Weekend Show – Sat 15 May, 2021

What’s truly driving the price action in the precious metals?

Full Weekend Show

On this Weekend’s Show I feature three very different analysts with their views on the precious metals. There are some very interesting key factors to consider and similar price action they are look for.

Please keep the emails coming to Fleck@kereport.com. I love hearing what you all think of the Companies I have in the show and the topics you want to hear discussed.

  • Segment 1 – Mike Larson, Editor of the Safe Money Report kicks off the show by recapping the inflation data. We discuss the safer, more defensive sectors that he is investing in.
  • Segment 2 – Robert Sinn, also known as Goldfinger joins me to share his insights on the gold market, in terms of price action and key technicals to note. We also recap the recent site visits he attended with Excelsior Mining and Northern Vertex Mining.
  • Segment 3 and 4 – Jeff Christian, Managing Partner of the CPM Group wraps up the show with a focus on the key catalysts for gold and silver outside the inflation data.

Upcoming webinar – Capella Minerals – An update the on the gold and copper projects in Norway and Sweden. Click here to register and have first access to the recording.

Exclusive Company Interviews this Week


Mike Larson
Robert Sinn
Jeff Christian
View related posts on: , ,

Comments:
  1. On May 15, 2021 at 5:41 am,
    cfs says:
  2. On May 15, 2021 at 6:56 am,
    cfs says:

    The Fed has a much more serious problem than described in segment 1.
    The National debt is so high, that the Fed CANNOT raise interest rates much.

    Regardless of what the Fed says, it needs inflation to make the debt less significant.
    (But that is only possible by reducing the value of the US dollar.)
    So the Fed WILL LIE. It will talk against inflation, but do nothing.
    It will pray that interest rates will not rise, but the market will force interest rates higher.
    Then the monetization of the carry-cost of the debt will get worse and the dollar WILL DECLINE, further increasing price inflation.

    • On May 15, 2021 at 4:38 pm,
      Mike in Albuquerque says:

      Exactly, the FED is trapped. When Joe and Julie investor realizes that the FED cannot raise interest rates is when gold makes its real moves.

  3. On May 15, 2021 at 7:03 am,
    cfs says:

    With increasing price inflation, one would expect precious metals to rise.
    However, if the Fed tries to hold interest rates low, there will be a liquidity problem.
    If the Fed is slow in raising interest rates, the liquidity problem will be a problem for both stock prices and precious metal rises, if not asset prices in general.

  4. On May 15, 2021 at 7:12 am,
    cfs says:

    BENCHMARK METALS INC
    Symbol BNCHF

    Benchmark Delivers 2.1 Million Ounces of 1.62 g/t AuEq Indicated and 821,000 Ounces of 1.57 g/t AuEq Inferred for Its Initial Mineral Resource Estimate

  5. On May 15, 2021 at 7:57 am,
    b says:

    thx cory, Robert Sinn alias goldfinger is interesting.

  6. On May 15, 2021 at 8:40 am,
    cfs says:
  7. On May 15, 2021 at 8:45 am,
    cfs says:
  8. On May 15, 2021 at 10:22 am,
    Matthew says:

    The 233 day MA looks more important than the 200 day MA and I bet gold will take it out on Monday:
    https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=5&dy=0&id=p19307675173&a=951084048

  9. On May 15, 2021 at 10:32 am,
    Matthew says:

    Stocks could easily bounce here based on the daily chart:
    https://stockcharts.com/h-sc/ui?s=%24COMPQ&p=D&yr=1&mn=1&dy=0&id=p26544214190&a=954015424

    • On May 15, 2021 at 10:35 am,
      Matthew says:
      • On May 15, 2021 at 4:04 pm,
        Charles says:

        Matthew – Do you have any short positions on in the general markets? Thanks in Advance.

        • On May 15, 2021 at 4:37 pm,
          Matthew says:

          I do not but if I did, I would short to buy more gold miners, not to hold dollars. I doubt that stocks will crash versus USDs. Instead, I think they will grind down a slope of hope to keep retail investors committed to the long/wrong side.

