Gold, Silver, Copper, and Hard Assets…Fall 2017

By hendrixnuzzles, September 21, 2017

This is a continuation of the predecessor thread titled:

“Gold, Silver, and Hard Assets…Summer 2017”.

After my lengthy introduction, guidelines, disclosures, position summary,and warning notices, I will re-submit some meaty posts on Ivanhoe Mines which I think deserve attention and provide a timely change of emphasis; and I will also summarize the findings from the Hendrixnuzzles Crystal Ball, which has been churning out ideas that may or may not come to pass in the near future.

PURPOSE The purpose of this thread is find and discuss good investment ideas in gold, silver, and other selected metals, with a long-term or intermediate timeframe. We are not a short-term trading thread, although occasionally we may perceive short-term trading opportunities based on anticipated news, drilling, or transactions.

FOCUS Gold, silver, copper, nickel, platinum group metals, zinc, uranium.

NOT A FOCUS: Scandium, cobalt, aluminum, manganese, lithium, and aluminum; metals other than copper and nickel that are primary targets in battery technology, and developments in extraction and technology These are better discussed on the thread “Scandium, Cobalt, and Water Purification: Cleanteq Holdings”. Some overlap is unavoidable but this should be kept to the minimum amount possible.

AUTHOR BIAS AND BAGGAGE I have major two themes: long-term capital preservation based on metals, especially precious and demand industrials;
and big capital gain speculations based on them.

This second theme can lead to very speculative investments in exploration and development. This can be in conflict with the theme of capital preservation.
I cannot fully reconcile this paradox. So I can understand if a reader does not feel inclined to put money into these speculations. .

I favor royalty companies, developers, small cap miners, developers, and explorers. I have significant positions in physical metals but it is boring to talk about them and our focus here is elsewhere.
I believe in the concept of optionality as propounded by Rick Rule. Because of this I am of the opinion that , in general, MINERS SUCK. I am wary of big-cap miners, ETFs, and indexes. I am strongly influenced by leadership and management. Most of my metal investments are not miners unless the mine is run by Robert Friedland.
I will consider big caps when a bull market is established. I like low-priced speculations with good discovery odds and clear chances of being taken over or JV’d.

My favorite jurisdictions are Canada and Australia, but I will look at sketchy neighborhoods if I think the story is compelling.
I have become a big fan of Robert Friedland. His companies have evolved into a major component of my portfolio and interest.
I believe gold and silver prices have been manipulated and suppressed by powerful groups, including and especially governments and central banks.
I think these efforts will eventually fail, but they can visit havoc on prices and values in the meantime ,and keep prices artificially low for long periods.
Accordingly, I have shifted a fair allocation of my holdings away from gold and silver, and into copper and other metals that I believe will benefit from the trend towards electrification.
My percentage of gold and silver assets is still probably much higher than that of most people. .

POSITIONS My largest positions are Cleanteq Holdings, Sandstorm Gold, Ivanhoe Mines, and Pretium Resources.
If I want to reduce exposure to gold, the gold sector, I would reduce Pretium before Sandstorm.

My positions, in order of size within category::
Miners, even though they suck:
$IVPAF Ivanhoe Mines (copper, zinc, PGMs)
$PVG Pretium Resources (gold)
$MAG Mag Silver (silver)##
$MUX Mcewen Mining (gold, copper)##

Royalty/streamers:
$SAND Sandstorm Gold
$WPM Wheaton Precious Metals

Developers:
$CTEQF Cleanteq (scandium/nickel/cobalt- discuss on other thread) ##
$SA Seabridge Gold (gold)
$BCEKF Bear Creek Mining (silver)
$ERDCF Erdene Resource Development (gold)
$PTNUF Platina Resources (cobalt/scandium, discussed on other thread)
$UEC Uranium Energy Corp (uranium)

Exploration speculations:
$CDBMF Cordoba Minerals (copper)
$CMDRF Commander Resources (nickel-discuss on other thread)
$CLASF Colorado Resources (gold)
$KNTNF K92 Mining (gold)##
$CNRIF Condor Resources (silver)
$CCNCF Kaizen Exploration (copper)
$KVLQF Kivalliq Energy (uranium, multi-metal)

Physical and redeemables:
$PSLV (silver bullion redeemable physical trust)
Physical gold and silver

## notes:
CTEQF is a technology and water play besides a being a mine developer
MUX is a gold miner but I have it for their copper prospect.
K92 is a producing but needs discoveries so I class it as an explorer.
MAG is considered a miner but they are more similar to a royalty company
****
DISCLOSURES. I am a retired executive and an amateur investor. I like both fundamental and technical analysis.
I also surrender to flights of intuition and paranormal insights when they come to me.

