Are there any trend changes for the USD, gold, or US markets?
Chris Temple joins me to share his thoughts on the recent moves in the USD, gold and S&P. All of these markets have seen a reversal over the past couple weeks so we focus on if these reversals will turn into longer term trends.
Click here to visit the National Investor site to find out more about Chris’s newsletter.
bought put on IYR 2 days ago.
Warren Buffett Buys Gold Stocks with Lawrence Lepard
MiningStockEducation – August 18, 2020 #AudioInterview
“Gold stock fund manager and Austrian economist Lawrence Lepard provides his commentary on the recent news that Warren Buffett’s Berkshire Hathaway took a 20.9 million share position in Barrick Gold which was valued at $563.5 million at the quarter’s end. He also discusses a possible weakness in the bullish gold thesis and shares his USD outlook. Lawrence also shares how he has been managing his gold stock fund.”
0:00 Introduction
1:35 Significance of Buffett’s gold stock purchase?
3:59 When does the Buffett effect hit gold juniors?
6:07 Possible weakness in bullish gold thesis?
10:32 Any other asset classes you are investing in?
12:06 Outlook for USD
12:55 Possible hard economic reset with contested stock ownership issues?
15:28 Are you seeing inflows in your gold stock fund?
16:25 Fund’s lock-up period and expected exist strategy
19:39 What type of gold stocks have you bought since mid-March sell-off?
Current Gold and Silver Price Action Characteristic of a Bull Market says Dave Kranzler
MiningStockEducation – August 17, 2020 #AudioInterview
0:00 Introduction
3:03 Silver’s multi-dollar per day price moves
10:47 Big silver beat-downs then quick pop-ups the norm now?
12:32 What gold/silver prices are miners factoring in?
16:49 You trim positions when you saw miners were telegraphing a pullback?
19:22 Emails from Dave’s MSJ subscribers
22:34 Shares a few mining stock picks
Will Rhind: Gold is Moving, Consider This Before Your Next Step
Investing News Network – Aug 17, 2020 #VIDEO
Gold may have slipped below US$2,000 per ounce, but it remains above the US$1,900 level, and many market watchers are anticipating further gains.
With the yellow metal on the move, investors are considering their options, including selling for a profit. Will Rhind, CEO of GraniteShares, said in his opinion gold is a risk management tool and should have a permanent place in investors’ portfolios.
“If you’re a seller of gold right now, what are you buying? What is the alternative that is potentially more interesting or more relevant than gold?” he asked. “I think that’s why there’s so much interest in gold and people looking to hold onto gold through these times.”
Gold to Gain on Massive Currency Debasement, SkyBridge Says
by: Ranjeetha Pakiam – August 20 2020
https://www.bloombergquint.com/markets/gold-will-gain-on-massive-currency-debasement-skybridge-says
Gold Futures In Red Again, Folding in Wednesday’s After-Hours Slide
Investing dot com – 14 minutes ago (Aug 20, 2020)
“Traders said gold needed to post a convincing rebound between overnight Thursday and into Friday’s opening session in Asia to return to the path of recovery.”
“Targets on the topside that need to be broken if the buyers are to take back more control,” Greg Michalowski, an analyst posting on ForexLive, said, citing a minimum of $1,970 — Monday’s peak before the rally on Tuesday.
Sunil Kumar Dixit, an independent precious metals chartist, concurred, saying: “Gold needs to hit and hold above $1,970 to return to a position of strength.”
The fundamentals, however, will dictate that as long as the Fed prints, there is a propensity for the dollar to decline.
It is only that the dollar index is relatine to a mixture of other currencies and that the central banks of those other countries are also printing madly, that supports the dollar.
The Fed will NEVER stop printing…..until something totally breaks cinfidence in the dollar.
https://www.theassay.com/articles/golds-strong-momentum-remains-intact/
Whilst many pundits talk about the relative strength of the US dollar as being the key determinant of gold prices, the reality is that real interest rates are the primary factor. The real interest rate is the underlying interest rate after taking into account inflation. The graphic below highlights how the gold price has risen to record levels as US yields have turned negative.
Putting this all together, you can be assured that real interest rates are going to move even deeper into negative territory.
More broadly there are I believe three catalysts for gold
Firstly, quantitative easing (QE) and the associated expansion of money supply,
Secondly, fiscal stimulus to support the 2020 crisis is far larger than the stimulus used to address the 2008 GFC.
Thirdly, the growth of money supply and associated QE is far larger than the growth rate of gold price, and historical relationships suggest that the price of gold should play catch-up with this global growth of money supply.
Agreed OOTB. The low to negative interest rates, and negative real rates once inflation is factored in continues to be the prime mover of gold.
:)………. gold going higher……
I mean jerry well said and once again thanks for brining this to light once again!!!!!
1000% this is the main reason why gold is going higher. Confidence and real rates at “ artificially suppressed level”… borrow borrow borrow…
I shit you not when Matt and Jerry and many more have said these miners will be 30x more of not even more in a few years..
Glen…..glad you like it…………remember KIS…S……keep interest rates slithering….lol
oops……….keep interest rates slithering south….
