Mike Larson - Safe Money Report – Tue 1 Oct, 2019

Get used to low interest rates, so stick to what works in these environments

Mike Larson, Editor of The Safe Money Report joined me last night with some comments on how this low interest rate world impacts where he is investing. Mike was just at the Money Show in Philadelphia where he got a sense of what generalist investors are looking for. These shows can be a great judge of sentiment for a wide range of markets.

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Comments:
  1. On October 1, 2019 at 9:43 am,
    Tony says:

    I see a lot of good comments about Impact Silver.
    So I thought maybe get few shares during this pull back.
    Took a look at the latest financials and found this below.
    Not sure I see why it would be a good idea to put money there.
    As of June 30 – lost 3.7 million and only $800,000 in the bank.
    I’m thinking Ex, Matthew and others may have some better input to justify a buy.
    Any help is appreciated.

    During the six months ended June 30, 2019, the Company incurred a net loss of $3.7 million and cash outflows from
    operating activities of $0.7 million. At June 30, 2019, the Company had unrestricted cash of $0.8 million, current
    assets of $2.7 million and working capital deficiency of $0.4 million. As IMPACT is a producing silver mining
    company, its performance is heavily impacted by the price of silver; therefore, it is possible that internally generated
    cash flows may not be sufficient beyond 2019 and may affect the Company’s ability to cover its working capital and
    capital investments.
    The Company’s management is currently considering and pursuing various alternatives for future financing
    requirements, within the context of existing market conditions. These alternatives could include, but are not limited
    to equity financing, debt financing or other means depending on market conditions and other relevant factors at the
    time. Although the Company has been successful in closing a private placement subsequent to the period end (see
    Note 14), there can be no assurance that management will continue to be successful in its efforts to finance all the
    activities of the Company, as there is still volatility in debt and equity capital markets and other factors which may
    adversely affect the Company’s ability to implement a financing plan.

  2. On October 1, 2019 at 10:51 am,
    b says:

    Mat was saying a few days ago ipt was getting ready to move up, maybe he knows sumtin.

  3. On October 1, 2019 at 11:25 am,
    Matthew says:

    Tony, Impact Silver was in similar shape at the 2016 low when it traded at 11 cents (Cdn). Like virtually all junior miners, it is a highly speculative play that you should only consider buying if you believe that silver is going to go up.
    Silver went up about 50% in 2016 while Impact went up 11 fold.
    https://stockcharts.com/h-sc/ui?s=IPT.V&p=D&st=2015-04-13&en=2018-02-25&id=p69830557160&a=452559677

  4. On October 1, 2019 at 11:51 am,
    Matthew says:

    Gold is on a new MACD buy signal versus oil and that’s good for the miners.
    Gold is currently worth about 27 barrels but the big mining stocks move of 2016 began when gold was spiking to over 40 barrels.
    The long term (50 year) average is roughly 15 barrels per ounce of gold so the current level is quite good for the miners.
    https://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24WTIC&p=D&yr=1&mn=3&dy=0&id=p18884415904&a=691053511

  5. On October 1, 2019 at 12:45 pm,
    Tony says:

    Thanks Matthew and others for the feedback.
    I didn’t see the financing. That puts the cash thing to rest.
    but the loses are still scary.
    Higher silver price will hopefully lead them to a profit and a higher share price.

  6. On October 1, 2019 at 12:49 pm,
    SilverDollar says:

    Cory: Enjoyed listening to your discussion with Mike Larson. He’s intelligent and calmly argues his positions in a convincing way. I happen to agree with him that we’re in a transitional period where direction is a bit cloudy but will show it’s true meaning before too long. There’s no way our general markets can alone, hold their loftiness while the rest of the world is hanging by their fingernails above a sink-hole of issues caused primarily by over indebtedness. We’ll all sink together; just different schedules! PMs will be one of the few standing………..
    ness

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