Is everyone getting a little too complacent?
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In the first hour of the weekend edition we are focusing on a number of different markets with an overall theme on the optimism that investors hold since the election. We will touch on the potential of a rising interest rate environment, agricultural commodities that investors are largely ignoring, the depressed VIX and resource stocks that are being shunned. Currently everyone is focused on the US markets and in full belief Trump will spur growth. Optimism is good but sometimes it can blind people.
- Segment 1: We kick off the show with Chris Martenson and a discussion about the potential of a rising interest rate environment.
- Segment 2: Ned Schmidt, founder of Agri-Food Value View newsletter shares his insights on the potential new bull market in the agricultural industry.
- Segment 3: Fund Manager Dana Lyons outlines some recent research on the historical movements in volatility in December and how market react.
- Segment 4: We wrap up the show with Joe Mazumdar, from Exploration Insights with a look at resources stocks and his outlook for 2017.
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Click download link to listen on this device: Download Show
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Another jolly good show!
Nice one Skeeta.
Ditto. Always look forward to the weekend show.
Seasons Greetings from London.
A very apt subject – “Is everyone getting a little too complacent?” Trump is not going to save the average joe. Heres some stats from the USdebtclock.org website:
US total debt: nearly $67,000,000,000,000
Total debt per citizen: over $200,000
Actual unemployed: 14,800,000 (more than double official figure)
Median new house price: 83% higher than 2000
Median income: 3.5% higher than 2000
Nearly 1 in 3 Americans either unemployed or under employed
Average savings per family $9,373 is just over 1% of total debt per family figure of $810,400.
Number of Americans on food stamps: nearly 43,000,000
Not sure if Trump can buck this multi year trend. Not sure if he even wants to. For what its worth, here in Australia is far from rosy too.
Nearly 1 in 3 Americans are either unemployed or under employed only if you count children, full-time high school and college students, retired persons, disabled people, stay-at-home moms, etc… And you do not count them as being unemployed or underemployed because they are not part of the labor force. The unemployment rate is around 13% according to government data. There about 165 million in the labor force of which approximately 21 million are completely or partially unemployed.
JMiler, I should have stated that 1 in 3 figure was alluding to those within the labor force. Sorry.
According to US debt clock website, there are 152,000,000 Americans in the labor force. Of those, 14,800,000 are actually unemplpyed and 27,800,000 are part time workers, which classifies as underemployed. Together, that figure adds upto 42,600,000 people. This is 28% of the labor force figure which equates to a little under 1 in 3.
All this data is supllied directly from the government and is said to be soundly reliable.
US debt clock website does says that there are 152 million Americans in the labor force. However that is not really correct. That number is for those that are in the labor force that are employed. It does not count those that are in the labor force that are unemployed. The government data has 159.5 million in the civilian labor force of which 152 million are employed.
Using those number you get the U-3 unemployment rate of 4.6% (about 7.5 million unemployed). However one should use the U-6 rate which is the broadest measure of unemployment which is 9.3 % (about 15 million unemployed).
But the government does not include the 6 million or so who are long-term discouraged workers in their labor force number or as being unemployed. They are included in the “Not in the Labor Force” category along with retirees, school students etc… This is wrong so I added those 6 million into the total labor force to get my 165 million and into my unemployed number to get my 21 million.
So there are about 165 million in the labor force (either employed and unemployed). To find out how many in the labor force are unemployed you take the U-6 unemployment rate of 9.3% which is about 15 million people and add to it the 6 million of long-term discouraged workers who are not included in the U-6 unemployment rate and you get 21 million. 21 million unemployed out of 165 million in the labor force is about 13%.
Also those 27,800,000 that are part time workers are not all unemployed. Some work 40 hours a week by working two or more part-time jobs. They are not unemployed if they work 40 hours or more a week. Also some part-timers, who work multiple part-time jobs, are probably being counted two or three times in that 27,800,000 number. Also some full-time school students and retired persons, who are not in the labor force, do work a part-time job and also some full-time workers also have part-time jobs. So you can not just take all those 27,800,000 and say that they are all underemployed workers who are working just one part-time but want a full-time job. According to this site there are about 6 million people who were working part-time because they couldn’t get full-time work, although they’d prefer it.
