Chris Vermeulen - The Technical Traders – Tue 15 Dec, 2020

The balance between US markets and precious metals in 2021 – What will out perform?

Chris Vermeulen, Founder of The Technical Traders joins me to balance out the drivers for US markets and precious metals as we move into 2021. There is a lot of uncertainty for next year but that doesn’t mean it will be negative. We are expecting a lot of volatility in the broad averages which will impact gold and especially the gold stocks.

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Comments:
  1. On December 15, 2020 at 2:15 pm,
    cfs says:

    New Found drills 13.1 m of 45.3 g/t Au at Queensway
    2020-12-15 12:01 ET – News Release
    Mr. Craig Roberts reports
    NEW FOUND GOLD INTERCEPTS 45.3 G/T AU OVER 13.1M AND 25.0 G/T AU OVER 16.85M IN STEP-OUT DRILLING AT KEATS ZONE, QUEENSWAY PROJECT, NEWFOUNDLAND
    New Found Gold Corp. has released partial results from six additional holes drilled at the Keats zone drilled as part of the company’s continuing 100,000-metre diamond drill program at its 100-per-cent-owned Queensway project, 15 kilometres west of Gander, Nfld.

  2. On December 15, 2020 at 2:29 pm,
    b says:

    BMO was saying they expect gold to increase in 2021 by 8-9%

    News yesterday was warning food prices could increase 10% in 2021, sounds like gold will do what it always has.

    Phyzz gold might be wiser than cash in a bank.

  3. On December 15, 2020 at 2:34 pm,
    cfs says:

    Silver Range samples up to 1,490 g/t Ag at Bellehelen
    2020-12-15 10:30 ET – News Release
    Mr. Michael Power reports
    SILVER RANGE RESOURCES SAMPLES HIGH GRADE SILVER & GOLD FROM THE NEW BELLEHELEN PROJECT, CENTRAL NEVADA
    Silver Range Resources Ltd. has released results from a new project in central Nevada.

  4. On December 15, 2020 at 2:45 pm,
    b says:

    Chris thinking concerning people not buying into gold.
    The last time silver aproached $50 was the last time I saw line ups at the PM dealer.
    The public should get interested again but I have no idea at what price, young people I have spoken to have no interest in metal, they focus on crypto.

    On the other hand, those line ups at the dealer, really didnt have young people in them. ๐Ÿ˜‰

    • On December 16, 2020 at 8:13 am,
      OOTB Jerry says:

      Every thing quite on the Western Front……keep in the trenches….until the bomb lands…lol

      • On December 16, 2020 at 8:19 am,
        OOTB Jerry says:

        The sheeple need confirmation from the herd, it is safe… …silver has a long way to go…still needs to break that long term cycle of $49……unlike gold which has already broken out….Gold still looking good…long term…..
        No long lines at the door for silver yet, ….long lines will return when silver is over $50…jmo

        • On December 16, 2020 at 8:21 am,
          OOTB Jerry says:

          Good thought on the Youngsters………which means , they are still clueless….lol ๐Ÿ™‚

  5. On December 15, 2020 at 5:57 pm,
    Matthew says:

    The 7 miners that I mentioned buying yesterday all did well today, especially (and luckily) the one that I bought the most: Hecla.
    https://stockcharts.com/h-sc/ui?s=HL&p=D&yr=0&mn=9&dy=0&id=p52677639070

    • On December 15, 2020 at 5:58 pm,
      Matthew says:
      • On December 15, 2020 at 6:05 pm,
        Dick Tracy says:

        Hi Matt, when is America’s Gold and Silver going to gain some traction, for many years it has traded sideways, it almost looks like a dead gunslinger on main street “Tits Up’. DT

        • On December 15, 2020 at 6:17 pm,
          Dick Tracy says:

          With T.USA, if you bought this stock 7 years, December 21st 2013 the price was exactly the same and if you held you would be thinking this is nuts, with inflation your stock would be worth about 50% of it’s price today! Time now to go bargain hunting. DT

        • On December 15, 2020 at 6:27 pm,
          Matthew says:

          Hi DT, I’m guessing it will move soon along with the rest of the sector. I bet it will fly once it clears its 2019 and 8/2020 highs…
          https://stockcharts.com/h-sc/ui?s=USA.TO&p=D&yr=5&mn=0&dy=0&id=p93089014416&a=522797042

          I do not currently own it.

          • On December 15, 2020 at 6:42 pm,
            Dick Tracy says:

            Hi Matt, thanks for your input, DT!

        • On December 16, 2020 at 10:26 am,
          Charles says:

          Matthew – Thanks for the post on Brixton. The chart is looking tasty. Purchased some more SILJ this morning as well as a few micro cap gold miners.

