Weekend Show – Sat 23 Nov, 2019

Hour 1 – Filtering Out The Noise With Trading Strategies For US Markets and Select Metals Stocks

This week was slow for equity markets across the board however there were some developments (in a negative sense) for trade. Be sure to check out the daily editorials from the week and the many companies updates that are linked below.

Please keep in touch by emailing me at Fleck@kereport.com. I love hearing from all of you and all the companies questions and comments help me focus the guests I have on the show.

  • Segment 1 and 2 – Rick Bensignor kicks off the show by sharing his outlook for US markets, gold, bonds, and what will drive moves in 2020. Rick shares exact levels that he is watching for each market and his trading strategy for each.
  • Segment 3 – We shift our focus to the resource sector with Jayant Bhandari. He shares two stocks that he has recently been investing in.
  • Segment 4 – SilverCrest Metals released a drill result that yielded the highest grade to date at the project. Eric Fier, CEO of SilverCrest wraps up the show by sharing his insights on the drill results and the plans for 2020.

Exclusive Company Updates This Week


Rick Bensignor
Jayant Bhandari
Eric Fier – SilverCrest Metals

Comments:
  1. On November 23, 2019 at 4:06 am,
    Excelsior says:

    Thanks to the KER crew for another great weekend show!

  2. On November 23, 2019 at 5:39 am,
    Excelsior says:

    Rick Rule – Gold Prospects and Insolvent Banks

    FinanceAndLiberty – #VIDEO Interview

    https://youtu.be/qLe2Ig-hUyE?t=17

    • On November 23, 2019 at 5:48 am,
      Excelsior says:

      Survival Week: Precious Metals Hang In There, Brace for December Expiry – Weekly Wrap-Up

      Sprott Money – November 22, 2019 #AudioInterview

      Eric Sprott – Questions and Answers on miners @ 14:50

      $WM Wallbridge $BAR Balmoral $ME Moneta Porcupine $NVO Novo Resources $JAG Jaguar Mining $SPOT Goldspot Discoveries $TUD Tudor Gold

      https://youtu.be/yi6hgmwgNig?t=889

      • On November 23, 2019 at 12:36 pm,
        Excelsior says:

        Musings on Investing

        Jayant Bhandari – October 22, 2019

        Excellent Gold Stock Opportunities

        http://jayantbhandari.com/excellent-stock-opportunities-ff/

        • On November 23, 2019 at 2:27 pm,
          Excelsior says:

          Ray Dalio’s Billion Dollar Put Option And Why I Think Gold & Gold Mining Shares Are About To Rally.

          CEO Technician (@Goldfinger) – Nov 23, 2019 #VIDEO

          https://www.youtube.com/watch?v=d8hSos4WEnM&feature=youtu.be

          • On November 23, 2019 at 2:35 pm,
            Excelsior says:

            State of the Gold Market in 2019 – Christopher Aaron (iGold Advisor)

            Cambridge House International – November 22, 2019 #VIDEO

            https://www.youtube.com/watch?v=E0VtAUf3TMM

          • On November 23, 2019 at 8:45 pm,
            Excelsior says:

            Adrian Day: 3 Pieces of Advice for Gold Investors

            Investing News Network – Nov 14, 2019

            “As geopolitical tensions mount and economic uncertainty looms, investors are looking to safe haven precious metals like gold to fortify their portfolios and ward off personal economic crises.”

            https://www.youtube.com/watch?v=YRLWJZ7qsnk

          • On November 23, 2019 at 8:48 pm,
            Excelsior says:

            Byron King: The Top Precious Metals Sector Risk for Investors

            Investing News Network – Nov 14, 2019

            “Byron King of Agora Financial is urging investors to get involved in the precious metals sector before they are priced out.”

            https://www.youtube.com/watch?v=nubijZt3HyE

        • On November 23, 2019 at 10:38 pm,
          Excelsior says:

          David Wilson – Gold is an Attractive Asset for Today’s Monetary Environment

          by @PalisadeRadio on 21 Nov 2019 #AudioInterview

          https://ceo.ca/@palisaderadio/david-wilson-gold-is-an-attractive-asset-for-todays-monetary-environment

          • On November 24, 2019 at 10:28 am,
            Excelsior says:

            Take Advantage of the Gold Rally Underway

            By E.B. Tucker – November 23, 2019

            “Here’s why I’m writing you today: I believe $1,500 is only the beginning for gold.”

            “I expect gold to take out its previous high of $1,900. That’s about a 30% gain from here. And I expect that to happen in 2020.”

            “In fact, as I told Kitco News recently, from there I see it hitting $2,200 – about a 50% rise from its current price of around $1,470 per ounce.”

