John Kaiser “Pumped about where America is headed”
Exclusive from the Silver Summit in Spokane WA, Al chats with John Kaiser, editor at Kaiser Research Online. John believes that the US economy is in a recovery phase. He supports his belief with the improved housing stats and the slow recovery of jobs in the US. John touches on the fact that the US has a strategic advantage over China and other competitors with lower energy costs and domestic production.
For more information visit:
http://www.kaiserbottomfish.com
Thanks Doc,
I am very comfortable with my hard asset type investments. But also please remember that I am diversified to an extent into the conventional market and a bit in real estate where I continue to take a real hit.
Best,
Big Al
guess that call didnt work out then.
Significant drop occured the very next day after you posted this comment.
Big drop in gold, silver, platinum and the related mining stocks. Looking like a very difficult month for Gold investors as gold down to a 60 day low now and not looking like a bottom is anywhere in sight yet.
Richard, no disrespect to you but Gartman does NOT belong in the same sentence as Gold…I’ve been a daily investor in gold for 9 years and have the memory of a herd of elephants…Gartman is in the top 3 of those who have called golds trend incorrectly.
That man talks just to hear himself…..years ago I was sitting in a major fx trading room when his newsletter was tossed on the chief dealers desk….he glanced over at it and tosssed in the garbage….his comment, Garbage mans newsletter, waste of time.
I have no time to follow those with a track record of being incorrect, Sinclair’s call on golds action makes Gartman look like a school kid wanting attention…..
Anyone who refers to gold as a commodity, stop reading, turn the remote to mute as they clearly have no clue, its currency period!
Imo there are far too many hot spots Europe, Japan, US fiscal mess etc for gold to trade sideways between now and next fall, the ongoing repatriating of gold from foreign soil (US Fed) back to its homeland is a vote against the US$ being devalued, a lack of confidence of the obvious, is the gold actually there but a shot across the bow, we don’t have confidence is the US currency, GOLD (currency) we do!
Far too many pots boiling for a continued sideways trading in Gold.
Just my opinion Richard as it takes two to make a market.
CHEER$!
JJ, I agree with your assessment of Gartman. I’ve also watched a lot of his “incorrect” calls and that’s why I don’t put much credence in them. I’ll often use them as a contrary indicator. In fact, in my post, I mention that my indicators right now do not show a “significant sell-off” in the near future. I brought up Gartman for that very purpose——the fact that my indicators AT THE CURRENT TIME do not portend a significant sell-off in the near future. My opinion on gold is always on a week by week basis. 4-5 weeks ago I called for gold to move sideways to down when many were giddy with its’ initial move. It has. Right now, the indicators continue to show a sideways move with a bias down for next week and possibly deep into November. I also noted about 4-5 weeks ago that the odds were the conventional markets would move down which they have. I also said that gold wouldn’t perform relatively as well as gold. Look at the markets today. The conventional markets in all likelihood will outperform (positively) over gold in the next 3-4 weeks. There’s one particular chart that’s almost shouting that this will happen. According to my charts, November won’t be the good month that we usually see seasonally. However, at this time the charts aren’t signalling a significant sell-off either. If I’m correct, I’ll be able to give an opinion on December at the end of November.
I also said that gold wouldn’t perform relatively as well as gold.——-correction. “gold wouldn’t perform relatively as well as the conventional markets”
Richard I think seasonals regarding almost any sector are very close to being removed as an investment backstop, just as a measurement of economic growth based on government data….is it any wonder so much cash is sitting on the sidelines?? what company can see where all this is headed….its very hard to dress for the day when ones eyes arn’t open, lol!
Just pulled up my weekly gold chart and all my indicators are turning positive, I like to use a traders version of RSI at 5 and a Macd version of 3,6,7 as it shows the turn sooner…the tradional Macd as you know is never a leading indicator
Still find it interesting that the US$ index has only been able to run for a 100pips off its early Oct lows and can’t close above 80.50…almost a reverse situation when gold ran out of steam at $1800……$1800 is going to be battle royal territory the longer we chop between $1700 and $1800
Have a good day!
JJ, using the short term indicators you’re looking at makes me wonder whether you’re a “day trader” or just want to get a leg up on the turns. As regards the dollar, I really expected a move up by this time also.
Well not really short term indicators (in my book) just shows the turn in the trend quicker…like using a mirror to see around a corner, (big grin)
I’m not a day trader but a momentum trader and the only investment I trade is FR.to I sell into the overbought when highlighted on the chart and buy when oversold.
