Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **Former COMEX and NYMEX** Silver Price and Gold Price Technical Analysis

Transcript

**Former COMEX and NYMEX** Silver Price and Gold Price Technical Analysis · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  Well, I don't think that we'll wake up tomorrow and Silver's
• 0:02
  going to be at $42.00. I think it might take a while
• 0:06
  for it to get there, maybe a year, year and a half, maybe two
• 0:09
  years, but that mega trend certainly seems like it's in in
• 0:14
  play once we can get silver above $30, yeah.
• 0:20
  Where are the prices of silver, gold and the precious metal
• 0:24
  mining stocks heading? Can we look to technical
• 0:27
  analysis for some clear clues as to what we might expect?
• 0:32
  Today I have a special guest, John Roland.
• 0:35
  He's the Senior Market Strategist at Bar Chart.
• 0:39
  He holds the CMT designation and we're really lucky to have him
• 0:44
  on the show today. John, welcome to Ron's Basement.
• 0:46
  Well, thank you, Ron. I appreciate it.
• 0:48
  I'm a big fan of basement podcasts, you know, Always a big
• 0:53
  fan of Waynesville. So party on, Ron.
• 0:56
  Waynesville. That's right.
• 0:57
  Well, when you're in the basement, you're a the people
• 1:00
  that are part of this community call themselves Basement
• 1:02
  Dwellers. So for now at least, you can
• 1:05
  consider yourself a Basement Dweller.
• 1:07
  I looked over your LinkedIn biography, your resume.
• 1:11
  You have a very impressive background.
• 1:15
  You were in New York, worked at some of the big major exchanges
• 1:18
  and now you're with bar chart like a high level technical
• 1:23
  analyst. Can you kind of just give us a a
• 1:25
  brief rundown of what you've done and maybe how you apply
• 1:28
  that to what you're doing today? Yeah, sure.
• 1:30
  I mean, I don't want to date myself, but you know, back in
• 1:34
  1980 my first internship was I worked on the London Metal
• 1:40
  Exchange at LME and was working as a clerk doing the gold and
• 1:44
  silver R between New York and London.
• 1:47
  So that was how I kind of got cut my teeth and and what's
• 1:50
  really piqued my interest in trading futures markets.
• 1:54
  And then when I graduated from college, I got a job working on
• 1:58
  the COMEX and I worked in the silver pits briefly, a little
• 2:02
  bit in the gold pits. And then eventually I moved on
• 2:04
  to the New York Mercantile Exchange.
• 2:08
  And my main part of my career was in natural gas.
• 2:12
  But in during my time at Nymex, you know the reason why I went
• 2:16
  over to IMAX was actually back in the late 80s.
• 2:19
  If you kind of remember Ron, back when you know we started
• 2:24
  using platinum in catalytic converters in the price of
• 2:28
  platinum I think went from like you know a couple $100.00 an
• 2:32
  ounce to like over $1200 an ounce in a six week period.
• 2:35
  That was the reason why I went to the Nymex.
• 2:37
  So you know, my career has really been in the energies
• 2:41
  markets, but I was sprouted let's say in the precious metals
• 2:45
  market and then I came to bar chart a few years ago and it
• 2:50
  creates educational contact based on trading ideas and
• 2:55
  concepts and how you can use them.
• 2:57
  And and and just kind of just showcasing a lot of the nice
• 3:01
  features that we have on bar chart that help individuals that
• 3:05
  trade all different asset classes, everything from
• 3:07
  equities to the EFTETFS, options, currencies and futures
• 3:14
  markets. OK.
• 3:15
  And and today you're going to give us a glimpse into your
• 3:18
  ideas when you're looking at the gold and silver market.
• 3:22
  But I do want to .1 thing out here.
• 3:23
  Correct me if I'm wrong. You just said that you worked at
• 3:25
  the London Metals Exchange or did an internship there, the
• 3:29
  Comex and the New York exchanges as well.
• 3:33
  So you're a guy who has, like some keen insights into how
• 3:36
  these markets actually function and work.
• 3:40
  Yeah, exactly. You know, part of my learning
• 3:45
  experience was working with you know what we call commercial
• 3:49
  traders. So for instance like on the
• 3:51
  metal sides, we, you know would have been some of our miners,
• 3:55
  our banks, you know, hedge funds and and large speculators.
• 4:00
  So, yeah, you learn their behaviors and how they look in
• 4:03
  the market, what they see and as it translates onto our charts.
• 4:10
  And that's why I really believe that technical analysis is an
• 4:14
  important part of any kind of strategic analysis is because
• 4:21
  the charts kind of really show the sentiment of our market
• 4:25
  participants, not only just speculators, but also our
• 4:29
  commercial or our institutional players as well.
• 4:32
  Wow. So I I have a feeling that our
• 4:34
  viewer who's joining us right now, our fellow basement
• 4:37
  dweller, can see what I see. You know what you're talking
• 4:41
  about when you look at the gold market, for instance.
• 4:44
  What are you seeing right now? Any any insights there?
• 4:47
  Yeah. Do you mind if I share a couple
• 4:50
  charts? Here we go.
• 4:55
  Wait a minute. Let me get it up there.
• 4:58
  And there we go, John. There you are.
• 5:00
  OK. So let's just start here.
• 5:01
  So this is the gold futures contract, the June contract and
• 5:06
  this is a weekly nearby. If you're not familiar with that
• 5:09
  kind of terminology, if you're you know for some of your folks
• 5:12
  a weekly nearby chart is basically it's just chart is a
• 5:15
  composite of charts of the most active trading contract month at
• 5:20
  that time. So currently we're in the June
• 5:22
  contract, but what I did was a few months ago I did a what was
• 5:29
  called a Fibonacci extension based off of that October low
• 5:33
  back in 22 and you can kind of see that here.
• 5:37
  And what I wanted to do is I kind of wanted to see when we
• 5:40
  broke out of this range that we had been stuck in for quite some
• 5:43
  time. You know based on our Fibonacci
• 5:46
  extensions where we could see price target and what we can see
• 5:51
  here is there's two levels on the fibbed extension and the
• 5:55
  market fell right into that range.
• 5:57
  So I think that's really important for our traders in the
• 6:00
  room here. Understanding is that the market
• 6:02
  has kind of reached a very significant technical level
• 6:07
  based on Fibonacci's. And now what what we're seeing
• 6:10
  is you know the market is kind of stuck in this sideways range.
• 6:15
  Now let me go back to a lower time.
• 6:18
  Now I'm looking at a six month daily chart and let me change my
• 6:21
  template here. So what I'm showing here now is
• 6:27
  moving averages and this is a 20 day moving average of 5100 and
• 6:31
  200 day moving average. And I think these are really
• 6:34
  significant moving averages not only for equities markets but in
• 6:37
  this case we're looking at you know big picture longer term
• 6:41
  trends. And then down below here is what
• 6:43
  we have is called a a comparative relative strength
• 6:48
  and I'm comparing gold to the S&P because there is this
• 6:51
  correlation between what's going on in the equities market or the
• 6:55
  stock market and what's going on in gold market.
