Joel Elconin - Benzinga Pre-Market Prep Show – Tue 29 Dec, 2020

US markets, Bitcoin, and Gold vs Silver

Joel Elconin, Co-Host of the Benzinga Pre-Market Prep Show joins me to recap the moves in US markets, Bitcoin and gold vs silver. In terms of the markets we discuss the continued rotation trade and recap just how good the markets have been to investors. We also look back to the strength in Bitcoin after the run over the Christmas time frame. Finally as silver continues to outperform gold Joel shares what he is investing in as we turn the page into 2021.

Click here to visit the Benzinga website and listen to the recording of Joel’s Pre-Market Prep Show.

I have an upcoming webinar on January 8th at 11am PST (2pm EST) featuring Newcore Gold (TSX.V:NCAU – OTC:PRCNF). Please click the link below to signup for free and have first access to the recording. Also please email me any questions you have for the Company – Fleck@kerport.com.

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Comments:
  1. On December 29, 2020 at 12:30 pm,
    cfs says:

    ADVANCE GOLD INTERSECTS 240G/T SILVER OVER 2.30M IN HOLE 18 AND 383G/T SILVER OVER 0.80M IN HOLE 19 AT TABASQUENA
    Advance Gold Corp. has released drilling results from continuing drilling at its 100-per-cent-owned Tabasquena project in Zacatecas, Mexico. The results are from the company’s flagship property that is investigating a 3,500-metre-long continuous high-chargeability induced polarization (IP) anomaly.
    Allan Barry Laboucan, president and chief executive officer of Advance Gold, commented: “Three holes were completed near hole AGT-15, which previously reported a high-grade hit of 2.15 metres of 664 grams per tonne silver. The most recent holes in the southern domain of the claims appear to extend the mineralization in veins to over 1,000 metres. At the nearby Mag Silver mine, the highest grades were intersected several hundred metres deeper than where we have drilled the veins at Tabasquena.

  2. On December 29, 2020 at 12:36 pm,
    cfs says:

    ORVANA REPORTS UPDATED NI 43-101 FOR ITS SPANISH OPERATION: FIVE YEARS LIFE OF MINE PLUS ADDITIONAL 3.4 MT @ 3.8 G/T GOLD IN INFERRED RESOURCES

  3. On December 29, 2020 at 12:40 pm,
    Paul says:

    You people are out of touch. Not everyone is benefiting from stimulus. The people who don’t have 401K, pension, savings to invest in stocks got nothing, all people who live paycheck to paycheck get nothing to speak of. And the elderly who are stuck in zero interest rates on fixed income are also getting nothing.
    You people are spoiled.
    You don’t know what it is to have nothing and just live to survive, your biggest worry is were do you put your money to make more money.
    Wake up.
    When you see the person on side road in one of those battery carts coming from store, or all veteran’s with no legs or arms just living in shit holes.
    Grow up.

    • On December 29, 2020 at 1:40 pm,
      OOTB Jerry says:

      Well said Paul……..

    • On December 29, 2020 at 1:50 pm,
      Ebolan says:

      “…who are stuck in zero interest rates …”

      Financial repression is nothing but theft. The Feral Reserve and the other central banks are nothing but criminal entities. The most successful criminal entities the world has ever known.

      • On December 29, 2020 at 2:04 pm,
        OOTB Jerry says:

        Yes Sir…….you are spot on too……….

        • On December 29, 2020 at 2:07 pm,
          OOTB Jerry says:

          The world has gone full retard…….

          • On December 29, 2020 at 2:26 pm,
            b says:

            On 18 December 2020, the Bank of Russia Board of Directors decided to keep the key rate at 4.25% per annum.

            Not everywhere is nuts.

            Russia just reduced the amount they spend on their military as well. Rogers was right, Russia and China are good places to invest.

            Course there is that 50 billion law suit over the Yukos company.
            Chump change really.

          • On December 29, 2020 at 2:37 pm,
            OOTB Jerry says:

            4.5% interest , does no good, when inflation is running 10%……
            I like the idea, of return of capital, not return on capital.
            Both places are full of commies..and x commies…..

          • On December 29, 2020 at 2:52 pm,
            b says:

            Interest rate in russian bank savinga account is about 4.5%
            CDN is “high interest” at bmo is 2%.

            Russia inflation rate for 2019 was 4.47%, a 1.59% increase from 2018.

            Investing to beat inflation can be done anywhere as far as I know.

            Im just pointing out a dif between Russia and us.

          • On December 29, 2020 at 2:55 pm,
            OOTB Jerry says:

            Thanks for the details…..

          • On December 29, 2020 at 2:57 pm,
            b says:

            Just sayin, not everywhere has “gone nuts”, the U.S. and its vassals have, thats for sure, remember tho we are living thru the collapse of an empire.

            We are loaded with debt, Russia is loaded with gold.

            We are going to going to struggle for years, Russia is going to prosper for years.
            They are not the only country that is doing well of course.

