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Where to look and where to avoid in commodities – Gold, Uranium, Cannabis and Energy

Cory댊
March 10, 2021

Sean Brodrick joins me to share where in commodities he is seeing opportunity and where he thinks you should be avoiding. We discuss gold, uranium and cannabis stocks to start as these have been under pressure. Next up is oil and a couple other commodities where Sean is seeing opportunities.

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78 Comments
    Mar 10, 2021 10:31 PM

    Rick Rule: Why Gold Miners Are on Sale

    Palisades Gold Radio – Mar 9, 2021

    “Tom welcomes back legendary investor, President, and CEO of Sprott U.S. Holdings. Rick discusses his spectacular partnership with Sprott and the career changes he has planned. Rick is giving up his managerial and administrative roles along with his regulatory functions at Sprott. His focus will be on what he enjoys, which includes educating and mentoring others.”

    https://youtu.be/aSGjS6gum_s

      Mar 10, 2021 10:35 PM

      Rick Rule: Gold Still in a Bull Market, This Decline is Cyclical

      Investing News Network – Mar 9, 2021

      “Gold’s fall below the US$1,700 per ounce mark has some investors concerned, but for veteran investor Rick Rule, the yellow metal’s decline isn’t something to be worried about.”

      “Speaking this past winter, when gold was priced around US$1,800, Rule said gold was likely in “a cyclical decline in a secular bull market” — several months on, he believes that’s still the case. He emphasized that even in a gold bull market like we’re seeing right now, cyclical declines can occur. In fact, they can be frequent and fairly deep.”

      https://youtu.be/aeJni4xnxsw

        Mar 10, 2021 10:18 PM

        The gold bull is waiting for traders to get impatient and investors. Right now it’s snoring. Rick Rule has been wrong more times than right. 2013 he stated we would be in a rip roaring bull market within 2 years and here we are.

        The gold bull market is notorious for taking very few riders. It’s a boulevard of broken dreams for investors and traders. When it really does take off this next time everyone’s going to sell their positions and be locked out whipsawed into major losses I saw this over decades. Gold could go to five thousand dollars an ounce and very few people are going to make any money

          Mar 10, 2021 10:44 PM

          Yes, the bull [market] does like to shake as many riders off it’s back (bulls and bears alike), and inflict the most pain before climbing the ‘wall of worry” on the next leg higher.

          Rick is a sharp guy and he openly admits he is not good at market timing, but from a fundamental backdrop (and also from a big-picture technical perspective), he is correct that the Gold Bull Market is still intact. Once this corrective move has run it’s course, then the next upleg should provide the opportunity for investors getting positioned at these lower levels to have out-sized gains.

            Mar 10, 2021 10:09 PM

            Couldn’t agree more with you. Rick Rule is very sharp he makes his money in the royalty business and loaning mining companies money at high rates. They get into trouble then he can take over the whole company. He’s in the credit business. Credit analyst. More or less I don’t follow him. Yes, he is a straight shooter he does admit he’s not good at market timing.

            Other than that though, as long as you’re aware of the pitfalls because a lot of investors think it’s the easy way to riches. I discovered that many decades ago. Doc does real well because he’s really active in making sure he doesn’t build too much confidence and get too excited at the wrong time. Been taking his profits and then he’ll buy on the dips but he’s very patient. That’s key. When the time does come he might hit it just right and ride the whole thing and realize it’s “”game on””. That’ll be the moment of truth if you’re going to make a fortune. It holds great promises only for very few people though. It’s in a class all of its own.

            I did compare it to this one fellow that was …maybe you can call him a colleague not really but discussing the MJ market. I just told him the gold equities are tame compared to that when that was going all over the place. Huge wild swings.

            Anyway, lot of people are trying to sell me on it when some of the shares were already at extreme high evaluations that would be considered astronomical. Insiders, at the time paid a small minuscule fraction of that way before the propaganda got started. In conclusion, I have upset a lot of people and today they’re suffering catastrophic losses. They asked the question would you pay this amount for this share and I said here’s the number and it was like 20% of that amount at the most I forgot the number anyway I did a whole analysis on it. I think one was ACB forget the name now. This one individual really got angry and arrogant and said I’m going to do it anyway I’m not going to listen to you they’re going to legalize marijuana and blah blah blah. I propose the argument that ya but people can also grow it and they may not be able to sell it for all those high prices either so it went on for a few days back and forth and then about a year later it was something like that they were investing everything even at higher numbers than what they paid when the stuff rallied and then it got completely crushed down to nothing. Heard through someone else they were selling their personal possessions in their house and everything to overcome their terrible miscalculations and oversight.