• 6:58
  And what we can see here is that up until recently the gold had
• 7:04
  been thrusting or this positive price movement and we are above
• 7:10
  the S&P. So that would tell us that it's
• 7:13
  outperforming. But what do we see now is that
• 7:16
  gold is underperforming the S&P. And so this could be a
• 7:20
  cautionary tale for us and what we can see in history if I kind
• 7:24
  of shriek up history a little bit.
• 7:27
  Here, let me do this. Hang on.
• 7:30
  We're going, we're going way back, right?
• 7:32
  Well, not too far, only back a couple couple years.
• 7:36
  But every time we get one of these thrusts and then when gold
• 7:39
  falls below the S&P or starts underperforming, we usually see
• 7:43
  gold set up in what is kind of a sideways.
• 7:46
  You can see it here, you can see it here.
• 7:49
  You know, we underperform. We're in this sideways action
• 7:52
  again, another big thrust here and we've we start to
• 7:55
  underperform the S&P. We're in this sideways action.
• 7:59
  So this is kind of telling me that, yeah, I think gold has had
• 8:03
  a really strong move. We're up almost 40% since that
• 8:06
  October low. But what we're seeing here now
• 8:10
  is maybe gold needs to, you know, consolidate here, maybe we
• 8:15
  need to gather some energy before it breaks out, maybe we
• 8:19
  need some kind of catalyst for the market to, you know, get us
• 8:26
  out of this range. And so here's another piece of
• 8:29
  information that I'm looking at. And these are two technical
• 8:33
  analysis. One is called Relative Strength
• 8:35
  index and it's basically kind of like your speedometer in your
• 8:38
  car just tells you how fast price is moving relative to
• 8:42
  itself. And then this is a a MACD or
• 8:46
  moving average convergence divergent.
• 8:48
  This kind of just tells us the momentum of the market.
• 8:51
  Now they are both looking very positive to me.
• 8:54
  In other words, the RSI is above 50.
• 8:56
  That's a strong sign, but you can see that we've come from
• 8:59
  what would be considered an overbought condition.
• 9:03
  And again probably looking more like a consolidation here, we
• 9:07
  can see our Mac DS again, we're in positive territory.
• 9:12
  That's a good sign that we're in a bull market.
• 9:15
  But you know our momentum is in the negative.
• 9:19
  So that's kind of telling us that the market's just lost its
• 9:22
  edge, right. It's it's not really
• 9:24
  accelerating here. So again I think market needs to
• 9:27
  probably digest some of this price action that we've seen you
• 9:31
  know since the beginning of the year.
• 9:32
  And then what we can do is look at from a risk to reward ratio
• 9:38
  well where can we measure a breakout or where we might say,
• 9:43
  hey this is where the price, you know if it gets below there then
• 9:49
  you know maybe you know conditions are are starting to
• 9:52
  change a little bit. Can I ask you a quick question
• 9:55
  John, I I hear, I hear people talk about like consolidation
• 9:59
  phase and and and you didn't say that but that's maybe what I was
• 10:03
  hearing. Does that mean that essentially
• 10:08
  like you know that that we've had a big move we need to
• 10:11
  consolidate, Does that really mean like so that the people
• 10:14
  that maybe want to sell can sell and that we can form a new base
• 10:19
  from which we could go higher or am I wrong?
• 10:22
  On that, yeah, exactly, exactly. That's really price momentum or
• 10:28
  markets go through phases of impulses and corrections.
• 10:32
  So ups and downs, right and trending, right.
• 10:36
  And you've probably heard the expression trends your friends
• 10:39
  to the bend to the end, but that only happens about 25% of the
• 10:43
  time, maybe 30% of the time. Most of the time markets are in
• 10:46
  what we consider a sideways or trend less action.
• 10:50
  And yes, what usually happens is you reach a level where you
• 10:55
  might have sellers who have been waiting to sell and they've
• 10:59
  created what is called a level of supply.
• 11:01
  In other words, they're bringing shares or in this case could be
• 11:07
  you know, actual physical gold to the market and say, hey, I'm,
• 11:10
  I think this price is a good price, right?
• 11:13
  And then on the other side then you have, you know your bulls or
• 11:16
  your buyers will say, well you know if price falls to this
• 11:19
  level, I feel that that this is a good area to buy.
• 11:23
  And So what happens is then you can get this kind of this range
• 11:26
  where sellers will be up here and buyers will be down there
• 11:29
  and then you get like your day traders and your intraday or
• 11:33
  weekly speculators will kind of just push price back and forth.
• 11:36
  And that is what you would consult call you know a
• 11:39
  consolidation range? I have.
• 11:42
  I have one more question for you John.
• 11:43
  I'm sorry to keep interrupting you fascinating to me.
• 11:47
  So when when let's talk about gold for a second.
• 11:49
  Obviously we've been at, you know, new all time highs.
• 11:53
  How, how important is it when something hits a new all time
• 11:57
  high that let's say obviously there's people who are thinking,
• 12:02
  well if gold ever hits 2700, I'm going to sell, if gold hits 2800
• 12:07
  I'm going to sell. But there aren't people.
• 12:09
  There's not like a massive group of people who bought gold at
• 12:14
  2800 who are saying, hey if gold ever hits 2800, I want to get my
• 12:19
  money back. Does that does that play in?
• 12:21
  I mean is that component of a new all time high?
• 12:24
  Did that when you think about all time highs that have been
• 12:27
  created and then when you come back and you test them then yeah
• 12:32
  that would be something a level of support or resistance.
• 12:36
  Again think about it. But again what you're saying is
• 12:39
  an we're at an all time high and I I love how when folks ask me
• 12:44
  questions that lets me transition to to the next
• 12:47
  segment. But here you know again I'm
• 12:49
  looking at a chart here that let me go out to let's say a 20 year
• 12:53
  chart. Again we we don't have any
• 12:57
  reference points, we don't have any values above here, right.
• 13:01
  There's no previous all time. Yes, we just recently made an
• 13:05
  all time high. I think it was around 24424,
• 13:10
  four hundred, 440 something like that.
• 13:12
  Yeah. But the point being is yeah,
• 13:14
  there might be some folks who say, oh, I missed out last time
• 13:17
  and I might be a seller. But this is what's really
• 13:19
  fascinating about futures markets and why I like using
• 13:24
  futures markets to help me to find where prices could go
• 13:30
  because futures markets can, can help us predict where futures,
• 13:34
  where prices can go. So I'm what I'm doing here now
• 13:37
  is I'm going to move away from our June contract and I'm going
• 13:40
  to go to futures contract prices of all the gold futures
• 13:45
  contracts that are available for us to trade.
• 13:48
  And you can see that if I go out to like 2029, you know gold
• 13:54
  prices based on the futures markets are at $2700 already.
• 13:58
  So that's something that you need to be aware of.
