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A focus on the Exeter and the Rye Patch charts

July 12, 2016

We are switching up the format with Rick for our future interviews. This switch will have us focusing more on specific charts of companies. We will still gets Rick’s opinion on the general markets but only when his outlooks change. Today we will focus on the charts of Exeter Resource (TSX:XRC or NYSE-MRK:XRA) and Rye Patch Gold (TSX.V:RPM or OTCQX:RPMGF).

Click download link to listen on this device: Download Show

Discussion
97 Comments
    Jul 12, 2016 12:56 AM

    Does anyone really think Rick is going to trash your stocks?

    Hey Rick, what do you think of my wife’s new hairstyle?

    Come on guys lets get real.

    Bad idea to have Rick start talking about individual stocks that people on this blog own in my humble opinion.

    Go back to the macro environment and the micro will take care of itself.

    This is definitely a conflict of interest and I will no longer be listening.

    Caio

      B
      Jul 12, 2016 12:20 AM

      LOL James, you do have a point.
      But I also think Rick has a little bit of integrity too. lol

      Just kinda interesting to hear Ricks opinion on some shares, this place tried that awhile back when they asked for suggestions, didnt go over for some reason.

        Jul 13, 2016 13:54 AM

        I enjoy listening to Rick’s analysis of individual stocks, and appreciated hearing about Exeter and Rye Patch as examples.

      Jul 12, 2016 12:37 AM

      People who huff off like a spoiled brat over one perceived slight aren’t worth keeping anyway. Don’t let the door….

        Jul 12, 2016 12:35 AM

        marty
        exactly!!!!

        Jul 12, 2016 12:17 PM

        Agreed Marty

    CFS
    Jul 12, 2016 12:03 AM

    The interesting thing today is that London and US INVENTORIES OF PHYSICAL SILVER ARE AT ALL-time lows.
    So the bullion banks are heavily attacking GOLD today in the hopes that silver will go down in sympathy.

    Jul 12, 2016 12:09 AM

    I was in the middle of posting in response to Velma yesterday and
    had a interruption for several hours so I was going to say silver is
    always the last metal to run and when it goes parabolic a correction
    will be in progress soon thereafter.

    Looks like thats what we are seeing and missed shorting this market
    last several sessions. I’m with Velma and the PM’s look very risky.

    That could change unless something remote happens. The trend is
    down and could be a substantial correction in progress.

    All I see is bulls. In fact, I have never seen so much bullishness in my
    life. Every newletter article is wildly bullish.

    Anyway, the odds favor the bears and Velma in my opinion is most likely
    correct.

      Jul 12, 2016 12:21 AM

      The analyst’s here, I have no idea what their looking at but they
      are consistently wrong. Won’t mention any names but if you
      did the opposite of their recommendations and beating around
      the bush you would have made money every time.

      By the way Martin Armstrong says we will most likely be in a
      major catastrophic war by Feb. 2017 at the very latest.

      You guys will be wrong about that too. PM’s will not fair well
      after the dust settles. Major declines are in the cards. War is
      never positive for gold. Very negative because nations must
      sell to raise cash.

      You guys are way too bullish. Its getting ridiculously stupid.

      B
      Jul 12, 2016 12:28 AM

      In canadian we been bounceing close to the all time high for awhile.
      When you cant get thru a resistance it can mean your goin down.

      Here is the “kicker” goldshares have been priced for $700 gold, thats where the herd kinda figurd it was going for a long time so it kinda got “priced in”.

      Remember Doc sayin “shares shouldnt drop much even if gold does”?

      Last couple days golds gone from about 1785 canadian to this moment 1730, my shares, pretty much the same if not exactly the same as they were a few days ago.

      IMO, these things are gonna fly when gold moves higher.

        Jul 12, 2016 12:34 AM

        I disagree. We are moving into a major correction. The smart
        money purchased back in Jan. And Dec last year. They have
        major profits on the table and the bag holders will be the one’s
        still dreaming and getting in too late to make money.

        Thats how it always is. Unless something remote happens.

        Living on fate is a very bad idea.

          B
          Jul 12, 2016 12:52 AM

          Maybe Jake, but there are alot of people thinking gold looks pretty good.
          “Major profits on the table”, I suppose, Bob M has said repeatedly “take the profit” some people will never learn I guess.

          I guess you can disagree that goldshares were not priced for 700 gold but I believe they were and thats a major contributor to this run up.
          And as I said, even with gold dropping today, my shares are not.

          Altho, the kitco list is lookin kinda redish around the eyes.

            Jul 12, 2016 12:05 AM

            Well b, just be careful. Listening to the masses most likely
            will cause major financial losses.

            If you are in for the very long term but mining shares IMHO
            are very risky. We all know at some point the system is going
            to lock up. Its no secret. PM’s offer the best protection when
            held physical in hand.

            So everyone pays their money and takes their chances.

