Weekend Show – Wrapping Up Q1 For US Markets, Commodities, Gold and Gold Stocks
Welcome to the first Weekend Show of Q2! What a wild ride the first quarter of the year was for financial markets.
On this Weekend’s Show we recap the high volatility from Q1 and look ahead to the sectors that will preform well. As long as there isn’t a complete market crash, which we discuss as well.
Please keep in touch with us through email. We love hearing for you all with questions, comments and by sharing the stocks you all like. Our email addresses are Fleck@kerport.com and Shad@kereport.com
- Segment 1 and 2 – Adrian Day, President of Adrian Day Asset Management as well as manages the Euro Pacific Gold Fund kicks off the show with a focus on the performance of gold in Q1. We also chat gold stocks and investor’s continued focus on the largest companies while all the rest are being ignored. Click here to learn more about Adrian Day Asset management.
- Segment 3 – Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website is up next with some pretty negative comments on the US markets. While still close to all time highs there are a number of factors that have Joel the most negative we’ve heard him in years. Click here to visit the PreMarket Prep website.
- Segment 4 – Dana Lyons, Fund Manager and Editor at the Lyons Share website wraps up the show by sharing the sectors he is long and short. We discuss tech, growth vs tech, utilities, gold and agricultural stocks. Click here to visit the Lyons Share website.
Exclusive Company Interviews This Week
- New Age Metals – Exploration And Development Updates At All 3 Company Projects
- Calibre Mining – Overview Of The 2022 Exploration Strategy At Their 4 Nicaragua Projects And 2 Nevada Projects
- Reyna Gold – A Company Introduction To This Cashed Up Gold Explorer In Sonora Mexico
- FPX Nickel – Announcing A New Subsidiary Company, CO2 Lock Corp, Focused On Carbon Capture and Storage
- Vizsla Silver – Recapping The Over 100 Million Oz AgEq Initial Resource and Growth Plans For This Year
- Skeena Resources – Recapping The Acquisition of QuestEx Gold & Copper Ltd. and Concurrent Sale of QuestEx Assets to Newmont
- LithiumBank – Introducing A Private Development Lithium Company With A Large Resource Soon To Be Public
- Kenorland Minerals – More High-Grade Drill Results At The Regnault Discovery Yielding 117g/t Gold Over 1.77Meters And An Overview Of Upcoming Drilling
I can’t imagine what will happen to The Price Of Gold if The World goes back to honest money, that means backing their currencies with some form of precious metal, which would probably be mostly Gold. Canada sold all their gold reserves about ten years ago, as did England when Gordon Brown was their Finance Minister. As far as The US is concerned Fort Knox hasn’t been audited since “The Day The Earth Stood Still”, 1951, around 70 years ago. Germany has some Gold that they have been trying to repatriate from a Federal Reserve vault in New York. I’m sure it’s all there. Then there are all the other countries in The European Block that have been following Washington’s lead.
Say no more, a wink is as good as a nudge! LOL! DT
“A Paradigm Shift Western Media Hasn’t Grasped Yet” – Russian Ruble Relaunched, Linked To Gold & Commodities
By Ronan Manly of Bullionstar.com – April 3, 2022
“With Russia’s central bank having just profoundly altered the international trade and monetary system by linking the Russian ruble to both gold and commodities, journalists in Moscow asked me to write a Q and A article on what these developments mean, and the ramifications of these changes on the Russian ruble, the US dollar, the gold price and the global system of currencies. This article has been published on the RT.com website here.”
“By offering to buy gold from Russian banks at a fixed price of 5000 rubles per gram, the Bank of Russia has both linked the ruble to gold and, since gold trades in US dollars, set a floor price for the ruble in terms of the US dollar.”
Folks, I wouldn’t get too excited about this – based on an exchange rate of 1.00 US Dollar = 85.566529 Russian Rubles we are looking at US $1,656.58 per ounce – good deal for them if they could make the transaction and live to tell about it —-
It just seemed like significant news for the Russian central bank to link their Rubles to Gold and Commodities in such a public way.
If more countries were to follow suit, backing some or all their currencies with gold, then it would be a good reminder to many that gold is not just a pet rock, and is a unique store of value and, in fact, is money itself.
Dollar Index : April : Consolidation : (Trading Range Maintained)
My neighbor is a Banker but he is always messing around with his garbage cans, in his next life he will probably be a dumpster diver. LOL! DT
I would think dumpsters could be wired for lights and streaming.
Yep. Here ya go… This dumpster also comes with a working grill.
Because of its greatest strength – inflexibility – Gold is not an adequate basis for the money supply. However, as a ‘governor’ to “keep them honest” it is beyond compare. The Bretton Woods System has proven this.
