Large Private Investors share their portfolio strategies for resource stocks
On this Weekend’s Show we spend time with two well known private investors in the resource sector, Dave Lotan and Doc. We all know the precious metals, and now base metals, have corrected and the stocks have been hit ever harder. We look at metals prices and the stocks that will bounce back first.
Please keep in by emailing us at either Fleck@kereport.com or Shad@kereport.com. We love hearing from all of you about the companies you like and any questions you have for us.
- Segment 1 and 2 – Dave Lotan, President of LHI (a family investment office) joins us to share what he looks for in individual resource stocks. This includes his outlook for commodities and the stocks he likes currently.
- Segment 3 and 4 – Richard Postma, AKA Doc wraps up the show with an extended conversation ranging from his big picture technical outlook for gold, key catalysts to watch, and how he is managing his resource stock portfolio at this time.
Exclusive Company Segments This Week
- Novo Resources – Quinton Hennigh and Mike Spreadbough answer follow up questions from the recent webinar
- Bonterra Resources – Step-out drill results from the Barry and Gladiator Projects and an upcoming PEA
- Newcore Gold – Increased the current drill program to 90,000 meters and recent results including 1g/t over 103 meters
- US Gold Corp – A Path towards the PFS on the CK Gold Project
- Labrador Gold – Follow up on the 44g/t over 4.28meter drill result at the Kingsway Project in Newfoundland
Almost 200 people have been infected since the virus was first detected at the city’s busy airport on 20 July.
That was Nanjing, over 9 million people tested, masks required and distances suggested.
Thats why covid gets shut down quickly in China.
Notice the dif from the U.S.?
The global polarization campaign continues — nice psy op.
HELLO MR..Doc.. When will it be time to buy the uranium n copper stocks.?? October..Sincerely Poppie
Poppie, I would say at this time October would probably be a good time—late October or early November—–as we move on I might be able to give a better forecast.
We saw and interesting seasonal trend in the Uranium stocks for a few years where buying in November/December and then selling in Q1 during late January to mid Februrary was a solid trade in most U stocks. From late 2016 to early 2017, from late 2017 to early 2018, from late 2018 to 2019 (more of a mixed bag but some stocks still followed that trend), but we didn’t see that from late 2019 into early 2020, but did see it big time from late 2020 into early 2021.
If the Uranium stocks would correct down a bit more in Sept & October & early November from there still somewhat lofty levels, then I’ll be looking to add to U stock positions in Nov/Dec again for a move higher in mid Q1 2022.
It worked in
there = their
F.Y.I..Mr..Doc…If you had a paid Pateron site.or newsletter, on uranium stocks. I would definitely be a subscriber..
Another good show. Thank you!
Wesdome, as bellwether: https://tinyurl.com/duk5ba6f
Thanks BDC. It was fantastic to have the proloific mining stock investor Dave Lotan on the show, with sizeable positions in dozens of companies, and always great to hear from Doc Postma on how he is looking at the markets technically and the companies he is watching for good entries.
As for Wesdome, what a solid company and stock they’ve been for the last few years. I scooped up some Wesdome this March when it pulled down in sympathy with gold plumbing those double-bottom lows, but have since sold out as it got revalued higher.
I’ve been watching the last month or so for another sell down in Wesdome, but it has held onto almost all it’s gains while the rest of the PM miners tanked. If we see continued weakness in the sector, and if it ever rolled back over abd actually corrected for a while then I’d snap some back up again.
For now I see much more value in many of the other producers that have corrected down hard, and Wesdome seems richly priced in comparison.
Yes. That’s the interesting thing about WDOFF — how well it has held up (from a long term perspective). Shorter term, as a bellwether, maybe Emerita will be a good one to follow.
Something like this: https://postimg.cc/q6fTBDrb
Well, Wesdome is a best in class smaller mid-tier producer, but it hasn’t tracked most of the sector bucking the trend and going higher most of the year. It is similar to how Argonaut Gold has bucked most of the trend, and held onto most of its gains, unlike most of the PM sector.
As for Emerita, it is a polymetallic company, much more weighted to the Base Metals, with the majority of it’s resources in Copper & Zinc & Lead, but with a significant amount of Silver, and a little bit of Gold. It has also bucked the trend in the both the PMs and BMs though, because it won that legal case giving it dips on their IBW deposit, and it looks like they are going to win the 2nd legal case on Aznalcollar. As a result they’ve been rerated much higher over this year on the back of clearing up that uncertainty, so that isn’t really a good “bellweather” stock.
think the best bellweather stocks are something like a Newmont for the Seniors or the HUI or even GDX. For the Mid-Tiers and very largest Developers, then GDXJ is the best analog (since that is mostly what makes up the GDXJ).
As for the smaller Jr producers there really isn’t a great “bellweather” stock as they are all marching to the beat of their own drum. Look how hard some of the smaller producers like Pure Gold, or Jaguar, or K92, or Coeur have sold off over the last 3-6 months.