I am a medium-term to long-term position player and prefer to discuss stock investment in that context. As more of my capital moves into conviction stocks, my transactions have become smaller and less frequent, and my standards for taking new positions have become higher.

I am not an expert in any of the commodities discussed, nor am I qualified to give advice. And by no means do I have any expertise in geology or metallurgy.

I express opinions and positions. These are not advice or recommendations, which I remind you I am unqualified to make. I change my mind frequently and my opinions are subject to change at any moment. I intend to keep the thread current but I cannot guarantee that I will tell anyone when I have changed my mind on a particular stock .

CAVEAT EMPTOR. You are responsible for your decisions, and I am responsible for mine. Do your own due diligence.

Everyone makes mistakes and I make more than my share.

***
Political developments and topics should be introduced only when they have a clear relevance to the commodities or companies under discussion.
Given the national and world situations, an occasional outburst of outrage, disgust or indignation is tolerated and understandable. .

I would like to operate in a friendly, honest, and constructive atmosphere.
So try to be nice. Try to have reasons for your opinions. Facts and speculations are both welcome, but be sure to distinguish between them.

Spelling, punctuation, and grammar matter. Everybody makes typographical errors and I am as guilty as the next person. But If you make a lot mistakes or are careless about these things, you are sure to be making errors in other more important things. So it detracts from your credibility even if your idea is good. Besides, it’s annoying.

As thread moderator I reserve to myself the role of referee, censor, arbiter, and Grand Poobah, subject to the over-arching authority of Travis, who owns the site and who has on occasion exercised his right to ruthlessly censor and suppress my radical blatherings.

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

Share your thoughts...

2093 Comments on " Gold, Silver, Copper, and Hard Assets…Fall 2017"

Notify of
avatar

secretsquirrel
Irregular
1075

http://apps.tmx.com/TSXVenture/TSXVentureHttpController?GetPage=NoticesContents&PO_ID=1023604&NOTICE_ID=235760&CORRECTION_FLG=N&HC_FLAG1=checked

GARIBALDI RESOURCES CORP. (“GGI”)
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 1, 2018
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement of flow-through and non-flow through common shares units announced on April 17, 2018 and May 7, 2018:

Number of Securities: 3,896,350 common shares

Purchase Price: $3.35 per common share

Number of Placees: 19 Placees

Insider /
Pro Group Participation: None

Agents Fees: EMD Financial Inc. – Cash payment of $150,138.63

Long $GGI.

secretsquirrel
Irregular
1075
Taken from ceo.com, 03 Jun 2018, @engineer $GGI Garibaldi Resources Drills hitting the ground 3 months earlier than last year. One of the first companies to be drilling in the Golden Triangle in 2018, and the last to be still drilling in 2017. At least triple the drill time this season, survival shacks should extend it a bit more Double to triple the drill rigs compared to last year Double the camp size to a 40-person camp Simple math (3X Time by 2-3X Drill Rigs) shows that’s 6X to 9X the amount of drill core & hence holes drilled versus… Read more »
Gr8Full!
Irregular
11103

The #Chinese realise the #Copper bull is coming

$1.3bil USD invested in #Peru for an expansion by #Chinalco

Copper plays on the #ASX…

$NZC $VAL $KRX $STM $CCZ $AVB $XAM $OZL
https://twitter.com/Chrimata_HC/status/1003593677023821825
Have a wonderful week and beyond all.

hendrixnuzzles
Guest
0

JUNE 5, 2018

Seabridge Gold Launches Program at KSM to Grow Iron Cap Resource
Iron Cap inferred resource now at 20.0 million ounces of gold and 8.6 billion pounds of copper

Long Seabridge Gold.

