A Visit with Denver Dave

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Our old pal, Dave Kranzler, stopped by earlier today for a brief discussion of global market risks (including Deutschebank) and the gold "market" (including EFPs and PNTs).

Again, please be sure to check out Dave's site, www.investmentresearchdynamics.com. There you'll find all sorts of free reports but also information on his two subscription services, the "Mining Stock Journal" and the "Short Sellers Journal".

Dave and I only had a limited amount of time today so this discussion is short and on point. Please be sure to carve out some time to give it a listen.

TF


50 Comments

nuggety's picture

A funny thing happened....

just in from the pub watching football ........ GOAL !!!!

silverflower's picture

Dave Kranzler

is always worth listening to. I like his "clear language" and deep experience of financial markets. And his capability to translate it into a language that a common guy like me does understand. Last but not least, what every pundit nowadays needs to take into consideration is the criminality of the bankers and the "Powers that be". Very important in order to anticipate their next move as we are not experiencing free markets, quite the opposite of it. Both Turd and Dave do exactly that.

Island Teal's picture

Great Sounds to go with Denver Dave

Brit Floyd at Red Rocks

Blackwatersailor's picture

Nice podcast

Like the podcast.

Oh, and if you gents remember me talking about newfound minerals in Nork town awhile back.  

http://www.atimes.com/article/sexy-metal-the-missing-element-in-the-korean-puzzle/

I notice they forgot to mention the cobalt deposit.  Wonder who is getting access to that.  China or US.  

Markedtofuture's picture

Why America Wins The Trade War

Why America Wins The Trade War And How Clever Stock Traders Can Profit From It

Avery Goodman

The USA holds all the cards in any trade war with China, and the Chinese will be forced to capitulate to Trump's demands.

US equities are already unrealistically overpriced, but after an initial decline, they will become even more overpriced, as money continues to flow into US from the collapsing eurozone.

For clever traders, extremely profitable "windows of opportunity" are on the way.

https://seekingalpha.com/article/4183142-america-wins-trade-war-clever-stock-traders-can-profit

remup181's picture

advice

On some wonderful from Denver Dave advice I went and purchased a few ASE's

Poundwize's picture

Juniors hitting day highs

Many juniors are rising into the close

pabste's picture

K92 Mining

Up 10%, finally in the green. Anyone heard any news? Can't find anything?

Turd Ferguson's picture

this is worth reading

MODERATOR
Poundwize's picture

PM Stock Charts

Some select PM stocks are doing very well. There is a bit of a stealth bull market in some of these stocks. Good stories are being recognized.

Clarki Stomias's picture

K92

  • Had some impressive/ bonanza grade exploratory drill hole hits (blended grades or not) about two weeks ago that the market never reacted to. 
  • Macquarie analyst just gave them a big write up and $2.50 CAD price target. (Great press coverage where there previously was none.)
  • Broke above it’s cup and handle, handle thingy part today (ask the chartists, I’m just an amateur). With gusto.
  • Between finally moving into production in Q2 and now some upcoming infill drilling that a) will hopefully connect it’s ore bodies and potentially almost double reserves and b) be paid for out of their own production profits and therefore be non-dilutive. And the thing is finally looking like it’s going to run. 

I bought Crocodile Gold for its Fosterville mine and similar drill results 6 years ago.  Then Newmarket bought them and then subsequently Kirkland Lake bought them. The rest is history  This K92 one that Turd originally brought to us sure feels “Crocy” to me.  But DYODD  

eastofwest's picture

Deutsche Bank ....

.... All time closing low ?

Ronnie 666's picture

Deutsche bank - correct phrase

[Shakespeare - As Macbeth approaches (AKA CGP) wink 1606] The witch says “By the pricking of my thumbs, something wicked this way comes”.

Chancey's picture

SSJ

I have been subscribed to Short Sellers Journal for all of 2018. It is well worth what Dave asks for for a monthly subscription. I always look forward to the SSJ every Sunday. Best value of any financial publication I've ever had.

Thanks Dave! And thanks Turd for the interview!

onesong's picture

D Bank...

10.67 closing low May 31, 2018. Today... 10.89. 

They will NOT let this bank go down! If it did... GAME OVER!

Jihk2431's picture

I'm a big fan of Dave's Mining Stock Journal

My best performing miner position was born out of one of his suggestions.  I've tried a number of services and have found his to be the best value by far.  

Turd - thanks for having Dave on.

