A focus on gold and silver demand and stocks to keep an eye on
Thank you all for listening this weekend. I focus the full show on the precious metals sector and certain stocks that are of interest. Please keep the emails coming to Fleck@kereport.com.
- Segment 1 and 2 – Jeff Christian, Managing Partner at the CPM Group joins me to for a look into the silver market when it comes to supply and demand. We then look at the gold market and overall health of the majors.
- Segment 3 – Brian Leni, Founder of The Junior Stock Review shares a recent recommendation he made to subscribers, the Company is Montage Gold (TSX.V:MAU). We look into Brian’s research on the underlying value of the Company.
- Segment 4 – Richard Postma, AKA Doc wraps up the show with a recap on the gold chart and the stocks he is buying and selling.
Upcoming Webinar – April 21th @ 11pm PDT (2pm EDT) – Featuring Aztec Minerals (TSX.V:AZT & OTCQB:AZZTF) upcoming drill programs at the Tombstone Property, in Arizona and Cervantes Property, in Mexico. Simon Dyakowski, President and CEO of Aztec will join me to outline the drill programs and answer any of your questions. Please email me you questions to Fleck@kereport.com
Click here to register for the webinar.
Exclusive Company Interviews This Week
- Rokmaster Resources – Revel Ridge Project – Recent high grade gold drill results and a large drill program underway
- US Gold Corp – Outlining the catalysts at the Maggie Creek Property, Keystone Property, and CK Gold Property
- Metallic Minerals – An introduction to this exploration Company with recent high grade silver results from the Keno Silver Project
- Aztec Minerals – New VP of Exploration and an upcoming webinar on April 21 @ 11am PDT
- Capella Minerals – A look into the technical report at the Løkken Project in Norway
- VOX Royalty – An overview of this new Royalty Company with 50 royalties including revenue forecasts for this year
- Eloro Resources – Follow up on the 442 grams silver equivalent/tonne (Ag eq/t) over 166m channel sample
- Ridgeline Minerals – Upcoming drill programs at the Selena and Carlin East Projects in Nevada
- Dolly Varden Silver – An overview on the Dolly Varden Silver Project – The Current Resource and Growth Plans Through Drilling
- Novo Resources – Follow up on the financing announced today
- Vizsla Silver – More high grade drill results from the Napoleon Prospect of over 2,700g/t Silver Eq expanding the zone by 300 meters
- Scottie Resources and AUX Resources Merger – Thoughts from Management of the merged Company
- Newcore Gold – Recent drill results expanding on the current 1.22million oz resource and an upcoming PEA
- Graphene Manufacturing Group – A Clean-Tech Company developing applications for energy saving and batteries
- Kenorland Minerals – A $6.6million drill program at the Frotet Property announced with partner Sumitomo Metal Mining
- Awale Resources – 10,000 meters of drilling planned with the drill company taking equity
- Tarachi Gold – Drilling towards a PEA this year as well as exploration at both Properties
Gold-Bitcoin debate coming up Aptil 21:
https://www.youtube.com/watch?v=50atMlzi0W4
Doc where do you see gdx pulling back to during May/June?
You said before that it could test 29/30, has your outlook changed?
Thanks
When will we finally see $3K gold???
2023, 2024, or 2025 been hearing many analyst prediction’s.
Thanks to all the KE Report contributors to another full week of daily editorials, company updates, great insights and investable ideas on the blog, and another solid weekend show.
Ever Upward!
You got that right!
It was nice to see Gold close for the week at $1776.90, after having touched ($1784 intra-day).
I am wondering if end of March with $1680 was already the low
I think Doc has predicted another low in April/May timeframe, before it goes really higher
Very difficult times to predict the Gold price
Gold stocks are not performing well.
You can say that again.
Cryptos are taking alot of investment cash, people have underestimated their impact I think.
There are other options as well, seems few people are interested in boring ol’ gold.
The Chinese aren’t bored with gold and they have a strong economy and 1.3 billion people and their government has just announced importation of 150 tonnes. Then there is India and an emerging middle class also interested in gold. So to say gold is boring is a huge mistake. Lots of luck to you b if you are holding Bitcoin and don’t sell at these prices. DT
Another aspect, 31% of the world’s largest dams are in China:
https://en.wikipedia.org/wiki/List_of_largest_hydroelectric_power_stations
I saw that when it was first announced.
