Weekend Show – Sat 5 Jan, 2019

Hour 1 – A Close Look Into The Key Drivers Behind The Run In Precious Metals

Full Hour 1

Here we are in 2019 and volatility in the US markets and in the USD continue. Even as the markets were bought on Friday I don’t think anyone is looking at the major indexes with a sense of calm for the mid to long term.

Precious Metals continue to outperform for a number of reasons. In this weekend’s show we spend the majority of time discussing the major drivers and asking if these will continue or dissipate throughout the next few months.

I hope everyone had a very happy New Year and is looking forward to 2019. Please email me with any companies you would like more information/thoughts on at Fleck@kereport.com.

Also the back end of the website has been updated. Please let me know if you are having any troubles with the site.

  • Segment 1: Doc kicks off the show with his general outlook for gold and silver.
  • Segment 2: Dana Lyons takes us temporarily away from the PMs to look at the bearish tone for US markets. He shares some key levels to watch and how he expects the bear market to play out.
  • Segment 3: George Gero, Managing Partner at RBC Wealth Management shares his insights on the continued move higher by palladium, gold and silver.
  • Segment 4: David Erfle, The Junior Miner Junky addresses the out performance of gold and silver compared to many other asset classes and how select stocks have been performing.

Segment 1
Segment 2
Segment 3
Segment 4
View related posts on: , , ,

Comments:
  1. On January 5, 2019 at 3:30 am,
    CFS says:

    Thanks, guys. Hi, Skeeta.

    • On January 5, 2019 at 9:49 am,
      bonzo barzini says:

      Cory, what have you done to the format? As of today I can no longer get the audios on kereport. I see bands that say segments 1 through 4 but there are no triangles to click to start the audio. My iMac is about 10 years old but I could still listen to kereport till today. Please go back to the old format. Thanks.

      • On January 5, 2019 at 10:57 am,
        Cory Fleck says:

        Hey Bonzo,

        Sorry about this issue. We were forced by WordPress to update the site and now our old player is not compatible. I’ll look for an update for the player but it was running on Flash which seems to be getting phased out. Do you know of your browser is up to date?

        Also is anyone else having this issue? I’ll do my best to make it work for everyone.

        • On January 5, 2019 at 12:26 pm,
          Catfish says:

          Add to that complaint that the interviews are no longer available for download via a simple link. (They can still be downloaded be someone that knows how to “hack” the source, so to speak, but it’s a pain.)

          • On January 5, 2019 at 7:30 pm,
            Cory Fleck says:

            Hey Catfish,

            I think if you right-click on the segment you want to download one of the options will be to save the file. It worked on my computer in the Firefox browser. Try this and let me know if it works.

          • On January 11, 2019 at 3:24 pm,
            Catfish says:

            Looks like you’re right, Cory… Looks like that’s a feature of the native HTML element — didn’t realize it. Thanks!

            (Couldn’t reply directly to your comment, for some reason…)

        • On January 5, 2019 at 1:26 pm,
          Bonzo Barzini says:

          Hi Cory, my old iMac does have an old browser. Firefox 16 is the lastest browser it will accept, and Firefox is now up into the 50’s. I hope you can fix this or I may have to buy a new iMac unless there is some way to update the browser. Thanks.

        • On January 6, 2019 at 8:26 pm,
          Mike says:

          Cory, I’ve been having issues with the site for a while but now on my Win10 box with Firefox and Flash your site is working great.

          Folks having issues may want to update their Firefox or Chrome to the latest version and then get the latest version of Adobe Flash.

          Be well and thanks for all you do –

          Mike

  2. On January 5, 2019 at 6:58 am,
    Tad says:

    Happy New Year everyone….
    Haven’t posted for a while, but I’ve been listening 🧐
    Wishing good health & wealth for ’19 to all.

  3. On January 5, 2019 at 7:07 am,
    irishtony says:

    Where the metals go from here is anybodys quess…I fear its a lottery.
    BTW…Hi TAD , & back at you.

  4. On January 5, 2019 at 7:43 am,
    Bob Grierson says:

    Hi David

    From time to time you mention ‘stink bids’ and I was wondering what guidelines you use when setting your price target and duration. Sometimes a stock will drop 40 percent in one day when a poor drill result comes in. That could put you down 20 or 30 percent out the gate.

