The New Trend – Yields and Gold Moving Up
Craig Hemke joins me to wrap up today with comments on the relationship between yields and gold moving up together. 2017 was a shift in market and early on in 2018 we are seeing a validation of this shift with yields and commodities breaking out.
Click here to visit Craig’s site for more metals commentary.
Click download link to listen on this device: Download Show
Nice interview Cory!
The Big Picture…in the rearview mirror of hindsight
After the ridiculous and comical events of the past 48 hours, let’s try to end the week by remaining focused upon The Big Picture…namely, that no matter what happens in the markets (that flies directly in the face of my predictions, for years) is that I’m always right, no matter what when all I have to do is spin it differently afterwards in the hope that people with short memories continue to lap it all up week after week.
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And btw…how’s that new website going that you started charging everyone for over a 1 1/2 years ago???
You are a total shill and a shell of one at that. It just goe to show Turd that you’ll say anything for a measly paper $1 while talking out of your ass trying to explain things away or simply just make shit up to cover your ass.
Do you not realize that the majority of people have figured you out at this point and tuned you out?
I guess some people will say anything and keep passing the ass-hat around for a measly $1
lol…..Worth looking at: https://twitter.com/tfmetals/status/957039419684540416
Haze…your bitterness is amazing. Get help.
I won’t throw turd in the middle of the birthday cake. Good interview! Gold and the USD are in a pivotal spot. Next week should tell the story on both.
Too Much purple haze …. Free podcast TFMR Podcast – Friday, January 26
https://www.tfmetalsreport.com/podcast/8796/tfmr-podcast-friday-january-26
A2A with Clif High
Thursday, January 25, 2018 at 2:37 pm
Clif High kicks off the 2018 A2A calendar with a fascinating discussion of the “web bot” predictive technology and its application toward the year to come in cryptos, the metals and more.
Wait.
What?!?
Futures market manipulation and spoofing??
I thought Weiner/Christian/Armstrong/Moriarty/Norcini/Casey/Gilbert all assured us the markets were sacrosanct, free and fair!
I like this monthly Anaconda chart that a contributor over at ceo posted:
@speculator – “$ANX monthly chart tells the best story”
(ANX) Anaconda Sitting on a Gold Mine
Bob Moriarty – Jan 22, 2018
http://www.321gold.com/editorials/moriarty/moriarty012218.html
I mentioned a few days ago that it would be nice to be able to create custom indices easily.
‘Pro’ subscribers at stockcharts can make 30, ‘Extra’ subscribers only a miserly 1 (one!).
http://stockcharts.com/docs/doku.php?st=user+defined+index&id=data:user-defined_indexes
But item #9 at the following link may do the trick (I haven’t tried yet)
http://traderhq.com/10-stock-market-games-to-improve-your-trading-skills/
In any case, there are a lot of good trade simulators listed here.
GH – #9 Yahoo is what I use to build all my customer indexes currently. It’s easy to use. That is how I know what stocks are in the green in a certain sector or subsector, because I’ve loaded every stock into them I can find and track them all with a simple mouse click.
BTW – good list of trade simulators for sure. I get plenty of practice trading every week in real money, but it may be fun to use some of their funny money and set up other trades or try out different strategies that are higher risk on those to how they work out.
Forget the simulators … I need links to stuff that will help me read charts like Doc!
(In the meantime, I watch Ira Epstein)
Mike – I think Gary Wagner does a good job with Technical Analysis and I’ve learned a lot from him over the years:
He Loves a Weak Dollar, He Loves a Weak Dollar Not
January 26, 2018 – Gary Wagner #VIDEO
https://thegoldforecast.com/video/he-loves-weak-dollar-he-loves-weak-dollar-not
Currencies & Gold
SmartMoneyTracker – January 24, 2018
https://blog.smartmoneytrackerpremium.com/2018/01/currencies-gold.html
Gold Stocks Put Options Protect Profits
Morris Hubbartt – Jan 26, 2018
Super Force #PreciousMetals #Video #TechnicalAnalysis
Here’s a piece about a month old from Sid, but I just he should be mentioned as another competent technician.
Precious Metals and Mining Stocks Were Up Big Yesterday. Is the Bottom “In”?
