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Gold will soar when this country votes in favor of TRexit.
Ha,Ha,Ha...good one!
Have you heard that children ie: 4th graders, are drawn to pedophiles.
You asked...
Kaine looks like a pedophile, probably one of Bill's friends from Epstein's Island.
Pence seems like a good man, one not to be trifled with.
Geo, are you referring to this PR announcement or do you have further information?
Gran Colombia Gold Announces Strategic Review Process
T.GCM | September 16, 2016
TORONTO, ON--(Marketwired - September 16, 2016) - Gran Colombia Gold Corp. (the "Company") (TSX: GCM) (OTC PINK: TPRFF) announced today that, in light of current market conditions and the Company's improved operational and financial performance this year, it has engaged GMP Securities L.P. as its exclusive financial advisor to conduct a strategic review process that will explore alternatives to enhance shareholder value. The strategic review process will be broad and could include, but not be limited to, a strategic investment in the Company by a third party, a business combination with another entity, a recapitalization of the Company, a reduction of the principal outstanding under the Senior Secured Convertible Debentures due 2020, a sale of the Company, or some combination of the foregoing.
At present, there can be no assurance as to what, if any, strategic alternatives might be pursued by the Company. The Company does not intend to disclose further details with respect to its review of strategic alternatives unless and until the Board of Directors has approved a specific transaction or otherwise determines that further disclosure is warranted.
Read more at http://www.stockhouse.com/news/press-releases/2016/09/16/gran-colombia-gold-announces-strategic-review-process#u3jHSmHXDk476jef.99
Both were replies to popgun...I guess popgun's posts left him speechless, no surprise here.
For the life of me, I can't understand what is wrong with this stock?
The Top 100 Most Damaging Wikileaks Emails (so far)
http://www.mostdamagingwikileaks.com/
Absolutely stunning! Treasonous!
Whoever, owing allegiance to the United States, levies war against them or adheres to their enemies, giving them aid and comfort within the United States or elsewhere, is guilty of treason and shall suffer death, or shall be imprisoned not less than five years and fined under this title but not less than $10,000; and shall be incapable of holding any office under the United States.
He can only pardon her on one count, not the 100's of other felony's committed.
Even The liberal Rag New York Post Is Fessing Up.
"Obama told us he’s honorable — but he’s just another liar"
By Kyle Smith October 30, 2016 | 9:51am | Updated
At least President Obama is honest. Or so goes the common perception. He tried, maybe he made mistakes, the other side was mean to him, but through it all, he didn’t lie.
That view got smithereened this week. It was always hard to believe the president’s repeated claim that he didn’t know his own secretary of state was using an off-the-books e-mail server to avoid public scrutiny, in the process virtually guaranteeing that she would commit multiple felonies by taking classified information into the open.
Now we know Obama was lying. His own aides said so, in e-mails uncovered by WikiLeaks and made public this week.
In March 2015, Obama made the ridiculous claim that he had learned about Clinton’s e-mail server “the same time everybody else learned it, through news reports.” In fact, not only did he know she was using a private e-mail address for state business, but he had corresponded with her via that address.
“We need to clean this up — he has e-mails from her — they do not say state.gov,” Cheryl Mills, a top aide, wrote to John Podesta, another senior adviser, on March 7, 2015.
Obama spokesman Josh Earnest did indeed try to “clean this up,” two days later, by changing the subject.
“The point that the president was making is not that he didn’t know Secretary Clinton’s e-mail address — he did — but he was not aware of the details of how that e-mail address and server had been set up, or how Secretary Clinton and her team were planning to comply with the Federal Records Act,” Earnest said.
Obama is just another lying politician.
Try that technique on your wife sometime when she finds out you were at a blonde’s house when you said you were going to church. “I didn’t mean to say I was at Holy Name — I wasn’t — but I just want to clarify that I was not aware of what year the church was built.”
Despite the sacred sheen of Obama idealism that the media have been struggling to keep polished all these years, our president is an ordinary politician who lies for the same reason other pols do. He thinks whatever means he uses are justified by the ends — his awesome mission to make America a better place.
In promoting ObamaCare, Obama repeatedly and shamelessly lied to the American people: “If you like the plan you have, you can keep it. If you like the doctor you have, you can keep your doctor, too,” he said on June 6, 2009, in one of dozens of similar remarks. Obama knew this was untrue at the time; it was built into the plan that millions would lose the health plans they had.
There is a distinction between lies and political BS.
BS can involve starry-eyed thinking that won’t survive acquaintance with reality. Obama might have actually believed himself when he promised “the most transparent administration in history.” Today it’s obvious that instead, Obama’s White House has been “one of the most secretive,” as Washington Post media columnist Margaret Sullivan put it.
