When looking at gold keep a close eye on currencies
Jordan Roy-Byrne joined me today to update his thoughts on the precious metals now that gold broke out on Monday. He outlines why he thinks currencies are the most important factor to watch. The moves in the USD over the past two days has Jordan thinking that it could be in for a bit of run up. It will be important to see if this impacts the metals.
Click here to visit Jordan’s site.
Click download link to listen on this device: Download Show
Reminds me of never ending TA….. 🙂
I’d prefer never-ending T&A…. 😉
talking OIL…..metals , ending of stock market (going back to South seas bubble)
silver to under perform gold………
per BOB HOYE, looking at history……
Gold silver ratio …….100 to 1……in a contraction….. there before , could return to 100 to 1……….data trail of 300 yrs…….history in the making…….per BOB H.
I said silver stinks………….:)
Back to 100-1?
WOW, a GREAT time to buy. lol.
You probly saw already, Morgan is going on about people wont sell at $50 silver.
Kaiser could start with the $500 if ya want it campaign again.
Hello b……
I stopped listening to Dave M……same old story…….mostly wrong…….jmo
@b……….
here is one you would like, I broke down and listened to David, to see if I was missing anything……I will say…..He did have some interesting points….
http://financialsurvivalnetwork.com/2017/08/david-morgan-gold-rally-running-out-of-steam/
I stopped listening to d morgan long ago.
he just repeats the same stuff and of course buy buy buy.
to be fair tho, economics is finite and really not complicated so maybe people gotta get creative to sell subs.
thx 4 the link tho.
Since we both stopped listen to morgan some time ago, ……
I misread your comment, …..thinking that you thought I should listen to him…
So, I did……..At FSN, …it seems Dave thinks….the USA is (screwed) if we do not get back to morals, and after 40 yrs of being a silver guru, he thinks there are some more important issues at hand….just food for thought…..and I would have to agree with him.
John this is for you………
http://www.zerohedge.com/news/2017-08-29/bitcoin%E2%80%99s-rise-record-highs-context
Same old dribble.
Crypto currency cannot be compared to anything in the past. This is a common flaw experienced by commodity traders.
Broke traders at that.
Bitcoin 4,568.83
Ethereum 378.86
Bitcoin Cash 580.82
You will have a great collection of articles in a few years…and you can say …”I told you so”……. I think.cryptos are here to stay….jmo
You will be the “go to guy” on the KER, for info concerning cryptos….. better study hard, and keep us informed……….OOTB…
No Jerry I am not the go to guy on Cryptos.
I am the guy who acknowledges that there are a lot of people out there a hec of a lot smarter than me.
I just happened to cross paths with one of them.
I’m waiting for the next event that scares the hec out of all invested in the cryptos so I can see which crypto goes down the least on a percentage basis.
I have already rode a 50% decline in Bitcoin,back around 1220.Bitcoin tracked back to 660.
I would not be surprised to see it happen again.I’m sure everybody and their brother that doesn’t own any Crypto will be posting”I told you so”.
I don’t trade the cryptos as there isn’t enough history yet to make an educated bet.
I did get an E-mail from Mr Ackerman using the hidden pivots and predicting price levels for Bitcoin.I did not see any mention of Tulip Bulbs or Beanie Babies either.Wonder why?
As I said……..I think cryptos are going to be around for awhile……a long while I think…
then I can say…”I told ya so”………. 🙂
Rick’s HP method goes purely on price action. There’s no reason to bring up other fads. There’s IS enough history to trade cryptos using Rick’s approach. It gets you into a trade after a turn and allows you to capture the bulk of the ensuing trend no matter how large or small.
JohnK, it doesn’t matter in the least that cryptos can’t be compared to anything in the past. Human behavior/emotions haven’t changed. This is why the price action of BC, so far, is not at all unique.
There is no doubt that BC will crack (as it has before), the question is when and from what level. This will happen even if it remains perfectly viable and the higher it goes on dumb-money participation, the harder it will fall and the longer it will take to recover. And based on some of the youtube channels that I now see covering cryptos, there is a lot of dumb money interest in the space.
Again, nothing about the price action suggests that this time is different.
You are correct Mathew:
Crypto’s are different,the behaivor is the same. Or is it?
It’s not my job to be wrong or right here. I take what the market gives me.
When taking profits is your first decision to decide whether this is smart money or dumb money?
So far Mathew you have been on the wrong side of the trade.
Like I told D.T Bitcoin has another 133 years until the final Bitcoin is mined.
You will also note that I said that people with limited funds looking to get into the cryptos would be better off investing in physical Silver.
Bitcoin 4730.98
Ethereum 383.15
Bitcoin Cash 587.41
Missing the trade is not exactly being “on the wrong side.” I have not attempted to call a top. THAT would have landed me on the wrong side. You and even Warren Buffet miss more winners than you catch.