Years ago I was invested in the jr pm’s space but felt with the credit meltdown raising money to keep the dream alive was going to steer momentum money away from the sector…that and the onslaught of ETF’s
I have no way of knowing Richard as I’m no longer on a FX trading desk but my guts telling me the boys are getting well short the US$ just above 80….the whole market place is waiting for a hint at where the capital flow will be heading next and I’m sure the election outcome is going to be a huge factor, either way I’d be shocked if the recent chop trading continues next week.
Again imo very bullish SLW and FR are making 52week highs today as spot silver chews around $32.25
CHEER$!
Richard I’ll add what I find a very bullish underlying factor and also very, very odd. I don’t know of any other 12 year bull market in anything that is soooo hated, soooo misunderstood and sooooooooo under invested by not only the sheeple but the investment proffessionals (debateable) I have no clue as to what level gold will trade at that wakes up the general street and street pro’s but when it does its going to be a sight to see on our charts….can you say gaps!
Its easy to forget because at a website like this everyone is aware of the 12 year bull run….we tend to forget its not even on the general radar screen and NO market has ever topped without the sheeple created the top….the rhino horn top is yet to be created….this much I do know when confidence is lost in any currency the “Exit Door” is never big enough bids just simply disappear and grown men sound like children in a school yard yelling…get me out!!!!
JJ, its not odd at all.
Quite the contrary, the reason why this supposed Bull market is ‘so hated’ is because most investors who’ve put money in gold or mining stocks have lost a BUNDLE. I’m down over $60,000 over the 10 years or so I’ve been investing in this sector. The problem is the juniors have been a complete and utter disaster with most down 70% or more just this year alone and unfortunately many mining investors, like myself, have been overweight juniors through most of the supposed Bull market. I have several gold stocks that are down 90% this year – add that to the debacle that was 2008/2009 and its one crash after another with short periods of flatline or ocassional rallies inbetween.
The whole mining sector is full of Promoters who run mining companies and promise the moon and deliver nothing.
THAT is why this sector is so hated.
Its not rocket science.
HI ralph……….A word of advice if you are going to invest in gold , buy physical metal , if you had done that 10 years ago you would now be sitting on a very nice profit.
Same hold for silver, Mr. Irish!
Big Al
You guys know charts and “stuff” and I dont come close to your knowledge. I have watched Richard be right too many times to guess at what he says, but I like JJs thinking. I totally understand trading only 1 stock, and I think there might be something to the governments wanting their gold home.
I dont believe TA and charts, who gets elected or whatever is going to matter in the least when banks, governments, companies and regular people realise there just isnt enough gold to go around at these prices, then the same thing should happen to silver. I believe if a person wants to catch what could be a “vertical rocket” you need a ticket and the show will be sold out quick once it starts.
Then again, an audit could be done at the fed and they find 40k tons of gold. lol
Maybe its a coin flip but I got my ticket just the same.
Really enjoy your conversation guys. Wish I understood half as much you two.
Benb, I think you don’t have to know a “lot of stuff”. I think you’ve just done fine with your purchase of silver. Hang on to it and you won’t regret it at all.
benb……i have to agree with RICHARD hang on to your silver………..IMO silver will outperform gold…………..The silver nutter on KER, …..tony.
Trust me, Mr. Irish, you are definitely not a nutter!
Big Al
Kaiser is one smart cookie. I like his prediction because it offers a logical path from where we are and what we all know must eventually happen. In that, however, it presumes some free-market forces to explore for gold. Let’s hope the market is truly free to do just that.
Yes, some un-bee-lievable bargains. I’m looking at buying some companies now…they’re cheaper than lottery tickets.
Al, I couldn’t agree more with Kaiser. I’ve been accumulating at these levels and will slowly. I particularly like coal especially if Romney wins. I believe we may begin to see a non-exciting metals market for awhile. I love the action of the PMs right now. Currently, I don’t see any evidence of a significant sudden drop from here. We should see a rather dull market as I’ve mentioned in the past with a sideways pattern but not a significant move up or down. Remember all the excitement of the PM bulls earlier this summer——we were going to the moon. November is usually a good month for the metals but this year will probably be a non-event. Dennis Gartman mentioned that if the Indian Diwali demand isn’t there, we could have a significant sell-off in gold. The seasonal factor in India will likely be ho-hum and you won’t see a significant sell-off. As mentioned before, gold should drift this month sideways with at this point neither a huge bias to the upside or downside. At the end of the month I’ll have a better reading on the markets but at this time I would say we would drift slowly higher but we won’t have a chance of challenging the highs until about the spring (March?) of next year. The fall of next year could be the game changer.