Doc Jones Discusses Gold Stocks And Energy Companies
Doc Jones, Private Investor, joins us to discuss his macro thoughts on the precious metals and energy commodities, as well as a few resource stocks he likes in each sector
Despite the low sentiment in the gold mining stocks, Doc Jones points out that the underlying metal prices seen in 2021 are still very attractive for producers and the economics of advanced developers. We discuss the gold development companies Millennial Precious Metals (MPM) and Cassiar Gold (GLDC) as two stocks that Doc is constructive on for 2022.
Next we shift over to the energy sector, starting off with macro comments on the oil, natural gas, and the related resource stocks. We highlight NG Energy (GASX) as a company Doc Jones likes for nat gas development and growing production. Lastly we wrap up with the battery metals part of the energy sector, with a focus on the copper, zinc, and silver deposits that Emerita Resources (EMO) continues to explore and de-risk for further growth.
(ITR) (ITRG) Integra Resources: Derisked Growth, Blue Skies Galore In A Tier 1 Jurisdiction – Potential 4-Bagger
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by @bigguboi on 27 Dec 2021
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“Integra Resources (TSXV:ITR, NYSE:ITRG) is a mineral exploration and development company with a single gold-silver project situated in South-Western Idaho near the Oregon state border. The company’s sole project is the DeLamar Project, a past-producing mining area covering 8,100 hectares of which the company holds a 100% interest in. In addition to the DeLamar project, Intergra has acquired the War Eagle property immediately to the South-East of DeLamar as well as the Blacksheep property, a large early stage property immediately to the North-West of DeLamar. The project has M&I&I resources totaling 2,719,000oz Au and 128,754,000oz Ag (4,182,114oz AuEq at 1:80 Au:Ag).”
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https://ceo.ca/@bigguboi/integra-resources-derisked-growth-blue-skies-galore-in-a-tier-1-jurisdiction-potential-4-bagger
Once People Wake Up, The US Dollar Will Collapse | Gold & Silver
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I Love Prosperity w/ Jake Ducey and guest Steve Penny (aka @SilverChartist)
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“In this video, we talk about the collapse of the US dollar, currency crisis, and what this means for the future. Steve gives his best advice for what you can do to prepare yourself, to not only survive, but to also thrive during these challenging times.”
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https://youtu.be/5i7CHT-YgVE
Cory, Shad and Doc Jones: hard to beat at this time of year. Thanks to all. Great professional discussion as usual. Looking forward to 2022.
Volcanic (a Doc stock and Ex possession) had a good day today by my “Schwab price” of +26%. Not sure if that was right but we have to see what Canada does when they return Wednesday.
Thanks Lakedweller2. Yes, Simon and the Volcanic Gold team seem to be onto a new discovery there in Guatemala, and I believe we’ll see more interesting assays as they keep coming back in.
Well I just added more names to my buy list. Lol…….that cgx energy I was told about just over a week ago but had no time to look at it. What a tax loss recovery run that’s had already and now heading into new year with drilling going on. Damn. Add it to the missed it and bitter not buying now list. 🙄
NG Energy moving and close to production…a Doc stock.
Yes I listened to the interview….,cgx was also mentioned by Doc in this interview and is a high flyer that he really likes purely for its potential to skyrocket.
Yeah, Doc Jones threw that CGX Energy in there as a bonus speculative pick, and I was curious to learn more, and noticed it had already had a big rally since he started discussing it over at ceo.ca. As for NG Energy, I had a nice speculative position in it that popped up higher so I took the gain, but I’m watching for any weakness to buy back in, as the company has a big development pipeline of wells that will be coming online in the next 12 months+ that should be quite transformative. A good way to get leverage to Nat Gas prices as well.
Wolfster – what are your thoughts on the pot stocks after the large correction they’ve been in all year long. I was adding more to the ETF (POTX) lately, but was looking at a half dozen individual names that are off 50%-90% off their highs. Many were in the stratosphere and grossly overvalued in the past, but still many have made acquisitions, grown their distribution network, and are more financially sound today then they were during the mania periods, so this sell down is looking more and more attractive to me. What say you sir?
