Big Picture US Markets vs Commodities and Silver vs Uranium
It was another busy week of editorials and company interviews. Be sure to check those interviews out to stay up to date with all my guests.
On this Weekend’s Show I feature Mike Larson, Dana Lyons, and Steve Penny to comment on US markets and commodity investing on the back of the bounce over the last couple weeks.
Please keep the emails coming! I love hearing what you all think of the companies I have on the show and any topics you would like me to focus on. My email is Fleck@kereport.com.
- Segment 1 and 2 – Mike Larson, Editor of The Safe Money Report kicks off the show with a conversation focused on the general health of the US Markets. We discuss the strong breadth, new highs, and rebound in large tech stocks. We then move to the infrastructure bill and what commodities will benefit the most.
- Segment 3 – Dana Lyons, Fund Manager joins me to discuss the recent decrease in volatility for markets. We also balance the rebound in gold to the rise in cryptocurrencies recently.
- Segment 4 – Steve Penny, Publisher of The SilverChartist Report wraps up the show with a focus on the silver and uranium markets. We look at key price levels for each and drive down to the stocks in terms of potential upside.
Exclusive Company Updates This Week
- Thor Explorations – Updates on near term production, 10,000 meters of exploration drilling, and expected news flow from 3 properties
- Novo Resources – Following up on the Beatons Creek PEA and answering your questions on current production and sorting trials
- Heliostar Metals – Surface results from the Cumaro Project in Mexico
- Skeena Resources – More Information On The Updated Eskay Creek Resource Estimate – Video Update
- Elemental Royalties – A look ahead to 2021 forecasted revenues and near term production updates
- Nova Royalty Corp – Recapping the 2 Copper Royalty acquisitions this year and the copper market broadly
- Bonterra Resources – Recent high grade results at the Barry Project and a new discovery 2km away from the Bachelor Mill
- Metalla Royalty – 2 more royalty acquisitions and a recap of all the transactions in 2020
- Rupert Resources – More impressive drill results yielding 6.1g/t Au over 110meters, plus project wide exploration updates
- Standard Uranium – Introducing this Uranium explorer with the Davidson River Property in the heart of the Athabasca Basin
- BevCanna Enterprises – Health and wellness beverage Company with potential growth coming from the inclusion of cannabis products
Part II of the interview
Agreed Thomas – The Silver Chartist had some good thoughts on both the medium to longer term views on both the Silver and Uranium markets, and appreciated hearing his thoughts.
Thomas – Thanks for posting that Rick Rule interview. Yes, Dr. Copper is going to continue to be in demand for years to come, and I’ve been starting to get my portfolio of Copper stocks in order, over the last 12-18 months, but still have more to add as time goes on.
Ex thank you for your advice on kootney a point well taken!
Matthew you and ex alone well and I’ve learned overall that when silver takes off, kootney is leveraged really well to prosper from it kind like my iamgold that make a killing when gold goes above a certain price point..
Mgoing to shop soon
Thanks
Yes, I like having Kootenay as an optionality play on higher silver prices, similar to Discovery Metals or Southern Silver.
Cory
Enjoy your site BUT it does not show as being SECURE. ( no padlock )
Can you fix this as bad guys can cause computer problems.
Hi Richard… For what it’s worth , i have been on this site for about 11 years, & have never had a problem with the Bad Guys….. if that helps.
+11 IrishT.
This site is nothing more that a forum where people can either agree or disagree. Free thinking is what American is and always has been based on. In my mind we have no good guys or bad guys!
Cory great job with your guest as usual! Keep up the great work and thank you for being attentive to questions and quick response action.
Also I hope al is well we don’t see or hear much from him lately.
Jerry thank a bunch everything is notes and just catching up on the video and info regarding covid..
For all you fine folks I’m linking a video in the politics side regarding covid. Some of you have see it for sure but for others enjoy. It was taken down with 20 minutes and censored by YouTube
Matthew thanks for your response regarding impact point well take noted. Also would like your perspective on kootenay I’m thinking of starting to purchase some very shortly as you, ex and a few others are very high on it?
To all the gentlemen and gentlewomen a great week this far for gold showing some strength and also always wishing everyone prosperity. Just make sure you save 5-10% if not more for Rainy days if they come.
Cheers to all and to all a good weekend.
Glen
Thanks for the show Cory. Good thoughts Glen. I own Kootenay and was considering purchasing some more myself.
Thanks Charles good to know as well!
