Exclusive KE Report Commentary – Thu 6 Aug, 2020

A new guest, Michele Schneider discusses US markets and gold

Michele β€œMish” Schneider, Partner and Director of Trading Research & Education for MarketGauge.com joins me to share her thoughts on US markets, the US Dollar, and gold.

Click here to visit the Market Gauge website to follow along with her trading.

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Comments:
  1. On August 6, 2020 at 11:41 am,
    Matthew says:
  2. On August 6, 2020 at 11:44 am,
    Matthew says:

    I see UUP dropping at least another 3% from here before bouncing in any significant way:
    https://stockcharts.com/h-sc/ui?s=UUP&p=W&yr=4&mn=9&dy=0&id=p95445455885&a=724853187

    • On August 6, 2020 at 11:56 am,
      larry says:

      Matthew…maybe you could give an opinion on the ‘positive contribution’ blog a day ago…could you read please and cooment if I could make things clearer for Al to understand the fraud of rockefeller allopathic medicine and subsequent collapse of Americans health will raking in record profits…After reading, do you think he gets that dr. shills about how great it all is or never mentions the disaster it is….Considering months and hundreds of the best documentaries on it all he has been sent…is AL a believer in allopathic for some reason?

      • On August 6, 2020 at 12:35 pm,
        Matthew says:

        Larry, I think you have done more than should be required for anyone to wake up so I would not waste time with those lost causes that will never get it. There are millions and millions of such people and IQ usually not the problem.
        For many reasons, it’s the rare old dog that can be taught new tricks and Al is not one of them. I learned many years ago that his views are painfully and scarily mainstream so I don’t engage on political or other “heated” matters. The cognitive dissonance Al often shows is off the charts but that is true of the vast majority of people. It’s a Brave New World meets The Twilight Zone so I try to detach from it all most of the time.
        We’re screwed. 😁🍻

        • On August 6, 2020 at 12:44 pm,
          Bill says:

          Love Al
          But +1 Mathew…we are screwed.

        • On August 6, 2020 at 12:44 pm,
          OOTB Jerry says:

          Dang Matthew…..you might be scaring Larry away……..
          Now , I will be forced to hold up the political site by myself…. LOL…….. πŸ™‚
          I was hoping to get a rest after 11 yrs….. πŸ™‚

          • On August 6, 2020 at 1:52 pm,
            irishtony says:

            Jerry…Iv’e got your back…………Mate.

          • On August 6, 2020 at 1:53 pm,
            OOTB Jerry says:

            Thanks Irish……. πŸ™‚

          • On August 6, 2020 at 1:54 pm,
            OOTB Jerry says:

            Irish……you must be having a great day…..silver is back in style…….

          • On August 7, 2020 at 9:18 am,
            larry says:

            Fear?…I trade OOTB…So I embrace fear…lol…But not scared….I probably should be!…duff

        • On August 6, 2020 at 1:59 pm,
          Chris says:

          Amen. I have met Al at several conferences & he is a very good person. Best to leave it there………..

          • On August 6, 2020 at 2:08 pm,
            OOTB Jerry says:

            BIG OWL……..is a great guy………no doubt about that…..

  3. On August 6, 2020 at 11:48 am,
    Buzz says:

    Santa Cruz trading?

    • On August 6, 2020 at 12:03 pm,
      dw jones says:
      • On August 6, 2020 at 2:13 pm,
        Excelsior says:

        (SCZ) Santacruz Silver closed up 20.7% today, while many Silver miners pulled back down into the red. I guess it was worth the wait on the halt eh?

  4. On August 6, 2020 at 11:50 am,
    Matthew says:

    Pullbacks in the silver-gold ratio will be buying opportunities for silver. No important/major top is near…
    https://stockcharts.com/h-sc/ui?s=SLV%3AGLD&p=W&yr=7&mn=5&dy=0&id=p31722862422&a=726895578

    • On August 6, 2020 at 12:40 pm,
      OOTB Jerry says:

      Ditto………I agree…….

  5. On August 6, 2020 at 12:39 pm,
    OOTB Jerry says:

    Silver phyz……….up approx. 20% this week……looking good……

  6. On August 6, 2020 at 1:08 pm,
    Dick Tracy says:

    I just got in and the halt on Santacruz is over. Nice!!!!!! DT

    • On August 6, 2020 at 1:34 pm,
      Bill says:

      DT πŸ™‚ on SantaCruz. Others sank while metal flys….Tired I guess.

      • On August 6, 2020 at 2:16 pm,
        Excelsior says:

        Yep (SCZ) Santacruz Silver closed up 20.7% today. A well-deserved pop higher on the good news on ownership of mine #3 – Zimapan.

        • On August 6, 2020 at 2:20 pm,
          OOTB Jerry says:

          Now all is forgiven…..and they are back in good graces …… πŸ™‚

          • On August 6, 2020 at 2:42 pm,
            Dick Tracy says:

            Jerry, we must be careful on who’s toes we tread, some people can really their knickers in a knot and quick. I’m sticking with my buddy Bill and staying out of trouble! LOL! DT

          • On August 6, 2020 at 2:58 pm,
            OOTB Jerry says:

            Dang DT……..sure do not want to be a knicker twister…. πŸ™‚

  7. On August 6, 2020 at 1:47 pm,
    OOTB Jerry says:

    Magic………..silver hit $29,04

    • On August 6, 2020 at 1:56 pm,
      OOTB Jerry says:

      Looking good for the year….up over 75%……

    • On August 6, 2020 at 2:00 pm,
      irishtony says:

      Jerry….For what it’s worth i was not too happy about G & S going up too quickley , i would have been happier with a more gradual incline…but it is what it is . Now i know you hold platinum…..i believe IT could take off like a scalded cat. Keep an eye on it.