JMiller, thanks for breaking it down for us. 👍
Just a follow-up from my original post. Here is some data about part-time workers in the Labor Force. While about 6 million are working part-time for economic reasons, there are about 22 million working part-time for noneconomic reasons. These are people who have family responsibilities, or are going to school or are retired. Probably also people who have a disability and can only work part-time. Obviously a school student, retiree or housewife working a part-time job on the side is not unemployed or underemployed. They are not looking for a full-time job. So while part-timers are included in the Labor Force, most should not be counted as unemployed or underemployed. Only the 6 million employed part-time for economic reasons should be counted as unemployed/underemployed which they are in the U-6 unemployment rate.
I replied to your post above but it contained several links which means it is now awaiting moderation. That US debt clock website info is misleading as you will see in my lengthy post. Not sure how long it will take for it to be seen.
I look forward to viewing your post JMiller.
Considering that info is supposedly straight from the government, I wouldnt be surprised that it is not only misleading but even falsified. But falsified to make the overall economy seem in better shape than what it is.
The ultra-wealthy always close their purses first at any sign of trouble.
Meanwhile, the sheep are being led to the slaughter with bonds at 0.001% for 50 years, the stock market making all-time highs, and commodities manipulated.
Re: Interest Rates. Behind the curve? Ahead of the Curve? What, on earth are you guys talking about?
The Central Banks have set interest rates based on Government needs and political desires. Japan has kept their interest rates low to continuously kick their can down the road and will continue to do so, until they can’t.
All countries in the world have excessive debt. In many countries this is a debt bomb, guaranteed to eventually destroy the economy of the country.
In some countries the debt bomb will be powerful enough not only to destroy one country, but also many trading partners in this this multiply interconnected world.
With regard to the upcoming Federal Reserve meeting, in which 97% are expecting an interest rate rise, it should be obvious to all that NO interest rate rise should be made. The economy could hardly be described as over-heating. Increasing interest rates will merely increase the rate of growth of US debt; hardly a desirable effect.
However, an interest rate rise may be made for political reasons: to restore the credibility of the governors of the Federal Reserve who have been proclaiming in gwneral an interest rate need for over a year. Beside, with Yellen being a Democrat, one must ask if she really can put political desires aside or whether she might like to damage the Trump administration with a down-turn in the economy caused by an interest rate rise. !!
CFS you are spot on regarding why an interest rate rise is being considered. Its all political posturing. They need to implement a rate rise in order to save face. Like you stated, increasing interest rates only increases the overall debt figure and that is not a good outcome.
Interesting theory that Yellen could deliberately sabotgae Trump just to fulfill her democratic roots. Anythings plausible in todays world.
Rob Kirby on TF Metals:
Bob Arnott on KnigWorldNews:
Thanks for the links, especially to Arnott. He gets it across the board. There is a lot of pent-up inflation in the form of QE and he’s my kind of bear on the stock market. He’s not calling for a crash but says that stocks are facing serious headwinds and will underperform.
Adam Hamilton also gets it and he recognizes that stocks are in a bubble…
Thanks Matthew. It’s always good to hear Adam’s thoughts.
28 times price to earnings (bubble territory), 14 times price to earnings (fair value). Great point.
Thanks CFS – that was a good interview from Bob Arnott.
SilverDoctors weekly wrap-up:
Bill Murphy on Silver price Manipulation:
CFS, Murphy is all about Murphy and his agenda.
M&A activity in Platinum that caused Friday’s price rise.
What Stillwater (SWC) Acquisition Means For Sibanye Gold (SBGL) Stock
Eddy Parton – December 11, 2016
I appreciate Ned Schmidt, I feel agriculture is/will be a profitable spot to put some coin.
Great to hear some ideas.
5-10% gold leaves 90-95% for other opportunities.
