Weekend Show – Sat 21 Dec, 2019

Hour 1 – A Detailed Look Into What Will Drive Markets In 2020

On this weekend show I feature Rick Bensignor and Peter Boockvar for two extended segments. We focus on what’s ahead in 2020 and what they think will be the major drivers for a wide range of markets.

Please keep in touch by emailing me at Fleck@kereport.com.

  • Segment 1 and 2 – Rick Bensingor kicks off the show with an extended conversation ranging from US markets to international and bonds, gold, and the US Dollar.
  • Segment 3 and 4 – Peter Boockvar wraps up the first hour with a focus on the interest rate picture for 2020 and what he expects to hear out of central banks. All with a focus on how markets will move throughout 2020.

Exclusive Company Interviews This Week


Rick Bensignor
Peter Boockvar

Comments:
  1. On December 21, 2019 at 7:32 am,
    Charles says:

    Thanks for the show Al and Cory! Interesting comments from Rick about the Neikki Index. Merry Christmas to all the Christians on the board.

  2. On December 21, 2019 at 8:22 am,
    Wolfster says:

    As always thanks for all the great shows gentlemen. Merry Xmas to all and a healthy and prosperous new year

    • On December 22, 2019 at 3:39 am,
      Miklo says:

      It is merry CHRISTmas and not anything else! Dont leave out the very reason we celebrate this beuatiful holiday! Its rude and unrespectful to do that!

  3. On December 21, 2019 at 8:25 am,
    Wolfster says:

    Hey Matthew. Saw your Kootenay post about the breakout. I totally missed the volume increase as I got busy with work. Surprised by Friday afternoon move since it was relatively quiet all week. Take .30 will be possible strong resistance going forward.

    • On December 21, 2019 at 8:28 am,
      Wolfster says:

      I should have mentioned I bought in at .225 after Sunday’s comments by Ex and yourself so right now I’m feeling good….and grateful. 👍

      • On December 22, 2019 at 7:36 am,
        Excelsior says:

        Wolfster – may your Kootenay trade be prosperous!

      • On December 22, 2019 at 7:38 am,
        Excelsior says:

        Korelin Economics Report – THE HEDGELESS HORSEMAN – Friday 12/20/2019

        “Erik Wetterling joins to outline what worked in terms of his investment strategy for this year. He outlines some of his better investments and more importantly what his strategy is for next year. Also noting what he will be watching closely next year.”

        http://www.kereport.com/2019/12/20/metals-investors-what-worked-this-year-and-what-to-watch-for-2020/

        • On December 22, 2019 at 7:39 am,
          Excelsior says:

          whoops – I didn’t mean to post this at this point in the thread… but there it is…

    • On December 21, 2019 at 9:11 am,
      Matthew says:

      I think you’re right about .30 but I also think it is going to .35 at the very least and probably .40+ before it takes a significant break. I’m glad you got yours.
      https://stockcharts.com/h-sc/ui?s=KTN.V&p=W&yr=4&mn=3&dy=0&id=p12762033415&a=708378089

      • On December 22, 2019 at 6:36 am,
        Wolfster says:

        I like your scenario way better..lol..without either news or a move in silver higher I think .40+ might be hard to reach…..I will say a few of the silver plays I either own or follow all have broken out so a move in general could be in the works

        • On December 22, 2019 at 9:33 am,
          Matthew says:

          I agree. It’s hard to imagine .40 if silver does nothing. However, once the bull market matures, such moves could happen easily while silver does nothing. The problem now is that the real and nominal price of silver is very low.

  4. On December 21, 2019 at 9:02 am,
    cfs says:

    Will the impeachment of Trump create a wall of worry necessary for a bull market in stocks?
    Powell is different from Greenspan and Yellen, as he reacts to market conditions much more quickly.
    Is he pumping money into the economy via repos which implies a boost for stock markets?
    Does QE by any other name smell just as sweet?
    Is market exuberance irrational?
    Certainly it appears we have had a bubble in credit markets, which are so dependent on interest rates. The future depends on where interest rates will go from here.
    We have not seen yet how Powell will react to inflation, but it appears to me 2020 will be a good year for stocks, both regular and mining related.

  5. On December 21, 2019 at 12:10 pm,
    cfs says:

    Amazon continues it march to monopoly.

    Deliering 2.2 billion of its own packages this year (~ 50% of its packages)
    projecting to 3.3 billion packages within two years and passing UPS and FEDEX in package delivery size of business.

  6. On December 21, 2019 at 2:01 pm,
    Dick Tracy says:

    Fipke is back buying at Cantex.

    • On December 22, 2019 at 7:19 am,
      Excelsior says:

      Figured he would after the huge pullback. Luckily I waited and waited for it to finish bottoming and just got positioned in (CD) Cantex over the last 2-3 weeks.

      It got way ahead of itself earlier this year, but they did have good exploration success, so to pull back down to near where things were pre-discovery is now overdone to the downside. 2020 should be quite a year for Cantex.

