Rick Rule: Are the Worst of Times Yet to Come?

By Henry Bonner (hbonner@sprottglobal.com) “I plan on using this recording a few years from now as marketing material,” said Rick, speaking to current clients and friends of Sprott Global Resource Investments Ltd., the firm he founded in 1994. “What I’m going to talk about today I think will seem like a prescient market call three or four years from now.” His recent update was about putting the ‘carnage’ and heavy damage to people’s natural resources portfolio over the last two years, and acutely in the last couple of weeks, in perspective. “It’s times like these that you’ll look back on as the ‘good old days,’” Rick suggests. “In 2017 or 2018, I believe we will think of 2014 as the days when you could buy companies with the most compelling projects and management teams at 75 percent discounts from their previous highs. ‘Back then, we could see a company fall … Continue reading

Must Read: 10 Companies Adrian Day Sees as Stable in a World that Is Not

Manager Adrian Day has a ready answer for investors wondering why the gold price has been so depressed. It is the strength of the dollar. The Bank of Japan can act like a drunken sailor buying bonds at negative interest rates and the European Central Bank can do all the quantitative easing it wants, but as long as the dollar remains high, the gold price will suffer. That is why, in this interview with The Gold Report, Day focuses on 10 companies that can remain stable at almost any price. Unstable world The Gold Report: Gold has been bouncing around $1,200 an ounce ($1,200/oz) for a while. Why? Adrian Day: Until the dollar shot off like a rocket in July, gold had been up and down, perhaps disappointing some people. It closed the second quarter at significantly over $1,300/oz. Since then, both the euro and the yen have fallen and … Continue reading

The Broken State and How to Fix

The Broken State and How to Fix It By Casey Research The United States of America is not what it used to be. Unsustainable mountains of debt, continuous meddling by the government and Fed to “stimulate the economy,” and the US dollar’s dwindling status as the world’s reserve currency are very real threats to Americans’ standard of living. Here are some opinions from the recently concluded Casey Research Fall Summit on the state of the state and how to fix it. Marc Victor, a criminal defense attorney from Arizona and a staunch liberty advocate, says there’s really no such thing as “the state”—“it’s just some people bossing other people around.” Not everyone wants to fix things, he says; the bosses like the status quo. For example, aside from drug lords, DEA agents are the ones benefiting most from the “War on Drugs.” Victor believes that democracy and freedom are incompatible, … Continue reading

David Morgan’s Secret to Being Grateful, Even at $17 Silver

Manipulation and apathy can’t keep silver prices down forever; there is too much demand and too much money sitting on the sidelines. In this interview with The Gold Report, Silver-Investor.com Editor David Morgan tells us why he is grateful for his balanced approach to investing and life. He also explains why he is still excited about four developers that are moving projects forward at any price. The Gold Report: A recent GFMS/Thomson Reuters Silver Institute World Silver Surveyshows that while the price of silver dropped 23.6% in the last year, there was actually an increase in demand, particularly from China and India. Why is the price so low when the fundamentals seem to point otherwise? David Morgan: As the survey shows, there was a deficit of silver, which means fundamentally the price should be higher. But real prices are determined in the paper markets and the pressure there has been … Continue reading

Gold: Time to Prepare for Big Gains?

Gold: Time to Prepare for Big Gains? By Casey Research Years of a severe downturn in the gold market have left very few bulls to speak out in favor of the yellow metal. Here are some positive opinions on the future of the precious metal, from the recently concluded Casey Research Fall Summit. David Tice, founder of the Prudent Bear Fund, believes we are heading for a “global currency reset” that will reduce the role of the dollar in global trade. Central banks, he says, don’t possess all the gold they claim to, and the unwinding of the paper gold market probably isn’t far down the road—it could even ignite the next major crisis. The paper gold market (for example, exchange-traded funds like GLD) has massive leverage, with a ratio of 90:1 or 100:1 of paper claims on gold bullion. If only a small fraction of owners convert their paper … Continue reading

Jim Rickards: Obama’s Abandoning the Saudis for Iran and Dooming the Petrodollar

Jim Rickards: Obama’s Abandoning the Saudis for Iran and Dooming the Petrodollar By Alex Daley, Chief Technology Investment Strategist I sat down with Jim Rickards, author of many best-selling economics and investing books, including his latest, titled The Death of Money. In this exclusive interview, Jim shares his view on the changes in US foreign policy—the newly announced partnership with Iran to help fight ISIS and recent moves away from the petrodollar deal with Saudi Arabia—and what they mean for the dollar, gold, and investment markets in general. This interview just scratches the surface of the topics Jim covered in his speech at the most recent Casey Research Summit in San Antonio. You can grab a complete recording of that speech, and all 25 of the others, in the Summit Audio Collection, which is on sale with a juicy preorder discount for just a few more days.   Alex Daley … Continue reading

War, Peace and Financial Fireworks

War, Peace, and Financial Fireworks By Casey Research Politics has long been a driver of international markets and fickle financial systems alike. Everything is connected. Here are some voices from the just-concluded Casey Research Fall Summit talking about cause, effect, and war. James Rickards, senior managing director with Tangent Capital Partners and an audience favorite at investment conferences, says the Middle East, Russia, and China are all working against the US dollar and for gold. America’s recently improved relationship with Iran is actually bad for the petrodollar, he claims, because the Saudis and the Iranians are bitter enemies. The Russians, for their part, aren’t sitting idly by while the US imposes sanctions on them—aside from Putin being able to freeze US assets in Russia, Rickards believes that Russian hackers may already have the ability to shut down the New York Stock Exchange. China does want a strong dollar because it … Continue reading

Ellis Martin & Dudley Baker Talk Gold

This interview is a timely replay as gold is now approaching once again major support in the $1188 area. Will it hold this time? Listen Now This interview was held at the end of the Metals and Minerals Conference in San Francisco on November 27, 2013 between analyst Dudley Baker of http://www.commonstockwarrants.com and financial broad cast-journalist Ellis Martin. In this segment, Ellis predicts a coming $900 gold price and states what he believes will transpire after that. Dudley and Ellis also mention a few stock picks that may look promising currently. Is there a bottom in play? Frankly, this author is tired of all of the speculation and makes his own for the record. Listen Now … Continue reading

The Single Most Important Lesson from the Casey Summit

The Single Most Important Lesson from the Casey Summit By Louis James, Chief Metals & Mining Investment Strategist At our San Antonio summit, Rick Rule gave a talk that, as always, was well reasoned, packed with facts, and powerfully cogent. His message was simply that bear markets are for buying and bull markets are for selling—and in the future, resource investors with staying power would look back on the current market as “the good old days” when they were able to buy great stocks cheap. It was a great talk that no one I spoke to had any objection to nor argument against. What I did hear from some people, however, were comments along the lines of: “Yes, but he’s been saying that for years.” Given the level of understanding of and sophistication regarding natural resource investing among Casey Summit attendees, this downbeat expression might be a sign of a … Continue reading