Yes agreed…..especially with pot and even hemp now.there are some interesting ideas
Green is the new gold.
Its alot easier to figure out than mining companies too.
The dd for PM companies is gamble at best.
Yes we all make money on them but there are alot of variables and lots remain unseen no matter the diligence.
I really liked Bob M saying if he can be decieved anyone can, how many people actually go to the sites?
Love or hate him Bob knows what he talks about.
Anyway, with pot ya just need to review financials and the management plans, its already a fact they sell 100% of what they produce.
In Canada, its even easier, just buy them all.
If they drop in price,buy more or ride it out.
Chris Martenson said, “Watch the news and stay informed…..”. Knowing all we know today, I’m left wondering exactly what news he recommends one to follow!
Any help out there?
The Onion, the National Enquirer, and Mad Magazine of course……
Propornot provided a list of 200 sites that provide at least some decent info.
Can you trust the press?
A quarter % per year is all they could raise but this might be the last raise for years.
Agrium has shot up from 88 to 109 and looking like a bubble ready to burst with rsi at 81.
VIX is actually 11.75. A drop of 7.04% on Friday.
Very Low volumes today in Gold and Silver in China and India.
SGE Prices: Gold $1193.16, Silver $18.41
Yesterday the price differential for gold,SGE versus COMEX reached the highest ever recorded at just over $38, before dropping back.
In India the current official rates for gold are:
Gold Price In Indian Cities
City Standard Gold (22 K) Pure Gold (24 K)
1 gram 8 grams 1 gram 8 grams
AGRA ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
AHMEDABAD ₹ 2,830 ₹ 22,640 ₹ 2,958 ₹ 23,664
ALIGARH ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
ALLAHABAD ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
AMBALA ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
AMRAVATI ₹ 2,810 ₹ 22,480 ₹ 2,938 ₹ 23,504
AURANGABAD ₹ 2,810 ₹ 22,480 ₹ 2,938 ₹ 23,504
BANGALORE ₹ 2,655 ₹ 21,240 ₹ 2,850 ₹ 22,800
BAREILLY ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
BELGAUM ₹ 2,655 ₹ 21,240 ₹ 2,850 ₹ 22,800
BELLARY ₹ 2,655 ₹ 21,240 ₹ 2,850 ₹ 22,800
BHILAI ₹ 2,738 ₹ 21,904 ₹ 2,894 ₹ 23,152
BHOPAL ₹ 2,810 ₹ 22,480 ₹ 2,938 ₹ 23,504
BHUBANESHWAR ₹ 2,738 ₹ 21,904 ₹ 2,894 ₹ 23,152
CHANDIGARH ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
CHENNAI ₹ 2,738 ₹ 21,904 ₹ 2,894 ₹ 23,152
COIMBATORE ₹ 2,738 ₹ 21,904 ₹ 2,894 ₹ 23,152
CUTTACK ₹ 2,738 ₹ 21,904 ₹ 2,894 ₹ 23,152
DEHRADUN ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
DELHI ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
DINDIGUL ₹ 2,738 ₹ 21,904 ₹ 2,894 ₹ 23,152
