Loading ...FYI. There are short and long silver ETFs. AGQ long down 8% and ZSL short up 8% today. It’s time to take advantage of the scum when we are flat on lows and boring.
I sold AGQ yesterday and bought TZA short Russle 2000 up 5% today. My car dealer and fellow trader friend John got me started with QID short QQQ and SDS short SNP. Naturally they are for target practice risky for long term only good for short term and only small amounts play money.
@Maddog re the scum
AU down under 1% …….but scum open shares down near 3 %…….
scum looking serious here …they are really after silver…
That would be great if Trudeau and his WEF buddies were kicked to the curb!
Is Canada On The Verge Of A Political Revolution?
https://www.zerohedge.com/political/canada-verge-political-revolution
Maya @ 1:10
I suspect that’s true! 
buy gold-yeah, I was thinking about silver…sooooo….I better scratch that’s post….snort!
FRED HICKEY ON MY NGD
New Gold Rises From the (almost) Dead
New Gold’s (NGD) stock hit rock bottom (61 cents per share) in the first week of September and rallied for most of the rest of the month (up 44% from that low by the end of the of the third quarter). Here too, I was able to (significantly) add to my NGD position near the low that week. My confidence in New Gold was bolstered by the heavy insider buying from NGD’s CEO, CFO and VP Secretary/General Counsel towards the end of August (see last month’s letter). A week after hitting those lows (September 15), to coincide with CEO Renaud Adams presentation in Denver, NGD issued a positive Rainy River update.
CEO Renaud Adams: “The team at Rainy River responded very well following the heavy rainfall and flooding during the second quarter.” “Over the past month, efforts continued on dewatering the pit along with additional operational improvements to position the open pit to its optimal conditions. In July and August, Rainy River produced a total of approximately 41,000 gold equivalent ounces and the mine is well positioned to have a strong finish to 2022 and deliver on its updated guidance.” “Open pit tonnes mined in July and August averaged approximately 21,000 ore tonnes mined per day, a 70% increase compared to the 12,295 tonnes mined per day during the second quarter.” The strip ratio was nearly cut in half in those two months (from 7.96 to 1 to approximately 4 to 1). A lower strip ratio leads to lower costs per ounce produced. “The strip ratio is expected to average below 3 to 1 for the remainder of the year,” Adams said in the press release.
In Denver, Adams gave an extremely upbeat presentation. “Our future looks much brighter than when we first saw this in 2019” (around the time when the new management team came to NGD). “We are very, very encouraged to where we are going with this,” he added. At the long troubled Rainy River mine, Adams explained that all the work they’d been doing rehabilitating and repositioning the mine are about to pay off with the transition to the underground operation, which will mean higher gold grades, significantly higher production (25+% over current levels for the next five years – through 2027), a strip ratio around 2 to 1 and far lower all-in sustaining costs. The dramatic reduction in the strip ratio means much lower volumes of waste rock that need to be moved, leading to the lower costs (lower materials, handling and diesel fuel costs). Capital expenditures at Rainy River will decline very sharply, “especially post-2023.” “The difficult years are behind us,” Adams exclaimed.
Adams forecast NGD would become free cash flow positive in 2023 – when the New Afton mine production levels return to the significantly higher rates it ran at throughout its history. This will occur as NGD ramps up production from the C-Zone next year (mid-2023). After a few years of “hard work” (and capital spending) NGD is almost through the “gap” years transition period. Additionally, Adams discussed the “all kinds of potential organic growth” around the C-Zone and near infrastructure (mill etc.). On Monday, RBC Capital upgraded their rating on NGD’s stock to “outperform” from “sector perform” following a site visit to Rainy River. The analyst explained that he expects 40% gold equivalent production growth at 30% lower all-in sustaining costs by 2024.
