Gold, Silver and Commodities – Where prices are going and how they relate to each other
Doc is back and he shares his outlook for the precious metals and commodities broadly. We start with the gold and silver charts on a monthly basis. With the recent breakdown in gold there is some serious work ahead of the metal to attract investors back into the sector. We also look at commodities broadly and the pullback that has started.
Looks like the 10 year yield and the dollar is up for some reason. Possibly the Texas electric bills.
Gold update!
Exactly what I wanted! Shit they almost had me fooled but my pattern did not fail me they cakes walked it up and suckered for another take down! We spoke this could end today and I expect it to go down hard. There is a great great possibility if we get down to $1669-$1691 anywhere there you pick the lower the better, this could be the bottom or it come in tomorrow before noon and reversal.
Glen
Glen: I hope your right that we are getting to an end of all this. After recent Fed “mbo-jumbo” statements they have bern beating the metals more…no matter what Powell failed to make clear. It is not as if I am going to run into the hills screaming because they do a hit on Fed day…criminals can’t stop being criminals. They have to be forced and that usually is by controlling their ability to disrupt and destroy. In the meantime, just another day in the salt mines.
David,
I hope I’m right as well but docs scenario is possible and I’m keeping an open mind to it..As we all know nailing bottoms are not easy and all I can say is buying at these low prices as all of us have been doing matt, ex, myself you I’m sure, and many others will be rewarding down the line.. From a short term perspective we can have anytime soon a big move up as Matt suggested. “If” that happens to be the embarkment of a “ new” multi month move higher in gold remains to be seen. If it is perfect! If it is not, then we are going down the path of a king spring and docs scenario and painting one more nasty monthly red candle.
Now I don’t have an issue with the second scenario as I would not sell but that’s me I can wait things out. From a price point perspective, few dollars less down that’s fine it’s more the timeline that would suck. So I remain optimistic but level headed to both approaches and feel very good regardless of the outcome as ex and Matt have said many times, that buying at these prices are far better then buying up North..
So far david the pattern I’m following has not broken and I hope that it remains that way lol.. of course or direction changes I will be the first to announce it and the first to abort my pattern but not overall consensus of longer term picture. That the bull💪Remains stronger then ever.
Cheers
Glen………..thanks for the update………. 🙂
Now the retards are about to come out….. 🙂
They would rather pay $2000, than be give a treat…. lol….see ya at the top… 🙂
give to given…..
Jaja good one jerry 😃
5000 yrs of moron…….
I received a call from my local metals shop because someone dropped off a stack of gold bars, so I ended up picking them up.
While there, I asked him to share what he’s been seeing in the local market and he said that demand remains through the roof and they’re having a challenge maintaining stock.
Canuck,
Thanks for you and Jerry keeping us up at ground zero! We are here dealing with the canal or as Gary savage would say the cartel lol.. These piece if shits if it’s not for us fleece everyone with the algos in the stocks and miners.
Glen
And down under 1700 goes gold.
POOF!!!
You think today is bad?
Wait until tomorrow…
PMs are for SUCKERS!
That is a retarded statement……….
I think he called us a name…very unprofessional in the world of serfdom
Quite 🧐
🙂 lol…..
At least he didn’t call us goldtards. Lol! 😉
Lol ditto to all of us… you think that could be bird 🤣
Hummming bird…….. lol
is that China Joe Biden insulting gold? he has dementia. Ignore him.
lol…… 🙂
I always felt that gold and silver are God’s given money and that all the rest incl. crypto is for serfs
Is diss A ( Joe Biden statement Jo Jo Jo ?
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5 miners positive and 60 in red. Everything those miners have done and everything they are have no meaning. Algos run at brick walls under all circumstances.
BTW, the big spike up in oil is all but at stake in the heart of PMs.
I hope you’re right Glen. It’s been a b*tch of a week but I’ve been adding as I think metals and miners will have to bounce soon. My only fear is that I’ve been adding silver miners and I wonder if gold is going to outperform silver in the next bounce, so probably should have added gold miners.
Aetus
You seem very astute in your approach and I don’t see anything wrong with it.. believe me I think sometimes the same but control emotions and just know that these prices regardless are still a bargain even “ if” we head lower. It’s just timeline that would suck but adding in days like this is a positive.
Best of luck
Doc is a very cautious person, this time I am a little bit worried about the trend I see not only in precious metals but also in base metals. Is this telling us what we are really witnessing is the economy starting to roll over. Prosperity is a lot of things but it is also a state of mind and there are a lot of worried people who know their jobs will not return. We talk about inflation, isn’t bank credit terribly inflated. With bond profits vanishing and stock prices in commodities shares falling it doesn’t take much to realize that if conventional markets start to fall how will consumers pay their next installment. The business cycle is a psychological phenomenon. Too many chickens are coming home to roost at the same time. DT
The Dow is now down 608 points!
Now 701 points!
What to buy now that things are on sale
Anyone? Input appreciated
GSV
SSL
GDX
I don’t know where this goes from here, but I picked up some Discovery and Silver Viper today. I am looking at Palladium One, Deson and Freegold Ventures as they got it in the ear today. Discovery got as low as $1.44 on my screen and immediately jumped back to $1.49. With the Fed comments today, who knows.
Denson Energy not Deson.
Denison…my macular degeneration is kicking in
The Uranium stocks have had a good drubbing today with many down double-digits earlier in the session, but some are clawing their way back up to just high single-digit losses here in the afternoon. I had trimmed back my U stocks in mid January, but started adding some back to those positions the last 2 weeks, and should have waited longer for more weakness, so I’m waiting a bit longer to see if they correct even further before adding much more too them. That is also a similar pattern to what has played out in the Lithium stocks.
Assuming you are talking about DNN. I got in and out for a good profit earlier and am watching it again. Take note of the gap at .$78-.79. That’s where I’ve got a stink bid in FWIW
Good trading SilverDollar. I’ll watch that gap at $.78-$.79, but as mentioned above, I did good trimming back Uranium stock gains in mid January, but then added to a few the last few weeks a bit early and am waiting to see if the sector gets more of a pullback before adding any more.
I did decide to add a bit of Energy Fuels this morning as it was down another 9%.
Group Ten also now double digit down.
Evidently the 10 yr yield spiked after Powell comments. Better watch it as nothing doing well after Powell said something The Fed needs to reduce comments.
Yep, the 10 year yield spiked on Fedbabble, and it pressured the precious metals and base metals like Copper, Nickel, Zinc, Lead, Platinum, Palladium, etc….
Fugly day in the resource stocks today, but I’ve been adding today to Western Copper & Gold, Golden Minerals, Impact Silver, Aurcana Silver, and a bit more Lithium Americas. I did cut loose the rest of my Freegold Ventures today for a small gain to raise a bit more funds.
I picked up a few more Group Ten as long as they were treating badly.
