Dana Lyons Commentary – Fri 12 Jul, 2019

US markets at all time highs it’s the large caps leading

Fund Manager Dana Lyons joins me to address the new all time highs in US markets. With large caps leading the way and overall momentum waning Dana still thinks now is not the time to fight the overall uptrend. We also look at the gold sector and how Dana is now trading it, after ignoring the overall sector for years.

Here are a couple websites of Dana’s that you can check out.


View related posts on: ,

Comments:
  1. On July 12, 2019 at 6:41 am,
    OOTB Jerry says:

    Do not know if anyone has posted…..but, ….interesting on WHO is GOLD..
    https://www.zerohedge.com/news/2019-07-11/who-are-gold-buyers-pushed-price-over-1400
    And, if we look at the Global Gold ETF Flow data put out by the World Gold Council, June 2019 had the highest amount of inflows for the past seven years:

    • On July 12, 2019 at 6:42 am,
      OOTB Jerry says:

      WHO IS BUYING GOLD…..correction

      • On July 12, 2019 at 7:28 am,
        OOTB Jerry says:

        I think this is what a few people have been waiting on..participation from the big boys ,..jmo…

  2. On July 12, 2019 at 8:02 am,
    OOTB Jerry says:

    By James Grant
    The Wall Street Journal
    Friday, July 12, 2019
    Though money can’t talk, people can’t stop talking about it. With the nomination of Judy Shelton to the Federal Reserve Board, the discussion has tilted to gold.

    Gold is money, or a legacy form of money, Ms. Shelton contends, and the gold standard is a reputable, even superior, form of monetary organization. The economists can hardly believe their ears. The central bankers roll their eyes. How can this obviously intelligent woman be so ignorant? Let us see about that.
    America was on one metallic standard or another from the Founding until President Richard Nixon announced the suspension of the Treasury’s standing offer to foreign governments to exchange dollars for gold, or vice versa, at the unvarying rate of $35 an ounce. The date was Aug. 15, 1971.
    Ever since, the dollar has been undefined in law. Its value against other currencies rises or falls, as the market, sometimes with a nudge from this government or that, determines. The dollar isn’t unusual in this respect. With few exceptions, the values of the world’s currencies oscillate.

    In the long sweep of monetary history, this is a new system. Not until relatively recently did any central bank attempt to promote full employment and what is called price stability (but is really a never-ending inflation) by issuing paper money and manipulating interest rates.

    The advance of computer technology has made possible a world-wide monetary system based on the scientifically informed discretion of Ph.D. economists. The Fed alone employs 700 of them.

    “Gold standard” means not one system but many. You can think of them as a Broadway hit, the roadshow version of the hit, and the high-school drama-club editions. The version Nixon scuttled didn’t have the starch, elegance, universality, or populist inclusion of the classical gold standard. It was drama club.

    The true-blue standard was sweet and simple. Participating nations defined their money as a fixed weight of gold. Citizens could exchange currency for gold, or gold for paper, as they chose. Gold moved freely across national borders. It went where interest rates and business opportunities beckoned. Gold was base money; over it rose the superstructure of credit.

    Fixedness was one defining feature of the classical gold standard. Trust in the workings of supply and demand — in the “price mechanism” — was a second. Belief in individual responsibility for financial outcomes was a third.

    A central bank’s single objective was to assure convertibility of the currency it managed at the fixed and statutory price. The exchange rate, not employment, growth, or price stability, was the all in all.

    The Bank of England was “very desirous not to exercise any power,” as a director of that institution testified before a committee of the House of Commons in 1832. The bank was content to allow the people to regulate the money supply by exercising their right to exchange bank notes for bullion.

    A 20th-century scholar, reviewing the record of the gold standard from 1880-1914, was unabashedly admiring of it: “Only a trifling number of countries were forced off the gold standard, once adopted, and devaluations of gold currencies were highly exceptional. Yet all this was achieved in spite of a volume of international reserves that, for many of the countries at least, was amazingly small and in spite of a minimum of international cooperation … on monetary matters. This remarkable performance, essentially the product of an unusually favorable combination of historical circumstances, appears all the more striking when contrasted with the turbulence of post-1914 international financial experience and remains, even today, a source of some measure of fascination and indeed of puzzlement to students of monetary affairs.”

    Arthur I. Bloomfield wrote those words, and the Federal Reserve Bank of New York published them, in 1959.

