Rick Ackerman and Technicals – Tue 5 Jul, 2016

Treasuries, Gold, Oil and Stocks with Rick

Rick joins pinch-hitting host Chris Temple to discuss the markets as we begin this holiday-shortened week.  While crude oil may be in for more trouble, Rick generally sees the upward momentum for Treasuries and gold — and even U.S. stocks — continuing.

Click download link to listen on this device: Download Show


Featuring:
Rick AckermanChris Temple

Comments:
  1. On July 5, 2016 at 8:43 am,
    CFS says:

    What a difference a holiday weekend can make.

    Will Japan bonds crack first?

    SORELY Central Banks

  2. On July 5, 2016 at 8:45 am,
    CFS says:

    Surely Central Banks must realize the stupidity of their ways sooner or later.

    iPad incorrectness again!

  3. On July 5, 2016 at 8:56 am,
    CFS says:

    We all recognize that bond cycles can be 30 to 40 years long, but all things do change.

    How can a debt problem be solved by adding more debt?
    Ultimately can this not have to lead to a monetary collapse?
    We have never had a reserve currency in history create seemingly unlimited money, but how can this not finally lead to inflation?

    I know money velocity is low, but can it be kept low as central bank balances grow?

    • On July 5, 2016 at 10:00 am,
      Excelsior says:

      Good questions CFS….unfortunately the political and financial elite are flying by the seat of their pants into uncharted waters….. and there is likely a crocodile waiting in the murky waters of their voodoo economics….

  4. On July 5, 2016 at 9:20 am,
    james says:

    Chris ! All the best the new President ! Buy GOLD !

  5. On July 5, 2016 at 9:32 am,
    CFS says:

    General Petraeus vs. Hillbilly Clinton, it helps to know how to be a great criminal.

    • On July 5, 2016 at 1:59 pm,
      Jay Linn says:

      Gen Petraeus is just a boy scout. He still believes in duty, honor, and country. He doesn’t realize how the system is working these days. The press and slimebag lawyers like Hilary are working for the big money, the real power. Petraeus doesn’t have a chance.

  6. On July 5, 2016 at 9:38 am,
    Bob UK says:

    Wow – look at DGAZ.

    • On July 5, 2016 at 5:00 pm,
      Birdman says:

      WTF……Tanzanian up more than 100% in a week???????

      Have the gold buyers gone completely nuts?

  7. On July 5, 2016 at 9:53 am,
    CFS says:

    DGAZ had been oversold a few days, just returning to norm.
    Gold:
    Price Support Pivot Point Resistance
    1,353.46 1,311.70 1,335.30 1,358.90
    Gold heading up with Pt, while silver is just resting, being overbought for a while.

  8. On July 5, 2016 at 10:11 am,
    Markedtofuture says:

    IT IS EASY TO CALCULATE THE FAIR MARKET VALUE OF GOLD – Avery Goodman

    fair value of gold, on June 23rd, 2016 was a little over $5,035.

    http://averybgoodman.com/myblog/2016/07/05/it-is-easy-to-calculate-the-fair-market-value-of-gold/

    Avery B. Goodman is a licensed attorney concentrating in securities law related cases. He holds a B.A. from Emory University, where he concentrated on history and economics. He also holds a Juris Doctorate degree from the University of California at Los Angeles Law School and is a member of the Bar, licensed to practice law in several jurisdictions.

    Mr. Goodman serves on the roster of neutral arbitrators of the National Futures Association (NFA) and the Financial Industry Regulatory Authority (FINRA). His career has consisted not only of prosecuting cases on behalf of clients, but also in sitting in judgment on the cases involving others, and making important decisions on intra-industry and customer disputes.

    An independent investor for decades, Mr. Goodman has observed that markets are being subjected to frighteningly high levels of disinformation. Investors desperately need to hear logic, reason and common sense. For that reason, he is now sharing thoughts with the community.

    • On July 5, 2016 at 10:22 am,
      CFS says:

      But any calculation of ” value” nut based on supply-demand economics, cost of production ,et., is utter crap!

    • On July 5, 2016 at 11:03 am,
      Matthew says:

      Since fiat currencies are just money substitutes (claims on wealth but not wealth itself), Goodman’s equation is a great one, in my opinion. However, I base my investment decisions on more than just an asset’s nominal valuation so I would look at other valuation relationships as well.

      Gold is not cheap now in real terms but since it is very cheap relative to the dollar (and USD denominated debt), it will remain my first choice for savings/wealth storage.

    • On July 5, 2016 at 11:04 am,
      Matthew says:

      Thanks for posting that, Markedtofuture.

