Richard Postma - The Doctor Is In – Tue 5 Dec, 2017

Is this a buy the dip opportunity for the metals?

today Doc and I focus on the selloff in the metals sector. We look at what could drive metals in the near term and if Doc is taking this selloff as a buying opportunity. The charts are not looking good but some stocks could be heading for a double bottom.

Click download link to listen on this device: Download Show

Richard PostmaCory Fleck
View related posts on: , , ,

  1. On December 5, 2017 at 12:47 pm,
    Excelsior says:

    I’ve been starting to nibble into the carnage, but want to see how the weekly ends up, and how Monday opens before the FOMC on Tue/Wed 12/3th.

    We saw this exact same pattern in Dec 2015 and Dec 2016 right before the metals and miners staged impressive rallies moving into Feb/early March.

    History may not repeat but it does rhyme…..

    (if it doesn’t rhyme I’ll create a new poem for history in March full of expletives.) 🙂

  2. On December 5, 2017 at 1:04 pm,
    bonzo barzini says:

    Doc, congrats again. You are now 7-O in football and basketball picks. Now we all want to know if you think Army can beat Navy after losing 14 straight, and who do you like in the following games: Buckeyes-USC, Sooners-Georgia, and Clemson-Bama? Thanks, Bonzo

    • On December 5, 2017 at 1:50 pm,
      jhpace1 says:

      As an Army man I continue to be dumbfounded as to how the Black Knights can lose on the field decade after decade. It’s time for a civilian coach at West Point!

      • On December 5, 2017 at 1:55 pm,
        OOTB Jerry says:

        Bobby Knight might be available………oh, wrong sport……..

        • On December 5, 2017 at 3:22 pm,
          bonzo barzini says:

          Bobby Knight had to leave West Point in 1971 as their basketball coach. He did not fit in there. He did better at Indiana for a time.

    • On December 5, 2017 at 5:53 pm,
      RICHARD/DOC says:

      BB; actually I’m 8-0. How about asking me later in the week so I can do some research since I know nothing about U.S servicemen beating up on each other.

      • On December 5, 2017 at 6:48 pm,
        bonzo barzini says:

        Doc, sorry I lost count. You should know that Navy has won the last 14 games with Army, but Army has a better record than Navy this year. Maybe the cadets have a chance…
        But I am much more interested in the Rose, Sugar, and Cotton bowls.
        I’m pulling for Sooners over Bulldogs, Buckeyes over Trojans, and Bama over Clemson, but wonder who you are picking.

        • On December 5, 2017 at 6:50 pm,
          RICHARD/DOC says:

          The only one I would question would be the sooners over the bulldogs—the sooners don’t seem to know what defense is although they might have discovered it the last 2-3 games.

      • On December 6, 2017 at 10:17 am,
        Robert Moriarty says:


        How about the Pentagon terrorists attacking the CIA terrorists in Syria? Would that qualify?

  3. On December 5, 2017 at 1:09 pm,
    Excelsior says:

    CHART: Commodity prices slump to 50-year low against US stocks

    Frik Els | Jun. 5, 2017

    • On December 5, 2017 at 1:10 pm,
      Excelsior says:

      Most generalist investors must believe this will just continue forever. We shall see…..

      • On December 5, 2017 at 1:12 pm,
        Excelsior says:

        Copper price plunges

        Frik Els | 8 minutes ago

        “Copper futures trading in New York cratered on Tuesday on doubts about the strength of Chinese demand for the metal, an improving supply picture and a jump in warehouse stocks of the metal.”

        “Copper on the Comex market for delivery in March, the most active contract declined 4.7% from Monday’s settlement price in heavy volume of more than 4.3 billion pounds touching a low of 2.9430 a pound in afternoon trade, a 10-week low.”

        “On the LME, benchmark copper closed down 4.2% at $6,542 a tonne, which was the worst drop in a single session since July 2015. LME copper also came under pressure from an uptick in warehouse inventories with headline stocks rising 10,650 tonnes to 192,550 tonnes.”

        • On December 5, 2017 at 1:40 pm,
          Matthew says:
          • On December 5, 2017 at 1:42 pm,
            Matthew says:
          • On December 5, 2017 at 1:53 pm,
            Excelsior says:

            Uh-oh…. looks like Dr Copper caught a cold ….

