Hour 1 – Wide Ranging Opinions On What The Economy and Daily Life Will Look Like After COVID-19
With most of the world shutdown I hope you all are dealing with being home hoping this virus passes sooner rather than later.
I really appreciate all the emails that have come in and all of you who tuned in over the week (included the webinar on Thursday). Please keep the emails coming. I’m at home working all the time with my wife and daughter all trying to make the best of this situation.
This weekend’s show is focused on what everything from the economy to our daily life will look like when we have COVID-19 behind us. All of the perspectives are from a financial and economic perspective.
I will be sending out more emails going forward recapping the recent interviews. Be sure to sign up by clicking here.
- Segment 1 – Peter Boockvar, Chief Investment Officer at Bleakley Advisory Group kicks off the show with a look at how daily life could change. I ask if only the large companies will be able to survive this shutdown. Click here to visit The Boock Report website.
- Segment 2 – Chris Temple and I look at this shutdown from the perspective of business, individuals, and governments. Click here to visit Chris’s site.
- Segment 3 – Marc Chandler, Managing Partner at Bannockburn Global ForEx share his insights on how this shutdown impacts the banking sector and currency markets. Click here to visit Marc’s daily blog.
- Segment 4 – Rick Bensignor, Founder of Bensignor Investment Strategies deals with large hedge funds so we discuss how this major market players are operating during this time. He has some very interesting information on the lack of liquidity in the markets currently.
Exclusive Company Updates This Week
- Vizsla Resources – Updating the status of the drill program, recent drill results, and cash position
- Uranium market comments and an update from IsoEnergy
- Cartier Resources – Updating the work ongoing for the next few months
- Riverside Resources – A 90 day work plan, updates on cash and the BHP alliance
I wish everyone would turn their eyes to the most important topic now and that is the economy. The coronavirus is a sideshow for the Washington physicians. Trump should publicly admit that the country is in a state of depression. The Federal Reserve needs to be on board with such a pronouncement. The reality for the economy is grim and that is what the politicians need to discuss publicly before the bread lines start forming. The failure of the treatment for the economy is an embarrassment for the administration, The Little Bull Market lapsed again on Friday. It is time to discuss the problems of business. Without an economy there is no hope. DT
Tell ya what is bugging the crap outta me: The FDIC was out there this week telling us all not to worry about funds in the bank…..a la the famous “Vote of Confidence” that a baseball owner gives the teams manager….. a couple weeks before sh!t canning the guy….
D.T :
This coming from someone that said huffing a hairdryer was an option.
I always keep an open mind when it comes to my health. Initially I felt that stage one was worth considering, but I have since rejected that scenario. So what is your point, to reject how I think because you didn’t agree with one small post I made. That is an insult! DT
John K, the insult is to your intelligence, I don’t think you realize that. DT
Nice Try D.T
I’m Good.
John K, I still find the hair drier story to be interesting since it is pretty well known that heat destroys the virus. I realize that it sounds corny, but it is certainly interesting.
The problem is getting tested to find you have the virus. The lack of protocol and the incompetence of those entrusted to keep us safe.
I would have expected nothing less from the CDC. Hopefully Al at some point you can acknowledge the 900 Billion expended for the continual genocide of the Brown people of this world could have better spent.
Hey, Dick Tracy — NO NEGATIVE TALK HERE!!! Don’t you know that the unfolding depression, new bear market, MASSIVE debt downgrades, disaster for energy sector especially and all the rest is part-overreaction and part-Chinese propaganda? Get with the program. . .
Okay Chris, I understand the program, I expect to see the stock market, within a few months, ” a good deal higher than it is today. Eventually the markets will hit a permanently high plateau, and stay there. Some pretty intelligent people are now buying stocks. The industrial situation of The United States is sound and our credit situation is in no way critical. Be Optimistic, get your programs here !!!!!!!!!!! LOL! DT
Hi Chris, now I will tell it like it is. The worst of the panic is not past. The worst of the prices have not past. There is still too much forced liquidation to come as broker’s accounts are straightened out, and as banks call for more collateral. The tide of stock prices reached during “The Big Bull Market” have not finished receding or bottoming. DT
Furthermore, I expect the stock market to bottom in 2-3 years. There it is I have said it again. That is about as optimistic as I can get for now! DT
“Dr. Frieda” needs to sit you down, my friend.
In all respects to Dr. Frieda, she needs to study the economic diseases from which business is suffering. By uttering soothing words the doctor will not be able to cure the patient who is sinking lower and lower. DT
Thanks Chris. I believe you have as good a handle of the subject as anybody concerning the impacts to our lives and the economy going forward. I’m even surprised that CFS has taken to posting good information and some stats that back up your analysis.
Main point: The world will be much different on the other side of this. We ain’t goin’ back! If fact, it might be a good time for people to reread (if they ever read) their copy of The Fourth Turning. Remembering also that we’re within the final years of the 90 yr. cycle.
For anyone who wants to argue with your comments and where we’re headed, they can side with the little colonel. His final comments yesterday were “losers bet on failure, winners bet on success. I’m betting this passes, based on real numbers, not media hype.” Now there’s some real hope to buy into! That same warped mind also left this jewel to ponder: “Say 1 million die in the US-that is terrible-but, predominantly elderly, non-productive citizens who are on fixed income or burdens to the health care systems. Is that going to stop demand when treatment is available?” Thankfully he’s not in command of anyone but his poor family. He’d have prospered working for Goebbels.
The term” not going back to normal”……is a conditioning statement for the sheeple….according to the 2nd tape provide by BV……..listen to it and you might see, there has been a plan in place and has been for some time….
Thanks Cory. Best show in weeks. Via John Mauldin comes this Mish/Bianco podcast: Bound to be worth the hour to listen: https://moneymaven.io/mishtalk/economics/nothing-is-working-now-what-s-next-for-america–TaEWIIxf0CmGnNCYxgTHA
i personally agree with Jeff Deist when he says, “give the money directly to the people”. Among other reasons that would serve the purpose of maintaining civility in our society. I personally have faith in the American people.
Thanks for the input CFS.
ALL I CAN SAY IS USE COMMON SENSE AND STAY SAFE!
Mr. Temple is correct. Most are not aware of the kind of numbers we will get.
There is some variation, but at the current time, depending on the country, the number infected and the number dying, will DOUBLE EVERY 4 TO 7 DAYS, until people get serious about not spreading the disease or until a cure/vaccine is found.
My estimate is that current numbers will be 100 times higher in about two months.
(I am not crying wolf. I am trying to make people realize the math of disease.)
Regrettably, Dr. Fauci, President Trump’s key adviser is a pro-vaccine doctor. As such, he is not seeking alternative cures. That is tragic, because we possibly could find an alternative cure within a month to six weeks, if we were looking. Trials should have been ongoing already for about a month.
Yes, the trials you refer to should already be long in progress.
Segment 3: It is quite clear that all countries will be throwing money at the Covid-19 problem.
We need not expect much relative changes in currency rates, because all countries are expending money supplies.
Australia to Japan to UK to France to Germany To USA all countries are throwing money at the problem:
https://www.reuters.com/article/us-health-coronavirus-japan/japans-abe-vows-unprecedented-stimulus-tokyo-virus-cases-rise-by-daily-record-idUSKBN21F05Y?feedType=RSS&feedName=worldNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Reuters%2FworldNews+%28Reuters+World+News%29
Cory….No MONEY IS FREE. Governments only have money that they take from the people.
