Chris Temple from The National Investor – Fri 13 Mar, 2020

Stimulus and interventions helping stocks but not the precious metals

Chris Temple joins me for a discussion on why we are seeing a bounce in US markets but not safe haven assets. Gold and silver are breaking some key support levels. The underlying stocks have been crushed this week but is a bottom near?

Click here to visit Chris’s site to keep up to date on how he is dealing with this crazy volatility.

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Comments:
  1. On March 13, 2020 at 12:32 pm,
    OOTB Jerry says:

    JUST INFO
    By Torgny Persson
    Bullion Star, Singapore
    Friday, March 13, 2020

    Gold buying by central banks is at a 50-year high, with sovereign gold buyers having added a net 650 tonnes of physical gold to their strategic monetary reserves in each of the years 2018 and 2019.

  2. On March 13, 2020 at 12:48 pm,
    RICHARD/DOC says:

    Purchased some gold and sillver this afternoon after the carnage.

    • On March 13, 2020 at 1:10 pm,
      cfs says:

      I tried to buy a mere 10 oz of platinum at under $800 an oz, and a few tousand oz of silver at a reasonable price….SDBullion, Provident Metals, JMBullion…
      Nothing available at any reasonable price.

      • On March 13, 2020 at 2:05 pm,
        OOTB Jerry says:

        Humm……. swamped, or they just did not want to sell their product today…..
        waiting for higher prices next week…..

        • On March 13, 2020 at 5:15 pm,
          Nigel says:

          I bought Gold and Silver after the carnage, looked too cheap and the size of the made no real sense to me. We’ll see what happens next week…

  3. On March 13, 2020 at 12:59 pm,
    Gerald says:

    Oh my. GDX down huge into the close. I have never seen anything like this in a single day.

    • On March 13, 2020 at 1:12 pm,
      Matthew says:

      GDXJ gapped up 19% and then fell as much as 34% from today’s high. Wild stuff.

      Now that the entire vertical move of 2016 has been retraced, we can start all over again.
      https://stockcharts.com/h-sc/ui?s=GDXJ&p=W&yr=5&mn=0&dy=0&id=p48441566677&a=726755492

      • On March 13, 2020 at 4:13 pm,
        Excelsior says:

        I was wondering when GDX and GDXJ were going to get the memo…. as they had remained elevated in comparison to the rest of the gold mining sector.

        Most of the other Junior miners are back down close to their 2016 levels, which is insane considering how much higher Gold is now than it was then, but that is what happens in a panic selloff, where fear trumps fundamentals or technicals.

        • On March 13, 2020 at 4:30 pm,
          Excelsior says:

          One bright note is that it did seem like mid-way through the day, much of the selling started to get exhausted and finally the accumulation and buying began.

          This was the most positive day I’ve had in the portfolio all week, with the first green shoots in the PMs in some time, and with Uranium and Lithium stocks finally rallying out of nowhere.

          • On March 13, 2020 at 4:37 pm,
            RICHARD/DOC says:

            Volume wasn’t as great today which is encouraging. The sellers are about finished although we may languish down here for awhile which wouldn’t be all too bad.

          • On March 13, 2020 at 5:29 pm,
            Excelsior says:

            Good point about the volume coming down in many miners selling, because it sure seemed like the selling was drying up in the last 1-2 hours of trading, and a number of Gold and Silver producers and developers actually ended the day in the green.

            Most encouraging was in the after-hours trading (where I often look for bargains) there were few deals to be found as many of the mid-tier producers and larger developers were surging higher in the afterhour sessions. The value-hunters were out and nibbling.

      • On March 13, 2020 at 4:24 pm,
        Excelsior says:

        Today was also when the GDXJ index was rebalanced and here is how it looks. (most of the holding are definitely not “Junior” miners)

        http://cdn.ceo.ca/1f6o1sk-MVGDXJ_Quarterly-Review_2020-Q1.xls

  4. On March 13, 2020 at 1:00 pm,
    OOTB Jerry says:

    Prices ……..of silver especially ………looks OUTSTANDING……..

    Anyone listen to the President………..Everything has just turned…….VIRUS is going bye, bye……..President has done a GREAT JOB , …on getting all companies to cooperate….
    CVS, Roche, Walmart, Target, ……Plan of attack, could never have been accomplished under OBAMA

    • On March 13, 2020 at 1:05 pm,
      OOTB Jerry says:

      Gold swing………was about $200 this week…………what a week……

    • On March 13, 2020 at 1:13 pm,
      cfs says:

      I don’t like the way the President sounds…..he seems so tired.
      I’m concerned for his health.

