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Markets and Metals – Extended Segments with Rick Rule and Joe Mazumdar

Cory댊
October 2, 2021
Full Weekend Show

In this Weekend’s Show we feature two extended segments with Rick Rule and Joe Mazumdar. That means we are focusing on investing in resource stocks, ranging from precious metals to uranium and copper. We hope you all enjoy this metals focus Weekend Show!

As always please keep in touch by emailing us at Fleck@kereport.com and Shad@kereport.com.

  • Segment 1 and 2 – Rick Rule, Investor and Speculator kicks off the show to share outlook for precious metals and uranium. We start by asking if the bull market for gold and silver are over. From there we discuss what it will take to bring investors back into the gold and silver stocks. We wrap up the segments with comments on the main drivers behind the pop in uranium. Click here to visit the Rule Investment Media site to share your stocks with Rick.
  • Segment 3 and 4 – Joe Mazumdar, Editor of Exploration Insights wraps up the final two segments of the Weekend Show by discussing the exploration and development stocks within the gold and silver sectors. We breakdown what Joe likes to see in work programs and what actually moves the needle for the stocks. We also look at the copper stocks that have broadly lagged the underlying copper price. We wrap up with comments on uranium stocks and the run those have been on this year. Click here to learn more about Exploration Insights.

Exclusive Company Interviews This Week


Rick Rule
Joe Mazumdar
Discussion
116 Comments
    BDC
    Oct 02, 2021 02:36 AM

    Thank you for the show!

      Oct 02, 2021 02:56 AM

      Thanks to all the KE Report contributors for another great week of daily editorials, company interviews, and another solid weekend show. It is really nice to have Rick and Joe as our guest commentators this weekend.

      > Also a very big thanks to all our listeners and to those that contribute their insights to the KER blog day in and day out, as we appreciate your participation. Ever Upward!

      Oct 03, 2021 03:31 AM

      GREAT WEEKEND SHOW !!!

      Many thanks for bringing Rick Rule back to the weekend show

      Always enjoy to listen what Rick has to say. He is a wise guy.

      Agree on both of his comments, that the gold bull market isn’t done yet and uranium wouldn’t have the same run that it had last time. My favorite is still lithium -:)

        Oct 04, 2021 04:17 PM

        Thanks for that feedback Thomas. Much appreciated.

    Oct 02, 2021 02:35 AM

    Shad / Cory …. You get the irishtony Goldstar award , for having Rick Rule on.

      BDC
      Oct 02, 2021 02:16 AM

      His comment at 27:26 hits the mark, and he likely takes a less than dim view of windmills, and even solar.

        BDC
        Oct 02, 2021 02:04 AM

        Note Justin Huhn’s comments on Kazatomprom plans (1:37:26).
        https://www.youtube.com/watch?v=Bz8SYM94EHc
        His entire presentation begins at 1:31:55.
        Thanks Ex!

          Oct 02, 2021 02:59 AM

          Absolutely BDC. Justin Huhn is one of the sharpest guys following the Uranium sector, and I try to watch most of his interviews and always learn something about the macro trends in the nuclear fuel cycle process. Cheers!

            Oct 02, 2021 02:58 AM

            Justin Huhn: Expect Fast-moving Uranium Market in Next 18 to 24 Months

            Investing News Network – Sep 29, 2021

            0:00 – Intro
            0:22 – Sprott trust has moved market aggressively
            5:40 – Why the Sprott trust is having such a big impact
            10:35 – How much will the Sprott trust buy in future?
            14:46 – Dormant utilities finally starting to wake up
            19:44 – When will the market see a supply response?
            24:46 – Triple-digit uranium “absolutely” possible
            27:21 – What to look for in a uranium company
            32:20 – What are investors missing right now?
            35:29 – Outro

            https://youtu.be/Y1Q4wfeQPRo

            Oct 02, 2021 02:01 AM

            Uranium Market Minute Episode 11 – Uranium & The Energy Crisis

            Uranium Insider – Justin Huhn – Sept 30, 2021

            https://youtu.be/nRfW4yGZejM

      Oct 02, 2021 02:58 AM

      Much appreciated IrishT! Getting the Goldstar award is a high honor sir.

