Exclusive KE Report Commentary – Wed 28 Feb, 2018

Short and Long Term Outlooks For Oil, Natural Gas, and the USD

Chris Vermeulen, Founder of The Technical Traders shares his outlook for the oil, natural gas and the US dollar. Natural gas is looking like a nice trader at it’s current level and oil while it is pulling back today is still at holding the recently breakout range. As for the USD long-term bearish is where we both stand.

Click download link to listen on this device: Download Show

Click here to visit Chris’s site for more technical commentary.


Featuring:
Chris VermeulenCory Fleck
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Comments:
  1. On February 28, 2018 at 2:16 pm,
    OOTB Jerry says:

    TRUMP ON SLIPPERY SLOPE…….ON GUN CONTROL
    He has to be out of his mind on this one…
    If, he is battling DEEP STATE, he just became ONE>
    https://www.zerohedge.com/news/2018-02-28/take-guns-first-trump-breaks-republicans-over-gun-control-plan

    • On February 28, 2018 at 2:17 pm,
      OOTB Jerry says:

      TRUMP needs to go after the DRUG COMPANIES FIRST, THEN the SCHOOLS brain washing everyone.

    • On February 28, 2018 at 8:37 pm,
      Matthew says:

      He’s been out of his mind on this one because I was right about him all along. The sheeple are just plain gullible and clueless. It’s ridiculous.

      • On March 1, 2018 at 5:53 am,
        Chartster says:

        How is Trump out of his mind on this one? The bump stock?

        • On March 1, 2018 at 6:52 am,
          OOTB Jerry says:

          The real issue has nothing to do with GUNS, but, the MENTALLY ILL, caused by medication from Pharma and lack of education of the same. The Schools promote drugs…and condone the use as a way to control students.

          • On March 1, 2018 at 7:24 am,
            Chartster says:

            The REAL issue is that these mass shootings are false flag plays put on by rogue government contractors. And the media is complicit in the whole scheme! Any critical thinking person knows this. And it’s high time Trump exposes these atrocities. The truth bloggers are getting shut down by the day for exposing the truth.

          • On March 1, 2018 at 8:37 am,
            OOTB Jerry says:

            Problem with your argument…..which I agree with by the way……
            You will never get the sheeple to agree with false flag ….
            You however, might be able to get the sheeple to agree, that the kids are sick, and the teachers can confirm that, by just going back a generation or two,, and asking their grandparents and parents , if they remember so many drug induced kids…….

          • On March 1, 2018 at 8:40 am,
            OOTB Jerry says:

            Chartster……ditto on the media…..

          • On March 1, 2018 at 8:41 am,
            OOTB Jerry says:

            I posted below,…..the shut down of people in the know on utube…..

      • On March 1, 2018 at 5:55 am,
        GH says:

        Ah c’mon Matthew, he’s playing 4D chess!! LOL

        Jerry, maybe we could all agree in principle about guns and mentally ill folks. But who counts as mentally ill in a nation where 1 in 4 women age 40-60 takes antidepressants, and something like 1 in 10 children is on a psychoactive pharmaceuticals? Who controls the psychiatric profession?

        For the slimeballs who hate the 2nd, this is almost certainly just another back-door approach to their goal.

        • On March 1, 2018 at 6:12 am,
          Chartster says:

          GH,
          It is 4D chess. The 2nd ammendment will stay intact under Trump. I do agree with you about the drug problem in America.

          I like things like this.
          https://www.cnbc.com/2018/03/01/president-trump-will-announce-tariffs-at-meeting-thursday.html

        • On March 1, 2018 at 6:54 am,
          OOTB Jerry says:

          Women, would not be so depressed, if, they stopped taking all the drugs, Which the doctors push, from the suggestion of BIG PHAMA….

          • On March 1, 2018 at 6:55 am,
            OOTB Jerry says:

            Pharma……

        • On March 1, 2018 at 7:26 am,
          OOTB Jerry says:

          KISS…..RULE ….applies here…………

        • On March 1, 2018 at 7:29 am,
          OOTB Jerry says:
        • On March 1, 2018 at 7:41 am,
          Matthew says:

          Yes, GH, the worst part is that those who get to decide who’s mentally ill will be the mentally ill leftists themselves. The scumbags are shameless authoritarian monsters that aren’t at all who they claim to be.

