Weekend Show – Sat 9 Jan, 2021

2021 is going to be wild so we talk investment strategies for commodities and US Markets

Full Hour Show

What a start the markets had to start 2021. Volatility in pretty much every market is sticking. It’s going to be another wild year so on this weekend’s show I have my guests share their strategies for this year and the sectors they think will do best.

Please keep emailing me with you questions for companies and topics you want more coverage on. My email address is Fleck@kereport.com.

  • Segment 1 and 2 – Mike Larson, Editor of the Safe Money Report kicks off the show by analyzing how the Blue Wave election result will impact a wide range of investment sectors. This ties into a conversation on future Fed policy, inflation, and a range of commodities.
  • Segment 3 – Sean Brodrick, Analysts over at Weiss Ratings is up next to share his invest strategy for 2021. The sectors discussed are copper, uranium, lithium, solar energy, and gold.
  • Segment 4 – Axel Merk, President and CIO at Merk Investments wraps up the weekend show discussing investing in gold miners. The team at Merk Investments is hosting a webinar on Thursday at 4:15pm EST that will provide even more information on gold miners. Click here to sign up for the webinar.

Exclusive Company Interviews This Week


Mike Larson
Sean Brodrick
Axel Merk

Comments:
  1. On January 9, 2021 at 3:40 am,
    Thomas says:

    Cory, thanks for covering the larger image

    • On January 9, 2021 at 6:33 am,
      OOTB Jerry says:

      First HIs……Then Yours………..think about it……

      • On January 9, 2021 at 9:10 am,
        b says:

        It is what it is Jerry, the papers we will most likely need will be vaccination papers, eventually you will need them to walk on the street.

        And people will agree.

        On the bright side, most people lived just fine under nazi rule, they actually had a good social net, the unemployment and hunger ended.

        We have alot of that now, me thinks people will be quite happy.

        • On January 9, 2021 at 9:39 am,
          OOTB Jerry says:

          b…..I would add a comment, but, I think , I have stated everything that I think before.

        • On January 9, 2021 at 12:44 pm,
          BDC says:

          “Vax Macht Frei”

          • On January 9, 2021 at 5:19 pm,
            bonzo says:

            Vax macht tot!

  2. On January 9, 2021 at 5:25 am,
    Excelsior says:

    Good Macro Overview on this weekend show. Thanks to Cory, Big Al, and all the contributors that make the KE Report a great place to gather and share insights.

    Ever Upward!

    • On January 9, 2021 at 5:30 am,
      Excelsior says:

      It is nice to hear from Sean Broderick as he is able to distill the trends in many different commodity & energy markets, and nailed it with the growing interest in Copper, Uranium, Solar, and Lithium, and Gold. He was also a first mover in the Cannabis sector.

      Also, what a treat to get to hear from the rapid fire Axel Merk. He used to be on the KER more regularly, and it was good to get his big picture perspectives.

      • On January 9, 2021 at 8:24 am,
        Wolfster says:

        Regarding solar….does anyone know if they finally dealt with the issue of what to do with old ones that can’t be taken to the local landfill due to the materials being toxic

        • On January 9, 2021 at 8:50 am,
          Excelsior says:

          Wolfster, I remember reading reports about the Chinese having a huge issue disposing of the old solar panels, but don’t know what the resolution to the challenge was.

          Have you heard of that company PyroGenesis Canada? They have plasma torches so hot that one of the proposed uses is in discarding by burning at super high heats toxic or problem materials. I wonder if something like this may be part of the future solution?

          https://www.pyrogenesis.com/products-services/waste-management/

          • On January 10, 2021 at 5:20 am,
            Wolfster says:

            Hadn’t heard of them……but having checked them out I’ve put them in my clean watch list. Thanks

          • On January 10, 2021 at 1:26 pm,
            Excelsior says:

            Yeah, I don’t own PyroGenesis, but there was a lot of chatter about them over at ceo.ca, and I finally had the time to do a little research, and was interested in all the potential industrial applications of their plasma technology. I may jump in on the next pullback, just for an iron in the fire of plasma.

        • On January 9, 2021 at 12:48 pm,
          BDC says:

          Shipped to Smithfields for feed.

  3. On January 9, 2021 at 5:35 am,
    Excelsior says:

    This was a good overview about Gold breaking out and back-testing the 6 month downtrend channel it’s been in since August. He also makes some cogent remarks on not abandoning Gold for Bitcoin at these levels, even though he’s a fan an investor of both markets.

    ______________________________

    Gold price getting crushed, here’s why and where it’s headed next – Gareth Soloway

    Kitco News – Jan 8, 2021

    Investors are dumping lower yielding assets like gold to buy higher volatility securities like Tesla shares and bitcoin, said Gareth Soloway, chief market strategist at In The Money Stocks, but Soloway is not selling his gold yet.

    Soloway’s comments come as Friday’s nonfarm payroll report showed a loss of 140,000 jobs in December, the most since the start of the pandemic.

    0:00 – Why gold is getting “pounded” today
    2:27 – Inflation expectations down
    3:31 – Money pulled out of gold
    6:30 – 140,000 jobs lost in December
    7:45 – Next key levels for gold
    13:50 – Yield curve rising

    https://youtu.be/fFkRZJbErPE

    • On January 9, 2021 at 5:43 am,
      Excelsior says:

      Speaking of Bitcoin, I had posted this R.V. interview earlier in the week, but it was a good macro chat and worth the listen on a range of market forces.

      ___________________________

      Dan Morehead: The Next Phase of the Crypto Bull Market (w/ Raoul Pal)

      Real Vision Finance – Jan 6, 2020

      “Dan Morehead, CEO and founder of Pantera Capital, joins Real Vision CEO Raoul Pal to discuss the current macro setup and its relationship to crypto as well as why this crypto bull market is different from the last and what the potential benefits could be from incoming regulations. Morehead explains what the focus at Pantera Capital has been over the past several months, including what he expects to outperform in the crypto sector. He also describes how he sees the crypto ecosystem evolving over the next few years and why the entry of Paypal into the crypto space is significant.”

      https://youtu.be/x6c6eeP-e8Q

      • On January 10, 2021 at 5:32 am,
        Wolfster says:

        I’m a huge Pantera fan…finding it hard take anything someone from Pantera says seriously….definitely see it going higher than most imagine

  4. On January 9, 2021 at 6:05 am,
    RICHARD/DOC says:

    Another metal to watch is zinc which I believe is starting its’ own bull market. I wouldn’t be surprised to see a major zinc shortage in the next couple of years. OM.V is an interesting play in this market.

    • On January 9, 2021 at 6:23 am,
      Thomas says:

      But zinc is not a battery metal?

      https://www.bloomberg.com/news/articles/2020-03-06/meet-zinc-the-cheap-metal-gunning-for-lithium-s-battery-crown

      Why you think there is a new run on zinc?

    • On January 9, 2021 at 6:45 am,
      Excelsior says:

      Interesting comments on Zinc Doc. Yes, the recent dollar weakness has been good for the commodity sector across the board – Oil, Silver, Platinum/Palladium, Copper, Nickel, and Zinc/Lead (normally Zinc and Lead appear together and are mined together, and depending on the rest of the metals mix Silver, Copper, Gold, PGMs or what penalty metals are present Arsenic, Mercury, Maganese, then different concentrates are produced to optimize pricing credits with the smelters.

      I’ve noticed that Zinc has already had a nice run from around $0.90 to $1.30 and closed at $1.27 on Friday. As you mentioned the supply / demand fundamentals have looked good for the last few years.

      My main Zinc plays have been Trevali (the top Jr Zinc/Lead/Silver producer) that was in a rough financial spot in 2019 and coming into 2020, but pulled a rabbit out of the hat with a financing deal, right as the Zinc prices recovered, so it looks like it is going to live to fight another day. Trevali is a bit of a Glencore appendage, but that is why I’m comfortable owning it as they are definitely one of the big boys.

      I’ve had a position in (SMTS) Sierra Metals for the last 2 years and really have done will with it in 2020 magnifying gains with a few good swing trades to scalp extra profits, but I sold it all yesterday (Friday) when they put out a release that they may sell some assets, or the whole company. That really came as a Friday surprise news story, and maybe it will end up being a good thing where they are bought out at a premium, but it came across as a cry for help, and not a solid position of strength, so I liquidated it. They are 39% Copper, 21% Silver, 21% Zinc, 10% lead, and 9% Gold in their production output.

      I have a small position in ZincX Resources because I believe they are a reasonable takeover target and their land is adjacent to projects that Teck and Korea Zinc hold, and they also have some properties nearby that are optioned in a JV with Teck and Korea Zinc.

      My Zinc positions in Tinka and Vendetta got blown out as tax loss sales in 2020, and I have to wait until late January to buy them back, but I likely won’t get back into VT, but maybe TK.

      As mentioned on yesterday’s blog when speaking with Chris; I had just picked up Silver Bull as another larger lower grade but sizable Zinc/Lead/Silver deposit, but sold it for a quick gain this last Wednesday. I may pick up Southern Silver instead the next time I get in the mood for another large scale low grade optionality play on Silver/Zinc/Lead.

      Really if people are invested in the Silver miners, then by default, most are exposed to the Zinc & Lead markets as well, and so my general thesis has been if Zinc & Lead are doing well, then this only helps underpin my Silver miners.

      Cheers!

    • On January 9, 2021 at 7:02 am,
      Thomas says:

      Zinc was a terrible Investment the last 10 years.
      Trevali is a good example. They had good projects, but were close before bankruptcy. The share count went from 100 million to 1 billion. Last financing was 186 million shares for 18.5 cent

      https://www.trevali.com/news/news/news-release-details/2020/Trevali-Closes-C34508050-Unit-Offering-Including-Full-Exercise-of-Over-Allotment-Option/default.aspx

      • On January 9, 2021 at 7:17 am,
        Excelsior says:

        Agreed Thomas. The last 10 years were brutual for Zinc/Lead companies, and weren’t that stellar for most base metals companies really. However, we are looking at trends going into 2021 and 2022, and Zinc is set up better moving forward from a supply demand standpoint, from a pricing standpoint, and from a reflation/inflation trade standpoint.

        As for Trevali, yes, they had a “near death experience” (lol), but that was what my comment up above was about regarding that financing being the rabbit they pulled out of the hat. The fact that TV got financed gave them a new lease on life, as the other options they were considering were selling 1 or 2 of their 4 Zinc mines, giving up part of the company to a larger strategic investor, or going bankrupt. As an investor I was buying before they announced those options, so I got very nervous my investment could vaporize, but thank goodness I held on as Trevali was a big winner for me in 2020 and had quite an ascent higher for the balance of the year. Again, the rising Zinc prices from $0.90 to $1.30 also helped. I picked TV for the Summer stock picking contest over at ceo.ca and it helped me win a Silver bullion coin. 🙂

        • On January 9, 2021 at 12:44 pm,
          Charles says:

          I bought Trevali last March for pennies on the dollar last March. It has been quite a ride! Still hold all my shares. Might start to take some profits just to reallocate a little.

          • On January 9, 2021 at 1:19 pm,
            Excelsior says:

            Nicely done Charles! I’ve traded it off and on for years, but had initially staked out a new Trevali position on Jan 3Oth, the pandemic market crash came 1 month later, and so I focused buying precious metals and uranium stocks in March, but tripled the size of my Trevali position on April 3rd (and pricing has more than tripled from there) I haven’t touched my position yet, because I don’t have a good alternative for a Zinc miner, but I may reduce it down some and just fortify Silver producers with a nice Zinc credit to play both sectors at once.

  5. On January 9, 2021 at 6:53 am,
    Excelsior says:

    Silver to Beat Gold, if It Retests $50, Then Game On, Says David Morgan

    Stansberry Research – Jan 8, 2021

    “As part of the Outlook 2021 series, our Daniela Cambone speaks with David Morgan of the Morgan Report about issues he is most concerned about as we start the new year.”

