Tue, 17 Sep 2019

Explorer Eagerly Awaits Results of Summer Drill Program in Prolific Quebec Mining Area

Source: Streetwise Reports   09/17/2019 Property receives first drilling in more than a decade.Black Tusk Resources Inc.'s (TUSK:CSE; BTKRF:OTC) 100%-owned Golden Valley property is located in the highly prolific Abitibi Greenstone Belt in northwest Quebec. The belt has produced more than 100 mines and 170 million ounces of gold since the early 1900s. Golden Valley is in a world-class mining area, located about 26 kilometers from the Casa Berardi Mine, operated by Hecla Mining Company, that has produced more than 1.9 million ounces of gold since 1988. Black Tusk is drilling to verify and expand upon the more than 4,000 meters of drilling conducted historically on the property. One highlight hole drilled by Noranda Inc., LAB87-B2, returned: 0.91 gram per tonne (g/t) gold over 13.3 meters (51.3 meters to 64.6 meters), including 1.82 g/t gold over 4.5 meters from 57 meters to 61.5 meters, including: 1.4 g/t gold from 57 meters to 58.5 meters; 2.15 g/t gold from 58.5...
Mon, 16 Sep 2019

Idaho Gold Developer Demonstrates Post-Tax 53% IRR

Source: Bill Powers for Streetwise Reports   09/16/2019 Bill Powers of the Mining Stock Education podcast discusses the news flow from this junior explorer.At the 2019 Beaver Creek Precious Metals Summit last week in Beaver Creek, Colorado, I had the opportunity to meet one-on-one with numerous junior mining management teams. Due to a rising gold price environment, the expectation and general mood among the management teams was much more positive than the previous year. While there, I interviewed Craig Lindsay, president and CEO of Otis Gold Corp. (OOO:TSX; OGLDF:OTCMKTS), along with Alan Roberts, who serves as the company's vice president of exploration. Craig summed up the sentiment at Beaver Creek as such: "This is my third year in a row of coming here and it's great to see a bunch of new names in terms of investors—institutional investors and high net worth investors. There's pretty much every major mining company here looking for projects. That tells me that...
Sat, 14 Sep 2019

Global Insanity Prevails

Source: Michael Ballanger for Streetwise Reports   09/14/2019 Sector expert Michael Ballanger uses storytelling and personal experience to unpack the myths and machinations behind the precious metals and financial markets."Destroyers seize gold and leave to its owners a counterfeit pile of paper." —Ayn Rand Why don't we start things off a tad differently this evening? Let me relate to you all a parable from the Book of Quantitative Easing where all is good and noble in the world of government oversight, the most widely used oxymoron in the history of mankind. Granny Smith, now in her late nineties, wakes up one morning and finds that her dear husband for nigh-on seventy years has gone on to meet his Maker. But alas, as distraught as one would expect her to be, she is covertly delighted because, well, old Egbert Smith was not exactly the man she married and being forced to change his diaper and his bedsheets each night had grown both tiresome and difficult. When...
Thu, 12 Sep 2019

When Will it be Safe to Jump Back into the Gold and Silver Pool?

Source: Bob Moriarty for Streetwise Reports   09/12/2019 Bob Moriarty of 321 Gold discusses what the Daily Sentiment Indicator is saying about the precious metals markets.Once again the DSI (Daily Sentiment Indicator) made an accurate call on a major top in gold and silver. The DSI reached nosebleed territory for gold about four weeks ago suggesting the metals were nearing shoal waters. Silver and platinum got stupid a week ago and I suggested a correction would be timely. Investors should remember that when someone writes a recommendation or makes a comment no matter whom it is, they are expressing an opinion. I don't give a damn how many facts or figures someone uses, it's an opinion. But in my experience the use of the Daily Sentiment Indicator has proven very accurate calling the top in the stock market in 2018 and the bottom in late December. Now, once again it has identified a tradable top. People got way too bullish on the metals. All I saw and heard was a...
Tue, 17 Sep 2019

Rating, Target Upgraded on Gold Mining Major Undergoing a Turnaround

Source: Streetwise Reports   09/17/2019 The reasons to be optimistic about this company are covered in a BMO Capital Markets report.In a Sept. 11 research note, analyst Andrew Kaip reported that his firm BMO Capital Markets upgraded its rating to Outperform and raised its target price to $50 per share from $40 on Newmont Goldcorp Corp. (NEM:NYSE). Driving those positive changes are BMO's improved outlook for the mining company and the precious metals over the next roughly three years. "Newmont Goldcorp is in the early stages of a turnaround, and we see the risk-reward as compelling, supported by a valuation discount we expect to begin to narrow as the company executes against its strategy," Kaip added. The U.S.-based miner's stock is currently trading at about $39.84 per share. Also, Kaip presented the primary reasons why the market is likely to rerate Newmont Goldcorp. One, its management team targets stable production, of 6,000,000–7,000,000 ounces, over the...
Tue, 10 Sep 2019