• 14:01
  So there's one futures contract that I really like to watch when
• 14:04
  I look at gold and that's the December contract from year to
• 14:08
  year. I just think that that is a very
• 14:10
  dominant market. You know it's the end of the
• 14:12
  year. That's kind of how where your
• 14:14
  commercial traders, you could probably tell me you know when
• 14:18
  they do their balance sheets or their their financial
• 14:21
  statements, they kind of use that end of the year price right
• 14:24
  is to to define you know what the value of the reserves are.
• 14:28
  So the December contract has a lot of importance.
• 14:31
  So let's do this, Let's go and look under the December contract
• 14:35
  and what I'm going to do is I'm going to pull up the the chart
• 14:38
  for that December contract and this is kind of what I was
• 14:45
  saying before was here I'm in a contract specific chart means
• 14:50
  I'm only looking at the price information that is related to
• 14:52
  this December contract and we've kind of broken this trend.
• 14:55
  I don't care how you draw a trend line.
• 14:58
  You know, trend lines are kind of subjective, you know, either
• 15:01
  this one here or that one. But we both can agree based on
• 15:04
  what we see here that this trend that we saw since about February
• 15:09
  is probably broken, right? And now we're in this kind of
• 15:12
  this sideways action. Do you see that?
• 15:15
  Absolutely right. Now we do see an all time high
• 15:19
  in the December contract that is around $2500 and I did notice
• 15:23
  and behind you you got a little bear there.
• 15:25
  I'm guessing that's kind of where you're guessing when the
• 15:27
  market is going to go right is? Just so you know, his blindfold
• 15:31
  comes off when we hit 2500. So.
• 15:34
  He was is the gold bear responsible for what was the
• 15:38
  bear market in gold? So that's the story behind.
• 15:40
  It's kind of like punishment, right?
• 15:42
  And and and I have twin 12 year old daughters that you know,
• 15:45
  play into this whole situation as well.
• 15:48
  That'd be. That'd be fun to see that.
• 15:50
  So let's go back to this. So here I have identified a
• 15:53
  recent high in the December contract and so this blue line
• 15:57
  here represents the closing price on that day and that's
• 16:00
  2443, right. So again, this information that
• 16:06
  we're looking at is unique or specific to the December
• 16:08
  contract. We have a $2500 all time high
• 16:12
  and we have a recent high of around 244340.
• 16:18
  Now let's reverse our analysis and I'm going to go back to the
• 16:22
  nearby contract, in other words the most active contract month.
• 16:27
  And you know, notice how my trend lines have gotten a little
• 16:31
  bit away because the June contract is a lot cheaper than
• 16:35
  the December contract, but the price values are not.
• 16:40
  And you can see that that circle where I identified that most
• 16:44
  recent high in December contract is our all time high for our
• 16:49
  June contract. Isn't that kind of fascinating
• 16:51
  how these two things come together?
• 16:54
  So what does this mean? Well, this means that if we
• 16:57
  believe that gold prices are going to go higher, right?
• 17:02
  And we think about where this value is to current gold prices,
• 17:07
  right. It's almost $100 away, but for
• 17:10
  the December contract it's only about $2530 away.
• 17:15
  So we need to see the December futures contract take out that
• 17:19
  recent high at 24120 four 43 and that was set up for us to come
• 17:25
  and retest this all time high. And again, what you're kind of
• 17:29
  saying is maybe then at that point we might see sellers, but
• 17:33
  you also might get FOMO, right? You get those who say, hey, I've
• 17:36
  wanted to buy gold and I've been waiting and waiting, waiting to
• 17:39
  get a pullback and now it's breaking out of the range and
• 17:42
  now I think it's going to go higher.
• 17:44
  So this would be one of those kind of those lines in the sand
• 17:47
  that we could say, hey, this is where I'd be a buyer in gold or
• 17:52
  a confirmation that we're going to go, go higher.
• 17:55
  If you're looking to buy gold, silver, or platinum, do yourself
• 17:58
  a favor and check out Pimbex, the online precious metals
• 18:02
  bullion dealer and sponsor of Ron's Basement.
• 18:06
  I was a happy customer before they offered to support the
• 18:09
  channel. You'll find they have the best
• 18:12
  prices, quality, and service. I think Pimbex is best and you
• 18:17
  will too. And be sure to tell him that
• 18:19
  you're from Ron's basement. So if it feels like we're in a
• 18:23
  bit of a a holding pattern right now with the gold price, is that
• 18:28
  a, is that a safe assessment? Yeah, I think that is a very
• 18:31
  safe assessment, right. And we need some kind of
• 18:34
  catalyst, right. We don't know what that catalyst
• 18:36
  is going to be. I'm sure we could spend hours of
• 18:39
  talking about the different fundamental aspects of what is
• 18:42
  driving price of gold now. But yeah, I think if you think
• 18:46
  of look at what the market is doing in the broader markets,
• 18:52
  not only just the the gold market, we're kind of in a
• 18:55
  doldrum. So even on in the, you know, in
• 18:57
  the equities markets, right, we're kind of in, in a sideways
• 19:01
  trending action. But again that's gold, right.
• 19:06
  But there's other precious metals, there's some precious
• 19:09
  metals I think that are doing a lot better.
• 19:10
  So if you want to talk about silver, I think.
• 19:14
  Yeah, what I was going to say what about silver?
• 19:17
  Because I think we've seen some interesting action.
• 19:21
  One thing I've I've noticed just recently is while gold does feel
• 19:25
  like it's in a consolidation or a holding pattern that silver
• 19:30
  is, it just feels like to me over the last couple weeks maybe
• 19:35
  exhibiting a a little more a moderate level of strength, but
• 19:41
  that that's just kind of what I'm saying.
• 19:42
  You're the one who who who knows the data.
• 19:46
  Yeah, let's, I mean, let's, let's look, look, look at
• 19:48
  silver. So, OK, put that chart back up.
• 19:53
  So here's silver. OK.
• 19:54
  And So what we see with silver, again, I'm in a daily chart here
• 19:58
  looking over the last six months, we'll see a little bit
• 20:01
  of different story, right. And we see that we're still
• 20:04
  holding this up trend, not that like we saw in gold.
• 20:08
  And then let's look at our Rs Is and our back DS.
• 20:12
  We're in the Mac D The momentum is crossed.
• 20:16
  Here and we're still in positive territory.
• 20:19
  So this momentum cross is actually a bullish sign and this
• 20:24
  is a sign that we're in a very strong trend and that that
• 20:28
  momentum should continue. Remember gold we were we were in
• 20:32
  positive territory but we were still had a negative histogram.
• 20:35
  Here we're getting a positive crossover and our RSI here is
• 20:40
  now getting back towards that where we could think maybe
• 20:46
  overbought. Now overbought is a general
• 20:48
  term, I would not say just because it's overbought, it's an
• 20:51
  opportunity to sell. It's just telling you that your
• 20:54
  your price is moving very fast. But there is one thing about RSI
• 20:58
  that you can look for is in strong bull markets the RSI will
• 21:03
  shift. Actually the overbought and
• 21:05
  oversold conditions will shift and typically you will not see
• 21:11
  the RSI value fall below 40. This is a sign of strength.
