Markets and Metals – A focus on interest rate direction and the impact on markets, metals and cryptos

September 25, 2021

  • Segment 1 and 2: Rick Bensignor, President of Bensignor Investment Strategies kicks off the show with an extended two segments discussing his forecasts for US markets, yields, gold and cryptocurrencies. We focus on market timing and key levels to watch so you don’t get caught in a losing position. Click here to learn more about Rick’s investment letters.
  • Segment 3: Mike Larson, Editor of The Safe Money Report is next up to recap the Fed meeting and what it means for markets moving into next year. The focus is on interest rates, dividend stocks and how the metals will be impacted. Click here to learn more about the Safe Money Report.
  • Segment 4: Dave Erfle, Founder and Editor of The Junior Mining Junky wraps up the show with a focus on GDX and the breakdown at the end of the week below the key 30-31 level. We also look at silver and the move down to key support at $22. For those holding PM stocks and looking to trade into some stocks we discuss timing and where the next bounce could come.

Exclusive Company Interviews This Week

Rick Bensignor
Mike Larson
Dave Erfle
    Sep 25, 2021 25:22 AM

    Thanks to all the KE Report contributors for another great week of daily editorials, company interviews, and another solid weekend show.

    Also thanks to all our listeners and to those that contribute their insights to the KER blog day in and day out, as we appreciate your participation. Ever Upward!

      Sep 26, 2021 26:47 PM

      Thanks for your thanks….. 🙂
      Going to be interesting this week, with the MORON in Congress… JMO of course… 🙂

        Sep 26, 2021 26:48 PM

        Humm… maybe there is more than one moron… so., … make it MORONS… 🙂

          Sep 26, 2021 26:44 PM

          Yes, there are many morons in congress for sure.

    Sep 25, 2021 25:26 AM

    Gold Stocks Have Become the Ultimate Contrarian Play

    David Erfle – Friday September 24th, 2021

    “Despite robust gold prices, gold mining stocks remain deeply discounted when compared to U.S. stocks as investors continue to bid up over-priced equities during the on-going “Fed Put”. Even though low-cost gold miners are still making huge profits with all-in sustaining costs rising to $1067 in Q2, and paying healthy dividends, gold stocks have recently become the ultimate contrarian play in the marketplace.”

    “In fact, these call options on an inevitably higher gold price have gone from being generally hated by investors after the Fed began its taper-talk in June, to them becoming downright apathetic recently. Earlier than usual tax-loss selling in the sector has taken the current ratio between the metal and gold stocks, as represented by the NYSE Arca Gold Mining Index (HUI), not far off historic lows struck in 2015.”

    Sep 25, 2021 25:57 AM

    Ira Epstein’s Metals Video (09/24/2021)

    Technical Analysis, Gold, Silver, Copper, Platinum

      Sep 25, 2021 25:48 AM

      Thanks! He places critical importance on the September NFP report (8 October).

    Sep 25, 2021 25:01 AM

    Silver, Gold, Palladium, or Bitcoin?

    Kitco News – Sept 22, 2021

    While industrial metals will continue to be in higher demand as the world shifts into a green energy paradigm, one metal stands above the others for Wheaton Precious Metals’ CEO, Randy Smallwood.

    “It is truly the metal of the future,” Smallwood told Michelle Makori at the Denver Gold Forum.

    0:00 – The electrification of the world
    2:50 – Silver
    6:10 – Platinum group metals
    9:10 – Inflation hedge
    11:00 – World Gold Council
    12:40 – Bitcoin
    17:30 – Wheaton Precious Metals

      Sep 25, 2021 25:02 AM

      Note the YT comments!

        Sep 25, 2021 25:39 AM

        ha, lot of Bitcon enthusiast ….. 🙂

          Sep 25, 2021 25:49 AM

          Not sure what you mean by your comment, Jerry!

            Sep 25, 2021 25:21 AM

            I was responding to BDC’s …look at YouTube(YT)comments…..
            after gleaning through the YT comments… there are a lot of BITCON people, who
            do not agree with the article and Randy Smallwood
            Note , I am not agreeing with the Bitcon lovers….

            Sep 25, 2021 25:10 AM

            Good points BDC and OOTB. Yeah, the crypto investors in that comment section from the interview weren’t happy about Randy’s discussion on the precious metals versus bitcoin, but that’s what makes a market.

