Richard Postma - The Doctor Is In – Mon 4 Apr, 2016

Is now a time to short the market or buy PM stocks?

We are joined by Doc and Marshall Berol to discuss 2 potential strategies. First, is now a good time to short the market using a volatility proxy, and second, should we be chasing the precious metals stocks higher even after they have doubled at the start of this year?

Click download link to listen on this device: Download Show

Richard PostmaMarshall BerolAl KorelinCory Fleck

  1. On April 4, 2016 at 10:49 am,
    jonnalin says:

    Canasil & Orex res The next big SILVER Discovery ???????

  2. On April 4, 2016 at 10:51 am,
    CFS says:

    Does the Doc have any idea about timing on interest rates and a bond bubble collapse?

  3. On April 4, 2016 at 11:21 am,
    Silverdollar says:

    Can’t thank you enough for what I’ve learned listening to you and your thoughts on the VIX, TVIX, etc. using volatility to help trading. Doubled my holding on TVIX this morning at $4.12 and now will wait for things to develop, hopefully on the downside.
    Thanks again for sharing your knowledge of the markets.

    • On April 5, 2016 at 3:27 am,
      Excelsior says:

      TVIX is up to $4.73 in the premarkets. Looking like volatility is starting to rear it’s head again….. Hello April ๐Ÿ˜‰

      • On April 5, 2016 at 8:49 am,
        Silverdollar says:

        Wondering why TVIX isn’t really registering 2X the VIX movement. Any thoughts?

        • On April 5, 2016 at 5:19 pm,
          Excelsior says:

          It is how the futures contracts get settled inside the ETF, so their is a delay to how the prices keep up.

  4. On April 4, 2016 at 11:26 am,
    Anders from Copenhagen says:

    Hi Doc.
    Interesting views on how to play the conventional market.

    What does your technicals say about CVV ( canalaska)

    Best. Anders

    • On April 4, 2016 at 12:17 pm,
      RICHARD (DOC) says:

      Anders, it appears the big move is over and is going into consolidation —probably going to trade lower. in the next few weeks from its’ high.

  5. On April 4, 2016 at 11:35 am,
    FranSix says:

    The GDXJ isn’t really made of junior gold miners. I would say that it represents select mid-tier producers. The index I think is a better reflection of gold mining is the TSX Global Gold Index, which has all kinds of constituents. GDXJ, however is seeing support at the 89-week EMA.

    • On April 4, 2016 at 12:00 pm,
      Brian says:

      I think the GDXJ is the best ETF to chart (and the only one I would ever own or trade); the underlying holdings are representative of QUALITY explorers, developers, and small producers.

      % Company

      8.19 OCEANAGOLD
      4.73 ASANKO GOLD

      • On April 4, 2016 at 12:01 pm,
        Brian says:

        Shoot … I meant GLDX. See how confusing it gets

        • On April 4, 2016 at 12:11 pm,
          Chartster says:

          I like GLDX too. But still like GDXJ, HUI, SIL and SILJ. All of these give a good mix to the sector, IMO.

          • On April 4, 2016 at 12:34 pm,
            FranSix says:

            I haven’t looked at it in a long time, so I’m very much behind the curve. Thanks

          • On April 4, 2016 at 12:37 pm,
            Brian says:

            I will be using GLDX and SILJ for trend trading when/if the upward momentum resumes in the PM Miners.

          • On April 4, 2016 at 12:52 pm,
            Excelsior says:

            Brian – GLDX, SILJ, and USERX are my favorite PM mining EFTs as well.

          • On April 4, 2016 at 12:55 pm,
            Chartster says:

            Great easy peasy strategy to keep up with. I’m thinking the same thing. Then use GDXS on the pullbacks. Then maybe a 3xer for day trading, when the momentum permits.

          • On April 4, 2016 at 12:55 pm,
            Excelsior says:

            USERX is actually a fund and not an ETF, but the holdings are a very nice mix of companies.

          • On April 4, 2016 at 1:22 pm,
            Brian says:

            What I really like about GLDX and SILJ are the holdings. Each fund contains MULTIPLE companies that I would like to own, but I would feel stretched too thin and anxious about risk, if I had to buy them individually.

          • On April 4, 2016 at 1:28 pm,
            jonnalin says:

            Yes Excelsior ! What you think of ( Gran Colombia Gold Corp ??? )

          • On April 4, 2016 at 1:35 pm,
            Excelsior says:

            Agreed Brian. Nobody can own that many stocks anyway, but there are a few standouts in GLDX, SILJ, and USERX that I choose to own individually. I also like to watch how the weighting changes over time to see why they are weighting certain companies so heavily or lightly.

