Weekend Show – Sat 6 Jun, 2020

Hour 1 – Jesse Felder and Doc – US Dollar, US Economy, and Metals

Full First hour

On this weekend’s show I feature extended interviews with Jesse Fedler and Richard Postma, or as you all know him, Doc. We discuss everything from central bank actions impacting markets and currencies to how the COVID lock-down will impact economies for years to come.

Please be sure to checkout the editorials and all the company updates throughout the week. Keep in touch by emailing me at Fleck@kereport.com.

  • Segment 1 and 2 – Jesse Felder kicks off the show with a close look at the US Dollar’s recent pullback. We discuss the impact of a falling dollar both domestically and around the world. We also look at all the money printing by the Fed, it’s impact on the markets, and who’s stepping in to the treasury market.
  • Segment 3 and 4 – Richard Postma is back! We start off discussing Doc’s thoughts on the COVID shutdown. We then get into his outlook for US markets and precious metals.

Exclusive Company Updates This Week


Jesse Felder
Richard Postma

Comments:
  1. On June 6, 2020 at 3:49 am,
    Excelsior says:

    Thanks Cory, Big Al, and all the KER Contributors for another great week of daily editorials and the weekend show. Ever Upward!

  2. On June 6, 2020 at 6:04 am,
    Chartster says:

    Great show with Jesse and Doc.

    Interesting comments from both Doc and Jesse about the fed. The Japanification of the fed.
    Being that the banks like Deutsche bank and JPM Chase are no longer issuing pension paper and there is a huge deficit of pension paper. Maybe the fed buying stocks and ETFs to issue paper and keep the stock market stable,, saves the day. Along with the treasury issuing massive amounts of bonds.
    Not QE, but a change of financial structure.

    Speaking of T bonds. They are about to drop like a rock, and the yields should go up fast right here. Not good for gold (I think).

  3. On June 6, 2020 at 7:52 am,
    PAUL MONTGOMERY says:

    Great interviews!
    What is the name of that Gold stock Doc mentioned please – sounds like SENA?

    • On June 6, 2020 at 3:13 pm,
      David says:

      Sounded like Doc said Skeena which I think is Skeena Resources. It has had a good move over the last year.

  4. On June 6, 2020 at 7:58 am,
    SilverDollar says:

    Thanks for the week’s production of interviews Cory. Things are disrupted like never before for so many…..interesting time to be alive!
    Jesse really brings some major perspective to the downtrend in the dollar. Negativity liquidity that he describes hasn’t been mentioned by anyone else I read. Very important observation!
    Sold my BBBY at $8.50 (a bit early) but very happy with the 70% profit in a month.

  5. On June 6, 2020 at 9:08 am,
    Dan, calgary says:

    Death cross for silver for the next bit?

    https://stockcharts.com/h-sc/ui?s=$GOLD:$SILVER

    Will listen to the program later today.

    • On June 6, 2020 at 10:42 am,
      Matthew says:

      I’d say counter-trend correction (“relief rally”):
      https://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24SILVER&p=W&yr=4&mn=0&dy=0&id=p22448972528

      • On June 6, 2020 at 11:11 am,
        Dan, calgary says:

        Thanks for the charts! Very helpful, I am thinking 1 to 3 week rebound and then a continued move IMHO only. BTW, this is the most I have ever agreed with Doc, great show.

    • On June 6, 2020 at 10:44 am,
      Matthew says:
      • On June 6, 2020 at 10:50 am,
        Matthew says:

        Silver was very overbought versus gold as it reached the 233 day EMA:
        https://stockcharts.com/h-sc/ui?s=%24SILVER%3A%24GOLD&p=D&yr=1&mn=2&dy=0&id=p70863721371&a=751766353

        • On June 6, 2020 at 3:33 pm,
          Charles says:

          Hi Matthew – Do you expect that gap to be filled over the next few weeks or are you thinking it won’t get that low?