            The crypto investors should be less worried about what a CEO of a precious metals royalty company thinks, and far more concerned with this:


            Key Detail In China’s Crypto Crackdown Is Callout Of Bitcoin, Ethereum and Tether

            Sept. 24, 2021 By Mark DeCambre – Marketwatch

            “China on Friday reiterated its crackdown on cryptocurrencies in the world’s second largest economy and the latest statement from the People’s Bank of China has put pressure on the broader digital-asset complex.”

            “The Chinese government said that it will “resolutely clamp down on virtual currency speculation, and related financial activities and misbehavior in order to safeguard people’s properties and maintain economic, financial and social order,” intensifying China’s ongoing clampdown, including on mining bitcoin, which has weighed on crypto sentiment.”


      Sep 25, 2021 25:42 AM

      I thought Randy, has some great info….

        Sep 25, 2021 25:46 AM

        We all provide great information, Jerry. That is the true value of OUR Blog. Not mine, but all of ours!

          Sep 25, 2021 25:04 AM

          Yes. Thank you for the platform!

          Sep 25, 2021 25:00 AM

          Absolutely Big Al.

        Sep 25, 2021 25:50 AM

        Agreed OOTB. Randy S. is a very sharp guy.

          Sep 26, 2021 26:50 PM

          :)…. and thanks for the above mention… 🙂

    Sep 25, 2021 25:03 AM

    There’s a Fortune to Be Made in the Obscure Metals Behind Clean Power

    By Andrew Janes, David Stringer and Adrian Leung – September 21, 2021

    “By 2030, demand for cobalt, used in many battery types, will jump by about 70%, while consumption of lithium and nickel by the battery sector will be at least five times higher, according to BNEF. There’ll be a need for more manganese, iron, phosphorus and graphite, while copper, needed in clean energy technologies and to expand electricity grids, will also be a major beneficiary.”

      Sep 25, 2021 25:07 AM

      Tom Palmer: Why is Newmont, The World’s Largest Gold Miner, Expanding Into Copper?

      Kitco News – Sept 23, 2021

      “As the world transitions to renewable energy and electric vehicles, the demand for copper will significantly increase while supply is shrinking. “I am very excited that copper is going to have a very long, good run and we will have some organic exposure to it,” said Tom Palmer, CEO of Newmont. Newmont, which celebrated its 100th anniversary earlier this year, is the only gold mining company listed on the S&P 500.”

        Sep 26, 2021 26:11 PM

        Where is all this demand for copper going to come from after the Bill Gates clot shots have killed billions of people?

          Sep 26, 2021 26:04 PM

          bonzo……… you’re back…. I was beginning to worry,…. thought you might have been caught out on the ranch, with out you pea shooter…

      Sep 25, 2021 25:04 AM

      40 years ago it was “Strategic Metals”.

        Sep 25, 2021 25:54 AM

        Yes, even a year or so back the US government put out their list of “Strategic Metals” and most of those same “Specialty Metals” were on the new list of “Clean Energy Metals.”

        They are all pretty much the same list, and companies that can find ways to economically extract them should do quite well as things unfold in this commodities cycle.

    Sep 25, 2021 25:16 AM

    Those Who Understand What’s Happening Are In For Amazing Times

    I Love Prosperity w/ Jake Ducey – Sept 23, 2021

    “Uranium market is going nuts right now. The spot price is up from $30 to $50 since Sprott started buying Uranium. The uranium stocks are going nuts and have been on an absolute tear. Right now, we’ve had a slight correction and Justin Huhn says that you cannot go back after watching this, because now is the time for the Uranium market to absolutely explode.”

    Sep 25, 2021 25:27 AM

    Looking at an older Bob Kirtley article on SA about Denison (DNN), where he shows that their Wheeler River project is the only one that can match the very low ISR costs of Kazatomprom.

      Sep 25, 2021 25:48 AM

      Yes, if Denison is able to utilize ISR mining in the Athabasca (which has never been utilized there before) then it is projected to be one the lower cost projects to come online, and (DNN) (DML) should be the first Canadian development project to make it into production in this cycle.


