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Doc Jones – Is tax loss selling around the corner? And where Doc Jones is investing now.

Cory댊
October 12, 2021

Doc Jones, Private Investor, joins us to discuss the possibility of further selling in the precious metals stocks due to tax loss selling. Comments have been made that tax loss selling has already happened but that might not be the case.

We then have Doc Jones share what resource sectors he is investing in. the focus right now is on energy and resource scarcity.

Discussion
62 Comments
    Oct 12, 2021 12:47 AM

    Well Cory/Shad … I see you got the new format for the site , up & running. I did notice it was down a few times during the day, teething problems . But your site builders did a good job. It’s going to take a little while , to get used to the new format….. Well done.

    Reply
      Oct 12, 2021 12:09 PM

      Thanks IrishT. The site has some kinks to work out that we are working on behind the scenes, and it may go down for short periods over the next day or two as we do updates, but there is only so much one can gather from back end modeling, and really, when one pulls the trigger on the live feed is when you find out how everything settled. It was a massive amount of data to migrate over, and not all of it landed as we expected, but it’s a work in progress.

      We’ll have better navigation drop down menus at the top eventually, and will be fixing the blog here as now all the comments are on one long blogroll instead of cascading over in the hierarchy trees, based on the replies. We’re working to fix that as well.

      Also, most of the recent posts went down below the 3 sections on Gold, General Markets, and Base Metals to a section called “Latest Stories,” but then the 2 new posts went to the very top in the “sticky” section. We’ll get it all figured out, and appreciate everyone’s patience as we get everything laid out correctly and functioning properly.

      Reply
        Oct 12, 2021 12:41 PM

        Not that I miss the ads down the right side of the page, but won’t you miss the revenue? Also, I found the PM price charts down the left side of the page a quick, handy reference for what’s going on during the day.

        Reply
          Oct 12, 2021 12:30 PM

          There are 2 sponsor banner rolls between the first 3 sections, and then a banner roll of guest links between the 3rd and 4th section.
          .
          > between “Gold/Silver News” and “US Equity Markets” – rolling sponsors
          > between “US Equity Markets” and “Base Metals” – rolling sponsors
          > between “Base Metals” and “Latest Stories Continue” – rolling guests
          .
          As one scrolls down the page those logos should pop up between sections. We hope folks check out some of the companies if they hear an interview that catches their attention, as that is how we keep the site free and keep the lights on here at the KER.
          .
          As for the Market updates, if one scrolls down there are some sections on the right-hand side of the main landing page that will be streaming quotes of Gold, Silver, US Dollar, Oil, Copper General Markets, etc… and another section that will show the “Market Movers” on the TSX, TSXV, NYSE, and a few other markets.

          Reply
      Oct 12, 2021 12:23 PM

      I just want to see how this works…… 🙂
      the reply button that is…. 🙂

      Reply
    Oct 12, 2021 12:52 AM

    Oh My! My Uranium stocks are up 12% to more than 30% UP intraday. I trimmed bigtime which could easily be trade decisions that I’ll regret. Awesome daily candles printing on many of the U stocks.

    Reply
      Oct 12, 2021 12:19 PM

      aghead. Yeah, I saw that today with the Uranium stocks launching higher, and had been buying back into my positions over the last few weeks to get my 7 U-stocks up to 60% positions, but on the run higher today of 12-15% in many names, I trimmed them back down to 40%-50% positions again.
      .
      Trading these uranium stocks have been an absolute blast the last 2 years, but especially the last 2 months!

      Reply
        Oct 12, 2021 12:06 PM

        Aussie U miners holding onto their morning gains. PDN +23%, PEN +19%, BOE +14%….