    • On March 13, 2020 at 1:16 pm,
      OOTB Jerry says:

      Outstanding……….meaning you need a LONG TERM OUT LOOK……..because it is not going up overnight……jmo

    • On March 13, 2020 at 1:18 pm,
      b says:

      https://medium.com/@tomaspueyo/coronavirus-act-today-or-people-will-die-f4d3d9cd99ca

      Coronavirus: Why You Must Act Now – Tomas Pueyo

      Im not sure Trump did the best that could be done.

      • On March 13, 2020 at 2:14 pm,
        OOTB Jerry says:

        What else, would you have him do, today…………?
        Considering everything going on…….I think he did a Great JOB…….on a Friday,
        can you imagine , having to deal with Chuck and Nancy all week…..
        Let alone,,,,,,,,dealing with the market……

        • On March 13, 2020 at 2:16 pm,
          OOTB Jerry says:

          What if , OBAMIE, Commie, was still in office………..The dumb ass, could not even get the healthcare compute to work……..

          • On March 13, 2020 at 2:17 pm,
            OOTB Jerry says:

            computer…….

  5. On March 13, 2020 at 1:00 pm,
    Gerald says:

    It recovered like 9% in the last minute. Absolutely unreal stuff.

  6. On March 13, 2020 at 1:07 pm,
    larry says:

    https://www.brighteon.com/376217da-ad5a-4e9e-95f4-d13dab9fae8a
    Trump continues to follow through today…With agressive testing using the closest government /corporate non military war effort in history…Expect things to be minimized as much as humanly possible….great news!

  7. On March 13, 2020 at 1:08 pm,
    Gerald says:

    The GDX just gave back a whole year’s worth of gains against the Dow in a single day. Absolutely crazy stuff in metals and US stocks. They just will not let metals or miners win apparently.

    • On March 13, 2020 at 1:16 pm,
      cfs says:

      There’s no physical available at anything close to COMEX prices.

      This simply cannot last long.

      • On March 13, 2020 at 1:59 pm,
        Gerald says:

        Since the US stock market started its crash on February 18, it is up about 35% vs GDX.

        The long 4 year consolidation in GDX has been so worth it for those with perserverance. Not.

      • On March 13, 2020 at 2:07 pm,
        OOTB Jerry says:

        THAT IS WHY…….CRIMEX CME LBMA……..is a SCAM………

    • On March 13, 2020 at 4:18 pm,
      Excelsior says:

      Overall this was the best day of week for me in my trading portfolio and I actually closed up 1.5% today overall, for the first green day of the week.

      Some of that was because the Uranium and Lithium stocks were peppy today.

      I haven’t done the calculations yet on the PM stocks in a spreadsheet by themselves but at first glance I was down around 5% in just the Gold & Silver stocks, and that is better than I was expecting, and a number of them ended in the green today, which was quite refreshing for a change. It seems like value hunters came in mid day and started buying into the close in many stocks.

      • On March 13, 2020 at 4:25 pm,
        Excelsior says:

        It also appears that a number of the Gold developers and the Royalty companies got a positive bid later in the day, so that was nice to see.

      • On March 13, 2020 at 4:41 pm,
        Excelsior says:

        I didn’t hear many discussing the very good day in the #Uranium space today.

        Very nice to see some ~Green shoots! (thank goodness for diversification)

        Symbol – #Uranium Companies – Daily Change %
        API.CN Appia Energy Corp. +40.00%
        UEC Uranium Energy Corp. +35.31%
        AL.V ALX Resources Corp. +33.33%
        AAZ.V Azincourt Energy Corp. +33.33%
        LTBR Lightbridge Corporation +12.77%
        VMY.AX Vimy Resources Limited +11.11%
        NXE.TO NexGen Energy Ltd. +10.75%
        UUUU Energy Fuels Inc. +10.10%
        SYH.V Skyharbour Resources Ltd. +10.00%
        UWE.TO U3O8 Corp. +10.00%
        BOE.AX Boss Resources Limited +9.76%
        MGA.TO Mega Uranium Ltd. +8.33%
        LAM.TO Laramide Resources Ltd. +7.69%
        ISO.V IsoEnergy Ltd. +7.14%
        URG Ur-Energy Inc. +6.49%
        GXU.V GoviEx Uranium Inc. +5.26%
        DNN Denison Mines Corp. +5.04%
        CCJ Cameco Corporation +4.50%
        NLR VanEck Vectors Uranium+Nuclear Energy ETF +2.98%
        URA Global X Uranium ETF +2.49%
        PLU.V Plateau Energy Metals Inc. +2.38%
        U.TO Uranium Participation Corporation +2.11%

        • On March 13, 2020 at 8:20 pm,
          Excelsior says:

          Good interview from UEC Uranium Energy Corp which was up 35% today.

          Uranium Energy: Ready for a Fast Restart of US Based Uranium Production

          Swiss Resource Capital AG – March 9, 2020 #VIDEO

          “Interview with President & CEO Ami Adnani. Uranium Energy is looking forward to the final decision of the Nuclear Fuel Working Group to revitalize domestic Uranium and nuclear fuel cycle.”

          https://www.youtube.com/watch?v=cgESs-vY0iI&feature=emb_logo

        • On March 13, 2020 at 8:24 pm,
          Excelsior says:

          Energy Fuels (UUUU) (EFR) – Front Foot Planted, We Don’t Move Backwards (Transcript)

          Matthew Gordon, Crux Contributor – 13th March 2020

          Interview highlights:

          1:31 – News Release: Why Did They Do it?
          4:05 – DOE Announcement: Does Energy Fuels Know Something the Rest of Us Don’t?
          6:33 – Financial Position at Present and Valuations of Stock
          7:31 – Possibilities to Sell Vanadium
          9:04 – Use of Proceeds: M&A and Project Focus
          13:17 – White Mesa Mill: Are There Talks of Other Companies Using the Mill?
          15:02 – $150M for the Creation of Uranium Reserves: Conversations with Miners on Price

          https://cruxinvestor.com/opinions/energy-fuels-nyse-uuuu-front-foot-planted-we-dont-move-backwards-transcript/

        • On March 13, 2020 at 8:39 pm,
          Excelsior says:

          Ur-Energy (TSX: URE, NYSE: URG) – Two can really ease the pain

          CRUX Investor – Mar 10, 2020 #VIDEO

          2:08 – Company Overview
          4:08 – Section 232: Drivers Leading to the Petition
          10:39, 25:06 – DOE Announcement: $150M Distributed How and For What?
          12:52 – Business Plan: Decisions, Cost Cutting Measures and 2019 Sales & Inventory
          18:06, 27:17 – Contracts vs Spot and the Likelihood for Junior Company Funding
          19:37 – Value Creation and Moving Forwards: Where Will UR-Energy sit in 2021?
          37:06 – Struggles Fuelling M&A Talks: A Look at the Unfolding Situation

          https://www.youtube.com/watch?v=DBbdJaX8Q7c&feature=youtu.be

      • On March 13, 2020 at 5:03 pm,
        Excelsior says:

        It was also refreshing to see ~green shoots in the #Lithium stocks today, when so many other sectors were getting trounced.

        Symbol – #Lithium Stocks – Daily Change %

        OWLI.CN One World Lithium Inc. +37.50%
        ML.V Millennial Lithium Corp. +21.43%
        CRE.V Critical Elements Lithium Corporation +16.98%
        FMC FMC Corporation +13.70%
        SYA.AX Sayona Mining Limited +12.50%
        AAL.V Advantage Lithium Corp. +11.63%
        GXY.AX Galaxy Resources Limited +10.42%
        PLS.AX Pilbara Minerals Limited +9.38%
        LI.V American Lithium Corp. +9.09%
        PKX POSCO +8.46%
        MIN.AX Mineral Resources Limited +7.50%
        QMC.V QMC Quantum Minerals Corp +7.14%
        XMG.CN MGX Minerals Inc. +6.67%
        ORE.AX Orocobre Limited +6.31%
        LAC Lithium Americas Corp. +6.13%
        MMS.V Macarthur Minerals Limited +5.88%
        NLC.V Neo Lithium Corp. +5.56%
        LTUM Lithium Corporation +5.16%
        ALB Albemarle Corporation +4.97%
        SQM Sociedad Quimica y Minera de Chile S.A. +4.57%
        NMT.AX Neometals Ltd +3.13%
        LIT Global X Lithium & Battery Tech ETF +2.75%
        PLU.V Plateau Energy Metals Inc. +2.38%
        SLL.V Standard Lithium Ltd. +1.79%
        BCN.L Bacanora Lithium Plc +1.32

      • On March 13, 2020 at 5:07 pm,
        Excelsior says:

        Sorry to interrupt the daily programming of fear, uncertainty, and doubt with really good news and performance in 2 commodity sectors that investors on here used to like discussing.