As for the Junior Developers, there really isn’t a great proxy for that space but one can also look at some of the more prominent development stage companies like Orezone, Integra, Seabridge, Sabina, Bluestone, Treasury, Perpetua, Bonterra, Chesapeake, Gold Standard Ventures, Midas, Goldquest, Liberty Gold, Triuph Gold, Montage, O3 Mining, etc… and it is easy to see their huge slide over the course of 2021.
As for the Junior Explorers, they are a very mixed bag, with some of the mania high flying narratives blasting well beyond the valuations of the developers and producers to nosebleed levels, while others crashed by 30-70% over the last year. There isn’t really a good “bellweather” or ETF or anything that summarizes the Junior explorers, so they are really all a case by case situation, where some get hot and pop like popcorn kernels, and other never get heated up enough or only partially pop.
For the Silver space, I do think something like a Hecla (with a balanced mix of gold & silver) is a good indicator of the most of the larger producers, and then Impact Silver, while a smaller producer, almost behaves more like an explorer (due to it’s fantastic exposure to exploration upside) and it tends to overly exaggerate the moves up or down in the metals space and seems to capture the sentiment of the Silver Jrs best.
I’ll stick with Wesdome in general then. It’s structure appears very telling.
Precious and ‘other’ metals are saturating down together this time : https://tinyurl.com/apjx59rc
Others : https://tinyurl.com/46mterc6
Thanks BDC. Wesdome is definitely best in class, but again, hasn’t really tracked the rest of the gold miners, as it tracks the best of the best, like Franco Nevada. K92 mining, or Newmont, or Coeur mining would be more accurate gauges of the sector, but GDXJ is probably the best indicator of the Mid-tiers.
Very true, and most are reflected well in the Indices/ETFs, as shown in the tables. However, Wesdome’s chart is more telling to me because, as ‘best in class’, breaking below its trading range would likely mean much deeper for the entire sector. (A ‘worst in class’ might give early turn indications!)
P.S. Do you find the Saturation/Power tables useful?
Gold Fails At $1,800, Another Selloff Might Be On Its Way
Kitco News – Aug 21, 2021
“Even though gold stabilized after last week’s flash crash, it failed to breach the $1,800 an ounce level. Markets are keeping a very close eye on the delta variant, Afghanistan headlines, and the Federal Reserve’s tapering signals at the upcoming Jackson Hole meeting. ”
Fed Chair Powell To Speak On ‘Economic Outlook’ Next Week
August 20, 2021 – by Ann Saphir Editing by Chris Reese and Sam Holmes
“Minutes of the Fed’s July meeting suggest policymakers are coalescing around beginning to taper their $120 billion in monthly asset purchases before the end of the year.”
“Some analysts expect Powell to lay out a clearer roadmap next week, particularly if he wants to keep the door open to an earlier start to tapering as favored by some Fed policymakers worried by recent high readings on inflation. Powell himself has argued that those readings are likely temporary.”
https://www.reuters.com/world/us/fed-chair-powell-speak-economic-outlook-next-week-2021-08-19/
Market participants analyze FOMC minutes and await the start of the Economic Symposium in Jackson Hole Wyoming next week
Gary Wagner – The Gold Forecast – 08/19/2021
Fed Minutes Recap And What’s Pushing Commodities Lower
KorelinEconomicsReport (08/20/2021) w/ Craig Hemke
Craig Hemke, Founder of TF Metals Report joins us to discuss the broad-based drop in commodities prices. In the past couple weeks everything from Base Metals to the Energy sector to Precious Metals have been dropping. We look ahead to what upcoming Fed events and government reports will be key catalysts for the commodity sector broadly.
http://www.kereport.com/2021/08/20/a-look-ahead-to-key-price-drivers-for-commodities/
Bubba Horwitz – The Fed Is Dead Wrong, Protecting Big Brother and Killing Market Freedom
Stansberry Research – Aug 18, 2021
“Ahead of the upcoming Jackson Hole Symposium, Todd “Bubba” Horwitz catches up with our Daniela Cambone to discuss what to expect from the Fed, and whether or not it will shift the current trajectory of the economy. Horwitz calls the Fed a “political hack” seeking nothing more than political power.”
Future Uncertainties Are Supportive of Gold, but Dollar Strength Keeps Prices Muted
Gary Wagner – Aug 20, 2021
“Although these uncertainties continue to weigh heavily on the minds of market participants and support gold prices, gold has not been able to break above $1800. After last week’s dramatic sell-off and recovery in gold pricing, investors and traders in the precious yellow metal were able to move gold to a higher high, a higher low than last week, and an extremely fractionally higher close when compared to Monday’s opening price. Gold futures basis the most active December 2021 Comex contract opened on Monday at roughly $1780.10 and is currently trading down $0.40 and fixed at $1782.70.”