ERODE ₹ 2,738 ₹ 21,904 ₹ 2,894 ₹ 23,152
FARIDABAD ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
GHAZIABAD ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
GULBARGA ₹ 2,655 ₹ 21,240 ₹ 2,850 ₹ 22,800
GUNTUR ₹ 2,738 ₹ 21,904 ₹ 2,894 ₹ 23,152
GURGAON ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
GUWAHATI ₹ 2,751 ₹ 22,008 ₹ 2,909 ₹ 23,272
HALDWANI ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
HISAR ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
HOSUR ₹ 2,738 ₹ 21,904 ₹ 2,894 ₹ 23,152
HYDERABAD ₹ 2,738 ₹ 21,904 ₹ 2,894 ₹ 23,152
INDORE ₹ 2,810 ₹ 22,480 ₹ 2,938 ₹ 23,504
JABALPUR ₹ 2,810 ₹ 22,480 ₹ 2,938 ₹ 23,504
JAIPUR ₹ 2,830 ₹ 22,640 ₹ 2,958 ₹ 23,664
JALGAON ₹ 2,810 ₹ 22,480 ₹ 2,938 ₹ 23,504
JAMMU ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
JAMNAGAR ₹ 2,830 ₹ 22,640 ₹ 2,958 ₹ 23,664
JAMSHEDPUR ₹ 2,751 ₹ 22,008 ₹ 2,909 ₹ 23,272
JODHPUR ₹ 2,830 ₹ 22,640 ₹ 2,958 ₹ 23,664
KAKINADA ₹ 2,738 ₹ 21,904 ₹ 2,894 ₹ 23,152
KANNUR ₹ 2,700 ₹ 21,600 ₹ 2,900 ₹ 23,200
KANPUR ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
KARNAL ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
KARUR ₹ 2,738 ₹ 21,904 ₹ 2,894 ₹ 23,152
KOCHI ₹ 2,700 ₹ 21,600 ₹ 2,900 ₹ 23,200
KOLHAPUR ₹ 2,810 ₹ 22,480 ₹ 2,938 ₹ 23,504
KOLKATA ₹ 2,751 ₹ 22,008 ₹ 2,909 ₹ 23,272
KOTA ₹ 2,830 ₹ 22,640 ₹ 2,958 ₹ 23,664
KOZHIKODE ₹ 2,700 ₹ 21,600 ₹ 2,900 ₹ 23,200
KURNOOL ₹ 2,738 ₹ 21,904 ₹ 2,894 ₹ 23,152
LUCKNOW ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
LUDHIANA ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
MADURAI ₹ 2,738 ₹ 21,904 ₹ 2,894 ₹ 23,152
MALAPPURAM ₹ 2,700 ₹ 21,600 ₹ 2,900 ₹ 23,200
MANGALORE ₹ 2,655 ₹ 21,240 ₹ 2,850 ₹ 22,800
MEERUT ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
MUMBAI ₹ 2,810 ₹ 22,480 ₹ 2,938 ₹ 23,504
MYSORE ₹ 2,655 ₹ 21,240 ₹ 2,850 ₹ 22,800
NAGERCOIL ₹ 2,738 ₹ 21,904 ₹ 2,894 ₹ 23,152
NAGPUR ₹ 2,810 ₹ 22,480 ₹ 2,938 ₹ 23,504
NANDED ₹ 2,810 ₹ 22,480 ₹ 2,938 ₹ 23,504
NASIK ₹ 2,810 ₹ 22,480 ₹ 2,938 ₹ 23,504
NELLORE ₹ 2,738 ₹ 21,904 ₹ 2,894 ₹ 23,152
NOIDA ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
PANAJI ₹ 2,655 ₹ 21,240 ₹ 2,850 ₹ 22,800
PATNA ₹ 2,751 ₹ 22,008 ₹ 2,909 ₹ 23,272
PONDICHERRY ₹ 2,738 ₹ 21,904 ₹ 2,894 ₹ 23,152
PRODDATUR ₹ 2,738 ₹ 21,904 ₹ 2,894 ₹ 23,152
PUNE ₹ 2,810 ₹ 22,480 ₹ 2,938 ₹ 23,504
RAIPUR ₹ 2,738 ₹ 21,904 ₹ 2,894 ₹ 23,152
RAJAHMUNDRY ₹ 2,738 ₹ 21,904 ₹ 2,894 ₹ 23,152
RAJKOT ₹ 2,830 ₹ 22,640 ₹ 2,958 ₹ 23,664
RANCHI ₹ 2,751 ₹ 22,008 ₹ 2,909 ₹ 23,272
RATLAM ₹ 2,810 ₹ 22,480 ₹ 2,938 ₹ 23,504
SALEM ₹ 2,738 ₹ 21,904 ₹ 2,894 ₹ 23,152
SANGLI ₹ 2,810 ₹ 22,480 ₹ 2,938 ₹ 23,504
SHIMLA ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
SHIMOGA ₹ 2,655 ₹ 21,240 ₹ 2,850 ₹ 22,800
SILIGURI ₹ 2,751 ₹ 22,008 ₹ 2,909 ₹ 23,272
