K.C., je viens de comparer DJIA avec HUI et je te fais part de mes convictions relatives aux perspectives du marché des métaux précieux. J’aimerais en retour de connaître tes impressions.    Je pense que nous nous trouvons actuellement devant une  forte possibilité de départ du marché des aurifères, que les industrielles y participent ou pas, en hausse ou en baisse. Un secteur d’investissement a toujours ses caractéristiques propres et celui des aurifères ne fait pas exception. À mon avis, il est prêt pour le décollage. Je crois que les banksters et le US Treasury ont épuisé la grosse part de leurs capacités de manipulation avec tous les scandales et les poursuites civiles en Amérique et en Europe. Je dirais que l’heure des aurifères est arrivée et que la course vers de nouveaux sommets sera digne d’intérêt.                                                                                              Salut, Raymond  Reponse de K.C.  Mes impressions Ray?  D’accord..je suis avec toi..mais le voyage est long et fatigant…                                                                 ENGLISH  K.C., I just compared the DJIA and HUI and here are my convictions related to the […]

INSIDER SELLING… Last week, we saw what was among the three the largest dollar value totals of “insiders” selling their own personally held shares in the companies where they are employed as officers and directors in over twenty years….. yes, they work there! Again, their stock sales totaled an astounding value of $624,538,529 while dwarfing the total value of buying of $32,305,119…..it is quite a contrast. These sell levels in the past have always been concurrent with the beginning of what led into brutal bear markets. The higher the valuation that the market carries, the more brutal would be a bear market. But why no bear market? At least not yet! The market has been carried and benefited from near artificially low interest rates and central banks’ intervention by buying stocks. More on that soon. Our advice is to continue to take profits and if investing to “insist on value.”  Yes, there are numerous companies that are very undervalued and cheap by many historical gauges.         

Pointe Claire, Quebec, March 8, 2017                                                                                                          We remain almost fully invested in our specific stocks but have said too many times that the stock market based on several significant gauges is wildly overvalued in too many (but not all) publicly traded stocks. We invest when specific stocks have suffered severe declines and by our analysis are severely undervalued. Undeniably, they often decline more before they turn around; but that has always been our method. We leave open limit orders for specific stocks at prices that are below the prices they are trading at. We never are able to buy all the shares we want and zero shares of many companies that never decline to the limit order prices we want to pay, but we do get real bargains. This was a strategy described thirty years ago by the late renowned investor Sir John Templeton. We have expected the market to suffer 20% to 30% corrections over the past three years, each time to be followed by returns to the upside, yet the harsh downsides did not occur. Those normal corrections would have prevented the stock market (and many stocks) from its current extremely high overall valuation which makes […]

A heavy weight is overhanging the stock market, that weight is excessive overvaluation. Investors should pay careful attention to buy recommendations by brokerages, in the print media and on television as there have been far too many so called “experts” suggesting that buying the market can be done with little risk. A bear market will have brutal consequences. The various technical and fundamental gauges listed here would indicate a downside risk of between 28% to 32% which is what occurred when these gauges were at these levels in the past. We have said many times “that odd as it may seem bull markets do not end due to overvaluation. They end with interest rates rising sharply, often with a decline in the money supply or a recession. We have not seen those indications as yet.       But keep in mind that dangerous market tops are usually accompanied by overvaluation and euphoria.” Are we seeing overvaluation and euphoria now? Yes and investors should be taking profits and continue to look for stocks that are undervalued. Again, some profits should continue to be taken off the table….as always. While we usually are near fully invested in what our analysis indicates as undervalued stocks, we see high risk in many popular and highly recommended stocks selling at the high end of their price ranges. Yet, opportunities in stocks offering exceptional capital gains are always present, particularly in the numerous forgotten and overlooked stocks that the brokerage industry does not consider despite the […]

