When will we see a bubble in the markets?
Gary Savage starts off the day with his outlook on bubbles in the US markets. When will it form and how will we be able to tell. The most important aspect is deciding to get out rather than waiting for the bubble to pop.
Click download link to listen on this device: Download Show
We are continuing our effort to expand the content of our site to include more diverse investment topics. We have already received a couple great requests!
To help us tailor our content to your interests please feel free to email your questions on specific companies and different investment topics to Cory (fleck@kereport.com) and/or Al (al@kereport.com).
I had no problem accessing KWN.
Works fine for me too. Keeps resetting the connection though. The spooks are watching the gold bugs.
I can’t either for 3 days now.
Do not go from Ker to KWN direct…….clear and start anew……I have been having problems, but, I have been able to connect……might be a Trojan in the mix.
It’s been acting strange for me too, but if I hit refresh button it comes up.
Yep, you need to refresh it and then it works.
sorry, posted before reading yours…………..
I am having such a Monday even though it’s a Wednesday. Got stopped out on RUSS last week and now she takes off. NUGT opened below my stop so I am stuck there. On the bight side my Tharelase is up.
Small world, so is mine!
that was boring..
totally agree Agatha, this discussion by Gary is absolutely useless. We’ve heard these projections before except it was for a guaranteed bottom in gold etc with imminent rally for gold and commodities. This included fancy charts with future path of upward move. Well we all know where that ended. The exact opposite occurred from the very time of the call in October which in fact was a high in gold etc and not a low.
This kind of babble is not helpful
+100
What did you think about doc’s response?
I personally found Gary’s ideas to be interesting.
Why ANY crashes if your theory of THEY (PPT, Fed) propping up the markets? Crash because they take a day off, aren’t paying attention. The idea of these crashes is contradictory to your premise that THEY are propping up the markets.
******* BUSTED! AMERICA NOW SEEN AS THE MOST EVIL AND CORRUPT NATION BY THE WHOLE WORLD! ********
http://www.zerohedge.com/news/2015-12-02/us-cahoots-isis-iraqis-swear-it-not-doubt
The entire world is now on to our lies and deceptions!
Thanks just printed it out.
Gold Miners are holding up on weak GLD price action. My 5 year project has been buying the miners on weakness and reinvesting the dividends is finally working. AEM has been my baby and she looks to have bottomed. I hope so anyway….
Good thoughts Chris. Agnico-Eagle is a good bell-weather stock like Newmont. We were discussing this with Doc earlier in the year about using Newmont as a gage on when we thought things were turning (up or down) in the gold mining sector. I think AEM is another company to watch for the sentiment on the Mid-tier & Major miners.
Here is an article that uses……..(you guessed it….) Agnico Eagle and Nemont in their opening remarks as having good production & cost structures in place.
_______________________________________________________________________
Barclays’ Year-In-Review On Gold
Javier Hasse , Benzinga Staff Writer – November 30, 2015 4:15pm
“The analyst mentioned two companies that stand out for the firm on the back of their “strong operating” years: Agnico Eagle Mines Ltd (USA) AEM 2.74% and Newmont Mining Corp NEM 2.23%. The analysts anticipate operating performance above guidance “slightly better production at lower costs than guided” for Agnico. They expect production and costs to come in at the high ends of their respective guidance ranges for Newmont.
Overall, the firm believes guidance ranges in the industry are achievable. On top of Agnico Eagle Mines and Newmont Mining, they expect Kinross Gold Corporation (USA) KGC 3.9% and Eldorado Gold Corp (USA) EGO 2.88% to post robust operating results.
On the other hand, Goldcorp Inc. (USA) GG 3.22% and Yamana Gold Inc. (USA)
AUY 4.86% have some risk of falling short of the top end of cost guidance this year.”
http://www.benzinga.com/analyst-ratings/analyst-color/15/11/6009438/barclays-year-in-review-on-gold
Fresillo does not seem to want to drop along with silver.
Fresnillo is a solid company and well run. Here’s something interesting I was just reading, but had to go find it again. I got onto it because of Glencore, but thought the coverage of Fresnillo was optimistic:
______________________________________________________________________
Will Glencore PLC And Fresnillo Plc Ever Recover?