          • On December 29, 2020 at 3:02 pm,
            OOTB Jerry says:

            Not sure how they get away from the WHO……..and a fake virus, or man made one from the USSA….

          • On December 29, 2020 at 3:08 pm,
            OOTB Jerry says:

            To Russia with Love…
            https://tass.com/emergencies/1240771

          • On December 29, 2020 at 3:11 pm,
            OOTB Jerry says:

            I Might need another header for the last comment….not sure that it came off correctly.

          • On December 29, 2020 at 3:13 pm,
            b says:

            Who doesnt like a good snort now and then. 😉

            But whats really important, what the heck is wrong with brixton and ipt?

    • On December 30, 2020 at 1:41 am,
      Norrareal1968 says:

      Well said Paul. My country was hit with an earthquake just yesterday. Tens of thousands losing everything in mere seconds.

    • On December 30, 2020 at 2:17 am,
      Excelsior says:

      > Goldfinger: “Let’s turn to the junior mining sector. We’ve had tax-loss silly season for the last few weeks. We’ve seen a lot of different companies, their shares tumble. I can say that I have used these last couple weeks to accumulate some of my favorite names. What have you been buying and what would you be buying here today in the junior mining sector?”

      >> Bob Moriarty: “I have been buying for the last month, and they’re stocks that I’ve talked about for months… When the Federal Reserve comes out and says we want inflation, when a new President comes in who says he’s going to be accommodating, we’re going to light a bonfire under gold, and silver, and platinum, and the junior markets. Tax-loss silly season is ending right now, and I expect almost all of juniors to be up substantially in the next month or two. I think we’ve seen the bottom for gold and silver.”

  4. On December 29, 2020 at 1:26 pm,
    b says:

    What the heck is wrong with brixton and ipt?

    Copperfox ended up over 30% today, it sure has had a run.

    • On December 29, 2020 at 1:51 pm,
      Dan, calgary says:

      My comment below was supposed to go here, Doh!

    • On December 29, 2020 at 6:09 pm,
      Matthew says:

      Copper stocks are just on a different cycle than the gold and silver focused stocks and are lagging. Copper Fox is near an intermediate top right now that corresponds with the tops IPT and BBB made in July and August. IPT and BBB are now putting in intermediate term bottoms so it might be a good idea to take CUU profits and buy them. If you try that, I’d “fade the trade” carefully though because CUU is a picture of strength and could squirt as much as 20 or 30 cents higher despite its extremely overbought daily RSI(14) reading of 92.
      ETF COPX is also very overbought and has now tripled from its March low. GDX and GDXJ achieved their triple by the first week of August and are about ready to beat COPX again.
      I also agree with Dan. Tax selling has to be a factor since a lot of buyers of gold/silver stocks paid much higher prices months ago. BBB, for example, is off its August high by more than 50%.

      • On December 29, 2020 at 7:16 pm,
        b says:

        thx for the rundown Mat.
        I have no idea how long it will take but I expect cuu to get to $2.50, probly higher, it hit that years ago.

        • On December 29, 2020 at 7:36 pm,
          Matthew says:

          I don’t doubt your $2.50 or even higher later on but I think it will correct from within 20 or 30 cents from here first. Since it is a small miner and is extremely overbought, I would be surprised the correction isn’t a bad one. Of course, the difficulty is always one of timing. When to sell and when to reenter? That’s why it’s important to know thyself. What would bother you more, a 50% or greater pullback or missing another big leg higher? It’s always a challenge so taking some portion of your winnings off the table soon might be the best compromise. Then you can buy back when the chart looks less risky.
          You could see a multi-month high well within two weeks but very possibly at a much higher price than today’s.
          https://stockcharts.com/h-sc/ui?s=CUU.V&p=W&yr=3&mn=11&dy=11&id=p92411152703

  5. On December 29, 2020 at 1:50 pm,
    Dan, calgary says:

    I was thinking the same thing, haha, not to worry though as per Bob above, these things are coiled springs held down by tax loss selling season IMHO.

  6. On December 30, 2020 at 6:44 am,
    Dan, calgary says:

    High Tide breaking out on news. I own a bit.

    https://stockcharts.com/h-sc/ui?s=HITI.V

    • On December 30, 2020 at 6:47 am,
      Dan, calgary says:
      • On December 30, 2020 at 7:42 pm,
        Excelsior says:

        That’s quite the expansion for High Tide. Thanks for the heads up Dan!

        • On December 31, 2020 at 10:07 am,
          Dan, calgary says:

          American Manganese. I don’t own any but am wondering if it has potential like Xebec (XBC), in the recycle and clean energy type industry. Lots of volume and price discovery lately.

          https://stockcharts.com/h-sc/ui?s=AMY.V

  7. On December 30, 2020 at 11:11 am,
    larry says:

    COPX…pretty interesting…Mo. chart shows plenty of room up on the weekly AB=CD 33.49 and is on Mo. TD9 number 6 count…and the 1.272 expansion area is 34.70

    https://tos.mx/5QSx2h4