I dont see them so much as buying gold as dumping the dollar.
They have about 2 trillion to get rid of so the % they spend on gold should be kept in perspective.
I hold gold and silver dt, and its completly boring compared to other investment options.
Most people are not goldbugs, as a matter of fact most people dont bother with ker or kitco or casey or sprott etc most people dont even think gold is an option, its aniche market dont ya know, but they sure as heck have heard of bitcoin.
Heck its advertised on T.V. gold isnt.
I don’t really understand the ‘I dont see them so much as buying gold as dumping the dollar’ either they are buying gold or they are not. As for Bitcoin being more exciting than PMs, yes they are, and so…. Have to agree with DT on this one
Its perspective nigel.
China and Russia in particular are dumping dollars, I think the world has moved from about 90% dollar usage to under 60%.
China and Iran/Venesuala are trading oil using bitcoin to get around the dollar and swift.
China has to take its time getting rid of dollars because if they dumped them too fast the value of the dollars they hold drops.
Basically, gold is just 1 thing they buy in reducing their dollars.
But sure, you can say they buy gold or dump dollars, same thing really.
2 trillion would be enuff to buy just about every available once .
So, its best kept in perspective.
B, I think you meant to say that $2 trillion is the current value of every available ounce because there is no way that $2 trillion would be sufficient to buy every ounce. Also, the word “available” is used very loosely as it pertains simply to ounces that have been extracted from the earth.
It is very bullish that most people still can’t spell gold and want nothing to do with it. It has a very long ways to go. Bitcoin, on the other hand, is in blow-off mode which is why it is full to the brim with dumb money. The question is, how high it will go. The point and figure chart shows a price objective of 72,000 and I could make a case for a target closer to 80,000 but I have a feeling it will turn before either of those unless the stock market is about to spike higher into an intermediate top — and it might.
SPY:
https://stockcharts.com/h-sc/ui?s=SPY&p=W&yr=3&mn=11&dy=0&id=p99506634711&a=939819835
The daily BC chart shows significant and important negative divergences:
https://stockcharts.com/h-sc/ui?s=%24BTCUSD&p=D&yr=0&mn=7&dy=0&id=p21199149993&a=894281837
BC bears should hope for next week to finish below last week’s low of 55,467. That would give us a high quality shooting star pattern (high quality=better odds). A close below/around 59,000 would also give us a legitimate bearish shooting star that could work just as well but I’d rather see the pattern deliver a statement that only dumb money could ignore.
https://stockcharts.com/h-sc/ui?s=%24BTCUSD&p=W&yr=3&mn=7&dy=0&id=p30672685200&a=919217452
Forget about that shooting star pattern. I thought the weekly candle was in place/finished when I posted the weekly chart above because stockcharts had removed the yellow highlighting that is typically present when the market is open. Still, BC is now bearish.
b, the government in The Western World wants you to hold cryptocurrencies they don’t want the small fry buying gold and silver, then they might figure fiat is worthless and when the time comes the government will outlaw all the established crypto’s in favor of one they will control. It’s a mafia of central banks and they operate in the shadows just like The Sicilian mafioso. Eventually as cryptocurrencies suck up more speculative money and become stronger the Banks will pounce and they are not willing to relinquish control of the money supply, no government ever does or has done that. DT
The way Rogers puts it is when bitcoin and cryptos become a threat to the dollar they will simply outlaw it.
I think Turkey has outlawed bitcoin already if I recall corectly.
The reason the yield on the 10-year treasury noticeably dropped and gold went up (an inverse relationship with real rates) was because the Fed was in the market heavily buying 10-year treasuries. We will be able to confirm this late next week from Fed reports. Remember, the Fed previously said they were unconcerned by the rise in long-term rates, and next week will prove once again that they are grand deceivers by saying one thing and doing another.
IMHO, with the exception of a market crash creating a liquidity event, the low for gold has been put in at the USD $1,675 area.