            B
            Jul 12, 2016 12:42 AM

            Jake, lol, the entire system is corrupt from top to bottom.

            To describe a little more risk, mines collapse, lol need more?
            lol, yes its risky, it is freakin risky, I or anyone that knows anything about mining could list risk after risk.
            Its a gamble my firend, ya pays ur money roll the dice kiss the girl and cross ur fingers.
            Informing oneself Reduces Some risk, and sometimes thats enuff to git a payoff, sometimes its not.
            Now, with all that risk, sometimes we get a good payoff, like a payoff of 1/2 cent to 14 cents in about a week, alot of people around here can name 1 or 2 of those, there are also 100s of % in a few months, none too shabby, but YOU BET, its risky. lol.

            We could get nuked at any moment Jake, quit taking life so serious.
            Once its over not too darn much will matter, have some fun.

            Try printing the kitco list, pin it to a wall, blinfold urself and throw a dart, bet on the one you hit.

            If you did that anytime from about 3 months ago your way up. lol
            Risky as heck.

            My attitude is obviously my own, I just dont feel taking total coruption too seriously.
            Others obviously use systems that make enuff to make it serious for them.
            Im glad I just gamble and dont actually need to win.

            Gives me an edge maybe? lol

            Jul 12, 2016 12:58 AM

            I feel ya b. No doubt, you have bullseye hits on
            every subject except one.

            The one, everyone would rather turn their head
            and look the other way.

            If you saw your house was on fire you would get
            up and start making preparations to stop the fire
            or evacuate. The point is, the opportunity still exists
            to prepare spiritually for the calamity.

            That’s a whole nother subject but we all have the
            individual responsibility to choose.

            I’m in the same category and we need to make wise
            choices. Anyway, IMHO. Everyone has their own
            opinion and if they are wrong. Well, you know what
            can happen

    CFS
    Jul 12, 2016 12:18 AM

    Trader Jake, there seems to be a rotation into base metals. We were warning gold and silver were over-bought. They will take a rest.

    Look at e.g. VALE and FCX today.

      Jul 12, 2016 12:25 AM

      CFS, looks likely a major correction is on the way with fake out
      rallies. I have to agree with Velma. The bullishness has gone
      mad in my opinion. We should be climbing a wall of worry.
      Instead, every newsletter writer is – wild bullish.

      Odds favor the bears for a big correction. IMHO

        Jul 12, 2016 12:04 AM

        Even CNBC commentators have gotten super bullish on gold and calling for $1525 recently. It smells like a correction is due to give around half the rally.

          Jul 12, 2016 12:35 AM

          CNBC is a almost proven solid contrary indicator.

          Bar none. The correction could get nasty.

          Unless of coarse you live on fate and dreams.

    Jul 12, 2016 12:22 AM

    Once again everything I said has happened.

    I made it clear as gold approached, and eventually took out my key $1340 that the dark side (and make no mistake, they are the dark side) would unleash the gates of hell against gold.

    And sure enough they have.

    First their was the series of margin hikes.
    Then their was the NFP false report.
    Now the propaganda wing of the FED is out in full force once again talking up interest rate hikes.

    Exactly what I said would happen.

    First their was Esther George of the Kansas City FED, they started with the back benchers first, she didn’t even get a three day junket to Vegas though, she spoke at some lunch in Missouri.

    Then the A team came out,

    Loretta Mester, in AUSTRALIA, YOU CANT MAKE THIS CRAP UP, came out and said she expects rates to rise.

    Then Bullard, in St Louis said he too expects rates to rise.

    To top it all and put the icing on the cake Ben Bernanke himself, the grand poo baa goes to Japan to make them and offer they can’t refuse.

    And their it is.

    The gold rally is squashed, and stocks fly.

    Mission accomplished.

    They submarines gold back under the key $1340 level.

    The gates of hell were truly unleashed.

    More QE is on the way.

    Once again this will kill gold, because as I said yesterday it isn’t about deflation, inflation, correction, manipulation, or anything else – it is back to the same old theme – stocks are doing great so who needs gold.

    That’s what these last few years have been about and this is what will continue now.

    Don’t worry about it, Pokemon and free Slurpees will save the economy.

    As long as everyone has a cell phone, can take snap chats, and find imaginary items everything is wonderful!

    Earnings? We don’t need to stinkin earnings!

      Jul 12, 2016 12:34 AM

      Ya know, James. Sometimes you make too much sense.

      CFS
      Jul 12, 2016 12:37 AM

      June tax receipts do indicate earnings dropping.who needs facts, when you’re feeling goooood.

    CFS
    Jul 12, 2016 12:23 AM

    Silver is still overbought heavily, but gold less so now with its $20 correction.

    Jul 12, 2016 12:29 AM

    Gold will trade in a range for another year. The explosion will not occur until about
    2018. Anything else is pure pipe dreams. War is coming too. Survival is going to be
    KEY.