          • On December 16, 2020 at 10:54 am,
            Matthew says:

            I agree about Brixton and did buy a little more today.๐Ÿš€
            https://stockcharts.com/h-sc/ui?s=BBB.V&p=W&yr=5&mn=3&dy=0&id=p06727578410&a=857065984

          • On December 16, 2020 at 1:32 pm,
            Charles says:

            That chart looks like the correction could extend into February. Hopefully not though. I have been constructing Andrews Pitchforks lately. My charting software doesn’t have them so I have to constructed them manually using trend lines. I have a few stocks I would like your thoughts on. UUUU, is it due for a pull back or is there more fire coming in your opinion? Also, just wanted to have you take another look at Scandium International. Granted not a whole lot of volume, but the action is encouraging.

          • On December 16, 2020 at 3:34 pm,
            Matthew says:

            UUUU is a tough one. Based on the daily chart, I’d trim if you haven’t already and sell more on a single dip (intraday, not a close) below the KAMA (now 2.82 and rising fast).
            https://stockcharts.com/h-sc/ui?s=UUUU&p=D&yr=1&mn=0&dy=0&id=p46524591611&a=857224779

          • On December 16, 2020 at 3:41 pm,
            Matthew says:

            The weekly chart leaves room for a quick shot to around $4 despite that record distribution volume last week. The 3.70s could stop the move but a move above that area would probably take you just over 4.00. With the weekly RSI currently at 79.5, I’d sell most if not all on such a move.
            https://stockcharts.com/h-sc/ui?s=UUUU&p=W&yr=3&mn=0&dy=0&id=p96064992063

          • On December 16, 2020 at 3:55 pm,
            Matthew says:

            Stockcharts doesn’t support the U.S. listing for Scandium so I’ll use the Canadian symbol SCY.
            Before I looked at the weekly chart and Fib retracements, I was thinking you might see .27-.28 so I’ll stick with that.
            https://stockcharts.com/h-sc/ui?s=SCY.TO&p=W&yr=5&mn=0&dy=0&id=p99621775578&a=628367061

          • On December 16, 2020 at 3:58 pm,
            Matthew says:

            If not for gold/silver and commodities in general perking up right now, I’d probably expect a top much closer to the current level. Watch that fork support around .225 tomorrow…
            https://stockcharts.com/h-sc/ui?s=SCY.TO&p=D&yr=1&mn=0&dy=0&id=p72263237322&a=857235941

          • On December 17, 2020 at 6:45 am,
            Charles says:

            Thanks Matthew. I took half off of each position this morning

    • On December 16, 2020 at 4:48 am,
      Wolfster says:

      Damn it. I must not be getting all the posts or some of the commentaries again. I never that mention and even went back looking for it. I’ve had this issue before. Sometimes between my iPhone and iPad I can literally see commentaries missing on one apparatus vs the other

      • On December 16, 2020 at 6:06 am,
        Canuckski says:

        Sadly Wolfster, I’m in the same boat. I can’t recall seeing a post by Matthew where he was noting 7 stocks. It’s too bad that I somehow missed that golden info because I would have invested some quality time perusing Matt’s insights.

        • On December 16, 2020 at 6:26 am,
          Dick Tracy says:

          Canuckski, I didn’t see that post either, Matt could you please repost your list from a few days ago. Thanks DT

        • On December 16, 2020 at 6:30 am,
          Matthew says:

          You guys didn’t miss anything special:

          On December 14, 2020 at 11:30 am,
          Matthew says:
          I bought PAAS and HL today along with 5 juniors.

          On December 14, 2020 at 11:31 am,
          Matthew says:
          I will be surprised if SILJ is unable to fill its 12/1 gap; it only has 1% to go.
          https://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=1&mn=0&dy=0&id=p02734084199

          • On December 16, 2020 at 2:44 pm,
            Charles says:

            I saw that comment. It looks like that SiLJ Gap was filled. I bought today anticipating the early November high being taken out. Hopefully by the end of the week.

  6. On December 15, 2020 at 6:38 pm,
    JustTruth says:

    If this price holds, then that may happen, otherwise if that doesn’t happen, this price might hold. But we won’t know for sure until after it breaks out, and all the people that do know have made 3X before our subs get in. TA. Print a symbol log chart, take out a ruler, and then draw lines between lows and highs.

  7. On December 15, 2020 at 7:02 pm,
    buzz says:

    So, does anybody know what Joe Biden plans to name his cat? Pussy (Galore) might be a good start. Same applies for VP

  8. On December 15, 2020 at 9:33 pm,
    BDC says:

    Gold: https://postimg.cc/6756LYj9
    50% pull back into a major bull flag.