It wasn’t mere B.S. when Obama lied about Benghazi: “We revealed to the American people exactly what we understood at the time,” he said on Feb. 2, 2014, though his administration knew the night of the Sept. 11, 2012 attacks that they were planned, terrorist acts. On Sept. 16, 2012, UN Ambassador Susan Rice, working from White House-approved talking points, repeatedly blamed the Benghazi attacks on a nonexistent protest over an inflammatory video.
Our president is an ordinary politician who lies for the same reason other pols do
Obama lied about the Fast and Furious operation that allowed some 2,500 firearms to be bought by Mexican drug cartels. One such gun was used to murder US Border Patrol agent Brian Terry: “The Fast and Furious program was a field-initiated program begun under the previous administration,” Obama said on Sept. 20, 2012. In fact, the program was launched by Obama’s Bureau of Alcohol, Tobacco and Firearms in October 2009.
Obama lied about immigration: “My position hasn’t changed,” he said on Nov. 20, 2014, as he announced unilateral executive action to normalize the status of illegal immigrants, a move he had repeatedly and correctly said he lacked the authority to make.
Obama lied about the IRS’s targeting of conservatives, even contradicting his own statements that the harassment was “inexcusable” and made him “angry” on May 15, 2013. Less than a year later, when the heat was off, he said there was “not even a smidgen of corruption” and the IRS’s vendetta against right-leaning groups was totally excusable as a bureaucratic snafu.
You get the idea; Google “Politifact Obama false” for lots more along the same lines.
Once upon a time, when we were all bedazzled by his freshness, Obama set about saying whatever it took to get elected. Remember when he promised health-care negotiations would be broadcast on C-SPAN, when he said his deeply held religious beliefs meant he couldn’t support gay marriage, when he said he would not raise any kind of taxes on families earning less than $250,000?
Faith in him proved enduring. Some of his fanboys insist to this day that Obama is a transcendent figure, a “lightworker.”
Nonsense. He’s just another lying politician.
Trump being elected = TRexit.
Please start, I found your post on the Goldbugs board.
Monk, I see no post from you in that regard on Friday. I am very surprised this wasn't even mentioned on zerohedge.com
Thanks, a little more confirmation never hurts!
Breaking news on Friday just before market close:
Belfast High Court rejects Brexit challenges.
This could have been what sparked the dollar tumble and rise in gold on Friday afternoon, not FBI story.
Two of the first legal challenges to Brexit have been rejected by a Belfast court.
A high court judge ruled that the Good Friday agreement in 1998 could not be used to grant Northern Ireland exemption from the UK’s decision to leave the European Union.
A victim of loyalist terrorism, Ulster politicians and community groups argued in court that because 56% of the Northern Ireland electorate voted to remain in the EU, the region’s devolved parliament should have the right to vote on staying in Europe.
But Mr Justice Paul Maguire dismissed this argument, pointing out that the Good Friday agreement was constitutionally relevant only “in the particular context of whether Northern Ireland should remain as part of the UK or unite with Ireland.”
Delivering his judgment in the high court on Friday morning, Mr Justice Maguire said the implications of Brexit for Northern Ireland were still unclear after the prime minister indicated she would start negotiations to leave the EU before March 2017.
Article 50 legal case 'is attempt to reverse Brexit', court said.
“While the wind of change may be about to blow, the precise direction in which it will blow cannot yet be determined, so there is a level of uncertainty, as evidenced by the discussion about how the Northern Ireland land border with Ireland was affected by withdrawal from the EU,” he said.
Maguire said it was not in the court’s power to overturn a political decision but the judgment in Belfast would not prejudice other challenges to Brexit in English courts.
“It is the court’s view the prerogative power is still operative and can be used for the purpose of the executive giving notification for the purpose of article 50. This, however, is said without prejudice to the issues which have been stayed and which are under consideration in the English courts,” the judge said. “In respect of all issues, the court dismissed the applications.”
Among those who took the legal challenge to Brexit was Raymond McCord, whose son was murdered by loyalist paramilitaries. He had argued that Brexit would endanger the peace process and undermine the Good Friday agreement.
After the judgment, McCord said he was disappointed, adding that he would take his case to the supreme court in London. ”We live in a democratic system,” he said. “56% of the people of this country voted to remain.”
A separate case to grant Northern Ireland the right to be exempt from Brexit was taken by a cross-party group of Stormont assembly members, including Sinn Fein’s former regional education minister John O’Dowd and the former justice minister David Ford.
A government spokesperson said: “We welcome the court’s judgment, which agrees with us that the government can proceed to trigger article 50 as planned.
“As we have always made clear, we stand by our commitments under the Belfast agreement and the outcome of the EU referendum doesn’t change this. We will now await the outcome of the parallel cases under consideration by the England and Wales high court before setting out our next steps.”
The Ulster Unionist party said the judgment in Belfast meant that “the days of Brexiteers and remainers are over”.
Stephen Aiken, an Ulster Unionist member of the Northern Ireland Assembly, said: “Whether people like it or not, the United Kingdom is leaving the European Union.
