Technical comments on gold, Barsele Minerals and Barrick Gold
Today with Rick we get his comments on a general sector as well as a couple stocks. Since some people enjoy Rick’s comments on general sectors and other like the specific stock calls we will be blending the two in our interview. Here are the charts we look at today:
- Gold,
- Barsele Minerals Corp – BRSLF & TSX.V:BME,
- Barrick Gold Corp. – ABX & TSX:ABX
Click download link to listen on this device: Download Show
Click here to visit Rick’s site and check out his technical services.
Also please remember to email me your questions on other stocks you would like Rick to look at – fleck[at]kereport.com.
Al and Corey I have been a reader …dont post…for years and I must say you guys really dropped the ball…Matt in 2016 with his chart work has produced fantasic gains as the PM sector took off for its biggest % gajns in years within the miners all the while Doc was wishy washy at best and should had been a raging bull if he really knew his chart work. Bird was not onboard this huge run in 2016 with many calls of a hrad correction while my miners continued much higher and his recent Euro$ call is an old call that many are aware of M.Armstrong has been making it for years so its nothing new yet Bird thinks he is leading edge….well I agree with Matt who has made everyone following his calls more money than anyone else why be here if you stand with Bird who attaked all those who have been correct while his latest call has yet to be proven, I no longer will read this site without Matt posting
I also hope Matthew comes back soon. He and Gary Savage and Moriarity were all uber bullish last Jan. at the bottom. I also wish you had mentioned Barlese@ 5 cents last Jan. instead of now after a 20 fold increase in 9 months !!!
All stopped clocks are eventually right. And virtually every miner went up this year do no special skills were required.
Yes,”all” the miners Went up Bird,
And here is what you did,Bird
You missed it,Bird.
no special skills required well I guess that doesnt say much for you and Doc as niether were enjoying the awesome gains the miners produced and your watch comment again is very weak as you continued with bearish calls over and over again … if your such a chart expert post your opinion with chart facts as you and Doc never do…Matt schools you both
+1
+1 to Bonzo not l’oiseau
+ 2. But Matthew have you really left? – can’t say I blame you, but KER will take a dive if so.. And confused you only need note below to know that Oiseau est non mort.
Matthew has been consistently predicting gold up during the entire draw these last few years. He is heavily gold bull biased. Birdman is Bear biased. Neither are all right or all wrong. Just expressing opinions to consider. Both provide alot if value to readers.
An African Grizzly?
Yes, I have been “heavily gold bull biased” big picture but that did not stop me from selling strength throughout the bear.
It is also very much worth noting that all the clueless bears would have been better off even if they had listened to KWN’s cheerleaders during the bear. That’s a fact and it must be a painful one.
Loving your work Matthew.
Stay with those that want to hear considered thought.
“It is not the critic who counts…” from my favorite quote
Keep Well
Chris
Matthew – I posted my final tribute to you and Jerry on Doc’s blog from yesterday.
I’m out like a scout on a new route, but you know where to find me if you want to chat down the road.
Check out the post with a blast from the past……(spoiler – 2012)
😉
Matt,
Too true!!!
Come back Matt! The coast is clear! l’Oiseau est mort 😉
Hallelujah, good has prevailed!! 🙂
jr – excellent point
Al did his best to bash gold after the brexit and doc was outright short, might still be.
many others were very slow to get on board like birdman, who was a bear.
Matthew was spot on
As was I, I have been bullish again for some time
I’ve been bullish on gold since it was $35 and on silver since a silver dollar cost a dollar, and I see no reason to change now with a marxist president.
watch 5 minutes before the decision to see who got the early info and called their bookies…
Good point James. The Dow immediately jumped 50 points and then hesitated, noticing that the herd wasn’t necessarily following. Little change to PMs. Whole lot of nothin’.
is anyone surprised here?
3 dissents – they drew the short straw
“now it sets us up for December” some jerk on cnbc blerted out
same bs month after month
she will never raise!
either people are really stupid or they have to keep a straight face
BUY GOLD
gold is now going to make its last run at $1340 for success or failure
its now or never
I apologize to KER,Big Al,Cory,Doc,Rick,Chris,LPG and all the good people here,but i´m pissed,this ain´t right.
You guys have a great show,but………………………………
Agreed Pete.
This is a crap situation that needs sorting.
Its not a prison Pete, people can leave when they want, for whatever reason they have, happens regularly actually.
The show will not suffer.
Ok,thanks b,
Sure, people can leave when they want,who is going to provide the in depht analysis and the top notch charts? you? i don´t think so.
Belive me ,the show will suffer.
honust pete, i do my own research.
i take anything anyone says as opinion.
no im not going to provide charts, there are lots of places to find charts and/or lists.
i always find it odd people would take them kinda second hand like over finding them themselves.
b,
I do my own research too,
I agree with Clint Eastwood
https://www.youtube.com/watch?v=D2_AiQLCb3U
You are right,there are lots of places to find charts etc,but not so many great chartists/technical analysts,and certanly not people that put a lot of work and effort in their analysis for free.
You could bee a paying subscriber elswere ,and not get as good investment ideas as on KER.
Matthew and Excelsior are very good.
sure, if you trade as they do.
