Weak US Economy?
Hour 1:
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Hour 2:
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Hour 1:
- Segment 1: Craig Hemke from TFMetalsReport.com joins us to discuss his outlook for gold.
- Segment 2: We provide a summary of the market performance this past week along with some opinions from Dr. Richard Postma, AKA Doc, and Gary Savage of Smart Money Tracker.com.
- Segment 3: Peter Boockvar, Chief Market Analyst for The Lindsey Group, discusses how the recent economic data is showing how weak the US economy is.
- Segment 4: Natcore Technology President and CEO Chuck Provini outline the future revenue streams for the company. For the complimentary tickets to the New Orleans show you can either email Chuck and his team directly at crprovini@natcoresolar.com or call their office at (585) 286-9180 or 877-700-6282.
- Segment 5: Dan Oliver, Founder and President of Myrmikan Capital, chats about how the international markets are so closely connected to the US markets.
- Segment 6: We chat with Dan Kurz of dkanalytics.com about immigration in the US and Europe and how it could impact the markets.
- Segment 7-8: Round Table with Glen Downs, Former Chief of Staff for Congressman Walter Jones, and Chris Temple of the National Investor chat about Trump’s proposed tax plan.
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Treasury bid/ask quotes. Bid yields are all negative through February:
http://online.wsj.com/mdc/public/page/2_3020-treasury.html#treasuryB
Yahoo is justified at displaying negative yields:
Thanks for the info and charts on treasury yields FranSix.
What do you all think about our new charts?
Glad you have added the charts, but I generally pull mine from a couple places (Kitco, Yahoo finance, Scottrade, and Stockcharts).
Here’s a 200 day Composite Chart on the Gold Major Producers & Gold Streamers. (You can right click on the “200 day” button to select different time horizons).
Companies featured: Goldcorp, Barrick Gold, Agnico Eagle, Randgold, Newmont, Kinross, Yamana, Royal Gold, Franco-Nevada, and Sandstorm Gold.
http://stockcharts.com/freecharts/perf.php?GG,ABX,AEM,GOLD,NEM,KGC,AUY,RGLD,FNV,SAND#
Here’s a 200 day Composite Chart on the Gold Small and Mid-Tier Producers:
Companies featured: Argonaut Gold, McEwen Mining, B2Gold, Rubicon Minerals, Semafo, New Gold, Harmony Gold mining, Sibanye Gold, OceanaGold, and Eldorado Gold.
http://stockcharts.com/freecharts/perf.php?ARNGF,MUX,BTG,RBY,SEMFF,NGD,HMY,SBGL,OCANF,EGO#
Another 10 company composite chart – Small Gold producers & Gold explorers:
Companies featured: Centerra Gold, Oceanagold, Dundee Precious Metals, Aurico Gold, Alacer Gold, Centamin Egypt, Guyana Goldfields, Asanko gold, NovaGold, Klondex, and Kirkland Lake. (all Canadian tickers on this one due to limits of Stockcharts).
This 10 company composite chart is of some of the speculative Gold Jr Mining small producers, near producers and explorers (potential takeover targets – Romarco is in the process of a takeover since last update BTW).
Companies featured: Lydian Int’l, GoGold Resources, Golden Queen, Balmoral Resources, Torex Gold, Romarco Minerals, Garibaldi Resources, Exeter Resource, Rye Patch Gold, and Luna Gold.
Here’s a 200 day composite chart of the Precious Metals ETFs contrasted in a 200 day Composite Chart.
Featured PM ETFs: GDX, GDXJ, SGDM, SGDJ, SIL, SILJ, TGLDX, HUI, XAU, and GLDX.
http://stockcharts.com/freecharts/perf.php?GDX,GDXJ,SGDM,SGDJ,SIL,SILJ,TGLDX,$HUI,$XAU,GLDX#
Thanks for the link, Professor.
Hope everyone is having a good week-end.
A bit of data crunching, and a bit of perspective on the jobs number.
Must read, IMHO:
http://www.financialsense.com/nonfarm-payroll-miss-recession-ahead
Best to all and GL investing/trading.
LPG
Russian Frank makes stellar call on gold.
Thank you BOBBY…………….Hope everything is going well with you……………JERRY
just wondering how you made the great call :gold will go up on Friday” I like to reward guys for good calls and make accountable the guys that blow it.
Hello Bobby, ….Beginners luck….But, I have noticed that most Fridays gold prices are higher, if the metal get beaten up during the week….the middle of the week the big players can push around the price, but, over the week end they can do nothing. So, THE BOYZ, are taking a risk of losing over a week end , if something major happens beyond their control. Now, that the cat is out of the bag….Weds will be the big day.
CAT GUT FEELINGS……………THE CLAW
im not a trader, but thanks i will look to unload a bit on Wednesday. BTW from what i see on premiums those Morgans are really the cream of the crop.
Bobby, I was kind of joking about Wed…..Watch and see the direction,..a couple of days down , will see if this is a turn around or just a slow downward trend as some have said…..If, we get hit MONDAY..thru THUR…..Friday will be up again… I THINK
Bobby……the Morgans seem to be holding up….especially the graded ones. I think the morgans are a good hold , long term, and so far so good.
BOBBY………..TUES……metals are looking good..at this point, but, might retest lower, but, I do not think so, I think Aug was the low for the year. Watch WED and see, the shorts are getting taken to the woodshed today(tues)
Also, I find it difficult to navigate the players anymore, so many have changed their handles its hard to tell who is who.
We pretty much know.
Al, …..you should thank the guys , who introduced you to TURD…………
TURD……..has some great comments on the phyz………shortages .
Agreed on the value of Turd’s commentary.
I believe that I have. He is one interesting man.
Peter is spot on……….The FED. is not going to raise rates……..look out BEARS…..
At least not for a while.
AL……..thanks for the new chart screen….looks good…….J THE LONG
Glad it works for you.
Segment 2:
I disagree w. Gary w. the fact that Technical Analysis (T.A) “looks at trends in the past and projects them in the future”.
If this was what T.A was about, then it would always just a one-way street all the time (for ex: what has been going up will continue to go up as the trend continues, what has been going down will continue to go down as the trend continues). So with this, we wouldn’t go very far (ie our brokerage account would go bust rather quickly).
To me, T.A is the analysis of price action (price action being defined as the combination of price AND volume).
Under this framework/definitiion, T.A can indicate not only trend continuations, but much more importantly change in trends/price reversals.
To this extent, price action NOW reflects the anticipation of markets participants about the FUTURE. Therefore, T.A is not a toolkit which solely looks at the review mirror BUT is also a relatively reliable indicator of market participants positioning for the future.
On a separate matter, but still related to markets, I also tend to disagree with Al – and I have told this to him in private conversation in the past – re: what he calls “fundamentals” and how he judges market action in relation to the newsflow – what he then characterizes as “fundamentals”. Let me take an example to illustrate:
Yesterday (Friday) the jobs report was somewhat poor and definitely below expectations. Given the report was below expectations, according to Al’s “fundamentals”, the market should have gone down.
–> Here, I disagree. It depends of what the market participants are discounting for the future given that poor set of results.
FWIW, I had communicated to Richard/Doc in a private conversation on Thursday evening (after the close)the following: I expect the job report to come below expectations, and because of that, I expect BOTH gold and the conventional markets to move higher.
My line of thinking was not that a “poor job report” would translate into a poor conventional market performance but rather that a poor job report would equate to expectation (misplaced or not, time will tell) of more stimulus to come.
So if more stimulus to come (either in the form of cheaper cost of capital, or more liquidity injection, or money handed over “directly” to households), then, when equities are priced, there is a chance that they will tend to go up rather than down.
So to conclude with this job report that I used as an example:
to look at a poor job report on Friday and say “fundamentals” (poor) are not aligned w. market performance (which was good on that day) is NOT the right way to look at things. –> Doing so is having a rearview mirror perspective.
The market is a DISCOUNT MECHANISM. The market DISCOUNTS THE FUTURE. THESE are the fundamentals, the one that every investor should have in mind.
The “fundamentals of now” (latest job report, latest GDP, latest CPI number, latest this, latest that) are already OLD NEWS and priced in. –> They mean nothing for big money. Nothing. N-O-T-H-I-N-G.
To be successful at investing, one has to (among other things) successfully anticipate the market moves and understand what the market views as characteristics of the future. THESE are the fundamentals.
The rest is blah blah blahhhhh / news re-ashing (boring) / waste of time / nuclear time bomb for your own portfolio. It typically leads to the belief that markets are manipulated and that “fundamentals are not working any longer”.
But it’s not that fundamentals are not working any longer: it is that MAYBE one doesn’t see/analyses the market the way he/she should. But as we know, it’s always easier to blame the market/call for manipulation rather than blame oneself for one’s own mistakes and intellectual flaws.
I’ve started this comment discussing T.A and I continued w. commenting the topic of fundamentals. So I’ll wrap these 2 together as a longish conclusion.
To give some perspective on my own little perspective, I’ve been involved for more than 10 yrs in financial markets in an analyst capacity (read: fundamentals-driven analyst).
During those years, I have had the opportunity to advise big money – read: the big big names in the business – and also to run institutional money. So looking at fundamentals is what I’ve done for more than 10 yrs for others, day in, day out.
For a few years now, on my own, when running my own money, I have added a layer of T.A to every capital allocation to an investment that I perform.
And I have to say that using T.A has been the MOST helpful thing to me when managing money.
I find it intellectually funny that Technical Analysts typically despise fundamental analysis: I’ve thought a lot about it, and I think it’s because they understand it takes less time to look at a chart than to build a model on a company and try to understand all the variables affecting now and that will affect the business in the future. I understand the T.Analyst on that.
It’s also equally funny that fundamental analysts typically despise T.A/charts.
I think it is because they don’t want to admit that looking at a chart for a few minutes can tell/reveal much more about where a price is going for the next few days/weeks compared to dozens and dozens and dozens of hours spent doing research, making a model on excel etc… I think for them, admitting T.A “works” would be admitting they have wasted so much of their time for so many years – and that maybe, ultimately, their job is not relevant :-).