By Peter Stephens – Friday, 27 November, 2015
“…For example, shares in the world’s largest silver producer Fresnillo (LSE: FRES) have fallen by 63% in the last three years. The main reason for that is a declining silver price which has severely hurt the profitability of the wider sector during the period. However, while many of Fresnillo’s peers have sunk into loss-making territory in that time, it has remained firmly in the black and, looking ahead, could be about to mount a serious comeback.
In fact, Fresnillo’s earnings are forecast to rise by 155% in the current year, followed by further growth of 85% next year. And, while the market is gradually starting to factor in the company’s expected improved profitability, Fresnillo’s shares remain deeply discounted. For example, they trade on a price to earnings growth (PEG) ratio of only 0.4, which indicates that they could continue the climb which has seen them rise by 20% in the last three months.
Looking further ahead, Fresnillo may struggle to reach its all-time high of 2000p over the medium term, simply because it would require its share price to almost treble. However, with a dominant position in the silver market and improving profitability, it appears to be a sound, albeit volatile, buy at the present time.”
thanks for that Excelsior
Thanks Shad.
doc makes sense to me as he doesn’t pontificate but simply presents his view with good followup.
beware of any analyst who talks about some future BS theory based on what happened before etc.
Give Gary a break. This market is so manipulated it’s hard to get TA to work. I for one appreciate his work. Thanks Gary!
If they are manipulated like you think, buy stocks, buy DXY, sell commodities and go on vacation, why even talk about it.
All depend on your time frame. Manipulation always fail in the long term.
Simply because opportunities very often exist in the day to day.
Chris you’re an apple polisher cause you wanna be on ker..
ditto ….Chris……
Indy and California Agatha,
Trust me Chris if far from an apple polisher.
Al, my comment was directed to the top of the column. “give Gary a break”
No QE (fed balance sheet expansion), no stock market breakout. The Fed has truly destroyed price discovery in every market. Why is no one in the mainstream calling out the Fed? Pure madness. I don’t think this ends any way but violently. Those who have reaped their ill-gotten gains are not going to let go easily. Think French Revolution.
At this moment in time Spanky, I have to say that because of our position in the conventional markets I am keeping a close eye. That is the only way that I know of to not get caught.
judging by the action in oil and gold vs dollar, we’re fast approaching a washout which most likely began today from the shelf both gold and oil have been sitting on in their respective consolidations for the past several trading sessions.
If gold breaks 1030, watch out, if it somehow breaks above 1090 then we get a pop into the new year testing somewhere in mid 1200’s.
******** BUSTED! TURKISK PRESIDENT ERDOGAN AND AMERICA CAUGHT RED HANDED WITH ISIS STOLEN OIL! *********
http://www.zerohedge.com/news/2015-12-02/russia-presents-detailed-evidence-isis-turkey-oil-trade
Like I said………..it’s a totally criminal gov’t now running Washington!
What a hoot………..ISIS(USA) and a Turkish towel will clean your clock every time.
Chris, if the market is so manipulated and hard to get TA going, then why persist with constant babble about what will happen with authoritative certainty. seems rather stupid to say the least.
Agree. TA may work on mass psychology if you use it right. It is the principle of statistics. A lot of similar sized objects interact with each other. Free retail market is a market which satisfies the statistics. Manipulated market moves based on one party’s will, so it does not satisfy the basic condition of statistics. So it cannot work unless you stretch the theory to fit the market. You cannot fake statistics in science since there are thousands of scientist go though your theory and compare with experiments. In social science however, people tend to do it often.
We considered curtailing the short term nature of the Daily Editorials and decided against it because of e-mails from listeners.
How can yellen say with a straight face that the fed is still not certain whether it will raise rates on Dec. 16? The Fed needs to be burned to the ground.
I, for one, do not take a lot of talk of that nature seriously.
go to zero hedge Yellen is promising hikeS
******* RUSSIA NOW SEEN BY THE ENTIRE WORLD AS THE TRUE AMERICA! *******
Live full coverage at the top of every hour on RT NEWS:
https://www.rt.com/on-air/
What a bunch of criminals that we are being lead by here in America……….WOW!
And they have the nerve to be rigging the gold market…………daily!
My opinion, the rigging (if you want to call it that) in the gold market is simply resulting from shorting by deep pockets who can later cover at lower prices.
