Weekend Show – A Look Into 2022 With Jesse Felder, Jayant Bhandari, and Jordan Roy-Byrne

December 25, 2021
Full Weekend Show


Welcome to the Christmas/Holiday edition of the KE Report Weekend Show. We hope you all have a very Merry Christmas and we really appreciate all your time and comments throughout the year. 


On this Weekend’s Show we look ahead to 2022 to predict what the main catalysts will be for financial market. With so much expected to change this year and couple wild cards on the horizon there is no doubt there will be a lot for us to discuss in the New Year. Hopefully 2022 will be a better year for resource investors.


Please keep in touch by emailing us at or We love hearing from all of you!



  • Segment 1 and 2 – Jesse Felder, Founder and Editor of The Felder Report kicks off the show with a deep dive into the US equity markets. Jesse outlines why he thinks there will be an earnings recession in 2022 and the changes in sentiment from large money investors. We also have Jesse share his outlook for commodities and the sectors he likes best for next year. Click here to visit the Felder Report website to learn more about Jesse’s service.
  • Segment 3 – Jayant Bhandari, Private Investor and Consultant is up next to focus on the resource stocks he likes post tax-loss selling season. We also discuss the key characteristics he is looking at when doing his due diligence in the current market environment.
  • Segment 4 – Jordan Roy-Byrne, Founder and Editor of The Daily Gold wraps up the Weekend Show with a technical look at gold, gold stocks and silver. Click here to visit The Daily Gold website to keep up to date with Jordan.


Exclusive Company Interviews This Week





Jesse Felder
Jayant Bhandari
Jordan Roy-Byrne
    Dec 25, 2021 25:22 AM

    Christmas weekend show! Thank you guys very much.

    Dec 25, 2021 25:33 AM

    Nobody in my family has asked for money this year, please give me one million dollars, no I haven’t heard that this year, instead they want Gold and Silver. I guess they are waking up to reality. LOL!

    HAPPY HOLIDAYS to The whole Ker Crew that do such a wonderful job, and to all the guests, posters and listeners. DT

      Dec 25, 2021 25:59 AM

      “Please Give Me One Million Dollars”

      Merry Xmas 🎅🏻

        Dec 25, 2021 25:33 PM

        Merry Christmas to the KER Crew and everyone have a wonderful holiday season how ever you celebrate, and a happy New Year! Cheers!

        Dec 28, 2021 28:17 AM

        Happy Happy Xweller .

    Dec 25, 2021 25:51 AM

    Thanks guys for a good weekend show. Jesse is my absolute favorite. One of the finest analysts available. Disregard his words at your own risk.
    Here’s his interview on Macro Voices and it includes a chart deck for those who like to “see” what he’s talking about. Merry Christmas to all.

    Dec 25, 2021 25:37 PM

    When Jesse Felder talked about 900 billion dollars in margin accounts, although he didn’t mention how many accounts that would represent, I’m thinking maybe 10 million. In these days with instant gratification, when margin calls start coming in you will easily see an avalanche of trading phone sell orders, much harder to stop than in 1929 when leading bankers could cross the floor of the stock exchange and put in buying orders, to attempt to turn the market around. DT

      Dec 25, 2021 25:55 PM

      $900 Million in margin…. what could possibly go wrong?

      The “teflon” general markets never correct much, and dip is always bought…. right?

      It all sounds very end-of-cycle…

        Dec 26, 2021 26:16 PM

        The ‘To the Moon’ Crash Is Coming
        By Maxwell Strachan – Tech by Vice – December 16, 2021
        “The year was 2000, and the dramatic growth of the internet over the previous decade had created a bubble that was beginning to burst. Over the next few years, the NASDAQ would drop by more than 75% as a slew of heavily-hyped tech startups plunged into failure, humbling the recently overconfident industry.”
        “The lessons of the dot com bubble stuck with Wolfe, who developed a skepticism of hype and a passion for finding businesses with solid balance sheets and healthy cash flow. But today, Wolfe sees many of the same psychological forces enveloping tech firms and the broader investor class. The YOLO investing process, most closely associated with the subreddit wallstreetbets, has pumped stocks like GameStop to the moon and pushed people all in on fad coins like DogeCoin. But for many people, it has also replaced the investment process, popularized by one of Wolfe’s idols, Warren Buffett, of a slow and steady search for good business fundamentals.”
        “The market today reminds Wolfe in many ways of the same forces that were so prominent at the height of the dot com boom, and perhaps no single person better encapsulates the moment than the world’s richest man, Elon Musk. Motherboard spoke to Wolfe about the worrying signs he sees, and the downside of prioritizing hype over fundamentals.”
        “People are saying that value investing is dead. That Warren Buffett and Charlie Munger are dead. They are not dead, and these ideas are not dead. They are timeless ideas. They are ideas that say that a business today is the present value of its future cash flows; that a business has a competitive advantage when there’s something structural in its supply, or its brand, or its pricing power, or its ability to have a monopoly on intellectual property or government licensing. There’s real things that make real businesses. And the value that you provide to the customer is then in the pricing power that you have and in the margins that you make. And contrary to the scarcity of the word today, profits are a great measure of the value that you provide to people…”
        “Nobody cares when you’re out on the ice and everybody’s having fun and they’re serving hot chocolate and you’re skating and everybody’s cheering. But when people start plunging into the icy depths and are getting hurt or killed, that’s when people care and when it matters. When stocks are only going up, everything’s fine. This happened in ‘99 and 2000, until the successes led people to borrow, in some cases extravagantly on margin, to invest more. It was all just one big party and then when the punchbowl got taken away, people suddenly woke up, as though it was the Ishiguro novel The Buried Giant, and said, Wait a second, these companies are gonna run out of cash.”
        “The reason that it matters is at some point, somebody is left holding the bag. Today, you have record numbers of CEOs selling their stock. A great indicator markets are bad is when, at peak prices, companies are buying shares to continue to prop up their stock. And maybe the incentive structure of their CEOs is based on their share price. The only thing that mattered was pump the stock. ”

