Weekend Show – Rick Bensignor and Doc – Short Term and Long Term Trading Strategies For Markets and Metals; You Want To Pay Attention To What These Guys Have To Say
Welcome to the Weekend Edition of The KE Report. On This Weekend’s Show I feature Rick Bensignor and Doc with a focus on markets and metals for the shorter term trader and long term investor. You will notice a couple sectors the guys have the same outlook on.
Please keep in touch by emailing us at Fleck@kereport.com and Shad@kereport.com.
- Segment 1 and 2 – Richard Postma, AKA Doc kicks off the show by discussing his longer term outlook for inflation. gold, silver, GDX, the US Dollar and bonds. We get into some of the stocks Doc is watching as barometers to gauge interest in the certain sector.
- Segment 3 and 4 – Rick Bensignor, President of Bensignor Investment Strategies wraps up the show by outlining the same trading strategies that he is sharing with institutions. We start with the US Dollar breakdown, move to US markets, a potential rotation trade, oil, gold and copper.
Lots of chromite in S.Africa but not enough electricity to process it.
The Chinese will probably build a nuclear power plant to process it. DT
IPT gained 26% for the week and is now 40% off its low…
https://stockcharts.com/h-sc/ui?s=IPT.V&p=D&yr=0&mn=7&dy=0&id=p26349729945&a=1449622972
Still time to buy more of IPT
I’m glad you said it and I couldn’t agree more. Yes, short term/daily chart it is overbought but the intermediate and long term (weekly and monthly charts) are still in the basement in every important technical way.
IPT is a buy relative to all the gold/silver ETFs.
IPT:GDX weekly:
https://stockcharts.com/h-sc/ui?s=IPT.V%3AGDX&p=W&yr=5&mn=6&dy=0&id=p61692309194&a=1346815677
GDX looks great yet SILJ looks great relative to GDX:
https://stockcharts.com/h-sc/ui?s=SILJ%3AGDX&p=W&yr=5&mn=1&dy=0&id=p35247415399&a=1455770884
And IPT looks good (not quite great yet) versus SILJ:
https://stockcharts.com/h-sc/ui?s=IPT.V%3ASILJ&p=W&yr=5&mn=1&dy=0&id=p27717517795
When IPT was still above 30¢ on it’s way down, I entered stink bid at 23¢ as I could see there are plenty opportunities for 70% gain. But being the world’s worst trader, I cancelled the order, thinking WPM is more suitable for longer term holding. WPM will be my silver play if I ever buy individual PM stock again. For now I stay with my default nat. resource ETF NANR.
IPT.v : WPM.to 5-year weekly
https://schrts.co/ZkxnbQZn
Without a doubt, all of the best traders around have felt like the world’s worst trader at times. None of us are alone in our screw ups or in your case perceived screw up! WPM IS more suitable for long term holding.
WPM is among the lowest risk plays in the sector along with FNV so it’s no surprise that it smoked IPT during the correction since 2020. It even beat the heck out of GDX which fell by close to 60% against WPM since the highs of ’16 and ’17 and more than 50% since the ’18 high.
https://stockcharts.com/h-sc/ui?s=GDX%3AWPM.TO&p=W&yr=7&mn=11&dy=0&id=p59633054456
During bull moves however, GDX will easily beat WPM and IPT will (should) easily beat GDX.
In 2016 IPT went up 5-fold vs WPM and in 2020 it went up 3.5 fold vs WPM and the odds now look good for an even greater outperformance during this bull run.
WPM has been an excellent buy and hold relative to gold/silver and the gold/silver miners and is a great way to play a long bull market without regard for even intermediate corrections.
Since the 2016 bear market lows GDX is up 174%, IPT is up 186% and WPM is up 397%. It greatly underperforms during the strong moves up but greatly outperforms during the strong moves down and ends up the clear winner for those who like to buy and hold.
√ Thanks Matthew √
This reminds me to take another look at FNV. Added bonus is that it has 25% weighting to energy, which I like.
