Weekend Show – Doc and Dan Steffen – Metals and Energy – Is It Smooth Sailing From Here?
Welcome to the first Weekend Show of 2023! Since some of the best performing sectors of 2022 were precious metals and energy we are focusing the show here. These sectors were essentially flat on the year but that was much better than everything else.
We hope you all enjoy this Weekend’s Show and please keep in touch with Shad and I. We do our best to follow up with every email we receive and ask the questions you are passing on! Our email addresses are Shad@kereport.com and fleck@kereport.com.
- Segment 1 and 2 – Richard Postma, AKA Doc kicks off the show by simply focusing on gold, silver and the underlying stocks. As always Doc sticks to the long term charts for the longer term investors.
- Segment 3 and 4 – We shift our focus to the oil and gas sector with Dan Steffens, President of the Energy Prospectus Group. We get Dan’s oil and gas price forecasts as well as a number of stocks he thinks could lead the sector in 2023.
- Click here to visit the Energy Prospectus Group website to find out more about Dan service. If you are interested in signing up for Dan’s newsletter you can send us an email and we might be able to get you a discount for an intro subscription.
Exclusive Company Interviews This Week
- Dolly Varden Silver – Cashed Up, Drill Results On Tap, And A Large 2023 Exploration Program
- Thor Explorations – The Douta Development Project Continues To Deliver More Solid Drill Results, Segilola Production Is On Track For Annual Guidance
- Mako Mining – High-Grade Drill Results From The SouthWest Pit, And Operational Update At The San Albino Mine
Doc, I have been holding many small cap metal stocks and am in the red with many of them, are you saying we should sell and wait for a better time to buy? This is money I don’t need and am wondering if I should just hold until they finally get into the black. What do you think?
Pardu, I’ve started to sell some of the bigger cap stocks with this runup but I’m holding on to most of the juniors and lower cap stocks since I’ve purchased some of them at such ridiculous low levels and will just add to them when they come back. An example would be a stock which some on this site seem to love deeply—-Impact silver. It’s had 3 months of higher highs and is up so far this month. The move up has been arduous/disappointing and it’s due for a small correction. When it does, I’ll just add to my low cost position.
Doc what do you think about Novo Resources and Fury?
Thanks DOC for your outlook. If I remember, you were skittish in late Oct.-early November when mining stocks started their up moves. Maybe Mr. Market already sniffed lower oil prices back then and their impact on cost per ounce? Many of these charts have unfilled gaps and I’m certain they will get filled.
One such example is PAAS
Cali, interesting comment about gaps—-it is a very legitimate worry, especially with a stock like PAAS.
Interesting discussion guys, and on PAAS isn’t the gap to the upside so more of an area of resistance rather than a concern to the downside?
I could see some of the producers having better margins this next year because oil prices and other prices have come down some and moderated, while the metal prices are likely to head higher especially in the latter half of 2023, so that should be a boon to producers and to development projects economics.
ARU.V (AUIAF) nice 100% move since Dec 21. Watch the presentations on YT. THANKS DR BARRON for you skill & determination
Thanks for the heads up on that Marty.
That was quite a pop higher recently in Aurania Resources.
Congrats to any investors that caught that move!
These are long term moves. GDX above 50 months moving average and stoch and MACD starting to look positive. Add in poor sentiments for mining stocks, where do we go from here?
There are a number of positive things setting up on the charts for the metals and the mining stocks, so I’m not as convinced that we’ll have one more final wash out.
I think we just saw the final wash out in the fall of last year when gold got down to $1618 and tested $1620ish three different times as a false breakdown under that key $1675 support, before quicky reversing and tacking on over $200 in a month’s time.
The gold miners positive breadth was terrible with a BPGDM reading of 7 in September, and the DSI Daily Sentiment Index reading for both gold abd silver got diwn to single digits at the same time (which we hadn’t seen in tandem in quite some time).