      This is from page 8 of the Denison Corporate Presentation:

      >> Flagship Wheeler River Development Project

      • Host to two high-grade uranium deposits
      • NI 43-101 compliant Pre-Feasibility Study (“PFS”) considers staged development plan

      1) Phoenix estimated to potentially have lowest costs of any undeveloped uranium deposit
      • In-Situ Recovery (“ISR”) mining method
      • On-site processing to finished yellow cake
      • Commencement of EA in 2019
      • All-in costs of US$8.90/lb U3O8
      • Operating costs of US$3.33/lb U3O8

      2) Gryphon contributes additional low-cost pounds
      • Conventional underground mining approach
      • Assumes toll-milling at McClean Lake mill
      • All-in cost of US$22.82/lb U3O8
      • Operating costs of US$11.70/lb U3O8

      • Combined 109.4M lbs U3O8 Probable Reserves
      • Combined 14 year mine life
      • Initial CAPEX (Phoenix) of $322.5M (100%)

        Sep 25, 2021 25:54 AM

        I added back a bit more DNN and UUUU yesterday (Friday), now that they’ve pulled back down far below where I trimmed them just a little over a week ago, and these 2 positions are back up to 40% of the initial position size I had in them before trimming.

        Earlier in the week some existing positions in URG, UEC, PTU, and NXE were also added to a little bit, taking them up to 1/3 positions of the size they were prior to trimming.

        Looking forward to seeing if the Uranium stocks may pull back down even more as I’d like to take them all back up to 50% positions if we seen more to this corrective leg.

          Sep 25, 2021 25:04 AM

          I started on CGN(1164HK) but it took off from .93 to 1.53 and back to 1.04HKD all in the week. Also looking at Paladin with Namibian mine coming back on.

            Sep 25, 2021 25:59 AM

            Yes, the last 2 weeks in the Uranium miners has seen a wild fluctuation in prices, where they soared up to their peaks from Sept 13th – 15th, and then have now corrected back down substantially to close out this last week on Friday. It really was a fantastic swing trade to have bought in advance of the rally over the last month, then sold into the early part of 2 weeks ago, and then bought them back the latter part of last week.

            Yeah, there are many speculating on when Paladin will bring it’s Namibian mine back online again, but it will likely be when utility companies come back to the table with producers to set up longer-term off-take contracts in the $50s or $60s. That is what the sector is waiting on.

          Sep 25, 2021 25:09 PM

          DNN swinging for the fences with that one project.

          Sep 25, 2021 25:42 PM

          Chinese could take all that Kaz uranium to fuel their SMR build out. That’s 20% off the market, with Sprott grabbing the left overs. CGN is also active in Korea where they can build these SMR’s quick and cheap. In 10-20 years this whole place could be dotted with reactors. Uranium cycle just beginning

    Sep 25, 2021 25:16 AM

    When the media shows The Big Gong ushering in some important economic event or just the start of a new trading day in the great hall of the stock exchange, I used to view it as some wondrous event, but now I see it as the beginning of another episode of The Gong Show. Even this blog has turned into a bit of a gong show, but that’s what makes life interesting. DT

    Sep 25, 2021 25:18 AM

    The Great Hall of ponzi schemes. This is how bad it is. Takes a few seconds to find out.

    The cryptos are nothing but a worthless bubble to make matters even worse.

    People that believe in all the lies, they’re going to get what they deserve.

    The End Is Near for a society that believes in fables and witches cauldron.

    Ha ! the whole populace is mindless when it comes to everything.

    99 % extremely pathetic the high percentage of complete ignorance and stupidity


    Think about it very carefully and then come back and give it your best shot !!!!

      Sep 25, 2021 25:51 AM

      About your post, The Tone-Deaf Linter says,
      “‘!!!!’ is hyperbolic: …EN TO EVERYONE !!!! Think about …

      Stop yelling. Keep your exclamation points under control. Found once elsewhere: …N TO EVERYONE !!!! Think about…

      Substitute ‘damn’ every time you’re inclined to write ‘very’; your editor will delete it and the writing will be just as it should be: …Think about it very carefully and t…

      ‘!!!!’ is hyperbolic: …your best shot !!!!…”

    Sep 25, 2021 25:14 AM

    👎👎x infinity Visitor, you missed by a very very long shot. Your nitpicking. I was looking for a debate.

    All your comments have zero value. They have no merit or worth whatsoever.

    Start over and come back when you’re much better prepared.

    If you don’t like my exclamation for points that’s just too bad because I don’t take orders from you. However if it bothers you that much you might go see your health provider to find out why you’re so irritated with such triviality.

    This is not a witch hunt, this is a debate regarding the subject above.

      Sep 25, 2021 25:30 PM

      Debate is a “D” word. Bully is a “B”. Each reauires different elements of discussion.

        Sep 25, 2021 25:46 PM

        Both can be, one in the same. Either or, if it’s desirable start the discussion.

