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Weekend Show – Rick Bensignor & Dave Erfle – Market And Commodity Trends, Where Are The Best Opportunities?

Cory
June 8, 2024

 

Welcome to The KE Report Weekend Show! On this Weekend Show we focus on market and commodity trends and the best opportunities right now. We start with big picture trading ideas with Rick Bensignor, then drive down to opportunities in metals equities.

 

  • Segment 1 and 2 – Rick Bensignor, President of Bensignor Investment Strategies joins us to provide insights on market trends, bond yields, and commodities volatility. We delve into his analysis of the US equity markets, the impact of tech stocks on indices, and his perspective on bond yields and bond market trends. Rick also shares his insights on the precious metals market, specifically gold, silver, and copper, and their price movements in the current economic climate. Furthermore, we explore the potential future of Bitcoin and the implications of its recent price actions.
  • Click here to learn more about Rick’s investment letters for individual traders.
  • Segment 3 and 4 – Dave Erfle, Editor of the Junior Miner Junky wraps up the show by discussing where the opportunities lie in gold, silver and copper equities considering where the underlying metals prices are. The discussion highlights the recent volatility in the silver price, potential investment opportunities in more developed junior companies, and the lagging performance of mining stocks despite strong metal prices. The conversation also delves into copper market dynamics and the significance of strategic partnerships for developers.
  • Click here to learn more about Dave’s Junior Miner Junky newsletter.

 

 

 


Rick Bensignor
Dave Erfle
Discussion
31 Comments
    Jun 08, 2024 08:51 AM

    60% of Australians polled support nuclear power. Hopefully it won’t take long to get the wheels turning.

    Reply
    Jun 08, 2024 08:52 AM

    Is the current pullback in Gold a good time to buy physical Gold?

    What are the technical indicators say?

    How far could the pullback go?

    What price levels are good entry points to buy?

    @DOC: if you are there, would be interesting to get your opinion

    Reply
      BDC
      Jun 08, 2024 08:01 AM

      Also note Marc Chandler’s projection here yesterday.

      Reply
    Jun 08, 2024 08:27 PM

    I’m hoping gold will pull back to about $2150-2200. I’ll be watching the silver price to determine for me when to purchase gold. I believe silver has a good chance to see $27.00 on this pullback. If that happens I’ll be looking at other technicals to determine whether to purchase gold in that window of opportunity. It appears we’re going to be having another opportunity to purchase shares of a lot of these stocks when they pull back. A lot of them shouldn’t be challenging their previous lows and will in all likelihood be forming another trading range at higher levels. The summer months are upon us and we could see a lull in the action. This is a long distance race for the investor and we’re a long ways from the hyperbolic moves for the PM stocks. We should see a stair step bull market until its’ frenetic ending.

    Reply
      BDC
      Jun 08, 2024 08:16 PM

      Doc – Henrik Zeberg foresees that top (get out quick!) :
      https://www.youtube.com/watch?v=EKhqMuRsGvQ

      Reply
        Jun 08, 2024 08:10 PM

        I went into KOLD friday BDC…..Every time frame was either or almost Slow Stoch cross over from real oversold…plus all the other wave stuff and low volume retests…..I am not sure what you are showing w the divergence…maybe you choose a few words…thanks BDC..are you short nat gas now?

        Reply
          BDC
          Jun 09, 2024 09:27 AM

          Larry – I’m awaiting confirmation tonight, tomorrow or Tuesday. Marc Chandler’s Friday comments on NatGas may explain its strength; however, beyond a temporary head fake, if it continues North it could mean that a higher trading range has been reached (all of this in the face of a very strong Dollar).

          The divergence is between a likely Henry Hub NG1 completed trend and the CFD daily, which has so far failed to effectively retest its recent high – after reversing from a mere 38.2% pull back! In a true downturn they will both clearly head South. BDC

          Reply
            BDC
            Jun 10, 2024 10:03 AM

            Should have posted “…between [an apparent] Henry Hub NG1 completed trend…” as it broke higher along with the CFD, which is apparently testing 3.162.

    Jun 08, 2024 08:03 PM

    Took profits in the few green stocks that reached 100%. My account pushed back into the 3 and one-half year channel. Although higher highs and higher lows occurred recently, if next week down again then back to the long term channel. Sold those around 100% as recent trends in 2024 seem to trigger algos when any miner achieves over 100%. I didn’t want to sell as I believe it is premature, but I will have no gains if I don’t. I am developing a “buy again” list in case other 100 % “gainers” should happen pre-Comex failure.