Totally agree Al..and they run stops along the way..another reason to invest long term with no stops…
Going long and front run the masses can get better return and carry less risks. Gold and silver is physical market and you have chance to get caught with pants down if you run out physical to manipulate. We should see more up side manipulation than down side if it is for profit. If upside manipulation happens often, miners would float on sea of money. Why it never happen?
The fact that gold didn’t get smashed yesterday told us that the probability was high that today’s job report would be good.
Total nonfarm payroll employment increased by 271,000 in October, and the
unemployment rate was essentially unchanged at 5.0 percent, the U.S. Bureau
of Labor Statistics reported today. Job gains occurred in professional and
business services, health care, retail trade, food services and drinking
places, and construction.
5.0 percent..what an absolutely bogus number..that is if it was still calculated as in earlier years…hard to believe anything coming out of this regime…
Notice how none of this news is being covered by the American press or news media!
DONALD TRUMP FOR PRESIDENT!………….this mess has to stop!
https://www.youtube.com/watch?v=SRbtf2UFcmc
A must watch video!
Interesting video.
How much credibility do you give this fellow?
a bully a clown & a liar & more
But has far more cred than sharpton,jackson or obama….
no he does not
I really think that he means what he says!
THROW ALL THE BUMS OUT…………….no more insider lobby groups……there are 127 lobbyist for every person in congress. Send the rats home.
DONALD TRUMP SURGING IN THE POLLS!
The American people are waking up!
ker is going down hill fast…
Yellen says inflation to pick up “next year”. She also says inflation to hit 2% “over the next few years.” She knows exactly when $USD will top. Problem is that is a big window in term of trying to time a bottom in commodities. What an evil hag. Just leave the markets alone!
******** AFTER THE WAY RUSSIA JUST EXPOSED AMERICA AND THE WEST, THE JIG IS UP! ********
https://www.youtube.com/watch?v=bXqmggf_6bM
This is a very funny but very real video on Obama!
Right!
Excelsior,
Thanks for that! I’m over 1000 shares of AEM and in the green.. but will it hold? I sure hope so! Their dividend history is one of legend. A really well built miner.
Absolutely. A standout company in the mining sector.
I’m sure it would get pressured if Gold falls down further, but it has held up much better than many of its peers, and the dividend pays you wait it out.
Best of luck to you in your investing Chris in Thailand.
Excelsior, I have a few hundred shares as well. What I am afraid is that miners are taken into the cleaner by this low price. They may have to accumulate mountain of debt, so when metal price recovers, they are too diluted or they may not see the light at the end of the tunnel. What do you think? Andy Hoffman has talked about this almost certain scenario many times.
I think that for many of the majors this is true Dragonite. They are very burdened with debt and this is why the Majors are spinning off non-core assets, or projects they overpaid on to the Mid-tiers at present. If it takes until the end of 2016 for the metals prices to recover (as Doc has forecast), then AEM will be fine because their costs are more under control and their production is at a good level.
I personally don’t own any Majors (except through ETF exposure), but if I did Agnico Eagle and Newmont would be the two I’d consider. I do own some Yamana, but they are right on the cusp of a Mid-tier to a Major. Their cost structure is a little higher, but I think they have a great deal of upside surprise in the assets they have in place.
Thank You JMiller !!!!!!!!!!!!!! I deleted it from my favorites then added it back per your highlited address. Thanks soooo much,
RG
***** WOW! AMERICA JUST CUT THE LIVE FEED ON RT OF US SENATOR COMMENTING ON TURKISH AND ISIS OIL DEALS! ******
Your fascist gov’t at work!
Did it really cut that feed?
RT………….just got the live feed back!
Well, there you go!
I just went to Russian Times and could not find it.
Can you provide a link?
The segment was with Sen. Richard black of VA on about 2:15pm EST on RT.
Man……..I sure hope that this MASS SHOTTING in San Bernardino, CA dose not turn out to be an ISIS ATTACK!
Eye witness say three heavily armed men were involved in this MASSACRE!
WHO CARES
????……………who cares………..are you human?
yes I am I just will not be induced go there by the media & govt….
having said that… shall I post a brilliant new film on 9/11.. that
research the non official story…you do know there never was a plane in Shanksville PA right…call the mayor, ask him..but the govt built a memorial there..
A………..YOU ARE SPOT ON………..
I KNOW…………….I live in PA.
Can someone tell me what happened to King World News? Did they change their computer address? I can no longer pull them up !!!