Doc Jones –Thoughts On Oil Stocks, Energy Metals Stocks, And A Site Visit To Millennial Precious Metals

Doc Jones, Private Investor, joins us to discuss oil and natural gas stocks, resource stocks in the energy metals sector, and a recap of a recent site visit in Nevada.   We start off with getting his thoughts on the macro fundamental drivers in the energy seector.  Then we move over to the energy metals with a focus on copper, zinc, and lithium.  Next we get some general thoughts from Doc Jones on the more defensive posture he’s taking in these turbulent markets, and he offers some ideas on what he’s doing in his portfolio. We wrap up with a recap of his site visit to Wildcat property held by Millennial Precious Metals (MPM) (MLPMF).

    May 05, 2022 05:17 PM

    Barrick CEO Bristow Rules Out Kinross Acquisition, Says Many Of Its Mines Are ‘Marginal’

    Niall McGee – The Globe and Mail – 05/05/2022

      May 05, 2022 05:19 PM

      Based on that… it looks like Barrick missed their chance to pick up Great Bear’s Dixie project while they could, after picking up strategic positions in companies exploring on both sides of them.

    May 05, 2022 05:21 PM

    Here is What Starts Gold’s Next Uptrend

    May 04, 2022 – Jordan Roy-Byrne CMT, MFTA

    “Gold isn’t going to decline continuously until a Fed policy reversal. Its likely Gold makes a low beforehand.”

    “Consider the things that will lead to that policy reversal. It could be bad economic data, inflation cooling, or problems from the strong dollar.”

    “The first signals will come from the bond market, whatever the developments are. The Fed follows the market. In the chart below, we plot three bond market indicators and Gold and Gold against the S&P 500. The vertical lines mark the peaks in the 10-year yield.”

    May 05, 2022 05:33 PM

    The Fed can’t comeback and lower the interest rate, not now, not for a long time but they can pump money into the markets. That might work for a while but gold will start to really shine if they do. DT

    May 05, 2022 05:34 PM

    Doc sitting in cash has to be licking his chops—

    May 06, 2022 06:16 AM

    FREAKY FRIDAY …………… again……….. enjoy………..

    May 06, 2022 06:30 AM

    How is this going to play out, are the buyers and The Fed going support this market today or are we going to see the May storm continue? DT

    May 06, 2022 06:56 AM

    Looks like a bottom IMHO… CDNX… give it a couple minutes and that might change!;-)

    May 06, 2022 06:02 AM

    A Dozen Rules Of Risk Management For Staying In The Game In Any Market Climate

    @Goldfinger – 6 May 2022

    May 06, 2022 06:02 AM

    It could be that gold’s long term, 200 week bollinger bands (200,2) need to come in a bit more before it can make another leg up.

    A good analogy is what palladium did between 2000 and 2011–arguably carving out a large “cup” over that decade. From 2011 to 2016, it’s 200 week bollinger bands tightened considerably while price stayed in a relatively tight range and formed the “handle.” Ultimately that handle finished when it tested its 600 WMA in 2016 and the lower 200 week bollinger band. Since 2016 is has had an amazing bull run, going up 7 or 8x.

    If something similar played out for gold, gold would begin its next leg higher sometime between 2024-2025. Just like palladium, gold has already carved out a large 10 year “cup,” and the handle has been forming since mid-2020.

    Even if gold’s 200 week BBs don’t need to narrow quite so much, they are still quite wide by historical standards. That’s why I don’t think gold will do much of anything until at least 2023.

    The same it true of silver with respect to its 200 week BBs–another year of chop will see its bands narrow significantly. This current action is nothing like what silver did between 2004-2008, which was pretty much a continuous ramp higher, with beautiful textbook higher highs and higher lows. Therefore I think it is going to need to reset before it can make another leg higher. That probably means a sideways to down grind for another year and possibly multiple years.

    May 06, 2022 06:07 AM

    Does this news seem like a reason to sell down a stock by 20% over the last 2 days?

    Yeah… it’s narrow, but that is a really high grade hit.

    GSilver Drills 2,988 GPT AgEq Over 0.35m Estimated True Width at El Cubo

    5 May 2022

    May 06, 2022 06:43 AM

    GDX….daily charts w significant RSI(14) divergence…..positive thing……tested and rejected TD9 support at 34.10……chart is reset for upside…my concern is the weekly…it is not yet oversold eg reset…however it has completed a .618% retracement of the 1/24/22 swing low…so neutral now barring a major weekly reversal candle…ideally a smallish weekly candle next week…allowing for an easily formed swing low signal…glta

    price of 31ish would complete a test of 200 ema plus .786% retracement…this is what fund managers like…will it happen?…no idea…also we are in week 4 of a TD9 count next week…so this chop could continue quiet a while eg like another month…imho….

    daily gdx is ripe technically for bounce..bye

    weekly gdx