5 days ago
91 days ago
181 days ago
Investor Gary Savage of Smart Money is the sort of commodities bull who makes our own Nigel Somerville seem almost sane. Almost!
224 days ago
Michael Oliver of Momentum Structural Analysis says this is a when not an if and starts with the problems in the real (US) economy.
269 days ago
More music for the ears of Nigel Somerville. Francis Hunt, Founder of “The Market Sniper” suggests that gold and silver prices have the potential to rise significantly. He believes that gold could reach $2,900 and silver could reach $45-50.
273 days ago
Asset manager Tavi Costa of Crescat Capital sees an impending bull market in precious metals, particularly gold and silver.
289 days ago
Jeff Christian, a gold and silver expert, discusses in this podcast various topics including silver usage in warfare, the role of gold as a “chameleon trade,” and the economic outlook for gold investment. Jeff Christian estimates that globally, between 10-20 million ounces of silver are used each year for warfare-related purposes such as missiles and electronics.
378 days ago
Chartist and trader Patrick Karim asks, “Why is gold going up if it’s so useless?”
485 days ago
I have not heard the word “capitulation” for a while. But trader David Brady discusses what capitulation will look like in this environment.
604 days ago
Trader and writer Francis Hunt of “The Market Sniper” argues that you ain’t seen nothing yet for gold and that silver will do even better when things really heat up.
613 days ago
The world’s largest primary silver producer and Mexico’s largest gold producer, Fresnillo (FRES) has announced results for the 2022 calendar year and said that it is excited about its growth pipeline.
657 days ago
The world’s largest primary silver producer Fresnillo (FRES) has issued a fourth quarter production report and 2023 guidance for 104-115 million ounces of silver equivalent production.
662 days ago
Author and investor Don Durrett might be termed as a bit more of a conspiracy theorist than even our own Nigel Somerville He reckons that the financial media and government tend to release bullish information which is inaccurate and misleading.
671 days ago
Fresnillo (FRES) has seven operating mines all of them in Mexico. This impacted it in 2022 with Mexican labour reform challenges adding to the wider ones such as supply chain bottlenecks and cost inflation. In October a third quarter report concluded “remain on track to meet our 2022 full year guidance of 50.5 to 56.5 moz of attributable silver… and 600 to 650 koz of attributable gold production” and just yesterday the company was “pleased to confirm the final testing of the downstream power distribution and control systems at the Juanicipio project is now complete… commissioning of the project has formally begun. Ramp up will now be conducted at pace”.
952 days ago
Apart from on bitcoin, analyst, Gerald Celente, is bang on the money. He kicks off this podcast with the scamdemic, and the resulting actions of governments around the world. He states that one country after another is acting in lockstep, attempting to ‘flatten the curve’ by locking you down and putting you out of business. Then the vaccines came but, contrary to general belief, did worse than nothing. We in the West adopted the Chinese way of suspending our freedoms.
990 days ago
Precious metals dealer Patrick Yip is clearly talking is own book but is, I think, correct in suggesting that everything is becoming more expensive and we see that in the one year performance of most commodities. The US Consumer Price Inflation (CPI) report of 7.5% seems to be very understated but this rate of inflation alone would remove 35% of your purchasing power in five years.
991 days ago
Nigel Somerville’s hero Jordan Roy Byrne has come out with a big call: gold to $4,000, silver to $100 by 2024 with a stagflationary recession on its way. The great man says that…
1015 days ago
Author and journalist Larry McDonald writes about global political and systemic risk and how to make money from it. He starts his bear thesis with assessing how dangerous the extreme leverage within ALL markets has become.
1047 days ago
Perhaps the world’s best known resource investor Rick Rule is, of course,talking his own book but now he hasretired from Sprott he claims he can speak more freely than before. The joys of being unregulated. Don’t I know it!
1075 days ago
Analyst and silver bug David Morgan warns of the excessive risk created by the use of margin in markets. Excessive leverage led to the 1929 crash and the great depression. Investors can be wiped out if they are not careful.
1108 days ago
Analyst Michael Oliver believes the movement in gold last week was just the start of another bull run. Silver is in a similar pattern to gold but needs to reach $25.37 on a weekly close to trigger a move higher, he claims.