Also Silver getting down to $17.40 was getting a bit exaggerated, so it turned and then rocketed up to over $24 which is a $7 move in just a few months. It closed 2022 in the green for the year. That doesn’t look like a market ready to go down and break down to new lows to me, but I’m open to the thesis that Doc laid out as another potential path, so we’ll see how things develop in the first half of this year.
This week we just had Brien Lundin, Dave Erfle, Jordan Roy-Byrne, and Craig Hemke on the show, and they all feel the bottom is now in for the precious metals, as of the 4th quarter of last year and that there are many technical positives and quantitative intermarket analysis factors and ratio charts stacking up for gold to break out in real terms versus other sectors and asset classes in 2023.
As the Fed wraps up their tightening cycle in the first half of the year, it will be interesting to see the market response when they finally pause, and then let the chips fall where they may.
In the near-term, I think we could see a short-term corrective move to digest the gains we’ve seen the last 3 months in the PM sector, especially if the US dollar starts to rally a bit. However, I agree with the points Brien Lundin made in Friday’s interview, that one should not get too discouraged if we see a digestion move to the downside for a few weeks or a month.
What Can Stop Gold Now?
Jordan Roy-Byrne CMT, MFTA – The Daily Gold – January 05, 2023
“In our last article, we noted that Gold is outperforming everything. It is trending higher and positioned above rising 200-day moving averages when charted against the stock market, bond market, commodities, and foreign currencies. Yesterday it closed at a fresh two-year high against the conventional 60/40 portfolio.”
“To be sure, on a technical basis, nothing will be able to stop Gold when it breaks to a new all-time high. Such would confirm the most significant Gold breakout in roughly 50 years. However, I am more focused on macro-fundamental developments that could stop Gold today.”
“I don’t see anything.”
“Consider the negatives Gold has dealt with over the past year…”
TURNS: https://tinyurl.com/52euebw7
Likely PM Upside Continuation.
NatGas Now Drifting.
GLD is now max-saturated to the 5 level, with higher possible. It is also saturated weekly, and if the current run continues into February will become saturated monthly too, taking it to a rare MS(9). Topping then would fill Doc’s prescription at 1900+.
Thank you for bringing Dan Steffens on. Good stuff !!
Thanks BDC. Yeah, Cory and I are pretty impressed with Dan Steffens services and after having him on the KER show a half dozen times now in interviews, he is quickly becoming one of our go-to thought leaders for investing in the energy sector. He does a great job of picking winners within the oil and nat gas stocks, and I like the different categories he created for dividend stocks, or smaller Sweet 16 groth stocks, etc…
PM Miners strong this morning.
1900+ still in the cards.
NatGas bottom?
GOLD – https://postimg.cc/jDbNj9Xw
Uptrend Resistance Break.
Triple Bottomed.
Power!
https://www.eia.gov/outlooks/steo/index.php
EIA: Short-Term Energy Outlook
Tuesday (noon?)
Gareth Soloway is very bullish on gold , being one of the best traders I will go with his call instead of Docs, he does. Or see gold having a big pullback
Fascinating to watch the gold and silver relationship right now. Gold is currently up for this month while silver is down.
Thanks Doc you confirmed my thinking of a pullback to wash out bulls before next gold bull really takes off.
Remember don’t fight the fed, don’t fight the bullion banks they are very powerful and won’t let any bull start to get legs until they want it too.
I believe that The Federal Reserve directly loans money to the brokers for margin accounts. A member bank would not be allowed to use money for speculative loans or for the purpose of maintaining speculative loans for securities, that doesn’t mean they don’t do it but the lender behind the banks is The Federal Reserve and without The Feds nod it couldn’t take place. It is no wonder that they held interest rates low for so long, they knew that margin accounts are a great way to stimulate the market but now with the bubbles imploding the margin accounts could easily be The Black Swan that brings the market to its knees. The cry heard loudest shouldn’t be “Don’t Fight the Fed”, but rather “Blame the Fed”.