            I’ll have to keep a closer eye on the copper miners as they’ve been too overpriced as a general trend all year, and it is nice to see them go back on clearance sale. If we could get a nice run in the PM miners in Jan & Feb, then I’d be tempted to pull some profits out next spring and rebalance into Copper miners that should have arrived at lower prices.

          • On December 5, 2017 at 2:42 pm,
            Excelsior says:

            BTW – Good Copper charts Matthew. Much appreciated.

    • On December 5, 2017 at 1:25 pm,
      GH says:

      You probably already covered this Jerry,

      Quite a mess. What else should we expect from an agency dominated for decades by J. Edgar Hoover.

      • On December 5, 2017 at 1:39 pm,
        OOTB Jerry says:

        I am surprised, that this has not been pounded on by the Trump organization.
        This was mentioned several months ago, but, many have forgotten about it.
        Always good to keep mentioning the past fact.

          • On December 5, 2017 at 1:40 pm,
            OOTB Jerry says:

            just in case you missed it………..

        • On December 6, 2017 at 6:36 am,
          GH says:

          “I am surprised, that this has not been pounded on by the Trump organization.”

          Given the people Trump is surrounded by and to whom he is beholden, I suspect all this noise since his presidency began is just a show to distract the masses, while business as usual continues.

          I don’t see that Trump has put up a serious fight against the criminal attacks on his presidency. Obviously there’s a lot we can’t know. But, for instance, while Clapper criticized Trump, why didn’t Trump shut him down with a one liner: “Coming from a man who criminally perjured himself in front of Congress.”

          Either because he fears for his life, or because he’s fake. Or both.

          • On December 6, 2017 at 8:27 am,
            OOTB Jerry says:

            Good question ……….Either because he fears for his life, or because he’s fake. Or

    • On December 5, 2017 at 2:08 pm,
      Markedtofuture says:

      Mueller deputy praised DOJ official after she defied Trump travel ban order: ‘I am so proud’

      A top prosecutor who is now a deputy for Special Counsel Robert Mueller’s Russia probe praised outgoing acting Attorney General Sally Yates after she was fired in January by President Trump for refusing to defend his controversial travel ban.

      The email, obtained by Judicial Watch through a federal lawsuit, shows that on the night of Jan. 30, Andrew Weissmann wrote to Yates under the subject line, “I am so proud.”

      He continued, “And in awe. Thank you so much. All my deepest respects.”

      • On December 5, 2017 at 4:46 pm,
        David says:

        Justice Department has not brought a single criminal case against the leadership of Wall Street Bank, Central Bankers, Treasury, CFTC, SEC, ESF or any member of Congress for manipulative trading across the board including insider trading, high frequency trading, naked shorting, derivatives, front running, etc. The US AG works for the President and only acts criminally by direction or default. Someone in the Justice Department taking a stand against a president is a rare person, rather than a sellout.

        • On December 5, 2017 at 6:50 pm,
          Markedtofuture says:

          Tonight on Hannity they mentioned hearing of a shake up at the FBI sometime this week. The WSJ is calling for Mueller to resign. They need to do something things are out of hand.

          December 05, 2017 Hannity: Mueller’s investigators are partisan hacks

          Sean peels back the layers of this complex onion and exposes just how crooked and corrupt the special counsel and his team really are.

          • On December 5, 2017 at 6:56 pm,
            Markedtofuture says:

            The WSJ editorial board is calling for Robert Mueller to step aside as Special Counsel

            The Wall Street Journal editorial board is calling for Robert Mueller to step aside as Special Counsel in the Russia/election probe. This is because Mueller had to remove FBI agent Peter Strzok from his staff because Strzok apparently wrote anti-Trump emails to his mistress who also worked for Mueller.

            Agent Strzok also was deeply involved in the Hillary Clinton/email investigation that now looks shaky to say the least.

            The House Intelligence Committee is threatening contempt action against the Justice Department because it will not turn over Strzok’s emails to Congressional investigators as it is required to do.

            So this is one large mess and taints Robert Mueller’s investigation big time.

            Tonight on the No Spin News we will continue our reporting and analysis on the Mueller situation, and we’ll also talk with the Congressman spearheading a bill that would punish politicians in Sanctuary Cities.


          • On December 6, 2017 at 4:34 am,
            Markedtofuture says:

            Dec. 05, 2017 – 7:43 – Panel reacts to the latest revelations on ‘Hannity.’

