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A US market and Precious Metals outlook

Cory
January 26, 2021

Doc joins me today to share his outlook for the US equity markets and precious metals. He agrees with the analysts calling for a pullback but it doesn’t look like a major crash. Listen to hear the levels Doc is looking for.

Discussion
96 Comments
    cfs
    Jan 26, 2021 26:27 AM

    Erfle and Trillium gold

    https://www.youtube.com/watch?v=oRqoy8SVgk4

    If you look carefully, in out of favor areas, even in metals production, there are companies with P/Es in the twenties.

      Jan 26, 2021 26:51 AM

      Doc where do you see gdx bottom if miners get sold off with stocks?
      Also when will we see the next catalyst for metals next move up, will it take inflation to be that catalyst?
      Thanks

      Jan 26, 2021 26:16 AM

      P/Es should not be considered in isolation in resource extraction businesses due to assets in the ground and even other factors like the exploration/development/expansion potential of properties. The importance of this cannot be stressed enough since those assets in the ground combined with a rising price of the resource being extracted can and usually does result in very high P/Es by conventional standards that are completely justified and do not represent a bubble or overvaluation.
      Newmont’s P/E is about 21 currently but I’d be willing to bet that 40-something will become a floor within 2 years as the gold price sends its resource valuation higher to a degree that will have a much greater impact on company valuation than the simultaneous earnings growth will.

        cfs
        Jan 26, 2021 26:16 AM

        e to some extent, but it depends if the company has a history of regularly replacing resources.
        I can think of several companies that had a five year mine life fifteen years ago and still have a five year mine life.
        But if you pick up a company with P/Es in the teens to twenties at the beginning of a bull run, you can have significant profit expansion with increasing metal prices and even the possibility of a P/E increase, giving good wealth growth, without having to gamble on the luck of the drill with a small exploration company.

          Jan 26, 2021 26:08 AM

          Let’s say the gold price is $2,000/oz and you have 1 million ounces of gold in the ground that are profitable above $1,000/oz and annual production is 100,000 ounces. If gold were to go to $3,000/oz, profitability or “E” would double while the “in-situ” value the gold in the ground would obviously go up by a multiple of that double. This example is of course an oversimplification but the increase in the company’s value based on the new value of the unmined ounces is clearly many times that of the increase in profitability.

          So, the doubling of earnings would require a doubling of share price in order to maintain the same P/E but this would obviously not account for the massive increase in the value of the gold in the ground. So it’s easy to see how a “normal” P/E of 20 could dramatically undervalue a company.

          In the months and years ahead, millions of new resource stock investors are going to leave a lot of money on the table because they will apply their conventional stock market assumptions inappropriately.

            Jan 26, 2021 26:20 AM

            good thinking!…

            Jan 26, 2021 26:38 PM

            Good discussion on the P/E valuations, and I agree with Matthew on the need to also consider the value of the ounces in the ground that may have far more value accretion, than just the earnings growth from the production on their own. Both are important to consider in the overall valuation of companies.

            Jan 26, 2021 26:06 PM

            Matt your the man! Point made for me is be ahead of the game and a step ahead! P/e gets to much value from average joe sorry! The new mentality and the sheep mentality is show me the money. As gold price rises companies like iamgold and so many more that have solid production and make mula at a certain cost will explode. This is coming

        Jan 26, 2021 26:59 PM

        Ditto! The legend Matt lol

    Jan 26, 2021 26:10 AM

    Gary Savage thinks the NASDAC could bubble up to 18000 before the crash.

    Jan 26, 2021 26:12 AM

    Thanks, Cory and Doc.

    Jan 26, 2021 26:14 AM

    Doc, I bought some Liberty Gold today and Dolly Varden yesterday, and Goliath,Strike Point, Enduro, and Fury last Fri. Do you own any of those?

      Jan 26, 2021 26:04 AM

      Bonzo, I own Fury but not the others. However, when you mentioned Varden yesterday I’m watching the technicals and an waiting to take a position down the road.

        Jan 26, 2021 26:34 AM

        Doc, Dolly V is down so much since August that I decided to buy some now and wait for silver to go to $200 and hope for good drilling luck too.

          Jan 26, 2021 26:44 PM

          I have a nice position going in Dolly Varden as well, and expect their exploration program in 2021 to continue on the success they’ve been achieving, and still believe, Hecla is watching with keen interest to potentially make another attempt at acquiring them in the next 1-2 years.

            Jan 26, 2021 26:47 PM

            Obviously it would be best if a takeover like that happened in 2 years or so and not now, as I believe Dolly Varden has much further to run from it’s current valuation, and there is a shortage of quality Silver deposits in Canada. Alexco & Metallic Minerals have a good thing going over at Keno Hill, with AXU moving into production, but the universe of stocks that have solid Silver resources in place in Canada is quite limited, and this bodes well for DV if they can keep having success with the drill bit.

            Jan 27, 2021 27:09 AM

            (DV) (DOLLF) Dolly Varden Silver – Pure Silver Play in the Golden Triangle (44 Mill Oz – 300 G/T)

            Proven And Probable – Dec 18, 2020 #VIDEO Interview

            “Shawn Khunkhun the CEO of Dolly Varden Silver Corp. sits down with Maurice Jackson of Proven and Probable.”

            https://youtu.be/5oYK9sAtjuU

        Jan 26, 2021 26:18 PM

        Doc, what are your thoughts on NAT…..I’m thinking of starting a position…… thanks!

      Jan 26, 2021 26:42 PM

      Nicely done bonzo. I have been watching Liberty Gold for a long time, and finally jumped in to a starter position today. There has been a post a note on my desk for some time with Liberty Gold written on it, that kept staring me in the face. The shares had pulled back enough by this morning that I thought it was time to jump in the pool.

        Jan 27, 2021 27:02 AM

        Top Stock Pick From Our Guests This Year – Liberty Gold (LGD) (LGDTF)

        Cambridge House International Inc. – Jan. 25, 2021 #VIDEO

        Jay Martin, CEO of Cambridge House interviews Cal Everett – CEO of Liberty Gold Corp.

        1:30​ Gold Price Explained
        5:24​ Gold, Silver or Copper Top Performer?
        7:36​ Liberty Portfolio
        8:34​ Blackpine Project
        12:52​ Mining in Idaho
        14:04​ Goldstrike Property
        15:19​ Future Plans
        17:05​ Current Shareholders
        19:18​ Trigger Points

        https://youtu.be/nofDW0Yqop0

    BDC
    Jan 26, 2021 26:31 AM

    “Give me that old fashioned UBI !!” … lol

    Jan 26, 2021 26:37 AM

    9 trillion to the banks and food for the unemployed is messing up the markets? My miners have decline 25% in 6 months. Orchestrated slowly down. Do charts drive market direction or market intervention by The Fed. Chicken or egg. Six months of intervention has affected the charts of all my stocks and has for at a minimum 12 years. That’s strange… the same amount of time the general markets have been walking up to insanity. Rant over.