          • On June 6, 2020 at 9:11 pm,
            Matthew says:

            Right now I’m guessing that it won’t but that’s a low confidence guess since silver topped more than six weeks after gold and is on daily chart sell signals while gold is probably about to turn up. Incidentally, a “382” retracement of the move off of the march low would fill the gap.
            If it does happen, it will probably be in the coming week.
            An argument against it is how much better silver’s weekly chart looks (aside from that bearish engulfing candle!)…

            https://stockcharts.com/h-sc/ui?s=%24SILVER&p=W&yr=3&mn=2&dy=0&id=p18514245683

          • On June 7, 2020 at 8:15 am,
            Charles says:

            Even in the weekly the moving averages look like they need to consolidate some even if its just sideways trade. Are you rotating a bit more into the gold stocks from silver or building any cash. I did raise some cash early last week and redeployed in some names that haven’t move much. I did end up buying a bit more Brixton on the pull back.

          • On June 7, 2020 at 10:34 am,
            Matthew says:

            Silver’s weekly chart could take some sideways action and still be in better shape than gold which looks ‘heavy” here (and is a clear weekly sell vs silver).
            I did raise some cash and have redeployed most of it but the rest is sitting in COMT which is up nicely since and will be my piggy bank to raid if I need to.

            I think you will be very happy you picked up more Brixton. Sprott doesn’t make casual bets and when I take significant positions, neither do I. Brixton’s management is approaching their properties the way I prefer by not diluting me out of my leverage with aggressive development plans which also add a lot of risk.

            https://youtu.be/_eyjERHx_Fs?t=1152

          • On June 7, 2020 at 10:34 am,
            Matthew says:
          • On June 7, 2020 at 5:28 pm,
            Charles says:

            Thanks for sharing your thoughts. Never heard of COMT. Any reason you chose that commodity fund or was it just the chart.

          • On June 7, 2020 at 7:09 pm,
            Matthew says:

            Mostly the chart but I did look into some details first. It looked like a good place to store a little short term cash and it has been. It’s not very liquid though and the bid/ask spread gets pretty wide regularly. Only “limit” orders make sense for this one.

          • On June 8, 2020 at 6:31 am,
            Charles says:

            Gotcha – Thanks.

      • On June 6, 2020 at 10:54 am,
        Matthew says:

        From a big-picture perspective, the GSR is at a very important area of support. It would be great news if it finishes June below about 93.5…
        (Sorry, monthly chart)
        https://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24SILVER&p=M&yr=20&mn=9&dy=0&id=p93153531747&a=759975914

  6. On June 6, 2020 at 9:18 am,
    Dan, calgary says:

    Proud new owner of a Calgary based international well services company, Calfrac Well Services.

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

  7. On June 6, 2020 at 10:47 am,
    Jason says:

    TA and FA does not work on the Printing Press.

    • On June 6, 2020 at 10:56 am,
      Matthew says:

      TA absolutely does.

  8. On June 6, 2020 at 11:00 am,
    Ebolan says:

    Re: Segment 2

    Old and forgetful?

  9. On June 6, 2020 at 12:26 pm,
    Wolfster says:

    Another great week and weekend of shows gentlemen…..for those following orezone there was a definite pickup in volume Friday afternoon in the warrants which some days don’t even trade at all. Nothing spectacular but certainly of interest.

  10. On June 6, 2020 at 3:26 pm,
    Wolfster says:

    Try it again. Not sure if this was posted already this week. Interview with Jim McDonald of Kootenay

    https://m.youtube.com/watch?v=LSnlcrTUbYc

  11. On June 6, 2020 at 5:36 pm,
    David says:

    So many opinions. I think the false data put out for the unemployment numbers has temporary altered the Governments computer interference. Let’s see how the highly political events surrounding “another Fed meeting” gets metal interference. Not sure if they can alter any of the problems facing the economy except for markets.

