Ed Moya - Senior Market Analyst at OANDA – Mon 4 Jan, 2021

Is it the fear trade leading US Markets down and gold higher to kick off 2021?

Ed Moya, Senior Market Analyst at OANDA kicks off today’s editorials by sharing a broad look at the markets. We start with the pullback in US markets. Ed outlines a number of near term factors that are bring in some more fear or defensive trading. This is carrying into the precious metals with gold and silver up strongly. Ed points to the 10 year inflation breakeven that tested out 2% earlier today and is at over 2 year highs. We wrap up the interview with a comment on the continued volatile Bitcoin trade.

Click here to visit the OANDA website to read over Ed’s daily note.

I have an upcoming webinar on January 6th 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 January 4, 2021 at 10:03 am,
    Glenfidish says:

    Thank you Ed!

    Markets are due for correction however longer term everything going up! Bitcoin is “the new” well not so new but the word on the street. All young and old investors are talking about it around me. It’s the fashionable play at the moment. These things usually end by losing your hair.

    On a different note!

    On December 29, 2020 at 8:48 am,
    Glenfidish says:
    Gold update!
    I’ve been lurking in and out from the background and listening to everyone. Once again thank you all for the contributions each and everyone of you make. Consensus of late is one of skeptical, worries, scared, Rambus with his charts again scaring everyone lol, and more food for thought. Glad my good pals in here Matt, Jerry, dt, ex, wolf and many others Canuck etc really understand it. What Matt said the other day regarding we would need a complete break down here with markets to hurt technical of gold and highly unlikely. He is bang on!
    Here goes
    The current setup from what I’m seeing with the charts and technical/pattern I’ve been following is telling me/my own lenses that we should break higher this week in green and test possibly $1950$1960..completing the head of an inverse head and shoulders I’ve been telling everyone in hear for Over a month. Patience my good friends patience. We would then head down to retest this breakout from here $1880-$1890 for 2-3 weeks. Which means nothing more then back filing, more of the same back and fourth for first 2-3 weeks of January completing the right shoulder. End of January explode out of that channel and attack all time highs and eventually break through. It will give us roughly 5-6 months of upswing before hitting the Intermediate top.. “Sell in May and go away” looking for possible top in May/June..let’s not get to far ahead, for now breakout will come just be patient. 2.2 trillion in March plus 2.3 trillion approved by trump on Sunday= $5000 will be a guarantee when all is said and done. For now let’s attack $2400-$2600 and so forth and so on..
    As always and my pleasure
    Glen! Wishing you all a happy new year and health, wealth and prosperity in 2021..

    Looks like target moving nicely.

    • On January 4, 2021 at 11:29 am,
      Excelsior says:

      Hi Glenfidish. You had mentioned you thought Gold would go up as high as $1950-$1960 last week to complete the head of a inverse head and shoulders.

      I didn’t quite follow how a move higher in gold would correlate to an inverse head and shoulders, as normally it takes a move lower to create a head on an inverse pattern.

      >> Can you post a chart of what you are discussing there?

      It is easier to look visually at technical analysis, while reading about pricing targets.
      Also, Gold didn’t make it to $1950-$1960 last week, but is running this week. Do you feel this move tops out at that level and then heads down to $1880-$1890?

        • On January 4, 2021 at 9:25 pm,
          Glenfidish says:

          Ex,

          Although that is a general guideline, inverse head and shoulder do not look all pretty like that my friend. The sometimes look much more complex and in this case many couldn’t see what I’m talking about far before it even developed 😉

          • On January 5, 2021 at 12:20 am,
            Excelsior says:

            Yes, obviously not all chart patterns are going to look textbook.

            You wrote this last Tuesday:

            “…we should break higher this week in green and test possibly $1950$1960..completing the head of an inverse head and shoulders I’ve been telling everyone in hear for Over a month. ”

            > My question was simply seeking clarity because the way you wrote it about a move higher forming the head on an inverse H&S didn’t make any sense. The head on an inverse H&S requires a move to the lowest point, so I was trying to figure out if maybe you meant the head on a regular H&S, or possibly the right shoulder of the inverse. Just trying to figure out what you meant, as it was confusing the way written, but you cleared it up down below and I responded back to you. Thanks.

          • On January 5, 2021 at 12:37 am,
            Excelsior says:

            For example this is the inverse Head & Shoulders pattern I see, annotated as such, and the “Head” was completed back in late Nov – early Dec.

            That is why I was trying to understand your comment posted last Tuesday about the move up to $1950-$1960 completing the head on an inverse H&S, the way it was written, and without a chart for clarity.

            https://cdn-ceo-ca.s3.amazonaws.com/1fv894t-Gold%20Inverse%20Head%20And%20Shoulders%20Pattern.JPG

      • On January 4, 2021 at 12:14 pm,
        Matthew says:

        Glen hasn’t discussed it with me but the action has been head-and-shoulders-like. Notice that the breakout happened on the 17th and was followed by a perfect backtest on the 22nd:
        https://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=6&dy=0&id=p39433676971&a=866400556

        • On January 4, 2021 at 12:53 pm,
          Excelsior says:

          Yeah, maybe he just meant a standard head abd shoulders pattern, and not an inverse pattern. That would make more sense with the recent move higher forming the head.

          I wasn’t sure if he meant the dip down to the mid $1700’s was the inverse head and shoulders pattern, and if he maybe meant this was the right shoulder.