Sid Norris
By Sid Norris – December 14, 2017
CONTROLLED DEMOLITION OF THE MARKETS – DOLLAR, NEXT TREASURIES, THEN STOCKMARKET – GOLD, SILVER & PM STOCKS TO SOAR…
Clive Maund – Thursday, January 25, 2018
Ira Epstein’s Metals Video (1/26/2018)
#TechnicalAnalysis #Gold #Silver #Copper #Platinum #Bitcoin
I Expect An Explosive Move In Gold Reaching All-Time Highs In 2018 (Avi Gilburt)
Jan. 25, 2018 – Brian Bain
Thanks for all the tips, Excelsior … most appreciated!
I do like to catch Gary Wagner on kitco from time to time, although I hadn’t considered subscribing to his service, do you?
Sid was somebody introduce here on KE report, if I’m not mistaken, no? (I’ve looked at his stuff).
I follow Avi Gilburt and have considered Elliotwave Trader service (a little pricey for my wife’s tastes … so haven’t done so until now).
I am trying to understand elliotwave stuff and also follow Andrew McElroy’s commentaries on Seeking Alpha and have also been following Tony Caldero, since learning about him not too long ago: https://caldaro.wordpress.com/
I appreciate your generosity in sharing all the wonderful information that you have acquired!
I forgot to mention Dave Fairtex over at Peak Prosperity, who writes in their gold forum.
Here is his latest commentary:
https://www.peakprosperity.com/discussion/113703/pm-end-week-market-commentary-1262018
Thanks for the other ideas Mike, as I’m not familiar with Dave Fairtex (is he partners with Chris M. ?) Also, not familiar with Tony Caldero or Andrew McElroy.
No I don’t subscribe to any technical service or newsletter writer, but I try to catch most of these guy’s weekend shows, and over the years I’ve learned from each one of them. Most of my best lessons came from the school of hard knocks though.
Mike, as far as I know, the simulators use real market data. So one can get a lot of risk-free practice to polish one’s skills, which is very valuable for a beginner. Also, as Excelsior mentions, it a useful tool for testing new approaches.
Of course, ‘risk-free’ can never simulate the reality of trading perfectly, because one’s emotions are not involved in the same way.
Gold closes the week below $1350. Another failed attempt to hold the $1360-70 region. I hate to say it but it would appear as though gold wants to correct back down next week, as if to further emphasise how strong this resistance is. Hope im wrong but I think the past is repeating again.
Well, that’s why they call it resistance after all 🙂
Cheers!
I read Maunds piece. Another entertaining read if nothing else. He really paints a grim picture for America and I can understand why.
I always take Clive’s pieces with a grain of salt, because he is emotional and sensationalize things, but believe in giving credit where credit is due. Mr Maund is an outside the box thinker, and a pretty good technician, and I’ve learned a lot by following him over the years. Like so many very bright people, he’s a bit of a character. 🙂
Fight the FUD with Crypto Wars — Issue No. 11
January 26, 2018
– Your dose of crypto news and analysis from @BTO and @Goldfinger
https://ceo.ca/@bto/fight-the-fud-with-crypto-wars-issue-no-11
“Demand remains strong” Gwen Preston and Scott Melbye, Executive VP of Uranium Energy Corp (UEC)
Metals Investor Forum – Jan 26, 2018
There were a few times I mentioned Orezone (with 10 million ounces of Gold inferred) looks like a project that would interest a larger mid-tier in West Africa, so glad to hear that they agree towards the end.
However, as mentioned in this interview, they are gearing up to take this into production themselves, now that they’ve cleaned up their resource modeling snafu, the capex required has been lowered substantially, and the NPV and payback period are much better.
Orezone is a very solid West African developer and near term producer.
________________________________________________________________
“Bomboré Project” Eric Coffin and Michael Halvorson Vice Chairman of Orezone Gold
Metals Investor Forum – Jan 26, 2018
For clarity, the larger resource is not part of the current mine plan as it would require a big boy to move that project forward. They are currently just planning to move forward with the smaller oxide resource as their own mine. However, the larger scalability and of their deposit and land package may be a good acquisition target for an Endeavour, or Teranga, or Semafo, or Resolute, or B2Gold, etc…. Heck there could even be a merger with another similar sized company like Hummingbird, or Roxgold.
Excelsior,
What is your opinion on Cobalt?,Brent Cook says he most likely will avoid adding Cobalt explorers/producers in 2018.
“Primary cobalt producers will be on the high end of the cost curve as the vast majority of production is as a by-product from copper and nickel production. Also, we are concerned that evolving battery technology may require less cobalt. We prefer to gain exposure to the growth in electric vehicles’ production via the sector’s demand for lithium and copper”. From Kitco.
