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Marc Faber: The Gold Sector is Bottoming Out

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Posted by Marc Faber - Gloom Boom & Doom Reporteport

on Friday, 08 September 2017 07:21

 

If you ask me about the world, I think we had a very strong performance of technology and internet-related stocks, e-commerce and so forth. They had a super performance until recently. Now, more recently in the U.S., Facebook, Amazon, Apple, Google, Netflix are the kind of stocks that will not provide you a high return going forward. They will go down as they are quite vulnerable. First of all, there will be more international competition and secondly, the valuations are really high. When we look at sectors that have low valuations, I would say oil and oil-related stocks are relatively low. European stocks are relatively low compared to the U.S. Some Asian markets - Singapore, Thailand, Vietnam are relatively low compare to everything else, as well as Japan. Then we have the mining sector which had a horrific performance since 2011 and the speculators are now-a-days are no longer in gold, silver and platinum. They all migrated to cryptocurrencies. But the gold sector is bottoming out. It is a very different type of asset class to own physical gold than to own bitcoins and other cryptocurrencies. I think that this sector will come back, as well as the underlying shares.

King-World-News-Marc-Faber-Unveils-The-Biggest-Surprise-For-2015-And-The-Greatest-Danger-Facing-The-World-Today



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Asset protection

The Coming Run on Banks and Pensions

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Posted by Dave Kranzler - Investment Research Dynamics

on Thursday, 07 September 2017 07:14

Pension Grenade 16“There are folks that are saying you know what, I don’t care, I’m going to lock in my retirement now and get out while I can and fight it as a retiree if they go and change the retiree benefits,” he said.  – Executive Director for the Kentucky Association of State Employees,  Proposed Pension Changes Bring Fears Of State Worker Exodus

The public awareness of the degree to which State pension funds are underfunded has risen considerably over the past year.  It’s a problem that’s easy to hide as long as the economy is growing and State tax receipts grow.  It’s a catastrophe when the economic conditions deteriorate and tax revenue flattens or declines, as is occurring now.

The quote above references a report of a 20% jump in Kentucky State worker retirements in August after it was reported that a consulting group recommended that the State restructure its State pension system.   I personally know a teacher who left her job in order to cash completely out of her State employee pension account in Colorado (Colorado PERA).  She knows the truth.



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Asset protection

The Insanity in Korea – But Is it Logical?

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Posted by Martin Armstrong - Armstrong Economics

on Wednesday, 06 September 2017 07:47

Kim-Hydrogen-BombThe South China Post reported that Chinese scientists fear that a mountain in North Korea under which the last five bombs detonated as tests, may collapse crumbling into a crater. They fear that the radiation underground would then leak across region.

Russian President Vladimir Putin has warned that the escalating crisis concerning North Korea’s weapons program is placing the world at risk of developing into a “global catastrophe” with massive casualties. Putin has UNREALISTICALLY said that the only way to resolve the crisis was through diplomacy. For that to be even a possibility, it requires talking. Kim Jong Un has not even met with the leader of China – its once closet Allies.

Let’s put this is perspective. Why is Kim pushing the world to the brink? Kim Jong Un looks at this differently He believes that the survival of his regime depends on possessing nuclear weapons. He is most likely NOT interested in starting a nuclear war for he cannot be so stupid to believe he would win. Yet, Kim also realizes that the prospect of the USA sending a nuke to North Korea is also not likely for that would antagonize China and risk pollution drifting to South Korea and Japan, not to mention China. So with all the saber rattling, Kim is not stupid and realizes that the USA cannot launch a first strike.

Now, why is the goal of Kim? To be honest, Kim Jong Un does not trust the USA for from the outsider perspective, he has watched how American intervention in Iraq ended in the overthrow of Saddam Hussein, his execution as well as family members, and left the country ravaged by war and a puppet of Washington. Obviously, Kim has made the determination that had Saddam truly possessed nuclear power then the USA would never have intervened. This logic is understandable for it creates the stalemate between USA, China, and Russia. The USA invading Iraq, Afghanistan, and Syria with the objective of regime change creates the image that one must protect themselves and this is Kim’s perspective.

Sanctions will never work because Kim would starve his people before giving up his power. Also, as long as he appears to be strong, then there is little risk of an internal coup. If he backs down and appears weak, the prospect of being overthrown becomes probable from within.

...also from Martin: Market Talk- September 5th, 2017



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Asset protection

Eight Days to Destruction

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Posted by Gary Christenson - The Deviant Investor

on Friday, 01 September 2017 06:58

Harvey made landfall as a Category 4 Hurricane on August 25. The wind and flooding caused massive destruction. The news mentioned one hundred billion dollars as a preliminary estimate of the damage.

