Hi Jerry…Just read your post & I don’t know why but the word “DODO” popped into my mind.
Hi Irish, …….I say , can gold “DODO” it again today.
Gold up as high as 1118………………..1111…….looking dood………
Jay, here’s a model of inflation/deflation which basically indicates we are headlong into deflation. Prices of commodities are basically supported on lower interest rates, and you have a struggle between interest that both mark to model, that prices of commodities are fixed to fit the model, then the market bucks the trend with fipundamentals:
Or should I say that the market is bucking the mark to model trend and re-introducing fundamentals.
Like this:
Fran Six. Good chart with Prings Inflation Index, the CRB, and Gold priced in Silver. Thanks.
AL….I see no chart….S$£T ive gone blind…………….X
The chart went to the same place all this paper wealth went. It disappeared in the deflationary black hole.
Here you go Irish:
http://jaytaylormedia.com/inflation-or-deflation/
(And the blind shall lead the blind!)
CFS….Cheers.
Proof yet again that not all cultures are equivalent!
Some ARE really BETTER than others, despite what multiculturalists may claim.
ON TOPIC:
Cheap put insurance in failing economy:
http://www.zerohedge.com/news/2016-01-25/if-all-markets-crashed-tomorrow-here-are-cheapest-hedges-systemic-collapse
Orex was up today:
Orex Hits 61 Metres Grading 359 g/t Silver from Surface at the Sandra Escobar Project in Durango, Mexico
Good news works.
Interesting on Orex. Thanks CFS.
CFS – Do you follow Avino Silver and Gold (ASM)?
On their new corporate presentation (this is their actual slideshow presentation from the Noble Financial Show w/ President David Wolfin), they highlight an AISC of $9.16 for Q3 2015. That is way below most of their peers.
Now I think these numbers may have changed slightly, for Q4 and I’d have to go look them all up, but just peeling them off Slides (12 & 13):
Avino Silver and Gold AISC $9.16
Great Panther Silver AISC $13.08
Fortuna Silver AISC $13.79
First Majestic Silver AISC $14.41
Endeavour Silver AISC $15.05
Pan American Silver AISC $16.29
Americas Silver Corp AISC $16.47
http://noble.mediasite.com/mediasite/Play/53c4546fc4ac485f8d8fbe389e920ca81d
Our friends and hosts today Jay Taylor and Chris Temple are highlighted on page 32.
I just watched this whole presentation and remain a very enthusiastic shareholder of Avino Silver and Gold. Between the Avino and San Gonzalo mines, the old tailing mineralization, and Bralorne mines, I envision a very bright future for (ASM).
The Samsung offtake deal, too, is one that added even more meat to this story.
Me to😉
I wonder why Sprott got out of Avino as an invester?
Yes the off-take agreement w/ Samsung is very encouraging and speaks to the opportunity with Avino, and the way the business climate is moving.
Sprott owns 10% of IMPACT Silver. I tend to like plays that have few funds and institutions playing them.
http://investors.morningstar.com/ownership/shareholders-major.html?t=XTSX:IPT®ion=CAN
Compare the above to this:
http://investors.morningstar.com/ownership/shareholders-major.html?t=EXK®ion=USA
I’ll admit I do like Endeavour Silver though, despite the big institutional interest.
I did very well with EXK in 2010. I’m sure it will do far better this time around.
Speaking of Samsung…….
Samsung Launches Gold Smartwatch, And It’s Cheaper Than Apple’s
Tuesday January 26, 2016
Eldorado Announces Preliminary 2015 Operational Results and 2016 Guidance
VANCOUVER, Jan. 25, 2016
Detour Gold Provides 2016 Guidance
TORONTO, ONTARIO–(Marketwired – Jan. 25, 2016)
Primero Increases Production by 15% and Lowers AISC by 20% in 2015; Expects Additional Cost Reductions in 2016
TORONTO, ON–(Marketwired – January 25, 2016)
Alacer Gold announces 2015 year-end operating and financial results release date and conference call
TORONTO, Jan. 25, 2016
“The Sulfide Project will bring Çöpler’s remaining Life-of-Mine gold production to 3.7 million ounces at industry low All-in Sustaining Costs averaging $637 per ounce.”