          • On May 15, 2021 at 5:46 pm,
            Charles says:

            That makes sense. Thanks for the reply. I don’t have any shorts on.

  10. On May 15, 2021 at 10:53 am,
    Matthew says:

    The XAU is up 23% since bottoming 2.5 months ago and looks fantastic. My guess is that it will continue higher in the coming week and possibly begin a short term correction the following week (which should be bought, in my opinion).
    https://stockcharts.com/h-sc/ui?s=%24XAU&p=W&yr=5&mn=11&dy=0&id=p49835327662&a=949748838

  11. On May 15, 2021 at 11:07 am,
    Matthew says:

    The miners look just as good versus gold as they do versus dollars.
    https://stockcharts.com/h-sc/ui?s=GDX%3AGLD&p=W&yr=3&mn=3&dy=0&id=p14896343180&a=940285185

  12. On May 15, 2021 at 12:07 pm,
    Matthew says:
      • On May 16, 2021 at 4:07 pm,
        Wolfster says:

        Thanks for the charts as always Matthew……re: our conversation about valuations for PM’s that were excessive in August……with gold and silver where they are now would it be correct to say Brixton Kootenay and impact are now undervalued???

        • On May 16, 2021 at 5:31 pm,
          Matthew says:

          Wolfster, yes, I believe they are but that’s based on the assumption that the metals are going higher from here or at least not going materially lower. Relative to silver, all three are now trading at levels not seen in a year (April 2020 for KTN and BBB and May 2020 for IPT).
          Kootenay obviously has the most assets in the ground that are 43-101 compliant but the other two clearly have significant assets just waiting to be proven (my opinion). So, any “bankable” valuation that could be assigned to them currently would obviously not be reflective of their potential. And that’s why I like such speculative plays. They have the goods but the average retail guy probably sees them (especially Brixton) as just another other drill play with risk more like that of a lottery ticket.

          IPT vs SLV:
          https://stockcharts.com/h-sc/ui?s=IPT.V%3ASLV&p=W&yr=6&mn=0&dy=0&id=p83466386447&a=951583604

          • On May 16, 2021 at 7:35 pm,
            Wolfster says:

            Thanks……could work out that I can double down with profits from my copper and uranium plays….and a little more galleon too

  13. On May 15, 2021 at 1:37 pm,
    David says:

    Good stuff guys. Looking forward to Monday.

  14. On May 15, 2021 at 2:35 pm,
    CFS says:
  15. On May 15, 2021 at 3:21 pm,
    OOTB Jerry says:

    https://www.youtube.com/watch?v=yb0Tn86PqmM
    IS THIS THE SAME GUY ABOVE…..

  16. On May 15, 2021 at 3:34 pm,
    Dick Tracy says:

    It’s funny, time and again in the past The Reserve Board had feared inflation. Inflation was thought to bring hard times but now they welcome inflation. Now they don’t fear inflation because The U.S. economy has gone from a solid economy to a service economy and the high fliers don’t need steel, nickel, copper, as much as they did in the past. General Motors, General Electric, American telephone, and United States Steel aren’t the high fliers that drove the economy in the past. Now they have the bogus economy, Facebook, Twitter, Amazon, and Google. They don’t rely on commodities. The torch has been given to China and they are whooping American industry because it has lost what really matters, Manufacturing of hard goods. DT

    • On May 15, 2021 at 9:08 pm,
      buzz says:

      Agreed, however, the masses won’t catch on until it’s already too late. It’s the remedy that brings hard times

  17. On May 15, 2021 at 9:15 pm,
    Terry Huebert says:

    Lots of work ahead for the Plunge Protection Team.

    • On May 16, 2021 at 6:59 am,
      David says:

      A lot of hard work for The Justice Department…if they don’t get more opposition.

