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Commodities outlook balanced with the USD rebound

Cory
March 27, 2021
Full Weekend Show

Thank you all for tuning in this weekend! On this Weekend’s Show I set out to get a balanced look at precious metals and currencies. Under the radar the USD is having a great start to the year, up over 3% in under 3 months. Overall markets are choppy right now so it’s all about looking for key markets to determine future trends.

Please keep in touch by emailing me at Fleck@kereport.com. I love hearing from all of you. Let me know what you think of the companies I featured this week and any topics you want me to focus on.

Exclusive Company Interviews This Week


Steve Penny
Brian Leni
Dana Lyons
Marc Chandler

Discussion
223 Comments
    Mar 27, 2021 27:14 AM

    Kory, thanks for the show.

    What‘s happened to Al‘s political weekend show? Is this terminated?
    I think there are still many important political topics (hopefully to be discussed without any bias of a political camp)

      Mar 27, 2021 27:16 AM
      Mar 27, 2021 27:16 AM

      Just PRESS ON THE POLITICAL BANNER above…..the red , white and blue one , that will open up the other section, …the two sights are now separated ..

        Mar 27, 2021 27:17 AM

        sites, not sights….

          Mar 27, 2021 27:35 AM

          Yes they are and this is by design. Actually my design

            Mar 27, 2021 27:49 AM

            I think you have explained this before and very clear on why…..

            Ann
            Mar 27, 2021 27:57 AM

            Thanks Big Al..

            Mar 27, 2021 27:13 PM

            A great change Big Al. Politicos have their own home.

            Mar 27, 2021 27:12 PM

            Yes, agreed with the comments above, it is a good design to have politics their own place, and keep the economic blog more focused on that. Thanks Big Al.

        Mar 27, 2021 27:47 AM

        Thanks for the hint Jerry. Haven’t seen the banner

          Mar 27, 2021 27:51 AM

          See the KER POLITICS Banner upper right corner…….See the RED WHITE AND BLUE FLAG…

            Mar 27, 2021 27:53 AM

            Just go up and push the button, tap the flag……it says ….”join the conversation”

            Mar 27, 2021 27:54 AM

            GO TO THE………..MAIN PAGE FIRST……

          Mar 27, 2021 27:58 AM

          I found it – thanks Jerry

            Ann
            Mar 27, 2021 27:54 AM

            Thanks Jerry… I wasn’t aware it even existed!

            Mar 27, 2021 27:59 AM

            Ann………you are very welcome……come and join in…..lively debate guaranteed…. 🙂

            Mar 27, 2021 27:00 AM

            Thomas………..you are welcome also…..come one come all …….:)

            Mar 27, 2021 27:25 PM

            Thank’s Jerry i wasn’t aware .

            Mar 27, 2021 27:31 PM

            You are welcome franky…….come over and join us……

    Mar 27, 2021 27:19 AM

    10 LOWEST COST GOLD MINERS

    https://www.kitco.com/news/2021-03-25/Lowest-cost-gold-mining-companies-in-2020-report.html

    Most of the of them are on discount at the moment

    When did we had this the last time that the best of the best are on bargain sale (probably only after COVID crash last year)

    Mar 27, 2021 27:26 AM

    I like to know what all these quest have for thier long term gold silver price target in 3-5 years.
    Many people in gold space last August when we were making new highs most were looking for $3K gold by end 2022, now I’m hearing 2024,2025.
    What has changed thier long term outlook?

      Mar 27, 2021 27:36 AM

      Michael Oliver thinks gold will go to 8K in 2 years. Can’t argue with that.

        Mar 27, 2021 27:39 PM

        I would take that bet and I would give him odds.

          Mar 27, 2021 27:16 PM

          Doc – Just don’t bet Michael a steak dinner. Haha! 😉

            Mar 27, 2021 27:32 PM

            Ex, I still haven’t collected on that steak dinner.

            Mar 27, 2021 27:40 PM

            Yep. You won it fair and square. It’s a case of tragic dinner supply side interruption. Lol!

            Well I’m rooting for you man, and maybe one day G.S. will treat you to that steak dinner, and you can share a laugh about it all. Cheers!

        Mar 27, 2021 27:15 PM

        Personally, I’m much less interested in longer term price projections many years out, as even if they are well-reasoned, so many variables can change in any given sector over 3-5 years. It’s much more instructive to look at any well thought out price targets over the next few months, or possibly though year-end, with a general outlook for next year.

          Mar 27, 2021 27:21 PM

          The main questions to ascertain when investing in the resource stocks are:

          – Can the producers make good money at current prices?
          – Are the projects in cue by the developers properly valued at current prices?
          – Are the grades/lengths of drill intercepts of explorers economic at current prices?

          Then if there are price projections for the next few months, or through year-end, and moving into next year.

          – Can the producers make good money at projected prices?
          – Are the projects in cue by the developers properly valued at projected prices?
          – Are the grades/lengths of drill intercepts of explorers economic at projected prices?

          Mar 27, 2021 27:23 PM

          Yeah…what he said

            Mar 27, 2021 27:13 PM

            Haha! Thanks David. 🙂

      Mar 27, 2021 27:06 PM

      It has always been “next year” since 2001. Maybe since computer trading and algos took over.

    b
    Mar 27, 2021 27:03 AM

    Sometimes I think “good” prices for PMs are forever in the future.

    Recall D Morgan around 2009? $50 silver by 2020?

    or the ever entertainer Kaiser? $500 if you want it?

      Mar 27, 2021 27:48 AM

      Morgan was conservative since silver hit $50 9 years before 2020.

    b
    Mar 27, 2021 27:42 PM

    Thats for sure.

    His message was silver was going to hit and stay above $50 by 2020, he wasnt saying anything about a spike to $50.

    Not that it matters, nor do the gold predictions matter. $15-$50k+

    Money can be made in jr mining if ur willing to inform urself and watch it every day.

    Obviously.

    Guru and or any other predictions really are not required.

    Bob is right, most are simply telling people what they want to hear, pumping the sector and or their subscriptions I suppose.

    Cant begrudge anyone making a living tho.

    cfs
    Mar 27, 2021 27:56 PM
    Mar 27, 2021 27:10 PM

    Thanks to all the KER contributors for another great week of daily editorials, company interviews, and another solid weekend show.

    On this weekend show, all 4 segments were very solid.
    – Steve Penny (@SilverChartist) did a good job on the technical levels and patterns to watch for Gold & Silver, and his portfolio construction comments made a lot of sense.

    – Brian Leni’s points on strategic investors (from wealthy individuals, to institutions, to senior mining companies) serve different roles and importance to investors, and that was true about the JV discussion as well. Some companies are just in a JV situation due to an option from selling or prior partner companies merging with new companies, while other companies are actually involved and sharing technical resources, or operating projects, etc… That can be a big difference.

    – Dana Lyons did a good job of assessing the general markets, the sector rotations going on within, discussed the easy money having been made in the 3 months since the election, but then over the last month it has been getting harder as some of the air came out of many hot sectors, the US dollar strength has been pressuring commodities (like Oil, Copper, Nickel, Platinum, Silver, etc….) and his comments on the subdued VIX and volatility potentially being a bullish factor moving forward were interesting

    – Mark Chandler’s comments about global currencies were interesting, and touching upon the dollar strength this year has been noteworthy, while garnering little discussion about it. I still see more medium to longer term weakness in the greenback, but agree with Mark that it still could finish this relief rally in the larger downtrend and make it up to 94-95 before rolling back over.

    Wishing all the good folks here at the KER good trading. Ever Upward!

    cfs
    Mar 27, 2021 27:17 PM

    Surprise, Surprise…..

    https://therightscoop.com/well-no-kidding-court-rules-punishing-professor-for-not-using-students-preferred-pronoun-was-unconstitutional/

    Even I could see that coming. Damn Liberal schools STUPIDITY even worse than courts.

    cfs
    Mar 27, 2021 27:19 PM

    oops, Wrong place. Sorry.
    (Must have been at university too long….stupidity rubbing off or on.)

    cfs
    Mar 27, 2021 27:24 PM

    Fortuna to file appeal in Mexican court against royalty
    2021-03-26 19:41 ET – News Release
    Mr. Jorge Ganoza reports
    FORTUNA PROVIDES AN UPDATE OF THE STATUS OF DISPUTED ROYALTY AT THE SAN JOSE MINE, MEXICO
    Fortuna Silver Mines Inc. has provided an update of the status of the legal proceedings related to a disputed royalty on one of its extracting mining concessions at the San Jose mine located in Oaxaca, Mexico.
    Background
    In 2017, the Mexican Geological Service (SGM) advised the company that a previous owner of one of the company’s mineral concessions at the San Jose mine had granted to SGM a royalty of 3 per cent of the billing value of the minerals obtained from the concession. At the date of the company’s acquisition of the concession, the royalty was not disclosed to the company, and it did not appear on the electronic title register at the mining registry although it is listed in the official record books of the concessions of the mining registry. The company obtained advice from external legal counsel, which confirmed that there was no legal basis for the creation of the royalty and that it was invalidly created. The company initiated legal proceedings to uphold its position that no royalty is payable.

    Mar 27, 2021 27:31 PM

    Ray Dalio on Bitcoin: ‘Good Probability’ It Will ‘Outlawed’ by US Government

    Jamie Crawley CoinDesk – Mar 25, 2021

    “Ray Dalio, founder of the $150 billion hedge fund Bridgewater Associates, believes bitcoin has “proven itself” in the last 10 years but still sees a “good probability” that it will be outlawed by governments.”

    “Speaking to Yahoo Finance’s Andy Serwer on Wednesday, the billionaire investor said it was “very likely under a certain set of circumstances” that bitcoin would be “outlawed” as gold was in the 1930s.”

    https://www.nasdaq.com/articles/dalio-on-bitcoin%3A-good-probability-it-will-outlawed-by-us-gov-2021-03-25

    Mar 27, 2021 27:54 PM

    Michael Rowley, CEO of Group Ten Metals discusses Stillwater West with Maurice Jackson of Proven and Probable, the takeaway is the immense size of this deposit coupled with the varied number of PGM’s and copper, nickel, and cobalt.

    https://provenandprobable.com/group-ten-metals-stillwater-west-maiden-resource-update/

      Mar 27, 2021 27:45 PM

      Every time I hear a GroupTen interview, I like it. The CEO keeps comparing it to mines in Africa for a peer comparison. He mentioned that Sibanye is looming as well as some interest from Robert Friedland. I need to add.

        Mar 27, 2021 27:50 PM

        Although “looming” is a word, it is not the right word. Looking may be more appropriate.

          Mar 27, 2021 27:11 PM

          Nice David. Yes, Group Ten is “looming” in the shadow of Sibanye’s Stillwater project right next door in Montana, and it is “looking” like PGE has a platreef-style deposit, similar to the ones in South Africa like Friedland’s Ivanhoe has Platreef, or like Platinum Group Metals Waterberg deposit.

          https://s1.q4cdn.com/169714374/files/images/waterberg/northernlimb_map.jpg

            Mar 27, 2021 27:25 PM

            “Smart ass”…. 🙂

            Mar 29, 2021 29:16 AM

            Haha! Just having fun with what is looming and how things are looking for Group Ten.

            Ever Upward!

