Jumps in Gold and Uranium
Today with Doc we focus on the jumps in uranium and gold. He shares some of the uranium stocks he is watching. Plus we discuss levels that gold would have to jump to for us to think this is more than just a short term bounce.
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URA is an ETF that’s done fairly well this year
Tokyo Electric.
Al, not interested in uranium?
Its tuff to dance with every girl at the ball.
I found with the Rare Earths in 2009. When the stocks are ready to move they won’t wait for you. Studying gold could be a recipe for missing a big move somewhere else.
Al,
I am offering an open challenge to everyone on this blog, it’s high time.
Here it is as posted on RA interview…
This is an open challenge to everyone on this site, Rick, Doc, Cory, Al, all bloggers…
What will 2017 have in store?
For those of you willing to do it please forecast the following:
Where will gold and silver go?
What will stocks (DOW,S&P, Nasdaq) do?
Where will the $ go?
Where will oil go?
Where will the US 10y go?
How many rate hikes will the FED do?
Anyone willing to forecast any of those?
Reply to this comment
James….Give us your list of forecasts, & the rest of us will follow………….
I DARE YOU.
Yes in deed….make sure to leave some space between lines…..
for the record….I bought gold phyz today…..at zero spot thru my dealer
Hope this is received as an answer to your request , and not as a challenge
Irishtony,
I plan on giving my predictions, but remember I’m not the one who is claiming to be the expert
Your constant attacks on your superiors (like Rick Rule and even Rob Arnott) tells us that you do think you’re the expert.
So who is it that is “claiming to be the expert” here?
Al,
Please STOP CALLING GOLD RESILIENT !
you’ve been calling it resilient for how many years now? And $800 dollars down.
Come on Al, stop it now.
Let’s be honest.
First of all you were dissing it right after Brexit and went out of your way to trash it, meanwhile you keep calling it resilient.
This is a farce
As far as uranium goes, this is like going to the race track.
Fly to New York, we will go to aqueduct race track and make a few bets.
Then we will go out to dinner in NYC
Stay away from these type of things, complete crap shoots.
Stick to real Estate and quality dividend paying stocks
Uranium and all these other “assets” are all lumped together into crap shoots
There up, there down…
Go to the track.
You can get 5-1 on solid horse and have a lot more fun
JTL:
Boards where you don’t comprise 45% of the posts are far better.
I’m astonished Al puts up with your crap. It’s a giant FU to him as well as everyone who wants to learn something. Birdman was begging to be thrown off and you are a miniBM. Al needs to drain the swamp. You have nothing at all to offer, you just post to try to make everyone else look small so you can look big.
James reminds me of Penny…
I second Mr. Moriarty’s comment. I find James the Lesser’s comments to be full of inane comments and opinions and to contain no useful information.
I wish he would not simply add to the noise.
How many have chimed in over the past month to wish he would just go away? A dozen? Two dozen?
Of course that’s like a turd to a fly–he loves it, b/c he’s here to disrupt, provoke, and get any attention he can even if it’s bad attention.
JTL, Will You Please Go Now!
https://www.youtube.com/watch?v=OxVuf8MjC4o
The time has come,
The time is now
Just go.
Go.
GO!
I don’t care how.
You can go by foot.
You can go by cow.
Ditto, ditto, ditto……
Bob,
You’re a good man and you always tell like it is and that’s one of the reasons why we value your wisdom so much. The truth is always a brutal counter-balance to egotistical know-it-all narcissists like the one we have taking up bandwidth on the site that simply thrives on confrontation and divisiveness, not dialog.
Remember, don’t feed the trolls.
V
Any 3x uranium plays!?
I think you need to do a basket of individual stocks here. When they scream, they can go faster than just about any 3x ETF you’ve ever seen.
Search the site for Excelsior’s comments on uranium–he’s covered it pretty well.
Buffalo New York is getting a new plant, Tesla and Panasonic are opening a new production facility, 1500 jobs, there are so many boarded old plants that it’s nice to see some this area get some attention. Could this be the T effect!
Time to be in gold stocks, versus oil stocks:
http://stockcharts.com/h-sc/ui?s=%24DJUSOG%3A%24HUI&p=D&yr=6&mn=4&dy=0&id=p39868340702&a=489417848
You guys all make me laugh.
I simply ask people to make forecasts and you all turn it around and attack me.
A LOT OF ATTACKS BUT NOT ONE PERSON WITH THE BALLS TO MAKE A FORECAST!
You all make me sick.
I dig this up from last year on this blog.
I got some right, I got some wrong. But at least I took a shot.
But I wouldnt expect swamp creatures like RM to actually commit to anything
This was posted on December 30 th on this blog…
As 2015 winds down it is time to look ahead and try to forecast what 2016 has in store.
Unfortunately my conclusions do not look good.
I also must strongly stress I hope I am wrong.
So let’s get started…
Since many other assets (stocks, $, oil, commodities) effect gold and silver they must be analyzed as well.
First we start with the two assets that in the past have been highly correlated to gold and silver, namely oil and the $
OIL
In general there is a very high positive correlation between oil and gold.