  18. On May 15, 2021 at 10:38 pm,
    Thomas says:

    Looks like Coeur Mining is taking over Victoria Gold

    https://www.coeur.com/_resources/news/nr_20210510.pdf

    • On May 16, 2021 at 12:48 am,
      Thomas says:

      18% of Victoria for $117,2 million in shares was a clever move by Coeur

      The remaining 82% are probably more expensive

  19. On May 15, 2021 at 10:39 pm,
    Thomas says:

    Victoria answers with a shareholder right plan

    https://vgcx.com/news/victoria-gold-adopts-shareholder-rights-plan/

  20. On May 16, 2021 at 4:33 am,
    Joel Goldman says:

    Have been listening to the daily and weekend broadcasts for years. Thank you. However, you are not doing your listenersv any favors by having two hours, or even two minutes of commentary from Jeff Christian. You might as well conduct an interview with the lying Jeff Curry from GS. Christian has clearly been exposed as the enemy to this sector.

    • On May 16, 2021 at 12:16 pm,
      chris says:

      Amen Brother! Who can forget his long term comments on ” there is no gold manipulation”…….carried that one even when proven wrong. I put on permanent ignore long ago.

    • On May 16, 2021 at 1:26 pm,
      David says:

      Seems like Christian and Andy Maguire testified before the CFTC when Gensler was Chief. I think there was conflict between what they were reporting with Andy being identified as a whistler blower. The issue was market manipulation of the PM market. Over time, I believe Maguire has been proven more credible.

  21. On May 16, 2021 at 8:30 am,
    BDC says:

    Excellent article on trading: https://ceo.ca/@Goldfinger/the-biggest-secret-to-becoming-a-successful-market-speculator
    Robert Sinn expounds upon the work of Mark Douglas, and more.

  22. On May 16, 2021 at 9:30 am,
    Silverdollar says:

    Exceptional read, but long….30 pages. Covers metals and other commodities. They expect copper to reach $15 eventually. Gold and silver: $15,000 and $750. Good analysis IMO. https://f.hubspotusercontent40.net/hubfs/4043042/Commentaries/2021.Q1%20Commentary/2021.Q1%20Goehring%20%26%20Rozencwajg%20Market%20Commentary.pdf?mc_cid=34a37ff919&mc_eid=347a500eba

  23. On May 16, 2021 at 9:55 am,
    BDC says:

    Stanley Druckenmiller interview: https://vimeo.com/548917378

  24. On May 16, 2021 at 4:10 pm,
    Matthew says:
  25. On May 16, 2021 at 5:39 pm,
    Matthew says:

    HL vs Gold just had its best weekly close in years.
    https://stockcharts.com/h-sc/ui?s=HL%3A%24GOLD&p=W&yr=5&mn=0&dy=0&id=p36766542046

  26. On May 17, 2021 at 8:58 am,
    syljon says:

    next logical resistance 1950, january high. So Matthew, good job, any disagreement with that speculation. That number now a magnet.
    Very quiet here, expecially from those with very bearish thoughts.

    • On May 17, 2021 at 9:24 am,
      Matthew says:

      I think the 1880-1890 area could cause a short term reaction this week.
      https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=7&dy=0&id=p26252579711&a=903805792

    • On May 17, 2021 at 9:29 am,
      Matthew says:

      The silence around here is funny and very good sign from a contrarian perspective. We’ve a got a very steep “wall of worry” in place and that is very bullish.

      Hecla just made a new 10 year high:
      https://stockcharts.com/h-sc/ui?s=HL&p=W&yr=5&mn=0&dy=0&id=p98587441171

      • On May 17, 2021 at 9:41 am,
        syljon says:

        Hats off Matthew. I like the way this is progressing. There are just enough steps back with the grinding rise, to keep everyone hoping and waiting for a crash/pullback. Terrible for bears, but also bulls like me fixated on the exit door.