    “Morgan gives his opinion on how silver could beat gold in 2021. With a huge push for the Green New Deal and the amount of silver that would be required for renewable energy, Morgan claims that if silver retests its all-time highs of $50, then the sky’s the limit. “The last chapter has not been written for silver,” he notes.

    https://youtu.be/JVNgbncq1KE

    • On January 9, 2021 at 7:00 am,
      Excelsior says:

      Personally, I’d be thrilled if #Silver just took out the recent peak at $29-$30 again for starters, as that would ignite many of the silver stocks.

      Sure if Silver does eventually take out the all time high around $49-$50, then that would be nice too, but one step at a time… That seems quite possible as this bull market unfolds, but let’s look at the more recent peak from last year as a line in the sand that must be crossed first, and then the resistance targets in the $30’s and $40’s next, and then when it is appropriate the all time high and beyond.

      • On January 9, 2021 at 7:07 am,
        Excelsior says:

        There are no shortage of opinions, analysis, and theories on why Gold & Silver had such a brutal pullback on Friday, with Gold heading down to $1833 at one point and Silver down to $24.59 mid-day. Here are a few that hit my feed that I’ll share with the KER crew (not an endorsement, just different perspectives to mull over).

        _______________________________

        Gold & Silver Crushed Today! Here’s Why

        SalivateMetal – Jan 8, 2021 #VIDEO

        https://youtu.be/6E_ho9n3rjc

        • On January 9, 2021 at 7:08 am,
          Excelsior says:

          Why Gold & Silver Took a Hammering Today?

          Illuminati Silver – Jan 8, 2021

          https://youtu.be/K2fNqNBhH94

          • On January 9, 2021 at 7:09 am,
            Excelsior says:

            Silver Technical Analysis for January 11, 2021 by FXEmpire

            Jan 8, 2021 #VIDEO

            “Silver markets got absently crushed during the trading session on Friday, as the market reached towards the $26 level. At this point, the 50 day EMA is starting to come into the picture.”

            https://youtu.be/zzdH9x4qEJA

          • On January 9, 2021 at 7:11 am,
            Excelsior says:

            Ira Epstein’s Metals #Video (1/8/2021)

            #TechnicalAnalysis, #Gold, #Silver, #Copper, #Platinum

            https://youtu.be/rRvLpDxgtrQ

          • On January 9, 2021 at 7:22 am,
            Excelsior says:

            Today’s sharp decline in gold leaves many traders, Dazed and Confused

            The Gold Forecast – Jan 8, 2021

            “Many traders and market participants are quite frankly bewildered at the extent of today’s selloff in all the precious metals. You could even say that it is left many gold investors dazed and confused. Market commentators and analysts cited today’s dramatic $66 price drop in gold as a result of U.S. government bonds extending their yields. The belief is that higher potential return from bond yields could be a rational reason for traders to move allocated capital that was positioned in gold into a safer asset class; U.S. government bonds, even though the higher yields are dismal in comparison to past returns.”

            https://youtu.be/K2QdyqhbljE

          • On January 9, 2021 at 7:28 am,
            Excelsior says:

            While this short term action may well be some safe haven money flowing out of Gold and into Bonds, it won’t be sustainable longer term, and I agree with Gary W. that the bond “higher yields are dismal in comparison to past returns.”

            What is far more likely to happen, medium to longer term, is that the Fed will get more involved with yield controls and cap the yields, as Criag H. was pointing out on his KER interview on Thursday.

            http://www.kereport.com/2021/01/07/2021-outlook-for-gold/

            When that plays out, and the Bond Bubble starts to burst over the next few years, it will actually be the reverse of what we just saw, and a large sector rotation out of Bonds and into Gold will unfold, driving demand far higher than where it is currently when inflows from that massive market start showing up in Gold. So in a sense, for the short term Bonds won the battle, but medium to longer term they will lose the war, and the money will show up in Gold, and maybe some will find it’s ways into the crypto currencies.

          • On January 9, 2021 at 7:37 am,
            Excelsior says:

            To explore both sides of the debate though, here is an economic pundit that is arguing everyone on the reflation trade/weak dollar/strong commodity thesis may be on the wrong side of the boat. It always helps to listen to both sides of a debate and look for where one agrees or disagrees.

            ___________________________________

            Could the Reflation Consensus be Wrong? | The Big Conversation | Refinitiv

            Real Vision TV – Jan 6, 2021

            “This week Real Vision’s Roger Hirst uses Refinitiv’s best-in-class data to review the overwhelming consensus for reflation trades in 2021, based on the combination of fiscal and monetary policy, plus the arrival of the vaccine. Already a consensus in late 2020, the theme has built even more momentum into the New Year, with almost all investors favouring short dollar, long commodities, and long emerging market equities. A consensus on this level can easily lead to disappointment.”

            https://youtu.be/NQHYNtHNubk

          • On January 10, 2021 at 5:45 am,
            Wolfster says:

            No one seems to believe it fully but I’m starting to seriously consider it…..the new wave of investors would rather buy bitcoin than gold

          • On January 10, 2021 at 12:42 pm,
            Excelsior says:

            Hi Wolfster. Agreed. There does seem to be a fair number of investors of all ages, but mostly the Millennials and some of the Gen Xer’s and Baby Boomers that are positioning in Bitcoin and the Cryptos over Gold and Silver, but there is an investment audience for both.

            Both Gold and Bitcoin have a number of overlap areas where they can attract similar investors concerned about runaway national debt to GDP ratios all over the planet, the devolving Fiat currencies, the desire to get rid of 3rd party risk that come with most money, the scarcity quality, and as a store of value.

            So there is a lot to like about both, and to some degree they check off those same boxes for investors looking to squirrel away funds “outside the financial system” of any one country.

            Having said that there are some notable differences between the 2 asset classes that also cause some investors to chose to only hold one over the other, or in some cases to deride investors in the other assets (which has never really made sense considering how much they have in common with each other).

            Gold & Silver are tangible real metals on the elemental table, have been money for thousands of year, have physical markets of bars, coins/bullion, are worn as jewelry, and woven into the fabric of society. There are sayings like “good as gold,” the “gold standard,” “gold status” on credit cards, “gold medals” in the olympics, etc… because gold has been and still is synonymous with value. Having said that to store large amounts of gold safely has an associated cost and 3rd party risk if one has a 3rd party company storing it in a vault, verifying the gold only has 1 claim to it, and shipping it to someone if they want to get their hands on the metal in a time of crisis, (if that company can even get someone their gold from the vault in New York, Hong Kong, Zurich, etc… when the poop actually does hit the fan). If people use ETFs backed by physical gold, then again, there are fees to investors so those companies can buy, ship, store, and secure the gold. Gold is increasing being seen by newer investors as a “barbarous relic” or “pet rock” by newer investors, but keep in mind some of them may change their tune over time, and migrate some money over to Gold. Gold is also still the money of choice for Central Bank buying/storing, and it has the most size/liquidity as a safe haven to absorb a rotation out of the Bond markets, when the cheese moves.

            Bitcoin in contrast has only been around about 11 years, and was birthed as a response to the 2008-2009 Great Financial Crisis and the need for a different form of sound digital money, outside of the traditional financial system, that was digital and less clunky than investing in the PMs. While it isn’t a physical metal like Gold or Silver, it is still considered a safe haven and “hard money” due to its scarcity, it’s decentralized nature without counterparty risk, it’s security features, and it’s value derives from the computer power (and energy consumption) behind the verification process – (Proof of Stake); where Bitcoin miners can mine or validate block transactions based on the amount of Bitcoin a miner holds.

            It should be pointed out that this network of decentralized Bitcoin miners is still some form of counterparty risk, because if there are no Bitcoin miners to validate transactions then the network would cease to exist. Also as some Bitcoin miners get larger and larger, then it consolidates more Proof of Stake in fewer and fewer hands. This brings up the common knocks against Bitcoin and the crypto sector:
            “what if the power goes out and stays out?”
            “what if the internet is shut down?”
            “What if there is an EMP and all data is lost?”

            Those worst case doomsday scenarios are quite unlikely to unfold, and if they do then people will have much bigger issues than their crypto wallets, as society will have devolved, and it’s unlikely in that kind of environment that neighborhood stores are going to start accepting Gold bricks for payment either. In that environment then food, liquor, batteries, clothes, and toilet paper will reign supreme for bartering goods on a local level.

            So if we assume, that the world continues to spin, and life continues with the lights on and internet on, then it appears that some form of digital currencies are here to stay, and are the new norm. The question will be which ones get the most adoption, and are they decentralized land scarce like Bitcoin, or centralized and unlimited like a bank or country digital currencies will be? The next question is how will the regulation work for these digital currencies? If Bitcoin or crypto is made illegal in one country, but remains legal in other countries, how will that play out? Will some cryptos become a regional thing, or even a local currency?

            Lastly, beyond the store of value concept, which Gold and Bitcoin are the go to assets, there is still the ease of use and functionality of both, which is far less attractive. There have been some good innovations over the last decade of digital wallets that can be used in everyday life that are backed by Gold or Bitcoin, and quickly convert into someone’s local Fiat currency for buying goods or services. There are also other cryptos and blockchain applications that aim to do something similar as an intermediary between the store of value and the end merchant, but that is still in the wild west phase.

            It will be interesting to see how many crypto investors eventually migrate some of their funds over to the precious metals as time goes on, especially during the nasty sell downs Bitcoin regularly has, and likewise how many Precious Metals investors decide to bite the bullet and finally diversify some funds into the cryptoverse, either directly, or indirectly through a crypto mining company that holds and generates new coins, or through a trust or fund like (GBTC) Grayscale Bitcoin Trust.

      • On January 9, 2021 at 9:11 am,
        Excelsior says:

        Don’t Dismiss Gold And Silver…

        Jan. 08, 2021- Seeking Alpha

        “Signals from the markets that a monetary collapse is increasingly likely include a weakening dollar on the foreign exchanges, bitcoin’s price reflecting an growing disparity between the rate of its issue and that of fiat, rapidly rising commodity prices, and a bubble in non-fixed interest financial assets.”

        https://seekingalpha.com/article/4397904-dont-dismiss-gold-and-silver?mail_subject=don-t-dismiss-gold-and-silver&utm_campaign=nl-macro-view&utm_content=link-0&utm_medium=email&utm_source=seeking_alpha

    • On January 9, 2021 at 9:16 am,
      b says:

      Silver to beat gold if it retests $50?

      Wouldnt silver have already beaten gold if it retests $50?

      • On January 9, 2021 at 9:23 am,
        Excelsior says:

        If Silver went to $50 this year and Gold only climbed from $1833 to $2300, then yest, the performance of Silver would smoke Gold in 2021.

        However, Gold already took out it’s all time high of $1921 last year, where Silver is still only halfway there. Silver has more work to do on a number of prior resistance levels first, but ultimately it will likely break above it’s all time high in this metals cycle. It could happen as soon as this year, but more likely will happen in 2022. Again, from the standpoint of investing in the mining stocks most would see fantastic gains if Silver just got up in the $30’s, so anything over that is just icing on the cake.

        • On January 9, 2021 at 9:34 am,
          b says:

          I was just looking at the headline EX, silver to beat gold if it retests $50.

          % wise, silver hits $50 it already beat gold.

          Your obviously right concerning shares.

          I was kinda makin a jokularity.

          • On January 9, 2021 at 9:50 am,
            Excelsior says:

            Ha! Yeah, understood. You’re correct that it would be far easier for Silver to more than double, than it would be for Gold to do the same. If Silver actually did run to a new all time high in 2021, then it would outperform many asset classes and miners would go into the stratosphere.