  9. On July 5, 2016 at 10:12 am,
    Excelsior says:

    Aurcana has been on the move lately. It is good to see them started to get re-rated and for the marketplace to wake up to the opportunity of their fully permitted and build TX mine, now that their restructuring is complete.

    Aurcana Corporation (AUNFF)
    0.3481 Up 0.0892(34.44%) 12:38PM EDT

    Maybe the marketplace is starting to follow up on these turnaround stories like Aurcana, Jaguar Mining, Alexco, Nicola Mining, Aureus, and Luna Gold. I love getting in these sleeper stocks early when everyone has left them for dead, but forgets about the real value tied up in their assets. When the marketplace finally does evaluate their idled projects, permits in place, and infrastructure on site, then their share prices can jump substantially on that “Ah Ha” moment.

    • On July 5, 2016 at 10:27 am,
      CFS says:

      I agree, Excelsior, there are many stocks that have had tens of millions of dollars spent on exploration, that went down as the tide went out, and which will rise disproportionately as the tide comes back in.

      • On July 5, 2016 at 10:47 am,
        Excelsior says:

        Absolutely, there are many great exploration companies that have been thrown out with the rest of the sector, but what impresses me about the companies listed above is that they actually have infrastructure built, and have fully built mines or mills that are on standby waiting for higher prices. They were sold down way below their peers just because they put projects on hold (rather than continuing to mine ore at a loss). In the interim, these companies have trimmed the fat, optimized recovery rates, and are ready to rock n’ roll when prices come back.

        I expect many will pop substantially when they announce they are going back into production. In Alexco’s case they also have the environmental business, Jaguar has operating mines – but still has the 3rd mining complex on standby, and Nicola Mining just starting tolling ore from other mines, but still has it’s mine on standby. Luna Gold and Aurcana were producing from their mines, but put them on care and maintenance when metal prices dropped…..but now that metals prices are creeping higher…… (as far as the restarts it’s not a question of “If?”; it’s a question of When?)

        • On July 5, 2016 at 1:02 pm,
          Excelsior says:

          Glenfidish – hope your smiling today……. 🙂

          Aurcana Corporation (AUNFF)
          0.3552 Up 0.0963(37.18%) 3:35PM EDT

          • On July 5, 2016 at 1:03 pm,
            Excelsior says:

            your should have been you’re (yes I know the difference)…..

          • On July 5, 2016 at 1:38 pm,
            Matthew says:

            Ex, Aurcana finished down 9.8% on the TSX-V on heavy volume (1.64 times the 90 day average).

          • On July 5, 2016 at 2:23 pm,
            Excelsior says:

            Hmmm, Well maybe Aurcana was also playing catchup then from our markets being closed yesterday. Did Aurcana have a really big move yesterday then?

            All I saw was 6 times the trading volume and it closed up over 36%, so that made me a happy camper and I did a little trimming.

            Aurcana Corporation (AUNFF)
            0.3523 Up 0.0934(36.08%) 3:52PM EDT

            Volume: 216,022
            Avg Vol (3m): 35,620

          • On July 5, 2016 at 2:27 pm,
            Matthew says:

            It was up as much as 57.68%. Does that qualify? 😮

            😉

          • On July 5, 2016 at 2:37 pm,
            Excelsior says:

            Yeah….that was a big move, and the pullback today on the Canadian makes sense. I guess this move on the OTC took that into account.

            I completely ignored the markets until this morning, because I was floating in the ocean with my lady, drinking high gravity beers, and eating great seafood in Charleston, SC.

            Apparently I’m a day behind you with my excitement, because many of my stocks in the OTC were up very nicely today, (because of the catch up to primary tickers from yesterday). Maybe tomorrow both sets of tickers will be green at the same time….

          • On July 6, 2016 at 7:30 am,
            Excelsior says:

            There ya go….. both Aurcana tickers in the green with a nice cha-ching.

            Aurcana Corporation (AUN.V)
            0.50 Up 0.04(8.70%) 10:11AM EDT

            Aurcana Corporation (AUNFF)
            0.3872 Up 0.0349(9.90%) 10:04AM EDT

    • On July 5, 2016 at 10:40 am,
      Excelsior says:

      Here’s a 6 month Chart showing some of the “Turn-Around” miners with projects on care and maintenance, that have restructured or lowered their costs, and have a bright future ahead of them (and the marketplace is starting to wake up to this fact).