    Sep 25, 2021 25:02 PM

    16 days ago:
    On September 9, 2021 at 4:15 am,
    BDC says:
    The GDX double bottom this year must hold.

    On September 9, 2021 at 11:05 am,
    Matthew says:
    Reason for concern would happen well above the 30.64 and 30.68 lows. For example, I don’t want 31.29 breached.

    — — — — —

    One could have hedged or sold when that level broke 9 days ago. Betting on the August low didn’t have to cost anything.

      Sep 25, 2021 25:22 PM

      China has cracked down on the crypto currencies before I think two other times I believe I’m not going to go through the trouble to look it up but I know the last time it was a buying opportunity in the worthless bubble by mindless people.

      It’s just more jawboning and it’s all by the same people including the Fed. They’re all run by the Rothschild family. Ha Ha — IS ANYONE HERE TODAY ?

      Sep 25, 2021 25:29 PM

      Matthew: My statement was rhetorical. As I recall, you were nonplussed when I bought and immediately sold JAGGF a few days before.

        Sep 25, 2021 25:37 PM

        Just checked. Actually bought/sold on the 9th — days before your 31.29 break. What is your point?

          Sep 25, 2021 25:44 PM

          My point is that the bitchers around here are wrong to think that I don’t mention anything but bullish possibilities. It seems they gloss over a lot of details because I don’t act fearful like they do.

        Sep 25, 2021 25:40 PM

        BDC, I wasn’t knocking your comment at all. You casually threw out a good fact. I posted it only to show what I was responding to. Even my 31.29 was not the ultimate alert for any good trader but was a decent one-size fits all for a lot of readers of unknown experience.

          Sep 25, 2021 25:44 PM

          As it turned out, unfortunately we were both right.

            Sep 25, 2021 25:46 PM

            Agreed. Now we have the potential for significant and quick further downside. The bright side is that it should be over soon.

    Sep 25, 2021 25:24 PM

    Never trust anyone else , with your physical silver.

      Sep 25, 2021 25:02 PM

      First wife got all my physical.

    Sep 25, 2021 25:36 PM

    They can have my spouse, just don’t take my silver. lol

    Sep 25, 2021 25:55 PM

    What’s funny and at the same time inconceivable have so many mindless people in society who will become the bag holders of cryptocurrencies. There is so many of them out there it’s worse than the .com bubble. At that particular time and era I was criticized for warning people they were going to lose most of their money and you guessed it, that’s what happened, they lost big time. Lots of grief and pain for years.

    So, go ahead sign up for the worthless bubble in cryptocurrencies the blind leading the blind.

    What’s wrong, you have to let everyone else do your thinking for you. The so-called experts Ha Ha couldn’t be more hilarious and totally disgusting at the same time how people can be led like sheep to slaughter and that’s what’s happening right now anyway in society. The gates are wide open for you. Still succumbing to the lies.

      Sep 25, 2021 25:08 PM

      Addendum to the comments above :

      In the dot com era there was no intrinsic value with almost all the companies it was a ponzi scheme to start with just like what’s taking place now in a lot of the assets that are being pitched especially cryptocurrencies that’s a worthless bubble. Only a few will survive like era.

      Most of these companies in era was a complete gimmick like cryptos are today they would have a location with just a desk and some stationary laying around and answering machine. The market caps were millions and millions it was unprecedented. Just a name and a desk and an answering machine and a listing on the stock exchanges.

      Anyone who is optimistic with cryptocurrencies please explain where the intrinsic value is or anything of value at all and why it doesn’t compares to bubble. Please explain also why it isn’t high high risk and it’s going to be very lucrative. lol buy buy buy — bye bye !!!!

        Sep 25, 2021 25:15 PM

        That bubble was hyper-ventilated by the massive credit influx created by destruction of Glass-Steagall. Cryptos may rhyme.

          Sep 25, 2021 25:32 PM

          Cryptos will rhyme because we’re in a historic bubble with all paper assets and every time the stock market takes a hit the cryptos always go down twice as fast.

          What’s being pitched in here with cryptos is extremely high risk and dangerous and many will just be holding less than a bag of potatoes. It’s going to be the Cannabis market on steroids like a rocket pointed down in reverse millions of dollars go to completely zero in a few days possibly. It’s going to be dramatic and breathtaking. In fact, it’s almost guaranteed.

          When this is historical bubble pops cryptos will be the first thing people will get rid of.

            Sep 25, 2021 25:41 PM

            I take that back, with cryptos it’s almost three times faster on the downside than the general equities market.

