David Jensen: As Palladium Continues To Soar, Is Platinum Next...

13 hours 15 min ago

So I was fortunate to have David join me on the show and explain what’s happening. Explain how the imbalance is going to have to be resolved. And share what he’s now seeing in the platinum market, where the lease rate indicates a similar pattern might soon be underway. Of course this does have the potential to filter over to the other precious metals markets like gold and silver. So to find out what’s happening from the man who forecast it over a year in advance, click to watch the interview now!

World’s Largest Primary Silver Miner Production Plunges

Silver production at the world’s largest producer fell significantly in the first quarter of the year. Fresnillo PLC reported a decrease in silver production in Q1 2019 versus the same period last year, due to lower ore grades and reduced volumes of processed ore at its Fresnillo Mine. Furthermore, while silver production fell the most at its Fresnillo Mine, the company also experienced declines at its Saucito and San Julian Mines. Total silver production at Fresnillo PLC dropped by 15% in the first quarter compared to the same quarter in 2018.

New Pacific Reports First Results from 2019 Drill Program at Silver Sand, Bolivia – Continuing intersecting wide silver mineralization near surface including 169 g/t silver over 144.2m

The 2019 drilling program at Silver Sand commenced in late April and is expected continue throughout rest of the year. These first eight holes were part of the infill drilling program to bring drill hole density to approximately 25 metre by 25 metre spacing and to produce a mineral resource estimate in accordance with NI 43-101 at the end of 2019. These holes were approximately oriented at azimuths of 60 degrees and dips of -45 degrees. These first eight infill holes have intercepted significant silver mineralization similar to those reported from the 2018 drilling program, and adequately confirms the continuity of mineralization within the drilled extents.

New Pacific Reports Continued Exploration Success at Silver Sand Including Wide Mineralization Intercept of 104.5 metres grading 183 grams per tonne Silver

New Pacific is a Canadian exploration and development company which owns the Silver Sand Project in Potosí Department, Bolivia and the Tagish Lake gold project in Yukon, Canada. New Pacific has Silvercorp Metals Inc. (TSX/NYSE American: SVM) and Pan American Silver Corp. (TSX/NASDAQ: PAAS) as its 28% and 16.8% shareholders.

What the Rally in Gold Means for Silver Prices (video)

Bloomberg: In this edition of "Charting Futures," Interactive Brokers Chief Strategist Steve Sosnick examines the rally in precious metals with Bloomberg's Abigail Doolittle on "Bloomberg Markets: The Close." (Source: Bloomberg)

Fool's Silver: Why Most “Silver Miners” Don't Live Up to Their Name

If you buy shares in a silver mining company, you will have to assume additional market risks compared to ownership of silver bullion. You may wish to do so in order to potentially gain leveraged exposure to silver prices. What you may not realize, however, is that most of the publicly traded “silver” stocks out there are primarily in the business of mining other metals – sometimes gold, often copper, zinc, lead, and other base metals.

Will Silver’s Surprising Summer Surge Continue?

Just a few weeks ago, silver naysayers told us we’d have to wait months, or even years, before the market made a big move. Now they are eating their words! The white-hot metal surged past $18.50/oz this morning to reach its highest level in more than two years. Silver is up more than 13% in the month of August alone, a time when many precious metals analysts had expected summer doldrums. Even some long-term silver bulls became short-term bears.

New Pacific Continues Reporting Wide Drill Intercepts at Silver Sand Including an Intercept of 93.5 Metres Grading 336 Grams per Tonne Silver

Since the release of assay results of second batch of 31 drill holes on August 6, 2019, the Company has received assay results of an additional 20 drill holes from Silver Sand Project which were drilled to infill the drill grid to a density of 25 metres by 25 metres to confirm continuity of mineralization in selected areas drilled in 2018. Holes were approximately oriented at azimuths of 60 degrees with dips of -45 degrees normal to the strike and dip of mineralized structures. All holes continuously intercept significant wide silver mineralization in fractures developed in bleached quartz sandstones. Drill hole DSS525006 intersected the mineralized zone of 165.5m @ 204g/t Ag including a bonanza grade subzone of 45.0m @ 641g/t Ag. The drill results indicate that high grade centres exist in broad mineralization.

