The balance between investing in precious metal vs base metal stocks
This interview was recorded earlier in the day but I had to run out to some meetings before being able to post. Doc and I chatted about the moves in gold through the first half of the day before it pulled back to where it opened. We also look at base metals and get Doc’s comment on if he is playing this sector.
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I disagree with Cory and Doc about cruising.
A hotel that moves while you sleep and eliminates waste of time while travelling.
Maybe they are taking about those …..eat fest voyages to the Bahamas
Nothing like sailing the Greek Islands……..
That sounds good
this will be the first year in a while I have not done that. Ran out of new islands to visit, although some islands are always worth revisiting time and time again.
https://www.starclippers.com/us-dom/
Ever gone on the Star Clipper line?
If, you have not…..you should try it, if you like sailing…..You will Love it…….
Never been on Star Clippers. I go smaller:
http://www.archipelclub.com/en/yacht-charter-greece/oceanis-40.php
Looks good too……….
I just have to inform people that I do have a travel web search site for all of them to use when vacationing, especially cruises:
http://vortex365.jeremyhpace.com
And if you really want to save on cruises, try the travel membership club:
http://surge365.jeremyhpace.com
Dr. Samuel Johnson thought that a sea voyage was like being in prison with the chance of drowning thrown in.
P.S. I’ll be on Norwegian Epic for a Transatlantic cruise out of Barcelona Nov. 5……
Sure beats getting jet lag, as the body clock adjusts on the cruise.
Ship construction has improved in the intervening time since Mr. Johnson said that.
WHERE IS the MISSING MONEY >>>>RUMMY
JOBs and Road Works Bill on the way………
http://www.zerohedge.com/news/2017-08-29/houstons-bridges-and-roads-are-starting-fail-floodwaters-rise
Ira’s metals:
The lunacy of Maxine Waters:
Greece must have solved it’s debt problems, tomatoes and ouzo the Greek liqueur must be a hot selling item bringing in tremendous amounts of money for their economy. What about Italy and Spain they must be booming as well. It’s funny how fast things can change, NOT! DT
The European economic meltdown seems to have disappeared from the news. I just can’t figure out how such serious economic problems get solved overnight and then disappear as if they were never there. It makes you wonder if we aren’t living in a World of total BS. DT
Why diss comment removele ?
Agreed Dick. People must just be bored with this “trivial” type of matter. When it does make it back to the forefront of news again, everyone will act shocked as if they were totally blindsided by this “unexpected” news
Thanks for your update, doc. It’s steady as she goes. It’s good that you made the Mrs. happy. I like cruises now and then as long as its a balcony suite in the lower latitudes.
Ira’s end of day
Are crptos a ponzi?
Cryptos, like Ponzi schemes seem to be infallible till they are no longer. The corrupt Central Bankers will have their say and they will mercilessly destroy the idiots that think this is an alternative for the money supply. DT
That is an interesting post D.T.
Bitcoin is at 4,608.26 and Bitcoin Cash is at 547.54.
The next time you post professing the doom of the cryptos I will post an update of their value.
Not a problem for me, JohnK. DT
Just a foot note.; The last Bitcoin is scheduled to be mined about 133 years from now.
Looks like I might need some help keeping up with the updates.
I was reminiscing about the large gains in early 2016 in the Silver miners and worked a few charts just to remind us just how epic of a move these stocks had in that initial push out of the gates. Of course, down the road it will just seem like a minor blip in the silver price, but look at how some of these miners responded:
$AG First Majestic did very well as seen on this chart where it went from $2.40 low to a high of $19.15 for a (798% gain)
http://stockcharts.com/h-sc/ui?s=AG&p=D&st=2016-01-19&en=2016-08-12&id=p31918404621
$USAS Americas Silver did even better from a low of $.48 to a high of $4.46 for a (929% gain)
http://stockcharts.com/h-sc/ui?s=USAS&p=D&st=2016-01-01&en=2016-08-12&id=p79505647645
$EXN Excellon did even better from a low of $.25 to a high of $2.40 for a (960% gain)
http://stockcharts.com/h-sc/ui?s=EXN.TO&p=D&st=2016-01-01&en=2016-08-12&id=p95773655905
$AXU Alexco did even better from a low of $.22 to a high of $2.54 for a (1155% gain)
http://stockcharts.com/h-sc/ui?s=AXU&p=D&st=2016-01-01&en=2016-08-12&id=p87065717852
$IPT Impact Silver did even better from a low of $.11 to a high of $1.28 for a (1163% gain)
http://stockcharts.com/h-sc/ui?s=IPT.V&p=D&st=2016-01-19&en=2016-08-12&id=p96563379513
$BBB Brixton Metals did even better from a low of $.06 to a high of $1.20 for a (2000% gain)
http://stockcharts.com/h-sc/ui?s=BBB.V&p=D&st=2016-01-01&en=2016-08-12&id=p50841321099
* It makes me wonder what will happen if Silver goes up to $25 or $30
(and I dare to think what might happen if Silver made it back to it’s all time high of $49)
Here’s Why Louise Yamada Says Gold’s Going To Break Out
“You do have enough here to argue that gold can go higher.”
These were the words of veteran technical analyst Louise Yamada as she appeared on CNBC’s Futures Now Tuesday, when the metal rallied to levels last seen right after the U.S. presidential election last year.
Indeed, there are many factors working in gold’s favor right now.
http://www.kitco.com/news/2017-08-29/Here-s-Why-Louise-Yamada-Says-Gold-s-Going-To-Break-Out.html
Ha! I just posted this on the other KER blog with David. Interesting thoughts from Louise.
Weird Things Are Happening With Gold
Last week featured two unusual stories on gold — one strange and the other truly weird. These stories explain why gold is not just money but is the most politicized form of money.
Today’s closing price for gold (green arrow) was more interesting than I thought…
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=7&mn=1&dy=0&id=p10311310956&a=422417144
Billionaire Eric Sprott On Skyrocketing Silver
August 28, 2017
“Billionaire Eric Sprott has just purchased a nearly 20% stake in one of the most exciting silver plays in the world – Excellon Resources! The company has the highest grade silver mine in all of Mexico and is poised to double silver production and expand the size of its silver discovery 10 – 15 fold!”
“With 21,000 hectares of exploration ground surrounding the mine, Excellon is conducting a fully financed comprehensive drill program focused on discovering near-term mineable resources and the large-tonnage Source of the high-grade silver currently being mined. This discovery has the potential to transform Platosa into the next major project in Mexico’s prolific CRD/silver belt. Based on similar style deposits, the Source of the Platosa mantos is likely to measure 10-15 million tonnes, or even in excess of 100 million tonnes with significant amounts of gold, along with silver, lead, zinc and copper – a hundred-fold increase over the one million tonnes of resource mined and defined at Platosa thus far. The Company has already made a discovery approximately 1km from the mine that may very well be the edge of that much larger deposit.”
http://kingworldnews.com/billionaire-eric-sprott-on-skyrocketing-silver/
Excellon Resources Inc. (EXN.TO)
$1.87 up +$0.18 (+10.65% gain)
Excellon Resources Inc. (EXLLF)
$1.499 up +$0.149 (+11.04% gain)
RIGHT ON RICKY’s number ………..1308.60
but, I think he just moved his number. down, $1301….according to his commentary, unless I did not hear him correctly………….
Doc the Goldfinger and ( The lady of the Hous ) ! https://www.youtube.com/watch?v=6dxwduJvAGY