Rick Ackerman and Technicals – Wed 4 Jan, 2017

The impact of foreign money on bonds and the US Dollar

With Rick Ackerman this morning we take a look at the moves in long term rates and the US Dollar. Rick put out a morning line focusing on long term rates and how he thinks that the upward trend is ending. Foreign money flows have been major drivers of the sell off in bonds and the rise in the dollar. But how much more can we see until this reverses?

Click download link to listen on this device: Download Show


Featuring:
Al KorelinCory FleckRick Ackerman
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Comments:
  1. On January 4, 2017 at 9:26 am,
    Chartster says:
    • On January 4, 2017 at 9:29 am,
      OOTB Jerry says:

      ditto on interesting………….state dept is corrupt as heck……..all part of the game.

  2. On January 4, 2017 at 9:27 am,
    OOTB Jerry says:

    dow having hard time breaking 20,000
    silver looking strong $16.50

    • On January 4, 2017 at 4:55 pm,
      OOTB Jerry says:

      after hours activity …….gold and silver on the move……..INTERESTING>>>>>>>

  3. On January 4, 2017 at 9:38 am,
    Silverdollar says:

    When Rick uses the term “regulations”, why not drill down and tell us some specifics. Already know O-care affects small business but we also know they’re not going to simply repeal it totally. It’s too imbedded in the system and would throw our health care industry and insurance company’s into pandemonium like Modi’s act to eliminate the 500 and 100 Rupee notes!

  4. On January 4, 2017 at 9:40 am,
    Chartster says:
  5. On January 4, 2017 at 9:43 am,
    Excelsior says:

    If anyone would like to do any light reading on the mining industry, here’s the 2016 Northern Prospector:

    https://issuu.com/delcomminc/docs/np_2016_17_web

    • On January 4, 2017 at 10:44 am,
      Pete says:

      Thanks,
      That was a 132 page light read 🙂

      • On January 4, 2017 at 4:02 pm,
        Excelsior says:

        Ha! I’m glad you got the tongue-in-cheek comment. It’s pretty impressive to have it all in that electronic format though.

  6. On January 4, 2017 at 9:52 am,
    Excelsior says:

    OceanaGold: Transforming Into An Industry Leader
    Dec. 30, 2016 – Taylor Dart (5,646 followers on Seeking Alpha)

    http://seekingalpha.com/article/4033375-oceanagold-mid-tier-takeover-target#alt1

    • On January 4, 2017 at 10:24 am,
      Excelsior says:

      5 #Junior #Gold #Miners with Low All-In Sustaining Costs #AISC
      Posted By Smallcappower – December 14, 2016
      $GCM – Gran Colombia Gold
      $EDV – Endeavour Mining
      $TGZ – Teranga Gold
      $AR – Argonaut Gold
      $BAA – Banro Corp

      http://smallcappower.com/analyst-articles/5-junior-gold-miners-141216/

    • On January 4, 2017 at 11:26 am,
      Dick Tracy says:

      Oceanagold is a well run company, the shares do not reflect the value. DT

  7. On January 4, 2017 at 10:00 am,
    wolfster says:

    Been enjoying the holidays so I may have missed whether taseko getting the permit for their Florence property and it’s positive effect on excelsior were discussed or not but the share price is looking strong.Ready for an even better year than last year if that’s possible

    • On January 4, 2017 at 10:28 am,
      Excelsior says:

      Yes, it will be interesting to see how things keep moving for Excelsior Mining in 2017!

  8. On January 4, 2017 at 10:26 am,
    Dan, calgary says:

    I am doing well with my uranium micro-plays UWE and UEX.

    http://stockcharts.com/h-sc/ui?s=UEX.TO

    • On January 4, 2017 at 10:27 am,
      Excelsior says:

      Great minds Dan! We did a simultaneous UEX post. 😉

      • On January 4, 2017 at 10:34 am,
        Dan, calgary says:

        Hahaha! I like the fact they are getting interest again. Bought more SGN and sold my AR and USA for the time being. Will watch markets with a bit of cash in hand. Thanks Al, Cory, Rick, Chris, Doc, Ex, Matthew and others for a great site.

        • On January 4, 2017 at 10:40 am,
          Excelsior says:

          Nice. I still have positions in all of those $UEX $SGN $AR and $USA and they’re all up nicely from where I added in December so I’m a happy camper.

          Ever Upward!

          • On January 4, 2017 at 10:45 am,
            Dan, calgary says:

            SGN is breaking out above the 200 day.

            http://stockcharts.com/h-sc/ui?s=SGN.V

          • On January 4, 2017 at 10:49 am,
            Dan, calgary says:

            RIC was mentioned on BNN commodities report shortly before its reversal to the upside today. I don’t own any now.