Bretton Woods was a Gold reserve system, where Gold did not restrict the necessary expansion and contraction of the money supply but instead insured its reliability: this through the acquiescence of its powerful adherents.
As steward, the United States increasingly abused its fiduciary responsibility to the point that, in the late 1960s, French president Charles de Gaulle and his financial advisor Jacques Rueff began stiff resistance. On 15 August 1971 the Bretton Woods System ended, as did honest money.
Could a Gold backed ruble act as ‘governor’ again?
Russian Ruble: https://postimg.cc/9RhpGdTd
I think with the current world-wide banking options and the level of corruption in pretty much all of them, it would be difficult to find a country that is willing to adopt a system containing the concept of “fiduciary responsibility”. It requires a sense of ethics and morality that no longer exists within those selected to be leaders in most every society. Russia would have serious limitations going into a leadership position.
Thanks to all the KER guest contributors for another great week of daily editorials, company interviews with management, and another solid weekend show with Adrian, Joel & Dana.
Also thanks to all the listeners of the podcast and radio show, and those members of the KER crew that post and participate here on the blog, sharing insights with our community. Ever Upward!
Thanks to you and Cory for another great weak of quality , quantity and variety. It is very much appreciated.
That feedback is much appreciated Lakedweller2. Cheers!
Do not forget the ORPHAN SECTION………………. lol…………. 🙂
We are on our third day……..of 13…… which we are covering the
MYTH of DEMOCRACY………… from the book……….. BEYOND DEMOCRACY.
(some have no illusion of democracy, others are just lost balls in high weeds… lol )
4th day NOW…………
‘Why Are You Taking Market Risk?’
Jesse Felder – The Felder Report – (04/02/22)
Gold Posts Its Best Quarterly Gain Since June 2020
David Erfle – Friday April 1st, 2022
“With U.S. and European stocks posting their weakest quarter since the pandemic crash of 2020, Gold Futures gained 6.6% during a tumultuous Q1. The safe-haven metal traded within a $300 range and closed Q1 above $1950, which is an all-time quarterly closing high. The last time Comex Gold Futures gained more for a quarter was in Q2 2020 when the metal rose 14%.”
How I Value Gold And Silver Mining Stocks
Don Durrett – Apr. 02, 2022
“A 10-Step process of valuing gold and silver mining stocks.”
Spend Sunday morning looking at the few stocks I own and see how they match the criteria here. I suspect one or two of them will be shown the window.
It’s a pretty good list of criteria from Don D. to consider.
My oil and gas pipeline stocks are moving up slowly . looking at new oil stocks waiting for an entry point . Dont worry about russian nickel we can produce more nickel from canada . looking at Putin he is caca and his friend Trump is also CACA any one who supports MTG or Josh hawley is supporting war criminal Putin and his friends . victory to ukraine .
Russell, are you skipping your meds again?
Matt you have failed to say if you support trump or putin do you ???
There’s plenty to criticize about Trump but even more to criticize about Biden and crew. That fact clearly eludes you.
Russel trump at least us energy independent and on our way to energy dominance.
Biden killing our energy and pushing us away because of climate change. At least keep our dominance and phase into wind, solar and electric vehicles. Look at Europe and especially Germany they were doing clean energy for years and when it couldn’t keep up with demand they relied on more and more russian energy. Now their puking and we’re begging russian, Iran, OPEC to pump more. These countries are pumping more dirtier oil than usa and creating lot more carbon than ever, and they can do same as russia and blackmail the world.
Biden got to be brain dead to beg our enemies for oil and natural gas when we were doing fine with trump policies, why would you cancel our pipeline and give russia ok to build another one into Germany , crazy. Better learn and turn this energy policy around or usa will regret this biden energy blunder in the future.
I am not sure but I think the US can’t get oil independent under most any scenario. Even when we claimed to be, we were still getting oil from Venezuela and running it through Citgo stations.
I think we have a long way to go in converting to oil independence. But then again, we have a long way to go until Adults are in charge.
russell – thank you.
And yes – victory to Ukraine! May God protect those folks because to our everlasting shame the US ain’t gonna do much.
Such faith in officialdom is dangerous beyond your understanding.
You have no idea about my ability to understand anything. You may understand charts but I question you humanity.
That’s harsh Mike. Are you relying too much on MSM?
Terry, all lefties are harsh no matter their intentions. THEY believe in coercion, not cooperation. THEY believe in theft. In short, THEY believe in violence. History is clear on those “shocking” claims. Our natural rights are completely incompatible with their agendas.
Mike, your ignorance is as appalling as blazesb’s. Your good intentions only add insult to injury.