      Jan 26, 2021 26:32 AM

      Charts reflect trading action, they don’t drive it, on net. No charts ever drove a company to success or failure. All trading affects the chart and leaves a message regardless of the motives behind the trading. Big moves up, especially vertical ones, will always cause profit-taking which tends to snowball as the resulting falling prices negatively impacts sentiment. Then profit-taking turns into fear-driven selling and since most players buy into excitement/strength, fear turns into despair and panic and then illogical loss-taking.
      I’m not a “manipulation denier” by any means but I do strongly believe that making money in markets would be no less difficult if manipulation didn’t exist. People will always take profits and people with deep pockets will always take profits that are disruptive to to the trading of small companies and leave many/most shareholders feeling beat-up.
      You’re ahead of most if you simply refuse to compound suboptimal actions. In other words, be a contrarian at least half the time to avoid irreparable financial harm. I have no doubt you do at least that (and probably much more) or you probably wouldn’t still be visiting this site.
      The turn is coming very soon and the gains this year will make all the aggravation an acceptable trade-off.

        Jan 26, 2021 26:45 AM

        Matthew, I always check charts but have learned they cannot predict when a drill hole will find something spectacular. I did not see anything in Bema’s chart predicting a rise from under $2 to over $8 when they found Cerro Cassale, but I was glad I owned it. And when I bought Novo@.60 I never dreamed it would soar to $7 based on the chart, or that it would fall back to $1 last March. And Eloro and Eskay have done much better than I hoped. There is so much luck involved in exploration.

          Jan 26, 2021 26:13 AM

          Matthew, do you still like XOP or are you out ?

            Jan 26, 2021 26:43 AM

            Pete, both. I still like it but am out and intend to get back in. Just not yet.

            Jan 26, 2021 26:04 PM

            Thank you, Matthew.

          Jan 26, 2021 26:49 PM

          A great point about the power of sudden and major catalyst spiking or cratering the share price in a tiny Jr company, and often swamping any technicals on the chart. However, once all that volume and pricing data populates the charts, then the TA becomes much more relevant again after the initial shock and awe of the news had been digested into closing prices for a few days, weeks, months.

        Jan 26, 2021 26:06 AM

        Here’s is what is frustrating. 2 to 6 months of an up market after orchestrated down periods lasting years. Last year we had that 2-3 month run and I traded the account for my best year of gains in that 2-3 period. Took gains from my best like Great Bear and Silvercrest and traded over $1 mil. Have some long term and some short term and an expanded # of shares. Then watched the account deteriorate and after I pay taxes the paper loss and the tax costs wipes out all the gains as I wait for the next leg. We get small windows of opportunity and I am not good at figuring out how to interpret false data to sell everything, nor figure out an alternative in counter intuitive options. Then I watch the charts and the news and the debt and the corruption and all of them together say the general markets are artificially over bought and gold/silver is on the verge of the next leg up. Why is it on the verge when each morning TPTB unload no existent phony contracts right before and during open to set the “tecnical tone” for the day. Or every time The Fed meets there is an artificial suppression of gold/silver market because it gives the dollar a bad image. The guy on the street doesn’t care… while simultaneously JPM doesn’t care if the government slaps 5 felonies on them for doing it because they are making money in a phony corrupted market. This is not about embarrassing the dollar, but giving the Banks a criminal enterprise with government sanction.
        Thanks Matthew for the info and know we are all frustrated. I have done this too long, written to too many and seen no progress. The message appears to be “don’t think there is any option but managed money”. I hate that message.

          Jan 26, 2021 26:48 AM

          I get it.

            Jan 26, 2021 26:09 PM

            Thanks Matthew. Good play. That will get things moving forward and shut me up. 🙂

            Jan 26, 2021 26:25 PM

            🤭 That’s funny but I really do get it!

            Jan 26, 2021 26:28 PM

            This sector can wear anyone out. Rob McEwen must be down nine figures on his investment in one particular company!

            Jan 26, 2021 26:39 PM

            I will stay clear of complaining around Rob McEwen. I like how my face looks forward.

          Jan 26, 2021 26:55 PM

          David – that was a really good post, and highlights how many converging data points can still result in frustration due to the larger financial institutions and banking cartels can push asset classes around, and how Fed & government policies often clip the wings of free and fair markets. Keep up the good fight, and I find your due diligence on companies and stock selection to be very good, along with most of the regular contributors here on the KER. It’s what keeps me coming back each day to review and discuss exciting opportunities, so keep up the great work and don’t let the bastards bring you down. Cheers!

    Jan 26, 2021 26:56 AM

    Thanks Doc for the comments on the gen’l markets. I too think we’re due for a bit of corrective action. I generally play QID and SPXU. Down a bit on both but they can change in a heartbeat so I’m holding………..

    Jan 26, 2021 26:28 AM

    Doc:
    Here’s a chart from Kimball that reflects your thinking on conventional markets:
    ttps://kimblechartingsolutions.com/2021/01/largest-bearish-reversal-in-20-years-sends-caution-message-to-stocks/

      Jan 26, 2021 26:22 PM

      Silver, I took a position in the Vixy last week and am out of the money just a “smidgen”—ther’e’s a gap close to my pricing and if the vixy takes it out I may sell out and hope for the price to move down once more and take a position at a lower price. Of course, if I do get out of my position you can bet the market will dump and I’ll miss the big move down.

        Jan 26, 2021 26:34 PM

        I also wonder whether the Fed will want to cool some of the tremendous speculation going on currently and will “jaw” a reversal with some kind of their famous verbiage that puts traders on edge. The fact the market is levitating without any volatility is somewhat worrying.

          Jan 26, 2021 26:33 PM

          The only way The Fed can curb inflation is by raising interest rates and they can’t do that because of the debt. Even if they could the speculators would not notice, speculation at this juncture can’t be stopped, that would be the end game for these markets. Verbiage from the likes of Powell and Yellen mean nothing, The Fed is beaten. DT

            Jan 26, 2021 26:41 PM

            mean should be means

            Jan 26, 2021 26:47 PM

            “The only way The Fed can curb inflation is by raising interest rates and they can’t do that because of the debt. ” — DT

            Bingo! Very well-stated DT. The central bankers are in a real predicament in that when all the money printing and government fiscal stimulus programs do eventually stoke the fires of inflation, their typical tool for keeping inflation in check (raising rates) will be much more limited in the coming cycle, because of back-breaking levels of debt on their balance sheet. The rates can’t go up much further, and can definitely not be “normalized” back to 4%-7% without imploding the whole system.

            As a result, they are working to control the yields, keeping them in a narrow range, and would likely cap rates if they got up much over 2%. In contrast, true inflation is way above their target of 2% (but the government stats leave out many key areas of daily life where the inflation is getting hotter), and this mean real rates will remain negative. Negative real rates continue to represent a very fertile ground for elevated gold prices today and for the foreseeable future – medium to longer term.

        Jan 26, 2021 26:00 PM

        Hi Doc – I was also in a VIXY trade from 2 weeks back but sold it today, for basically a wash. Now my concern is we are going to see some fireworks in volatility and I’ll be out of the trade if the dump you mentioned happens. The US markets have been stronger than anticipated the last few weeks, and I was expecting more volatility in the general indexes than what we have actually seen thus far. I just keep seeing opportunities arise in the mining stocks.

