Rick shares his technical outlook for bonds, GDXJ and Marlin Gold
Rick Ackerman kicks off today and this week with comments on a broad range of investment sectors. With the selloff that we saw in bonds last Friday I saw this as an opportunity to check in and see if Rick is changing his bullish tone on bonds. Here are the charts that we looked at…
- Long term bonds – TLT (20 year T Note),
- VanEck Junior Gold miners ETF – GDXJ,
- Marlin Gold Mining Ltd. – MLNGF & TSX.V:MLN
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Agreed. Rick’s analysis is very much appreciated. Thanks Cory & Rick for reviewing Marlin Gold.
gold and silver being taken to the woodshed.
lael will spin some more bs
when did we habd the reins of the economy over to academic eggheads with no real world experience.
this women has never had a real job in her life, now everyone is on baited breath waiting to see what lael will say.
this is so out of control and ridiculous at this point I am at a loss for words, which isn’t easy for me.
I said Fridays sell off would be completely forgotten, even I though didn’t think it would be forgotten so fast
here we go loop de lo
here we go loop de la
She is always Yellen the same old stuff but she is highly ejuuuuucated so knows more than us.
My $4 Silver call still very much in play!
A few years ago I compared the price of Silver to Gyokuro Green Tea.
At the time if I recall they were both around $20 an ounce.
Silver is now in the mid $18s and good premium Gyokuro Green Tea is around $26 an ounce.
You be the judge.
If you like tea, or even if you don’t, start hoarding Gyokuro, there’s a lot of Chinese who drink tea and they will take the tea over the silver any day.
The market has spoken!
Don’t get priced out of Gyokuro Green Tea!
How is ginseng?
Silver, aka “The Worst Investment in History”
Thanks Rick for sharing ,, you’re a good man!
Quite a few years ago I posted grades for gold and silver.
I think I am going to return to that.
It will be called the “James the lesser precious metals review”
Since everyone is an expert and an analyst these days why not me?
The grading system will be from “A” to “F”
A will be excellent, outstanding.
B will be very good
C will be average
D will be below average, poor
F will be failing, lousy, in the toilet, kicked to the curb.
The grade will be based on overall price, price in relation to its all time high, time and price, price relative to other assets (stocks, bonds, real estate, tea…)
Even though I own plenty of gold and silver I will do my best to be objective and fair.
Let’s commence with the “James the lesser precious metals review”
9/12/2016
Gold D
Silver F
That is all.
James, you’ll know you’ve learned something important about investing when you look back on these comments of yours and cringe with embarrassment.
Silver and silver miners have been better to me than any other investment.
Silver gets an A-plus.
The rich still need a middle class,…just to keep things in order…
Matthew, I would love to look back and cringe with embarrassment one day.
I think the difference however is you are using the word “investment” whe in reality it is “trade”
I could be wrong
Trades and investments are one and the same, James. People make a distinction between the two based only on the duration that their money is deployed. Silver is fantastic precisely because it is so volatile.
Volatility provides opportunities that come along more often but don’t think for a moment that less volatility means you should ignore opportunities to sell high and buy low.
Agreed about the volatility of Silver creating more opportunities, and not ignoring different points to buy during pullbacks and sell into strength.
I’m not a technican and won’t argue with Rich A. I’ll just say bond fundamentals (abuse) are concerning and eventually bonds may take a turn for the worse. It’s hard to imagine given a 30 some year bull cycle.
I am currently long US T Notes, but am nervous. Trying to decide on an exit point ~ perhaps .86%
You thoughts ?
I agree. TLT is down more than 8% YTD when priced in real money and it has a lot more downside to come, in my opinion.
TLT:GLD monthly (for those who can view a monthly chart):
As J.P. Morgan said, “Only gold is money. Nothing else!”
Gold up +++ after correction is finished.
I wonder exactly what Rick would say on the UVXY rally since Friday. Kinda looks like a typical set-up? Just based on the hourly chart.
