John Rubino over at Dollar Collapse – Thu 12 Sep, 2019

A Big Picture Look At The Never Ending Trade Wars

I have been very busy at the Beaver Creek conference and will be sharing some of my favorite companies when I’m back next week. There are a lot of very interesting production and exploration stories that I think are still going under the radar. It’s been a great conference but sadly today is my last full day of meetings.

In the meantime here is a conversation I had with John Rubino regarding the ongoing trade wars. We take a step back from the day to day news to discuss where we see talks going as well as how economies around the world are being impacted.

Click here to visit John’s site – Dollar Collapse.com.

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Comments:
  1. On September 12, 2019 at 8:24 am,
    OOTB Jerry says:

    Talks change minute to minute……..news is not news……..news is what they want you to believe………..

  2. On September 12, 2019 at 9:32 am,
    OOTB Jerry says:

    Just another day……….in History……..
    https://www.zerohedge.com/markets/ceos-abandon-ship-record-159-chief-exec-exits-august-overall-layoffs-surge
    CHICAGO, September 11, 2019 – Increased churn continues at the chief executive position, as employers at U.S.-based companies announced 159 chief executive officer changes, the highest monthly total on record, according to a report released Wednesday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

  3. On September 12, 2019 at 9:32 am,
    SilverDollar says:

    JMO but I think John has a pretty good handle on the subject of this interview. He’s also capable of telling his thoughts in a way that’s understandable. Of course, most traders are always looking for things to unfold faster. Fact is, our future may not be real pleasant on the financial front…….

  4. On September 12, 2019 at 9:34 am,
    OOTB Jerry says:

    So far this year, 1,009 chief executives have left their posts, 15% more than the 879 CEOs who left the top spot at companies through August 2018. It is the highest total of CEO exits in the first eight months of a year since Challenger began tracking in 2002.

  5. On September 12, 2019 at 9:37 am,
    OOTB Jerry says:

    Back to the Shell game…oh, Shale game
    https://www.zerohedge.com/commodities/shale-boom-cools-employment-oil-and-gas-jobs-tumbles
    About 11,000 oil and gas jobs have been slashed from the prior year. These jobs were mostly in the “oil and gas support activities.”

  6. On September 12, 2019 at 9:41 am,
    OOTB Jerry says:
  7. On September 12, 2019 at 10:09 am,
    Dick Tracy says:

    We had coneheads in the 1970’s now we have boneheads, Trump wants to cut interest rates to the bone and beyond, The Federal Reserve is facing insolvency even though they can print as much money as they want. DT

    • On September 12, 2019 at 10:35 am,
      OOTB Jerry says:

      DT……..some of the coneheads are still around…… 🙂
      where is owl, by the way…….. lol

      • On September 12, 2019 at 10:43 am,
        OOTB Jerry says:

        Conehead of the Day……….J. Nadler……….

        • On September 12, 2019 at 11:00 am,
          OOTB Jerry says:

          Nadler likes to impeach any re-pub
          Nadler is the chair of the U.S. House Committee on the Judiciary and is a member of the Transportation and Infrastructure committees.[12]

          Despite earlier efforts to bring impeachment charges against George W. Bush,

  8. On September 12, 2019 at 10:13 am,
    CFS says:

    It is always what you don’t know you don’t know that gets you in the end.
    Trump and China are still quietly negotiating. ( the recent delay of tariffs that had been due to go into effect Oct 1, was at China’s request, because of Anniversary ).
    These are tough and difficult negotiations, because China’s growth is at the expense of the US. All negotiations end in compromise and I don’t think exactly where that compromise will end has been recognized yet by both parties, but they will eventually.

    • On September 12, 2019 at 10:55 am,
      james says:

      The Boys still in control ! I will drink one !

    • On September 12, 2019 at 11:08 am,
      OOTB Jerry says:

      China is dictating the trade war………..according Gregg M…..

    • On September 12, 2019 at 11:43 am,
      james says:

      The why they put the GOLD price down ! Is e crime against humanity ! Bankers it’s WAR ! BUY BUY BUY !!!!!

