Richard Postma - The Doctor Is In – Thu 31 Dec, 2020

Doc’s year end outlook for Gold, Silver and Uranium

Doc joins me on a special New Year’s Eve Editorial to share his thoughts on gold, silver and uranium stocks in 2021. We breakdown what the key drivers will be next year and the important price levels to watch.

We hope you all have a very Happy New Year, Gigi included!

I have an upcoming webinar on January 8th at 11am PST (2pm EST) featuring Newcore Gold (TSX.V:NCAU – OTC:PRCNF). Newcore Gold has a current resource of 1.2million ounces of gold and a 58,000 meter drill program underway. 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.

Click here to sign up for the webinar.


Comments:
  1. On December 31, 2020 at 1:17 pm,
    OOTB Jerry says:

    All the Goldtard should be happy…… Gold up big in percentage, and silver too….
    People should be real happy…..better than a loss…. 🙂

    • On December 31, 2020 at 1:18 pm,
      OOTB Jerry says:

      put an s on the tard…..humm, or maybe there is only on tard….

      • On December 31, 2020 at 1:26 pm,
        OOTB Jerry says:

        one….. tard at a time…..sorry
        Must be the Irish Creme….. 🙂

        • On December 31, 2020 at 1:28 pm,
          OOTB Jerry says:

          Romans 5:8
          But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us.

        • On December 31, 2020 at 5:31 pm,
          Excelsior says:

          Good one OOTB. Both 2019 and 2020 were solid years for the “Goldtards”, and I’d expect 2021 to be another year where new highs are achieved, as the larger bull market trend is still in place.

          https://youtu.be/sr0gNJ090JA

      • On December 31, 2020 at 5:09 pm,
        Glenfidish says:

        🤭Jerry thanks for the laugh 😆

        Doc thanks for your outlook!!

        Gold and silver getting ready to rock! But more importantly as we all know, the miners in both are getting ready to outperform the metals themselves. Everything going up just some faster.

        Cheer to all

  2. On December 31, 2020 at 1:43 pm,
    bonzo says:

    Doc, I see a huge catalyst for gold on Jan 6 when Congress decides which electors to accept and civil war erupts between the patriots and the traitors. That’s why I bought AUIAF, IRVRF, LOMLF, NSRPF, NULGF, and NFGFF this week. Load up on gold, silver, ammo, food, and water before it’s too late. 2021 could be much worse than 2020. Hope we survive. Happy New Year!

    • On December 31, 2020 at 5:10 pm,
      Glenfisish says:

      Catalyst or no catalyst bonzo the charts have already put your outcome out there. Has been mentioned weeks ago. Food for thought. The charts truly tell you ahead of time what’s coming..

      Cheers

      • On December 31, 2020 at 5:34 pm,
        Excelsior says:

        +1 Glenfidish. It is so…

        • On December 31, 2020 at 5:46 pm,
          Excelsior says:

          Sorry, I guess your name changed to Glenfisish.

          Seems a bit fishy, but we’ll go with it. 🙂

          • On December 31, 2020 at 11:16 pm,
            Glenfidish says:

            Lmfao

        • On January 1, 2021 at 3:54 pm,
          b says:

          Just my guess, I dont know anything.
          Biden becomes prez, people moan and groan, nothing else happens.

          No war, no collapse, no nukes.

          • On January 1, 2021 at 7:46 pm,
            OOTB Jerry says:

            It is a shame the political section is so hard to find for most…….kind of a joke,
            that the headers have to be separated, and you have to really want ot go to the effort to find the location……JUST RANTING>….FIRST RANT OF THE YEAR… 🙂

  3. On December 31, 2020 at 1:44 pm,
    bonzo says:

    Doc, are you going to take a Covid vaccine? I would not take it even for a million bucks.

    • On December 31, 2020 at 1:55 pm,
      RICHARD/DOC says:

      Bonzo, when I was still practicing and the next great drug came out I would not give it to my patients until after a number of months and the non-hyped results came in. I’ll do the same with the vaccine; I’ll wait to see how it is received and the side effects. If this virus follows the same pattern as the Spanish flu, the worse peak may be what we’re experiencing right now with a smaller blip this coming spring. Everyone will then be propagandized into thinking the vaccine is what tamed it. Time will tell. I believe you’re right on about January 6. Patriots are working feverishly in the swing states to bring to light what happened in those states and they seem to be making progress. The amount of info we should be receiving state by state on January 6 may be eye opening and hard to ignore. You’re right about gold—-I am putting my dollars where my mouth is—-the next leg higher is in the future and not far in the future. Happy New Year!!!!!!!