I have found (if you want to) you can watch gold for example, and you can actually see exactly when its going to go up reverse etc
If a person wanted to he could stay glued to the screen and trade all day with accuracy, no charts required, just watch the price action.
Im more interested in longer directions, as I find glued to the screen kinda tedious.
When you have the direction the challenge is, as they say “be right and sit tight”.
I also find list upon lists unnecessary, as I follow what I feel are a few good companies and stick to them.
Thats one reaon I find Birds input very helpful, he can call drops, sometimes to the day.
That can tell a person to be “not long”, it then becomes just sit out and rebuy at lower prices. very helpful.
Many ways to play/gamble/invest to itch his own.
Never have I said Mat/ex didnt help some people, but really what they do is available to anyone that wants to find it.
Probly what Bird knows can be found too, but I dont know how he does it.
Yes, he missed a turn, can anyone name anyone that gets everything right all the time? its not a big deal.
This was recent, some people have forgotten that for years Bird was calling correctly gold was going down.
There was sure alot of resentment he had to wade thru.
People got hung up on the delivery of info when it was the info that was the important thing.
Just one more item, when ya find a person like Bird, there is no doubt he is telling the truth as he sees it.
Bob M is the same way.
I have nothing but respect for them both.
I was right and i am sitting tight on my good companies that i bought Winter 2015,but i find it kinda tedius watching them go up/consolidate/correct/up.
In the meantime we can all exchange investment ideas here on KER, without the drama.
Why are you on KER,b?
entertainment.
Im a gambler, i used to play alot of cards.
Now, the only game in town is holdem, might as well play bingo as far as Im concerned, so, I roll the dice on the market.
Just entertainment.
Hey guys, Cory has assured me the situation is fixed (maybe not from b’s point of view, but it’s impossible to please everyone).
this women is a clown
their models are a joke
this whole economy is bs
now she has to talk out of three sides of her mouth
she has to keep the stock boys happy
she has to keep the economy is good propaganda going
she has to keep the bond boys at bay
total nonsense
I’m ashamed our system of markets have devolved into this
there’s more serious and thoughtful people and analysis in a horse handicappers discussion then this garbage.
get her off
give her the hook
I expect a hike when Dumbo leaves office and we get a business MAN in office that knows economics, not redistribution socialism.
Silver gold and platinum, while putting in what looks like a good day at first blush, have all failed to reach their channel targets and if they fall back from this point as platinum is already suggesting then its light out and down we go for another lower-low. So a good short opportunity may be arising but we will have to wait until the end of the day to see if this is a failed channel or not. Outlook is negative for now.
Nice Bird !
Birdie! shut up!
Have you made any money? Gold is going up!!
Funny
so are you flipping again?
what’s the story?
Bird,
Could you present some charts that support your analysis?and please do some in depht analysis on Silver,Gold and Platinum.
pete – bird went from being a bear, to flipping to a bull for a few days to now saying it could be “light out”
my head is spinning
the bottom is in, we go higher over time
I know what Bird did James,he missed it.
I saw him standing on station in January.
Am I missing something? I don’t see bird contradicting himself. He warn of short term weakness until euro fails then a rising dollar and gold. What he said today is in keeping with that, no?
ah, bird you changed your name to “grizzlyone”. if the shoe fits?
Such a petty lot. I’m just so sick of reading how bad bird is. Just focus on the market and loose the petty insults and jabs!
Birdman is a fraud!
He needs to get some!
lol
Got stopped out of USLV but riding the NUGT rocket now!
lets be clear…
the FED has “created” enough waiter and bartender jobs, there are enough people bagging at Walmart. They are happy with the jobs they “created”
note to self: the FED or Obama DO NOT create anything.
The FED is ok on the job side.
What they are not happy with is the inflation side.
Inflation has not gained traction the way they wanted it to.
They have no problem with an inflated stock market, or an inflated housing market, or an inflated bond market.
They just don’t see the inflation they want – price inflation.
The FED can create inflation in 5 minutes – all they have to do is reprice gold to $5000 an ounce and they will get their inflation, but they wont do that.
They don’t want to get inflation, they want rising stocks
she lies!
James-
If FED wanted inflation, they would stop paying interest on banks’ excess reserves but agree with the remainder of your statement.
The FED doesn’t know what to do because the bond market dictates their action. They cannot raise rates with a 10YR at 1.5% or a 1 YR around 0.5%.
Change America and possible the world..this site goes world wide, time to get away from this mumbo jumbo BS Fed stuff.
I beg Matthew to please come back (if he has in fact left). His insights are fantastic and are worth pondering even if you disagree with him.
Thank you Spanky, good to see you, it’s been awhile since you’ve posted.
+1
Absolutely Spanky. Matthew you and I go back a long way when it comes to BM’s insults. Admittedly Al and Cory should have been more pro-active in tackling his sheer rudeness. But hey-ho we’re on the side of the good guys. So hang on in! Very best, Andrew
Thank you, Andrew!
Does she go?
Is she stupid and arrogant enough to pull the trigger?
Does it matter?
This is all very absurd.
Gold has bottomed at the new upper level of $1300
My $1212 bottom call has held.
Once my $1340 level is finally taken out we go higher
All the Harry Dent’s and Rick Ackerman’s in the deflationist camp will be crying in their beers.