Global Inflation May Drive Gold to ‘$1400-$1500 This Year’

by Soren K. 29/03/2017 10:48 AM Global Inflation May Drive Gold to ‘$1400-$1500 This Year’ It is refreshing when a fund manager discusses their opinion before completely loading up. This speaks of confidence in their view, integrity in theri words, and a long view that is not worried about siggles i nthe day to day events. Incrementum AG’s MP Ron Stoeferle is such a person. We’re now seeing a pick-up in inflation all across the globe. Incrementum AG says that Gold ‘may be in the early stages of a [bigger] bull market’. The drivers behind this are negative real interest rates as a byproduct of inflation. Prices may climb to $1,400 to $1,500 an ounce this year, said Ronald-Peter Stoeferle, managing partner at the Liechtenstein-based company, which oversees 100 million Swiss francs ($101.5 million). Incrementum on What they Will Buy “For the short term, it’s in a bit of a technical no-man’s land, we also see that seasonality is not really favorable,” Stoeferle said in an interview in Singapore on Tuesday. “The real pick up in momentum might start beginning of summer. It’s in the very early stages of the bull market, so everybody is still kind of cautious or slightly negative, but this will improve. “As soon as we get the signal for rising inflation, we’ll invest in inflation-sensitive assets again such as silver equities, gold equities, energy and the broad commodity complex,” On Negative Real Rates While higher U.S. rates typically buoy the dollar and can hurt bullion, the commodity has advanced during previous hiking … Continue reading

Silver Wheaton may soon be named Wheaton Precious Metals

March 22, 2017 Cecilia Jamasmie   In late 2015, Silver Wheaton acquired a portion of future silver output from Glencore’s (LON:GLEN) Antamina copper mine in Peru for $900 million cash. (Image courtesy of Antamina) Canada’s Silver Wheaton (TSX, NYSE:SLW) plans changing its name to Wheaton Precious Metals Corp as half its revenue now comes from gold, the firm said Tuesday while delivering its fourth quarter results. The company’s bullion production has steadily increased since 2013, to the point that its revenue was evenly split between silver and gold in the second half of 2016.The Vancouver-based precious metals streaming company said its bullion production has steadily increased since 2013, to the point that its revenue was evenly split between silver and gold in the second half last year. Streaming, something that Silver Wheaton pioneered in 2014, means that a firm typically provides a chunk of cash upfront to mining companies to secure a “stream” of precious metals down the road. These sorts of deals have become increasingly popular of late, as miners have had great difficulty raising cash on stock and bond markets. Shareholders will be asked to support the name change at the firm’s annual meeting in May. If approved, the firm will also replace its TSX and NYSE ticker symbol from SLW to WPM. Silver Wheaton also reported fourth-quarter net income of $10.9 million, a significant recovery from the loss it registered in the same period a year earlier. Net income was of 2 cents per share, while earnings — adjusted for asset … Continue reading

How to Get Struck by Lightning

How to Get Struck by Lightning By Louis James, Chief Metals & Mining Investment Strategist Two M&A deals have already delivered paydays for investors in junior mining stocks this year: Goldcorp’s half-billion-dollar purchase of Probe Mines in Canada, and Tahoe Resources’ billion-dollar acquisition of Rio Alto Mining, a Peruvian gold producer. Now the arrival of a new, well-capitalized bidder for mining properties—X2 Resources—has raised prospects for more blockbuster deals like last year’s $3-billion takeover of Osisko Mining by Agnico Eagle and Yamana Gold. X2—a still-private UK company headed by Mick Davis, former CEO of mining giant Xstrata—has raised $5.6 billion to buy up “blue chip” assets in the mining sector. Given Xstrata’s pedigree as a base metals company, I don’t expect X2 to go stalking any of our favorite gold exploration juniors—or even base metals juniors, for that matter. The company is more likely to buy deposits and operations from major mining companies that are looking to simplify and focus their businesses. I have some guesses as to which properties will appeal the most to X2, but even if I’m right, those guesses wouldn’t be easy for investors to profit from. Suppose X2 lands a great deal for itself, taking a prize asset off the hands of a big mining company fighting reduced margins. That might be good news for X2, but it’s not a public company you can invest in, so you’re not invited to the party. For the seller, it’s an unhappy fire sale, nothing for shareholders to … Continue reading