    The gold standard, “the flywheel of the Industrial Revolution,” as the historian Lewis E. Lehrman puts it, was as imperfect as any other human institution. Prices were stable over the long term but variable in the short run; sometimes — even for years on end — they fell. Sometimes governments interfered with gold movements. There were panics when the bankers overissued their IOUs. And when people ran on the banks to exchange those claims for gold — when stock prices crashed and business activity stopped cold — a central bank would respond by raising its interest rate to defend the exchange rate. It was the exchange rate, one’s standing in the international monetary community, that mattered.

    Gold-standard central banking concerned itself with the present. Millennial central bankers dare to take a view of the future. The moderns forecast, or attempt to forecast, economic growth, inflation, employment.

    It’s no fault of theirs that they usually miss, most memorably in 2008, when the biggest event of their professional lives took most of them unawares. The economists are dealing with human beings, not raindrops.

    The National Weather Service, which does deal with raindrops and which marshals enormous computing power and truly big data, has an ordinary forecasting horizon of seven to 10 days. The central bankers inadvisedly cast their predictions into the distant future.

    The ideology of the gold standard was laissez-faire; that of the Ph.D. standard (let’s call it) is statism. Gold-standard central bankers bought few, if any, government securities. Today’s central bankers stuff their balance sheets with them.

    In the gold-standard era, the stockholders of a commercial bank were responsible for the solvency of the institution in which they held a fractional interest. The Ph.D. standard brought the age of the government bailout and too big to fail.

    While gold-standard central bankers set short-term interest rates, they did not seek to control longer-term rates, much less drive them to zero. In today’s monetary regime, some $13 trillion of debt securities worldwide are priced to deliver a yield of less than zero. There’s been nothing like it in 4,000 years of recorded interest-rate history.

    And if gold could once be brushed aside as an anachronistic form of money, that time is no more, with private companies competing to bring digital gold to the blockchain.

    In 1989 Ms. Shelton published “The Coming Soviet Crash,” a brilliant and courageous analysis of the weakness of an overrated collectivist economy. She could be just the woman to remind the Fed’s doctors of economics how monetary capitalism works.

    • On July 12, 2019 at 8:09 am,
      OOTB Jerry says:

      Bottom line………….END THE FED……………….

      • On July 12, 2019 at 9:58 am,
        OOTB Jerry says:

        The probability is greater still because of the refusal of the CFTC itself to answer GATA’s question, reiterated by Mooney, as to whether the commission has jurisdiction over manipulative trading by the U.S. government or its agents or whether such trading is legal, authorized by the Gold Reserve Act of 1934 as amended since then:
        Indeed, a formal admission of the U.S. government’s power to rig markets secretly was given by an assistant U.S. attorney during GATA consultant Reg Howe’s lawsuit against the Fed, Treasury, Bank for International Settlements, and bullion banks in U.S. District Court in Boston in 2001. Moving to dismiss the lawsuit, the assistant U.S. attorney told the court that, while it wasn’t admitting to rigging markets as the lawsuit complained, the government did claim the power to rig them secretly, power conferred by the Gold Reserve Act:

        • On July 12, 2019 at 10:00 am,
          OOTB Jerry says:

          Magic word……….DID……RIG.

          • On July 12, 2019 at 10:01 am,
            OOTB Jerry says:

            OK……..everyone back to sleep……… 🙂

    • On July 12, 2019 at 1:12 pm,
      Ebolan says:

      Dang it, Bobby! My CD got called!

      Grant is right. These feral reserve criminals can’t predict jack shiite.

      Feral Reserve doing all they can t screw savers to keep the Neo-Feudal Casino Gulag Plantation Fractured Reserve Debt Based Ponzi economic outhouse from burning to the ground!

      But what else can you expect in a Jeffrey Epstein economy in a Jeffrey Epstein society!

      • On July 12, 2019 at 1:22 pm,
        OOTB Jerry says:

        EBO…..I posted a link below….here ya go…..
        comments…..thanks.https://www.youtube.com/watch?v=3p53xfoFD-Y
        This guy fills in a lot of behind the scenes….that have not been mentioned around this
        site….Let me know what you think…….
        He also…..did a live post on the FLYNN case today……which everyone in the MSM ignored.

        • On July 12, 2019 at 3:21 pm,
          Ebolan says:

          The corruption is so pervasive and deep you can’t keep up with it. It’s like I’ve always said, every major institution in this society and every segment of this society is corrupt. The corruption in this society is systemic and is so deep people don’t even recognize it.

          And those Awans are deep in it. Amazing but typical how the DNC episode just got flushed down the memory hole…not even that even…just no one cares or for those who do nothing can or will be done. Of course when you live in a criminal society nothing is done to criminals like this!

