Richard Postma - The Doctor Is In – Thu 7 Jul, 2016

Market-opening comments from Doc and Chris

Doc and Chris comment on a modestly higher open on Wall Street, the euro, soft commodities, the precious metals, crude oil and MUCH MORE!

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Featuring:
Chris TempleRichard Postma

Comments:
  1. On July 7, 2016 at 8:06 am,
    Silverdollar says:

    Chris: Thanks for posting earlier than usual. Refreshing.
    Yes, we’re back in the conventionals where we were in early April and literally back to December of ’14. Traders have had chances to make a few bucks several times in the interval but the typical mutual fund holder (401-k holders) have seen nothing but lots of churning. I like Doc’s ideas and also yours that basically say there are some reasonable buys if one picks correctly and does their due diligence but the vast majority of the public holdings have gone nowhere. JMO

    • On July 7, 2016 at 8:48 am,
      Excelsior says:

      Agreed. Good thoughts.

      • On July 7, 2016 at 8:55 am,
        Silverdollar says:

        Excelsior:
        Haven’t had a chance to tank you for all you posted several days ago in response to my question on UEC. I’ve added and plan on holding for a while.
        Seriously……….thank you for your time and thoughts. Have a good one.

        • On July 7, 2016 at 9:07 am,
          Silverdollar says:

          thank, not tank.

        • On July 7, 2016 at 9:08 am,
          Excelsior says:

          Right on Silverdollar. Yes, there were a number of great interviews posted with Amir that do a great job over-viewing their position in the Uranium sector. Longer term they’ll be many multiples higher in share price, and I really like their hub & spoke approach to their insitu mining strategy. Whenever spot price does finally start to move up substantially, then they’ll be sitting in a sweet spot.

          Best of luck to you in your investing sir.

  2. On July 7, 2016 at 8:09 am,
    CFS says:

    I don’t know whether it is because they tend to have higher dividends of because they were hard hit during the oil price drop, but oil service stocks seem to be holding up fairly well the last couple of weeks.
    The oil service index is up over 3% today!

  3. On July 7, 2016 at 9:37 am,
    Excelsior says:

    SANDSTORM GOLD ANNOUNCES 12,500 GOLD EQUIVALENT OUNCES IN Q2, 2016
    Vancouver, British Columbia | July 7, 2016

    http://www.sandstormgold.com/news/2016/index.php?&content_id=502

  4. On July 7, 2016 at 9:38 am,
    Excelsior says:

    First Gold…Now UBS Upgrades Silver Price Forecast
    Thursday July 07, 2016 – By Neils Christensen

    http://www.kitco.com/news/2016-07-07/First-Gold-Now-UBS-Upgrades-Silver-Price-Forecast.html

    • On July 7, 2016 at 9:49 am,
      Excelsior says:

      Gold & Silver To Be Last Currencies Standing
      > Peter Boockvar – Thursday July 07, 2016

      http://www.kitco.com/news/2016-07-07/Gold-Silver-To-Be-Last-Currencies-Standing-Peter-Boockvar.html

      • On July 7, 2016 at 9:53 am,
        Excelsior says:

        Bond market is in an ‘epic bubble of colossal proportions,’ says Peter Boockvar
        CNBC By Brian Price – 5 hours ago

        https://finance.yahoo.com/news/bond-market-epic-bubble-colossal-110000460.html

        • On July 7, 2016 at 9:56 am,
          Excelsior says:

          Peter is making the rounds today in the media; – It may be fun to get him back on the KER sometime soon to discuss Gold/Silver, and his views on the Bond markets.

          • On July 7, 2016 at 12:39 pm,
            CFS says:

            But does it matter much? There is no free market in bonds.
            Central Banks have manipulated interest rates by their purchases.

            Eventually they will try to buy AS MUCH AS THEIR BALANCE SHEETS ALLOW, to keep interest rates low.
            The only thing which limits them is the strength or weakness of their currencies, but all the central banks have been colluding and taking it in turns.
            The world has a debt problem, which is getting worse every day.

            The only question is that when the system breaks, will the revolution be violent or not?

