Richard Postma - The Doctor Is In – Mon 1 Oct, 2018

Some Trade Clarity and A Look At The Major Miner Charts

Doc joins me today to provide his thoughts on the recent Canada and US trade agreement. We also discuss the market reactions and take a step back to point out that there is still a lot of uneasiness around the world and around the trade picture. Finally we look at some of the major mining company charts. They have continued selling off across the board.

Click download link to listen on this device: Download Show


Featuring:
Richard PostmaCory Fleck

Comments:
  1. On October 1, 2018 at 10:28 am,
    Matthew says:

    The leaping loonie is good for the miners:
    http://schrts.co/YmTPgq

    • On October 1, 2018 at 1:52 pm,
      Robert Moriarty says:

      Matt:

      Oil is at 96. Nikki is at 97 those are turning points soon

    • On October 1, 2018 at 1:55 pm,
      Charles says:

      Looks like a little follow through buying on Impact today…at least the American version.

  2. On October 1, 2018 at 11:14 am,
    Tom says:

    long XENE

  3. On October 1, 2018 at 11:23 am,
    Paul says:

    Doc can you give your opinion on where you see price of Uranium for late 2019? Are we in for a bull market starting? Thanks

    • On October 1, 2018 at 12:40 pm,
      RICHARD/DOC says:

      Paul, I believe we’ve seen the low for uranium prices and we’re in the beginnings of a new bull market. That doesn’t mean that the price goes skyrocketing. There should be a lot of back filling over time. I also believe we may move down one more time to about $24.50/lb.

      • On October 1, 2018 at 1:29 pm,
        Snowy says:

        I can’t imagine what would make uranium go down 10% at this point.. I disagree with you on this one Doc. Cameco still needs their 2018/2019 spot purchases filled. Kazatomprom is going through an IPO this quarter. Any extra inventory on the spot market will be licked up by CAMECO or Yellow Cake.

        Once section 232 is resolved it will be open season for fuel purchasers. A majority of their contracts are uncovered and we are experiencing a supply deficit.

        I’m not sure if any near term negatives that will be the spot of uranium back down beyond black swan events. It feels like we are even getting monthly news on more Chinese reactors coming online and Japanese reactors restarting

    • On October 2, 2018 at 2:06 am,
      Excelsior says:

      With regards to the Uranium sector, it finished bottoming over a year ago and many stocks have have 2-3 great rallies over the last 2 years.

      > As we stated a number of times in 2016 and 2017 and ever since then, the $17-$18 double-bottom lows that Uranium plumbed was THE BOTTOM.

      >> We aren’t going to see those prices any time again soon.

      * Why was that so difficult for people to see then or now?

      It is like when Oil was down at $26 and we discussed it’s double-bottom, and yet some were expecting lower still down to $10 or whatever nonsense they were coming up with then. So many sat on he sidelines still cautious about Oil’s recovery, as it ratcheted higher and higher back to the mean, climbing that wall of worry.

      The same thing has been playing out in Uranium since the first low in late 2016 down to $17.80, and there have been a few really good rallies since then in the miners for those that were paying attention.

      2018 has been a very good year in the Uranium miners, especially for the US companies.

      Over the last 2 years the fundamentals have only improved with the first round of production cuts from Kazakhstan, the initial Cameco slow down, reports of less underfeeding hitting the secondary supply, then the initial Trump tweets, then the shuttering of some of Paladin’s assets, the divesting of some of Areva’s assets and splitting off divisions into different directions, the DOE finally saying enough is enough with dumping secondary supply from nuclear weapons into the spot markets, the producers like Ur-Energy and Energy Fuels starting to fulfill contracts through purchases in the spot market because it was cheaper than producing it, the next round of Kazakhstan productions cuts, the closing down of McArthur River mine by Cameco, the Section 232 petition for US domestic supply, and new reactors coming online in the Middle East and Asia.

      Another bell ringing for investors that the Uranium sectors was completely washed out and had a clean slate, was the URA rebalancing. It was was nuts when the Uranium Mining ETF rotated out of big chunks of their positions in Uranium miners, to reallocate to new additions of manufacturers, gold, and even lithium stocks and renamed the fund. It made no sense, and is exactly the kind of abandoning ship by clueless investors that we see as markets turn.

      • On October 2, 2018 at 2:14 am,
        Excelsior says:

        Chart of (UUUU) Energy Fuels, the largest US Producer tells the tale.

