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Here’s what’s catching Erik’s eye in this very selective precious metals market

Cory
February 11, 2021

With the precious metals market continuing to be largely ignored by the general investor currently I have Erik Wetterling, Founder of The Hedgeless Horseman, share the companies he is liking. We discuss how he is trading around drill results and how he views value in the Golden Triangle.

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

Discussion
27 Comments
    BDC
    Feb 11, 2021 11:25 AM

    S.T.A.T.S. (20210211)
    Possible Qualified Turn*
    Gold and Silver Miners
    Up: Topping or Topped
    Down: Thursday (18 Feb)
    Uranium Miners
    Up: Friday (12 Feb)
    Down: Next Week
    *Plus/Minus One Day
    ( 20% / 45% / 35% )

      BDC
      Feb 11, 2021 11:42 AM

      JDST(6/7): Likely Bottom

    Feb 11, 2021 11:51 AM

    mY GOLD AND SILVER STOCKS ARE SLOWLY COMING BACK EXPECT MORE VOLITILE ACTION .

    Feb 11, 2021 11:12 PM

    The low for gold/GLD so far today was just above the 50 week MA…
    https://stockcharts.com/h-sc/ui?s=GLD&p=W&yr=5&mn=0&dy=0&id=p23021507415

      Feb 11, 2021 11:16 PM

      Matthew, do you think that 50 week MA for gold will stop the fall?

    Feb 11, 2021 11:33 PM

    https://blog.smartmoneytrackerpremium.com/ Gary thinks we’re getting close to the breakout FWTW.

      Feb 11, 2021 11:41 PM

      I hope Larry and Al will go to globalcancersymposium2.com tonight and listen to Dr. Peter Glidden. It could open Al’s eyes.

    Feb 11, 2021 11:59 PM

    This is the right shoulder so talked about long ago which is a pattern I have been watching till now. If gold holds then this pattern is exactly the one or very close to what I had been looking it. However I’m looking at another pattern and it has us going down to $1681-$1684 first target. Which means could hold there or go even lower..

    For what it’s worth the right shoulder is still in play. Someone kicked me in the ass the other day and said so much for it.

    https://schrts.co/EXzrJsxF

      Feb 11, 2021 11:59 PM

      Glen, that was not very appropriate for someone to say—alll that right shoulder probably needs is a little surgery.

        Feb 11, 2021 11:27 PM

        +1000

        We don’t give those out often Mr Doc 🙂

    Feb 11, 2021 11:04 PM

    Hey Doc how are the technicals looking now on kdk??? Was that your buying that made it pop up today?😎

      Feb 11, 2021 11:07 PM

      Wolfster; how about that—-there’s only one thing technically that worries me about kdk—-there’s a big gap up a number of weeks ago. If we get aa down draft in the metals market it wouldn’t surprise me if it try to move down there. I must move markets sometimes.

        Feb 11, 2021 11:34 PM

        Wolf,

        I can’t say anymore then doc has said!! I’m not just talking about myself or doc, Jordan, Gary “ second guessing himself” and many of you out there worried! That November low is very suspect and does not feel with history as a true low! So I don’t care what anyone says in all respect, if you are in leverage or already used all your ammo, let me give you a tip! Don’t sell if we go to new lows.. try as possible to hang on you will win in 7 months if it earlier. And if this is not the bottom I’m making money regardless.

        Don’t fret either way we are in a bull market no manipulation can win!

        Glen

        Jerry come back already we miss you amigo 💪😃

          Feb 12, 2021 12:03 AM

          Thanks guys. No worries here. I decided to go long term with kdk. Drill results will tell the story

        Feb 11, 2021 11:08 PM

        Hi Doc – I had replied back to you yesterday regarding KDK and mentioned that it was as an attractive point to accumulate it, and didn’t know if you saw those comments in reply to your question about Kodiak. Cheers!

        http://www.kereport.com/2021/02/10/peter-boockvar-highlights-comments-made-by-bill-dudley-regarding-inflation/

    Feb 11, 2021 11:29 PM

    Interesting silver fork action:
    https://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=2&mn=6&dy=0&id=p98986464971&a=687498907

    The superimposition of the two forks is incredible (arrow). If any one of the highs and lows marked by “b” and “c” happened at a different price or on a different day, the forks would not be so perfectly aligned. I’ve had the same thing happen with speed lines and Fibonacci fans and always wonder what the odds are of such occurrences.

    Feb 12, 2021 12:09 AM

    If anyone is following the IM Cannabis today apparently is the day it will start trading post share consolidation to get the price at a level to qualify for the Nasdaq listing. Another reason to like it when it gets to the Nasdaq,there will be only 40M shares outstanding

      Feb 12, 2021 12:12 AM

      Yep, I saw that reverse split in IM Cannabis to get ready for listing on the big board.

      Thanks Wolfster for keeping us abreast of the situation. I added a new position in the ETF MJ today, since it has pulled back the last 2 days, but want to add some individual pots as well, and IM Cannabis is one I’m considering, along with Red, White, and Bloom that you mentioned. Dan mentioned Fiore Cannabis yesterday as well.

        Feb 12, 2021 12:19 AM

        It’s wild to think that I pulled some profits from Lithium stocks in January after they had a good run, and put them in crypto miners, but pulled profits on Argo Blockchain and Hive today, and placed in them a Cannabis ETF. So from Lithium, to Cryptos, to Pot…. I’m not sure which is the most bubbly speculative sector, but it has been fun to trade. 🙂

        However, I’m still waiting on the other shoe to drop in these overly frothy markets, as it seems like almost every sector has just been ratcheting higher and higher for some time now. When will the music stop?