Ronald-Peter Stoferle – Why he has some of the highest forecasts for gold
This is the extended version of segment 8 on tomorrow’s weekend show. When chatting with Ronni we reference the top charts from his firm’s Gold Report. You can see these slides below.
Click download link to listen on this device: Download Show
Just to be transparent here I think it should be noted that Mr Stoferle’s “article” was sponsored by gold and silver companies as well as Tocqueville in NYC. Although there might be some sound analysis here, it should be cited as an advertisement, no?
The partners are disclosed boldly on page 3 of the 50 page presentation. I don’t need any more transparency than that.
I just had hoped that they would have disclosed this in the interview. Maybe I missed it?
Oh, I see.
Sorry that it’s an ad for Riverside, but it’s worth watching/listening.
More pumping here.
This type of crap should not be on this blog.
Cory, you need to filter this garbage out.
He said too many things that need to be corrected but I don’t have all day.
Don’t take this road
It would be far more constructive if you would show us where the report is wrong. I welcome such info since I know I can consider it without being hypnotized.
It is not “garbage” at all, Cory.
I agree,Matthew
So do I.
Add me to the list as well. I looked over most of the slides and most of what I saw as far as the charts, and historical events were on target and well-documented. The quotes interspersed were great thoughts and had no pump, except pumping wisdom.
I liked slide #41 best.
In Ronald-Peter-Stoferle’s audio, I also like his target of Silver at $42 longer term. I can dig it.
Thank you James,for not having all day to bring all of your usual noise.
Why shouldnt it be on the blog?
If kitco started saying gold mining is unnecessary and bad for the environment, how long would the kitco site stay in business?
Course alot of people wouldnt care, but still, kitco could lose advertisers.
Pumping or not, interviews like this is a big source of info for investors.
The public participation phaze, maybe,…. I dont know anyone interested in PMs.
Bitcoin is getting play on msm now, the young generation prefers technology I think.
They like those big college debt/loans too.
Thanks Cory for the info
It could be many weeks before the silver-gold ratio makes a new high (or the gold-silver ratio makes a new low):
http://stockcharts.com/h-sc/ui?s=SLV%3AGLD&p=W&yr=3&mn=8&dy=0&id=p53730253971&a=479600340
the ratio of gold to silver is irrelevant
James, it appears that all facts are irrelevant to you, but you should know by now that the miners do best (by far) when the silver-gold ratio is rising and are at their worst when it is falling. Haven’t you noticed that SLV:GLD has had its best move in years while the miners have had one of their best moves in decades?
See for yourself:
http://stockcharts.com/h-sc/ui?s=SLV%3AGLD&p=W&yr=7&mn=3&dy=22&id=p47394317332
Where are the Hunt brothers when we need them?
They’re out there. The U.S. had only 13 billionaires in 1982 and, according to Forbes, there was 140 in the world in 1987. Today, there are 2,473 globally.
https://www.rt.com/business/355221-billionaire-world-number-growth/
The prospects for silver could not be better but it is always hardest to believe such things when it’s most profitable to do so — before the price confirms it.
Great last statement there Matthew.
Nelson Bunker Hunt is as dead as silver.
Now JP Morgan has the market covered and they will keep it down, no matter how many ounces they have.
Nelson had a fine thoroughbred operation he had to sell off after silver bankrupted him.
HE WAS BETTER OFF STICKING TO HORSE THEN TRYING TO BEST SILVER.
Another silver loser bites the dust.
Auto type a/b cornered not covered and beat not best.
Although nobody can BEST silver either
Silver the worlds worst investment
I wonder what Nelson would say now
James, the things you say are so bizarre that I sometimes wonder if you’re just playing with us.
Filling a vacuum, maybe?
The ‘opinionated to informed’ ratio is rocketing, I’m just not sure how to play it. 😉
Well, when the opinionated give silver an “F” you should probably max out your heloc and borrow from friends and neighbors to buy as much silver as you can. 😉
😉
You guys are great. GH this line made me smile too:
“The ‘opinionated to informed’ ratio is rocketing, I’m just not sure how to play it.”
Yes, indeed maybe bizarre, but I enjoy reading.
Anyhow, if silver can hold say $16, don’t have chart in front of me and haven’t studied it in awhile, then I would say it remains positive.
Metals are in correction and I see Large Specs just added 32,000 gold contracts long, after Small Specs added last week and it appears they sold to the large specs. Good luck. Still in correction and with the SPX back up to the highs, I don’t see much fear in the system
Richard I agree with your comment about not seeing much fear in the system. This is why the VIX is bottom dwelling, and most investors are on auto-pilot assuming things will just stay like this forever, and that the general markets will not really correct again in a meaningful way. It is this kind of complacency that breeds an extreme move in prices to the surprise of the talking heads in the media and the retail crowd. It is likely that initially it would be a “sell everything” event, but the metals and miners would likely recover faster, and suddenly be seen as a way to diversify some money out of the general markets and Wall Street casino.
We saw that same thing play out in 2008/2009. Initially it was a sell everything event, but the metals/miners/ and some commodities moved up early on and led the charge.
