GOLD, SILVER, COPPER, AND HARD ASSETS…2019

By hendrixnuzzles, November 27, 2018

This is a late continuation of the predecessor thread titled:

“Gold, Silver, and Hard Assets…FALL 2017”…from which, I quote:

“Everyone makes mistakes and I make more than my share.” 

Well, I nailed that one. In 2018, overall my picks were not successful. 

Many of the mining speculations were duds. Plus the commodity price landscape was not favorable for the sector.

So there is no particular reason to listen to my opinions, more than anyone else’s.                         

Caveat emptor.  But here we go again, hopefully for a better year.

PURPOSE The purpose of this thread is find and discuss good long term investments and speculations  in gold, silver, and other selected metals. We are not a short-term trading thread, although occasionally there are short-term trading opportunities that may arise.

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

NOT A FOCUS: Scandium, cobalt, aluminum, manganese, lithium, and aluminum; and developments in extraction and technology. These are better discussed on other threads.  Some overlap is unavoidable but keep it  to the minimum.

AUTHOR INTENT…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, as it was for me in 2018.

I cannot fully reconcile this paradox, and  I can understand if a reader does not feel inclined to put money into these vehicles.

BIAS…Obviously I am biased to hard assets…see title of thread. I favor royalty companies, developers, and  miners.  My enthusiasm for exploration has been reduced, as my efforts in that sector were failures for the most part last year. But they are still entertaining, and the memory of a few big hits keeps me interested. 

I have significant positions in physical metals but it is boring to talk about them,                       

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. I am a  big fan of Robert Friedland. His companies have evolved into a major component of my portfolio and interest. I consider him to be without peer in the mining development business. I am partial to other personalities in the mining business, such as Watson, Sprott, Rule, Mcewen, Lundin, Keevil, Lassonde, and a few others.

My favorite jurisdictions are Canada and Australia, but I will look at sketchy neighborhoods if I think the story is compelling.

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.

POSITIONS My largest positions are Cleanteq Holdings, Sandstorm Gold, Ivanhoe Mines. My percentage of gold and silver assets is still probably much higher than that of most people.

Clean Teq is my largest position but is not a primary topic on this thread.

Positions :

Miners, even though they suck:         

  •  $IVPAF Ivanhoe Mines (multi-metal, 3rd largest position)
  • $MAG Mag Silver (silver)
  • $MUX Mcewen Mining (gold, copper)                                             
  • $SCCO Southern Copper

Royalty/streamers:

  • $SAND Sandstorm Gold (2nd largest position)
  • $WPM Wheaton Precious Metals

Developers:

  • $CTEQF Cleanteq  (#1 largest position, discussed on separate thread)
  • $SA  Seabridge Gold (gold)
  • $ERDCF Erdene Resource Development (gold)                       
  • $MGMXF MGM Minerals

Exploration speculations:

  • $CNRIF Condor Resources                                                             
  • $LNZCF Sama Resources**                                                                   
  • $SRI Sparton Resources**                                                               
  • $ARRRF Ardea Resources**                                                          
  • $CMDRF Commander Resources**                                                
  • $KVLQF Valore (formerly Kivalliq)**

**Sama, Sparton, & Ardea are discussed on Clean Teq thread; Commander and Kivalliq are “stub” positions left over from failed speculations

Exits…Kaizen, Cordoba, K92, Colorado, Pretium, Platina, UEC, Bear Creek
____________________________________________________
DISCLOSURES. I am a retired executive and an amateur investor. I like both fundamental and technical analysis. I 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. Remember, MINERS SUCK and most mining project FAIL.

***
POLITICS Political developments and topics should be introduced only when they have a clear relevance to the commodities or companies under discussion. An occasional outburst of outrage, disgust or indignation is tolerated and understandable. But keep it low, and no cheap shots.

POSTS We want a friendly, honest, and constructive atmosphere. Have fun, entertain yourself. But if you want to have fun by insulting people, go elsewhere. Be nice, or be gone.

Try to have reasons for your opinions.  Facts and speculations are both welcome, but try 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’s annoying, and it detracts from your credibility even if your idea is good.

MODERATION AND CENSORSHIP 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.

