Exclusive KE Report Commentary – Thu 10 Aug, 2017

Trader Vic: The Markets Are Shaky Due To More Than Just War Talk

We have been talking a lot about the war chatter moving markets. I continue this discussion with Trader Vic and assess what other reasons the markets could be moving down for. He also shares his strategy for holding certain investments into the weekend.

Click download link to listen on this device: Download Show

Victor SperandeoCory Fleck
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  1. On August 10, 2017 at 1:57 pm,
    OOTB Jerry says:

    Central banks will be back in buying soon……….no problem, sky the limit.

  2. On August 10, 2017 at 2:02 pm,
    Jason says:

    Market know Fat Boy holding a match to the fuse on his ACME bottle rocket.

  3. On August 10, 2017 at 2:42 pm,
    OOTB Jerry says:

    Trump thanks Putin for kicking out 755 diplomats ………….”we will save money” he said..zh

    • On August 10, 2017 at 2:44 pm,
      OOTB Jerry says:

      Mueller can now go after Trump for colluding to bring down relationships with a foreign power………….LOL

      • On August 10, 2017 at 2:45 pm,
        OOTB Jerry says:

        34million govt workers to go…………

      • On August 10, 2017 at 2:46 pm,
        OOTB Jerry says:

        Mueller only wants to be paid with crypto currency, doesn’t trust the greenback

  4. On August 10, 2017 at 2:59 pm,
    CFS says:
  5. On August 10, 2017 at 3:01 pm,
    CFS says:
  6. On August 10, 2017 at 3:09 pm,
    Matthew says:

    The year-long bounce for the S&P vs the gold miners ($SPX:$GDM) appears to be ending…


    • On August 10, 2017 at 3:13 pm,
      Matthew says:

      For those who don’t have their magnifying glass handy, here’s that chart zoomed-in to the last two years:


      Since that is a weekly chart, the close for this week isn’t final until tomorrow afternoon.

      • On August 10, 2017 at 5:02 pm,
        Excelsior says:

        Is Gundlach Right? Are The Gold Miners Breaking Out?

        by @Goldfinger on August 10, 2017

        “He did preface his comment with “You need a magnifying glass,” and I would go further to say that even with a magnifying glass this is not a breakout, yet. ”


        • On August 10, 2017 at 11:08 pm,
          Matthew says:

          Well that’s a funny little synchronicity. That was probably the first time I ever typed “magnifying glass” here in my 7+ years here.

          Anyway, on a daily closing basis, GDX has broken out and it is easy to see…


          • On August 11, 2017 at 5:55 am,
            Excelsior says:

            It was a funny synchronicity because I had just read Goldfinger’s piece where he was quoting Gundlach about needed a magnifying glass to see the break out on GDX, and then when I saw your post mentioning the magnifying glass, I thought…”Great minds….” 🙂

            I agree that it looks like it has broken out, but that was Goldfinger’s comment about it not breaking out…yet.

            We’ll see how things develop but it still seems like a much more constructive set up than many of the gurus were expecting that didn’t even think Gold was going to make to like $1230 or $1240 before topping out and heading down to test $1200.

            Most thought the miners were going to take another big plunge. Several mentioned if Gold could break above $1250 they’d get bullish. They then revised their outlook to if gold could break $1260 they’d get bullish. Then $1265…..

            Well, Gold is at $1293, and none of those “Experts” has come out yet and said, OK, everyone get back in the pool.

            Once again most of the pundits were too bearish at the wrong time of the year. We discussed on here a few dozen times this year that Gold starts to make its move in Aug through October on seasonal basis, but all most could see was $1180 under $1200 for starting support, and some were even calling for a retest of the 2015 lows in the metals. I just don’t see that personally and was vocally against that idea.

            It has been a year and half since those lows, in the metals and miners, and the surge in 2016 broke through all kinds of key prior peaks and troughs, and key Moving Averages that hadn’t been broken through in years. That was bell ringing that the Bear market had died and Bull market was born.

            This last year has just been a large consolidation and digestion of those 2016 gains from last summer. If we are in the new Bull market (as I believe we are) then this Summer Doldrums period has been investors SECOND CHANCE to get positioned in quality miners, but most missed it again.