      • On December 31, 2020 at 2:30 pm,
        irishtony says:

        Hi DOC…That was a great reply , You just gave to bonzo…You have a very Healthy 2021.

        • On December 31, 2020 at 4:23 pm,
          RICHARD/DOC says:

          Thanks Irish—to you and your family as well.

    • On December 31, 2020 at 10:53 pm,
      Matthew says:

      You guys need to read the white paper on the vaccine here:
      https://www.americasfrontlinedoctors.com/vaccines/

  4. On December 31, 2020 at 4:44 pm,
    cfs says:

    I wish everyone a Healthy and Happy New Year.

    https://youtu.be/oujYLe_I1sY

  5. On December 31, 2020 at 4:48 pm,
    cfs says:
  6. On December 31, 2020 at 5:18 pm,
    Glenfidish says:

    Doc you are a pillar and hall of famer in here! Well respected.. Thank you for all these years of wisdom. I may disagree at times but overall really enjoy your calmness and wisdom.

    I agree I see a multiple monthly green candle for gold which boys and girls means the miners are about to outperform the metal itself.

    All the best doc to you and yours

    In 2021…

    One last all the best to all and thank you al and Cory for this platform! #1 the best of the best that no one can test 👊

    • On December 31, 2020 at 5:27 pm,
      irishtony says:

      Hi Glen…A Very Healthy 2021 , to You & Your Family…….BTW…Keep posting , You bring a lot to the site.

      • On December 31, 2020 at 5:44 pm,
        Excelsior says:

        +1

        • On December 31, 2020 at 6:01 pm,
          OOTB Jerry says:

          plus 2o2l…….

      • On January 1, 2021 at 8:59 am,
        Glenfidish says:

        Thank Irish same to you and your loved ones 😀

    • On December 31, 2020 at 5:43 pm,
      Excelsior says:

      Agreed that Doc is a pillar and hall of famer here at the KE Report. Years ago, when I would come to the blog learning about TA, Doc was always happy to share ideas on chart momentum and strength indicators like the RSI, MACD, Slow Stochastics, ADX, etc… and I learned a great deal by Doc pulling back from the daily noise of hourly or daily charts, and looking at the larger trends in weekly& monthly charts. For that I’m forever grateful Richard “Doc” “Charlie” Postma.

      Also it was nice you threw a big thank you in there for Big Al and Cory, who made this site what is was for so many years now, and have spent countless hours procuring great economic market pundits, marcro political pundits, company executives to unpack their investing thesis, technical analysis experts, sector experts, and a range of interesting characters.

      2020 was a wild and turbulent year, but coming to the KE Report allowed folks to stay better informed on all the breaking news, financial impacts, and share a few laughs along the way.

      Here’s to looking forward to an excellent 2021. Happy New Years to the KER Crew!

      • On December 31, 2020 at 8:05 pm,
        David says:

        What he said…

  7. On December 31, 2020 at 5:53 pm,
    markedtofuture says:

    $100 Trillion needs to be clawed back – Robert David Steele with Charlie Ward Talking Wall Street Corruption Trump The Boyz are in for a major haircut –

    https://drcharlieward.com/robert-david-steele-talking-wall-street-corruption-trump/

    • On December 31, 2020 at 7:08 pm,
      OOTB Jerry says:

      GREAT POST……………….THANKS……..Charlie is great……

  8. On December 31, 2020 at 8:05 pm,
    Matthew says:

    Hecla just had its best monthly and quarterly closes since 2011 and best yearly close since 2010. It also closed above its weekly and monthly Bollinger Bands for the first time since August and achieved its first weekly MACD buy signal since May.
    https://stockcharts.com/h-sc/ui?s=HL&p=W&yr=3&mn=0&dy=0&id=p02926974054

    • On January 1, 2021 at 10:35 pm,
      Wolfster says:

      I occasionally look at the list of top held stocks(believe it’s top 100) for robinhood trades and saw that hecla is now on that list

  9. On January 1, 2021 at 3:17 am,
    John Kruschke says:

    I still can remember Doc saying so goes JNK, so goes this market. Doc has been correct ever since he opined this. I wonder how long he thinks this will continue with out a substantial correction or even more drastic, such as a waterfall decline?