Very long-term because the universe of potential partners is small; the project will require a big cap transaction to get going. I have strong conviction on SA but it is not for short-term trading and the time to a transaction could be quite long, if ever.
But the resource is there.

secretsquirrel
Irregular
1075

Deleted

denton
Guest
0
K92 Mining long. There have been more recent positive drill results and I wanted to share this update on share valuation. I got mine by responding to the email, but you would have to send an email request or call. I assure you it is very detailed analysis, plus it includes history, maps and photos; provides way more data than my limited brain power can digest and fully comprehend during my initial read. Share price potential makes this a compelling investment in my opinion, if you believe gold is soon to rise, even though miners suck. v/r jdd Macquarie Group… Read more »
deanbob
Irregular
307
$KNTNF long – jd, thank you for the link. The report. IMHO, is very detailed and comprehensive. The report lead me to believe that the planned 2018 exploratory drilling as well as milling and equipment upgrades would be financed by ongoing production revenue. AND, they will be increasing capacity from the current 50% level to close to 100% in early 2019 with ore from the higher grade Kora North mine! And while miners may suck, K92 is also an explorer – that has only drilled a very small part of their land. If I recall correctly, Macquarie Group’s $2.50 target… Read more »
secretsquirrel
Irregular
1075
https://pro.ceo.ca/@nasdaq/colorado-announces-2018-exploration-drilling-plan-for Colorado Announces 2018 Exploration Drilling Plan for It’s Golden Triangle B.C. Properties VANCOUVER, British Columbia, June 06, 2018 (GLOBE NEWSWIRE) — Colorado Resources Ltd. (“Colorado” or the “Company”) (TSXV:CXO) is pleased to announce plans for 6,000 metres (“m”) of diamond drilling on their 100% owned KSP and Kinaskan-Castle properties located in British Columbia’s prolific Golden Triangle region. Colorado is recognized as one of the largest landholders in the Golden Triangle with approximately 1,200 sq. km of mineral claims. Current exploration is focused on targeting high grade-gold, porphyry copper-gold and precious-metal rich volcanogenic massive sulphide deposits. Figure 1 KSP Property… Read more »
Gr8Full!
Irregular
11103

$ CY5.asx 0.115 -0.055 -32.353% DAILY VOLUME 444,022
More high-grade gold at Cygnus Stanley Project 20 pages 1.5MB
https://www.asx.com.au/asx/share-price-research/company/cy5
Listen to Rick’s video shared on #Co #Sc $CLQ thread… Gold, Uranium Mongolia, Russia. Comments on RF of course. Best2ALL!
Episode 3 via @MarkSita5 tweet
via @KPOswald tweet; Thx Karen and Mark 🙂

deanbob
Irregular
307
$NCU/$NEVDF ….. From the free GIL, Copper “You’re going to need a telescope to see copper prices in 2021,”–Robert Friedland Friedland also said that copper is where the big money is made more than any of the other metals. Electric vehicle adoption is only a part of the story as renewables such as wind and solar will be even larger demand drivers into 2025. I think we’ll see an enormous lift in the energy metals, including copper, in the next 2 years. However, this is really a decade long disruptive investment theme so some of these bets I do not… Read more »
alanS
Irregular
91

@deanbob re $NCU/$NEVDF
“From the free GIL”
Could you provide more detail on this source?
Very useful report—many thanks for sharing!

secretsquirrel
Guest
0
deanbob
Irregular
307

alan, happy to. First page of Eric’s website has a place to sign up to receive free nl. Also, he has numerous YouTube videos. Plz be advised that he does get a fee on (at least) some of his investment recos. So, your own due diligence is advised. Website is:
http://www.goldinvestmentletter.com/

Lulu
Irregular
1162
Yes DD is advised……perhaps if you are a ‘payee’ he is more forthcoming with the W5 of his picks but if not, he’s just blowing smoke. Been receiving Eric free letter for 5 years. Saved them all, used to chart his suggestions. He has got to be close to ‘broke’ by now…….between his ‘loaded up; averaged down; holding for now, wait until the big guys catch on, qualified investors only, and nothing ‘ever’ about successes or answered to ‘delisted’……do your own DD. I follow in hopes to catch a ‘success’ of his?? sorry deanbob ….I’d buy CMMC and did.
deanbob
Irregular
307

Lulu, I’d love to hear what a paid subscriber has to say – if we have 1 among us. I just started receiving them less than a year ago, after someone else mentioned it here. It seemed like many of the recos were moving up as the various metal(s) moved up then the second half of ’17; however, many have fallen back as the price of silver and gold dropped back.

