US economy, gold and resource stock analysis
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- Segment 1 and 2: Chris Martenson, Co-Founder of PeakProsperity.com, discusses the overall US economy considering the poor jobs report as well as the economies in China and Europe.
- Segment 3 – Brent Cook, Founder of Exploration Insights, shares his views on a couple on junior resource companies.
- Segment 4 – Jeff Christian, Managing Partner at the CMP Group, shares some of the data in their Gold and Silver Yearbooks.
- Segment 5 – Trader Vic Sperandeo kicks off traders corner with comments on US equities, gold and the USD.
- Segment 6 – Richard Postma (Doc) shares his technical outlook for gold and gold stocks.
- Segment 7 – Vincent Metcalfe, CFO of Falco Resources, provides a comprehensive update and look ahead for the Company.
- Segment 8 – John Kaiser, Founder of Kaiser Research, details some of the junior exploration companies he has as top picks.
For more information on obtaining the Gold, Silver, or PGM Yearbooks published by the CPM Group email Cory directly at fleck@kereport.com. The CPM Group is offering a special deal to KE Report listeners! Please include “CPM Yearbook” in the subject line of the email.
We always love to hear from you so please do not be shy to email Cory regarding topics, guests, and anything else that you would like us to feature on our show!
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Re: Segment 3. I seem to recall Sandstorm involvement with Mariana.
Thanks for the show fellas.
Cheers.
Hey Core. So you got shady Chinese up there in Canada ‘eh? lol I know how that is, I am married to one. 🙂 They know how money works. Their middle class is larger than our whole population here in the US. They don’t use credit cards and the VAST majority pay CASH, yes CASH for cars AND homes! Yes, they pay CASH for cars and homes. When we bought our rental apartment in Mile County in Yunnan, PRC, we, like the Chinese, paid CASH for the new construction apartment. This is our second property and was purchased as a speculative rental. Our debt consumers can not compete against 1.3 billion consumers who pay cash for everything and on average have more money in the bank than what they make in a year. We just can’t compete.
Loving the show today by the way!
Hey Jason.. interesting!! How do they manage to save so much to pay cash in comparison to US and Canadians??
Same thing where I am in Africa Jason. All cash deals. There are no traditional mortgages at all. Certainly not 25 to 30 year terms with 5% down. Nothing like that is available yet and who knows when it will arrive. People save like hell. The whole family chips in as a rule and together if they work hard and save they can usually cobble enough together to buy something. Then they all move in together and start saving to buy the next one. Often they will start to run a small home-based business in the yard if they have one and that adds another income. You will see improbably large numbers of people living in the tiniest of spaces as times. Like seven of eight people including children in just a few rooms where half the family sleeps on the living room floor each night. Seems to work but you have to get along with everyone for it to succeed. If the family is poor they buy raw land instead on the edges of town and slowly build year after year until they have a home. Those kinds of projects can run a decade for people with meager incomes but they all seem to get there eventually. Its a cultural thing I suppose.
Jason, it’s the same in Argentina, when you purchase a home you must pay in cash, who wants a life of mortgage backed slavery. The Chinese and The Argentinians have been through hard times on a regular basis and I’m sure they have this etched on their mind, “avoid debt at all costs.”
Canadians and Australians would be wise to pay heed, for the future. DT
California too. In the remote desert the banks won’t even
talk to you. Prejudice against desert rats, sun worshippers
and survivalists.
No offence u guys but you are talking about third world nations where the real estate can be taken from u at anytime and even when u do own it it isn’t worth much. Most middle class can buy real estate for cash when it costs a few thousand or tens of thousands of dollars.
Some truth in that Peter. Except for the part about land not being worth much. Some of the worlds biggest real estate bubbles are in Africa right now. Prices are so stupidly high its unbelievable. I was talking the other day about what is happening in Addis Ababa Ethiopia where home values exploded in the last few years.
Mud shacks with corrugated steel roofs were selling for hundreds of thousands of dollars. These single story non-basement homes are called “Chikka-Bets” and are made of straw and mud clad over sticks.
Most don’t have indoor plumbing. Interior floors are often just plain dirt and indoor running water is still just an idea and faint hope for the future for most. But they are a hot commodity and depending on the neighborhood fetch astronomical prices. Certainly relative to incomes where it could take up to a hundred years of salary to pay one off.
And yet people are doing all-cash deals on those too. The vast majority are 100% owned by owner occupiers. Its a bit of a mystery in one of the worlds poorest countries.
Fwiw…
PI Financial assigned Jaguar Mining a buy rating and a price target of C$0.65
Nice.
Things are looking good for Kirkland Lake Gold…
I’m a fan of Kirkland Lake Gold. Both they, Klondex, and Richmont are 3 remaining smaller mid-tier producers that may get nabbed in the merger and acquisition game.
Cory, I’m glad you placed Chris Martensen 1st up. All take heed to his focus on owning the actual metals. All PM equities are speculative- meaning they can escalate, go dormant or go to $0 and disappear in this chaotic & the dark side world.
Fresh and/or renewed spiritual life to all who have or have had a mustard seed of Faith in The Almighty.
Still having a problem submitting posts or am I alone?
Try pushing “send” .
Submit Andrew!
You just couldn’t help yourself! DT
Send
Try again: CFS Interesting interview on Mariana site between Sandstorm’s VP of technical services talking DD at PDAC 2016. I’m guessing the attachment was what prevented sending it direct. Here’s hoping.
The euro reversed where it was supposed to…
Perseus Mining looks tempting…
Thanks Matthew.