As long as interest rates can be kept low, the cost of carrying extra debt can be minimized. I do not know how long interest rates can be kept low. That is the big question. There is reason to expect a V-shaped bottom, absent a cure for the disease.
Segment 4:
Volatility almost always increases as volume goes down.
We are seeing areas of good profit:
Consumer staples, Healthcare,Utilities (for income), BUT one has to wonder about the supply chain and how long it can be depleted before being re-stocked. That is the unknown.
Much is known about the virus, but unfortunately good leadership is lacking. In the US President Trump is showing signs of endless attack from the Democrats of wearing him down. Democrats are stupidly using this disaster to push their own agenda instead of working for the best interest of the country. The behavior of politicians DISGUSTS ME.
THERE IS NO REASON WHY THEY SHOULD NOT BE WORKING IN THE BEST INTEREST OF THE COUNTRY. MUCH OF THE MEDIA IS AT FAULT.
We could and should be working selflessly in this time of need.
There should be multiple trials of hydrochloroquine combined with various other pharmaceuticals to treat this disease. WHERE ARE THEY? Luckily there are some in Europe. This will not be a V-shaped recovery, but we will recover.
WHY ARE WE NOT SEEING DRUG TRIALS AGAINST THE VIRUS ?
Much of the problem is a breakdown of capitalism and leadership.
Hydroxychloroquine and, I believe, azithromycin are both older well-known drugs.
Big Pharma is not going to enter into trials, because there is minimal profit for them.
President Trump is relying on advice from older doctors. Dr. Fauci, while eminent in his profession, is a vaccine-focused individual. WE DON’T NEED TO WAIT, doing nothing in the interim for a vaccine. A CURE IS A VIABLE ALTERNATIVE.
We do have anti-viral drugs. We should be holding trials of various combinations of anti-virals + antibiotics. These should have been funded months ago, when the problem of this Novel SARS Corona Virus-II was ravaging China. Given the high Rzero, time was important.
I do agree with you as I commented above, CFS
We don’t need to think more, but think differently–Albert Einstein
Here is a quote from Sandra Navidi’s book, “$UPERHUBS” How the financial elite & their networks rule our world.
Human thought is limited by cognitive bias. Biases save valuable time in the fight for survival, but they also keep us from accurately processing new information and adapting our views. We believe our believe our beliefs to be a permanent reality.
I am frankly more than exhausted from people telling me that I am rude or mean. The minute they hear something that doesn’t fit their narrative they say “YOUR MEAN”
Suck it up Buttercup.
The problems we face today will not be solved with the same thinking that got us here.
“We believe our beliefs to be a permanent reality.”
Jphn K, you are one smart dude!
If I’m so smart Big Al, How come I don’t have more money?
Big Al. My 10%.
For if you are at a loss of things to listen to:
https://www.youtube.com/watch?v=B7iNEyoNBzE&list=RDB7iNEyoNBzE&start_radio=1&t=70
comment @3:25 community currencies.Bitcoin and Litecoin exist for a means of exchange. Why would community currencies be needed when universal currency already is in place? Respectfully, please explain.
This question was for Chris Temple about community currencies,
Spacenormal, I will be saying/writing a LOT about this in the coming days. For now, 2 thoughts:
1. Generally, for alternative currencies to be viable, honest and functional they should best be LOCAL. That way, more accountable.
2. Bitcoin, at least, has utterly failed already as a means of exchange. Good intentions, perhaps; and maybe other crypto currencies/those to come will correct its errors. But by and large Bitcoin has long since been revealed as completely ILLIQUID; and in my view is nothing more than a digital play on The Greater Fool Theory.
I might suggest to go to craigslist almost anywhere . I suggest San Francisco area. Put in farmers markets , tools. collectibles and almost all categories take cryptocurrencies.
I will say, in your defense, that probably most goods for sale still recognize the dollar overall ,but I think the trend for cryptocurrencies is slowly growing.
I sincerely hope you are right…for decades I have promoted alternatives to the controlled dollar and Fed both.
VERY dated piece here of mine from years back; but an example of what’s possible: https://nationalinvestor.com/256/ithaca-hours-community-currency-alternative-bitcoin/
Pretty simple in my mind, in the case of localized currencies the control seems much closer.
Community currencies………are going back to the Colonial days, when each of the colonies minted it’s own coinage……1600 ‘s
Next you had the each bank had it’s own currency ….”obsolete currency called today” 1800’s
This is not a novel idea.
Federal Reserve Notes…….will vanish from being worth anything , but , a collector note.
An era is coming to an end.
Recall, too, that even during the Great Depression of the 1930’s, countless communities had their own scrip; and it was functional to meet at least some basic needs, but within a local area. Even the CNBC court jester Bobcat Goldthwait…er, I mean Jim Cramer–pointed this out a few days ago.
Ha! Jim Cramer is a bit of a Bobcat Goldthwait isn’t he… screaming into the void…
JIm Cramer rants and screams.
https://thecoggintoboggan.files.wordpress.com/2015/04/jim-cramer.png
Cramer is an idiot for the fraudster………little whore man…….
Actually Box, Crammer is simply an entertainer.
Albeit, a good entertainer!
This virus is near harmless. Here Del Bigtree proves from the Medical Industrial Complex’s own numbers that it’s only one fifth as deadly as the regular flu that goes around every year. https://www.youtube.com/watch?v=E_gMT4_PDJI
Comparing this virus to those of the past is fool hearted at best. Those that think that the latest U Tube video or Google search is going to provide them with the right answers will pay the price in the long run.
All their so called deadly viruses for the last 50 years have been duds. Here’s a 60 Minutes Report exposing their Swine Flu hoax from the 1976. People never learn and they still get fooled every time. https://www.youtube.com/watch?v=ae1TJi5zw84
By calling it a hoax you invalidate all the people that die and didn’t have to.
By calling it a hoax you green light those who are entrusted to protect and keep us safe to continue on with business as usual.
A different kind of thinking is required. How about Keep America Healthy.
The video is spot on………………
Agreed that we need to keep America healthy, but few people talk about keeping people healthy. We need to teach people to avoid refined sugars that weaken the immune system, eat good organic food and take some supplements like vitamins A, C, and D to stay healthy, but all the talk of today is about we need a toxic drug or a deadly vaccine to save the world from these deadly viruses. I’m not afraid of any virus myself as I keep my immune system strong.
My comment on the “spot on ” was suppose to be for the second tape BV posted…sorry
BTW>>>>>>BANKSTER V………..thanks for posting the tape……
+1. My chief worry is still the overwhelming of the hospitals; accompanied by the sickness and death of those individuals who work in the industry and are willing to give their all in order to live up to their oaths and beliefs. KEEP AMERICA HEALTHY!
On March 9, New York City mayor Bill de Blasio announced that there were 16 confirmed cases of COVID-19
MARCH 28, 2020
Coronavirus Updates: New York City Cases Now At 29,158, Deaths At 517
3 weeks, over 500 dead, just doesnt seem like a hoax to me.
SPOT ON >>>>>>>>at 26 min mark……..BIG PHARMA…….and Advertising……SCAM…
Hi Bankster V, I have actually felt that way for quite some time now. I have to wonder just why that point is not being made much clearer. I realize that age and pre-existing conditions do bring in a lot of drama, but in the total scheme of this issue you point should be made more aware to the public.