          • On March 1, 2018 at 8:38 am,
            OOTB Jerry says:

            ditto

          • On March 1, 2018 at 10:03 am,
            GH says:

            The next logical step in he guns and mental health argument would be to turn it into a *households with guns and residents with mental health problems*.

            Few realize that the same people who run the US today were responsible for the mass-slaughter of the Bolshevik Revolution. What would they do in the US, if they ever manage to confiscate guns?

          • On March 1, 2018 at 10:48 am,
            OOTB Jerry says:

            Remember…..the NWO…..is to REDUCE POPULATION>>>>>>

          • On March 1, 2018 at 10:49 am,
            OOTB Jerry says:

            FLu shots responsible for 40,000 deaths this year……..just saying

          • On March 1, 2018 at 11:03 am,
            Matthew says:

            With so much info at everyone’s fingertips these days, it is easy to conclude that the vast majority of people love their ignorance and will do anything to protect it.

          • On March 1, 2018 at 11:05 am,
            OOTB Jerry says:

            sounds like a Mark Twain quote………. 🙂

  2. On February 28, 2018 at 3:08 pm,
    Excelsior says:

    Layered oxides for rechargeable Zinc Batteries

    February 28, 2018, King Abdullah University of Science and Technology

    “Layered oxides can form the basis of high-performance materials for battery electrodes. A KAUST team has developed a cheap and simple technique that creates this crucial element for rechargeable zinc-ion cells.”

    “Lithium-ion batteries power most of our everyday electronic devices, such as cell phones and laptop computers. But there is a growing need to store energy on much larger scales, such as retaining the electricity generated by solar cells for use at night. Scaling lithium-ion battery technology up to such an industrial-level application is expensive and presents serious safety issues, including toxicity and the flammability of the electrolytes….”

    https://techxplore.com/news/2018-02-layered-oxides-rechargeable-zinc-batteries.html

  3. On February 28, 2018 at 3:33 pm,
    Dick Tracy says:

    The broker’s loans are way beyond normal, if The White House doesn’t acknowledge this then they are sponsoring this, and that means they want inflation but this is a contradiction for the sober people of the financial community.

    • On February 28, 2018 at 4:02 pm,
      OOTB Jerry says:

      Ditto, Big Dick Tracy………….

  4. On February 28, 2018 at 5:29 pm,
    OOTB Jerry says:

    Just keeps getting better…and you thought wallstreet ,stock market and treasury are separate…….
    https://www.youtube.com/watch?v=rQouKi7xDpM

  5. On February 28, 2018 at 6:41 pm,
    Excelsior says:

    (HIVE) (HVBTF) HIVE Blockchain Releases Fiscal 2018 Third Quarter Financial Results and Provides Operational Update

    “Expanded operations in Iceland with acquisition of second phase of GPU-based mining rigs from Genesis Mining Ltd. (“Genesis”), bringing the Company’s digital currency mining footprint in Iceland to 3.8 megawatts (“MW”);”

    “Solidified strategic partnership with Genesis with agreements to jointly construct two state-of-the-art data centres in Sweden to add a further 40.4 MW of capacity by September 2018, including 20.4 MW dedicated to mining GPU-based digital currencies such as Ethereum, Ethereum Classic and ZCash and 20.0 MW dedicated to mining SHA-256-based digital currencies such as Bitcoin and Bitcoin Cash”

    “Raised $147 million (CDN $187 million) of growth capital in the quarter to finance rapid expansion and future growth opportunities and investments;”

    “Generated revenues of $3,274,186, with a gross mining margin of $2,382,687, from mining of digital currencies at Iceland facilities;”

    “Net income of $149,724 for the period”

    “Accumulated and held $5,827,805 worth of newly minted Ethereum, Ethereum Classic and ZCash as at December 31, 2017;”

    “Return on investment of 36% by December 2017 through investment of $16,284,690 in data centre equipment since September 2017 which has generated digital currencies with a value of $5,827,805.”

    https://ceo.ca/@newswire/hive-blockchain-releases-fiscal-2018-third-quarter

  6. On February 28, 2018 at 7:29 pm,
    Excelsior says:

    POSCO deal completes (PLS) Pilbara Minerals Lithium offtake challenge

    Feb 28 2018 by Peter Ker

    “Lithium aspirant Pilbara Minerals appears to have found a buyer for all of its forseeable production after striking a major offtake and share subscription agreement with Korean steel giant POSCO.

