Investors, Markets and Politics
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- Segment 1: We begin the weekend show with Rick Ackerman of Rick’s Picks and Chris Temple of The National Investor discussing their services to interested investors.
- Segment 2-3: Chris Temple visits with Nick Mather, the C.E.O. of SolGold, plc (AIM-SOLG.) This company continues to expand a world class porphyry deposit in Ecuador that has had high-grade intercepts of both gold and copper and — in recent months– has attracted broadening interest by investors and mining “majors” alike.
- Segment 4: Dana Lyons, Editor of The Lyons Share, joins Chris Temple, Editor of the National Investor, to discuss the markets. Though concerned long-term, Dana suggests the path of least resistance for stocks remains up for the coming months. As for the Treasury market, it’s still a case of the death of the long bond bull market being greatly exaggerated, at least for now.
- Segment 5: We open KER Politics with Big Al and Glen Downs opining on the actions of George Soros.
- Segment 6: Lt. Colonel Ret Jim McKinney provides insight into our relationship with Russia.
- Segment 7-8: We close out KER Polotics with Professor James Little discussing important aspect of US economic history, which provides insights into what the US needs to do now. In Segment 8 Professor Little offers insights into globalization and directions the US needs to take to assure our growth.
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Thanks Tad,
This week proved to me just how much passion I have for the Show. Will be great to have cory back.
It is interesting to see just how important something is to a person when a person does not realize it.
You folks our there are all wonderful to communicated with and to learn from
All the best to each of you.
Ref Seg 5 surely no rational debate is left concerning George Soros, or for that matter the Clintons, Bushes, Obamas and thousands of their billion/millionaire minions. What with the very recent arrest of over 1500 paedophiles across the States, and the satanic enterprise known as Pizzagate coming to light, history will prove that only by the skin of our teeth and the sheer grace of God under Trump are we escaping a yet more terrible and enslaving Fourth Reich
What you are describing is not a Nazi Reich but a Marxist Democratic satanic enterprise.
Nazism was just the militant wing of Christendom and a combination of the best of monarchy and the enlightenment. Most people don’t know or believe this because all they ever heard about National Socialism came from those whom Christ condemned in John 8:44. This is what National Socialism stands for. http://www.historyplace.com/worldwar2/riseofhitler/25points.htm
Fair distinction Steven.
Thanks for the sane input Steven.
No problem Al. I felt that a chronic and false statement was being made for a very long time and a clarification was needed. People have been misled for decades and that must end.
Steven, of course some people have been mislead for decades and long. This has been going on since the times of The Old Testament.
Agree or disagree?
Good thoughts Andrew.
I guess the cia and mossad are using pedophilia for blackmail of politicians.
Sure be nice to see these people jailed,…. to be honust I would like to see them shot, I dont think we want them in the gene pool.
that is why pizza gate is not that far fetched…..things get exposed to the light…..
We were warned a long time ago…….IMC…….
Swamp creature McCain needs to go……..
Don’t think it would be hard for me to pull the trigger b. Seriously! Just so long as the evidence was absolute 100%.
Beyond a reasonable doubt us the standard of proof.
It is positive assuing that both of these organizations are on our side.
Do you have an opinion on that b?
The cia and mossad?
I believe they rule the U.S. and Israel, as well as “vassal” states, they in turn are ruled by banks.
The very important question here is just whose side are these organizations on?
They are on their own side Al.
“Give me control of a nation’s money and I care not who makes it’s laws” — Mayer Amschel Bauer Rothschild
Very interesting comment coming from you Andrew.
In my opinion Soros is simply a man who firmly believes, from a societal standpoint, something that I simply do not believe. I can talk about what I believe for ever but you have all heard it before.
Soros has the money to attempt to implement his philosophy. I only pray that he is not successful. I agree with you that the country behind President Trump will attempt to stop him.
Just how successful will our efforts be? We have seen just how hurculean a task that is. Look at the attitude of the press and look at the attitude of a large segment, albeit not a majority, of our population.
Regaarding the Clinton family, I simply fear it and those who worship them.
Was it divine interention that affected our recent election. I simply know what i believe. “if God is with us, who can be against us?”
But as the old hymn Jerusalem would have it Al the fight is one in which there is no respite …’nor shall my sword sleep in my hand’….
God definitely wants us all to be constantly vigilant, Andrew!
There is some opinion held by some alt-right leaders and commentators that Donald Trump was divinely sent to rescue America and by extension white European humanity from the NWO and the peoples and groups behind it. If there is anything to it then President Trump needs our prayers and all the protection and good advice he can get. He also needs to know and understand the truth about what has really been going on in the world since 1776.
Steven, the ultra right opinion is certainly possible. I personally believe; however, that God gave us free will to deal with difficult issues like what we have going on in our country right now by ourselves as individuals.
He does very clearly tell us how to live our lives. People who disregard His word, I believe, do so at their own risk.
The solution seems very simple to me and that is, “Walk in the ways of the Lord”.
Armstrong – Obama is the Source of the Coup
https://www.armstrongeconomics.com/world-news/civil-unrest/obama-is-the-source-of-the-coup/
Commenting on Big Al’s question in the last ten seconds of the show.
We used to have a paradigm where a person worked for a company for 20, 30 years, got a gold watch and a pension for the remainder of his life (which was usually only 5-10 years). Now we have people who get outsourced or kicked out of a job after only 3-7 years, especially if they are anywhere close to the government-mandated retirement age of 65, and without a pension (or healthcare, since that is government-subsidized as well). People are also living 30, 35 years after mandatory retirement in an inflationary environment.
The businesses have changed the system and NOT told or helped their employees to continue living the same lifestyle (but executive pensions are separate from employee 401(k) pools). Some employees have been able to change themselves, some have not. The former middle class in America has been destroyed and dispersed.