“What the people now need is a united front, battling for the best deal possible for Northern Ireland. We would appeal for everyone’s energy to now be dedicated to that cause.”
Gold Stocks' Winter Rally
Go to link for the below mentioned charts. If you look at Kitco 10 year gold chart enlarged, it sure does seem to be the case, even with the smack downs.
http://www.kitco.com/charts/livegold.html
Adam Hamilton
Archives
Oct 28, 2016
The gold miners' stocks have certainly had a wild ride this year. After initially skyrocketing out of deep secular lows into a mighty new bull market, they recently suffered a massive correction climaxing in an extreme plummet. This coincided with gold stocks' major seasonal low in October. That heralds their strongest seasonal rally of the year heading into and through winter, a very bullish omen for coming months.
Gold-stock performance is highly seasonal, which certainly sounds odd. The gold miners produce and sell their metal at relatively-constant rates year-round, so the temporal journey through calendar months should be irrelevant. Based on these miners' revenues, there's no reason investors should favor them more at certain times of the year than others. Yet history proves that's exactly what happens in this sector.
Seasonality is the tendency for prices to exhibit recurring patterns at certain times during the calendar year. While seasonality doesn't drive price action, it quantifies annually-repeating behavior driven by sentiment, technicals, and fundamentals. We humans are creatures of habit and herd, which naturally colors our trading decisions. The calendar year's passage affects the timing and intensity of buying and selling.
Gold stocks exhibit strong seasonality because their price action mirrors that of their dominant primary driver, gold. Gold's seasonality isn't driven by supply fluctuations like grown commodities experience, as its mined supply remains pretty steady all year long. Instead gold's major seasonality is demand-driven, with global investment demand varying dramatically depending on the time within the calendar year.
This gold seasonality is fueled by well-known income-cycle and cultural drivers of outsized gold demand from around the world. And the biggest seasonal surge of all is just now getting underway heading into winter. As the Indian-wedding-season gold-jewelry buying that fuels this metal's big autumn rally winds down, the Western holiday season is ramping up. The holiday spirit puts everyone in the mood to spend money.
Men splurge on vast amounts of gold jewelry for Christmas gifts for their wives, girlfriends, daughters, and mothers. The holidays are also a big engagement season, with Christmas Eve and New Year's Eve being two of the biggest proposal nights of the year. Between a quarter and a third of the entire annual sales of jewelry stores come in November and December! And jewelry historically dominates overall gold demand.
According to the World Gold Council, jewelry accounted for 58% of total global gold demand in 2014 and 57% in 2015. That works out to about 4/7ths of annual gold demand. The first half of 2016 proved a historic exception, as gold investment demand trumped jewelry demand for two consecutive quarters for the first time ever. Nevertheless jewelry demand still ran 40% even in H1'16's young investment-driven gold bull.
This outsized Western jewelry buying heading into winter shifts to pure investment demand after year-end. That's when Western investors figure out how much surplus income they earned during the prior year after bonuses and taxes. Some of this is plowed into gold in January, driving it higher. Finally the big winter gold rally climaxes in late February on major Chinese New Year gold buying flaring up over there.
So during its bull-market years, gold has always tended to enjoy major winter rallies driven by these sequential episodes of outsized demand. Naturally the gold stocks follow gold higher, amplifying its gains due to their great profits leverage to the gold price. Today gold stocks are once again just heading into their strongest seasonal rally of the year driven by this robust winter gold demand. That's super-bullish.
Since it's gold's own demand-driven seasonality that fuels the gold stocks' seasonality, that's logically the best place to start to understand what's likely coming. Price action is very different between bull and bear years, and gold is absolutely in a new bull market. Between the 6.1-year secular low it suffered in mid-December and early July, gold powered 29.9% higher easily exceeding that +20% new-bull threshold.
Gold's last mighty bull market ran from April 2001 to August 2011, where it soared 638.2% higher! And while gold consolidated high in 2012, that was technically a bull year too since gold just slid 18.8% at worst from its bull-market peak. Gold didn't enter formal bear-market territory at -20% until April 2013, thanks to the crazy stock-market levitation driven by extreme distortions from the Fed's QE3 bond monetizations.
So the modern bull-year seasonality relevant to this new bull year of 2016 ran from 2001 to 2012, before the Fed-induced bear-market years between 2013 to 2015. This first chart distills down gold's bull-year seasonal tendencies by averaging gold prices indexed within each calendar year. This methodology is essential because it renders price percentage moves perfectly comparable despite differing prevailing gold prices.
Gold's close on the final day of each preceding year is recast at a level of 100, with all the following year's daily gold closes indexed off that. An indexed level of 110 simply means gold is up 10% year-to-date at that point. Each calendar year's individually-indexed gold prices are then averaged together to arrive at this gold-bull seasonality. Gold has always had a strong tendency to enjoy major winter rallies.