        Reply
          Oct 12, 2021 12:09 PM

          John Quakes @quakes99 – 5:12 PM · Oct 12, 2021 · Twitter
          .
          “Yee-Haw! Today @Sprott issued 8.2M Physical #Uranium Trust units which raised record $90M used to stack 400,000 lbs #U3O8 so NAV rose $147M to over US$1.33B. SPUT holds $78M cash for stacking with units closing at 7.20% Premium to NAV.”
          .
          https://mobile.twitter.com/quakes99/status/1448079232572268546

          Reply
        Oct 13, 2021 13:17 AM

        Those were some big tall green candles in the U’s yesterday! Some how I trimmed or exited 100% of some of my stocks at those highs, yet was able to re-enter this morning lower.
        I sweated the night out thinking I’d lost my positions to a big gap up this morn.
        On another note, AXU up near 10%

        Reply
    Oct 12, 2021 12:12 PM

    First post on the new site. It is much better on a computer than a phone. Appears better to me and a little overwhelming with info until I get used to the format. But I like how it is divided up into categories and recent things are more “right there”…in other words more volume up front to pick from.

    Thanks for the Doc Jones interview. Very good as always.

    Reply
    Oct 12, 2021 12:19 PM

    What happened to the OIL article…. this morning… lol

    Reply
    Oct 12, 2021 12:21 PM

    EX…. never mind on relying , I just saw you note above….

    Reply
      Oct 12, 2021 12:26 PM

      Hi Jerry … Welcome to the pleasure Dome , LOL I did reply to your Email.

      Reply
      Oct 12, 2021 12:26 PM

      Hi OOTB. Yeah, today it’s a bit chaotic until we get everything sorted on the site and figure out how to get the blog cascading for replies figured out. Right now the replies are going roughly under the post one was responding to, but we liked the hierarchy tree where the first comment is the most left-shifted, and then replies become indented to the right on each level of reply.
      .
      We are working with our web developer to get a number of bugs fixed, and hope to get things operating correctly over the next few days.

      Reply
    Oct 12, 2021 12:39 PM

    Hello Irish……. got the email… and thanks….
    lol…. Pleasure Dome… good one…

    Reply
    Oct 12, 2021 12:03 PM

    Does Doc have a PhD ? If so, in which discipline ?

    Reply
    Oct 12, 2021 12:42 PM

    GDXJ just closed above its 50 day MA for the first time in 4 months and did so on high volume and its best RSI reading in 4 months…
    https://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=0&mn=11&dy=14&id=p61572041894&a=1041930459

    Reply
    Oct 12, 2021 12:54 PM

    5 Ideas for a Post-Golden Week Gold Bounce

    > by Sean Brodrick – October 12, 2021
    .

    “On Oct. 1, 1949, Mao Zedong proclaimed the founding of the People’s Republic of China.”
    .
    “This National Holiday starts every year with troops raising the flag in Tiananmen Square.

    > And with it, China’s Golden Week commences.

    .
    “The government sponsors concerts, parades and fireworks shows. Government offices close. And citizens feast, relax and exchange gifts.”
    .
    “It’s like the U.S. Independence Day and Christmas rolled up into a seven-day public holiday. Golden Week is also a time of travel. Tourist sites raise ticket prices, and the cost of flights and hotel rooms skyrocket.”
    .
    “But one asset tends to fall before or during Golden Week … before rising. And that’s GOLD.”
    .
    >> Look at these gold charts before and after China’s holiday, dating back to 2013:
    .
    https://wealth-wave.com/wealth-wave/5-ideas-post-golden-week-gold-bounce/

    Reply
      Oct 12, 2021 12:55 PM

      Shanghai and Shenzhen closed for a week, boring. At least HK only took one day off.

      Reply
      Oct 12, 2021 12:59 PM

      The CCP government tries to convince the population that the holiday is a gift from them…as if the Chinese people don’t realize the country existed pre 1949.

      Reply
    Oct 12, 2021 12:11 PM

    I saw someone post this recent update of Eric Sprott’s resource investment portfolio, happy to own 3 of the top 5 holdings in his portfolio in mine as well (JAG, DSV, WM), and have a 4th indirectly (NFG), as Novo Resources has a big stake in New Found Gold in their basket of assets.
    .
    __________________________________________________________________________________________________________
    *
    Current positions of Eric Sprott
    *
    Name Equities % Stake Valuation
    .
    (FR) First Majestic Silver Corp. 27,725,241 – 10.8% stake $357,932,861 USD
    (NFG) New Found Gold Corp. 29,701,200 – 19.5% stake $203,869,037 USD
    (JAG) Jaguar Mining Inc. 35,371,618 – 48.8% stake $128,398,973 USD
    (DSV) Discovery Silver Corp. 80,440,145 – 24.7% stake $111,007,400 USD
    (WM) Wallbridge Mining Company Limited 163,306,752 – 20.0% stake $80,183,615 USD
    .

    https://www.marketscreener.com/business-leaders/Eric-Sprott-6893/biography/

    Reply
    Oct 12, 2021 12:28 PM

    Ex…………. thanks for the sprott list…………….