What I find more interesting is that most successful investors in the business in the business have the same approach to investing: they start w. a fundamental idea for an investment (a long or a short), they try to find out sentiment indicators, and they use Technical Analysis to put their positions and junctures they believe are turning point. Said it otherwise, successful investors use BOTH Technical AND Fundamental analysis. But it requires a lot of effort, a lot of time and an open-mind.
Because most investors are not equipped, altogether w, 1) an open-mind (they think they are, but most of them are not: they are just sheep/trend followers/paradigm repeaters) and 2) the willingness to make the additional effort and 3) devote the extra time, they lag behind – all the time.
That’s why 90% of profits in financial markets (I think that’s the statistic… but I could be off a few percentage points). And I don’t think that what makes the difference is the 2) (making the extra effort) or the 3) (devoting extra time). I think both 2) and 3) comes from the 1) (the open-mindedness). The mindset determines the rest. The mindset. That’s why contrarian investing, despite being a lonely road, is the key to financial success.
Best to all, and GL investing/trading.
LPG
LPG; great synopsis in my view. I use both fundamental and technical analysis when I take a position in a company long term. I use just TA when I take a position for short term and medium term—-in other words, to make some short term coin— I’m using TA to look forward and not backward. Otherwise, why would anyone invest if TA isn’t a forward looking instrument. Also, TA doesn’t lie to you like CEOs and CFOs so I believe it is a purer form of analyzing price movement going forward.
Agreed Doc. LPG great post as per usual on the real value of Technical analysis.
You points about why so many “Fundamental Analysts” despise T.A. was spot on.
Well said my good man. Cheers!
Hope all’s well w. you Shad.
Best as always,
LPG
LPG……I agree with your last sentence…….CCF, contrarian’s contrarian frank
That was an excellent post LPG. I agree 100% on the open minded part. Truth is that most people I have known box themselves in with predefined investing ideas that are often based on faulty assumptions. They overestimate their capabilities, don’t do their homework, take a lot of unnecessary risk while praying for that *big* payoff and then they don’t do any follow up or self examination after the fact. As a result, many have had very short careers as individual investors and some have sworn off it so completely they won’t put a dime in anymore, preferring instead the reliable gains of rents and land acquisition (as if that is always guaranteed). Your other comments from some months past mesh with this conversation well. You need a plan if you are going to make in this game. You need to know your limitations and have an exit strategy that allows you to continue in the unfortunate event you do make costly mistakes. The people who seem to do best and last longest control their impulses and set goals ahead of time. They don’t bother timing tops and bottoms and getting stuck as a bag holder when the inevitable reversal happens. I mean, they just trade with a goal that is not necessarily a dollar figure. They limit risk, get out early once they have hit a target and rinse and repeat the next day. And they don’t bet the house as a rule although we do know some pretty successful people have gone to great heights by being laser focused on a single high risk trade. That is a lottery gamble though and we do know that most don’t get out alive. Anyway…..thanks for writing that interesting post.
Amen, A Listener.
Hope all’s well w. you.
Best to you,
LPG
I also really liked your comments about anticipating the market, LPG. Very few seem to do that well as they get hung up on what price should do based on X, Y or Z. There is a tremendous amount of intuition involved in getting it right and the statistics prove conclusively that the majority are caught left-footed or chasing prices after the fact. They buy the highs, sell the lows, regret every decision and then freeze like deer in the headlights as fear percolates their trading attempts after suffering losses. The fallback position is always the same…”I will hold till it goes back up!” I never understood why it was so hard to just take the loss and move on. Meanwhile, the gloom sites out there (you know the ones) are notorious for diverting the common sense of their audience based on some panic idea du jour and thus causing losses for those people who follow them seriously. Its why I kicked them off my computer. Nuts man! You will go broke listening to most. While they are very interesting and very emotionally entertaining, most of what they talk about cannot be timed or traded upon. Especially by less experienced investors.
Anyway, cheers to you too. Best of luck with the trades.
A Listener,
I realize I often write long posts, and they are probably a pain to read for Kereport readers/members 🙂
So from now on, I will try to make those long posts easier to handle for the reader: I will put a “bkdown” of the post upfront – so that the post itself will be easier to follow.
So on the post below, I will opine on:
I> my personal methodology for investing/trading (FWIW) – w. a few words on technical analysis.
II> take this week as a practical, illustrative example of how I apply this methodology
********
I > MY PERSONAL METHODOLOGY FOR INVESTING/TRADING (a.k.a: PROCESS)
A Listener, you made an interesting comment about the gloom sites.
Personally, FWIW, I hardly read those anymore. The same goes for comments on financial news medias: not anymore. Truly.
I don’t watch CNBC nor Bloomberg TV. I hardly ever ever read articles on their websites anymore – I used to though: day in, day out.
Now, I don’t waste my time.
As a matter of fact, the first thing I used to do when getting into work was to type “TOP” on a Bloomberg terminal to get the main headlines of the day. In retrospect, I smile at this.
So, what I do though, day in, day out, are the 3 following things:
1) I try to understand how asset classes (inter)relationship work – and evolve. Plenty of articles and, more importantly, good books out there. This take hours. H-O-U-R-S.
2) I try to find writings of “smart” money managers and read them. I try to understand their perspective, and see if I agree or not. The more I disagree, the better because intellectual disagreement creates intellectual challenges, which, typically, increases knowledge and, in investing terms, help to reduce investing mistakes. This, also, take hours.
3) I look at data. Data, data, data. D-A-T-A.
That’s one of the reasons why I go to Zerohedge everyday: not for the comments on the articles they put out, but rather for the collection of articles that they have, plenty of them being research reports summaries, which present data (charts etc…). This website is a little data gold mine (pun not intended). I love it. If there’s an article I find valuable, I save it for future reference.
=> After doing 1,2,3, I typically have opinions on certain topics/themes/instruments. Not always, but quite often. And if I don’t have a view on something, I don’t mind. I have no issue in not having a view/opinion on something, and saying that I don’t.
=> THENNNNN I look at charts on those topics/themes/instruments. If charts align w. my views, this gives me increased comfort in putting a trade or deploying capital for investment. It’s literally as simple as that.
Now, I will add something on Technical Analysis (T.A), and how I use it, because I think T.A is a) mostly misunderstood, and b) mostly misused.
I use T.A to try to identify turning points on the charts. I want to identify turning points on charts because these are where I have the least amount of risk against me.
Said otherwise, at turning points, I have the best risk/rewards in my favor (assuming I don’t get something 100% wrong, in the case of which I have the worst risk/reward against me).
So what does that mean ? Well, think about crossing a 4,5,6 lanes highway by feet.
There are only 2 instances where you have a very high chance of crossing that road and not being hurt/hit by a vehicle (ie: there are only 2 cases in which it is pretty much 100% safe to cross):
Case 1) when the road is desert (ie when there are no vehicles in sight)
Case 2) when there is a huge traffic jam and therefore vehicles are everywhere YET not moving at all.
-> in between those 2 events, there will be traffic. So vehicles going at different speeds, and you having different lanes to cross –> good luck (coz you will need luck 🙂 )
Bottom line: in that case, you might cross and get away with it, but it is super dangerous. Chances of you become a road kill have gone up. So better wait for the case 1) or 2).
In investing/trading, for me, risk management is key as it is a survival game.
So I tend to invest/trade when I see the equivalent of the desert road (case 1) or the traffic jam (case 2).
If I see traffic (on a chart, it is the equivalent of being in the midst of a trend developing), I am scared to cross because I am not sure whether I will make it to the other side alive or not. So typically, I don’t cross but wait for the next opportunity to cross safely.
By deploying capital or trading at what I believe are turning points, I find it much more comfortable to invest/trade, and the success rate is much much higher than deploying capita/trading in the midst of a trend.
So let’s take this week as a practical example.
II > THIS WEEK AS A PRACTICAL EXAMPLE OF THE METHODOLOGY/PROCESS
As mentioned in previous post, part of my capital is dedicated to pure trading (intraday). And I tend to trade levered ETFs, w. a preference for the PMs ones, and the markets/volatility ones when volatility rises.
On Tuesday, Wed., Thursday, this week, I had A LOT of difficulty reading the charts. Thankfully, I’ve come to realize that when it is difficult for me to read some charts, it is because they are TYPICALLY (not always) displaying/forming a change of trend PROCESS (please understand the trend here as multidays/several weeks: not multi-months or multi-quarters). So I told myself, something will move soon. So I asked myself what could be the trigger for the move.
-> so I started to check for which events had to be expected in the following days on the eco front. That’s the easiest thing to do.
-> I realized Sept. job data was supposed to come out on Friday.
-> so I told myself that markets I look at (conventional markets + PMs) are likely to take a stance on the back of it, one way or another. So the question was: which stance? (ie: I approached the topic w. an open mind, not a preconceived idea).
-> looking for some data, I gathered some data points:
a) Mexican exports to the USA in August were very weak (ie. not a sign of great business activity in the US)
b) an economic indicator out was earlier in the week in the US, and it wasn’t great.
c) the Atlanta Fed had just halved its Q3 15 GDP expectations to 0.9% (again, not a sign of great business activity in the US)
d) there was a layer of weak global eco data (esp. China manufacturing)
=> Based on a,b,c,d, I told myself: “ok, eco activity was likely weak over September” so job creation should not be stellar for Sept (ie: it should be BELOW the recent average).
=> then I tried to find the MARKET EXPECTATIONS for Sept. They were around 200k. i.e it was still relatively close to the job # of the past few months, in average.
When I discovered this 200k job creations expectations, I was a bit baffled. In my book, there was NO WAY (I repeat: NO WAY) there would be 200k job creations in Sept. So I concluded that the number to come out would likely be a serious miss to market expectations. In this regard, when Cory mentioned on Thursday during an interview that he expected job figures to come “around” expectations, I remember saying out loud: “NOOO WAAYYYYYY” 🙂 🙂 🙂 (Cory, if you read this post, sorry for this buddy. 🙂 I almost sent you an email about that, and then I thought I’ll leave the figure come out on Friday to show who’s right 🙂 )
-> so I concluded that if that was the case, gold would go up, and conv. mkets would likely have a move up TOO. I shared this view to Richard/Doc in a private exchange after the mket close on Thursday.