During its last bull-market years from 2001 to 2012, gold's major winter rally started on average in late October. Technically gold's major seasonal bottom averaged being carved on that month's 16th trading day, which happened to be October 24th this year. From there gold surges into its strongest seasonal rally of the year. Between late October and late February in its last bull years, gold blasted 10.1% higher on average!
These big winter-rally seasonal gains are much larger than the 4.3% and 7.5% averages seen in gold's other major seasonal rallies in spring and autumn! That makes late October one of the best times of the year to deploy capital into gold. That Western holiday gold-jewelry buying fuels such outsized demand that November has long proved gold's best calendar month of the year with average bull-year gains of 4.0%.
While this bullish gold seasonality really moderates in December with an average 0.8% bull-year gain, it soon accelerates again in January on that surplus-income gold investment buying. The 2.7% average gain gold enjoyed in January during those bull years between 2001 to 2012 makes for this metal's third best month of the calendar year. This winter-rally span is when gold enjoys its peak seasonal tailwinds.
Unfortunately the great majority of speculators and investors remain wary of deploying into gold to ride its strong seasonal winter rally. Just like last year, the former are terrified of the next Fed rate hike once again arriving in mid-December. Gold-futures speculators in particular have spent recent years fooling themselves into believing Fed rates hikes are gold's mortal nemesis, despite history proving that totally false.
The record is crystal-clear, gold actually thrives during Fed-rate-hike cycles! Before today's there have been 11 since 1971, and gold has averaged impressive 26.9% gains across the exact spans of all these Fed-rate-hike cycles. In the majority 6 of these where gold actually rallied, its average gains were a staggering 61.0%! In the other 5 where gold retreated, its average losses were an asymmetrically-light 13.9%.
Gold blasted higher during Fed-rate-hike cycles when they started with gold relatively low and unfolded at a gradual pace. Gold not only entered today's current farce of a rate-hike cycle at major secular lows, the Fed under uber-dove Janet Yellen has never been slower in raising rates. With at least an entire year between hikes, it's hard to imagine any more gradual. This snail-like rate-hike setup is very bullish for gold.
During its last rate-hike cycle between June 2004 to June 2006, the FOMC hiked at 17 consecutive meetings for a total of 425 basis points! That more than quintupled the federal-funds rate to 5.25%, an inconceivably-high level today. Even though that was an extremely-aggressive rate-hike cycle, gold still managed to power 49.6% higher over that exact span! Rate hikes are no threat to gold's strong winter seasonals.
Meanwhile investors remain distracted by the Fed's ludicrous stock-market levitation, which is retarding gold investment demand. When stock markets remain near record highs and drenched in complacency, investors aren't interested in prudently diversifying into gold. Since gold tends to move counter to the stock markets, investment demand only surges when stocks weaken. That's what ignited 2016's gold bull.
As the Fed's surreal stock-market levitation cracked early this year, American stock investors flocked to gold via shares in the flagship GLD SPDR Gold Shares gold ETF. When they buy its shares faster than gold itself is being bought, this ETF's managers must issue sufficient new shares to offset all this excess demand and maintain gold tracking. The proceeds from these GLD-share sales are used to buy gold bullion.
Thus GLD holdings builds show stock-market capital migrating into gold. In Q1'16, GLD's enormous 176.9-metric-ton build represented an incredible 80.6% of total worldwide demand growth in gold year-over-year. In Q2'16, GLD's 130.8t build accounted for a colossal 93.6% of the total global increase in gold demand! The reason gold's bull stalled in Q3'16 is because GLD's holdings actually suffered a 2.1t draw.
When these lofty Fed-levitated stock markets inevitably roll over again, differential GLD-share buying will surge again for prudent portfolio diversification into gold. That will really add to gold's strong winter seasonals, amplifying its rally in the coming months. And gold's strongest seasonal rally doesn't even need to be kick started by GLD demand resuming, as it relies on November's strong holiday gold-jewelry demand.
So neither speculators' Fed-rate-hike fears nor investors' current apathy towards gold thanks to near-record stock markets are likely to short circuit gold's strong winter rally this year. And if gold's bull-market seasonals again prevail, that's super-bullish for gold stocks in the coming months. They also enjoy strong winter seasonals thanks to gold's, because gold miners' profitability and thus stock prices leverage gold's price action.
This next chart applies this same bull-market-seasonality methodology to the leading benchmark HUI NYSE Arca Gold BUGS Index. Naturally gold-stock seasonals closely mirror gold's, so the miners are also just entering their strongest seasonal rally of the year. On average in those last bull-market years from 2001 to 2012, the HUI powered a whopping 15.9% higher between late October and late February!
Gold stocks' strong 15.9% average winter rally bests their 13.7% and 15.0% rallies heading into spring and autumn. On average gold stocks' major seasonal bottoming heading into their winter rally arrives on October's 15th trading day, which translates into October 21st this year. Like their primary driver gold, gold stocks tend to rally strongly in November, moderate in December, and then surge again in January and February.