We need to start teaching people as young as adolescents that working for 20 years means less than 20 years of not working – aka “retirement”, and if you cannot work hard enough or get compensated enough to not work, then you must work. Of course, that paradigm shift comes with all kinds of educational and economic pitfalls, especially when so many people depend upon the government’s many safety nets. It can also lead to cutthroat tactics of avarice, similar to what already exists outside of polite society. Think 18-hour workdays in Japan, working hand-to-mouth in India and Southeast Asia, and any other location (or history) where one-sided economics is more openly displayed. Is this what is coming to America?
I have long told the happy and very personal story of the Endicott Johnson Corporation; the greatest corporation — and greatest corporate leader, George F. Johnson — in American history. Beyond economic and monetary changes, the way workers are generally treated under capitalism/globalization is at its core a religious and moral evil. — http://nationalinvestor.com/235/real-american-heroes/
Great article, thanks.
“Our Constutution was made only for a moral and religious people. It is wholly inadequate to the government of any other.” – John Adams
Another Amen to you Steele
jhpace1 and Mr. Temple, I trust you both realize that the most important reason the situation has changed from the 1950s and 1960s is not so much that moral values changed in citizens (although they have changed), but the ever-increasing share of taxation extracted from citizens and corporations and even the dead by the most governments. For Millennia the establishment powers were content with about a 10% levy on society, but now with taxation, mandatory fees and regulations, life is being throttled by excessive demands. It is barely possible anymore for an average married couple to support a family; let alone build up a savings nest egg to provide for the future. Now with government created financial repression, even those who believed they had saved enough for retirement are having those savings ravaged by government monetization to keep interest rates low. Until the present day serfs revolt and demand a rollback of the government leeches, society is crushed. The US government knows this, of course, but does not care. After all they have over a billion hollow point rounds stocked so the serfs will lose any revolt.
More on this in an editorial later today, Mr. G!
Big Al,I sat down and wrote 5 pages of thoughts on your question in segment 8 so far. Now I have to distill those down to something more coherent.
Amen, Mr.Temple
TEMPLE – Isnt that the frickin truth……I never set foot in a “company” after I was 29 yrs old….
We will be doing an editorial later this afternoon on this very important comment of your’s Mr. Pace.
“outsourced or kicked out of a job after only 3-7 years”
That happened to me twice here in the UK, once in 1993 by a giant American corporation that bought out UK business and spat it out and once in 2008 by a company that was bought out by a corporation from a small country on the east side of the Mediterranean sea. In combination with my poor health these two events ruined my career. Thus I have no tolerance for the current society. I would be content to see it crash and burn.
interestingly enough it happen to my Dad at the age of about 62. Boeing put him “out to pasture”. I saw what happened to him and I firmly decided to take my future and put it into my hands and no one elses!
Prem Watsa at a loss with a massive deflationary bet. Anyone care to discuss hyperinflation in the U.S. yet?
HI Fran. CPI headline inflation was 2.0% in December and 2.5% in January 2017. Back in Sept 2015 it was 0.0, in April 2015 it was -0.2% That is about a +2.5% increase in a year and a half, whilst short term Fed interest rates have increased 0.5%. Since John Williams at SGStats would say that inflation is substantially understated, the situation may be worse.
My own research shows that almost the whole of the inflation increase comes from energy prices, oil in particular as the oil bear market has turned around in the past year into a price rise. A really substantial increase in WTIC oil would see inflation go to about 3.5%, even on government figures, way above target. I am writing a report on this right now.
The working title of my report is “Inflation Sh*tstorm on the way?”
I would like to see a draft of your report Silverbug Dave
Stocks and Gold; the Next Opportunity
Thanks Steele. That was a good article and charts from Gary Tanashian.
Mining News Digest
Friday 17 February 2017
Zinc, lead rally bad news for silver price
Silver is mainly a byproduct of zinc, lead (and copper) mining and capacity coming back on stream could see return of silver’s chronic oversupply issues.
I wouldn’t completely agree, because Silver pricing and the supply side of the physical metal have been divorced for some time. The drivers of silver pricing, like gold, are in the paper markets, and it has been that way for years now.
Mining News Digest
Saturday 18 February 2017
Uranium price rally comes to screeching halt
Down more than 6% Friday as realities of Japanese reactor restarts make an impact
Agreed for the near term price action, although Uranium was due for a pullback technically without Japan having much to do with that. In the mid-longer term, China’s growing nuclear fleet will dwarf in size and consumption the 30-40 reactors in Japan. There are also new reactors coming on-line in the Middle East, Europe, and other parts of Asia that will only add to upward price momentum over the next few years. Pullbacks of 15-20% should be shallow and short-lived and seen as buying opportunities.
AL;
Your neighbor, Professor Little sounds like a terrific, well educated person and he talked the subject as well as can be done. However, having just finished reading the latest missive from Chris Martenson, https://www.peakprosperity.com/, I’m at a loss when your guest addresses the subject of our future as though we simply have to figure out a few problems and more growth and good times will ensue. He certainly explained the symptoms of the world’s financial problems well, but isn’t he perhaps missing the forest by only looking at the trees?
One side of this argument is wrong! Either we’re in deep dodo like Chris relates or the issue can be solved with some brilliant ideas like the wise men came up with after the 2nd WW. Where do you come down on this macro problem, that many think will have to begin with a major, painful and dangerous reset???
Silverdollar,
At the risk of being somewhat simplistic, I agree with Chris with the caveat that society has moderated in the past in a positive direction. That “turn in the road” certainly can happen yet again
I have, hopefully taken care of myself and my family, with a very unique form of retirement. It is working for us and it will work for anyone who is part of our team.
