Minimize

Welcome!

Weekend Show – Featuring Doc and Dan Steffens – Markets, Gold and Energy

Cory
May 13, 2023

Welcome to the KE Report Weekend Show! Since markets seem unwilling to choose a direction we focus on the macro environment, gold and gold stocks as well as the energy sector. There are great potential opportunities for investors but it all depends on what the next move for markets is.

 

Please keep in touch with Shad and me through email. We love hearing what you all think of the guests and companies we featured throughout the week. Our email addresses are Fleck@kereport.com and Shad@kereport.com.

 

 

  • Segment 1 and 2 – Richard Postma, AKA Doc joins us to share his outlook on the economy, by referencing recent data trends, and what he is watching for the gold and gold stock charts. Doc also shares insights on the stocks he is accumulating on dips.
  • Segment 3 and 4 – Dan Steffens, President of the Energy Prospectus Group wraps up the show with a focus on the oil and gas sectors. We recap the recent supply and demand data then move to oil and natural gas stocks that Dan is recommending to his subscribers.


Doc
Dan Steffens
Discussion
23 Comments
    May 13, 2023 13:51 AM

    Ciao Mr…Postma… Like myself,
    I know you like Exquinox…Although I sold Friday at $ 5.30..I”am looking to get back in…((And stay in))…Your guides would be greatly appreciated…on a entry point ..Sincerely..Dash Riprock..

    May 13, 2023 13:35 AM

    I just listened to Dr. Marc Faber (Gloom, Boom, and Doom, Report) in an interview at Wall Street Silver and he is Big on Platinum. He believes that BLM is trying to destroy the inner cities of America, and that people with the means will migrate to the country and with that the property values of the big American cities will face more decay and decline. DT

      May 13, 2023 13:39 AM

      Glad to hear his opinion on platinum……….. Platinum, has been taken to the woodshed for years……
      Bobby M. ..thought it was undervalued last year…..

        May 13, 2023 13:27 AM

        Yep, agreed that Platinum has room to rerate higher versus Palladium, Gold, and Silver.

        Currently, I’ve got 3 positions with PGM exposure (plus other critical minerals) — Jubilee Metals, Sylvania Platinum, and Stillwater Critical Minerals. Eventually I may add back Generation Mining too.

          May 13, 2023 13:53 PM

          Going to take a long time before platinum over takes gold…..

            May 14, 2023 14:54 AM

            Agreed, but nice gains to potentially be made as the ratio between them compresses.

    May 13, 2023 13:33 AM

    FWIW Something to ponder:

    Schwab close of Emo at 4:00 PM EST: -4.62%
    Schwab close of Emo after EOD processing: +1.03

    Schwab close of Osisko Metals at 4:00 PM EST: -4.19
    Schwab close of Osisko Metals at EOD Processing: +.45

    Yahoo shows close Friday of Cad at -3.85% for Emo and Osisko Metals +1.89%. Obviously if Schwab uses their EOD, then EMO will be off all day long for Open vs Previous Close. This is not necessarily unusual except for the incessant attacks against Emo for an extended period.

    Here is another one: Magna moved to my IBKR account and has been going down ever since, Friday my IB account close for Magna was -8.3%. Pulling up Magna on OTC Markets, it is showing a 5:00 PM Friday close of +19.66% which is consistent with Yahoo. Google showing Canada price as -5.13.

    These divergent moves between primary source for price and Countries very possibly could leave the investor somewhat confused as to price/cost/value and certainly open for greater fraud in the system.
    FWIW

      May 13, 2023 13:25 AM

      Just thinking: what if people have trailing stops on their OTC miners and it closes almost +20% and does not adjust to the primary price in Cad of -8% for Magna. It seems an open reflecting the Cad (-28% less than OTC) could blow some stops.

    May 13, 2023 13:15 PM

    The price of lumber has cratered from $788 USD per 1000 board feet to $339 in one year, but there is little difference in the price the consumer pays when he buys some at Home Depot because the price of getting the lumber to market from harvesting to fuel to transportation costs is so high due to inflation that the savings is negligible. DT

    May 13, 2023 13:09 PM

    time is the most elusive element of trading….the cycles serve as a rough template…then the sacred geometry of Fibonacci plus Lucas numbers exposes the structure that fills this time….Bollinger Bands by their underlying mathematics as constructed are 180 degrees out of synch with the price action…A monthly Bollinger…You spend a lot of time reverse positioning….

    May 13, 2023 13:35 PM

    The Biggest And Broadest Asset Bubble In History

    Jesse Felder – The Felder Report (05/13/2023)

    https://mailchi.mp/felder/biggest-and-broadest

    May 13, 2023 13:40 PM

    More Gold Consolidation Required in Time and Price

    David Erfle – Friday May 12th, 2023

    “After the doubling of the gold price from a low of $1045 in late 2015, to a peak at $2089 by mid-2020, the safe-haven metal had reached a technically extreme overbought situation. While bullish sentiment in bullion also peaked at that time, a sideways consolidation process inside of a $450 price range has been taking place in Gold Futures for nearly three years.”

    “Last week was the third attempt for the gold price to break out to all-time highs above $2100 during this time, while becoming extreme overbought on a weekly basis. The third attempt at a major resistance level is typically not successful. But following this latest pullback from just below $2100, I expect gold to make a fourth and successful break to new all-time highs after shaking out as many late-comers to the gold party as possible.”

    “Gold Futures came within $4 of the mid-2020 all-time high at $2089 on May 4, then a sharp reversal last Friday hinted of more consolidation being likely during the coming weeks. Since late 2022, the gold price has been on a parabolic run of over 32% from a monthly triple-bottom low at $1620 in November. But as its price became technically overbought during Fed Week, more consolidation in both time and price is required for a coming breakout to be sustainable.”

    https://mailchi.mp/77578e7ce385/david-erfle-weekly-gold-miner-sector-op-ed-1601925

    May 14, 2023 14:20 AM
    May 14, 2023 14:13 AM

    Linkedin just laid off 716 employees, the job market is so strong they shouldn’t have trouble finding part time jobs. LOL! DT

    May 15, 2023 15:18 AM

    Look s like Magna opened about -20% or so which was not consistent with either the US or the Cad close on Friday. However, there should be some upset OTC buyers from Friday that paid 20% over market for Magna shares, not counting those that were stopped out this AM. Might be the same people. I would say most in Explorers don’t use stops because of the intervention, but most also would have questioned the discrepancy of the OTC and Cad prices on Friday. Looks like intervention is not only in market direction influences but now has expanded to price discrepancies without EOD balancing with Primary markets. Very concerning as less than free markets are moving to totally corrupt.

    May 15, 2023 15:26 AM

    Another one to keep an eye on in the US is the Santacruz intervention. OTC has it down to .22 or a 10% decline from Friday. IB has the Cad Halt price at .40 or .30 US. Might be something to ponder. Obviously the OTC is operating off of “air” as the company needs to submit a financial report. Look at Santacruz’s last quarter production report and see if this decline in the OTC is rational for “what the public knows”.

    May 15, 2023 15:31 AM

    What?: My IB account showing Santacruz trading but their News section not showing Halt lifted. ceo.ca santacruz has no posts added since Halt.
    I put in a bid of .30 and it classified it as “PreSubmitted”. How can my account be down on IB if they don’t process trades yet.

    May 15, 2023 15:52 PM

    Another down day like all others. No justification, same pattern, same some up some down, same losses, same corruption…