Doc Jones – How Is He Trading The Energy Sector, Commodity Stocks, And Looking For Value?

Doc Jones, Private Investor, joins us to discuss oil and natural gas stocks, resource stocks in the commodities sector, and how he is looking for value. We start off with getting his thoughts on the energy sector, where he sold out of most of his positions a couple months back, but is looking for more weakness heading into year-end to capitalize on.


Next we get some general thoughts from Doc Jones on the more defensive posture he’s taking in these turbulent markets, by warehousing some cash, as the Fed continues to bring down the demand side of markets with further hikes and tightening. We review just how far back most commodities have corrected year to date, despite the big moves most had in the first 3-4 months of 2022.


Currently Doc Jones is not being an aggressive buyer, expecting lower prices in many resource stocks, but he is periodically adding to his core positions as they pull down further in price. Ultimately he feels this is a time for seeking out good valuations, versus trying to pick bottoms, with an appropriate 1-2 year time horizon.

    Jul 21, 2022 21:16 PM

    I haven’t gotten any podcasts in my iPhone podcast app since the weekend report. Any ideas what I need to do? Thanks.

      Jul 22, 2022 22:59 AM

      Hi Charles. We are in the process of starting a new podcast posting through PodBean, and it will eventually be on more platforms, but it is process for us behind the scenes. We’ll be working on getting it added back to Apple for I-phones in the near future.

      In the interim, the podcasts can always be downloaded directly here on our site at the KE Report from the audio player, or one can use PodBean directly. We just started this new way of posting the audio files a little over a week ago, so thanks for your patience while get everything set back up with each platform. We’ll be adding IHeartRadio, and Pandora, and others as well… I believe we have it up and running on Spotify right now also as another option. Cheers!

        Jul 22, 2022 22:34 AM

        KER site download doesn’t work in China anymore. Life is a constant battle for westerners in China.
        We gotta get outta this place.

          Jul 22, 2022 22:26 PM

          Terry – does the download feature still work directly from the KE Report site in China, or is it the podcast that you typically downloaded from other platforms?

    Jul 22, 2022 22:31 AM

    Germany To Fire Up Coal Plants As Russia Cuts Gas Supply

    Rebecca Falconer – Axios – Jun 20, 2022

    “Germany has to cut natural gas consumption and increase the burning of coal as the country moves away from its dependence on Russia for its energy supplies,” Economy Minister Robert Habeck announced Sunday.

      Jul 22, 2022 22:05 AM

      Ex, it looks like you’re right about 50%.
      The Dollar is hunting it now!
      (Target 105.4)

        Jul 22, 2022 22:30 PM

        Yep getting closer to that target in the greenback. We may see a reversal back up though next week on the Fed rate hike.

    Jul 22, 2022 22:31 AM

    THANKS FOR THE EX-Plantion………… on the site…….

      Jul 22, 2022 22:32 PM

      Absolutely. 🤓

    Jul 22, 2022 22:37 AM

    Today’s Friday News volume way down. Possibly when computers think every news release is a sell the news event, then the market responds by publishing no news. That mentality could spread ….

    Jul 22, 2022 22:38 AM

    FREAKY FRIDAY……………… again…………….
    Despite Manipulating Precious Metals Prices, JPMorgan Is Still At The Heart Of The LBMA, SBMA, & COMEX
    zerohedge/wally report……..

      Jul 22, 2022 22:21 AM

      Another run away day for me. A couple of hours into the day and I am up + $95.92. Yesterday’s winners are today’s losers. Looking toward the Close and maybe Breaking Even…

    Jul 22, 2022 22:03 AM

    Hope Glenfedish is OK………….. was wondering about his insight……… on the metals……

    Jul 22, 2022 22:09 AM

    Although I am still in the markets and am hoping for a rally, I really believe this market is headed for a crash. Jim Rogers was interviewed on Kitco very recently. Jim believes that The War in The Ukraine will be over soon, then oil and wheat will go down, and everyone will jump back into the conventional markets because they will think that inflation is cured. Jim also believes that this big market rally will be short lived and traders need to take advantage of this euphoria and sell before the Crash! Hits! DT

      Jul 22, 2022 22:51 AM

      In 2007-9 everyone was saying the opposite. “No crash, it’s contained, just a small correction” The “No crash” crowd was a crowded trade back then and look what happened. Today what do we have? Media hype and copious amount of articles about the coming inevitable crash.