1123 days ago
Investor and writer Nate Fisher kicks off by describing a regular monthly pattern he sees with silver that is indicative of manipulation.
1126 days ago
Analyst Jeffrey Christian admits that folks do not agree about what will happen next. He discusses his recent presentation at the Silver Symposium and how his opinions differ. He notes that all currencies are fiat and that gold’s value is determined by fiat. Much in the same way that currencies are valued by national central banks.
1217 days ago
Patrick Karim is a technicals based trader so take what he says with a pinch of salt but he makes a few big calls.
1218 days ago
This will be music to the ears of our in-house gold loon Nigel Somerville. Trent Norris from Sterling Capital is a gold bull but a silver mega bull. He believes the mining sector is in an excellent buying opportunity at that we are near the start of the cycle, which usually lasts a decade.
1286 days ago
Kevin Wadsworth and Patrick Karim are both chartists so feel free to ignore everything they say.
1304 days ago
As an IT geek turned mining entrepreneur John Lee of Silver Elephant Mining is talking his own book here. He argues that everything in life is probability-based, including gold and silver, and much hinges on the dollar. The dollar has recently broken down, which is great for metals, but if it resumes its uptrend, that would be tamper silver expectations.
1328 days ago
Trader Francis Hunt “The Market Sniper” says that gold is acting as the bellwether for the collapsing global economy. Gold and silver will soon be unleashed, not unlike the recent major moves in palladium and rhodium. He says that a lot is happening behind the scenes that will affect precious metals, and he looks closely at the macro picture surrounding the markets and bonds.
1359 days ago
This is a bonus video for you all discussing gold with a bull ( Chris), a mega bull (Nigel) and a reluctant & cautious bull (me). We discuss macroeconomics, gold, silver, PGMs and copper and certain gold investments.
1359 days ago
Silver bugs always say that the market is a big con and one day it will crack. The Reddit crowd tried to crack it and failed. But might there be some truth in this particular conspiracy theory?
1366 days ago
Analyst David H. Smith has a prediction to delight we loyal shareholders in Jubilee Metals (JLP). Nope, not Colin Bird’s resignation but almost as good is his view on the relationship between platinum and palladium and why the prices between them are currently inverted. Platinum being quite rare, it is usually more expensive than both gold and palladium. This trend seems to be in the process, he argues, of returning to normal. Good news.
1374 days ago
Jim Forsythe served in the USAF and campaigned for the great Ron Paul, my hero, back in 2008. So he can do no wrong in my book although his participation in the recent #silverrsqueeze is perhaps a minor blemish. Jim says that learning from Ron Paul helped him understand the economic system that the world is under, and “The bigger problems facing the U.S. that are internal.” He has been a firm gold and silver believer since 2007, investing in both miners and physical. He says, “People need to make their own choice to have gold and silver as money.”
1378 days ago
After the recent fun and games in silver, writer Lior Gantz starts this podcast 40 years ago. He explains the 1980 Hunt Brothers short squeeze and how they managed to corner the silver market by buying up a third of the global supply. The government’s solution was to prevent long contracts and forced the Hunt Brothers to sell.
1391 days ago
Good News! There has been a ‘special dividend’ announcement from gold, copper and silver producer in Azerbaijan Anglo Asian Mining (AAZ), with it noting that it has delivered expected strong cash generation. So what’s the detail?
1392 days ago
This is Nigel Somerville’s phrase. I should stress that the two don’t mix but it will be used by Supply@ME Capital (SYME) owning morons as evidence that I am a drunk. Hmmmmmmmm on about 2 units a week, methinks not. I discuss the Supply fraud and what the company’s, honourable and truthful, PR man is telling the morons. And what they should take from it. I look at the silver spike and advise you what Lucian has done in response. I look at reasons for ouzo on cornflakes: Bidstack (BIDS), Remote Monitored Systems (RMS) and Iconic (ICON). I look at a personal winner AEX Gold (AEXG ) which is very cheap and at new bad events at my baddest tip of the year Asiamet (ARS) for which I apologise.