    “POSCO will spend $79.6 million buying 4.75 per cent of Pilbara and has signed a preliminary agreement to establish a downstream processing joint venture in Korea, which could potentially give the Australian company exposure to the greater margins on offer…”

    http://www.afr.com/business/mining/posco-deal-completes-pls-lithium-offtake-challenge-20180228-h0wsw7

    • On February 28, 2018 at 7:31 pm,
      Excelsior says:

      Giustra-Backed Lithium X (LIX) Plunges on Doubts About Chinese Buyer

      By Natalie Obiko Pearson and Danielle Bochove – February 28, 2018

      “A lithium explorer backed by Canadian mining magnate Frank Giustra dropped in Toronto trading amid speculation that its prospective buyer, a Chinese investment company, may fail to cough up the cash.”

      “Vancouver-based Lithium X Energy Corp. fell the most in nearly two years Wednesday, the latest casualty in a sector that’s been pummeled this week on forecasts that a supply glut may loom for the metal used in electric-vehicle batteries.”

      https://www.bloomberg.com/news/articles/2018-02-28/giustra-backed-lithium-x-plunges-on-doubts-about-chinese-buyer

      • On February 28, 2018 at 7:43 pm,
        Excelsior says:

        Lithium Bull Running On Fumes

        by @Goldfinger on February 28, 2018

        https://ceo.ca/@goldfinger/lithium-bull-running-on-fumes

        • On March 1, 2018 at 7:08 am,
          Excelsior says:

          Lithium expansion talk fills the room at BMO
          01 MARCH 2018

          “The organizers of the BMO Metals and Mining conference added a new age metals stream to its annual event in Florida, US, this year and it ended up standing out from the crowd.”

          “The bulk of presentations in the diversified, gold, silver, base metals and diamond streams were packed with mentions of shareholder returns, free cash flow and (at a push) brownfield expansions, but growth and investment were front and centre of the battery raw materials space. ”

          This was especially so on the lithium development and production side, with “essentially every company … in the middle of, or looking for funding to drive new capacity as the industry looks to satiate large expected demand increases”, the bank’s analysts said.

          http://www.mining-journal.com/events-coverage/news/1316010/lithium-expansion-talk-fills-the-room-at-bmo

  7. On February 28, 2018 at 7:46 pm,
    Excelsior says:

    Gold Is “Where It Should Be” – Pierre Lassonde
    Feb 28, 2018 #VIDEO

    “While a much higher gold price is needed to bring bullish sentiment back into the mining space, they yellow metal is already fairly priced, said Pierre Lassonde, Chairman of Franco-Nevada Corp.”

    “At $,1300 [an ounce], I will argue that gold is well priced,” Lassonde told Kitco News on the sidelines of the BMO Global Metals & Mining Conference. “It’s not overpriced and it’s not underpriced. It’s where it should be given everything else that’s happening in the world.”Lassonde noted that the industry itself, particularly the producers of precious metals, have been performing well, but much higher gold prices will be needed to secure investors’ interest back into the market. “At $1,300 gold, the mining companies, the operators, are doing well, you can see the balance sheets are better than ever. They’ve learned their lesson and are focusing on margins,” Lassonde said. “But if you look at the investors, they don’t want to hear about it.”

    http://www.kitco.com/news/video/show/BMO-Conference-2018/1869/2018-02-28/Gold-Is-Where-It-Should-Be–Pierre-Lassonde#_48_INSTANCE_puYLh9Vd66QY_=http%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DBMO-Conference-2018

  8. On February 28, 2018 at 7:54 pm,
    Excelsior says:

    U.S. to overtake Russia as top oil producer by 2019 at latest: IEA

    Osamu Tsukimori – February 26, 2018

    https://www.reuters.com/article/us-energy-iea/u-s-to-overtake-russia-as-top-oil-producer-by-2019-at-latest-iea-idUSKCN1GB0C6