        You’ll see Energy Fuels along with the Uranium price bottomed in late 2016, bounced, and then bottomed again in late 2017 (completing the large double-bottom pattern), and then has rocketed higher.

        We are well past the bottom by this point and those on the sidelines missed out on the easiest gains….. once again.

        http://schrts.co/yMMuyv

        • On October 2, 2018 at 2:17 am,
          Excelsior says:

          Chart of (URG) Ur-Energy, another US Uranium Producer & Developer.

          Ur-Energy, also bottomed along with Uranium’s low in late 2016, then had a great rally in early 2017, then corrected when Uranium put in it’s double bottom in late 2017, and then has rallied hard since then.

          http://schrts.co/CjrnZx

          • On October 2, 2018 at 2:22 am,
            Excelsior says:

            Chart of (DNN) Denison Mines, a former producer, but now Developer in Canada, and they also have a 20% stake in GoviEx, and administer the Uranium Participation Corp.

            Denison bottomed in late 2016 (noticing a trend here), and then had a huge rally into early 2017, then pulled back when Uranium prices double-bottomed in (2017) and had another good rally, followed by a correction, and now it is rally hard once again.

            http://schrts.co/2NwDTQ

          • On October 2, 2018 at 2:26 am,
            Excelsior says:

            Chart of (UEC) Uranium Energy Corp, a US developer & explorer.

            Uranium Energy Corp bottomed earlier than other companies in mid 2016 (which makes sense because they’ve been one of the most liquid stocks, held by high net worth individuals), and so smart money was positioning ahead of the Uranium bottoming process.

            You’ll see UEC has had about 3 good rallies so far and has been trekking higher more than doubling since it bottomed in 2016.

            http://schrts.co/fuCCCk

          • On October 2, 2018 at 2:34 am,
            Excelsior says:

            Chart of (NXE) NexGen Energy a Canadian Explorer moving into Development.

            It’s path was unique in that their team made a great new discovery in early 2016 and really took off, but still corrected back some when Uranium prices bottomed in late 2016, and rallied hard in that early 2017 move higher, and pulled back as Uranium prices went back down to double bottom in late 2017, but have channeled sideways to down since then instead of rallying in 2018 like most other companies. Still they have a stellar deposit and will get bought out at one point down the road by one of the big boys.

            http://schrts.co/oJTw9A

          • On October 2, 2018 at 2:42 am,
            Excelsior says:

            Chart of (SYH) Skyharbour Resources a Canadian Uranium Explorer and Prospect Generator.

            Skyharbour Resources started putting together some new exploration projects in early to mid 2016 and took off, but pulled back a little in late 2016 with the U price, and then rallied into the early 2017 surge, and then pulled back some with U prices into late 2017, but then rallied again after that, pulled back some earlier this year and they’ve started to rally again since the summer.

            Clearly the bottom was back in 2016 though and it is has edged higher since then.

            http://schrts.co/LCUvzL

          • On October 2, 2018 at 2:45 am,
            Excelsior says:

            speaking of Uranium stocks rallying hard out of the Summer…..

            Chart of (WSTRF) Western Uranium a US Developer.

            The last few months have been a barn-burner rally.

            http://schrts.co/EbZK6t

        • On October 2, 2018 at 2:51 am,
          Excelsior says:

          Chart of (CCJ) Cameco – Canadian Producer. Largest company in Uranium sector.

          Cameco has had a rough last few years, but even they bottomed in late 2016 with the bottom in Uranium prices, and had a huge rally coming out of that bottom and moving into the early 2017 surge, then corrected back down as Uranium prices double-bottomed in late 2017, and then popped again in 2018 before shutting down production at one of the largest Uranium mines.

          http://schrts.co/GV4LJ3

          • On October 2, 2018 at 2:59 am,
            Excelsior says:

            At this point how can still wonder if Uranium is going to bottom soon or claim things are just now bottoming?

            That is mind-boggling, when the Uranium mines clearly bottomed in 2016, along with the initial Uranium price move down to $17-$18. Most miners rallied hard coming out of late 2016 and into 2017 for a larger sector wide surge. Then Uranium spot pricing went back and tested the low again in 2017 for a double-bottom, and most miners pulled back during this time period, but didn’t give up all their gains.

            The miner have rallied ever since….