“Today the dollar traded to the highest value intraday, hitting a high of 93.75. However, as of 5:00 PM EST, the dollar index is currently down approximately 11 points (-0.12%) and fixed at 93.475. The dollar index traded to its highest closing value yesterday and ended the week with significant gains of just under 1% to achieve the highest closing weekly value in 2021.”
“Another factor in containing any major continuation of the last rally in gold is a reignited interest in cryptocurrencies such as bitcoin and Ethereum. Bitcoin futures gained $2042 in trading today, a net gain of 4.33%, with a single coin currently fixed at $48,720. Ethereum gained 3.49 % in value today, with a single coin currently fixed at $3265. Recent increases in the price of these major cryptocurrencies have resulted in investors moving some of their speculative dollars out of the safe-haven asset, gold, and into digital currency speculation.”
“As for now, traders await Federal Reserve Chairman Powell’s speech that will be given on Friday, August 27, to glean insight as to the most recent monetary policy changes planned by the Fed. These changes will most likely be addressed next week, but any concrete timeline to when the Fed begins to taper its monthly asset purchases will likely occur at the next FOMC meeting in September.”
Kootenay Silver Announces Spin-Out of Canadian Assets
https://finance.yahoo.com/news/kootenay-silver-announces-spin-canadian-214700812.html
I approve.
Yes, that’s a smart plan for Kootney to spin out those Canadian Assets as they were not getting any value being inside of KTN, as most of their valuation has only been based on their Mexican silver projects. This allows KTN shareholders to benefit from another team taking on the Canadian projects, so it makes sense for existing shareholders, and for investors that follow the new spinco.
As mentioned yesterday, I was finally past my 30 day wash period on some stocks and started adding some back on Friday, but had to wait until this Monday and Tuesday for most of the tax loss sales I took to wash out other capital gains back in mid July.
Depending on how the markets open up next week, I plan on adding back big chunks of my (IPT), (PGM), (EXN) (GRSL) (KTN) and (LIO).
On the batteries front I’m going to be adding back my (HPQ) and (EFL) soon as well.
Ever Upward!
There is another wave of tax loss sales in my portfolio made in early August that I need to wait until early Sept to buy back, so hoping those don’t take off without me, but it seemed silly not to wash out the gains and avoid the taxes on capital gains while the sector was in the toilet.
Overall it has been an interesting exercise to rebalance my portfolio over the last 2 months because I cut some names from the roster, added in a few new ones, and trimmed down the overall count in my portfolio by close to 20 names. Most of the stocks I trimmed or sold out of are just going to be 31 day+ flips though, where I luckily avoided further losses over the last month, and am getting back in at a better cost basis.
Still, looking forward to adding or buying positions back in a number of stocks I do really like, as I was feeling naked without them over the last month.
I love when companies spin off assets!!
Agreed Charles, especially when they are a developer or explorer with a particular focus (like Kootenay with Silver in Mexico), or a particular focus in a commodity, where they spin out unrelated assets. This woukd be like what Karorra did with their Nickel assets, and like gold-focused Wallbridge should do with it’s nickel project Grasset. This is also what PM focused McEwen is planning on spinning out or selling their Copper project, and what Equinox did spinning out Solaris (which was a huge win for all parties).
There are times where I don’t like spincos though in producing assets, like what Gold Resource Corp did recently spinning out their Nevada assets (including a producing mine). I sold after that settled because I liked the diversidication outside of Mexico in Nevada and felt they couter-balanced one another, abd that they’d be weaker and less likeky to attract generalist fubds as smaller separate entities.
fubds = funds
+1!!
SLV has almost filled its huge December gap…
https://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=0&mn=11&dy=0&id=p78892622791&a=870048854
The golden Age of science fiction films was the 1950’s. My two favorite films are “The Day The Earth Stood Still”, and “The Incredible Shrinking Man”. The last episode in The Shrinking Man the main character Scott fights off a spider which he kills with a pin and then walks through the screen of the basement window into the garden, talking to himself that there must be some purpose to life.
Was it not the 70‘s
2001 (1968)
Star Wars (1977)
Alien (1979)
Blade Runner (1982)
The 50‘s might be the early ages
But the time when 2002, Star Wars, Alien and Blade Runner were created, was the golden age. I would add Enterprise and Dune to this age.
Interesting sci-fi discussion guys. I’d tend to agree with DT that the 1950’s sci-fi was prolific with over 100’s early films, and it was the Early Age of Sci-Fi and the explosion of comic books as well. One could also make the case that Star Trek in the 1960’s gave Sci-fi another big boost on TV, and while the story lines were more complex, the visual spectacle and special effects and costumes were of the same ilk as the prior 1950’s genre of films.
It could be argued though, that the whole Sci-fi film genre kicked off with the landmark film Metropolis in 1927. Similar to how Nosferatu kicked off the vampire films in 1922.
