Gold And Silver Setting Up Another Momentum Base Bottom

September 20, 2019
Chris Vermeulen
TheTechnicalTraders.com


Note from Dudley:
I am also a paid subscriber to TheTechnicalTraders services and encourage you to consider a subscription as well, Chris has been spot on with his projections and gives us a roadmap with his market forecast. The ideal service to supplement your other subscriptions as well as my CommonStockWarrants.com.

Precious Metals Setting Up A Momentum Base Bottom

Investors don’t forget the great opportunities available with stock warrants which will increase your potential gains and greatly decrease your investment cost by at least half.

E.B. Tucker with Casey Research, recently referred to Dudley as ‘the top expert in the field with over 40 years of experience‘ with stock warrants.

“I also encourage you to check out the work from our friend Dudley Baker. Dudley is the founder and editor of Common Stock Warrants. He’s been trading warrants for 40 years and has developed an exclusive database of all stock warrants trading in the U.S. and Canada. We’re paid-up subscribers as well.”

A few examples for you to see the power and leverage
of using stock warrants.

Stock Warrants – Power Point Presentation

 

Jeff Baker
Senior Analyst – Admin/Web Developer
B.Sc. Geological Sciences (UTEP)
Common Stock Warrants & Junior Mining News

Weekend Show – Sat 21 Sep, 2019

Hour 1 – Investing Strategies For Precious Metals, Oil, and Bonds
Full Show

I hope you all enjoy the extended segments on this weekend’s show. We spend a lot of time on the precious metals while also touching on the US markets and bonds.

  • Segment 1 – Rick Bensignor kicks off the show with his outlook on the US markets, bonds, gold and oil.
  • Segment 2 – Doc shares his outlook for gold and silver.
  • Segment 3 – Jeff Christian, Managing Partner at the CPM Group shares his insights on the buyers coming into the metals markets and some other internal data.
  • Segment 4 – Josef Schachter updates us on the oil market and his upcoming conference in Calgary on October 19th. Click here for more information on the conference which I will be attending.

Excursive Company Interviews This Week


Segment 1
Segment 2
Segment 3
Segment 4

Jordan Roy-Byrne – Technical Commentary on the Metals – Wed 18 Sep, 2019

Balancing the trends for gold and silver outside of the short term Fed driven volatility

There is no doubt we will see some volatility on the back of the Fed statement and Powell’s press conference. However it is important to understand the major trends and drivers in any market.

Jordan Roy-Byrne and I look at the longer term charts for gold, silver, and gold miners to get a handle on what the next few months will look like. These metals have been a great run due to central bank easing expectations. However over the past couple weeks the bond market has experienced a major shift along with some inflation data that has investors pairing some of these extreme expectations. We discuss all of this while focusing on gold and silver.

Click here to visit Jordan’s site – The Daily Gold.

Golden Arrow shareholders back sale of Puna Operations

The shareholders of TSX-V-listed Golden Arrow have voted in favour of selling the company’s 25% interest in Puna Operation, Argentina, to joint venture partner SSR Mining for C$44.4-million. Of the votes cast by proxy with respect to the transaction, a total of 51 458 485 common shares of Golden Arrow shares were voted in favour of the transaction, representing about 94.62% of the votes cast by proxy on the resolution.

David Erfle – Gold Market Commentary – Tue 17 Sep, 2019

Geopolitics pushing gold higher but a Fed statement tomorrow could have the PMs moving lower

Dave Erfle, Founder of the Junior Miner Junky joins me to look at the bounce in gold this week on the back of the oilfield bombings over the weekend. The bounce in gold and silver is nice to see but has not been a skyrocketing move. There are a couple reasons for this which we discuss. Still all eyes will be on the Fed statement tomorrow and with the set up in US markets and some of the recent data we could see a more hawkish Fed even with a rate cut.

You can even hear baby Gigi in the background at the 8-minute mark sharing her thoughts 😉

Click here to visit Dave’s site and at least sign up for his free email list.

Get Gold and Silver Before Middle East Devolves into Civil War

News out of Saudi Arabia today and tensions in the strait of Hormuz for months has been signaling to astute investors be careful of a geopolitical black swan coming from the Middle East.  This could be a game changing event in the Middle East today as oil and precious metals soar on today's news that there was a "Drone Attack on Saudi Oil Field".