        > Now back to your regular programming of doom and the end of humanity, political squabbles, and the certain end of the earth. 😉

  8. On March 13, 2020 at 1:44 pm,
    Gerald says:

    All of the progress the metals and miners made over the last year have been pretty much wiped out in 3 weeks.

    Gold is almost surely next up on the chopping block, and silver is almost guaranteed to make a new multiyear low within the next 2 months, if not a lot sooner.

    • On March 13, 2020 at 1:57 pm,
      Matthew says:

      GDX:SPY did manage to close above a couple of important supports:
      https://stockcharts.com/h-sc/ui?s=GDX%3ASPY&p=W&yr=5&mn=6&dy=0&id=p57790761836&a=726869771

    • On March 13, 2020 at 4:28 pm,
      Excelsior says:

      Gerald – the last 3 weeks wiped out a lot more than the last year’s gains in many stocks.

      There are plenty of stocks that had the last 4 years gains wiped out in the last 3 weeks.

      That’s been my point the whole time… this has been the most extreme selling in the miners that I can remember – way worse than 2013 or 2015, and more like 2008.

      • On March 13, 2020 at 5:02 pm,
        Ozibatla says:

        And somehow I dont think its over. More red to come in PMs.

        • On March 13, 2020 at 5:06 pm,
          Excelsior says:

          It’s quite probable Ozibatla, but there were some gold producers and developers that actually turned their ship around towards the middle of the day and rebounded into the close to turn green. Also there were a number of stocks up in after-hours trading, because I was looking to get in a few that were surging higher.

          After a terrible 3 weeks, the PM stocks are at least due for a small relief rally before the next round of pain. 🙂

  9. On March 13, 2020 at 2:23 pm,
    OOTB Jerry says:

    Hummmmmmmmm. BILL GATES RESIGNS………From Microsoft Board
    https://www.zerohedge.com/markets/bill-gates-resigns-microsoft-board

    VIRUS……..scandal ………maybe……..hummm

    • On March 13, 2020 at 2:26 pm,
      OOTB Jerry says:

      AND……..BH………….Earlier today, Gates stepped down from the board of Berkshire Hathaway, t

      • On March 13, 2020 at 2:28 pm,
        OOTB Jerry says:

        dedicate more time to his philanthropic priorities.

      • On March 13, 2020 at 4:53 pm,
        james says:

        Same G5 waves maybe ?

  10. On March 13, 2020 at 2:32 pm,
    Chris says:

    I find Chris Temple’s repeated jabs at other newsletter writers pushing bad investments to be ironic, cause the worst stocks in my portfolio are all his, and this was before the crash. Far resources, Emerald Health, NULegacy, Imagin Medical – plus all the crap of his i sold and forgot about. his commentary is insightful and timely, but his stock picks are a disaster.

  11. On March 13, 2020 at 5:07 pm,
    Ozibatla says:

    Silvers price plunge has left me depressed! It fell out of bed, fell through the bedroom floor and straight into its grave pit. Poor old silvers got some climbing to do. I nearly s*it myself when I saw the price plunge. Lucky it wasnt literally as I cant even buy any toilet paper or tissues, or hand towels.

    • On March 13, 2020 at 5:18 pm,
      Excelsior says:

      Great point about Silver crapping the bed….. and we should have all gone long on toilet paper instead, but now it is sold out (just like the 2020 Silver eagles).

      This may be a good time for us to reintroduce our KER brand of Precious Metals Depends.

      “When the Gold and Silver markets takes a dump, let it all go with Precious Metals Depends.”

      — Celebrity spokesperson: Turd Ferguson

    • On March 13, 2020 at 5:24 pm,
      Nigel says:

      I’ve got plenty of toilet paper, it’s my biggest position now that my silver is worthless. On a serious note, I looked to buy some gold Britannias today and the premium had doubled which shows there must be quite a lot of buying interest or the dealers don’t think the price will fall further

      • On March 13, 2020 at 5:26 pm,
        Excelsior says:

        Good point Nigel. While the falling Silver price is bad for our miners and morale, it is exactly what gets Silver stackers excited about buying the bullion.
        ______________________________________________________________________________

        2020 American Silver Eagle Bullion Coins Temporarily Sell Out As Demand for Silver Surges

        by Mike Unser – March 13, 2020

        “Inventories of 1-ounce, .999 fine American Silver Eagle bullion coins are temporarily depleted, the United States Mint announced Thursday, March 12.”