From our  www.Canadianmineanalysis.com  site. There are more than a few mining stocks that we have monitored in the past……some have seen superb moves up in price over the last two to three years and much more upside may be on the way. Some have had large moves up already so be careful, don’t chase. Some have been disappointments…of which we are reminded almost weekly-in French and English! TOP OF THE LINE FOR NOW…..RICHMONT MINES, “RIC” We first noted this at slightly over one dollar Canadian and under one dollar U.S. Saw over 900% move up, with higher gold prices this could be a large mover……was a 900% return, still up 700% plus, CLAUDE RESOURCES (acquired)  We pointed out this at the .30 cents level, we were justified as it was acquired by and now is SILVER STANDARD “SSO” at $13 which has exceptional potential….naturally the need is a silver bullion price rise. Claude was a large percentage return. ALEXCO “AXR” Canada’s largest exclusively silver producer has suffered harsh correction due to the much manipulated silver bullion market to levels that could be a superb opportunity. Now at $2.20 was over $8 in 2011, has solid cash position and large silver resources.   Higher silver prices will have effect. We like this company and its management. We like the weakness to buy OSISKO “OSK” at $2.70, it offers potential and has outstanding management and directors, good properties as well……has a large cash position and excellent properties in Quebec and Ontario. HPQ SILICON […]

MOST IMORTANTLY   We are always looking to be fully invested as we invest when specific stocks have suffered severe declines to prices indicating that they are severely undervalued. Admittedly, they often decline even more before they turn around; but that has always been our strategy. While working in Quebec, I would leave open limit orders in New York for specific stocks at prices that were far below the prices they were trading at when I put in the orders. While I could never buy all the shares we wanted and none of many companies, I would get some superb bargains. This was a strategy described in an interview years ago by the late legendary investor Sir John Templeton. We do see high risk today in many popular heavily recommended stocks. Opportunities for exceptional capital gains are always present but too many stocks have been touted and bought at the high end of their price ranges. Again, many of the best performing stocks are now selling at high valuation levels which usually end sadly. History shows that “paying up” generally leads to disasters.

Canadian investors after having seen the American primaries, the campaigning, the elections and the results, should now realize that the American mainstream media is shamelessly biased and has no credibility whatsoever with a huge percentage of Americans. Any prudent Canadian should take most opinions and views from the American media with a grain of salt. As the American economy has an enormous influence on the Canadian economy, Canadian investors should try to get a good balance from the non-mainstream media sources and the internet. We have no faith in the accuracy or the opinions of the American major media particularly the three major television networks in their reporting (their own interpreting) of news. Classic example: The media elite clowns were calling Hillary the winner up to the final hours based upon their very erroneous and biased polling data which they had obviously concocted. These biased manipulators have demonstrated themselves as duplicitous and devious as well as extremely inaccurate particularly over the last year. Their reporting was so biased at times that it bordered on outrageous.

TAXATION WITHOUT REPRESENTATION is more than just alive and kicking Federal Reserve Board Chairman (I’m of the NOT POLITICALLY CORRECT GENERATION) Janet Yellen, just saddled the American public with a $50,000,000,000.000 (THAT’S FIFTY BILLION DOLLAR$$$$$) new yearly tax for the foreseeable future…. (until she raises interest rates AGAIN)

 The pathetic and laughable American mainstream media has no credibility whatsoever with the vast majority of Americans so we thought we might report on what some of our Canadian friends think of the U.S. media. Very little difference! We are sure that our American readers know well some of our closest neighbors and cousins. Of course you know those polite, kind, quiet, unobtrusive, benevolent, unassuming people just north of New York, Michigan, New Hampshire, North Dakota and a few other states.  Last May, on this site I reported on what a native born Canadian (of many Canadian generations) thought of the American presidential election. He held back nothing in his comments. His view could have come from somebody from Florida or Texas as well as it was in line with actual American opinion. He sees the situation from the Montreal region often from the main-stream American media. Fortunately, he is able to pick up fair news’ views from the internet and networks other than the big three networks. The following are his comments from earlier this year.    

In recent weeks, American politicians and the US media have been suggesting that President-elect Trump be given the benefit of the doubt and that the wisest course is to adopt a wait-and-see posture. After all, he is still selecting his Cabinet and will not officially become President of the United States until inaugurated in January. These gestures are generous, well intended and imply that a pause for the holidays would be in order. However, the real world has not waited to start offering its responses. Portfolio managers and professional investors make asset allocation decisions regularly. Global total return funds can alter their investment mix, shift assets and adjust their currency exposures around the world on a weekly basis.