          • On January 4, 2021 at 12:57 pm,
            Excelsior says:

            Matthew, looking at your chart, that does look like a solid inverse head and shoulders pattern, but this recent move higher would be the right shoulder like I was mentioning above, not the head of an inverse head and shoulder that Glen was discussing. I think it would help if he would post a chart when he is discussing his figures.

          • On January 4, 2021 at 1:07 pm,
            Excelsior says:

            It should be pointed out that if the recent move is the completion of an inverse head and shoulders pattern, then that is very bullish for the metals moving higher.

            However, if Glen was actually discussing this recent move higher in Gold being the head of a standard head & shoulders pattern, then that would foretell lower prices in the metal as he was projecting discussing it “topping” and heading down to back-test $1880. His comments sound like he was discussing a regular H&S pattern,.

            After looking at the chart above, a compelling case could be made for the opposite and that we are completing a large inverse H&S and about to move substantially higher in the next month or two. That thesis would align more with the typical seasonal strength we see in Jan & Feb in the PM sector

          • On January 4, 2021 at 1:13 pm,
            Matthew says:

            The action in the silver miners over many weeks has given us all the bullish implications we need for both the silver and gold miners. We have never had a correction in which the silver miners so bullishly massively out performed the gold miners. The following chart of the silver miners priced in real money says it all and said it early, before today’s obviously bullish action:
            https://stockcharts.com/h-sc/ui?s=SILJ%3AGLD&p=W&yr=5&mn=0&dy=0&id=p69495440565&a=862287736

          • On January 4, 2021 at 1:15 pm,
            Matthew says:

            Today’s breakout to a new 52 week high was just a formality to me but a big deal to certain “price-is-everything” types.
            https://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=1&mn=3&dy=0&id=p97269677124

          • On January 4, 2021 at 1:38 pm,
            Excelsior says:

            Matthew – Great points on the Silver miners outperformance during Gold recent weakness. That is quite bullish for the whole sector, as is the SILJ pricing breakout.

            Looking good…

          • On January 4, 2021 at 9:39 pm,
            Glenfidish says:

            Ex,

            I think you have me confused and this recent move is not what you think I’m saying. It’s an inverse head and shoulders formation “ bullish for metals” we are going to go higher much higher but what I’m seeing is the completion of the neckline at this current level I was discussing $1945-$1960 then back filling to build the right shoulder before heading higher.

            I’m not using gld but it seems to be doing the same regardless. I’m using goldprice.com and stock charts.

          • On January 5, 2021 at 12:06 am,
            Excelsior says:

            Glenfidish. Thanks for clarifying what you meant. I never mentioned anything about GLD, and I also use stockcharts. Posting a chart with your comments would just help quickly reference the setup you are looking at, and the timeframe. Any chart indicators or overlays you feel are worth reviewing could be included, and if you are a subscriber you could also annotate it. Just a thought, as I appreciate your analysis.

            I responded to clarification on the H&S down below.

          • On January 5, 2021 at 12:34 am,
            Excelsior says:

            For example this is the inverse Head & Shoulders pattern I see, annotated as such, and the “Head” was completed back in late Nov – early Dec. That is why I was trying to understand your comment posted last Tuesday about the move up to $1950-$1960 completing the head on an inverse H&S.

            https://cdn-ceo-ca.s3.amazonaws.com/1fv894t-Gold%20Inverse%20Head%20And%20Shoulders%20Pattern.JPG

      • On January 4, 2021 at 9:23 pm,
        Glenfidish says:

        Ex,

        Yes I mentioned it last week regarding the move before hand like I always do one of the only few in this world lol.. it didn’t happen quite last week but it’s happening this week and came close enough. We’re you not one who mentioned just a few days ago regarding how you don’t focus on getting the precise target anymore? With that being said it’s a spectacular call again that I have repeatedly made. I think it can go and tap $1950-$1960 for the neckline. Regardless $1944-$1945 is close enough.

        Pull up a daily, weekly gold chart and just look at it. With this move towards the $1945-$1960 it is forming the neckline of the head extension. Once completed which it already looks like, we will begin to form the right shoulder. No brain science here I keep things simple and follow a longer term pattern that you couldn’t buy from me. This is all imo and I’m not perfect but I’ve done well for myself and as you can see many in here think I have as well. Hope this helps ex.

        • On January 5, 2021 at 12:01 am,
          Excelsior says:

          Thanks Glenfidish. No need to get defensive buddy, I was simply asking for clarity on the projection you were making about Gold getting up to $1950-$1960 last week and then pulling back to $1880 (as that looked to be what was playing out this week). I wasn’t being critical of it happening this week instead of last week if that is what got you riled up.

          What was confusing is that you said this move up was the head of an inverse head and shoulders, ( where as a head on an inverse H&S patter would require a move lower not a move higher so it didn’t make sense the way you wrote it). That’s why I was asking for clarity on your position, because I’m interested in your perspective. Not every question is an putdown on your credibility so relax amigo…

          Yes, I can pull up a gold chart like anyone can, but I see a large inverse H&S pattern if you count the move last year down into the high $1700s, but then this move higher would be that right shoulder I mentioned above, and you just mentioned here (not a head on a inverse pattern). It is possible that you meant this recent move up to $1950 was the head on a regular H&S pattern, which would portend a move back down, and I though maybe you meant that is why it would head down to $1880 to for the right shoulder on a smaller timefram H&S pattern.

          That’s all I was trying to figure out regarding your outlook. Cheers!

    • On January 4, 2021 at 1:30 pm,
      OOTB Jerry says:

      Thanks Glen……for the mention,……”I know nothing”… 🙂

      • On January 4, 2021 at 3:34 pm,
        OOTB Jerry says:

        Just noticed the drop in platinum…..humm, but, coming back after hours…

      • On January 5, 2021 at 5:20 am,
        Wolfster says:

        You sure you didn’t mean “I see nothing ,I hear nothing,and I say nothing”😎

        • On January 5, 2021 at 6:38 am,
          OOTB Jerry says:

          🙂

  2. On January 4, 2021 at 10:07 am,
    Glenfidish says:

    I have revised slightly the above prediction but overall roughly same pattern. I will have another piece out shortly to give my short/mid term and longer term perspective.

    Thanks again to guest Cory and al. He made some good points.

    Glen

    • On January 4, 2021 at 10:26 am,
      Pete says:

      Thanks Glenfidish, could you share your opinion on the copper chart please ?
      HS top?

      From Rick Ackerman. https://www.rickackerman.com/

      • On January 4, 2021 at 9:57 pm,
        Glenfidish says:

        From the looks of things I would say it has topped for the short term. On a weekly timeframe I’d say the 20 ema sounds like a good spot to retreat. From a monthly perspective again the 20 ema looks like a good spot to retest that breakout.

        I would definitely add in these pullbacks in tranches..

        Best of luck

        • On January 5, 2021 at 12:38 am,
          Pete says:

          Thanks Glenfidish, for responding.

          Some copper stocks still look good, but if copper is topping they may roll over, so i trimmed some copper stocks.

          Cheers

  3. On January 4, 2021 at 10:08 am,
    Glenfidish says:

    Sorry for double post!

  4. On January 4, 2021 at 10:31 am,
    TORONTOvic says:

    thanks for stick around.
    more importantly thanks for your forecast.
    its very interesting. any thoughts with silver?

    • On January 4, 2021 at 10:00 pm,
      Glenfidish says:

      High Vic,

      As Matt mentioned maybe a short term resistance so any corrections here is a buy the dip imo silver is going to ignite everything else. That’s how I feel.

      Cheers

  5. On January 4, 2021 at 11:34 am,
    Excelsior says:

    I pulled profits in about a dozen Gold & Silver positions this morning, just for the short term. My account has been ratcheting higher and higher, and I didn’t sleep well last night as a result. I raised tens of thousands of dollars today and am going to go take a nap. 🙂

    This is just a short term move to raise some funds, and I’ll likely buy most of those positions back if we see a dip later in the week.

    • On January 4, 2021 at 11:41 am,
      Excelsior says:

      While it admittedly “market noise”, does anyone think we may see any market gyrations due to all the political grandstanding around the Jan 6th in the US electoral college vote this week?

      • On January 4, 2021 at 11:43 am,
        Excelsior says:

        For clarity, I’m just interested in getting anyone’s views on the potential stock market implications, not political opinions.

        • On January 4, 2021 at 11:45 am,
          Excelsior says:

          More likely all the media circus about Jan 6th is likely going to be a big “nothing burger,” but if anyone feels it will be “something burger”, what implications do you think it will have on the General Stock Markets, the US Dollar, and the Precious Metals?

          • On January 4, 2021 at 12:10 pm,
            David says:

            It should be a nothing berger but if the coupe were successful, it would indicate the Constitution and the associated laws established over time are meaningless. In that regard, current institutional actions such as oversight and regulation are meaningless. At the extreme end concerning markets, I think that private property of all forms could be transferred to the government or elite groups or persons controlling wealth. In other words, no law means no protection from power interests and no recourse in opposition. It’s kinda why the Constitution and “defending and supporting” it is critical. Undermining the Constitution is serious stuff. History doesn’t show benevolence as a by-product of a coupe by force. Just an opinion.

          • On January 4, 2021 at 12:20 pm,
            David says:

            Burger

          • On January 4, 2021 at 12:34 pm,
            David says:

            All 10 Living former Secretary of Defense write letter indicating that using the Military to determine the outcome of an election is an improper use of the Military under the Constitution.

          • On January 4, 2021 at 2:06 pm,
            b says:

            From an I know nothing perspective, I recall many events that I thought should have affected the market doing nothing to PMs.

            https://www.silver-phoenix500.com/article/silver-market-update-powerful-advance-believed-imminent

            Silver Market Update – Powerful Advance Believed Imminent

            Mr Maund could be right.

          • On January 4, 2021 at 5:03 pm,
            Dick Tracy says:

            The lowering of US interest rates has only intensified speculative fever, that plus The Fed purchasing securities on the open market. European exchanges are weak, but the lowering of rates has not benefitted The US economy because it is weak. The Fed is playing it’s final card, they hope that lowering rates will boost The US economy, but the lowering of interest rates only stimulated the stock market. President Trump has repeatedly said that The US economy is strong, it is not. While stock prices have been climbing, the real problem is inflation and any who is sober realizes that the financial community is in big trouble. Business activity is rapidly declining and unemployment is serious. With prices in the conventional markets near record levels it is altogether easy to see a time of reckoning ahead. DT

          • On January 4, 2021 at 10:08 pm,
            Excelsior says:

            DT – You made some good points in that post. There is a big difference between a strong economy and a strong stock market, and as I mentioned on the weekend show, there is one of the largest bifurcations going on between the nosebleed levels experienced on Wall St and pain and desperation seen on Main Street in US history.

            I was watching a Real Vision video recently with Raoul Pal and the interviewer asked him what was the most important Macro event that he witnessed last year in 2020. He answered something along the lines of — “That we had a global pandemic, that caused most countries in the world to lockdown and this decimated small businesses and put millions out of work, and the general markets didn’t give a damn and just rallied up to new highs anyway.” He followed it up with the second most interesting thing that happened was that in middle of this pandemic, out of nowhere, the millennials decided to join Robinhood, Stash, and all the other online trading platforms and begin to trade and invest, when up until that point they had showed little interest in finances. There have definitely some unusual forces at work in the general markets.

            As for the Fed running out of tools other than MMT, most of us agreed a long time ago that they’ve painted themselves into a corner with the printing press, and they are still trying to inflate their way out of it with money printing. They still have a few arrows in their quiver if they replicated Operation Twist (on the long and short dated treasuries), and can also introduce yield curve controls.

            I was watching a different Real Vision interview today (filmed back in August of this year) with sharp quant analyst Lyn Alden, and they discussed the potential paths forward out of a deflationary event. She made a great point that the Fed and other Central Banks really were reaching the end of the line of what they can do, an that is why the FED and ECB and BOJ have all been pounding the table for the governments of the world to intervene with fiscal measures (think unending stimulus bills, universal basic income, and other such parlor tricks) as this can pump money directly into businesses and individuals, and then the central banks can monetize these fiscal stimulus measures. She expects these programs to be much more inflationary, than what the central banks did last decade, as it isn’t getting swallowed up in banks, but circulating directly into the economy. The recent $600 checks that were just sent out this week in the US are just another example of this.

            We live in interesting times!

          • On January 4, 2021 at 10:15 pm,
            Excelsior says:

            Here was that first interview with Raoul Pal that reflected back on 2020, and the year ahead.

            ______________________________________

            Raoul Pal’s 2021 Predictions for Bitcoin, Central Bank Digital Currencies, Emerging Markets & More

            Nathaniel Whittemore – Dec 29, 2020 #VIDEO interview

            https://youtu.be/ClejqFJpuBg

          • On January 4, 2021 at 10:18 pm,
            Excelsior says:

            Here was that 2nd interview I mentioned with Lyn Alden. Even though this is 4 1/2 months old from when they did the interview to when they aired it on youtube, Lyn is a very sharp economist, and she makes a number of really solid points.

            __________________________________

            Lyn Alden’s Macro Masterclass (w/ Raoul Pal) #VIDEO Interview

            “The unprecedented nature of everything going on today has made topics such as the viability of fiat currencies, USD reserve status, Bitcoin, monetary/fiscal policy, and precious metals the talk of the town. Everyone is now wondering what these things mean and how they will impact their lives moving forward. No doubt, questions abound. However, by using macroeconomics as a lens, one can begin to understand not just what these seemingly complicated things are, but how their interrelated nature can impact the world around us. Lyn Alden of Lyn Alden Investment Strategy recently did an Expert View where she laid out many of her positions on these concepts and how they fit into her strategy. For this segment of Real Vision Live, we’ve invited her back to sit down with Real Vision CEO, Raoul Pal, for a macro masterclass where they will dive into these different areas in an attempt to understand where we are, and more importantly, where we may end up.”

            https://youtu.be/7zfMQ5X3CzU

        • On January 4, 2021 at 4:08 pm,
          blazesb says:

          I hope today was the first day of PM separation from the ‘everything up’ rally. My dream scenario for this year is ‘everything else down’ while PMs soar.

          I don’t think the markets will ‘listen’ to this week’s politics as, arguably, they have tuned them out for a while.

          • On January 4, 2021 at 7:05 pm,
            David says:

            Political rhetoric has had little impact on markets. The 12 year up trend in the general markets have not been fueled by debt levels, corruption, political stalemates, racial unrest, border issues, unemployment ir whatever issue permeates the news. What has apparently driven the 12 year up trend in the general markets is Central Bank intervention. It will not change until it is not personally or financially profitable to human beings. However, as a worst case scenario, if the Constitution is under minded and law disregarded then the protections provided are no longer relevant and personal freedoms of little concern to the the new ruling authorities. It is that simple.

  6. On January 4, 2021 at 11:38 am,
    Pete says:

    AGQ gap from September getting filled…
    GLD gap from November getting filled…

  7. On January 4, 2021 at 1:01 pm,
    David says:

    Whoa…Lion One popped up to + 51%. Then fell back to +9% at close. Going to watch that one after hours. Hmmm…

    • On January 4, 2021 at 1:36 pm,
      Excelsior says:

      Overall today was quite positive in the PM miners, with many double-digit poppers.

      This sector is really popping, so which companies will be next?

      https://media4.giphy.com/media/oyQ5Qf9Ihu3ctAe4hw/giphy.gif

      • On January 4, 2021 at 2:12 pm,
        b says:

        What are the chances of brixton moving?, at this point I should have kept copperfox.
        😉

        Thats one of them…o well.

        Actually, copperfox worked out exactly as I figured, it was not a bad place to wait for PMs to start moving.

        Today was a good day.