Red Lake Explorer Keeps Making Discoveries

Source: Maurice Jackson for Streetwise Reports   09/10/2019 Chris Taylor, CEO of Great Bear Resources, talks with Maurice Jackson of Proven and Probable about his company's exploration efforts in Canada's prolific Red Lake District.Maurice Jackson: Joining us for our conversation is Chris Taylor, the president, director and CEO of Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTC). Pleasure to be speaking with you today to share the value proposition before us in Great Bear Resources. Before we delve into project specifics, Mr. Taylor, please introduce us to Great Bear Resources and what is the opportunity you present to the market? Chris Taylor: Great Bear is a Canada focused high-grade gold explorer. Our project, the Dixie property, is located in the Red Lake District of Ontario, which is quite famous for being probably the premier high-grade gold district in the country. Maurice Jackson: Speaking of opportunity, I think you're being quite modest here. Great Bear...
Mon, 09 Sep 2019

Exploring for Copper in Major Belt in the Yukon

Source: Maurice Jackson for Streetwise Reports   09/09/2019 Tim Johnson, CEO of Granite Creek Copper, speaks with Maurice Jackson of Proven and Probable about his company's exploration activities in the Yukon.Maurice Jackson: Joining us for conversation is Tim Johnson, the president and CEO of Granite Creek Copper Ltd. (GCX:TSX.V). Pleasure to be speaking with you today regarding the value proposition before us in Granite Creek Copper. Before we delve into project specifics, Mr. Johnson, please introduce us to Granite Creek Copper and what is the opportunity you present to the market? Tim Johnson: Granite Creek Copper is a member of the Metallic Group of Companies; that's a group that identifies what we see as undervalued opportunities. In Granite Creek Copper's case we've acquired a large brownfields land position in the Minto Copper Belt in Yukon, Canada. It's a type of thing that you can acquire at the low part of the market, which we think we are for copper,...
Mon, 09 Sep 2019

Technical Analyst: Significant Correction for Gold Has Started

Source: Clive Maund for Streetwise Reports   09/09/2019 Technical analyst Clive Maund discusses the factors he sees pulling gold down.Although a major precious metals sector bull market has certainly started, various fundamental and technical factors came together last week to suggest that a significant correction to the recent strong run-up has now started. The main fundamental development was the announcement that there will be a Trade War summit between China and the U.S. early next month, with hopes being expressed that this may lead to compromise or some kind of truce. Whilst the chances of improvement may be slim, the market has got what it wants for now which is hope, and this hope should continue at least until this meeting, which provides the excuse for the markets to go "risk on" until then, which is why the stock market broke higher last week, delaying but not eliminating our crash scenario. A return to "risk on" is clearly not good for the precious metals,...
Mon, 09 Sep 2019

Silver's Sharp Reaction Back

Source: Clive Maund for Streetwise Reports   09/09/2019 Technical analyst Clive Maund charts silver and explains why he believes it hasn't hit a final top.Silver reacted back sharply on Thursday and Friday after a parabolic blowoff top. This was not a final top, but it does indicate that silver needs to take a rest and consolidate/react back, probably for at least several weeks. The latest silver COT is also showing a 1-year record extreme for positions, giving grounds for caution… Click on chart to pop-up a larger, clearer version. Although the longer-term Hedgers chart for silver is not at the extremes that it reached in 2016 and 2017, readings are also at levels that give grounds for caution, especially considering that silver just did a parabolic slingshot move. Click on chart to pop-up a larger, clearer version. Chart courtesy of sentimentrader.com The conclusion is that silver has started a corrective phase, and, given the nature of the beast,...
Mon, 09 Sep 2019

Wounded Animals, Indeed

Source: Michael Ballanger for Streetwise Reports   09/09/2019 Sector expert Michael Ballanger offers his observations of recent activity in the gold and silver markets."The permabulls will tell you that the bullion banks and their treasury department conspirators have lost all power in this 'new paradigm' and we should relax and refrain from worry. I tend to disagree because wounded animals are the singular most dangerous of all creatures on this debt-ravaged planet, and with gold at $1,552, these cartel cretins are now wounded, angry and very desperate animals."—Michael Ballanger, Sept. 2, 2019; silver at $19.00 one day before the top OK, so now that there is zero doubt surrounding the recent demise of the bullion banks, I was reminded yesterday (amidst the gnarling and gnashing of many a silver bulls' incisors) of a famous Mark Twain quote surrounding rumors of his passing: "The reports of my death are greatly exaggerated." That is exactly the reply of the criminal...
Wed, 11 Sep 2019