    • On January 9, 2021 at 9:28 am,
      Excelsior says:

      Sprott Money News Weekly Wrap-up – 1.8.21

      “With Eric still out to spend time with his family, Bob Thompson of Raymond James in Vancouver joins us to discuss the price action in the precious metals and the mining shares. He also shares his outlook for 2021 and beyond.”

      https://youtu.be/JwdA0cOqJY8

      • On January 9, 2021 at 10:32 am,
        Excelsior says:

        Gold And Silver Market Update – Precious Metals Breakout Is Coming – Steve Penny

        I Love Prosperity – Jan 9, 2021

        https://youtu.be/ktYGI6alOI4

  6. On January 9, 2021 at 7:29 am,
    Dick Tracy says:

    In 1968 Stanley Kubrick made his second major science fiction film 2001: A space Odyssey. The year now is 2021 our world is being run by a super cyborg computer made in Cheena, it has two brains. One the motherboard is used to store a vast amount of data and the other has been programmed to protect itself because it has a pathological fear of being turned off. It also has an alter ego when it is communicating with earthlings, does this remind you of anybody Excelsior! LOL! DT

    • On January 9, 2021 at 7:39 am,
      Excelsior says:

      Haha! You got me DT. All this time I’ve been an AI bot communicating with the earthlings, and their little weak flesh bodies and soft watery brains. 😉

      https://youtu.be/CD9YqdWwwdw

      • On January 9, 2021 at 7:45 am,
        Dick Tracy says:

        HAL-2-9000-DT

        • On January 9, 2021 at 7:52 am,
          Excelsior says:

          HAL-2021 (lol)

          You do know the whole HAL thing was Kubrick adjusting IBM over by 1 letter each right?

          H-I
          A-B
          L-M

          An now Bill Gates is trying to force his technocratic will on the world…

          Coincidence or already foreshadowed as a self fulfilling prophecy?

      • On January 9, 2021 at 7:46 am,
        Excelsior says:

        DT – I know you are a sci-fi fan, but don’t know if you’ve been watching the show Westworld. In it there is a large supercomputer named “Rehoboam” that is a huge big data Artificial Intelligence brain, making all the decisions in society and for people and managing all aspects of life. I’m sure our globalist overlords are working hard on a huge computer like this to rule over us in Technocratic Tyranny.

        ___________________________

        Liam shows Dolores Rehoboam | Westworld S03E01

        https://youtu.be/0SK-cYh5R9Y

        • On January 9, 2021 at 7:54 am,
          Dick Tracy says:

          Hi Ex, my sons have mentioned it a number of times, I must check Westworld out. Thanks for reminding me! DT

          • On January 9, 2021 at 7:56 am,
            Excelsior says:

            As an android, I thoroughly enjoyed Seasons 1 & 2, and for the most part liked Season 3 when my fellow robots break out of the park and infiltrate the “real world” of the silly
            humans.

        • On January 9, 2021 at 8:57 am,
          Thomas says:

          Have you seen the original Movie, Westworld with Yul Brynner from 1973?
          Probably another monument SciFi movie (with countless remakes)

          It looks like that this was the best time. Star Trek and Star Wars came also out at this time
          And IBM was the largest enterprise in the World 🙂

          • On January 9, 2021 at 9:01 am,
            Excelsior says:

            +1 The mid-70’s to early 80’s had so many great ones.

            George Lucas put out THX-1138 before Star Wars, also films like Logan’s Run, Zardoz, The Sleeper, or Barbarella come to mind. Going beyond Flash Gordon into the brave unknown…

          • On January 9, 2021 at 9:26 am,
            Thomas says:

            Have not seen the Westworld TV series yet. Maybe I am disappointed, because the original was so good. There was a predecessor Futureworld from 1976 that was also great.

          • On January 9, 2021 at 9:37 am,
            Excelsior says:

            My advice is do not go into the new Westworld series to compare to the original 2 movies Westworld & Futureworld. Those kinds of comparisons always let down diehard fans. Just think of it as a new story based on that basic concept, with an expanded cast and storyline.

            The actors & actresses are great (Ed Helms and Anthony Hopkins are particularly stellar) and the writing is great, though at times complicated.

          • On January 9, 2021 at 9:45 am,
            Thomas says:

            I didn‘t like Game of Thrones, because of the different stories and the many switches between them. Actually only enjoyed the last series, because of all the action.

          • On January 9, 2021 at 9:49 am,
            Thomas says:

            1979 Alien
            1982 Blade Runner

            The two monument SciFi master pieces from Ridely Scott

          • On January 9, 2021 at 9:53 am,
            Excelsior says:

            Agreed on all 3 points Thomas. 👍🤖👾👽

          • On January 9, 2021 at 4:26 pm,
            Matthew says:

            I’m glad to know that Philip K. Dick (whose book was the basis for Blade Runner) went against the bipartisan cult of Abe Lincoln. Self-professed Marxist-hater CFS can’t even bring himself to do that.
            “A student of the Civil War, he attacked Lincoln “for contesting the supremacy of states’ rights.” As such, he favored Thomas Jefferson’s belief in states remaining autonomous with regard to the federal government, and saw Lincoln violating one of the founding principles of the US.”
            https://www.quora.com/What-were-Philip-K-Dicks-political-views

          • On January 9, 2021 at 4:33 pm,
            Matthew says:

            “The flurry of new laws, regulations, and bureaucracies created by Lincoln and the Republican Party during the early 1860s foreshadowed Franklin Roosevelt’s “New Deal” for the volume, scope and questionable constitutionality of its legislative output.”

            Lincoln’s New Deal

            -Morrill Tariff (1861)
            -First Income Tax (1861)
            -Expanded Postal Service (1861)
            -Homestead Act (1862)
            -Morrill Land-Grant College Act (1862)
            -Department of Agriculture (1862)
            -Bureau of Printing and Engraving (1862)
            -Transcontinental Railroad Land Grants (1862, 1863, 1864)
            -National Banking Acts (1863, 1864, 1865, 1866)
            -Comptroller of the Currency (1863)
            -National Academy of Science (1863)
            -Free urban mail delivery (1863)
            -Yosemite public nature reserve land grant (1864)
            -Contract Labor Act (1864)
            -Office of Immigration (1864)
            -Railway mail service (1864)
            -Money order system (1864)
            https://mises.org/library/awful-truth-about-republicans

          • On January 9, 2021 at 7:10 pm,
            Excelsior says:

            Phillip K Dick had some great stories that inspired… Blade Runner, Minority Report, Scanner Darkly, Paycheck, etc…

    • On January 9, 2021 at 8:42 am,
      Thomas says:

      Stanley Kubrick’s 2001 is probably probably after 50 years still one of the most impressive SciFi movies (way ahead of the time)

      Last year we had monolith sightings all over the planet

      https://m.youtube.com/watch?v=faLA4wGlMmQ

      • On January 9, 2021 at 8:45 am,
        Excelsior says:

        +1 Great point Thomas. The monoliths have arrived (or have they always been here?)

      • On January 9, 2021 at 8:52 am,
        BDC says:

        Another classic is “Forbidden Planet” (1956).
        The Krell and “Monsters of the ID”.
        Anne Francis was great!

        • On January 9, 2021 at 8:55 am,
          Excelsior says:

          BDC – Yes, Forbidden Planet is great!

          • On January 9, 2021 at 9:35 am,
            BDC says:

            I remember that back then a cereal company
            included free tickets inside boxes (Cheerios?).

        • On January 9, 2021 at 3:36 pm,
          blazesb says:

          Don’t forget A Boy And His Dog with Don Johnson.

  7. On January 9, 2021 at 7:30 am,
    BDC says:

    GOLD: https://postimg.cc/zL0d5PG1
    Nearly exact 27.2% expansion down.

    • On January 9, 2021 at 8:13 am,
      BDC says:

      RATES: https://postimg.cc/Jy2zXPdN
      38.2% upward expansion completing ?

      • On January 9, 2021 at 8:57 am,
        Excelsior says:

        Yes there is definitely a correlation, and always has been one with rates and gold. Some of the selling pressure in gold was due to rising rates. The real question is how long will that phenomenon last, and how high can rates realistically go before the FED puts a squash to that?

  8. On January 9, 2021 at 8:54 am,
    Excelsior says:

    Somebody over at ceo.ca posted this really great interactive map of Val d’Or.

    You need to scroll down a bit and click on the interactive “map interface.

    If one hovers their mouse over the different land properties, it tells you which mining company holds it like O3, Falco, Monarch (now Yamana), etc…

    https://digigeodata.com/area/val-dor/

  9. On January 9, 2021 at 9:04 am,
    Excelsior says:

    For those that missed it there were a lot of interesting discussions on various commodity and energy sectors on yesterdays Marc Chandler blog here at the KER.

    Cheers!

    http://www.kereport.com/2021/01/08/key-themes-for-2021-inflation-ev-and-battery-growth-and-the-gold-vs-bitcoin-debate/

  10. On January 9, 2021 at 9:32 am,
    Excelsior says:

    I always like getting Raoul Pal’s perspective’s over at R.V. and here is his big picture outlook.

    _______________

    Raoul Pal’s Macro Framework for 2021 and Beyond (w/ Ash Bennington)

    Jan 08, 2021 #VIDEO Interview

    Real Vision CEO Raoul Pal returns to the Daily Briefing to share with Ash Bennington his updated thesis for the new year. Raoul argues that the prevailing narrative around reflation is a “one-sided bet” (short bonds, short dollars, long commodities, and long equities) that offers little upside, remains vulnerable to the risk of shutdowns, leaves a lasting scar on the labor market that will take years to recover from, and causes a spike in the U.S. dollar, which would serve as a “wrecking ball” for a host of reflation risk assets. Instead, Raoul prefers bonds, a sprinkling of puts on the S&P 500, and of course crypto, namely Bitcoin and Ethereum. Raoul and Ash reflect on the tremendous rally in Bitcoin and discuss how Metcalfe’s law applies to it and Ethereum. They also discuss the implications of the rise in COVID-19 cases, deaths, and hospitalizations and how those factors will affect markets and the economy. In the intro, editor Jack Farley reports on the latest jobs numbers and reviews price action in Tesla, gold, and silver.”

    https://youtu.be/NbTvPeN1ezc

    • On January 9, 2021 at 12:21 pm,
      BDC says:

      I don’t believe it. At least not per what Pal is promoting.
      True. Gold and commodities could ‘collapse’ some more:
      Next possibility, $1711 Gold: https://postimg.cc/sMZTC5nD
      But he bases his thinking upon media controlled conjecture!

      • On January 9, 2021 at 1:11 pm,
        Excelsior says:

        I don’t expect a collapse in commodities either, and just enjoy getting a range of different macro insights, and it helps crystalize one thinking on what one agrees with or doesn’t agree with, and why. There are many times where listening to a different point of view that challenges one’s own thesis sharpens the axe so to speak, or does present potential pitfalls or red flags in a trend or position.

        Having said that, personally I still favor parts of the reflation narrative he was suggesting was an overcrowded trade of long commodities, short dollar, short bonds, but not the long equities portion. If the dollar stays weak and heads lower in the medium to longer term, then it will only underpin a larger commodity bull market, which has already been underway. Sure the dollar could have a countertrend bounce that pressures commodities for a short period, but the trend has been down for a while now, and is likely to continue.

        A weak dollar and inflating commodity prices, don’t necessarily have to conflate with a strong stock market though, although if it kept running for a while longer it wouldn’t surprise me. However the 11 year rally in the general markets is getting very extended, and most of the indexes are extended on the backs of just a few high flying FAANG stocks & Tesla, etc… Much of the breadth of the market is churning and there is a wider breadth of stocks that are turning bearish. As for bonds, they may rally for a short bit, but again, the central banks do not want rates to go too high and they can’t go much lower than they were, so central bankers will and to some extent already have been exercising yield curve controls that keep rates in a narrow range. As mentioned a few times, there will eventually be a rotation out of safe haven bonds and into safe haven gold as a longer term sector trend. Raoul may be correct that some of the institutional funds may park some assets in Bitcoin or Ethereum, but not to the same extent as they will gold with “safe haven” flows, and due to the size and liquidity of the gold market.

        • On January 9, 2021 at 1:29 pm,
          BDC says:

          The brutal truth of fate is that it is WE who determine it.

          • On January 9, 2021 at 1:43 pm,
            Excelsior says:

            Well, I’ve been buying up commodity stocks the last few years, trying to do my part.
            😉

          • On January 9, 2021 at 2:03 pm,
            BDC says:

            Awhile ago you mentioned levels in lieu of trend lines.
            My short term timing model is now based upon them.

