Billionaire Eric Sprott Warns A “Financial TSUNAMI” is Coming. The question is, will the system be able to stay together, or is it all going to come crashing down on our heads? The only one true protection is gold and silver.
Eric Sprott increased its stake in Seabridge Gold Inc (SA) by 15.71% based on its latest 2016Q4 regulatory filing with the SEC. Sprott Inc bought 49,769 shares as the company’s stock declined 8.47% while stock markets rallied. The hedge fund run by Eric Sprott held 366,489 shares of the basic industries company at the end of 2016Q4, valued at $2.99M, up from 316,720 at the end of the previous reported quarter. Sprott Inc who had been investing in Seabridge Gold Inc for a number of months, seems to be bullish on the $571.42M market cap company. The stock rose 2.49% or $0.25 reaching $10.3 per share. About 371,950 shares traded. Seabridge Gold, Inc. (USA) (NYSE:SA) has declined 18.80% since June 2, 2016 and is downtrending. It has underperformed by 35.50% the S&P500.
Coldstream Capital Management Inc increased its stake in Visa Inc (V) by 789.76% based on its latest 2016Q4 regulatory filing with the SEC. Coldstream Capital Management Inc bought 21,829 shares as the company’s stock rose 5.74% with the market. The hedge fund held 24,593 shares of the business services company at the end of 2016Q4, valued at $1.92M, up from 2,764 at the end of the previous reported quarter. Coldstream Capital Management Inc who had been investing in Visa Inc for a number of months, seems to be bullish on the $221.96B market cap company. The stock rose 0.73% or $0.69 reaching $96.1 per share. About 5.68 million shares traded. Visa Inc (NYSE:V) has risen 20.29% since June 2, 2016 and is uptrending. It has outperformed by 3.59% the S&P500.
More notable recent Seabridge Gold, Inc. (USA) (NYSE:SA) news were published by: Globenewswire.com which released: “Seabridge Gold Confirms Sale of Castle-Blackrock Claims to Columbus Gold” on February 22, 2017, also Globenewswire.com with their article: “New Study Finds Significant Further Gains for Seabridge Gold’s KSM Project” published on October 06, 2016, Streetinsider.com published: “Seabridge Gold, Inc. (SA) Reports Unfortunate Death of Board Member Douglass …” on April 12, 2017. More interesting news about Seabridge Gold, Inc. (USA) (NYSE:SA) were released by: Seekingalpha.com and their article: “Why Seabridge Gold Won’t Be Producing Anytime Soon” published on June 07, 2016 as well as Seekingalpha.com‘s news article titled: “Seabridge Gold: Deep Kerr Falls Short” with publication date: October 18, 2016.
Sprott Inc, which manages about $3.27 billion and $1.17 billion US Long portfolio, decreased its stake in New Gold Inc Cda (NYSEMKT:NGD) by 1.58 million shares to 31,750 shares, valued at $111,000 in 2016Q4, according to the filing. It also reduced its holding in Tahoe Res Inc (NYSE:TAHO) by 446,594 shares in the quarter, leaving it with 1.05 million shares, and cut its stake in Apple Inc (NASDAQ:AAPL).
Coldstream Capital Management Inc, which manages about $1.42B and $614.55 million US Long portfolio, decreased its stake in Vanguard Index Fds (VB) by 9,008 shares to 65,121 shares, valued at $8.40 million in 2016Q4, according to the filing. It also reduced its holding in Vanguard Index Fds (VNQ) by 109,070 shares in the quarter, leaving it with 79,648 shares, and cut its stake in Ishares Tr (MUB).
