Powell’s Comments, US Markets, Gold, and Oil – It’s important to focus on the big picture
Well it was another interesting week for markets. Fed President Jerome Powell scared investors on Thursday when he reiterated that the Fed is not changing it’s policies. However US markets had a big reversal on Friday and finished the week strongly. Unfortunately for metals investors gold continued to breakdown and the rest of the commodity space broadly started to show weakness. We discuss it all!
Please keep in touch by emailing me at Fleck@kereport.com. I love hear from all of you. Send me any topics you would like discussed, companies you want to see on the show, and questions you have for guests and companies.
- Segment 1 – Mike Larson, Editor of the Safe Money Report kicks off the show by recapping they key points on Powell’s speech on Thursday. We then look at the US markets, precious metals and commodities.
- Segment 2 – Marc Chandler, Managing Partner at Bannockburn Global ForEx is next up with comments from the generalist side of investors. We breakdown the jobs report from Friday, current Fed policy, and how yields and metals are trending.
- Segment 3 – Josef Schachter, Founder of The Schachter Energy Report breaks down the strong bullish move in oil on the back of the OPEC+ announcement this week.
- Segment 4 – We wrap up the Weekend Show with an update from Tier One Silver. Ivan Bebek, Co-Founder and Co-Chairman, and Peter Dembicki, President and CEO, look ahead to the upcoming drill program at the Curibaya Project, the recent over-subscribed financing, and when the listing will happen
Exclusive Company Interviews This Week
- Josemaria Resources – A big step in the permitting process for the Josemaria Property in Argentina
- Eskay Mining – More information on the new targets announced across Company’s land holdings
- Aurcana Silver – Company overview focused on the move to silver production by the Summer
- Bonterra Resources – Updates on the 63,000 meter drill program and 2.1 million ounce gold resource in the Abitibi Greenstone Belt
- Mako Mining – Full scale production starting this week at the high grade open pit on the San Albino Property
- Ridgeline Minerals – How a new high-grade gold discovery by Barrick on land close to the Carlin-East Property will play into upcoming exploration
- Fury Gold Mines – Recapping the initial drill results from the Eau Clair exploration drill program
- O3 Mining – A dive into the 250,000 meter drill program planned at Marban and Alpha
- Heliostar Metals – A new vein discovery at the Unga Property and drilling starting down in Mexico
- Outback Goldfields – More information on the drilling started at the Glenfine Property in Australia
- Aztec Minerals – Outlining the drill programs at both the Tombstone Property and Cervantes Property
yeah lets hope for the best for the current years stocks.
https://www.justcol.com/bank-of-america-headquarters-address-and-corporate-office-phone-number/
You were wrong last few months about OPEC increase and virus lockdowns with oil in upper 40’s and calling retest into mid 30’s, instead went straight up to 60’s.
So all new subscribers sat and watch as stocks went parabolic, now you want them to believe same call on virus and deaths, OPEC etc, your plain been wrong. Oil may correct but you were calling for pullback into 30’s now your calling for retest 50’s big deal. Oil not going back down to below 40 again you missed the call.
KWN……humm what is in store for the next few weeks..months…years….
https://kingworldnews.com/alert-bullion-banks-have-covered-a-massive-number-of-gold-shorts/
Appreciate another week of solid info gentlemen. I wish I wasn’t so busy and had time to be more of a trader with a portion of my money but long term holding of eventual winners isn’t a bad thing.
Glenfidish keep the updates coming. I’m not a fan of hearing the short term bearish outlook but the truth hurts sometimes and things can’t be rosy all the time.
Matthew I’m starting to find myself narrowing my holdings to a more select few with bigger positions……mostly in ones you seem to favour as well. Hope I’m not curse for you.
Now on to a quick summary on my thoughts on a few sectors that I maybe have more to contribute than most. The EV sector has taken a fall from its overbought territory. I’ve changed my view on how to play the sector a bit..I’m no longer interested in any EV makers. Too many players in the sector now that it’s no different than choosing Ford over GM(and all the gas car companies are converting to electric too)…I’m still looking at infrastructure plays and battery technology plays along with the obvious mining side. I mentioned Blink in the past and was waiting for a pullback to get in. It happened Friday. I also found another player Chargepoint that recently went public. I like Chargepoint more now on valuation basis
I found it interesting that my favourite battery tech play has not sold off at all really during the recent market pullback. Nano one should be seriously considered by anyone looking at the battery tech side of things
My favourite sector the cannabis boys. I feel like I got out of the pots at just the right time near the recent top and am glad I mentioned it so I don’t look like an ass…I held only my IMCC which I see Ex joined me on recently..I almost reached a sell for a minor position when it popped on the Nasdaq trading earlier in the week but it never got quite high enough for that to happen. I’m so excited for the spring when they vote on recreational legalization for Israel. That should be a huge driver with it now trading on the Nasdaq. As for the rest of the pot sector I’m hoping for more of a pullback over the next month or two but want to be getting back in before the summer. Still leaning towards the big 4 MSO players but still keeping an eye on red white and bloom. If they keep executing their strategy going forwards they will be one to own as well.
Still waiting for the copper exploration plays to start moving. Kodiak has to be in everyone’s portfolio that is playing the copper explorers. The recent pullback for GSR Resources is a buying opportunity to me and heatherdale is in the same boat but further along as far as firming up their findings.
Keep up the great work guys. Been a pleasure reading up on things. Great exchange of information and positive environment despite the differences of opinions. Even having what appears to be a troll hasn’t brought things down. “Say it ain’t so Joe”…. one of my favourite quotes (white sox scandal I believe) is all I got for that. Cheers
Good thoughts as per usual Wolfster, and thanks for the update on multiple sectors. Yep, I joined you on Friday in IMCC, and agree that Kodiak is a standout in the Copper exploration stocks. Yes, this last week of daily editorials had a great exchange of information from so many new and old contributors, and despite taunting from our new KER blog troll Joe, and a rough week in so many sectors, everyone seemed to keep their chins up and approached the correction in a sensible way based on their unique strategies.
Cheers!
Ex*: Please give the latest a gander when you have the time: https://tinyurl.com/3fjs3ex8
I’ll be working on an Oil sheet throughout the weekend. Thank you!
P.S. MaxSat(7) targets a single bogey date, rather than “plus/minus one day”.
(* … or anyone else here at KER)
Hi BDC – I checked it out and see the high and low Max Stat readings for each sector outlined, but still am not quite sure how to interpret the various readings.
Do the high readings a few weeks back coincide with tops, and the low readings we are seeing this last week coincide with lows and potential near-term changes in direction?
Thanks for your contributions and sharing your system. I may just be a little slow on the uptake in understanding it, but I think once it’s a bit more clear, it will helpful in looking for turns in the trend. Cheers!
Ex: Thank you for your input!
That “STATS:GOLD” Google Spreadsheet is active, always displaying the very latest version. You may see changes (in real time).
Blue Rows represent High Zones (including Tops).
Brown Rows represent Low Zones (including Bottoms).
Bold/Colored text represents current Saturation (enumerated).
MaxSat(7) Rows represent, when occupied, earliest possible perfect MaxSat Dates, where all 7 Factors would be at Maximum Saturation – a Bogey for the beginning of Topping/Bottoming.
(Note that all text for HUI and NEM is natural (not Bold/Colored) and that MaxSat(7) dates are given. These two are now BETWEEN the Zones.)
The bottom line is NOT to pick Tops or Bottoms, but to eliminate that Grey Area, between Zones, where too much trading now takes place.
Working on OIL … interesting!
Thanks for running through the different categories BDC. That helps.
Added Oil: https://tinyurl.com/h3sa9xb7
It will be interesting if some hit MaxSat(7).
