Richard Postma - The Doctor Is In – Fri 22 Jun, 2018

No Bounce Back In The Metals This Week… Should We Be Concerned

Doc wraps up the commentary today with a focus on PMs. After the selloff last Friday many bulls were looking for a bounce this week. It didn’t happen as the metals simply moved sideways. What does this mean for the overall PM sector moving forward? Listen in to find out.

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Featuring:
Richard PostmaCory Fleck
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Comments:
  1. On June 22, 2018 at 12:56 pm,
    Clare says:

    Hi Doc,
    Just wonder what your current view is on corvus, come off quite a bit. Thanks

    • On June 22, 2018 at 2:24 pm,
      RICHARD/DOC says:

      Hi Clare. It appears technically that Corvus will be under pressure for some time. I would say the odds are good that you’ll be able to purchase it again under 2. There should be no hurry to purchase at the current time since I would wait until it’s finished with its’ drop and starts to trade in a lateral range. I’ve been watching Corvus for some time waiting for it to fall back again—I will purchase in the future—not investment advice.

  2. On June 22, 2018 at 2:24 pm,
    spanky says:

    Despite the 50cent drop into Tuesday, the silver CoTs are a horror show.

    That lower trendline in SLV’s triangle–you know the one everyone has been watching for the last year?–kiss it good bye soon.

  3. On June 22, 2018 at 2:59 pm,
    bonzo barzini says:

    Doc, did you buy any IMBBY yet? It’s been going up, and that BTI i bought@48.5 on Mon has jumped to 51.53 on Fri. This sure beats working! Somebody is smoking a lot of Camels…
    As for silver, I recall in 1980 when 1 oz silver cost $10 more than a barrel of oil. Now it takes 4 oz of silver to buy a barrel. Silver will soar again one day and be higher than oil.

    • On June 22, 2018 at 5:34 pm,
      RICHARD/DOC says:

      BB, don’t let your pocket get picked. Let’s see where IMBBY and BTI are in 3 months. I believe IMBBY could bottom around 30-35. BTI could struggle longer. But you’re right about silver—-it’s only a matter of time.

  4. On June 22, 2018 at 4:14 pm,
    CFS says:
  5. On June 22, 2018 at 7:39 pm,
    johnnygeneric says:

    I hear a beeping noise in the background. I think Doc’s car is being towed away.

    • On June 22, 2018 at 10:15 pm,
      Excelsior says:

      haha. I heard that too. Beep…. beep….beep….

      • On June 22, 2018 at 10:26 pm,
        Excelsior says:

        Cory mentioned Doc’s area was under construction and there were a few saws running in the background.

        I’m guessing it’s the infrastructure almost in place to hold his new safe full of PMs. 🙂