Is that another dollar after hours….. Look out…

I’m on cruise control til the end of the month

(LIO) Lion One Discovers Tuvatu Style Lodes at Banana Creek; Accelerates Drilling

20 Jul 2020

https://ceo.ca/@newsfile/lion-one-discovers-tuvatu-style-lodes-at-banana-creek

On July 8, 2020 at 1:49 pm,
OOTB Jerry says:
Just load up and wait………….two years from today…..you will be very happy…..almost guarantee it…… 🙂

Yup! I’ve been just as vocal and continue to say $29-$30 year end if not higher. 21 was smashed and $23-$24 next before this cycle ends and pauses.

You to kind jerry 👏👏👍😃..

$1860 check
$1881-$1883 the bears will come with all they have.. it’s going to be an explosive morning tomorrow at the open.

I said gold monthly would look insane!!

https://stockcharts.com/h-sc/ui?s=BBB.V&p=D&yr=2&mn=11&dy=0&id=p97972754699&a=710499275

Any day now, KTN shall be released…
https://stockcharts.com/h-sc/ui?s=KTN.V&p=W&yr=4&mn=11&dy=0&id=p92977787113&a=684654235

First thought…….since they have never been in the pm market, which guru are they going to listen…..they certainly do not know any expert in the metals…..should be interesting.
I think they are going to be prime…….for the “flash crash”……..lol 🙂

Posted the Kootenay News higher up for Wolfster, but yes I saw that news out for Goldon about their new discovery. I mentioned recently becoming a shareholder so I’m thrilled with the announcement.

_____________________________________________________

GoldON Makes New Gold Discovery at West Madsen within the Key Balmer Stratigraphy that Hosts All Major Deposits in the Red Lake Greenstone Belt

by @accesswire on 22 Jul 2020

Chris Taylor, President and CEO of Great Bear said, “GoldON has just crossed a discovery threshold that many junior companies struggle to reach. These results validate our exploration models, which predicted the Balmer Assemblage would be present on the West Madsen property, projecting west from the Madsen mine. The discovery of gold mineralization in multiple drill holes, including high-grade gold, clearly shows the potential of the project. As GoldON shareholders and future royalty holders of the West Madsen project, we are very pleased to see these positive developments and are looking forward to seeing further drill results from West Madsen, and to testing Great Bear’s other regional exploration targets at the Sobel, Dedee and Pakwash properties.”

https://ceo.ca/@accesswire/goldon-makes-new-gold-discovery-at-west-madsen-within

Yeah I noticed that too….. just have my free shares left thi

I noticed Mexus moving earlier in the week, but today there was virtually no volume, but I show it up 5.41% to $.0039. I’m surprised with them in production now and with the higher gold prices that they aren’t about 2-3 times higher already. They still have to prove to the market that they can keep producing, increase production, and generate revenues for the company, but overall it actually does look like they finally have turned things around. I’m waiting to see if they can make a second run to $.20 but this time hang onto that valuation with the production as a backstop in value.

Need to move there and open a Levi store……lol

Good one bonzo barzini. If Silver goes to $460 then I’m buying a private island and disappearing off the radar, but I’d come meet you for the pig roast at Big Al’s hacienda if that were to happen. Here I am being thrilled with Silver at $22 and again I’ve set my sights far too low. (lol).

no – use beef roast – my guess is that more people are averse to pork than they are to beef – unless they are vegetarian, in which case that’s easy – they can just eat the grass

South African gold stocks have also been plagued with BS from labor unions for the last few years, have treated foreigners and foreign investment with malice, and have hinted at nationalizing certain mines as have neighboring countries the last few years… so yeah investors are avoiding South African for gold plays where there are many better options. Who can blame them?