        “Sales of the silver coins jumped this week by 1.57 million pieces, boosting their 12-day March total to 2,320,000 pieces — the highest for the month of March since 2016.”

        https://www.coinnews.net/2020/03/13/2020-american-silver-eagle-bullion-coins-temporarily-sell-out/

        • On March 13, 2020 at 5:42 pm,
          OOTB Jerry says:

          On March 13, 2020 at 5:28 pm,
          OOTB Jerry says:
          Most of those are overpriced………..the nice thing about Eagles, if, you have some old ones that are MS 70s
          Example…..
          1987………..$1150
          1988……….. $1150
          1989………..$2400
          1990……….. $6500
          1991………..$3500…
          1992………..$2500
          1993………..$6000
          1994………..$9000
          1999…………$13,000…….
          REPOST for those who missed it…..

          • On March 13, 2020 at 5:45 pm,
            OOTB Jerry says:

            As I said……..these are current values at PCGS…..graded and slabbed MS 70…

  12. On March 13, 2020 at 5:56 pm,
    buzz says:

    The day may yet come, when conventional markets take a tumble and PM stocks soar. Uh, does that sound inflationary?

  13. On March 13, 2020 at 6:19 pm,
    Bill says:

    Howdy…Nobody cares…. and I haven’t been watching the market much as we are RVing around in lovely Arizona Cali and now Oregon coast.
    As I said a couple weeks ago a disaster was in the making. Last week I said Golds were going out with the Baby and Bathwater. I said grab some JDST…..up 300% in 4 days. TIME TO COVER. Gold as safety in crises is a bloody fallacy. There’s a time when to hold and a time to fold’em. I added to my REITs cause I dunno where you can pickup Realestate at 30% OFF in a week!!! Paying 5.5 – 7.5% DIV now. Sweet I think :-/

    • On March 13, 2020 at 7:58 pm,
      buzz says:

      Oregon is on the coast? Think I’ve been in Portugal too long

      • On March 13, 2020 at 8:29 pm,
        Bill says:

        LOL. Yes The State of… and near Astoria…bloody cold compared Lake Havasu Arizona!
        Great Gov camp grounds!! We need to send the stupid canucks down here for a lesson…Booking it back to the Sunshine coast BC..Before we cant LOL…
        Hope all is well over there…Makes us all feel like fam….Virus can kill us all the equally. Glad its not the Ebola…Its a cake walk but the economic outfall is beyond mosts comprehension.

  14. On March 13, 2020 at 7:31 pm,
    Bill says:

    AND serious technical damage now down to the PM sector.

  15. On March 13, 2020 at 11:14 pm,
    Bill says:

    AND Mathew are you smoking the wacky!!!? You defend PMs ??? Sorry they were fuking crushed! My Multi mill RE will out stand any fool their opinions and their crap gold. I stated this before..
    Its a hold and fold asset. You get caught on the upside and poof and goodbye.
    Hey and your the tops so…..I respect that!

    • On March 14, 2020 at 12:52 am,
      Matthew says:

      You’re a strange one, Bill. You hate the miners for the same reason I love them: volatility.
      If you don’t know what to do with it, don’t play. It will never change so why do you keep coming back? We both know why; you’re drawn to a quick buck just like anyone else. Just remember that it will never get easier for you.

      I was a buyer today and yesterday but something tells me you won’t get interested again until your FOMO kicks in near the next top. Oh well, at least you’ll have some write-offs. Again.

      • On March 14, 2020 at 8:55 am,
        Bill says:

        I covered my JDST

  16. On March 13, 2020 at 11:19 pm,
    Bill says:

    I SAID YOU SHOULD BE IN CASH AND NOT MESS AROUND WITH THIS KIND OF VOLATILITY!! Stop kissing your own ass.

  17. On March 13, 2020 at 11:30 pm,
    Bill says:

    You can tell my RV is parked with cell service.
    Go look at BTO YRI GOAU and others and tell me how gold, and stocks are a function in the world to save your ass….a joke.!!!??

    • On March 14, 2020 at 8:53 am,
      OOTB Jerry says:

      Bill that is a questionable statement
      Gold…….in 1971……$35.
      Gold ……..2020…….$1550-1706…..

      Long term gold has returned 8-9% year over year……..do the math.
      BTW………not advocating putting all eggs in one basket…..diversification
      Just saying and not for confrontational discussion………just stating facts….

