Well let’s see the Euro is up against the U.S. dollar as is the British pound. The DJIA is up triple digits again today. Do you still think that in the short term, “this too shall not pass”
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We still maintain that “this too shall pass”. Certainly, “the chickens will eventually come home to roost”. There is absolutely no way that will not happen, but certainly not today!
You are one of the very best out there rick!Thanks buddy
Big Al has got morality and standards. He will vote for Trump.
I love Big Al!
The words morality and Trump don’t go together.
Is this the same Donald Trump that is responsible for creating thousands of gambling addicts because of all the casinos he has built? The same Trump who bragged about his “experiences” with married women in his own book?
Lick Hillary’s boots again? OMG a man who like hot, sexy women…
No Al, I’ve never posted any questions to Rick about his projections. I do remember reading the post with the question you mentioned though.
The question was posed by “James the Lessor” on the 27th. FWIW I’d prefer to be confused with Matthew or Excelsior. LOL
😉
3rd line of Rule Britannia folks:
To remove ambiguity,
Last line of the poem on which the song was based.
I think in the near to intermediate term Mr. Big Al Korelin is right.
For one thing, there is still a lot standing in the way of a Brexit. There’s a good chance it never happens. But even if it happens it is going to take years.
And I think the PTB can keep this crack addicted market and ponzi scheme economy limping along at least through November.
My guess is that the SHTF at the earliest some time next year, maybe the year after.
I think the message on the EU referendum is – NEVER take democracy for granted. But secondly, if the EU referendum was the source of wild currency instability enough to perturb markets in Asia, then July is the time we should be looking for something like this:
Excelsior, here’s a company in Spain and Portugal using modern technology.
Medgold
Not a purchase recommendation.
Thanks CFS. I’ll check it out, and have in interest in companies that are utilizing new technology to improve efficiencies on prior mining hot-spots.
I also wrote you back on yesterday’s Market Wrap on the 3 companies you discussed.
Out of curiosity and in a different sector – do you still hold shares in Lithium Americas Corp? It looks like they’re making another attempt at taking out the overhead resistance zone, but it has been a very fun free ride position for me.
It is important for the longer term for (LACDF) to break definitively above the $.814 barrier, and then $.866, and finally $.935. We’ll see how things progress, but once those are in the rear-view mirror, then the real fun can begin.
Much appreciated and best of luck in your investing.
Woops – here was the chart I meant to post along with that last paragraph.
http://stockcharts.com/h-sc/ui?s=LACDF&p=D&yr=5&mn=0&dy=0&id=p36317982602
Yes I still hold. I always hold for a long time, unless I see stupidity in management.
I’m not looking at lithium right now much, but am about to look at uranium again.
Yep – I’ve been a buyer of Uranium stocks over the last few weeks on the days where there’s been extreme weakness. Good value and a lot of upside….
What are your thoughts about UEC, if any? Also, yesterday on the wrap you made a comment about JAG being a 10 bagger. I’m curious from what price point? $.07 or the $.30-35 range of this week.
Hi Silverdollar.
Yes, I saw your question about Jaguar Mining on yesterday’s market wrap and I wrote back a very lengthy response near the bottom of that blog. Brevity is not my strong suit 🙂
* Rather that repost all that on this blog, I’ll just link back to that KER show here.
http://www.kereport.com/2016/06/28/important-man-world-true/
As for UEC, yes, I’m a big fan and have discussed it regularly over the last 2 years, and hold a nice position in it currently. Here are the positives as I see them:
1) Great CEO with Amir Adnani. He hangs with Rick Rule, Marin Katusa, Doug Casey, Gwen Coffin, etc… Success breeds success.
2) I like their “Hub & Spoke” strategy in Texas where they are moving along all their exploration, permitting, and development at all the different assets that surround and will feed their processing center in the middle.
3) They have produced very little Uranium, as they are saving their assets for when it is more economical to do so, making them an optionality play of sorts.
4) UEC has much better liquidity than many of the Uranium companies, which is refreshing to see.
5) Insitu mining is a lower cost Uranium extraction method, is more friendly to the environment, and I like companies like Energy Fuels, Ur-Energy, and soon Uranium Resources that are deploying Insitu mining.
6) They put out regular information, promote their company well, and when Uranium starts to really move, I expect this stock to move up substantially.
________________________________________________________________________
Here is a good audio interview from Palisade Radio featuring Amir, and he does a very good job of unpacking the supply/demand in nuclear energy, the mining space, and highlights the strengths of UEC.
Amir Adnani: Opportunity in Uranium is the Best in Decades
Jun 9, 2016
Uranium Energy Corp – Production, Acquisitions, & Strategic Investors ! ! !