            Sep 25, 2021 25:04 PM

            Cryptos is a perfect example of this term :

            A fool and his money, soon part

            It’s a fools game.

            It’s really a ponzi scheme because there’s no intrinsic value. That’s a ponzi scheme bidding up assets that have no value, or very little fraction of what they’re bid up for, that is a ponzi scheme PERIOD that’s what the crypto market is.

            Listen to the so called experts, it’s financial suicide with all of them.

            Sep 25, 2021 25:41 PM

            Cryptos, I have a wallet “”wow”” it’s all secured and theft resistant. I have total privacy too.

            Sounds great I can’t believe it where do I sign up ?

            Critic says, with no underlying assets and no intrinsic value whatsoever.

            What are you trying to protect ? ding ding ding ding ding

            Crypto enthusiast says, I’m sorry can you repeat that I didn’t hear what you said.

            Critic says, pull your head out of the toilet and put some eye salve in your eyes so you can see that cryptos are a worthless ponzi scheme.

            Crypto enthusiast says, okay okay how do you know they’re not going to go up.

            Critic says, anyone that has their head stuck in the toilet deserves to lose money. Only fruitcakes invest in ponzi schemes.

            Crypto enthusiast says, I probably smoke too much pot and can’t wait to get rich too. That’s my dream.

            Critic says, that’s the problem with this society everyone’s altering their state of mind either by antidepressants, alcohol and even illegal drugs everyone’s on something. We have a nation of potheads and dreamers. They have trouble thinking for themselves and they’re always relying on someone else to do the thinking for them. You can’t figure out it’s a ponzi scheme because you’re constantly under these influences and don’t even realize you’re under a psyop by the Central Planners because all your better judgment is blinded by all the things you’re doing including the fictitious dreams. Stop polluting your mind and start making sound decisions because your also gehenna bound. That’s your destiny and fate if you don’t change. Get rid of the pot and good grief stop dreaming it’s unrealistic investing in a ponzi scheme. And live a spiritually filled life before it’s too late.

    Sep 25, 2021 25:54 PM

    Price Quality Week :
    PMs: Possible bottom Tuesday or Wednesday.
    Uranium: Similar timing with the above.
    Negative Saturation likely for both.

    Sep 25, 2021 25:18 PM

    I find Andrew Maguire a little hard to listen to but I suggest listening to Kinesis episode 48 for a very interesting take on paper vs physical silver

    Sep 26, 2021 26:56 AM

    On July 16, 2021 the sun erupted with a solar flare that would have killed the grid, satellites, internet, banking, aviation, and most other electric equipment. It was not directed our way, but the day that happens, we are toast. Also TPTB will be toast.

    From what I understand 1989 was the last solar flare they could have taken out the internet completely. A couple others I believe in the last hundred years and the dates you can research it however would have taken out the grid and everything. Scientifically, they say we’re due for a really really big one so I don’t know.

    Welcome to the wild wild West. If it ever happened it would be a fast race to the bottom. Anything in electronic commerce would be doomed. Horses would be in famine.

    In addition to that, there is so many perils out there even with cyber warfare discussing everything would take pages. All is well, though. Just do this and you’ll be fine so called experts. lol x 1000

    Economics 101, never say never. Sh*t happens. Economically, we’re dancing on the edge of a cliff. Don’t worry though, the Central Planners will somehow be the genie in the bottle providing our daily need for necessities, when there isn’t much supply to go around. The toxic policies they’re promoting today necessities are going to be in famine. lol x1000

    What’s funny though, everyone’s swallowing all the lies. No critical thinking skills and just can’t think for themselves. Psychedelic drugs might even be legalized. Everyone’s already on something to make matters even worse. The whole fabric of our society is falling apart and disintegrating leading to a life much worse than a third world country on steroids. Everyone’s going to end up with a big fat -0-. At this hour and day the homeless population is literally exploding. IS ANYONE HERE TODAY !

    Sep 26, 2021 26:14 PM

    ‘Good post & so true…….skipping the solar flares, society is really on “the edge”.

    Sep 26, 2021 26:44 PM

    Thx Chris, we are definitely on “the edge” not just with solar flares however with everything. Too many to list.

      Sep 26, 2021 26:26 PM

      edge ….. of darkness……….. lol….. the world has gone in orbit… 🙂

        Sep 26, 2021 26:30 PM

        👍👍x10 many will be cast into outer darkness.