SOLAPUR ₹ 2,810 ₹ 22,480 ₹ 2,938 ₹ 23,504
SRINAGAR ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
SURAT ₹ 2,830 ₹ 22,640 ₹ 2,958 ₹ 23,664
THANE ₹ 2,810 ₹ 22,480 ₹ 2,938 ₹ 23,504
THANJAVUR ₹ 2,738 ₹ 21,904 ₹ 2,894 ₹ 23,152
THIRUVANANTHAPURAM ₹ 2,700 ₹ 21,600 ₹ 2,900 ₹ 23,200
THRISSUR ₹ 2,700 ₹ 21,600 ₹ 2,900 ₹ 23,200
TIRUCHIRAPALLI ₹ 2,738 ₹ 21,904 ₹ 2,894 ₹ 23,152
TIRUNELVELI ₹ 2,738 ₹ 21,904 ₹ 2,894 ₹ 23,152
TUTICORIN ₹ 2,738 ₹ 21,904 ₹ 2,894 ₹ 23,152
UDAIPUR ₹ 2,830 ₹ 22,640 ₹ 2,958 ₹ 23,664
UDUPI ₹ 2,655 ₹ 21,240 ₹ 2,850 ₹ 22,800
VADODARA ₹ 2,830 ₹ 22,640 ₹ 2,958 ₹ 23,664
VARANASI ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
VELLORE ₹ 2,738 ₹ 21,904 ₹ 2,894 ₹ 23,152
VIJAYAWADA ₹ 2,738 ₹ 21,904 ₹ 2,894 ₹ 23,152
VISAKHAPATNAM ₹ 2,738 ₹ 21,904 ₹ 2,894 ₹ 23,152
WARANGAL ₹ 2,738 ₹ 21,904 ₹ 2,894 ₹ 23,152
in Rupees, with the exchange rate of 67.47 Rupees to the US dollar.
Although there are shortages and reports of private deals occurring at higher prices.
Interestingly. sex equality has not reached India. Single Males are now limited to a maximum gold legal ownership of only 3.11 ounces.
Not just India, as it looks to me like female theft from males is pretty much legal in the western world.
XLF has peaked with RSI at 81.48. XLE is at 71.57 and not much more to go. XLK-tech is at 62.70 and when this one peaks near 70+ the market will start to fall slowly and then downside momentum should build over several days and weeks. When Intel gets close to 37.50 to 38 that should be a good signal to get out
My best guess is the Trump will try to issue some 50 year (or possibly 100 year) “Rebuild America” Bonds to lock in the current low interest rates for his whole term.
This would “allow” him to use “off the books” money to try to stimulate the economy, since it will be described as a one-time non-budgetary item.
They will be one of the worst-ever investments!
The Next Bull Market Move Interview
Rick Rule, President and CEO of Sprott U.S. Holdings Inc.
Bonds and Gold in Unusual Correlation
December 10, 2016 – Tom McClellan – Editor, The McClellan Market Report
Gold & Gold Stocks Setup for Post-Fed Rally
12/11/2016 | Jordan Roy-Byrne CMT, MFTA
The BPGDM is now at 21. I commented a few weeks ago that I thought it would turn up from 7, and it did.
DIA:GDX is back-testing a large double top neckline while forming what is likely to be a huge H&S top with a bearishly right-drooping neckline. A weekly “death cross” is coming, too.
DIA is 9.56 times GDX right now but I believe it will ultimately go below 1x — but not next year, of course.
I bought too much GG.V too soon and am down significantly but I still bought a lot more into the recent low. Selling finally appears to be near exhaustion.
