Gold Sector Commentary – Thu 5 Jul, 2018

Some Optimistic Comments For Gold

Ned Scmidt joins me today to share his thoughts how soy beans are impacted by the trade wars and why he thinks gold is going to run above the 2016 highs.

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Ned SchmidtCory Fleck
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  1. On July 5, 2018 at 1:38 pm,
    Charles says:

    Call me a permabull or simply a hopeful bull, but I agree with Ned. I don’t see how the financial press can keep this charade up much longer if at all. The Fed is boxed in and has got to make a choice. Either let the dollar collapse or let the bond market collapse. Either, I believe will be good for gold and by extension gold stocks times two or three. Buy when there is blood in the streets…..

    • On July 5, 2018 at 5:24 pm,
      CFS says:

      If prices were fully determined by supply and demand, there is a fundamental difference between gold/silver and soybeans/wheat.
      The world pretty much consumes all agri-products each and every year…..There are no vast storehouses of grains; people go hungry for lack of availability and the world population is ever increasing (as is production, thankfully).
      While the world tends to consume much of silver and copper, there are still vast storages of gold and many other metals. No one is going to die because of a lack of precious metals.
      While ALL markets are, in fact, manipulated by big money, there is a difference between consumables and metals in how much they can be manipulated.

  2. On July 5, 2018 at 2:08 pm,
    Matthew says:

    As usual, Ned nailed it across the board. He’s right to be bullish and right about the reasons why we shouldn’t worry much about falling stocks being a problem for the gold miners.
    Every major low is exactly the same: Joe Blow keeps all of his misplaced confidence but takes it to the wrong side of the trade. At the same time, he inexplicably and perpetually believes that making money in the markets shouldn’t be so difficult and that someone or some entity is to blame when it is.
    Don’t be Joe Blow.

    • On July 6, 2018 at 7:46 am,
      Excelsior says:

      Agreed Matthew. Ned encapsulated both the agricultural set up with the trade wars and soybeans and the metals markets & commodities in general.

      For years, the “Joe Blows” of the world have warned that if the stock markets crash, it will be just like 2008 where Gold/Silver and the mining stocks sold off hard, but we are at a much different place now in the markets. The PMs were at much loftier levels back then, and were over bought, thus they had further to fall. Now the PMs are at much more consolidated levels, most of the hot money left the sector years ago in 2012 and 2013, and the PMs and may take an initial hit in a “sell everything” panic, but it won’t be nearly as extreme as the general stock markets fall from grace and very overbought complacent levels.

      It is dangerous to try an extrapolate what happened in the unique set up for 2008 and try to draw exact parallels in every other sector if another crash comes. It won’t be the exact same, and now general stocks are at a fever pitch, and commodities have just started their climb out of the basement.

      Also, if we rewind the clocks by a decade, there wasn’t nearly as much global central bank interference, or TARP, Cash for Clunkers, Home credits, QE1, 2, Operation Twist, etc…. We are in a brave new world, where if the poop hits the fan, and investors truly get spooked, then Gold/Silver, TIPS, etc… will get a bid as a true economic “safe haven” play, but the speculative money, may just wake up to the out-sized gains in the extractive resource sector once again.

  3. On July 5, 2018 at 6:50 pm,
    james says:
    • On July 5, 2018 at 7:15 pm,
      james says:

      The never stop Brian TV dead Manipulation ! Power tripe castration off the west ! let me ilustrate ! White Bankers you’re will will eat you ! GOD is not Mocked !

    • On July 5, 2018 at 7:22 pm,
      james says:

      I don’t see !!!!!!! ALPHA MALES !!! HOW BANK ELECTRONIC !!!!!!

      • On July 5, 2018 at 7:32 pm,
        james says:

        The European EU is killing White People and Bankers LOVE diss KILL BANKERS !!!!!!!

        • On July 5, 2018 at 7:38 pm,
          james says:

          Diss is nice to Bankers ! Bankers need to be Killed 24 / 7 and the Families need to be rapede bay Immigrates !!!

          • On July 6, 2018 at 5:27 am,
            Dick Tracy says:

            Welcome back Franky! LOL! DT

  4. On July 6, 2018 at 7:41 am,
    Silverdollar says:

    Thanks for bringing Ned to us again Cory. I’ve still got Ned’s comment from his 5/11/2018 interview on a post-it-note and I quote: “By this time next year, the price of gold and silver will shock all of us.” I’m still betting on Ned!

    • On July 6, 2018 at 11:49 am,
      Excelsior says:


  5. On July 6, 2018 at 8:21 am,
    Matthew says:

    The Canadian dollar looks good…

  6. On July 6, 2018 at 8:28 am,
    Matthew says:

    Next week will likely be a good one for the miners…

  7. On July 6, 2018 at 8:38 am,
    Charles says:

    Nice charts. Aussie dollar looking pretty good too.