Chris and Brien Lundin discuss Gold’s Close near 2016 High
Chris is joined in this segment by Brien Lundin, Editor of Gold Newsletter and host of the long-running New Orleans Investment Conference. With gold closing today very near its high of a few weeks ago north of $1,370/ounce they discuss many facets of the move…not the least of which is the dramatic change in sentiment that is bringing a lot of fresh money to companies.
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You left out another possibility: an eternally self-existent Creator.
Warning: volume in GLD was low today.
Wonder if that is really that significant now ?
Surely we have to have some kind of pull-back in gold and silver eventually. Today just seems a tad of everything having got ahead of itself. Who knows?
The health care company Community Health Systems has come in with poor results and the stock price is being punished accordingly after hours.
I have been watching this for several months – not sure if it was Chris who first made me aware of it on here or whether the big plunge earlier this year drew my attention – but I now know way too much about the hospital business in the US.
Looks like CYH is going to test its 52 week sooner than later.
At least ABC, which I recommended to Members int he mid-70’s and mentioned on here a day or two ago, is going the other direction. Near $90 now, up strongly today even after stronger earnings/outlook, unlike Community Health. (I’m glad I held off on recommending THAT falling knife!)
Well done Chris.
Yep, Community Health looks a long way to go down yet.
I found that chat very interesting.
My gut tells me that we will get a shake-up in conventionals this month and that an awful lot of gold and silver stocks will be taken down for the ride.
The Aussies have lowered rates. The UK will do so on Thursday. I can’t see the Chinese and Japanese hanging around and watching the USD go down much longer considering how important exports, in USD, are to them both.
I missed this announcement last week:
Lithium X to Commence Drilling at Clayton Valley North, Nevada
CNW Group via CMTX – Thu Jul 28, 7:00AM CDT
Highlights:
— Four exploration holes planned from two drill sites in Phase 1
— Lithium X is targeting five known lithium-bearing aquifers and
a lower gravel aquifer the Company believes has strong
potential
— Results could enable an initial Resource Estimate for the
Project
Lithium X Energy Corp. (“Lithium X”, or the “Company”) (TSXV:LIX.VN) (OTCQB:LIXXF) is pleased to announce it has mobilized a drill rig to commence the Phase 1 exploration program at its Clayton Valley North Lithium Project (the “Project”) in Nevada. Clayton Valley is home to Albemarle’s Silver Peak mine, the only lithium production facility in North America. Lithium X controls the largest land position in Clayton Valley, located approximately 200 miles from Tesla’s Gigafactory. The first drill hole is approximately 100 metres north of the claim boundary where Albemarle’s northernmost production-sized well is located.
“I am thrilled to commence exploration drilling in Clayton Valley, where the vision for Lithium X was born less than a year ago,” said Brian Paes-Braga, founder and Chief Executive Officer of Lithium X. “Testing the exploration potential in Nevada complements the ongoing development work at our flagship Sal de los Angeles deposit in Argentina.”
Lithium X is permitted to drill four new exploration holes at two Clayton Valley drill sites, initially. The targets include the five known lithium-bearing aquifers under Clayton Valley and a lower basal gravel aquifer in the deepest area of the Valley basin. The Company believes this lower basal gravel aquifer has strong potential for positive lithium concentrations and production rates.
Lithium X is only up over 4000% since last summer. Due for a pullback.
$CAD gold price advancing to historic highs again. Only one prior peak to ascend before attacking the summit:
~$1800/oz.
Bob M, you might be considered a war hero for flying over 800 missions in Vietnam and surviving that is truly an amazing feat by why did you use your intellect to destroy The Vietnamese people and support the military industrial complex. Why didn’t you not see the stupidity of this war and simple refuse to fight. Many did and they became draft dodgers, you did not, WHY? DT
After feat by should be but! simple should be simply!
Maybe Vortex wants to chime in on this subject, I can hardly wait for the reply, now who is drinking the cool aid Vortex. DT
DT..Knowing Vortex he will come back with a very interesting reply/ comment.
DT. I should also add that anyone who took part in that war was a traitor to themselves , & a pawn of the bankers.
IT, I know you care. DT
Tony this particular segment lasted exactly 11:39, and during that time Chris and Brien talked exclusively about the markets and more specifically gold and silver related plays with in that sector.
What the Vietnam war or that era has to do with any of the discussion, I’m at a loss to connect the dots.
You’re much too smart to fall for targeted instigation attack tactics that are being initiated from time to time around here for no apparent rime or reason other than spite.
In the words of big Al. I’ve got a lot of time for you.
