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The Calandra Report: Something Big Afoot In Life Of Brien

Thom Calandra, www.thomcalandra.com

5 Comments| July 16, 2014

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July 16, 2014

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This from Brien Lundin at Gold Newsletter. He says something "big is afoot."

Mr. Lundin (pronounced like the city) is organizer of The New Orleans Investment Conference, which stages itself each autumn -- this year in October, Plenty of rich investors, and circumspect speakers, actionable exhibitors [witness Ivan Bebek's Cayden Resources (TSX:V.CYD, Stock Forum), for one; it's making dough-ray-for-me for our TCR family -- CYD in Canada].

The Brien Lundin Gold letter has a large audience and tracks both the metals and the metals equities. The conference, well, that is in Year 40.

Brien also publishes alerts. He has been willing to forecast gold warnings to his audience. 'Warnink, everybody to get from Street, warn-ink!'

That kind of stuff, with anecdotal, fundamental and technical support. Not many gold enthusiasts are willing to clear the decks. [That includes TCR. I am not very good on the 'short side.']

Brien, young 50s, I believe, is a percentage-win timer with a longtime bias in favor of gold. He also knows how to use technical support to his trading advantage.

This time, Mr. Lundin has some information for us that bodes well for the metal.

Thus, he tells me today | Thursday from New Orleans-area HQ:

Interestingly, the India announcement (maintaining its gold-import tariffs) came on a day that gold popped $20 higher. In other words, it was just one of a few excuses two sessions later to trash gold. No one dumped 80 tonnes of metal in 11 minutes of cumulative trading time because India declined, for the time being, to push to lower its tariff.

My take is that it took (according to ZeroHedge) $1.37 billion in gold futures dumping on Monday to send gold down $32, and yesterday it took dumping of $2.3 billion in gold futures (again, according to ZeroHedge) to send gold down just $12. And today, we’re up nicely.

In other words, whoever tried to trash gold earlier in the week, nice try — but now we’re back on track. Chinese gold demand is not as high as last year’s record levels, but is still about double what the mainstream financial media is reporting and at levels that would be record-setting in any other year. In the face of this surprisingly consistent buying these types of bear attacks are ultimately ineffectual.

I’ve also been reporting on the technical picture for gold, wherein buy signals were recently given in every major indicator that we track (largely through the great work of TheChartStore.com). Most importantly, it looks like we’ve put in a triple bottom. There is something very big afoot.

This morning, Dennis Gartman also made another good point: Gold’s failure to go lower on this latest dip marks the third higher low in succession. This is not a market that seems ready to go lower.

That is all Brien Lundin.

?Not much to add there.

On the resources equities, our TCR takeaway is this: If you believe this week is a purchase window for gold, silver, platinum, your best bets for instant action are: 1. NUGT/JNUG -- the 3x gold equities derivatives -- I own a bunch long-term; 2. Platinum Group Metals (TSX:PTM, Stock Forum) -- poised for a breakout on fundamental and technical points; and 3. way on the speculative sides of our audience equation: NuLegacy Gold (TSX:V.NUG, Stock Forum) -- Nevada operator that just staged its properties for a tour this week; Bitterroot Resources (TSX:V.BTT, Stock Forum) as we await Michigan platinum-metals assays that are make or break for the tiny prospector; and any silver producer torqued for growth, including Mexico operators Endeavour Silver (TSX:EDR, Stock Forum) and Great Panther Silver (TSX:GPR, Stock Forum), both Guanajuato and Durango down south.

SYSOREX GLOBAL: Something looks afoot here, too -- and this is not gold, but computer systems integration. Please see earleir TCR coverage of the California company -- Sysorex Global Holdings traded on NASDAQ proper as SYRX. If sales continue to snowball this (northern hemisphere) summer with its various corporate purchases, including mobile big data wizard Air Patrol, the $4 shares easily can justify a $12 to $15 level USD.

Harvested: Excellent blackberry season here on Tiburon peninsula. Even bushes next to the freeway are yielding a bounty. These pictured here took three of us, two members of TCR family and moi, a mere 15 minutes last evening to pick. This morning, my dental hygienist said, 'Eating blueberries this morning?' I replied, 'My dear, blackberries are blue, and they're free.'