Weekend Show – Mike Larson And Matt Geiger – What Comes Next For Markets and Metals?
- Segment 1 and 2 – Mike Larson, Editor In Chief at the MoneyShow kicks off the show by sharing his outlook for markets. We discuss his outlook for the US markets, gold, the US Dollar and bonds. Mike has been been calling these markets perfectly over the past two years which I think make his comments very noteworthy.
- Segment 3 and 4 -Matt Geiger, Managing Partner at MGJ Capital wraps up the show by discussing why he like prospect generator and royalty companies.
Maybe the CCP has requested a donation or is about to change the terms of their contract with SVM.
Quinton Hennigh is one of a kind for his knowledge, experience and enthusiasm. On the Crescat #122 podcast he mentioned his continued involvement with Novo(NVO) and recent work at their Becher property, even though Crescat doesn’t seem to have a holding in NVO. Several times QH mentioned Degrey(DEG:ASX), which has 10moz near Becher. Today NVO with its more than 10,000km land package, is selling for .23/share.
Chen lin mentioned Novo today as undervalued.
The low seems here or imminent in gold stocks. The comments are sparse
I am reposting as my first post disappeared. Thank you for today’s show. Any thoughts on Silvercorp after recent earnings announcement? Stock price dropped much more than expected.
Hi Badgermom3 – I’ve got a heavily weighted position in Silvercorp in my portfolio, because it is one of the best-in-class silver/gold & base metals producers, with some of the lowest all-in sustaining costs in the sector.
The whole PM sector has been selling off hard for a month now, often times even on good news released to the market, so I don’t read too much into the corrective move in SVM. It’s an across-the-board corrective leg down in the vast majority of silver & gold stocks, regardless of their fundamental value creation or assets underpinning the company. A perfect time for accumulation into the current weakness.
Silvercorp also recently announced acquiring Celsius Resources, and that accelerated the recent leg down, as the acquiring company usually takes a hit for a while after such an announcement due to the cost. In this case the acquisition is being funded by 90% shares and 10% cash.
It remains to be seen whether this acquisition is worth the candle, but here is the rationale for the acquisition in the recent presser:
“The addition of Celsius’ advanced-stage Maalinao-Caigutan-Biyog copper-gold project (“MCB Project”) in the Philippines to Silvercorp’s profitable underground silver mining operations will move Silvercorp into being a diversified precious-base metals producer.”
So, diversifying further outside of China into Philippines, compliments the 4 other incubator companies in South America, that Silvercorp also has strategic positions in. It’s not just a China only story now, and hasn’t been for some time.
Badgermom3, President Xi says .. I will own everything .. and he doesn’t care if you are happy or not.
Haven’t seen the final “deal” the politicians have made to resolve the debt ceiling, but rumors sound like the “riders” to the bill favor corporations…as usual. If that is the case, and it always is, miners should go up (unless intervention is felt to be necessary for managed money interests).
SLV managed to finish last week above some important supports but it also has some newly bearish weekly oscillating indicators. The best case possibility now for the bulls might be a big gap down to start the week followed by an immediate and impressive reversal. Without that the bullish possibilities that were present for the last several months could be dead for many weeks/months to come. However it should be emphasized that we could still obtain a low soon and have a rising market in the meantime. Additionally, it’s now drilling season and good juniors could still perform exceptionally well even if the sector does not deliver a bull move this summer or fall.
https://stockcharts.com/h-sc/ui?s=SLV&p=W&yr=3&mn=0&dy=0&id=p33573067553&a=1385192832
Bullish engulfing candle from important support zone for silver:
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=1&mn=5&dy=0&id=p82552809844&a=1398685141
SLV:GLD showed some strength immediately after Thursday’s oversold reading and finished above its daily KAMA for the first time in 3 weeks.
https://stockcharts.com/h-sc/ui?s=SLV%3AGLD&p=D&yr=1&mn=3&dy=0&id=p29566648329&a=1418374030
Gold:Silver has engaged its 40 and 50 week MAs for the last 3 weeks but has been unable to get a single weekly close above either of them (which is a positive thing for the sector).