      • On March 14, 2020 at 8:55 am,
        OOTB Jerry says:

        Phyz……..not stocks……..being your own banker…….

      • On March 14, 2020 at 10:21 am,
        Excelsior says:

        Bingo OOTB!

        A solid point on gold’s performance versus real estate over time, and on being diversified.

      • On March 14, 2020 at 12:45 pm,
        JMiller says:

        Correct. Gold has about an 8% average annual rate of return since 1971.

        • On March 14, 2020 at 1:20 pm,
          OOTB Jerry says:

          Someone , said the other day…….
          if was 4400%….over 49 yrs…..so…. you get 8.9%
          A couple of years ago……..it was 9.2%………
          When it blows past $1900 again……should be a lot different, but,
          Year over year…….it will keep steady with inflation…..

          • On March 14, 2020 at 3:14 pm,
            JMiller says:

            It is around 8% for the last 49 years based on several calculators I used like the one below.

            http://www.moneychimp.com/calculator/discount_rate_calculator.htm

            Present Value: 35
            Future Value: 1500
            Years: 49
            Compound Annual Growth Rate: 7.97%

          • On March 14, 2020 at 3:18 pm,
            JMiller says:

            Another calculator with same results. 7.97% annual return

            https://www.buyupside.com/calculators/annualizedreturn.htm

          • On March 14, 2020 at 3:40 pm,
            JMiller says:

            “Year over year…….it will keep steady with inflation”.

            In some time frames that is true and in some time frames gold even beat inflation but in other time frames gold lost a good deal of it’s purchasing power. For example from 1980-2020, which is 40 years, gold lost about 40% of its’ purchasing power. 1 ounce of Gold would need to get to almost $2700 today just to buy the same amount of goods and services as it could back in 1980 when gold was at $850.

          • On March 14, 2020 at 4:23 pm,
            OOTB Jerry says:

            JM……..those are some valid points……….
            Buying anything can lose it’s value from time to time…..
            Your point is well taken……..and that is exactly why gold should be $2700 today.
            Looking at the US DEBT Clock…..it should be $8850 ….based on the paper .

          • On March 14, 2020 at 6:02 pm,
            Matthew says:

            That’s right Jerry. It’s better to look at some kind of average rather than brief spikes up or down. The absolute high in 2011 was 1923 for gold but the average monthly close that year was 1575. In 2001, the average monthly close was 273. So, being conservative, gold still went up 5.77 times in a decade. That means that the dollar fell over 80%.

          • On March 14, 2020 at 6:14 pm,
            OOTB Jerry says:

            Thanks for the back up Matthew……

  18. On March 14, 2020 at 7:49 am,
    OOTB Jerry says:

    The biggest risk to REITs is when interest rates rise, which reduces demand for REITs. In a rising-rate environment, investors typically opt for safer income plays, such as U.S. Treasuries. Treasuries are government-guaranteed, and most pay a fixed rate of interest.F
    Eventually…………rates are going to rises……….just saying…….
    And you would have to agree…….some day rates are going to rise…….
    Returns on bonds…..at negative rates………like duh……
    Look ahead, ……..real estate is eventually, going to crash…..it, has before and will again…ride it while you can………
    This is by no way a slam on your investment….
    I also, like dividends……

    • On March 14, 2020 at 8:06 am,
      OOTB Jerry says:

      also, enjoyed you being here, but, please , this is not a pissing contest, nor a he man contest, …….and we all like to be right sometimes…….makes us feel good, but, it really does not matter in the long run……Man’s ego, and the top of the pyramid , …everyone here will never be………..We are all sheep to the slaughter,….just dragging our feet till the end ………No one here hates you making a good investment, ….we all encourage everyone in different investment angles……NO ONE IS RIGHT ALL THE TIME,….
      You will know that as you get older, and lick some of your wounds….THE OLD FAT…OOTB

      • On March 14, 2020 at 8:10 am,
        OOTB Jerry says:

        Btw…….Glad you enjoyed your trip to the desert …….

