Gold and the US Dollar
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- Segment 1-3: Jim Rickards joins us to discuss his new book, The New Case For Gold, and the outlook on the global financial system.
- Segment 4: John Rubino, Editor of DollarCollapse.com provides his reasons for buying gold.
- Segment 5: John Kasier, Founder of Kaiser Research Online is back to discuss more exploration companies that he likes.
- Segment 6: We start Traders Corner with Avi Gilburt of ElliottWaveTrader.net discussing the US markets and gold and silver.
- Segment 7: Trader Victor Sperandeo is back this week talking about his outlook on gold and the US dollar.
- Segment 8: Glen Downs takes a look at the Democratic side of the election.
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Re Seg 8: If you like Glen Downs, check out his conversation with Martin Armstrong last week.
https://www.armstrongeconomics.com/international-news/north_america/americas-current-economy/glen-downs-armstrong-conversation-03-23-2016/
Hi Bobby,
We actually meant to post that.
Great Al, tells me that I am on the right track.
Bobby………..As Martin says………..Game over…………….
Thank you Skeeta!
How will gold be evaluated first, before a devaluation can occur? Will it jump to $10000 an ounce? I would say NO. Gold prices are a function of interest rates trending below inflation, therefore a devaluation has limits vis-a-vis where interest rates are to inflation.
Devaluing a currency THAT MUCH to reflect an arbitrary appraisal of gold prices in a certain currency would destroy the currency.
Gold prices are also too volatile at present(despite its low volatility) to measure against, say the bond market. Gold price volatility would have to decline markedly until price changes are marked in the thousanths of a single dollar on a given day, much like currencies.
You have to remember that gold’s bull market has mostly seen its day, though it might still have some room for a final leg up.
A bigger change for the moment can be anticipated whether the PBOC de-pegs the Yuan, for example, or negative rates happen in the US.
Gold obtains its value in the market by trading daily(something like $24b. a day). and it MUST trade as if it were a form of money market.
The monthly chart of TNX/PRII shows a brief pause, but the KST is so overextended at an extreme valuation, that this ratio must continue to decline:
Good post Fran.
Yes, always very good stuff from FranSix. While I agree that most of the bull market is done, in real terms, I think it has a very long way to go versus debt, and that includes the debt that so much debt is priced in – the Federal Reserve Note.
Here’s FranSix’s chart above with the MACD and TRIX in place of the indicators he selected. The MACD has plunged in 2016 precisely with TNX:PRII and has given its best looking sell signal in decades. It will be interesting to see how long it takes for the TRIX to confirm the signal.
There will be great gains for gold as those indicators head for zero but the most impressive moves will probably take place after they have gone negative (see 2001 and 2010).
http://schrts.co/zxrZkB
“With its triple smoothing, TRIX is designed to filter insignificant price movements. Chartists can use TRIX to generate signals similar to MACD.”
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:trix
Very interesting on the TRIX. I’ve not really used it as a momentum indicator before, but it’s tripled smoothed…..so hey, what’s not to like? Thanks for the shortcut to the definition and how the TRIX gets calculated.
I saw your post below about Cook calling silver investors wingnuts. I know I’ve already said my piece about it, but don’t you just love the little collectivists on the left? Their “team” consists of the most vile characters in human history yet they despise the Koch brothers and silver investors? Now that’s a thorough brainwashing.
Brent Cook seems like a generally nice guy and have absolutely learned a number of things about how to evaluate mining deposits, identify pitfalls, (water rights issues, permitting issues, environmental challenges, unrealistic expectations and hidden assumptions of mining executives or even their geologists). He’s a straight-shooter, and helpful to most that ask, but at times dismissive and a little self-assured that he’s got it all figured out.
To their point, there are a lot of kooky end-of-the-world doom and gloomers in the PM investing space, but to single out the Silver Investors and the Silver Summit as the storehouse of all the quacks and wingnuts, and claim gold investors are more savvy or intelligent is a bit much (especially on a very public venue like Kitco’s PDAC coverage – Hopefully they’ll remember that Kitco buys and sells Silver bullion to the wingnuts and they read their newsletters).
Mickey Fulp is also a stand up guy and straight shooter, and like him quite a great deal, and have shared often that I respect both of their opinions and read and listen to about anything I find them discussing. I get all Mickey’s mercenary musings, and always appreciate their interviews on other programs. However, if investors just missed this explosive move up in the Silver miners then they weren’t paying attention to the valuations of these miners or the stored up potential. There has been quite a bit more discussion on the Lithium miners here on KER for the last 2 years (which Mickey also scoffed at in a number of interviews in late 2014-early 2016, as a second bubble and refuted Jeb Handwerger’s addresses at investment conferences about the Lithium and Niobium market).
My only point is that when you publicly scoff at area that just rips up to new highs, and tout yourself as an expert with people are paying you for your “ear-to-the-ground” reporting, geological expertise, and understanding trends in the Jr miners, then why did almost all these “experts” miss the best performing breakout stories in the mining sector? Why were the wingnuts so ahead of the curve and well-positioned in these stories when money started coming back into them? All I am suggesting is that there are a few well-informed retail investors in the PM mining sector at this time who understand the lay of the land here in the survivors ball.
Joe nailed Lake Shore Gold and Claude for Brent, but Matthew we started discussing the success and undervaluation in Claude back in 2012 all the way until present. I would also argue that Doc, Al, Cory, Chris Temple, and Morris Hubbart had Claude figured out way before most in the precious metals space. As for Lake Shore gold the audience here on the KER has been discussing Lake Shore Gold’s out performance for the last 2 years as one of the stocks that had bottomed with the best of class in Gold miners in 2013. As far as I know we are geologists, aren’t making site visits, aren’t charging any money for newsletters.
After a stunt like that it’s just that a little jab shouldn’t be unexpected, all in good fun. Again, I’d still like to have a beer with all 3 them at the bar at PDAC and share some laughs, but come on’ calling Silver investors wingnuts and crackpots on Kitco is a bit rich, even for a smartass like me. 😉
The Gold-to-Silver Ratio: A Truly Generational Opportunity
The Gold Report |April 2nd, 2016 – Michael Ballanger
http://www.mining.com/web/the-gold-to-silver-ratio-a-truly-generational-opportunity/
Just listened to Bob Hoye (the market historian) over at This Week in Money. Bob says the run in gold has been terrific but he thinks that is the best we will see for the rest of this year and its time to take some profits off the table. That was interesting to me because just last week he had been saying he felt we were entering a new gold bull market which kind of surprised me. Good for him that he has looked a little more closely at the charts and has now come to a less bullish conclusion. And I agree with you Bob…the big run is done. We will get another chance next year to play on the long side. Tick tick tick….just 9 months to go!
Talk Digital Network – This Week in Money — April 2nd 2016. Featuring Bob Hoye and Ross Clark (43 minute radio show)
http://talkdigitalnetwork.com/2016/04/this-week-in-money-40/
Thanks for the Hoye post Farmer IC. It is long but interesting.
Back on task with with using the TRIX as a momentum indicator – do you use it often for spotting turns over the MACD or do you like the MACD better?
I find the Slow Stochastics, RSI, Stochastics RSI, and ADX to a be a better indicator of turns personally, but also liked your posts on using the Bollinger Bands in conjunction with the Kelter Channels and looking for crosses as another way to spot turns.
Thanks for the heads up again on the TRIX indicator.
Here is a chart of (SILJ) for a general look at the Silver Juniors. When you look at the TRIX and MACD and Stochastics, doesn’t it look like they could pull back? I put the the 50 Day EMA as a likely area of support. Any thoughts on this chart?
http://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=1&mn=0&dy=0&id=p43799010118
TRIX signals lag MACD signals but gives fewer false signals. So I like it best used for confirmation on the monthly chart. In fact, it is now confirming the monthly MACD buy signal for gold.
On your SILJ daily chart, it has confirmed the MACD sell signal.
But remember what I’ve mentioned a few times over the last few months. Be careful with such daily chart sells during a bull market. Here’s that Claude chart again as an example:
Speaking of Claude, it’s interesting that the buyout news came at the perfect time to take it to resistance at the top of its uptrend channel.
Yes that is good point about the indicators pointing to sell but if it’s a bull market it may only consolidate only to charge higher.
As for Claude that is a good reminder of how bull market action can defy the indicators, and yes the timing of the news and buyout fulfilled the technical breakout to resistance perfectly.
Strong Jobs Report Sees Conflicted Markets Stretched This Way And That
April 1, 2016 – Gary Wagner (Weekend Special VIDEO)
http://thegoldforecast.com/video/strong-jobs-report-sees-conflicted-markets-stretched-way-and
Precious Metal ETFs Video Analysis (GDX, GDXJ, and SIL)
Morris Hubbartt – April 1, 2016
http://www.superforcesignals.com/video/2016mar31gdx/2016mar31gdx.html
SFJ Core Position Stocks Video Analysis
Morris Hubbartt – April 1, 2016
http://www.superforcesignals.com/video/2016mar31sfjcore/2016mar31sfjcore.html
The Midas Touch Consulting Report 30th of March 2016
Florian Grummes – Apr 2, 2016
“Gold is getting weaker. With today’s reversal the weekly chart is likely going to lose its embedded slow stochastic. Finally! This trend-reinforcing special set up has been in place since early February. Without the embedded stochastic Gold would become very overbought on the weekly chart. But this does not mean that prices have to immediately roll over. More likely will be a continuation of the volatile consolidation between $1,200 and $1,280 with a final pullback towards the 200MA. The outlook for gold remains cautious for the next couple of weeks and months. But in the bigger picture it is very likely on its way towards $1,500 and should start moving again in early summer. Don’t short it but stay at the sidelines and wait for the dips…..”
http://www.321gold.com/editorials/grummes/grummes040216.html
Gold stocks correcting through time not price
Jordan Roy-Byrne – The Daily Gold | a day ago
http://www.mining.com/web/gold-stocks-correcting-through-time-not-price/
Both GDX and GDXJ are forming rounded tops that are usually more indicative of a coming price decline than a mere correction in time versus price. Jordan is suggesting that this current peak is just a stopping ground before the next move upwards but that is not what a lot of the charts are telling me. On the contrary I am looking for a healthy retrace of the miners based on that rounded pattern and would not be buyer at current levels.
And Gary agrees because he just put up a blog on this exact topic after reading my comment. Thanks Gary!
So here is the 6 month chart for GDX. Now take a long hard look at that folks and PLEASE think twice before buying the bullish propaganda being spewed by so many out in the blog world.
That rolling top is a big fat warning to get the hell out of gold mining stocks in my experience. You may have a different point of view naturally (and that is all well and fine) but just don’t say you did not look at this chart first so you could make an assessment of your odds.
Rolling tops usually fail. That means you will lose money by holding long positions in the miners *if* this is a typical topping process. As always, there is no guarantee whatsoever that this could not all change and go bullish but I highly doubt that based on a range of technical’s that are warning us to lighten up.
Put a pitchfork in it Matthew. A blue pitchfork since those don’t usually indicate anything useful. Two days back you said this was a buying opportunity in miners. We will review your call (and mine) in a months time.
I say you are going to be wrong as usual.
GDX on a six month chart — It is forming a rolling top and starting to head down.
http://finance.yahoo.com/echarts?s=GDX+Interactive#{%22range%22:%226mo%22,%22allowChartStacking%22:true}
I wonder why Birdman the pretender is obsessed with me and even my pitchforks. Does he not realize that I did not invent that technical tool?
Ex, Jordan summed it up well: “Gold stocks correcting through time not price.”
Of course he realizes that. Its just easier to refer to pitchforks than call you by name some days since you are the only person I know who takes those technicals seriously.
Lol, keep digging!
Excuse me Shad but those videos from Superforce are not public domain to be copy-pasted for everyone. Seems to me you need to be a subscriber. You think maybe they might not appreciate you linking to their material and giving it away for free.
Just wondering.
Farmer In Canada – Those Morris Hubbartt Videos are posted freely on 321gold each weekend and if you watch them he promotes coming over and becoming a subscriber. They were all public domain and Morris shares them the with Gold community through Bob M.’s site.
Here is the full article for reference with all his videos embedded:
__________________________________________________________________________
Silver Stocks Lead & US Dollar Melts
Morris Hubbartt
Super Force Precious Metals Video Analysis
posted Apr 1, 2016
Here are today’s videos and charts (double click to enlarge):
Matthew – yes, I thought that piece from Jordan was unique on the time versus price.
I am also curious to see if the Bullish Flag pattern he is postulating does play out over the next week or two, which would allow consolidation and another thrust to the upside. I’m not totally convinced of that yet, but time will tell.
Makes a lot of sense and well reasoned FranSix. I’ve never been one for putting much stock in the total destruction of a currency (barring the EURO of course), but not the USD, or Swiss Franc, or Brittish Pound, or Canadian Loonie, etc…. Yes, if the PBOC unpegs the Yuan that will create quite a stir.