1394 days ago
Macroeconomist Henrik Zeberg analyses where we are in the winter season of the Kondratieff cycle and what comes next. He believes we are approaching the final deflationary phase, which will have severe consequences for investors.
1402 days ago
Asset manager Jonathan Mergott, says that what folks are missing is that we are now seeing a loss of faith in the system. This will be the main driver for gold.
1408 days ago
Gold, copper and silver producer in Azerbaijan Anglo Asian Mining (AAZ) has made a “Q4 and Full Year 2020 Production and Operations” announcement, noting Q4 full-year production of 67,249 gold equivalent ounces – suggesting Q4 of 16,542 such ounces – and that it is looking to “take advantage of the current market to expand.”
1412 days ago
I recorded a long video with Lucian earlier and silver was on his agenda. He will like what analyst Michael Oliver has to say about past markets and how in the 1976 period, investors moved into commodities and stocks went sideways. He believes that today, we are entering a similar period as most commodities have had long basing periods and are now turning upwards. This move seems to be caused by the expansion of the money supply and monetary policy.
1416 days ago
Silver Guru David Morgan says that in inflation adjusted terms silver is near all time lows and that “90% of the move comes in the last 10% of the time.” Physical demand in 2020 for silver from ETF’s has been unprecedented, and the gold-silver ratio has also outperformed. He argues that silver should continue to outpace gold, and he expects this bull run to continue for another two or three years.
1438 days ago
Writer Lyn Alden looks at the economic downturn and notes that we’ve seen a rebound in some asset classes, but, she argues, that it will take most of 2021 to see all the effects play out. We’ve seen a weaker dollar and slowing GDP growth globally. By late 2021 the global economy should improve gradually.
1459 days ago
Asset manager Frank Holmes argues that the US the election results and a split house may be the perfect scenario for the stock market and the ideal scenario for gold. He believes that G20 Central bankers have been functioning as a cartel since 2008 by synchronizing taxation and regulation. Now they are playing with MMT, zero interest rates, and monetary stimulus. However, they have redefined the CPI, and today if you use the old model, inflation is running at close to eight percent. Smart people are buying real assets like art, gold, silver, mining equities, and bitcoin.
1466 days ago
Trader Patrick Karim has words which will delight Nigel Somerville and other gold loons.
1551 days ago
Analyst Nick Giambruno explains which assets are “hard assets” and so will fly when fiat is, as now, being debauched. There are key characteristics that make gold the best money, and other assets like silver and bitcoin share many of those features. Bitcoin fits this definition because it’s scarce, and its supply growth is similar to that of gold, gradually declining.
1551 days ago
Once again we stumble across someone who makes Nigel Somerville look sane and balanced. Trader Steve Penny claims that “Commodities have never been so cheap relative to paper assets.” He argues that today is a generational wealth transfer opportunity. His macro thesis is that the national debt is mathematically impossible to repay. History has shown that politicians will always try to inflate away the debt.
1566 days ago
And you thought that our own Nigel Somerville was nutso. Meet macro strategist David Hunter. Hmm, now what are my shares in Ariana (AAU) & Xtract Resources (XTR) worth on a DCF basis with gold at $10,000 oz? I am only kidding; this is quite literally insane.
1566 days ago
ordan Roy Byrne is the only chartist we take seriously and he has a warning for you all. Jordan thinks a correction is coming. GDX & GDXJ hit major resistance levels and breadth indicators are extremely overbought. We highlight support levels in Gold & Silver. All is explained in the latest podcast from Palisade Capital.
1571 days ago
Analyst Andy Schectman of Miles Franklin makes a very compelling case for past market manipulation by large banks like JP Morgan. He sees a perfect storm coming soon – one where there will be no safe haven assets except precious metals. He argues that bonds no longer have real returns when you consider inflation and are guaranteed to lose money.
1578 days ago
A brief and early bearcast today, as I am heading off to Shipston to see my dad and with reference to the sterling price of gold, I have to explain why he is not quite as clever as he thinks. Then it is off to near the Coronavirus hotspot of Leicester to buy an antique wood burning stove. What exciting lives Joshua and I lead. I discuss where next for gold and why companies with no proven resource can be a play on gold & silver prices but are really just a gamble. I cite Alien Metals (UFO) as a case study. What a terrible dog. Then it is onto Mahmud Kamani, Boohoo.com (BOO), the slave labour allegations and today’s news. I read it as bad for the bears and good for Mahmud.
