The economic backdrop does not support a continued drop in bonds
With Chris Temple this morning we focus on the continued drop in bonds. Treasuries are in the longest decline in more than a month but Chris does not feel this trend will continue for the long term. He points to continued weak economics around the world and the fact that investors will continue to look at safer investments as market corrections seems more likely.
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I am getting tired of being stopped out of stocks in the PM area, because now I have to choose when the turnaround will come. I know trailing stops protect against losses, but this is getting annoying!
Auryn Resources receives conditional OK to list on TSX
2016-10-05 08:08 ET – News Release
Mr. Shawn Wallace reports
AURYN RESOURCES RECEIVES CONDITIONAL ACCEPTANCE TO LIST ON THE TORONTO STOCK EXCHANGE
Predator samples up to 186.5 g/t Au at 3 Aces
2016-10-05 08:33 ET – News Release
Ms. Janet Lee-Sheriff reports
GOLDEN PREDATOR 3 ACES SAMPLING PROGRAM DELIVERS RESULTS UP TO 186.5 G/T GOLD AND TWO NEW VEINS
Not bad! That was one of the stocks that gave a good conference report, discussed here a week ago.
Golden Predator is a keeper, if you believe we are in a bull, multi-year gold market
I have not got a clue any more folks. I really have not.
I look at the fundamentals and they are terrible – but the stock markets keep soaring.
Heck, things are going from bad to worse to serious in Syria and, bizarrely, the precious metals are dumping and the conventionals are mostly brushing off any talk of hostilities dragging in the big boys. Scary times.
Bob UK, don’t forget during the Weimar Republic collapse the stockmarket went up.
Shares represent fractional ownership of something with real value, even if they get overpriced.
People are buying shares for their cash flow.
Bob UK,
Hope all’s well.
If so often one feels confused by market action, it means 1) one is missing something (ie one’s thought process is flawed) which is often the result of 2) not seeing things the right way. I like to say: “when one is not looking at the right place, one is unlikely to find what one is looking for”.
MOST OF THE TIME, when people talk about fundamentals they in fact
1) mention/discuss past data —> TOTALLY USELESS becoz IRRELEVANT
2) express their own opinions more than discussing true fundamentals. —> so when their opinions are wrong, they say “fundamentals don’t matter” and ultimately end up confused.
My 2cts.
Best to you as always,
LPG
Jim Willie:
http://dollarcollapse.com/euro-2/world-gone-mad-part-1-italy-50-year-bonds/
And I thought California was the land of fruits and nuts!
This should knock the dollar down.
http://www.zerohedge.com/news/2016-10-05/us-trade-deficit-unexpectedly-grows-august-pressuring-q3-gdp
And push gold back up.
Fraud every where. Politicians ,markets ,central banks ,government controlled by the crime families.,it is so in your face it is a joke.
Armstrong’s latest – Norway’s Link to Clinton Foundation
Controlled Demolition Coming-Not a Crash-Catherine Austin Fitts –
Renowned investment advisor Catherine Austin Fitts says there is $9.3 trillion missing from the Department of Defense in 2015 alone. Fitts explains, “This is a phenomenal number and a phenomenal amount of money. This is the cut and run. All this money has been disappearing from the federal government. . . . I’ve been demanding to know what banks and contractors are liable for the systems. We are talking about transactions that are in violation of the Constitution and the laws related to financial management…
http://usawatchdog.com/controlled-demolition-coming-not-a-crash-catherine-austin-fitts/
Great listen to…..
posted earlier ,I thought Big Owl should get her back on the show!
Where’s Chartser?
He said TA is not rhetoric and how I should wake up.
This coming from someone who said go,d would be $500 an ounce for the last two years!!
Go back to sleep before you hurt yourself !
Chris. Temple, this seems interesting to me.
http://etfdailynews.com/2016/10/05/this-generic-drug-etf-deserves-consideration-amid-biotech-weakness/
I also like Russia and emerging markets, as long as the US dollar is weak.
I own some RSXJ and EWZS as vehicles in this area.
It’s forever blowing bubbles, pretty bubbles out of thin air…..
http://www.cnbc.com/2016/10/03/this-bubble-blind-fed-is-going-to-trigger-another-brutal-recession-commentary.html
Get out of your head, James..