Investors sentiment increased to 1.05 in 2016 Q4. Its up 0.12, from 0.93 in 2016Q3. It is positive, as 86 investors sold V shares while 540 reduced holdings. 132 funds opened positions while 525 raised stakes. 1.69 billion shares or 1.50% more from 1.66 billion shares in 2016Q3 were reported. Veritable Lp has 70,667 shares. Florida-based Raymond James Svcs Advsrs Inc has invested 0.34% in Visa Inc (NYSE:V). Psagot Investment House Limited reported 8,572 shares or 0.03% of all its holdings. Harvey Inv Co Limited Liability Company holds 0.04% in Visa Inc (NYSE:V) or 2,666 shares. Aristotle Capital Mgmt Ltd Limited Liability Company reported 2,700 shares or 0% of all its holdings. Charter Tru Com holds 0.16% or 18,744 shares. Freestone Capital Ltd Liability Corporation has invested 0% of its portfolio in Visa Inc (NYSE:V). 421,609 were reported by Waters Parkerson & Limited Liability. Lateef Invest Mngmt Lp, California-based fund reported 1.05 million shares. Ww Investors invested in 33.33M shares. Credit Agricole S A invested in 1.78M shares or 0.45% of the stock. Svcs Automobile Association, a Texas-based fund reported 3.30 million shares. 6.37M are owned by Allianz Asset Mgmt Ag. Strs Ohio holds 0.88% or 2.56M shares. Oregon Public Employees Retirement Fund, a Oregon-based fund reported 441,399 shares.
Among 23 analysts covering Visa Inc. (NYSE:V), 18 have Buy rating, 0 Sell and 5 Hold. Therefore 78% are positive. Visa Inc. had 44 analyst reports since July 21, 2015 according to SRatingsIntel. JP Morgan maintained the stock with “Overweight” rating in Friday, August 14 report. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, February 3. S&P Research downgraded the shares of V in report on Tuesday, July 28 to “Hold” rating. The stock of Visa Inc (NYSE:V) has “Hold” rating given on Tuesday, September 1 by Vetr. The company was maintained on Tuesday, October 25 by UBS. The firm has “Mkt Perform” rating by FBR Capital given on Friday, July 24. The firm has “Outperform” rating given on Tuesday, November 3 by RBC Capital Markets. The stock of Visa Inc (NYSE:V) earned “Outperform” rating by RBC Capital Markets on Friday, July 24. The stock has “Buy” rating by Sterne Agee CRT on Thursday, December 17. The stock of Visa Inc (NYSE:V) has “Outperform” rating given on Thursday, October 22 by Wells Fargo.
More notable recent Visa Inc (NYSE:V) news were published by: Seekingalpha.com which released: “Visa Is The Exception To The Rule” on May 29, 2017, also Seekingalpha.com with their article: “Visa: This Payments Powerhouse Is Not Done Yet” published on May 29, 2017, Seekingalpha.com published: “Warren Buffett Stocks In Focus: Visa” on May 31, 2017. More interesting news about Visa Inc (NYSE:V) were released by: Zacks.com and their article: “Are Options Traders Betting on a Big Move in Visa Inc. (V) Stock?” published on June 02, 2017 as well as Nasdaq.com‘s news article titled: “Visa Inc. (V) Ex-Dividend Date Scheduled for May 17, 2017” with publication date: May 16, 2017.
Since February 6, 2017, it had 0 insider buys, and 2 selling transactions for $11.71 million activity. On Monday, February 6 the insider HOFFMEISTER JAMES H sold $957,390.
Toronto-based Goldmoney, a gold-based payments and savings platform that allows users to acquire, store, and spend gold that is stored in a secure vault, has announced a partnership with Isle of Man, United Kingdom-based investment company LBT Holdings. Goldmoney is also making an undisclosed private investment into the company.
“We are delighted to invest in this early stage, and potentially revolutionary, peer-to-peer lending model and provide our precious metal infrastructure to LBT clients.”
LBT Holdings is the parent company of the Lend & Borrow Trust Company (LBT), an online platform that offers auction-rate peer-to-peer lending and borrowing.
Through the partnership, eligible Goldmoney clients with Full Holdings will be able to access LBT auction rates and earn interest income from loans fully secured by precious metal collateral. Borrowers will be able to monetize their precious metal holdings in their choice of five national currencies.