Chris from Aus here. Very interested in your PRU thoughts, if you have a moment.
What tempts you about it?
Many Thanks
Cheers
Chris
Hi Chris, I wish I had something smart to say about it from a fundamental perspective but I don’t follow it and have never owned it.
What tempts me now is the chart. Yes, it has roughly doubled since January but it still really hasn’t broken out of a much larger base that goes back to 2013. The action since January has also been very good and points to about .75 CAD minimum before taking a longer break. I really think it has a great shot at a double+ before an intermediate term top. More importantly, I think it has little downside from here (relatively speaking, of course).
Since I am bullish gold, I continue to accumulate Scorpio Gold. Those who are bearish or neutral should probably skip it.
And I’m bullish silver. The stacking begins possibly within several months.
Then you have to follow procedures.
Fast forward to October 2017. All paper assets were illiquid
including mining shares because of the world chaos that
erupted and goverments of the world siezed assets. There
was no rule of law. Then suddenly out of nowhere a rare
event happened in silver. Lets take a look into the future.
I’m holding onto my position in Scorpio Gold as well.
I ran across a interesting company, K92 Mining in Papua New Guinea. The mine is called Kainantu. It looks like it might have some great potential in the future. Does anyone know anything about this mine or the management?
Gary, you may have seen this article but I will post it for you just in case:
https://ceo.ca/@tommy/the-gold-mine-barrick-might-regret-selling
Thank you for the link. I put my toe in the water and bought a hundred shares the other day. I like to have a little money in the game it makes me watch a little closer. Gary
Do you (or anyone) know the OTC symbol for K92? Thanks
Dan the symbol is KNTNF, Who knows where its going.
Marty posted on it earlier in the week. This is a mine that Barrick used to operate until 2009, and K92 Mining bought this asset and most of the permits and development are in place. They are making some enhancements to go back into production again soon.
Futuremoneytrends.com has a video previewing the company CEO in the interview section
under title ” new gold mining company, ending Ian Stalker.
Gary, you will have to pan across top row in the interview section
Thanks for the tip Marty——–GAry
To summarise re K92: The company bought 2 years ago on approximately one and a half cents on the dollar, with the best of the best infrastructure thrown into the deal by Barrick the sellers. Hugely experienced management in a safe jurisdiction with seams so potentially rich that one of Barrick’s executives left to join K92. So what’s not to like? A flight to New Guinea might be money well spent if one wants to explore the company further.
Do you know the OTC symbol for K92? Thanks
CVE:KNT….TSX.V:KNT
Thank you for the info, it all helps.I don’t think my wife would let me fly to New Guinea.
Maybe I could tell her its like Hawaii. Thanks again Gary
Gold spot aught to continue moving higher, since three elements that indicate a higher gold price, interest rate declines, higher commodity and dx bear should catch the bullion banks by surprise, favouring the hedge fund players.
Spreads actually widened significantly in long dated futures over spot prices, meaning a sharper contango. Backwardation in gold is still some time off.
http://quotes.ino.com/charting/index.html?s=NYMEX_GC.M16_Z21.E&t=l&a=0&w=1&v=dmax
Thanks FranSix
The gold price can move higher, given that the TNX/PRII had moved significantly at the close of the week. I was expecting a trough, but what happened instead, and this is a godsend for gold investors the world over, is that along with the fundamentals moving, the dollar bear got under way finally.
Seeing where the indicator where it had been at the previous high, the gold price can move to measure up with those fundamentals even with a sideways market next week. When you have three things moving in favour of higher gold prices, such as commodities, interest rates and the dollar, gold spot prices will move higher.
Three factors to drive gold higher next week as on Kitco. Scroll down two places.
http://www.kitco.com/
Silver news. I still believe summer and elections will be negative for PM’s.
http://www.silverseek.com/article/silver-bullion-–-perfect-storm-brewing-physical-market-15622
Here’s the guru who has been accurately predicting PM’s.
He called this last rally in January and said this is a fake
rally and would not be surprised to see single digit silver
into 2017. Why, because we are setting up for a crash in
the economy and equities. This will pull down PM’s.
Also, everyone is excited and bullish. Be the first time that
I know of that a sustained move would reward so many
participants.
My bearish outlook stands. Oil to gold ratio at historic high.
FAKE IT – TILL YOU MAKE IT – RALLY !!!!!
■■ You Might Be Selling – I’m Not Buying ■■
I have repeated that a liquidity crisis is coming.
Any analysis that doesn’t factor that in, is on the
wrong end of the stick. IMHO
Andrew Macguire would powerfully disagree TJ.
http://kingworldnews.com/wp-content/uploads/2015/02/KWN-Maguire-I-2282015-864x400_c.jpg
Andrew, before you listen to anyone, you must first identify who
they are. Are they objective or neutral in the gold space. Or are
they a perma bull or perma bear. The perma bulls will always be
right in a rising gold price. Just the opposite is true for perma bears.
MACGUIRE, IS A PERMA BULL. He has been wrong for years.
Although, he could be right, you are taking a big risk listening
to him and Eric King.
Sorry, its just the truth and all these perma gold bulls will have
you thinking gold will rise forever. Its just how it is.
Andrew, Charles Nenner on usa watchdog today.
Gold will basically be a non performer for a few
more years. We are also entering terrible economic
times. War with China is likely. A big war he calls it.
Lots of collateral damages and bloodshed much
worse than WW2.
https://www.youtube.com/watch?v=cavudDouMHk
Note: Mr. Nenner I’m sure knows that its really impossible
to gauge how severe any future crisis will be. We do know
its going to be devastating. IMHO much worse than anyone
could imagine.
