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Welcome!

Markets and Metals – Fund Managers and a Technical Trader share insights on the markets and metals

Cory
October 16, 2021
Full Weekend Show

On this Weekend’s Show I feature a couple Fund Managers, Matt Geiger and Axel Merk, as well as our in-house technical trader Doc! We focus a lot on the volatility in commodities this week and the rebound in precious metals. Volatility has crept into all the markets for Q4 and looks to continue through the end of this year. 

 

Please keep the emails coming. We love hearing all your thoughts on the companies we interview on the show and what you all think of the new website. We are still making some tweaks so please let us know what else you would like to see. Our email addresses are Fleck@kereport.com and Shad@kereport.com. 

 

  • Segment 1 and 2 – Matt Geiger, Managing Partner at MJG Capital kicks off the show by sharing his thoughts on the rebound in the gold and silver stocks. We also discuss his outlook for uranium stocks and why he has been buying a phosphate company.
  • Segment 3 – Axel Merk, President and CIO of Merk Investments focuses on currencies and the future direction of the US Dollar. This ties into commodities broadly with a focus on copper, oil, and gold. Finally central banks and Fed policy are discussed as it greatly impacts where markets go in 2022.
  • Segment 4 – Richard Postma, AKA Doc wraps up the show by looking at the longer term charts for gold and GDX. He also shares some of the companies he has been buying and what his strategy is for trading this bounce in the metals stocks.

 

Exclusive Company Interviews This Week

 

 

 


 

 

Matt Geiger
Axel Merk
Doc
Discussion
74 Comments
    Oct 16, 2021 16:13 AM

    It appears the download to iTunes was incomplete. Doc is missing!

    BDC
    Oct 16, 2021 16:26 AM
    Oct 16, 2021 16:29 AM

    Thanks to all the KER contributors for another great week of daily editorials, company interviews with management, and another solid weekend show.
    .
    Also thanks to all the listeners of the podcast, and those that post and participate here on the blog, sharing insights with our community.

      Oct 16, 2021 16:45 AM

      Hi EX. Great chat with DOC , next time could You get his views on Silver….. Thanks … BTW any chance of getting the G/S live charts back on the site , i for one miss it.

        Oct 16, 2021 16:00 PM

        Sure sounds like a good plan IrishT. Next time we’ll get Doc’s thoughts on Silver.

    Oct 16, 2021 16:05 AM

    Thank you guys for the guest and more importantly thanks for always bringing on a fan favourite Doc!

    Now where to begin? Overall I found docs current, future and overall perspective of the gold market to be flat to Bearish. The good thing is that his nibbling has become quite more appetizing for lack of words. I think this to be a very good sign.

    On the grand scheme of things we have had many guest and investors continue to have a Bearish outlook for gold and silver moving forward. Some have timelines end of year first quarter of next year and possibly 2023 before the miners and gold turn up. This is quite alarming in the sense of timeline and more pain yet to come.

    I will begin to mention the most common names in regards to the ones who come on as guest or post quite often in regards to current price of the metals and miners status.

    These are the names from what I know have been on record most recently and stated that we have more hurt to come and the outcome for the miners does not fair well till year end or next year.

    Now if I’m wrong please feel free to speak and clarify so as to be kn record.

    Jordan -bearish
    Doc-neutral to bearish

    Gary savage-the 8 year cycle topped gold toast till end of next year

    Rambus and plunger that charts need more work which says flat until proven otherwise? Maybe someone could elaborate there latest sentiments as I do not follow

    Gold finger sounded bearish last time?

    Why the miners have been toast for so long while money printing is beyond me. It sure smells like naked shorting and banks at its best but my take is not that deflation is here because all kinds of money has been thrown by all governments due to this covid but money has gone to equities and other areas and inflation takes time and we are seeing now before our eyes. The miners will have there time very soon and go when fear becomes more. We are in the middle of it! Money will and has started flowing in and it won’t take much for these funds and banks to cover and the mms to turn the green light on.