          Sep 26, 2021 26:49 PM

          Yep…. already there….

            Sep 26, 2021 26:23 PM

            👍 isn’t that the truth !!!!

            Sep 26, 2021 26:38 PM

            That is the Truth… 🙂 … Nothing but the Truth… 🙂

            Sep 26, 2021 26:42 PM

            Ha Ha too bad that wasn’t being practiced all the time.

            All I hear is lies lol 24/7

    Sep 26, 2021 26:27 PM

    We’ll everyone, we’re approaching our debt ceiling limit and it’s still not resolved. It’s never been a problem in the past and many have blown this out of proportion and they’ve always raised the debt ceiling. I think there’s a great chance much more than in the past because of the out of control pork belly spending and quite frankly where is all his money going to come from there’s no concern for our fiscal responsibility whatsoever with everyone, I don’t see anyone discussing this at all. It’s all normal !!! The public has absolutely no concern it’s just another day in the park. We’ll see what happens. Although, the day of reckoning is not too far off you have to be living in a cave not to realize this. And no, it’s not going to be one of those 2008 financial crisis’s. That’s where all this s*** started. Was never resolved, we are still arm wrestling the same toxic policies that brought us the 2008 crisis only now it’s on steroids x 100 causing a cataclysmic event of gargantuan proportions affecting every woman man and child only this time it will be a catastrophic depopulation event. Oh dear, that could never happen to America. The homeless population is exploding right now at this time and day.
    What could possibly go wrong ? Oh my, I just don’t want to think about that oh that’s a buzz killer. lol D.A. on steroids. Go home !!!

      Sep 26, 2021 26:52 PM

      Debt Ceiling… lol………… $28 TRILLION… with an open canopy……
      Full Rape of the Nation.. by the MICC…

        Sep 26, 2021 26:05 PM

        Whether or without a debt ceiling makes no difference whatsoever anyway.

        What’s going to be the repercussions ? That’s all that matters with pork belly spending going stratospherically totally out of control. This is where the problem is.

          Sep 26, 2021 26:08 PM

          Whether = with TYPO

          Sep 26, 2021 26:22 PM

          Ditto………makes absolutely NO DIFFERENCE……..
          Pentagon missing $90 TRILLION… to $140 TRILLION…..
          DEBT up to some one’s eye balls…. and nobody counting ..via FASBE 56… which no accounting and budge in the day light…. What a JOKE… sheeple asleep at the switch…

            Sep 26, 2021 26:24 PM

            oops … forgot got the “t” in budget…. but, the morons still misplaced “t”rillions… small error… lol… what a world … 🙂

            Sep 26, 2021 26:29 PM

            👍👍Absolutely !!!

            And when the bubble pops……. It’s going to be a big depopulation event.

    Sep 26, 2021 26:13 PM

    New Gary Savage today which is an interesting listen IMO.

      Sep 26, 2021 26:56 PM

      Gary done thrown in the towel…. Side lined by the miss calls from what I here…
      I do like Gary, he should have stuck around here for some great thoughts , should have
      contributed more, he would have gotten more attention…..
      Should have had more tough skin… I am surprised , him being a mountain climber…
      Maybe, he does not go over a 1000 ft. with out an air mattress….

      Sep 26, 2021 26:00 PM

      Thx Chris, I’ll check it out in the next several days when I get a chance. Gary can be a good listen or contrary indicator. lol

        Sep 26, 2021 26:25 PM

        Gary done put himself on the sideline… lol…

          Sep 26, 2021 26:32 PM

          Just make sure all your trades are on paper with Gary.

          Paper trading, test the waters before you jump in.

            Sep 26, 2021 26:36 PM

            forget the paper…. better have the phyz….. Return of Capital… more import at this moment… jmo….

            Sep 26, 2021 26:42 PM

            Paper trading on a note pad. Make entries and watch. Misunderstanding there

            Sep 26, 2021 26:47 PM

            Oh,… ok, I think I know what you were trying to say… 🙂
            Trade with your imagination….. see if, your hunch makes a profit…. then follow your next hunch…. lol

            Sep 26, 2021 26:22 PM

            Basically, you would record all the trades that are recommended on a notepad or whatever and then you would just keep track of it and then you would know over a certain period of time if you’re going to start losing money with a subscription. Test the water before you jump in. Keep score on paper. Not in a short period of time but I over probably at least 6 months.

