Thanks Ex.
“We worked a decade to be an overnight success.”
“You get a “Rip your face off rally.”

Yep. A good interview with Mr. Rule.

Haha! Agreed DT.

April (not August). Ha!

them = they

Yes, (SIL) (SILV) Silvercrest is best in class and the #1 Silver explorer/developer on the planet, and similar to how Great Bear has been with Gold.

The team at Silvercrest has been hitting bonanza grade Silver intercepts for the last 4 years, so they have many more eyeballs and analysts on them, and thus their valuation is much more fair and factored in compared to other Silver Developers and Explorers. Having said that; SILV through more exploration and higher metals prices can keep chugging even higher.

I’ve been in an out of Silvercrest for many years, both in their current incarnation and their former incarnation (before First Majestic took them over and spun out the new company). Ironically I just bought more SILV on March 13th, then added on March 16th, but then sold part of that on March 18, and sold the rest on March 24.

I’ve considered getting back in, but feel that some of the smaller market cap stocks have further to run on a percentage basis.

I’ve been out of the loop for some time as I had to liquidate due to a torn rotator cuff.
I am starting to reposition for the coming run in the Precious metal stocks.
To be honest I am still a little leary about the disconnect that exists in these markets.
Since the Covid, a lot of “hot” money via Robinhood has been finding it’s way into the OTC Penny stocks. Lately I have been noticing that more and more mining companies are showing up in the data. To me , this is a very good sign and a early indicator of what is yet to come. Fun Times.

Ouch. That torn rotator cuff doesn’t sound like any fun at all. My buddy had a similar situation and it took him many months to heal – almost a year.

Yeah the “hot money” from the waves of new Robinhood traders have finally started finding the mining companies. Just 2 weeks ago hundreds of them piled into a company I hold, (SMTS) Sierra Metals, a polymetallic producer of Silver, Copper, Zinc, Lead, and Gold. It hadn’t been getting much of a response, and then boom hundreds of Robinhood traders showed up and the volume surged and the shareprice shot up over 250% in 2 days. Crazy.

Here’s the SMTS chart. Look at that volume come and then go onto the next shiny object.

http://schrts.co/eUcCVCNb

I’m hoping those Robinhood traders find a few more of my mining stocks so I can lighten up on surges like that. As you mentioned, it is a good signal that generalist investors are starting to wake up to the outsized gains in mining stocks.

For me this is going to be vindication.
This is going to be the pay off for all the mornings I have endured watching those in the futures have their way even though I knew that this was and I will quote Rick Rule, “The politics of the market and not the reality of the economy.”
I cut my teeth in the Jr Resource stocks years ago and this is what I really love doing. With that being said , it is a lot more fun when the Precious metals start shinning again as I knew they always would and it was just a matter of waiting it out.
Mining 101. Where is the best place to look for Gold? Next to a Gold Mine of course.
Good luck to you Ex.

J the Long……..been waiting it out also……there are only a few who have been around this market and know what was to happen, a lot of names have gone missing over the years….just saying.. :)……. Average returns…7-9%
Livermore quote would be appropriate here……It is the waiting, and sitting on my hands, that made me the most money….or something like that… 🙂

Lap top……working…..

Mine seems to be working.
Glenfidish, now you have me curious about what you were going to lay down because you’ve been laying out details and play by plays as to what you’re expecting… which helps me immensely to understand and anticipate.

Thanks for posting the Michael Oliver commentary Charles. He is a sharp guy with both a good handle on both fundamental analysis and technical analysis. Cheers!

John , you call a lot of people out, in your lack of knowledge…..do some homework

Jerry:
I’m concentrating on making money right now and hanging on to what I have.
I am on the metals blog as I have had enough of Covid, BLM, and Politics in general.
Like Ex posted, as well as Mathew and I have discussed there has been some fantastic gains in select mining stocks since March.
This is an exciting time to be a Gold Bug.
I have been patiently waiting for this for some time now.
Best to you Jerry.

Oh, I forgot……Roche , which I have a few people who I know work for them as well…
Even have some friends at Indiana U. Medical….
Indiana is full of medical people…..