  5. On January 5, 2019 at 7:52 am,
    OOTB Jerry says:

    From Jobs Report………since most think it is improving………
    The employment figures] were borrowed from earlier reporting, where the BLS does not have to report the revisions, at present. Likely aimed at distracting the markets from the unexpected 0.2% jump in the unemployment rate. Here is what I wrote earlier on my homepage. Please call if you have any questions:

    LATEST ECONOMIC RELEASES: (Jan 4) December 2018 Employment and Unemployment, and Payrolls (Bureau of Labor Statistics – BLS)

    Surging December payrolls were a reporting fraud, a canard, no more than massive prior-period revisions “recalculation of seasonal factors” that shifted growth from past months into the October 2018 to December 2018 timeframe, without showing the headline downside revisions to the earlier months from which the growth was borrowed.

    Unadjusted October and November payroll numbers revised negligibly higher, while the seasonally adjusted data revised sharply higher and surged further in December. The not credible headline December jobs gain of 312,000, was a nonsensical 370,000 net of prior-period revisions.

    The effective reporting fraud and standard gimmick here is that previously reported data, back more than two months (before October) from which much of current headline growth was borrowed, are not reported as revised with the current headline data. That revised reporting is seen only with the annual benchmark revision, which will not be published until next month (this reporting gimmick is reviewed regularly by ShadowStats, as last detailed in Commentary No. 979, Supplemental Detail).

    December U.3 Unemployment jumped to 3.86% (headline 3.9%), from a revised 3.70%, previously 3.67% (headline 3.7% in both cases), versus a revised headline 3.8% (3.76%), previously 3.7% (3.74%) in October, in the context of annual revisions to the seasonally adjusted Household Survey (unemployment/employment) data. The broader U.6 rate held at 7.59% in December, versus a revised 7.58% (previously 7.57%) in November and an upwardly revised 7.5% (7.45%), previously 7.4% (7.40%) in October.

    The ShadowStats Alternate Unemployment rate, which counts the long-term displaced and discouraged workers not accounted for by the government (discouraged workers disappear from the rolls after one year), held at 21.4% in December versus an upwardly revised 21.4% (previously 21.3%) in November.

    …….

  6. On January 5, 2019 at 8:16 am,
    Silverdollar says:

    Dana Lyons surprised me with his outright bearish call on NY markets. Seems I remember his bullishness most of last year when it would have been prudent to sell at any of the impulse legs pushing everything higher. I wonder how far down the markets had to go before his firm changed it’s stance to a bearish one?
    This article by Gary Tanashian makes things a lot easier………just watch the G/S ratio….Could it be as simple as that? http://news.goldseek.com/GoldSeek/1546607220.php

  7. On January 5, 2019 at 9:53 am,
    Matthew says:

    The gold miners are up well over 20% since bottoming in September:
    http://schrts.co/GYWfhq

    • On January 5, 2019 at 10:03 am,
      Matthew says:

      Based on the weekly chart, dips in the miners will be brief as buyers will be aggressive:
      http://schrts.co/S4izSt

  8. On January 5, 2019 at 10:13 am,
    Matthew says:

    Whether copper goes anywhere near its $1.50 P&F objective or not, it’s not worth thinking about at a time when the gold space looks so good.

    Stage 4 decline:
    http://schrts.co/rgofwX

    • On January 6, 2019 at 1:11 pm,
      Wolfster says:

      Yes I think copper is still 6-12 months away from starting any significant move upwards.

      • On January 6, 2019 at 1:20 pm,
        Matthew says:

        I agree completely. Six months seems like a realistic minimum for a long term low — one that lasts for years not weeks or months.

  9. On January 5, 2019 at 10:15 am,
    Excelsior says:

    Interesting macro thoughts on Gold, the General Markets, and Tech companies on the thread from:

    LibertyBlitz – Michael Krieger

    https://twitter.com/LibertyBlitz/status/1081278343784259584

    • On January 5, 2019 at 2:14 pm,
      Excelsior says:

      2019 The Year For Silver / Gold to Breakout

      David Moadel – The Daily Coin – Jan 3, 2019

      https://www.youtube.com/watch?v=aWSO5GB0X8U

      • On January 5, 2019 at 5:22 pm,
        Big Al says:

        Excelsior,

        Just how many times have you heard that?

