Weekend Show – Sat 26 Jan, 2019

Hour 1 – A Focus On Metals and Specific Metals Stocks

KER Full First Hour

***Everything should be functioning normally now. Sorry for the technical issues.

After what was turning out to be the first slow week in months Friday changed all that with markets and metals moving higher. On this week’s show we focus a lot on the overall quite market for metals stocks. We even dive into a couple specific stocks that our guests are following.

Please keep in touch be emailing me at Fleck@kereport.com. Also if anyone has any suggestions on how to get the full hour segment on our Podcast please let me know. We have been working on it for the last couple weeks.

  • Segment 1 – Byron King kicks off the show with comments on why only true exploration drilling is getting noticed. He also shares a couple companies that he is following in his newsletter.
  • Segment 2 – Chris Kimble, Founder of Kimble Charting Solutions focuses on three currency charts (posted below) that could have an impact on the PMs.
  • Segment 3 – We step away from the metals sector with Mike Larson as he breaks down what typically happens after a Fed pause.
  • Segment 4 – John Kaiser wraps up the first hour by diving into a couple stocks that he thinks have a chance to make some positive moves this year.
USD Weekly
USD/CAD Weekly
Aussie Dollar – Monthly

Byron King
Chris Kimble
Mike Larson
John Kaiser
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Comments:
  1. On January 26, 2019 at 3:14 am,
    Skeeta says:

    Thanks for the weekend show guys as always.
    Always appreciate your efforts.
    Cheers.

  2. On January 26, 2019 at 6:16 am,
    CFS says:

    ? No sound/program ?

    • On January 26, 2019 at 7:23 am,
      Excelsior says:
      • On January 26, 2019 at 8:33 am,
        Ebolan says:

        The did the show in sign language (for the hearing impaired).

        • On January 26, 2019 at 8:41 am,
          Cory says:

          Hi everyone, we have our webmaster looking into why the audio player is not working. Hopefully we can fix it soon.

          • On January 26, 2019 at 8:45 am,
            Ebolan says:

            I translated the sign language for you! 🙂

            I found the mp3. See links I posted down below.

          • On January 26, 2019 at 8:47 am,
            Excelsior says:

            Thanks Ebolan!

          • On January 26, 2019 at 9:19 am,
            Excelsior says:

            Audio is working again.

            It’s Alive!!

            https://www.youtube.com/watch?v=0VkrUG3OrPc

          • On January 26, 2019 at 9:37 am,
            Ebolan says:

            Glad it’s working although I was on standby for translating hour 2. 😉

          • On January 26, 2019 at 10:24 am,
            Excelsior says:

            We will call you the KER Whisperer…. 🙂

          • On January 26, 2019 at 10:32 am,
            Big Al says:

            Thanks for this comment also Excelsior. At least I have not been labeled “The Horse Whisperer!”

          • On January 26, 2019 at 10:30 am,
            KER Whisperer says:

            Or KER whiskers…cut my self shaving listening to this here KER audio!

          • On January 26, 2019 at 4:39 pm,
            Excelsior says:

            Funny Big Al!

            Ebolan be careful as the KER does not recommend shaving or moving heavy machinery while listening to the podcast. 😮

          • On January 26, 2019 at 4:40 pm,
            Excelsior says:

            I just realized you had the name change to the KER Whisperer.

            Hilarious!

          • On January 26, 2019 at 4:58 pm,
            OOTB Jerry says:

            IF, Ebo……does not watch out…….he will have more names…..than Frank From Moscow

          • On January 27, 2019 at 2:42 am,
            Excelsior says:

            Yes, he keeps CLAWing his way up the list of dignitaries… ha!

          • On January 27, 2019 at 10:13 am,
            Ebolan says:

            Hey Ex and Jerry,

            I can translate any KER sign language…except for this guy they hired… 🙂

            https://www.youtube.com/watch?v=5Dt-d5GvYso

          • On January 27, 2019 at 10:15 am,
            Ebolan says:
          • On January 27, 2019 at 11:22 pm,
            Excelsior says:

            That was a crazy story on that translator just making up gestures next to all the world leaders, because he sees ghosts and angels and has multiple personalities. Spooky.