Goldtard in the House…
Good plan David. I’ve considered adding more to my Group Ten position as well, but it’s already weighted bigger than most of my other Palladium/Platinum/Nickel/Copper positions. As we discussed yesterday, I’m a little surprised at the lack of response yesterday from the market on their drill results, but as we had anticipated last week in discussions here on the KER, the base metals were getting a bit extended after running hot for a few months, and were in store for a correction. We are seeing that today in spades, so most PGMs/Nickel/Copper stocks are getting whacked.
Pure Gold has been persistently positive today. Strange…
Yep. I saw that, but this is because they put out good news today:
(PGM) (LRTNF) PureGold Surface Exploration Drilling Intersects High Grade Gold at Three Targets Near PureGold Mine
by @nasdaq on 4 Mar 2021
https://ceo.ca/@nasdaq/puregold-surface-exploration-drilling-intersects-high
“The latest results from our ongoing surface exploration program are consistent with our strategy of continuing to expand our resource base well beyond our current Mineral Reserves to support organic growth of the PureGold Mine for many years to come. As we continue to systemically discover new zones and expand the areas of known high grade gold mineralization on our property, results such as these broad, high grade intervals are exciting, as they reinforce the continuity of high-grade gold mineralization across our seven kilometre gold corridor both laterally and at depth,” stated Darin Labrenz, President and CEO of PureGold.
“With our PureGold Mine now pouring gold and nearing commercial production, we remain as committed as ever to growth through exploration as we continue our mission to unlock the full potential of the PureGold Mine in Red Lake, Canada.”
Group Ten is one that always seems under priced and ignored. I decided I will keep adding when an opportunity arises…and if it moves up steadily, it can be a bank or a more conservative holding for the longer term. Palladium One is another but Group Ten seems to be in a better location and putting out more news.
Thanks EX for the Pure Gold news. Some good Red Lake results. I have been spending too much time complaining and not enough reading. Pure Gold price has held better than several of my Silver plays. It does that…sits around and then moves up when no one is looking.
Agreed David on both Group Ten being overlooked still by many investors, but also being quite prospective adjacent to Stillwater in Montana, one of the best Palladium mines on the planet. I’m sure Sibanye, who operates the Stillwater mine, is watching Group Ten’s drill success next door with keen interest.
As for Pure Gold, yes, it was nice to see them prove the haters wrong, that said they wouldn’t be expanding their resources or mine life much more, and many have them pegged wrong on both mine life expectations and their exploration potential. Many have incorrectly dismissed them as a small gold mine coming online that will not be large enough to garner much interest, but they have PLENTY of opportunity to expand their resources multiple-fold in the Red Lake area, and when they do, it may attract the interest of larger producers that want to have a stake in Red Lake and may put a takeover target on their backs. Overall my position in Pure Gold is much smaller now than when they were in their “Golden Runway” towards first gold pour, but I’m still quite constructive on their prospects to grow and expand their mine life and resource reserves with the drill bit.
My Pure Gold position is about half of what it was but turned a lot of profits in it last year. Telson Mining finished positive today and I would assume it is because it was presenting at the MIF going in to the close. Eric Coffin was the sponsor. They are moving into Joe Mazundar’s set now. I have it running in the background and also doing my laundry, so I haven’t been much good for anything.
I didn’t realize the MIF was going on today, as I’ve been busy, so thanks for bringing that up. I’ll need to go scouring for those video recaps in a few days.
Good entry point for LAC.
Well financed with US$500 million cash and Cauchari 69% finished
https://www.lithiumamericas.com/_resources/news/nr_20210302.pdf
Doesnt sound like gold is the place to be.
Down, Down. Down, consolidate, correction, lower, test lower in may, april another bad month, by june the worst is over….just in time for the doldrums.
macd has seperation from 12 month moving average from the 26, that is dire, that portends a “significant” move down, all previous are not “significant” I guess 😉
And once we hit a bottom, we have a long torterous move up…sounds great.
Annnd we could drop another hundred bucks.
But silver we could go back to 23.
Well, as always, its a great time to buy.
Doc you just make it sound you need to be absolutely nuts to be in gold
Breaking 1700 could be a” look out below” event, when I look at a monthly chart it looks like 1600.1500 and 1300 are places it might stop.
oh well.
I have said it many times here, the prices will ALWAYS be where the satanist bankers want it to be. If they want it at $1300, they will have it. Let’s just hope that Glen is right (again) and it stops at $1661.
😂 Haha! You have learned what I learned long ago. Doc is a trade and wants it to wobble. Therefore he is not the best at picking bottoms as long as I have listened to him. Nice guy though, but he talks his book.
I also loved the “torturous move up” comment.
out of short equities and into nugt off GDX first time for long time…no idea…..based on close to the last ABC down 1:! target plus 30 minute RSI, hammer bottom and wave 6 down……we will see
I bet you nailed it, Larry. GDX and even some smaller gold stocks are already green.
Coming from you Matthew I respect the feedback tremendously…thanks!…we shall see🔊🔆
Thanks Larry, you’re very humble for someone who clearly knows very well what he is doing. That’s an especially valuable trait for a trader! 🍻
I think you dun good Larry. Thanks for sharing and best of luck!
Matt, EX,
Ramb sold all his intial pm stocks, all leveraged Tech, Bio’s and Boil etc a few days ago and is taking positions in DUST & JDST. Not a good omen or a good omen depending on which charts you believe!
I wonder if we are nearing the end of the correction or a new and deeper/nasty extension of it!!?
Thoughts gentlemen?
I think Rambus could have chosen a much better time to buy DUST/JDST than now unless he is hedging (which it seems he is not). Of course this could be the start of a much bigger drop but it seems more likely that this a low and maybe a major one. If it’s a short term low, we could still be in for a pretty good bounce that won’t be good for DUST holders.
Matt,
100%! You nailed what you said and it’s something I have yet to share because I can’t forward that far lol. Well at least we get better sense of things when we cross that bridge. But exactly we are so close to a bottom that either way the bounce will be really rewarding.. The bigger question will be if docs scenario plays out or if this is the bottom.
⏳
I almost puked when I got Ramby’s JDUST/DUST email…just after I LOADED up on good and beaten-down gold stocks. It has really got me second guessing myself. Well, I guess I will have to turn of my computer monitor for a few days and focus on more important stuff like jobs, family and healthy activities;)
Sometimes that is best thing to do confused – turn off the glowing screen and focus on the most valuable commodities in life – health, family, friends, jobs, time management, healthy activities, spiritual pursuits, and life goals. Wealth creation through investing is just one small slice of the pie, but can enhance (or detract) from other areas of life depending on how one approaches it.
I’ve loaded up on PM stocks the last 2-3 weeks, including today, but believe positioning at current prices will look quite attractive when we are 1-2 years out in hindsight. We may be short-term bag holders if things fall even further over the next few weeks to months, and maybe Rambus will have made the right call, but I see more upside potential than downside risk in the medium to longer term from here.