Interesting article:
http://www.plata.com.mx/mplata/articulos/articlesFilt.asp?fiidarticulo=281
There is an english translation on the site….
the coming revaluation of gold
I thought this was an interesting passage:
“Sandeep Jaitly thinks that the desperate reserve-issuing CBs – the US Fed, the ECB, the Bank of England and the Japanese CB – may resort to programs of QEP, by which he means “Quantitative Easing for the People”. This quantitative easing will mean putting money into the hands of the populations by rebates on taxes, invented make-work schemes or any other excuse to furnish the people with the famous “helicopter money”, to get them to spend.”
CHARTING THE CRASH – HOW FAR WILL THE BOUNCE GET?…
originally published January 24th, 2016
Clive Maund – Dome Top Chart
http://www.clivemaund.com/charts/spx2year230116.jpg?PHPSESSID=da4351c0e6e96ac80d4d74b7b71d2494
on S&P 500 Index.
Clive Maund – DOW Bull Horn Top – Chart
This Past Week In Gold
Jack Chan – Posted Jan 25, 2016
Interesting charts for GLD, SLV, and GDX.
by Harvard economist; co-author of “this time is different”
Gold up to $1115.30. It has taken out $1111 and $1112 decisively now and continues to rally in January as expected.
JNUG looking peppy. Heading to $28. May make it to $32 before this rally tops.
http://stockcharts.com/h-sc/ui?s=JNUG&p=D&yr=0&mn=6&dy=0&id=p27381024347
Nailed it. JNUG went up and hit $28 as predicted.
There is a huge correction in the Asian markets and early morning US markets has things in a sell everything mode. It will be interesting to see what assets survive these headwinds today. At present the US Dollar and Gold are both up in tandem.
Gold did breakout, but has pulled back to $1112 at this time. We’ll see how it goes…
I see our number is back…………………….1111
or……1112
China warns SOROS on currency wars………….zerohedge………gold going higher…I think.
I think someone is trying to shift the blame. I don’t see Soros playing much role if the population is not behaving the way as it is. Wounds are mostly self-inflicted. US is trying to fleece the sheep at this time by attracting capital from all around the world for sure. But Chinese are too insecure or too serious about showing off. Moving outside or having kids studying outside is viewed by most people as rich. So, people with wealth will either move some money out or just send their kids to study overseas. A lot of money flows out. Based on the past experience of people from Hong Kong, most of these money will be lost and they have no way of making money outside of China. They still have to go back and leave their wives and children here or happy with what they end up with. These have created a lot of marriage problem among returning Chinese. A friends of mine got a very senior position in Beijing a few years ago. His wife refused to let him go back because she was afraid of losing him. He has been regretting not insisting enough ever since. Unless people chance, the capital flow will be on going. Off course, this will also create a lot of opportunities for people who is willing to stay.
Change not chance
yep. Now it is a rearrangement to $1121….. 🙂
JUST FOR THE RECORD…………..I think I was right…………………lol
Yep. The Cup & Handle pattern we discussed and the Morris Hubbart video we reviewed had movement above the $1110-$1112 as a breakout above the rim of the cup or the “saucer” pattern. The pattern pulled right back to that level after moving through it to retest, and then surged higher. High – Five!
Hang ten………………… 🙂
It seems to me the UN should support Anthropogenic climate change to reduce starvation!
http://scienceandpublicpolicy.org/images/stories/papers/originals/co2_enrichment_on_tomatos.pdf
**** You people………………ain’t seen nothing yet!
https://www.youtube.com/watch?v=4cia_v4vxfE
So damn…………..greedy!
Owl………sure looks good in his blue outfit………
Paulson puts up his own personal holdings to secure credit line at HSBC……..here is your greedy one…………. 🙂
OK, did Freeport just bottom and, if so, has it just signalled a bottom for the commodity miners?
Subprime is back……….real estate should see a surge……with the 3% down crowd coming out once again. ….
OPEC Governor Nawal al-Fuzaia suggested Today that the Organization of the Petroleum Exporting Countries is ready to cut production in an effort to stem the persistent slump in oil prices.
TLR to sell (give away) Butte project for about $400,000 in cash and shares to a company who’s president and director is the former chairman of TLR. Do we smell a lawsuit?
In other words………….OIL,DOW and DOLLAR…………..DOWN.