        • On March 14, 2020 at 8:35 am,
          OOTB Jerry says:

          Sorry……..FAT…..to FART………….since I do not have a weight problem….. 🙂

          • On March 14, 2020 at 8:00 pm,
            Excelsior says:

            …just as long as it wasn’t a Fat Fart…. 😮

    • On March 14, 2020 at 9:08 am,
      Bill says:

      I think so OOTB!!!…rates will rise but that’s a ways out. And Mathew who said I hate miners just because most are not sustainable business over the long haul..Tons fail over the decades. BUT I will be buying soon as a signal comes in. Most have performed very poorly. One could just buy the DOUBLE BULLION ETF and be assured of a return….I called this disaster and thats a FACT…if you want to ride the collapses down be my guest…NO bloody thanks. Im not a gold stock burger flipper..heading for the boarder hope we get back to Canada LOL…Best to all

      • On March 14, 2020 at 9:18 am,
        OOTB Jerry says:

        Bill…….I have stated years ago……..I do not own one share of mining stocks..YET, but, I am not a stock trader….just not my style….Not trying to say I am smart, just have a hard time with deciding WHO is not a con man in the mining sector…..
        Phyz…….in safe places…..I know the game on the phyz…….or at least I think I do…
        As long as there is a FAKE FED…….gold is going up……..based on history….

        • On March 14, 2020 at 9:25 am,
          OOTB Jerry says:

          Dang Bill, …….You hate gold bugs………humm……..maybe we can change the name to
          Goldfarts. or Gold Fake Fed Farts………………..lol

          • On March 14, 2020 at 9:31 am,
            OOTB Jerry says:

            Being a Gold bug…………is in my opinion……..a Say NO to a FAKE FRAUD DEBT SYSTEM of debt slavery………….Do you know anything about clipping of coins in Roman times…
            Do you know anything about interest rates. and usury…..Do you know anything about the Act of 1913, income tax for the benefit of money changers……..
            Bill……..do yourself a favor………and get some history books……..
            Fiat currency NEVER LAST ………..for any civilization ……
            Gold always last……….think why are the banks now accumulating gold…….THINK Pooh.

          • On March 14, 2020 at 9:37 am,
            OOTB Jerry says:

            When gold goes to ZERO……..then I will say ,……hummm BILL WAS RIGHT…..
            Or maybe THE BILL OF RIGHTS, …..might give some a further clue, what is being taken from every Sheepl in the USA…………Damn…….this is getting OLD…..

        • On March 14, 2020 at 10:26 am,
          Excelsior says:

          OOTB – You could always buy one or even a basket of the Gold royalty companies like Franco Nevada, Royal Gold, Wheaton Precious Metals, Sandstorm, Osisko Gold Royalites, Maverix Metals, Metalla Royalty, EMX Royalty, etc…

          That way you get exposure to the gold production, without the crazy mining risks, and they are diversified over hundreds of royalties instead of just 1 project, but they give you leverage to the metal price increases. Just a thought on how to have a gold stock with leverage, but much less risk.

          • On March 14, 2020 at 11:39 am,
            OOTB Jerry says:

            Ex………you are spot on…….and I respect your hard work…….
            and have said that many times…..Notice in my post……I said “YET”, to BIll’s comment..
            That means I am all ears….going forward……As I am with the timing,….

          • On March 14, 2020 at 5:52 pm,
            Excelsior says:

            Thank you sir.

            Best of luck to you OOTB in your investments whatever path you decide down the road.

          • On March 14, 2020 at 6:12 pm,
            OOTB Jerry says:

            EX…….I am not going anywhere yet…………
            Gold first, silver second……pm stocks third…….it is all in the timing…
            You and Matt…..have the handle on the pm stocks….as I said , I am all ears.
            Best to you also……..Have a great week end……..

    • On March 14, 2020 at 9:20 am,
      Bill says:

      Matthew can you show me where I said I hate miners? I said I cant stand gold bugs….JDST went up 300% last week….hello! I still own BBB and few other small caps…bigs got CRUSHED

      • On March 14, 2020 at 10:41 am,
        Matthew says:

        It has been clear for years that you hate the miners and the volatility is the reason. That’s why you hate gold bugs and not fraud bugs (those who think fiat currencies are fine) or know-nothing bugs (those who dominate every sector).
        In ANY sector, most people are wrong most of the time but it only brings out your hatred in this one. You’re completely irrational and it’s funny that your kind doesn’t grasp that the stock market (as measured by the NYSE Comp Index) is still down 73% in real terms since 2000.
        You have to be a special kind of sheep to knock gold as a safe haven.
        Compare this:
        https://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24NYA&p=W&yr=3&mn=11&dy=0&id=p25141112617

        • On March 14, 2020 at 10:41 am,
          Matthew says:
          • On March 14, 2020 at 10:42 am,
            Matthew says:
          • On March 15, 2020 at 8:47 am,
            Bill says:

            LOL
            a miner = a hole in the ground with a liar on top…any clue why they made that up?? The mining industry is a MINE FIELD. Thats a BLOODY FACT. I watched many revers splits and many go under the last bear market. You are a pure speculator. Hell my gold short was up 300% in a week and that some how pisses you off?? You obviously are pretty dam good but I can walk away from my stupid computer for a month…you know travel sit on a beach where there’s no comm to herass me..
            You haven’t a clue. I retired 2 people easily 15 years before anyone I know people and one never worked….I can do anything I like even in a meltdown. I don’t need man any pumps. My RE of 30 years made me wealthy. My rents go up every year and I doubled my money a very big project in the last 3 years…I don’t care to live and breath this crap like you. BUT I will be buying some of this crap soon for shits and giggles. YOU are to dam serious man…And thank you for you input as I do value it.

          • On March 15, 2020 at 9:30 am,
            Matthew says:

            Bill, your 300% gain doesn’t come close to pissing me off and you can have the beaches and travel, I’ve had my fill of both and neither interests me in the least anymore. I do what I do by choice.
            Your rants make it appear that you are the one that’s pissed off and too serious. If you’re not, I’ll take your word for it.

        • On March 14, 2020 at 10:47 am,
          Matthew says:

          It should have occurred to you that gold might finally be taking a well-earned break because the downside in stocks is ending for awhile. There is no reason at all that a safe haven shouldn’t weaken as the threat weakens (even if if both are just temporary).

          • On March 14, 2020 at 5:54 pm,
            Excelsior says:

            +1

  19. On March 15, 2020 at 8:51 am,
    Bill says:
    • On March 15, 2020 at 3:20 pm,
      OOTB Jerry says:

      Well…….Bill………we are working on the cup and handle…….been working on that for some time as some of us have mentioned………..
      Looks like right now……gold shooting up…..$41……as I type……
      Interest rates are now “ZERO”……
      Will be interesting Monday….to see what happens as the USA, tries to lock down everything.

      • On March 15, 2020 at 3:23 pm,
        OOTB Jerry says:

        BTW……..thanks for the podcast……

        • On March 15, 2020 at 6:28 pm,
          OOTB Jerry says:

          Poof……….bye, bye……………

  20. On March 15, 2020 at 12:05 pm,
    Bill says:

    For most of my assets I do prefer the Warn Buffet approach….buy great assets with good cash flow….It works.
    My tenants include the biggest telecom firm in the country, Large heat-pump specialist, largest security firm around. Its hard word to put this stuff together but well worth it in the long haul…These guys highly unlikely are going out of business…
    Gold stocks are great to speculate…
    Fill your boot with what you want to do….

    • On March 15, 2020 at 6:33 pm,
      OOTB Jerry says:

      If, they are so large………why do they need you……..hummm
      I have been around this block before……….just saying…..
      The bigger they are , the harder they fall……..

      • On March 15, 2020 at 6:46 pm,
        OOTB Jerry says:

        Always….wishing you the best……..stay safe…..

        • On March 16, 2020 at 4:42 am,
          OOTB Jerry says:

          Silver at $12.11………..Bill, what is your guru’s name………market is getting tanked, …but,…Long term not sure it makes any difference ……
          But, I do still like gold even at these prices………….
          POOF……….

          • On March 16, 2020 at 8:40 am,
            Bill says:

            Just driving across the boarder heading for a ferry…I listen to a few. Morgan had a good view on Campbell…Trend Letter guys are dam good! and then I just put it all together. Yes Cash is king and I said that 2 weeks ago…catching falling knives is not my game. Need stabilization. Best!

          • On March 16, 2020 at 8:57 am,
            OOTB Jerry says:

            Ditto on the stabilization …………Thanks for the reply…..travel safe….best to you..

  21. On March 15, 2020 at 5:46 pm,
    Bill says:

    My Guys said…We’ve repeatedly warned that it is not a given that precious metals are a “safety asset” in times of trouble. Sometimes, such as this time, it’s quite the opposite.
    POOF

  22. On March 16, 2020 at 10:44 am,
    Bill says:

    Cheers OOTB. Just went through US customs stopped us 1/2 mile before CAD Cust. They went through my camper and truck big time. 2 Slide camper I had to open EVERYTHING . They were cool and I was happy to comply. CAD side was cool didnt even ask how much rum and wine we had LOL

    • On March 16, 2020 at 11:13 am,
      OOTB Jerry says:

      🙂 … commented to your note on up the way..