For weeks now I have been noticing with lots of small cap oil stocks despite hitting new lows there was a big pickup in insider buying.  Now many of these junior oil stocks could run higher.  I'm also thinking the entire energy complex including our beaten down battery metals stocks could start bouncing higher too as oil prices spike higher.  Notice the recent move of this little cobalt stock above the 200 DMA last Friday.

The fighting between the Shiites and Sunnis is centuries old and won't be solved in the next few weeks, months or years and probably not in our lifetimes.  The USA economy has already been under pressure and rising oil prices could be another big blow to a US manufacturing industry staggering into a possible economic recession.

The Fed meets this week and will probably lower rates again to keep the real estate and stock market propped up despite a declining yield curve.  Remember the Fed has put possibly billions into pushing up markets to a historic overbought condition through manipulating rates to record low levels yet these low rates haven't stimulated factory and wage growth stats show anemic growth.

Mortgage rates are at all time lows and Americans are once again leveraging themselves again into 401k's and real estate.  I am concerned that younger investors who haven't gone through the financial crisis are repeating the same mistakes of the past which is buy houses all on credit with no savings reserve.  Once the house of cards comes crumbling down and foreclosures start again we could see another housing crisis.  Most urban areas are unaffordable at the moment to the middle class.  But those of us who have been around knows that with time those imbalances get corrected through real estate crashes.

Negative rates and soaring US debt has placed the country on an unsustainable path where either they cut government spending and entitlements or devalue the currency completely.  Our politicians in DC are doing whatever they can to keep the US dollar down but everyone else in the world is doing something similar in this race to debase.  China, South Americans and the Europeans are winning that race now.

However, even China is suffering with an economic slowdown despite their crashing Yuan.  There are growing concerns of the Pro West supporters in Hong Kong.  Protests have gotten violent showing us there is still a side of China that the West doesn't fully get.

That is why its more important to own gold and silver now more than ever.  For years the major miners have made poor decisions overpaying in risky jurisdictions.  Shareholders have gotten poor with little dividend growth while the management got very rich through options, salary and change of control payments.

Even the gold price moving higher past $1500 USD and into record highs in other fiat currencies has not caused a gold rush into the producers, developers and explorers.  This takes time and confidence that this recent move in gold is here to stay and not just a short term blip.  So far very little money other than Eric Sprott has moved into the juniors and even good exploration results are met with relentless selling.

The money for exploration has dried up over the past generation.  The majors cut their exploration teams back in the last cycle.  Many of the old timers who knew how to mine the gold are gone now into the next world or way past retirement.  The TSX Venture is hitting all time lows while the big banks and Big Board stocks hit all time highs through Government supported share buybacks.  The only answer and turnaround could be a major discovery similar to Hemlo, Eskay Creek or Voisey's Bay to get exploration turned around.

I closely monitor and invest in the junior miners raising money to drill for new discoveries because that is why we are in this sector to make money.  The big money in mining is made in getting in before a discovery hypothesis is confirmed through drilling.  In some cases sentiment in the markets and sector can be so bad that the market doesn't recognize yet the opportunity.  This is where we dig around the press releases and news filing for undiscovered stories not really known yet but could be if they hit on drilling.

1)One of my favorite explorers recently has had some of the best drill results in Canada but for some reason has been hit hard by short sighted sellers despite adding a 3rd drill rig and announcing a winter camp up in Central BC on its 100% owned property.  This exciting explorer is accelerating exploration with this 3rd drill rig.  In my opinion, the adding of this rig and setting up winter camp are the clues in the press release indicating management believes that this system is going to get thicker and higher grade building tonnage.  According to the Chairman, "The continued discovery of very impressive size and grade intervals in the 421 zone in the 2019 campaign are exceeding our expectations."

2)I hear at the Metals Investors Forum in Vancouver conference this little junior drilling right now in the #goldentriangle is run by the Geo who helped build Lumina Copper for billionaire Ross Beaty was a big hit.  They have a target that looks very similar to GT Gold early days and are just starting to drill.  The stock has gotten some recent traction as they made a new discovery sampling over 4 g/t Gold over 100 meters.  This company is going full speed ahead and should start drilling any day now up in the Golden Triangle.