I do keep the door open for the end game of the Currency Wars to be such a cluster that the Globalist elites propose a Global Currency at the height of the panic. Problem-Reaction-Solution. David Rockefeller and the many groups he created have a global currency as one of their primary goals (as well as a micro-chipped population to handle the digital currency available and the phasing out of cash). Not a very rosy picture, and most don’t realize that the fireworks between the US or China or Japan or Great Britain or the Eurozone or whatever are all just a big soap opera…… the end game is destabilization to where the people beg for a solution, and they get offered the new planetary currency.
To quote the Lord of the Rings inscription and curse that Sauron, the Dark Lord of Mordor placed on it (But think of this proposed Global Currency when you read it):
“One Ring to rule them all, One Ring to find them,
One Ring to bring them all, and in the darkness bind them”
Anything is certainly possible Ex. My personal belief is that the bad guys will never win. God gave us all free will and we will knock them out.
I certainly like that enthusiasm Big Al. It is definitely not a done deal, but a global currency is one of the prime goals of those circles and they are fairly open about it. This is a topic that we will be faced with in the next 10 years and the currency wars will only intensify.
I happen to believe this is why the Fed even gives a rip about not upsetting the global marketplace, and it seems pretty obvious that all these central banks are seeing from the same song sheet. My question is – who wrote the music and where are things headed?
The general public doesn’t really identify that there are good or bad guys, they just know they don’t like bankers or the those 1%ers ( successful entrepreneurs that actually created something, offered value, and took a risk in building something).
The general public has mentally lumped together the bad guys and good guys into the evil “Haves”, and really come at things from a poverty mentality “Have Nots.” That is why the poor will always be amongst us – It is a sickness in thinking, belief systems, a lack of reasoning, a lack of ceasing available opportunity, and lack ingenuity, specialized knowledge, and effort the vast majority of the time.
What is most ironic about your statement is that it is very rare that peoples “Free Will” is backed by a successful attitude, philosophy, willingness to change, willingness to release socially programed ideas, and willingness to release limiting belief systems. Sure they are free to make a ridiculous or emotional decision, but that doesn’t mean it will come from a well-reasoned vantage point with a firm grasp of understanding the issues. Just look at the election circus you keep mentioning, sure people have freedom of will and look at the monkeys they have up their for commander in chief. Ridiculous!
Sorry, I am optimistic that people will continue to wake up and learn more, but also realistic in that history doesn’t show the masses as being particularly wise, groups often turn over their power and rights to other stronger types willingly or out of fear. Whether we look back at the old repressive kingdoms and nation states from thousands of years ago, or to how people interact in the microcosm of their city, organizational hierarchies at work, their church, or even in their own families…. it doesn’t paint a picture of the masses “getting it” or being “enlightened” and typically the make the worst choices or don’t break free of the hierarchical structure mindset.
In many countries it is the “bad guys” that have rigged the system to where they benefit and their people starve and it has been that way down throughout history. Look at North Korea in modern times, where the people support these ideas because they are socially conditioned to think a certain way and behave a certain way. Look at all the Banana republics that decimate their economies and break the backs of their citizens. Look at people stoning women in the streets or throwing acid in their faces in the Middle East, or tanks running over protestors in China, or the Tibet llamas being slaughtered by the Chinese, or the continued caste system in India, or the disaster of Socialism all over Europe and the people blinding turning over their currencies for the Euro in the first place, or people blindly accepting negative interest rates in Japan.
If history is our guide, people will get to a “tipping point” and make a near-sighted emotional decision to cram something through to take away the pain of the financial system, and when the people groan the globalist will offer a global currency (for the good of all peoples on Earth) and put a nice little bow on it too. The people will say gimme gimme and we’ll enter a new era of economics.
I’m sorry but experience and history shows, the people make bad decisions.
I don’t hold as much faith that the general public would even understand what they are surrendering if they were to accept a global currency. It would likely happen at a time of extreme economic turbulence (in the not so distant future), and the countries would sell the idea to their nations, and the people would likely embrace their jailors with open arms.
Great post, FranSix
Absolutely!!
YHou should listen to Rickards, Fransix!
The money system crashes first.
Banks close, stock markets close, etc.
AFTER that SDRs are issued to restart monetary system, at which point gold is revalued.
This causes inflation.
Currency continues to lose value slowly, as inflation picks up.
Re Rickards: I think he is a forward thinker and a prolific writer but will his ideas ever come to fruition? I saw him speak at Chuck Smith’s church in Costa Mesa California back in the 00’s sometime. Using a biblical approach he was touting a sabbatical year every seventh for debt forgiveness. It was an interesting sermon. He is also an insider and may have access to TPTB.
Bobby, I did not realize that he is a Christian to that extent. Thanks my friend!
Thanks as always guys. It was great to hear the quick thinking Jim Rickards and to be reminded that they’ll come a time when gold will simply prove unattainable. Nor Al do I ever tire of hearing the story of your grandparents; a reminder that when the world’s currencies go belly-up those who hold the gold will alone hold their ‘get-out-of gaol’ card.
Here in the UK interest rates on bank accounts are all but at negative levels already. What’s more as in Santander’s case they have recently increased their £2 monthly ‘service’ charge to £5, which for those holding modest balances is already a case of negative interest.
While the ‘normalcy bias’ persists with everyone carrying on in blissful ignorance Financial Armageddon is nearer than we would like to think.
Al I believe you said you’d try and get Keith Neumeyer on the show…yes?
Good point Archdeacon (!) Andrew. It would be good to hear an update from Keith on 2016 general guidance and outlooks on First Majestic and First Mining Finance.
I am also really happy John Kaiser discussed Arizona Mining in his segment. We’ve been talking about them the last 2 years here on the KER, ever since our very own Dan, Calgary brought them up when they were Wildcat Silver. We tracked their progress when they changed names and got more focused as AZ Mining. Now they have changed their name (again) to Arizona Mining, and instead of marketing as a Silver producer & development company, they have rebranded as a Zinc, Lead, Silver company. (Fine with me they have lots of all 3 and I’m bullish on Zinc for the next 2 years anyway with some of the larger mines coming offline).
I’ve posted different news releases to keep people informed of their land acquisitions at Hermosa, drill results & exploration success at the Taylor Deposit, have included them in both Silver and Base metal composite charts showing how well they have performed, usually included them on my Silver producers list, and I posted my positive outlook for them. In fact Dan & I just exchanged briefly this week discussing Arizona Mining and their rebranding from a Silver company to a Zinc company.
_____________________________________________________________________________
Here’s a composite chart showing just how well Arizona Mining has performed over the last few months with it’s peers in the Silver/Base Metal space that have done fantastic as a group:
Silvercorp, Impact Silver, Alexco, AZ mining (changed to Arizona Mining now, but Stockcharts hasn’t updated yet – was Wildcat Silver), Americas Silver Corp, Coeur Mining, First Majestic, Great Panther Silver, Endeavour Silver, and Fortuna
To clarify, even those they did test production in the past, and a pilot plant to test their processing recoveries, they are not in production. The last 2 years have been mostly focused on growing their resource as a development company, and I agree with John Kaiser, that the recent investment from Osisko shows the confidence in the project and that the exploration and definition drilling are now going into high gear.
It is a definitely a story to follow as they could also become a takeout target by a Mid-tier Silver, Gold, or Base Metal company that wants that deposit.
EXN is going to be one of the best silver producers of this upcoming bull run. Extremely high grade silver and huge exploration upside.
Thanks Ex, those companies have been around for awhile now and all survived the 4 year bear.
Yes agreed gentlemen on Excellon Resources. Did you see the news that Eric Sprott just bought $3 million in shares?
____________________________________________________________________________
Excellon Announces $3,000,000 Investment by Eric Sprott
TORONTO, ON–(Marketwired – March 31, 2016)
Agreed Ronny. I have been building a position in Excellon the past couple weeks (I missed it out of the January lows)
Silver Shortage Approaching, Metals Mining Sector Explained by Resource Expert Gwen Preston
The interview with Gwen Preston above is a little older, but she makes a lot of great points about investing in different types and stages of Gold miners, then gets into Silver short-term, mid-term, and longer term, then moves on to Copper and Zinc, and then touches on Uranium.
A a very good Gwen Preston interview.
Ronny & Dan, Calgary – A New Chart with EXCELLON RESOURCES included 🙂
Here is an updated Composite Chart on the smaller Silver producers & developing Silver explorers with well-defined resources waiting to go into production:
**** Silvercorp, Impact Silver, Alexco, AZ mining (changed to Arizona Mining now, but Stockcharts hasn’t updated yet – was Wildcat Silver), Americas Silver Corp, Coeur Mining, First Majestic, Excellon, Great Panther Silver, and Fortuna
Dec 31st to April 1st – (last 3 months which captures this explosive Silver Miners rally)
1st Quarter Phenomenal Returns of Silver stocks:
Silvercrest Metals – Gain of 225% !!
Silvercorp – Gain of 202.13% !!
Imapct Silver – Gain of 183.33 % !!
Alexco Resources – Gain of 182.35% % !!
AZ Mining (Arizona Mining) – Gain of 149.23% !!
Americas Silver Corp – Gain of 136.49% !!
Couer d Alene – Gain of 127.42% !!
Minco Silver – Gain of 106.33% !!
First Majestic – Gain of 99.08% !
Excellon Resources – Gain of 97.05% !
Great Panther Silver – Gain of 95.01% !
Fortuna Mines – Gain of 74.67%
Endeavour Silver – Gain of 74.65%
______________________________________________________________________________
Here is a revised TOP 10 Silver Stocks for the last 3 months that now features Silvercrest Metals as the top gainer, and added Minco Silver on as well.
Brent Cook & Mickey Fulp called Silver Investors a bunch of Wingnuts , and had a good snort and chuckle about it at from their PDAC at the Bar interview. (seems like an odd disposition to have for investors in the junior mining space. These companies kicked the crap out of some of their top recommendations, but don’t worry about that. 🙂
I for one was pretty happy I traded 7 of the Silver companies listed above from late December 2015 – March 2016, and still hold core positions in 4 of those companies at present.
Not bad for some wingnuts (ha ha) 😉
Many investors and pundits seem pretty bearish recently on Silver though (Avi thought lower lows were a possibility, Gwen Preston mentioned she could see a bigger pullback in Silver over other commodities, Peter hug wasn’t too positive on Silver, and there have been a few BNN shows I watched where the precious metals experts didn’t have high hopes for s Silver or the stocks). Technically the charts look ripe for a pullback in many metals, so I may lighten up even a little further in the near future depending on what the dollar does and what Gold does.
It has been a waiting game to see if Gold would close above $1308 or $1321 and drag Silver with it on this rally, or if the metals are about to roll over. We’ll know in the next few weeks. If a second breakout leg begins, then I’ll add into the rally and evaluate things from a higher price environment.
Regardless, the fact that most pundits were so Gold-focused or had pushed Silver to the back-burner is likely why they were so caught off-guard when the prices in Silver stocks just rocket-launched over the last 3 months. I’ve noticed much higher volumes in these stocks, and many resource stocks lately, so apparently the big boys and institutional investors are starting to trickle into these stocks. It was at least refreshing to see their strength, and resilience in the face of metals prices pulling back. They may very well be ready to take a breather, but at least we should throw a little celebration for the end of the First Quarter and say “Well done Silver Stocks……Well done!”.
Many thanks Ex for your posts. I’ve just got on the Alexco bandwagon. Excellon looks good also., A
Always happy to share Archdeacon (!) Andrew.
May you have very prosperous investing in the month of April.
Ever upward!
Cheers and to you!
This Silver article from Adam Hamilton is a bit long, but crammed with interesting charts and his outlook. He gets into the Gold:Silver ratio, and how Silver is due for a mean reversion to catch up to Gold. It’s worth a review:
_________________________________________________________________________
Silver Is Coiled Spring
Adam Hamilton – Apr 01, 2016
http://www.321gold.com/editorials/hamilton/hamilton040116.html
Good to see a lot of you guys are following EXN. I believe they 10 bagger written all over it.
That Adam Hamilton is a dream-bird. Too damned funny man.
I read his article and he is wrong, wrong, wrong on all of it. I could not stop laughing because its always the same when guys are bitten by their own desire to see things that don’t exist.
Call it confirmation bias or call is a hallucination but if you take his advice in that linked article Excelsior you are going to be holding a lot of losing trades. That’s my opinion of course but the technicals back me up and they say Adam is a dreamer.
He writes: “Despite silver’s vexing torpidity in recent months, it is a coiled spring ready to explode higher to catch and surpass gold…These big new capital inflows squeezing into such a small market will drive up silver prices faster than gold’s. As silver’s new bull catches up with and then surpasses gold’s, the SGR will gradually normalize. Naturally much-higher silver prices will work wonders for the left-for-dead silver miners’ stocks. Coming off of late 2015’s extreme secular lows, their gains in the coming years will certainly prove breathtaking”.
So is that a paid site? You might want a refund! Hahahaha!!!
I mean Adam Hamiltons site of course…..not 321 Gold.