And given the sentimental, technical, and fundamental setups for gold stocks entering this year's winter rally, the usual seasonal tailwinds are likely to help propel them much farther than usual. Just like gold and because of it, gold stocks entered a mighty new bull market early this year as well. Between mid-January and early August, they skyrocketed 182.2% higher in just 6.5 months! It was a wildly-profitable run.
That left gold stocks overbought in the middle of summer, their weakest time of the year seasonally. So as I warned in early July, gold stocks' record summer surge soon rolled over into a major correction. That quickly ballooned to massive proportions exceeding 20%, the threshold for new bear markets in general stocks. Then gold stocks started grinding higher again in September, but were slammed by gold futures in October.
Early this month the HUI plummeted 10.1% in a single trading day, one of its worst losses ever, after gold-stock stops were run. That was sparked by cascading forced stop-loss selling in gold futures as gold slipped below $1300. By the time the dust settled, the gold stocks' total correction per the HUI had mushroomed to a staggering 30.9% in 2.2 months! Such an enormous selloff naturally spawned great bearishness.
So the gold stocks are now entering their seasonally-strongest period of the year universally despised and very low technically. These are screaming buy signals within ongoing bull markets, greatly upping the odds gold stocks' next major upleg is just getting underway. Add the winter rally's strong seasonal tailwinds to exceptionally-bullish sentiment and technicals, and gold stocks' coming gains should prove exceptional.
The gold miners' fundamentals also powerfully line up with the winter seasonal strength this year, really boosting the bullish outlook. These companies' third-quarter operating results will be fully released by mid-November. And they are highly likely to reveal more big gains in operating profits despite gold's recent weakness. Improving gold-mining fundamentals will entice in more investors, magnifying seasonal gains.
Gold averaged $1185 in Q1'16 and $1259 in Q2'16. That 6.3% quarter-on-quarter gain in average gold prices led to enormous surges in operating profitability of the elite gold miners. They are represented by the leading gold-stock ETFs, the GDX VanEck Vectors Gold Miners ETF for the majors and its sister GDXJ VanEck Vectors Junior Gold Miners ETF for the juniors. These ETFs' component stocks are excellent.
Each quarter I analyze the operating performances of the individual gold stocks included in these top ETFs. Their cash flows generated from operations are a great proxy for current profitability. In Q2'16 on that 6.3% average-gold-price increase, the top 34 component companies of GDX saw their operating cash flows surge 32.3% higher quarter-on-quarter. And GDXJ's skyrocketed an incredible 51.1% higher QoQ!
Q3'16's average gold price climbed another 6.0% QoQ from Q2 to $1334, despite gold's big recent pullback. So those elite gold miners of GDX and GDXJ are very likely to soon report another major surge in operating profitability! It wouldn't surprise me to again see big gains approaching Q2's, which would certainly spark great trader interest. Improving fundamentals aligning with seasonals portends big upside.
If the gold stocks were entering this winter-rally period drenched in greed after a powerful upleg, the seasonal tailwinds probably couldn't overcome the healthy correction tendency. If the gold miners' fundamentals were deteriorating, that would likely prove too much heavy lifting for seasonals. But with the strong winter-rally seasonals aligning with very bullish sentiment, technicals, and fundamentals, gold stocks should surge.
This last chart breaks down gold-stock seasonality into more-granular monthly forum. Each calendar month between 2001 to 2012 is individually indexed to 100 as of the previous month's final close, and then all like calendar months' indexes are averaged together. While this November-to-February winter-rally period doesn't encompass most of gold stocks' strongest months, it does enjoy the most-consistent gains.
On average in bull-market years, November enjoys the third-best gold-stock gains of the calendar year at 6.3% in HUI terms. That's not far off the best months of May and August, which have averaged rallies of 6.9% and 6.7%. But unlike the flat-or-lower months surrounding those other strong months, November is followed by December's 2.3%, January's 2.7%, and February's 3.5% average bull-market-year gains.
This unparalleled consistency is what makes gold stocks' winter-rally seasonals so impressively strong. Continuing to march higher on balance ultimately yields better upside than the two-steps-higher-one-step-back action throughout the rest of the calendar year. There are no significant gold-stock selloffs in seasonal-average terms at all between November and February, which facilitates exceptional winter gains.
Of course the standard seasonality caveat applies that these are mere tendencies, not primary drivers of gold or gold stocks. Seasonal tailwinds can be easily drowned out by bearish sentiment, technicals, and fundamentals. May and August this year are perfect cases in point. Instead of rallying 6.9% and 6.7% in line with seasonal averages in 2016, the HUI plunged 13.8% and 19.2% in May and August to shred seasonals!
