Weekend Show – Sat 11 Sep, 2021

Markets and Metals – It’s all about sector performance so we break down what’s running and what’s not

Full Weekend Show

I thought post Labor Day the action would pick up! We did see some weakness in the broad averages but overall it was another slow week of trading. With this environment continuing we take a step back and start comparing how markets and certain sectors are performing against one another. We of course talk metals but not just precious metals. Also tying in sectors within the US markets and internationally.

Please keep in touch by emailing us with your questions and any topics you would like more coverage on. Our email addresses are Fleck@kereport.com and Shad@kereport.com. Also be sure to listen to all the company updates from this week and let us know what you think.

  • Segment 1 and 2 – Dana Lyons, Fund Manager and Editor of The Lyons Share website joins us to first explain the internal models that he uses to trade a wide range of markets. He shares the key factors the models use. We then shift focus to the US markets, bond market, metals, and oil. To take advantage of the 25% off special he is extending to our listeners please email me at Fleck@kereport.com.
  • Segment 3 – Brien Lundin, Editor of The Gold Newsletter is up next with a focus on the gold market. He outlines the key drivers ahead for the metals and a stock that has been putting out good drill results.
  • Segment 4 – Robert Sinn, also known as Goldfinger wraps up the show from the conference floor at Beaver Creek to share the topics that are being discussed at the conference. We then get his insights on the gold market, copper, and uranium stocks.

Exclusive Company Interviews This Week


Dana Lyons
Brien Lundin
Robert Sinn – Goldfinger


Comments:
  1. On September 11, 2021 at 7:03 am,
    Glenfidish says:

    Thanks for the interview Guys!

    Mr Lundin,

    Made some good points towards the end in regards to staying put and waiting dor market direction before entering. Personally I have been purchasing more and more here and on Friday got myself some more iamgold. The way the markets closed, could have some miners breaking lower as discussed but overall I’m of the feeling this month will see a bottom and possible reversal candle. The month is long and it sure looks like some miners want lower but there is no crystal ball with exact reversal only that I’m buying this trend lower here for many reasons. Long term trend is thoroughly exhausted and divergence as others pointed out is very very clear. These are gift prices and quite frankly I don’t care buying here when the long term is going to be much much higher. The theory of falling knife would have been said long ago. Now we have landing in front of us with possible takeoff and accumulation is what should be happening not staying put in my mind.

    I think gold is going to surprise many and I have been very bearish for quite sometime. Just very recently started to purchase more and I will get even more aggressive this month if there is a fire sale. But again the turn can happen anytime.

    I’m regards to the equities market, I think many are of the belief if we have a correction 2008 will happen all over again and assume that the fed throwing money at it will keep it afloat. What I’m thinking this time is there is an event if some sort coming and I think it has to do with this world and globally you see the protest gaining traction in regards to this suppression. I think we have a big catalyst coming that would cause many to strike, not work and this will be destructive to the economy and earnings etc and that will be the loss of confidence in the people world wide and I bet gold and miners sniff that event way before hand..

    Thanks again

    • On September 11, 2021 at 10:46 am,
      Excelsior says:

      Thanks Glenfidish, and yes, Brien Lundin made some great points on the macro economic backdrop and being patient with the mining stocks while continuing to watch for opportunistic setups in specific companies that people are tracking in their portfolios or on their watchlists (like he did 2 months back with I-80 Gold).

      Goldfinger also had a number of solid points on Gold pricing resistance levels he’d like to see cleared, how the gold miners are valued like we are at $1600 gold (and not $1800 gold), and the good opportunities available in the mid-tier producers at these depressed valuations relative to the metals price. Goldfinger also discussed the nice run higher in the Uranium miners as of late and the longer term bull market that is likely developing here, as well as some cogent comments on the Copper pricing relative strength compared to other asset classes, and how as the larger bull market continue to unfold that will eventually have fund flows trickle down to the copper juniors.

      Dana had 2 solid opening segments on how he manages swing-trading as a more active investor, and which overall sectors in the general markets have his attention like Oil, Bonds, Small Cap Growth, Cryptos, and which levels he would be looking for a pullback to in the GLD and SLV before getting more aggressive with purchasing the PMs.

      Thanks to all our guest contributors throughout the week, and thanks to all of our contributors here on the blog for offering valuable contributions to the community here at the KER. Ever Upward!

      • On September 11, 2021 at 11:00 am,
        Excelsior says:

        To the point made in Goldfinger’s interview above on the surge in the Uranium stocks, and the discussions and posts the last few weeks on the big move in this tiny sector:

        Here’s a dirty dozen Uranium mining stocks on the CandleGlance #Chart:

        $URNM $CCJ $UUUU $URG $UEC $DNN $NXE $AZZ $EU $UEX $ISO $GLO

        https://stockcharts.com/freecharts/candleglance.html?URNM,CCJ,UUUU,URG,UEC,DNN,NXE,AZZ.TO,EU.V,UEX.TO,ISO.V,GLO.TO|B|0

        • On September 11, 2021 at 11:15 am,
          Excelsior says:

          Amir Adnani (of UEC) @AmirAdnani 10:36 AM · Sep 10, 2021· Twitter

          “2006 #uranium bull market was ignited w news of Cigar Lake mine flooding, delaying 18M lbs of U entering the market as new supply.”

