Jordan Roy-Byrne – Technical And Fundamental Macro Data To Watch For A Divergence In General Markets From The Precious Metals
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us for a discussion on what key technical indicators and macroeconomic factors he is watching for to confirm an environment where the precious metals will be able to begin a true bull market and diverge from the broad US equites.
In general, Jordan is not that encouraged by the relief rally we’ve seen in the PMs, because they’ve simply bounced with all the other general equities and commodities, and so he feels the next 3-6 months will be key to see how markets react to their 200 day moving averages, 40 month moving averages, and if we see a true secular bear market begin in general equities. Another market Jordan will be watching closely will be the bonds and trend in interest rate yields and spreads.
Dollar Index : Summer 2022 : Possible Turn : Target Acquired
https://saturationtiming.blogspot.com/2022/07/dollar-index-summer-2022.html
Possible ‘tweezers bottom’ forming.
Fortuna(FSM) down 4% after Q2 results. Their silver mines don’t appear to be very robust.
U.S. economic collapse, The Market Will Win Out! Dr. Ron Paul on US economy’s “inevitable collapse”, the impact of Nancy Pelosi’s Taiwan visit. DT
Thanks Jordan. Very helpful info.
MA and fork support at 103.30 for the dollar (which is unlikely to hold):
https://stockcharts.com/h-sc/ui?s=%24USD&p=D&yr=1&mn=7&dy=0&id=p26207983734&a=1163815784
Rick Rule – Don’t Let Your Biggest Risk Take You Down
Liberty and Finance – 08/10/2022
“Legendary investor Rick Rule joins us to discuss preparedness and natural resource investing. The #1 preparedness step is to let go of fear and build your capital, he says. “Preparedness takes capital. So worry about getting capital before you worry about anything else. And remember too that the biggest risk you face is yourself,” says Rule. “Don’t use your fear of the unknown as an excuse.”
0:00 Intro
1:39 Symposium recap
6:23 Gold-backed currency
9:53 Gold & preparedness
14:37 Platinum
18:05 PHYS & PSLV
20:29 Biggest risk
23:00 Bank solvency
26:43 Jurisdictional risk
29:12 Preparedness
34:06 Virtual Symposium
40:29 Rule’s offer
45:02 Miles Franklin
Rick Rule talks about being an optimist or a pessimist, there is a third category which he misses and that is a realist, of which I believe my personality falls under however; others may dispute that. DT
So you can be either DT as the situation warrants, go up and down like a toilet seat.
Terry, if you have been reading my posts these many, many years you should be smart enough to realize that I am consistent in my beliefs, not like you suggest up and down like a toilet seat. I find it degrading for you that you would even suggest that. DT
I was optimistic yesterday but pessimistic today with FSM down on a moderately bad quarter and IPT down on no news.
I Ching
Hi Ex, It seemed to me that Rick Rule is holding a lot of cash these days, he kept mentioning cash in the interview and in particular of course The US dollar. Being an optimist Rick Rule must think there is a distinct possibility of a major downturn in the markets and he wants to be a buyer. RR isn’t going to say “Hey guys I see a crash coming”, that could spook a lot of investors. But I think he is very wary of what is going on. DT
I think the Boc Raton conference was back in July. This interview was pre-conference, so Rule may have adjusted his positions like many do in short periods of time. He may even changed some things after directly discussing things with Conference attendees. Just another guess but worth considering.
I don’t know DT. Rick has a lot more cash piled up than most of us have, so I’m sure he’s ready to be advantageous, but he’s done other interviews where he was discussing putting cash to work in a number of positions in precious metals, base metals, and uranium, so who knows? Maybe Cory can get him back on the show and we can just ask him that directly.
