Weekend Show – Not Your Average Bull Market; AI, Markets and Metals
Welcome to the KE Report Weekend Show! This Weekend we feature a couple of our favorite guests, Rick Bensignor and Christopher Aaron.
Since there is so much focus on AI and tech we start there and keep it more big picture. Same goes for the precious metals complex where we we compare this bull market in gold to the US market performance through history.
Please keep in touch with Shad and I through email. We love hearing what you all think of the show, our guests and the companies we feature throughout the week. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
- Segment 1 and 2 – Rick Bensignor, President of Bensignor Investment Strategies kicks off the show with a discussion on the potential of AI investments and society. We also discuss the internal makeup of this market rally. We then move to the US Dollar, bond market, gold and copper.
- Segment 3 and 4 – Christopher Aaron, Founder of iGold Advisor and Senior Editor at Gold Eagle wraps up the show with a focus on the gold market. We look back through history and compare gold’s performance to the US markets. We also look at the gold stocks to understand why these have lagged so much during this recent bull market.
BBB scored a better RSI reading yesterday than it did when it hit .30 at the end of December.
https://stockcharts.com/h-sc/ui?s=BBB.V&p=D&yr=0&mn=11&dy=18&id=p16355876291&a=1373993829
I like the Brixton chart a lot here. Wish I had more cash to buy more. Also like the HL chart, but not quite as solid as Brixton IMHO.
I agree but am happy to keep my HL.
Yes I am not ridding my HL either. Was actually thinking of selling a little SAND to build a bigger HL position.
Don’t be surprised if the VIX spikes to a single digit.
https://stockcharts.com/h-sc/ui?s=%24VIX&p=W&yr=15&mn=2&dy=0&id=p30516608327&a=1425067230
SPY just put in its highest weekly close in almost 14 months.
https://stockcharts.com/h-sc/ui?s=SPY&p=W&yr=3&mn=4&dy=0&id=p52854899278&a=1425775851
My take from the Aaron interview… ten baggers will be harder to come by, much harder.
I am hearing more forecaster comments dropping the old “maybe next year”. (That sounds like same algos, same intervention …again)
Copper: Thursday’s high and Friday’s close show the validity of this Andrews pitchfork resistance:
https://stockcharts.com/h-sc/ui?s=%24COPPER&p=D&yr=1&mn=3&dy=0&id=p13265208457&a=1079142485
Chart looks good to me.
I can not understand why so many on this page, believe in the charts. Your are all being fooled . All marked are manupilated , by the BIG boys , who kick you in the Gonads every day… & you all fall for the same shit , year after year….. Up / Down , ” THEY ” control it.
The old chicken or the egg argument. Technicals shows you where things are. Not necessarily, where you are going because intervention is possible with computers and criminal governments.
Tony, that will forever be the argument of those who don’t understand technical analysis. It simply doesn’t matter if chart patterns come from angels or from demons. “THEY” have never stopped the market/mother nature from pricing-in reality in any meaningful or sustainable way and they’ve certainly never flipped a major trend.
The U.S. dollar is down almost 90 percent versus gold since 2001. Do you think that would be the case if “they” had the power that you think they do?
Tony, the scant postings here speak to how many here have done what you speak of and swallowed the technical babble as the gospel of the doomsayers. And are now holding the bag on the dregs in particular while for months gold holds water at times is within shot of all time highs.
And how about the poster boy’s IPT where many here bought it on. Or that spx was doomed with certainty yet is at highs for the year.
Yes, eventually sector equities will have their moment, starting with the majors, best to play it short term with minimum cash commitment. The outperformance of sector equities vs gold will tell the story as the change in tide.
IPT represents a phenomenal opportunity for people that don’t have your pitiful shortcomings. Btw, notice it didn’t participate in last Thursday’s upside? Being the bellwether it usually is it correctly did nothing.
As for the scant comments here, that’s nothing but a good thing. The herd never gets excited over good deals, at least not in a positive way.
Been away for a while but glad to see nothings changed here. 🤣🤣🤣. Same old same old arguments/discussions.
Yup jonsyl those technical calls have been atrocious. Most recent one BBB looking terrible…… if you didn’t average down on that one. 😎
I’m now fully in with all free cash as I averaged down on the few I really like and now will have to wait and see how it plays out. Is it too early to mention getting an early Xmas present from one of my favs. 😜
I sold have my BBB near the last peak. Now I own twice as many shares and am still positive. Nothing more that a large correction. Agreed Impact has been a disappointment. Regardless I have continued to accumulate shares. The stock is at a critical juncture and at risk of breaking down and testing the lows. If it breaks down to the lows or breaks out and up I will buy more as in either instance there will be way more upside than downside IMHO.
Santacruz Silver reports 4th quarter and year end financials for 2022, the halt will be lifted soon, it will be interesting to see how the market reacts. If I wasn’t already in I know what I would do. DT
You beat me to it, haha, good sales but still a loss reported, not an overnight success for sure.