            I’m positive that many of the investors that whined and bellyached that they missed the run from Jan 2016- Aug 2016 likely were not getting positioned in July/August of this year where most the Precious Metals sector was plumbing its lows.

            If we really get a meaningful breakout here, the Bull market will have left most in the dust once again….

        • On August 10, 2017 at 11:12 pm,
          Matthew says:
    • On August 10, 2017 at 4:50 pm,
      Bonzo Barzini says:

      And it’s about time!

  7. On August 10, 2017 at 4:00 pm,
    Dick Tracy says:

    A lot of people here forget what it is like for this generation, many can’t find meaningful full time work with benefits. The media likes to pin the Bolshevist label on anything and anyone who he thinks that part time jobs and no benefits are not the norm.

    This big red scare has been used to keep people complacent and happy; otherwise they might believe that change could improve their lot. Surely America is right and The Russians are wrong. DT

  8. On August 10, 2017 at 4:26 pm,
    Excelsior says:

    This Crucial Commodity Continues To Rally

    By Dave Forest – Aug 10, 2017, #Zinc

    “Zinc has been one of the best performers amongst commodities the past year. With the metal rising over 90 percent since early 2016, to a current $1.33/lb.

    And news this week from one of the world’s biggest zinc consumers shows the rally may still have legs.

    That’s China. Where data showed that demand for zinc concentrates is rising fast.

    Platts reported that Chinese imports of zinc concentrate jumped 31 percent in the first half of 2017, as compared to the same period of 2016. With total incoming shipments reaching 1.3 million tonnes.

    That big leap reportedly came as domestic zinc production across China has been stagnating. With the news service quoting Chinese miners as saying that strict environmental checks in key zinc province Hunan have crimped local output. ”


    • On August 10, 2017 at 4:51 pm,
      Bonzo Barzini says:

      I take 30 mg of zinc daily.

      • On August 10, 2017 at 5:04 pm,
        Excelsior says:

        Bonzo Barzini – Spread the word will ya…..

        I have Zinc Explorers and Developers that want to go into production. 🙂

        • On August 10, 2017 at 8:43 pm,
          Excelsior says:

          We need to start asking people “have you had your Zinc today?”

          (just don’t take too much, or it robs your body of Copper though)

          • On August 11, 2017 at 5:17 am,
            Excelsior says:

            Glencore turns bigger Copper, Zinc price bull; Nickel not so much

            Frik Els | about 16 hours ago

            “”Most automotive players are now accelerating investment in/adoption of electric vehicle technologies, reflecting, in part, increasingly aggressive Government mandates around emission targets. Growth in electric vehicle/energy storage systems requires changes in material flows, including the installation, rebuild and replacement of supporting infrastructure. Based on current and emerging technologies, these changes should benefit enabling commodities such as copper, cobalt and nickel,” Glencore said in a statement accompanying its half-year results.”


          • On August 11, 2017 at 6:36 am,
            Bonzo Barzini says:

            30 mg of zinc a day is not too much. It’s good for the prostate and immune system.

    • On August 10, 2017 at 10:21 pm,
      Excelsior says:

      Mickey Fulp: “Very Bullish” on Copper and Zinc

      InvestingNews – Aug 10, 2017

      “Mercenary Geologist Mickey Fulp explains why he’s bullish on copper in the short term and zinc in the medium term. He also discusses gold and two companies whose drill results he’s excited to see. ”


  9. On August 10, 2017 at 4:31 pm,
    OOTB Jerry says:

    BOB M…..at 321gold has a great article on NOVO
    it is going to suck the money out of tulip bulb, beanie babies, and cryptos,,and make billions for investors………

    • On August 10, 2017 at 4:32 pm,
      OOTB Jerry says:

      and maybe a 100 bagger……..he says……

      • On August 10, 2017 at 4:53 pm,
        Bonzo Barzini says:

        If it will just go to 71 my Novo will be worth a million. Is that too much to ask?

        • On August 10, 2017 at 5:06 pm,
          Excelsior says:


          • On August 10, 2017 at 5:16 pm,
            JohnK says:

            Hi Shad:
            So Mathew took me back to January 9th 2016 last night and your post said if you had a trading system that printed money ,you would be on a Greek Island with a laptop.
            I always tell my kids I’m going to retire at a Super 8 with a laptop.
            I guess I need to step up my game.