          Dec 26, 2021 26:44 PM

          No shortage of value in the PM’s..companies with good business models, production and exploration potential.

            Dec 26, 2021 26:58 PM

            Agreed. My trading account is more heavily weighted to the PM miners than it has been for the last 2+ years, as the valuations seem most attractive compared to other commodities or sectors. The economic backdrop seems most appealing moving into 2022 with the Fed plan to hike rates.

            Dec 27, 2021 27:11 AM

            Gold And Silver Prospects For 2022
            Dec. 24, 2021 – Goldmoney – Seeking Alpha
            “It has been a disappointing year for profit-seeking precious metal investors, but for those few of us looking to accumulate gold and silver as the ultimate insurance against runaway inflation it has been an unexpected bonus.”

            “The key issue is the interest rate outlook, and how that will impact financial markets, which are wholly unprepared for the consequences of the massive expansions of currency and credit over the last two years.”

            “And finally, we look at silver, which is set to become the star performer against fiat currencies, driven by a combination of poor liquidity, ESG-driven industrial demand and investor realisation that its price has much catching up to do compared with lithium, uranium, and copper…”

            Dec 27, 2021 27:47 AM

            The only thing makes me nervous about silver is that too many are calling for its rally….

            Dec 27, 2021 27:18 PM

            Wolfster – That is only in the resource echo chamber, and still there aren’t that many calling for a rally in Silver, and there have actually been far more calling for a move back down to $18.50-$19 or Jordan’s $18.70 that is splitting the difference.
            In the general markets and main stream financial media there is hardly anyone discussing Silver or that it may rally in 2022, so overall it is shrugged off with Gold and the rest of the metals in a broad sense.

        Dec 27, 2021 27:27 AM

        Hi Ex, Jesse Felder said in your interview that margin debt was over 900 billion, not 900 million as you have stated, yes it is a huge amount and could easily collapse the system. Forced selling will rear it’s ugly head at some point. Best to have at least 50% cash. That is how I am allocated.

          Dec 27, 2021 27:41 AM

          In the fall of 1929 broker’s loans, as compiled by The Federal Reserve Bank of New York mounted to a new high record on October 2nd reaching $6,804,000,000, a sure sign that margin buyers were not deserting the market but coming into it in numbers at least undiminished. There were also over one million margin accounts in The US in 1929. The amount of money lent out on margin now is more than 130 times that in 1929, and margin buyers are still piling in, and that is probably a conservative number. YAHOO, is about to become WAZOO as look out for what’s coming behind you. DT

          Dec 27, 2021 27:13 PM

          I was going to say, Bruce Springsteen recently sold his record collection to Sony for 500 million

            Dec 27, 2021 27:58 PM

            It only takes one hand to count the number of good songs in that collection……$500M!

          Dec 27, 2021 27:22 PM

          DT – you are correct sir. Sorry, I mistyped. It should have said $900 Billion (not Million).

            Dec 27, 2021 27:53 PM

            Okay Ex, I knew you had mistyped $899 Billion Dollars, but I still wanted to keep you accurate in your accounting reporting. Next time could you invite me to your New Year’s Party and I promise not to be so direct. LOL! DT

            Dec 27, 2021 27:05 PM

            🙂 Party on!

    Dec 26, 2021 26:40 AM

    Merry Christmas 🎅 to all the hard working contributors on the ker site. Cory, al and ex thank you as well.

    For the ones needing a dose of positivity within the mining space. I have done my homework and plenty of it and wanted to share that with you fine folks.

    From a previous post that I mentioned the outlook for your gold and the miners I feel much more assertive and confident that the current support on the hui has already been back tested more then once and that there is no need to break that support to test prior resistance level that had already been broken.

    With the underlying strength in inflation/COVID and governments in the same track to dissolve and crush the economy, gold is going to start moving and I believe the hui is riped on the monthly indicators and that macd is exactly we’re I wanted it. I said this to doc and I will say it again In honest good faith, triple check your charts because many will be chasing prices higher.


    Dec 26, 2021 26:56 AM

    Also for the folks who follow Gary as I do, he is on the border of changing his tune with his 8 year cycle. It’s precisely what I wanted and was looking for. As I mentioned previously this is an Intermediate rally in gold which has much more legs and it’s on a current 3 month advancing phase. Gary the 8 year cycle in gold has bottomed imo as I mentioned before.