Label spoke and the market is loving it.
The FED is playing us all and I’m tired of it.
Do they think we are putzes?
I for one am done. The simple fact that the market waits with bated breath
on every word of the different fed governor is larger than life.
I will not invest a single penny more to this metals complex until we take out the
recent highs of nearly 1380. It is just so much easier to day trade other stocks.
“Today’s new normal counsels prudence in the removal of policy accommodation,” Brainard told the Chicago Council on Global Affairs.
Chew on that for awhile!
This is the new normal!
And let’s be clear – there are no Hawks at the FED.
There are Doves and Uber Doves, but there are no Hawks!
Interest rates will probably go up in December to save face. It is a no Brainard.
The market may be setting up for another fall as people lighten up on the strong rally. I have sold almost everything on the bounce. Could fall from 2160 or 2170.
I just love it when Politicians and those at the Fed bloviate about their toolkit.
In order to convey the narrative that they can actually can fix something,the tool kit narrative was adopted.
Those in the building trades and those in the repair industry usually carry a tool box.
And yes they build things and fix things.
The Politicians and those at the Fed could not lower themselves to those in the trades and those in the repair business,thus the tool box became the tool kit.
The special box ,ie the “tool kit”.
Still conveying the narrative that they actually could fix something.
If you or I were to look inside the toolkit you would find two things.
Ink for the printing presses and oil to keep them running.
Why did we allow this?
I dream of the day when 100% of the electorate writes in “None of the Above” on their ballot forms at an election.
Four years ago I discovered Nicholas Tesla. I asked my self how could someone who attended college twice not know who was Nicholas Tesla?
At that point I took a year off and went looking for answers to your question and many others that I had.
The question now is not why did we allow this but rather what are we going to do to change it.
Only when we are no longer afraid,do we begin to live.
I took small profits on DUST and DSLV today. Lost 12 cents on a DWTI sale. Currently playing USLV, ASM, NUGT, UWTI, NAT, and SVXY.
Tudor Gold Corp. Trenches 30,200 G/T Silver at the New Blast Zone on the Electrum Property
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sept. 12, 2016) – Tudor Gold Corp. (TSX VENTURE:TUD) (the “Company” or “Tudor Gold”) is pleased to announce that blasted bedrock trenching on the Electrum property has expanded the high-grade silver-gold mineralization at the New Blast Zone.
The Electrum project is a joint venture between project operator Tudor Gold (60%) and American Creek Resources Ltd. (40% JV partner). It is located in the Golden Triangle, north of Stewart, B.C., a region known for its dynamic, large scale precious metal exploration and mining activities.
The surface blasting program was started after the completion of the 2016 Electrum drill program, from which complete assay results are still pending and will be released once received and compiled. In total 19 drill holes, totaling 1,406 meters, were completed. A total of 1492 core samples were collected and assayed. Standard sample interval was one meter with 0.25m sub samples collected to test contacts and anomalous intervals. A specialized diamond coring drill was utilized which has the capability to drill flat holes and provides the ability to drill targets of interest with more precision. Low angle drill geometry allows Tudor Gold to take advantage of mountainside geometry and follow the surface exposed mineralization down dip.
Twelve representative specimens were collected across a central vein system on New Blast Zone. It is approximately 5 m wide and currently exposed for 15 meters along strike. The vein system is open in both directions and at depth. The central axis of the vein system is infilled with a fine-grained blackish, blue-grey mineralization. The northern contact of which is a 0.5m wide sharp edged quartz fragments in a foliated sulphide-quartz-carbonate matrix. The sulphides are pyrite, pyrrhotite, with thin galena/silver seams. The twelve representative specimens collected from the structure averages 3,461.92 grams (111.30 oz) silver per tonne and 2.24 grams gold per tonne. An 8 cm wide silver sulphide core seam returned 30,200 grams (1,065.3 oz) silver per tonne.
The following table lists the New Blast Zone results.
Thanks Rick: