$3000 Gold

Gold’s outperformance continues unabated. It took some time, but we’re finally here!

It would be healthy to see it consolidate at these levels before racing further ahead—but a bull is hard to tame! 

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MasterMetals
@MasterMetals

$FIL.TO @Filo Reports 1,406m @ 1.13% #Copper CuEq, incl. 56m @ 5.79% CuEq

$FIL.TO @Filo Reports 1,406m @ 1.13% #Copper CuEq, incl.  56m @ 5.79% CuEq; Geotech Hole Encounters Unexpected 12m at 5.21 g/t #Gold from 36m,  600m east of the Aurora Zone.

Drilling is ongoing with nine rigs active on the project, focusing on Aurora infill and the Aurora-Bonita gap.

IGWT Monthly #Gold Compass for July 2022

Incrementum AG has just published their Monthly Gold Compass.

"This month you will not only find an update of the most important gold charts, but also a few slides on the Federal Funds Rate, charts from our new In Gold We Trust Report 2022, and a long term gold candlestick chart in our Special Charts segment. You can also access our new In Gold We Trust Report by clicking on the Title “In Gold We Trust Report 2022” on Page 3. We hope that this can help you to gain additional context in these difficult and uncertain times."

In Gold We Trust
https://mcusercontent.com/b268a38a165b03979d95268dd/files/88686ad9-93bd-239a-0ee5-119e314648c4/July_2022_Monthly_Gold_Compass.pdf

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MasterMetals

@MasterMetals

Once again Filo hits it out of the park!! $FIL #FILyourboots

👏👏 to the team @Filo_Mining!! 🙌🙌💪💪

#Silver Poised for a Break-Out!

#Silver has been breaking through its short term resistance levels.  A Daily close above $25.50 will confirm this new Bull Market!

$SLV $SIL

https://www.tradingview.com/x/8khY8F73/

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MasterMetals

@MasterMetals

#Gold - #GoldenCross at hand?

The daily chart of the gold futures shows the 50-day moving average (blue line) crossing the 200-day moving average (red line).

This is called a golden cross. The golden cross is a technical chart pattern indicating the potential for a major rally.

The MACD (lower chart) is very oversold and crossing the red line. This supports higher prices. The Relative Strength (RSI) (upper chart) is also pointing higher.

There's a feeling that the gold price is currently being held back by silver prices, as the July silver futures contract is in the delivery month and the open interest, which is high, indicates holders of the contracts are demanding delivery.  😥 

The 30-minutes Silver Chart (1 bar every 30 minute), shows how the Big Boys are putting pressure on silver prices for this very purpose.  Once this is done, we could expect higher prices for Gold & Silver across the board. 

Stay tuned! 

https://bit.ly/MasterMetals

#GOLD: Getting ready to break out —UPDATED! $GLD

GOLD looking to break through the 200 Day Moving Average. 

The 20 Day Moving Average has also crossed the 100 Day Moving Average to the upside portending better times ahead for the "Barbarous Relic". 

That’s what it looked like this morning May 17, 2021 before Gold broke out. 

This is what it looked like after:

Looking bullish! 

See more Metals Charts here:

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MasterMetals

@MasterMetals

Excellent Interview with Robert Friedland on the Future of #Copper, #Silver, #Gold, #CleanEnergy and much more

Great interview with Robert Friedland by Daniela Cambone on the Future of #Copper, #PreciousMetals, #BatteryMetals, #Bitcoin and #Blockchain, Clean Energy & more.

https://youtu.be/gYSkTpb0PaM

And It’s Off to the Races! Forget Silver, #Platinum is the best performing precious metal YTD $PPLT

Daily platinum futures chart with the recent strong advance.  

Platinum has been the best performing precious metal so far this year. The metal has been underperforming for years on oversupply and suffering from Volkswagen's emission scandal and the subsequent phasing out of Diesel worldwide —as platinum is used extensively in the catalytic converters on vehicles powered by diesel engines.

