Richard Postma - The Doctor Is In – Tue 7 Aug, 2018

Diving Into The Metals Selloff

Doc joins me to breakdown the selloffs in the precious metals. After the 21 level in GDX was broken we need to look at what that means for the stocks going forward.

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  1. On August 7, 2018 at 2:19 pm,
    Paul says:

    Doc what level do you see gdx reaching when we do get that bounce before heading back down again this fall?

  2. On August 7, 2018 at 2:41 pm,
    CFS says:

    Trump Going Ahead With Taxes On $16B In Chinese Imports
    By PAUL WISEMAN – Associated Press – 16 minutes ago
    WASHINGTON (AP) — The Trump administration says it will go ahead with imposing 25 percent tariffs on $16 billion in Chinese imports.

    Customs officials will begin collecting the border tax Aug. 23, the Office of the U.S. Trade Representative says. The list is heavy on industrial products such as steam turbines and iron girders.

    The new taxes are in addition to 25 percent tariffs that took effect July 6 on $34 billion in Chinese products. China has responded with retaliatory tariffs of its own.

    The administration is readying tariffs of up to 25 percent on an additional $200 billion in Chinese products.

    CFS Comment:

    I’m sure Trump wants a zero tariff ultimate outcome. The problem is that by use of tariffs OTHER countries have been slowly draining wealth from the US. This has been a systematicand deliberate weakening of the U.S., just as the U.S. being the world’s policeman was also a systematic weakening of the strongest country the world has known in recent times. Trump was faced with the choice of allowing this continual draining of US strength or doing something.

    I am informed that twitter is now limiting Trump.
    Specifically, currently, a certain percentage of re-tweets are being suppressed.
    I do not know exact process or formula, but believe re-tweets to left-leaning persons just don’t get there. (i.e. keeping them in ignorance.)

  3. On August 7, 2018 at 2:51 pm,
    CFS says:
  4. On August 7, 2018 at 3:15 pm,
    CFS says:
  5. On August 7, 2018 at 3:15 pm,
    Silverdollar says:

    This article from Craig Hemke about the Yuan/Dollar connection seems to have some merit IMO. Could point to more near term pain:

    • On August 7, 2018 at 3:41 pm,
      CFS says:

      The comment or question Hemke did not make “Is China manipulating the price?”

    • On August 7, 2018 at 3:48 pm,
      CFS says:









      I wish I knew what was happening in London (and which hoard of silver is being plundered)

  6. On August 7, 2018 at 4:33 pm,
    CFS says:
  7. On August 7, 2018 at 5:42 pm,
    Chartster says:

    That was as succinct as you can get in the metals market. Let’s see what happens with that, cause we we could move lower than most think.

    I’m thinking we are about to hit a new normal with other commodities going up. And in MHO the commodity sector is ripe for the picking.

    Doc, what you you think about COPX and URA and others that have weighted industrial use metal value? ( I think all is real good )

    A race to the bottom only means you realize there’s a bottom , and THen, you find it😉

  8. On August 7, 2018 at 11:23 pm,
    CFS says:
  9. On August 8, 2018 at 4:30 am,
    OOTB Jerry says:
    • On August 8, 2018 at 4:32 am,
      OOTB Jerry says:

      Few totalitarian regimes take their people’s rights away all at once. It’s done gradually to reduce dissent, until that Kristallnacht moment where it’s impossible to evade the reality: there are no rights left. If the Trump administration prosecutes Julian Assange and WikiLeaks, that sinking feeling in your stomach will be the realization that the last remnant of your rights are gone, that the government and Trump are your enemies.

      • On August 8, 2018 at 4:34 am,
        OOTB Jerry says:

        Above quote, taken from the article………

        • On August 8, 2018 at 4:36 am,
          OOTB Jerry says:

          Trump’s Secretary of State and former director of the CIA, Mike Pompeo has fashioned a legal approach the administration might use, in a case against WikiLeaks and Assange, to slither around the First Amendment.

          • On August 8, 2018 at 4:37 am,
            OOTB Jerry says:

            What would you expect from an X CIA thug………..jmo

  10. On August 8, 2018 at 6:29 am,
    CFS says:

    At least Pompeo is pro-American, even if he is mis-guided, he’s not a traitor.

    • On August 8, 2018 at 7:05 am,
      OOTB Jerry says:

      Working for the CIA…….I will not give him a pass……..

      • On August 8, 2018 at 7:06 am,
        OOTB Jerry says:

        or at least not a free pass…….

  11. On August 8, 2018 at 6:37 am,
    CFS says:

    SEOUL, South Korea (AP) — Samsung Electronics plans to spend a whopping $22 billion over the next three years on artificial intelligence, auto components and other future businesses as the company maps out its strategy under the restored leadership of Vice Chairman Lee Jae-yong after he was freed from prison.