    As Matthew mentioned the weekly could not look better from all points of views and even doc said this month looks great! The key question will be does it turn back down once again after this move or does matthews views for a longer term and meaningful move as myself and others are waiting fo finally come to fruition?

    I made a point not to long ago and went bullish after having been bearish after that august top. Took heat switched over to bullish right about the time great bear and USA hit there rock bottoms even showed some charts and look we’re they are now! This is not to say they can’t turn back down but boy they look good.

    Investors have a mental hurdle which is major with all these bounces and concern is still evident by the bearishness of many still.

    I don’t know what tomorrow brings but taking profits on some of these bounces for some is prudent while maintaining a good core of low average price for the long haul.

    If you ask me, I think the miners look extremely good and they have broken through some major resistance points as Matthew mentioned this can’t be ignored.

    Doc don’t forget to nibble iamgold

    The Côté District, located 125 kilometres southwest of Timmins and 175 kilometres north of Sudbury, Ontario, Canada, includes the Côté Gold construction project and the adjacent Gosselin exploration zone. The Project is being developed by a 70:30 joint venture between IAMGOLD, as the operator, and Sumitomo Metal Mining Co., Ltd. (“SMM”), as a 13.1 million tonnes per year open pit operation estimated to produce, on a 100% basis, an average of approximately 469,000 gold ounces at all-in sustaining costs below $800 per ounce sold annually in its first six years of operation under the extended case mine plan cited in the 2018 feasibility study (see news release dated November 1, 2018), subject to receipt of certain additional permitting. The Company effectively owns 64.75% of the Project and the Gosselin zone which is currently undergoing a resource delineation drilling program and could provide future supplemental feed to the Côté mill. The Company expects to release an initial mineral resource estimate for the Gosselin zone in the fourth quarter of 2021.

    As at June 30, 2021, detailed engineering reached approximately 82% and the Project overall was 27% complete. Procurement and expediting of major equipment contracts are progressing with the logistics contract awarded. The Project remains on track for commercial production in the second half of 2023.

    Just in time for the commodities super cycle which is suppose to be from 2021-2024

    Thanks for your comments and fair play always enjoy 😉

      Oct 16, 2021 16:24 PM

      Thanks for sharing your outlook Glenfidish, and I hope you are correct that we are have seen the low in the miners, and that we are in a more sustainable uptrend.
      .
      As you pointed out, most commentary and technical analysis shared lately has still been quite bearish with many calling for lower for longer, and for still lower levels in the metals and miners. That doesn’t soundasfun as the continued uptrend, but I’m prepared to ride either trend that develops.

      Oct 17, 2021 17:50 AM

      Nice comments, as always Glen!
      I should’ve listened more to you when you were bearish, that would have spared me a lot of pain.

      As to the “gurus” who are still bearish Id say they none of them knows what they are babbling about.
      All of them were bullish in June. Sure, they said we MIGHT see a retrace and that the markets were a bit stretched but absolutely NONE of them saw this brutal downturn coming and they all changed their tunes when we already plunged. If they truly are so great they should have seen that coming and warned about it, but they did not. They were still bullish. You, on the other hand, were not and warned us.

      And now we’re suppose to listen to them again when they are uber bearish. No thanks. I’d say they’re great contra indicators at this point.

      You always mention Docs greatness, I’d strongly disagree on that. His “we’ll just have to wait and see” approach is not what I would like to call being great.
      As to Jordan, come on. He was the most bullish of them all back in June, turned bearish AFTER the miners fell 20-30%. NOT before. What’s being great with that?

      And Gary, I mean come on. “Everyone is a moron, I’m always right!” His calls have been horrendous. And now he’s given up on gold/miners but not on silver. Yeah..
      His call now about gold being in a 8 year cycle top (in this inflationary environment) is beyond stupid. His call is the best contra indicator there is.

      Anyway, you are one of the ones I read and respect. They should have you on instead of the other “gurus”.

      Keep up the good work!

        b
        Oct 17, 2021 17:25 AM

        Nobody knows anything, forget the gurus.