Goldmoney said the investment will give it the ability to nominate a board member and provide metal dealings and storage solutions to LBT’s clients. The company also said that clients with a Goldmoney Holding, which consist of UK residents and businesses, may gain access to LBT’s auction rates and earn interest income from secured loans.
“It’s a small balance sheet investment,” said Josh Crumb, chief strategy officer and CFO at Goldmoney. “We have a meaningful enough stake, and good partners that we can scale up with later. It’s the kind of deal we want to do at this stage in our business, one that helps us grow our core ecosystem without taking on a lot of the early stage risk.”
Goldmoney’s investment into LBTH includes common shareholders Eric Sprott, and James Turk, lead director and chairman at LBT. The company says that LBT’s offerings will first be available to businesses and UK residents at roll out, and other countries will be added over time.
“Goldmoney was founded on a mission to provide clients with unparalleled access to precious metals ownership with minimized counterparty risk,” said Roy Sebag, CEO of Goldmoney. “LBT has a similar goal of providing clients with an alternative for their national currency savings. LBT currency deposits have no banking counterparty risk, a revolutionary idea and one I believe many clients seek in the prevailing artificially-low interest rate environment known as return-free risk. We are delighted to invest in this early stage, and potentially revolutionary, peer-to-peer lending model and provide our precious metal infrastructure to LBT clients.”
Now having lots of acreage doesn’t necessarily mean it’s all ripe with nuggets of gold just waiting to be picked up, but in Kerr Mines (TSX: KER) (OTC: KERMF)’s case, its damn near that rich – and WAY UNDERVALUED in share price, which we’ll explain further on.
The [property] is fully-permitted with extensive infrastructure in place, meaning Kerr Mines has a 450 ton-per-day mill already onsite and the tunnels going down to the high-grade gold ore are already there.
Now to its ore bodies.
There are 942,000 ton of Measured and Indicated gold ore with a grade of 10.3 grams per ton. That’s some high-grade gold!!! On the Inferred side, there are another 335,000 ton with a grade of 12.2 grams per ton. That’s in the soon-to-be further explored “South Zone”, which has GREAT POTENTIAL TO EXTEND THAT ORE BODY. But in the Proven and Probably category, Kerr Mines (TSX: KER) (OTC: KERMF) has 910,000 ton with an average grade of 8.8 grams per ton. So, what does that spell? MONEY, BABY…. MONEY!!. Now you can see why the great Eric Sprott got his checkbook out and bought into the project.
There are many factors that determine the value of a mine. The grade of gold is obviously first in determining an investment into a gold stock like Kerr Mines. But with such HIGH GRADES of gold, from Proven, Measured and Indicated to Inferred, the numbers are OFF THE CHARTS.
So, is Kerr Mines a takeover target? Perhaps, but not from the likes of the majors, like Barrick Gold (NYSE: ABX), Newmont (NYSE: NEM), or GoldCorp (NYSE: GG). Why? Too small… but with Kerr permitted with a mill in place and the tunnels opened up to access the three zones previous not mined and the heavy hit Kerr Mines (TSX: KER) (OTC:KERMF) discovered in the South Zone, its most likely going to be in production next year. In fact, the feasibility study needed to go into production is expected in the fourth quarter of this year. So that tells us that Kerr Mines intends to go into production.
The demand for junior precious metals mining company stocks is soaring, and as a result VanEck's GDXJ is being forced by stringent regulations into rebalancing - forced selling to reduce positions that have become too large, which is creating tremendous opportunities.
As Eric Sprott says, "There's too much interest. Isn't the the funny thing? There's so much interest that the stocks are going down! It's the most ironic situation that we've ever been in, but there will just be new vehicles created. " Keith Neumeyer & Eric Sprott join me to discuss this, the precious metals manipulation, the problems at the LBMA and much more. Thanks for tuning in.