1579 days ago
Finally, the deadwood press is starting to notice that gold is reaching nominal record highs while silver is racing ahead. Admittedly, silver still has a way to go to catch up gold in terms of relative historic underperformance. As I revealed this week, David Lenigas is planning to launch a gold shares investment company on AIM. That the old charlatan has moved from pot to gold tells you where the action is at. But is this a bubble, as was pot? We called the pot bubble, is it time to start lining up your gold shorts?
1582 days ago
Asset Manager Lawrence Lepard says, “What politicians and bankers are doing today is absolutely criminal. When they play with the value of money, they are playing with fire, and that can destroy a society. Having gold is a very good way of preserving your wealth, and in a year or two, investors in gold are going to look far from crazy.”
1583 days ago
And you thought that our own Nigel Somerville, residing in a Montana log cabin with 1200 cans of baked beans, a shotgun and stacks of physical buried in the woods was nutso? Nope, Nigel is one of the most cautious members of the gold bug community.
1589 days ago
Meteorologist turned chartist Kevin Wadsworth discusses the gold-silver ratio and why he expects a further decline after the recent highs. Silver has been outperforming gold.
1589 days ago
Analyst Jeff Clark warns us all that investors should be sceptical of mining companies’ claims because they will always place their best foot forward. Ha ha! I guess he has heard all about AIM.
1592 days ago
Asset manager Patrick Karim uses technical analysis and , at $18.50, is massively excited about silver.
1595 days ago
On Saturday 18th July, anyone serious about mining stocks will be tuning in to MineProphets. The conference will last all day, but the 30 videos plus will stay up until just after Christmas. Tipsters, CEO and a swathe of mining gurus and experts will be presenting, and most of those who do present will also be there on the day to chat to attendees in dedicated chat rooms. And, already, I have one stock that I am almost certain to buy.
1600 days ago
Fund manager Mark Magarian was bullish on the gold market before the crisis began since they were expecting some action by the Fed. However, the pace of the Fed’s efforts has been vast and rapid and thus, he says, he would be absolutely shocked if we don’t see $2000 for gold soon.
1605 days ago
Everyone says silver is a better bet than gold but everyone is wrong says author Mickey Fulp. He regards as “crazy” some equity valuations that have developed and what he coins “Market Covidicy.” He cautions that if gold or silver were to suddenly head multiples higher, you would probably want to have a bug-out bag by the door and a survival bunker nearby.
1608 days ago
Is now the time to buy gold aggressively or has that ship sailed? What about silver, uranium, rare earths? We have assembled a panel of true experts ready to present to you on how to make money from mining stocks and all will present at MineProphets.com on July 18. You can book your seat HERE.
1629 days ago
Veteran analyst Michael Oliver started his career back in the mid-70s when gold was re-legalized. Instead of focusing on price, he looks at long-term trends, which is important because price being based in fiat can be misleading. He says, “Today, we are in the hyper-space of money printing.” Using price can be compared to building a house with a yard-stick that changes in length. Their focus is on the longer-term and not the day to day, they look for structure rather than short moves in momentum.
1630 days ago
Writer Chris Temple expects a big uranium rally as many things are happening with uranium behind the scenes. Past policies have hindered the US standing in the uranium industry, and, Chris says, that President Trump is now attempting to correct those policies. The coming supply changes could be opportunities for prudent investors.
1655 days ago
Trader Chris Vermeulen is expecting another market correction since the fundamentals for the market have only worsened. Small investors have been piling in while smart money has been exiting. He warns that “The average person is going to get completely slaughtered.” But he is bullish on silver, as it seems primed for a move higher.
1657 days ago
Bullion dealer Mark O’Byrne starts his thesis with economics. He outlines the differences between bail-outs and bail-ins and why he thinks bail-ins are less likely to occur. It seems that governments are planning on inflating their issues away instead.