Eight days before on August 17 Harvey became a named storm. There was no apparent cause for alarm on August 17.

Two days later it was upgraded to a tropical depression. Harvey reached hurricane strength on August 24. Much can happen in eight days.

 

  • August 17: Harvey is named
  • August 21: Total eclipse of the sun. The path crossed the contiguous 48 states. Read “Total Eclipse of Sense.”
  • August 21: President Trump announces a revised and renewed war effort in Afghanistan.
  • August 25: Category 4 Harvey makes landfall, destroys buildings and dumps trillions of gallons of water on Texas. Houston, the 4th largest city in the U.S. flooded in many areas.

 

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MUCH CAN CHANGE IN 8 DAYS!

SO WHAT?



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Asset protection

11 Opportunities in Gold, Uranium and Diamonds

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Posted by James Kwantes via Streetwise Reports

on Friday, 25 August 2017 08:14

Former journalist James Kwantes, editor of Resource Opportunities, provides a tour of promising junior mining opportunities, from the extremes of northern Canada to the tropics of French Guiana.

The Gold Report: The U.S. stock market has been in a bull run for a number of years. What are your thoughts on the market and what it means for precious metals?

James Kwantes: Since Donald Trump was elected president, but also for years before that, large-cap U.S. stocks have been a "can't miss" for investors, who have been rewarded for chasing returns. It seems very toppy to me, but that doesn't mean it couldn't go on for a while still. In 2000, in the big tech boom, the market caps of the two or three largest technology companies equaled the market cap of something like every mining company in the world. We're at that level again. We're starting to see weakness in the U.S. dollar, and that's positive for gold. These things are cyclical. Gold looks like it's ready for the next longer-term breakout and we're heading into a period of seasonal strength. We're starting to see signs of strength in the junior market as well.

TGR: Would you talk about a couple of companies that you like in the precious metals area? 

JK: Let's start with the Yukon, where I recently did some site visits. When you fly into the Yukon, you see placer mining operations, where miners pull gold out of the rivers and the gravels. They look like big gravel pits from the air, and some of the operations are very large. Placer mining is a big industry in the Yukon—about 20 million ounces (20 Moz) of placer gold has been pulled out since the Klondike Gold Rush days in the late 1890s—but the Yukon has never really had a large bedrock gold mine. So the hard-rock source for all that gold is a kind of holy grail in the Klondike.

Last year, Goldcorp Inc. (G:TSX; GG:NYSE) bought Kaminak Gold Corp. and its Coffee project for $520 million. That sparked another gold rush, an exploration rush, that is seeing many of the world's largest gold mining companies do joint venture deals with companies that have Yukon projects.

TGR: What are some of the companies you are excited about in the Yukon?

JK: There's an interesting company called Klondike Gold Corp. (KG:TSX.V). It owns a large land position around Dawson, the epicenter of the Klondike Gold Rush, that includes some of the most productive placer mining creeks where a lot of gold is still being pulled out. Klondike Gold owns the claims above many of the best creeks. 

Klondike is systematically exploring an area called Lone Star, which was the site of one of the only historical bedrock gold mines that produced high-grade gold. Klondike has hit about 2 kilometers (2 km) of gold mineralization along a structure that CEO Peter Tallman thinks may continue for as long as 7 km. 

I like Klondike for several reasons. It's very close to Dawson City, so its costs of drilling are very low. And in the Yukon that's important. A lot of these companies require helicopters to get in and out, which is expensive. Klondike has great backing. Frank Giustra, the co-founder of Goldcorp and founder of Lionsgate Films, is a major shareholder. So is Francesco Aquilini, another Vancouver-based billionaire whose family owns the Vancouver Canucks hockey team. So Klondike has some deep-pocketed shareholders and a plan to home in on an area with lots of gold mineralization. I really like its prospects for this year.

TGR: What's another company in the Yukon that you like?

JK: Arcus Development Group Inc. (ADG:TSX.V), a small company that is under the radar. The CEO, Ian Talbot, is a geologist and a lawyer, and was BHP Billiton Ltd.'s (BHP:NYSE; BHPLF:OTCPK) lawyer out of its Vancouver office. Arcus owns a land position directly north of Goldcorp's Coffee deposit. The Coffee project covers a vast land position, but a lot of the gold mineralization is on the northern portion, very close to where Arcus's Dan Man project is. Last year, Goldcorp bought 19.9% of Arcus. So even though it's not on the radar of investors, it's on Goldcorp's radar. Arcus is drilling the project this year. I'd be surprised if Goldcorp didn't buy it out at some point.

Kwantes8-14-17-1

TGR: Did any other companies in the Yukon catch your attention?



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