            The Governments know what is coming and they have been preparing for years.
            It looks like the future will not be nice, or fair to all.

          • On July 7, 2016 at 12:57 pm,
            Excelsior says:

            Queen – Bohemian Rhapsody Lyrics

            “Is this the real life?
            Is this just fantasy?
            Caught in a landslide
            No escape from reality
            Open your eyes
            Look up to the skies and see
            I’m just a poor boy, I need no sympathy
            Because I’m easy come, easy go
            A little high, little low
            Anyway the wind blows, doesn’t really matter to me, to me

            Mama, just killed a man
            Put a gun against his head
            Pulled my trigger, now he’s dead
            Mama, life had just begun
            But now I’ve gone and thrown it all away
            Mama, ooo
            Didn’t mean to make you cry
            If I’m not back again this time tomorrow
            Carry on, carry on, but nothing really matters….”

          • On July 7, 2016 at 1:58 pm,
            OOTB Jerry says:

            Nothing really matters.
            Easy come ,easy go

          • On July 7, 2016 at 2:54 pm,
            Excelsior says:

            True dat.

        • On July 7, 2016 at 2:04 pm,
          Excelsior says:

          ….speaking of Peter’s in the media, here is a new article from Peter Brandt:

          Silver and Gold Confirm Bull Market
          July 6, 2016/by Peter Brandt

          https://www.peterlbrandt.com/silver-bull-market-gold-bull-market/

  5. On July 7, 2016 at 9:59 am,
    B says:

    gold in canadian (this moment) is 1768, wasnt the all time high in canadian 1787?
    Just under american but canadian was a bit stronger then.
    This bouncing off the all time high should mean something, if we cant get thru maybe its down, should we break thru, and it could be up and away.

    Does that about discribe the situation?

  6. On July 7, 2016 at 10:03 am,
    Bonzo Barzini says:

    Doc, I sold my CDE at 12.06 this morning, looking for something better. CDE has gone from 1.62 to 12.20 since Jan.

    • On July 7, 2016 at 10:06 am,
      Excelsior says:

      Well done!

    • On July 7, 2016 at 11:36 am,
      RICHARD (DOC) says:

      Bonzo, good for you. I’m looking at some of these and asking myself whether I should do the same. I’ve committed to being a long term holder now but it is tempting to take some profits.

      • On July 7, 2016 at 11:54 am,
        Bonzo Barzini says:

        I’m a long term holder too, but now that CDE has gone up so much I think I’d rather buy more OR or PSLV, or finally buy some OCANF. I’m thinking of selling some ABX too and buy something better.

  7. On July 7, 2016 at 11:07 am,
    Silverdollar says:
    • On July 7, 2016 at 11:49 am,
      Excelsior says:

      What I find amusing is the heavy resistance to the idea the author raises in this article throughout most of the comments section below the article.

      The reactions by many of the commentators underneath the article is exactly why the sheeple get fleeced over and over…..recency bias, the belief the stock markets must always go up, and the inability to reallocate and rebalance their holdings as recommended.

  8. On July 7, 2016 at 11:51 am,
    RICHARD (DOC) says:

    ICE upped their margins on the PMs.

    • On July 7, 2016 at 11:57 am,
      Excelsior says:

      Operation Wet Blanket…..

      • On July 7, 2016 at 2:06 pm,
        Excelsior says:

        snuff out the spark before it turns into a run away fire…..

        The margins are raised whenever the metals start to get heated up.

  9. On July 7, 2016 at 3:52 pm,
    Dick Tracy says:

    I believe platinum is about to breakout, there are very few juniors active in this space, why? Unlike gold the recoverable deposits are fewer and far between and it has industrial properties which make it even rarer but the market has not yet caught up to this opportunity and it will be HUGE!

    • On July 7, 2016 at 3:55 pm,
      Dick Tracy says:

      TSX- WG, DYODD

    • On July 8, 2016 at 5:43 am,
      Excelsior says:

      Good thoughts Dick Tracy.