          • On January 9, 2021 at 2:20 pm,
            Excelsior says:

            Sounds good BDC,and should mention I like when you post charts here at the KER, and keep up the great work.

            I’m actually a fan of trendlines, price levels as they result to prior peaks & troughs, volume levels, strength and momentum indicators (like RSI, Stochastics, CCI, TSI, TRIX, MACD, ADX), divergences of trendlines to indicators or volume, Japanese candlesticks, Fibonacci extensions/retracements, Elliot Wave, Cycles theory, etc…
            At one point I mentioned I’m cautious of not distilling TA down to just one tool in the bag, like trendlines, for example. That would have it’s advantages, but also miss many trades. There are momentum traders that basically just use the KAMA or maybe a 18 or 20 day moving average to trade, but they are always late on turns in price, and some of those can be big moves before the moving averages catch up. Some only use candlesticks, or just trade bollinger band ranges, but just using one indicator has them “trading outside of the BBs” or the candle pattern “was not confirmed.” There are strengths and weaknesses to any TA approach, and that is why having a few tools to counterbalance each other is wise. Personally I like to see a few confirming chart overlays or indicators lining up with trendlines or moving averages to see 2 or 3 or more confirming factors. The key is that a trader develops a system that works for them, and in particular their trading style and time horizon. Are they using monthly charts to catch the big trends and larger patterns, or are they zoomed in on 5 minute or hourly charts day trading or swing trading exaggerated moves, or trying to catch quick turns to scalp profits. Some of that noise may not even register on the longer time horizon charts.

            There are many styles, techniques, and tools, and none of them are flawless or close to perfect; they just set up good probabilistic risk/reward opportunities or sell signals.

          • On January 9, 2021 at 2:51 pm,
            BDC says:

            Thanks Ex!

          • On January 9, 2021 at 4:37 pm,
            Matthew says:

            Re: “There are momentum traders that basically just use the KAMA or maybe a 18 or 20 day moving average to trade, but they are always late on turns in price, and some of those can be big moves before the moving averages catch up.”

            Can you name one such trader? That looks like a strawman to me.

          • On January 9, 2021 at 7:16 pm,
            Excelsior says:

            Sure doubting Thomas. There was a guy named Trader Jake that used to swear by using the 21 day MA, and over at ceo.ca named @11 that was a royal pain in the rear, that repeatedly claimed all the pros on Wallstreet at his firm only used the KAMA, and it is well documented if you want to go read his drivel over at ceo.ca. He finally left / was kicked out for being so combative about his TA.

          • On January 9, 2021 at 7:28 pm,
            Excelsior says:

            You are very welcome BDC. Keep up the great work.

          • On January 9, 2021 at 8:37 pm,
            Matthew says:

            It’s really the 18 and 20 day MAs as well as your claim that: “they are always late on turns in price” that got my attention. The KAMA is very good when used properly and there’s no reason it would cause anyone to be late on turns, at least not materially so. In addition, it moves much better than traditional MAs as a standalone tool (of it can be used with another KAMA that has different parameters). Here it is on the 15 minute chart for Hecla (for those who can access it):
            https://stockcharts.com/h-sc/ui?s=HL&p=15&yr=0&mn=0&dy=3&id=p30274611813

          • On January 9, 2021 at 8:51 pm,
            Excelsior says:

            Yeah, I went round and round with that @11 turkey on moving averages and the KAMA until he finally flew the coop, after being put in time out 3 different times and insulting dozens of traders and investors and pissing off everyone but a few dedicated fan boys. He continually claimed that nobody could know where a turn would happen in advance, that Technical Analysis never produced downside or upside targets (which is complete BS), and that all anyone should do to make money is buy when stocks go above the KAMA or sometimes he’d use a pet MA like the 9, 10, 11, 20, etc… and sell when they go below it. My point to him was that by using Fib extensions and Elliot Wave, or pivot points, or point & figure charts, or trend lines, that there were plenty of ways to develop targets. I also pointed out to him that if one was zoomed in a daily or hourly chart, and noticed a cross on the stochastics, or a particular Japanese candlestick pattern that they may in fact nail the turn on the day or close to it, where it may take weeks before a sharp move and the data finally catches up with a moving average to issue a buy/sell signal in that system. (especially the longer they are in timeframe).

            Matthew, besides attacking me constantly like a troll, this @11 character also repeated insulted both you and Doc and the people at the KE Report as losers. He also insinuated that you were copying him by using the KAMA when you posted charts over at the KER, and like a fool I defended you several times.

          • On January 9, 2021 at 8:58 pm,
            Excelsior says:

            I just went to go look for those post from him, but apparently the moderates had to finally silence him and remove all his posts. My post responses are still up, along with everyone else’s. He also repeatedly went after Bob Moriarty, Erik W (The Hedgeless Horseman) and Goldfinger, and typically initiated the insults.

            Here are some responses I sent him back, which shows you his obsession with beating people over the head about only using MAs and the KAMA which is a MA as well, and dismissed all other chart overlays, chart indicators, and all other methods.

            __________________________________________

            @Excelsior (March 15, 2018 @ 8:32) – “@11 Thanks. Again the key is finding a trading system that works for the individual, and I don’t look at it as there is only one correct way. Ira Epstein uses the 18 day and 18 week and is very accurate. Stan Weinstein was the king of the 30 week. They all work a as a systematic approach. Personally I analyze each chart to see which moving averages track the action the best and then move forward but mostly use Fib levels 89, 144, 233 day EMAs versus SMAs. To each their own.”

            @Excelsior (March 15, 2018 @ 8:32) – “@11 Yes. Good point. On some of the most liquid stocks the 50 day SMA and 200 day SMA actually do make sense, where on other charts the 20 day is better. It’s best to take the emotion/ego out of it for sure.”

            @Excelsior (March 24, 2018 @ 11:24) – “@11 Congratulations on the successful trading history of 40 years with no losses.
            ” Yes, I agree that the way to survive is to use a technical trading process that capitalizes on good risk/reward set ups, and protects capital as well.”

            @Excelsior (April 7, 2018 @ 17:19) – @11 Both Doc and Matthew are buddies of mine and solid technicians. Matthew is one of the best chartists I’ve seen on any site and has taught many people TA for years over at the KER without an agenda and for free. He has sure taught me a great deal over the years. As for Doc, he was a popular blogger and chartist at the KER and Cory reached out to see if he wanted to share his insights with the audience. We all love the guy. He is not compensated and isn’t promoting anything for his personal gain. Neither of them is a promoter. They are simply sharing ideas because they enjoy this sector & trading. Doc is better on the longer term picture, and Matthew is good with short term moves.”

            @Excelsior (April 12, 2018 @ 14:20) – “@11 Did you reach out to Matthew over the KER and share the KAMA overlay with him?”

            I”‘ve been out of pocket a lot lately and haven’t kept up with all the boards the last 2 weeks. He uses a number of different charting indicators, overlays, and tools, so he may have just decided to use it (KAMA), as he’s fairly well-versed and changes things up to look at a number of data points.”

            @Excelsior (April 12, 2018 @ 14:34) – “@11 OK Thanks. I’m fine on using different Simple Moving Averages, but prefer the Exponential Moving Averages that line up well with a particular chart. It appears that KAMA utilizes EMAs so that is interesting. I’ve seen KAMA as a technical overlay but just didn’t understand it’s function.”

            @Excelsior (September 16, 2018 @ 10:40) – “@11 There is not a one-sized fits all to any approach in investing, so spare me the chart elitism already. There are many successful approaches and strategies. Look, I agree that your system of using the 10 or 12 or 20 day SMA, (or you also like the KAMA) do work and will keep traders making more money than losing, but it is a #OneTrickPony.”

            “There are also disadvantages to that same method in that they will always miss the extreme lows and highs, while they wait for the moving averages to catch up as delayed indicators. In contrast, technicians using Fibonacci levels, trend-lines, candlesticks, slow stochastics crosses, or a pivot method may nail the low or high and make more money in buying a low or selling a high.”

            @Excelsior (September 16, 2018 @ 10:41) – “@11 That (50 day or 200 day) SMA strategy can also have a trader out of the market when big anticipated news breaks, missing a quick 300% or 500% gain, so let’s keep things in perspective. ”

            Fundamental investors will be in that stock ahead of time, using completely different data sets. A fundamental investor may decide it is time to sell a stock if the drill results don’t impress, if there is a flaw in metallurgy, underperformance of a mine, if the capital structure gets out of wack on a PP or dilutive financing, and yet you act like the only ones that can decide to sell are chartists glued to a 2 week chart moving average. There is more than one successful strategy.

            @Excelsior (October 30, 2018 @ 8:409) – “@11 I was discussing longer term trends in the general equities versus PM equities, since you decided to latch on to the one day when Gold was going down and the equities were mildly down as your entire thesis. (how convenient) Funny how you were quiet last week when Gold was surging while millennial investors at trading desks were crapping their pants in the selloff.”

            “We’ve discussed this before – I agree with you for using the Moving Averages and even your sacred KAMA to TRADE the money flows, but that has nothing to do you with your heckling posts about the inverse correlation and you know it. Give us all a break from your brilliance… eh?”

          • On January 9, 2021 at 9:40 pm,
            Matthew says:

            Well this @11 is a nut if he thinks I copy him or anyone. What I know of the KAMA comes from using it and reading what stockcharts had to say about it (which gave food for thought but nothing I actually use). My total time on ceo.ca in the last 10 years is easily under one hour and in the last 3 years, I probably haven’t been there at all.
            As for targets, he obviously didn’t know of Rick Ackerman because his method routinely provides target that are accurate beyond belief. It even nailed IPT’s 2016 top at 1.28 and way in advance, of course.

          • On January 9, 2021 at 9:50 pm,
            Excelsior says:

            I agree with you Matthew, that @11 dude was a nut, and I’m still not sure if he was also that guy ProTrader or TraderJake that would post here at the KER years ago.

            He was complimentary towards Rick Ackerman one day and said that guy is a pro and he knows. I responded back something along the lines of “Well then you know a pro like Rick A. generates targets constantly with his hidden pivot system and mechanical trading system.” Since he had stated repeatedly that TA never creates trading targets, that remark surprised him and he withered away for a week afterwards.

            ______________

            Matthew that @11 would accuse you and Doc of being paid promoters at the KER, and would incite nasty things like “Hey Ex, did you see Matthew schooling Doc a new one on charting? Those guys are hopeless.” etc… etc…

            Then he kept insinuating that you were copying him on using the KAMA, and stealing his proprietary method or something along those lines. (like he freakin’ came up with the KAMA or other delusional thinking).

            I posted these up above will repost them one more time, so you can see that I had defended your character as well as Doc’s. I also asked (tongue in cheek) if he had reached out to you on the KER to “school him on the KAMA” since I knew you didn’t ever go over to ceo.ca and wouldn’t have seen his charting.
            _________________________________

            Again here are are those replies back I gave him in April of 2018:

            @Excelsior (April 7, 2018 @ 17:19) – “@11 Both Doc and Matthew are buddies of mine and solid technicians. Matthew is one of the best chartists I’ve seen on any site and has taught many people TA for years over at the KER without an agenda and for free. He has sure taught me a great deal over the years. As for Doc, he was a popular blogger and chartist at the KER and Cory reached out to see if he wanted to share his insights with the audience. We all love the guy. He is not compensated and isn’t promoting anything for his personal gain. Neither of them is a promoter. They are simply sharing ideas because they enjoy this sector & trading. Doc is better on the longer term picture, and Matthew is good with short term moves.”

            @Excelsior (April 12, 2018 @ 14:20) – “@11 Did you reach out to Matthew over the KER and share the KAMA overlay with him?”

            “I‘ve been out of pocket a lot lately and haven’t kept up with all the boards the last 2 weeks. He uses a number of different charting indicators, overlays, and tools, so he may have just decided to use it (KAMA), as he’s fairly well-versed and changes things up to look at a number of data points.”