          • On January 28, 2019 at 8:17 am,
            Ebolan says:

            I saw part of a clip where he was translating Obammy and he was rubbing his stomach. I thought he was getting ready to eat Barack. 🙂

  3. On January 26, 2019 at 6:23 am,
    JOEL GOLDMAN says:

    Unable to click on broadcast. Area is shaded in grey. Please check to fix

  4. On January 26, 2019 at 6:24 am,
    CFS says:

    I’m getting….
    blob:http://www.kereport.com/7516ed92-bcac-4406-8cc5-160d48a2a079
    file not found

  5. On January 26, 2019 at 7:10 am,
    Silverdollar says:

    I’m getting “Invalid Source” on all programs. Anyone have Cory’s phone #???

  6. On January 26, 2019 at 7:21 am,
    no banana says:

    neither weekend show working. You guys on shutdown with the government?

  7. On January 26, 2019 at 7:25 am,
    Excelsior says:

    Golden Cross in Gold

    by @Goldfinger on January 23, 2019

    “A textbook “golden cross” occurs when the 50-day simple moving average crosses above the 200-day moving average. Technically speaking this moving average crossover means that the market in question has moved into an uptrend after a longer term period of consolidation. For markets in strong long term secular uptrends (like the S&P 500) golden crosses are meaningful in the bigger picture and tend to result in higher prices 6-12 months out from the date of the bullish moving average crossover.”

    “The last golden cross in the S&P 500 occurred in April 2016 and we know what happened over the ensuing months & years:”

    https://ceo.ca/@goldfinger/golden-cross-in-gold

  8. On January 26, 2019 at 7:47 am,
    bowmano says:

    why can’t I download this and listen at work?

  9. On January 26, 2019 at 7:50 am,
    Wolfster says:

    Never got around to adding my comment on the yamana discussion the other day……Malartic is going into production this quarter so that will only boost the stock price even more with gold going higher as well…safe jurisdictions starting to be a big factor again for those who want to be able to sleep at night..

    • On January 26, 2019 at 10:32 am,
      RICHARD/DOC says:

      Wolfster, thanks for the info.

    • On January 26, 2019 at 11:41 am,
      Excelsior says:

      Abitibi Royalties: Update on Canadian Malartic Royalties

      by @nasdaq on December 24, 2018

      “The Canadian Malartic Mine, where Abitibi Royalties owns various Net Smelter Royalties (“NSR”) and a Net Profit Interest, is jointly operated by Agnico Eagle Mines Limited and Yamana Gold Inc. ”

      “Abitibi Royalties’ NSRs and NPI cover portions of the Odyssey zones (3% NSR), East Malartic (3% NSR), Sladen (3% NSR), Sheehan (3% NSR), Barnat Extension (3% NSR), Gouldie (2% NSR) and Charlie (2% NSR) and the Jeffrey Zone (3% NSR). In addition, the Company acquired a 1.5% NSR on the Midway Project and a 15% NPI on the Radium Property, all operated and located at the Canadian Malartic Mine.”

      “The Company believes that based on various reports, additional conditions will be required to complete the Odyssey Project approval process for a potential operation, beginning with an update of the economic studies for the project. The Company will notify shareholders of additional details, once they become available, including the development of an exploration ramp (to provide access to underground drilling and a collection of a bulk sample) to the shallower portions of Odyssey South and East Malartic, which was scheduled to begin in late 2018.”

      https://ceo.ca/@nasdaq/abitibi-royaltiesupdate-on-canadian-malartic-royalties

  10. On January 26, 2019 at 7:56 am,
    Wolfster says:

    Not sure if this latest from Adam has been posted
    http://www.321gold.com/editorials/hamilton/hamilton012519.html

  11. On January 26, 2019 at 8:05 am,
    Wolfster says:

    Hey Ex it’s not huge volume as yet but the rzz/gzz play is finally showing signs of life…….I’m torn tho cuz I haven’t accumulated as much as I would like yet as the pots are still running nicely. Yes great dilemma to be in….timing is everything and I agree with Adam about being in early for the biggest part of the move and we are certainly at or near that stage

    • On January 26, 2019 at 8:19 am,
      Excelsior says:

      Yeah I just use GZZ and few other royalty companies as profit dumpsters for deep storage from winning trades.