            So, anyway when people get greedy you can’t stop them they are just focused on the riches and they have no regard for even what they’re doing anymore. Happens all the time people lose all their better judgment.

            Mar 10, 2021 10:21 PM

            Yes, Rick Rule often mentions in his interviews that he’s a credit analyst, not an economist. However, having analyzed so many different resource companies to determine if Sprott should lend them money, he’s continued to have a good pulse on the current crop of resource companies, different sectors that are trending, and their access to capital markets.

            As for the Cannabis sector, not doubt it was hot, frothy, overbought, and became a mania in years past, and then the end of 2020 into early 2021. However, many of the stocks and even the ETFs are down 30-50%, so it is looking more attractive at present levels, as Sean Brodrick pointed out in today’s editorial. I’ve been swing-trading the cannabis ETF (MJ) and accumulating on recent weakness the last 2 weeks, and dipped my toe into a few individual companies, but would actually like to see it fall even further before deploying any more funds to the sector.

            Mar 10, 2021 10:42 PM

            Some of the individual MJ stocks were down 90 some percent and they were invested in the individual stocks that got killed. I also mentioned to these dreamers, I don’t like being a stock picker and then it’s like back in the 90s when people were picking out the tech companies and Microsoft nobody knew who was going to survive. Just an analogy of course there’s plenty of them in the past. It was a double whammy as far as risk goes. I could see the red ink all over the place.

            I couldn’t say anything because I dislike anything to do with cannabis marijuana. I would never, ever invest my dollars in something that’s being sold that I don’t believe in at all. Cigarettes and smoke and even CBD oil I don’t believe in any of it I’ll have nothing to do with it. Never mind the debate on it that’s just my own personal preference I hate the stuff. I have many more words to degrade it all especially MJ products. So please, if anyone sees this post I don’t want to hear about it because I have lost a lot of friends over it. People that get into that stuff I discover my life is so much better than what they’re going through and I’ll leave it there. It’s still a drug.

            Mar 10, 2021 10:46 PM

            Certainly not going to debate the recreational side of MJ but I will point out the medical side has its merits. Between joint pain relief and the reduction of seizures in epileptic individuals the benefits are significant

            Mar 10, 2021 10:06 PM

            Agreed Wolfster. The medicinal benefit of both CBD and THC and many of the other Cannabanoids (CBG, CBGA, CBC, etc…) have had plenty of research and validation.

            As for whether it’s recreational or medical use, the health benefits are there regardless, however it is labeled for resale.

            http://sensipharma.com/wp-content/uploads/2016/05/Medicinal_properties_cannabinoids.png

            Mar 10, 2021 10:12 PM

            All depends, if it’s used as instructed by a very good physician and it’s not altering the patient State of mind. It’s like the opiate crisis. Everyone I know of, has paid a dear price and suffered severe mental consequences because of these faults diagnosis and uses. MJ products has destroyed a few people I know lives using it for pain etc. It must be used in strict accordance with a very reputable physicians instructive orders. Other than that, it’s all toxic and destructive without question. Pot smokers, are busted they are drug addicts. They claim its natural and comes from a plant however so does cocaine. Anyone I know that has anything to do with these products and/or smoking pot needs serious help with a mental health practitioner. Problem is, they don’t even realize they need help.

            Mar 10, 2021 10:29 PM

            Forgot to mention, exercise is very beneficial and therapeutic for health of everyone. However, too many people are lazy and they don’t want to do anything so they end up seeking all this pharmacia sorcery to solve their problems. They dig such a large hole they never get to crawl out of it because they destroy their health and well-being. I see it all the time.

            Mar 10, 2021 10:36 PM

            Sorry, however their diet sucks as well. Leads to all kinds of complications and lack of exercise sitting around all day. The majority of the time that is the problem. Priorities are completely perverted.

            b
            Mar 11, 2021 11:02 AM

            I could only read a couple sentences of this and It brings to mind 1 thought.

            Only dopes smoke dope. 😉

      Mar 10, 2021 10:59 PM

      Glad to hear that Rick Rule is going to “speak more freely”. His use of words is complex and often hard to follow. Add to that, that he was hedging at the same time because of Regulatory restrictions, explains him talking in convoluted ways. These recent posts are excellent as he describes how market manipulation is a fact of life and mire direct comments on areas outside the Sprott book. Once he makes the break from key management, it should get more interesting.