Gold Continues to Climb a Wall of Worry into 2023
David Erfle – Friday January 6, 2023
“After two years of consolidating huge gains made during the early stages of the pandemic in 2020, the gold price comes into the new year climbing another wall of worry. Gold’s time-tested role as a safe-haven returned in late Q4 2022 and has been carried over to January with investors seeking shelter from what has been forecast to be another challenging year.”
“To begin 2023, Gold Futures have risen towards its next resistance level at $1880 after a Ukrainian strike on New Year’s Eve destroyed a temporary barracks in a vocational college in Makiivka…”
“Gold has historically performed well during periods of severe economic stress, geopolitical risks, and stagflation. All of which the world is expected to experience in 2023, heightening investor uncertainty that will likely keep the gold price elevated.”
https://mailchi.mp/7701a1b4ba40/david-erfle-weekly-gold-miner-sector-op-ed-1601545
GDX finished the first week of the new year up 10% with closes above the 50 and 200 week MAs for the first time since the first week of May but cyclically the current setup is like January 2019 when those MAs were recaptured after a correction and a weekly death cross. Next week will be the first full week of the year and volume should be much better for that and other reasons.
https://stockcharts.com/h-sc/ui?s=GDX&p=W&yr=5&mn=0&dy=0&id=p19279720726&a=1324461651
Bullish engulfing candle and 50% Fibonacci fan breakout for the good-looking Cdn$…
https://stockcharts.com/h-sc/ui?s=%24CDW&p=W&yr=3&mn=1&dy=0&id=p97317065652&a=1255108996
SILJ waited until yesterday to confirm the other ETFs and took back the 61.8% Fibonacci fan support/resistance that gave way at a much higher level last April.
https://stockcharts.com/h-sc/ui?s=SILJ&p=W&yr=3&mn=11&dy=0&id=p86308866009&a=1324106689
It closed against important speed line resistance but I bet it will easily take it back next week.
https://stockcharts.com/h-sc/ui?s=SILJ&p=W&yr=7&mn=5&dy=0&id=p33316424798&a=1163055772
Silver has been trying to get through important rising fork resistance for the last month which is a show of strength that didn’t exist when it topped at fork resistance in March. Back then, it tapped it once and then never got near it again (red arrows on the following chart). There’s no guarantee it will break through it very soon but after a month of relentless testing while making higher highs it should be easy to see why it very well could shoot higher before taking a real break. The weekly MACD and STOs are perfectly friendly to an imminent breakout.
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=W&yr=5&mn=11&dy=0&id=p07246336442&a=638471406
I said the following last weekend:
Considering silver’s rise so far it’s easy to think that a significant pullback is now likely but it’s worth noting that it has refused to fall from the rising fork resistance that it first hit 3 weeks ago and is not even close to weekly RSI overbought. Looking at the whole picture including the monthly and quarterly charts it’s easy to see how it could continue higher from here before finally pulling back. Whichever path it takes, I think the silver miners will finally outperform.
——————————-
As expected, silver did pullback 6% intraweek and the silver miners are now outperforming. In fact, silver and SLV both fell this week while SILJ gained almost 8%. The bullish writing is on the wall (and has been for many months if you know what you’re looking at!).
This is interesting:
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=W&yr=5&mn=0&dy=0&id=p41131299811&a=1199723462
Also last weekend, I said:
The week that just ended failed to provide the clarity I was looking for but the coming week is sure to. For now, both the bullish and bearish short term potential remains alive. If Tuesday brings a decisive drop then the short term (1-2 weeks) drop that some have been talking about will be extremely likely to commence. It is likely to be a very good buying opportunity even if it turns out to be a shallower drop than the bears/bearish bulls expect.
The dollar could easily surprise to the downside and is heading lower whether it bounces very soon or not.