Here’s a lot of the reasons for this latest big “deadly” virus hoax: https://www.youtube.com/watch?v=1JLBXfKDbbI&fbclid=IwAR1v30pWt53D2vkFs7TjNmnoUslQFngYHfdrvm3W05ODAwu9N6guIODVty0&app=desktop
GREAT TAPE…………..OWL>>>>>you need to watch this one, since you think Bill Gates is a hero….
Silver Dollar you might want to listen to the above tape………..then give us a what do you think….info…..
ALSO……….YOU JOHN>>>>>>>>
Hi Jerry:
I actually have to leave for work soon.
Imagine that.
OK Jerry , I made it less than 1 minute. The opening was the Colbert show and I don’t watch T.V anymore because I know who owns the networks. I will leave it at that because I don’t need anybody calling me an anti …………………….
A lot of the mess we find ourselves in today can be traced back to Paul Warburg of the Warburg Banking Family.
Here is a quote from “The secrets of the Federal Reserve.”
“Warburg responded that the administration of the proposed central banks should be subject to the executive approval by the President. This patent removal of the system from Congressional control meant that the Federal Reserve proposal was unconstitutional from it’s inception.
Warburg’s plan would deprive Congress of it’s sovereignty, and the system of checks and balances of power set up by Thomas Jefferson in the Constitution would now be destroyed.
Yes, the banksters are making fortunes on this fake pandemic as trillions and trillions of their money created from nothing will be loaned out at interest to governments, with us sheeple on the hook as usual for all the new debt we’ll be strapped down with.
Agreed. The implosion of growth and rising dollar / falling commodity prices has been Deflationary in the recent past, and with so many losing their jobs or having their hours slashed, it won’t result in good sales or numbers for most companies (barring Amazon) in the near future. However, he Fed’s and the government’s desire to print, backstop, and purchase anything not tied down, bail out businesses, and mail out helicopter money will ultimately be Inflationary with such a spike to the money supply.
It should be noted that, unlike the spurts of inflation focused merely into financial instruments and general stock indexes since the 2008-2009 Great Financial Crisis, this time the inflation will actually affect the masses in a more direct way.
In the previous crisis, all the Quantative Easing got mopped up by bailouts and banks, where they cooked their beleaguered books, and really did not lend the money back into circulation for small businesses or personal loans so there was not circulation of most of those funds out into the system. Rather, the massive amounts of new money were channeled into share buybacks, borrowing for next to nothing and buying equities which juiced the general stock indexes and inflated that bubble even harder to prove
This round of insane money injection into the system is to stave off the deflationary spiral and will ultimately circulate into everyday life causing an inflationary future that is not going to be limited to just in the stock indexes, but actually in real prices of goods and services. As the greenback peaks and rolls over and heads down in a corrective move, and other nations start to doubt the ability of the United States to ever pay back it’s debts as the world reserve currency, a new chapter will begin post Covid-19/Oil production & price pissing wars/post recession.
That is why the Precious Metals rallied so hard when the 2 Trillion dollar stimulus plan and the $4 Billion in anticipated magical money from nowhere Fed buying of corporate bonds and mortgage-backed securities #QEtoInfinity was announced…. because it will spike the liquidity and money supply sloshing around and will utimately be an Inflationary disaster. While Gold got a bit ahead of itself on the news and has pulled back, the die has been cast at this point….. it is just going to take a bit longer to play out than the markets knee-jerk reaction.
The Pandemic Is Accelerating the Breakdown That Began a Decade Ago
March 25, 2020
“The feedback loop has reversed: by saving more, people will spend, borrow and speculate less, draining the fuel from any broadbased expansion.”
In eras of confidence and certainty, people save less and spend more freely. “When we’re confident that good times are not only here but will continue, we not only spend more freely, we’re more inclined to borrow money and speculate on the shimmering promises of more good times ahead.”
“In eras of uncertainty, people save more and spend, borrow and speculate less. There is an obvious feedback loop here: if people feel confident about their future prospects and have a measure of certainty about the general economic trend, they spend more, borrow more and speculate more, all of which feed the expansive mood that then encourages further spending, borrowing and speculating.”
“If their confidence collapses and the future is deeply uncertain, people save more as a hedge against bad things happening in the economy that could trigger hardships in their own household.”
The control of the US banking system started earlier than the FEDERAL RESERVE…..
Agreed. The world banking system was corrupt since it beginnings with the Knights Templar, who took their hoard of treasures from holding & storing funds from religious pilgrim trade in the middle east, moved their funds into Masonic circles to Rosalyn Chapel Scotland, but ultimately found a home for it all in Switzerland.
Switzerland’s history is interesting in that foreigners came in and established the banks with their hoard, and like so many occult deep state symbolism, they inverted their Knights Templar flag from white with Red Cross, to red with a White Cross. The neutral Swiss remain one of the seats of banking today, with some of the most protective bank measures (which is why for decades folks shielded wealth in Swiss bank accounts) and they remain some of the primary smelters of Gold. They wisely unpegged their Swiss Franc from the Euro and march to the beat of their own deep state drummer, and spread their banking infection far and wide.
Once cities like London, Paris, Berlin, New York, and Hong Kong got ahold of this tool of magical money creation from nothing and charging interest to the sheeple, and latched on with both hands to the power and control it provided, it was far too late. The seeds of Rothschild perversion to the modern banking era, that seeded the crony capitalists and elite clubs that formed the Federal Reserve and it all was in motion long before 1913.
Funny how many times we have covered this same issue , over 10 yrs…… 🙂
Agreed. The corruption of the bankers never ceases to rear it’s ugly head.
Interesting post, I was unaware of the Knights Templar connection to Switzerland.
Yep. The Knights Templar were the world’s first official bankers, and Switzerland is still the banking nerve center of the world. and controls a great deal of the gold smelting and movement of the yellow metal from West to East.
This is a big reason they were neutral and not attacked during both world wars as everyone knows where the money is.
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Knights Templar: Switzerland
October 11, 2016 by Crusader History
https://crusaderhistory.wordpress.com/2016/10/11/knights-templar-switzerland/
Did The Templars Form Switzerland?
31 March, 2010
1. The founding of the embryonic Switzerland conforms exactly to the period when the Templars were being persecuted in France.
2. Switzerland is just to the east of France and would have been particularly easy for fleeing Templar brothers from the whole region of France to get to.
3. In the history of the first Swiss Cantons there are tales of white coated knights mysteriously appearing and helping the locals to gain their independence against foreign domination.
4. The Templars were big in banking, farming and engineering (of an early type). These same aspects can be seen as inimical to the commencement and gradual evolution of the separate states that would eventually be Switzerland.
5. Even the Swiss don’t really know the ins and outs of their earliest history (or suggest that they don’t.) They are famous for being secretive and we don’t have to tell interested readers that this is something they share absolutely with the Templars.
6. The famous Templar Cross is incorporated into the flags of many of the Swiss Cantons. As are other emblems, such as keys and lambs, that were particularly important to the Knights Templar.
7. The Swiss were and are famous for their religious tolerance – and so were the Templars.
http://blog.templarhistory.com/2010/03/did-the-templars-form-switzerland/
Videos if one wants to go down the rabbit hole of the Knights Templars influencing the formation of modern day Switzerland.