    Reply
      Oct 12, 2021 12:47 PM

      Sure thing OOTB. It’s a nice portfolio of companies that Eric Sprott has in his portfolio, and some interesting stocks for others to consider and research as potential horses to bet on and corral into their stables.

      Reply
    Oct 12, 2021 12:35 PM

    One Of The Best Canadian Gold Mining Stories Of The Last Few Years Keeps Getting Better
    > by @Goldfinger on 12 Oct 2021
    .
    “A stellar quarterly report from Victoria Gold (TSX:VGCX, OTC:VITFF) this morning. In a year full of disappointments in the mining sector, this morning’s news from Victoria Gold is a breath of fresh air (with a whiff of winter peppermint….).”
    .
    “The Eagle Gold Mine achieved many production records in the third quarter of 2021 including ore mined, total material mined, ore stacked on pad and gold produced. We anticipate the gold production record to be short lived as we expect production growth in the fourth quarter of 2021 and annual production growth into 2022.” ~ John Mcconnell, President & CEO Victoria Gold
    .

    “Remember that Coeur Mining (NYSE:CDE) acquired a 17.8% stake in Victoria in early May. Coeur’s due diligence period is supposed to conclude by year end and the Q3 performance at Eagle was something that many analysts posited Coeur would be focused on.”
    .
    https://ceo.ca/@goldfinger/victoria-gold-produces-record-55827-ounces-of-gold-in-q3

    Reply
    Oct 12, 2021 12:06 PM

    It’s going to take sometime getting use to the new site that’s for sure :). So many years it feels like I’m at a totally different website lol..

    Non the less thank you guys and great job!

    Matthew the chart regarding brixton you sent yesterday was the one I was talking about. Good stuff.

    Gdx looks great in that chart let’s see if we can keep pushing.

    Reply
      Oct 12, 2021 12:37 PM

      It feels odd for me too Glenfidish. 🙂
      .
      We are working to get the blog back to more of a normal look and with the enhanced “edit” and “delete” functionality after making a post, but we have a series of things we are tackling all at once, because we couldn’t see how everything would populate until today. Cory did get the drop-down menus at the top set up though, where people can drill down into Gold, Silver, Explorers, Developers/Producers, Royalty Companies, Copper Stocks, US Markets, US Dollar, Fed Policy, Cryptocurrencies, Weekend Shows.
      .
      For those using a mobile phone, there is a menu in the upper right corner where if someone clicks on “KER Commentary” it will expand the menu. It’s the same think with the “Stock and Company Interviews” tab, where if clicked on there is an expanded drop-down menu. There is also still the “Politics” tab. For those using a computer those menus populate across the top.
      .
      It’s a little different, but it will allow users to jump to the sections that interest them the most, for more of a customizable experience.

      Reply
        Oct 13, 2021 13:35 PM

        Couldn’t post at all this morning. Just kept getting the sponsors link page

        Reply
    BDC
    Oct 13, 2021 13:11 AM

    Price Quality: https://tinyurl.com/2vc9pznu
    FED Minutes. Possible turns evolving. Note the Dollar:
    https://saturationtiming.blogspot.com/2021/10/dollar-week.html

    Reply
    Oct 13, 2021 13:44 AM

    Santacruz Silver SCZ, news of buying producing mines and stuff from Glencore in Bolivia.

    https://finance.yahoo.com/news/santacruz-acquire-glencores-producing-silver-140700652.html

    Reply
      b
      Oct 13, 2021 13:21 AM

      Might explain the “halt”.

      At this time gold 1793, thats a fair rise. 😉
      I wonder if it will stick.