Yes, agreed guys. Kootenay is a nice optionality play on higher silver prices, they have a few good projects; some of which are JV’d out to other partners, and some of which they are doing their own exploration on. Some of the news higher grade drill results and projects have also diversified them from just the lower grade larger bulk tonnage deposits, so they have a nice mix of Silver and other metals under their umbrella.
Charles – thanks for bringing Kootney back up. The seem to be drilling and making deals to advance things along but their stock isn’t catching much of a bid –
Hey mr mike In Albuquerque New Mexico,
Welcome to the land of freedom of speech and well informed!
I’m actually the one who brought up kootenay.. no competition here but really glad Charles a good contributor and ex who knows his shit chimed in!
So I’m open ears of you know a thing or two?
Matt waiting for your appraisal and anyone else?
I’m stocked on impact at .29 average and about 750,000 worth of shares! Thanks to Matt and ex is blessing.. I now want to load up more and I want two or three more plays in silver..
Endeavour has been one I’ve like for long time same as well as fortuna and silver Corp! Just there to high for my liking I don’t chase
Glen
Glen, if you’re bullish silver, you should be bullish KTN and the higher you think silver will go, the more KTN should buy (my opinion, not advice!) In addition to its high grade silver, the company has a LOT of low grade silver that is not yet “in the money” (it is not economically feasible to mine at the current silver price). So, if/when silver flies through the low-mid $30s, KTN’s assets in the ground will explode in value. And if the $30s or higher become the new floor (like $4 was 20-30 years ago and $13-ish was/is for the last decade), the new higher share price will absolutely “stick” no matter how quickly it is achieved (if a vertical move is really a fundamentally legitimate repricing, I would bet against the usual deep price retracement that usually follows vertical moves) but I digress.
I like KTN and I’ll like it more as silver gets closer to another intermediate, multi month rise. I’d rather get my leverage the way KTN provides it than to use margin debt but I use both.
Mag silver’s another.
Glen……….if, you have any questions on covid , I have been following covid , as I said before, I think earlier than anyone around here. Starting in Oct Nov.2019….
and for the record……I posted the hoax, starting in Feb 22,2020, and got a lot of flack from a lot of jokers around here.(some have gone missing)…just saying…. 🙂
Thank you Jerry point well taken! There are many great minds in hear and your no exception one of the true leaders of the pack.
Keep posting your views I enjoy 😉
Thanks Glen………. and ditto…….there are some great minds around here
and also….you can depend on larry’s info concerning covid…..he is spot on.
I still think its silly to say covid is a hoax.
Too many people dead from it.
The response? Thats another issue.
Think what ever you want………..
How about one big con job……..
Flu…….cases 164 lol……..do some home work….
I will think what I like Jerry thank you. 😉
Of all the things that can destroy us, covid and the response to it really isnt the #1 issue.
If it is a hoax and it has peoples attention to the point they cant see anything else thats going on, it has done its job well.
In my opinion, which I am entitled to, it is not the covid that is the issue, its the response to it.
Yes you can think anything you want……..lol 🙂
You should know more than anyone it is a hoax…….you have a lot of info,…which you have provided through out the years…..you just have to connect the remaining dots… :).
concerning the NWO…and the Cabal ….just tie it together….
Let’s call it a CON JOB….. 🙂
just for your info……….
since you might have missed it…..There is already a CURE….the ARMY invented it.. 🙂
On April 9, 2021 at 4:16 pm,
OOTB Jerry says:
Cure for COVID EXIST………….ARMY has had for YEARS….and Kept a secret….
https://www.youtube.com/watch?v=5KW0msXoTQA
George Webb……
What doesnt make sense, the army has the cure to covid.
That would be worth untold billions, trillions more like.
Doesnt make sense for a capitalist country.
That kinda underestimates the wonderful sin of greed imo. 😉
Follow the dots……… I just posted another article at Fake Russian Hoax,
I really don’t have to follow the dots anymore Jerry. And, you really don’t either!
Capitalist country..lol …. front running the entire fake stock market….
Pentagon missing $40 to 140 TRILLION….
Food for a lot of thought, Jerry!
Thanks OWL……..hoping you are having a great day….
Not bad, have some physical problems but I am constantly working on each one.
Geez Jerry, between you and Larry this blog really is sounding doom and gloomy, we all dead for sure.