  7. On December 22, 2019 at 7:42 am,
    Excelsior says:

    This was the most insightful and spot on daily editorial here on the KE Report this week:

    __________________________________________________________

    Brien Lundin Commentary – Friday 20 Dec, 2019

    “Brien Lundin kicks off today by outlining a couple scenarios he sees for gold in early 2020. In what is typically a good time of the year for gold, the way the metal has bounced into year end is very encouraging. We also get some more insights into Impact Silver and why Brien is recommending this stock again to his subscribers.”

    http://www.kereport.com/2019/12/20/a-look-at-gold-in-q1-2020-also-comments-on-impact-silver/

    • On December 22, 2019 at 9:23 am,
      RICHARD/DOC says:

      Ex, I hope Mr. Lundin’s assessment is correct but I believe the script won’t follow this year. As I’ve said, January will set the tenor for the PMs for the first half of the year. Right now the technicals favor a blah to the start of the year. The first 2 weeks in January will tell the story. As to Impact, i’m hoping for another chance to add at $.25–$.30.

      • On December 23, 2019 at 12:52 am,
        Excelsior says:

        Thanks Doc. Yes the “January Effect” is always something to consider for the tone of the year, but I don’t put as much stock in one month shaping the whole year.

        However, I know you are looking at the weekly and monthly charts and the longer term picture in your comments, which is different than the traditional January effect some analysts use in the general markets. If there can be a solid end to January on the weekly/monthly charts, it will build momentum into February as well.

        As for Gold & Silver and PM Miners following the Seasonality script in Q1, they don’t necessarily have to, but for years and years the trend has been our friend.

        Gold and the PM miners have had a very similar pattern for 12 out of 14 years, where they started to move in late December into the “Q1 Run” Jan & Feb much higher. Sometimes there are slower starts to January, but by mid-Jan things are usually in full steam ahead mode, as new positions are put in place and higher volumes from institutional funds rotate into the sector.

        There are no guarantees in any sector, but the Seasonality pattern has been so ingrained at this point that it typically becomes a self-fulfilling prophecy. People clear out their old dogs in November & December during tax loss selling, and then all the new positions come in at year-end or to start the year, kicking off the buying frenzy. It is generally best to position in late December, before the larger volumes and trend followers jump in at the first of the year.

  8. On December 22, 2019 at 9:18 am,
    Matthew says:

    The Peter Schiff tweet that Frank Guistra retweeted:
    QE4 added $41.6 billion to the Fed’s balance sheet last week, bring the total size to $4.137 trillion. The U.S. now has the most reckless combination of money and fiscal policy ever. If you think the economy was bad during the 1930s or 1970s, wait until you experience the 2020s!

    With the retweet, Frank tweeted:
    Meanwhile, the mainstream media is absent in its reporting on this ..this recklessness will lead to disaster. It’s like no one reads history books any longer..there is no happy ending #gold

  9. On December 22, 2019 at 9:30 am,
    Matthew says:

    With Trump signing a $1.4 trillion spending bill (that he vowed he never would), Peter Schiff Tweeted:
    Having a RINO as president is nothing new. What’s different this time is that even the conservatives don’t care.
    —————
    Schiff is right. After generations of propaganda and dumbing-down, even conservatives are a bunch of lefties in all the worst ways.

  10. On December 22, 2019 at 11:24 am,
    Matthew says:

    The XAU has finished higher for 8 out the last 10 weeks and last week gave a welcome pullback to break the extended run of 5 weeks up in a row…
    https://stockcharts.com/h-sc/ui?s=%24XAU&p=W&yr=3&mn=11&dy=0&id=p63403636436&a=699164164

    Maybe now we can have that short squeeze that I was wrong about for last week.

  11. On December 22, 2019 at 2:46 pm,
    monty bissett says:

    Republicans In Name Only is a joke. Republicans have never been for fiscal sanity. Just not as insane as Democrats. Bill Clinton was closest to balancing books

  12. On December 22, 2019 at 2:52 pm,
    monty bissett says:

    books in many decades. The only reason it happened was both parties actually made an effort with welfare reform and cutting size of govt. Of course the most important part of it was the Dot Com bubble. Billions rolling into the treasury from capital gains from stock sales of companies with absolutely no earnings just losses. The words of the day back then were ( what is their burn rate.) Raising billions on a bunch of BS. However some good came of the times.

  13. On December 22, 2019 at 5:55 pm,
    Matthew says:

    Gold has closed the last two days above the 50 day MA and the last two weeks above the R2 Pivot (@1476+)
    https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=5&mn=11&dy=0&id=p70323559725&a=699861636

    • On December 23, 2019 at 1:17 am,
      Excelsior says:

      Gold up to $1488 and Silver up to $17.43 in premarkets

      • On December 23, 2019 at 5:09 am,
        Wolfster says:

        Unfortunately it’s drifted lower since early morning ……went to bed happy. Lol

        • On December 23, 2019 at 1:27 pm,
          Excelsior says:

          I’ve been sidetracked most of the day, but just saw the closing prices:

          Gold $1482.50 and Silver $17.49. Still pretty good, and I’ll go to bed happy with that.

