We need to stay focused on the more in long term interest rates
Chris says that the first aspect of the markets that he is watching in the continued up-tick in long term interest rates. We also cover the dollar and conventional markets future.
Click download link to listen on this device: Download Show
FAKE MARKETS ! https://www.youtube.com/watch?v=lQeysjt_c3Q
The Microchips Will Be Implanted Into Healthy People Sooner Than Your market crash ! https://www.youtube.com/watch?v=Fbi5zcgbXoI
What will the ticker symbol be for the Mark of the Beast? Can I buy shares?
Well Jason, the ticker will be (SSS) of course! And don’t laugh when I tell you that SSS also stands for the Social Security System ….which is code for 666……..Ha!
ONLY JESUS ! https://www.youtube.com/watch?v=3UtyG3Or2js i hope you listen hime tell you ! Only you and JESUS !
I do worry about the micro-chipped populace Franky….but if it is forced on people to get health insurance, or fly on airplane, or leave the country, then what can you do?
BUY GOLD ! START DOW BUY SELL IN GOLD !
Good show today, and thanks for covering the topic. Much appreciated.
I agree with Chris and as noted in Gary’s editorial, I shifted my focus to Fertilizers and Uranium this morning. Chris has good thoughts on both these markets, and so I’ll post my thoughts here on those 2 commodities.
Personally I went into Fertilizers and Uranium stocks today for a change of pace.
I couldn’t take it any more and did just take a good position in Mosaic (MOS) this morning. In my mind, the Fertilizer and Potash companies will start to shine in the near future.
I may still be a little early to the dance, but I’ve been watching this space all year for an entry point, and I think MOS may have just Triple-bottomed on Thursday April 30th at ($43.88, then $43.92, then $43.99). Yesterday it went down and tagged $44.04. Overall one could say Mosaic (MOS) just double bottomed twice in the $44 range, so I jumped in at $44.11 today………..what a Cosmic number.
As for FMC corp, ICL corp, Potach Corp, and Intrepid – I’m waiting for their next pullbacks and will be going in over the next month or so if I see a price I like.
Really I went in heavier on Uranium this morning than anything, believe this a great entry point into this space. News will be breaking in one month on the Japanese restarts, and there is real enthusiasm again and interest for the first time in 4 years post-Fukushima. There are a lot of reactors being built, permitted and others in planning, and there is a real supply deficit that will be all too obvious in the next 2 years.
Uranium stocks surged 2 weeks ago and I trimmed positions or sold positions into that strength. However, today they look beaten back down so I took out new positions in Uranerz Energy (URZ), Ur-Energy (URG), Paladin (PALAF), and added to Cameco (CCJ) this morning. Not recommending it, just seeing if anyone else was interested in the Fertilzer or Uranium space, and know Chris covers it sometimes.
Good luck to all in your trading!
As for PMs, I have several good positions in gold miners, silver miners, platinum/palladium miners, the streaming companies, and some ETF exposure.
Personally I’m just not sure what will happen on Friday or the follow through on Monday, but I could see a pop in PMs if the jobs report was really bad as a safe haven, but who knows? The markets are very disjointed, and Gold has not made up its mind for the last 2 months where it wants to go.
You could check out” Fission” Shad.
Thanks BB. Yes I’m a huge fan of Fission and think they have the most exciting play and discussed area play in the Athabasca Basin, and are a very likely takeover target by a larger company like Cameco or Areva or Uranium One.
There are about a dozen Uranium Companies I follow, but I chose to go with taking positions in producers first, and the only reason Energy Fuels wasn’t on the list is that they are acquiring Uranerz next month, and I’ll get their shares by default. Uranerz is still trading at a discount to the .255 rate of each Energy Fuels share, so it is the better deal to acquire Energy Fuels at present – The biggest US producer of Uranium.
Here is a good press release for Denison Mines, another good Uranium company:
Here is yet another press release on Kivalliq Energy in the Uranium space:
Kivalliq Announces Fully Funded 2015 Exploration Programs at Angilak and Hatchet Lake
You have more money in the market than I do Shad, if I were to get back into uranium Fission would be my first choice, risk/reward.
Everyone could have different reasons and goals.
Shad, I have some actual investment advice which Im sure you already know.