I think the biggest threats are the killing of the oceans and the AI, nukes are big too but I have faith (no reason other than its in their best interest) that China and Russian leadership will control the muppets of the west enuff to prevent it.
This covid, real or hoax is minor compared to those issues.
Worst that could happen is everyone turn into zombies, watch the people walk down a street starring at their phone and tell me they are not already zombies. 😉
Thanks for the sanity, B!
I would not necessarily call it gloom and doom. I would simply call it alternate opinions to think about and consider.
b…. there is no doom and gloom……..if, you are awake…..and have the info.
The public is asleep… with regards to their “rights” and health.
b……… you told larry……. you got your shot…..
gee……I guess, you never read any of the post on COVID CON JOB….
Just out of interest, I read an article about modern medicine treating maladies, and not curing.
Alot of what Larry has been saying.
It was on a russian site so I wasnt sure if people would be interested.
It certainly went into depth tho as well as the mic,insurance,education all lobby groups having influence on the american government.
They could be the “owners” G Carlin was talking about.
Well, at least they would be on their christmas card mailing lists.
Thanks, Cory. I liked Steve Pennypacker’s prediction of $300 silver. $500 would not surprise me given the lunatics in charge.
I like it too – also his comparison with uranium
Uranium can double and then there will be enough supply
Silver can double, triple, quadruple, quintuple, sextuple, septuple, octuple, …
Hi Thomas…. Hell that was a lot of uple’s…BTW , whats an uple……………………lol
Yeah – should have said, Uranium is a 2-bagger only and Silver is a 10-bagger -:)
I also enjoyed getting Steve’s (aka @SilverChartist) thoughts on the similar risk and reward profiles between Silver mining stocks and Uranium mining stocks, and both are quite volatile, but still represent good opportunities as their respective underlying metals run from the high $20’s and $30 up to $50 in the medium term, and even higher longer term. I’ve well positioned with a basket of miners in each of those sectors, and am constructive on both to create outsized returns in the next 2-3 years.
Precious Metals Update! – Steve Penny (@SilverChartist)
I Love Prosperity – Apr 9, 2021 #VIDEO
“Steve breaks down some very important updates for gold and silver and investing in precious metals. Steve shows some background on the mining stocks and what silver mining stocks are starting to do.”
If he is right with silver going to $300 than royalty companies with a good silver exposure would a good choice, I think
WPM 40%
MMX 21%
NSR 20%
OSK 18%
I wonder which of my stocks will do best with silver @ 300: PSLV, WPM,PAAS, AG, EXK, AXU,
DOLLF, ELRRF, SIOCF, ESKYF, HL, KUYAF, SSRM, SILV, USAS, or STKXF?
Jeff is pretty bullish on Silver, expecting the all time high to get tested by the beginning of next year.
Personally, I’d be thrilled if Silver got up into the mid to high $30’s by the beginning of next year, as the mining producers would be absolutely printing money at those prices, and the development stage companies projects would be quite attractive as their economics surged higher.
________________________________________________________________________
Jeff Clark – Silver Will Hit $50 By January
Cambridge House International – Apr 10, 2021
Gary Wagner: Gold & Silver Price Rebound: Is it finally here?
Kitco News – Apr 9, 2021 #TechnicalAnalysis
0:00 – Silver
7:32 – Gold
11:00 – Economic outlook
Bring on the party, it’s been a long time coming !!!!!!!!!!!!!! DT
🥳🎊🎈🎉🎁
Enthusiastic Gold investors everywhere are wondering…has gold finally bottomed?
Peter Krauth – Apr 07, 2021 – FX Empire
“Technical action in the gold price is beginning to look bullish. We may have a double bottom, wherein the recent low established a bullish higher low. And both the RSI and MACD momentum indicators are rising, confirming the rising trend.”
“The action in gold stock prices is similar. Using the VanEck Vectors Gold Miners ETF (NYSE:GDX) as a proxy, we see several bullish signals. GDX has recently closed above its 50-day moving average and broke out above its falling trend channel. It too has established a higher low with rising buying volume. And both the RSI and MACD here are confirming upward momentum.”
https://www.fxempire.com/forecasts/article/gold-bottom-718172
Thanks CFS. I always learn a lot from Stephen Leeb Best, A
Matthew thanks again regarding ktn.. I made a mistake above I have 75,000 worth of impact silver at .29 average when you had told me. Actually you may have told me at even lower prices. I wish I would have dropped way more but that’s life. Always looking to add more silver exposure and impact and ktn along with maybe 2/3 more is the way I will play it safe. It’s also reassuring you guys are in it.