          • On August 10, 2017 at 8:41 pm,
            Excelsior says:

            Yes, I read some of those old posts on that link and enjoyed it. We were buying up the silver stocks the middle of Jan 2016. Very good timing there, but unfortunately no Greek Island ………..( yet ) I just like the idea of working by the ocean with breeze and good food and drinks looking at a few charts, hitting buy/sell then closing down shop (meaning the laptop) Haha! 🙂

          • On August 11, 2017 at 6:39 am,
            Bonzo Barzini says:

            Close, but a tad high.

          • On August 11, 2017 at 10:32 am,
            Excelsior says:


      • On August 10, 2017 at 5:08 pm,
        JohnK says:

        I wish Mr. Moriarty and those invested in Novo all the success in the world.
        What Mr Moriarty doesn’t quite understand yet that the twenty something in Japan,China, S.Africa….etc….etc… that just purchased crypto doesn’t give a rats ass about some Gold Deposit in Australia.Nor do 99% of the people walking this Planet.

        • On August 10, 2017 at 5:59 pm,
          confused says:

          It might look good as a vanity pate:)
          I guess the Cryto-currency-fever will eventually fade as every major,corporation, Tom,Dick and Harriette start their own versions. In fact that is already happening. Eventually they will die off and morph into some sort of new loyalty “points-programs” at Amazon, Walmart and Costco. In the mean time financial ruin will remind us why we hold hard a.k.a REAL assets.

          • On August 10, 2017 at 6:14 pm,
            JohnK says:

            Like everything else there will be winners and there will be losers.Regardless of how many Cryptos there are,Bitcoin will always have first mover advantage.
            Look at the survivors of the dot com bubble,there were a ton of casualties,but the survivors are the ones that made some forward thinking people very wealthy.
            Am I saying this will be the direction of the cryptos? I don’t know,I do know if this pans out I will have picked the right time to jump.If not I still am in the ten bagger club with the Jrs.

          • On August 10, 2017 at 6:29 pm,
            JohnK says:

            Good One ,I didn’t get it at first.I had to google “Vanity Pate”

          • On August 10, 2017 at 9:01 pm,
            Excelsior says:

            Good one guys. 🙂

  10. On August 10, 2017 at 5:46 pm,
    Dick Tracy says:

    BRE-X went to$258 per share and then the head geologist jumped out of a helicopter, don’t forget “Nobody Knows Anything”. Gold Canyon was sold for around 40 cents a share with a 5 million ounce low grade deposit. The suckers in investing are the ones that don’t take profit when they can. I remember riding the elevator down in the TD bank in the1980’s when Nortel was all the rage, look it went to $108 and now it is $55 and a buy, remember it finally fell to 67 cents and then the bust came, a sucker is born every minute. DT!

  11. On August 10, 2017 at 6:06 pm,
    JohnK says:

    Funny you should mention Gold Canyon. When I purchased Bitcoin I also purchased equal dollar amounts of Gold Canyon with a cost basis of 16 cents. At that same time I also purchased equal dollar amount of Osisko Mining with a cost basis of 48 cents.All three,Bitcoin,Gold Canyon,now First Finance and Ryan Gold now Osisko have been winners.

    • On August 10, 2017 at 9:04 pm,
      Excelsior says:

      JohnK – Nice work picking some big runners. Well done sir.

      • On August 11, 2017 at 4:05 am,
        JohnK says:

        Thanks Shad .

  12. On August 10, 2017 at 6:40 pm,
    JohnK says:

    “Nobody Knows Anything” After You’ve lost enough money, you can hear the sucking sound a mile away. That is the sound of your money going into the abyss never to return. Lucky for us here in the U.S Uncle Sam lets us write it off.I really heard the sucking sound watching Fukashima Daiichi melt down on the TV.

