frizzers Posted October 15, 2012 Report Share Posted October 15, 2012 "DrBubb" on Gold shares etc. (interview on FBB) On his recent trip to London, trader Michael Hampton discusses gold, the stock market and the financial outlook. Good news ... though he sees a correction in the short term, Mike is bullish about gold and gold stocks. Here's a link to his charts. * Hampton believes that the upcoming presidential election in the United States is going to an big impact on both gold and the stock market. The seasonal cycle calls for a correction in the gold market in October that could result in a significant low as early as this week. Once that's out of the way Hampton expects a pretty decent upside move in the gold price. The four-year cycle in gold indicates that the year after the US elections on average sees a doubling of the gold price. His outlook for the stock market is not as bullish , as the liquidity injections of central banks seem to have a diminishing impact after each additional round. Therefore owning call options on gold or gold shares versus puts on stock indices could be an interesting trade. PLAY OR DOWNLOAD HERE LINK TO PROGRAMME HERE *Charts Sure. Here's the Bernanke Racetrack chart I think we discussed two others, but I am a bit too jet-lagged to recall what they were. Long term GDX, or HUI maybe? Monthly HUI ... update HUI is very roughly about 10X GDX - and has a longer history GDX / etf for Major Gold shares ... update Ratio : 9.55 HUI : 489.99 = $5.54 GDX: $51.31 - $0.35 Link to comment Share on other sites More sharing options...
frizzers Posted October 15, 2012 Author Report Share Posted October 15, 2012 Lots o interviews coming in the near future , but also check out this one with Theodore Dalyrimple - Link to comment Share on other sites More sharing options...
callmejoe Posted October 15, 2012 Report Share Posted October 15, 2012 Wow! Fame at last, Dr B Link to comment Share on other sites More sharing options...
notanewmember Posted October 15, 2012 Report Share Posted October 15, 2012 This has been long awaited. I no longer listen to FSN, Goldseek, Patriot or Kingworld as I have all I need now, but I'm always on the lookout for Bubb and Frisby. Link to comment Share on other sites More sharing options...
frizzers Posted October 15, 2012 Author Report Share Posted October 15, 2012 Thanks - here's the XAU in post-election years Link to comment Share on other sites More sharing options...
drbubb Posted October 16, 2012 Report Share Posted October 16, 2012 I was very lucky to have had a chance for a conversation with Rod McEwan of almost one hour at this year's Mines & Money- Hong Kong I think I posted my notes of that conversation on GEI, and when I can find them, I will repost them here. One of the most interesting things he said was that Gold stocks tend to Double during the year after the presidential election. If we see it again, it might take GDX from its 2012 low near 40 to about 80 or higher, and HUI to about 800 GDX: In August, we saw the latest opportunity to Buy GLD versus SPY In London, Dom and I also spoke about some of the ideas in his book, and I hope he can post that Podcast later too. Link to comment Share on other sites More sharing options...
drbubb Posted October 16, 2012 Report Share Posted October 16, 2012 (A duplicate post from DrBubb's Diary): Another Gold stock index, XAU, has already made an "a" low, and a "b" high, and looks set to soon make a "c" low XAU / PHLX Gold/Silver Index ... update XAU : 185.15 +0.25 Open: 184.49 / High: 185.22 / Low: 181.93 Percent Change: +0.13% (It's interesting to see that index close up +0.13%, on a day when GDX was : -0.04%, and GLD was: - 1.01% ) It could be this week, near $180... with a small possibility that we have seen the XAU and GDX low already Here's a long term chart for the same index XAU / PHLX Gold/Silver Index ... update XAU link: http://stockcharts.com/h-sc/ui?s=$XAU&p=M&st=1980-10-15&en=(today)&id=p20623278061&a=280554429 Link to comment Share on other sites More sharing options...
drbubb Posted October 16, 2012 Report Share Posted October 16, 2012 About GEI's Gold calls. I tend to be more accurate on my Buy Calls, than my sell Calls - as this may confirm KWN: "Today King World News is reporting on the stunning developments taking place in the gold and silver markets. Acclaimed commodity trader Dan Norcini told KWN that in the metals markets, “... we’ve had a huge amount of short covering.” Norcini also stated, “Those shorts got hit hard this week, and a lot of them ran for the exits. These guys got caught with their pants down.” Hmm. Why don't they talk about something more important, like: GLD/ Gold has run up to an important Resistance level, and will need Fresh Buying to punch through it GLD ... update KWN is heavily biased (as a Bull) They always give the Bullish news, and you don't here about the Bearish parts of the story until AFTERWARDS, when the price is lower, and they are trying to talk it back up again. Is that type of "news" really helpful? On GEI I try to do better, and talk about things that will move the market BEFORE the move occurs. I though we would push through it, and it soon did. That level of GLD-$160 now probably represents very strong support, and the worst case low for this move. I do not think it will go that low, since there are now good support levels above there - like $166-167, and others Link to comment Share on other sites More sharing options...
frizzers Posted October 16, 2012 Author Report Share Posted October 16, 2012 Here's no 2 of many. Greece From The Inside Dominic Frisby talks to Athens resident, former bond trader and business man, Stratos Manolas. Greece faces a dire social situation with an unemployment rate of 25%, a rise in poverty, illegal immigration and capital flight. In the years leading up to the debt crisis, Greek politicians gladly took EU subsidies without assuring the productive use of those funds, which lead to an increase in debt and corruption. At the same time the regulatory setup in Greece has hindered the entrepreneurial spirit of the country. While the latest reforms were necessary and had good elements, Manolas criticises the implementation of reforms, and how the IMF forced them upon the people. The majority of Greeks still favour staying in the euro. Manolas states that a move to the drachma and the subsequent power to manage their own currency could lead to the postponement of necessary structural adjustments. They agree that the eurozone will continue to “muddle through”. Amid the gloom though, Manolas sees some positive signals for investing in Greece. PLAY LINK HERE Link to comment Share on other sites More sharing options...