Excelsior, Cannot disagree at all with that.
One more on general market, the retail guy is NOT there to hold the bag. So when leverage unwinds, it is going to unwind against itself, i.e. hedge fund to hedge fund, HFT or whatever.
Mutual funds are back in with 3.2% cash in August vs. 3.3% in July, down from 5+% in January.
I don’t know what to say about the VIX. Today 12 tomorrow 17, the next 11??? To me this proves a lack of liquidity and a missing retail trader.
I was actually bearish the USD several months ago, but with this consolidation, I must allow the bullishness to work itself off. Looking for test of the January highs. A failure here or below here may result in a bearish trend and the beginning of the next bull leg in the metals.
I agree, the FEDs and US want a weaker USD. They need it. Oil and gold have both indicated a potential weaker USD in the future.
I thought you were busy,James ,(buying NUGT and holding it for decades)
Pete, lol…I won’t hold it for decades, but if gold goes up so should Nugt, regardless of the vehicle.
Yes it’s easy to say sell stop, but i didn’t need a sell stop to sell if I wanted to.
Gold was ready to go, and they slammed it again.
It’s not really about sell stops
Ok,James, don´t let “they”and the the dark forces get you 😉
Another look at commodities vs gold:
http://stockcharts.com/h-sc/ui?s=GCC%3AGLD&p=D&yr=7&mn=0&dy=0&id=p67417549666&a=479694081
If my info isn’t out of date, GCC is modeled after the old CCI index, which was less heavily weighted to oil.
I guess gold is immmune to corruption fraud and abuse.
You might want to get up to speed on your current events.
You heard of obamazombies
I am glad I got to coin the phrase matthewzombies
Pete you are the first member
That’s an idiotic thing to say, James. You really should attempt to make coherent and rational arguments instead of just making a fool of yourself (over and over and over again).
Wow,first member,thank you James 😉
Nelson bunker hunt is dead – nothing bizarre about that
As silver – silver is struggle to hold on to $19, it’s like 60% below it high after 5 1/2 years
Hardly hitting the ball out of the park, nothing so bizzarre about that
JP Morgan has cornered the silver market – nothing bizarre about that
First they were short, they covered, now they are buying silver supposedly, hardly a bizarre statement
Me.som had a fine thoroughbred operation – very true, had some fine runners and won an eclipse award, nothing bizzarre about that
Had to sell it after silver bankrupted him Another true statement nothing bozzarre there
He was better off sticking to horses, again true statement, he was very successful in the thoroughbred breeding business
Another silver loser bites the dust very true
He lost big on silver and is in the dust another factual statement
So just what is it that’s so bizarre?
Pete, since you are a Matthewzombie do you want to answer for him?
James-
I think you bring up interesting comments. That is why I said, bizarre maybe. You bring up points that others are not thinking about. That may be, for lack of better words, where bizarre enters.
Your points are true, and I realize your ratings structure since you clarified it several posts back. I enjoy your posts.
Back to silver, I will lower my rating if it falls below $16. Right now, obvious correction, whether it will resume higher, undetermined. My upside objective is $25 before years end.
James, your negativity on every little pullback is what’s completely bizarre. Silver is doing extremely well this year at +40% and I have zero concern about it continuing to do well once this correction is over. There is simply nothing technically or fundamentally that warrants assigning silver an F.
To be so emotional (irrational) should be embarrassing to you.
I give an “F” grade to JTL’S grammar.
It is also bizarre that you feel like calling Nelson Bunker a silver loser for being bankrupted by the Fed arbitrarily changing the rules on every silver bull like a bunch of five-year-olds.
Stick with horses if you can’t take responsibility for your investment decisions. Like I said days ago, you get the F, not silver.
Here’s another bizarre one, James. I said that the Dow remained unremarkable and you said: “as does gold and silver, only worse, much worse.”
What planet are you on?
I hear sideways to down, but my juniors are hanging tough
Same here, mine finished almost 5% higher today.
I just checked the full lists of Silver miners, Gold Mid Tier producers, Gold Small producers, Gold Development, and Gold Explorers and they were very evenly dispersed between loser and gainers (about 50/50 actually). Overall though, many miners have pulled back across the board from their July or early August highs. However they’ve trended sideways in a consolidation pattern the last two weeks and have been rather resilient.
It will be interested if we get the next leg up out of this sideways whipsaw, or if the metals and miners do break down. I’d prefer another leg higher, but if we get a breakdown, I’ll add to my favorite positions.
What is interesting to me is how many pundits, and interviews, and investors said that they were hoping for a good pullback, and then when we start getting a pullback people throw in the towel and say the bull move is over. In my opinion, it is just getting started and will last for years, not just months, so weakness should be capitalized on.
I found these slides fascinating actually. Certainly worth reading…
Very interesting to see Gold’s annualised gain of 10% since 2001.
At least with London closed now there is no immediate reason to attack PMs for a while.
And with silver not being hit as badly as gold is further indication London is short of physical silver.