Having said that I agree with Thomas that 2001 Space Odyssey is really what kicked off the Golden Age of Sci-Fi in 1968, and was a film that changed the game in most film makers and film viewers mind of how much better the genre could be versus the corny ships and costumes of the prior films in the 50’s and 60’s.
After that the Golden Age of Sci-Fi emerged from the 1970’s and continued into the 1980’s with a much more complex and unforgettable field of Sci-Fi films that stuck with the public to this day.
In 1971 the film Andromeda Strain built on the sci-fi realism and visually stunning nature of 2001 Space Odyssey kicking off the 70’s. In 1971 Kubrick’s follow up film A Clockwork Orange blurred the line between Sci-fi and a bizarre vision of the future of society. 1971 also gave us Charleston Heston in Omega Man.
In 1971 another unique and groundbreaking film hit the screens, which would be the precursor to the largest sci-film of all time. George Lucas and Francis Ford Coppola, at their fledgling Zoetrope Films were also inspired by Stanley Kubrick’s 2001 Space Odyssey. In 1971 they also launched their first film, that Francis produced and encouraged George to Direct — THX1138 (which flopped initially before becoming a cult classic, but did launch THX sound that sticks with us to today). Since THX1138 was considered too adult and disturbing as a sci-fi dystopian future and surveillance state (that we actually live in today).
Then on the next film Lucas worked on a new generation of the Flash Gordon films of his youth in the prolific space opera and cultural phenomenon Star Wars in 1977. Both Star Wars and THX sound are still very much with us to this day, and the Star Wars universe became the quintessential Sci-Fi film franchise of all time.
Beneath the Planet of the Apes hit in 1970 (following up on the 1968 Planet of the Apes), followed by Escape from Planet of the Apes in 1971, and then was succeeded by Conquest of the Planet of the Apes in 1972.
1972 also served up the film version of time travel in Slaughterhouse-Five. 1973 gave audiences the original Westworld, and follow up Futureworld in 1976, merging man and machine, and that storyline is still with us today with a relaunch of the Westworld series a few years back.
1973 also gave audiences a nerdy sci-fi romp into the future with Woody Allen’s The Sleeper. 1974 presented audiences with Sean Connery in the bizzaro sci-fi odyssey Zardoz. In 1976 Logan’s Run took a similar theme to THX1138 with a humanity living in an underground city as well, and was both a visual and audio stunner.
On TV Sci-Fi flourished with with The 6 Million Dollar man (from 1974-1978), Land of the Lost (1974-1977), and then from 1978-1979 the very popular TV series Battlestar Galactica also thrilled sci-fi fans as humans set out to colonize distant worlds. It was revamped in the early 2000’s and still has a big fan base today.
Then from a rivaling college film group, and peer of Lucas & Copola, Steven Spielberg directed Close Encounters of the 3rd Kind in 1977, which was another landmark Sci-Fi film of the Golden Age. Spielberg hit it big in sci-fi again 5 years later with E.T. the Extra-Terrestrial in 1982.
1979 launched the modern version of Flash Gordon with Buck Rogers in the 25th Century.
Then in 1979 Ridley Scott’s Alien showed just how scary the cold isolation of outer space and alien life forms could really be, and remains unforgettable.
1979 also gave us James Bond in Moonraker, cashing in on the Sci-Fi phenomenon. In 1979 Walt Disney stunned audiences with an outer space saga The Black Hole. 1979 also brought to the big tv franchise success to the big screen with Star Trek the motion picture, wrapping up the decade.
The Fed is as much Science Fiction as I can handle. But, great history lesson. 🥴
2001, Alien and Blade Runner are timeless
You could view them today and they are still as realistic as they were 50 years ago
Unfortunately, The FED is fact.
Ex, Do you remember the 1953 movie, It Came From Outer space, a space craft from outer space makes a forced emergency landing in The Arizona desert. One man witnesses that something strange is going on. Of course the humans don’t trust the aliens who are just trying to get their space craft repaired. Aliens could be amongst us now but the humans would probably want to bring the armed forces out. It was all a dream in 1953 but now I believe there are so many sightings in the last 75 years since Roswell that there are probably aliens who have adapted our lifestyle and are mingling freely here.
Yes, DT. It Came From Outer Space is another classic for sure. As for aliens being among us now, I wouldn’t rule it out completely. It also makes me think of that film by John Carpenter “They Live”.