            So unequivocally the BOTTOM in Uranium & more importantly for investors, the Uranium Miners was in 2016.

            That was 2 years ago, so can we all quit dithering and debating if Uranium stocks are going to bottom or may be in a bottoming process? It is long gone and in the rear-view mirror and for those dilly-dallying on the sidelines they’ve already missed 2-3 rallies in each of these stocks and should have been loading up when Uranium prices were down in the $17-$18 range or at least anywhere under $20.

          • On October 2, 2018 at 3:05 am,
            Excelsior says:

            That first question should have said:

            “At this point how can ANYONE still wonder if Uranium is going to bottom soon or claim things are just now bottoming?

  4. On October 1, 2018 at 11:40 am,
    Bonzo Barzini says:

    Doc, I bought more NGD@.795 this morning. Are you coming to Dallas for the Texas-Oklahoma game next Sat.?

    • On October 1, 2018 at 12:42 pm,
      RICHARD/DOC says:

      BB, keep buying NGD. It’ll help my position out. I won’t be going to the Texas-Oklahoma game. It appears Texas may finally have a decent team.

      • On October 1, 2018 at 1:07 pm,
        Bonzo Barzini says:

        Doc, I have faith that NGD’s new CEO, who was at Richmont, can turn things around. If he can , this stock is a screaming bargain. Michigan and Ohio State had narrow escapes last Sat. Bama, Georgia, and LSU are looking pretty tough. We’ll soon find out how good the Horns and Sooners are. I am hoping the Hoosiers will shock the world and win the Rose bowl this year. Go Rockies! Go Astros!

        • On October 2, 2018 at 4:24 am,
          OOTB Jerry says:

          That would be a shock……….go Hoosiers………. 🙂

  5. On October 1, 2018 at 12:32 pm,
    Matthew says:

    The action I anticipated for copper in July turned out to be dead-on (red arrow):
    http://schrts.co/KsRTwD

  6. On October 1, 2018 at 12:38 pm,
    Bonzo Barzini says:

    Rising copper is good for NGD and MUX. But I might have to pay more for CCI Stinger copper coated ammo…

    • On October 1, 2018 at 12:43 pm,
      Matthew says:

      True. Notice that a brick of .22s has gone up by about the same amount as a brick of gold over the last 15 years? Nothing is rising in real terms, the value of the dollar just keeps falling.

      • On October 1, 2018 at 1:01 pm,
        Bonzo Barzini says:

        Matthew, have you tried the CCI mini Mag 40 grain .22LR?

  7. On October 1, 2018 at 1:13 pm,
    Matthew says:

    Yes, I’ve shot thousands of rounds over the last 30+ years and have always had good luck with it. It always seemed a cut above most of the others in that segment. It’s reliable and consistent.

  8. On October 1, 2018 at 1:21 pm,
    Bonzo Barzini says:

    Thanks, Matthew. Do you prefer the Stinger or mini Mag for self defense?
    Do you prefer the AR-15 or the AK-47?

  9. On October 1, 2018 at 1:50 pm,
    Bonzo Barzini says:

    Thanks for the gun and ammo tips, Matthew. I wonder what guns Doc and Bob Moriarity carry for self defense away from home. The more videos of Paul Harrell and Hickock 45 I watch on youtube the more I learn. I had thought I might get a .38 snubbie or a Ruger LCP .380, but now I am leaning toward the Ruger LCR .22LR snubbie for concealed carry as my old 1917 Savage .380 is too valuable to carry. My S&W model 10 .38 and my H&R .32 revolver both have 4″ barrels and are not easy to conceal unless I’m wearing an overcoat, and down here on the Gulf coast I seldom wear coats.

    • On October 1, 2018 at 2:07 pm,
      Matthew says:

      Here’s another good gun channel. The guy has a large collection of interesting and rare guns in addition to very common ones but focuses on design and history, not range time…
      https://www.youtube.com/user/UnitedStatesOfGuns

      • On October 1, 2018 at 5:58 pm,
        Bonzo Barzini says:

        Thanks. Have you watched any NoStressMike.com on youtube?

        • On October 1, 2018 at 9:02 pm,
          Matthew says:

          No I haven’t but I will now.

  10. On October 1, 2018 at 4:49 pm,
    Glenfidish says:

    Good evening folks,

    Looks to me like a possible turn in miners soon. If not here one last dip and then off to the races. Good time to accumulate.

    We should see a good move into year end/ first quarter..