      • On September 12, 2019 at 11:46 am,
        OOTB Jerry says:

        I say……..stay well stocked………..gold out weighs any stock…. lol

  9. On September 12, 2019 at 10:52 am,
    OOTB Jerry says:

    Only the Shadow Knows……….. https://www.zerohedge.com/geopolitical/have-you-noticed-how-social-media-purges-always-align-us-empire
    We need to stop pretending FB & Twitter aren’t arms of the US state. For over a year they’ve deleted accounts of Iranians, Venezuelans, Russians, & Chinese simply for daring to voice opinions different from the imperialist narrative, under the aegis of combating “disinformation.”

    • On September 12, 2019 at 10:54 am,
      OOTB Jerry says:

      continued…..from the article………
      Whenever I criticize these Silicon Valley tech giants for de-platforming voices which dissent from establishment narratives, I always get a deluge of pushback from establishment loyalists and capitalism cultists who insist that Twitter, Facebook and Google are private organizations who are free to do as they like with their personal property, and, since they are not government bodies, what they are doing cannot strictly be labeled censorship. But we see time and time again that their behavior absolutely does fall in line with the agendas of the CIA and the US State Department, and continually discover more and more evidence of extensive overlap between these corporations and government power.

      • On September 12, 2019 at 10:56 am,
        OOTB Jerry says:

        Foes………of WE THE PEOPLE
        “I mean, we’ve seen Facebook partnering with the Atlantic Council, which is an offshoot of NATO, whose board includes people like Henry Kissinger, Colin Powell, Condoleezza Rice, and six or seven different former or current heads of the CIA.

  10. On September 12, 2019 at 11:50 am,
    OOTB Jerry says:
    • On September 12, 2019 at 11:53 am,
      OOTB Jerry says:

      Debt Clock………..$22.5 TRILLION…..and running at record speed…..

      • On September 12, 2019 at 11:56 am,
        OOTB Jerry says:

        1980…..Debt………$900 billion…..with a B……

        • On September 12, 2019 at 1:00 pm,
          Bonzo Barzini says:

          1980: gold 850 and silver $50 w/debt under a trillion
          2019: gold 1500 and silver 18 w/debt 22.5 trillion

          Silver looks like a steal!

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

            Ditto………….BB………….
            and only going to get BETTER……..

  11. On September 12, 2019 at 11:23 pm,
    Matthew says:

    Going back 12 years, September is the month least likely to see the gold miners close higher than they opened but I think it has a good chance of doing so this year despite all the new bearishness among the gurus.

    I don’t think we are technically where Jordan thinks we are:
    https://www.youtube.com/watch?v=C2oCIvOLkgE

    • On September 13, 2019 at 5:32 am,
      Excelsior says:

      I had looked back from 2001-2018 last year and noted that with the exception of 3 years 2008, 2016, and one other year I can remember, Gold had rallied from late July/early August into September, where September typically saw large rallies. I had posted a chart for every year showing the fall rally, and it was typically in full force during September. I didn’t look at where the miners started and ended each September though.

      This year reminds me of 2016 in that it bucked some of the normal season trends as Gold shot up during the summer doldrums instead of trading sideways to down, but hasn’t had the big move up in September like ususual.

      2016 was the only year in recent memory that raced up through August like this and then consolidated. Granted there is still a lot left to the month of September, so there may be another push higher, but typically the PMs are ramping higher this time of year to kick off the Fall rally.

      Here is a Gold seasonality chart that is the common pattern we saw moving from late Summer into Fall most years.

      http://equityclock.com/pictures/GoldFuturesGCSeasonalChart_2CFE/image.png

      • On September 13, 2019 at 5:35 am,
        Excelsior says:

        Here is a different Gold Seasonality Chart for 20 years through 2016:

        https://www.valuetrend.ca/wp-content/uploads/2017/06/gold-seasonals.png

      • On September 13, 2019 at 6:53 am,
        Matthew says:

        Yes, I know the seasonal tendencies that you’re referring to which is why I thought many might be surprised by the gold miners tending to close September lower than they opened it. GDX closed that month lower in 2011, 2013, 2014, 2015, 2017, and 2018. It will, in fact, be a tall order to close higher this year so I should have looked at the chart before commenting last night. So I’m glad you brought this up.
        Nevertheless, my point is the same: the gurus are too bearish about the weeks and even months straight ahead.