            Sep 26, 2021 26:40 PM

            Ha,…. I did that about 7 years ago, and I thought , I just better stay in Phyz… lol.. 🙂

            Sep 26, 2021 26:46 PM

            That’s why I was saying on this blog gold shares have been a big time loser over the long stretch. Physical has outperformed there’s no comparison. Stinkin mining companies lol

            Hopefully though, if it all comes together by the end of the year we’ll have a nice launching pad for the gold shares and even physical for a big moonshot. 🤞

            Sep 26, 2021 26:55 PM

            “Hopefully.”…. either way…. Long term…. GOIN UP….

            Sep 26, 2021 26:03 PM

            It must and it will. No doubt in my mind. The fireworks start next year. If, the setup and the launching pad is favorable. 🚀🚀🚀⬆️

      Sep 26, 2021 26:28 PM

      Gary makes money no matter what. Gold newsletter is a lucrative business.

    Sep 26, 2021 26:47 PM

    Hg, when the stock market went over Niagara in 1929, at least The US had a President who was a superb organizer and a man of business, and The US was a creditor nation. Now they have Joe Blow who understands what he is told, and that is the general condition of the economy is satisfactory and sound, and that God must be assisting The Democratic Administration. LOL! DT

      Sep 26, 2021 26:50 PM

      Hg should be HG!

        Sep 26, 2021 26:19 PM

        👍👍x10 DT, absolutely, we had a trade surplus we were a creditor nation right up to the 1970s I believe I have to go back and look however things are much much different today. The worst part about all this too, is we have high densely populated areas with mega cities. In the great depression that perilous situation did not exist. Population centers were very small and everyone lived among farms and there was plenty of food available. This economic accident that’s waiting to happen will cause a great deal of pain and human suffering and loss of life. We’ve gone past the Rubicon more than likely. With our treasonous politicians that are prevalent everywhere, we’ll, we are all standing on the edge of a cliff lol. Seriously though, it’s pretty much etched in stone. That’s the ugly Truth.

      Sep 26, 2021 26:20 PM

      He’s doing a fine job of being President ‘Not Trump’ which is why he was elected.

        Sep 26, 2021 26:34 PM

        Fiscally there’s no responsibility whatsoever and neither was Trump. Biden is an illegitimate president he never won the election. Election fraud everywhere.

        There’s corruption in all the public offices. Treasonous crimes that are committed by many politicians and nothing is being done.

        The debt is completely unsustainable and all these gargantuan bubbles that are historically completely out of control. The consequences are going to be dire and it’s going to be a catastrophic event beyond anyone’s wildest imaginations.

          Sep 26, 2021 26:44 PM

          Double DItto…… on that one…. Biden is asleep at the switch…. anyone that has follow Ukraine… knows he and his son enriched themselves…
          As far as Trumpster…. man the guy was a total let down.. got played, …
          Fasbe 56 was on his watch, what else can I say….

            Sep 26, 2021 26:50 PM

            We have had no leadership in this nation for a very very long time. Just going to get worse and worse and very unlikely it’s ever going to turn around. Odds are very very low.

            The great great grandfather of all collapses is coming. Unstoppable

            Sep 26, 2021 26:56 PM

            Ditto…… on the lack of leadership…. a big ZERO….

            Sep 26, 2021 26:09 PM

            Now they’re all criminals. Should be prosecuted and sentenced

    Sep 26, 2021 26:17 PM

    Dollar: No surprise at the open (now 93.2508).

    Sep 26, 2021 26:27 PM

    How many Americans actually hold stock on margin in the fall of 2021, google and apple know, but they are the computing giants. I would put the figure at close to 8 million, maybe 10 million. There are no more branch offices of Wall Street, every one who ones a phone has a branch office. Here a debt, there a debt, everywhere a debt, debt! America looks forward to being set free from a job so they can toil endlessly staring at their phones.

      Sep 26, 2021 26:35 PM

      By the way, have you seen the latest selfie of my I-phone.

        Sep 26, 2021 26:46 PM

        Just another gadget I guess to throw your money away on. Turns into junk.

        And they’re still making payments on it for years. lol

    Sep 26, 2021 26:36 PM

    Ha Ha ,Here a debt, there a debt, everywhere a debt, debt!

    Chickens are coming home to roost !!! bock …bock …..🐓🐓🐓🐓🐓bock bock bock bock

      Sep 26, 2021 26:42 PM


      Remember when you I Sumter me way back then? When I said the miners would go much lower. You made insulting remarks towards me something along the lines of “ I don’t have any brains” ect when you spoke to Matthew.

