1
00:00:00,160 --> 00:00:03,279
The largest gainer in the S and
P five hundred by far on that day,

2
00:00:03,319 --> 00:00:07,240
while the Dow and the S and
P were getting their ass added to

3
00:00:07,280 --> 00:00:13,240
them, So that put gold stocks
on the radar. I think for the

4
00:00:13,279 --> 00:00:18,280
general investor and these funds. Now, if once Q two comes out and

5
00:00:18,320 --> 00:00:21,519
we have another blowout core when you're
going to I mean, like I said,

6
00:00:21,559 --> 00:00:25,320
the gold prices averaged over twenty three
hundred dollars here in Q two,

7
00:00:25,719 --> 00:00:28,640
Unless you know, gold falls out
of bed for some reason in the next

8
00:00:28,640 --> 00:00:31,640
moment, it looks like it's going
to average over twenty three hundred and Q

9
00:00:31,719 --> 00:00:36,880
two. You're listening to Carrie Let's's
Financial Survival Network, where you get valuable

10
00:00:36,880 --> 00:00:42,320
information you just can't find anywhere else
to thrive in today's trying times. You

11
00:00:42,520 --> 00:00:49,039
need the Financial Survival Network now more
than ever. Go to Financial Survivalnetwork dot

12
00:00:49,079 --> 00:00:55,840
com and get your free newsletter and
gift. Financial Survival Network now more than

13
00:00:55,880 --> 00:01:03,759
ever. And well, you are
listening to and watching the Financial Survival Network.

14
00:01:03,799 --> 00:01:07,760
I'm your host, Carrie Lutz.
Well, gold has been blazing hot,

15
00:01:08,239 --> 00:01:12,439
same with silver. Today silver is
over thirty two bucks an ounce.

16
00:01:12,480 --> 00:01:18,319
We're just a couple more days left
to go in May, and will the

17
00:01:18,400 --> 00:01:23,400
junior miners shortly follows suit. That's
the question. Our good friend David Earthley

18
00:01:23,760 --> 00:01:29,079
is with us now, and of
course you know his site very well Junior

19
00:01:29,359 --> 00:01:33,640
Minor Junkie dot com. And if
you've got a question for David myself,

20
00:01:33,680 --> 00:01:38,000
shoot me an email kl at Carrie
Lutz dot com. David, Hey,

21
00:01:38,040 --> 00:01:41,239
it's great to connect with you.
It's been a while. A lot's been

22
00:01:41,280 --> 00:01:42,760
going on here. Hey, Kerry, great to see it you too.

23
00:01:42,920 --> 00:01:47,799
Man So Bryce a goal, you
know, twenty four hundred right now,

24
00:01:47,799 --> 00:01:52,159
it's start attacking it. Today is
a twenty three thirty something whatever, it

25
00:01:52,200 --> 00:01:57,439
doesn't really matter. At this point, we had to close over two thousand.

26
00:01:57,519 --> 00:02:00,680
It's never looked back. Now we're
looking at a potential monthly close for

27
00:02:00,840 --> 00:02:07,560
silver of thirty two or higher.
Yeah, it's interesting, you know.

28
00:02:07,640 --> 00:02:10,520
Once we've had, once we had
that thirteen year cup and handle breakout in

29
00:02:10,560 --> 00:02:15,439
the gold price above that twenty twenty
one hundred level, which had been resistance

30
00:02:15,479 --> 00:02:20,199
for thirteen years, the gold price
has taken off like a scalded cat.

31
00:02:20,800 --> 00:02:27,039
Once we had that technical confirmation when
we had a monthly close above twenty one

32
00:02:27,159 --> 00:02:29,560
hundred at the end of March,
and it was also the end of the

33
00:02:29,560 --> 00:02:35,240
first quarter. So yeah, and
now silver is appearing to do the same

34
00:02:35,280 --> 00:02:40,159
thing. At thirty dollars was resistance
for quite a long time, and it

35
00:02:40,240 --> 00:02:46,120
looks like we're going to have a
monthly close above thirty this Friday, which

36
00:02:46,159 --> 00:02:51,800
would be a technical confirmation of a
breakout in silver. And all this was

37
00:02:51,879 --> 00:02:59,039
foretold by both the miners and silver
outperforming the gold price over the past few

38
00:02:59,080 --> 00:03:06,400
months. And what's more important is
the silj which is the silver junior et

39
00:03:06,680 --> 00:03:12,400
F that's been outperforming not only the
miners, the gold miners, but it's

40
00:03:12,479 --> 00:03:19,280
also been outperforming gold. So we
got so we have the silver junior et

41
00:03:19,520 --> 00:03:23,560
F outperforming the miners, which are
outperforming gold and the gold price. So

42
00:03:23,680 --> 00:03:28,319
it's it's it's very bullish here for
for the precious metal sector. While this

