A lot of negativity currently for gold might be unfounded
I read over a lot of gold focused articles and newsletters and recently I have noticed an overwhelming negative vibe for the metal. This makes me think that they all might be wrong and gold will break out to the upside. Chris Temple and I discuss this topic as well as the ability for Trump to do just enough to keep money in the market… So what comes next?
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2017-04-04 06:38 ET – In the News
The Globe and Mail reports in its Tuesday, April 4, edition that BMO Nesbitt Burns analyst Andrew Mikitchook, calling Falco Resources’ Horne 5 project “an overlooked” gold development, began coverage with an “outperform” rating.
https://www.youtube.com/watch?v=SXFLZub7DaU
Just sayin’….
Cory:
I agree with your thoughts that the negative sentiments out there on PM’s is a plus. I like the fact that sentiment is subdued. It’s the momentum players and big speculators that usually break the back of bull markets so sit back and enjoy the slow ride. FWIW, Stewart Thompson sounds very bullish: http://www.321gold.com/editorials/thomson_s/thomson_s_040417.html. Incidentally, Stewart would be name that could make for an interesting guest on your program since you have been asking for names. Thanks for today’s discussion.
+1 Silverdollar; Stewart gets it.
https://www.youtube.com/watch?v=H5vHmizNG_Q
Elliotwave
RBC’s Gero: ‘Ignoring Dollar Index Over 100’ Is Constructive For Gold
Allen Sykora – Tuesday April 04, 2017
http://www.kitco.com/news/2017-04-04/Gold-Silver-Precious-Metals-Daily-News-Briefs.html
I think Chris hit the nail on the head with regards to what is involved with the USD being the world’s reserve currency.
It is bad enough seeing on forums, blogs and in articles by so-called financial gurus a lack of understanding of the importance, benefits to the US and the role within the global economy that the USD has as the reserve currency.
As Chris pointed out, it is scary when you hear US politicians talking in terms that it makes it obvious that they also do not understand.
Wrongful manipulation of the USD could plunge the world into a global depression. At worst, it could push economies to a point where their leaders have to go to war. This can be as true for, say, a Venezuela, as it is for China or Russia.
https://www.youtube.com/watch?v=BefMIMYkLag
Susan Rice and Hillary for jail:
Chris and Cory,
I realize we all see things in a different light or perhaps through a different lense. But I get a chuckle when you guys second guess Trump and his cabinet, which happens to be, the most successful and brightest collection of individuals who has ever served the office.
Trumps cabinet has ” been there and done that ” a thousand times over.
I think the question is not so much regarding their abilities as their goals and motives.
I’m looking for, and will call out bad motives. So far, I’ve seen nothing but a good quality context. Eyes always open.
+ 1
Richmond Fed President Jeffrey Lacker resigns abruptly after admitting to leaking information
Pedro Nicolaci da Costa – 6 mins ago
“I further acknowledge that through this and other conversations with the Analyst, I may have contravened the External Communications Policy, which prohibits providing any profit-making person or organization with a prestige advantage over its competitors.” Lacker admits Medley had inside track to him
Medley – Medley Global Advisors LLC (MGA) was founded in 1997 by Richard Medley, former chief political strategist to George Soros.
Negative sentiments come from market manipulation of algos. They can give you positive and negative charts weeks on end. But when it comes down who makes money, it is going to be the “private banking” system with your US politicians help. Beat up the small investor enough time through corruption, then expect sentiment to suck due to an unlevel playing field. Simple answer: criminal theft.
“I read over a lot of gold focused articles and newsletters and recently I have noticed an overwhelming negative vibe for the metal. This makes me think that they all might be wrong and gold will break out to the upside.”
Agreed. I’ve noticed the same thing and reached the same conclusion.
It’s time for some contrarian thinking….
Actually, Chris Powell of GATA sums it up best with:
“Is a little truth telling really out of the question for them — say, acknowledging that gold is a lousy investment because governments and central banks wage desperate war against it and that the way to profit is to invest as coerced by governments and central banks, free markets and human liberty itself be damned?”
http://www.gata.org/node/17288
So we continue to wet a finger and put it into the wind, hoping that the blowhards will go our way for once since 1913.
Corvus drills 32 m of 0.56 g/t Au at North Bullfrog
2017-04-04 06:26 ET – News Release
Mr. Jeffrey Pontius reports
CORVUS GOLD EXPANDS MINERALIZATION AT NEW NORTH JOLLY JANE TARGET, NORTH BULLFROG PROJECT
Corvus Gold Inc. has released results from the first of ……