Sean Brodrick – Gold Stocks, Lithium and Oil; Here’s Sean Outlook
Sean Brodrick, Editor of Wealth Megatrends and contributing analyst at Weiss Ratings joins us to share his thoughts on gold stocks, lithium and oil.
Starting with gold stocks, Sean shares a number of metrics that show producing companies trading below book value. When looking at the lithium sector we discuss the pullback in lithium prices and the news out of Chile that pushed down lithium stocks across the board. We wrap up the interview with comments on the oil sector.
Click here to visit the Wealthtrends website to follow along with Sean’s market commentary and trades.
Another big rug-pull commences!!!
The PM stocks have all been decaying and signalling another big washout for the sector.
Just a little appetizer for the upcoming “summer doldrums” that the PM bugs and newsletter pushers will be parroting for the next 4 months, just like they do every year.
You’ll say to yourself “yeah, I’ll just ride it out and buy more when they bottom”… but guess what, YOU WON’T. After weeks of declining prices you will sell at the bottom just like you always do.
But you don’t have to let it happen again if you just do one thing, and DO IT NOW….
Cash is what you will want.
Cash is what you will need.
Joe are you a BOT! LOL! DT
Yuppers, Investors are rushing to cash: I hope I’m Wrongo in the Congo. This could be the contagion which keeps on taking, until they run out of sellers and then SWOOSH! IN! DT
Then there are the margin accounts, I figure some of them must have been triggered today! DT
Good to see the bogus overbought paper metal market go down so it could push my portfolio below its all time low.
Sorry to hear about all time lows for your portfolio, maybe best to give it a rest and hope for the best.
There are many here in same predicament and have suddenly disappeared.
Re: “There are many here in same predicament and have suddenly disappeared.”
I got rid of most my juniors, not enough volume to get out over the summer months, I’m going to play the etfs for awhile. I would have sold more but SCZ is still on a halt and it is my largest holding, I’ll blow it out for the summer too!;-D
USD, looks like a blast up to $1.05 IMHO.
Good thoughts Dan. Yeah, in a way, it’s a back-handed blessing that SCZ is halted as silver and the PM stocks are correcting. As for the US dollar rising, I just posted an interview with Jordan Roy-Byrne where we mentioned the rising greenback and interest rates have been a pressure on the PMs recently.
Realised what’s going on with Fred Davidson(IPT) after listening to Silvercrest presentation here Monday. When you are doing business in Mexico, keep your mouth shut. Talk as little as possible about your Mexico business.
Nibbled at VZLA @ $1.22, more nibbles @ 1.17 & 1.10. 8% cash & Holding
Does it mean anything when the Spot and Futures quotes are very close ($4 difference) ???
Whatever diverts the attention of voters from theft, corruption or transfer of wealth matters in the alternate universe.
equity to edge of abyss and powered up through….be happy do not worry…glta
The selling was brutal today, if the price of gold goes down even slightly the related precious metal stocks get hammered. This is not based on value it is fear driven. If the profits keep declining it will be difficult to sell in the open market. A multitude of sins could start to become apparent. Nobody likes to be a harbinger of bad news, but it is what it is. Santacruz has dodged a bullet by not filing their financials. I sold some stock today, we will see if a bird in the hand is worth two in the bush. DT