1661 days ago
Investment analyst David Hunter of Contrarian Macro Advisors has views that are controversial and not in any way mainstream. In terms of shares in general, David expects a rebound this summer and fall followed by another pull-back in the market. The market should rally for a few more years due to massive money printing by the Fed and central banks.
1680 days ago
Financial writer David Skarica discusses the economy and why many companies are mostly built on quicksand and debt. Excessive borrowing and inflated valuations have created additional risks. Companies have spent much of their earnings on stock buybacks which have made many companies vulnerable in a downturn. Everyone has borrowed and many are over-leveraged and now we see the hidden consequences of all that borrowing.
1682 days ago
Jordan is the only technical analyst we take at all seriously but this call from the guru at Palisade Capital is surely a tad extreme?
1707 days ago
Bullion Dealer Gregor Gregersen may be talking his own book but he makes a very powerful case for being a silver mega bull.
1713 days ago
Newsletter editor David Skarica talks a lot of sense in the latest podcast from Palisade Capital. He starts by comparing Covid 19 to the Spanish flu pandemic of 1918 and discusses why it was under-reported.
1816 days ago
Analyst David Hunter says that he is one of the more bullish analysts on the street for gold. Gold reached $1560 this year and is nearly finished a consolidation phase. A further rally could happen soon, and he has raised his targets for gold to $1800 and $26 for silver.
1882 days ago
Investor and fund manager Matt Geiger starts with a discussion of the nickel market and its performance over the past year. The long-term demand picture looks good as E.V. adoption rates continue to grow, and Matt suggests that lithium-ion batteries should instead be called nickel-ion batteries. He thinks the market will embrace the improving nickel narrative.
1904 days ago
Technical analyst JC Parets has been bullish for the last year on precious metals, and a part of his thesis was a call for a weaker dollar. However, the dollar index has been flat while gold and silver have shown a great deal of relative strength. If the dollar weakens, that would likely boost the uptrend in metals while if it strengthens that may weaken gold.
1947 days ago
Analyst David Hunter is sticking to his target of $1550-$1600 for gold, which he predicts will be reached around early September. For silver, he feels that $26 is still a definite possibility. He says, “When people become more interested in gold silver will head higher. Silver usually underperforms on the downward moves in gold and outperforms when gold rallies.”
2073 days ago
Fund Manager Lawrence Lepard argues that inflation is in the process of returning, and the Fed is losing credibility. More people realize that the money system itself is terrible. Unlimited credit is a temporary solution to regular markets, and the end-point of this process could be hyper-inflation. He believes investors will begin to chase gold as the broader markets are likely not headed to new highs. The technical picture for gold is looking good. Commodities are very cheap right now while stocks are almost certainly over-priced.
2094 days ago
Analyst David Hunter notes that Gold and silver peaked in 2011, since then we’ve been in a long consolidation period. He is very bullish on gold, and he is calling for $1550 for gold and Silver to $26 by mid-year. The dollar is likely to roll-over soon, and he expects the US dollar index to decline to around 86.
2115 days ago
Newsletter editor and broadcaster David Morgan contrasts today’s market with that of the bull market of the 1970s. Back then the coinage had just separated from the silver standard to today’s fiat standard. People at that time understood this would lead to problems. However, few recognize this fact today. He says, “From a value investor perspective, you need to consider that on an inflation-adjusted basis; silver is cheaper than it has ever been.” This is due to the amount of money printing in the world today.
2138 days ago
The one technical analyst we take seriously, no not the Sith Lord Zak Mir but Jordan Roy-Byrne, sees resistance levels on the charts for gold and silver which indicate that we are not in a bull market yet and indeed we may see some short term weakness. Courtesy of Palisade Capital, over to the great man...
2142 days ago
Entrepreneur Lior Gantz claims that the outlook for Gold and Silver is improving dramatically. His thesis is that recent market action has resulted in a rebound. In September mining stocks hit 52-week lows, and the regular markets are now entering bear market territory. Inflation is on the rise and many states are hiking their minimum wage. Recent US Dollar strength is actually a bearish sign.
2283 days ago
Sprott is the world's best known resource investor so, after a sharp sell off in precious metals, its call that a sharp bounce is on the way should be taken in context. Over to analyst Shree Kargutkar...