John Carpenters Dark Stark was the first movie that used the term alien 1974
He started it as a student project 1970. It was largely inspired by 2001
I think „The thing“ (1982) and „They live“ (1988) are cult SciFi movies too
Next month a new area of Science Fiction will start with Apple TV‘s Foundation
https://m.youtube.com/watch?v=1ZznRpweo-E
It will be the event when Apple enters the streaming business with a SciFi movie that only Apple could produce and everybody wants to see
Foundation Teaser 2
SILJ vs GLD finished the week on the weekly P pivot and 10% below its 8 year MA and 7% below its 2 year MA. It was also the lowest weekly close in over a year. The weekly charts obviously show that the sector could plunge again on Monday but all the shorter term charts suggest than any plunge will probably be over quickly and followed by quick moves higher. SILJ to 11.70 – 11.60 could happen fast.
https://stockcharts.com/h-sc/ui?s=SILJ%3AGLD&p=W&yr=8&mn=0&dy=0&id=p41685992791
SILJ finished the week 2 cents above its 200 week EMA but below P.
https://stockcharts.com/h-sc/ui?s=SILJ&p=W&yr=2&mn=1&dy=0&id=p36026328627
Three supports that GDXJ finished the week at…
https://stockcharts.com/h-sc/ui?s=GDXJ&p=W&yr=3&mn=11&dy=0&id=p69759784018&a=940297068
HUI finished near speed line support.
https://stockcharts.com/h-sc/ui?s=%24HUI&p=W&yr=3&mn=3&dy=0&id=p24438445047&a=949257852
As if it matters I put in 1/2 position in nugt friday…..several reasons…just a trade….but i think the intermediate equity correction was morphed into a trading cycle low on TT/Fri…inflation trade will resume…The gdx chart looked ready to reverse…the dollar should have a short term top here..although i do acknowledge some juicy gaps not far below…but gdx did test and reject the weekly swing low of 3/1 w 50% less volume while the daily has been forming RSI lows since 6/18..lmao…glta
I agree, Larry. I’m simultaneously confident and concerned about another spike down. There are plenty of bullish developments as well as a few bearish ones. I hate when that happens.
GDM vs Gold is interesting:
https://stockcharts.com/h-sc/ui?s=%24GDM%3A%24GOLD&p=D&yr=1&mn=7&dy=0&id=p47972802464&a=818909011
Gold looks good from several angles.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=7&dy=0&id=p91900838618&a=931628026
I really like the breakout and backtest of this big parallel channel:
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=7&mn=3&dy=0&id=p13361730940&a=716061806
yes another great view Matthew…Worth saying the obvious…Gold could simply slowly ride the upper channel trend line for quite a while as accumulation tries to predominate..Just a thought…
Yes, it just might do that while the rest of the sector gets its act together.
Silver tested two important supports on the 9th…
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=1&mn=6&dy=0&id=p48108876709&a=514789513
Here’s a support at about 22 on Monday:
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=4&mn=9&dy=0&id=p11794905324&a=555885032
Two more supports hit on the 9th…
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=1&mn=7&dy=0&id=p46798842507&a=849938118
The 2 year MA will roughly match a fork support at 21.90 on Monday…
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=1&mn=3&dy=0&id=p28474796189&a=1006592642
The Canadian dollar is oversold for the third time in two months and looks ready for a good rise.
https://stockcharts.com/h-sc/ui?s=%24CDW&p=D&yr=1&mn=0&dy=9&id=p80317937179&a=579387550
Hey Matthew, when you called out a few days back that the Canadian dollar was potentially going to drop, I had heard you but I didn’t realize it was going to drop as much as it did. O should have asked you why you were thinking it would drop and for what reason. I was busy the other day doing a fair bit of hedging as a result. I guess I have to listen to you with both ears going forward. 😉
I think I was probably looking at that little H&S top if I remember my comment correctly. The right shoulder was formed and sitting on the neckline at the time. The next day, it dropped.
Faster, Lithium, Faster!
Sean Brodrick – August 21, 2021
If you’re not investing in battery metals right now, you’re probably not doing it right.
“By battery metals, I mean the metals making the wheels of the electric vehicle (EV) revolution spin round and round. Lithium, sure. But also Nickel, Cobalt, Manganese and Copper. And Graphite, too — even though it’s not a metal, it’s used in EV batteries.”
“Today, we’ll just talk about lithium. Prices for the metal have been on a tear this year as demand ramped up…”
Scott Wren – Is a Near-Term Market Correction Coming Sooner Than We Think?
Stansberry Research – Aug 19, 2021
“For the most part, it’s been on a one-way ticket higher for the S&P 500 since it bottomed out in March 2020. Since volatility has picked up recently, there’s been a lot of chatter that this could be the beginning of a market correction.”
“Our Daniela Cambone asks Scott Wren, senior global market strategist for Wells Fargo Investment Institute, if a near-term market correction is coming sooner that we think? Wren discusses triggers such as inflation and the COVID-19 delta variant, and what investors can do now to prepare. ”
Bryan Slusarchuk – It’s Hidden In Plain Sight – Prepare Yourself
I Love Prosperity w/ Jake Ducey – Aug 11, 2021
“In this video, we talk to Bryan about Gold, Silver, Mining Stocks, Inflation, the future of the monetary system and much more. ”
(Bryan is the prior co-founder and President of K92 Mining, as well as the CEO of Fosterville South and Zacatecas Silver)
Gold (Unloved) Yet to Get the Cash; S&P (Adored) Yet to Get the Crash
Mark Mead Baillie – Aug 22, 2021
“Never was anything of such high intrinsic value so unloved: Gold.”
