Weekend Show – Doc & Josef Schachter – Investing Strategies For Gold, Silver, Copper, Oil, Nat Gas, Gold and Oil Stocks
Welcome to The KE Report Weekend Show! We are focusing on the resource sector again this weekend with a technical outlook on the metals and a macro assessment on the energy sector, oil and nat gas.
- Segment 1 and 2 – Richard Postma, AKA Doc, kicks off the show by analyzing the performance and sharing his future projections of gold, silver, and copper prices, focused on the technical chart setups. Doc provides an in-depth evaluation of gold’s MACD patterns, the performance of gold mining stocks, and the anticipated price movements of copper.
- Segment 3 and 4 – Josef Schachter, Editor of The Schachter Energy Report and Eye on Energy Report, wraps up the show with predictions of the oil and natural gas prices. We discuss the recent decline in oil prices, economic factors affecting oil and gas markets, future rate cuts, and the potential for M&A in the sector. Josef also provides an outlook on the second-quarter earnings and what investors should look out for in the coming months
- Click here to learn more about The Schachter Energy Report and Josef’s Catch The Energy Conference in Calgary on October 19th.
Umicore suspends construction of $2.76 billion battery materials plant in Ontario. The government boffins can’t even knit a sweater let alone tell business what they should or shouldn’t build. This is just one of many battery plants that will go bust in Canada. All of them have huge government subsidies. DT
https://www.fibonomics.com/2024/07/natgas-week-last-lows.html
NatGas Week : Last Lows Into FOMC Wednesday?
Possible MaxSat Weekend Wash.
https://www.tradingview.com/x/yVfzbNCW/
FANG Index Shallow & Deep Targets
For FOMC Wednesday.
https://www.tradingview.com/x/u3MLllUe/
3x Bull GDX History & Target
For FOMC Wednesday.
Doc, glad to hear you say gold could go to 5K or 10K. Rick Rule is saying 7K and Michael Oliver says 8K . But if the Deep State assassinates Trump and Kackala and let’s us pick between psychopathic warmongers Hillary and Niki Haley in Nov., gold will go even higher next year when WWIII starts. All we’ll be is dust in the wind and gold and silver won’t another minute buy. Pray for peace and hang on to gold. Peggy Fleming, America’s sweetheart, turned 76 today.
Bonzo, good to hear from you—-where have you been hiding. Come out from your rock every once in awhile and give us some of your wisdom. Doc.
Doc, I lost a lot of trees in hurricane Beryl which cost $7600 to have cut up and removed. I wish I could have spent that on mining shares instead. And I had no electricity for a week. My house is OK.
Are you ready for the cherry pit spitting contest? What town is that held in? Hope you win.
Opportunities in Silver Explorers and Developers – Part 4 (Vizsla Silver)
Excelsior Prosperity w/ Shad Marquitz – 07/27/2024
https://excelsiorprosperity.substack.com/p/opportunities-in-silver-explorers-93b
“There is nothing like putting your own money into a stock, to really sit up and pay more attention to the news flow and price action.”
Ex – It’s similar for trading. By far the best way to learn is with your money at risk. BDC
“I skate to where the puck is going to be…” – Gretsky was acknowledged the greatest while still playing in top form. Amazing!
Agreed on both points. Thanks BDC.
WOW…..the low /NG price could financially chop down critically funded producers…and create an actual shortage…..meanwhile those producers that are so vulnerable must continue to keep producing…..exacerbating the low pricing…for a while more…this IS exactly how bottoms are made and why cycles work for commodities, so darn well……plus a bit less enthusiasm from analysts…..all part of the brew…..could 1.25 henry hub as mentioned by BDC per Elliot wave counts become reality…..Well a quick 30% panic sell drop caused by the hanger on crowd?….would be punishing enough from here….. that is feeling real and more than a bit possible…..regardless at, 1.9ish to 1.85 is another pattern completion…..
Gold has too much complacency up here still imho……DOC does not use Wykoff volume analysis correctly……but regardless…chop in a down consolidation should persist….but I agree that the technicals especially breadth readings of miners is rising….how it will all effect the miners is probably determined by risk on vs. off equity performance in general…..also, if a big recession plus market correction hits deflation is initially the concern….then, IF the powers pull out their only tool and gear up printing and low interest rates it is hallelujah for anti-fiat……
markets are tough things to speculate in….but i still think deflation is what the system is terrified of….otherwise why would they constantly give fake money to banks to loan at low interest rates?….There is no antidote for deflation other than inflation or depression……unlike the spirit of g-d……the man based systems are always corrupt and serve their cartel not the subjects…..
look at the medical cartel….. profits and disease at all time highs…puff puff…success is so so sweet…ya know?
glta
all just my delusional opinions…lol
glta
Larry, there should be no doubt that the central planners will continue to choose inflation. Contrary to popular belief nothing can stop them from doing so and there’s no incentive to avoid doing so. In fact, even those harmed most by efforts to devalue the currency always clamor for it, albeit unwittingly.
