In this resource talk from January 31, I spoke to Steve Penny, also known as “SilverChartist” on Twitter, about what gold and silver will do during a market crash, what the FED plans on doing in 2022, what Steve plans on doing with his uranium portfolio, Steve’s views on platinum going into 2022, and a few other interesting topics.
Steve Penny is a commercial airline pilot, father, husband and a newsletter writer. His newsletter gives an over-the-shoulder look into his personal mining portfolio, which is currently mainly focused on silver, uranium, platinum, and gold.
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00:00 Very important message
01:30 Steve’s 2022 goals
03:00 What happens to gold & silver during a crash?
06:14 Why do gold & silver keep dropping?
09:50 What’d the bottom for gold & silver look like?
11:50 Ratios for gold & silver
14:30 How to watch sentiment on gold & silver
19:00 Gold & silver stocks underperforming commodities, why?
21:55 1:1 Gold-to-Dow ratio
24:00 What can outperform silver in the next 5 years?
27:30 I am heavy on uranium, am I wrong?
29:45 Did Kazakhstan change Steve’s opinion on uranium?
30:45 Smart money is not yet in uranium, is that good?
33:45 Uranium stocks are lagging the uranium spot, why?
35:19 The case for platinum in 2022
39:30 Platinum price target
41:50 The fundamentals that can move platinum prices in 2022
45:20 Platinum technical analysis
47:00 How to invest in platinum
48:37 Steve’s platinum exposure
49:50 Why platinum is riskier than gold & silver
51:30 Lighting round: Who really is Steve Penny?
This article should not be considered investment advice of any sort. No trading recommendations are being made in this article. Be diligent and do your own research before risking your capital. The investment decisions of the author are based on their own investor profile. This includes, but is not limited to, their risk profile, their cash balance and their debts. The author likely has a higher risk appetite than yourself. That’s why you may never assume anything on this website to be personally tailored to your situation. Resource Talks, nor the Author of this article are a registered advisory service and we do not give investment advice. Our comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity or any other financial instrument at any time.
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