Weekend Show – Sat 24 Nov, 2018

Hour 1 – PMs, US Markets, and Oil… Where’s The Place To Be?

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A very happy Thanksgiving to all of our US listeners! It was a shortened trading week but that didn’t slow down the volatility in the markets. In this week’s show I spend the first two segments on the precious metals sector and driving down into some of the stocks. For the last two segments we had to touch on the US markets as well as oil. Could at least a short term bottom be in place for both areas?

Please keep in touch by emailing me at Fleck@kereport.com. I love hearing all the questions and comments you all have and I am always happy to answer your questions or get answers from our guests.

  • Segment 1: David Erfle, Founder of The Junior Miner Junky points to a couple development this week that are bullish for the precious metals. He also shares a couple companies he is invested in and thinks are market standouts.
  • Segment 2: Hugh Agro, President and CEO of Revial Gold – The trifecta to drive gold in 2019.
  • Segment 3: Raghee Horner, Futures and Currency Trader at Simpler Trading steps out of the bearish tone for the US markets and looks at some potential near term drivers.
  • Segment 4: Oil has been a major topic since the straight line move down that started in October. Josef Schachter, Founder of the Schachter Energy Report outlines why oil and select oil stocks are nearing a great time to buy.

Exclusive company updates and interviews.


Segment 1

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Segment 2

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Segment 3

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Segment 4

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Comments:
  1. On November 24, 2018 at 4:42 am,
    OOTB Jerry says:

    Great show…..

  2. On November 24, 2018 at 8:58 am,
    Matthew says:

    The miners have been in a large bottoming process since August (lots of little bottoms in there, Spanky!) and the action looks very similar to what we saw before the 2016 gains. There could be weeks more of this choppy stuff and maybe even a new low but I am not concerned about the whole sector falling apart. Sorry bears but this is still “just” a correction of the 2016 bull move.

    http://schrts.co/2r3Tiy

  3. On November 24, 2018 at 1:46 pm,
    Markedtofuture says:
    • On November 24, 2018 at 5:49 pm,
      Excelsior says:

      Bitcoin clearly broke below both the $4500 support Ryan Wilday covered, and below the $4000 support the other gentleman you posted earlier in the week covered.

      Bitcoin currently down around $3850. We may finally be seeing the capitulation part of the move lower, where Bitcoin will finish exhausting sellers, and that will be an excellent place to position for a swing trade higher.

      Quite a different setup from last year post Thanksgiving to this year. What a difference a year can make.

      • On November 24, 2018 at 5:59 pm,
        Markedtofuture says:

        Ex…Carl is good with TA on BTC… LTC is cheap.

        https://www.youtube.com/watch?v=P2suJZQ1r2E

        • On November 24, 2018 at 10:09 pm,
          Excelsior says:

          I’ll check it out and have a look at LTC. Right now it’s still a sell everything environment, so waiting for a lull in the liquidation.

        • On November 24, 2018 at 10:29 pm,
          Excelsior says:

          Yes, that Carl at The Moon is who I was referencing that had a $4000 support, that just broke, and it was interesting to get his perspective that this is a “dip” or what looks like a capitulation bottom. It will be interesting to see how things play out, or if further weakness is in store first.

          • On November 24, 2018 at 11:07 pm,
            Excelsior says:

            This whole segment voiced many of the concerns and responses on cryptos and where things may be in the larger cycle.

            Bitcoin won’t have bottomed until 3K flat level, says Genesis Trading’s Moro

            Nov 23, 2018

            https://www.youtube.com/watch?v=L5FbbVT98Zw

      • On November 24, 2018 at 9:01 pm,
        Matthew says:

        It’s gonna be far lower before sellers are exhausted. WAY too many “regular” people got into it near the high and still believe in it.

  4. On November 24, 2018 at 5:43 pm,
    Chris says:

    The place to be is TLT

    • On November 24, 2018 at 7:11 pm,
      Matthew says:

      When TLT goes up, gold goes up more. Gold/GLD gained 31% in 2016 while TLT gained 23%…
      http://schrts.co/uji1bd

  5. On November 24, 2018 at 7:57 pm,
    johnnygeneric says:

    Oil is going no where, but down. The economies of the world are not expanding greatly yet. Companies that thrive on low cost NG such as polymers will do well.

    • On November 24, 2018 at 9:14 pm,
      Matthew says:

      Oil is weekly oversold and has closed lower for seven straight weeks but still shows now sign of a major low coming soon. There is some support at about 48 but if it doesn’t turn up hard from there to reverse the new monthly MACD sell signal, it will be at 41 in a hurry.
      http://schrts.co/ExhH4H

  6. On November 24, 2018 at 9:25 pm,
    Matthew says:

    Priced in gold, oil is down a massive 35% in less than two months. This is good news for the miners.
    http://schrts.co/F6f9Ku

    • On November 24, 2018 at 9:31 pm,
      Matthew says:

      The 200 week MA as well as another support did little to slow the fall…
      http://schrts.co/MpTwr3

    • On November 24, 2018 at 9:39 pm,
      Matthew says:

      On the other hand, $WTIC:$GOLD is very oversold on the daily chart so a decent bounce is not unlikely…
      http://schrts.co/bYkMZo

  7. On November 24, 2018 at 10:43 pm,
    Matthew says:

    Gold has been capped for the last month by fork resistance that has its roots in the 2011 top…
    http://schrts.co/Sj5eoP

  8. On November 24, 2018 at 10:49 pm,
    Ozibatla says:

    Just out of curiousity, with gold going through yet another range bound/consolidation phase, would we not need to see the price break to the upside in order for the long term bullish case to be validated?