Analyst Raises Target Price of Canadian Miner Given 'Continued Momentum'

Source: Streetwise Reports   09/11/2019 Key points management made on a recent investor tour are presented in a BMO Capital Markets report.In a Sept. 5 research note, analyst Andrew Kaip reported that BMO Capital Markets raised its target price on Pretium Resources Inc. (PVG:TSX; PVG:NYSE) to CA$24 per share from CA$20 given that "we continue to see upside for shares of Pretium." After BMO took Joe Ovsenek, CEO, and John Hayes, senior vice president of corporate development, through Toronto to meet with investors, Kaip wrote, "we sense investors are beginning to become more comfortable with the company's execution and are now more focused on future priorities such as upcoming catalysts." In his report, Kaip summarized the highlights from management's comments. 1. As for H1/19 performance, Pretium is expected to increase production quarter over quarter and achieve its H1/19 guidance of 170,000 ounces (170 Koz) gold along with its 2019 guidance of 390–420 Koz. 2....
Thu, 05 Sep 2019

Silver, Gold and Platinum Are Due a Break

Source: Bob Moriarty for Streetwise Reports   09/05/2019 Bob Moriarty of 321 Gold explains what one indicator is showing for the precious metals.When you are climbing the steepest of mountains, especially at high altitudes, it can be tiring. If you start getting a nosebleed, you are simply working too hard and need a break. The DSI (Daily Sentiment Index) on gold hit 97 four weeks ago and while it has struggled to keep up with its fellow climbers with their burst of speed, both silver and platinum are starting to look shaky. On September 4th the DSI for silver hit 95 for the 2nd day in a row while platinum vaulted to 94. Those are nosebleed readings. With $17 trillion in sovereign debt around the world showing negative interest rates the old saw of "gold doesn't have a return" has changed to "gold doesn't lose money for holding it." Indeed Central Banks around the world have been net buyers of gold for the last ten years. I suppose I will have to change my tune...
Wed, 04 Sep 2019

Investment Contrarians: To Be or Not To Be

Source: Michael Ballanger for Streetwise Reports   09/04/2019 Sector expert Michael Ballanger shares his dilemma in the face of a precious metals bull market.With due deference to the greatness of William Shakespeare, the opening line of Hamlet is one that has been found not only in literature, but in film, music and politics, and is a question that has been asked for centuries as to whether the pain we endure in life is preferable to the calm found in the "sleep of death." Likewise, whether the agony of nervous elation we have been experiencing on the long side of the precious metals markets is preferable to the safety of the profit-taken sidelines is yet another question of Shakespearean magnitude as gold and silver are now in areas of extreme synonymous with tops in 2011 and 2016. As I wrote about in June, "when conditions change, I change," and just as it appeared as though the commercial cretins at the bullion banks were about to reject gold's probe above the...
Fri, 06 Sep 2019

With Its Val d'Or Assets, Exploration Company 'On Track to Get Serious Attention'

Source: Streetwise Reports   09/06/2019 The recently released resource estimate and other reasons why this Canadian firm makes a premium takeout target are provided in an iA Securities report.In a Sept. 3 research note, iA Securities analyst George Topping reported that the size, potential and location of Probe Metals Inc.'s (PRB:TSX.V) Val d'Or projects in Quebec put the company on "producers' mergers and acquisitions screen." "Probe has the largest Val d'Or land package and now the largest resource in the camp, which elevates it to a premium takeover candidate," the analyst added. That just released resource estimate totals 2.6 million ounces at an average grade of 1.9 grams per ton (1.9 g/t) gold. About 70%, as opposed of the previous 56%, of the resource is open pit at a grade of 1.5 g/t. The grade for the open pit Measured and Indicated resource is 1.7 grams per ton and for the inferred resource, 1.4 g/t. Yet, iA Securities expects the Inferred grade will increase...
Tue, 03 Sep 2019

The Great Precious Metals Melt-Up

Source: Clive Maund for Streetwise Reports   09/03/2019 Technical analyst Clive Maund presents his dystopian view of the future.The distinguishing feature of fiat money systems is that they are licentious—they are created by corrupt politicians so that they can act without restraint by, for example, promising the citizens the earth in order to improve their chances of being re-elected. The population can pick up the tab later in the form of devalued money that buys them less. The current dollar fiat money system was created by then President Richard Nixon in 1971, hardly an edifying character, and, thinking about it, it was very apt that it was him who created it by getting rid of the gold standard. It is inherent in fiat money systems that they self-destruct, since they are essentially fraudulent, their modus operandi being to enable politicians to go on endless spending binges, knowing that society at large will foot the bill as a result of their money being devalued....