Duane Rapini Jul 23 2013, 08:58:43 am So what are Larry Edelson’s top three gold stocks? I 0 Likes Manny V Jul 23 2013, 01:23:08 pm I’m also looking for this information. I sat through a 15 minute teaser yesterday but Edelson did not reveal his picks. I can tell you that Barrick Gold and Newcrest Mining are both on his do not touch list. This was surprising to me and certainly worth sitting through the presentation… 0 Likes Jon Freeman Jul 24 2013, 12:23:07 pm I am vey interested in Larry Edelson’s info too. I suspect that he may have something between his ears besides hot air, but am not willing to pay that much to find out. 0 Likes Manny V Jul 24 2013, 01:44:11 pm Here is a link to the presentation…In it he, gives details about 2 senior miners. Perhaps somebody on this site can figure out which are the companies he is referring to… http://finance.moneyandmarkets.com/reports/GST/072213/g2/?ccode=07225616429GSTemail@example.com&sc=RWRA&ec=5616429 0 Likes 25 Stephen Lindquist Jul 24 2013, 08:17:30 pm My guess is FNV, due to it’s spectacular Current Ratio of over 10: With Net Cash of $879M vs 82M of Debt, and with enormous amounts of Gold and Silver reserves, on top of the fact that they pay just $76/Oz of each Gold Oz Equivalent, it’s the best priced miner with most of it’s ASSETS located here in North America. My other guess one of two picks. 1) Goldcorp (GG). It’s got fabulous Mines in North America, specifically Mexico and on the other side of the planet in Australia. It’s Current Ratio isn’t near FNV, but no Large Gold Miners DOES come close, and ONLY SLW has a similar $785M in Cash vs just 82M in Debt! If I’m wrong- 2) AEM-Agnico Eagle, which AG-Ni-Co stand for Ag=Gold, Ni=Nickel, and Co=Cobalt, is a safe LT bet given it’s large reserves of Gold, Silver Nickel, and Cobalt!!! Given the current pullback in Gold today to around $1325, I’d STRONGLY recommend buying LEAPS in all three of these companies, as well as some just OTM calls on GDX with a strike price of $28 and Expiry of September for just Bid of $182/Ask $185, which closed today under and moved to exactly $27 in the after hours, and given it’s 52 week HiLo is from $22.21-$55.25, it’s still on the low end of the spectrum and GOLD is on the way up. With the miners being the primary beneficiaries at first given the certainty of Au moving up to high $1300-$1450 range by this fall, that would bounce the GDX SIGNIFICANTLY, the best tool to use if you’re BULLISH re: Gold’s ascent, because Indexing is always easier unless you have some inside knowledge and with the GDX means a $1 increase to the GDX for every $17-$20 increases in Spot Gold Prices, meaning each contract could earn $4-500! I also know it isn’t Sandstorm Gold, the quasi Private Equity/Venture Capital Gold Streamer ALA Royal Gold and Silver Wheaton, but (SAND) is tiny, but I think another great LEAP for 2015 given it’s sub $6.10 price, which is less than $1.25 off it’s 52 week low and over $9 off its’ 52 week HI of $15.43. (KGC) and (BVN) and (IAG) are other fabulous Miners to buy RIGHT now in the GOLD SPACE, even though (BVN) is more of a Silver play given it’s tremendous location in the Cerra De Pasco region of Peru, which has the highest grade Ore of both Gold and Silver, but there’s lots more Silver there, not to overlook it’s phenomenal $714/Oz of Gold and it’s Market Cap of 3.4B and Cash of 804M vs Debt of 624M) IAMGOLD (IAG) is trading at an absurdly cheap 54% of Book Value and even better, it’s PEG ratio is JUST .58 and the HIGHEST Yield in the Miner Space of 6.9%, so YOU CAN”T LOOSE WITH THIS BET!!!! My favorite Silver plays on Mining side, besides how sage it is to buy physical for about $22-$23/oz given the spot price addition, is still phenomenal, and I couldn’t stress the significance of OWNING PHYSICAL IN YOUR OWN POSSESSION right now. Eric Sprotts’ Physical Gold Trust (PHYS) is the only stock fund that actually offers REAL GOLD in exchange for their beaten down near their 52 week low of $10.97, with 52 week HiLo being $9.81 to $15.42. Aside from that, PSLV, SLW, PAAS, SSRI, SVM, EXK, HL, FSM, SVLC, AG, (Fresnillo Plc) FRNLP, (Hochschild Plc) HCHDF. Fresnillo is the Largest Silver Primary Miner with almost as much Measured and Indicated