Weekend Show – Sat 10 Oct, 2020

Hour 1 – Taking toll of the big picture for investors: Volatility, Monetary Policy, and Election Results

I hope everyone in Canada has a great Thanksgiving long weekend and a good Columbus Day in the US. This weekend’s show is focus on the general investing environment looking past all the noise form the US election.

Please keep the emails coming to Fleck@kereport.com.

  • Segment 1 – Jesse Felder kicks off the show by outlining the current rotation that is driving markets higher. We also look at the energy sector which is one of the most hated sectors in the world. This can be a good sign for those looking for value.
  • Segment 2 – Mike Larson is up next with an overview of money printing in the US and around the world. What really matters is the spending and policies that will happen after the election.
  • Segment 3 – Chris Temple joins us to breakdown the different government policies we can expect after the election.
  • Segment 4 – I feature the interview with Maple Gold Mines from early this week. Maple signed a major JV with Agnico Eagle that is a huge development for the Company.

Exclusive Company Interviews This Week


Jesse Fedler
Mike Larson
Chris Temple
Maple Gold Mines

Comments:
  1. On October 10, 2020 at 5:10 am,
    cfs says:

    I greatly fear that civil discord and violence will affect everything in the U.S. after the election.
    It appears to me that the media is promoting a Biden victory.(I do not see any basis for this, since it is quite clear the DNC is focused on creating civil unrest AND RIOTING.)

    • On October 10, 2020 at 5:57 am,
      cfs says:

      The vitriol of violence…..

      https://www.youtube.com/watch?v=bqLisTP-OwQ

    • On October 10, 2020 at 9:48 am,
      chris says:

      I appreciate your comments on this subject CFS. Only Chris T made a small comment on this possibility. It appears to me that no one wants to touch the subject of what happens to our economy & investments if civil disorder/riots/burn it down come from a close election. I will not get into life styles which is a different subject entirely.

  2. On October 10, 2020 at 5:17 am,
    cfs says:

    It is also clear that Republicans believe that Democrats are intent on stealing the election via fraudulent mail-in ballots.
    Given this belief it is possible Republicans will not accept the election results.
    It is easy to envision a situation wherein Democrats fed by media distortion won’t accept a loss AND republicans In this event, could we have a military coup or civil war?, believing in mail-in fraud also will not accept a loss.

  3. On October 10, 2020 at 5:42 am,
    CFS says:

    https://www.youtube.com/watch?v=Ebk_vPIUbR8

    In Southern Italy, where it is not uncommon to build shade structures for cars to park underneath, it is also common to see solar panels as the roof.

    • On October 10, 2020 at 7:07 am,
      MNA says:

      Shade for cars in Arizona at schools, condos, etc. is increasingly covered with solar panels.

  4. On October 10, 2020 at 9:05 am,
    SilverDollar says:

    I like Chris’ thoughts on the markets liking a clear victory by one or the other than a close (unknown winner). Not a lot of writing on that outcome. Jesse’s thoughts on the energy sector will likely be something to keep an eye on and perhaps even purchase now with some of the early gold profits. JMO…….Thanks for the show Cory.

  5. On October 10, 2020 at 9:42 am,
    CFS says:

    Michael Oliver on King World News:
    https://kingworldnews.com/michael-oliver-10-10-2020/
    I disagree with Mr. Oliver only in that I do not expect a dollar CRASH, but rather a steady decline.

  6. On October 10, 2020 at 10:44 am,
    chris says:

    Latest from Gary today. short version, long stocks & PM’s, bearish USD.
    https://blog.smartmoneytrackerpremium.com/

  7. On October 10, 2020 at 12:40 pm,
    Matthew says:
    • On October 10, 2020 at 12:43 pm,
      Matthew says:
      • On October 10, 2020 at 2:18 pm,
        Canuckski says:

        I like the sound of that Matthew!
        I’m trying to balance the timing of targets between your calling a mid-30’s silver number (which I interpret to be within next 1-3 months – maybe wrongly interpreted) vs Glenfidish’s call of a low coming in next 1 or so weeks, then upward.
        Thanks always Matthew.

        • On October 10, 2020 at 3:38 pm,
          Matthew says:

          One month would surprise me, three would not. I don’t know when it will happen but many I have come across on other sites think that the whole sector is in for a long, drawn-out correction/consolidation. I think they are early and that what they are envisioning will come after one more big move that could last many months.