Silver/Gold Ratio Is a Guide As Inflation Signals Fade Again

The interplay between gold and silver is a critical component to understanding what is out ahead; to understanding whether long-term Treasury yields will rise and if they rise, whether it will be due to inflationary pressures. It is a critical component to understanding whether cyclical commodities and other aspects of a greater inflation/reflation trade will finally break existing downtrends. See…

New Pacific Acquires the Silverstrike Project, Bolivia

The Silverstrike Project, at an elevation of 4,000 to 4,500 metres (“m”), is located approximately 140 kilometres (“km”) southwest of La Paz, Bolivia or approximately 450 km northwest of New Pacific’s Silver Sand Project. The Silverstrike Project consists of nine (9) Special Temporary Authorizations (“ATEs”) with an area of approximately 13km2 currently in the process of conversion to ‘Mining Administrative Contracts’ before AJAM. The Vendor has also applied for exploration rights over areas surrounding the Silverstrike Project as part of the transaction.

Mining Stocks Are Historically Cheap

While the micro-cap junior exploration stocks are by far the cheapest segment of the mining stock sector in terms of potential risk/reward, investor distaste and market inefficiency occasionally feeds prospecting mining stock investors an expected “golden nugget,” if you will. Fortuna Silver is a current example. Chris Marcus invited me onto his Arcadia Economics podcast to discuss why I put a strong buy on FSM in July when the rest of the market was dumping the shares:

Discovery Drill Hole Intercepts 72.4 Metre Mineralization Grading 279 Grams per Tonne Silver, Including 33 Metre Mineralization Grading 517 Grams per Tonne Silver at the Snake Hole Prospect

New Pacific Metals Corp. (TSX-V: NUAG) (OTCQX: NUPMF) (“New Pacific” or the “Company”) is pleased to announce the assay results of the first 19 holes of the initial 24 hole, 6,000 metres, exploration drill program at the Snake Hole prospect, Silver Sand Project, Bolivia. Snake Hole is one of nine high priority silver targets identified by the Company and is located approximately 600 metres east of the core area of the Silver Sand Project. Fifteen of the nineteen drillholes returned significant results defining structurally controlled, sandstone-hosted, silver mineralization similar to the main Silver Sand area. Drill highlights are as follows..

Silver Technical Update (video): Not keeping up with gold

Dr. Copper down hard, silver following too. Gold to Silver ratio showing that silver is not keeping up with gold prices. Ratio nearing 90 ounces of silver to 1 ounce of gold. Lower highs, lower lows, silver not trending. Copper prices could get a bounce, highly oversold. Platinum fighting 18 day moving averages of closes but trending lower, with bias down. Palladium lost its bullish embedded reading, it often leads to a pullback to its 18-d.m.a. Momentum lost, has to rebuild.

David Jensen: As Palladium Continues To Soar, Is Platinum Next...

So I was fortunate to have David join me on the show and explain what’s happening. Explain how the imbalance is going to have to be resolved. And share what he’s now seeing in the platinum market, where the lease rate indicates a similar pattern might soon be underway. Of course this does have the potential to filter over to the other precious metals markets like gold and silver. So to find out what’s happening from the man who forecast it over a year in advance, click to watch the interview now!

Santa's Stockings Have Silver

Massive upside breakouts are taking place across the precious metals sector. Many mining stocks, especially silver-oriented, are skyrocketing. How is it possible that silver stocks are ripping to one fresh new high after another, leaving bullion behind? Well, there is commercial trader bullion shorting activity on the COMEX. Money managers are buying silver stocks, not COMEX contracts, and it doesn’t take much money flowing into these stocks to push them dramatically higher. A COMEX silver price surge is coming though, because there are two big inflationary forces at play. First, the easing of trade tensions is opening the door for global growth in the late stage of the business cycle. That’s incredibly inflationary. Wage growth and consumer spending growth in China (Consumer spending growth is above 20% in some major Chinese cities now) is going to push prices higher in both China and the West. This growth-oriented inflation can be called “good inflation”.

Mining Stocks Are Historically Cheap

While the micro-cap junior exploration stocks are by far the cheapest segment of the mining stock sector in terms of potential risk/reward, investor distaste and market inefficiency occasionally feeds prospecting mining stock investors an expected “golden nugget,” if you will. Fortuna Silver is a current example. Chris Marcus invited me onto his Arcadia Economics podcast to discuss why I put a strong buy on FSM in July when the rest of the market was dumping the shares:

"The Great Silver Debate" Part 2: Chris Marcus vs. Mickey Fulp

The Great Silver Debate Part 2: Chris Marcus vs. Mickey Fulp One of the things that's really interesting about silver is that it might be one of the most divisive asset classes in today's financial markets. Some (like myself) think silver might be even better than multiple loaves of sliced bread! While others think I'm off my rocker and don't see the value. So who's correct?