  9. On March 1, 2018 at 6:24 am,
    Excelsior says:

    Where the Markets are Headed:
    The 2018 Global Base Metals Outlook

    Thomson Reuters

    http://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1d9ddbu-Thomson%20Ruesters%202018_Global_Base_Metals_Outlook.pdf

    • On March 1, 2018 at 6:27 am,
      Excelsior says:

      Billionaire Lundin Chases Base-Metal Buy With $3 Billion Budget

      By Danielle Bochove – February 28, 2018

      “Sweden’s billionaire Lundin family is looking to spend as much as $3 billion on a new industrial-metal asset as prices rally, before turning its attention to scouring for a new gold project.”

      “Lundin Mining Corp. is on the prowl for a long-life zinc, nickel or copper asset and would shell out $1 billion to $3 billion, Lukas Lundin said in an interview Wednesday from the BMO Global Metals & Mining Conference in Florida. An existing operation is his preference and copper “might be the easiest asset to work with.”

      “I’m looking around right now,” he said. “It would be great to do something by the end of the year. ”

      https://www.bloomberg.com/news/articles/2018-02-28/billionaire-lundin-chases-base-metal-buy-with-3-billion-budget

  10. On March 1, 2018 at 6:39 am,
    Excelsior says:

    #CTMS2017 panel on the Cobalt bull market

    InvestorIntel – Jun 13, 2017 #VIDEO

    In a recent panel, from InvestorIntel’s 6th Annual Technology Metals Summit, moderated by Tracy Weslosky, CEO of InvestorIntel Corp., the following people spoke on the topic “The Cobalt Bull Market”:

    https://www.youtube.com/watch?v=WcWN52BV3HA

    • On March 1, 2018 at 6:44 am,
      Excelsior says:

      PDAC President Glenn Mullan on Lithium, Cobalt and Rare Earths

      InvestorIntel – Feb 28, 2018 #VIDEO

      “So there is no reason to think that lithium, cobalt and some of the rare earths will not enjoy that kind of prosperity right now….” states Glenn Mullan, President of PDAC in an interview with InvestorIntel’s Peter Clausi.”

      > Peter Clausi: “I love this time of year. It is the week before PDAC, the mining show also known as Mardi Gras in Sudbury, the greatest show on earth. You must be shoulders deep into it right now.”

      >> Glenn Mullan: “Yeah, no. I love this time of year too. I will take it one step further. I look at it like a family barbeque. The family barbeque brings mean Uncle Bob so there is the people that you do not want to see. By and large, out of the 25,000 or more people that will be there it has just got a buzz. It is fun. PDAC really is all about networking. It begins early, ends late. There is lots of diversions and catalysts and really it is just all about networking and business. It is fabulous. ”

      > Peter Clausi: “I just got back from New York where we were doing a round of roadshows for cobalt assets in Canada. Cobalt in Canada is extremely hot globally right now and PDAC is mentioned everywhere I go. About half of the people I met with are coming up for the show.”

      >> Glenn Mullan: “Fantastic. There is always a hot commodity. It is kind of like mocha java versus vanilla. You pick your flavor, sometimes they are very temporal, and they do not last. Sometimes it is the beginning of a cycle that is sustainable. With the clean technology and cleantech and the green aspects to a lot of our initiatives and the minerals industry it is probably looking like this is going to be one of the sustainable periods of time where we look at exploration changing focus, kind of, like the beginning of uranium back in the 1950s and ‘60s. That lasted for decades so there is no reason to think that lithium, cobalt and some of the rare earths will not enjoy that kind of prosperity right now. ”

      https://www.youtube.com/watch?v=NlrChZVvgAg

  11. On March 1, 2018 at 6:49 am,
    Excelsior says:

    (ANX) (ANXGF) Anaconda Mining Reports Financial Results for Seven Month Period Ended December 31, 2017

    March 1, 2018 /CNW

    https://ceo.ca/@newswire/anaconda-mining-reports-financial-results-for-seven

  12. On March 1, 2018 at 7:27 am,
    spanky says:

    igold advisor. He is very very conservative in terms of calls and has held for years, yet he is getting ready to throw in the towel (at least partially) on silver if it breaks below its flash crash trendline. I have no clue if silver will reverse on a dime here, but I can say without hesistation that there is literally no confirmation yet that it is in a long term bull market. It hasn’t been able to get over the 50 month moving average since the low in 2016.

    https://www.youtube.com/watch?v=QkKn1wvyOeI

    • On March 1, 2018 at 7:32 am,
      OOTB Jerry says:

      Silver and Morgan……..SEC< CFTC……all controlling silver……along with the help of the illuminate…….anyone want to know about silver should just read ….silver stealer.net.