If you are suspected of shilling or not having clean motives, or if you are a nuisance, I will cry to Travis,  ban you from the thread, and you can start a thread  of your own.

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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Gr8Full!
Member
👍11350

$BGL @BellevueGold Gold price ripping. More visible #gold please

It’s here! The new Bellevue Gold Limited website is now live, head to http://www.bellevuegold.com.au to have a look. #BGL

https://twitter.com/KumovaTolga/status/1141483411653054465

All the best to you!

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hendrixnuzzles
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hendrixnuzzles

Waiting for Goldot

Hi guys,
No major position changes; still long SAND, MUX, ERDCF etc.

Not really anything much to do, as I am holding as insurance rather than trading.

In passing, I have a feeling that Trump will initiate a Global Currency Reset by year end; or maybe, until after 2020 reelection.

My guess is that the key is China, there needs to be an agreement on the rates between gold, USD, and the yuan. This may not happen but Trump might go ahead anyway. I believe that Ecuador will be in the group.

frankw17
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Good to hear from you hn. That is an interesting postulate re. the agreement on the rates between gold,USD and the yuan. I hadn’t really thought about it before, but it seems that would have to be fundamental to a trade agreement between the US and China. Still long;$IVPAF,$MUX,$ERDCF,$SAND,etc…
Regards,
Frank

hendrixnuzzles
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hendrixnuzzles

No idea why the stock price is in the gutter. No change in position, very long and staying that way. __________________________________________ Clean TeQ successfully completes demonstration project for brine hardness removal in China 7:40 PM ET, 06/18/2019 – GlobeNewswire MELBOURNE, Australia, June 18, 2019 (GLOBE NEWSWIRE) — Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF) is pleased to announce the successful completion of its hardness removal demonstration project in Inner Mongolia for Jiutai New Material (Jiutai). Clean TeQ Continuous Ionic Filtration (CIF®) Mobile Demonstration Plant The aim of the project was to confirm, at demonstration scale, the cost… Read more »

hendrixnuzzles
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hendrixnuzzles

Way long Sandstorm Gold and Erdene. Erdene recfently bought back a royalty so they expect big things in the future. Sandstorm approaching $6, Erdene stock is in the dumps. _______ JUNE 25, 2019 | VANCOUVER, BC SANDSTORM GOLD ROYALTIES PROVIDES ASSET AND CORPORATE UPDATE Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE American: SAND, TSX: SSL) is pleased to provide an update related to share repurchases under the Company’s Normal Course Issuer Bid (“NCIB”), monetization of non-core equity investments, and recent developments from the Company’s royalty portfolio. SHARE BUYBACK PROGRAM During the fourth quarter of 2018, Sandstorm… Read more »

Scottu
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Scottu

https://insidexploration.com/nickel-opportunities-5-junior-mining-companies-to-keep-an-eye-on-as-nickel-gains-traction/
Mike , who posted this review on his self-started Inside Exploration site is an honest straight shooter “mining guy” who has collected around him some knowledgeable guys with actual mining/geology expertise. There’s also an insightful earlier article about promising gold plays. Rnklf or Royal Canadian Nickel is noted in both his gold & this linked nickel article. I’m invested in that unusual co as well. Thanks hot sharing with your readers hendrixnuzzles- commodities are slowly coming back to life!

Griffin
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Griffin

$MUX – MCEWEN MINING REPORTS Q2 2019 PRODUCTION RESULTS

https://www.mcewenmining.com/investor-relations/press-releases/press-release-details/2019/McEwen-Mining-Reports-Q2-2019-Production-Results/default.aspx

MUX long up today

Griffin
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Griffin

$MUX – Grey Fox is Bulking Up!

https://mailchi.mp/mcewenmining/mcewen-mining-grey-fox-is-bulking-up?e=9dec8f6bb8