        • On January 5, 2019 at 8:42 pm,
          Excelsior says:

          Big Al – Every day there is someone writing an article that any sector (be it the general equities, consumer staples, retail, bonds, oil, gold & silver, etc….) is going to break out or break down.

          We see nonsensical proclamations it in all sectors that they are going to surge or plummet, about as often as we hear that the politics that is covered here is important for trading.

          With Silver & Gold every year there are perma bulls like Peter Schiff, Bo Polony, Adam Hamilton, and there are perma bears like Harry Dent and Jon Nadler.

          The difference in where we are presently in the PM cycles, is that Gold did in fact put in it’s major bottom 3 years ago in December of 2015 at $1045.40. That my friend is a fact. So is the reality that Gold spent the first 8 months of 2016 proving that it wasn’t just a bear market rally, but rather a legitimate new start to the Precious Metals bull market.

          In 2016, Gold took out a number of crucial prior peaks and troughs to validate it was more than just a “suckers rally” and took out a number of key Moving Averages on the charts that hadn’t been cleared in years. Relief rallies just don’t do that.

          While 2017 and 2018 were more grinding sideways to down consolidating that initial move higher in 2016, Gold never got close to breaking down to a new low, and technically Gold is still in the larger bull pattern that started in late December 2015. However, sentiment is as bad in the PM space as it was at the end of 2015, and yet the global financial strains, central banking tomfoolery, and indebtedness of most developed nations only makes the current system more tenuous.

          In 2019 my expectation is that both Gold and Silver will eventually surpass their 2016 highs, and once Gold takes out $1377.50 (that 2016 high) then much of the money on the sidelines will come back into the sector — in particular, generalist investors and institutional funds.

          Let’s get back together at this time next year in early 2020 and just see if things didn’t breakout in 2019 for the PMs.

          Cheers!

      • On January 6, 2019 at 4:19 am,
        Excelsior says:

        (SVM) Silvercorp Reports High Grade Mineralization From Its Q1-Q3 2018 Drilling Program at the GC Mine in Guangdong Province, China

        “During the first nine months of 2018, the Company continued the extensive drilling program at the GC Mine, completing 132 underground diamond drill holes totaling 18,029 metres (m) with 3 underground rigs. Results of the underground drilling consistently extended not only the major mineralized vein structures along strike and downdip, but also the high-grade mineralization zones within major production vein structures.”

        https://ceo.ca/@nasdaq/silvercorp-reports-high-grade-mineralization-from-its

        • On January 6, 2019 at 1:03 pm,
          Excelsior says:

          (USAS) (USA) Americas Silver Provides Updates on the Pershing Gold Transaction and the San Felipe Property Option

          by @businesswire on January 2, 2019

          “Both ISS and Glass Lewis support the Transaction,” said Darren Blasutti, President and Chief Executive Officer of Americas Silver. “These independent recommendations further support our belief that the Transaction is in the best interests of our collective shareholders.”

          > San Felipe Property Update

          “The Company has agreed to terms with Minera Hochschild Mexico S.A. de C.V. to extend the timing of payments under its option agreement on the San Felipe silver‐zinc‐lead project”

          https://ceo.ca/@businesswire/americas-silver-provides-updates-on-the-pershing-gold-andthe-san-felipe-property-option

  10. On January 5, 2019 at 1:28 pm,
    Excelsior says:

    Could There be a Copper Wipeout?

    January 4, 2019 – Katusa Research

    https://katusaresearch.com/could-there-be-a-copper-wipeout/

  11. On January 5, 2019 at 2:06 pm,
    Excelsior says:

    Ira Epstein’s Metals Video (1/3/2019)

    #TechnicalAnalysis, Gold, Silver, Copper, Platinum

    https://www.youtube.com/watch?v=zQW61eN00EY

  12. On January 5, 2019 at 5:15 pm,
    Markedtofuture says:

    Government Closure & Lack of Advice to Trump

    All Trump has to do is simply declare that Terrorists could enter the country through Mexico and presto – he has the power to build the wall with all the money you can dream of under the Patriot Act. Why did not one of his advisers tell him that? Whose side are they really on? His? or the Deep State?

