Gold, The Fed minutes and the Brexit vote
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- Segment 1 and 2: Rick Rule kicks off the show with his comment on the gold market and a couple gold stocks.
- Segment 3: Brien Lundin discusses investing opportunities in the Yukon on the heals of the Kaminak takeover.
- Segment 4: Managing Director at RBC Wealth Management George Gero provides his insights on the open interest in gold and the Brexit vote.
- Segment 5: We open Traders Corner with Avi Gilburt of ElliottWaveTrader.net.
- Segment 6: Jeffery Kern from SKI Gold Stocks provides his insights into the broad sector of gold stocks that he looks at.
- Segment 7: Valentin Schmid, Business Editor of the Epoch Times, discusses tax havens around the world.
- Segment 8: Jeff Deist from The Mises Institute discusses what Hillary Clinton is up against.
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It depends on the company. They don’t have to be suckers if their situation/projects leave little room to command a better deal.
Here’s what a fair deal looks like for everyone:
IMPACT Silver Corp. (“IMPACT” or the “Corporation”) is pleased to announce a brokered private placement (the “Private Placement”) of a minimum of $3,000,000 worth of units (each a “Unit”), at a price of $0.57 per Unit (a minimum of 5,263,158 units). Each Unit consists of one common share and one-half of one warrant. Each whole warrant (each a “Warrant”) entitles the holder to purchase one common share (each a “Share”) per Warrant at a price of $0.90 per Share
——————
Note that .57 is more than five times the January low and that the warrants are way out of the money.
Yes, I wish more companies would only give out the 1/2 warrant and place it’s value a little further out in the future like Impact did here.
If you give too many warrants or make them to easy to execute then you dilute the snot out of the existing shareholders already on board with your venture. Those warrant holders often dump the share after converting to flip the profit and do another deal; rather than sticking with the company for some real growth, enticed by the capital raise in the first place.
Wellgreen Platinum is one of my favorite PGM/Nickel/Copper/Gold stories in the Yukon.
Alexco is also in the Yukon.
Both of the companies represent good upside from here. Even though the Yukon is remote and lacks infrastructure compared to other jurisdictions, it more than makes up for it with insanely high grades of ore. Grade is King in mining.
I agree with you about the two companies. Unfortunately, I bought Wellgreen some time ago and have substantial losses, but of course less so since Jan 2016. Alexco has done very well for me, and I still hold a partial position. there are realy few PGM companies that have anything, except in S. Africa, and you know the story there and how hard it has been to make any gains in the stocks. Maybe that will change. any other PGM’s companies that you follow?
Well I’ve posted a great deal on Platinum Group Metals (PLG) and it is my favorite PGM stock because of the 2 massive projects it is just now starting to develop but it is in S. Africa. It doesn’t have all the very deep mines that are decades old like it’s peers, and it plans to utilize robotic mining in many shallow pits on it’s secondary project to eliminate so many workers needed and bypass on the labor union BS. It is a fascinating company and I had some huge gains this year in it, trimmed it back and am just now starting to consider adding back to the position.
I am very keen on Ivanhoe Mines (IVPAF), that Rick Rule mentioned, which has 3 primary projects (a Copper/Gold, a PGM/Nickel/Copper/Gold, and Zinc/Copper).
I swing trade Stillwater Mining (SWC) quite a bit (and like that it is a roller coaster that allow for trading in an out of it every month or so).
PolyMet Mining (PLM) is another company I am a shareholder in and don’t feel the market has properly valued it. It’s NorthMet Project is part of northeastern Minnesotas Duluth Complex, one of the worlds largest known undeveloped deposits of copper, nickel, Platinum, Palladium, and Gold. The project would be the first in Minnesota to commercially extract metals from the Duluth Complex.
Polymet reminds me of a company I previously held in Minnesota that is part of the same district (Duluth Minerals) that was eventually taken out by Antofagasta. In my opinion Antofagasta is one of the best run larger commodity companies out there and they obviously see the potential for PGMs and Base metals in Minnesota.
What I also like about Polymet is that they have a fully built processing center in place adjacent to their mining land package, so this will streamline them going back into production with out all the permitting madness and funds needed to build the processing mill.
I’ll repost my PGM watch-list but my favorites are Platinum Group Metals, Stillwater Mining, Wellgreen Platinum, Polymet, Ivanhoe Mines, Largo Resources and Eastern Platinum.
You may want to dig a bit deeper on Largo Resources which is polymetallic but has a nice PGM component. Eastern Platinum is a turnaround story in S. Africa that used to be a good producer, crashed and burned, restructured, and is starting a new chapter.
Also, there has been more buzz on a few other explorers like Atlatsa Resource, and Panoramic Resources lately, so they may be potential takeover targets once they define their assets a bit more.
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PGM Stocks ————————- Symbol
ANGLO AMERICAN PLATINUM LTD AGPPY
ANGLO PLATINUM LTD AGPPF
AQUARIUS PLATINUM LTD AQPTY
ATLATSA RES CORP ATLRF
CONDOTO PLATINUM N.L. CPD.AX
EASTERN PLATINUM LTD ELRFF
IMPALA PLATINUM HOLDINGS LTD IMPUY
IVANHOE MINES IVPAF
JUBILEE PLATINUM PLC JUBPF
KENMARE RESOURCES LTD KMRPF
LARGO RESOURCES LTD LGORF
LONMIN PLC LNMIF
MMC NORILSK NICKEL PJSC NILSY
NKWE PLATINUM LTD NKWEF
NORTH AMERN PALLADIUM LTD PALDF
NORTHAM PLATINUM PROPERTY LTD NMPNF
NOVX21 INC PORMF
PANORAMIC RESOURCES PANRF
PLATINA RESOURCES LTD PTNUF
PLATINUM GROUP METALS LIMITED PLG
POLYMET MINING CORPORATION PLM
SIBANYE GOLD LIMITED SBGL
STILLWATER MINING COMPANY SWC
SYLVANIA PLATINUM LTD SLP.L
WELLGREEN PLATINUM LTD WGPLF
WESTERN AREAS NL WNARF
ZKB PALLADIUM CORPORATION ZKBPF
PGM – Funds and ETFs
PHYSICAL PALLADIUM SHARES PALL
IPATH BLMBRG PLATINUM SUBINDEX TR ETN PGM
PHYSICAL PLATINUM SHARES PPLT
E-TRACS UBS LONG PLATINUM PTM
SPROTT PHYSICAL PLATINUM & PALLADIUM TRS SPPP
* Also, North American Palladium (PALDF) is one I used to hold, they got in over their heads with debt, made some bad decisions diversifying into Gold in the past and this hurt them a few years back, but now they’ve restructured their balance sheets, have done a reverse split, hit rock bottom, and have started to rebuild. They could become a great turn-around story if the PGM space gets going again.
Just some food for thought, and I’m not sure how successful the relaunch will be, but I’m considering jumping back in.
Here’s a quick blurb and a link to their corporate presentation for those not familiar with Ivanhoe Mines:
Ivanhoe Mines Ltd. (Ivanhoe) is a Canada-based mineral exploration and development company, whose principal properties are located in Africa. The Company is engaged in the exploration within the Central African Copperbelt and the Bushveld Complex. The Company’s projects include Kamoa Project, Platreef Project and Kipushi Project. The Company’s Kamoa Project is a copper deposit located in the Central African Copperbelt, in Katanga Province, DRC. The Company’s Platreef Project is a PGE, gold, nickel and copper deposit located on the northern limb of the Bushveld Complex, in South Africa. The Company’s Kipushi Project is underground zinc and copper mine in the Central African Copperbelt, in Katanga Province, DRC. The Company also holds interests in mineral properties in the DRC and Gabon, including a land package of approximately 1,600 square kilometers in the Central African Copperbelt.
________________________________________________________________________
Ivanhoe Mines – Corporate Presentation:
http://www.ivanhoemines.com/assets/docs/ppt/presentation-april-20-2016.pdf
Hi Shad:
If we are truly in a long term bull market in precious metals,the Yukon will be a great place to have some exposure. Sadly with the last decline in gold prices so did the companies. Interesting enough, the motherlode for the Klondike has yet to be be located. I want to thank you for the lithium work you posted last month. Silverdollar posted a link to Tony Seba’s presentation yesterday and it was a real eye opener.It really validated everything that you said. Well done my friend.
Yes, I agree about the Yukon for the longer term, especially due to innovations in mining (like the drone surveying at a fraction of the costs without the need for permits that Brien was discussing).
Absolutely John K. Lithium has a bright future much larger than most realize, and batteries will play a key role in powering the global economy. We watched and really enjoyed that Tony Seba video in my household, and it inspired a lively 2 hour talk about energy, technology, innovation, history, and what’s coming in the near future.
There is still plenty of time to enjoy both trends in Precious Metals and changes to the Energy space. Looking forward to profitable years to come. Cheers!
thanks for the detailed response re: PGM companies. I know most of the ones you reviewed, but the overall list is quite interesting. I also have shares in Ivanhoe. RE: Lithium, do you have any links to the Tony Seba Video, or the material you posted last month on Lithium? thanks.
Hi Dan Paloyan. Here are some past posts on Lithium miners and demand factors. I’ll post the Tony Seba link below my commentary:
______________________________________________________________________________
On April 17, 2016 at 10:30 am,
Excelsior says:
You have brought up a valid concern as everyone remembers the Lithium, Graphite, and Rare Earth bubbles popping from a few years ago. I was active in the Lithium and Rare Earth bubbles back in 2010-2012, and they were full of a lot of hot air. That doesn’t mean that there wasn’t money to be made, or legitimate deposits being discovered, but the price spikes and business plans based on those commodities prices were unrealistic and unsustainable. As a result they came crashing down hard.