Subscribe to Mickey Fulp, its free, I mention it because you sound like his work could really pay off for you.
That’s about all the investment advice I could give to anyone really, and still look myself in the eye, other than “put it all on red”.
Great thoughts BB, and yes I already subscribe to Mickey Fulp and have been reading and listening to his mercenary musings articles and radio show since 2010, as well as listening to his audio programs on Kitco, on Scott Gibson’s Beneath the surface.
I don’t always agree with all of his positions in Uranium, Rare Earths, or Lithium miners, but will say I generally agree him, and absolutely agree with him on Tasman for Rare Earths, and Energy Fuels for Uranium. Even though it doesn’t really matter for money making, I also really like and get a kick out of Mickey Fulp. He is one of the people I would like to share a beer or whiskey with some day 🙂
Having said that, when Mickey has discussed Lithium bubble over the last 2-3 years, I rarely heard him talk about Talison when they were developing into a big player (both during and post-Lithium bubble) before being acquired by one of the “Big 3”.
1) Post-Lithium bubble, Galaxy Resources achieved a great deal, but I didn’t ever hear Mickey discuss it. Lithium One had the fantastic asset Sal De Vida in Argentina, and this was acquired by Galaxy Resources (GALXF) in 2012 after the bubble had already popped in the overall space. Galaxy then built the world class Jiangsu Lithium plant in China, that currently has a tolling agreement with Talison to process their mined product. Seeing as how Talison just got gobbled up a few years back, and Galaxy is working with them, that puts them on the map.
The Asian marketplace does get it and have interest in quality projects, and is interested enough, that they are purchasing this Jiangsu plant from Galaxy right now, and nobody seemed to have noticed or cared (because the sentiment is that bad in Lithium right now…..contrarian indicator that the bottom is definitely in).
Aside from the sale of the battery plant to Sichuan Tianqi Lithium Industries Inc. (out of Hong Kong), and developing their Argentina Sal De Vida project, they have a 3rd iron in the fire now, with a JV on their Tungsten Mine that was just set up with General Mining Corporation Limited (“GMM”) in respect of the Mt Cattlin Project.
Once Galaxy is cashed up from the sale of the battery plant, it will likely do a reverse stock split and clean up its balance sheet, and then work on developing the Lithium and Tungsten assets, and it may surprise people.
2) Another huge story in the Post-Lithium bubble, that I’ve never heard Mickey cover is: Orocobre Limited (OROCF). They are one of my favorite small companies in the Lithium space because they are now a producer, but not owned by the big 3.
Orocobre just put it’s large Olaroz Lithium Project into production, with a Potash division, and they have a Borax manufacturing facility in Argentina. A company like that is a prime takeover target for a larger chemical or fertilizer company or a technology/battery company to ensure their supply source.
3) Western Lithium’s (WLCDF) recent announcement that they are now in production on the line of specialty Organoclays, (profit stream) will cause that company to get re-rated and it is already starting to happen.
They are developing their primary Lithium project into the mine/mill this year, but they also will have Potash and Sodium credits on that project. In addition, in the last 12 months, Western Lithium got a completely different credit and income stream going recently with its organophilic clay-based drilling additive, Hectaton. It produces this for the oil and gas industry, as well as to support the growth of high pressure high temperature, deep directional drilling applications. So it found a way to get a secondary product going while waiting for it’s primary project to hit, and has 2 other credits with good margins in the Potash and Sodium in addtion to Lithium.
http://www.westernlithium.com/wp-content/uploads/2015/01/Corp-WLC-Feb-2015-Li-Hec1.pdf
Just a few picks in the Lithium space, that have bottomed, got their noses bloodied, but will rise over the next 2 years 200-400%.
Mickey is a very interesting guy!
Yes. He cracks me up, but often has a very unique opinion on commodities and energy and is his own man and doesn’t care what anyone else thinks. I like that about him.
Western Lithium that I’ve been mentioning on this site for months just surged recently and was named the number one of top 50 stocks on the OTCQX. FWIW.
Western Lithium Named Number One on 2015 OTCQX Best 50
http://www.kitco.com/pr/1267/article_05132015081529.pdf
Again, I never heard Mickey discussing this one when he was dogging the Lithium Market recently.
BTW – # 2 on this list Orocobre – is up 12% since this was posted on the 6th……
Just saying….