The biggest bubble in stock market history remains the 2000 top and number 2 isn’t even close yet the inevitable collapse was held to just a 50% drop by 2003. Well not quite. The dollar was devalued significantly from that point to support the market’s dollar price and of course it worked. The masses had no idea that the S&P500 ultimately really dropped 89% because they don’t know to price it in real money. So of course they also don’t know that the S&P500 is STILL almost 60% below its 2000 top. Sadly, they have no clue that the Federal Reserve alone is responsible for the massive inflation since 2020. Nor do they know or care that M1 money supply grew 6 fold during Trump’s term while M2 grew roughly 50%. Trump’s criticism of the Fed was in fact the opposite of what it should’ve been, at least if he’s supposed to be a conservative who values free markets. He wanted easier, cheaper money and boy did he get it.
Since it’s an election year and the stock market is now short term oversold by some measures, it wouldn’t surprise me if rates are cut next week. The current technical setup combined with the widely held belief that cuts are good for the stock market could be enough for a multi week run higher before the election.
Full agreement on the medical cartel. It’s the deadliest scam in history.
The Bank of Canada just dropped our interest rate 1/4 of a point about ten days ago, no big deal but we are probably further down the debt rabbit hole than The U.S. Larry I’ve never read one of your posts where you are so verbose, are you sure you haven’t been visiting Alice? LOL! DT😉
Guys – This week’s FOMC meeting may be catalyst for the critical turn — either coming out of Wednesday, with immediacy, or as the eventual cause, which could be sooner than later. BDC
The Fed is likely to signal a September rate cut (some analysts now looking for 50 basis points instead of 25, but 25 bps is what is anticipated at the Sept meeting). That acknowledgement of a pivot to rate cuts may be enough to put in a new boost to the PMs at a coming strong seasonal month of August in the PMs. There is also more expected exploration news on tap for August, so that could get some action going in the juniors.
well DT…I am a big yapper from way back…My think or swim system has a glitch in the subsystem they sponsor for posting charts…so I wait for that repair to occur…This is about week 2…..Charts show reality better than words ever can…..but yes…i do know how to speak w words…lol
Larry – Note comments by Pesavento (at about 12 minutes):
https://www.youtube.com/watch?v=F6ZUvuMF0HY
Larry – Good thoughts on Nat Gas, Gold, and macroeconomic movers.
I agree that we may see some pressure on nat gas producers, which I’ll be looking to utilize for scaling in to a few gassers.
As for the PM stocks it’s a bit of a mixed bag. Some of the more liquid larger names have actually been holding onto some of their gains from this year, despite the recent rollover. Then there are more widely followed juniors that popped up and dropped back down, and some (with capital needs and no newsflow that barely even moved).
Right now i’ve been fortifying a few existing positions, but mostly just hanging onto the portfolio positions that I’ve had in place for a while.
Wishing everyone the best navigating these wonky markets, and prosperity in trading and in life.
Trump Promises To Make USA The “Bitcoin Super-Power Of The World”; Democrats Panic U-Turn On Anti-Crypto Crusade
Tyler Durden’s Photo
BY TYLER DURDEN
SATURDAY, JUL 27, 2024 – 02:50 PM
In a spirited keynote address, Former President Trump promised to make USA the “bitcoin super-power of the world,” ensuring that cryptocurrency is “mined, minted, and made in the USA.”
“We have to talk about Bitcoin. Our country is blessed with the extraordinary talent and genius in this room.
This spirit built America and will help us make it great again.
I admire what the Bitcoin community has achieved. In just 15 years, Bitcoin has gone from an idea to the 9th most valuable asset in the world.
It’s already bigger than ExxonMobil and soon it will surpass the market cap of silver.
That’s a big deal.”
He went on with some big promises:
“I pledge the day I take office the weaponization against Bitcoin ends.”
“On day one, I will fire Gary Gensler and appoint a new SEC Chairman.”
“I will immediately shutdown Operation Chokepoint 2.0”
Trump also said he can end The War in Ukraine in one day. Trump’s liabilities are becoming disastrously real. The United States needs normalcy and to enter The New World and seek an alliance with The Bric’s where they become an influential member with the other nations of The World.
Trump needs to look at the many problems that exist within his own country and start to heal America instead of being delusional and thinking America can go it alone and the rest of The World will follow. DT 🙄
DT………..
Lot more going on than one can imagine….
Most have just skimmed the FAKE surface…. and are CLUELESS….