John…….I did not start the covid bs comments………I tried to hold back the bs….since Feb 22….I did not start the covid comments on today’s blog……

The weekly and larger charts cause me to favor higher prices sooner rather than later and not sideways action:
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=W&yr=5&mn=7&dy=0&id=p32655348029&a=500464214

A breakout on the following SLV:GLD chart would be very helpful and I think it too is coming sooner rather than later despite the setback of the last two trading sessions…
https://stockcharts.com/h-sc/ui?s=SLV%3AGLD&p=D&yr=1&mn=0&dy=0&id=p78510099704&a=722423179

Short term, SLV will break out if it just takes out Thursday’s high:
https://stockcharts.com/h-sc/ui?s=SLV&p=W&yr=6&mn=0&dy=0&id=p20901760228&a=727972963

Zoomed-in for detail:
https://stockcharts.com/h-sc/ui?s=%24XAU&p=W&yr=6&mn=3&dy=0&id=p92829049959&a=779531140

Important resistance is just above for the gold stocks:
https://stockcharts.com/h-sc/ui?s=%24GDM&p=D&yr=1&mn=11&dy=0&id=p63618329599&a=673663556

Ex,

Thank you for the summary. I really don’t want to go back and pull up your post as it takes a long time to find. My understanding is that i asked everyone in here what there targets or thinking was with golds current move and all time high. Not one person commented including yourself on record saying golds current move would not breach $1923 on first attempt. Unless I’m losing my Mind I believe your response was $1975 somewhere in that vicinity which included your detailed and appreciated fibinocci targets. That would imply first attempt goes through $1923 to your target and then your correction. That’s what i read from your post. Maybe someone better then me can repost it. It’s not a completion and again forgive me if I misread.

As far as $1840, it was never implied as a final target before the move down. My views have been consistent from sometime. $1780, $1800 will be broken ( both have) and “next” target is $1820-1840. I mentioned when we get there I will update my thoughts.

For the record now,I have higher targets before this correction that is coming. Gary w $1880 call is on record privately with Matt so he is my witness lol.

So to sum up gold is going higher next 3-6 weeks imo with a Target I have less than $1923 all time high. And my correction prediction will be much more scarier than $1800. You heard it here first way further down.

These are just my own opinions and I could end up looking foolish it wouldn’t be the first time.

So hope this helps

Glen

No worries Glenfidish. What I typed above is what I believe, and have stated multiple times, that most prior peaks are not eclipsed on the first move higher. Never said it was a competition, but I wanted to set the record straight. You had posted something last week that both Matt and I claimed Gold would go through the all time high without correcting first, and I never said anything like that. I was too busy at the time to respond but wanted to clear it up here because you just said you were the only one on here that believed gold would go up into the $1800s and correct.

I believe that is what most people on here believe. Craig Hemke just mentioned he thought Gold would get up into the $1880 region and correct, Gary Wagner put out analysis posted above that there is resistance up $1880 as well.

So far it hasn’t been specified if this was just going to be a normal pullback when Gold hits resistance, corrects and them moves higher to make a run at the all time high, or if they believe gold will correct for a long time. Personally I could see Gold getting up in the $1800’s, correcting down and then making a move at the all time high in the seasonally strong month of September, but it may make a few attempts to get through that level (just like Gold struggled to get through the 2016 surge high of $1377.70). I mentioned that Gold could reach up for the Fib extension at $1935.

The 1975 number you are recalling was regarding Silver. Someone else was posting about $26 Silver, and I mentioned it is best to take things one step at a time. The first level Silver needs to clear is last years high of $19.75, then the next line in the sand is the 2016 high of $21.23. Until those two levels are taken out definitively on a closing basis (at least on a daily, but preferably on the weekly chart) then it is premature to be looking at things like $26 Silver.

Also for posterity’s sake I found the old posts from June 20th & 21st. They match what I had responded up above, as I do my very best to be consistent. I can’t find the post about the bet on whether Gold would clear it’s all time high this year or next as the search function here at the KER is all wacko right now, but all I said was sure I’d take the friendly challenge I believed it could happen this year. There weren’t any comments about it doing it all in one move though without correcting first.

_______________________________________

> On June 20, 2020 at 8:33 am,
Excelsior says:

“Good comments Glenfidish, and I tend to agree, but with a few minor tweaks.
The key number for Gold to take out first is the recent high from earlier in the year of $1788.80, so it will mark a new impulse leg to a higher high.”

