Weekend Show – Joe Mazumdar & Dan Steffens – Metal and Energy Stocks, Where Are The Best Opportunities?
Welcome to The KE Report Weekend Show!
This summer sure isn’t boring! Another volatile week for markets and metals as prices rose to start the week but revered Thursday and fell further on Friday.
On this Weekend Show we focus on metal and energy stocks. There are some great opportunities in many resource sectors but investors have to be selective.
We hope you all enjoy this Weekend Show! Have a great weekend!
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Segment 1 and 2 – Joe Mazumdar, Editor of Exploration Insights kicks off the show discussing the current trends in gold and silver markets and their impact on equities. Joe shares insights from a recent conference in Boca Raton, organized by Rick Rule, highlighting the participation of high-net-worth individuals and industry trends. The conversation spans topics from market corrections, M&A activity, and the role of institutional equities, to the challenges faced by development companies in securing funding.
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Click here to visit the Exploration Insights website to follow along with Joe.
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Segment 3 and 4 – Dan Steffens, President of The Energy Prospectus Group wraps up the show by discussing two energy companies – Devon Energy and Crescent Energy – and their recent acquisitions. He also explores the potential effects of a Trump re-election on the energy sector, including changes in oil prices and future energy policies.
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Click here to visit the Energy Prospectus Group website for more energy market and stock analysis.
- Dan also offered to send you his company reports! All you have to do is email Dan, energyprospectus@gmail.com, and mention the KER interview.
Matthew, try the comparison using AGQ rather than SLV.
As expected the silver miners have held up even better vs the 2x leveraged silver ETF (both short and long term) but I don’t know what we gain with the comparison. What am I missing?
https://stockcharts.com/h-sc/ui?s=SIL%3AAGQ&p=W&yr=5&mn=1&dy=0&id=p62467522036&a=1732266236
As you mention, even more pronounced; but note the gaps, and that they will likely fill. These don’t appear much with SLV. In addition, the gap up May 13th was into a bearish setup that has many Gartley attributes: https://ibb.co/vsj6wF2.
If the current bounce fails, AB(1:1)CD=27.80 becomes a real possibility.
Thanks. I think Friday’s gap could be taken care of very quickly even without a drop in the miners. All it would take is for silver to rise 2-3 percent before the stock market opens. AGQ would then open with a big gap up which of course would paint a big gap down in SIL vs AGQ. Alternatively, SIL and SILJ could head for their gaps from about 3 weeks ago that are 7-8 percent away which could get the SIL:AGQ gap filled without silver/AGQ falling much.
There are clear technical concerns with silver right now but also some things that argue against those concerns so tomorrow and this week will likely be interesting.
https://www.fibonomics.com/2024/07/natgas-week-bottom-formation.html
NatGas Week: Bottom Formation
Back to the Breakout!
Silver Leading
PMs Down.
H&S top setting up in the TSX-V?
https://stockcharts.com/h-sc/ui?s=%24CDNX&p=D&yr=1&mn=1&dy=0&id=p99190789074&a=1732153884
Or did Friday mark the low?
https://stockcharts.com/h-sc/ui?s=%24CDNX&p=D&yr=1&mn=1&dy=0&id=p99190789074&a=1732157396
Weekly volume surged slightly in April and May but remains far from what it should be. At this time in 2020 it was over 5x what it is now and in 2021, after the top, it was still 3x…
https://stockcharts.com/h-sc/ui?s=%24CDNX&p=W&yr=5&mn=0&dy=0&id=p76109501313&a=1432109794
Could Dan Steffens revisit Permian Resources in the future?
The silver miners performed well considering silver’s hefty drop since Tuesday. They would have fallen 2 or 3 times as much as they did if outlook for silver was really bearish.
Priced in silver or SLV, SIL and SILJ both hit 62 week highs this week…
https://stockcharts.com/h-sc/ui?s=SIL%3ASLV&p=W&yr=5&mn=0&dy=0&id=p36079965939&a=1732039340