The Dow and gold reacted immediately Friday when FBI director James Comey briefed US lawmakers that he was to reopen the investigation into Clintons email use.
The Dow dropped 150 points almost immediately, while gold had a $24 bounce off the lows to 1285, before settling down $10.
Get ready for more October/November surprises and the volatility that comes with it.
Gold is most likely heading back to 1400 quicker with Trump than with Clinton. Either way, it's going there and higher for many reasons, even though a few analysts are calling for a drop from today's prices.
I tweeted this on October 9th:
#Gold1400 Update: Why #Gold will trade higher: 1) $152 Trillion global debt. 2) Trending negative interest rates. 3) Post election rally.
https://mobile.twitter.com/peedeeheenee/status/785263616685580288
I received my first fax from Martin Armstrong 28 years ago. He was a guest on Michael Campbell's, Money Talks on October 22nd. Coincidentally, Campbell was my broker 30 years ago at Levesque Beaubien on Burrard Street.
Martin's computer modeling forecasts a run on gold next year. He argues that gold does not respond to inflation. It reacts when people lose confidence in government. Gold is a hedge against the uncertainty that comes with Brexit, November 8th, and the French and German elections next year.
The French election is in the spring (April 23 and May 7), and the German election is in the fall (August 27 to October 22). Armstrong also thinks that the mistrust in the European banking systems will cause inflows into US equities, starting in January.
My Dow 20000 call could happen in Q1 17 under this scenario.
Talking Our Books
Total BergDex exposure was 100.03% average (Down 5.97% over last month) over 27 stocks. The index held up well considering the volatility from all the recent junior private placements that matured in October, and the drop in the price of gold.
As stated earlier, the BergDex 27 should be closer to 200% average by mid February, prior to the PDAC curse.
These are not just random picks. They have over 100 years experience between the three gentlemen, 11 discoveries, and 7 mines that went into production.
This is how the BergDex performed for the month, starting with his initial 3 Globe and Mail picks from March 4:
$LIX up 111%
$PGM 187%
$NGZ 344%
That's an average of 214% in 34 weeks public exposure to the entire Globe and Mail subscriber base that read Robert Hirschberg's interview.
Check out the realtime returns on Robert's other picks from his first tweet (plus 16 later public additions) on March 24th:
$BOL Up 40% $CAP Up 75% EAM 122% GSH 216% NFR 219% $NX Down 9% WML 440% $WPQ 42%
Later Additions
* April 18: $XMG Up 36%
* April 29: $MAY Down 44% IDM Up 36%
* May 05: $AVA Up 109% $CWM Up 50% $EMO Up 50%
* May 13: $ASE Up 133% $GPY 108% $SSV 111%
* May 25: $KNT Up 26%
* June 1: $QBA (KWC) Down 50%
* June 9: $AMU Up 30% AWE 375% TYE Down 21%
* July 4: $CBG Down 12%
* July 25 RJX.A 20%
March 24th stocks up average 143% over 8 picks
Recent additions are up 86% over 24 picks
Total BergDex public exposure is 100.03% average over 27 stocks
Takeover King Update
CRH Medical $6.56
2014 Low: .65
Gain: 909%
Takeover King Dr. Tony Holler's $CRH broke out of its 2015 high of 5.50 and printed 10 new high closes since October 5th. It's a BNN favorite, with 3 analysts rating it a buy, and 4 as an outperform.
I have been a fan of Dr. Holler since 2002. It appears that the $2.4 Billion man needs an upgrade to the $3 billion man soon, with CRH's market cap heading towards $500 million.
This is what I wrote about Tony on my January 12th Takeover King piece:
Dr. Tony Holler
From his time as an emergency room doctor at UBC Hospital, to the sale of ID Biomedical to GlaxoSmithKline for $1.7 Bil., to his award winning Poplar Grove winery on the slopes of the Naramata Bench (Penticton), Tony is still the same friendly guy.
Engaging, and always easy to talk to, success has done little to change his extremely positive attitude. Deal after deal, he knocks it straight out of the park.
Tony is unique in that he bounces back and forth between successful mining and medical deals:
- Chairman of Corriente until takeover ($679 Million)
- CEO of ID Biomedical, which was taken over by Glaxo for $1.7 Billion
- Chairman of Trevali from 2009 to 2014
- Present Chairman of CRH Medical (Market Cap Today: $250 Million)
Decanter Wine Awards Dinner, London (Poplar Grove Gold Medal: 2008 Syrah)
https://vitivallie.wordpress.com/tag/decanter-wine-awards/
The Takeover King model has been successful over 90% of the time since September 2015, with several big winners.
Pay close attention to $NGZ and $AVA from the BergDex 27, as they have all the fundamentals in place to be potential multi-baggers by next spring.