        • On January 4, 2021 at 2:22 pm,
          Buzz says:

          Brixton late to the party. I added today, as it’s time shall come. Southern Silver had a nice pop, which usually moves eariler

          • On January 4, 2021 at 2:25 pm,
            Buzz says:

            New$$$ and Robinhood traders not familiar with this sector should make for some interesting volatility

          • On January 4, 2021 at 3:46 pm,
            Matthew says:

            Buzz, explorers usually move after everything else just as the safer producers usually move before everything else. The reasons are simple. Producers are much easier to value and therefore, bargains among them are easier to spot. Accordingly, explorers are not supported by investor sentiment until later in a move for the preceding reasons as well as the fact that they tend to scare latecomers more easily with their bigger moves and lower volume. Brixton, for example, rose twice as much as SILJ following the March low and even more than Impact or Hecla (7 fold increase for Brixton vs roughly 5 fold for the other two). Not surprisingly, it subsequently fell twice as much as SILJ and about 30% more than HL or IPT.
            I bought hundreds of thousand of shares near the recent lows even though I had plenty beforehand, for what it’s worth.
            I really like what I see technically as well as what I know about the company’s prospects but higher prices will almost certainly still bring out some eager dumb money sellers who got in late during its rise into the August high so price swings will probably remain somewhat larger than usual for awhile.
            https://stockcharts.com/h-sc/ui?s=BBB.V&p=D&yr=1&mn=11&dy=11&id=p62509478583&a=705725762

        • On January 4, 2021 at 2:43 pm,
          Excelsior says:

          I’m sure Brixton will eventually play catch up to the other Gold/Silver stocks, but it has underperformed over the last 1/2 year. I did well on Brixton selling most of the position into the summer surge, but bought it back in tranches in the 2nd half of 2020 and didn’t do well on that position, so sold it in December for a tax losses. I need to wait until mid-January to buy it back, but there are so many other Silver and Gold explorers and developers that have been offering nice leverage to the metals, so those have been better ones to focus on.

          • On January 4, 2021 at 3:04 pm,
            Excelsior says:

            It was nice to see Silver and the Silver miners break higher today. About 2/3 of the Silver Junior explorers and developers really had a nice run in this year’s first trading session.

            Symbol – Silver Explorers & Developers – Daily Change %

            MMN.V Monarca Minerals Inc. +24.00%
            ANZ.V Alianza Minerals Ltd. +22.50%
            TUF.V Honey Badger Silver Inc. +21.43%
            SVB.TO Silver Bull Resources, Inc. +19.28%
            REX.V Orex Minerals Inc. +18.18%
            BRC.V Blackrock Gold Corp. +17.05%
            KS.V Klondike Silver Corp. +17.02%
            IVR.AX Investigator Resources Limited +16.22%
            TM.V Trigon Metals Inc. +15.63%
            SSV.V Southern Silver Exploration Corp. +15.38%
            ABRA.V AbraPlata Resource Corp. +15.38%
            BNKR.CN Bunker Hill Mining Corp. +15.38%
            SNG.V Silver Range Resources Ltd. +14.89%
            AZS.AX Azure Minerals Limited +14.42%
            AUU.V Gold79 Mines Ltd. +14.29%
            DSV.V Discovery Metals Corp. +14.29%
            AUN.V Aurcana Silver Corporation +13.21%
            AAG.V Aftermath Silver Ltd. +12.77%
            GOG.V Golden Tag Resources Ltd. +12.07%
            VIPR.V Silver Viper Minerals Corp. +11.24%
            SIL.TO SilverCrest Metals Inc. +11.13%
            SVL.AX Silver Mines Limited +10.87%
            MMG.V Metallic Minerals Corp. +10.45%
            BTT.V Bitterroot Resources Ltd. +10.00%
            BHS.V Bayhorse Silver Inc. +9.52%
            CLZ.V Canasil Resources Inc. +9.09%
            SSE.V Silver Spruce Resources Inc. +9.09%
            SLV.CN Silver Dollar Resources Inc. +9.04%
            AUMN Golden Minerals Company +8.99%
            SVE.V Silver One Resources Inc. +8.96%
            DEF.V Defiance Silver Corp. +8.89%
            ARD.AX Argent Minerals Limited +8.77%
            AZT.V Aztec Minerals Corp. +8.57%
            JAX.V Jaxon Mining Inc. +8.33%
            NBR.V Nubian Resources Ltd. +7.55%
            MAG.TO MAG Silver Corp. +6.79%
            RYO.V Rio Silver Inc. +6.67%
            SXL.V Slam Exploration Ltd. +6.67%
            CMB.V CMC Metals Ltd. +6.52%
            SSVR.CN Summa Silver Corp. +5.34%
            ASL.V Argentum Silver Corp. +5.26%
            CCM.TO Canagold Resources Ltd. +5.19%
            GRSL.V GR Silver Mining Ltd. +5.13%
            MTR.L Metal Tiger plc +4.30%
            KUYA.CN Kuya Silver Corp. +3.47%
            AXU Alexco Resource Corp. +3.15%
            NUAG.V New Pacific Metals Corp. +2.65%
            MSV.TO Minco Silver Corporation +1.89%
            BCM.V Bear Creek Mining Corporation +1.28%
            RSLV.V Reyna Silver Corp. +0.73%

          • On January 4, 2021 at 3:09 pm,
            Excelsior says:

            The Silver Producers were making hay while the sun was shinning today as well:

            Symbol – Silver Producers – Daily Change %

            GATO Gatos Silver, Inc. +18.04%
            GGD.TO GoGold Resources Inc. +13.73%
            FSM Fortuna Silver Mines Inc. +12.01%
            EXK Endeavour Silver Corp. +11.71%
            FRES.L Fresnillo Plc +10.58%
            GPL Great Panther Mining Limited +9.95%
            AYA.TO Aya Gold & Silver Inc. +9.09%
            PAAS Pan American Silver Corp. +8.17%
            HOC.L Hochschild Mining plc +7.80%
            ASM Avino Silver & Gold Mines Ltd. +7.69%
            EXN.TO Excellon Resources Inc. +7.67%
            SSRM SSR Mining Inc. +6.91%
            AG First Majestic Silver Corp. +5.95%
            SVM Silvercorp Metals Inc. +5.83%
            IPT.V IMPACT Silver Corp. +5.61%
            HL Hecla Mining Company +4.78%
            CDE Coeur Mining, Inc. +4.64%
            USAS Americas Gold and Silver Corporation +4.33%
            SCZ.V Santacruz Silver Mining Ltd. +4.26%