-> I looked at the GDXJ chart on Thursday evening, and for me, it looked like it wanted to bottom. It wasn’t a clear cut, but it was a …say… 80/20 case for me that it wanted to move up. I didn’t check the SPY chart as my focus for Friday was to be on the PMs.
-> pre-mket, I saw gold down to 1105, and I thought this was GOOD sign as this would make it pop seriously in case my scenario of disappointing jobs # was unfolding.
-> I knew that there would be 2 ways to TRADE the news assuming I was proven right:
go long the pop post news if my risk/reward is still good (but pops can be violent, so buying into the pop can reduce the risk/reward seriously, and beside, there is often a FIRST fake move on gold in the first 1-2mn post data release) OR short the pop once it has developed.
As often, I decided I would trade the JNUG/JDST pair. As I kinda missed the pop on JNUG (too much thinking when I was about to put the trade as I didn’t like my risk reward), I decided on shorting the pop. So I shorted the instrument – twice (I was discussing privately w. Richard/Doc, so he can relate to me saying I shorted the pops, at which levels, why these levels etc..).
On top of that, I let my gold stocks in the investment portfolio continue their run. I had sold a good chunk of my PVG on Thursday as they had touched what I had considered was a trimming zone ($6.20ish) but I told myself that given gold pop pre-mket, the stock were likely to run again, and potentially further than $6.20. I was able to buy back a good chunk before the open on Friday below my selling price of Thursday. Idea was to sell this new purchase before end of day on Friday’s, on a likely pop given gold’s move. Which I did. I did this “trade” on PVG only because the stock was up only about 1.5% pre-mket and I thought that given gold’s move, the stock would move much more intraday. I told Richard I picked up some, w. a view to sell them in $6.20-6.30 on the same day, which I did. FWIW, I still remain long the name in my investment portfolio.
Just to finish on the topic where I started: newswires.
At the time when the job # where suppose to come out, I saw gold pop, and I told myself the # were likely poor, as per my expectations.
But what puzzled me was that the SPY was taking a hit. This, part, I didn’t understand.
So a few min later, I went to CNBC.com to just look at the job figure. I just wanted to know the figure, and how close/far it was from expectations.
I realized the figure was poor/quite below expectations and still couldn’t figure out why SPY was down c.1.5%.
I commented to Richard about this privately, and he highlighted what he had noticed on the VIX, which is that the VIX wasn’t moving up massively (Richard discussed this on the market wrap on Kereport).
So I told myself that we’ll see how the day would unfold. Low and behold…. the SPY made its way up to green, and when I saw it pushing DECISIVELY above 0%, I KNEW it would end in serious positive territory. When I saw it close to the green mark, I “bombarded” Big Al with a few private messages on the matter. He’s a witness ! 🙂
There rest is history.
Now, getting ready for next week.
*********
So to sum it up:
1) it’s a lot of work
2) it’s a marathon, not a sprint
3) financial medias are a lot of useless noise
4) keeping an open-mind is critical (PS: T.A rocks when one knows how to use it. Whoever says the opposite just doesn’t know how to use it. Nothing wrong with it, but one should then just openly admit it. But to get the help from charts, one needs hundreds of hours of works too. Hundreds.
5) hope the pre-announced structure of the post made it easier to follow, despite its length.
6) apologies if there are typos.
Best to all and GL investing/trading.
LPG
+1 LPG
I also like the “real time” use of technicals to find turns and therefore lower risk opportunities. There are many valid approaches but I prefer to keep it simple.
The last time I watched CNBC, etc with any regularity at all was at least 15 years ago. It does have value though. When Cramer and Roubini turned bullish gold in mid 2011 everyone should have known it was over.
This was a very good discussion LPG and A Listener. Too many great points were brought up to respond to, but there is a wealth of valuable opinions and knowledge that would save new investors a great deal of time, pain, and frustration if they’d print this off and reread it a few times.
Well said.
Let’s chat for sure this coming week, LPG
Noted Big Al.
Hope you’re having a pleasant week-end.
Best as always,
LPG
LPG,
Great post, and accurate.
LP G, I agree with Doc100% and I thank you for the well thought out great comment.
Friday’s market action is a disgrace. It clearly defines the death of free and efficient financial markets. Game over.
https://www.dropbox.com/s/hetvg1occf51w4e/CQVms78WsAAIaO8.mp4?dl=0
Free market………that is a good one Gabriel
Well, free market died decades ago and now it is time of death for freer market. Saw the movie total recall again a few days and it looks like a reality show.
I will watch it with Kath tonight. Thanks for mentioning that Dragonite!
Gabriel,
If you need a hug, I’m happy to give you one.
LPG
No thanks. I don’t play in this team …
You think Gacriel!
SEG 6……USA….is THE ROMAN EMPIRE…..coin clippers and invasion within the boarders.
Moral decay….what is mine, is mine, and what is yours is mine, and income separation of the wealthy.
Roman senators went to battle, ….I suggest a requirement for the senate , that one must fight in any ongoing war. That would certainly halt military expansion.
Great comment, Indy!
The New Monetary System (The Big Reset)
Good listening for the week-end.
https://www.youtube.com/watch?v=1lTLMOgDAGc&feature=youtu.be
Willem Middelkoop’s keynote at reinvent.money on the 26th of September in Rotterdam, The Netherlands. Willem talks about the geopolitical power balance shifting to Russia and China. He also explains the Big Reset and the East’s hunger for gold.
I wonder if this guy took it from Rickards and put it in his own words.
Actually, its pretty darn close to Rickards words.
Nothing wrong with informing people of course.
Since money is created out of thin air and the Fed props up their subservient banks and central banks and said institutions prop up or destroy markets at will T.A. is a losers game.The PTB do whatever they want to do and investors that says T.A. represents reality are not being honest.There are no free markets.It is destructions and interventions and T.A. leaves you holding your head in your hands and nuts in a vise.
thin air , and getting thinner………………………the air is now clogged with paper…
Matt, if I was a market manipulator (I am not by the way) I would use TA to shift the odds in my favour by punching out buys to reach key turning points and selling into it later or forcing reversals at important inflection points and making coin on the momentum carry through. If the market is rigged then I think its pretty safe to assume that the riggers substantially rely on technicals which are primarily mathematically based in order to shift the odds in their favour. It is because they would know that the whole market is keyed in to expectations of certain outcomes based on obvious patterns that this idea works so it would be a snap to string everyone along and then front-run the entire pack. What that mean is that technicals are probably more important than ever and far from being unreliable are instead an essential tool to understanding how the computer based trading of the big houses run these days.
Matt
Money has always been created out of thin air! Thats how the monitary system works. We couldnt have got anywhere without its design.
Whether the growth of the economy can absorbe the created capital is the question.
So far there is very low inflation rates and that is telling
Money has always been created out of thin air? I hope you are making jokes. Otherwise you are rewriting history before 1971. In a gold standard or silver standard, you need to have the gold in the vault before you can print. In most of the historic in the world, people mostly used silver as currency. No one can create silver out of thin air. A lot of people tried but no luck.
I hope Matt chimes in on this one……………..
Lawrence, I hope he joking about this too: “We couldnt have got anywhere without its design.”
The loan / leverage system with Bonds is what created citys and nations.
The past 100s years they got paid off. To bad theres corruption in the system.
Bankers are in play.
Loans are fine; deficit spending and money created out of thin air are not.
I should have said private sector loans are fine.
Sorry not here alot.
That is completely false.
I wont waist my breath on this.
Resposibe money management in line with the growth of the economy.
Not a corupt Fed reserve.
See Bill Still as he is correct.
We are almost completely electronic.
Bill Still is ridiculous, through and through.
Sorry once again Gold / Silver is not the answer to our finacial problems.
They run far far deeper.
Its just pure corruption to the core by poeple that have consolidated the wealth.
Heres some in sight. https://m.youtube.com/watch?v=BWma4mMhlPs
Corruption is always the problem and THAT’S what make gold so important.
If morality (and maximum prosperity) matters, then the most important price of all, the price of money (interest rate), must be determined by market forces not a few powerful men in banking/government.
I agree somewhat. You could tether paper with gold. They would sure find a way to screw that up too i have no doubt.
If one owns tangables that produce then the purchase power if the paper dosent matter. As for savers their screwed.
Once the fed was established in America all money was created from think air. The only money the US Treasury has is that which is made and loaned from the fed. US then need to ask for more money to pay for the interest of the fist loan. The cycle never ends.
Bill, if what you are trying to say is “all money is fiat” then I agree with you. Money has always been conjured up based on a monopoly of one sort or another. In Roman times the salt mines were carefully controlled and managed because salt was used to pay troops. It did not matter that salt was actually quite abundant and readily available from the thousands of miles of European coastline for those who understood how to harvest it. But the salt mines themselves were like gold and so the Roman monopoly on that form of money went on for generations. Gold and silver were no different. The coins struck were worth whatever the rulers said they were worth according to how the military men and bureaucracy were paid. And so precious metals derived a value that was by Fiat (by order or through the law). This popular modern idea that gold somehow has some perfect, intrinsic eternal value is just about the silliest thing that has ever hit the airwaves. nothing could be further from the truth. The only reason some of us speculate on it is because enough fools will work to send its price per ounce hither and yon in wild volatile swings making it a fantastic trade commodity. You can scalp them in both directions too. That’s why gold is so adorable and the gold bugs are now my new best friends. God love them.
Take that with a “grain of salt”……………
“Mankind can live without gold, but not without salt” – Cassiodorus, Roman Senator circa 500BC.
————————-
I will tell you a little secret Jerry. At one time salt was so valuable that it traded in equal weights to gold. And if you are curious, the one commodity that nobody ever thinks about but is worth more to people than almost anything else is none other than salt itself. Its what you need above all if we ever see a Mad Max world.
Gold won’t help you…..but salt would make you a trader of note.
How about replacing salt with silver? However, without gold ladies won’t be too happy, especially those Indian and Chinese ladies.😃
I agree with your comment on salt., being valuable at one time. THINK SEA SALT, I think there is plenty of sea salt which can be extracted from the ocean….jmho
Ever read “A history of Salt”?
Al, we might put a biblical connection with salt and the great flood…..what do you think.
Indeed.