Confused that is interesting regarding Rambus, but the time to short the stocks was about 2-3 weeks back through present. I shorted using JDST as a hedge for a few days and picked up some gains, but down at these levels, and with PMs and the stocks as oversold as they are, then going in now with short positions is a bit late.
With Gold down in the $1680’s and $1690’s, and sentiment having soured so much with investors, then I don’t expect there to be too much more selling left after this 7 month correction. Personally I’ve been accumulating quite a bit of gold and silver miners the last 2 weeks, and have deployed a lot of my dry powder.
With regards to the 10 year rates, they’ve climbed so far so fast, that they may cool off soon, and take a breather, which would then take the pressure off the PMs.
At one time they were using the failure of stimulus to hold back. Now, more legitimately, they are using the 10yr. I am hoping for a drop in the dollar, a drop in the 10 yr, negative real rates and passing of the stimulus. Then they will complain about the # of days the sun shines in Latvia.
Interesting. I’ll have to look at Gold : versus Sunny days in Latvia ratio chart soon to see how that is trending… 🙂
SILV GOT TO 7.23 or so. My buy point was 7.22. I’ve dropped a buy point now to 7.17. And another below in the 6s. More stink bids in for NOVRF @ 2.95 & 2.85 US
Well done Marty. I saw Silvercrest sinking again today, and was tempted to buy, but have limited dry powder left, and opted for Impact Silver instead. I did buy some SlLV at $7.95 yesterday, but was immediately underwater on that buy today. If it heads lower tomorrow, I may add just a little more SILV to the pile.
I ended up picking up some SILV at $7.28 today.
I have enough SILV, curious though THAT I MISSED both buy points by a penny. C’est la vie !
But patience paid off on $2.95 for NOVRF. HAPPY TRADING. Still 19% cash and happy to be there.
Norrareal1968, with all due respect, gold would be at 1300 right now if the central banks could keep it there. You’re defying logic with your belief that they can control the dollar price of anything while they simultaneously hyperinflate the number of currency units. Sorry, but that is not how it works no matter how many times you’ve said. What the banks CAN do is manipulate the price in the short term. That will never change as long as they own the currency and banking system.
Brutal corrections are perfectly normal in any commodity and the bankers can and do make them as bad as they can from time to time but so do legitimate sellers of all types.
When gold hit 1690 today, it retraced a perfectly normal/healthy 38.2% of the 2.5 year 80% move (which is huge since it reflects a massive drop in the purchasing power of the dollar).
Anyone else notice HUI is positive, along with NEM, AUY, GOLD. I would read that as serious money holding and accumulating, likely believing we’re much closer to a bottom than beginning a steep downdraft in Gold.
Silver, which has been outdoing gold for some time, is now catching up. I happen to believe the Jr. sector is mostly we small guys and gals and many have reached their limits of losses in their accounts.
Myself, I need six stimulus checks to just get even today.
Good luck to all………
SilverDollar – Good point on the divergence in the larger gold producers today.
Yes, I’m down about 13% from my all time account highs on Monday of last week. That’s a pretty steep move down in such a short window of time and has stung.
Up until the middle of last week, I’d had enough other sectors hitting (ie Uranium, Lithium, Platinum/Palladium/Nickel, Copper, Cryptos, Cannabis, etc…) to offset any weakness in the PM miners, and overall the Silver miners had held up pretty well all things considered. However, when rates got up to 1.4-1.5% last week, everything started headed down in sympathy, and the hot air is coming out of the markets.
I suspect the end of the pain is not over quite yet, and am prepared to weather the storm, but I don’t like seeing all the sectors in the craphouse at the same time like this.
twitter.com/TruthGundlach/status/1367335982853287937
You think today was bad? Just wait until tomorrow.
PMs go BOOM, SPLAT tomorrow.
Thanks Joe: BOOM, SPLAT…less personal. We can live with that. 🙂
LOL 🙂 good one David…..
Silver fell right to the same old fork support:
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=1&mn=5&dy=0&id=p76356381548&a=911535917
That is a nice chart Matthew. ISVLF looking a little precarious.
Nice chart Matthew. The ISVLF chart is looking a bit precarious here.
Today’s low happened at the confluence of two fork supports and there’s support around .57 tomorrow…
https://stockcharts.com/h-sc/ui?s=ISVLF&p=D&yr=1&mn=3&dy=0&id=p54791770161&a=817892249
I bot a little Impact today for the first time in quite awhile (along with KTN and others – even Brixton).
Charles, I actually added to my Impact Silver today and was happy to get the lower prices. If Silver keeps pulling back, then that will have have been premature, but it’s a stock I’m comfortable averaging down in.
Smash happen 99 % of the time on the NY watch….
Humm……One big game, ….I am betting….that FT KNOX is empty…..lol
happens ….
It Has Become Difficult for Institutions to Buy Silver says Rick Rule
Mining Stock Education – March 4, 2021
0:00 Introduction
0:56 Rick going through a “reset” rather than “retirement”
4:16 Expect a more raw Rick Rule in this next season
5:22 Rick Rule’s thoughts on altruism
8:59 #SilverSqueeze “These kids are trying to make us rich”
13:35 “Comex is run for the benefit of the Comex, not for you and me”
17:51 Rick’s thoughts on brokers preventing selling of $AMC & $GME
20:08 Rick still offers free portfolio reviews
Will Rick take the vaccine ! ? Excelsior and you ?
Not likely Franky.
Wallstreet Silver – Reddit – Posted byu/jellybean233 – Silver Surfer
“2000oz ($53,000!) of physical silver bullion have been donated to the silver stacker community….yes!!”
“1000oz have been donated to our advertising funds to raise awareness in support of the community!!”
“And the most exciting part…1000oz have been donated as a free giveaway to our community”
“We’ve aligned with an incredible company in the silver and precious metals space that wants to support the cause… All will be revealed next week! Stay tuned.”
Doc, you see silver going down to $23-24 but what about gold? What is your down target for gold before it begins its next leg higher and how long might that take. The same with silver, how long might it take? By the way I took a position with MUX at $1.07 was I too early?
Good (and important) conversation, Doc and Cory.
Good points on the technicals. Those that think this is the bottom might want to review what was said in this segment. It is rich in detail.
March 4……….what happened……politico….wants to know.. 🙂
Do not answer here…..
I am now going back to my roots, trading in and out is where it’s at. DT
Stacking for life…. 🙂
Gold update!
FYI the smash continues and this move down now happens to target the “ precise” level numbers I have the other day. And it so happens that rick Ackerman today or yesterday mentions he told his subscribers to buy the $1702 thinking it was the bottom but he had also in mind two lower targets. The one he believe a should hold and the Armageddon one.