            I’ve posted the updated full holdings in all of those a number of times this year and last year, to see how they’ve been re-balanced, and in case people wanted to individual analysis on the companies, or discuss some the individual companies. I asked almost every time if there were companies other people were investing in, often mentioned some of my top picks and why I felt that way, and rarely had any comments back. I even tried added my editorials, corporate presentations, and charts below them and asked what people thought, and again hardly anyone responded back.

            After some of the recent comments to me about posters here not seeing any value in the lists, or looking at that many companies at once, or about me being a “bot” then I’m not going to spend the time anymore due to the whining. However I still feel it is wise to see the full list (not just the top 10) and see who gets added, who gets cut, and how the weighting is adjusted.

            Have a good one.

          • On April 4, 2016 at 1:43 pm,
            Excelsior says:

            jonnalin – Gran Colombia gold corp Produced 116,857 ounces for the year, have restructured some of their debt, and lowered their AISC down to $863 (based on how they report it). From that standpoint things look good, but they had disruptions in their 4th quarter production, and I worry something like that could happen again. They are still operating at a net loss and had hefty impairment charges, but so did a great majority of the miners.

            Overall they are a nice small mid-size producer, and I don’t hear them brought up often. That may be a reason to take a closer look. Thanks jonnalin for bringing them up.

          • On April 4, 2016 at 1:44 pm,
            Marty says:

            Take a look at Sprotts SGDM etf until we break through $1307.80 gold.

          • On April 4, 2016 at 4:08 pm,
            Brian says:

            It would be very sad day if you stopped posting on KER. I love your lists and exhaustive research. It has certainly made my filtering of potential investments a lot easier (and I have said so in the past).

          • On April 4, 2016 at 4:54 pm,
            Excelsior says:

            Thanks Brian. The lists do take up some space, so I don’t want to upset people that have to scroll on tablets or smart phones, or post them if nobody gives a hoot. Having said that, you just posted the top 10 holdings in GLDX and got us all started talking, so I guess you never know where things may go….
            I just get frustrated when people come at things from such a defeatist attitude or with limiting belief systems:

            > “That’s just too many stocks” ( If it is a list of 25 is that too many for you to research? Too many for you type in to a search engine? Too many to read? – Are ya just freakin’ lazy? That is why it is called work).

            > “I can’t store them all in my mind or remember all those.” (Why try to? Print them off and research them over time, or plop them into a spreadsheet for safe keeping)

            > Or this classic: “You can’t invest in all those companies anyway.” (I never said to,and I don’t. Wouldn’t you like to know what your choices are on the menu before ordering your food?)

            *It’s like a guy I know that always orders Miller Light wherever we go. We took him to a taproom with over 100 beers and he said, there were too many choices, and just ordered a Miller Light again. I tried to help and said, well if you look at the list, it is segmented down into smaller lists like (Stouts, Porters, Ales, IPA, Lagers, Pilsners, Hefeweizens, Beligians, Ryes, etc….) Based on that you may want to try an Ale, Lager or Pilsner and branch out a bit. He said, “great, I’ll take another Miller Light.”

            I guess I’m just always on the hunt for unappreciated value or stocks with more upside than others realize. I still print off other peoples posts, or print off the lists of all the ETFs, or commodity specific articles, and then when I had time, I’d go through and look at the different suggestions to build a master list. Those are some of the lists I’ve posted after filtering out 80-90% of the riff-raff.

            Many of the lists I’ve posted have been compiled after years of tracking down stocks one at a time, or listening to interviews, or watching BNN, or reading articles on a sector, etc….. Often it has taken me quite a while to accumulate & filter down the stocks in certain Sectors like (Agricultural stocks, or Renewable Energy, or Uranium stocks), or even the sub-sectors like mid-term gold producers doing between 100,00 – 1,000,000 ounces per year.

            Targeted lists offer jumping off points to discuss certain stocks, or to gain entry into a sector one may not have invested in before:

            * For example, I’ve heard a few interviews on Palisade radio where the speaker or even Collin have mentioned, well there are only a handful of Uranium stocks or only 4-5 Uranium stocks to trade. Huh? I have a list with about 50 active Uranium stocks, and I own 8 of them, and trade about 12 of them. It took me the last 7 years to hunt them all down, and keep track of name changes, mergers, and assets that were sold back and forth. I can promise you that if someone would have just handed me the list of 50 stocks from the get-go it would have been way the hell easier.