    I think we are going to have a monster January rally of epic proportions. Some wise words from Gary’s commentary is look to see rsi get imbedded and I believe that will happen.

    Gold rush is coming!

    Stayed tuned

    Dec 27, 2021 27:51 AM

    Hope everyone at Korelin had a safe and merry Christmas….thanks for another great year of interviews,solid contributions from fellow posters and the occasional banter. Hopefully next year the PM’s do us a huge favour.

    Dec 27, 2021 27:52 AM

    A slow week of trading I’m sure but the uranium plays down under were up at least

      Dec 27, 2021 27:23 PM

      Yep, a nice pop in a number of the Uranium stocks today to kick off the week. I’ll take it!!

      Dec 27, 2021 27:50 PM

      Here’s a bit of trivia for this slow time in the market: A late great relative of mine used to be the largest owner of uranium mines in the world, at least that’s what the following short article claims…

      Jim Grant said the following about him:
      “We can have no finer role model. First and foremost, he was a value investor — a member of that eccentric tribe that believes it’s better to underpay than to overpay.”

          Dec 27, 2021 27:38 PM

          Thanks for sharing that Matthew. Very interesting biography there for Floyd Odlum, and in addition to being the largest holder of uranium mines in the world, he also bailed out Goldman Sachs in the Great Depression for 8 cents on the dollar, was a large investor in Hilton and Hertz, amongst many other achievements.

            Dec 28, 2021 28:56 AM

            Because of his ownership of RKO studios (which he later sold to Howard Hughes), I have a picture of my grandfather with three young actors by the names of Mickey Rooney, Jackie Cooper and Freddie Bartholomew as well as a young actress whose name I can’t remember. They were filming the 1936 movie The Devil Is a Sissy at the time of the photo and must’ve been between takes since their clothing in the photo was the same as in the movie. Floyd entertained a lot of big stars at his ranch in Indio.
            Floyd’s brother (who was also a Colorado Law School graduate) was one of my dad’s favorite people. He got my dad interested in gardening, of all things and the feeling was mutual based on a letter he wrote about my dad over 70 years ago which I still have.
            I should have pointed out to begin with that Odlum was not a blood relative.

            Dec 28, 2021 28:12 AM

            A fascinating slice of history and life.

        Dec 28, 2021 28:35 AM

        Thanks for sharing Matthew! I really enjoy stories of this nature.

          Dec 28, 2021 28:04 PM

          It’s clear that Odlum was part of the invisible or “shadow” government but the great researcher Charles Savoie added some info that suggests to me that he was slightly less powerful than Savoie himself seemed to think. I’d bet that Odlum’s rise to power came from his position as “a Morgan corporation executive” and not at all from his lineage or familial ties. (When J.P. Morgan died, it was discovered that Morgan money was really Rothschild money and that Morgan was an agent of the Rothschilds like so many others, directly or indirectly.)
          The portion of the following article that covers Odlum is about 10 percent of the way down from the top but all of it is worth reading. (Savoie has been complimented by many names that would be familiar to KER visitors including David Morgan.)

            Dec 28, 2021 28:10 PM

            I believe it is likely that Odlum found himself in a very similar position to that of Norman Dodd over 90 years ago but, unlike Dodd, chose to go along with the opportunity offered him.

            Dec 28, 2021 28:36 PM

            Of course, Savoie would be a terrible researcher had he ever fallen for Trump so, of course, he hasn’t.
            The following is almost 6 years old…

            Dec 28, 2021 28:02 PM

            Ron Paul tells it like it is while the “right” falls for a vacuous clown.

            The cancer that has been growing and destroying the country at an increasing rate for over a century is progressivism and it is pushed by the very elites that the average clueless leftist thinks it’s against.

            “Progressives are even pushing the Fed to increase its money printing and regulatory activities to fight climate change and racism. Federal Reserve Chairman Jerome Powell has embraced this “woke” monetary policy. President Biden’s reappointment of Powell and nomination of current Fed board member Lael Brainard (who is seen as more committed to a woke Fed than Powell) for vice chairman suggests the Fed will double down on this toxic mixture of cultural Marxism and so-called modern monetary theory.”

            Dec 28, 2021 28:38 PM

            Since the ignorant majority is a permanent problem, history always repeats…

            Almost 75 years ago:
            “Anyone who opposes the American communists is at once branded a ‘disrupter,’ as a ‘fascist,’ a red baiter,’ or a ‘Hitlerite,’ and becomes the object of a systematic campaign of character assassination. This is easily understood because the basic tactics of the Communist Party are deceit and trickery.” — J. Edgar Hoover excerpt from speech before the house committee on un-American activities, March 26, 1947

    Dec 28, 2021 28:31 AM

    My plan was to hold my small allocation of miners through to PDAC, but when CN Rail ( (CNI) took a wee hit last week, I dumped the miners and bought more
    Wheaton (WPM) is all I have left in the PM sector; except for the stack under the propane tank. If I ever buy a basket of miners again, I hope someone shoots me.