Where there is a will and a way there will be a scam. The route problem in humanity is pure greed. You extinguish that and it will solve all your problems.
politions are actors and profesional liars. Fiat works with integrity but there never will be any. When the bottom falls out of any economy they will feed you bs and take desperate measures to keep their power. And there will be not truth of the actual actions.
Its actually pretty fking depressing. Pretty imposible to make change without a revolution witch will come some day.
Totally agree Bird / a listener
TOTTALY agree A Listener. !
HIGHWAY TAX MONEY…….is already collected at the pump………
“NEVER HELD PUBLIC OFFICE”…glen downs says……Referring to the top three canidates running for office..
. Think about it GLEN…the idea on FULL TIME POLITICIANS…was not the original THOUGHT of the FLOUNDING FATHERS.
GET RID of the full time politicians……and the budget will be balanced, and there will be plenty of money left over.
THREE QUARTERS of the budget goes to the MILITARY INDUSTRIAL COMPLEX……get out of the UN., and out of other people’s business.
SAME OLD BS……….this topic is a waste of time, when you bring the same mind set to the discussion table.
Agree with all of your comments.
Yes FFM – I’m done with the lifelong politicians as well. There should be term limits on each position, where someone comes in, does their jobs, tries to make a positive difference, and then gets out of the way for the next candidate. No more lobbying, or cowering for fear of not getting re-elected. Just do the thing as a public servant is supposed to.
TERM LIMITS……….I agree EXCEL
As FFM, hits the nail on the head…!
Thank you Chartster, for your kind words…………..FFM
Absolutely correct!
Good point, Indy!
thanks and appreciate the reply………………INDY
Even a broken clock is right twice a day so thet will say that T.A. was good.
I think that is fundamentals you are referring too.
For example: Oil prices will rise when the excess supply falls.
Or this one: Rising interest rates cause the dollar to go up.
Here is another: Fed money printing causes gold prices to increase.
The problem with all of those is you usually cannot trade on the idea over the short term. Sometimes not even over the medium term. Fundamental reasoning will assert that the dollar and gold must trade inverse one another as another example. But we know that is not a fact all the time.
Technicals do a great job of sorting out the confusion while you are waiting for the fundamentals to kick in.
I believe fundamentals don’t predict short term price. It most predicts long term trend. Am I wrong?
You are correct.
Interestingl viewpoint, Listener.
On my RISK board I have:
Russia-Syria-Iran-China and the US-Saudi-Quatar alliance …
We should not expect Washington, Riyadh, Jerusalem, and London to simply stay
quiet …
Look for a false flag attack blaming Iran.
Will Putin spill the beans to the American people about who was behind 9/11? How does that figure in his game of RISK ?
The other day I was beginning to talk about the same thing Gabriel although my perspective is different. I just started adding up the number of armed combatants flying missions (or intending on flying missions) over Syria and came to the conclusion the risk of mistakes is becoming astronomical.
So who is there?
Syria and the rebel air force (of course), possibly Israel but only on the Southern borders. Then we have Turkey, Russia, the US, the UK, France and potentially China, Saudi and Iran entering the fray. Defensive air forces are on the borders of Jordan, Lebanon and Iraq. Last I heard even ISIL had a few aircraft.
None of these missions are coordinated except those run by NATO members.
So I started to run the probabilities. Lets say a “0” is inactivity and a “1” is an active flight. There are as many as 10 to 13 nations involved or about to become involved. So plug that into a simple Hexadecimal chart and see what you get in the number of possible variables.
And that number is a best case scenario!
Thing is, Syria is a very small country where almost everyone involved is armed with surface to air and SAM systems that are capable of firing ranges to the extreme reaches of the country.
That means that there is ZERO safe air space for any countries flights if the SHTF.
Anyone else here will no doubt be able to better estimate of the probabilities of something going wrong and will come to the similar or worse conclusions. This is a set up for a very dangerous outcome and it seems to me its just a matter of time before two air forces collide or someone makes a mistake.
Lets say a prayer everyone keeps their distance from one another and keeps their fingers off the trigger buttons. I mean hell, there can’t be that many dangerous people on the ground that so much fire power is being aimed their way.
I think if isis had “sams” the Russian air force would not be able to operate in Latakia.
From the RT report isis is only 40kms away.
Putin and co have played this masterfully, they are fighting terrorists, the Americans wont prevent opposition to isis.
Putin publicly states he is working with Iraq,Syria, Iran and China.
He is not hiding anything.
The Russian airforce has been surgical precision, and swift.(putting american efforts to shame)
The americans can only complain forces they have backed are getting decimated along with isis.
More Iranian troops are on their way to Syria, Chechans have asked to send troops.
From RT “The head of the Chechen Republic has asked the Russian president to send Chechen units to fight Islamic State (IS, formerly ISIS/ISIL) in Syria, adding that his fighters have sworn to fight terrorists till the end.”
Iraq is rumoured to want to send troops.
Basically, isis is not well liked and should the americans do anything to hinder their destruction ya might as well be hollering it was the american government knocked down the towers.
There are reports of a very ominous Russian nuclear armed submarine sitting off the coast of Syria.
The americans, and vassels will do nothing, What can they do? If they do anything they are supporting isis.
On top of it, the Europians are seeing the result of american middle east policy.
They are also under threat of attacks from isis.
It is to their advantage to allow Russia to deal with isis.
Europe would not support interferance
Its bye bye isis in Syria, regional powers will not “butt heads” until the smoke starts to clear.
This wont cause the 3rd w.w., what it will do is shift the balance of influence and answers any question of who supplies oil and gas to europe.
Invest in Russian oil and gas companies maybe.
I agree Bb
But bb…….ISIS is a fiction!!!!!
? not sure what you mean Listener.
It is the Islamic State led by Bagdadi, (he talks to god) They have begun the creation of their own currency, gold and silver, from the Koran.
They intend to create a nation or calaphate, they have heir own slave markets,laws businesses etc.
I dont know what you mean by “fiction”.
It is a complete fabrication. None of it is truth. Not a real army. Not a real threat. Does not really exist except as pure Hollywood and theater. Guess it is the ultimate false flag. But if the people believe it then the threat will never end.
And here I am thinking I wear a tin foil hat. lol
Its real Listener, what you are describing is an idea.
But isis, led by Bagdadi is formed of real people.
Sure, created trained armed and financed by the U.S. Saudi and Qatar, but they exist now.
People from around the world are flocking to them.
For religous reasons or political, some just for excitment.
But should these guys be successful, the mesopotamian map will be redrawn.
They might have started as an american tool, but they believe they are their own, and they might soon be ON their own.
The IDEA tho, may not die with them.
+1 A listener re: the fiction.
I amazes me how many people still don’t get that.
LPG
LPG, so who is ISIS then, is it American mercenaries?
Are the photos of convoys of troops waving the IS flag hollywood?
The women captured and sold as slaves isnt happening?
Boko Harem has not bombed malls and slaughtered villages?
I dont understand this..ISIS is not real.
Can you explain this “fiction”?
I grant they are not much of a threat if any to North America but those refugees are real and running from something, is it just the Americans they run from?
You guys got me confused on this one.
bb,
Let me explain my thought – and potentially remove some confusion.
A few years ago, we were fed Al Qaeda everyday. Day in, day out.
Then came ISIS.
Soon, when “they” will have used the ISIS red flag enough… they will find another acronym… and will wave it to us.
And people will still freak out. Again and again.
Always have a red flag to wave… let people live in fear. That’s the objective.
Always have at hands a few guys chopping heads somewhere on earth… have them shown on TV: this enables/justifies any military intervention, anywhere.
Which congressman (in any country) would dare to vote against a military intervention against those so-called “monsters” ??? That’s the deal/goal.
The day those behind ISIS pull the plug, ISIS will likely be done & gone within a few weeks. That’s why I consider it a fiction. It’s something created to entertain (scare) us. Maybe this clarifies what I meant.
It amazes me how, on Kereport, some of us typically laugh at “others”, the sheep out there who (basically, I summarize) can’t see that they live in a world of fiat money and that only hard assets are the real deal…
YET…
when it comes to foreign policy and red flag/false flags the same among us get “fooled” all the time so easily. And they get scared all the time.
That’s beyond my understanding.
My 2cts.
LPG
+1 LPG
That’s why history will repeat forever. The sheeple will fall for anything.
Yeup.
A LISTENER
ISIS is not real? That’s a new one. Your assumption may or may not be true. Where is your proof? Suffice it to say, you do not have any – all you have is speculation! I, for one, try my best to not formulate my views on conjecture. The TRUTH is that a person like me (and you) does not have any way of knowing whether or not ISIS is a genuine threat. Sure, I can assume that it is because the media tells me that it is, or I can assume that it is not because someone from the alternative media tells me that it isn’t. The fact of the matter is that WE DO NOT KNOW since you and I are not in the Middle East right now to verify the story.
We have no way of knowing if it is actually a bunch of crack pot extremists … we have no way of knowing if it is a bunch of government contractors … we have no way of knowing if it is a bunch of Syrian/Middle Eastern pot heads who are told to wear masks in the streets in exchange for weed … we do not know if ISIS exists at all … WE DO NOT KNOW! There is absolutely ZERO WAY for us to verify the stories (this may or may not be a simple case of “1984” propaganda).
That said, since you and I CANNOT know who or what ISIS actually is, we MUST shift our attention onto things that are verifiable. If we do not, then we are at the mercy of the media. My opinion is that far too many people waste their mental faculties on vain things (i.e. trying to figure out if ISIS is real … trying to figure out if ISIS is going to attack America … trying to figure out if robots can get hemorrhoids). Each of those things requires RIGHT-BRAIN thinking (reacting) – all are subjective/emotion-based where man’s imagination is the be all and end all. I choose to be a LEFT-BRAIN THINKER where truth, facts, reality, and things that are provable rule.
Believe me when I say that it is not a coincidence that both the mainstream and alternative media are stomping grounds for RIGHT-BRAIN thinkers (I use the term ‘thinkers’ loosely). It goes without saying that both sides push ’emotionally charged’ information (RIGHT-BRAIN INFO) for a reason. Every dictatorship has one thing in common: they always control BOTH SIDES of the media (mainstream and alternative). It is totally irrational to assume that the same is not true today. Both media outlets use EMOTION to stir up the crowds. This MUST be done in order to bypass the critical factor (FIREWALL IN THE BRAIN). Once this happens, it becomes virtually impossible for the average Joe to separate fact from fiction (people are steered by their emotions and by their wild imaginations rather than by logic – hence the German soldiers willingly tossing Jews into furnaces during WW2). Do not make the mistake of getting trapped in RIGHT BRAIN thinking my friend. Once you do, you will be led like a sheep to the slaughter. That is guarantee!