            My hope in sharing the lists has been that a number of posters would chime in and say I like X due to this, or what out for Y because there is this going concern….. I’v typically noted my favorites or top picks, put up charts, put up company bios, and posted corporate presentation to give people the nudge to dive a little deeper.

            It was intended to be a conversation starter (that rarely got started), and not a nuisance. There were a few times that other investors have posted their personal thoughts, or posted their charts, articles, stories, and each time we all learned something. There were also a few times that people would point out other stacks that should be included. (as an example, Skeeta is constantly blowing my mind with his endless troves of Australian miners I’ve never heard of and don’t remember anyone else discussing. Thanks again Skeeta).

            Lastly, as mentioned above, I like to look at their weighting inside a fund or ETF to see what the analysts managing that Fund/ETF anticipate about those companies prospects for growth or risk profile, and so I assumed others would appreciate the updates, and not whine about having to scroll through them.

            Regardless that’s my rant on targets lists for the day, and I’m happy you posted one Brian.

            Cheers my good man!

          • On April 4, 2016 at 7:22 pm,
            GH says:

            I certainly don’t consider it a nuisance, Excelsior. More like a big help and very generous.

            I don’t think you should give any weight to the opinions of two critics. I would bet those who appreciate it far outweigh them.

          • On April 4, 2016 at 10:36 pm,
            Excelsior says:

            Thanks GH. That is probably a better attitude to have about it.

            I’m going to work on seeing the glass half full, and not let the naysayers knock me off-track.

  6. On April 4, 2016 at 11:39 am,
    Pete says:

    Hi guys

    Doc,do you think that (SVM.TO)still have som momentum left?
    I am holding it for the long term.

    • On April 4, 2016 at 12:22 pm,
      RICHARD (DOC) says:

      Pete, nice move—it may have a little more juice but definitely topping—of course it could move higher yet as opposed to some of the PM stocks I’m watching. It’s been overbought on the charts for some time. What bothers me is how far apart the 12 week MA of the MACD is from the 26 week MA—what you would like to see is the 12 week MA moving toward the 26 week MA in a rounding pattern. The other pattern would be a sudden reversal of the 12 week MA toward the 26 MA —that would be more harmful to pricing then a rounding pattern.

      • On April 4, 2016 at 12:34 pm,
        Pete says:

        Thank you Doc,great technical answer.

    • On April 4, 2016 at 12:58 pm,
      Excelsior says:

      Pete – I’m a huge fan of Silvercorp and it has been my best performing Silver holding but I have trimmed a bit lately, concerned it may pull back and consolidate some.

      • On April 4, 2016 at 1:00 pm,
        OOTB..................... CCF says:

        glad to see you’re back………..I was a little concerned from all the harassment you received yesterday…………..

        • On April 4, 2016 at 1:16 pm,
          Excelsior says:

          I’ll pop in a for a few thoughts once in a while, but I’m not going to go out of my way to post any more lists of sectors or subsectors, (so I’m not accused of being a bot), or news releases, corporate presentations of individual stocks I’m following, editorials from others I follow, or spend time posting my charts here anymore. Not worth the time I spent on trying to share it all with everyone. While a few interacted and discussed them (and those exchanges were greatly appreciated), most did more complaining about them that contributing much back in return.

          Have a good rest of the day OOTB.

          • On April 4, 2016 at 1:41 pm,
            OOTB..................... CCF says:

            ROMANS 3 : 13-19…….

          • On April 4, 2016 at 1:59 pm,
            Excelsior says:

            “13 Their throat is an open sepulchre; with their tongues they have used deceit ; the poison of asps is under their lips: 14 Whose mouth is full of cursing and bitterness: 15 Their feet are swift to shed blood: 16 Destruction and misery are in their ways: 17 And the way of peace have they not known : 18 There is no fear of God before their eyes. 19 Now we know that what things soever the law saith , it saith to them who are under the law: that every mouth may be stopped , and all the world may become guilty before God.”

            Yeup FFM – I’d say that about sums up some of the antagonistic comments of posters on here when others are simply trying to share ideas in the spirit of being helpful.

          • On April 4, 2016 at 2:48 pm,
            Tad says:

            Oh Exโ€ฆ don’t let them get you down, mate.
            I’ve learned a lot from your highly valued input ๐Ÿ™‚

          • On April 4, 2016 at 3:17 pm,
            Excelsior says:

            Thanks for the kind words Tad. Much appreciated.

