Christopher Aaron – A blend between fundamental and technical analysis
A new guest to the show Christopher Aaron, Founder of iGoldAdvisor.com shares his views on the gold market. Christopher uses a blend of fundamental and technical analysis when looking at the gold sector so to avoid being stuck with one opinion during different market cycles.
Click here to visit Christopher’s website.
Click download link to listen on this device: Download Show
+1
I am planning on having him on the show guys. I liked a lot of what he had to say.
Please email me with any other guests you would like to see on the show.
Agreed Silverdollar. It is nice to get some fresh insights and Cory I appreciate you seeking out new contributors for the show. Good stuff!
I agree … I have been following iGoldAdvisor channel for quite a while and Christopher’s charting style is one of the most visually easy (for me) to grasp. I’m glad to see him getting some exposure here for anyone who may not have heard before (or, more importantly, have not seen his youtube channel where he posts his charts and analysis: https://www.youtube.com/channel/UCjG_4Kg7ZWWs8o7EnfnDc9Q).
Thanks, also, for you folks who share links, such as Ira Epstein, who I had not been following up til now.
A great community here!
Greg Mannarino
WASHINGTON (AP) — The Trump administration issued a stern warning to U.S. companies as they began applying for coveted skilled-worker visas Monday, cautioning that it would investigate and prosecute employers that overlook qualified American workers for the jobs.
Ted Cruz on Neil Gorsuch……attacks democrats…
https://www.youtube.com/watch?v=B3Oll9CZUsU
Having given reasons to be bullish on oil,
(Libyan turmoil and Saudi cut-back to boost Aramco sale),
I am turning bearish on oil due to the supply which will appear from the Baaken through the Dakota pipeline, which is currently filling.
After analyzing fundamental numbers, supply, demand, storage capacity, etc., it appears to me that while oil in Europe may be flat in price, WTI has to begin to drop in April and be down in price by May.
I just am a fundamental numbers person, not a technical analyst.
2 cents.
My technical analysis agrees with you CFS.
Short squeeze in the making. or not.
James Turk is out saying short squeeze in gold in on the way……….KWN.
Gold to skyrocket……..(or not)
James Turk – A Massive Short Squeeze Is About To Send Gold Skyrocketing
Today James Turk told King World News that a massive short squeeze is about to send the price of gold soaring.
http://kingworldnews.com/james-turk-massive-short-squeeze-send-gold-skyrocketing/
MTF:
Part of the reason all the guys who have called for a coming short squeeze in gold are wrong 100% of the time is they don’t understand the nature of the gold market. There is a 70 year supply of gold above ground so of all commodities, there is the most gold relative to demand and due to advances in mining and milling technology, half the gold ever produced has been produced since 1975.
It would be wonderful to believe the laws of supply and demand no longer work but it’s just not so.
as I said……..(or not).
Turk has been more wrong than correct over the last 10 yrs…..jmo
OOTB:
That’s a very nice way of putting it.
Rand Paul: Rice Should Testify Under Oath If Obama Ordered Her To “Unmask” Trump Team
“Susan Rice needs to be asked did President Obama ask her to do this? Was this a directive from President Obama? I think she should [testify] under oath, did she reveal it to The Washington Post. Is there a possibility that Susan Rice was politically motivated? They were illegally using an espionage tool to eavesdrop or wiretap on the Trump campaign.”
MTF:
Who cares if he ordered it or not? There is something called plausible deniability and they can lie through their teeth and the FSM will say Trump make it up. The significant issue is that he was wiretapped by the Obama administration and unmasked so the information could be sent out to 16 other agencies knowing someone would blab to the media. I hope all those traitors are unmasked and sent to prison for a long long time and I’m not a giant Trump fan.
Ditto…….on the….” traitors……..and sent to prison”
Right on! And the Clintons should be in jail too for charity fraud.