Well Adam is a typically very bullish on the metals, but I think he’s a pretty smart guy. I posted both Bullish and Bearish articles on this weekend blog in different spots and felt it best to get everyone’s views and see what resonates and what one disagrees with.
I like getting a range of thoughts and analysis from both sides of the issue and then settle on my plan for the upcoming week.
At least you clarified that you don’t agree with his analysis 🙂
Good luck to everyone in their investing this week.
Hamilton is a Lulu Lemon. I know Matthew follows the guy religiously but that is not much of an endorsement. Just read Jay Taylor’s take today. He is another of the big gold dreamers. And with all due respect to him because he is a man of God and one of Al’s best friends but Jay Taylor is OUT TO LUNCH.
Do NOT take his advice under any circumstances. He knows not of what he speaks.
Read him anyway. Here is his faulty argument praising Adam Hamilton. Jesus Murphy but these guys just never learn. Bag of nails for brains. They are all broke if they drink their own Kool-Aid.
http://jaytaylormedia.com/seasonal-patterns-suggest-gold-may-be-strong-in-april-may/
Jay Taylor is a good man and very plugged in to the mining space. I disagree and have generated a number of great stock ideas by going to his site. To each their own.
Bird – Don’t lie. You do not know that I follow Adam Hamilton religiously because I do not follow anyone religiously.
If you knew Hamilton’s record and understood his approach, you’d know that he is anything but a dreamer and is very intelligent and very logical.
For you to say that he has a “bag of nails for brains” is nuts and explains why B is your biggest cheerleader.
Yes, Archdeacon
Farmer I’m starting to think your out to lunch. You are so negative on precious metals. Yet you spend a lot of time on this site which is geared toward precious metals. If your not invested in this sector or plan to be your wasting your time posting here. When the bull market comes back and it will. You will look like a fool.
An interesting chart from SPOCK at Gold Tent TA. If this plays out, we could see a peak in the PM Juniors reached at the end of May, followed by an extensive summer pullback. Then another opportunity to get back into the miners for the leg up in late Fall 2016.
I still think we could see gold briefly drop below $1200 before this next leg-up continues to the $1450 area (which would coincide with GDXJ $45 on the included chart)
Then again, Clive Maunde could get to see his dome-reversal.
Spin the wheel and place your bet: red or black
I finally clicked on your link and this Spock must be brilliant because I agree with his outlook. 😉
Supporting his view is the fact that more and more heavyweights are joining the bears every day. You have the most powerful contrary indicator when even the experts all agree AND their views are aligned with the majority. Too many people have assumed that, just because there have been very large gains, most must be bullish. This is true under most circumstances but I do not think it’s true right now.
It is telling that the bears have had such a hard time taking gold back to the 100 week moving for another test. It’s been six weeks even though strength peaked on the daily chart more than six weeks ago.
Exposed – How Two Janet Yellen Phone Calls Saved The World
Thanks to the just released February diary of Fed chief Yellen, we now know exactly when she called Bank of England Governor (and former Goldman Sachs employee) Marc Carney and ECB President (and former Goldman Sachs employee) Mario Draghi.
Can you guess when? The answer:
A lot of honourable people will say it is coincidences. Regardless how many evidence you have, someone will come back laugh at the conspiracists.
Conspiracy theory, fact or coincidence is the new normal. Spin rooms were designed by media to get to facts after debates during the Reagan administration.
Presently we have Goldman Sach’s doing God’s work and 4 other major banks posing as convicted felons. Barclays, Citicorp, JPMorgan Chase and the Royal Bank of Scotland will pay billions in fines and plead guilty to criminally manipulating global currency market going back to 2007. They forgot the JAIL part.
Does Hillary even tremble at the prospect of being quizzed by the FBI director?
Of course not, she (not only her but all of them) are above the law.
Mr Rickards talked as if the 5000 person Russian financial task force set to pounce on the “innocent” United States financial system was a dark force and imminent threat. Why would Russia want to do that? Why would they want to destroy themselves? Doesn’t the US have the same task force? Isn’t it just the balance of power, i.e. nuclear weapons? All do respect to MR Rickards, but he has a tendency to pretty up dark corners of the US government. Who’s been the aggressor for the last 20-30 years? Russia?
Big Al & Cory – I thought the 2 segments on “Trader’s Corner” was a good idea for the Weekend Show, and Avi & Trader Vic has some good food for thought.
Here’s another trader that would be great to get on the weekend show as a guest:
Morris Hubbartt
Trader Time Swing Trades Video Analysis
Super Force Precious Metals Video Analysis – Apr 1, 2016
(Jason he starts off with the 3x ETFs (DUST) and (NUGT) …….. enjoy!)
http://www.superforcesignals.com/video/2016mar31tt/2016mar31tt.html
http://www.zerohedge.com/print/527253
………
van Gelder: I want to ask you about the Trans-Pacific Partnership, and other trade deals. Is there any way that we can beat these things back so they don’t continue supercharging the corporate sphere at the expense of local democracies?
……………
Perkins: They’re devastating; they give sovereignty to corporations over governments. It’s ridiculous.
I realize a lot of the posters in this blog are traders, wanting to make a quick buck.
For the rest, I want to suggest that for long range investing that it is probably copper and copper miners that will out-perform most.
Why?
Because Africa and India are electrifying and will go to electric cars as well as increased electric use in homes.
Did you know electric cars used 3 times more copper on average compared with gasoline-powered cars?
Even if you use solar power to charge your cell phone, you need a wire to connect your cell phone to the charging system. Copper is still the best/cheapest conductor.
2 cents.
LONG RANGE…………
i am still saving the “old” copper pennies looking for a 10 bagger.
They are only selling for 3cents presently in our area……how about where your area?
forget where….how about in your area…….
Oh, I haven’t been checking to sell, i dont pay more than face.
Who do you suggest? Freeport, Nevsun ?
It depends on what kind of exposure you want – ie – large commodities conglomerates; large Copper focused producers; smaller copper focused producers; development stage companies; explorers & project generators?
There are a number metal credits with copper projects, depending on the geology and processing methods. Some have nice PM credits, and other various mixes of base metals credits. There are also some gold companies that have a fair amount of copper exposure as well, so you’re getting a hybrid poly-metallic approach.
Like CFS mentioned, knowing your time horizon is important. If you want immediate upside to rising prices, some may go with the small to mid size producers with the better balance sheets. Institutional investors may flood into the larger names first, due to the liquidity and higher share price thresholds, but these companies have a lot of debt at present. The smaller development, exploration, and project generators have some optionality locked in the vault of the earth, but I like projects that have already done a PFS or a FS and have clarified their resource with a National Instrument 43-101.
BTW – Nevsun is a very well run company, but some consider it a conflict area. I’ve heard both sides that they are helping change things in Eritrea and providing jobs, schools and infrastructure, yet others accuse them of funding and enabling a dictatorship. It is hard to know where the truth is and it is likely a 2 way street. Regardless, I believe the management and team over at Nevsun is doing a stellar job as a mining company and believes they are doing their part to make things better.
PS – see below for more Copper mining investing ideas….
I do not agree that copper miners will outperform the gold and silver miners but do think copper exposure is a good thing to accumulate for the longer term.
I agree Matthew. I believe the PMs will outperform Copper, but for the longer term I am happy to acquire interests in a number of miners with significant base metals or strategic metals and good business plans.
Copper – It’s Been a Bad Few Years
Gwen Preston- Thursday, March 31, 2016
“…..The shortfall in 2016 is expected despite an expected 4% increase in output (yes – production is increasing despite the cutbacks). And that right there is the foundation of the copper optimist case: despite global economic struggles, including slowing in copper-hungry China, demand is still rising faster than supply.”
“…Recent price gains suggest copper players and speculators are starting to agree with this perspective. At the end of the day, demand for copper keeps rising because it is essential to development, not to mention integral to most efforts to increase energy efficiency. Inexorably rising demand against a historically low price and a dearth of new production is a recipe for price gains.”
http://www.sprottglobal.com/thoughts/articles/copper-its-been-a-bad-few-years/
Good thoughts on Copper CFS. There are a number of base metal stocks I posted as a list and about half of them had significant copper credits.
There is also just the ETF (COPX) if investors just want an exposure to some of the more household names in the copper space.
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Global X Copper Miners ETF (COPX)
Fund Holdings Data as of 04/01/2016
Name % of Net Assets
OZ MINERALS LTD 7.175
TECK RESOURCES LTD-CLS B 6.552
GLENCORE PLC 6.42
KAZ MINERALS PLC 6.056
CST MINING GROUP LTD 5.956
SANDFIRE RESOURCES NL 5.208
SOUTHERN COPPER CORP 5.195
COPPER MOUNTAIN MINING CO 5.125
GRUPO MEXICO SAB DE CV-SE 4.892
TURQUOISE HILL RESOURCES 4.86
FIRST QUANTUM MINERALS LT 4.844
LUNDIN MINING CORP 4.836
JIANGXI COPPER CO LTD-H 4.574
KGHM POLSKA MIEDZ SA 4.305
FREEPORT-MCMORAN INC 4.301
CAPSTONE MINING CORP 4.238
ANTOFAGASTA PLC 3.894
HUDBAY MINERALS INC 3.732
VEDANTA RESOURCES PLC 2.934
IMPERIAL METALS CORP 2.809
CUDECO LIMITED 1.973
CASH 0.101
COPPER MOUNTAIN MINING CO 0.023
I like a number of the commodity companies up above like OZ minerals, Antofagasta, Turquoise Hill, Copper Mountain, Vedanta, KAZ, and Capstone, but I’ll also throw out a few ideas on some smaller exploration, development stage, and smaller producers:
First up I’d recommend looking into Nevsun Resources:
http://www.nevsun.com/investors/presentation/NSU-Presentation-Q4.pdf
Don’t forget Seabridge gold………it has an approx equal amount of copper in value to gold.
Absolutely, Seabridge is one of the top development companies out there with a nice mix. They fall into the Gold/Copper area discussed up above in my response to Tad.
Good company though CFS!
Balmoral Resources is an exploration company with the following 2 main properties:
GRASSETNI – CU-CO-PGE DEPOSIT
MARTINIERE GOLD SYSTEM
– they also have a 20 smaller early stage gold discoveries
Corporate Presentation for Balmoral Resources:
http://www.balmoralresources.com/assets/docs/ppt/bar-march-9-2016-20160317151355.pdf
I just did a Rick Rule binge watch from YouTube last week and was reminded in one of his presentations just how world class the assets of Ivanhoe Mines are for the PGMs, Copper, and Zinc. I believe that when commodities pull back this will be one of my top Base Metal picks for a longer term time horizon.
*Corporate Presentation Ivanhoe Mines:
http://s2.q4cdn.com/485819848/files/doc_presentations/2016/SMT-Corp-Pres-March-9-2016.pdf
Altius Minerals is another company on my radar with the Royalty focus, so they are as close to a Base Metal streamer as one can get, and they have some attactive JV Partners.
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Altius Minerals is a diversified mining royalty company with royalty interests in 13 producing mines located in Canada. Altius is focused on growing its royalty business through prospect generation and the creation and acquisition of royalties.
OUR ASSETS
Altius holds royalty interests in 13 producing assets that include a 4% NSR royalty on Hudbay’s 777 copper-zinc mine in Manitoba, 6 potash mines and 5 coal mines located in western Canada,and a royalty on the Voisey’s Bay nickel-copper-cobalt mine in Labrador. Collectively these royalties generate approximately $37-42 million in revenue per year.
_________________________________________________________________________
Corporate Presentation Altius Minerals:
Here is the Corporate Presentation for Eurasian Minerals. I mentioned them a few different times now because they have a lot of Gold, Copper, and Polymetallic royalties, stock placement sin other companies, and JV exploration agreements).
Copper North Mining Corp. (TSX.V:COL) is a Canadian mining exploration and development company, spun out from Western Copper Corporation (TSX:WRN) in October 2011. Copper North’s key asset is the Carmacks Copper Project, located in the Yukon Territory, Canada. Carmacks is permitted for construction and will produce 30 million pounds of cathode copper per year. The project is being re-engineered as a copper-gold-silver leach operation. A Preliminary Economic Assessment was completed in May 2014 and indicates that the addition of gold and silver recovery provides a positive improvement in project economics. A second phase of engineering work is in progress to evaluate opportunities to further improve operations and reduce capital and operating costs. The company resumed exploration in 2014 and 2015 leading to a substantial increase in oxide and sulphide resources, with the potential to extend mine life.
The Company has also recently acquired the Thor property, immediately south of the Kemess Mine in north central British Columbia. Thor provides Copper North with an attractive exploration and discovery opportunity adjacent a major dormant mine-mill complex. An exploration program, including drilling of porphyry copper-gold targets, is planned for summer 2016. Copper North also holds the high-grade Redstone property located in the Northwest Territories, Canada.
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Corporate Presentation Copper North Mining:
http://www.coppernorthmining.com/i/PDF/Corporate%20February%2023%202016_sm.pdf
So here’s one I’ve been watching for a little while that looks like they are on track for success. I first heard about it on BNN and starting watching and heard a little more buzz about it and have been following them more closely.