        Mar 28, 2021 28:08 AM

        Friedland only gets attracted to large deposits, the reason is obvious, he is a mine developer. It would be extremely hard to acquire Group Ten Metals with Sibanye sitting next door, that could make Sibanye a target. I have seen Canada loose a lot of their mining crown jewels to aggressive plays by upstarts that pounced out of left field. DT

          Mar 28, 2021 28:05 PM

          DT Friedland’s optioning into Hog Heaven was a solid endorsement of Brixton. As you say he likes his deposits big.

            Mar 28, 2021 28:22 PM

            Hi blazesb, I have been in and out of Brixton numerous times but I didn’t realize Friedland was getting involved, thanks for the heads up. DT

      Mar 27, 2021 27:06 PM

      Thanks for the link DT.

      Maurice does a good job interviewing companies, and I’m a big fan of (PGE) Group Ten Metals and their polymetallic deposit showing so much potential from their drilling, right next to the juggernaut Stillwater mine, now held by Sibanye.

      Here’s another good video on Group Ten’s drilling updates:
      __________________________________________________________________

      (PGE) (PGEZF) Group Ten 2020 Drill Results Webinar March 2021

      Metallic Group – Mar 5, 2021

      https://youtu.be/gmhOgju6MMk

        Mar 27, 2021 27:58 PM

        Gold update!

        It’s about that time 🙂

        My pattern changed when the right shoulder was acting weird, however jerry is my witness even though some are trying to throw me under the gravel lol.. I abandoned it with ample time and expressed it 100% as I have always done truthfully. Listen I’m 100% transparent and live that way plain and simple.

        Gold is headed lower I don’t know if it’s Monday or tomorrow but my pattern who is right up there is telling me, doc and not many more. The reason why b and maybe two others believe this shit ain’t over. Still way to many bulls and bugs with caps on no insults meant. But this is investing and you guys better understand there is pain yet to come and the song of all is well can kill your portfolio if you don’t out caution to the scenario.

        Is there a possibility the bottom is in? Possibly

        But why do I disagree? So many red flags I can’t even begin to express. The red monthly candle is not satisfying for a final bottom. Wick should be longer. Volume should have been way larger. Etc etc etc…US dollar still has a jumó to it.

        From a monthly corrective length of time, gold has not given any investor yet the reason to be scared. The bullish percentage indicator needs to come way down at least below 14 in my books.. I can keep telling you about all the red flags.

        I will get countered with resistance levels. The issue there is the bankers and bears who are the same control this game which means, the resistance levels don’t hold credence to fraud.. glen learned this long ago and many just don’t get the friggin game.

        We are headed lower and I will bet anyone in this forum who chooses to go against my call. Not to prove a point but to tell you many of you are getting hurt due to other calls and I don’t like it.

        Be careful and be safe! Hold your money amd wait a deeper bottom is coming. If I’m wrong on my call I will leave forever that’s how I feel about this. But if I’m bang on you will have learned that listening to rosy calls and all is well killed your portfolio and I’m not fine with that.

        To many bulls still around. Once they are crushed we will go up! I promise you we are close not yet about a month away..

        Glen

          Mar 27, 2021 27:11 PM

          You are correct GLEN….. I believe you did mention the change….

          Mar 27, 2021 27:24 PM

          Yes, Glen, you rightly abandoned your H&S pattern (a pattern I never agreed would work out despite my overall bullishness) but that was 2 months ago not 6, as you implied when you asked yesterday “is there anyone out there to match my pattern in the last 6 months?”

          Re: “From a monthly corrective length of time, gold has not given any investor yet the reason to be scared.”

          I wonder if you realize that during the bull market of 2001-2011, only the pullback (crash) of 2008 matched the duration of the current pullback. None of the others came even close and if gold finishes next month lower, it will exceed the duration of the 2008 event. Take a look:
          (Monthly gold)
          https://stockcharts.com/h-sc/ui?s=%24GOLD&p=M&yr=25&mn=0&dy=0&id=p67827982410&a=928817909

            Mar 27, 2021 27:04 PM

            Good comments Matthew. This corrective move down has lasted longer and been more destructive, that almost everyone was expecting since last summer. It’s been a real doozy.

            Mar 27, 2021 27:21 PM

            It’s crazy that this correction is getting close to surpassing the duration of the 2008 crash.

            Most bull market corrections are not this severe, but then again, Gold did make a new all time high last August, and generalist investors were getting involved with the PMs, so it seems the sentiment needed to get wrung out in a more meaningful way on this move downward, to build the next base to rally from.

            Mar 27, 2021 27:59 PM

            Gold is also about to secure back-to-back negative quarters. That never happened once during the last bull market.
            In addition, aside from 2008, only the correction of 2006 exceeded the depth of the current one but only by about 2% — and it happened within 5 weeks not 31.
            The bears are kidding themselves if they doubt the amount of fear and bearishness this correction has caused.

          Mar 27, 2021 27:40 PM

          The yearly action could hardly be better. Notice that the low this year was a teeny tiny 70 cents below the previous all-time high yearly close of 1674 (2012). That’s the market showing respect for that level, both bulls AND bears. Bulls because price wasn’t allowed to go lower and bears because they insisted on doing what it took to test the level.
          (Yearly gold)
          https://stockcharts.com/h-sc/ui?s=%24GOLD&p=Y&yr=30&mn=0&dy=0&id=p49441766660&a=928826022

            Mar 28, 2021 28:50 PM

            Matt, Doc, Ex What about an old school “diamond-patern” developing? Is this something you TA folks ever discus?

    Mar 27, 2021 27:59 PM

    Just want to point out another negative at this time technically for gold. Gold has broken down through its’ 50 week SMA and EMA. it’s closed a number of times on a weekly basis below these moving averages. In my experience it is extremely rare for an asset class that does this to move right over these moving averages after an occurrence like this. Pricing now sits below these 50 week MAs and the 200 week SMA. Pricing has to either move down to challenge the 200 week MA or the 200 week MA has to move up over time to catch up to pricing or the combination of the two. It appears that pricing will continue to move down to challenge the 200 week SMA due to the steepness of the MACD on the monthly charts—just an observation; hope it helps.

      Mar 27, 2021 27:01 PM

      CORRECTION—pricing is above the 200 week SMA.

        Mar 27, 2021 27:25 PM

        Doc – Good thoughts on the bearish price action in relation to the 50 week SMA and EMA. Yes, it will take some time for Gold to bottom and base and work of the chart damage done over the last 7+ months. Thanks.

          Mar 27, 2021 27:28 PM

          What do you think of the concept Steve Penny covered in this weekend show, that on the longer monthly chart going back a decade, one can see the large cup & handle pattern setting up between the 2011 high at $1921 and the 2020 high at $2089, where after that cup, the handle has been formed in this last 7+ month corrective channel, and that in 4-6 weeks, a bottom could come, where it would then take 7+ months for Gold to then climb back up in symmetry?

            Mar 27, 2021 27:33 PM

            Ex, I think that is very possible—the reason is that after April the odds really increase that we see an end to this intermediate cycle sometime in May; possibly in later May. Of course, if it is forming a handle then, we could consolidate on the bottom of that handle for some time.

            Mar 27, 2021 27:35 PM

            That makes sense to me Doc as a likely path forward. Much appreciated.

            Mar 27, 2021 27:53 PM

            Ex, another tidbit—-pricing is now below where it was in 2011 and here we are 10 years later—that is at least encouraging from the viewpoint of the gazillions of new dollars printed since 2011. Of course a lot of that sits on banks balance sheets and there is not a lot of velocity but eventually something will have to give whether it’s inflation or the dollar. Can you imagine if the central banks throughout the world keep less dollars in reserves if they’re scared about the depreciation of those dollars and those dollars would flood back into the U.S.? But then again it’s in their interest to keep the dollar strong to keep the trade imbalances to benefit their countries.

            Mar 27, 2021 27:37 PM

            Good thoughts Doc. Yes, the Dollar has been in a stealth move higher since the beginning of the year from 89 to pushing 93 last week. Personally, I still believe the Dollar is in a larger downtrend, and that this move higher in the greenback has just been a dead-cat bounce, but the increasingly stronger dollar has pressured commodities like Oil, Copper, Nickel, Zinc, Platinum, Silver, etc… the last 2-3 weeks.

            I’m not sure the powers that be want too strong of a dollar, or it will create havoc in emerging markets, will make our exports more expensive, and it would continue to pressure commodities in a deflationary sense, when the FED wants inflation, not deflation. Most currencies are still in a race to the bottom, but it just so happens that most of the other currencies have done worse than the dollar, so the buck has made new highs against most other currencies lately as result. It’s a case where the Dollar is the prettiest cow in the slaughterhouse.

            It seems likely that if the Dollar can work it’s way up to to 94-95, that it would roll over there and then begin it’s next decline down to test the lows at 88-89, and then break lower. If that plays out then it would boost commodity prices, and when paired with rising wages in the reopening trade, it would lead to cost-push inflation.

            Inflation is already picking up, and the market senses this, but it is measured and still somewhat subdued. As you mentioned, the Velocity of money is finally starting to pick up, because the stimulus, unlike prior QE, is going directly to small businesses and private citizens, and these trillions of dollars are getting spent and used, and will end up resulting in higher inflation as the years progresses. If they pass another few Trillion dollar stimulus package for infrastructure buildout, then that will also increase the velocity of money and underpin even more inflation heading into next year.

    Mar 27, 2021 27:48 PM

    Since you never asked me ex,

    I will still gladly respond to your question. I think the problem lies between patterns. This is a very confusing pattern and many are about one month ahead when in fact we are behind!

    That paints a very scary picture and I think me an Matt are looking at completely different charts. You maybe as well :(.

    My point is this if you guys are in the wrong chart your going to get a world of hurt, and if my chart and docs are correct well some will learn. My point is someone is going to be on the wrong end and I think with all my studies I would not bet against glen.. just sayin

    We have not even gone down to the bottom of this handle the pain is yet to come ex then we can talk about a handle or medium term upside.

    7 months is nothing the longest has been 9 months plus..

    I told Jerry this will be the longest handle ever and it needs to be for we’re we are heade! Pain then gain

    Glen

      Mar 27, 2021 27:01 PM

      Yes Glen…….I agree with the long handle, I did tell someone that 7 months was not out of the question…..I think it might have been b….

        Mar 27, 2021 27:08 PM

        +7 OOTB. Yes, you had stated that we’d have a long handle on the cup, and we discussed that after the handle that the cupeth will runneth over a number of times. 🙂

        You had mentioned that the cup handle could easily be 7 months or more, so good call OOTB.

        Cheers!

          Mar 27, 2021 27:13 PM

          Thanks Ex…….. I must be reading to many conspiracy theories….Like DIcky said… 🙂

            Mar 27, 2021 27:22 PM

            OOTB you are just a glass (cough… I mean Cup) is half full kinda guy. 😉

            Eventually when the corrective move to form the handle is wrapped up, then the cup will replenish, and the move higher in Gold will resume and it will likely overflow the cup, reaching to new all time highs. Until then, we’ll batten down the hatches for the rest of this corrective move. Much appreciated.

            Mar 27, 2021 27:35 PM

            EX…. just a jigger away…… from getting full… lol

            Mar 28, 2021 28:29 PM

            Just how much single malt will one of those bison horns hold? Not that i’m implying you don’t fill up both.