• 21:16
  And you can see in the last two corrections or dips in the
• 21:20
  silver market, our RSI did hold above 40.
• 21:24
  So this is another piece of information that is showing us
• 21:29
  that the momentum and the strength and the speed of silver
• 21:32
  is a lot stronger than it is in gold.
• 21:36
  And that could be for a lot of different reasons.
• 21:39
  And I think I want to kind of mention about the gold silver
• 21:42
  ratio, but let me just give you one more piece of information in
• 21:45
  terms of silver. So let's look at silver in a
• 21:51
  really big picture, right. And again, we're looking at
• 21:56
  going back to almost the hunt days here.
• 21:58
  This is back in the 1970s. Back when?
• 22:01
  Back when you were in London. Yeah.
• 22:04
  Well, not not in the late 70s, but yeah, certainly it was an
• 22:10
  active time. I think it was only about 7,
• 22:12
  seven to 10 years old back then. But but but you talked about
• 22:20
  chart patterns, right. And what we see here is kind of,
• 22:24
  let me make this a little bit smaller in time frame is this is
• 22:29
  kind of what we call a head and shoulders, right.
• 22:32
  I think you mentioned to me and when before we came and we
• 22:35
  talked about cup and handles. You know, a lot of times a cup
• 22:38
  and handle it will have a inverted head and shoulders
• 22:41
  embedded in it and that's kind of what we're seeing here,
• 22:44
  right. So you have the left shoulder,
• 22:46
  the head and the right shoulder. And so in in technical analysis,
• 22:52
  head and shoulders when you break the neckline which is
• 22:55
  where you in this case would be where the resistance is, a real
• 22:59
  head and shoulder would be your support line.
• 23:02
  Then what you can do is you can measure a move based on where
• 23:08
  the head is to the neckline now depending on how you define a
• 23:12
  neckline, right. So I did a more aggressive
• 23:15
  neckline here which kind of lines up all these highs and you
• 23:19
  know this kind of monthly high that we're in right now.
• 23:24
  So that would be here. But if we say let's say all time
• 23:27
  highs or we look at highs over let's say the last few years,
• 23:31
  you know and we're going back until you know 21 here 20
• 23:36
  September 2020, you know that's around $30.00.
• 23:41
  But if we project that out right then that breakout would put us
• 23:47
  in and I wrote this down this morning, did my research for you
• 23:51
  around 4128 and to 4275. That would be a a target.
• 23:58
  You could say if again this is part of technical analysis, if
• 24:03
  we can break above $30, if this momentum continues.
• 24:07
  And if you look at this chart here, you got three nice really
• 24:10
  strong green candles which is kind of telling me that the
• 24:14
  market right is you know the momentum of this one is really
• 24:18
  catching, you know continuing to you know moving the in the right
• 24:24
  direction certainly for silver. And and then and then you have
• 24:27
  the fundamental facts supporting the silver price as well that
• 24:34
  could help possibly even accentuate what what happens.
• 24:37
  I guess the fundamentals are the, I don't want to say the
• 24:40
  backbone, but obviously just the basic supply demand story for
• 24:45
  Silver right now it, excuse me, it's impressive.
• 24:50
  Yeah, one of the fundamentals that I know of and one of the
• 24:54
  things I do on Wednesdays, I have free webinars.
• 24:56
  This Wednesday we're going to do a webinar on investing on the
• 25:00
  power grid. And what we'll discover in that
• 25:03
  webinar is that solar energy is going to be one of the the key
• 25:07
  components of renewables that is going to help supplant, you
• 25:12
  know, your carbon based power source.
• 25:15
  And silver is used in, you know, in the cells, the photo
• 25:20
  photoelectric cells, I forget what they're called
• 25:22
  photovoltaic. Thank you very much.
• 25:24
  That's OK. Yeah.
• 25:26
  So silver is part of that. So there is the very strong
• 25:30
  fundamental demand for silver. Now there's also, you know
• 25:34
  silver also has a lot of other interesting properties.
• 25:37
  It also has antimicrobial and fresh water is definitely going
• 25:43
  to be something that in the future, especially in 3rd world
• 25:47
  countries, that's going to be very important.
• 25:50
  So there's a lot of research about how incorporating silver
• 25:54
  into like filtration systems that it helps to clean water.
• 25:58
  So there's a lot of aspects to silver in terms of industrial
• 26:03
  demand that I think is a mega trend for for silver.
• 26:08
  But let's look at this again in this term of this head and
• 26:10
  shoulders. I mean this Head and Shoulders
• 26:12
  took four years to be completed. Again, we still haven't broken
• 26:18
  about $30.00, so I don't think that we'll wake up tomorrow.
• 26:21
  And so that's going to be at $42.00.
• 26:23
  I think it might take a while for it to get there.
• 26:26
  Maybe a year, year and a half, maybe two years, but that mega
• 26:31
  trend certainly seems like it's in in play once we can get
• 26:34
  silver above $30, yeah. First, Mining Gold is a
• 26:37
  development company advancing two of the largest gold projects
• 26:41
  in Canada, Spring Pole in Ontario and Du Parquet, located
• 26:46
  in Quebec. Each already has 5 million
• 26:49
  ounces of gold reserves, but exploration initiatives are
• 26:53
  under way at both projects to find even more gold.
• 26:58
  First mining is well financed, has zero debt and owns an
• 27:02
  interest in four additional Canadian gold development
• 27:05
  projects. So, so we have a A cup and
• 27:10
  handle on a long term basis within the silver market, but
• 27:15
  then there's actually an inverse head and shoulders which is
• 27:19
  bullish embedded within the handle.
• 27:22
  Is that is that a safe assessment?
• 27:25
  It could be, yes. It could be that this could be
• 27:27
  the handle of a much larger time frame, but I think this is more
• 27:33
  of an inverted head and shoulders at a bigger time
• 27:38
  frame. What I would be looking for is
• 27:40
  maybe a cup and handle in your smaller time frame.
• 27:46
  Again, I've gone back to your daily here, Here's your six
• 27:50
  month daily and let's do this. Let's kind of make this so it's
• 27:53
  nice and clear for everybody. Can you can you sometimes have
• 27:55
  cup and handles embedded within cup and handles is.
• 27:58
  That for sure right the. Double the double the double
• 28:02
  insulated cup I. Guess, yeah, I mean you kind of
• 28:04
  get, here's your kind of your, you know, your cup, right, And
• 28:08
  there's your handle, right. So yeah, so you can see that.
• 28:12
  And that's very common what's called fractal recognition,
• 28:15
  where you'll see something in a higher time frame and then when
• 28:18
  you go down to the lower timeframe, you'll see that same
• 28:20
  pattern. You know the prices will be
• 28:22
  different, but the pattern will be the same.