    Oct 02, 2021 02:21 AM

    Gold Bugs…or want to bees… Should loop Rick’s tape several times a day….. others might learn something…. 🙂
    Rick is SPOT ON….

      Oct 02, 2021 02:27 AM

      “return free risk”…..RR…by Jim Grant…

        Oct 02, 2021 02:19 AM

        1/2 of 1% ownership of PM securities …… triple…. to the mean….

      Oct 02, 2021 02:02 AM

      Agreed OOTB. It is nice to loop through some key segments several times when they are compact in insights and dense in wisdom. Rick has many great perspectives imbedded, so yes, very loop-friendly to one’s listening pleasure. 🙂

    Oct 02, 2021 02:10 AM

    Top notch interviews by the best interviewers in Mining Town. Great jobs all around.

      Oct 02, 2021 02:06 AM

      Thanks for those kind words David. We work hard every day to bring on engaging companies and guests, and are very appreciative of all the energy and information our guest contributors pour into this platform to share with the KER crew, as well as all the great contributions from folks here on the blog. Ever Upward!

    Oct 02, 2021 02:11 AM

    When utility companies start buying long term contracts with Cameco rather than purchasing uranium on the spot market, Cameco stands to benefit from the term market more than any other uranium large cap major. As Rick Rule suggests this will happen very quickly and most likely is happening now behind the curtains. Long term investors that like a safe profitable investment would I think benefit from buying Cameco as a hold, and keeping it locked away. Thanks Ex, for asking Rick Rule about the uranium spot market verses the term market. DT

      Oct 02, 2021 02:28 AM

      Sure thing DT. Yes, you are precisely right that what the Uranium sector is starting to anticipate, in this recent leg higher, is the moving forward of the inevitable longer-term contracting cycle.

      With so much of the spot market having been mopped up over the last year+ from buying from the remaining Uranium producers ( and even from a half dozen non-producing companies), and then accelerated most recently with the big buying from the Sprott Physical Uranium Trust, this leaves little material left available in the spot markets for sale.

      Anyone that has been following this sector closely knows the timeline is being moved forward where the utility companies will need to come back to the table with U308 producers along with the development stage companies (mostly the lower cost ISR developers) that are close enough to production that they can set up longer-term offtake contracts.

      Those contracts will likely start in the $50’s for the larger producers like Cameco and Kazataprom, and maybe a few of the lower cost Junior ISR producers like Energy Fuels, Ur-Energy and Peninsula Energy, or possibly even ISR developers like UEC, enCore/Azarga, and Denison. There are a few hardrock miners that could accept contracts in the $50s like Energy Fuels and Boss Energy; however, most companies would rather see the prices in the $60’s+, especially to bring on the hard rock assets like Paladin’s mine on care and maintenance, Energy Resources of Australia, Deep Yellow, GoviEx, Laramide, and Global Atomic. Most of the projects in the Athabasca, while very high-grade and potentially economic over long periods of time (like Nexgen, Fission, Purepoint, Isoenergy), they are also very high capex requirements to get built, and when one factors in the total cost of building, mining, and reclamation, most need U prices in the $60s+.

      As a result, we’ll need to see the Term prices in the $50’s and $60s, and with spot prices up near $50, that seems much closer today than it did even a year or two ago. It will be fascinating to watch how things develop with the Utility companies, with the nuclear fuel cycle from processors and refiners, and how this continues to impact the Uranium miners in a positive way.

        Oct 02, 2021 02:25 PM

        KAZ is so far ahead with its cost structure, it can affird to hold 20% of their production off the market. Then if price goes up it could unload that 20%, depressing prices and making life diffucult for otther higher cost producers. Heard Sprott is trying to make a deal with Kazatomprom and wonder how Chinese will react to that. I think China would be willing to go in there and buy up the whole shitaree.

      Oct 02, 2021 02:44 AM

      Lead curtains hopefully!