Atico Mining Corporation engages in the acquisition, exploration, and development of copper and gold projects in Colombia and Latin America. It has interests in the El Roble mine covering an area of approximately 6,679 hectares and is located in Carmen de Atrato, Colombia.
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Atico Mining Corp – Corporate Presentation:
http://www.aticomining.com/i/pdf/presentation/presentation.pdf
Check out the Board of Directors for Atico – 3 Fortuna Silver executives.
Here’s a very interesting Copper exploration and development story with a cool name.
Excelsior Mining
Their principal project is the Gunnison Copper Project located in Arizona, and what makes them unique is that they are using in-situ mining to extract copper from the soil at a really low cost. This is the same kind of technology used in Uranium Mining in Wyoming and Texas. It appears to be a very efficient way to fast track copper production.
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Excelsior Mining Corporate Presentation:
http://www.excelsiormining.com/images/Presentations/Excelsior_PPT_Feb_9_2016.pdf
John Kaiser mentioned recently to keep tabs on Reservoir Minerals Inc. as they are in the middle of an interesting acquisition by the big boys. So here’s one that is very timely that could still see a sudden upside or downside move depending on how this deal get structured.
Reservoir Minerals Inc. engages in the identification, acquisition, and exploration of precious and base metal deposits, and other resource opportunities in Europe and West Africa. The company has a portfolio of 12 exploration licenses in Serbia, which include gold, silver, copper, lead, and zinc exploration projects; and a portfolio of 4 exploration licenses in Cameroon and Gabon. It also conducts exploration activity in Macedonia, Romania, and West Africa.
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Lundin Agreement to Acquire Interest in Timok Project From Freeport and Reservoir Right of First Refusal
March 7, 2016 – Marketwired Reservoir Minerals Inc.
Which leads us to Lundin Mining – another solid company:
Lundin Mining Corporation is a diversified Canadian base metals mining company with operations in Chile, the USA, Portugal, and Sweden, primarily producing copper, nickel and zinc. In addition, Lundin Mining holds a 24% equity stake in the world-class Tenke Fungurume (“Tenke”) copper/cobalt mine in the Democratic Republic of Congo and in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.
_________________________________________________________________________
Lunding Mining Corporate Presentation:
http://www.lundinmining.com/i/pdf/2016-03-Corporate-Presentation.pdf
Lundin Mining is also down in Ecuador, so that leads me to Cornerstone Capital Resources.
Chris Temple has also mentioned them after his travels down to Ecuador recently, but they got it going on in this developing mining country.
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Cornerstone Capital Resources – Corporate Presentation
http://www.cornerstoneresources.com/i/pdf/Presentations_0815_CRICorporate.pdf
While we’re on the topic of copper and gold down in Ecuador, let’s not leave out Ross Beaty’s acquisition of Odin Mining (Greater Cangrejos project).
Odin Mining Corporate Presentation:
Candente Copper is developing the large scale Cañariaco Norte copper deposit located in Northern Peru. The deposit contains Measured and Indicated Resources totalling 752.4 million tonnes grading 0.45% copper, 0.07 g/t gold and 1.9 g/t silver (0.52% Cu equivalent) containing 7.533 billion pounds of copper, 1.7 million ounces of gold and 45.2 million ounces of silver. In addition, the deposit contains 157.7 million tonnes of Inferred Resources containing 1.434 billion pounds of copper.
_________________________________________________________________________
Candente Copper Corporate Presentation:
Minera Alamos is another company I think shows a lot of promise with their exploration thus far and they are moving into a development stage company.
They have 2 main projects:
>Los Verdes – Copper/Molybdenum/Silver
>La Fortuna – Gold
You have to download the PDF of the Corporate Presentation for Minera Alamos Inc
Constantine Metals
Here’s one that Matthew has mentioned a few times that recently had a big investment and show of confidence from Dowa Metals, and solid management.
The Company’s flagship Palmer VMS Project is located in a very accessible part of southeast Alaska and host to a NI 43-101 compliant 8.125 million tonne inferred resource grading 1.41% copper, 5.25% zinc, 0.32 g/t gold and 31.7 g/t silver that is open to expansion. The Palmer Project is being advanced in partnership with Dowa Metals & Mining Co., Ltd., who can earn 49% in the Project by making aggregate expenditures of US$22 million over four years.
They also have 3 other prospective Gold properties that I could see being spun out separately if Dowa just wanted to take over the Palmer VMS Project.
__________________________________________________________________________
Constantine Metals Corporate Presentation
http://www.constantinemetals.com/_resources/presentations/CEM_Presentation.pdf
Yes, I like CEM. Insiders own 27% and Dowa still needs to spend another $7M to earn a 49% interest in the Palmer Project. The resource has plenty of expansion potential and, thanks to Dowa’s money, shareholders won’t be diluted to get the drills turning again.
Based on the $15M already spent and the the 11/24/15 press release, it seems very unlikely that Dowa would terminate the agreement.
http://constantinemetals.com/_resources/nr/nr_2015_11_24.pdf
I agree and felt it was a strong indicator that Dowa invested in the project. I have wanted some of their corporate presentations where they address audiences at mining conferences, and how they unpacked their plan, and I think they have a good path forward with a sharp management team.
Some of these polymetallic plays like Constantine, Mandalay, Nevsun, Ivanhoe, Sierra Metals, Turquoise Hill, Altius Minerals, Strategic Metals, etc….. are very interesting because while they don’t have a single focus, they have their risks diversified in different commodities, and it gives them different times where certain assets shine allowing them to develop the other assets that will shine down the road.
watched their presentations….not “wanted”….
Tintina Resources is another company that has my attention and they may have locked into a large copper resource at their Black Butte Copper Project. Things have been moving right along and I like that they are in a safer jurisdictions in Montana.
Sandfire Resources owns 57.2% of this company, so I seem them as ripe for a takeover.
__________________________________________________________________________
Tintina Resources Corporate Presentation:
http://www.tintinaresources.com/assets/docs/ppt/2016_tau_cp.pdf
Sandfire Resources is actually a very well run Copper and Gold company and they are also working with Talisman Mining on a JV.
Sandfire Resources Corporate Presentation:
NovaCopper is another company making some waves as a development play:
NovaCopper – PDAC Corporate Presentation – March 2016
Highlights of the Arctic PEA (100% Basis)
Updated in 2013
• 12 year mine life at 10,000 tonnes per day
• 95Kt (210Mlbs) Annual Payable Cu Eq Production
• 125Mlbs payable Copper per year
• 152Mlbs payable Zinc per year
• 24Mlbs payable Lead per year
• 29,000oz payable Gold per year
• 2.5Moz payable Silver per year
• Cash costs of US$0.62/lb of payable copper net of by‐product credits
• “All‐in” cash costs of $US1.26/lb (Initial and sustaining capex, opex, TC/RCs, royalties…)
http://www.novacopper.com/i/pdf/presentations/NCQ-Presentation-PDAC-March-2016-Website.pdf
Thanks for the above efforts Excelsior…I appreciate it.
But imo…greater gains will be in PM’s than in copper in the next few years
Just my opinion.
Cheers.
Thanks Skeeta. Just so you know I completely agree with you and mentioned so up above when Matthew mentioned the same thing.
I’ll just repost those thoughts to him for convenience:
____________________________________________________________________________
On April 2, 2016 at 9:24 pm,
Excelsior says:
I agree Matthew. I believe the PMs will outperform Copper, but for the longer term I am happy to acquire interests in a number of miners with significant base metals or strategic metals and good business plans.
Yep, OOTB, but the Chinese have been stockpiling copper.
They plan ahead.
The Chinese need to make an electric car and ship it to AMERICA….Telsa’s new $35,ooo car is over priced………..
The Africans……would just strip the cars and sell the copper…………..
The African officiasl……that is
typo…….
Small point on a James Rickards comment: Selling gold is not like selling a share of stock. I believe it is considered a collectible with a 35% tax rate on the profit.
Cashing gold in Canada is tax free, but you can only sell bullion coins to the forex desk at banks that handle gold trading. 400 ounce good delivery bars are no longer good delivery if you take possession.
Buying gold is also tax free, so my guess is that Canada will be one of the only countries in the world considering confiscating people’s gold, since they have none, and will allow accumulation via bullion coins or ETFs.
Gold priced in the 30 year US T Bond looks very good this year and points to a lot more great action ahead for the gold sector.
Monthly:
Bill Holter opines on the imminent collapse. Scroll down on SGT report.
The dollar does not look good at all.
It just had another death cross (the 50 MA crossed below the 200 MA) but, counterintuitively, this usually coincides pretty closely with a short term low – timewise, so price could briefly extend to the downside before a bounce.
US Dollar & Stock Market Video Analysis
Super Force Precious Metals Video Analysis – Apr 1, 2016
Morris Hubbartt
http://www.superforcesignals.com/video/2016mar31dow/2016mar31dow.html
Check out the US Dollar Bear Wedge Meltdowns Chart.
The USD bears are in control, they’re just waiting for the right time to let the bulls know. 😉
A short term bounce wouldn’t surprise me but it’s going lower longer term.
Ha! Not likely Matthew. if the bears are in control its just a short term event. The bigger picture is for a substantial rise in the dollar beginning late in the year.
I disagree, but where does it go before “late in the year” in your mind?
Still working on that. I will have to get back to you as it develops but there is a pattern in the works that is VERY bullish dollars and a break higher will come in the fall such that we will not be discussing a devaluation anymore.
Re: Segment 6
I’m with Al. The action in the silver juniors should not be ignored. Much higher prices are coming for silver. Don’t let the recent action diminish your confidence and conviction.
Excellent podcast on the changes to U.S. health care and why Dr. Janda is retiring. A2A with Dr. Dave Janda of Operation Freedom
Not your usual A2A as today we visit again with our friend, Dr. Dave Janda. Be sure to take some time to listen to this recording as Dr. Janda addresses the current state of U.S. healthcare as well as numerous other issues.
Again, A2A is a format that allows you, the TFMR subscriber, the opportunity to interact and pose questions of the guest. So, after addressing the issues that led to Dave’s “early retirement” announcement last week, here Dave discuss topics such as:
the onerous rules, regulations and burdens places upon medical providers under Obamacare
why alternative methods and medicines are rarely discussed in health care
whether any current political candidate stands a chance at “taking on” the Political/Medical Establishment
And much, much more.
Thanks again to Dr. Janda for his continuing service to freedom-loving people everywhere and we wish him well in all of his future endeavors!
http://www.tfmetalsreport.com/podcast/7539/a2a-dr-dave-janda-operation-freedom
medication, education, taxation without representation………the sheeple are surrounded by the elites in control, to bad that 319million people are controlled by less than 800 people.
great comments about 9:00 min. in the podcast…..
That 90% computer and 10% patient time, seems right. With all the new questions they will have to ask, such as do you own a gun? RFID chips shouldn’t be that far off in the future.
THE SYSTEM IS BROKE……..the sheeple will never wake up………..
I believe we will see some movement in lithium stocks again since Tesla has pre-sold 115,000 orders for it’s new electric car which isn’t due to go into production until the end of 2017. Be the first one on your block to own a designer car, I know. I know, but I just felt it had to be said. DT
DT – More new technology being deployed in the mining space:
This aircraft looks wild!
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Breakthrough Aircraft to Transform Remote Mining
Lockheed lands $480m customer for aircraft combining power of helicopter, airplane and hovercraft dramatically altering mining and exploration economics
Frik Els | 4 days ago
http://www.mining.com/breakthrough-aircraft-to-transform-mining-economics/
The Future has arrived……. check out the videos of that thing!
What happens when the GRID GOES DOWN………..
Better buy some extra batteries……
If the grid went down my immediate concern would be that water pumps in most parts of the country wouldn’t work, and my refrigerator would crap out. So buy some backup water, and larger backup batter to charge basic appliances, and then buy a few backup batteries for your devices and cars.
______________________________________________________________________
The exciting new world of stored Backup Power.
GENERATOR…..gasoline operated……..and get a hand pump as in the olden days before electricity……… 🙂
Those hilly billys in Tenn. can show you how they work……. 🙂
Better yet, just go on over to Gatlinburg, high on the mountain , where the springs run, there will be plenty of water………. 🙂
Yes Gatlinburg is a beautiful area, once you get out of the tourist trap part and Pigeon Forge has their share of hillbillies, so it isn’t my cup of tea. I do love the mountains though.
I live in an area that has been nailed by tornadoes a few times, where the power was out for days, and the lack of water and rotting food was the first concern. I camp quite often and have 6 coolers, so my first move was to go buy ICE to store the food, and I threw some Dry Ice in the Freezer (too much because it also froze part of the fridge. 🙂
*Check out the chart of the all the different commodities at the bottom. Very interesting report card for all the different sectors:
__________________________________________________________________________
Mining’s Q1: The best it’s gonna get?
Frik Els | April 2nd, 2016
Am I on my lonesome thinking Lithium may be the first commodity that peaks then goes bust?
