Erik Wetterling - The Hedgeless Horseman – Thu 16 Jul, 2020

Precious Metal Stock Valuations – Limiting downside risk while still having major upside potential

Erik Wetterling joins me to discuss what he looks for in metals stocks when looking at current valuations. In the last few months pretty much every precious metals stock has moved higher. Now is a good time to find those stocks that have solid assets that will limit the downside risk.

Click here to visit Erik’s website – The Hedgeless Horseman.

View related posts on:

Comments:
  1. On July 16, 2020 at 10:36 am,
    Matthew says:

    This pullback is for buying but I wonder how many will do so.
    https://stockcharts.com/h-sc/ui?s=%24HUI&p=D&yr=1&mn=7&dy=0&id=p34129538697&a=640682620

  2. On July 16, 2020 at 10:54 am,
    The Hedgeless Horseman says:

    This might have been my most chaotic rants to date…
    Did I get across any points I wonder hmm 😀

    • On July 16, 2020 at 11:03 am,
      John Kruschke says:

      I for one appreciate your blunt honesty.

      • On July 17, 2020 at 2:01 am,
        The Hedgeless Horseman says:

        Good! 🙂 The more I learn and see the more I wonder what I am doing in this space hehe. Well, there are a few gems and catching a perhaps once in a lifetime gold bull could be everything one needs in a lifetime!

    • On July 16, 2020 at 11:11 am,
      Marc Ginsberg says:

      You did. Good interview.

      • On July 17, 2020 at 2:01 am,
        The Hedgeless Horseman says:

        Thanks Marcy Marc!

    • On July 16, 2020 at 11:39 am,
      SilverDollar says:

      You give one some things to ponder if he’s lucky enough to have a winning Jr. Thanks. Well worth the listen.

      • On July 17, 2020 at 2:03 am,
        The Hedgeless Horseman says:

        What I find relatively easy is when to spot when one is buying cheap and the risks are to the upside… What I find hard is to appreciate how far an uptrend can take a particular stock. I mean it was probably irrationally cheap at the bottom so why wouldn’t I expect it to perhaps get irrationally expensive before a new leg down? hmm

    • On July 16, 2020 at 1:47 pm,
      Excelsior says:

      We appreciate your chaotic rants here amigo, and expect nothing less from The Hedgeless Horseman. 😉

      You lay out your thoughts well and there are always some interesting insights to be gained in listening to how other investors approach the resource markets and their individual strategies.

      Cheers!

      • On July 17, 2020 at 2:04 am,
        The Hedgeless Horseman says:

        A bit funny that I thought it was just a clever nick name but I pretty much am hedgeless as well hehe. I hope so! I think I have a different background than most at least.

        Thanks mate!

        • On July 17, 2020 at 8:47 am,
          Excelsior says:

          Haha! Yes the real “Hedgeless” Horseman. “Look mom… no hedge! ”

          I was impressed when we first chatted that your background that got you into mining stocks was as a poker player, and remarked then, yeah you’ll do well in Jr mining. 🙂

          “You’ve got to know when to hold ’em
          Know when to fold ’em
          Know when to walk away
          And know when to run…”

          — Kenny Rogers “The Gambler”

          >> Always good to get your thoughts amigo.

  3. On July 16, 2020 at 10:59 am,
    Glenfidish says:

    It definitely is for buying! The bottom comes in today or tomorrow. Next week will be fireworks.

    Silver killing it and impact on its way to greater heights..

    Nothing has changed just patience as always.

    I’ve been called a nut lol, but I’m personally having one of the best years in my portfolio. Not trimmed, sold, combed, styled, chopped, condensed on share long or short!

    Gold remains in target within this cycle to go and attack $1820-$1840 first followed by $1840-$1880 next.

    My silver call for year end $29-$30 dollars is still in the table. $35-$40 plus once gold breaks out of all time high next year 2021-2022

    Scorpion looks like it’s getting ready to lift off! Just my own thoughts

    Glen

    • On July 16, 2020 at 4:57 pm,
      Wolfster says:

      Just a feeling on Scorpio???

    • On July 16, 2020 at 5:41 pm,
      Ozibatla says:

      $29-$30 for silver by years end? I would be surprised if that occurred Glenfidish but who knows in this crazy world. That prediction is not crazy though in my mind.

      • On July 17, 2020 at 9:47 am,
        Excelsior says:

        Agreed Ozibatla. There is significant resistance at about $26- $26.50 for Silver, so I’d be surprised to see Silver at $30 by year’s end, but if it really piled on caused a massive short squeeze then it is possible, just not as probable.

        Again, targets like that are getting way ahead of themselves, as Silver is still having the daily knife fight with last year’s high of $19.75. It would be technically very bullish to close today on the weekly candle above last year’s high, and earlier it got up to $19.78, and then currently is 2 ticks below it at $19.73.

        Let’s see Sllver close above $19.75 today, which sets up the next upside line in the sand – the 2016 surge high of $21.23. Once that level is cleared definitively on a closing basis, then the real fireworks can start, and a move to mid $20’s will be possible.

        • On July 17, 2020 at 1:19 pm,
          Excelsior says:

          Silver closed exactly at $19.75 today. It would have been nice to see the weekly close at $19.76 or higher, but hell it is still a very bullish move and weekly close.

          • On July 17, 2020 at 2:30 pm,
            Excelsior says:

            Update: Correction, Stockcharts is showing Silver closing at $19.76. It was above it’s 2019 high of $19.75 several times this week, and that’s the highest weekly close in 4 years. Very constructive for Silver.

            http://schrts.co/jBYFkCxQ

        • On July 17, 2020 at 5:05 pm,
          Glenfidish says:

          Again I completely disagree which your approach. You seem like a text book guy who comes across very conservative. Page 1, page 2 etc and that’s fine ex but I’m way more aggressive and I have done extremely well with my approach.

          Im fact o will go back to the conversations we have had and your language is always after the fact On moves and never in real time. Your always trimming which reminds me of a few others in here and always seem bearish when I’m fact gold is in the move. You play an angle is to not be “ trapped” but I see through it and I think others do as well.

          So I differ and believe silver will hit 29/30 and not because of what you are saying. It will probably reach those targets because if you blow up a chart it’s screams silver is on a serious run. Few get it. I believe you part of the few with all respect. Just an observation.

      • On July 17, 2020 at 5:00 pm,
        Glenfidish says:

        I wouldn’t be surprised as most don’t see what’s coming and very few make pocket change. Just my own thoughts. People will play conservative 24-26 nonsense because that what they think it should be. The fact of the matter is the market moves to its own tune.

        Im glad you have an open mind. What you will always get from me that few do I’m here is out calls out on real time and numbers. I don’t play conservative and for sure don’t play the if it goes to A and than b it will go to c.. lol that’s nonse for me like avi. I’ve fine tuned my way of investing and I think I hold myself pretty strong. Matt is witness that I nailed 20.80 recently on my etf bull which very few could have had. Believe it or not those calculations were based on previous work and I nailed it.

        So when people say anything can happen, I hope you understand that I plan out each trade and research wayyyh before my moves and I have done well.

        Cheers and thanks for your response

  4. On July 16, 2020 at 11:02 am,
    Glenfidish says:

    Erik,

    A conservative approach is always wise! My saying is always it’s not a race but a marathon. Thanks for your thoughts.

  5. On July 16, 2020 at 11:20 am,
    Matthew says:

    An interesting short piece by Steven Saville:
    https://tsi-blog.com/2020/07/why-silver-will-outperform-gold-over-the-coming-year/

    Like Bob Hoye, Saville shows how the gold-silver ratio is like a credit spread.