      • On August 6, 2020 at 2:06 pm,
        OOTB Jerry says:

        Thanks Irish…..for some reason……platinum is a slow learner… πŸ™‚

      • On August 6, 2020 at 2:07 pm,
        OOTB Jerry says:

        That beach ball under water effect…..is sure showing now…. πŸ™‚

  8. On August 6, 2020 at 2:07 pm,
    Chris says:

    Thank you Cory, enjoyed this interview! Ms Mish is a fine addition & seems able to think a bit β€œout of the box” which I appreciate πŸ‘

    • On August 6, 2020 at 2:13 pm,
      John Kruschke says:

      I think my old Girlfriend is thinking about me. Back in December I told her to put 20% of her 401k in Gold and Silver. $100 says she is wishing she had listened to me now.

      • On August 6, 2020 at 2:18 pm,
        OOTB Jerry says:

        I bet she is mad,………you only recommended 20%……..lol……

        • On August 6, 2020 at 2:34 pm,
          John Kruschke says:

          Good one Jerry.
          I usually recommend 10% but I was so sure of what was to come I started recommending 20%.
          I said do 80% in Silver and 20% in Gold.

          • On August 6, 2020 at 2:42 pm,
            John Kruschke says:

            Looks like the number I posted April 3rd for Gold is going to be low as well.
            Quote ” I ran the numbers and I came up with a one year price target for Gold.
            $2,360.27
            That is the “Ponzi” physical number of the 2021 April futures contract.

          • On August 6, 2020 at 3:00 pm,
            OOTB Jerry says:

            You are going to be real close John……..Gann Reported today…. $2342…..as a low target

  9. On August 6, 2020 at 3:20 pm,
    Bill says:

    Been scanning Thanks for comments guys.
    Mathew you kept me in the game…..Your insights confirm my thoughts but I’m too chicken $hit to trust myself LOL

  10. On August 6, 2020 at 6:04 pm,
    confused says:

    Okay MAtt, I’ve never seen silver make a 6$ move in a week and most of the stocks are down!!?? We r .50 cents from 30 dollars…I don’t get it. This is going to at least 35$ sooner than later and the stocks are completely disconnected. You mentioned a “steath-correction is silver stock a few weeks ago that started in April or was it MAy? Anyway so many silver shares are not even at their 2016 sub 22$ high. We are 7.5 dollars above that now. Can you throw some light on this extremely insane situation? This is a Major Coil that will double the stocks if silver keeps on trucking here non?? Nobody believes this move!! Uncle silver is a confusing guy!:)

    • On August 6, 2020 at 6:55 pm,
      Excelsior says:

      Agreed confused. I posted this over at ceo.ca and nobody could answer the final question.

      2/3 of $Silver Producers sold off today as did the Silver miners ETFs (SIL) and (SILJ), as the futures price of the metal pierced up through $29.

      > Question: Can Silver Producers make money at $29 Silver?

      Answer: Yes, all of them can over $20-$22.

      >> When Silver shot to $23, $24, $25, $26, $27, $28, and $29 are these $Silver #Producers or #Developers economic margins improving?

      Answer: Yes

      >>> Why are so many stocks selling off then as Silver keeps ratcheting to new highs?

    • On August 6, 2020 at 7:06 pm,
      Matthew says:

      Confused, I can only guess about all the reasons for what we are seeing but there are probably many.
      I think the big-money pros are focused on the hot item itself rather than its “derivative” miners. There’s a ton of leverage to be had in futures trading so why complicate and to your risks with all that mining entails? Meanwhile, big generalist funds looking to get exposure for the first time probably feel more comfortable with the counter-party-risk-free metal than with the miners. Then you have those who won’t buy the miners until they are sure that the metal isn’t going to fall right back down again, and still others who really want to buy but psychologically just can’t (yet) because it took off without them. Whatever it is, I’m not worried about it. This is not 2010-11 in any way so the divergent behavior is not a sign that the sector is going to crater.
      Between covid and summertime activities/distractions, how many retail investors are even paying attention?

      The fundamentals always have their way and there’s nothing on the charts to suggest that those fundamentals are unfriendly to our bets.

      SILJ just blasted 150% higher versus gold since the March low so a little period of consolidation makes perfect sense.
      This is nothing but a bullish picture and the monthly chart is on board (won’t be a limiting factor).
      SILJ:gold might now dip for a few days but then it will fly and our leverage to the metals will be back in a big way.
      https://stockcharts.com/h-sc/ui?s=SILJ%3A%24GOLD&p=W&yr=3&mn=11&dy=0&id=p97553303797

      • On August 6, 2020 at 7:28 pm,
        Matthew says:

        Correction, third line: “why complicate and ADD to your risks…”

      • On August 7, 2020 at 10:33 am,
        GrowingTrees says:

        Thank you Matthew for always putting your commentary in the public. Much appreciated what you do around here.

        • On August 7, 2020 at 11:28 am,
          Matthew says:

          GT, you’re welcome. I’m glad if it’s helpful.

  11. On August 7, 2020 at 7:15 am,
    David says:

    Counter-intuitive structured and fabricated bullion bank and hedge fund attack by insider activity for the benefit of personal and political gain. Just a guess based on appearances.

  12. On August 7, 2020 at 8:52 am,
    David says:

    Composing my Thank You letter to Eric Sprott for mentioning Brixton today. ES loves Silver.

    • On August 7, 2020 at 3:24 pm,
      Excelsior says:

      Yeah, he gave Brixton the Sprott pop. I sold a bit more into the strength today and now only have half my position left.