A new element for platinum now in the market is U.S.President Joe Biden's "new green wave," considered bullish for platinum, as it is used for hydrogen fuel cells in the drive of heavy- and light-duty vehicles. 

The market never waits until the last investor has seen all the details.  The time to jump in is now! 

A new study by Auctus Metals gives a lot of details regarding PGM's (Platinum Group Metals).

Attachment 2 shows the estimated platinum end-use in 2020 with the automotive sector consuming 30% of supply.

Attachment 3 indicates platinum estimated to be in deficit in 2020 due to COVID-19 and the Anglo American Platinum converter plant outage during the first two quarters of 2020 and additional closure announced in early November 2020 following a series of water leaks.

Attachment 4 displays a 5-year chart on platinum futures with the breakout on the upside in December 2020 at US$ 1'050 per ounce. Platinum is now in a long-term bull market.

A new element for platinum now in the market is U.S.President Joe Biden's "new green wave" is considered bullish for platinum as it is used for hydrogen fuel cells in the drive of heavy- and light-duty vehicles. The market never waits until the last investor has seen all the details. 

https://bit.ly/MasterMetals 

Here’s a #SilverBug’s view of the #SilverSqueeze $SLV $PSLV

The main issue with the COMEX is that, on average, they allow sales of 200x daily production almost every day. The COMEX was setup to allow hedging of production. You know, you are a wheat farmer and you want to hedge your production. Well, for most commodities, this is 125% daily production. Yesterday, you saw price go up $2, then smacked down $2 on approximately NINE HUNDRED DAYS PRODUCTION "UP FOR SALE" IN A DAY.

Here's a #SilverBug's view of the #SilverSqueeze

https://renaissancemen.org/2021/02/02/why-the-silver-longs-and-eric-sprott-can-defeat-the-silver-shorts-an-education-in-4d-chess/ 

Why the silver longs, and Eric Sprott, can defeat the silver shorts – an education in 4D chess

Worldwide silver shortage. Bullion stores sold out for weeks, if not months. No one selling their product to them for spot price. Bullion priced $10-$13 over spot. Silver deficit of mine supply of 350 million ounces.

And of course, you expect to wake up at silver $2 less than a day before. Actually – I did, many of you did not. The price is actually in "contango", where the futures price the last time I checked is wayyyyy above spot. I know how they play this game. At issue here is the disconnect between the REAL physical price and the "paper" price.

When you see a contango like this, you can, in essence, sell a futures contract, then go to the spot market and buy silver. You can then deliver the product on the futures contract. This contango was $.75 a few minutes ago, per ounce. For a contract of $5,000 ounces, that is $3,750 you can pocket on this deal. Of issue, NO ONE will do this, because anyone trying to buy on the spot market may get months of delays to get product.

Yet, prices are falling because we obviously have all of this supply!!!

The #SilverSqueeze is ON! $SLV

The #RedditTraders are all-in on #Silver! +10% for a start!

Metals Charts

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MasterMetals

@MasterMetals

#RedditTraders #Silver Frenzy calmed on Friday as investors weigh whether push by r/wallstreetbets board posters to create a short squeeze has legs

#Silver frenzy calmed on Friday as investors in miners' shares to ETF's and even the physical metal weigh whether a push by Reddit posters to create a short squeeze has legs. Silver has emerged as one of the latest targets of the r/wallstreetbets board  

Posts encouraged people to pile into IShares Silver Trust, the largest silver exchange-traded fund, and one described it as "THE BIGGEST SHORT SQUEEZE IN THE WORLD".

"It is true that the combined efforts of those on the Reddit forums can dramatically influence the price of individual stocks, but if you compare the size of the entire silver market to the market cap of the individual companies that forums have recently targeted, we don't see this as having potential to significantly move silver into a short squeeze scenario," said John Feeney, business development manager at Guardian Vaults, a Sydney-based dealer.

"Silver's market cap is too large and those on the forums typically want to see quick gains, so I wouldn't read into it too much," he said.