            They do mention a FBI shake up possibly this week.


  4. On December 5, 2017 at 1:14 pm,
    OOTB Jerry says:
    • On December 5, 2017 at 1:23 pm,
      OOTB Jerry says:

      The entire precious-metals sector has been left for dead, eclipsed by the dazzling Trumphoria stock-market rally. But traders need to keep their eyes on the fundamental ball so herd sentiment doesn’t mislead them. The juniors recently reported Q3 earnings, and enjoyed strong results.

  5. On December 5, 2017 at 1:29 pm,
    CFS says:

    But open interest has been increasing and physical appears to be bleeding out from London.

  6. On December 5, 2017 at 1:31 pm,
    CFS says:

    Associated Press – 4 minutes ago
    BLACKSVILLE, W.Va. (AP) — A union official says a coal mine in northern West Virginia has been idled, with 260 workers losing their jobs, apparently because of adverse geological conditions and market issues.

    Phil Smith, spokesman for the United Mine Workers of America, says another 59 people were laid off a few months ago at the Federal No. 2 mine owned by ERP Compliant Fuels, which has no other mine to transfer the workers to.

  7. On December 5, 2017 at 1:33 pm,
    CaliJoe says:

    My top silver picks – AG, FSM, EXK
    Gold miners – AUY, SAND, BTG

    I don’t own any except BTG but I have dry powder ready. GL to all.

    • On December 5, 2017 at 1:40 pm,
      Excelsior says:

      CaliJoe – that’s a solid list of companies. You’ll do well when things get moving in PMs.

      • On December 5, 2017 at 1:54 pm,
        CaliJoe says:

        Thanks Excelsior. I believe we are final cleansing phase for PM complex, bollinger bands for silver crashed today..

        • On December 5, 2017 at 2:01 pm,
          Excelsior says:

          I ready to get the cleansing sentiment wash out of the way and looking forward to a more positive 2018.

  8. On December 5, 2017 at 1:35 pm,
    Chartster says:

    True statement, Doc. ( cracked me up…
    ” ya gotta get the kids off the street.”

  9. On December 5, 2017 at 1:46 pm,
    OOTB Jerry says:
    • On December 5, 2017 at 1:47 pm,
      OOTB Jerry says:

      A liar has a hard time remembering his statements…….

    • On December 5, 2017 at 3:28 pm,
      Markedtofuture says:

      Sean Hannity 12⁄5⁄17 Hannity Fox News Today December 4, 2017

      • On December 5, 2017 at 5:11 pm,
        OOTB Jerry says:

        thanks for the info……..I have not watch tv for awhile…..I like Hannity……thanks again

  10. On December 5, 2017 at 1:53 pm,
    Chartster says:

    You might find this interesting.

    • On December 5, 2017 at 2:18 pm,
      OOTB Jerry says:

      Indeed……..very interesting……..

      • On December 5, 2017 at 2:23 pm,
        OOTB Jerry says:

        Item 40 is interesting…….what do you think…….

        • On December 5, 2017 at 2:25 pm,
          OOTB Jerry says:

          if so., then Gowdy and his comments several months ago make sense.
          Gowdy, said he respected Mueller……

          • On December 5, 2017 at 2:41 pm,
            OOTB Jerry says:

            We might have to call him MOLER

        • On December 5, 2017 at 3:11 pm,
          OOTB Jerry says:

          I might be thinking wrong on no. 40

          • On December 5, 2017 at 3:15 pm,
            OOTB Jerry says:

            Chartster help me out on no 40…….mueller good or bad……thanks

          • On December 5, 2017 at 3:28 pm,
            Chartster says:

            I look at it this way. If Mueller had anything it already would have come out. He / they / the lot of them are stalling for some reason. Most of the dems want him fired.

            I think there are many past swamp dwellers that got pulled in, and then couldn’t find a way out. Trump is giving them the way out. IMO

          • On December 5, 2017 at 4:27 pm,
            OOTB Jerry says:

            thanks ……..Chartster…………………..

          • On December 5, 2017 at 5:10 pm,
            OOTB Jerry says:

            ok,…..I think I am back on track

        • On December 5, 2017 at 3:12 pm,
          Chartster says:

          What about Flinn doing a plea bargain agreement to give any and all information of any corruption that he is aware of…?! That’s a big deal in the big corrupt swamp! Flinn could be the one that blows the dam of the swamp….