May 9, 2016
Amir Adnani the CEO, President and Director of Uranium Energy Corporation (UEC), discusses the current state of Energy at the Oxford Club Investment U Conference. Natural Resource Investors will note the strategic moves that UEC has recently made in:
Management – Former Sec. of Energy Mr. Spencer Abraham
Institutional Investors – Blackrock, JP Morgan, Sprott Inc., & the Richest Man in Asia Li Ka-Shang
Uranium: The Next Star Commodity? | Kitco News @ PDAC (VIDEO)
Mar 10, 2016
The uranium market has been in a five-year bear market that shows no signs of bouncing back. But, one junior uranium player says the commodity is set for a strong move up. Kitco News caught up with Amir Adnani, CEO and president of Corpus Christi, Texas-based Uranium Energy (NYSE-MKT: UEC), on the sidelines of the world’s largest mining conference, the Prospectors and Developers Conference (PDAC) in Toronto, which wrapped this week. “The spot price has pulled back over the past few weeks – I think we are set for strong price movement – I think we will see a strong year for uranium,” Adnani added. He is also invested in gold and is the founder of junior exploration company, Brazil Resources (TSX-V: BRI.VN).
Gwen Preston introduces Amir Adnani of Uranium Energy Corp. (UEC) (VIDEO)
Feb 24, 2016
Gwen Preston’s thoughts on Uranium Energy Corp., as well as their presentation from the January 23, 2016 Metals Investor Forum.
Uranium Energy Corp: Waiting for Uranium Price to Rise, Meanwhile Further Drilling
May 25, 2016 – VIDEO Presentation
Uranium Energy Corp: Waiting for Uranium Price to Rise, Meanwhile Further Drilling.
Interview with President & CEO Amir Adnani.
He may be blunt, But he makes sense!
A very entertaining spectacle with Nigel Farage and the antagonizing crowd.
What a wild little planet we live on…..
Al, the listener was me.
Thanks for addressing the question
Everything looks over-bought at the moment.
All asset classes are clearly pointing to imminent helicopter money.
Silver had a big day, gold grinds higher, stocks going gamgbusters.
Why?
Because rate cuts and QE are a given.
Massive inflation coming.
Nothing is over bought.
Everything is sensing massive cheap money coming soon.
Yep, that is what I am thinking. Think the QE began last Friday.
Lower interest rates and QE of some sort coming. Looks like there is life after Brexit and no layoffs for the royal family.
Looks like a time to go all in stocks for the rest of the summer.
I couldn’t agree more. The only thing i would add is the massive cheap money has been with us for some time, it’s only going to accelerate.
And the message of “this will also pass” should be rephrased as “this will pass into something bigger”.
Yep, it’s like the temporary relief of passing gas, before the poop hits the fan……
+1
LOL
FTSE up 3.58% and slightly higher than before Brexit and looks like a breakout coming. Shell up 4.13% and BP + 5.08%. These 2 pay 10% of the total dividends on the FTSE.
S&P will not have much trouble getting by the 50 day based on strength.
Freeing oneself from the shackles of EU bureaucracy makes sense to most who follow markets, so it makes sense they’re bidding the FTSE higher.
What’s the downside of brexit? Will someone attack the UK? Have they lost their drive and ingenuity? Will the EU destroy its export market to the UK to punish them?
I believe their future has taken a turn for the better.
Donald Trump’s Greatest Self-Contradictions
http://www.politico.com/magazine/story/2016/05/donald-trump-2016-contradictions-213869
A good summary
Trump’s a box of chocolates….but we know exactly what we’ll get with Hillary.
The truth is beginning to come out Big Al is voting for Trump, that is what he said not me. Maybe Trump should have run as a Democrat a lot of pundits think he is a jackass. Politics makes for strange bedfellows like the old saying goes. I support Trump because he has seen the change in national temperament and he has proven himself as a visionary of reading his times. A characteristic necessary for an individual in his position to be able to do. DT
American politics is a circus. If most of the electorate cannot even discern the major differences between the parties most of the time then what difference does it make who is Commander in Chief?
And I think as far as most people on this site are concerned a vote for either party is pretty much a vote that was wasted since they both give you the same outcomes anyway.
Will mass surveillance be reduced by Hillary? No….then how about Trump? Very doubtful. Will the obvious trend towards a police state be curtailed? Will taxes go down? Will the odds of a real war or trade war be lessened in the future? Will Obamacare be eliminated?
No. None of that is even being discussed so Trump is really no better.
Will the middle class get stronger as wages rise? Will living standards improve? Will taxation policies be streamlined? Will globalist agendas stop? How about economic policy….trade, growth, expansion, jobs…….
You could go on all day…..
Basically nothing is going to change. The government itself is like a machine that just keeps growing in size and power as civil rights are eroded, taxes and fines increase and basic freedoms can no longer be taken for granted.
The US has arrived at a point where all amendment rights are being challenged and citizens are basically guilty until proven innocent. It is just amazing to see how all this has happened in the past ten years as the foundations of what was once the worlds greatest country have been chipped away brick by brick.
It is like inflation in a sense. You just don’t notice the erosion as it happens so slowly and by stealth until finally you wake up one day and realize your buying power has been cut in half.
That’s why nobody even disputes the process. Instead they adjust to each new offensive change as they are implemented and pretty soon it all becomes a normal part of life.
Voting is a waste of time in this situation. There is no change coming.
right on rick!