  8. On January 4, 2021 at 3:49 pm,
    Matthew says:

    Silver made a new 3.5 month high today but was stopped by the same pitchfork resistance that stopped it 3 weeks ago.
    I bet it will overcome that resistance this week and make a new 52 week high this month.
    https://stockcharts.com/h-sc/ui?s=%24SILVER&p=W&yr=5&mn=6&dy=0&id=p90745328214&a=501194637

  9. On January 4, 2021 at 8:00 pm,
    Buzz says:

    I tend to trade in whackamole fashion. Take some profit here, buffer positions there, keep a core. For some, today I sold in the morning & replenished same shares in afternoon. Any comments on Silver Elephant?

    • On January 4, 2021 at 9:23 pm,
      Matthew says:

      Your approach can be a good one for sure. As for Silver Elephant, I don’t own or follow it but would be happy to own it based on the chart. It’s got a nice breakout on good volume and looks good/healthy overall.
      https://stockcharts.com/h-sc/ui?s=ELEF.TO&p=D&yr=1&mn=0&dy=0&id=p02835846919

    • On January 4, 2021 at 11:26 pm,
      Excelsior says:

      Hey Buzz – I take a similar “whackamole fashion” that you mentioned. “Take some profit here, buffer positions there, keep a core.”

      I typically will look at the technical set up first for any buy/sell signals that jump out. If it is murky, then I look at prior company newsflow and market updates on what they anticipate or forecast as guidance, and then see how they are doing on their strategy. Some days, if I’m pinched for time, I just quickly sort my portfolio overall weighting and consider whether that is on track, and then sort my positions by biggest gainers and losers on the day to look for double digit gainers and losers for a potential trim or add, and then I look at overall percentage gains & losses (coupled with the associated dollar amount loss or gain) and decide to buy/sell/or hold.

      Good trading to you in 2021 sir!

      • On January 4, 2021 at 11:33 pm,
        Excelsior says:

        Recently I’ve been feeling overexposed on too much margin and just more weighting than anticipated in just Gold & Silver stocks so I lightened up on about a dozen stocks today (also reduced positions in a few other sectors like Uranium, PGMs, and Base Metals that had really moved). Even though many are expecting some challenges in the short term I’m still pretty constructive and bullish on the seasonal Q1 Run that we’ve seen in Jan – early March for many years, but will be on high alert. I’m keeping one foot out the exit door in case we see a deadcat bounce that temporarily strengthens the US dollar pressuring commodities, or market headwinds, or a sell everything crash. Having said that, if we just see normal blips down in some of the names I trimmed back today, then I’ll likely add those positions back at a better price-point.

        • On January 4, 2021 at 11:37 pm,
          Excelsior says:

          To be clear, I’m quite fine and well positioned if the PMs, base metals, Uranium, Lithium, and other sectors want to keep running higher. My belief is that you should be able to rest easy and trade calmly in one’s portfolio, and raising some extra funds today put my mind at ease that if we do see any turbulence, I’ll be poised to act accordingly.

  10. On January 4, 2021 at 10:41 pm,
    Ozibatla says:

    https://goldseek.com/article/gold-market-update-set-soar-hyperinflation-looms

    Cautioun here guys Clives calling for a takeoff in golds price, haha. One never knows I suppose but I think not as Clive has good form of calling the opposite regarding gold. A good start to the year nonetheless. Im more inclined to be in the camp of what Glenfidish has stated may occur in the gold market.

    • On January 4, 2021 at 11:21 pm,
      Excelsior says:

      Haha! I actually really like reviewing Clive’s analysis, and was very accurate for some time at the end of the bear market in 2015 and beginning of the new bull in 2016 , and then for about 2 years in 2017-2018 he became a counter-indicator, but over the last 2 years he’s been back on track again in 2019 and 2020.

      Thanks for posting it Ozibatla and I’ll go check it out.

      • On January 4, 2021 at 11:46 pm,
        Excelsior says:

        Interesting point from Clive:

        “On the 6-month chart we can see gold’s corrective downtrend from its highs of last August in detail. Right now it is at the upper boundary of this downtrend and so it could react back again. However, various factors suggest that it will soon get on with it and break out of this downtrend, which should lead to a vigorous ascent. If it should react back somewhat short-term it will simply be viewed as another buying opportunity.”

        _____________________

        It will be interesting to see which way it breaks — Whether gold can break out of that 6 month downtrend, or whether it is getting ready to head down again to the bottom of that channel, which as Clive mentioned above would be another good buying opportunity.

        • On January 5, 2021 at 12:46 am,
          Excelsior says:

          This BPGDM chart from Clive was also spot on, and shows the extreme overbought levels back in last July & August, which I had pointed out as tell that the miners were overbought and breadth and sentiment was getting frothy. That is exactly what it was signaling and the miners have pulled back since that summer high and 100 reading on BPGDM in a meaning full way over the last 4 1/2 months.

          https://goldseek.com/sites/default/files/inline-images/image-20210104071546-4.jpeg

          • On January 5, 2021 at 2:13 am,
            Ozibatla says:

            Yep agreed!