          “Today’s @Sprott news of adding $1B to their ATM means 20M+ lbs of new buying! All supported by best fundamentals in the #uranium market in a decade!”

          https://twitter.com/AmirAdnani/status/1436382981736714244

          • On September 11, 2021 at 11:18 am,
            Excelsior says:

            As a result of the Sprott Physical Uranium Trust coming in and mopping up even more U308 lbs from the spot market recently (on the back of a half dozen non-producing U companies also buying up millions of pounds off the spot market prior to Sprott doing so), here’s a look at how the spot pricing responded:

            https://cdn-ceo-ca.s3.amazonaws.com/1gjn51j-170930EF-ABB3-40BB-A352-76C581EF7E9D.png

          • On September 11, 2021 at 11:20 am,
            Excelsior says:
          • On September 11, 2021 at 12:20 pm,
            Excelsior says:

            I Love Prosperity – w/ Jake Ducey and guest Justin Huhn – Sept 11, 2021

            “Justin Huhn does a full update on what’s happening in the Uranium market and Uranium stocks. We talk about Sprott resources getting involved, the effect on the uranium spot market and what’s coming next.”

            https://youtu.be/IapLqyFkuVg

          • On September 12, 2021 at 8:21 am,
            Excelsior says:

            Why $UUUU $EFR Energy Fuels, $URG $URE Ur-Energy, $UEC Uranium Energy, and $DNN $DML Denison Mines Stocks All Surged Today

            Rich Smith – (TMF Ditty) Sep 10, 2021

            “Uranium is getting more expensive. So are #uranium stocks.”

            “Uranium mining stocks are hot Friday. As of 2:05 p.m. EDT, Energy Fuels shares are up 11.3%, followed by Denison Mines with a 13.5% gain, Ur-Energy is up 13.7%, and Uranium Energy is leading the pack higher — up 14.1%”

            And you can thank #Sprott Physical Uranium Trust Fund $U-UN $SRUUF for that.

            https://www.fool.com/investing/2021/09/10/why-all-the-uranium-energy-stocks-are-surging/

      • On September 11, 2021 at 11:05 am,
        Excelsior says:

        To Brien Lundin’s point, there is still the ability of quality stocks doing quality work to get rewarded by the marketplace, if one looks for opportunistic set ups. Take a look at how well I-80 Gold did on the back of those great drill results under their pit 2 weeks back, and their well-received news on buying other gold mines & projects to grow through bolt-on acquisitions this last week. We see a very nice increased volume on the surge higher in (IAU).

        https://schrts.co/gZTvJGkz

      • On September 11, 2021 at 1:42 pm,
        Glenfidish says:

        Ex,

        Although uranium is not my space im happy for the investors in here who have reaped the rewards! Even if gains were taken early, gains are gains and I will take profits all day in these choppy markets more often then none. So hats off to the uranium players and if some of you have 100% honestly done well, fantastic 🙂

        I just can’t wait till the miners take off eventually and the food old days will come back when buying every pull back is rewarding for some or letting it sit and run does the same.

        Glen

        • On September 12, 2021 at 7:07 am,
          Excelsior says:

          Thanks Glenfidish. Yes, I’ve had great gains in Uranium stocks over the last year personally (and plenty of other nice swing trade periods for the last few years really).

          I did trim some U stocks back in January, bought some in March, pared a few more back in May, and then bought some back in the summer June/July, trimmed some in early August, bought them right back in mid August, but just trimmed back 5 positions by 25%, and sold 2 of my 7 U stocks (one due to a takeover) this last week into the recent frenzy.

          I still believe they have a long way to run in the unfolding bull market, but much of the easiest money has been made at this point in the sector. I’ve still got core positions in 5 companies if this short-term trend and momo traders push things even higher, but I’m looking to buy back on dips, as the uptrend has been clear for some time now.

          I’d submit that buying every pullback in Uranium, Lithium, and even some Copper stocks has already been rewarding over the last year, but that just hasn’t translated over to the Gold & Silver stocks quite yet, due to different fundamental drivers and different technical set ups.

          Ever Upward!

    • On September 11, 2021 at 10:54 am,
      Ann says:

      HiGlen. “quite Frankly I don’t care buying here”. I agree.. can’t sit on the sidelines forever..

      • On September 11, 2021 at 1:48 pm,
        Glenfidish says:

        Thank Ann nice to know some of us purchase when others run.. of course that is not intended with harm towards Mr lundin. If I read correctly he is somewhat invested already but not purchasing more. I call this a more conservative approach/passive.. it took me years to understand buying blood bath phase as Gary would say or fire dale as doc would say or bargain hunting like others say or cost averaging like ex would say 🙂 trim and buy.. each investor has his approach but buying the blood imho is we’re the big gains are made yet few can handle it. Again took me years to figure that out and when you drop 100k plus on lots it ain’t that simple.

        Glad your around Ann please post more often or get your husband to chime in o heard he knows a thing or two 🙂

        Glen

  2. On September 11, 2021 at 7:10 am,
    BDC says:

    As the Boomex flood fades, so does its focus upon real wealth. In lieu, artificial intelligence and virtual reality appear to be accepted by Millzoomers. Will this, too, pass?