Reserves of Silver Standard and Silver Wheaton, and ALMOST tantamount (PAAS). My FAVORITES in this sector are obviously SLW, SSRI, PAAS, SVM, & EXK. Many experts also would include First Majestic (AG), but I don’t like their Cash of 174M to Debt of 224M. They have large reserves and get each Oz for $9.46 but Coure D’Lane (CDE has almost the same market cap (1.46B) vs (1.6B) with AG and (CDE) mines each Oz for a Dime More @ $9.56/Oz, plus both are priced almost identically, with (CDE) is $13.87 vs (AG) and it’s current price of $13.10. The MAJOR difference between these two Silver Miners is that (CDE) has several Hundreds of Thousands more ounces than (AG). (HL) seems the most underpriced Silver miner, as it’s America’s largest and it has a Current Ratio of slighly over one, so it’s got more cash than debt, it pays just $7.70/Oz mined, and has Several Hundred Thousand OZ of Proven, Probable, Measured, and Indicted, totaling 332,000 OZ and Inferred Reserves of 184,000 Oz, at a cost of just $3/share! The cheapest Gold Miner is Russia’s Polyus Mining (PZLZY) which is also $3/share, but has an over 9B Market Cap, a Current Ratio JUST under 2, and it costs Polyus just $694/OZ Mined. It also has some HEFTY reserves as it is the 8th largest Gold Miner on EARTH, with some 206,000 OZ of Proven, Measured and Indicated Reserves, and another 46,000 Oz Inferred. Finally, (RBY) Rubicon Minerals, is a MicroCap Gold Mine many of you have heard of and about, and given it’s current price of just $1.46, it’s a great play b/c it will likely be bought out and it sits with 100 Sq. miles on Red Lake Ontario with some phenomenal reserves coming from Red Lake. I’m convinced this tease can’t be for (EGO)-El Dorado Gold or Yamana Gold (AUY) because both carry large negative ratios-with AUY sporting one of -4.5 and CDE one of -1.8. While AUY get’s it’s Gold for a terrific price of $383/Oz and (EGO) gets it for $656/Oz, BUT NEITHER HAVE CLOSE to the reserves needed to qualify for this SUPER THREE MINERS Tease. That’s all I got…. 0 Likes montrose Jul 24 2013, 11:49:25 pm You got a lot!!! Had not found time to verify your facts but still commendable of you to share. Not much of typist, an avid pecker actually, but because of your blog I felt forced to add my two cents…as for MAJORS GoldCorp, Agnico Eagle Mines , Kinross Gold Corp. and IAMGOLD. ..Royalty Streamer…Royal Gold. all past favorites of TEASER. 0 Likes 25 Stephen Lindquist Jul 28 2013, 01:49:22 am Thank you, but it was poorly edited, as evinced in just the first few paragraphs. It’s a reminder that I need to re-read my final product before submission, but glad you and any others found it informative. I’ve been playing the metals sector like a NUT for the last couple years and my HUGE FEAR of a FED induced FIAT BUBBLE, which will devastate the whole globe and make 2008 seem like a picnic b/c the 38 wealthiest Nations on Earth are right now engaged in various degrees of Quantitative Easing all b/c we started it with our Bank Bailouts of 2008, there’s so much ‘paper’ money floating around and I believe that there will be an inevitable paradigm shift away from digitally created paper money, which is FREE to Make! ANYTHING MADE DIGITALLY IS ESSENTIALLY FREE TO MAKE, thus, I BELIEVE THE GLOBE’S ONLY SHOT AT ‘SOUND” Money again will be a reinstatement of ‘THE GOLD or PM Standard’. Money Must be based on things that are scarce and take effort and energy (man-hours) to discover and which is rare. This fear, which I see as an ineluctable certainty, has made me gravitate towards the best LT Mining Investments TODAY-The beaten to a PULP Miners with LIFE in them! “When there’s blood in the streets, GET GREEDY.” Fortunately, due to the jackals at the Six Bullion banks, notably JPM, HSBC, and Scotia have all taken physical as low as it can possibly go and as an unintended consequence of the evil banks machinations, esp. the one they pulled off Friday April, 12 of this year, when those three aforementioned banks (which act like fractional reserve banks), were successful in collapsing GOLD and it’s spot price by more in nominal terms than had ever been done in its’ illustrious 5,000 year history as money when it fell by over $200 in one day, the