          Jan 26, 2021 26:31 PM

          Ex. you’re correct about the mining stocks. They’re “cheat” but I feel they’re going to get a little “cheaper” in February and then it will be a great time to load up. I was 60% invested a few weeks ago (August) and then took some profits in some high runners and then again in the nice move up in uranium stocks. 2020 was a great year for me personally and now I’m only 50% invested. As I’ve said in the past I always keep a good amount of cash around for dips where I can add to kept positions and buy stocks I missed in the past that are coming back nicely along with others I wished I had a larger position in. I know there are those that think it is crazy to not be invested at a higher % but it has worked fine for me—-plus there isn’t angst when we get another sell off like we’re currently watching. The sell off tells me we may be watching the PMs wallow around at lower levels for some time—-if that is the case it is probably foreshadowing a less robust year then a lot of folks are predicting when vaccination is ramped up and the virus is tiring off being obnoxious.

            Jan 26, 2021 26:01 PM

            Doc – great thoughts as per usual, and I’ve been on a similar journey, but have a larger percentage of funds earmarked for my trading account invested in the resource sector (more like 85%), but still plenty of cash outside of the trading account as a buffer that could be accessed if needed in any dramatic sector selldowns.

            I’ve been deploying funds over the last 2 weeks into fortifying existing gold & silver positions, and starting a half dozen new positions in quality companies I’ve been wanting to nab during corrective moves. As you mentioned, it is nice to get into positions that may have run away higher, as they come back down to earth during corrective legs, like we’ve seen since last summer, and that accelerated starting in early January.
            Yes, we very well could see more weakness if the PMs do end up breaking support levels, but as you stated that would be a good opportunity to add even more to miners if they sell off. I’m a bit more optimist about 2021 than you stated, especially around the Silver stocks and even Silver’s ability to rise more relative to Gold. Things are at an inflection point where the PMs are getting oversold, and look ready to make it or break it, so I’ve been adding more funds to miners recently in anticipation of a near-term pop (maybe by later this week, after the market digests the Fedbabble from tomorrow’s meeting). If we get the drop instead, those aren’t as fun, but I’ll get out the shopping list and fire off the dry powder if that is what plays out.

            Yes, the Uranium stocks have been moving nicely as have the Lithium stocks, so I’ve recently pulled some profits from miners in both those sectors and moved some to the sidelines and some in PMs and Copper stocks. Also the PGM stocks I hold have been running much higher over the last few months, and few are discussing those, but they’ve been a real boon to my trading portfolio. I’ve mostly left them alone, but did trim back Platinum Group Metals as it had gotten a bit ahead of itself.

            Cheers!

    Jan 26, 2021 26:23 PM

    Matthew, do you share Docs view on the PMs?
    Do you think we’re going to see a lot more weakness ahead?

      Jan 26, 2021 26:08 PM

      I think the very short term (one to several days) is a coin toss directionally and an important one. It’s not often that I would be equally unsurprised to see a sharp move in either direction but such a surprise is very possible now, in my opinion. The current level absolutely could hold (at the 200 day MA for the XAU) and I think many tiny caps have already bottomed but I would actually like to see a 5% smash tomorrow to end this multi-month correction decisively as I believe it would. If we don’t get such a washout and also avoid a convincing move up in the next few sessions, then Doc’s scenario would become more of a concern. But for now, I do not think we have much longer before a new move up begins, particularly in the miners (which I think will far outperform the metals).
      https://stockcharts.com/h-sc/ui?s=%24XAU&p=D&yr=0&mn=11&dy=0&id=p72112506106&a=715271477

      Jan 26, 2021 26:12 PM

      A single weekly close below “P” (1811.73) would be terrible in my book as it would probably cause at least a setback in time if not also price.
      https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=5&mn=0&dy=0&id=p77440980398&a=869945476

        Jan 26, 2021 26:13 PM

        A weekly close below 1790 would be worse. See blue support line on chart linked above.

          Jan 26, 2021 26:28 PM

          Agreed Matthew. I don’t want to see a daily or weekly close get down to $1790, and really don’t want to see the November low at $1767.20 taken out on the daily, and definitely not the weekly.

          The 233 day EMA has held as support the last 2 dips, and don’t want to see it get broken either.

          https://schrts.co/VvFdxzia

    Jan 26, 2021 26:12 PM

    Holy cow, Batman, Butch Cassidy was right when he told Sundance how rich the mines are in Bolivia. Eloro was up 25% today from $2 to 2.50

    Jan 26, 2021 26:15 PM

    Matt,

    Few make money in this business! The talkers and bull shitters/chartist and webinar masters lmao are all out there and can’t make a penny.

    You don’t need to justify your actions because we know how to make mula.. no explanation needed. For me the charts paint 90% of what is coming.. now hold on. Matt may disagree but I pave wayyyy more credible to charts then did I dig the hole properly, or did my cut and paste article about section 101 and reserves etc make the page. My point is this. I’ve made way more money looking at charts, board of directors, management team, jurisdiction and ounces. And of course the most important cash in hand ( who is backing them up) .. everything else is bogus.

    Glen

      Jan 27, 2021 27:51 AM

      “Few make money in this business! The talkers and bull shitters/chartist and webinar masters lmao are all out there and can’t make a penny.”

      That is ridiculous. There are people that make fantastic money in this business.
      Some value investors have done quite well stacking bullion for years or decades, following the larger macro-economic trends in markets/currencies/interest rates/central bank meddling (likely covered in those articles that get cut & pasted – and read & reviewed if investors are intelligent).

      In addition many PM mining companies and their institutional and retail investors have made life changing fortunes in the business for years. Yes, there are pitfalls, and yes there are lessor quality companies, and that is precisely why many investors are seeking out information on vetting these companies from newsletter writers, mining conferences, and forums of ideas like this where the company news and fundamental or technical set up can be hashed out.

      If nobody was making money then none of these different parties would be here and the sector would have closed up shop decades ago, so to see they “can’t make a penny” is simply a warped opinion to have factually incorrect.

      Yes, analyzing charts and doing technical analysis is incredibly helpful for any sector or asset class, but it should be paired with sold fundamental analysis. In the case of earlier stage exploration stocks, the actual drill results (the truth machine) is the prime mover, much more so than the board or jurisdiction (but those are important to consider as well). Quite often staying abreast of major company milestones, permitting updates, drilling news, resource estimates, challenges at properties or mines (like a protest/blockade, permit denial, drilling miss, tailing dam issue) or challenges with the share structure or warrant overhang can create buying or selling that temporarily may swamp the immediate technical set up. Over time, the technicals will adjust to incorporate this selling or buying due to breaking news, but those investors staying on top of the the companies and trends in the sector can make plenty of money without being glued to charts, and I’m sure they made more than a penny… 🙂

    Jan 26, 2021 26:19 PM

    Sorry bonzo,

    That’s bs sorry! Your talking about a 1 and 100,000 chance of nailing a call. I don’t trade that way! I’ve done it all bonzo and I’m very successful. Use to think your way but you will learn it is the wrong approach. I’m trying to respect what you are saying but you remind me off my younger days.

    My younger days was when I cared for drill holes or promises etc. The charts run with gold and regardless of holes they will run! There is the odd time they don’t but run they will don’t be a sheep.