“I’m more optimistic that Gold has a chance of taking out it’s old surge high of $1923.70 this year.
(for some reason I thought it was $1921, but $1923.70 is the all time high on stockcharts).”

“If it takes Gold until Q1 2021 to break the A.T.H. at $1923.70, as you are forecasting, then that still won’t be that long of a wait, and actually gives the miners more time to absorb and react to the higher metal prices. Regardless of whether Gold making a new All Time High happens later this year or the beginning of next year, when it does, and the news headlines cover it, it will be the energy needed to bring in more generalist investors.”

“Longer view Gold Chart showing the prior 2011 peak, the bear market from Sept 2011 through Dec 2015, and the new bull market that started after that major low was put in at $1045.40 in December of 2011.”

http://schrts.co/HsuMXYag
___________________________________

> On June 21, 2020 at 8:35 pm,
Excelsior says:

“Hey Glenfidish – thanks for the response back and good thoughts mate.
For clarity, I’m not waiting for $1788 Gold to get deployed in miners, but mentioned it was the recent high from earlier this year, and the next key level to clear for Gold to make the next impulse leg higher. To confirm an impulse leg higher, the prior peak must technically be cleared on a closing basis on the daily; but preferably on a weekly basis to confirm the move higher.”

“It is best to take things one level at at time, and yes, clearing a recent peak is one of the most technically significant things in price action for the next bull leg period on any chart. Therefore $1788 is far more important than $1765 or a round number like $1780 that you mentioned, and that was the only point I was getting at. It had nothing to do with waiting to get positioned, but it is the level I’m watching in Gold as the next key one to clear.”
_______________________________________

> On June 21, 2020 at 8:47 pm,
Excelsior says:

“After gold clear $1788 the recent peak on a closing basis on a daily (but preferably a weekly close above it) and confirms we are in the next impulse leg, then I’ll be looking at how high it gets into the $1800s to determine a Fibonacci retracement of that leg back down 23.6% or 38.2% to reposition. As for how high it may go into the $1800s I’ll be looking for trendlines off the $1167.10 low up through $1788.80 to determine that make overhead resistance, and watching for a bigger move in the next few months for a Fibonacci extensions of 23.6% of that move (adding $146.72 to 1788.80 for a target of $1935.52). That would clear the $1923 prior peak and all time high from 2011 and be a target I’d be looking to see by year end.”

Here’s out discussion on silver where the $19.75 number came into play.
___________________

> On May 29, 2020 at 8:08 am,
Glenfidish says:

“Hey ex,”

“In the words of gary savage intermediate tops always happen at some point.. Not to be a party pooper but what target would you have for a good intermediate top for silver and good healthy correction?”

“Are you of the belief we blow by 19ish`20ish and go to 30 before that correction?”
________________________________

> On May 29, 2020 at 8:42 am,
Excelsior says:

“I expect Silver to run into first resistance at the 2019 high of $19.75.”

“When Silver finally takes out it’s 2016 surge high of $21.23, then this tiny sector is going to get more heated up. If it takes 2-3 attempts to to do that, then I’m OK with that .”

“At that point (north of $21.23) even the higher cost producers will be making money, and the development projects economics will be quite attractive.”

“If it get’s back in the high $20’s to low $30’s #fuhgeddaboudit”

“Ever Upward!”

#Silver Chart: http://schrts.co/dXvAiSUd

I also just found the initial beginning of the conversation.

On May 11, 2020 at 5:12 pm,
Glenfidish says:
Anyone in here believe we have hit an intermediate top? or do you believe it’s up tomorrow and resume to hit that strong resistance at 1800 gold?

I will stick to my guns and will make a friendly wager with my pals matt and ex lol..

We do not blow by all time highs and no way we go over $2000 this year,

who is in? I sound bearish lol..

> On May 11, 2020 at 5:47 pm,
Excelsior says:

“Glenfidish – It is possible Gold may get up in the low $1800s in the shorter term before correcting for the medium term, but regardless, Yes – believe Gold will take out the all time high this year of $1921 (from back from Sept 2011).”

“As far as taking out $2000, I’m thinking that may take until next year in 2021, but for fun – sure I want to see it in break above the 20th century mark in 2020.”

“Personally, the current Gold prices in the low to mid $1700s are plenty high for the producers to make money and for the developers to get rerated. I agree with Matthew’s comments on the weekend show blog that I’d rather see the miners move up in value relative to real money = relative to Gold.”