2291 days ago
It is not a good time to be a precious metals bull. In the latest podcast from Palisade Capital David Morgan discusses the recent drop in silver and how it is another “spike low.” He argues that these massive down days are often very sudden quick drops and that these “spikes” are a good entry and exit point if you’re looking to get into the market.
2322 days ago
In this week's video update from Palisade Capital and the only technical analyst we give any time to at all, Jordan Roy Burne discusses where the market is and why it failed to break-out. Traders were anticipating a breakout, and many are likely disappointed. The dollar is consolidating and now above the long-term moving average. Concerning GDX and GDX.J, things are still pretty dull. Jordan warns that “Silver is also on the verge of breaking down out of a triangle.”
2500 days ago
Gold is positioned for a major breakout in 2018 and the gold stocks and Silver are not far behind. That is the claim of Jordan Roy Byrne the Technical Analyst at Palisade. In the video below he demonstrates his thesis by analyzing 6 different charts and the key resistance levels these markets could test very soon.
2562 days ago
Yes it does sound crazy but we live in a crazy old world don't we? Keith Neumeyer argues that the reason the resource markets are lagging is due to institutions not entering the metal market. The this is that until there is a crack in the major markets, we will not see institutional money flow into the mining equities. The market is quite similar to the year 2000 when it was flat and then took off. History is repeating itself. We need some sort of correction and sane-ness to enter the market. He feels the coming bull market will be quite impressive.
2626 days ago
I still really do not understant bitcoin but it seems to grip fellow libertarians like Dominic Frisby and, in this case, resource guru Doug Casey. In this Palisade Capital podcast, Doug discusses the commodity markets and why the most important thing is what they do cyclically. Most commodities are down 50% since 2011 and the dollar has lost 20%. Commodities remain quite cheap, particularly gold, silver, and copper. He discusses Junior miners and why now is a good time to get into these markets.
2628 days ago
Precious metals guru David Morgan is excited about the future of silver, “I have a lot tied to this sector. I’ve always felt that the highest calling you can have is to live your passion. You can be self-serving and serve others at the same time.”
2639 days ago
Fund manager Matt Geiger thinks we were in a consolidation period of this precious metals bull market for the past year. He doesn’t see much downside from here. It’s been a relatively healthy period for investors to get into the market. In terms of the gold price we are more likely to reach $1400 than to see $1200 again, he argues.
2688 days ago
In this video from Jordan Roy Byrne, Palisade Capital covers Gold and Silver and where they could go over the very short and medium term. It also covers gold stocks which are trending lower slowly but remain in a massive multi-year bottoming process. Overall the picture is one that will make the bears not the bulls happy bunnies.
2906 days ago
Daniel Ameduri of Future Money Trends says we are now in unprecedented times, and that the US is in a structural depression. That will see stocks get whacked.
2932 days ago
Short answer: No. Well that is the response of Dave Kranzler who manages gold and precious metals fund in Denver. Short term maybe the answer was in fact yes. But taking a broader perspective I reckon Kranzier is correct. He writes over on the Sprott website:
2970 days ago
Recently, we have seen gold make a downward turn. Jordan Roy-Byrne of Palisade Capital predicted this turn, and put a hedge on his gold positions. He thinks we should be looking for a bounce soon. If October doesn’t turn to be a bad month it will be a good sign that we will start to move up again. If the market takes more time to digest these losses, it could be anywhere from a month to a few months before we start to move back up again.
2988 days ago
Thom Calandra has learned with age that trying to predict where the world economy will go is often very difficult. The purchasing power of gold and real estate against paper currencies is a possible indicator. There is a compression of paper currency everywhere, and it’s difficult to see where the US dollar is going when it’s only trading against other paper. His ultimate insurance is to have plenty of metal stashed away. Against that background...
2997 days ago
Since the beginning of the current bull market, silver is already up 40%. While not enough to get crazy in the Hamptons yet, silver has incredible torque to outperform gold and based on this chart, we predict silver will hit $70 an ounce this cycle. But it could be more. That is the claim made by Palisade Capital. Over to the broker. which writes...