            It just honks me off when I spend hours posting Easter Eggs for other investors, that certain posters like to come along behind me and piss on my parade instead of just skipping the post, or better yet, offering investing feedback or their own ideas.

            I shouldn’t let it bother me, but it has been going on for a while now. You know the kid in school that liked to come by and smash your fort, or stomp on you lincoln log house? That’s the vibe some of these guys give off. Oh well….. onward and upward.

      • On April 4, 2016 at 1:25 pm,
        Pete says:

        Yes it was a nice move,maybe i will trimm some.

        • On April 4, 2016 at 1:53 pm,
          Excelsior says:

          I’m not advising doing that, as I am often an early trimmer ๐Ÿ™‚ I also rarely hesitate on jumping back in if I feel it is moving higher.

          My persona approach is to lock in gains when stocks make out-sized moves, and take some of the winnings off the table to redeploy in other undervalued stocks or hold to buy back on a dip. Silvercorp has moved up 200% in the last 3 months, so I’d call that an out-sized move. If Silver does play catch up with Gold, it may just keep on trucking though, so who knows at this point until we get a more clear picture in Gold and Silver.

          • On April 4, 2016 at 2:38 pm,
            Pete says:

            Nothing wrong with lock in gains,i bought silvercorp dirt cheap dec 2015 (got even cheaper jan 2016)im thinking it wont go back to 0,60 area again(anything is possible)so i am keeping most of my silvercorp for the long term.
            Thank you for your thoughts Excelsior

          • On April 4, 2016 at 2:59 pm,
            Excelsior says:

            Yes I would be surprised if Silvercorp went back to $.60 on the Canadian exchange.

            You talked me into looking for support targets below, but I was using the US OTC version (SVMLF) that I trade with. You can just swap out the ticker with (SVM.TO) and piggy back off that chart or put in different indicators or time frames etc…

            Hope that my TA garbledegook isn’t too confusing. It is hard to talk about TA and easier to show with a mouse visually, but I tried.

      • On April 4, 2016 at 1:30 pm,
        Pete says:


        Do you have pullback targets for silvercorp?

        • On April 4, 2016 at 1:49 pm,
          Excelsior says:

          I trade the OTC version, but for pullbacks in any stock I generally use the 34 or 50 day EMA, EMA Envelopes, Kelter channels, Fib retracements like 23.6%, 38.2%, and 61.8%, and prior significant peaks or troughs. When I see a few of those closing in on a specific area, then I plan for a pullback to that target. Hope that helps!

          • On April 4, 2016 at 1:55 pm,
            Pete says:

            Thank you Excelsior for the answer,that helps(Learning TA)

          • On April 4, 2016 at 2:56 pm,
            Excelsior says:

            Pete – I’m still learning myself everyday, and I’m no expert by any means, but, I’ll throw out a few bonus ideas. I wish someone would have shared these with me sooner as I was trying to understand some of the basics in TA.

            1) If a stock has started pulling back and you are trying to spot a good turning point to “buy the dip” then keep an eye on the Slow Stochastics for a cross, and see if the MACD confirms it shortly there after with a similar cross. Often when the Slow Stochastics cross they are showing you peaks and troughs, and then the MACD cross validates this (with a bit more a lag time).

            [if you look at the Slow Stochastics on the chart below you’ll see that when the black line crosses down through the red line it typically marked a top and was bearish, and when the red line crossed down through the black line that it was generally a trough and bullish moving forward]

            2) I often use the ADX indicator w/ the +DI and – DI to watch for the Green line to fall down and the Red line to come up, or vice versa. The black line shows you the momentum and intensity of the movement. So if the black line is going up hard there is intensity and momentum growing, and if it is going down, momentum is waning. So if the Green line is falling down hard and the Red line is rising hard, then the stock is correcting. If the Red line is coming down hard while the Green line is rising, then the stock is moving up.

            [on the chart below for Silvercorp, you’ll see how the black line rose up as the stock took off, and currently is up high but has come back some and leveled off while the green line is up but leveled off and the red line rose slightly but has leveled off some, so it good be consolidating for a move higher, or about to turn down. We’ll need more data to know. This makes sense because the stock has been rising very strongly and has gone sideways to up the last few trading days.)

            3) Another thing I watch for is oversold conditions in the RSI or Stochastics RSI to start buying into the weakness or selling into strength. Currently the RSI is at 71.95 and has been a little higher than that, so it is overbought but not too much. I generally trim a stock when the RSI gets up above 80-90, a add some if a stock gets down below 30 or lower. However, it is not my primary signal.