3)Another big turnout at the Metals Investor Forum conference was for this junior that has gotten a lot of interest recently when they announced the start of drilling in Nevada.  This is a new company that is starting to drill within four months of being a public company.   They also just announced DTC eligibility which will allow more US investors to participate.  The property was drilled last by previous operator in 2017 and hit 1.3 g/t over 133 meters.  Recent technical work shows that there could be much more upside.  Let's see what truth machine says in several weeks.  

4) We will be having a new interview with an explorer in the Yukon backed by Newmont Goldcorp hitting exceptional high grade porphyry results right on the road leading up to the Coffee project.  This could be another top takeout target in by 2020.  They intersected 400 m of 1.2 g/t gold in first area tested for a deep porphyry.  New interview with management being published shortly!

Jeb Handwerger is not a registered investment advisor!  Junior Mining Stocks are very risky! Buyer Beware!

Assume Author (Jeb Handwerger) owns shares in featured companies and that I want to sell them for a profit.  Sponsors are website advertisers so that means I have been compensated and have a conflict of interest to help boost awareness of this story. The content of this article is for information only. Readers fully understand and agree that nothing contained herein, written by Jeb Handwerger about any company, including but not limited to, commentary, opinions, views, assumptions, reported facts, calculations, etc. is to be considered implicit or explicit investment advice. Nothing contained herein is a recommendation or solicitation to buy or sell any security. Author is not responsible under any circumstances for investment actions taken by the reader. Author has never been, and is not currently, a registered or licensed financial advisor or broker/dealer, investment advisor, stockbroker, trader, money manager, compliance or legal officer, and does not perform market making activities. Author is not directly employed by any company, group, organization, party or person. The shares of these companies are highly speculative, not suitable for all investors. Readers understand and agree that investments in small cap stocks can result in a 100% loss of invested funds. It is assumed and agreed upon by readers that they will consult with their own licensed / registered financial advisors before making investment decisions. Readers understand and agree that they must conduct their own due diligence above and beyond reading this article. Author is not responsible for any perceived, or actual, errors including, but not limited to, commentary, opinions, views, assumptions, reported facts & financial calculations, or for the completeness of this article or future content. Author is not expected or required to subsequently follow or cover events & news, or write about any particular company or topic. Author is not an expert in any company, industry sector or investment topic. 

 

 

 

 

 

 

 

 

Richard Postma – The Doctor Is In – Mon 16 Sep, 2019

What will it take for gold stocks to catch up to gold?

Doc joins me today to share his thoughts on the moves in gold and gold stocks. While gold has broken to over 6 year highs but the stocks have not been able to break above the 2016 highs. It’s an encouraging environment for the stock but what will it take to drive them to break out?

Weekend Show – Sat 14 Sep, 2019

Hour 1 – Recapping The Beaver Creek Conference and Change In Investing Money Flows

It was a busy week for me at the Beaver Creek conference. I had over 30 meetings which impeded me from recording daily editorials. I’ll be back to it next week with my full slate of guests. 

I managed to record this weekend show’s full hour before traveling home on Friday morning. Most of the show this week is focused on the previous metals and resource stocks. I hope you all enjoy and have a great weekend!

Keep on touch by emailing me at Fleck@kereport.com.

  • Segment 1 – Chris Temple, Founder of the National Investor, kicks off the show by recapping the week. We discuss trade “developments” and the new ECB QE program. We also look ahead to the Fed next week as well as the shift in markets. 
  • Segment 2 and 3 – David Erfle, Founder of the Junior Miner Junky, and I recap the Beaver Creek investment conference we attended this week. We look at the expectations for gold and the stocks that caught out eye… Please note we recorded this in Friday morning. The comments Dave made regarding silver and the levels he was watching were all made before the breakdown happened. It makes the numbers all the more important.
  • Segment 4 – Jayant Bhandari wraps up the show by sharing his trading strategy and a couple stocks he likes. 

Chris Temple
David Erfle
Jayant Bhandari

Fortuna Silver achieves production milestone

Fortuna Silver Mines Inc. [FVI-TSX; FSM-NYSE] said Friday September 13 that it has started pre-production mining at its 100%-owned Lindero gold project in Argentina.

Initial blasting on mineral reserves commenced in early September (2019) and the company said it is planning to build stockpiles of reserves ahead of stacking on the leach pad.