Lulu
Irregular
1162

Hi deanbob, no I only receive his free emails and likely have the same ones as you. I cleared out a bunch and now only have from 02/02/2017. Who ever mentioned the ‘fee’ must be correct because he rarely offers valid reasons behind his picks that ‘make sense’. Just a go with ‘my (Eric) gut’ perhaps successfully if one is playing 550K shares for a penny or 2.

renbycage
Guest
0
its just my impression from what seems to be obvious, but these free type investment advise is just a guy getting paid for promoting stocks, I assume most of the time in stock. So he’s in it for free, rooting for you to buy in and lift the stock price. Just about everything they recommend they say is going up like double or triple in the next 9 months, blah, blah, blah. Not saying you can’t get an idea off these kinds of marketers, but the types of companies that pay guys to promote their stock is usually kind of… Read more »
hendrixnuzzles
Guest
0

Agree, they are a starting point to get tickers to research.
DYOR. There are more opportunities than we can invest in.

deanbob
Irregular
307
$ERD/$ERDCF …. Erdene Closes Private Placement HALIFAX, Nova Scotia, June 08, 2018 (GLOBE NEWSWIRE) — Erdene Resource Development Corp. (TSX:ERD) (“Erdene” or “Company”) is pleased to announce that it has closed its non-brokered private placement (“Private Placement”) announced on May 31, 2018 for proceeds of $4.12 million. Pursuant to the Private Placement, Erdene has sold 10,834,580 units at a price of $0.38 per unit for gross proceeds of $4.12 million. Each unit consists of one common share of the Company and one common share purchase warrant (“Warrant”). Each Warrant entitles the holder to purchase one common share of the Company… Read more »
hendrixnuzzles
Guest
0

$KNTNF K92…no position (darn!) favorably inclined

Macquarie Group Initiate Coverage on K92 Mining Inc. with a $2.50 Target Price and Junior Producer Top Pick Status

$ERDCF Erdene Resource Development…long…closed a PP

hendrixnuzzles
Guest
0

Cobalt, CLQ and the rest…looks like a powder keg about to blow.

China coming our with tax policies favorable to EVs…every day something about cobalt or CLQ or solar or EVS…initiatives lined up waiting for news…insto bots accumulating like crazy…meanwhile DRC stocks are in the gutter, and the Aussies aren’t much better.

Something’s gotta give.

secretsquirrel
Irregular
1075

Copper Resilient Despite US Dollar Gains

http://www.sharecafe.com.au/gavin_wendt.asp?a=AV&ai=48857

hendrixnuzzles
Guest
0

South Africa… power problems…

https://www.miningreview.com/num-threatens-electricity-supply-shutdown/

A little hard to see what is happening but it seems that there is a move to “privatize” public companies, and there is labor unrest at the power worker unions.
Power shutdowns threatened.

secretsquirrel
Irregular
1075

Further trouble in the DRC??

Need to read more to know just how unstabalising this might be or not?

This is biggest thing to happen in #Congo politics since #Kabila delayed the election in 2016 – Congolese ex-Vice President Bemba acquitted of war crimes on appeal | Article [AMP] | Reuters

https://mobile.twitter.com/thomas_m_wilson/status/1005149914157015040

secretsquirrel
Irregular
1075
hendrixnuzzles
Guest
0

We need an article that tells us which undervalued development projects are going to have the world’s most valuable ore.

Just kidding, thanks a lot squirrel. They obviously have a bias in uranium and
they like Hecla Mines.

Gosh, the first stock I ever fell in love with was Hecla, back in the 1970s.
I did not get rich on it.

hendrixnuzzles
Guest
0

Copper making a move ?

Just one day but a move to $3.30 off a base around $3 looks like a signal.

Copper gets a little under-noticed given how important it is.

Cobalt, nickel, and lithium get headlines.
But copper is the bread-and-butter electric metal.