    • On January 1, 2021 at 11:41 am,
      Excelsior says:

      That’s a good callback John K. I remember Doc saying “so goes the JNK, so goes the market,” and think about that quite often.

  10. On January 1, 2021 at 8:34 am,
    larry says:

    Doublespeak: https://en.wikipedia.org/wiki/Doublespeak

    Three weeks ago ‘Cory soon the vaccines will be out'(to protect us)….Now, revised edition (I am your doc protector) and ‘recommend holding off on the vaccines’

    Holding two simultaneous oppositional positions is double speak…This is the bailiwick of your non-health care general know nothing general MD….I noticed this glaring change of position…note the recommendation was due a press release storm not a science brilliance…the retraction is from dribbles of input showing the vaccines are both unsafe and noneffective and dangerous as w all due to adjuvant toxicity loads..docs sell products that don’t work, all the time, as per GlaxoSmithKline president admission ,all for the record…The free thinking non-stooge non-compliant non-brainwashed bloggers have proved once again to be prescient regarding actions to take….

  11. On January 1, 2021 at 9:17 am,
    larry says:

    Hold your feedom of thought against the systems stooges of all variety…First 15 minutes do1.5X if too long

    https://www.brighteon.com/946ac8f4-6497-4075-8230-db56ab9987a0

  12. On January 1, 2021 at 9:37 am,
    RICHARD/DOC says:

    A precious metal stock to watch IMHO for 2021 would (finally) be MUX—NOT a recommendation but I like both its’ technicals and fundamentals at this point in time.

    • On January 1, 2021 at 10:42 am,
      Matthew says:

      I agree and have continued to add to my position. It has grown about 50% in the last 2-3 weeks.

      • On January 1, 2021 at 11:31 am,
        Canuckski says:

        I’ve been a holder on this one too!!! Onward and upward!

        • On January 1, 2021 at 11:37 am,
          Excelsior says:

          I’ve also recently topped up my MUX position, because it has been hovering in the mid $.90s to $1.00 for a while now, and hasn’t been participating in the moves higher in the miners, and is one of the few that hasn’t made it’s run higher yet.

          Despite all the challenges they’ve had for 2 years, it does seem the McEwen Mining team has overcome many of those hurtles now, and the worst is likely behind them. I love a good turn-around story.

          Bring on the MUX rerating. Locked and loaded and ready for liftoff captain.

          • On January 1, 2021 at 1:02 pm,
            RICHARD/DOC says:

            MUX is projecting a top production of gold of 300,000 ounces/year in about 3-4 years. Every year should be a gradual increase in production to that figure.

          • On January 1, 2021 at 2:42 pm,
            chris says:

            Thank you for all the comments on MUX! I have been trying to decide if I should bump up my position. It sure has been a difficult couple of years, but they now seem to most of the problems repaired.

  13. On January 1, 2021 at 2:51 pm,
    GrowingTrees says:

    EX, I wanted to hear your thoughts on why you Silver Bull Resources. Specifically about optioning out 70% of Sierra Mojada to South32. That really looks to limit upside?

    • On January 1, 2021 at 4:31 pm,
      Excelsior says:

      Hi Growing Trees. I’ve watched Silver Bull from the sidelines for a long time and just recently got positioned, exactly because of the South32 option.

      (SVB) Silver Bull is much more of Zinc company than a Silver company; which is likely why they did their resource estimate in both Silver equivalent ounces and Zinc equivalent ounces. Zinc has finally started to move again, up off the $.90 area up to $1.25, and this is good news for companies with a lot of zinc exposure (which includes most of the Silver miners).

      For the last few years, SVB has done little to move their assets along, mostly because base metals were not doing so great, and their Silver grades are pretty low. South32 is definitely a big boy in the Base Metals space, and to see them getting involved is a huge vote of confidence in the project actually moving forward. I’m absolutely positive that South32 vetted the Sierra Mojada project with more expertise and analysis than any of us retail investors can, and after that still wanted to proceed.