            For me the RSI is helpful, but only in context with what the Slow Stochastics, MACD, ADX, and price points relative to trend-lines or moving averages are telling me. When they line up then one can trade with a little more confidence.

            Right now I’m not getting a strong impression one way or the other on Silvercorp as I’m waiting for more data.

            As Matthew & Gary S. have mentioned a few times, these mining stocks can remain in overbought territory for longer than makes sense in a Bull market – if that is what we are in…. so I’m riding the core position at present.

            *Let’s just say that PMs continue to slide and show they are pulling back, then 2 support levels I’m looking at are the $1.24-$1.25 zone, and the $1.03-1.00 zone.

            1) First support at $1.24-$1.25 (OTC) because of 3 indicators:
            – prior trough at $1.25
            – mid-point of Kelter Channel (dotted line) is at $1.24
            – 23.6% Fib retracement from $.409 trough to $1.51 Peak is $1.25
            {1.51 – .409 = 1.101, 1.101 x .236 = .2598, 1.51 – .2598 = 1.25.02 ~ 1.25}

            2) Second support at $1.03 – 1.00 (on OTC):
            – bottom band of Kelter Channel at $1.03
            – Prior peak at $1.026
            – 50 day Exponential Moving Average at $1.00
            – Prior trough at $1.00

            * You can work the ideas in reverse to determine a resistance zone up above by when a stock is rising.

            This chart below for Silvercorp isn’t the best example for all these indicators, but it will give you an idea of the concepts, and how I would target support on a pullback.


          • On April 4, 2016 at 3:04 pm,
            Excelsior says:

            Pete – again I’m sorry I did this on the OTC and should have just done it on Canadian ticker, but if you pull up the chart and see how I came at those support levels, you can do the same thing with the ticker you trade.

          • On April 4, 2016 at 3:10 pm,
            Excelsior says:

            Here is the same chart with SVM.TO, and I used the 50 day EMA, EMA envelopes, and Kelter Channel on the chart itself. The other indicators are below.

            As a side note, it is easier to understand the point I was making on the Slow Stochastics crosses down below, if you go back earlier on the chart as the crosses of the Black and Red lines are more apparent.


          • On April 4, 2016 at 4:12 pm,
            Brian says:

            I have been playing with my settings on KELT (30, 2.0, 30) on the weekly and daily charts

            Take a look at GOLD and a couple of your stocks with the 30-30 setting and let me know what you think.

          • On April 4, 2016 at 4:56 pm,
            Excelsior says:

            Brian – will do. I appreciate the heads up and didn’t want to get into changing the parameters on the indicators if someone is just learning TA, but I’ll check out the 30, 2.0, 30 on the Kelter channel. I really appreciate the heads up man.

          • On April 5, 2016 at 2:40 am,
            Excelsior says:

            Brian – Out of curiosity, did you pick the 30 week because of Stan Weinstein’s 4 stages of the trading cycle?

            Also have you ever checked out Thomas Bulkowski’s site with the 4 stages as well?


  7. On April 4, 2016 at 12:19 pm,
    b says:

    Doc, I thought you were mentioning an up move in gold today? Maybe I missed something.

    I still like your Doldrums.

  8. On April 4, 2016 at 12:23 pm,
    RICHARD (DOC) says:

    b, you’re correct—when it began to move lower I exited my gld position which I put on lower. The next 2 days are crucial for gold. The macd is not encouraging. We may not see that move up I counted on.

  9. On April 4, 2016 at 12:41 pm,
    Bob UK says:

    Strange day in the markets so far – almost as if they are waiting to fall over. There seems to be a lack of energy. Wonder what Asia will do overnight.

    • On April 4, 2016 at 12:43 pm,
      OOTB..................... CCF says:

      Panama effect…………..the super rich wonder what happens next……..

      • On April 4, 2016 at 12:53 pm,
        Bob UK says:

        That thought had crossed my mind.

      • On April 4, 2016 at 7:31 pm,
        GH says:

        Something strange about that leak…no prominent Americans or western Europeans in the Zero Hedge article…?? Ok, one guy from Iceland. But he was probably already busted, and in any case Iceland needs to get slapped for having dealt correctly with their financial crisis.

  10. On April 4, 2016 at 12:58 pm,
    Lewis says:

    The frustrating thing is silver didn’t play catch up to gold before the correction phase settled in. So now we go into the doldrums and wait another 4 to 6 months for the next leg up!

