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Recapping this week for metals investors

Cory댊
September 17, 2021

Craig Hemke, Founder and Editor TF Metals Report joins us to recap the week of trading in gold and silver and look ahead to some potentially market moving events next week. Unfortunately it was another down week for PM investors with the stocks also following to the downside.

Click here to visit Craig’s site and keep up to date on his thoughts on the metals.

Discussion
49 Comments
    Sep 17, 2021 17:11 AM

    Craig Hemke – Something Big Is Happening In 4th Quarter

    The Financial Brief – Sept 17, 2021

    “In this video Craig Hemke talks about why we should prepare for an economic downturn and hold on to our precious metals.”

    https://youtu.be/UnQxXVgmBnI

      Sep 17, 2021 17:13 AM

      Craig Hemke – Economic Downturn in 4th Quarter

      Liberty & Finance w/ Elijah K. Johnson – Sept 10, 2021

      0:59 Gold/silver pullback
      3:22 Key price levels
      7:19 Fed taper?
      10:23 People will wake up
      14:07 The Fed & markets
      17:16 Vaccine mandate
      20:25 Economic outlook

      https://youtu.be/dcLC1wr2t9c

    Sep 17, 2021 17:15 AM

    China Evergrande’s Snowballing Debt Crisis

    Reuters – Sept 14, 2021

    “China’s most indebted property developer Evergrande Group is struggling to solve its debt crisis, while there are increasing signs that policymakers are stepping in to avoid a hard landing for a company deemed too big to fail…”

    https://www.reuters.com/article/china-evergrande-debt-idCAL1N2QC07N

    Sep 17, 2021 17:17 AM

    Isn’t Denison a low cost North American uranium producer with its Wheeler River project?
    Isn’t the Ortalyk mine, 49% owned by CGN Mining(1164:HK), even better?

      Sep 17, 2021 17:26 AM

      Denison used to be in production in the US in the prior Uranium cycle, but sold all those assets a while ago, offloaded their African Assets into GoviEx, and have focused on exploration and development assets in the Athabasca Basin in Canada the last few years.

      Their Wheeler River and Phoenix projects are development stage, but not currently in production, so they are essentially a developer. (DNN) (DML) will be the first Canadian company in development to get their project into production, years before other companies, but they are going to pursue the ISR insitu mining method which has never been tested in Canada or the Athabasca before.

      Denison still has a partial stake in the McClean Lake Mill in the Athabasca, that processed ore from Cameco, but that mine is on care and maintenance still.

      Denison used to manage and be the custodian for the Uranium Participation Trust, but over the last few months that was acquired by Sprott and turned into their new Sprott Physical Uranium Trust (U-UN.TO), and that is the vehicle mopping up so much of the spot U308 market with their At The Market financings then tasked with buying physical in a 30 day window. This buying has accelerated the recent move up in spot pricing and given the miners another boost.

      I nibbled at a little (UUUU) (URG) (UEC) and (NXE) today now that some of them have corrected down 15% from where I trimmed them, but I’d get more interested if we saw a deeper corrective move.

        BDC
        Sep 17, 2021 17:41 AM

        Preview : https://tinyurl.com/2vc9pznu
        Note new category, especially in “Related”.

          Sep 17, 2021 17:53 AM

          Yes, I see the 2 Uranium ETF have those dark grey cells for “Dynamic Power.”

            BDC
            Sep 17, 2021 17:41 AM

            Below that see “Saturated Turn” in shaded gray.
            It is an “Active Date”, so this may change.
            Otherwise, the Uranium top is in.
            Earliest bottom Wednesday.
            That is FOMC day !!

            BDC
            Sep 17, 2021 17:13 PM

            Adjusted for greater clarity.

    Sep 17, 2021 17:18 AM

    BlackRock Fund Manager Says He’s Cut Gold Holdings To ‘Almost Zero.’ Here’s why.

    Market Watch – Sept. 17, 2021

    “Fourteen months ago, we had a fairly significant position in gold. Today, we’ve reduced it to almost zero,” Russ Koesterich, the manager of BlackRock’s Global Allocation Fund MALOX, told Bloomberg in an interview.

    “We primarily think of gold as a hedge against equity risk, and that works when you’ve got an environment with real rates that are flat or declining. If part of our view is that real rates normalize a bit, that particular commodity is unlikely to work as well as it did in the middle of 2020,” said Koesterich.

    Near term, he said there are likely “better hedges against inflation in the equity market and rather than own an asset that doesn’t produce cash flow, we would rather hedge some of the near term upside with stocks that have pricing power.”

    https://www.marketwatch.com/story/blackrock-fund-manager-says-hes-cut-gold-holdings-to-almost-zero-heres-why-11631879282

    Sep 17, 2021 17:20 AM

    10 year yields…Weak move up at wave E already after achieving a mere .382 retracement…Just not strong…But strong enough to put some dollar strength in….No luck on this front towards gold strength…But the move appears counter-trend and waning …..

    https://tos.mx/ODszJon

    Joe
    Sep 17, 2021 17:23 AM

    No need to listen to these clowns anymore, the writing is on the wall. Another crash is in the cards and the PMs & miners are flashing this right now.
    BHP and RIO both have been crashing for the past month, along with all the other miners.
    It’s over now, finished. If you haven’t sold out by now then you’ve probably watched all your stocks go from being in the green to now at least at break even or in the red.
    Sell NOW!
    If you don’t, you will regret it. Come November everything will be much lower.
    MUCH LOWER.