Hi Doc,
“Cannabix Technologies Inc is a technology company. The company is engaged in developing marijuana breathalyzer technology. The operations of the Company require research and development of the technology. Cannabix is developing drug-testing devices that will detect Tetrahydrocannabinol (THC- the psychoactive component of marijuana that causes intoxication) using breath samples. These devices will be used to provide detection of THC at a roadside and identify drivers under the influence”
Hey Wolfster, when you have a minute, it would be great to hear your thoughts on BLO.
Wow…..I guess the best way to start my comment on it is to say this still exists????… seems like years ago when I was following this and played it once or twice. Last I remember they were once again running out of cash and were a penny stock again. Honestly haven’t been following it for a while now. My only comment would be if they are cashed up enough again they could have a nice run and if they get to the point of actually getting sales/production would be huge. Breathalyzer for pot is going to be a necessity….I think I might have to revisit it….my two concerns would be cash in hand and competition. They’ve taken so long there must be others now
Thanks for the insight. I was speaking with a police chief friend of mine and we were talking about the challenge they have in charging impaired drivers when it comes to pot. He walked me though three options under consideration, and this one is being tested by enforcement.
Not investment advice.
You did not identify the method or, should I say device, Canuckski
Hi Al,
“Cannabix Technologies Inc is a technology company. The company is engaged in developing marijuana breathalyzer technology. The operations of the Company require research and development of the technology. Cannabix is developing drug-testing devices that will detect Tetrahydrocannabinol (THC- the psychoactive component of marijuana that causes intoxication) using breath samples. These devices will be used to provide detection of THC at a roadside and identify drivers under the influence”
Do you think the Paris Climate accord stinks? I DO, HERE’S WHY:
Please……….Politics in the POLITICAL SECTION……
Wolf, thank I will. Good to hear from you as well..
Jerry thanks for the compliments and keeping all of us focused on the overall picture that this bull is well alive and is going to go to much higher proportions!
Thanks for the weekend show al and Cory..Cory thanks for bringing Rick back, hopefully some day you can get Gary and doc to make up and bring Gary back as well. The three musketeers 😝
Gold update for the weekend!
I will add to bonzo above, I don’t know if the bottom comes in this month or next but it’s coming. There is more pain to come in these miners and more shopping to do a lot further down. It sucks but it’s reality and nothing is painted 100% but we take negatives here at the ker and turn them into positives because we already know the overall trend. We are not fools or your average investor. We have some big big heavy weights in here that have been in the trenches.
I also expect from this bottom to hit the August highs by October/November so timeline now is possible February/March when we break the all time high in gold 2022 the run of the super commodities… It’s going to be spectacular and so just focus more on the monthly candles and leave the day to day to the expert traders. Yes I dab here and there but it is to stressful for me so like I mentioned I will start trimming my short term portfolio that I’m stuck in and begin to trim after that all time high in gold is broken. Basically as we head into the $2250/$2400 region I will get a better perspective but trim I will this time. I don’t want to be trapped again with my intermediate trading.
All the best guys a little more pain and then sit back and watch 🙂
Glen
Thanks again.. GLEN…..for the BIG PICTURE…….
I find this quote appropriate ………(from 321)
To win I just need this to NOT be the first time ever in thousands of years that gold does not do what gold has always done
+1
here is the article….GREAT READ FOR THOSE IN DOUBT………
https://www.thehedgelesshorseman.com/gold/simple-case-for-gold-betting-against-a-world-first-in-history/
Thanks OOTB. The Hedgeless Horseman is a sharp guy, and it’s always interesting to get his take on the market trends.
Glen,never had a problem with Gary at all–he just lost a friendly bet but his exit had nothing to do with that or myself as far as I know. He took somewhat of a beating from some others but I’ve never said anything negative about Gary—I rather enjoy some of his comments although I may not agree with him sometimes. I don’t get into negatives about others; it serves no purpose.
Agreed Doc – you won that bet with Gary fair and square, but that wasn’t why he left. He left due to the constant trolling from Birdman arguing with him and insulting him on the blog, paired with the public feud he was having with Avi Gilburt here and elsewhere, about manipulation versus market action (and no manipulation), and in Gary’s defense, Avi did get a bit aggressive and insulting towards him, but then GS did the same in retaliation. That was the final catalyst in why he parted ways.
Gary told Big Al he was going rock climbing one week, and then never came back… We all asked if he was OK, but then we noticed he was back posting on his site again. He started trash-talking the KER audience (including Doc’s calls, and as an inflationist ripped on Rick A’s deflationist perspective) and then Gary’s forum of listeners really started slinging insults at the KER audience, and things devolved from there… When we questioned Big Al about having him back on, his perspective was that he thought Gary was too focused on pumping his own service (which didn’t really seem it was the case, as he had shared his cycles analysis for some time with the audience here), but the big Owl didn’t want him coming back. It’s all water under the bridge at this point….
Personally I still check in regularly on Gary’s thoughts and appreciate his cycles analysis:
Here’s his latest:
> Watching Gold For The Turn
Smart Money Tracker – G.S. – Mar 5, 2021 #TechnicalAnalysis
I think everyone’s opinion is valuable unless they have an agenda to mislead. But, if you think just in terms of the “Scientific Method”, you attempt to control the variables. In markets, the variables are unlimited and often unknown…like black swans. Black swans wouldn’t be Black swans if they were predictable. My point being that we should seek as many opinions as possible and not discount any opinion, in order to form a more predictable conclusion about the future since all the variables are not known, measurable or controllable. The Scientific Method is a guideline but not totally applicable when variables are uncontollable.
Agreed David. Gathering different opinions and perspectives is what a forum of ideas is all about.
This is why I’ve always posted so many different articles, editorials, and technical analysts work (quite often ones I don’t even agree with entirely), because there are insights to be gained from looking at economics, or various sectors, or companies, or charts from different perspectives abd vantage points. If someone is interested in reading, listening, or watching then they can scan on by the post, but others may feel it was the very thing they needed to hear, or that unlocked their understanding on a particular topic.
A wise person can discern for themselves which parts are personally useful, or valid, or helpful, and even in disagreeing can further crystallize their personal views of what is true for them or what works in their modality.
Ex:
We all appreciate your significant contributions helping all of us understand things better!
I have appreciated your comments for alot of years now, Excelsior!
Thanks David and Big Al. I appreciate your comments and insights as well. Ever upward!
My humble apologies. I thought I was in the political section.
Hi Glen,
Great to read your thoughts, and I completely agree with the day trading on miners. I am useless at that.
Question on your timeline of gold price progression back to the highs and beyond. What’s guiding your thoughts behind October/November to revisit August highs? How are you coming to this conclusion? Interested on your thought process and data to determine this.
The government is talking about requiring The Banks to list the names of their clients who own Bitcoin. They claim Bitcoin is being used to launder drug money and probably a whole host of other illegal activities. If implemented it will cause a run on all the cryptocurrencies. It’s better to be out three months early than a day late. DT
It’s only a matter of time before the cryptocurrencies face government regulation and intervention. DT
I would have to agree…….
Just how does any one country stop international cryptos?
There are several central banks looking at the blockchain for their national currencies.
How would such a country choose to ban cryptos, if it has any plan for introducing its own version ?
And who owns the “CENTRAL BANKS”……….
