thank you [Music] I'm Charlotte McLeod with the investing News Network and here today with me is charmedic portfolio manager and consultant at edit Consulting thank you so much for joining me today great to see you as usual likewise Charlotte thanks for having me really good to be checking back in with you and we're picking up on a conversation that we had back in May when we were speaking at that point gold was still above 2000 but you told us that a pullback to 1900 wouldn't be a surprise and it might even be welcome in


terms of consolidation so just this week we've seen gold get back down to that 1900 level and I'm curious to know what you see coming in the next couple of months especially given that we're entering the summer period which tends to be a little bit slower yeah great question so when you and I interviewed in Vancouver uh in January I mentioned that gold would probably bounce off of that 1790 to 1800 level I mentioned that as support again on one of your other shows and that has helped so if you


remember in January I think we got between 18 10 18 20 it had Dallas a couple of times off of that and then it went all the way to 2000 plus right so uh tactical you know analysis to us is extremely important and we use it in every thing that we do we like to combine that with fundamental analysis right um but technicals are what we look at first and that's kind of why because a lot of big Traders look at technicals um so yes we said 1900 will be Revisited that did happen uh the good news is it


bounced back and closed above 1900 which is bullish but we're still seeing a pretty Grim picture in some of these Commodities you know um sober had has held 22 but hasn't really done much and so that gold is silver ratio right now you know is is at 85 which as you that's just for your listeners edification that means dividing the price of gold per ounce by the price of silver per ounce and then that's 85 right now so when that gets to a 90 Ratio or higher silver is usually a buy almost every time going back you


know 30 plus years so we we are keeping a close eye on sober as one of our top five Holdings we like you know sober equities if silver does bounce here of course and so we're taking you know July and August uh Charlotte to kind of position into some names thinking that we're going to get some type of rally you know late August into November um and and summertime is is and you know in December as well and when people aren't doing their homework is when we're kind of doing most of our work


because um you know this is when you could pick up some huge Bargains and then if you feel like you know doing something with them and disposing them later you know next year the year after I mean you're going to make some considerable money we think okay and do you think you could talk about the support and resistance levels that you see for gold and silver because I think it's always helpful to line up that range that we might see sure So currently I would say that 1790 to 1800 is still a line of sand for me I want to


make sure that we hold that that strong support um the next support level for us would be somewhere around you know 18 20 to 1865. um that that area should hold um and then you know we we violated 1900s of the downside so that was something people were looking for again an intraday violation like that to us once or twice isn't the other world um I think gold when you look at the entire picture and look at all Commodities and look at how well it's traded I think that's the takeaway is


that gold is holding in there and you look at what's happened with the Russian disruption and that kind of outside event as we would call it is giving wealthy people more reason to buy gold right like I mean that it was not expected right that happened Friday after market lasted a lot of the weekend and then by Monday there was a resolution right but what if there wasn't a resolution what if we're still dealing with that today it's like these are the kind of things that um are are not Givens in the market the


market you know is is going to do its own thing and so you have to pay attention definitely it's really important to pay attention and let's talk about some of the factors that are important for gold as well as silver right now before we turn the camera on we were discussing GDP you're mentioning that it came in much stronger than anticipated so let's go over that and what you're seeing in the markets as a result sure so the estimate was a rise of 1.3 percent and we got a two percent reading which is


very hot um a hot GDP rating is what uh reading is what drove gold and silver much lower pre-market but then they both recovered uh by the end of the day which is bullish um I think you know this for us cements a another 25 basis point hike which we can get into in a few minutes with the FED uh July 26th and um uh the only thing that could change that is July 12th CPI reading if that was wonky but I don't think that you know giving the set comments we'd have to see a really low CBI read to get the FED to


reconsider it like there's a great tool that we've talked about on your show before that I think people should take a look at and that's called the CME fed watch tool so it stands for uh CME is just trolley Mary Edward you know fed watch tool Google search that and it'll show you with what probability the next rate height would be right if it's going to be you know thirty percent fifty percent right now it's 89.3 percent of the height following the GDP uh read and that was at 74 just last week so you're


getting you know closer to uh a deficit you know if you will like like just looking back at our June meeting there was a 97 probability of a pause so we went into that meeting knowing that the Fed was likely going to pause but then what did Powell say in the press conference right that's what's really important to us important to a lot of you know shops that look at that kind of stuff to read tea leaves right and thinking about what he did say I believe that what he's indicated is that we'll get probably two more hikes


in 2023 is what it's sounding like and so what do you see coming again keeping in line that as we've discussed before it kind of is a little bit difficult right now to go beyond one meeting when you're making your predictions yeah that's exactly what he said he said two more Heights but also he said not a single voting member was on board with a Fed rate cut and we have been on your show now for probably two years and we've said on every single show unlike every single bar single one of our peers


except maybe two that I can think of that basically were calling for fed Cuts as early as September of last year again like I would love to see that I'm in gold and silver right fed Cuts rates we're going to make a lot of money what the names we're in right now but that doesn't mean we have to just top our book and tell people hey you should be thinking about said cut because it's not happening right we have we've seen it play out um now if the FED has told you for two straight meetings in May and in June


that there's been not a single person willing to cut rates you know as an investor you have to look at that and say well maybe I'm wrong like I have to look I do some do some work on my old exit and see what I can do to position for maybe a different outcome right maybe that to us looks like you know a recession later in the year or into next year as opposed to right now because of the data right when you see a GDP read of two percent if you're thinking recession this summer you're


rethinking that you're like well that's a pretty strong read like you know you look good enough for our payrolls the payrolls numbers have been strong not weak that's another reason that we're not getting a recession right now right so look I I said this publicly and I believe it we will be in a recession it's just you know you have to be pragmatic about it and look at you know your you know the data as the FED does and and it's a you know it's a fluid situation right so these are all really important


things to be watching when it comes to the precious metals I wonder what other elements you're looking at right now that you think investors should pay attention to and again of course there are many many many things out there that you could be keeping an eye on well you know we Mark our calendars we tell our clients and our newsletter follow you know followers hey you have to mark calendars and be on top of stuff so you don't wake up with a surprise and and GDP is something we look at every month


we look at CPI we look at not foreign payrolls we look at ISM those are some of our big ones and we have other smaller ones like you know watching real estate watching for a housing disruption one way or the other right um but you know there's there's a ton of data to look at that's why our website homepage says a tidal wave of information is upon us because that's how I feel you know it's it's like there's clients are getting hit from every angle of news right now right it's


like everyone's got a smartphone everyone's got you know social media everyone's got this stuff that 10 20 years ago you didn't have so you've got all this stuff coming to you and it gets confusing you know uh even my smartest clients sometimes are overwhelmed right and so it's it's it's natural to feel that way but then you have to figure out a plan and um and I think most clients uh get get paralyzed sometimes and don't do anything and that's not a strategy you


have to kind of figure okay I'm gonna listen to John on Charlotte's show I'm going to listen to this guy I'm gonna listen to this woman and I listen to the fed I'm going to listen to CNBC it's like there's there's five things right there that's a lot and so you know it you have to kind of keep it you know to three to five as opposed to 20 because when you start let's see at 20 things I find most clients don't do anything and that's that's not good either


all right and let's move over to looking at what you're doing we always like to get an update from you on the companies that we've spoken about previously and I know that some of them have had news developments that you have been watching so let's hear about that if we don't mind yeah of course um so ascendant resources asdrf um invited me to a due diligence trip in full disclosure so I I'm going to visit them in Portugal in September I think that's September 7th to be exact so I'll


report back uh with what I see there but this is only the second trip I've taken in my entire career um I'm not the type to leave the computer much so hopefully your listeners will get a feel for the fact that I you know investing that kind of time to go out there and I take it seriously um the only other site visit I've ever done was at U.S gold in Wyoming uh and that's usau and that was two summers ago um usau actually just got upgraded [Music] um by AC way right from 10 50 to 12 dollars


or you know they basically kept their uh their uh their buy Target but the stock kind of responded to that it went from four dollars to kind of where we mentioned it on your show last time until about 470 and it's around 4 35 right now so we we still like usau a lot it's a NASDAQ traded Gold stock very liquid um let's see um other news okay yeah we've had news in Canadian critical since we last met that's riinf I would encourage people to go to their website that's the former


Braveheart um I really like Ian burzens as a leader you know he ran a company called Thompson Creek which got bought by Sentara um probably about six seven years ago and so one of my strategies is always to follow people to their next thing right if I was a Thompson shareholder as I was they made me a lot of money well then hey I'm gonna follow him to his next thing and this is his next company and so when you look at their news well it's been very active it's been very positive that the stock has yet to respond why is


that well sometimes it's just because of the market we're at Charlotte you know it's it's sort of a lack of Interest right now so as a value manager those are the kind of things I look at okay good news well good leader and Ian um if you believe in Copper and and and gold you know taking a turn for the better down the road this is the time to buy a company like that in our opinion um trying to think of oh yes so still water which is uh PG easyf that had major news that they were getting a 9.9


investment from glencore uh glencore is one of the biggest Commodities players in the world um they are in Montana um great jurisdiction I've owned two different stocks outside of Stillwater in that region over the last 10 years very close by so I know that area very well and uh I think Mike's doing a good job of you know leading the company there so we continue to be shareholders there um do you want me to give you a few new names because those are kind of you know what we talked about last time