    • On January 4, 2021 at 11:31 pm,
      Matthew says:

      Ozibatla, I think Clive could be onto something this time, especially once gold clears about 1970 (which is not specifically addressed on the following very bullish-looking chart):
      https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=11&dy=0&id=p60634236357&a=848353817

      • On January 5, 2021 at 3:40 am,
        Excelsior says:

        Yes, it would be quite encouraging if Gold can take out the most recent peak from last fall, and then possibly make a run at the all time high from last year. We’ll see soon if Gold has the juice to do it on this run, or if it tops out soon, drops back to recharge and the makes a move at both those prior peaks. I’d like to see that happen in the seasonably bullish first quarter, but it takes a pause that refreshes first, that’s just fine as well.

  11. On January 4, 2021 at 11:37 pm,
    Ozibatla says:

    Yeh for what its worth, my caution was said partly in jest. I too enjoy Clives posts because the analysis can be quite thorough and informative. I just dont think we go parabolic yet. I think we will back and fill for abit before clearing $2000 and hopefully making a move past the all-time high before the traditional “sell in May go away” period.

    • On January 4, 2021 at 11:49 pm,
      Excelsior says:

      Agreed Ozibatla. I won’t be upset if gold decides to break out of the downtrend and head up into the $2100-$2200 zone, but I’m also fine with Gold trending back down to get energy for the next move higher. Either way creates interesting opportunities.

      Ever Upward!

  12. On January 5, 2021 at 12:51 am,
    Ozibatla says:

    Yeh it is interesting as one could make a case for gold either way: 1) By breaking out of the downtrend, it will quickly grab $2000 plus. 2) After making good ground from the November low around $1750, it takes a breather.

  13. On January 5, 2021 at 12:59 am,
    Ozibatla says:

    More good analysis in this link:

    https://goldseek.com/article/depth-look-gold

    • On January 5, 2021 at 3:47 am,
      Excelsior says:

      That was a pretty good Gold and TA overview from Rambus.

      Thanks for sharing the link Ozibatla.

      • On January 5, 2021 at 4:13 am,
        Ozibatla says:

        No problems at all!

  14. On January 5, 2021 at 3:17 am,
    Excelsior says:

    This interview with David Kranzler, who is a very savvy Jr Resource investor, really was interesting. I’m always interested to get his thoughts, but Bill does a good job of getting David to open up about how he got positioned in some of his stocks, potential risks & rewards, and his analysis in a few different investments like Bonterra, Discovery Metals, GR Silver, and more recently into Blackrock Gold and Cabral Gold. He also makes a great point at the end about how some jurisdiction risk is overblown on a national level, and the most jurisdiction risk is on the local level and can crop up anywhere.

    _________________________________________________

    2021 Mining Stock Picks & Reviewing Some 2020 Picks with Dave Kranzler

    MiningStockEducation – Jan 4, 2020 #VIDEO Interview

    https://youtu.be/2BrFIHj4Y0Q

  15. On January 5, 2021 at 3:29 am,
    Excelsior says:

    (SILV) (SIL) SilverCrest Metals: A Top Takeover Target In The Silver Space

    Jan. 04, 2021

    “This significant outperformance is likely due to the company’s continued exploration success, increasing the probability that Las Chispas could ultimately hold over 150 million silver-equivalent ounces.”

    “While SilverCrest is up significantly since 2019, I continue to see long-term upside given that the company could be one of the highest margin producers in the sector by 2022.”

    https://seekingalpha.com/article/4397167-silvercrest-metals-top-takeover-target-in-silver-space?utm_medium=email&utm_source=seeking_alpha#alt1&mail_subject=silv-silvercrest-metals-a-top-takeover-target-in-the-silver-space&utm_campaign=rta-stock-article&utm_content=link-2

    • On January 5, 2021 at 10:10 am,
      Excelsior says:

      Peter ⚒ Spina @goldseek on Twitter:

      “Silvercrest the winner that keeps giving”

      >> (SILV) (SIL) SilverCrest Announces US$120 Million Project Financing Facility and US$76.5 Million Fixed Price EPC Contract for Construction of Process Plant.

      Jan. 4, 2021

      “In anticipation of making a final construction decision based on a Feasibility Study for the Las Chispas Project, SilverCrest Metals Inc. is pleased to announce that its Canadian subsidiary has entered into a credit agreement with an affiliate of RK Mine Finance to provide a secured project financing facility for a total of US$120 million for the purpose of funding the construction of Las Chispas. Concurrently, one of the Company’s Mexican subsidiaries has entered into a fixed price Engineering, Procurement and Construction contract with Ausenco Engineering Canada Inc., and one of its affiliates, for construction of the Las Chispas process plant.”

      https://www.stockwatch.com/News/Item?bid=Z-C:SIL-3012433&symbol=SIL&region=C&fmt=orig

      • On January 5, 2021 at 10:14 am,
        Excelsior says:

        It appears Silvercrest (SILV) is about to enbark on it’s “Golden Runway” (or in this case “Silver Runway”) phase of it’s mining cycle over the next year 1/2. This should be a exciting next 1-2 years as Silvercrest is set up to be one of the lower cost Silver producers, and it still has a ton of exploration potential and many more veins to drill nearby to it’s primary Las Chispas Project that can compliment their mine plan. This will be a new economic Silver mine, and my only hope is that they can get it up and running and throwing off cash before one of the big boys buy them out.

