Erik Wetterling – New Discoveries; Discussing Different Stages of Discoveries and Investing Strategies
Erik Wetterling, Founder of The Hedgeless Horseman joins us for a discussion on investing in new discovery plays. This conversation came up on the back of the Bell Copper news release commenting on drill core including pictures of the core. This more than doubled the stock price.
We discuss the different stages of a discovery, from pre-discovery to follow up drill programs that continue to grow a discovery into a true asset and resource. We tie in typical stock moves that we see at each stage of the discovery and why some investors miss out on the biggest moves. On the other side of things we outline just how risky these plays are.
ARKK….MO…..inverted single leg up inverted V pattern…Target back to the original breakout?…39.41 for a bounce in a bear market…lmao!🔊🚽📡📞🤡
Larry, Tom O’Brien mentioned “SARK” today. It apparently shorts ARKK.
I don’t want GDXJ to close February 7% below the current level and I’m confident that it won’t.
https://stockcharts.com/h-sc/ui?s=GDXJ&p=M&yr=13&mn=0&dy=0&id=p77552454097&a=1107767726&r=1643923853466&cmd=print
The last 2 weeks of gold weakness has amounted to nothing more than a gap-filling exercise versus stocks after a bullish breakout.
Gold:SPY weekly:
https://stockcharts.com/h-sc/ui?s=%24GOLD%3ASPY&p=W&yr=3&mn=0&dy=0&id=p11595830062&a=1107800787
In real time, a plunging stock market is bad for silver but those who aren’t so near-sighted might have noticed that silver hasn’t even broken its 4 month old rising support based on daily closes.
https://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=1&mn=3&dy=0&id=p56337334650&a=649141163
The bounce in QQQ versus SILJ just might be over…
https://stockcharts.com/h-sc/ui?s=QQQ%3ASILJ&p=D&yr=1&mn=0&dy=0&id=p57563195208&a=1107808877
What I expected yesterday happened today:
Feb 01, 2022 01:01 PM
I won’t be surprised if gold dips back into the 1780s tomorrow.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=0&dy=0&id=p71417340419&a=1104018722
FB…big legal issues…big stealing data issues..globally….30 minute chart is in leg 2 down……not ubber bullish….lol….coiling sideways here…my guess…next gap is down….who will buy tomorrow pre-market…lmao…will this action be seen as the top in market madness per history…maybe?