      Regarding royalty companies I like the future regular income that can be generated without having to take all the exploration risk or without putting up most of the money for exploration/development/mining the projects. They are just the brokers of the land and opportunity for a regularly scheduled payment with upside participation on producing projects.

      It’s a great business model and return rate for capital invested with a lower burn rate internally, and eventually a stream of payments. Slow and steady wins the race as Franco Nevada and Royal Gold have shown over the years.

      • On January 26, 2019 at 8:23 am,
        Excelsior says:

        GZZ is trading at a huge discount to RZZ, even though it owns half of RZZ and is the parent company that spun it out, and GZZ has all the other other value drivers like the JVs with Bonterra, Sirios, Alexandria Minerals, and Battery Minerals. Also they own a chunk of Val-d’ Or and International Prospect Ventures.

        GZZ has the high ground and should always be trading at a premium to RZZ, but the markets don’t seem to understand this fact…… yet. Once more focus goes on RZZ for their main royalty with Yamana & Agnico Eagle, then maybe a few more analysts will wake up to this opportunity.

        Sirios and Bonterra have had good newsflow over the last year, so that’s only adding to the value.

        > See pages (8,9,10) for the full spread of assets at Golden Valley Mines:

        http://www.goldenvalleymines.com/investors/presentations/gzz-presentation-nov2018.pdf

        • On January 26, 2019 at 9:23 am,
          Wolfster says:

          Preaching to choir Ex. 😉……l believe some discount is understandable if there is tax implications for selling their stock in rzz???

          • On January 26, 2019 at 10:10 am,
            Excelsior says:

            Yeah, I know you know…… and that was just a general GZZ repost from the conversation we were having the other day.

            Wolfster, I don’t believe their tax implication is why there is the discount, but rather most investors following the Malarctic royalty that RZZ has with Yamana/Aganico Eagle, don’t realize GZZ owns 44.7% of the entire company Abitibi Royalties, which would put them at 89.4% of the valuation of RZZ; but then Golden Valley still has all their other assets and JV partnerships which combined should give them a clear premium over RZZ (even with any tax considerations).

          • On January 26, 2019 at 10:18 am,
            Excelsior says:

            This slide shows the general overview of Golden Valley Mines assets:

            http://cdn.ceo.ca/1e4p91q-Golden%20Valley%20Asset%20Base.JPG

          • On January 26, 2019 at 10:20 am,
            Excelsior says:

            This slide breaks down the valuations better on GZZ’s asset base and where their valuation should be (although don’t know what value to assign to some of the JVs that are moving along as they are works in progress).

            http://cdn.ceo.ca/1e4p965-Golden%20Valley%20Asset%20Base%202.JPG

          • On January 26, 2019 at 10:30 am,
            Wolfster says:

            Another thing to consider is that abitibi will probably start paying a dividend as malartic ramps up to full production which is appealing to people. No guarantee gzz will pass on a dividend to shareholders. Just another thought as I wait for back X-rays.

          • On January 26, 2019 at 11:12 am,
            Excelsior says:

            Good point on the dividend as that attracts a different type of investor for accumulation.

          • On January 26, 2019 at 11:14 am,
            Excelsior says:

            However, even with that in RZZ’s favor, GZZ is still undervalued.

            Also I RZZ keeps diluting down their shares which reduces down GZZ’s ownership stake, so that a real factor, but would affect current RZZ shareholders as well.