following Monday, April 15! The EVIL Bankers simply unloaded a first attack on the Gold Spot price by buying $3.4M in Short Futures contracts, and less than an hour later, while British markets were still open, they bought another $10M in Gold Futures Shorts, hammering Gold for Friday, letting people believe the CRAASH WAS IN over the weekend with nothing to do but speculate HOW BAD, and giving it no chance on Monday except a major slaughtering. Currently, with prices this cheap, both GOLD and Silver miners are either shutting down production or halting production if they aren’t doomed, because once you shut down, it’s game over for the most part. The GOOD NEWS is that the GOFO rate (futures parlance for the Gold Forward Offered Rate) has TURNED NEGATIVE. In its simplest terms the Gold Offered Forward Rate is a daily LBMA published rate used as the cost of leasing gold, when you use the gold as collateral in order to borrow dollars, it is the rate used for gold/US dollar swap transactions. When it is negative it means you will receive more interest when you lease your gold than your dollars, i.e. there is more interest to borrow gold and use dollars as collateral. Gold is perceived as having more value as something to hold, EVEN More so than dollars do. The GOFO rate will be negative for up the next three months, and as you will have read repeatedly, the last time this happened was in November 2008. What does it mean for gold if it’s negative? Primarily it means that gold leased out today is worth more than the gold delivered at the end of the three months. Many gold bugs associate negative GOFO with backwardation, when the spot price fetches a higher price than the nearest futures contract. Sandeep Jatetly writes ‘it seems there is unparalleled demand to exchange dollars for physical bullion- so much so that the availability of bullion to settle bullion obligations – whatever their nature is dwindling.’ For the gold bugs, this is when there is a shortage of physical gold, this physical gold is superior to paper gold in the futures markets. According to Iza Kaminska, ‘objective’ gold analysts merely see the backwardation of gold and the negative GOFO are more likely to be a factor in the current BULL Market in Gold, a fear that Bullion Banks HAD before the conspired their venal machinations in early April. As I began to say, with the cost of spot silver well below sustainable profitability for a number of miners, and others like Silver Standard and I think Endeavor is also with-holding all the mined inventory, and (SSRI) set an enormous record for Ounces mined in Q2 of 2013, this all augurs very well for the future price of all PMs’ b/c this means EVEN LESS of the tiny physical supply will exist, leaving the now WORLD MARKETS to find an acceptable fair market value for these grossly underpriced physical assets, which should have been bifurcated from the 100X LARGER Derivatives Market LONG AGO, but Wall Street always has its’ way!. Silver Miners need to see a physical price of at least $32-$35 to bother to hunt for the most important single element in todays Digital World, and given that the paper Derivatives Market is 100X larger than the tiny Physical Market, it’s no surprise that those $13.4M in Short Futures contracts for Au caused it to drop some $200+ in two days! Now, for the first time I’ve ever been aware of, the Bullion Banks are Net Long Futures contracts in BOTH SILVER and GOLD, which is why it’s so sagacious to buy the best gold and silver miners, as well as PHYSICAL SILVER b/c it’s SO ABSURDLY CHEAP, and its’ price is so out of whack relative gold, the GSR (gold:silver ratio) is at over 70 right now, which I have no doubt will slowly get shaved down to the original 16:1 ratio that existed 100 years ago over the next 4-5 years!. My top Gold Miners are FNV, GG, AEM, IAG, KGC, and BVN. African Barrick Gold is also VERY SOLID! My favorite Silver Miners are SLW, PAAS, SSRI, SVM, EXK, and FNLPF (Fresnillo Plc) and somethings gotta be going on with Polyus Gold, which trades for just $3.00 and is the 8th Largest Gold Miner ON EARTH with Gargantuan Reserves, a Current Ratio over 2, and it mines each oz for $756!!! Perhaps Russian Nationalism is the fear there, IDK… 