Could be that spot pricing does comes back down some as it has gotten a bit frothy, and may stabilize in a median range. However, here is still a bright future for batteries and the demand side is only increasing.
There are a few companies that would still be very profitable even at lower prices like the already producing Orocobre, and the near term producers – Lithium Americas Corp, Galaxy Resources, Pure Energy Minerals, Lithium X, and Nemaska Lithium.
The thing is that besides the smaller batteries being utilized in Electric Cars, new Aircraft, Laptops, Smart Phones, Tablets, etc…. There is also the new backup batteries and base load back up batteries being utilized for Solar, Wind, and other Renewable Energy for deep storage, and industry is starting to acquire and utilize back up battery power for their plants. This is an area that will continue to need more Lithium, Graphite, and Cobalt.
I still think Lithium has an interesting growth dynamic, but what is curious is that the Graphite market has not had the resurgence that Lithium has had. I think some of the hot speculative money may shift over into Graphite soon.
*This is a pretty good article by Jeb that Iremembered reading that gets into Lithium, Uranium, and a migration from some of the OIl market over to Lithium powered electric. He mentions some good companies in it.
________________________________________________________________________
Global Economy Making Clean Energy Transition
By Jeb Handwerger- Commodities- Jan 24, 2016
Good embedded Videos for Pure Energy Minerals and Dajin Resources at the bottom.
I believe that when you see one of the largest Lithium producers on the planet, SQM that has recently invested in Argentina With Lithium Americas, that this sends a signal to the marketplace that they are still very interested in growing their reserves.
A few years back people claimed we had plenty of Lithium with the big 3 companies (SQM is one of the big 3) for the demand, but they didn’t calculate just how much demand there would be or the growth of the battery electrification of portable devices and the growth of battery back up for the renewable energy sectors.
________________________________________________________________________
SQM will pay US$25 million for a 50 percent stake in Lithium Americas’s Cauchari-Olaroz project in Argentina.
Nemaska Lithium Whabouchi Updated Feasibility Study Shows a Pre-Tax NPV at 8% Discount Rate of $1.9 B (After-Tax $1.16 B) and a Pre-Tax IRR of 37.7% (After-Tax 30.3%)
QUEBEC CITY, QUEBEC–(Marketwired – April 4, 2016)
This is also breaking news in the Lithium Sector. Again, I don’t think they’d be moving into production if there was not a market for it, and they already have off-take agreements already in place. It’s an exciting sector at the moment and has really taken off in the last year or so.
Galaxy Resources is moving forward with another milestone:
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Galaxy Resources Commences Production of Lithium Concentrate at Mt Cattlin
Matthew Spizziri • March 31, 2016
“Production has commenced, with both mining and processing operations having started up. An initial 5-week program will sequentially recover and stockpile spodumene and tantalum concentrates from the fines circuit ahead of crusher and HMS circuit (coarse circuit) commissioning in the June quarter.
Given the quantities of ore already mined and available for processing, the immediate focus at restart through to May 2016, is on the processing circuit. This work shall include progressive commissioning of the primary and secondary feed preparation circuits, thickener, fine and course circuit screens, mica removal screens, the tantalum spirals and tables, as well as the fines reflux classifiers and filter belt.
Mining of blasted ore in the Dowling Pit has also commenced and this ore will be stockpiled for processing in the June quarter. Recovery of fines material from the TSF for processing in the fines circuit is scheduled to begin during the quarter. Initial plant feed will be sourced from the existing crushed fine ore stockpile adjacent to the plant.”
Ex, the electric car is a made in heaven solution to many of China’s pollution problems, I know there are upcoming mining conferences in Hong Kong and Singapore during the month of April. Lithium will be one hot topic and this spring could see a lot of interest especially in the smaller lithium producers that are potential takeovers. I can only think of one that stands out. DT
Agreed DT. Out of curiosity which one do think may get taken over Lithium Americas? Pure Energy Minerals? Galaxy Resources? Orocobre? Nemaska? Lithium X? Dajin Resources?
Ex, Orocobre! DT
Nice. Well they are the only one currently in commercial production, so they have a head start on the others, but I could see a few more mergers and takeovers in the Lithium sector, which would really get things heated up.
Did you ever follow Talison Lithium? I had them back in 2012 & 2013 before they got taken over, and Orocobre reminds me a great deal of about where they were in the process when that announcement came. I was also part of Lithium One before Galaxy Resources took them out, and Lithium Americas before Western Lithium acquired them, so I’m ready for more of that.
The recent interest from SQM in Lithium Amercias has me hopeful for an eventual takeover, but I hope it is still a year away so that their stock has more time to keep rising before that news.
Also, with Galaxy going into production with keen interest from Asia, that’s a plus.
Dajin Resoures is right next to a producing mine, as is Pure Energy Minerals, so either could be taken out.
Nemaska was the most talked about Lithium companies at the PDAC and was one of the top performers on the Canadian exchanges. Lithium X is the most hyped company and has the Tesla connection.
It’s a wacky and exciting sector to be in right now, and has been an absolute blast trading and building positions in most of them. ( I don’t have shares in Dajin, Lithium X , or Nemaska currently but am considering adding them soon and letting all the other positions ride….)
My cautionary note for people interested in the Lithium space is to watch out for the 2 dozen other companies that have just jumped on the bandwagon. I’d recommend in this space sticking with the largest names (I just mentioned most of them, but we could add Dajin Resources, Posco, Critical Elements, Bacanora minerals, and Electrovaya).
The truth is many stranded uranium and rare earth companies are converting over to Lithium companies at present but they are too late to the party in my view, and just chasing the trend. The other companies mentioned above are the quality survivors from the last bubble bursting, and have real projects that they are moving forward towards production.
Just to keep the Lithium stocks all together on one note:
If you want the big 3 (not as much growth potential as the small ones but stable):
Albermarle Corp, FMC Corp, and SQM (Sociedad Quimica Y Minera De Chile S.A.).
Personally, for exposure to those I’d recommend the ETF (LIT).
For me, I’m interested in owning the cream of the crop:
The standouts are the already producing Orocobre, and the near term producers – Lithium Americas Corp, Galaxy Resources, Pure Energy Minerals, Lithium X, and Nemaska Lithium.
We just added Dajin Resources, Posco, Critical Elements, Bacanora minerals, and Electrovaya as other possible opportunities.
Holy Crow Excelsior, how do you find the time to do so much posting and so many at such length? You sure you don’t have a team working to help you out? You are like an information machine or something.
I’ve just spent a long time studying the resource sector, and the trick is to only sleep 4-5 hours a day and spend those spare hours saved posting on KER 🙂
I’m just passionate about different areas, love to share ideas, and want to make some cheddar.
I hope it encourages others to jump in and share developing stories, investing ideas, breaking news, and other related ideas.
Cheers!
I agree FiC, Ex should have his own show. Info hub.
At one time I honestly thought he was a Computer Bot the way he made so many lists. But I am not sure anymore since there seems like there is a real person behind the words that you notice when he gets offended. Like the other day with Matthew. But who knows eh? Maybe the Bots are so sophisticated we cannot tell the difference between a human being and a computer program anymore. All I can say is that I hardly have time to read all his comments so I find it baffling how anyone can compose that much detailed information given that many, many hours of work are needed for each hour of reading. In other words, if it takes me 60 minutes to read and absorb his posts I might assume that it cost him 10 times those minutes to produce so much research with all the detailed material he includes. Well 600 minutes is equal to 10 hours! Either Shad has an obsession with the markets or he is actually a machine. No other way around it. So where does he find time to trade, work a full time job and then have a normal life after all that effort?
It’s probably an obsession with the markets Farmer IC, and a non-normal life 🙂
Serious question Shad……are you a machine?
I often wonder that certain days. Ha!
Rocky, hes not human hes like a piece of iron
I think his commitment is a bit stronger than most. The commitment of the knowledge usually results in better decisions, and more wealth.
Maybe. I cannot follow more than 20 to 30 miners at the best of times. I mean that’s it maximum that my head can contain never mind following so many other sectors at the same time.
FIC
The list of 20 30 miners that you track would be of great interest to the KER posters/listeners, I’m sure. Everyone else is sharing, why not you, too !
Brian
What? And give up my chance to sell my proprietary list for 900 dollars a year. Fur-get-it man.
Just fooling around of course. Silver-wise, a few I follow that I like are Alexco, Couer D Alene, Silver Standard, Taho, the big Streamers and Silver Corp. All of the names will be familiar to you already because this site has a tremendous group of guys who discuss them in detail on a regular basis. There is not much new about my list. Just stuff that is just normal around here day to day.
When I am interested in small caps and pennies I take my cues from Matthew since he is the site expert in that area and has made a lot of fantastic calls over the past few years (don’t let your head explode over that comment Matthew!).
For gold and copper I mostly follow the majors. Not much more to add.
I’d be lying if I said I wasn’t surprised by that comment but rest assured, no one is as aware of my shortcomings as I am.
I spend so much time with the sector because picking winners and playing them right requires two completely different skill sets. The very fact that I am always learning is a great reminder that there is always a lot that I don’t know.
As much as you irritate me some days Matthew I really appreciate your input. Some of your calls were stellar and I made a few coins listening to you. So keep up the good work. I am actually a big fan of yours when you talk about your area of specialty.
I mean that. No hard feelings about the past, OK.
See ? We can all get along just fine on this board.
As a general rule, I am trying my best to look past the poster’s on-line personality and consider their knowledge. It makes my time on KER board much, much more enjoyable.
Brian
Thanks for the kind words Chartster. I would wholeheartedly agree with your statement:
“The commitment of the knowledge usually results in better decisions, and more wealth.”
This is how I was able to pick out some of the key Silver, Gold, Lithium, Uranium, nad Agricultural pics. I only want the be in the “best in class” but you can’t just buy a newsletter or throw darts at a sector. You have to dive in with both feet and really understand it, and there is no substitution for learning, checking in with the experts, and hard work.
Personally, I get lazy if I’m not posting,and often times comments on the KER send me down a rabbit hole of one sector and I go through a quantum leap of ideas, and share them because I figure others may like the articles or companies as well.
I guess I could scale back and just not share it if people are not happy about it, but my hope is always that others will share their good ideas, stock picks, and articles as as well.
Cheers amigo!
Chartster – Here’s a good interview about the nuclear reactor demand growth in some of the emerging markets going in big in the nuclear sector. Very good information on the macro picture for Uranium.
______________________________________________________________________________
Hans Peter Zihlmann: Global Uranium Demand Set to Soar
by Collin Kettell on April 03, 2016
http://palisaderadio.com/hans-peter-zihlmann-global-uranium-demand-set-to-soar/
Great stuff, thanks Man…!
Ever upward!
Have a great month of April in your trades Chartster.
Any Emerging Markets you are liking for the Spring over the next 1-3 months?
Ex, May your spring be ever upward!
I like these long term as a portfolio hedge. Like you, I like the asset based funds, but it never hurts to diversify.
ABE, INXX, VNM, RSX, IDX, EWS. I feel these are soon to pop. Most bottomed on Jan 20th.
I like these for short term swings. EDC and RUSL.
Best!!
Oops, forgot AFK, GULF and GAF.
Very much appreciated Chartster. I’ve been looking these up and have never heard of a few of them, and some of them we’ve discussed before. I’m starting to get more interested in the Emerging Markets again and will be starting to nibble at a few of these this Spring.
May you make a fortune this Spring and invest it wisely 🙂
Denison Reports Results From Wheeler River PEA, Including Pre-Tax IRR of +20% at Current Uranium Prices and Initial CAPEX of CAD$336M
TORONTO, ONTARIO–(Marketwired – April 4, 2016)
What was the second miner Kaiser discussed?
Cirrius? Sirius? or what?
Sirios Resources Inc. (SOI.V), (SIREF) if you use the OTC
Sirios Intersects 12.08 g/t Au over 20.3 metres by Drilling at Cheechoo
Marketwired Sirios Resources Inc.
March 29, 2016
https://finance.yahoo.com/news/sirios-intersects-12-08-g-150335591.html
Fifteen or thereabouts and I’m maxed out in my head Farmer!
It s a lot Reverend. Just to keep on top of the technical’s of so many is cumbersome if you don’t use any analytical tools. For me its still the old fashioned way. I check them one by one and make a decision on that basis. Anything more and my head would explode. I just have to trust other peoples judgement on the specifics of their own area of interest. There is just no time in a day to cover more than one sector properly. So I just stick to medium and large tier gold and silver miners.
Quite so Farmer.
I agree with checking each company one by one on a fundamental basis Farmer IC.
Once I have decided that fundamentally the company, management, assets, business plan, key investors, and such is where I want it, then I start looking at the technical indicators for a good entry point, and set a plan for where my exit point would roughly be.
One of the keys to following companies is good spreadsheets and a system for quickly toggling between sectors.
For example there are really only about 25 real Uranium companies and I presently trade 8 of them. There are about 25 Lithium companies and I have only targeted 6 of them. There are about 50 Silver companies and I only trade less than 10 at any time. There are hundreds and hundreds of Gold companies but my primary focus in 2015 was on the mid-tiers (only about 30 of those). For 2016 it is the Smaller producers (about 20) and near term producers (about 20), and I’ll probably just have 10-12 I settle on.