  11. On January 9, 2021 at 10:02 am,
    Dan bond says:

    I have a bitcoin chart which I like to share where do I send it on email or cory’# Twitter acct

  12. On January 9, 2021 at 10:35 am,
    Dan bond says:

    finally located Cory’s twitter and email ,, have sent the chart across
    it could be imaginary or an indication or a FAKO Salim,, time will tell, I don’t have any crypto ccy.
    rgds
    dan*bond

  13. On January 9, 2021 at 12:09 pm,
    Marlborough says:

    Matthew, yesterday I saw that you posted that you’d bought some Brixton. I already own it. I was wondering what it is you like about it and if you could please share a chart and/or a projection? Much appreciated.

  14. On January 9, 2021 at 12:21 pm,
    pardu says:

    Corey, with commodities looking like they will do well in the future what is a recommendation for a non-precious metals commodities ETF?

    • On January 9, 2021 at 12:58 pm,
      Excelsior says:

      If you want a broad commodities EFT there is:
      – Direxion Auspice Broad Commodity Strategy ETF (COM)
      – United States Commodity Index Fund, LP (USCI)
      – Invesco DB Commodity Index Tracking Fund (DBC)
      – iPath Bloomberg Commodity Index Total Return ETN (DJP)
      – iShares S&P GSCI Commodity-Indexed Trust (GSG)

      If you want Copper stocks there is (COPX)

      For the PGMs – Sprott Physical Platinum and Palladium Trust (SPPP)

      If you want Oil stocks there is (XLE) large cap, (XOP) small cap, (OIH) oil services

      For Uranium stocks there is (URA) or (U.TO) the Uranium Participation fund is a holding company that will track more with the spot price

      For Lithium stocks there is (LIT)

      For agriculture commodities there is one for each soft commodity or the Rogers International Commodity Index – Agriculture Total Return (RJA)

  15. On January 9, 2021 at 1:29 pm,
    Matthew says:

    Marlborough, I currently have 1.239 million shares and am open to buying more (I had substantially more in early August). I like Brixton’s exploration potential because I think it is massive and will be of great interest to larger companies as the bull market matures. I also like the jurisdictions of Brixton’s properties as well as the recent deal with Robert Friedland’s company and the estimated 47 million ounces of silver in the ground at Hog Heaven (historical, not NI 43-101 compliant). In fact, I like the deal with Friedland a lot.

    The question now is whether or not we’ve seen the low for it and the whole sector. I was very bullish at the end of last week and showed weekly charts of SILJ and HL closing the week above their weekly Bollinger Bands which were (and still are) bullish in their own appearance. What I did not want to see the following week, the week that ended yesterday, was exactly what we got. If there’s a bright side, it is that, ironically, the plunge was so big/bad that volume was record-breaking for SILJ. Given the technical picture we already had before the plunge (like a weekly MACD buy signal following a 5 month correction, among other things), it is definitely possible that it was “just” a big shakeout and not much more.
    Here’s what I’m referring to:
    https://stockcharts.com/h-sc/ui?s=HL&p=W&yr=3&mn=3&dy=0&id=p34319173164

    • On January 9, 2021 at 1:41 pm,
      Matthew says:

      IF the very volatile Brixton has bottomed or will shortly, the upside is easily in the .75 to .80 range just based on the whole sector moving up. However, if we are on the cusp of a powerful advance similar to the one we had in 2016, then far higher prices are possible even without some kind of great news like a discovery or great drill hole. The correction since August is still perfectly bullish in appearance on the weekly chart but that will change if it goes much lower.
      https://stockcharts.com/h-sc/ui?s=BBB.V&p=W&yr=5&mn=11&dy=0&id=p39106661155&a=869919870

      • On January 9, 2021 at 2:14 pm,
        Marlborough says:

        Thank you very much, Matthew.

        • On January 9, 2021 at 3:43 pm,
          Matthew says:

          You’re welcome.

    • On January 9, 2021 at 1:45 pm,
      Matthew says:
    • On January 9, 2021 at 1:51 pm,
      Matthew says:

      If gold goes any lower, it better not be by much nor for long…
      https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=5&mn=2&dy=0&id=p79716901329&a=640032776

      • On January 9, 2021 at 1:58 pm,
        Matthew says:
        • On January 9, 2021 at 2:20 pm,
          BDC says:

          There is the possibility that Gold will hold,
          but a bottom retest drives miners lower,
          hence look to midweek for resolution.

          • On January 9, 2021 at 2:26 pm,
            Matthew says:

            A retest of yesterday’s low is one thing… I do not want to see a retest of the correction low that happened on November 30th. That would not be good at all in my book.

          • On January 9, 2021 at 2:55 pm,
            BDC says:

            As I gaze upon the chart, years past creep in.
            If not using stops, consider counters, e.g. JDST.

          • On January 9, 2021 at 3:42 pm,
            Matthew says:

            I think most people would be better served by going to cash than hedging.

  16. On January 9, 2021 at 2:32 pm,
    Matthew says:

    Hecla broke out of a little pitchfork resistance on Tuesday but closed below it on Thursday which warned of Friday’s plunge. Then, lo and behold, the plunge ended at the next pitchfork support:
    https://stockcharts.com/h-sc/ui?s=HL&p=D&yr=0&mn=11&dy=0&id=p92477585588&a=869435524

  17. On January 9, 2021 at 3:09 pm,
    markedtofuture says:

    China buying up the USA and Bahamas for military base

    https://cdn-ceo-ca.s3.amazonaws.com/1fvkdau-China+buying+arouns+the+USA.mp4

    • On January 9, 2021 at 3:45 pm,
      OOTB Jerry says:

      THANK YOU………

  18. On January 9, 2021 at 3:19 pm,
    markedtofuture says:

    BREAKING: FBI Claims Jurisdiction and Yesterday Took Control of Shredded Ballots Being Analyzed in Georgia – Sends Them Back to Shredder

    https://www.thegatewaypundit.com/2021/01/breaking-fbi-claims-jurisdiction-yesterday-took-control-shredded-ballots-analyzed-georgia-sends-back-shredder/

  19. On January 9, 2021 at 3:52 pm,
    markedtofuture says:

    January 8, 2021
    As I write to you today, I have no doubt that this letter will find many of you crushed under the weight of despair or perhaps lost in a maze of confusion. It is my hope that by the time you finish reading this letter you will be able to confidently join millions of others who support the president and another four years.
    Let me be clear: Trump will be president for another four years. Biden will not be president. Yes, I know those are shocking words in these crazy days.
    I have been approached by many saying, “It’s over…” and “Trump conceded the election…”. Nothing of the sort has taken place. Go back and listen to the videos all the way through. At no point does Trump even mention Biden’s name. At no point does he say he concedes. He does say that there will be a peaceful transition to a new administration and he does say that this is only the beginning. Those phrases are important to note. Indeed, we will have a new administration made up of a new vice president and cabinet as the current ones have all made their treason complete. I will touch on this in more detail shortly.
    We do well to remember that for more than four years Donald Trump has been five steps ahead of everyone in every attempt to derail him, impeach him, or confound him. For example, he announced on election night in the early hours of the morning that he “didn’t want a dump of ballots at 4AM.” What happened in just a few short hours at almost exactly 4AM? A huge ballot dump took place which showed that he already knew that it was going to take place. That was a public word to the enemies of our country that he was on to them. Also, consider the recent incident at the capitol building in DC. Trump was late to his speaking engagement and then spoke on a number of rehashed things to the crowd of 500K+ but this created a problem. You see, if Trump had spoken on time and briefly, the MAGA crowd would have been at the capitol building with the Antifa faction and likely would have been drawn into the fray by accident and confusion due to the crowd size. With Trump speaking late and long, the MAGA crowd was PROTECTED and SEPARATED from the Antifa groups. It would be very clear that the disguised Antifa people were 95%+ of the people in the building. Again, Trump countered because he was steps ahead of them. This was clearly a staged event meant to blame Trump supporters and try to frame Trump so the 25th amendment could be used by Congress but it failed. Nevermind the numerous videos showing the police opening the gates for Antifa (they didn’t fight their way in) and then leading them throughout the building.
    I say all this as only two examples out of many that at no point has our president been in a fight of desperation.
    Now you may ask, “Why hasn’t Trump arrested anyone yet? Why did this have to go all the way to Congress?” Multiple reasons: first, Trump has been adamant in following the rule of law and the Constitution. He gives everyone, no matter how dirty, an opportunity to do the right thing (sometimes with warnings such as the phone call with the Georgia Secretary of State recently). He pushed cases through the courts, he presented evidence to the legislatures, and he even told the vice president to do the right thing. But with the betrayal by Pence and Congress, the treason is now complete and nobody can say that Trump did not allow the process to finish before acting. Second, in order to drain the swamp you have to know who are the swamp creatures. They can blend in very well with the crowds. But the false event in the capitol revealed the final traitors for who they were regardless of party affiliation. Trump flushed them out of hiding.
    I need to take a moment to speak on Pence. With his treason completed, many of you may not know of his dealings and political posturing prior to the infamous day in the capitol. Pence was already wheeling and dealing way back during the 2016 election season with…wait for it….Paul Ryan. Remember Ryan? The RINO speaker of the house? Look at these emails that were recently revealed:
    Pence-Ryan Emails
    Pence was also involved with a scheme to oust Trump sometime during his first four years that was orchestrated by Rod Rosenstein and supported by the Clintons. The plan: get rid of Trump, become president and then appoint Rod Rosenstein as the new VP. Why would they want that? Because they felt Pence could be controlled. See these links for the 3 part series for more information:
    Part 1
    Part 2
    Part 3
    More could be said but I don’t want this letter to become more of a book than it already is. Suffice it to say that when Trump said at the DC rally that he hoped Pence would do the right thing, he already knew what he was going to do but was, yet again, giving the man space to choose to do the right thing.
    Now, nobody has been more supportive of Trump than Lin Wood. This man’s career has been fighting defamation lawsuits which means that he doesn’t say things, no matter how outrageous they may seem, without them being true as he knows the consequences of slander. With this in mind, Lin Wood has become a fountain of information and leaks of hitherto unknown information revealing some of the depths of corruption and evil in our highest offices. This is the same man who recently said that arrests are coming over the next few days. He called Pence a traitor well before the counting of the elector votes on the 6th. But did you know that he also said that the president, following the capitol incident, left DC on a “Doomsday” aircraft (used for communications in the event of a nuclear war) with his family and was in Abilene, TX. This aircraft was confirmed by both flight trackers and eyes on the ground. In short, he is a trustworthy source of information. If you have a means to follow Lin Wood on Parler, I would highly recommend that you do so to stay abreast of things taking place. You can also listen to this podcast: Podcast
    So, what comes next? I don’t have the particulars but I can give you milestones to watch for as the coming days unfold:
    Expect the emergency broadcast system to be activated. The FCC just recently released a memorandum speaking to the requirements under Federal law to send messages from the president to the public. See this link
    Expect confusion. We are in a battle for our republic against elites that are attempting the very coup that they are accusing Trump of doing. In battle, there will be disinformation but know that plans are being fulfilled.
    Expect high profile arrests to take place over the next 12 days and at any time. You may wake one morning to find someone in high office is no longer there.
    Expect this to be a bumpy ride to the very end. This is not a television show where things are resolved in 45 minutes.
    Expect more bombshell evidence to be released between now and Jan. 20th.
    Expect some sort of internet blackout or outage: Facebook, Twitter, Instagram, and Gmail are likely going to be affected. If you don’t have alternate forms of communication established now, it would be a good idea to start forming them even if it’s just checking on your nextdoor neighbors.
    Expect Trump to be inaugurated on Jan 20th!
    Expect the executive order from 2018 and/or the Insurrection Act to be enacted. This DOES NOT mean martial law. Remember that we have been under a state of emergency since 2018 which gives the president many powers to act.
    These things may happen out of the order listed and some may happen multiple times. As I have been watching closely, many things have been and are in play as we speak. Remember that Trump has not and will not give up. He actually takes his oath of office to defend the Constitution against enemies foreign and domestic very seriously. This is why they are so panicked in DC: they know that Trump will fight while Congress just rolls over.
    I’ve mentioned this before but it bears repeating. None of us would have believed what we all now know except that Trump and his team have painstakingly taken the time to show the public. Want to show what Congress thinks of you? Highlight that the stimulus bill only sent $600 to each American but billions to other countries (payoffs, money laundering). Want to show the extent of collusion with the CCP at all levels of government? Bring multiple lawsuits against the election fraud from the local courts all the way to the Supreme Court which will show just how brazenly treasonous the judges are. Want the public to see how rigged the election system has been for many years? Present the evidence openly as we have seen. Even this week we have sworn testimony out of Italy that the Leonardo defense contractor used satellites to change the votes from our election in the USA from Italy. These Dominion voting machines were actively sending data to Germany, Serbia, China, Iran, and now Rome. This corruption is MUCH bigger than any of us expected but none of us would have believed it until now. This is why things seem to have taken so long.
    Now, the American public is awake and ready to take back their long forgotten responsibilities to hold the elected officials accountable. I have heard from many of you how upset you are with the obvious and willful disregard for the truth and for justice.
    As the days unfold, let’s maintain communications among ourselves and try to help our neighbor to understand what is happening. Turn off the television as they have demonstrated they are clearly only falsifying the media to maintain control over your thinking. Do not despair but pray for our country, for Trump and his supporters, and for a national repentance to be stirred nationwide.
    The next 12 days will be something to tell the grandchildren! It’s 1776 all over again!