      Mar 27, 2021 27:04 PM

      Thanks for sharing your insights Glen. I’m not following the comments about people looking at the wrong chart. I believe everyone is looking at the monthly chart, where the consensus has been bearish for some time. I haven’t seen anyone stating things were rosy or that they’ve been bullish in many months now, so I wasn’t following those comments either.

      SilverChartist’s point about the last 7 months downtrend channel being the handle forming on that larger 10 year cup & handle pattern made good sense and seemed fairly straightforward. As for which chart he was looking at it was the monthly, although the cup & handle pattern would still be visible just the same on a 10 year weekly or daily chart as well, so it really wasn’t a question around which chart to use.

      The question I posed to Doc was if the corrective move finished up over the next 4-6 weeks, if it made sense for the rebound to take about the same amount of time to climb it’s way back up 7-8 months, as it did to form the handle on the way down since last August?

      I wasn’t making any proclamations or taking a specific stance on anything on the price chart, so I’m also not following your comments there either. I understand well the consensus view the most hold, including the comments that you, and Doc, and Jordan, etc… have made that there is more weakness to work off in the PMs before the next rally begins, but that the next rally that will begin in a month or two should take gold up to test the prior all time highs.

      That consensus position that most technicians have about more pain to come makes sense to me, and if there are lower prices for longer, then there should be some good opportunities to load up on quality companies at great prices.

        Mar 27, 2021 27:29 PM

        Ex thanks for clarifying!

        Sorry my bad makes sense what your asking. I got off topic.

        Cheers

    Mar 27, 2021 27:49 PM

    This event tomorrow looks pretty interesting…

    Q1 Quarterly Wrap Party – Stock Market Forecast for Gold, Silver, & Copper Stocks, Bitcoin Investing

    Cambridge House International – 03/26/2021

    To wrap up the quarter I am hosting the Q1 Wrap Party on our YouTube Channel on Sunday, March 28. We will be revisiting our forecasts, identifying where we were right, where we were wrong, and adjusting our portfolios accordingly.

    Guests:

    Steven Van Metre | President of Steven Van Metre Financial
    Willem Middelkoop | Founder of the Commodity Discovery Fund
    Warren Gilman | Chairman & CEO of Queen’s Road Capital
    Lyn Alden | Founder of Lyn Alden Investment Strategies
    Daniella Cambone | Editor-at-Large and Anchor at Stansberry Research
    Peter Schiff | CEO of Euro Pacific Capital
    Rick Rule | President and CEO, Sprott US Holdings Inc.
    Frank Curzio | Host of the top business podcast, Wall Street Unplugged
    David Morgan | Founder of The Morgan Report
    Jeff Clarke | Senior Precious Metals Analyst, GoldSilver.com
    And a hand-full more…

    https://youtu.be/gZsYbJjPg44

    Mar 27, 2021 27:50 PM

    I meant ex if we are headed much higher we need a works of hurt now! Some people just don’t get we are head to $3000 plus but to get there we need Robbie crushed now..

    Glen

      Mar 27, 2021 27:17 PM

      I follow you Glen, and understand that is what you were saying, as per my comments up above. It makes sense that for the next big move higher to test the all time highs, that sentiment would have to get down and work off the overbought bullish sentiment that formed at last summer’s high in August. So the downward correction for the last 7-8 months has been instrumental in washing the froth back out of the markets. If you recall, I mentioned last Summer in July and August, that the BPGDM was getting way overbought at a reading of 100 for a few weeks, and that this was likely marking an intermediate term top, and that I was lightening up on the miners in July and August, and that ended up being the correct call.

      As for when things are going to bottom, we are getting much closer to that now, and some other technicians have pointed out, that there isn’t anything yet to prove that the low a few weeks back at $1673 wasn’t the low.

      Doc mentioned we’d see a “bump” higher in March for a few weeks, and that is precisely what we saw. He believes, as you do, and as Jordan does, that we are likely going to head back down from here though into April & May, and may test the lower part of the downtrend channel, so I’m open to that idea, and trimmed back the position sizing in a few of my Gold and Silver stocks last week, to free up a few more funds to capitalize on any further weakness we see, but did do a little buying of a few stocks as well, that had already had meaningful pullbacks of 30-50%.

      BTW – Who is Robbie?

        Mar 27, 2021 27:25 PM

        If you meant Rob McEwen, I’d say MUX has already been crushed, but of course, it could get crushed further, as they’ve had setback after setback the last few years.

          Mar 27, 2021 27:34 PM

          Lol no ex I didn’t mean bob,

          I’m messaging via my phone coming back from a a get together just for if US lol.. as you and many know my typing and English is horrendous lol..

          And thank you and everyone for never raising that issue.

          By the way Matt showed a chart with levels and that 50% retracement is real long knocking on my head.. Matt it wasn’t me you posted it. 😬

          Anyhoo I can’t wait till we are off and running

          Glen

          By the way ex have you dipped into copper works hard or lightly. Copper seems to be on a tear..

          Glen

          Wolf are you around?

            Mar 27, 2021 27:39 PM

            Copper and Nickel…….the next play…. New Green deal…. 🙂

            Mar 27, 2021 27:43 PM

            On March 26, 2021 at 7:27 am,
            OOTB Jerry says:
            EB Tucker is always a good listen …… jmo
            Thanks for the post.

            On March 26, 2021 at 7:54 am,
            OOTB Jerry says:
            THe 18 min mark is a good one…….

            On March 26, 2021 at 8:09 am,
            OOTB Jerry says:
            5 cents and 1 cent………make 6 cent…. the future is in these two elements…
            hummm cooper , nickel …. lol 🙂
            Royalty Flush….. Next Chapter in the KER BOOK… 🙂

            On March 26, 2021 at 8:53 am,
            Excelsior says:
            I agree OOTB. For some reason E.B. Tucker always cracks me up in his interviews.

            At one point in his rant he looked to the audience and said, “If you think that’s crazy, then you’re crazy.” Hilarious!

            Mar 27, 2021 27:56 PM

            I agree Glen, and will happy as well when we are off and running, but while the metals are correcting, along with the miners, it gives folks one more chance to look for deals over the next month or two in the companies they like best, and get another good whack at the piñata before the PM sector takes back off later in the year.

            As for the Copper stocks, I added a number of positions last year and earlier this year like:

            Sierra Metals Inc
            Excelsior Mining
            Wester Copper & Gold
            Filo Mining
            Atico Mining Corp
            Triumph Gold
            Kodiak Copper Corp
            Granite Creek Copper
            Dore Copper
            QC Copper & Gold

            However, over a month back when Matthew posted a few charts about Copper and Copper stocks potentially peaking out in the short term, and Doc echoed that perspective, then I decided to lighten the load a bit.

            In late February I sold both Atico and QC Copper & Gold, and in early March I sold Filo Mining, and trimmed back Western Copper & Gold, Sierra Metals, Triumph, and Kodiak. I did add Excelsior Mining 2 weeks ago, and it has pulled back a little, so I should have waited a bit longer.

            I’m still very constructive on the red metal for the longer term inflation narrative and believe this time, Dr Copper will take out it’s all time highs near $4.50, and have a $5 handle by the end of the year. Short-term though, I feel the risk/reward setup is more attractive in the Gold and Silver stocks, and I’m letting the copper stocks cool back off before I allocate more capital to them.

            Mar 27, 2021 27:32 PM

            Ex thank you for sharing those copper companies.. inknow with you they are solid and I say that strongly. Matt if you want to chime in as well as doc and wolf and others I’m all ears with copper companies. I think copper is going we’re ex says and silently.

            I’m trying to venture into different asset classes. I’ve always been strictly gold then Matt got me into silver now I really want to nibble more on copper and wolfs favourite pot..

            I know I’m going to take a hurting hear but honestly speaking Bitcoin is going to be around forever sometime your thoughts? More specifically ex doc Matthew and all the boys, if playing that game what is the best avenue for it..

            Glen

            Mar 27, 2021 27:51 PM

            Another good way to play the Copper stocks is just to use the (COPX) ETF. It has had a very nice run for over a year, so if one doesn’t want the individual stock risk, then COPX is great way to get exposure to the sector in in one’s portfolio.

            https://schrts.co/fnpVepIR

            Mar 27, 2021 27:59 PM

            As for the movement in Bitcoin, I did well last fall picking up (GBTC) Grayscale Bitcoin Trust, and selling it in January for close to a triple. GBTC holds a substantial treasury of 654,885 Bitcoins, and allows one to trade exposure to Bitcoin, without actually purchasing them directly and doing the whole digital wallet thing.

            Another way to play the sector is to pick up shares in the Bitcoin miners, who generate new Bitcoins or other altcoins like Ethereum, Litecoin, etc… when they do the proof of work mathematical algos to verify transactions on the blockchain.

            A few of the Crypto miners that stand out are Riot Blockchain, Voyager Digital, Hut 8 Mining, Hive Blockchain, Argo Blockchain, Cypherpunk Holdings, Bitfarms, Fortress Technologies, and Bigg Digital Assets.

            Mar 27, 2021 27:18 PM

            One more thought on a Copper stock of note. Equinox spun out it’s copper assets into Solaris Resources, and they hold the basket of projects that renown geologist David Lowell had assembled. Well, (SLS) Solaris has been on one heck of a run higher, like many of the copper stocks, but just hit one of the longest copper intercepts many have seen in years.

            Check out this nearly 1,000 meter Copper hit of close to 1% Cu eq.

            __________________________________________________________

            (SLS) (SLSSF) Solaris Reports 922m of 0.94% CuEq From Surface in Continued Expansion of Warintza Central

            by @newswire on 22 Mar 2021

            https://ceo.ca/@newswire/solaris-reports-922m-of-094-cueq-from-surface-in

          Mar 27, 2021 27:44 PM

          I listened to McEwen at the end of 2020 and he felt MUX should be cash flow positive for 2021. Regardless, I’m happy to have sold when we had the spike the last time and am now waiting for it to dip below $1.00 so I can purchase back what I sold at a much lower cost basis then before. In fact, I also sold AAU for a nice profit and am now getting ready to purchase it back at a much lower level again.

            Mar 27, 2021 27:01 PM

            Doc – Yeah I hear ya with MUX and the Robspectations, but McEwen mining has had problems at almost every mine in their portfolio for the last 2 years, so it is getting tiresome. I trimmed a little during the pop on that SilverSurge day, but now I wished I had just sold it all. At least the position size got reduced down, and at this point, I’m just holding that core position, because once the metals do take off later in the year, even turkeys will fly. Besides, MUX may eventually play catch up to it’s peer Gold/Silver producers and actually outperform as they’ll go from completely unloved, to improving margins, and that may have a dramatic affect upward on their stock. We’ll see how it goes, but I’m not expecting anything stellar until after Q2 number are reported (likely in August). Until then, “the beatings will continue until morale improves.”

            Mar 27, 2021 27:16 PM

            SilverSurge = #SilverSqueeze.

            When many of those dual listed stocks popped that day (like MUX, AUMN, SILV, EXN, etc…) I lighted up on some of them, but in retrospect now wish I had closed out positions entirely.

            However, at the time, nobody was quite sure just how much irrational exuberance we’d end up seeing from the SilverSqueeze “movement”, so I wanted to see how much higher some of the stocks may get. I should have known better and it was actually a bell-ringing, at a smaller cycle top.