The one he believes will hold lands guess where? The precise number I gave the other day. So I believe this smash down is going in the vicinity of $1661-$1672.. I had mentioned more towards $1669 I believe Rick is around $1661 if I heard him correctly. The bottom line is we both have that range down there and I think it’s headed there between tomorrow and Tuesday before “ the meaningful bounce” ..
The question is going to be is that the low? I can tell you this, the more I look at my pattern the more if this scenario plays out, it will be a bounce with a good probability back down again amd doc scenario as I said is looking more probable.
Doc brought up some valuable points in regards to the monthly macd and forming the base. My pattern and that base from what I’m seeing is becoming a marriage which ultimately means I will not rule out $1500’s I don’t mean to alarm anyone but I will keep posting what I see with no bias..
For now my longs are done. No more purchasing.. When we hit those lower targets as Rick and myself have said I become a trader “ shirt” term.. money needs to be made both ways why I switched after 2011 to long and intermediate trading.
Cheers
Glen
Good summary Glenfidish. I’m prepared for either scenario, but have fired off much of my dry powder into the recent weakness, and do believe we’ll see some kind of relief rally bounce soon. I don’t expect this to be a be a dramatic V-shaped recovery, like we saw last March though.
Gold and the gold miners have some real work to do to get sentiment turned, and momentum going their way again, so it will likely be a 2 steps forward then 1 step back kind of approach to dig out over the next few months. The 10 year treasury yields have really run hard, and will likely top out soon, and if they roll over and start heading down for a period, that should provide some relief to the PMs, when bond shorts start covering and buying bonds once again (maybe in the next week or two?). That bond buying should synch up with investors buying gold again, and may come paired with more weakness in the general markets.
Doc’s scenario of a pop later this month in March, followed by another drop again after that, and then sideways basing into the spring seems reasonable. However, some of the calls for lower gold prices into the $1500’s sound like a real bummer. Jordan also mentioned a potential move into the $1500’s as a possibility, as well as Rick. Yikes!
There was a lot of prior chart congestion for Gold in the $1680’s and $1690s, so I bought more PM miners the end of last week and today waiting to see if we get a bounce here. However, if things dropped down into your $1661-$1672 range mentioned, then that move down right below current support, may be enough to get the final sellers to capitulate. If we are going to see that, I’d prefer just to see that happen tomorrow for one more very bearish candle, and be done with it.
+1 ex
I think low is today or Monday..
The last part meant the mid to higher 1500s but let’s not get to ahead of ourselves.. the focus is this movement now.
Thanks for sharing Glen. If there’s a further drop, then it’ll be interesting to see how many weak hands are left at this price point.
I believe many of us can use this time as an opportunity to pick up what we wished we had grabbed the last time we experienced similar declines.
It’s interesting to hear that you’re pretty well locked and loaded. So, good on you.
I’m still perusing.
Thanks for keeping us posted on your latest thoughts.
I’m locked and load for now Charles lol.. I would not be wise if I didn’t have powder “if” we get the ultimate lows.
Thanks buddy
All the best!
Glen
STATS (active): https://tinyurl.com/3fjs3ex8
Note Freeport-McMoRan’s MaxSat(7) on 2/22.
Looks like PMs are already going BOOM.
The SPLAT will be tomorrow morning and all your PM stocks are down 5-10% at the open.
It has only just begun.
What alias are you under when we had that impressive run before this? The guys and gals in here are way to smart not to buy a smash or to book profits from Time to time. I think you have us mistaken for Reddit crowd or some other nonsense lol..
Installing fear I take as weakness thank you!
Glen
May Day! May Day! And yet, JNUG finished barely down for the day. Might get some bottom fishers tomorrow
Joe says: Looks like PMs are already going BOOM.
Your a little late I sold most in Aug last year on the spike.
Most of the gold of the majors were up today…Do you know what that means?
ZGJ was in the plus. Looks like a bottom. Takes a bit of time.
Are you our contrarian indicator?
Bill, do you know who the best contrarian indicator is on this forum who’s always pitching commercial real estate ? It’s the same guy always claiming that sells at the exact tops and buys at precise bottoms after the fact. It’s very impressive and must be considered a real genius.
Heading to a mostly positive opening but means nothing if some of those big red candles from front running land show up.
Took less than a minute.
Can I ask any of you guys your thoughts on Strikepoint Gold. It’s back to November levels and one of the poorer performers I’ve got (although all of them have had a poor run in the last few weeks – my problem is always timing when to sell, rather than what to buy as with the exception of Strikepoint, which I bought in November, most have done well).
I’m just wondering others thoughts on the stock. Thanks.
Aetas;
I am going to offer a non-answer at this point. Here goes: (hopefully more knowledgeable people will follow): Non-Answer: I am not sure if anyone can say one way or another whether to hold or sell one stock to another within this 7-8 month wash out of all miners in general. During the last 8-10 years, we have had only a few months where miners “acted” like they were in a bull market (at least compared to the never ending up trend of the general markets).
During those few months of bull activity, most all miners that offered some degree of promise moved upward. The good thing about it was that you could tell the difference between those that went up and those that didn’t and you could sell both those with profits and those not moving and compound into other moving stocks’
For 7-8 months, my miners (hold about 60 at a time) got into a rotating trend of alternating days of up and down. The ones that were more prospective got hit a little harder than those that were in a more iffy stage (early explorers). Seems it would be the reverse, but because I weighted to the more prospective, my downside was greater.
But, the thing was that none of them were good on a day to day basis. This caused me concern as the fundamentals for a long time have been favorable to miners. However, the Fed interference through Wall Street and the lack of Regulation by the Government caused counter-intuitive problems in the whole sector.
But when listening to other investors on the site, they were not experiencing the pattern of rotation like I was. This caused me to try to determine why I was missing the boat. Others like EX had mentioned they were not concentrating in gold/silver miners but in the base metals, battery type metals, nuclear and even some crypto type stocks which were doing better than PMs.
Over the last week or so I have gone down another 10% or so on top of the 20-25% I was already down. And as you may of noticed, this week has been terrible. Good news in the PM miners has been met with attack. The sector has been met with attack. I have been transferring out of some of my more speculative and adding to stocks like Great Bear, Group Ten, Discovery, etc that during the historic rare up periods in miners have done well…mainly because I have no idea what a good stock is under conditions of Market Interference.
The miners are oversold…so what. The general markets are overbought. Both can stay in those conditions until they are not.
Hopefully some of the experts will chime in and help us both. All the experienced traders on this site have bruises on their foreheads from trying to educate me…
How about this as an opinion: If the miners ever go up, there are some good buys out there…possibly Strikepoint.
Thanks David. I appreciate the long reply. I guess my fear with the more speculative side of my portfolio is that those with access to information (like exploration not going well, etc) are selling, so there are fundamental flaws, rather than movements based on euphoria or despondency of precious metal prices.