“Never was anything of such low earnings output so adored: the S&P 500.”
A very powerful message from Bryan.Sadly:, how many of the masses have the opportunity to listen to his piece?. Thanks Ex.
Agreed Ann. Bryan S. did a solid job of outling the investment thesis at present for both the gold and silver sectors in that interview with Jake.
As to your point about the masses not getting the opportunity to hear those points, then by sharing this with others, hopefully more will wake up to these remaining outlets discussing hard money. That’s why we all share ideas here and repost interesting discussions, so more people do get a chance to hear them, but it does take an investment of time into each of our educations to keep learning.
Cory and I interviewed Bryan a little while back regarding Fosterville South, and hopefully we’ll get him back on show again in the not-too-distant future, where we get a few of his thoughts on the macro setup as well.
Ira Epstein’s Metals #Video (8/19/2021)
Technical Analysis, Gold, Silver, Copper, Platinum
Gann Global Financial Video Update In The Metals:
James Flanagan – 8-19-2021 #TechnicalAnalysis
http://www.gannglobal.com/webinar/2021/08/21-08-19-Webinar-or-Video-Offer-Is-Open-MF-2.php
Gold Price Forecast – Gold Markets Continue to Show Hesitation
Christopher Lewis – Aug 20, 2021
“Gold markets have gone back and forth during the trading session on Friday, as we continue to see the 50 day EMA just above offer resistance. I believe there is a significant amount of resistance that extends above there and towards the 200 day EMA, so we are more likely than not going to see some type of pullback.”
“If we break down below the lows of the week, then I think gold more than likely goes looking towards the $1750 level, which has been supportive more than once. If we break down below there, then the market is likely to go looking towards the $1680 level, which has been a bit of a “triple bottom”, so I think it is probably going to continue to offer support, but the fact that the area has been tested so many times tells me that it could very well give up supporting the market.”
“If it does, then I anticipate that the market goes plunging towards the $1500 level, an area that of course will attract a lot of attention. If we get to the $1500 level, one would have to think that the marketplace would have to take a serious look at the overall risk picture. The US dollar of course is highly influential as well, and as we continue to see the dollar picked up strength, gold will lose it. If we were to somehow break above the 200 day EMA, then we could start to think about buying.”
A lot of good postings. They have convinced me that things could go up or down. I will act accordingly.
Great news:
Donald Trump booed at Alabama rally after encouraging his supporters to get vaccinated against COVID-19
https://news.yahoo.com/donald-trump-booed-alabama-rally-090017829.html
He should be booed…….. playing into the scam artist … BIG PHARMA….
He’s one of them like I said from the start.
You were correct…. If, you remember, I said Silver Stealer, had him pegged also…
Hard to believe so many were and are hood winked …
I thought we should give him a go…. not realizing he was full of so much BS., all
a good Q plan… lol…
Trump the Trojan Horse……. as I called him, ….all is on record.
Cherry on the Top, was the Covid BS, out of his mouth….
When you find out that Trumps vaccine had hydroxychloroquine, ivermectin, doxycycline and zinc. And then was changed to the computer generated genetic bioweapon shot.
All that stuff will come to light. The great awakening event will be when people realize the jab is about depopulation. They all are going to go ape sh-t crazy.
Question: since the jab was the cherry on top for you, “what was the other things that told you he was one of them?
5D is completely in play!
And nothing can stop what’s coming, nothing!
HE IS SPECIFYING WHICH ONE…………. HE SAYS JUST GET THE JAB…..
Which most morons would not know the difference…..
I think we have been saying DEPOPULATION for some time….
all the dots have been connect here, IF, anyone paying attention….
What is coming , …….. going to take a lot more getting a wake up call……
Trumpster, better get his message correct,… how many times is he going to
screw up….
You can’t expect the man to come out and say, “they are trying to kill all of you”, can you?
People have to be shown the truth. The proof of that is, about 87% of the public still thinks 911 was done by those 19 middleastern patsies. When “we know” it was an inside job.
All those folks that took the jab should have done more research. They will have to take ownership for the stupidity.
That’s not Trumps fault.
HELL YES,…….. Wake the stupid up……. pussy footing around has not gained one life….
HE WAS THE PRESIDENT OF THE US “of” A….
He should have LOCKED UP HILLY……should have done what he said… more deaths followed.
He should have exposed the CIA, FBI , should have fired ROSIE….
Should have AUDITED THE FED…..
Should have RELEASE THE TAPE and FILES on JFK….like he said….
Should have…. well, I could go on….
He also, knew about 9/11, he was there…. no excuse…. if, he knew about construction, he knew about implosion of buildings… no excuse IMO.