0 Likes 32 | MarcAnthony Salvatini Jul 27 2013, 09:47:00 am Steve, Excellent, thorough analysis. My hat’s off to you. We paired up on a several , but your investigation was far more thorough. You should do your own newsletter:-) Agora would pick you up in a heart beat! Especially if the plays you note here give you only a .500 batting average. Larry is good, and did call the top on Au, and his calls have been pretty close. Weiss bought out the Trends Journal a few years ago, and one can see Larry is very much behind that body of work, in addition to his own, with a sprinkling of fundamental analysis to boot. Again, great digging and analysis on your part. All “Gumshoer’s owe you for such a well researched point of view. 0 Likes Montrose McCoy Jul 27 2013, 02:51:01 pm Re: AEM Agnico – Ag is Silver, not gold!! (Au is gold). 0 Likes 25 Stephen Lindquist Jul 28 2013, 12:52:48 am I know. I mixed them up, but if you read on you’d have seen it was a typo… Apologies 0 Likes JW Jul 27 2013, 11:58:58 am I bought GG, ABX in 2011 at the top & still have them less approx. 60%. I am trying to decide whether to add to the positions to bring my cost basis down. They will probably never get back to what I paid for them. Any advice? 0 Likes JJF Jul 27 2013, 12:30:03 pm thanks again Gumshoe and hats off to Steve–I am a long time subscriber to REAL WEALTH–however his new service is out of my league 0 Likes John Jul 27 2013, 12:48:51 pm Of course you will get your money back. Mind you, the money will receive back will have been affected severely in purchasing power, but, your ‘paper’ dollars are safe, the Fed’s money printing guarantees this. Question to you: Why did you buy gold shares? Leverage? Momentum? 0 Likes Jacqueline vanOutryve Jul 27 2013, 01:09:37 pm Thanks, Stephen, for sharing your info. Really appreciate the analytic thinking and clear explanation, which is very helpful to a computer limited oldtimer. 0 Likes Al Jul 27 2013, 01:10:49 pm Larry Edelson relies heavily on cycles for his timing. There are many different styles of trading. It seems like a particular style will work very well for a while then all of a sudden it doesn’t work at all. Walter Bressert is another person who relies heavily on cycles for trading. In the 1960’s Walter made what seemed to be outlandish forecasts for commodities. In the 1970’s his forecasts started coming true, and he became a commodity analyst “rock-star” it seemed like everyone was following his recommendations. By approximately 1979-1980 everyone was fading his recommendations, and very few (if any) of his recommendations became profitable. Sometime in the early 1980’s he quit publishing his newsletter: “Hals Commodities”. I just looked up his name and he is still publishing a profit trader: http://www.walterbressert.com/ I have subscribed to Larry Edelson’s Real Wealth Report for several years. Due to his advice I more than doubled a rather size-able investment (for me anyway) in Silver (SLV), but bailed out about $35, then watched in agony as it went to $48+. Luckily I had the discipline to stay out, encouraged by Larry’s advice, to this day. I did not subscribe to his trading service because I considered it to be expensive and felt a similar thing could happen to him as happened to Walter Bressert. Also, Larry was quite bearish on stocks most of the time (at least it seemed so to me) from about 2010 to the present time; supposedly based on cycles. 0 Likes Emmanuel Eyssautier Jul 27 2013, 03:40:18 pm Woahhh Stephen, thank you very much for your info. Great to see people like you with such passion and wanting to help and participate. Thanks again! 