    Oct 02, 2021 02:15 AM

    Mr. (strikeout President, insert Dimon),

    There is a cancer growing on the commodities market, and it’s growing. It’s growing daily. It’s compounding. It’s growing geometrically now because it’s compounding itself.

    – John Dean, 1973

    https://www.reuters.com/business/finance/florida-miners-lawsuit-accuses-jpmorgan-manipulating-silver-prices-2021-10-01/

      Oct 02, 2021 02:22 AM

      GOOD GRIEF……. Talk about raising from the dead….. (just kidding)
      WELCOME BACK JOHN….. long time no hear…..
      Is this a Sign….. 🙂
      Hope you are doing fine…. I am sure you are….

        Oct 02, 2021 02:24 AM

        Ahhhh Jerry, (he said, in a bad accent), I’ve been sneaking around for some time now.

          Oct 02, 2021 02:31 AM

          Hi John , I second what Jerry wrote , welcome back. You & others like You, have been missed on the show . Dont be a stranger , keep in touch.

            Oct 02, 2021 02:59 AM

            I tip my glass to you, sir! Alas, I stay busy running my little biz. I certainly miss many of the folks here at KER, including good ‘ol Al!

        Oct 02, 2021 02:29 AM

        Agreed OOTB. Nice to see you posting here again John.

          Oct 02, 2021 02:58 PM

          🙂

            Oct 02, 2021 02:02 PM

            John has been calm , cool and collected, … and well appreciated from what I remember…
            I do hope he stops in more often…

      Oct 02, 2021 02:07 AM

      If tour into reading “bad things” about criminal Wall Street banks and The Fed, you will enjoy http://www.wallstreetonparade.com

    Oct 02, 2021 02:22 AM

    These aren’t news. That isn’t the point, though. It’s the trend that’s forming.

    https://www.reuters.com/article/jp-morgan-spoofing-penalty-idINKBN26K325

      Oct 02, 2021 02:39 AM

      John … What a bloody joke , $17.5 million.. lol . They will make many times that amount , when they next spoof, & they will, its in their nature, just like the Scorpion.
      They will NEVER stop , until those at the head of the bank go to jail.

        Oct 02, 2021 02:01 AM

        Yes, but it’s that term they use in law, what was it now…stare decisis. (I wonder if Joe will have another meeting with him soon, to give Chase a pass on that…)

        Oct 02, 2021 02:23 AM

        I appreciated Rick Rule’s interview. Rick is one of the relatively few guests who understands the local audience of a given interview, and tempers his comments accordingly. Also, his recollection of a previous KER interview 3 years ago indicates Rick’s genuine interest, particularly since he gives so many interviews. I love the comment on how he all but called people’s brokers to buy uranium, and now today, people beg him for tips.

        Thus ends today’s lesson.

        Oct 02, 2021 02:29 AM

        IT, they need to go to a real slammer and be put in solitary confinement with no electronic devices, and not the spiffy jail for spoofing bankers.

          Oct 02, 2021 02:38 AM

          Hi DT Read my above comment & link regards ” stare decisis ” that John W wrote.

            Oct 02, 2021 02:28 AM

            It, interesting read, insider trading has been going on forever, they never punish The Big Crooks instead they pick a fall person and use them as a distraction. Martha Stewart was punished for insider trading because she wasn’t a big player and she is a woman. You have to laugh at the way they pretend to mete out justice. Bernie Madoff got sent to jail because he ripped off the rich and some powerful people, but he was a little player. We can only hope that at some point real justice happens for the real crooks.

          Oct 02, 2021 02:47 AM

          It is never “real people bankers” but rather the “Citizens United Corporate Person” that gets convicted of a felony. That is criminal in and of itself. The Supreme Court gave Corporate America license to steal and they haven’t slowed down including being given authority to “buy” politicians. That is why there is a political stalemate in DC. Politicians work for corporations except for those that won’t take Corporate donations. Citizens United a serious problem. Court structure along political lines a real problem.