      • On May 17, 2021 at 10:32 am,
        Excelsior says:

        Agreed Matthew. I was traveling through the weekend, out in Nevada and Utah, and was often out of phone range in large national & state parks, but saw how well the PM markets and commodity markets did the end of the last week and figured there would be a lot of celebrating on the weekend show, but the it is interesting how quiet it is for the PMs to be breaking out like they are.

        I’d imagine many are doing quite well in their mining stocks as there was a big uptick in the ones I follow the end of last week, and today they are really screaming higher again. Very nice to see, and really the PM sector has done quite well coming off the double bottom lows in March, for both April & May (when many analysts and technicians were pretty sure we’d see sideways to lower markets).

        I was unsure if we were seeing just a relief rally, or a bigger move up, as there wasn’t enough data to know one way or another, but with Gold taking out even more resistance levels today, and getting back above the 200 day SMA, then those are pretty constructive.

  27. On May 17, 2021 at 9:53 am,
    visitor says:

    Thinking about influencers in this sector:
    If I listened to Jordan Roy-Bryne exclusively, I might never invest in PMs at all; which might be a good thing.

    If all my info came from Monica Kingsley, I would likely stay invested and suffer tremendous drawdowns. Somewhere, there must be a reasonable middle ground.

    However, I highly recommend following Monica; even having her on as a guest.

    https://twitter.com/Monica___K/status/1394316938478764032

  28. On May 17, 2021 at 10:14 am,
    Excelsior says:

    It’s really nice to return from my travels last week, and see Gold & Silver and really all commodities continuing to breakout.

    Gold currently at $1867 (it looks to have cleared that $1850 resistance and the 200 day SMA once again intraday).

    Silver currently at $28.31 (nice to see Silver with a $28 handle again, especially when 2 months back most were expecting to see a $22 handle for it in April or May).

    Dr. Copper still at all time highs at $4.71

    Platinum up, Zinc up, Nickel up, Lead up, Tin up, Oil up, Soft “food” Commodities are up…. As a result, my portfolio hit another all time high today. Boom!

    https://www.investing.com/commodities/real-time-futures

    • On May 17, 2021 at 10:29 am,
      Wolfster says:

      Stay away. It’s working. 😏

      • On May 17, 2021 at 10:33 am,
        Excelsior says:

        Haha! Good point. I’m just surprised more people aren’t in a good mood as the miners have been doing well the last month or so, but got turbo-charged on Friday and today.

        • On May 17, 2021 at 10:42 am,
          Wolfster says:

          Being in Ontario with another lockdown where we can’t even go golfing certainly can cause a foul mood……..or if you still own USA ……glad I leave that pig with only a small loss months back……still stuck with your namesake tho.

          • On May 17, 2021 at 10:53 am,
            Excelsior says:

            I could see that where folks stuck in perpetual lockdown would cause a foul mood.

            When we were just out traveling in Nevada & Utah and there were hardly any masks seen anywhere we went (even in restaurants or stores), and most people were back to normal activities, happy, and we could see peoples faces again. It was very refreshing.

            As for Americas Gold & Silver, I had mentioned selling my USAS on March 18, due to the concerns I had about Mexico making an example out of them with their Cosala operations, and at that time, I saw other quality opportunities I wanted to rotate those funds into (Caliber, Wesdome, Equinox), and sure glad I did.

            USAS put out their operations report today, and it went over like a lead balloon.

            _______________________________________________________

            (USAS) (USA) Americas Gold and Silver Corporation Reports First Quarter 2021 Results and Provides Operational Update

            17 May 2021

            https://ceo.ca/@businesswire/americas-gold-and-silver-corporation-reports-first

          • On May 17, 2021 at 10:56 am,
            Excelsior says:

            As for Excelsior Mining (my namestake as you mentioned), I have a small position in it, but want to see them prove they can really make the mining work with the insitu processing before getting more aggressive with it.

            I noticed my Western Copper & Gold have a nice move higher today with Dr Copper still strong, so that is nice to see. They have such a massive deposit with Copper and Gold in the ground.