And they just raised the the tax on Copper /Cobalt in Congo from 2 to 3.5% (will probably rise to 5%)
Brent isn’t a Cobalt expert and they are jumping on the energy metals train now with Lithium (about 3 years after most of the big moves have taken place) and they like copper, due to it’s importance in wiring. If you had listened to Brent Cook and Rick Rule in 2015 and 2016 you’d have missed the entire ride up in the Lithium sector. I decided to listen to people like Joe Lowry & Chris Berry who actually were experts, and had many multi-bagger returns. (10 baggers in Galaxy and Lithium Americas).
There are people discussing limiting the amount of Cobalt in the supply chain for batteries, but there aren’t commercially available and viable solutions yet.
Most of the Cobalt companies are full of it and just marketing hype, just like in the Lithium or Graphite sectors, however there are real Canadian and Australian companies that offer upside to Cobalt.
Just make sure to get Cobalt advice from people that actually understand that market instead of generalist comments that are often dismissive and wrong.
Lithium, Cobalt Price Run is Sustainable, Says Chris Berry
SmallCapPower – Oct 13, 2017
Is Cobalt The New Lithium? – Disruptive Discoveries Editor
May 8, 2017 w/ Chris Berry
Cobalt Supply is in a “Death Spiral:” Jack Lifton
May 29, 2017
Jack Lifton, Founding Principal of Technology Metals Research, LLC, took the time to speak with SmallCapPower at Mines and Money New York, explaining how he believes recycling is essential to ensure adequate global cobalt supply, yet thinks cobalt could already be in a “death spiral.”
eCobalt CEO Presents at #CTMS2017 “Cobalt: Essential Power…Infinite Possibilities”
June 28, 2017
Why Cobalt? An Interview with Sam Broom
SprottMedia – Mar 27, 2017
“Sam Broom is an Investment Executive with Sprott Global Resources. In this interview, Sam explains why he believes cobalt may be the beneficiary of the anticipated battery boom.”
Chris Berry: ‘Do the Math’ to Choose Graphite, Cobalt Juniors
InvestingNews Jun 4, 2015
Chris Berry Talks Cobalt And Its Role in the Battery Industry
InvestingNews – Jun 20, 2016
Chris Berry: Lithium and Cobalt are Hot, but Watch Nickel Too
InvestingNews – Oct 17, 2017
Cobalt, Vanadium Have a Bright Future, Says Jon Hykawy
SmallCapPower – Dec 7, 2017
“In this interview with SmallCapPower at Mines and Money Americas 2017, Stormcrow Capital President Jon Hykawy explains why he believes we’re at the early stages of vanadium investing opportunities and says there’s still lots of room for growth in the other battery metals but has worries about cobalt in particular.”
Extraordinary Future of Energy (Part 4 – Cobalt)
Cambridge House – Jun 8, 2017
Mike Beck: Cobalt – The Most Supply Constrained Commodity on Earth, By Far
Palisade Radio – Nov 25, 2017
Mike Beck: Nickel, Cobalt, and Lithium to Benefit From Generational Demand Shift in Commodities
Palisade Radio – Nov 21, 2017
Here is a updated #Watchlist of mining companies with some exposure to #Cobalt
Please let me know which ones are missing from the list. Cheers!
#Cobalt Stocks Main Symbol OTC Symbol
AEON METALS $AML.AX
ALDERSHOT RESOURCES LTD $ALZ $ALZTF
ALLOY RESOURCES $AYR.AX
AMERICAN MANGANESE INC $AMY $AMYZF
ARCHER EXPLORATION LTD $AXE.AX
ARDEA RESOURCES $ARL.AX $ARRRF
ARTEMIS RESOUCES LTD $ARV.AX $ARTTF
AUROCH MINERALS LTD $AOU.AX
AUSTRALIAN MINES $AUZ.AX
AZURE MINERALS $AZS.AX $AZRMF