Hi Aetas,
The first thing that comes to mind is rates need to go higher and that’s what finally has started to happen. From a housing point perspective I’m expecting this year and in the next 2-4 years for prices to start dropping as these rates creep higher in the bond market. As all these young home owners who moved in with 2-3 families and are all currently on cerb/project destroy the economy and small business via covid, this is going to put some pressure on gold in the short term while providing us with the housing decline as money well then trigger into guess where? Gold and equities.. Realstate by far is the number 1 sector that has the money “ most” and that is what’s going to truly funnel into gold/miners etc as that side of wealth starts to go down sorry bill 😬
At the same time the chart pattern I’m following closely is exactly doing what I was hoping to would do to validate it. A chart is always good or a pattern is always good until it ain’t. With that being said, we are in a 7 month correction which is a very long one when completing the handle. Originally I told Jerry that the handle needed to come down to that $1500 area you pick the target.. I second guessed myself from my original pattern and followed my secondary pattern which became primary until the right shoulder failed. The old glen would have gave up at that point but back to the drawing board and spent days looking at the original pattern or template and it was bang on. We sometimes need to take a step back to take further steps forward in life and that is applied to everything we do. Trading or investing is no different.
The two most successful tools that I have now which I didn’t a decade ago is emotions are out! I’m not married to anyone trade ever.
Secondly if you do mess up, it ain’t the end if the world. Take a step back blow up the daily, weekly and my best friend the monthly chart and see what or where you went wrong. A great trader makes his and figures it out eventually longer term and short term. A master trader figures it out the same day or night.
I never thought I would be applying mathematics at this point in my life and calculations of all sort.. but Fibonacci/patterns/cycles and cartel keep me always in line and never take my eyes off the bigger picture and that is we will eventually go up.. Think of it as we are at the 40th floor of a 100 story building.. They want it closer to the 15-20 th floor before reset.
Wash rinse and repeat.
Intermediate cycles can last in 3-6 months from there bottom can go even longer or shorter .I’m not a genius on cycles like Gary is but I think he has a good grasp on that. What I do know is I believe we are putting in a daily cycle low if we have not already on fridays close or the Thursday that just pass. But not an intermediate cycle low. That means we can have about 5-9 days up before a serious down into that intermediate cycle low and it’s highly likely from what I see.
If we bottom this month or next which I’m leaning more toward, count 3-4-5 months of upswing from that low and it puts us in the October November region. As everyone knows October tends to mark historic lows as does november.
All the best
Glen
Just a comment……..the handle in a BIG CUP…….can have a 7 month handle….and would not be uncommon….this is according to IBJ….of course the article that I am referring is about 20 yrs. old…… 🙂
IBD….not IBJ….
As long is it is not that murderer LBJ who removed the silver Fromm our coins.
Ha,ha………..good one… 🙂
Glen, I have a yearly chart that you will like. It shows a huge cup and handle pattern:
(must be a “Pro Member” at stockcharts to see it properly)
https://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24%24CPI&p=Y&yr=75&mn=1&dy=0&id=p68300691231&a=915743962
That’s a pretty good rendering of a textbook cup and handle Matthew.
Here’s the quarterly version:
https://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24%24CPI&p=Q&yr=50&mn=0&dy=0&id=p68172145693&a=851796789
The following quarterly gold:Dow chart shows that this would be a perfect place for gold to rise and/or the stock market to fall. The huge Q1 2020 gold:Dow gap has been filled and there’s 3.6 weeks left in the quarter for the ratio to move up and off of that currently slightly broken fork support:
https://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24INDU&p=Q&yr=30&mn=11&dy=0&id=p88289722894&a=733535018
1.9 Trillion covid (joke) relief bill passed in the Senate. Might the PM’S take notice?
The next Covid will be 6,66 Trillion next Year !
Last weekend:
On February 28, 2021 at 7:46 pm,
Matthew says:
Stock market fans should be prepared to take defensive action this week. QQQ dropped 5.1% last week on the biggest volume since March and now has a new weekly MACD sell signal. I think SPY will follow with its own weekly MACD sell signal this week as it did in Q4 2018. Back then, QQQ led SPY by one week and the general stock market went on to fall 20%+/- in less than 3 months.
https://stockcharts.com/h-sc/ui?s=QQQ&p=W&yr=3&mn=3&dy=11&id=p56089820140&a=911426847
— — — — —
One week later, SPY did follow with its own weekly MACD sell signal. QQQ dropped another 5% but managed to finish the week down just 2% and slightly above its 20 week MA. Volume was even greater than the previous week which I still see as evidence of bearish distribution rather than a decline-ending capitulation spike. There are probably still many weeks of negative action to come and I still doubt that there will be a crash. Instead, there will be the kind of action that will keeps hopes and dip-buying alive punctuated by sudden moves lower. Sentiment will be reset through aggravation, not terror.
If SPY closes the coming week materially below about 377, buying put options will be appealing. On the following chart, notice that the power high happened in 2018 at a weekly RSI reading of 92 and the real high (versus gold) that still holds today happened at 2018’s nominal high. SPY fell 44% versus real money in the 18 months that followed and has since come back to within 2% of that high versus gold.
https://stockcharts.com/h-sc/ui?s=SPY&p=W&yr=6&mn=0&dy=0&id=p60213169992&a=675767400
Hopefully non-subs of stockcharts can see the full 6 years of this chart:
https://stockcharts.com/h-sc/ui?s=SPY%3A%24GOLD&p=W&yr=6&mn=0&dy=0&id=p57093961570&a=915633031
Versus gold, SPY could easily fall in a crash-like manner.
Matthew,
What are your thoughts on gold and the miners? I have been in this sector for years and the sentiment is probably as bad as late 2015. Near universal pessimism.
You mentioned earlier that the sector could drop another 40% if there isn’t a reversal soon.
Thanks.
Thanks
Pyrite, seemingly countless observers expect another big plunge and I can see why but am open to the recent low turning out to be the final low. We have now retraced the entire move above the pre-covid peak and it would be typical of the market, especially a bull market, to reverse before the majority expects it to (and those calling for another plunge have a lot subscribers/followers who have already sold in anticipation of buying the coming big plunge).
I do think the coming week will be higher but we need to see power and volume surging and the more the better. If GDX can fly above 34, it will be a good sign. But if we rise lazily and without convincing and obvious bullishness, we will have our sign that the plunge is probably coming. Then I’d watch for GDX to move down to a fork support just below 29. I have to point out that I do not think the apparent big H&S top is legitimate but that could change based on coming price action and the volume that comes with it.
The 40% drop that I mentioned was for ESK/ESKYF. I see now that I should have worded that comment differently. Sorry about that.
https://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=1&mn=3&dy=0&id=p25382013832&a=915654145
If gold is at or very close to a major bottom here, I can see why:
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=9&mn=11&dy=0&id=p92187635205&a=715024205
Every week the commercials are covering more of their shorts in gold and silver—-we haven’t seen these kind of levels for months but it probably is just beginning. Things should look a lot more promising later in the spring.
On March 6, 2021 at 6:43 am,
OOTB Jerry says:
KWN……humm what is in store for the next few weeks..months…years….
https://kingworldnews.com/alert-bullion-banks-have-covered-a-massive-number-of-gold-shorts/
Gold & Silver Prices Falling. Don’t Panic! Here’s Why…
ILoveProsperity – w/ guest Steve Penny (@SilverChartist)
“In today’s video Steve explains what’s going on the precious metals world. He explains why you shouldn’t panic, why this is not precious metals doomsday, and why gold and silver prices are falling.”
Gold Falls But Key Miners Are Strong
Morris Hubbartt – Super Force #PreciousMetals #TechnicalAnalysis #Video
March 5, 2021
Jobs Report comes in well above estimates but …
The Gold Forecast – Gary Wagner – Mar 5, 2021 #TechnicalAnalysis #Video
David Brady: Sprott Money News Weekly Wrap-up – 3.5.21
Sprott Money – March 5, 2021
“Technical analyst market forecaster David Brady joins us for a discussion of the current trends in the precious metals as well as his forecast for where prices will head later this year and into 2022.”
https://www.youtube.com/watch?v=mpjZOPZwpXM
sprottglobal
Bill Holter: Everything Bubble to Bring Massive Systemic Collapse
Palisades Gold Radio – Mar 5, 2021
“Tom welcomes an absolute icon to the show, Bill Holter. Bill works and writes alongside the legendary Jim Sinclair at JSMineset.”