      Jul 12, 2016 12:13 AM

      Trader Jake…I’m glad I didn’t listen to your bearishness a couple hundred bucks ago. You were CERTAIN new lows were coming – sub 1000…940ish I think you said? Corrections happen. Always did, always will. Will this be it? Who knows. Buy healthy dips. We’re in a secular bull.

        Jul 12, 2016 12:24 AM

        Sorry Jerryck, you got me mixed up with someone else.

        I was bearish all the way down to 1200 and change many
        weeks or could be almost 2 months now. I stated gold would
        collapse and it did with almost uncanny perfect timing.

        Then I said the gold bulls have the higher odds in a move
        higher. Even said 1400 was a very good possibility.

        We may have already topped out. Fake out rallies are not
        out of the question.

        The bullishness is wild out there. So, everyone must do what they
        deem best. The odds favor the bears. IMHO.

        Remote possibilities are not out of the question.

          Jul 12, 2016 12:29 AM

          My memory is fine

            Jul 12, 2016 12:40 AM

            Your judgment is misplaced. I posted the decline and said it would
            be a smack down and we almost touched 1200 from 1370.

            Then at 1200 said the bullish case has the higher odds of 70 %.

            Those are the undisputed facts, otherwise prove it.

            Jul 12, 2016 12:43 AM

            BTW, we are in no bull market for gold. IMHO.

            Enjoy the major correction. Odds favor the bears.

            Unless we have a remote event. Thats fate !

            And hope. You know what hope did. –0–

            Jul 12, 2016 12:50 AM

            Have a great day trader jake!

            Jul 12, 2016 12:54 AM

            You too Jerryck and your senior moments
            should be watched more carefully.

            Jul 12, 2016 12:58 AM

            My memory is fine

            Jul 12, 2016 12:03 PM

            Then your lying and there are posters in here that
            may remember what I said.

            Go back and dig up the posts if you believe in your
            own lies.

            I know what I said. The burden of proof is on you.

            Its all there in black and white.

            Jul 12, 2016 12:09 PM

            IMHO ….the bullishness we see now is a fraction of what this market could eventually see. Many people in my social community were talking about the metals in 2011. That was bullishness. They stopped quickly. That will happen again, it will be a multiple of what we see now. When unsuspecting friends are telling what mining stocks they were told to buy and what I should buy, then maybe I’ll sell. Everything else is noise.

            Jul 12, 2016 12:25 PM

            With your poor memory and accusations, you must
            be very green around the ears and toes as well.

            Enjoy your hopes and fate. The odds for the bulls is
            less than 30 %. If you can live with those odds you
            are worse off than a compulsive casino gambler who
            has the higher odds. For now anyway. That could
            change and it will. Odds favor a substantial decline.

            Gold, are not equity assets that are pumped 24/7
            by every boiler room operation to mankind.

            There has been a lot of insider buying since the
            bottom who are making millions and millions.

            They are not going to leave those profits on the
            table. The bag holders always get stuck because
            they were too late to the party. 85 % chance there
            is going to be major selling.

            Do what you deem to be true.

            Jul 12, 2016 12:25 PM

            Jake…in the past 15 years, gold holders have enjoyed their holdings much more than dollar holders have enjoyed their pleasurable returns. In the long run, I see no change. Short term???…who knows.

            Jul 12, 2016 12:47 PM

            We are definitely in a correction. How deep, and yes who knows.

            Mining shares are extremely risky like I have advocated. We are
            going to experience a very devastating financial crisis soon and
            thats no secret unless one lives in a cave with no communications.

            I like physical silver in hand. Said this all the way back a few months
            ago when it was 14.50.

            When this correction runs its course I believe buying silver is the best
            long term hold. Also, next year could see more opportunities in buying
            PM’s. This is a war and its far from over anyone making bets on the long
            side buying shares or otherwise. Extreme volatility is what I’m predicting
            until 2018 and somewhere around that time PM’s will literally explode.

            From what levels is unknown. Could be 800 gold or 1500 gold. Pick a
            number. Unfortunately, I do not know. A wild guess maybe 1100.

            I’m not a gambler. Patience is my game plan until next year. If silver
            collapses and there is a good chance it does, backing up all the trucks.

            If I do buy, my odds are always 100%. Maybe not on this investment in
            silver long term but it will be very close to a huge bottom. Any trading
            I do is a 100%. I do not chase trades or investments for gain because
            I’m desperate to pay bills or buy the next best toy. Ya gotta be in —-

            TO WIN. ! No gambling here.

            Jul 12, 2016 12:58 PM

            We have a major war in the works and it won’t be confined to
            just overseas. Americans are going to soon wake up to their
            worst ever nightmares. Unrecoverable major collateralized
            damages and loss of life.

            We are on the cusp of full annihilation.

            Jul 12, 2016 12:35 PM

            Jerryck

            You have a long ways to go towing this line. Any financial crisis
            and I guarantee its coming due soon. The DJIA hitting new highs
            means we are a lot closer to a collapse because look at history.

            Everytime, the good times turned on a dime and black swan hit
            the markets. This time is no different.

            You are in a war especially with mining shares. A very risky bet
            long term.

            Its going to be a very rough ride and mining shares will evaporate
            with the whole system. Physical no.

            If your in mining shares for the long run, you have just made a fatal
            miscalculation. Silver is exceptional and has the safety built in with
            the greatest profit potential. Physical in hand though.

            Man, if it’s not in your possession all PM’s you will have —0—.

            You have bought into the hype. All paper is going to burn. Enjoy
            the profits and looks like a serious correction too.

            Also, take a look at just before the financial collapse of 08. Gold
            was doing well HUI was over 400 and not wasting much time it
            all crashed. HUI hit 180 I believe, going off memory. Or 150.

            These markets can turn on a dime and miners are just paper that
            will go down with the USSA titanic. –0–.

            Not the physical silver though. Built in safety and you have high
            leverage. The choice of Champions.

            Jul 12, 2016 12:45 PM

            I completely agree about physical.

            Mining, for the most part, are not a long term investment.

            Jul 12, 2016 12:14 PM

            Jekyll Island financial crisis physical silver is
            the connoisseurs choice. No paper to burn and
            on auto pilot. Just can’t beat a good nites sleep.

            Ah, sleep well !!!

    CFS
    Jul 12, 2016 12:34 AM

    James the Lessor, I understand your thesis, but data carries TWO pieces of information…..price and volume.
    Every one focuses on price, because that’s easy.

    Volume on gold and silver and PM STOCKS is not saying this is the start of a bear market.
    It is saying, loudly, this is a correction to PMs being overbought.
    For now anyway.
    Margin call and lemming behavior of investors can change things.
    The nice thing is that we will find out relatively soon, if we just wait a week.

    CFS
    Jul 12, 2016 12:43 AM

    London LBMA,which is out of silver, closed.
    So, surprise, surprise here comes the attack from the US.

    Asia will be buying it up tonight.

    Jul 12, 2016 12:47 AM

    What an amazing run for PMs! Every time it looks like their rolling over, it’s just a little pullback and PMs and related stocks move higher. I’m pretty convinced that we have entered a bull market now, and expect this pullback to be a small one, just to get the technicals back in order for another run up. However.., so as I think it’s a bull, they’ll probably open the friggin trap door! Grrrr
    The wildcard for the PM stocks is the NYSE. It’s just too due for a clobbering. This double top could be all she wrote for the NYSE..
    QE?? Nope! Ain’t gonna happen!

    CFS
    Jul 12, 2016 12:49 AM

    http://www.kitcosilver.com/charts/24hoursspot.html

    Just note the timing, which exchanges are closed, or open……tells a lot.

    CFS
    Jul 12, 2016 12:54 AM

    Mr. Moriarty; you can tell me there’s no manipulation.

    Cory and Big Al, I’m fine if you just pick a couple of stocks for Rick to analyze each day.
    I will be listening. Just feel free to tell me to stop writing if I seem to do too much.

      Jul 12, 2016 12:19 AM

      Mr. Moriarty likes to believe in his own snake oil.

      Why do central banks own gold. Only to manipulate
      the price. Not to mention the banks have openly
      admitted to front running short sales illegally. Paying
      fines and as guilty as a ruthless serial murderer.

      The book ” Nobody doesn’t know anything ” is a
      scam. Many analysts have been accurate with
      equities bull market and bear in gold.

      Except for Mr. Moriarty. I think his book is really
      referring to him, not knowing anything.

      People have lost fortunes in his gold pumping
      worthless explorer shares over 6 years.

      Most were delisted and end of story.

      The book should be an apology for how and why
      he knows nothing and wrong.

      Still, people believe in this snake oil. Fools are
      born everyday and if you lost money in gold in
      the past and are not prosperous the best thing
      you can do is — WISE THE HECK UP !!!!

        Jul 12, 2016 12:43 AM

        Another scam artist is Steven Jon Kaplan.

        He’s the leader of scams. Highy deceitful
        and misleading. You will lose money listening
        to him. But this site promotes him anyway.

        As the old saying goes, fools are born everyday.

          Jul 12, 2016 12:14 PM

          You are wrong as we do not promote him
          He is simply a guest

            Jul 12, 2016 12:36 PM

            Okay, did not know how it all works.

            He lacks much integrity and untrustworthy.

            Guys like Chris Temple and Rick Akerman
            are on the high end of the scale.

            That guy is on the very low end.

            I

        Jul 12, 2016 12:28 PM

        CFS: We just had the biggest climb in gold stocks in history. I will now admit clearly someone has manipulated the HUI up 175%.