            “Political dysfunction and ballooning deficits also set the stage for gold today. The three largest central banks in the developed world recently declared they’ll do anything to stimulate their economies. That’s central bank lingo for “create more money.”

            “Notice that after gold hit its low in late 2015 (circled in red), each rally that followed registered a higher low. The pullbacks of 2016 and 2018 (also circled in red) each hit low points higher than the last. To us, this meant it was a matter of time before gold exploded higher…”

            https://bonnerandpartners.com/take-advantage-of-the-gold-rally-underway/

  3. On November 23, 2019 at 8:55 am,
    Wolfster says:

    Thanks for another solid week of info gentlemen. Finding the introduction to new companies great as I don’t have enough time to find possible hidden gems on my own any more.

    • On November 23, 2019 at 9:16 am,
      Big Al says:

      Cory is doing a great job in that area, Wolfster!

      • On November 23, 2019 at 12:20 pm,
        Excelsior says:

        +1 That he is Big Al.

        Cory is about as good as anyone I’ve heard at interviewing a range of guests day after day and giving the guests space to unpack ideas, but also asking the tough questions in a fair and candid manner.

        Keep up the great work and as always thanks for all you 2 and all the other contributors due to keep cranking out the daily editorials.

  4. On November 23, 2019 at 8:57 am,
    Wolfster says:

    Ex have been keeping an eye on pure gold. Seems to have attracted some good interest lately with larger buys and fridays volume and close certainly indicates something is up

    • On November 23, 2019 at 9:28 am,
      David says:

      Pure Gold:
      Jeff Clark gave a presentation at a Cambridge House conference where he listed Pure Gold as his first pick of Top Five of Gold and Silver miners. I believe it is up on Youtube.

      • On November 23, 2019 at 1:29 pm,
        Excelsior says:

        Thanks for bringing that presentation up David. I went and found that Jeff Clark video, and he touches on that sweet spot post discover, but pre-production after the construction phase, which is right were PGM is. It’s worth the watch.
        ________________________________________________________________

        Top 5 Candidates for the Gold & Silver Stock of 2020 – Jeff Clark

        Cambridge House International – Nov 14, 2019

        https://youtu.be/RnyXKRfQlz0?t=471

        • On November 23, 2019 at 2:34 pm,
          Excelsior says:

          Actually at the 9:58 mark is where Jeff gets specifically into why $PGM Pure Gold is his #1 pick for 2020.

          • On November 24, 2019 at 8:48 am,
            Excelsior says:

            $PGM $LRTNF Pure Gold Mining Inc. – Darin Labrenz, President & CEO #CorporatePresentation

            September 16, 2019 – #DenverGoldForum #VIDEO $Gold #Developer #RedLake #Ontario

            https://wsw.com/webcast/xpl19/pgm.v/?lobby=true&day=1

    • On November 23, 2019 at 11:53 am,
      Excelsior says:

      Hey Wolfster – Yes, (PGM) Pure Gold is in construction mode moving towards production, so they are going to hit the phase Lobo dubbed the “Golden Runway” where a developer has a nice inflow of volume/new investors as they signal to the market they are going to graduate to a producer soon.

      It will be an exciting year for Pure Gold in 2020 and I’ve got my tickets to the dance. 🙂

      • On November 23, 2019 at 1:21 pm,
        Matthew says:

        PGM is a daily and weekly chart “buy” and I’ll be surprised if it doesn’t hit at least $1.00 in January.
        https://stockcharts.com/h-sc/ui?s=PGM.V&p=D&yr=0&mn=11&dy=0&id=p28769268915&a=702131006

        • On November 23, 2019 at 1:22 pm,
          Matthew says:

          *I do not currently own it.

        • On November 23, 2019 at 1:31 pm,
          Excelsior says:

          PGM does look constructive medium term. It will not hurt my feelings if it hits at least $1.00+.

          Ever Upward!

  5. On November 23, 2019 at 9:36 am,
    markedtofuture says:

    Why is Tezos (XTZ) Enjoying a Rush of Green Amidst the Bloodbath on Crypto Street

    In the past 2 days, Bitcoin lost about 21% of its value. Altcoins followed the leading cryptocurrency and dropped 20 to 30%. This resulted in wiping out $50 billion from the total market cap.