The Knights Templar in Switzerland
Patrick von Stutenzee
“According to Swiss history writing, the foundations for modern Switzerland date to 1291. The date being conveniently close to the dissolution of the Order of the Knights Templar many see a connection between the two in later developments. Did the Knights Templar bring their legendary treasure to Switzerland and made it as rich as it is?”
https://stutenzeehistoryblog.blogspot.com/2013/08/according-to-swiss-history-writing.html
Switzerland was created by the suppressed Knights Templar:
“At the time of the suppression of the Knights Templar, Switzerland, like Portugal and Spain, didn’t even exist as a nation. It was a small Canton called Schwyz, and was part of the Austrian Hapsburg Empire, ruled by Duke Leopold I.”
“The Knights Templar Palace and banksters HQ was in Paris. The fabulously wealthy Knights Templar were the bankers for the king of France.”
“The king acted secretly and decisively, but unfortunately, they managed to transfer all of their gold and silver to a small Alpine canton called Schwyz.”
“That was the foundation of the super-secretive nation called Switzerland.”
“The Battle of Morgarten on November 15, 1315, was the genesis of the Swiss nation.
Before the arrival of the Templars, the Swiss were just farmers and cowherds, with no military skills whatsoever. Reinforced by the Knights, the Swiss won a decisive victory over the forces of Duke Leopold I. That was the beginning of a long struggle to gain independence from Austria.”
“The Sack of Roma in May 1527: In May 1527, Emperor Charles V ordered his troops to capture Roma because Pope Clement VII was about to grant a divorce to King Henry VIII.”
“Aged cardinals, and even nuns were raped and killed by the brutal mercenaries.”
“The Swiss Guard fought the invaders valiantly, and as a result, they became the Pope’s personal bodyguard.”
Pope Francis surrounded Pope Francis surrounded by the Swiss Guard.
“The Swiss Guard, like their Knights Templar ancestors, are very proficient in the use of all kinds of weapons. John Paul II was the only Pope to die as the result of gunshot wounds. Not one Swiss Guard is a FOOD or DRINK TASTER. Poison in the communion cup or the host has been the preferred methods of getting rid of recalcitrant Popes.”
How the Rothschilds rule Great Britain, the USA; The World #VIDEO
https://www.youtube.com/watch?time_continue=2&v=ej1Jg-qBDJA&feature=emb_logo
When a Hot Gold Trade Blew Up, the Rush for 100-Ounce Bars Began
Joe Deaux, Yvonne Yue Li and Jack Farchy
“At the center of it all are a small band of traders who for years had cashed in on what had always been a sure-fire bet: shorting gold in the futures market. Usually, they’d ride the trade out till the end of the contract when they’d have a couple of options to get out without marking much, if any, loss.”
“But the virus, and the global economic collapse that it’s sparking, have created such extreme price distortions that those easy-exit options disappeared on them. Which means that they suddenly faced the threat of having to deliver actual gold bars to the buyers of the contract upon maturity.”
“It’s at this point that things get really bad for the short-sellers.”
“To make good on maturing contracts, they’d have to move actual gold from various locations. But with the virus shutting down air travel across the globe, procuring a flight to transport the metal became nearly impossible.”
“If they somehow managed to get a flight, there was another major problem. Futures contracts in New York are based on 100-ounce bullion bars. The gold that’s rushed in from abroad is almost always a different size.”
CME resolving physical gold squeeze with delivery of 100-ounce, 400-ounce and 1-kg bars
Neils Christensen – Tuesday March 24, 2020
“The news comes after an intense trading day in the gold space as the market has seen strong physical demand and dwindling supply.”
“According to reports, bullion banks across the board reported massive liquidity issues Tuesday in the physical market. The problem, according to many banks, was the Exchange For Physical (EFP) market, which allows traders to switch gold futures positions to and from physical. Spreads in EFP are typically around $2, but on Tuesday, because of a lack of supply, the spread increased as high as $40.”
“Part of the issue is the lack of specific gold bars. CME contracts are for 100-ounce bars. However, Good Delivery listed bar from the London Bullion Market Association are 400 ounces.”
Buy Gold And Silver Mines Under Construction, In Lieu Of Physical Precious Metals
Mar. 25, 2020 – Laurentian Research
“Physical gold and silver are selling like toilet paper these days. Buyers have to pay an incredibly large premium to get hold of these monetary metals.”
“In this article, I present the case of buying gold and silver mines under construction instead.”
“Pre-production gold and silver mining stocks have become extremely attractive of late.”
@Goldfinger – New #VIDEO: Gold Will Cross Paths With The S&P 500 At $2,000 This Year
Keith Neumeyer: Miners Need To Stop Supplying the COMEX
MiningStockEducation – March 26, 2008
“The big banks, including the Federal Reserve, don’t have the best interest of investors in mind, says First Majestic Silver’s CEO Keith Neumeyer. How they manipulate and control precious metals prices via the COMEX is a blatant example of this. Keith says now is the time for the miners to stop supplying the COMEX.”
1:50 Commentary on recent precious metals price action
5:13 Can one successfully trade this current market?
7:05 Gold/Silver ratio commentary
9:41 Historical comparison to recent stock market crash
11:57 How long will this crisis affect the markets?
13:51 First Majestic’s AISC relative to silver spot price?
16:40 Does First Majestic’s debt affect share price?
19:19 Silver reserves relative to First Majestic’s market cap?
21:31 How will First Majestic continue to grow?
23:23 Type of project First Majestic would acquire
25:54 Why Keith likes Silver One Resources
https://www.youtube.com/watch?v=mmOkpRYjIc8&feature=youtu.be
Thanks for the show Al and Cory. Chris Temple, I read your gold report you made available to the public a few days ago. Good report. Thanks for opening it up to the wider audience here.
Hi all. A question regarding silver…Wondering if Hzu.to. in Canada…Would be comparable to the Slv in the USA.The reason I’m asking is because I don’t trade us stocks.Thankyou in advance and love you guys and your comments…
Hi Ann,
HZU does track silver but is riskier than SLV because it is designed to provide 2x leverage to silver whereas SLV provides no leverage.
For the week that just ended, HZU actually provided more than 2x leverage:
Silver: 17.35%
SLV: 15.66%
HZU: 34.65%
(SLV’s performance is always a little different that silver’s mostly because the two keep different hours but also because SLV has a small management fee since it is an ETF.)
Month-to-date, HZU is down 27.92% while SLV is down 13.46%, for what it’s worth.
Sprott’s physical silver trust (PSLV) is a great way to own silver, in my opinion. I like the fact that it can trade well above and below net asset value since that equals opportunity but it also poses a risk for buyers that are late to an up move. It is currently trading at a discount to NAV which makes it less risky than a vehicle like SLV, all else being equal.
https://sprott.com/investment-strategies/physical-bullion-trusts/silver/net-asset-value-premium-discount/
Matthew. I was really hoping you would respond…..You are truly #1 on this site,,IMO.Thx.
Thank you Ann, you’re very welcome.
CEF ( SPROTT) both gold & silver, right now 17.5% of my equity holdings
As mentioned a number of times, I believe strongly that April and possibly May will not be kind to the gold price or particularly to gold miners. There’s a strong possibility that a number of them challenge their spiked low and some even go lower. Not only technically is it signalling that possibility but there will be another sell off of everything when the conventional market starts its’ most likely next leg down. The mentality will be to sell everything. However, the only winner over time (and a significant time) will ultimately be the PMs and certain PM miners.
Thanks for that perspective Doc. I agree that some of these miners have now had relief rallies and may start to roll back over, but later in April and early May, many of the producers will also have Q1 operations and financial updates, and surely some of the gold producers were making money with Gold in the $1500-$1650 range from Jan to March. Wouldn’t you anticipate that some of them might get a bid if they put out good news, or do feel that is already baked into the current valuations?