AGXIIK's picture

After listening to the nearly 1 hour with Hennigh of Novo

a very thorough dissertation about the Pilbarra sections, good findings, missed opportunities and potentials embedded in the various miner operations, now getting into last two MSJ article, it's good to hear some of the macro issues afflicting the world, gold price and us from the dynamic duo.  

The emerging markets are once again getting hammered by the rising dollar,boosting the dollar,  as our trade wars with China and others cause a substantial rise in the dollar. 

Bang  goes gold in opposition to the rising dollar, collateral damage to the infestation of dollar bound pressures against precious metals.  Interest rates will put a bit of a floor under the gold price drop because that presages inflation and recessionary pressures.  Inverted yield curves and rate increases hammer the long term borrowing markets but worse yet the prime rate is 5%, a problematic level that puts pressure on operating costs and NOI.  

Russia just dumped half its treasuries and bought a boat load of gold.  60 tons.  6000000000 gozillion ounces  I forgot the exact number but boatloads is a pretty good measure given Russia is saying Nyet to the USTs.  They know gold is solid, a stabilizing element to their economy and currency and very likely to rise in price.  They know the end is nearing for the petro dollar as they  actively push it over a cliff.    OPEC is falling apart and the TBTF banks are sketchy. 

The Fed just said all the SIFIs are good to go, having passed their living will tests. They will survive a 60% drop in the stock market and other disasters of the type that nearly destroyed the banking system and global economy 

And now global debt is $250 tribillion geezels.  For anyone who knows about debt;   that's a lot of  cake.

Not that I know jackshit about nutting but that ache in my knee tells me that the stars and planets are lining up for some seriously bad joujou.  

Keep stackin'

NW VIEW's picture

Social Activists?

   We had a great talk with a relative, who just graduated from the 8th grade, in a local public school.  Two of the students, who gave their speeches at the graduation, spoke of their direction in life, being "social activists".  

  I asked the relative what  is happening within their grade school.   He said the place if filled with SNOWFLAKES, the kids are being driven down a roadway without any Faith, pulled into the river of snowflakism.  He said that he and two or three other students just do not get involved in their insanity.   

 When we were that age, we played baseball, basketball, fished the creeks, had great inner peace, and looked forward to a wonderful time in high school.  The kids today are looking for social issues to protest, being quite proud of their positions, and violence is coming through their expressions.  jmo

silver10sguy's picture

Gold Resources Corporation on a Yearly Chart

First,  a big thanks to Turd for another good interview with Denver Dave.   I enjoy his comments and his website.

Secondly,  I wanted to share with Poundwize that GORO has been going up for one year.  I also really like Silvercorp Metals and a June 8th report had some high grade mineralization in addition to their dividend,  no debts, and plenty of cash.  

SS121's picture

(No subject)

Libero's picture

NW View- Snowflakism??

Really???  I think Jesus Christ was a "social activist" and you would consider him a snowflake.  

Your comments are hateful.  You are a hypocrite to the bone.  

short rant off

Edit: Charles Krauthammer passed today.  He was a good and righteous man.

Bohemian's picture

@AGXIIK

"Russia just dumped half its treasuries and bought a boat load of gold..."

Good for them. I was in a bar last night and I dumped half of my USDs, too. Now, looking at my credit card statement, I am thinking about going to the bank and damp the rest of my USDs over there. They can keep that useless fiat. ;-)

Markedtofuture's picture

CRYPTO July MANIA (Flood Gates Open) triggered by June Stock PLU

***IMPORTANT CHARTS at the 49-minute mark*** PRIVATE INTERVIEW date was June 5 and was released to our PRIVATE SUBSCRIBERS the same day. On June 20, 2018 this INTERVIEW was released to the PUBLIC.

Actual interview starts at 7 min 45 seconds

Ag027's picture

Fantastic Interview on USA watch Dog

Hi Craig, 

  Thank you for your wisdom on USA watchdog. It was very informative. you explained tariff/trade war  situation and consequences so well.  

Cheers..!!!

SS121's picture

The USD is the only currency in the world backed by Gold

-Physical Gold-

The current exchange ratio is 2.64 grains of pure physical Gold per 1 USD if turning in the paper or digital USDs in exchange for the pure Physical Gold.

Image result for gold bars and cash

Only Currency in the world backed by pure physical Gold.

...and just when the international bankers and their media outlets and shills had so many convinced that the USD was dying, losing it's reserve status, it's "reference"(whatever that means).  Reality wins again.  

Ag027's picture

Get Dave back soon...!!