  13. On August 10, 2017 at 9:06 pm,
    Excelsior says:

    Brad Cooke: Silver Stocks Are Ready to Endeavor on an Epic Rally
    Palisade Radio Aug 10, 2017

    “Brad feels we were in the usual summer doldrums with silver mining stocks declining and consolidating. August has been pretty dreadful in the metal markets, flat earnings have caused sell offs. The sentiment was quite negative until the last couple of days. Things seem to have begun to turn around after the recent news about North Korea and the inactions in regards to U.S. legislation. Both gold and silver have broken their short term trends. We might be looking at a multi-week uptick from here.

    The next secular move in gold and silver are based on fundamentals, not the Fed, Trump or Korea. They have everything to do with global debt and deficits. Korea happens to be today’s trigger the next wave up will be a different trigger.

    Brad discusses recent developments with Endeavour Silver how they have recently hired a new VP of engineering and formed a technical service and mine development group. They have a lot of news coming out over the next few months in exploration and potential discoveries.

    Endeavour is a higher than average cost producer, and our cash flow leverage is higher than most. A swing of $1.00 in the price of silver has a bigger effect for them than most companies. He thinks Silver is moving into a multi-year secular up leg.”


    • On August 11, 2017 at 5:20 am,
      Excelsior says:

      August 9, 2017—Americas Silver Corporation (TSX: USA) (NYSE : USAS)

      “The Company had a strong second quarter, generating net income and strong operating cash flow from our operations despite low silver prices,” said Americas Silver Corporation President and CEO Darren Blasutti.

      “We expect Nuestra Senora to continue producing until the end of the third quarter whe San Rafael transitions from a development project into a producing mine in the fourth quarter. Fiscal 2018 is shaping up to be the most exciting year in the Company’s history as San Rafael commences commercial production.”


  14. On August 10, 2017 at 9:27 pm,
    Excelsior says:

    Alexco Reports Second Quarter 2017 Results

    Aug. 10, 2017 /CNW/ – Alexco Resource Corp. (NYSE:AXU, TSX:AXR)

    “Alexco’s Chairman and Chief Executive Officer Clynt Nauman said, “Alexco is fully engaged on site operations and a plan to move steadily forward in preparation for a final production decision at Keno Hill. More specifically, the Company is systematically ramping up on-site resources to execute and support phased underground exploration and development campaigns, initially at Bermingham and subsequently Flame & Moth. In addition we have completed approximately half of the 12,000 meter surface exploration program in the Bermingham vicinity and expect to have the program completed on schedule in late September. Advancement of the 600 meter underground decline and subsequent underground drill program at the Bermingham deposit will begin shortly, pending amendment approval of the Class IV permit.”


  15. On August 11, 2017 at 6:18 am,
    CFS says:
  16. On August 11, 2017 at 6:30 am,
    JohnK says:
    • On August 11, 2017 at 7:48 am,
      JohnK says:

      Good stuff CFS.
      Who would have thought that the astronauts aboard the station would need new laptops every month.

  17. On August 11, 2017 at 6:37 am,
    OOTB Jerry says:

    Gartman……..positive on GOLD………..says Stock Market has come to an end….

    • On August 11, 2017 at 6:39 am,
      OOTB Jerry says:

      NO more Bull….in stocks

    • On August 11, 2017 at 6:47 am,
      JohnK says:

      Dennis the Bedazzler with his banter of contango and backwardation.
      CNBC marched him out last month to discredit Bitcoin.
      Another lost Dinosaur.

      • On August 11, 2017 at 7:13 am,
        OOTB Jerry says:

        Dennis is always a HOOT……lost ball in high weeds…..

        • On August 11, 2017 at 7:27 am,
          JohnK says:

          Way to funny!

  18. On August 11, 2017 at 6:41 am,
    OOTB Jerry says:

    What Mainstream does not get about BITCOIN…………..zh

    • On August 11, 2017 at 6:51 am,
      JohnK says:

      Try this :
      Technolibertarians,D Apps and Ethereum.
      D Apps do not need to trust in the benevolence of Central Administrations like Amazon to run code or in payment systems like Pay Pal or banks to exchange currency.

      • On August 11, 2017 at 7:12 am,
        OOTB Jerry says:

        John………thanks , very interesting………

        • On August 11, 2017 at 7:36 am,
          OOTB Jerry says:

          If, you have time…..check out AdEx…..lead given to me by Bix Weir/Clif High

          • On August 11, 2017 at 7:37 am,
            OOTB Jerry says:

            Up 300%….in 24 hrs.