  16. On January 5, 2021 at 3:49 am,
    Excelsior says:

    Why Fund Manager Chip Russell is Bullish on Lithium Americas Corp. (LAC)

    MiningStockEducation – Dec 31, 2020

    0:59 Lithium market outlook
    4:30 Answering the lithium bear argument
    7:39 Tesla & the lithium price
    9:31 Bullish on Lithium Americas Corp
    12:11 Risks
    19:35 Share price targets
    20:45 Tertiary impacts on $LAC share price
    25:00 Recent $LAC share price action

    https://youtu.be/1_HTDgmZSzQ

  17. On January 5, 2021 at 4:58 am,
    Glenfidish says:

    How about it boys?

    $1950.53 spot gold bang on lol..

    Or as Matthew would say $1954.40 gold futures bang on!

    Both within my target of $1950-$1950 extension of head/neckline formation.

    So I think the 6 th/ tomorrow will creat a temporary top which would allow gold to back fill and build that right shoulder for a few days and weeks before heading higher.

    For the record I’m currently of the thinking we will retest gold highs “ not exactly the highs but close enough” and back fill before breaking it. The retest if correct would time In with
    A end of March beginning of April top.. which goes in line with sell in may except the top imo would come slightly earlier and May/jume would put in a low. Anyhoo this is a general view don’t pin point me to specific day or week although as many of you know I like to challenge myself to accuracy. The just is an overall consensus at what I’m looking at.

    Whats does this mean? It means what Matt has been saying, miners will outperform and we are about to embark on incredible gains.

    Patience Patience let the market come to you!

    Glen

    • On January 5, 2021 at 6:27 am,
      Ozibatla says:

      Looking good so far Glenfidish!

      • On January 5, 2021 at 7:13 am,
        Glenfidish says:

        Thanks Ozi!

        • On January 5, 2021 at 7:41 am,
          Canuckski says:

          OK, this is good Glennie! I appreciate the update.
          What does your latest insights say in terms of the backtesting? Do we dip down to 1800 or stay above 1900 over the next couple of weeks before we go to 2000?
          Much appreciated.

          • On January 5, 2021 at 11:04 am,
            Glenfidish says:

            Ski,

            Right shoulder formation back and forth whipsaw action should and may possibly go down to $1850-$1880.. imo of course

            Glen

          • On January 5, 2021 at 5:03 pm,
            Canuckski says:

            OK super. Thank you.

  18. On January 5, 2021 at 5:02 am,
    Glenfidish says:

    The above meant $1950-$1960 still a bit foggy. Not much sleep 🙁

  19. On January 5, 2021 at 5:20 am,
    BDC says:

    Miners are becoming fully saturated (topping).

  20. On January 5, 2021 at 5:40 am,
    BDC says:

    Mayor Bowser has called out the DC National Guard .
    Tomorrow may become more of these “Interesting times”.

  21. On January 5, 2021 at 6:42 am,
    David says:

    Rebought Anaconda.

    • On January 5, 2021 at 7:02 am,
      David says:

      Anaconda: good drill results but have 7-8 mil warrants due to expire on Jam 10th which may hold price in this area. Info gained from ceo.ca Anaconda site.

      • On January 5, 2021 at 9:58 am,
        David says:

        Also picked up some Sun Summit. Good drill results today.

        • On January 5, 2021 at 10:05 am,
          Excelsior says:

          Anaconda is a solid Jr Gold producer, well run, and I really like their exploration potential on their large development project Goldboro.

          I’ve not looked into Sun Summit, but appreciate the heads up David. Good luck in the trade.

          • On January 5, 2021 at 10:27 am,
            David says:

            Ex: Also added to Baru again and a few more to New Age. Thanks on the info on those. Re: Sun Summit. May want to take a look at Eric Coffin’s site on Ceo.ca if you haven’t already. More info there on Sun Summit.

          • On January 5, 2021 at 10:30 am,
            David says:

            Almost forgot. Added a small amount to Palladium One as having a good day.

          • On January 5, 2021 at 4:26 pm,
            Excelsior says:

            Nice work David. I trimmed back some of my gains in Baru Gold, as it has moved much faster than anticipated, and if we see a pullback, I’m buying back more shares with the profit money, because it will be at a better price point.

            I’ll take a look at Sun Summit and value Eric Coffin’s perspective on earlier stage companies.

            I don’t own Palladium One, but have considered it. My PGM plays are New Age Metals (that you mentioned), Generation Mining, Grid Metals, Jubilee Platinum, Group Ten Metals, and Platinum Group Metals. I pulled profits in Platinum Group Metals after a huge run higher (3 bagger), but it exploded higher again today by over 14%. Damned if you do, damned if you don’t — regarding trimming profits.

          • On January 5, 2021 at 6:04 pm,
            David says:

            I have added several times to Baru, Group Ten and Palladium One. Thanks for reminding me to take profits. Monday was good for all and today was good for PO. I am not sure what tomorrow will bring but if Dems get the tie on Senators I would expect positive for commodities as we will hear more infrastructure talk. However, it is not as if the Pandemic is better.

          • On January 6, 2021 at 3:38 am,
            Excelsior says:

            Yes, tomorrow may be a free for all, with all the political circus, but many of the commodities like Copper, Zinc, and Platinum, along with the Precious Metals are moving higher in overnight trading.

            Regardless, if you’ve had been runs in certain miners, there is nothing wrong with taking a few profitable chips off the table in such uncertain times. I did the same in stocks I felt were getting a bit too far ahead of themselves, but left most of the core positions on to ride higher if the metals keep breaking out, and if the US dollar keeps weakening.

    • On January 5, 2021 at 7:57 am,
      David says:

      Previous submitted post disappeared. Go to ceo.ca anaconda for the same info.