MUX long

Griffin
Member
👍3030
Griffin

$MUX – MCEWEN MINING: Q2 2019 RESULTS

https://mailchi.mp/mcewenmining/mcewen-mining-q2-2019-results?e=9dec8f6bb8

MUX long

Griffin
Member
👍3030
Griffin

$FYI – Nickel Monthly News For The Month Of July 2019
by Matt Bohlsen @SA – Includes: AAUKF, AMMCF, AXNNF, BHP, CBLLF, CSSQF, CTEQF, ERMAY, GGIFF, GLCNF, IIDDY, NCPCF, NIKAY, NILSY, PANRF, PSDNF, RNKLF, SAMMF, SHERF, SMMYY, VALE, WNARF

Summary
Nickel spot prices were up sharply in July, and the LME inventory was lower and remains near a 7 year low.
Nickel market news – Forecasters are generally bullish on the outlook for nickel.
Nickel company news – Anglo American to return up to $1 billion to shareholders.

https://seekingalpha.com/article/4279565-nickel-monthly-news-month-july-2019?isDirectRoadblock=true

fashiongirl4319
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fashiongirl4319

Do you know about the stock Ian Wyatt is plotting about?” It’s a natural resources firm that could experience explosive growth in the coming years. That because it operates one of the most profitable mining operations in the world. Plus, a new technology could send this stock surging over 1,993% in coming years.” Some other tips he used are: “So, what’s so exciting about this tiny $2 stock? There are really three key things . . . #1: Insiders Own 30% of the Stock This natural resource company was founded by a Swedish billionaire. Along with other insiders, he owns… Read more »

Griffin
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Griffin

$FYI – Gold And Silver Broke Through 6-Year Base, Mining Shares Present Great Values

“With the housing market toppling, it’s no surprise investors are turning to gold and silver, the hard assets whose value has stood the test of time.”

https://seekingalpha.com/article/4282678-gold-silver-broke-6-year-base-mining-shares-present-great-values?isDirectRoadblock=true

hendrixnuzzles
Guest
hendrixnuzzles

WAITING FOR GOLDOUGH…patience, wins and losses There is a fine line between patience and blind stubbornness. Fortunately for my portfolio, at least Sandstorm Gold ($6.50-$7) and the recent spot prices of gold have vindicated my persistence and enabled me to characterize my outlook as patient, rather than stubborn. From the opening post, I remain long Ivanhoe, Clean Teq Holdings, McEwen, MAG, SCCO, ERDCF. Will recap recent exits and remaining positions. Mostly I have been just sitting. Regards to all. ****** Fashiongirl…as I have not been looking for new positions, I have not had time to sleuth out the teaser you… Read more »

Griffin
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Griffin

HN, Good to see you again, I was hoping my last post might joggle you back for a bit.

I’ve been pretty much sitting too when not kicking myself for not having bought lower. SAND is one of the bright spots in holdings.

deanbob
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👍660
deanbob

Precious metal price manipulation? How about a conviction of just that (gold)?

https://www.zerohedge.com/news/2019-08-11/gold-and-silver-are-winning-against-banker-price-suppression-schemesfor-now-0

Griffin
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Griffin

$MUX – MCEWEN MINING: GOLD BAR UPDATE

https://mailchi.mp/mcewenmining/mcewen-mining-gold-bar-update?e=9dec8f6bb8

MUX long

deanbob
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deanbob

“What John Doody is not telling you about Belo Sun (BSX.to) ” $VNNHF/$BSX
https://incakolanews.blogspot.com/

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hendrixnuzzles
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hendrixnuzzles

Thanks to danbob. Important video. Bannon on China

https://www.youtube.com/watch?v=qH5QzuzD01A

Griffin
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Griffin

$JRVMF – Jervois Mining receives rock chip results from Kilembe Area, Uganda | Corporate Presentation – September 2019

This is for those that were holding $ECSIF and now have JRVMF.

https://mailchi.mp/8126a2feb775/jervois-mining-receives-rock-chip-results-from-kilembe-corporate-presentation?e=2dd208b26e

ASX:JRV long

Griffin
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Griffin

$MUX – MCEWEN MINING: EXPLORATION AND OPERATIONS UPDATE

147NE Zone Continues to Deliver Good Results
Reduced Guidance for Black Fox and Gold Bar Production

https://mailchi.mp/mcewenmining/mcewen-mining-exploration-and-operations-update?e=9dec8f6bb8

MUX long