Many of the Gold development stocks are still really undervalued if their economic projects were calculated at $1500 or $1600 Gold, but that might not matter I suppose if it becomes a “sell everything” event.
Regardless if they do roll over in April some, then I’d think, similar to in 2019, that buying the dip going into May would be a good time to add or take out new positions in at least the Gold miners, and because I still believe Silver with find the strength to gain on Gold later this year, then buying to some of them may be worth it if there are good entries from a corrective move.
For now I’ve been holding my core positions, but have been adding and trimming and swing trading around some of the larger more liquid positions like Coeur, Silvercorp, First Majestic, Americas Gold & Silver, Alexco, Silvercrest, K92 Mining, Sierra Metals, Maverix, and have even been done a few trades in and out of partial positions in Impact, Excellon, and Santacruz.
There are other positions I’ve just been layering into longer duration holds like in Northern Vertex, Orezone, Pure Gold, Discovery Metals, Mako Mining & Sailfish Royalty, Endeavour Silver, Argonaut Gold, Sabina Gold & Silver, and Treasury Metals. There are others I’d like to add to like Harte Gold, Anaconda, Roxgold, Hummingbird, Bonterra, West Kirkland, Falco, Bayhorse, Mandalay, Jaguar, Metallic Minerals, Aurcana, Defiance, Orex, and Kootenay Silver, but I need to raise more dry powder first.
If we see another fishing line sell-off in April & May as a 2nd wave of correction, then I’ll likely buy with both hands there. Until then, Ever Upward!
Part of the same crime family…………
To listen to New England Journal of Medicine episodes Click on Lefthand section….
https://interactives.nejm.org/iv/playlist_branded/index.html?media_id=chsWAwUH
Sadly, I predict the Spanish will still be predicting the numbers are peaking a month from now:
Wash your hands.
Boost your immunity through sleep, and Vitamin C, etc.
WEAR A MASK.
Overnight Spanish deaths went from 5,138 to 5,690.
Italy not yet reporting today.
What was the daily body count in the Viet Nam war………..body bag after body bag…
Caused by the same group of insane criminals……..
This is a War on your mind…………….
Box, Frieda and I will be discussing this exact point later today. I a person is aware of this reality, he/she can take defensive measures and stop that in its tracks!
Box, if you have not read “Dereliction of Duty” I strongly suggests that you do. This book proves your point to a T!
Congressman Charles Lindbergh “Government by the champion of the money trust”
Much like Nicholas Tesla, the powers that be would rather you not remember the HEROIC AVIATOR Charles Lindbergh.
The congressman was the aviator’s father. Like any other high-profile figure that spoke the truth, Lindbergh was smeared by the media that was already consolidated and almost entirely owned by America’s enemy.
Here’s a very worthwhile 7 minutes by another such person…
Don’t Confuse the Two Kinds of Capitalism
https://www.youtube.com/watch?v=hK18v2Vn8Ug
Thanks Mathew. Kudos to you for the Lindbergh quote last week.
Congressional hearings 1947
Chairman ECCLES, when do you think there is a possibility of returning to a free and open market, instead of this pegged and artificially controlled financial market we have now?
ECCLES: Never. Not in your lifetime or mine.
How the Pandemic Will End
https://www.theatlantic.com/health/archive/2020/03/how-will-coronavirus-end/608719/
fwiw an interesting view on the endgame and aftermath
The above monthly chart shows the dilemma for April. The MACD is strongly positive and if the 12 month MA continues to trend higher, we’re in good shape. However on the ADX which is the strength indicator the green bullish line is dropping down while the red bearish line is moving up. The overall black directional line is starting to trend sideways. If the month opens up with the green line continuing to drop and the red line continuing to move up to intersect it, the 12 month MA will start to move laterally toward the 26 month MA. If that happens, gold will move down for the month taking a lot of the stocks with them (some are reversing already). We’ll see in April whether the momentum wins over strength or vice versa.
Thanks for the chart Doc, and yeah a little weakness after this snapback rally wouldn’t be a surprise, but like last year adding more to positions in May should be a good time to buy into the exhaustion of selling that may play out in April.
I responded back with a few more thoughts and stocks I’ve been trading, stocks I’ve been accumulating, and stocks I’d like to add to my current positions up above in the your other post about the potential short term weakness that may play through in the PM prices and related miners.
Ex, I must have missed your response on the stocks you’re accumulating. I’m getting ready to help you with your argonaut position. I think I can get it for about $.50, however, I’m not going to quibble about a dime difference.
Yeah Argonaut is one I’m getting ready to add to any more weakness. I added a little bit 2 weeks back, but had reduced down the position a bit in craziness to beef up Silvercorp, Americas Gold & Silver, and K92 mining. However, it is still one of my larger positions as far as Gold producers.
Erik (The Hedgeless Horseman) was also adding a bit of Argonaut recently in his interview with Cory, and we discussed it briefly on his daily editorial blog for a moment.
I believe Thomas on here also was starting to nibble at Argonaut as well.
(AR) (ARNGF) Argonaut Gold – Corporate Presentation March 2020
https://s22.q4cdn.com/115151820/files/doc_presentations/2020/02/AR-CORPORATEDECK-MARCH2020-WEB.pdf
Already sold my position – much to early (I am a very bad trader)
I think DOC is right that there will be another sell-off coming and $0.5 is possible
The general question is how to protect your money?
Go all cash now?
Buy physical gold?
When to invest in gold miners?
When is the time for base metals?
$40-50 Million in Free Cash Flows @ $1,500 Gold
I added a little to USAS before it moved up and will again when it comes back. I thought I would never see prices like this again with USAS. It’s like Christmas. USAS looks like it will double bottom like a lot of these stocks will.
Yeah USAS is one that I’ve been adding to as well, and I’ve started to really beef up it’s weighting in my portfolio.
The black ADX line measures trend strength. Readings above 25 show a strong trend while readings below 20 show no trend. That monthly gold chart looks good with a reading of 29+ while the weekly chart is improving overall and shows a trend strength reading of 44.95…
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&b=5&g=0&id=p69160304584
On the quarterly gold chart, that trend strength line has moved above 20 and is pointing up while overall picture is improving.
The gold contract is now 50 years old and has never looked this good from a big-picture perspective in my opinion.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=Q&yr=50&mn=0&dy=0&id=t4852450483c&r=1585426748004&cmd=print
I just checked my quarterly chart and Doc’s monthly chart using my phone and it neither link worked as we intended for non subscribers since both reverted to daily charts. Bummer.
This is a test:
https://stockcharts.com/acp/?s=%24GOLD
Well mobile devices can’t see that one at all. Can anyone see a quarterly chart with that link?
Just the daily.
Thanks.
For ANN….Mathew is good!
I bought a pile of CEF.to it was discounting 6% plus in this flash crash with a beauty discount of about 20%. It was a gift. Most of all one can buy and take delivery when there is NO physical to be had. Love the Gold silver mix too.
Don’t tell him I said that 🙂
Bill. Lol… won’t tell…BTW. Nice call on ACB
Bill. Thanks for the response!
For more proof that we’re being fed lies about this near harmless coronavirus, please read some of Jon Rappoport’s great articles from his blog. Jon has been investigating and reporting on these fake deadly viruses for decades already so he knows how the numbers are rigged, and that their test kits (if they even use them) give many false positives so they are worthless. Here’s Jon’s blog site: https://nomorefakenews.com
Like all scams……..rigging is essential for their plan……..
