Weekend Show – Matt Geiger and Doc – Metals M&A Outlook: Equinox-Calibre, Technical Analysis For Gold, Silver, Gold Stocks
Welcome to The KE Report Weekend Show!
This weekend show is focused on the precious metals sector, looking at recent M&A deals, trends, and a technical outlook for the metals and equities.
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- Segment 1 & 2 – Matt Geiger, Fund Manager and Managing Partner at MJG Capital kicks off the show by discussing the recent Equinox-Calibre merger, its market reactions, and broader trends in the metals sector. We focus on the implications of mergers and acquisitions (M&A) for investors, with particular emphasis on the gold mining industry. Matt provides insights into the challenges and opportunities presented by M&A, touching on the need for operational synergies, the influence of geographical and management familiarity, and the potential for future M&A activities.
- Segment 3 & 4 – Richard Postma, AKA Doc, is back to discuss his technical outlook on the gold market, individual metal stocks, and various other markets including the bond and US equity markets. Doc analyzes gold’s potential to reach $3,000, the behavior of silver, and offers insights into precious metals equities that he has been buying. Additionally, he shares his perspective on uranium and energy stocks, the implications of rising interest rates in the bond market, and the overall direction of US stocks.
https://www.tradingview.com/x/JLzrdHwi/
EQUINOX : Price Under Pressure!
That is due to the merger news with Calibre. I’m glad I took half my chips off the table with EQX when the nrws broke, because it’s only dropped since then. I am going to let my Caliber shares convert over to Equinox shares though when the transaction goes through in a couple months.
https://ibb.co/0Rrh9xrR
The Gap May Fill.
Over the last week I have noticed more money moving into the metal stocks that I follow. I believe this will accelerate as the crypto market and the conventional markets particularly in The US deteriorate further. Some money is flowing out of these investments into the mining space which is the only logical conclusion. It won’t take much to move our stocks as investors that have only believed in technology realize that nothing lasts forever and a pinch in their investments can cause a lot of uncertainty. Money goes where it can make more money and now this is in the metal markets.
Just one note of caution The PDAC curse is upon us, so be ever mindful!!!!! DT
Yes, right as the mining stocks were getting more interest and volume, the metals got whacked to end the month of February, taking the wind out of the sails of the sector right in time for the PDAC.
>> Apparently the PDAC curse came early this year. 
This is par for the course though, and we often see a sell off at the end of February after the Q1 run in January and February. The seasonality is back to the normal patterns, where last year was an outlier year.
EX, you of all people being slightly pessimistic, I don’t think I’ve ever seen this side of you before. You are usually on the up and up, lately I have been feeling optimistic. I haven’t gone to PDAC in Toronto for quite a few years (even though I can walk there) it is just too depressing. DT
Hi DT. No, I’m not really pessimistic… more just being realistic. Overall, I’m still pretty encouraged by the continued unfolding of this next leg of the PM bull market. It just needed a pause that refreshes.
My prior comment was just noting the seasonality factor that we typically see…. tax loss selling at the end of the year late Nov – early Dec (check), and then a solid Q1 Run in Jan/Feb in the PM complex (check) and then selling come into the sector around late Feb – early Mar, right in time for the PDAC event (check).
Maybe the worst of the corrective pricing action has already played out leading up to the largest mining event in North America, and we’ll see a rally coming out of PDAC. (fingers crossed). However, if things were to stay sideways to down, then I still wouldn’t be too discouraged, and would see it as time to buy that dip.
Most of the DC Government job losses that are now occurring in The US will be replaced by AI never to return. If anyone doubts that they don’t understand Musk and what he is all about, this couldn’t happen at a more critical and timely juncture for the US.
Musk asked all the Federal workers to fill out a form on why their jobs were important in order to justify their employment and if they didn’t do this they were automatically dismissed. Now he knows what they do, and it makes it easier to design software to replace them. LOL! DT
Now if you have a university or a college degree and you’ve lost your job in The Government you will find it much harder to get employment in the real world where you are expected to work 3-4 times as hard for much less money. The wheel has turned and there is nothing like reality, it will force you to look over your shoulder for the next wave of AI. DT
Dick – I’m sorry but this is simply wrong:
“Now if you have a university or a college degree and you’ve lost your job in The Government you will find it much harder to get employment in the real world where you are expected to work 3-4 times as hard for much less money. The wheel has turned and there is nothing like reality, it will force you to look over your shoulder for the next wave of AI. DT”
I have worked in both and by and large I found the amount of work mostly the same however the pay of Federal workers is lower. The justification for this has been that they don’t get laid-off so you have more job security hence a lower salary. Well that is now over. Sadly Elon & Company have laid-off folks with expertise in managing the US Nuclear Stockpile and study such friendly things as ebola, childhood cancers and dementia. Moreover he and POTUS appear to be vastly overstating the amount of money saved by his fun and games. However from all reports I have heard he does seem to be using this opportunity to try and move US Gov contracts to his company from other companies such as Verizon. So I have no doubt he will make money personally during this process. How many essential services he will destroy during the process remains to be seen.
DT is wrong some of the rime.
Hi Mike, for the last 11 years of my work history I worked at a government job, before that I worked in the real World where you had to produce, or you were sent packing, sometimes the same day. At both jobs I had benefits but the government benefits were much better, and the union protection meant that if you went to work and you didn’t want to do anything they couldn’t fire you, in fact I used to say the only way you can lose this job is if you get a criminal conviction and are sent to jail.
As far as my government job it paid more, and I always had a steady paycheck. We got 25 days a year sick pay and if you didn’t use any of them you could bank them over the years and when you left, they gave you a pay-out for your unused sick days. I could go on and on, but it was like night and day. DT
Yeah DT … problem in Canada is govt workers now get paid as much as those in private sector but get way better health and pension plan along with the sick day package you mentioned and are 1/2 as productive cuz they have job security. Had the argument once with a guy who joined public sector after yrs in private sector. He was offended they had to strike to get pay similar to private sector. I asked him why he left private sector. He said he wanted job security. I said then expect to be paid less. He didn’t understand. Expected similar pay. 
doc might consider Michael Oliver’s analysis.
doc is always a “well I got wait and see and then I can tell more accurately”
china is suppressing the silver price.
https://www.fibonomics.com/2025/03/american-dollar-gold-backing.html
American Dollar : Gold Backing : Trinary Monetary Method
Gold Basing : Blockchain : Fractional Reserve Gold
Opportunities In Growth-Oriented Polymetallic Producers – Part 1 (Luca Mining & Magna Mining)
Excelsior Prosperity w/ Shad Marquitz (03-02-2025)
https://excelsiorprosperity.substack.com/p/opportunities-in-growth-oriented-ad9
What is going on with Impact Silver, lagging silver move last month and doesn’t seem to be participating in silver move higher last couple .months.
Year in year out they produce measley ~ 600,000 oz Ag….not much. Maybe they are more a zinc company now, maybe a lifestyle company.
No recordings anymore?