Now, I am not saying that every talk show host is knowingly misleading people. However, when he/she simply regurgitates everything that they have heard at the water cooler or on television (treats subjective information (opinions) as though it is objective (factual), then they are doing no one a favour (including themselves). And that is why I love the “KE Report” – there is always room for debate (there is rarely a closed discussion on this forum). And yet, there are far too many “alternative” radio programs that are propaganda hubs in my opinion – there are far too many to mention.
In closing, it makes little difference to me if ISIS is real or if it is a hoax. My focus is on in the facts (things that are provable) and not so much on the news itself (which is mostly unprovable). For example, if out of the blue we are told for ten weeks straight that bunny farts are contaminating the planet, then all I need to do is ask myself WHY the mainstream and alternative media are pushing this particular story down our throats. It could be that the New Agers (occultists) who run the planet want to ban rabbit meat, or get people to beg for rabbit sausage stands to be erected on every street corner (after convincing people that rabbits are evil). Whatever the case may be, you can rest assured that there is ALWAYS a reason why they repeat certain stories on television and on alternative podcasts. After all, they only have so much time on their programs to disseminate propaganda – they choose their stories carefully. It is our job as wise LEFT-BRAIN thinkers to figure out WHY they are sharing the information they share and HOW it ties in with the New Age agenda. Unfortunately, MOST PEOPLE are far too lazy to do the footwork and so they mindlessly allow the alternative media “experts” to do it for them. They then blindly believe that most of what they are being told is FACT (when it is not) and fail to analyze any of it.
I will leave you with the words of the King of kings and Lord of lords (Jesus) – “Behold, I send you forth as sheep in the midst of wolves: be therefore wise as serpents, and harmless as doves.” (Matthew 10:16).
What a great comment, Bentnail! Kidos to you my friend!
I could not agree more Listener. Here is the million dollar question: which side will the US take? Mr Putin will not back down. How can Obama change his tune? I believe he will have to to avoid a really disasters situation
Russia is going to crush opposition.
The “end of town” Russia is operating in, west? is nowhere near the western forces. n.east.?
Isis, Nusra, all of them are beginning to run from the Russian air power.
Remember, on the ground its Syrians that advance, these guys have seen their country torn apart, friends and family members beheaded,enslaved…….. they are motivated.
These are not the guys that ran.
When, not if, when the Syrians, (and by that time maybe the Iranians,Iraqis,Chechins and Chinese) get close to western forces, they will be considered so successful, the only option other than outright support of isis, will be to get out of the way or accept Putin.
Face saving, will be offered by Putin to Obama, by allowing the west to work with the “Putin coalition” lol
They will come up with an appropriate name the American people will accept. (operation, kiss Putin butt maybe)
Europe will encourage cooperation.
It is not going to be ww3, watch close, we seldom get to see the mastery of a guy like Putin. When it is over, at least to the point every one can live with it, it will be a Putin “checkmate”.
I intend to give him a “standing O”.
His work will literally have stopped the American neocons plans, first time in history I think.
They will “regroup tho,” I am sure.
The only way to truly put an end to them, is probably the collapse of the American economy.
I know all that because I get regular phone calls, emails and tweets from both Putin and Obama. lol, that’s my guess anyway.
The Largest US Foreign Policy Blunder Since Vietnam Is Complete: Iran Readies Massive Syrian Ground Invasion
Tyler Durden’s pictureSubmitted by Tyler Durden on 10/03/2015 10:04 -0400
Iran Iraq Middle East Saudi Arabia Ukraine Vladimir Putin
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On Thursday, in “Mid-East Coup: As Russia Pounds Militant Targets, Iran Readies Ground Invasions While Saudis Panic”, we attempted to cut through all of the Western and Russian media propaganda on the way to describing what Moscow’s involvement in Syria actually portends for the global balance of power. Here are a few excerpts that summarize what’s taking shape in the Middle East:
Putin looks to have viewed this as the ultimate geopolitical win-win. That is, Russia gets to i) expand its influence in the Middle East in defiance of Washington and its allies, a move that also helps to protect Russian energy interests and preserves the Mediterranean port at Tartus, and ii) support its allies in Tehran and Damascus thus preserving the counterbalance to the US-Saudi-Qatar alliance.
Meanwhile, Iran gets to enjoy the support of the Russian military juggernaut on the way to protecting the delicate regional nexus that is the source of Tehran’s Mid-East influence. It is absolutely critical for Iran to keep Assad in power, as the loss of Syria to the West would effectively cut the supply line between Iran and Hezbollah.
It would be difficult to overstate the significance of what appears to be going on here. This is nothing short of a Middle Eastern coup, as Iran looks to displace Saudi Arabia as the regional power broker and as Russia looks to supplant the US as the superpower puppet master.
In short, the Pentagon’s contention that Russia and Iran have formed a Mid-East “nexus” isn’t akin to the Bush administration’s hollow, largely bogus attempt to demonize America’s foreign policy critics in the eyes of the public by identifying an “axis of evil.” Rather, the Pentagon’s assessment was an attempt to come to grips with a very real effort on the part of Moscow and Tehran to tip the scales in the Mid-East away from Riyadh and Washington.
Solidifying the Assad regime in Syria serves to shore up Hezbollah and presents Tehran with an opportunity to assert itself in the name of combatting terror. The latter point there is critical. The West has long contended that Iran is the world’s foremost state sponsor of terror, and the Pentagon has variously accused the Quds Force of orchestrating attacks on US soldiers in Iraq after cooperation between Washington and Tehran broke down in the wake of Bush’s “axis of evil” comment.
Indeed, Iran was accused of masterminding a plot to kill the Saudi ambassador at a Washington DC restaurant in 2011.
Now, the tables have turned. It is the US, Saudi Arabia, and Qatar who stand accused of sponsoring Sunni extremists and it is Iran, and specifically the Revolutionary Guard, that gets to play hero.
Of course this would be largely impossible without Moscow’s stamp of superpower approval. The optics around the P5+1 nuclear deal had made it virtually impossible for Tehran to be too public in its efforts to bolster Assad. That doesn’t mean Tehran’s support for the regime in Syria hasn’t been well documented for years, it simply means that Iran needed to observe some semblance of caution, lest its role in Syria should end up torpedoing the nuclear deal. Now that Moscow is officially involved, that caution is no longer obligatory and Iran is now moving to support Russian airstrikes with an outright ground incursion (just as we’ve been saying for weeks). Here’s WSJ:
Iran is expanding its already sizable role in Syria’s multisided war in the wake of Russia’s airstrikes, despite the risk of antagonizing the U.S. and its Persian Gulf allies who want to push aside President Bashar al-Assad.
Politicians in the region close to Tehran as well as analysts who have been closely following its role in Syria say a decision has been made, in close coordination with the Russians and the Assad regime, to increase the number of fighters on the ground through Iran’s network of local and foreign proxies.
The support also could involve more Iranian commanders, military advisers and expert fighters usually assigned to these units, these people said.
Wiam Wahhab, a former Lebanese minister allied to Iran and Mr. Assad, stressed that Iran wouldn’t be dispatching troops in the conventional sense. Instead, they were likely to be officers and advisers from the Islamic Revolutionary Guard Corps, or IRGC, he said.
“I know there is a major battle upon us and everything needed for this battle will be made available,” said Mr. Wahhab, who has some members from his own political party fighting in Syria alongside the regime. “There is a plan to carry out offensive operations in more than one spot.”
Experts believe Iran has some 7,000 IRGC members and Iranian paramilitary volunteers operating in Syria already.
Separate from the regular army, the IRGC was founded in the aftermath of the 1979 revolution as an ideological “people’s army” reporting directly to the supreme leader, Iran’s top decision maker.
The more than 100,000-strong force controls a vast military, economic and security power structure in Iran and is in charge of proxies across the region. Its paramilitary organization, the Basij, was the lead force in the crackdown on pro-democracy demonstrators in 2009.
Since late 2012 Iran has played a lead role in organizing, training and funding local pro-regime militias in Syria, many of them members of Mr. Assad’s Alawite minority, a branch of Shiite Islam. Experts believe they number between 150,000 and 190,000—possibly more than what remains of Syria’s conventional army.
What’s more, some experts estimate 20,000 Shiite foreign fighters are on the ground, backed by both Shiite Iran and its main proxy in the region, the Lebanese Shiite militia Hezbollah.
About 5,000 of them are new arrivals from Iraq in July and August alone, said Phillip Smyth, a researcher at the University of Maryland. He said this figure was compiled through his own contacts with some of these fighters, flight data between Baghdad and Damascus as well as social media postings. “It looks like it was timed out to coincide with the Russian move,” Mr. Smyth said.
Excellent! …and a half century of crony capitalism at the point of a gun on behalf of western oil companies has brought America to this place–a crescendo in history, the changing of the guard..
America tried its best to back fill the British Empire lost with false flags for the sake of a small handful of western crony capitalist instead peace and prosperity for all. It worked well for a very few for over half a century. But in the process, we seriously depleted our instruments of power, everything from economic and geopolitical to blood and treasure.
I imagine those most liable for war crimes in all this malfeasance are the most nervous . Walking it back LIFO, Bush and Blair are at the top of the stack–but you can go back decades for the harvest.
Political JOKE………………HILLARY going on SNL
AListen– I think you miss the point not sure why-
OK. Point about what?
Hi. I noticed that when you said you shorted gold yesterday, but you didn’t say to you shorted the miners. I know you have been expecting the miners to move sideways to down, but what do you make of this action end of day on Fridayhat is your view on the miners do you see them continuing up or do you think they’re going to come down as well
Hi Doc. I noticed that when you said you shorted gold yesterday that you didn’t say to you shorted the miners. I know you have been expecting the miners to move sideways to down, but what do you make of this action end of day on Friday? what is your view on the miners? do you see them continuing up or do you think they’re going to come down as well. Any target on the gdx?