        Jul 12, 2016 12:32 PM

        TJ:

        The gold derivatives are 1% of what the interest rate derivatives are. I can’t even speak of the silver derivatives because the BIS doesn’t even count them. Anyone still believing that central banks really care about the price of gold can’t add or can’t think.

        Central banks own gold for the same reason individuals do. It’s an insurance policy. They give a rat’s ass about the price. Why would they bother manipulating such a tiny market?

        I guess you weren’t buying Silvercorp at $.63 like I was.

        I was telling people gold was at a bottom in May of 2001 and silver was at a bottom in November of 2001. Anyone who has lost money has lost money through their own efforts.

          Jul 12, 2016 12:13 PM

          Robert, there is no denying you have had your share of
          good calls but the bad has out weighed the good by a
          significant margin. In the mean while, analyst’s on CNBC
          had made accurate market calls with bull run in equities.
          Even said to stay far away from gold when it peaked in
          2011. So now , the gold promoters like yourself back
          away and realize gold is on a very bumpy ride down. Then
          a few years later, back in there promoting your explorers
          who have been destroyed and in a lot of cases delisted
          since. Like the old saying goes. Do the job right the first
          time or don’t do it at all. Many investors have been scammed
          and its all done by self promotional greed for promoters who
          enrich themselves at the cost of others.

          Your book is an absolute misrepresentation of the truth. Many
          good analysts have done very well for their clients.

          You are so diluted by your own poison you believe it. Central
          Banks do not own gold for the reasons you give. The own it
          so they can sell the same ounce 300 times over through the
          bullion banks and thereby capping prices for long extended
          periods of time. Although, at some point it will fail, but to
          misrepresent the facts it’s not manipulated is preposterous.
          Even the bank’s admit it.

          So, what’s your point Robert. Are you trying to tell everyone that
          the world of analysts know nothing after racking up substantial
          gains in R.E. and stocks last 5 years while you lose fortunes in
          explorers.

          Central banks own gold because they like the asset. NOT !

          Everyone is stupid, except for you Robert !

          You need to start over, because you haven’t convinced me of
          anything. One of your major problems and challenges is, all the
          investment analyst’s promoted on your site are at the very bottom
          of the pile in the financial community and world.

          In your little world, yes, no one knows anything including you.

            Jul 12, 2016 12:26 PM

            Also, bragging Robert regarding some good buys when
            many fortunes have been lost with explorers has no merit
            or value whatsoever.

            Lets discuss all the red ink dripping off your nose first.

            Then we can do the math and realize the black ink is
            you are so eager to share is drowning in an ocean of
            red ink.

            You can take your book and red ink and file it where it
            belongs in the round bin. All your false manipulation
            theories with you and all the evidence is right there too
            staring you in the face. Deplorable !!

            Jul 12, 2016 12:08 PM

            So, what are you going to do with your mining
            shares when war sweeps the world. We are
            right there and the US will probably fair the
            worst.

            Keep them by the commode just like all those
            explorers that turned into one big fat roll of
            wipe.

            Another fatal miscalculation.

            Jul 13, 2016 13:16 AM

            TJ:

            My share of good calls? Are you kidding or just stupid.

            Nov 25, 2015 For the last three years we have had a tradable low twice a year. Once in the summer, once in the winter. The bear market in the metals has gone on longer than any in the last fifty years. As of today, is four years and three months old more or less. One day there will be a major bottom and shares will go up a lot. The HUI is down some 83% in that timeframe.

            Dec 23, 2015 Slowly but surely the stars have come into alignment for the battered metals sector. The bear market in silver started at the end of April of 2011. Gold topped in September of the same year. The bear has been more brutal and lasted longer than any since 1970. But bear markets breed bull markets and the upcoming market is going to be interesting to say the least.
            GSV then $.88, now $2.32
            RD then $.27, now $1.78
            MSV then $.365, now $.77

            Dec 31, 2015 Mapping of Red Top shows a 350-meter by 250-meter area of intense alteration known as a lithocap. Company geos believe they have the roof of a porphyry copper system similar to that of the Resolution Mine just 8 km south. The Resolution Mine has a resource of 1.7 billion tonnes at 1.53% copper. A few holes will prove or disprove the concept.
            DSR-then $.15, now $.08

            Jan 19, 2016
            NVO-then $.64, now $.92

            Feb 01, 2016 We’ve seen the Bottom in Gold
            Right under our noses, the XAU over Gold has gone up 21% in less than two weeks. It’s a major bottom similar to that of 2000 and the climb higher will be similar as well.

            Mar 07, 2016 The opportunity for picking up $100 bills lying all over the sidewalk was December, January and February, not after an 85% move higher. But when we get a correction and we will get one, the train will be back with another bunch of boxcars loaded with opportunity.