Adamera receives over $670,000 from Warrant Exercise
Vancouver, British Columbia / TheNewswire / April 3, 2017 – Adamera Minerals Corp. (TSX-V: ADZ) reports that the Company has received $672,260 from the exercise of warrants that expired on March 24, 2017 and March 30, 2017. Over 82% of these warrants were exercised prior to the expiry dates. The funds received from the exercise of these warrants will be used for the upcoming drill program in the Company’s Cooke Mountain project. The current cash position of the company is approximately $1,077,000.
I have waited for this for many years.
In silver, it appears to me we have a Clash of the Titans: The Bullion Banks Vs. the Hedge Funds.
Historically this fight is won by the bullion banks, because of the fine print on the COMEX.
Anyone fighting the massive shorts by the bullion banks on the COMEX really has nothing to win, until after the COMEX blows up and prices rise rapidly for the physical.
If the COMEX “blows up”, it will simply settle in cash; not physical metal. This is a no-win situation for someone fighting the bullion banks.
As of today’s close:
n silver, the total open interest ROSE BY ANOTHER 4850 contracts UP to 216,372 despite the small rise in price ( 5 CENTS) from Friday.
The Hedge Funds appear to be adding to their long positions while the Bullion Banks are trying not very successfully to cover their shorts.
In ounces, the open interestI is represented by just OVER 1 BILLION oz 1.082 Billion oz or 154% of annual global silver production (ex Russia & ex China).
Normally as Bullion Banks increase their shorts and drive the price of silver down, the longs are forced to cover. So far this is not happening in silver, thus either the Hedge Funds or a Sovereign nation might be trying to blow up the COMEX.
This time, I think I sense something different…. Just my own CFS opinion.
I find it slightly interesting this is happenning when China might not seem to be paying attention because of Ancestor’s Day.
2017-04-03 07:17 ET – News Release
An anonymous director reports
SANDSTORM GOLD ANNOUNCES RECORD GOLD PRODUCTION IN Q1 2017, RENEWS NCIB
Sandstorm Gold Ltd. sold approximately 15,500 attributable gold equivalent ounces during the first quarter of 2017, a record for the company. The attributable gold equivalent ounces were generated from 20 streams and royalties.
In addition, the Toronto Stock Exchange has accepted the company’s notice that it intends to proceed with a normal course issuer bid (NCIB) in accordance with TSX rules. Under the NCIB, Sandstorm may purchase up to 7,597,730 of its common shares, representing 5 per cent of the company’s issued and outstanding common shares of 151,954,615 as of March 22, 2017.
Purchases under the NCIB may commence on April 5, 2017, and will terminate on the earlier of April 4, 2018, the date that Sandstorm completes its purchases pursuant to the NCIB as filed with the TSX, or the date of notice by Sandstorm of termination of the NCIB. All purchases under the NCIB will be executed on the open market through the facilities of the TSX or alternative Canadian trading platforms and will be made at the market price of the common shares at the time of acquisition. The purchases will be financed by Sandstorm’s working capital and any common shares acquired by the company under the NCIB will be cancelled. Sandstorm’s average daily trading volume on the TSX during the last six calendar months was 521,645 commons shares. Daily purchases will not exceed 130,411 common shares, subject to the company’s ability to make block purchases under the rules of the TSX. The company has purchased 619,999 common shares pursuant to an NCIB in the last 12 months at a weighted average price of $4.938 per common share.
The NCIB provides Sandstorm with the option to purchase the company’s common shares from time to time when Sandstorm’s management believes that the common shares are undervalued by the market.
About Sandstorm Gold Ltd.
Sandstorm Gold is a gold streaming and royalty company. Sandstorm provides upfront financing to gold mining companies that are looking for capital and, in return, receives the right to a percentage of the gold produced from a mine for the life of the mine. Sandstorm has acquired a portfolio of 155 streams and royalties, of which 20 of the underlying mines are producing. Sandstorm plans to increase and diversify its low-cost production profile through the acquisition of additional gold streams and royalties.
Thanks CFS for this post. I haven’t had a chance to check my email or review press releases today, and it was nice to get this Sandstorm update. Much appreciated.