    Mar 10, 2021 10:57 PM

    Stimulus And Consumers Are The Keys To Further US/Global Economic Recovery – Part II

    March 9, 2021 – The Technical Traders – Chris Vermeulen

    https://www.thetechnicaltraders.com/stimulus-and-consumers-are-the-keys-to-further-us-global-economic-recovery-part-ii/

    Mar 10, 2021 10:58 PM

    It’s a bit simplistic to say “gold is going down because the dollar is going up.” At the very minimum, rising interest rates have at least as much effect on gold as the $$. JMO.

      Mar 10, 2021 10:13 PM

      Agreed SilverDollar. The rising interest rates have been the primary pressure on Gold since last Summer, much more so than any of the blips the US Dollar has made. It’s all about the real rates (long term treasuries rates – CPI inflation). When the real rates kept getting more negative into last summer, Gold vaulted to new all time highs, and then as real rates started getting less negative, when inflation stayed flat and even fell a bit, while the 10 year and 30 year yields started to climb, then it has pressured Gold ever since then. Last week interest rates continued to rise and this pressured gold even further to the downside, and the last 2 days, interest rates fell, and the metals rose. If inflation rates were to increase and gain on treasury yields, or if interest rates keep rolling over then this would be a nice tailwind for gold, regardless of what happens with the Dollar.

      The old cliche’ argument that the Dollar and Gold are inversely correlated is not true about half the time, so it isn’t nearly as reliable, and there have been plenty of times over the last few years where gold and the greenback have both risen together or fallen together.

        Mar 10, 2021 10:02 PM

        Absolutely. Hey, have you seen the Karim-Wadsworth interview on Palisade? Some of the chart work is absolutely phenomenal. Highly recommended listen………….

          Mar 10, 2021 10:54 PM

          Yes, I saw that Karim (@Badcharts) and Wadsworth (@NorthStar) on Palisades, and was going to post it yesterday, but felt the higher Gold & Silver targets may draw to much ire from folks that only saw the title but didn’t look at the accompanying charts.

          I’ve been following those guys on Twitter the last 2 years and feel they both are solid technical analysts, and now they are featured each week on Steve Penny’s (@SilverChartist) Weekend Report, so I keep up with their analysis that way.

        Mar 10, 2021 10:26 PM

        The primary driver of the dollar price of gold AND rising interest rates (falling bonds) is inflation of the money supply. And, when the economy has problems and stocks are in a bubble that inflation tends to flow into gold with little or no time lag.
        If it’s ALL about “real rates,” then why was gold $500 cheaper in May 2014 than in October 2012 when the real rate was slightly lower in May, 2014? Likewise, why is gold several hundred dollars lower now than it was in August when the real rate is lower now than back then? Simplistic assumptions are everywhere in markets and groupthink is just as prevalent among experts as the general population.
        The fact is, most of gold’s correction can be explained by the fact that it had become massively overbought after going vertical AND the fact that that happened at a time when most other commodities had far superior risk-reward setups in a now clearly inflationary environment. That’s why bonds and gold, two safe havens, peaked at the same time. “Risk-on” was back so safety was out. We are looking at correlation here more than anything and gold will always have corrections no matter how negative the real rate gets.

        Now it’s time for “risk-on” to take a break and send the good times back over to the safe havens, that is, until the market wakes up to the fact that bonds have become anything but a safe haven. That’s when gold will really fly but I hope it’s a slow process for the sake of the miners. Rocketing metals tend to hurt the miners’ leverage to them and therefore, our real gains.

          Mar 10, 2021 10:01 PM

          I agree that inflation is important and mentioned that if we see a rise in inflation it would help Gold out. Gold price in dollar terms correlates very well with falling or rising real rates (10 year treasuries – CPI inflation). If the rates are falling like we saw from late 2018 through last July 2020, then Gold tends to rise in tandem, and if real rates are rising, like we’ve seen since the bottom last the end of last July to present, then Gold price tends to stay under pressure.

          This chart that was posted by Sach a few days back shows the correlation between the inverted inflation adjusted TIPS rates and Gold quite nicely. It’s over a 90% correlation, which is much more important than the correlation with the US Dollar.

          https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ffe3a367b-abdf-441b-af68-67cab58966ce_1586x984.png

            Mar 10, 2021 10:52 PM

            Inflation is important and would help gold out? Are you kidding? Inflation is THE reason gold hit $2,000+ and isn’t still $35.
            Re: “If the rates are falling like we saw from late 2018 through last July 2020, then Gold tends to rise in tandem, and if real rates are rising, like we’ve seen since the bottom last the end of last July to present, then Gold price tends to stay under pressure.”
            -Why not just say that bonds and gold move together because both are viewed as safe havens? Everyone should understand that rising rates are a function of falling bonds and that falling bonds over a 6 month period is usually meaningless to the underlying trend or fundamental developments. I’d still like to know why gold was $500 cheaper in May 2014 than in October 2012 and why it is several hundred dollars lower now than it was in August.