“If Gold gets up into the $1800’s the miners have even more room to run. Once Gold does take out it’s prior all-time high at $1921, the news headlines will the main stream media, and I believe that may create a small frenzy to push the yellow metal above the $2000 level. I guess it depends on when $1921 is taken out (my guess would be September).”

Re: “no way we go over $2000 this year”
Glen, with where gold is at within the very big-picture, I will be very surprised if gold doesn’t take out 2000 and would view it as somewhat bearish (bearish for gold, not the miners).
Gold has closed the last 5 quarters above its quarterly Bollinger Bands and is going parabolic. The last time we saw such action was in the late 1970s. So the bears better act fast if they want a chance at stopping it (which is probably already not possible). The can start by stuffing it under 1733, the upper Bollinger Band.
Quarterly gold:
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=Q&st=1996-09-09&id=p24801209045

To be clear, I think gold is going much higher but a 1970s scale move is probably still years away. So my technical comparison is about scale, but action.
Here’s the 1970’s quarterly gold chart:
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=Q&st=1970-01-01&en=1986-08-16&id=p83079751709&a=779874849

22 June was a double top break out on the point and figure weekly Gold chart.
The slope is steep but I wouldn’t say it was excessive.
https://stockcharts.com/freecharts/pnf.php?c=%24GOLD,PWTAWANRNO%5BPA%5D%5BD%5D%5BF1!3!!!2!20]

The P&F price objective is (still) 1950.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=8&mn=11&dy=0&id=p23305836466&a=495649167

Volume/COMEX open interest has been down since gold reversed off of the March low but the speculators will return eventually.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=5&mn=1&dy=0&id=p79918135977&a=727350573

Ex,

Thanks for the response. Ok I think I have a good idea of what you are saying. You can correct me if I’m wrong. What you are saying is that you expect some type of correction or semi meaningful correction before piercing through $1923. Which means wherever that correction comes from it will get close enough to $1923 and down and you believe later on in the year or possibly shorter term $1923 all time high will be breached this year. Does this sound right? Just want to make sure lol. And of course the correction you have in mind would be down to $1800 give or take?

Matt, ex, John and everyone else,

Matt knows how much I respect his calls and vision as well as ex and everyone but this is one time in a very long time I will sound like Gary savage! The cabal or bankers I don’t trust and this is getting to far ahead for them. Price action of gold and miners has been text book climbing wall of worry but noise lately and indicators and other things that we some view differently and not that I disagree with you Matt with weekly and monthly. I do understand weekly can stay overbought for sometime same with monthly. There are more than 1-2 things that just have caution starting to come up.

I hope I don’t sound so bearish. Let me make this clear I’m still all in. Short and long all in. I feel really good about a strong monthly close with big candle. Higher targets than $1840. But there is a lot of money that has not entered and slot of money that needs to cover. So imo again we will fall short and go further down into October marking a bottom. I may very well be wrong but there are some heavy weights that have called for fall low and I have one forth the experience Matt has but I will use it if needed and bail “short term” investments at my targets. I stand mite to gain than lose. If it goes higher it won’t Benny that much before meaningful correction unless we sky rocket into $2300-2400 at which point my long term investments will retire me on an island.

So for the record no I don’t think we go higher than $2000 this year. I do think we break out in spring 2001 into $2100-2400

Glen

Glen, it’s a high risk/high reward situation, for sure. Of course, that’s what makes the big moves possible.

Glenfidish – Yeah that’s the basic gist. I’d expect there to be a correction in the high $1800’s but it will depend on where it corrects from as to where it pulls back to. Again, once we see that level, then a Fibonacci retracement of 23.6% from the recent low of $1671.70 to wherever the next peak is would be what I’m looking for. Then after that corrective move (likely to the low $1800s will build the energy needed to take on the $1923 all time high and it may take a few attempts to break through, but $1935 would by my first target, but it could keep ripping higher and we’ll need to look at the chart indicators at that time to see what kind of momentum is in place. There could be enough excitement to get it to and through $2000 but we still have a ways to go before then, so first up let’s see how high Gold gets into the $1800’s before it corrects. It appears several technicians agree on the $1880 level, so we’ll watch to see how gold acts up there – (providing it makes it there on this leg).

