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    VIDEO: How To Ride The Gold (& Silver) Bull

    Watch the replay video of our recent free webinar
    by Adam Taggart

    Thursday, September 5, 2019, 12:51 PM

The prospects for further gold and silver price appreciation has rarely looked this strong.

Despite the nice jump in price gold, silver and the mining stocks have enjoyed so far this year, we’re still in the early innings (perhaps still the first!) of this new precious metals bull market. If history is any guide, the real action still lies ahead.

In fact, if the early 2000s bull run is any guide the average gold stock will multiply four times from current levels — and the better ones could go up 10 times or more.

Yesterday, we aired a live webinar with several of the top experts on resource investing focused on how to position for (and not screw up!) the tremendous price appreciation wave that likely lies ahead for this sector.

It’s featured faculty were Rick Rule, president & CEO of Sprott US Holdings and renowned resource investor;  Chris Martenson PhD, economic analyst and co-founder of PeakProsperity.com; and Brien Lundin, editor of the world’s oldest precious metals newsletter and producer of the world’s longest-running investment conference.

You can watch the full webinar below:

For those inspired by the above webinar and interested in taking action within their own portfolios, here’s a short post-mortem recorded with Peak Prosperity’s endorsed financial advisor:

It’s important to reinforce both Brien Lundin’s and Rick Rule’s strong assessment that — despite the robust recent run-up in gold and silver prices — we’re still “very early” in the appreciation cycle for the precious metals mining sector.

Those looking to tap into this appreciation potential have not missed the boat yet.

But should the expected rocket ride indeed occur, you’ll only benefit from it if positioned smartly in advance. So for those interested in investing in this sector, decide on your action plan now and get busy implementing it.

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13 Comments

  • Thu, Sep 05, 2019 - 5:21pm

    #1

    KugsCheese

    Status Gold Member (Offline)

    Joined: Jan 01 2010

    Posts: 841

    When to sell?  I hope you were talking about gold stocks only.   With the CBs assured to print even more in the next crash physical gold is the insurance.  I didn’t hear that word in the webinar.   I also didn’t hear about mining debt analysis and how piggy bank money is being managed (e.g. capital investment vs C suite benefit).  What about unknown risks like governments passing laws on mining companies limiting their profits etc.  Don’t underestimate the loony thinking.

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  • Thu, Sep 05, 2019 - 8:52pm

    #2

    tourcarve

    Status Member (Offline)

    Joined: May 21 2009

    Posts: 12

    1+

    Thank you for this webinar

    As a newbie, I found this webinar to be really valuable. 

    It’s easy to buy physical gold, it’s easy to find articles arguing for how high the price could go. What has been missing for me is information on developing and carrying out a good strategy for going from cash from various sources through being in the sector in various ways to owning income-producing assets. 

    One thing that I have learned the hard way is that it is not enough to go to experts. Many years ago, some one said to me of experts that X is an unknown quantity and a spurt is a drip under pressure. I thought that was funny. Turned out is was, instead, descriptive. True guides have to be working based on an appropriate understanding of the changing context. Not so easy to find such people. 

    This webinar has useful information, including information on gaining knowledge. 

    Thanks to all.

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  • Fri, Sep 06, 2019 - 2:01am

    #3

    fionnbharr

    Status Bronze Member (Offline)

    Joined: Sep 27 2012

    Posts: 64

    3+

    Gold in the Age of Eroding Trust

    In the second half, Max interviews Mark Valek , the author of “In Gold We Trust” report, about roles of gold and bitcoin in times when “social contract” does not work anymore.

    Link to pdf report : –

    Gold in the Age of Eroding Trust

    fin

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  • Fri, Sep 06, 2019 - 7:24am

    #4

    sand_puppy

    Status Platinum Member (Offline)

    Joined: Apr 13 2011

    Posts: 1945

    3+

    Not Getting Shaken Out

    I very much appreciate the first 15 minutes of this webinar where Chris lays out (again) the long term forces that drive the precious metals bull market.

    –1/3 of the worlds investment grade debt offers a negative yield, and,

    –the total amount of debts (and off the books obligations) are so massive (and growing) that they can never be repaid.  An entirely separate endgame strategy will have to be invoked at some point:  default or print to devalue the currency.

    On days where dramatic price drops rattle the nerves, understanding the long term forces helps hold the course.

    Similar with the David Rosenberg interview posted by dryam2000 above, and Brian Lundin’s comments in the webinar.