Never thought that I would see XON below $30 again – but it didn’t stay there long thanks to the Friday ramp.
Bob; XON will probably stabilize here for awhile and then head lower.
Bob, I might add that XON is probably “dead money” for quite awhile.
Thanks Doc, I appreciate your knowledge.
I was thinking of entering a position on Monday with both XON and its ‘sibling’ ZIOP. Will hold out for now.
Doc Fan, I only shorted gold and not the miners—-in fact I’ll add to the minimal # of miner positions I have in the future most likely after tax loss selling. I especially like the way Claude is acting and will add more in the future. There’ll be other miners that I’ll purchase most likely before the end of the year. As to gold, I’ll add to my shorts if gold hovers at this level short term which will point out to me that there is not much momentum higher. If it breaks out higher, I’ll exit my short positions.
My account had been going down for 5 months and I just had the best week with the best day yesterday when I went up over 5%.
Congratulations Paul L. May your investments continue to rise. There are many balls in the air and a great deal of sector rotation, so some investments that have been in the doghouse for a while will be attracting new bids soon, but think this will happen more towards the end of the year after tax loss selling and a reallocation to new sectors by the larger investing marketplace.
Five months of declines? I could not stand that. I would be crazy.
Paul; happy for you. It’ amazing what one day can do for your confidence after the market has had its’ way against a person for awhile.
Our rulers want Jebby or Shillary, although I think Uncle Joe would be acceptable to them.
In the end the Amerikan people will do as they are told and elect one of these three the next Puppet in Chief.
good one Ebolan…………..Sad but true……….I “hink”
In the early stages of these clown shows…er….sory….campaigns there are all these candidates giving the sheeple some belief that the sheeple have some say in things, but by the time the conventions role around our rulers make sure all this freedom nonsense has been flushed out of the sheeple’s system.
No Edie, they are, at this point, definitely clown shows!
Agreed on the current candidate debates and public spectacles being a clown show.
Gold Miners Index:
http://schrts.co/jC9kBk
Segment 6
At 6mn33sec, Dan Kurtz said:
“The West has historically been the most tolerant place”. […]
Such a broad statement can be subject to many comments, and don’t know what Mr. Kurtz had in mind (in terms of which region and which time in history).
But I will just say this: depending at which part of history one looks at, this statement is just not accurate – ie it doesn’t reflect historical reality.
My 2cts.
LPG
CAD weekly:
http://schrts.co/BahX79
The green Andrew’s pitchfork appears to be the most important one here but I included the Schiff and modified Schiff (blue) to show other potential resistance levels.
I like what I see.
this is becoming confusing
I agree w LPG re Kurtz
the point Alisten –being not isis–but the russian positioning plus the iranian..
it is a very serious strategy and position…one which has been developing for a time…
a meaningful ‘change’.
we need Moriarty to sort this out v soon..
there is an article on zero hedge re Russia bombing the rag tag militants
Trump might be considered a joker or an extremist by the establishment but he makes the most sense and has practical ideas that can be applied and he is a businessman and not a politician and we know most politicians in the past have been failures.
Plus, he went bankrupt three times.
Now, anybody who knows anything about bankruptcy knows that act is a strategic maneuver and not a final desperate recourse as we might be led to believe. Bankruptcy is a choice and the users are often those who know how to take a strategic advantage with the backing of the law.
If Trump wins the presidency would anyone here doubt that he would default on his creditors? Well if you do doubt that then you don’t yet know the mind of a man who has been there three times and still came out a winner.
This is a prophecy. Trump will default on US debt if he wins the house.
If he could get away with it, maybe. I personally don’t think that he could.
Al, you must be kidding! The debt will never be paid down. Either the dollar gets revalued deliberately, depreciated or inflated away. The creditors (that’s all of us plus a few nation states like Japan and China) will never be made whole.
When a a debt becomes so onerous that it is mathematically impossible to clear it away then the only choice left is a default of one kind or another. And default is just another word for the bankruptcy of a sovereign.
It merely says the borrower is insolvent and assumes the creditors will eat some or all of the loss. High inflation rates for a few years would cut into most of the problem. Another way is to suspend all interest payments or to extend maturities way out into the future. Lots of ways to skin a cat.
Technically the US has already defaulted twice. Once was when the dollar was revalued versus gold and everybody took a 35% haircut. So gold did not go up at all. It was the dollar that fell by executive order.
Anyway, Donald has a lot of experience in this particular area. He will find a way to balance the books. in fact he is probably perfect for the job since debt will be the highlight of the career of the next President.
One thing that does not keep Trump awake at night is a pile of bills from his creditors!
A LISTENER
Trump will NOT win the Presidency. You can take that to the bank – it does NOT tie in with the New Age agenda.
Are you sure about that?
A LISTENER
I am pretty confident about it – Clinton is the pick for 2016 for various reasons (IMO).
IS she better than an bunny fart………just asking……….
an to a……..one fart is enough
LINCOLN went bankrupt THREE TIMES……..so that is a no call.
NO ONE should BE in DEBT TO A BUNCH OF MONEY PRINTERS……………JMHO
There is nothing illegal about bankruptcy…….biblical a jubilee is mentioned for a new start out of BONDAGE.
A Listener,
Your thoughts about Trump and the debt default really got me thinking – for once.
Thanks for sharing those.
Best to you,
LPG
CRJ weekly chart breakout:
http://schrts.co/F8rI51
(The consolidation since May was very strong/bullish, btw.)
Note that volume-based resistance falls way off above 78 cents.
http://schrts.co/GcfTmS
Ditto CLGRF:
http://schrts.co/cuAU16
Good charts on Claude Resources Matthew. Thanks for posting both the Canadian and US ticker charts.
Here’s another:
http://schrts.co/ajtJv6
Note the close well above the 200 week ma.
And the daily:
http://schrts.co/VGAx5l
Thanks. Yes, looks like Claude popped it’s head above that trend line, so that’s shows some strength.
Thanks for the perspective on CRJ Matthew.
Best as always.
LPG
No perfect candidates . Eliz Warren is smart to stay in Senate rather than run. Next 4 years will be Nasty no matter who is president ! I like Carly even with her past problems . She would make a good vice Pres. candidate. Marc Rubio or J. Kascich might make a good Pres candidate for the Repubs. Personally i may vote third party again like i did last time. Of course i will vote for the other offices Dem or Repub. I sometimes split my ticket and vote for the person not the party. Trump is too caustic for me i could not take 4 years of endless bombast and self promotion. best of health and wealth to you all . S
One of Carly’s past problems is she lost her race for a US Senate seat in California.
Now do you really think she can carry California in a general election. Good luck on that. More to the point, those electoral votes will go to the Democrat.
She was running against a very strong incumpent
But she lost nonetheless, and those that voted against her haven’t heard anything new to change their minds. My prediction, if Carly is put on the top of the ticket, the Rs will lose California in the general. Trump on the other hand, has a more populous message and will draw from the independents, even the Left if Hillary runs. Ironically Sanders and Trump are on the same page regarding taxes the hedge funds and global trade…and the list goes on in Trumps favor.
BTW, I see Jeb is drifting into political oblivion faster than a hell-bound train. Wonder if he is going to be gracious enough to give back all that K Street money to his corporate donors?
The US NEEDS someone abrasive like Trump.
Political correctness and ‘being nice’ has nothing to with ability to do a job.
Fiorina ran HP into the ground.
AXU is getting ready to launch a Claude-like bull market of its own:
http://schrts.co/ua3xFR
Daily:
http://schrts.co/pL5iKb
Matthew, it appears you might get a short term pullback but over all the charts for AXU look very promising.
Thanks for the input, Doc. Yeah it’s still a daily chart sell but I think AXU can get new buy signals in a hurry if silver does well on Monday. There are probably still plenty of shorts to help make that happen as my broker showed a short restriction on it last week.
A weekly look:
http://schrts.co/p3ccbz
MAtthew
“my broker showed a short restriction on it last week”
Expand, please?
http://ibkb.interactivebrokers.com/node/1432
It is typical of many players to short silver stocks rather than the metals or the gold stocks when it is thought that the sector is going down but short sales aren’t necessarily the cause of a short sale restriction being triggered.
I have been bearish on junior miners and bullish on the majors.
-And for good reason, Jason, after the outperformance the juniors have enjoyed. The seniors had some catching up to do.
Big picture, the juniors, and particularly the nano-cap juniors, will be the biggest winners.
http://schrts.co/N3rdpn
GDXJ priced in GDX is in its longest uptrend since 2010.
http://schrts.co/0tk6j6
Always have been at least at first!
Great points Matthew. The Jr’s definitely outperformed the Srs earlier this year and really since Nov of 2014. The Seniors did have some catching up to do, and I’ve been in more mid-senior Silver miners like Coeur, Hecla, and Silver Standard Resources lately as a result (but still have some smaller positions in the small micro-cap producers in both silver/gold).
When the metal prices do improve though, it will the be the Juniors that have the biggest percentage increase in gains…..but not all Jrs……select companies that have their asset, finances, operations, and management on the right track.
I’ll be going in very heavily to the Jrs over the next 3-6 months, and plan on holding some for a longer time period than normal (since we are approaching the major lows, or the alternate narrative the the bottoms in the miners are already in).
Good stuff.
Hi Guys,
Are you still covering Nulegacy?
Still keeping in touch, yes
tHE gold, prices stay low until the comex breaks, we may rally into Xmas with the debt ceiling and new budget, but that will probably be short lived. The last debt ceiling increase had no effect on gold prices, the main driver of gold is how leveraged the Comex can be without snapping. I’ve read we are at 255:1, last year was about 120:1 a few years back 20:1. 255:1 is a lot of synthetic supply skewing any discussions about supply and demand.
HUI weekly:
http://schrts.co/4rL1uE
Check out that Ulcer Index (UI on chart).
I think that PVG (Pretirum) is the darling, right now. Look at that Daily chart !
Doc,
Let be honest here you have been calling for a crash in stocks for a while and you been wrong, why hasnt techincal analysis helped you. For gold price you never give price target , just down/sideways/up. Doc/gary/rick any crap work in a bull market cycles techincals throwing darts. In a bear market techincal /cycles are worthless
Catman,
Maybe you are a very astute/seasoned investor, but me being a simple man, my limited intellect fails to understand your point that “any crap work in a bull market”, but in a “bear market technical/cycles are worthless”.