Sugar Rush – Why The Economy Will Run Hot, Then Crash
Mar. 01, 2021 – Lance Roberts – Seeking Alpha
Technically Speaking: Topping Patterns Popping Up Everywhere
Written by Lance Roberts | Mar 2, 2021
https://realinvestmentadvice.com/technically-speaking-topping-patterns-popping-up-everywhere/
On March 4, 2021 at 9:36 am,
Joe says:
Nice bounce today! Weeeeeee…. down we go again.
————————————————————-
LOL clueless. Are you 8?
Consolidating for days…stocks move first. Its priced in.
https://stockcharts.com/h-sc/ui?s=ZJG.TO&p=D&yr=1&mn=0&dy=0&id=p44193662674&a=747269139&listNum=1
The gold-silver ratio fell right to big fork support and now looks ready for a decent bounce (just in time to bolster the deflationists’ wrong views!):
https://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24SILVER&p=W&yr=12&mn=9&dy=0&id=p37588681655&a=576793363
The gold-oil ratio is massively oversold after falling 83% from April spike high. It is now right back where it was at the beginning of 2020 and ready to move up without covid nonsense getting in the way (including covid-related investor psychology):
https://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24SILVER&p=W&yr=12&mn=9&dy=0&id=p37588681655&a=576793363
Wheres this Joe fella and his boom, splat calls? Maybe tomorrow when gold continues its current slide we will see new calls? I love the pot stirring!
Just another statistic in the gold market. 98% lose their money even in a strong bull market. Recent example of this was with the MJ stocks. Fortunes were lost with big dreamers who never even got near the finish line. Some individuals I know lost a significant part of their wealth thinking they were going to get rich they were so certain that this was going to be a home run gangbuster money making deal. How can the warnings be heard and they refused to listened they overpaid for these stocks unimaginably heights of ridiculous evaluations. Unless you were one of the Insiders that were paying a fraction of what their trading for even now YAAAA BUDDY !!!!
Never expected to be seeing a nice writeup on nano one my fav battery play in an article in Forbes about gold by Frank Holmes
https://www.forbes.com/sites/greatspeculations/2021/03/04/record-setting-money-makes-hard-assets-more-attractive/?sh=1ad5ff7c4ef2
When I look at the big picture of what is happening around us it is really an interesting time in American history and indeed in World history. We are now twenty years into the new millennium. We have the forever Wars, The Rise of China, The Trump Years, The Clinton scandals, everyone’s favorite “The Big Bull Market”, The Pandemic, technological breakthroughs that are changing our species and our genome, space travel, race riots, The Red Scare (again) and the rise of socialism in The Western World, the legalization of marijuana, the acceptance of the age of intolerance, massive government infiltration into the lives of the public, and the full out printing of unbacked fiat currency that has trapped everyone in a debt bubble which will change our way of life forever, financially and politically. DT
DT – Yes we are over 20 years into the new millennium and you left out the advent of the Smart Phone that converted the mass populations to zombies staring at screens, the rise of Social Media to broadcast every bit of a fake news, to demonize the Founding Fathers and Dr Seuss books, but then post a photo of what you had for dinner for everyone to comment on, the discovery of dozens of new genders, the disruptive business models utilizing messaging apps for everything from investing (Robinhood, Reddit), to renting places to stay (Air B-n-B), for hailing a rides (Uber & Lyft), or having food delivered (Uber eats, Grub Hub, Door Dash), the rise of Electric Vehicles, the new branch of military (Space Force) and the new $2 bill that commemorates it), the advent of Cryptocurrencies from Bitcoin and Ethereum to Dogecoin and Cryptokitties, and the most downloaded YouTube video and song (with over 8 billion downloads)… Baby Shark.
LOL! Ex, I guess you figured out that I am a square peg living in a round world. DT
🤣🥳🤠🤯🤓🥸😎🤡👾🤖🙈🙉🙊
Most of those guys played for the 55 Yankees.
Haha! Good one David!
As am I, Mr. Tracy. But then again, you have probably figured that out by now!
Haha, well stated Ex! Your observations are a sad blight on society. The common denominator??? The Internet (the irony of stating this using the internet is not lost on me).
Nor on me, ozibatla!
Haha! Yes agreed Ozibatla. The internet is an amazing tool, and like many tools, like a hammer or knife, they can be used to help create and assist, or to disassemble structures or bludgeon someone in the head.
There are many areas of society that are more efficient or better thanks to the development of internet, including some of the companies and industries mentioned above, but there has also been a price to have been paid for so many areas of culture and people’s focus bombarding folks on the internet every minute of the day and night. It’s definitely a mixed bag, and I was just having a little fun expanding on DTs list of the 21st Century innovations we’ve seen, and it was a bit tongue-in-cheek. Cheers!
As for the rise of electric vehicles, or the demeaning of the founding fathers and Dr Seuss books, or the development of the new branch of military, Space Force, those don’t have as much to do with the internet and are simply trends in motion…
The link is very indicative of American Society today.
Of course Mr. Trcy, thank you for your emphasis on this fact.
https://www.youtube.com/watch?v=MsCLgsqsFus
Silver One
CFS, Please don;t link corporate promotional material on Cory’s porttion of the site without his permission. Thank you, Al
I found this interesting, a map of The Newfoundland Gold Belt, and who the players are: DT
Is the downloadable map helpful to you guys? It should be and and for that I thank you Mr. Tracy
Speaking of Gary Savage on the message board today. I wonder how many times he was buying the dips in the stock market last year and lost a lot of subscribers money. I chuckled when President Trump came out and said buy it “”Whack A Trade”” the market DJIA was down a couple thousand points and it just went into free fall from there. ⤵️
Hello Holy Grail,
I have not seen Gary since the last time I was in Las Vegas. I cannot even remember why he is not longer on our radio program. Maybe you have given me a clue. Back in those days I thought he was a pretty nice guy to visit with.
Yes Al, Gary was a lot of fun to listen to above average analysis. Great personality very respectful, sincere and hopefully you get him back on the podcasts. Traffic on the site could jump substantially because everyone likes him.
Al, probably should have also mentioned that Gary did work hard in here with podcasts everyday and he was on the message board religiously so I don’t know what all the bickerings about even Birdman did make some great calls as I remember. Although, it’s been a very long time dating back to maybe 2014 called the very top in gold equities almost to the day.
Lots of repetition here with links to analysts that are wrong the majority of the time no one has even heard of. We are missing some exceptional commentary and analysis in here from individuals that have a lot to offer that should be active on this forum etc. I realize I could be way off mark so just expressing my thoughts.
Holy Grail – Birdman wasn’t a dummy, but he wasn’t that great at nailing any calls, and went on and on with Gary about his Megaphone pattern this, and megaphone pattern that, which was fine. However, when he started insulting the very guests that were coming on the show to share their insults, when he started insulting people’s religious beliefs, starting lying and attacking half the posters on here, and then he even threatened to sue Big Al for doxxing some lady that hasn’t posted here in 4 years, then it was time for tweety to flew the coup.
As for the links posted, they are simply ideas from pundits in the space, and if one doesn’t agree with a particular opinion, it is super easy to scroll on by.
Conversely, if one isn’t familiar with a different pundit on a link shared, that doesn’t mean they don’t have value, and it is ridiculous to assume anyone knows every person out in the marketplace, so that is an odd critique. Do you only want to hear opinions or insights from people you personally know?
