Doc breaks away a bit from economics and discusses politics.
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Jason, happy for you.
I remember MSM boosting Trump endlessly while the earlier Republican primaries were going on. I viewed that as MSM with its Democrat, left-leaning agenda supporting the weakest Republican (who in fact just 3 years ago was a Democrat) so he would be beaten by the Democrat candidate.
Note as soon as Trump appeared to be the WINNING Republican choice, the situation changed and he was attacked by the MSM.
The same situation has been repeated e.g. Romney was Gonernor of Massachusetts, a left-leaning state. In the general election, the conservative Republicans stayed home and did not vote, hence Obama won.
Note on international trade now Trump stands to the left of Bernie Sanders…..is that going to cause Republicans to turn out? Can an establishment rebellion vote produce victory? I doubt it.
left of sanders. you are one of the reasons this country is going to hl. what you you are about to reap is what you deserve. all the metals will do you no good@@@
Going to be interesting!
For chart-followers:
http://kingworldnews.com/wp-content/uploads/2016/06/KWN-IV-6302016.jpg
Is it possible……is it probable?
It is probable.
My favorite chart: The BIGGEST Cup&Handle EVER !
Yeup.
That’s a great looking chart CFS, I hope it follows through! Gary
That is a great chart and one of them I’ve been following for years. Recently, I connected it to LPG and he was pretty excited about it. I believe it has a great chance of ending in the reality of it.
Trump is right about NAFTA and TPP, these agreements should be redrawn or cancelled. America does not need a huge export market. Three things made The US great, I. A vigorous and young dynamic country 2. An abundance of natural resources in their own country or right next door in Canada 3. A huge home market something that no other country has and China still doesn’t have, At their peak in the 1960’s to the 1980’s, they only exported a surplus of 5%, and became very prosperous. Trade wasn’t a huge issue then and isn’t today. The globalist’s wanted it because they could move their factories elsewhere and capture cheap labor to make a bigger profit by shipping finished goods back to the US but in the process they destroyed the middle class. The game changer now is artificial intelligence, cheap labor is no longer an advantage. We can go back to being prosperous once again. DT
The world has changed in the last 50 years, Dick Tracy, the US used to be able to take raw materials and export something the rest of the world wanted, be it food, cars, or electronics. Now it no longer is the cheapest, or best at many things.
Maybe we will be again, perhaps with robots. However, there is no going back in time.
Further anybody that thinks one can improve any economy by imposing tariffs is MOST POORLY EDUCATED – stupid.
And don’t attempt to say that was how it was for the first 2 centuries of the USA. Tariffs are only a way that works for government income generation with low trade, minimal regulations and minimal income tax. Keeping income tax and regulating production causes a drag on any economy and at the current level is destructive, even without tariffs.
Tariffs, historically, can never be imposed without counterbalancing retialation.
CFS, I don’t think The US is so reliant on trade as you do, planned obsolescence in goods and shoddy workmanship is what we receive for the loss of our manufacturing industry. We don’t need those terrible cheap goods that come from Asia as a trade off for quality and some work. The jobs won’t come back but the industry will and it can be taxed. I’m afraid if you think that we can go on printing money without being competitive and building up our industry, then you are not thinking clearly. Trump is only advocating a level playing field and that is all I want but in order to get some of what we lost some tariffs may be necessary. The globalist’s have educated our population to believe this isn’t so, and they will move any industry left to India, China, or anywhere that they can get support for unfair trade practices at the expense of America workers.That may suit you but a country that has no manufacturing base is very poor and desperate. In school they taught us that we must trade to survive but clearly this is not working and our jobs are gone. Artificial intelligence will bring the factories back to be taxed but we must still be smarter in our application of this technology. I don’t think you understand the new paradigm that industry is now facing. A person who thinks our nation can sit at computers and allow China to sell us substandard goods is poorly educated and to use your train of thought stupid. DT
Agree yet again, Mr Tracy!
To clarify this statement I wrote”In school they taught us we must trade to survive” but not at the expense of having our companies move to another country, use their tax laws and ship us inferior products all the while pretending to be American.
You clearly don’t read what I have written about printing money. I would abolish the Fed if I could.
Trump talks about leveling the playing field by tariffs, which is a really ignorant statement, because it can’t be done. Sounds good, but it is rubbish.
He talks about bringing the jobs home, but he has no clue as to how to do it without killing the economy.
Think about how a country creates wealth, because unless a country creates wealth all it is doing is transferring wealth between its citizens.
Agreed, Mr. TRACY.
