written by reader 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.

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denton
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denton

K92 Mining long. Latest report on new rock chip/soil samples at Blue Lake K92 Reports Up To 20.04 g/t Au, 228.8 g/t Ag and 15.6% Cu from Rock Chip Samples at Blue Lake VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct. 26, 2017) – 436 rock chip samples and 152 soil samples taken in initial field work program high grade gold, silver and copper assays in chip samples taken from area with coincident soil and geophysical anomaly very large, widespread hydrothermal alteration footprint evident K92 Chief Executive Officer, John Lewins, states, “While much focus at K92 has been on the ramp up of… Read More »

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secretsquirrel
Irregular
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secretsquirrel

Vanadium.

Know been discussed here, anyway here’s a little read on it,

Not sure how up to date it is, the site has some interesting articles, only just came across it….yet to work out how you join their email list though?

http://aheadoftheherd.com/Newsletter/2017/Vanadium-The-Metal-We-Cant-Do-Without-And-Dont-Produce.htm

http://aheadoftheherd.com/Newsletter/2017/The-Most-Beautiful-Metal.htm

http://aheadoftheherd.com/

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Griffin
Irregular
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Griffin

Thanks SS I’ve been looking for another Vanadium stock. Most of the first article is good wikipedia stuff which I didn’t know. It is also incorrect about V in North America. The Gibellini Project (Vanadium) : Nevada was originally own by American Vanadium Corp and is now owned by Prophecy Development Corp. PRPCF. The CEO of AVC was too early to the VRB market and AVC no longer exist(?). It appears that Prophecy maybe is under chinese management. PRPCF is trading above $3.50. The second article is about Vandium ONE TSXV:VONE who doesn’t appear to have been in business that… Read More »

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Griffin
Irregular
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Griffin

PS – I like the management team of Vanadium One it looks like it has been put together for something bigger. They have many years in finance, M&A, and Geology. I’m going to move my eTrade account so I can get in.

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SoGiAm
Irregular
👍11466

Abacus Minerals AME.V, $ABCFF np appears to be very illiquid. Lost my penny bet yesterday, but suppose it was a good guess having not read the tease: https://www.stockgumshoe.com/reviews/resource-stock-digest-premium/gerardo-del-reals-this-tiny-21-million-company-is-sitting-on-a-billion-dollars-of-copper-pitch/#comments Learned a bit more, thanks to Travis and the Gummunity posters. Have a gr8 weekend ALL! Best2YOU!

Griffin
Irregular
👍3607
Griffin

$ABCFF I think you’d better double check, have another cup of coffee(or sleep 8-]). Yahoo says something different.

secretsquirrel
Irregular
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secretsquirrel

A bit (OK some dated) of reading with visuals…

Shows where we going and why we are in the right space (early)

Enjoy GLTA SS.

http://www.visualcapitalist.com/forecast-when-well-run-out-of-each-metal/

A Forecast of When We’ll Run Out of Each Metal

http://www.visualcapitalist.com/chart-every-commodity-2016/

Chart: How Every Commodity Performed in 2016

http://www.visualcapitalist.com/china-consumes-mind-boggling-amounts-of-raw-materials-chart/

China Consumes Mind-Boggling Amounts of Raw Materials [Chart]

http://www.visualcapitalist.com/royal-nickel-tsx-rnx/

Royal Nickel (TSX: RNX)

http://www.visualcapitalist.com/nickel-form-meets-function/

Nickel: Where Form Meets Function

And finally!

http://www.visualcapitalist.com/commodities-to-short-or-not-to-short/

Commodities: To Short, or Not to Short?

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Michael Kennedy
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Michael Kennedy

$Kees Dekker I have for the past 18 months or so been a Follower of Kees Dekker, a highly qualified and experienced mining engineer based in Namibia and with a large international practice. Since November 2015 he has reviewed, valued and produced written reports on a wide range of mining companies, originally for Seeking Alpha but now for any interested party who contacts him. In my time as a Follower I have received more than 20 reports (completely free of charge by the way). Each report is beautifully written and illustrated and tends to run to some 40 to 60… Read More »

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scottu
Member
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scottu

Thanks for the heads-up Michael for sharing in hn’s spirit of generosity! Could you please double-check that email address – g mail sez “address not found”?

Michael Kennedy
Guest
Michael Kennedy

Hi Scottu Profound apologies – Kees’s email address is actually keesdek@gmail.com (with one “k”). That was careless of me. When I emailed Kees today to tell him that I was telling Gummies about his reports and GT Gold he did mention in his reply that GT Gold had been a good punt but after the deeper diamond drill results had come in he had sold out for a substantial profit. His hopes for a wide open pittable deposit based on the earlier results had been dashed and he found the company over- priced. So I would think that caution is… Read More »

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secretsquirrel
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secretsquirrel

HI Michael, yes thanks for the information. GTT is same vicinity as GGI/MTS. So definitely interested in anything he has to say on these or any others. Best SS.