It is helpful to get a range of ideas from different types of investors, covering different sectors, from both various fundamental and technical perspectives, and different people learn in different ways, or as mentioned earlier, we can also learn even from people we disagree with, as it crystalizes our thinking more. The more ideas that are shared the better, and if you feel there is missing exceptional commentary that you feel should be posted here, then it is much more valuable to go and post it then and enlighten us, instead of complaining they aren’t posted here. If you wish it was different or “better” then be the change you want to see in the world and share it.
You’re entitled to your opinion Excelsior. I also stated that I could be way off the mark. I just expressed my thoughts that was all. You apparently skipped over it. You’re stating that you have every record of people’s comments like Birdman almost 10 years ago and you’re going to keep condemning demoralizing never burying the hatchet. Suit yourself.
Sure Holy Grail, and you are entitled to your opinions. Where did I state otherwise?
I never stated anything about “having every record of people’s comments like Birdman almost 10 years ago”, so that is not true, and you are not entitled to your own facts. The posts are all still there on the blog from years ago, and we buried the hatchet on tweety many years back, but threatening to sue the show creator, and attacking the guests on the show, insulting priests, Christians, Jews, and Muslims, and lying and fighting with many of the contributors on here got him the boot, and good riddance.
You shared your opinions on the links shared, and I shared my opinions on the links shared. If you don’t like a particular pundit on a link, then it’s easy just to skip it, instead of berating that person. (speaking of burying the hatchet). Again, if you feel there are quality commentators not here or analysis that is missing, then we’d all benefit from it being shared. Pretty simple.
EX……GH……..might be Tweety….. 🙂
Excelsior, sounds like you’re keeping precise records. You’re condemning and never seeming to ever bury the hatchet. We have no reason to discuss it further because you keep insisting on it so there’s no change here. Please, let’s just leave it there. Also, I forgot to mention Gary because you’re keeping good records on him too.
That could be the case OOTB. Not sure who this guy is, but he’s been whining about Bill Holter in multiple of his posts from comments Bill made many years ago and then lecturing me on moving on and burying the hatchet. Ironic no?
Then he brings up Birdman and how great his calls were, when that guy went on for months and months repetitively about a failed megaphone pattern, and expected $963 Gold and disagreed with many of us back in late December 2015 and early 2016 that bottom was in, including him disagreeing with Gary. The turtle lover was completely wrong about all of that, and people listening to him at the missed their chance to load up during the bottoming period. That would be perfectly fine, as all perspectives are welcome, but turned to attacking so many others, started lying about what people said, started insulting the show guests and quarreling with them, threatened to help that lady sue Big Al, and then got really belligerent until he had to be removed. It’s like cheering for some drunk nut-job that gets kicked out of the stadium for punching people in the stands and screaming through his megaphone. Puzzling role model.
I’m more than happy to move on to a discussion that will actually help investors, and as mentioned that’s why so much of my time has been spent for over a decade sharing links and info from articles, editorials, technical analysts, financial pundits, and people sharing insights to broaden investors knowledge; and not sitting around complaining about the links others share, or complaining there aren’t good insights being shared here, or trying to invalidate a pundit because they are not known. It’s amazing when people come on here and complain about how it isn’t the way they want it, and then do nothing to contribute or make it better. Then after tearing down other internationally known pundits, they prop up someone like tweety… truly mind boggling.
Behold !!!
Birdman will make his debut. All the toxic poisonous venom hatred must be disposed of. Time to stop bickering and bury the hatchet.
Salute, Birdman returneth.
Wowzers…that’s crae-crae. If that’s your idea of exceptional analysis and commentary that’s missing here, then I’ll pass.
Moving on…
Excelsior, there was a lot of insightful commentary from Birdman that you wouldn’t find anywhere else and he did make some very good market calls. Fortunately, you’re not the final authority on anything and it’s up to the proprietor owners of this business to make the decisions. It’s inhumane to keep this toxic hatred directed towards any one individual because someone wants to dominate everything that’s being said. Birdman has right to express his opinions and analysis just as much as you do. I’m quite confident that Birdman is more than welcome here and he should have every right to express his opinions as I stated above without any interference from people that want to continue this vicious hatred that dates back years. If and when he does return everyone should be cordial, friendly and give give him the welcome back respect he deserves. The same should be held true for Gary Savage as well because all this venomous hate dates back too many years now and the hatchet needs to be buried permanently. My final word on this is “”good grief have mercy this is unacceptable all this hatred.”” Quite frankly, it’s repulsive.
No hatred here Holy Grail, so enough already with this nonsense. Birdman made his own bad decisions, repeatedly violated the site rules, attacked and harassed many contributors, including Gary and was one of the factors in him leaving. Birdman crossed the line insulting peoples religions, lying about what folks said, threatened to sue the site creators, and became belligerent. That was the real toxicity; and thus he rightly got booted for it. There is nothing more to say it about, and he’s thankfully been gone for years and isn’t coming back.
As for Gary, I was and am a fan, and never wanted to see him go, and would enjoy it if he was contributing here again. As mentioned above when posting his recent gold update, I still check in on his analysis fairly regularly, and have posted it here dozens of times. For now, that’s how it looks like it’s going to be. Time to move on guy.
Excelsior, I see, so you refuse to bury the hatchet even though you said you did and now if Birdman does return there’s no forgiveness after all these years. These incidents, didn’t happen a few months ago or even many months ago it’s been years.
No further discussion because you insist on maintaining your position that unforgiveness is a virtue and a good characteristic. Like I said many messages ago, suit yourself and we’ll let the proprietors of the business sorted out if and when the time comes. I’m not a consultant in this matter.
Let’s just give it a rest. We will both move on.
Excelsior, please don’t defend OOTB Jerry with his fraudulent practices and deceptions. His $50,000 gold unrealistic far-fetched links and comments with nothing supporting the wild speculation unrealistic gold price with a society that would be in shambles there wouldn’t be any prosperity for anyone holding gold. OOTB claims everyone knows it’s a joke or whatever it’s unrealistic. I didn’t know, nobody ever told me and nothing was ever posted in the comments with the links. OOTB Jerry is apparently hanging on to fantasy hopes and dreams for years because he’s locked into his purchase at much higher prices. It’s very deceptive to assume I knew that it was unrealistic he never said anything. I wasn’t supposed to make any comments at all and not express my opinion regarding a $50,000 gold price. Very deceptive. He posted it because he’s excited about $50,000 gold of course you’re holding gold as much higher prices. Stop with the fraud.
HOLY MOLLY …….YOU ARE A LIAR…………
No, you’re still a dreamer posting $50,000 gold. I made some realistic comments and opinions. According to you, that was off limits and absolutely wrong sharing my views of a $50,000 gold price in the future. I’m sorry you feel that way you never told me anything that replying to your $50,000 dreamer gold price in the future was off limits. I don’t know what I’m lying about. Just because I’m not in your fantasy club doesn’t make me a liar.
Like I said…..You can not read….and that makes you twisting the story….LIKE DUH
David Morgan talks to Arturo Préstamo Elizondo of (SCZ) (SZSMF) Santacruz Silver Mining at the SilverInvestorForum
Peter Krauth talks to Bradford Cooke of (EXK) (EDR) Endeavour Silver at the Feb. 2021 Silver Investor Forum
Gwen Preston talks to Glenn Jessome of (SLVR) (SLVTF) Silver Tiger Metals at the Feb. 2021 Silver Investor Forum
David Morgan talks to James McDonald of (KTN) (KOOYF) Kootenay Silver Inc. at the Feb. 2021 Silver Investor Forum
“7 Rigs!” Gwen Preston talks to Michael Konnert of (VZLA)(VIZSF) Vizsla Silver Corp. at the Silver Investor Forum
I think that I know James McDonald from many years ago when I was still speaking at The Silver Summit. That was when it was still locally owned by a couple in The Silver Valley.