————————————–
As expected, we got clarity and the USD surprised to the downside in a very bearish manner (and right from a fork resistance.
https://stockcharts.com/h-sc/ui?s=%24USD&p=D&yr=1&mn=11&dy=0&id=p75266775698&a=1203033284
A very interestingly bearish weekly close for the USD:
https://stockcharts.com/h-sc/ui?s=%24USD&p=W&yr=6&mn=11&dy=0&id=p23112927772&a=470842113
IPT was 75% off its late September low this week (stockcharts is incorrect) which is 50% greater than GDX’s maximum move off its late September low and 80% greater than SILJ’s.
https://stockcharts.com/h-sc/ui?s=IPT.V&p=W&yr=3&mn=0&dy=0&id=p84124385780&a=1276216825
Doc mentioned he shorted the conventional market. Why would you short here? Sure it would turn down in future but you’re just paying hefty interest as borrowing cost.
A week old article but put/call ratio still applies. I’m long on SPX, XBI and a few select Chinese equities.
https://stockcharts.com/articles/decisionpoint/2022/12/putcall-ratio-is-telling-bears-936.html
I couldn’t agree more. No annotations are necessary to see that now is absolutely not an ideal time to short stocks. Sure, the SPY MACD is not quite on a buy signal and the 50 day MA was not quite recaptured yesterday but neither of those details or any others makes shorting stocks an appealing risk-reward.
https://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=1&mn=0&dy=0&id=p10085360662
If history is any guide, stocks might be about to fly.
https://stockcharts.com/h-sc/ui?s=%24WTIC&p=D&yr=1&mn=1&dy=0&id=p98445166039&a=1149289618
I won’t be surprised if AMZN starts moving up from here
I agree. Even a bounce could be big with the 200 day MA 37% above the current price.
https://stockcharts.com/h-sc/ui?s=AMZN&p=D&yr=2&mn=3&dy=0&id=p55915334739&a=1311449174
SIL is up over 50% vs QQQ since September but has a good chance of quickly extending that gain before taking a meaningful rest.
https://stockcharts.com/h-sc/ui?s=SIL%3AQQQ&p=W&yr=3&mn=11&dy=0&id=p48588537112&a=1265631973
Well Doc pretty much blew away my optimism – I was running around deploying some Roth cash into Dolly Varden, Liberty Gold and a few others – if he is right that would be a mistake.
Moreover Cory’s question/comment to Doc about companies on the edge is highly relevant. I we have another year of chopping around and possibly testing recent lows I’m thinking most of the explorers will be gone. How can a company that has wandered down to the sub ten cent range raise money? And forget about average investors getting back into this market – that will be gone for a long, long time.
Great guests as always and great insights from the those commenting as well
My only concern going forward with the bullish narrative in PM’s is that there is far too much consensus from most of the guests and fellow commentators here. The masses rarely are right.
Believe it was DT that feels base metals are not a good investment going forward as he felt the EV push will take longer. While I don’t disagree that there will be hiccups along the way,the push by the greens is greater than people realize and the deficits in such commodities as nickel are far greater than most realize. Also the timeline for most discoveries getting to production is years if at all so the deficits will be real. Magna is going to be a nice 10 bagger for those willing to wait for the FNX2.0 gang to do their thing and easily a 4 bagger by the end of 2023 for those who got in at .50 level.
Looking forward to the news flow from Brixton going forward as I expect further results to get us through that .30 resistance. Look forward to seeing where Kootenay and Impact go as silver continues higher.
Also look forward to additional plays that get suggested here going forwards as the ker crew has been firing on all cylinders recently. Cheers.
EVs are here and there is not enough metals. Just buy a copy of Motor Trend or similar car magazine and see “current” and “projected” EV production. They need metals now and preferred from the Free World. Look at the Infrastructure funding programs and what they want to help fund now and what speed. The train has left the station and it might be electric.
Here is an issue: when has Wall Street and Corporate America ever wanted Retail to be ahead of the curve in an economic issue?
Lakedweller2 said: “EVs are here and there is not enough metals.”