• 28:24
  That's called a fractal recognition.
• 28:26
  Interesting, interesting. What?
• 28:28
  What what do you see when you compare silver to gold?
• 28:33
  Do you look at the silver to gold ratio or gold to silver
• 28:36
  ratio at all, John? Yeah, I think that's a great
• 28:39
  tool. Again, another piece of
• 28:41
  information where you can kind of compare, let's say the value
• 28:46
  of gold versus silver and say, well is 1 stronger or is it
• 28:51
  increasing similar to like a comparison I showed you to the
• 28:55
  S&P. And I think there's some kind of
• 28:59
  historic values that we can kind of look in.
• 29:02
  So let me show you that. So here is, and this is from
• 29:05
  goldprice.org. So this is the gold, silver
• 29:09
  ratio and this goes back again back to the 70s again when I
• 29:14
  started on the floor in silver, you know 50 gold to silver ratio
• 29:21
  was a large amount and you kind of you could trade off of that.
• 29:25
  When he got above 50 usually in the market would pull back gold
• 29:30
  prices, would pull back relative to silver prices.
• 29:33
  But that you can see since you know the turn of the century
• 29:37
  that ratio has changed. But if I drew a line of best
• 29:41
  fit, in other words where would the value be that was kind of a
• 29:45
  medium value you can kind of see here around 70, right. 70 acted
• 29:50
  as a level of support in the 80s and early 90s.
• 29:55
  Then it became an area of resistance and then it became an
• 30:00
  area of support and then an area of resistance and so on and so
• 30:03
  on. So understanding that and the
• 30:07
  fact that we see silver now accelerating and gold is kind of
• 30:11
  trading sideways. So maybe what we might see is
• 30:14
  this ratio which is currently around 83 or so fall back into
• 30:21
  that kind of that line of fit around 70.
• 30:24
  And so remember that number we had for the December contract,
• 30:28
  the futures contract that was 2443.
• 30:32
  If we use the 70 ratio right, that projects silver to $34.90.
• 30:43
  Now the current price I believe is around $28.00.
• 30:45
  Is that correct? Yes, Yep, about 2850.
• 30:49
  So let's go back to our silver chart and again let's look at
• 30:55
  this in terms of our big picture and that little dot there, I
• 31:01
  don't know if you can see that there, right there and maybe
• 31:05
  I'll do this, Let's do this. Here it is.
• 31:11
  I drew drew it here. That's around $35, thirty 490
• 31:15
  ish area. And if we look at that value and
• 31:22
  we look to the left, here's where that thought or that
• 31:27
  concept where you were saying hey this is where sellers were
• 31:31
  last time. This is those past former all
• 31:35
  time highs or recent highs or areas where our sellers are
• 31:39
  saying hey at $35 I want to sell my silver.
• 31:43
  So this really to me I think is a very significant level in
• 31:48
  terms of the gold, the silver ratio, but also in when we do an
• 31:53
  introspective, just silver itself, these are some very
• 31:56
  significant highs. And I think this number is a lot
• 32:01
  more manageable or at least attainable for silver in the
• 32:04
  near term, let's say the next six months to the end of the
• 32:07
  year. Instead of that, you know that
• 32:10
  grandiose neckline breakout up to about $42.00.
• 32:17
  So you think $35 let's say in like a six month time frame is
• 32:21
  more realistic possible than that big massive breakout up to
• 32:26
  the the $40? Right.
• 32:28
  So again, you don't, you know, we don't transport ourselves
• 32:32
  from one place to another. We got to, you know, you got to
• 32:35
  go through, you know, different states or whatever, right.
• 32:38
  So this would be an area where I would, if I was trading silver
• 32:44
  and I was long, I brought bought this $30 breakout, that would be
• 32:48
  my objective, that'd be my target and then I can manage my
• 32:51
  risk that way of saying if that's my target, how much risk
• 32:53
  do I want to take to get that potential target right.
• 32:57
  Interesting. Interesting.
• 33:00
  Anything else about Silver specifically that you want to
• 33:03
  talk about? No, I just think that again, you
• 33:09
  know, I'm just laying on a bullish scenario for you.
• 33:13
  Sure, But we still need to, you know, get above, you know,
• 33:18
  $30.00. So what's the bearish scenario
• 33:21
  or what's the worst case scenario?
• 33:23
  Well, again, you know, if we break this trend line, one of
• 33:28
  the technical tools I love is Bollinger Bands.
• 33:30
  What I love about Bollinger Bands is it kind of gives you
• 33:33
  this playing field of probability, I call it.
• 33:37
  And when we look at silver here, right, we are in the upper half
• 33:45
  of the Bollinger Bands. Our Bollinger Bands are kind of
• 33:48
  come in a little bit and this could be a sign that we're about
• 33:51
  to expand volatility or increase our Bollinger Bands.
• 33:55
  But notice that the mean here is around 2779 and that is now kind
• 34:02
  of correlating with our trend line.
• 34:05
  So I think as a risk management tool there is if price got below
• 34:10
  this level or broke this trend line that would be a concern to
• 34:14
  me and that maybe what we'd see is price fall to the outer lower
• 34:19
  band which would be around 26, looks like 35 area.
• 34:23
  Again let's look at our moving averages.
• 34:26
  Notice how our 20 day moving average falls in line right with
• 34:33
  this kind of this trend line and this area.
• 34:35
  So again I think you can kind of manage your risk that way saying
• 34:38
  hey we're says case scenario price rolls over.
• 34:42
  You know we really want to see market hold there.
• 34:45
  But I do like the 50 day moving average and you can see that
• 34:47
  that 50 day moving average is right on the lower end of our
• 34:52
  Bollinger. And so today the 50 day moving
• 34:54
  average is at 2680. And if we look at that in terms
• 34:59
  of our Bollinger Bands, you know it's 2630, you know, 30 cents,
• 35:03
  $0.50 difference there. But again, I love the fact that
• 35:07
  moving averages and our Bollinger Bands are kind of
• 35:11
  showing us the same values. This is what we call the
• 35:13
  confluence of evidence and that's why technical analysis,
• 35:17
  this is an important aspect to, you know, when we try to decide
• 35:21
  if we're going to do something or we're going to trade or how
• 35:24
  we defined our risk in terms of, you know, trading.
• 35:29
  Yeah, yeah. You know, the other component to
• 35:32
  the precious metals market would be the precious metal mining
• 35:37
  stocks. Do you ever look at the mining
• 35:39
  stocks and the relationship between the mining equities and
• 35:45
  let's say the gold price or the silver price?