    https://www.armstrongeconomics.com/world-news/govt-incompetence/government-closure-lack-of-advice-to-trump/

  13. On January 5, 2019 at 7:31 pm,
    Markedtofuture says:

    “The Criminals Who Run The Deep State Will Be Exposed”: Kim Dotcom Teases “Next Round Of Leaks”

    Hacker and serial entrepreneur Kim Dotcom is out with a new prediction for 2019:

    https://www.zerohedge.com/news/2019-01-05/criminals-who-run-deep-state-will-be-exposed-kim-dotcom-teases-next-round-leaks

    • On January 6, 2019 at 6:38 am,
      snowbird says:

      Markedtofuture: As much as I put the comment that was made by S. Dollar and Shad that markets and Politics aren’t connected with some of the dumbest crap ever espoused here, I will concur that they should be kept separate.
      Kim Dot.Com and his Predictions,along with Mega Upload belong on the other Blog.I think. This is definitely not tradable information.Al might consider a Third blog for Predictions and non confirmed Press releases and of course the Q Posts for the tards. I’m an equal opportunity offender by the way. Here’s your trophy.

      • On January 6, 2019 at 8:08 am,
        Markedtofuture says:

        Thanks for the trophy snowbird. I forgot the threads that get the most comments are the political threads. Here is an easy number game called count the comments. Google and facebook do a great job of censoring folks. Are you sure that handle should not read Snowflake? May be next week..see ya.

        http://www.kereport.com/category/audio/

      • On January 6, 2019 at 10:05 am,
        Big Al says:

        Big Al along with Cory prefer to keep our current organization. Most of you also seem to like it as as we have some great conversations over the weekend as evidenced by the fact that I have been on our blog since 9 a.m. today and most of yesterday while Kathy was in dialysis. I personally find it to be both highly educational and enjoyable.

        Love you all.

      • On January 6, 2019 at 10:49 am,
        Excelsior says:

        JohnK – aka Snowbird – aka Moon Landing fanatic…

        I never said that the markets and politics aren’t connected, so stop putting words in my mouth in flippant comments. I said most of the political rants and fights here on the KER are disconnected from anything useful for trading. There is a difference.

        Repeatedly I’ve noted that there are things like what the central banks are doing, or the trade wars, or government GDP & trade & debt figures tied in with how the currencies may be affected that due tie in to macro economics.

        Those larger topic are rather limited compared to the barrage of garbage we see here day in and day out that deals with none of those area or are remotely tied to economics.

        To clear up you poor reading skills, what I did say in previous posts was that 90% of the garbage that people post here in the political blogs like the Mueller investigation, Russian probes, hating on Hillary Clinton, Trump, Obama, Merkel, Macron, Netanyahu, or other world leaders, the missing email scandals, pulling out of Syria, the hatred of muslims in favor of christians, endless immigration debates, annoying Israel versus Palestine debates, is Iran friend or foe debates, 911 conspiracy theories, or your endless moon landing drivel doesn’t help anybody with short-term or longer-term trading.

        Those topics are a dime-a-dozen all over the internet, and those rants & sources are like tabloid nonsense and polarizing news garbage hating on anything that doesn’t fit in your christian conservative echo-chamber of thoughts. Those threads cause more arguments and fights than anything constructive, even the ones where Big Al tries to re-frame his points because of all the in-fighting on the blog. (here’s a clue… with politics, morals, religion, and other such polarizing topics there won’t ever be agreement, and those discussions rarely have ANYTHING to do with ECONOMICS or TRADING or INVESTING).

        ** Please point to me which KER show sponsors on the right hand side of this blog are political, because all I see are resource company stocks that are funding this blog. Forgive me for wanting to actually stay on topic and assist other investors without 911 theories every few posts.

        JohnK/Snowbird — News flash, nobody gives a crap that you’re letting your government and the news services know that you are on to them by writing them letters (like your ridiculous posts the other day) and you aren’t changing the world with you incessant posts.

        Sure, others may like to respond to those hot yet totally unrelated topics in the political blogs, because people love to offer up their opinions on things that are outside of their control but that they think they have some unique insights on. More than anything though, people like to point the finger and blame others when they feel helpless about change that is outside of their preferences.