Hello Doc. What price target do you think pvg will run to on this run . Sincerely. Raymondo
Raymondo; I own PVG and like it—-in fact I added a “tad” to my position earlier this week.
Ray; on this run I wouldn’t be surprised if we get to about 11.60 before we take a rest for awhile. We’ll see. I personally am not going to add at these levels.
I’m not adding PVG now either, but I’m not selling while they are drilling holes up there this summer.
PVG:
News and Media for Jun 30th, 2016
Online Publications3:22 PM
Pretium Resources Inc (PVG) Hits New 12-Month High at $10.98
QuoteMediaNews 52Wk Hi-Lo10:16 AM
Pretium Resources Inc. (Canada) reaches new 52-Week High
Online Publications6:55 AM
Pretium Resources Inc (PVG) Given “Sector Perform” Rating at RBC Capital
Online Publications6:55 AM
Pretium Resources Inc (PVG) Given “Sector Perform” Rating at RBC Capital
Online Publications2:46 AM
Zacks Investment Research Downgrades Pretium Resources Inc (PVG) to Hold
Online Publications2:46 AM
Zacks Investment Research Downgrades Pretium Resources Inc (PVG) to Hold
My analysis:
Price Support Pivot Point Resistance
11.20 10.39 11.02 11.65
Doc, I can understand your point.
Has been pointless voting for some time now. (I guess from 1913?) maybe sooner.
I can never get over George Carlin
“They got a “club” and you aint in it”
Eisenhower, Smedly, we’ve been told repeatedly really.
B, I agree with you completely. They let us vote every 4 years with the illusion that we have freedom and influrence over our destiny. I’ll paraphrase Mark Twain a few years back—“do you think they would let us vote if we could change anything?”
Doc what you think of (( ORVANA Minerals )) ? Thank’s
James, I don’t know much about this company and the fundamentals. Technically this thing is basing and should break out to the upside with time. There’s not a lot of downside any more and reward outweighs risk technically.
My analysis for ORVMF: Note US$
Support & Resistance More
2nd Resistance Point 0.1727
1st Resistance Point 0.1700
Last Price 0.1674
1st Support Level 0.1621
2nd Support Level 0.1569
Probably the best factors with this stock are debt to equity ratio is about .02, and a low price to book.
I got a good laugh from that.
I hadnt seen that one.
I never read Mr Twain tho.
Diss is the Beginning of the END ! And the End off the beginning ! More terror attaks coming !
I vdon’T agrèe Frsnk!
OWL HAVE YOU BEEN IN THE SPIRITS
Time for hooters and scotch….
Distinguish Cardinals and you’re Holiness Pope AL ! Thank’u !
My current analysis for Silver:
Support/Resistance Levels Price
Pivot Point 2nd Level Resistance
19.1823
Pivot Point 1st Level Resistance
18.9367
52 Week High
18.8060
Current Price
18.7780
Current Price
18.5603. Pivot Point
Pivot Point 1st level support
17.95
Pivot Point 2nd Level Support
17.938
Thanks Professor.
.
Hong Kong spike ,l guess the SGE is now working.
Much different than a year ago.
Chinese like fireworks. ..happy 4th.
Of course they invented fireworks and fiat…..
Who believes , Loretta Lynch and Bill Clinton only talked about the weather and grandkids…..
OOTB…I have a bridge for sale in New York…cheap…
7 Reasons It’s Time to Consider Investing in Silver Miners
Company Year-to-Date Performance
Great Panther Silver 293.1%
First Majestic Silver 206.4%
Coeur Mining 200%
Endeavour Silver 181%
Fortuna Silver Mines 175.6%
Pan American Silver 130.5%
Hecla Mining 117.7%
MAG Silver 77.5%
Silver Standard Resources 74.7%
Silver Wheaton 60.5%
Currently for Silver
Price Support Pivot Point Resistance
19.0050 17.9383 18.5603 19.18
If it can blast through the resistance
http://kingworldnews.com/wp-content/uploads/2016/06/KWN-IV-6302016.jpg
The cup and handle is more possible
For gold:
Price Support Pivot Point Resistance
1,333.79 1,308.53 1,319.42 1,330.31
Come on silver, you can do it….
The battle is now on for $1340 gold.
And make no mistake it is a battle.
This is little round top here
Coral gold CLHRF a few days ago:
Coral Gold Resources’ (TSXV:CLH.V). Shares nearly doubled in price on the sale of some of its Nevada properties to a Barrick Gold subsidiary. Barrick Cortez is purchasing Coral Gold’s Robertson Property, which is almost surrounded by Barrick.