    Matt check your email. Keep posting folks I’m lurking in the background.

    • On October 1, 2018 at 4:58 pm,
      wolfster says:

      I wouldn’t be surprised if there wasn’t one last dip…..there’s a lot of tax loss selling potential in the miners

      • On October 2, 2018 at 3:24 am,
        Excelsior says:

        It’s possible to get a final rinse for tax loss selling, and I was expecting more of a pop in Gold in late Aug and Sept than we have seen, but the strong dollar throughout the summer kept things muted.

        For the last few months Gold & Silver have been boring more than anything just hovering in a range around $1180-$1240. The sentiment has been terrible, but there has been plenty of excitement in some of the Explorers with good newsflow and in the Developers/Small Producers getting nabbed in Acquisitions as M&A heats up.

        We just saw Americas Silver snag Pershing over the weekend. Who will be next?

  11. On October 2, 2018 at 1:21 am,
    Excelsior says:

    Gold rebounds as risk appetite wanes
    Reuters Reuters•October 2, 2018

    https://finance.yahoo.com/news/gold-rises-risk-appetite-wanes-055954946.html

    • On October 2, 2018 at 1:23 am,
      Excelsior says:

      Gold dips on increased risk appetite; U.S. rate outlook
      Reuters -Arpan Varghese •October 1, 2018

      https://finance.yahoo.com/news/gold-slips-dollar-firms-amid-fed-rate-hike-045932591–business.html

    • On October 2, 2018 at 1:35 am,
      Excelsior says:

      Those 5 articles, which are mostly in complete conflict with another were all on Yahoo’s business page, and it seemed humorous how all over the place their proclamations and questions were.

      Looking at the first two from Reuters where on the 1st they claimed “Gold dips on increased risk appetite” was succeeded only a day later by an article that claims, “Gold rebounds as risk appetite wanes”. (lol) 😉

      • On October 2, 2018 at 3:13 am,
        Excelsior says:

        This is how most of the talking heads in the lame stream media report on Gold:

        https://s3.amazonaws.com/lowres.cartoonstock.com/business-commerce-gold-platinum-metals-prices-news-dpin247_low.jpg

        • On October 2, 2018 at 3:17 am,
          Excelsior says:

          What is interesting is how obsessed these same bobble-head reporters are with Central Banks and the huge amount of confidence these stuffed shirts place in their ability to manage the financial chaos that they have in fact created.

          New Flash – Central Banks are still buying Gold as money and as a hedge and as a store of value. Not Bitcoin or cryptocurrencies. As long as these all-important Central Banks that rule from the silver clouds on high are buying precious metals as money, then it is a far cry to state investors are fools for storing some wealth there as well.

          https://wichtech.files.wordpress.com/2012/12/1214-queen-elizabeth-gold-startraks-2.jpg

          • On October 2, 2018 at 3:19 am,
            Excelsior says:

            should have said “News Flash”, but maybe that was a new flash for some (haha!)

          • On October 2, 2018 at 4:22 am,
            OOTB Jerry says:

            Wonder who that was directed to…….. 🙂 “As long as these all-important Central Banks that rule from the silver clouds on high are buying precious metals as money, then it is a far cry to state investors are fools for storing some wealth there as well.”

          • On October 2, 2018 at 9:23 am,
            b says:

            907 kilos to the ton,assuming those are 1 kilo bars, thats not too many tons.

            Maybe thats why the look of concern.

          • On October 2, 2018 at 9:34 am,
            Matthew says:

            Lol, those bars are over 12 kilos – roughly 400 ounces each.

          • On October 2, 2018 at 10:07 am,
            b says:

            Brown sold it all, them is hollow.

  12. On October 2, 2018 at 4:43 am,
    Markedtofuture says:

    Trump indictments. Federal Reserve. Bitcoin. Quantitative easing. Market crash

    https://www.youtube.com/watch?v=E6uKhhyp4zE

  13. On October 2, 2018 at 8:16 am,
    Matthew says:
  14. On October 2, 2018 at 9:19 am,
    Matthew says:

    SLV:GLD action is good:
    http://schrts.co/BrZrPT

  15. On October 2, 2018 at 9:23 am,
    Matthew says:

    The miners look very good compared to gold:
    http://schrts.co/gBU4Fw

  16. On October 2, 2018 at 10:50 am,
    Tom says:

    long PURA