            When you compare the price of gold to commodities in general gold is higher in relative terms than ever before. Last week the premium of gold over platinum got to $320 an ounce. That’s an all time record. Platinum almost always holds a premium to gold.

            Silver was running a ratio of 84 ounces to one ounce of gold. That’s near an all time record. When oil touched $26 in mid-February gold was an incredible 48 times higher. Even during the great depression the oil/gold ratio only hit 40 to 1. The price of gold relative to anything else is flashing a giant warning about the health of the world economy.

            Nobody ever went broke taking a profit.
            FPC-then $.41, now $.98

            Mar 31 Solgold The share price dropped in response and it might be a good time to be picking up shares.
            SOLG.I then 3.7 pence now 4.22 pence

            Jun 07, 2016 Defiance Silver goes up 350%
            DEF then $.21, now$.435

            Jun 21 It May Well be Time to Dump Gold
            And buy platinum.
            The spread of gold over platinum was $331, now is $250

            Since you are using projection, saying that others are guilty of what you are doing, why don’t you either find some bad calls I have made in the last six months or give me anyone, someone who has made better and more timely calls.

            Or stop showing your ass.

            Jul 13, 2016 13:45 AM

            TJ: Since you insist on continuing to show your ass, perhaps you could name one person who has spent more time trying to warn people about the impending WW III than I have over the past ten years.

            http://www.321gold.com/editorials/moriarty/moriarty062416.html

            You seem to think I am so stupid and the writers who are on 321gold so poor in quality, perhaps you can explain why we have had 370 million views to our home page since we started.

            You are just green with jealousy. You are one of those five year old children who thinks he can make himself look big by making everyone else look small.

            In Chapter 5, page 63 I talk about both bias and agenda. You have both. Facts don’t bother you, you have an agenda and that is to show that you are the smartest guy in the room. Actually all you have accomplished is to make yourself look petty and spiteful.

            Buy the book and read it, you need to wise up. I can guarantee that you couldn’t write a book in 11 days and have it #1 in its class in a month.

            Jul 13, 2016 13:48 AM

            Robert, you have a very long laundry list of explorers who you recommended
            inadvertently with your notorious disclaimer (do you own due diligence ) bla
            bla. How many years and very long time after the peak in 2011.

            Where are those today. Delisted for the most part and or complete train wreck.

            Sorry, your red ink is still dripping off the page. We hear about the success stories
            and then you bury all the explorers who went to the graveyard.

            That’s a neat trick. Your theories do not hold any water either when it comes to
            manipulation. You have to be completely careless and ignorant to misrepresent
            the fact gold is not manipulated in order to contain prices it’s the very reason
            The Central Banks own gold and the banks have been fined numerous times.
            They get away with it because no one gives a hoot about gold in the public sector.

            Anyway, your commentary still doesn’t prove anything. You fail to disclose the long
            list of losers falling off the page.

            Your book is a farce. “No one knows anything ” . Many good analyst’s in the big
            financial world have been making excellent returns for their clients over the years.
            Their performance is not all watered down with just winners. You insist on
            nondisclosure of all these poor explorers who do not exist any longer that you
            consistently recommended.

            Don’t complain about my rear end, its not me who is in misrepresentation failing to
            disclose all the facts.

            Anyway, I’m still not impressed by your devious deceptions and intentional non
            disclosures that are misleading.

            Well, I guess you can always take it where the sun don’t shine. Keep in the round
            circular bin as that’s the best place for all of it. The book, the red ink and all the
            deceptions. The best place for it. Its all toxic.

            Jul 13, 2016 13:02 AM

            Robert, I resent your false accusations. I have no reason to be spitful and
            jealous. We have a debate, that’s all. Your claims are false.

            Regarding analyst’s who don’t know anything, manipulation and all your
            explorers who went to the graveyard you recommend for many years.

            It’s the analyst’s on your website who are poor quality bottom of the barrel.

            Stop comparing the little world you live in with 321gold and compare it to
            the real world of top analyst’s.

            You are not convincing me of anything only that you are arrogant and a
            deceiver. There are false claims you are misrepresenting the facts and
            you have a very poor attitude because you know you are intentionally
            misleading.

            Jul 13, 2016 13:13 AM

            Robert,

            Regarding world war, maybe you should spend more time on that
            subject because it would be much more beneficial to everyone.

            We have a date with a lights out moment permanently. All this other
            jargon is trivial. This world is ready to go into convulsions. Yet people
            are completely comatose.

            This is a 911, because this war is a risk for all of humanity and we have
            many ready to go hot with nuclear armed nations.

            That’s what I suggest.

            Jul 13, 2016 13:01 AM

            TJ:

            All you have done is show your ass and that you are spiteful, petty and green with jealousy. Bite me.

            Jul 13, 2016 13:17 AM

            TJ: Since you needed someone to tell you gold was manipulated, perhaps I can help you by pointing out that all financial markets are manipulated and always have been and always will be. All of them.