Am I being a bit nondisclosive? (Now there is an interesting word!) Perhaps!
I think Chris Martenson is right, and I have thought the same thing for several years now. The only way to fix the financial system is to return to the gold standard. I’ve alway pondered how an incompetent government could handle such a task. The one person I do trust with that would be Donald Trump. The rest of these yahoo’s would screw things up too much. You can’t have a gold standard without the rule of law and tax changes. And a new form of Glass Steagall… As it looks right now, the gold standard is close!
http://www.businessinsider.com.au/greenspan-defends-gold-standard-infrastructure-2017-2
Back to basics is definitely the answer, Chartster!
Due to sanctions Iran takes gold for their oil, a pipeline is being built threw Pakistan to China.
Russia takes yuan for oil, everything else too I would imagine.
kyrgyzstan central bank prompts gold ownership, guess they hope every citizen owns 100 grams.
The Koran wants gold and silver used, Rules have been changed to allow more Muslims to purchase gold and silver.
The world reserve currency changes about every 100 years?
Latest Martenson:
https://www.youtube.com/watch?v=6y-D2jYT_Tg
A repeat of last week’s Peak Prosperity:
https://www.youtube.com/watch?v=KzNJ-_7_cBY
Discussing the Fed, and why it is bad for Ameruca,
dont ya love capitalism?
Its gonna kill us.
I think if liberty had or would actually be applied, capitalism would be ok.
Never happen of course.
The Fed is a Marxist institution (5th plank of the communist manifesto) and “crony capitalism” isn’t capitalism at all.
“Capitalism is a social system based on the principle of individual rights. Politically, it is the system of laissez-faire (freedom). Legally it is a system of objective laws (rule of law as opposed to rule of man). Economically, when such freedom is applied to the sphere of production its result is the free-market.”
B,
if you haven’t already, take a look at Grant Williams recent video on what is happening on the return to gold for oil program that the Chinese (largest global oil consumer) have implemented with the Iranian’s, Saudi’s and Russians. The USD is in trouble long term and watering it down will only make gold a more viable currency going forward. A few days a go, Ex posted a great video by Williams about this issue. Will try to find it for you.
no worries confused, Ive followed events for years.
I laffed my “butt” off when Iran made the deal.
Gwyn Dyer made a tv series called “war” early to mid 80s? 1983.
He basically followed the Yinon plan, we have watched it develop.
One of the last things he said, was the americans will kill everyone they intend without too much trouble, then they get to Iran and things change.
B,
I will listen to that if I can find it. If you like Gwyne’s work, suggest you take a listen to his CBC Ideas series called Climate Wars. It aired in 2008. He is a very astute and lucid thinker on war and political history.
interesting confused, hadnt heard of that, thx.
Think I will take a listen.
My daughter is an environmental scientist, she, her friends and I have an ongoing discussion about climate the extinction of species, water etc.
Oh no!
The equator and south wont be able to feed themselves due to climate.
OK, no problem, we live north, except for that darn Fukashima killing everything in the north.
lol….we toast buddy.
Interesting tho that Gwyne mentions closing the boarder at Mexico. lol
I bet he is right about the american military industrial complex as well.
Big deal I guess, we are the good guys.
I believe we’re moving from a unipolar world power to a multi-polar world with sharing of reserve currencies. The US IMO will not rebound like it has in the past. This isn’t like the past when you still had some semblance of sound money and normal supply/demand cycles. The globe has dug a deep hole and it will take years for some semblance of “normalcy” to return.
Thanks for summarizing these very important events of late, b!
Agreed Doc
+2, Doc
This is definitely not like the past for the U.S.
It was the world’s largest creditor when Reagan took office but now its debt exceeds its GDP.
Then there’s the unfunded liabilities…
Matthew, as you are aware those “unfunded liabilities” are absolutly terrifying!
DOC
A reset of SOME TYPE is being planned in secret….it has to be…. this is so unsustainable it is BEYOND insane…everybody that is a power player in Eurasia knows this… even the WEST GETS IT BUT IS FIGHTING LIKE A CORNERED DOG…but DO YOU THINK these plans will be for the “general public” consumption – NO WAY. Hence your insurance policy…gold and silver…the public will get the news only when its WAY TOO LATE!…:(((
Yes Doc, the return of THE KING
B, the video was produced in 2016….very entertaining and scary@
https://www.youtube.com/watch?v=GEwuGHFF7qE
Excellent video. This is big, I believe.
Thx confused
Doc,
true indeed. This is what a declining empire brings. Lets hope American’s can do this gracefully over the next 50 years. Not sure it can be done, but here is hoping!
See my comment above about the “turn in the road” confused.
By the way, I hope that my confusion results in positive actions. So far by admitting to my confusion, I seem to be doing okay!
Thanks Al,
Got it.
Adam Hamilton, via Bob M.’s 321gold:
http://www.321gold.com/editorials/hamilton/hamilton021717.html
“The bottom line is gold stocks’ capital volume has diverged from their new upleg in recent months…The rally since mid-December was driven more by a lack of sellers than new buyers. But this is actually quite bullish, as it implies this upleg’s big gold-stock buying is still yet to come.”
I believe Hamilton’s interpretation of the recent strong rise in declining capital volume is correct.
recent strong rise *in spite of* declining capital volume
I believe that Hamilton, Faber, and Belkin are correct to be so bullish on the miners and silver this year.
The bears and skeptical wannabe bulls are finally going to recognize that the new cyclical bull market is real.
You can add Big Al to that list, Matthew
All right!! Matthew AND BIG AL…I am still alive in case you were ever wondering?? Say hi to Kathy…hopefully we will cross paths soon…did you get the new “sprott INC, Co placement offer from Kenton?? 12.5k minimum and rick rule wil be the CIO…..what are your thoughts??
