Weekend Show – Mike Larson & Marc Chandler – Commodities Breakout! How High Can They Go?
Welcome to The KE Report Weekend Show! Commodities continued to rise this week, kicking off the quarter very strong. Gold kept extending all time highs, while silver as well as gold and silver stocks really got moving this week.
In Daily Editorials throughout the week we covered the gold, silver and equities moves with out regular guests. We also are featuring more companies now that they are finally showing life. On this Weekend Show we focus on gold, silver, copper and oil with generalist market analysts to find out their thoughts on the sustainability of the breakouts.
We hope you all enjoy this Weekend’s Show!
- Segment 1 and 2 – Mike Larson. Editor-in-Chief at MoneyShow kicks off the show with a focus on gold and silver. We discuss how generalists are viewing this breakout, what stage of the bull market these precious metals are in, and what factors are driving this inflow of money.
- Segment 3 and 4 – Marc Chandler, Managing Partner at Bannockburn Global ForEx and editor of the Marc to Market website, wraps up the show discussing gold, copper and oil’s breakout alongside the US Dollar’s strength. We look internationally to explain these strong moves and forecast where prices are going.
PAAS has bottomed versus the gold stocks and looks superb for much more outperformance straight ahead.
Here it is vs AEM:
https://stockcharts.com/h-sc/ui?s=PAAS%3AAEM&p=D&yr=1&mn=5&dy=0&id=p17797811728&a=1645185666
First weekly close above KAMA since September. PAAS vs AEM/gold stocks is just getting started…
https://stockcharts.com/h-sc/ui?s=PAAS%3AAEM&p=W&yr=5&mn=0&dy=0&id=p81410058092&a=1645215093
I made the following chart last August and look how those forks still resonate:
https://stockcharts.com/h-sc/ui?s=PAAS&p=D&yr=1&mn=2&dy=11&id=p77003449866&a=1477932765
If it pulls back sharply from here I expect it to find aggressive buyers.
Thanks Matthew. Excellent chartwork!
🍻🤠🚀 (That rocket will be seen as a contrary indicator by some but it is warranted!)
MAG stopped at “6-1-8” Fibonacci fan resistance but probably not for long…
https://stockcharts.com/h-sc/ui?s=MAG.TO&p=W&yr=3&mn=11&dy=0&id=p58979107352&a=1294333939
SILJ just broke out of a 2 year downtrend while taking back an important price pivot and closing above its 100 week MA for the first time in 2 years. In addition, it accomplished a decisive breakout above the 10% 100 wMA envelope like it did the second week of May 2020 that preceded moves significantly higher.
https://stockcharts.com/h-sc/ui?s=SILJ&p=W&yr=3&mn=11&dy=11&id=p36802692764&a=1650289233
Commodities are generally doing well…
https://stockcharts.com/h-sc/ui?s=%24CRB&p=W&yr=6&mn=0&dy=0&id=p82004732108&a=1109894614
But the CRB is going to crash versus the gold and silver miners…
https://stockcharts.com/h-sc/ui?s=%24CRB%3A%24XAU&p=W&yr=5&mn=0&dy=0&id=p54580928788&a=1650300466
I’ll say it again, pullbacks will be brief!
https://stockcharts.com/h-sc/ui?s=GDX&p=W&yr=2&mn=3&dy=0&id=p69561121221&a=1393635149
What is still to come. I see a massive rally in silver juniors. The pent-up demand is across the board, but the juniors will give you much more leverage than senior producers, the seniors are for the old folk investors that like to play it safe. LOL! DT
Yes, that’s always the case. Just look at IPT’s 143% gain so far. That’s 3 to 4 times better than most seniors. Even EXK has doubled despite having well over 10 times the market cap of IPT. Of course it is still a junior compared to PAAS which has a market cap of 10 times that of EXK.
Hi Matthew, Bob M says, in what investment do you get the goofiest investors. LOL! DT 😜😏
Hi DT, I don’t know what Bob says about that but in my experience you find the goofiest investors in every sector!
🥱
Glad that resonates with you. 😉
It doesn’t take much to resonate with him. Just mention the word criminal and he goes BALLISTIC! LOL! DT
You have a nasty disposition DT. You never miss a chance to criticise and denigrate other posters.
Yeah, you’re a real angel Grumble! The pot calling the kettle Black! DT 😏
Silver hasn’t even broken out versus gold yet but it’s going to happen very soon. When it does, get ready for the sector to add even more strength.
https://stockcharts.com/h-sc/ui?s=SLV%3AGLD&p=D&yr=0&mn=9&dy=0&id=p71202705729&a=1649500961
Looks like the futures are still trying to keep the Juniors range bound. Home of the Hedge Funds. Corruption uninterrupted.
Futures turned positive … Let’s see if we can have a good week.
What an ill timed pp by Kootenay ☹️……
https://tinyurl.com/554bypz7
Gold Week : Expected
Mini Pull Backs