If, he has released the files on JFK…… 9/11 investigation would have been the next step, connecting the crime families… , going way back… NO EXCUSES…
He even has us going with McCain…. another story… remember the funeral…
BTW………. WHAT Happened on AUG 13…….. that we were WAITING ON…
has to had… sorry for the typos…
Also…… I still appreciate all your comments Chartster….
OOTB,
What you don’t get is, the chess game as to be played out completely to get to the great awakening. What if Trump won the election (which he actually did) and we would have never known all the bad elected officials at the state level.
All of this is to take the house of cards down. As in, drain the swamp completely….!
We still are going to see:
WW3 almost
The everything bubble
Mandatory vaccine
And 10 days of darkness
Buckle-up, cause all this is coming!
And it had to be this way.
You can’t tell the people, they have to be shown..
Stop the buffoonery, Chartster. Your belief in Trump proves that you are still fast asleep.
That’s funny.
Pathetic is more accurate.
I agree. You are pathetic.
Your gonna go bat shit fkn nuts when:
Trump comes back in office.
The everything bubble hits.
The military tribunals go public.
And (…drum…roll…) gold hits 1050!! 😂
You think I’d prefer for Biden to remain instead of Trump? You’re confidence shows your extreme delusion since you’ve never been right about anything including gold. You will never see 1050 for the rest of your life, silly boy.
Chartster…….. you should know… IT IS IMPOSSIBLE to …..
” drain the swamp completely….!”
There will always be complete crooked people… in DC.
I hope his supporters didn’t pick up covid or lived out of state as no room in Alabama
“No room” is another fraud across the country. Some are outright media created lies and others are based on the number of beds chosen by each hospital to be reserved for covid patients. For example, a 100 bed hospital might reserve 3 beds for covid patients even though the rest will be used if needed. When those 3 are full, voila, there’s no room! Oh no!
Trusting Fauci et al is like trusting a Fed chair or the NYT’s Paul Krugman (a total nut/fraud of an economist) or the FDA’s garbage “food pyramid” etc. Don’t do it.
Don’t forget that Fauci told South Dakota’s governor she’d be in deep trouble for her policies last year and predicted 10,000 patients swamping here state’s hospitals. He was too high by about 20 times. Then there’s Sweden, mysteriously ignored by our criminal media because deaths have fallen to zero while the people remain free of the nonsense that is destroying the rest of the West.
https://fee.org/articles/daily-covid-deaths-in-sweden-hit-zero-as-other-nations-brace-for-more-lockdowns/
Then there’s this:
Denmark Abolishes All Corona Measures
https://rumble.com/vl7v4d-denmark-abolishes-all-corona-measures.-.html
Has CNN or FOX addressed it? I wouldn’t know but I’d bet not.
Whatever. A lot of extra sick people are a pain in the ass.
Tell that to the millions of lives ruined by the completely fraudulent experimental injections which are far deadly than the virus AND do NOTHING to stop the spread.
The miners may be problematical as countries move to nationalize precious metal mines in some jurisdictions as their fiat currencies devaluate.
They’ll likely keep the façade of fiat currencies aloft longer than people think, despite it ultimately being a race to the bottom and devaluation.
As for mine nationalization concerns, we’ve heard about those for decades, and while it has happened periodically in history, it isn’t the primary risk to miners. I’d be most concerned with countries with a history of it happening like Mongolia, Kyrgyzstan, or Zambia, or the countries that have changed their exorbitant taxing to almost force out foreign business like Tanzania, Papau New Guinea, or Ecuador in the past, and Peru/Chile in the present.
A much larger risk is the denial of permits, political will power, and the huge risks in not properly engaging in obtaining local support of the project and gaining the social license. If a local or national political party things it is not in their best interest to forge again with permitting a project, a license to produce, an environmental license, etc… then this can kill a project quicker than anything.
From that standpoint the USA, Canada, Mexico, Australia, and European Union are still every bit as tenuous, and in many places worse than some of the countries in Africa, Asia, or South America.
https://www.youtube.com/watch?v=ht1EbnUuq-M
More on the scam artist…. NWO….LOCK DOWN FOR TAXES…
If there is a bad break soon in the stock market, most speculators will take a lesson they have learned in the past, when there is a break it is a good time to buy. When you get the speculators coming back to the market and prices start rising again and then about two or three weeks later the decline begins again, speculators will be more reluctant to keep buying in on a decline if the breaks keep happening in a short time frame. That could be the signal the stock market is fundamentally unsound. Especially if the volume of trading starts increasing significantly.
This is what they get for dumping american jobs…..
https://www.zerohedge.com/geopolitical/beijing-considers-making-us-listed-companies-hand-over-data-control-state-firms
The irony runs thick as a nation like China, that has been stealing intellectual property and tech data for decades from the US, Canada, Australia, and Europe, is now suddenly overly sensitive to it’s data getting out and slipping into foreign hands.
Talk about the pot calling the kettle black….
Chinese do not consider this to be stealing. The US does consider it stealing but the Americans still do it, even though they know it’s wrong.
