Weekend Show – Sat 23 Jan, 2016

Trends in the Markets – Hour 2

Hour 2: 

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Featuring:
Al KorelinCory FleckGlen DownsChris TempleDavid MorganChris Vermeulen

Comments:
  1. On January 23, 2016 at 2:08 am,
    Bob UK says:

    A 40% to 60% drop in the S&P 500 – Wow! That is the biggest drop that I have heard anyone forecast for 2016.

    • On January 23, 2016 at 2:34 am,
      Bob UK says:

      Cory, you forgot to to talk about oil with the gold and oil guy?

      That is like talking with Colonel Sanders about quantum mechanics and not asking him about his secret receipe!

      🙂

      Great show again folks. Have enjoyed listening to it this morning. Replayed a few segements several times.

      • On January 23, 2016 at 10:00 am,
        Excelsior says:

        Funny Colonel Sanders analogy.

      • On January 23, 2016 at 12:22 pm,
        Bonzo Barzini says:

        Does Col. Sanders prefer gold, silver, or oil?

        • On January 23, 2016 at 7:51 pm,
          Excelsior says:

          Oil.

          KFC products are fried in oil which may contain the following: Canola Oil and Hydrogenated Soybean Oil with TBHQ and Citric Acid Added To Protect Flavor, Dimethylpolysiloxane, an Antifoaming Agent Added OR Low Linolenic Soybean Oil, TBHQ and Citric Acid Added To Protect Flavor, Dimethylpolysiloxane, an Antifoaming Agent Added.

          • On January 24, 2016 at 2:01 am,
            Bob UK says:

            Sounds tasty. Antifoaming agent lickin’ good.

          • On January 24, 2016 at 3:37 am,
            Excelsior says:

            Yum!

          • On January 24, 2016 at 8:54 am,
            Big Al says:

            I personally ha not eaten there for over twenty years.

          • On January 24, 2016 at 12:57 pm,
            Excelsior says:

            It’s been about that long for me too Big Al. Nasty business.

          • On January 24, 2016 at 5:10 pm,
            Rand says:

            In a moment of desperate hunger, I once picked up a KFC Snack Pack. Couldn’t finish it, so through it in the dumpster. So a stray dog pick it up out of the dumpster and ate it. As soon as it finished, it licked it’s behind. I suppose it wanted to get the taste out of his mouth.

          • On January 24, 2016 at 10:27 pm,
            Excelsior says:

            Funny Rand. That about sums it up. From a bad idea, to trash, to dogfood, to and after dinner mint.

          • On January 24, 2016 at 10:28 pm,
            Excelsior says:

            “an” not and

    • On January 23, 2016 at 8:39 am,
      al korelin says:

      We shall see if it actually pans out, Bob.

      • On January 24, 2016 at 2:03 am,
        Bob UK says:

        Good point Al.

    • On January 24, 2016 at 6:26 am,
      CFS says:

      Hillary has hitherto managed to suppress the appointment of any special prosecutor for her case.
      The FBI, even if they decide to indict, can’t. Any indictment HAS to come from the justice department, which is totally controlled by the devil incarnate and his minions. So it is all in the Big Zero’s hands.

      • On January 24, 2016 at 6:29 am,
        CFS says:

        “The country was not in all that bad shape” until Bill Clinton, says Big Al.

        That was only because Newt Gingrich and the Republican Party, at that time, had a spine and stood up against the serial rapist on all matters financial.

        • On January 24, 2016 at 8:58 am,
          Big Al says:

          Certainly not as compared to today, Professor.

      • On January 24, 2016 at 8:56 am,
        Big Al says:

        I read this morning that predictions currently are that she will face indictment. Some folks are just above the law.

  2. On January 23, 2016 at 3:25 am,
    Andrew de Berry (Rev) says:

    Really like David Morgan’s approach to streaming. Much as SW and Sandstorm can be cash-cows when the metals go up, a pro rata return instead of a fixed one to the miners strikes me as both fairer and more ethical.

    • On January 23, 2016 at 8:40 am,
      al korelin says:

      I agree, Andrew.

    • On January 23, 2016 at 10:19 am,
      Excelsior says:

      I think it is an interesting business model to have an adjustable rate streaming deal versus the fixed rate streaming. However, there is nothing unethical about the other streamers like Silver Wheaton, Sandstorm, Franco Nevada, Royal Gold, or Osisko.

