Robert Sinn – Macro Market Drivers And Technical Outlook On The Precious Metals

Robert Sinn, aka Goldfinger, editor of Energy & Gold,  joins us to review the macroeconomic market drivers and provides his technical outlook on the precious metals sector.  It’s a wide-ranging conversation that starts off with Fed policy, inflation, interest rates, and the general slowing down of the economy.  We touch on the lagging data in the jobs number, and the increasing signs of rising unemployment and big layoffs in the tech sector. With the market pricing in a 50 basis point rate hike in December, and possible one or two 25 basis point hikes in Q1, Robert stresses that the eventual terminal rate matters and whether that comes in below or above what is already priced in, will depend on more data and will be significant.


Next we shifted over to reviewing the key support and resistance technical levels in gold, silver, and the  mining stocks, and that it does seem like we are in a basing and bottoming period, but it again, hinges upon when and where the central banks finish up their tightening policy.  Robert balances out some of the constructive positive trends he is seeing, with some words of caution, as we are in very unpredictable markets and an unusual economic period.


    Nov 07, 2022 07:02 PM

    Goldfinger aka Robert Sinn is a fairly smart trend spotter, but he believes too much in what America is doing, America is making a lot of mistakes in their foreign policy and in their financial projections. America no longer leads the world it lags, if you don’t back your currency with gold you will lose, and America is resting on its laurels when it was a great nation.

    America needs to convalesce and re-evaluate what is happening in the world, but they are living in the past like Joe Biden. DT

      Nov 07, 2022 07:45 PM

      After 50 years in govt, Biden sure knows how to walk the talk, lining his pockets to highest bidder, don’t know what country he’s from. Vote out aristocrat scum

    Nov 07, 2022 07:24 PM

    For those interested in copper-gold porphyrys in BC, American Eagle Gold Corp may have made a major discovery judging from today’s drill results and hype.

    Nov 08, 2022 08:59 AM

    Day 2 this week of some up … some down and some not reported. Month 11.

    Nov 08, 2022 08:02 AM
    Nov 08, 2022 08:29 AM

    Don’t Fight The Fed

    By Michael Lebowitz – R.I.A. – June 29, 2022

    Nov 08, 2022 08:30 AM

    Druckenmiller: A Decade Of No Returns

    By Lance Roberts – R.I.A. – October 25, 2022

    Is a “lost decade” ahead for markets? Stanly Druckenmiller believes that could be the case.

    “There’s a high probability in my mind that the market, at best, is going to be kind of flat for 10 years, sort of like this ’66 to ’82 time period.”

    Druckenmiller added that with inflation raging, central banks raising rates, deglobalization taking hold, and the war in Ukraine dragging on, he believes the odds of a global recession are now the highest in decades. He pointed out that globalization has a “deflationary” effect because it increases worker productivity and speeds up technological advancement. However, that tailwind is now fading. To wit:

    “When I look back at the bull market that we’ve had in financial assets really starting in 1982. All the factors that created that boom not only have stopped, they’ve reversed.”

      Nov 08, 2022 08:07 AM

      Thanks for all the XXXTRAS YOU bring to the site Shad.

        Nov 09, 2022 09:35 AM

        Sure thing Marty. Glad to share things, and also glad to review what others share here on the KER forum. Ever upward!

    Nov 08, 2022 08:57 AM

    Shifted more to i-80.

      Nov 08, 2022 08:57 AM

      None at all lol.. it remains as one of the strongest companies you have shared with us all. I wish I had equal to your stash but I literally have my smallest position in cash ever. Coincidentally it also smells like a rock bottom low in a cyclical classic fashion. Here’s to finally possibly going up for a longer duration this time around 🤞

      Nov 08, 2022 08:04 AM

      NICE! Thanks for all your posts, Bro.

        Nov 08, 2022 08:13 AM

        Sure thing 👍

    Nov 08, 2022 08:37 AM

    We have a confirmed breakout in gold!

    Last couple days I’ve been hearing and listening to many technicians about how we are going higher and then dropping like a bomb. The charts and pattern I’ve been looking at has been telling me differently.

    I’d like to see a close this week in gold around $1735/$1745 then possibly correct next week and move upward the following. The miners is the place to be. Iamgold is now working on closing its massive gap above and I believe it will do so in short time.

    Next we need the explorers/developers to really get going here and I expect that very very soon.

    My two month/three month call on usd is playing out to the tee if anyone has listened. For those who think usd will go higher and that will affect the miners. I don’t think so. I’m expecting usd to have one more higher high but the miners already have priced that in and are diverging from big money using that last pop to get out of usd and into miners.

    Technicians will soon change tone from bearish to bullish when they realize late that market conditions technically have changed. There lower targets will likely not be met.

    Good luck to all

      Nov 08, 2022 08:39 AM

      Glenfidish, what are the chances Iamgold ends up like Pure Gold(PGM)?

      Nov 08, 2022 08:37 PM

      I said the other day……… gold going higher…………. long term……
      So, your bottom call is ok with me……. Glen…… 🙂

    Nov 08, 2022 08:46 AM

    Confirmed breakout in brixton as technically I was correct when I spoke with green..

    I hope green purchased some more 🙂

    We do have a monthly gap at .15 cents down there which I would use as a buying opportunity if we go back down. It could be a quick stealth like move catch and grab and up! That’s what I suspect. Matthew your input on that monthly gap?