The BeckDex 60 percentage gains at month end from 2014/15 Lows:
$LIX 411% $SBB 396% $IDM 192% $NXE 632% $PTM 74% $SKE 100% $JEM 100% $HPL 150% $IDI 25% $NCA 343% (Was CCY) $MCC 67% $BOL 133% $EAM 633% $CAP 600% $CRH 909% $GSH 400% $NFR 537% $NDR 186% $NGZ 900% $NX 86% $PGM 886% $WML 4400% $WPQ 240% $KES 950% $BAR 152% $DMA 100% $MAG 123% $WKM 229% $RLG 2400% $CXO 350% $RST 600% $BAY 212% $WLF 120% $LAG 425% $GGS 1700% $GPH 21% $NEV 117% $IN 171% $TV 304% $BTH 69% $GLH 188% $KRN 90% $PE 2950% $KOR 155% $SSP 418% $RMX 200% $XMG 88% $PRS 344% $MAY 27% $AVA 820% $CWM 157% $EMO 350% $ASE 320% $GPY 928% $SSV 1233% $KNT 45% $QBA 0% (Was KWC) $ABN 100% $AMU 160% $AWE 850% $TYE 150% $CT 3850% $CBG 117% $GFK 540% $RJX.A 200% $RCU 700% $KGL 167%
Over 1000% Exposure
* CT 3850%
* GGS 1700%
* KES 1000%
* PE 2950%
* RLG 2400%
*SSV 1233%
* WML 4400%
Recent Reports
September Month End Report (October 2)
https://ceo.ca/@50yearbeckfan/september-month-end-report
Labor Day Month End Report - Dow 20000 Gold 1400 Update (September 5)
https://ceo.ca/@50yearbeckfan/labor-day-month-end-report-dow-20000-gold-1400-update
10-bagger Hunt: July Month-End Review (August 1)
https://ceo.ca/@50yearbeckfan/10-bagger-hunt-july-month-end-review
The Great Bull Market of 2016 Update and a Portfolio Addition (July 4)
https://ceo.ca/@50yearbeckfan/the-great-bull-market-of-2016-and-a-portfolio-addition
How Elon found US (June 12)
https://ceo.ca/@50yearbeckfan/how-elon-found-us
Ten-Bagger Update: ZZ Top & Muhammad Ali (June06)
https://ceo.ca/@50YearBeckFan/ten-bagger-update-zz-top-muhammad-ali
The Tina Turner Ten-Bagger Tour (May 23)
https://ceo.ca/@50YearBeckFan/tina-turner
Phil Collins and the Inimitable Dr. 7-Eleven (May 8)
https://ceo.ca/@50yearbeckfan/phil-collins-and-the-inimitable-dr-7-eleven
10-bagger update: Billy Joel and a 9-cent porphyry (May 2) https://ceo.ca/@jameskwantes/10-bagger-update-billy-joel-and-a-9-cent-porphyry
The Boss and BeckFan: 10-bagger update (April 25) https://ceo.ca/@50yearbeckfan/the-boss-and-beckfan-10-bagger-update
"I'm with The Police" - TSXV 10-bagger update (April 18) https://ceo.ca/@50YearBeckFan/summer
Eric Clapton: Rock'n Stock Talk (April 11) https://ceo.ca/@50yearbeckfan/eric-clapton-rockn-stock-talk
On Jeff Beck, Elon Musk and the power of intention (April 4)
https://ceo.ca/@50yearbeckfan/on-jeff-beck-elon-musk-and-the-power-of-intention
Kenny Rogers and the immutable law of reciprocity (March 27) https://ceo.ca/@50YearBeckFan/kenny-rogers-and-the-immutable-law-of-reciprocity
From the Four Seasons to Expo 86, and the Birth of CEO.CA (March 20) https://ceo.ca/@50yearbeckfan/from-the-four-seasons-to-expo-86-and-the-birth-of-ceoca
1974 All Over Again (March 13)
https://ceo.ca/@50YearBeckFan/1974-all-over-again
The Trickle Down Theory: Large Gains in Junior Miners and Micro-Caps (March 7) https://ceo.ca/@50yearbeckfan/the-trickle-down-theory-large-gains-in-junior-miners-and-micro-caps
Finally, an Acorn for Us Mining Bulls (Feb. 29) https://chat.ceo.ca/@50YearBeckFan/finally-an-acorn-for-us-mining-bulls
Why I Continue to Bet the Jockey in Canadian Micro-Caps (Feb. 21) https://ceo.ca/@50YearBeckFan/why-i-continue-to-bet-the-jockey-in-canadian-micro-caps
The Takeover Kings: $25 Billion to Shareholders and $22 Billion in Current Market Value (Jan. 12) https://chat.ceo.ca/@50YearBeckFan/the-takeover-kings-25-billion-to-shareholders-and-22-billion-in-current-market-value
Betting on the Jockeys: The Yorkton Lithium Express (Oct. 19) http://blog.ceo.ca/2015/10/19/betting-on-the-jockeys-the-yorkton-lithium-express/
This article discusses highly speculative penny stocks. Nothing in this article should be construed as investment or professional advice of any kind. From time to time, the author may transact in securities mentioned. All facts are to be verified by the reader and all readers to do their own due diligence before investing including talking to a licensed financial advisor.
