On Soros & gold
Nov 13, 2016 09:16:42 #
While I’m not a conspiracy theorist per se, I do believe there is a naturally occurring and constant collaboration about shared interests occurring amongst the heads of governments, corporations, investment managers and all of the bottom feeders that survive off their scraps.
What I find most interesting about Soros is that he is so obvious in his intentions and persistent in their pursuit. Given the consequences of his actions, it is also clear he’s a believer in moral relativism and that the ends justify the means.
That he turns a nice buck in his crusade for what certainly rhymes with a one-world government is a Soros hallmark.
“It allows me the money needed to fund my philanthropies” he might answer to the charges he is profiting from blood in the streets he was instrumental in spilling.
Going forward when something big is happening geopolitically, I am going to start my analysis by checking under rocks for signs of Soros.
At the beginning of this article we noted that Soros has gone big into American Barrick (ABX), a leading gold producer. As of the end of March it was his single largest holding at 7.36% of his overall portfolio.
As telling, he has dumped a lot of his more conventional stocks in recent months.
Given the man’s inside track – and active manipulations – you might want to take the hint and pick up some physical gold as an insurance policy against a systematic shock.
If you already own gold, I probably wouldn’t chase it here as it has had a good run of late. Ditto silver which is up 46% year to date. But if you don’t own some, adding precious metals to your portfolio as a long-term holding, even at today’s prices, makes sense.
Per last week, I continue to believe the gold stocks have probably gotten ahead of themselves and could be in for a pretty significant correction. If so, I would be inclined to up my allocation to the sector to 20% of my total portfolio.
That said, no one can predict the future and gold could continue to power ahead, with the gold shares a more leveraged way to play the sector.
As always with gold shares, it is important to remember a few things:
In most cases, these are speculations. That’s because their financial metrics often don’t line up with anything looking like a good value. What you are really betting on is a revaluation of the ounces of gold or silver a company is sitting on. Thus, if a company is sitting on one million ounces of gold and gold goes up by $100, the company just got a lot more valuable.
Never fall in love with a gold stock. Set a rational return goal and once hit, at least scrape your original investment off the table. That way you are playing with the casino’s money.
Also per my article last week, keep in mind that should gold stocks buck the trend in a future global equities correction, the money managers who own big positions in gold stocks will almost certainly dump their holdings in order to dress up the rest of their portfolios. As the trading volume in precious metals share is relatively thin, you want to beat them out the door.
Embrace the volatility. The low trading volume of most of these stocks is a key reason they have such explosive upside. Any significant uptick in investor interest can send a stock soaring.
However, the flipside is also true. In the bear market that started in 2011, the majority of the precious metals stocks lost upwards of 75% of their value and many simply dried up and went away. Enjoy the ride, but don’t stay too late at the party.
Earlier this week I commented to a friend that if the EU was going to remain relevant, there had to be some major financial pain dished out post-Brexit. To let that seminal event pass with nothing more than the equivalent of a global shrug would entirely change how people view the European Union.
The bottom line, I’m expecting some volatility, perhaps triggered by Soros taking a second run at crushing the British pound, the source of much of his fortune and fame.
It’s promising to be a long, hot summer.
Here Come the Clowns
Nothing comes close to the Get Out of Jail card handed by the clowns at the FBI to Hillary over her private email servers. This despite pretty much no one disputes she broke any number of federal laws of the sort which would have landed a lesser clown in jail.
To quote FBI Director James Comey, “Although there is evidence of potential violations of the statutes regarding the handling of classified information, our judgment is that no reasonable prosecutor would bring such a case.”
There is nuance in that statement. For starters, that there is evidence of violations. But also the stark political reality that no “reasonable prosecutor” would enforce the laws, considering who the perp is: the standard bearer for the Democrats going into this e******n.
Besides, going after Clinton means crossing swords with Soros and no “reasonable prosecutor” would want to do that.
What I find most interesting about Soros is that he is so obvious in his intentions and persistent in their pursuit. Given the consequences of his actions, it is also clear he’s a believer in moral relativism and that the ends justify the means.
That he turns a nice buck in his crusade for what certainly rhymes with a one-world government is a Soros hallmark.
“It allows me the money needed to fund my philanthropies” he might answer to the charges he is profiting from blood in the streets he was instrumental in spilling.
Going forward when something big is happening geopolitically, I am going to start my analysis by checking under rocks for signs of Soros.
At the beginning of this article we noted that Soros has gone big into American Barrick (ABX), a leading gold producer. As of the end of March it was his single largest holding at 7.36% of his overall portfolio.
As telling, he has dumped a lot of his more conventional stocks in recent months.
Given the man’s inside track – and active manipulations – you might want to take the hint and pick up some physical gold as an insurance policy against a systematic shock.
If you already own gold, I probably wouldn’t chase it here as it has had a good run of late. Ditto silver which is up 46% year to date. But if you don’t own some, adding precious metals to your portfolio as a long-term holding, even at today’s prices, makes sense.
Per last week, I continue to believe the gold stocks have probably gotten ahead of themselves and could be in for a pretty significant correction. If so, I would be inclined to up my allocation to the sector to 20% of my total portfolio.
That said, no one can predict the future and gold could continue to power ahead, with the gold shares a more leveraged way to play the sector.
As always with gold shares, it is important to remember a few things:
In most cases, these are speculations. That’s because their financial metrics often don’t line up with anything looking like a good value. What you are really betting on is a revaluation of the ounces of gold or silver a company is sitting on. Thus, if a company is sitting on one million ounces of gold and gold goes up by $100, the company just got a lot more valuable.
Never fall in love with a gold stock. Set a rational return goal and once hit, at least scrape your original investment off the table. That way you are playing with the casino’s money.
Also per my article last week, keep in mind that should gold stocks buck the trend in a future global equities correction, the money managers who own big positions in gold stocks will almost certainly dump their holdings in order to dress up the rest of their portfolios. As the trading volume in precious metals share is relatively thin, you want to beat them out the door.
Embrace the volatility. The low trading volume of most of these stocks is a key reason they have such explosive upside. Any significant uptick in investor interest can send a stock soaring.
However, the flipside is also true. In the bear market that started in 2011, the majority of the precious metals stocks lost upwards of 75% of their value and many simply dried up and went away. Enjoy the ride, but don’t stay too late at the party.
Earlier this week I commented to a friend that if the EU was going to remain relevant, there had to be some major financial pain dished out post-Brexit. To let that seminal event pass with nothing more than the equivalent of a global shrug would entirely change how people view the European Union.
The bottom line, I’m expecting some volatility, perhaps triggered by Soros taking a second run at crushing the British pound, the source of much of his fortune and fame.
It’s promising to be a long, hot summer.
Here Come the Clowns
Nothing comes close to the Get Out of Jail card handed by the clowns at the FBI to Hillary over her private email servers. This despite pretty much no one disputes she broke any number of federal laws of the sort which would have landed a lesser clown in jail.
To quote FBI Director James Comey, “Although there is evidence of potential violations of the statutes regarding the handling of classified information, our judgment is that no reasonable prosecutor would bring such a case.”
There is nuance in that statement. For starters, that there is evidence of violations. But also the stark political reality that no “reasonable prosecutor” would enforce the laws, considering who the perp is: the standard bearer for the Democrats going into this e******n.
Besides, going after Clinton means crossing swords with Soros and no “reasonable prosecutor” would want to do that.
Nov 13, 2016 09:31:29 #
AL gouhti wrote:
While I’m not a conspiracy theorist per se, I do b... (show quote)
it's time to start watching this guy.if he is financing this law breaking and inciting to r**t then its time to put his tail in the clink..
Nov 13, 2016 09:43:26 #
AL gouhti wrote:
While I’m not a conspiracy theorist per se, I do b... (show quote)
Buying semi precious metals is a good idea, period..The Chinese yen is going to impact as it becomes more absorb in the money trade...
As for Soros, I'm sure he fears Trump sending him to Russia on Putins'International warrant years old now. He should too!!
Clinton will be given a broad pardon vy Bo before leaving office.. Not for her benefit but his own along with his cohorts in crime...It's likely already done!!
Nov 13, 2016 09:45:50 #
vernon wrote:
it's time to start watching this guy.if he is financing this law breaking and inciting to r**t then its time to put his tail in the clink..
A world g*******t, he is directly linked to much mayhem worldwide...More than just a menace he is pure evil!!
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