        The best fellow I heard was Christian, doesnt sell subscriptions as far as I know, no way to sell them if your not saying PMs to the moon of course.

        https://stream2.kitco.com/21_10_05_Christian_liferay_v2.mp4

        Large volumes of silver trading doesn’t mean price is suppressed by banks – Jeff Christian
        Oct 05, 2021

        Christian understands the market, but I have to admit I like the gurus that tell me what I want to hear much better. 😉

          Oct 18, 2021 18:27 AM

          B

          I think it’s very unfair to say forget the gurus as some of us in here share what we can and don’t have any vested interest or newsletters.

          Glen

        Oct 17, 2021 17:53 AM

        Hi JimmyB. We have not presented Doc or Jordan as “gurus” but respect that they share their insights with our audience regularly as thought leaders in the sector.
        .
        As for having Glenfidish on the podcast, we’d be happy to do so, and Cory already invited him on, but he declined. Hope that helps clear that up.

        Oct 17, 2021 17:01 AM

        Well, JimmyB; if you would follow me more closely, I said way back in August/September of 2020 that we in all likelihood had seen the top in that gold run and that we would grind lower for weeks and months. I don’t cast myself as a guru but I also don’t cast myself as someone that shoots off their mouth without relevant information as we see in your post. And that’s the last that I’ll respond to your lack of critical thinking and knowledge skills.

          Oct 17, 2021 17:01 PM

          I’ve been following your work for a long time and my info is quite correct. Your standard phrase is something with a ”well just have to wait and see..” That approach is just ridiculous and only shows that you’re actually clueless.

          Matthew have called you out several times when your “great” calls were pure contra indicators. I’m pretty sure Matthew is correct once again.
          You have been “nibbling” all this time but still you’re bearish and see a lot more downside…? Yeah, OK..

          And calling me an idiot.. well, you’re an old guy and I usually have respect for the elderly, so I will not respond in kind. It’s beneath you to degrade people that disagree with your horrendous calls like that. Gurus don’t do that.

        Oct 18, 2021 18:25 AM

        Jimmy b

        Thanks for the kind words. I always try and learn myself from others ultimately we each make our own decision. As I mentioned I could not be more bullish today or as opposite to the many on the other side of the fence. I changed over a very short time ago.

        Best of luck

          Oct 18, 2021 18:28 AM

          Hey Glen,
          when everyone was euphoric you were the only reasonable voice in here. Unfortunately I was also caught up in that euphoric mindset and dismissed your wise warnings.

          The gurus always left 2-3 scenarios open so that they could come on back and claim they were right either way. You didn’t, you put your neck out with your call and have my and many others respect for doing so.

          If you have a sub service or another forum pls share, I’d like to follow you.
          And pls do rethink being interviewed by Cory and Ex.. 🙂

          Keep em coming!
          Cheers!

        Oct 18, 2021 18:33 AM

        Jimmy b

        Thanks for the kind words. I keep trying to learn from others ultimately we all make our own bets and decisions.

      Oct 17, 2021 17:26 AM

      Good post Glen.
      One person I know who is not bearish the PM sector is Monica Kingsley, and she’s not a perma-bull either, but a very active trader.

      A nice Sunday tweet from MK, although I’m not familiar with “beving”. 🙂

      https://twitter.com/Monica___K/status/1449734217336860676

        Oct 17, 2021 17:52 AM

        Thanks IrwinW. Yes Monica Kingsley is an interesting macro markets commentator, and I’ve only recently come across her research as she’s just started posting over at ceo.ca.

        Oct 18, 2021 18:16 AM

        Thank you Irwin 🙂

        Also thanks for the link

    Oct 16, 2021 16:59 AM

    Honestly I’m still adjusting to the new format. I was quite content with the old one.
    Appreciate all the guests and as always appreciate Matthews charts. As a suggestion,have the company names listed that the guest mentions in their interview as sometimes it’s hard to hear exactly the name being said

    As for Matts interview, was great to hear a mention of phosphates but to talk that long and glowingly about a play and not get a name for the company really sucks.