    • On September 13, 2019 at 6:09 am,
      confused says:

      Yes Matt,
      I think they are out to lunch on this one, especially when professional gold traders who actually do this for a living, have said that there is little serious resistance until after the $1600 mark. It’s good to be cautious, but that will lose you the largest move which is not far off. Surprises are to the upside now, not the other way around.

  12. On September 13, 2019 at 5:22 am,
    Excelsior says:

    Eric Sprott Announces Holdings in Dolly Varden Silver Corporation

    by @newsfile on 12 Sep 2019

    https://ceo.ca/@newsfile/eric-sprott-announces-holdings-in-dolly-varden-silver

  13. On September 13, 2019 at 8:02 am,
    Dick Tracy says:

    Jerry, have I GOT your attention, I might say GOTya. This video is The CEO of Goliath Resources (SYL- V.GOT) talking about their latest drill results, and he mentions that they are talking to 4 majors. https://www.youtube.com/watch?v=coFcp6W4-Dg&feature=youtu.be&t=2406

    • On September 13, 2019 at 9:16 am,
      OOTB Jerry says:

      Thanks…..nice station…..never used it before, but, I might start watching…..
      Interesting chat room…….

      • On September 13, 2019 at 9:36 am,
        OOTB Jerry says:

        Looks like one to watch……GOT…..IT…….

        • On September 13, 2019 at 11:30 am,
          Dick Tracy says:

          Whatever happened to Al, I heard he checked into Korelin jail and is watching home movies of the way things were. Jerry, Al has that tape of when you and Irish were thrown in his slammer. LOL! DT

          • On September 13, 2019 at 12:09 pm,
            irishtony says:

            Hi..DT…I just got a mental picture of AL sitting there , a large cigar in his left hand , a large glass of red in his right hand , & a large bucket of popcorn wedged between his legs….Laughing his ass off………….LOL.

          • On September 13, 2019 at 1:13 pm,
            OOTB Jerry says:

            🙂

          • On September 13, 2019 at 1:15 pm,
            OOTB Jerry says:

            Owl., only comes out when the moon is aglow …….tonight will be a full moon and it is the 13th. Lucky Friday……….

          • On September 13, 2019 at 3:22 pm,
            Ebolan says:

            Whatever happened to Al,…

            Boys! He will not be back until his emotional support clown is available! (The clown is in transient from NZ.)

            https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12267350

          • On September 13, 2019 at 3:24 pm,
            Ebolan says:
  14. On September 13, 2019 at 1:17 pm,
    OOTB Jerry says:

    The retards were on stage last night……….boy, oh, boy….what a bunch of idiots…..does not say much for the people in the district who voted for those morons………

  15. On September 13, 2019 at 3:24 pm,
    CFS says:

    Activistq Tommy Robinson has been released from prison two months after he was jailed for contempt of court.

    Robinson, whose real name is Stephen Yaxley-Lennon, emerged from the Belmarsh maximum security facility with a beard and bushy hair.

    He said: “I know I look a mess … first stop hairdressers.”

    Robinson added: “I look like a little cowardly convert … Salaam-Alaikum,” using the Arabic for “peace be unto you”.

  16. On September 13, 2019 at 5:03 pm,
    Marty says:

    Commercials full frontal attack on the Spec Longs by a – net 82000 contracts thru Tuesday.

  17. On September 13, 2019 at 5:20 pm,
    Marty says:

    I love AXU down hear near $2

    • On September 14, 2019 at 6:25 am,
      Excelsior says:

      +2 Marty.

      I’ve been adding a bit more to my AXU at the end of this week and have been waiting for it to pull back so I could grab more.