      While 100% ownership of a project is typically preferred, especially if a company is going to take things through to production on their own, it isn’t always the best bath forward. Silver Bull doesn’t have the capital or skillsets to move that project forward into production on their own, so I’d much rather see them retain 30% of the project and have the financial backing and specialized knowledge of South32 on the other 70%, than see SVB keep the project 100% and languish as an “optionality play” for the rest of the metals cycle.

      Ever Upward!

      • On January 1, 2021 at 4:37 pm,
        Excelsior says:

        This passage from their end of the year shareholder meeting and vote, about their coming name change to Max Metals, illustrates the point that they are polymetallic (and really mostly a base metals play, with some precious metals in the mix).

        ___________________________________

        “The Company’s board of directors believes that the proposed name change from Silver Bull Resources, Inc. to MaxMetals Corp. is appropriate to better describe the Company’s focus and anticipated exploration activities.”

        https://www.silverbullresources.com/news/silver-bull-announces-independent-proxy-advisory-firms-iss-and-glass-lewis-recommendations-for-both-proposals-at-upcoming/

        • On January 1, 2021 at 4:39 pm,
          Excelsior says:

          I blew out positions in 2 of my zinc stocks: Tinka and Vendetta this year for tax loss selling, and replaced them with Silver Bull (SVB), as a new play on Zinc/Lead/Silver.

          • On January 1, 2021 at 4:47 pm,
            Excelsior says:

            This deal with South32 also reminds me of their takeover of Zinc/Silver developer (AZ) Arizona Mining back in 2018. If one recalls, that was one of the more successful base metals takeover stories of the last few years, and Arizona Mining started off as Wildcat Silver [hat tip to Dan, calgary for pointing that out to us here on the KER way ahead of the rest of the pack of resource investors].

            When Wildcat Silver conceded to being more base metals focused, rather than a Silver stock, and rebranded as Arizona Mining they did much better, and ended up being a big success story.

            __________________________________________

            SOUTH32 COMPLETES ACQUISITION OF ARIZONA MINING

            “The transaction consideration of US$1.3 billion was funded from cash on hand. With the acquisition now complete, Arizona Mining was delisted from the Toronto Stock Exchange on 10 August 2018.”

            https://www.south32.net/our-news/south32-completes-acquisition-of-arizona-mining

          • On January 1, 2021 at 4:54 pm,
            RICHARD/DOC says:

            Ex, good to see you contributing again. I would like your thoughts on the purchase of Premier by Equinox. I sold Premier for nice profit on the jump and believe it is headed back down where I believe I’ll purchase it again.

          • On January 1, 2021 at 5:32 pm,
            Excelsior says:

            Hey thanks Doc. Yes, Premier Gold has been a best in class smaller producer, but it also was valued as such, far ahead of it’s peers on many metrics, so Equinox is paying up for a quality asset using it’s paper. You likely did well selling at current levels, if you rotate it into another company that may have more torque moving into the 1st quarter of 2021. However, since at present Premier is tethered to Equinox at a .1967 share basis, it really depends on how EQX does as to it’s fate at this point.

            Equinox has mentioned repeated that they want to keep growing through acquisition, and picking up Premier Gold was likely in part due to criticism from investors of their jurisdiction risk in places like Brazil and California (in addition to Mexico being a mixed bag). Picking up (PG) gave them another producing mine in Mexico, but the real key was the large 5 million ounce Hardrock Project in Beardmore/Geraldton Greenstone Belt in Ontario, along with the 2 other Red Lake, Ontario exploration projects (Hasaga & Rahill-Bonanza) from Premier. In a sense Equinox needed some good safe Canadian assets, and now they have them in spades, and now Premier doesn’t have to raise the money and bring in an expanded team to build Hardrock, as Equinox has the assets to do it better.

            I would imagine that to get the spinout of the i-80 Gold Nevada projects you’d still need to be a shareholder on record of Premiers at the time of the merger. Correct?

            That would be another consideration, if you want those spinout shares.

            May 2021 be a very prosperous year for you Doc. Cheers!

      • On January 1, 2021 at 4:45 pm,
        GrowingTrees says:

        Definitely shows their new direction.