People need to deal with it because it is coming and stop
acting like adolescents. Its very serious, words can’t describe
but for people to want to bury their head in the sand and don’t
want to hear it, will fair the worst. Living a make believe life that
will come to a screeching halt in possibly hours. Life is changing
quickly now but few are aware of how perilous the future really is.
The Central Planners are now risking all our lives and many will
not survive the catastrophe when it arrives.
WE ARE IN THE END GAME NOW. !!!
Thanks Jake. I just tune in to listen. If you had not mentioned it I would not have looked since Hunter has become such a mega-gloomer I can’t stand to listen to most his loony guests anymore.
Anyway, Charles makes a great point about the long cycles on gold. Not sure why gold bugs seem to always want to fight that fact but a lot of the popular ones seem to have something to sell.
Nenner is correct of course. Precious metals could go into a very long bear market and of course that would be consistent with the idea that we have quite a deflationary period still lying ahead of us.
Fridays surprise bounce in gold won’t likely get far.
It just looks like chart balancing to me and when I saw that price burst I just about went crazy (with happiness). What we did not want was that a big decline would happen before another lower high was posted.
Why would I say that?
Because otherwise we would be looking at a pattern that had not terminated correctly because there would still have been a right translated high sitting there bare-assed like a big sore thumb and waiting for a bounce to new highs sometime in the future.
Now what we will hopefully get instead is that lower-high before gold finally takes its Swan dive. So watch for that. It is highly unlikely this bounce will exceed 1306. Instead gold will likely work its way up to around 1280 to 1290 or thereabouts by months end but then look out below because the fall could be really violent.
Like I keep saying….this is no bull market for precious metals.
Your welcome Birdman and appreciate your thoughts. Although
we never know for certain what these highly volatile PM’s will do
I can’t find anything that turns me bullish.
Here’s a much better analysis than the Nenner interview.
Matter of opinion but all my concerns are addressed. In fact,
mirrors my analysis. Both analyst’s are some of the best minds
in the business.
Also, all these bullish participants are going to be rewarded
will be the very first time I ever witnessed it. I can’t locate any
gold bears. The gold sites are loaded with bullish analysis.
Please keep us informed of the latest information and updates.
Need to keep everything in perspective because everyone is
excited. The greed has definitely set in.
Actually I had been noticing the bull talk was pretty subdued the past week or two. Even that pop on Friday didn’t attract them back to the porch light. There is a growing belief that gold will not sustain a move above 1306 anytime soon.
What I’m observing, its only a correction and the
gold sites are wildly bullish long term.
They are mostly describing this as a new bull market.
All pro’s in favor of gold and no con’s. No one wants
to hear anything negative about their idol.
Oil to gold ratio measuring in at historic high. I have
mentioned all the criteria on the forums.
Once the love affair starts, don’t touch their idol.
Purdy much sums it up. Greed driven, not value driven.
IMHO
TJ, Very few participants in this initial move upwards in PMs.
Nielsen is strictly a speculator like the rest of us. There are holes in his argument, along with no consideration of China/Russian involvement.
Marty, many gold sites – the newsletter writers are proclaiming
this is a new bull market and we are only in a correction.
The China trojan horse affect, thats all pure speculation.
IMHO I do not see the risk/reward in gold. We have not
had a financial crisis yet but it’s in the pipeline. PM’s will
most likely get hit. With that being said, I’m out for now.
For those of you who watched Brexit The Movie..Have you got 50 minutes to spare, then watch this.
http://marketsanity.com/stefan-molyneux-truth-brexit-uks-eu-referendum/
Tony a shorter piece by Pat Condell (10 mins below) is very persuasive followed by the Brexit film.
Keep ‘praying’! Best, Andrew
https://www.youtube.com/watch?v=JFt-pRIvL9E
If the Brits exit the EU, that will be the third time Britain saves Europe from it self. The first two times Britain stopped wars (WW1 and WW2). This time Britain can stop us from drowning in a dysfunctional bureaucracy.
We need another way to cooperate in Europe than the current away-setup. A Brexit can pave the way for a new way for Europe.
You Brit’s, really got yourselves into a pickle.
Yesterday I red commentary saying it would not matter to Europe and leaving would not affect the Euro because Britain was not in the currency union. That seemed pretty naive if you ask me because the Euro is the worst aspect of the whole project. Its the expression of the lack of confidence in all the rest that is why such a move may bring the dissolution of the whole. What is at stake here is sovereignty itself, not the kind of money everyone agrees to use.
Anders, I agree with you. Viva a free Britain and Denmark!
Watch the master of the teleprompter when it fails….Obama the fool.
http://www.zerohedge.com/news/2016-06-04/caught-tape-day-teleprompter-died
Britain almost ruled the world one hundred and twenty five years ago now they can’t govern themselves without Europe dictating how they must live. Winston Churchill would do the death roll in his grave. DT
DT…look at what happened to The Weimar Republic of Venezuela
http://www.tfmetalsreport.com/blog/7657/weimar-republic-venezuela
He is the most racist piece of excrement on the planet. Trump!
Trump 2016! there I fixed it….
He may come across as not quite presidential at times but its become obvious he has the balls for the job. I am curious how he will be on the foreign affairs front though. What might he say to the Chinese premier about the South China Seas? What about Saudi Arabia’s intransigence…Palestinian complaints…Israeli worries…Iran’s defiance…..Turkey’s (good grief) or what special words of advice he might have for Putin.
Its going to be really interesting if he wins the Presidency that’s for sure.
But will he really tell Mexico to take a hike and then build that wall????
