Weekend Show – Mike Larson, Joe Mazumdar and Matt Geiger – Markets and Metals Commentary For The Active Investor
Welcome to a special Canada Day and almost July 4th KE Report Weekend Show!
We are now done with the first half of 2023! The major surprises being the strength of the US markets and US economy.
On this Weekend’s Show we have a generalist comment on the potential of markets strength to continue, a well respected news letter writer looks at development stage companies and the potential for M&A to pick up, and a fund manager shares his thoughts on the nickel market.
we hope you all enjoy the show! Please keep in touch by emailing us at Fleck@kereport.com and Shad@kereport.com.
- Segment 1 – Mike Larson. Editor in Chief at The MoneyShow kicks off the show with a focus on the US markets strength. Mike shifted his strategy for markets at the perfect time to go long and ride the momentum higher. he shares his outlook for markets and metals in the second half of the year.
- Segment 2 and 3 – Joe Mazumdar, Editor of Exploration Insights joins us to focus on potential M&A in the resource sector and development stage companies. We also discuss the copper sector with major gold miners shifting focus toward copper.
- Segment 4 – Matt Geiger, Managing Partner at MJG Capital wraps up the show by shifting our focus to the nickel market. We discuss big news with a private equity firm selling assets, how to value different deposits and if this sector could go through a lithium like boom.
Much appreciated Larry. I just watched that video, and thought it was a valuable perspective indeed…
There are so many common themes with regards to the investor sentiment and psychology and runaway company valuations of prior bubbles in US equity markets contrasted against our present one, that should concern thinking people. Sadly most investors are more emotional herd creatures, following whatever the popular trends are of the moment, right into the tops of most bubbles and then over the peak of the parabola and then back down the other side of it.
What was fascinating to hear was how long (decades) it took average people to recover from the prior bubbles popping when they just left everything in the markets. Sure eventually over the long haul, the markets bailed people out as they eventually rose to new highs, but it often took 15-20+ years to do so. Much better to sidestep as much of those major corrective drawdowns as possible, to preserve wealth and growth potential in ones portfolios.
There are also some key parallels to the prior Japanese economic boom and stock bubble final stages and then aftermath for several decades. Also the points were solid about the potential of emerging markets to greatly outperform general US markets moving forward, and something we were just discussing with Marc Chandler on Friday both on and off mic.
Good stuff, and thanks for sharing it.
Investors in precious metals understand drawdowns of 50% or more that plays out all the time in our segment of the industry but the markets haven’t seen a serious crash since 1929. Oh sure there have been moments where these markets could have been much worse, but The Federal Reserve always came to the rescue. This time there will be no rescue, because of the debt but I suspect as do many others that The Fed will sit on its hands and maybe even withdraw liquidity in the event of a “CRASH” so they can introduce a Central Bank Digital Currency. DT
Interesting monthly close for gold…
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=M&yr=9&mn=0&dy=0&id=t5203262426c&a=1445971004&r=1688246410724&cmd=print
Gold has reached perfectly reasonable levels to mark a bottom. We’ll see…
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=3&mn=11&dy=0&id=p56454007666&a=1445997763
A $100 move up will put gold above resistance based on daily closes:
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=3&mn=7&dy=0&id=p08074696739&a=1446004222
The quarterly chart remains net bullish…
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=Q&yr=50&mn=6&dy=0&id=t2746522568c&a=1141773244&r=1688254535236&cmd=print
The big picture remains extremely bullish.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=M&yr=13&mn=11&dy=0&id=t3677580346c&a=1446010173&r=1688256239853&cmd=print
Has anyone noticed the 321 gold website has changed?
Does anyone know what happened?
It looks like it was taken down, maybe for political views. If it is down due to site maintenance that is usually listed. Bob M now lives in Southern France and there has been a lot of serious rioting particularly in Paris, which now has spread to the countryside, I hope he is safe. If you google 321gold.com the answer you get is the domain hasn’t been paid, to me that could mean anything. DT
Thx DT, true about france and could have issues because of it.
When I google I get gold dealers using 321gold, silver gold bull and others.
I wondered if he sold the address.
I just noticed that Bob M in an interview dated June 29th on goldseek radio was headed to Corsica which is part of territorial France. He might have made the decision that The South of France is just too dangerous for the present with the rioting. DT
Bob Prechter was interviewed by GoldSeek the other day and said that silver is now mostly an industrial metal. A little later Bob Hoye was interviewed by GoldSeek and his take was much better however he thinks silver and the silver miners will greatly underperform gold and the gold miners. Deflationists never learn.
https://goldseek.com/article/goldseek-radio-nugget-bob-hoye-themes-commodity-prices
Thanks for the link Matthew, lots to listen to as well as Bob Hoye. LOL! DT
Yep, I don’t listen to many to much these days!
SILJ hasn’t made a new low against GDX in 2 months.
https://stockcharts.com/h-sc/ui?s=SILJ%3AGDX&p=W&yr=3&mn=11&dy=0&id=p47327983621&a=1408282914
Silver is up 4% against gold since its June 23rd low.
https://stockcharts.com/h-sc/ui?s=%24SILVER%3A%24GOLD&p=D&yr=1&mn=0&dy=0&id=p85326194094&a=1446251316
Silver looks good after testing its 200 day MA and EMA.