    Glen

      Jan 27, 2021 27:32 AM

      That is the height of arrogance to brag about how successful you are, and to have the audacity to tell someone that has been successfully trading mining and oil stocks for decades like Bonzo that ” I’m trying to respect what you are saying but you remind me off my younger days.” What a colossal ego manic.

      Bonzo’s point was precisely right that about the power of sudden and major catalysts can absolutely spike or crater the share price in a tiny Jr company, often swamping any technicals on the chart that were there previous to that news breaking. This is much more so in the smaller exploration stocks that Bonzo was discussing.

      As mentioned above, once all that volume and pricing data from the news catalyst populates on the charts, then the TA becomes much more relevant again after the initial shock and awe of the news had been digested into closing prices for a few days, weeks, months.

      Not to mention, there are PLENTY of exploration stocks that ignore the underlying metals prices if they make a big discovery with the drill bit, or miss on a drill campaign. Those that ignore the fundamental news on the smaller drill plays, due so at their own peril.

      That was the main point it seemed like bonzo was making, and there was nothing you

        Jan 27, 2021 27:37 AM

        That was the main point it seemed like bonzo was making further up in the blog, and there was nothing “younger” or wrong about it. The technical picture is always worth considering, but there are tons of examples every day of a news report spiking higher or smashing lower a smaller Jr out of nowhere, and it was not forecast on any chart.

        Again, after that new pricing data, that appeared suddenly in reaction to the fundamental news is digested, then the technical analysis, picks up from there with this adjusted data points, and revised targets.

    Jan 26, 2021 26:28 PM

    Doc,

    Sorry you have been so off in your calls i don’t know what to say! You made investors believe to get out early while percentages raged higher lol. Secondly you now say the bottom is not in while none of my stocks have made new lows?

    You are profession the wrong advice and hurting investors portfolio. I’m straight to the point. I respect you but your calls are off.

    Not one person claimed the right shoulder formation “ which is active presently but glen” yet I have to hear this other person not named doc profess his ego and cut and paste and be all the while glens call had been the number 1 call?

    Where is the respect in the ker family! You all know I said over a month ago the right shoulder of an inverse head and shoulders is forming before it formed…. but yet you like to hear the words of a master idiot who is not doc!

    Glen

      Jan 26, 2021 26:47 PM

      Glenfidish – I’ve ignored the last 2 weeks of your garbage posts, repeatedly attacking me and most of the market pundits and pros material I’ve posted, and bearing false witness about things I’ve said. Honestly, your personal opinions and neuroses are your burden to bear, but recently your insults to multiple contributors here are getting pretty obnoxious and are uncalled for.

      This latest vitriol and these uncalled for accusations and insults (where according to you I’m an “evil narcissist jealous conman” — Haha! whatever), where you now claim Bonzo is full of BS (when he has been investing far longer and more successfully than you), and now you just accused Doc of “profession the wrong advice and hurting investors portfolios,” when he was the featured speaker on today’s editorial.

      It is nice when you post about your TA targets (although without ever posting any charts), and several people (including myself) have noted that they appreciated your targets and analysis in the past. Try sticking with that and knock off the rest of your negativity.

      You’ve come on here a lot recently lecturing other people about ego, and then constantly break your own arm off to try and pat yourself on the back, and talk about your “#1 call” or “balsy calls”, and how apparently nobody else can make money but you.

      >> It is pretty obvious through all your recent posts, and your need to refer to yourself in the 3rd person, and constant need for validation from others who is really the insecure one and has the ego problem.

      The classic narcissist is someone that talks about how great they are in the 3rd person. “No one else calls things in real time but Glen…. Glen has seen it all and works hard…. Can I get a glen glen…. Glen’s call was #1… ” and other such rubbish. It really would be funny if it wasn’t so pathetic.

      You’ve threatened to leave the site 3 times now, because you weren’t getting enough attention from everyone, and we all came to your support the first time. However it is getting old to watch you place blame on everyone else’s information and methods, while declaring your posts of “guess the number, then revise the number” as the only “substance” on here, and the rest is just “bogus.”

      You’ve now posted about 2 dozen of the same repetitive posts where you reference the H&S pattern (one of the most common patterns in TA) and your obsession with letting us all know it is the right shoulder (that you initially called a head). You’re initial downside target was $1880-$1890, but then you adjusted it down to the really wide range of $1850-$1880, but Gold already sunk down way below those to $1810, and invalidated a typical H&S pattern anyway.

      >> “Where is the respect in the ker family!” you ask:
      (that is laughable considering what you’ve been posting)

      Well the “respect” is certainly is not coming from zero value posts like the ones you’ve been putting up lately, where you ridiculously claim all other technical analysts (except the amazing Glen of course) of making no money, and have pressed your fantasy narrative again today with ” bull shitters/chartist and webinar masters lmao are all out there and can’t make a penny.”

      Your claims are simply ridiculous Glen. Why would investors follow the many other technical analyst pros and shell out their hard earned money to subscribe to their services if nobody was making a penny? Why would investors attend in person or virtual webinars from the Vancouver Resource Investors Conference, Metals Investor Forum, or New Orleans Investment Conference if nobody was getting good actionable information to make money with? Do you see the fallacy of logic in your silly assertions?

      Give us a break from the nonsense, and try to offer something of value, rather than being constantly negative and trying to tear everyone else down to make yourself look better. It makes you look small, and you’re better than that, but it has definitely crossed the line of acceptable decorum on the blog.

      If you don’t like someone else’s post, then just scan on by, but offering posts of some of the best minds in the sector, breaking new in companies that are doing good work, sharing other technicians targets, and reviewing multiple sectors from Gold/Silver, Platinum, Copper, Zinc, Uranium, Lithium, and Specialty Metals is offering investors a ton of value and thoughts to consider. Newsflash, there are plenty of other investors making money besides you buddy. Tone it down about a dozen notches.

      Lastly, you’ve threatened to leave the site now 3 different times.

      1) The first time it was because you weren’t getting enough recognition for your earth-shattering numbers
      2) Next you threatened to leave and not share your targets because you were “taking a back seat to other technicians”. (Yes, you are such a victim of those other evil technicians that never make a penny for their subscribers. Inferiority complex much?)
      3) Last week you said you were definitely leaving for good and blamed it all on me for being an “evil lying conman.” (hilarious, but way out line).

      Remember, if you decide to leave, it because of your own issues, and not because anyone is sharing information from mining conferences, other technicians, or discussing the companies and sectors we are all trading on a daily basis. You are not a victim here, and your inability to cope with others sharing information is your burden to bear.

      I hope you clean up your act and keep posting here, while offering value in your posts, but discontinue your constant tearing down of all things not “Glen”. You have insights to offer, just like we all do, and you’ve come a long way in your analysis. Having said that, if we have to swallow it down with all the negativity, insults, and personal attacks, then it goes in the “ignore bin.” Be better.

        Jan 26, 2021 26:59 PM

        And don’t go threatening to leave for the 4th time and blame me for finally responding to your negative posts. If you want to leave, then leave, if you want to stay, then quit tearing others down, attacking others in posts, and try to offer something of value in your posts.