Sachs,
I hate to be the barrier of bad news but it looks and smells like a setup on the chart and time will only tell if Matt and all his followers Dt, David etc are correct in saying he has the direction correct or if me and docs prediction comes to a fruition. Make no mistake liquidity event or not will not be an excuse for Emphasizing continuously that gold has bottomed. The same will be said with me and if I’m wrong no sweat. But if I’m correct many of the investors in here will learn a thing or two. Let’s see what gives.
In regards to market crash and liquidity event possibly coming I see it as a high probability. In fact probably over a month ago I stressed the Dow had about 6 weeks and then a big correction that the gold charts keep screaming at me. Everyone reads charts differently and this is we’re one must adjust if wrong and or position yourself at different levels as I have.
For me if it goes up that’s great but I would be lying to you as many indicators have left me with red flags and if we did bottom you would think the ducks would be all aligned and there not.
We can put up all the charts we want respectfully including myself but when bearish sentiment has not hit an all time low or volume is not showing me enough on the “ monthly” well then you better be careful.
Gdx May have topped already nothing is for certain but given the status of this current strength I will give an update.
Gold update!
We discussed $1775/$1780 a target a few weeks back if mine in fact $1764 was not mentioned but remained as an important long term resistance and it seems to now have been broken to the upside. Nothing I’m surprised about. Gdx has a date with $37/$38 does it get there in this run and possibly by Monday/Tuesday? High probability we gap up Monday or even Tuesday to hit that target and then look out.
Gdx has a date with much lower prices from my lenses of which lately no one cares lol except for Jerry and that assures me plenty that I feel Alone in this outlook.
I can assure plenty of you regardless of if gold bottomed or not which I’m still 100% in the camp it has not and very alone in it, when gdx corrects hard here, I will most definitely be a buyer fir an intermediate trade. I’m going to buy the gdx correction which will be strong and run with it but make no mistake I will sell it for a good profit.
Thanks to all the contributors and to all posters I always read everyone as much as I can and learn a great deal from most of you as well..
In ending I would like to say I hold a great probability of a good sizeable market correction that will possibly go down with gold and gold should bounce back first as always and in retro that will make yields 10 year go to my target which is slightly higher before fed stepping in.
The charts are telling me this is a high probability and we keep you posted!
Glen
Hey GF
now you must be seeing in your charts (which are not posted here) that the H & S top(s) have not yet been negated and that you presume that will kick in soon? If you are wrong, which looks about a 50-50 chance here??….then a massive move up will happen soon and kill all those shorts in a hurry. Conversely, if you a right, then we r headed to sub 2016 levels….yikes. Is that what you think you are seeing? Some actual chart illustration(s) and Downside Price Targets would be greatly appreciated.
This coming week may be crucial, which is strange because the FOMC meeting is not until 28 April. It’s possible that another important event (Ukraine?) is happening. SPY has made multiple MaxSat(7) highs, and both DIA and QQQ are verging on same: https://i.postimg.cc/X7skSBbv/STATS-20210416-Saturation.png
Glen, no matter what happens next, you should have recognized the buying opportunities at lower prices. Likewise, you should be recognizing the current bullish action regardless of what the future holds.
Thanks Glennie! I’m pretty neutral in terms of whether or not we’re going up or down. I see both sides of this trip we’re on… Keep posting. Obviously, I’m keeping my fingers crossed on things having an upward trajectory, but given much of the historical movements we’ve seen, it’s almost easier for me to bet there’ll be more down days to come. If so, I’ll load up more.
Holler loud when you feel the bottom is in. Thanks.
Don’t be fooled, Canuckski, the market has spoken and the message is clear: The miners are extremely unlikely to make a new low. Yes, when looked at in isolation, gold is slightly (and I do mean slightly) less certain but that’s why we should look at more than just gold for our signals. The miners are good predictors of the fate of the whole sector and they look great, overall. It is no accident that the biggest and best/most profitable/most free cash flow gold miners bottomed well ahead of the rest about 6 weeks ago. That’s where the biggest money flows and it told us indirectly that the downside for gold was essentially over and the bears were spent. Now the smaller and riskier companies have confirmed that message.