The Dollar Gap is filling ( ‘now’ 93.1636) : https://postimg.cc/nsRph1F8
Added to Labrador on the open
Good add. Good move today and drill results seem to be improving.
Brixton Metals Intercepts Visible Gold in Multiple Drill Holes at the Trapper Gold Target
https://finance.yahoo.com/news/brixton-metals-intercepts-visible-gold-120000409.html
Is gold setting up a gartley sell…could be…today gold has crossed its B point with big volume…it would target the 1925 area no problem…..
HUI closed below all of its weekly EMAs last week but is now above the 233, 377, and 600 week EMAs after bouncing off of a fork support. Looks good and the low even came with a weekly RSI bullish divergence.
https://stockcharts.com/h-sc/ui?s=%24HUI&p=W&yr=3&mn=3&dy=0&id=p61163397055&a=933405939
SILJ pierced its 610 and 987 day MAs last week before reversing (987 is the Fib number that follows 610).
https://stockcharts.com/h-sc/ui?s=SILJ&p=W&yr=3&mn=11&dy=0&id=p88425610843&a=822791467
It also closed below its weekly P pivot for the first time in well over a year and closed on its 200 week EMA. Those weekly STOs reached lower levels this time than during the covid plunge.
https://stockcharts.com/h-sc/ui?s=SILJ&p=W&yr=2&mn=1&dy=0&id=p31498847277
Looks like the perfect time to sell/short QQQ and buy GDX…
https://stockcharts.com/h-sc/ui?s=GDX%3AQQQ&p=D&yr=1&mn=3&dy=22&id=p39425651174&a=1013313101
Matthew you are calling for miners to proceed up as the general equity sell off?…That would be an epic call…I think in a margin clerk call panic, people have to sell anything..imho…..gold stocks are just that….not looking for confrontation at all, just an opinion from watching gold minors during sell offs….Of course you have a larger time frame than I trade from…
Larry, I’m calling for miners to outperform from here. In other words, QQQ will fall versus the miners but not necessarily versus the dollar.
I have not agreed with those who see a stock market crash coming this fall and still don’t but I do think an intermediate correction will start soon. This will put a huge bid under the miners as the senior golds are now in the best shape they’ve been in for many decades.
Unlike the last two decades, gold will dramatically underperform the miners for many years to come (with countertrend moves along the way, of course).
i am out of nugt…not right yet on volume or indicators…imho
that is fair…thanx Matthew
Larry, I think SILJ vs GDX is about to confirm the switch to risk-on for the sector and that would obviously bode well for your NUGT.
https://stockcharts.com/h-sc/ui?s=SILJ%3AGDX&p=D&yr=1&mn=3&dy=0&id=p98057515607&a=1014251382
On the following GLD chart, notice that fork support (and the 2012 all-time high yearly close) held too well to allow for a test of the 2 year MA (506 day MA) but it was tested and pierced this time. Watch that upper fork resistance for a stall and then a big breakout…
https://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=1&mn=10&dy=0&id=p40880606950&a=753284548
It is funny to find out that Russell Brand is more rational than any leftist I’ve come across on any of these financial site comment sections.
https://www.youtube.com/watch?v=UGgvgKE0n8o
I have been listening to Russell B… for the last few weeks… really spot on , with some of his comments… JMO
The anti-science powers that be have completely duped at least half of the population and they will keep abusing everyone as long as their Kool-Aid drinkers choose to remain their stooges.
A PATHOLOGIST SUMMARY OF WHAT THESE JABS DO TO THE BRAIN AND OTHER ORGANS
https://www.bitchute.com/video/TsdTTHJteilw/
Egon von Greyerz is absolutely right, just look around: “Moral and ethical values are gone in the western world. This is not new in history. It happens at the end of major eras or cycles, such as when the Roman Empire disintegrated economically and morally. Decadence was rampant then as it is today. So were debts and deficits…”
Roman Empire…….. history at it’s best example…. If, college educated (boomers)students would have listened and learned, .. we would not be in this mess…
Just to stupid for words… FAKE FED.. MONEY CLIPPERS…. lol…
i just want to see gdx retest the high of 8/19 on much lighter volume for me to get full in nugt….That high is 31.45……That also would be a test of the upper channel line…….and that would fulfill a retest of the OUL at 31.80……then i would go for it….for the trade to target 35.82 high volume high re-test…
https://tos.mx/59Eyjsk
That’s an interesting requirement. I’m sure you have another way to get long if if it goes higher instead and then pulls back to a level well above 31.45.
From Bob’s 321 gold, this interview is a must watch for all:
https://articles.mercola.com/sites/articles/archive/2021/08/22/microbiologist-explains-covid-jab-effects.aspx
Hope some of the mining, minded….. get over and listen and read……
there is more than PMs that should be on the ENTIRE WORLD’S MINE….at this time. JMO
Big rally for vaccine choice today at 11:30 am at the Texas Capitol building. Freedom!