0 Likes Michael Hassan Jul 28 2013, 05:31:46 pm Gold and silver are valuable in several areas: as commodities, (silver has more usages than gold but you wouldn’t know it by the price action), as security to the paper money and as investments (they go up and down and you can profit from those changes). Know why you are investing in them and then stick to it. I hold gold and silver to back the fiat currencies, ( It’s a small amount, 10%) and when all gets right again (debt levels become manageable), I’ll pare that down to 5% or less. Yet I still hope to make money on it since as a trader, you never want to buy somehting and then watch it go down year after year. Since they have a leg in commodity pricing, they should appreciate in value every year but since it is in the gamble called the stock market, it may not. Truly a long term hold and as such, it has a different set of rules than other stuff you can trade in and out of several times a year. Don’t put more than 10% of your assets into precious metals, not matter who tells you the world is coming to an end. If you do more than that then you are using gambling tactics. That does not mean if you see facts that suggest to you that the world is, in fact, coming to an end, that you shouldn’t buy more. In that case, act accordingly. Gold and silver just don’t respond rationally, like investments, and so it’s hard to predict their outcome. They are a store of wealth and as such, are not investible items. In other words, these are not good investment vehicles but you need to own them, nonethe less. Presently I own 10% of my investible assets in gold or silver. Once the debt starts to be reduced, I’ll reduce my holdings and hopefully at a gain. To summarize, own gold to protect yourself from events that come around once very 100 years. But own it cheaply so in case there’s no problems during your time on earth, you can sell it before your exit and make a little. 0 Likes otis Jul 27 2013, 06:58:26 pm I’m new to all of this…currently rolling over $ from employer sponsored 401 to self-directed one. Have done fairly well using Motley and Gumshoe, but entirely mystified by precious metals. Any advice on a good primer? 0 Likes John Aug 11 2013, 12:42:52 pm 1st.Gold, Peace and Prosperity. by Congressman Ron Paul, then read 2nd “What has Government done with our money”. Mises Institute. Both are MUST reads. 0 Likes savvysenior Jul 27 2013, 09:03:59 pm Larry’s seven best picks are:GG,AEM,GSS,KGC,AUY,NGD, and IAG 0 Likes C Jul 28 2013, 10:52:28 am I am interested t hear that some of you are still hearing from Larry Edelson…I used to enjoy his weekly market video reports from the UnWise site…he seemed to suddenly disappear! I wondered if the Chinese closed in on him after that silly ‘expose’ gimmick he did…maybe Weiss canned him…health issues? How are you getting his work now? 0 Likes Myron Martin Jul 28 2013, 11:48:48 am Kudos to Steve for a good analysis of the majors prospects. I agree with most, but they are not my primary area of interest. I think the mid tier prospects will offer even better returns per dollar invested, and if the market makes a serious turn around in precious metals this fall then some juniors with proven reserves will have even more spectacular returns, and there will probably be some takeovers at substantial premiums. Take a good look @ TMM and BTO and check my Irregulars column for more, scheduled for Aug. 2nd publication. Re Larry Edelson, my experience was similar to that of AL. Had been reading him for years and his premature dire warnings of a market collapse cost me about $10,000. by selling a triple leveraged silver option position way to early when silver was around $33.50. This is the problem I have with “chartists” as opposed to relying on fundamentals. I think Larry’s biggest mistake is setting himself up as a “know it all guru” to be followed exclusively, he has made some good calls, but he has also been way to early on key buy/sell decisions so his guidance has proven to be spotty at best. I guess all that really proves is that you are best off reading a variety of opinions and then making your own balanced decision. 0 Likes Mike Jul 28 2013, 01:10:44 pm Does anyone have an opinion on Lake Shore Gold? 0 Likes 30 Cathy Kandravi Aug 2 2013, 02:59:59 pm GG is tops by far in every size and not to unreasonable to buy and get it out of the groud cost of production uses them for the bell curve and they are smart that they know the did not have to do the others like ABX if they are wrong, why buy ins. unless you know you have an accident coming, there goes your profit, sooner the green paper will loose value but maybe the overhead staying power and the finance people make them , throwing money that is inflating against Gold. Even Sand can ride this out, those are my two a producer that is good at it and a streamer that is getting better. Plus a couple Jrs. but small plays on them, but Gold will go no doubt time is time also Rom getting more sttyf there is more there with time. Could be a year but it could be next week the way the market wheels spin better have some because Ben B. IS GETTING SHAKEY. 