Trends in the Markets – Hour 1
Hour 1:
Click download link to listen on this device: Download Show
- Segment 1: Louise Yamada, Managing Director of Louise Yamada Technical Research Advisors, an all-star in the investing industry, kicks off the show covering the US equity markets.
- Segment 2: We get an update on Corvus Gold from CEO Jeff Pontius.
- Segment 3: Craig Hemkey from TFMetalsReport.com, joins us this week.
- Segment 4: Chris Temple of The National Investor and Richard Postma, AKA Doc, discuss the potential of the Fed and other central banks adjusting to the downtrend in the markets.
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
Click download link to listen on this device: Download Show
A lot of folks really like Craig.
My opinion? To each his own.
“This guy” did not call a bottom in Segment 3. He set out a series of conditions upon which may indicate direction based on future events. The PM markets have not been part of the Feds stock market bubble and may act in opposition to the general markets. However, when the HFT algos seem to act off the currency markets and the actions of the BOJ in purchasing US dollars (moving the US/yen) the very often it is that rationship that moves the metals (algos) amd not fundamentals. “This guy” said to watch carefully how markets play out in the near future to start recognizing direction with more confidence.
“This guy”….David, has been calling mumerous bottoms in metals for years,
All of which have been a disaster. Have you forgotten?
You can choose to ignore them if you decide to? I’m not fussed.
I just shake my head at what a waste of KER’s resources are giving “this guy” any airtime whatsoever.
But to each their own.
Here’s Turd from a few years ago….after yet another metals bottom call gone sour….enjoy David !
Cheers.
Funny stuff indeed isn’t it David ?
Silver has shed what?…..about a 1/3rd since then?
You may also want to revisit his calls above those levels too.
Its hilarious.
Like watching a ping pong machine where you start & watch the metal ball bounce all the way down with no control at all of the flippers at the bottom
Whats even funnier….is people actually pay him to read/interact with that cr@p.
Congrats to Turd….he has worked out how to financially profit from suckers….& the goldbug market is a cash cow when it comes to them.
MOOOOOOO !
Line up milk cows…..its milking time yet again.
Hello David?
LOL 🙂
You sound like Mark Skeeta!! lol, A
You are wasting your provocative single typing finger with statements like that Rev….but anyhoo.
You can kneel & worship as one of the Turd’s metal followers if you want?
I’m just saying he has been wrong on his bottom calls in metals ALL the way down….& its a long way down now Rev !!
Some silly bugs still listen to him.
Was Reverend Jim Jones a goldbug?….he led just as many to a slaughter too.
Where’s Dark Purple Haze? He was an old TF metals subscriber that did some non stop bashing last time Craig was interviewed. Craig’s the first one to recognize that the Yen/Gold HFT algo’s are used to manage the gold price. The wrong calls are a little long in the tooth.
His calls have been pretty consistent over the last few years. T/A goes so far in a rigged market. If they had let the market do what it was suppose to do, the banks would have been smaller and the economy would have been on better footing going forward. Now Europe has to realize they have been sold out, to keep some un-elected finance cronies employed.
Now we wait for the next bubble to collapse, while the business cycle plays out.
O come now Skeet I’m only having fun…Jim Jones was a real turd and on that we’re both agreed!
Thanks Skeeta and Reverend.
The critical thing, in my mind, is live and let live. I say listen to all and believe what you believe is right.
Funny…Jim Jones was born in INDIANA……….and ran out of town……….lol
Yes Jim Jones was a real turd Rev,
My Dad’s cousin was one of his victims.
….sad how people look to guru’s sometimes
Look no further than the goldbug faithful.
*chuckle*
Great show and thanks for having on Craig Hemkey!
Ha ha ha !!
Well said Mark. Let’s accentuate the positive. For my money Jeff Pontius and David Morgan are consistently valuable contributors.
Just don’t have on Bo Pony………….what a waste of time!
Notice that he has not been on for over a year.
These guys are the lifeblood of the ‘bugs, without them where would the hope be? Sooner or later, like a stopped clock, they will be right again. (if they live that long).
ditto
Bobby, of course, I agree with both you and Frank.
Yes Bobby,
And they will all claim that they called the final low too,
Despite the fact they called many final bottoms all the way down numerous times.
*Hello Turd* …*Hello David Morgan*…*Hello Gary* etc
Notice how they are all paid for their thoughts?
I’d much rather listen to Doc, Rick & Chris talk off topic about their favourite recipes.
….at least you would be guaranteed a decent feed without any BS.