  3. On September 11, 2021 at 7:19 am,
    Glenfidish says:

    We need to pay attention to the Vix! It seems like a long term bottom is in or is around the corner in regards to divergence and length of time. I really like what I’m seeing. Even if the miners go down one more time they will come out of this very strong. It may not even happen

  4. On September 11, 2021 at 11:12 am,
    Excelsior says:

    Craig Hemke – Economic Downturn in 4th Quarter

    Liberty and Finance – Sept 10, 2021

    0:59 Gold/silver pullback
    3:22 Key price levels
    7:19 Fed taper?
    10:23 People will wake up
    14:07 The Fed & markets
    17:16 Vaccine mandate
    20:25 Economic outlook

    https://youtu.be/BaAw12VCwNw

  5. On September 11, 2021 at 11:13 am,
    Excelsior says:

    Rick Rule – Huge Move For Silver Coming Due To Shortage In Silver Availability

    The Financial Brief – Sept 10, 2021

    https://youtu.be/3tM9ZQNz4v8

  6. On September 11, 2021 at 11:34 am,
    irishtony says:

    Cavemen Economics >>>>> or How The Banking System Works….. Enjoy…… lol.
    https://youtu.be/U_SVexaSMwk

    • On September 11, 2021 at 11:40 am,
      Excelsior says:

      Truly hilarious and spot on Irish T! Brilliant! 🙂

      I love when they got to interest, holding fees, transfers, and depreciation with the shells.

      • On September 11, 2021 at 11:44 am,
        Excelsior says:

        This one is still a classic to pull out every once in a while on the banking system.

        _______________________________________________________________________________

        The American Dream – Understanding Money and the Banking System

        https://youtu.be/k6zpfE7WjHI

        • On September 11, 2021 at 11:52 am,
          irishtony says:

          Shad ….. The problem is , the majority of the worlds population dont understand the banking system . This SHOULD be taught in schools , for if it was, the world would be a better place…. imo

          • On September 11, 2021 at 11:56 am,
            Excelsior says:

            100% agreed.

      • On September 11, 2021 at 11:46 am,
        irishtony says:

        Hi EX…. There is truth in humour. George Carlin proved that in a big way.

        • On September 11, 2021 at 11:48 am,
          Excelsior says:

          +1 Absolutely. Loved Carlin’s rants. “It’s a big club and you and I ain’t in it.”

  7. On September 11, 2021 at 12:17 pm,
    Excelsior says:

    Michael Gentile – The Fed Cannot Tame the Inflation “Beast”

    Stansberry Research – Sep 8, 2021

    “The Federal Reserve has no choice but to raise rates by 25 basis points next year to regain confidence or they have to let inflation run wild. In either case, the central bank will have a hard time fighting the inflation beast, says Michael Gentile, a Montreal based strategic advisor and market expert.”

    https://youtu.be/xWoDlwnskGs

  8. On September 11, 2021 at 12:30 pm,
    Bill says:

    Well I’ve personally been out of gold since Aug 2020. PM stocks have done extremely poorly and still.
    Wish I blew out ALL my BBB…crap
    That said Here’s Bobbo with another tall tail below.
    A few years ago I said to Bobbo the Markets were setup for a massive run and he said said nope and if they did gold would run faster and further.
    Pull up the chart.
    They even better pull up the March 2020 crash to now. Gold, Dow Nasdaq….. Gold bombed.
    Gold bugs are truly idiots. There is NOT going to be a market crash. Where the hell would all the inflated funny money go?? BB has no idea what he’s talking about again.
    Remember my attacks on him right here a number of years ago? Some here attacking me and supporting him?
    Golds just a great spec vehicle thats it. No saving the world declaired by the gold bug crew for 20 years..
    That said I’m 50% cash as the stock markets are due….
    Markets can continue to go up BECAUSE OF MONITARY POLICY!!! Daaaa

    http://www.321gold.com/editorials/moriarty/moriarty091121.html

    • On September 11, 2021 at 6:30 pm,
      CaliJoe says:

      You got out at a perfect top? Where did you buy your crystal ball from?

    • On September 11, 2021 at 6:49 pm,
      CaliJoe says:

      Whatever funny money was out there has already inflated Nasdaq, real estate, cryptos, NFTs etc etc. Give you an example, NVDA is already 44 percent higher than its 200 dma and so many other stocks across the board.
      There’s going to be a rude awakening anyone who keeps thinking about never ending funny money. Just my opinion

  9. On September 11, 2021 at 12:33 pm,
    Bill says:

    Ill spare ya the pain.
    Nasdaq up 170%
    Dow 90%
    Gold 12%
    approx

    • On September 11, 2021 at 1:52 pm,
      Glenfidish says:

      Bill,

      Long time no see or hear unless you post as other alias lol.. any who I heard your quite the traveller, that’s not gypsy intended or mocking anyone but you move in rv. I read once the antenna in the rv connects well with your guru or guy you have shared with us. What is your professor saying to you and I understand your very big in realstate however from time to time you go in hard with miners. Let me know if you have been a buyer, seller, sidelines or talker hehe..

