Weekend Show – KER Market QuickTake Replay & Mike Larson – Markets on Fire: Beaver Creek Bullishness For Precious Metals Stocks & Fed Cuts
This week The KE Report Weekend Show dives into two hot topics: Cory and Shad’s takeaways from the Beaver Creek Precious Metals Summit, and Mike Larson’s insights on Fed policy and sector leadership. Both conversations point to one conclusion: we’re in a bull market for stocks and metals… but are we mid-game or late innings?
- Segment 1 & 2 – Replay of the first ever KER QuickTake (posted Monday). Cory and Shad recap the sentiment at the Beaver Creek Precious Metals Summit. An overwhelmingly bullish sentiment – family offices and funds returning, investor meetings up, juniors bifurcating (fast-tracking developers vs. idle laggards), warrants flowing in, gold’s breakout sustaining momentum, and likely rotations toward copper/uranium/critical minerals while watching breadth, timelines, and potential M&A.
- Segment 3 & 4 – Mike Larson, Editor-in-Chief at MoneyShow, joins us to unpack the Fed’s 25 bp cut and dot plot, a steepening yield curve and weakening dollar, and why he favors metals (gold/silver), small & micro caps, and financials. He also highlights the AI-driven capex boom (benefiting utilities/data centers), mining leadership in MoneyShow’s “Best Of” picks with momentum spreading to copper/platinum, policy tailwinds for critical minerals, and crypto’s growing institutionalization.
- Click here to find out about the upcoming MoneyShow conferences
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Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests may own shares in companies mentioned.
IPT found support at the backtest of the big pitchfork resistance/now support that it broke through in June. At the same time, it reached the rising 30 week MA that Stan Weinstein follows like to buy.
https://schrts.co/QYjnhjwE
Huge volume in silver equities across the board on Friday. I bought more HL and FSM.
EXK might interest you. It looks great:
https://schrts.co/tQwUJAMj
Matthew, for my gaining of insight, at your time of Impact purchase, do you already have preset price and quantity targets regarding the future unloading of your IPT holdings? Wondering if you employ more of a standardized/methodical approach or is your selling more influenced by what you are seeing within your charting analysis?
Thanks.
Canuckski, no, I do not have preset price and quantity targets when I buy IPT or companies like it. When trading larger, more liquid companies I am more likely to have a specific target but even in those cases I still tend to monitor and adapt in real time. Unlike the larger producers I buy small caps like IPT for their upside unpredictability when things are going right. For example, NEM and FNV are up 5-6 times since their 2016 lows (over 9.5 years!) but IPT went almost 12 times in 2016 alone and that’s without any noteworthy news.
In a bull market, I resist selling much before an intermediate top unless I have good reason to. You might have noticed that a lot of people keep calling for a top in GDX/GDXJ based on overbought readings but without regard for more important factors. This is how bull markets shake out even the most ardent bulls and recency bias plays a large negative role. We’re so used to the disappointments of the last few years that we sell too much too soon when things finally go right, especially in the most speculative things. From a longer perspective, it’s also way too easy to think that this bull market will be like the 2016 and 2020 false starts. Many have been very negatively conditioned since the 2011 top.
The wall of worry has been strong so far so we should continue to expect surprises to the upside, especially among the juniors at this point. We’re going to see a rotation out of the seniors and into the juniors and it won’t take much of that to send the juniors much higher than most of us are ready for.
For the record, I think silver has massive upside from here ($43) but most don’t seem to agree. Many have already had their targets for the year exceeded and many more, like Jordan Roy-Byrne, think $50 will mark the intermediate top. I do not. So I don’t plan on selling much of my IPT anytime soon.
Zinc recently made a new high for the year after rising 20% off of its April low and the long term outlook is very bullish. That’s great for IPT’s Plomosas property.
Thanks for the response Matthew.
I agree there are a good number of people eyeing silver’s $50 mark and this will, ultimately, influence many trading strategies.
I’ve been thinking about what actions I would personally take as we anticipate approaching that target, so do appreciate hearing your perspective.
Good luck.
