Cory's Insights – Fri 28 Feb, 2020

Look At The Fear/Greed Index Now

This was pointed out this morning by Peter Boockvar in one of his morning notes… Look at where the fear/greed index is currently and compare that to early January when it was at highest level possible (100).

When fear is this elevated today is showing us nothing is safe. Do not listen to those who say a market crash is good for PMs. It will be when things stabilize but in a rush for cash everything goes down.

  1. On February 28, 2020 at 8:48 am,
    David says:

    How did it get up to “8”?

    • On February 28, 2020 at 8:50 am,
      Dick Tracy says:

      The best number to call if you need a lawyer is 888-8888! DT

      • On February 28, 2020 at 11:05 am,
        John Kruschke says:

        Hi D.T:
        I have been following your posts about the eventual scenario we find ourselves in with artificial intelligence.
        One has to look no further than Commercial Aviation. After watching numerous videos on Commercial Aviation crashes, the common denominator is the Pilots dependence on technology, check lists and just forgetting how to fly the plane.
        Those in charge of the technology have passed the buck on us, those being the FAA.
        In an E-Mail released, the Boeing Execs said of the FAA when they presented the 737 Max to them, and I quote”Like Dogs Watching T.V”
        Another quote was “This Airplane is designed by Clowns, who are in turn supervised by Monkeys.” This was an employee quote in 2017
        Those in charge of the technology when corrupted by greed, dividends, stock prices etc..
        will sacrifice the public, much like we are seeing today with the Algo driven Markets.

        • On February 28, 2020 at 3:26 pm,
          Dick Tracy says:

          Hi John, Check this short video out called “A Trip Through New York City in 1911.” It has been remastered and colorized. Note how far technology has progressed in 100 years. Our species will not be able to accept all this change and what’s to come in our present form.

          • On February 28, 2020 at 9:42 pm,
            John Kruschke says:

            I just received my 1914 $10 Federal Reserve note. On the back it has farmers harvesting Hemp with a four horse team and three men. The advances in agriculture have played a big part as well.
            Thanks for the video.

          • On February 29, 2020 at 11:49 am,
            OOTB Jerry says:

            Are you a currency collector JOHN……….?????

    • On February 28, 2020 at 9:32 am,
      Rufust445 says:

      Is there a VIX index for the Fear & Greed Index?

  2. On February 28, 2020 at 11:22 am,
    John Kruschke says:

    The first time the American Sheeple open their 401K statements and they see their retirement going backwards instead of the steady gains they have grown accustomed to, the collective consciousness of these markets will have changed.
    The second time they see their 401K statement going down, the herd will be on the verge of a stampede.

  3. On February 28, 2020 at 11:33 am,
    John Kruschke says:

    Your comment on the David Erfle blog was spot on. You really nailed it.
    One has to look at who are the participants in the futures markets, and in no way does this reveal the true reality of which we find ourselves.
    Rather the reality that the participants want you to believe.
    The only question left for me is whether I will live long enough to see the true reality.

  4. On February 28, 2020 at 11:37 am,
    John Kruschke says:

    One last Political note.
    Even if Donald Trump does get re-elected,four years will pass and he will leave.
    You can bet your last dollar the National Debt will still be there and it will be substantially larger.

  5. On February 28, 2020 at 11:54 am,
    larry says:

    The way I use technicals I have targets hit on qqq….with an RSI forming on virtually all intra day time frames and oversold on dayly…Turn around Tuesday?…Unless the market pulls a black monday…but will look at that low Monday, that day, hard!..on day chart this is day 7 of a Tom Demark count so Monday through Wed. can pull a reversal per that pattern and 75% of time market is up even in bears until revulsion occurs

  6. On February 28, 2020 at 1:03 pm,
    irishtony says:

    ” WOW “…Gold down over $57…& Silver down over a $1….at the close , holy moly.