With that perspective and experience in mind, there is no doubt that Lithium is getting frothy, and some of the hot air has returned. The Lithium price has shot up a bit too fast and too much. However, while I do expect the Lithium price to come back down some, there is real demand pressure and production shortfalls projected over the next few years that were not present in the last bubble (even if there was never another Electric Car made and Tesla closed tomorrow…… but that is very unlikely).
The problem, just like in Gold mining, is that there are many explorers jumping on the bandwagon (over 23 on my last count) that are likely NEVER going to make it into production, and they’ll probably get flushed or change business branding again in the next 1-2 years. It’s a shame investors are getting duped with their marketing stories.
Each week I dedicate time to a few key areas of focus, and I really never stopped following the Lithium sector, because batteries are in everything from my phone to computer to power tools to Airlines and forklifts. The movement to electric vehicles is also happening and will happen one way or the other. The big risk to the Lithium sector isn’t Tesla failing or cheap oil prices, but rather some other superior technology coming along that would make Lithium batteries obsolete. That is my only going concern.
Personally, I am interested in the “Best in Class” in many of the smaller commodity and energy sectors like Uranium, Renewable Energy, Lithium, Graphite, Zinc, Copper, PGMs, Base Metals, and Specialty Metals. There have to be a few companies pulling this stuff out of the ground, and its a growing and changing world out there. In every sector, there are still a few good ideas, good management teams, and companies doing the right thing (bear market or bull market).
My goal has not been to hype the Lithium sector any more that it already has been, but to report back on the companies that may actually be winners, and that investors could get positioned in to make money (frothy or not). I’ve kept my eye on companies like (1) Orocobre, (2) Galaxy Resources and (3) Lithium Americas Corp for about 3-4 years now and have posted on all of them for years here on KER. (nobody gave a rats behind about them a few years ago, but now there is much more feedback on the sector because the news-flow and pricing spikes justify the interest…….Lithium is seen as just a Flavor of the month….but it appears here to stay)
The reason I have consistently promoted those 3 companies for years, and ignored most of the over-hyped explorers or fluff marketing companies is that those 3 are real companies, moving their projects forward, and they are the best in class.
In the time I have posted about them and offered commentary, news releases, and reasons they had many advantages over their peers, 2 of them have gone into production for Lithium and one of them has gone into production for their organoclay additives, and is fast tracking into Lithium production. I’d say to nail the 3 companies that would go from explorers, to developers, to producers accurately in the mining business was a pretty good call. (most companies will never make it into production). The other goal was for investors to be aware of this changing sector, and if people would have listened they would have made between 150-900% on those 3 companies over the last year or two, and about 50-300% in the last 6 months.
I’ve also mentioned Neo-Metals (RRSSF) recently, because they are going into production later this year, have a 14% stake in the Galaxy Resources brand new production, and they seem to be a legitimate company with a bright future.
The other 2 companies (Pure Energy Minerals & Nemaska Lithium) I have only started discussing since 2015. They are not as solid as the other 3 mentioned, but compared to their peers, they are near existing mines, in stable jurisdictions, have defined resources, and are moving forward with permitting, Feasibility Studies, and have started attracting off-take agreements. I did mention the other 20+ companies and the battery companies on Doc’s blog to at least expose investors to their names in case any become takeout targets or push forward with any successes.
____________________________________________________________________________
***As for Lithium Demand.
Yes about 25% of the demand for Lithium comes from ceramics and glass manufacturing, and that percentage has stayed fairly constant, but the demand still continues to grow due to the rising world population and development going on all over the planet in emerging economies.
My main gripe is that so many people just look at Tesla or Electric Vehicles and snub their nose at the whole Lithium space, without really understanding the Lithium Battery marketplace. These people, even veterans in the mining sector neglect to cover the huge impact that BACKUP BATTERIES will have for storing the energy created in Solar & Wind base load power. They also seem to have missed the fact that many corporations are starting to operate using back up power at remote sites, for disaster recovery, and to handle energy created by their private solar and wind farms. I can’t remember one “expert” discuss these demand fundamentals in the Lithium story when it gets trashed on many of these precious metals outlets or even in the main-stream media’s fascination with Tesla.
What this means is that there is a growing Lithium demand for batteries even if electric cars don’t take off. The Renewable Energy sector stores its energy during peak performance in Batteries, so that it can provide stable power in off-peak times. People scoff at that sector as well, and there are challenges in it like any sector, but it is happening with their knowledge and without their permission 🙂
Then there is the entire developing world that will want smartphones / laptops/ tablets/ remote control toys like RC cars, RC planes, RC helicopters, and RC drones.
Then there is the Lithium batteries being utilized in the Airline industries, or for powering tow-motors and forklifts in Warehousing, or Power Tools and on and on….
I got out an electric drill to fix something today and checked; yep, a Lithium battery.
When one digs a bit deeper, they will find out that there are multiple drivers for Lithium Demand. The Renewable Energy sector is actually growing very fast, and all our gadgets in the modern world, for now, run on Lithium power.
– So will the Lithium run correct? Very likely.
– Are most of the Lithium stocks garbage? Yes.
– Are investors misinformed? Yes, on both sides of the argument.
> Lithium bulls are doing what Gold bulls so often do and just shoveling money at any name or any project with the word Lithium in its name or that a newsletter tells them to.
> Lithium bears doubt Tesla or Electric cars, or simply cite the last bubble and assume they have it all figured out. They don’t understand backup batteries used in Industry or in Renewable Energy. They simply won’t acknowledge that the carbon taxes and environment pressures in politics are forcing the hand of countries to develop renewable energy.
These energy or commodity “experts” don’t understand the Ceramics & Glass growing demand and never talk about it. These “experts” don’t understand warehousing and the Lithium batteries powering tow motors or forklifts, they forget about phones / laptops / tablets / power tools / RC toys / Drones / Airlines, and all the other areas batteries show up. The emerging world will only want more of these things, and that underpins this energy source. It was a bubble in 201-2012, but it is now a valid sector in the energy space.
Is Lithium a Bubble? No.
– A bubble implies the demand will peak and crash and nobody will want the inventory for a long time. That is simply not the case.
In about 1-2 years we’ll have a handful of real Lithium mines that are developed and will meet the supply needs of the planet. I’ve mentioned the 6 I think will still be around. As for the rest, it is not as likely, but maybe Lithium X, Dajin Resources, Bacanora, Houston Lake, or Critical Elements Corp may make it or get bought.
On April 20, 2016 at 8:35 am,
Excelsior says:
What is Lithium Carbonate?
A brief overview of lithium carbonate and its uses.
Teresa Matich • April 6, 2016
On April 20, 2016 at 8:36 am,
Excelsior says:
Lithium Brine Deposits
Here’s a brief overview of the different types of lithium deposits.
Melissa Pistilli • April 13, 2016
“Two of the world’s leading lithium producers, Sociedad Quimica y Minera (NYSE:SQM) and Albemarle, operate on the Salar de Atacama.”
“FMC (NYSE:FMC) produces lithium carbonate from another world-class lithium brine deposit, Argentina’s Salar del Hombre Muerto.”
“Orocobre (ASX:ORE) is currently ramping up production at its operations on the neighboring Salar de Olaroz. Most recently, the company reported production of 2,332 tonnes of lithium carbonate for Q1 of 2016, in line with its ~2,400 tonne guidance.”
“Galaxy Resources (ASX:GXY) recently restarted mining activities at its Mt Cattlin hard rock lithium mine in Australia, but it also holds the Sal de Vida project in Northwestern Argentina.”
On the junior side of things, Li3 Energy (OTCBB:LIEG) holds the Maricunga project on the Salar de Maricunga in Northern Chile.
“Lithium brine deposits have gained more and more interest as of late on the back of a veritable lithium rush in Nevada, largely driven by Tesla Motors’ (NASDAQ:TSLA) lithium-ion battery gigafactory that’s currently under construction in the state.
Nevada is also home to Albemarle’s (NYSE:ALB) silver peak lithium mine, the only producing lithium brine operation in the US.”
Examples of other companies advancing lithium brine deposits in Nevada include:
Dajin Resources (TSXV:DJI,OTCMKTS:DJIFF), which holds the Teels Marsh and Alkali Lake projects.
Nevada Energy Metals (TSXV:BFF,OTC Pink:SSLMF), which has an option to earn in on Alkali Lake.
Pure Energy Minerals (TSXV:PE), which is advancing the Clayton Valley lithium project in Esmerelda County.
Lithium X (TSXV:LIX), launched late last year, which holds the Sal de los Angeles project as well as claims in Nevada’s Clayton Valley.