Michael Pento: The Right Time To Invest In Silver and Silver Mining Stocks

While there’s a great investment case to be made for silver bullion and silver mining stocks, the timing remains the key issue. Although fortunately in a recent interview, Michael Pento of Pento Portfolio Strategies shared what he's looking for. And when he thinks it's time to invest in silver and the silver mining stocks.

Favourable Conditions Are Likely To Propel Silver Much Higher

These are setting up really favourable conditions for Silver prices and the position it has in the international monetary system. The expectation for much higher Silver prices are certainly reflected in the charts. I have previously presented this chart (now updated) to show how the current bottoming process (2015 to 2018) is similar to that of 2001 to 2003:

Discovery Drill Hole Intercepts 72.4 Metre Mineralization Grading 279 Grams per Tonne Silver, Including 33 Metre Mineralization Grading 517 Grams per Tonne Silver at the Snake Hole Prospect

New Pacific Metals Corp. (TSX-V: NUAG) (OTCQX: NUPMF) (“New Pacific” or the “Company”) is pleased to announce the assay results of the first 19 holes of the initial 24 hole, 6,000 metres, exploration drill program at the Snake Hole prospect, Silver Sand Project, Bolivia. Snake Hole is one of nine high priority silver targets identified by the Company and is located approximately 600 metres east of the core area of the Silver Sand Project. Fifteen of the nineteen drillholes returned significant results defining structurally controlled, sandstone-hosted, silver mineralization similar to the main Silver Sand area. Drill highlights are as follows..

There Is Still Time To Get Silver

Silver appears to be very close to an even bigger move higher. Most of the hard work of the double-bottom since 2015 is done. The coming leg higher is the one that will likely take prices to all-time highs. Below, is a long-term Silver chart..

Silver Could Be Close To An Important Resolution

If this USD/ZAR continues its fall, then we could see a massive silver rally soon. We are still in a very positive period for Silver, and my opinion a very good period to accumulate for the long haul.

Silver Prices Likely To Go “Exponential” – Guggenheim Co-Founder

Silver is “the number one conviction trade in 2020” Minerd, who is also the Guggenheim Global Chief Investment Officer (CIO) told Bloomberg whose conviction trade was greeted with surprise by Bloomberg’s Tom Keene and Jonathan Ferro

Silver Technical Update (video): Not keeping up with gold

Dr. Copper down hard, silver following too. Gold to Silver ratio showing that silver is not keeping up with gold prices. Ratio nearing 90 ounces of silver to 1 ounce of gold. Lower highs, lower lows, silver not trending. Copper prices could get a bounce, highly oversold. Platinum fighting 18 day moving averages of closes but trending lower, with bias down. Palladium lost its bullish embedded reading, it often leads to a pullback to its 18-d.m.a. Momentum lost, has to rebuild.

The Dow Points To Higher Silver Prices For Years To Come

I have done a type of cycle analysis to show how major Silver rallies interact with the Dow. Historically there is an established pattern of credit extension, during which the Dow benefits proportionally more than Silver prices do. Once the Dow’s rally has run its course, Silver prices catch up while the Dow corrects or goes sideways.

Fortuna Silver Mines: Going for the Gold

Fortuna Silver, one of the stalwarts amongst primary silver producers is now in the transition phase from deriving roughly and equal amount of revenue from both silver and gold. Like so many primary silver producers over the last decade, the dearth of primary silver deposits (that which derives more than 65% of total revenue from silver) basically forced Fortuna to look at gold and gold development projects as the best way to grow.

Why silver prices may climb to their highest yearly average since 2014

Silver has fared better than some of its metal peers against the backdrop of a disease-threatened global economy, in part because of its dual role as both a precious and industrial metal.

Interview with Peter Spina: Is It Time To Give Up On Silver and Gold?

With stocks like Tesla setting new astronomical highs, almost by the day, while gold and silver continue to get pounded by the bullion banks, is it time to finally give up on the precious metals? If you’ve been invested in gold and silver over the past few years, there’s a good chance that question has entered your mind. Although perhaps that’s why I was so fortunate to have Peter Spina (who runs GoldSeek and SilverSeek) join me on the show to share his always insightful perspective.

David Jensen: As Palladium Continues To Soar, Is Platinum Next...

So I was fortunate to have David join me on the show and explain what’s happening. Explain how the imbalance is going to have to be resolved. And share what he’s now seeing in the platinum market, where the lease rate indicates a similar pattern might soon be underway. Of course this does have the potential to filter over to the other precious metals markets like gold and silver. So to find out what’s happening from the man who forecast it over a year in advance, click to watch the interview now!