The good and bad news for metals investors in this time of market panic
Lobo Tiggre wraps up our editorials today by looking at the big picture for metals stocks. With everything selling off huge today, the major gold producers have a near perfect storm (in a good way) to help boost their profitability. It doesn’t mean that these stocks will rebound tomorrow but history has shown us that metals stocks bounce back quickly when a turn or sense of calm enters the markets.
Click here to visit Lobo’s site and read over his free content he refers to in the interview.
We are just 11or 12 trading days in this downdraft, whereas in 2008, that episode down was well over 6 months for the mining sector.
Marty, this is not 2008. If you lived in Canada during or after 2008, we did not have a housing correction, period. This time we are sky high in debt at all levels of life. I think this time will be much more like 1929. DT
I don’t disagree,I’m only 34% invested right now
Fear Not……….
Well, ………..what can you say……..HUMAN LAB RATS…….
https://www.zerohedge.com/markets/attention-broke-millennials-lab-will-pay-you-get-infected-covid-19
Well, ………..what can you say……..HUMAN LAB RATS…….
https://www.zerohedge.com/markets/attention-broke-millennials-lab-will-pay-you-get-infected-covid-19
As GreatGameIndia.com details, in a $2 billion race to find a vaccine various companies are infecting humans with Coronavirus for clinical trials. A medical research firm based in the U.K. is offering more than $4,500 to individuals willing to serve as guinea pigs and be injected with two strains of Coronavirus similar to COVID-19 in a bid to find a vaccine for the new deadly virus. In the U.S., another firm is seeking participants for a COVID-19 vaccine study, but the pay is not as high, nor as quick, nor as risky.
I would not take a Wu flu vaccine for a million bucks.
You will miss the ID 2020 ! Wu fu bonzo !
Look for gold to crash on FRIDAY………CME……will close the trading floor……according to reports at zerohedge………..LONDON will Take it DOWN……..JMO
https://www.zerohedge.com/markets/cme-close-chicago-trading-floor-friday-13th
Well………..All travel to Europe……..CLOSED…….for the next 30 days………this should be real interesting……
Don’t Com to Europe you only see I PHONES whit migrins & migrans !
OOPS A DAY EARLY>>>>>>>>>>.LONDON BOYZ………..right on time…….same time ….same action……wash and repeat……….
Convenient……..HUNTER BIDEN ……….does not have to show his tax records. in court……Ukraine working overtime….
https://www.zerohedge.com/political/hunter-biden-settles-baby-mama-after-judge-rejects-coronavirus-excuse
On Wednesday morning, lawyers for plaintiff Lunden Alexis Roberts alerted the judge that they had reached a final settlement with Biden that, pending court approval, will end the nearly 10-month-long legal battle.
“Late last night, after the court entered the order, we reached a global, final settlement of all issues,” Roberts’s lawyer wrote in an email to Judge Meyer.
If, his tax records could be exposed………he would either have to lie , concerning the amount of money he made from the Ukraine Corporation……or……face false reporting to the IRS……Stinky Joe and Son………
Follow up by RUDY………..$3.5 BILLION MISSIng……in Ukraine BIden associated.
https://www.youtube.com/watch?v=7zDzM9xYJKU
ALL AMERICANS SHOULD BE PISSED………
Summary:
WHO declares Covid-19 is a pandemic
President Trump declares a travel ban from all European countries (not UK)
Tom Hanks, wife announce they have the Coronavirus
NBA suspends all games until further notice
Utah Jazz player Rudy Gobert has tested positive for coronavirus.
LA confirms first death
Seattle schools close for two weeks
Italy closes stores
MGM says guest at Vegas’s ‘The Mirage’ tested positive
Denmark closes schools, will send ‘non-critical’ public employees home to work
New Jersey case total climbs to 23
Juve player Daniele Rugani
DC Mayor declares public health emergency
Congressional doctor says up to
Cuomo confirms 39 new cases in NY, raising total to 212
First death in Indonesia
Confirmed cases in France top 2,000
Washington State to ban events over 200
Details of cruiseline industry’s ‘health and safety proposal’ leak
‘Waffle House’ employee in Atlanta confirmed
UK reports 7th death
Chicago cancels St. Paddy’s Day parade
NY sends in National Guard
IADB cancels meeting in Colombia as virus spreads across Latin America
Mnuchin says first part of virus stimulus plan will be ready in 2 days
Utah reportedly planning to shut public college and university campuses
Dr. Fauci warns virus 10x more deadly than flu and could infect millions if not handled early
Australia passes A$18 billion stimulus package
Seoul says 99 cases tied to call center
FEMA evacuates Atlanta office over coronavirus scare
3 Boeing workers test positie
Washington DC advises cancellation or postponement of all gatherings with more than 1,000 people
Harvard to prorate room and board for students
US cases surpass 1,000
UK Health Minister catches virus
Ireland, Bulgaria, Sweden report first deaths
Connecticut declares state of emergency
UK total hits 456 following largest daily jump on record (83 new cases)
Global cases pass 120,000
South Korea reports new outbreak in call center
Japan reportedly planning to declare state of emergency
The World has finally FLIPPED………………….