43
00:03:28,439 --> 00:03:32,879
consolidation is taking place in gold,
and you have silver continuing to show this

44
00:03:32,879 --> 00:03:38,919
this relative strength. And more importantly, you take a look at the gold

45
00:03:38,960 --> 00:03:43,039
silver ratio. That eighty to one
level has been a level to watch for

46
00:03:43,120 --> 00:03:46,479
quite some time, and now it's
now it's trending below eighty. I think

47
00:03:46,520 --> 00:03:51,319
it's around seventy right now. So
you see that, you see that going

48
00:03:51,360 --> 00:03:54,080
down. That's very bullish for the
sector because silver, well, once the

49
00:03:54,080 --> 00:03:58,759
gold price breaks out and takes off, then silver joins the party and that's

50
00:03:58,759 --> 00:04:01,080
when you got a full blow bullmark
market in the precious metals. All right,

51
00:04:01,280 --> 00:04:05,680
So in your expert opinion, since
we're for gold anyway, we're heading

52
00:04:05,680 --> 00:04:12,240
into uncharted territory. Silver is still
trading just around two thirds of its all

53
00:04:12,280 --> 00:04:15,959
time high. How high can these
metals go? Oh? Well, you

54
00:04:16,000 --> 00:04:24,439
know, I don't like to make
broad forecasts, you know, for the

55
00:04:24,480 --> 00:04:28,519
future that much. I mean,
I'd be very happy with a thirty dollar

56
00:04:28,720 --> 00:04:33,319
floor in the silver price, along
with a twenty dollar floor in the goal

57
00:04:33,399 --> 00:04:39,040
price, which we already have.
But if you take a look at technically

58
00:04:39,360 --> 00:04:44,360
at the silver price, if we
get that monthly close above thirty two dollars

59
00:04:44,399 --> 00:04:47,879
this Friday, there's not a lot
of resistance until thirty four to thirty five,

60
00:04:48,480 --> 00:04:54,879
and I wouldn't be surprised to see
that that level scene visited rather quickly.

61
00:04:55,360 --> 00:04:58,600
We had a short squeeze going on
in the copper market, that is

62
00:04:58,680 --> 00:05:01,800
that is subsided, and now it's
transferred into the silver market. If you

63
00:05:01,839 --> 00:05:06,399
take a look at at Chinese demand, Chinese central bank demand, citizen demand,

64
00:05:06,399 --> 00:05:09,759
that's what's driving the market right now. I mean, if you take

65
00:05:09,800 --> 00:05:13,439
a look at the premiums in silver
and Shanghai, they're at twelve and a

66
00:05:13,480 --> 00:05:18,639
half percent the premium physical silver and
Shagai and the gold premiums are at over

67
00:05:18,680 --> 00:05:27,480
two percent. So that's what's driving
the market here is Asian demand. And

68
00:05:26,879 --> 00:05:30,480
Indian physical demand is really picked up
recently also, so you know, because

69
00:05:30,560 --> 00:05:35,279
you you know, gold is reigned
supreme in India, and when the gold

70
00:05:35,319 --> 00:05:40,399
price it has become too expensive,
they start buying silver. And that's what's

71
00:05:40,439 --> 00:05:46,199
happening in India. Barman's gold.
And we're coming up to the marrying season

72
00:05:46,279 --> 00:05:51,319
in India, the dowry season,
and that's when things generally really have taken

73
00:05:51,399 --> 00:05:56,360
off in India in the past,
so right, and there's also election going

74
00:05:56,360 --> 00:05:59,839
on there too right now. So
yes, a lot of interesting things happening

75
00:05:59,879 --> 00:06:04,560
in India. A lot of elections
taken place all over the place and leading

76
00:06:04,600 --> 00:06:11,720
to the general feeling of political geopolitical
instability. We got wars going on,

77
00:06:12,360 --> 00:06:15,319
not just the two wars that are
announced, but other wars that are a

78
00:06:15,360 --> 00:06:18,360
little more stealthy. It seems like
everyone in the world wants to kill each

79
00:06:18,399 --> 00:06:24,800
other. Unfortunately, yes, that
you know, that's that's the that's the

80
00:06:24,839 --> 00:06:30,040
perfect storm for the for the precious
metals here unfortunately. You know, as

81
00:06:30,079 --> 00:06:34,800
far as the geopolitical situation concerned,
that's that's keeping a solid that's keeping solid

82
00:06:34,800 --> 00:06:40,920
buying and in both silver, in
both silver and gold. Now, inflation

83
00:06:41,120 --> 00:06:45,680
is not waning, taxes are rising, America's debt burden is off the charts

84
00:06:45,720 --> 00:06:48,439
now. It's that the pause I
scheme, that is that is uh,

85
00:06:48,720 --> 00:06:55,360
the the basically the federal Reserve and
the US government is in full force now

86
00:06:55,439 --> 00:07:00,959
with a trillion dollars of debt being
added every year now and it's I think

87
00:07:00,959 --> 00:07:03,279
every hundred days, three hundred days, every one hundred days, a trillion

88
00:07:03,319 --> 00:07:08,199
dollars of debt is added and there's
no intention of paying it, paying any

89
00:07:08,199 --> 00:07:12,439
of it off. There just can
can continue going to going to finance old

90
00:07:12,439 --> 00:07:16,240
debt with new debt. And the
gold prices sniff that out. The gold,

91
00:07:16,399 --> 00:07:20,480
gold and silver both are breaking out
in all currencies. You know.