• 35:47
  Because a lot of people are saying when they're looking at
• 35:50
  certain ratios that there's a there's a gap, maybe an
• 35:53
  opportunity gap, possibly between, let's say gold being,
• 35:58
  you know, near all time highs, but that the miners maybe
• 36:02
  haven't really caught up yet. Do you do you see anything when
• 36:05
  you look at those relationships? Yeah, I do and we can, we can
• 36:10
  look at that. But this is where I need to ask
• 36:12
  you a question. So when I started in the
• 36:14
  business, you know, I was taught or the commercials that I dealt
• 36:18
  with were telling me that they were hedging something and we're
• 36:21
  talking about large major, you know the barracks and the new
• 36:25
  mods like those they were hedging like 50% of their
• 36:30
  production. But that trend has dropped over
• 36:34
  the last few years, hasn't it? And that a lot of the junior
• 36:37
  miners don't hedge at all, do they?
• 36:39
  No, no, no. I mean actually to me it's, it's
• 36:43
  more of a rarity to hear. I think the last company that I
• 36:47
  heard like in the mid size sector, Equinox Gold, the Ross
• 36:51
  Beatty as the Chairman of that company that they're building a
• 36:55
  massive new mine up in up in Canada, the Greenstone Mine and
• 37:00
  they hedged, but I think it was only like 10 or 15% of their
• 37:05
  production going out for like 9 months.
• 37:07
  It wasn't significant. So yes, I would confirm what you
• 37:12
  what you're saying that it feels like really the amount of
• 37:15
  hedging going on in the mining sector now I honestly don't
• 37:20
  feel, I don't I follow more the mid, mid size and junior sector.
• 37:25
  But I can say with a pretty high level of confidence, you know,
• 37:29
  confirm what you what you confirm your observation that
• 37:32
  the big guys there's just not as much hedging going on now as
• 37:34
  there was. So my question would probably be
• 37:38
  and and then get and this is an open end question is as we reach
• 37:41
  let's say that 2500 level, do we think that some of these miners
• 37:47
  will step in and do some hedging or if they're going to expand
• 37:50
  productions, how do they raise capital, you know or maybe this
• 37:54
  is a dynamic of you know how these folks raise capital.
• 37:58
  Maybe in the old days it was more in the public market and
• 38:01
  they needed to hedge to get money from banks so that they
• 38:04
  can maybe now the investment is coming through the private
• 38:07
  sector right or private equity. So that could just be a dynamic
• 38:10
  that is in you know how they raise money, how they raise
• 38:15
  capital for increasing the production.
• 38:18
  I think another thing that to consider also is that the
• 38:23
  precious metals mining sector generally speaking went through
• 38:27
  a 10 year period where there was a a laser focus on cleaning up
• 38:33
  the balance sheets. So these companies don't
• 38:37
  generally speaking have much less debt today as opposed to 10
• 38:43
  or fifth. They really learned a tough
• 38:44
  lesson I think it was back in 2011 where they were all
• 38:47
  levering up and doing major acquisitions and that it has,
• 38:53
  has has flipped 180°. Now you hear talk of you know
• 38:57
  Fortress balance sheets and you know I I think a lot of these
• 39:02
  companies at $2500 gold are are are printing money right.
• 39:08
  You know, so the need to finance could be, you know, could be not
• 39:15
  not as great as what maybe what we saw ten years ago.
• 39:19
  Well, that would make a lot of sense, right, Because I, I don't
• 39:21
  know what the production cost is, but I've heard anywhere from
• 39:24
  $850 to $1200, you know, an ounce, right.
• 39:30
  So even if even in a conservative at $1500 you you
• 39:35
  like you said they're, they're just printing money.
• 39:37
  So that would be, you know, they don't need to raise money, they
• 39:39
  can generate it, you know, positive cash flow, right?
• 39:43
  A lot, A lot of them are actually paying off.
• 39:45
  That I know. Like the company well, one
• 39:48
  sponsors my channel, Fortuna Silver.
• 39:52
  They paid off like, oh, like almost 120 million in debt, 40
• 39:58
  million during each of the previous.
• 40:00
  And they already had very little debt.
• 40:02
  So a lot of the companies are. Are are deploying this excess
• 40:07
  cash flow that they're generating right now to actually
• 40:10
  pay off debt, which is making the industry much more I guess
• 40:17
  robust from a balance sheet perspective.
• 40:20
  But the problem not to get off into the weeds here and I think
• 40:24
  this is even a bigger problem in the silver mining industry is
• 40:29
  that as a result of this focus to pay off debt, they're
• 40:34
  neglecting their pipelines, there's not been the extent of
• 40:38
  exploration and development work within that sector.
• 40:42
  So I hear this all the time in particular to silver that you
• 40:46
  know, if we get $40 silver, $35 silver like you talked about
• 40:51
  earlier, it's not like there's a big robust pipeline of new
• 40:55
  projects that are going to be available.
• 40:57
  You know it's not like you just turn a switch and and and start
• 41:01
  producing more silver. I think there could be some
• 41:03
  minor modifications at existing operations, but in terms of a
• 41:08
  whole big new source of silver coming onto the market in
• 41:11
  particular and it's true with gold as well, it's just not
• 41:15
  there because the investments have been, I mean people what
• 41:19
  what the silver community will say and I think I would say it
• 41:23
  as well as the artificially low prices that we've had in silver.
• 41:28
  I mean silver miners are lucky to be breaking even at 2223
• 41:33
  dollars silver and we were in that range for quite a long
• 41:36
  period of time. It's just kind of recently here
• 41:38
  that I think the silver miners are starting to actually
• 41:41
  generate a profit. Starting to benefit, but to your
• 41:44
  point is now we have, we have leaner companies and then that
• 41:48
  makes those stocks more attractive, right.
• 41:51
  And then we can come and do that analysis.
• 41:54
  So let's do this real quickly here.
• 41:56
  So here's the gold miners ETF, the G, the GDX.
• 42:03
  So again remember gold we said was kind of in the sideways
• 42:06
  action and you know we're waiting for that kind of the
• 42:08
  catalyst and you can see that right here's the gold miners,
• 42:11
  but they are doing a little bit better in comparison to the S&P.
• 42:16
  We are above the 20 day moving average.
• 42:19
  We didn't see in gold the futures contract and we do see a
• 42:22
  nice strong up, so being 50 day moving average.
• 42:24
  So these are all nice positive things.
• 42:27
  But the caveat here, Ron, to me is we have two tops, right?
• 42:33
  One here and one here. And this could be a double top
• 42:38
  formation or you know, maybe, you know, if we micromanage this
• 42:42
  one, we could say this could be a cup and handle.
• 42:45
  But the point that I want to make here is let's add a
• 42:48
  different analysis here. I'm going to go down here into
• 42:51
  my templates and I'm going to add volume and this is kind of
• 42:55
  where I'm concerned with the gold miner stocks is we had this
• 43:00
  large surge in volume when we made this high and that's
• 43:03
  usually a good sign. But large volumes at tops and
• 43:05
  bottoms usually is a a sign of potential reversal in trend.
• 43:11
  And we did get a little bit of of sideways action.
• 43:14
  And what has volume been doing since then as we've been rising
• 43:18
  here? Well, volume has been falling.
• 43:20
  Now that necessarily is not a bad thing, but it's not a good
• 43:24
  thing, right. We really want to see volume
• 43:26
  increasing in a rising trend or in a dominant trend.