      My favorite companies in the PGM mining space are Platinum Group Metals (PLG), Stillwater Mining (SWC), Wellgreen Platinum (WGPLF), Ivanhoe Mines (IVPAF), Polymet Mining (PLM), Eastern Platinum (ELRFF) and Largo Resources (LGORF). I’m watching with interest Atlatsa Resoruces (ATLRF) and Panoramic Resources (PANRF). In addition, it will be interesting to see how Sibanye Gold affects the PGM space with their acquisitions over the last 2 years.

      I’ll post my PGM watchlist below and would appreciate any feedback on other companies people may be following not on this list, or companies on here to keep an eye on:

      __________________________________________________________________________

      PGM Stocks Symbol

      ANGLO AMERICAN PLATINUM LTD AGPPY
      ANGLO PLATINUM LTD AGPPF
      AQUARIUS PLATINUM LTD AQPTY
      ATLATSA RES CORP ATLRF
      CONDOTO PLATINUM N.L. CPD.AX
      EASTERN PLATINUM LTD ELRFF
      IMPALA PLATINUM HOLDINGS LTD IMPUY
      IVANHOE MINES LTD IVPAF
      JUBILEE PLATINUM PLC JUBPF
      KENMARE RESOURCES LTD KMRPF
      LARGO RESOURCES LTD LGORF
      LONMIN PLC LNMIF
      MMC NORILSK NICKEL PJSC NILSY
      NKWE PLATINUM LTD NKWEF
      NORTH AMERN PALLADIUM LTD PALDF
      NORTHAM PLATINUM PROPERTY LTD NMPNF
      NOVX21 INC PORMF
      PANORAMIC RESOURCES PANRF
      PLATINA RESOURCES LTD PTNUF
      PLATINUM GROUP METALS LIMITED PLG
      POLYMET MINING CORPORATION PLM
      SIBANYE GOLD LIMITED SBGL
      STILLWATER MINING COMPANY SWC
      SYLVANIA PLATINUM LTD SLP.L
      WELLGREEN PLATINUM LTD WGPLF
      WESTERN AREAS NL WNARF
      ZKB PALLADIUM CORPORATION ZKBPF

      PGM – Funds and ETFs

      PHYSICAL PALLADIUM SHARES PALL
      IPATH BLMBRG PLATINUM SUBINDEX TR ETN PGM
      PHYSICAL PLATINUM SHARES PPLT
      E-TRACS UBS LONG PLATINUM PTM
      SPROTT PHYSICAL PLATINUM & PALLADIUM TRS SPPP

      • On July 8, 2016 at 5:53 am,
        Excelsior says:

        We’ve posted numerous thoughts on why companies like Platinum Group Metals, Wellgreen Platinum, Polymet Mining, Stillwater, Ivanhoe etc…. in the past on KER.

        Here is a link to a KER blog in May where we discussed PGM companies near the top:

        http://www.kereport.com/2016/05/21/gold-fed-minutes-brexit-vote/

        • On July 8, 2016 at 5:59 am,
          Excelsior says:

          Here’s a link to another older KER blog thread where we really got into the PGM miners and in specific I posted quite a bit on Wellgreen Platinum & Ivanhoe Mines.

          Most of it is up close to the top of the blog started when OOTB said “hello platinum”.

          http://www.kereport.com/2016/04/28/lot-talk-todays-market-wrap/

          • On July 8, 2016 at 6:03 am,
            Excelsior says:

            Another KER show from a few months back where we again focused on the PGM miners near the top of the blog. We got into a few of the lessor known Jrs in the Platinum & Palladium miners in Australia and N. America. Some info on Wellgreen Platinum was also highlighted here as well.

            http://www.kereport.com/2016/04/22/divergences-markets-today/

          • On July 8, 2016 at 6:11 am,
            Excelsior says:

            There are a bunch of other and older KER shows going back several years where we discussed Stillwater, Platinum Group Metals, Wellgreen Platinum, Eastern Platinum, Polymet, Sibayne Gold, North American Palladium, Imapala Platinum, etc…..

            Just do a search up above for some of those names and you’ll find the old shows, articles, corporate presentations, editorials, charts (that will need updating of course), and other pertinent info in the PGM sector.

            Cheers!