yes I think that would be appreciated okay so one new one you know I'm not jumping on the lithium bandwagon very hard because I think a lot of that stuff is promotion um and not really like do these people have real assets and you're real players right but if you look at this little company called spark um energy which is m-t-e-hf in the states um they are uh putting out regular news flow almost every two weeks it seems um and have a decent land package in Brazil um that is really close to some major


companies like Sigma Atlas and some other big players and so that's what we look for is like why is the market not picking this up right like they're gonna chase the big boys but they're not going to even touch the little guy sometimes you know that's true of gold too right when we saw gold run a lot of gold Juniors didn't even move much so as long-term investors in something like gold or even lithium we're going to look for Value like spark and say okay at some point someone's going to recognize


this there's going to be some value there I'll give you another example of that on our on your show uh last year we talked a lot about Idaho Champion if you remember um that one is gldrs and I put my money where my mouth was in The Fallout fought over a million shares at three cents just out there every single day buying ten thousand fifty thousand to not move the market but then now it's trading at 14 sets right so nothing has changed except the fact that they've acquired more land and


they're starting to to drill that land right they've raised money they've done everything correct um but again taking a stock from three to fourteen is a significant move and we've made shareholders a lot of money in a name like that and I I can't really compare a spark to Idaho but I think that by the way Idaho Champion changes to the M2 Champion electric but um I think you know you see similarities there right you're acquiring a large land package and a good jurisdiction


there's a lot of Majors around if you look at Champion where their position they're like directly next to Patriot which is one of the best you know mining stocks in the last couple of years pmet so um you know we look for stuff like that proximity right we like proximity plays um we mentioned this on your show probably six months ago but World copper has barely moved um symbol is wcu f-f I just met with Nolan last week and you know they're cashed up for the whole year which I think the


market is missing um Juniors continually have to raise money as we said in our last show but you also look for when someone's cashed up and say wow that's that's good in this kind of a market you don't have to raise any more money um they have two properties one in Arizona one in Chile both are Advanced stage properties and so again at 11 cents we think both of those projects are worth weapon sets um by themselves so you know we're not looking for as some of these guys call 10 Baggers you know eight Baggers we


we're looking for you know a single or a double and a lot of the aims we buy and buying something cheap like that that's cashed up we just think at some point you know Chile being the number one producer of copper in the world Arizona being a fantastic jurisdiction here where I live um someone's going to pay attention to the company right so we're just patient value investors and like what they're doing um let's see if I can come up with yeah one more so we talked about you know


kind of on the negative side but also uh with a positive spin you know Palladium is something I mentioned on your show I used to write on Palladium for Sprott palladium's been in a serious downturn here and I I mean it is getting heavily shorted as a commodity it's it's easy to move um but Canadian Palladium is sort of pivoting and repositioning themselves as an energy Metals type play they have a project that's in Europe and they basically have a CEO and Wayne Tisdale who's got a lot of experience in Cobalt


so that deposit um which is on the check border there basically is copper and Cobalt so they've gotten a grant from the European Union to help with funding that project and we think they're going to get additional grass they've applied for those but to be one of three companies that got any grants uh you know from the EU is pretty special in a market that's not really rewarding Juniors so we continue to hold our position there too okay that was great I know that everybody always appreciates getting


actual names to look at and as usual we'll make sure to leave them a comment or in the video description so that everybody can see the names and tickers I have a couple of questions for you on the educational side and one of them is about as you're talking about here you're looking for a single or a double you might be looking for something higher I wondered if you can explain how you decide what you're looking for because I think investors often hear that they need to have a goal so they


expect the company to do X and Y the return should be Zen but how do you actually make that calculation yeah it is tricky um as I mentioned earlier show before I work with financial advisors in the US for my entire career before starting my company and in doing so I found that many Smart Financial Advisors have made their money for clients through bonds through tech stocks or Health Care stocks through real estate you know they haven't made it reminding stocks and so you know you kind of have to augment your


relationship with a financial advisor with someone like me or someone else like me right like I mean you need to subscribe to a newsletter or watch some professionals that do this for a living this is what I do for a living right like I mean and and paying for information is okay because the advisor that you're going to go to 99 of the time at least in the US doesn't have the expertise to help you in in this sector they can help you with many other things they're not going to help you with this and so


what I would say is you have to come up with a game plan of um how much money do I have how much money of that can I put at risk at all and then how much of that would go with my financial advisor and how much of that should be invested in something like Commodities right because that's another discussion it's it's a risky sector it's full of of hiccups along the way but I think if you have a plan for your core assets for your core real estate for your core bonds over here with your


