For PM Stock Investors The Best Thing To Do Is Ignore The Metals Price

October 4, 2019

Erik Wetterling, Founder of The Hedgeless Horseman explains why he is ignoring the precious metals prices right now when doing his DD on companies. There are some key fundamentals to look for in all metals companies no matter what the metals prices are doing. We also discuss the drill program Lion One Metals is about to undertake.

Click here to visit Erik’s website – The Hedgeless Horseman.

If you want to read up on the Lion One drill plans click here.

    Oct 04, 2019 04:46 AM

    The Fed will be talking at 2 p.m. Eastern at:

    Oct 04, 2019 04:56 AM

    Matthew, what do your charts say about OR now? I’m sure I’ve done the wrong thing but I followed my gut this morning and bought more OR. If it drops another dollar I will buy a lot more. Thanks.

      Oct 04, 2019 04:16 AM

      Bonzo, I bet you have not done the wrong thing. The odds that Monday’s low will hold are pretty good.

      Oct 04, 2019 04:23 AM

      Let’s see how it deals with the fork resistance that has capped it today (so far)…

        Oct 04, 2019 04:46 AM

        Thanks, Matthew. I feel better now, and if it falls to 9.25 to form a double bottom, I’ll buy more. USAS is interesting too. Adam Hamilton thinks GDX will fall to 23 so we may have more pain ahead.

      Oct 04, 2019 04:08 PM

      @Goldfinger – “Bullish engulfing candlesticks all over the place in #gold miners. A powerful way to end the week. $GDX $GDXJ”

        Oct 04, 2019 04:11 PM

        Gold: When Chart Patterns Fail

        @Goldfinger on 4 Oct 2019

        “Heading into next week gold bulls should feel pretty good considering that the $1500 support level has held yet again on a weekly closing basis. Moreover, the bears had their chance with a pretty good setup early in the week as Peter L. Brandt pointed out on Twitter (bearish CoT positioning + a chart pattern top), but they weren’t able to sustain the momentum. I think gold still needs some more time to consolidate its big gains since May, however, dips are likely to continue to find strong bid support before an eventual upside breakout (above $1567) later in the year (December).”

          Oct 04, 2019 04:46 PM

          Gold Prices Consolidate in Bull Flag – Key Technical Levels for XAU/USD

          Oct 4, 2019 – Christopher Vecchio, CFA, Sr. Currency Strategist

          “It no longer appears that the gold price head and shoulders topping pattern is valid. Instead, a bullish continuation effort may be taking shape.”

          “Gyrations in global equity markets, sovereign bond yields, and FX markets have produced a caustic environment for precious metals. Sharp declines by gold prices at the end of September and Q3’19 were met with enthusiastic buying at the start of October, largely thanks to concerns over the state of global growth after weak PMI readings across the developed world.”

          “But part of the reason why gold prices have been able to rebound in recent days has been the prospect that the Federal Reserve may need to accelerate its easing efforts as the US economy looks weaker and weaker. The past week’s data was incredibly discouraging: a 10-year low in US ISM Manufacturing; three-year lows in US ISM Services, CEO & CFO confidence; and a six-month low in US retail sales.”

          “With uncertainty on the rise once again, the environment for precious metals is starting to become more appealing. In turn, as volatility rises, one of the two scenarios examined in the last gold price forecast may no longer be valid.”

          Oct 05, 2019 05:02 AM

          From what I seen from Peter Brandt, he’s one of the few that knows what he’s talking about and was bullish in January 2016.
          We bulls aren’t out of the woods by any means but most of the bears do not appear to understand the whole picture and are premature in their assumptions.


    Oct 04, 2019 04:47 AM

    The employment numbers were bad, the prior months employment adjustments were bad, the unemployment numbers are false in that it does not reflect properly the participation data, the algos are creating false markets, and the Central Banking System is twisting the truth with the help of Commerce and Treasury. Gold should be flying and most of the oligarchs in jail.

    Oct 04, 2019 04:58 AM

    Economy looking good……….no reason to own gold nor silver…..especially platinum….

      Oct 04, 2019 04:02 PM

      Silver caught in a vacuum ……….like old silver stealer says……rigged and not going anywhere……Pilgrims Society…members meeting tonight….all welcome,.. not….

    Oct 04, 2019 04:06 PM

    Goldman……Sakers……….cutting rates……why, of course they are……

    Oct 04, 2019 04:11 PM

    Land of the Free……..
    Flag of communist China raised above Boston City Hall

    How far Boston has fallen since 1776.