Stockcharts down since yesterday 🙁 did the teck guy go on break?
Glen same goes for Silver crest as a twenty bagger!!
Ditto! +1
Silver crest pretty solid thanks for reminding me.
As most of you know I hold a tighter ship with my portfolio so it’s highly important that I narrow it down to another two or three aside from impact.
Great recommendation!
Here is my recent lineup weighted most to least. Vizsla, Discovery, Silver Tiger, Blackrock, Metallic, Summa, Silver Viper, Southern Silver, Aurcana, Vangold and Bayhorse at the back of the pack. After listening to some of the comments this weekend about shortages in Silver, I will be looking closely at the next week to maybe do some adding to one of these …or not. Do not want to see a Monday smash, but whatever happens I will see if I get the standard in channel rotation. ?? ?
That’s a solid silver lineup David. When things finally do get going again in the PM sector those kinds of companies should move up nicely. Of course, if we do see the weakness in the PMs, with many technicians calling for $22 silver or lower, then they also have the potential to outperform to the downside until the corrective move has run it’s course.
Ex:
You are right about downside risk in my portfolio. I have been liquidating Great Bear long term profits and moving some with short term losses back into Great Bear to keep my share count up. I was tempted to add to some of my silver stocks but my best mover lately has been Ely. I almost bought Elemental this AM, but added to Ely instead in hopes of some gains to offset some of my tax bill. The downside is that we get hit before May 17.
Agreed Andrew de Berry. Silvercrest is quality, and has been on sale recently, so good for accumulating it.
Silvercrest is one of my largest Silver positions along with Impact Silver, Santacruz Silver, Silvercorp, and Silver Tiger. Then, my portfolio has significant medium sized positions in Alexco, Coeur Mining, Endeavour Silver, Excellon Resources, Golden Minerals, Aurcana Corp, Kootenay Silver, Dolly Varden Silver, Metallic Minerals and
Vizsla Resources Corp. Then I have smaller positions in Bayhorse Silver, Kuya Silver, Discovery Metals Corp, Defiance Silver, Blackrock Gold Corp, Reyna Silver Corp,
Brixton Metals, and Orex Minerals Inc.
Depending on how things go with the gold miners, I may sell some of them to get my Hecla position back again, and also grab shares in Vangold, GR Silver, and have considered Silver One, Aftermath Silver, Summa Silver, Silver Dollar, Decade Resources, Eloro, and Souther Silver.
What a feast of good picks Ex!
Bon Appétit
Hello Andrew….Great to hear from you again, where have you been hideing . I hope all is well with You & Yours
Hi Irish. Thanks for kind thoughts. Yes I’m fine….just absorbed with all the mayhem while trying to stay sane. PMs are VERY close to going mental!! Stay safe., A
Andres, PM’s yendo psíquico ↕️🤔
Prince Philip took the Covid jab in January. A common side effect of this vaccine is death by coincidence.
Powell on 60 minutes putting all ills of Wall Street on retail…sick.
For anyone following Excelsior here’s an interview with Mark Morabito and he does mention Excelsior
https://m.youtube.com/watch?v=o84QZ5XtzJQ&feature=youtu.be
So far they are working on another Monday Smash.
GDX vs GLD/Gold topped before $GDX last summer and bottomed before $GDX last month so it makes sense that GDX looks a little better vs gold than dollars right now. Even if this is not quite the start of a major move (and it could be), the potential for GDX to quickly rise 40-50 percent is very good and getting better.
GDX:GLD daily:
https://stockcharts.com/h-sc/ui?s=GDX%3AGLD&p=D&yr=0&mn=11&dy=0&id=p07702381381&a=742119056
This is good news for the uranium market, Cameco to restart Cigar Lake.
One could also look at it as a negative as more supply will be coming to market at a time that the price was moving up due to shortage…….of course I have to point that uranium royalty has a royalty now on cigar lake….just sayin
Agreed Wolfster, it was more bullish for the Uranium sector the longer Cameco was down.
Denison also has a 22% stake in the McClean Lake Mill, which processes the ore from Cigar Lake, so that will start bringing in a bit more revenue for them… just sayin.
https://www.denisonmines.com/projects/core-projects/mcclean-mill-lake-project/
Touché ….lol
😉
FWIW: Denison and Azarga are 2 of worst performers of the day so far. Makes me want to buy more.