Here is a Gold chart showing that recent low at $1671.70

http://schrts.co/IVTFSkjD

Excellent summary. Perspective is important and has been the goal of the US Federal Government to make it their tool. I prefer yours. Sometimes the Uphill is the best hill.

Thanks David. I’d rather get your perspectives as well. We’ll keep working on decoding the economic puzzle and keep sharing the good ideas.

Ex, you continuously radiate sound thinking, it is good to take a trek away from the harsh realities we are exposed to on a daily basis and reset your mind. I go for long daily walks and I’m sure it helps to improve my mental capabilities. DT

I couldn’t agree more DT. Long walks and in particular long walks in nature really reset the mind, and clear out the messages bombarding us day in and day out- a great reset.

Best of the worst 4.5 years ago…
https://stockcharts.com/h-sc/ui?s=IPT.V&p=D&st=2015-03-18&en=2017-02-14&id=p43321821987&a=465849003

+4.5 Nice flashback.

I would rather listen to Big Al, Cory, Frieda, Excelsior, Pierre Lassonde, Matthew, Doc, and Erik W. talk about gold and silver stocks than Rick Rule.

After that, a move to about .18 would probably happen quickly:
https://stockcharts.com/h-sc/ui?s=SGN.V&p=D&yr=1&mn=6&dy=0&id=p34155181606&a=739216195

Matthew – You own Scorpio right? If so, what’s its land package like?

Lol…..yesterday was the first day since I bought Scorpio 6 weeks ago that I didn’t check to see how it was doing. I did mention it to someone on Thursday as one of the stocks to own if gold does move higher as it would make the mine more economical and therefore more likely to get financing to start production.

Thanks Wolfster. I just looked at the corporate presentation and wasn’t all that impressed and assumed it would be more of a short term trade.

I think the properties have great potential and the economics of the 250,000 ounces to be recovered from the leach pad just improved significantly with gold now almost 50% above its feasibility study assumption of $1216 gold. I guesstimate that the NPV has more than tripled year-over-year going from about $35M to about $115M at the current gold price. The more the market gets comfortable with the new high gold price, the better for Scorpio’s ability to obtain the needed financing on favorable terms. I don’t know how much of the project’s profits will be given-up in the financing but it will be relatively less as the gold price rises/risk disappears.

Then there’s the proven and probable 156,000 ounces of gold based on a $1300 gold price in addition to other assumptions relating to costs (which might be lower now). At $1790 gold, those ounces are worth $76.4M more than they were at $1300 gold.

I would like to know more about the toll milling contract that was signed in January.

Even fully diluted, 10 cent SGN amounts to a market cap of just $11.5M (U.S.).

Agreed on the comments on SGN Scorpio Gold. I’ve been folllowing it for years (and owned it in the last cycle when they used to be a small producer and SGN was actually spun out of Scorpio Mining – who later became Americas Gold & Silver).

Scorpio Gold got stalled out for a few years during the bear market and eventually imploded and needed to be restructured in late 2015 and that is when my interest returned to them. I got positioned between Oct 2015 through Feb 2016 and have been holding since then, but wasn’t expecting it to take this long to get their plan together. Still, I believe there will outsized gains to be had in Scorpio Gold over the next 2 years.

They still have the financing need hanging over their head, as mentioned, but after that is set up the dilution is established, I’ll likely average down and get more aggressive with the position. A few positives over the last year is that they are now doing toll milling at one of their 2 mills, and have a great deal of exploration potential with their surrounding exploration targets for shallow open pits at both Mineral Ridge and Goldwedge. It took them a while to get all the permits, but they got that part going and just need the capital to get more work going.

It should also be noted that Scorpio Gold is on the prolific Walker Lane in Nevada, which has been of particular interest to many enthusiasts of the yellow metal. I’m also invested with Scorpio’s neighbors and advanced developers (WKM) West Kirkland Mining, who is neighbors to (KOR) Corvus Mining another gold developer, and I had a position in (NM) Northern Empire on the Sterling deposit, but they were acquired by (CDE) Coeur Mining – that I own once again. Also last month I got a position going in (GORO) Gold Resource Corp that also has projects along the Walker Lane. Gotta love Nevada!