          • On July 12, 2019 at 3:32 pm,
            OOTB Jerry says:

            THe sheeple are so asleep it is pathetic ………..

          • On July 12, 2019 at 3:36 pm,
            OOTB Jerry says:

            EBO……..you should go back and listen to George Webb’s earlier tapes……..

          • On July 12, 2019 at 3:44 pm,
            OOTB Jerry says:

            Everything is connect……Oil, gun running, child trafficing, hospital abortions, Planned parenthood ,selling baby parts., Jails for hire, drug running, congressmen for hire, courts for hire…
            Barr’s dad and Epstein…..Harvard Un…….Gold suppression , Money & Banking….

          • On July 12, 2019 at 3:45 pm,
            OOTB Jerry says:

            connected…

          • On July 12, 2019 at 3:59 pm,
            Ebolan says:

            That’s only the second one I’ve heard. The other one I posted a few days ago. Hopefully will get a chance to listen to more this weekend. Also, listened to The Duran and RT Crosstalk as they have talked about Epstein criminality.

          • On July 12, 2019 at 4:01 pm,
            OOTB Jerry says:

            Epstein…..is just the girl running part……Check out who his boss was and is…..

          • On July 12, 2019 at 4:02 pm,
            OOTB Jerry says:

            He is just a minnow

  3. On July 12, 2019 at 8:15 am,
    OOTB Jerry says:

    And then we have this………Donald playing 4 D, what ever…..Mind games….
    https://www.zerohedge.com/news/2019-07-12/cryptos-rally-coinbase-ceo-says-trumps-bitcoin-tweet-achievement-unlocked
    “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity….

    “…Similarly, Facebook Libra’s ‘virtual currency’ will have little standing or dependability. If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks, both National…

    “…and International. We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!”

    • On July 12, 2019 at 8:52 am,
      cfs says:

      I have owned real estate in Europe and the US.
      At times it has been necessary to move significant sums of money, perfectly legally and legitimately across the Atlantic. I have always used the “banking system” to do so.
      IT IS A REAL PAIN: BOTH SLOW AND EXPENSIVE.
      If you are an American citizen, holding a bank account now in Europe is virtually impossible, because European Banks do not want to handle the bureaucracy and regulations imposed by the US. The US seems ALWAYS to make the assumption you are a crook and it is up to you to PROVE otherwise.
      There is a NEED for alternative currencies, and once the problems with crypto exchanges are ironed out, I can see cryptocurrencies filling that need.

      • On July 12, 2019 at 9:08 am,
        OOTB jerry says:

        CFS……….please view this video…….give me some ..comments…..thanks.https://www.youtube.com/watch?v=3p53xfoFD-Y

        • On July 12, 2019 at 9:10 am,
          OOTB Jerry says:

          b……….you might be interested in this video…..

        • On July 12, 2019 at 9:42 am,
          OOTB Jerry says:

          THe tape…….is part of the Epstein , CIA, Drug running operations, that have existed for years…….

      • On July 12, 2019 at 9:17 am,
        OOTB Jerry says:

        Crypos are just a side distraction for the sheepl…….there is no way the system and big elites are going to allow this to take over…..dream on….

        • On July 12, 2019 at 9:19 am,
          OOTB Jerry says:

          btw…..I have no problem with your comments on cryptos….cfs…….

  4. On July 12, 2019 at 9:03 am,
    b says:

    Russia, China, Iran & Venezuela developing crypto to challenge US financial control – study
    Published time: 12 Jul, 2019 13:00

    https://www.rt.com/business/464013-china-russia-cryptocurrency-dollar-dethrone/

  5. On July 12, 2019 at 9:10 am,
    Charles says:

    Does anyone know what is going on in the Uranium space today? Both UUUU and UEC are down bigly.

    • On July 12, 2019 at 9:12 am,
      OOTB Jerry says:

      How deep do you want to go………

    • On July 12, 2019 at 9:27 am,
      Snowy says:

      There was a report from an Australian news outlet that US 232 investigation is ending with no action recommendation. Here is the article. Again nothing final yet

      https://www.afr.com/news/world/north-america/australian-uranium-exporters-winners-as-trump-dumps-quota-plan-20190712-p526l8

      • On July 12, 2019 at 9:56 am,
        Snowy says:

        Multiple sources are calling this credible. If you ever wanted to invest in uranium… you don’t have much time left. I wouldn’t buy US uranium producers right away (falling knives). Wait until after the official 232 announcement from Trump, there are a lot of good Australian/ Canadian/ African names out there

        https://www.axios.com/trump-wont-issue-quotas-on-domestic-uranium-4b7bd056-6047-4aad-b501-f9b62652b7f6.html

        • On July 12, 2019 at 10:44 am,
          Charles says:

          Thanks Snowy. Good information. Unfornuately the above two U.S. producers are the only ones I own. Fortunately it is a small tracking position in both!