He’s been involved in the mining industry and the Silver sector for some time Big Al.
I get the impression from James McDonald, as I’ve listened to him in interviews and on videos for many years, that he is solid guy of integrity, working hard to bring value to his company’s stakeholders, and one of the good guys in the industry.
Then we have Good Ole Bill Holter. Been wrong for decades. Maybe 6 years now reminds me of that one fella that was saying that gold was going to go to $10,000 overnight he had a website everyone was all excited completely hysterical and it was being posted all over the board here. He was a good buddy of Bill Holter by the way. They were both a team and a duo.
He even claimed to have insider information at the Federal Reserve. Everyone believed in this clown dance. That was really entertaining. 🤜🤛Much party and laughter.
Holy Grail,
When I was back into financial commentary, which I am back into now, I certainly remember Bill Holter. Funny you should bring him up.
Yep Al, it was quite a riot around here because Holter was partnered up with another guy that was predicting 10,000 gold overnight and if my memory serves me right even 20,000 something like that and everybody was all excited. Difficult to forget that. It went on for quite a few months. Holter was writing all the articles and the other guy was pitching him on his website and then all the hype he had inside information with the Federal Reserve the board went nuts on here. I wish I could remember his name but is very vague not even a hunch at this point.
Sinclair………
https://www.munknee.com/3k-to-20k-gold-coming-these-pundits-think-so/
$50,000+ Gold
1. Jim Sinclair: $50,000 in 2025 and to $87,500 by 2032
Sinclair has been predicting $50,000 gold for years. If he is right where will we all be ? They’re making plans to inhabit Mars. Everything on Mars is toxic including the atmosphere. But they’ll figure it 💀UT.
Chicom Biden and Trudeau will keep us safe and prosperous in the future. Chicoms love us that’s why our Southern border now is being opened and in Canada is being occupied by the Chinese military to come down through our Northern border.
Nothing to see here !!!!
$50,000 gold eh !!!! That’s it. We will live happily ever after 👨👩👦 🏄🏂💃🕺
HG………I was just answering, what I thought was your question,….
I was not promoting the theme of $50,000 guru prediction…..
Just giving an answer to the Tag Team HOLTER and SINCLAIR….
Sinclair, he’s promoting this nonsense and people are going to actually believe they’re going to have prosperity in a world with $50,000 gold. It’s not the price of gold that we have to worry about is the chicoms. Won’t be able to live with the chicons invasion. Be a lot easier to survive at 50,000 gold. Pick your poison because chicom moment is arriving and they will have no mercy on any of us. Chicoms much rather would execute than take a prisoner than provide for them
HG……….You are going off on a rant……….Everyone with a brain already knows the BS..
You are not telling anyone with experience anything new…..
Agreed OOTB. I didn’t realize posting 1 link to Bill Holter would create such an uproar, and it wasn’t because of he and Jim Sinclair have been pumping $10K-$50K gold prices. The video on Palisades Radio with Bill Holter just popped up in my feed, and thought, dang I haven’t heard from him in a long time, and he’s at least interesting and entertaining to listen to, so I posted it. Again, if people aren’t interested in a post or topic it is super easy to just scroll on by…
EX………I was just trying to help the poor lad out, with his memory loss…. 🙂
Yep, I saw that OOTB. A question was asked by someone, and you simply provided the answer. I haven’t thought about Jim Sinclair in years. Is he still out there circulating and percolating?
Ex……….I swing over to his web site, once in awhile, just to see what is happening….
OOTB Jerry, you’re just offended by the truth that $50,000 gold will not benefit any of us and you should have probably never posted it to begin with if it was just a unrealistic wild speculation. You never mentioned that your comment so how do I know. Rant eh, just stating the facts.
HG……..Can you read, and do you have a brain……
GH….Everyone can read the above, and see where you are off the rails…
HG………ARE YOU TWEETY……….
OOTB, Jerry, apparently I don’t have a brain because replying to you is very poor judgment. Dreamer $50.000 gold You posted it. No scruples. My apologies sorry I said anything.
OOTB – I’m not sure there is any logical reasoning to be had with this character, and he is clearly here just to stir up trouble. Time to put him in the ignore bin, as he isn’t worth the time to respond.
Excelsior, why because of the wild outrageous speculation that gold was going to be $50,000 from the same propaganda that’s been coming out the Sinclair syndicate now partnering up with Holter who has been pumping gold forever and been wrong for decades. When it was posted OOTB never made a comment about it being a wild forecast and is offended by the fact that it’s ridiculous item to even post on the board it’s unrealistic. What’s life going to be like at $50,000 gold. There won’t be one ounce of prosperity and you won’t be able to spend it because this world will be in a complete chaotic nightmare. However, it was posted and I know everyone on this board is not a mind reader including myself nobody said anything and then now being accused of ranting about it I was just stating the facts it’s unrealistic.
You’re being very hard on me for just expressing my thoughts and opinions on a $50,000 gold price
HG………..
You have twisted the entire conversation…LIKE DUH….
OOTB Jerry, you comment “”DUH”” has no value or merit whatsoever. Changes absolutely nothing. Some of your comments don’t change anything especially your degenerate low caliber name calling. Apparently, and regretfully Excelsior took your training wheels off too soon.
Goldupdate!
Thanks Jerry for all your feedback and comments! Always a big thank you for your support and respect towards my opinion the feeling is 100% mutual..
Ex.. thank you for the summary regarding doc, Gary, bird and all that happened. It truly refreshed my memory. It brought flashbacks back regarding that hiking trip. He did never come back..
With that being said again, I urge you Cory and doc did the respect of glen who has been here for a long time, doc has said he does not have any issues with him nor do I. Try and reach out I think he is a valuable piece and the more the better. Like many of us in here, we are strongly opinionated amd type A personality clearly can be seen! But I know talent when I see it and from a cycles perspective he is an asset and I personally like to get more then one persons opinion.
Doc thanks for clarifying your a gentlemen and Gary if you heard doc he has no beef!!it ain’t about Gary or doc or Matt or glen or ex or whoever, it’s about sharing with each other and being in top of the sector. X
With that out of the way, let me say thanks to all who acknowledge my hard work and post and make comments. I bust my arse everyday preparing before the market opens and I share as many of us do openly and honestly no bias.
MAtt thanks got the tutorial on vip and handle lol 🙂 😃
Si still think we are headed down as nothing we can do. My pattern remains valid until it doesn’t and will challenge anyone’s charts. I put myself out there not to discredit anyone but my work is relentless and if I’m wrong that’s fine as I have outlined a plan and either way I win. As stated I’m not purchasing at head levels! If we head lower I’m all in and if not I ride what I got and I’m more then happy . But make no mistake my charts and my work is telling us we are headed up and down this month with high volatility. Next month we are getting crushed.. I don’t mean to scare anyone but non bias pay attention to my current record and don’t fall in love with anything. Emotions aside soon we will get the bottom and head up and you will be saying glen called it or glen was off.
There is more pain to come and don’t get married to what anyone person says do your own research!
Glen
Glen…….As I said, your work is appreciated……
And I for one…..am not betting against your call….
And thanks for the update….
Agreed Glenfidish, the best gift here (on a forum of ideas), are the actual ideas & insights themselves, and sometimes they will not be in agreement with one another and that is OK. Like you stated, “the more the better.”
Everyone that spends time to post something that contributes to learning or sharing insights and information with others, that helps them be more well-informed is greatly appreciated.