    Ann
    Mar 27, 2021 27:19 PM

    Doc. Are you starting to like USA at Friday’s close of $2.63 cdn.? I noted a week or two ago you were hoping more approx. $2.00 usd.

      Mar 27, 2021 27:36 PM

      Ann,

      Whats a solid company that is USA! I remember a few years back maybe 1-2 Matt brought it to my attention. If I traded US dollars I would be in that in a heart best. Everyone knows I’m all cad.

      All the best Ann

        Ann
        Mar 27, 2021 27:59 PM

        Hey Glen…Thanks for the comment. I also don’t trade in US dollars.Only Canadian dollars.I am not buying anything at the moment… impatiently waiting lol. But USA does trade on TO.

          Mar 27, 2021 27:07 PM

          I blew out most of my shares in USAS 2 weeks back after I read this article that Wolfster had posted. I don’t like how things are developing at their San Rafael mine w/ the government of Mexico versus the management at Americas Gold and Silver.

          It’s a shame really, because USAS is a company I’ve held since late 2015/early 2016 in various sizes, and traded partial positions dozens and dozens of times around the core position. I had gone in heavier over the last 2+ years, waiting for the turnaround, but until this situation in Mexico is resolved, I don’t like the potential of the Mexican government putting a kibosh on the San Rafael mine if they don’t jump the correct hoops to please the bureaucrats. If they get things resolved where all parties are done tugging on one another, and if they can get their Relief Canyon gold mine operated as planned with better results then I may get back in USAS down the road. Right now there are plenty of other producers getting it done right, so I shifted the funds from Americas Gold & Silver over into starting positions in Equinox, Caliber, and Wesdome.
          _______________________________

          Mexican president pressures Canadian miner over union dispute

          By Reuters Staff – March 17, 2021

          “Mexico could revoke a concession held by Canadian miner Americas Gold and Silver Corp in northern Mexico if it does not accept its new trade union representation there, President Andres Manuel Lopez Obrador said on Wednesday.”

          “Speaking at a regular news conference, Lopez Obrador said he would direct his foreign minister to speak to Canadian officials about the dispute playing out at Toronto-based Americas Gold and Silver’s San Rafael mine, located in Sinaloa state.”

          “Lopez Obrador, a frequent critic of the mining sector’s footprint in Mexico, said the company had rejected the outcome of a vote by workers at the mine to put labor representation under the control of a national miners trade union led by a close ally of his who also serves as a ruling party senator.”

          “Americas Gold and Silver needed to honor the result or it would be failing to uphold Mexico’s labor laws, Lopez Obrador said.”

          https://www.reuters.com/article/us-mexico-canada-mining/mexican-president-pressures-canadian-miner-over-union-dispute-idUSKBN2B92SE

        Mar 27, 2021 27:15 PM

        Glen, I sold it again quite awhile ago and probably will not be buying it back. Of course I could change my mind but it won’t be soon. I wouldn’t be surprised if it hits 1.80 (US) or even the 1.50s if the metals don’t do much.

          Ann
          Mar 27, 2021 27:17 PM

          Thank you Matt

    Ann
    Mar 27, 2021 27:16 PM

    Thanks Ex. I held off buying USA after reading the article.So.. Thx. Wolfster !!!

      Mar 28, 2021 28:03 AM

      Sure Ann, and yes, thanks to Wolfster for bringing that to our attention here on the KER blog. It was greatly appreciated, as I’d been waiting for an update on that blockade and some of the issues with the local jurisdiction in Mexico, and when I saw how the government was pressuring them with their labor union bs, and how upset USA was with this process, I figured it was getting a bit too risky for my tastes, and I don’t want to wake up one morning and find out something bad happened.

      Again, I hope that they can get everything sorted out and let cooler heads prevail in Mexico, and it would be great if in Nevada they could get Relief Canyon operating as initially projected, as it could be a really powerhouse asset. So far this team has fumbled the ball on it a few times though. At least in Idaho, the money Sprott put in for the roughly 40% stake in Galena is moving forward, so that is constructive.

      Really, it is great opportunity for surprises in USAS, but those could be on the positive or negative, and with so much uncertainty in the miners lately anyway, and with so many quality companies also on sale, my personal comfort level was in rotating funds out of it and into 3 companies I felt were doing all the right actions (Equinox, Caliber, Wesdome), and yet still had seen big drawdowns in share-price during the PM correction. If we get lower prices in the PMs, I’ll continue to add to those, along with many others, and if Americas Gold and Silver gets some of the looming issues resolved, then I’ll be happy to buy it back.

      It also stands to reason, that everyone should make up their own minds and do their own due diligence and assess their own risk/reward preferences on any stock. My goal in sharing comments isn’t to discourage people from investing in a company or encouraging people to invest in anything, as I’m only sharing my own person opinions and what I’m doing with my personal capital.
      >> Part of the value of a forum of ideas is just sharing insights and perspectives with one another, and I certainly value everyone else’s thoughts on different companies or sectors strengths, weaknesses, opportunities, and threats.

      It should also be pointed out, that when there is more uncertainty, or as Rick Rule always says, “when there is an unanswered question,” then the valuation on a company can present it’s best buying entry point, for those willing to take on that risk. So from that standpoint, for those willing to jump into Americas Gold & Silver here, betting on them getting the issues in Mexico at San Rafael resolved, betting on them optimizing and improving the performance at Relief Canyon, and also banking on them continuing to make headway at Galena, then it could very well be the ideal time to stock up on USA / USAS.

      I love a good turn around story as much as anyone else, and that is precisely why I’d been so heavily positioned in Americas Gold and Silver, and am still rooting for their success, and for investors success. It’s just more risk than I want to take on at present, and I got nervous that Mexico may make an example out of them, just to stick it to a rebelling foreign mining company. This may be just worrying too much on my end, but I’ve learned to be more skeptical and cautious, and if I miss an opportunity because of it, then I’m OK with that, as there is always another train leaving the station.

      Once bitten, twice shy as they say…. I’ve had bad experiences in the past betting on turnarounds at Primero, Red Eagle, Sage Gold, and those ended up being some of the larger losses I’ve had to endure. Not to mention, my portfolio already has turnaround positions in both McEwen Mining and Superior Gold, as well as more turning around positions in Galiano Gold, Endeavour Silver, and Santacruz Silver, in addition to all the risk inherent to other exploration and development stocks. In the current PM slump, I don’t see the point in maintaining so much risk, when there are quality producers, with excellent metrics, winning teams, and fantastic projects that are currently on clearance sale. Some of the quality mid-tier producers may not have quite as much upside as a turn-around story or an exploration discovery, but they’ll still offer good leverage to rising metals prices, and rest easier knowing they are well run businesses.

      That’s just my personal perspective, and may be too conservative of an approach for some. If I was a bit more adventurous, or didn’t have so many other variables on the other high risk positions in my portfolio, then I’d probably be adding more to USAS into the current uncertainty. Some investors may make a fortune doing just that and buying when a stock is most unloved, IF it can pull out of the present tailspin and start flying higher again.

      Ever Upward.

        Mar 28, 2021 28:49 AM

        Great points ex!

        Dt is that you with the new name 😜

          Mar 28, 2021 28:52 PM

          Thanks Glen.

    Mar 28, 2021 28:35 AM

    Good points Ex and Matthew

    Mar 28, 2021 28:07 AM

    Matthew,

    In regards to the above response to me, it’s well noted. Your correct. That 2008 was a deep correction as is this one. Fact is it can really turn anytime. The reason I keep saying we are extremely close.

    Thanks to you and ex for the insight on USA. Ann yes you are correct I completely forgot USA trades .to

    Change of topic. This question is for everyone matt doc ex everyone out there. Just so I get a good perspective of things when we do move in both gold and silver when many of you say silver is going to outperform can you explain that In regards to percentages with the miners in silver bs gold. Are we talk like 2x 3x 4x more move I’m price shares to gold. I understand that you can’t look a things from that angle but I’m asking more in regards to the norm or overall average.

    It has me wondering if I should up more of my silver and get more in line with my gold.

    Thanks

      Mar 28, 2021 28:11 AM

      Hi Glen. Sure, always glad to share ideas.

      To address your question above. You wrote:

      “when many of you say silver is going to outperform can you explain that In regards to percentages with the miners in silver vs gold. Are we talk like 2x 3x 4x more move I’m price shares to gold?”

      Historically Silver will move about 1.5x – 2x times Gold on big surges higher, and it will be much easier for Silver to double in value in the next few years than for Gold to double. From the extremes in the Silver:Gold ratio last year we saw it move from 127 ounces of Silver per 1 ounce of Gold to about 65:1 recently, so that was about a 2:1 ratio in Silver’s outperformance. In the very near term, Gold has a little catching up to do with Silver again, but in the longer term bull market, Silver should continue to outperform.

      Now, more importantly, as it relates to the mining stocks, typically the Jr Silver stocks have the best performance of the whole group, but along with that comes the most volatility, and the corresponding outperformance to the downside as well.

      For example, in 2016 many of my higher torque gold stocks went up 2x-5x, but in contrast the Silver stocks smoked them going up 5x – 10x. Stocks like First Majestic, Alexco, Brixton, Impact, Orex, Silvercrest, Excellon, Americas Gold & Silver, etc… soared in comparison to the gold stocks, but ironically, many wouldn’t touch them at the end of 2015 or beginning of 2016 when we joked on here about “holding our noses and buying more Silver stocks.”

      During other strong rallies like in 2009 – 2011, or late 2018- mid 2020, the same pattern would play out with Silver stocks outperforming by a factor of 2 or even 3 the gold stocks. This is why many of us and many other analysts have said for years now that if people are bullish on Gold and Gold stocks, then they should be even more bullish on Silver and Silver stocks, because once the bull market really starts to stretch it’s legs, Silver will switch from lagging to outperforming. Despite this reality, most investors still are leery of Silver stocks, and prefer going with the Gold stocks instead, but it defies logic, and seems more based on sentiment, comfort, and emotion from most traders. Why wouldn’t you want to be in the stocks that are going to have the better performance?

      As a result, I weight the Silver stocks in my portfolio much heavier than the Gold stocks, but adjust this at different periods of time. Recently, some of the mid-tier gold producers and royalty companies had pulled down to such levels, that it seemed wise to position in a few more of them for the longer term value investing, but that is also because I’ve spent 5 years getting solid positions in about 2 dozens Silver stocks, (so I’m positioned well for any future moves in the PM miners).

      _____________________________________

      Let’s just look at the last year as yet another example, and just use the ETFs. The Junior Silver mining ETF (SILJ) has consistently outperformed the larger Silver miners in (SIL), and both the Silver mining ETFs have trounced the returns in the Gold Jrs via (GDXJ), and Gold Srs in (GDX). We saw in the 8 month 2016 surge, from late 2018 to mid 2020, and even if we look back over the last year to present.

      Here is a 1 year performance chart of the 4 principal Gold & Silver ETFs and it is easy to see that the Silver Jrs outperformed the rest of the pack. When we have the next major move higher in PMs, I’d expect to see this same pattern play out again.

      https://stockcharts.com/freecharts/perf.php?GDX,GDXJ,SIL,SILJ&p=5&O=011000

        Mar 28, 2021 28:20 PM

        Ex thank you for your time and explicit response! It was very well out together and a great learning piece for many investors..