        • On October 11, 2020 at 8:13 am,
          Wolfster says:

          Why not go with Wolfsters rose coloured glasses??? Believe I called short term range bound between $1820-1900 for gold…..who knew short term was a few days.lol…….I’m with Matthew and think we have another move to new highs in gold before years end

  8. On October 10, 2020 at 5:26 pm,
    Matthew says:
    • On October 12, 2020 at 9:31 am,
      Glenfidish says:

      Gold update!

      Jerry forgive me for the delay as I wanted to be as clear as possible with this update and time has allowed for such thing..

      At this precise moment tranche 3 and 4 as stated many times has not been deployed.. I’m quite happy with my tranche 1/2 purchases a few weeks ago. Regardless of the “ fact” I have not sold anything long term or short term and that for itself has been evidently clear the light this year something others were not willing to do in real terms. The good guys in here express before the facts and that’s knowledge I appreciate and respect. With that being said, has gold bottomed? It’s quite possible and I give it a 51% probability.

      This means the bottom looks surely in but I will not rule out a smash and my prediction of making a lower monthly before turning and finishing the monthly candle green.. Regardless of this my prediction and method allowed me and many others to have been more conservative In nature by playing the tranches and not selling anything long term or buying prematurely..

      We still have a full three weeks to the end of the month and anything is possible, but test assure my only reason for a lower candle followed by closing higher would be to really shake out the late so called bulls and destroy the bears. From a sentiment point of view I feel it’s still to bullish but we can always correct harder from higher prices. Regardless we are positioned to go higher and higher we will go as this bull has plenty of legs..

      To Matthew thanks for your charts as always there hard work and extreme dedication to the craft. I’ve been following closely.

      To wolf great short term call on that $1820 bottom give or take. We all appreciate your technical analysis and it’s well respected. Keep sharing more often when you can.

      So to end my gold update I will not cause confusion or blow smoke out of my ass lol as I’m straight shooter.. I have skin in the game and two tranches have been used. I’m leveraged both ways no matter what. If Santa Claus drops a bomb this week downwards well we shall be waiting if not, we will make a killing the other way and ride this intermediate ride to its top which can be anywhere between 4-12 weeks before a top. This next move up should be a wild one.. That would be the top that I would expect a much deeper correction from something discussed with May before. Let’s enjoy whatever comes and if you want to be a buyer here I would be very cautious but if you dare than the bull regardless of movement down will still propel you up in the coming months.. my point is you can’t lose sit tight..

      Happy thanksgiving to all from Canada!

      Glen

      • On October 12, 2020 at 10:49 am,
        Glenfidish says:

        May=matt

      • On October 12, 2020 at 11:14 am,
        OOTB Jerry says:

        Glen……………….THANKS FOR THE UPDATE…………….Appreciate the comments as always…..

  9. On October 10, 2020 at 5:36 pm,
    Matthew says:
  10. On October 10, 2020 at 6:10 pm,
    Charles says:

    Brixton, Impact and USAS are currently my three largest silver positions and all look great! Thanks for the charts Matthew!

    • On October 10, 2020 at 6:29 pm,
      Matthew says:
      • On October 10, 2020 at 11:52 pm,
        pyrite says:

        Hello Matthew,
        Thoughts on Enbridge and other Canadian names like CNQ, CVE, ERF, SU & VET?
        Suncor(SU) is my largest position.
        Thanks.

        • On October 11, 2020 at 11:14 am,
          Matthew says:

          Hello Pyrite, based on the charts, I think all of those have put in long term lows and are going higher from here. My favorites based on the charts and a shallow look at some stats are CVE and CNQ followed by ERF and VET. ENB and SU tie for last place. I am not an expert on any of those or even the space in general so hopefully others will share their views.

      • On October 11, 2020 at 7:53 am,
        Charles says:

        EPD is a great pick. I managed a trust for the founder when I was at JPM. The company prints money.

        • On October 11, 2020 at 11:16 am,
          Matthew says:

          EPD is by far my largest pipeline position!

          • On October 11, 2020 at 12:37 pm,
            pyrite says:

            Thanks for the reply.

          • On October 11, 2020 at 1:27 pm,
            CaliJoe says:

            Matthew,
            What are your thoughts on XOM? Thinking of taking a big position in Exxon.
            Thank you!