• 43:31
  So we're not getting that volume confirmation.
• 43:35
  Now if we broke above here and we saw a large volume increase,
• 43:41
  right, money flowing into gold ETFs as people who are chasing,
• 43:46
  you know, the price of gold, then I think that would be a
• 43:48
  good sign. So I'm a little concerned in
• 43:52
  terms of the gold mines per SE, right?
• 43:56
  Yeah. Can I ask you a quick question?
• 43:58
  Yeah, sure. As we as we see a rising price
• 44:02
  for the GDX for the gold miners, but a a tapering off on the
• 44:07
  volume, that means we have fewer buyers but even fewer sellers.
• 44:14
  Just means there's less enthusiasm to the market.
• 44:18
  In other words, the market participants feel comfortable
• 44:24
  with price or that they don't feel the need to come into the
• 44:29
  market and or there's just no, I guess you could say volume is
• 44:37
  kind of the fuel and energy that drives price, right.
• 44:41
  So without volume to confirm our price, this is kind of a a
• 44:46
  warning sign to us that we might see, you know, a bit of a
• 44:50
  correction in it. But again, if we look at these,
• 44:52
  these stocks that are in this, this sector, let me do that.
• 45:00
  And so I can go down here and look at constituents and there
• 45:05
  are the difference. You know, there's all the
• 45:07
  different gold miners that are in here and you can see some of
• 45:10
  the ones that are present here. But let's do this.
• 45:17
  I'm going to Newmont and I want to see who is in the gold and
• 45:22
  silver ores sector. And so this is kind of where I
• 45:29
  think what what you're saying and what I'm also saying is I
• 45:34
  I'm not familiar with these miners.
• 45:36
  So this is really your expertise, but I'm guessing that
• 45:40
  a lot of these are probably mixed miners, right.
• 45:43
  They're doing gold and silver or there are they're silver miners
• 45:47
  and so you can see that year to date or they're weighted alphas
• 45:51
  of those that have done really well where your, you know your
• 45:55
  new monts and there's your. Barrick, right?
• 45:59
  Copper copper's a big copper's a big component, kind of driving
• 46:06
  some of the precious metals mining companies right now as
• 46:09
  well. Right.
• 46:10
  So who who's the, the performers, right.
• 46:13
  You know, maybe those miners that have a mixed basket of
• 46:19
  production, right? Gold, silver, copper, plank.
• 46:23
  Right. Yes.
• 46:24
  Yep. Exactly.
• 46:26
  And so if I was an investor and I wanted to look for
• 46:30
  opportunities in those sectors, I think what I would do is
• 46:34
  instead of looking at the ETF, so we'd look at the performers
• 46:38
  that are in those sectors to say, hey, let's see which ones
• 46:42
  are outperforming inside of that sector.
• 46:44
  And then I would go and that's kind of a comparative relative
• 46:47
  strength analysis as you go from you know big picture and you
• 46:51
  kind of drill down and you know it was kind of a top to bottom a
• 46:55
  market comparison. Interesting, interesting.
• 46:58
  I know that the the Huey which is the, I think it's called the
• 47:03
  ARCA Gold Bug Index. The Huey to Gold price ratio is
• 47:08
  still at what a lot of people think are are is like historic
• 47:14
  low levels around point 1.12 that again that's that index as
• 47:20
  compared to the to the gold price and and that there could
• 47:23
  be you know I mean there were times in the past but it seemed
• 47:28
  like the average was more around .3 or .4 and then at some
• 47:33
  periods 1015 years ago it was even higher around .6.
• 47:37
  So does it feel at all to you as you analyze let's say gold,
• 47:42
  silver in the miners that that silver and gold.
• 47:46
  I'm sorry that silver and the miners potentially have more of
• 47:52
  an opportunity as we move into the next six months to a year to
• 47:56
  play catch up with gold if gold kind of holds where it is right
• 48:00
  now. I I think so, yeah.
• 48:02
  I think you can add up all those pieces that we just, yeah, laid
• 48:05
  out the value of the physical price, right, healthy balance
• 48:11
  sheet, right. And then you know how does the
• 48:15
  average investor right. You know, we look at the
• 48:19
  different sectors of the market, How does the, you know, Joe
• 48:23
  Public invest the market, How does, you know, a money manager
• 48:27
  invest, right. Are they going to go into the
• 48:29
  futures market? Probably not, right.
• 48:31
  Are they going to go and buy bullion bars, right, If they're
• 48:36
  going to buy, you know, coins, probably not, right.
• 48:40
  They're going to invest through either the ETFs or these
• 48:46
  individual stocks that are represent the ETF.
• 48:50
  So yeah, I think those those markets will probably have a
• 48:54
  greater upside potential. But again, you know you have to
• 48:59
  be realistic, you have to look at you know all time highs or
• 49:03
  you know recent highs and you know you got to do that math in
• 49:07
  terms of risk to reward ratios to tell you, hey, yes, this
• 49:11
  looks like a good, a good trading opportunity.
• 49:13
  Again, one that I can do is I can just look at these, I can go
• 49:17
  into our charts, our flip charts here.
• 49:19
  And I mean this when we talk about we looked at silver, we
• 49:23
  looked at gold, right. This looks like a much more
• 49:25
  dynamic trend, right, much more positive.
• 49:28
  Let's hear this pic. I don't know if you can pull
• 49:30
  this up here. Let me pull you up there.
• 49:32
  We. Go yeah, yeah this is this is
• 49:34
  Tras Trasco mines right. I mean that is right.
• 49:39
  It's it's actually breaking out today right now this is a six
• 49:42
  month chart. I don't know, I'm again, I
• 49:44
  don't, I don't follow these on a regular basis, but here's a a
• 49:48
  three-year chart, right. We're we're breaking out of
• 49:51
  major resistance right where we kind of right we we consolidated
• 49:58
  we waited for that energy and and now we're getting that
• 50:01
  energy now again. Hey, will you, will you do me a
• 50:05
  favor? If you can?
• 50:07
  Can you look at FSM at Fortune? I'm just curious what you would
• 50:10
  see. I don't know if that's possible.
• 50:12
  You're live as we're recording. FSM right here, this one.
• 50:16
  Frank's Frank Sarah Maria Fortuna Silver.
• 50:21
  Yeah. So six months, right?
• 50:23
  We've had that. We've just went to that period
• 50:25
  of consolidation, Range Valve, we've just broken out.
• 50:29
  Now one of the tools that I'll use for technical analysis is I
• 50:34
  want to confirm breakouts by a certain number or a value or a
• 50:38
  percentage. And one of the tools that we can
• 50:39
  look at, and I don't want to go weedy again, weedy here, but
• 50:42
  there's something called the average to range.
• 50:45
  So the average to range for Fortuna is $0.22 over the last
• 50:50
  20 days. So when we break out of a range,
• 50:54
  in other words a level of resistance, I want to see the
• 50:58
  price go at least a 1 1/2 or 2X of my ATR.