  9. On December 16, 2020 at 5:08 am,
    Dick Tracy says:

    This is important, when a mining team keeps their promises. PURE GOLD DELIVERS FIRST ORE TO THE MILL ON TIME AND ON BUDGET. DT

    https://money.tmx.com/en/quote/PGM/news/6727935967813041/PureGold_Delivers_First_Ore_to_the_Mill

  10. On December 16, 2020 at 6:37 am,
    Dan, calgary says:

    Santacruz Silver is chewing through the overhead selling volume IMHO. I own it.

    https://stockcharts.com/h-sc/ui?s=scz.v

    • On December 16, 2020 at 6:49 am,
      Dick Tracy says:

      Hi Dan, I’m right there with you! DT

      • On December 16, 2020 at 7:03 am,
        Dan, calgary says:

        Awesome little company I think, it’s my largest holding so I am all in, haha.

        • On December 16, 2020 at 11:08 am,
          blazesb says:

          I’m right there with you on Santacruz Dan…thanks to Excelsior who many times in the last two years not only mentioned it but analyzed it.

          If you’re out there Ex thanks again.

          • On December 20, 2020 at 4:46 am,
            Excelsior says:

            I just now saw this thread, but thanks blazesb. Yep, I’ve been banging on the drum for Santacruz for a while because I feel that they have been so undervalued relative to their peers and overly punished for sins of the past, but their current and future set ups look promising for continued outperformance. They were the top Silver producer for percentage gains at the peak of the 2019 surge in PMs for a reason, and with costs coming down and production growing at Zimapan and Rosario, I expect them to continue to have amazing leverage to rising Silver prices, with nice Zinc/Lead kickers.

  11. On December 16, 2020 at 6:55 am,
    larry says:

    right here is a good op for an equity trading market top and grow into possible intermediate top…Racism and vaccines article below as loius farakahn views it…

    https://www.unz.com/article/the-covid-19-vaccine-and-the-u-s-policy-of-depopulation/

  12. On December 16, 2020 at 8:32 am,
    cfs says:

    Mr. Ross Beaty of Equinox reports

    EQUINOX GOLD ANNOUNCES FRIENDLY ACQUISITION OF PREMIER GOLD MINES

    Equinox Gold Corp. and Premier Gold Mines Ltd. have entered into a definitive agreement whereby Equinox Gold will acquire all of the outstanding shares of Premier. Concurrently, Premier will spin out to its shareholders shares of a newly created U.S.-focused gold production and development company to be called i-80 Gold Corp. that will own the South-Arturo and McCoy-Cove properties and will complete Premier’s previously announced acquisition of the Getchell project, all in Nevada. Equinox Gold will retain Premier’s interest in the world-class Hardrock project in Ontario, the Mercedes mine in Mexico, and the Hasaga and Rahill-Bonanza properties in Red Lake, Ont. On closing of the transaction, existing Equinox Gold and Premier shareholders will own approximately 84 per cent and 16 per cent of Equinox Gold, and Equinox Gold and existing shareholders of Premier will own 30 per cent and 70 per cent of i-80 Gold, respectively, on an issued share basis. All dollar amounts are in U.S. dollars unless otherwise indicated.

  13. On December 16, 2020 at 8:40 am,
    cfs says:

    XTRA-GOLD EXPANSION DRILLING ON NW FOLD-LIMB AT DOUBLE 19 INTERSECTS 30 M OF 6.2 G/T GOLD, INCLUDING 12 M OF 10.1 G/T GOLD, KIBI GOLD PROJECT, GHANA

    Xtra-Gold Resources Corp. has released assay results for an additional 20 drill holes from its current resource-expansion target-generation program within the zone 2/zone 3 maiden mineral-resource-footprint area on the company’s wholly owned Kibi gold project, located in the Kibi-Winneba greenstone belt in Ghana, West Africa.

