KER Commentary – Mon 4 Jan, 2016

LPG and Doc with comments on China’s impact on markets and PM stocks

We are joined by LPG and Doc to dive further into the impact of China on markets around the world. We then move into the movements in the mining stocks. There are some great stocks out there but do not paint all the mining and PM stocks with the same positive brush.

Click download link to listen on this device: Download Show

Laurent-Patrick-GallyRichard PostmaAl KorelinCory Fleck

  1. On January 4, 2016 at 12:11 pm,
    Agatha says:

    Boy LPG– are you lucky to be where u r!!!
    Im v jealous.
    old agatha

  2. On January 4, 2016 at 12:19 pm,
    LPG says:

    Hope the volume was better this time and that you could hear me more clearly – although I suspect you still have to “deal with” the French accent 😉
    Best to you,

  3. On January 4, 2016 at 12:25 pm,
    Agatha says:

    Doc.. 200 average on daily or monthly..

    • On January 4, 2016 at 12:45 pm,
      RICHARD (DOC) says:

      200 week MA on 3 stocks with another one about to close up above in a few weeks.

      • On January 4, 2016 at 1:08 pm,
        Agatha says:

        on the weekly or daily Doc…???????

        • On January 4, 2016 at 3:01 pm,
          Cory says:

          Hi Agatha,

          He was referring to the weekly chart and the 200 week moving average. I hope this helps!

  4. On January 4, 2016 at 12:26 pm,
    Agatha says:

    LPG— heard every word and LOVE the accent!!

    • On January 4, 2016 at 12:39 pm,
      Big Al says:

      He did decide to speak up Agatha.

    • On January 4, 2016 at 5:10 pm,
      Excelsior says:

      Watch out LPG……I think you have an admirer. Chris Temple is going to be jealous!


  5. On January 4, 2016 at 12:31 pm,
    Bob UK says:

    What happened at midday folks – lots of stocks seem to have begun trending up from around noon.

    Plunge protection team go into work?

    • On January 4, 2016 at 12:37 pm,
      Big Al says:

      Anything is possible. Today would certainly be a logical day for it to take action.

  6. On January 4, 2016 at 1:12 pm,
    Agatha says:

    Doc— you mean the daily chart for the 200 average…

    • On January 4, 2016 at 2:46 pm,
      LPG says:

      What Richard meant was that he was referring to the 200weeks moving average based on the weekly charts.
      Hope that helps.
      Best to you,

      • On January 4, 2016 at 3:01 pm,
        Agatha says:

        it certainly does thanks LPG
        you wouldn’t enjoy being where I live tonight…..frigid

  7. On January 4, 2016 at 5:10 pm,
    Mark Gix says:

    can’t you tell all of us 3 or 4 gold/silver stocks that have already bottomed according to you? 🙂

    • On January 4, 2016 at 5:46 pm,
      Agatha says:


    • On January 4, 2016 at 5:53 pm,
      RICHARD (DOC) says:

      Mark, the 3 stocks that I’m following closely that have closed over the 200 week MA are Claude, Richmont, and Novagold. Another one that will in the next few weeks appears to be Premiere Gold. Remember that the first 3 mentioned should receive support from the 200 week MAs below them. Another important thing to consider is that the 200 week MAs are still trending down and therefore these stocks should not “get ahead of themselves”. I’m in no hurry to necessarily accumulate positions since the 200 week MAs as mentioned are still trending down and will need to flatten out and then move up to get me really excited. That should take place toward the end of this year. I hope this information helps.

      • On January 4, 2016 at 7:27 pm,
        Excelsior says:

        Doc, I’m not sure if you saw this yet, but it is worth a quick look.

        Brian had a very good post yesterday from Spock on some of the Senior & Jr Gold miners he follows and on his 4 phase system. On this chart below he has identified Claude, Richmont, Novagold and Premiere Gold as in Phase 2 and starting their upswing. The ones with a 4 haven’t finished bottoming yet based on his method.

        • On January 4, 2016 at 7:29 pm,
          Excelsior says:

          As a heads up to everyone, there really is a wealth of technical information on the primary website where multiple contributors post great charts:

          • On January 4, 2016 at 7:34 pm,
            Excelsior says:

            For example this was a very telling chart and it coincides with the $1142-$1146 range I thing Gold will move up to inside of the larger descending wedge pattern:

            ” Posted by Surf City @ 12:39 pm on January 4, 2016- Gold Cycle Update”

            “The attached chart is from last week showing a fractal comparison between the price action we are seeing now and the last IC Low in July/Aug. While my cycle count is muddled here due to the price wedge, the fractal comparison to July/Aug timeframe shows how gold consolidated after that IC low and what happened once price moved to the upside of the wedge.

            If this is also and IC Low consolidation, my expectations are that we will see a similar new IC bounce up towards 1125-1145 before topping out. Any move higher would break some important resistance lines.”


        • On January 5, 2016 at 8:14 am,
          Mark Gix says:

          Interesting stuff Excelsior!
          What I fouNd interesting are Integra (ICG.V) and Banro (BAA.TO),anyone else have opinions on these 2 companies?
          Whats hot: Banro (BAA or BAA.TO) and Integra (ICG.V). Banro has cut a deal last week with the Chinese in order to realize their extensive resource bank. Currently, the market values their gold resources at about $3 per oz. They have a second mine ramping up and expect positive news this month, regards their second mine reaching steady state commercial operation. Although it has debt on the balance sheet, the Chinese have effectively underwritten the company future. Banro wants to mean revert on the chart and I expect it to get re-rated over coming weeks. I will go on a limb and say its bottomed and in stage 1 basing now.

          Integra is now entering a stage 2 uptrend. This is the stock you just have to own. The numbers are compelling. Its an agressive gold development company, sitting on a potential company maker deposit, in elephant country…where you find elephants. The Abitibi greenstone belt in Quebec called “valley of Gold”. It has that name for a reason. Based on current resources, and their fully operational and owned mill, which they acquired for $8 million, and its worth $100 million, the internal rate of return for the mine should be about 77%. Thats based on the current resources, but they have 7 drill rigs on site and will expand this to 10 early next year. Eldorado and Sprott are shareholders.

    • On January 4, 2016 at 5:56 pm,
      RICHARD (DOC) says:

      Mark, the stocks mentioned are gold stocks. Most of the silver stocks haven’t bottomed yet in my view whereas, some of the gold stocks have. 3 silver stocks I closely follow are PAAS, EXK, and GPL. This isn’t investment advice but recently I took a small position in GPL and will add on pullbacks.

  8. On January 5, 2016 at 6:52 am,
    Mark Gix says:

    Thank you for your kind answer Doc!
    Premier and Novagold will be two of my next buys ,I already own PAAS.
    I have bought lately Kaminak and Lake Shore Gold.
    As you said ,there are stocks that are already bottoming and others that are still in a bear market.
    Three stocks that I follow closely are Pilot Gold,Minco Silver and Bear Creek ,all three worth much more than the price of their stocks! They could ba a good indicator for a bottm in the sector.
    Thank you again Doc! 🙂

    • On January 5, 2016 at 8:29 am,
      Excelsior says:

      That’s a great list of quality companies Mark Gix. Nice!