          • On July 12, 2019 at 11:26 am,
            Matthew says:
          • On July 12, 2019 at 12:30 pm,
            Excelsior says:

            I hear ya Charles. Personally I’ve been following the Uranium sector since about 2010 and have a basket of stocks but 4 US companies: Energy Fuels, Ur-Energy, UEC, and Anfield and they’re all down “bigly” today. It stings a bit, but I was positioned in them long before the Section 232 petition was on the table, and I’ll be in them long after this story and news has blown over on the potential for US quotas.

            I even considered derisking some of the positions earlier this week since they were up so much, but didn’t want to do that and watch them spike up on on the news. Personally I was of the thought that Trump would vote for the US quota of 25% from US sources, but realized it was a binary outcome on this news. However, the market selling these companies down 30% on just this one news topic seems pretty exaggerated, and it is creating a new opportunity to add back to positions that had already run away.

          • On July 12, 2019 at 12:38 pm,
            OOTB Jerry says:

            Uranium 1……….this sector is going to be interesting………
            Hilly and Billy are going to make their own Nukes……Going to hide out at Epstein’s Island,
            before all the blackberries are picked………

          • On July 12, 2019 at 12:39 pm,
            Excelsior says:

            Good one OOTB. 🙂

        • On July 12, 2019 at 12:12 pm,
          Excelsior says:

          Australian uranium exporters winners as Trump dumps quota plan
          Jacob Greber – Jul 12, 2019

          “Australia’s $411 million uranium export industry to the US has dodged a bullet with Donald Trump set to reject calls from local mining companies and some Republicans for a 25 per cent “buy America” domestic quota.”

          “In a big win for lobbying efforts supported by Australia, it is understood Mr Trump will announce shortly that he won’t support recommendations from the US Commerce Department that would force nuclear power station operators to buy a significant portion of the radioactive fuel from US suppliers.”

          https://www.afr.com/news/world/north-america/australian-uranium-exporters-winners-as-trump-dumps-quota-plan-20190712-p526l8

          • On July 12, 2019 at 12:19 pm,
            Excelsior says:

            Sorry – I see Snowy had already posted this article up above, but I didn’t see that at first glance when I saw this Uranium discussion going on.

            Yes, Energy Fuels, Ur-Energy, UEC down about 1/3 today on the news (which is an over-reaction to just one news story, but it is a sell the news bonanza today). That stings a bit as I have a nice weighting in some of the US names, but I’m still above water on the positions despite the corrective move. I’m considering waiting to see if there is any follow through selling on Monday to add to them, as it’s obviously a big knee-jerk reaction to the Trump administration decision, but won’t matter a few weeks or months from now when these companies go back to tracking the sector and U price…. still it’s a bummer to end the week with such a Friday selloff.

          • On July 12, 2019 at 12:30 pm,
            Charles says:

            Thanks Ex. At least UUUU seems like a really good value here given the huge spike in volume and price drop to price that goes back to breakout last July which should be strong support. Backtest perhaps? Good call to wait and see what happens next week. Given the up sloping moving averages it seems like a snap back rally could happen. Enjoy the weekend everyone.

          • On July 12, 2019 at 12:36 pm,
            Excelsior says:

            Yes, markets tend to overdue things to both the upside and downside, so if there is any more selling pressure next week, I’ll put some money to work and add.

            Most of my positions (that I really fortified in late 2016) are still above water, but it has been a pretty big haircut on the gains I’ve been sitting on today, which isn’t a fun way to end the week in the Uranium sector.

            If I buy next week I’d still be averaging up, with the strategy for a quick swing-trade and that a snap-back rally could then be trimmed back again into a rebound, and that would lower my overall cost basis, and I’d move the extra funds back out to the sidelines.

          • On July 12, 2019 at 3:53 pm,
            Snowy says:

            The more knowledge that is spread about this industry the better. It’s opaque enough. Thanks for posting a clip of the article

          • On July 12, 2019 at 4:47 pm,
            Excelsior says:

            Agreed Snowy. The Uranium sector, and in particular the beat down miners, need all the eyeballs they can muster, as there are already enough headwinds from much of the complete BS garbage data and misinformation about the dangers of nuclear power and even disinformation about the spent fuel rods that keep some of the investors in the energy sector away thinking they are “doing the right thing” , and then buying into the much of the nonsense about solar and wind as the sole solution, which is 100% horse dung.

            Over time the nuclear sector as a continued valuable component (about 15-20%) of the global energy mix, will underpin the Uranium miners.

            In addition, the market overhang (from years of too much US DOE dumping on the spot market and underfeeding supply from the Khazaks and Russians) is finally being absorbed. The utility companies trying to lock down supply will be at the point over the next 2 years where the offtake contracts will need to be renegotiated up higher, and that is what will finally start to move the spot prices and longer term U prices in a meaningful way.

      • On July 12, 2019 at 12:49 pm,
        Excelsior says:

        Well, 2 of the US producers in the limelight from the Section 232 came out with a press release, that there has been no announced decision yet, but it seems like the writing is on the wall from a few different sources.

        One thing the market may not be taking into account though, is that Trump may not force quotas, but could put tariffs up on Australian or Russian Uranium supply, raising their prices, and this would still benefit US domestic producers in a round-about way.

        ______________________________________

        There Has Been No Announced Decision with Respect to the Uranium Section 232 Trade Action

        Ur-Energy Inc.; Energy Fuels Inc. – Jul 12, 2019

        https://www.prnewswire.com/news-releases/there-has-been-no-announced-decision-with-respect-to-the-uranium-section-232-trade-action-300884206.html

  6. On July 12, 2019 at 10:06 am,
    OOTB Jerry says:

    Gold bugs…….for gold stocks………
    http://financialsurvivalnetwork.com/2019/07/insanely-bullish-for-gold/#more-408956
    The melt-up is on! The Dow is headed to 35,000 by the end of 2020 and is probably headed north of 50,000 before the music stops and we all end up living in a spin-off version of The Walking Dead.

    Go long physical gold for protection, but that’s it. Invest 5 to 10% of your net worth maximum, in my opinion.

    The real wealth gains will be in silver and the mining shares that will outgain the metals 10-to-1, maybe 25-to-1 realistically, and for some, 100-to-1 vs. the metal.

    I’ve said this to gold bugs before and they hate it, but it’s true: if gold goes to $2,500, it’s not life-changing at all, it’s just a double.

    However, if gold goes to even $1,800, the gold stocks are going to see returns in the 500 to 1,000% range easily.

    • On July 12, 2019 at 11:26 am,
      JMiller says:

      I hope you are right Jerry because I am overweight physical silver and have a decent amount in the gold miners.

      • On July 12, 2019 at 12:26 pm,
        OOTB Jerry says:

        A lot is coming into play, ……I mentioned in an earlier post…..
        And, if we look at the Global Gold ETF Flow data put out by the World Gold Council, June 2019 had the highest amount of inflows for the past seven years:

        • On July 12, 2019 at 12:27 pm,
          OOTB Jerry says:

          When the bigs….start moving in. ….prices are going to rise…..

    • On July 12, 2019 at 11:37 am,
      b says:

      I think about JP Morgans largest ever hoard of silver in human history just ready to sell when they are ready.
      That gets dumped and down will come the price or the price stops appreciating when they decide.
      Either way, anyone with that much silver controls the price imo.

      I wonder if that hoard has something to do with gold rising and silver sitting?

      • On July 12, 2019 at 12:14 pm,
        OOTB Jerry says:

        JMP…….is just the store house for the govt……and the govt…

        • On July 12, 2019 at 12:20 pm,
          OOTB Jerry says:

          Remember , when the sheeple get ticked off, and have no food…..the silver will come out and be real money again…..Just as Kennedy wanted before the cia fraudster cabel knocked him off………
          Silver is the peoples money…..there is a lot of it, and a lot of debt …..Silver certificates could be back in style simular to the last one printed in 1957.
          Gold is going to be for the elites, same old story.

  7. On July 12, 2019 at 12:28 pm,
    OOTB Jerry says:

    Late in the day…..On a Friday……and gold up……

  8. On July 12, 2019 at 12:30 pm,
    OOTB Jerry says:

    Political events are happening……..Flynn court case unnoticed …..
    His co-conspiracy case was held today……..and nobody showed up……

    • On July 12, 2019 at 12:32 pm,
      OOTB Jerry says:

      The Dog and pony show….Epstein…case….tip of the iceberg….

