The balance between US markets and precious metals in 2021 – What will out perform?
Chris Vermeulen, Founder of The Technical Traders joins me to balance out the drivers for US markets and precious metals as we move into 2021. There is a lot of uncertainty for next year but that doesn’t mean it will be negative. We are expecting a lot of volatility in the broad averages which will impact gold and especially the gold stocks.
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BMO was saying they expect gold to increase in 2021 by 8-9%
News yesterday was warning food prices could increase 10% in 2021, sounds like gold will do what it always has.
Phyzz gold might be wiser than cash in a bank.
Silver Range samples up to 1,490 g/t Ag at Bellehelen
2020-12-15 10:30 ET – News Release
Mr. Michael Power reports
SILVER RANGE RESOURCES SAMPLES HIGH GRADE SILVER & GOLD FROM THE NEW BELLEHELEN PROJECT, CENTRAL NEVADA
Silver Range Resources Ltd. has released results from a new project in central Nevada.
Chris thinking concerning people not buying into gold.
The last time silver aproached $50 was the last time I saw line ups at the PM dealer.
The public should get interested again but I have no idea at what price, young people I have spoken to have no interest in metal, they focus on crypto.
On the other hand, those line ups at the dealer, really didnt have young people in them. 😉
Every thing quite on the Western Front……keep in the trenches….until the bomb lands…lol
The sheeple need confirmation from the herd, it is safe… …silver has a long way to go…still needs to break that long term cycle of $49……unlike gold which has already broken out….Gold still looking good…long term…..
No long lines at the door for silver yet, ….long lines will return when silver is over $50…jmo
Good thought on the Youngsters………which means , they are still clueless….lol 🙂
The 7 miners that I mentioned buying yesterday all did well today, especially (and luckily) the one that I bought the most: Hecla.
https://stockcharts.com/h-sc/ui?s=HL&p=D&yr=0&mn=9&dy=0&id=p52677639070
Hi Matt, when is America’s Gold and Silver going to gain some traction, for many years it has traded sideways, it almost looks like a dead gunslinger on main street “Tits Up’. DT
With T.USA, if you bought this stock 7 years, December 21st 2013 the price was exactly the same and if you held you would be thinking this is nuts, with inflation your stock would be worth about 50% of it’s price today! Time now to go bargain hunting. DT
Hiding in that same price is a lot of dilution (which was justified/put to good use). The company is different animal now but of course that comes with some new risks.
This sector requires “selling the rips” after buying the dips.
That Brixton news wasn’t supposed to land there.
Hi DT, I’m guessing it will move soon along with the rest of the sector. I bet it will fly once it clears its 2019 and 8/2020 highs…
https://stockcharts.com/h-sc/ui?s=USA.TO&p=D&yr=5&mn=0&dy=0&id=p93089014416&a=522797042
I do not currently own it.
Hi Matt, thanks for your input, DT!
Matthew – Thanks for the post on Brixton. The chart is looking tasty. Purchased some more SILJ this morning as well as a few micro cap gold miners.
I agree about Brixton and did buy a little more today.🚀
https://stockcharts.com/h-sc/ui?s=BBB.V&p=W&yr=5&mn=3&dy=0&id=p06727578410&a=857065984
That chart looks like the correction could extend into February. Hopefully not though. I have been constructing Andrews Pitchforks lately. My charting software doesn’t have them so I have to constructed them manually using trend lines. I have a few stocks I would like your thoughts on. UUUU, is it due for a pull back or is there more fire coming in your opinion? Also, just wanted to have you take another look at Scandium International. Granted not a whole lot of volume, but the action is encouraging.
UUUU is a tough one. Based on the daily chart, I’d trim if you haven’t already and sell more on a single dip (intraday, not a close) below the KAMA (now 2.82 and rising fast).
https://stockcharts.com/h-sc/ui?s=UUUU&p=D&yr=1&mn=0&dy=0&id=p46524591611&a=857224779
The weekly chart leaves room for a quick shot to around $4 despite that record distribution volume last week. The 3.70s could stop the move but a move above that area would probably take you just over 4.00. With the weekly RSI currently at 79.5, I’d sell most if not all on such a move.
https://stockcharts.com/h-sc/ui?s=UUUU&p=W&yr=3&mn=0&dy=0&id=p96064992063
Stockcharts doesn’t support the U.S. listing for Scandium so I’ll use the Canadian symbol SCY.