  12. On June 7, 2020 at 2:13 pm,
    mineralsrmoney says:

    Great show guys. Nice hearing from Doc and concur with his assessment on the Silver equities/stocks. Some further consolidation via Time; Price or a combination thereof would be extremely healthy. Some of the strongest technical set-UPS can be found in the silver equities.

    • On June 7, 2020 at 7:13 pm,
      Excelsior says:

      Agreed CFS. I’m a big fan of mining, but surely Rio Tinto has a way to monetize their properties without destroying some of the oldest archaeological sites of modern humans in the process. Shame on them.

      ___________________________________________________

      “Mining giant Rio Tinto has destroyed something so ancient in WA it’s hard to fathom with a human brain.”

      “Two rock shelters, recognized as one of Australia’s oldest known Aboriginal heritage sites — with evidence of human occupation from over 46,000 years ago — were destroyed last weekend.”

      “This site was something special. It was a massive cave, it had such a rich cultural deposit, such an old occupation.

      “And so significant in that respect, that it’s one of those sites you only excavate once or twice in your career.”

      “How can we put the loss into perspective? Can our brains comprehend deep time?”

      “According to historians, written language was invented around 5,500 years ago. The Great Pyramid of Giza, the oldest of the seven wonders of the ancient world, was constructed around 4,500 years ago.”

      “So go back a further 40,000-odd years.”

      “Peter Stone, a world-renowned archaeologist and UNESCO chair in Cultural Property Protection and Peace at Newcastle University in the UK, said the destruction of the rock shelters was comparable to the Islamic State’s destruction of Palmrya.”

      https://www.abc.net.au/news/2020-05-31/wa-heritage-destroyed-by-rio-tinto-example-of-national-trend/12305298

      • On June 8, 2020 at 5:57 am,
        OOTB Jerry says:

        Wait till they start mining in the Grand Canyon………..looking for the missing gold, that BIX WEIR, says is there…… hummm

  13. On June 7, 2020 at 6:58 pm,
    Excelsior says:

    (DML) (DNN) Denison Mines Corp Delivers Independent “Proof of Concept” for ISR Method
    June 4, 2020 – Uranium Developer

    “Dension announced that the hydrogeologic model for the Phoenix deposit produced an independent “proof of concept” for the application of the in-situ recovery (ISR) mining method at Phoenix.”

    http://uraniumequities.com/uranium-reports/2020/06/TD_DML_June4_2020.pdf

    • On June 8, 2020 at 9:34 am,
      Dick Tracy says:

      Hi Ex, I have followed Denison Mines for more years than I care to count as the old saying goes. To me it’s like watching cars rust, I can see the potential but it may not be in my lifetime, maybe this time it will be different. DT

      • On June 8, 2020 at 10:50 am,
        Excelsior says:

        DT – I feel ya there, and have been in and out of Denison a number of times since 2010. However, as they move things along with their development project that will use in-situ mining methods in the Athabasca (a process some Uranium old timers are hating on and throwing shade at, since they doubt it will work), I see an interesting value proposition growing between where they are, and where they may get rerated if their thesis plays out. In addition Denison has a number of other value drivers like their hardrock deposits, 20% owership of one of the 2 active mills in the Athabasca Basin, their 24% ownership stake in Goviex in Africa, their consulting fees for managing the Uranium Participation fund (U.TO), and their division that does remediation business.

        I just started sticking my toe in the water last week trying to get a tracking position started, and will likely be adding to that in tranches over the next few weeks and months.

        I’ve been invested in the U space mostly with Energy Fuels, Ur-Energy, UEC, NexGen, and Anfield for the last 2 years, but am adding Dension, and may add Peninsula, Azaraga, IsoEnergy, Purepoint, Skyharbour, UEX, ALX Uranium, or the nuclear fuel companies Centrus and Lightbridge to the mix down the road.

        We’ll see how it goes….