KER is blessed to have those three !
Very best to all of you at the Cambridge House Resources show this weekend. Wish I could be there! A
But Mark, Skeeta LOVES Bo Polny…!!!
Polny is another false idol maybe you follow Rev?
I’d rather sit through & watch a 5 day shellaking at Lord’s than listen to he or Turd’s BS about the bottom of metals.
No Skeeta I do NOT like Polny. Come on man, chill out a bit!
I think that you misunderstood Skeeta, Reverend.
I beg to differ Reverend
Over what Al….?!
Probably over me having to sit through a 5 day shellaking at Lord’s Rev, 🙂
….whats the bet Al doesn’t even understand what a Test Match is…..LOL.
Nor would Bo Phoney !!
*** NEVER BEFORE IN THE HISTORY OF ALL PRESIDENTS HAS THIS PRESIDENT OBAMA BEEN GIVING A PASS ON SUCH A FAILING ECONOMY!
http://wolfstreet.com/2016/01/22/freight-recession-blamed-on-consumers-and-commodities/
Needs impeachment and expose the on going corruption within the Federal Government.
*** THE BALTIC DRY INDEX CONTINUES TO FALL, NOW AT 354 POINTS!
http://www.bloomberg.com/quote/BDIY:IND
Nothing is moving…………only food and medicine!
It’s the ” Day The Earth Stood Still.”
All inventories are in, nobody is ordering anything!
*peck…peck..peck*….chicken little is out of his doomsday bunker again.
Keep on dreaming and living in that fantasy world of yours Alice because it’s truly a Wonderland.
Life is great Mark,
You should try living it once in awhile.
Theres no need to live life as a bitter doomer looking at the sky waiting for it to fall any moment.
Count your blessings instead of the Baltic Dry Index,
….go on….you know deep down you want to.
🙂
Retarded!
A self description Mark ?
Where is the one eyed robot?
good one Big Al. 🙂
They were supposed to be covering robots and AI at Davos, but the world stock market turmoil and collapse of oil stole the show….
I hear some women love the big one eye.
….& all this time I thought they only ever cared about the ever diminishing Baltic Dry Index.
Silly me.
You’re looking at a tinderbox the likes of which you’ve never seen before’: Gerald Celente merely affirms Bill Holter’s earlier post: We’re standing at the gates of hell’.
He’s right!
Your thoughts Al….
Celente is a broken record,
…..& still lives in a turntable world.
Sad.
SEG 1………great guest….
Yamada is spot with past calls.
Al, Cory, you guys forgot to question Yamada on the pms……………..think pooh…..
Louise Yamada is great to listen to and is typically spot on.
COT report for last week—-minimal movement in the short/long contract positions. I believe, the COT report won’t add anything to the prospective movement of the PMs for some period of time going forward.
They don’t have much………..we know that!
Al and Cory, Thanks for having Louise Yamada on. I was disappointed you didn’t ask her about gold?
ditto ……see above comments………………frank
Frank from Moscow, Sorry to be redundant, didn’t see your comment before posting…
No problem……I was just agreeing 100% with your comment……..appreciate the reply………cheers…………………….FFM
Chris, Richard and Cory, Thanks for the discussion. One of the concerns that arose in the global financial crisis of 2008 was whether the seizure in the markets was driven by liquidity or solvency. Perhaps China is in the early stages of those same concerns.
One of the most amazing statistics to me is that total credit market debt in the US has ballooned by $10 trillion since 2007! Deleveraging? What deleveraging? As Richard has said several times, US financial assets are now deflating (excluding treasury notes and bonds?).
The Austrian economists all warn that the only way to properly handle a credit bubble is never to allow it to develop…
Power, you couldn’t be more correct—I believe that US paper assets (excluding treasury notes/bonds) will see a VERY painful deleveraging for 2-3 years unlike the rather quick deleveraging seen in the recession of 2009 when those markets dropped for 11/2 years. The dow/gold ratio is now starting its’ inexorable move down again and will be driven mainly by paper asset depreciation for the first 1-11/2 years. After that period of time PMs should be handed the baton and along with the continual paper asset decline will accelarate the ratio down to our goal of a 2/1 or 1/1 relationship. This should take place over the next 7-10 years.
Richard, Looking at the Dow to Gold ratio you mentioned, it is still making higher highs and higher lows over the last 12 months (so far anyway). To validate that it’s beginning to roll over we would either want to see a lower low during the current cycle or a lower high at its next peak (referencing the daily chart)? Thanks for sharing.