Definitely qualifies as a contrarian candidate at this point….so hard to judge where the real money will be made. Here in Canada they have allowed so many retail stores that its hard to imagine how any are truly profitable…the ones that I still consider potentially the big winners are the large MSO’s still and Planet13 in the US….outside of the US I still have some hope for IMCC which has been slowly acquiring the necessary distribution channels in Israel and Germany…..other than that I have no interest…..the commodities are just too appealing right now especially uranium and PM’s…..and accumulating Doc Jones picks as I marvel at his narrowing selection process that weeds out everything and has solid track record as a result
Wall Street leadership is mostly in the Hamptons or the French Riviera. The “wanta bees” have been left in charge. We may have a good end of year due to limited intervention and loss sales done. Canada closed for two days so OTC probably sucking us in for an alternating day smash or some kind of neutralizing activity that only they know in advance. I am hopeful but cautious…but whatever happens it will favor the bullion banks. Just my “downer” thoughts. Criminals do not stop being criminals until it is not rewarded. Nothing says they won’t continue to be rewarded.
Big red candle on gold a few minutes ago. There is our answer about today…got to slap us back from having a good Monday.
Algo walk down all day.
Deja vu until it’s not….
“It’s like déjà vu all over again.” ~ Yogi Berra
AR and IAG have p/b ratio much less than one. Any others come in that low?
As I mentioned plenty of times before terry, my biggest holding remains iamgold and it has always been one of if not the first out of the gates when it comes to a “ long term” fundamental bottom. It’s simple and classic and it’s no different this time around.
I watched recently a video of 4 of the top mining giants in the business including Peter schiff, Rick rule and two others. Rick rule mentioned this few months back that the mid tier/mid cap to slightly large cap would lead the way and those would be the best leverage including there dividend in the current times. We in here obviously know the small or speculative move later which is already happening.
My point is with almost 750 million cash on hand a position that leaves them as possible purchasers of which they have a history of doing and strong backing of institutions and funds they are well aligned.
Here is what they have going for them.
1. Strong management team imo
2. 750 million cash on hand
3. A very respectable 460-480 million shares outstanding
4. Current output of 615,000 millions ounces of gold per year
5. Price to book= outstanding imo
The market clearly has shown its feelings towards iamgold and it has been on a great run as of late. Really showing its strength coming into the new year turn. This puts iamgold into the drivers pole position with its new mine “Cote” project ready to commence production in one of the most safest countries in the world . Considered by its peers to be very low cash cost for production. Cote is going to take iamgold back to we’re it was years back and into that large cap boarder line production company. At an annual estimates and conservative 315,000 ounces per year that would put iamgold around 920,000 ounces of production per year in 12-18 months from now. We all know we’re gold is going to be so you do the math. This is a no brainer imo and will be a big winner. I also expect from pass tradition that a possible dividends structure unless they decide to purchase another producer with there 750,000 then iamgold could be a 1.2/1.3 million ounce producers by 2023/2025
So Glenfidish, you think IAG would be Floyd Odlum’s pick of the PM miners.
Hi Terry,
It could well possibly be but I’m sure there are other plays just as strong that could out perform. From my perspective I just know how iamgold trades and it’s tendencies because I’ve been with it for so long. This does not
Imply that pass performance will be the same in the future but I like to play those odds and feel comfortably doing it until I see something that changes.
As Matthew would say or use in his point figure chart, I have iamgold and most miners going to previous highs but one move at a time.
In conclusion i think the price we pay today would pay a huge premium and upside regardless of if we did head slightly lower. The price we pay today is an insurance policy of what’s coming and when the massive crowd figures this out, I have no doubt the ones who did not enter here under fear will be the ones chasing and pushing those premiums higher.
Nice summary Glen……getting into Ex territory with the length.lol
Thanks wolf for your support 👍
It’s always nice to get your perspective as you have a wealth of knowledge in all sectors.
Haha yes ex has his way of writing long perspective of his views as well as sharing important quotes and info that we all use and store.
Cheers buddy
😉
Like the stealth like movement of gold and how it’s moving while many on holidays.
From my lenses we will be attacking 1828-1832 region somwhere around there give or take.
I’m expecting some miners to make big movements possibly out of the gates tomorrow on the tsx exchange. Maybe a quick pop pup to end the monthly candle in a good position then a quick take down but a “ buy the dip” scenario imo not investment advice.
We are in a buy the dip or correction imo and the pastures look good and the runway is aligning itself. Gold will have its time shortly and so will these miners
Btw I don’t think it every got posted but Orezone got moved up to the big board….I see big things for this one in 2022 and still hold it through the warrants
Beware: Massive topping at low levels for PMs, Uranium, and Oil. More later.
General Markets:
DIA at MaxSat(7) lower high.
QQQ at MaxSat(7) lower high.
SPY at MaxSat(7) new high.
All are currently falling.
Long SPXS. Close stop.
Added. Now 23%.
Sold. Too slow.
Copper Lake and Dolly Varden are sneaking around and have gone positive while no one is looking. FWIW
I had a sweet stink bid fill in copper lake this Tuesday morn. I sure didn’t expect it.
What is with Nobel Resources and the huge Central Target…Copper juniors are ready to explode
Makes you think the computer is the only one that showed up for work.
Some interesting spreads on some of the miners. Appears they wish to discourage trading.
Santacruz having a “pop” like Volcanic did yesterday…for no reason. This must be a Xmas theft game insiders are playing while Wall Street sleeps.
Very suspicious: Someone made a buy or sell of 63,230 shs of Santacruz at 3:25 EST at a price of .29 when last sale was at .24. Current price is .22.
Walk down continues…
Nobel showing a 26% decline… They appear to have set a wide spread, then hit the low end. Nothing up yet on how many shares. Games…
David, I think you should forget about what these resource stocks trade for when The CDN Market is closed, it just isn’t relevant. DT
Yes, that’s very true for the TSX Venture exchange listed entities.
Yeah…I know everything will reset to whatever happens on the Canadian. I just like to state displeasure when stuff seems corrupt. Can’t ever fix it if it is accepted. US is corrupt across all markets. I write politicians on a regular basis to let them know that they suck.
One of the things you can do is trade at the OTC prices while Canada is closed and that can matter.
As Good As It Gets
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By Monica Kingsley / December 27, 2021
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“S&P 500 and risk-on assets continued rallying, pausing only before the close. Santa Claus delivered, and the final trading week of 2021 is here. With the dollar pausing and VIX at 18 again, we‘re certainly enjoying better days while clouds gather on the horizon – Thursday‘s inability of financials to keep intraday gains while yields rose, is but one albeit short-term sign. The Fed is still accomodative (just see the balance sheet expansion for Dec – this is really tapering), didn‘t get into the headlines with fresh hawkish statements, and inflation expectations keep rising from subdued levels.”
“Importantly, bonds prices aren‘t taking it on the chin, and the dollar hasn‘t made much progress since late Nov. Both tech and value are challenging their recent highs, and the ratio of stocks trading above their 200-day moving average, is improving. The same for new highs new lows – the market breadth indicators are picking up. We haven‘t seen the stock market top yet – the rickety ride higher isn‘t over, Santa Claus rally goes on, and my 2022 outlook with targets discussed that a week ago.”
“Precious metals are extending gains, and aren‘t yet raging ahead – the picture is one of welcome strength returning across the board. The same goes for crude oil finally rising solidly above $72 as the omicron fears are receding in light of fresh incoming data including South African policies. It‘s only copper that‘s now reflecting the prospects of real economy slowdown. At the same time, the crypto rebound last week served as a confirmation of broad risk-on advance.”
“Let‘s move right into the charts…”
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https://monicakingsley.co/stock-trading-signals/2021/12/27/as-good-as-it-gets/