    https://welovetrump.com/2021/01/09/nye-gop-chairman-expect-trump-to-be-inaugurated-on-jan-20th-and-these-other-8-markers-over-next-12-days-2/

    • On January 9, 2021 at 5:44 pm,
      bonzo says:

      Matthew, I am one Texan who agrees with you about Lincoln, who was a war criminal and wrecker of the Constitution. 2 of my grandmother’s uncles were killed by Yankee invaders at Vicksburg. Another was shot in the Peach orchard at Gettysburg, but he survived. Her father joined the Army of Tennessee in the summer of 1863 at the age of 17 after 2 of his brothers died at Vicksburg. One of my great-great grandfathers was a sergeant in the Army of TN and another was a captain in the cavalry of the Army of Northern Virginia. They survived the war. Have you read THE LOST CAUSE, BY E. A. PRITCHARD, who was editor of the Richmond Examiner during the war? He paints a very ugly picture of Abe.

  20. On January 9, 2021 at 6:25 pm,
    markedtofuture says:

    5 Minutes with Robert David Steele & Charlie Ward – Not To Be Missed! – Dr. Charlie Ward Getting close

    https://drcharlieward.com/5-minutes-with-robert-david-steele/ 0 2 minutes ago

  21. On January 9, 2021 at 6:26 pm,
    markedtofuture says:

    Nicholas Veniamin, Simon Parkes With Charlie Ward – The Last President – Dr. Charlie Ward

    https://drcharlieward.com/nicholas-veniamin-simon-parkes-the-last-president/

  22. On January 10, 2021 at 4:33 am,
    Buzz says:

    Great stuff Markedtofuture! I’d caught wind of this a week ago…

  23. On January 10, 2021 at 5:36 am,
    buzz says:

    Like musical chairs, political dominoes already falling? MAGA surreal? Seeing is believing…

  24. On January 10, 2021 at 7:23 am,
    Dick Tracy says:

    The UFO Conspiracy, In 1947 a pilot flying near Yakima Washington spotted nine saucer like things moving at an estimated speed of 1200 mph. His story caught the imagination of the public. It was the beginning of what was dubbed by the media as a fad, a new pie in the sky. By 1950 there were sightings of similar strange craft by citizens all over North America. Then The U.S. Air Force investigated to find out whether these strange happenings were just a fad or fact. By decades end no one knew but now we do. DT

    • On January 10, 2021 at 7:41 am,
      Dick Tracy says:

      I just wanted to add that fads tend to disappear quickly, facts do not. DT

      • On January 10, 2021 at 9:18 am,
        Big Al says:

        Amen, Mr. Tracy!

  25. On January 10, 2021 at 8:25 am,
    b says:

    He’s convinced: World’s richest man Elon Musk wants to be paid in bitcoin
    10 Jan, 2021 10:27

    https://www.rt.com/news/512062-elon-musk-bitcoin-accept-pay/

    So much for bitcoin being a fad.

    • On January 10, 2021 at 8:28 am,
      b says:

      I wonder if this news will affect the gold price, I can see more people wanting bitcoin over gold now, if Musk wants it why shouldnt I?

      • On January 10, 2021 at 9:29 am,
        BDC says:

        Its lack of fungibility implies
        something else in the works!

    • On January 10, 2021 at 10:57 am,
      Matthew says:

      News like that is what marks tops, in this case, a blow-off top. What the average BC fan doesn’t realize is that accepting BC for payment in business transactions has nothing to do with endorsing it for investment or as money. BC purchases of cars would make up for a miniscule part of Tesla’s business and those transactions would be converted to USD immediately. No big or smart business would sit in BC in any significant way and risk watching its profit disappear virtually overnight. The two BC that it would take to buy a Tesla today could be worth dramatically less in days or weeks from now and for no reason that would make sense to the majority of its fans.

      • On January 10, 2021 at 11:11 am,
        BDC says:

        Yes, ‘Money’ must be a:
        – Medium of Exchange
        – Store of Value … and
        – Unit of Account !!

    • On January 10, 2021 at 12:59 pm,
      Excelsior says:

      Elon Musk Needs Bitcoin Help from MicroStrategy’s Michael Saylor

      Nick Marinoff · December 26, 2020

      “Musk appears tempted by the recent trend of institutional players that have gotten their fingers on bitcoin and willingly entered the crypto space. These companies include MicroStrategy, Stone Ridge, Square and many others. In fact, Musk is even going to Michael Saylor – the CEO of MicroStrategy – for help and advice.”

      “Michael Saylor earned a reputation this year for being bitcoin’s biggest institutional fan considering his company has put more than $1 Billion into the world’s largest and most popular digital currency by market cap. The asset has gone from being much more than a speculative asset since the beginning of the year, and the coronavirus pandemic has caused many companies to rethink their attitudes towards crypto. They now see it as a potential store of wealth; a hedge tool that can keep one’s money safe during times of economic strife.”

      https://www.livebitcoinnews.com/elon-musk-needs-bitcoin-help-from-microstrategys-michael-saylor/

      • On January 10, 2021 at 1:10 pm,
        Excelsior says:

        Bitcoin Infiltrates Corporate America (w/ Michael Saylor and Raoul Pal)

        Real Vision Finance – Filmed on September 16, 2020

        “Michael Saylor, chairman & CEO of MicroStrategy Inc., joins Real Vision CEO, Raoul Pal, to discuss MicroStrategy’s major Bitcoin acquisitions. Saylor describes his background, what led up to the creation of MicroStrategy, and its recent push to bring Bitcoin into the corporate world. He explains his first encounter with cryptocurrencies and how his views on it have evolved over the years. Saylor touches on the power and value of Bitcoin and its unique utility of being able to convey “100 million dollars across 100 years.” Finally, Saylor shares how they store the Bitcoin owned by MicroStrategy and the timeline of the investment.”

        https://youtu.be/Cg10yYZjK94

  26. On January 10, 2021 at 9:57 am,
    b says:

    I dont own it, but from what Ive read it is funibil.

    Musk made a joke about dogcoin, it went up 20%.

    He has influence, I am wondering about gold.

    • On January 10, 2021 at 1:03 pm,
      Excelsior says:

      There does seem to be a fair number of investors of all ages getting positioned with Bitcoin and the Cryptos over Gold and Silver, but there really is an investment audience for both asset classes.

      Both Gold and Bitcoin have a number of overlap areas where they can attract similar investors concerned about runaway national debt to GDP ratios all over the planet, the devolving Fiat currencies, the desire to get rid of 3rd party risk that come with most money, the scarcity quality, and as a store of value.

      So there is a lot to like about both from that standpoint, and to some degree they check off those same boxes for investors looking to squirrel away funds “outside the financial system” of any one country.

      Having said that there are some notable differences between the 2 asset classes that also cause some investors to chose to only hold one over the other, or in some cases to deride investors in the other assets (which has never really made sense considering how much they have in common with each other).

      Gold & Silver are tangible real metals on the elemental table, have been money for thousands of year, have physical markets of bars, coins/bullion, are worn as jewelry, and woven into the fabric of society. There are sayings like “good as gold,” the “gold standard,” “gold status” on credit cards, “gold medals” in the olympics, etc… because gold has been and still is synonymous with value. Having said that to store large amounts of gold safely has an associated cost and 3rd party risk if one has a 3rd party company storing it in a vault, verifying the gold only has 1 claim to it, and shipping it to someone if they want to get their hands on the metal in a time of crisis, (if that company can even get someone their gold from the vault in New York, Hong Kong, Zurich, etc… when the poop actually does hit the fan). If people use ETFs backed by physical gold, then again, there are fees to investors so those companies can buy, ship, store, and secure the gold. Gold is increasing being seen by newer investors as a “barbarous relic” or “pet rock” by newer investors, but keep in mind some of them may change their tune over time, and migrate some money over to Gold. Gold is also still the money of choice for Central Bank buying/storing, and it has the most size/liquidity as a safe haven to absorb a rotation out of the Bond markets, when the cheese moves.

      Bitcoin in contrast has only been around about 11 years, and was birthed as a response to the 2008-2009 Great Financial Crisis and the need for a different form of sound digital money, outside of the traditional financial system, that was digital and less clunky than investing in the PMs. While it isn’t a physical metal like Gold or Silver, it is still considered a safe haven and “hard money” due to its scarcity, it’s decentralized nature without counterparty risk, it’s security features, and it’s value derives from the computer power (and energy consumption) behind the verification process – (Proof of Stake); where Bitcoin miners can mine or validate block transactions based on the amount of Bitcoin a miner holds.

      It should be pointed out that this network of decentralized Bitcoin miners is still some form of counterparty risk, because if there are no Bitcoin miners to validate transactions then the network would cease to exist. Also, as some Bitcoin miners get larger and larger, then it consolidates more Proof of Stake in fewer and fewer hands. This brings up the common knocks against Bitcoin and the crypto sector:
      “what if the power goes out and stays out?”
      “what if the internet is shut down?”
      “What if there is an EMP and all data is lost?”

      Those worst-case doomsday scenarios are quite unlikely to unfold, and if they do then people will have much bigger issues than their crypto wallets, as society will have devolved, and it’s unlikely in that kind of environment that neighborhood stores are going to start accepting Gold bricks for payment either. In that environment then food, liquor, batteries, clothes, and toilet paper will reign supreme for bartering goods on a local level.

      So if we assume, that the world continues to spin, and life continues with the lights on and internet on, then it appears that some form of digital currencies are here to stay, and are the new norm. The question will be which ones get the most adoption, and are they decentralized land scarce like Bitcoin, or centralized and unlimited like a bank or country digital currencies will be? The next question is how will the regulation work for these digital currencies? If Bitcoin or crypto is made illegal in one country, but remains legal in other countries, how will that play out? Will some cryptos become a regional thing, or even a local currency?

      Lastly, beyond the store of value concept, which Gold and Bitcoin are the go to assets, there is still the ease of use and functionality of both, which is far less attractive. There have been some good innovations over the last decade of digital wallets that can be used in everyday life that are backed by Gold or Bitcoin, and quickly convert into someone’s local Fiat currency for buying goods or services. There are also other cryptos and blockchain applications that aim to do something similar as an intermediary between the store of value and the end merchant, but that is still in the wild west phase.

      It will be interesting to see how many crypto investors eventually migrate some of their funds over to the precious metals as time goes on, especially during the nasty sell downs Bitcoin regularly has, and likewise how many Precious Metals investors decide to bite the bullet and finally diversify some funds into the cryptoverse, either directly, or indirectly through a crypto mining company that holds and generates new coins, or through a trust or fund like (GBTC) Grayscale Bitcoin Trust.

      • On January 10, 2021 at 1:49 pm,
        b says:

        Yup. all true, and Musk saying he wants it could be a top Mat.

        My only point is, when the richest person on the planet says it has value, other people listen.