What does this graph say about the US economy, and what happens at MZMV < 1
https://fred.stlouisfed.org/series/MZMV
Just asking……
Or how about this chart of how much State Dept each citizen of the 50 US states carry as a burden:
How Much State Debt Rests on Your Shoulders?
JEFF DESJARDINS on April 3, 2017
http://www.visualcapitalist.com/much-state-debt-rests-upon-shoulders/
Dept = Debt
I think Trump is getting bad advice!
White House Officials Offer Change To Health Care Bill
By ALAN FRAM – Associated Press – 25 minutes ago
WASHINGTON (AP) — White House officials hoping to resuscitate the failed House Republican health care bill are offering a change in hopes of winning support from conservatives who helped derail it.
Vice President Mike Pence and two top White House officials met late Monday with members of the hard-line House Freedom Caucus. White House chief of staff Reince Priebus and budget chief Mick Mulvaney were also there.
A meeting participant says the officials offered to let states apply to the federal government for waivers from insurance coverage requirements that President Barack Obama’s 2010 health care law imposed.
These include a requirement that insurers can’t drop sick people. Conservatives complain these requirements drive up premium costs.
Alas, I fear the Peter Priciple is working.
Great comment posted at TF Metals Report –
Obamacare Replacement is simple – just remove the HOOKS!
Submitted by tedc on April 2, 2017 – 11:53am.
The “Hooks”!
There is an expression “Get your hooks into someone” that means “Get someone and keep them in a situation that is bad for them”. See -MACMILLAN DICTIONARY
The “Hooks” that health insurance carriers utilize to brainwash people into thinking they need expensive health insurance are based upon the FEAR of artificially inflated Medical & Rx claims and Catastrophic Healthcare claims!
This Foundation of TRUMPCARE should put The People first and eliminates the “HOOKS”!
1. DISCOUNTED FEE SCHEDULE – instead of paying artificially inflated Medical & Rx prices – simply allow every US citizen (under age 65) to utilize the existing Medicare Participating Provider Network and pay Medical & Rx claims upfront based upon the Medicare DISCOUNTED FEE SCHEDULE pricing which is approx. $.10 – $.60 cents on a dollar. (There is NO cost to the US Govt. or US citizens to offer and receive Discounted Fee Schedule pricing. Also, individuals would save $3000 – $10,000 in Obamacare premiums and $5500 -$7000 in Deductibles annually – which could be used to self-insure future Medical & Rx claims!)
2. CATASTROPHIC COVERAGE – the US Govt. would also provide every US Citizens (under age 65) with FREE CATASTROPHIC COVERAGE after incurring $20,000 in DISCOUNTED FEE SCHEDULE claims during a calendar year. This coverage would be purchased by the US Govt. from one or multiple Stop-Loss Insurance Carriers competing nationwide. The claims for the CATASTROPHIC COVERAGE and the DISCOUNTED FEE SCHEDULE components of TRUMPCARE would be coordinated. (The probability of and individual, under age 65, incurring greater than $20,000 in annual claims at Medicare Discounted Fee Schedule pricing is low and should be reflected in the cost to the US Govt.)
3. OPTIONAL FEE SCHEDULE SUPPLEMENTS – US Citizens and Employers (for employees) would also have the option of purchasing standardized OPTIONAL FEE SCHEDULE SUPPLEMENTS in the Private Marketplace to reduce their individual DISCOUNTED FEE SCHEDULE exposure from $20,000 to as little as $1,000 annually. Regional Health Insurance Carriers would also be able to utilize the existing national Medicare Participating Provider Network and DISCOUNTED FEE SCHEDULE pricing – enabling them to compete nationally! Claims covered by the OPTIONAL FEE SCHEDULE SUPPLEMENTS would be coordinated with the CATASTROPHIC COVERAGE and DISCOUNTED FEE SCHEDULE components of TRUMPCARE. (Ex. Standardized Plan A – Discounted Fee Schedule Coverage from $1000-$20,000, Plan B from $2,000 – $20,000, Plan C from $3000-$20,000 etc.)