3035 days ago
As a historian, Don Coxe is cautious in saying there is something new under the sun. He didn’t think he would live long enough to see the creation of an entirely new asset class, which is negative and seemingly endless in scope. Negative yields were first created by the self-financing Swiss to get the euro-zone moving again. Don likens them to the multiplying of bad germs, and finds it likely that there will be painful corrections in the economy, the stock market, or both.
3040 days ago
As societal and political structures continue to breakdown worldwide, survival instincts are heightening. This inspires self-organizing communities and a decreasing confidence in central banking and other key infrastructures. Precious metals as a medium of exchange has thousands of years of tried-and-true history, so people run to these safe havens. Precious metals guru David Morgan thinks gold and silver have already hit bottom, and because of the unique situation in the world today, he wouldn’t rule out gold lifting to $10,000 oz! Oh I do hope so!
3054 days ago
Fund manager Etai Friedman says he has never seen a bigger green light in his life. It is literally the most obvious trade on the planet. The trade is so good that Etai just rebalanced his portfolio from a very small gold and silver allocation to 75%! And he’s not done yet. He expects to go 100% towards precious metals within the next couple of months. In this week's podcast with Amanda van Dyke's colleagues at Palisade Capital he explains why.
3674 days ago
Equities are up. In this podcast, I discuss why but why this is not the start of a bull market. It is temporary coke and hookers time in the City and on Wall Street but only for a while. Next up I look at: Fitbug, ULS Technology & the failings of AIM, Arian Silver and other gold and silver producers, Coms and in detail following a chat with a former bull and insurance guru, Quindell.
4138 days ago
Sprott Asset Management is the world’s most successful precious metals and precious metals stocks investor. Its head honcho Eric Sprott is a big silver bull. So maybe the group is talking its own book here but it is an interesting take none the less. Personally I think solar power is a busted flush & have no great faith In China five year plans, but there you go. Sprott AM writes:
4139 days ago
AIM Cesspit listed Arian Silver (AGQ) has overdosed on its equity drawdown death spiral. It failed to attract any interest for a share placing a few months ago as I exposed on this website provoking much anger from its dickead of a PR man. And so it has issued convertible debt which is incredibly expensive – this company really is desperate.
It has not yet actually raised the C$15 million it says that it is doing but has signed up a leading Canadian specialist broker and it says it has one punter who will take the whole lot. I will humour the uber Welsh boyos at Arian by saying that the debt issue will go ahead.
See chaps I am a nice guy. So there is no need to complain about this article. Leave the bleating to your girlfriends. Damn,
4154 days ago
Rick Rule is a legendary fund manager within Eric Sprott’s group – the world’s leading gold and silver experts. He gave this interview the other day in a client call in. It really is great stuff. What he says about management quality in this sector is understatement of the year.
What’s going to happen with gold and silver?
They’re going to be extremely volatile. But these are the sort of times where gold and silver have done very well over time. Remember, as my friend John Mauldin puts it, “We want to own things central bankers can’t print.” They can’t print gold and silver.
Right now, we’re seeing a classic move from one set of hands to another.
4156 days ago
This article by two employees of Eric Sprott, the guru of gold and ( especially) silver stocks has just appeared and is fascinating, if a tad conspiratorial in tone. It reads…
Silver’s year-to-date performance has been the worst among all commodities, falling 35% from January to June 30th this year. It’s been a rough ride for those who have held on, but recent news should give silver investors a reason for some renewed optimism.
4159 days ago
Eric Sprott founded Sprott Asset Management in 2001, and is one of the gurus of gold (and more especially silver). This article appeared the other day summarising Sprott’s thoughts from a broadcast which went out on June 25th. It is an extreme view and clearly Sprott talks his own book but it is interesting none the less.
4185 days ago
Eric Sprott is Mr Silver. He is a passionate bull of the metal and his funds are the number one funds in the sector. About the only reason for buying shares in AIM & TSX listed Arian Silver (AGQ) was that Sprott was a major shareholder. But, oh dear me…he is selling. How will Arian's prick of a PR man spin this one?