  9. On July 12, 2019 at 1:59 pm,
    RICHARD/DOC says:

    Wow, the uranium sector has just gotten crushed—-time to get out my wish list and take a position.

    • On July 12, 2019 at 2:46 pm,
      Excelsior says:

      Hey Doc – see comments up above – It is due to Trump not backing the awaited Section 232 plan for quotas on utilities in US to purchase 25% from domestic producers. It was the US Uranium companies that got dumped today, as the Canadian and Aussie companies rose on the news.

      There hasn’t been an “official” announcement yet, and so there still may be more nuance where he says no to quotas, but says yes to tariffs on foreign uranium supplies. The market tends to overdo things, so I was doing a bit of nibbling in the afterhours markets this afternoon, but want to wait until next week to see if the selloff continues and then I’ll also be deploying more dry powder.

      • On July 12, 2019 at 4:32 pm,
        RICHARD/DOC says:

        Ex, thanks for the info—how do you like the fundamentals on ngd—the technicals are looking very promising.

        • On July 12, 2019 at 5:09 pm,
          Excelsior says:

          New Gold looks ripe to rise on this gold move, and they did a great deal to bring their house in order back in 2018, so they should have better times in front of them. I wasn’t a fan the last few years, but when they switched out their President & CEO last fall, and sold their Mesquite mine to Equinox at the end of last year to raise cash, and then worked on cost cutting measures at Rainy River and found better stopes at New Afton to go after, so their economics should be much better moving forward than in years past.

          They have a few development projects in the pipeline too that can be catalysts for higher valuations moving down the road.

          I considered them as a good turn around play, but have too many irons in the fire for Gold miners already.

          May your investing be prosperous.

        • On July 13, 2019 at 6:39 am,
          Blue says:
  10. On July 12, 2019 at 2:40 pm,
    Dick Tracy says:

    Frank Giustra sure likes Leagold Mining, https://www.canadianinsider.com/node/7?menu_tickersearch=lmc DT

    • On July 12, 2019 at 2:46 pm,
      Dick Tracy says:

      Maybe this has something to do with it, I haven’t been following Leagold but I sure have heard of Frank Giustra. DT
      https://web.tmxmoney.com/article.php?newsid=8171514797026311&qm_symbol=LMC

      • On July 12, 2019 at 2:52 pm,
        Excelsior says:

        Yeah Frank G. has been a fan of Leagold for a while now and already owned 2.5% so he is likely taking it up to a 3% stake now.

        Really most of the smaller and mid-tier Gold producers are still at very attractive levels, so I’ve been adding to companies like Argonaut, Roxgold, Equinox, K92, Jaguar, Alio, Northern Vertex, and now that they rolled back their shares even Mandalay.

        The masses and generalist investors haven’t even begun to make the connection that at $1400+ gold these producers all got a big boost to their margins in the later part of Q2 and especially moving into Q3.

    • On July 12, 2019 at 2:50 pm,
      OOTB Jerry says:

      Has to be some dirty money…..if Frank is involved……..

      • On July 12, 2019 at 3:49 pm,
        OOTB Jerry says:

        Wasn’t Frank involved in Uranium 1…..

        • On July 12, 2019 at 5:01 pm,
          Excelsior says:

          Yep, Frank G was involved with the Uranium One scandal, and is good buddies with Hilly and Billy, but many of the precious metals mining companies he invests in are legit. He’s been involved in a few different mining ventures, and Uranium One was the only one that got really shady.

          I don’t think he’s as sinister as most of their cronies, and most of his money came from Lionsgate Films (not politics), and he does do a lot of philanthropic work to help charities. However, I’m sure he gave to the Clinton Foundation, so maybe not all of it made it to good use.

          Regardless, he isn’t a dummy, and if he is buying into Leagold, it’s worth noting as DT did.

          • On July 12, 2019 at 5:52 pm,
            OOTB Jerry says:

            Only one you know of…… 🙂

          • On July 12, 2019 at 5:54 pm,
            OOTB Jerry says:

            Maybe, Frank is like Disney…… 🙂

          • On July 13, 2019 at 11:10 am,
            Excelsior says:

            Could be…. 🙂

  11. On July 12, 2019 at 8:27 pm,
    Ebolan says:

    Jerry, you out there???

    You see Hilly’s tweet???

    https://s3.amazonaws.com/lrc-cdn/assets/2019/07/12343.png

    • On July 12, 2019 at 8:55 pm,
      OOTB Jerry says:

      Not far from the truth