          • On December 23, 2019 at 1:47 pm,
            Excelsior says:

            Now in aftermarket trading Gold is up to $1489. It would be nice to see Gold rip higher in overnight trading to gap up on the open tomorrow morning for the partial day.

  14. On December 23, 2019 at 1:15 am,
    Excelsior says:

    Negative Rates, The Destruction Of Money. Sweden Ends Its Experiment.
    22 December, 2019

    “Negative rates are the destruction of money, an economic aberration based on the mistakes of many central banks and some of their economists who start from a wrong diagnosis: the idea that economic agents do not take more credit or invest more because they choose to save too much and therefore saving must be penalized to stimulate the economy. Excuse the bluntness, but it is a ludicrous idea.”

    “Inflation and growth are not low due to excess savings, but because of excess debt, perpetuating overcapacity with low rates and high liquidity and zombifying the economy by subsidizing the low productivity and highly indebted sectors and penalizing high productivity with rising and confiscatory taxation.”

    https://www.dlacalle.com/en/negative-rates-the-destruction-of-money-sweden-ends-its-experiment/

  15. On December 23, 2019 at 8:28 am,
    Matthew says:

    GDX vs DIA pulled back to test the 233 day MA last week and has responded to the way a mining bull would hope…
    https://stockcharts.com/h-sc/ui?s=GDX%3ADIA&p=D&yr=1&mn=1&dy=0&id=p53565154622&a=699627862

  16. On December 23, 2019 at 8:31 am,
    Matthew says:
  17. On December 23, 2019 at 8:39 am,
    Matthew says:

    I missed .16 and .165 this morning but still bought more BBB at .17.
    The backtest of my pitchfork last week was perfect:
    https://stockcharts.com/h-sc/ui?s=BBB.V&p=W&yr=8&mn=3&dy=0&id=p53192729975&a=670511416

    • On December 23, 2019 at 2:07 pm,
      Charles says:

      Thanks for the info and chart. I am all filled up on BBB for now.

  18. On December 23, 2019 at 8:53 am,
    Matthew says:

    SILJ’s September high was matched to the penny last week and will probably be exceeded very soon. Big moves ahead…
    https://stockcharts.com/h-sc/ui?s=SILJ&p=W&yr=3&mn=11&dy=0&id=p49867292448&a=698855290

    • On December 23, 2019 at 8:55 am,
      Matthew says:

      Well that didn’t take long. It just hit 11.57 for a second – one cent above the old high.

    • On December 23, 2019 at 9:18 am,
      Matthew says:

      Jaguar Mining is 37.5% on good volume.

      • On December 23, 2019 at 9:27 am,
        Wolfster says:

        Damn…..hadn’t bought it yet..

        • On December 23, 2019 at 9:43 am,
          Matthew says:

          That’s a bummer. It’s up 90% in the last 8 sessions.
          https://stockcharts.com/h-sc/ui?s=JAG.TO&p=D&yr=1&mn=3&dy=0&id=p03450327786

        • On December 23, 2019 at 9:45 am,
          Matthew says:
          • On December 23, 2019 at 9:50 am,
            Wolfster says:

            Unfortunately I’ve only got so much funds to spread around but at least its growing so I can slowly start spreading things out more.certainly can’t hold as many plays as Ex seems to have. Lol

          • On December 23, 2019 at 9:57 am,
            Matthew says:

            We all have a different risk tolerance/profile. I would never want so many positions.

          • On December 23, 2019 at 1:23 pm,
            Excelsior says:

            Yes, to each their own. I’m more of a buffet approach (like building my own ETF) as opposed to a single entree investor. Some just like having everything in 1 stock or a few stocks, where others like a basket approach. The harsh reality is we can’t own them all, so best to pick ones spots based on their own convictions and due diligence.

            Cheers!

          • On December 23, 2019 at 1:24 pm,
            Excelsior says:

            I am jazzed about JAG though. 🙂

  19. On December 23, 2019 at 10:05 am,
    Matthew says:

    Gold is now poking through the very important 50% Fibonacci level of the downtrend that began in 2011. A failure here would setup a dip back to the steeply rising 30 week MA at 1462. And a failure there would all but guarantee a move to a new low (below 1446).
    https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=9&mn=11&dy=0&id=p43162184566&a=708774951

  20. On December 23, 2019 at 11:31 am,
    Matthew says:

    This bullish reversal is a good reminder that the technical oscillators are lagging indicators…
    https://stockcharts.com/h-sc/ui?s=%24HUI&p=D&yr=1&mn=5&dy=0&id=p28272486172&a=674485004