      No seriously speaking what’s your status big guy? 😉

      • On September 11, 2021 at 3:12 pm,
        Bill says:

        Hey Glenfidish!
        Yes all good. Always looking for the next move on things. Busy fine tuning stuff finally getting caught up. Everything broke this year lol. back hoe bucket quick coupler, sawmill, hot tub, Camper Genset, hell the sink taps and on. Better to be handy then……
        No travels just a bit of camping. Drop some new Trex on my condo decks painted the Hardy siding on my 3rd story office. Paved one of my parking lots….tired of potholes. Jacked up the parking rates.
        Who knew a chunk of dirt turns into a cash cow so fast.
        Bought the 1/3 acre lot with the other project. Paid $175k paving $70k lot value now near $500k prime spot 35 stalls at $100 month near $40,000 year love it when that happens.
        Its been bloody hard work but the place is a cherry now. Paid $2.175mil now worth $6mil.
        Great tenants…
        Ya RE had a big move the last few years. Their crazy monetary policies jacked my stuff up lots.
        I would buy nothing now. Got way to stupid. I think we peaked out for a while.

        Miners are very cheap i think.
        Added a few but still cautious. My dudes are recommending a few. One is E2Gold Inc sym ETU.
        Looks good and some decent volume.

        Oh bought this repo for $24k CDN just setting up to rent out for $1250 month.
        Peeps are in dire for accoms
        https://www.rvusa.com/rv-guide/2012-forest-river-cedar-creek-fifth-wheel-floorplan-36rd5s-tr12004

        • On September 11, 2021 at 6:16 pm,
          OOTB Jerry says:

          Talk about a gold bugs being and idiots…. anyone sharing that much on an open network, must love to be around gold bug idiots… 🙂
          All in good fun, Bill, love to see you participate… 🙂

          • On September 11, 2021 at 6:17 pm,
            OOTB Jerry says:

            No. 1, I love real estate… 🙂

          • On September 11, 2021 at 6:25 pm,
            Planetgoofy says:

            LOL
            I’m in Nebraska or Nova scotia. That’s the beauty of it. No one cares.
            Any realtor I know knows it anyway. Pretty easy to figure out what anyone has or makes. It ain’t rocket science. That’s why business sell cap rates.
            What no one knows especially family’s or friends…how much debt I have. Thats mine and the banks biz….But it zero these days. Now you know lol. Im in the super cautious camp cause we have super stupid leaders and policies.

            Unfortunately for some…Gold becomes a religion. I’ve seen people get crushed buy it.
            Sad to watch.
            Cheers and keep on trucking OOTB!

          • On September 11, 2021 at 6:27 pm,
            Bill says:

            LOL LOL not sure how planetgoofy got up?
            re-post.
            I’m in Nebraska or Nova scotia. That’s the beauty of it. No one cares.
            Any realtor I know knows it anyway. Pretty easy to figure out what anyone has or makes. It ain’t rocket science. That’s why business sell cap rates.
            What no one knows especially family’s or friends…how much debt I have. Thats mine and the banks biz….But it zero these days. Now you know lol. Im in the super cautious camp cause we have super stupid leaders and policies.

            Unfortunately for some…Gold becomes a religion. I’ve seen people get crushed buy it.
            Sad to watch.
            Cheers and keep on trucking OOTB!

          • On September 11, 2021 at 6:39 pm,
            OOTB Jerry says:

            Debt free is the only way to travel… lol..
            No gold religion here, just No. 1 Jesus as CHrist, everything after that is simple, easier to get one’s head around the stupid world., and the morons running it…. 🙂

  10. On September 11, 2021 at 2:08 pm,
    Matthew says:

    The week that just ended began with “do or die” potential but delivered neither. The situation is still fine in my book since a short term pullback made sense for much of the sector and shortened weeks are often not indicative of much.
    The coming week could also be a “do or die” one but also doesn’t have to be.
    SILJ vs GDX remained above recently reacquired MA, speed line and fork support…
    https://stockcharts.com/h-sc/ui?s=SILJ%3AGDX&p=D&yr=1&mn=7&dy=0&id=p56954337416&a=995813078

  11. On September 11, 2021 at 2:22 pm,
    Matthew says:

    IPT already retraced more than half of its 36% rise since 8/20 and finished 6% above yesterday’s low after backtesting the speed line and fork that it broke out of on 8/31…
    https://stockcharts.com/h-sc/ui?s=IPT.V&p=D&yr=0&mn=7&dy=0&id=p54180350676&a=993195155

  12. On September 11, 2021 at 2:33 pm,
    Matthew says:

    Gold began the week with a gap up versus silver to nearly fill an 8/16 gap but finished the week much closer to its low. It still has the bullish edge on silver for now but left a generally bearish weekly candle yesterday so silver might hold its own a bit better in the next several days whether gold’s bounce in relative strength is over or not.
    https://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24SILVER&p=W&yr=3&mn=9&dy=0&id=p59009872035&a=1024973988

  13. On September 11, 2021 at 2:38 pm,
    Matthew says:

    Bulls don’t want gold to finish the coming week below 1777 or even close to it, as far as I’m concerned.
    https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=3&mn=7&dy=0&id=p46275308028&a=1021468347

  14. On September 11, 2021 at 2:44 pm,
    Matthew says:

    Silver remains on a daily MACD buy but the STOs aren’t pretty so an UP day on Monday would be nice.
    https://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=1&mn=3&dy=0&id=p04191234480&a=500462915