        👍😉

          Mar 28, 2021 28:22 PM

          Out=Put

          Mar 28, 2021 28:57 PM

          Sure thing. Glad to share ideas with you and the good folks at the KER.

      Mar 28, 2021 28:34 AM

      Glen, as usual, the junior silvers tend to be the best performers. From the March 2020 lows to the summer highs, here’s some performance examples:
      GDX: 184%
      SIL: 230%
      SILJ: 255%
      ISVLF: 535% (IPT.V: 468%)

      However, the gold miners have risen significantly versus the silver miners over the last month and I expect that to continue for awhile. Here’s NEM vs SILJ, for example:
      https://stockcharts.com/h-sc/ui?s=NEM%3ASILJ&p=W&yr=2&mn=7&dy=0&id=p76049101615

      As the weekly RSI, MACD, etc, show, this is the best/most compelling move up in that ratio in over a year. I do not think it will spike as it did back then but it does appear to have plenty of upside left. Of course, $silver can turn quickly and cause silver stocks to more than hold their own versus the gold stocks.

        Mar 28, 2021 28:44 AM

        SIL vs GDX went on a MACD sell signal last week and SILJ vs GDX confirmed that action with a MACD sell signal for the week that just ended. So, it’s safe to say that silver stocks face some headwinds for now when compared to the gold stocks. I talked-up big golds a month ago just as they bottomed vs silver stocks (and currencies) for this reason.
        https://stockcharts.com/h-sc/ui?s=SIL%3AGDX&p=W&yr=2&mn=3&dy=0&id=p93484964406

          Mar 28, 2021 28:44 AM

          Like the senior golds, my Galleon gold also bottomed about a month ago.
          https://stockcharts.com/h-sc/ui?s=GGO.V&p=W&yr=2&mn=3&dy=0&id=p23179706318&a=891907838

          Mar 28, 2021 28:57 AM

          Agreed Matthew. Over the last few weeks, the Gold producers have offered a more compelling value proposition than the Silver stocks, and I’ve done a lot of fortifying to the gold stocks I had in place, and added a few new gold producers and developers while they were on sale. Short term the gold stocks look like they have some room to catch up to the Silver stocks, by the golds rising more relative to silvers, or by the silvers falling harder versus golds, which is entirely possible if many believe Silver is headed down to $22-$23.

      Mar 28, 2021 28:17 AM

      Thanks for that post OOTB, and yes, that is big news.

      Like we discussed earlier this week, the PetroDollar’s days are limited, and it is part of the old legacy system. The East is done having the West dictate how commodities as important as Oil will trade or get paid. We’ll likely see more of these kinds of deals announced at things progress.

        Mar 28, 2021 28:33 PM

        I am always on the look out for those “conspiracy theory”…angles…. lol…
        No comic books crap here… lol

          Mar 28, 2021 28:36 PM

          Just seeing if, any characters are awake… 🙂 I had a great sleep the other night… 🙂

    b
    Mar 28, 2021 28:51 AM

    Wall Street banks ditch $19 billion of stocks in ‘unprecedented’ block trade selloff – media

    https://www.rt.com/business/519419-wall-street-banks-block-trades/

    b
    Mar 28, 2021 28:53 AM

    China’s new partnership with Iran is not a full alliance, but enough to undermine US sanctions & rock global status quo

    https://www.rt.com/op-ed/519429-iran-china-partnership-deal/

    Mar 28, 2021 28:10 PM

    The Petro dollars days are numbered however that might be good for gold. On the other hand it’s good for a world war that will be fought right here on American soil. No, we’re not going to be sitting down on the couch watching the TV and eating popcorn while everyone else experiences major loss of life and destruction. In fact, there’s a major possibility of more damage here than anywhere else and loss of life. Our enemies are not going to want to see us ever come back and that’s the real risk here of a annihilation of America. When they hit this nation it’s going to be power packed with nothing but lethal weapons devastating this whole nation everything will be burning. It’s guaranteed, because they’re not going to want to take any chances. This nation will be nothing but ashes, rubble and a gigantic boneyard.

    Just look who’s presiding over the US military as chief and commanding officer. They may not want to let this opportunity go to waste and pass them by.

      Mar 28, 2021 28:31 PM

      HG…….You are spot on……..”dollars days are numbered however that might be good for gold.”……..It, sure will not be BITCON……

      Mar 28, 2021 28:02 PM

      What happened to the concept of “Mutual Assured Destruction”. Sounds like it is assumed that the US is incapable of defense. I don’ think the enemy, whoever they might be, can assume there would not be retribution from the US that puts not only the Enemy’s safety, but possibly the human race. Even idiot dictators consider mutual destruction.

        Mar 28, 2021 28:22 PM

        David, I appreciate your information regarding mutual assured destruction and that has been around a very long time. So now you’re trying to insinuate that because of the mutual assured destruction that war is the thing of the past. Sorry, but you’re judgment is greatly misplaced regarding this because accidents do happen and things can be triggered and all hell could break loose at any moment we have enemies even infiltrating the Pentagon never mind the political system and the financial system. The US dollar is defended by our military and our strength and that is being compromised as the days go by especially look who’s in office for Chief and Commanding officer of our US military put your thinking cap on read my comments. There’s going to be a real physical war and America is going to be terminated there’s no doubt in my mind so you can decide what you want to think and everyone else for that matter doesn’t affect me whatsoever.

          Mar 28, 2021 28:40 PM

          Not assuming anything. Just responding to your comments that America is defenseless and they are not. Aggressor nations cannot assume a preemptive attack will not be met with mutually oriented destructive force. That is why war is not only massively stupid, but is often the last alternative against another power…particularly a power suffering economically. Diplomacy or cyber options seem the preferred option these days as the risks are less and the objectives easier to attain. Fear is not all it is cracked up to be and somewhat antiquated.

            Mar 28, 2021 28:58 PM

            David, you’re right although war is in the cards and to assume it’s not is very unwise and judgment is very misplaced there so I’ll leave it right there to say there’s never going to be a war is just ridiculous. So that’s what you want to believe and I believe there’s going to be a war and it’s heating up right now and history proves this mankind is destructive.

            There’s just as much chances of a war right now than saying there’s not going to be a war that’s what’s ludicrous in all this you just trying to find every excuse to be optimistic about a world that’s on a slippery slope to total destruction annihilation.

            Mar 28, 2021 28:21 PM

            HG:
            The goal post keeps moving in your arguments. I will wait until we get back to talking stocks as you talk in diversionary vagueness.

            Mar 28, 2021 28:42 PM

            David, you’ve been sent a strong delusion that you would believe a lie if you believe there’s never going to be another physical war so believe what you want there’s nothing else to discuss here David. All the best in your fabrication of believing that in some kind of fantasy that’s never going to be another war. How you’ve been deceived, you really have.

            Whatever you want to believe David has no effect on me whatsoever I’m just pointing out the condition of this nation you’ve read all my comments and you have everything.

            Mar 28, 2021 28:02 PM

            Argh:
            Can’t discuss something if you project false arguments and don’t read. I have said nothing more than the US is not defenseless and war is stupid. All the rest is your projection and diversion.
            Maybe this will help: “The US is not defenseless and war is stupid”. Maybe the quotes will direct a redirect.

            Mar 28, 2021 28:14 PM

            David, thank you however we all know that the US is not defenseless how can anybody ever think that. Maybe you’re not aware of this but our military being compromised greatly because of this economic collapse that we’re in and everything is being supported on government issuing more debt to the people. If you count this as fear, then you’re not understanding this. I’m not going to remain ignorant because somebody wants to tell me there’s never going to be a war and however you want to plan for it is up to you.

            Now you’re trying to hold yourself out as some military analyst that understands all the moving parts and all the military ramifications. You’re just assuming and projecting everything and that’s very ignorant of you so I I don’t have any time for this discussion any longer. Because you’re trying to be held out of some expert that there’s not going to be another war ever. It’s going to mutate in a whole another direction according to you.

            I didn’t know you were a military expert and analyst. Discussion closed, you’re right.

            Mar 28, 2021 28:29 PM

            Apparently you want to argue both sides but provide the only input as you perceive. Facts and truth are irrelevant.

            Mar 28, 2021 28:41 PM

            David, thanks for the offer however you rested the case and I filed it in you know where.

          Mar 28, 2021 28:28 PM

          I rest my case…

            Mar 28, 2021 28:38 PM

            Thanks david, I filed it you know where long before you rested the case.

    Mar 28, 2021 28:40 PM

    OOTB Jerry, Bitcoin is predicated and based on if the power grid isn’t interrupted or Internet services. Matthew posted some information regarding MET. This was a while back. The toxic policies regarding our power grid have created a lethal weapon against society because our whole society functions on digital dollars and computers and if they’re not operating the game is over. Especially for those cryptocurrency and fake asset holders. They will crash and burn instantly to a big fat zero.

    Gold has his own headwinds however it’s not fake.

      Mar 28, 2021 28:51 PM

      Gold has had it’s head winds since 1930…., might even say before that.
      Maybe even Roman times….just depending on when one likes to decide
      where to start.
      Gold is not going to be replaced anytime soon…….Russia and China are holding a Hoard.
      The Americans are just to stupid to see what is going on.

        Mar 28, 2021 28:02 PM

        OOTB Jerry, I agree, gold has had its headwinds for a very long time now. Still, getting too exuberant and optimistic is not the right action here. One day they’re going to say you can’t purchase or work without using our digital dollars and cash will be eliminated and gold will be a bugaboo so you’re just making assumptions right now that gold always going to do this and that and the other we don’t know if you can even own it with what they’re coming down with nowadays.

        Most likely true as I stated in my other comments America looks like it’s going to be destroyed and who’s going to be left to enjoy the benefits of a higher gold price I would like to know maybe you can explain that to me everyone out there who’s going to be here ?

        Just look who the chief and commanding officer is of our military it’s disgusting and it’s a complete tragedy and catastrophe waiting to happen. Not only that, he wants war you guys don’t get this he wants war !!

        Where is the critical thinking in here, it’s not existent. That’s what a sheeple is. Everyone is banning together with the same train of thought and nobody’s looking the other way.

          Mar 28, 2021 28:06 PM

          Man you type FAST……… 🙂 You sure you were not a secretary in your former life.. 🙂

            Mar 28, 2021 28:39 PM

            Critical thinking……..is GOTS………..
            I have been out of the system since 1988……

            Mar 28, 2021 28:04 PM

            OOTB Jerry, we still had a system in 1988. You missed out. It’s too bad Jerry that you’re still operating in the dark.

            Mar 28, 2021 28:13 PM

            Debt free…….thank you….. and made millions along the way….
            You are still way behind, concerning me…

            Mar 28, 2021 28:17 PM

            Operating in the Dark…….Is not knowing Jesus Christ as your savior….

            Mar 28, 2021 28:33 PM

            OOTB Jerry, you need to learn how to communicate because you said that you’re out of the system. You pay cash for everything and you have no bank account. That’s being out of the system. All you had to say that everything’s been paid for and I’ve had no debt and I haven’t been throwing my money away. That’s not out of the system, your completely discombogulated there.

            And regarding the other comment that’s if you’re small remnant. Actions speak louder than words and your actions are very far from it.

            Mar 28, 2021 28:40 PM

            That is correct……read between the lines….
            You do not know what you are talking about….concerning small “r”

            Mar 28, 2021 28:41 PM

            Well Matthew…….got you peg………..HH…….. 🙂
            We thought as much….But, I thought you were Tweety….NOW we know… LOL

            Mar 28, 2021 28:26 PM

            Jerry your a rascow lol all in good fun.. if it were not for you this would be a very dry forum. Aside from the charm and laughter you bring it does not denounce you from the smart guy you are!

            Now please make up with dt he went hiding 🙂

            You said the more the better

            Glen 😃👍🤔😉

            Mar 28, 2021 28:32 PM

            Holy and david,

            Let’s fine peace and resolution it seems lately everyone is on edge.. first me and ex all good then Jerry and dt now you fine folks…

            Matt also gets into his battles even goes at his long time friend and student 😜🤔😉😀

            Just kidding Matt…

            Tensions are high and thats what reading does. We are good folks in here..

            Make up and just appreciate each other and most importantly something I’m trying to learn is respect each other.

            I’m going to add a little something to my speech tonight.. this goes directly to Matthew ex and everyone else.. I know I come across strong sometimes it’s just my nature I’m not here to offend anyone but just like you both and even doc we all have personalities that are strong it is what it is. But my point is I never mean to truly offend as I respect you all and have learned from you all. Lately I have conviction that’s just me and thank you for understanding me and sometimes I come out blazing lol and just know that it may be emotions or a scotch lol but at the end I’m glad we can all sit down and appreciate this bull market that still has legs.

            I will continue to share right or wrong and it’s never directed at anyone just challenging my own self.. I hope it’s value to you guys because if it’s not then there really is something in lacking..

            Cheers

            Glen

            Mar 28, 2021 28:01 PM

            GLen…..that was very thoughtful ………and giving…..JMO

            Mar 28, 2021 28:22 PM

            Glen………thanks for all the positive feed back……….appreciate it very much….
            Matthew……thank for explaining the details……..to HH…or GH….
            Irish……..thanks for always being there……
            You to Ex…thanks…
            Nite…

            Mar 28, 2021 28:57 PM

            OOTB Jerry, you stated “” that I don’t know what I’m talking about. “”

            No explanation and no courtesy. You know what tares are.

            FAKE is the mass majority.

            Remnant is the very few

            I’m just reiterating this because we have a lot of lost balls in high weeds as you would say.
            Peace to you and hopefully no hard feelings because I don’t have any. This is the right action. I don’t need any help in here at all I can defend the truth. However, what’s right is right and what’s wrong is wrong we all know the right way. That’s why it’s only the remnant. Few.

            Mar 28, 2021 28:09 PM

            Good comments and feedback Glen & OOTB. Thanks for all your contributions.

            Mar 29, 2021 29:00 AM

            HH or GH……Since, this is a mining information section (Cory’s Section),and not to disrupt the mining info. with scripture and bible studies,
            I think we, went over the “r”…..and who they are…..Years ago.
            So, that is why , I did not continue the conversation.
            If, you want to talk about this…..I think we need to discuss it at the
            Political section…..where OWL, has requested, thus, the Separation of
            the TWO SECTIONS,….Political and Cory’s mining section.

            Mar 29, 2021 29:08 AM

            On March 27, 2021 at 7:16 am,
            OOTB Jerry says:
            Just PRESS ON THE POLITICAL BANNER above…..the red , white and blue one , that will open up the other section, …the two sights are now separated ..

            Reply to this comment
            On March 27, 2021 at 7:17 am,
            OOTB Jerry says:
            sites, not sights….

            Reply to this comment
            On March 27, 2021 at 8:35 am,
            Big Al says:
            Yes they are and this is by design. Actually my design

            Mar 29, 2021 29:33 AM

            Very simple

            ✓Everyone 98% fake = tares|very few saved = remnant doers

            ✌️

            Mar 29, 2021 29:04 AM

            For you Jerry …btw……everyone 98% are fake tares = *wolves

            *Should have been in the post above and I left it out.

    Mar 28, 2021 28:52 PM

    One reason why I never get excited about cryptocurrencies or Bitcoin because it’s all based on our power grid and that’s really getting shaky if you do any research on it like I said Matthew did and it’s called MET according to him.

    I’m not a fan of any of these assets I don’t care how much they’re worth they could go to zero overnight and I believe that’s what’s going to happen society is being set up for this devastating event. There’s no doubt in my mind. Although, who knows we could have cryptocurrencies connected to dog duty and they’d be worth billions. There’s no doubt this is going to come undone and it’s going to be the worst economic crash in the history of the world. Gold will still be standing though because it’s real.

    I don’t want to be faked out !!! I don’t care how much Bitcoin is worth. One day it’ll come to pass it will be worthless I don’t know when that day comes but it is going to come.

      Mar 28, 2021 28:01 PM

      HG………Valid reason….”Bitcoin because it’s all based on our power grid”
      If, the Chinese decide to shut of the electric…. BiTCON, is not going to do
      anyone any good…. Gold is good anytime.. lol …Great Insurance….

        Mar 28, 2021 28:05 PM

        OOTB Jerry, you need to do some more critical thinking Jerry. Gold does not hold all the answers and you’re saying that’s basically a fact that gold holds all the answers.

        Will you be left standing through all the turmoil ? Critical thinking skills here because everyone’s on the same page and nobody’s thinking anything else but pie in the sky it’s not pie in the sky.

          Mar 28, 2021 28:07 PM

          Critical thinking…….is all I do……. 🙂

            Mar 28, 2021 28:14 PM

            Not critical enough jerry, you’re too much of the status quo especially when it comes to beating the drum for gold and prosperity it’s not working out and it’s not going to work out with what’s coming down in this society.

            Mar 28, 2021 28:21 PM

            Good grief…….
            You have not been around here long enough to know what I have and
            what I do not have,
            I did not say gold was the EVERYTHING….

            Mar 28, 2021 28:30 PM

            HG, you’re assuming too much about Jerry and gold bulls in general. Gold is money and fiat currency is not. Therefore, gold WILL keep rising in value as the Ponzi scheme financial system continues to destroy the value of the “I owe you nothings” emitted by the central banks. It’s that simple and recognition of that fact does not imply that any of us are seeing the world through rose-colored glasses.
            Having money and keeping it is more important now than ever precisely because of all the other risks that you’re so worried about.
            Money isn’t everything but it can sure feel like it is if you don’t have any. Financial freedom is a critical component of your general freedom.

            Mar 28, 2021 28:30 PM

            OOTB Jerry, you said gold was insurance and you keep pitching gold till hell probably freezes over, who knows. Yes, gold is insurance against currency devaluations but you need to be more specific in your comments because you’re all too vague and then you get buried in this trap that you’re in right now. You’ve been demonstrating to me that everything’s going to be great if gold skyrockets on this blog with most of your comments and society is in shambles it doesn’t matter to you what happens gold is going to be the answer and that’s exactly what is transpiring here. We both agree regarding gold but I keep it in perspective and it’s not the ultimate lifeboat in any regard whatsoever read my comments. The question is, are you going to be enjoying gold if you’re not left standing ? Where will you be. Society is about to go into complete shambles and that’s not going to be an environment to be enjoying gold.

            Mar 28, 2021 28:38 PM

            Matthew, I’m sorry however I’m not assuming anything about Jerry. We can disagree, and that’s fine but gold is not the ultimate hedge against anything. Gold bulls are pitching the fact that currency devaluation yes I agree and you’re more or less wishing for something that you should be very careful not to wish for because I’ve outlined that in my comments so I’m not going to go back over that but those are the perils and we’ll have to all deal with them.

            The bottom line, will any of us be left standing to enjoy gold appreciation during all the catastrophes and turmoil the society faces right now. That’s what I’m trying to communicate.

            That’s all I’m saying so just drop it because this analysis that I put forward is quite real with what’s going on right now and you can take it any way you want.

            Mar 28, 2021 28:55 PM

            DT, very good point and there’s lots of perils out there that people are just remaining ignorant and the only particular reason why they want to remain ignorant because they have these pipe filled dreams that can’t be eliminated from their perverted minds. They claim that everyone else is a sheeple however they’re more of the status quo than anyone.

            Thanks for your valuable information regarding the auto market and it’s very real. America is soon to be a nation of the past and China is definitely taking over and Americans are still left in their dream filled fabricated world that’s contained in their own perverted mind.

            Mar 28, 2021 28:09 PM

            HG
            I missed your suggestion about the alternative to PMs. However, see my comments above concerning Mutual Assured Destruction.

            Mar 28, 2021 28:21 PM

            HG, I’ll drop it when I want to and you are wrong. Gold is the ultimate and most direct inflation hedge (inflation being an increase in the currency supply) and has thoroughly proven that. It is also the ultimate asset in world history and remains so. You clearly don’t understand it.
            Like countless others, I bet on what’s going to happen, not on what I “wish” will happen as you again wrongly assume. In fact, due to your tendency to assume and be fearful, I have to wonder if you’re related to a funny guy who used to comment here under the name Heavy Hitter.

            You’re welcome to drop it if you wish. 😉

            Mar 28, 2021 28:45 PM

            Matthew, real estate and stocks of outpaced gold as an inflation hedge by far you’re living in a make believe world. There’s no comparison goodbye Matthew.

            Also, can you enjoy gold appreciation when you’re not here to enjoy it ? He just don’t get it do you. That’s fine like I said it doesn’t affect me whatsoever so you can call me whatever you want call me a clown it doesn’t bother me I live by the truth your accusations and all your false defenses in demoralization and name calling is just proof you’re just a low caliber degenerate.

            Mar 28, 2021 28:04 PM

            HG:
            Re: “real estate and stocks of outpaced gold as an inflation hedge by far you’re living in a make believe world.”

            No kidding Sherlock. Countless things have outperformed gold and you just proved beyond any doubt that I was right. You do not understand gold at all.

            Enjoy your high caliber ignorance.

            Mar 28, 2021 28:29 PM

            Matthew, here’s your comment below genius. You stated gold is the “”ultimate “‘hedge.

            Ultimate meaning: is the best achievable and imaginable of its kind… number one, nothing better.

            And you said in the last post above and admitted it here’s what you said:

            No kidding Sherlock. Countless things have outperformed gold and you just proved beyond any doubt that I was right. You do not understand gold at all.

            Enjoy your high caliber ignorance.

            On March 28, 2021 at 2:21 pm,
            Matthew says:
            HG, I’ll drop it when I want to and you are wrong. Gold is the ultimate and most direct inflation hedge (inflation being an increase in the currency supply) and has thoroughly proven that. It is also the ultimate asset in world history and remains so. You clearly don’t understand it

            GOOD NIGHT MATTHEW SWEET DREAMS THIS IS REALLY A MALICIOUS ATTACK AGAINST ME UNBELIEVABLE. I proved you to be a fraud.

            Mar 28, 2021 28:39 PM

            HG, I know very well what my comment was and you’ve accomplished nothing by repeating except to further prove that you don’t know what you are talking about.
            Gains by themselves have little to do with what makes gold the ultimate inflation hedge and the ultimate asset. Are you a cave-dweller? You really ought to know that there are other more important factors to consider.