            Please don’t tell me you are one of the fools who believe silver was manipulated and suppressed from $4 to $50. It’s really hard to believe anyone could be that stupid but if you think learning gold is manipulated ranks with the invention of fire and the wheel, maybe you are that ignorant.

            Jul 13, 2016 13:54 AM

            TJ:

            And Central Banks have used gold as reserves as long as there have been central banks. Only fools believe manipulation in gold is the center of the universe. It’s not. And if manipulation is at all meaningful please give me even a single example where a sincere belief in the importance of manipulation led you to make both a purchase of anything and a later sale at a profit.

            No one else has ever been able to show that it matters, maybe with all you wisdom, you can. But I doubt it.

            By the way the Sprott funds lost 94%, how much time do you spend kicking them?

            Jul 13, 2016 13:46 AM

            Robert, you sure a very unprofessional and juvenile in your responses to me
            telling me ( bite me and don’t show your ass. Spitful, jealous, green with envy)

            COULDN’T BE FURTHER FROM THE TRUTH. The jealous and spitfil part.

            Your bite me remark is so dated and silly that originated from juveniles.

            You are proving yourself to be desperate in attempts to thwart the subject
            in discussion to something else in a obvious distraction maneuver.

            WHICH IS VERY DESPERATE AND JUVENILE AND UNPROFESSIONAL.

            The only thing I can do now is treat you like a juvenile and be a firm as
            I can because we are going around in circles with your distraction
            attempts.

            1. The Plunge Protection Team authorized by Reagan was to manipulate
            markets and to support equity prices during market volatility. Now with
            all the lawlessness is so obvious a squirrl could discover they are driving
            prices higher and they also use Wall Street that was installed by the Elite
            Central Planners to sell only paper assets not related to PM’s ever, or you
            will be fired or depromoted. Nothing but boiler room operations stock brokers
            pumping equities. Never PM paper assets with these stock broker firms
            who are runned by the elite rules.

            ARE YOU WITH ME SO FAR. OR YOU GOING TO BACK DROP AGAIN. The denial state.

            2. Central Banks do not own gold because its a hedge like you claim. Its
            the same song and dance in modern history that they use The Plunge Protection
            Team for. At one time they owned gold was an important asset. Now it’s used
            to cap prices selling paper gold contracts 300 times over per ounce. They admit
            to front running naked short sales through the bullion banks. No one ever does
            anything but a few fines here and there because the public could care less.

            ARE YOU CONNECTING THE EVIDENCE YET AND WAKING UP. !!!!

            3. Your dog and pony show with your book is completely for someone who just
            fell off the turnip truck and injured their head that is unable to think for themselves.
            Lots of very highly professional analyst’s have been accurate making excellent returns
            for their clients. There are enough out there to find if the efforts are made to do so.
            No, they are not on every corner and people need to use discretion and be certain they
            are of high reputation. Your book says and its false that “no one knows anything “.
            Completely false. Unless your lazy and refuse to spend time seeking out the best
            and that holds true with many things in life. Would you hire a contractor to build a
            luxury home that did not have the best credentials.

            There is no jealousy or envy here. YOUR JUDGMENT IS TOTALLY MISPLACED.

            All your explorer recommendations was complete recklessness thereby subjecting
            many to unrecoverable heavy total losses. There is no excuse. Sprott you refer to is
            licensed and at least they we’re warned they could suffer total loss.

            So, go back into denial like a juvenile because that’s exactly the kind of person you are.

            From what I have read from your responses to me the unprofessionalism used is a very
            bad sign its bred and inherited in your DNA and character.

            This is very unsettling and disturbing. SO TAKE YOUR BOOK AND SHOVE IT. !!!

            I’ve heard enough. You will never back off all your claims that are false. NEVER.

            IT’S WHO YOU ARE !

            Jul 13, 2016 13:12 AM

            Also Robert, if you had any concern for others welfare you would
            have recommended solid mining companies who are still in business.

            If so, we would never be discussing your carelessness. However, it
            was all out of greed you made these foolish recommendations with
            hole in the wall explorers.

            Foolish, misleading, deceptive and careless practices to enrich yourself.

            Deplorable !!!

      Jul 12, 2016 12:17 PM

      Professor, you are one of the better ones.

      We will all get to in Sonoma some day#

      Jul 12, 2016 12:30 AM

      Wall Street through the corrupt Central Elite
      planners carefully crafted by design to sell
      paper through all these boiler room operations
      and penalize anyone who sells PM related assets.

      You will lose your job and be depromoted.

      The house of cards built on sand – will collapse.

      We are nearing the end.

      Jul 12, 2016 12:10 PM

      CFS:

      Can you name any financial market not manipulated?