I’ve been giving it some consideration lately Matthew and appreciate you posts on it. I generally don’t like S. Africa (with Platinum Group Metals and Ivanhoe being 2 exceptions), but it looks worth the jurisdiction concerns due to the quality of their assets and the efficiencies in their mines. Thanks for keeping this one in front of us.
I decided to add Pure Gold, Red Eagle Mining, Resource Capital Gold Corp, and Novo Resources, first, and shored up my positions in Alkane, Avnel Gold, Hummingbird, Argonaut, Scorpio Gold, Mandalay, Montan Mining, Minera Alamos, Teuton Resources, Golden Valley, and Marlin Gold mining as well. Still have a nice Jaguar position and I trimmed a bit of Mexus into the recent strength but left the rest on to ride. There are a about 2 dozen other Gold companies I’ve sold out of in the past that I’m evaluating to reposition in once again and a few exploration and prospect development plays I’m reviewing. Busy times in the Gold miners….
One of my larger positions in the gold miners is Teranga Gold. I just feel they are undervalued compared to their small producing peers, and was a fan of the Gryphon Minerals acquisition. Anybody have any thoughts on Teranga Gold?
Some of the ones I’m considering buying back into are Torex, Golden Queen, McEwen, Integra, Richmont, Klondex, K92, Comstock, and even Sandstorm. Anybody have any Gold Jrs or even mid-tiers they think represent good value here?
Always liked them after they took out my Oromin a couple years ago.Used to get more analyst coverage.Almost seems like a forgotten stock.Not sure if this has been posted before but contains 2 others I like as well semafo and Guyana .
Thanks Wolfster – I remembered skimming over that article the end of last month and seeing Teranga on their list of 5 takeover targets, but it was nice to revisit it.
Yes, for some reason investors just haven’t been paying attention to Teranga. I postulated that once the Gryphon merger had wrapped up that the stock would go through a re-rating to the upside, but unfortunately the metals have been on a downward slide the last few months. At one point, investors will wake up to their economics, development & exploration pipeline and adjust things accordingly.
I’ve traded Guyana in the past, but haven’t ever had a position in Semafo. Looks like it’s time to look them over again. Thanks Wolfster.
Here is a freebie. Go look up Irving on the C Exchange. IRV-C and read the last six press releases carefully and do the math using this formula
That’s only for Excelsior and Matthew. The rest can ignore it.
Thank you, Robert.
Thanks Bob M. Will do, and much appreciated.
I Feel Left Out Mr. Moriarty!
I know I’mnot a T.A. Chartist, but I can analyse fundamentals ;>}
Thanks Bob Buddy, pal, friend, and champ. DT
LOL! I see Dr. Q is in the mix, very nice. DT
I don’t like South Africa either but sooo much bad stuff is already priced-in, that ANY backing-off on the part of the dummies running things could result in fantastic gains. The exact opposite is true of the best places. In addition, GG has the Botswana operation which might act as a safety net should SA get even worse.
Well, I love West Africa, and generally steer clear of S. Africa, but I’m willing to take on the risk (especially when it is mostly priced in), if the project and economics merit. Thanks for the info. It’s on my short list for sure and appreciate your thoughts on it.
Here’s an old post (mostly focused on West African miners) that I noticed when in the Sibayne Room. If anyone has any companies they really like in Africa, it would be neat to hear about them.
@Excelsior – “Thanks for the $EDV $EDVMF Endeavour article from Northern Miner. I was pretty jazzed about their acquisition of True Gold mining, and that lit a fire under the #GOLD mining focus in #BurkinaFaso.”
“Really all of West #Africa has just been booming the last few years and many investors have missed the boat so far with True Gold takeover, $AKG Asanko going into production, $ROG $ROGFF Roxgold going into production, the Amara takeover by $PRU $PMNXF Perseus, and the current takeover of $GRY.AX $GPHYF Gryphon by $TGZ $TGCDF Teranga Gold.”