I feel much better investing in the somewhat risky countries in West Africa like Burkina Faso, Mali, Ghana, Sierra Leon, Ivory Coast, and Senegal because at least for the most part they respect the foreign investment money and improvements to power, water, road infrastructure, school, medicine, and jobs that the mining industry brings to the their communities. There have been nice runs higher in those companies like Roxgold, Teranga, Orezone, West Africa Resources, B2Gold, Sarama, and recently Savary, Cardinal, and Semafo were taken over by larger companies.

It looks like they may be on to something, but all they’ve done so far is the rock chip samples. They are set to start drilling the property before the beginning of August though, so when those results come out that will be proof in the pudding. Most investors that have been jumping in now are trying to get in place before the drills start turning, which isn’t a bad idea.

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(WRM.AX) (WROCF) White Rock Minerals – July 22, 2020

Exploration Update: Last Chance Gold Target, Alaska

https://wcsecure.weblink.com.au/pdf/WRM/02257280.pdf

Thanks, Ex.

Too early, yet for me.

That name is familiar. Wasn’t he part of that Donner Metals which was a fiasco I lost a lot of money on

Impact chart enclosed…..

Right on, Glen. You’ve been just as bullish privately as publicly and obviously nailed it.

I bought back some IPT this morning, btw. Average price: 1.055

No, sorry it didn’t clarify things Glenfidish, and if you mischaracterize what I said and you really are “all ears” then let me clarify where your misunderstanding is about what I’ve repeatedly said. Also neither you nor anyone else was calling for the 2016 high to be demolished in one step by over $.40 yesterday or this insanely strong move today despite all your forcasting and adjustments. That is all I was saying when people were patting themselves on the back up above like you were expecting this extreme of a move up this week. Nobody was claiming or stating that last week, but most of us were incredibly bullish coming into this week.

You just wrote:

“You mentioned 19 and then 21 and change many times with what i perceived as “ a sense of caution and fear” I for the record never felt that one bit. ”

That is not a true representation of what I said at all. I stated a half dozen times in the last few weeks that I was very bullish on Silver, much more bullish on Silver and the Silver stocks than Gold or the Gold stocks, and that the first line in the sand was a close (and preferably a weekly close over the 2019 high of $19.75) and I was very specific about that (not just tossing out $30 or $35-$45 for next year which are not nearly as relevant to where silver was or the levels to watch).

I mentioned clearly in a half dozen posts that if Silver could close above that key $19.75 level on the weekly that it would be very bullish indeed, and it absolutely has been. I mentioned the next key target would be $21.23 (again very specific and done far in advance of it happening — something you keep claiming to be the only one doing, which is also not true.)

I’m not going to go back to early June or the nearly dozen posts where I put these same thoughts and figures out over and over because I don’t have time, and anyone that has been following anything I’ve been stating about Silver will know that is precisely what I’ve been saying. However here is a post from last Friday in a discussion I was having with Ozibatla (who you snapped at last week for daring to doubt Silver will get to $30 by year end).
_____________________________________________________________________

>> On July 17, 2020 at 9:47 am,
Excelsior says:

“Agreed Ozibatla. There is significant resistance at about $26- $26.50 for Silver, so I’d be surprised to see Silver at $30 by year’s end, but if it really piled on caused a massive short squeeze then it is possible, just not as probable.”

“Again, targets like that are getting way ahead of themselves, as Silver is still having the daily knife fight with last year’s high of $19.75. It would be technically very bullish to close today on the weekly candle above last year’s high, and earlier it got up to $19.78, and then currently is 2 ticks below it at $19.73.”

“Let’s see Sllver close above $19.75 today, which sets up the next upside line in the sand – the 2016 surge high of $21.23. Once that level is cleared definitively on a closing basis, then the real fireworks can start, and a move to mid $20’s will be possible.”

(So there you go Glenfidish, I’d say that was pretty specific and read that last line again if you are still confused.)

_____________________________________________

I wrote back to Ozibatla about how bullish this weekly close was for Silver.

>>On July 17, 2020 at 1:19 pm,
Excelsior says:

“Silver closed exactly at $19.75 today. It would have been nice to see the weekly close at $19.76 or higher, but hell it is still a very bullish move and weekly close.”