    And of course, DaveF and Adams many reviews of the topic.

    —————

    Shipping PMs

    The USPS has a large “flat rate box” that is 12″ x 12″ by 6″ that seems to be a good way to ship PMs within the USA at a reasonable price, with insurance.

    Inside this box pack a slightly smaller box (11″ x 11″ x 5″) tightly, and tape the hell out of the inside box.

    A couple of points:

    To insure a flat rate box, there must be no plastic tape on the outside!  At the desk of the PO, they apply a brown paper “tamper-evident” tape to all of the seams.  (See picture below)  You can tape the insides of the flaps of the flat rate box with heavy plastic packaging tape, but on the outside, nothing except their tamper evident paper tape.  (there is a learning curve for this)  This is the reason that an inner box inside the flat rate box is needed.

    Write the address directly on the outside of the flat rate box in a location where the brown paper tape to be applied later won’t cover it up.

    500 Oz of silver weights about 40 pounds.  More than 600 Oz silver starts to get too heavy to manage.

    The USPS will insure to $25,000.  So 600 oz silver and 8 oz gold will bring you to the limit of both insurance and weight.

    A monster box of #500 1 oz. Canadian Silver Maples will fit inside these boxes without needing to be opened up.  However, a monster box of American Eagles will not fit and must be opened and rearranged.  Stuff with packaging paper wrap.

    Picture:   12″x 12″x 6″ USPS flat rate box sealed with brown paper tamper evident tape which is applied in the post office.  Insured.  Signature required.  Total cost $75.

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  • Fri, Sep 06, 2019 - 3:28pm

    #5

    Locksmithuk

    Status Bronze Member (Offline)

    Joined: Dec 19 2011

    Posts: 105

    1+

    Gold / silver bull webinar

    This was a great webinar for metals trading newbies like me. Thanks for arranging it. Between Rick, Brien Lundin and Jeff Clark I think there’s some extensive, quality industry knowledge to mine. [Sorry, the pun was just begging to be made. I’ll stop there before it gets any worse.]

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  • Sun, Sep 08, 2019 - 4:12pm

    #6

    timeandtide

    Status Member (Offline)

    Joined: Apr 03 2010

    Posts: 41

    1+

    Assumptions

    Great presentation, especially the charts shown by Dr Martenson at the beginning.

    The problem, though, is that everything that follows is based on a huge assumption. The assumption is that the bond yield will continue to plumb the depths of negativity and that equity markets will remain elevated.

    It has become commonplace to blame the Fed for all of the problems facing us, that they and other central bankers are stupid and so on. Central bankers are no more stupid than the rest of us. Dr Martenson illustrated an example of how stupid the most intelligent of people can be with the chart of Sir Isaac Newtons foray into the market at the time of the South Sea Bubble. Few of us are immune to the lure of the crowd.

    If anyone takes the time to actually look carefully at Fed rate changes and compare to the 3 month Treasury Bill market, it becomes clear that the Fed follows the market rather than the other way round. The same will be found in other markets like the UK.

    We are in a madness of speculation at the moment where highly leveraged gamblers are buying bonds such as the 100 year Austrian bond and forcing its price above par which leads to a negative yield. They make money by selling the bond at a higher price than they bought at, while the yield which is inverse to the bond price, drops. The Fed and other central bankers can take some of the blame for this because of QE. Without a doubt, central bankers are infected by the same crowd madness. But, they are bankers after all and, in theory at least, ought to be more cautious and conservative than the rest of us. I doubt they will have the stomach for another round of QE.

    If interest rates reverse then gold will be left with feet paddling over the cliff. How can interest rates reverse you may ask. How do you think any market reverses and always catches most people unawares? It just does and it has more to do with aggregate mood than rationality. We humans are great at post event rationality but mostly fail to see the madness when it is happening.

    Right now your webinar is pointing out many points of craziness to build a narrative for why gold should skyrocket. It’s a wonderful argument which supports your motive. Your motive is your desire for gold to go into orbit. You want to make money. We all do. Commodities have been beaten down so they must go up. It’s all so obvious.

    Actually, it’s about as sensible as the central bankers and their army of economists.

    The downside of your precious metal story is that gold is essentially useless stuff as compared to energy, copper, iron and food/fibre production. If gold heads towards the stratosphere, what is likely to happen to these other commodities? The things that we really need. They are likely to go up too.

