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Friday Conversation - Denver Dave Kranzler

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It's always great fun to visit with our old friend, Denver Dave. In the absence of your regular daily content today, please carve out some time to give this podcast a listen.

Over the course of this call, Dave and I tried to focus upon three main topics:

  • the current situation and the continuing Bank efforts to control price
  • what's next for The Fed and the other CBs as they fight deflation and illiquidity
  • where the mining shares are headed in Q4 and into 2021

And here's that long-term chart of the GDXJ that we discuss:

Once you've listened...and if you're looking for additional audio...I ask that you turn your attention to the podcast below. It was recorded back in Wednesday and I recall feeling like it went pretty well. Trevor does a great job and yours truly felt particularly well-rested and lucid that day.

Thanks again to Dave and Trevor for their help with these podcasts. I hope you have a great Friday and a relaxing weekend.

TF

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RickshawETFmack
Oct 10, 2020 - 8:33pm

Aurcana

I'd never watched a mine tour in detail like that.

What resonated with me was the statement that they control nine historic, proven, high-grade mines, and they have only explored three so far! They are focussing on just two of those three mines for 2021 production. Their main mine is the Revenue-Virginius, which is 5,000 ft. long. The vein continues off their property, so they have either purchased or leased an additional 10,000 ft. of property to the North, so that mine could eventually triple in length.

Edit: In July of 2006, my wife and I went on a photographic tour of the desert Southwest. We made a brief foray up into Colorado to photograph wildflowers in the mountains, and visited Yankee Boy Basin outside of Ouray, CO. On the drive from the main road up into the basin, we drove right past the entrance to the Revenue-Virginius mine! Small world . . .

mackRickshawETF
Oct 10, 2020 - 5:30pm

silver comes from the ground

great video. loved learning about narrow hi grade mining skills.

also worth a look at the shares!

thankyou

RickshawETF
Oct 10, 2020 - 3:11pm

Worth a Look . . .

This a very compelling story. Do the research, and decide for yourself.

I mentioned yesterday I had sold off my SAND (after disappointing production numbers for Q3), and bought Aurcana Silver. Aurcana is currently selling at a 20% discount to its 52 week high, but is still up over 200% YTD. Probably the reason for their current price is a delay in their initial production from their Revenue-Virginius mine, which has been delayed from Q4 to Q1 of 2021.

Just look at the numbers:

Measured & Indicated Resource: 29.9Moz AgEq @ 30.3 AgEq oz/st

Life-of-Mine AISC of $8 per oz Ag

Market Cap: $151M

They have a 500 ton per day mill, that they will be running at 60% capacity, initially. They also plan to high-grade their ore (up to 900 oz/ton!) for the first year or two, in order to pay off their debt.

They're in a safe jurisdiction -- Colorado!

There's still plenty of risk here, but if silver prices continue to rise, you can be owning a piece of the highest-grade silver mine in the world . . .

World’s Highest-Grade Silver Mine Site Tour: Aurcana Silver Corporation
AGXIIKDeaconBenjamin
Oct 10, 2020 - 2:13pm

Take one part Angle, diced Scots(hard to clean), a soup can of

Saxon, a peck of Pict, a spot of Scot; cook it all in a big Jute crock pot and voila, what do you have.

A cranky crew of French hating people who can't dance fer shit but most certainly able to tune up the best of them with sword, spear, bow, mace and morning star.

If Einstein gave it a few minutes thought of what we'd use for weaponry if someone pressed the Big Red Button, look no further than my armory

DeaconBenjaminAGXIIK
Oct 10, 2020 - 11:09am

Reminds me of Kipling

THE WRATH OF THE AWAKENED SAXON
by Rudyard Kipling


It was not part of their blood,
It came to them very late,
With long arrears to make good,
When the Saxon began to hate.

They were not easily moved,
They were icy -- willing to wait
Till every count should be proved,
Ere the Saxon began to hate.

Their voices were even and low.
Their eyes were level and straight.
There was neither sign nor show
When the Saxon began to hate.