You are correct. Frankly, I’m even wondering if there ever will be enough metals. Copper is a great example – one analysis I heard said that we will need more copper than has ever been produced to actually electrify everything. If that is true or even if it is 50% true then Dr. Copper isn’t acting like it. I was another one of those folks planning on buying an EV – I even made wiring changes to my house to install a charger now I am totally off the idea. Slowly the truth about EVs is coming out and they are by and large not carbon neutral. Only in an idealized world where all power is generated by wind, solar or nuclear do they actually reduce carbon release into the atmosphere – in reality during their total lifespan EVs actually cause the release of more carbon into the atmosphere than a modern vehicle with an IC engine would. Personally today, if you care about the carbon issue, a better choice is a hybrid. I now see EVs as status symbols that the masses cannot afford. All electric vehicles do little or nothing to address the carbon issue and may actually make it worse.
Technology has made the mining of lower and lower grades of all kinds of ore possible. The miners of the 1960s would not believe what we call “high grade” today nor would they believe how low our cutoffs have become. So we’re a long way from running out of anything which is why prices are much higher. Adjusted for inflation (central bank counterfeiting) prices are actually at/near record lows for many commodities. Priced in real money copper is 85% cheaper now than it was in January 1971. Huge improvements in mining technology is the main reason.
Copper would have to triple versus gold just to match its 2006 high. If it were to do so while gold itself is doubling copper would have to rise about 6-fold in dollars.
I agree with that assessment. There are undeveloped deposits that hold multi-multi billion ounces of copper, take for example Cerro Casale and Caspiche in Chile. They will probably become operating mines when copper reaches $10/gold at $3000.
I missed an error. Third line should read “…which is why prices are NOT much higher.”
Mike in Albuquerque,
Glad to hear you are involved in Liberty Gold. I have been up to see there Blackpine project in southeast Idaho on two different occasions and it’s a wonderful thing…….now that they are finding good holes down in the lower elevations they can continue there work this winter.
Rod
I’ve had a small position for a while and just started to expand it. The recent “blessing” by Taylor Dart, see:
https://seekingalpha.com/article/4567222-liberty-gold-deep-discount-to-fair-value?mailingid=30126779&messageid=2850&serial=30126779.6183&utm_campaign=rta-author-article&utm_medium=email&utm_source=seeking_alpha&utm_term=30126779.6183
got me thinking about it again. Dart doesn’t hand those out often! Also, when I check over at CEO.CA the hate index is low to nonexistent, their land package seems to be expanding, their drill results are strong+, their projects are mainly in good places and don’t have anything in Peru so it moved back into my “accumulate” group. If Doc is right and the next few months are bumpy I’ll probably buy more on weakness.
Glad to hear you got to visit Blackpine and are impressed. Hope to get there soon – I need to do some roaming around very soon.
Good discussion on Liberty Gold guys. I’ve traded in and out of it a few times over the last few years, but decided to get a position-trade going in it again last year in a few tranches in the summer through the fall. My position has rebounded up into the green over the last few months, after Liberty Gold bottomed in late September, in tandem with most of the quality mining stocks in the PM sector which have rallied the last 3 1/2 months.
Liberty Gold fits nicely into the category of “beta plays” like the ones I’ve been talking about with Erik Wetterling in prior interviews, where they have done a good job of derisking the projects and defining quality ounces in the ground, in a good jurisdiction, that will have nice optionality to rising metals prices. As metals prices keep trekking higher and inflation keeps moderating, this will positively impact their project economics in a substantial way.
I’m in it now as a position-trade, instead of a swing-trade, because I believe the exit strategy will either be a substantial rerating higher for their ounces in the ground in the next big leg of the bull market, or a takeover offer from a larger producer to scoop up the project. Ideally both would happen in sequence, a rerating higher in the share price and market cap for what they’ve already defined, and then the takeover premium from one of the big boys as the icing on the cake.
As Rod mentioned, they also still are finding more exploration upside, and this was something Joe Mazumdar was animated by when we spoke to him last year — the ability to keep growing the project and resources with the drill bit.