KIS…S….really keep it simple….. 🙂
Ira Epstein’s Metals Video (8/19/2020)
#TechnicalAnalysis #Charts #Gold #Silver #Copper #Platinum
Precious Metals Cycles Demand Attention
August 20, 2020 – Chris Vermeulen – The Technical Traders
https://www.thetechnicaltraders.com/precious-metals-cycles-demand-attention/
This newer video is more on point than the prior one from Ira.
Ira Epstein’s Metals #Video (8/20/2020)
#TechnicalAnalysis #Charts #Gold #Silver #Copper #Platinum
Here a great rant from Goldfinger regarding New Range Gold and it could be applied to many Jr mining stocks right now.
__________________________________________________________
@Goldfinger – “I see the natives are getting restless here. I have reached out to the company for an update (although i’m pretty sure that things are still progressing as laid out earlier this month). While we wait, a few important points:”
~ $NRG went from $.07 to $.43 in four months, that’s a pretty damn good performance in my estimation. If you bought low and took some off the table you should still be in the green.
~ I have bought at prices ranging from $.10 to $.25, putting today’s $.175 right in the middle of my buy range.
~ This looks like a nice area on the chart to me:
http://cdn.ceo.ca/1fjt8q0-NRG.V_Daily_8.20.2020.png
~ A really important concept is to BUY RIGHT. Novices love to chase highs and get involved when there’s a lot of activity on channel. I generally like to buy low when others are selling out of despair and complaining. This is classic August action in the juniors….buyers go on vacation and prices drift lower on lighter volume. That’s generally one of the best times of the year to BUY. I have some bids laid out today.
This is JUNIOR MINING, these tiny market cap stocks regularly trade in wild price ranges. $07 to $.43 back to $.17 is actually pretty standard stuff for this sector.”
— Goldfinger
Hola amigos!. Now that Apple is worth $2 trillion I am thinking of the AAPL shares I sold back in the 1980’s when they fired Steve Jobs. If I had held on to my Apple it would be worth millions today, but, alas I am Barzini, Lord of the Idiots. However I plan to make millions with my NSRPF, LOMLF, NULGF, IRVRF, WPM, NEM, AEM, RGLD, PAAS,AUG, KL, OR, SAND, SSRM, PSLV, CEF,USAS, WHGOF, ELRRF,AXU, HL,OCANF,SSPXF, CNRIF, etc. After all,
tomorrow is another day.
Bonzo Barzini – It sounds like you have a good crack at making millions during this PM bull run.
May you have a prosperous next few years.
Thanks. Let’s hope NULGF and NSRPF and LOMLF perform as well as AAPL in the next 35 years.
Bonzo: nice!
(SBB) (SGSVF) Sabina Gold & Silver Reports First Results from High-Grade Corridor Drilling at Umwelt Underground
20 Aug 2020
Results include:
> 15.15 g/t Au* over 19.40 m in drill hole 20GSE571
> 12.64 g/t Au over 7.70m in drill hole 20GSE572
> 19.27 g/t Au over 7.00m in drill hole 20GSE573
https://ceo.ca/@nasdaq/sabina-gold-silver-reports-first-results-from-high-grade
The Rotting Big Apple:
Nothing more to say, except what people were saying during the ’70’s crisis: “The Big Apple is rotten to the core.”
Invest Yukon: Exploration 2020 Series (Part 3)
–> [this is happening live today in just over 1 hour]
Thu, Aug 20, 2020 at 3:00 PM Central Time
Featured Yukon Leaders in Part 3:
Alexco Resources Corp (TSX: AXU.TO | NYSE: AXU)
Banyan Gold Corp (TSXV: BYN)
Victoria Gold Corp (TSX: VGCX)
https://webinars.6ix.com/6ix/Invest-Yukon-Exploration-2020-Series-Part-3
(NHK) (MIMZF) Nighthawk Reports Multiple High-Grade Intercepts at Colomac
20 Aug 2020
“Hole C20-02 returned 33.25 metres of 3.89 gpt Au, including 9.25 metres of 10.93 gpt Au, and including 5.50 metres of 16.63 gpt Au”
https://ceo.ca/@accesswire/nighthawk-reports-multiple-high-grade-intercepts-at
long ALT
Bonzo,
We all live and learn and your better off today for that.. your going to make money and there are many wise people in here.
Personally I was up a ton in 2010 and than lost a ton but today I’m back in the game. We live and learn. What did I learn? To take fucking profits when shit goes up lol.. that’s why glen decided to trade the intermediate cycle aside from my Kong term. I needed a place to funnel my cash and so here Iam and what better group than in here. When I’m in doubt I give a shout out and the boys chime in with there thoughts.. you couldn’t pay for that info!!
All the best
Glen……..that is good advice……I also, was up huge…..in 2010…..
No problem…..better off now than then….so, no grip,
Sun Metals seems to be getting some interest….guess some results are in the labs
Aden Sisters believe we have entered a D decline correction.
I believe they are using $1940 Gold and $24.50 Silver as support levels, which we are currently above.
This should put a damper on some REITs……
https://www.zerohedge.com/markets/hotels-are-headed-unprecedented-wave-foreclosures-lodging-group-warns