BTW – that was funny BB…..”put it all on red”. I love roulette.
BB – also to respond to your comment about different investment objectives, to me the companies that will benefit the most from the Japanese reactor restarts in June are the Uranium producers before the explorers and there aren’t many.
Cameco, Areva, Rio Tinto, and Uranium One are the bigger producers.
Energy fuels (UUUU) is the largest US producer, and is acquiring Uranerz (URZ) in June in a merger, since their insitu mining is more profitable than the traditional mining.
Ur-Energy (URG) is also an insitu miner in Wyoming (like Uranerz) and Uranium Energy Corp (UEC) is another insitu miner in the US and Paraguay, that has had a nice pop as well lately. Then you have Paladin (PALAF), still a big producer in Australia and Africa, and they just went through a whole balance sheet repair and partnered with Singapore.
Then there are companies like Denison and Uranium Resources , who are exploring on some great properties, and have produced in the past, but are not currently producing. They both have enough cashflow and previously operating mines that can be restarted when prices rise again. Denison also has an environment and mine restoration division that brings in some revenue, and lastly they have a tolling agreement at Cigar Lake where they have a 1/5th interest, and this generates some revenue.
After all the producers, and explorers with permitted mines waiting for higher prices then you have all the other explorers. Fission is at the top of that list, but I also like UEX, Kivalliq, Toro Energy, Pele Mountain, Bayswater, Strateco, Canalaska, Forum Uranium, and Plateau Uranium (previously called Macusani Yellowcake).
My interest is in buiding my positions in the small to mid-tier producers first (like Gold/Silver), then the quality explorers, and I have a position in Cameco as well.
Totally agree w. you Chris re: the EURUSD carry trade cover being responsible for USD weakness.
Extremes in various Euro bonds’ yields and several EU equity markets levels have helped the recent unravelling.
Best to you and GL to all investing/trading.
LPG
WAY too often, people over-think these moves, LPG…and try to make current factors fit into their pre-conceived notions, biases, and what USED to be the typical asset correlations. When one understands how we got to the present levels of overvaluation, compressed yields, etc., the way they are unwinding makes absolute sense…and isn’t exactly rocket science!
Absolutely Chris…
Risk/reward are the best at extremes… and at extremes, things are not rocket science indeed: just sentiment reversal.
Best as always,
LPG
No, it is not exactly rocket science, Chris.
Chris…….question. Off topic. BUT, since you are from Chi Town. What do you think of the proposal to raise real estate taxes by 50% to fund the shortage on the pensions ?
TEMPLE ….., I should have directed that question to….sorry…………..
Raise real estate taxes by 50%? Have you seen this: http://www.chicagotribune.com/news/ct-rauner-property-tax-freeze-met-20150205-story.html
Can not open……..facebook want’s money……too bad because they are not getting it from me. Frank the cheap……………
But, I think the GOVN. wants to be reelected. ,,,,the state and Chi Town are broke, and there is not enough to pay the promises. Have we heard that story before, I think so.
GIVE THEM THE BOOT.
The new Gov. Bruce Rauner is seeming to be pretty aggressive in wanting to close the budget shortfall…can’t say I am terrible familiar with that specific proposal, however.
More $$$ than brains! Hey! I resemble that remark!
Good comments on the Euro Chris. It’s direction does seem to define what is happening in large swathes of the market. Funny how few people notice though, but this change in its direction requires a fundamental shift in our calculations for pretty much all the trades we are in.
COMSTOCK METALS UP …..100%……….
On the weekly charts one can see that the $USD started going up way earlier than $WTIC went down – the former started last year’s August – the latter this year, 6 mos later.
I don’t see that Bill. Maybe try a weekly chart. The dollar began its ascent in May whereas crude started falling roughly a month later in June as the market awoke to the change.
But if you like charts I have another for you. Its’ coffee. Here it is from a long term view:
http://finviz.com/futures_charts.ashx?t=KC&p=w1
So if you are a fan of Java…this is a great time to tune in to the action just as a few days back I mentioned Natural Gas as it too was approaching its long term bottom.
And the ZINC price CHRIS and LEAD price in EURO’S is 10% off all time HIGH !https://www.youtube.com/watch?v=bFurkDf6WXg