Power, the process is starting.
Watch for a break of the 500 week ema.
Matthew, correct—-each high will have less vigor to it.
Richard and Matthew, Aha! The NYSE composite versus the gold price is already making lower highs and lower lows…
And what a sorry bounce it’s having even versus the dollar:
When such a plunge results in THAT, look out below.
.”Turd Watch” S&P 1920…… gold 1108 break through?
Germany Lost Track of 600,000 Refugees; Who knows Where they are Now?
The German government has now admitted it cannot account for 600,000 of the 1.1 million migrants who arrived into the country last year. And people wonder why the borders are closing? Germany has become one giant mess – a transit stop who what purpose? Germany was not equipped to handle these refugees and this is now raising concerns sky-high behind the curtain. Now 600,000 refugees can be anywhere throughout the EU. That is bigger than any army in history. Was Europe just invaded? This is beginning to look like the invasion of the Huns.
600,000 is not to bad, US has 15million Illegals…………………
The German women aren’t taking too kindly to some of them, wherever they are.
The mayor of Cologne has summoned police for crisis talks after about 80 women reported sexual assaults and muggings by men on New Year’s Eve.
The scale of the attacks on women at the city’s central railway station has shocked Germany. About 1,000 drunk and aggressive young men were involved.
City police chief Wolfgang Albers called it “a completely new dimension of crime”. The men were of Arab or North African appearance, he said.
Women were also targeted in Hamburg.
But the Cologne assaults – near the city’s iconic cathedral – were the most serious, German media report. At least one woman was raped, and many were groped.
Most of the crimes reported to police were robberies. A volunteer policewoman was among those sexually molested.
That you for the link Markettofuture.
16 million that are unaccountable?
The scary part is in the end Chicken Little was right and vindicated.
Actually, I think that was the boy who cried wolf. Chicken Little and her friends were all lured to “safety” in Foxy Loxy’s den if I recall correctly.
Not in the Disney version. Lol
Cassandra? No one believed her when she “warned the Trojans about the Greeks hiding inside the Trojan Horse, Agamemnon’s death and her own demise at the hands of Aegisthus and Clytemnestra, her mother Hecuba’s fate, Odysseus’s ten year wanderings before returning to his home, and the murder of Aegisthus and Clytemnestra by her children Electra and Orestes.”
No one believes Jim Sinclair’s call for gold@50000 either, but he could be right one day.
Felix Zulauf in the Barron’s roundtable said he would buy gold later this year, but it could fall to 1000 first.
It’s not as outlandish as it appears. For example, the 263 million ounces of gold held by the U.S. had to be valued at about $475 per ounce in order to match the value of foreign held U.S. debt in Q1, 1980. Gold spiked to nearly twice that level that year. Today, gold would have to trade at about $23,000 per ounce in order to match the value of foreign held U.S. debt. A repeat of the overshoot in 1980 would put gold at close to $40,000 per ounce.
On the other hand, this example argues against Sinclair’s number:
At gold’s $850 peak in 1980, the 263 million ounces reached a value equivalent to 58% of the M1 money supply. A repeat of that performance today would put gold at just $6,800 per ounce.
I happen to think that the value of the U.S. gold reserves relative to foreign held debt is more important than its value relative to M1 but I could be wrong. In fact, I could be wrong about the significance of either example but am still convinced that gold is cheap relative to paper assets in general.
Of course, if it comes to light, by hook or by crook, that the U.S. doesn’t have the 263 million ounces it claims, then Sinclair’s number could be low.
Why do the people at KEReport and the guests like to bash CNBC? I find some of the people on that network like Jim Cramer, Tim Seymour, the Najarian brothers, and Rick Santelli to be quite informative. Even though you can bash CNBC, I’m sure you guys watch it.
Last watched, 2005
Do they give you constant Baltic Dry Index updates ?
Oh the horror…oh the horror if so.
I can’t take it anymore. ..ahhhh !!
Life is no longer worth living due to shipping.
…..”All aboard” Skipper.
I want to hear Louise say “saucer”. Saucer-shaped market top. Like she said when the DOW/gold ratio went down to around 8.
Calling a top in gold.
Thanks for the weekend show as usual guys, much appreciated.
Re. Segment 3 though,
You can’t make a silk purse out of a sow’s ear,
Nor can you polish a turd.
Sorry, but this guy has called more bottoms in the metals than you’d see at a nudist colony.
His commentary is a waste of your resources imo.
Cheers.