This September 11th Will Putin Show Satellite Proof That 9/11 Was A False Flag Inside Job?
by Nerti U. Qatja, VOP:
Got this off sgtreport
If this is true I figure people will want to be rid of the entire lot,obama,hillary,bushes and half congress I would think.
This would make Trump about #1 after his repeated statements of “their all crooks”.
I figure Trump should come out and say Sanders would be his vice prez.
They would be shoe ins.
Is Putin threatening to do that? Does he have something to show or is that conspiracy stuff, bb?
Beats me Bird. Thats why I was saying “if its true”
The article says its satalite info.
Just thought it interesting, it would turn a few people upside down.
ya never know.
Swiss vote for a $2500 monthly income given to workers and non-workers alike defeated this afternoon. Is the whole world losing its mind?
Switzerland just made their gravest fatal mistake ever building the tunnel
under the Alp’s.
They bragged for more than 500 years they have never been invaded.
That’s over now. Its no safe haven and any gold stored there is unsafe.
IMHO. Because war and chaos is going to break out !!! Perfect timing too.
Charles Nenner was bullish on gold several years ago half way through its decline. The recent rally has made Armstrong, Norcini, Maund, T. Wood and others look silly. Quit listening to them as they are correct about 50% of the time. That is a coin flip. Don’t listen to anyone that has to make a living writing about the markets instead of trading them. Most good traders do not give their current opinion. And even though I am a successful trader, don’t listen to me either. Learn how to read charts. Don’t emphasize too many indicators; focus on price and volume. All indicators are derived from them and should be used to reinforce the outlook. Follow the footprints. They are not always clear; but many times they are. And that is especially true for the current gold rally and the likely trend in the months ahead. Use stops in case a black swan or even a white swan hits that is not being priced in the demand/supply picture as it is forming on the chart footprint. Learn to be self sufficient and you will be richly rewarded. Good luck to all!
Kent, you richly favor bullish gold advisors apparently.
What about King World News, Sinclair, Bo Polny and
many other gold perma bulls. There’s your tragedy
among the gold community leading investors to the
slaughter house last 6 years.
Not the one’s above you mentioned. At least they acted
more cautiously and kept investors out of all the very
steep declines. Incidently, no one has a perfect record
but there’s a significant difference in sound advise and
recklessness suffering major financial losses.
Critically speaking, you might consider pointing your
finger at the true culprits next time who do more damage
than all the rest put together.
I couldn’t disagree more, TJ. I always buy major weakness for trading but for the last year-and-a-half, I used such weakness to substantially increase my core positions and am damn glad I did.
Most people lose because they simply do not put in the work it takes to understand what they are up against. Most bet way too big at just one price point using no tools or ones they don’t understand while focusing only on the short term win. They then blame the market or some other force(s) for their screw-ups when their little get-rich-quick-plans don’t pan out. There’s nothing humble about such an approach so it should be no surprise that most people make a career of losing in the market. We have to own our mistakes if we are to learn from them.
None of the bulls or bears that you’ve listed above have caused me any harm because my actions are mine. So I’m happy to hear both sides.
Matthew, your maybe the exception. But please don’t tell
me you have been racking up profits for 6 years.
You must have suffered major set backs and or losses.
This last rally beginning of the year must have bailed you
out of your brokerage statements losses dripping with red
ink.
Who knows how far ahead you are with the PM market over
the years. A lot of smoke and mirrors from what I see.
Its no gravy train the last 6 years. 600 approx. HUI down to 100.
Gold bulls especially those that are mostly bullish are still in huge
losses. Liars can lie, but the numbers don’t lie.
Don’t take it personal but there has been no hay day last 6 years.
QUITE THE OPPOSITE !!!! Major red ink.
I sold plenty of positions in 2011 (including the most gold I had ever sold) but my remaining core positions in several miners did indeed rack up huge paper losses. I did have some huge wins (500%+) during the bear market as well. The losses are now more than erased.
I did not just hold my positions. I traded constantly and very heavily added to the core positions that I thought would do best when the turn came. Luckily, I was dead-on. My largest positons performed the best but the rest performed very well, too.
I would be screwed right now if I had let the bears destroy my confidence in my own analysis.
There are cycles within cycles within cycles, TJ. You don’t have to play all the small ones if you get the big ones right.
P.s. – The action of 2010-’11 was not a true (cyclical) bull for the miners and I never thought it was. The last one ended in 2006. I’ve been waiting a long time for the main event and it is finally here.
Btw, the bear market started less than five years ago for gold, not six.
I was just rounding it off. There has been
no huge successes in PM’s.
More smoke and mirrors.
The recent rally since January is still just a dead cat bounce. Nothing has changed at all in the big picture as far as I can see, Kent. So none of those guys look silly because all of them are involved in forecasting long term trends, not little monthly price pops.
Watch oil in the future—-demand and supply imbalance is dwindling faster then appreciated. It looks like the U.S. has kicked the Saudis under the bus and there is no longer any need for OPEC and the Saudi’s control of it. The PMs should continue their correction into summer as should most of the PM stocks.
Little by little you will eventually be completely in my camp Doc. By fall we will all know that gold hasn’t a faint hope in hell of going any higher than it already did and I will finally be vindicated. 🙂
Bird, as always, I have a foot in both camps unless proved otherwise by technicals. You could be right but then again………As I’ve repeated ad infinitum; I believe the proof will be in the pudding by the end of the year—if we haven’t and haven’t come close to taking out the Dec. 2015 lows by then, the odds are in the bull’s camp; it’ll have to happen before then as you point out. Bird, the clock is ticking.