drbubb Posted October 16, 2012 Report Share Posted October 16, 2012 Good one. It's good to see Stratos commenting - and I will look forward to hearing what he has to say I heard him make a comment about Greek Bond prices doubling whilst I was in London, and this supports it: GREEK BOND prices are rising, despite austerity - points out an article in the WSJ ... highest level since a debt restructuring - to about 17.2% yield, from a high near 31%. German Finance minister Schauble has said that he doesnt think Greece will default on its debt. "There's been a sea-change in sentiment since June..." == == What the article does not mention is that it is very expensive to be short high-yield instruments like this Link to comment Share on other sites More sharing options...
halight Posted October 16, 2012 Report Share Posted October 16, 2012 I enjoyed the first podcast Iv not yet had chance to hear the 2nd one yet. But I'm looking forward to it. Keep up the Good work, Both of you. Link to comment Share on other sites More sharing options...
drbubb Posted October 17, 2012 Report Share Posted October 17, 2012 How would CDNX (the Canadian Venture Index) fare in my Bullish scenario? Maybe rather well - It could double from the recent low of 1,200 CDNX / Venture Index ... update It need not do that well, but if GDX doubles from the $40 Low of 2012, then CDNX could hit $2400, $2600-2800 (top of channel), or even the old high near $3400. Link to comment Share on other sites More sharing options...
ecoface Posted October 18, 2012 Report Share Posted October 18, 2012 Dominic, Did I hear your voice doing an advert for a BBC2 programme a couple of nights ago? It sure sounded like you!! Link to comment Share on other sites More sharing options...
drbubb Posted October 18, 2012 Report Share Posted October 18, 2012 Could it be another channel? I think he regularly records voiceovers for the BBC. But I am also aware that he has been doing work for other channels. When I was in London I had a chance to hear him record a short change for a spot that he did for a Travel show - but I don't think it was the Beeb. I wonder how long it takes before these ads are used? Link to comment Share on other sites More sharing options...
halight Posted October 18, 2012 Report Share Posted October 18, 2012 I listened to the 2nd pod cast today. I really enjoyed it. there were some very good points made about sound money. Plus some good ideas on how we can go forward from were we are now to get a sound money system going. Great pod cast guys! Keep up the good work. Link to comment Share on other sites More sharing options...
drbubb Posted October 18, 2012 Report Share Posted October 18, 2012 I listened to the 2nd pod cast today. I really enjoyed it. there were some very good points made about sound money. Plus some good ideas on how we can go forward from were we are now to get a sound money system going. Great pod cast guys! Keep up the good work. Here's the Link for that one - I haven't listened yet, but I was there Michael Hampton and Dominic Frisby discuss sound money MP3: Link-to-Download On his recent trip to London, trader Michael Hampton discusses some of the issues raised in Dominic Frisby's book. They discuss the importance of sound money, the shrinking of the middle class and currency competition. Dominic Frisby states that the extraordinarily uneven distribution of wealth in country’s like Britain and America is a consequence of our system of money. Those who receive the newly created money first benefit over those who don’t – a process which compounds over time and leads to an ever greater concentration of wealth among the top 1%. They also point out that government redistribution of wealth – whether via inflation or through welfare payments – is placing incredible pressure on the middle classes, who are finding themselves squeezed like never before. (I might give it a thread of its own - if there's enough interest in the subject of Sound Money ) Link to comment Share on other sites More sharing options...
TrueNorth Posted October 19, 2012 Report Share Posted October 19, 2012 good interview fellas, I listened to the one about gold last night. Link to comment Share on other sites More sharing options...
drbubb Posted October 19, 2012 Report Share Posted October 19, 2012 My Money followed my Mouth this week - see DrB's Diary EXCERPT Cheap "Gold upside" through GLD Call Options ? Essentially, I have bought In-the-Money Calls on GLD on over $1,000,000 worth of Gold. I am now long: GLD. Jan $170 calls - Now worth $3.75 ($375 per 100 share Call) If I had 50 such calls, they would: + Be worth $3.75 x$100 x50 = $18,750 + Control 5,000 shares of GLD worth : $167.00 x 5,000 = $835,000 In fact, I have a slightly larger number than that, which allows me to control Gold worth 7-figures. GLD- Jan.$170C ... update With GLD now at $167.00 or so, they are worth No Intrinsic Value (today), but a tiny move up in Gold will put these Call options in the money. And I control a GLD/Gold position worth over $1 milllion for only 2.25% of the Face Amount Link to comment Share on other sites More sharing options...
drbubb Posted December 30, 2012 Report Share Posted December 30, 2012 "A Christmas low" ? MP3 : http://commoditywatch.podbean.com/mf/web/4am2u/2012-10-14-GMY-DF-E-56.mp3 In the interview, I spoke about a possible a-b-c completing around Christmas time: GLD-chart The volume on that recent low is higher than I would like to see, so maybe it will need to be retested in the next few days? Link to comment Share on other sites More sharing options...
drbubb Posted January 7, 2013 Report Share Posted January 7, 2013 (From the time of the Podcast) GDX / etf for Major Gold shares ... update Ratio : 9.55 HUI : 489.99 = $5.54 GDX: $51.31 - $0.35 (UPDATE: xx Jan. 2013) ... latest update Ratio : 9.544 HUI : 432.65 + $0.62 GDX: $45.33 + $0.19 Link to comment Share on other sites More sharing options...
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