Gold outperforming Treasuries, here’s why.
There has been a slight change in the correlation between gold and treasuries. Recently gold has been outperforming the treasury market and Chris Temple has some comments on why this is happening and why he thinks it will continue.
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(Actually more noticeable in PAAS.TO)
CDE has also been experiencing higher volume, but not excessively so.
Big money would have been toast were it not for the U.S Public bailing them out.
Big money will always be chasing yield.When there is no more yield,what is left to chase?
Big money will always play the game their way until they no longer can.
That is the time you want to be on the other side of big money.Re “The Big Short”
Michael Burry, Steve Eisman to mention a couple.
ditto…..on……”big money would have been toast…….U.S. Public bailing them out'”
But what happens if/when China comes out and says it has smacked North Korean into line?
Seems to me that the main driver in gold at the moment is Korea.
Interesting thoughts on what is going on with gold outside of the gold bugs.
@HRA-Coffin Re $GDXJ – they are changing the underlying company mix at the end of this quarter and doing a large rebalancing. Part of the change involves allowing larger market cap companies into it. I think that is partially due to the success of the ETF. The AUM is getting too large relative to the type of companies in the ETF so they need to expand the potential universe of companies. A lot of speculation about who gets added and who will get dropped/downgraded. Some of the weird trading we’re seeing in the past couple of days is apparently buying/selling of names traders expect to see added/downgraded. This sort of “chasing your tail” trading is what always makes me leery about ETFs in general and why I am leery to use it as the defining index for gold stocks as many others seem to.
This is an important point. A lot of money is flowing into select GDXJ stocks trying to front run the stocks likely to be purchased while others are likely being dumped. Expect a lot of volatility in these stocks.
Can I get opinions on Timmins gold. (T.tmm)
Increased volume and share price lately as they get closer to announcing PFS on Ana Paula.
Any shareholders on this Blog.
TIA.
I bought some in December 2016 (last Dec) around $0.28 because I thought it was underpriced (glad I was right). It’s one of the few that I’ve held on the whole time since then.
Macroaxis.com doesn’t view it as too high of a risk as far as penny stocks go. I think I’ll stick with my position, but it has been tempted to capture some of those gains.
By the way, I have TGD and trade on the NYSEMKT (I’m American)
I think I like it.
Bought some last year. Watched it go down again and doubled up recently.
Looks undervalued to me. Im sticking with it in my PF.
It should do well over the next 18 months IMO.
TMM is one of my largest holdings. The presentation at the European Gold Forum is worth watching if you haven’t seen it…..
Oops….wrong link. Here is the link to the webcast:
http://www.europeangoldforum.org/egf17/company-webcast/TMM:CN/
It’s been many years since I’ve owned TMM but it is more worthy than ever and the chart looks good…
http://stockcharts.com/h-sc/ui?s=TMM.TO&p=D&yr=0&mn=11&dy=13&id=p46536219532&a=518192116
The weekly chart also looks good. Very good.
http://stockcharts.com/h-sc/ui?s=TMM.TO&p=W&yr=2&mn=11&dy=13&id=p95605801535
I bought some back in Sept 2015 when it was heavily over-sold. Still holding at a loss, although fundamentals seem solid.
When is the 30 year gonna hit 5%?
Bonds are going to fall versus gold for many years.
TLT:GLD
http://stockcharts.com/h-sc/ui?s=TLT%3AGLD&p=W&yr=6&mn=9&dy=0&id=p91899731259&a=518122837
More on the GDXJ rebalance.
http://www.cnbc.com/2017/04/12/how-an-etf-gets-too-big-for-its-index.html
Personally, I don’t like buying the indexes other than as a short term trading vehicle. I think out of 25 gold stocks in an index, 10 will be quality, 5 will be OK, and 10 will be dogs. You are better being selective and try to find a small basket of quality names if you are buying and holding long term. The etfs being trading vehicles are band wagon on versus band wagon off and and only give an illusion of stability and liquidity.
Here are my inflation model forecasts for March and April USA CPI:
The weakest model is Oil9. The others are quite consistent, using current oil and gasoline price action combined with EIA forecasts for oil and gasoline:
Month Oil8 OIl9 Oil10 Gasol11 Gasol12 CPI BLS actual
Feb’17 2.80 2.75 2.76 2.78 2.81 2.7
Mar’17 2.62 2.29 2.90 2.46 2.51 TBA
Apr’17 2.28 2.12 2.40 2.33 2.38 TBA
March CPI is to be announced any minute now.
Inflation forecast video (I hate doing PowerPoints):
If you would like to increase your familiarity only keep visiting this site and
be updated with the most up-to-date news posted here.
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Judging by volume there was major buying of PAAS a couple of days ago. A major hedge fund?