    Oct 02, 2021 02:55 AM

    ‘Inflation Will Save Us From The Fed’

    Jessie Felder – The Felder Report – (10/02/2021)

    “Ironically, instead of the Federal Reserve saving us from inflation, we believe it will be inflation that saves us from the Federal Reserve.”

    https://mailchi.mp/felder/inflation-will-save-us-from-the-fed?e=baab1fcdca

      Oct 02, 2021 02:56 AM

      There are a lot of really great charts, tweets, and posts embedded in that article from Jesse.

    Oct 02, 2021 02:08 AM

    Expect $30 silver price, then $50 soon after, by 2022 – Steve Penny (@SilverChartist)

    Kitco News – Oct 1, 2021 #TechnicalAnalysis

    “Once silver breaches $30, there would be minimal resistance keeping it back from hitting $50, said Steve Penny, publisher of The Silver Chartist report.”

    “Penney told David Lin, anchor for Kitco News, that $50 or even $30 an ounce for silver is unlikely to happen by the end of the year.”

    0:00 – Gold & silver relationship
    2:00 – Gold/silver ratio
    5:40 – Mainstream adoption
    7:10 – Silver price manipulation
    9:05 – Price performance
    11:48 – 1980 silver price peak
    12:45 – Catalysts for $50 silver
    13:50 – Metals and monetary policy
    15:25 – Silver’s monetary role
    17:00 – Siler price forecast

    https://youtu.be/_SiExZlWDLo

      Ann
      Oct 02, 2021 02:22 AM

      Thanks Ex. Enjoyed the video. And always love what Steve has to say, But Steve seemed a little out of sorts.. a bit down in the interview….maybe my imagination?

        Oct 02, 2021 02:42 AM

        Hi Ann. Agreed – quite enjoyable interview.

        Yes, glad to see our buddy Steve finally get noticed by Kitco. Steve is a solid technician, has a great grasp on the macro fundamental drivers, and is a straight-shooter. Happy for him and the growing audience he garners.

        I believe he has one of the best free newsletters for following the technical charts in the Precious Metals and Uranium sectors, and he shares plenty of trading strategy ideas and thoughts on how to balance one’s portfolio that are very instructive.

        As for his posture in the interview, I believe some of that was due to the kind of questions that David Lin from Kitco was asking (about $50 Silver, about price manipulation, etc…) Steve mentioned he may have opened a can of worms discussing the selling orders at off-peak times, but David camped out there and kept pressing him on that topic. Then it got into Silver breaking $50 the 1980s high, and Steve is first and foremost a technician, and rightly answered that “he deals in probabilities and not predictions.” Bingo!

        Lastly, David asked him about a the concept of a gold-backed crypto, that is infinitely divisible making Silver obsolete, which was Logo Tigre’s premise on David’s Kitco show a month back. Steve is a big fan of Lobo’s work in the miners and didn’t want to talk bad about one of his mentors, so he handled it with grace and mentioned he was aware of Lobo’s premise, but wasn’t ready to agree with that thesis at this time. Steve rightly pointed out that Silver has been money for thousands of years, and after multiple attempts to replace with with other vehicles, it has outlasted them, along with Gold. Double Bingo!

        I was proud of how Steve handled those more charged questions and think he is one of the more solid and balanced rising stars in the PM sector.

          Ann
          Oct 02, 2021 02:20 AM

          Ex. I agree with everything in your reply

            Oct 02, 2021 02:15 PM

            Cheers Ann!

      Oct 02, 2021 02:21 PM

      Signed up for SilverChartist, got my first copy this morning. Between Penny, and others on this site like Matthew, and even Joe, I’m hoping to wend my way through the next leg up with good gains.

    Oct 02, 2021 02:09 AM

    M&A Heats Up in a Deeply Oversold Mining Sector

    David Erfle – Friday October 1st, 2021

    “In a sector where investor confidence is extremely low, mining companies re-kindled efforts to explore alliances and partnerships to bring promising projects online and share the risk between parties during the recently concluded in-person Colorado mining conferences.”