On April 20, 2016 at 8:37 am,
Excelsior says:
For those following the “Real” companies in the Lithium space – Galaxy Resources just made it to commercial production which is a huge milestone for any miner:
_________________________________________________________________________
LITHIUM CONCENTRATE PRODUCTION COMMENCES AT MT CATTLIN
Australia – April 1, 2016
Highlights
▪ Galaxy receives Production Commencement Notice from General Mining dated 31 March 2016
▪ Mining and processing has now commenced at Mt Cattlin
▪ Formal transfer of 14% equity stake in Mt Cattlin to General Mining to occur in April
▪ Mt Cattlin now the only new hard rock lithium mine to come into production globally
▪ Spodumene continues to play a critical role in feeding the growing lithium sector in China
http://www.galaxylithium.com/media/announcements/4366rv115j4ycm.pdf
On April 20, 2016 at 8:38 am,
Excelsior says:
Lithium Americas Corp – Corporate Presentation:
On April 20, 2016 at 8:38 am,
Excelsior says:
There is some great Demand and Supply stats in this presentation. I highly recommend people that mistakenly think the Lithium market is only focused on electric cars, do a little homework and educate themselves on the Lithium marketplace. (TIP: CHECK OUT PAGES 4-8)
_______________________________________________________________________
Pure Energy Minerals – Corporate Presentation:
On April 20, 2016 at 8:39 am,
Excelsior says:
For people interested in the Lithium space and that want a real understanding of the supply demand fundamentals check out pages 4-6 on this presentation:
_________________________________________________________________________
Orocobre LTD – Corprate Presentation:
http://www.orocobre.com/PDF/Pres16Mar16_Hydrominex_SaltLakesPresentation.pdf
On April 20, 2016 at 8:40 am,
Excelsior says:
In addition to the presentations above (which all have good supply demand info), also check out pages 5-7 for Lithium stats. {also on pg 8 I realize there is another small lithium producer in Australia General Mining, that I’m unfamiliar with. That’s another value in reviewing corporate presentations – the peer comparisons}
__________________________________________________________________________
Galaxy Resources Corporate Presentation:
http://www.galaxyresources.com.au/media/announcements/435z8p3nybmjyk.pdf
On April 20, 2016 at 8:40 am,
Excelsior says:
Last one on Lithium for this weekend. Check out Pages 5- 11 for more stats on Lithium supply demand, the marketplace, and the main producers at present:
_________________________________________________________________________
Nemaska Lithium – Corporate Presentation:
On April 20, 2016 at 9:23 am,
Excelsior says:
I have trimmed this week in my Lithium stocks to reduce my exposure and to take some chips off the table, but left on small core positions in case they keep running.
I’ve made a small fortune just this week alone in my small Lithium, Silver, and Gold stocks and have been using my smart phone to swing trade since I’ve been all over Florida on airlines and business. I haven’t had time until now to respond to this topic, but once again, most of the comments I saw lacked any real research, don’t understand the market, and don’t make anyone here on KER a single dime.
My posts are long and detailed because I am doing my best to share the cream of the crop, and help investors stay out of the hype and focus on those new companies in production (which I didn’t hear Gwen, Rick Rule, or John Kaiser mention), and I provided the back-story on the big 3 (which are chemical conglomerates) and on Talison Lithium which was 4th and is NOT a chemical conglomerate, but was purchased by Chengdu Tianqi Industrial Group. Tianqi is the same company that purchased the World Class Jiangsu Lithium Carbonate plant from Galaxy Resources in 2014-2015, and that is what gave Galaxy the budget to buy Lithium One’s assest (who I also used to own), and how they have stream-lined into production this month.
Most of the “experts” that are commenting on the Lithium miners, just have not been following it very closely the last few years, and as a result they have not kept up with mergers and acquisitions or who is real and who is not. Most probably have no idea that Western Lithium bought Lithium Americas, or that they were already in production of their Organoclay additives for the drilling industry. Hardly anyone discusses the huge success of Orocobre making it into production after Talison Lithium.
As a clarification General Mining (GMM.AX) has the 14% off-take agreement with Galaxy Resources for their ore. I believe somewhere I wrote that it was Neometals in error.
My frustration listening to people in the Precious Metals sector call the whole Lithium sector a bubble or hype is exactly the same, as when I listen to uninformed talking heads on the lame-stream media like CNBC discuss Gold or Silver being a bubble in the past, or not understanding the lay of the land.
People should either do real research and spend the time necessary to understand a sector, or they just shouldn’t comment on the sector and admit it is not their specialty.
Dan Paloyan – I’ve actually seen a few more companies out staking claims and trying to convert from precious metals, base metals, or graphite over to the hot Lithium sector to jump on the bandwagon. I haven’t had time to update this list though, but here are the majority of the lithium companies on my watchlist. Again, I only like about 6-10 of these as mentioned above.
______________________________________________________________________________
On April 26, 2016 at 11:24 am,
Excelsior says:
LITHIUM Stocks Symbol
ABERDEEN INTERNATIONAL INC AABVF
ALBEMARLE CORPORATION ALB
ALIX RES CORPORATION ARXRF
ALTURA MINING LTD ALTAF
AMERICAN LITHIUM MINERALS INC AMLM
AMERICAN MANGANESE INC AMYZF
ARDIDEN LTD ADV.AX
ATHABASCA NUCLEAR CORP YWRLF
AVALON ADVANCED MATERIALS INCORPORATED AVLNF
BACANORA MINERALS LTD BCRMF
BEAUFIELD RESOURCES INC BFDRF
CRITCAL ELEMENTS CORP CRECF
DAJIN RESOURCES CORPORATION DJIFF
ELECTROVAYA INC EFLVF
EUREKA RESOURCES LTD ERKAF
FMC CORPORATION FMC
GALAXY RESOURCES LTD GALXF
GENERAL MINING GMM.AX
GLOBAL X LITHIUM LIT
HOUSTON LAKE MINING INC HLKMF
INTERNATIONAL LITHIUM CORP ILHMF
LI3 ENERGY INC LIEG
LIONTOWN RESOURCES LTR.AX
LITHIUM AMERS CORPORATION LACDF
LITHIUM AUSTRALIA NL LMMFF
LITHIUM CORPORATION LTUM
LITHIUM EXPLORATION GROUP INC LEXG
LITHIUM TECHNOLOGY CORPORATION LTHUQ
LITHIUM X ENERGY CORP LIXXF
MACARTHUR MINERALS LTD MMSDF
MGX MINERALS XMG.CN
MINERAL RESOURCES LTD MALRF
MINERAL RESOURCES LTD MALRY
NEMASKA LITHIUM INC NMKEF
NEOMETALS LTD RDRUY
NEVADA ENERGY METALS INCORPORATED SSMLF
NEVADA SUNRISE GOLD CORPORATION NVSGF
OAKRIDGE GLOBAL ENERGY SOLUTIONS INC OGES
OROCOBRE LTD MILTON QLD OROCF
PILBARA MINERALS PLS.AX
POSCO PKX
PURE ENERGY MINERALS LTD HMGLF
ROCK TECH LITHIUM INC RCKTF
SIENNA RESOURCES INC HBNRF
SOCIEDAD QUIMICA Y MINERA DE CHILE S.A. SQM
STANDARD GRAPHITE CORP DARDF
STRIA LITHIUM INC SRCAF
ULTRA LITHIUM INC ULTXF
Here is the Tony Seba Interview we’ve been discussing since Silverdollar posted it in a few places on last weeks Industry News sections:
Here is the description of that video presentation for those interested in the Energy Space:
__________________________________________________________________________
Tony Seba’s Clean Disruption Keynote presentation at the Swedbank Nordic Energy Summit in Oslo, Norway, March 17th, 2016.
The keynote, based on the book ‘Clean Disruption of Energy and Transportation’ assert that four technology categories will disrupt energy and transportation by:
1- Batteries / Energy Storage
2- Electric Vehicles
3- Self-Driving Vehicles
4- Solar Energy
The outcome of the Clean Disruption is that by 2030
• All new vehicles will be electric.
• All new vehicles will be autonomous (self-driving).
• Oil will be obsolete
• Coal, natural gas and nuclear will be obsolete
• 80+ per cent of parking spaces will be obsolete.
• Individual car ownership will be obsolete.
• All new energy will be provided by solar (and wind)
Clean Disruption is a technology disruption. Just like digital cameras disrupted film and the web disrupted publishing, Clean Disruption is inevitable and it will be swift.
https://www.youtube.com/watch?v=Kxryv2XrnqM&feature=youtu.be
I do understand the points Tony is making about the S-Curve for adoption, now things don’t happen linearly, but the infrastructure for charging stations and Solar has a lot of work to do to displace all the gas stations, power stations, and industrial power needs. Again, I totally agree with this premise, and that it will happen faster than many of the die-hard Oil/Nat Gas/Coal guys realize or can admit to themselves. However, as mentioned it will displace parking, mechanics, the Oil & Gas industry, oil change places, etc…. and the economic impacts of that will slow this process down and cause quite a heated public debate before people are willing to accept that the cheese has moved.
Nuclear energy will implement new technologies to stay relevant (like beryllium coated pellets and new reactor designs), barring any more unforeseen major events. Most of the reactors that just got built, are under construction, or are planned have 30-40 year lifespans; so I can’t see the governments of the world abandoning them and walking away from the billions of dollars spent in just 14 years.
As for Fusion reactors, they still seem a ways off from being utilized, but who knows? Then lastly, there are many ideas on “free energy” that have circulated for decades that may start taking root, and make solar, wind, geothermal, hyrdro electric, and batteries obsolete. Energy is a dynamic and ever-changing marketplace.
As for the concept of Lithium battery power for the electric devices, electric vehicles, commercial vehicles, farm vehicles, home backup, business backup, and industrial backup….. Its already happening and I’ve been writing about it on this blog for the last 3 years fairly vocally and covering the real Lithium miners that are not just marketing fluff, but have an honest chance at being players in the space like Orocobre, Lithium Americas Corp, Galaxy Resources, Neometals Ltd, General Mining, Nemaska Lithium, Pure Energy Minerals, Lithium X, Dajin Resources, Bacanora Minerals, and Critical Elements Corp. It’s a shame so many have been damaged by past commodity bubbles in Rare Earths, Graphite, and even previously in Lithium, that they don’t realize the rules of the energy game have changed since 2011- in a major way.
Thanks again for posting that video up above Silverdollar. I showed it to my lady and we had a spirited 2 hour conversation about the concepts and implications on the future (that has just arrived……).
Cheers!
Here is a timely article reinforcing the points that Tony Seba was making about the changing dynamics in transportation and EVs in the video posted above.