Santacruz Silver may not be an overnight success, but it had a much bigger year than most mining companies on sheer overall growth in almost every category.
These are impressive metrics. I’m open to hearing about any other mining companies that grew this much year over year, so I can also buy them.
>> 2022 Highlights
– Processed 1,646,272 tonnes of material, a 125% increase year-over-year
– Silver equivalent ounces sold of 19,612,692, a 562% increase year-over-year
– Cash cost per silver ounce sold of $17.58, a 10% decrease year-over-year
– AISC per silver ounce sold of $20.05, an 18% decrease year-over-year
– Revenue of $278,594,000, an increase of 422% year-over-year
– Adjusted EBITDA of $11,385,000, a 1,497% increase year-over-year
SCZ is still my largest holding by over 2 fold, increased sales should result in increased profits if they have ironed out the wrinkles on the income statement. It has been frustrating for Canadians to watch it do nothing and be able to do nothing about it for weeks.
Hi Dan, they will still have to report 1st quarter and now almost 2nd quarter financials for 2023, this stock must catch investors interest with the huge production numbers they are now reporting. Look out when the price of silver hits 30 bucks! DT🤩😜😍
Good points, I have to hold on for dear life, btw BBB is prolly another one to hofdl.
I am mainly in SCZ, PGE, BBB, SIL, and Baytex, BTE. I have limited my under one dollar stuff for now…
Santacruz quick glance:
Here is what they say:
Production: Increase
Cost of Goods Sold: Decrease
Price of Silver on Sales: Decrease (whose fault is that)
Revenue: +422%
EBIDA: + 1,497%
Added: Looks to me like the OTC has to help some friends with their short positions.
Yeah, the trading in the OTC for Santacruz has been wild while the main ticker is halted.
I’m very curious to see where things will settle out once the main ticker SCZ is unhalted soon.
I wonder if the Venture will go into sympathetic convulsions and delay lifting the Halt while the OTC is able to gather up their cheese and wine and put it in the picnic basket before the storm starts on the festival in the park.
I added a few I-80 while no one was looking … and then a couple of Surge Battery while a bunch were also buying.
Added: I more than doubled my position in SCZ before earnings reported. Now to see how they handle things for the serfs.
PM stocks are of no interest to anyone but a few delusional people (I include myself in this fringe collective). There are just WAY too many other alternatives to trade volatility in Gold and Silver. The obvious goal for wealthy traders (are there any actual investors left?): Create volatility. Then amplify with (1) “social” (2) “newsletters”, and (3) “chartists”. Finally, scrape money out of retail accounts at the swing points. Wealth transfer completed ! ! !
I have stepped away, and watching it happen has now become predictable and boring.
By the way, Bitcoin is now irrevocably connected to mass fentanol deaths, despite the claims of the BTC enthusiasts. [“Why Elizabeth Warren Is Wrong About Crypto and the Fentanyl Epidemic”]
Bitcoin has ALWAYS been about skirting legitimate laws and violating normal, human ethics.
Oh. One more thing: Read the most recent article in Wall Street On Parade if you enjoy learning about US bank insolvency and FDIC inadequacies: [“The Three Large Banks that Blew Up This Year Were Not Even on the FDIC’s Problem Bank List”]
Thanks for letting me rant, KER !
The easy solution they avoid: “audit The Fed”.
THANKS FOR RANTING…………………… great view IMO……………
The Freaking Fake Fed will never be audited……… the fake govt officials are all on the con job…
That’s my point. They all know where the bodies are buried. That makes them complicit. (Bad Guys)
Mining stock investors are delusional while “sane” sheeple pay 300 times earnings for AMZN and 60 times earnings for TSLA (despite still being down 50% from its 2021 high. I love it! 😂
I don’t own or like Bitcoin but how many illegitimate laws does it skirt?! The number is vastly more than the legitimate ones I can tell you that much.
Right on!
Added: same mentality as paying “protection money” to organized crime.
Buy low…………. sell when the sheeple are pulled in by the wave…. lol…..
Thanks for having “an attitude, too”.
SPY just put in its highest weekly close in almost 14 months.
https://stockcharts.com/h-sc/ui?s=SPY&p=W&yr=3&mn=4&dy=0&id=p52854899278&a=1425775851
Well how about that, the sane sheeple somehow got it right and most likely without having a technical tool kit for more than the past year. Can’t say the same for those in the know.
The sane sheeple are now likely to sell, damn fools.
You’re a clown jony. Sheeple/you buy high and squeal low in all sectors. That’s how it is. Anything they get right is always undone by the things they get wrong.
The week didn’t end the way I wanted it to but the action was still good. The miners held up well considering metals’ failure to add to Thursday’s gains.
Gold has now turned down vs Silver so even if both metals have unfinished business to the downside don’t be surprised if the miners hold up relatively well. A quick dip to the 1910 area (+/-5) is probably all gold needs.
GLD:SLV
https://stockcharts.com/h-sc/ui?s=GLD%3ASLV&p=D&yr=0&mn=11&dy=0&id=p80607920350&a=1425762844