However, the ones that only pop on here to insult and demean others for their investment choices, like the new KER troll Joe, just to say Boom Pow everyone invested in PMs is sucker and going to lose money, are not offering any value or insights. Being bearish is perfectly fine, as markets trend in both directions, but it is better to lay out the thesis for why one is bearish, and then this may actually help others. Those that have the bizarre and unhealthy tick of celebrating others losing money, or that get some kind of joy from others suffering, are definitely warped in the head, I could live without them, but it takes all kinds…
Ditto Ex……..I agree 100%
Jerry, thank you!
Would I be shocked if we headed up from here? Absolutely not but I would be baffled for many reasons. One of which doc spoke about and makes total sense. The macd is way to high to go to the place e we need to go to which is the promise lane. Secondly from a pattern perspective I’ve looked across the board and gold needs to come down a bit, it was on high octane lol and it needs to produce that bearish sentiment and fuel to launch us up and it will come.
This coming move for the next 5-12 days will be whipsaw actions for the trading boys who like to dabble! No thank you 🙂
Volatility this month is going to be extreme only for the expert traders as it will move quickly within the 30 minute chart.
Volume remains non existent as of now for a bottom so I have no confirmation if that.. in the next 8-12 weeks I expect volume to increase dramatically. Remember the shirts want out so manufactured up swings is there way to get suckers in and cover there shirts.
Look at the volume in miners it’s ridiculous we are not close to a bottom yet. We will get there..
Glen
Well here goes, what you guys don’t realize is that Joe is a “bot”, the bots are here and they are coming for The Doctors, The Lawyers, The Accountants, and The Chart Wizards. Rest uneasy all you white collar drones! LOL! DT
Shirt=Shorts
You are welcome Glen……..
DT – That’s funny, and it’s possible I guess that Joe is a “bot”, but he seemed to take joy in gold plunging, and in others losing money that were invested in the bullish thesis. It could be a programmed response, or Joe could just be a wounded soul with issues or and investor that lost money as a prior bagholder, that has now gone negative on the sector.
The key takeaway is that Joe posted repeatedly all week long, and never once contributed anything of value to the community here, and was antagonistic just for the sake of being so = garbage posts.
As this site continues to grow in scope and site traffic, reaching a larger audience, then like any forum, it will attract some new negative nut-jobs and trolls. We’ve all seen it before. We’ve seen them come on for a short period, spout off and insult the contributors here, and then they leave soon thereafter in a blaze of BS.
>> The good news is that we’re also seeing lots of new contributors posting on the different daily editorials over the last few months, that have been posting great thoughts, sharing new insights, and asking great questions. This is quite encouraging to see the new constructive contributions and posts, and despite the sour sentiment in the PM sector at present, it is quite encouraging that there are still many good ideas being and a larger audience participating.
Ever Upward!
Thanks Glen. Appreciate what you do!
Thanks Glen!
OOTB, Jerry, apparently I don’t have a brain because replying to you is poor judgment. Dreamer $50.000 gold You posted it. No scruples. My apologies sorry I said anything.
GH…..You need to reread the above…..
I can not help you , if, you can not read…..I think EX, explained it to you….
You have insulted about 5 people since your short stay here…..Grow up…little one…
OOTB Jerry, 5 that many and who are they by the way can you list all the names. I’ve been called every name in the book and been cordial with everyone.
Those are all false claims and I’m going to place you on ignore because there’s no use discussing any matter with someone who is malicious. All my comments have been respectful. I have my defense and we’ll just leave it at that. I’m sure you understand divine intervention.
HG….you’ve been called every name in the book?????…. seriously?????……add king of hyperbole and revisionist of history to what was a short but ever growing list
Wolfster, rolls right off my shoulder. It’s worth noting because of the source that’s coming from though, degenerate low caliber individuals who are nothing but false accusers. That’s their only defense is name-calling because they’ve run out of alibis and excuses.
OOTB Jerry, Holter was partnered up with another guy not Sinclair he had nothing to do with it this was after the fact few years later. I can’t recall the guy’s name though so that’s what I was saying on the blog dates back to like 2014. If you read my original post I said 6 years ago Holter was not partnered up with Sinclair at that time.
Unfortunately there’s a lot of confusion here because I thought you were promoting Sinclair not thinking that you were aware of the other guy because had nothing to do with Sinclair.
If you read the original post above where Al replied to it this other guy that had a website was promoting Holter with his articles I’m sure you remember and then he had inside information with the Federal Reserve and the price was going to go up almost overnight to $10,000 possibly $20,000 an ounce. Something like that …nothing like that would come out of Sinclair.
The numbers are not matching up because I said $10,000 to $20,000 an ounce. That was not in your post your number was astronomical at $50,000.
I thought you were promoting Sinclair. I know who’s Sinclair is and the other guy’s name I couldn’t think of but it wasn’t Sinclair. You should have been more specific in your post because you didn’t say this is a complete joke all these numbers out of Sinclair.
Regardless, I had every right to make comments regarding the ridiculous unrealistic price for at 50,000 gold because my eyes lit up. Sinclair’s been pitching this for years but it had nothing to do with the other guy absolutely nothing that was a whole nother partnered up deal with Holter.
You guessed wrong. Just have to bury it I don’t know what else to say. 2014 Holter was not partnered up with Sinclair 6 years ago. I thought you were aware of the other guy. I never said anything about $50,000 gold. $10,000 was the number not $50,000.
You want some of you blame, then blame us both. I’m fine with that.
No.. I think ….you could have said.
No ,it was not Sinclair, and it was another person….and that would have ended it….
But, you proceeded to go off.
Further….Using “US”…to equally share in your original rant of Sinclair, and trying to tie me with the statement of Over exaggeration of $50,000 gold ….
Well, …I will just have to think about “US” sharing the blame.
OOTB Jerry, unfortunately if I had a known that you didn’t know I would have said it’s another guy but I didn’t know that. Complete misunderstanding. I wasn’t speaking of $50,000 gold. Besides, why did you overreact to my realistic comments about a wild speculation of $50,000 gold and Sinclair’s been doing this for years. Your reply was, we all know and you’re not telling us anything very arrogantly. Instead of saying it’s a wild speculation and Sinclair is way out of order here. I agree. No, you didn’t say that at all.
Next time be more thorough with your comments on your original postings to avoid misunderstandings. This would have never happened and we’ll leave it there.
It’s best, because I’m trying to be very honest about all this and I didn’t have to come forward at all. I replied to one of your posts it was very concerning and quite frankly disturbing and you never did answer so let’s just move on. Lastly, I’m sorry it happened. Completely unintentional and innocent on both our behalfs. Stop throwing dirt around.
THE END……………. 🙂
🤝 It’s a deal bro. 🍻 Warriors and friends to the end.
🙂
OOTB Jerry, you comment “”DUH”” has no value or merit whatsoever. Changes absolutely nothing. Some of your comments don’t change anything especially your degenerate low caliber name calling. Apparently, Excelsior took your training wheels off too soon.
Give it up…HG…..
DUH….has merit, when dealing with individual like you….
OOTB Jerry, does your degenerate low caliber name calling have merit ? No, because you don’t see Excelsior doing that. He has integrity, where you don’t. Unless that changes I’ve had no problem with my conversations with Excelsior.
GH….Low caliber…..humm…..
I never said, really, what I was thinking.
You really, need to look up “integrity”….and see if, it applies to you….
You have some really, good tricks,…I do think you are the BIRDMAN….
I apologizes to everyone that has had to listen to my defense.
I apologizes to all the PEOPLE TRYING TO MAKE MONEY HERE.
OOTB Jerry, tweet tweet. Regardless of what you believe Birdman’s more than welcome here. I don’t think that proprietors of this business have a problem with it. As long as all the conversations are peaceful no one’s going to complain including Excelsior. Everyone could get along past all our expectations. It’s been a very long time, and time heals.
There you go again………Twisting and turning….