________________________________________________________________________________
Ford seeks partnerships as it looks beyond car-making
05/23/16 – Reuters By Joseph White
“… Ford did not disclose any new deals and said Ford’s management is still working to define its strategy for self-driving cars, connecting vehicles to the internet and developing new transportation services such as ride sharing.
Some of Ford’s rivals, notably General Motors Co , are taking a more aggressive approach. GM earlier this year invested $500 million in ride-hailing service Lyft, and this month closed the acquisition of self-driving vehicle technology startup Cruise Automation. GM has outlined a plan to develop autonomous electric vehicles for use by Lyft.
Fiat Chrysler Automobiles NV this month said it would work with internet search leader Alphabet Inc’s Google self-driving cars unit to integrate Google’s autopilot technology into 100 Chrysler Pacifica minivans…”
Thank you for the great summaries. I have investments in a few of those, including Albemarle, Critical Elements, FMC, Houston Lake Mining, Pure energy, and one or two others. Thank you for taking the time out to compile all of the postings. They will make very interesting reading. Hard to know how long this sector will stay hot.
Very nice Dan Paloyan. I own Orocobre, Galaxy Resources, Lithium Americas Corp, Pure Energy Minerals, Nemaska Lithium and Neometals.
I would consider Critical Elements, Houston Lake, Bacanora Minerals, Pilbara Minerals, Dajin Resources, and for batteries Electrovaya Inc.
As for how long the Lithium pricing will stay elevated pushing the exploration and development projects along……who knows? However, if you watch that Tony Seba video, it will put into perspective just how crucial Lithium is to the future in replacing fossil fuels and backing up power from renewable energy sources.
Thanks for another weekend show fella’s.
I’ll download now & listen in the morning.
Too much beer consumed for it to make sense atm…..lol.
Cheers.
again thanks for all your precious time & help you give excelsior, it is much appreciated!!!
dw jones – just saw your post. Thank you – I’m passionate about the resource sector so it is fun.
USERX as a mutual fund doesn’t have far to go to catch up with the $US gold price, but if you use it as a benchmark, even though it’s a mutual fund, you’ll see that extremes of the inverse correlation with the gold/silver ratio, along with highs in the ADX line will give you a bonafide indication of a top or a bottom as the case may be. I prefer to use the S&P TSX Global Gold Index, simply because it’s an index, rather than a mutual fund or an ETF.
USERX also has a great makeup of companies and weighting that I prefer over some the ETFs like GDX or SGDM, or most of the other mutual funds out there tracking Gold and the miners (about a dozen of them as peers).
I follow a fellow named McHugh who has been on Jay Taylor’s radio program. He is also looking at gold and miners to decline after this next rise. It’s interesting Mr. Kern used the term “bear market” because when I looked at McHugh’s charts, that is my first impression. But then the price shoots up again.
I got the impression from Jeff Kern that he expects an intermediate top here, followed by two months down, but then another leg higher to higher highs, and he mentioned if this played out that he would remain rather bullish for the longer term. That seemed to makes sense to me a good trajectory moving forward.
What I thought he was saying was that he could not model it until he knew where the bounce was coming from. He seemed pretty unsure of where the declines would end…..at 50 or 50 or 70%…….
He was however more certain that straight up was followed by straight down.
But to me this is just garden-variety bear market stuff as long as we are not assuming that a new bull has begun. When you take that perspective it is not so far fetched at all to see that there will just be a continuation of the declines.
Not that I won’t play the inevitable bounce. I just won’t marry it if there is no sustain.
I’m thinking that forward prognostications at this point will likely be proven wrong, and part of the ‘wall of worry’
But the entire assumption in the gold community revolves around whether we have begun a new bull market or not. The majority seem to have already concluded that as if its a fact.
But I am saying the long term charts don’t yet support that notion.
If you’re going to make an argument, then you have to provide facts. Like for instance, where do you see the price going on which date and how did the price get where it is? Otherwise, you’re just gain saying for the benefit of calling someone else wrong in their ‘assumptions’
Long term charts, especially monthly charts demonstrate the reversal of trend, as I’ve posted over and over and over again.
Your charts do not demonstrate anything at all. That’s the reason we cannot agree. If a chart you posted is an absolute guarantee well then, hey, have at ‘er because maybe you are on to something.
But I doubt it.
Sorry to confuse you with the facts.
FranSix is correct.
Correct about what?
The “discussion” with Birdman, above this entry, is the reason I don’t visit this site much anymore.
Now its serious….
Coca Cola has been forced to suspend production of its most popular drink (Coke) in Venezuela….. because they ran out of sugar, one of the cheapest and most plentiful of all food additives and some might say an absolute essential in any economy.
They ran out of sugar in Venezuela. I am just shaking my head in disbelief. Totally unbelievable. It was bad enough when the beer stopped coming because there was no barley but sodas too? And what’s next?
Will they run out of salt down there next week? We already know they are out of water……Cripes!
What a disaster.
That is crazy- Birdman!!- BTW- hows that turtle of yours doing??
Pretty good Ann. She is growing (slowly) and become a household personality. She so damn destructive though and seems to have a real hate for my motorcycle which she has knocked over a few times this week. I had to tie it to a tree to stop her from climbing the side and pushing it over…..maybe she’s brand conscious!
Thats- too funny…
The big question now will be whether Maduro has the balls to nationalize the Coca-Cola factory which of course is the iconic American soda maker, just as he has recently done with the domestic beer company. The other question wondering minds might ask is whether Maduro will now accuse Coke of being complicit in a US conspiracy to overthrow his regime by ending production. Nothing would come as a surprise anymore.
VZ is better off without sugar and Coke, both of which are very toxic. Always look on the bright side of life.
I don’t know about that. Personally I love the stuff. But why this is a big story is because of its symbolism. The ONLY other country in the world that does not have Coke readily available on the shelves is North Korea!
Not likely they will get a bottling plant anytime soon either. Cuba was also on the list until recently but that’s all changing now that peace is breaking out with the US Administration.
Bird:
Don’t worry about what Maduro is going to do. He will be standing up against a brick wall in a week or two.
Right where he belongs. You really think it will happen that fast, Bob?
When you have fried dog legs for dinner and cat’s tail for breakfast, you start thinking outside the box.
He’s flying out of the country in a couple days for some kind of meetings. I have a theory that he never gets back into the country. Regime change will happen in his absence.
On the other hand, with a military beholden to keeping the status quo as they systematically loot the country of every last available resource we never know exactly how it will turn out. Their best friend Maduro is no hero to the people anymore. He is simply trapped and cannot undertake the reforms needed without the army itself intervening to replace him.
So nobody should be under illusions that a military coup will bring any kind of renaissance down there. Only a true democratization of the political system and a gradual dismantling of the apparatus of entrenched corruption can change that country now.
As Martin Armstrong often says…it needs to “crash and burn” before there can be real change. For Venezuela that probably means a civil war, breakaway states and / or a complete destruction of the corrupt forces that are impeding progress and reform.
I was reading Transparency Internationals Corruption Index today and just as I suspected, Venezuela is close to the bottom of the list of countries. Right in there with Somalia, North Korea, Syria, Libya, Sudan and Haiti.
Should we be surprised? You basically have a handful of well positioned military people controlling the remaining resources of the nation and feathering their own beds.
An accord through the international courts that seeks to strip those criminals of their ill-gotten assets held abroad would be a great first step in emptying the pockets of the thieves. But there must be a request made first and there needs to be an opposition to lay the groundwork for a new constitution that will be popularly embraced.
How else will the looters be held to account and the country be allowed to reboot?
Radical tourists have been deluded pimps for Venezuela
http://www.theguardian.com/commentisfree/2016/may/22/radical-leftwing-tourists-pimps-dictatorship-hugo-chavez-venezuela-sex-tourism
This comment I fully agree with, Birdman.
They need a reboot. But it’s hard for me to imagine how it gets better from here.
Bird: Saudi Arabia also forbids Coke as it is sold in Israel. Pepsi is not sold in Israel so it is allowed in Arabia, unless things have changed since I was there.
Coke has a bottling plant in Saudi now but I remember that old soda’s conflict you are referring too. There was a Pepsi plant in Gaza that was bombed out some 40 years back. Maybe you were there are saw it?
No question sugar and coke are toxic. Among other things they contribute to problems with blood sugar regulation and digestion, both of which can lead to mood and memory problems.
A link from Dr Mercola gives some good facts on the topic. Sugar is better than artificial sweeteners, and raw honey is better yet. Maybe stevia, lo han, or other herbal sweeteners are too, I’m not sure. But one is best off limiting sweeteners. Which is hard to do if one is hooked, because if blood sugar regulation is poor, your body will crave it. Ketogenic diets can help fix blood-sugar deregulation.
I know, not exactly investing. But then, the best investment one can make is in good health!
correction: A link from Dr Mercola gives some good facts on the topic.
60 days is not going to fix anything.
Just enough time for the bad guys to steal whatever has not already been stolen. That’s about it. In 60 days they can transfer a lot of money out of the country and sell off a lot of assets. I figure this is just a stall tactic so they have time to warm the engines on the getaway jet.
I wonder what African country will take in Maduro? Maybe North Korea will take him.
Hope everyone is having an enjoyable WE thus far.
B. Lundin provided, imho, an interesting perspective.
I valued the anecdotal evidence that in an audience @ the LV Money Show, apparently ONLY 15-20% of the people owned gold. To me, that’s great news.
As I mentioned over the past few weeks now, there is still plenty, plenty, PLENTY of money/investors on the sideline or who have missed the boat on this move or that is/are under-invested to the sector.
