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Chinese companies are leading the M&A in smaller metals stocks

Cory
June 23, 2020
Comments (38)

Dave Erfle wraps up our daily editorials today for a focused look at the new uptrend in gold stocks. We also discuss the moves by Chinese companies that are starting to acquire smaller precious metals stocks. This is a good time to be an investor in precious metals stocks but you still have to be aware of what is outperforming.

Click here to visit Dave’s site to find out more about his newsletter.

GDX GDXJ Gold stocks M&A
Discussion
38 Comments
    Matthew
    Jun 23, 2020 23:53 PM

    BBB breakout and first MACD buy signal in 3 months:
    https://stockcharts.com/h-sc/ui?s=BBB.V&p=D&yr=1&mn=0&dy=0&id=p75014088576&a=775215662

    SilverDollar
    Jun 23, 2020 23:56 PM

    .Good listen Cory. Thanks. It certainly does feel like we’re on the threshold of something big in the near term…………! Loved what happened to Dolly Varden today.

    Matthew
    Jun 23, 2020 23:13 PM

    IPT has more than tripled since the March low and will probably more than triple again before the year is over…
    https://stockcharts.com/h-sc/ui?s=IPT.V&p=W&yr=6&mn=11&dy=0&id=p38604383951&a=544288722

    Matthew
    Jun 23, 2020 23:18 PM

    It will be great if SLV can finish the week above 17.10 (I think the odds are very good that it will)…
    https://stockcharts.com/h-sc/ui?s=SLV&p=W&yr=6&mn=0&dy=0&id=p69840310068&a=727972963

    Matthew
    Jun 23, 2020 23:55 PM

    Interesting close for HGU today…
    https://stockcharts.com/h-sc/ui?s=HGU.TO&p=W&yr=4&mn=2&dy=0&id=p95777491070&a=762326004

    Matthew
    Jun 23, 2020 23:00 PM

    46 year-old USERX closed at a 7.5 year high today…
    https://stockcharts.com/h-sc/ui?s=USERX&p=D&yr=1&mn=11&dy=0&id=p94737559787&a=726611765

    Matthew
    Jun 23, 2020 23:03 PM

    KTN is looking good…
    https://stockcharts.com/h-sc/ui?s=KTN.V&p=D&yr=0&mn=11&dy=0&id=p74130194663&a=725521128

    Wolfster
    Jun 24, 2020 24:00 AM

    Well those were great drill results for Vizsla. Too bad silver is selling off again. Couldn’t get the perfect storm

      Matthew
      Jun 24, 2020 24:43 AM

      I think silver will be fine and fine soon. SLV just filled most of its Monday gap and that’s a good thing to get out of the way so quickly and painlessly. It’s almost like silver is being manipulated for the benefit of the bulls.😉
      https://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=0&mn=3&dy=0&id=p08424391829

        Wolfster
        Jun 24, 2020 24:06 AM

        No disagreement there. I was just talking about today.

          David
          Jun 24, 2020 24:27 PM

          Todays action in silver could have something to do with upcoming options expiration and the banks need to maximize profits. It is not as if they don’t know in advance where the price should fall to nullify the maximum options.

    OOTB Jerry
    Jun 24, 2020 24:55 AM

    Everything is going to be fine…with gold and silver and pm stocks………stick to the plan………accumulate and do not be late…. this is the sweet spot…..going higher…. 🙂
    Rant of the Day…. 🙂

    Blue
    Jun 24, 2020 24:10 AM

    Hi Matthew!
    What do you think about Axu in the near term now that they recieved their water permitt and are going to production?

    https://www.alexcoresource.com/news/2020/alexco-moves-forward-to-production-at-keno-hill/

    OOTB Jerry
    Jun 24, 2020 24:29 AM

    Good article ………..for silver lovers…..couple of reasons for stalled price.
    https://www.zerohedge.com/news/2020-06-23/waiting-comex-silver

      OOTB Jerry
      Jun 24, 2020 24:30 AM

      But why is COMEX silver lagging this week, and why will it soon begin a new rally? Three reasons:

      • The current front month is the Jul20. Option expiration for this contract is this Thursday, and a clearly delineated “sweet spot” can be found near $18.

      • The contract itself goes off the board next Monday and into “delivery” the following day. As of Monday the 22nd, there were still nearly 60,000 contracts left open, with most needing to be rolled into the Sep20 or the Dec20.

      • And then we have the end of month and end of quarter issues we must always deal with in both New York and London.

      However, once we get into July, the pressures noted above will evaporate and it is then that you can expect COMEX silver to begin moving higher with COMEX gold. With COMEX gold moving above $1800 and the gold:silver ratio moving below 100, we should expect a move toward $19 and then $20. But here are two other, lesser-known indicators that signal this move will soon be forthcoming.

    SilverDollar
    Jun 24, 2020 24:18 AM

    Do any of you PM aficionados remember a former guest of Cory’s, Dan Oliver? Listen to his latest thoughts: https://www.kitco.com/news/video/show/Mines–Money-Online-Connect-2020/2871/2020-06-24/Expert-who-called-for-$3000-gold-is-upgrading-forecast

    David
    Jun 24, 2020 24:10 AM

    Matthew;
    Thanks for all the great work. Excellent!