It was not preached to the crowd.
It was not taught by the state.
No man spoke it aloud
When the Saxon began to hate.

It was not suddenly bred.
It will not swiftly abate.
Through the chilled years ahead,
When Time shall count from the date
That the Saxon began to hate.

allenbAGXIIK
Oct 10, 2020 - 10:32am

Civil uprising

AGXIIK,

A pleasant weekend to you Sir!

Yes i agree. Civil uprising and overthrow of government is never off the table. People in all societies can only take so much of being told to live in a way that they don't want. That has been proven throughout history. I also agree the left has nefarious plans for the control of society and implementation of a New World Order. The belief in the superiority of a pre dominantly state controlled system says it all.

I was referring to a Mad Max total breakdown where all order is lost and every man is for himself.

Communication advances have made the world a smaller place and, consequently, social groups are larger and more intertwined making them more likely to stick together and cooperate against a common enemy such as a totalitarian order. At least i hope that is the case.

AGXIIKallenb
Oct 10, 2020 - 9:58am

Your humble opinion is just fine with me allenb

Back in the day when my bog trotting Celtic and Pict ancestors kicked Julius Kaiser's ass clean off my island, there's a very large part of our genome that says, 'don't rile us up or the consequences will be dire.' Supposedly Yamamoto said that too.

I am of the opinion that most Americans, whether native born or immigrated here, have very few strands of peaceful DNA.

There's something unique about America that attracts the sort of tough sons of bitches who one moment would give your their coat and buy you lunch, yet tomorrow would fight the bad guys to the end and never relent. It doesn't mean we're bastards, but it does mean we do not like to be messed with. Like a bear, don't run our fur the wrong way.

Should the fuzzy headed lefties find themselves thinking we're pushovers, and given the fact that 5,000,000 people, many of whom vote left and live in lefty gulags and bought their first gun this year, a fact alone amounts to 50% more than the entire Red Chinese army including reservists, they are finding out that underestimating us comes with severe costs.

IMHO

PS I find what the lefties have in store for us is far worse than buying a home in which the HOA demands I buy a golf membership.

Like Patrick Henry said---Give me liberty or death but please---not golf. It ruins a good walk or fine shooting range. Or maybe I'll go Nathan Hale; having but one life to give for my country but not for golf.

Apologies Turd. Golf ain't my game. But it does have a redeeming factor. It uses clubs. Clubs are good

Texas Sandman
Oct 10, 2020 - 9:49am

as i said yesterday...

per michael oliver the gold correction is over.

he now sees gold spiking to the upside over the next year.

if you can stand king world news, here's the interview:

https://kingworldnews.com/michael-oliver-10-10-2020/

Visit the FAQ page to learn how to track your last read comment, add images, embed videos, tweets, and animated gifs, and more.

cmolson
Oct 10, 2020 - 9:49am
allenbmetallionnaire
Oct 10, 2020 - 9:28am

James Howard Kunstler

metallionaire,

Thanks for posting that interview. I certainly agree with what he said at the end regarding humans being resilient and adaptive and also a leadership void. I would be very surprised if we get a "Mad Max" scenario in the event of a total financial collapse. He refers to social breakdown after the Romans left Britain but the truth is it was a return to an older society for a country that had been occupied by a foreign army and had another culture forced upon it. That is not the case for any of our countries today (we have not yet reached the extremes of being forced to live under an alien culture at the barrel of a gun). If things are allowed to go further and we end up living in a New World Order Brave New World then we could enter a new "Dark Ages" era and the fall could be hard and anarchic when the inevitable breakdown comes (no system of total control has ever lasted because it goes against our natural desire for freedom IMHO). We are social animals and we have a strong tendency to cooperate within our societal groups when faced with an existential threat and with other groups when beneficial in some way. Violence erupts when our identification with our individual society is exploited by those who seek to expand their power. If violence and destruction to those not in our group was our most dominant trait then we would have killed each other off by now. We would not need power hungry leaders to trick us into killing each other. All IMHO of course.

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