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=1&mn=2&dy=0&id=p49674668945&a=1446221394
The 500 day MA and 600 day EMA were also tested.
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=1&mn=6&dy=5&id=p12666874906&a=1031958430
Gold caught a bid at its 150 day MA as well as a fork support.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=2&dy=0&id=p82701771997&a=1316385364
It also found support at another MA and another fork.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=5&mn=0&dy=0&id=p62974384491&a=903805792
Something tells me gold doesn’t “need” to test its 200 day MA like silver did (currently 1860)
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=2&dy=0&id=p32576648520&a=955130748
Off Topic : but what the ____ it’s summer holiday time.
♫ Kitty, Daisy, & Lewis – I’m Coming Home ♫
GDX : SPY doesn’t get a lot cheaper than this.
I was motivated to pull up that GDX/SPY chart while listening to David Lin and Tavi Costa.
Hi Jerry:
I would like you to watch this video it is something that you have understood for years. This video was partially produced by G. Edward Griffin, it is titled, “All Wars Are Banker Wars.”
All wars are CENTRAL BANKERS wars and America’s central bank is completely unconstitutional/un-American.
Hello DT,
Thanks for the post………..
We have been posting , some additional info,….Over in the ORPHAN SECTION,
that the Bankers War, …have been going on since 1150ad(approx),… with the
Knights Templar…..
With all the great info out there, … hard to believe that after all these years,
the sheeple have not figured out the FAKE FED Crap.
DT………..
The tape was excellent….. great overall view….
I would think……….Everyone should be interested in this video……
A lot of great clues exposed,….. the US SHEEPLE, are an uneducated mess.
The BOARD OF (un) EDUCATION,…. is also, part of this SCAM.
larry……………. you should listen to the above tape….
,,,, warmongers and political hacks have sold out everyone
Hey larry……….
go to the 30 min mark…….. It might sound like jimmy talking about democracy…. 🙂
all wars are bankers wars….i savedthat for later….I now get that statement as intended by the author…5 years ago i would have said to myself…what does that mean?…As you know I now understand these categories of knowledge that remain sort of vague for many of the public…the public trying to raise a family and keep a job while are being beaten like a red headed step child….Really evil for these elites to view the masses as mere cattle and tax slaves and worker serfs…I am actually angry about things I have learned…..
My back is out bad after about 6 hours of laying luxury vinyl chit this weekend….Yes, I am taking a Pharma poison called Flexeril to relax the spasm….I never said western medicine was a failure for remedy relief of acute injuries, repairs like hernias and replacements like heatr valves and hips etc….lmao….Soapers make you real relaxed…and I no longer need to crawl on the floor like a G.I. Joe maneuver,,,,,,lol
The soaper is making me tired…Time for a nap!…I hope the close of SPY today is NOT the high…
Larry, you’re angry because you understand the scam. Most don’t, even on the so-called Right.
Larry, magnesium may be a partial solution to your problem. Get a bag of magnesium salt and put a generous amount in your soaker. The magnesium will be absorbed and help repair the nerve endings which are firing in your body and causing that pain.
RSP fund is diverging w SPY….plus, QQEW is diverging w QQQ…So, you see some liquidity flowing into stocks other than the BIG 7…..When managers decide to profit from the big 7…nothing will glue the equity markets together….SMH should/could still put n leg C up in order for the MACD to kiss the average of 9 plus 26 moving average and then reject this advance…patients is necessary….Selling markets is easily twice as difficult as buying….The weekly SMH looks real strong however…Buuuut the weekly SMH has a diverging in RSI reading…So weakness is under the covers…Also weekly shows remarkable weak OBV reading…This move up has been weak and probably counter trend….The weekly does allow for a move above the 11/15/21 high…imho….day chart SMH
https://tos.mx/cC4Z83a
I am starting to see why Schwab doesn’t report on miners when either the US or Canada has a trading holiday.
Yesterday my IBKR account was up. Contrarily, my Schwab account was only reporting on 5 stocks of about 40 in my account, and they offset each other for a $50 loss.
I waited for EOD processing and had a $551 gain…until looking at the bottom 6 performers where price didn’t match any price quotes I could find.
The worst mismatch was Condor Resources. My account showed it down -36.95%. Internal Schwab quotes (not correlated with my account) showed Condor was + 5.95 % for yesterday. OTC Markets showed -3.38% for yesterday. Price on OTC for close was .2805 and Schwab in my account showed close @ .20.
The impact of these discrepancies is why the discrepancies of this magnitude while failing to report realtime prices. Does this indicate that Schwab is making their own markets? Are brokerage firms allowed to make their own markets and determine their own prices.
Now Condor is up at open at + 65% based on the false information on Monday. My actual account has been distorted 2 days based on one fraud. (see above)
Wonderful:
If I subtract the Condor error, my Account Value is – $1.
By one penny GDX gave a 150 day MA/600 day MA golden cross. The last one happened in July 2019.
https://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=0&mn=6&dy=0&id=p00430491483&a=1439658237
The weekly equivalent golden cross uses the 30 and 120 MAs and it happened the week before last:
https://stockcharts.com/h-sc/ui?s=GDX&p=W&yr=2&mn=3&dy=0&id=p09413509130&a=1393635149
valuable perspective…. https://www.youtube.com/watch?v=zT6eOuY7kFk….