Now if I can muster the discipline to use some sort of stop loss to avoid months of bag holding …
Watching GROY recently after RR spoke about it, although he said it was fully valued now.
I have to completely agree with your welcoming FNV’s energy components. OIH is one of my favorite ways to play oil and it looks good for much more upside even if it needs a short term correction first to deal with being short term/daily chart overbought:
https://stockcharts.com/h-sc/ui?s=OIH&p=W&yr=4&mn=5&dy=0&id=p62908517340&a=1456204087
I don’t own or follow GROY but technically it’s easily a buy.
https://stockcharts.com/h-sc/ui?s=GROY&p=D&yr=0&mn=11&dy=0&id=p61785272155&a=1456206861
Gold looks good but everything else in the gold space looks better and that’s what we want.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=1&dy=0&id=p21872663956&a=1449196776
HL:SPY found some selling where it should have yesterday…
https://stockcharts.com/h-sc/ui?s=HL%3ASPY&p=D&yr=1&mn=1&dy=0&id=p05858906814&a=1436750110
Silver/SLV had a great week at +8% while IPT delivered leverage to silver of over 3 to 1 at +26%.
https://stockcharts.com/h-sc/ui?s=SLV&p=W&yr=7&mn=3&dy=0&id=p54285979734&a=727972963
I added a few to Brixton Friday as QH still positive on BBB and him saying Crescat’s position is 20%.
I didn’t realize Crescat’s position was that high. $159B BHP owns 19.9%. When a company that size shows interest it’s a testament to the size potential of Brixton’s copper discovery. NEM, the largest gold company in the world is just $36B.
QH mentioned BHP at 20% also. I also didn’t know about Crescat and that was a second institutional endorsement…thus the Add.
#s seem strange. I need to go back and listen to Crescat youtube #128 Friday.
Yep… QH said “ near 20%” for Crescat.
Doc, You think silver will go to $20 per ounce at some point, but what level do you think gold may dip to prior to its rise?
We could see the 1800’s again. Regardless, I’m now a long term buyer. I love the gold and silver charts. The fact that there has not been a large % sell off like 2011/2012 and the chart pattern of the monthly chart ; it talks to the underlying strength to this market. It’s only a matter of time now before we see long term moves to the upside. It may have already started for a few of the PM stocks which you now may see higher lows when they move down. There is so much negativity now and volumes are lousy. Now is the time to get serious with some of these stocks. People are mentioning Impact Silver. I bought a boat load of that stock a couple of weeks ago for $.18. It should trade for awhile in a monthly channel that is narrowing. I love good companies when they do that. It’s then a matter of patience. Just think of how Rick Rule mentioned over a year ago about positions he took and how he will wait for the future move on stocks—and he probably purchased at higher levels while these stocks have gotten even cheaper since that time.
Thanks, Doc
The building theme is “maybe next year”. Been there – done that. I think we need to watch the Brics and the new currency. The Western World has “derivative and lied” themselves into a massive hole of corruption. Greed is a huge Gorilla in the room that few of our leaders can face. I hate mental illness not being addressed. We are being set up as bag holders. We very well may be as we can’t influence markets or computers, much less false narratives. It may give them comfort that they scammed us … but some things are sacred. All of us may go down with the ship, but they will sink to the bottom while some of us will pop to the surface to start anew. Maybe next year.
What a great week for the metals. Looks like we might need a few days of consolidation but hopefully a higher high to end next week. Thanks for the show KER.
Dr. Strangelove-The Ending, We’ll meet again I don’t know where I don’t know when, but I know we’ll meet again some sunny day! DT
Early last November I said that it was 2018 again but better and that has proven to be the case so far. Of course Joe and friends said SELL SELL SELL at that low and every low since. The wall of worry has been strong and remains so.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=7&mn=3&dy=0&id=p56531142689&a=1284031045
Joe isn’t the only one who might benefit from this reminder about the relationship between rising interest rates and gold. Here we have gold and the Fed Funds Rate from 1976 to 1980:
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&st=1976-10-19&en=1980-03-03&id=p38340340731&a=1272855183
Well that did not work at all. I guess stockcharts won’t let us share charts from before about 1980.