          • On January 26, 2019 at 11:33 am,
            Excelsior says:

            Correction to that last post, I meant GZZ has been diluting down their shares some reducing their stake in RZZ and that is affecting current GZZ shareholders.

            For clarity, RZZ has been repurchasing shares the last 2 years.

          • On January 26, 2019 at 11:35 am,
            Excelsior says:

            There are too many ZZ companies, because GZZ also holds 24% stake in VZZ and a 17.5% stake in IZZ, in addition to their 44.7% stake in RZZ. 😉

          • On January 26, 2019 at 12:14 pm,
            Wolfster says:

            Yes the fact gzz’s holding in rzz is down from the 49% it was a year or so ago while rzz has been repurchasing is an issue but I think what one needs to remember is that despite rzz buying back shares its buyback hasn’t kept pace with the number of options that have been exercised during that same time

          • On January 26, 2019 at 4:21 pm,
            Excelsior says:

            Another good point. Thanks Wolfster. They only have 12.5 million shares out currently (which is not many and a pretty tight share structure) and they’re up to $10.68 per share as a result.

            Looking forward to movement in the Malartic.

      • On January 26, 2019 at 11:39 am,
        Excelsior says:

        An Analysis Of The Precious Metals Royalty Sector

        Dec. 16, 2018 – Adrián Hernández

        “In this article I will talk about the differences between the senior, mid-tier and junior PM royalty companies, their key aspects, growth prospects and my valuation, including:”

        Franco-Nevada (FNV)
        Wheaton Precious Metals (WPM)
        Royal Gold (RGLD)
        Osisko Gold (OR)
        Sandstorm Gold (SAND)
        Maverix Metals (OTCPK:MACIF) (MMX)
        Abitibi Royalties (OTC:ATBYF) (RZZ)
        Metalla Royalty and Streaming (OTCQX:MTAFF) (MTA)

        “If you are not familiar with the sector, this is a summary of its advantages versus the operators (miners) and the Physical Gold ETFs”

        https://seekingalpha.com/article/4228602-analysis-precious-metals-royalty-sector

  12. On January 26, 2019 at 8:15 am,
    CFS says:

    For addicts:
    http://radio.goldseek.com/shows/2019/01.25.2019/GSR-01.25.19-c.mp3

    If you’re suffering withdrawal…

  13. On January 26, 2019 at 8:41 am,
    Ebolan says:

    Hey Boys, I found ’em. For your listening pleasure…(don’t listen to them all at once, now 🙂 )

    http://www.kereport.com/wp-content/uploads/0126-1-1-1.mp3

    • On January 26, 2019 at 4:43 pm,
      Excelsior says:

      I really enjoyed Byron’s editorial this weekend and agree with him on Sabina Gold being an example of a project that not only has the goods, but also further de-risked their project by building the access water port to bring in supplies.

      (SBB) (SGSVF) Sabina is one of the development projects like (PG) Pure Gold or (TML) Treasure Metals that looks ripe for a takeover offer.

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

        “3 very important discoveries” Brien Lundin & Bruce McLeod, Sabina Gold & Silver (SBB)

        Metals Investor Forum #MIF – Jan 26, 2019

        “Brien Lundin, Publisher And Editor Of Gold Newsletter and Bruce McLeod, CEO of Sabina Gold & Silver discuss Back River Gold Project at the January 2019 Metals Investor Forum in Vancouver.”

        https://www.youtube.com/watch?v=ECSPhBzuq78

    • On January 26, 2019 at 5:13 pm,
      Excelsior says:

      Byron also discussed the top Canadian Gold mine – Malartic that Yamana & Agnico Eagle operate, which we discussed up above (since Abitibi Royalties / Golden Valley) get an NSR.

      • On January 26, 2019 at 5:22 pm,
        Ebolan says:

        Does Byron still have any affiliation with Bill Bonner?

        • On January 27, 2019 at 2:44 am,
          Excelsior says:

          Don’t know. He’s mostly involved with Jim Rickards newsletter now.