        Who is more right? Who really is smart and who is a genius? Bob or Elon?

        I just cant see China,Russia etc deciding their gold has less value than a digit.

        The americans could, but they may really have no gold.
        Heck the cia could be sotachi nakamoto or whatever the name is.

      • On January 10, 2021 at 1:54 pm,
        OOTB Jerry says:

        One in the HAND……is worth two in the BitconBush…… :O

        • On January 10, 2021 at 2:08 pm,
          Excelsior says:

          On some show I was listening to recently, they were discussing still having assets in real estate, in general equities, and fiat cash, but for safe haven allocation of that portfolio, they were telling their investors that a 3:1 ratio of 3 parts Gold to 1 part Bitcoin made sense for the medium to longer term. That seemed like a reasonable strategy.

          • On January 10, 2021 at 2:13 pm,
            Excelsior says:

            On Gary Wagner’s weekend review, he mentioned having a 6% overall Bitcoin allocation, to capture the trading volatility. I started with a about 2% allocation and it grew to a 6% allocation, and I just finished selling it all last week. I’m not a good HODL’er. 🙂

            If Bitcoin goes through it’s typical 30-40% correction soon, on the other side of the parabola, then I’ll likely reposition during that time period, but take out a larger position size to start with next time (4-5%).

          • On January 10, 2021 at 2:27 pm,
            OOTB Jerry says:

            I was just looking at the bitcoin chart today,….and parabolic came to mind…..and I think you are spot on with selling , the other day…..I thought, retrace ….

          • On January 10, 2021 at 2:30 pm,
            Excelsior says:

            Some of the bigger corrections in Bitcoin have been 60-90%. I’m not sure we’ll see that kind of volatility this time, but if Bitcoin corrected by more than 50%+, then I’d go up to 10% of my trading portfolio in it (providing the reason for the correction wasn’t that it was being outlawed).

          • On January 10, 2021 at 2:32 pm,
            Excelsior says:

            For clarity I’d be buying in tranches as well at 30% correction, 40% correction, and 50% correction. Maybe 4% the first tranche, and 3% for the next 2 tranches up to 10% total by the end of the corrective move.

          • On January 11, 2021 at 2:51 am,
            BDC says:

            George Soros, Warren Buffet, and Elon Musk(?)
            talk their books: “Honest long. Crooked short.”

  27. On January 10, 2021 at 1:02 pm,
    Buzz says:

    Can anyone recommend an inverse ETF to short FANG stocks? Or best leveraged ETF to play a market sell off/ collapse, thx

    • On January 10, 2021 at 1:06 pm,
      Excelsior says:

      Hi Buzz. There are a number of short Nasdaq, Short Dow, Short Russell 2000, Inverse ETFs one can invest in. If you just go over to a place like Bloomberg or Yahoo finance and type in short XXX they’ll populate for your review.

  28. On January 10, 2021 at 2:26 pm,
    Buzz says:

    Great, cheers!

  29. On January 10, 2021 at 2:48 pm,
    Dick Tracy says:

    If stocks or Bitcoin move higher the public will buy no matter what the forecasters say, no matter how obscure a business proposition is. The American public can not resist the appeal of a surging market. The desire is to get rich quick. That is how fickled The American public is. DT

    • On January 10, 2021 at 3:04 pm,
      Excelsior says:

      Agreed.

      • On January 10, 2021 at 3:22 pm,
        OOTB Jerry says:

        I think I will just ,HUDDLE over my gold, and not HODL.over Bitcon…. 🙂

        • On January 10, 2021 at 3:40 pm,
          OOTB Jerry says:

          WHen the power goes out……..Talk about Huddle……200 MILLION IN THE DARK…
          https://www.zerohedge.com/energy/dont-panic-entire-nation-pakistan-lost-power-massive-blackout

        • On January 10, 2021 at 5:53 pm,
          Excelsior says:

          HUDDLE versus HODL. I love it OOTB! 🤣

          You need to copyright that!!

          • On January 10, 2021 at 6:06 pm,
            OOTB Jerry says:

            Just add it to the Future BOOK OF THE KER…….
            Chapter 104…..I think we are up to that amount about now….. 🙂

          • On January 10, 2021 at 6:14 pm,
            Excelsior says:

            +104

  30. On January 10, 2021 at 4:21 pm,
    OOTB Jerry says:

    https://cms.zerohedge.com/s3/files/inline-images/real%20IG%20yields.jpg?itok=ute_l-ge
    FIRST TIME EVER……….US
    For The First Time Ever, Real US Investment Grade Yields Turn Negative

  31. On January 10, 2021 at 4:27 pm,
    OOTB Jerry says:
  32. On January 10, 2021 at 5:32 pm,
    Ozibatla says:

    Wow I must admit I anticipated a gold price downturn but not this much and this quickly. Down over $130 in less than a week, it seems that $2000 plys is a little further away yet.

    • On January 10, 2021 at 5:59 pm,
      OOTB Jerry says:

      KWN…….Has a great article , concerning the PRICE OF GOLD>……

        • On January 10, 2021 at 6:02 pm,
          OOTB Jerry says:

          Bullion bank BIS……..dumped 1.4 million ozs
          No sane trader would ever dump 1.4 million oz of gold in one go in an illiquid market. If he did, he would be fired on the spot. So this was clear manipulation. The big short position of the bullion banks clearly necessitated a lower gold price.

          This is what the chart looks like at that time:

          • On January 10, 2021 at 6:04 pm,
            OOTB Jerry says:

            Open up the article to see the chart….dump…….

          • On January 10, 2021 at 6:13 pm,
            OOTB Jerry says:

            Continue into Monday……..classic……been going on for years…….stay calm…..NO BIG DEAL……

          • On January 10, 2021 at 7:04 pm,
            Excelsior says:

            Through their massive dump, if they are trying to force a liquidation event to cover their short position, then I’ll be forced to by that corrective move, with the future expectation of a short squeeze to the upside. The game of tug-o-war has begun…

          • On January 10, 2021 at 7:07 pm,
            OOTB Jerry says:

            Interesting……that gold gets dumped, but, platinum goes do also…..

          • On January 10, 2021 at 7:10 pm,
            Excelsior says:

            One idea I’m toying around with is the potential flows back into precious metals stocks, if the hot money flows into biotech and cryptos, have corrections on the vaccine rollouts and a intermediate top in the cryptos. If money moved out of miners to go into them during their rapid ascents, then will any money flow out of them and into the PMs if those sectors have a pullback?

            Just food for thought…

          • On January 10, 2021 at 7:13 pm,
            OOTB Jerry says:

            humm………interesting…….let me think about that…..

          • On January 10, 2021 at 8:39 pm,
            OOTB Jerry says:

            Ha,.ha, funny

          • On January 10, 2021 at 8:43 pm,
            Excelsior says:

            🙂

      • On January 10, 2021 at 6:17 pm,
        Excelsior says:

        Why Gold had to Get Smashed: Gold, Silver, Bitcoin Market Update 8th Jan.

        Miles Harris – Jan 9, 2021 #VIDEO

        https://youtu.be/1dSppkszYXM

        • On January 10, 2021 at 6:38 pm,
          b says:

          I thought he was pretty good EX.
          Thx, hadnt seen him before.

          I wonder how far gold will drop.

          • On January 10, 2021 at 6:59 pm,
            Excelsior says:

            Agreed b. Miles had a pretty good overview of many markets from the Dollar, to Bonds, to Precious Metals, to Bitcoin. to the general stock indexes.

          • On January 10, 2021 at 7:03 pm,
            BDC says:

            The next 272 possibility is $1780.91
            but it has bounced off Dec 14th low.

        • On January 10, 2021 at 6:43 pm,
          OOTB Jerry says:

          Good Post………interesting guy……thanks….

          • On January 10, 2021 at 6:59 pm,
            Excelsior says:

            ditto.

          • On January 10, 2021 at 7:14 pm,
            BDC says:

            “Metcalfe’s Law” — a Ponzi dream?

          • On January 10, 2021 at 7:26 pm,
            Excelsior says:

            Possibly. I believe the main idea with Metcalfe’s Law is that the larger the size of the network, then the more value it has was communicated correctly by Miles. Now as to whether this thesis many have about the Bitcoin and Ethereum prices relative to the size of their networks would need to keep growing higher and higher over time. We’ll have to see if that is what plays out in a year or two, or if somethings derails the adoption rate and growth into the network.

          • On January 10, 2021 at 7:28 pm,
            Excelsior says:

            It is interesting that Metcalfe’s Law started with the growth of telecommunications networks in the 90’s and now it is being applied to Crypto networks.

            https://en.wikipedia.org/wiki/Metcalfe%27s_law

          • On January 10, 2021 at 7:31 pm,
            BDC says:

            Note point 4 in his latest:
            https://www.youtube.com/watch?v=GXAawI-ZvCE

          • On January 10, 2021 at 7:37 pm,
            Excelsior says:

            +4

          • On January 10, 2021 at 7:52 pm,
            OOTB Jerry says:

            Point 4 ………….would be a good continued conversation going forward…..since the banks will have to have 85%phyz…on hand….is that correct…

          • On January 10, 2021 at 7:56 pm,
            OOTB Jerry says:

            Point 4 …..85% requirement…..at the 6:14 mark……hummm

          • On January 10, 2021 at 8:54 pm,
            OOTB Jerry says:

            Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals told King World News that the Bank for International Settlements (BIS) just intervened in the gold market as all hell is about to break loose in financial markets.

            Each week Egon von Greyerz articles

  33. On January 10, 2021 at 6:48 pm,
    Ozibatla says:

    Cheers for that Jerry appreciate it. Im used to the takedowns, this one has just caught me slightly unawares is all. Hopefully a quick smashdown means a quick price recovery.

    • On January 10, 2021 at 7:05 pm,
      OOTB Jerry says:

      You are welcome…..ditto cheers…..have a great week….

  34. On January 10, 2021 at 8:37 pm,
    David says:

    Bitcoin taking a hit.

    • On January 10, 2021 at 8:46 pm,
      Excelsior says:

      Yep. Bitcoin down over 13% from over $41K to just over $35K in the last 24 hours.

      https://www.coinbase.com/price/bitcoin

      • On January 10, 2021 at 8:59 pm,
        Dick Tracy says:

        Bitcoin will probably be very cruel on it’s way down, watch prices fall off, gain, then fall off again. Traders who aren’t seasoned might expect a rebound but once the elevator starts it’s descent new buyers will get in at lower floors only to find the descent continues to the bottom. DT

        • On January 10, 2021 at 9:24 pm,
          Excelsior says:

          I’m not sure Bitcoin is going to do a repeat of the 2017 crash with a 90% retracement again, but yes there should be a cruel correction, that sucker punches those Bitcoin buyers that came in at higher levels.

          As someone that finished selling out of my GBTC position last week, my biggest concern was watching Bitcoin keep ratcheting higher, and feeling I may have left too much still on the table. From that standpoint, I personally welcome seeing a big correction here, and hope it comes on strong, but is more short-lived.

          So far each time it looked like things were starting to really correct in the crypto sector, over the last month or two, it’s just turned right back around and charged higher.

          I’ll be looking for more pricing pain to sink into Bitcoin before jumping back in, but will heed your advice of a few fakeout bounces first, just to get investors hopes up and then dash them. Those bounces could be nice quick swing trades if there is enough volatility, but it is dangerous at these levels to risk too much capital. I’d like to wait until sentiment gets really crushed again before doing more meaningful buying. Markets, don’t you just love em’?

          • On January 10, 2021 at 11:40 pm,
            Excelsior says:

            Bitcoin now down 17.89% to $33,930 in overnight trading. It will be interesting to see what the large institutional funds that have been buying into Bitcoin will do tomorrow, as those kinds of losses are usually programmed to sell an asset by their algos. That very well be what we are seeing this evening. Heck we may get the initial hoped for 30%-40% drawdown very quickly. Dry powder is standing by ready to fire off an initial round if the corrective move gets really ugly this week.

  35. On January 10, 2021 at 9:31 pm,
    Excelsior says:

    Gold is back down to $1833.80 in overseas trading.

