The Dominoes That Need To Fall To Push PMs Higher
Jordan Roy-Byrne joins me today to share his thoughts on the drop in gold and silver. We also look at the overall investing and economic environment to determine what factors need to charge for a more sustainable run in the metals. Focusing on the big picture and understanding it takes time for things to truly change is important for long term investors.
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New Catherine Austin Fitts:
Great report…….always informative……..thanks……
I think she is going to be on usa watchdog Sunday….
Great report ……..informative as always…….
I think she is going to be on usawatchdog..on Sunday
Interesting point on Harvard…..and the endowment ..laundry money world wide….
SLV filled the big 6/6 gap and closed at the 89 day MA today — to the penny…
My guess is that GLD/gold will briefly break uptrend support on Monday.
Jordan is the ultimate contrarian indicator. When he goes full-on bear, the market is about to turn up. Just like now.
After Cobalt-free Pledge, Panasonic to Triple Consumption For Auto Batteries
Reuters | June 14 (Reuters)
“Panasonic Corp expects to more than triple its cobalt consumption in five years’ time, industry sources said, even as the company aims to develop cobalt-free automotive batteries in the near future.”
“Panasonic is the exclusive battery cell supplier for all new Tesla vehicles, including the mass-market Model 3 electric car. Sources say cobalt-free batteries are many years away.”
“The scramble to secure supplies of cobalt, which stabilizes and extends the life of lithium-ion rechargeable batteries used to power electric vehicles, has seen prices rise to around $40 a lb from below $10 a lb in December 2015.”
http://www.mining.com/web/cobalt-free-pledge-panasonic-triple-consumption-auto-batteries-sources/
Virginia wake up call to Homeless Shelter from a Macy’s Mall…..may as well call it Messy Mall For the Homeless.
https://www.zerohedge.com/news/2018-06-15/abandoned-macys-now-homeless-shelter-housing-its-former-employees
Considering how bullish the Fed is on rate rises I am amazed that mining stocks have not yet collapsed. I suspect that they will.
You shouldn’t be amazed, Bob. The two often rise together. There were many rate hikes while the gold miners rocketed higher during the last decade and the same was true in the big bull market of the 1970s.
These sort of gold and silver crashes don’t usually happen when precious metals are in bull markets. They happen when gold and silver are in bear markets (e.g. 1980s-1990s).
I want to jump ahead to next month’s inflation report. With all these tariffs getting thrown around we have to see that kick up some dust. After listening to earnings calls last quarter, companies like CAT, caterpillar, really sounded cautious about upcoming inflation/political drama.
As US tariffs go into effect, Europe, Canada and Mexico strike back
“The European Union and Canada have challenged the US steel and aluminum tariffs at the World Trade Organization. Canada and Mexico have also announced retaliatory tariffs on billions of dollars worth of US goods.”
http://www.dw.com/en/as-us-tariffs-go-into-effect-europe-canada-and-mexico-strike-back/a-44028802
https://www.sprottmoney.com/Blog/bring-it-on-eric-sprott-weekly-wrap-up-june-8-2018.html