I know I know not as investment advisor!! lol! send me a short private email on your initial reaction..please I highly VALUE that and would appreciate it very much…
Marc, you’re enough that I never wondered if you were still alive or not – just assumed you were lurking. 😉
As for Kenton, hopefully Al can help; I’ve never heard of it. 😐
Oops, should say “you’re young enough…”
Matthew,
Kenton is my broker at Sprott an, by the way, I highly recommend him.
Thanks Al, I assumed Marc was referring to a miner by that name.
I believe that what Britain achieved by voting to leave The ties of a continental Europe was truly remarkable. The time has come when the most powerful nation in the world must rid itself of it’s cultural integration to Europe. Europe has embroiled the world in too much bloodshed and with Germany once again dominant as an economic power it is time to cut the ties and let Europe deal with their own problems.
Trump is right, America first and he should also include Europe must stand alone except when it comes to trade.
Yes, if America is first it can continue to help the world as it has done many times in the past. (Notice I did not say “take advantage of the rest of the world!}
Body Language: Trump and Justin Trudeau Press Conference
Ha,
Here is some nice “body language”! He is a boxing match with the so called “feminine” Trudeau and the former wife-beating conservative Senator Patrick Brazeau. Ouch.
https://www.youtube.com/watch?v=XuSpZ3_5pTc
That’s karma; the wife beater lost to Mrs. Trudeau’s wife! 😮
The latest statistics have just been released for the Canadian healthcare system, which ranks about 11th when compared with other western world healthcare systems.
Its cost for 2016 was government spending C$160 Billion plus direct patient spending of C$68 Billion( some precription drugs and non-covered services) for 35.1 million patients.
The average wait-time to see a specialist e.g. ophthalmologist was 20 weeks, although was as high as 47 weeks to see a neurosurgeon.
I understand the waiting periods can be horrific. Do you know if this can be bypassed in the case of a critical situation?
I have never found the wait times in our healthcare system to be nearly as long as the media reports indicate, the media scares people by reporting the worst cases. If your situation is critical and you go to a hospital emergency room you will be admitted and receive quality medical attention.
The Physician can speed up by indicating emergency, but it’s still not as good as the US.
Thanks CFS that is my understanding. I will say my daughter who lives in Coal Harbor (and she pays for that priveledge totally by herself) indicated that to me some time agod.
I had to see any eye specialist a few years back and I think it took a few days because it was a bit urgent.
Sentiment is arguably more important than fundamentals in driving markets, but both have been propelling the gold (and silver, et al) price upwards.
“Since the middle of 2015 both the real fed funds rate and the real 5-year yield have declined by +2%. The real fed funds rate has declined from a fraction above 0% to now almost -2% (-1.88%). Meanwhile, the real 5-year yield has declined by roughly 2.5% in the past two years from nearly 2% to now -0.60%.” Financial repression anyone?
This is rather remarkable and the Fed seems content to let it be. See charts inside; hat tip to Jordan Roy-Byrne.
http://news.goldseek.com/GoldSeek/1487346016.php
“In fact, experiments have shown that monkeys throwing darts at a random list of stocks fare much better than Wall Street experts.” ???!!!
It maybe time for the ‘Monkey Portfolio’.
We could have live Internet streaming of their ‘stock-picks’
A bit like that octopus who predicted the World Cup a few years ago.
Anyone work in a zoo?
Nice Tad. Yes, let’s start building a Monkey Portfolio. We’ll send people out to Zoos all over the world and compile the monkey top 40-50 picks. (ha!)
I understand the principles of returning to a gold standard but in todays world, is there enough gold supply to underpin such a major request along the lines of a reserve currency being backed by gold?
I wouldve thought an SDR proposal like the one Jim Rickards has voiced is a more likely outcome. This also shares similar ties as to what Doc stated about shared reserve currencies.
Just theorising here, but the financial world is setting itself up for a calamitous fall I believe. One only has to look at the pattern of how each major market shock or crash has appeared to worsen to the preceding one. Its almost as if this is a purposeful paradox that money has created
There is plenty of gold.
Oz, you might want to read Rickard’s recent book on gold. He makes the point that backing currencies with gold is no problem. It’s based on the fact that you can easily adjust or fix the value of your currency to a fixed quantity or specific amount of gold. You’ll hear certain gold hating individuals always say there isn’t enough gold to do this but they don’t understand how easy it would be able to manage it.
+1 Agreed. I’m not sure we’ll see a gold back dollar again anytime soon, but the implementation of it would just be simply be adjusting the value of the currency. Easily done.
The reason it hasn’t been done is that the central bankers like their ability to create money and push it around with their playbook, and a gold backed currency would call for some accountability and responsibility.
Also, the politicians wouldn’t want a strait jacket on their prolific spendint
Hard to have socialism without fiat $.
Wouldnt adjusting a currencies value to a set amount of gold affect the value of that currency and in turn affect it’s tradeable influence? Because as we all know, gold can’t be created out of thin air. Hence, there would have to be a complete overhaul of the entire financial system would there not?
I do intend to read Mr Rickards latest book Doc. I do hold some slight reservations about his agenda though.
Oz,
As I understand it, it just means devaluing all currencies relative to gold.
Of course, this resets the price of many other things in terms of those currencies, so takes away purchasing power of real things from those who don’t own the metals or other tangible assets that don’t rise commensurately with the rise in the price of gold in national currencies. So the reset would be far from painless, and could provoke incredible backlash.