    “On Tuesday, global miners Agnico Eagle Mines Ltd (AEM) and Kirkland Lake Gold (KL) announced that they have agreed on a merger of equals, with the combined company to continue under the former’s name.”

    https://mailchi.mp/3255766875f3/david-erfle-weekly-gold-miner-sector-op-ed-1600106?e=3ac1473fe4

      Oct 02, 2021 02:55 PM

      Ex, Rick Rule is one smart dude but a lot of people who interview him don’t understand the market well enough to get the most out of his wisdom, you however do. Not to take anything away from Cory because he is his own person and I’m sure he runs the show at Korelin, he is a true business man. Big Al sure knows how to pick employees, that is a feather in his cap in the declining years. Looking forward to what The Korelin Report becomes in the next week and the weeks and years to follow. DT

        Oct 02, 2021 02:35 PM

        Thanks DT. Yes, it was nice to get Rick’s and Joe’s thoughts and well-informed market perspectives for this weekend show.

        Yes Cory and Big Al are sharp guys and I’m flattered to be part of their team. As for how things are developing at the KER, stay tuned for the rollout of the new look for the website in about a week.

    Oct 02, 2021 02:22 AM

    This comes from Sprott Money’s Sept 10 interview with Ron Paul. Apologies if this has been posted before. Does Congress know if we are on a gold standard or not? Go to 18:59 minutes and listen to Ron’s 40 second story.

    https://www.sprottmoney.com/blog/Must-See-Red-Pill-Interview-with-Ron-Paul-The-Scoop-September-10-2021

    b
    Oct 02, 2021 02:20 PM

    gold moved up $40 thats about 3%? bitcoin moved to 48k from 42k 15%? about, somewhere around there.

    Dont see any reason to wonder why people have lost so much interest in gold.

    As for silver being money, we have seen the Mark Dice vids, people prefer a chocolate bar to a 10 once silver bar.

    I hope our PM shares dont depend on the millennials.

      Oct 02, 2021 02:41 PM

      As long as the Bullion Banks are allowed to run a corrupt paper futures market in PMs, then Brokerage firms are going to recognize the “fraud” and steer clients away. As long as The Fed has an active program to discourage the public away from PMs to protect their worthless fiat currencies (enabling the fraud while buying PMs), the brokerage houses are going to steer their clients away from fraud. As long as managed money participate in the fraudulent markets using customer funds, and know there is intervention of a fraudulent nature, the Brokerage firms are going to steer retail away from PMs. As long as it to Comgress’s benefit to perpetuate the fraudulent fiat system along with fractional banking, the Brokerage firms are going to steer their clients away from PMs.

      If the Public recognized the above and knew the paper metals market was a fraud…how difficult would it be to raise participation above the 2% level. Start putting all of them in hail. Talk about a bubble.

        Oct 03, 2021 03:12 AM

        Yes indeed!

      Oct 02, 2021 02:44 PM

      hail = jail among other things

    Oct 02, 2021 02:37 PM

    As many of you on the site know, this irish fella is bullish silver. Phy is what i buy , not the premium stuff like mint coins . Here in the UK, we have a vat rate of 20% on silver purches so i avoid that type of silver. Most of the silver i have bought over the years , has been 925 sterling , & pre 1947 scrap silver coins , in the US you call it junk silver. Last year , i sat down , went though all my paper work for my buy prices , & it turned out that my cost averige price worked out at $11 dollars an ounce.
    My advice to everyone on thie site is , take 10% + os your cash in hand & buy PHY. silver . This time next year , you people will be thanking me.

      Oct 02, 2021 02:41 PM

      Yes, Irish, ….if you can find silver for $11 , buy all you can get your irish woolen mittens on… 🙂

        Oct 02, 2021 02:48 PM

        $11 Silver. He must have found the end of the rainbow.

    Oct 03, 2021 03:08 AM

    Does EX or anyone think this guy knows about how to time gold/silver…Is this serious work or is he a perpetual metals bull always screaming 20,000 gold tomorrow…glta…I scanned quickly, right now, so if it is already posted, I apologize for wasting anyone’s time…

    https://usawatchdog.com/red-october-end-of-world-as-we-knew-it-clif-high/

      Oct 03, 2021 03:19 AM

      Larry………. how long have you been following CLif?……

        Oct 03, 2021 03:21 AM

        I posted some comments over in the Orphan Section this morning….. but,
        glad you posted it here….