OOTB Jerry, thanks, one of my favorite interests was dancing could do backflips and I won many first place competitions. 🤸
OOTB Jerry, see post above. Was mis-categorized.
You want someone to blame, then blame us both. (last sentence typo correction)
GH……….I never mentioned anything about BIRD…….being welcome or not.
THe only thing I said….concerning Bird….WAS I THOUGHT YOU WERE TWEETY……
OOTB Jerry, apparently didn’t see the post it’s the one above it’s very long and it’s regarding Holter and all the misunderstandings and confusions.
If, it is long…….it must be yours……
That’s my only option is to be thorough and avoid any misunderstandings whatsoever.
I did recall the guys first name “””HARVEY””
I can’t believe I remembered that part however I did and the last name was not Wallbanger
I have already……..apologized to the GROUP OF INVESTORS here on the BLOG.
You might think about that..
OOTB Jerry, what are you apologizing for who is damaged or injured by this. Regardless, apologizing is always a sign of a person that is a gentleman who is willing to keep the peace even though they we’re not the guilty party.
DOUBLE ENDING………. 🙂 🙂
A double salute 🍻🍻friends always
Even with a knucklehead like me 🙃
🙂
OOTB Jerry, sorry I never saw your most recent post🙂here. I wasn’t sure to be very honest with you if I was getting the right message THE END. When I saw the other post on the politics forum between you and Al. You said we might be able to be friends. So, I’m saying to myself or maybe he ment The End of our friendship or whatever completely you were done.
I was very surprised by that post over there and I said maybe I got this all wrong.
Now tonight, I discover your post here and to be honest with you it’s very disheartening.
I’m sorry Jerry, I would rather leave here forever if you’re not going to come back. This is terrible. You’re right about everything it’s all my fault and I just screwed up. I will apologize to Excelsior and make it right I’ll leave. Please return I don’t care how bad I look or whatever I’ll take all the blame I don’t want this and I need you to return because I’ll definitely leave forever . You call the shots. I hope you get this message because I much rather have this be my very last post and you return. It’s up to you but I’m done in here forever I don’t want to see you leave here. Sorry for everything and what I caused you I don’t know how it all happened Jerry but it happened and my deep apologies.
When I first heard this podcast Sep 25/20 I didn’t believe what Tom McClellan was saying about gold – “gold cycle bottom around 2025” – that’s the year not $. But I’m more inclined to believe it now; maybe this marks the sentiment bottom.
Scroll down to see charts.
https://www.financialsense.com/podcast/19734/so-far-normal-election-cycle-correction-says-tom-mcclellan
Tom’s comments on gold start at 17:45
Oil: https://tinyurl.com/h3sa9xb7
Date (not BOLD) means ‘in-process’.
Tuesday it may turn. Watching OIH.
I for one am over the sour sentiment in PMs. Please dont let 2020 just be a tease!
I guess I missed all the fun above. I started following Sinclair about 15-20 years ago and he provided a lot of info on trading the PM market as he had been a long time and successful trader and evidently related or worked for Jessie Livermore. He became known as “Santa” for his contributions to his readers. He lost his wife and it appeared to affect his postings somewhat, as it would anyone. His approach to the PM markets this time around was to develop a mine in Tanzania, which he and his family did. He joined with Bill Holder who was a long time broker who shared many investing and political beliefs. Holder was in semi-retirement and became the author for many of the ideas put forth on Sinclair’s site. I don’t have great recall, but I think Sinclair stated $50,000 gold was a possibility but I think that was a projection on based on the Fed losing control and the dollar declining and a hyper inflation event occurred similar to Weimar. That was many years ago and was an acceptable projection based on the parameters of his claim. Sinclair and Holder have been friends of the PM investors and although I periodically receive a post from jsminest.com, it is normally about the progress of the mine in Tanzania. Latching onto a $50,000 gold price as defining the contributions of Sinclair and Holder is a bit unfair and misrepresents their history of writings and discussions. Contributors like those on this site, all the interviews and contributions can be taken out of context and attacking one comment over and over is academically dishonest and of little use to the readers.
Dear David
Well written David. I’ve followed Jim Sinclair since 2007 and I remember well that he predicted, back in the early 2000’s with gold below $300 an ounce, that gold would reach $1,650 by 2010. Which it more or less did. A couple years back Sinclair said that gold would reach $25.000 by Q2 2025. Also, Sinclair exited the 70’s at the very day gold topped. He told me that he was told by TPTB the exact day to exit.
Something else he said in the early 2000s was something to the effect that he believed that there was a different breed of character that enveloped the employees and leadership of Wall Street and described their current agenda was “sociopathic” in nature. I think his meaning was directed at “fiduciary responsibility” and that being a concept of the past. He seemed to be asserting that Regulators have failed to keep Wall Street in check and they now operate independent of any duty to be responsible to the people and their activities are now sanctioned by the Federal Government. For a new person investing in the PM Markets in the early 2000s, I found his openness very helpful and directed my investment agenda down a more realistic path.
Sitting back and reading this one David, I am sharing that these two comments of yours were sincere, fair and reasonable. Good job!
Sinclair’s father was Bert Seligman of the Seligman banking family lineage. The family was sometimes called America’s Rothschilds in the 19th century but I’d bet they were financed by the Rothschilds like Morgan and Warburg. Today, there’s a David Seligman connected to Rothschild and Warburg: https://www.bloomberg.com/profile/person/19187231
On the Sinclair side, I’d bet that Jim’s bloodline contains an interesting history involving the Knights Templar.
Thought for the Day: Nothing new…some miners up and some down with a wash on value. The trend continues.
Price TA guy Michael Boutros on Gold (34:10)
https://www.youtube.com/watch?v=05_U_RoEmy8
Today’s high for the dollar so far was right at important resistance (dashed blue line). 94+ is the implication if it takes that resistance out (and it looks like it probably will based on the oscillators)…
(Chart will update this evening)
https://stockcharts.com/h-sc/ui?s=%24USD&p=D&yr=1&mn=3&dy=0&id=p26246348148&a=557864429
2021 Looks Likely To Be A Great Year For EVs, Especially Li-Ion Battery Manufacturers
Mar. 03, 2021 – Matt Bohlsen
“In 2021 it looks very likely that lithium-ion battery manufacturers will do very well. My main reason for this view is that the entire EV supply chain right now is limited by lithium-ion battery cell production. Elon Musk, Tesla and Panasonic have recently said they have massive battery constraints and have therefore delayed production of several models (Roadster 2, Semi, Cybertruck) due to battery shortages, despite having huge waiting lists (Cybertruck thought to be near 1m waiting list). This also was part of the reason why Tesla has now moved into the battery business. All the major battery manufacturers are now moving fast to grow their production.”
A couple of smaller battery companies that have had nice runs over the last 3-6 months have been HPQ-Silicon Resources, Electrovaya, and Eguana Technologies.
Thanks for all the post and help from above….. 🙂
An article that goes right to the heart of my thesis. Lol…..all that was missing was a mention of my fav battery play and the build out of infrastructure aka charging stations. I realize city folk will be charging at home almost exclusively which is why I like chargepoint more than blink now but eventually for people to drive cross country in EV’s charging stations will be necessary
Lots to think about in the above commentary.
Food for thought:
Investment Markets follow a pendulum-like swing:
-Between Euphoria and Depression
-Between celebration of positive developments and obsessing over negative ones
-Between overpriced and underpriced.
The oscillation is one of the most dependable features of the investment world, and investor psychology seems to spend much more time at the extremes than it does at a happy medium.
-Howard Marks
Let’s hope that our mining stocks will perform like they did last year, find a bottom in March and then double or triple by September. So let it be written; so let it be done!
Texas reached a low on March 6, 1836, when the Alamo fell, but it roared back in April at San Jacinto.