This video by Grant Williams, posted above by Confused sheds some light on what is going on, I think:
On February 18, 2017 at 10:10 am,
confused says:
B, the video was produced in 2016….very entertaining and scary@
https://www.youtube.com/watch?v=GEwuGHFF7qE
Cheers GH, I will look into it. Very interesting times nonetheless
Mr Little’s perspective could have been titled ” The tired old view of the left that has left us swimming in debt and low paying jobs”. Jeff Deist would offer a much more accurate perspective! Little completely ignored the huge roll of regulation and taxation in chasing industry out of the USA. He incorrectly inferred Trump would restrict trade instead of making other countries treat us fairly. And he suggested the answer is more education (government programs and student loans that have left us swimming in debt) that is certainly what we have been doing for decades!
Thanks for your comment Rich.
I understood his comment about education differently. I would agree that those folks who have been employed manufacturing many consumer goods could be out of luck in our society today. For them learning a new skill, in theory is necesary, but certainly, in reality, probably not going to happen. I believe that Jim was talking long term and I feel that the immediate problem is much more critical.
His comment about manufacturing activity increasing with the reality of fewer human workers is more than simply “food for thought”. It is a critical situation that needs to be solved.
Regarding taxation and regulation, I agree that certainly has been a problem Maybe I am being overly simplistic in saying that I became aware of the gravity of the regulation aspect of the problem with the advent of The Community Reinvestment Act. In theory it is a noble idea. In reality it will cause nothing but problems as I saw first hand during my invovlement with a bank.
The bottom line is that our society has been based on individual effort and action. There is clearly an element of society today that does not want that to be the case. They claim that it is immoral. I would point out that in the Bible, both Old Testament and New Testament, that God wants us to be the best verion of ourselves that we possibly can. THOSE WHO WANT TO BE IN POWER TO NOT WANT THAT TO HAPPEN BECAUSE THEN WHO CAN THEY CONTROL?
Please give me your thoughts on this. Thank you, Big Al
“the best version of ourselves that we possibly can. THOSE WHO WANT TO BE IN POWER TO NOT WANT THAT TO HAPPEN BECAUSE THEN WHO CAN THEY CONTROL?”
Very good thought, Al.
Connecting that to your question above, about whose side the CIA and Mossad are on, they are on the side of those who want to control us, and prevent us from being the best we can be. The history is vast, but requires digging. Operation Mockingbird and Operation Gladio alone are enough to make the case, however.
Thanks for the comment/replly GH
Former 30,000+ shareholders of Allied Nevada Gold Corp can sign up for updates at -http://www.alliednevadafraud.com/
Perspective and Scale are The Hardest Things In A Short Term Market Environment
It’s important for individuals to have their own investment and trading rules. John Hathaway penned his short “Ten Rules for Investing in Gold” back in July 2001, at the end of a long 20-year gold bear market. Seasoned precious metals traders may think his approach is too conservative, but this is a great starting point for the unitiated.
Bull markets make us all look like geniuses, but bear markets can make a fool out of anyone. A man’s got to know his own limitations.
Weather Warfare Biggest Threat to Life on Earth-Dane Wigington
By Greg Hunter’s USAWatchdog.com (Early Sunday Release)
Geoengineering researcher Dane Wigington says the number one threat facing humanity is extreme weather modification to cool the planet. It’s being done by geoengineering (commonly known as chemtrails) and it must be stopped now because it’s having the opposite effect. Wigington says all climate engineering is really just “weather warfare” and explains, “How long can humans survive without habitat? If we have an issue that is mathematically the greatest single assault launched by the human race against earth’s natural life support system, why wouldn’t we deal with that first and foremost above anything else?”
Kind of interesting.
The chemtrails just might be there specifically to cool the planet.
Some scientist believe we have alraedy gone too far with global warming, that leaves us only one choice, slow it down with geoenginering, the chemtrails.
Check the Dyer u tube confused posted.
I think its neat he predicted a wall built at the mexican boarder.
https://www.youtube.com/watch?v=RK5l_0bm6ko
Kinda makes ya think Trump is just part of the plan.
Or they might actually have nothing to do with geoengineering, but rather to poison us all to dumb us down or for depopulation, or for something else.
Assuming they are for real, which they seem to be, regardless of what they are really doing it for, the way they are going about it is absolutely wrong.
Don’t worry people there is no serious problem with the climate due to the mini ice age we are currently in. You might starve,freeze, come down with a disease or die from an act of crime or war but the environment will not cook you with Venus like heat and pressure anytime soon.
The polar bears and ski resorts will survive and thrive.
As they always have Steven.
Latest fraud in the anthropogenic climate change (ACC) saga:
I sent this to a buddy of mine, a scientist, who believes in ACC. His response:
“Funny how all the climate change deniers akways come up w/ nothing but rants and never counter arguments to the massive scientific data supporting anthrop driven change that is very rapid compared to natural variability.
Tiny study in tiny issue within massive clim change field of study…I’m sure this is being blown outta proportion by Rappaport and this scientist would say so if someone bothered to ask.”
My response, still unanswered:
Ranter or not, it’s the message not the messenger that matters. i.e. evidence of data falsification by a climate change believer. R.e. the scale of the issue — it doesn’t sound so small to me, to cook data to deny the ‘pause’ in climate change, just in time to influence the big pow-wow in Paris. And coming from the director of the NOAA section that produces climate data. And published in one of the top journals–how did it make it through Science’s rigorous review process? Are they fraudsters too? What other fraud might he and they have committed on this matter?
This isn’t the first instance of scientific fraud by the anthropogenic climate change believers.
Makes me wonder how many honest researchers have unknowingly incorporated false data or results from fraudsters. But what do I know, I barely follow this stuff, lol. These are just questions/doubts any critical thinker would have.
I think there are far fewer “honest researchers” than you realize. The professional ACC promoters are afraid of losing their careers while the rest are suckers and little more than cult members.