R.O. RIGHT ON! Matthew. Is it any wonder with Silver hitting $43 US that’s $60 CDN and soon enough it will be $60 US. Everybody will be piling into the boat soon enough when the sheeple figure it out. Have you ever watched a school of fish when they all turn at the same time. LOL! DT………. PARTY ON GARTH!🤣🤣🤣🧨🫵👍😊😍👌💪🎈
Yes indeed, the school of fish is the right analogy along with a flock of flying starlings which moves as if it has one brain. The human herd is no different just slightly less obvious.
https://youtu.be/X0sE10zUYyY?t=100
Hi, Matthew. Jordan, with The Daily Gold suggested that silver will go to 49 fast and after that 6- 9 month of consolidation. In the reality when the FED is cutting rates, long consolidation looks unreasonable. Thank you.
I still think silver will top well above $50 before it takes a multi month break.
Question for Matthew and anyone who subscribes to Stockcharts.
Have you looked into Larry Williams Starter pack? It costs $795 and those indicators are developed by Larry himself. Wondering if anyone has experience using ’em?
Thanks.
I have no experience with that starter pack.
Thanks for replaying the QuickTake. I totally missed it. You mentioned the mood at the summit what I was wondering about is the demographics aka was there an increase of interest from younger investors or was it still just the same old crowd??? Cheers
Matthew any thoughts on Brixton??? Last drill results got a bit of a volume reaction day of but no price movement at all.
I think it will take better drill holes to buck the corrective forces (from within and without) that were already in play. Until then, it will likely move based on the metals’ prices and the general appetite for such speculative plays. The volume activity looks bullish to me as massive volume has appeared near lows. I added small amounts to my large position last week.
It tripled in 7 weeks following May’s low and topped just as summer began so I’m not reading much into its large pullback.
Loved the way Magna Emerita and Talon traded Friday. All 3 look like news is imminent. Sure you’re happy Lake. You mention Magna and Emerita quite a bit.
Yes. Things look good for all 3 of those stocks, particularly as they haven’t really made aggressive moves yet … only very steady moves. Most of my others have been moving or begun moving over the last month or so.
For years I played musical chairs with stocks trying to swap them around or weight one more heavily over the other, but it was difficult as most of the time, most went down.
Same (good) problem again on the upside as all but a couple of beer money stocks are making really good moves and hard to determine relative weight. Today I put a little more into Canadian Copper and took a few from Excellon and Talon. No good reason but CC has not popped yet and maybe it should. Talon waiting on news and Excellon follows silver and I have a bunch.
Hard to wait. I even picked up some of DT’s Hydrograph and that has moved up 31% in a few days or a couple of weeks as last week sucked except for Friday. Checked and have had it for 10 days.
But yes … I believe Magna, Emo and Talon will be winners (already are except Talon which is suffering take down waiting for drill results and not quality concerns).
I wouldn’t be surprised if the metals and miners continue their run for awhile before they take a breather. It appears the dow/gold ratio will close at a new low this month that it hasn’t seen in years. Then there is not much resistance until it gets down to 6-7. It currently is around 11-12.
When I think about what we’re currently witnessing in this bull market, i think about this: the average precious metals allocation in U.S. investment portfolios is approximately 0.5%. Apparently the Morgan Stanley CIO is now recommending a 60/20/20 portfolio, a shocking pivot from the traditional 60/40. Yup, that’s 20% gold.
That’s a wildly bullish development.
PM stocks are beyond the point of escape velocity and going to go much higher. I won’t be surprised they start trading like NVDA and TSLA. One thing to add Barrick and NEM are not even slightly overbought if one looks at monthly chart.
Check out quarterly Barrick; it couldn’t look better:
https://schrts.co/NxChKWMp
Matthew, Thank you for sharing. Looks great –
Silver is ready to launch versus gold:
https://schrts.co/tiCsBbzB
Monthly
https://schrts.co/edJkXfCR
Haven’t visited KWN in a long long time but this was fun to listen to
https://kingworldnews.com/she-has-been-deadly-accurate-in-her-gold-price-predictions/
Gold, century-to-date is up 1,259%
S&P 500, century-to-date is up approximately 550% WITH dividends.
https://goldseek.com/article/gold-n-sp-highs-all-see
For anyone wondering, I bought a lot more IPT yesterday as it hit .26. I never got filled at .26 but even though the bid/ask spread is half a cent in Canada, I still got several fills at .262, .263, .264 in addition to .265. My guess is that I intercepted market (not limit) sell orders which improved my average. It was by far the highest volume day and week at 4.85M and 16.35M, although Interactive Brokers showed close to 7M shares yesterday, an adjustment that came after the bell.
https://schrts.co/PsnMYYQg