4234 days ago
AIM and TSX listed Arian Silver (AGQ) notes that its shares have been falling like a stone and has issued a statement designed to reassure investors.
4239 days ago
A couple of days ago commissioned researcher Edison published a detailed buy note on AIM and TSX listed Arian Silver (AGQ) at 9p suggesting that a target price of 16p was achievable assuming that the company raised $21.4 million of debt and $8 million of equity at the then share price to meet its funding needs until it turns cash positive in early 2015. But life is not that simple, especially in an environment when precious metals prices are crashing.
4275 days ago
I spent two years working along Sam Bottell as he worked with minesite.com and oilbarrel.com and he is a good, honest and clever chap. Now that he is starting his career freelance writing as well as an organiser of the UKInvestor Show I have no hesitation in helping him along via this blog as a guest contributor. As such I bring to your attention a piece on FTSE 250 listed Hochschild Mining. Sam writes...
It has not been the greatest call of my career. I rated shares in silver miner Hochschild Mining (HOC) as a buy here at 424.9p less than two months ago. The shares now stand at 352p and self-evidently there is a bit of egg on my face. Was my call wrong? Are the shares even cheaper today?
To be fair to myself one of the attractions of buying this company is that it is the only serious, well managed pure silver producer listed in London. That still remains the case. Those of us who are long term silver bulls can buy the stock and as silver increases sharply during the next few years we will inevitably gain. However we must accept that there will be periods when the silver price retraces during its long term uptrend and Hochschild shares will retrace in line with that. Day one of those silver price retracements occurred just after I published that buy tip.
4302 days ago
This is the annual letter sent out by my friend Richard Poulden. This year – as every year – we wil hold a 10 minute debate at the UKInvestor Show – I am not sure of the subject matter yet but it is always sparky. I am not sure that I agree 100% on China but on Europe we are at one. No debate there. Over to Richard:
“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation” – Alan Greenspan, 1966
“Keep a clear head and always carry a light bulb” – Bob Dylan, 1965
Yesterday morning in Dubai was foggy: thick, gooey, 12-metre visibility stuff. As I drove my daughter to school , I said: “Let’s see how many cars we can find driving without lights”.
“Come on”, she said, “no one could be THAT stupid”
“Oh yes they could”, I said, “I’m going for a starter of three”.
Well we found three cars in the space of a few blocks. As we hit Sheik Zayed Road where the traffic in the fast lane was still doing 120km, she said: “OK, this is crazy, let’s go for 8 or 12”.
“That’s fine”, I said, “but I want to go for the big one: I want to find the European Union…. I want to find a bus..or a large sewage tanker”……and we did.
The gurus at Deutsche Bank published a study
4321 days ago
I spent two years working along Sam Bottell as he worked with minesite.com and oilbarrel.com and he is a good, honest and clever chap. Now that he is starting his career freelance writing as well as an organiser of the UKInvestor Show I have no hesitation in helping him along via this blog as a guest contributor. As such I bring to your attention a share tip from TradingResearch Point on African Hochschild – as it happens I agree with his thesis.
Hochschild Mining (HOC) in my opinion, is the only sensible way to get gearing to silver on the London market and as a silver bull that naturally arouses my interest. On 23rd January the company released its Q4 and calendar 2012 production numbers which came in ahead of expectations. It has a strong balance sheet and a clear pipeline for a marked ramp up in production. As such, at 424.9p valuing the company at £1.3 billion the stock is a buy. Here is why.
Whilst silver may be considered the poor man’s gold, the explosion in paper money as a result of QE has to drive inflation at some point and that should push gold higher dragging silver with it. But there is more. Increasing industrial and medical demand for silver means that, in my view, it will outstrip gold. As such I am a silver bull.
4353 days ago
2012 was not a good year for precious metals stocks and with a number of commentators calling gold lower, December was another poor month. However TSX and OTC listed Aurcana Corporation (AUNFF.PK) announced on 14th December that its second major silver mine, in Shafter, Texas, was now in operation and that has propelled it into the ranks of the mid-tier producers, something not recognized in a share price of US$0.94. As production ramps up during 2013 this stock is one that should enjoy a material re-rating. My target share price is US$1.89 per share.