            Yes, there’s lots of correlation. Rising rates are also correlated with stock market booms yet everyone thinks they’re bad for the stock market which is not true at all. Demand for capital goes up in a boom and down in a bust so the price of that capital does the same. That’s a repeating cycle regardless of the bigger cyclical trend in place. Countless “experts” put the cart before the horse or worse.

            I think the captured media has trained everyone to focus on rising rates in an effort to sterilize what’s really happening that might disturb the sheep: bond revulsion. They talk mostly about rising rates in order to avoid talking about bonds selling off and entering a big secular bear market. It’s a sensitive subject today more than ever and keeping millions of chumps confident and committed will become a somewhat trickier task in the years ahead as the Fed inflates everyone out of their savings.
            Remember: “Propaganda is the executive arm of the invisible government.”
            ― Edward Bernays

            https://stockcharts.com/h-sc/ui?s=%24UST10Y&p=W&yr=3&mn=0&dy=0&id=p05011472353

            Bottom line: High inflation when bonds are overpriced makes bonds unattractive and causes them to fall/interest rates to rise. Bond yields and prices are one thing, not two. The former is a function of the latter and an incredible portion of the population is not clear on that.

            Mar 10, 2021 10:21 PM

            Weimar Republic Germany they never saw it coming. USDX is it the same exact circumstances right now as Weimar Republic Germany a century ago. The correlation is almost the same. That’s the road we are on.

            Just received my electric and gas bill. +20% same usage over last month. Stocks are bolting higher because they know that hyperinflation is in the pipeline and it can’t be stopped. Gold will play catch up at some point and outperform the stock market by 10 times. If you look at what happened Weimar Republic Germany a century ago. Print baby print.

            Although no one wants to hear these words. “””It’s going to be very dangerous”””

            Mar 10, 2021 10:32 PM

            I agree with that regarding inflation and that as bonds get overprices and sold, it’s corollary is rising interest rates on the longer end of the curve, and that there is a good correlation of bonds and Gold, but that it may start to decouple (and I put out a small article a few weeks back to that effect).

            However the trend in the real rates takes into account the both the bond market and inflation, and they still are 2 different (albeit related) data points. The action in bonds is tracked through them directly (or more often via the inverse relationship of the long-term 10 or 30 year treasury interest rates. Inflation (from a flawed government perspective, and by most of the market, it tracked by core CPI. So the relevance of “real rates” is that it incorporates all the data (10 or 30 year treasury yields minus inflation rates – CPI for the inflation component), and has a very tight correlation to price direction in Gold based on either rising or falling real inflation-adjusted rates.

            The captured media may have trained everyone to focus on real rates (rising or falling), so then that is what many focus on in their investing decisions, and more importantly trading algorithms are keyed off them for how they trade Gold. That strong computer algo trading based on the direction and percentage increase in rising or falling real inflation-adjusted rates, makes them a relevant and easy way to track the general direction of gold. It isn’t meant to be controversial idea, and the whole point initially up above was to SilverDollar’s comment that this is far more data set to the price of Gold than the US Dollar is.

            Mar 10, 2021 10:39 PM

            opps I didn’t proof read that before submitting, and it should have said.

            (10 or 30 year treasury yields – minus CPI for the inflation component) = real inflation-adjusted rates.

            Regardless, there are 2 different data points to correlate, and that trend of rising or falling real rates is what many investors, institutions, and computer algos are keying their trades off of. I’m sure they give the US Dollar and Yen some consideration, and obviously something like a black swan event can temporarily be a factor as well. Nothing is perfect, but following the trends in real rates will keep most investors on the right direction of the general gold trend as well, but won’t help with price targets and that is where TA is the best tool.

            Mar 10, 2021 10:17 PM

            There’s no question about the correlation. My point is that the ultimate cause of a rising gold price is the same as that of rising yields (inflation) and ultimate cause of the correction in gold since August was not rising yields (on the monthly chart, it hadn’t been so overbought since 2008, even the major top of 2011 didn’t come close).
            Every move in every market is always surrounded by plenty of media noise that is always plausible sounding and wrong. Again, the real rate is more negative now than it was when gold peaked in August.