      The miners aren’t going to get any government bailouts if they fail, and they are leveraged up in debt already and have diluted the snot out of shareholders already by issuing more and more shares. The miners have 3 choices to survive:

      1) Sell an resource asset, mine, or land
      2) Dillute shareholder by raising money in an extremely depressed pricing environment
      3) Make a streaming deal where the streamers give them the cash injection for some of their assets in the ground

      Nothing unethical about it. It is survival, and it is a very fair offer for these miners that would otherwise go out of business completely and fire everyone, or be forced to sell ALL of their asset not just part of it.

      Here is a good clip of the CEO from Sandstorm Gold putting Rob McEwen in his place regarding his objection to streaming in November. I really like Nolan Watson:

      Sandstorm Gold defends streaming – Tue, Nov 3, 2015 – Nolan Watson
      http://www.bnn.ca/Video/player.aspx?vid=741471

      • On January 23, 2016 at 12:00 pm,
        Big Al says:

        Thanks Excelsior,

        Of course it just a form of raising money ethically.

        • On January 23, 2016 at 12:40 pm,
          Excelsior says:

          Agreed. My point was that the other streamers with fixed models are still running solid and ethical business models, and that David Morgan’s idea isn’t MORE ethical, but it is actually a much BETTER offer to the mining company.

          Really, it makes sense to do it that way, if that is an option, but the streaming companies should offer both, and request a lower starting rate per ounce if it is going to be adjustable. It would mirror life insurance then. If you want a fixed (Term) policy you pay less for it than if you want a permanent policy that adjusts up in cash value over time (Universal or Whole Life). I could see David’s idea become a very viable second option for streaming deals moving forward. If you want a Fixed streaming deal the ounces start here at $XXX, but if you want an Adjustable streaming deal then the ounces start here at $XXX-20%.

          The other concept that is being discussed in the streaming community is whether the streaming deal should be “Life of Mine” or for a “Set Period”. Randy Smallwood, the CEO at Silver Wheaton recently defended the “Life of Mine” rationale, due to all the risks of the mining companies keeping their word or keeping things on track in their projected timeline.

          Check out starting at 5:30 on this video. Randy makes some great points.

          http://www.bnn.ca/Video/player.aspx?vid=792760

          • On January 23, 2016 at 12:55 pm,
            Big Al says:

            Thanks for the link Excelsior

          • On January 23, 2016 at 5:20 pm,
            Chartster says:

            Excelsior,
            Great points and I agree with most. I say “most” because of my lack of DD. But you bring up a very valid subject worth delving into much deeper. Thanks

          • On January 23, 2016 at 8:12 pm,
            Excelsior says:

            Thanks Chartster. I think the Streaming model went from novelty, to a good option for a few companies, to a proven solution for raising much needed cash when nobody else would lend to miners, to hated because it is working so dang well and other people wish they’d have thought of the idea.

            Then for investors holding stock in the companies that are doing streaming deals, they are getting upset because it is eating into the future profit margins. However, those same streaming haters neglect to offer any real alternative solutions for the companies keeping their lights on in an environment where raising capital has screeched to a halt, and the only other options are very dilutive stock issues or it means selling the whole asset or whole company for pennies, in lieu of bankruptcy.

            I posted a list of the companies Sandstorm had streaming deals with earlier in the week and they are good companies, but companies with too much debt. They wouldn’t be doing streaming deals if there was another option. Some of the streaming deals are becoming more creative with expensive “out clauses” or this new idea of adjustable rate streaming.

            ** On a side note, and somewhat related idea in the Oil Patch…..check out PrairieSky Royalty. They collect royalties from petroleum and natural gas production on their vast fee-simple and gross overriding royalty lands, at relatively low risk and cost, and distributes a majority of its free cash flow to shareholders in the form of dividends.

          • On January 24, 2016 at 10:23 am,
            Excelsior says:

            Rick Rule weighs in on Streaming deals and sees it as being either a big help or a hindrance for the mining company depending on their situation and the terms of the deal. I agree from the mining companies standpoint, but the point that Randy Smallwood made up above, is that the streaming deals are not without risk to the streaming company either. It is definitely a 2 way street.

            Here is the interview with Rick….
            ________________________________________________________________________

            Sprott Monthly Market Update with Rick Rule: Uranium, Gold and Silver
            Jan 24, 2016 – By Collin Kettell- Palisade Radio

            http://palisaderadio.com/palisade-sprott-monthly-market-update-with-rick-rule-uranium-gold-and-silver/

  3. On January 23, 2016 at 6:53 am,
    Frank from moscow CCF says:

    SEG 8….if you have a new guest…..give us his profile……..thanks………..

    • On January 23, 2016 at 8:41 am,
      al korelin says:

      Point well taken, Frank

  4. On January 23, 2016 at 7:22 am,
    Ebolan says:

    RE: Shillary Indicted

    Never happen.

    Chillary is the chosen one for the Demonrats.

    Foreign gooberments, banksters, the MIC and all sorts of other criminals have given her and Bill through their “foundation” hundreds of millions.

    They got too much invested in her for her to get indicted now.

    Same goes for Jebby. The PTB will make sure Trump implodes.

    Then the Amerikan sheeple will do as they are told and elect one of the members of the Clinton or Bush Crime Families.

    • On January 23, 2016 at 7:27 am,
      Frank from moscow CCF says:

      Until the people…..decide they have had enough , you are correct….nothing new here…………………same old ,same old. The only way is an NEW PARTY, or another party beside the TWO HEADED SNAKE.

      • On January 23, 2016 at 7:29 am,
        Frank from moscow CCF says:

        Trump is just there to help out the republican party………….still an insider.

        • On January 23, 2016 at 8:06 am,
          Frank from moscow CCF says:

          You are 100% correct on….”the govt. is not here to represent us”

          • On January 23, 2016 at 8:07 am,
            Frank from moscow CCF says:

            sorry, post out of place………Ebolan, this is directed to you…………Jer the long

      • On January 23, 2016 at 7:40 am,
        Ebolan says:

        I dunno….Jerry….er…Frank. All this talk about the people getting fed up and changing things is not gonna happen…especially through voting…JMHO…sorry.

        We need to understand that gooberment is not there to represent us at all. We are here to serve our gooberment masters, period. We are tax livestock and should never forget this.

        The Story of Your Enslavement
        https://www.youtube.com/watch?v=Xbp6umQT58A

        The Truth About Voting
        https://www.youtube.com/watch?v=igbBItLemsM

      • On January 23, 2016 at 7:41 am,
        Ebolan says:

        I dunno….Jerry….er…Frank. All this talk about the people getting fed up and changing things is not gonna happen…especially through voting…JMHO…sorry.

        We need to understand that gooberment is not there to represent us at all. We are here to serve our gooberment masters, period. We are tax livestock and should never forget this.

        The Story of Your Enslavement
        https://www.youtube.com/watch?v=Xbp6umQT58A

        • On January 23, 2016 at 7:41 am,
          Ebolan says:
          • On January 23, 2016 at 8:28 am,
            Frank from moscow CCF says:

            GOOD ONE……………………..”.keep the f..*ing candy” ….

          • On January 23, 2016 at 10:24 am,
            Ebolan says:

            Here’s another good one.

            https://www.youtube.com/watch?v=1oGMEEE11Lc

          • On January 23, 2016 at 11:57 am,
            Big Al says:

            Thanks Eddie

          • On January 23, 2016 at 11:22 am,
            Frank from moscow CCF says:

            good summary at about 15:00 mark………..always enjoy how stupid we became…ootb

          • On January 24, 2016 at 10:22 am,
            Matthew says:

            This guy is right, you can’t spread virtue and morality with unvirtuous and immoral actions.

            But the masses don’t give a you know what about such things and never will.

        • On January 23, 2016 at 8:22 am,
          Frank from moscow CCF says:

          Interesting fact or not…………..only 30% of the people vote, …..just heard that yesterday,( but, can not verify)…….and why should anyone vote for a bunch of candidates from the same crap house……
          I think is it is interesting, that Rand Paul goes to KENTUCKY for a senate seat, from a state he never lived in for more than long enough to qualify for an election, , much like Hillery in New York………Career politicians that have nothing in mind but, self enrichment…Not to mention that Kentucky is now awash in corruption and theft of the state pension funds. Just darn funny.

          • On January 23, 2016 at 12:45 pm,
            bb says:

            Al, absolutely no offence intended.
            Freedom of religion and thought and all.
            Im sure faith can be different things to different people.

          • On January 23, 2016 at 2:17 pm,
            Frank from moscow CCF says:

            bb……I take no offense………just hope that you are saved at the bell……….best.

        • On January 23, 2016 at 8:49 am,
          Frank from moscow CCF says:

          Ebolan………after listening to the tape……..I hear what you are saying…, I have been talking about this same issues, since CARTER , ……the facts are available for all to see. Wide awake now………

          • On January 23, 2016 at 10:00 am,
            Ebolan says:

            If we understand that those in charge and their minions are not here to serve us but we are here to serve them then maybe we can have some slight peace of mind or at least not be driven insane over their corruption, theft, violence and all their other outrages that we can do nothing about.

