Wednesday, November 15, 2017

The Commercials Have Dangerously Shorted Silver in Massive Quantities

With all the fundamental news and the data releases, gold and silver so far look to be set to eek out weekly gains here, and this encouraging, but Eric says that the commercials still aren’t done yet because the open interest is just too high.

There is discussion of the BLS Jobs Report released just today.

Eric and Craig also discuss the latest news of the Fed Chair nomination in Jerome Powell.

Eric points to signs of hyperinflation all around, namely as evidenced by a recent trip and the soaring cost of Bitcoin in fiat dollar terms.

Finally, there is discussion of the mining sector.

Eric is optimistic however, and he says that gold and silver investor’s day in the sun is still coming.

Thursday, November 9, 2017

Rick Rule: Gold Investor Fatigue Is Going to Lead to a Rally of Epic Proportions

Rick agrees that there is capital misallocation on locating and extracting gold from the ground. Precious metals historically have been the most volatile part of the resource market. Reasons for this include the narrative around gold and silver being more interesting than say that of copper and coal. There is an allure to it. Thus there is a flaw in the way investors think. Investors that focus on precious metals likely do themselves a disservice.

Gold itself has been strong this past year in spite of the dollar also being strong. This is unusual and encouraging. Investor fatigue in the gold sector is not the fault of gold it is the investor’s fault as they have unrealistic expectations in regards to time. Gold stocks haven’t kept pace this year probably because they did so well in 2016. Gold may never be good enough to satisfy the wild interest of speculators but indeed good enough for contrarians to make a tidy sum.

- Source, Palisade Radio

Tuesday, November 7, 2017

Eric Sprott: This is the Key to Outperform in the Gold Markets

Craig and Eric start off by discussing what is turning out to be a slow, drawn out flushing of the speculators on the COMEX.

The conversation then shifts to the bad data that keeps coming out, regardless of what the GDP statistics say.

Since we are in the midst of a short-covering flush, and since the covering has been slow and painful, there is discussion about the mechanics of market manipulation.

Finally, discussion shifts towards the mining industry.

Eric discusses simple strategies that investors can use to research companies to look for returns on their investments in the mining industry.

Friday, November 3, 2017

Eric Sprott: Make No Mistake The Resource Bull Market is Back

Eric reminisces about the early days of Sprott and where we are today in the gold market. He points out that Gold holds it's value, unlike fiat money. 

It’s hard at times to recognize that we are in fact in a bull market; however, we are as the TSXVenture Exchange has had an excellent rally over the past couple of years. 

Price increases in the gold market have a significant impact on the profit line of a company. Price is more important than production. We are in an exciting environment for speculation. 

Some things are speculative, and some investments are well reasoned sure bets with limited down-sides. Eric says to look for opportunities where you can get multiples on your money and where the downside risk is less than 50%. 

If you know you have a good investment than all you have to do is sit back and wait for it to play out. Mr. Sprott discusses several companies that he has a stake in and why he thinks they are good opportunities. It’s difficult when you have a winner to determine how much further a stock can go up. You need to look at how much higher it can go up and look for even better opportunities. 

Try not to get scared out of your trade. Eric doesn’t believe in technical analysis he prefers fundamentals. Company management shouldn’t be conservative when it comes to pricing things they should be realistic. 

As investors, we need to know what is going on. You want to see the future early and know where things are going today not next year. 

How do you find out what is going on? First of all, you listen very carefully, and you have to read things critically. Connect the dots. If the information is in the public domain, you can use it. 

Sometimes smart people talk about companies and what they are into. You have to learn to use whatever you can, and the Internet can be a great resource.

- Source, Palisade Radio

Sunday, October 29, 2017

Eric Sprott Just Made A Prediction On President Trump’s Nomination For Fed Chair

Here’s the latest wrap up of macroeconomic fundamental news on the on the economy in general, and the gold and silver markets in particular.

Craig and Eric begin the discussion with the latest moves in the metals markets, with a round robin from the base metals to the precious. Eric wonders which metal will start to show physical tightness first.

Then the conversation shifts to the nomination for Fed Chair. Eric thinks President Trump will choose the absolute most dovish person possible, and with an expectation of early November at the latest for an announcement, we will know soon enough.

Tune in for Eric’s Fed Chair prediction, as well as an update of the gold and silver mining industry.

Wednesday, October 25, 2017

Eric Sprott: Are We Going To See A Shortage Of The Metal Here?

Eric starts off with discussing the latest data releases of the week, and he says that these numbers must be suspect. One can only assume they are massaged and manipulated to paint a certain picture.

Eric moves on to discussing palladium, and he says the palladium market may be thirty years behind in supply. Eric wonders if the shortage is set to break-out with one of the metals and that could bring everything down.

The conversation then moves on to gold and silver. Eric notes that silver is also short on supply nearly half of a year.

Ultimately, Eric hopes the palladium or silver shortage issues can expose the COMEX for the fraud it is.

There is also discussion of the other metals including the base metals.

After going over the macroeconomic picture and the metals markets, the conversation turns political with the latest happenings in the Trump Administration.

Eric says that it will create weakness for the dollar because everything is uncharted.

Finally, Craig and Eric conclude the week with a discussion on the mining shares.

- Source, Sprott Money

Saturday, October 21, 2017

Eric Sprott: I MUST Warn You

Eric Sprott starts off with a warning “I’m grumpy today and we’ll leave it at that”. The focus immediately turns on the negative jobs report, and on top of Eric breaking down just how bad it was, he is especially angry at the precious metals price suppression and market manipulation going on.