        I’m sorry to have had to air that out on the blog, because I despise these kinds of posts, but Ive ignored multiple negative posts coming from you for weeks now, and enough is enough. A response was warranted when you went after Bonzo and Doc, in addition to myself, Gary Wagner, Gary Savage, Goldfinger, and all the other technicians people post info from here (Ira Epstein, Jordan Roy Bryne, Christopher Aaron, Patrick Karim, Northstar, etc…), and information shared from the quality investing conferences.

        I hoping you pick the high road moving forward, but will have little sympathy to any more sob stories of leaving or how you deserve more recognition. Be the best “Glen” you can be, and if you don’t like something else, then scroll on by…

        Cheers!

        Jan 26, 2021 26:16 PM

        Ex formerly known as shad or Narcissistic,

        I didn’t bother reading your post just cutting to the chase.. From my perspective your nothing more then that. And please do yourself a favor and stop trying to get others involved and speak for yourself. As mentioned before you don’t make me money and add nothing I already know. Keep cutting and pasting and wasting my time by taking up 98% of the board with your mental illness of responding to each and everyone of us if it makes you feel better. Here’s something, go spend some time with your loved ones.

        Maybe it hurts you many people appreciate my calls with gold of which you could never make in a life time. You are the king of taking jabs and and insults at others through your condensing post.. who the heck do you think you are?

        Again you have an ignore button and just like you, I wish you would have gone far away but your vacation was cut to short only to spoil the board with your addictive nature of me me me.. go spare me.

        Glen

          Jan 26, 2021 26:24 PM

          Sorry shad,

          May I add that my inverse head and shoulders formation was called way before you were a puppy or even dreamed of being valid young boy! You could never hold my jock, so keep tutting your horn and cutting and pasting. Maybe fir a change learn to think for yourself and apply even the most common sense in charts or patterns.

          You have not the clue. My BFF all remains valid and everyone here not named shad knows they are so stop trying to be a typical little brat kid and desperately trying to get other posters on your side. This is me and you and I have made way better calls then you lately. Swallow it.. And just because I’m off by a few dollars means nothing when I called a too before hand and the bottom in gold. Something you could never do with your “ play it safe code” bs.. we all know you always play it safe as to never be called out. Grow some like me and make calls in real time.

          Glen

            Jan 26, 2021 26:34 PM

            https://i.giphy.com/media/26xBQGzgQTDMJNJfy/giphy.webp

            More Glen garbage on the blog. Nothing you have contributed today has offered any value to investors, as did none of your attacks on all other technicians or contributors here.

            Yawn…. and you and your jock and shoulders are on ignore… (not that any of it ever helped me in my daily trading to begin with).

            You’re a sad case man, and better than this. Try a glass of wine or two to calm down, and come back when you can offer something of value to say.

          Jan 26, 2021 26:27 PM

          Another negative garbage post Glen. It is sad to watch man, but you are going on the ignore list.

          >> It is pretty obvious through all your recent posts, and your need to refer to yourself in the 3rd person, and constant need for validation from others who is really the insecure one and has the ego problem.

          The classic narcissist is someone that talks about how great they are in the 3rd person. “No one else calls things in real time but Glen…. Glen has seen it all and works hard…. Can I get a glen glen…. Glen’s call was #1… ” and other such rubbish. It really would be funny if it wasn’t so pathetic.

          You have clogged up the board with 4 rants today, and not one thing you have posted today attacking Bonzo, Doc, myself, or all the other pundits whose information is shared helped investors make money. Instead of learning from others you think you know it all, which is your delusion to deal with.

          If anyone needs to be spared, it people that come here looking for macro economics, company info, and trading ideas, and Glen talking to Glen about he is the only one that can make money.

          Buy bye then….

          Jan 26, 2021 26:34 PM

          Gold update!

          The inverse head and shoulders formation remains intact. This is a call that was made weeks ago almost a month ago before it even started that’s in record despite the hate from con artist.. Many of you know this call was made boldly and in real time. Thank you to the ones that appreciate my work and the ones who really gave me praise for calling the top before the turn. I won’t let this world of hate we live in try and turn my calls into what they want to perceive. We have people even in here who pretend to be good but personally I see though it with there agenda. Evil is all around us.

          I will continue to give you real time call because many of you know it comes from the heart and I pass on what I learned from good men like Matt etc.

          I gain no nominal advantage doing it but I gain a wealth of goodness and charity possibly how Matt feels by doing it.

          No one person will chase me away with there Vernon or try and out hate by evil tongue as ni al says.

          I will keep you updated with what I see..

          The right shoulder is forming to perfection! Does it mean it is a right shoulder? It sure looks like it and I think soon we will know if my call was a great one or if I was off by one more fall.. Rest assure good times are ahead..

          Glen

            Jan 26, 2021 26:29 PM

            Glen we all appreciated your technical analysis, and if you just stuck to the numbers that would be fine, but lately you have attacked all technicians and all posters that are “not Glen” and spouted outright lies about me.

            If there is anyone that has come on today spreading evil and venom, then it is the guy you see in the mirror.

            Go back up an look at your posts to Bonzo and Doc, and at the posts you’ve put up the last few weeks that are filled with negativity.

            Quite often unstable people will judge in others the demons they have inside, and I feel sorry for you.

            ______________

            Let’s just inspect some of your recent gems from today and recently for any value they bring to investors…

            >> On January 26, 2021 at 5:15 pm,
            Glenfidish says:

            “The talkers and bull shitters/chartist and webinar masters lmao are all out there and can’t make a penny.”

            [yeah, nobody is making any money only Glen. All other analysts both fundamental and technical have nothing to offer and nobody can learn from any of them… only Glen. Ridiculous]
            ———————————————————–

            >> On January 26, 2021 at 5:28 pm,
            Glenfidish says:

            Doc,
            “Sorry you have been so off in your calls i don’t know what to say! You made investors believe to get out early while percentages raged higher lol. Secondly you now say the bottom is not in while none of my stocks have made new lows?”

            “You are profession the wrong advice and hurting investors portfolio. I’m straight to the point. ”

            [that is plenty of venom towards the guest speaker on today’s editorial, and to accuse Doc of hurting investors is pretty sleazy]

            ———————————————————
            >> On January 26, 2021 at 5:19 pm,
            Glenfidish says:

            “Sorry bonzo,”

            “That’s bs sorry! Your talking about a 1 and 100,000 chance of nailing a call. I don’t trade that way! I’ve done it all bonzo and I’m very successful. Use to think your way but you will learn it is the wrong approach.”

            [That is the height of arrogance to brag about how successful you are, have the audacity to tell someone that has been successfully trading mining and oil stocks for decades like bonzo that ” I’m trying to respect what you are saying but you remind me off my younger days.” What a colossal ego manic]
            ————————————————————–

            >> On January 26, 2021 at 9:16 pm,
            Glenfidish says:

            “Maybe it hurts you many people appreciate my calls with gold of which you could never make in a life time. “

            [ Again, it is easy to see who has the huge ego. There are dozens of post from you in the past congratulating my good many former good calls, and I don’t need to come on every day boasting about it like you seem to need to. Really pathetic Glen.]