Regardless,
But,…. WHAT IS IT GOING TO DO TO GOLD… going forward… humm
(oh, I have never been a BITCON fan)
Just the mention, of BITCON currency…. should have a few “gold bugs”
questioning…. or nervous
Might shake the charts a little… 🙂
Hi Jerry, there is an international financial coordinated derangement going on caused by the shifting of gold in huge quantities to China and Asia, Turkey, Russia, India, and the oil emirates. Once they have possession of most of the supply, they will announce they are backing their currencies with GOLD.
The West will no longer be able to fiddle faddle they will be left behind, just think of the price of Gold as The West tries to play catch-up it boggles my mind. DT
Hello DT,
I understand the shift,…. and the amounts the BRICS hold…..
And I understand,..IF, the BRICS are able to pull off the gold backing of their currencies,
then the price should go up, (and the dollar becomes more worthless).
The issue with Trump is he is attached to Israel.
Some of the interviews I have been watching are outright calling him a zionist now. (as if anyone watching hasnt known that for years)
If Trump wants to end the war in Ukraine it will be to focus resources on Iran and or China.
Our fearless leader nutyyahoo is stepping up rhetoric about Iran, and he got standing ovations.
Whats that a clue of?
A standing ovation by CON gress,….. money in the bank for the war machine buddies….
Lot more going on behind the scenes…..
Not all that is reported on is truth… a lot of liars out there…..
Trump and digital tulip bulbs. Perfect.
Thats interesting isnt it Jerry.
I wonder if it has anything to do with so little gold in the west.
Yes,….. b………. I thought that was interesting…..
Might be first step ……on deleting the FAKE FED….. humm
Its not “fake”Jerry, its real and they are part of whoever runs things.
Illigitimate, criminal maybe but not fake.
The Russians moving to bitcoin as well imo is a big clue some body has been planning this move to cryptoes for awhile.
Ya gotta wonder if somebody is already controlling the planet.
fake1
/fāk/
adjective
not genuine; counterfeit.
“fake designer clothing”
Similar:
forgery
counterfeit
copy
sham
fraud
hoax
imitation
mock-up
dummy
reproduction
lookalike
likeness
phoney
pirate
knockoff
rip-off
dupe
forged
fraudulent
false
bogus
spurious
pseudo
worthless
invalid
dud
artificial
synthetic
simulated
replica
ersatz
plastic
man-made
mock
so-called
pretend
fakey
Opposite:
genuine
noun
a thing that is not genuine; a forgery or sham.
“the painting was a fake”
Similar:
forgery
counterfeit
copy
sham
fraud
hoax
imitation
mock-up
dummy
reproduction
lookalike
likeness
phoney
pirate
knockoff
rip-off
dupe
verb
forge or counterfeit (s
Today, the Fed is tasked with managing U.S. monetary policy, regulating bank holding companies and other member banks, and monitoring systemic risk in the financial system. The seven-member Board of Governors, the system’s seat of power, is based in Washington, DC, and currently led by Fed Chair Jerome Powell.
Yup criminal thats for sure but the fed is not an illusion, it is real.
Try not to get me wrong, IMO it should never have been created in the first place
Thx Woodrow.
Never said illusion….
Russian MPs vote for experimental cryptocurrency trading
The process will be regulated by the country’s central bank
Russia’s parliamentary financial committee has approved experimental exchange trading in cryptocurrencies that will be regulated by the country’s central bank,
https://www.youtube.com/watch?v=4EulrfS8WDc
Ben Norton on the Dollar and Gold
beginning at 1:02:10.
Salient section (28 minutes): https://vocaroo.com/1esNL6zniGo2
Adam Taggert, in a recent interview with a Resl Estate specialist, made an opening comment to the affect that housing delinquencies are accelerating and the most common reason stated for individual delinquencies was “loss of income”.
Another issue is expanding Escrow costs (increased insurance and taxes).
Most likely bank risk has been pushed off on private equity and pension funds (again). Many can’t afford homes, many can’t afford to hold homes, and many can’t sell homes. Banks are winners.
Luxury market homes on market longer and supply growing. No portion of the market is good.
RV sales declining. Toys of the wealthy sales declining.
Another group wanting to buy but waiting out the market and aren’t going to buy now.
Commercial buyers of blocks of discounted properties are now getting in trouble with property taxes and cost of holding increases, are liquidating at further discounted prices, undercutting home holders that bought at retail. Retail buyers getting killed.
(Data is left out of the MLS system similar to most all other data systems). People have to be aware of what their own eyes see, versus what they are being told. Caution must be used.
Cascading sentiment growing on the awareness of false data in all areas.
Michigan Sentiment index at lows.