          • On August 11, 2017 at 7:39 am,
            OOTB Jerry says:

            what they are selling is truth in advertising……which Facebook, Google will need to go to, as Fake news is going to get hammered.

          • On August 11, 2017 at 7:40 am,
            OOTB Jerry says:

            Not promoting, just thought it was interesting……….ootb

          • On August 11, 2017 at 7:57 am,
            JohnK says:

            I would say that is crazy stupid money,but all you have to do is look at the net worth of the Internet Millionaires and Billionaires.

          • On August 11, 2017 at 8:04 am,
            OOTB Jerry says:

            do not trip over all the beanie babies, getting to the computer…. 🙂

          • On August 11, 2017 at 8:20 am,
            OOTB Jerry says:

            Princess Di……$5000……..one thing about beanie babies…..they will make a come back, because they were so popular…..maybe by 2035….when the kids are 60 yrs old, and want to remember the good old days…….. 🙂

  19. On August 11, 2017 at 7:02 am,
    JohnK says:

    Crypto Currency Market just set a new all time high.

  20. On August 11, 2017 at 7:02 am,
    Wolfster says:

    Any technical analysis thoughts on Auryn would be appreciated. I was hoping to get more in the $3.25 range as it moves down to its 50 day but I’m weak at best on TA

  21. On August 11, 2017 at 8:06 am,
    JohnK says:

    Will Palladium make it through the 2014 top?.

    • On August 11, 2017 at 8:13 am,
      OOTB Jerry says:

      Buy some platinum coins……..better buy, and easier to trade…..jmo

    • On August 11, 2017 at 10:08 am,
      Excelsior says:

      Palladium has just been on a tear this year.

  22. On August 11, 2017 at 8:06 am,
    OOTB Jerry says:

    Silver stinks for the day………..jmo

  23. On August 11, 2017 at 8:10 am,
    OOTB Jerry says:

    BEZO, the clown , falls to third riches man,…..wholefoods took him out to lunch…..zh

  24. On August 11, 2017 at 8:12 am,
    OOTB Jerry says:

    BITCOIN SPIKES to NEW HIGH……over $3500……..zh

  25. On August 11, 2017 at 8:33 am,
    GH says:

    GDX has taken out 23.09, but 23.86 is more important. Likewise, I’d like to see GDXJ take out 35.05 before this up-leg peaks.

    The setup looks great to me. Bullish.


  26. On August 11, 2017 at 8:36 am,
    OOTB Jerry says:

    GOLD COIN OF THE WEEK………..1oz (act .91) of Gold
    1895 Liberty Head 20…….MS66 ultra………………………..$164,500

    • On August 11, 2017 at 8:37 am,
      OOTB Jerry says:

      the guy who picked this up at the bank, did not know what he had 100 yrs later……

      • On August 11, 2017 at 8:41 am,
        OOTB Jerry says:

        1943 Bronze 1cent penny……MS62……………$282,000……found in pocket change.. 🙂

  27. On August 11, 2017 at 8:50 am,
    b says:

    Ive always disliked the # system for coins.
    My understanding tho is MS 60 and higher is BU?
    or are ms 60 just uncirculated?

    • On August 11, 2017 at 8:52 am,
      OOTB Jerry says:

      MS 60 are the lowest uncirculated…

      • On August 11, 2017 at 8:53 am,
        OOTB Jerry says:

        BU…….brilliant uncirculated

        • On August 11, 2017 at 9:00 am,
          OOTB Jerry says:

          MS 60…….a strickly uncirccualted coin with no trace of wear, but with bag marks and other abrasions more obious than MS63. May have a few small rim mars and weakly struck spots. Has full mint luster but may lack brilliance, and surface may be spotted or heavily toned.

          • On August 11, 2017 at 9:03 am,
            OOTB Jerry says:

            from the Official American Numismatic Association grading standards for US coins…7th edition.

          • On August 11, 2017 at 9:06 am,
            OOTB Jerry says:

            Note……..I have seen toned coins grade MS 65 PCGS….the toning is sometimes an issue, NGC is another story…..

