The KE Report
Robert Sinn, (aka Goldfinger on CEO.ca and CeoTechnican on X) and publisher of Goldfinger Capital on YouTube and Substack, joins me for another wide-ranging discussion on his technical outlook, fundamental factors that matter, and portfolio management strategies in this current setup in gold, silver, and precious metals stocks heading into Q3. We start off reviewing the bearish technical action on the charts from the Q1 peaks in January and February to the support breaking to lower prices in Q2 through the end of June. * Q2 had a very ugly bullish engulfing quarterly candle, which he just wrote about on Substack, but he also cautioned people that it doesn’t mean things are just going to go straight down from here. * Robert points out that selling compounded and Q2 closed up at max pessimism in the sector, and he noted that this is the type of environment where selling can become exhausted and where directional turns can happen. * Additionally, we noted the extreme low readings in sector sentiment, extreme low bullish breadth readings, and the weak seasonality factor, where the summer doldrums seemed to come early this year. * He highlights that turning over the calendar month & quarter can bring in different positioning from institutions, and that in seasonality terms, coming out of the US Independence Day long weekend can often set up a more constructive stretch in the PM complex for the next few months. Next we addressed the fat margins that producers still had in Q2 and heading into Q3, despite the corrective moves in the metals and higher energy costs for the quarter, and potentially compressing margins some from where they were in Q1. We also outlined the constructive situation with regards to so many gold and silver explorers and developers being more cashed up than they have been in years, doing some of their largest work programs in years. We are going to have flood of positive sector news over the next few months that could be the catalysts to bring more buying and interest into the junior PM equities. Wrapping up we discussed a few portfolio management strategies, where pullbacks in quality companies can be good accumulation points. Robert reiterated that investors should take inventory of what they own and why they own those stocks; shedding situations that are continually not working out, and focusing on their highest conviction stories that they have the best understanding of as their heaviest weightings. Follow Robert’s analysis on Substack [https://robertsinn.substack.com/] . https://ceo.ca/@goldfinger [https://ceo.ca/@goldfinger] . Click here to follow Robert on X/Twitter [https://twitter.com/ceotechnician] . https://www.youtube.com/@GoldfingerCapital/videos [https://www.youtube.com/@GoldfingerCapital/videos] For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ [https://kereport.substack.com/] Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ [https://excelsiorprosperity.substack.com/] Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
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