Yes, the Cameco news about Cigar Lake reopening created some near-term pressure on the Uranium stocks, so if they continue to pull back, then I’ll look to start adding to existing positions a bit myself.
Actually the longer Cigar Lake was offline, it only pressured the supply side more and would force the utilities hand to start a new contracting cycle. However, since Cigar Lake was only shut down due to Covid at the end of last year, then it was just a matter of time before it came back online. The other thing to consider is Cameco is one of the few companies other than Kazataprom that still has any off-take contracts in place, so they needed to get back to producing something, with so many other Uranium companies like Denison, Uranium Energy Corp, Uranium Royalty Corp, enCore Energy, and Boss Energy all buying up Uranium in spot market. That buying from other companies may have forced Cameco’s hand to get producing again, as they had been one of the few buying in the spot markets lately to fulfill their contracts, and other U companies just took away the punch bowl.
From the release:
“we have a home in our contract portfolio for these low-cost pounds. We will also continue to purchase material, as needed, to meet our committed deliveries.”
That’s true Ex, the beauty of life is that we don’t have to agree with each other. On the other hand I currently don’t own any uranium stocks but this might give others who felt they have been left behind a chance to get in at lower prices. It only delays the inevitable. DT
In all fairness Cameco is the elephant in the room when it comes to the uranium market, covid or no covid they could have kept Cigar Lake shuttered but they chose a restart. To me that is also saying we know prices are going higher it takes time to get a mine back in operation and we see higher prices and we will be there to pick up the profits through production. DT
Good points DT. Yes, we often can learn more in a friendly disagreement, when we hear other’s perspectives, consider different outlooks, and mull over ideas that challenge our personal thesis. I sure appreciate the range of ideas folks present here.
As for Cameco, I agree with you that they are the main elephant in the room, along with Kazatprom, and that if we see Uranium stocks soften as a result of the Cigar Lake restart, then investors that missed the epic move higher in Uranium stocks, over the last few months, will now have the opportunity to load the boat during any weakness.
As for the restart of Cigar Lake, Tim & company at Cameco had indicated that they did want to get things going again when it was safe to do so with all the Covid issues. However, some believe they may have hastened the decision when they saw all the other Uranium companies start mopping up the spot market’s inventory; because Cameco has gotten used to it being easy for them to just buy in the spot markets to deliver into their remaining off-take contracts. Now the cheese (or in this case, yellow cake), is moving…
https://tinyurl.com/h3sa9xb7
Metals (active). Topping soon?
Thanks to everybody david, ex, wolf Matt white your charts as usual and all your great thoughts on the different companies
Dan from Calgary sorry I did not respond to you the other day. Great vechicles to use when you need exposure to short or long via the etfs Canadian style that you provided. I can confirm I have used them both.
Gold update!
Said it Friday target down was $1717-$1727 I also have it in my head gdx 36/37 at least in this move.. got very close on gold price to the $1730 so let’s see what gives. I’m expecting some more juice up “ however” if the move is done and we break the $1717-$1720 ish are it will negate up and we are moving down as I suspect.
Either or be ready in any event
Cheers guys all the best
Added to Freegold based on some interesting drill results which indicated small grade with big widths. Some movement. Also getting movement in Maritime, but don’t know why. Also Metallic movement but they had good drill results last week. Currently my account in a holding pattern on the negative…I just assume the people with the algos are at lunch.
Before I forget, Sun Summit has been moving lately. I think they had some good drill results recently or a good hole…something seems interesting to buyers. SMREF in US for those interested in checking it out.
Glen……….this is for you….Covid deaths….are third rate… 🙂
https://www.zerohedge.com/political/stimulus-and-covid-19-attitudes-reflect-poor-math-skills
Like I said……..big Con/Hoax
Hey Jerry thank you for the info 🙂
Sorry guys I promise to take this talk over to the political venue.
Ex I have not read it completely but great summary and scary shit we are living. Regarding your post in political section.
Hey Glen……they better know what is going on ,this is not political…. better to be healthy than Ignorant … 🙂
You may want to avoid the political venue as there is a Pandemic going on there. 🙂
Lol… 🙂
Thanks Glen. Yes, we live in wild times… and getting wilder by the day!
Cory, thanks for the silver and uranium interview
Here a Kitco interview with Rick Rule on uranium and silver
https://m.youtube.com/watch?v=sW3D3rK1Vhg
He also likes copper (agree on copper)