Weekend Show – Rick Bensignor & Josef Schachter – Fed Rate Cut Changes The Game For Investors; Opportunities In Markets, Metals and Energy
The Fed finally delivered the long anticipated rate cut on Wednesday. It was the larger 50 basis point cut which markets across the board celebrated.
On this Weekend’s Show we discuss the impacts of rate cuts financially and economically, as discuss trading strategies for commodities and resource stocks.
We hope you all enjoy the show this weekend. One of our guests this weekend, Josef Schachter, is offering a pair of free tickets to our listeners! Please email me at Fleck@kereport.com to be entered into the draw.
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Segment 1 & 2 – Rick Bensignor, President of Bensignor Investment Strategies kicks off the show by discussing the implications of the 50 bpts Fed rate cut, future projections for interest rates, and market movements. We focus on the rate cut’s impact on inflation,, the US dollar’s potential weakening and gold, especially gold stocks potential ability to play catch up.
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Segment 3 and 4 – Josef Schachter, Founder and Editor of the Schachter Energy Report, wraps up the show discussing the current oil price trends, providing key insights on demand, geopolitical factors, and the future of energy stocks. We focus a lot on the investment opportunities in energy stocks, emphasizing factors such as insider ownership, low debt, and growing production profiles. He also shares details about his upcoming conference, Catch The Energy, in Calgary on October 19th.
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Click here to learn more about The Schachter Energy Report and Josef’s Catch The Energy Conference in Calgary on October 19th. Please email me at Fleck@kereport.com, with the subject line “Schachter conference tickets”, to be entered into a draw for 2 free tickets.
Mike, Schachter likes the Canadian oil patch with many companies paying 6-9% dividends. He mentioned Birchcliff paying 7.1% while soon benefitting from completion of west coast LNG facilities.
Folks:
I know this is off topic but as a long suffering Intel investor the idea of an Intel and Qualcomm merger kind’a makes sense. From someone who owns both, underwater on Intel and above it with Qualcomm, the idea has got me wondering! I do however have concerns about the national security implications of this merger.
For background see:
https://finance.yahoo.com/news/qualcomm-approached-intel-takeover-recent-192945200.html
Folks:
While I am on a roll and promise this is the last Saturday AM post!
From those that don’t live in IT land here is some interesting news that has ramifications all over the place:
“VMware customers report massive price increases since Broadcom takeover: ‘Feels quite a bit like being held for ransom'” see: https://www.businessinsider.com/vmware-customers-report-massive-price-increases-since-broadcom-deal-2024-8
I know one corp that is seeing a 10X price increase of VMWare renewals after the sale of VMWare to Broadcom and is actively looking for alternatives and/or planning to “de-virtualizing”. The same thing happened after Broadcom’s acquisition of Symantec however in that case alternatives existed. This also has massive implications for Intel as they make most server hardware.
Pictures of Multiple Occurrences of Visible Gold @ Hole #68-SITKA GOLD CORP. V.SIG DT 🤣😉😜
https://sitkagoldcorp.com/project/rc-gold/hole-68-visible-gold/
WOWZER!
Now it takes about one month to get drill results back from a lab, a big improvement over covid days. DT
Opportunities With Mid-Tier And Junior Royalty Companies – Part 8
Excelsior Prosperity w/ Shad Marquitz – 09-21-2024
Sandstorm (SAND) (SSL), Metalla (MTA), Elemental Altus (ELE) (ELEMF), VOX (VOXR), EMX (EMX), Empress (EMPR) (EMPYF).
https://excelsiorprosperity.substack.com/p/opportunities-with-mid-tier-and-junior-baa
After the Fed Cuts Bigly, Gold Gets Comfortable Above $2600
David Erfle – Junior Mining Junky – September 20, 2024
https://mailchi.mp/a2b1680f7c5a/david-erfle-weekly-gold-miner-sector-op-ed-19219323
This weekly GDXJ:GDX chart might not look like much but it is BULLISH for the sector. The important “P” price pivot as well as the 50 week MA have been reacquired while all the important oscillators have turned up.
https://stockcharts.com/h-sc/ui?s=GDXJ%3AGDX&p=W&yr=3&mn=5&dy=0&id=p94214193021&a=1484698664
Nice chart Matthew! Brixton made a new Inter-day low. Ugh! 😩 At least Impact is perking up. I am still in accumulation mode. 😉
After hitting .085 repeatedly since June a new low seemed inevitable so I am almost relieved that it happened especially the way that it happened: highest weekly volume since April and .08 was hit on Wednesday on 665,000 shares and Friday on 164,000 shares but never closed there. So there’s a reasonable chance that the low is in place. Now, barring a great drill hole, we need bull market action from the PMs and copper.