        • On January 1, 2021 at 4:54 pm,
          Excelsior says:

          Yes, if Silver Bull is in bed with one of the big boy base metals producers, and changing their name to MaxMetals Corp, then they really have ceased to be a “Silver” focused company, and that is fine, and the rebranding makes sense.

          I need to move them out of that Silver category on my list and over into the base metals column, and am happy to have another polymetallic mining company in the portfolio.

          One of the better performers this year was (SMTS) Sierra Metals – who producer Copper/Zinc/Silver/Lead/Gold. Many of the other big boy Silver producers like Coeur, Hecla, SSR, Pan American, First Majestic, Hochschild, and their smaller peers, also really are polymetallic producers of those same metals now.

          ______________________________________________

          Here was another tell that caught my attention when reviewing my decision to add Silver Bull in place of Tinka & Vendetta. It reinforces their new direction:

          (SVB) Silver Bull Enters Into an Option Agreement to Acquire the Beskauga Copper-Gold Project in Kazakhstan

          https://ceo.ca/@nasdaq/silver-bull-enters-into-an-option-agreement-to-acquire

  14. On January 1, 2021 at 4:44 pm,
    GrowingTrees says:

    You never disappoint, always pays attention to the little things. Your final thoughts are so true. I seem to have a ever growing shopping list and did not see quite what you were thinking. I wanted to see it from your perspective and you got me there. Had a great year for 2020 and you add a lot to do with that. Financial Independence here we come. If you ever come to Texas and want to hunt or fish, you have an invite.

    • On January 1, 2021 at 4:59 pm,
      Excelsior says:

      Thanks for that response GrowingTrees, and much appreciated.

      To be clear it isn’t my favorite company by a long shot, but just one I see deep value in, and a new direction, and I wanted to keep those specific funds allocated to mostly a Zinc/Lead/Silver/Copper/Gold polymetallic play. There are other good ones out there as well, but it’s just one fishing pole I have in the water.

      The biggest news that everyone is waiting on is for the silly lawsuit/blockade to be over in Mexico. SVB has won the last 3 rulings, but that activist group filed one last appeal. Should Silver Bull win it, like they have the last 3 court cases (and I’m betting that they will), that dark cloud should be lifted, and both they and South32 can move forward with Sierra Mojada full steam ahead. My positioning now, while it is unloved, also took that potential catalyst into account, but it isn’t without risk.

      Ever Upward!

  15. On January 1, 2021 at 4:57 pm,
    GrowingTrees says:

    Took a small position in Trevali being a zinc producer with with 75 million oz Silver. Up 102%

    • On January 1, 2021 at 5:01 pm,
      Excelsior says:

      Great choice. (TV) Trevali is my largest Zinc position, and one of the only solid Jr producers, and they likewise had to overcome negative sentiment about their financial situation earlier this year, but have started their turnaround run. Having the Zinc prices ratchet higher as they battened down the hatches, also helped. I expect Trevali to have a bang up year in 2021 if the US dollar stays weak, and if Zinc & Lead & Silver prices stay elevated.

      • On January 1, 2021 at 5:07 pm,
        Excelsior says:

        As mentioned above, my largest polymetallic producer position in 2020 was in Sierra Metals (SMTS). I’m never sure what sector to put them in because they produce a great deal of Silver/Zinc/Lead, but also a ton of Copper, and also some Gold.

        Since I have an affinity to Silver/Zinc/Lead companies and Copper/Gold companies, they straddle all of that under one roof.

        ________________________________

        (SMTS) (SMT) Sierra Metals – Corporate Presentation:

        https://s23.q4cdn.com/335191765/files/doc_presentations/2020/12/SMT-Corp-Presentation-December-7-2020.pdf

        • On January 1, 2021 at 5:09 pm,
          Excelsior says:

          Based on that presentation SMTS is weighted in production as:

          Copper – 39%
          Silver – 21%
          Zinc – 21%
          Lead – 10%
          Gold – 9%

      • On January 3, 2021 at 7:15 pm,
        Paul says:

        Doc today pre-mkt 1/3/21 gold breaking that $1920 area, you think we can still retest $1800 in January???