” There is also the rise of interest in all the other #Development projects discussed here like $ORE $ORZCF Orezone, $AVK $AVNZF Avnel Gold, $WAF $WFRSF West African Resources, $HUM.L $HUMRF Hummingbird Resources, $AGG $AGGFF African Gold Group, $AUE $ARSMF Aureus Mining, $AZUMF $AZM.AX Azumah Resources, and $MXI $MXGIF Merrex Gold.”
” Lastly there is all the exciting #Exploration #drillplays like $SWA $SRMMF Sarama Resources, $SCA $SVVYF Savary Gold, $CAP $CPKOF Castle Peak, $CDV.AX $CRDNF Cardinal Resources, $ASE $ASGOF Asante Gold, $BGS.AX $EEYMF Birimian Gold, $THX Thor Exploration, $PX $PGXPF Pelangio Exploration, etc…”
” There are other areas of ~AUfrica with great assets like $SBGL $SBGLF Sibayne Gold, $IVN $IVPAF Ivanhoe, $BTG B2 Gold Corp, $ACA.L $ABGLF ACACIA MINING, $BRYYF $BYR.AX Burey Gold, $ORG $CANWF Orca Gold, $GRL.L Goldstone Resources, $GMR.AX Golden Rim Resources, $TIR.L $TGS.AX Tiger Resources, $PAFRF $PAF.L Pan African Resources, $AFM $AFMJF Alphamin Resources, $AAN $ANLBF Aton Resources, $PTM $PLG Platinum Group Metals, and all the other PGM household names. The fun never ends….. :-)”
from ~aufrica – Oct 2016, 09:06
Descend Into The World’s Deepest Gold Mine (Mponeng – in S. Africa)
JEFF DESJARDINS – DECEMBER 8, 2016
Investors following the Ivanhoe Mines (IVN) story should really check out the most recent posts from @DJS in the $IVN room on CEO. Funny and informative interlude about Rick Rule and Robert Friedland and Zijin Mining executive.
Great Article Blue.
I blew my wad posting about Neal and Sibanye Gold on CEO, but it is easy to see in that article their motivation to diversify into assets out of S. Africa.
For investors interested in some discussions on the Sibanye and Stillwater merger, and the consolidation of the PGM space:
Stocks Precariously Positioned As 2016 Comes To A Close
by @Goldfinger on December 10, 2016
GMX continues to hang onto its breakout from a huge, decade-old pitchfork:
Same old cast of characters, Bob Arnott, Rob Kirby, Ned Schmidt, silver doctors, Chris Martinson, Rick Rule…
They all must go.
Can someone here make a forecast?
Trump is the game changer.
Gold could be sub $700 in the next two to four years
Your stupidity is criminal in my book.
I will make a forecast James. Gold will be above $1000 in 12 months but below $1500
Most of the Gold miners that lowered their production costs down during the 5 year bear market will be fine in that zone, and will have nice margins and growing free cash flows. This is why I’m more bullish on the miners than the metals, and why they have such potential to outperform to the upside in a rising price environment.
Rob Arnott’s firm manages $165 billion because he is less capable than James Dunning-Kruger the Lesser.
Anyone who thinks silver is in a cyclical bear market after going from $48 to $16 after 5 years because gold hasn’t gotten as crushed as well is really really stupid in my book and deluded.
Says the guy who made no money this year because he’s too paralyzed and clueless to act appropriately. LOL
Worse than being stupid and deluded is intruding into things you know nothing about
JTL; You are really a hoot. You didn’t know what the low in gold was in 1999 even through you pretended you had bought it and I had to tell you when silver hit $4. You welshed on a bet and you claim to know the merits of a book that you have never read. You pretty much define stupid and intruding into things you know nothing about. But to your credit, when you are sober your spelling isn’t that bad.
But here’s one for you about your favorite fellow swamp rat
Good editorial on the effect GATA has had on gold Bob M.
Bobs been mentioning gata for awhile, take note of people that associate with gata.
Max used to say “500 silver if you want it”.
All this buy buy buy BS has gotta hurt the whole industry.
Personally I think more people would be interested in gold if people would just stick to the truth about gold and quit trying to make out to be something its not.