      Aurcana, Luna Gold, Jaguar Mining, Alexco, Nicola Mining

      http://stockcharts.com/freecharts/perf.php?AUNFF,LGCUF,JAGGF,AXU,NIM.V&n=200&O=011000

      • On July 5, 2016 at 11:00 am,
        CFS says:

        I like Luna, plus there is news….
        Price Support Pivot Point Resistance
        0.1640 0.1317 0.1567 0.1817

        Sandstorm’s royalty partner Luna Gold (OTCPK:LGCUF) has entered into an exploration agreement with large-cap gold miner AngloGold Ashanti (NYSE:AU), a $6+ billion gold miner which is the third-largest gold miner in the world based on production volume, as it produced close to 4 million ounces of gold in 2015.

        AngloGold will explore the greenfields mineral claims (1,702 square kilometers) surrounding Luna Gold’s past-producing Aurizona gold mine in Northern Brazil.

        Under the terms of the agreement, AngloGold has the ability to invest $14 million in exploration expenses over a four year period, including a minimum of $2 million in the first year; if it spends the full $14 million, it will earn a 70% interest in the minerals claims.

        • On July 5, 2016 at 11:08 am,
          Excelsior says:

          Nice. Thanks for the update on the AngloGold Ashanti JV.

          Yes, I felt good with Sandstorm having their back,and most don’t realize that Sandstorm has already turned a profit on this transaction. Initially Sandstorm took it in the shorts when Luna had challenges at the Aurizona mine, but after restructuring things, they came out just fine. Nolan Watson discussed this in some interview with Kitco at PDAC, and clarified their position and belief in the project in the mid to long-term.

          • On July 5, 2016 at 11:18 am,
            Excelsior says:

            Marc Leduc, President and CEO, stated, “We are very happy to have one of the largest gold producers in the world, AngloGold Ashanti, join us in this exploration project. This clearly demonstrates the outstanding geological potential of the greenfields claims. In the current difficult market of the gold industry, AngloGold Ashanti has committed a considerable amount of funds to our exploration areas and our prospective ground. We are happy to team up with AngloGold Ashanti who have considerable exploration experience in similar Precambrian geological
            terranes and an outstanding track record as one of the best mine operators in Brazil.”

            He also added, “This exploration agreement will also allow Luna to focus on the redevelopment and restart of the Aurizona Gold Mine while maintaining a significant exploration program in the greenfields areas.”

            file:///C:/Users/C14519/Downloads/2016%20May%2027%20AngloGold%20Ashanti%20JV%20Deal%20FINAL.pdf

  10. On July 5, 2016 at 10:27 am,
    Bob UK says:

    I think someone is running the stops on gold prior to another smack-down. Not chasing it here.

  11. On July 5, 2016 at 10:45 am,
    Blue says:

    What do you think guys, about the silver price? Is it going up this fast, like this author thinks? 23 usd/oz in a very short term and 57usd/oz next year?

    http://www.silver-phoenix500.com/article/silver-price-independence-day-breakout

    • On July 5, 2016 at 11:42 am,
      CFS says:

      I don’t see Ag moving fast.
      Next attempt looks it will stall at about $20.62 and then pullback again.

      We are in a bull market though and it should end the year much higher than now.
      There is a natural pace to everything, no matter what we may wish!

    • On July 5, 2016 at 11:44 am,
      Temple says:

      More than one report I’ve seen suggests silver is the latest “beneficiary” of Chinese speculators/trading houses trying to manufacture some trading profits – just as with depressed iron ore, among others, earlier this year.

      • On July 5, 2016 at 11:54 am,
        Bob UK says:

        That would not be good Chris for the silver price – didn’t loads of people get badly burnt when the iron and steel bars got pumped and dumped?

        Looks like China was pumping silver overnight though. It would not surprise me to see similar tonight.

        • On July 5, 2016 at 12:33 pm,
          Excelsior says:

          There is an interesting Commodities chart on this article and it highlights Silver, so this seemed like a good thread to post this:
          _____________________________________________________________________________

          INFOGRAPHIC: Silver skyrockets post-Brexit, energy is back!
          Visual Capitalist | 29 minutes ago

          http://www.mining.com/web/infographic-silver-skyrockets-post-brexit-energy-is-back/

          • On July 5, 2016 at 12:34 pm,
            Excelsior says:

            Personally I don’t think the rise in Silver is just because of the Brexit, but the article had some good stats.