    • On April 4, 2016 at 7:32 pm,
      GH says:

      I think you’re probably right, but it looks too early to be sure, to me.

      • On April 4, 2016 at 7:34 pm,
        GH says:

        And even if it does go down from here, if this really is a new bull phase, the correction may take well less than 4-6 months.

  11. On April 4, 2016 at 12:59 pm,
    jonnalin says:

    1 The govermmont need you ! 2 The govermmont needs enemies ! 3 So you need the govermmont ! 4 You’re only way is BUY BUY BUY GOLD !!!!

  12. On April 4, 2016 at 2:52 pm,
    Matthew says:

    The dollar is not yet improving and was capped by a Fibonacci fan resistance today. It also had its lowest daily close since mid October and looks like it just might skip the bounce and take a plunge first.

    • On April 4, 2016 at 7:43 pm,
      GH says:

      Another look:

      I looked at this and thought a bounce is due, so thanks for the alternate perspective.

      • On April 4, 2016 at 8:18 pm,
        Matthew says:

        I’ve been saying that gold looks like it’s about to deliver the inverse of what we saw in 2013 and the USD chart above seems to support this. The MACD/MACD Histogram is now very negative and at a new low. The dollar looks like gold in early 2013.

        The monthly chart is also getting increasingly supportive of the bearish view. It’s a net-sell in my book.

        • On April 4, 2016 at 9:16 pm,
          GH says:

          I fully agree on the longer term picture for the U$D, so one has to expect downside surprises on the shorter term charts.

      • On April 4, 2016 at 8:25 pm,
        Matthew says:

        The monthly gold chart is a picture of increasing strength.

      • On April 4, 2016 at 10:37 pm,
        Excelsior says:

        That’s a great dollar chart with the trend line channels GH.

  13. On April 4, 2016 at 10:11 pm,
    Pete says:

    Did not see your post,was out.
    I really appreciate your effort and detailed answer.
    Thank you

  14. On April 4, 2016 at 11:12 pm,
    Pete says:

    Thanks,yes i know about chartschool.

    • On April 5, 2016 at 12:51 am,
      Excelsior says:

      Cool. Just thought I’d mention it is as good resource.

      I need to go back to chartschool myself, as I didn’t do all my homework and the exams are coming up….. ๐Ÿ™‚

  15. On April 5, 2016 at 2:41 am,
    Skeeta says:

    My ASX stocks were mostly a mixed bag today.
    Some up a smidge, some down a smidge.
    Millennium Minerals (ASX.MOY) who I have mentioned on here numerous times before (that I also own) managed to bounce up 20% today after further drilling results were released though.
    I still believe this is a good ASX spec buy.

    • On April 5, 2016 at 2:54 am,
      Skeeta says:

      I should add that MOY’s advance annoyed me today as I logged on at lunch time expecting to add to my holding of them.
      I had to look elsewhere to put this weeks cash.

      • On April 5, 2016 at 3:05 am,
        Excelsior says:

        I can think of bigger problems to have than a 20% pop ๐Ÿ™‚

    • On April 5, 2016 at 3:04 am,
      Excelsior says:

      Skeeta I thanked you up above in this blog in my long rant about the benefits of utilizing targeted lists. I just wanted to say thanks again for all the stocks you share with us here on the KER. Also way to go on Millennium Minerals!! I have it and number of the Aussie stocks printed out and ready to go for when I can trade directly on ASX.

      * P.S. – I checked with my active trading desk to find out if there was a way to convert my currency and buy in the Australian and Canadian markets directly. Apparently many fof my trades using the OTC have been purchased directly on those exchanges unbeknownst to me. My platform doesn’t normally show as “reporting” volume for the OTC (depends on the stock) and I guess my trades have been going through a direct channel into the ASX, TSX and Venture exchanges and I’ve been paying floor fees inside the trades and they’ve been converting back the exchange rates when the purchase of shares comes back as “bought”. I always wondered why on many stocks my volume was not reflected in what I saw for the daily volume. Mystery solved.

      Anyways after a 10 minute answer and different floor fees, no trade cancelations, etc…. I said what would you recommend then. The guy said, we do all our direct channel foreign trades through Interactive Brokers….you could just use them….. ๐Ÿ™‚

      So Matthew – I may be joining you soon with Interactive Brokers. You advised it to me about a year ago, but I’m a slow learner ๐Ÿ˜‰