Doc was looking at the technicals that are telling him there is more downside going into next year. I completely agree with that from what I’m seeing. New lows could still be in the cards too! That’s not rhetoric.
He mentioned 2017, 2018 and 2019
Go back and listen…then go back to sleep.
Canadians are taking over America’s national sport, whenever or wherever The Blue Jays play they have more fans in the American baseball stadiums than the home teams. The Yankees will become Toronto’s farm team. DT
Maybe they could try basketball….
DT I think there is on one or two Canadians on this Jays team. Look to NHL hockey for Canadian dominance. Most Stanley Cup winners have about 50% Canucks on their squads.
and all those wise guys out there who keep making the snide remarks when I mention manipulation and I am told I am not sophisticated enough to understand technicals I guess the judge isn’t smart enough either…
jj and bob m should take a look at this
Jordan R-B on palisade radio
Thanks for the Jordan post Pete. He nailed it as far as the pullback in Gold and Silver, and I had posted his last one and felt he was a bit to bearish, but he was right.
I haven’t listened to this podcast yet, but I always consider Jordan’s point of view.
The T-bond is showing a little more strength than gold at the moment but I do not think it will last. TLT priced in GLD has most likely been in a topping pattern for well over a year.
http://stockcharts.com/h-sc/ui?s=TLT%3AGLD&p=W&yr=5&mn=1&dy=13&id=p66582789709&a=444178153
So you expect the ratio to fall and GLD to rise?
The short to medium term (days to weeks) is questionable but longer term (months to years), definitely.
Thanks,Matthew
There’s too much crap being spun here and it needs to be addressed.
And I am sure to piss off some people.
First there are some people on this site, including myself that have BIG money on the line in the precious metals space.
I am not talking about punters who throw some dimes on penny stocks investing in Uranium, Lithium, Rhodium, and every other ium, and throw in Wind, Water and whatever else they can trade.
Yesterday’s smack down was big, it did sting, it was meant too.
Anyone who says it was nothing, or tries to downplay it is frankly not in the space, or only has a few small bills on it. They are not big players.
Did I sell an ounce? No. Of course not.
But let’s not shrug it off either as if it was just a hiccup.
It was a smack down, it was hard and it did a lot of damage that needs to be repaired.
I don’t want to hear crap about how I get emotional or am not reasonable from someone who frankly is talking out of both sides of his mouth.
You cant say Silver is a great investment, out performing stocks and real estate and then also say how you can make money on the sell side as well.
To deny silver has been atrocious these last five years is quite frankly ludicrous.
To have an intelligent debate comparing silver to other assets like stocks and real estate, and to say it beats them, but then to say you can make money shorting is a complete contradiction.
You are trying to defend the indefensible.
If its a volatile trade that you can make money long or short and it ends up back in the same place that’s fine.
But it cannot be a volatile trade that you can make money on the long and the short and still outperform other assets. You can’t have it both ways.
All the charts, retracements, waves, volume and all the other crap simply can’t see that it is down 65% from its high.
Talk about not seeing the forest for the trees.
I suppose we are all supposed to be impressed that it stopped at support?
Big deal!
When support is zero let me know when it stops there!
Here’s another guy talking out of both sides of his mouth…
AUCKLAND, Oct 5 (Reuters) – Chicago Federal Reserve Bank President Charles Evans said on Tuesday he would be “fine” with raising U.S. interest rates by year end if U.S. economic data continued to come in firm, though any further moves would need to see inflation moving higher.
Speaking to reporters after a speech in New Zealand, Evans said any hike would likely come at the Fed’s December policy meeting, though he would not rule out a move as early as the November meeting.
Evans emphasised that the timing of the next hike was less important than how tightening was conducted beyond that, and he would want to see inflation actually moving up and unemployment falling further.
This is EXACTLY what I said months ago.
These FED heads go all over the world on our dime giving speeches and talking out of both sides of their mouth.
What the hell business does this guy have in New Zealand?
He is a regional FED President from Chicago, why on earth does he need to be giving a speech in New Zealand?