It boggles my mind to think of the amount of copper electric vehicles will require from power stations to the end delivery of businesses and homes. All the transmission lines from the existing power stations to end users will need to be upsized to carry all that extra juice, not to mention all the new power plants that will be needed to be built, and their subsequent transmission lines to handle all that load. Then there are 113 million homes in America that will require substantial re-wiring, and some are inadequately sized services. (100 Amp to 200 Amp). Not to mention all the businesses commercial and industrial and the charging stations on the highways. Then there are huge copper components in each vehicle. It is a ridiculous notion that China, The US, India, Europe, Brazil, and all the other nations of The World can join the green agenda. Electric vehicles are not practical for the masses as we know them today. That amount of copper cannot even be conceived let alone produced, a technical breakthrough must happen for electric vehicles to become a reality.
Copper is also needed for huge industries that aren’t involved in EV’s, I think investors here should see how short sighted the green agenda is for even the next 40 to 50 years using today’s technology and if there is a breakthrough, we don’t know the kinds of metal that will be required.
Yes DT most of us see the flaws but the bottom line is the agenda will be pushed enough that there’s money to be made. Magna on the nickel side is a prime example. There’s even talk of getting govt funding as they want secure sources for their agenda. Rational thought vs govt agenda???? I’ll invest based on the supply shortage that’s coming from the agenda. That’s my rational thoughts. Lol
Good discussion guys on the disconnect between the insane amounts of new copper production that will be needed for the EV saturation to get anywhere close to the penetration and adoption levels in society that keep being trumpted, and the reality of the actual foreseeable copper production.
DT I completely agree that this process is going to take far longer than projected to get all the dwellings retrofitted, all the gas stations converted over to charging stations, all the wiring that will be needed to be installed and or upgraded, all the updates to the power grid to be even able to handle all that extra demand, and so many other inconvenient truths like where the power generation is going to come from (coal, nat gas, uranium, hydro, wind, and solar are barely cutting it for power general as things are presently).
However, as Wolfster pointed out the policies being pushed and trend in industry can still be one’s friend whether it logically all makes sense or not. Industry is going to need more copper, nickel, lithium, cobalt, graphite, manganese, silver, iron, tin, lead, etc… for all this electrification buildout, electric connection points, batteries, vehicles, solar panels, etc…. and companies that can provide key sources of these critical minerals with well endowed deposits that will be economic to extract stand to benefit greatly.
As for the governments of the US and Canada chipping in helping over the next few years with the capex needed for feasibility-stage nickel projects (like what we’ve seen with Talon Metals), there are a few companies we’ve talked with like FPX, Magna, and Stillwater Critical Minerals that believe that they have a good shot of qualifying as they all continue to advance and de-risk their deposits. As a heads up I’m trying to get Magna on the show early next week to discuss their recent drill results, and we’ll likely be getting both FPX and Stillwater on the show in the near future as well.
Shortsighted does not mean they will stop going forward. Look at all other issues that have been made political over years and years like gold being an archaic relic. Government and corporations live in the near term and foster self interest. Look at all the intervention and market rigging … has anything stopped that?
Hecla sure looks good and I have quite bit of it…
https://stockcharts.com/h-sc/ui?s=HL&p=W&yr=3&mn=0&dy=0&id=p10837015628&a=1324923309
Matthew if Hecla would only get a Canadian listing a lot of resource investors here would love to put it in their Tax-Free Savings Accounts. It would be a boon for them as well.
+1 Matthew. I’ve got a nice allocation to Hecla, as well as Coeur, for solid mid-tier silver/gold/base metals producers with a lot of North American exposure.
In the discussion earlier this week with Nick Hodge, it was nice to hear him mention he a had (HL) in his
longer-term holding low-risk portfolio.
Looking forward to seeing where some of these silver producers go when Silver breaks up through the $30 ceiling in the next year or so.