Seasonality doesn't always work, especially when it doesn't align with the primary drivers of sentiment, technicals, or fundamentals in that order. Gold stocks entered both May and August this year up at very-overbought levels, at new bull-market highs stretched far above the HUI's 200-day moving average. After rocketing 31.0% higher in April and surging up 11.2% in July, performance mean reversions were due.
Gold stocks' resulting massive correction in August bucked the seasonal trends. While September saw a 4.3% HUI gain in line with normal +4.8% bull-market seasonality, early October's plummet on stops being run was extremely excessive compared to normal October pullbacks. Thus gold stocks are unloved and oversold heading into this year's winter-rally span, which is a super-bullish omen for outsized seasonal gains.
The serious gold-stock upside coming as bullish sentiment, technicals, and fundamentals align with seasonal tailwinds can certainly be played with those popular GDX and GDXJ ETFs. But because they hold so many gold stocks, their gains can only pace the HUI at best. A carefully hand-picked portfolio of elite individual stocks with superior fundamentals will really amplify sector gains, dwarfing the ETFs' performances.
At Zeal we've spent literally tens of thousands of hours researching individual gold stocks and markets, so we can better decide what to trade and when. This has resulted in 851 stock trades recommended in real-time for our newsletter subscribers since 2001. Their average annualized realized gains including all losers are running way up at +24.1% as of the end of Q3! Why not put our expertise to work for you?
We've been super-aggressively adding gold-stock and silver-stock trades since that anomalous gold-stock plummet in early October. These new trades are already detailed in our popular weekly newsletter, and coming soon in our monthly one. Both draw on our vast experience, knowledge, wisdom, and ongoing research to explain what's going on in the markets, why, and how to trade them with specific stocks. Subscribe today! For just $10 an issue, you can learn to think, trade, and thrive like a contrarian.
The bottom line is gold stocks are just entering their seasonally-strongest period of the year. Their big winter rally is fueled by gold's own, which is driven first by outsized demand from holiday jewelry buying and later new-year investment buying. So both the metal and its miners' stocks have strong tendencies to rally between late October and late February in bull-market years. It's the best calendar span to own gold stocks.
And this year's coming winter rally looks exceptionally bullish because the seasonal tailwinds won't be overpowered by bearish sentiment, technicals, or fundamentals. All of these primary drivers are bullish today and closely aligned with the strong seasonals, making for a powerful united force to propel gold stocks dramatically higher. Speculators and investors alike should be fully deployed for the coming months.
Oct 28, 2016
Adam Hamilton, CPA
Thoughts, comments, or flames? Fire away at zelotes@zealllc.com. Due to my staggering and perpetually increasing e-mail load, I regret that I am not able to respond to comments personally. I will read all messages though and really appreciate your feedback!
Copyright©2000-2016 Zeal Research All Rights Reserved.
321gold Ltd
http://www.321gold.com/editorials/hamilton/hamilton102816.html
That's some awesome Neil Young, although not in original context.
I'm surprised at you JD, I don't even think I'll read that post.
And know for your listening and viewing pleasure:
I just hope this isn't just a ploy for the FBI to say: "okay, we reopened the email investigation and once again found nothing so, now, rest-assured, everyone can vote for Hillary with a clear conscience".
Today's market wrap, from the venerable Kaiser Sousa @ zerohedge.com...
“Dear Presidents Working Group On Financial Markets (Plunge Protection Team),
Thank you for your valiant, though unsuccessful efforts to maintain 18,200 on the Dow Jones Propaganda Index & a Happy Ending Friday across our Fraud Markets.”
Sincerely,
International Federation of Tradumbs
WOW!!! what the fuck happened to your “markets”??? What - no convincing “Happy Ending Friday”???
seems only fitting that in a week where everyday we saw initial losses wiped away with miraculous v-shaped reversals occurring at the sametime everyday on ABSOLUTLEY NO GENUINE POSITIVE MACRO-ECONOMIC, GEO-POLITICAL NEWS OR DATA WHATSOFUCKINGEVER, that we would be treated to “convincing” moves higher in the Fraud Markets driven by a “shocking” GDP beat released only days b4 the final nail in Ameridumbs’ banana republic coffin is sealed shut… BUT THEN CAME HILLARY???
but, but, but, what about the “techincals”??? CALLING ALL TRADERS, CALLING ALL TRADERS…WHAT ABOUT THE TECHNICALS???
Oh, here you go… "This is what is different now: Cheap credit and excess liquidity allow companies to pile on more debt – often to buy back their own shares or buy out each other – and trudge on while yield-desperate creditors fork over ever more money.”
http://wolfstreet.com/2016/10/27/business-investment-worst-september-sin...
"However, TSLA reported that it payed down $178 million on its borrowing facilities. Using GAAP free cash flow, this takes Elon free cash flow negative. Furthermore, if TSLA had maintained accounts payable at 86% of revenues, this would have sucked another $324 million of cash from TSLA’s operations, leaving the Company with a free cash flow deficit of $326 million.”
http://investmentresearchdynamics.com/tesla-reports-another-fraudulent-q...