0 Likes Myron Martin Aug 2 2013, 04:28:14 pm If you think Ben Bernanke is “getting shaky” then you would enjoy my “BLOG” GOODBYE & GOOD RIDDANCE on Pinnacle Digest (Google) as “Thinker70” once on site. As to Goldcorp, yes probably one of the safest seniors, and Sandstorm has enormous growth potential once the market returns to normal. 0 Likes Jay Hooper Aug 9 2013, 01:09:29 pm Kuddos to you Steve for sharing your thorough DD!!! I already own most of the ones you’ve mentioned (both in stock & LEAPS), unfortunately I own them at higher prices. I am waiting to pull the trigger to do some dollar cost averaging, but I think we’re due for one more big sell off in GOLD, once the FED officially begins to taper. After the dust settles from the tapering, then I’m going to be loading up! 0 Likes Bob Gregg Aug 16 2013, 10:37:21 pm here is what I understand as Larry Edelson’s top 7 gold stocks in order: GG, AEM, GSS, KGC, AUY, NGD & IAG. Not sure if he is also strong on silver stocks, but presume those to be SLW, SLV. In a recent tease, he also mentioned GDX & GDXJ. Most if not all have been beaten down. He also talks about a bottom in gold occurring around September 26. 0 Likes 25 Stephen Lindquist Aug 23 2013, 03:48:31 am I’m not privy to his recs, but my research suggests, and is backed by the enormous upsurge in the JR Miners, as GDXJ has blown up OVER 23% during the last 2.5 weeks, and it wouldn’t surprise me one iota if GDXJ, which was yielding a phenomenal 8.24% is one of his STRONGEST RECS b/c there’s no investment vehicle like it! Less than 3 weeks ago, when it was trading at $37.80 when SPOT GOLD was at 1285.2 on August 6, and now GDXJ is $48.95 with the same FABULOUS Dividend of 8.24% (due to its’ ETF status), it’s a given that 85+% of the JRs will outright fail, and another 3-5% will likely be acquired, but the remaining 7-10%, which would be 7.7 JR’s out of the total of 77 will EXPLODE, and for the sake of conservatism, say only 5 really explode UP, those will be more than enough to justify a return to GDXJ’s 52 week high of $102 and BEYOND! Consider the following bullet points w/respect to GOLD and Miners and where GOLD PRICES are headed,courtesy of TF METALS GURU Turd Ferguson…. Here’s just a short list: Of seminole interest to ME is the negative GOFO rates all the way out to FEBRUARY!!! It’s proof that the Physical Market is SOOO F**KING TIGHT, that the REAL STUFF IS and SHOULD BE WORTH 100X what the garbage PAPER CONTRACTS are worth, considering the PAPER NYDEX futures markets are 100X larger and are hence the reason Gold lost more value ($200) in one day on April 15 (that’s irony) in it’s illustrious history as a monetary instrument over the last 5,000 years and the closest any other day came was a $63 drop. Aprils smashing of Gold down to sub $1200 was nearly entirely courtesy of the venal, criminal machinations of JPM, who is now NET LONG 75,000 Futures contracts and the recent owner of 39.8M OZ of Physical GOLD bought for their house account. It was JP Morgan and the $13.4M purchase of Short FUTURES on Friday April 12!!! Here are the nuggets of irrefutable facts which portend higher PM prices…. -Gold flowing out of London to Switzerland and Hong Kong (REAL MONEY migrating from West to the East) -Combined Chinese and Indian demand in Q2 2013 at 586 metric tonnes -U.S. interest rates are skyrocketing as foreigners dump U.S. treasuries to tune of $41.5B for month of July, which is the latest Data available as each month has been worse, but JULY was A REAL Humdinger and makes REAL QE for the month of July 126.1B, no?l!!!!! -STEEPLY falling Comex inventories (One HUGE Month could render a DEFAULT in Comex!) -GLD “inventory” down 435 metric tonnes or 32% YTD -JPM stopping to themselves 3/4 of all August gold deliveries and now ‘HOARDING PHYSICAL GOLD b/c THEY KNOW IT’S simple math that is going to make this POP, to say nothing of impending inflation