    Not enough chatter about copper in my opinion….price is making next leg up towards $5 and plays like kodiak and black wolf are set to release drill results

      Oct 16, 2021 16:08 PM

      Hey Wolfster. Yes, often we do list the company names at the bottom of the interview (like Eric Wetterling’s on Friday where I also listed both tickers for Canadian and OTC).
      .
      The weekend show verbiage takes up more space so maybe Cory felt it was wordy enough already. If there are any company names you didn’t discern then please mention which guest at what the timestamp is and I’ll try to help.
      .
      As for Matt Geigers posphate play he likely wanted to hold that back for his subscribers, but he did throw out a few other company names in his interview.

        Oct 17, 2021 17:46 AM

        I get that subscribers come first Ex obviously but I doubt they haven’t already been informed about the company. It comes across more like a teaser to get new subscribers. I’m a firm believer in “show me”…..Steve Penny and Justin Huhn are much more open with what they’re doing after sharing with their subscribers. I respect that..They let their track record speak for themselves and don’t try to tease you.

        Thanks Terry. I found it just as frustrating trying to find info regarding good phosphate plays let alone the specific one that was teased.

          Oct 17, 2021 17:54 AM

          To each their own Wolfster. We have some newsletter writers on that don’t share any of their companies directly to protect their subscribers, like Jordan or Dave Erfle for example, some that only share after a considerable time has gone by like Brian Leni or Brien Lundin, and some that only duscuss a few they’ve discussed publicly already like Joe Mazumdar, Sean Brodrick, or Matt Geiger.
          .
          We had Matt on because he is has a great grasp on a number of commodity sectors and didn’t get the impression at all that he was just pumping or teasing his fund. He came on to discuss different sectors he felt were moving and mentioned Global Atomic for Uranium (since he had discussed it publicly before) and mentioned his their position in Altius Minerals for exposure to pothash. In the past he shared other stocks in prior interviews like Golden Valley and Western Areas ( both of which are now being acquired).
          .
          He discussed having high quality Silver names in this interview, and explained his rationale, but didn’t specifically name any companies, and the observation on agricultural minerals was the same.
          .
          I’m grateful that Matt came on the show to spend and invest time with the KE Report, and share his insights on different sectors.

            Oct 17, 2021 17:02 AM

            And maybe I’m a cantankerous old man who’s really just bitter and can’t handle change…😜….it’s all good…

            Oct 17, 2021 17:20 AM

            Haha! You know I appreciate your feedback Wolfster, and value your insights as a solid contributor on the KER. Secretly I think you liked the Matt Geiger segment too! 😉
            .
            As for the changes to the website, we predicted in advance that many long-time posters wouldn’t immediately like the new layout, because most humans resist change. We got a lot of comments from economic macro guests and company IR reps and executives about how dated the site looked (and rightly so), but more importantly they weren’t aware of all the markets we followed (Gold & Silver yes, but also Base Metals, Energy (Oil, NatGas, Uranium, Lithium, Clean…), General Markets, Bonds, Currencies, Cryptocurrencies, etc…
            .
            We have expanded the recent post section at the top for the newest posts, but also have the sector specific drop down menus for investors to jump to topics more aligned with their interests, as well as several sections partitioned under the recent post area that are more filtered.
            .
            There are also drop down menus under the “Company Interview” tab to go to talks on Explorers, Developers/Producers, Royalty Companies, etc…
            .
            They are laid out more visibly for computer users, but for smart phone users they are available in the upper right hand menu, and each section can be further expanded by clicking on a tab heading.
            .
            In addition, if readers scan down lower there are new streaming quotes for the metals, dollar, oil, and general market indexes. There is also a mining news feed linked to Junior Mining Network showing the mining news each day. We also added a new section streaming the “Market Movers” each day as the stocks with biggest volume or percentage moves. We’ve had plenty of critiques, which we welcome, but not one person has commented or said thanks for all the new streaming content we are providing further down the page.
            .
            Yes, the website is admittedly different, but gives readers and listeners more choices, and the ability to customize their experience by filtering for the areas they are most interested in.