  14. On January 26, 2019 at 8:42 am,
    Ebolan says:
  15. On January 26, 2019 at 8:43 am,
    Excelsior says:

    (PGE) (PGEZF) Group Ten Reports High-Grade Palladium, Platinum and Gold from the Wild West and Boulder Target Areas at the Stillwater West Project, Montana, USA

    by @nasdaq on January 25, 2019

    https://ceo.ca/@nasdaq/group-ten-reports-high-grade-palladium-platinum-and

  16. On January 26, 2019 at 8:43 am,
    Ebolan says:
  17. On January 26, 2019 at 8:44 am,
    Ebolan says:
  18. On January 26, 2019 at 9:14 am,
    Excelsior says:

    Audio is working now. Thank Cory, Big Al, and the KER crew for all that you do.

  19. On January 26, 2019 at 10:18 am,
    Matthew says:

    It looks like gold’s break above some fork resistances a month ago mattered…
    http://schrts.co/jsuXjCMJ

    • On January 26, 2019 at 10:29 am,
      Matthew says:

      It can now rise for many weeks and, in my opinion, has a very good shot at $1,400 and higher — 5 year highs.
      http://schrts.co/Nebemidv

      • On January 26, 2019 at 9:53 pm,
        GH says:

        Impressive fibonacci timing.

  20. On January 26, 2019 at 10:37 am,
    Matthew says:

    I’ve been saying how good silver looks but even I was still too bearish about the short term. Look how it thumbed its nose at the little red arrow I drew 11 days ago:
    http://schrts.co/QgBtigeM

    • On January 26, 2019 at 10:39 am,
      Matthew says:

      (It’s always a good sign when even the most bullish bulls aren’t bullish enough.)

  21. On January 26, 2019 at 10:42 am,
    Matthew says:

    IPT daily:
    http://schrts.co/tiTpDjDR

    Of course FYI only; not a recommendation to buy or sell anything!

  22. On January 26, 2019 at 10:44 am,
    Matthew says:

    How many of you think that SPY will soon resume its plunge versus GLD?
    http://schrts.co/UNkzJmFV

    • On January 26, 2019 at 9:54 pm,
      GH says:

      Looks like a slam dunk.

  23. On January 26, 2019 at 3:05 pm,
    Chartster says:

    The general markets and gold are going to get clocked.
    The copper chart (weekly) looks awesome…!!

    • On January 26, 2019 at 4:06 pm,
      Matthew says:

      Copper might get something going but, for now, it doesn’t look nearly as good as gold. There is also no technical reason to expect gold to get clocked.
      Copper:
      http://schrts.co/UNDBRbJU
      Notice the potential big H&S top pattern.

      • On January 26, 2019 at 4:07 pm,
        Matthew says:
      • On January 27, 2019 at 6:04 am,
        Wolfster says:

        I’ll stick with my call for late 2019 being the time for copper..gold is now

  24. On January 26, 2019 at 4:34 pm,
    Charles says:

    Great show. Thanks Big Al and Cory for all that you do for the blog.

  25. On January 26, 2019 at 5:20 pm,
    Excelsior says:

    Joe Mazumdar, Economic Geologist, Exploration Insights

    Metals Investor Forum #MIF – January 2019 #VIDEO

    Joe Mazumdar, Economic Geologist, Exploration Insights – “Mega-mergers. Larger but fewer apex predators”

    https://www.youtube.com/watch?v=6OyN6X2wQ74

    • On January 26, 2019 at 5:26 pm,
      Excelsior says:

      Eric Coffin, Publisher of HRA Advisories

      Metals Investor Forum #MIF – January 2019 #VIDEO

      Eric Coffin, Publisher of HRA Advisories – “Year of the Bear?”

      https://www.youtube.com/watch?v=0Dih83F6Ozw

      • On January 26, 2019 at 5:28 pm,
        Excelsior says:

        Jay Taylor, Editor, J. Taylor’s Gold, Energy & Tech Stocks

        Metals Investor Forum #MIF – January 2019 #VIDEO

        Jay Taylor, Editor, J. Taylor’s Gold, Energy & Tech Stocks – “2019 – Which Safe Haven Markets will Dominate?”

        https://www.youtube.com/watch?v=Q1QWB2GoUA8

        • On January 26, 2019 at 5:31 pm,
          Excelsior says:

          Gwen Preston, Resource Maven

          Metals Investor Forum #MIF – January 2019 #VIDEO

          Gwen Preston, Resource Maven – “Two potential paths (both golden)”.

          https://www.youtube.com/watch?v=dLPlExs7AAA

          • On January 26, 2019 at 5:33 pm,
            Excelsior says:

            Brien Lundin, Publisher And Editor Of Gold Newsletter

            Metals Investor Forum #MIF – January 2019 #VIDEO

            Brien Lundin, Publisher And Editor Of Gold Newsletter – “Why Higher Gold Prices Are Inevitable…And What You Need To Do About It”

            https://www.youtube.com/watch?v=XBceL5g3skc

          • On January 26, 2019 at 5:35 pm,
            Excelsior says:

            Greg McCoach, Editor of The Mining Speculator

            Metals Investor Forum #MIF – January 2019 #VIDEO

            Greg McCoach, Editor of The Mining Speculator “2019 The Year GOLD Breaks Out”

            https://www.youtube.com/watch?v=Dt3IcVyqNLk

          • On January 26, 2019 at 5:37 pm,
            Excelsior says:

            Gwen Preston, Resource Maven

            Metals Investor Forum #MIF – January 2019 #VIDEO

            Gwen Preston, Resource Maven – “My MIF stocks”

            https://www.youtube.com/watch?v=darLLWw177s

          • On January 26, 2019 at 5:38 pm,
            Excelsior says:

            Jordan Roy-Byrne, Editor & Publisher of The Daily Gold Premium

            Metals Investor Forum #MIF – January 2019 #VIDEO

            Jordan Roy-Byrne, Editor & Publisher of The Daily Gold Premium “One More Leg Down & Greatest Setup Ever for Gold Stocks”.

            https://www.youtube.com/watch?v=zRrr09CGAqU

          • On January 26, 2019 at 5:39 pm,
            Excelsior says:

            John Kaiser, Founder of Kaiser Research Online

            Metals Investor Forum #MIF – January 2019 #VIDEO

            John Kaiser, Founder of Kaiser Research Online ” Are we in the middle of a turnaround?”

            https://www.youtube.com/watch?v=xqrrTO250l4

        • On January 26, 2019 at 10:26 pm,
          Big Al says:

          We really don’t have a lot of time for mr. Taylor

          • On January 27, 2019 at 2:45 am,
            Excelsior says:

            I thought you and Jay were good buddies (?)

          • On January 27, 2019 at 7:25 am,
            Dick Tracy says:

            Al has the “Golden Buzzer” on his desk, one dust up and you get sent to the lock up on Alcatraz. LOL! DT

          • On January 27, 2019 at 8:56 am,
            Ebolan says:

            I am very sorry to hear that.

            I always thought Jay was a decent person with a good heart but I do not know him personally.

  26. On January 26, 2019 at 5:59 pm,
    Excelsior says:

    Gold 2019 Forecast with The Ultimate Gold Panel

    Cambridge House International – Premiered Jan 25, 2019

    “The Ultimate Gold Panel gets into a deep discussion about the future of Gold based on historical analysis and current economic trends. This is a must-watch for any investor who is serious about profiting from gold. ”

    https://www.youtube.com/watch?v=qrCnEqMq4V4

    • On January 27, 2019 at 3:55 am,
      Excelsior says:

      Frank Holmes, Peter Hug, Roy Sebag, Peter Schiff

      • On January 27, 2019 at 4:38 am,
        Excelsior says:

        Gold vs. Oil vs. The Dollar – What Will Be Stronger in 2019

        Cambridge House International Inc. – Jan 25, 2019 #VIDEO

        “Marin Katusa moderates a fascinating discussion on Gold vs Oil vs the Dollar. With huge deficits in the US, will the US dollar weaken in the years ahead and where will the price of gold and oil go in 2019? Panel members include Peter Schiff (Euro Pacific Capital), Brent Johnson (Santiago Capital), Erik Townsend (MacroVoices.com), Rex Murphy (CBC, National Post), and Timothy Sykes (TLC Media LLC). ”

        https://www.youtube.com/watch?v=JjPh45E8euk

  27. On January 26, 2019 at 6:30 pm,
    Matthew says:

    With gold’s weekly MACD at 11, it might be interesting to know that the 30% gain of 2016 resulted in a weekly MACD at 45 — the same as the big move of 2006. But the possibilities are better. In 2008, it topped out at over 60 and in 2011, it reached about 110. I don’t know what it will be this time, but the conditions are ripe for a very impressive advance.
    http://schrts.co/JAiSZqYh

  28. On January 26, 2019 at 6:42 pm,
    Matthew says:

    The miners need to show strong follow-through versus gold.
    GDX:GLD daily:
    http://schrts.co/BEbhqeUM

  29. On January 26, 2019 at 6:51 pm,
    Matthew says:
  30. On January 27, 2019 at 8:07 am,
    CFS says:

    https://www.financialsense.com/podcast/18915/approaching-debt-tsunami

    The dangers of addbacks in mergers, involving debt.

  31. On January 27, 2019 at 9:08 am,
    Charles says:

    Hi Matthew – It would be nice if Friday’s action was not just a flash in the pan. Newt week should be interesting to see if there is follow through. Still just waiting and watching, but I have been selling stregth and buying weakness in the mines. Not reall modifying my over all exposure but not reducing either. I think we are close with IPT, but I feel better when it breaks out over 0.26/27 (ISVLF).

    • On January 27, 2019 at 9:38 am,
      Matthew says:

      Hi Charles, I agree and would be surprised if it was a one day wonder. We’ve all been through some big head fakes but Friday’s action “felt” right and did some good things technically that puts the odds on the bullish side, in my opinion.
      My guess is that the move will continue into Wednesday morning before suffering a setback at the time of the Fed’s announcement.

      ISVLF is up 35% vs GDX in two months and looks ready to extend that gain significantly:
      http://schrts.co/PAHBSZfx

      • On January 27, 2019 at 10:13 am,
        Charles says:

        Thanks. That chart give good perspective. Can post the weekly?

        • On January 27, 2019 at 10:30 am,
          Matthew says:
        • On January 27, 2019 at 10:32 am,
          Matthew says:
        • On January 27, 2019 at 10:36 am,
          Matthew says:

          It looks promising:
          http://schrts.co/rbNWxecB

          • On January 27, 2019 at 10:39 am,
            Matthew says:
          • On January 27, 2019 at 10:46 am,
            Matthew says:
          • On January 27, 2019 at 10:49 am,
            Charles says:

            The bullish engulfing is offset by lower lows and lower highs and uninspired volume in my mind. It will be interesting to see what next week does along with the Fed.

          • On January 27, 2019 at 11:03 am,
            Matthew says:

            True, but the volume is similar to the end of January, 2016. Even better is that Impact’s main listing (IPT-V) shows a bull hammer with the surge in volume that we want:
            http://schrts.co/HjduMwjw

  32. On January 27, 2019 at 9:28 am,
    charles says:

    I like this cycles guy over at the gold-eagle website. He seems very balanced in his approach and has been able to time trend changes very well. He is predicting a February intermediate decline.

    https://news.gold-eagle.com/article/golds-price-forecast-decline-complete-february/1068

  33. On January 27, 2019 at 10:12 am,
    Matthew says:

    Very interesting and bullish SLV action:
    http://schrts.co/cPUwWHua

  34. On January 27, 2019 at 10:22 am,
    Matthew says:

    The loonie had a better week than its .34% gain might suggest. It is acting very well:
    http://schrts.co/kxPzYmCJ

