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Brad Cooke: Silver Stocks Are Ready to Endeavor on an Epic Rally

Brad feels we were in the usual summer doldrums with silver mining stocks declining and consolidating. August has been pretty dreadful in the metal markets, flat earnings have caused sell offs. The sentiment was quite negative until the last couple of days. Things seem to have begun to turn around after the recent news about North Korea and the inactions in regards to U.S. legislation. Both gold and silver have broken their short term trends. We might be looking at a multi-week uptick from here.

The next secular move in gold and silver are based on fundamentals, not the Fed, Trump or Korea. They have everything to do with global debt and deficits. Korea happens to be today’s trigger the next wave up will be a different trigger.

Brad discusses recent developments with Endeavour Silver how they have recently hired a new VP of engineering and formed a technical service and mine development group. They have a lot of news coming out over the next few months in exploration and potential discoveries.

Endeavour is a higher than average cost producer, and our cash flow leverage is higher than most. A swing of $1.00 in the price of silver has a bigger effect for them than most companies. He thinks Silver is moving into a multi-year secular up leg.

Talking Points From This Week’s Episode
• Beginning of a new leg in the multi-year secular bull market.
• Future moves in PM’s are all based on fundamentals, government debts and deficits.
• Gold and Silver seem to have broken there recent short term trends.
• Summer doldrums seems to be easing and we could be in a multi-week uptick from here.

Mr. Cooke began his career as project geologist in 1976 managing mineral exploration programs for uranium, base metals and precious metals across Canada with Noranda Mines, Shell Minerals and Chevron Minerals. He later owned and operated Cooke Geological Consultants Ltd., discovering several high grade gold vein deposits. In 1988, Mr. Cooke launched Canarc Resource Corp., a junior gold exploration and mining company focused on exploring and developing prospective gold properties in the Americas. Mr. Cooke founded Endeavour Silver Corp. in 2003 for the purpose of acquiring high-grade silver-gold projects in Mexico. Since that time, the Company has acquired, rebuilt and expanded three silver-gold mines, making Endeavour Silver today one of the world’s fastest growing silver mining companies.