Thanks for the attempt. I appreciate all your posts, but I’m not here for several days during the week
Thanks Marty. I’m sure many here would know how to post that chart regardless of stockcharts wishes but my computer skills are minimal.
While the surfs are trying to play by Democratic Constitutional Rules, the politicians and corporations are draining the US Treasury. Different Agendas cause different performance goals.
🎵 Everybody’s gone serfin’
Serfin’ USA🎵
I always did like Perry Como.
Ironically the lyrics to that song were written by Mike Love, though uncredited. He was a cousin and vocalist of other Beach boys. He also was a friend of Ronald Reagan, George H. W. Bush, and at times, Donald Trump.
He also claims not to have gotten into drugs, as other Beach Boys did.
/Es ,in a bear phase/market…sell the first ABC up….The Gartley sell pattern, look it up, will get you into a good sell position…glta
30 minute /ES sell…w stop….the very fisrt gartley sell?…possible…..the last gartlety sell…no…..if so there will be other opps to sell during this week
Same take down again. Still stealing and no other agenda apparent.
Todays algos almost locked from open. Probably take it down farther into close. It has been a “late in day” movement pattern for a couple of months in my stocks and brokers. Not sure, but very possible brokerage firms may be making some markets. End of Day adjustment of my accounts with foreign primary currencies gapping larger. OTC diverging daily trading more so from Cad over time.
Impact: you have to check multiple sources rather than trusting the Bid/Ask price in your brokerage firm system.
Stick with TSX-V info not US OTC Pink Sheets.
I think you are right. I use Toronto to Bid. May not get a buy or sell but it seems like not only does the Bid/Ask change upon making either in an individual account, but if you have time … the OTC prices may adjust to Toronto more in real time. Which goes to say the OTC (Schwab front runs The OTC, so not sure who is the sleaze) may be gaming price constantly which in the old days (this century) was illegal. A new brokerage firm could get a lot of customers if they claimed to have a fiduciary responsibility to their clients instead of milking them.
Lake:
Impact is listed on the TSX-V which stands for Vancouver Exchange not Toronto. DT
DT, the Vancouver exchange close in the 1990s. TSX-V translates to Toronto Stock Exchange – Venture.
Hi Matthew:
What is The TSX Venture Exchange?
The TSX Venture Exchange is a stock exchange in Calgary Alberta. It resulted from a merger between the Vancouver and Alberta stock exchanges. The TSX Venture Exchange also has offices in Toronto, Vancouver, and Montreal.
The exchange has its corporate headquarters in Calgary Alberta, and its operations headquarters in Vancouver, British Columbia with additional offices in Toronto and Montreal. DT
Hi DT, Yes it is headquartered in Calgary and was founded on the day that the Vancouver exchange closed. In 2001, the Toronto Stock Exchange acquired the Canadian Venture Exchange, which was renamed the TSX Venture Exchange in 2002.
Two thoughts:
CNBS announced today that Blackrock the Behemoth Fund, added a representative from Aramco to their Board (Is that an indication of who owns some of The Fed?)
And Yesterday Heliostar was hit downward on no news. Then today they announce some good drill results.
Meanwhile the SEC tries to decide what color to paint the Executive Bathroom.
Despite the majority of my stocks being green, it took them 2 and one-half hours to take it red as is the norm (Schwab) to negate early gains. IB is currently barely green despite 90% being green, with Magna taking the majority of the hit again.
Conrad Black talking about KWG Resources in The Ring of Fire and how vital it is to the interests of The United States and the rest of The World. DT
https://www.msn.com/en-ca/news/world/conrad-black-the-natural-resources-project-that-the-liberals-can-t-be-allowed-to-fumble/ar-AA1dTwL8?ocid=msedgdhp&pc=U531&cvid=8061be4c3b5046a