If you sense Richard/Doc has been “wrong” in his call on the conventional markets and that him NOT GIVING price targets on gold is a weakness or maybe not enough for us humble listeners, I truly feel sorry for you because I feel there is clearly a lot of valuable insight you may be missing from his daily comments.
Personally, there are quite a bit of details, nuances, and even price levels that I gather from listening to his market views on a daily basis. And I value them. But it seems you, sadly/unfortunately, miss them. It is strange as it feels we are not hearing the same thing.
Obviously, once in a while Richard/Doc might not get something spot on… I wrote “obviously” because but nobody gets it right 100% of the time. Neither in this business particularly, nor in life in general. Only fools do think they do. Even George Soros hit rate is c.65% – he gets it right twice, then gets it wrong. Gets it right twice, then gets it wrong (…).
So I personally gladly forgive Richard/Doc if he doesn’t get it right all the time – especially that his comments are FREE, so both you and I don’t have to pay a dime to listen to him. But I guess that more importantly, irrespective of what Richard or whoever else says, I don’t rely on him to make my own decisions. I decide on my own. And I take ownership for my own decisions – good or bad.
FWIW, when I think/consider that someone is dead wrong in his calls and basically pretty much useless, I stop listening to him and don’t waste my time any longer about him. And certainly, I wouldn’t enquire if he still has “his” newsletter – let alone ask for it or read it. But that’s just me, and we are all different in this planet. Beside, as I said upfront, I am a simple man, aware of my intellect limitations.
So again, I wish you could (reap the financial) benefit(s) from Richard/Doc daily views, as some of us on this site probably do (I am one of them). Once again, I am truly sorry to feel you do not seem to be able to.
So, whatever your investment process is – if any at all – I wish you good luck Catman. And I mean it.
LPG
Catman, I don’t trade w. specific targets but with zones/regions. That’s why I can’t provide them – as I don’t define them for myself. If you go back over my comments on the PM market for the last year, I would challenge you to find anyone else on planet earth as accurate as I’ve been on the short term, medium term, and long term as it relates to the PM market direction with regional/zonal changes along with appropriate inflection points of directional change.
$1305/oz. by the new year, if you care to draw an analogy with the price action in 2008:
Thx for the chart FranSix.
Best to you,
LPG
Doc
.do you still have your newsletter?
Ha! Jeez Louise, you probably got blacklisted after that prior comment!
Where’s the crash? Credit markets:
This is as bad a chart as you can make it:
I did the white-water-raft thing with JNK a while back with the choice of either selling or averaging down when my position reached -5%. Fortunately, I chose to bail out.
Great post from Urban Carmel, filled w. data, as always.
October Macro Update: Employment Wasn’t Surprisingly Weak
http://fat-pitch.blogspot.ae/2015/10/october-macro-update-employment-wasnt.html
Best to all,
LPG
Thanks for the post….interesting.
LPG whose data do we believe…???
compare this by fransix to garys at his site.. SMT
$1305/oz. by the new year, if you care to draw an analogy with the price action in 2008:
http://schrts.co/R2nf1g
Reply to this comment
$CAD gold price has positive technicals going for it:
The sign that gold prices are in a new lehg up will be advances in ALL currencies.
I’m quite interested in buying silver here priced in CAD.
What I would call mid-term, price has been unsuccessful in holding above 200 day ema, and the trend is definitely still down.
http://stockcharts.com/h-sc/ui?s=%24SILVER%3A%24CAD&p=D&yr=0&mn=10&dy=0&id=p21763590396&a=426351852
The major difference between the silver market and gold market us that gold had not seen a period of backwardation as silver had. Practically the entire commodities complex has seen a period of backwardation and a blow-off.
Lehg…… Leg up
With such high premiums to buy phyzz, Central Fund of Canada (CEF & CEF.A) are looking better all the time.
CEF still at -8.5% discount to Net Asset Value.
http://stockcharts.com/h-sc/ui?s=CEF%2FA.TO&p=M&b=6&g=0&id=p81954977486&a=421084518
CEF is so discounted and it is frustrating. The delivery option can help the fund to maintain parity. Sprott fund is very close to spot price.
I hope they have the metal as they claim. I know they do have a lot of metals but is it 100%. I own a lot of it and not very happy with the discount. They need to do something to the price. Spicer family is so passive and it makes me suspicious.
I switched from CEF to PSLV )SPrott Silver) and OUNZ MErk Gold) a long time ago, suspecting that something was very wrong with a -7% NAV.
Sprott released a summary of the Spicer family’s shenanigans a couple weeks ago, as part of their takeover attempt of GTU and SBT.
http://www.sprott.com/about-sprott/press-releases/press-release/?prId=2085087
Examples:
“GTU’s and SBT’s respective expenses are grossly disproportionate to the work of their respective administrators and Trustees. In fact, GTU’s and SBT’s respective administrators do not reinvest fees in the promotion or management of the trusts, and have no responsibilities related to the redemption of physical bullion. Simply put, they seem to have pocketed the fees and done absolutely nothing to support your investment.”
“The Spicer family has been making payments to “independent” GTU and SBT Trustees or awarding consulting contracts to their families, the details and extent of which had never been publicly disclosed”
“Indeed, in the recent Ontario Superior Court of Justice proceedings, it was revealed that GTU’s and SBT’s former lead “independent” Trustee, and former chair of their respective corporate governance and nominating committees, Ian McAvity, receives 6% of the gross revenue of the Spicer-controlled administrator for Central Fund of Canada Limited. The details of these payments, including their significant amount and lifetime term, were never publicly disclosed to GTU and SBT unitholders.
McAvity has received, and continues to receive, millions of dollars from the Spicer family under this royalty alone, including CDN $1.4 million in the past three years and CDN $3.3 million from 2005 through 2014.”
Brian
It seems that CEF always comes up whenever GTU is mentioned. I haven’t researched to see what the connection is; if indeed there is a connection. Aren’t they two separate entities?
GTU and SBT are the pure Gold or Silver funds; CEF is the 5050 Gold/Silver fund. They are all owned and run by the same entity (Spicer Family).
Sprott wants to convert the CEF-based GTU and SBT shareholders to Sprott-based PSLV and PHYS. They are offering to pay difference in NAV for shareholders to switch their shares. I believe they have more than 51% of shareholders ready to vote in Sprott’s favor.
Thanks Brian.
I own both CEF and PSLV.
I haven’t rec’d any notification from Sprott.
For now it seems they are only concentrating on GTU and SBT.
Irwin
CEF is not involved (only GTU and SBT), but, personally, I don’t trust CEF anymore.
The best way to own gold (if you cannot have it in a safe at home or SDB), is with OUNZ. You can get delivery on as little as 40 ounces.
As Al would say, not investment advice.
Brian
GLD:SPY
http://schrts.co/76MVTv
Here’s is the best summary of our current state of affairs that I’ve heard in a long time.
GET READY ………SET……….. SHORT………………….
Should be interesting in a few min. to see what happens…..
First move …..Down……….
#1 bj
Jim Sinclair’s Commentary
CIA ISIS on the ropes?
Russia Claims ISIS Now On The Ropes As Fighters Desert After 60 Airstrikes In 72 Hours
Submitted by Tyler Durden on 10/03/2015 – 13:15
One question that’s been asked repeatedly over the past thirteen months is why Washington has been unable to achieve the Pentagon’s stated goal of “degrading and defeating” ISIS despite the fact that the “battle” pits the most advanced air force on the planet against what amounts to a ragtag band of militants running around the desert in basketball shoes.
Those of a skeptical persuasion have been inclined to suggest that perhaps the US isn’t fully committed to the fight. Explanations for that suggestion range from the mainstream (the White House is loathe to get the US into another Mid-East war) to the “conspiratorial” (the CIA created ISIS and thus doesn’t want to destroy the group due to its value as a strategic asset).
The implication in all of this is that a modern army that was truly determined to destroy the group could likely do so in a matter of months if not weeks and so once Russia began flying sorties from Latakia, the world was anxious to see just how long the various rebel groups operating in Syria could hold up under bombardment by the Russian air force.
The answer, apparently, is “less than a week.”
On Saturday, the Russian Ministry of Defense said it has conducted 60 bombing runs in 72 hours, hitting more than 50 ISIS targets.
According to the ministry (Facebook page is here), Islamic State fighters are in a state of “panic” and more than 600 have deserted.
Here’s what happens when the Russians locate a terrorist “command center”:
More…
Without a boogie man, the American public wouldn’t be so easily subjugated.
We wouldn’t tolerate the police state imposed upon us via the Patriot Act that was force fed to us by Republicans who at the same campaign on their love our Bill of Rights! Really?
Nor would we tolerate our secret government within our government with their Black Ops budget growing in leaps and bounds–tens of $billion spent every year without any accountability–no questions asked, no answers offered.. Cut that budget in half and a good portion of our problems on the global stage will go away.
So we the people tip toe forward and jump at shadows while those truly in power remain faceless and anonymous.
Saudis have – Sunday – reduced the price of oil. Looks like they are trying to cripple Russia re their Syrian involvement.
Presumably this will cause the oil price to drop on Monday?
So we know why oil price declined. It is political not market driven event. So many analysts believe oil price is economical. Their opinion provides no value because they ignore the key factor. Saudi is just the front runner. I think Syria and house of Saud can have only one survivor in the next few years.
There are two things about which everyone need be clear: 1. The lack of clarity of the identity of the global elites, AKA Rothschilds and their ilk, who control the world’s money supply along with every government, and 2. The demise of the fiat “dollar” and failed fiat Euro are not accidental. Everything, everything is planned decades, or more, in advance by the global elitSes. They control and use upper echelon characters, like Soros, Kissinger, et al, and their primary membership organizations like Council On Foreign Relations and United Nations, among others.
This does not mean all the details are determined on a micro level, but the general direction in which the globalists want to move the world is not happenstance. Never forget their modus operandi: Problem, Reaction, Solution. They create their desired Problem, watch the public’s Reaction, and then swoop in with their intended Solution to solve the Problem few guess was started purposefully. The Solution almost always moves the elites closer to their New World Order agenda and always entails a loss of freedom for people.