GDX:GLD just put in its highest weekly close since the first week of November and is sporting bullish divergences:
https://stockcharts.com/h-sc/ui?s=GDX%3AGLD&p=W&yr=3&mn=3&dy=0&id=p51881711887&a=940285185
GDX priced in dollars has confirmed GDX priced in gold as I expected it would:
https://stockcharts.com/h-sc/ui?s=GDX&p=W&yr=3&mn=3&dy=0&id=p82659629873&a=940285795
For the first time in exactly one year, the KAMA has bullishly crossed above the 55 day EMA:
https://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=0&mn=11&dy=0&id=p72852730861&a=938677308
Good charts Matthew. Looking more and more like you nailed it again.
Matthew, it’s always good to receive your perspective.
Thanks.
JC is a disinformation specialist
He certainly is. He doesn’t seem to understand the laws of supply and demand, saying that when silver prices go up there needs to be a large stock of available silver so that investors can buy it…really, really, really
✓DEJA VU ~ 2017 China gold demand it’s going to be impossible to keep up with. Many stories like this going back at least a decade. Anything can happen and we’ll see however stories always come up.
China is a big part of the equation but so is India, Indonesia, The Philippines, Turkey, Russia, The Middle East, and now Hungary, Poland and Eastern Europe are seeing the value of holding gold in their Central Banks, and keeping it away from The bankrupt Western cabal. DT
DT, I agree, that’s why I didn’t post this message up above and wanted to separate it. I just wanted to point out that we always have these stories that pop up and there are black swans out there and for some reason there’s a big liquidity crisis it’s going to be a lot worse possibly over there …overseas. I don’t know. That part I don’t have a crystal ball on short term. I have a really good position in Gold equities however I would like it to be much greater than it is up to basically my eyeballs. I’ll do that, if we get a fire sale. That’s my strategy for now, so I can win no matter what. 100% no questions about it. ✓ Win Win 🏆
Glen: Matt and you may be both correct. Algos can always override a trend at breaking points. There can be a government/banks algo that sets a direction triggering hedge fund algos to pitch in. Algos don’t think but look for triggers. Since algos can interject themselves in the process, fair and equitable technicals and fundamentals can be redirected and appear legitimate. The best we can do at any one point in time is try to anticipate “possible” outcomes. Picking sides will not affect the end result. Everyone’s input is valuable. The risk one takes is a judgement call based on all the input.
David,
This is very well said! +many
Thank you
Glen
Thnks Cory…. Nice show again , keep them coming
Dan
Hongkong
I notice that vzla and nfg continue to report stellar drilling results. I also like how they are merchandised overall. Doc, do you have any comments on these two? Highest regards to all!
FIH, both vzla and nfg look technically strong at the moment—-I just wish I owned some of them—-I won’t chase them at these levels but hopefully in the future they’ll want to consider their 200 week moving averages and move lower so I can take a position in them.
HERE’S MY PERSPECTIVE, when they say jump, I don’t jump. Quite frankly, I don’t give a rip what happens to gold and silver in the short term. It’s completely irrelevant. Short-term profits are for sprinters. In this particular time frame and this era. We’re going to be crossing a new threshold into a new paradigm. 🏷️New price for gold $3000 to $5000 minimum. Silver past a $100. That’s all you have to know. At least from my perspective. Short-term fluctuations at this point is just all noise. HERES THE EXCEPTION AND VERY BAD NEWS. If war does break out worldwide and especially if it touches American soil, say good night. It’ll get that initial pop in the beginning and then it’ll completely collapse. With words of exchange right now between Russia and are US counterparts could lead to nuclear war this is not out of the question and it’s not irrational whatsoever. ✓History has proven that war will cause major selling between central banks for war reparations.
Holy,
I get what you are saying but for investors who only invest in stocks it’s very meaningful short or long-term where that gold price goes. The minors get crushed every time gold goes down in an intermediate trend and vice versa. So in my opinion there’s much more risk with the minors as we all know then the shiny metal itself or silver. So to say that you could care less we’re gold goes many other people and investors really need to Pay extra close attention to it because fluctuations kill share price and vice versa. Timing is absolutely everything.