  15. On September 11, 2021 at 2:50 pm,
    Matthew says:

    IPT went up 36% vs SILJ over the last 2-3 weeks and has retraced half of that move. It remains a weekly chart BUY vs SILJ but does not yet look as good vs the USD.
    https://stockcharts.com/h-sc/ui?s=IPT.V%3ASILJ&p=W&yr=5&mn=11&dy=0&id=p50256763576&a=601239737

  16. On September 11, 2021 at 3:52 pm,
    RICHARD/DOC says:

    Looks like the conventional markets are topping out and may see a softening for the rest of the year. The odds are not in favor of gold making any big run for the rest of the year either. probably one more down move to completely make everyone want to “puke” and then the worse of this move will probably be over. The Fed now talking about beginning its’ tapering in November and ending in July of next year—that won’t be a positive for the PMs either—not a big negative for those who have been patient and want to add or take new positions in the PM stocks here even though we’re probably going to have a lot of double bottoms (as predicted) for the stocks with the March lows of 2020. The 20 month moving average of the monthly BBs for gold is now looking vulnerable for a close under it.

    • On September 11, 2021 at 5:25 pm,
      CaliJoe says:

      Doc,
      Bob Moriarty is predicting a crash in general SM. If you look at Bob’s track record, he’s usually a little early in his calls. If I remember correctly he said a crash prior to Covid but that was in 2019 Nov/December. I have a feeling, PM indices will take tank also. A big frigging DROP. I’ve been holding my shorts in NEM and Barrick.

      • On September 11, 2021 at 5:28 pm,
        CaliJoe says:

        I’m also holding shorts in GLD. I think PAAS is vulnerable here also. I have a feeling its going down under $20

        • On September 11, 2021 at 5:35 pm,
          RICHARD/DOC says:

          I sold a lot of my silver positions at the highs but kept others. I’m waiting for lower prices on the ones I sold and will pick up others at lower prices.

      • On September 11, 2021 at 5:31 pm,
        RICHARD/DOC says:

        Cali, you’re right about Bob—I remember one of them and it was obvious on the charts that it wasn’t going to happen anytime soon—I also would place a bet on what you just predicted. I’ve been short the conventionals for about 3 weeks.

        • On September 11, 2021 at 5:46 pm,
          CaliJoe says:

          Good for you Doc. Semi conductor inverse ETF had a gargantuan volume on Friday, maybe it’s indicative of something. Things are going to be interesting in coming fall months to say the least. Come monday they will try to rescue stocks but that will be a great opportunity to initiate short positions in Nasdaq and small caps (I think)

    • On September 11, 2021 at 6:28 pm,
      Mike in Albuquerque says:

      I am blown away by those who think the Fed can ever really taper and think that it can raise interest rates by even 2 or 3 percent. What planet are they living on? Now the taper is supposed to start later this year and they have no idea when interest rates will rise. What will folks do when we get to Jan or Feb of next year and the Fed still hasn’t started the taper process?

      • On September 11, 2021 at 6:37 pm,
        RICHARD/DOC says:

        Especially if the conventional markets collapse and the economy slows.

        • On September 11, 2021 at 8:11 pm,
          Terry Huebert says:

          Maybe this year it’s different

      • On September 12, 2021 at 11:06 am,
        Excelsior says:

        The Debt Trap – Part 3

        Richard (Rick) Mills – Ahead Of The Herd – September 8, 2021

        “The Fed is severely constrained in how much it can raise interest rates, to quell rising inflation, due to ballooning debt. Following $4.5 trillion spent on pandemic relief, and trillions more to come, through Biden administration spending, along with the continuation of quantitative easing (what I like to call “quantifornication”) to the tune of $120 billion in asset purchases per month, the Fed has in one year doubled its balance sheet to around $8.3 trillion.”

        “Quantitative easing is a technique used by the US Federal Reserve and other central banks to stimulate the economy in times of crisis. The Fed buys up securities from its member banks, thereby adding new money to the economy (this is where the expression, the Fed is “printing money” comes from). It’s a way of funding new expenditures, without actually dipping into the federal budget.”

        “The idea is to free up more money for banks to make loans to individuals and businesses, thus growing the economy. The money is not cash, but credit that is added to banks’ deposits. When it wants to print money, the Fed lowers the benchmark federal funds rate, and banks in turn lower their interest rates, making capital more affordable so that businesses and investors are more likely to borrow.”

        “QE was successful in preventing a financial meltdown during 2008 and 2020, but the effect has been a reliance on cheap credit that has fueled both a stock market bubble and a real estate bubble that many observers believe is in danger of popping. Bond investors have also become addicted to Fed stimulus.”

        “Excessive money-printing not only in the United States, but Britain and the EU, is continuing to devalue currencies at an alarming rate (this, by definition, is inflation, because it takes more units of currency to buy the same amount of goods as before) — for which precious metals, namely gold and silver, are the best defense.”

        “Inflation erodes the purchasing power of fiat currencies and eventually they become worthless.”

        “The dollar has lost 90% of its purchasing power since 1950.”

        “By contrast, since 1972 gold has gone from $35/oz to $1,800. “

        “There has been talk of a “corporate bond bubble” triggering the next financial crisis, after the Fed took extraordinary measures at the beginning of the pandemic to buy corporate bonds — part of a $250 billion program funded by the CARES Act.”