          • On January 4, 2017 at 10:50 am,
            Dan, calgary says:
          • On January 4, 2017 at 12:30 pm,
            Excelsior says:

            I don’t own any Richmont either, but it is an incredibly well run company and a prime takeover target in my opinion. Back in 2015 I mentioned that Claude, Lake Shore Gold, Crocodile gold, Kirkland Lake, Klondex, Detour, and Richmont were obvious takeover targets. Since then Claude, Crocodile, Lake Shore, and Kirkland Lake have all had takeover/mergers. That leaves Klondex, Detour, and Richmont, and I see Richmont as being the next companies to get asked to the Merger Ball.

            It’s just a bit pricey already and I believe the market is anticipating something like that happening this year.

          • On January 4, 2017 at 12:32 pm,
            Excelsior says:

            Dan – I spoke too soon before looking at your chart. My mind was still placing them at their summer highs (which was pricey), but right now they look like much better value. Thanks for that chart!

        • On January 4, 2017 at 2:28 pm,
          Matthew says:

          My USA position has never been larger than it is right now.

          http://stockcharts.com/h-sc/ui?s=USA.TO&p=W&yr=2&mn=7&dy=0&id=p16404758943&a=489469576

          • On January 4, 2017 at 2:47 pm,
            Excelsior says:

            Wow, those Fib levels worked like a charm for both support and resistance. I’m optimistic now the reverse split is behind us, and on the chart that Golden Cross should provide a bit of fuel if we get a nice rally in the miners in early 2017. The dual listing will be a big positive on liquidity and interest from US investors. Bring it!!

          • On January 4, 2017 at 4:09 pm,
            Dan, calgary says:

            I own some still in my RSP account that I don’t trade in. Thanks for the chart.

          • On January 5, 2017 at 6:20 am,
            Pete says:

            Nice,Matthew

    • On January 4, 2017 at 10:28 am,
      Dan, calgary says:

      UWE is getting a bid again.

      http://stockcharts.com/h-sc/ui?s=UWE.TO

      • On January 4, 2017 at 10:31 am,
        Excelsior says:

        Most of the Uranium stocks are on the move again. Lots of Green the last few weeks in the key companies for sure.

        • On January 4, 2017 at 10:35 am,
          Excelsior says:

          Here’s a Bar Chart for the last month in the Uranium Producers & Developers:

          http://stockcharts.com/freecharts/perf.php?CCJ,ARVCF,PALAF,UUUU,URG,DNN,UEC,URRE,URA,URPTF&p=1&O=111000

        • On January 4, 2017 at 10:49 am,
          Pete says:

          Yes,”most of the Uranium stocks are on the move again”

          Excelsior,do you think that Energy fuels will take a rest if/when that gap gets filled?

          • On January 4, 2017 at 12:13 pm,
            Excelsior says:

            When gaps get filled it often represents a zone of resistance/support depending on if it was to the upside or downside. I may trim a bit, but really I’m in Energy Fuels for the long haul now and have a nice core position in place in it and 7 other Uranium stocks.

            It is starting to look more and more like Uranium stocks have put in an intermediate bottom in December 2016 and have a bit more room to run as a group. There are a number of pundits and research services that feel that was “The Bottom” in the Uranium Miners, but we’ll need more time to see how things play out in 2017 to confirm that. Regardless, when spot price was down around $18 per pound, I was aggressively buying the miners, because that would be like $300 = Ridiculous value.

            Uranium needs to be in the $40-$60 range or else the whole U3O8 mining industry is going out of business. Spot pricing won’t stay down at these levels forever and is already in the $20-$21 zone again and gradually moving back up. When the longer term off-take agreements start being negotiated in the latter part of this year, and in 2018-2020 I see no reason it won’t be in the $40-$60 price range but it could go up much much further than that into the triple digits again over the next few years….

          • On January 4, 2017 at 12:16 pm,
            Excelsior says:

            For clarity – $18 Uranium would be like $300 (Gold) = Deep value.

          • On January 4, 2017 at 12:34 pm,
            Pete says:

            Thanks,Excelsior i appreciate your comment.

  9. On January 4, 2017 at 10:26 am,
    Excelsior says:

    Updated $UEX Corporate Presentation

    Cash on hand, prime land package and exploration projects in the Athabasca, 2 giant strategic partners in the Uranium space, and highly leveraged to a rising spot price.

    https://www.uex-corporation.com/assets/pdf/Corporate-Presentation-Dec-29-2016.pdf

  10. On January 4, 2017 at 11:33 am,
    Pete says:

    IVN.TO 🙂

    • On January 4, 2017 at 11:43 am,
      Dan, calgary says:

      Since I am posting some charts today anyway…IVN.TO

      http://stockcharts.com/h-sc/ui?s=ivn.to

      • On January 4, 2017 at 11:57 am,
        Pete says:

        Dan,Calgary
        Thanks,IVN,TO just keeps going higher,short pullbacks and then higher.