      Reply
    Oct 13, 2021 13:16 AM

    GDX will be in great shape if it can finish the week near the current level:
    https://stockcharts.com/h-sc/ui?s=GDX&p=W&yr=6&mn=9&dy=0&id=p63496616497&a=947466265

    Reply
    Oct 13, 2021 13:21 AM

    SPY:GLD had its KAMA go below its 50 day MA three days ago and now price has dropped to a 2-month low. It’s likely going much lower:
    https://stockcharts.com/h-sc/ui?s=SPY%3AGLD&p=D&yr=1&mn=7&dy=11&id=p06399012434&a=979778108

    Reply
    Oct 13, 2021 13:25 AM

    The Gold Miners Index has important resistance at about 900 this week:
    https://stockcharts.com/h-sc/ui?s=%24GDM&p=W&yr=6&mn=11&dy=0&id=p42347601084&a=932577265

    Reply
    Oct 13, 2021 13:36 AM

    GDX looks great now but needs to hold up through Friday’s close (and I bet it will).
    https://stockcharts.com/h-sc/ui?s=GDX&p=W&yr=6&mn=3&dy=0&id=p69196081450&a=1014259246

    Reply
    Oct 13, 2021 13:38 AM
    Oct 13, 2021 13:41 AM

    SLV:GLD is struggling a “P” but I am not worried. SLV will prevail over GLD to take back P and maybe today.
    https://stockcharts.com/h-sc/ui?s=SLV%3AGLD&p=D&yr=1&mn=0&dy=0&id=p65873538533&a=665566953

    Reply
    Oct 13, 2021 13:47 AM

    HUI:DIA is at minor fork resistance but the message is clear: Buy gold miners and sell stocks to do so. (That’s not advice.)
    https://stockcharts.com/h-sc/ui?s=%24HUI%3ADIA&p=W&yr=6&mn=0&dy=0&id=p72413878436&a=953633255

    Reply
    Oct 13, 2021 13:26 PM

    Appreciate the chars Matthew! Don’t know if this is a bounce but I’m bullish as of late and agree with all you have said lately. I’m liking the volume and the breakouts smells different.

    Reply
      Oct 13, 2021 13:42 PM

      This is no bounce and it’s not even a short term low that’s happening; it’s a long term low. The bears’ final chance lies in their ability to crush the sector before Friday’s close and I am confident that they won’t be able to.
      I’ve seen signs of urgently selling of strength lately in some juniors and that’s a good sign. Most retail investors are still very bearish and are dreaming of buying at much lower levels in December.
      IPT breakout:
      https://stockcharts.com/h-sc/ui?s=IPT.V&p=D&yr=0&mn=11&dy=0&id=p90351445947&a=847115413

      Reply
    Oct 13, 2021 13:07 PM

    IPT breakout backed by a daily RSI breakout to a level not seen since February 1st when it traded at 1.22 (this is an example of a “price-only” trader/analyst disadvantage).
    https://stockcharts.com/h-sc/ui?s=IPT.V&p=D&yr=1&mn=3&dy=0&id=p48887244510&a=993199613

    Reply
    Oct 13, 2021 13:54 PM

    Go back to sleep b………….. lol

    Reply
    Oct 13, 2021 13:56 PM

    IPT has been on a weekly MACD buy signal versus silver (SLV) for over a month. That was a very good sign that this long correction was over. Bellwether IPT does it again (SILJ, AG, or AXU, for example, STILL have not secured their own weekly MACD buy signals versus silver/SLV).
    https://stockcharts.com/h-sc/ui?s=IPT.V%3ASLV&p=W&yr=5&mn=11&dy=0&id=p38470234362&a=947555240

    Reply
    Oct 13, 2021 13:04 PM
    Oct 13, 2021 13:22 PM
    Oct 13, 2021 13:31 PM
    Oct 13, 2021 13:44 PM

    AU has gone higher for 10 days straight so no one should be surprised when it finally pulls back.
    https://stockcharts.com/h-sc/ui?s=AU&p=D&yr=1&mn=5&dy=0&id=p09941769837&a=977699514

    Reply
    Oct 13, 2021 13:59 PM

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