    Without analysing its performance over the last 3 years, it seems as though these range bound periods have preceded a price fall such as the one witnessed mid year. Understanding resistance areas playing their role in capping golds move, a bullish development would be to break and hold resistance to the upside levels would it not?

    The 200week MA appears to be the new resistance of choice regarding gold. Of course we all know of the $1360-$1380 resistance range on a longer term outlook that gold has failed to hold several times over the last 4 years.

    Resistant technicals appearing to show up at lower levels is rather vindicative of bearish sentiment generally. If so, gold needs to grab a hold of this 200 week MA soon.

    • On November 25, 2018 at 12:35 am,
      Matthew says:

      The bears need more validation than the bulls. It has been almost three years since gold hit 1045 and it is a long way from that level. But yes, it is always a bullish development when resistance becomes support. Resistance is resistance wherever it shows up and the significance of it is determined by multiple factors.
      There is no reason to be concerned about the bears regaining the upper hand in the big picture and the short to medium term favors the bullish case as well.

      • On November 25, 2018 at 12:40 am,
        Matthew says:

        It still might be January before the sector really gets moving.
        http://schrts.co/jbDv9g

  9. On November 25, 2018 at 2:24 am,
    Ozibatla says:

    Lets hope so. Well said!

  10. On November 25, 2018 at 8:31 am,
    Excelsior says:

    Reformed BHP Seeks Licence To Spend

    Nov 21 2018 – Peter Ker

    “BHP says it has learned from its past errors and can be trusted once more with big spending decisions on projects and acquisitions following changes to internal assessment processes.”

    “In an investor briefing designed to rebuild confidence in BHP’s licence to spend, chief financial officer Peter Beaven said the miner had been making better decisions in recent years and was more likely to do small acquisitions in early stage assets than “big ticket” purchases of existing mines.”

    https://www.afr.com/business/mining/reformed-bhp-seeks-licence-to-spend-20181120-h184sj

  11. On November 25, 2018 at 8:39 am,
    Excelsior says:

    Uranium Series Part 11 – John Borshoff – The Epic Story of Paladin and Where Uranium Will Go Next

    by @PalisadeRadio on November 25, 2018

    https://palisaderadio.com/john-borshoff-the-epic-story-of-paladin-and-where-uranium-will-go-next/

    • On November 25, 2018 at 8:15 pm,
      Excelsior says:

      Rio Tinto agrees sale of its stake in Rössing Uranium Limited

      26 November 2018

      “Rio Tinto has entered into a binding agreement with China National Uranium Corporation Limited for the sale of its entire 68.62 per cent stake in Rössing Uranium Limited, owners of the Rössing mine in Namibia, for up to $106.5 million.”

      https://www.riotinto.com/media/media-releases-237_26451.aspx

  12. On November 25, 2018 at 8:47 am,
    Excelsior says:

    Forget Nordstream 2, Turkstream is the Prize

    Nov 23, 2018 / Tom Luongo

    “While the Trump Administration still thinks it can play enough games to derail the Nordstream 2 pipeline via sanctions and threats, the impotence of its position geopolitically was on display the other day as the final pipe of the first train of the Turkstream pipeline entered the waters of the Black Sea.”

    “The pipe was sanctioned by Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan who shared a public stage and held bilateral talks afterwards.”

    “And Turkey is the key player in the region, geographically, culturally and politically. Erdogan and Putin know this. And they also know that Turkey being the transit corridor of energy for Eastern Europe opens those countries up to economic and political power they haven’t enjoyed in a long time.”

    “The first train of Turkstream will serve Turkey directly. Over the next couple of years the second train will be built which will serve as a jumping off point for bringing gas to Eastern and Southern Europe.”

    https://tomluongo.me/2018/11/23/forget-nordstream-2-turkstream-is-the-prize/

  13. On November 25, 2018 at 1:00 pm,
    Excelsior says:

    To Succeed In The Markets You Must Become A ‘Second Level Thinker’

    November 21, 2018 by IWB – Jesse Felder

    http://www.investmentwatchblog.com/to-succeed-in-the-markets-you-must-become-a-second-level-thinker/

  14. On November 25, 2018 at 1:30 pm,
    Excelsior says:

    Gwen Preston | Generalist Investors Will Soon Search for Value That They Will Find in Mining Stocks

    MiningStockEducation – Nov 18, 2018

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

    • On November 25, 2018 at 1:32 pm,
      Excelsior says:

      Rick Rule | The Mining Industry Is Not As Capital-Short As It Pretends To Be

      MiningStockEducation – Nov 23, 2018

      0:05 Introduction
      1:23 What Rick Rule learned at the 2018 Sprott Natural Resource Symposium
      4:10 How Rick Rule assesses and vets a younger, unproven mining CEO
      7:28 Does Rick Rule think the junior mining sector generally attracts a lesser-quality CEO compared with other industries?
      8:09 Discussing the appropriate compensation plan for an exploration company CEO
      9:54 Rick Rule’s thoughts on tin as a commodity
      13:01 What past time period does today’s resource sector remind Rick Rule of?
      17:11 Does Rick Rule currently see any top-quality investment opportunities selling at a 50% discount?
      18:53 Rick Rule’s parting advice and offer to rate and rank your resource portfolio

      https://www.youtube.com/watch?v=sG0oD4MUzds

  15. On November 26, 2018 at 9:42 am,
    Matthew says:

    AAPL is just getting started:
    http://schrts.co/Xht8GR

    • On November 26, 2018 at 9:44 am,
      Matthew says:
    • On November 26, 2018 at 4:27 pm,
      OOTB Jerry says:

      Volume is rather low, ….for such a drop….considering the history …….jmo
      This is the ugliest set of stats , I have seen for a long time……jmo