“The start of pre-production mining is one of the important milestones of the project as we go into the final stretch of construction,” said Fortuna President and CEO Jorge Ganoza.

“The Lindero mineralized body presents us with important economic benefits that can be captured right from the start of mining,” he said. “There is no pre-stripping required and high-grade gold mineral reserves will be accessed with a low strip ratio below one in the first year.”

In its first full year in operation, Lindero is expected to produce between 145,000 and 160,000 ounces of gold.

Fortuna is a fast-growing precious metals producer. It already operates two low-cost mines in Peru and Mexico.

The San Jose Mine in Mexico is located in Oaxaca State. It produced 8.0 million ounces of silver and 53,517 ounces of gold in 2018. The Caylloma Mine in Peru, produced 911,309 ounces of silver in 2018.

This year, the company is forecasting consolidated production of up to 9.0 million ounces of silver, up to 54,000 ounces of gold, up to 29 million bounds of lead, and up to 44 million pounds of zinc.

Lindero will be the company’s third mine, and the first in Argentina.

The project is a gold-rich porphyry system located in the Argentinian puna at an elevation of approximately 3,500 to 4,000 metres and 260 km west of Salta City. It takes about 7.5 hours to drive over a road distance of 420 km to the mine city from Salta City.

Lindero is an open pit, heap leach gold project with a completed feasibility study that has received all environmental and other major permits necessary for development. It has been designed as an 18,750 tonne-per-day owner-operated open pit mine with a pit life of 13 years, based on existing reserves.

Power will be generated on site, through an eight megawatt power plant, operated by a local contractor. More than 1,000 people are currently working on construction at the mine site.

For the first year of commercial production, Lindero’s mine plan has been optimized so that the operation will benefit from mining the higher grade mineralization out-cropping that was identified through infill drilling completed in 2018.

The feasibility study is based on a measured and indicated resource of 18.9 million tonnes, grading 0.50 g/t gold, 0.11% copper or 302,000 ounces of contained gold. On top of that is an inferred resource of 8.6 million tonnes, grading 0.38 g/t gold and 0.10% copper, or 106,000 ounces of contained gold. Proven and probable reserves stand at 1.7 million ounces gold.

Lindero remains on track with placement of mineral reserves on the leach pad scheduled for the fourth quarter of 2019 and the first doré bar planned for the first quarter of 2020.

As a result, Fortuna’s consolidated precious metals annual production is forecast in 2020 at between 7.5 million and 8.3 million ounces of silver and between 189,000 to 209,000 ounces of gold. That amounts to between 293,000 to 324,000 ounces of gold equivalent, the company said.

The overall project is 70% complete, and has provided employment for a work force of 2,350 people so far. The operational permits for the explosives magazine and the explosive delivery trucks were received in August, 2019.

All mine equipment is on site and is fully operational.

On Friday, Fortuna shares eased 0.21% or $0.01 to $4.58. The shares are trading in a 52-week range of $3.22 and $6.12.

Chris Vermeulen On Gold, Silver, Miners, Crude Oil, Bonds And Bitcoin

September 12, 2019
Chris Vermeulen
TheTechnicalTraders.com


Note from Dudley:
I am also a paid subscriber to TheTechnicalTraders services and encourage you to consider a subscription as well, Chris has been spot on with his projections and gives us a roadmap with his market forecast. The idea service to supplement your other subscriptions as well as my CommonStockWarrants.com.

Chris Vermeulen On Gold, Silver, Miners, Crude Oil, Bonds And Bitcoin 

Investors don’t forget the great opportunities available with stock warrants which will increase your potential gains and greatly decrease your investment cost by at least half.

E.B. Tucker with Casey Research, recently referred to Dudley as ‘the top expert in the field with over 40 years of experience‘ with stock warrants.

“I also encourage you to check out the work from our friend Dudley Baker. Dudley is the founder and editor of Common Stock Warrants. He’s been trading warrants for 40 years and has developed an exclusive database of all stock warrants trading in the U.S. and Canada. We’re paid-up subscribers as well.”

A few examples for you to see the power and leverage
of using stock warrants.

Stock Warrants – Power Point Presentation

 

Jeff Baker
Senior Analyst – Admin/Web Developer
B.Sc. Geological Sciences (UTEP)
Common Stock Warrants & Junior Mining News