If oil moves up gold tends to follow, and conversely if oil goes down gold tends to also.
Looking at the state of the global economy I do not see any upward price pressure on oil.
Oil runs on demand and $ exchange rate, and right now both of those variables are working against oil.
Oil will continue to struggle within a narrow range and ultimately break lower.
There is absolutely no catalyst out there to warrant rising oil prices.
$
The US $ is still the worlds reserve currency and nothing is going to stop that.
They can talk all they want about the end of the petro dollar and the inclusion of the yuan in the IMF basket of currencies but that is all it is – talk.
Most of the talk by fear mongers hawking their bunkers and survival kits.
While the US is debt laden this doesn’t change the fact that the $ is still head and shoulders above all these other banana republics.
That said, in spite of itself, the $ will continue to out perform.
Right now it is pausing in a narrow range, but ultimately it will move higher.
STOCKS
There is no doubt this market is over valued, over loved and over extended.
However there no longer is any other game in town.
The FED knows they created this bubble, but they also know it is too big to pop.
They simply cannot and will not let this market go down.
Stocks appear to be getting ready to launch yet another run to the upside.
With the interest rate hike behind it and all the bad data absorbed it appears poised to move higher. Stocks will continue to be the safe haven play.
COMMODITIES
Commodities in general will continue to suffer.
In a world of little to no growth, commodities will be out of favor for a long long time.
INTEREST RATES
The FED was able to get the first and most important interest rate rise out of the way and the world didn’t fall apart.
Nothing collapsed, the stock market held up well enough, and the sun didn’t fall from the sky.
Many people who have been wrong for years were predicting all sorts of horrible consequences if the FED raised interest rates.
These were the same people who said the FED could never stop QE, they did.
Then they said they could never raise rates, they did.
Now these same people are in the camp that this was One and Done.
It isn’t.
The FED will continue to raise at least three times in the upcoming year.
The market will absorb it and the $ will rise.
GOLD AND SILVER
So where does this leave gold and silver?
Sadly not well
Gold will continue is descent to $500 and the years go by.
It will continue to make lower and lower ranges just as it has been doing.
First $1800 was resistance, then $1700, then $1600, $1500, $1400, $1300, $1200, $1100
This could not be any clearer.
Now $1077 is the new resistance underneath the super hard resistance of $1100
Nothing will change here.
There is absolutely nothing out there to turn this market around.
And lower prices will not do it either despite what some so called experts are predicting.
And don’t believe the COT report either.
As far as silver goes – it is going to be especially ugly.
Silver will get to $4 to complete the round trip trip.
As bad as these forecasts are now for the really bad news.
The highs we saw in gold and silver four years ago will never ever be approached again.
They will never come anywhere close to those levels again.
These were unprecedented times and gold and silver reacted in extraordinary ways.
The FED, and bullion banks, JP Morgan have been able to render gold and silver completely impotent.
JP Morgan has the silver market cornered, that is just a fact.
They will never ever let silver out of the bag again.
Gold will struggle as the $ and crypto currencies like Bitcoin gain favor.
We live in a new normal world run by the central planners.
Gold and silver, like unloved step children, will not be tolerated.
So to recap for 2016:
Oil lower
$ higher
Stocks higher
Commodities lower
Interest rates higher
Gold and silver lower
Same as it ever was.
Once again I hope I am wrong, and there are scenarios that could play out that would make this forecast wrong. Bottom line is things would have to get much much worse for these to play out.
Happy New Year
Best to you and yours
Ps as a side note I did change my mind on FED rate hikes.
After a couple of months went by I did believe the FED weren’t going to raise rates at all.
I was wrong on oil
I was wrong on gold and silver, though barely, as they managed to squeak out small gains
I will have my 2017′ forecast shortly
Folks don’t take you seriously JTL. Nor do they want to know…..So why bother?
LOL, I wonder if anyone will read the above manifesto.
JTL:
At last you finally put in writing just how stupid you really are. Oil doubled so you weren’t even in the ball park, commodities are up 40% so you had a total miss there and gold and silver are up.
So out of six forecasts you got three right and three wrong. And certainly your “FED raising three times” blows a big hole in your interest rate expertise.
I can do the same thing flipping a quarter. You just proved that only idiots think they can forecast.
JAMES…Please reply to my above post.
So where’s everyone else’s thoughtful analysis?
Or are you just going to keep attacking me?
You’re not deserving of thoughtful response.
GH, more attacks, the best defense is a good offense.
Why don’t you post your opinion for 2017 regarding the markets?
People don’t take me seriously?
Ok keep taking the swamp creatures who are making a ton of money off people seriously.
Attacks or silence, but no forecasts.
I also got BITCOIN VERY RIGHT !
JAMES………..JUST DO IT>
My 2017 market forecast…
First let’s have a quick review for 2016…
2016 was the year of the upset.
First it started with Brexit, than Trump, and then to a lesser extent Italian referendum.
Of course the greatest upset of all was the Chicago Cubs winning the World Series.
These were all major events that will cause serious repercussions in the months and years to come.
It was also the year of the big flop.