Come on Doc!!!….Of course I’m right. I don’t enjoy the luxury of having a foot in each camp. The charts just don’t support the beliefs that are expressed so vocally by so many in the bug community. Put simply…they are dead wrong.
I have never doubted myself for a second.
Besides..its just too dangerous to straddle the fence with a foot on each side. That how you getting sacked on the pickets!
Bird, I love your intransigence—-based on the technicals I watch currently, the ice is getting a little soft under your feet. Of course, that could change technically in a nano-second. I just hope I won’t have to throw you a life vest before the end of the year. I’m not straddling in the sense I’m slowly putting my money where my mouth is and that’s in PM stocks. Of course the bullion still could go lower and the PM stocks could hold up quite well.
I think Doc’s bear suit is waiting for him.
He just needs to pull it out of the closet.
It gets a little warm at times, but he will
be fine.
Intransigence eh? Pretty funny there Doc. Call me a educated skeptic maybe. My charts obviously differ considerably from yours because mine say this is not a new bull market. We will know by the end of June if I was correct. As long as gold does not make a higher high then this “baby bull” is going to be as dead a baby as I have claimed all along.
What in God’s name has happened to the land of cuckoo clocks and precision watches?
People signed up for it. They love darkness and
discarded our Creator.
Reprobate minds will cause the destruction of
the human race. Its certain and assured.
The ignorance is shocking in the commentary of those fools. They clearly have never seen contemporary dance in the last 50 years!
TJ You’re a funny guy. One moment you’re posting clips of Lamboghinis and F 40s, the next you’re warning us of the perils to come! You remind me of HH who expressed similar inclinations. Are you one and the same? HH seemed to have a weakness for exotic cars while posting endlessly about the tribulation and the non-scriptural myth of the Rapture.
Rather we should be praying our hearts out for humankind to be spared, rather than endlessly speaking of an inevitable destruction.
Andrew, if your heart leads you this way and to
attempt to defend myself is not the best rational
decision. Because of who you claim you are by
publication of your title in your name.
Thank you but I will take the higher road and let
God defend me. You need to reconsider. An apology
is in order or you can choose to let God defend me.
Suggestion: The latter is has always worked out to
my advantage especially when I have never ment
any harm.
The choice is yours. I’m not a participant in this.
Enjoy the rest of your day !!!!
Andrew, TJ is obviously HH. He was quite bullish gold just two years ago, btw.
Fortunately, never rode it down either.
Was not stuck in the perma bull mind set.
Matthew, you can claim any number of things
here but for the record your forecast was
completely wrong. 1500 gold never happened
2 years ago. Birdman bet it was going to 9 and
change. Was not far off. Very accurate for PM’s.
You want to start digging up the past your
market calls have not faired well.
So, stop with all the great success stories.
Last 5 years has been a massive loss.
If I recall correctly Birdmans call was 977.
We almost got down to 1000.
I believe those are fairly accurate statements.
TJ, as long as you buy weakness and sell strength, it does not matter if gold goes where I guessed. I watch the miners that I own for my signals. You obviously haven’t paid attention if you think that Birdman was ever bullish at an intermediate term low (or any low, for that matter). You also weren’t paying attention when I had CEM go up five fold after mentioning that I was buying it for 4-5 cents in the summer of 2014. How about the Primero warrants that rose 7 fold in the summer of 2012 just 2-3 months after I got them? There’s more but I’ll stop there.
Believe it or not, it IS possible to speculate and trade from the long side in a bear market.
For the “buy and hold” investors, those who bought into weakness are a lot better off than those who are still waiting for $900 gold.
I am not surprised that you do not want to read about anyone’s success but that’s your problem. I will continue to report what I please.
Absolutely Matthew, its possible to make money
in bear markets. What do you think I do.
Since this is a blog and deception is prevalent.
In a bull market, perma gold bulls look like geniuses.
When it goes against them you rarely here them
disclose losses. Lots of mining companies were
delisted and investors will never recover.
All I’m saying it’s not been as lucrative as you claim.
Many thought the HUI bottomed at 180 and even
much higher and totally crashed from there to 100.
Whipped sawed and investors exterminated. Some
survived but very very few and the pro’s got their
clocks cleaned too.
The numbers don’t lie. Over 5 years investors lost
fortunes. Thats the truth and stop with the sugar
coating.
TJ, I’m not sugar coating anything and you need to stop with the generalizations. Believe it or not, I have not had a company of mine get delisted in either the recent bear market or any previous ones.
We have a new bull market and very few people look like geniuses to me. Most, including the so-called experts, have missed huge gains AND wrongly called one top after another from the sidelines.
If quadrupling my portfolio of miners in three or four months isn’t “lucrative,” then what is? Ten baggers have to start somewhere! LOL!
Whatever you say Matthew. Still doesn’t prove anything.
Sweet dreams buddy !!!!
Well that’s not very Christian of you 😮 lol 🙂
What’s that’s suppose to mean ?
There is absolutely nothing wrong with what I said.
Its just clear and to the point. To keep up the debate
is pointless.
Someone has to say good nite and sweet dreams !!!
You not once wished me good tidings.
Anyway, too late. ..never mind. Your forgiven.
Of course you are 100% correct Jake. You only need to look at the averages based on miner indexes of the HUI, GDX and GDXJ as examples to know that anyone holding those stocks in their portfolios got ruined during the worst years of this bear. Matt’s narrative about “buy weakness and sell strength” is a great idea on paper but in the real world he would have to have been nearly perfect at timing tops and bottoms during the larger decline because strength and weakness were obviously pretty subjective measures along the way. And of course nobody knew what each new day would bring. Today’s weakness most often led to even more weakness the next weak. That’s called gambling to the rest of us.