        Oct 03, 2021 03:03 PM

        Jerry all I have seen are a few articles in the past year…He always seems to think this is it…melt up for gold…

      Oct 03, 2021 03:22 PM

      The thing I like most about Clif is that he’s so full of hyperbole that he’s easy to dismiss as a kook.
      Last time I listened to him, which is maybe two months ago, he was saying to watch for planes to start falling out of the sky because the pilots have been jabbed.

      Really?

      Oct 03, 2021 03:32 PM

      Clif High spent 25 years building and perfecting his own computer program that constantly searches sites all over the world looking for key words and phrases, it checks blogs like Stockhouse, Korelin Report, CEO.CA, and thousands of others plus video sites. Anything to do with the subject it is researching for instance The Price Of Gold in a given timeframe and produces an answer based on it’s findings. Clif High’s predictions using his algorithm’s have been very accurate on a lot of different subjects. When he comes up with a finding he shares his information freely on the internet. But he keeps his technology secret and for his own use.

      Oct 04, 2021 04:48 AM

      Hi Larry. I’m familiar with Cliff High, and think he does some interesting quant work using big data, but don’t know how well he does at timing the market. Some of his work gets a little out there, but then again, the whole planet has gone a little out there, so maybe it’s a good fit. Ha!

    Oct 03, 2021 03:38 PM

    It should be the new year before anyone ought to get excited about the PM markets. Take the winter off and hibernate—-do a 90,000 piece picture puzzle or stare at your navel for 4 months—–it’ll save you some angst and prevent you from catching that still falling knife.

      Oct 03, 2021 03:00 PM

      I am looking for certain stocks to make early tax loss season bottoms. Perhaps into November. LGD and SSL are two such stocks. Time will tell.

        Oct 03, 2021 03:52 PM

        You could be right.

        Oct 04, 2021 04:46 AM

        Jetty – Agreed about LGD Liberty Gold already being beat to pulp, ready for any remaining investors that haven’t done so to take their tax loss sales early. I really like the fundamentals situation on LGD, and as Joe Mazumdar mentioned on this weekend’s show, they’ve now shifted back over to exploration again, and this may get more retail traders animated with the stock again.

      Oct 04, 2021 04:44 AM

      Hmmm between staring at my navel for 4 months and the 90,000 piece picture puzzle, the puzzle sounds like a better use of time. Ha! Neither sounds to riveting, but alas, it doesn’t sound like the PM markets will be too riveting either, based on your outlook either. Maybe this a good time to build one of those ships inside the glass jar….

        Oct 04, 2021 04:56 AM

        I’ve always found Mazumdar and his partner Brent Cook to be extremely level headed. Ever cross paths with Gwen Preston? She’s another solid one.

        Thnx for the weekend interviews. With your portfolio size I think you’ll overcome the boredom Ex. Almost forgot. Breaking news. Bill Hader’s ‘Barry’ finally started production on season 3.

          Oct 04, 2021 04:24 PM

          Agreed blazesb. Joe Mazumdar does and excellent job, and both he and his business partner Brent in Exploration insights highlight stories that they see with potential valuation growth upside through the drill bit and development, with their decades of experience in the sector. It was our honor to have Joe on the weekend show with us.

          Yes, with the number of stocks in my portfolio, there is always something interesting happening, and it keeps me from being too bored. 🙂

          I’ve been meaning to watch Bill H’s series “Barry” as a few buddies have recommended it as a good series. He cracks me up in general, but I believe this is a somewhat more serious character for him to play from what I’ve heard, with light comedic undertones.

    Oct 03, 2021 03:22 PM

    A population of billions … India….. Whose parents , grandparents , & great & greats parents , who belived in gold as family savings , are now turning to silver , because they cant afford gold , are turning to silver , because they can afford it , & because it’s trendy…. What do you think this trend is going to do , to the price of silver.
    https://timesofindia.indiatimes.com/city/ahmedabad/silver-imports-at-6-year-high-in-sept/articleshow/86714072.cms

      Oct 03, 2021 03:30 PM

      Now that is interesting…… thanks …. Watch for a run on Sterling…. 🙂

    Oct 03, 2021 03:36 PM

    Routine Sunday Night Intervention on the metals has already begun…again.