Glen
Glen, everyone has a different perspective and I really appreciate that everyone has different risk tolerances and goals etc. I’m just not worried personally about the fluctuations whatsoever. As long as I know that the long term trend is up excluding a major major war.
The fluctuations don’t bother me at all. Good comments though Glenn and appreciate your work that you bring in here especially on a timely basis. I can time the short-term fluctuations however it’s just too much work. I’m not trading short term.
American loves to portray Russia and China as the aggressors so the military industrial complex can get fed it’s heroin. The real aggression comes from The US and Americans are brain dead because they allow their government to keep invading and destroying country after country while bemoaning their wounded warriors. Eventually war will come to The US homeland and they won’t be prepared for the aftermath. Hitler lost The Second World War when he invaded Russia and was fighting on two fronts. America can’t even defeat The Taliban in Afghanistan but they have made enemies that are much stronger all around the globe. DT
DT, with the new White House administration there’s not much diplomacy. The US he’s really provoking Russia into a major conflict. This is a nuclear armed Nation with lethal weapons of mass destruction. So yes, if this keeps up we’re going to see a war right here on our soil and it’s going to be a very ugly sight. One gigantic boneyard.
America lacks leadership. It’s quite dangerous to say the least.
HG, if war breaks out in The Ukraine China will invade Taiwan, that is Chinese territory. Russia and China are traditional enemies but now they are friendly with each other because they both despise American foreign policy. America could soon find itself fighting two very capable adversaries on two fronts and both can destroy The US. DT
Agreed.
DT, absolutely, no question about it, you nailed it. Very insightful wisdom and comments. The protocols are all there. I don’t have a crystal ball but you can see that the evidence and facts that are presenting themselves we’re moving in that direction quite rapidly. It’s going to be a very nasty fall if the US keeps up these aggressive policies especially towards Russia. This is completely unnecessary. China’s aggressive in the South China Sea however it’s an insanity policy to be an aggressor with Russia when we have China deal with too. It doesn’t make any sense it’s complete suicide. And yes, we’ve been fighting wars that have left nations in the Middle East especially in complete disaster and poverty. What did that accomplish. They were doing so much better before and now they’re in complete ruins.
US may experience some payback for all these unnecessary wars leaving people in poverty and ruins. Sounds about right. The war drums are knocking and they’re coming to American soil
Forgot to mention, Americans are so arrogant, belligerent and self-centered they have no compassion for these nations that they have destroyed and thrown into ruins in the Middle East especially. Americans care only for their own comforts and wealth factor. Payback ? No doubt.
Americans just have a different brainwashing at the moment than the people of other nations (and MANY Americans do NOT agree with U.S. foreign policy). If you know your history, you know that the people of any nation or race are capable of extraordinary stupidity, treachery and evil.
The stupidity on display in the rest of the West (and beyond) is far greater and more destructive than you seem to realize.
The above was to Holy Grail.
Matthew, I’m fairly active in the public not recently because of the virus. There’s no compassion out there for anything. It’s all about them.
We’ll, to add further to injury US financial system is on life support. That’s broken.
So yes, Matthew that could be very true what you said. It’s a true brainwashing over decades. Now everyone is out there with no common sense. Very delusional society and now they love cryptos currencies.
Maybe I just don’t see the ray of sunshine in all this. 💨
America chose the dark side after The Second World War, and they have labored on that image for more than seventy five years. Look at Korea, how would Americans feel if their country was divided in two by a foreign power since 1953. Think of how beautiful America and American ideals were in the beginning and how they have forgotten the principles their country was founded upon. DT
Americans have lost it. No question about it and it ends badly. Not with the leadership we have in the White House they’re getting ready to terminate all of us. Excellent thoughts DT regarding history. Excellent facts and evidence of what’s transpired in this nation.