and a world inundated with monopoly funny money! Technical analysis is supportive of this bullish trend, as fundamental qualitative analysis couldn’t be more robust on the subject!!!!! -JPM flipping from 50,000 net short Comex futures to 75,000 net long!!!! -GOFO negative for 35 consecutive days and the 6-month now negative at a new, unprecedented low!! -As I type, a noticeable Comex futures backwardation vs cash out through and including all the way out to the Feb14 contract!!!!!!!!!!!!! That’s nine, separate bullets that took me about two minutes to type. Please use the comments section of this thread to add your own observations to any I may have missed. Here’s 2 MORE for the ROAD… 1 SILVER & 1 GOLD RELATED –Margins skyrocketing up at retailers. APMEX and other big online sellers are OUT of some common bullion coins and after just 7 months through F.Y.E. 2013, we are just over 2M oz shy of all the American Eagles sold in all of 2012 (39.6M in 2012)!!!! We’re on pace to have ALREADY sold more this year than last, but data isn’t in yet & we’ll sell 80M Oz just in ASE!!! –Mine output down about 25%, creating even tighter supply of all PMs!!!! Why sell now, when it could easily be worth two or three times as much in the very near future (3-6 months)? Some big dealers playing the “lag” or “float” game. They delay shipping large orders in case the price goes up radically. If that happens, they refund the money and tell the client they couldn’t find the gold which they keep for themselves. ALL THESE BULLET POINTS, ALL ELEVEN, AUGUR A VERY NEAR TERM SILVER PRICE OF $26.50 AND NEAR TERM GOLD PRICE OF $1525 SO BUY STOCKS, WRITE PUTS, BUY CALLS, BUY WARRANTS, B/C IT’LL BE SOME OF THE EASIEST MONEY YOU’LL EVER MAKE AND 6 MONTHS FROM NOW, YOU WON’T BE KICKING YOURSELF SAYING “HOW COULD I HAVE MISSED THIS SHIT?,” AND THOSE PRICES ARE JUST THE BEGINNING AS THE FED EXPORTED THIS ‘FIAT BUBBLE’,AND HAS BLOWN SO MUCH AIR INTO IT, IT’S PAINTED ITSELF INTO A CORNER AND W OR WO A TAPER, PM PRICES AND THEIR MINING COUNTERPARTS ARE GOING TO BENEFIT. I DON’T KNOW HOW LARRY CAN COME UP WITH SEPTEMBER 26 AS THE DAY TO JUMP IN, UNLESS THE FED TAPERS HARD DOWN TO $65B, WHICH I THINK THE FED KNOWS IS A DISASTER WAITING TO HAPPEN AND THEY CERTAINLY DON’T WANT TO START THIS THING KNOWING THEY’LL HAVE TO REVERSE COURSE IMMEDIATELY THE FOLLOWING MONTH, ADDED TO WHICH, THE MARKET IS ALREADY PRICING IN THE TAPER IN SEPT. PERSONALLY, I DON’T THINK IT’LL HAPPEN UNTIL OCTOBER MYSELF, AND FURTHERMORE, I DON’T THINK IT WILL BE NEARLY AS AGGRESSIVE AS ORIGINALLY SURMISED. AT MOST, THE FED WILL TAPER $10BN DOWN TO $75Bn/MONTH, NOT TOUCHING THE TREASURY BUYBACKS BUT EASING OFF THE MBS BUYBACKS AS THEY CAN’T AFFORD TO BACK OFF THE UST’S, AS EACH MONTH MORE AND MORE UST’S ARE MAKING THEIR WAY BACK HOME TO AMERICA. CAN YOU SAY INFLATION ANYONE??? AND BY THAT TIME, THE MARKET WILL HAVE ALREADY PRICED 70-75% OF THIS TAPER IN, AND THEY MOST CERTAINLY WON’T GO DOWN $10Bn A MONTH CONSECUTIVELY LIKE THEY’RE TAPERING A METHADONE ADDICT 10 MG/MONTH, OR WITHIN TWO OR THREE MONTHS THEY’LL LOSE ALL CREDIBILITY WORLDWIDE AS THEY’RE COERCED INTO RAISING QE UP TO 100BN/MONTH B/C OUR EQUITY MARKETS ARE, AS THE FED KNOWS, A HOUSE OF CARDS! THAT’S ALL I GOT. PEACE AND PROSPERITY FELLAS…..THE NEXT FEW MONTHS WILL BE MOST INTERESTING 0 Likes 390 | Myron Martin, Special to Stock Gumshoe Aug 23 2013, 11:36:43 am Agree the “next few months will be most interesting” but no need to SHOUT! We get it. 0 Likes 25 Stephen Lindquist Aug 23 2013, 11:17:38 pm i didn’t know using caps was indicative of ‘shouting.’ of course you get IT 0 Likes John Aug 26 2013, 10:55:59 am Has anyone been following the JPM Research on gold trading? They seem to have been making fairly accurate trading calls, and now they are even naming their favorites. Tracking their past couple of years calls, they are more accurate then a lot of the gold-bug newsletters I find. And, please shout! 0 Likes Eileen Dec 6 2017, 07:11:04 pm New to this, but after all the analysis mentioned for Weiss Research $3 mining company, what was the group agreement on the stock teaser? Most of what was discussed was not $3/share. 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