>> Here is a map of the Walker trend where you see SGN, WKM, KOR, and the Sterling project is now held by CDE.

http://www.wkmining.com/_resources/projects/hasbrouck/map.jpg

Thanks Matthew and Ex for your thoughts.

Question …EX…………?
Out of the mines located in the Walker Lane…..(from your submitted map)
which one do you like the best……Thanks

Hi OOTB. As for the Walker Lane projects, I liked the higher grade (for Nevada) Sterling deposit the best, that Northern Empire (NM) continued to explore and expand after Imperial Metals had it previously. Northern Empire went on quite a run higher in 2017 and 2018 and ultimately Coeur Mining bought them out in late 2018, so it is now part of CDE.

What Corvus has next to Sterling is similar, but I haven’t been as impressed with their strategy the last 2 years, but have considered getting a position now that the gold market is starting to run.

(GORO) Gold Resource Corp is a producer with properties in Mexico, but also along the Walker Lane trend in Nevada like their producing Isabella Pearl, their development project Golden Mile, and their exploration projects East Camp Douglas, Mina Gold, and County Line. As a producer it is more stable than the smaller developers and explorers, but it won’t have the same torque to the upside, so that leaves the 2 smaller companies WKM and SGN.

(WKM) West Kirkland Mining is a Developer that is awaiting a development decision on moving their Hasbrouck Gold Project toward production. They have their 1st open pit permitted and they are waiting on the permit for the 2nd pit. They also have the 3 Hills project near Tonopah, NV for down the road. They are moving a little more slowly than I would prefer personally, hoping their gold in the ground will get rerated higher (and it will), but with little news flow the last few years, there hasn’t been much meat to attract new investors.

Currently West Kirkland Mining (WKM) just announced a name change to West Vault Mining (WVM) and 10:1 share consolidation at the very end of June, and it was effective the end of last week. This tells me with the reduced share count that they may be working on the capital raise to get Hasbrouck into the production in the next 12 month window. Their economic study has a 74% IRR at $1,600 gold, so where it is now at near $1800 gold is fantastic, so I’m looking forward to see if the market starts to re-rate them higher now that they’ll have a tighter share count, have the primary production permit, and just need to raise the mula.

Of all the companies mentioned, I guess I’m most partial to SGN Scorpio Gold. I owned it in the last cycle when they were producers, then sold and watched them implode during several years of the bear market, then watched them restructure and relaunch in late 2015 and bought in through late 2015 to early 2016 and have held all this time, waiting for them to get back into production. It took them a while to get their permits to start exploring and get one of their mills going again for toll milling other companies gold, but they got that going now. They are exploring at Mineral Ridge and Gold Wedge at present, but just like West Kirkland (now West Vault), they need to do a big capital raise to get their mining and production going again, and I’m not sure how dilutive it is going to be. Once that is announced and can be analyzed and is completed, I’ll likely add to this position in a bigger way, and I guess because it is so tiny in Market Cap and is mostly ignored by the market, it is my favorite, and has the potential to run the most on a percentage basis.

Cheers!

EX………..THANK YOU VERY MUCH…….for the reply…..and your time….appreciate..

Interesting David. My account was cruising right along until Feb 28th when the bottom fell out. Most of the stocks I hold or have been following crashed down until Monday the 16th. I was adding aggressively as noted above from March 11- March 23 but was still pretty active in adding all the way through mid April.

Really there have been nice moves in almost every miner since the March lows, but up above I was just highlighting how well the Silver Developers and advanced Explorers have done, many up 1.5 – 3 times.

There were plenty of Gold stocks that have had fantastic rallies as well though. Maybe tomorrow I’ll work on a few more charts of the Silver Producers, Gold Producers, and Gold Developers for a frame of reference.

Right now I got to go stock up on craft beers and get ready for the neighborhood fireworks show. Happy 4th!!

Ex:
You got me thinking about the date above (Feb 21) and it did not seem right. Feb 21 was a good total. The low day was actually March 18. March 19 started the turn around. When looking at which stocks were gaining dollar wise the most starting Mar 19, they were fairly consistently Discovery, Ely, Azimut, Great Bear, Lion One, Novo, Silvercrest and occasionally Wallbridge and DeGrey. I picked up some Freegold somewhere in the mix which helped and Pure Gold was sneaking in the back door. There were others doing well % wise but the ones above added more to the portfolio. Thanks for picking up my memory default. Looking forward to silver juniors coming to life.