          • On January 23, 2016 at 10:29 am,
            bb says:

            Frank, Ebolan, you guys are right.
            Trump and Sanders I think are the perfect guys to give people “hope” and Carson for the Christians of course.
            TPTB are masters at the game.
            The elections are and have been absolutely meaningless other than informing TPTB how many “suckers” they still have believing.

            No offence here Al, but your an excellent example, educated,free will thinker, investor type so supposedly better informed than most and you have faith.
            That “faith” is allowing them to enslave us, why would they push it otherwise?

            Obama, as well as the Patriot act,nadaa has now signed a bill allowing the government to “employ” anyone deemed neccassary WITHOUT Compensation. aaaaaa, guys, that used to be called slavery. (sgtreport today)

            Step by step, I do believe I mentioned that some years ago now.
            I predict, the “bad guys” win, altho their “winning” could see them living in their bunkers for years, but people are focused on too many meaningless things to see clearly.
            Heck, Hawkings has said we need to move to another planet now if we want to ensure the survival of our species. lol

            He discounts the aliens of course, foolish mortal he is. lol

          • On January 23, 2016 at 11:55 am,
            Big Al says:

            BB,

            Faith can be construed as a bit of a defens mechanism. It can also be construed as your deepest hope.

            I personally do not construe it as stupidity or giving up.

          • On January 23, 2016 at 10:36 am,
            Excelsior says:

            Very good points from Ebolan, FFM CCF, and BB.

          • On January 23, 2016 at 11:24 am,
            Frank from moscow CCF says:

            bb……Carson is 1/2 truths….

          • On January 23, 2016 at 11:27 am,
            Frank from moscow CCF says:

            good points….Ebolan….and bb…………….cheers………

          • On January 23, 2016 at 12:46 pm,
            bb says:

            Al, absolutely no offence intended.
            Freedom of religion and thought and all.
            Im sure faith can be different things to different people.

    • On January 23, 2016 at 8:42 am,
      al korelin says:

      I don’t happen to agree Eddie and I hope I am right. NOTICE I said hope!

      • On January 23, 2016 at 10:01 am,
        Ebolan says:

        I highly recommend you watch the two videos if you get a chance and then tell us what you disagree with.

        • On January 23, 2016 at 10:51 am,
          Frank from moscow CCF says:

          ditto…E………otherwise a lost ball in high weeds……

          • On January 23, 2016 at 11:49 am,
            Big Al says:

            Now you are talking my game!

        • On January 23, 2016 at 12:03 pm,
          Big Al says:

          Okay Eddie, I wil.

    • On January 23, 2016 at 12:16 pm,
      Big Al says:

      Not convinced it will work for Hilary, Brian.

  5. On January 23, 2016 at 8:20 am,
    Andrew de Berry (Rev) says:
    • On January 23, 2016 at 9:44 am,
      Excelsior says:

      bummer.

  6. On January 23, 2016 at 9:01 am,
    Markedtofuture says:

    Who is Morgan Stanley and Why Its $31 Trillion in Derivatives Should Concern You

    According to a report from one of the regulators of national banks, the Office of the Comptroller of the Currency, as of September 30, 2015, insured U.S. commercial banks and savings associations had exposure to $192.2 trillion notional (face amount) of derivatives. (Yes, that’s trillion with a “t”.) The report goes on to terrify with the revelation that only four banks hold 90.8 percent of all derivatives: Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America.

    http://wallstreetonparade.com/2016/01/who-is-morgan-stanley-and-why-its-31-trillion-in-derivatives-should-concern-you/

    • On January 23, 2016 at 9:04 am,
      Frank from moscow CCF says:

      Been taking about this issue for at least 4 yrs…………always a good reminder….

      • On January 23, 2016 at 9:10 am,
        Frank from moscow CCF says:

        More than meets the eye……….the US TREASURY …has some accounting problems.

        • On January 23, 2016 at 9:27 am,
          Excelsior says:

          “more than meets the eye” is a slogan from the children’s cartoon show The Transformers. The bad robots are called the “Decepticons.” Maybe that is a good name to adopt for the Bankers and Central Planners.

          http://www.idwpublishing.com/product/transformers-more-than-meets-the-eye-45/

          • On January 23, 2016 at 11:32 am,
            Frank from moscow CCF says:

            I SAY we give them ……….The booty…….