            “I wish you would have gone far away but your vacation was cut to short only to spoil the board with your addictive nature of me me me.. go spare me.” – Glen

            [ That is pretty negative, vengeful, and the pot calling the kettle black, but that is your nature. It is also tragically funny coming from someone whining the last 3 weeks about leaving the blog because not enough people were complimenting you or you felt threatened by other technical analysts info. No, please spare us]

            >> On January 19, 2021 at 8:45 pm,
            Glenfidish says:

            “Maybe I will let the experts like Gary Wagner or Gary savage tell you the direction. I have targets but I have decided to keep them to myself and for a change not share them. I will hold a back seat to all these experts lol out there and there projections.”

            [Whah… then take your ball and go home. What an inferiority complex.]

            —————————————————
            >> On January 7, 2021 at 8:00 pm,
            Glenfidish says: (talking about me)

            “I have been nice to this pundint but he shows his true clouds. I come from the streets and I’m a good guy and wish everyone much success. This pundint is an a-hole always trying to stir shit up and trying to cause confusion. He is exactly the person you don’t want to listen to because you will lose a fortunes lol. Facts”

            [That post was utter nonsense Glen, and why I didn’t respond back when you wrote it, but it was far from a fact, and more like your bizarre delusional narrative.

            First of all I was talking about longer term investors positioned in producers not worrying about every $50 to $100 move in Gold, yet somehow, they guy that talks to himself in the 3rd person constantly thought it was about him. Nothing was the case, but everything to Glen revolves around Glen and his magical number targets , so he took offense]

            My track record of offering investable ideas is on the last 11 years of posts on the blog for anyone to see, so your comments about losing fortunes listening to me was quite comical, but unnecessary and petty.]

            _________________________________

            >> On January 21, 2021 at 8:00 pm,
            Glenfidish says:

            “I’ve seen it done it all and seen all [oh have you now], you tubers and chartist and the common denominator is they are 90% flakey and not confident in what they do. There is always a sense of doubt. Have you guys heard this before? If a goes to b then c might go to d? Lol..or if b goes to d them c will go to x! This is wrong recipe and not how I personally trade.”

            [well if it is not how Glen trades then it must be wrong… right? Actually, anyone worth their salt in TA knows there are no absolutes and know all technical analysis does is look for good probabilistic set ups… so yes, if a goes to b then c… or if a goes to d then x. Anyone that believes, naively, that they are always right and don’t have a contingency plan for if the trade goes the opposite way is a charlatan. But to Glen, there is only Glen’s way.]

            But this wise prophet Glen continued on with his vitriol:

            “I tried to share things with you guys from my heart but this narcissistic personality said something last week that put a dent in me by calling Matthew a troll!! Lost all the respect in the world for him. He couldn’t hold my jock yet alone matthews charts. There are people who’s Evil or Vernon is professed in there words and talk and you will clearly see it with constant jabs and opinions and jealously.”

            [First of all, the guy lecturing us on sin, committed a far worse one by bearing false witness about another. Just to clear up Glen’s lazy reading or comprehension issues on this post, that “put a dent in him”. Matthew and I were discussing a completely different poster over at ceo.ca named @11.

            I mentioned that @11 guy was trolling me and also was insulting both Matthew and Doc over at ceo.ca, and calling all those over at the KER losers. I mentioned that I had stood up for both Matthew’s & Doc’s characters and that this @11 guy was eventually kicked of ceo.ca for being an ass to all the other contributors, for being combative, and for thinking his TA approach was the only one to have. Boy that sure sounds like someone else here doing the exact same thing…

            So no Glen, you got it wrong once again, and are telling lies. I hope you’ll work on being better, but you are on the same dark path @11 was on over there]

            _____________________

            I could go on, but there is plenty there to see who is being negative, evil and spewing the venom, and it is the disturbed individual talking about himself in 3rd person constantly and bragging constantly, while tearing everyone else down.

            It’s sad, and posting numbers on where you think the gold price may turn at tops and bottoms, pales in comparison to all that junk you littered the blog with for weeks now.

            My posts are sector news, company news, posts of other pundits, posts from other technicians, and my own trades and perspectives, and offered in the spirit of helping other investors. Again, this isn’t rocket science Glen, if you don’t like those posts then don’t read them, but quit your bellyaching already.

            Go back and read the blog for the last few weeks and there weren’t any of my posts with malice towards you, or the news, or the macro economic pundits, or other technicians. That is all coming from you Glen, and it makes your several dozen repetitive H&S posts, with insults layered in tiresome and not making anyone any money.

            Be better.

          Jan 26, 2021 26:43 PM

          Came back to post one last time and noticed the list have been going from 7:00 am to midnight from same person.. If that’s not an illness or someone who works for the ker then I’m troubled. In fact I hate to point his out and I won’t speak for him but some of us have migraines from the same person “ who has been called out” by other posters for flooding the board with cut and paste. I would wish he would take the family for a walk..

          Moving forward I won’t respond to his behaviour or childish videos because that just feeds his ego of continuous Bollywood behaviour lol.

          I will repost on Friday and share with the ker members the companies I added this week.

          Glen

            Jan 26, 2021 26:38 PM

            Yes you are troubled, and seem like you do have a headache, or a deeper problem.

            Go back and read what you have posted all day (it was consolidated to show the negativity you have repeatedly posted on this board the last few weeks)

            The vast majority of my posts for weeks have been in the effort to share information on macro economics, sector news, breaking company news, technical analysis from other pros (that don’t have nearly your ego), and videos of interviews and mining conferences.

            If you feel those contributions (which actually could make investors money or at least have them better informed) are childish or lack value, then just scan on by them, but enough with the negativity Glen. It’s beneath you, and this discussion trying to have any semblance of a logical talk with you is beneath my time, and I give up trying to deal with you. Stick to your TA and leave all the attacks and insults off the blog guy.

            ________________

            “Never argue with stupid people, they will drag you down to their level and then beat you with experience” – Mark Twain

            https://gulliblestravelsdma.files.wordpress.com/2014/04/1981984_10202882106349739_1646133045_n.jpg

            Jan 26, 2021 26:52 PM

            Fund Manager Adrian Day’s 2021 Outlook for Gold, Silver, Copper, and Uranium Stocks

            Cambridge House International Inc. – Jan 25, 2021 #VIDEO

            >> 2021 Standouts:

            “When gold recovers in the first few months of the year – as gold near $2,000 – senior producers and senior royalties will take off because more generalists will get involved again.”

            “Over the last 6 months, generalist investors have been worn down by flat gold stocks. Fund managers are incentivized to unload gold stocks when they aren’t generating returns.”

            “Very select exploration stock with a good discovery with a buzz behind them will begin to move but the whole exploration sector won’t move as much.”

            >> Risks for gold

            1) If economic restrictions are lifted sooner and more completely than expected.
            2) If consumers react accordingly CPI will go up (planes are full, restaurants are full) unless:
            – The dollars rallies
            – Interest rates pickup

            “Base metals will do well in a strong economy unless we have a strong dollar and rising interest rates.”

            “Adrian believes base metals may have risen too far too fast because the market is looking too far into the future.”