          • On July 5, 2016 at 12:50 pm,
            irishtony says:

            EX..I beat you to it …See below……….HaHa

          • On July 5, 2016 at 12:55 pm,
            Excelsior says:

            IrishTony – I’ll tip my hat to you sir 😉 (sorry I didn’t realize it was the same link)

        • On July 5, 2016 at 3:09 pm,
          Temple says:

          Yes – though like Mish Shedlock and I said this afternoon, at least there is a legitimate bull market in silver on which these speculators are piggy backing; unlike with iron ore or, arguably, copper earlier

          • On July 5, 2016 at 3:27 pm,
            Excelsior says:

            Good point Mr. T. I the iron ore spike was speculation, and the Silver Bull market is tied to the rise of Gold, and both Silver and Copper are in sync with the continued electrification of the world.

  12. On July 5, 2016 at 11:01 am,
    FranSix says:

    Adam Hewisin kicks off today’s blog with a gold chart analysis and the resons why he thinks the gold market train has left the station:

    http://club.ino.com/join/videos/latest/?vidid=club-mc_update_20160705&mkt=freetrial-blog1pm0705

    • On July 5, 2016 at 11:51 am,
      Matthew says:

      Sprott’s technicians agree that gold is going higher (as do I).

      http://talkdigitalnetwork.com/2016/07/this-week-in-money-53/

      I disagree with Adam Hewisin that gold is very overbought but it still might need some time to let the MAs catch up. Such a pause seems more likely to occur after another move up – perhaps another two percent.

      • On July 5, 2016 at 11:51 am,
        Matthew says:
        • On July 5, 2016 at 12:53 pm,
          Excelsior says:

          Another nice day for Jaguar Mining…..up 22%

          Jaguar Mining Inc. (JAGGF)
          0.4280 Up 0.0780(22.29%) 3:36PM EDT

          • On July 5, 2016 at 12:59 pm,
            Excelsior says:

            Brian – if you are out there; I just wanted to say thanks again for posting about Sabina Gold & Silver the day it dropped. I averaged down over those next few days and am up handsomely now. At the time I posted this would be an easy snap back gain.

            It rose a little at the end of last week, but popped nicely today:

            Sabina Gold & Silver Corp. (SGSVF)
            1.07 Up 0.18(20.22%) 3:40PM EDT

          • On July 5, 2016 at 1:41 pm,
            Matthew says:

            JAG finished down 2.68% in Canada. You pink sheet players are enjoying what happened yesterday while the U.S. was closed.

            Typhoon jumped 44.44% today on the TSX-V.

          • On July 5, 2016 at 2:20 pm,
            Excelsior says:

            Oh, I didn’t check the main ticker, and it was just refreshing to see Jaguar on the move (even if it was just catch up). Maybe one day I’ll swim with the big fishes…..

            As for Typhoon – no movement today on the OTC. Maybe it will play catch up tomorrow…. Check out the disparity in the pricing on the 2 listings:

            TYPHOON EXPLORATION (TYPFF) -Other OTC
            0.05 0.00(0.00%) May 5

            Typhoon Exploration Inc. (TYP.V) -TSXV  Watchlist
            0.13 Up 0.04(44.44%) 3:32PM EDT

      • On July 5, 2016 at 12:29 pm,
        Excelsior says:

        Waiting For A Dip To Buy Gold? Don’t Wait Too Long
        Tuesday July 05, 2016 10:01

        http://www.kitco.com/news/2016-07-05/Waiting-For-A-Dip-To-Buy-Gold-Don-t-Wait-Too-Long.html

        • On July 5, 2016 at 12:38 pm,
          FranSix says:

          Sorry, Hewisson. Adam Hewisson.

          • On July 5, 2016 at 2:54 pm,
            Excelsior says:

            Interesting video FranSix. I’ll be keen to see if Gold can make it to the 1390+ level he discusses.

  13. On July 5, 2016 at 11:18 am,
    CFS says:

    Thanks, Fransix, there’s certainly very heavy volume in August futures, GCQ16,

    I don’t know if Au can go past $1360 soon though.

    Price Support Pivot Point Resistance
    1,355.77 1,311.70 1,335.30 1,358.90

    I think we get a small pullback first.

  14. On July 5, 2016 at 11:19 am,
    Marty says:

    Cliff High’s Web Bot seeing Ag – $20 up days, $500 up days in Au.

  15. On July 5, 2016 at 12:01 pm,
    irishtony says:
  16. On July 5, 2016 at 12:03 pm,
    james says:

    Theresa May New PM Great Britain ! A real New World Order plant !!!!

    • On July 5, 2016 at 12:07 pm,
      irishtony says:

      james. Yes another Yes boss insider.

    • On July 5, 2016 at 12:20 pm,
      CFS says:

      She’s hardened her stand on negotiating Brexit, which is good. Britain’s position is much stronger than folks realize.