More on the silver market's volatile Thursday
Spot silver jumped as much as 6.8%, the most since August Options volume in IShares Silver Trust climbed to a record First Majestic Silver Corp., cited on Reddit as a short-squeeze target, gained more than 20% Silver Options Market Volume Surges on Reddit-Fueled Swings Spot Silver Bounces Off Key Average in Day-Trader Surge: Chart

See the whole story on Bloomberg here: https://www.bloomberg.com/news/articles/2021-01-29/silver-seizes-the-spotlight-following-reddit-day-trader-frenzy?utm_campaign=socialflow-organic&cmpid%3D=socialflow-twitter-commodities&utm_source=twitter&utm_medium=social&utm_content=commodities&sref=VxHCy32x

ORENINC #MiningStocks Financings Index up; brokered activity surges @tsx_tsxv

ORENINC INDEX up as brokered activity surges again

ORENINC INDEX up as brokered activity surges again

ORENINC INDEX - Monday, September 7th 2020

North America's leading junior mining finance data provider

Last Week: 62.90

This week: 79.69

The Oreninc Index  increased in the week ending September 4th, 2020 to 79.69 from 62.90 a week ago as brokered activity surged again.

On to the money:

Aggregate financings announced jumped to $135 million, a four-week high, which included nine brokered financings for $70.5 million, a two-week high, and two bought-deal financings for $52.5 million, a six-week high. The average offer size increased to $2.9 million, a two-week high, while the number of financings fell to 47.

The Breakout in #Silver Seems To (Finally) Be Here! $SLV $SIL $PAAS $FSM $WPM $MAG $AG $FM

After underperforming #Gold for some time, Silver now looks to catch up... “Silver” #MiningStocks should do particularly well. Silver Miners in quotes, because for many, half of their production is from Gold and the base metals.

The Breakout in #Silver Seems To (Finally) Be Here! $SLV $SIL

MasterMetals Charts: Mining & Metals Charts
GDX, GDXJ, SIL, GLD, Miners, mining stocks, Gold, Silver, Copper, Palladium, Platinum

#Silver Making Up Lost Ground vs. #Gold As Prices Surge Past $20

Citigroup sees prices rising to $25 in the next six to 12 months, with the potential for $30 based on the bank's bull case.

Spot silver powered through $20 an ounce Tuesday and is trading near a four-year high. The cheaper metal has outpaced gold's own gains this month, and holdings in silver-backed exchange-traded funds have increased for 12 straight weeks to a record.

"Silver is now leading the charge"

https://www.bloomberg.com/news/articles/2020-07-21/it-s-silver-s-turn-to-shine-as-prices-surge-to-four-year-high?sref=VxHCy32x

.@Oreninc #Mining Financings Index fell in week ending June 5, 2020 to 47.29 with only $52.8 million raised, 9-week low, from 70.52 a week ago.

The Oreninc Index fell in the week ending June 5th, 2020 to 47.29 from an updated 70.52 a week ago as the finance surge ebbs  

Last Week: 70.52 (Updated)
This week: 47.29

Summary

• Number of financings decreased to 35.

#Gold Companies In, #Energy Out! $DPM, $EQX, $LUG, $SIL, $TGZ Added to S&P/TSX COMPOSITE INDEX

#Gold Companies form the core of companies Added, while Oil & Gas Co.'s represent majority of Deletions.

Dundee Precious Metals ($DPM), Equinox Gold ($EQX), Lundin Gold ($LUG), SilverCrest Metals ($SIL), Teranga Gold ($TGZ) Added to the S&P/TSX COMPOSITE INDEX 

#Gold Companies In, #Energy Out!

S&P Dow Jones Indices Announces Changes to the S&PTSX Composite Index and S&PTSX 60 Index.html 

TORONTO, June 12, 2020 /CNW/ - As a result of the quarterly review, S&P Dow Jones Indices will make the following changes in the S&P/TSX Composite Index and S&P/TSX 60 Index prior to the open of trading on Monday, June 22, 2020:

Junior #MiningStocks Investor Checklist How to Avoid Common Mistakes -Part 1: Team

Junior mining stocks - small publicly-traded companies looking to hit the jackpot with a big discovery - are well-known for offering both extremely High Returns, with the correspondingly High Risk.