Long SCCO, IVN/IVPAF

Rick Rule: “In commodities, you are either a CONTRARIAN or a VICTIM
RF: “Copper will be the King of Metals”

Griffin
Irregular
1612

$LKMNF – Lucky Minerals TSX-V:LJ Advancing Prime Ground in Ecuador Proximal Fruta del Norte and Mirador

http://miningmarketwatch.net/lj.htm

I haven’t done any DD, but it does look interesting at current SP.

$LKMNF np

Gr8Full!
Irregular
11103

$ERDCF trelated long > “#MONGOLIA the new BOOM Country
#MONGOLIA = New TRADE CORRIDOR Infrastructure Development between CHINA RUSSIA INDIA for Resources + Goods” ty https://twitter.com/gassin123Charts/status/1005675890741731329

secretsquirrel
Irregular
1075

http://www.blinaminerals.com.au/blinaminerals-welcometoblinaminerals.html

Thought I’d throw this one out there. Speculative opportunity on the very hi end with good management who are currently working hard to find a copper mine. They already have a pig farm for the bacon and a mango farm, so well diversified!

More information here – https://hotcopper.com.au/asx/bdi/

Long $BDI.

Best SS.

hendrixnuzzles
Guest
0

The pig farm might be the winner.

The Chinese eat a lot of pork. Copper and pigs, good;
mangos, OK, the Indians and Indonesians like it; I think the hispanics like them too.
***

An old Hendrixnuzzles mantra:

If the Chinese want to buy it, I want to be long.
If the Chinese want to sell it, I want to be out.

hendrixnuzzles
Guest
0
The Charming Mr. Gilchrist https://ivanhoemines.com/projects/platreef-project/ If you have interest in Ivanhoe, this will help you the next time you see a headline about something unsettling in South Africa. If you do not have interest in Ivanhoe, you might after listening to Mr. Gilchrist. George is obviously one of the rising stars in the RF universe, that is why he did the Platreefs presentation. Some really good stuff in there. The average deposit vein thickness in the existing Bushveld platinum projects is a couple of meters. How does 19 meters average thickness grab you ? How does an organized plan to… Read more »
secretsquirrel
Irregular
1075
You can find the full news release at https://pro.ceo.ca/@nasdaq/ivanhoe-mines-and-citic-metal-sign-long-term-strategic Ivanhoe Mines and CITIC Metal sign long-term strategic cooperation and investment agreement BEIJING, June 11, 2018 (GLOBE NEWSWIRE) — Robert Friedland, Executive Chairman of Ivanhoe Mines (TSX:IVN) (OTCQX:IVPAF), and Lars-Eric Johansson, Chief Executive Officer, announced today that CITIC Metal Co., Ltd. (CITIC Metal), a wholly-owned subsidiary of CITIC Limited (CITIC), has agreed to make a major investment acquiring a significant 19.9% stake in Ivanhoe Mines. Ivanhoe Mines and CITIC Metal sign long-term strategic cooperation and investment agreement ABOVE: April 23, 2003 – Ivanhoe Mines Chairman Robert Friedland and the then CITIC… Read more »
alanS
Irregular
91

HN: are you still holding the Galaxy position you earlier had? Do you still have a relatively unfavorable perception of lithium?

hendrixnuzzles
Guest
0

$CLQ $CTEQF…it is not my habit to make short-term price observations, but from a technical side on the daily charts CLQ made a strong bull candle pattern today,
a bullish engulfing pattern.

hendrixnuzzles
Guest
0

According to my warped and biassed perception of the situation, the CITIC announcement is a major step in the crescendo of events expected this month.

hendrixnuzzles
Guest
0
Excerpts: ” CITIC Limited is unrivalled in capturing opportunities arising in China” “CITIC Metal Co., Ltd. is a wholly-owned subsidiary of CITIC Limited [and is their] arm in the business of resources and energy…CITIC Metal specializes in the import and distribution of copper, zinc, platinum-group metals, niobium products, iron ore, coal, and non-ferrous metals, export of silver, trading of steel products, and investments in metals and mining projects…. CITIC Limited (SEHK:267) is China’s largest conglomerate with total assets of more than US$900 billion. Among its diverse global businesses, CITIC Limited focuses …on financial services, resources and energy, manufacturing, engineering contracting… Read more »