The significance of this week’s move is one of the main events the gold cartel uses as cover to smash price. Eric reminds us the key smashing favorites of the cartel are the FOMC meetings and the monthly non-farms payrolls report (which was today).

Now is a great time to be buying gold to take advantage of this latest whack job on the precious metals. Right now they have succeeded in working the price back down, and they do over and over and over again.

Here’s the latest wrap up of macroeconomic fundamental news on the on the economy in general, and the gold and silver markets in particular.

- Source, Sprott Money

Tuesday, October 17, 2017

Eric Sprott: They Do Whatever The Hell They Want To

Eric Sprott is all fired-up on the smashing of the metals this week by the cartel. The constant bombarding of the precious metals market is not easy to watch, but fortunately, Eric says it is not as violent as it could be.

Eric is also amazed at how the financial press is able to spin Trump’s every move. If he is siding with the democrats on something, it is good for the markets, if he sides with the republicans that’s also good for the markets. Eric says for the time being, the central banks are in full control, and they can move markets wherever they want and do “whatever the hell they want to do”.

In this recap, there is also discussion of the economic impacts of the two hurricanes, as well as a look at the macro level of the economy.

Sunday, October 8, 2017

Eric Sprott: You’ve Got To Put Up With It So The Commercials CAN SCALP

Eric Sprott says that the commercials have been scalping at the COMEX hedge funds and speculators to cover their shorts. However, recent events are very bullish for gold and silver prices going forward…

Craig Hemke interviews Eric Sprott on Sprott Money News

Topics this week includes the latest round of flushing of the specs from the markets. The good news is that once the latest flush is finished, the price will again start to rise.

There is also discussion of macro economics pertaining to the Trump Tax Plan and the developing crisis with the pension and retirement systems in the U.S.

Finally, Eric discusses recent mining and exploration efforts that have been going on in Australia, which includes some pretty interesting discoveries along what has long since been a seabed.

Now is a great time to be buying gold to take advantage of this latest whack job on the precious metals. Right now they have succeeded in working the price back down, just as they do over and over and over again as long as the paper scheme goes on...

- Source, Sprott Money

Thursday, October 5, 2017

Bull Market In Gold Is Just Beginning

“In terms of the near-term on gold, Eric, I’m never fussed about these types of pullbacks. My own feeling going back 40 years is that the most important determinant of the gold price is faith in the US dollar. This faith is expressed by the US 10-Year Treasury, and the delta between the yield on the US 10-Year TIP and the US 10-Year Treasury.

If you believe that past is prologue, that is if you believe that the gold price is going to be primarily determined by faith in the US 10-Year Treasury, and you observe that the US 10-Year Treasury has been in a bull market since 1982, and that as a consequence the yield has fallen from 15.6% to 2%, I think you’re struck with the fact that the bull market in treasuries is closer to the end than to the beginning. Which means that the bull market in gold is closer to the beginning than the end.

If gold sells for $1,300 or gold sells for $1,350, neither price point is of any particular interest to me. I hold physical gold because it’s a medium of exchange that’s simultaneously a source of value. And a $20 move, $30 move, or a $50 move in either direction isn’t even background noise from my point of view. I’m in this for the long-term because gold is headed a lot higher than what it is trading for today.”

- Source, Rick Rule of Sprott Asset Management, via King World News

Monday, October 2, 2017

Rick Rule On Comments From Paulson & Co. About Gold Miners, Plus What’s Next For Gold

Today one of the wealthiest street smart pros in the business spoke with King World News about the comments from Paulson and Co. criticizing the gold mining industry as well as what to expect from the gold price going forward.
Eric King: “Rick, the comments about the mining industry coming from Paulson and Co. were fascinating. Your thoughts on what unfolded.”

Rick Rule: “Well, I think its hugely useful what he is proposing. Marcelo Kim was proposing that some of the bigger mining investors in the world, ourselves included, form a shareholders council — sort of like the World Gold Council — and advocate for change among the major mining companies. I think this is so important, Eric, because the change needs to come from us (investors)…

“If you look back to what started the current sort of paradigm around gold stocks, in my opinion it was the move in the 1970s of the gold price from $35 an ounce to $850 an ounce. And despite that incredible move in the bullion, many of the gold shares generated even larger returns. The consequence of that is that investors have looked at the gold mining industry to provide them one thing, which is leverage to the gold price. Now, amusingly, when you ask a gold company to exhibit leverage, what you are really asking them to do is be marginal because the high cost producer gets the best margin increase from an increasing gold price."

- Source, King World News, Read More Here

Friday, September 29, 2017

Eric Sprott: A Group of Suckers That Get Wiped Out All The Time

Eric Sprott says that Fed meetings are one of the two key cover events used to really whack gold and silver prices. Eric says that now is a good time to be buying physical, but those playing the paper games will get wiped out again. Here’s the latest…

The commercials are disgustingly more coordinated than ever. They are both long and short paper gold and paper silver in the markets, and they have been playing this game for years.

Now is a great time to be buying gold to take advantage of this latest whack job on the precious metals. Right now they have succeeded in working the price back down, and they do over and over and over again.

The significance of this week’s move is one of the main events the gold cartel uses as cover to smash price. The other being the monthly non-farms payrolls report.

Here’s the latest wrap up of macroeconomic fundamental news on the on the economy in general, and the gold and silver markets in particular.

- Source, Sprott Money