      • On January 4, 2017 at 12:17 pm,
        Excelsior says:

        Nice work Dan, calgary! Thanks.

    • On January 4, 2017 at 2:08 pm,
      Matthew says:
      • On January 4, 2017 at 2:16 pm,
        Excelsior says:

        +1 – Nice chart Matthew, and I remember you making that comment at the time.

        Well done sir.

      • On January 5, 2017 at 6:13 am,
        Pete says:

        Thanks,Matthew 🙂

  11. On January 4, 2017 at 12:04 pm,
    Excelsior says:

    Precious preferred over base metals in 2017: Exploration Insights editor

    Joe Mazumdar, co-editor with Exploration Insights, tell BNN why he prefers gold over base metals this year. He also gives Commodities some of his company picks.

    http://www.bnn.ca/video/precious-preferred-over-base-metals-in-2017-exploration-insights-editor~1028214

  12. On January 4, 2017 at 12:19 pm,
    Pete says:

    Good stuff,Excelsior
    Don´t forget ,Oyu Tolgoi 🙂

    • On January 4, 2017 at 12:21 pm,
      Excelsior says:

      Isn’t that Turquoise Hill’s copper project in Mongolia right?

      • On January 4, 2017 at 12:22 pm,
        Pete says:

        Yes

      • On January 4, 2017 at 12:22 pm,
        Excelsior says:

        Are you a shareholder in Turquoise Hill? I haven’t checked in on them lately.

        • On January 4, 2017 at 12:23 pm,
          Excelsior says:

          It’s a bit larger than I typically go for, but they’ve consistently been a very well disciplined company (much more so than many other base metal companies).

          • On January 4, 2017 at 12:29 pm,
            Pete says:

            Yes it´s a bit large,butI think it could surprise a lot of people.
            I agree with RR when he said it should be a cornerstone holding in a portfolio.

          • On January 4, 2017 at 12:33 pm,
            Excelsior says:

            Yes, Rick likes the Tier 1 assets, and I’d definitely put it in that category. Very solid.

        • On January 4, 2017 at 12:24 pm,
          Pete says:

          Yes,i am a happy shareholder.

          • On January 4, 2017 at 12:36 pm,
            Excelsior says:

            Well then, may your returns be amazing and then you can buy your own island in tropical paradise …..

            Or at least put in a new pool with the mining profits like our very own Skeeta 😉

          • On January 4, 2017 at 12:51 pm,
            Pete says:

            My own Island,wow,i don´t know,that would be nice though,but i need new tires for my family car so maybe next year 🙂

          • On January 4, 2017 at 2:13 pm,
            Excelsior says:

            Well I wish you good trading then turning Copper profits into rubber tires.

            You’re a sharp guy Pete, so something tells me you’ll still have some funny money left over after purchasing those tires if we continue with this rally in Q1 and you trim a bit of the winnings back on any out-sized rallies. Cheers!

          • On January 4, 2017 at 10:18 pm,
            Pete says:

            Thank you for the kind words, Excelsior

            Yes,trimming/taking money off the table is part of the game.

            And thank you for being one of the cornerstones of this blog.

  13. On January 4, 2017 at 12:46 pm,
    Pete says:

    Excelsior,
    I sold some IVN.TO DEC 9,i think it was,and bought back about a week later.
    If i remember correctly you said that you might lighten up on Ivanhoe?
    IVN.TO does not give much back,maybe it doesn´t look back from here?

    • On January 4, 2017 at 2:04 pm,
      Excelsior says:

      I did lighten up on Ivanhoe some, as it was looking a bit top heavy, and rotated those funds into adding to positions in Gold and Silver Jrs. Yes, Ivanhoe has continued to truck along, but the DRC risk still concerns me and could always present a real wildcard to the downside. Also, I’ve been noticing more and more herd activity around IVN over at CEO and that always makes me a bit uneasy, so I figured I’d reduce down my risk exposure to a downside surprise.

      One thing I have learned in my years of resource investing is to take chips off the table if I get that uneasy feeling and lock in nice gains. There is no shortage of opportunity in the resource investing space, nor quality companies to pick from, and there is already another train leaving the station.

      Part of my philosophy is to get positioned when stocks are unloved, but making real progress or a turn-around. When I got into the Ivanhoe position earlier in 2016 it was trading at a 1/3 of where it is today, so it seems much more properly valued relative to it’s peers in the Copper and Platinum/Palladium space to me.