"The growth of AMZN’s cloud business is rapidly slowing down. It’s tiny compared to AMZN’s overall revenues… And competition in the cloud space is going to become ferocious as Microsoft, Google and Oracle begin to really flex their muscles…The only question left for me is to determine which between AMZN and TSLA is the biggest Ponzi scheme in history. AMZN is maybe a $10 stock and TSLA is likely worth $2.”
http://investmentresearchdynamics.com/amazon-con-roflmao/
"In Part 4 of this series we introduced the idea that the US is now in a Say's Law Economy, which is being dragged down by a Keynesian ball and chain. That is, the traditional credit channels of monetary transmission are now broken and done owing to Peak Debt and the Fed-induced mutation of the money and capital markets into gambling casinos.”
http://davidstockmanscontracorner.com/the-great-wall-streetwashington-co...
“My dad is part of the aging baby boom generation hitting retirement age in record numbers. He’s also part of a growing trend in the sharing economy: the over-50-year-old. Uber reports 23% of its drivers are over 50. Airbnb says 13% of hosts are senior citizens. Both categories expect to see growth in the next few years as the population ages and more people look for extra income and opportunities to stay connected to their community. (stay connected…hilarious.)
https://finance.yahoo.com/news/my-dad-became-an-uber-driver-170616718.html
“If the retirement calculators say we’ll make 6 percent or 7 percent, and people saved based on that but only make 3 percent, they’re going to have a massive shortfall,” he said. “They’ll have to work longer or retire with a substantially different standard of living than they thought they would have.”
http://www.bloomberg.com/news/articles/2016-10-26/the-next-10-years-will...
but, fuck the facts…GET THOSE FUCKING STAWKS BACK UP!!!
lastly, what up with this????You mean REAL MONEY good now….NOT BAD!
If only i had become discouraged by the Fed, ESF, and BOE, and not placed my my order for physical Gold & Silver on the CRIMEX Londone close instead of purchasing Soy Bean futures or Stawks…how whack is that???
"No State shall…coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts.”
U.S. Constitution, Article 1, Section 10, Clause 1 (BITCHEZ…)
DEATH TO THE FUCKING MONEYCHANGERS.
Eric Holder and Anthony Weiner are running for office on the same ticket...
It will be the Weiner Holder ticket!
Cork, I don't get it, all of this is the result of the FBI discovering new evidence of Clinton emails on Anthony Weiners's phone thus reopening the investigation. What about the thousands and thousands of Clinton emails Wikileaks has been releasing over the last few weeks, huh, REALLY?
Right after market close, dollar heads back to it's lows, isn't that special!
I guess that settles it, a Trump victory will be good for Gold!
http://www.marketwatch.com/story/3-ways-a-fresh-fbi-probe-into-clinton-emails-hit-wall-street-2016-10-28?siteid=bigcharts&dist=bigcharts
The dollar didn't recover enough off of today's lows to legitimately justify that $10 slam from $1284..
They are shorting the phuck out of this stock now!
Oh yeah, I know, and the dollar is still tanking as well, it is such bullshit!
Could this drop in the dollar and run on gold be all about the FBI reopening the email case against Hitlery? If so, TPTB must be terrified of a Trump victory.
Now $1284
WOW, Gold is running, now $1280, something is going on!
Teranga Gold Corp CDA 2016 Q3 - Results - Earnings Call Slides
http://seekingalpha.com/article/4016335-teranga-gold-corp-cda-2016-q3-results-earnings-call-slides
Teranga Reports Superb Third Quarter And Record 9 Month Production.
http://www.stockhouse.com/news/press-releases/2016/10/28/teranga-gold-reports-strong-third-quarter-and-record-9-month-production
Thanks, I see what you mean. I was going to sell CDE today and jump back into NSU for their earnings bump in the morning. TPTB have been screwing with gold so much today, putting a cap on my CDE gains, although I am up pretty nicely, I might do better than any NSU bump just to hang tight since I believe today is gold op/ex.
What do you mean by super aggressive?
Thanks, Geo, I watch them both in unison, that's why I say Teranga. I would hope it is MM games shaking out weak hands before ER, but it gets darn frustrating watching this "supposedly" undervalued gold stock.
Either the market doesn't like the drill results or MM's are playing more f***ing games, does it ever f***ing end? I totally expected .88 to hold, Teranga can't hold onto shit!
Sam, I posted this awhile back, this is the way I see it:
There has always been a certain level of corruption in the markets but, that pales in comparison to today with the recent advent in HFT (high frequency trading ) computers running pre-programmed proprietary algorithms. These computers front run the market placing and withdrawing millions of bids across the board in nano-seconds with no intention of execution, which is blatantly illegal if you and I were to try it. These computers do this on key words in news, rumors and now simply tweets, and TPTB know what key words to utter to make the markets go up or down in an instant. The fraud being committed with the constantly improving and tweaking of this technology in the last eight years in coupled with the ongoing destruction of "rule of law" is magnitudes above what it ever has been.