92
00:07:20,560 --> 00:07:25,480
That's what it took for the gold
price to finally becoming into a bull market

93
00:07:25,639 --> 00:07:28,560
was was for the gold price to
break out in the US dollar, which

94
00:07:28,600 --> 00:07:32,839
is a world reserve currency still,
and that's that's taking place. So you

95
00:07:32,879 --> 00:07:38,839
know, you've got the wars going
on, You've got the the inflation situation

96
00:07:38,959 --> 00:07:44,160
which is which is basically creating a
stagflationary situation. That's what gold sniffed out.

97
00:07:44,160 --> 00:07:48,920
Also, you know you've got you've
got inflation higher than the than GDP

98
00:07:49,079 --> 00:07:54,639
growth. We got another GDP number
coming out tomorrow and then a PCE inflation

99
00:07:54,720 --> 00:07:58,839
statistic coming out on Friday. That's
the Fed's preferred measure of inflation. And

100
00:07:58,879 --> 00:08:03,800
we know, we know those aren't
real inflation statistics. Anyway, Anybody who

101
00:08:03,800 --> 00:08:07,720
goes in the store and buys groceries
or has to has to pay it,

102
00:08:07,759 --> 00:08:11,879
has to pay a bill, knows
that inflation is a lot higher than what

103
00:08:11,920 --> 00:08:16,439
they say it is. In unemployment
is a lot higher than they say it

104
00:08:16,519 --> 00:08:20,519
is. I mean, most a
lot of these people are working two three

105
00:08:20,639 --> 00:08:24,519
jobs, and a lot of these
these new jobs have been government jobs,

106
00:08:24,519 --> 00:08:28,959
and government jobs don't add anything to
to economic growth. So, I mean,

107
00:08:28,079 --> 00:08:33,240
all these things are starting to manifest
themselves in the in the rising gold

108
00:08:33,240 --> 00:08:37,519
and sober prices. I couldn't agree
with you more. And you know,

109
00:08:37,600 --> 00:08:41,360
these government workers, that's kind of
an oxymoron, you know, exactly,

110
00:08:41,759 --> 00:08:48,000
exactly really, you know. But
hey, so the key is with all

111
00:08:48,039 --> 00:08:54,360
this uncertainty, all of this craziness
that's going on, opportunities get created,

112
00:08:54,480 --> 00:09:01,519
right, absolutely, yeah. I
mean the stock market he has kept going

113
00:09:01,639 --> 00:09:05,039
higher because of capital flows coming over
from Europe because things are much worse there.

114
00:09:05,159 --> 00:09:09,279
Just buy Dow Blue chips, put
your money there. And but the

115
00:09:09,320 --> 00:09:13,759
stock market is starting, it appears
to be starting to roll over here and

116
00:09:13,080 --> 00:09:20,559
into crash season, which is which
starts in August. So I mean the

117
00:09:20,960 --> 00:09:26,720
streets are littered with with shorts trying
to call a top in the stock market.

118
00:09:26,840 --> 00:09:30,279
I mean that's another thing keeping it
higher is shorts get aggressive when they

119
00:09:30,279 --> 00:09:33,200
start to see it rolling over,
and then they have to cover when when

120
00:09:33,279 --> 00:09:37,480
positive economic data comes out or when
when uh, positive earnings comes out in

121
00:09:37,480 --> 00:09:41,960
in a in a in a major
Dow company or a major AI company,

122
00:09:41,960 --> 00:09:46,559
you know in Vidia, now the
entire market cap in Vidia, you could

123
00:09:46,559 --> 00:09:52,799
buy the entire Canadian stock market now
market cap of Video. So just incredible.

124
00:09:54,759 --> 00:09:58,919
How how how how the AI bubble
just continues to grow you know,

125
00:10:00,159 --> 00:10:01,639
but that's you know, that's on
the outside, you know, that's that's

126
00:10:01,720 --> 00:10:05,240
the poster child is an video.
But underneath the if you look underneath the

127
00:10:05,279 --> 00:10:09,919
hood, a lot of these other
companies are are starting to roll over.