The biggest problem facing America will soon be how do we revive business. I do think many of these foreign wars will finally be brought to an end because there won’t be the will or the funds to finance them. Globalism has been brought to an abrupt end.
Chinese ……..are they still buying in Canada…….?
Real estate about to TANK?
Mathew is absent with his pitchforks. No offense but I said…Its all going DOWN.
Read back what I said 10 days ago. All this shit is going out the window. You best put the game down until the dust settles….Its not a knife catching game.
Cant wait till buy opp arrives…
He Nailed It | Gold, T-Bonds, Market Crash! #AudioInterview
“Bob Moriarty the founder of 321Gold and 321Energy sits down for an exclusive interview to discuss his recent predictions on the current market conditions, which he absolutely NAILED! We are going to discuss the coronavirus, and why T-Bonds and Gold will drop. Bob will introduce two exciting, speculative junior mining companies. Finally, Bob will share which precious metals you should be buying and why. Folks simply put: He Nailed It!”
No bill, just busy with other things.
Here’s some supports for GDXJ:
https://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=1&mn=5&dy=0&id=p46901715240&a=661500853
And your currency is massively oversold:
https://stockcharts.com/h-sc/ui?s=%24CDW&p=D&yr=1&mn=5&dy=0&id=p73847247876&a=569434196
The miners are likely to snap back once earnings results start coming in and an important low could easily be just a day or three away.
GDXJ:GLD
https://stockcharts.com/h-sc/ui?s=GDXJ%3AGLD&p=D&yr=1&mn=5&dy=0&id=p17185781354&a=726016893
Agreed that the earnings season in the producers for Q1 should be solid at these higher metals prices, and those will start hitting the news wires in late April to early May.
That would nice to see a significant low put in during the next few trading sessions, followed by a snapback rally.
Oil has not made a new low since Monday:
https://stockcharts.com/h-sc/ui?s=%24WTIC&p=W&yr=7&mn=11&dy=0&id=p46546865208&a=725914206
There looks to be a lot of indecision and tug-o-war between buyers and sellers on that current weekly candle in Oil. That is good and it is hovering right above that fork support, so this would be a nice place for it to find a little support as well.
For the first time since 2016 I waded back into the Oil stocks today with a small position in both key ETFs – XLE and XOP. I’m prepared that they can face more weakness as some companies financials will under pressure, but they’ve really pulled back far already from where they were a year ago, or even since the beginning of this year. Those ETFs are liquid enough to trade in and out fairly easily to protect capital or make a quick scalp trade. For now I’m prepared to average down 1-2 more times at key levels, but just wanted a toehold position in place to start building around.
The uptrend in the gold miners versus the stock market is not in jeopardy:
https://stockcharts.com/h-sc/ui?s=GDX%3ASPY&p=W&yr=5&mn=6&dy=0&id=p95867657472&a=723016925
Adrian Day: Big Mistake for Major Miners to Boost Their Dividends
MiningStockEducation #AudioInterview
0:15 Introduction
1:08 Adrian’s clients’ responses to recent sell-off
2:44 Base metals commentary
3:54 At what point do gold royalties become overvalued?
7:36 How to value small, single asset producers
9:06 Commentary on mid-tier miners
10:26 Are major miners giving away dividends too early?
13:02 ESG issues overemphasized?
14:40 PDAC observations
Don Durrett: Silver Bull Market Confirmation Needs $18.50+/oz Silver
MiningStockEducation – March 11, 2020 #AudioInterview
0:15 Introduction
0:41 Market commentary
3:20 What to make of all-time high Au/Ag ratio?
5:59 Silver price outlook for this year?
10:58 Timing current mining stock sell-off bottom
14:32 Some silver mining stocks Don likes now
17:58 Why Don hasn’t invested in gold royalties
22:21 Sentiment and upside potential for gold
Kevin Drover: We’re on The Runway to 2020 Silver Production – (AUN) (AUNFF) Aurcana Corporation
MiningStockEducation – March 5, 2020 #AudioInterview
1:20 Just closed C$5.87M oversubscribed placement
2:01 Currently deploying $15M of needed $37M CAPEX
3:16 Update on potential debt facility
4:42 Why Aurcana will succeed when past operator failed
9:12 Concerned at all about cost overruns?
10:27 When will mill be at full capacity?
12:35 First year production will be ultra-high-grade for quick debt payback
13:23 Increasing LOM efficiently
16:30 Future growth plans at RV mine and beyond
Could the golden baby be thrown out with the bathwater as COVID-19 impacts the world?
by @Samson on 10 Mar 2020
where is dr. dating advice ; it is just a regular flu?
where is dr. hugs and public health specialist?….Yes the public is collapsing!