    Sep 17, 2021 17:24 AM

    Where did CGN Mining get 1/2 billion to buy their stake in Ortalyk mine from Kazatomprom? There’s plenty of cash here for Evergrande too.

    Sep 17, 2021 17:28 AM

    The silver miners usually provide at least 2 to 3 times leverage to the price moves of silver yet they gave virtually no leverage during silver 5% drop yesterday and today is even better, much better. SIL and SILJ are both down less than half as much as SLV at the moment.

    Interesting SILJ:SLV pattern:
    https://stockcharts.com/h-sc/ui?s=SILJ%3ASLV&p=D&yr=2&mn=2&dy=0&id=p70065709770&a=798299596

      Sep 17, 2021 17:43 AM

      Trading cycles are about 28 days for gold, this is day 28 since the previous one… today is much better candle to form a swing low from….3 candle morning star would do the trick….miners are NOT being dumped…no

      https://tos.mx/bnsiXFP

    Sep 17, 2021 17:34 AM

    SILJ is still up over 3 percent versus SLV this week and its decline since June is long in the tooth…
    https://stockcharts.com/h-sc/ui?s=SILJ%3ASLV&p=W&yr=2&mn=2&dy=0&id=p05404715766&a=1028057241

    Sep 17, 2021 17:45 AM

    FWIW:
    I looked at my ‘not as good as good as Matthew’s and Doc’s” charts today and found several of my miners at, near or below the their lower Bollinger Bands. RSI fairly low also. Here are the ones that are the most oversold in random order;

    Emerita, Labrador, Discovery Silver, Summa Silver, Silver Tiger, Blackrock Silver, Great Bear and Big Ridge. Another interesting thing were most of the remainder were around their moving averages and I think it was a 20 day.

    Sep 17, 2021 17:08 AM

    MAKE YOUR MOVE !!!!

    1980 to the year 2000 was up and down up and down up and down. 20 YEARS

    We are now and about the 10th year of this with the mining shares- up down …..

    I suspect this type of action will end at the end of this year. I’ll place the odds of about 90%.

    Reason: debts are soaring to astronomical levels on steroids. The up down action is going to end at the 10-year mark not at the 20-year mark from 1980 to 2000.

    Unless we have a Black swan and that comes earlier rather than later waiting till next year.

    Confidence will be lost soon. I’m not convinced of an $8,000 gold price at the end of 2022 like Michael Oliver forecasted. The gold crowd there will be content with $3000. Although I think 5,000 is possible within a few years and possibly even 8 or 10,000 like Michael Oliver said.

    So, either buy now gold mining shares and take your chances or wait until December to pick up bargains if that scenario comes to fruition.

    With that being said, there’s nothing else to do except keep scratching your head in frustrations. Is that your favorite pastime ?

      Sep 17, 2021 17:24 PM

      Psalm 90:10
      New International Version
      10 Our days may come to seventy years,
      or eighty, if our strength endures;
      yet the best of them are but trouble and sorrow,
      for they quickly pass, and we fly away

        Sep 17, 2021 17:41 PM

        Make Your Move

        1 Peter 1:24-25
        For all flesh is as grass, and all the glory of man as the flower of grass. The grass withereth, and the flower thereof falleth away:

        25 But the word of the Lord endureth for ever. And this is the word which by the gospel is preached unto you.

        James 4:14
        Whereas ye know not what shall be on the morrow. For what is your life? It is even a vapour, that appeareth for a little time, and then vanisheth away.

        Matthew 6:24
        No man can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. Ye cannot serve God and mammon (money)

          Sep 17, 2021 17:45 PM

          Bible studies now

            Sep 17, 2021 17:50 PM

            Matthew 24:10-12
            And then shall many be offended, and shall betray one another, and shall hate one another.

            11 And many false prophets shall rise, and shall deceive many.

            12 And because iniquity shall abound, the love of many shall wax cold.

            BDC
            Sep 17, 2021 17:51 PM

            “… hours could seem like days.” ~ Spock

            b
            Sep 17, 2021 17:43 PM

            I thought thought that was sunday.

