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: http://www.howestreet.com/2017/06/13/paper-gold-vs-real-gold/

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."

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.

My Latest Howe Street interview

In my publication, Red-Hot Resource Millionaire, I've been recommending new positions in gold and silver developers, explorers and miners since May 4. 

Yesterday, I talked with the folks at Howe Street Radio. And I explained some of what I'm seeing that is driving metals, energy, and more.

Tune in and listen. Or not: http://www.howestreet.com/2017/05/16/silver-getting-more-attention/

2 Must-See Charts on Physical Gold and Silver

Today, I put out a new issue for my Red-Hot Resource Millionaire subscribers. Along with tooting my own horn over the Integra Gold pick -- and you've got to admit, that was well-timed (we bought it May 4), what with Eldorado Gold acquiring the smaller company -- I also gave subscribers a new silver pick.

Why silver? I gave a bunch of reasons, but let me share two with you.

First, here's a chart I made on a Bloomberg terminal of what's going on in the world's physical silver ETFs. Not just the one in the U.S.

Nice move. NOICE! Yeah, silver is becoming more popular, for reasons I detail in the issue.

Now how does this compare to the action in the world's physical gold ETFs? I'm so glad you asked ...

Sure, ETF holdings of gold are climbing. But proportionally, ETFs are buying a heck of a lot more silver.

Combine this with what I’ve told you about before — that the world has hit peak silver, and there are other production pressures on the metal — and you can see silver could go much higher.

Real Interest Rates at a Tipping Point for Gold

I've written about real interest rates a lot for subscribers. So it was nice to see this post and chart by @WFLONGWAVE on Twitter: "Real interest rates were often negative during the run up to 1900, see picture. They were the fundamental driver for the gold bull market."

That's it for now. Busy with today's afternoon column and getting ready for the launch of Red-Hot Resource Millionaire. You can watch a free webinar with all sorts of juicy, interesting gold and miner facts and charts.

Will Gold find support at $1260 or lower? Chart!

Here's a chart I whipped up on Stockcharts. It shows where I see support for gold.



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You can see that price support at $1,260 lines up closely with the 200-day moving average at $1,258.  So we can expect support there.

But what I would prefer is for gold to pull back to deeper support at its uptrend. That might be a great platform for gold and miners to launch higher.

We'll see how it plays out. Good luck and good trades to you.

Sean

Tune in to Learn the Secrets of Gold

I'll be giving a free webinar next week on gold and miners.

It's going to be good.

But you can't watch it yet. You can SIGN UP for it.

... I invite you to join me for an urgent four-part workshop next week. Click here to reserve your FREE seat now

So do that. And I'll talk to you next week.

Update: The webinar is on! The reviews are good. You can watch it here: www.newgoldbull.com