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Weekly Beginning Commentary: Metals; U.S. Ten Year; U.S. Dollar; and, U.S. Equities

Big Al
November 14, 2016

After a historic week in the markets last week the follow through or lack there of will be crucial to set investors minds at ease. Today we assess the drop in treasuries and if there is a turnaround already occurring. We also look at the precious metals and consider what would happen if the gold price can not hold $1,200.

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Discussion
53 Comments
    Nov 14, 2016 14:05 AM

    Jim Sinclair is now calling for gold@125K. That should take silver to 5K. Imagine where SLW will go!
    Cleveland fans are rioting, claiming that as the Indians and Cubs both scored 27 runs they should share the world series title.

      Nov 14, 2016 14:53 AM

      Some of this sounds like media hype, and you trust the media?

      Nov 14, 2016 14:24 PM

      Great marketing I guess Bonzo

      Nov 14, 2016 14:25 PM

      So what else is new!

    Nov 14, 2016 14:16 AM

    In 1960 the Pirates beat the Yankees 4 games to 3 in the World Series, but the Yanks scored 56 runs and the Pirates only 27. So the Yankees really won! So Yogi Berra won 11 rings and Mantle won 8.

    Nov 14, 2016 14:18 AM

    I got three orders filled for Americas Silver to day, for an average price of .25375 but I have no idea if .245 will prove to be a long term low or not.

    Also added to GMX, GG, and UEX today (I picked up quite a bit of UEX at .165 last week).

    Even at the lows today, SIL was down no more than silver so this turn up was foreshadowed. Now, with silver still down 3%, SSRI has swung from -3.5% to +3.5% and SIL is slightly up.

    A good tradeable rally should start now even if the lows must be revisited in a few weeks.

      Nov 14, 2016 14:09 AM

      Hi Matthew!

      Im also interested in the Uranium market, waiting for the new uranium bull to arrive. Erf is my play right now and im looking for 1-2 moore good quality uranium stocks. So my question is, why Uex?
      Kindest regards😄

        Nov 14, 2016 14:10 AM

        I meant EFR, Energy fuels

        Nov 14, 2016 14:04 PM

        Hi Blue, I like UEX because it:
        – already has the goods
        – is in good financial shape
        – has strong partnerships
        – is in the Athabasca Basin
        – has plenty of exploration upside

        It also appears to be under appreciated and is cheap.

        Although UEX is further “out of the money” it is a bit like AXU at .22 in January. However, if you don’t think that uranium itself has huge upside, then you probably shouldn’t bother with UEX.

        In my opinion, pure exploration plays should be underweighted until the uranium price really gets moving.

        I intend to put much more work into the sector soon.

        https://www.uex-corporation.com/assets/pdf/presentation-nov-2016.pdf

          Nov 14, 2016 14:06 PM

          In case that was unclear, UEX is not a pure exploration play.

            Nov 14, 2016 14:24 PM

            Thanks a lot, Matthew, as always!
            I will follow this one for sure.

            Nov 14, 2016 14:51 PM

            I have positions in UEX and EFR/UUUU Energy Fuels as well guys. All the best you guys!

          Nov 15, 2016 15:58 AM

          Good luck to you too , Ex

        Nov 14, 2016 14:29 PM

        Matthew and Blue, I think that both o you guys are jumping the gun!

          Nov 14, 2016 14:37 PM

          Al, as you know, markets are forward-looking. If we don’t jump the gun, we will miss out on a lot of upside. The key is to balance our initial exposure with the associated opportunity cost. I will be a MUCH bigger buyer later and, right now, I don’t mind the diversification.

            Nov 14, 2016 14:50 PM

            Agreed. I jumped the gun a bit in Uranium miners, but that gun is loaded for when the shots start firing.

          Nov 15, 2016 15:45 AM

          I hear you Mr Korelin,
          My intention is to dip my toe and accumulate into weakness, cause this uranium bull is here soo. If you remember a lot of good quality gold miners bottomed in 2014 before gold did.

      Nov 14, 2016 14:44 PM

      Yeup nibbled at some Silver stocks today into the weakness, and many minerd actually bounced back towards the end of the day.

        Nov 15, 2016 15:47 AM

        Ex, dont forget about Nhk really good buying opportunity today at 0,36-0,37 cad

          Nov 15, 2016 15:23 AM

          Yes, I really need to do more homework on Nighthawk gold. It has quite the buzz around their exploration results and potential. Just been too busy lately to go with anything new. Been trading the companies I’ve followed closely and understand a little better. Good reminder though Blue.