SILJ:GLD has finished its 9th straight week higher for the first time since 2016 and looks like it will finish next week higher.
That’s a big weekly bull hammer:
EV affordability confronted by rising component costs. It’s not just the rising costs of components but also the ability of being able to produce the massive amounts of raw materials needed to make this happen, the discovery and then the building of mines to accomplish this is going to have a detrimental effect on the environment. We do not have huge deposits of base and critical metals at our disposal, now or possibly in the future. DT
And, in any given neighborhood, if up to 5 or 6 people with electric vehicles try to charge them at the same time, it can overload the grid.
Sounds like generators run off of petroleum products to charge EV vehicles will be the answer to not over loading the electric grid … 🙂
Interesting thread guys… Yes, it is interesting how many “greener & cleaner” EV charging stations are sourcing their electricity from “dirty” coal & oil/nat gas power generation. Some EV drivers seem to be oblivious to the fact that the electricity they use to charge their batteries is still coming from fossil fuels and all their virtue signaling isn’t reducing their carbon footprint, but when combined with the lifecycle of their battery (which is it’s own issue eventually), they sometimes have a higher one than if just used an internal combustion engine. Solar and Wind are still such a tiny part of the energy sector, so if they want carbon neutral energy sources, free of fossil fuels, then a larger utilization of nuclear energy (especially through the newer small modular reactor technology) is something that should continue to be explored.
Uranium Market Minute – Episode 98: Institutional Flows Have Only Just Begun
Justin Huhn – Uranium Insider – Mar 25, 2022
Carmakers Will “Need To Become Miners” – Benchmark
Frik Els – mining.com – April 1, 2022
“Benchmark Mineral Intelligence’s inaugural Battery Megafactories Europe 2022 event in Berlin concluded with a stark warning to automakers.”
“Even in the most optimistic scenarios where every single raw material project in the pipeline comes on stream and existing operations expand aggressively, there will not be enough raw material for the battery supply chain as we go into 2030; Lack of supply is not due to any geological constraints, but a simple lack of capital investment to build the mines of tomorrow.”
Miners Need To Invest Over $100 Billion To Meet Copper Demand
Cecilia Jamasmie – March 31, 2022
“The global copper industry needs to spend more than $100 billion to build mines able to close what could be an annual supply deficit of 4.7 million tonnes by 2030,” Erik Heimlich, head of base metals supply at CRU said this week.
Speaking at the 2022 CRU World Copper Conference held in Santiago, Chile, the analyst said “the supply gap for the next decade is estimated at six million tonnes per year, as the clean energy and electric vehicles sectors ramp up.”
Brent Cook: Tips & Tricks For Investing In Junior Mining
Soar Financial w/ Kai Hoffman – Mar 31, 2022
“We travelled to the 121 Mining in Las Vegas and caught up with the leading minds of the mining industry. In this special, we are catching up with Brent Cook, Geologist and Advisor to Exploration Insights.”
Vince Lanci – The Currency Reset: The Changing World Order | What’s Really At Stake
I Love Prosperity w/ Jake Ducey – March 31st, 2022
“In this video, we discuss the changes in the world, the currency reset, what is coming next, how the future will look, hyperinflation, currency devaluation, how to prepare, and what is on the horizon. We talk briefly about gold, silver, bitcoin, commodities, and try to make sense of what’s happening.”
Sanctions Spur a Massive Decline in Western Hegemony as the World De-Dollarizes
April 1, 2022 – IWB
“Matterhorn Asset Management principal, Matthew Piepenburg, sits down with Tom Bodrovics of Palisades Gold Radio to discuss the seismic shifts in the global financial system now emerging in the wake of Russian sanctions… Toward this end, Matthew argues that the hegemony of the U.S. Dollar in particular, and western financial strength/leadership in general, is now in open decline.”
Zoltan Pozsar: We Are Witnessing The Birth Of A New World Monetary Order
Credit Suisse – 03.21.2022
“In a note published earlier, Zoltan Pozsar, Global Head of Short-Term Interest Rate Strategy at Credit Suisse, wrote this crisis is not like anything we have seen since President Nixon took the U.S. dollar off gold in 1971 – the end of the era of commodity-based money. When this crisis is over, the U.S. dollar should be much weaker. He believes the global monetary system will never be the same post the crisis.”
Sorry Zoltan – not everything has changed. Sure we locked up Russia’s assets but that is the price they pay for their War on Ukraine. There are rules to the game and if you break them shit happens. Can the Rubble or Yuan or even the Euro be the default currency of the world? Folks vote with their wallet and the vast majority of the world still wants US Dollars. Zoltan the handringer can muse as he wishes but the default currency remains the same as it ever was.