        There are tons of political and religious debates raging everyday on the thousands of other sites on the internet if you want to rage on about those topics, and most of it a black hole sucking out productive & quality time and accomplishes diddly squat. Your endless 911 and fake moon landing rants are not helping anyone, and mostly they are just irritating everyone around you. I feel sorry for those friends and family close to you that likely never get a break from it here on your flat Earth.

        People like to try coping with their conditioned belief systems being threatened through spraying their political/religious/social conditioned counter responses around like sprouting weeds in the garden. Of course they do this under the veil that they are a really thinking outside of the box and beyond the lame stream media as thoughtful contrarians or that believe they’re playing 4D chess better than the puppet masters and have their number figured out.

        >> Here’s a clue, they aren’t contrarian thinkers or playing 4D chess better than their puppet masters, and they aren’t freedom fighters exposing the lies from the government. In reality they are just stuck in a different dissenting echo-chamber with other like-minded dissenters regurgitating their fringe tabloid-like sources as an alternative news and believing they’re on the cutting edge of truth and somehow saving humanity from themselves.

        Good luck with that and driving everyone else around you crazy with your amazing political stances, religious opinions, and fringe theories.

        • On January 6, 2019 at 11:29 am,
          Matthew says:

          Is snowbird JohnK? I’ve paid so little attention to the guy that I haven’t noticed. If so, I can see why he changed his handle after all his Bitcoin bs over a year ago. 🤦‍♂️😂

          • On January 6, 2019 at 12:12 pm,
            Excelsior says:

            Yes – JohnK is Snowbird.

            He’s the only one that calls me Shad when I’ve repeatedly asked him to stop it, and the only one that goes on and on about moon landings, continues to beat the dead horse of 911 theories; or thinks that writing letters to government and media sources that he’s “on to them” actually does anything of value.

            Yes, he was so sure we were wrong warning that Bitcoin and the cryptocurrencies were in a bubble-top at their peak during the holiday season of 2017, and that this time it was different. 😉

            We got labeled dinosaurs and he kept posting dinosaur pictures of anyone that doubted the frenzied crypto-narrative, because we just didn’t understand the techtonic shift happening.

            Look, I understand the concepts around blockchain plenty well enough to know it has value and that it will be utilized in the future, but cautioned that a bubble was a bubble and it was pretty obvious a huge correction was looming for that sector.

            If memory serves JohnK did finally sell into the peak at around $15K Bitcoin for nice gains which was a good move on his part, before the major pullback from $19K down to $3700. Most other cryptos pulled back 80-90% and some went the way of the dodo.

            There will likely be a bounce in the cryptos in 2019, and there may be a handful of coins left with utility that do get utilized by the marketplace down the road, (maybe even Bitcoin). However, anyone that didn’t see the irrational exuberance in late 2017 and the pin about meet the balloon was delusional. People that thought Bitcoin was Gold 2.0 were just flat out wrong.

            ________________________________________

            Christmas 2014 – 2017

            (I wonder what will Mom & Dad said at the end of 2018 moving into next year?)

            https://s3-us-west-2.amazonaws.com/cdn.ceo.ca/1d2m9j7-L8GbE2j_d.jpg

          • On January 6, 2019 at 12:30 pm,
            Matthew says:

            Thanks Ex. Yes, he was quite sure that the Bitcoin mania was different than the Tulip mania of the 1630s. I guess it took almost 400 years to build up even larger supply of fools.

          • On January 6, 2019 at 12:36 pm,
            Excelsior says:

            Remy: $Bitcoin Billionaire (music #VIDEO)

            Remy rides Crypto to the moon.

            https://www.youtube.com/watch?v=UG7zLhEWanc

          • On January 6, 2019 at 1:00 pm,
            Matthew says:

            Perfect! 👌

        • On January 6, 2019 at 4:35 pm,
          Big Al says:

          Excelsior,

          Pardon my defensiveness, but I think that insights can also be gained from the rants. One example is, I have gotten sights, both positive and negative believe it or not from some of the rants, pertaining to progressives. Same is true for the Saudis and, yes, even the conservatives.