*Discounted Fee Schedule and Catastrophic Coverage – allows Employer Groups multiple options of providing Group Health Insurance for employees! In addition to Employer Groups being able to purchase Group Optional Fee Schedule Supplements – they would also have the options of self-funding employee claims or making HSA contributions to employees who wish to self-fund their own Medical & Rx claims. The days of Employer Groups being “held hostage” by health insurance company rate increases would be over under TRUMPCARE!
4. SUBSIDIES – OPTIONAL FEE SCHEDULE SUPPLEMENT plans may be subsidized by the US Govt. for Low Income and Disabled (under age 65) not currently receiving Medicare or Medicaid. Providers would also be allowed tax deductions to write-off unpaid DISCOUNTED FEE SCHEDULE claims.
5. MEDICAL MANAGEMENT – Catastrophic Claims Utilization Management, Medical Utilization & Pricing Management, Rx Utilization & Pricing Management, Provider Regulation Reductions, Tort Reform, Health and Wellness Incentives etc. would be implemented within TRUMPCARE to control and reverse rising healthcare costs.
tedc….. Excellent
Submitted by Docdhj on April 2, 2017 – 12:32pm.
Tedc
Your post is excellent! I have forwarded your post to “The Powers That Be ” in D.C…. I hope they listen more to you than they have those of us that have tried to promote true Free Market Reforms rather than trying to “Tweek” the Obama Care dead horse.
Dave
http://www.tfmetalsreport.com/podcast/8250/must-listen-audio-dr-dave-janda#comments
https://www.youtube.com/watch?v=GSxUb79Zlgs
Epstein End of Day TA.
The Goddard report:
Myth Busting: Rising Dollar and Interest Rates Are Not A Crux For Gold
Apr 03, 2017
Guest(s): Maxwell Gold Director: Investment Strategy: ETF Securities
“Gold erased early losses Monday to head higher mid-afternoon and start the second quarter in the green. However, while some analysts argue that a stronger greenback and rising rates will hinder gold’s rise, Maxwell Gold, director of investment strategy for ETF Securities, says not so. Speaking with Kitco News on Monday, Gold looked to bust some myths on the yellow metal. ‘Gold and the US dollar historically exhibit a persistently negative correlation since 1976 but this relationship is neither perfect nor permanent,’ he said. ‘Looking at shorter time frames, however, suggests that there are potential environments in which gold and the USD can both move higher.’ Most notably, Gold said, this occurs in periods of heightened turmoil which increases both the demand for defensive assets including gold and the dollar, as was the case in 2008. Gold added that the perception that rising rates spell doom and gloom for metals is not as clear cut as many presume. ‘Over the last 40 years, there have been 10 major rate tightening cycles by the Fed during which the performance among metals during these periods, however, was mixed,’ Gold said.”
could be because the “cycles” where not aligned …….jmo
I think he made some good point that Gold and the US dollar can both rise in an environment where real rates are still negative and up through the interest rate tightening cycle until real rates are around 2%. That is what we’ve seen in the past, and Gold has risen after the last 3 Fed rate hikes. For some this is counter-intuitive, but we’ve reviewed this point on the KER a number of times. If inflation is rising and real rates are negative or low, then the Precious Metals thrive in that kind of environment.
SAN DIEGO (AP) — One potential bidder on President Donald Trump’s border wall with Mexico wanted to know if authorities would rush to help if workers came under “hostile attack.” Another asked if employees can carry firearms in states with strict gun control laws and if the government would indemnify them for using deadly force.
With bids due today on the first design contracts, interested companies are preparing for the worst if they get the potentially lucrative job.
A U.S. official with knowledge of the plans who spoke on condition of anonymity because the details haven’t been made public said four to 10 bidders are expected to be chosen to build prototypes.