            Mar 10, 2021 10:16 PM

            I agree with that regarding inflation being the main driver.

            As for the real rates, they were the most negative on July 26, 2021 last year when 10 year yields got down to 0.318% and CPI inflation was 1.7%.
            >> (0.318 – 1.7) = – Negative 1.382%

            In August 10 year yields bounced up to 0.5% and inflation stayed in the 1.7-1.8 area, keeping real rates their most negative from late July into mid-August of last year, when Gold peaked.

            Since then real rates have steady become positive; peaking last week when 10 year treasury yields were 1.61% and CPI inflation was down to 1.4%
            >> (1.6 – 1.4) = Positive 0.2% real rates last week, and correlated with Gold’s lowest prices in this correction.

            How do you conclude from those numbers that real rates are more negative now than in August?

            Mar 10, 2021 10:37 PM

            According to the US Department of the Treasury’s stats, so far this year in 2021 the 10 year, 20 year, and 30 year real yield curves have become steadily less negative, and the 30 year has shifted to positive real rates in February.

            On January 4th, 2021 10 year -1.08% / 20 year -0.63% / 30 year -0.39%

            On March 8th, 2021: 10 year -0.62% / 20 year -0.10% / 30 year +0.15%

            https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldYear&year=2021

            Mar 11, 2021 11:03 AM

            And following the August top in gold, they got more negative and then moved in a range that was similar to August’s range. Meanwhile, gold fell plenty anyway (of course).
            At the May 2006 blow-off top for gold, all were very positive with the long end around 2.5%. They were also positive at the 2008 and 2011 tops. My measure using the 1y was also positive in 2006 but not in 2008 or 2011. At the 2006 top, gold was up 95% in 2 years and 75% in 1 year yet real rates were all very positive across the board. What gives?

    Mar 10, 2021 10:23 PM

    The Madness of 2021, “Be a bull on America”. The DJI averages just keeps piling higher. Some of these prices will look low in another year or two. “Everybody ought to be Rich”, don’t sell The United States short. The stock market is registering the tremendous ability of American industry to compete. LOL! DT

      Mar 10, 2021 10:31 PM

      Yes, the “madness of crowds” continues…

      Mar 10, 2021 10:10 PM

      When the covid pandemic hit we learned that Canada wasn’t even making masks here, we did during the The Spanish Influenza outbreak in 1918. What are we making here, nothing anymore everything comes from Asia. We used to manufacture vaccines, not anymore. We are in a very vulnerable situation if our adversaries use biological weapons. I don’t want to think about how foolish we have been in so many other instances that will become obvious when Asia starts saying no. DT

    Mar 10, 2021 10:29 PM

    Despite this click-bait title from Stansberry, and the hyperbole about Musk’s ability to spike the punchbowl for energy, boosting nuclear power consumption, I still think Justin Huhn is sharp guy and analyst in the Uranium sector.

    The real driver for Uranium prices will actually be when the utility companies finally start negotiating longer-term off-take contracts with Uranium producers and developers. That is what this beaten down sector has been waiting on seeing for a long time, as the spot price is not nearly as crucial, and most of the spot market is being mopped up by producers the last few years.
    ___________________________________________

    Elon Musk to Boost Uranium Like Bitcoin? Huge Wall of Money Coming Says Expert, Justin Huhn

    Stansberry Research – March 08, 2021

    “The bullish case for uranium is heating up, says Justin Huhn, editor of Uranium Insider. Winter storms in parts of the south and central U.S. have led to a surge in nuclear power demand. This coupled with the electrical vehicle revolution powered by Elon Musk, who recently stated that electricity demand will likely double over the next two decades as a result of the update of electric vehicles. Uranium has the ability to be that clean source of energy underpinning the electric vehicle baseload. We have seen a tremendous wall of money enter the space, Huhn tells our Daniela Cambone. ”

    https://youtu.be/EM0uhVvhU5g

      Mar 10, 2021 10:24 PM

      I bought some EFR around a year ago, but sold too soon and since then I keep expecting it to see a pullback but that is wishful thinking. DT

        Mar 10, 2021 10:40 PM

        Yes, Energy Fuels is a staple in my Uranium portfolio as well DT.

        It is one of my favorite positions to swing-trade partial positions around the core position, and have already bought and sold partial positions 14 times this year alone. 🙂

          Mar 10, 2021 10:45 PM

          Ur-Energy is another Uranium stock I like swing trading around the core position in, and have bought and sold partial positions 16 times this year. Uranium Energy Corp and NexGen are other good ones for trading, being highly liquid dual-listed stocks.