      • On March 1, 2018 at 7:33 am,
        OOTB Jerry says:

        Just do your history lesson….

        • On March 1, 2018 at 7:38 am,
          spanky says:

          Nah, silver is historically over valued vs the commodity complex as a whole. Either commodities come up or silver goes down to return to par. The commodity complex is clearly under the thumb of the CBs–they have absolutely no interest in seeing it go higher as it would destroy any and all real growth. The fact that the complex is sitting at 50+ year lows with global CB balance sheets having exploded to Uranus is proof positive.

          • On March 1, 2018 at 8:49 am,
            OOTB Jerry says:

            For your history lesson……..
            http://silverstealers.net/

          • On March 1, 2018 at 8:51 am,
            OOTB Jerry says:

            I would agree with your statement……”under the thumb of the CBs

          • On March 1, 2018 at 10:07 am,
            b says:

            Silverstealers has a good idea, forget federal and concentrate on the state.

            Work to convince the state legislature to understand they need to prepare for the collapse of the banking system and dollar.

          • On March 1, 2018 at 10:53 am,
            OOTB Jerry says:

            People need to think in terms of INCREASING representation of the HOUSE OF REPs.
            based on the 1911 records,…..we should have at least 6000 people in the Hof R…

          • On March 1, 2018 at 10:54 am,
            OOTB Jerry says:

            The past generations have been asleep……..the GOVT is as corrupt as HELL

    • On March 1, 2018 at 10:22 am,
      Excelsior says:

      Great Silver chart showing massive bullish cup & handle pattern. Just sayin’…..

      Kimble Charting Solutions – 2/25/2018

      https://i3.wp.com/kimblechartingsolutions.com/wp-content/uploads/2018/02/silver-huge-cup-and-handle-pattern-in-play-feb-22.jpg

  13. On March 1, 2018 at 7:34 am,
    spanky says:

    $HUI in the 160s today. Gann’s call for a low at 160 is a wee bit too optimistic IMO.

    This sector always goes way way lower than anyone dreams. I think it will get to the 150’s and from there, it’s anyone’s guess. Hell, a waterfall back to the 120’s wouldn’t shock me. Par for the course with this sector.

    Once the December 2016 low is broken, calls for new multiyear highs in 2018 will be rendered an utter joke.

    • On March 1, 2018 at 10:56 am,
      OOTB Jerry says:

      yep…….that is his call………160 HUI…..do you pay for his service, just asking , if so, do you like it?

      • On March 1, 2018 at 10:56 am,
        OOTB Jerry says:

        Thanks…….

      • On March 1, 2018 at 12:26 pm,
        spanky says:

        No. Just what I read here.

        • On March 1, 2018 at 1:20 pm,
          OOTB Jerry says:

          thanks for the reply………

  14. On March 1, 2018 at 8:01 am,
    spanky says:

    $plat taking it on the chin today. It was approaching its declining 200 WMA for the first time in years finally and well that was that.

    2016-18 might be looked back on as nothing more than a bearish consolidation that built a nice base for the next leg down in the commodity complex. I know it makes ZERO fundamental sense from a monetarist or Austrian perspective, but that is the reality staring us in the face. To think that commodities could go even lower here is just, well, incredible. The complex is basically at 50+ year lows currently in absolute terms. When you look at that relative to US stocks, my god US stocks have absolutely generated monstrous REAL gains.

  15. On March 1, 2018 at 8:33 am,
    spanky says:

    Look at the weekly chart of the $HUI on a 5 year timeframe with the 144 and 233 WMAs. It’s a perfect bearish consolidation getting ready for the next leg down.