Most of my precious metals portfolio is concentrated in mid tier producers as I feel this gives me a good bit of play on metal prices, with operations to back it up. Sometimes I play the more prospective side and this is the bit where I’m wondering most on Strikepoint.
Hopefully metal prices will change direction next week, at the very least for a good bounce, but hopefully a full trend change.
I can’t get a link to a good chart for the tsx venture exchange but it looks like it could fall quite a bit further. No one seems to have referenced that. When the buyers dry up the sellers remain and the price plummets IMHO. Look out bellow… I’ll try to find a chart but stockcharts doesn’t think it’s important enough.
…and the PDAC curse, haha…
Yep. The PDAC curse has come before the conference the last few years and seasonally late Feb through early March is weak for the PMs, then we get the Spring Fling bounce.
Sh!77y chart but it gives the impression to me that there is another 10% down potential.
Thanks Dan.
SKP was a speculative punt of mine as it seems to have a good exploration programme for 2021. But I think I have buyers remorse as I’m wondering if the level of selling seen over the last few weeks is just from the fall in the precious metals complex or whether there is greater knowledge on the other side of the trade pulling their shareholdings.
Crossed wires on my part. Apologies. I thought you were referring to my question above, rather than S&P/TSX.
It has some support at .16 – .155 that just might hold if the sector has found a lasting low but there is significant downside risk if it breaks that level. A move to at least .105 would then be probable in my opinion.
https://stockcharts.com/h-sc/ui?s=SKP.V&p=D&yr=1&mn=0&dy=0&id=p36890123551&a=914908976
Thanks Matthew. I think I’m going to have to live with some serious buyers remorse on this one unless their exploration turns up some incredible results. I think I might sell a partial position at a loss and let the rest either ride out to success or fade to nothing.
No prob… it is on the JX (TSX Venture symbol) too.
This is one of the poster children for the TSX big board, ouch!!! Xebec.
https://stockcharts.com/h-sc/ui?s=XBC.TO&p=D&yr=2&mn=0&dy=0&id=p67672664994
Unrelated to the above chart the high oil price is killing non oil companies in Canada IMHO. Until it stops rising the pm stocks are in for a world of hurt.
Copper up today but juniors down, two links so I hope this works.
I guess people have quit smoking marijuana too… haha.
On March 4, 2021 at 11:26 pm,
Holy Grail says:
Bill, do you know who the best contrarian indicator is on this forum who’s always pitching commercial real estate ? It’s the same guy always claiming that sells at the exact tops and buys at precise bottoms after the fact. It’s very impressive and must be considered a real genius.
——————————–
LOL
Yes we are building mini storage now / again. Shouldnt have sold my first project.
THEIR Bloody cash cows. I also owned a restaraunt in van and thats a shit biz.
Remeber i said I sold my silver @ $49 2011…Send me your email and I scan the docs and send them. Anyone of 70 people or biz at 2960 Moray ave and you ask who owns it. You’ll get my real name. EDR bought at $2 happy to sell @$7.50 for a $250k profit.
Regrets. Not unloading all my BBB, FG, SCZ in Aug.
Holding a few longer i guess. Its a bottom.
Id post my # but I get enough calls.
It does amaze me how so many people can barily make ends meet including many friends.
Most of their energy in my view is spent on things that are a waist of time and produce nothing. They ask me for buisiness advice and they go back to the same stuipd mistakes expecting a different result. I just buy the beer as I dont bother anymore.
Being frugal and working 7 days a week is a start.
Hey Holy
Email me bullmkt1965@yahoo.com
Ill email ya proof.
bill…….. the secret is out……
“Being frugal and working 7 days a week is a start”….DITTO
MOST DO NOT want to work 120 hrs a week….but, if you do,
Riches will chase you down…… LOL
OOTB yes exactly
Love my friends but no sacrifice long term.
I’ve worked around the clock for days. Failure is not an option.
No more bailout loans for them. I give them shit now as I try to get it through their thick skulls.
No mass I say.
Hopefully it stop raining…going to go fire up the 580SM and dig my remaining stumps.
Its like therapy to me…I cant hear my phone and love that.
Cheers
picked up a few more Novo under $2.30. Some indication of a turn in my account…at least in some of my hardest hit. If I go by the worst of day being buys, my list would be: Great Bear, Group Ten, Discovery, Lion One, Palladium One, Denison, Silver Viper, Irving, Blackrock…
Thing is I liked more Novo better…I don’t have time for counseling talk groups.
Go Figure: Biggest dollar gainer of the day: Novo. Obviously some self fulfilling prophesy and weighting…but still…it is in my account.
So much for NOVO. Firehosed the cake.
here is why i bought into GDX eg NUGT yesterday due to 30 minute signal and using a 2 minute trigger…I assumed the daily chart had itself in order for a bounce on technicals……..I am thinking a significant retrace or test of recent highs and if miners lag gold it is not good longer term…IMHO
the most important thing i forgot…that lower dashed yellow rising trend line…note that each candle test of it was on more than 20% lighter volumes…this is classic bottoming in the world of price/volume analysis…..we shall see how it goes…glta
Larry, good point about the volume getting lighter as gold bounced along that trend line, and it does look like bottoming action.
Bill, you got it all figured out desperately trying to validate yourself. Problems with a person’s sense of identity: Emotional invalidation undermines the sense of self. · Difficulty managing emotions and is suffering from an inferiority complex. Anyone who is confident and highly successful doesn’t need validation. You missed all the high flying stocks and assets like Bitcoin that made people billionaires overnight and you’re talking shoe shine business. Like I said, you’re very impressive.
👍
Ive gained some valuble insight from some good guys here.
I gotta go shine some shoes.
Red candle hit around 12:30 CST. Everyone has made such a killing they are exiting…sure
With Trudeau in office Canadians still can’t get out of their own way. Like their neighbors they’re suffering from terminal brain damage. Trudeau has your back nudging Canadians straight off a cliff. Chicoms will enslave/dictate every move Canadians make and strip them of everything including disposing of Canadians if they don’t cooperate. Looks like you have your work cut out for you Bill. Welcome in your new boss.
I agree the guys scares the shit out of me. Im prolly high on his hit list for sending emails to him.
I was in the proceess of moving assets away away but covid put the damper down on that. Hes going to have to remove alot of people I know.
out of nugt for weekend…this is not it….it should do one more small leg down to fully bottom..glta
I’ve come across a lot of smart people who agree with you. If it happens, I wonder if it will happen soon (Mon-Tues) or in a week or more after another short term cycle high. I’m not convinced that we must get another drop but I do agree that today did not provide any proof that the low is in place. Perhaps Monday…?