          • On January 6, 2019 at 6:51 pm,
            Excelsior says:

            Big Al – Yes, we can all get insights from any posts on any topics…. including if we decided to use the KER to post about classic cars, guns & ammo, cooking recipes, adventures on sailboats, civil war trivia, how to identify leaves of flowering plants, classification of dinosaur bones & fossils, and who People magazines person of the year is.

            We can all learn tons of things, but some questions to consider would be:

            – How do these topics bring traffic to the show sponsors from the audience here?

            (it would appear that looking down the right hand side of the KER page that most of the company sponsors are in the resource sector. There aren’t any political show sponsors listed).

            If I was a Canadian JR mining company trying to get exposure to my company by advertising here on the KER and discussing our company initiatives, then does it really matter about Hillary’s lost 3,000 emails, whether the US pulled out of Syria, or whether Zionist overlords are pulling the strings in the Deep State? [no it really doesn’t]

            – Do the political threads REALLY have anything to do with Economics or are they just the sizzle of the day?

            Does Afghanistan news, endlessly debating immigrants and their effects on culture,the first lady’s trip to Iraq, Harlan Ullman’s opinion on Trump, or the media coverage of school shootings really have ANYTHING to do with investing, trading, or Economics? [that’s a huge stretch]

            – What is the overall FOCUS of the show, the audience and demographics you are trying to reach?

            Do you want a free-for-all of political, religious, and social opinions from the audience here, with YouTube videos on conspiracy theories and how wrong the Fake News is from here to kingdom come, or are you trying to actually hone things in on the ECONOMICS in the Korelin Economics Report.

            Again, as mentioned repeatedly, there are topics in politics that do relate to longer term investing and economics like GDP growth or shrinkage, Central Bank decisions, what is going on with Brexit or the EU, Currency fluctuations, Jobs reports, CPI reports, Trade Wars, Government shutdowns, or how Robotics & AI is changing manufacturing.

            >> Those kinds of topics actually relate to economics and are somewhat relevant.

            However, it stretches credulity to assume that posts about Russian probes & Mueller investigations, the Khashoggi murder scandal, arguments about Iran as a foe or friends, Israel versus Palestine debates, Zionist puppet masters, school shootings, Syrian pull outs, attacking world leaders, endless posts ripping on the idiocy of politicians in the senate or house, or 90% of the political rants that are on here being even remotely connected to Economics, investing or trading, or anything in the wheelhouse of the marketing show sponsors are trying to attract.

            That was my only point.

            It’s your show Big Al, so if you want to cover Ancient Hungarian Basket Weaving it’s up to you, but over the last few years, as your interest in investing has tapered off, you’ve gotten less and less into the political news that is tethered to actual Economic drivers, and more and more into the inflamed political gossip and polarizing topics that Yahoo news or CBS or Fox covers.

            If that’s the goal then mission accomplished, but as mentioned before, many people start to visit here by linking over from Kitco, or Jr Mining investing sites, or because of the awesome interviews Cory conducts day in and day out, and then are confused to find half the comments are from wacked out alt-right conspiracy theorists, so they don’t participate and often don’t want to sift through all the garbage cesspool of political comments to find the comments that relate to investing. Just some other insights to consider.

            Wishing you as always all the best sir!

  14. On January 6, 2019 at 6:56 am,
    snowbird says:
      • On January 7, 2019 at 5:59 am,
        OOTB Jerry says:

        guilty of wasting space, in the investing section………lol

        • On January 7, 2019 at 6:00 am,
          OOTB Jerry says:

          You wasted my time looking at dumb pictures……….lol

          • On January 7, 2019 at 6:03 am,
            OOTB Jerry says:

            Just joking of course…….. 🙂

          • On January 7, 2019 at 7:18 am,
            Excelsior says:

            Business maxim included that added value to initial post

            “There’s always a bigger Fish” in business and in life. 😉

          • On January 7, 2019 at 9:40 am,
            OOTB Jerry says:

            :)…….ok, I will approve…………lol

          • On January 7, 2019 at 1:20 pm,
            Excelsior says:

            Thanks OOTB. Much appreciated sir!