like totally dude…understatement HG🚽💩🚽💩🚽💩
Great illustration a real 🎯bullseye Larry, you didn’t have to say anything. It’s going to be a real toilet flush. ⬇️⬇️⬇️💉⬇️⬇️⬇️🔥
I guess I am older than just about everyone on the board. That results in two problems: The first is that I do not know if I will be alive at the end of next week. I hope to be, but I have been involved in investing in miners for 20 years. Looking back it was foolish, as the general markets have had a 12 year run with nearly uninterrupted upward movement. How does that happen? At the same time we have to accept a bogus paper system controlling price of precious metals. So, the first issue is I am getting old and have no tolerance for fraud and manipulation in the markets. The second thing is that I worked in State and Federal government for 43 years. We had laws and regulations that were fair. The system moved toward equality. The US represented democracy and human rights as it was rare. Due to the wealth the US had acquired mostly by default after WWII, we had the the political and military power to back up our idealistic purposes.
Somewhere in the last 20 years, all that failed. It was a combination of Special Interests, deregulation, unaudited Central Banking, undermining of institutions, transfer of wealth, decline of leadership, corruption of politicians, deception of reporting whether it is economic data or daily news, privatizing media, altering accounting principles, and basically turning the country into a mafia operation of authoritarian principle.
So, talk about whether gold will go up or down all you want but you are playing the game in their stadium with their crowd. For all the reasons above, precious metals should rise, miners should flourish and a ton of politicians and bankers should go to jail. I am lising my patience.
I am also losing my patience. Much worse than lising it.
David I am your age & basicly feel the same. I am just trying to keep my “nut” & gold/silver is part of that.
The founder of Dubai, Sheikh Rashid, was asked
about the future of his country, and he replied,
“My grandfather rode a camel, my father rode a camel,
I ride a Mercedes, my son rides a Land Rover, and
my grandson is going to ride a Land Rover, but my
great-grandson is going to have to ride a camel again”
Why is that, he was asked? And his reply was,
“Hard times create strong men, strong men create easy times.
Easy times create weak men, weak men create difficult times.
Many will not understand it but you have to raise warriors,
not parasites”
David, after The Second World War the baby boomers thought their parents were square, I wish I could draw a square but they were right. We however had it all, jobs galore, cheap real estate, and the promise of a real future for mankind. But we The Baby Boomers were more narrow minded than our parents who we despised. Getting handed a future so bright turned us into self centered egomaniacs, we forgot that life was just not about us but about us getting along with the other members of our World. We squandered an opportunity rarely handed down to other generations because life seemed so easy and it was for us. We lacked foresight and now it shows because the greed that developed out of the baby boomer generation is unprecedented. Life is never learned when it is handed to you and boy did we screw it up. DT
Gary Savage has turned very bullish on gold and silver and expects them to rally for 2 to 5 months after a pullback early next week. So he has joined Rambus, BM, Matthew, and Bonzo in the bull camp. I am surprised Doc does not own NFGFF yet, but at least he has NULGF and ESKYF and NSRPF.
Add the Aden Sisters, Kranzler and Coffin. Although none of them ruling out tampering.
I often ask myself why I ride things down… over and over. I think the answer is, that it never appears to be down. It could go either way. Direction is debated. Direction is argued about, until it is down…but it could go up at any moment. On the other hand…12 years up in the General Markets makes one want to avoid them. Very strange…if it smells like a fish, it is a fish.
Bitcoin Is A Bubble, Copper Bull Market, & Decelerating Tech Growth
by @Goldfinger on 15 Apr 2021
https://ceo.ca/@goldfinger/bitcoin-is-a-bubble-copper-bull-market-decelerating-tech-growth
Dog(e)coin is my favorite cryptocurrency, WOOF! WOOF!
Lately I have been reading Bob M’s book “What Became Of The Crow” although it is a great read, I would much sooner be downtown in The TD Centre watching the big “LED” board with the prices of stocks ever moving and listening to the dreams that some of the traders have when their stocks move higher. Even when you lose there is compensation that sometime in the future you will catch that wave, sell at just the right time and have your dream realized. That is what makes being a trader so exciting. DT
DT, only a very small percentage of those individuals investors traders ever walk away with anything. Right now, everything’s turning green for everyone however that’s going to change dramatically at some point. In the real world, people always want more and they never walk away permanently with their winnings. Only to return to the business of trading hoping to get more. Only to lose all the big returns they had including their original investment.
