Weekend Show – Rick Bensignor and Nick Hodge – A Focus On Commodities And Which Ones Have The Best Upside

August 12, 2023

Welcome to The KE Report Weekend Show! On this Weekend Show we feature a couple generalist investors and newsletter writers to get a handle on where money is rotating as markets have started to show some weakness. We get insights on the key sectors and data that is driving the markets with a focus on a wide range of commodity sectors. 


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  • Segment 1 and 2 – Rick Bensignor, President of Bensignor Investment Strategies and Editor of a couple very good retail focused investment letters kicks off the show by sharing his outlook for markets and commodities. We also discuss how Rick is able to consistently beat the market.
  • Segment 3 and 4 – Nick Hodge, Co-Owner of Digest Publishing and Editor of Foundational Profits and Fonder of Hodge Family Office wraps up the show with a focus on commodities. We start with a quick overview of the macro economic environment. We then move to the energy sector with oil, natural gas and uranium. We also discuss copper and precious metals.

Rick Bensignor
Nick Hodge
    Aug 12, 2023 12:18 AM

    Thanks for the show!

    Aug 12, 2023 12:23 AM

    A quick Update on The Real Estate Market in Canada:

    In Canada we now have infinity mortgages, they stretch far beyond 50 years. They will help avoid defaults today but what about when the defaults come.

    Toronto’s housing market is so expensive families earning $100,000 per year are now eligible for Habitat for Humanity. DT

    Aug 12, 2023 12:19 AM

    Lets see what this egomaniac does in a bear market. What a bore!

      Aug 13, 2023 13:26 PM

      Rick was simply highlighting how he was able to handsomely beat the S&P index over the last 3 years, and providing backstory of his 40 years in the investing industry. He has produced measurable results to be proud of, as so very few investors are able to regularly beat the indexes.

      Aug 13, 2023 13:58 PM

      He could continue his out1performance by shorting the 4/11 he doesn’t like.

    Aug 12, 2023 12:01 PM

    Succinct Summation of the Week’s Events

    Peter Boockvar – August 11, 2023

    Aug 12, 2023 12:15 PM

    The Crucial Message For Investors From The Capital Cycle

    Jesse Felder – The Felder Report (08/12/2023)

    Aug 12, 2023 12:22 PM

    China facing bigger debt bust than Evergrande in just under 30 days. DT

    Aug 12, 2023 12:27 PM


    all the progress of bringing the masses out of poverty…reversed?…in another decade

    Aug 13, 2023 13:28 PM

    Gold Futures Remain in Uptrend with an Expected Fed Pause

    David Erfle – The Junior Mining Junky – Friday August 11th, 2023

    “The gold market did not see much of a reaction after CPI inflation cooled slightly more than expected on Thursday, followed by a mildly hotter-than-expected PPI inflation report this morning. U.S. CPI annual inflation rose 3.2%, up from 3% in June, while PPI inflation for July came in at up 0.3% from June.”

    “Thursday’s July CPI report was slightly tamer than expected, which solidified notions the Federal Reserve will stand pat on raising interest rates at its September FOMC meeting. Traders of futures tied to the Fed’s policy rate now see less than a 10% chance that the U.S. central bank will increase its benchmark overnight interest rate from its current 5.25%-5.50% range at a Sept. 19-20 policy meeting.”

    “They had seen about a 14% chance of a rate hike next month before the tamer than expected July CPI report this week. Traders are now pricing in about a 28% chance of a rate hike by November, down from more than 30% before the release of the CPI report, with higher rates by December seen as even less likely. The Fed’s first rate cut is priced into the futures contracts by March of 2024.”

      Aug 13, 2023 13:13 PM

      The popular view amongst the newsletter writers is that The Fed is in control of the interest hikes they are not anymore. DT

    Aug 13, 2023 13:02 PM

    All the interest rate hikes of the past 16 months have done nothing but shake dumb money out of gold. Has anyone noticed that gold at the moment is up about 20% since last September despite 7 more hikes that took the Fed Funds Rate from 3% to 5.5%?
    Where oh where is that “erudite” Joe to explain such action? Lol

    Aug 13, 2023 13:05 PM

    If the metals take another dip tomorrow but the miners don’t join in it will be another positive sign that upside will soon resume.

    Aug 13, 2023 13:10 PM

    32 percent of GDX stocks are above their 200 day EMA which is up significantly from the sub-18 percent reached the previous week. As you can see the weekly closing lows as well as absolute lows came very close to the lows reached in February and March:

    Aug 13, 2023 13:15 PM

    Here’s the Golden Cross Gold Miners Index with GDX added. Speed line support has held so far…

    Aug 13, 2023 13:32 PM

    After almost 2 weeks of failing the USD did finally close above its 150 day MA but I am much more interested in its behavior around 103.1 and after that its falling 200 day MA.

      Aug 13, 2023 13:02 PM

      Dr Copper needs to take 2 aspirins and call us in the morning.

    Aug 13, 2023 13:54 PM

    Perhaps silver just needed to backtest its recent weekly Golden Cross…

    Aug 14, 2023 14:13 AM

    Took almost 4 hours to work my account red. Another successful Monday (so far) for the bots. Humans lose again. Better go to the stables and clean the Master’s Horse.