Before I looked at the weekly chart and Fib retracements, I was thinking you might see .27-.28 so I’ll stick with that.
https://stockcharts.com/h-sc/ui?s=SCY.TO&p=W&yr=5&mn=0&dy=0&id=p99621775578&a=628367061
If not for gold/silver and commodities in general perking up right now, I’d probably expect a top much closer to the current level. Watch that fork support around .225 tomorrow…
https://stockcharts.com/h-sc/ui?s=SCY.TO&p=D&yr=1&mn=0&dy=0&id=p72263237322&a=857235941
Thanks Matthew. I took half off of each position this morning
Damn it. I must not be getting all the posts or some of the commentaries again. I never that mention and even went back looking for it. I’ve had this issue before. Sometimes between my iPhone and iPad I can literally see commentaries missing on one apparatus vs the other
Sadly Wolfster, I’m in the same boat. I can’t recall seeing a post by Matthew where he was noting 7 stocks. It’s too bad that I somehow missed that golden info because I would have invested some quality time perusing Matt’s insights.
Canuckski, I didn’t see that post either, Matt could you please repost your list from a few days ago. Thanks DT
You guys didn’t miss anything special:
On December 14, 2020 at 11:30 am,
Matthew says:
I bought PAAS and HL today along with 5 juniors.
On December 14, 2020 at 11:31 am,
Matthew says:
I will be surprised if SILJ is unable to fill its 12/1 gap; it only has 1% to go.
https://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=1&mn=0&dy=0&id=p02734084199
I saw that comment. It looks like that SiLJ Gap was filled. I bought today anticipating the early November high being taken out. Hopefully by the end of the week.
If this price holds, then that may happen, otherwise if that doesn’t happen, this price might hold. But we won’t know for sure until after it breaks out, and all the people that do know have made 3X before our subs get in. TA. Print a symbol log chart, take out a ruler, and then draw lines between lows and highs.
So, does anybody know what Joe Biden plans to name his cat? Pussy (Galore) might be a good start. Same applies for VP
Gold: https://postimg.cc/6756LYj9
50% pull back into a major bull flag.
This is important, when a mining team keeps their promises. PURE GOLD DELIVERS FIRST ORE TO THE MILL ON TIME AND ON BUDGET. DT
https://money.tmx.com/en/quote/PGM/news/6727935967813041/PureGold_Delivers_First_Ore_to_the_Mill
Santacruz Silver is chewing through the overhead selling volume IMHO. I own it.
Hi Dan, I’m right there with you! DT
Awesome little company I think, it’s my largest holding so I am all in, haha.
I’m right there with you on Santacruz Dan…thanks to Excelsior who many times in the last two years not only mentioned it but analyzed it.
If you’re out there Ex thanks again.
I just now saw this thread, but thanks blazesb. Yep, I’ve been banging on the drum for Santacruz for a while because I feel that they have been so undervalued relative to their peers and overly punished for sins of the past, but their current and future set ups look promising for continued outperformance. They were the top Silver producer for percentage gains at the peak of the 2019 surge in PMs for a reason, and with costs coming down and production growing at Zimapan and Rosario, I expect them to continue to have amazing leverage to rising Silver prices, with nice Zinc/Lead kickers.
right here is a good op for an equity trading market top and grow into possible intermediate top…Racism and vaccines article below as loius farakahn views it…
https://www.unz.com/article/the-covid-19-vaccine-and-the-u-s-policy-of-depopulation/
Mr. Ross Beaty of Equinox reports
EQUINOX GOLD ANNOUNCES FRIENDLY ACQUISITION OF PREMIER GOLD MINES
Equinox Gold Corp. and Premier Gold Mines Ltd. have entered into a definitive agreement whereby Equinox Gold will acquire all of the outstanding shares of Premier. Concurrently, Premier will spin out to its shareholders shares of a newly created U.S.-focused gold production and development company to be called i-80 Gold Corp. that will own the South-Arturo and McCoy-Cove properties and will complete Premier’s previously announced acquisition of the Getchell project, all in Nevada. Equinox Gold will retain Premier’s interest in the world-class Hardrock project in Ontario, the Mercedes mine in Mexico, and the Hasaga and Rahill-Bonanza properties in Red Lake, Ont. On closing of the transaction, existing Equinox Gold and Premier shareholders will own approximately 84 per cent and 16 per cent of Equinox Gold, and Equinox Gold and existing shareholders of Premier will own 30 per cent and 70 per cent of i-80 Gold, respectively, on an issued share basis. All dollar amounts are in U.S. dollars unless otherwise indicated.
XTRA-GOLD EXPANSION DRILLING ON NW FOLD-LIMB AT DOUBLE 19 INTERSECTS 30 M OF 6.2 G/T GOLD, INCLUDING 12 M OF 10.1 G/T GOLD, KIBI GOLD PROJECT, GHANA
Xtra-Gold Resources Corp. has released assay results for an additional 20 drill holes from its current resource-expansion target-generation program within the zone 2/zone 3 maiden mineral-resource-footprint area on the company’s wholly owned Kibi gold project, located in the Kibi-Winneba greenstone belt in Ghana, West Africa.