OH, they are playing with their Barbie dolls..very endearing indeed…
then they will claim that identifying facts represent panic…..So stay as psychcotic as the two little lovely drs…remain politicaly correct…the authorities have this under control…..i am from the government and here to help you…..lol lmao
I will only take a vaccine shot if held at gunpoint…Which is quite possible….The vaccine WILL contain biologic and organic and inorganic toxins…You will never be the same again after that ‘vaccine shot’…Vaccines are used as a weapon of eugenics…The results reify this…I am sure the system shills drs/drs. will disagree….
Larry, I agree with you on vaccines. Would you take a rabies vaccine if you were bitten by a rabid animal? That is the only time I might consider taking a vaccine.
b.b.-probably for rabies ..but still want to know what biologics , organics,inorganic adjuvants are in it….Those dr./drs. where not even close to understanding what COVID-19 implied…Dopes X 10…Bull chitting frauds and fakes tools all except the 1% that publicly say conventional medical method is a fake profiteering scam!
Wake up sleepy heads. After all, our friend the Corona virus never sleeps.
It’s gonna be another fun day…foreign markets annihilated…Stalingrad and Poorski futures limit down…Nasdaq and Dow futures also down over 5%…
BITCON……..down to $6000 plus….ever since the cftc…..got involved this coin stinks…
Yep, some Bitcoin fanatic over at ceo.ca was being snarky and proclaiming that Gold is no longer a safe haven, but he still felt cryptos were. What a dingbat!
I wrote him back this:
“$Gold went up significantly on on the missile strikes in Iran, on the Coronavirus fears, and the recent Oil rout and has absolutely acted as one of the #SafeHavens along with #Bonds during all this.”
$Gold is down 3% today, where as $Bitcoin (which some claim is a #SafeHaven) is down 25%.
DING BAT………ditto………..
I bet the ding bat never experienced 2000 dot com…….lol
Maybe he’s been eating ding bat soup and it has warped his mind. 😉
Boeing is worried that banks will pull their committed funding, which in turn means that Boeing is either now worried that a 2008-style financial crisis is imminent, or that the company’s own prospects are about to implode, forcing banks to breach their delayed draw credit facility document terms.
BOYS!
Looks like the whole Neo-Feudal Casino Gulag Plantation Fractured Reserve Debt Based economic outhouse is imploding and the Feral Reserve can’t do anything to stop it! And neither can the rest of the criminals!
“Looks like the whole Neo-Feudal Casino Gulag Plantation Fractured Reserve Debt Based economic outhouse is imploding and the Feral Reserve can’t do anything to stop it!”
Wow – what a line!! and very well said Covid Kid….
For fun, try calling a brokerage firm like TD Ameritrade today and see what happens.
TD……get’s instruction from CEDE and company………lol
I tell you Jerry, the whole criminal economic ponzi sh*t house is collapsing…
Well, it is way over due………….nothing has been logical for years…….
NOTHING……..
When you have a society ruled by criminals this is what you get.
If I were to make an aviation analogy, I would say this market thought they were flying on instruments, when in reality they were in a graveyard spin soon to impact the ground.The more the powers that be try to inject stimulus the tighter the spin will become.
Here’s a quote from a Boeing employee ” I still haven’t been forgiven by God for the cover up I did last year.”In reference to interactions with the FAA.
2018, 2019 737 MAX 346 killed.
And you expect your Government to save you? Good Luck
The truth is beginning to come out! DT
Cognitive dissonance has been the order of the day ever since 9/11.
I know I keep going back to 9/11 and there are those out there that will say what does it matter.
Much like the people at Hiroshima and Nagasaki, they will realize everything matters.
Ditto JOHN……….on 9/11………..
AXU is getting hammered! down almost 25%.
Everything is getting hammered. Great Bear Resources, a new Silver producer is down 60% today. It’s crazy out there!! OUCH!
GDXJ was down over 25% today.
Wild times!
Glad I did not buy any silver the other day…….$15.90…….I think I might buy some today…
Wait Jerry, Im confident you will get it cheaper in the coming days and weeks. Pity Im just holding now, no more acquiring PMs, no more mining shares. Time to ride out the rough times for abit.
Oz…….Thanks, I will certainly not LOAD UP THE TRUCK… 🙂
Heck, I might even wait, …..Thanks…….OOTB
You don’t have to buy all the Silver at one time and buy it in tranches.
Maybe you could just start with backing up a Tonka Truck amount. 🙂
https://images-na.ssl-images-amazon.com/images/I/4116MfhrYoL._AC_.jpg
If we see bankruptcy’s, people losing their jobs, suspending payments of debt, the business world could roll over like a row of tenpins. When one employee loses his job it affects two other jobs in the service sector and it decreases the potential buying power of the country. With oil collapsing and silver down in price what we could really be witnessing is a deflationary cycle, not 2008. DT