Hi David – Yes March 18th for the low in your portfolio makes more sense then Feb 21st.

Mine was on that Monday March 16th, but that week the 16th-18th is when most Gold and Silver mining stocks bottomed. While was buying big from March 11 – March 23, the 2 days where I deployed the most capital was on March 18th for the silvers and March 19th for the golds.

Yes I’m looking forward to the Silver juniors coming to life, and that is why I posted that bar chart from March 16th to present up above in those 12 Silver Jrs. Most are up 150%-300%+ off their intermediate lows from March 16th. That shows to me that they are starting to come to life, because Silver went from $12-$18 during that period. When Silver gets back above last years high of $19.75 and moves at the 2016 high of $21.23, then the Silver miners will really start to come to life.

Ever Upward!

Sounds good Glenfidish. 4-8 stocks isn’t that many, but if you feel like revealing you licks and picks and “4 secret stocks” please don’t be shy.

Just a thought, those “secret stocks” may perform better if you don’t keep them secret, as there are over a thousand gold and silver mining stocks all fighting for visibility. 😉

While I don’t doubt that Gold can run to $3,000 or maybe even $10,000, I’d be happy just seeing Gold take out it’s all time high later this year and get into the low $2,000s next year.

I posted the interview though because I like Dan Oliver and think he has a good grasp of macro economics.

Wait …..before you post it Ex let me add ………Benton Resources.

Ohhh another one came to mind….GoldON Resources

Nicely done Wolfster!!

Rather than pay the price for great bear when I missed its big initial run,I thought I’d see if there was another possible one that hadn’t run yet…..of course just buying gbr any time since marchs selloff would have been the way to go……on a small float basis goldon was attractive with only around 17M shares but I hesitate to buy since the property they have an option on is from gbr and I can’t wrap my head around gbr giving up that property unless they already know it’s chances of success are limited.

that is interesting on Goldon. I’ve seen @Goldfinger promoting it over at ceo.ca but haven’t really dug in yet. Yeah, that is odd that Great Bear would option that to Goldon if they felt it was very prospective. However, it could be that they just have too much to explore (which they do) and decided to leverage the exploration by optioning things out other explorers. That is what Balmoral did with Wallbridge, and then it was WM that really hit the big discovery. Maybe Goldon can do the same… Thanks for the info.

Good point with the wallbridge example…..which is on my shopping list as I take profits on ones that have run

On July 6, 2020 at 9:02 am,
OOTB Jerry says:
EX………..THANK YOU VERY MUCH…….for the reply…..and your time….appreciate..

Always glad to share ideas with you amigo.

The Trouble with Conservatives
https://mises.org/library/trouble-conservatives

Along with virtually every Trump supporter, Blazesb would do well to read this one by the fantastic Hans-Hermann Hoppe (pronounced Hoppah):

The Intellectual Incoherence of Conservatism

“Modern conservatism, in the United States and Europe, is confused and distorted. Under the influence of representative democracy and with the transformation of the U.S. and Europe into mass democracies from World War I, conservatism was transformed from an anti-egalitarian, aristocratic, anti-statist ideological force into a movement of culturally conservative statists: the right wing of the socialists and social democrats.”
https://mises.org/library/intellectual-incoherence-conservatism

Thanks John, for the sound advice………

Virus is still BS…….. 🙂

Agreed. Quinton is a force of nature, and if he’s involved as a technical director or board member that already has vetted the project from a geological standpoint in my eyes.

I was in Novo earlier on because of respect for QH, and currently have a healthy and profitable position in Lion One Metals and Precipitate Gold. I’ve been considering Tristar Gold as well.

Thanks Ex:
I am always in a bit of awe when you post. Your knowledge is uncanny.
I use to subscribe to Resource World magazine and have a pretty good knowledge base, but when the Bull went away, so did I. Fortunately I take extensive notes and save everything.
Thanks for everything. I know we have had our past, with that being said I have come to understand your position and have learned about expressing mine.
Once again, Good Luck

Thanks for the kind words and sentiment Johnk, and yes we’ve had our past, but I believe in new chapters, turning the page on the old, and moving forward. I wish you well in your investments and in life as well, and hopefully we can find a few good companies to invest in that allow us to be more prosperous in turbulent times. Cheers!