A lack of investor sentiment in the gold space can be remedied with more greedy speculators, said Derek Macpherson, VP of Mining Analysis, Red Cloud Klondike Strike Inc.
"Greed comes from big share price performance, when you have exploration holes, and when stocks get taken out, and that's what gets people excited about junior mining," Macpherson told Kitco News on the sidelines of the Precious Metals Summit in Beaver Creek.
"People don't invest in junior mining to make 100% of their money, they do it for the opportunity to make 1000%," he added.
Jason Burack spent over 3 hours of research going through the most recent investor's presentations and financial statements for the 3 largest and lowest cost primary silver miners: Fresnillo Mining, Pan American Silver and First Majestic Silver.
He put his research into a PowerPoint Presentation slide deck to share what he found in easier to understand terms for his listeners.
In past eras of human civilization, the wisdom of respected "elders" guided much of the decision-making in society.
But today, when youth is revered and age is equated with obsolescence and irrelevance, that role and its sage counsel have been lost. It's not that we as a culture don't have desperate need for such wisdom. We do.
Perhaps more than ever given the intractable and unsustainable issues we face, an over-indebted world economy, resource depletion, species loss, eroding civil liberties, etc.
In this week's podcast, Stephen Jenkinson, author of the new book, Come of Age: The Case for Elderhood in a Time of Trouble, returns to explain how the role of elder might be re-instated.
It won't be easy, but it may just be one of the essential ingredients we need to make it through the challenge times ahead.
Jay introduces the guests for the day and gives updated news on sponsors and Michael Oliver provides his momentum/structural analysis for gold, equity and debt markets.
Victor has over 45 successful years on Wall Street in trading independently with his own money and on behalf of big names and other notable investors such as Leon Cooperman and George Soros.
He has managed futures trading for EAM Group of Companies and global investment banks such as HSBC, RBS and Nomura.
Victor is also the founder, CEO and President of Alpha Financial Technologies LLC. He is also a founding partner, CEO and President of EAM Partners L.P.
During this 30+ minute interview, Jason asks Victor about his February 2018 article about the stock market topping then and if debt has reached its tipping point and how Victor's views have changed?
Victor now thinks that emerging markets have reached their limit in terms of debt but he thinks, at least for the short term, that deficits don't matter for the US and that the US will be spared from massive pain until last.
Jason also asks Victor about his newer article about how large US banks have gotten the rules changed so they make large profits no matter what off buying US Treasuries and funding expanding government deficits.
Victor also has very interesting thoughts about President Trump, the upcoming 2018 mid-term Congressional elections, how difficult high frequency trading algorithms (HFT) have made it for human professional traders as well as his thoughts on the US Dollar rally, his comments a few years ago about hyperinflation and his views on where we are now relative to his vast past experience in different market conditions and financial history.
Are we in something similar to the 1970s stagflation or something more like the 1-2 years prior to the October 29, 1929 stock market crash?
Imagine that you know what you know now about silver, but you don't own an ounce. If you purchased $1000 worth, how would you spend it? This is my take on this scenario...
This week we look back at the gold market from 2001 onward, alongside the DOW, US Dollar index, and other financial sectors. Societal tensions are reaching new highs between parties.
Pair this with uncertainty in the currency markets and you have a recipe for a market shift.
We are now just one black swan event away from a major market change. Be ahead of the curve and prepare now.
Fund Manager Dave Kranzler writes, “this is the most bullish set-up for the precious metals in history.”
The Commitment of Traders report shows the commercials are taking net-long positions in gold and silver futures.
The banks must have a good reason for going long on precious metals, Kranzler says. In the midst of this, seasonal buying is likely to come soon from India and China.
As for the economy, is the U.S. doing better than the rest of the world? Kranzler exposes the crisis the U.S. is currently in. The stock market indices are rising, but Kranzler says this is not reflective of a lot of the market.
Longer term, things could get worse. He says, emerging market crises are bound to affect the U.S. market.