Obviously, institutional money moves the needle faster/more significantly than retail (which was, I presume, the audience @ the LV Money Show), but still.
Stating the obvious again, this lack of exposure/investment from many market participants is the fuel needed for the bull market to continue for a few years in the PM space.
To repeat myself, when it comes to the PM stocks, I believe it is wise to
1) keep exposure to the sector w. core positions,
2) accumulate on nice dips,
3) trim when stocks make parabolic moves or when charts are really extended
For those that still don’t think the move YTD in PMs stock signals the beginning of a bull market in the metal themselves (or, as I prefer to put it, that it signals the end of the cyclical bear in precious metals within the secular bull market) I kindly suggest to take a look at James Flanagan of Gann Global recent free webcast this week (esp. the one recorded on Wed or Thurs. this week after the close).
There are some valuable statistics J. Flanagan provided w. regard to how this recent move on PM stocks ranks within all commodities bull markets over more than 100 yrs (that’s called p-e-r-s-p-e-c-t-i-v-e).
As a side note, thanks to Bob Moriarty for having brought James Flanagan to our attention.
So:
1) yes gold/silver can still re-test the lows or make lower lows, and irrespectively
2) I believe it is wise to use opportunities of pullbacks on PM stocks to add to your positions, if you are not fully invested.
FWIW, personally, as mentioned on the interview on Wed., I had done some trimming on Tuesday and also on Wednesday before the Fed. On Thursday near the open, given the pullback the market offered on specific stocks, I deployed additional capital.
3) the short-term is noise. Over a 3 yrs horizon, time should take care of both bullion and PM stocks prices.
4) ignore that noise, Focus on fundamentals/valuation, and on the charts.
Seize the opportunity of lower prices when they present themselves to deploy more capital.
5) Grab a drink, go for a walk, listen to music, sleep well, enjoy life. Ignore the noise, add on pullbacks, trim on extended charts/parabolic moves. Grab a drink, go for a walk, listen to music, sleep well, enjoy life. Ignore the noise, add on pullbacks, trim on extended charts/parabolic moves. Grab a drink, go for a walk…. you get it…..
Rinse-repeat.
Best to all,
LPG
LPG – Great advice as per usual. Very well said.
Cheers!
LPG:
Great commentary as usual.
Another thing you could add is that you could buy some out of the money puts to protect yourself if you don’t have time to be glued to the computer.
Your insure your house,you insure your car,hopefully you insure your portfolio also.
LPG: I do enjoy your comments, both in writing and on the webcasts (but of course you could be wrong, as you have said many times). Biggest problem for those of us who have been in this sector for (decades for me), is: it is easy to make a lot money in a market such as we have had thus far this year. However, the problem is in keeping it and not losing it back again after a serious correction. The old pundits used to recommend for the resource securities: if you have a double, sell 1/2, and if it doubles again, repeat the process. However, what do you do with the cash? I personally have been in both individual securities and ETF’s and mutual funds (all gold or gold related). If you re-invest it in the same stuff, you are exposing that money to a loss in a significant correction. I agree that we are in a long term Bull for the metals, and everything I look at technically (long term 20/50 week crossovers, long term MACD’s positive cross) etc., suggest that we have definitely made an important low in gold and gold related investments, and that this is likely to last for many months and possibly years. So for now, investing on dips in this sector after a multi day or week correction might be a good idea, and also possibly focusing more on ETFs and Funds, which are a lot easier to follow and no company or country specific issues come into play. Any thoughts, LPG ?
As an experiment, I used the 30-year bond rate against Pring’s inflation index to give me an idea where interest rates may affect the bullion trade. What you might anticipate is a decline in rates along the long-dated end of the yield curve and continued flattening of the yield curve going forward. If markets are set to decline, then rates will adjust lower supporting gold prices.
An interesting development as of late has been the flattening of the US yield curve, meaning that rates will come down off the long end towards those of the short end. This has happened in the UK and Canadian bond markets.
Perhaps The Fed is looking for something very similar in guise to these bond markets rather than say, Eurozone or Japanese bond markets with negative rates, where the short end stays around .5% for treasury bills, but long dated treasuries yield less than 2%.
People have been saying to ignore the noise for 4 years.
4 years is not noise.
Let me know when the “long term” begins
2023 per MA.
Nyquist will attempt to win the Preakness today and head to New York with a chance to win the Triple Crown. That would make two Triple Crowns in row.
This is like the late 1970s when Tripke Crowns came in bunches, Carter was in office and gold soared.
Get your bell bottoms out of the closer and your pet rocks, the real pet rock is about to take off!
I am thinking Nyqist and Exaggerator are about to embark on an Affirmed/Alydar type of triple crown relationship.
There is a report out of Albany NY that a brave soul bet 80 k on Stratar’s nose.
Stratavari
Exaggerator won the Santa Anita Derby in the mud.
Thanks guys for the show and to everyone for your comments and suggestions on the blog. I would like to get everyone’s thoughts earlier in the week Rick A said if gold held 1251 he expected a rally up to 1336.However on the weekly market wrap Cory seems to think the PMs are going to be flat to down the next couple of weeks.In the short term meaning next couple of weeks what is everyone’s thoughts on the direction of PMs and PM stocks and why
Matthew, I thought I might give you a laugh by providing a link to FDR’s theme song ” Happy Days Are Here Again”, followed by “Brother Can You Spare A Dime”.
https://www.youtube.com/watch?v=gqsT4xnKZPg
I’m still waiting for the %400 claim, I can beat it. Just use my Pipeline wave forecast and you can turn $5 into five million! Really you people just aren’t worthy on me and my Wave forecast model.
The latest ‘Brent Cook at the Bar’ and probably the worst. Some interesting comments but on the whole a shambles. Ms Thomas stands out for the most dignified performance among some men who would have done better to have had a drink after not before.
I am completely confused as to what Jeff Kern of SKI Gold is saying about what the GDX is telling him. Is he saying that GDX or the sector as a whole is close to a sell signal or is he saying after the correction GDX or the sector is a good buy or the next buy signal?
It has been on a sell signal for a few days. If it fails the 19 to 20 area it will break down.
It was pretty clear to me Pardu. Jeff said that he got a unique buy signal January 25th projecting a straight line price rise to be followed by a horrendous collapse in prices that would be bad enough to convince gold buyers to conclude the bear market had returned.
Sounds about right to me. Although Jeff does not think prices will fall back to the lows he cannot guarantee that won’t happen either. He did say that the melt up would be followed by a melt down (or did he say crash?) where gold would lose 50 to 70% of its gains which he was more sure of because of the way his indicator works.
Then Jeff added gold will need a few months to form a base before it will move higher. He said he is getting ready to sell since gold went straight up so now it will go straight down and end this bull period.
Yes, that was a very good section from Jeff Kern, and I felt his analysis was much more clear in listening to him, than in reading his public pieces (that get rather abstract with all his index averages and moving averages that he tracks).
Jeff’s point was that he had a buy signal issued a few days after the bottom in January, and it indicated that Gold and USERX were both going to go straight up for a few months, but them come back down sharply. Well we’ve had the straight up part. He also told Big Al that he thinks we are at the intermediate top and he expects it to correct down sharply from here for about 2 months. Makes sense to me.
This sounds like another reason to sell in May and go away until late July/early August before the next leg up. This is exactly what I’ve been preparing for and why I trimmed back the miners in April and early May (a little too early really). I’ll continue to nibble on the way down in select companies, but currently I’m only about 30% invested in my ideal PM miners positions.
Honestly, I’d be thrilled to see sentiment in the PMs get washed out one last time and for people to throw up their hands in despair. We’ve waited for 5 years, so what is a few more months? We still never got rid of many of the zombie Juniors and many companies teetering on the brink were now able to hang on; but they should have had their clocks cleaned.
It never really felt like we quite got the complete sentiment wash in this sector, where there was a bloodbath. Yes the mining share prices did drop by like 90-95% which was pretty severe, and the investing shows had their attendance drop steeply, but I’d of liked even a little more carnage to mark the bottom. Still, I would like to have seen more takeovers, more bankruptcies, and more people giving up on the sector completely. It is possible this will still happen and I’d consider that very constructive for a great bull market if it did, but I’m not sure if Gold or the miners will get down far enough to make new lows, and personally I am not expecting that. I do believe the lows are in, but remain open-minded at this point.
This run in PMs for 2016 has been an absolute riot and the percentage returns have been insane in the Mid-tier and smaller gold producers and in the Silver stocks. I’d love to have metals pull back 15-20% and get everyone worried again, and at that point I’d start backing up the truck, because we’ll have another run up with more large percentage gains. Why wouldn’t you want miners to go back on sale again anyway to buy more at lower prices?
If for some reason the miners blast off to the upside over the next few months then I at least have some good core positions in place and I’ll still benefit from more upside. I’d just prefer to see one more fire sale.
We’ll see how it goes…..
When the worst imaginable thing happens and gold falls all the way back to the Dec 15 lows (as I am predicting), then the whole world will be saying gold is making a massive double bottom and they will start buying with both hands in anticipation of another HUGE move to the upside.
Just like the magnificent move we already saw since January.
Except even better next time because they will be certain that now its really the FINAL, final bottom. And next time they will be ready (because they missed it last time). So everyone will be salivating like hungry dogs as they pass the time panting in anticipation and waiting to catch those 4X, 5X and 10X gains for free. Just like picking a peach off the low branches of the tree.
Its a slam dunk……A hole in one…..A home run out of the park…Easy as pie.
In fact its such easy money everyone will make the bet.
And that’s when gold will plunge to a whole new low and take the damned fools down the toilet in another big flush.
**Wink Wink**
(I really wanted to say “I guarantee it” but some one always has to get on my case when I use those words….as if I am going to be wrong!)