128
00:10:09,600 --> 00:10:13,720
But you know, I mean,
once we have a correction in the stock

129
00:10:13,759 --> 00:10:18,600
market, it's probably going to be
just that, just a correction of fifteen

130
00:10:18,600 --> 00:10:20,559
to twenty percent correction, and then
it's probably going to start going back up

131
00:10:20,600 --> 00:10:26,000
again. Well, you know that
rates have to be cut. Oh,

132
00:10:26,279 --> 00:10:28,080
they know it. They have to. Yeah, you know, in a

133
00:10:28,159 --> 00:10:31,440
rising inflationary environment. That's the thing
is gold is sniffing out. They're going

134
00:10:31,480 --> 00:10:37,519
to have to back off on that
fantasy two percent target and lower rates.

135
00:10:37,559 --> 00:10:41,120
And once that once, once,
once the market, once the market sees

136
00:10:41,159 --> 00:10:45,039
that, that's when the bowl market
really gets going. I mean, we're

137
00:10:45,080 --> 00:10:48,759
just in the early stages of this
gold boat market exactly. You take a

138
00:10:48,799 --> 00:10:52,240
look at at history. You know, I've been in this sector for over

139
00:10:52,279 --> 00:10:54,480
twenty years, and when I started
to get into it, it was five

140
00:10:54,559 --> 00:10:58,679
hundred dollars. Five hundred dollars gold
was that was the magic number, right

141
00:11:00,000 --> 00:11:03,919
dollar gold was unable to be vanquished. It was it created another cup and

142
00:11:03,960 --> 00:11:09,039
handle right below five hundred, and
it was about a thirteen forty twelve thirteen

143
00:11:09,120 --> 00:11:13,360
year cup and handle below five hundred. And once we had that monthly close

144
00:11:13,440 --> 00:11:16,840
about five hundred, gold doubled within
it. Within a couple of years,

145
00:11:18,039 --> 00:11:22,200
it got to one thousand dollars pretty
quickly. So if you take a look

146
00:11:22,240 --> 00:11:28,399
at that happening again, then of
course gold breaking out from a thirteen year

147
00:11:28,399 --> 00:11:33,399
cup and handle pattern below two thousand, a doubling would be four thousand dollars.

148
00:11:33,399 --> 00:11:35,759
So I wouldn't be surprised to see
gold at four thousand dollars within a

149
00:11:35,840 --> 00:11:39,600
year or so. Me neither,
And I have a couple of years on

150
00:11:39,759 --> 00:11:43,960
you. I started buying gold in
ninety nine at two hundred and eighty bucks

151
00:11:45,000 --> 00:11:50,759
announce wow. And and you know
I was always a gold bug from the

152
00:11:50,799 --> 00:11:52,879
time I was a kid. Yeah, me too. I went through my

153
00:11:52,919 --> 00:11:56,120
father's change when I was a kid
to find silver dimes. Yeah, silver

154
00:11:56,320 --> 00:12:03,320
orders. I still have them,
I remember. So this is nineteen sixty

155
00:12:03,399 --> 00:12:07,399
five. My brother came into the
kitchen and he had like a handful of

156
00:12:07,480 --> 00:12:13,639
silver quarters and he dropped them on
the floor. And you know how in

157
00:12:13,720 --> 00:12:18,000
that sound that client that you know
it's silver, and then he dropped the

158
00:12:18,519 --> 00:12:24,240
copper clad ones and new ones and
he's like he dropped the bottle cap on

159
00:12:24,320 --> 00:12:28,600
the floor. Yeah, garbage.
I never knew that that particular moment in

160
00:12:28,759 --> 00:12:33,840
life would have any effect over my
future. But here I am, you

161
00:12:33,879 --> 00:12:39,440
know, been here for fifteen years
espousing this sector, and let's face it,

162
00:12:39,480 --> 00:12:43,039
there's big difference between the metal and
the stocks. Oh, big,

163
00:12:43,039 --> 00:12:46,240
big difference, yes, especially during
this bull run. I mean this is

164
00:12:46,559 --> 00:12:52,720
he's not your father's bullmarket new But
the point is that eventually, you know,

165
00:12:52,759 --> 00:12:58,120
the metal will the stock should be
leading the metal. It hasn't been

166
00:12:58,159 --> 00:13:01,440
the case now, but eventually it's
going to happen. Because look, thirty

167
00:13:01,519 --> 00:13:05,679
dollars goal, thirty two dollars,
I mean thirty two dollars silver, David,

168
00:13:07,039 --> 00:13:09,480
What does that do to the economics
of every silver mine out there,

169
00:13:11,000 --> 00:13:15,879
including the byproduct? Oh they've been
they've been operating in a loss for so

170
00:13:16,000 --> 00:13:20,360
many years, you know, but
twenty five dollars all in sustaining costs has

171
00:13:20,399 --> 00:13:26,080
been basically the level. And now
that it's now that it's if once we