Cannot view this video? Visit:https://www.youtube.com/watch?v=JnzUZz9H6Fg
InvestmentPitch.com has produced a “video news alert” which discusses this news. If this link is not enabled, please visit http://www.InvestmentPitch.com and enter “Coral Gold” in the search box.
Properties included in the transaction are the Core, Gold Ridge, Excluded and the RUF mining claims, which cover approximately 8,480 acres, leaving Coral Gold with a portfolio of strategically-located claim blocks along the Cortez gold trend, including the properties known as the Norma, Saas, Eagle and JDN mining claims.
Highlights of the transaction include:
A cash payment of US$15.75 million on closing
The return of 4,150,000 shares of Coral held by Barrick, which will be cancelled
A sliding scale of 1% to 2.25% net smelter returns royalty
In the event the Robertson Property is not placed into production by December 31, 2023, Barrick will begin making advance royalty payments of US$500,000 annually
For complete details please refer to the June 21st news release.Barrick will also assume all liabilities relating to the Robertson Property, and will provide replacement security for the reclamation bond.
David Wolfin, CEO, stated: “On behalf of Coral’s Board of Directors and management team, I am very pleased to announce this exciting transaction which creates immediate substantial value for Coral shareholders through the Cash Consideration and Share Reduction, in addition to the potential for long term value for shareholders through the NSR. Barrick, with its existing mines and infrastructure in the area and proven operational expertise, was always the ideal party to put Robertson into production. With this continued commercial relationship with Barrick through the NSR, Coral shareholders will have the opportunity to participate and benefit from expected future gold production at Robertson, additional resource growth potential at Robertson and will also have economic returns that will substantially improve if gold prices increase over Robertson’s mine life. Upon closing of this Transaction, Coral will have a very strong balance sheet as compared to its very limited financial resources currently, which exposed its shareholders to significant dilution if Robertson was to be advanced in any meaningful way. In fact, as opposed to future potential dilution, and as a result of this Transaction, Coral’s basic shares outstanding will be reduced by 8.7%, preserving the value created for the benefit of the remaining Coral shareholders.”
Management stated that after adjusting for the share reduction, based on the company’s number of shares outstanding, the cash consideration alone is equal to approximately CDN$0.46 per share. The shares closed at $0.34 on June 21st.
The company has scheduled a general meeting for July 22nd, to seek shareholder approval.
For more information, please visit the company’s website, http://www.coralgold.com, call 604-682-3701
Judging by volume, something strange is happening with K.TO and Yamana.
? Hedge fund Dumping? Attack by shorts?
Anyone know?
A Lithium stock, about which I know nothing other than this….
Vancouver, British Columbia (FSCwire) – Noram Ventures Inc. (TSX-V: NRM) (“Noram” or the “Company”) is pleased to announce it has entered into an arms-length binding agreement to acquire 150 mineral claims comprising 3,000 acres, in Nevada’s Clayton Valley. This latest acquisition makes Noram the largest direct holder of lithium claims in the Clayton Valley.
The new claims are contiguous with the eastern boundary of the Zeus Group Claims that form the northern portion of Noram’s South Block Extension (Figure 1). These claims, collectively, are adjacent to and in the same geological formation as Matica Enterprises’ McGee property, where results were recently announced showing an average of approximately 750 ppm lithium from all samples taken over a 1,500 metre long by 700 metre wide area with lithium values as high as 1,420 ppm in the claystones.
Craig Hemke on end of PM Manipulation:
Thanks for posting the Hemke video. He’s still the best at explaining his thoughts on PMs. Scary times are ahead though.
Silver dollar,
I also recommend James Turk, although he talks his book, he makes a lot of sense.
Grant Williams on long-term effects of Brexit…
Turk on the start of the real BULL RUN.
http://www.silverdoctors.com/precious-metals-market-podcast/when-real-gold-silver-bull-market-begins-sell-gold-and-silver-james-turk/
A WARNING AGAINST DRIFTING.
The RealVision video discussed by Grant Williams may be found at:
https://m.youtube.com/watch?v=SDoIbFuKgfU
Enjoy Raoul Pal, a good economist who understands cycles.
Docs! Silver on a tear today! I jumped ship last month into USLV from NUGT. My ASM is up 56%! My USLV is up 12%. Took profits this week on SPXL for myself and SPY for my son’s retirement account (he is 4yrs old). I also do cash and 30 year treasuries for him.