Thanx for feedback Matthew…..It looks like a low volume lack of conviction move up in GDX…Plus, no confirmation by /GC what so ever…So, I would have to characterize it more as a low volume short covering profit taking event rather than new buyers en mass….IMHO
Yes, it seems big/smart shorts are in no hurry to cover as long as scared longs keep handing over their positions with sufficient urgency. If that’s the case, then the coming short covering could appear to come out of nowhere and erupt from a virtually meaningless price rather than a low. Market internals will be key to the timing.
Bill, Americans have Chicom Biden. Chinese won’t have to fire a shot Biden is handing over the keys.
Thats why they needed to get Trump gone.
You reminded me… is theres any point…?
Maybe just get the bunker done.
The Chinese military is around where we live.
Socks put that into play. Hey gave them the keys a while ago.
The Western Imperialist Elite have always controlled the narrative. Trump went right along with it. Nonetheless, he was still the better choice. Poor leadership being egocentric and perpetuating the pork belly spending.
Right now, bunkers are flying off the shelves so very wealthy individuals are preparing because you can’t continue borrowing your way to prosperity. MET modern economic theory is the new paradigm. We just get higher doses of the medication until it wears off completely and then we end up in a monumental economic collapse. Print baby print. Weimar Germany was an experiment and it failed. We are a mirror image of what they did almost to precise protocols. Welcome to the great experiment and then the Chinese just walk right in everything’s made in China so they have the upper hand. They will dictate everything.
Few seem to realize that China’s meteoric rise was greatly aided by Western oligarchs. Those supranational globalists are playing chess while the sheeple struggle with Chinese checkers.
“Whatever the price of the Chinese Revolution, it has obviously succeeded, not only in producing more efficient and dedicated administration, but also in fostering a high morale and community purpose. The social experiment in China under Chairman Mao’s leadership is one of the most important and successful in human history… I fear that too often the true significance and potential of our new relationship with China has been obscured by the novelty of it all.” — David Rockefeller, New York Times, 1973.
More David Rockefeller:
“Some even believe we (the Rockefeller family) are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists’ and of conspiring with others around the world to build a more integrated global political and economic structure – one world, if you will. If that’s the charge, I stand guilty, and I am proud of it.”
“This present window of opportunity, during which a truly peaceful and interdependent world order might be built, will not be open for too long – We are on the verge of a global transformation. All we need is the right major crisis and the nations will accept the New World Order.”
“We are grateful to the Washington Post, the New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost 40 years……It would have been impossible for us to develop our plan for the world if we had been subjected to the lights of publicity during those years. But, the world is more sophisticated and prepared to march towards a world government. The supernational sovereignty of an intellectual elite and world bankers is surely preferable to the national autodetermination practiced in past centuries.”
Matthew, much more sophisticated in gimmicks and fraud. All their deeds are wicked.
Both Matt and Holy…ya Holy shit your on the money. Fricken depressing I know.
Back to digging. Im going to drink a few tonight.
Cheers
Holy Grail, the masses are poor thinkers and too fearful and ignorant to face important facts. If not for the failure of the average person to see things as they really are, the elite would be screwed. They rule by consent, believe it or not, not by force. Which is why propaganda is the most important tool they have.
well said….excellent quotable prose…geeze
Where are Trump fans right now when it comes to precious metals. Under Trump the lawlessness in the precious metals markets with manipulation was significantly worse. All Trump did was pitch the paper Ponzi scheme and just before he got elected he said the stock market was in a major bubble in 2016 and it needed to be reconciled.
On this board everyone’s cheering Trump. Not only that they’re cheering on the precious metals thinking that something’s going to change and the prices collapse just shortly thereafter. Why do you think Rick Rule retired.
I’m no Trump cheerleader but it is pure foolishness to suggest that Trump was more lawless than the slime that’s in charge now.
Matthew, I never suggested that. Maybe you missed it. Here’s my post above see below. My point was this. Trump was no friend to precious metal free wheeling type investors and Independence orientated individuals. Trump’s propaganda was all in on the stock market and that was completely despicable. Now we’re dealing with a monumental collapse. GO TRUMP !!
On March 5, 2021 at 12:57 pm,
Holy Grail says:
The Western Imperialist Elite have always controlled the narrative. Trump went right along with it. Nonetheless, he was still the better choice. Poor leadership being egocentric and perpetuating the pork belly spending.
I see this all the time. Everyone compromises their core principal values and a never-ending agenda to line their pockets with more money. Nothing matters to them as long as their pockets are constantly being replenished with bubble assets increasing in value even at the cost of destroying our future. So in the meantime, these same individuals may be enjoying this prosperity and now we face major collateral damages because of these gimmicks and lies. However, don’t worry everything’s great for now. MET is working. We’re borrowing our way to prosperity.
You asserted the baseless nonsense that: “Under Trump the lawlessness in the precious metals markets with manipulation was significantly worse.”
Re: “Trump’s propaganda was all in on the stock market and that was completely despicable. Now we’re dealing with a monumental collapse.”
If you mean to imply that Trump’s actions were materially different (less responsible) than a Democratic president’s would’ve been, you’re a card-carrying sheep.
Matthew, you’re entitled to your rhetoric and own opinions / statements that don’t change anything. Trump was no friend to the real money crowd precious metal investors you can twist it, turn it upside down and do whatever you want with it call me a card carrying sheep that’s indicative of somebody who is lacking integrity and professionalism. In addition, your comments have no merit at all.
Haha Holy those were near fighting words 😁
Both of you have very valid points. In the end we are burning at both ends.
I dont no how bad it gets but Im as sand bagged as you can get…
No debt ect happy deer in the back yard for the pickings!
Just got to finish the bunker…just joking thats naive to think that will hold.
Either way are kids are screw x2.
Bill, we all have our bad days. Matthews just probably distressed about everything who knows what’s bothering him but we agree on everything except a minuscule part. Quite frankly, I don’t understand where he’s trying to be conflictive about because there’s no change of either of our opinions he’s just upset about something it’s not anything to do with my comment. If I told my wife to wear blue and she wore a shades off would I get upset with my wife it doesn’t make any sense so he’s just having a bad day. Otherwise, the wisest thing to do is just ignore those individuals comments that lack integrity after you’ve been reasonable with all your conversations. I agree with you about your kids’ times 2 that’s going to be probably times 5 in the next few years for all of us.
Holy G, I did not say Trump was a friend of the “real money crowd” so there’s nothing for me to “twist” regarding that. Maybe you should reread my comments at 3:26 above. To summarize, it is foolish to think that Trump is/was worse than any Dem alternative would have been regarding lawlessness and metals market manipulation or anything else for that matter. I am “distressed” about nothing but don’t hesitate to call out clear bs when I see it.
It’s funny that you mention integrity when your claims are devoid of any. I am defending crystal clear truth, not Trump.