Well the best thing to do is see how the set up looks if Gold does pull back that far, as you anticipate, and how the strength and momentum indicators are looking at that time. For now, I’m just curious to see how the next 2-3 months go.
Sure thing Excelsior.
All I am saying though is don’t bank on another rally like we just saw anytime soon.
That’s *way too easy* and markets never work like that. If they did we might all be billionaires. Instead we should rest assured that all our assumptions are going to get smashed in the teeth on the rocks of cold reality because plenty of hard earned dollars are going to go up in smoke as the drama unfolds.
Its just when I read comments like yours about “backing up the truck” if such and such a condition is met then I start to chuckle because EVERYONE is thinking the same way.
Don’t you know that the bounce that follows this impending gold correction is already THE most anticipated event of 2016? And that all the people who didn’t make a buck on miners since January are now primed and ready to buy with both hands at the first sign gold starts to resurrect itself?
What does that tell you?
Its a classic setup for heartbreak should gold suddenly reverse and fall to new lows so I recommend staying on guard and not betting the whole damned farm on a big idea like its a one-shot retirement investment play.
Since when does the market hand out parade-candy for free to everyone who shows up for the rides? Ha!!!!!!!
Sure, I could see the potential for heartbreak if everyone is on the wrong side of the trade. The Market is a cruel teacher in that sense.
However, what I said was in the case where the PM metals and miners crashed 20% plus (or worse like you are expecting), then I’d be a big time buyer at that level and back up the truck so to speak. In my vantage point, there is plenty of pent up demand and money on the sidelines waiting to get back in on both the retail and institutional sides. Many of those funds are under-allocated to precious metals and will be eager to get some exposure to the metals and the miners on the next larger pullback. However, if the metals and miners broke to new lows, that could definitely cascade into a waterfall decline. I’m not ruling that out, but if that was the case then I’d buy that declines bottoming pattern as well.
Most of the interviews I’ve watched from the mining shows mention the institutional money coming back into the space, and looking for yield as the general stock indexes have been flat-lined in a range for over a year. There are also a number of retail investors that didn’t get to take advantage of the run up in miners in 2016 that are waiting for a doorway back in. I just don’t think if the metals & miners pulled back 20% or more that it would be a bad idea to start buying at those levels. I’d rather buy when things are on sale…. If they fell further after that, then I’d buy more when I felt like the technical indicators indicated a bottoming pattern.
Well we will both agree miners were under priced in late 2015. So they had some catch up to do just anyway. Maybe they will begin to sell at more fair values regardless of what gold does. Right now quite a few stocks seem pretty resistant to declines despite the threatening look of the metals charts. The other thing is I am starting to come around to the idea that general equities will actually rally. Would that dampen enthusiasm for miners like before though? I wish I knew.
Still figure $968 or have you decided to agree with Dent? $700 or $400 I forget now.
Way back I do believe I was saying we could go to about $1000 and Ricks $800? was an overshoot.
Yes bb. Still banking on 968 as my final bottom low but with a growing sense that the probabilities are increasing we actually see Ricks 800 region numbers. I have still not turned bullish on gold despite this great rally.
The charts simply do not support the idea we have entered a new bull market (that idea, by the way, is just the STUPIDIST thing that keeps getting repeated all over the gold blog universe). But what can you do?
There is an agenda born every minute and enough pent up enthusiasm in the crowd to crank-start a Frat Party as the pretty sorority Gals step into the room.
I mean, could the bugs be any more horny? I say “Break their Hearts!”
Few guys seem to see that yet but lets give it time.
The test is not far away fortunately. Gold will have to stage a bounce
Sorry about that….I hit submit while I was still composing my last sentences so the ending of my post sounds garbled. Must be all the excitement created when I start mixing the ideas of pretty girls and precious gold!
Anyway….gold will have to see a right translated bounce following this corrective decline and it needs to exceed last years highs but some fair margin for there to be any chance that something bigger is in the offing for the metals.
There is more to it than that actually but i am short on time today.
I don’t think it’s going to happen though. I just doubt that when gold bounces it will go higher than even 1306 although I have few questions there will be a lot of heavy breathing while we are getting close to the magic spot.
We are not in an ordinary bear market for metals or commodities, bb. That’s not saying gold will never get bullish again but the cycle has to be permitted to play itself out to its natural conclusion first. In the meantime the chart analogs won’t work as they would during more normal times.
Ex, just a countervailing viewpoint- Listen to Bix Weir on USAWatchdog to bring an extreme position by most scenario. But still worth a lister for perspective.
Folks, I hope everyone here has a stake in the PM metals 1st before any equities. Equities could vanish in the blink of an eye, the tangible will NOT!
Thanks Marty. I also posted 2 different countervailing points of view below calling for Gold to keep ratcheting higher to $1500, or the other interview from Palisade Radio below has a guest that feels we may see the longest bull run in Gold on record and he feels it just got started.
I like to entertain all points of view, but as evidenced today the metals are still correcting down further. This seems par for the course, and anticipated by most. What remains to be seen is whether this will be a shallow correction that blasts up to new highs in the late Spring/Summer, or if it has another 15-20% to correct (the most likely scenario in my opinion over the next 2 months), or the more dire big correction down to previous lows that some anticipate (I don’t feel this scenario is as likely, but I’m not ruling it out completely either).
Thanks for the feedback Marty and may you have a great week in your trading.
Never mind what he says when he wrote the best of all the Broadway musicals.
I really like these interviews with George Gero. He adds a sensible perspective we don’t hear often enough.
That could be because he’s older and has been around long enough to know what he’s talking about and maybe not care if people hang on his every word or not.
I agree and have posted each time he’s on the show that I respect his overall handle on the commodity markets and have been listening to him and reading his thoughts for years. A very level-headed economic pundit and still very plugged into the hive of investors on the COMEX, so he has an ear to the ground. I value George Gero’s segments on here and feel it is a real treat to have him on the KER.
I know a lot of people will disagree with me on this point, but the post war decade lies before us if Trump becomes President. I say that because he is a fiscal conservative who doesn’t want the nuclear umbrella to be paid by The American taxpayer unless the other countries who are receiving this protection pay up. They won’t want to so if they refuse to pay, the troops will be brought home. Trump’s reasoning is simple if something doesn’t pay for itself cancel it. That is why I want a businessman running the Washington budget. DT
Welfare also exists between nations, The US has been supporting too many other countries while they use their money to defeat your industry, Japan is a classical example. When have you seen The Japanese step up and help the rest of the world when there is a crisis. Never, they are too much concerned about their own country, and too willing to allow themselves to forget about the rest of the world. Pearl Harbor happened for a reason. DT
China is also self centered, think about it. DT
Really enjoyed listening to George Gero.
But I have to tell you, I still don’t get why OE (open interest) is so high. Does it mean that, on a weekly basis (reminder: COT is reported weekly), that the next big move is down, or up? Seems like down?
BIT: Record Comex shorts by the commercials normally indicates at least a temporary top. the record longs for the speculators have moved gold and silver into the weakest hands and they will panic as prices fall.
Thanks Bob!
I like 1 sentence answers. Clear as a bell.
I think Jeffery Kern is a genius, but I’m confused. I thought I heard him say last week (on a different site) that – next up – that we’ll 1st continue the melt *up* in GDX, then followed by a massive melt down. Now on this show he doesn’t mention that continued melt up phase, and instead says he’s ready to sell? I know it’s OK to be flexible, just he sounded so sure last week, just like this week.
Me, my little pea brain isn’t so sharp, and I know it, so I’ll just try to … just … follow … price.
You have the link to the other show Bill? I would like to hear it.
Hi Bird. Sure, he was on Jordan’s http://thedailygold.com/.
The audio link is here: http://thedailygold.com/jeff-kerns-skigoldstocks-trading-system-is-saying/
Date was 5/15 (Sunday), so a week ago.
I just listened to it again, and the key part is at 5:26. At 8:21 he says that we’re into month 4 of (on avg) 6 months of rise. At 8:53 he talks about the historical precedence of a melt up, which started April 4th, “it’s continuing” he said. It’s a “variable” period, and he’s hoping and “expecting a lot more” he says, “we’re already into the melt up phase”.
Again, this was all a week ago. Sounded to me like he thought a) we were in a meltup, and b) that it would continue. It’s all based on historical facts, so he’s not predicting, but rather projecting is how I’d put it.
Again, I think Dr. Kern is great, but I wonder why the 180. Maybe COT? Don’t know.
If Jeff has done a 180 I think it is safe to say that it is because of SKI not anything to do with COT.
http://thedailygold.com/jeff-kerns-skigoldstocks-trading-system-is-saying/
This is the interview. Enjoy.
Hi Bird. I saw your comment yesterday, and responded. But I still see that my comment is awaiting moderation. Odd. Anyways, it’s on Jordan’s website – the daily gold .com.
Just wanted you to know I saw and responded is all.
Dick Tracy is right on the money!
With regards to Segment 7, Mr. Korelin doesn’t get it.
The United States is the only developed country that taxes citizens that are not US residents. In other words, no matter where you reside in the world, if you hold US citizenship, the US claims taxes on ALL of your income of all forms. If you hold a US citizenship, the US claims 100% ownership of you as it’s property, as a slave, regardless of where you live…..even if you have never even set foot in the United States (i.e. citizenship by birth).
US citizenship used to be be sought after by most around the world. The US claims to promote democracy and freedom around the world……hehe. To be a US citizen is to be a slave….not true of other developed nations.
Maybe you think its a coincidence the best Golf Clubs have the highest membership fees. That’s how you keep the riff-raff out and keep the place exclusive. If you want to belong you just pay up and don’t argue otherwise you should expect every random Somali or North Korean will be out there putting the greens in short pants and slowing down the game.