Glad you came to the site…….one more person with a brain…..always helps…
De Grey Mining’s Hemi discovery ‘getting bigger and bigger’ as drilling advances
So I talked to 2 bullion and coin dealers this week and they are both fresh out of bullion and expect to remain so for the next 2 weeks at least. Also the Perth Mint has shut up shop in light of the Covid19 issue due to several factors: 1) Social distancing has scared people away, 2) The global shutdown has caused significant logistical problems in delivering physical gold and silver and 3) The huge increase in demand during these troubled times has far surpassed supply in a short timeframe.
The Perth Mint states it is still allowing online purchases but there is a clause indicating that the Covid19 saga is causing delays in fulfilling orders. The inside word is this will be the case for the next several weeks if not months.
Ozi; it appears to be a logistical problem because of the games played in the past by the paper money folks. First of all, flights have been cancelled that normally would transport physical gold and secondly, the COMEX in New York to settle their gold contracts deal in 100 ounce bars and with a large number of precious metal refineries being shut down because of the virus, they can’t have their gold poured. Hence the huge increase in premiums.
Without mentioning the affect on premiums this was obe of the points I was getting across except you went into abit more detail Doc, cheers! The premiums are huge here in Aus already.
Do you anticipate a decoupling affect between spot and futures prices anytime soon Doc?
I have no confidence in Central Banking or the Federal System. I have no way of knowing how to move forward. I do not know the actual Agenda.
Well it may cheer you up to know the Federal Reserve isn’t really federal, and the globalist plan is a currency crisis so big, national debts so large they can never be paid back, and people gripped by fear so bad that they big for the solution.
The solution is a Great Reset of all fiat currencies in the name of “fairness” so that a global currency will be suggested and voted in by the unknowing sheeple. Eventually the population will be micro-chipped (for their own safety of course; and so everyone and every transaction will be trackable). Lastly, to “save the planet” no habitation zones will be established, power and water will be rationed off with smart meters, yards and houses will be shunned as luxuries we can no longer afford if we really care about the world, and humans will be squeezed like sardines into small micro-housing complexes in a few main habitation areas.
It will be Agenda 21 at it’s finest, and right in time because this was an elite plan set for 2021. Many globalist have been discouraged and changed it to Agenda 2030 thinking it was going to take longer than initially projected, but with this recent Coronavirus & the Oil price /production battles taking down the world’s energy markets and stock markets, the resulting bank defaults and system crash will provide the perfect backdrop to still get all this radical change in place by 2021 or soon thereafter.
This “New World Order” will be controlled by the globalists goons, and they’ll finally have achieved their goal of a planetary government and planetary rule. The people, hoodwinked by fear will vote for this enthusiastically, giving up the last remaining personal liberties, as a way to alleviate their fears, pumped by the media 24/7.
It’s classic [ Problem, Reaction, Solution ] at play.
“We’ve got to do this for our future” they cried as freedom died…
correction:
“and people gripped by fear so bad that they beg (not big) for the solution.”
Agenda 21/Sustainable Development
> Where did it originate?
“The term Sustainable Development was first introduced to the world in the pages a 1987 report (Our Common Future) produced by the United Nations World Commission on Environmental and Development, authored by Gro Harlem Brundtland, VP of the World Socialist Party. The term was first offered as official UN policy in 1992, in a document called UN Sustainable Development Agenda 21, issued at the UN’s Earth Summit, today referred to simply as Agenda 21.”
> What gives Agenda 21 Ruling Authority?
“More than 178 nations adopted Agenda 21 as official policy during a signing ceremony at the Earth Summit. US president George H.W. Bush signed the document for the US. In signing, each nation pledge to adopt the goals of Agenda 21. In 1993, President Bill Clinton, in compliance with Agenda 21, signed Executive Order #12852 to create the President’s Council on Sustainable Development in order to “harmonize” US environmental policy with UN directives as outlined in Agenda 21. The EO directed all agencies of the Federal Government to work with state and local community governments in a joint effort “reinvent” government using the guidelines outlined in Agenda 21. As a result, with the assistance of groups like ICLEI, Sustainable Development is now emerging as government policy in every town, county and state in the nation.”
Revealing Quotes From the Planners
“Agenda 21 proposes an array of actions which are intended to be implemented by EVERY person on Earth…it calls for specific changes in the activities of ALL people… Effective execution of Agenda 21 will REQUIRE a profound reorientation of ALL humans, unlike anything the world has ever experienced… ” Agenda 21: The Earth Summit Strategy to Save Our Planet (Earthpress, 1993). Emphases – DR”
“The realities of life on our planet dictate that continued economic development as we know it cannot be sustained…Sustainable development, therefore is a program of action for local and global economic reform – a program that has yet to be fully defined.” The Local Agenda 21 Planning Guide, published by ICLEI, 1996.”
Agenda 21 and Private Property
“Land…cannot be treated as an ordinary asset, controlled by individuals and subject to the pressures and inefficiencies of the market. Private land ownership is also a principal instrument of accumulation and concentration of wealth, therefore contributes to social injustice.” From the report from the 1976 UN’s Habitat I Conference.
“Private land use decisions are often driven by strong economic incentives that result in several ecological and aesthetic consequences…The key to overcoming it is through public policy…” Report from the President’s Council on Sustainable Development, page 112.
“Current lifestyles and consumption patterns of the affluent middle class – involving high meat intake, use of fossil fuels, appliances, home and work air conditioning, and suburban housing are not sustainable.” Maurice Strong, Secretary General of the UN’s Earth Summit, 1992.
Reinvention of Government
“We need a new collaborative decision process that leads to better decisions, more rapid change, and more sensible use of human, natural and financial resources in achieving our goals.” Report from the President’s Council on Sustainable Development
“Individual rights will have to take a back seat to the collective.” Harvey Ruvin, Vice Chairman, ICLEI. The Wildlands Project
“We must make this place an insecure and inhospitable place for Capitalists and their projects – we must reclaim the roads and plowed lands, halt dam construction, tear down existing dams, free shackled rivers and return to wilderness millions of tens of millions of acres or presently settled land.” Dave Foreman, Earth First.
> What is not sustainable?
“Ski runs, grazing of livestock, plowing of soil, building fences, industry, single family homes, paves and tarred roads, logging activities, dams and reservoirs, power line construction, and economic systems that fail to set proper value on the environment.” UN’s Biodiversity Assessment Report.
> Hide Agenda 21’s UN roots from the people
“Participating in a UN advocated planning process would very likely bring out many of the conspiracy- fixated groups and individuals in our society… This segment of our society who fear ‘one-world government’ and a UN invasion of the United States through which our individual freedom would be stripped away would actively work to defeat any elected official who joined ‘the conspiracy’ by undertaking LA21. So we call our process something else, such as comprehensive planning, growth management or smart growth.” J. Gary Lawrence, advisor to President Clinton’s Council on Sustainable Development.
Sucks. Explains why a few are stealing from the many. Seems like an explanation is needed during the Super Bowl, if they have one. Better add pitchforks and ropes to the Coronavirus list for critical shortages.
The plan has been in the works for decades now, and smart meters have been installed in many communities in Europe, the US, and Canada by local movements based on “sustainability”, but it will eventually be used as a means of telling people exactly how much power and water they are allotted.
