Weekend Show – Matt Geiger & Michael Oliver – A Fund Manager And Technical Trader Share Investing Ideas For Gold Stocks, US Markets and Commodities
Welcome to The KE Report Weekend Show! Thank you for tuning in on this Labor Day long weekend. Summer markets are now behind us.
On this Weekend Show we feature a Fund Manager and a technical trader to comment on different types of investments. We discuss investing in junior resource stocks and also look big picture from a trading sense at US markets (of course the Mag 7), the US Dollar and precious metals.
- Segment 1 and 2 – Matt Geiger, Fund Manager and Managing Partner at MJG Capital kicks off the show by discussing the bull and bear case for junior resource stocks and how his fund is positioned. We also recap a presentation Matt made at focused on financings and red flags that make him say “no” to investments.
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Click here to visit the MJG Capital website to learn more about Matt’s fund.
- Segment 3 and 4 – Michael Oliver, Founder of Momentum Structural Analysis wraps up the show by sharing what his momentum based models are telling him about the US markets, US Dollar, gold and gold stocks. Michael thinks a big shift is coming in favor of commodities while markets move lower, led by tech.
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Click here to visit Michael’s Momentum Structural Analysis website.
https://tinyurl.com/3vzudtry
Markets : Nasdaq (QQQ)
Will It Turn Sooner?
(Last Week.)
Thanks KER for the show.
BDC – do you track any of the sifts?
Don’t know “sifts” by that name,
but can track most anything.
Soft commodities – wheat in particular
Sorry BDC I meant soft commodities- wheat in particular.
Charles, funny thing: a finance “sift” search had a result — something to do with fraud detection. As for soft commodities, what symbol(s) are you interested in? TradingView can probably be used. Though new to me, it could be very interesting. Larry Pesavento trades them often. BDC
There is an ETF for Wheat: WEAT. Though likely you mean futures, the ETF could be a guide; maybe use both sources.
The only thing holding the price of silver down at this point is massive manipulation but like all things in life there is a breaking point and that will be magnificent to behold. There is so much Silver going to India that the silver market is getting stretched beyond the outer limits to The Twilight zone. Everyone who is in this market knows this but when there is a huge amount of money to be made and lost it has become an epic struggle which can only have one outcome. DT 🤣
DT – Good points, but Silver is also a primary industrial metal with a wide variety of uses, at times even rivaling Copper in importance. Its monetary aspect may not be enough in a down market because Gold is the accepted king of that domain. BDC
Wolf:
See other posts concerning incorrect closing prices in brokerage accounts:
How can they distort value in Customer accounts:
This is WAG….but, if anyone or more closing price is “altered” in a Customer account either up or down during EOD the following could occur:
1). The account value will be altered either up or down preopen either up or down
2). An algo can detect the abnormal closing price and trigger either naked shorts or naked buys.
3). Instead of showing the short or buy as a gain or loss from the “correct closing price”, the Customer Account would now show a positive or negative from the false closing.
4). Since the customer Account is showing a “false positive/negative value” based on the “false closing price”, the real value of the Customer account must be manually computed based on the “correct closing price” (Not shown in Customer Accounts),.
5). Since # of shares for each stock remains the same, if price returns to the correct closing price, you may have experienced no gain or loss on the next EOD.
6). However. the question of actual Customer Account value becomes an issue when price does not correct to the “true closing cost” because movement up from the false closing cost will show a distorted false gain for the day which could be an actual loss. Unless one manually computes the false gain and subtracts it from the new EOD, the Customer Account will appear as a gain when it was a “loss” for the day “or a smaller gain”
6). When false closing prices or “mistakes” in closing cost aren’t corrected, it opens the door for price manipulation and alteration of true account values.
See above;
Friday 4:00PM Close showed +421.91 gain.
Saturday EOD close now shows -221.55 loss
Changes in closing costs from 4:00 PM Friday close (all are downward errors only in Customer Account Page)
Cabral Gold, Aston Bay, Juggernaut, Altamira Gold, Noble Minerals a nd Firefox Gold.