It’s about watching that sub-sector within the Gold stocks universe and seeing which stocks are breaking out and why, or which ones are undervalued and will break out.
In my experience, most people are inefficient in how they evaluate companies, and spend too much time on economic theory or political philosophy, and not enough time on analyzing the actual stocks that they can buy and sell to make money.
A very funny story from Gartman who has really lost it this time. A man who knows too little about too many topics. He blames Uber for the oil crisis not supply:
http://www.cnbc.com/2016/03/29/gartman-forget-a-freeze-this-is-the-biggest-threat-to-oil.html
The man who claimed he will never see oil past $44 in his lifetime which means he plans to die sometime this year.
Hahaha! That’s pretty funny. But on this one I agree. Oil has a long hard road ahead. We will retest the lows by the looks of it and drop to even deeper secular lows that are going to scare the hell out of people. Twenty dollar barrels are almost a guarantee.
Alot of the posts are pretty easy to copy paste here, anything Im interested in I have generally read before they show up on this site.Notice most posts are fom the same sources.
Shad doesnt have to be a bot, its just his interest, he likes to contribute here.
I think its a little much sometimes as it can interrupt conversations, on the other hand the posts can be good conversation pieces.
For me, its WAY more companies than Im gonna follow.
Silver Doc, on the right hand side has a list of about 30 writers and their articles, SGT report has a list of 100-150?
I dont think anyone really is gonna read them all every day, but then ya pretty much dont have to, they all say about the same things. lol
I have my Favs, and some can have some pretty good insight, Butler will give you lots of ammo to support manipulation,Shadow Stats will tell you we going to heck in a handbasket etc Norcini will bring some common sense,Kitco and 321 gold can be pretty balanced bull/bear wise, so whatever a persons taste its there.
So its mostly copy-paste material? OK, I can buy that. Now it makes better sense.
There are comments and links, Im just sayin if a guy wants to spend his time that way he could, thats his interest and heck, ya gotta do somthin with ur time.
But you can get into a pattern, I do, you would be surprised how much info ya can find.
Now, if a person could remember it. lol
I follow a few miners, thats it, there is just way too much info out there.
Thats why I commented before about just buy the kitco list in a bull, they all go up together and to research them all properly you would have to be a bot.
Yes, a lot of it is copy & paste, but I usually put a few comments up above the paste with my individual thoughts. I agree with b that there are websites like 321gold, Kitco, Juniorminingnetwork, mining dot com, Mineweb, Investing News Network, Bloomberg, Yahoo Finance, Seeking Alpha, the Motley Fool, Palisade Radio, BNN commodities shows, and others that I frequent. When something jumps out as important, or about a company I follow, or that seems like big development then I post it.
Again, I guess I could scale back on sharing industry news, charts, stock picks, and research from the resource sector so that people have more room to debate which presidential candidate is more of an ass clown, but I thought we were here to make some money trading stocks and ETFs.
See Shad, when you type a sentence like the following:
” I agree with b that there are websites like 321gold, Kitco, Juniorminingnetwork, mining dot com, Mineweb, Investing News Network, Bloomberg, Yahoo Finance, Seeking Alpha, the Motley Fool, Palisade Radio, BNN commodities shows, and others that I frequent.
….you sound like a Bot and not a human being. Why did you list all of them like that?
So that others can go check out those sites of course.
Do you have a problem with me sharing good ideas? Can bots even reply to people accusing them of being bots instead of thanking them for taking the time to share in the first place?
Also would a bot know my name is Shad?
Not a very well thought out accusation Bird.
Sorry. It just sounds Bottish when you do that with all the run-on details and naming every single company or class or network or category or name or percentage or…..
Oh f*ck……..now I am doing it too.
Just trying to be thorough, and give people ideas to consider. Maybe there is a new reader that has never been to Juniorminingnetwork for example. If they start going there regularly, maybe….just maybe…. a news release will alert them to something big happening before the masses get it, and they can trade that arbitrage.
(notice how I can give just a singe example when pressed for it?)
I just don’t put all my eggs in one basket and don’t just read 1 newsletter or invest in 2-3 stocks. Also, there are about 10,000 readers here each day an 99% of them don’t post because of all the drama. My hope is that they read something that floats their boat.
I realize you don’t like me very much because you’ve accused me of being a lawyer, a shill, a bot, and on an on……but to help with you etiquette and manners, the correct response when somebody freely shares something in the spirit of helping is:
“Thank you”.
You may try it once in a while – it feels good (even to robots).
Thank You.
Glad to share man. Good luck in your investing this week.
Domo…….Domo Arigatu.
funny. I do like that song 🙂
Domo arigato (どうもありがとう Dōmo arigatō ?) (pronounced [doꜜːmo aɽiꜜɡatoː]) is a Japanese phrase meaning “Thanks a lot” or “Thank you very much”. It may also refer to: Domo Arigato (film), a 3-D film. Domo Arigato (album), by the Durutti Column. Domo arigato, a catchphrase in the song “Mr. Roboto” by Styx.
Its got your name written all over it. I like that song too.
I responded up above to your Hoye post and clarified about Morris Hubbartt freely sharing those videos each weekend on 321gold by the way, if you want shift back over to discussing investing. I responded back to a few of your other posts as well where I appreciate some of your thoughts.
blaahaahh Ex, kitco list is fine, maybe realize I was talkin to people that have no intention of doing a DD.
Check the list, its increased as much as what you guys have been talking about, alot of what you talk about is on that list.(cherry pick to show otherwise lol)
Yes, there are not so much gainers, but anything that stayed in business for this run up made money.
Anyone that bought the list is fine, and ya know what? NOBODY did, lol
Just like nobody is coming to this site and sayin “Hey, this guy posts lots, he must know what hes talkin about, Ill buy everything he mentions” Not gonna happen EX
Your posts are interesting and even good for some regular readers at Ker, but thats it.
Personally, anything I own, I own after my own DD, and I am willing to bet anyone coming to a site like this that has spare cash would do their own DD.
But as I said, your posts can be good conversation material and post away, some people like it. No issues.
Of course – everyone should do their own DD. The point was that we were, as group here on KER, sorting out a lot of the pros & cons on these stocks together, and if people acted on these picks in Gold, Silver, Uranium, Lithium, etc… then they would have kicked the crap out of buying the Kitco list. If that is all you want to do then just buy the ETFs, but my returns are about 3 times what the ETFs due, and I often trade to the short side using JDST when everyone else is on the sidelines completely or waiting for things to get better – buying the Kitco list blindly does no good on pull backs or bear markets. Get real man.
Thanks for the kind words b, yes I’m not a bot and am just interested in the resource sector. My goal is not to interrupt conversations, so if I have I apologize. Like you mentioned my goal is for the posts to be conversation pieces, or to compliment what someone else may have posted.
Cheers!
Also, I think another nice thing about the posts, is that I often go back a few days and re-read articles, look at charts others have posted, or search for specific companies to check for research that was previously posted. It is like a good storage tank of ideas and research here on the KER from everyone’s collective wisdom.
Honust Shad I think its too much.
Not because the info is bad, but because you list more than anyone would logically invest in.
Take silver, you could list the miners starting with dividend payers to the nanoes.
How much ya gonna put in each one?
Check liquidity, for me, I dont buy more than I can dump in a single moment, so if the # of shares traded in a day was say 50k what ya gonna buy?
When ya really think about it if your gonna buy the amount you post, why wouldnt ya just buy funds and etfs?
Just buy the kitco list etc
For people that pick a half dozen, once youve found them are they really gonna research all those miners every day?
For trading, for the purpose of incrasing shares? ya just need a list of say 5-6 that are as volitile a ya could hope for.
If youre trading the metal, why not the 3x etfs? No research required there.
Im not sayin your posting is bad, I just think its more info than required.
Investing in PMs isnt that complicated.
No Hal. It sounds like a computer program. I think you are a BOT.
b there are thousands of readers here each week and I like to cover things sector by sector and usually let people know my top picks and they have outperformed the Kitco list by a landslide. If you just want to buy the Kitco list then just by the ETF.
Also, I do trade the 3x ETFs and post on it fairly regularly.
I’ve never understood why people can’t just skip the post if they are not interested.
Why look a gift-horse in the mouth? My intent is to share and to discuss investing ideas, and I have about 40 stocks in play at any given time (only about 1/4 to 1/3 are in PM miners, and the rest are in other sectors).
When I hear may of the people interviewed on KER, Palisade, or wherever, they often leave off many of the great companies in a sector and only mention 1 or 2.
That is like saying I want to buy a car or truck and someone saying “Well, there’s Toyota Camry, a VW Beetle, and Hummer. Which one do you like?” That’s nonsense. You filter out whether you want a 2 door or 4 door, a coupe or sedan, or mini-van, or pickup, and the you look at the Manufacturers, then you pick the model, and then you may narrow things down to a smaller list to pick from. That is what I attempt to do with having the overall list, then pruning it down to “small producers in Silver” and then pruning it down to Silvercorp, Americas Silver, Impact Silver, Great Panter Silver, and Avino Silver & Gold….. as an example.
It is about taking a bunch of choices, doing research, bouncing ideas off other investors, and then taking the plunge and getting a position.
If you spent more time offering ideas and less time complaining, maybe you’d have made more money in the last 3 months.
He is not complaining. And you don’t know how much money he has, how much he made or what he is invested it. Stop being a such a limp noodle and thinking only your ideas are worthwhile. Al and Cory used to post much more varied material including politics until you raised a lot of shit about that.
Like you are the only person on earth who comes to this site. Stop being so flipping arrogant and linear all the time. You need a long holiday (and a girlfriend too, I think).
Got the girlfriend, planned the holiday, and b has brought up this buy the Kitco list crap several times to me now, and I’ve proved to him each time that the stocks we picked completely outperformed the ETFs, which are essentially the Kitco list. Maybe if he opened the charts and acknowledged it is and always has been a stock pickers market, he would have made MORE money. You can look at the percentage increases in the last 3 months of the stocks I talked about, bought, traded, and scored, and compare those percentages to the ETFs and do the math man.
*****************************KEEP UP THE GREAT WORK………EX…………., if they do not like it……there is a scroll button on the computer………………………………………
🙂
Thanks and agreed OOTB.
blaahaahh Ex, kitco list is fine, maybe realize I was talkin to people that have no intention of doing a DD.
Check the list, its increased as much as what you guys have been talking about, alot of what you talk about is on that list.(cherry pick to show otherwise lol)
Yes, there are not so much gainers, but anything that stayed in business for this run up made money.
Anyone that bought the list is fine, and ya know what? NOBODY did, lol
Just like nobody is coming to this site and sayin “Hey, this guy posts lots, he must know what hes talkin about, Ill buy everything he mentions” Not gonna happen EX
Your posts are interesting and even good for some regular readers at Ker, but thats it.
Personally, anything I own, I own after my own DD, and I am willing to bet anyone coming to a site like this that has spare cash would do their own DD.
But as I said, your posts can be good conversation material and post away, some people like it. No issues.
Didnt go to the right place 1st time.
Your right Farmer, Im not complaining, and your also right that the conversation was better before the “shad show” every day;
Just my opinion of course.
And Shad I have no problem using the scroll button.
As I said, keep up the posting, some people like it. No big deal.
Just had to say, I always get a gigle when people use the expression “stock pickers market”
kinda makes me think they tryin to sound knowledgable.
Its ALWAYS a stock pickers market, you CAN NOT own a stock you didnt pick.
Even if someone else picked it for you, then they picked the stock.
Stock pickers market, I always find that funny.
No offence to stock pickers everywhere.
Well, maybe its opposed to the blindfold and dartboard method, naahh, that would still be a method of picking.
I just find it funny, no offence.
I give up b. It’s not the Shad show, and there are tons of people that contribute to this site ever day, every month, and every year. I’ve been posting here for 4 years, and the blog is about the same as it’s always been. Some new, some old, some useless opinions and political religious debates that go nowhere positive, and some information about investing that may actually make people money.
If you want defend how great socialism, then there are plenty of pathetic websites out there that will pander to those fruitless discussions. This is the Korelin ECONOMICS Report, not the Enquirer. It is a sited based around resource investing, and I’m not going to apologize for posting about the topics the speakers discuss or that the show sponsors are here for.
Lastly, If you can’t see that it is always a stock pickers market, then you should just ignore the post where we are analyzing as a group which may be the best gainers. We did it with the Gold mid tiers in 2014 & 2015 and picked out most of the stocks that bottomed in 2013 versus the rest of the sector and quickly identified the ones that we missed by mid 2015. When you started this illogical rant with me last time, I showed you chart after chart where Claude, Richmont, Lake Shore Gold, Kirkland Lake, Klondex, OceanaGold, Guyana Goldfields, Detour Gold, True Gold, etc…. kicked the crap out the HUI, AXU, GDX, GDXJ, or anything like the typical Kitco list on those counter-trend rallies.