https://stockcharts.com/h-sc/ui?s=BBB.V&p=W&yr=4&mn=5&dy=0&id=p74016197220&a=1669058775
IPT looks good and I suspect that it will look a lot better very soon.
https://stockcharts.com/h-sc/ui?s=IPT.V&p=W&yr=1&mn=1&dy=0&id=p12071312173&a=1778833739
I agree with you on I PT and hope you are right with Brixton.
It took 2.5 years but gold has returned to the fork resistance that stopped it in March 2022.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=7&mn=3&dy=0&id=p90766939138&a=1284031045
https://www.fibonomics.com/2024/09/natgas-week-breakout-volatility.html
NatGas Week : Breakout Volatility : Sideways Expander Pattern
Higher Highs & Lower Lows : The Dollar & Silver
Added Gold.
Unlike silver the dollar is facing serious risk here…
https://stockcharts.com/h-sc/ui?s=%24USD&p=W&yr=7&mn=3&dy=0&id=p72585475656&a=1316751060
Thanks Lake. Yes I’ve been watching Gentiles Northisle copper play. Might be a bit far off from being a producer but definitely one to watch
DT. I was a little a disappointed NDP held on. I’m worried it will only be a minority conservative win….regarding everything else I’ve become a bit hedonistic in my older age. I only concern myself with how I can make money
Thanks for another new guest Cory and Shad. Interesting thoughts to hear
Matthew as always love the charts. Keep waiting for the silver breakout to take impact back over .30…..Brixton has certainly disappointed. So many plays but share price dead.
Still think magna isn’t getting valued properly after the latest acquisition let alone for what they already had.
Feel the same way for Emerita which is undervalued based on all their recent drill results and doesn’t even contain any spec value for the potential winning of aznalcollar.
Look forward to this week. Cheers.
Wolf:
I hold Northisle also and think it has great chances to become a mine. Although I have had some small gains in my accounts, they are still range bound in the “all-time” low channel. Same pattern of “some up and some down” and relative performance has no news one way or another to support movement. Magna has been my best performer after being my bigger dollar loser. Magna and Emo are used as the “go to” stocks in my US account to adjust or balance direction of the day. Nothing fundamental about the movements, just capping type performance.
The interesting thing that continues is that no single stock is allowed more than a +50% gain. About a year ago they were limited to +100% so I would trade them among other good performers less than 100%. Then about 9 months ago, the cap switched to 50%. With the small share value and increased brokerage fees, it is not worth it to trade with only 50% gains unless shares price is up around $1.00.
I have 3 in the +40% range (Magna, Radisson and Ridgeline) and up to 12 green overall compared to 22 in my US account back in Jan 2024. So 12 is up from 3 of 40 or so, but there is no day where all are pretty much green for a day or two which was common before the crash of 2008. Based on the account performance from 2001 to 2008, it appears just based on performance of the markets that Intervention took on a new face after the 2008 crash while Regulation (and deregulation) no longer effective.
I am hoping that the slightly green days continue but it is very frustrating to see physical metals at highs and miners at lows while the General Markets continue on their 15 year trek higher with all-time highs.
So to make a long story longer, I agree that Magna, Emo and many others are undervalued but they are undervalued by intervention in the Sector. I believe at some point, managed money will find the naked short trade not as profitable as going long. Since prices are so unrealistically low, now would be the time for them to accumulate.
Isn’t that strange …Magna just knocked back to +37.5% after being +42% a few minutes ago. Deja Vu
Wolfster, if you have adult children and I’m assuming you do and if you don’t like the way this country is headed you should do something about it, they deserve a future. Worrying about whether there will be a minority government just doesn’t cut it, worrying about the future for your family does. You can get involved by taking out a two-year membership in the PC Party for a measly $25. If you want to help out more the tax right-offs are something to consider, don’t give all your money to the present governing party. DT
Mahatma Tracy or Mother Teracy
Wow! I am struck by the difference between the cautious Rick and bullish Joseph. Very good balance of views. My gut is saying that Rick is right and also the miners are a mess but only time will tell. However, Joseph has some good points too –