October 27, 2016 06:45 ET
Eurasian Minerals Options Mineral Hill Property to Coeur Explorations, Inc.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 27, 2016) - (TSX VENTURE: EMX)(NYSE MKT: EMXX) -- Eurasian Minerals Inc. (the "Company" or "EMX") is pleased to announce that it has entered into an exploration and option agreement (the "Agreement"), through its wholly-owned subsidiary Bronco Creek Exploration, Inc., with Coeur Explorations, Inc., a subsidiary of Coeur Mining, Inc. (NYSE:CDE) ("Coeur") for the Mineral Hill gold-copper property ("Property") in Wyoming. EMX's Mineral Hill project is held under a pooling agreement with a private group, Mineral Hill L.P. ("MHL"), with all proceeds split 50:50, except for the sale of surface rights associated with several patented mining claims. See www.eurasianminerals.com for more information.
Commercial Terms. Pursuant to the Agreement, Coeur may acquire a 100% interest in the Property by a) making yearly option payments, beginning upon execution of the Agreement, totaling $435,000, b) making exploration expenditures totaling $1,550,000 on or before the fifth anniversary of the agreement, and c) paying $250,000 upon exercise of the option (note, all dollar amounts in USD).
Upon exercise of the option, EMX and MHL will retain a 4% NSR royalty, of which Coeur may purchase up to 1.5% of the NSR royalty if, within sixty days after the completion of a preliminary economic assessment ("PEA"), Coeur purchases the first 0.5% for $1,000,000. Coeur may purchase an additional 0.5% or 1% of the NSR royalty at any time thereafter for $2,000,000 per 0.5% interest (maximum total buy down of 1.5%), with EMX and MHL retaining a 2.5% interest.
After the option exercise, EMX and MHL will receive annual advance minimum royalties of $150,000 and, upon completion of a feasibility study, a milestone payment of $1,000,000.
Mineral Hill Overview. The Mineral Hill project is located in the Black Hills of Wyoming, approximately 20 kilometers west of the Wharf mine operated by a subsidiary of Coeur and located in South Dakota. The Property is composed of 77 unpatented federal mining claims and 19 patented mining claims totaling ~1,494 acres. The project is centered on an Eocene age, alkaline intrusive complex consisting of an outer ring complex, interior intrusive complex, and interior breccia zone.
Historic production in the project area occurred between the 1870's and 1930's, and principally came from alluvial gold in drainages, gold and silver mineralization at the Treadwell Mine, and gold and copper mineralization near the Interocean Mine. Work by EMX and its previous partners on the Property determined that gold and silver mineralization at the Treadwell mine is epithermal in nature and associated with lower-temperature adularia-bearing potassic alteration. Higher temperature, porphyry-style potassium feldspar- and biotite-bearing potassic alteration associated with gold and copper mineralization was discovered in previous EMX drill programs near the Interocean Mine. Both mines are located on the Property.
Two reconnaissance drill campaigns were completed by EMX and its previous partners at Mineral Hill targeting both styles of mineralization, totaling 12 drill holes for 1786.5 meters. Drilling near the Treadwell mine targeted shallowly northwest dipping epithermal style quartz-sulfide veins. Drill results include 1.0 meter of 11.9 g/t Au in TR-2, 1.5 meters of 1.3 g/t Au in GPMH-02, and 1.5 meters of 3.01 g/t Au in GPMH-03. True thicknesses of the intercepts are unknown. EMX believes the veins may coalesce into a vertical feeder structure along the down dip projection to the northwest.
Drilling results near the Interocean mine include 106.7 meters of 0.25 g/t Au and 0.14% Cu, including 7.6 meters of 0.49 g/t Au and 0.32% Cu in hole GPMH-4, 76 meters of 0.32 g/t Au and 0.14% Cu, including 10.7 meters of 0.57 g/t Au and 0.1% Cu in hole GPMH-5, and 1.5 meters of 9.5 g/t Au in hole GPMH-1. True thicknesses of the intercepts are unknown. Alteration assemblages and sulfide mineralogy in holes GPMH-4 and GPMH-5 are indicative of high-temperature mineralization related to the periphery of an alkaline-affinity porphyry copper-gold system.
In the near term, Coeur's work is expected to focus on target generation at the Property.
About EMX. Eurasian Minerals leverages asset ownership and exploration insight into partnerships that advance our mineral properties, with EMX retaining royalty interests. EMX complements its generative business with strategic investment and third party royalty acquisition.
Mr. Michael P. Sheehan, CPG, a Qualified Person as defined by National Instrument 43-101 and employee of the Company, has reviewed, verified and approved disclosure of the technical information contained in this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.