Next we shifted to new and near-term producers at the end of 2015 – early 2016 and I posted a number of times about Romarco that it was a takeover target, and it got taken out by OceanaGold and that was a huge score kicking the crap out of the kitco list at that time in a bear market. Then, I agreed with Matthew regarding True Gold being a big winner in Burkina Faso (just like Roxgold, Asanko, and Avnel will be because they are going to be the next set of producers in W. Africa. True gold got taken out by Endeavour Mining while Dragonite and I had been going back and forth about the good merits of Endeavour ming. Next I mentioned and hold Torex Gold and Golden Queen and got very interested by late 2015 and January of 2016, because they were new producers and they’ve skyrocketed up, out-performing most of the sector. Then I mentioned Mexus gold may be a takeover candidate and picked up some shares for them to be a 4 bagger for me in a few weeks. Did the Kitco list make you those kinds of returns b? All of last year we filtered down the Silver stocks to the handful of the winners, and I know that many of us have had one of the most amazing starts to the year they can remember in the small silver producers and near term producers, and I posted those charts on Thursday where many are up 90-200% , dwarfing what most “experts’ are discussing including your Mickey Fulp. If you think you can throw darts and get those kinds for returns, that you live in a fantasy world. Get real man.
What a stock-picker like a Chris Temple, John Kaiser, Michael Belkin,Jay Taylor, Brent Cook, Rick Rule, Marin Katusa, Morris Hubbartt, or even your hero Mickey Fulp does is look for undervalued companies, companies most likely to be taken out, or companies with the most torque to the upside due to optionality or near term margin increases. If you can’t understand that then there is no help for you and you should just buy the ETFs.
Ex, when you post with that length it looks like bla bla bla. lol
Just funin ya.
Like I said, post all ya want, some people like it.
Like has been said, I know how to scroll.
Just wondering shad, if ya dont mind, did you make better than 20K in the last 3 months?
I didnt, I mean, a million woulda paid 200k, 100k would pay 20K? right?
Was “blowin away” the ETFs worth 20K?
From Farmers figuring, getting subscriptions is the way to go, kinda like the guy selling shovels makin the money during the gold rush.
Anyway, did you do better than 20k in the last 3 months? Just wondering.
If anyone did, that would be neat to know.
Don’t worry about it Shad. B speaks for B. If all investors were like him, I’d be a trillionaire by now.
Honustly 😉
Yes B. More than 20K and I’m sure you made more than 20K as well. You are correct that everyone has different amounts they have to invest that is why a better measure performance by the overall percentage gains. That way if someone has $1,000 or $10 million to invest the metric used is percentage increase in one stock, ETF, or Mutual fund.
My overall trading account (with PMs, PGMs, Lithium, Uranium, Oil, volatility, EMs,Agricultural stocks, and Renewable energy) inis up about 141% plus, where my retirement account in a 401k has paled in comparison (3-7%). My precious metals gains were closer to 217% because I am a trader and not a buy and holder most of the time. I am sure Matthews gains were even more than that because he’s a better stock picker and more patient than I am.
My overall gains in all the lithium stocks is closer to 190% as some out-performed in a huge way and some under-performed the rest. What hurt my percentages were the Agricultural, Renewable Energy, and Uranium stocks as the group didn’t offer as big of gains collectively, but there were still a few standout stocks in those groups as well up about 150-200%.
I anticipate making lower gains in PMs, the same gains in Lithium, and higher gains in Agricultural, Renewables, Uranium, in the 2nd & 3rd quarters. I am saving my main OIl emphasis for the 3rd & 4th quarters.
Why what kind of percentage returns did you make b? Most in the PMs that held all the way down and still had stocks in their portfolios from 2011 are so they are still waaayy underwater and haven’t made squat by buying and holding all the way down. The ones that started new positions in late Dec/early to mid Jan (and there likely weren’t many based on the lack of comments on here or the lack of celebrating are up 40-90% in most cases.
Everyone has different investment strategies and risk tolerances, and I took some big risks buying like a madman in Nov, Dec, Jan, and Feb but I couldn’t believe where some of these were priced and they been mostly de-risked in my opinion. I doubt whether many were doing much buying at all at the end of last year or beginning of this year, and if they did, few were discussing the stocks we were here on the KER. I have posted examples of a number of my trades in real time with buy and sell prices on the this blog fairly regularly in the stocks, the ETFs, the leveraged ETFs, etc for anyone to see that wants go back and look at Dec, Jan, Feb, March.
I also know you have shared a few of your scores as well like Timmins or Minco and Impact Silver etc… but again not everyone would want to be in names like those that are “too risky” or “not liquid enough” or not over “$3” etc…. Also, someone with a large fortune ($10s of millions) many not want to risk it in mining stocks and especially in penny stocks. For them buying the Tocqueville Gold fund, USERX, or SIL would be a better bet and more conservative.
As you say b – to itch their own.
Good luck in your trading this week.
Thx for the response Ex, the reason I ask about 20k is thats what the average plumber made in that time span.
If a guy isnt making at least that much he needs to consider working for a living imo.
Not that trading isnt work of course.
I dont make money trading, Im a lousy trader, think Ive said that a time or two, I need the bull.
But I can make money when we get the OBVIOUS up moves like we just had.
I would make oodles more if I were on the american market, but Im not.
Mathew, what can I say? But I will, if all traders were like me you would be bust buddy.
Course when I played cards for a living one of the sayngs was “Lose hundreds a day but its a living”
But really Mat, how long ya think people keep going when they lose?
On the other hand, the way to leave Vegas with a small fortune is to go to Vegas with a large fortune.
Lets put it this way, to be successful ya only need be better than average.
Not really that challenging is it?
Ha! Yeah bb…..its the Shad show. Kind of funny.
But true.
Big Al and Cory do a great job with the show every single day, as do the main contributors Chris T., Rick A., Doc, and LPG. For you to scoff at their show (not that it would be the first time you did) or to think they’d change anything due to one person or 100 people is a bit conspiratorial, but I’m honored that you think anyone could have that much influence.
There are tons of different contributors here on KER that post every week, month, and year, so you two are getting really ridiculous with this shad show BS. I’m just one guy posting here, so lay off with the accusations and implications that you two can’t talk due to my posts. You can talk where ever you want, and I typically avoid your drivel anyway, so don’t blame me for interrupting your precious conversations.
There were tons of people that left because of your combative personality Bird, and what is most interesting is that when you were gone for a month with your “power outage” after cursing at Big Al and calling him every name in the book and swearing for the 10th time never to come back, it was actually one of the most peaceful periods on here in years. Now you are back an so are the attacks on Gary, on me, on Matthew, on Jay Taylor, and anyone else you want to mouth off to.
As for the topics covered on KER – most of the political and religious blogs end up in tons of arguing, posturing, name-calling, and none of that crap helps anyone here with investing or making money, and nobody here has ever convinced anyone to have a different disposition anyway….so those are fruitless conversations that do much more to divide the “family” than to bring people together. So, yeah, I’m not a fan of those shows, and there are many other websites focused on those topics.
Big Al still posts on politics every weekend and often times during the week and people still flock to those shows due to the drama, arguing, and everyone wanting to sound off with their “Brilliant” political opinions, (because they don’t have as many when it comes to actual stocks we can buy, sell and trade this week). I sure do remember PLENTY of days where I was wading through both of your rambling comments on life, politics, and economic philosophies that had peppered up entire blog. That’s your right to post whatever blah, blah, blah you want.
My experience here has been generally positive, with real feedback and interaction with a number of the contributors here that have given me ideas that made me some coin. I like cutting up as much as the next guy, but the majority of my posts are mostly about the different sectors dealing with resource and energy investing. That is the FOCUS of the site after all, and I’m not going to apologize for posting comments that actually relate to what the speakers are talking about.
My reason for listening reading, and posting is to generate ideas that will make me some money, and I’ve tried to contribute and give back, because I believe you get back in life what you give back. Yes, I probably post more than some like, because they have to scroll through something that may not interest them. However, I also invest and do about 10-12 trades a week, so I’m actually very busy in the markets.
If someone is too lazy to scroll or if they need to whine about too many investing posts, then they need a diaper change, and likely aren’t really investing in the winning stocks in the sector, and probably aren’t here to make money. I’m sure just like with churches or synagogues, there are probably many here because they are lonely and just want to talk to people about the state of things these days, but they miss the entire point of why people are here in the first place. There are many other websites for talking sports, fellowship, and worrying about how the sky is falling.
I do spend quite a great deal of time trying to scout out good value, industry news, comparison charts, other experts coverage of stocks or TA, pointing out interesting things on corporate presentations, and looking for opportunities where we I can make money. I share some of the more more noteworthy ideas here with investors at the KER in the hopes that they will also share their good ideas.
It’s funny because you say you can only follow 15-20 stocks, but those 15-20 could have been some of the stocks we flushed out here, and continue to flush out. You obviously have to discuss more than 15-20 to narrow down that quality list of 15-20.
If you are so knowledgeable, then maybe you can provide us with better options to discuss, or chime in and agree that some of the companies we reveiw have nice merit, or you could tell us how wrong the stocks we focused on and why you think that is. The charts don’t lie and we’ve outlined on KER most of the best stocks in Gold, Silver, PGMs, Base metals, Fertilizers & Agricultural stocks, Oil, Uranium, Lithium, and Renewable energy. Are we all still learning? — every day….. every day….
Again, if you have investment ideas that you think is better or a standout in a sector then please share it. When people keep something secret on a blog that is such a small slice of the investing universe, it is ridiculous. The rest of the world and market doesn’t give a hoot what any of us think here on the KER, so if we share good ideas with each other before the masses wake up, then everyone here wins.
Again, if you don’t like what I post then don’t read it or don’t respond. Pretty simple isn’t it?
You’ll both be happy to know that I plan on posting a lot less, because I’m tired of being attacked just for sharing information. I spend time and effort to find good ideas, and yet both of you continue to shoot arrows at me or call me a lawyer, a shill, or a robot for offering investing ideas or “too many ideas”. How can you have too many ideas? That’s like getting up on Amazon looking for books and saying, “Well, I looked but they just had too many books….too many books….”
Personally, I don’t understand attacking someone for trying to be helpful and sharing, but I’ll just start keeping the ideas to myself moving forward and you can continue to defend how great socialism is, keep throwing darts at the mining stocks blindly, and go on endless rants about wages in Africa, why you hate priests, your love of chickens, attacking Gary, or impress us with you views on which ass clown you think would be better for commander and chief.
You’ll probably just respond with blah blah blah to this, because both of you are lazy readers, and rarely take the time to read someones full thoughts back to you but I’ve said my piece and plan on being around much less moving forward, so that should bring a smile to your face. You win guys. b/bb and Birdman/A Listener/Farmer in Canada – may your posts be so appreciated one day.
bot out…..
And then there’s always Bo Polny to lighten up on pn USA Watchdog!!
Not Bo!!!! OMG, I am running to Greg’s site this very minute because I have not had enough laughs for one day. Thanks Andrew!!!!! Should be hysterical. I am in the mood.
OK I watched it.
Note to Greg Hunter…….What the hell were you thinking?!!! Couldn’t you get Charles Nenner on the phone?
Anyway, I thought is was a little strange that Bo was using the “Jaws of Death” Chart which as far as I know is a modern stock chart term coined by (and is entirely unique to) Dr Robert McHugh over at TechnicalIndicatorIndex.com
Rip-off. What a freak show.
————————————————————
The Real McCoy. Dr Robert McHugh;s site. He is calling for a major stock bust eventually. So far it has not panned out but his Jaws of Death pattern should give all bulls cause for alarm.
https://www.technicalindicatorindex.com/
I havnt watched it, but before I do Im willing to bet he says gold silver up up up, he and Sprott,Schiff,Celente get together and talk how they gonna all says up a little dif to get/keep people interested. Heck after your explanation as to how much its actually worth I dont blame them.
Don’t bother watching bb. You can just subscribe!
Bo’s service is just a small payment of 1200 dollars per MONTH (twelve hundred dollars per month) and then you will get all the good, good, good information you need that is wrong instead of just coming to the Kerr report fro free.
Sign up now you fools!!!!…..It’s only money. What have you got to lose? (other than your cash and the pride in knowing Bo has been totally wrong on his major gold calls for two years running).
Jesus Murphy. Maybe I should start a stupidly expensive site too if there are idiots like this making predictions that are so worthless. Maybe I will. Money back guarantee and all. Sheesh!
Bo Polny — Only 1200.00 dollars a month.
http://www.gold2020forecast.com/
Your analysis would attract subs Farmer, no bout adoubt it.
Marketing might be a challenge for ya, but the big challenge would be the daily effort.
Comes down to how bad ya want the cash I guess.
I am paid in full when there are kind words from a few good guys like you, bb.
Well its true Farmer, to be honust anyone on here could sell picks to people.
Not everyone can do analysis.
