Robert Sinn – Talking Technicals And Fundamentals For Gold, Silver, PM Stocks, Copper, and Copper Stocks With Goldfinger
Robert Sinn, (aka Goldfinger on CEO.ca and CeoTechnican on X) and publisher of Goldfinger Capital on YouTube and Substack, joins me to share both his fundamental and technical outlook on gold, silver, the precious metals stocks, copper, and the copper stocks as we roll along into 2024.
We start off getting into Robert’s technical outlook for gold and silver, and then pivot over to some of the fundamental drivers and nuances around investor sentiment here in early 2024. Next we review the lay of the land in different types of PM stocks from producers down to junior explorers, and how he sees them set up in relation to one another and to the underlying metals prices.
Robert & I then wrap up with a longer discussion on the longer-term supply demand picture in copper, the near-term and medium-term setup, and the differences in trading action between copper producers and copper junior explorers and developers over the last few years. Robert shares the types of copper stocks that have his attention moving into this year.
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https://www.youtube.com/@GoldfingerCapital/videos
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On a related note… Retailers like Costco now selling Gold along with people’s groceries…
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You Can Buy Gold Bars at Costco. But Are They Worth It?
Debbie Carlson – Wall Street Journal – 5 days ago
The Gold Rush Is Back — and now at a big-box store near you
Story by Anis Heydari – CBC News – 1 week ago
Napoleon’s Greatest victory in the Battle of Austerlitz! Dt
I enjoyed the interview., Bunch of good, current updates. Thanks guys.
Much appreciated Lakedweller2. It is always nice to get Goldfinger’s thoughts on the markets.
Same algo pattern that has been used for 2 years except in December 2023. All time lows continue as an orchestrated pattern. There appears to be a big push to legitimize crypto …at least crypto that the banks and Federal Gov can easily confiscate, freeze or control. By the blatant intervention, it becomes more and more apparent that there are those that have reached the point that they are “entitled” to the wealth of the people.
Edit: The normal 4-5 green stocks that were permitted (varying) over the last 2 years increased to 17 of 45 in Dec 2023. Since opening in 2024, the number of green stocks (in my account) have dropped back to 8 and they are not necessarily the ones with the best potential.
Here is another stat: I have 2 Australian stocks in my IBKR account and the rest are CAD and USD. The only 2 positive are AUS..
It’s an interesting observation regarding the Aussie stocks. Many of the Australian gold stocks have had more interest from investors there, better trading and liquidity, and have been marching to the beat of their own drum, compared to North American gold stocks.
All of my Canadian stocks are up except one which is neutral and one that is down 12 %. I have no complaints in fact I can see a lot of green today. DT
gdx is looking ready to harvest again…The dream move by dollar would be a pop tomorrow in order for positioning …imho
the low of the breakout bar on 12/13/23 is at/close the .382 retracement of this daily full move…glta
tap button twice due to glitches…nope….shcwab must be playing w their new think swim platform….
day gdx targ= 183.74….must buy if you believe technicals have any meaning…..
day gdx…maybe it posts….https://tos.mx/JOOYfCp
gdx first targ correction=28.18/.382 retracement …2cnd target = 27.67 the 240 minute gartley butterfly
day /GC target…2008……https://tos.mx/g6IanMb
double enter…ti loads second effort
I had already posted this on the weekend show thread, with regards to younger generations of Chinese starting to get busy stacking real money via “gold beans.” However it was mentioned again in the interview with Robert up above, so just reposting it here again for reference.
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‘Gold beans’ go viral among Chinese youth, have you purchased them?
DotDotNews
“Chinese younger generations have recently developed an appetite for yellow metal: gold products. Unlike previous generations who craved golden items in a larger size, such as bullion, these young consumers particularly endorse “gold beans (gold products that have a small weight or size).” The relatively affordable price has attracted young people wanting to cash in on these small pieces of gold, with many finding it acceptable to spare a couple of hundred Yuan from their salary to buy one gold bean per month.”
“Younger generations enjoy discussing their experiences of saving gold on social media platforms to inspire one another. There are blogs about saving for “gold beans” across the Internet, such as “the best ways to buy gold” and “how to get your first bottle of gold beans.”
“Data from TianYanCha, an APP that gives information to social organizations internationally, shows that there are over 75,000 jewelry-related enterprises in China, with 38.5% of them having been established in the last five years. Over 70% of gold shop clients are between the ages of 25 and 35, according to the 2021 China Gold Consumption Insight. Social media and e-commerce platforms play a crucial role in marketing, making e-commerce an essential channel for young people to purchase gold.”
https://youtu.be/rWY6UJuVaFM?si=iWiSim-bA_i_QG8y