The Most Likely Stocks to Give You Vertical Profits

The Most Likely Stocks to Give You Vertical Profits By Casey Research “This is a historical opportunity,” says Pierre Lassonde, co-founder and chairman of gold royalty company Franco-Nevada. Right now, gold stocks are so beaten down and undervalued that they have nowhere to go but up. And once the gold market rallies again, the best of the best mining companies—those with proven management teams and high-grade ounces in the ground—will simply go vertical.   Find out how to prepare your portfolio to get a shot at the jackpot. In GOING VERTICAL, Casey Research’s timely online event, on Tuesday, March 10, at 2 p.m. EST, eight of the world’s top industry experts tell you everything you need to know—including some of their favorite stocks to own now. Register here to watch—it’s free.   The article The Most Likely Stocks to Give You Vertical Profits was originally published at caseyresearch.com. Advertisement: Join us at CommonStockWarrants.com for the only listing and details on all stock warrants trading in the United States and Canada. All industries and sectors are represented and many opportunites for investors. Don’t overlook this unique opportunity. Visit our website now. … Continue reading

What Top Hedge Fund Managers Really Think About Gold

What Top Hedge Fund Managers Really Think About Gold By Jeff Clark, Senior Precious Metals Analyst In the January BIG GOLD, I interviewed a plethora of experts on their views about gold for this year. The issue was so popular that we decided to republish a portion of the edition here. Given their level of success, these fund managers are worth listening to: James Rickards, Chris Martenson, Steve Henningsen, Grant Williams, and Brent Johnson. Some questions are the same, while others were tailored to their particular expertise. I hope you find their comments as insightful and useful as I did… James Rickards is chief global strategist at the West Shore Funds, editor of Strategic Intelligence, a monthly newsletter, and director of the James Rickards Project, an inquiry into the complex dynamics of geopolitics and global capital. He is the author of the New York Times best-seller The Death of Money and the national best-seller Currency Wars. He’s a portfolio manager, lawyer, and economist, and has held senior positions at Citibank, Long-Term Capital Management (LTCM), and Caxton Associates. In 1998, he was the principal negotiator of the rescue of LTCM sponsored by the Federal Reserve. He’s an op-ed contributor to the Financial Times, Evening Standard, New York Times, and Washington Post, and has been interviewed by the BBC, CNN, NPR, C-SPAN, CNBC, Bloomberg, Fox, and the Wall Street Journal. Jeff: Your book The Death of Money does not paint an optimistic economic picture. What will the average citizen experience if events … Continue reading

Outside the Box: Shovelin’ Schmitt Against the Tide

Outside the Box: Shovelin’ Schmitt Against the Tide By John Mauldin   There is an obsession in the marketplace over the date when the Fed will once again begin to raise rates. As if another 25 basis points is going to change the economics on tens of trillions of dollars of investments. But as we reflect on the issue more deeply, it becomes obvious that a minor bump in the fed funds rate will indeed change a great deal of economics all over the world. No, it won’t do much to the cap rate on your latest real estate purchase, but it is likely to greatly affect the pricing of the currency and commodity markets. And those markets will affect corporate profits, which will affect the stock market. It’s all connected. And what if the Fed has lost control? What if they are in a no-win situation where raising rates will cause reactions they don’t want, but not raising rates will result in equally unpleasant reactions? A big part of the problem lies in what we analysts call divergent and convergent monetary policies. With Japan mounting an unprecedented quantitative easing attack on currencies everywhere and Europe getting ready to join in, with smaller nations all over the world lowering their interest rates, if the US were to raise rates, that move would strengthen the dollar even more. But that would mean even more deflation imported into the US. Today we find that the headline CPI was -0.7% for January, coming … Continue reading

How to Run a Government for Dummies

February 2, 2015 Martin Armstrong COMMENT: My wife took our 4-year old Alex to the bank today to open a savings account for him with his piggy bank of about 10k baht ($333.00). The teller noticed he was half Thai and asked if he was American, to which she said he was both Thai and American. The teller: “We won’t open an account for him because we have to report him to the IRS.” So my wife said “open it as a trust account as a Thai citizen.” The teller: “Can’t do that. It’s evading U.S. regulations.” End result: Alex can’t open an account here. Amazing, simply amazing. REPLY: FATCA is the worst law perhaps in history. It is prejudicial to Americans and it is wiping out the world economy at an incredible speed. It is also forcing Americans to abandon international business and bring all money home even if they have never lived here. Another ex-pat lives in Switzerland for 20 years with her husband. When her parents died she went to the bank to ask them to manage her inheritance. Not only did they refuse to accept money from an American, they closed her local account. But these morons are only interested in hunting down money. They see only their self-interest and to hell with everything that was fundamental to creating the world economy we live in today post-WWII. The truly amazing problem is these clowns do not know how to run even a local mom & pop … Continue reading