            Mar 28, 2021 28:55 PM

            Matthew, regardless …whatever you’re trying to claim or cover up in your original message it’s not the “”ultimate”” so you should have never stated that.

            It’s not the ultimate. Anything else you’re trying to draw conclusion to and cover up your oversight is not ethical because you just fail to realize your mistake now.

            So now this is becoming really petty because you want to hold me responsible for an oversight that you created and your now being dishonest about everything. No integrity whatsoever.

            Good night Matthew I don’t want to discuss this any further.

            Mar 28, 2021 28:10 PM

            HG, you’re a funny guy. Why shouldn’t share a fact with you? Quit while you’re behind and take your babbling elsewhere.

            Mar 28, 2021 28:18 PM

            Matthew, that’s your only defense to ramble on about nothing and there’s no value or merit to what you even said in your last message. It’s completely redundant inconceivable how you can be so ignorant ignore your own mistakes you can’t be honest about anything, can you.

            Good night Matthew, gold is not the ultimate inflation hedge.

            Mar 28, 2021 28:29 PM

            Holy Fail, the facts are on my side no matter how much you kick and scream.

            Mar 28, 2021 28:32 PM

            Didn’t even mention the gold equities and mining companies or whatever is bad it’s real bad they’ve actually gone down in 30 years. Not all, but it’s a real trainwreck out there people have lost their rear ends completely and devastated financially.

            Mar 28, 2021 28:36 PM

            Matthew, resorting to name calling and comments that are just compromised of nothing but rhetoric with no value or merit doesn’t change anything.

            That’s your only defense no integrity whatsoever you just don’t get it. You’re desperate. Not only that, very dishonest.

            Mar 28, 2021 28:07 PM

            HH, the miners have nothing to do with anything and neither do your feelings about being a failure. It’s just more proof you’re an amateur but thanks for sparing me a fourth “goodnight” since three was three too many! 😂

            Mar 28, 2021 28:18 PM

            Matthew, now the miners have nothing to do with anything that’s part of the gold space but we’ll just pretend like it’s not part of the equation. They’re supposed to act like inflation hedges as well however they’ve done nothing but collapse in value over decades the majority of them.

            You’re right, I’m a failure and a 🤡clown let’s just leave it at that. Quite frankly, whatever you think of me and anyone else in here doesn’t matter. It’s completely irrelevant because I know the truth. Refer to me as a loser or anything you want it’s really up to you I don’t care makes no difference at all. Especially what you think.

      Mar 28, 2021 28:44 PM

      HG, just wait till The Chinese start exporting cheap electric cars into North America, they are ahead of the curve and they don’t need to worry about car unions and their high wages and benefits. The auto industry is so pivotal to any country but we have yet to see China challenge us, it won’t be pretty. The Germans and The Japanese car exporters will only be left with the luxury market until The Chinese take them out. GM, Ford, Chrysler, and Tesla have built many plants in China, the technological advance they had was handed to The Asians and they will turn us into cheap car buying debt slaves. The Chevy will become the Cherry. DT

        Mar 28, 2021 28:59 PM

        DT, my comment was mis-filed and it’s just above yours.

    Mar 28, 2021 28:14 PM

    America more than any other nation is going to learn what it is like to buy products from a foreign country when they lose their Reserve World currency status. When you buy into a debt culture the only thing that remains is the loss of purchasing power, your military will need to come home but it won’t matter because you won’t be able to finance even it’s existence. DT

      Mar 28, 2021 28:52 PM

      DT, America’s on a death spiral act and they’re on death row they don’t even know it. We have a whole economy that’s being supported by government subsidies and it’s not going to work and the military is on life support as well. Anyway, I completely agree with you and America is going for broke and all the evidence and facts are right there staring at us.

        Mar 28, 2021 28:19 PM

        Hi HG…What assets do you hold to surfive when the poo hits the fan , or do you think it is pointless holding anything , as you may be part of the poo that hits the fan ?
        BTW…You ought to calm down a little , it’s not good for your blood preasure……..

    Mar 28, 2021 28:37 PM

    IT, thanks for the message and by far I’m not concerned about it because gold’s not going to come through for any of us in this environment we’ve already been over that and if you read my messages. However, if somebody wants to believe that gold has been the ultimate inflation hedge that can be further from the truth read my above comment this is false information that’s being provided here. Just look at the Gold equities that have been around a long time they’re still trading at levels that they were at 20 years ago. Just about 16 months ago or so they were down to levels that were considered unthinkable including the South African mining shares. I’m not here to knock gold I’m just pointing out the perils that exist right now and that is a real possibility and is very likely that we’re going to have a cataclysmic event so that’s it there’s nothing else to discuss here because everyone has to believe what they want. We can’t all agree and I’m just pointing out the facts here so otherwise this board just becomes a cult because everyone wants to believe the same thing. That’s what is called a cult and there’s a lot of people in here that want to be the leaders of the pack but I’m here to say that gold is not the ultimate inflation hedge comments above. Gold is not the ultimate lifeboat either that couldn’t be further from the truth. A cult, that’s what they try and do make you believe anything but the truth. So please, explain where all the prosperity is in precious metals I like to know and this is for long-term investors of course I’m not discussing trading mining shares that go up a few times and then they fall back whatever the case there. That’s high risk and requires a lot of work so long-term investing.

    There’s no cigar here. With the condition of this world there’s not going to be if you read my comments and that’s what I’m saying and if someone doesn’t like it then you know that’s up to them. Has no effect on me whatsoever.

      Mar 28, 2021 28:56 PM

      Hi HG…Thank You for your reply . Has no effect on me whatsoever….If thats the case , why do you keep biteing back , Would it not be better to just not answer back , or is it just in Your nature , to get the last word in !!!!!

      Mar 28, 2021 28:47 PM

      Hg,

      I didn’t want to get dragged into this discussion but when it comes to hedging and safest bet, gold bullion the way Jerry plays it has been 100% the best secure investment so your bang in wrong from that perspective. He has ruled out speculation and gamble which is the trading aspect of the miners the stock market. I really don’t think you understand Jerry and maybe a few older folks in here who have built wealth in a more secure fashion.

      You want to attack someone attack me a go all in high volatility investor due to my age and guess what? I’m moving the dream because I have worked my ass off. My ooontnisnthis we can nit pick at things and I’m sure your good at whatever you do but timing in any investment including real state is key! There is no doubt that reastate has been great fir the last two decades but please let me assure you I have seen personal family and friends shut the lights off, never enjoy a vacation, only home cooked meals and no restaurants because the system jails you. Do what do you exchange? Freedom for a home lol… you maybe the exception but many have leveraged 10 homes and gone under.

      The true Jeff is real gold as Jerry does and I’m honest and I don’t play that game. Like Matt ex and others in high risk and going all in because we understand how to make the chess moves as doc knows. It ain’t easy but because we understand the trend of gold we can outsmart computers and you… be peaceful and respectful this site has been around and will continue to be around with highly intelligent investors.

      Glen

        Mar 28, 2021 28:54 PM

        Holy sorry,

        Long drive home from Montreal to Ontario and speaking through a mic as my wife drives lol..

        Forgive the spelling. Point is bullion is safe and has been the number one driver from consistency and appreciation you can sleep on. The rest is knowing s chart and that ain’t easy my friend. Reastate is living in jail with what I said, so what if your house went up to 3 million the next home is costing 10 million.. your in the same debt. Going to crash ask dt

        Glen

        Mar 28, 2021 28:57 PM

        Glen, all we’re doing is having a debate and there’s no problem here. If everyone agrees that’s called a cult and we all have different views. If you want to turn this into a cult then that’s up to you I have no problem with that at all. I believe it’s best to let us all disagree and that leads us to the truth in a civil way of course. Right now, it’s fairly civil I don’t see any problems with it and to just lay back and have someone tell somebody else that they’re supposed to accept their side of the debate or else is the wrong action.

        Anyways peace be with you and let’s all just have the discussions in a civil manner and of course there’s going to be some emotions however we’re supposed to be adults and accept the truth whatever that is. If people don’t want to accept that then that’s up to them but we’re not uncivil here I don’t believe.

        Thanks for your concern and I don’t know what else to say here everything is civil there’s nothing wrong. Unless it’s supposed to be a cult otherwise I don’t see any problem here.

          Mar 29, 2021 29:11 AM

          HG. Forgive me if I’m misinterpreting but isn’t your constant reference of “a cult” actually an insult and could be considered “uncivil”.

        Mar 29, 2021 29:31 PM

        THanks GLEN……

    Mar 28, 2021 28:03 PM

    IT, it doesn’t have effect on me whatsoever what’s wrong with that. I’m not here to argue with you because it has no effect on me and so I want you to know that and understand that. I’m not here to persuade you one way or the other.

    There’s no biting, I know what you talking about. Sorry you feel that way and I apologize if there was something here that offended you I don’t know what it is I can’t figure that one out yet but I’ll apologize just the same.

      Mar 28, 2021 28:14 PM

      Hi HG…It’s 00:08 am here in the UK , I need to be up in six hours , to take my granddaughter to a hospital appointment , which is just over an hours drive away.
      So i will yeild the last word to you. Enjoy the rest of your day.

        Mar 28, 2021 28:19 PM

        IT, thank you and the same to you please be safe and sorry for any of the misunderstandings it happens. Take good care and never mind me I’m just trying to point out some of the risks and perils so I don’t know what else I can do. I wish you the very best. Also, we can disagree anytime there’s no problem with it.

      Mar 28, 2021 28:33 PM

      IT, I don’t believe you know what is going on, America is like other Empires. They have become arrogant beyond belief as they try to still impose their will on The World. Military might may make a country feel successful in the short term but you can never rule anything unless you have the financial means to do so. Countries are like individuals, if you don’t live a relatively frugal existence, you must borrow money to keep your lifestyle. America is tapped out and Uncle Sam has been on life support for at least 40 years. Their industry is hollowed out, the population depends on government hand outs, they are so arrogant that they no longer mediate they only dictate. There was a time when America was called upon to help other countries with their financial problems, now they are in desperate need of help but not only don’t they want help but they believe they are still the Financial wizards of The World economy. Nothing could be further from the truth. DT

    Mar 28, 2021 28:18 PM

    Glen:
    Don’t be concerned about me as I was never in the conversation. HG told me what my position was on things he was discussing, and then argued against them. I gave him a chance to notice I hadn’t said much yet but it didn’t matter. I dropped out although he continued to find fault in something he attributed to me which I never stated. He has yet to recognize his imagination was the only entity involved.

      Mar 28, 2021 28:10 PM

      DT, you said it “””hollowed out””” I love the terminology it couldn’t be any closer to the truth in two words. Outstanding, everything you said. America is like an engine running on one cylinder right now and with seven of them shot. Blown head gaskets, rods and everything complete joke. By the way, I agree. Americans are arrogant and they’re belligerent. They all think of themselves as celebrity status.

      Mar 28, 2021 28:17 PM

      Glen, David’s right about everything. Let me know before you sentence me I have a few last requests.

      Mar 28, 2021 28:26 PM

      David, I just noticed that this guy did the same to me under the last show on Al’s political page. He imagined that I had recently said something about the Chinese in Canada and kept repeating his hallucination to B. The fact is, I don’t have any opinion on the subject and haven’t been to Canada in almost 30 years.