• 51:03
  So in this case, we could say somewhere around, let's say
• 51:06
  $0.35 to, you know, 40-4 cents, right?
• 51:11
  OK, so where was this recent high?
• 51:13
  Well, that recent high here was at $4.92 and so if we added 35
• 51:21
  to $0.40 to that, that would put us in around $5.30.
• 51:26
  So yes, it's broken out, but in terms of confirming that
• 51:30
  breakout, it's not there yet. OK.
• 51:33
  I think you need to get above, let's say, this five and a
• 51:36
  quarter. Now we're only looking into the
• 51:37
  short term here. We're looking at six months.
• 51:40
  So let's look at this on a weekly basis and notice what
• 51:44
  you're you're fighting, right? You're fighting that old
• 51:48
  resistance here and notice where that is, right?
• 51:51
  That resistance is around $5.55, but you know right there.
• 51:57
  So I think in terms of confirming a breakout of this
• 52:02
  sideways action, big picture technical analysis, I'm going to
• 52:07
  wait. If I was an investor on a
• 52:09
  breakout here, I'd be waiting for, let's say, I would like to
• 52:12
  see a weekly close above, let's say 5:00 and 4:45.
• 52:19
  What did we say, 42, four cents. So with it at 5:36, so five and
• 52:24
  a quarter to 536. Well, we're close there, right?
• 52:27
  We're not that far away. Go Fortuna.
• 52:32
  Hey John, this has been absolutely great.
• 52:35
  I just noticed we've been on for almost an hour.
• 52:37
  So on behalf of myself and our viewer, you have shared a just
• 52:43
  incredible amount of information.
• 52:45
  I know I've learned a lot during this.
• 52:48
  I want to pull up your your bar chart website and give you an
• 52:53
  opportunity to tell people if they want to learn more about
• 52:58
  you hopefully what on the screen right now.
• 53:00
  Let me double check that Everyone sees bar chart, yeah.
• 53:05
  I think you had it. I had it.
• 53:06
  Here we go. Yeah, there we go.
• 53:11
  Let me throw something in. I for the I honest for the first
• 53:14
  time this morning, I went out to this website and I found it
• 53:19
  very, very informative and I actually thought that the the
• 53:25
  news articles that were on this site were trying to think the
• 53:29
  best way to say it. You know, usually I go to Yahoo
• 53:32
  Finance, but there's a lot of fluff.
• 53:34
  I would say on Yahoo Finance that that there were just some
• 53:37
  really good pertinent articles. I actually used one of them in a
• 53:41
  live stream that I did earlier today.
• 53:43
  Awesome. Well yeah if you you see we just
• 53:45
  we're just talking about copper mining stocks here but you
• 53:48
  Scroll down there I think go Scroll down a little bit
• 53:50
  farther. I think there's a we do a
• 53:53
  analysis a fundamental analysis between Newmont and Berwick.
• 53:57
  So yeah so yeah I agree with you.
• 54:00
  So what I do is I I I create a lot of context.
• 54:03
  If you click on on the the header bars up there where it
• 54:06
  says learn. Learn, learn, learn.
• 54:08
  There it is. All the way at the right and
• 54:11
  then you see where it says bar chart webinars first column
• 54:15
  upcoming. So what I usually do is I create
• 54:20
  content based on trading ideas. These are free webinars and this
• 54:28
  is the one that we're going to do this this Wednesday.
• 54:30
  We're looking at for investment opportunities in American Power
• 54:33
  Grid. But do we do technical analysis
• 54:36
  or do we do a little fundamentals?
• 54:37
  We do look at options, we look at all users and these are all
• 54:40
  free to observe. We also, these will end up on
• 54:45
  our YouTube site, on a bar chart YouTube site.
• 54:48
  So you can watch them there. But also to really get deep into
• 54:55
  the bar chart website, you need to be a subscriber.
• 55:00
  Now you can be a free subscriber, which is really
• 55:02
  nice, but we also offer an opportunity to try out some of
• 55:06
  our advanced features and we have two categories, right, But
• 55:11
  you can do that for 30 days, a free trial.
• 55:16
  So in terms of the trading run, that is a risk free trade, OK,
• 55:21
  so. Gotcha, gotcha in the in the
• 55:24
  webinars here are free for people to to to to to attend and
• 55:30
  I would imagine kind of get a feel for what for what bar chart
• 55:34
  has to offer is and bar chart would be helpful for someone who
• 55:39
  likes to trade the markets. Is that a?
• 55:42
  Is that a safe? Yeah, I think I think there's
• 55:44
  something for everybody from, you know, just the small
• 55:48
  individual investor, you know, if you're just a kind of a buy
• 55:52
  and hold trader to somebody who is a little bit more dynamic,
• 55:57
  you know, maybe trading futures markets, momentum traders, swing
• 56:01
  traders. So I think there's a little bit
• 56:02
  of options traders. It's a little bit of information
• 56:06
  or a lot of data. Sometimes I'm not just being how
• 56:09
  much data that we provide and for a monthly subscription and
• 56:14
  again it's like one visit to Starbucks so put down the coffee
• 56:20
  and and and start checking this out you.
• 56:24
  Know, brew your brew, brew your own coffee and and make some
• 56:27
  serious money. Save the 10 bucks and spend it
• 56:30
  for a nice subscription, yeah? Yeah, yeah.
• 56:33
  Well, John, thank you. I will put links to the bar
• 56:35
  chart website and then anything else that you send me that you
• 56:39
  want me to put links to at the top of the description.
• 56:41
  This has been great and I'll I'll try to get on your schedule
• 56:46
  again maybe in six weeks or so as things transpire and we can
• 56:51
  you know keep everybody up to date in terms of what's going on
• 56:54
  from a technical analysis perspective in the market.
• 56:57
  Because you know, the, the people that have joined us
• 56:59
  today, I can tell you are gold and silver and precious metal
• 57:03
  mining stock enthusiasts. I tend to focus more on the
• 57:07
  fundamental side. So to have a guy like you who's
• 57:10
  an expert at analyzing these charts has been a real treat for
• 57:15
  me and for all of our viewers. So thank you.
• 57:17
  I appreciate the opportunity to talk to your folks.
• 57:20
  Ron and I look forward to coming back and spending more time in
• 57:25
  in Ron's basement. That's right.
• 57:28
  And you never know, John, next time you come, that blindfold
• 57:30
  might be off that bear. Hey, I think you need a foosball
• 57:33
  table or something. Maybe air hockey is.
• 57:36
  There's a ping pong table behind me, so.
• 57:38
  Where I can't see it. Now that's the bear.
• 57:41
  He's right. You can see the there.
• 57:42
  There's the one of the legs right below the pin back spot.
• 57:45
  So it looks more like a storage shed than it is a ping pong
• 57:48
  table, yeah? It is.
• 57:50
  It is so. All right, John.
• 57:52
  Thanks. We'll see you soon.
• 57:53
  All right. Thanks so much.