  18. On September 13, 2019 at 6:50 pm,
    Chartster says:

    I find it hard to believe that people actually think gold is going up from here. If there was ever a time to exit, it was a few days ago.

    Yes Matthew, record it. 😉

    • On September 13, 2019 at 8:04 pm,
      Matthew says:

      Chartster, I really think that YOU ought to record your calls. If you did so, you might think twice about making any of them public. I can’t remember one that was close to correct and the last time you said gold was going to plunge it went up a couple hundred bucks.

    • On September 13, 2019 at 8:11 pm,
      Matthew says:

      Gold was $1100 at the time of this gem (gold is up $460 since):
      On January 10, 2016 at 4:16 pm,
      Chartster says:
      Bill,
      There are some of us that “know” gold is going down. When it does hit bottom, it will be the buying opportunity of a lifetime. And it will hit 5,000! And it won’t take long to do it.

    • On September 13, 2019 at 10:56 pm,
      Matthew says:

      Gold just made a new 5 year high versus the 30 year T bond and that’s a good sign for the whole gold sector:
      https://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24USB&p=W&yr=3&mn=11&dy=0&id=p78422639347&a=672975113

    • On September 14, 2019 at 7:09 am,
      OOTB Jerry says:

      This is going to be funny…………..tell the rest of the world., they should not have gold….
      Chartster, …….I think you are wrong on the above statement…
      “going up from here”………well, I guess if, the TIME is OPEN, and and you could say, in the next week or two, month or two, year or two,….maybe you will have a hope and a prayer your statement becomes fact.
      Long term, gold is going up, and you can take that statement to your favorite bank, giving the delightful return of zero to negative return.
      Now, if, you want to make a further statement as to WHY, you think GOLD is going nowhere, …….here is YOUR OPPORTUNITY…………
      Always enjoy your comments…….but, this one has me baffled…..Respectfully…….OOTB

      • On September 14, 2019 at 9:42 am,
        OOTB Jerry says:

        Chartster……….bring me up to speed on the “Q”……….understand, it was a Fake Out…
        just asking…..what do you think…..thanks……..

        • On September 14, 2019 at 12:56 pm,
          OOTB Jerry says:

          What am I missing………?????????
          Jim/Bill,

          If Central Banks are scrambling for gold at any cost, shouldn’t everyone be?

          “Price is not the determining factor in central bank buying—

          When central banks are “buying as heavily as they are, it provides cover and a rationale for other central banks to do the same.”

          They smell a massive currency war in the air and are diligently preparing for the aftermath.

          “The moves are due to concerns about the outlook for currencies, including the dollar and the euro, says Mark O’Byrne, research director at GoldCore in Dublin.

          O’Byrne added that the risk of the trade war descending into a currency war may also be feeding central bank diversification into gold.”

          When there is no where else left to turn, people will realize the true value of gold!

    • On September 14, 2019 at 8:27 am,
      Excelsior says:

      As far as Gold, it started it’s new bull market after the Dec 2015 low of $1045.40 and has gone up about $500 from there. I don’t believe this recent move up into late August/early September was the end of Gold’s move higher, but a longshot.

      This move is only in the early stages of a 3rd Wave. The first wave was leaving 2015 and the surge into 2016 that continued up until August, then the second wave was the long sideways to down consolidation move, and then the next wave higher started in Dec 2018 tax loss (or some are preferring to start counting at the move out of May, but the move off the intermediate low in Gold was actually Dec 2018).

      Where this 3rd leg tops out is still to be determined, but I still feel a move into the $1600’s or low $1700’s is not out of the question. The PMs needed to correct over time and price for a while, and that is what we are seeing play out here over the last 2 weeks. It is healthy, was expected, and was overdue.

      I’ll be waiting to see if there is much downside left this next week, and deploying my remaining dry powder on dips that we see through year end.

  19. On September 13, 2019 at 9:06 pm,
    buzz says:

    Why pay top dollar? Looks like the central banks will buy the slaughter in gold