          • On January 23, 2016 at 12:56 pm,
            Excelsior says:

            Agreed. No need. Take Heed. With Speed. More Feed. More Mead.

          • On January 23, 2016 at 1:10 pm,
            Big Al says:

            As much as I like wine, I am not a big Mead fan.

          • On January 23, 2016 at 1:19 pm,
            Excelsior says:

            I like red wine better as well. But in a tight spot or when hanging out with my viking friends, Mead will work. I’ve also tried a range of homemade mead concoctions that my buddies have made, as well as out at restaurants, beer festivals, and purchasing in stores. My conclusion is that they differ in taste from too sweet to very bitter, from tart to spicey, and from more wine-like, to more beer-like depending whether hops or malts are included in the fermentation process.

            “Mead (/ˈmiːd/; archaic and dialectal “medd”; from Old English “meodu”,[1]) is an alcoholic beverage created by fermenting honey with water, sometimes with various fruit, spices, grains, or hops.[2][3][4] (Hops act as a preservative and produce a bitter, beer-like flavor.) The alcoholic content of mead may range from about 8% ABV[5] to more than 20%. The defining characteristic of mead is that the majority of the beverage’s fermentable sugar is derived from honey.[6] It may be still, carbonated, or naturally sparkling; and it may be dry, semi-sweet, or sweet.[7]”

          • On January 23, 2016 at 2:09 pm,
            Frank from moscow CCF says:

            TENN Vols……………..do not drink wine……moonshine only……

          • On January 23, 2016 at 8:15 pm,
            Excelsior says:

            I’m not originally from TN so I drink both. 🙂

    • On January 23, 2016 at 12:24 pm,
      Chartster says:

      Markedtofuture,

      Very interesting article! Now add this to the equation. The Saudi’s own a large stake in GS and Citi. Both companies are loaded with derivative exposure. And now put the private unaccounted for and untold Treasury holding in the mix. Goldman and Citi might be in a bit of a pickle..

      http://www.bloomberg.com/news/articles/2016-01-22/u-s-is-hiding-treasury-bond-data-that-s-suddenly-become-crucial

      • On January 23, 2016 at 2:00 pm,
        Markedtofuture says:

        Chartster…that is one HUGE pickle. Bad banks,bail-ins, negative interest rates and the elimination of currency is the big plan?

        Next we will find out the Swiss are training refugees as snipers.

        Sweden: State-funded Muslim “Sniper” Training

        The Swedish state is funding a “sniper” training course for recently-arrived Third World “refugees” as part of their “integration program”—despite the ever-growing refugee-terrorist attacks across Europe.

        http://newobserveronline.com/sweden-state-funded-muslim-sniper-training/

      • On January 24, 2016 at 5:48 pm,
        John K says:

        Nice find Chartster.

  7. On January 23, 2016 at 9:16 am,
    Matthew says:

    Re: Segment 8

    Based on his free material, I have had a positive opinion of Chris Vermeulen for years and this interview only reinforces it. I think his current reading of things is dead-on.

    • On January 23, 2016 at 9:18 am,
      Frank from moscow CCF says:

      How long have you been listing to him? thanks………..j

      • On January 23, 2016 at 9:44 am,
        Matthew says:

        I’m guessing, but I think 7 or more.

        • On January 23, 2016 at 10:52 am,
          Frank from moscow CCF says:

          thanks…………

    • On January 23, 2016 at 9:23 am,
      Excelsior says:

      I’ve been reading Chris Vermeulen’s thoughts for years and think he is generally on point.

      • On January 23, 2016 at 10:19 am,
        RICHARD (DOC) says:

        The only thing I would disagree on with Chris is his time frame in the markets moving down. He thinks we may see a significant sudden acceleration to the bottom. I would say that the move down will take 2-3 year unlike 2009 when it took 11/2 years.

        • On January 23, 2016 at 10:39 am,
          Excelsior says:

          Doc – I agree that the move down will be more drawn out than in 2008/2009.

          This will be uncharted waters for the younger institutional investors that have only known one direction in the stock markets and view 2008/2009 as an anomaly.

          • On January 23, 2016 at 11:36 am,
            Matthew says:

            On that point I have to agree with you and Doc. Although I think there will be a “sudden acceleration” (or two), I think it will mark the end of the beginning of the bear. Then, with the bear well established, it will be a drawn out affair similar to the 2000 – 2003 bear.

            So I think it will only start a bit like 2008.