        CFS
        Jul 12, 2016 12:29 PM

        No.
        I try to take advantage of knowledge, trends, fundamentals.
        One just has to separate out BS from facts, and knowledgable opinions, from opinions with a motive behind them.
        I’m sorry the use of your name above extracted venom from some idiot trader.
        I have not rebalanced from the metals run up yet, so I am very wary at the moment.
        I could envision a correction, but don’t see a collapse in PMs yet.
        I do have some trailing stops on major holdings, but I’m inclined to let the small micro-caps, which are volatile, run yet.
        I’ getting exercised up so I can kick myself in the butt if I’m wrong.

          Jul 13, 2016 13:19 AM

          CFS:

          Nobody ever went broke taking a profit. A correction is coming.

            CFS
            Jul 13, 2016 13:45 AM

            I’m only seeing a biding time for overboughtness to wear off. I had to put protective stops on a few major holdings, more because I suspect an imminent correction in the general market, not mining shares.

      Jul 12, 2016 12:48 AM

      Money coming out of bonds into stocks? Time to short bonds? End of the bond bull market?

    Jul 12, 2016 12:15 AM

    Thanks for the comments today, guys. A stock I’d like to hear Rick’s opinion about is one of the oldest out there…..Hecla (HL). I’ve followed it for years.

    Jul 12, 2016 12:20 AM

    Rick or Al…would love to get your technical perspective on Mexus Gold (MXSG). They are getting ready for production. Looks like a flag pattern to me, but wanted your take on targets. Thanks!

      Jul 12, 2016 12:15 PM

      Ryan – I’m a shareholder and keenly interested in the progress Mexus is making. Should be an interesting development story to follow.

        CFS
        Jul 12, 2016 12:49 PM

        Looks to me Mexus just broke through resistance at .0494, but it’s hard to do math at this low a price, should be going up soon.

          Jul 12, 2016 12:05 PM

          If metals PM prices can stay elevated for a few more weeks, then this stock will likely take off and blow the pants off their peers, but if metals start falling out of bed it may cause things to stall. I’d like to see Mexus take out the upper BB band (since they have narrowed with complacency lately), and then keep on trucking past the $.0699 peak from May. Then things would get very exciting.

          Until then……

        Jul 12, 2016 12:59 PM

        Agree Excelsior. If any of the numbers I hear about what they plan on producing with MarMar are true, this one will be a story for the ages. What makes the deal even more sweet is I hear MarMar is fitting the bill except for the startup costs that will have to be paid back.

          Jul 12, 2016 12:49 PM

          Nice!

            Jul 12, 2016 12:57 PM

            Yes, picking up the JV partner in MarMar where they pony up the money for the 50% earn in was very wise.

            Actually 2 or 3 companies working together is a way to survive and thrive in challenging metals prices. It would behoove more struggling cash-starved exploration and development companies to consider JVing their properties with a cashed up partner that can move the ball down the field. Once they are generating revenues, and have a success under their belt, then they can always buy another distressed property; and yet so many management teams fall in love with their asset and don’t want to share, so dilute all the shareholders and kill their reputations, or they sink their own ship.

            I am excited to get things up and running with the Santa Elena Mine. click on the link for the photos that show some of the progress on the ground….

            http://www.mexusgoldus.com/news.php

    Jul 12, 2016 12:03 PM

    Hi

    Will Rick do Nulegacy Al?

    Jul 12, 2016 12:19 PM

    What do you guys think about GGTCF Auryn Resources and CBGDF Columbus Gold Corp?

      Jul 13, 2016 13:05 AM

      Robert Giustra-CEO and Chairman of Columbus Gold
      Jay Taylor Media – Published on Jul 6, 2016

      Robert Giustra, CEO and Chairman of Columbus Gold, with projects in French Guiana and Nevada talks about progress, outlook and the price of gold.

      https://www.youtube.com/watch?v=bUApAoetSTY

      Jul 13, 2016 13:06 AM

      Ivan Bebek, Executive Chairman of Auryn Resources, Gives Update
      Jay Taylor Media – Published on Jun 29, 2016

      Ivan Bebek, Executive Chairman of Auryn Resources, made money for investors during the gold bear market, tells why Auryn will be successful.

      https://www.youtube.com/watch?v=SmEybSmpSPE

    Jul 12, 2016 12:40 PM

    the last two days have been rough on gold, however we must keep perspective.

    gold has had a tremendous run and a correction is not only welcome but needful.

    bull markets do climb walls of worry

    that said I would still give gold the benefit of the doubt

    yes there are real hurdles out there, and once again the dark side could hijack it, but for now cooler heads need to prevail.

    lets all see where gold is August 1st

    that is all

    Jul 12, 2016 12:26 PM

    The most compelling argument I have heard for gold is that negative interest rates on many trillions of bonds in the world eliminates the carry cost or storage cost for gold.
    Is this a good reason for gold to maintain a strong bid rather than continue selling off?