Selling the picks is already done by hoards of people of course, my fav is Fulp, its all free and he covers multiple resources.(with analysis)
I still don’t know why Doc stopped producing his monthly reports. They were Ok. Do you get copies? Maybe I got dropped off the list……seems like a good idea though and there will be huge demand for information once gold does finally rally. A guy would have needed to start his service BEFORE gold and miners botomed to make asuccess of it. Doc’s timing was good but maybe he just ran out of energy. He could have made a bundle.
I havnt received anything for some time.
He coulda made money tue, but maybe he didnt figure the cash is worth the effort.
I kinda think Doc has a bit more than he needs.
I thought it was a great listen to.
Of course!
Hey, it was a great listen, who doesnt want to hear their metal is worth a fortune?
Also, people are told they are brilliant for buying metal, who doesnt want to hear that?
Basic marketing, tell your customers they are smart for buying your product etc.
I used to do that, “smarter than average people are into what I sell” lol I even had stats to back it up.
FIC………thanks for the” feed” back……….
Anytime Jerry
bb…..
What I though was interesting was the potential of a crash in the Dow and S&P.
Which the stock market is well over due for a correction.
The potential of the DOLLAR GOING DOWN.
The potential of more QE 4.
I think you read to much into my comments. THE main purpose for the post was to give a positive comment to ARCHIE.
ootb
Im not making anything out of it other than giglin at bo.
I like to hear metal is goin up,who doesnt?
A bit further thinkin and ya might not want it so much, but who does further thinkin?
I dont listen to bo, or anyone like him anymore,kwn etc metal smashers on and on.
Just no credibility as far as Im concerned. If they really knew what they were talkin about they would have called a top when it topped years go.
This makes it so obvious their agenda is sell subs and metal.
What seller of metal is gonna tell ya the price is gonna drop?
Schiff, SD,Sprott,Morgan&Maloney??
But the attitude does sell subs and metal, so I dont blame them.
One day, if they ever prove to be right, well, I have metal, no worries.
I really wasnt makin anything of it other than gigglin at Bo.
But heck, maybe hes right.
People will starve in N.A. if he is but who cares? (@10k gold anyway.)
b, I think most people see right through Bo and my way of knowing that is because after 24 hours there is still not one single comment on Greg’s site in response to that interview.
I mean to say it was a TOTAL bust.
Possibly every comment so far has been deleted. The guy looks and sounds like he is strung out on Cocaine because his behavior was just so bizarre. Waving around paper charts and bulging eyeballs and all. Or he could have a medical condition. He does not seem fit to analyze markets though.
Can you say the word Fraudster? Lets just let this guy disappear back to where he came from. I sure won’t mention his name again.
Please clarify the second mining play that John was referring to.
The first was Arizona the second was ??? followed by first mining finance.
Sirios Resources Inc. (SOI.V)
Sirios Intersects 12.08 g/t Au over 20.3 metres by Drilling at Cheechoo
Marketwired Sirios Resources Inc.
March 29, 2016
https://finance.yahoo.com/news/sirios-intersects-12-08-g-150335591.html
(SIREF) if you use the OTC
Well, I was wrong, he didnt say up up up, he said a “biblical move”.
Good grief, sells subscriptions I guess.
So? Anybody have an opinion? Are we on the verge of repeated limit up days?
A little Norcini courtesy the Daily Gold
The problem for gold, in my view, is that you have a large number of STALE LONG positions in this market. With traders these days having the attention span of a gnat, there is the risk of impatient longs beginning to throw in the towel. That would precipitate the selling avalanche that is possible when a market becomes this lopsidedly crowded on the long side. Again, at the risk of repeating myself… as long as key downside support levels do not fail, this speculative position will be okay. If they do fail, all bets are off.
Bulls are going to need some fresh ammunition from somewhere soon. WE can only get so much traction out of Yellen being a super dove for so long. The market will shift, as it always does, into “WHAT ARE YOU GOING TO DO FOR ME NEXT”. Yellen being a super dove is now old news. Negative interest rates in Europe is now old news. Fed rate hikes being off the table for a while is old news. Bull markets need to be fed every day to keep going. That is what is lacking right now. I am convinced that is why we are not seeing fresh inflows into GLD.
Something new needs to come along soon
If Trump wins the majority of the delegates and therefore the popular vote and he loses to The Republican party in a contested delegation vote, now the public will know they never need to hold another election, the backroom boys always pick the next President and the one after that, Boehner wants Paul Ryan.
“Unprecedented Leak” Exposes The Criminal Financial Dealings Of Some Of The World’s Wealthiest People
An unprecedented leak of more than 11 million documents, called the “Panama Papers”, has revealed the hidden financial dealings of some of the world’s wealthiest people, as well as 12 current and former world leaders and 128 more politicians and public officials around the world.
More than 200,000 companies, foundations and trusts are contained in the leak of information which came from a little-known but powerful law firm based in Panama called Mossack Fonseca, whose files include the offshore holdings of drug dealers, Mafia members, corrupt politicians and tax evaders – and wrongdoing galore
The ” Panama Papers” are a big deal! DT
The list of reporters working on the story is a book. UK’s Cameron will have some explaining to do.
I wonder how many have to die to keep it quiet?
Its big news actually, but I still want to see if Hillary is charged, how much has to happen for people to wise up and do something?
They still believe in voting.
Panama papers are the real deal!
Should be interesting ……..to see what develops ………..
So I have been reading the usual gold blogs today. It is pretty interesting really. Digging as deep as I could I was unable to uncover any genuine insights. They all parrot one another whether with a bullish or bearish bias.
I can literally see in my minds eye how each one has absorbed and internalized ideas from another. and its all junk. Or when its not junk they are hit-and-miss meaning they score well periodically but can’t seem to carry through consistently.
The creative element is missing in almost all of them and that is a huge disappointment for me because I once thought some of those writers had insights and knowledge that was worth paying for.
But no. They don’t as a rule. Sorry to say but they are mostly just pissing in the wind.
What ever happened to the greats? I mean the guys who seemed to always be able to lead us in the right direction with cutting edge analysis that set them apart from the crowd. The guys with a solid record and no personal bias.
Have they all died and gone to heaven?
Or do they only offer their services to top level investors for hefty fees? It is getting to be a wasteland in the gold analyst community. The big names in the business are almost all clueless to a last man. I mean all of them. 100% are just guessing and that is not the same as being an oracle since a 10 year old with no knowledge of the business at all can do just as well.
So I read them anyway and critique their work. But its usually a waste of my time. I have never found anybody who understood this market on a consistent basis and can bring the goods. I honestly don’t trust any of them anymore.
My best guide is actually me.
None of those others guys even come close.
another great blog tearing down everyone in PM sector, but ending with “My best guide is actually me.” What a shocker……
Farmer IC – It blows my mind that you think comments like these have more value than the Copper or Silver companies (that you can actually invest in) that were outlined up above. Talk about the blind leading the blind and blah blah blah…….
Like I mentioned up above, I’ll be posting a lot less so that should make you happy, and you can all the space you want for wonderful and valuable thoughts like that diatribe you just shared. Brilliant! (snore zzzzzzzzzzz)
Hang in there…….!!!
I appreciate the encouragement Jerry, but since Farmer IC came back, so did the drama and hateful posts against Gary, Matthew, myselft, Jay Taylor, and now the whole gold community. I’m happy to overlook it, but he spent all weekend dismissing or poking fun at many of the posts I put up, accusing me of being a bot, and then stating it is my fault that we don’t argue fruitlessly about politics more often on an investing site (Korelin ECONOMICS report). Then b jumped in as his henchman and said there was too many stocks shared, which is like telling Amazon they have too many books for sale so you couldn’t pick one. I’m done casting my pearls before swine……er’ birds & bubbas.
I’m burnt out on taking a huge amount of time to try to get conversations going about individual stocks people can actually invest in, only to be mocked and accused of stealing the show. Sorry if I don’t give a rat’s behind about the presidential circus show or debating Middle East politics, or discussing chicken farming and wages in Africa.
My goals and desire was to contribute ideas that may help others because I thought that as a group we’d come up with better ideas than in isolation, and that we could all learn from one another. Personally, I didn’t have to share ANY of the information all this time or this weekend. I’m just passionate about investing, and if people had been paying attention to the prior posts on Silver, Gold, Lithium stocks, or if they’d spend a few minutes of their precious time to review the stocks mentioned up above on this blog, then they’d be a little more prosperous. You can lead a thirsty horse to water but can make him drink.
I show up here to pick up investing ideas, not to continually bicker with bored old guys that want to discuss how the sky is falling instead of dig in to tradable ideas. I’ve decided that maybe I’ve been spending my energy in the wrong place.
You know I think the world of Big Al, Cory, Doc, Chris T, Rick A, LPG and the vast majority of the KER contributors on the blog, but if hardly anybody cares about discussing stocks and they want more politics on the site, then I’ll bow out without giving it a second thought.
I appreciate you continual positive attitude OOTB- It is a rarity these days and is refreshing. You sir have a great rest of the week.
Your taking what I said waaayyy too personal Ex.
I said multiple times some people like what you post, post away.
I believe I have read times when Farmer thanks you for info as well.
Lots of times Im not intersted in what your posting, Ive been around long enough to know where my cash is goin and why.
As has been suggested and I have said, I know how to use the scroll option. Not a big deal.
The market topic I prefer is Timing, I love the discussion between Farmer,Mathew,Doc,Rick and everyone actually about timing golds moves and which direction.
I dont need picks really, altho, I do find one on occasion I havnt previously known about.
I say it one more time, post away, dont take stuff so personal.
Ya think think I give a second thought to asinine comments I receive? lol
But they seldom matter, I know more EXCELLENT opportunities than I have cash to invest in.
Oh, the other topics I enjoy here is politics and world events, dont mean to take away from any of your posts tho.
Fair enough b, and I appreciate the response back. It seems we just view things very differently but you also said I was posting too many stocks, mocked my analysis and keep saying you’ll have the same results just throwing darts, called what I wrote blah blah blah, accused me of changing the format of the show away from politics, and jibed me calling it the “shad show” , so why wouldn’t I take it personally.
I don’t have as much beef with you as with Farmer. You don’t typically go around antagonizing other posters or contributors in a chronic way, nor get into the name-calling or insulting, but you were not very polite nor fair in your previous comments.
I guess you’re right though b, I’ll just let the comments roll off my back, and will focus my attention on many of the great investing conversations people do have on the KER and I’ll try to post less content, since there doesn’t seem to be a big interest in it overall.
If you guys want to discuss politics and world events all day on here, knock yourself out, I know how to scroll as well.
Best of luck to you b in whatever you decide to invest in, and may you have a good week.
MOI? Impolite? Surely you jest!
lol, your takin what Ive said out of context, easy to do.
I mean no offence, and Farmer? he is telling you the truth as he sees it, might be harsh at times, but I prefer a harsh truth to bullsh#t.
All types of people here I would think, dirt Farmers to paper pushers and digit workers.
Each views the world from their own perspective.
Its possible, in his opinion, Farmer is being exceedingly polite and patient around here. lol
What I know is Farmers insight is valuable as heck and Im glad he comments.
OK. Moving on……
You have more insight than most Farmer, I would think most commentators dont have your experience for example. Not to mention your analyitical skills, you could teach it.
Keen,Kotlicof, might be more peer like for yourself, them types dont generally hang out in blogs. Not any that I read anyway. Im not saying their picks, but their thinking.
My point, you are not likely to find much original thinking in these blogs.
Remember to, the PM space is finite, (probly all of them but I dont follow them to know for sure) so as its finite the conversation can only be so much.
Anyway, original thinking is hard to find anywhere, remember that “anything new under the sun” stuff?
Excelsior
Your contributions to this site are highly valued by many.
Thanks Pete. I appreciate the kind words after the time I’ve been having lately.
Best of luck to you in your investing as we kick off April.
Thanks,best of luck to you too.
I apologize Shad. I appreciate many of your posts and great ability to time the market. I have been pretty sick lately and not in the best mood for awhile.
I appreciate you saying so Birdman. Thanks. I’m only human myself 🙂 and only aim to help with the posts.
BBands getting tight on many asset classes.. Something’s going to give real soon.
Would you care to elaborate?
Lewis,
The Bollinger Bands on many charts are narrowing which suggests a big move coming. Many PM, base metals, commodities, EMs, and global exchanges and ETFs. Most everything has been sideways to down for a while now. It’s like a bow and arrow getting to full draw. The arrow is soon to be in the wind! Markets are close to getting some big moves!
Thank you for your response just trying to learn some of the technical indicators that are being followed! So then I have heard the longer a market stays in the narrow range the bigger the move, would this be correct kind of like a coiled spring?
Arrow pointing at a bird?
I have a hard time understanding why posters on here attack people like Excelsior, Chartster and Mathew, who consistently post a lot of information. While you may not always agree with them, you have to respect their giving nature. I, for one, want to thank them and appreciate their giving nature.
Thanks Avi. Much appreciated. Matthew and Chartster are 2 good guys for sure.
I’ve been following you for several years and have learned a lot from your charts and analysis, so please keep up the great work, and let’s have a great April.
Thank you as always for the weekend show guys.