It is also no mistake at all all that we are seeing a rise in radical socialist ideologies and their trial balloons of the “Green New Deal” which go way too far, but move the needle a bit each time in what rights citizens are willing to give up to “do their part.”
“Yard by yard is hard, but inch by inch is a cinch. ”
__________________________________________________________________
Behind the Green Mask – Agenda 21 – Rosa Koire
Dec 17, 2011 #VIDEO
“Have you wondered where these terms ‘sustainability’ and ‘smart growth’ and ‘high density urban mixed use development’ came from?”
“Doesn’t it seem like about 10 years ago you’d never heard of them and now everything seems to include these concepts? Is that just a coincidence? That every town and county and state and nation in the world would be changing their land use/planning codes and government policies to align themselves with…what?”
Skip to the 11 minutes mark, as that is where she finally picks up the topic of the Green Mask and Agenda 21.
Even though she can be difficult to listen to, the points she eventually makes are worth the listen.
By the 20 minute mark she starts dropping truth bombs.
By the 28 minute mark Rosa gets into Bush Sr signing Agenda 21 and then how it transitioned into how Bill Clinton picked up the reigns and really ran with it to push this action plan down into local communities in a stealth manner, and how people are allowed to use their land.
As I said more learnong about this tomorrow for sure!
By the 40 minute mark, she covers how the UN came up with materials on Agenda 21 for our children, so that they can be conditioned and programmed in education centers. They realize that if they can get to the young minds early enough, they can program a generation and they’ll do the rest of the programming. It looks like they’ve been incredibly successful over the last 2-3 decades. It’s disgusting.
Thank Ex…….I have been busy in the other section, with THE FRAUD……
Event 201……..the virus and current issues , that tie exactly to Agenda 21.
This has all been mentioned before………GOING DOWN THE RABBIT HOLE.
Finally, some people should start waking up…..
Agreed OOTB. Hopefully folks wake up quickly, as these politicians never like to let a good crisis go to waste.
Sounds more like Fascism Where the government and corporations own everything.
Yes, that’s exactly what it is David.
Glenn Beck – Ted Cruz Discusses the Evils of Agenda 21
Jan 26, 2012 #VIDEO
Global control starts with Agenda 21 – Part I
Mar 20, 2018 #VIDEO
Trust me, I will learn more about about Agenda 21 as I have a lot of respect of Cruz. Any idea why Beck joined the LDS Church?
https://video.search.yahoo.com/yhs/search;_ylt=AwrEeGfaaoFeTwcA.xEPxQt.;_ylu=X3oDMTByMDgyYjJiBGNvbG8DYmYxBHBvcwMyBHZ0aWQDBHNlYwNzYw–?p=agenda+21&fr=yhs-avast-securebrowser&hspart=avast&hsimp=yhs-securebrowser
Sorry that link didn’t work. It was supposed to be to a page with dozens of videos researching the topic, but I’ll just post this video as more recent one. Some videos are a bit alarmist in nature, but the subject matter really has been alarming for some time, and this recent crisis opens up the door to cramming a bunch of terrible policies through while everyone is paralyzed by fear.
__________________________________
This is Agenda 21 Unfolding in Front of Our Eyes — Global Totalitarian Police State.
AGENDA 21 IN 5 MINUTES
https://www.youtube.com/watch?v=w_xMDxxI51Q&feature=emb_logo
These new policies they try to force down our throats will affect the real estate & energy markets, in addition to our small businesses and personal freedoms.
“It’s Super Painful” – Bill Gates Urges 10-Week Nationwide Lockdown
Microsoft founder and philanthropist Bill Gates was heard on CNN Global Town Hall on Thursday (March 26) as saying six to ten weeks of lockdowns across the country is now necessary to mitigate the spread of COVID-19.
“It is super painful to drive this very high degree of social isolation I call shutdown. The middle course really isn’t there because it’s hard to say, oh, go back to the theater for a week maybe or maybe not you’ll be infected or infecting people,” Gates said.
https://www.zerohedge.com/markets/its-super-painful-bill-gates-urges-10-week-nationwide-lockdown
Thanks Excelsior, I am on this tomorrow!
Hi Big Al – Agenda 21 is not really a new topic; however, with the global slowdown, rising socialism interest in politics and ideas like their “Green New Deal”, and this recent Coronavirus scare, there are likely many new upcoming policy changes.
A valid concern is if they are going to use this crisis to push out more control over resources (power & water & food consumption), all under the guise of making things more equitable, or for our own good. What is far more likely to happen is people voluntarily turning over their individual liberties to the government out of fear and in favor of “safety”.
When David had mentioned he didn’t know the agenda, it just seemed like a good time to revisit Agenda 21, and how these policies (which have been in motion for quite some time) are likely to latch on to this giant social disruption and try to gain more legitimacy in the public’s eye by championing “sustainability,” “social equity,” “comprehensive planning,” “growth management,” or “smart growth.”
These are not the cool ideas they sound like, but in much the same sense as “The Patriot Act” was very unpatriotic, or “Privacy Laws” often due much more to erode one’s privacy, this will be the same with these new local and regional Agenda 21 policies that come out of this United Nations initiative, that you and I never got to vote on.
The UN…….will be found to have started the virus……
You really need to make sense of the numbers to see the implications. No-one is really telling us about the numbers. However, the data from various countries, though in some ways unreliable and spotty can be used to calculate trends that have followed the same pattern for China, South Korea and Italy. It was possible as far as mid February to forecast 70000-100000 cases for China, 3400 deaths for China, just slightly later 8000-10000 cases fo South Korea and now (perhaps) around 350,000 cases for Italy, a much longer and uglier epidemic than the previous two.
The relative performance of each of the countries is going to be crucial and that is what I attempting to compile here. There is far too much noise and nonsense for contradictory “experts” most of whom are, as usual on the government payroll. Stripping it down to looking at the actual data and avoiding modelling tells us a lot and it’s ugly:
https://covid19stats.blogspot.com/
I was a long time listener of this show for many years starting in 2002.
Fiscal Stimulus, Fed Rate Cuts and Increased Asset Purchases Drive Gold Higher
March 27, 2020 – Gary Wagner #TechnicalAnalysis #Chart #VIDEO
Ira Epstein’s Metals Video (3/27/2020)
Technical Analysis, Gold, Silver, Copper, Platinum
Gold Update: Potential Triangle
Smart Money Tracker – March 24, 2020 #TechnicalAnalysis #Chart #VIDEO
https://blog.smartmoneytrackerpremium.com/2020/03/gold-update-potential-triangle.html
Ignore The Perma Bears – They Will Be Wrong Again
Smart Money Tracker – March 26, 2020 #TechnicalAnalysis #Chart #VIDEO
Gold Stocks: Book Some Profits Now #Video
Morris Hubbart – Super Force #PreciousMetals – March 27, 2020 #TechnicalAnalysis
Gold & Silver Price Update – Coronavirus – Stock Market Crash #VIDEO
iGold Advisor – Christopher Aaron – March 27, 2020 #TechnicalAnalysis #Chart
@Goldfinger – New #VIDEO: Gold Will Cross Paths With The S&P 500 At $2,000 This Year
IS SILVER & GOLD MIRRORING 1999 TO 2011 AGAIN?
The Technical Traders – Chris Vermuelen – March 28, 2020
“We believe the recent rotation in the metals market and the dramatic price divergence between Gold and Silver are setting up another similar type of pattern that could prompt both Silver and Gold to rally upward from current levels by at least 200%.”
