Wednesday, June 14, 2017

New on Howe Street: "The Grass is Always Greener on the Other Side of the Border"

I did another Howe Street interview with Jim Goddard. You can find it here:

In their headline, Howe Street focused on my comments on paper gold vs physical gold. That relates to the chart I posted HERE.

Howe Street is metals focused, and that's fine. But I thought the more interesting part of the interview was what I learned at the Southeast Cannabis Conference and Expo in Ft. Lauderdale.

Here's the thing: I listened to a U.S. hedge fund manager who explained his clients were eager to invest in Canadian cannabis companies. And I listed to a Canadian cannabis fund manager who is putting money to work on the U.S. side of the border.

Both of them had good reasons for what they were doing.

That led me to comment: "The grass is always greener on the other side of the border."

Tuesday, June 13, 2017

Physical ETFs Load Up on Gold and Silver

I have been neglecting this blog, as I have been working quite a lot.

Here is a brief excerpt from a much longer issue I am sending Red-Hot Resource Millionaire subscribers today.

This is an update of the chart I’ve shown you before. It tracks total holdings of the world’s physical gold and silver ETFs. The black line is silver. The blue line is gold.

You can see investors are using ETFs to stock up on gold, even as the paper price goes lower. In fact, it’s gaining momentum. Gold ETFs have added a whopping 24 metric tons so far in June alone! And they’ve added 110 tons so far in 2017.

ETFs started to sell silver last week. But on Friday they changed their minds. Now they’re adding silver, too.

Obviously, someone thinks gold and silver are cheap at recent levels.