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Easy Money Is Expanding Its Reach

Cory
October 12, 2017

Chris Temple is currently on his way down to the Chicago Resource Expo head tomorrow. Below is a link to sign up for free if you are in the Chicago area.

In today’s call we touch on a number of different topics. Starting with the renewed run in base metals. With copper back above $3 (currently $3.10) this could be a function of so much money in the system that needs to find a home. We also recap the Fed minutes from yesterday.

Click here to visit the Chicago Resource Expo website and sign up if you are in the area.

Click download link to listen on this device: Download Show

Discussion
44 Comments
    Oct 12, 2017 12:17 AM

    The march to infinity begins…

    http://stockcharts.com/h-sc/ui?s=AMZN&p=W&b=5&g=0&id=p68435927884&a=549930696&listNum=1

    AMZN and GOOG will own the US in 20 years.

      Oct 12, 2017 12:12 AM

      Eric Sprott, Quinton H., Robert McCewan, and Pierre Lassonde will be multi-billionaires in 5 years.

        Oct 12, 2017 12:41 PM

        It’s pretty obvious just how much the mining stocks outperformed bloated FANG stocks like Amazon AMZN just over the last 2 years. It boggles the mind to think how much they’ll outperform the general indexes over the next 2-3 years.

        **> Let’ put things into perspective with just a 2 year chart showing how Execellon (EXN), Alexco (AXU), and Impact (IPT) performed versus Amazon (AMZN).

        Even after their consolidation back down over the last year, the quality Silver Jrs are still crushing inflated juggernauts like AMZN.

        http://stockcharts.com/h-sc/ui?s=EXN.TO&p=D&yr=2&mn=0&dy=0&id=p68758389212

          Oct 12, 2017 12:57 PM

          *jugger-nots like AMZN 😉

            Oct 12, 2017 12:16 PM

            good one!

            Oct 12, 2017 12:31 PM

            Hold on to your nots……………. 🙂

    Oct 12, 2017 12:22 AM

    $rut strong buy today. It tagged the 10 day ema today. “Correction is over. You won’t see it lower than today ever again in nominal, US dollar terms. :p

    http://stockcharts.com/h-sc/ui?s=%24RUT&p=D&b=5&g=0&id=p22461509459&a=549931325&listNum=1

      Oct 12, 2017 12:16 AM

      That’s funny, Spanky. You’re going to see it lower very soon!

        Oct 12, 2017 12:45 AM

        What, like 0.5% lower? Sure.
        I think the Fed has blown a bubble, and people are rationally piling into stocks because the Fed has expressly backstopped the markets. I suppose if you hedged currency risk, you have all bases covered in a hyperinflationary orgasm. Maybe when the last sucker realizes that a 10,000% gain in 6 months might be problematic, the PMs will finally get a real bid.

          Oct 12, 2017 12:07 PM

          There is nothing rational about buying one of the oldest bull markets at lofty valuations only seen two or three times in the last century.

            Oct 12, 2017 12:42 PM

            +1

            Oct 12, 2017 12:48 PM

            hyperinflation

            Oct 12, 2017 12:54 PM

            As long as there are undervalued alternatives, that changes nothing. Early in a hyperinflation, stocks will still be vulnerable to a large correction.

            Oct 12, 2017 12:59 PM

            This is moral hazard of epic proportions. Apply game theory to the situation. If stocks falter, the Fed will come to the rescue with the printing press–they have stated exactly that. Ergo, why should stocks ever go down in nominal terms?

            Oct 12, 2017 12:31 PM

            Emphasis on “hazard.”

            Don’t take the bait. The Plunge Protection Team is nearly 30 years old; how’d that work for ya in 2008?

            https://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets

            Oct 12, 2017 12:43 PM

            Sorry, 2008 was before the US govt and Fed went all-in on the stock market, QE and the wealth effect.

            Oct 12, 2017 12:55 PM

            I’m well aware of their sorcery post-2008. It’s just PPT 2.0. They’re once again loading the trap with people like you who have faith in their words.

        Oct 12, 2017 12:53 AM

        Also, the miners rarely if ever are able to rally much when the Dow is falling. Best case they tread water and then out perform once the stock market gets its footing.

        Oct 12, 2017 12:04 PM

        Also, are you trying to call a top? If not, you know very well what the final blowoff in a bubble can do to price and valuations.

        So is it now, 3 months, 6 months, 12 months until “the top”? You said “soon”. Enlighten us.

          Oct 12, 2017 12:28 PM

          You said we “won’t see it lower than today ever again…”

          So my comment did not need to be based on calling a major top.

          I think we’ll see it “lower than today” as soon as tomorrow and easily next week.

    Oct 12, 2017 12:57 AM

    Easy $ Chris = Bitcoin, Litecoin, and Ethereum.

    It’s Bitcoin rising this week. Up $1000 in about 5 days. Who can’t use a few extra Gs?

    Litecoin woke from its slumber as well.

    All hail crypto!

      Oct 12, 2017 12:19 AM

      Jason:
      #3 of 30 behaviors that will make you unstoppable.
      3. Don’t be motivated by money or anything external.
      Having nice things is, well, nice. But for you, it’s never been about the money, prestige or anything else outside of you. Take these things away and nothing changes for you. You’re still going to be pushing your personal limits and giving it your all. Give these things to you and they won’t destroy you like they do most people.

    b
    Oct 12, 2017 12:11 AM

    Yup, bitcoin hits record yet again, on the other hand, U.S. mint silver eagle sales are nothing to speak of.
    OI is supposed to be pretty big
    The 18th is the oil for yuan deal, that really should drop demand for US dollars, maybe then PMs start to react.
    Course, maybe people choose cryptos.

      Oct 12, 2017 12:32 PM

      Forget silver eagle , they are losers………..no body is paying up for eagles……

        Oct 12, 2017 12:35 PM

        these are not numismatic coins……….unless , you wait…a couple of decades ……..

          Oct 12, 2017 12:36 PM

          Just bullion, with a fancy name…………….jmo

            Oct 12, 2017 12:37 PM

            Same with Maple leafs………..why waste the premium ………….jmo

    Oct 12, 2017 12:31 AM

    Looks like everyone has given up on an October crash in the stock-markets.

    Santa Rally already underway?

    CFS
    Oct 12, 2017 12:44 AM

    Even the plunge protection team will have a problem stopping the correction.

    Oct 12, 2017 12:31 PM

    Novo…………the new shake and bake…………