    However, Tezos is one cryptocurrency that is not following this trend. On Nov. 22, XTZ registered a loss of 14% but soon after it jumped over 27% to $1.40, last seen in early August.

    https://bitcoinexchangeguide.com/why-is-tezos-xtz-enjoying-a-rush-of-green-amidst-the-bloodbath-on-crypto-street/

  6. On November 23, 2019 at 11:02 am,
    Matthew says:
  7. On November 23, 2019 at 11:09 am,
    Excelsior says:

    (IPT) (ISVLF) IMPACT Silver Finds Native Silver at Guadalupe Mine, Mexico & Provides Operational Update

    November 18, 2019

    “Numerous exceptional native silver specimens have recently been recovered by miners in the Guadalupe Mine between levels 15 and 30 in an area on the main Lipton vein named the Jewelry Shop.”

    http://www.impactsilver.com/s/NewsReleases.asp?ReportID=861335&_Type=News-Releases&_Title=IMPACT-Silver-Finds-Native-Silver-at-Guadalupe-Mine-Mexico-Provides-Operati…

  8. On November 23, 2019 at 11:41 am,
    Matthew says:
  9. On November 23, 2019 at 11:43 am,
    paul l says:

    Trading only the largest 50 s&p companies my main account was up 85% YTD a few days back but dropped in the last few days due to Cisco and At&t and now about 72% but should come back up. This time I did not sell into panics like in the past and instead did more buying on bad days. At another bank I am up about 30% doing very low risk investments.

  10. On November 23, 2019 at 6:14 pm,
    cfs says:
  11. On November 23, 2019 at 6:17 pm,
    cfs says:

    I have complained about the removal of the uptick rule for years.
    Combined with warrants issued I have seen naked shorting used to abuse the system.

  12. On November 23, 2019 at 7:13 pm,
    Chartster says:

    Great comments by Rick Bensignor. He knows his stuff.

  13. On November 24, 2019 at 1:49 pm,
    markedtofuture says:

    DEG.AX : Positive drill results extend Withnell

    https://www.asx.com.au/asxpdf/20191125/pdf/44bwsgjh86w68p.pdf

  14. On November 24, 2019 at 4:13 pm,
    Matthew says:

    The picture is mixed for the miners but the bulls appear to have the advantage.
    https://stockcharts.com/h-sc/ui?s=%24XAU&p=W&yr=3&mn=11&dy=0&id=p65468542269&a=668514183

    The XAU is heading for 5 higher quarters in a row. If it happens, it will be the first time in its 36 years.

  15. On November 25, 2019 at 6:50 am,
    Dan, calgary says:

    Just for kicks, here’s a stock to consider that wont have any TLS. Couldn’t find the Canadian listing for it. Gold Spring Resources Corp. I haven’t been following lately so am not sure if it has been mentioned recently. I don’t own any and not sure of their situation.

    https://stockcharts.com/h-sc/ui?s=GRCAF

  16. On November 25, 2019 at 9:23 am,
    Matthew says:

    GDX:DIA
    https://stockcharts.com/h-sc/ui?s=GDX%3ADIA&p=D&yr=1&mn=1&dy=0&id=p94805248647&a=699627862

    The miners could be in for significant further downside if they don’t turn very soon.

  17. On November 25, 2019 at 9:24 am,
    Matthew says:
  18. On November 25, 2019 at 12:55 pm,
    Charles says:

    Thanks for the charts Matthew. What are your thoughts on ISVLF these days? I also just purchased a little more ASM this morning so if you could throw a chart in on that one too with your forks I would appreciate.

    • On November 25, 2019 at 1:35 pm,
      Matthew says:

      Boy were you right to expect a further washout of IPT/ISVLF. Assuming the metals don’t completely fall apart here (a modest new low would be ok – maybe 1432 for gold), I think .295-.29 has a good chance at being the low. About .22-.215 for ISVLF.

      I own some ASM but not much. It has some Bollinger Band and fork support about 8% below but it has the potential for twice that easily if the sector continues to struggle.

      I consider this week to be very important and we could see lows above the numbers mentioned IF this week marks a low like I thought it would. Otherwise, my targets for both could be optimistic.

      It’s very hard to say right now but I sure don’t like the way the daily charts look for the mining etfs. (Of course it’s not uncommon for charts to look bad at a low.)

      To summarize, your guess is probably better than mine.

      https://stockcharts.com/h-sc/ui?s=ASM&p=D&yr=1&mn=0&dy=9&id=p57754032922&a=601855872

  19. On November 25, 2019 at 1:38 pm,
    Matthew says:

    GDXJ could have 2.5% to 6% more downside from here even if the metals do hold up.
    https://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=0&mn=5&dy=0&id=p09796750906&a=701701866

  20. On November 25, 2019 at 1:42 pm,
    Charles says:

    Thanks Matthew. Good perspective. Right I am taking profits and only redeploying lightly. I think with this week being a light trading week there could be some wild swings. After tomorrow I will be packing it in for the week and see where the dust settles come next Monday.