Polszar says Fed to restart QE by summer 2023. That should be gold/silver/miner positive all else equal. Perhaps buy rumor and we sell the news.
Fed funds futures currently have rate cuts projected for Q4 of this year, but it is entirely possible that they start QE prior to cutting any rates. From one standpoint one could say they are already back in the bond markets buying T-Bills and “providing liquidity” which they say is not QE. Yeah…. right… OK. And inflation was only transitory, and they weren’t even thinking about thinking about hiking rates until 2023…. 🙂
Inflation Data, Banks Kick Off Earnings Season: What to know this week
Alexandra Semenova · Yahoo Finance – Sun, January 8, 2023
“A stock market rally to kick off 2023 will be put to the test next week when investors face a highly-awaited inflation reading and the start of fourth quarter earnings season, which will be led by big banks. Thursday morning will bring December’s Consumer Price Index (CPI), a release likely to dictate bets on whether the Federal Reserve raises interest rates by 0.25% or 0.50% at the start of next month.”
The mainstream media is talking about insurrection in Brazil. Unrest in foreign countries. As the international recession deepens, the political and economic dislocation caused by the war in Ukraine is becoming apparent. Insurrections and possible revolutions in various parts of The World add to the general uncertainty and fear and jeopardize foreign investments abroad.
Gold is finished bumping its head at $1850, $1900 is getting close, but it is silver that is now over $24 again, it is only a hop, skip, and a jump and et viola silver will be at $30.
In overseas trading Gold is at $1882, and Silver is at $24.17. Nice!
Yes it is . Ever upward!
Autocratic movements are correlated with fascist ideology. Should it progress as some feel is liberating, then we should be concerned about the location of mining activities as property ownership will become a question. The question is “who is going to own property”. It is obvious up front.
Commodity producing countries getting sick of taking worthless IOU USDs for their real wealth. Now they see the US will simply freeze their UST holdings if they get out of line with our woke ideology. It won’t be a straight line but commodities going to revalue relative to USDs due to this situation.
Had a nice pop in volume on the open then went completely dead. So confusing.
Wolf,
Happy new year! Your wish is my command..expecting brixton to break hard up starting today but more so tomorrow and rest of the week.. .31 will be broken
Thanks Glen. Happy new year too too!!!
I definitely like Brixton to break out to the upside from here. Just found it confusing that 715,000 traded on the open then it went dead silent for quite some time. Trading again so who knows what people are thinking.
CDNX… breaking out IMHO.
https://stockcharts.com/h-sc/ui?s=%24CDNX&p=D&yr=0&mn=1&dy=0&id=p06565139804
HGD, gold down x2 ETF is showing a gold price drop coming… I don’t get why it is up when gold is gold is up unless someone knows something we don’t.
This HGD chart shows the countertrend rally more clearly.
And on the drill result front another banger from magna. It’s looking great to get that 10 bagger at this rate. All I can say about FNX2.0 is 👏👏👏
Chinese stocks flying. Time for gaps to be filled on upside
https://stockcharts.com/h-sc/ui?s=BABA&p=D&yr=0&mn=10&dy=0&id=p80435854281&a=1325464116&r=1673281120083&cmd=print
When casino stocks fly, so does PM mining stocks
https://stockcharts.com/h-sc/ui?s=WYNN&p=M&yr=20&mn=8&dy=0&id=t6585065362c&a=1325467825&r=1673281496761&cmd=print
DOC sold the medical miracles for 40 years in the same convoluted way….even as his patients health collapsed..He sold miracles one after another…..Good sketcher…lmao
Time to go long on stocks, not short. Looks like it’s setting up for a strong rally
https://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=5&dy=0&id=t8485780225c&r=1673284798182&cmd=print
Patrick Karim on Silver
https://www.tradingview.com/chart/XAGUSD/7tCT3mkw-Silver-Rocket-Ship-Defined-Breakouts/
Glad to hear Doc has shorted the conventional markets. My portfolio insurance, UVXY, has been on a rocket ride down