          Once this Uranium bull gets more aggressive to the upside then I’ll HODL those positions more.

          Mar 10, 2021 10:49 PM

          Aside from the Uranium aspect being the primary driver for Energy Fuels, they also have the ability to process Vanadium and now Rare Earths. Over time, their ability to process Rare Earths could be a game changer for US domestic supply of those critical elements, and is one of the less risky ways to play the REE sector.

          Most Rare Earths companies don’t have an effective way to deal with or permit the processing of the the radioactive components often found along side rare earths in nature, but a fully licensed Uranium producer has a leg up in that regard.

    Mar 10, 2021 10:09 PM

    Nice little rally in gold the last 2 days but it’s getting ready to move back down again to its’ rally point. I’ll purchase again when it does—-just keep nibbling since we have most of the spring to take positions. After this spring is over it becomes a waiting game. Most of the carnage should be over by then. One thing I’m confident of is that very few of the good companies will take out their 200 week SMAs and were slowly getting close to those SMAs. Also very interesting is that a large number of these PM companies are forming a rather “perverted” inverse head/shoulder formations. I believe that May/june will be a couple of months of good positioning. Interesting statistic: In the first 6 months of every year, the low points for gold are often the first of January and February and the end of June.

      Mar 10, 2021 10:50 PM

      Good thoughts, as per usual Doc.

      When everyone else is focused on Spring Break, we can be focused on the Spring Take. 😉

        Mar 10, 2021 10:20 PM

        Ex, I don’t know if you are able to pull up stock chart’s monthly charts but a very interesting chart right now is mrz.v. There’s been movement up by the stock lately but what is interesting about the monthly chart is the extreme narrowing of the BBs. I understand they have a very aggressive drilling program this year and unlike other project generators they have a couple of sites of their own. I’ve not seen another PM company with monthely BBs this tight. https://schrts.co/NhbXnbcE

          Mar 10, 2021 10:18 PM

          Thanks for the heads up on the MRZ monthly and narrowing BBs, getting ready for a power move and the drilling news could be the catalyst.

            Mar 10, 2021 10:10 PM

            Buy Buy Buy

            It’s too bad, I’m not crazy about Vancouver listed companies and never bought a Canadian listed share. Although, it’s probably very lucrative.

          Mar 10, 2021 10:46 PM

          MRZ was Brent Cooks go to pick from late 2016 until his departure from Exploration Insights in 2019. I never owned it but kept it on my barchart.com Watchlist. Looks like it may run to .77+

            Mar 10, 2021 10:56 PM

            Yep, Brent has been promoting Mirasol for many years now, but as Doc mentioned they have a bit more real exploration work going on than other prospect generators, and some good results could move the needle a bit more coming out of the consolidation and tightening of the BB range on the monthly. That’s an interesting consideration, and one I’ve got on a shorter watchlist myself, but have never pulled the trigger on it.

    Mar 10, 2021 10:23 PM

    Picked up some of Matthews favorite
    Brixton
    Lets hope it works out

      Mar 11, 2021 11:47 AM

      Brixton has HUGE potential at all of its properties.

    Mar 10, 2021 10:39 PM

    Ex, you should get in on The Florida Boom. Kevin O’Leary say’s buy residential Real Estate not commercial, it’s especially hot in Miami Florida. Home, Sweet Florida, let’s hope they don’t have a hurricane similar to 1925. LOL! DT

    https://www.youtube.com/watch?v=U4Qabte8z5Y

      Mar 10, 2021 10:52 PM

      DT – we spent a great bit a time over the last few decades traveling around Florida, and had considered some real estate there as rental properties, but never did. As for Miami, when I was down there a few times we spent most of the time in South Beach, which was fun and had a vibrant pulse, but was really pricey and hoity toity. We went out to Nikki’s Beach Club and to rent little tables or bed huts is was $500, champagne was over $1000 a bottle and came out with a sparkler in it (Tommy Lee from Motley Crue ordered one when we were at a bar), there was topless body painting, DJs playing until late, and it was all a little bit over the top, and really encapsulated the artificial façade of South Beach. The whole outside restaurant/bar/shopping vibe on Lincoln Avenue was pretty fun but again, very over priced and had a fake flashy glam to it.

      In Florida we preferred the more relaxed Hollywood Beach area located between Fort Lauderdale and Miami, and the Tampa/St Pete area. Fun times!

        Mar 10, 2021 10:05 PM

        The whole city of Miami is going to become one frenzied real estate exchange. Venetian cities for the American public and pleasure seekers. What a cocktail mix, corruption on the streets during the day and partying at night. DT

          Mar 10, 2021 10:08 PM

          Well-stated DT.

