Often wrong, never in doubt. – Bill Fleckenstein

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Fleck's Thoughts

Ask Fleck

Q: Which of the miners you follow do you think are possible takeover candidates? I suspect that Wesdome in particular is ripe for the plucking, although it would likely be quite hostile. Do you think there's a chance? Thanks!

Q: Well, Bill, it seems like maybe the change you've been discussing for years(!) is upon us. I'm about to find out how well prepared I am, but I thank you for the advice (charter subscriber).

And it would figure this happens a week you are traveling. It's a very strange type of karma.

Best wishes and thanks for being a voice of sanity.

Q: Hi Bill,

That last Mr Skins post was very informative. Thanks for that.

Have it changed your views on the medium term outlook of the markets as even the pay to play crowd are beginning to sense danger? Or is it just a piece of info to add to the collection and you are relying on your own technical analysis on getting the time of the inevitable correction.

Q: Hello Bill - no questions, just some comments:

To humbly add to Mr. Skin’s observations about monitoring market segments to assess the overall health of the market/economy, I thought the following information may also prove useful in assessing the “health” of the global markets. During May and June 2018, the 50-day moving averages for EWJ (Japan), FXI (China), EZU (Eurozone), EEM (emerging markets – though mostly Chinese stocks), DBA (agriculture) and DBB (base metals) all crossed under their 200 day moving averages and are in strong downtrends. Meanwhile, XBI (biotechnology), SMH (semiconductors) and XLF (financials) are testing the bottoms of year-long sideways patterns, while EWT (Taiwan) just broke down out of a similar sideways channel.

I keep pondering; can the major U.S. markets really support the entire planet? I have to admit, for such a “great” economy that is “destined” for inflation, the destruction of DBA and DBB have left me bewildered. According to those two, we should be in a depression and awaiting a dustbowl in the mid-west; however, they do appear to be bottoming. I also cannot fathom why the financial stocks are doing so poorly in a rising rate environment too; unless the smart money is expecting something the masses have entirely missed (mirroring Mr. Skin’s earlier comments). Several of the energy companies (COP, MRO, CEO, EOG, etc.) also staged “breakouts” in September, but they failed in the current market “correction” despite rising oil prices. All is not well in “newbie-land.” I just hope for all of us, the dollar keeps rolling over, and the gold shorts get squeezed until they hurt, and perhaps someday, sanity returns and logic is actually applicable, not a major hindrance. Until then, thanks to both you and Mr. Skin.

Q: Mr. Skin's contribution to the 10/11 Ask Fleck was absolutely fascinating. I think he pegged the current markets perfectly. Guess we'll see.

Q: Hi Fleck,

Welcome back! Is it possible for you to give us some of the highlights of the Grant's Conference, in particular Stan Druckenmiller's talk. Thanks!

Q: Fleck, is Mr Skin Stan Druckenmiller?? :)

Q: Sorry Bill I used the search but I cannot find a full list of the precious metals stocks you currently hold and/or intend to hold. Please provide.


Q: Bill:

I'm reading that B2Gold is interested in Barrick's African assets. I know that they are already in Namibia but wonder if this increases the old issue of "jurisdiction risk"?

Thanks for all you do -

Q: Do you agree with this interpretation of Fed behavior:

"In years past, a correction of this magnitude (-7.8% in S&P) would have immediately pushed back rate hike expectations. Did not happen in Jan-Feb correction and not happening here."
--Charlie Bilello

Q: Love the quote from Ramp Capital. Can you please forward the contact info i'd like for them manage my money.