    Oct 04, 2021 04:23 AM

    I have just read the whole page , & noticed i made a misstake on my post up above. My cost average should read , £11 pounds sterling , not $11 dollars US, I have gotten used to useing the $ symbol on this blog.

    Oct 04, 2021 04:13 AM

    Here is a sort of Fear/Greed sentiment index everyone can sign up for free…It is brand new…I will monitor it…..glta

    https://www.thegoldsentimentreport.com/index.html

      Oct 04, 2021 04:02 AM

      Gold imports to India in September soared 658% from last year’s pandemic lower base as a correction in local prices to the lowest level in nearly six months prompted jewellers to step up purchases for the upcoming festive season, a government source said.

        Oct 04, 2021 04:06 AM

        Con Game in India is over…. Fauci, no big deal in India…. Gates was kicked out years ago…

    Oct 04, 2021 04:16 AM
    Oct 04, 2021 04:27 AM

    Great chart! I sure appreciate all your chart work. Thank you VERY much……..

    Oct 04, 2021 04:08 AM

    GDX found Fib fan and a little fork support last week and continues to improve…
    https://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=1&mn=3&dy=22&id=p18622842376&a=938437763

    Oct 04, 2021 04:11 AM

    USERX, the oldest gold fund, turned perfectly at speed line support last week.
    https://stockcharts.com/h-sc/ui?s=USERX&p=D&yr=1&mn=5&dy=0&id=p63320391737&a=951094953

    Oct 04, 2021 04:16 AM

    It is a very good sign that the gold and silver miners strengthened as the stock market weakened this morning.
    GDX vs the semiconductors has taken back important speed line support…
    https://stockcharts.com/h-sc/ui?s=GDX%3A%24SOX&p=W&yr=6&mn=6&dy=0&id=p05863970038&a=1003710661

      Oct 04, 2021 04:28 PM

      Agreed Matthew. I had mentioned on the Emerita blog from today that it was nice to see Gold, GDX, and GDXJ trending higher today, decoupled from the Dow, S&P500, and Nasdaq were trending down.

    Oct 04, 2021 04:24 AM

    It is bullish when GDX (the gold miners in general) beat the likes of Franco Nevada and it has been doing so for the past 2 months. Notice the great looking weekly MACD buy signal of 3 weeks ago. It looks better/stronger than the one that followed the covid crash low 18 months ago…
    https://stockcharts.com/h-sc/ui?s=GDX%3AFNV&p=W&yr=5&mn=7&dy=0&id=p92621124654&a=1004933524

    Oct 04, 2021 04:43 AM

    Falling wedge breakout and new daily MACD buy signal for GDX vs QQQ…
    https://stockcharts.com/h-sc/ui?s=GDX%3AQQQ&p=D&yr=1&mn=5&dy=0&id=p75661773209&a=978546851

      Oct 04, 2021 04:40 AM

      Right, miners up when tech down…..this is a very recent change in market dynamics…and overdue and welcomed…glta

        Oct 04, 2021 04:29 PM

        Agreed Larry.

    Oct 04, 2021 04:02 AM
    Oct 04, 2021 04:28 AM
    Oct 04, 2021 04:40 AM

    IPT topped last year and bottomed this year at the 9th and 10th Fibonacci Time Zones, respectively…
    https://stockcharts.com/h-sc/ui?s=IPT.V&p=W&yr=6&mn=0&dy=0&id=p48248132280&a=1024983509

      Oct 04, 2021 04:29 PM

      I bought a little more ISVLF today.

    Oct 04, 2021 04:01 AM

    Does SILJ need to test fork support around 11.10? If so, I’d bet it gets there because the stock market takes a sharp fall.
    https://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=2&mn=6&dy=0&id=p22170340597&a=751760176