Craig Hemke from TF Metals Report – Fri 6 Sep, 2019

A Closer Look At The Reversal In Gold and Gold Stocks

Craig Hemke, Founder of TF Metals Report joins me to share his thoughts on the reversal yesterday in gold and gold stocks. There are a couple major factors and markets the right now have the biggest impact on the sector.

Click here to visit Craig’s site to stay up to date on his metals commentary.

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Comments:
  1. On September 6, 2019 at 6:21 am,
    OOTB Jerry says:

    Early morning……….just turned………going back up………

  2. On September 6, 2019 at 6:23 am,
    OOTB Jerry says:

    Algos…….out of step with reality and reason…….jmo

  3. On September 6, 2019 at 6:37 am,
    OOTB Jerry says:

    Kissinger group should be very worried……….Mueller, Barr , Baby Bush and all the insurance fraud……
    https://www.zerohedge.com/news/2019-09-05/major-university-study-finds-fire-did-not-bring-down-tower-7-911

  4. On September 6, 2019 at 7:08 am,
    Matthew says:
    • On September 6, 2019 at 8:19 am,
      Excelsior says:
    • On September 6, 2019 at 11:05 am,
      Charles says:

      Thanks for the chart Matthew. On ISVLF, to me it looks like it might need a bit more time to consolidate. The August low was a bit more than a .38 retrace on the daily. I am thinking it might go down a bit to retrace that level or slightly exceed it to scare some people off before heading higher. Earlier I was thinking it might get down to as low as high $0.27s, but I doubt it will get that far. On your weekly, I am wondering if you think it could go down to the upper fork line. Just sitting and watching mostly right now so haven’t commented too much. Brixton is still looking good and seems like it could have one more upthrust before taking a break.

      • On September 6, 2019 at 11:19 am,
        Matthew says:

        I agree with you about the ISVLF (and many others) looking like it needs more time to consolidate and you’re probably right. But I think that consolidation might be shallower and shorter in duration than the looks of the chart suggests. I say this based on the weekly and larger charts and the fact that we are in a new bull market. It is typical for ugly daily charts to keep stretching higher in a way that catches almost everyone off guard.
        This consolidation is already 6 weeks old…
        https://stockcharts.com/h-sc/ui?s=ISVLF&p=W&yr=4&mn=0&dy=9&id=p75030271177&a=677775870

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

        We just might have a bullish H&S continuation pattern forming for ISVLF and IPT…
        https://stockcharts.com/h-sc/ui?s=ISVLF&p=D&yr=0&mn=11&dy=0&id=p84822947831&a=677087368

        • On September 6, 2019 at 11:56 am,
          Charles says:

          I had the H&S thought as well. I guess we will see what next week brings. KTN has been a good one. Lots more to run. Can you give me your thoughts on CDE and ANG.TO?

          • On September 6, 2019 at 12:01 pm,
            Matthew says:

            CDE has not yet breached the 50 day MA but looks like it will easily on any further weakness in the metals. Being a marginable stock, it might have more downside than many of its Venture Exchange relatives.
            https://stockcharts.com/h-sc/ui?s=CDE&p=D&yr=1&mn=8&dy=0&id=p22707055550&a=541041866

          • On September 6, 2019 at 12:02 pm,
            Matthew says:

            Did you mean ANG.V not .TO?

          • On September 6, 2019 at 12:04 pm,
            Matthew says:
          • On September 6, 2019 at 12:09 pm,
            Matthew says:
          • On September 6, 2019 at 1:22 pm,
            Rebenga says:

            I owned CDE but sold it at 4,97. I missed the run up to the highs and got really irritated.
            I think it shows a clear double-top and if the bad sentiment is continuing I think I could buy it back at 4,10-4,20.
            Just my thoughts.

          • On September 6, 2019 at 5:57 pm,
            Excelsior says:

            I added some IPT yesterday, but I’m not adding any more IPT until we get validation the recent action wasn’t more of a short-term double top. I can see the point of view of the inverse H&S as well, but my first reaction in looking at it was it may have topped out temporarily and need a break to the downside. If that happens I’ll be there with a catcher mitt. 🙂

          • On September 6, 2019 at 6:11 pm,
            Matthew says:

            The H&S pattern doesn’t look very good anymore but the action since July still looks more like a consolidation than a big top of any kind.
            https://stockcharts.com/h-sc/ui?s=IPT.V&p=D&yr=0&mn=9&dy=0&id=p51725868032&a=681997812

        • On September 6, 2019 at 12:12 pm,
          Charles says:

          Oops I meant ANX.TO not ANG.TO

          • On September 6, 2019 at 12:19 pm,
            Charles says:

            I don’t own it, but ANG.V does look kind of interesting, if it doesn’t go to zero! Probably too low for my comfort level.

          • On September 6, 2019 at 12:25 pm,
            Matthew says:

            Looking at the oscillators, ANX is probably not far from an important low.
            You can see where fork support was touched in August so it could (not “will”) drop meaningfully if it goes below .23:
            https://stockcharts.com/h-sc/ui?s=ANX.TO&p=W&yr=3&mn=11&dy=30&id=p41949606352&a=678638894

          • On September 6, 2019 at 12:28 pm,
            Matthew says:
          • On September 6, 2019 at 12:48 pm,
            Charles says:

            Thanks for your chart of ANX. Looks like a wait and see, but promising. So were you buying SGN in December? I thought you had owned it for a while, but maybe I am thinking of another stock. I think this is the one you said had a big low grade out of the money deposit like KTN. Am I remembering correctly?