Hillary (that Jezebel) choked big time, and so did gold and silver.
Both precious metals looked poised to make a serious run at important levels and they packed it in like a cheap claimer in the stretch. They started out the year with such promise, having their best start in thirty years and ended the year with their worse finish ever. A complete choke.
So what does 2017 have in store?
First as I have been saying Donald Trump is a complete game changer.
These markets can go in several different directions, and I can make a case for two or three different outcomes, but I will stick with one.
Stocks
Stocks have had a tremendous run, people made money in spite of themselves. You could have been comatose in this market and made money.
Now I believe the party is ending.
Everyone is on the same side of the boat. There is way too much enthusiasm and irrational exuberance.
Any hiccup and stocks could get derailed.
Could trump truly make America great again, yes, but I like the odds going against it.
$
The dollar has had a big run also. However, like stocks, I think it is time to go the opposite direction.
Trump will sacrifice the dollar on the alter of inflation and jobs and so shorting the dollar might be a big bet.
Technically 120 looks like the path of least resistance, but I’m going to bet against it
Oil
I am not going to make a call on oil. In my mind there are too many variables, geo political, supply shocks, jawboning, even war.
I don’t bet it, never have.
I only follow it in relation to gold.
No call.
Gold and silver.
Gold and silver look like they are bottoming here.
Once things straighten out and we get a better handle on what a Trump presidency means I think gold and silver will start to trade accordingly.
It’s been battered, bruised, kicked around, it looks like dog sh$t.
But every dog has its day.
We could even start the year like last year.
However it wouldn’t surprise me if we go slow and steady.
I’m going to take a shot on a big big year for gold and silver.
Interest rates
Despite the fact that many people are calling for rising 10y yield, I’m not convinced yet.
This needs to be watched very very closely.
In my book it is the key to the whole market
The FED
1 rate hike, maybe 2
Good luck to all, best success
Happy and healthy New Year to all
James….Thank for your forecast.My forecast would more or less tally with yours.
Another forecast is, that you will moderate your behaviour here on the site.
& a happy & healthy & more civil new year to you.
JTL:
Your DOW and S&P futures had nothing but margin calls right out of the chute. Interest rates hit new lows so everyone listening to you got margin calls there, you were wrong on the number of rate hikes, you were wrong on gold and silver, you were wrong on commodities.
And you made money? Yea right. That’s some of the worst forecasting I have ever heard of.
Here’s my forecast.
The DOW and S&P will go up.
The Dow and S&P will go down.
Interest rates will go up.
Interest rates will go down.
Commodities will go up.
Commodities will go down.
Silver will go up.
Silver will go down.
Gold will go up.
Gold will go down.
But of course all of those do that every year so anyone claiming to forecast is blowing smoke.
I would kill myself if I made as many stupid forecasts as you. You pretend you know more than anyone but every call you made would have cost investors money. At least you are consistent.
How are you doing on sending that $1000 to Al or was that just one more of a line of lies from you?
Hey RM,
I stated shortly after calling for 3 rate hikes I changed my mind and said all year the FED would not raise rates, I also called bit coin.
Learn to count you swamp creature
JTL:
If you “said all year the FED would not raise rates” I’ve got some really bad news for you. I hate to burst your bubble but contrary to your steady stream of BS, the Fed did indeed raise rates but you were probably tied up trying to figure out what the low for gold was in 1999 and when silver hit its bottom and you missed it.
Like you miss everything worth knowing.
Hey RM, I probably made more money betting on Brexit and Trump than you did all year you swamp creature
Is this shit absolutely necessary JTL?
JTL:
When I was in grammar school my teacher taught me that anyone who needed to brag about how much money they made probably didn’t make very much. Or maybe it was in pre-school, I forget.
Europe Proposes Confiscating Gold In Crackdown On “Terrorist Financing”
Posted on December 28, 2016 by The Doc
The Commission is also proposing common rules for the 28 EU countries on freezing “terrorists’ financial resources” and on confiscating assets even from those thought to be connected to criminals.
So – cash, bitcoin, precious metals, and prepaid cards over $150 are all instruments of the “terrorists” and are now open to confiscation if you are a suspicious person… which, by their rhetoric, you are if you actually hold any of these assets.
If this article @ silver doc is true, JTL could be underestimating, gold could be one of the last things a person will want to hold.
Just listened to Ann Bernhart(sp?) She has been pretty insightful in the past, forget metal she said, food..land and food.
Fine if your young enough or can afford the labour.
Those who think food and land or whisky and cigarettes are great substitutes for gold, do not understand it.
B:
When any government wants to make something valuable, they prohibit it.
Ya got a point Bob.
I didn’t have a chance to read all the comments. So this might be repeat info. Two things Doc didn’t mention about Cameco. They might have a big tax bill awaiting them. Which may be priced into the stock already. And I read that Mark Cuban mentioned purchasing some Cameco. That might explain the bump in Cameco. I thought with the fall in share price, their dividend was becoming attractive. That might also explain Cameco’s rise.
What are some good vehicles to play uranium, not investment advice, but some vehicles that play multiple companies. Thanks