As for the dumb money question, it is obvious who that is when you have youtubers with car channels thinking about starting a new channel dedicated to cryptos.
Sorry, the average guy is dumb money. That’s a fact and not meant to offend.
P.s. – You should’ve noticed that I was not negative toward cryptos in the comment that made you defensive — just factual.
I’m not defensive here Mathew.
Like I said I take what the market gives me.
I have no expectations.
Thanks for putting me in the same sentence with Warren.
Second Interview with the Unknown Geologist
by @Newton on August 30, 2017
> Newton: “I had no idea about the Goldboro property. To hear some of your experience was great, too. Have you done all your geological work within in Nova Scotia?”
>> Unknown Geologist: “Yes. It was a short period of time, about five years. Three of them with Orex and two with Seabright Resources at Forest Hill underground…..”
https://ceo.ca/@newton/second-interview-with-the-unknown-geologist
Is the guy moonlighting……….
He used to be the geologist on the Goldboro property, that is now controlled by (ANX) Anaconda Mining.
He believes there is much more to be found, and that when the dewater the underground workings that there are some high grade zones to get at. (he was working in those shafts before they filled up with water).
I’m starting to build a position in Anaconda and think they are under-followed and under-rated at present.
Here’s another company not being given its proper due (KTN):
Kootenay Silver Drills 24.20 Meters of 92.88 g/t Silver At New La Cigarra Discovery
August 30, 2017
Speaking of La Cigarra’s results from Kootenay….. Here’s another company that must be happy about that….. (MLN) Marlin Gold. They have a royalty on that property:
_________________________________________________
La Cigarra Royalty
(MLN) Marlin Gold had good news out today as well….
Marlin Gold Reports $5.4 Million ($0.03 per share) of Adjusted EBITDA for the Quarter Ending June 30, 2017
August 30, 2017
Akiba Leisman, Executive Chairman and Interim CEO states that, “it is impressive what Marlin accomplished in Q2. The Company was able to complete a 12-million-tonne layback to regain access to the high grade mineralization at La Trinidad, enter into a definitive agreement to acquire a royalty on a multi-million ounce advanced stage gold project operated by a large cap gold producer, and make what looks to be a material discovery at the Commonwealth Project, all without raising any additional equity. Furthermore, the acquisition of the Gavilanes project, the spin-out of Sailfish and the continuous mining of high grade mineralization at La Trinidad will make the second half of 2017 even more exciting for shareholders.”
http://www.marlingold.com/News%20PDFs/2017/2017.08.30_NR.pdf
Endeavour Silver Drilling Extends High Grade Silver-Gold Mineralization in Santa Cruz Vein at the Guanaceví Mine in Durango, Mexico
August 30, 2017 – Endeavour Silver Corp. (NYSE: EXK, TSX: EDR)
“These holes extend the boundaries of the current resource area (dated December 31, 2016). Drilling highlights include 786 grams per tonne (gpt) silver and 0.71 gpt gold (836 gpt AgEq) over 3.4 m true width (24.4 opT AgEq over 11.2 feet (ft)), with an internal interval assaying 2,260 gpt silver and 1.73 gpt gold (2,381 gpt AgEq) over 0.3 m true width (69.4 opT AgEq over 1.0 ft)”
$CZX $CZXMF Canada Zinc Metals – 2017 Akie Exploration Program Update
2017 Drill Program Highlights – #Zinc
Approximately 4,700 metres of HQ diamond drill core was completed in eight holes using 2 diamond drill rigs
All drill holes intersected the target Cardiac Creek Zone with well mineralized intervals recovered
First four holes targeted both the central core and the up-dip strike extents of the high-grade core
Two holes targeted the lower central core area at its known extents to the NW and the SE
Final two holes focused on expansion of the known limits of the indicated resource
Total of 1,100 samples, including standard QA/QC samples, submitted to assay lab
Program completed on schedule and under budget
https://www.fscwire.com/newsrelease/canada-zinc-metals-2017-akie-exploration-program-update
(CNX) Callinex Mines Commences 2017 Summer Drilling Campaign In Flin Flon Mining District #Zinc #Exploration
Better late than never…..the Exhibition closes this weekend which is the sure signal summer is over. 😂
haha! Winter is coming….
Shad:
I know you like Callinex and now I’m on board also.Recently just started a position.
CNX has been exhibiting continual strength .Tommy did a real good interview with Mr Porterfield at juniormining .com. Giddee-up.
(DNN) (DML) Denison Intersects 5.0% eU3O8 Over 4.7 Metres at the Unconformity as Definition and Expansion Drilling Continues on the Gryphon Deposit at Wheeler River
(Marketwired – Aug. 30, 2017) – #Uranium #Drillplays
interesting…….
but will there be a competing crypto?