          • On December 5, 2017 at 3:17 pm,
            OOTB Jerry says:

            another thing to ponder……..

  11. On December 5, 2017 at 2:17 pm,
    Excelsior says:

    Uranium Energy Corp. (UEC) CEO Amir Adnani on Kazatomprom Supply Cuts: “This is Massive”

    December 5, 2017

    • On December 5, 2017 at 2:46 pm,
      Dan, calgary says:

      I have UEX and UWE, both of which are doing well. Uranium up $4.50 to $26.50 on the 24hr delay chart. IMHO uranium is one of the hot plays over the next few months to years.

      I am far less impressed by the PMs but still have some investments. I sold most my bullion silver 2 years ago over $20 and have not bought any back yet.

      • On December 5, 2017 at 5:42 pm,
        Excelsior says:

        Most of the Uranium stocks have been doing great for the last month:


        • On December 5, 2017 at 9:18 pm,
          Excelsior says:

          Uranium Spot Price Up 15% Last Night – Here’s Why

          Palisade Research December 5, 2017

          “Uranium stocks surged yesterday.


          “Because the top two producers of uranium have thrown the towel in. . .”

          “Kazatomprom – the world’s largest producer of uranium – declared it will cut output by 20% for the next three years.”

          “This follows last year – December 2016 – when Kazatomprom declared it was cutting production by 10%.”

          “And in an effort to create a floor for the uranium price, Cameco is executing a similar strategy by shutting down and suspending production at McArthur River and Key Lake milling operations in northern Saskatchewan.”

          “Kazatomprom produces over 40% of the world’s uranium, while Cameco’s McArthur River produces 12%.”

          “Together, the cuts reflect 20% of the world’s production. . .”

    • On December 5, 2017 at 2:51 pm,
      Dan, calgary says:

      This chart is not good for the sector IMHO.$GOLD:$SILVER

      • On December 5, 2017 at 8:11 pm,
        Matthew says:

        You are right. The weekly isn’t looking good right now either…

      • On December 5, 2017 at 9:20 pm,
        Excelsior says:

        Agreed Dan, calgary….. the Precious Metals, and the related mining companies have been, and still are, under pressure for the short term.

        For now we are getting a sentiment wash, but this too shall pass….

        • On December 6, 2017 at 1:29 am,
          Dan, calgary says:

          Thanks for your input guys, it is appreciated. I have a Christmas list of stocks to look at in a couple weeks.

          • On December 6, 2017 at 7:15 am,
            Excelsior says:

            Tis the “tax loss Buying” season….. 🙂

  12. On December 5, 2017 at 8:43 pm,
    Matthew says:

    Gold took back the 233 week MA in July and has been well above it ever since. The last time it did that was in 2012.

    When gold climbed above that MA at the start of the last bull market in 2002, it didn’t touch it again (or even come close to it) for an entire decade.

    The importance of that MA was on display in 2016 as gold was capped by it repeatedly and was unable to close above it for even two weeks in a row. Then, in 2017, it stopped gold two more times before it was overcome.

    The picture is not bearish.

  13. On December 5, 2017 at 11:33 pm,
    Matthew says:

    Not since May has silver been so oversold relative to gold…

  14. On December 5, 2017 at 11:41 pm,
    Matthew says:

    I posted this Dow breakout chart just over a year ago…

    A correction can’t be far off.

  15. On December 6, 2017 at 7:30 am,
    OOTB Jerry says:

    Down she goes…………..silver …………….$15.94

    • On December 6, 2017 at 9:35 am,
      Excelsior says:

      Yep – sub $16 Silver has arrived…. The Silver miners haven’t sold off quite as bad as I’d expect on this though, but that is because they’ve been selling off all year long already and most of the downside has been priced in. Some silver miners are even up today despite the metal getting pummeled.

  16. On December 6, 2017 at 8:33 am,
    Matthew says:
  17. On December 6, 2017 at 8:34 am,
    Matthew says:
  18. On December 6, 2017 at 10:11 pm,
    reo says:

    Gold and silver DEAD MARKETS…keep looking at the charts and dreaming…..keep listening to the gold bugs talk of a RUN UP any day now soon it s coming just wait for it….WHAT A JOKE THE gold bugs are