A major problem for our species is the rate at which technological change is disrupting not only industry but the way we think and our dominance as a species. It took millions of years for man to evolve into a modern human being but we as a species aren’t equipped to accept this new technological revolution. This isn’t like the 1920’s where electricity became abundant and changed our lives forever. One of the reasons The Great Depression happened was because of the effect that mechanization brought about by the discovery of 3-phase motors, altered the way we spent money with installment buying to use the wondrous goods it could produce. Now we get this change weekly whereas before it was every few years. Our species is responsible for this change but unfortunately it can’t be stopped, and it is self-feeding at a rapid pace because whatever country accepts and implements the new technology will be the race that dominates our planet, until such time as the machines are our masters. DT
https://www.fibonomics.com/2024/07/gdxu-expander-patterns.html
GDXU (3x GDX) : Expander Patterns
Target Zone
Crowstrike is a leader in Cloud security, almost all of AWS and Azure Windows servers have crowdstreke installed. Keep an eye on b wave bounce pretty soon.
https://stockcharts.com/h-sc/ui?s=CRWD&p=W&b=5&g=0&id=p21301203084&a=1738332783&r=1722202568401&cmd=print
Agnico is destined to be a $100 stock.
https://stockcharts.com/h-sc/ui?s=AEM&p=M&yr=20&mn=0&dy=0&id=p87343101645&a=1738333508&r=1722202991998&cmd=print
Everyone is pooh pooing regional bank stocks. But it’s actually telling a very different story and upside is just starting
https://stockcharts.com/h-sc/ui?s=KEY&p=M&b=5&g=0&id=p35068972604&a=1738333939&r=1722203262937&cmd=print
CaliJoe, what do you think of Goldman Sachs stock, don’t be shy! DT
DT,
Goldman Sachs will continue its climb higher. Don’t see anything wrong.. it may retest a breakout level of $380 at some point though. If FED cut rates then all it will give a jolt to anything and everything!
GS is very bullish even vs gold.
https://stockcharts.com/h-sc/ui?s=GS%3A%24GOLD&p=M&yr=30&mn=0&dy=0&id=p88891674013&a=1738407844&r=1722221472026&cmd=print
Dang…..
DT,
Canada’s “Worst Decline In 40 Years”
Tyler Durden’s Photo
BY TYLER DURDEN
SUNDAY, JUL 28, 2024 – 07:50 PM
Authored by Peter St.Onge via The Brownstone Institute,
Canada’s standard of living is on track for its worst decline in 40 years,
The study compared the three worst periods of decline in Canada in the last 40 years – the 1989 recession, the 2008 global financial crisis, and this post-pandemic era.
They found that, unlike the previous recessions, Canada is not recovering this time. Something broke.
In fact, according to the Financial Post, since 2019 Canada’s had the worst growth out of 50 developed economies. Inflation-adjusted Canadian wages have been flat since 2016.
So, yes, something broke.
And it’s nowhere near over: Canada’s per-person real GDP is still falling and with a looming US recession – the US is 75% of Canada’s exports – Canada could crash again before it ever recovered.
Trudeau’s Canada in Decline
In previous videos, I’ve talked about the disaster that is Justin Trudeau’s Canada. In short, incomes are West Virginia-level, house prices are at the Los Angeles level, and Canadian taxes are halfway to the Soviet Union.
It’s not rare for a middle-class family in Canada to pay half their income in taxes.
Meanwhile, since the pandemic, Canada’s official food inflation is up 25%, and energy is up 30% – partly thanks to a carbon tax.
And keep in mind sales tax in most Canadian provinces is 13 to 15 percent on everything you buy.
Angus found fully 42% of Canadians are considering moving to another country.
Hi Jerry, I know, I know, and I know. It’s much worse than that, Canada is “Broke and Woke”. We have a new scandal here every week! I can’t believe what has happened to our country. Instead of A&W Canada is B&W, that is my new political slogan. DT
What really bothers me is we support the nazis.
Who’s “we”?
https://www.youtube.com/watch?v=c68o4MU4bNw
Memorials in Canada to Nazis and Nazi collaborators
Monuments and memorials include or have included a statue of Draža Mihailović in Ontario, two monuments in Ontario and Alberta connected with the Waffen-SS, a statue of Roman Shukhevych, streets and parks named after Alexis Carrel and Philipp Lenard, a mountain named after Philippe Pétain, and two streets named after a commander of Nazi German forces and his ship. There are two monuments to members of the 14th Waffen Grenadier Division of the SS (1st Galician), which have caused controversy.
Since the beginning of 2022, Canada has committed over $13.3 billion in funding to support Ukraine.
“We” is Canada, I was responding to DTs post.
If anyone doesnt understand nazis in Ukraine they dont know history.
Nothing more blatant to show Canadas support than a standing ovation for a nazi in parliment.
I know it’s a great show, even before tuning in!
It looks like Wednesday will be a pivot.
NatGas report & more later.