Thanks Birdman. I keep hearing the same pitch. Matthew is
claiming he beat the pants off the gold market by his perfect
timing and holy grail trading deceptions.
Why is he the only one in the entire world that has made so
much money as he claims. While all these prestigious affluent
traders got the day lights knocked out of them.
It’s all smoke and mirrors Birdman. How naive can anyone be
to believe Matthew is one in a million who beat the gold market
and gold was caught flat footed every time Matthew shows up.
COMPLETE FICTION !!!!
THAT is what’s not very Christian of you TJ/ HH or whatever the crap you are. You’re a dirtball just like your new loser buddy.
You attack anyone who disagrees with you. Remember when you and your Birdy used to fight?
Matthew, you threw the first punch when you got behind
Andrew today.
So, take responsibility for your own negligence.
Don’t cry wolf. Next time, stay out of my business.
Think before you act Matthew. Or more of the same.
I’d like to know why your god didn’t see fit to tell you that I have told nothing but the truth about my returns. Doesn’t He like you? LOL!!!!!!!!!!!!!!!
P.s.- the punches were all yours. Did I imply that YOU were lying when you said “Absolutely Matthew, its possible to make money in bear markets. What do you think I do.”??? – NO I did not but you obviously are lying or you wouldn’t be so pissed all the time.
You’re a complete fool.
Also Matthew, you sure we’re persistent on fueling debates
and causing conflict.
I posted and you came to me offensive. You want me to lay
down like a puppy dog and say I confess and surrender.
Then you get yourself all worked up and blame me.
Real nice and friendly of you. Thanks man !!!!
You’re a moron if you think I start the conflicts, TJHH.
Matthew, I posted and has nothing to do with me being upset.
All my analysis is supported by documented facts.
You get enraged by anyone posting anything negative on PM’s.
Name calling is only going to make matters worse. I suggest you
give it all a rest and take a break. Hopefully you will come to your
senses. Can only hope. Your way out of character buddy !!!!
You don’t sound well Matthew.
You are bound to hit the skids with these behavioral issues.
Get rest Matthew !!!
I don’t get enraged in the slightest about anything anyone wants to post about gold. It’s assholes like you and Birdman that annoy me. Both of you make everything personal and completely misrepresent what I say and do to make yourselves feel better about being so inept.
Did I launch shit like this at you?:
On June 5, 2016 at 10:28 pm,
trader jake says:
Thanks Birdman. I keep hearing the same pitch. Matthew is
claiming he beat the pants off the gold market by his perfect
timing and holy grail trading deceptions.
Why is he the only one in the entire world that has made so
much money as he claims. While all these prestigious affluent
traders got the day lights knocked out of them.
It’s all smoke and mirrors Birdman. How naive can anyone be
to believe Matthew is one in a million who beat the gold market
and gold was caught flat footed every time Matthew shows up.
COMPLETE FICTION !!!!
Matthew, I know for a fact you couldn’t be one in a million
or one in maybe fifty million who claims to be making major
money in very unpredictable highy volatile gold market.
You must have had paper losses from last years collapse.
Its too good to be true all you are claiming.
GET SOME REST BUDDY, YOU NEED IT !!!
So why does your god let you make a fool of yourself? He knows I haven’t misrepresented a thing and that you are in the wrong to slander me. 😉
Good night Matthew. You called me many slanderous names
and you are far from innocent of any wrong doing.
Please don’t deceive yourself into believing your upright and
do no wrong.
Beddie Bye Matthew !!! Remember, tomorrow is a new day.
I called you names but none were slanderous. Invest in an education if you have any money left.
Matthew, you called me moron and fool by definition is malicious and slanderous.
Apparently, there is little hope for a guy like you that thinks he can tell someone
he needs an education when you just made a miscalculation of the meaning
slanderous. Sign you are becoming incompetent and exhaustive.
Your True Gold stock pick you were so hyped over few years
in the past is still wallowing in the mud. The stock collapsed.
What did you do with those proceeds !!! Buy more pink sheet
or Vancouver micro junior miner junk.
Ya right, your turning over huge profits. With what. Penny shares.
More of your gold fantasies blunders !!!
+1
Stating a fact is not slanderous and your cluelessness about TGM shows that I was not wrong about you. TGM was a winner for me that was taken out by Endeavor Mining. I backed up the truck when it went below .20 in 2014 and did so again when it went to .15 in 2015. I said I was buying as I was doing it. I know Bill and a few others probably remember.
It was the exact opposite of a “collapse.” Lol
Matthew, we must all take your word for it. Even though
now you twist your words by lying and now claiming
by stating a fact its not slanderous. You just said that
any names you called me were not slanderous – fool
and moron. Not facts, that you are now referring to now.
Matthew said :
I called you names but none were slanderous.
Then you said, I don’t know the definition of slanderous
and I need to go get an education.
No, again – the names you called me are slanderous and
malicious.
Matthew, its – YOU – that needs to go back to high school and
finish your education. Your judgment is not only completely
misplaced, you have made yourself out to be a liar.
You can never be trusted anymore and you have showed your
true colors for who you really are. Very poor character and a
liar. I suspect too, your compulsive. Your claims can’t be trusted.
Enjoy your lies, buddy.
First of all, TJ, you do not have to take my word for anything about TGM. Try googling it and you will see that it was acquired. You might also see that Franco Nevada and Sandstorm saw fit to make a $130,000,000 deal with TGM. Is that what you mean by “junior miner junk?” You obviously do not understand the first thing about valuing a company. Heavy Hitter? Try LIGHTWEIGHT.