          • On October 11, 2020 at 2:15 pm,
            Matthew says:

            CaliJoe, I think the daily chart gap below $32 is safe and will remain open. I also think that it probably bottomed versus gold on Oct. 2nd, at least for awhile.
            From here, the speed of its recovery will obviously depend on the oil price and there’s good reason for optimism on that front, in my opinion.
            The gold/silver miners appear ready to beat the world again so that’s where I am forcing my focus but I intend to pay much more attention to the energy sector in the weeks/months ahead. Since I believe we’re looking at a new secular bull market in energy and commodities in general, I am not going to rush my positioning and am fine with doing a little careful price-chasing.
            A lot of conservative money will enter XOM above 40 but I would be more inclined to attempt to get a better deal as your are doing.
            It is acting well after testing an important fork support:
            https://stockcharts.com/h-sc/ui?s=XOM&p=W&yr=7&mn=3&dy=0&id=p37635920278&a=752856310

          • On October 12, 2020 at 5:28 am,
            CaliJoe says:

            Thanks Matthew! Going to start accumulating a little by little.

    • On October 10, 2020 at 6:42 pm,
      Matthew says:

      MUX is the miner that I’ve been buying the most lately and it also “suddenly” looks great:
      https://stockcharts.com/h-sc/ui?s=MUX&p=D&yr=0&mn=7&dy=0&id=p62633761322&a=824766684

  11. On October 10, 2020 at 8:22 pm,
    markedtofuture says:

    Armstrong – To TRULY understand the future path of the precious metals, we have to honestly look at the past and shed this absurd theory that an increase in money supply will create hyperinflation and only gold will survive. That has NEVER taken place in the history of any hyperinflation – EVER! Even the German hyperinflation ended with a new currency in 1925 backed by real estate. Moreover, the Fed’s number of M2 money supply was $1.5 trillion in 1980 while it was $18.6 trillion by the end of September 2020. Since the 1980 high in $gold was $875, that theory means gold should be $10,850 right now. That proves all that yelling and screaming is just sophistry not based on real analysis.

    https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/the-2020-gold-silver-ratio-report/

    • On October 10, 2020 at 10:25 pm,
      Matthew says:

      There’s two strawmen right there. 1.) It’s not just “an increase in the money supply” alone that causes hyperinflation but there’s never been a hyperinflation without an increase in the money (currency) supply. 2.) No one ever said that “only” gold would survive but gold is a logical thing to hold when your gold replacement/substitute debt paper is being destroyed.

      2016 delivered one of the best bull market moves in the gold miners but not for those who listened to Armstrong. Luckily, I wasn’t one of them.
      Today, I have no idea what he’s telling his followers and I’m not curious either.

      • On October 11, 2020 at 2:40 pm,
        markedtofuture says:

        Matthew.. I’ve always thought of him as being part of the system in a way. They tried to get his source code and threw him in prison. He came out of prison during the Gold/Silver highs in 2011. His computer has made some good calls and shows most probabilities.

        I would not blow him totally off as wrong. The Elite are more sinister than that.

        Perpetual Bonds are on their way? They can simply declare without notice that all government outstanding debt will be converted to Perpetual Bonds. They will only be liable to pay interest each year but you will never be able to redeem them. They will most likely impose digital currency at the same time announcing that all outstanding paper money will expire. They are praying that Trump will lose and the Democrats will also take the Senate. The Democrats have already attempted to create a digital dollar. Biden said he will rejoin the Paris Accord.

        They are counting on the Democrats stealing the election and imposing this by January 1st, 2021. Selling government debt and converting to private AAA corporations. Still keep the maturity short – term for rates will rise. The Central banks will be able to raise rates again under Keynesian Economics once the government sovereign debt is converted to Perpetual Bonds.

        • On October 11, 2020 at 3:15 pm,
          Matthew says:

          He was a different person before they let him out and I don’t blame him if he made a deal to secure his release.
          I think that Socrates is legitimate (though far from perfect) and I have agreed with a lot that Armstrong has had to say about politics but I do not like that he is personally compromised or worse so I don’t bother seeking out his work.
          Bonds are heading for a bear market no matter what the Fed and its servants try to pull off and it will end extremely well for gold.

          • On October 11, 2020 at 3:20 pm,
            markedtofuture says:

            I don’t blame him if he made a deal to secure his release. That’s always been the question in my mind. He does have a few back channels. I’m hoping Trump is able to put them in check once and for all. He says what scares him the most is what comes after Trump.

    • On October 11, 2020 at 6:47 am,
      OOTB Jerry says:

      Using Germany for an example……Germany never was or had a RESERVE CURRENCY STATUS….
      Zerohedge put out a great article…..FINALIZATION, 4 part series, which I posted several times., which puts the “NEVER” comment of Armstrong into question.
      The question of gold not being at $10,850,….negates the question of control by the FAKE FED,…and the ability of the MICC…to pull the wool over everyone’s eyes for 100 yrs.
      If, Armstrong was as intelligent as he pretend………give me an answer on
      GOLD……..1933……….$35 per OZ.
      GOLD………2020…… $1935 to $2063……????????????

