Brien Lundin Commentary – Thu 19 Apr, 2018

It’s All About Silver This Week

With the pop in silver yesterday lots of people are pointing to the silver price and saying I told you price would rise. Based on the recent CoT reports there is was reason to expect silver to bounce but it still has yet to break any of the recent lower highs. Brien Lundin joins me to discuss the recent pop and what other factors he sees driving price down the road.

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Featuring:
Cory FleckBrien Lundin
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Comments:
  1. On April 19, 2018 at 12:09 pm,
    JohnK says:

    It should be noted that 80% of the CRB Index is Energy and Agriculture,while Precious and Base metals make up 20%.
    Energy 39%
    Agriculture 41%
    Precious Metals 7%
    Base/Industrial Metals 13%

    Weighting
    Gasoline 5%
    Corn 6%
    Soybeans 6%
    Aluminum 6%
    Copper 6%
    Live Cattle 6%
    Gold 6%
    Sugar 5%
    Cotton 5%
    Coffee 5%
    Wheat 1%
    Nickel 1%
    Orange Juice 1%
    Silver 1%
    Lean Hogs 1%
    Cocoa 5%
    Crude Oil 23%
    Heating Oil 5%
    Nat Gas 6%

    • On April 19, 2018 at 3:55 pm,
      Ozibatla says:

      This is a good breakdown John, cheers!

      • On April 19, 2018 at 4:29 pm,
        JohnK says:

        Hi Oz:
        The Baltic Dry Index has been climbing as well.
        April 4th the Baltic Dry was at 953,today it reached 1,201.

        • On April 19, 2018 at 7:25 pm,
          JohnK says:

          There is something going on and it is called the Grand Solar Minimum which is affecting weather cycles and it also affects the production of grain;. Parts of the Midwest are experiencing the coldest April since recorded temps were observed. Minneapolis Minnesota received two feet of snow this past weekend. Record snowfalls are being set in places like Pennsylvania and Montana.
          All this cold weather and snow have the farmers on hold waiting to work their fields and plant their crops.
          Last fall in Minnesota was extremely cold,with a early winter.
          Crop production especially corn and soybeans are going to be challenged.

          • On April 19, 2018 at 7:31 pm,
            JohnK says:

            The real reason behind the China/USA Soy Bean Trade War.
            https://www.youtube.com/watch?v=ccBb8ujEK-I

          • On April 19, 2018 at 7:48 pm,
            JohnK says:

            I will also add that when President Trump sat down with the Industry giants, Bayer, ( I G Farben) was in the process of acquiring Monsanto at the time.
            I really questioned the President’s knowledge of I B Farben. He sounded clueless.
            IG Farben built Auschwitz, the largest industrial complex known in Europe for manufacturing chemicals, explosives, and exterminating millions of Jews.
            I know, that was so yesterday.

        • On April 20, 2018 at 6:15 am,
          Ozibatla says:

          Again, interesting

  2. On April 19, 2018 at 1:23 pm,
    irishtony says:

    Off topic…….
    https://www.zerohedge.com/news/2018-04-19/us-congressman-briefing-congress-director-national-intelligence-secretary-defense
    But she is such a nice lady, who puts the interests of the UK first..Haaaaaaaaaaaaaaaaaa

  3. On April 19, 2018 at 1:38 pm,
    spanky says:

    $silver daily chart looks perfect. I would expect potentially 1-2 more trading days of chopping around sideways based on price still being above the upper bollinger band. Would like to see the closing price not drop significantly below the 3 day EMA going forward to keep the upward momentum going.

    • On April 19, 2018 at 3:59 pm,
      Ozibatla says:

      In light of silvers recent prolice action, I will be interested to see how it reacts when gold likely retraces after another failed attempted breakout.

      • On April 19, 2018 at 5:27 pm,
        spanky says:

        Gold may not fail this time.

        • On April 19, 2018 at 7:32 pm,
          Ozibatla says:

          It may not, but its more likely to turn down.

  4. On April 19, 2018 at 1:40 pm,
    CFS says:

    For the record:
    Specs were short once in 2003,
    Once in 2002
    5 times in 2001
    This is more short than the last peak shortness in 2001.

  5. On April 19, 2018 at 1:49 pm,
    CFS says:

    The relative production of silver to gold is currently about 9:1, so in a free market one would normally anticipate the relative price of gold/silver to trend towards 9.

    Thus in a free market dependent only on supply and not amounts in storage, either gold is over-priced or silver is under-priced.

    If one looks at stored quantities, silver would appear to be incredibly under-priced.

    • On April 19, 2018 at 1:56 pm,
      OOTB Jerry says:

      It has been under priced for the last decade……or longer..
      I still go by the info in silver stealer.net……..it is an inside game, political game of insiders which has not change for 100 yrs. or longer.

      • On April 19, 2018 at 1:57 pm,
        OOTB Jerry says:

        change to changed..

  6. On April 19, 2018 at 2:15 pm,
    OOTB Jerry says:

    RUDY joins Trump’s Legal Team…….Rudy must know the dirt on Wood…or more dirt I should say….jmo..
    https://www.zerohedge.com/news/2018-04-19/rudy-guliani-said-be-talks-join-trump-legal-team

    • On April 19, 2018 at 2:16 pm,
      OOTB Jerry says:

      A little help from your friend never hurts………..jmo

  7. On April 19, 2018 at 2:41 pm,
    spanky says:

    Ok, maybe I am getting too greedy, but it’s possible $hui makes a move for the 200 day MA tommorow. Would be great if we tacked on 5-10 pts tomorrow. The weekly candle would like stellar.

  8. On April 20, 2018 at 6:04 am,
    Excelsior says:

    (AXU) (AXR) Alexco Resource Corp – Clynton Nauman, President & CEO

    April 18, 2018 – European Gold Forum – #CorporatePresentation #Video

    #Silver #Developer and near-term #Producer #Yukon

    http://www.europeangoldforum.org/egf18/company-webcast/AXU:US/

  9. On April 20, 2018 at 6:11 am,
    Excelsior says:

    (ASM) Avino Silver & Gold Mines – David Wolfin – President & CEO

    April 18, 2018 – European Gold Forum – #CorporatePresentation #Video

    #Silver & #Gold #Producer in Durango #Mexico & #BritishColumbia

    http://www.europeangoldforum.org/egf18/company-webcast/ASM:CN/

  10. On April 20, 2018 at 6:19 am,
    Excelsior says:

    (USAS) (USA) Americas Silver Corporation – Darren Blasutti, President & CEO

    April 18, 2018 – European Gold Forum – #CorporatePresentation #Video

    #Silver #Zinc #Lead #Producer #Mexico & #Idaho

    http://www.europeangoldforum.org/egf18/company-webcast/USA:CN/