    Reply
    BDC
    Jun 08, 2024 08:11 PM

    https://tinyurl.com/3vnmn3jf
    NatGas Week : Divergence
    Truncated CFD Retest
    NG1 Complete

    Reply
    Jun 08, 2024 08:14 PM

    Here’s my latest article on Substack…. highlighting the value proposition in Dolly Varden Silver (DV) (DOLLF)

    ———————————-

    Opportunities in Silver Explorers and Developers – Part 2

    Excelsior Prosperity w/ Shad Marquitz – 06/08/2024

    https://excelsiorprosperity.substack.com/p/opportunities-in-silver-explorers-8d7

    Reply
    Jun 08, 2024 08:56 PM

    The drip, drip, drip of inflation is killing our economy, everything costs more than double what it did 5 years ago. Food, fuel, rent, the cost of carrying a home, all going up. We get taxed more and more each year by all levels of government. They keep saying they need more money, but they never cut back on their expenditures. In fact, if it wasn’t for government hiring the unemployment stats would be much worse. My property taxes went up 9.5% this year. Now our municipal government wants to add a rain tax. The bigger your property the more rain it will need to dispurse and up go your taxes. This stuff is comic book fiction that has politicians thinking it is a real problem. Many food banks are closing down early because they run out of food. There are 256 homeless tent encampments in Toronto. There are 35 homeless tent encampments in Halifax Nova Scotia, and they have a population of 450,000.

    They claim we aren’t even in a recession; I wouldn’t want to see a depression. DT

    Reply
      Jun 09, 2024 09:52 PM

      that is a lot of tents……….. rent a tent next…..

      Reply
    BDC
    Jun 09, 2024 09:22 AM

    Larry Pesavento on PMs. Excellent analysis from the start:
    https://www.youtube.com/watch?v=YuVT7OYHhL0

    Reply
      Jun 09, 2024 09:43 PM

      Thanks for sharing BDC. Great show today.

      Reply
        BDC
        Jun 10, 2024 10:07 AM

        Glad you liked it. Larry has extensive market experience. Much more than most.

        Reply
    Jun 09, 2024 09:50 PM

    You guys should have stocked up when gold was $600…… hold tight…….. gold going up… no doubt about it…. 🙂

    Reply
    Jun 09, 2024 09:38 PM

    Listened to a number of economic prognosticators today that are increasingly bearish on the economy going forward—-more and more fear a “hard landing” going forward with a very negative outlook for gold and silver—-interesting.

    Reply
    Jun 09, 2024 09:25 PM

    I didn’t think Avi Gilbert would say something so ridiculous. In a current article of his Avi wrote:
    “My friends, at some point, one has to open their eyes and look at markets objectively. Gold is not driven by inflation. Nor is it driven by deflation. Nor is it driven by the dollar. Nor does it fall when the equity market rallies or vice versa. Gold is driven by market sentiment.”

    Meanwhile Martin Armstrong asserts that gold is driven by confidence.

    Sorry guys but inflation (of the money supply!) is the reason gold isn’t still sitting at or near its pre-FDR level of $20.67 per ounce. There’s nothing natural about gold rising 100x since the Federal Reserve (a thoroughly Marxist institution) took control of the money 110 years ago. Sentiment is an important short term indicator in all markets but it has its own drivers as well as its own limitations.

    Reply
      Jun 10, 2024 10:11 AM

      He’s gone over to the dark side

      Reply
      Jun 10, 2024 10:39 AM

      In my view, believing gold is driven by “sentiment” or “confidence” does not strike to the core of what is producing that “sentiment” or “confidence”. Gold has been money for centuries and when confidence or sentiment is lost in its’ fiat substitutes, individuals and institutions “sentiment and confidence” shifts to striving to obtain more of the real tangible money. What’s drives that shift in “sentiment and confidence” is the depreciation of the fiat substitute through the out of proportion worthless production of it; the amount or volume of that fiat substitute which we have deemed to be the money supply.

      Reply
        Jun 10, 2024 10:20 AM

        The public in The Asian nations are buying gold from vending machines, in America Costco is the biggest retailer for Gold. The little guy has finally realized what we have known all along, you can’t print fiat currency endlessly backed by nothing and expect prosperity to ensue. It has been tried countless times over the last 5000 years and it has never worked, and this time will be no different. DT

        Reply
          Jun 10, 2024 10:28 AM

          Some of those gold beans bought from vending machines in Asia will have a lead core.

          Reply
    Jun 10, 2024 10:17 AM

    I wonder what ‘Drives’ the collapse of health in Americans?….Confidence or Sentiment…Heavy…ya know?

    Reply
    Jun 10, 2024 10:58 AM

    /NG week came into a high volume retest w perfect symmetry of time….now a retest of the low to set the final low multi year run-up…glta….https://tos.mx/!X2A8wDdo

    Reply
      BDC
      Jun 11, 2024 11:50 PM

      Larry – It may be a top tonight (Tuesday) or tomorrow morning. Before NY opens? – BDC

      Reply

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