    Without energy at an affordable price how does everything else work? What do you think will happen to the price of food? Do you think any government would allow these other commodities to take off without bringing in price controls. Yes, price controls are economic madness in the long run but they are better than anarchy and revolution in the short run.

     

     

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  • Sun, Sep 08, 2019 - 5:23pm

    #7

    timeandtide

    Status Member (Offline)

    Joined: Apr 03 2010

    Posts: 41

    1+

    Risk ans protection

    Having just watched the second video from the New Harbour guys, I am wondering how much faith they have in their advice regarding the continuation of the rising gold market.

    The idea that you can insure a position is tantamount to believing in certainty. Every trade is a speculation which implies that it is uncertain. The only thing that you can do to protect yourself is to have a limit to your loss if the trade goes against you.

    There is a simple way of doing this. You set a point in your own mind at which you close the trade and cut your loss. This requires enormous self-discipline. You can preset a stop loss in your trading account but the trouble with that is that your stop loss point is now visible and provides a point for others in the market to aim for in knocking you out of the market. The same goes for the more complicated business of hedging with options. The options market is telling a story that is read by other traders (mainly very big ones or those working for financial institutions). They will act against you. You should always be thinking about those on the other side of any trade.

    The reality is that there is no insurance for trading. The use of the word insurance is suggestive of insuring your house against fire or flood. That is something completely different and that risk can be calculated for from the data that insurance companies have collected over many years for the incidence of fires. That is not the case in financial markets which are inherently uncertain.

    When you trade you must have a backstop where you get out regardless. Knowing when to exercise that stop loss is always tricky but must be based on a technical understanding of market charts.

    The suggestion by the New Harbour guys that they are protecting themselves is misleading. There is a cost to that protection which means that they are lessening any gains that they might make. The only real way that you protect yourself is by closing a loss making trade. You make a loss but you are out and in a better psychological position to reassess. Yes, there are some reasons to hedge your position which are usually to do with taxation. In essence, though, a hedged position is a prebuilt reversal position. It seems to me that it would be a lot simpler to close one position and open another.

    I truly believe that this website means to give good advice to people but these videos, while well meant, seem dangerously close to being disguised sales seminars.

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  • Tue, Sep 10, 2019 - 1:23am

    #8

    Locksmithuk

    Status Bronze Member (Offline)

    Joined: Dec 19 2011

    Posts: 105

    Question on Gold & Silver video

    Please could someone confirm the name / symbol of the junior mining index. I thought I heard Rick Rule mention TSXV in the webinar, but can’t find it anywhere on the TSX exchange.

    Also, Rick mentioned Gold Mining Stock Report [55.52 in the video]. A search reveals a WordPress blog site, with its most recent post from 2008. I think Rick may have meant miningstockreport.com. Anybody familiar with this site instead?

     

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  • Tue, Sep 10, 2019 - 7:54am

    Reply to #4

    David Huang

    Status Bronze Member (Offline)

    Joined: Jan 20 2010

    Posts: 67

    Insuring a flat rate USPS box

    I do frequently enough ship insured flat rate Priority Mail boxes through USPS and wanted to note that you CAN have plastic tape on the outside and still insure it to ship as a normal flat rate package.  However, the most secure way to ship through USPS is utilizing their registered mail service, which I suspect could be combined with the flat rate box, though I doubt the speed of the Priority Mail 2-3 day service would still be valid.  (That’s just my guess there.  I haven’t tried.)  The reason no plastic tape can be used on the outside of a registered mail box is because they need to have every edge sealed with the paper tape so it can be stamped with their official postmarking all over, thus allowing some proof that it hasn’t been tampered with during it’s journey through their system.

    Double boxing is certainly a good idea!  I have another service I use to ship high dollar value packages where they insure the packages which I can then ship via FedEx or UPS.  To be valid I have to do certain things.  One is to only use new boxes, and another is to always double box.

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  • Tue, Sep 10, 2019 - 2:36pm

    #9
    agitating prop

    agitating prop

    Status Silver Member (Offline)

    Joined: May 28 2009

    Posts: 286

    Gold is backed by belief.  “Useless” American confetti fiat is backed by the military —  and belief.

    The government will not stand idly by and let it take over while Wall Street and Main Street implode.

    The trade wars are, in part, a battle for American currency hegemony. The Middle Eastern wars are also partly based around maintaining the reserve status of the dollar.

    So there is another angle to look at here.  If China gains further traction with its belt and road project AND the fed discovers that lowering interest rates amounts to pushing on a string, domestically, interest rates could go up.