Glance Announces Digital Deals Marketing for Merchants
VANCOUVER, British Columbia, Aug. 30, 2017 (GLOBE NEWSWIRE) — Glance Technologies Inc. (CSE:GET.CN) (OTCQB:GLNNF) (CSE:GET.WT) (FKT:GJT) is pleased to announce in-app digital offer concept marketing is now available to merchants and business partners. Users will be able to redeem exclusive offers and discounts set by the retailer via our Deals Room directly on the Glance Pay app, reducing the need for costly traditional paper deals, coupons, and expired email offers, while at the same time offering flexibility and creativity for deals that are not feasible via traditional methods. Users will continue to save time with Glance Pay by paying and leaving faster and now have offers to make faster decisions on where to spend their time and money.
Dollar Strengthening, Gold Resting
Todd ‘Bubba’ Horwitz – Thursday August 31, 2017
“The U.S. Dollar has suddenly found a level of support and has rallied the last couple of days, while the Euro currency has sold off. The Canadian dollar has also been under pressure after reaching a double top on Tuesday. Currencies are now starting to reverse and there are dramatic moves in both directions.”
“The bigger question is how will these reversals in currencies effect the price of gold and silver? These changes in currency prices will have no effect on gold and silver, the days of them being dollar-sensitive are over. The currency wars have changed the correlations, the Dollar is no longer the key benchmark.”
“Although most commodities are priced in dollars, there are too many other factors that drive prices. Gold looks solid and holding the $1,310 level. We remain bullish as long as gold is above $1,300, believing the bear market is over.”
http://www.kitco.com/commentaries/2017-08-31/Dollar-Strengthening-Gold-Resting.html
Charts of The Day: 1970 Gold Bull vs 2000 Gold Bull
The Hedgeless Horseman – August 30, 2017
http://www.thehedgelesshorseman.com/gold/charts-day-1970-gold-bull-vs-2000-gold-bull/
Monarques Gold Intersects a New Zone at Depth on Croinor Gold
by @newswire on August 31, 2017
– Hole CR-17-547 intersected 5.22 g/t Au over 3 metres (10 feet) at a depth of 594 metres, including 8.41 g/t Au over 1 metre (3 feet)
– The best result intersected 10.50 g/t Au over 1.5 metres (5 feet) in a 3.1-metre (10 feet) wide vein at a depth of 341 metres.
– The new results confirm that the Croinor Gold deposit remains open at depth and along strike.
https://ceo.ca/@newswire/monarques-gold-intersects-a-new-zone-at-depth-on-croinor
Some good gold levels, but at some very deep locations! Would like to see something like twice these readings at these depths. JMO
b…..I left you a message above
OOT – B
I left you this message below. 🙂
oops……… O^O….still looking…….
FIRST TIME RICK talks about BITCOIN……..history being made……
Who believes anything coming out of Chicago, ……..
The windy city.Lots of hot air?
For starters, that’s where Chris resides.
Haven’t seen any comments on Rickard’s latest: http://www.kitco.com/news/2017-08-31/What-Lies-Beneath-Expert-Says-There-is-Much-More-behind-Mnuchin-s-Fort-Knox-Visit-and-Germany-s-Gold-Saga.html – What say this board?
Some other guru was talking the same thing yesterday or the day before…..lot of info at zerohedge, bix weir, and sinclair
I think Marty Armstrong was saying the same thing……, but, a few covered the visit on Monday last week……
Main thing there was no audit…..they only opened one vault of the 13 vaults.
At this point they can say and do about all they want.
I will have to say that Dave Morgan is spot on about, no letting this gold thing get ahead of the real things in life….The FRAUD FED, with the help of ALL Central Banks are doing a CON JOB on Every Human Alive.
damn typo ( I stole that from Matt… 🙂 )
Damn stealers 😮
Damn right on that one…….. 🙂
Here’s a quote from the January 2017 Resource World by Ellsworth Dickson about Jordan
“On the money side of things,Jordan Roy-Byrne,editor of The Daily Gold,said in his presentation that the spreading of negative interest rates is bullish for Gold,not to mention the U S 20 trillion American debt. He thinks the four-year bear market in resource stocks is ending and he can see the mining stock rally,which has been hesitating,resuming its upward trajectory.”
Sounds good to me.
Imagine gold@10K and Quinton’s finding a billion oz gold deposit, what would NSRPF sell for?
And silver would sell for 300 or 400/oz. Where would USAS, AG, WPM, AXU,HL, PAAS, EXK, and MUX soar to? Matthew knows…
Here’s some good comments on last night’s attempted smash of gold: https://www.marketslant.com/article/last-night-gold-survives-algo-attack-1298
Long LACDF breakout
From 321gold
http://www.unz.com/article/korea-afghanistan-and-the-never-ending-war-trap/