        Mar 28, 2021 28:48 PM

        You must be an entirely different Matthew because Bill was commenting on it and it was on the same thread about 2 weeks ago or something like that. Bill is concerned and so whatever is going on here is getting really sadistic and malicious unless you’re a different Matthew because you did state that you were concerned about it. I know for a fact that Bill definitely saw the comments because he was involved we were both discussing a lot of different matters and he knows I’m not imagining nothing. Bill was in the conversation.

          Mar 28, 2021 28:11 PM

          Nope, it was me and the concerns I expressed were not about the Chinese. You are one irresponsible dude.

            Mar 28, 2021 28:26 PM

            Then you’re the wrong Matthew because you definitely said you were very concerned about the Chinese military in Canada and Bill was commenting on it and he said the same thing. Unfortunately I tried to find the blog and you can’t go back that far.

            I was in a debate with another Matthew because we were in a heated debate over I said president Trump was no friend to the hard money advocate crowd and the precious metal space. I said that all Trump did was pitch the stock market and paper assets. Bill was right there in the conversation and you claim the Chinese military was a big concern to you so I don’t know who that was but another Matthew I don’t know.

            Remember what the Matthew said about the Canadians being a bunch of sheeple and you were just very concerned about the Chinese military.

            It’s on that thread and I don’t know how to retrieve it and Al was commenting too on that thread. He saw the messages regarding everything we were in a long heated debate unnecessary as well but it happened.

            Mar 28, 2021 28:44 PM

            It wasn’t on a weekend and it had to be on a Thursday or Friday so can’t find it because it’s not on the weekend. Bill remembers is it real well. He was chiming in on our debate and we were talking about the Chinese military so he knows all about it. Bill agreed about Trump pitching the stock market.

            Mar 29, 2021 29:11 AM

            HERE’S THE CONVERSATION MATTHEW. I specifically asked you if the Chinese military was a concern to you and you said “”yes”” and there’s your comments below right under my post.

            AGAIN, YOU ANSWERED “””YES””‘

            On March 7, 2021 at 7:13 am,
            Holy Grail says:
            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 ?

            On March 7, 2021 at 11:55 am,
            Matthew says:
            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

            Mar 29, 2021 29:54 AM

            HH, just look at my comment and the context of the thread it came from and you should be able to figure out that I was referring generally to the increasing socialism that Westerners in general are experiencing. I never said the Chinese were “occupying” or even training in Canada as you implied to B in the political thread. I have no idea about that.
            There was a lot in your comment and I merely agreed that everyone generally has a lot to worry about. The way I ended that comment should have told you that my focus was socialism in general.
            The West is being destroyed from within and by design. You’re lost if you don’t understand that.

            Mar 29, 2021 29:36 AM

            Matthew, isn’t that convenient that you have a another excuse trying to eliminate the content of the most of my message was regarding the Chinese military. It’s blatantly obvious my question in the message. It was all about the Chinese invading Canada and everything had nothing to do with purchasing property. What am I supposed to assume now that you can’t read or something because my whole message was precisely about the Chinese military and the whole invasion of Canada.

            You did answer yes. That was my first question on the first sentence.

            Then you, just accused me on this thread on the above post that I’m hallucinating. You never said or verifed the Chinese military was in Canada. You can refute that and deny it although there’s of solid evidence here in black and white that you did in fact verify there was Chinese military in Canada.

            Now it’s my responsibility that you can’t read and you did answer everything yes and went along with everything and now you want to classify as a misunderstanding well I’m not hallucinating. That was very malicious of you and to accuse someone of hallucinating.

            You seem to misconstrue everything including your own false misleading statements that gold is the ultimate hedge against inflation. That’s my fault that you can’t choose better words and just say …gold is a hedge against inflation but it’s not the ultimate hedge and so you’re trying to hold me responsible now you’re saying it’s not the ultimate hedge we should all know that.

            You can’t even admit your own oversights when it comes to anything how irresponsible and such a lack of integrity. Not to mention how dishonest this is and malicious you’ve been. How fraudulent

            Thank you and aren’t you nice.

            b
            Mar 29, 2021 29:47 AM

            ok, lets hope thats settled, NO Chinese invasion of Canada.

            Thats a relief. 😉

            Any thoughts on ipt moving to .67 and bouncing back on fair gold price drops?
            ipt really doesnt look like it wants to come down.

            Mar 29, 2021 29:23 AM

            B, I like what I see so I bought more. The downside risk is probably around that .618 Fib retracement at .61 but a close over the 50% Fib retracement at .74 would probably make that much less likely…
            https://stockcharts.com/h-sc/ui?s=IPT.V&p=D&yr=1&mn=5&dy=0&id=p75038589150&a=539900298

            Mar 29, 2021 29:27 AM

            HH, like I said, I agreed with your general concerns and the outlook for the future. Little did I know how terrified and obsessed you were with the Chinese.

            Mar 29, 2021 29:48 AM

            Matthew, most of my commentary was based on the Chinese military presence and outright ask you the question on the first sentence you said YES and if you look at the last sentence it says Canadians could be executed.

            Then you accuse me of hallucinating.

            Thanks a lot and thanks for chiming in anyway it’s okay. It’s very petty and although I’m not hallucinating. Wishful maybe and untrue. Or think what you want like I said in another message. It’s no problem and no hard feelings at all that’s what I want you to know the reason for this message. This is so petty.

        Mar 29, 2021 29:17 AM

        HERE’S A LINK TO THE PAGE MATTHEW WHERE YOU SAID YES THE CHINESE MILITARY WAS A CONCERN. Also down below several posts I copied the exact messages from me to you regarding this. You reply was yes the Chinese military was a concern.

        http://www.kereport.com/2021/03/04/gold-silver-and-commodities-where-prices-are-going-and-how-they-relate-to-each-other/

    Mar 28, 2021 28:27 PM

    DT:
    You make good points. Had I participated more fully in some of the conservations above, I would have asserted that it is Central Banking coopted the US economy with the assistance of Special Money Interests, thereby corrupting Congress and elected/appointed officials who together led the US down the path of growing Fascism. Corporations controlled politicians who assisted the Elites and Wall Street to redirect future Treasury Funds to cover Wall Street and Corporate fraud and obligating the people of the United States and their property to cover those fraudulent activities. In order to compensate for the corruption, accounting principles were altered, the military was often used for nonmilitary objectives of either resource theft, corporate intervention in foreign economies or serving corporate purposes for whatever reason. Institutions of government like the State Department, Attorney General, justice, FBI, SEC, CFTC , Commerce, FDA , etc were infiltrated by leadership with contrary agendas to the established purpose under law of the Constitution and Established regulations for the protection of the people and their property in favor of “transfer of wealth”, transfer of power to special interests and elimination of the middle class in favor of a controlling class wielding absolute authority over the Federal Government and the resources in all forms while blocking recourse to the people and stealing their property…whether it be health care, pensions, jobs, food, housing, upward mobility, education, and riddle them with debt while falsely reporting economic data by direction and design…among other issues. But, the conversation never got off the ground as I was informed where I stood on my beliefs rather than entertain an exploration of my opinions as to what they actually might have been and whether they fit with the conclusion of others of where we are in America…the massive victims of unbridled corruption and inequitable distribution of wealth to the elite without recourse,
    But that opportunity did not surface as the conversation was a one sided discussion of one persons beliefs.
    Now we can talk and hopefully without judgement, preconceived beliefs or character disorders demanding winning at all costs through hate speech, name calling and thr most popular internet process of bullying and stone walling.
    We ate in a crisis of major proportion and for lack of s better description, the Criminals feel cornered and are lashing out using unproductive decision processes to make a stand in recognition their actions to date have been destructive to everything we hold sacred to maintain the principles set forth in the Costitution to guarantine fairness and equality and a requirment rnsure there was regulatory career officials dedicated to honest and integrity.

    Mar 28, 2021 28:55 PM

    A society that operates from a corrupt agenda, holding biases or prejudice against brother human beings including white supremacy, hate of religious groups, resentment of those that speak differently, economic status of a lesser degree , etc, is a society without purpose or character to lead there own nation much less one of shallow purpose.

    These were some of my thoughts that were not sought out, not possible of coming forward and most likely would not cotribute to the altered agenda. They are now in front oy you to accept, object or reject. Advancement only comes when truth, honesty and pursuit acievexan affirmative change in preconceived predispositions. The people of either padty are not the problem but the victims. . Only appointed and elected officials can be blamed for the result. .. a real problem in recovery

    Mar 29, 2021 29:31 AM

    Another solid week of commentaries and sharing of information…glad I was able to slip something that was helpful. Ann and Ex happy to say your welcome..especially since I’m usually on the thanking side

    Glen keep up the updates. I might not like what the charts are saying right now but they will turn in time. Regarding copper. I totally dropped the ball going for exploration plays only as I didn’t anticipate such a big run. Still love the potential of kodiak,black wolf and gsp Resources but it will take time.Ex is right that the etf is a good way to go if one likes copper going forwards. I personally (got it wrong last time for what it’s worth) don’t expect copper to make another big move in the short term.

    As for the pots, I’m definitely disappointed in IMCC right now but I’m staying patient waiting for things to pickup in Israel and even medically in Germany. Also anticipate them making more acquisitions. Other than that,I’m still waiting for the big MSO’s to consolidate more(I did post a few weeks back that I had sold out my positions when they had run up so much)… still believe the best way to go is the big MSO players

    Battery technology is still big on radar so can’t wait for nano one to close their recent pp and start running again on news..also have been writing cover called on charge point my favourite powering station play for EV’s. The premiums are great. I’m writing covered calls every 2 weeks.

    Now for the philosophical question of the day…….does the Wolfster get too busy at work and the markets start to go down when he’s not able to watch as closely as he’d like or does the market start to drop and Wolfster buries himself in work as he regrets not selling ??????

      Mar 29, 2021 29:25 AM

      Good thoughts Wolfster, and it’s always nice to get your thoughts.

      As you mentioned, there are a number of Copper stocks worth following, and yes the ETF (COPX) is a great way to get exposure to the miners for those that don’t want all the individual company risk.

      As for the pot stocks, I continue to trade around my core position in the ETF (MJ), but now have positions in IM Cannabis you mentioned, Delta 9, and Fiore Cannabis. I’m looking to add Planet 13, Red White and Bloom, and Emerald Health. Also I’ve been building positions in the psychedelic therapies stocks Mindmedecine, HAVN Life Sciences, and Mydecine Innovations.

      As for the Battery space I’ve recently positioned in both Electrovaya and HPQ-Silicon Resources, and am considering Eguana Technologies.

      As for your last philosophical question, good luck with figuring that out. 🙂

    Mar 29, 2021 29:44 AM

    Almost forgot….Matthew the Brixton needs to be pointed out as it is holding up well vs its peers…you have your full load again????? You seem to play with one like a fiddle so to speak

    BDC
    Mar 29, 2021 29:54 AM

    Michael Boutros on Gold (30:45): https://www.youtube.com/watch?v=Fa_M42iuEE4

      Mar 29, 2021 29:26 PM

      BDC
      Some good stuff discussed. Thanks

        BDC
        Mar 29, 2021 29:33 PM

        Yes, he is a top shelf “price only” TA guy.