    • On February 28, 2020 at 2:24 pm,
      OOTB Jerry says:

      Where you been…… is about time you showed up……glad to see you are still breathing ….. 🙂

    • On February 28, 2020 at 2:49 pm,
      irishtony says:

      Hi Jerry…Not sure if you were aware that i was a member of the Brexit Party.
      Cut a long story short , some of us have been working behind the scene , & have been speaking with grassroots movements in , Ireland / Italy / Germany & France who have an interest in following what the UK did . It has taking up a lot of my time , hence my lack of postings over the past year or so….But now this Corona Virius thing has come along its almost but a brake on our talks..Hope that clears up some things.

      • On February 28, 2020 at 3:04 pm,
        irishtony says:

        BTW…Jerry…Just read your email…hope the above answers your question……
        & always remember…dont let the bastards get to you…fight back…i do. wink wink.

        • On February 28, 2020 at 3:08 pm,
          irishtony says:

          Another BTW..Were is cfs…has he fled Cali. to get away from the Corona ?

      • On February 28, 2020 at 3:21 pm,
        OOTB Jerry says:

        Irish…………thanks for posting……..and glad you are safe…….
        And congratulations on you Brexit deal……..Glad to see the other countries are having some interest in the movement……..
        BTW….I posted some info. on the virus….for example Gates and Israel are working on a vaccine…I think we will see that everything will be fine in a few months….
        Hang tough …..Best …….Jerry

      • On February 28, 2020 at 3:50 pm,
        bonzo barzini says:

        Tony, don’t forget to help the Danes to exit too.

        • On February 28, 2020 at 4:14 pm,
          irishtony says:

          Hello bonzo. We are willing to speak to anyone who wants advice. If just one more country follows the UKs example , then the EU is finished, & the elites know this . Its just a shame this Corona thing has come along when it has.

          • On February 28, 2020 at 8:52 pm,
            Excelsior says:

            Yeah, it would have been nice if the corona virus could have come along at a better time. 😉

          • On February 28, 2020 at 8:53 pm,
            Excelsior says:

            Keep up the good fight IrishT.

  7. On February 28, 2020 at 1:21 pm,
    Ebolan says:

    Well boys, quite a week.

    Suckers and Poors down every day and worst week since the financial crisis…What in your opinion does next week have in store???

  8. On February 28, 2020 at 1:50 pm,
    CaliJoe says:

    Big boyz know this. This is a hard shake off for Powell to cut rates. It won’t over next week though. But it’s going to prove a once in a lifetime opportunity to acquire mining shares for cheap! 40 million GDX were bought at market close today.

  9. On February 28, 2020 at 2:28 pm,
    OOTB Jerry says:

    Calming the Markets…………..Notice it says UNPRECEDENted……

  10. On February 28, 2020 at 2:29 pm,
    buzz says:

    Bullion banks cover their shorts yet again. Looks like NGD breaks to downside.

    • On February 28, 2020 at 6:55 pm,
      Excelsior says:

      Almost every mining stock broke to the downside today.

      There were a few bright spots like Lion One (LIO) or Northern Shield (NRN), but most companies tanked out hard today, and have been plunging most of the week.

      It was more of a sell everything marketplace.

    • On February 28, 2020 at 7:38 pm,
      Excelsior says:

      Symbol – Major Gold Producers – Daily Change %

      HMY Harmony Gold Mining Company Limited -10.29%
      AU AngloGold Ashanti Limited -10.14%
      NCM.AX Newcrest Mining Limited -8.04%
      POLY.L Polymetal International plc -7.76%
      GFI Gold Fields Limited -7.20%
      KGC Kinross Gold Corporation -5.99%
      AUY Yamana Gold Inc. -5.68%
      KL Kirkland Lake Gold Ltd. -5.06%
      NEM Newmont Corporation -4.08%
      AEM Agnico Eagle Mines Limited -3.79%
      GOLD Barrick Gold Corporation -3.74%
      SBGL Sibanye Stillwater Limited -2.93%

      • On February 28, 2020 at 7:43 pm,
        Excelsior says:

        Symbol – Gold Mid-Tier Producers – Daily Change %

        MND.TO Mandalay Resources Corporation -38.67%
        OGC.TO OceanaGold Corporation -15.88%
        GCM.TO Gran Colombia Gold Corp. -15.20%
        RMS.AX Ramelius Resources Limited -15.13%
        LMC.TO Leagold Mining Corporation -14.70%
        CG.TO Centerra Gold Inc. -11.67%
        PRU.TO Perseus Mining Limited -11.65%
        WGX.AX Westgold Resources Limited -10.96%
        MUX McEwen Mining Inc. -10.89%
        TXG.TO Torex Gold Resources Inc. -10.70%
        SLR.AX Silver Lake Resources Limited -10.58%
        AKG Asanko Gold Inc. -10.20%
        RSG.AX Resolute Mining Limited -10.13%
        NGD New Gold Inc. -10.12%
        PNR.AX Pantoro Limited -10.00%
        ROXG.TO Roxgold Inc. -9.95%
        SAR.AX Saracen Mineral Holdings Limited -9.81%
        EQX Equinox Gold Corp. -9.65%
        EVN.AX Evolution Mining Limited -9.62%
        NST.AX Northern Star Resources Limited -9.24%
        SMF.TO SEMAFO Inc. -9.22%
        IGO.V Independence Gold Corp. -9.09%
        RRL.AX Regis Resources Limited -9.03%
        EDV.TO Endeavour Mining Corporation -8.74%
        DRD DRDGOLD Limited -8.68%
        TGZ.TO Teranga Gold Corporation -8.59%
        KOZAL.IS Koza Altin Isletmeleri A.S. -8.46%
        CXB.TO Calibre Mining Corp. -7.78%
        SSRM SSR Mining Inc. -7.75%
        EGO Eldorado Gold Corporation -7.75%
        POG.L Petropavlovsk PLC -7.73%
        CEE.TO Centamin plc -7.53%
        DPM.TO Dundee Precious Metals Inc. -7.41%
        KCN.AX Kingsgate Consolidated Limited -7.22%
        AR.TO Argonaut Gold Inc. -7.19%
        SBM.AX St Barbara Limited -6.75%
        BTG B2Gold Corp. -6.56%
        DNG.TO Dynacor Gold Mines Inc. -6.36%
        MML.AX Medusa Mining Limited -5.83%
        HGM.L Highland Gold Mining Limited -5.37%
        PVG Pretium Resources Inc. -5.08%
        IAG IAMGOLD Corporation -5.02%
        1818.HK Zhaojin Mining Industry Company Limited -4.13%
        ASR.TO Alacer Gold Corp. -3.65%
        PAF.L Pan African Resources PLC -3.53%
        AGI Alamos Gold Inc. -2.83%
        DGC.TO Detour Gold Corporation -2.53%
        CGG.TO China Gold International Resources Corp. Ltd. -1.87%
        ORV.TO Orvana Minerals Corp. 0.00%
        GUY.TO Guyana Goldfields Inc. +10.29%

        • On February 28, 2020 at 7:50 pm,
          Excelsior says:

          Symbol – Small Gold Producers – Daily Change %

          SMC.TO Sulliden Mining Capital Inc. -30.00%
          ORA.TO Aura Minerals Inc. -22.15%
          SGN.V Scorpio Gold Corporation -19.05%
          ALTN.L Altyn Plc -17.50%
          ALO Alio Gold Inc. -16.98%
          ANX.TO Anaconda Mining Inc. -15.56%
          SHG.L Shanta Gold Limited -14.75%
          PRX.AX Prodigy Gold NL -14.29%
          GORO Gold Resource Corporation -13.92%
          ALK.AX Alkane Resources Limited -13.81%
          GXS.V Goldsource Mines Inc. -13.64%
          WDO.TO Wesdome Gold Mines Ltd. -12.77%
          SAM.TO Starcore International Mines Ltd. -12.50%
          GGD.TO GoGold Resources Inc. -12.12%
          TMR.TO TMAC Resources Inc. -11.60%
          AGD.AX Austral Gold Limited -11.11%
          PG.TO Premier Gold Mines Limited -10.79%
          GG.V Galane Gold Ltd. -10.53%
          BLK.AX Blackham Resources Limited -10.00%
          RED.AX Red 5 Limited -10.00%
          OMI.TO Orosur Mining Inc. -10.00%
          TRY.AX Troy Resources Limited -9.68%
          CGN.AX Crater Gold Mining Limited -9.09%
          RNX.TO Royal Nickel Corporation -9.09%
          HAV.AX Havilah Resources Limited -8.99%
          KNT.V K92 Mining Inc. -8.74%
          SBI.TO Serabi Gold plc -8.28%
          F.V Fiore Gold Ltd. -7.84%
          SGI.V Superior Gold Inc. -7.69%
          AMI.AX Aurelia Metals Limited -7.06%
          JAG.TO Jaguar Mining Inc. -5.41%
          SFR.AX Sandfire Resources Limited -4.91%
          PGI.AX PanTerra Gold Limited -3.57%
          MQR.TO Monarch Gold Corporation -2.63%
          CAL.TO Caledonia Mining Corporation Plc -2.52%
          MTL.L Metals Exploration plc -2.38%
          MXSG Mexus Gold US -2.05%
          PGDC.V Patagonia Gold Corp. 0.00%
          NOR.V Otso Gold Corp. 0.00%
          HRT.TO Harte Gold Corp. 0.00%
          NIM.V Nicola Mining Inc. 0.00%
          GER.V Glen Eagle Resources Inc. 0.00%
          ASO.L Avesoro Resources Inc. 0.00%
          PBR.V Para Resources Inc. 0.00%
          SAU.AX Southern Gold Limited 0.00%
          IO.V Inca One Gold Corp. 0.00%
          CEG.CN Cerro Grande Mining Corporation 0.00%
          GSS Golden Star Resources Ltd. +0.37%

          • On February 28, 2020 at 8:01 pm,
            Excelsior says:

            Symbol – Gold Advanced Developers – Daily Change %

            WRM.AX White Rock Minerals Ltd -25.00%
            SAU.TO St. Augustine Gold and Copper Limited -25.00%
            TSN.V Telson Mining Corporation -25.00%
            GQC.V Goldquest Mining Corp. -23.08%
            KEFI.L KEFI Minerals Plc -19.57%
            SPA.V Spanish Mountain Gold Ltd. -19.05%
            CKG.V Chesapeake Gold Corp. -18.93%
            CGT.TO Columbus Gold Corp. -16.67%
            TRX Tanzanian Gold Corporation -16.23%
            OSK.TO Osisko Mining Inc. -16.17%
            AGG.V African Gold Group, Inc. -15.79%
            BSX.TO Belo Sun Mining Corp -15.38%
            VGZ Vista Gold Corp. -14.71%
            SBB.TO Sabina Gold & Silver Corp. -14.19%
            GOR.AX Gold Road Resources Limited -13.95%
            FPC.V Falco Resources Ltd. -13.21%
            BTR.V Bonterra Resources Inc. -12.34%
            SA Seabridge Gold Inc. -12.31%
            INV.TO INV Metals Inc. -12.31%
            MAX.TO Midas Gold Corp. -12.07%
            PRB.V Probe Metals Inc. -11.32%
            RMX.TO Rubicon Minerals Corporation -11.22%
            THM International Tower Hill Mines Ltd. -10.87%
            USAU U.S. Gold Corp. -9.41%
            MAI.V Minera Alamos Inc. -9.26%
            NVO.V Novo Resources Corp. -8.47%
            NG NovaGold Resources Inc. -8.39%
            BDC.AX Bardoc Gold Limited -8.11%
            WKM.V West Kirkland Mining Inc. -7.69%
            TIG.V Triumph Gold Corp. -7.50%
            KOR.TO Corvus Gold Inc. -7.18%
            STGO.TO Steppe Gold Ltd. -6.74%
            LUG.TO Lundin Gold Inc. -6.73%
            MGM.V Maple Gold Mines Ltd. -6.67%
            MOZ.TO Marathon Gold Corporation -6.67%
            ORE.V Orezone Gold Corporation -5.68%
            AAU Almaden Minerals Ltd. -5.68%
            CDV.AX Cardinal Resources Limited -5.41%
            LGD.TO Liberty Gold Corp. -5.17%
            ORG.V Orca Gold Inc. -4.76%
            AGC.V Amarillo Gold Corporation -4.65%
            PGM.V Pure Gold Mining Inc. -4.41%
            LUM.V Lumina Gold Corp. -4.35%
            TLG.TO Troilus Gold Corp. -4.05%
            PZG Paramount Gold Nevada Corp. -3.86%
            GEO.L Empire Metals Limited -3.45%
            OLA.TO Orla Mining Ltd. -3.33%
            ATC.V ATAC Resources Ltd. -2.86%
            MQR.TO Monarch Gold Corporation -2.63%
            ESM.TO Euro Sun Mining Inc. -2.04%
            GSV Gold Standard Ventures Corp -2.00%
            BSR.V Bluestone Resources Inc. -1.68%
            RUP.V Rupert Resources Ltd. -1.11%
            FIL.V Filo Mining Corp. -1.09%
            CNL.TO Continental Gold Inc. -0.18%
            JOSE.TO Josemaria Resources Inc. 0.00%
            LPK.V Lupaka Gold Corp. 0.00%
            KER.TO Kerr Mines Inc. 0.00%
            AZM.AX Azumah Resources Limited 0.00%
            BSR.AX Bassari Resources Limited 0.00%
            SSP.V Gold X Mining Corp. 0.00%
            WGC.CN Winston Gold Corp. 0.00%
            ORX.V Orefinders Resources Inc. 0.00%
            GWA.V Gowest Gold Ltd. 0.00%
            LYD.TO Lydian International Limited 0.00%
            HRC.V Helio Resource Corp. 0.00%
            GOM.V Golden Dawn Minerals Inc. 0.00%
            DCN.AX Dacian Gold Limited 0.00%
            BEX.V Benton Resources Inc. 0.00%
            WAF.V West African Resources Limited +2.04%
            TML.TO Treasury Metals Inc. +2.22%
            TNGL Tonogold Resources, Inc. +7.12%
            LIO.V Lion One Metals Limited +7.41%
            MAE.V Maritime Resources Corp. +8.33%
            SFEG Santa Fe Gold Corporation +19.62%
            IMII Inception Mining, Inc. +31.58%

  11. On February 28, 2020 at 3:33 pm,
    Matthew says:

    Today’s low for gold was still $20+ above its quarterly Bollinger Bands. It never traded outside the BBs during the 7 years prior to Q2 2019. This is big-picture strength.

  12. On February 28, 2020 at 6:53 pm,
    Excelsior says:

    China February PMI – Yikes!!

  13. On February 28, 2020 at 7:00 pm,
    Excelsior says:

    @Goldfinger – “Maybe it’s a classic sentiment gauge but I’m glad i’m not attending PDAC (a few others appear to also have recently cancelled plans to attend)…the last thing I want to do right now is sit around with thousands of promoters telling me how great their story is.”

    “However, I will say there are tons of “bargains” out there right now….that’s of course if the world isn’t irreparably altered forever. I bought one stock today….just one. You probably don’t want to know which one judging by my P&L last week…. Enjoy your weekend everyone and remember there is a lot more to life than stocks, numbers on a screen, and money. Hug your friends and family, kiss your kids, and presence some gratitude for your life. “

    • On February 28, 2020 at 7:28 pm,
      Buzz says:

      Folks, I feel it in my bones, like 2001 Space Oddity, the regurgitating birth pains of a newly coined bull market in pm stocks. As usual, the big boyz are down there scooping up the babies from lukewarm bathwater–

  14. On February 28, 2020 at 9:08 pm,
    Excelsior says:

    Why Should You Have Exposure to Silver Now

    Keith Neumeyer & Jeff Clark – Cambridge House Int’l Show #VIDEO