BARRA RESOURCES $BAR.AX
BERKUT MINERALS $BMT.AX
BERKWOOD RESOURCES $BKR
BLINA RESOURCES NA $BDI.AX
BRIXTON METALS CORP $BBB $BXTMF
BROKEN HILL PROSPECTING $BPL.AX
CANADIAN INTL MINERALS INC $CIN $CDNMF
CANADIAN SILVER HUNTER INC $AGH-H
CASTLE SILVER RES INC $CSR $TAKRF
CBLT INC $CBLT
CELSIUS RESOURCES LTD $CLA.AX
CHINA MOLYBDENUM CO LTD $3993.HK $CMCLF
CLEAN TEQ HOLDINGS LTD $CLQ.AX $CTEQF
COBALT 27 CAPITAL CORP $KBLT $CBLLF
COBALT BLUE $COB.AX
COBALT ONE $CO1.AX $CLLTF
COBALT POWER GROUP INC $CPO
COBALTECH MINING INC $CSK $BNCIF
COLLERINA COBALT LTD $CLL.AX
CONICO LTD $CNJ.AX
CORAZON MINING $CZN.AX
CRUZ COBALT CORP $CUZ $BKTPF
DGR GLOBAL $DGR.AX $DGGRF
ECOBALT SOLUTIONS INCORPORATED $ECS $ECSIF
EQUATOR RESOURCES $EQU.AX
EUROPEAN COBALT LTD $EUC.AX $WMNNF
EXPLOREX RESOURCES INC $EX $EXPXF
FIRST COBALT CORP $FCC
FORTUNE MINERALS LTD $FT $FTMDF
GEOVIC MINING CORP $GVCM
GLOBAL ENERGY METALS $GEMC $GBLEF
GME RESOURCES LTD $GME.AX $GMRSF
GOLDEN MILE RESOURCES LTD $G88.AX
GREAT BOULDER RESOURCES $GBR.AX
HIGHLANDS PACIFIC LTD $HIG.AX $HLPCF
HINTERLAND METALS INC $HMI $HNLMF
HORIZONTE MINERALS PLC $HZM.L $HZM
INDEPENDENCE GROUP $IGO.AX
INTERNATIONAL COBALT CORP $CO
INTREPID MINES $IAU.AX $IAUFF
JERVOIS MINING LTD $JRV.AX
JINCHUAN GROUP $2362.HK
KATANGA MINING LTD $KAT $KATFF
KIBARAN RESOURCES LTD $KNL.AX
KINGS BAY GOLD CORP $KBG $KBGCF
LICO ENERGY METALS $LIC $WCTXF
LONGFORD RESOURCES $LFR.AX
M2 COBALT $MC
METALSTECH LTD $MTC.AX
METEORIC RESOURCES NL $MEI.AX
MIDNIGHT SUN MINING CORP $MMA $MDNGF
MONTEZUMA MINING CO $MZM.AX
NORTHERN COBALT $N27.AX
NZURI COPPER LTD $NZC.AX
ORTAC RESOURCES LTD $OTC.L
PIONEER RESOURCES LTD $PIO.AX $PIONF
PLATINA RESOURCES $PGM.AX $PTNUF
POLYMET MINING CORP $POM $PLM
POWER AMERICAS MINERALS CORP $PAM $PWMRF
QUANTUM COBALT CORP $QBOT $BRVVF
RED ROCK RESOURCES PLC $RRR.L
RIVA RESOURCES $RIR.AX
SHERRITT INTERNATIONAL CORP $S $SHERF
SULA IRON & GOLD PLC $SULA.L
SUMITOMO METAL MINING CO $SMMYY
SUNVEST MINERALS CORP $SSS $SRKZF
SUPREME METALS CORP $ABJ
TRIO RESOURCES $TRII
UMICORE $NVJN.F $UMICF
US COBALT INC $USCO $USCFF
VICTORY MINES LTD $VIC.AX
WOLFDEN RESOURCES $WLF $WLFFF
The Congo is a terrible country for miners to operate and the government there is far more worrisome than most jurisdictions. I’m not touching companies in the DRC right now, and feel there are plenty of other companies in Canada and Australia that offer exposure to Cobalt without all the drama.
Congo mining code passes Senate without opposition
Reuters | 3 days ago
http://www.mining.com/web/congo-mining-code-passes-senate-without-opposition/
Why not go for Canada instead?
BRIXTON METALS SAMPLES 16% #COBALT AND 182,065 G/T #SILVER AT LANGIS AND PROVIDES AN UPDATE ON ITS PROJECTS
Brixton Metals Mobilizes Crews for Drilling on its Cobalt Targets in Ontario
by @marketwired on January 9, 2018
https://ceo.ca/@marketwired/brixton-metals-mobilizes-crews-for-drilling-on-its
Heres an alternative view to Clive Maunds exerpt regarding PMs and the dollar. I guess it just illustrates how one can use charts and analysis to suit their bias, whether for or against.
Yes, there are 2 sides to every trade, and Clive gets a bit extreme in his views, but that is his charm. It’s important to look at the considerations and arguements on both sides of ANY trade and to draw one’s own conclusions.
The last Straw……………
https://www.zerohedge.com/news/2018-01-26/california-considers-1000-fine-waiters-offering-unsolicited-plastic-straws