Joel Elconin – Market Weakness Continues, Here Are The Key Issues In The Near Term
Joel Elconin, Co-Host of The Benzinga PreMakret Prep Show and Editor of the PreMarket Prep website joins us to focus on now 2 month long pullback in US markets. This week is particularly week with the S&P down over 2.5% and the NASDAQ down almost 3.5%.
We discuss key levels that Joel is watching and what is coming in the near term that could possibly build on the selling.
In a bear market there are so many excellent companies that are mauled and will do really well when the market turns but there are always a very few that start to get the initial POP-UP. Identifying the ones that will get investors excited before the market turns is what I am focused on now. This can be done but it requires being familiar with a lot of different stocks and doing Due Diligence. That is where my attention is focused for now while I wait for the tide to lift all boats. DT
Crescat Capital just released a new video (6 hours ago) and The CEO of Goliath Resources Roger Rosmus is interviewed at the 38-minute mark. DT
Thanks for the heads up DT.
This Goliath Resource find looks huge and it sits next to another great massive mining property that everyone who is an investor is aware of namely Dolly Varden. One has the gold the other the silver. This could be setting up for a massive area play, and if you aren’t focused you may miss out on an equally fantastic opportunity. Dolly Varden has been around for a very long time, and it too is about to POP! Dolly Varden was administered by Herbert Hoover in the early 1920’s, quite a history. Dolly Varden might be the next Ripper! Stay Tuned, I know I am! LOL! DT
Yes, Goliath’s land is right next to Dolly Varden’s projects and so that whole area in the southern tip of the Golden Triangle is looking quite well-endowed from mineral standpoint in precious metals and base metals. Keep in mind that Hecla surrounds Dolly Varden’s claims as well, so there is already one of the big boys operating there, that may be hungry for more feed eventually.
Here is a map of that area for folks to have some reference of the projects for both companies:
Hi Ex, do you have a more detailed map of the area around DV and GOT. I believe Starcore International mines (TSX-SAM) has a big property adjacent to DV. They also have a gold producing mine in Mexico (small stuff) but I would like to see how big and how close they are to DV and GOT. They are on The TSX but selling for peanuts, (11 cents CDN) I am surprised they are still listed on the senior exchange. DT
No, sorry I don’t have any better maps I’ve come across.
I went to the Starcore Int’l site, and they have a map that is odd where North is actually South and all the properties look weird to the eye, and it’s not very helpful.
The map above shows the best connection to Dolly Varden and Goliath in the Alice Arm / Kitsault area.
Thanks for the response, much appreciated as always. DT
I have Ripper Madness! It’s worse than Gold Fever in The Klondike! LOL! DT
I have been “makin” bacon in this bear market! LOL! DT