          • On August 11, 2017 at 9:14 am,
            b says:

            Thats what I thought Jerry.
            Means the story is bogus.
            “1943 Bronze 1cent penny……MS62……………$282,000……found in pocket change.”

            Found in pocket change is circulated.

            Best it could be is au, almost uncirculated.

          • On August 11, 2017 at 9:19 am,
            b says:

            Ive noticed that the generation of collectors today really dont understand grading.

            I realized when I bought my 5 cent(1 gram silver) pcs off ebay

          • On August 11, 2017 at 9:21 am,
            b says:

            and canadian silver dollars, those are 1/2 once silver.

            Tuff to find a 1/2 once silver here, the premiums from the dealers are thru the roof.

          • On August 11, 2017 at 10:00 am,
            OOTB Jerry says:

            Coin grading……..is the condition of the coin…..not were the coin is found.

          • On August 11, 2017 at 10:04 am,
            OOTB Jerry says:

            I do see your point…….of circulation …….but, all MS coins would have to come directly from the mint……and never be found in change, or circulated among collectors.

          • On August 11, 2017 at 10:43 am,
            b says:

            Thats why Im not a fan of these ms #s.

            To me, they show a person simply doesnt understand grades.

            Here would be a logical # system, ms 10 meaning 10 bag marks, 9=9 and so forth, until ya got to ms 0, the perfect coin.
            no idea what ms even means.

            I do understand now these #s are the norm, but should I buy a coin I use my eyes to grade it.
            And these guys that “certify” a coin…..good grief. Someone should send them a charlton.

          • On August 11, 2017 at 10:51 am,
            b says:

            uncirculated used to mean a person wrote the mint and got a coin directly, the next best thing was to get a coin from the bank teller the day they arrived in the bags.
            Obviously needed a relationship with the bank.

            Things change tho.

            Toning is acceptable now, years ago a toned coin wouldnt be bothered with as it was considered damage.

          • On August 11, 2017 at 11:04 am,
            b says:

            Collecting itself has changed, see the crap the mints put out now?
            Not to say some are not nice coins, but gems in them? etc

            They mint them just to collect them, dont blame them the mint makes money on them.
            But they are like pokemon or hockey cards today, we used to collect pcs of history.

            But history means squat today, unless your an aboriginal group defending yourself against oil companies etc. War dates maybe.

          • On August 11, 2017 at 11:10 am,
            b says:

            Circulated means it has been damaged, even if a person simply touched it to put it in his pocket, it has been damaged from the oil

            Heck, we used to consider a “dipped” coin ruined, now its considered cleaned.

            Geez, check the cleaning methods written about, its like they dont have a clue.
            Nothing other than an extremely soft brush and soap and water should be used for cleaning.
            Today, products are recommended.

            But as I said, things change.

          • On August 11, 2017 at 11:17 am,
            OOTB Jerry says:

            MS………MINT STATE

          • On August 11, 2017 at 11:19 am,
            OOTB Jerry says:

            TONED Morgans……bring a premium , like Rainbows…

          • On August 11, 2017 at 11:21 am,
            OOTB Jerry says:

            AG 1 , are now bringing more than xf, vf,f.. COINs, if you can get the grader to grade it….Just A FAD

          • On August 11, 2017 at 11:23 am,
            OOTB Jerry says:

            Grading and the coin business has changed since 87…..with NGC, is now siding with the mega coin dealers….which you might get a better grade if you submit 100 of coins….

          • On August 11, 2017 at 11:26 am,
            OOTB Jerry says:

            I agree with you on the oil, in the hands….and a coin can be damaged

          • On August 11, 2017 at 11:28 am,
            OOTB Jerry says:

            Coins in general circulation, will be damaged……maybe that is why that rating on the ms 62 bronze penny was not rated higher….after all it was a 1943…but, bronze, which they found to be incorrect.

          • On August 11, 2017 at 11:32 am,
            OOTB Jerry says:

            NGC……is now…..conserving /conservation of coin. special depart for increasing the value of the coin….altering the natural state of the coin, so , cleaning use to be taboo,….and I agree , you would never do anything to enhance the grade…..times have change, not so sure I agree with everything that is being done.