    To celebrate the 70th anniversary of the Communist takeover of China, the Chinese Progressive Association of Boston held a ceremony and raised the Chinese Communist flag over city hall.

        Oct 04, 2019 04:50 PM

        Actually the last story in that Simon Black article where the Utah woman was topless, may be it was accidental that her stepchildren saw her but everything that Utah woman said to them was wrong.

          Oct 04, 2019 04:59 PM

          Hello JMiller……..glad you could make it around……..we have had a great week here on the KER…….you would have enjoyed it……..OWL, flipped his lid,earlier in the week but, finally came back to earth.
          The USgovt is so screwed up, ….where to begin….
          Lady Liberty….wants to be called IT,or THEY, or is the LGBT…..
          Pelosi, is on the ropes, and Schiffy, has not come down from his cocaine high.., Maybe Mr./Mrs. Bull, can bring him back to reality after he gets out of jail for to many guess sleep overs, that do not come back alive…,,,,no, ,,no hope for Schiffty…..
          Schiffy, now has the 4 star PinOky Award…from WaPo…..what a life…

            Oct 04, 2019 04:01 PM

            I would change guess, to guest, but, they are still trying to figure out who the victim is…
            that was fake news, actually, the guy got out alive….

      Oct 04, 2019 04:19 PM

      REOPPPortunity for the people……….

    Oct 04, 2019 04:07 PM

    JPMorgan appears to be in serious liquidity CRISIS.

    Despite its metals desk being found GUILTY of spoofing, it still is ILLEGALLY MANIPULATING GOLD AND SILVER.

    It has been reported (e.g. by Ted Butler) as having the biggest stockpile of silver ever accumulated, but even the net value of that pile pales in comparison to its COMEX manipulation shorts and potential losses.
    The LBMA is more opaque.

    Oct 04, 2019 04:33 PM

    Graham……….is spot on……..I said there will be a push back……confirmation is at hand.

    Oct 04, 2019 04:46 PM

    cANDACE OWENS speaking NOW:

    Oct 04, 2019 04:48 PM
    Oct 04, 2019 04:51 PM

    Baltimore/Maryland corruption appears rampant….

    It is even possible Cummings’ wife is triple dipping. (Currently refusing to produce (as legally-required) statements for “non-profit” organization she appears to be running.)

    She has learned well, it appears, from the un-indicted CROOK Hillary Clinton.
    These non-profit scams appear very prevalent among Democrat politicians.

    Oct 04, 2019 04:55 PM
    Oct 04, 2019 04:13 PM
    Oct 04, 2019 04:25 PM


    Oct 04, 2019 04:44 PM

    Glenn Beck explains Ukraine …… using chalkboard.

    Oct 04, 2019 04:53 PM

    The continuation of Glenn Becks presentation:

      Oct 05, 2019 05:38 AM

      Crazy, or ‘Genius’ Troll? AOC Voter Wants To ‘Eat Babies’ And Children To Save The Planet

      Glenn Beck – Oct 4, 2019 #VIDEO

      “During a town hall meeting in New York, a seemingly crazy constituent for Alexandria Ocasio Cortez stood up and demanded that we start eating babies and children to save the planet. Because, according to her, we only have a few months left! So, a crazy AOC plan, or is she actually a “genius” Republican troll?”

    Oct 04, 2019 04:17 PM

    The Fed is relentlessly replacing Mortgage Backed Securities with short term Treasuries. Fed Balance up $186 Billion in a month, with increasing Repo involvement.

      Oct 04, 2019 04:57 PM

      Trump= Triumph

    Oct 05, 2019 05:13 AM

    Which Countries Are the Biggest Boost or Drag on the EU Budget?

    The Visual Capitalist – September 20, 2019 – By Jenna Ross

    Oct 05, 2019 05:32 AM

    Lower For Longer Copper Price Puts Squeeze On Marginal Miners

    Frik Els | October 3, 2019

    “Trade worries have dogged copper price bulls for the better part of a year, but more recently weak data from China, the US and Germany, together responsible for 70% the world’s consumption, have intensified the sell off.”

    “While there is near unanimous consensus that copper’s long term prospects are bright (particularly under a Greta Thunberg scenario), a lower for longer price is likely to cull the industry of marginal producers – those in the 90th percentile of costs.”

    “BMO calculates at current prices, some 10% of copper mines around the globe are operating at a loss (while nickel extractors can’t believe their luck).”