NOVAGOLD Reports Third Quarter 2022 Financial Results
https://finance.yahoo.com/news/novagold-reports-third-quarter-2022-210500123.html
SSR MINING ANNOUNCES POSITIVE EXPLORATION RESULTS FOR THE ÇAKMAKTEPE EXTENSION PROJECT (ARDICH), INCLUDING 28.3 METERS AT 8.23 G/T AU
https://finance.yahoo.com/news/ssr-mining-announces-positive-exploration-110000140.html
Wesdome Exploration Defines up Plunge Extension of Falcon 7 Zone and Identifies New Lens East of Mine 7 Zone at the Eagle River Mine
https://finance.yahoo.com/news/wesdome-exploration-defines-plunge-extension-113000959.html
Equinox Gold Announces Commercial Production at the Santa Luz Gold Mine
https://finance.yahoo.com/news/equinox-gold-announces-commercial-production-170000697.html
Victoria Gold: Eagle Gold Mine Q3 2022 Production and Guidance Update
https://finance.yahoo.com/news/victoria-gold-eagle-gold-mine-220000780.html
Eloro Resources Intersects 198.00 g Ag eq/t (67.79 g Ag/t, 1.44% Zn and 1.04% Pb) over 134.47m in Silver-Rich Area of High-Grade Feeder Zone in Santa Barbara Target Area at the Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia
https://finance.yahoo.com/news/eloro-resources-intersects-198-00-100000345.html
i-80 Gold Discovers New Gold High-Grade Zone and Expands Mineralization at Ruby Hill
https://finance.yahoo.com/news/80-gold-discovers-gold-high-100000429.html
Gold Terra Announces High-Grade Sampling Results Along a 700-Metre-Long Epithermal Gold-Silver Corridor With up to 32.9 g/t Gold and 579 g/t Silver, Mulligan Project, New Brunswick
https://finance.yahoo.com/news/gold-terra-announces-high-grade-120000486.html
Murchison Discovers Multiple New Mineralized Showings at HPM and Identifies Beep Mat Anomaly 120 m Along Strike to the Southwest of the BDF Zone
https://ceo.ca/@accesswire/murchison-discovers-multiple-new-mineralized-showings
Teuton Resources Reports 7th set of Drill Results from Treaty Creek; Update on Exploration on the Harry, Big Gold and Eskay Rift Properties; Revision to 2022 Stock Option Plan
https://ceo.ca/@thenewswire/teuton-resources-reports-7th-set-of-drill-results-from
Tower Completes Step-Out Drilling on the Lightning Zone at Rabbit North and Identifies a New Gold Grain Dispersal Train Indicative of Higher-Grade Mineralization 400m to the West
https://ceo.ca/@newsfile/tower-completes-step-out-drilling-on-the-lightning
Vortex Metals Highlights Riqueza Marina Project Exploration Targets
https://ceo.ca/@newswire/vortex-metals-highlights-riqueza-marina-project-exploration
Transition Sampling Returns 1,215 g/t Silver and Confirms Multiple Zones of High-Grade Silver and Gold Mineralization at The Pike-Warden Property, Yukon and Issues Stock Options
https://ceo.ca/@newsfile/transition-sampling-returns-1215-gt-silver-and-confirms
Artemis Announces up to $175 Million Equity Financing
https://ceo.ca/@globenewswire/artemis-announces-up-to-175-million-equity-financing
Mantaro Precious Metals Corp. Intersects 4.69m at 5.15 g/t Gold in First Drill Hole from Golden Hill Drill Program, Assays Pending from 20 of 21 Holes
https://ceo.ca/@newswire/mantaro-precious-metals-corp-intersects-469m-at-515
Bunker Hill Provides September 2022 Project Restart Update
https://ceo.ca/@globenewswire/bunker-hill-provides-september-2022-project-restart
Steppe Gold Announces Third Quarter Operations Update
https://ceo.ca/@newsfile/steppe-gold-announces-third-quarter-operations-update
Trilogy Metals Reports Third Quarter Fiscal 2022 Financial Results
https://ceo.ca/@newswire/trilogy-metals-reports-third-quarter-fiscal-2022-financial
Aura Minerals Completes Feasibility Study for the Matupá Gold Project
https://ceo.ca/@globenewswire/aura-minerals-completes-feasibility-study-for-the-matup
Alex Valdor
Re Mann
It may allow a lawsuit…but I heard Mann lost and lost Costs and never paid……as u say a real…..
R640
PM’s finish up on the day is a tall order with the carnage in silver right now, but if so, I’ll take it!
The dollar down big–rates up–so, the stock rally ends and PMs green by the end of day
that’s all ya need to know…easy as pie…
https://futures.tradingcharts.com/marketquotes/DX.html
[ 10 YR NOTE]
Spx
Acting funny, I thought it was going to be front running again like yesterday’s gap up, dropping down them going back up past 3805 before open here but checked it again and it dropped more so we’ll see if it can hold and break past it or continue down.
Buygold I can’t see why gold wouldn’t rise with the SM and as long as it does if there celebrating dollars demise when it topped. It would be fitting for gold to rise less they purposely suppressed it. They’re already having trouble paying their interest on debt anyways.
Good for you getting a generator. Will make life easier.
I’m looking for fast cooking recipes and no cook ones like no cook chocolate fudge to go along with with power issues ahead but still needs electricity that had jumped way high this summer but not telling what winter will bring.
A friend in Texas told me the problem with wet floors and I didn’t even mention yours was the power was out so couldn’t shop vac it out at her store.
Broke down and bought a generator
Internet is up and running. Posting a lot easier.
Maddog – yeah, I want to see how the shares react. If the metals get hit and the shares don’t get hit as bad, we might get a clue about whether this is the real deal, I guess.
Dollar isn’t bouncing much; we’ll see if we get some covering here at the Crimex.
Maddog …exactly !
Prof. Mann is a POS , but Canadian law permits a casual statement to be grounds for a defamation suit .
classic scum attack
Dollar catching a bid as well…….SM weak….so can’t have PM’s shining.
Alex Valdor
Re Dr Ball
the saddest part of his story, is that a passing joke he made about how Mann, should be in the State Penn, not Penn Uni, allowed Mann to sue him.
But Mannn lost the case and was ordered to pay Dr Balls costs…Mann never paid………It cost Dr Ball a fortune in legal fees and ruined him…….the rest of his life was a misery……
ipso facto @ 19:40
Remember:
We’re all here because we’re not all there. 🙂