          • On August 11, 2017 at 11:34 am,
            OOTB Jerry says:

            I stopped collecting anything from the mint……

          • On August 11, 2017 at 11:37 am,
            OOTB Jerry says:

            Thanks for the follow up…….appreciate the conversation regarding the coins.

  28. On August 11, 2017 at 8:54 am,
    JohnK says:

    CCV.V Cornerstone Metals. .12 up .07
    Up 166.7%

  29. On August 11, 2017 at 9:06 am,
    spanky says:

    The 50, 100 and 200 WMAs on $HUI, $gold and $XYJ are converging in an incredibly similar fashion, not to mention how the convergence is almost perfectly symmetrical. It’s pretty incredible.

  30. On August 11, 2017 at 9:14 am,
    spanky says:

    Look how the $HUI is sandwiched between the 20. 50, 100 and 200 WMAs. Mayhem is incoming.


    • On August 11, 2017 at 9:18 am,
      spanky says:


  31. On August 11, 2017 at 9:23 am,
    JohnK says:

    This is the descending triangle pattern that J Gundlach and others have been using for their breakout calls. Actually the move is pretty far along to the right side of the formation.I expect a continuation to the upside but nothing dramatic.The convergences of the moving averages are definitely interesting.

    • On August 11, 2017 at 9:32 am,
      spanky says:

      Typically, I would say when the 50 WMA is arcing down like that towards the 200 and 100 WMAs, and price is trapped underneath the 50 WMA, it’s bearish.

      • On August 11, 2017 at 9:33 am,
        spanky says:

        This only applies to the HUI. XJY and gold have penetrated above the 50 WMA..

  32. On August 11, 2017 at 9:36 am,
    JohnK says:

    Try this on Spanky.

  33. On August 11, 2017 at 9:38 am,
    JohnK says:

    Sorry Spanky-I forgot Stockcharts wont let me post individual charts now that I’m not a member.

  34. On August 11, 2017 at 9:40 am,
    Matthew says:

    Klondex is looking good. Let’s see if it can close the day at 3.93. or higher…


    • On August 11, 2017 at 9:51 am,
      JohnK says:

      Klondex has been on a pretty good slide downwards.I would like to see a new base established before I would expect a significant move. I would have thought the same thing for the miners when the move came in 2016,but of course I was wrong.That being said I still say the best moves come from a strong base.

      • On August 11, 2017 at 10:08 am,
        Matthew says:

        John, KDX has been in a bull market for years so it is at a different place in than most of its peers — which is why I do not own it. However, there is now a very good chance that it has bottomed. Here’s a chart I posted months ago:


        • On August 11, 2017 at 10:32 am,
          Excelsior says:

          Good chart Matthew. Yes I was looking at the prior topping pattern from 2015 as well for support to come in. We’ll know soon enough…

        • On August 11, 2017 at 10:41 am,
          JohnK says:

          Mathew, Thanks for the chart.This is really a well put together.
          I totally agree 100% that this would be a dangerous time to own.
          I’m trying to say that someone is acquiring Klondex,Is that right?
          In any event I would like to see a formation such as point black 2 or black 4 on the chart before I would consider buying. Thus the “Base” and I would look to buy the breakout.
          To me it looks like a race car that just hit the wall. It is going to require some time for repairs.

          • On August 11, 2017 at 10:57 am,
            JohnK says:

            Also I will add that I would like to see the base at least 2x longer than point 2&4 due to the decline.

          • On August 11, 2017 at 11:52 am,
            Matthew says:

            John, I don’t want anyone to misunderstand me. KDX can and will go much higher. The reason I didn’t buy it 18 months ago when I was buying junior silver stocks is that I wanted more leverage. Some might recall that I decided to sell Claude at the time in order to buy more IPT even though I thought Claude would easily triple again (and it did). That turned out to be the right (but risky) move as IPT went on to more than triple Claude’s triple.

            Now that KDX has retraced nearly two-thirds of its entire 3.5 year bull market advance, I think its downside risk is very limited. Of course, that will change in an instant if it turns out I was wrong to be bullish the whole sector for the second half of the year.