        “Questions emerged about why the Fed was purchasing the bonds of companies that really didn’t need their help, including such economic stalwarts as Microsoft, Visa and Home Depot. Moreover, several of them had “junk bond” as opposed to “investment-grade” status, such as Heinz, Ford and Macy’s.”

        “The danger is if the bond market crashes, which could happen if enough companies are unable to pay their debts (ie. redeem bonds upon maturity plus interest). The bond market is several times larger than the stock market, amplifying the risk of a crash. “When the bond market blows a gasket, the damage is much worse for the economy,” states the CNBC video.

        “The global debt overhang which as stated, has more than doubled since 2007, has severely curtailed governments’ ability to deal with a major financial crisis such as the coronavirus. Interest rates are already so low, that central banks are limited in how much they can cut (the Fed has already “used up all its bullets” in setting interest rates at 0 to 0.25%).”
        “A cross-the-board ‘Debt Jubilee’ might sound radical, but a reading of history shows that retiring debt can actually make a country’s economy, and its indebted citizenry, all the better for it.”

        “Billionaire investor and hedge fund manager Ray Dalio, in his book ‘Principles for Navigating Big Debt Crises’, argues that when interest rates can’t go any lower and QE has already been tried (ie. right now), a central bank’s last resort is to provide relief for the common people.”

        “An outright cancelation of sovereign debt shouldn’t be ruled out. During the Great Depression, France and Greece had about half of their national debts written off completely. In 1953, the London Debt Agreement between Germany and 20 creditors wrote off 46% of its pre-war debt and 52% of its post-war debt. The country only had to repay debt if it ran a trade surplus, thus encouraging Germany’s creditors to invest in its exports, which fueled its post-war boom. As we pointed out, in 2000, $100 billion worth of debts owed by developing countries were wiped off the books.”

        “Again, this is not as far-fetched as it sounds. Because we live in a fiat monetary system, currencies are not backed by anything physical; the reserve currency, the US dollar, was de-coupled from the gold standard in the early 1970s. It’s not like a raid on vaults full of gold, which have an inherent, physical store of value.”

        “In reality there is nothing preventing central bankers from doing a complete global reset, putting all debt back to zero.”

        “People are being misled into believing that the US Federal Reserve is going to scale back its $120 billion per month asset purchase program (QE) and raise interest rates. The Fed can telegraph its intentions all it wants, the fact remains that at such unsustainably high debt levels, the interest payments will eventually cripple the federal government.”

        “In 2019, before the coronavirus crisis, the Committee for a Responsible Federal Budget (CRFB) calculated that under current law, net interest payments will nearly triple over the next decade, to $928 billion by 2029. In 2019 the national debt stood at $23.2 trillion compared to the current $28.7 trillion, so already we know the projections are too conservative.”

        “Remember the current debt doesn’t include the $1 trillion infrastructure bill before the House; nor the $3.5T anti-poverty and climate plan; nor President Biden’s budget for full year (FY) 2022 totaling $6 trillion, more than any other previous budget.”

        “Some see the national debt going much higher, given that the way it is calculated now, doesn’t include unfunded Social Security and Medicare promises. When that $129 trillion worth of bills is added, “the truth” is closer to $133 trillion.”

        “Now we are talking about interest payments of four to five times the current $300 billion, ie., $1.2T to $1.5T. The people supposedly represented by the government can’t afford that level of interest (they will suffer higher interest payments on their own debt), same as businesses cannot afford higher interest payments on their debt.”

        “But there is a way to avoid this slow-moving car crash – a global debt reset – a Debt Jubilee, if you will. Imagine what could be achieved if all the central banks acted together in retiring all the world’s debt — all $281 trillion of government, corporate and consumer loans. Of course the financial institutions would balk; their hands would need forcing. But the effects on the economy would be immediate and profound.”

        “Governments, businesses and households would finally be free of the debt shackles that constrict their ability to grow. Governments, business and people can start borrowing and spending all over. And why not? What most think of money isn’t money, its credit created by a bank, it’s ones and zeros on a computer represented by paper and coins. The world will get to do it all over again, after all it’s not like there’s a day of reckoning in the future.”

        “The coronavirus is the perfect opportunity to reset the global monetary system through a Debt Jubilee. Without a plan to reduce the debt, the era of “free money” will continue, benefiting gold and silver prices for the foreseeable future.”

        https://aheadoftheherd.com/the-debt-trap-part-three-a-debt-jubilee/

        • On September 12, 2021 at 11:15 am,
          Excelsior says:

          As a refresher, the theme from the global elite’s last conference in Davos Switzerland was “The Great Reset.” (ding, ding, ding)

          A debt jubilee could easily be a part and parcel of this planned Great Reset.

          ________________________________________________________________________________

          A Timeline Of The Great Reset Agenda: From Foundation to Event 201 and the Pandemic of 2020

          Tim Hinchliffe – The Sociable

          https://tinyurl.com/tf6akzr8

          • On September 12, 2021 at 8:05 pm,
            Dick Tracy says:

            If you have a debt jubilee and individuals, businesses, and governments are just allowed to walk away from debt obligations, all banks will fold if they can’t collect on money ode. During the hyperinflationary period in Weimar Germany household mortgages were tied to the price of gold so citizens couldn’t pay off their mortgage with worthless currency. What’s the point of having financial institutions if you can walk away from a mortgage and all your debt and still keep your property, your car, your credit card. I guess the government will then have to keystroke fiat to give to the banks. The debt jubilee is a farce, and it will only undermine the credibility of The Government and financial institutions if they allow such a stupid idea to pass. It’s more of the same nonsense that got us into this terrible situation in the first place. Businesses, governments, individuals who can’t pay their bills must declare bankruptcy. Someone or something will take their place, the system will eventually cleanse itself, and life will go on but people need to realize there are real consequences for making poor financial decisions. Maybe then they will start teaching finances in school, only the government doesn’t want the masses to be able to see how their money is really spent by the political leaders.