They will be constructed on a roughly quarter-mile (400-meter) strip of federally owned land in San Diego within 120 feet (37 meters) of the border, though a final decision has not been made on the precise spot, the official said. The government anticipates spending $200,000 to $500,000 on each prototype.
The Border Patrol and local police would establish a buffer zone around the construction site if necessary, the U.S. official said. The San Diego police and sheriff’s departments said Monday they will respect constitutional rights to free speech and assembly for any peaceful, law-abiding protesters.
DOLLY VARDEN’S BIG BULK PROJECT WILL BE FLOWN FOR A ZTEM GEOPHYSICAL SURVEY IN CONJUNCTION WITH HECLA’S KINSKUCH PROJECT
Mar 27, 2017
“Dolly Varden Silver Corporation (DV) (DOLLF) is pleased to announce that they will be participating in an airborne ZTEM geophysical survey in conjunction with Hecla Mining Company (HL). The survey will cover Dolly Varden’s Big Bulk Project and Hecla’s Kinskuch Project in northwestern British Columbia, Canada. Hecla will serve as operator for the geophysical survey, which will be conducted by Geotech Ltd.”
Anfield Resources Announces Resource Report for First of 24 Uranium Projects in Wyoming
(Marketwired – April 04, 2017) –
“Anfield Resources Inc. (ARY) (ANLDF) is pleased to announce the receipt of an NI 43-101 mineral resource technical report for the Red Rim uranium project…”
Corey Dias, Anfield’s CEO stated, “This report is a significant first step in identifying and delineating the uranium resource on the Company’s properties in Wyoming, an important part of our multi-state U.S. portfolio. Over the coming months we aim to delineate further uranium resources on our acquired Wyoming properties and plan to identify the most prospective. Crucially, Anfield has a Resin Processing Agreement in place with Uranium One in Wyoming whereby it can process up to 500,000 pounds of uranium per year at Uranium One’s Irigaray Central Processing Plant, and the pairing of a future viable uranium resource with that Agreement would place Anfield in a strong position to take advantage of the expected uranium price rebound.”
Bye bye global warming. Hello..global..worming…
The globalist can of worms has tipped over…..
http://thepoliticalinsider.com/judicial-watch-sues-obama-global-warming-documents/#ixzz4dDg1F9v5
EXK getting a bit of a pop, finally, after getting pummeled over the last couple of months. Pump n’ dump or the beginning of the beginning?
The weekly Ichimoku cloud and GH’s chart got me thinking that if the gold mining sector is going to start a new upleg, it will probably start at or before June.
EXK was way oversold, and the sell-off due to their Q4 earnings miss was very exaggerated. It was due for a bounce back recovery. Endeavour Silver is a solid mid-tier miner, and while I normally steer clear of the larger companies, their valuation was too attractive for me not to position in it over the last few weeks. Glad to see its clawing it’s way back up into Silver’s strength.
Endeavour Silver green-lights construction at El Compas
SALMA TARIKH MARCH 29, 2017- Northern Miner
http://www.northernminer.com/news/endeavour-silver-approves-construction-el-compas/1003784978/
Here’s a GDXJ chart with fibonacci time zones. I don’t find this the most reliable tool, or maybe I just haven’t mastered it yet, but the confluence of two lines at the end of this month, and three lines in July is interesting.
http://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=8&mn=0&dy=0&id=p88050520869&a=512026479
Amazon……$100 in stock price increase, could make Bezo the riches man in the world.
zerohedge. (of those who like to have their name in the public eye)
this should make Rick A’s day…….. 🙂
Subprime auto loans next on the agenda of…….PROBLEMS…….
Is there any Silver in a Chevy Silverado
Lots of plastic.
So Chris, you worked at the National Geospatial-Intelligence Agency in Virginia next to the Fairfax County Criminal Justice Academy?
My bad, looks like they moved you to Springfield. CIA is not there either. lol 😉
It’s always good to get some more opinion from different people. Christopher has some good and different angles on the subject of gold. Thanks Cory for bring him on the show……….