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Gold markets investment demand update – Why’s the market so slow and what could be the next catalyst to bring investors in?

Cory댊
July 16, 2021

Jeff Christian, Managing Partner at the CPM Group joins me to share his insights on investment and physical demand for the gold market. We discuss what’s driving investor demand and why, even with high inflation data, investors are not attracted to gold at the moment.

Click here to visit the CPM Group website to learn more about Jeff’s group.

Discussion
28 Comments
    Jul 16, 2021 16:34 AM

    It’s been almost 2 and a half months and Simon Ridgeway still hasn’t taken the trading halt off Rackla Metals. He operates with a tight fist and when it does come off the share price will move fast and then he will put another halt in place. Strange one to watch, he could keep it halted for another three months. If you get in you better get out in a timely manner, before there is another halt. I’ve watched this stock for eleven years, Ridgeway is an eccentric, I think he is saying, I’m in control.

    BDC
    Jul 16, 2021 16:29 AM

    Franco-Nevada saturated high yesterday
    on the highest volume in over 3 months.
    Royalty companies can be bellwethers.

    Jul 16, 2021 16:27 PM
    Jul 16, 2021 16:58 PM

    It took awhile but IPT finally reached the supports at .56 that I highlighted recently…
    https://stockcharts.com/h-sc/ui?s=IPT.V&p=W&yr=7&mn=0&dy=0&id=p40585053546&a=570417673

      b
      Jul 16, 2021 16:31 PM

      Unfortunate you didnt highlight .56 when ipt was $1.20. 😉

      Ipt could still fall further as gold drops to 1750 etc, maybe it goes all the way to .11 again.

      I think that might be nice.

        Jul 16, 2021 16:39 PM

        There’s no way I would have cared about .56 when it was 1.20. I traded in and out of it several times as it bounced from 1.25 to the .90s and .80s back to the 1.teens and 1.22.

    Jul 16, 2021 16:22 PM

    UUUU plunged 14% this week after I warned about it last week. It has now confirmed a big bearish double top which implies that it has much further to fall.
    https://stockcharts.com/h-sc/ui?s=UUUU&p=W&yr=3&mn=11&dy=0&id=p43737683007&a=987769428

      Jul 16, 2021 16:08 PM

      When Warren Buffett gets a whiff of all that cash, buys one of these miners, then it will turn around.

        Jul 16, 2021 16:27 PM

        He did that already and sold after about six months. What makes you think he’s gonna jump in again? I don’t see the logic.

          Jul 16, 2021 16:55 PM

          Barrick is about 23% cheaper now than when Buffett bought it last year. More importantly, Barrick priced in gold is now around 30% cheaper than when he bought it and, believe it or not, Buffett bought the top in Barrick vs gold…
          https://stockcharts.com/h-sc/ui?s=GOLD%3A%24GOLD&p=W&yr=3&mn=1&dy=0&id=p83711310598&a=993135589

            Jul 16, 2021 16:34 PM

            Maybe Jimmy Rogers will come in with a big shovel and scoop up all those free dollars sitting on the floor in the corner.

            Jul 16, 2021 16:46 PM

            It’s gonna have to be a Newmont this time around, Barrick just isn’t big enough to move his needle anymore. Until then the gold miner market will be sideways to up and down like a toilet seat.

    Jul 16, 2021 16:49 PM

    hi, Matthew. ktn for some reason , insider sell. may be for share price doesn’t matter.

      Jul 16, 2021 16:06 PM

      Hi Alex, yes, Eric Sprott and others sold at least 8 million in May and June at 30 cents. I have more than doubled my position since then.
      I have no way to know why he or any others might be selling but keep in mind that there are countless reasons one might sell but only one reason to buy. So I am usually more interested in who’s buying a stock than who’s selling it unless the selling causes unusually bearish price action.

    Jul 16, 2021 16:09 PM

    Gold update!

    Told many of you long ago this was headed down and here we are. Impact looks like it will hit my guaranteed price at .46-.48. The question will be will it hit my stink bid at .29-.30?

    The naked short selling and mms are heavily at work and I just don’t see a turn around story this month. The only saving Grace is gold is holding while miners clearly getting shorted. Never say never but the September low or end of august low I suggested might be the final low of the longer term trend. This is as nasty as it get for the long term holders forget the traders who go in and out.

    Let this be a wise wake up call for many, if gold ever goes back up of which I believe it will, profits need to be taken big time and he who doesn’t deserves what they get. This is wash rinse repeat with miners not gold. Miners!

      Jul 16, 2021 16:57 PM

      Glenster, you’ve been honest in keeping to your .46 IPT call, so we’ll see if it gets there. Thanks for keeping us posted.

    Jul 16, 2021 16:39 PM

    Matthew, thank you for response, on the other hand gsv inside buy and price is going down. every one crashes now.

    Jul 16, 2021 16:54 PM

    Took my gains in AOTVF awhile back—it looks like it’s ready to break down and move back toward $.75 where I’ll consider purchasing it again. That dropped my percentage of investment in the PM sector back to the upper 30% again and will wait to start serious buying when this sector is done puking.

    Jul 16, 2021 16:58 PM

    Wondering if we’re in a cyclical bear market, and we won’t see mid 2000’s until 2024 or later. Can’t see it getting off the mat when we’re hoping and praying that Jim Rogers and Buffet come in and buy large-cap miners to save us. BTW, I’m heavily invested in PM’s and thought this would be a long correction, but not a full year or more.

    Jul 16, 2021 16:06 PM

    Easy to call a puke on the day they puke

    Jul 16, 2021 16:28 PM

    Even Sprott, a while back, didn’t call for a puke out, especially with gold still holding 1800, though obviously not for long