As for what slander is in the real world, even a semi intelligent fifth grader knows the difference between empty name-calling and publicly accusing someone of being deceptive. Example: A business could easily be harmed by claims that the owner is dishonest but claims that he is a moron would be meaningless. Even morons can run an a business honestly.
You need help if you really can’t see the difference. One more “little” detail. My name-calling started AFTER your baseless claims. Those who attack first deserve at least twice what they dish out. Common decency should tell you that.
Go sell your lies to someone else Matthew. !!!!
Try calling people in public a fool, moron and jackass.
You can make up as many excuses as you want. Your
way out of character and probably the reason you have
no real public life. Or even a real job for that matter.
Now you are caught in your own lies. Trying desperately
to cover them up through even more deceit.
That makes you Matthew – a compulsive liar.
Please, no more. I don’t want to hear it. Enough already. !!!
Of course you don’t want to hear it. Your kind never does.
Keep telling yourself what you have to if it helps you to cope with being a failure.
Cheers!
There ya go, that’s what I’m talkin’ about; feel better yet?
You’re getting the hang of it; keep going!
You’re damn right you are.
● Ping ●
TJ probly is HH but he has stopped that silly buy buy buy god is on our side stuff, or was that Franky?
hmmm, maybe HH was simply we all gonna die.
Bummer I guess, but if people were eraticated in another mass extiction event, first, it wouldnt be the first mass extiction, second, not everybody dies.
Meaning of course life goes on.
The neat thing is, in about 300 years there wouldnt be much left to indicate “we” were ever here other than Mt Rushmore,Pyrimids and the great wall of China.
As for every other species, they flourish again.
The earth actually does alot better without us.
So, if a person figures the planet is a good thing, a mass exticnction isnt really a bad thing.
Whats gonna kill this planet is the sun exploding, not us.
b, we have engineered our own demise by producing machines that are much smarter than humans, the machines are now so advanced that they not us design their replacement. This is evolution in warp speed but technology is unstoppable. There is a new term for sheeple they are now called ‘luddites”, simply put techno idiots. DT
We are human DT…..we shall win by losing!
Ya true, HH.Matthew missed the price of gold, but small fortunes made by a few who followed his picks!!!!!
Go A.Andrew!
Luddites, thats a new one on me.
Im one I guess, I have a tv “clicker” with buttons I dont know how to use.
Also Andrew, my opinions are well documented. I include
all the supporting information keeping my analysis as
true and clean as possible.
Whether I’m bullish or bearish, I explain why. If the truth
bothers you as much as it has been and you need King
World News to keep your hopes alive, its not my doing.
I have tried to be a friend and at the same time share
my views in the manner expressed above. I have respected
you and only communicated in a mutual cordial fashion.
In any other subject matters we can respectfully agree and
disagree without maliciously invoking conflict. I believe its
unnecessary and it serves no purpose. A conflictive person
is not my idea of someone I have a pleasure to communicate
with.
This is my goal is to avoid unnecessary conflicts and hope
you feel the same way. I also manage my life in society the
same way and treat others kindly and respectfully.
That could change because it depends on a lot of patience
and tolerance for those that can be of very poor character.
This world is not improving by any stretch. Shalom !!!!
Matthew,
Good job with the mining trades! You showed a few bears something to consider.
Thanks Chartster.
Chartster, you are falling for the words of an anonymous guy online who is obviously a promoter and has been more wrong than anyone I know where gold is concerned since 2012.
He showed us nothing except trades he posted after the fact. Sheesh…we can all do that. stupidest trick in the bag but you are falling for it as if the guy is some genius.
You’re lying and you know it Tweety. I have talked about countless miners that I like way before they took off. You can’t say the same but you gave it a try with DUST recently and got a spanking.
You really shouldn’t wear so much green in public. It’s embarrassing.
Matthew, what about last year when HUI collapsed. You must have
major losses holding onto positions and then first 3 months of this
year the market helped bail you out.
Your candy coating is starting to come off and all this hype of major
profits.
Here’s proof Matthew is deceitful.
On June 6, 2016 at 7:59 am,
trader jake says:
Matthew, we must all take your word for it. Even though
now you twist your words by lying and now claiming
by stating a fact its not slanderous. You just said that
any names you called me were not slanderous – fool
and moron. Not facts, that you are now referring to now.
Matthew said :
I called you names but none were slanderous.
Then you said, I don’t know the definition of slanderous
and I need to go get an education.
No, again – the names you called me are slanderous and
malicious.
Matthew, its – YOU – that needs to go back to high school and
finish your education. Your judgment is not only completely
misplaced, you have made yourself out to be a liar.
You can never be trusted anymore and you have showed your
true colors for who you really are. Very poor character and a
liar. I suspect too, your compulsive. Your claims can’t be trusted.
+++1
+++1
Listen to the wording of Paul Ryan, carefully.
The financial system is about to change, but this speech sure does look like the government is going to make some ” NEEDED ” changes too!
Lip service? I think not!
https://amp.twimg.com/v/8a630cde-3f76-45a9-9e3d-f142bca5d8c3
He did a lot of talking without telling us anything. What was he selling in that add? The only notable words was that he said effort should be rewarded. I assume that the inverse is that sloth should be punished. Is that a signal to cut SS benefits?
It makes sense that was all you heard, Bird.
It was an infomercial with no information. Maybe you can read between the lines. If so please enlighten me because I got nothing out of that at all except empty catch phrases.