  16. On January 1, 2021 at 8:23 pm,
    Dormangox says:

    … As a rule, the manuscript is called

  17. On January 2, 2021 at 1:08 am,
    Excelsior says:

    Along the topic of what the drivers for the Precious Metals will be, there are short term events that come and go, but the longer term thesis (boring as it is now) is still relevant. There IS too much national debt on countries all over the globe, central bank meddling and increasing the money supply through easing measures, super low – to zero – to even negative rates that also translate to negative real rates, and Gold is increasingly being remembered as the “uncurrency” and uncorrelated store of value that it is.

    When most market pundit “experts” discuss the demand divers for gold though, it is always focused on as jewelry demand out of the East, industrial fabrication, and investment demand. These are all real fundamental factors, but ultimate not the source of what is driving the gold price. The prices are driven by the futures markets, and to some extent physical investment by bullion banks and dealers. This is almost entirely investment related, but this investor demand has little to do with jewelry and industrial fabrication, and more to do with a reaction to monetary policy and a place to store value without national or company counter-party risk.

    For a long time, as the haters and bears came out to bash Gold as a pet rock, their attach was it was a boring, lifeless rock, that didn’t do anything, didn’t pay dividends or interest, and was an archaic relic of the past that no longer was money. The simple question to ask then, is well if Gold isn’t Money, then why the hell are Central Banks continuing to buy Gold and store then?

    >> There is actually a huge 800 Pound Gorilla in the room that very few of the macro “experts” are discussing or have even considered.

    The new money flows into gold won’t necessarily need to be physical buyers of jewelry in the East, small retail investors, or even a large increase from central bankers, because it will actually be a huge Rotation Trade out of Bonds and into Gold.

    On a larger institutional level, the real rotation into Gold (and Silver) hasn’t even really begun yet.

    When large generalist institutional investment funds, pension funds, and family offices look for an alternative to Bonds in their portfolios over the next 1-3 years, (realizing that the cheese has moved), then there aren’t many safe havens to pick from. Gold is a far larger and more liquid market that can actually absorb outflows from the Bond market, compared to Bitcoin and the cryptos, or REITs, etc…

    This IS the major demand that is coming for Gold, and it may play out over 3-5 years, where a percentage of the “Safe Haven” funds currently in the Bond sector, finally get allocated to Gold – most likely through ETFs like the GLD. This will increase the ETF demand for much more physical inflows, and it will be massive fund buying that causes it and sets the pricing, more so than the guy or gal on the streets. This is the prime mover that is coming in the medium to longer term, and worth considering, far more than the daily gyrations or latest black swan event or Fed statement.

  18. On January 2, 2021 at 2:38 am,
    Excelsior says:

    Silver’s surge represents its best annual rise since 2010

    Dec. 31, 2020 – Carl Surran, SeekingAlpha News Editor

    > Silver (XAGUSD:CUR) looks set to lead further gains in precious metals in 2021, but analysts are said to be growing more cautious about the prospects for gold (XAUUSD:CUR) as the global economy begins to recover from the impact of the pandemic.

    > The COVID-19 outbreak triggered stockpiling by investors looking to protect their wealth, which combined with supply deficits to push gold and palladium prices up by more than 20% this year, while silver soared 47% and platinum added 10%.

    > Analysts say silver’s dual role as a safe haven asset with industrial uses in products such as solar panels mean it could fare better than gold as economic growth picks up.

    > Silver futures climbed 2%-plus on the week, jumped 17% in December, and advanced 48% for the full year, aided by a nearly 13% Q4 surge; silver’s gain represents its best annual rise since 2010 when it soared 84%.

    https://seekingalpha.com/news/3648159-silvers-surge-represents-best-annual-rise-since-2010?mail_subject=exk-hl-silver-s-surge-represents-its-best-annual-rise-since-2010&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha

  19. On January 3, 2021 at 2:37 pm,
    Bill says:

    Happy New Year.
    I backed up the truck on AHU…New talented MGMT moved in…..
    My Guys said:
    Given that we’re bullish gold & silver while having sold GATO and perhaps soon selling GoGold, we’re moving AHU – Arctic Hunter – to “official” status into our Open Positions to further underscore the timely opportunity we perceive here. We’ll mark the entry price at the average price since we first suggested it in October, of $0.16 CAD. Ticker RCTRF in the U.S.