        Jul 22, 2022 22:59 AM

        Right on. I had a bunch of S&P puts back then and tried to warn a lot of friends and family in the summer of 2008 and not one took me seriously. Sentiment was the exact opposite of today. Everyone and their brother has been predicting a crash for years and now that stocks are way off their highs, most are even more confident that a crash will happen.
        I think the bear market has a ways to go but I wouldn’t choose now to bet against it. There’s a good chance there will be significant upside from here before it turns down again. If more strength doesn’t materialize, obviously that would be bearish. This is the 6th week off the low so the bulls do need to show us what they’ve got…

        Jul 22, 2022 22:01 PM

        Markets do have a way of sucking people in then blowing them away. That is what Jim Rogers was saying, The Ukraine War will end then everyone will jump back in the pool and think it’s safe when it’s not. DT

    Jul 22, 2022 22:39 AM

    2020 gap on GDX got filled

    Jul 22, 2022 22:42 AM

    Ready to shelve 7 figures among these three stocks. Any other companies (big cap) you guys suggest?

    a) Barrick
    b) Hecla
    c) AEM

      Jul 22, 2022 22:37 PM

      I like Hecla the best on that list, but don’t believe it’s finished going down quite yet. Same thing with CDE – it may have a bit further to fall initially, but bot CDE and HL will have more torque to the upside than Barrick or Agnico.

      For a Major, Kinross is pretty dang beat up at this point, and could also be a takeover candidate by one of the other big boys.

        Jul 22, 2022 22:10 PM

        Thanks Ex. I agree, HL will have more torque. I also like Equinox and Kinross (I share your takeover sentiments) SSRM also looks good.

          Jul 22, 2022 22:44 PM

          Yeah, I just added more to my EQX Equinox position in the last week into that sea of red, because longer term they’ve got a very solid growth profile, and they got hit a little harder than some of the other larger producers on these recent downdraft.

    Jul 22, 2022 22:14 AM

    Has anybody heard that Draghi resigned in Italy and they are finally imploding. Why would Draghi need to resign after having experience with the World Bank, Director General of the Italian Treasury, Goldman Sachs, Governor of the Bank of Italy, President of the ECB, Prime Minister of Italy….
    Did I mention Goldman Sachs.

    Almost Forgot: Back before “Fiduciary Duty” was removed from Webster’s Dictionary, the above would have been Gold positive. Now it is in the back pages of unread newspapers.

    Jul 22, 2022 22:18 AM

    HL has unfilled gap at $1.87 I’d say odds are it will get filled

    Jul 22, 2022 22:26 AM

    Another piece of trivia:
    Just noticed that Palladium is up $137or about +7.3%. I checked Stillwater Critical Minerals and, of course the algos didn’t get the word again and are going about their business.

    Jul 22, 2022 22:42 AM

    The HUI is working on its 7th week down. The last time that happened was the summer of 2015.

      Jul 22, 2022 22:36 AM

      Whoa look how far down the rubberband been stretched. When all said done, there’s going to be a violent snapback rally.

        Jul 22, 2022 22:38 PM

        Agreed CaliJoe.

        Jul 22, 2022 22:26 PM

        That’s right, such declines rarely result in sideways action, especially in this sector.

    Jul 22, 2022 22:24 PM

    The miners are either going to fill Monday’s gap or retest last week’s low. Either way, I consider it a buying opportunity. That’s not advice.
    SILJ 30 min:

    Jul 22, 2022 22:31 PM

    IPT:GDX just obtained its first weekly close above its weekly KAMA since last November:

      Jul 22, 2022 22:32 PM

      IPT beat GDX by more than it beat the dollar this week (13.53% vs 12.73%).