      Oct 17, 2021 17:11 AM

      Wolfster, it was annoying not getting the name of that phosphate company. I spent the weekend off and on, running down companies in that sector. It seems the Moroccan government has that area tied up but there are a handful of outfits in Canada and Australia that could fit the bill.

    Oct 16, 2021 16:17 PM

    Thanks for the Axel Merk interview. He has good knowledge of the relationship of currencies, interest rates, Fed Activity as applies to gold. He is gold positive and Fed negative. Great questions and answers again to keep everything probative.

      Oct 16, 2021 16:12 PM

      Thanks for that feedback David. Yes, agreed – Axel is a very sharp guy and has a solid handle on the macroeconomic forces acting on the general markets, bonds, currencies, and precious metals.
      .
      It’s always great to get Axel’s take on the markets.

    cmc
    Oct 16, 2021 16:40 PM

    “All the recessions since the 1980s have been predicted by at least 10 and sometimes many more point drops in these [consumer sentiment] indices.”

    Over the past six months, there are “clear downward movements in consumer expectations” that “would suggest the economy in the United States is entering recession now (Autumn 2021)—even though employment and wage growth figures suggest otherwise.”

    https://cpb-us-e1.wpmucdn.com/sites.dartmouth.edu/dist/5/2216/files/2021/10/us-fear-oct-8-final-nber.pdf

    Oct 16, 2021 16:55 PM

    Just wondering if Richard Postma has a website/ newsletter or even some contact details. I think his been one of the most accurate of all the people you have had on the show.

      Oct 17, 2021 17:13 AM

      No Doc Postma is just a private investor, without a personal service, and we are grateful to have him sharing his insights on the KE Report. Ever Upward!

      Oct 17, 2021 17:12 AM

      Harry, thank you for your kind comments—my track record speaks for itself. You have my permission to have either Cory/excelsior give out my personal email to you so you can contact me. Others have been given that permission (except for trolls) and I’ll be happy to be in communication with you. I have considered the newsletter business but it would take up time I would find more valuable to give to organizations serving the needs of others. Also, I’ve been blessed financially and don’t need extra income—

        Oct 17, 2021 17:55 AM

        Thanks Doc for all you contribute here with the KER crew. You’re a scholar and a gentleman. 🧐😎

    Oct 16, 2021 16:46 PM

    Ex, this sounds too good to be true. Reemf with rights offering spend .25 for an additional share for each you own. what do think, back up the truck??
    Mind you it’s time for rare earths to have another of their bounces. Been a while

    https://finance.yahoo.com/news/rare-element-resources-announces-intent-201100822.html

      Oct 16, 2021 16:18 PM

      Hi Jonsyl. I haven’t been following along with REEMF very closely, and haven’t ever owned it, but it sounds like they are giving existing shareholders the opportunity to beef up their positions at good price, for those so inclined.
      .
      My only 2 plays on the Rare Earths space at this moment is through Ucore Rare Metals and Energy Fuels (via their ability to process REEs at their White Mesa mill).

        Oct 17, 2021 17:33 AM

        suffering with Ucore, don’t want to do the same with REEMF as it’s been good to me. Find their offering a bit peculiar, basically giving away their stock. Don’t understand the logic of the dilution

          Oct 17, 2021 17:00 AM

          Yeah, it’s been a long slog with Ucore, but I specifically like their focus on the downstream processing of rare earths, which is a different take than only being a mining company.
          .
          If I was to pick up another Rare Earths miner it would be buying back either Commerce Resources or Leading Edge Materials, more so than REEMF. Good luck with the rights offering though.

            Oct 17, 2021 17:53 AM

            Thanks Ex. Will look at those. They all seem to have a major bounce followed by extensive down periods.
            Back to reemf, what’s your thought or anyone else on their apparent give away rights offering.

    Oct 17, 2021 17:09 AM

    DOC said that October looks good, but November might be critical

    How good are the chances for a tax loss season with real bargain prices?

    Maybe the real bargains in precious metals miners were already in September?