In  order to help the investor separate the wheat from the chaff among the universe of thousands of available companies out there, Visual Capitalist, in partnership with Eclipse Gold Mining, is putting together a five-part series on the mistakes investors commonly make when evaluating mining exploration stocks. 

The first instalment covers the Management Team, focusing on what to look for, including the characters you’ll want to avoid! 

The second part covers the Business Plan, or lack thereof!  The upcoming parts in the series will cover jurisdiction, project quality, and more.

From Visual Capitalist:

Management Team Checklist

If you’ve ever researched mining exploration stocks before, it doesn’t take long to realize that every company will talk about how “great” their team is.

Here’s a few steps to ensure that the team is actually great — and not filled with pretenders.

Step 1: Avoid the Bad Characters

The mining stock universe can be filled with interesting and amusing characters, but many of them are not there to generate you a return. Here are the personas you should aim to avoid:

1. 

   The Pump n’ Dumper

   Accumulates stock at insanely low prices, raises money, and then uses gray-area promotional strategies. Sells stock as soon as price is high enough to make a profit.

#Gold & #Silver Up Sharply

 

Gold aiming for $1750/oz.

Silver —barely— above $16/oz. 

https://mastermetalsblog.blogspot.com/p/blog-page_4.html#.Xr1alsNxph4.link

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MasterMetals

@MasterMetals

#Mexico #Covid19 Lockdown puts #Gold & #Silver Miners' 2020 Plans on Hold

Just as Miners were gearing up for increased production, Mexico lockdown upsets miners' 2020 plans

Editor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to Mining Journal, click here

On March 31, the Mexican federal government mandated that all non-essential businesses temporarily suspend operations until April 30 due to help curb the spread of the COVID-19 virus.

WPM said all of its counterparties were taking steps at the corporate and operational levels to ensure business continuity, but given the fluidity of the situation, the risk that these operations would be impacted in some way had become too great to continue to rely on the February-issued production guidance.

Newmont Corporation reports that as of April 1, mining has not been deemed an essential activity under the Mexican decree, but that it is engaging with government to better understand the intended impacts of the decree on its operations. As a result, Newmont is undertaking an orderly ramp-down of operations at the Peñasquito mine. Other significant Mexico-based mines on which WPM has streaming deals include the San Dimas and Los Filos mines.

WPM said it was currently generating enough free cash and maintained comfortable debt levels to fund all outstanding commitments, including dividends, as well as providing flexibility to pursue new metal streams.

Fellow Canadian company Agnico Eagle Mines also said Thursday it was ramping down its Mexico operations, including Pinos Altos, Creston Mascota and La India, which would remain suspended until the end of this month. Agnico's Kittila mine, in Finland, is expected to continue operating at normal levels, however, it reported one positive case of COVID-19 in an underground miner which caused several days' disruption last month.

Mexico's highest-grade silver miner Excellon Resources will also suspend all mining, milling and exploration activities at its assets, including the bonanza-grade Platosa silver mine. Critical pumping, safety, security and environmental management will continue during the temporary hiatus.

Meanwhile, Endeavour Silver said it was in the process of suspending operations at all three its Mexico mines, thereby also pulling its 2020 production and cost guidance. For 2020, the company had targeted production of 3-3.5Moz silver and 38,000-44,000oz gold at an all-in sustaining cost, net of gold by-product credits, of US$17-$18/oz silver.

Equinox Gold, which just this week announced it expected to triple output to 700,000oz in 2020, said Thursday it was suspending all mining activity at the Los Filos mine. It will continue to process solution from the heap leach pads and expects output to continue at reduced levels through the temporary suspension.

The company has also temporarily suspended operations at its Pilar mine, in Brazil. Equinox's other producing mines continue to operate normally with COVID-19 safety and preventive measures in place.

It said it was too early to determine the impact on the production guidance and it would provide updates when practical.