172
00:13:26,159 --> 00:13:30,840
have that floor at thirty, you
know, most of these silver producers are

173
00:13:30,879 --> 00:13:35,080
going to be profitable now, and
basically it's the but you want what you

174
00:13:35,240 --> 00:13:39,919
really want to look at is that
margin compression that held the stocks back for

175
00:13:39,960 --> 00:13:43,120
so long for the past four years. Right the Q one, you started

176
00:13:43,120 --> 00:13:48,559
to see it. In Q one, the gold price averaged just below twenty

177
00:13:48,639 --> 00:13:52,480
one hundred dollars an ounce, and
the silver price averaged I think around twenty

178
00:13:52,519 --> 00:13:56,919
three twenty two dollars an ounce.
And if you take a look at the

179
00:13:56,480 --> 00:14:00,279
at Q two, you know,
we've got another month to go in Q

180
00:14:00,360 --> 00:14:03,039
two, but the gold price is
going to it looks like it's going to

181
00:14:03,080 --> 00:14:09,039
average over twenty three hundred dollars.
That's that's that's you know, almost three

182
00:14:09,120 --> 00:14:15,519
hundred dollars probably going to berow three
hundred dollars higher than Q one. And

183
00:14:15,759 --> 00:14:20,080
these and these uh majors, these
these mining companies are are going to be

184
00:14:20,120 --> 00:14:24,679
throw are throwing off gobs of cash
now because what was happening before was we

185
00:14:24,720 --> 00:14:31,519
had we had margins, We're not
increasing as high as as a gold price.

186
00:14:31,600 --> 00:14:35,240
Right it was, margins were trailing
the gold price rise. But now

187
00:14:37,039 --> 00:14:43,039
margins are are rising, are basically
staying pretty much where they are, maybe

188
00:14:43,120 --> 00:14:48,320
rising a little bit while the gold
price has taken off. So these companies

189
00:14:48,399 --> 00:14:50,600
are are you know, they're Q
twos are going to be phenomenal. I

190
00:14:50,600 --> 00:14:56,559
mean Q when we had Q one
results. Uh. Several weeks ago,

191
00:14:56,639 --> 00:15:00,480
we had Numont, which is the
poster child for the gold mine sector.

192
00:15:00,600 --> 00:15:03,120
Right, I mean it's the only
gold stock on the S and P five

193
00:15:03,200 --> 00:15:09,440
hundred and it's also the world's largest
producer by double right, I mean Igniko

194
00:15:09,600 --> 00:15:13,960
now is number two, and they
produce almost twice as much as Igniko.

195
00:15:13,039 --> 00:15:18,120
Yeah, Barrack's no longer number two, it's now Igniko. So you have

196
00:15:18,600 --> 00:15:24,919
so but you have Numont's share price
hit eight hit around eighty bucks in early

197
00:15:24,960 --> 00:15:28,240
twenty twenty two, while the gold
price was still around two thousand. Well

198
00:15:28,320 --> 00:15:33,120
it got down to around it's COVID
low's around thirty even though the gold price

199
00:15:33,240 --> 00:15:39,039
was even higher. So when you
have the general that the general is,

200
00:15:39,240 --> 00:15:43,240
you know is basically Newmont. When
you have the general showing all this weakness

201
00:15:43,320 --> 00:15:48,399
and remaining in a down trend and
underperforming gold so much, then you know

202
00:15:48,480 --> 00:15:54,720
it basically sours people from the sector. But now recently you had Newmont have

203
00:15:54,840 --> 00:15:58,320
an off the charge quarter that it
was their first quarter after they bbbled up

204
00:15:58,360 --> 00:16:03,720
New Crest bandon off the darts quarter. The day they announced their their results,

205
00:16:03,799 --> 00:16:07,440
the stock was up twelve and a
half percent. It was it was

206
00:16:07,480 --> 00:16:12,360
the only it was the largest gainer
in the S and P five hundred by

207
00:16:12,440 --> 00:16:17,279
far on that day while while the
DOAL and the S and P were getting

208
00:16:17,320 --> 00:16:22,159
their ass handed to them. So
that put gold stocks on the radar.

209
00:16:22,720 --> 00:16:27,120
I think for the general investor and
these funds. Now, if once Q

210
00:16:27,200 --> 00:16:30,639
two comes out and we have another
blowout quarter, when you're going to I

211
00:16:30,679 --> 00:16:34,639
mean, like I said, the
gold prices averaged over twenty three hundred dollars

212
00:16:34,679 --> 00:16:37,759
here in Q two, unless you
know, gold falls out of bed for

213
00:16:37,759 --> 00:16:41,840
some reason in the next moment,
it looks like it's going to average over

214
00:16:41,039 --> 00:16:45,840
twenty three hundred and Q two.
These funds, these page funds, these

215
00:16:45,879 --> 00:16:48,960
fund managers, they're no, they're
no longer are going to be able to