advisor and then say okay well I'm going to take 10 of this and put it into Commodities because I believe in this story going forward right an impetus for that might be a financial crisis you and I talked about last night um because March 8th for me was pretty meaningful right when you start seeing large institutions fold um some of them on weekends that's a wake-up call and if it wasn't a wake-up call then it should be now because there may be more of those um you and I talked about Jamie dimon who you know talked


about this in his newsletter to shareholders so when you see the largest U.S Bank writing about this in a quarterly newsletter like yo they're taking it seriously and Jamie was saying that he sees more crisis on the horizon have we seen that yet no but that that doesn't mean it's not right around the corner right I mean it's it's possible so I think you have to be more aware of things as a client right now um because we're in so deep into a bull run right March of 2009 was the


beginning we're 14 plus years at so show me another time in the last hundred years this has happened the answer is never so you know you have to be like okay um I've made a lot of money look at my 401k balance congratulations to me but then hey I need to be more prudent with thinking about the next 14 years because it's going to be way different very true very true and the other thing that I wanted to pull on that you were talking about was investor sentiment right now which in the research sector


may be quite low and as we've been saying we're going into the summer I think that everyone's heard that old adage of you know silent May and go away I want to ask you about that not necessarily I don't think of course that you're selling everything through the song and coming back but do you take seasonality into account when you're managing your portfolio and you have to take it into account when you're looking at buying stocks too because imagine investing in somewhere


like a very cold region right you're not going to drill 12 months out of the year um so newsflow will be somewhat limited right not to say that you shouldn't invest in that area but you just have to go in with your eyes open right um and seasonality and gold and sober it it it is um January through April is generally a really good time um I I would argue September October November is generally a good time and there's a lot of mining conferences that happen September October November so a


lot of companies will go out and present to wealthy people and institutions and analysts and I think that's you know why we spent a lot of time at our computer between July and August and in December when it's it's hard to be away from family like you know in December why it's my birthday it's the holidays and then my little girl's running around I want to be with everyone but it's like that's when I can make a lot of money going into next year when the euphoric kind of you know tick happens look at


what happened this year Charlotte we saw that again there was a nice run in there between January and April right I mean we really saw gold take off and a lot of stocks did respond but if you bought them in November December like we were talking about with champion electric right buy it at three cents it's at 14 cents now you can do whatever you want I mean if you need to sell some you can sell some at a 400 profit so it's it's like yeah a seasonality definitely does matter okay well thank you for going into that


I also think it's important to look at that's everything from me today but I didn't want to open up the floor in case you had any links to add things that are online that you want investors to know about right now here I'll just leave one or two things uh one is you know we take this very seriously this is what we do for a living right so it's not free but I'm willing to work with people based on their budget so in a scenario that you gave us that we just laid out for for


your listeners right where you talk to your financial advisor or whoever you trust with your real money right and you say I I want to take x amount of dollars and invested in this sector but it's not going to be a million it's not going to be a half a million it's going to be X well you know contact me and I'm happy to try to work with you on some type of service that we can provide um that would fit your budget right I mean that's kind of where we're at we want to grow with people without rather


than growing with them when things take off because I'm not going to have that kind of time at that point I mean just to let you know in April and May of this year we had our biggest subscriber of ever because I talked a lot about the financials right because I came from that world and we were talking about the Troubles of Credit Suisse back in September of last year you know it's like I used to work there so I have different perspective than some mining people in in this industry um and I think that if you have serious


money you really need to be thinking about putting some of it in our sector now there's never a perfect time it's just a matter of you know contacting me or someone else and trying to get started that's number one number two would be the brics meeting that's coming up that's uh that stands for Brazil Russia India China South Africa that meeting is coming up August 22nd through the 24th uh I think that you could see uh an announcement there on an alternative currency and how that


alternative currency plays out is to be seen but what if it were backed by gold silver oil right it's like that would wake some people up and I think also drop the US dollar and that would be anytime you see a significant drop in the US dollar it's it's a positive for Mining and Mining stocks right almost every time so we're positioning ahead of that meeting you know to two months from now to to kind of say okay let's put some positions on now with the idea that that could be a


catalyst for something that sends us into a rally into September all right I think that is a great place to wrap up thank you for highlighting those two last links we'll have you back after that bricks meeting because I think that will be very interesting to look at and it's a topic that we have been following for the last little while so thank you so much for coming on to talk right now it's great to have you as usual thanks a lot great and once again I'm Charlotte cloud with the investing News Network and this


is John thank you for watching if you like this video make sure you subscribe to our Channel we'd also love to hear your thoughts so leave us a comment below we'll see you next time foreign