Lots of honest suckers maybe.
I’m actually agnostic on ACC, since I haven’t picked through the evidence myself. However, I lean toward skepticism and by default fall in the denier camp, since I am not willing to support the believers’ plan of action.
Plenty of cult-like thinking to go around in the USA today. The power of propaganda.
Do not ever underestimate “the Power of Propoganda”!
For the first time in four years, the gold miners’ 200 week moving average is no longer pointing down (green line):
http://stockcharts.com/h-sc/ui?s=%24GDM&p=W&yr=3&mn=11&dy=0&id=p24000596788
Slowly but surely, the moving averages are getting in bullish order. By the time the bull market is ending, they will be splayed above the 600 week MA (dashed black line) rather than below it as they were a year ago. We have a long way to go:
http://stockcharts.com/h-sc/ui?s=%24GDM&p=W&yr=4&mn=2&dy=0&id=p48834650537
We’re due for another pullback and on that one the folks better get on board.
I agree but don’t think it will start Tuesday morning. My guess is that GDXJ will pull back about 8 percent over the next two or three weeks.
Just like a year ago, I think the implications of the ugly daily chart will be neutralized to a great extent by the much better looking weekly chart.
http://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=1&mn=0&dy=22&id=p22006093342&a=507851170
I tend to agree. Even with the pullback that’s coming I don’t anticipate much carnage in the stocks.
The other problem with the chart on gdxj is the fact we could be setting up for a left translation pattern on the intermediate cycle.
Doc, interesting on the left translation on the intermediate cycle. Can you share what it is you’re seeing that makes you think that?
I still believe that it will be a right-translated cycle.
http://stockcharts.com/h-sc/ui?s=GDXJ&p=W&yr=6&mn=9&dy=0&id=p62950769477&a=422269671
Kaufman’s MA and the 50 week MA will cross the 233 week MA this week (the 50 crossed the 200 in November).
Now that the bears have failed to keep price below the 200 and 233 week moving averages, they should act as good support.
http://stockcharts.com/h-sc/ui?s=GDXJ&p=W&yr=5&mn=0&dy=13&id=p75182694597&a=504404815
When the bull market of the last decade got going, the 200/233 MAs were not touched again for 339 weeks (6.5 years):
http://stockcharts.com/h-sc/ui?s=%24HUI&p=W&st=2000-06-30&en=2009-01-30&id=p09591827161
The last chart used the HUI index since GDXJ did not exist back then.
GH; for a number of reasons this could be a left translation. We appear to be starting the 10th week of this intermediate cycle (if I’m right). We’re approaching the upper BB on the weekly chart. We could move slowly higher yet for 2-4 weeks before we impinge on the upper BB. If we don’t take out the upper BB, we’ll turn down.
We are starting our tenth week in this cycle but, if we’ve seen a high, I sure don’t see it correcting for eleven weeks (which doesn’t mean it won’t!).
http://stockcharts.com/h-sc/ui?s=GDX&p=W&yr=3&mn=0&dy=0&id=p79589025625&a=507925534
Great GDXJ charts Matthew. As always, much appreciated.
GDX has hit a major top at the 200 day as was expected when it near the 19-20 area.
Considering how well the juniors have dealt with the 200 day MA, I doubt very much that GDX has hit a major top. GDXJ has closed above the 200 dMA for the last 12 sessions:
http://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=1&mn=2&dy=13&id=p60970414274&a=502742327
(When the junior miners outperform the seniors, it is bullish for the sector, if anything.)
A 7% drop for GDX would fill a couple of recent gaps:
http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=1&mn=6&dy=11&id=p73438768564&a=507920455
Latest James Flanagan / Gann Global video:
Great video, thanks GH.
Agreed. Thanks for the Flanagan post GH.
I like Flanagan’s work but I can’t believe that he didn’t sell a large chunk of his position close to the high for the HUI. He turned a 188% gain into less than a 50% gain.
Every dollar of value in my portfolio at the Jan. 2016 low is now almost seven dollars, despite my mistakes – and there were a few.
Yeah–ouch!
It seems like he’s more focused on price history than reading the language of price action.
But likewise, I value the information that he shares very highly.
The info is good and maybe he did take substantial profits on the way up. My perception that he did not is based on his wording in the video – which was not explicit.
I got the same impression of James Flanagan, because he said he got “stopped out” when Gold Stocks retraced all the way back down from their August highs.
He made the point about not trading in an out of the market, but he would have been well-served to have at least taken partial profits last summer and then reinvesting those winnings into the normal sell off into tax loss selling season.
He raised Gann’s point, (which I agree with) that investors don’t want to “overtrade” the markets and be wrong more than half the time (like many gurus). That makes good sense, especially since many traders do not utilize technical analysis and just trade on hype and gut instincts (a really bad strategy). However, I must confess, this bias and twisted thinking that many investors have towards wanting to hold onto stocks (waiting for upside moves of 30-50%) but ignoring (pullbacks of 30-50%) has never made any sense to me. People act like it’s a sin to miss a 30% move up, but think nothing of having their investment get chopped down in value by 1/3. James discussed following the trend, which everyone wants to do, but it is a 2-way street and only playing from the long side perpetually makes no sense.
Mining stocks are a rollercoaster and are not like investing in “Blue Chip” stocks. The whole sector will turn on a dime to the upside and downside quite violently, and resource stocks are much more volatile than most sectors like “Consumer goods, Utilities, Financials, Healthcare, etc…” Then one must factor in that individual story stocks can get a multiplier effect depending on their individual fundamental & technical drivers.