It’s like the Bates motel. You can enter however you never end up leaving. That’s the dream in a nut shell. With only rare exceptions.
I thought it was the Hotel California????
👍 decisions ? decisions ?
Everything’s in a bubble. The biggest BUBBLE in history since the world began. The consequences when this bubble deflates I’ll be devastating for everyone. Resources for daily living will become non-existent as supply chains lock up and credit lines collapse across the board with distributors. Our great leaders in the White House administration are completely incompetent. The only leadership we have is leading us off a suicidal cliff and to top it all off they’re provoking war with a nuclear armed nation that has the latest advancements of the most lethal weapons that have ever been produced. Just several could burn this place down to the ground.
You left out the fact with lockdowns we are all stuck living in bubbles!!!
Yep, the bubbles are so big that it’s consumed all of us. Literally !
Momentum had been deteriorating for the last couple of months at least but ZH doesn’t care about that!
Before it plunged $10,000:
On April 17, 2021 at 1:06 pm,
Matthew says:
The daily BC chart shows significant and important negative divergences:
https://stockcharts.com/h-sc/ui?s=%24BTCUSD&p=D&yr=0&mn=7&dy=0&id=p21199149993&a=894281837
True. I never bought in. Brixton looking like it wants to blast higher soon to me.
I agree, it’s getting there. Look at those bunched up moving averages…
https://stockcharts.com/h-sc/ui?s=BBB.V&p=D&yr=1&mn=0&dy=0&id=p23718410744&a=875260720
I’d like to see it get above .30 before the month is over.
Monthly:
https://stockcharts.com/h-sc/ui?s=BBB.V&p=M&yr=11&mn=5&dy=0&id=p47242617969&a=762943745
To finish the coming week at .27 or better would be nice…
https://stockcharts.com/h-sc/ui?s=BBB.V&p=W&yr=5&mn=5&dy=0&id=p35726941343&a=857065984
I think a lot of us would like to see it over .30 by months end……I’d even take .27 at this point with a slow steady climb….. I do agree tho that it really looks set to blast higher
So now that we have all those comments above behind us, which stocks might be good for next week?
Well for a stock not on too many radars of gold fans,I say roxgold…… been hitting on all cylinders and has been hitting new highs despite where gold is at…. so if gold is going higher as well,it should really start to move….a producer with another mine coming
I owned Roxgold at one time and made a little on it. Ex was high on it at one point. I will give it another look. Thanks.
Yes, I’ve had a core position in Roxgold for a few years now, and consider it a very well run gold producer, and one of the standout junior success stories in West Africa.
I own a lot of FNV@25 and it has a royalty or stream on Roxgold’s mine. FNV has interests in about 325 mine deposits and just 54 are in production now, so they have big growth ahead.
Roxgold being pumped and then will get dumped during next downturn.
Pumped by who????
Dogecoin up 300% last week…I will now sell my ex-wife for 1/3 of one Dogecoin.
Big dump of gold contracts @ 9:00 PM EST on a Sunday Night. Hmmmm…
Same for silver but had to be a coincidence. Sure….
David, gold is trying to trick you, I hope you get some sleep tonight! LOL! DT
DT:
Already took a sleeping pill. Heading to the mountains tomorrow for a few days. You guys better make things only go up while I am unable to keep my eye on the wolves.
Big bullish engulfing candle for NEM vs SPY…
https://stockcharts.com/h-sc/ui?s=NEM%3ASPY&p=W&yr=5&mn=8&dy=0&id=p91905052634&a=931778995
Nice.
Thanks, Matthew. NEM is my biggest holding since they took over FNV in 2005 and GG last year. Where will it go when gold goes to 5K and 8K?
Bonzo, without thinking too deeply about it, I’d guess NEM would be at least $350 at $5,000 gold.
5-8K bonzo, you plan on living that long?
Imagine the price of bread when gold hits 5k, cities wont be pretty sights.
Bonzo will easily live that long.
Metals(active): https://tinyurl.com/h3sa9xb7
Copper MaxSat(7) this morning. (In process.)
https://www.zerohedge.com/markets/china-readying-gold-backed-yuan