Warrants: Options On The Future

January 29, 2015 Dudley Pierce Baker http://CommonStockWarrants.com Have you ever explored the numerous opportunities available using stock warrants? Probably Not! Virtually everyday in the news with companies reporting a stock offering, either a private placement or a public offering, more often than not, stock warrants are attached to the offering. As well, you have probably seen articles about Warren Buffett and Carlos Slim with their personal investments involving stock warrants. My message for you today is that stock warrants are seen daily in the news and whether you will ever buy or sell warrants yourself, you need to understand what they are and the advantages that stock warrants can bring to your portfolio. But first we need to briefly discuss the overall market environment. These markets are getting very volatile whether you are investing in the resource sector with gold, silver or the shares or if you are investing in the Dow Jones Industrial Average, S&P500 or the NASDAQ, so let’s look at a few charts which tell the story of volatility, starting with the strength in the US Dollar.                           Stock Warrants versus Call Options A warrant is a security issued by a company giving the holder the right, but not the obligation, to acquire the underlying company’s shares at a specific price. That right expires on a specific date in the future. Generally, warrants are issued in connection with a stock or a bond offering. Frequently, they … Continue reading

Join Our Team For Greater Gains

January 25, 2015 Dudley Pierce Baker All of my subscribers are considered by me to be part of our team here at http://CommonStockWarrants.com. If any subscribers see something of interest in the stock warrant arena, I want to hear from you via email to support@commonstockwarrants.com, and indicate in the subject line: Feedback  As a subscriber, if you are great at technicals, charts, hedging strategies, timing the markets, etc., again, I want to hear from you. After feedback is received I may share content with other team members based upon my personal discretion. I believe that this new approach will be for the greater good as we are all in these markets together. To my current subscribers, I value your participation and support of our unique services, some of you for many, many years. If you are not a current subscriber I encourage you to join our team now. Not familar with stock warrants? Read my previous article, How to trade with warrants, originally posted on FuturesMag.com. There are many great opportunities with stock warrants and I see great volitility in the markets for all sectors perhaps culminating in substantially higher prices over the next several years and we look for the peak in 2017. Dudley Pierce Baker Founder-Editor http://CommonStockWarrants.com Join us at CommonStockWarrants.com for the only listing and details on all stock warrants trading in the United States and Canada. All industries and sectors are represented and many opportunites for investors. Don’t overlook this unique opportunity. Visit our website now. … Continue reading

What the Strong Dollar Does to Yellow and Black Gold and Why We’re Seeing Green

Editors Note: This is still a very timely read based upon what has been since October 2014 to the price of the USD, gold and oil. October 20, 2014 Frank Holmes The United States is doing better than it has in years. Jobs growth is up, unemployment is down, our manufacturing sector carries the rest of the world on its shoulders like a wounded soldier and the World Economic Forum named the U.S. the third-most competitive nation, our highest ranking since before the recession. As heretical as it sounds, there’s a downside to America’s success, and that’s a stronger dollar. Although our currency has softened recently, it has put pressure on two commodities that we consider our lifeblood at U.S. Global Investors: gold and oil. It’s worth noting that we’ve been here before. In October 2011, a similar correction occurred in energy, commodities and resources stocks based on European and Chinese growth fears. But international economic stimulus measures helped raise market confidence, and many of the companies we now own within these sectors benefited. Between October 2011 and January 2012, Anadarko Petroleum rose 58 percent; Canadian Natural Resources, 20 percent; Devon Energy, 15 percent; Cimarex Energy, 15 percent; Peyto Exploration & Development, 15 percent; and Suncor Energy, 10 percent. Granted, we face new challenges this year that have caused market jitters—Ebola and ISIS, just to name a couple. But we’re confident that once the dollar begins to revert back to the mean, a rally in energy and resources stocks might soon follow. Brian Hicks, … Continue reading