https://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24SILVER&p=W&yr=3&mn=0&dy=0&id=p21251974622
For at least a short term trade HL is appealing here.
https://stockcharts.com/h-sc/ui?s=HL&p=D&yr=0&mn=11&dy=0&id=p75411687759&a=1417997420
K92 looks decent too…
https://stockcharts.com/h-sc/ui?s=KNT.TO&p=D&yr=1&mn=1&dy=0&id=p92028837065&a=988774876
“People need to understand the risks”…David Hunter….Serious times ahead…GLTA
Imminent high for the weekly overbought Nasdaq 100?
https://stockcharts.com/h-sc/ui?s=%24NDX&p=W&yr=3&mn=7&dy=0&id=p20390561491&a=1043249446
I agree w the nasdaq analysis…Here is my view using weekly expansion/contraction fibs…About the same…..This weekly view is also fractal on daily…Same thing…Very near an intermediate reversal in markets but /NQ must puke first….or it melts up like David Hunter suggests…no idea which…glta…..but at this stage if general markets take a hit it will drag down miners…imho
Gold is just bearish (though not big picture, monthly+). Uptrend and speed line supports have been broken and most weekly oscillating indicators have turned down. I still think it will dip below 1920 (at least). Silver and the gold miners could easily bottom well ahead of gold and probably will.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=3&mn=0&dy=0&id=p03110248554&a=1414263445
A gold chart to watch:
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=0&dy=0&id=p22572074713&a=1417974144
Same gold target from my chat…intra-day 4 hour chart shows a final? ABCD down to target 1905…and this is at daily confluence range of the bigger swing of .382% and the 2/24 swing of more than .618% retracements…glta
If price fails next target down below is 200ema and .786% retrace and last ditch to hold is the swing of 2/24 at 1829
Copper looks good after pulling back precisely to its best daily close of last October…
https://stockcharts.com/h-sc/ui?s=%24COPPER&p=D&yr=1&mn=3&dy=0&id=p31656986204&a=1079142485
Casey recently said Ecuador is Indian country and not a good place for gringos to invest. He further said the whole Pacific coast of S.America is Indian country and unfriendly.
https://www.youtube.com/watch?v=0wVoWJ9zi74
My guess is the rest of the World is Fed Up with Western World Central Banking and Corporate Corruption. Unfortunately criminal endeavors rarely self correct but “deny” until they take everything with them.
Paladin(PDN:ASX) down 20% and halted due to fears of Namibian nationalisation.
Sane algos in the same world. Debt ceiling part of plan.
Substituted some +100% Fathom Nickel shares for some FPX Nickel. My account has been barely negative since open as if nothing is going on in the World. The above trade is entertaining but hardly based on anything significant.
whole lot of hurt for penny stock bag holders as gold continues trend of past outperforming sector equities.
The seniors still above their march lows with leverage taken with purchased long dated calls, at the time AEM 46, ABX 22, FNV130, the bummer is NEM now below 42.
With time decay basically at even, will hold as plenty of time and potentially add more.
Same with the gas purchase UNG bought at 6.23, basically at breakeven now 6.25.
Not worth putting a lot of capital early into gold sector equities until there’s some sign of they’re at least keeping pace with the metal.
No rush to do anything, nice to have cash
Don’t think buying calls is such a good idea, especially on some of those you mentioned.
The only real bummer is NEM with their acquisitions, but the other seniors at least above their march lows, for now LOL. Far enough out in time which helps with the time decay, nevertheless need a decent bounce within next couple weeks.
Each his own Terry, prefer managing a gamble with periodic leverage than putting up a lot of cash with the abysmal underperformance of the sector equities.
Jonsyl, I just prefer selling options and having the cash going in rather than out.
Yes the prudent thing to so.
Thank you for the show today. Any comments on Silvercorp after yesterday’s earning announcement? The stock got shellacked!