            Mar 11, 2021 11:11 AM

            Ex, the public loves Florida real estate, especially the snowbirds from Quebec. They will buy anything anywhere, so long as it is in Florida. I like the names you mentioned that they give the developments. Who wants to buy a house by the sea, “Sold”! I can’t imagine the kind of prices they are asking, there is nothing like a bubble by the beach. Time to dust off my red speedo and pretend I am young again! LOL! DT

            Mar 11, 2021 11:20 AM

            Good points DT, but that a disturbing mental image with dusting off the red speedo. LOL!

            Yes, people want the houses by the beach, and I felt picking up a home to rent out may be a good strategy, but the prices are in the stratosphere.

            Mar 11, 2021 11:56 PM

            Hi Ex, I have never owned a speedo period, it was only meant as a joke. DT

        Mar 11, 2021 11:09 AM

        We did the Orlando tourist thing a few times (and headed over to Coca Beach), drove up exploring the whole East coast of Florida from Miami to Hollywood Beach, to Fort Lauderdale, to Pompano Beach (that was a nice spot), to Boca Raton/Delray (also nice but pricey and fancy cars and bikes everywhere), to West Palm Beach, to Vero Beach, to Melborne Beach, and finally to Jacksonville.

        However the place we probably went the most was the Destin/Miramar and traveled down a few times to my favorite place in Florida Watercolor/Seaside. It was like a timewarp to the the 1950’s and 1960’s with cute little oceanside houses, quiet streets, and everyone rode bikes everywhere. Those are some of the nicest sugar-sand beaches I’ve ever been on. Seaside is where they filmed the Truman Show as an aside. If I could only go back to Florida 1 more time in my life,
        Watercolor/Seaside is probably where I’d go.

      Mar 10, 2021 10:04 PM

      Miami would not be my first choice. I would prefer higher ground.

        Mar 10, 2021 10:11 PM

        Agreed David. I like being near the water and beaches, but also appreciate being near the mountains and higher ground. We went went snow skiing in majestic mountains yesterday into the evening, and then trail hiking to a nice beach at sunset tonight.

          Mar 10, 2021 10:32 PM

          Back in the olden days, I was a male model & did a photo shoot on Hollywood beach. Life goes on ……

            Mar 10, 2021 10:37 PM

            I was once a performer at Barnum and Baileys circus as a clown. Still am, I’m the biggest clown in town. Humiliation builds character and as a clown you never have to worry about being demoralized, you already are. Pride can be your worst enemy in life. That’s why Donald Trump struck out. A bitter lesson for all of us because pride goes just as we fall. Just when we thought we had everything all figured out. Jerry’s knows the ropes and need to be a better listener. Stop being a clown. Hope your out there Jerry please see my post on the weekend thread. I promise I’ll stop clowning around.

            Mar 11, 2021 11:41 AM

            HG.

            BTW……I NEVER CALLED YOU A CLOWN…. 🙂
            ….Jerry’s knows ……… “Stop being a clown”. …..Sounds like an insult to ME…
            BTW…………..I THOUGHT WE ENDED IT……

            Mar 11, 2021 11:45 AM

            OOTB Jerry, we did end it I hope you read my post on the weekend blog. I explained everything there. No, I wasn’t calling you a clown whatsoever I was saying I’m a clown because I don’t want to try and be right anymore. It’s not worth it because there’s no benefit to any of this. No matter what you did to me or anything like that I don’t care you can abuse me all you want I’m not going to retaliate back this is not worth it. You’re more important than all these discrepancies no matter who’s right or wrong. Two wrongs, don’t make a right and that’s when I swallow my pride. Maintaining the peace and harmony even if I have to assume all the blame in the matter. In trivial matters like this, if it was a serious situation involving a crime that would not be the case. Don’t worry about me, I’m not going to insist on being right and debate to where feelings are being compromise that’s not my intent here. In fact, I’ll leave forever and ever return because none of this is worth someone being really emotionally hurt over something like this is it’s not worth it man I don’t want anything to do with it. No hard feelings ever that’s what I want you to know. I’ll let you call the shots here. I have no problem leaving and never returning I don’t want to be responsible for anyone’s emotional feelings being compromised. That’s not who I am even though I can be a real warrior. Also, I’m not perfect either so we all have to consider that with all of our conversations and interactions. In closing, we all need to try and be the better person that’s what keeps the peace. So, I have no problem swallowing my pride that was my original message here. ✌️OUT