      It’s still an awesome company, Friedland is a good bulldog & marketer to have at the helm, and their 3 assets are world class, but since the Sprott Symposium where Robert got so much air-time and visibility, now everyone else realized that too and all jumped on board. I like having a small position in it still, but set my sights on other opportunities for 2017.

      • On January 4, 2017 at 3:49 pm,
        Excelsior says:

        Here was an interesting post on Ivanhoe today while we’re on this topic:

        @nlepan – “According to the financial times consensus forecasts accumulated from 7 analysts covering the Ivanhoe $IVN, 2 with a buy recommendation, 4 with an outperform and 2 with a hold. As of one year ago, there were seven analysts saying that it would would outperform. The 8 analysts offering 12 month price targets for Ivanhoe Mines Ltd have a median target of 3.28, with a high estimate of 10.00 and a low estimate of 1.25. The median estimate represents a 29.26% increase from the last price of 2.54. $IVN ”

        http://markets.ft.com/data/equities/tearsheet/forecasts?s=IVN:TOR

      • On January 4, 2017 at 9:24 pm,
        Pete says:

        Good Points Excelsior,Thank you.

        • On January 4, 2017 at 11:50 pm,
          Excelsior says:

          Thanks Pete – Always glad to share ideas and discuss stocks.

  14. On January 4, 2017 at 1:53 pm,
    Robert Moriarty says:

    Pete:

    Eric Sprott, Akiko Levinson and Quinton Hennigh own over 40% of the shares between them. Shares were given out to existing shareholders in Gold Canyon when the company was taken over and the surplus assets spun off into Irving. Those are all tiny positions and those who have the shares dump them on a regular basis not knowing what they have.

    I’ve never seen a stock double on $100,000 in trading but they did. The stock is tight beyond belief. And to get a concept of the value, go through their press releases and work out the metal in the ground value and you will see why I started picking up shares months ago and am no where near wanting to sell.

    Don’t expect a lot of news but for those who remain patient, this stock is going to go a lot higher as they advance what they have already. And hopefully pick up more assets.

    http://www.kitco.com/pop_windows/kitcorockcalc.html

    It’s on the C-Exchange which is a pain in the ass but Penntrade is back open and for American investors, they are the go-to people for buying Canadian listed companies.

    • On January 4, 2017 at 4:45 pm,
      Dick Tracy says:

      Bob M, wrote a book called ” Nobody Knows Anything”, and he is right. Bob M has had a lot of stinker stocks over the years and he talks about them at 321gold.com if you have been following his website over the years. I don’t want to mention the losers but you might want to ask him. Gold Canyon was taken out at around 43 cents a share, not a great investment for people who don’t know what it means to be a trader. But there have been others, all I can say is Bob M is a knowledgeable person on quite a few issues but if you don’t have his brain don’t follow his suggestions unless you know how to do your own due diligence and feel comfortable that you understand what you are getting into. DT

      • On January 4, 2017 at 9:47 pm,
        Pete says:

        I have read Robert Moriartys book,and i would recommend it to others.

        I don´t have his brain,but i´m doing pretty good with my own brain 🙂

        Thanks

    • On January 4, 2017 at 9:31 pm,
      Pete says:

      Robert Moriarty,

      Thank you ,for the information on Irving.

  15. On January 4, 2017 at 1:53 pm,
    Robert Moriarty says:

    Pete:

    I was talking about IRV, not IVN, sorry, my mistake.

    • On January 4, 2017 at 2:08 pm,
      Excelsior says:

      I was wondering about that as I was reading. Irving has absolutely been on a tear!

      Bob M. – Thanks for sharing it with us on the KER. Much appreciated!

      • On January 4, 2017 at 5:26 pm,
        OOTB Jerry says:

        ditto……

  16. On January 4, 2017 at 4:06 pm,
    Paul L says:

    Gold has finally broken out and a buy on the 15 min. and hourly chart.

    • On January 4, 2017 at 8:16 pm,
      Excelsior says:

      sounds good. I added a great deal to my Gold & Silver stocks in December, expecting a double bottom, but we actually got a higher low that gold bounced from, so the gains this week may just be the tip of the iceberg on another nice rally.

  17. On January 4, 2017 at 4:53 pm,
    OOTB Jerry says:

    After hours………GOLD AND SILVER ON THE MOVE>>>>>>>>

  18. On January 5, 2017 at 8:08 am,
    Paul L says:

    Gold has almost broken out on the 5 hour chart at 1183 and we could see 1200 within a day or two. GDX hit 23.20.
    Gold technicals showing strong buy on the hourly and daily.