Take care.
V
Vortex, just choked big time Tony, this person has no depth to his character. DT
WOW….Shooting 800 times into a bucket full of goldfish with an air rifle makes you a hero………….Wow give that man a medal.
IrishTony:
If you are Canadian or American and pay your taxes, you are paying for all the stupid wars. One thing that you don’t realize is that all the goldfish were shooting back at me.
I’m far more anti-war than you, I just happen to understand what people go through 100 times more than you.
DT:
Good question. I believed our government. I was wrong. They lied about everything. I no longer believe the government.
So what does Democrat know?
http://clerk.house.gov/public_disc/ptr-pdfs/2016/20005491.pdf
Hope everyone is well.
With all the respect I have for Brien Lundin, everytime I hear someone saying “we’re gonna have low rates for ages, I just can’t help to smile”.
So when I hear (to paraphrase) we’re “unlikely to see interest rates normalize in a GENERATION” (assuming a generation is 20-25yrs…) then I’m like “???????”. NO-ONE is expecting rates to normalize. NO-ONE. Everybody on the same boat maybe ????
As an aside, and again, with all the respect I have for Brien: gold bottomed BEFORE the Fed December meeting – not after.
My 2cts.
Dt, I served in the Canadian forces.
I probobly woulda killed people had I been put in the position.
I was lucky and served in peacetime.
Canada was still respected.
In any case,my point, I didnt see things for years after I got out.
I dont believe I served with anyone that actually understood anything, much less that wars are for bank profit or they are to further the power of zionism etc
How the h#ll are ya supposed to see that at 18?
At 18 the priority for most boys is how do I get laid.
Some americans saw people getting killed and disagreed, but that was far from a majority, most still had these silly patriotic beliefs and served when called or volunteered as they saw it as a duty etc.
Easy to call Bob out like that, not so easy if you were actually there, why not condem the boys that went to Iraq?
That would cost ya some votes I hear.
B. As I have stated on this site for years. The only justification for war is defence.
How many wars has the US waged against weak countries since WW2.
The US “IS” the worlds “BULLY”.
All those so called hero’s who came back in body bags, just earned the bankers & the mic more dollars..;…….FCUKING BASTARDS.
The us is beyond bully, they (we) are the great satan.
How many wars? 30 million people worth last I heard.
Actually not as bad as Britain, when they were dominant, Britain killed 60 million in India alone. With starvation no less.
Maybe we are getting better?
Course the us could yet kill everything that breaths, maybe we just need give them a little more time.
B, you need to read an accurate history book.
Study Stalin, for example after you get your facts right about the British.
I didnt mention Stalin DFS, I actually mention Britain as they were the last power, reserve curency etc.
More than 60 million Indians starved to death under British rule …
historum.com/…/35502-more-than-60-million-indians-starved-death-under-british-rul…
Maybe your right tho dfs, how do we know what to believe? We wernt there, but we can say that about alot of things.
Just found another one, thought I’d post it, what the heck.
Genocide, the British don’t want you to know about – They …
https://fbreporter.org/…/genocide-the-british-dont-want-you-to-know-about-they-syst…
Jul 7, 2015 – British Colonials Starved to Death 60 million-plus Indians, But, Why? … and surrounding areas (under British East India Company rule), and in …
B:
Can’t give you a number but the US has started 81% of all the wars since 1945. I was wrong in the war I fought in and that’s why I wrote a book condemning war. I make it clear in the book that there is no such thing as a hero.
Yes, its 80?%.
I understand no heroes, unless it be stretcher barrers.
I do not include deaths due to famines, which exist even to this day in India.
10 Evil Crimes Of The British Empire
10 The Boer Concentration Camps
9 Aden’s Torture Centers
8 The Chinese “Resettlement”
7 The Amritsar Massacre
6 The Cyprus Internment
5 Crushing The Iraqi Revolution
4 The Partitioning Of India
3 Exacerbating The Irish Famine
2 The Kenyan Camps
1 The Bengal Famine
Listiverse for details if ya want em.
Our hero Churchill actually gets credit for the deaths of between 1 and 4 million people all by himself if ya wanna look into it.
The agreed upon most evil guy in history doesnt even come close to the British.
INDIAN HOLOCAUST under British Raj: 1.8 BILLION excess deaths …
https://sites.google.com/site/muslimholocaustmuslimgenocide/indian-holocaust
Nov 18, 2015 – Educated Indians are aware of the ghastly 2-century imposition of British colonialism on India. However, because history is generally written by ..
Chicken or egg? The dollar was down overnight, so gold opened up this morning!