I followed it up to correct & update the message to Ozibatla with this final message, once Matthew pointed out Silver actually settled at $19.76 on the weekly.

>> On July 17, 2020 at 2:30 pm,
Excelsior says:

“Update: Correction, Stockcharts is showing Silver closing at $19.76. It was above it’s 2019 high of $19.75 several times this week, and that’s the highest weekly close in 4 years. Very constructive for Silver.”

http://schrts.co/jBYFkCxQ

So Glenfidish does any of that seem unclear or sense of fear? Absolutely not.

Weekly:
https://stockcharts.com/h-sc/ui?s=%24USD&p=W&yr=6&mn=0&dy=0&id=p51181329097&a=787551484

GLD:SLV is back to its September ’19 level:
https://stockcharts.com/h-sc/ui?s=GLD%3ASLV&p=D&yr=1&mn=3&dy=0&id=p49505378746&a=782237616

This bull market is still in its infancy.
GLD vs TLT:
https://stockcharts.com/h-sc/ui?s=GLD%3ATLT&p=W&yr=7&mn=11&dy=0&id=p52269939755&a=576544699

That’s awesome Matt!

The strength has been incredible and the pullbacks short and quick climbing that wall.
Keep us posted Matt as to short term time frame and overall longe term.

You mentioned yesterday or day before that the charts were showing you something that made you start thinking the run will extend pass summer. If you get a chance could you break that down.

My stance has been mid August possible top for the cycle gold. However we have options next week that cfs raises and Is like to know your perspective combined with chart/options if we will get hit very soon for a meaningful correction..

Also I know you like watching al time frames and averages but which average do you like most when correction has started? For example daily, weekly or monthly.. I guess I ask which do you find most reliable.

Cheers

Glenfidish, I think you bring value as well man, but you keep going after me in your comments and then mistating what I said. That is frustrating to anyone that has their words twisted around.

As a reminder, you got bent out of shape when you thought I or other users had misquoted you, but now it’s a jab to you if I clarify what I said and reposted the exact passages to clear up any confusion on whether I have been bullish on Silver?

Look, what I have been writing has been the same thing since early June, and what I wrote on Friday is posted up above clear as day for you or anyone else to read. If you go and reread the comments I posted on Friday or any of the similar messages on prior blogs the message has been consistently bullish.

> For the record I could care less about anyone making “balsy calls” and I’ve shared the info on what I was looking at technically over and over again in the spirit of sharing the info, helping others know what resistance levels to look for in a bullish confirmation, and because you keep asking me, but then restating back to me what you think I’ve said inaccurately. So I posted the same message to you now over and over again.

I have been bullish on Silver, celebrated Friday’s weekly close at $19.76 above the 2019 high of $19.75, stated the next line in the sand was $21.23 over and over, and that after that real fireworks would start in the miners when Silver gets up into the low $20s. That was all way in advance. For over a year I’ve stated that when (not if) Silver gets over the 2016 high and north of $22 that all the producers will be making money (even the higher cost ones like Santacruz and Endeavour Silver), and so it’s all been said a million times. I’m not sure where the confusion on your end is coming from.

Regardless, as I stated I appreciate your thoughts and opinions, and hope to hell that Silver does make it to $30 by the end of this year, as I’m loaded to the gills in Silver stocks. I’ve been bullish on Silver all year, and bought as many Silver stocks as I could from mid-March to April, and have been having the best year every, have the highest account value ever by a landside, and had my 2 best trading days ever on Monday and Tuesday. I’m thrilled with the action in Silver amigo, but still believe there will be some serious overhead resistance to contend with at the $26 – $26.50 level so I’ll be surprised if Silver can make it up to $30 by year end. If it does then great. I could care less if it gets there in 2020 or 2021 because it will get here, and in the meantime there are huge gains being made in the miners, which is all I really care about when tracking the metals prices anyway.

Ever Upward!