An open challenge to all and anyone…can someone make a forecast?
Anyone…make a 2017 gold and or silver forecast.
Anytime of forecast
In the 3rd Quarter of 2017 Gold will make it up through the 377 Week EMA, the 233 Week EMA, and the 144 week EMA definitively, and will take out it’s 2016 peak at $1377.50 and Gold’s 2013 peak at $1434 climbing all the way to $1492 before putting in an intermediate high.
” 1492 is the year Columbus sailed the ocean blue….”
Here is a chart showing the $1377.50 high from 2016 and the $1434 peak in 2013.
Columbus Day – Monday, October 9, 2017
Columbus day is in the 4th quarter technically, but if gold doesn’t clear $1492 by Columbus day….. then clearly the Zionist bankers and Aliens will have colluded in meetings in underground bases; Gold will then plummet to $0, and the world be over-run by and army of Bigfoots, Lock Ness Monster clones, and Flying Swine.
Let’s start with something simple, then we will work our way up…
Will gold be higher or lower by end of 2017?
You don’t need forecasts in order to recognize when gold is near a low or near a high.
And, admittedly worn out, 3:
Yes! – in the bull market one should target the “Best of the Worst” …..
In a rising metals environment it can have a huge multiplier effect on a smaller company’s margins and thrust the share-price up on much larger percentage basis than one of the larger juggernauts. These companies teeter below profitability and suddenly get pulled up into profitability and that is where the large moves are to be found.
This is why I’d rather build my own ETFs and actively manage them. There are dozens of small producers and development-stage companies that hardly anyone discusses, and they aren’t in most ETFs, and yet, they continue to make improvements in their AISC, Revenues, and this will have a much larger multiplier effect when the worm turns to the upside in metal prices.
In addition, because they are more thinly traded, when the interest does hit, then it forces the stock much higher when volume enters. Fun times!!!
There you go… it’s obviously a calling. The ‘GOLD-EX’ etf.
I’d buy it.
Funny Tad. I’m trying to snag some market share from investors of (GOEX)
* For investors that start a new position in “Gold-Ex” (GOLEX) in 2017:
We’ll direct ship you one pair of Precious Metals Depends (Swing Trading edition with extra absorbency), a bottle of Pepto Bismol, and a Zimbabwe “One Trillion Dollar” fiat bank note.
** For investors that start a new position in “Silver-Ex” (SLVEX) in 2017:
We’ll direct ship you a one ounce KER Silver Round [Each side features our fearless hosts: Front: Cory Fleck and back the all-seing Big Owl], a bottle of Dramamine for treating motion sickness, and an official “Wing-Nut” lapel pin.
Call your broker for more details……
The three of us could start an etf and call it TMEX (sounds like Team Ex 😉 )
Nice charts. Gold COT looks favorable for a bounce sometime next week. Net long speculative positions are at their lowest levels since January. Tax selling should be nearing an end too.
And Dan is right. Gold will be higher by the end of 2017. That one IS an easy one.
Here is my forecast, the dollar price of gold wont matter, golds purchasing power will remain the same, other than short term “blips”.
Gold higher at the end of 2017 only because i think it has further to fall for the rest of this year.
Bob Hoye tells it like it is about the gold miners and the CO2 scam:
Ditto on the scam
St. Angelo latest interview on oil, PMs etc.
Celente on KWN:
I just came across this article on The Financial Post about Signature Golds deposit in North Western Ontario, I have not heard about them before, the drill results look good but the company is on the Canadian Securities exchange under the symbol CVE:SGU.
How many weeks and months and years will this losing streak last?
Gold is getting slaughtered
Who cares, oil is up!
Learn to trade!
where did you come from?
oil stocks to trade
BTE BCEI TPLM
Happy guy this morning!
Great point by Adam Hamilton in his Howestreet.com interview — Trump has already said the stock market is in a big fat bubble. If they pop it soon, it’s all Obama’s fault, and it will clear the slate for the rest of Trump’s term.
Thanks as always for the weekend show fella’s,