216
00:16:49,240 --> 00:16:53,480
ignore this sector anymore. They're going
to have to participate, right And when

217
00:16:53,600 --> 00:17:00,759
you see a flood of funds and
big money coming into a small sector like

218
00:17:00,840 --> 00:17:04,519
this at once, I mean,
if you take the entire mining sector,

219
00:17:04,960 --> 00:17:08,880
it's it's got the that's basically got
the market cap of a round home depot

220
00:17:11,079 --> 00:17:15,960
of the entire sector, and funds
want to get in. I mean it's

221
00:17:15,079 --> 00:17:18,559
going to be you know, the
old case eupheism. I think it was

222
00:17:18,920 --> 00:17:22,319
trying to put Niagara Falls through a
garden hose. I love that euphemism.

223
00:17:22,799 --> 00:17:27,480
So that's basically what you're going to
see when these fund managers have to get

224
00:17:27,519 --> 00:17:33,720
into the into the goal, especially
if the stock market is starting to roll

225
00:17:33,759 --> 00:17:37,279
over at the same time this happened. So we're going to start to have

226
00:17:37,400 --> 00:17:45,160
Q two results in in I think
late June. So that's what we're geary

227
00:17:45,240 --> 00:17:49,359
up for. You know, while
the goal price is consolidating below that round

228
00:17:49,440 --> 00:17:53,440
number of twenty five hundred, that's
the number it was shooting for. It's

229
00:17:53,599 --> 00:17:57,599
it's got this you know, this
double top that everybody's looking at right now

230
00:17:57,640 --> 00:18:02,400
at twenty four fifty. So it's
brought in some healthy profit taking into the

231
00:18:02,400 --> 00:18:04,400
mining sector because it did get it. You know, it did go pretty

232
00:18:04,599 --> 00:18:10,039
far, pretty fast, so we
need some consolidation year. Uh but uh

233
00:18:10,119 --> 00:18:12,480
yeah, I mean this is just
the beginning. I mean, I know

234
00:18:12,559 --> 00:18:15,359
people are a lot of people are
frustrated with a lot of their juniors and

235
00:18:15,400 --> 00:18:22,680
not really performing myself included. But
you know, once it's this is the

236
00:18:22,680 --> 00:18:26,079
way it always happens. You know, the the majors move, and the

237
00:18:26,160 --> 00:18:29,880
royalty companies moved, then the mid
tiers move, and then the juniors move.

238
00:18:29,920 --> 00:18:33,440
And we've already seen some major moves
in a lot of these juniors,

239
00:18:33,000 --> 00:18:37,200
but we haven't seen the sector really
take off yet. I mean, there's

240
00:18:37,240 --> 00:18:41,839
still a lot of stragglers that you
know that have that a lot of these

241
00:18:41,920 --> 00:18:47,640
juniors they have great projects, but
they mismanaged capital markets and they've correct and

242
00:18:47,680 --> 00:18:51,480
they've ended up having to have too
much delution. So their upside is now

243
00:18:51,759 --> 00:18:55,880
is now lower than it was before. Say you accumulated a stock, you

244
00:18:55,920 --> 00:18:59,200
know, last year ahead of this, and you were expecting the gold price

245
00:18:59,240 --> 00:19:00,599
to break out, and you were
expecting the miners to take off and the

246
00:19:00,680 --> 00:19:04,039
juniors to take off with them,
and you were accumulating these stocks and they

247
00:19:04,079 --> 00:19:08,039
had ten times upside. But now
with the dilution that these companies were forced

248
00:19:08,039 --> 00:19:11,880
to take at lower prices, your
ten baggers have now become two or three

249
00:19:11,880 --> 00:19:21,119
baggers maybe at your accuterlation rice right, yep. They so with Newmont from

250
00:19:21,519 --> 00:19:25,960
twenty three to recently to April,
it made a perfect cup and handle.

251
00:19:26,920 --> 00:19:30,119
Yeah, it curfect exactly. Yeah, you've got a nice cup and handle

252
00:19:30,160 --> 00:19:33,119
in there. I mean it broke
its down trend. Yeah, and yeah,

253
00:19:33,160 --> 00:19:40,240
it's it's it's it's starting to lead
now. And that's that's what you

254
00:19:40,319 --> 00:19:44,119
need to see. You need to
see the leader lead and it's volid,

255
00:19:44,519 --> 00:19:47,799
but it needs to get above forty
five forty six. That's that's where Newmont

256
00:19:47,799 --> 00:19:51,440
gets getting. I think that's where
that's when a lot more buying comes in

257
00:19:51,519 --> 00:19:56,079
once. Once it gets above there
probably won't be much longer. I mean

258
00:19:56,160 --> 00:20:00,400
it should earnings should do it because
whatever, well yeah, I mean plus