  17. On September 11, 2021 at 8:10 pm,
    David says:

    The more the Fed “talks”, the less I believe what they are talking about.

  18. On September 12, 2021 at 7:09 am,
    Excelsior says:

    Ira Epstein’s Metals #Video (9/10/2021)

    Technical Analysis, Gold, Silver, Copper, Platinum

    https://youtu.be/h8pVGlSwRng

  19. On September 12, 2021 at 10:40 am,
    Excelsior says:

    Four Supersized Exploration Programs

    Canadian Mining Journal – September 10, 2021

    (AMX) Amex Exploration – 2021 Drilling: 180,000 meters

    (GBR) Great Bear Resources – 2021 Drilling: 175,000 meters

    (NFG) New Found Gold – 2021 Drilling: 200,000 meters

    (WM) Wallbridge Mining – 2021 Drilling: 170,000 meters

    https://www.canadianminingjournal.com/featured-article/four-supersized-exploration-programs/

    • On September 12, 2021 at 10:43 am,
      Excelsior says:

      Personally I’m positioned in 3 of those directly (Amex, Great Bear, and Wallbridge), and one indirectly (New Found Gold via Novo Resources large strategic holding of NFG shares).

      Looking forward to following along with these large drill programs to see how things progress.

  20. On September 12, 2021 at 3:54 pm,
    Excelsior says:

    While this is from a few weeks ago, prior to the Jackson Hole event with the central banksters, there were still some really solid points that Danielle made about the economy and Fed policy.

    The end Q&A rapid fire segment was particularly good with many insights shared.

    ________________________________________________________________________________

    Danielle DiMartino Booth: Fed Policy Mistake? Market Risk Rising

    Hedgeye – Sept 2, 2021

    Join Hedgeye CEO Keith McCullough and Danielle DiMartino Booth, former Fed advisor and Chief Strategist at Quill Intelligence, for this special investing discussion on HedgeyeTV.

    They’ll discuss portfolio positioning, broader market dynamics, and actionable investment ideas based on what the Fed has to say at Jackson Hole.

    https://youtu.be/PXfh8MIqT48

    • On September 12, 2021 at 4:00 pm,
      Excelsior says:

      Danielle also nails it on why Inflation will not just be “transitory”, why housing prices keep rising, and why the “double-barreled” approach of having huge fiscal government spending in tandem with monetary policy from the Fed is going to have massive medium to longer term effects on the economy.

      Definitely worth the watch or listen.

      • On September 12, 2021 at 4:13 pm,
        Excelsior says:

        Right after the 16 minute mark they point out why we are setting up for a Stagflationary scenario similar to the 1970s, a point we’ve brought up a number of times on this blog in the past. Bingo.

        • On September 12, 2021 at 6:13 pm,
          Terry Huebert says:

          Oz Minerals(OZL:AX), copper focused company up 4% Monday AM Sydney.

          • On September 12, 2021 at 9:34 pm,
            Excelsior says:

            Copper, Aluminum Prices Up As Inflation Runs Hot

            Minging.com Staff Writer | September 10, 2021

            “A broad rally in base metals markets is gathering pace, with tight supply, logistical logjams and booming demand creating an inflationary storm that’s driving prices to multiyear highs.”

            “The surge in commodities, as well as soaring shipping and power costs, is fueling global consumer prices. China’s factory-gate inflation accelerated to a 13-year high, while US consumer prices are forecast to rise by more than 5% for a third straight month.”

            https://www.mining.com/copper-price-up-as-inflation-runs-hot/

  21. On September 12, 2021 at 8:48 pm,
    BDC says:

    If crypto were to be replaced by CBDC this November what part would Gold play?

    • On September 12, 2021 at 9:37 pm,
      Excelsior says:

      Some have proposed it may be a gold-backed crypto, so in that sense, a backstop of intrinsic value.

      • On September 12, 2021 at 9:41 pm,
        Excelsior says:

        China has been buying up Gold like crazy the last decade or so, and it would not surprise me if they were out to the market first with a central bank digital currency backed by gold.

        • On September 13, 2021 at 2:06 am,
          Dick Tracy says:

          Hi Ex, It’s fine to say you have a digital currency backed by Gold, but how do you audit The Chinese government to make sure the gold is there. Charles De Gaulle couldn’t get America to hand it over when he demanded payment in gold instead of the dollar. The US doesn’t allow their gold to be audited it’s all a big farce, all governments will just keep keystroking worthless money, 0’s and 1’s, and laughing at how easy it is to lead the stupid masses. Humans are a crazy species that will disappear in the cycle of evolution.

