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?
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ditto on interesting………….state dept is corrupt as heck……..all part of the game.
dow having hard time breaking 20,000
silver looking strong $16.50
after hours activity …….gold and silver on the move……..INTERESTING>>>>>>>
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!
The irony would be 20,000 DOW and 20 trillion debt on the same day.
If anyone would like to do any light reading on the mining industry, here’s the 2016 Northern Prospector:
Thanks,
That was a 132 page light read 🙂
Ha! I’m glad you got the tongue-in-cheek comment. It’s pretty impressive to have it all in that electronic format though.
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
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/
Oceanagold is a well run company, the shares do not reflect the value. DT
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
Yes, it will be interesting to see how things keep moving for Excelsior Mining in 2017!
I am doing well with my uranium micro-plays UWE and UEX.
Great minds Dan! We did a simultaneous UEX post. 😉
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.
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!
SGN is breaking out above the 200 day.
RIC was mentioned on BNN commodities report shortly before its reversal to the upside today. I don’t own any now.
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.
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!
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
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!!
I own some still in my RSP account that I don’t trade in. Thanks for the chart.
Nice,Matthew
UWE is getting a bid again.
Most of the Uranium stocks are on the move again. Lots of Green the last few weeks in the key companies for sure.
Here’s a Bar Chart for the last month in the Uranium Producers & Developers:
Nine out of 10 up. (;-D
Here’s a Bar Chart for the last month in the Uranium Explorers:
$UEX $FCU $NXE $CVV $AL $PLU $AZZ $SYH $UVN $ARY
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?
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….
For clarity – $18 Uranium would be like $300 (Gold) = Deep value.
Thanks,Excelsior i appreciate your comment.
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
IVN.TO 🙂
Since I am posting some charts today anyway…IVN.TO
Dan,Calgary
Thanks,IVN,TO just keeps going higher,short pullbacks and then higher.
Nice work Dan, calgary! Thanks.
Congratulations, Pete!
http://stockcharts.com/h-sc/ui?s=IVN.TO&p=W&yr=3&mn=11&dy=22&id=p18460471280&a=455288069
+1 – Nice chart Matthew, and I remember you making that comment at the time.
Well done sir.
Thanks,Matthew 🙂
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.
Good stuff,Excelsior
Don´t forget ,Oyu Tolgoi 🙂
Isn’t that Turquoise Hill’s copper project in Mongolia right?
Yes
Are you a shareholder in Turquoise Hill? I haven’t checked in on them lately.
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).
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.
Yes, Rick likes the Tier 1 assets, and I’d definitely put it in that category. Very solid.
Yes,i am a happy shareholder.
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 😉
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 🙂
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!
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.
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?
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.
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
Good Points Excelsior,Thank you.
Thanks Pete – Always glad to share ideas and discuss stocks.
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.
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
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
Robert Moriarty,
Thank you ,for the information on Irving.
Pete:
I was talking about IRV, not IVN, sorry, my mistake.
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!
ditto……
Gold has finally broken out and a buy on the 15 min. and hourly chart.
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.
After hours………GOLD AND SILVER ON THE MOVE>>>>>>>>
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.
Interesting.
http://news.goldseek.com/GATA/1483548192.php