The dollar has fallen about 40% versus the Ruble since peaking 3 weeks ago which puts the pair right back where they were before the conflict began. This tells us that the market’s initial response to the conflict was wrong.
Does “same as it ever was” mean one century? Because that’s how long the dollar has been the reserve currency. Historical precedent actually does provide reason for concern about the dollar’s status.
The 5 world reserve currencies that preceded the US dollar had an average of 94 years at the top (all were between 80 and 110 years) and the dollar is now at 101 years.
Good point Matthew. All previous reserve currencies had their day in the sun and then fell out of favor. The roughly 100 year lifespans just point more towards the US Dollar as the reserve currency is on life support.
We are already seeing Saudi Arabia ready to cut ties with the Petro Dollar, and sell oil to China in Yuah. Russia just sold oil to India in Rupees, and just announced they will sell Oil to other countries in Rubles, Gold, or possibly other currencies (just not the US Dollar). Then there is the proposed Project Sandman, where 100 countries have signed on for looking for an alternative outside of using the US Dollar as the reserve currency, and looking to create a new “Bretton Woods” style agreement between many nations.
People keep asking which currency will replace the greenback, but it is unlikely going to be a single currency if the globalist cabals get their wish – which would be a global digital wallet with a SDR Simple Drawing Rights basket of currencies & commodities like oil & gold. This new electronic currency would be the new global reserve, and every transaction will be tracked, taxed, and have oversight. The notion that there has to be some other single currency to replace the dollar by some, misses the mark as far as how things are evolving.
Steve Quayle – Operation Sandman & Killing The US Dollar – The Hagmann Report
By Douglas J. Hagmann – March 10, 2022
100+ nations have global agreement now being deployed called ‘Project Sandman’ to drop and end dominance of U.S. dollar and petrodollar – Miami Standard
March 18, 2022
The End of the Petrodollar? A Seismic Shift.
Mark Avis – March 16, 2022
“Having the reserve currency of the world is one of the elements that has allowed the US to hold superpower status. The benefits are almost incalculable. The foolish policy of US governments over many years have gradually undermined confidence in the US dollar, and that process is accelerating under the Biden administration.”
“The Chinese yuan reversed earlier declines following a report by Dow Jones that Saudi Arabia is in active talks with Beijing to price some of its oil sales to China in the currency. The talks with China over yuan-priced oil contracts have been off and on for six years but have accelerated this year as the Saudis have grown increasingly unhappy with decades-old U.S. security commitments to defend the kingdom, Dow Jones reported, citing people familiar with the matter. The offshore yuan erased a loss of as much as 0.3%, and traded slightly stronger at 6.39 per dollar.”
“The potential here is to end the so-called petrodollar system, in which oil exporters such as Saudi Arabia only accept US dollars in exchange for oil. Whilst some argue that the influence of the petrodollar is exaggerated, it is undoubtedly one of the pillars that support the status of the US dollar as the reserve currency of the world. Oil is the most critical commodity, and purchasers need $US to purchase it.”
The End of the Petrodollar? What Next?
The GoldSilver.com Team – March 15, 2022
“Some massive news broke in the last couple of hours in regards to the US dollar – Join Mike Maloney and Adam Taggart in today’s video update as they discuss what happened, what it means, and where we could be headed next.”
Countdown To Collapse Of The Petrodollar… America’s Dollar Dominance Is Coming To A Sudden, Catastrophic End…
by Planet Today – Friday, March 18, 2022
“Project Sandman” describes a 100+ nation agreement that, when triggered, will see those nations simultaneously dump the dollar and abandon the “petrodollar” status that has allowed the USA to enjoy 50 years of fiat currency counterfeiting and material abundance at the expense of everyone else. When this decision is triggered, the dollar and all dollar-denominated assets will plunge to near-ZERO literally overnight. This means all dollar-denominated bank accounts, bonds, pension funds, treasuries and other investment vehicles will essentially be worth zero for the simple reason that all banks and markets will freeze operations. (This is the James Rickards “Ice-9” scenario.)”
Maybe some of the above declarations are a bit too alarmist, or hyperbole, but one thing is clear – The nations of the world are looking for a way to end to the PetroDollar, and find a system that bypasses the US Dollar as the sole world reserve currency.
Again, the “solution” will likely entail a digital wallet based on a basket of currencies and commodities and possibly even cryptos, but it will not be a single currency replacement. The end-game of the globalist elites is a global currency (but it will be something along the lines of this SDR concept). Due to their Technocratic big data tendencies, it is sure to be digital, and will be presented and sold to the public as more “equitable” for all the nations of the world and to break the “unfair” US dollar dominance.