Matthew, I do appreciate your reply because it confirms that we agree on everything that none of them we’re ever a friend to the hard money crowd. Go ahead and remain ignorant you’re going to call out clear BS in your words. Trump was much worse. I beg to differ with your inaccurate opinions because your statements are false. Trump pitched, pumped and used mighty swelling words of propaganda to facilitate a gargantuan bubble in the stock market. No other president in history has used such mighty words of propaganda to inflate a bubble that was already a bubble in the stock market. This was not by accident, Trump knows very well if the precious metals rise spectacularly that’s a imminent sign something’s very wrong with the financial system. Would have irreversible negative effects on his presidency. Trump was desperately keeping the money flows going right into all the Ponzi paper scheme markets and it’s undisputable.
SORRY TO BREAK IT TO YOU MATTHEW, MY ANALYSIS AND OPINION STAND. TRUMP WAS THE VERY WORST.
And I enjoy breaking it to you that you shared pure opinion, not analysis. It’s hilarious what a lifetime of propaganda has done to your objectivity and reasoning skills. They were obviously not allowed to develop in the first place.
It is frankly moronic to suggest that any other president would have presided over anything different than what happened under Trump. Likewise, it is moronic to think that Trump OR Biden OR Obama, etc., call the shots. There’s simply no evidence to support your “analysis” (wishful thinking) but plenty to debunk it.
Fyi, Caps Lock doesn’t add substance or credibility to your claims, either.
You’ve got a lot of homework to do.
Gents
Trump was an advocate of one thing, pushing the stock markets up no mater what. Oh maybe 2 things, keep the economy going. That get votes.
So yes maybe the worst.
Matthew, your judgments are desperately misplaced you just want to be right even at the cost of losing your integrity in all this which you’ve already done. Trump pumped stock market to the stratosphere and we all know it. He was on record. Television programs etc. everywhere you look he was pitching the stock market to stratospheric limits.
Sorry Matthew, it’s just not my opinion , it’s facts. All your comments are unwarranted the evidence proves all my statements are precisely accurate in this matter. It all came out of Trump’s mouth and he was trying to keep the all the money flows going into the paper scheme Ponzi markets and that is a FACT.
Or Matthew, just remain ignorant. Glossing over all the proof and evidence and disregarding it doesn’t make a case for your inaccurate statements and false opinions.
Holy Vacuous, you just spewed a bunch nothing. I did not deny that Trump pumped up the market yet you’re stupidly arguing that I did. Are you really that incapable of understanding basic English?
Bill, the problem is that the methods Trump used to pump the economy and stock market only made the debt problem worse, not to mention price inflation. He did what he was told just like every single potus before him. A sound, non-Keynesian/non-Marxian approach will never be tolerated.
Bill, isn’t astonishing how we heard from the hard money crowd that Trump was going to bring sanity back to our financial markets and we were going to drain the swamp. Law and order would prevail and we might even go back to the gold standard lots of chatter that all became worthless rhetoric as usual including the tribunals. That was another flop arresting all those treasonous politicians.
In the meantime, billionaires are being made out of funny money and hard money crowd swallowed all the lies waiting on Trump sound money would prevail.
Money is being passed out by the trillions and the precious metals are worse off than when the debt was at 10 trillion and now it’s 30 trillion. Even today, if you read the weekend board they have links to all the analyst’s that have been wrong for 10 years. Nothing’s ever changes in the last 30 years or so because when gold really takes off all these traders on the message board will be trading only to be whipsawed never making any money at all and in fact in a lot of cases losing quite substantially when gold is trading at possibly $5,000 an ounce or much higher. I had colleagues pitching the marijuana cannabis stocks to me and it’s going to go big guns. One guy in particular got very upset with me and insisted they were going to be worth 10 times more than what they were at $6 a share and now they’re trading at a fraction of that. This is after the Insiders were buying the stocks under 20 cents a share and then they catapult to near $20 and now some of them have had reverse stock splits so they’re trading at less than a dollar now comparatively guys were paying six and seven dollars a share thinking that they were going up like Bitcoin or high flying tech stocks.
Just some 411 on how people are getting burned that I know and how precious metals will leave behind the most professional traders/investors only to be whipsawed into losses.
Greed destroys a lot of people.
Matthew, that’s all you had to say many messages ago. You didn’t, that’s because you’re now being fraudulent. Flipping the script as usual and now disregarding our original discussion and disagreement. Your vocabulary too, can you imagine in a courtroom using the words moronic, idiotic, stupid, and card playing sheep you just have no integrity whatsoever has no relevance to any facts or evidence or proof that my comments are inaccurate. In any professional environment, you’re an embarrassment if you we’re sitting on any board of directors using that vocabulary and for that matter any professional environment. Sorry, you need some serious self-examination.
Who gives a f*ck about a courtroom, Holy Vacuous? Your stupidity is getting very tiresome. There’s been no script flipping or disregarding of anything. Your 3rd grade reading comprehension just doesn’t allow you to make heads or tails of my point. Oh well. I’m sure you’ll continue to tie your own shoes.
Matthew, I do care about being civil in a courtroom that’s required otherwise your testimony and evidence will become invalid especially those who are debating all the evidence and facts. I’m not going to participate in your degenerate low caliber communications.
Here’s proof below in your post that you said that I shouldn’t have claimed that Trump wasn’t the worst and now you’re telling me that you never said that that now I’m just a third grader and trying to demoralize me. That’s what accusers do they personally attack you calling you names and using derogatory language thinking that’s going to change the facts and evidence.
Sorry matthew, it doesn’t change anything you can use all the demoralizing words you want.
On March 6, 2021 at 10:06 am,
Matthew says:
Holy G, I did not say Trump was a friend of the “real money crowd” so there’s nothing for me to “twist” regarding that. Maybe you should reread my comments at 3:26 above. To summarize, it is foolish to think that Trump is/was worse than any Dem alternative would have been regarding lawlessness
So, Matthew the above proves that you’re twisting everything and discrediting the original argument it’s right there with your words and you can call me all the profanity demoralizing names you want and I’m not even going to respond to you. You lack so much integrity and you’re acting just like a degenerate that this Western Civilization has become and I’m not going to participate in it.
Typo, should have said that Trump was the worst that’s what I said and you disputed it saying that he wasn’t.
Wholly Vacuous, you’re the one twisting things. You said the following as if I ever denied what Trump did:
“Matthew, your judgments are desperately misplaced you just want to be right even at the cost of losing your integrity in all this which you’ve already done. Trump pumped stock market to the stratosphere and we all know it. He was on record. Television programs etc. everywhere you look he was pitching the stock market to stratospheric limits.”
Now, maybe you’ll FINALLY begin to grasp what you misunderstood. My point was that you’re a fool to think a Dem would have been better. That’s it. I never said that Trump did not pump up the market. He did and I’ve been critical of that fact for years now. HOWEVER, you don’t have a clue about reality (that is, you’re a sheep) if you think it mattered who was in office. The shadow government, the real government, has been in place for a very long time and has only gotten stronger. IT makes the rules, not the president, not ANY president. That is crystal clear to non sheep. The system requires ever greater inflation of the money supply to avoid total collapse and it will get it regardless of who’s in office. Every single Republican president does exactly what a leftist would do, without exception. These people are selected to carry out plans that have nothing to do with them.