    A truly bullish chart would have seen the 144 WMA rising strongly and crossing the 233 WMA with authority instead of staying flat. As far back as the charts go, none of the bull markets in the miners have looked this piss poor.

    At best we are looking at years more basing action.

    • On March 1, 2018 at 8:35 am,
      Excelsior says:

      Probably best to sell all your mining stocks then and go over to a blog focused on Amazon and Facebook.

      • On March 1, 2018 at 8:40 am,
        spanky says:

        Yep.

        • On March 1, 2018 at 8:43 am,
          Excelsior says:

          Enjoy the new path, To infinity and beyond……

        • On March 1, 2018 at 11:36 am,
          Matthew says:

          The Dow is down about ten times the amount that GDXJ is right now (2% vs 0.2%). Spanky is quite the fool now with all of his yapping about how stocks could only go up while the miners are about to crash.

          • On March 1, 2018 at 11:43 am,
            spanky says:

            So one day a trend makes??? Look at the scoreboard over the last 2 months!

          • On March 1, 2018 at 12:37 pm,
            Matthew says:

            And you like to question others’ comprehension?! Did I say anything about a trend?
            Today’s action vs the Dow/S$P speaks for itself. I am not at all surprised to find out that you don’t get it.

          • On March 1, 2018 at 12:43 pm,
            spanky says:

            You said the same exact thing on February 5th about gdx:$indu, and all it did was mark a reversal. Look at the trend since then.

          • On March 1, 2018 at 12:52 pm,
            spanky says:

            Yes a one day pop in gdx:$indu speaks volumes–that it is a one day pop in a relentless downtrend i.e., nothing goes down in a staight line.

            It’s time for GDX to show us the money.

  16. On March 1, 2018 at 8:42 am,
    Excelsior says:

    The full report ( 170 p ) on Orefinders from P&E Mining Consultants Inc on both the updated resource and PEA on the Orefinders Resources Mirado project , adjacent to Kirkland Lake Gold. Looking good with a post tax IRR of 158% , a 7 month payback, a very limited upfront capex of only 2.4 M , generating 10 M Free Cash Flow during 3 years ( if we take into account the recoverable tax loss pools ) and accelerated permitting based on a toll milling approach. Lots of news on the horizon for this torqued up little Gold/Silver Jr.

    ________________________________________________________________________

    TECHNICAL REPORT,UPDATED MINERAL RESOURCE ESTIMATE AND PRELIMINARY ECONOMIC ASSESSMENT OF THE MIRADO GOLD PROJECT,

    BOSTON, CATHERINE AND McELROY TOWNSHIPS, LARDER LAKE MINING DIVISION, ONTARIO

    FOR (ORX) (ORFDF) OREFINDERS RESOURCES INC.

    NI 43-101 & 43-101F1 TECHNICAL REPORT

    http://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1d9gako-TechnReport-ORX-PEA.pdf

  17. On March 1, 2018 at 11:42 am,
    spanky says:

    Yen is ripping high still, and yet the miners and silver sell off with the stock market. That is why shorting some miners is a perfect hedge for a long stock portfolio. There are very very few circumstances that cause the miners to rally. It’s like lining up all the stars with Uranus.

  18. On March 1, 2018 at 11:52 am,
    spanky says:

    This is a great read, but you could have said these exact words in 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018…. None of it matters.

    https://www.zerohedge.com/news/2018-03-01/apocalyptic-paul-tudor-jones-warns-fed-about-lose-control

  19. On March 1, 2018 at 12:09 pm,
    spanky says:

    I’ll admit that the silver miners are putting in one hell of a reversal today. Is it nice to see? Hell yes. Is it time to hoot n’ holler? Not even close.

    The HUI needs to get back over the 200 and 600 dmas pronto. Silver too!

  20. On March 1, 2018 at 12:32 pm,
    spanky says:

    Silver and the miners just bouncing off of the upturning lower bollinger band on the daily chart. Nothing to hoot n’ holler over yet. Cycles says we have weeks yet to go before finding a low in the metals.

  21. On March 1, 2018 at 1:21 pm,
    OOTB Jerry says:

    Tudor Jones………..going for commodities, hard assets and cash……read a zh.