259
00:20:00,440 --> 00:20:04,519
also you've seen Q two, you've
seen the oil price go lower. Yeah,

260
00:20:04,720 --> 00:20:07,759
so you've seen the oil price go
lower, and you've seen the gold

261
00:20:07,759 --> 00:20:12,640
price go exponentially higher. So you've
got you know, the added to three

262
00:20:12,720 --> 00:20:18,880
hundred dollars to your to the gold
price from the average you know, twenty

263
00:20:18,880 --> 00:20:22,440
seventy, twenty ninety and Q one, and you've got the oil price has

264
00:20:22,480 --> 00:20:26,000
also gone down a couple bucks,
you know, because you know, with

265
00:20:26,039 --> 00:20:30,519
these miners, especially you know Newmont, we've got these big open pit mines.

266
00:20:32,000 --> 00:20:34,920
You know, oil could be fifty
sixty percent of your cost. Easy,

267
00:20:36,319 --> 00:20:41,400
easy, It's the biggest single component
of yours structure. And then the

268
00:20:41,599 --> 00:20:45,759
labor which is just going higher than
nothing you can do about that. And

269
00:20:45,880 --> 00:20:48,960
then the US they're unionized as well, so yeah, they're all in sustaining

270
00:20:49,000 --> 00:20:55,359
costs around fifteen hundred I think right
around right, yeah. So so basically

271
00:20:55,400 --> 00:21:00,559
you should see a huge earning spike
in I don't know the insiders buying Neumont

272
00:21:00,559 --> 00:21:07,519
at all. I haven't noticed recently. I haven't checked that. But like

273
00:21:07,559 --> 00:21:12,799
I said, I mean you see
a back to back blowout quarters in the

274
00:21:12,839 --> 00:21:17,359
major, which is in the general, which is Newmont. They can no

275
00:21:17,440 --> 00:21:22,920
longer poopoo this sector anymore. And
you know, they've pretty much ignored it

276
00:21:22,960 --> 00:21:26,400
because there really hasn't been a reason
to get into it because of that margin

277
00:21:26,440 --> 00:21:29,759
compression. While the stock market continues
to go higher, AI continues to go

278
00:21:29,839 --> 00:21:33,799
higher, Crypto continues to go higher. Why why should we mess with these

279
00:21:33,799 --> 00:21:38,079
gold stocks that have been underperformers for
so long when we were making so much

280
00:21:38,119 --> 00:21:41,440
money in these other sectors. But
like I said, no longer ignore it

281
00:21:41,519 --> 00:21:45,680
once you know, once these Q
two reports come out, all right,

282
00:21:45,759 --> 00:21:49,839
So here I just popped up insider
trades for Newmont, oh Okay. In

283
00:21:49,880 --> 00:21:56,440
the past three months, there's been
twelve open market buys and one sell.

284
00:21:56,920 --> 00:22:03,599
In the past twelve months, there's
third tent five buys and thirty nine cells,

285
00:22:03,880 --> 00:22:11,839
which means that before this quarter there
were actually only twenty three buys and

286
00:22:11,880 --> 00:22:17,079
thirty nine cells. So that's telling
you everything you need to know there that

287
00:22:17,400 --> 00:22:22,519
the insiders know what's coming. They
bought one hundred to one hundred and seventeen

288
00:22:22,559 --> 00:22:27,079
thousand shares in the past three months. Oh in this sale was for nine

289
00:22:27,160 --> 00:22:34,519
hundred and thirty five shares. Basically, there were no insider sales on Newmont.

290
00:22:34,559 --> 00:22:38,440
Now I'm not telling anyone to buy
it or anything else because but you

291
00:22:38,440 --> 00:22:44,079
know the old saying there could be
many reasons why an insider sells shares,

292
00:22:44,279 --> 00:22:48,079
but there's only one reason why they
buy them, right, especially if they're

293
00:22:48,079 --> 00:22:52,519
buying in large blocks. Yeah,
I mean, and you know these juniors,

294
00:22:52,519 --> 00:22:55,839
you say, these little idy buys, and it's just it's just management

295
00:22:55,880 --> 00:22:59,920
tried to put lipstick on their pig. Yeah. Well, their directors bought

296
00:23:00,079 --> 00:23:07,839
little amounts, but the officer,
Peter Wexler bought seventy one thousand shares,

297
00:23:07,960 --> 00:23:11,359
so I don't know if he was
exercising. Those are options, you know.