The Middle East has been under relentless attack for a few decades, growing into a disintegrating crescendo. Lebanon, Palestine, Afghanistan, Iraq, Egypt, Libya, and now Syria, still under attack by the US-created ISIS, Iran isolated and monetarily sanctioned, ostensibly threatened over their non-existent nuclear threat, another US false flag.
Nowhere in the elite’s bought-and-paid-for mainstream news media will you hear about Iran using nuclear energy to supply their electricity needs throughout the nation. Nowhere will you hear that Iran has no means of delivering any nuclear attack, which is not being planned anyway. Nowhere will you hear that the isolation and sanctions are US payback for selling oil and not using the US fiat “dollar.” which is the real and only reason Iran is being demonized as a nuclear threat.
The primary catalyst behind the destabilization and destruction of these countries in the Middle East has been the corporate federal US government, [separate and distinct from citizens living in America and not a party to the federal government]. The federal US has the largest military budget in the world, along with an independent CIA operating as the not always covert “enforcer” for the globalist agenda of destroying democracy and replacing it with a fascist model: Patriot Act, National Defense Authorization Act, creating agencies outside of the [now useless] constitution, responsible to no one but fully directed by elite controlled forces to impose authority over a compliant and ignorant public: TSA, [Transportation Safety Administration], FEMA, [Federal Emergency Management Administration], Homeland Security…the reference to “Homeland” is the de facto federal government and not America as a sovereign nation along with all of its non-government inhabitants, the people.
How are the heads of these non-elected agencies referenced by the president? As czars. Yes, the US has a long history, dating from the Revolutionary War, of calling its leaders czars. So non-American.
Langley and the CIA have been the controlling forces of destruction around the globe. With military bases in over 200 countries, [Why?!], the US is ever-present as a constant threat. It is no accident that the CIA trained and financed ISIS, Al Qaeda, among others, used to foment destabilization throughout the Middle East, most recently as a covert way to get rid of Syria’s Assad. The US has no right to interfere with another sovereign nation and determine who should run the country, a decision that rests with the Syrian people.
Ironic that the “evil enemy” nation, Russia, has probably inflicted more damage against the ISIS terrorists this past week than the US has in over the past year. The US has no interest in ridding Syria of ISIS, having created that group in the fist place. The US is merely containing ISIS as a means of getting rid of Syrian president Assad. Putin has called Obama’s bluff by inviting the US to participate in a coordinated effort to eradicate the terrorists. Now Russia is being accused of destabilizing Syria.
I will end my commentary there. Unfortunately, few are willing to accept the truth
and be willing to acknowledge our world is about to be turned upside down. Majority
of comments and opinions have no intellectual meaning because obviously they don’t know all the protocols leading to our demise. All of you will mostly disagree but it’s not
my fault you can’t grasp the truth. There is also a reason for that too, but you most will deny that truth as well. Which leads us to a crisis unequal to anything ever seen in the history of the world.
Mr. Trader,
There’s plenty of people who know the truth around here, and many have subsequently been forced to come to grips with the gravity of a make-believe world that does not exist, be it in the social or monetary order.
Many have known for some time that the USA is in-fact is a giant Corporation that sits on a massive land base resembling a Nation of laws with national stewards of conscience. The Corporation part is true, but the national stewards with conscience is simply a child’s bedtime story fed to the public in television form over the airways nightly.
It is today and has been for decades a Socialistic Kleptocracy ran as a Corporation which is led and governed by a few thousand psychopaths and sociopaths that will never relinquish power voluntarily.
You see Mr. Trader, America is a harvesting operation, just as all Corporations are. The controllers must maintain an illusion of national interests and patriotic nonsense to continue to harvest the modern monetary paper units of today from their (common core educated) subjects. That’s why politicians do not object to mass chaotic immigration over-run. Mass populations of low educated powerless subjects allows for greater and greater exploitation. The harvesting of labor and monetary units (taxes) to the Corporation must never stop.
And tomorrow or whatever a new monetary magic show is availed and given to the plebs on the street, they too will remain powerless automatons to be used, exploited and over taxed at the whim of never ending cycles the repeat over and over.
The elite harvesters use a national blueprint defined in detail and have its dynamic effective control levers operations down to a science form.
And on occasion if you are ordered by the governing body of the Corporation that your children will be used as the animals of war to fight and die for the Corporations perversions to further its self interests, so be it again.
No Mr. Trader, it’s actually much worse than even you can believe.
V
ditto, and well said…………..
+2
Interesting thoughts, and I agree with a number of points made, and am no fan of the “powers that be” or how big business and crony government has taken over the reigns of the country. However is the UK, France, Germany, Russia, the Middle East, The Congo, S. Africa, Brazil, China or most countries that much different? Their all being funneled into a globalist regime (that doesn’t really care about America because their sites are on the UN, Global Trade Organizations, and breaking the world up into zones a.l.a 1984.).
While very well written, it came off as overly gloomy and paints all Americans with a broad brush that isn’t reflective of many people in “middle America”. As for the leadership from the Trilateral Commission, Council on Foreign Relations, Bohemian Grove attendees, Bilderburgers, and Banking Cartels….ya nailed it.
You just day that because you are close to NASHVILLE MUSIC HALL………, sing all day, play all night….
sorry for the lisp …….day to say……
That’s it CCF…..playing and singing all night is good for one’s happiness. 🙂
Well said, V
Franky,
I posted something with more/additional details re: NUGT just for you under Richard’s podcast on Friday.
You can take a look at:
http://www.kereport.com/2015/10/02/focus-gold-oil-conventional-markets/
-> check my comment at 3:51am.
My post “explains” where and how to look for news re: NUGT in the future so that you don’t get surprise by the price change going forward.
Best to you,
LPG
Just a quick heads up for you silver watchers. First Majestic has posted a pretty clear double bottom in the past month. Last week it took off and broke through its resistance channel. I figure it looks good and am a buyer on the next pullback which may come today. Here is the chart for you silver bugs:
First Majestic – 6 month chart
http://www.nasdaq.com/symbol/ag/interactive-chart
Listener,
I agree with you, First Majestic is a superb company and it is going to be a huge winner when silver regains its legs back above $18.00 – $20.00 US.
I agree, and their acquisition of SilverCrest was a huge score that the marketplace has not fully valued.
This is probably a company I will hold for long term. I sold pam American and bought this one last year. I like their CEO fighting the manipulation.
My second thought for this morning has to do with Natural Gas. Yeah, yeah, yeah…..I know. There is too much of it and blah blah. But in the next month or two Nat-gas futures will be hitting lows and MAJOR support that has been seen repeatedly going all the way back to 1995. You might want to look at the monthly chart for yourselves because it is doubtful we fall below 2.00 on the contract price. So that’s a heads up for the gassy people.
But I wonder what the chart is telling us vis a vis the conflict in Syria. Maybe that there won’t be any pipelines being built from the Mid East to Europe anytime soon? That there will be future supply problems due to proxy wars and conflicts with Russia perhaps? That the Frackers are going to be mostly bust by the New Year?
Whatever it is, natural gas is very likely going to be a buy again and maybe we should start discussing how to play it and what companies will lead the prices back up.
Anybody here interested in talking Nat-Gas?
Natural Gas futures — Monthly chart. Note that support!!!
http://finviz.com/futures_charts.ashx?t=NG&p=m1
Not a field I normally speculate in mate.
But for your interest. Aussie listed Nat Gas producer LNG LTD (ASX.LNG) Was UP 15.6% today (thats overnight for those in the USA).
Cheers.
Thanks Skeeta. I will put it on a list. It looks like that company will bottom along with Nat-gas some time in the next two months. I suspect its going below 1.00 though judging by its long term chart so its worth a closer look down the road.
Wow – that is a jump.
Thanks for the weekend show fella’s
An enjoyable listen as per usual.
Cheers.
Holy Mack…I still have not tuned in. Just no free time this weekend. Thanks for the reminder.
LOOKS like an up day…………
Gold moving higher this morning…….this might be a good week.
Move above 1180 will be good. It means the downward pressure is lighten up.
I will quote you on this one, Indy.
Do not quote me on anything, I get enough hate mail…… :)… besides that was a one min. call. 🙂
But, silver is looking good……..
Rubicon down -33% this morning ! ! ! Bad news release. The risk of owning individual stocks.
Gary makes good observations (which I agree with):
http://blog.smartmoneytrackerpremium.com/2015/10/a-change-in-character.html
I have respect to Gary. He dare to stick his neck out while others are following the crowd.
FRENCH ARE TICKED………………AIR FRANCE execs, get clothes ripped off, after leaving meeting to cut 2900 jobs…..zerohedge
FRENCH know how to throw a good party………… 🙂
They might be beaten to death in China. 🙂
TREASURY SELLs 3 MONTH BILLS ……AT “0” rate. ….zerohedge
FIRST time ever…….
NEXT MOVE…………ZERO AND BELOW……….cold winter at negative rates coming.
TTP……..agreement signed…..big corps. will move everything over seas, including profits, not to be taxed.
What is it about? Just curious. BTW, I am not American.
Group of countries getting together, signing a bill to do business, for the large corporations benefit.
Re: Degment 6: Dan Kurz of dkanalytics.com about immigration in the US and Europe and how it could impact the markets:
Interesting discussion.
The Western countries are already lost -at least nearl;y.
His key phrase was “failing on purpose.”
our politicians have been making deliberate mistakes for 40 years in foreign and immigration policies – a suicidal combination of creating foreign wars and then taking people from the countries that have been destroyed and letting people who hate us in through the gate. The consequences will be dire.
The Balkanization of Europe was another key phrase that struck me in Dan’s commentary. This is how the EU will end – and the UK. The whole thing is totally out of control and the new parties that have emerged will not change things in time.
Re: Segment 7 and Chris T’s comment on repatriating cash held by US corporations abroad.
Yeah well how have they been spending their cash lately? On investment inthe real economy? Nope.
They can repatriate their cash cheaply and buy back more of their shares! The officers of the company would then get even richer and the stock market would get a boost.
Segment 8: Donald trump is abrasive. So was Mrs. Thatcher. She kicked ass.
3-month treasury bill yield.
http://schrts.co/NJAGwD