Membership has its privileges. If you really want to live tax-free then go try the Congo for awhile. I suspect you will be begging to get back to your old putting range in short order.
Al, I really don’t get what you don’t like about Hillary because you don’t really state your objections very clearly. But she is a fantastic candidate for the Presidency. That gal is tough, smart, experienced, diplomatic and most certainly capable of carrying out the duties that will be handed her without the bad habit of making stupid off-the-cuff comments every other day that might upset the international apple cart. The US simply cannot afford a president that does not know the real job is more about the impression sent to governments abroad than it is to pandering to the domestic electorate. Get past the personal stuff, man. She is human too just like the rest of us. So what? We have all made mistakes but you can’t let those get in the way of the future. What we all need is stability in politics and that starts with presenting a leader that is suitable and cultured for the top job. If you think promoting a Maverick like Trump is the answer then you probably deserve the kind of America he is going to give us by the time he is done.
‘That gal is smart, experienced …’ and one HELL of a crook.
For the ignorant…
http://sgtreport.com/wp-content/uploads/2016/05/for-Prison.jpg
Bird…you need to do a better job of vetting..the woman is a crook utilizing the Clinton foundation to line her personal pocket at the expense of others. She lied to the parents of those killed at Benghazi,,she used a personal email server and allowed her classified messages to fall into the hands of terrorists..man I could go on but please…get real and look closely at her…if you still believe what you said earlier then I understand why you think gold will tank…
Heard all that. Name a modern leader of major nation that does not have a few skeletons in the closet or has a few shames on public display. Maybe you just expect too much.
One of the funniest dramas I ever followed in my life was that of Bill and Monica and the stained dress. It was a “who really cares” time in US history and it only proved Bill was virile. But others were so incensed they wanted him impeached.
For the love of God….some people need to get a life!
If the person running for election is human though then none of them will be clean. Its not possible. Anyway, you are going to have just two choices come election time. Both candidates are flawed. So the real decision will come down to who you think can run a more responsible government and get the job done.
But if you are like most people here you won’t be voting anyway since the majority on this site seem to think that both parties represent the same interests anyway. If that’s the case then disagreeing about the personality defects of one candidate or the other is a waste of our time.
Bird…you are wrong again..Trump is what is needed to shake up the Washington elite and start change in the way we are governed. I think he is the one to do it. Trump is much like you…he says what he thinks regardless of the consequences…kind of refreshing…
Gee thanks!
Nice one Gator!
Geez Gator, You just called Bird refreshing? lol
Anyway, Bird, I agree with you entirely, they all have closets.
The differance between Hillory,Sanders and Trump, is that Hillory is a neocon.
When we follow what the neocons are doing,(wolfowitz doctorine etc) Hillory is dangerous to the entire planet, she could litterally push the Russians and Chinese too far.
(well, we could pray it really is all the same bank I guess)
Thats the dif between the 3, Trumps goal, or it seems to be, is business, Sanders, to share the wealth, lol…. and Hillory?
Gator has a valid point, the list concerning Hillory is long, Trump? a few bankruptceis a few women and shady deals but not an end all life as we know it kinda guy.
Sanders, well, he would be good for the hard done by for awhile, until everyone was broke, might be tuff to do in 8 years tho.
‘Neither a borrower nor lender be’ goes the proverb. Same goes for gold: ‘Neither a gold bug nor gold bear be’. No-one knows what the future holds. But to go back to our founding father (Big AL!) and his main interest in fundamentals, it is these that ensure PMs will provide insurance whether for us or for our children/ grandchildren. For myself gold and silver can languish for the next few years, although personally I don’t for a moment believe that they will, given that God’s money (gold) must topple the tables of the monetarists very soon.
But back to Al’s fundamentals: There are just way too many black swans out there poised to fly in and smash fiat currencies worldwide: Possible Brexit next month; possible impeachment of Clinton; probable election of Trump as President; politically incorrect leaders appearing elsewhere as in Argentina, or in right-wing governments (Austria’s election today) and likely to take over throughout Europe; Saudi Arabia’s economy close to imploding; New Shanghai gold exchange; national banks teetering be they in Germany, Italy. Greece or beyond; China threatening Japan; oh and I nearly forgot the small matter of Libya, Egypt, Yemen, Syria and that other role-model of decorum Israel. And into that happy cauldron of misery we can add Russia/Ukraine/Syria.
If we happen to make money from our PM investments then well and good. But while ‘the love of money is the root of all evil’, we can safely love gold for the simple reason that overtime it will restore sanity to our world.
Best to all, A
Ezekiel 7:19
“They cast their silver into the streets, and their gold is like an unclean thing. Their silver and gold are not able to deliver them in the day of the wrath of the Lord. They cannot satisfy their hunger or fill their stomachs with it. For it was the stumbling block of their iniquity”.
Birdman, When that was written silver and gold were not only money they were also the circulating currency of the day. Today there would be only paper to throw in the streets and that would only be from the few who converted their digital dollars into physical. It would be like an old fashioned ticker tape parade.
OK, so then here is something else to get your mind back on the great allure gold holds for the devoted. Its a story of the hidden Nazi treasures that might still lay buried under the mountains on Poland.
Only a small part of all the underground network has yet been excavated. It does exist so this is no flight of fancy. But where exactly the fortunes of precious stones, artworks and gold lie is still unknown. Perhaps behind an underground concrete wall built to obstruct the view of the people who still search the tunnels to this day.
Nobody living can tell. So much is still unknown…but the story is a great read.
The Nazi Underground — Is treasure buried beneath the mountains of Poland?
http://www.newyorker.com/magazine/2016/05/09/searching-for-nazi-gold
AA: I think the source of your “biblical” quote on neither a borrower nor a lender be was actually Ben Franklin.
Bob – never claimed it was from the Bible! In fact I first learned it from my mother. Best, A
I thought it was Shakespeare.
It was Shakespeare from Hamlet; and Shakespeare was Sir Francis Bacon; and Sir Francis Bacon was very influential in crafting the King James Version of the Bible as well as a number of great literary works including the New Atlantis, which was popular with the founding fathers. Benjamin Franklin actually had a similar line: “Creditors have better memories than debtors.”
Some people mix up the Shakespeare quote with the biblical quote from Prov 22:7 7.
“The rich rules over the poor, and the borrower is servant to the lender.” (NKJ)
Regardless of whether one considers Shakespeare, Franklin, or the Proverbs, they are all making a similar point.
You are right. But how did you find that out???
The school of hard knocks……I was both a lender and debtor earlier in life until I heeded the sage advice above 😮
Bird, you quote Ezekiel, which came at a time when the Jews in exile had so rejected God that they were, for a while beyond all help, even that of calling upon their treasure, and from which they had also carved graven images NOT to the one true God. The Christian believes that despite the universality of sin he/she is blessed with infinite mercy and grace if they strive to do His will. For those Christians who have nothing then of course PMs are irrelevant. But for those who have some then it behoves them to use their wealth wisely, whether in dispersing it towards their loved ones, or towards those they feel moved to help
That is exactly the point Reverend. All of humanity is walking in exile today and has become disconnected with the God that they reject or cannot fathom. The answer is not to be found in hoarding silver and gold. We both understand that I think.
“The Christian believes that despite the universality of sin he/she is blessed with infinite mercy and grace if they strive to do His will.”
Andrew, I respectfully disagree with this statement. Jesus already did all that is needed, is it finished.
Fair point Bobby – semantics can get distorted when compressed! A
agreed
I find Hillary Clinton to be a very lonely woman, she lives in a loveless marriage that is only held together by both her and Bill’s desire for power.
Her messages are lifeless, where are the new ideas that leaders must produce to show a grasp of subjects. I only see old ideas being rearranged into the same old ways as if she is in a dream world like the movie “Groundhog Day.”
DT…besides that she is a friggin liar and thief…….just for starters….
Totally agree DT. The wicked always end up to be pitied. A
They have now released a documentary on another power couple Anthony Weiner and Huma Abedin who is chair of Hillary’s presidential campaign, it is apparently an eye popper and is being released at a very opportune moment.
http://hosted.ap.org/dynamic/stories/U/US_FILM_REVIEW_WEINER?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2016-05-21-10-16-27
Where is Jerry OOTB this weekend?
Where is Al and Cory?
And where are the goldbugs!
This place is like a morgue. Did gold die or something?
nah…golds just taking a breather….
Probably. I figure we get a three day bounce early this week.
Here is a Bullish editorial from Yahoo Finance if you’re eager for positive gold expectations.
One big reason why gold could be heading to $1500
May 18, 2016 – Yahoo Finance By Seana Smith
https://finance.yahoo.com/news/why-gold-will-rally-hedge-funds-192159839.html
Here is another Bullish editorial on Gold if you’re interested:
Al Housego: This Gold Bull Market Could Be the Longest and Strongest in History
BY COLLIN KETTELL ON MAY 22, 2016
My sell signal of doom (for gold) may be happening this week…possibly just a few days away. I will keep you posted if it happens but right now it looks like a pretty sure thing. The idea is still in the beta testing room. Fingers crossed though.
Bird, I will tell you one thing the silver premiums have disappeared, got $21.+ per ounce a couple weeks ago for junk, not happening last week.
That sure happened fast.
Paper silver can’t trump physical. Golden Arrow Resources CEO Joseph Grosso well worth listening to on SGT.
http://sgtreport.com/page/7/
Jeff Deist mentioned a couple times ‘Gene McGovern’. I think he’s mixing up Gene McCarthy with George McGovern, two different people. McCarthy, a Minnesota congressman first ran for the presidency in 1968. McGovern in ’72.