“We believe the next phase of price action in Gold is a move above $1990 as demand for metals continues to surge. This would represent a 100% Fibonacci price expansion of the last price rally from the lows set in September 2018 (near $1168). It would also represent a rally from the current level of at least +22.50% in Gold. Subsequently, if Silver begins to rally at a greater rate than Gold over this same span of time, Silver could rally to levels above $22 representing a +53% price rally according to our Adaptive Fibonacci Price Modeling system.”
https://www.thetechnicaltraders.com/is-gold-mirroring-1999-to-2011-again/
There was a great deal of news fighting for everyone’s attention this last week, but it should be noted that there was another Gold mining merger between Osprey Gold and Meguma Gold, that barely got noticed. I have a small tracking position in Osprey Gold that was underwater, and noticed it got back up to parity on this news.
I believe we’ll see more of this kind of friendly company mergers of 2 or 3 companies to create a bit larger roll-ups and get more investor and institutional fund interest.
________________________________________________________________________
MegumaGold and Osprey Gold to Combine, Creating a Leading Precious Metals Exploration Company in Nova Scotia
March 23, 2020
https://www.ospreygold.com/news/2020/osprey-and-megumagold-to-combine/
Eric Sprott Increases Interest in Orefinders (ORX) (ORFDF)
https://ceo.ca/@newswire/eric-sprott-increases-interest-in-orefinders
(KNT) (KNTNF) K92 Mining Inc Reports Strong Fourth Quarter and Full-Year 2019 Results and Record Annual Production and Costs
March 27, 2020
> Record quarterly cash costs of US$461 per gold ounce and all-in sustaining costs (AISC) of US$658 per gold ounce.
> Record quarterly gold equivalent (AuEq) production of 23,646 AuEq ounces, exceeding budget by 30% and increasing 23% from the third quarter.
> Record quarterly revenue totaling US$33.4 million, increasing 59% from the third quarter. The financial results do not include 4,167 oz of gold ounces held in inventory, which was sold in January due to longer concentrate drying times.
>Record net income for the three months ended December 31, 2019 of US$22.5 million or US$0.10 per share.
> Record operating cash flow (before working capital adjustments) for the three months ended December 31, 2019 of US$18,061,639 or US$0.09 per share.
> Record quarterly gross margin of 58%.
https://k92mining.com/2020/03/k92-announces-covid-19-operational-update-and-response-plan-2/
Not a good way to start a Monday for PMs. But not surprising when we look at the miners performance of late. Also, fresh bad news is expected to envoke a fresh wave of panic within the markets so everything should sell if thats the case, including PMs.
What is interesting is the massive increase of money into economies, led by the US. Thatin itself should technically lead to a decline in the US $ but so far this morning the exact opposite has occurred. Is this because so many other countries are also priniting money that the US is seen as the lesser of two evils? Or perhaps its just the fear of the unknown with the pandemic surging on and the global shutdown being ramped up? Me thinks it is the latter.
A final note on silver: With this poor sector so badly beaten I cant help but wonder when it will prosper again. Its progress seems very much one step forward, two steps back. With this being the case, the expected fresh wave of panic selling and margin calls should in all likelihood see silver hit fresh lows again soon. The $10 handle is not out of the equation and that makes $22 feel a long way off.
Gold is at $1644 which is hardly a tragedy, and most Gold producers should be making money hand over fist at these levels.
https://www.investing.com/commodities/gold
I just posted K92 Minings quarterly report up above and the had record low AISC, record quarterly production, record quarterly revenue, record net income, record operating cash flow, and recordly gross margins.
How many other industries are going to be reporting news like that any time soon, except the Gold miners?
As for the Silver miners, I agree they are in a tighter spot with Silver at $14, so we’ll have to see what happens to the Silver price, as about half of the producers are not profitable at these prices, and yet there are still Silver producers like Silvercorp and Pan American that are doing fine even at current prices.
The point with the (KNT) K92 Mining example up above is that in April and May we’re going to start seeing the news of the 1st quarter operations updates which will wrap up later this week.
When most businesses are going to be imploding or at least damaged, the Gold Producers are going to posting some of their best metrics in years. That should even catch they eye of dismissive generalist funds as they realize they have no exposure to one of the few sectors that is profitable in current conditions.
It may take until May until folks get the memo, but it is important to keep in mind that most of these producers are profitable at $1400 and $1500 Gold, and even more so at $1600 Gold.
Could the threat of potential closures weigh on the good stocks??? It must be onpeoples minds that any potential closure can occur and starting back up isn’t as straightforward as other industries.
Yeah, that’s a valid concern that may diminish some of the excitement in a record quarterly earnings and FCF.
A good point about reports on 1st quarter operations coming up for gold miners amongst so much doom and gloom. That might entice fresh buying from new comers whether it be via the miners or directly to physical metals.
Regarding the poor start to the day for PMs, I was looking at spot prices and they were poor across the board with gold holding up best. It continues to get good interest as a safe haven. I just wonder if it perhaps is retaining luster in difficult times on the back of how it performed post GFC.
Don’t forget another statistic the market will have to reckon with after Q1, when the numbers come out — the most stunning collapse EVER in gold demand from retail jewelry and industrial fabrication and related customers.
Global jewelry demand fell a large 16% (incl. -32% in India and -12% in China) in Q3 last year (to its lowest level in 9 years) yet gold still traded at a significantly higher average price in Q4.
It seems monetary demand isn’t properly accounted for otherwise gold should have been weak in Q4 instead of just the opposite. Prices are set at the margin and that margin is clearly not dominated by jewelry/industrial demand.
thanks…….great info………..
Great point Matthew. Jewelry demand is a factor, but isn’t really the price driver, and has little to do at all with Gold producers Q1 production numbrers.
Investment demand in the paper markets is what drives the gold prices.
The impressive thing is that India’s demand could fall so much in Q3 without causing gold to fall. As you know, jewelry demand in India IS investment demand but I still would not assume that gold would be higher now had India not seen a 32% drop in demand. That’s not how it works with the monetary metal. If it did, it would cease to be the stellar money that it is. In other words, it should not (and WON’T) ever move like silly Bitcoin for any extended period unless there is a monetary reason for doing so. Big new demand for the wrong reasons won’t do it because others in the market would simply sell into such demand. Gold is always doing an accounting of the monetary order in the world so it will never “go Bitcoin” unless the dollar collapses (in which case, it could go way beyond Bitcoin).
Total global annual production is tiny when compared to the existing supply that could come to market at the drop of a hat so investors would do well to understand that it is not like any other commodity with respect to supply/demand analysis.
Great summation of the Gold “doing an accounting of the monetary order in the world” as sound money. I agree wholeheartedly.
Thanks everyone for the massive information. Sounds like reestablishment of the criminal justice system and market regulations is an imperative.
“… of us will get it. Hopefully, all will get better within a week……”
Let me remove some ignorance….ON AVERAGE, and there is variation…
When you get it, you are asymptomatic for a few days.
Symptoms show on the fifth or sixth day, but you are capable of spreading the disease after the first few days.
After symptoms show, if you are going to get really sick, that WILL OCCUR one week to ten days AFTER THE FIRST SYMPTOMS.
IF YOU GET REALLY SICK YOU WILL BE IN HOSPITAL FOR UP TO THREE WEEKS or until you die first.
Inshort, this is NOT a quickly get better disease.
Quarantine is typically for 14 days after the first negative test.