          • On September 13, 2021 at 3:33 am,
            Excelsior says:

            Good questions DT, and I agree it may all be a big farce, but that won’t stop them from launching some central bank digital currency that is supposedly backed by their gold holdings. To your point, the Chinese government will likely be about as transparent in their gold holdings as the US is with auditing the gold in Fort Knox, (not very transparent at all). Yes, humans are a crazy species for sure.

    • On September 12, 2021 at 9:39 pm,
      Terry Huebert says:

      All miners up 5+% in HK

  22. On September 13, 2021 at 3:45 am,
    Excelsior says:

    Gold Stocks: Bullish But No Breakouts Yet

    Sep 10, 2021 – Morris Hubbartt – Super Force Precious Metals #TechnicalAnalysis #Video

    http://www.321gold.com/editorials/sfs/hubbartt091021.html

  23. On September 13, 2021 at 3:55 am,
    Excelsior says:

    (AR) (ARNGF) Argonaut Gold Continues to Discover High Grade Gold Mineralization Below the El Crestón Pit at its La Colorada Mine including 4.6 Metres at 51.9 g/t Gold and 28.5 g/t Silver and 4.6 Metres at 17.4 g/t Gold and 29.0 g/t Silver

    13 Sep 2021

    https://ceo.ca/@newswire/argonaut-gold-continues-to-discover-high-grade-gold

  24. On September 13, 2021 at 4:35 am,
    BDC says:

    Price Quality Weekly Wrap-Up : https://tinyurl.com/2vc9pznu
    Friday’s PM turn could hold. GDX March/August lows must hold.

    • On September 13, 2021 at 5:23 am,
      BDC says:

      Dollar: https://saturationtiming.blogspot.com/2021/09/dollar-this-week.html
      This will be updated through the week. (Gaps and hidden gaps: lime lines.)

      • On September 13, 2021 at 5:50 am,
        larry says:

        BDC…question?…what do you mean by saturation and what does it time?…..Like oversold or something…What on those charts or spread sheets defines that?…If you answer I appreciate it…glta

        • On September 13, 2021 at 6:17 am,
          BDC says:

          Thanks for the inquiry. Saturation is based upon 7 factors, each of which may ‘max out’. When 4 or more do so Qualified Saturation takes place. Every significant turn is saturated; however, a Saturation Trend may also ensue, as in June. For an uptrend this may be due to funds being added in a sector, and the opposite for the downside.

          • On September 13, 2021 at 6:49 am,
            larry says:

            hard for me to understand saturation when the word is used to describe its definition…..BDC…what is the expectancy of this method when you use it for trades?

          • On September 13, 2021 at 7:00 am,
            BDC says:

            It shows potential edges: turning points. That’s where buying and selling is best done.

  25. On September 13, 2021 at 6:37 am,
    David says:

    Same computer program …again.

  26. On September 13, 2021 at 6:50 am,
    Glenfidish says:

    Keep a close eye on the hui daily/weekly and monthly close. It’s tell tail time and there’s a good possibility one way or another we are going to see a move unfold. I sense we close

    • On September 13, 2021 at 7:26 am,
      jonsyl says:

      Question is, close to what. So far today as for weeks and months, much ado about nothing. Best to watch paint dry, although spx looks very toppy once again.
      Let gold show its hand at least with a close above 1830 or so, so far 1800 seems insurmountable

  27. On September 13, 2021 at 8:29 am,
    Matthew says:
  28. On September 13, 2021 at 8:41 am,
    David says:

    After 3 days of phone calls I finally picked up some NBTRF, Nobel Resources. Seems Schwab had them as no sale due to a SEC restriction. I got ahold of Schwab International people, who researched the issue and acquired some shares. Nobel Research is relatively new in Peru but the people involved are experienced Peru people. Emerita people are involved as well as some other investors including Doc Jones which makes the shares relatively tight. It is a copper play located among other big copper mines in this portion of Peru. It is closer to the ocean than many of the mountain type traditional mines and away from developed areas where environmental issues may be at play. David Gower, CEO of Emerita, thinks it has potential and he used to work in Peru among many other places in the World. Still an early play but has the interest of experienced people. Might be worth an interview with Nobel people or a question to Doc or David Gower when they are next on the show.

    • On September 13, 2021 at 8:54 am,
      David says:

      Added to Big Ridge also today. My chart shows it is at the bottom of the Bollinger bands. This is the stock in the Labrador area that Mike Gentile has indicated this is a stock he owns and likes. One million ounce resource already known. Gentile bought 19.9% of company. Stil early with a large land package and a lot to drill.

  29. On September 13, 2021 at 11:41 am,
    Matthew says:

    This video could save your life regardless of your vax status:
    https://www.bitchute.com/video/Pz0SBTvKrDrV/

    • On September 13, 2021 at 5:37 pm,
      Glenfidish says:

      Thanks for the video!

      We need to keep spreading the word…

  30. On September 13, 2021 at 12:17 pm,
    alex says:

    i had treatment with remdesivir. 4 days. saved my life. i do not make videos and tell the truth.

    • On September 13, 2021 at 12:40 pm,
      Matthew says:

      I’d bet that you survived despite Remdesivir, not because of it. I have my own story with it which is consistent with the video above.

  31. On September 13, 2021 at 12:58 pm,
    alex says:

    i can not tell what would happened , but it stopped spreading. i had private treatment at home in europe.

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