Fantastic interview....!! get him back soon..!!

SS121's picture

Isn't it strange that everything is either misleading or a lie

The USDX isn't a moving USD index after all

and the Federal Reserve Bank isn't Federal

And Wall St. "silver" is not metal

And Wall St. "gold" is not metal 

And just because Nixon said the international bankers couldn't print currency and take U.S. Gold didn't mean that the Bretton Woods agreement is no longer a reality.

This current reality (ALL currencies are USD Valued currencies) was set forth in the 1944 Bretton Woods Agreement

ARTICLE IV. PAR VALUES OF CURRENCIES

SECTION 1. EXPRESSION OF PAR VALUES

(a) The par value of the currency of each member shall be expressed in terms of gold as a common denominator or in terms of the United States dollar ...

And still backed by Gold, each and every one... but hurry, at these exchange ratios only while supplies last!

[Most Recent Quotes from www.kitco.com]   <---  Yep, there it is.  Dying and dead according the Wall St. and Co. for years yet still 100% World Currency Standard, 100% World Reserve Currency.

Almost enough to make a person want to quit filling their little noggin with fairy tales ain't it?

Reality is taking hold, and at a seemingly advancing pace. 

Note:  All above just pointing out the obvious reality of the situation.  I did not make it this way and it's not necessarily my fault.  Nor is intended to impact the paid following of entertainer Jim "Golden Jackass" Willie or others who are lead to proclaim the USD is dead or dying and like to charge (in USDs ironically enough) to do so.  He's a fine chap too.

Ozymandias's picture

RE:SS121 Bretton Woods

Didn't the Bretton Woods Agreement also state that any member could exchange their dollars for gold at $35/ounce? If the U. S. unilaterally voids that clause (temporarily -for over 45 years- closing the gold window) by making gold no longer available for dollars hasn't the Agreement been effectively "torn up" by the U. S.?

infometron's picture

IG response to the big question

Here, let me translate this, and his entire report:

“What happened happened” Totally useless!

SS121's picture

Ozy... what do you think??

Please read the Bretton Woods agreement and see how things operate today.

Are you divorced from your "honor and obey til death do you part" little Mrs. because she didn't obey your order to get you a beer out of the fridge back in the spring of '98??  Well theoretically and technically maybe.  But here in reality and in the general, common sense worlds of money and matrimony... no.  everything wasn't "torn up".

You are trying to choke on gnats and swallow camels to make the map Wall St. sold you read write per the terrain in front of you, and it just won't sir. 

Bretton Woods laid out the Gold and USD situation and in Article 14 declared that new emerging currencies and countries would continue to be brought in as it still is today.

I'm still researching this and just now piecing this part together, but what Pres. Nixon basically did (and you have to read between the lines when you listen to his actual speech) was to outsmart the international bankers.  The privately owned owned Central Banks, of which the Federal Reserve is one of, they print the currency of the U.S. right?  So they could create as much of their currency outside the U.S. govt control and then use it to buy U.S. Gold at a price that no longer reflected a realistic currency to Gold ratio.

That is what Nixon was stopping.   BUT, that then forced the bros. (Central Bank owners) to eventually (as it is today) make Gold available for cash or the cash would become worthless and they would lose their privately owned currency hold.

So here we are today, everything ticking along with the bros. only in control of anything so long as they keep all of us supplied with chart cheap Silver and Gold while the USD is still phyzz backed and 100% in the same King Dollar position it was following the 1944 agreement.

The system builders hate the land of the free and home of the brave because they can't take it down or turn it to their communism or worse system of govt.  and even their wholely "owned" financial system only exists til the folks get spooked and start the final Silver grab that has been held off until now by the chart price only.  They've poisoned the minds of many, including many here,(not implying you) but that's all working out as the legitimacy of their systems ("markets" / "charts") are coming to light,  so no worries.

And if my rambling here indicates i mistook your original assertions let me say that i don't consider you to be sided with the negative stuff that i rambled into.  it was just for context on the whole agreement and the chess game that surrounds it as it seems to me.

and i have read the Bretton Woods agreement several times and don't remember the $35 part being there.   That price could likely have been dictated by other Congressional Acts and referred to inclusively by the Bretton Woods agreement.  Similar to the Constitutional Dollar being Silver of a certain amount not based on the Constitution specifically but instead on the Coinage Act of 17?? (or whatever it was) that set the specific amounts that are then referred to . . .blah blah blah.  Or i may have just missed the $35 part!  :-)

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