      I hope you have learned to listen to all investors advice and not personally insult others! I just needed to get that off my chest lol.

      Hope you learned a lesson or two. My point is make your own decision and get all the info needed you and many others before you insult wise comments or at least everyone’s comments about market direction.


        Sep 26, 2021 26:43 PM

        Sumter= Insulted

        Sep 26, 2021 26:49 PM

        Personally I really wish the double bottom is not broken for all are sakes! But my comments the other day regarding the liquidity below that double bottom was bang on. In fact I mentioned the shares have been shorted to oblivion “‘please go back “ and read what I wrote. Well lord and behold, Gary savage pretty much probably read what I stated because his video few days later was a copy right Infringment of what I stated using “ oblivion” and liquidity and undercut below double bottom felt like someone just took my lines lol..

        I tell you this is a small world…

        By the way I have no beef with Gary I like his cycle work and think some are over critical of him. At least he puts himself out there.


          Sep 26, 2021 26:56 PM

          I bet Gary watches in , just like zerohedge watches for wisdom from the elders here… 🙂

            Sep 26, 2021 26:08 PM

            Jajaj yes sir Jerry! I bet you are 100 por ciento correcto!

            The elders as yourself with all the respect in the world, have lived and know plenty for the most part.. You have been a leader in that regard. I’m very appreciative of your thoughts and knowledge.

            The other day I’m regards to the host and what I spoke of may have got out of context. Let me rephrase what I meant to say regarding the host/70’s and today.

            First I though ex and Cory did a fabulous job asking the questions in fact I think ex is getting much better IMO with all respect. He is to the point and definitely not shh to ask those deep questions sometimes others may not want to ask. I like!

            My point was that the host made a reference and what I got from it was that back in the days I’m the 70’s I flatiron was ramping up and today we have Infaltion at another level which I felt what he was saying is gold is going to take off very very soon to much higher grounds because we are kind of in the same scenario but On another level. That’s all I meant to say.

            I’m regards to being the absolute same economy as in the 70’s hell know. I think those were better times and today we are in a world of hurt!

            I hope this clarifies what I meant 🙂

            Gold is going to take off very very soon and the dollar is going south. And if rates do rise at some point, just like the 70’s I expect gold to rise with it, it won’t be the opposite of what most think.

            Sep 27, 2021 27:00 AM

            Thanks for that feedback Glenfidish. Much appreciated.

            Sep 27, 2021 27:32 AM

            Thanks for the Kind words…..GLEN…….. appreciate as always…..

        Sep 26, 2021 26:51 PM

        I continue to maintain the bottom comes in October possibly November like some said but some miners will have already hit there lows and side trend. The 200/ 50 day moving averages in many miners are starting to go sideways. This is telling.


    Sep 26, 2021 26:26 PM

    Ha Ha I just got done listening to Gary Savage for a few minutes he sounds very very confused about everything extremely negative. He said that there’s hundreds of people out there claiming golds going to the moon any day I can’t find them where are they. He says all they want is subscribers and it’s difficult to make money in this environment looking at the chart and that gold is going to the moon any day by everyone else. Blaming everyone I don’t know who he’s talking about. I was discussing a moonshot next year though, not now.

    Gary is a contrary indicator also mentioned the elections next year they’re only midterm elections that’s not a presidential election that’s not going to hurt anything. Gary claims that’s really negative for the market and gold is a very difficult market to trade. All very true however I see next year as a big lift off.

    Gold has a lot to worry about according to Gary however the fundamentals are screaming for the longer term. Fundamentals don’t kick in right away. See what happens.

    We need a couple more months of this negative pessimism especially by gold people that have been in the business like Gary. I realize we have a bunch of traders on here that want gold to lift off now however I beg to differ. That’s not going to set the stage for spectacular rally next year that’s a dumb wish. I mean, do you want to make a lot of money or don’t you. I guess mostly everyone likes scalping profits it’s like dirt under a doormat comparatively. That’s your wish list for gold to lift off now. You’re cutting off your own nose to spite your own face.

    Sep 26, 2021 26:34 PM

    By the way, Gary did not say the fundamentals are screaming for the longer term that’s me HH.

      Sep 27, 2021 27:49 AM

      Is HH Howard Hughes! I will listen to him all day!

        Sep 27, 2021 27:52 AM

        ALLLL ABOARD (not) 2 SOB’s spruce goose and gold

        Can we get lift off please for the millionth time.

        Is there anyone here today !