#Silver stocks - Horrible downtrend but the time to buy is when blood’s on the street...

At the bottom of the precious metals downtrend, in late 2015 early December 2016 (Fig. 2), The Silver 7 Index was just below 200. Subsequently silver traded up to US$ 20 per ounce by summer 2016 from US$ 15 (+ 33%), but the Silver 7 Index reached a top in summer 2016 of 925 (+360%).

Silver stocks - Terrible downtrend but maybe now it's time to have a serious look at them

Attachment 1 shows a medium-term chart of the Silver 7 Index. It is an index of so called silver stocks although most of the companies in the index have the majority of revenues from gold.

In alphabetical order these stocks are: First Majestic Silver, Coeur Mining (formerly Coeur d'Alene), Hecla Mining, PanAmerican Silver, Peñoles, SSR Mining (formerly Silver Standard) and Wheaton Precious Metals (formerly Silver Wheaton). What is true is that all these companies are producing a substantial amount of silver.

Silver stocks historically have always been more volatile than gold stocks, as silver, as a commodity, is much more volatile than gold in the markets.

 At the bottom of the precious metals downtrend, in late 2015 early December 2016 (attachment 2), silver traded around US$ 15 per ounce. The Silver 7 Index was just below 200. Subsequently silver traded up to US$ 20 per ounce by summer 2016 (+ 33%) and the Silver 7 Index reached a top in summer 2016 of 925 (+360%).

One doesn't need to be a mathematician to figure out what investors have to own when the precious metal markets are turning up. Even if silver goes to US$ 50 per ounce as so many "bla, bla, bla writers" (read website talkers) are predicting, that is around 240%, silver stocks will outperform the physical silver by milestones.

 BUY LOW - SELL HIGH. That is the way to make money. Silver stocks are cheap, out of fashion, and deeply oversold.

That is the time when the astute investor starts to build positions. It probably will take time until the big bull market gets going but the rewards will probably be extremely high.

 We have chosen the Silver 7 Index because it is composed of the larger silver producers and an index, which gets regularly published, although it cannot be traded.. However, there are many more silver companies, and to be fair, we list some of them below: 

Fresnillo

MAG Silver

Endeavour Silver

Fortuna Silver

Silvercorp

Avino Silver and Gold

SilverCrest Metals

Excellon Resources

Impact Silver

Silver One Resources

Great Panther Silver

Aurcana Corp.

Minco Silver

New Pacific Metals

#Hyperinflation: currency tranquility occurred during the heyday of the #gold standard. With the emergence and adoption of fiat currencies, the 20th century ushered in currency instability and #inflation.

The first hyperinflation occurred during the French Revolution (1789-96) when the mandat collapsed and the monthly inflation rate peaked at 143% in December of 1795. More than a century elapsed before another episode of hyperinflation occurred. Not coincidentally, this period of currency tranquility occurred during the heyday of the gold standard. With the emergence and adoption of fiat currencies, the 20th century ushered in currency instability and inflation. Indeed, since 1900 there have been 57 episodes of hyperinflation. And, five of those episodes can be claimed by Yugoslavia, Zimbabwe, and Venezuela. 

Read the article here: The Three M's: Milosevic, Mugabe, And Maduro
https://www.forbes.com/sites/stevehanke/2019/05/13/the-three-ms-milosevic-mugabe-and-maduro/

bit.ly/MasterMetals

.@SolGold_plc Coangos #Copper #Gold Project #Ecuador Update

Good results from @SolGold_plc's Rock chip samples and from a 200x1m long Breccia on the Coangos Project. Now time to drill and see what's below...

Breccia sample from Anomaly 2 - 27.98% Cu, 227 g/t Ag, 0.98% Zn

From 1.6 Billion to 7 Billion in a Century: How the Earth's Population Exploded

Turning Nitrogen from the air into Fertilizer for our food has been, possibly, the most important invention in human history. It's had such an extraordinary impact on our lives, leading to an explosion in the human population from 1.6 Billion to 7 Billion in a Century

From 1.6 Billion to 7 Billion in a Century: How the Earth's Population Exploded

The Haber-Bosch process allows us to turn nitrogen from the air into fertilizer for our food. It's had such an extraordinary impact on our lives, it led to an explosion in the human population.It might be the most important invention in human history.


Video by Tom Gibson
Source: Bloomberg


MasterMetals
@MasterMetals

@EndeavourMining Q1 press release digest

$EDV Q1-2019 results as per attached. As the press release is quite lengthy, below is a quick digest.

·     Beat broker consensus across key metrics
(note that the Bloomberg consensus is incomplete)

Consensus	No. of	Production	AISC	CFPS pre-WC	Adj. EPS
	estimates	(koz)	($/oz)	($/sh)	($/sh)
Bloomberg	5	112	n.a.	$0.36	$(0.05)
Company Surveyed	11	110	$970	$0.39	$(0.08)
Actual		121	$877	$0.44	$(0.04)
Beat / Miss		Beat	Beat	Beat	Beat

›         The production beat vs. consensus was driven by a slightly better than expected performance across operating mines and the earlier than expected first pour gold at Ity CIL

›         The AISC beat vs. consensus was largely driven by a beat at Agbaou while Hounde and Karma were within 5% of consensus

›         Q1-2019 production decreased and AISC increased over the record Q4-2018 (as anticipated) due to: 1) the Ity heap leach operation ceased in 2018 ahead of the CIL commissioning and 2) the group strategically fed ῀30% of total mill feed from low-grade stockpiles (in line with the previously announced focus on reducing working capital), allowing for an increase in waste capitalization activities which is expected to give rise to higher grades in the upcoming quarters.

·     Well positioned to meet full year 2019 production and AISC guidance