    Sep 17, 2021 17:22 PM

    Conditions will improve when Xi learns to keep his mouth shut and his hands in his pockets.

    b
    Sep 17, 2021 17:17 PM

    China boxes clever and seeks to outwit America’s growing military belligerence through its economic clout

    https://www.rt.com/op-ed/535112-china-boxes-america-growing-military/

    China could be out maneuvering america big time.

    b
    Sep 17, 2021 17:18 PM

    CHINA’S SHENZHOU-12 SPACE MISSION CREW SAFELY LANDS AFTER 90 DAYS IN SPACE

    https://southfront.org/chinas-shenzhou-12-space-mission-crew-safely-lands-after-90-days-in-space/

      Sep 17, 2021 17:14 PM

      Why don’t Chinese astronauts brush their teeth in space?
      Cause they got no teeth.

    b
    Sep 17, 2021 17:23 PM

    T i a n gong space station

    T i a n gong, officially the T i a n gong space station, is a space station being constructed by China in low Earth orbit between 340 and 450 km above the surface. Being China’s first long-term space station, it is the goal of the “Third Step” of the China Manned Space Program. Wikipedia
    Launch date: April 29, 2021
    Orbit height: 425 km
    Manufacturer: China National Space Administration
    Length: ~ 20.00 m
    Mass: 100,000 kg
    Orbital inclination: 41.546°
    Orbital speed: 7.68 km/s

    b
    Sep 17, 2021 17:26 PM

    Is China already the world’s most dominant economy? –

    The …https://www.economist.com › .. › Sep 18th 2021 edition
    5 hours ago — To gauge a country’s economic “dominance” M r Subramanian combined its share of world trade, net capital exports and global GDP (measured at both .

    Anyone that cant see whats happening is blind.

      Sep 17, 2021 17:43 PM

      America’s nationless puppet masters are behind America’s fall AND China’s rise. The sheeple are indeed blind.

        Sep 17, 2021 17:52 PM

        Ditto…….

          Sep 17, 2021 17:01 PM

          Jeremiah 1:10

          See, I have this day set thee over the nations and over the kingdoms, to root out, and to pull down, and to destroy, and to throw down, to build, and to plant.

            Sep 17, 2021 17:06 PM

            Psalm 9:10
            King James Version
            10 And they that know thy name will put their trust in thee: for thou, Lord, hast not forsaken them that seek thee.

            Sep 17, 2021 17:15 PM

            2 Chronicles 7:14
            If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.

            Sep 17, 2021 17:56 PM

            Proverbs 30:12

            There is a generation that are pure in their own eyes, and yet is not washed from their filthiness

            Proverbs 14:12

            There is a way that seems right to a man, but its end is the way of death/eternal punishment the second death gehenna.

        Sep 17, 2021 17:34 PM

        Ask any sheeple, Who is running the country?
        They will answer, Joe Biden.

          b
          Sep 17, 2021 17:40 PM

          Of course its Joe.

      Sep 17, 2021 17:01 PM

      China climbed up on the back of the US but they think they did it all by themselves. I’m sick of Chinese bullshit talk.

    Sep 17, 2021 17:54 PM

    Silver is close to multiple supports including its 2 year moving average.
    https://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=1&mn=3&dy=0&id=p68806183599&a=1006592642

    BDC
    Sep 17, 2021 17:33 PM
    Sep 17, 2021 17:50 PM

    By the end of the year most of the pain should be over for the PM stocks. The silver chart still looks awful and a lot of the silver companies have farther to fall—just be patient and you will have deals you can’t imagine.

    Sep 17, 2021 17:55 PM

    This guy covers it all. Some encouraging technical forecasting that he shows for silver…
    That’s as far as I’ve watched thus far’
    “Francis Hunt”:
    https://www.youtube.com/watch?v=cVw-7wkpqv4&ab_channel=PalisadesGoldRadio

    Sep 17, 2021 17:09 PM

    Drilling in Nevada Panel

    6ix – Thu, Sep 16, 2021 #Webinar

    Join four industry leaders for an insightful discussion on the current state and future of mining in Nevada. Hear from:

    Ridgeline Minerals Corp. TSX-V: RDG | OTCQB: RDGMF

    Contact Gold TSX.V: C, OTC: CGOL

    Headwater Gold CSE: HWG

    Gold Bull Resources TSX-V: GBRC, OTC: GBRCF,

    https://webinars.6ix.com/6ix/Drilling-in-Nevada-Panel?bmid=fb23f6664e18

    Sep 17, 2021 17:29 PM

    So what’s the problem with PMs/miners spitting big cash flows, etc. Possibly if one thinks about the programmers of the machines controlling 90-95% of trading, we would have to assume they’re a different generation. Many in their 30’s or younger. Isn’t it realistic to see they have a totally different mindset than we old timers who have followed and believed in gold for at least 30 or 40 years? Most probably believe in cryptos as one of the new saviors. Gold and silver is so yesterday……..No? All I know is that my stash of physical won’t ever be sold. Last added to it in 2016. Have considered cashing in my trading account and applying it to physical but likely won’t. I remember too many times when things came back, big, like January of 2016. I’m willing to wait for that event again because I know it’s coming. Just don’t know if I’ll be around to enjoy it once more but will gamble that I am………..Just my take.

      BDC
      Sep 17, 2021 17:44 PM

      The key is defeat of the Master/Slave Ideology, which has brought down every Western Civilization; even the great Doric Spartans, and of course their antecedents.