  17. On July 5, 2016 at 12:06 pm,
    irishtony says:

    The Clintons get another , Get out of jail free card…Talk about Fecking corruption.
    http://www.zerohedge.com/news/2016-07-05/fbi-recommends-no-charges-against-hillary-clinton

    • On July 5, 2016 at 12:35 pm,
      OOTB Jerry says:

      What a joke…unbelievable.

      • On July 5, 2016 at 12:40 pm,
        OOTB Jerry says:

        Armstrong called

        • On July 5, 2016 at 12:40 pm,
          OOTB Jerry says:

          It.

        • On July 5, 2016 at 12:46 pm,
          Excelsior says:

          I thought Armstrong gave you a call OOTB. I was going to ask how he and Socrates were doing? 🙂

          • On July 5, 2016 at 2:41 pm,
            Excelsior says:

            until you added the word “it”.

          • On July 5, 2016 at 3:15 pm,
            OOTB Jerry says:

            Good one…l see you were relaxing in Charleston …….did you go to Folly or Isle of Palms

          • On July 5, 2016 at 3:24 pm,
            Excelsior says:

            I went to Folly Beach, Isle of Palms, and Sullivan Island beaches. We also hung out in the downtown on King’s Street a few times. It was very hot, but a lot of fun. A city that is rebuilding and reinventing itself, but keeping the historical pieces that put it on the map in the first place.

          • On July 5, 2016 at 3:37 pm,
            OOTB Jerry says:

            We lived there four years,while my son was going to C of C, thought about retiring there ,but to expensive and l was an unwelcome Yankee.

          • On July 5, 2016 at 3:43 pm,
            Excelsior says:

            I was impressed with the city and had never traveled there before. Most of the restaurants and businesses we went to in the downtown were under 5 years old and they were gutting the old buildings, renovating, and doing new build outs on about 20 other commercial spaces on Kings street. There were about 7 cranes doing construction projects on Friday, so I believe it will emerge in the next 5-7 years with a new identity.

            Yes, Yankees are unwelcome in the South (but I notice they still take my money)….but unwelcome Yankees leave. I’m one of the “Damn Yankees” that stayed, but after living here 20 years people now give me a pass 🙂

          • On July 5, 2016 at 4:14 pm,
            OOTB Jerry says:

            Charleston does have some of the best food you will find.

          • On July 6, 2016 at 5:44 am,
            Excelsior says:

            Absolutely! We ate like champions several times each day, and then would pass 5 more restaurants that also looked amazing. The waiter asked if he could get us anything, and I asked for a second stomach.

          • On July 6, 2016 at 7:17 am,
            OOTB Jerry says:

            :-)…… watch for double tummy……

        • On July 5, 2016 at 2:37 pm,
          Gator says:

          Our gov’t is corrupt to its core..only a revolution by the people can fix this

          • On July 5, 2016 at 3:10 pm,
            OOTB Jerry says:

            Ditto

  18. On July 5, 2016 at 12:12 pm,
    AJ says:

    You can’t make this stuff up

    OMG: EY and KPMG to negotiate Brexit
    http://www.taxresearch.org.uk/Blog/2016/07/05/omg-ey-and-kpmg-to-negotiate-brexit/

    • On July 5, 2016 at 5:03 pm,
      Birdman says:

      Better the accountants do it than the Royal Navy and Air force.

  19. On July 5, 2016 at 12:39 pm,
    Excelsior says:

    Victoria Gold Purchases Construction Camp and Reduces Upfront Construction Capital
    TORONTO, ON–(Marketwired – July 05, 2016)

    http://www.juniorminingnetwork.com/junior-miner-news/press-releases/1095-tsx-venture/vit/21840-victoria-gold-purchases-construction-camp-and-reduces-upfront-construction-capital.html

  20. On July 5, 2016 at 2:12 pm,
    James The Lesser says:

    $1340 going twice!

    Be prepared… The dark side is about to unleash the gates of hell against gold these next 24 hours.

    And this is not drama or hyperbole.

    They will try everything from attacking gold with shorting, false flag event, propaganda, raising margin requirements.

    They know their time is short.

    If we get through to the other side it is full speed ahead.

    It will be a long night.

    La lunga notte!

  21. On July 5, 2016 at 7:54 pm,
    Dick Tracy says:

    Gold is now $1782.15 CDN, closing in on $1800,by the end of this week it will reach this target. DT

  22. On July 5, 2016 at 8:03 pm,
    James the Lesser says:

    agreed, hopefully

  23. On July 5, 2016 at 8:22 pm,
    Glenfidish says:

    Gold pushing on hire!

  24. On July 5, 2016 at 8:58 pm,
    James the Lesser says:

    its going to be a long night.