It was still a really good piece, but it just seemed worth mentioning that there is an art and a science for fading in and out of stocks, and investors incorrectly think they should go “all in” and hold forever, or sell out their entire position “all out.” There can be large rewards if this is perfectly timed (rarely happens), but it makes far more sense, (and is far safer) to average into a low cost basis, and trim when they get absurdly oversold, and buy back when there are meaningful corrections of 20-30% or greater. [personally I like waiting for levels near Fib retracements of 38.2%, 50%, 61.8%, etc….]
May everyone have a great week investing in the markets!
He also was not nearly bullish enough on the miners last year, and I said so then. He thought the coming move would be good but not nearly as good as what we had with the move that began in 2000.
In my opinion, he’s missing some good fundamental, technical and cyclical clues and obviously doesn’t price the sector in gold.
It turns out, in real terms (gold), the move 15 years ago that he thought was one of the best, was actually the worst.
Since the mid 1980s, there has been seven moves for the XAU priced in gold that were around +100%. The worst of them happens to be the one that was the best in dollar terms. That 2000 – 2002 move was just 87% while the second best was the 2008 – 2009 move at +120%. Number one happened last year at +156%.
At the moment, and despite last year’s record move, the XAU is STILL down 81% versus gold since the late 1990’s peak(!!!). This is why I have said many times over the last two years that I am focused on the miners and am only bullish gold relative to debt (which includes Federal Reserve Notes) and the stock market (which is in a bubble that is propped-up by a debt bubble). The gold miners remain far more appealing than the metal itself. Perhaps this is why Rickards and other high-profile guys are promoting the metal to the masses — it is not where the value lies.
For SC subscribers, here’s a 33 year monthly chart of XAU priced in gold (if anyone has the ability to post it for all to see, feel free to do so):
Matthew – that is a fantastic point about pricing the miners in Gold and re-evaluating the strength or weakness of the moves. You, CFS, and many others have made this case before, but it really can be slightly misleading at times to only view Gold through the lens of the US Dollar or really any currency (Canadian or Australian dollar, the Yen , the Yuan, the Euro, etc….). Good stuff!
Here’s a screengrab of the main chart, without the indicators below it:
https://www.dropbox.com/s/se3frzs3pm8haa8/20170220_Matthew_XAU-GOLD.jpg?dl=0
And here’s a long-term weekly chart of the same ratio. I didn’t realize how useful it has been in identifying key turning points.
XAU weekly has quite a bit of overhead resistance here:
http://stockcharts.com/h-sc/ui?s=%24XAU&p=W&st=1980-01-01&en=today&id=p14975074271&a=412195855
And an arithmetic XAU:GOLD weekly chart I shared a while back:
This looks incredibly long-term bullish to my eye.
For cannabis investors, and people with anxiety, arthritis, or liver problems. I somehow missed this in December:
“In December, 2016, the [DEA] announced cannabidiol (CBD) is being reclassified as a Schedule 1 controlled substance, putting it on par with LSD and heroin.”
CBD doesn’t even cause a high. I’ve never heard of it causing harm of any sort. What it does do is reduce anxiety, ameliorate arthritis, and protect your liver.
Obviously, CBD threatens many billions of dollars of pharmaceutical industry profits. Of course, the solutions they offer for anxiety and arthritis have all kinds of nasty side effects, and I believe that pretty much all pharmaceuticals damage the liver.
The DEA, a captive agency, just like the FDA and CDC.
Dr. Chris Shade on CBD:
Ive put my money on recreational use.
Huge compared to medical.
Medical is true, useful etc but the big money is in recreational.
I imagine you’re right, b. Fun trumps medical problems any day. But it could be huge from a number of angles. Industrial hemp uses are vast as well.
Dr Allan Frankel on medical marijuana:
A financial crash is one thing but to try and survive the aftermath is a another game that involves leaving behind your past, very hard to do.
This has been the second consecutive week that the gold price has appreciated along with the dollar.
Over at macro voices.com they contend that there is a shortage of dollars globally.
This could be the start of the disconnect of the inverse correlation between the price of gold and the price of the dollar.
I believe Eric Townsend is a US dollar bull, if he hasn’t changed his mind in the last few weeks since I listened. And I understand why he would be, looking at Europe.
But the charts say otherwise to me. I think this recent bounce in the USD is just a blip in a larger move downward.
http://stockcharts.com/h-sc/ui?s=%24USD&p=W&st=1979-12-31&en=today&id=p47163718713&a=499883318
All weekly charts above. The bounce also seems about spent on the daily chart, with the 50 day simple moving average turning down.
http://stockcharts.com/h-sc/ui?s=%24USD&p=D&yr=3&mn=4&dy=0&id=p95036302838&a=453017036
Gary Savage says the USD is due to head into a 3 year cycle low sometime in 2017. In a more recent post than this one he has speculate that it probably won’t happen until the fall.
https://blog.smartmoneytrackerpremium.com/2017/01/the-dollar-is-headed-down.html
Then there’s this cycles analyst who believes the USD may have recently put in its 15-year cycle peak:
https://likesmoneycycletrading.wordpress.com/2017/01/15/gold-train/
GH – Interesting US Dollar charts. Thanks.
I should add that Rick Ackerman is a dollar bull, with a target for the dollar index of 113 and change. though I’m not sure of the time frame in which he expects that to play out. It’s not my preferred position to be in disagreement with him…but it’s all good, we all need to have eyes in the back of our heads in these markets.
Yes, good charts on the USD. It looks like about 3 or four weeks from now the 50 day MA will go below the 100. That’s probably when it starts a meaningful move down.
Next Hail Mary Attempt – Democrats Suggest Invoking The 25th Amendment Unless Trump “Gets A Grip”
After questioning President Trump’s sanity earlier in the week, it appears Democrats have found another narrative to cling to – invoke the 25th Amendment unless Trump “gets a grip.”