(CXB) (CXBMF) Calibre Reports Quarterly and Year-To-Date Financial Results, Production and Cost Guidance Reiterated for 2022
9 Aug 2022
Year-to-Date (“YTD”) 2022 Highlights
– Gold sales of 112,270 ounces grossing $210.8 million in revenue, at an average realized gold price of $1,878/oz;
– Consolidated Total Cash Costs (“TCC”)1 of $1,121; Nicaragua $1,069/oz & Nevada $1,351/oz;
– Consolidated All-In Sustaining Costs (“AISC”)1 of $1,244; Nicaragua $1,149/oz & Nevada $1,365/oz;
– Cash on hand of $92.3 million, or C$0.27 per share;
– Cash flow from operations of $61.5 million;
– Adjusted net income of $31.9 million, or $0.07 per share;
– 254% increase in Nicaragua Mineral Reserves to 1,013,000 ounces gold since Q4, 2019 (see news release dated February 23, 2022);
– Received the environmental permit to develop the Pavon Central open pit (news release dated June 16, 2022);
– Announced the grade driven increasing production outlook (news release dated June 22, 2022);
– 16 drills completed 120 kilometres of drilling across the Company’s operations, which has led to new discoveries, resource building opportunities and the potential for grade-driven production growth;
– Bonanza grade drill results from Panteon North within the Limon Complex outline multiple kilometers of high-priority discovery and resource building potential (news release June 27, 2022);
– Drill results from the Pan Mine indicate resource expansion and higher-grade potential (news release April 12, 2022);
– High-grade drill results and positive metallurgical results from the Gold Rock project demonstrate favourable heap leach recoveries and cycle times (news release June 29, 2022
https://ceo.ca/@globenewswire/calibre-reports-quarterly-and-year-to-date-financial
Summary:
Corporations are not going to pay fair value for employees, benefits, materials, equipment or costs of doing business. They are going to pay management way more than they are worth and buy politicians with surplus profits. They are going lobby to deregulate and destroy everything in their wake. Finally a theory that is proven.
FSM – (Fortina)- added @ $2.64
People should be looking at soft landing, if so what will be impact on metals, miners.
For these juniors to get back to their August peaks gold will need to be at 2100 or higher due to inflation cost mostly because of diesel fuel used in all large mining equipment. Even if inflation starts to ease fuel demand is still going to be demand, oil not going to crash it’s already down from 120 highs approaching high 80’s and miners cost are still hurting their profits.
I think the fed will take the opportunity to raise 75 in September to take advantage of a stronger stock market so they can have more juice down road to ease if there is a big recession. That puts off any easing or possibly stock market crash until 2023 and fed will have benefit of strong jobs and maybe stocks trade in range after this rally and they forecast soft landing and create a drawn out effect buying time. This would keep dollar strong, don’t forget this is a global issue and USA is in a much better position than most other counties, money will continue to flow into our economy.
The new $650 billion spend and tax bill being passed will help put more money into economy and it will be in mid to late 2023 before we see if things come unglued and recession really cause crash and maybe gold miners get pulled back down before the big bull run in metals takes off.
Just saying everyone is looking for this fall for the dam to break have to consider soft landing in near term before the big storm developes.
I’m taking profits on some of my risky juniors and building cash, keeping what I consider to be long term holds that I got in at lowe prices and will have plenty time to load up on big bull after I make sure it is developing, many miners will need to start raising cash to keep drilling or expanding and will only cause dilution in share price.
Agree on Fed still doing .75 hike in September …..agree they would like extra cushion to bring rates down if they don’t get soft landing….. copper is the one I’m keeping my eye on for buying especially in a soft landing scenario. If housing picks up between it and the EV push supply constraints will be back in no time.
Just went negative in account …. another day of “similar” trading driven by … electronics.
Very limited movement in any single stock from the opening price…except for taking Emo from positive to negative. (36 stocks). Repetitive pattern near impossible without intervention.
Emo went up so account now positive. No other movement in the others. (Account + $24)
Gold Vaults Back Above $1800 But Retail Traders Are Not Enthused
by @Goldfinger on 5 Aug 2022
“There is a great deal of confluence in the gold chart between $1835 and $1850, and it’s difficult to envision how we will quickly vault through this area of resistance. The most bullish scenario could see gold consolidate in the low $1800s for a couple weeks, before embarking on its next leg higher in late August.”
“Perhaps the most interesting aspect of gold’s recent $130/oz rally from the July 21st low of $1678 is the lack of retail participation as evidenced by little interest by small speculators in gold futures.”
Furthermore, Tom McClellan has pointed out that the Gold ETFs (GLD and IAU) are not seeing any interest from “the crowd” despite gold’s recent rally:
“We have seen this happen before, when gold prices would turn higher but the total combined assets in GLD and IAU would refuse to turn upward along with prices. In those cases, what usually would happen was a longer up move in gold prices, an upturn which lasted until “the crowd” finally decided to get on board. The longer that they hold off from buying into these ETFs, the longer that the uptrend can last.” ~ The McClellan Market Report
https://ceo.ca/@goldfinger/gold-vaults-back-above-1800-but-retail-traders-are-not-enthused