Base Metals, Gold, and Uranium – What Actually Matters
Lobo Tiggre, Founder of The Independent Speculator joins me to share his thoughts on a range of resources. We start with base metals and how the trade war fears are impacting price. China is also considered on the demand front. We then switch to gold and its inability to rebound after the summer drop. Finally a sector that is moving up is uranium but Lobo points out there is still plenty of room to the upside.
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I think you are correct…………gold should be getting a bid………..
Putting a Floor under gold……………
https://www.zerohedge.com/news/2018-09-27/global-central-bank-buying-puts-floor-under-price-gold
So, who’s taking advantage of this weaker gold price?
The Global Central banks – but specifically the Emerging Markets.
Gold has long-term support for higher prices. . .
That’s because Central Banks are now net-buyers (specifically the Emerging Markets). And ‘peak gold’ production is over – mine output continues declining as major gold deposits dry up worldwide.
Due to these two facts; the fundamentals for gold looks exceptionally strong from the increased demand and declining supplies.
Real Estate ……..popper………….
https://www.zerohedge.com/news/2018-09-27/global-housing-bubble-biggest-these-cities
As UBS further notes, last year the house price boom in key cities was already losing intensity and scope. Inflation-adjusted prices declined in almost half of the cities analyzed, which prompted UBS to warn that returns of owner-occupied homes in the next few years is questionable.
Silver looks a lot better than gold:
http://schrts.co/8GGswu
SLV:GLD
http://schrts.co/8oKSqL
The Canadian dollar is up sharply even thought the USD is also up. Just wait till the USD has a bad day…
http://schrts.co/Wzw26P
It just might close the week above the 200 week MA for the first time since April. This action is friendly to the PM miners.
http://schrts.co/M5WAeF
Matt:
We really owe a debt of thanks to Bill for pointing out the metals were about to move much higher. His timing is always almost perfect.
I don’t know what we’d do without him!
Off topic, but I don’t think I can support Kavanaugh anymore. https://www.americamagazine.org
No offense, Snowy, but this opinion from the Jesuits is just AWFUL.
Why not just say, “The Democrats have succeeded in muddying the waters sufficiently that it would be best to throw in the towel”?
I believe Rs were justified in stonewalling Garlands nomination, as it is an outrage for a country that is 2% Jewish to have 44% representation on the Supreme Court, which it would have been with Garland.
Snowy:
I’m not sure the Catholic church would be the best place to get any sort of advice on sexual matters unless you like little boys and girls.
Today I am celebrating the 85th birthday of Brigette Bardot, French patriot. Vive Bardot!
SILJ:
http://schrts.co/fTzpbL
Silver found support where it should have and now looks very appealing:
http://schrts.co/FAwCZE
Is the Dow heading for 31,000+? I don’t think so buy that’s what the P&F chart for Dow etf DIA suggests.
To be clear, the P&F chart for the Dow itself is not confirming the DIA P&F chart.
So far, today has just been a gap-filling exercise for GLD. We need more than that!
http://schrts.co/FrdMwY
long XENE
This would be a good time for gold to catch a bid:
http://schrts.co/nqL8dv