  14. On December 16, 2020 at 8:41 am,
    cfs says:

    AMERICAN CREEK’S JV PARTNER TUDOR GOLD INTERSECTS 1.215 GPT AUEQ OVER 354.0 METERS WITHIN 1225.5 METERS OF 0.702 GPT AUEQ (HOLE GS-20-94)

    American Creek Resources Ltd. joint venture partner Tudor Gold Corp. has released results for the fifth set of diamond drill holes for the Goldstorm zone at its flagship property, Treaty Creek. The project is located in the heart of the Golden Triangle of northwestern British Columbia and is on-trend from Seabridge’s KSM Project located five kilometers southwest of the Goldstorm Zone. Results from 12 diamond drill holes have recently been received from MSA Labs with final results from another

  15. On December 16, 2020 at 8:45 am,
    cfs says:

    U.S. Gold Corp. Drills Continuous Mineralization and Attractive Gold Equivalent Grade of 1.126 g/t Over 177.5 Meters Within its CK Gold Project in Wyoming
    2020-12-16 09:25 ET – News Release

    – 177.5 meters (600 feet) of continuous gold, copper and silver mineralization with an average gold equivalent grade of 1.126 g/t
    – 2020 drill program was a combination of core and reverse circulation drilling
    – The twenty-nine hole drill program is designed to advance the CK Gold Project to the Pre-Feasibility Study level

  16. On December 16, 2020 at 9:06 am,
    b says:

    Bitcoin broke 20k today.

    Pornhub moves to only accept Bitcoin & other cryptocurrency after Visa/Mastercard cut ties over sexual exploitation report

    https://www.rt.com/usa/509787-pornhub-cryptocurrency-mastercard-visa/

    Could that be called intrinsic value?

    • On December 16, 2020 at 10:22 am,
      OOTB Jerry says:

      Humm……me think bitcon., could easily double from here…..within the next 18 months…JAWAG…..

  17. On December 16, 2020 at 10:31 am,
    b says:

    Maybe it goes to 500k.
    Would that prove that gold is a barbourous relic?

    I just wonder how much bitcoin will mute the gold bull this time.
    If at all.

    • On December 16, 2020 at 10:33 am,
      OOTB Jerry says:

      Dang good question…..

      • On December 16, 2020 at 10:36 am,
        OOTB Jerry says:

        Zerohedge, has a good chart…..Under the Whale buys bitcoin…..look at the amount of total value, compared to gold, stocks, cash…….bitcoin on that chart, shows, that bitcoin has a wide open chance of going to any number…..

          • On December 16, 2020 at 10:39 am,
            OOTB Jerry says:

            Bobby, might have to give John K. some respect now…. ๐Ÿ™‚

          • On December 16, 2020 at 10:41 am,
            OOTB Jerry says:

            Ex, is going to HODL……into a fortune…. ๐Ÿ™‚
            Spread the wealth…. ๐Ÿ™‚

          • On December 16, 2020 at 10:43 am,
            OOTB Jerry says:

            When Basketball players are making $225 Million …..bitcoin at $500k, is chump change…lol

          • On December 20, 2020 at 4:48 am,
            Excelsior says:

            Just saw these comments OOTB. Good one!

            I’m working on HODLing a fortune in many sectors, but have been growing my Bitcoin exposure through GBTC, and have considered grabbing back a few crypto miners to add to the mix. We’ll see how the speculation goes…

    • On December 16, 2020 at 10:51 am,
      Matthew says:

      That would do the opposite of prove gold is a barbarous relic since such a move would have nothing to do with a decline in the dollar. Gold is money, BC isn’t. Gold will continue to reflect changes in the purchasing power of the dollar while BC will continue to move without any correlation to the dollar.
      BC going to the moon has no more significance than a stock or some other speculation going to the moon. Gold doesn’t care that profit-free Amazon is trading at $3200.

      • On December 16, 2020 at 12:52 pm,
        b says:

        I always find this interesting.

        I bought phyzz today, my last attempt my car blew up so I couldnt get any.
        I had better luck today, my new car didnt blow up.
        Im sure it will eventually.

        In any case, this time there was a line up out the door, no young people, all old and wrinkled like myself.
        I got into a discussion, all the people there knew all the stuff I did, banks were the prefered topic.

        They all wondered about bitcoin and felt diversifying was a good idea.
        In other words, owning some bitcoin.

  18. On December 16, 2020 at 10:47 am,
    OOTB Jerry says:

    Off topic………Sad for any christian……Joel is a Jerk….
    https://www.zerohedge.com/political/joel-osteens-church-received-44-million-ppp-stimulus-payments

    • On December 16, 2020 at 10:50 am,
      OOTB Jerry says:

      Let’s not leave out the catholics….under the law group….lol
      It was also revealed that over 9,000 Catholic churches were approved for the loans. However, the Vatican, which is the global head of the Catholic Church, is one of the most wealthy organizations in the world. While their exact holdings have been called โ€œimpossible to calculateโ€œ, bankers estimate that the Vatican has been 10 and 15 billion dollars in cash, land, and investments alone.

  19. On December 16, 2020 at 1:07 pm,
    b says:

    I dont know why the catholic church needs to invest in anything, there are what? 1 billion people donating 10% of their income?