Trump is much saner than John McCain and Pelosi.
My personal opinion on both of them is: Pelosi is a very bright and driven individual (who I, for the most part, disagree with. McCain, a man who I voted for, I think is making some serious mistakes in some of the things that he voices.
Ditto …….on McCain
I did not vote for McCain……..being a warmonger, establishment member..
Democrats are seriously mentally deranged…..They must be thinking and hoping their base is unable to read , unable to comprehend the English language, and unable to use logic..
Jerry, on a serious note, there is a war of sorts going on right now for the minds of the American people. I would assume that a group of very wealth people are organizing and funding it. I certainly don’t condone violence whereas they seem to. One could say that we live in dangerous times in some areas.
Owl….I would agree with you , “that we live in dangerous times”. We are at war, Ephesians 6:12 keeps coming to mind, with every passing day. Ye , shall know them by their fruits.
Matthew 7:16-20
Thanks, Chartster!
You bet, Bonzo. Paul C Roberts is spot on.
These are perilous times. President Eisenhower warned us.
Yes, Ike certainlly did Steele!
Greenspan!
The Gold Forecast – Weekend Review
Trump Completes His First Month as President
Gary Wagner – February 17, 2017
http://thegoldforecast.com/video/trump-completes-his-first-month-president
Gold Uptrend Resumes: Juniors Lead
Super Force Precious Metals Video Technical Analysis
Morris Hubbartt – Feb 17, 2017
(double click the blue links above each set of charts to watch the VIDEO analysis)
This past week in Gold
Jack Chan – Feb 20, 2017
(Technical analysis on the Gold & Silver Mining ETFs)
I think we are going to see action similar to what we had 15 years ago. The senior gold miners quadrupled as the Dow fell 30+%…
http://stockcharts.com/h-sc/ui?s=%24HUI&p=D&st=2000-06-30&en=2002-09-30&id=p04163656137&a=507999498
That won’t hurt my feelings any…. 🙂
Any chance that you can ensure that the USD remains strong as well…so when i repatriate my new found wealth to Australia that my loot goes further.hahha
I agree with Gwen about the “summer doldrums” this year…
I wish when people talk about the summer doldrums they would be more specific about the time periods they are referencing.
In the Northern Hemisphere the summer months are considered June,July and August.
I’ve been tracking companies on the TSX.V that have had a 70-100% record of gaining during the month in the last five years.
For these companies,August is the leader of all the months.
I know that the TSX.V is not all mining companies,but they comprise a lot of the companies.
That being said, to imply August as a “doldrum” month is a stretch. IMHO
It begins with “sell in May, go away…” but those who say to “come back after Labor Day” usually miss the best deals.
I’ve always thought that too much is made of the silly doldrums and don’t expect it to be an issue this year.
I agree that the seasonality factor of the “Summer Doldrums” get’s blow out of proportion a bit, just like the “PDAC Curse” that starts in March. However, it has been useful the last 5 years to at least consider the “Seasonality” factor in trading and pricing tendencies.
However, the current Technical Analysis picture and taking into account recent Fundamental macro inputs is helpful as well. For example, our amigo Glenfidish did accurately call that the “Summer Doldrums” would be mute last year in the strength of the new Baby Bull market in Gold miners, and that the Summer rally would borrow in advance from the normal seasonal gains in the Fall. This is exactly what played out, and it was very “Counter-Cyclical”.
This year in 2017, and the way price movement has gone, it would not surprise me at all to see the normal Seasonality factor (with a PDAC curse in March, Summer Doldrums, and Fall Rally play out). As always though, I continue to also expect the unexpected and remain watchful of any blips, dips, or pips in the miners. Cheers!
Good Stuff Shad
Cheers JohnK. Wishing you good trading as always.
P.S. – Have you notices the stir of activity with Klondike Silver lately? Encouraging.
notices = noticed
Silver is looking pretty good. I’ve been working on Zeolites.
China produces 74% of the zeolites for U.S production,largely laundry soap.
Imagine what a tiff with China could do.
I use to own ABR.V for their lithium exposure,I sold them and have watched them double in price in the last 2 weeks. They just acquired a share of a producing zeolite mine.
Turns out,zeolites are also used in growing marijuana. A nice second derivitive play on the pot stocks.
Finally, Two sure ways to nail every top and bottom.
1.Paper trade on old charts
2. Lie about your trades.
Cheers!
Here are few good recent posts from the #MetalsInvestorForum in case anybody missed them:
1) #MIF January 2017: $NXE $NXGEF NexGen Energy Ltd
2) #MIF January 2017: $VTT $VDTAF Vendetta Mining Corp
3) #MIF January 2017: $R $RDEMF Red Eagle Mining Corporation
4) #MIF January 2017: $EMX Eurasian Minerals Inc
Bill says the Barrick and Goldcorp pops were limited pump & dumps; sees short term retracement, and then “To the Moon, Alice!” lol: https://www.youtube.com/watch?v=CWL-YSo7OKc
Guest Post: “The Heightened Risk Of A Gold Price Reset”, by Andrew Maguire
https://www.tfmetalsreport.com/blog/8172/guest-post-heightened-risk-gold-price-reset-andrew-maguire
Thought you were on vacation Ex???🙂
I am. Just checkin’ in from the laptop as I listen to the ocean, feel the breeze, and have refreshing beverages. Roughing it…..
Nice.Enjoy.Hopefully gold and the rest of the commodities make it even more enjoyable.😎
Scorpio Gold Signs Letter of Intent with Lode-Star Mining Inc. for a Custom Toll Milling Agreement
Thanks guys!
Doing a great job holding the fort this week Chris. Thanks man.
Morning Skeeta 🙂