    Nov 08, 2022 08:51 AM

    Remember this when i posted it sometime ago? Remember I updated the post and move forward the dates. The over point or signal is that I believed that to be the bottom and I still do!

    Nov 08, 2022 08:00 AM

    Added to VZLA @ $1.06 US

    SOLD 3% of position- SILV @ $6.41

    Nov 08, 2022 08:01 AM

    Just thought I would mention what Glen has had to listen to for the last two months over and over again.

    Gold has not bottomed!
    We are heading lower! Almost every technician on YouTube. Probabilities until there not 🙂
    Oil going higher and to the moon..
    Bitcoin is bottoming lol

    All these are 100% contrarian

    Oil as inhave mentioned repeatedly is going sideways and then another huge drop down. I’m expecting $35/$45 a barrel sometime next year! Put this on record and this will ignite the miners margins while dollars entering the space at alarming rate

    Cheers to all

      Nov 08, 2022 08:59 PM

      Go f— yourself Glengibberish

    Nov 08, 2022 08:12 AM

    I am expecting the declining 100 WMAs to more or less halt the rally in the metals, although I think a bit of an overshoot is possible.

    Silver could rally to $25-26 before reversing, which would form the neckline of a large inverse head and shoulders. I think most of 2023 could be spent building out the right shoulder, which would be in line with my thesis that the declining 100 WMA would eventually cross below or at least get near to the rising 200 WMA.

    The same could be said for mid tier silver miners like HL and AG. Both look similar to silver in that they could also be setting up large inverse head and shoulders. AG for example, could rally all the way back to $13-14 before reversing back down to form a right shoulder. HL might be good for $7-8.

    Nov 08, 2022 08:18 AM

    Brixton looks set for a moonshot over the next 12-24 months. $2 cdn is my call within 24 months. It will likely be much stronger than mid-tier companies during the entirety of that time, especially in 2023.

    Nov 08, 2022 08:30 AM

    The SILJ:GDX foreshadowing that I posted here in early August should have helped to give people the right attitude to keep their despair in check.

    Nov 08, 2022 08:03 AM
      Nov 08, 2022 08:33 AM

      Good one Matthew. I sold my KTN and rolled into Brixton during the last couple of weeks. Brixton has done well, but today for KTN is strong.

      Nov 08, 2022 08:49 AM

      I bought KTN under .10 too and have taken a little off the table today.

        Nov 08, 2022 08:04 PM

        I actually added a little more at .11 today (and at .10 and .105 yesterday) and won’t be selling any.

          Nov 08, 2022 08:32 PM

          I’m a little puck shy still from the last 8 months of trading, I also have a FOMO so will jump back in quickly. I bought a bit more Big Ridge today.

          Nov 08, 2022 08:10 PM

          Back in Koot…maybe more tomorrow depending on whether there is a tomorrow…

          Nov 08, 2022 08:19 PM

          I’m hanging on to my Mexico miners even though Jim Willie made negative comments recently about the drug cartels shaking down the miners and forcing them to turn over part of their production.

            Nov 08, 2022 08:58 PM

            You really don’t deserve a breath of glens comments!! But you truly are #1 contrarian indicator in my books….😃💪🥳🙌🎉

          Nov 08, 2022 08:59 PM

          Speaking of Koot, When I was trying to buy today reminded me how much I dislike the MMs handling it. I got only half the shares I wanted even though I kept moving price including more than the Ask. They also don’t publish trades. If I remember, anytime I am thinking getting rid of a stock, Koot goes to the top of the list because of trading it is a pita. Makes me not trust pricing and I always get the cad price first which usually doesn’t matter. Just me.

            Nov 08, 2022 08:00 PM

            You do realize your a retail trader? Come with Glen we will get you through the vip route and get you those shares back door!!!


            Nov 08, 2022 08:50 PM

            VIP trading. Does Schwab do that?

    Nov 08, 2022 08:05 AM

    After over two years, the PM shorts have been the big dog on the porch, and I see a nervous short covering rally………..based on the USD flat lining……….algo traders in fine form as usual

    I will not read to much else into this rally, long term, unless we close above 1700, and above 18 month MA on monthly chart………..for the month of November………………..Doc put it simply………….long term charts tell the truth !

    But a good trade however you think……….according to daily charts ….. GLTA

    Nov 08, 2022 08:17 AM

    Back in Lion One. Added to Kraken that back into yesterday. Added to i-80, Tectonic, brixton, nine mile.. Then they started backing things up.

    Nov 08, 2022 08:38 AM

    The stock market appears to be putting in another top which will be good for our miners under the circumstances.

    Nov 08, 2022 08:41 AM

    Starting to look like just another day in paradise unless my account has a big finish.

    Nov 08, 2022 08:07 PM

    This quarterly GDM versus SPX chart shows a giant basing action spanning many years that will launch a massive multi year run higher:

    Nov 08, 2022 08:14 PM

    Mathew ……always look forward to your comments…………..thoughtful…………

    A basing pattern would be welcome………………with decades high inflation and Pm’s going in the opposite direction…………is the definition of insanity !

    Stagflation with FED pausing……..IMO will be the catalyst to turn the light bulbs on !