          • On September 6, 2019 at 1:11 pm,
            Matthew says:

            I own SGN mainly for the exploration potential and did buy near the low but not at the low. Debt is a killer and it looked like the grim reaper was going to strike yet again. That issue has been resolved now which is why it rallied 1,500%.
            I own a lot more now than I did at the low.
            https://www.scorpiogold.com/site/assets/files/5652/corporatepresentation.pdf

          • On September 6, 2019 at 4:27 pm,
            Excelsior says:

            +1500 on SGN post. I was considering grabbing more today but am waiting for next week.

          • On September 6, 2019 at 4:29 pm,
            Excelsior says:

            Charles, I like ANX fundamentally and they’ve delivered consistently on their guidance and continued achieving milestones. Eventually they will rise to the top as the cream of the crop.

      • On September 6, 2019 at 11:40 am,
        Matthew says:

        Btw and once again, I’m glad you brought up KTN when you did last year because that was the catalyst for my buying (more than 500,000 shares). Thanks!

        • On September 6, 2019 at 4:33 pm,
          Excelsior says:

          That’s a healthy KTN position. I have more a KTN snack-sized position. 🙂

          • On September 6, 2019 at 4:43 pm,
            Matthew says:

            Hey, I’ve got crumbs compared to Sprott. 😢

          • On September 6, 2019 at 6:09 pm,
            Excelsior says:

            I have protons and neutrons compared to Sprott.

    • On September 6, 2019 at 12:53 pm,
      RICHARD/DOC says:

      IPT will fall further.

      • On September 6, 2019 at 12:56 pm,
        Charles says:

        Where do you see it going Doc?

        • On September 6, 2019 at 1:14 pm,
          RICHARD/DOC says:

          Charles, I’ll add at $.32.5 to $.35 (IPT.V) unless the chart at that point in time looks pathetic.

  5. On September 6, 2019 at 8:24 am,
    Excelsior says:

    This is a good thought from William Schryver on PM investors still scarred from the bear and the last few years of consolidation after the 2016 initial green shoots.

    http://cdn.ceo.ca/1en4nvh-reallygoodtweet.png

  6. On September 6, 2019 at 10:57 am,
    SilverDollar says:

    Excellent listen from Craig. Enjoy his in-depth analysis w/ input that I haven’t heard elsewhere like the thoughts on institutional funds not participating yet. Looking forward to the rest of your program Cory. Who you speak with always matters to me.
    Here’s another quality interview from Macro Voices: Another favorite: Grant Williams. https://www.macrovoices.com/675-macrovoices-183-grant-williams
    Hope everyone enjoys their weekend………..

    • On September 6, 2019 at 11:11 am,
      Matthew says:

      Craig might have gotten the idea to talk about institutional funds from Jeff Clark…
      https://www.youtube.com/watch?v=quDkjt5dqWA

      • On September 7, 2019 at 6:26 am,
        OOTB Jerry says:

        SPOT ON………..Exactly……..

  7. On September 6, 2019 at 12:23 pm,
    Charles says:

    Does anyone know what happened at Barksdale? Quiet this morning, but exploded higher on pretty good volume this afternoon.

  8. On September 6, 2019 at 1:32 pm,
    Robert Moriarty says:

    Narrative follows price.

    • On September 6, 2019 at 1:43 pm,
      Matthew says:

      Ain’t that the truth!

      • On September 6, 2019 at 4:37 pm,
        Excelsior says:

        Then there are narratives that are dead wrong until price shows them the light. 😉

        • On September 6, 2019 at 4:42 pm,
          Excelsior says:

          Like people that kept saying we were still in the bear market from 2011 even when Gold was up $200-$300 bucks off the Major bottom and had broken up through a number of prior peaks and key moving averages.

          While anyone with a clue would have started measuring the new Gold bull cycle from the Major low in Dec 2015 at $1045.40, after the run in 2016, there were still those trying to make the case the case for a bear continuation due to a series of higher lows (that they were tracing back before the cycle changed over – going back into 2012-2014). They missed the whole part about Gold putting in a series of “higher lows” which is bullish, or that continuing to knock on upper resistance in the $1360-$1370 zone until it finally broke through.

          When Gold took out the prior peak from 2016 at $1377.50 it was PRICE letting the bears know that their NARRATIVE was poppycock.

          So it can be a 2-way street.

    • On September 6, 2019 at 1:48 pm,
      Charles says:

      Agreed Bob. Chart is looking pretty good. I noticed Morris Hubbard had a chart on it too in his video. Nice to see he is watching the stock.

  9. On September 6, 2019 at 6:30 pm,
    Excelsior says:

    Opportunity in precious metal junior take-over candidates

    David Erfle Friday September 06, 2019

    https://www.kitco.com/commentaries/2019-09-06/Opportunity-in-precious-metal-junior-take-over-candidates.html