Richard Postma - The Doctor Is In – Thu 18 May, 2017

The similarities between current metals charts and 2015

With a slight pullback in gold and a larger pullback in silver today we are not seeing a follow through from the moves yesterday. Very much a fear trade yesterday these types of moves rarely hold unless they are accompanied by a financial event. Doc shares his thoughts on the future for the metals and why he thinks the bear market is over.

Click download link to listen on this device: Download Show


Featuring:
Richard PostmaCory Fleck
View related posts on: ,

Comments:
  1. On May 18, 2017 at 10:09 am,
    CFS says:

    https://youtu.be/1E_rHqqwcpQ

    Ryan’s press conference on Congress progress

  2. On May 18, 2017 at 10:11 am,
    CFS says:

    Where goeth silver?
    Lior Ganz

    https://youtu.be/M6sOyW2YJLs?t=29

  3. On May 18, 2017 at 10:14 am,
    CFS says:

    US mint Silver Eagle sales up:

    https://youtu.be/HjJN9baSVp8?t=39

  4. On May 18, 2017 at 10:19 am,
    j says:

    looking at golds monthly chart the trend line off the 2011 $1923 high thru the 2012 $1798 high has capped golds true beakout from overhead resistance for 6 plus years as that overhead resistance turned back gold perfectly at 2016 $1377 high and the 2017 $1297 high spot…a monthly close above current overhead resistance trend line ag $1295 would be the first true sign of a confirmed return of the gold bull as it would be the first closing above this important resistance trend line

  5. On May 18, 2017 at 10:54 am,
    pardu says:

    Doc, what are some of the PM stocks which have been hammered that look good to you? I like Auryn and Novo

    • On May 18, 2017 at 6:13 pm,
      RICHARD/DOC says:

      Pardu, I have purchased Novo and I’m watching Auryn closely since I would like to pick it up at a lower value.

  6. On May 18, 2017 at 11:03 am,
    OOTB Jerry says:

    Gary S…..is on vacation till Aug…..gone cliff climbing…..time for the beach…..

  7. On May 18, 2017 at 11:40 am,
    spanky says:

    Wouldn’t be shocked if Dow makes back all of yesterdays losses today or by tomorrow.

  8. On May 18, 2017 at 11:42 am,
    spanky says:

    With the spike in the VIX, the DOW has all the fuel it needs to tack on another 3000 points.

  9. On May 18, 2017 at 11:47 am,
    spanky says:

    It’s going to be plunge for the metals into the mid-June FOMC. Conversely, the dollar and Dow will soar.

  10. On May 18, 2017 at 12:09 pm,
    spanky says:

    AXU is getting bent over. At this rate it will not just test the 100 WMA, but break below it. 0.90 or so is in the cards.

    • On May 18, 2017 at 3:14 pm,
      Excelsior says:

      I’m acquiring more Alexco as it drops. They have a very highly awaited drill campaign set up for 2017, have renegotiated with Silver Wheaton on the streaming deal, and are making a decision to go back into production later in the year. There will be PLENTY of catalysts to lift their share price in the 2nd half of 2017, so I’m loading up while we have the Summer Doldrums offering nice discounts on the pullbacks.

  11. On May 18, 2017 at 6:47 pm,
    Paul L. says:

    Oil has been showing strength. It did not get knocked down yesterday with the big market drop and I expect it to get above 50 quite soon. I expected gold to reach the 1255 area and it went further. Now it should start moving back down soon if stock market can get moving. S&P went past the 50 day and closed a bit below it.

  12. On May 19, 2017 at 11:54 am,
    confused says:

    1125$ gold!!! WOW!!!! Hard to imagine…..not sure we can get 2 x 40 year low buys in the space of 2.5 years, but Doc has been on a roll and he will be right until proven wrong. I do hope he is really wrong on his call. Sentiment is low now and I imagine a 1125$ gold handle will drop the minders by 40% from here. I guess Gold Corp went on their buying binge was a year early:)

Share Your Thoughts:

Name (required):
Email (required):
Comment:
All comments must comply with our Terms of Use.