A discussion on the metals markets. What’s holding it back and what can drive the stocks.

April 11, 2019

David Erfle, Founder of The junior Miner Junky joins me for a discussion focused on the metals sector. We look at the investor sentiment and how certain regulations are making it harder for companies to raise money. We also touch on the currency markets and how the underlying PM prices are impacted by moves in the US Dollar. David wraps it up with a couple companies he owns that are moving higher.

Click here to visit David’s site and at least sign up for his free newsletter.

    Apr 11, 2019 11:50 AM

    Don’t hold your breath for upwards bounce.

    Apr 11, 2019 11:36 AM

    Deep State got Assange. He will be in the US in a day.

      Apr 11, 2019 11:31 AM

      Yep, the secret is out………..

      Apr 11, 2019 11:36 AM

      He won’t be in the US today.

      In London, the physical precious metal market seems to be decoupling, as physcal premiums/not available signs appear.

      Could be temporary…..I do not know.

    Apr 11, 2019 11:44 AM

    Meanwhile SWINE FLU in China is devastating production.
    Expect significant increases in pork imports to China (mostly from US)
    4 million tonnes this year.
    Expect singnificant drop in Soya imports…..dead hogs don’t eat.

    Apr 11, 2019 11:46 AM
    Finally, confusing the hell out of anyone who is not yet proficient in Erdoganomics, i.e. “economics for insane people”, Kudlow added that the economy is so strong that the Fed should cut rates immediate by 50 bps. Because obviously that makes sense.

      Apr 11, 2019 11:49 AM

      DOW………..on the way to 50,0000

        Apr 11, 2019 11:50 AM

        Platinum…….going to take the lead in metals………according to GANN REPORT

          Apr 11, 2019 11:09 AM

          The Assange trial (if there is one) is going to be interesting.

          1. Assange is not an American citizen.
          2. Assange , as publisher of Wikileaks, has not yet been proven to have stolen ANYTHING.
          3. Wikileaks did publish documents alledgedly provided by (Chelsea) Manning (whistleblower of US alledgedly unconstitutional behavior)
          4. Wikileaks did publish Clinton and DNC emails.
          5. Assange was charged with possible sex offenses in Sweden, but those charges were dropped years ago. (Assange claimed those charges were fabricated to get him in US hands.)
          6. It has not even been proven that Wikileaks “publications” arose in the U.S., so technically jurisdiction is a problem.
          Can one be found “guilty” in the U.S. for publishing something outside the U.S.?

          Consider someone publishing something in the U.S. which is detrimental to e.g. China.
          Should China have the right to demand extradition to China of a non-citizen?

            Apr 11, 2019 11:30 AM

            At Trump’s Press Conference this morning, he (Trump) denied opinions/instigation of Assange/Wikileaks actions, referring reporters to Attorney General/ DOJ.

            Apr 11, 2019 11:37 AM

            How is the DOJ……..going to prosecute a non citizen……?

            Apr 11, 2019 11:38 AM

            Sure will not be for treason……..

            Apr 11, 2019 11:43 AM

            Generally, an espionage conviction requires U.S. prosecutors to prove the following elements:

            Information transmitted is classified government information or relates to national defense ; and
            The accused acted with the intent or reason to believe the information will harm the United States or help a foreign nation (not necessarily an “enemy” of the United States); and
            There was a willful communication, transfer, or receipt of the information; or
            There was an overt act in furtherance of a conspiracy to commit espionage.

            Apr 11, 2019 11:45 AM

            Above might fit HILLY……..

            Apr 11, 2019 11:29 AM

            Trump today: ‘I know nothing about WikiLeaks.’ Trump in 2016: ‘Oh, we love WikiLeaks’

            Apr 11, 2019 11:07 PM

            DOJ prosecutes criminals within their Jurisdiction. Nationality is not the issue but having jurisdiction over the crime.

            Apr 11, 2019 11:34 PM

            Yes, I forgot…..The US. can go after anyone , anywhere, anytime……LOL

            Apr 11, 2019 11:36 PM

            Unless you are a banker TBTF……lol

            Apr 11, 2019 11:39 PM

            Good point AJ………he only has selective memory……lol

            Apr 11, 2019 11:33 PM

            Folks will need to take careful note of what Assange is being charged with. They are saying he tried to help CM crack a password – that is very different than anything listed in your 6 issues above. If they have real evidence then he is really between a rock and a hard place.

    Apr 11, 2019 11:47 AM

    Kudlow……has SourWine FLU

    Apr 11, 2019 11:47 AM

    good grief………..silver stinks again……$14.92

    Apr 11, 2019 11:30 AM

    Section 232 investigation (pertaining to Uranium) is due to the president by April 14th, so in 3 days.

    Apr 11, 2019 11:48 AM

    Latest Epoch Times coverage of Spygate:

    Apr 11, 2019 11:48 AM

    PPI doubled to .6% and gold sold off….The cost will be passed onto CPI right?…no idea

    Apr 11, 2019 11:05 PM

    lthcare stocks being driven down today.

    Have people finally realized nationalized healthcare does not work either for patients or for companies?

    Name one Government program (other than oppression) that works efficiently.

    Apr 11, 2019 11:24 PM

    Been swing trading JDST/JNUG this week.

    Apr 11, 2019 11:42 PM

    For only the third time in the last decade (2009, 2016), GDX’s 5 month EMA has crossed above its 25 month SMA and the monthly MACD “agrees” with the message: be long the sector. Of course a monthly chart doesn’t necessarily mean much in the short term.
    The last two crosses each resulted in further gains of about 66%. A repeat would put GDX at $36 which also happens to be roughly the target of the price structure that followed the 2016 low.

      Apr 11, 2019 11:48 PM

      Wrong chart. I just learned that I can’t take Firefox-derived link and paste it to a window in Chrome.
      Monthly GDX:

        Apr 11, 2019 11:50 PM

        As usual, you need a stockcharts subscription to see a monthly chart.

      Apr 11, 2019 11:54 PM

      As you can see on the daily chart, GDX isn’t down much since topping in February…

        Apr 12, 2019 12:20 PM

        Hi Matthew – What are you thoughts on the ISVLF chart? I slow grind higher from here or further downside potential?

          Apr 12, 2019 12:08 PM

          Hello Charles – Despite yesterday’s action, I think it will rise from here. How much and at what rate I don’t know. If significant downside is coming, it’s probably at least two weeks away.
          I still think it/the sector is likely to deliver a significant gain before summer.

    Apr 12, 2019 12:41 PM

    Thanks Matthew. Volume has trended down since the most recent top so I am hopeful.