      • On October 11, 2020 at 7:17 am,
        OOTB Jerry says:

        https://kingworldnews.com/alasdair-macleod-indias-central-bank-buys-gold-and-here-is-another-big-surprise/
        India’s Central Banks Buys Gold!
        The World Gold Council reported that the Reserve Bank of India added 33.2 tonnes to its reserves between February and August, and it is a reasonable bet that other central banks did the same, having noted the promise of unlimited monetary inflation in the FOMC statement of 23 March. And while jewellery trade is declining at these prices, India’s imports are rising, which can only mean the very wealthy are ditching rupees for gold.

        • On October 11, 2020 at 7:18 am,
          OOTB Jerry says:

          Does not take much for the PRICE TO EXPLODE…….UP……

  12. On October 11, 2020 at 2:05 am,
    Blue says:

    Thanks Matthew for the charts Bbb, Ipt,looks great and Im very excited for for this fantastic gold bull run.
    Im very interested in a small company under the radar, 18 M market cap, a prospect generator with great management, no dilution, no debt, tight sharestructure and some nice achivements so far this year.
    Right now consolidating around 0,25 -0,30 cad.
    Your thoughts, Matthew?
    Building some steam or prolonged consolidating?
    Started to buy at 0,26 cad

    • On October 11, 2020 at 2:07 am,
      Blu says:

      forgot to tell you the name of the stock😂
      Riverside Resources, RRI

    • On October 11, 2020 at 11:21 am,
      Matthew says:

      Blue, I owned RRI over 10 years ago but haven’t looked at it in years. So, I don’t have any thoughts other than technical and it scores well on that front. It looks perfectly healthy and poised for great upside from here.

      • On October 11, 2020 at 1:12 pm,
        Blue says:

        The risk/reward on RRI feels real nice.
        I’ll bring the popcorn and will watch RRi, Bbb Ipt Axu surprise to the upside🚀

    • On October 11, 2020 at 11:48 am,
      chris says:

      Agree Blue, John Mark is the most honest & hard working leader in the resource industry. I have owned for a few years.

      • On October 11, 2020 at 11:55 am,
        Canuckski says:

        I’ve owned for a number of years too. Figured I’d see where it goes.

  13. On October 11, 2020 at 2:09 am,
    Blue says:

    Forgot to tell you the name of the company😂
    Its Riverside Resources, RRI

    • On October 11, 2020 at 7:58 am,
      Charles says:

      Hi Blue. I own it. It dropped recently due to a spin out of one of its prospects. Recent drill results from one of its Mexican silver claims were impressive. I think Riverside is primed to go higher and plan to buy more.

      • On October 11, 2020 at 8:19 am,
        Charles says:

        Matthew – what are your thoughts on the Scandium International chart?

        • On October 11, 2020 at 11:32 am,
          Matthew says:

          That is not the most exciting setup but I do think it will breakout to the upside when it finally does break out of that 4 month sideways range that it has been in.
          Look what happened the last time the 5 month EMA crossed above the 25 month MA:
          https://stockcharts.com/h-sc/ui?s=SCY.TO&p=M&yr=11&mn=0&dy=0&id=p04936071862

          • On October 11, 2020 at 4:47 pm,
            Charles says:

            Thanks Matthew. Hope to get out on the next move higher

      • On October 11, 2020 at 8:24 am,
        Blue says:

        I feel the same, Charles, Rri sounds to good to be true, I will invest a big chunk of my money in this invisible company👌

  14. On October 11, 2020 at 2:21 am,
    Blue says:
  15. On October 11, 2020 at 8:23 am,
    Wolfster says:

    No one else seems to be talking pots but its definitely time to be looking there again. Cresco looks like they are being completely forgotten about. Their next quarter will be a shocker to the upside. IM Cannabis has applied for a Nasdaq listing and have a positive ebitda already. Those looking for value the IMCC warrants have almost no premium and trade at .50. Great leverage play…..for a longer term play red white and bloom will be considered undervalued once they have completed all their mergers ……and if Biden wins look for pots to run higher as they push for legalization federally

  16. On October 11, 2020 at 1:30 pm,
    Matthew says:

    Unlike 3+ weeks ago, SIL and SILJ have confirmed the MACD buy signals of GDX and GDXJ:
    SIL:
    https://stockcharts.com/h-sc/ui?s=SIL&p=D&yr=1&mn=3&dy=18&id=p61336414640&a=644902930

  17. On October 11, 2020 at 3:24 pm,
    markedtofuture says:

    De Grey Mining- Thick High Grade near surface hits continue at Falcon

    https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02292318-6A1000589?

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