  35. On January 27, 2019 at 10:57 am,
    Matthew says:
    • On January 27, 2019 at 11:12 am,
      Matthew says:

      First weekly close above the 25 week MA since June:
      http://schrts.co/mthiifHe

  36. On January 27, 2019 at 11:18 am,
    Matthew says:

    Monthly Dow:Gold Fibonacci arcs:
    http://schrts.co/asJWgRFJ

  37. On January 27, 2019 at 12:00 pm,
    Silverdollar says:

    Found this article on 321Gold. Didn’t know Chris Vermillion made such direct targets for the PMs. Come summer, I guess we’ll know: https://www.thetechnicaltraders.com/why-everyones-talking-about-gold-silver/

  38. On January 27, 2019 at 3:04 pm,
    Markedtofuture says:
    • On January 27, 2019 at 10:13 pm,
      Excelsior says:

      “Interestingly, we just polled 4,000 Bitcoin investors and their number one investment for 2019 is actually gold. So gold lost to Bitcoin and now it’s going the other way.”

      https://cointelegraph.com/news/van-eck-associates-ceo-bitcoin-investors-are-moving-to-gold

      • On January 27, 2019 at 10:16 pm,
        Excelsior says:

        Bitcoin Falls Under $3,600 Again as Most Top Cryptos See Mild Losses

        By Adrian Zmudzinski

        “Also this week, crypto critic Nouriel Roubini commented at a blockchain conference that the technology is “no better than an Excel spreadsheet.” Cointelegraph also reported on recent comments from Apple co-founder Steve Wozniak that he sold all of his BTC holdings at the peak of $20,000 in December 2017.”

        https://cointelegraph.com/news/bitcoin-falls-under-3-600-again-as-most-top-cryptos-see-mild-losses

        • On January 27, 2019 at 10:20 pm,
          Excelsior says:

          While that seems like an over-simplification of blockchain, there is no doubt it was over-hyped at the end of 2017 and early 2018, a year ago now. It appears cryptos are still being pressured further, but am getting curious to see where the intermediate bottom is going to be for a potential bounce in the sector.

          • On January 27, 2019 at 10:23 pm,
            Excelsior says:

            Bitcoin Is Worth Less Than the Cost to Mine It, JPMorgan Says

            By Eric Lam – January 25, 2019

            “The production-weighted cash cost to create one Bitcoin averaged around $4,060 globally in the fourth quarter, according to analysts with JPMorgan Chase & Co.”

            “With Bitcoin itself currently trading below $3,600, that doesn’t look like such a good deal. However, there’s a big spread around the average, meaning that there are clear winners and losers.”

            https://www.bloomberg.com/amp/news/articles/2019-01-25/bitcoin-is-worth-less-than-the-cost-to-mine-it-jpmorgan-says

          • On January 28, 2019 at 8:04 am,
            Matthew says:

            It may take a little while but I’ll stick with the chart that I posted weeks ago…
            http://schrts.co/HHZHRZZa

          • On January 28, 2019 at 9:04 am,
            Wolfster says:

            Guess we will find out if cryptos are like mining stocks with prices below cost eventually creating a bottom or not

  39. On January 27, 2019 at 3:33 pm,
    Matthew says:
    • On January 27, 2019 at 3:40 pm,
      Matthew says:

      The $16.70s are probably coming very soon on its way to $17+…
      http://schrts.co/XAMWyxKP

  40. On January 28, 2019 at 8:43 am,
    Matthew says:

    SILJ has run into speedline resistance:
    http://schrts.co/vhRQqkRm

  41. On January 28, 2019 at 8:45 am,
    Matthew says:

    SLV is at fork resistance:
    http://schrts.co/nytGwEDP

  42. On January 28, 2019 at 8:47 am,
    Matthew says:

    GDX:GLD is giving us the good follow through that we needed and is now at an important fork resistance:
    http://schrts.co/cBWBzzNj