            Mar 11, 2021 11:39 AM

            Like I said over in the OTHER BLOG…………..
            We might have been friends in another lifetime… 🙂
            This is not saying, we might not become friends going forward… 🙂

            Reply to this comment

            Mar 11, 2021 11:10 AM

            OOTB Jerry, I consider everyone my friend until proven otherwise. It can be dangerous and it has been but it’s worked because I live with a clear conscience. Sometimes I can be too friendly and some people take that wrong however that’s on them. That’s not my problem they just lost all confidence in people. It’s very unhealthy and most of these people are bitter. Anyway, different strokes for different folks as the old saying goes I don’t want to live like that. My own personal preference and it’s been working because in the pursuit of happiness I’m seem to be doing just fine. Although, that can change dramatically and I’m grateful for everything I have. In closing, if I don’t agree with someone regarding a matter unless it’s really going to offend them I will just state what I believe and that’s how I live my life. In other words, full disclosure and I don’t play games. At least, not intentionally.

            Mar 11, 2021 11:56 AM

            BINGO…..””.full disclosure and I don’t play games” You say and I say……….And neither do I…..
            THE END… 🙂

            Mar 11, 2021 11:11 AM

            OOTB Jerry, yes full disclosure and representation. Although, in some instances you have to bend the rules because of the world is full of predators. In that particular case you need to have a lot of discretion. I proceed with very limited conversations and avoiding them at all costs with any kind of encounter. Otherwise, doesn’t matter what you say they will remain malicious. I use a lot of discretion that’s just for looney tunes that never come around they have compromised all better judgment. . Very unreasonable maybe the right words to choose

            Mar 11, 2021 11:15 PM

            Bending the rules………is what CONGRESS does……

            Mar 11, 2021 11:50 PM

            OOTB Jerry, the worst part is, all of us are being bent over. However, those that have everything paid for and no debt will be fine until the wheels come off. As long as we’re not invested in bubble assets. Everything’s paid for. I owe no one nothing. All we can do is enjoy our prosperity while we can. The rest is beyond our control including death and taxes.

            Remain vigilant and wise. Enjoy life now while you can before it’s too late. The day and hour is coming and I’m not going to sweat it right now because it’s beyond our control. Nonetheless, don’t sleep as others do. We know very well that there’s a day of reckoning. The piper always gets paid and we know this is a very foolish generation. Everything is perverted and all the checks and balances are completely distorted.

          Mar 11, 2021 11:09 AM

          Glad to see you taking advantage of your new surroundings. Sounds like you made a great decision…

            Mar 11, 2021 11:10 AM

            Referencing Ex comments about getting out yesterday. Never know where these posts end up.

            Mar 11, 2021 11:18 AM

            Thanks David. Yes, it helps me clear my thoughts and relationship to get out in nature for some exercise with my lady daily, and get away from glowing screens and data. 🙂

    Mar 10, 2021 10:52 PM

    I don’t know how many years stockcharts will let non-subs see but the following chart looks best with 9 or more…
    https://stockcharts.com/h-sc/ui?s=%24GDM&p=W&yr=10&mn=10&dy=0&id=p41427255372&a=715025543

    Mar 10, 2021 10:03 PM

    If gold were to use up time near the current level or even make a quick new low, it wouldn’t hurt the bullish look of this picture:
    https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=8&mn=8&dy=0&id=p62853589268&a=715024205

      Mar 10, 2021 10:10 PM

      You’ll notice that the important low of 11/11/19 is pointed out on the chart. That’s so you can line up the chart with what was being said around here at the time:
      http://www.kereport.com/2019/11/11/last-week-did-some-serious-damage-to-the-gold-and-silver-markets/

      Gotta love Chartster! 🤦‍♂️😂

        Mar 10, 2021 10:17 PM

        I don’t remember revisiting those comments later but I see now that my 1675 call (when gold was around 1450) wasn’t bad. Gold peaked at 1704 17 weeks later and then had its covid crash.
        My 1450 area target for the correction was right on (it hit 1446.20).

        On November 12, 2019 at 12:09 am,
        Matthew says:
        My target since the correction started has been the 1450 area and it wouldn’t surprise me if we see the low tomorrow. Intermediate term, it’s hard to imagine my maximum target of 1750 right but 1675 should happen without too much difficulty.

    Mar 11, 2021 11:07 AM

    They have been attempting to walk down gold ever since 2-3 AM, probably with naked paper contracts. Not sure how fraud represents anything that we should respect as an indication of a trend.