Checking the OTC Markets, Schwab Research Page and Schwab Trading Page shows ALL reflect closing prices the same using 4:00 PM EST prices.
The “Only” place where the lower closing prices exist are in the Customer Market Value Page listing all Customer stocks in personal account
Tuesday, the wrong closing values will be used “only” to determine gains/losses for the day in Customer Accounts which will show an incorrect starting account value of a nevgative -$643.46. If account shows a $500 gain on Tuesday, it is a loss of -143.46.
I don’t think you are being very smart by continuously and openly discussing the people who are handling your trading account, they may decide to take you up on it. I would move on before it becomes an issue. DT
Kind of like not talking about a Fascist State. I get it …. don’t say anything.
Thats not it at all, words have meaning you are allowed to say whatever you want but we have courts that decide whether what you have said is appropriate or is harmful to someone’s business or livelihood. You are on a public forum a lot of people read these posts, you are not anonymous, if someone wants to hold you accountable for your actions they can do so, that is their right.
I didn’t think you would get it. DT
They have been notified about 10-15 times of the issue. They have chosen to not correct it. Others may be experiencing the same problems but since it requires one to do manual comparisons, most probably don’t know the issue exists. I have documentation and can not know where the glitch in their system lies. But there is one and they do not want to correct it, when the problem “only” lies in Customer Accounts. They can look at their own files and see the discrepancies among their own data. It is public data. I have tried to protect their credibility by specifically referencing data they are fully able to pull up without even having to access any Customer accounts other than mine.
(Words have meaning, but more importantly “errors in financial data “ have consequences.)
“You make your bed, and you lie in it”. Enough said! DT
Silver Market Update – Catching Up With Multiple Junior Silver Stocks
Excelsior Prosperity w/ Shad Marquitz (09/01/2024)
https://excelsiorprosperity.substack.com/p/silver-market-update-catching-up
One thing I liked and agreed with that Eric Sprott mentioned in a sly moment, if a company has a gold property with a mine that is on care and maintenance pay attention. LOL! DT
There are so many sectors ready to run. Regional banks are marching forward and lots of upside left. IWM, MDY looking good. I think metals and commodities in general will be sideways action until the election or Thanksgiving.
https://stockcharts.com/h-sc/ui?s=RF&p=M&b=5&g=0&id=p16283295344&a=1768369602&r=1725198102199&cmd=print
Michael Oliver is always a great guest, thank you for having him on!
Monthly silver (SLV) looks great:
https://stockcharts.com/h-sc/ui?s=SLV&p=M&yr=12&mn=0&dy=0&id=p33605480921&a=1377078350&r=1725235070044&cmd=print
In 2011 silver peaked at 6.25 times its 250 month moving average. Right now it’s sitting at 1.55 times that moving average. 6.25 times would put it at $117 but of course that MA is rising so if silver reaches 6x that MA years from now it will be much higher than 117. Just food for thought…
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=M&yr=20&mn=0&dy=0&id=t1711692444c&a=1269200072&r=1725235800918&cmd=print
SPX vs Gold closed the month one penny below its 25 month MA and generally looks bearish but did paint what might be a bull hammer. I say “might be” because bull hammers mark lows and the most reliable ones mark major lows and this one is not exactly textbook…
https://stockcharts.com/h-sc/ui?s=%24SPX%3A%24GOLD&p=M&yr=17&mn=0&dy=0&id=t4608906197c&a=1768281310&r=1725246941814&cmd=print
Adding to my skepticism is the fact that SPX priced in dollars painted a bearish hanging man…
https://stockcharts.com/h-sc/ui?s=%24SPX&p=M&yr=17&mn=0&dy=0&id=p90689278784&a=1768523928&r=1725247394978&cmd=print
TLT vs GLD is quite quarterly oversold but I think it will become more oversold after this bounce is done…
https://stockcharts.com/h-sc/ui?s=TLT%3AGLD&p=Q&yr=30&mn=11&dy=0&id=t8611127075c&a=1702782420&r=1725247716443&cmd=print
https://www.fibonomics.com/2024/08/silver-pm-prophet.html
SILVER : Precious Metals Prophet?
Pull Back Possible.