In reality, this will all just be the means to track and tax all transactions on the planet, and shut down dissenting citizens financial abilities. It is about total control over people’s ability to be autonomous and it will be death of physical fiat cash, that still allows people to operate freely and transact with others without the prying eyes of bureaucracy being inserted into every transaction.
Just something to mull over…
This war is no accident, it was planned to expose US weakness and end the rain of the dollar.
The Stealth Erosion of Dollar Dominance – March 2022 IMF white paper
Gold Stocks: Bull Candlesticks In Play
Morris Hubbartt – April 1, 2022 Super Force #PreciousMetals #Video #TechnicalAnalysis
Levels to watch for Hecla monthly chart. Will it reclaim it’s 1987 peak?
Good long-duration Hecla chart CaliJoe, showing the different overhead resistance levels for HL.
If Silver can break up above $30, and blast into the high $30s or even $40s over the next 2 years, and then make a run at it’s all time high of $49, then I could see HL making a run at it’s all time high north of $24. We just saw the largest precious metals mining company, Newmont, take out it’s 1987 high, but there is a long to way to run in many of the other senior producers to catch up and make their own moves to rerate and reflect the higher metals prices we are seeing.
Yes, HL will go to a new high above 24 in 3 years. Might even go to 50…That is my bet.
Won’t Coeur (CDE) go higher quicker?
Once the financing situation is worked out with Coeur on their proposed Rochester Expansion and the work needed to restart the Silvertip for 2023, then it very well could accelerate even quicker, but those concerns raised after the most recent quarterly operations update is what caused CDE to get monkey-hammered down more than most of it’s peers (but also, once resolved and with more certainty, this may allow for a powerful rerating back higher again).
It should be pointed out that Coeur could always sell their ownership stake in the Sterling deposit (acquired when they took over NorthernEmpire) to AngloGold Ashanti. This would give CDE at least some cash ($90M – $110M ish) to help some with Rochester or Silvertip, and for AU this would be a bolt on expansion to their Silicon, Merlin, and now Bullfrog (after the takeover of Corvus) projects right adjacent to Sterling.
The other wildcard for Coeur is their strategic position in Victoria Gold, which they mentioned they didn’t want to part with, at least at this point, to help fund the Rochester Expansion, so it does keep that door open for a potential acquisition there at one point. Initially, if Coeur announced that, the shares would likely customarily sell off on that news, as the acquiring stock typically does when first reporting the acquisition since that is further dilutive (however, counter-balanced by the value of the assets being acquired).
“Maybe some of the above declarations are too alarmist …”
I don’t think so. I think what is alarming is that those that have been selected (voted in) to represent the people, have decided for their own interests to hide the truth and promote their own security
This exacerbates the crisis of corruption that has destroyed our Constitution, our safety, our future.
For whatever reason those elected have felt that their personal bending of character and truth won’t affect the big picture. That somehow the “market-place” will always see- through the individual corruption and alter reality to the “spirit” of democracy.
Well what wasn’t contemplated was the attractiveness of public service for personal gain leading to an overabundance of political servants with a missing gene of ethics/morality that felt their little divergence from truth/honesty/public service would go unnoticed … until it was the theme.
Now we are faced with economic destruction with no solutions … coupled with no admissions of guilt.
Rather the first lie. …led to more lies and now the only option is to lie to the people because any admission leads to blame by the opposition who is equally guilty.
Are your comments “alarmist”. … hardly.
Thanks for those comments and that feedback Lakedweller2, and for a well-reasoned response about those supposed “public servants” as politicians and bureaucrats desires to exercise more control over the populace, and to profit from their positions. It’s hard not to see so many areas where the old financial and ruling system is being routinely and purposefully disintegrated for their own self interests.
One of the MYTHS of DEMOCRACY……………….. concerning “public servants” . lol
Bitcoin is at resistance and looking tired…
It is also at a weekly pivot resistance…
Speaking of Silver miners, here’s an intriguing chart from Patrick Karim:
Wow. Been so focused on the metals and the oils I totally missed the move back into renewables like Xebec.
Yeah, I’ve noticed that as well Wolfster. TAN and FAN are heading higher, as is Ormat Technologies and Algonquin Power on my watchlists. I was hoping to get some bigger rips in the PMs stocks by now to rotate over into those before they started moving, but such is life….
Michael Boutros (note time stamps): https://www.youtube.com/watch?v=-sfocm0y_5E
Gold-backed ruble could be a gamechanger: Linking the currency to gold and energy is a paradigm shift for the global economy, a precious metals analyst tells RT!