There’s a lot of crap going around here and it stinks.
Smells like the track.
You are so emotional,James.
He’s also ignorant. for example: “All the charts, retracements, waves, volume and all the other crap simply can’t see that it is down 65% from its high.” What?! lol…
100% of investors who don’t use charts don’t understand them.
Pete, what category above do you fall under?
Very goog news. Stockcharts.com repaired Pring’s Inflation Index and the unwarranted 30% decline rendering it useless has been removed. None too soon because the rebound should be forecast in a rebound of treasuries(lower long term rates) and TNX/PRII:
So if we go back to $TNX/!PRII and remove the price labels, then you can see that the 34-week EMA is being tested. I presume the turn will come when TNX/PRII goes below the 34-week EMA, and resumes the downtrend:
Nice, thank you for the update.
I should’ve sold my gold stocks last Fri and bought Deutsch Bank. But one day I’ll be glad I didn’t.
Still haven’t addressed the fact that you can’t say silver is this wonderful investment better than stocks and real estate but you make money with plenty of selling opportunities?
Which is it?
A fair question
James, silver is up far more than stocks since real GDP peaked 15 years ago. It has also smoked stocks in 2016.
I hardly ever trade physical silver, even in ETF form, since I prefer the miners. Either way, silver delivers plenty of chances to trade.
It is obvious to me that you would prefer to make 5-10% per year than to deal with the volatility that we MUST expect when hunting big gains. Of course, there is nothing wrong with that but you should do yourself a favor and admit it.
When Deutsche Bank gets bailed out and the stock goes up 50% you might take that back…
when DB collapses and gold is 3K I’ll be happy I passed on DB.
Saw that article, and was going to post it, but got sick of one posters relentless smear campaign and time NSU comes up. Thanks for putting up the update, as Zinc is one of the commodities that is garnering much attention so far this year and since the end of 2015. With so many of the larger base metals mines that have closed, throttled back production and staff, or are depleted, then the smelters are hungry for more Zinc. Many of the Silver miners have nice Zinc credits. One of the companies that has been knocking it out of the park lately with their Zinc results is Arizona Mining. They had 10 drill rigs going, and are ramping up at present to 15. They’ve been finding bonanza grade Zinc along with their Lead and Silver components.
I’m very keen on about 6-8 Zinc companies at present and it has started to move before the Copper companies. Going to be a fun ride…… I Zinc……
Excelsior,
This is the KER,were people go to listen to interesting guests and read/post articles about various topics. thats the beauty of KER,there is something for most Investors/traders.
I do not agree with everything i post but it´s up to the Investor/trader/ and a few(peopleholdingthesameasset too long and not “stepping of the train” between cycles) to decide for themselves what to do.
We can not have the smearers and disrupters stop people from posting.
There will always be people with tunnel-vision,thats just the way it is.
Just my 2oz 🙂
That’s a good point, and generally post what’s on my mind, and any interesting articles, editorials, charts, videos on TA, videos from pundits, videos from CEO or that feature Corporate Presentations etc… However, when 4 or 5 times in a row this poster just tagged negative editorials to those posts, it just became to tedious for me to address the same thing over and over with them putting in no effort to read any of the years of studies and audits. Yes, I agree “there will always be people with tunnel-vision,” but that doesn’t mean you want to trip their trigger and start it all over again…..
I appreciate your 2oz Pete. All the best sir.
Yes,i know what you mean,thanks Excelsior
Russia suspends nuclear agreement, ends uranium research pact with United States
http://uk.reuters.com/article/uk-russia-usa-nuclear-uranium-idUKKCN12524M
Hey Pete – thanks for the post.
Just a heads up that yesterday Dragonite and I delved into greater detail on this topic and what it may mean to the Uranium space moving forward.
The Uranium spot markets have not been allowed to recover with the US dumping all the Russian warhead plutonium & their endless supplies of cheap Russian Uranium tailings into the spot marketplace in since 2013. Ending this program will be like taking of the shackles of the pricing mechanism and setting the spot pricing develop based on real supply/demand metrics and the reality about the costs of production.