AMERICAN CREEK’S JV PARTNER TUDOR GOLD INTERSECTS 1.215 GPT AUEQ OVER 354.0 METERS WITHIN 1225.5 METERS OF 0.702 GPT AUEQ (HOLE GS-20-94)
American Creek Resources Ltd. joint venture partner Tudor Gold Corp. has released results for the fifth set of diamond drill holes for the Goldstorm zone at its flagship property, Treaty Creek. The project is located in the heart of the Golden Triangle of northwestern British Columbia and is on-trend from Seabridge’s KSM Project located five kilometers southwest of the Goldstorm Zone. Results from 12 diamond drill holes have recently been received from MSA Labs with final results from another
U.S. Gold Corp. Drills Continuous Mineralization and Attractive Gold Equivalent Grade of 1.126 g/t Over 177.5 Meters Within its CK Gold Project in Wyoming
2020-12-16 09:25 ET – News Release
– 177.5 meters (600 feet) of continuous gold, copper and silver mineralization with an average gold equivalent grade of 1.126 g/t
– 2020 drill program was a combination of core and reverse circulation drilling
– The twenty-nine hole drill program is designed to advance the CK Gold Project to the Pre-Feasibility Study level
Bitcoin broke 20k today.
Pornhub moves to only accept Bitcoin & other cryptocurrency after Visa/Mastercard cut ties over sexual exploitation report
https://www.rt.com/usa/509787-pornhub-cryptocurrency-mastercard-visa/
Could that be called intrinsic value?
Humm……me think bitcon., could easily double from here…..within the next 18 months…JAWAG…..
Maybe it goes to 500k.
Would that prove that gold is a barbourous relic?
I just wonder how much bitcoin will mute the gold bull this time.
If at all.
Dang good question…..
Zerohedge, has a good chart…..Under the Whale buys bitcoin…..look at the amount of total value, compared to gold, stocks, cash…….bitcoin on that chart, shows, that bitcoin has a wide open chance of going to any number…..
Bobby, might have to give John K. some respect now…. 🙂
Ex, is going to HODL……into a fortune…. 🙂
Spread the wealth…. 🙂
When Basketball players are making $225 Million …..bitcoin at $500k, is chump change…lol
Just saw these comments OOTB. Good one!
I’m working on HODLing a fortune in many sectors, but have been growing my Bitcoin exposure through GBTC, and have considered grabbing back a few crypto miners to add to the mix. We’ll see how the speculation goes…
That would do the opposite of prove gold is a barbarous relic since such a move would have nothing to do with a decline in the dollar. Gold is money, BC isn’t. Gold will continue to reflect changes in the purchasing power of the dollar while BC will continue to move without any correlation to the dollar.
BC going to the moon has no more significance than a stock or some other speculation going to the moon. Gold doesn’t care that profit-free Amazon is trading at $3200.
I always find this interesting.
I bought phyzz today, my last attempt my car blew up so I couldnt get any.
I had better luck today, my new car didnt blow up.
Im sure it will eventually.
In any case, this time there was a line up out the door, no young people, all old and wrinkled like myself.
I got into a discussion, all the people there knew all the stuff I did, banks were the prefered topic.
They all wondered about bitcoin and felt diversifying was a good idea.
In other words, owning some bitcoin.
Off topic………Sad for any christian……Joel is a Jerk….
https://www.zerohedge.com/political/joel-osteens-church-received-44-million-ppp-stimulus-payments
Let’s not leave out the catholics….under the law group….lol
It was also revealed that over 9,000 Catholic churches were approved for the loans. However, the Vatican, which is the global head of the Catholic Church, is one of the most wealthy organizations in the world. While their exact holdings have been called “impossible to calculate“, bankers estimate that the Vatican has been 10 and 15 billion dollars in cash, land, and investments alone.
I dont know why the catholic church needs to invest in anything, there are what? 1 billion people donating 10% of their income?
New Found drills 13.1 m of 45.3 g/t Au at Queensway
2020-12-15 12:01 ET – News Release
Mr. Craig Roberts reports
NEW FOUND GOLD INTERCEPTS 45.3 G/T AU OVER 13.1M AND 25.0 G/T AU OVER 16.85M IN STEP-OUT DRILLING AT KEATS ZONE, QUEENSWAY PROJECT, NEWFOUNDLAND
New Found Gold Corp. has released partial results from six additional holes drilled at the Keats zone drilled as part of the company’s continuing 100,000-metre diamond drill program at its 100-per-cent-owned Queensway project, 15 kilometres west of Gander, Nfld.