    • On January 7, 2019 at 5:57 am,
      OOTB Jerry says:

      Welcome to the sport of fishing for profit………thanks for the post……Snowbird…
      I enjoyed it……

  15. On January 6, 2019 at 7:06 am,
    snowbird says:

    Jason posted a telling comment last week about the U.S market being in a bear since Jan 2017. After selling some Bitcoin at 17,800, I went flat the market as well in Jan 2017. I still have some misc stuff,but for the most part I am Precious Metals and Real Estate and of course cash.
    I would have went short back in 2017,except I know what it feels like to have your face ripped off by the FED.

    • On January 6, 2019 at 11:33 am,
      Matthew says:

      Re: “After selling some Bitcoin at 17,800, I went flat the market as well in Jan 2017.”

      No you didn’t. Bitcoin was 1,000 bucks in Jan 2017. Did you mean Jan 2018?

  16. On January 6, 2019 at 7:25 am,
    snowbird says:

    One more and I’ll quit.
    I have nothing but time for Doc. Every day the comment that so goes JNK so goes the market could never be more profound.
    I’m going to take you back to Dec 20th.

    On December 20, 2018 at 11:35 am,
    snowbird says:
    President Trump’s tax cuts provided cover for Fed Chair Powell to raise rates. This was all done with the blessing of the Congress.
    The road to hell is always paved with good intentions.

    On December 20, 2018 at 11:59 am,
    Matthew says:
    I don’t see the logic of that. This hiking cycle was going to happen regardless of any tax cuts because it had to.
    Now fast forward to Doc’s commentary on the FED on Friday. I’d venture to say that Doc gets it.
    If your still having trouble with my “LOGIC” might I suggest “Managing The Dollar: From the Plaza to the Louvre by Yoichi Funabashi. You might even learn how to catch Tuna.

    • On January 6, 2019 at 10:28 am,
      Matthew says:

      I’m not having any trouble with your logic as it is still just as clearly flawed.
      Doc, btw, on Dec. 17, thought gold was going back to 1200-1210 but it went up another $50 instead.
      http://schrts.co/8aW3gW

      • On January 6, 2019 at 1:16 pm,
        RICHARD/DOC says:

        Matthew, not to nitpick but I don’t believe I gave a time frame for that. I still believe we will have another go at moving down and believe we’ll move back toward that 1200-1210. We may miss it barely, but do expect it to happen. Doc.

        • On January 6, 2019 at 1:31 pm,
          Matthew says:

          That’s a good nitpick, Doc. I failed to consider that you haven’t changed your target. I will have been very wrong if it gets close.
          Still, the call did come $50 early (yes, I’ve been there/done that myself).

    • On January 6, 2019 at 10:32 am,
      Matthew says:

      On December 17, 2018 at 12:14 pm,
      Matthew says:
      I agree, and at this point in the game, I believe all roads lead to gold and that there’s not much the Fed can say that will derail it for long.

      • On January 6, 2019 at 10:34 am,
        Matthew says:

        Nailed it. Gold dropped after the Fed and immediately recovered and never looked back.

    • On January 6, 2019 at 12:16 pm,
      Matthew says:

      Re: “so goes JNK so goes the market could never be more profound.”

      Hate to break it to you sb but that’s elementary stuff. It should be common sense that soaring stocks and junk debt are driven by the same things — easy money and confidence. Neither runs into trouble while the other continues higher.
      http://schrts.co/YJ7VAF

      • On January 6, 2019 at 12:17 pm,
        Matthew says:

        On November 14, 2018 at 7:26 pm,
        Matthew says:
        HYG and JNK are heading for big declines…

        http://schrts.co/yCSrqo

  17. On January 6, 2019 at 9:02 am,
    Max says:

    About Platinum, Doc had some really low targets for platinum, i wonder if he still has the same view ?

    It looks like platinum has bottomed.

  18. On January 6, 2019 at 10:52 am,
    Excelsior says:

    Ecuador’s rising opposition to mining may thwart exploration boom

    Cecilia Jamasmie – about 4 hours ago

    “Ecuador, one of the hottest destinations for copper prospectors, aims to more than double the value of mining to its economy by 2021, but projects risks delays and potential halts due to growing local opposition to the extraction of the country’s resources.”