    Gold for the short term is probably a good idea, but for the long term…not so much.  Too much resistance

     

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  • Tue, Sep 10, 2019 - 8:21pm

    Reply to #9
    ao

    ao

    Status Platinum Member (Offline)

    Joined: Feb 04 2009

    Posts: 908

    another possibility?

    Do you think the possibility exists that while the US military may be called upon to defend the dollar, the Chinese and Russian militaries may be called upon to defend gold (and have other Marxist countries as well as Islamic countries pile on to defeat the perceived bully of the world) ?

    I agree with your second sentence but do you think it’s possible that your last sentence might actually be rewritten by history as:

    “The US dollar for the short term is probably a good idea, but for the long term…not so much. Too much resistance”?

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  • Wed, Sep 11, 2019 - 10:55am

    Reply to #9
    agitating prop

    agitating prop

    Status Silver Member (Offline)

    Joined: May 28 2009

    Posts: 286

    Hi AO,

    Thanks for your response. Good question,  hey? It’s all pretty murky to me. There’s no certainty here, on my part, just something to possibly consider.

    The U.S. military has been fighting to maintain reserve status of their currency, through Middle East wars. Any M. Eastern country that accepted currency other than American dollars for oil was pulverized. The American dollar is backed by oil. Of course this is slowly changing. Its this scramble to reign supreme that’s responsible, in large part, for the international mess that’s been created.

    Through the belt and road initiative the Chinese will dominate Asia, Eurasia and their currency, backed by gold and financial/political stability is going to be a real threat. If someone to trace the Brexit to it’s source, they may find American influence in that part of the world as well, attempting to undermine the EU and its currency while frustrating future attempts by China to enter Europe and trade with it as a single entity, rather than a fragmented collection of small countries.

    As a mercantile nation, it won’t be in China’s best interest to have a high gold price backing its currency. They would want a stable and reliable means of exchange, but will still be competing with other currencies, so a weaker currency would be desired. So, they are unlikely to fight to support the gold market.

    Wow, that was dry and boring. I’ll have to spice things up a bit the next time!

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  • Thu, Sep 19, 2019 - 12:48pm

    #10

    New_Life

    Status Bronze Member (Offline)

    Joined: Apr 18 2011

    Posts: 186

    1+

    Responses to Gold comments above. insurance, miners index, Gold as a hedge

    Yet to watch the video but I will.  Regarding a couple of the comments above.

    I still see Gold as insurance, that’s why I’ve HODL’ed some since first finding Chris and Adam and digesting their teachings about fiat currencies and hard assets over 8 years ago.

    The comments on resistance are only really valid if you live in the country of the world’s reverse currency.

    Gold made an all time high this summer, yes those magical words.  This was against the British Pound £ Sterling.  Not a bad hedge as the uncertainty of Brexit unfolds.

    And in terms of resistance against the $$$ yes there is historic resistance at $1550ish which we tapped off.  However the fed have just printed Billions more fiat.

    https://edition.cnn.com/2019/09/18/business/ny-fed-overnight-lending-rescue/index.html

    I still think Gold can go back up there for another visit.  We’ve just retraced from a regular bearish divergence on the 1 day and 3 day timeframes.  Daily RSI is hovering around 50% right now.

    Someone asked for the ticker for Junior miners, I use GDXJ. (Vaneck Vectors ETF trust)

    Am also still watching BitCoin, this looks to be ending wave 1 of a bull run, we could consolidate in this 9-11k range for the end of the year, but personally I see a slow and steady grind upwards from here, maybe a nice wick down into liquidity possibly dipping into the $8ks.  If we go lower and reside there for over a week I will have to reconsider that we are no longer in  the early stages of a bull market but receding back into bear territory.

    Of course the key difference this time round with a bull run for BitCoin is that BitFinex SEC hearing is in October (14th IIRC) and Bakkt Futures are ready to open.  The futures market could also try and enter a prolonged period of suppressing and containing BTC like they have with Gold.

    Personally If we mainly hold above $9k I’m continuing to dollar cost average to increase my holding of BTC, I may consider selling some Gold/Silver to fund this.

    If we repeat the cycle of increase after a halving (scheduled May 2020) this grind up is going to eventually go parabolic again way past its current real mined value with mass media frenzy blow off top probably in late 2021.

    Any one else on here own both precious metals and Bitcoin?

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