            “Gold will do well unless real rates flip from negative to positive – but Adrian does not believe that is likely because of the communications and expectations coming out of the central banks.”

            “When the Fed says they’re going to keep printing money and keeping rates low there’s no reason not to believe them.”

            “Out of Copper, Silver, and Uranium, Adrian believes the top performer will be Silver – assuming a strong gold performance.
            – Gold has the strongest risk-reward profile.
            – Shrinking Silver supply and other fundamentals make silver a very interesting investment. In a strong market, silver will outperform.
            – In the near term (1-2 years) there is a sufficient supply of Uranium in the wings. Cameco will resume production and Kazakstan will step up production.
            – If copper production needs to double, then you can’t simply increase production in the next 2 years.

            https://youtu.be/Bv0uf7CHtuI

      Jan 26, 2021 26:02 PM

      Ira Epstein’s Metals Video (01/26/2021)

      Technical Analysis, Gold, Silver, Copper, Platinum

      https://youtu.be/Y4Xkb0usCzk

    Jan 26, 2021 26:05 PM

    Speaking of Technical Analysis – Northstar does a great job on his charts, and I’m sure his followers are making good money. He has just released a number of great charts on some of the Uranium companies.

    ______________________________________

    Northstar @Northst18363337

    “$NXE Nexgen Energy breakout move is continuing. Looks like another 30% upside is likely before we take another breather.”

    https://twitter.com/Northst18363337/status/1354100598241714178

      Jan 26, 2021 26:10 PM

      Northstar @Northst18363337 on Twitter 8:35 AM · Jan 26, 2021

      “Boom – there goes another one… $URG UR-Energy up over 9% so far today and progressing nicely towards my next target.”

      https://twitter.com/Northst18363337/status/1354105721655353356

        Jan 26, 2021 26:12 PM

        Northstar @Northst18363337 on Twitter 8:08 AM · Jan 26, 2021

        “#Cameco (CCO on the Canadian exchange) has broken out of it’s down-trending channel/flag. Looks ready to head up to that 13 Year resistance line near $23”

        https://twitter.com/Northst18363337/status/1354099019002347520

          Jan 26, 2021 26:52 PM

          From the looks of things I’m expecting gold to work it’s way through here possibly another week or two. Could be sooner before heading higher.

          The miners continue to be a bit opportunity on any pullbacks as some of you have been doing. Respectively my miners have not made new lows.

          Glen

            Jan 26, 2021 26:36 PM

            The vast majority of higher torque Gold & Silver miners have been under noticeable weakness since early January, after nice runs from late November, into December, and into early Jan.

            Yes, this recent pullback in January has offered good opportunities to accumulate existing positions or start new positions that have come back to good levels.

            The Gold miners have been in a classic sideways channel since last Fall (Oct/Nov), and while it has offered a few periods for good swing trades, the real breakout (or breakdown) move is still coming in the weeks to come.

            It is possible that the Fed meeting tomorrow on Wednesday will provide the catalyst to get things moving.

            I’m invested for the bullish thesis and the eventual breakout, and have been actively trading in the markets the last few weeks to increase my Gold Silver exposure, and slightly reduced my Uranium and Lithium exposure (after their mining stocks have had much better moves higher). However I’m cognizant of a number of technicians warning of more potential weakness, should Gold break down further challenging the low $1800s and worse the high $1700s, dragging the sector with it.

            So while Gold has mainly channeled sideways between the 55 day EMA and 233 day EMA, I’d prefer to see it stay above that 233 day EMA (currently at $1802.34), and definitely want to see it stay above that November trough low at $1767.20.

            It would be quite bullish to see Gold close above the 55 day EMA (currently at $1870.67), and even more bullish to see that happen on the weekly close.

            The Gold Chart below shows the channel between the 2 EMAs that Gold has been piping in, and the energy is building for a large move out of this consolidation.

            https://schrts.co/HUYZSqmP

            Jan 26, 2021 26:43 PM

            Peter Spina’s 2021 Forecast and Top Stock Picks – Gold and Silver Miners

            Cambridge House International – Jan 26, 2021 #VIDEO

            “His experience with the precious metals markets started back in the mid-1990s, which led to the creation of GoldSeek.com in 1995. Today GoldSeek.com ranks within the top, most-visited gold investor websites in the world with a 250,000+ global monthly reader outreach. Its sister site, SilverSeek.com, is ranked as the most visited silver website in the world recently reaching 100,000+ monthly silver investor readers.”

            “With over 15 years of experience with investing into gold and silver mining companies, Peter devotes much of his time researching, consulting and investing into gold and silver stocks with a primary focus on micro-caps.”

            https://youtu.be/zGr6Li0nLHk

        Jan 26, 2021 26:55 PM

        Gold Technical Analysis for January 27, 2021 by FXEmpire

        Jan 26, 2021 – FX Empire

        “Gold markets went back and forth during the course of the trading session on Tuesday as we continue to see hesitation before the FOMC.”

        https://youtu.be/qmVgQmZ7tmY

    Jan 26, 2021 26:51 PM

    (BHS) (KXPLF) Bayhorse Silver Initiates Underground Drill Program to Expand Bayhorse Silver Mine Resource

    @newsfile on 26 Jan 2021

    https://ceo.ca/@newsfile/bayhorse-silver-initiates-underground-drill-program

    Jan 27, 2021 27:40 AM

    The poster above who continues to say he will out me in ignore yet go through all this time to repost events of my words really has an illness and yet he can’t see it. As mentioned before we are in a very fight in this world with left minded, socialist Marxist thinking that believe they can shut you up, take your voice or expressions of freedom away and paint you into believing I’m the bad guy. It is sickening through his words and is exactly what is happening.

    Doc and bonzo, let me make this clear that my “so called attacks” are not 100% personally to you as it is to your method. I like you both and have listen to both of you for many years. But I have the every right and this dim whatt is not going to shut me up because I have been personally burned and hurt “ which has been expressed here many a times” with that kind of talk. To each there own and to each how they want to trade.

    I’m giving my point of view to investors who want to see a difiere style and method that is now proven that has worked for me after so many years of mediocre portfolio performance. I share this because “ many” people and poster and ker members have been burned throughout the years and many for the same reasons I did by listening to the wrong Information precisely at the wrong time.

    Like I said I will challenge others as they have the right to challenge me. If you don’t like what I post out me on ignore but let’s make this a fact now, not one person or any investor has any right to shut someone’s freedom of expression down “ unless” they feel a sense of entitlement and this ker is and should not be about that.

    There are several if not hundreds of post going back to shad for years that within those post he throughs nasty, condescending, bullets at me and more so at Matt for many years. Today he talks about me looking in the mirror. I can tell you he doesn’t own one and put the final goodbye to him when he had the audacity to call Matt just the other day a troll.

    Again I speak for myself and possibly Matt but I won’t let this disturb be anymore yet alone shut my voice.. I offer what I believe to be very valuable as many of you kind folks have already mentioned.

    Glen

      Jan 27, 2021 27:51 AM

      Glen – you are so full of it I don’t know where to begin, and I’ll skip all your political rambling and victimhood posts which are 100% BS, and simply point out there was nobody but you being aggressive towards others on this blog today until you showed up with your cocky attitude and started attacking and insulting other posters.