    “In two landmark cases last year, Ecuadorian courts sided with rural and indigenous communities who argued the national government had failed to inform them it was setting aside parts of their territories for mineral exploitation. That, Fitch Solutions notes, is a right protected by the 2008 Constitution.”

    “A judge in the Sucumbios province, near Colombia, banned mining activity in 52 concessions, and banned another in the southern province Azuay; a gold- silver project called Rio Blanco, owned by China’s Junefield Resources.”

    http://www.mining.com/ecuadors-rising-opposition-mining-may-thwart-exploration-boom/

    • On January 6, 2019 at 7:04 pm,
      GH says:

      You never know in the Magic Kingdom (Latin America)!

      • On January 6, 2019 at 7:46 pm,
        Excelsior says:

        Agreed GH. I have a few investments operating in Central America and South America (mostly Colombia, Peru, Brazil & Nicaragua), and have invested in 3 different companies operating in Ecuador, but see it very much like investing in West Africa as far as the risk factors.

        Sometimes there are large bargains to be had due to the reluctance of investors to follow closely many of the Latin American companies, but they’ll typically trade at a discount to Canadian, US, or Aussie companies.

        Looking forward to a little magic from the Magic Kingdom in 2019. Cheers!

        • On January 6, 2019 at 7:51 pm,
          Excelsior says:

          There are also 2 companies I’m positioned in that are operating in Argentina, but I’m nervous about those due to their currency belly flop. Holding for now…

  19. On January 6, 2019 at 11:05 am,
    Matthew says:

    GDXJ got a weekly close above the 200 week MA for the first time in five months:
    http://schrts.co/NNXnxN

    • On January 6, 2019 at 7:49 pm,
      Excelsior says:

      That helps as many traders use the 200 day and 200 week Moving Averages, as do many algos.

      Ever Upward!

  20. On January 6, 2019 at 11:13 am,
    Matthew says:

    The BPGDM has room for a lot of upside:
    http://schrts.co/FFfUfL

    • On January 6, 2019 at 7:49 pm,
      Excelsior says:

      Thanks Matthew. I’d been looking at BPGDM recently myself as it often does a good job of indicating sentiment and participation in the sector as a breadth indicator.

      Looking forward to the upside room available.

  21. On January 6, 2019 at 11:37 am,
    Matthew says:
  22. On January 6, 2019 at 11:43 am,
    Matthew says:

    I don’t own it but TRCH finally looks very good:
    http://schrts.co/bQb4Sk

    • On January 6, 2019 at 11:44 am,
      Matthew says:
    • On January 6, 2019 at 5:08 pm,
      Charles says:

      Thanks for the post Matthew. I agree as it finally broke out of a long drawn out bullish wedge that also formed a double bottom. I hope it drops back for a retest early this week so I can buy some. What would you calculate as an initial target based on your charts?

      • On January 6, 2019 at 5:46 pm,
        Matthew says:

        Based on the strength of the recent action, I wonder if it can pull back much beyond the seven cents necessary to fill Friday’s 2.5% gap.
        The initial target has to be in that 30 week to 200 day moving average area (currently .98-1.05). I’d be surprised if it stalls at that weekly fork resistance again (about .90).
        After that, it looks like it can run significantly higher and will probably rate a “buy the dip” for at least the next six months.

        • On January 7, 2019 at 8:12 am,
          Charles says:

          Thanks Matthew. I will just sit on my hands and see if there is an opportunity knowing that it likely won’t last.

  23. On January 6, 2019 at 11:54 am,
    Matthew says:

    It’s been three years since the Canadian dollar has looked so promising:
    http://schrts.co/r2AoCr

    • On January 6, 2019 at 2:52 pm,
      Big Al says:

      It would be great as I am currently down about 30% of some very meaningful dollars to me in an investment.

  24. On January 6, 2019 at 12:44 pm,
    Anders from Copenhagen says:

    Hi Cory.
    Great show to kick the year off!
    Looking forward to all your 2019-interviews 😎
    Hopefully you will soon interview Trader Vic.
    It would be very interesting to hear he’s take on the situation.
    Best. A

  25. On January 6, 2019 at 10:21 pm,
    Skeeta says:

    Thanks for the weekend show guys as always.
    Much appreciated.
    Cheers.