        • On August 11, 2017 at 12:29 pm,
          JohnK says:

          Mathew :
          I’ve been reading over your posts and was going to put together a couple of questions for you this weekend.
          Now regarding this last post lets see if I’m understanding this right.
          First I will tell you that this is new to me as I have almost exclusively invested in the explorers and not the producers,due to the share leverage I could get with explorers.
          Limited funds always equaled high risk in cheap stocks.
          So lets see if I’m understanding you as far as Claude and Impact.Impact had moved farther down than Claude, therefore the expected move in Impact should be larger?
          Did you take into account the debt or the production numbers to affect your decision?
          Did you use any kind of metrics of one verses the other,or was it simply a technical call based off the charts?

          • On August 11, 2017 at 3:36 pm,
            Matthew says:

            To oversimplify somewhat, I look at a company’s valuation relative to the economics of its current and/or future production. Debt equals more leverage and more risk — often a lot more risk. Too much debt and/or questionable debt can have the same effect on share price performance as an in-ground resource that won’t be profitable at anywhere near current gold/silver prices. Both cause the shares of such companies to underperform their peers as gold/silver prices rise until they’ve finally risen enough to have a material positive impact on the risk/reward profile of the operation.

            The silver juniors responded with great “sensitivity” to small gains in the silver price 18 months ago because most had deposits or operations that were almost economic/profitable. In options speak, they were “at the money” while Claude was already “in the money” or even “deep in the money.”

            Since Claude was much more profitable and its resources were much more valuable/economic than the silver juniors in January, 2016 that meant that any given increase in the price of the metal Claude mines would have less of an impact on Claude’s profitability (on a percentage basis). For example, if company A makes $1 of profit per ounce at $15 silver and company B makes $10 of profit per ounce at $15 silver, then $16 silver would result in a 100% increase in profits for company A but only a 10% increase for company B. The same math applies to the value of the resources in the ground. the marginal deposit would enjoy a much larger increase in value than the one that is high grade. So, if both companies had assets in the ground valued at $100 million at $15 silver, then company A’s assets in the ground would rise to $200 million at $16 silver while company B’s assets in the ground would rise to just $110 million.

            Particularly when speculating in junior resource companies, I use fundamental considerations as well as the charts.

          • On August 11, 2017 at 3:41 pm,
            Matthew says:

            The shares of company A would obviously be much more sensitive/leveraged to the price of the metal than company B.

          • On August 11, 2017 at 4:10 pm,
            JohnK says:

            What can I say but THANK-YOU.I may have just joined the middle part of the pool.
            No more shallow end with floaties. THANK-YOU again.

          • On August 11, 2017 at 4:59 pm,
            Excelsior says:

            Matthew, I’ve understood that point on leverage to rising metals prices for a while on how it affects margins on miners that are “at the money” or just barely “out of the money” (compared to one that is in the money already)….. However, that example you just gave on the Company A versus Company B was very well stated in clear easy to understand language. REALLY well said mate. I wish more investors would have seen this little excerpt as it would help to illustrate the point of why investors should seek the Best of the Worst. 🙂

      • On August 11, 2017 at 10:30 am,
        Excelsior says:

        I’ve picked up a little Klondex yesterday when I reviewed their quarterly update news.

        It looks like it’s been punished enough at this point to at least grab a starter position so I went for it. Part of my inspiration was reading that Jan 9th, 2016 blog and realizing I had grabbed a position in it back then , and I had made an attempt to get back into KLDX right before the GDXJ rebalance, but then traded right back out of it.

        Frank Holmes said it was one of his largest positions and I’ve watched a few interviews with the CEO outlining their strategy for the balance of 2017 and I’m looking to see how things go with their exploration and development initiatives in the 2nd half of the year.

        • On August 11, 2017 at 11:06 am,
          JohnK says:

          You are one of the “Base” builders I’m talking about.

          • On August 11, 2017 at 4:55 pm,
            Excelsior says:

            Working on building that base!!

  35. On August 11, 2017 at 9:41 am,
    JohnK says:

    Put in the HUI with a 10 and a 20 DMA and things look a little different. JK

  36. On August 11, 2017 at 10:32 am,
    Matthew says:

    Good times are coming soon (days or weeks, not months):


    • On August 11, 2017 at 12:03 pm,
      Matthew says:

      I did buy more today, fwiw (@.325).