  14. On June 7, 2020 at 11:19 pm,
    Excelsior says:

    Bidding war for (GUY) Guyana Goldfields heats up

    Cecilia Jamasmie | June 4, 2020

    https://www.mining.com/bidding-war-for-guyana-goldfields-heats-up/

  15. On June 7, 2020 at 11:39 pm,
    Excelsior says:

    Daniel Lacalle @dlacalle_IA 06/07/2020 on Twitter:

    “The Labor Department “accidentally” miscounted 4.9 million laid off people as employed, bringing unemployment to 16.1%, via @RSInvestor”

    https://twitter.com/dlacalle_IA/status/1269523121050173442

  16. On June 8, 2020 at 12:05 am,
    Excelsior says:

    The End Game Ep. 1 – The Art Of Short Selling & A Mystery Guest
    June 7, 2020 #AudioInterview

    “Bill Fleckenstein and Grant Williams embark on a journey to try and piece together what The End Game for financial markets might look like. Will central banks have the printing press taken away from them by the bond market or will we achieve what Bill terms ‘Cold Fusion’?”

    https://ttmygh.podbean.com/e/teg_0001/

    • On June 8, 2020 at 8:37 am,
      Excelsior says:

      This was one of the better discussions about short-selling from a macro perspective and the psychology behind it that I can remember. They discuss how the lack of enforcement of fraudulent companies and the constant changing of government policy has changed the short-selling market a great deal from where things were in decades past, as the FED juices markets higher and higher.

      The only guy missing in their discussion was good ole’ Rick Ackerman.

      • On June 8, 2020 at 10:29 am,
        David says:

        Ex:
        Thanks for finding this discussion. It is an outstanding discussions that highlights the problems with the entire market system and the Federal Government. This should be a must listen whether you short or not. It puts everything you’ve learned over your lifetime about fundamentals and technical in another light. If I was a technical guy, I would Always factor in the actions of the Fed (if not a secret from the public) in every technical equation if possible, as Fed policies are not in line with long term economic beliefs…on pupose. Great Find.

        • On June 8, 2020 at 10:42 am,
          Excelsior says:

          Agreed David. As Bill F. mentioned, for him the FED has been more a factor than the fundamentals. That has been a hard pill to swallow for many, especially coming out of the 08-09 Great Financial Crisis. This is also true globally of central bank policies in many nations Japan, China, and most of countries within the European Union.

          Definitely a good conversation and the first podcast of many between Grant & Bill.

          • On June 8, 2020 at 12:17 pm,
            David says:

            All 3 of the guys seemed truthful and I found it very interesting that two life long short traders like Bill F and Mark ? (never heard of before), would swear off shorting the fake general markets (which are counter intuitive to reality) because of Fed and Gov intervention. That says a lot about US corruption. However, I would like to hear a lot more of the 3 of them and whoever else they let join them. Grant Williams has always been informative and Bill F has long been interesting on King World News. The Mark guy is very colorful and nobody seemed to argue with Mark’s self assessment of being the best short trader around. Good stuff. I hope they let us know when the next discussion is. Time to grab a beer and bar nuts and listen in.

  17. On June 8, 2020 at 8:06 am,
    Excelsior says:

    (SMT) (SMTS) Sierra Metals Restarting Operations in Peru and Prepares to Ramp up to Full Capacity

    @businesswire on 5 Jun 2020

    https://ceo.ca/@businesswire/sierra-metals-restarting-operations-in-peru-and-prepares

  18. On June 8, 2020 at 10:37 am,
    Excelsior says:

    For any of the Zincsters out there….

    (TV) Trevali mining up 43% on huge volume surge. It’s pulled back to 37%+ gain thus far.

    Earlier today (TI) Titan Mining was up 30% but pulled back a bit, still up 20%

    Pasinex Resources (PSE) up 100% on the day.

    Lots of double-digit or high single-digit gains today in Zinc stocks.

    One day doesn’t make a trend, but still it seems like buying just poured into the Zinc/Lead stocks today.

  19. On June 11, 2020 at 8:01 pm,
    cmc says:

    Thanks, Doc. Great interview! Very good to hear you, again.