This cessation of endless fuel continually dumped on the market, will allow normal business to resume in the sector. This is important for when the longer term supply off-take agreements with utility companies are negotiated by the Uranium miners in 2017-2019.
There’s a bunch more info and some great research articles from Marin Katusa on Tuesday’s Chris Temple editorial. Here I’ll link it below for quick reference. The US and Russian governments impact on the nuclear industry is discussed towards the top:
http://www.kereport.com/2016/10/04/gold-ud-dollar-whats-important/
Thanks again for that ceo site Ex.got into the Tinka yesterday early enough before it started to move.used some of the trevali profits.had to sell some of the trevali cuz I was getting to overweighted in it.zinc has been good to me and I think it will continue
Yes,saw those,thanks
Cool. It is an interesting story that is developing so it will be interesting to see how this affects the spot market over the next year or so without the nuclear fuel dumps onto the spot market from the US government.
Nice Wolfster. Yeah I like the crew that post over those Zinc rooms at ceo.
A few of them are absolutely stoked about Tinka, Trevali, Arizona Mining, and Solitario Exploration corp. They do like Heron and Zazu for the longer term as well. One guy really likes Hudbay, and Rox Resources. A few have mentioned Pasinex, and Callinex, and Boliden and Foran have come up as well. They don’t seem to like Canadian Zinc though due to the smelter penalties and high mercury content.
First of all I own plenty of stocks that are leveraged to gold including:
AEM
GFI
GG
KGC
AUY
NUGT
I don’t have these looking to get 5-10% returns.
You are way off base again.
You keep claiming silver is up against stocks but you don’t deny the fact that the money was made on the sell side.
You also keep using 2016 as a yardstick. It is not.
Something that delivers “plenty of chances to trade” is not an investment to compare to the long term appreciation of stocks and real estate.
Stocks and real estate smoke silver hands down
Well, holding those stocks and NUGT certainly explains your mood, eh?
+1 🙂
And when will gold be 3k?
How do we get from here to gold 3k?
Only in dreams.
James-
We got to get to $1,500 first. On this case, a major re-evaluation must be made. Then upon getting to $1,500, we must observe the mining shares. The metal led the shares higher from the beginning and led the shares lower. This will be important.
The dollar needs to test the highs of the year. It commenced doing this now as of the other day. This should keep the gold in correction.
Again, evaluate the USD from here up to the annual highs.
Then we can talk.
And yes, the FED is annoying, they really should keep their mouths shut rather than attempting to goose the markets. Without them being aware, they are creating an uncanny mechanism in the market that will not be friendly.
I think the real estate over PMs debate has been overdone, real estate blows PMs away.
Course thats “long term” lol
But real estate is supposed to blow away PMs, especially gold, gold is money, its purpose is to preserve purchasing power….thats it, no more.
If a person wants to make billions, its real estate, or invent the computer etc
Tuff to make billions with gold.
Well, I suppose if a person was a superhero trader.
The real estate debate is interesting, but we have been in a declining rate environment for 30+ years. Not to mention the high GDP rates of the 1960s and 1980s that built an economic base. There is no reason that real estate, as a whole, cannot decline for a decade or more going forward.
+1
b
Quick Question: Do you actually (literally) laugh-out-loud when you type “lol”
?
+1 lol (um, I don’t actually laugh out loud 😐 )
If I write (lol) which is rare or LMAO which is even more rare, then I am laughing out loud or Laughing My Ar$e Off.
If I write Ha! or Ha! Ha! that is how many times I laughed, but it may be more of nasal laugh with lips together and like a hum throat laugh.
Sometimes I get tickled or think someone is being witty and I write “Funny” or “Good one” or “Nice.”
Now that I think about it, I really do laugh quite a bit…… That works. 🙂
You have to laugh in this market….both up & down.
Otherwise you should be playing elsewhere…..lol
Cheers.
Brian, that would be llol.
Nice Wolfster. I posted their prior BNN interview yesterday and added their press release this morning, but never got back around to the BNN show from today.
Much appreciated!
This situationn has the feel of a liquidity problem combined with desperation for higher yield.
We may have higher volatility as switching occurs.
“When in doubt, do nought” used to be my mantra.
But maybe I should change that to:
“When in doubt, get out!”