    Oct 17, 2021 17:19 AM

    On the Orogen mentioned by Brien Leni. IB profile shows Altius with 15%, Eric Sprott with 11%, Adrian Day with 7% of OGN.

    Oct 17, 2021 17:16 AM

    The commercial shorts on the COT report for the week saw a net increase—the good news is we’re another week closer to the end of this bear market cycle although it’s a ways away yet.

    Oct 17, 2021 17:44 AM

    http://www.wallstreetonparade.com
    A Must Read about “Dark Pools”, first article today (Sunday) on wallstreetonparade.
    Dark Pools unregulated and extent of trading unknown. High Frequency Trading by insiders.
    Our markets may be insignificant.

      BDC
      Oct 17, 2021 17:43 PM

      It’s possible that some volume data is increasingly less significant because of this. Though many security transactions are recorded at the DTCC, it is not required to report them as far as I know.

    Oct 17, 2021 17:47 AM

    I had to go back to Lakedweller2 as my old email got hacked and myctemplar blocked creating a password for Korelin. Using my wife’s email and was initially blocked using “David” as it wouldn’t accept an email change.
    But, that is OK. Just more letters to type.

    Oct 17, 2021 17:57 AM

    GDX topped precisely at Schiff fork resistance on Thursday and will probably begin a small correction very soon if it didn’t begin on Friday. While it is tempting to envision the building of a right shoulder of a H&S bottom, I have a feeling it will go a bit higher before taking a break. So much went right last week that Monday might see a lot more buying pressure than selling pressure.
    https://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=1&mn=3&dy=0&id=p68576626234&a=994699017

      Oct 17, 2021 17:30 PM

      Hi Matthew-count back 9 from and including the top bar of the day gdx chart …A classic Tom Demark 9 count, if ever there was one…lmao….TD9…It is just a momentum signal and that has now been confirmed…Better than vague calls and stuff like….. It will be down then up from the bottom which will be early next year….false bragging like I called the top and the bottom…fake… total fake phony hypocrite stuff….I will begin posting some charts next week….Your method works and is valid making you are a true technician plus an honest person…..Each and every key signal you get I also get using a totally different approach….It is all based on golden geometry and expansion contraction theory………thanks for being on site…….Glta

    Oct 17, 2021 17:01 PM

    The bears did successfully defend gold’s broken uptrend line but the action in miners while they did so suggests that their efforts will soon fail.
    https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=3&mn=3&dy=0&id=p59566785480&a=962059208

    Oct 17, 2021 17:07 PM

    SILJ:GDX finished the week over 8% off its intraweek low and I believe it has bottomed. If so, the whole sector has bottomed (which I also believe independent of SILJ:GDX ).
    https://stockcharts.com/h-sc/ui?s=SILJ%3AGDX&p=W&yr=3&mn=11&dy=0&id=p50448653898&a=1001430508

    Oct 17, 2021 17:14 PM

    The hit gold took on Friday probably helped its very short term outlook as it strengthened the always necessary “wall of worry” without doing any material technical damage.
    https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=8&dy=0&id=p96251983860&a=1043235982

    Oct 17, 2021 17:22 PM

    For the first time since mid June, silver has back-to-back daily closes above its 50 day MA. The miners generally now have 3 in a row.
    https://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&b=5&g=0&id=p61497688891

    Oct 17, 2021 17:36 PM

    Test ing

    Oct 17, 2021 17:40 PM

    No problem. Looks like both accounts working. Good talking to you, self

    Oct 17, 2021 17:46 PM

    It is a bullish show of strength that so many miners finished the week with three closes above their daily Bollinger bands but that feat is also statistically bearish in the immediate term since more than three in a row is quite uncommon. It was just before the covid crash that IPT along with GDXJ and the XAU Index last delivered more than 3 in a row (they hit 5 in a row). None of the other ETFs or indices managed the same. In February 2016, IPT began its run with 5 in a row while none of the ETFs or indices had what it took. It also did it under its US listing, ISVLF.
    While the bears were extra confident recently, I pointed out that the breach of the August lows came with plenty of bullish strength divergences from price and that IPT did not come close to making a new low at all. Notice the higher low and higher high since August. That’s an uptrend…
    https://stockcharts.com/h-sc/ui?s=IPT.V&p=D&b=5&g=0&id=p23391572202

    Oct 17, 2021 17:48 PM

    Interesting. On my phone I can only post as David. From my computer I can only be lakedweller 2. In real life I feel like both.