      You brought all of these responses upon yourself when you decided to attack me repeatedly and all the posts and well-respected experts I posted, but then proceeded to attack anyone here that I dared agree with further up and denounce their input as BS or wrong. Who made you the judge of what works and what doesn’t.

      Glen, I posted your words to show how toxic your posts have become, how insulting towards others your posts have become, and all of them yesterday/today were antagonist posts, where you threw the first punch at everyone, and then gloated about how much better your method was, , and your whole tone is cocky and obnoxious.

      Let’s be crystal clear, there were no issues on this blog thread until you showed up. The audacity with your huge ego to first attack all other technicians and economics pundits I posted is ridiculous, to keep attacking me with out naming me is childish, but then to go after Bonzo proclaiming his input here was BS, and that you knew better how to trade, is the one stifling voices here. Bonzo has been successfully trading for decades longer than you, and you proclaim he reminds you of your trading when you were younger — hilarious and lost. Next you told Doc you couldn’t believe how wrong he has been on his calls and that he was “profession the wrong advice and hurting investors portfolio”, when he was the featured guest speaker on the editorial. How is that helping anyone here? (here’s a clue, it isn’t).

      Glen, I reposted your words to show precisely how posts like the ones you’ve been putting up lately here at the KER, where they whine, attack, and insult are of no value and not serving the community here.

      Your posts about TA are fine, although you don’t just post your targets, you have to then talk to yourself in the 3rd person and repeatedly bang on your chest about how great you are (all while lecturing us on ego)…

      Even that would be fine, if you’d leave it there, but you seem to feel the need to take it further and denounce all other information shared on the blog (which is about macro economics and investing in the resource sector – not a shrine to Glen and his amazing game of guess the number).

      Yes, I will challenge your BS and give my point of view in the exact same way you claim you are doing. It’s a 2 way street Glen, and I’ve ignored your insults and attacks for the last 2 weeks, hoping you’d shut it, but you’ve persisted to be blog mosquito lately.

      My posts are to share information with the community here at the KER, and whether they are sector news on Gold, Silver, Copper, Zinc, Nickel, Uranium, Lithium, Platinum, or Specialty Metals, or featured articles from other top investment sites, other technical analysis from pros (without the egos), or simply my thoughts on trading stocks (which is the purpose of the blog forum), then they are offered in the spirit of sharing info with other like-minded investors. How is sharing a company news report or someone else’s well-written article about “me, me, me…”? Let me help you out, it isn’t. It is simply sharing economic and investing info.

      I’m just sharing helpful info, and for some reason, instead of learning and reviewing it, your perspective is that you know it all, and only your proprietary Glen method, where you ramble on without even posting charts, is the only substance here that matters. It is the height of hubris and ego to denounce everyone else’s thoughts, silly claims nobody else is making any money, and then just patting yourself on the back all day. Really, several dozen repetitive posts about your H&S pattern is not substance at this point,, and ignoring what everyone else has to say and dismissing it all as wrong is as ridiculous as it is unnecessary.

      If you don’t like everyone else’s interviews, videos from mining conferences, my thoughts, or discussions on the resource sector (because either you feel you know it all or are threatened by other technicians work), then just scan on by. Let’s get things straight though, I’m not the one beating on my chest and talking to myself in 3rd party like you are to tell everyone how great you are.

        Jan 27, 2021 27:00 AM

        Boy you have some anger management and psychotic behaviour that really manifested itself and I feel bad for your loved ones to live with such a person.

        Go get some serious help and don’t let the door smack you in the way out. And no your the only village idiot I have problems with that keeps coming back for more doses of reality via glen.

        Glen

          Jan 27, 2021 27:44 AM

          More garbage from Glen. This adds no value to the site, and the insults and personal attacks are petty. If you don’t like the information I share with investors here, then scan on by. If you want to grandstand about leaving the site for the 4th time, because you are such a victim, then leave. If you stay then make your posts about contributing and not tearing down everything that is “not Glen.”

          Your colossal ego is only overshadowed by your constant insulting and personal attacks. It is sad to watch Glen.

          Be Better.

            Jan 27, 2021 27:41 PM

            Ex your like the bad migraine that never goes away and feels the need like a poster child to get in the last insults. How can anyone take you seriously with all you say towards me? Are you in denial thinking that your some kind of saint lol.

            Please you have insult me, Matthew and others in your condensing manner so many time but this glen can see pass the wolfs cloth and know exactly that the Victim is non other then you with always referring to the “ rest of the ker family” leave them alone they ha e a mind of there own don’t be Childish.

            And also since when did you become the mother Teresa of the ker? You and your arrogance to self point yourself as the ker Mr Big mouth.

            Do yourself a favor and leave me alone.

            Jan 27, 2021 27:03 PM

            Garbage Glen – you continue to make my case for me that your posts are not contributing here, and the insults to many contributors here, and many contributors that have been shared, have been coming from you for weeks now.

            I post information that actually helps investors make money, and don’t bang on my chest about it either. If you notice, you’re the only one here causing issues, and talking to yourself in the 3rd person, and tooting your own horn every day, posting the same tired H&S message, and it isn’t making folks here any money.

            Go knock yourself out on posting your TA with no charts included, but stop the insulting and trolling. You’re really becoming a blog mosquito lately…

            Jan 27, 2021 27:04 PM

            You talk about name calling and putting others down look deep Into the mirror and get a life lol your so sad I won’t waste one more breath on a who’s be that has been called out a d just can’t take it. Go hide under your cloth and know that you could never hold my jock yet alone give sound advice.

            👊 glen

    Jan 27, 2021 27:59 AM

    Gold morning update!

    I know most of us here or some of us here have the eyes set at the bigger number Matt mentioned above $1790 and not closing weekly on it or closing believe November low.

    What I can offer you is the 5% correction Matt mentioned he would welcome today and into Friday or docs mini push down call it that or anyone else will probably very well happen and it would be caked into my right shoulder. In terms of percentages I’m not sure what it would be as that is not language but I will share with you the pattern that has been good to me and what I’m seeing right those very morning.

    I continue to see “ until broken” a picture perfect although Slanted right shoulder formation targeting possibly as low as $1817-$1827 on this move down. I remain convicted that it will hold and consolidate for few days to a week or two before exploding higher above the neck line.

    If my right shoulder does not pan. I will be of the view we are headed to $1650-$1680 and so I think Matt’s weekly close below $1790 would come to fruition.

    Non the less let’s see if the bills come in and out a stop on the line with my targets given give or take.

    Glen

      Jan 27, 2021 27:12 AM

      Please change all my “ buy” words above to put instead. Also forgive the grammar and except the thought!

      Cheers to everyone and best of luck with your trading and investing I think so we will be singing praise for all this wait.

      Glen

    Jan 27, 2021 27:07 AM

    I have buy orders set for the following companies if the right shoulder breaks and if the miners do fill at my buy entry point.

    Iamgold ( my largest holding)
    Impact silver
    Scorpio
    Compass

    The first two is were I would unload the majority of my last bit of my last tranche.

    Glen