            Nov 15, 2016 15:30 AM

            More drill holes soon

    Nov 14, 2016 14:19 AM

    I can’t believe it. A minute after I wrote about the 1960 world series, Rush Limbaugh said the same thing!! I beat Rush by a minute!

    CFS
    Nov 14, 2016 14:21 AM

    Not only is the US “in a mess” to quote Chris, the EU is clearly going to break up.
    No longer a maybe, now just which country first and when…..
    England, Catalonia, Belgium, Netherlands, Germany…all possibilities, if not probabilities sooner or later.

    Nov 14, 2016 14:27 AM
    CFS
    Nov 14, 2016 14:44 AM

    I am not a chartist and do not own this stock, but would like an opinion on TWMJF

    CFS
    Nov 14, 2016 14:49 AM

    It seems fairly clear to me that changes in the gold futures market and the behavior of gold stocks today indicate a local bottom.
    i.e. We are NOT going to penetrate below $1200 in the near future.
    2 cents.

    Nov 14, 2016 14:54 AM

    Jim Sinclair – another one added to the “must go” list.

    If Trump isn’t going to drain the swamp someone’s got to.

    Jim Sinclair and his gold 125k must go!

    Keep draining the swamp

      Nov 14, 2016 14:14 AM

      James, that was not Sinclair’s call. It was made by Clif High during a Greg Hunter interview.

      Posted November 14th, 2016 at 11:48 AM (CST) by Greg Hunter & filed under USAWatchdog

      Jim and Bill,

      The latest is called “Federal Reserve & Clintons Doomed-Clif High.” Internet data mining expert Clif High predicted that “Trump would win” the election and that Hillary Clinton would go “missing” after the election.

      High can’t name a price for gold and silver, but his “predictive linguistics” says, “At some point in 2017, probably past mid-year, we’re going to be looking at hyperinflation so bad that the DOW will be measured around $100,000 to $125,000. Meaning, the dollar will be so worthless that it will take $125,000 to buy the little basket that is the DOW. I also have language that says an ounce of gold will be approaching the DOW in terms of value. This is not ludicrous. In the last depression in 1933 and 1934, after the shutting of the banks . . . we had a point where gold and the DOW were the same, and gold dominated the DOW for decades.”

      Join Greg Hunter as he goes One-on-One with Internet predictive linguistics expert Clif High of HalfPastHuman dot com Here’s the link: http://usawatchdog.com/federal-reserve-clintons-doomed-clif-high/

        Nov 14, 2016 14:08 PM

        It is Sinclair’s call. I got an email from him this morning saying gold will go to 125K and we will have hyperinflation.

    Nov 14, 2016 14:41 AM

    Trump is a Manhattan real estate mogul.

    Did anyone really think he was going to drain the swamp?

    He is buddy buddy with all his Goldman and JP Morgan compadres.

    Somehow I don’t think this is what the electorate was expecting.

      Nov 14, 2016 14:06 AM

      Goldman and JPM were for Hillary.

      AJ
      Nov 14, 2016 14:10 PM

      FWIW it seems even worse:

      “During their private White House meeting on Thursday, Mr. Obama walked his successor through the duties of running the country, and Mr. Trump seemed surprised by the scope, said people familiar with the meeting. Trump aides were described by those people as unaware that the entire presidential staff working in the West Wing had to be replaced at the end of Mr. Obama’s term.

      “http://www.wsj.com/articles/leading-contender-for-donald-trump-s-chief-of-staff-is-rnc-chairman-reince-priebus-1479069597

    Nov 14, 2016 14:36 AM

    Goldman and JPM are for money.

    Anyway at all

    Nov 14, 2016 14:59 PM
    Nov 14, 2016 14:03 PM

    I have to admit I never expected to see the $ hit 100

    RICK might get his 120 $ call after all, unless he back pedaled.

    Nov 14, 2016 14:04 PM

    Silver looks horrendous, doesn’t look like it is expecting Trump’s growth message

    Nov 14, 2016 14:29 PM

    Gold and silver to the moon??? Well that might not be as high as some think, as here in Aus we are witnessing a full moon that is being termed a “super moon”. The moon is 50000km closer to us than normal due to its current orbit path steering it closer to earth than usual.

    Nov 14, 2016 14:48 PM
      Nov 14, 2016 14:47 PM

      Interesting thoughts from Thom as per usual. A number of good companies were discussed in the editorial.

    Nov 14, 2016 14:34 PM