298
00:23:11,640 --> 00:23:15,920
I can't spend the time right now
to analyze the pattern, but open

299
00:23:17,000 --> 00:23:22,279
market buys those are the ones we
care about, obviously, and those have

300
00:23:22,359 --> 00:23:29,640
been pretty vigorous. So interesting times
here, David, just tell us how

301
00:23:29,720 --> 00:23:33,799
we subscribe to Junior Minor Junkie and
why we should. Okay, yeah,

302
00:23:33,839 --> 00:23:40,279
you go to my website Junior Minor
Junkie with a y dot com. And

303
00:23:40,759 --> 00:23:45,000
I'm completely transparent with my trades,
with my investing, and I teach investors

304
00:23:45,039 --> 00:23:56,440
how to accumulate positions and how to
also basically what my service offers is it's

305
00:23:56,759 --> 00:24:02,119
basically a NonStop shop for the just
metal sector. I give you an each

306
00:24:02,319 --> 00:24:06,440
each weekly update, I give you
a macro picture of what's happening, and

307
00:24:06,480 --> 00:24:10,079
I do a little commentary, and
I also cover all the stocks that I

308
00:24:10,200 --> 00:24:14,279
own and that I recommend to subscribers. And I also have a watch list

309
00:24:14,319 --> 00:24:18,359
of twenty more that that that I
cover and top you know, the top

310
00:24:18,400 --> 00:24:23,319
news stories of the week, and
I break down technically what's going on with

311
00:24:23,319 --> 00:24:30,039
with each stock each week and what
I what I feel is what important events

312
00:24:30,039 --> 00:24:37,559
have happened recently in the sector during
that week. So and like I said,

313
00:24:37,559 --> 00:24:41,119
completely transparent. You know, all
the trades that I make, that

314
00:24:41,200 --> 00:24:42,440
I buy, that I sell,
the money that I made, the money

315
00:24:42,480 --> 00:24:49,000
that I lost, everything is is
basically all the information is there each week,

316
00:24:49,119 --> 00:24:53,359
updated for my subscribers to see.
So they say, they see my

317
00:24:53,480 --> 00:24:57,359
mistakes, so they they learn from
my mistakes as long as well as I

318
00:24:57,400 --> 00:25:03,200
do. And before I invest in
a company, I write up a full

319
00:25:03,240 --> 00:25:07,319
detailed report of the company and I
send it out to my subscribers and I

320
00:25:07,359 --> 00:25:10,880
say, hey, this is a
company I'm going I'm going to start buying.

321
00:25:11,599 --> 00:25:14,519
So we all try to get into
it at the same time. So

322
00:25:15,000 --> 00:25:18,279
uh, basically we're all in it
together in my service. I mean,

323
00:25:18,720 --> 00:25:21,960
you know, that's the only way
to do it, because you know,

324
00:25:22,559 --> 00:25:26,839
my big, my, my big
reason for investing in a stock in a

325
00:25:26,920 --> 00:25:30,720
junior is I want to see that
I want to see the management with skin

326
00:25:30,799 --> 00:25:33,960
in the game. I want to
see them participating. I want to see

327
00:25:33,960 --> 00:25:37,440
them putting their hard earned money into
the stock. So you know, if

328
00:25:37,519 --> 00:25:41,599
if if if if, that's that's
basically my number one rule before I get

329
00:25:41,640 --> 00:25:45,640
into a stock is I want to
see management participating in finances. I want

330
00:25:45,680 --> 00:25:49,880
to see management holding shares. Then
why not run my business that way?

331
00:25:51,039 --> 00:25:55,039
All the companies that that that I
recommend, I'm into and and I have

332
00:25:55,160 --> 00:25:59,200
large positions, you know. It's
it's it's it's a it's a very high

333
00:25:59,200 --> 00:26:04,160
network PORTFOLI. So it's basically a
trading service. So if you want to

334
00:26:04,240 --> 00:26:12,240
learn how to accumulate juniors and how
to take how to take responsibility of basically

335
00:26:12,319 --> 00:26:17,240
your your training and your risk management. I teach all that in my in

336
00:26:17,279 --> 00:26:19,279
my service. All right, excellent. Well, hey, it's always a

337
00:26:19,279 --> 00:26:23,319
pleasure having you on. If you
got any questions for David or myself,

338
00:26:23,480 --> 00:26:29,359
shoot me an email KL at Carrie
Lutz dot com. Link in the show

339
00:26:29,400 --> 00:26:33,000
notes to this interview on Financial Survival
Network dot com to david site. So

340
00:26:33,119 --> 00:26:37,519
please visit us, and while you're
there, sign up for your free newsletter.

341
00:26:37,880 --> 00:26:42,400
David. We're getting into exciting and
very interesting times here. Hopefully we'll

342
00:26:42,440 --> 00:26:45,680
all come out the other side with
more than we started. Thanks Kerrey,

343
00:26:45,720 --> 00:26:49,680
thanks a lot for having me on. Thanks for listening to Carrie Letz's Financial

344
00:26:49,759 --> 00:26:55,960
Survival Network. Your solution to today's
trying times. For the latest, go

345
00:26:56,039 --> 00:27:02,519
to Financial Survivalnetwork dot com. Financial
Survival Network now more than ever