Mining managers see opportunities

2021 has been another lousy year for precious metal mining investors. Year-to-date the HUI index of unhedged gold or silver miners has shed about 16%. The yellow metal closed 2020 at $1898/Oz and is in for a modest decline at around 5% over 2021. Precious metal mining CEO's look at the scene from a different angle.

Omicron crisis affecting all markets

How little do we know about the new Omicron variant of the Corona virus? The less we know, the more we fear. Hence markets have found a valid pretext for a brutal sell-off. Were valuations overstretched? For most stocks that cannot be denied. If the stock market decline coincides with a slowing economy, stock price targets may need to be revised down significantly. If this perspective unfolds, stocks will look even more pricey after a 10% decline from current levels.

Agnico Eagle and Kirkland Lake will merge

Negotiations between the two partners have been ongoing for some time, but the news was revealed only last week. Agnico Eagle CEO Sean Boyd discussed the benefits of his company’s proposed merger with Kirkland Lake Gold.

Early autumn precious metals and miners conferences

With summer and the US labor day behind us, a few conferences have taken place, usually in mixed mode: partly virtual and partly on venue.

There was the (33rd) Denver annual Gold Forum (in Colorado Springs) and the 2021 Precious Metals Summit in Beaver Creek (also Colorado).

Oversold miners; Lagging gold

The yellow metal peaked in August 2020 at an all time high, with miners following in the slip stream. While little over one year later, gold is less than 15% off its peak, miners are oversold and lagging gold.

Freedom Fest 2021

Michelle Makori of Kitco News heads off interviewing libertarian Yaron Brook.

Writing a short duration put

You are about to write a limited buy order on a very liquid stock. Imagine what your stock broker might do.

Contributor driven miner and explorer list

The contributor driven miner and explorer list goes back nearly a decade, but only few of the original contributor picks have been maintained throughout that period.

Gold miners regain their regression trend line

Since the summer of 2018, the HUI gold miners index has been following a regression trend line relative to gold. The emerging trend was first described in September 2019 and confirmed last year.

Freegold Forum

Apr 10, 2021; 

Disambiguation: 

"Freegold" usually stands for a non-managed and non manipulated gold market. Freegold adepts are wary of future trading, since this allows both naked shorts and speculative longs, both of which tend to distort price discovery. The original ideas stem from 'The gold trail' which still can be read on UsaGold. Fofoa (link) follows that line of thought.

'Freegold' also is one of the former South African gold miners which has been consolidated into Anglogold Ashanti.

'Freegold Ventures Ltd' is a Canadian gold explorer, mainly focusing on an Alaskan copper-gold project "Golden Summit".

This short article is addressing active posters of the Freegold Forum. 

Crédit-Suisse Global Investment Returns Yearbook 2021

The Crédit Suisse Global Investment Returns Yearbook 2021 was released early March. The summary version is available at the Crédit Suisse Research web site. The current edition includes the complete chapter on emerging markets.

Gold Stock Analyst investor day hosted on-line

Gold Stock Analyst investor day will be hosted on-line on March 28. Stansberry conferences will provide the technical support. The GSA investor day is a yearly event where John Doody invites CEO's of his Top-10 Gold mining investor shortlist and of the Top-5 silver miners list along with a few elite prospectors, developers and near-term producers.

PDAC 2021 also went virtual

This week, the PDAC 2021 took place on-line from Monday (March 8) till Thursday, succeeded by a few short tutorial courses on Friday March 12. Participation in and viewing of the discussions was possible only upon prior registration. 

No thaw for gold and silver mining

Europe and the US thaw up after some severe winter weather. Winter frost continues however for gold and silver miners. Not only has gold retreated $317 or 12.5% from its early August all-time-high, gold miners have been lagging: the HUI miners index slid 27.5% over that same time stretch.

Vancouver Resources Investment Conference (VRIC) 2021

 As foreseen, one more conference that went virtual in 2021. The on-line attendance was largely compensating for this, I am told. The number of YouTube sequences seems somewhat less overwhelming at first sight, however the videos of Cambridge House give a full coverage.