    Oct 17, 2021 17:21 PM

    Gold is up in Asia early and as mentioned October should hold its’ own. In fact, we may see gold move up again this week to challenge that $1800.00 level again. Gold will close the month of October higher then the close in September. November will be a pivotal month for gold. It has to regain a close above its’ 20 month moving average of the monthly BBs to give the bulls hope for a move significantlly higher before the end of the year.

    Oct 18, 2021 18:46 AM

    (KRR) (KRRGF) Karora Resources: Another Record Quarter In Q3
    Oct. 17, 2021 – T.D. – Seeking Alpha
    .
    -Karora Resources released its preliminary Q3 results last week, reporting record gold production of ~30,400 ounces, a 23% increase year-over-year.
    -This has set Karora up for an easy beat on its production guidance mid-point, and the possibility to come in above the top end of guidance, assuming similar Q4 output.
    -Meanwhile, exploration results continue to be quite promising, with high-grade nickel discoveries opening up the potential to drive costs lower through by-product credits.
    .
    https://seekingalpha.com/article/4460272-karora-resources-stock-record-q3

      Oct 18, 2021 18:00 AM

      I picked up an initial position in Karora in early September, but wanted to add more and it has already shot higher. For now I’m just holding that initial stake in KRR, but will be watching for any weakness in the weeks/months ahead to add a second and third tranche.

    BDC
    Oct 18, 2021 18:48 AM
    BDC
    Oct 18, 2021 18:50 AM

    Nothing much on the calendar today:
    https://www.dailyfx.com/economic-calendar

    Oct 18, 2021 18:23 AM

    RICHARD/DOC
    19 hours ago
    Gold is up in Asia early and as mentioned October should hold its’ own. In fact, we may see gold move up again this week to challenge that $1800.00 level again. Gold will close the month of October higher then the close in September. November will be a pivotal month for gold. It has to regain a close above its’ 20 month moving average of the monthly BBs to give the bulls hope for a move significantlly higher before the end of the year.

    Doc

    I would really like to see in this month gold put a monthly high around $1840-$1860 and close at that pivotal $1830-$1835 area. I think then we would have that pullback you speak off in November but turn around and close that candle higher.

    Let’s see how this plays out. I think we have more then a fair shot at going higher but I’m currently on the sidelines and my bets have been made already.

    Oct 18, 2021 18:34 AM

    Structurally this miners index move should not be over…Unless the general markets experience a serious downdraft and re-tests their lower consolidation ranges(likely)…I am out of this using my method…That does not mean anything to anyone else……GDX has had a strong momentum move up but rarely do they end on C legs…But when C- fails it means a left translation of the trading cycle and this is not bullish….Sellers took over and capped the natural run….

    https://tos.mx/eP4tufz

    Oct 18, 2021 18:11 AM

    Checking to see what name I use today.

    David

    Oct 18, 2021 18:42 AM

    IPT broke out of two forks in the last few sessions but it’s the taking back of a speed line that might really send it higher sooner rather than later…
    https://stockcharts.com/h-sc/ui?s=IPT.V&p=D&b=5&g=0&id=p99364931730&a=1045124498

    BDC
    Oct 18, 2021 18:54 AM

    Michael Boutros (Oil, Gold and Silver 27:30):
    https://www.youtube.com/watch?v=npg899Lveh0
    Price-only technical analyst, but must mention inflation!

    BDC
    Oct 18, 2021 18:54 PM

    PM Price Quality: https://tinyurl.com/2vc9pznu
    Possible turn. Test likely by Wednesday.

      BDC
      Oct 19, 2021 19:22 AM

      Original recovered from “Lost & Found”?
      New KER website getting better and better!