His analysis of super delegates may well be correct.
Al: I really find it hard to believe your statement that you have looked at how you could support Hillary and can’t find the reasons to do so, with all due respect to you and your owning the forum page. With that said, I can’t support her because of her State Dept. make-up, specifically Victoria Noland and her husband, Mr. Kagen. Both are very scary neo-cons IMO. Victoria for her nefarious actions in the Ukraine debacle and her husband and his brother in the previous administration’s decision to invade Iraq. Who else is hiding behind the curtain?
As far as Trump goes, I can’t support him for about the same reasoning. Who is behind the curtains? John Bolton was one of his first contacts when he tried to learn something about foreign affairs. He’s another neo-con with a dark past imo.
So I’m waiting with baited breath to see which one would and ask Mark Cuban to be their VP. He could clinch the election for the eventual team, who-ever it would be. Just my two cents. Thanks again for the show and your weekly output!
Hell’s bells – Bix Weir really knows how to round off your weekend….
It was Polonius in Hamlet, Act 1 scene3 who said, “Neither a borrower nor a lender be.”
Al, what do I win for this correct answer?
Neither a borrower nor a lender be;
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry.
This above all: to thine own self be true,
And it must follow, as the night the day,
Thou canst not then be false to any man.
Andrew,
I think Bix Weir is an extreme sensationalist who is a boarder-line goof who may be right on a few points in general about some catastrophic events here and there, but goes way over the top with the zombie collapse scenario of everything.
The problem with his total collapse of all credit movement, all currency digits zeroed out, total banking collapse, total brokerage collapse, DTCC collapse and on and on and on, is that in that type of an extreme all-on-implosion everyone dies. There would be no exceptions and no place to run, nothing would be left standing.
No amount of prepping or status of the so called “Elite Super Wealthy” strata would make it through the complete bankruptcy and total deletion of all computer digital money.
The idea that every penny of the worlds wealth in paper form would just be wiped out and we would just suck it up and life would with a little barter for a couple of months and then recover and transition to a new system is so utterly preposterous it too stupid to even envision.
There wouldn’t one IBCM in any nuclear armed country in the world that with they’re arsenals sitting in a hardened Launch Silo without be launched. The earth becoming a giant radiated uninhabitable glass sphere is why his ideas are so outlandish and boarder-line impossible.
When you listen to guys like Bix Weir, there should be a warning posted that his theories are highly fictional in nature. His theory is that some mysterious good guys are lurking in the background somewhere and they are trying to destroy the current system to bring in the gold standard. Utterly beyond stupid.
Do we have problems, yea sir, his story-line means life on earth ends, that’s why it won’t happen.
take care
V
Ha ha ha!!! Good post Vortex. I am in agreement with you on those points. Bix is another of Greg Hunters whacky crowd of interviews. Believe them at your peril or just treat that trash as online entertainment. Its all become so Alex Jones over there. Bunch of nut cases.
Just listened to Bix Weir..really dont know what to think of him? Sure seems happy..
Something a bit weird about him Ann: One moment he says he hates timelines, the next he’s talking about the Fall as representing the end!?
Vortex thanks for the reassurance. I need to sleep on what some of these guys say and think only to wake up and know that in Bix’ case, as you say, they are well over the top! Nor it seems is Greg Hunter always pleased when others say the same. lol! Best to you too, A
No freedom of speech on Greg’s site is there Andrew.
Sorry about the numerous typo’s!
You are forgiven of course.
Here’s what some very highly affluent influential folks told me a few years ago.
You can say you don’t want to hear it anymore and cover your ears. Since South America is in collapse it’s best everyone listen. All I’m doing is repeating what I was told.
Here’s what I was told. When you see South America in collapse and we are experiencing that now. What follows – Mexico is next.
When Mexico collapses, the U.S. follows within a few weeks. So you have maybe a few weeks but I would say to be on the safe side one week. This holds true for the rest of the world because when the U.S. fails, the rest of the world will too.
So, watch Mexico and when bad news comes from that country it’s time to get all your supplies and necessities. The grocery stores will be cleaned out within a week or two.
My eyes are on Mexico at this present moment. Soon as I see bad news coming from Mexico then I’m rolling it up to a remote hideaway grabbing all the grub I can get my hands on.
You see Mexico collapse its time to prepare to live by the 4 G’s.
(comments will not nest below this level) Its not debatable. The info is a gift.
Mexico had the Peso Crisis in 1994 and the world did not end in the US. Look it up……
What does 1994 have to do with information from a few years ago. South America collapses in this present era. Watch Mexico !!!
Comprendo
Here’s your peso crisis in 1994. I was well aware of it and its ancient history.
Wrong era anyway but thought I would look it up because Mexico never collapsed.
https://en.wikipedia.org/wiki/Mexican_peso_crisis
All it was only a devaluation. Reminding you, there was no collapse in Mexico.
Is South America collapsing?
Yes, Venezuela, Brazil, Argentina with problems…but collapse? No one in my neck of the South American woods is talking about collapse.
GH, looks very likely S.A. will completely collapse into chaos. We will see.
We need a leader who worries about the affairs of state, one who inquires into what the boys of state are doing. Not someone who doesn’t want to be let down and allows others in his administration to send e-mails from their personal server. You can’t be a good old boy and run an efficient government without being responsible for the people under you. DT
Let’s see–we have Rick Rule who has made millions trading gold and investing in miners stating that a new gold bull market has begun and we have bears worth [not millions] that say we are going down to test or exceed the December low to give them a comfortable chance to get in. I think I know who I will side with.
Pop Quiz Time…
How much money did you need to have available to invest during December 2015 for gold mining stocks (when everyone was saying the bottom was in) to make a million dollars by the time first quarter 2016 was over?
Lets assume you didn’t know the difference between a good mine prospect and a rat’s behind so you just bought NUGT and rode it up. And how much free cash did you need if you used a little margin? (personal of course….only you know)
You’re a CFA Kent so I’ll assume your math is pretty good. Well NUGT was up a factor of 6 as were similar funds. If you had invested individually in select stocks you might have done even better.
So you really didn’t need to start with much to make that million in just a few months. And you could have done that whether this was a bear market rally or a spanky new bull market because it really makes no difference to earning multiples on your money.
I’m just saying…. philosophical debates aside, you could have done very, very well regardless of whether this was a bull market or a bear market. And indeed many people here have done exceedingly well over the past six months which you will know if you read the comment threads.
So don’t worry about what the bears say and maybe don’t wait for Rick Rule to be your guru and fire the starting gun either. You don’t need either one of those opinions that might confuse or illuminate.
The game of picking the turning points is just an intellectual exercise anyway. Its something that gives guys bragging rights if they are correct but it means not much in the big picture. All that matters is you played your own game well.
Bears make money….Bulls make money….you know the rest.
Not sure I understand you Bird, 200k no? (at 5x, was lots of those around) The only trick being enough liquidity with where you put your cash.
Its not really that important b. Just a response to Kent who implies that having a lot of money means you are smart than everyone else. I only pointed out that with 166K or less depending on how much margin was being used he could have made a million or more in 3 months flat.
And he could have been one of those people instead of making silly accusations.
In other words it did not take genius to lever up. There are a lot of people that just assume money equals brains. Jesus, I wish that was true but sadly it is not. In Ricks case of course he is indeed blessed with a great mind and wealth to match but that sure is not always the case.
Your right Bird, wish I had one or the other. lol
Actually, now that you mention it, had people really been certain of their “gold up” beliefs, why wouldnt they be sitting on silver sands under palm trees being served drinks with umbrellas the rest of their days? lol or some such thing.
I wasnt that sure, I caught what I thought wasnt too bad but I was far from 100% capitalising. Probobly that nagging “about $1000” Im figuring on.
Yeah, its the math of it all that has so many panting for a rerun of January to March. They are pining like forlorn lovers over the prospects of a big heavy breathing bounce in gold so they can get on board too.
Ain’t going to happen though. We already had the rodeo. Now comes the hangover.
Its pretty much all downhill the rest of the year by my calculations although there should be a few decent bounces along the way. Odds will favour the small camp of bears along the way so I would not be holding Old Turkey on any stocks here (as Gary Savage is want to say).
What should be really interesting though is January 2017. Now that just might be another show. too early to tell of course but the rest of this year should be a bust for gold and silver because of the way the chart formed.
Kent Rick Rule is a billionaire because of basically three things.
1) He’s Mensa level intelligent and probably the smartest guy in the room 95% of the time. Tier one in his professional pedigree.
2) He knows how to pick stocks, quality properties and skilled management teams with funding and analyze them properly. And has a boatload of luck or good fortune along the way.
3) His vast wealth both personally and with Sprott Inc., associated gets him the best deals and PP’s with millions of full and half warrants to go with the funding that no one else can get or emulate.
Those are just three items right off the top of my head. He’s not infallible, but more often right than wrong.
V:
Listening to Rick”I love the smell of shorts burning in the morning” Rule one must sit up and pay attention.
I totally agree on all points.Especially point #3.
Investing is always easier when your playing with the houses money.
Very well said John.
Vortex I posted a number of Rick Rule interviews on Thurs night in case you may have interest.
http://www.kereport.com/2016/05/19/weekend-show-preview-rick-rule/
Ex, thanks a million. Always a good listen.
A billionaire??- Vortex!! I assumed he was very wealthy… didnt realize.. that wealthy!!!
Its ony the first 500 million thats tuff Ann.
Which Way Are Stocks Leaning?
Published on May 20, 2016 – CiovaccoCapital
Yukon, the new frontier, but I still think companies are suckers when they are talked into giving a full warrant.