TG Watkins – Commodities Continue To Outperform, We Look At Where Energy and PMs Could Go From Here

April 18, 2022

TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website joins me to recap some of his favorite sectors right now. Building of the trend of this year where defensive stocks are outperforming we focus on energy and precious metals plays. TG’s recent position in Natural Gas has been doing great alongside oil and his gold investments. We look ahead to see just how stable these uptrends are.




Click here to visit TG’s website – Profit Pilot.

    Apr 18, 2022 18:06 PM

    Some decent performance today with Kairos +14%, First Helium +12.27%, Libero +8.76%, Summa +8.26% ….some also went down for .04% for the day for all. Some up some down

    Apr 19, 2022 19:59 AM

    Price Quality:
    Possible NatGas and PM Topping.
    Ukraine Effect Pause?

    Apr 19, 2022 19:22 AM

    For anyone following the phosphate plays I have found another jr play from the past under a new name. Used to be Phoscan during the last fert boom but is now named Fox River Resources. Sector looks good and DAN hit another new high. FOX flittering with new highs as well. Haven’t bought it yet but will be looking at it as a lot of stocks are moving nicely and profits need a home.

    Also it’s interesting that at a time when things are looking so positive on so many fronts,the number of posts/comments are so low..

      Apr 19, 2022 19:35 AM

      Wolfster – thanks! I’m always looking for Ag Minerals that haven’t gone nuts and I have done well with a few of them.

      Has anybody looked at IPI? Sadly I didn’t buy enough buy wow what a chart and the daily ups and downs will get you dizzy!!!

      Re: the number of comments – don’t know about others but just keeping up with the insane world is nuts these days!

    Apr 19, 2022 19:24 AM

    Yen is getting hammered (yet again) this morning. You could call it a collapse, but if you look back to where USDJPY was in the late 1970s, the yen could potentially go a lot lower. There is also a giant H&S formation on the chart going back 20 years that has just been triggered.

    IMO, this is all coordinated action between the Fed and the BoJ. The Fed needed higher USD (which they assumed would reflexively put pressure on commodities), and the BoJ was more than happy to comply. It’s a central bank replay of 2011-2012 when the BoJ announced a QE program even bigger than the Fed’s, which sent yen and commodity prices tumbling.

    Traditionally, the general direction of yen has been positively correlated with gold prices and commodity prices. It’s possible the relationship has broken down a bit (it certainly has to some extent over the last 6-12 months or so), but it’s possible gold was just waiting for this moment (yen breaking the H&S neckline) to reassert its relationship with yen.

    Gold needs to hold onto the $1930 level (more or less the 50dma).

    Apr 19, 2022 19:43 AM

    I am resigned to the fact that AXU is likely going to produce an undercut low imminently, which could take it down into the $1.20s or potentially lower. It has been one disappointing puppy. Was absolutely not expecting that, but that’s probably why it will happen, lol.

      Apr 19, 2022 19:49 PM

      Thoughtful about the central banks yen play here. As far as AXU, it almost feels like management has taken a bribe on one of the purest silver plays that had all kind of potential 2+ years ago.

    Apr 19, 2022 19:10 AM

    NFGC – Sold a chunk @ $7.50 US

      Apr 19, 2022 19:48 AM

      NFGC – Sold a smaller chunk @ $7.59, next target $7.68

    Apr 19, 2022 19:17 AM

    Watch the Dow hit a new all time high by July-August on the back of the yen.

    Conversely, I will be very surprised if silver can break above $26 before then. My call for silver only breaking above $30 in the first half of 2023 is looking more likely after today’s action.