    Silver is up at $24.70

    Copper is down at $3.618

    Oil down slightly but still up nicely from this time last week to $51.95

    US Dollar index up slightly to 90.4

    Kind of a mixed bag…. but volatile…

    https://www.investing.com/commodities/real-time-futures

    • On January 10, 2021 at 9:44 pm,
      Excelsior says:

      In the last 10 minutes, gold shot back up to $1840, and Silver moved higher to $24.82.

      Since prices will just play ping pong all night, it’s likely best to just check again right before trading starts in the premarkets in the morning and set sail accordingly.

      Ever Upward!

  36. On January 10, 2021 at 10:25 pm,
    Matthew says:

    Friday’s close for silver occurred at 2 cents above the VWAP since the correction low in September and tonight’s low of 24.40 occurred 1 cent above the upper quarterly Bollinger Band. That’s not bad stuff but the best thing about last week might be the fact that the XAU index broke out of one very significant consolidation versus gold while also gaining 5.43% versus gold. In dollars, the XAU finished the week up 2.11% while gold finished the week down 3.15%. So much for the usual downside leverage of the miners to the metals. And since the XAU contains plenty of exposure to silver miners and silver fell 6.72% last week, its performance becomes quite a bit more impressive.
    https://stockcharts.com/h-sc/ui?s=%24XAU%3A%24GOLD&p=W&yr=6&mn=11&dy=0&id=p36171961349&a=870811384

    • On January 10, 2021 at 10:59 pm,
      Excelsior says:

      That is positive that miners outperformed the metals quite handsomely last week.

  37. On January 11, 2021 at 12:45 am,
    Excelsior says:

    (EXK) (EDR) Endeavour Silver hits highest quarterly production in two years

    Jan. 07, 2021 – Seeking Alpha

    “Endeavour says Q4 production rose from a year earlier due to continued operational improvements at the Guanacevi and Bolañitos mines, where throughput increased 15% and 31% Y/Y, respectively.”

    “The company says its full-year production met its original guidance despite the government mandated two-month suspension of operations due to the pandemic, totaling 3.5M silver oz. and 37.1K gold oz. for 6.5M silver equiv. oz.”

    https://seekingalpha.com/news/3649604-endeavour-silver-hits-highest-quarterly-production-in-two-years?mail_subject=exk-endeavour-silver-hits-highest-quarterly-production-in-two-years&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha

  38. On January 11, 2021 at 12:56 am,
    Excelsior says:

    (GG) (GGGOF) Galane Gold: A Production Growth Story

    Jan. 06, 2021 – Katchum – Seeking Alpha

    – Galane Gold total production is estimated to double in 4 years.
    – Galane Gold is currently undervalued based on EBITDA multiple of 5.
    – Galane Gold has excellent exploration potential.
    – Galane Gold will be debt-free in 2 years.

    https://seekingalpha.com/article/4397566-galane-gold-production-growth-story?mail_subject=gggof-galane-gold-a-production-growth-story&utm_campaign=rta-stock-article&utm_content=link-0&utm_medium=email&utm_source=seeking_alpha

  39. On January 11, 2021 at 3:48 am,
    BDC says:

    Gold: https://postimg.cc/MfSNFtsn
    Thin blue (382) may hold.
    $1780.91 is a possibility.

  40. On January 11, 2021 at 6:39 am,
    Glenfidish says:

    On January 10, 2021 at 10:25 pm,
    Matthew says:
    Friday’s close for silver occurred at 2 cents above the VWAP since the correction low in September and tonight’s low of 24.40 occurred 1 cent above the upper quarterly Bollinger Band. That’s not bad stuff but the best thing about last week might be the fact that the XAU index broke out of one very significant consolidation versus gold while also gaining 5.43% versus gold. In dollars, the XAU finished the week up 2.11% while gold finished the week down 3.15%. So much for the usual downside leverage of the miners to the metals. And since the XAU contains plenty of exposure to silver miners and silver fell 6.72% last week, its performance becomes quite a bit more impressive.
    https://stockcharts.com/h-sc/ui?s=%24XAU%3A%24GOLD&p=W&yr=6&mn=11&dy=0&id=p36171961349&a=870811384
    Reply to this comment
    On January 10, 2021 at 10:59 pm,
    Excelsior says:
    That is positive that miners outperformed the metals quite handsomely last week.

    Gold update!

    With my $1850-$1880 level breached nothing has changed. So they ran my numbers a few dollars which by the way for clarity I use gold price.com and not futures prices just my habit. So when I tend to give projections keep in mind gold price numbers.

    What has changed? Price was over run but still from my lenses hanging in there and I could not agree anymore with Matthew than what was. As long as we hold here and don’t break that November low, then what glen has been saying for sometime is still in play and that is the right shoulder of the inverse head and shoulders formation “ bullish” sign remains in tact and we are building it. Won’t look pretty but still high possibility. Two things here.

    1. Most importantly as I stated last week or so again the miners are going to outperform if this right shoulder plays out. Also all the miners I hold have shown great strength during this correction so it’s not like there is any bargain out there of course I hold a tight ship lol so mine pretty much are not seeking off at any discount=great strength

    2. As you have mentioned above xau holding well..

    Worse case scenario we break November low and as you know Matt we are heading down for possibly 1 or two months but I personally see this as unlikely and glen is betting we have seen the low and right shoulder formation still I tact which would mean this was an I credible call and probably my best to date “if it holds”. Left shoulder and head have formed let’s get a spike up this week and begin the up and down as explained previously. Back filling. If we hold guys your looking at second half of year breaking into new highs. Which would mean March/April top, May and June low and up to new all time highs.

    If we break down here gold is not going pass all time highs till probably March of next year..

    I’m going with my original call. 👍

    Glen

    • On January 11, 2021 at 7:06 am,
      OOTB Jerry says:

      Thanks Glen, ….

      • On January 11, 2021 at 7:15 am,
        OOTB Jerry says:

        Have you considered Bazel 3 agreement…..? In your thinking…..? just wondering….

        • On January 11, 2021 at 7:41 am,
          Glenfidish says:

          Hey Jerry,

          Although I have not thanks for enlightening me. It seems fair that Basel 3 would and possibly could shoot gold up to higher prices. What are your thoughts jerry on that subject?

          Glen

          • On January 11, 2021 at 8:06 am,
            OOTB Jerry says:

            Hello Glen………..
            Before I give my opinion…..
            Listen to……. https://www.youtube.com/watch?v=GXAawI-ZvCE
            Then we can bounce off some ideas…..

          • On January 11, 2021 at 8:10 am,
            OOTB Jerry says:

            In addition……KWN guy…….mentioned this also….
            On January 10, 2021 at 8:54 pm,
            OOTB Jerry says:
            Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals told King World News that the Bank for International Settlements (BIS) just intervened in the gold market as all hell is about to break loose in financial markets.

            Egon von Greyerz articles

          • On January 11, 2021 at 8:15 am,
            OOTB Jerry says:

            Just a side note before I forget it……
            If, you listen to how much gold china has….25,000 tons
            and the corruption of the US pretend govt (cia controlled), I seriously doubt the US has any gold…..since 1964…..no real audit…..I have been following this for over 20 yrs,…and if, you remember when Munchen went to Ft.Knox, humm…

          • On January 11, 2021 at 8:24 am,
            Norrareal1968 says:

            Jerry, I believe that the evil cabal/TPTB have 95% of all the gold ever mined.

          • On January 11, 2021 at 8:48 am,
            OOTB Jerry says:

            Nor 1968………I bet you are correct……..

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

            Merry thanks for the video I did watch. The conclusion I can’t is it would benefit banks to store more bullion for the transition and to deleverage from paper promises . A good th img my friend.

            In my early days I would spend hours and hours listening to KWN and I found myself losing sleep and money lol.. Don’t take this as a negative. For yourself or even me I learned to take the primary point which was gold is headed to the moon “ in due time”.. as a paper trader or stick investor, it doesn’t help me much with those calls of $500 or $10000 when markets correct thus why I have said to each there own and take things with a grain of salt.

            My boy Peter Schiff who I commend also had real problems with pointing out corrections in key times as per him gold only goes up. So throughout the years I separated everyone into categories. Technical analysis vs long term by and hold. The overall consensus is that it guys like Peter and kwn guys are saying gold is going higher then that’s only a good thing. I just need to prepare for the in between lol.

            Thanks Jerry

          • On January 11, 2021 at 4:30 pm,
            OOTB Jerry says:

            Glen,……Macro trends….is what I look for, …..which direction.
            When the BIS, is trying to do something….that i IMO, is something to think about.
            Just like a couple of years ago, when…..GOLD became a Tier ONE asset…..

            And I agree with you concerning Peter S, and KWN…..once the advice is learned, you do not have to keep going back to kindergarden….

    • On January 11, 2021 at 7:59 am,
      Pete says:

      Thanks for the update Glenfidish.

  41. On January 11, 2021 at 7:19 am,
    David says:

    Glen:
    Thanks for the update. Will look for some buys.

  42. On January 11, 2021 at 8:02 am,
    Norrareal1968 says:

    Dear Glen. Thank you for your input. I really value it and as always look forward to it. Personally, I think there are two possible scenarios. 1. TPTB let the gold rise to 10.000-12.000 till 2025 and then jointly devalue their currencies overnight to Sinclair’s numbers 25.000/50.000, “outlawing” it after that. 2. TPTB opt for a gradual ascent of, in average 10-12% annually, for the next 10-20 years.
    I firmly believe that the price will always be what the evil cabal wants it to be.

  43. On January 11, 2021 at 9:42 am,
    Wolfster says:

    Hey Glen thanks as always….you got any update on Compass???….have been slowly trying to accumulate some but it’s a low volume trader……and I hope you looked at my spec cannabis play red white and bloom. It’s started off January nicely. Warrants are up 40% already.

  44. On January 11, 2021 at 10:32 am,
    b says:

    Bob expects a big correction based on the dsi.
    He is generally pretty good at calling tops/bottoms.

    • On January 11, 2021 at 10:45 am,
      Matthew says:

      Are you talking about BC?

      • On January 11, 2021 at 11:12 am,
        Kevin says:

        No AD.

      • On January 11, 2021 at 4:35 pm,
        Glenfidish says:

        Wolf,

        Sorry had a crazy busy day today! Wow what a move with red white and bloom hope your loaded to the nines. Great call! I fell asleep on it and that move has caught me with my wallet in my hand. Thanks for letting us know.

        If you ask me compass is going to follow the same trajectory as bloom. I see a w pattern and it’s just a matter of time before we wake up and large white massive candle up. Could take a bit more time or could happen tomorrow but it will go. I try and buy on a monthly basis with stocks like compass since there in a long consolidation period before the break out. Helps to load up on shares quietly as Matt does I believe.

        Great board of directors and management team. It’s a no brainer to me.

        Cheers pal

    • On January 11, 2021 at 11:13 am,
      Norrareal1968 says:

      Actually, he’s been more wrong than right on gold. I have followed him since 2014 and I guarantee to that.

  45. On January 11, 2021 at 10:54 am,
    b says:

    Jan 11 GSP Resource Hits High-Grade Copper Bob Moriarty 321gold

    Looks to me most people are thinking golds on its way back up, unless it drops of course.

    Bob expects a drop everywhere, he is pretty good with those daily sentiment indicator calls.

  46. On January 11, 2021 at 10:57 am,
    b says:

    The way gold is hanging just bellow 1850 is concerning to me.

    I think Ive seen this before, we could be in for a drop.

    The dollar looks like its moving up. No fun for gold.

  47. On January 11, 2021 at 11:26 am,
    Matthew says:

    HL versus GDX had become weekly overbought as it hit two fork resistances simultaneously last week so that plunge makes a lot of sense.
    https://stockcharts.com/h-sc/ui?s=HL%3AGDX&p=W&yr=5&mn=5&dy=0&id=p03803534138&a=863999268

  48. On January 11, 2021 at 11:30 am,
    David says:

    I am having serious computer problems today: It is showing Gold and Silver up and my miners down a bunch. Does anybody have a “scan” that will fix it?