Study the graph in the following article and you’ll notice that the absolute worst presidents with regard to debt growth (inflation) were Democrats or Democrats in conservative clothing — like Reagan, who voted for FDR FOUR times. And the Bushes, who were behind LBJ and Planned Parenthood.
https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296
I’m better off talking to a cat than a sheep, that much is clear.
Matthew, I agree with you regarding the establishment and all their twisted policies. However, the words that came out of Trumps mouth was unequivocally historic that no other president has done using great swelling words pumping up the stock market. I understand your point, that it’s the establishment that has dictated his actions however those words still came out of his mouth you’re trying to micro analyze everything and like Trump would say you’re on a witch hunt. In conclusion, this whole argument and disagreement needs to be dropped because our difference in our opinions is so negligible that there shouldn’t be any argument. If somebody ran this across to me and I was on the other side I wouldn’t bother with such a slight difference in our opinions it doesn’t make any sense.
This entire thread needs to be deleted it’s just so foolish to engage in this argument because our difference in opinion is very slight it’s microanalyzing every little thing.
I’m done with this discussion it’s not going anywhere.
Matthew, I’ll flip the script again. Being a third grader isn’t so bad
I’m a kid at heart 🤸
Matthew, are you concerned about the Chinese military occupying Canada ? There doesn’t seem to be any pushback from Canadian citizens and Trudeau is acting like a Marxist dictator leader. These protocols and actions are a very bad sign for Canadians regarding they’re not too distant future. Of course, Canada is almost to the point where they’re going to be embracing full blown communism from being a socialist state. The Chinese look like they plan on moving in and Canadians will be left with crumbs if they’re lucky. That’s if they’re not executed for not cooperating. Canadians have been lulled to sleep ?
Yes, Canadians have been lulled to sleep. Of course, that’s if they were ever awake to begin with, which is doubtful, at least in the last 50+ years. Every Westerner has damn good reason to worry, not just Canadians.
It takes a socialist, i.e., an ignoramus, to deny the following and they do…
“The goal of socialism is communism.” — Vladimir Lenin
Of course I agree with Vladimir and I am sure that he is currently dancing in his grave.
Absolutely Matthew, we have chicom Bidden who just opened up the southern border to Mexico. Nice eh !!!
America is completely compromised now. We have Canada to the north that’s been militarized by the Chinese and that border is now going to be used to invade the United States. Tick Tock 💣 Chinese have heavy military assets and troops down in South America and even in Mexico. Chicoms will flood right over our Southern border with Mexico
Try explain this to people and it’s like they are under a spell unable to use any common sense whatsoever. Even when it comes to covid-19 mask wearing especially outdoors insisting on wearing a mask with no inhabitants for miles it’s quite evident that society is under a strong delusion and that they would believe a lie.
Incidentally, Chinese have plenty of money because they’re trade exports are the highest on record so guess who’s going to call all the shots maybe even in the near future looks very catastrophic for the West who is in complete financial and moral decline.
This is a new reset. Everything is going to be transferred over to the Chinese and it’s not going to be a nice transition because they will have no mercy. Rather than take a prisoner and care for them with bare necessities they would rather execute them. This is who we’re dealing with now because we sold everything out for greed.
Sounds like a comment that I would only read on KER Politics. Holy Grail, you are making me feel right at home.
Al, unfortunately we never did drain the swamp did we. I just happened to discuss it here because we needed a change in subject it was getting out of control the whole thread should probably be deleted. Did not realize it was going to turn into a heated debate over something so trivial. However, it did.
Instead of being concerned regarding all the events taking place were arguing about frivolous nonsense with a very small difference in opinions.
The Canadian government is forcing travelers to pay $2000 to stay at a government-approved hotel for 3 days, while their Covid test results come back. These hotels are reportedly run by Rosa Krebs clones, with no empathy or caring for their “guests”. Some of the suites are reportedly filthy, and there have also been reports of sexual assaults on the detainees at these detention centres.
These mandates violates the Canadian Charter of Rights and Freedoms, which forbid any government from arbitrarily detaining Canadians. The Trudeau-led federal government requires returning Canadians to pay $2,000 for their own forcible confinement, and yet it has not provided any empirical data supporting their arbitrary edict for why people with negative COVID tests cannot quarantine in their own homes. Governments like Canada allow people to freely come and go as they please. Governments like China and North Korea do not.
The Charter is the “supreme law of Canada”, recognizing in its preamble, the “supremacy of God and the rule of law.” Under the Charter, everyone has the “Fundamental Freedoms” of conscience and religion, thought, belief, opinion and expression, peaceful assembly, and association. Additionally, under the Charter, “every citizen of Canada has the right to enter, remain in and leave Canada” and “to pursue the gaining of a livelihood in any province”.
What is stupefying is that outside of PPC leader Maxime Bernier, no major party in Canada has stood up against this heinous assault on liberty by the Trudeau government.
Neither the Liberals, the Tories nor the NDP have satisfactorily explained why Canadians must still live in fear today, when the initial predictions from March 2020 about COVID being an unusually deadly killer have been thoroughly discredited by government data and statistics not just in Canada, but from all over the globe.
The Trudeauist government has provided ZERO scientific evidence to back up its belief that asymptomatic people are big virus spreaders. And finally, Justin Trudeau and his administration have not explained what link, if any, exists between international travel and deaths in long-term care homes, where over 80 percent of COVID deaths have taken place.
There is a seething undercurrent of discontent in Canada over the Covid restrictions, and Canadians are just now finding out about the international travel detention centers, and they are appalled that this is happening in Canada.
Trudeau is also Chinese militarizing Canada and all Canadian citizens should be very concerned with these deplorable decisions being made. Americans are sitting on the same time bomb Chicom Biden.
Doc, outstanding. We are currently in a very similar/ reminiscent position as ‘08 when Gold slid from $900 to $700 and many thought that was the end of the bull move from ‘02. When in fact was merely just a pause to build further cause / energy before moving to New ATH’s $1900 and left many behind. I couldn’t agree more with your thoughts / observations. We now need to repair the technical damage inflicted and build a base from which to advance out of. That being said, keep and eye on AU; BTG; EQX; FNV; GOLD ( Barrick ) ; KGC; KL; NEM; RGLD; SAND; WPM. They are starting to show/ display some very early subtle signs that the bleed lower is subsiding.
In any event, fantastic observations analysis.
Have a great weekend to all!
Noticed that all of a sudden the miners became unpopular with the world and a bunch of credible sellers , on their own initiative, sold at the same time without anyone wanting to buy in between massive dumps. How strange and right before Powell is to speak.