    The announcement Wednesday by South Korea’s biggest business group was welcome news, coming at a time of deepening unease over slowing growth in Asia’s fourth largest economy. It also highlights that South Korea’s decades-old reliance on big businesses for jobs and investments is unlikely to end anytime soon since the country lacks a strong pool of small and medium-sized companies found in Japan or Germany.

    Samsung said it will spend the sum, amounting to 25 trillion won, on hiring artificial intelligence researchers in about 1,000 artificial intelligence centers around the world, on ensuring it will be a global player in next generation telecoms technology called 5G and on deepening its involvement in electronic components for future cars.

  12. On August 8, 2018 at 6:53 am,
    CFS says:

    At least some intelligent people are leaving youtube.

    • On August 8, 2018 at 7:09 am,
      OOTB Jerry says:


  13. On August 8, 2018 at 7:03 am,
    pardu says:

    Doc, at what price range and when do you think silver will bottom?

  14. On August 8, 2018 at 7:33 am,
    Charles says:

    Off topic, for all you long suffering gold bulls out there that think things will never turn around, I want to share a story. Early last August, I pulled the trigger and bought 3D Systems (DDD) for $17 per share at what I thought at the time was “the bottom” after a long and protracted downtrend. After I purchased the shares, the stock continued to slide for several months and at one point I was down over 60% in a little over three months. I put too much in initially and was too scared to buy additional shares and many times thought I should sell and just take the loss at year end. I decided to hold and the stock began a long slow recovery through March and then took another sharp drop in April. I again thought about selling, but decided just to hold on. Well, the company today announced blow out earnings and the stock is up 35% on the news and I am glad I held on. This will happen to the gold and silver stocks as well, it is all a matter of time. As long as your focus is on the long term, you will reap huge rewards even if you are down considerably today. This too shall pass………

  15. On August 8, 2018 at 7:41 am,
    b says:

    No bout a doubt it Charles, its just time, how much time is the question.

    Should we get a jump in price before armaggedon I figure Im a winner.

    • On August 8, 2018 at 7:49 am,
      Charles says:

      I understand where you are coming. Crazy times lie ahead, but when it starts is anyone’s guess. I would rather be in and suffer some pain than be out and left behind, but that’s me. Everyone is different.

  16. On August 8, 2018 at 8:21 am,
    CFS says:

    Ball Aerospace Completes Preliminary Design Review Of NASA’s IXPE Mission
    PR Newswire – 19 minutes ago
    A preliminary design review of NASA’s Imaging X-Ray Polarimetry Explorer (IXPE) space-based astrophysics observatory was completed in late June at Ball Aerospace’s Boulder, Colo. facility led by NASA’s Marshall Space Flight Center, with support from Ball Aerospace, the Italian Space Agency (ASI) and other industry partners.
    IXPE is a Small Explorer, or SMEX mission, which is part of NASA’s Astrophysics Explorer Program. Dr. Martin C. Weisskopf, NASA Marshall Space Flight Center, is the principal investigator for the mission. Once launched in 2021, IXPE will measure the polarization of cosmic X-rays to improve our understanding of the fundamental physics of extreme and exotic objects in the universe.

  17. On August 8, 2018 at 8:42 am,
    CFS says:
  18. On August 8, 2018 at 8:50 am,
    CFS says:

    BEIJING (AP) — China’s exports to the United States surged last month as its merchants rushed to fill orders ahead of a jump in U.S. tariffs on Chinese goods.

    Its shipments to the United States climbed 13 percent in July from a year earlier, to $41.5 billion, after a roughly similar rise in June, customs data show.

    At the same time, Beijing’s trade surplus with the United States — a frequent source of anger and threats from President Donald Trump — grew 11 percent to $28 billion.

    Chinese exporters appear to be trying to ship their goods to the United States before tariffs that Trump is imposing in a fight over technology policy take full effect. The trade war between the world’s two biggest economies has forced many multinational companies to reschedule purchases and rethink where they buy materials and parts to try to dodge or blunt the effects of tit-for-tat tariffs between Washington and Beijing.

  19. On August 8, 2018 at 10:05 am,
    Bill says:

    Long time no post.
    Years ago I said gold was dead and a trade only… and called Bob M a bone head. Howzit been going? Pretty ugly and like watching paint dry on the gold side… All the gold bug fools calling for the end of the world for how long??? lol I warned ya…chow.

  20. On August 8, 2018 at 10:34 am,
    CFS says:

    The truth is coming out…..

    Mueller, Comey and McCabe are as dirty as heck.

    • On August 8, 2018 at 10:47 am,
      OOTB Jerry says:

      Roberts has some good comments on these thugs….

  21. On August 8, 2018 at 10:46 am,
    OOTB Jerry says:

    HUI……..160…….Gann was looking for this number several month ago.