Thought I would watch it, your right Bird, its plain BS.
There is nothing between the lines, altho its set up for people to believe so.
Only thing he said was get to the constitution, so quickly it ment nothing.
Actually, it could be saying put the republicans in and its exactly what we have had.
At least with K-Tel you might get a good album out of the deal. Dating myself a little there. But the ads sounded the same to me.
I think HEAVYHITTER, TJ and Birdman are three rolled into one, or am I only two thirds wrong? Whatever they each piss me off for their unspeakable arrogance. To keep your sanity guys and gals listen to Matthew and other genuinely consistent voices. I’m out of this discussion except to say that both HH and Bird have several times said that they were quitting this site only to keep coming back.
Scroll up about 6 posts. Learn more. !!!!
hotel california andrew, ya can never leave.
You have a lot of nerve Andrew.
Your words are despicable.
Especially coming from someone
who claims to represent God.
Who carries an official title to boot.
Have a good day, Andrew. !!!
Great results for me today on the ASX.
Majority of my miners up double digits on the day.
Compounded from where they were bought from that means for me most were up 2,3, & a couple up 4 times that today.
You got in earlier than me Matthew, so Friday (your time) must have been a stampede up for you !
Congrats.
Thanks Skeeta. Friday was great but GDXJ beat me by several percent. I’m making up for it today, though. I’m up close to 4% this morning while GDXJ is down slightly.
The USD does not look good to me…
What’s hap’nin’ downunder?
Unity Mining Limited UML.AX 0.03 0.01 43.48% 0.03 0.03 0.01 0.03 72,850 2,942.6
Resolute Mining Ltd. RSG.AX 1.14 0.17 17.53% 1.04 1.15 0.23 1.15 7,563,137 539.4
ST Barbara Ltd. SBM.AX 3.02 0.40 15.27% 2.74 3.09 0.38 3.09 13,199,555 1,106.3
Regis Resources Limited RRL.AX 3.35 0.40 13.56% 3.16 3.39 1.07 3.39 6,544,281 1,231.6
Evolution Mining Limited EVN.AX 2.28 0.27 13.43% 2.17 2.31 0.89 2.36 14,257,306 2,463.3
Antioquia Gold, Inc. AGD.V 0.09 0.01 13.33% 0.08 0.09 0.02 0.11 5,000 15.9
AngloGold Ashanti Ltd. AGG.AX 4.30 0.50 13.16% 4.10 4.39 1.50 4.51 12,288 12,650.0
Renaissance Minerals Limited RNS.AX 0.05 0.01 13.04% 0.05 0.05 0.02 0.05 1,473,412 17.6
Beadell Resources Ltd BDR.AX 0.33 0.04 12.07% 0.32 0.33 0.10 0.36 8,917,197 191.4
Newcrest Mining Ltd. NCM.AX 22.06 2.30 11.64% 21.17 22.28 10.55 22.28 8,887,135 12,463.8
Heron Resources Ltd. HRR.AX 0.15 0.02 11.54% 0.14 0.15 0.08 0.15 3,307,260 44.4
Medusa Mining Limited MML.AX 0.72 0.07 10.85% 0.69 0.72 0.33 0.93 1,029,586 109.6
International Tower Hill Mines Ltd. ITH.TO 0.74 0.07 10.45% 0.69 0.74 0.26 0.95 30,590 67.0
Perseus Mining Ltd. PRU.AX 0.54 0.05 10.20% 0.52 0.54 0.27 0.68 8,137,620 324.8
Saracen Mineral Holdings Limited SAR.AX 1.27 0.12 10.00% 1.23 1.31 0.34 1.37 6,569,915 737.5
Tanami Gold NL TAM.AX 0.05 0.00 9.76% 0.04 0.05 0.02 0.07 1,020,544 39.0
The Loonie is looking good. We have an obvious potential H&S top forming but I do not think it will get confirmed. 84-85 looks likely to me.
For EVERYONE ADULT: Count your blessings today because that is all WE have is TODAY! Stop the attacks on one another, children, and grow up and cherish the breath that you have.
Sure thing Marty, Great advice. I sure am starting to like that Trader Jake though. He really has “what’s his name” figured out to a tee. And the sand kicking is hilarious for a beach party. Looks like “WHN” is helpless as a little girl.
Funny how you two despised each other when you disagreed not all that long ago. But I have to admit, you do make a great couple, no doubt about that.
Agreed Matthew. Do you remember when BM was going to sue HH/TJ along with you and I? And that was after insulting our matrimonial lives plus much else besides…
Cory nice sentiments., but sadly this ain’t gonna change.
Andrew, I had forgotten about that funny (psychotic) episode. TJ/Lightweight and Birdbrain are two peas in a stunted little pod.
Ah, the sensitive type.
Matthew was hanging all over me.
Next time I’m calling 911.
He sure heaped some abusive language and insults on you. You must have hit the mark. 😉 Bulls eye!
Being that “you know who” is still in training.
Needs more supervision and he’s certainly
not ready by any measure for his training
wheels to come off.
Its going to take years to work off all those
demerits. Worst case we have probably ever
witnessed Birdman.
Man, failed right out of the gate. Wasted no
time.
Agreed Marty and a great way to put it!
Please Birdman, Trader Jake and Matthew just try to ignore each others comments. You are all entitled to your own opinion and we want other people to feel welcome to comment on the site. They should not be afraid because someone will attack them.
Sounds good to me. I am not really involved anyway. It was good for a laugh though.
Re: Segment 3. My memory seems to recall Sandstorm involvement with Mariana.