            Heck, It already looks like the offspring of those two prior bears:

            http://schrts.co/zz145P

          • On January 23, 2016 at 12:13 pm,
            Excelsior says:

            That jives with me.

        • On January 23, 2016 at 1:18 pm,
          Paul L. says:

          I agree too. Many like Dent calling for Dow 6000 soon. Short time ago he said 3000. We will many strong rallies along the way and the central banks should prevent any huge drops of over 20%.

      • On January 23, 2016 at 10:54 am,
        Frank from moscow CCF says:

        thanks……and great point…….DOWN IS DOWN………..claw

        • On January 24, 2016 at 9:07 am,
          Big Al says:

          The degree of the slope is the important thing, Frank. As you know, I would bet.

      • On January 23, 2016 at 12:08 pm,
        Big Al says:

        Thanks for your opinion. Excelsior

        • On January 23, 2016 at 12:15 pm,
          Excelsior says:

          Thank you and Cory for putting out another great show. I’m excited to hear the interviews from the show in a couple days.

          • On January 23, 2016 at 12:16 pm,
            Excelsior says:

            The Cambridge House Investment Conference.

    • On January 23, 2016 at 11:00 am,
      Paul L. says:

      All depends on how far oil can rise. If it can break the 38 barrier the market can go much higher and the next crash may be averted but if it fails near 34 to 35 then everything falls hard as it goes down to test 30 with a possible small bounce and then drop again to newer lows. We need production cuts from the producing countries to get to the 40 to 50 area.

      • On January 24, 2016 at 9:09 am,
        Big Al says:

        We will certainly find out, Paul!

      • On January 24, 2016 at 2:21 pm,
        Excelsior says:

        Here’s a 200 day composite chart for the Oil-related ETFs.

        It is clear that the larger producers and service companies (featured in XLE, OIH, and DBE) have held up much better than the explorers or the ETFs that just track the crude futures contracts (XOP, JJE, OIL, USO).

        http://stockcharts.com/freecharts/perf.php?XLE,XOP,OIH,DBE,JJE,OIL,USO#

        • On January 24, 2016 at 2:29 pm,
          Excelsior says:

          Correction to that last statement as DBE does track Brent and WTIcrude, heating oil, gas, and nat gas (sorry about that). It came out more middle of the road, but to be clear it is not invested in large producers or oil service companies like XLE or OIH.

          I still like XOP for the potential upside in the smaller producers and explorers for when the markets do turn around. (It’s like the GDXJ of Oil stocks). However, I want to see the continued cleansing process happen as many of the smaller companies are going bye-bye in the next 6-12 months. I’d rather just trade the smaller companies as individual stocks for now.

          • On January 24, 2016 at 2:48 pm,
            Excelsior says:

            On a side note, I’ve been going in and researching many of the Oil companies using their corporate presentations, and most have been revamped to focus on producing in a $40+ Oil price. I wander how long many of these companies will be able to survive in the $20s and $30s?

        • On January 24, 2016 at 2:43 pm,
          Excelsior says:

          Here’s a list of Oil Related ETFs. I think these are the main ones, but if there are any other Oil-related ETFs please post them below this.

          Energy Select Sector SPDR ETF (XLE)
          S&P Oil & Gas Explor & Prodtn ETF (XOP)
          Market Vectors Oil Services ETF (OIH)
          Bloomberg Energy SubTR ETN (JJE)
          PowerShares DB Energy ETF (DBE)
          United States Oil (USO)
          S&P GSCI Crude Oil TR ETN (OIL)
          ProShares Ultra (2x Long) Oil & Gas (DIG)
          ProShares Ultra (2x Short) Oil & Gas (DUG)
          Ultra (2x Long) Bloomberg Crude Oil (UCO)
          Ultra (2X Short) Bloomberg Crude Oil (SCO)
          S&P Oil&Gs Ex&Prd Bull (3X) ETF (GUSH)
          S&P Oil&Gs Ex&Prd Bear (3X) ETF (DRIP)
          VelocityShares (3x) Long Crude Oil ETN (UWTI)
          VelocityShares (3x) Inverse Crude Oil ETN (DWTI)

          • On January 24, 2016 at 11:05 pm,
            Excelsior says:

            OK it is early Monday morning, and I’ve waited until now to post this because I know it will be a long list of Oil companies. By now most of the comments have been made and people have read the blog (if not I apologize for the length of this).

            This is my complete Oil company watch-list, but I’m working on whittling it down to about 10-12 great individual oil stocks for when we do get the bottom in Oil, or at least a more intermediate term bottom for a swing trade.

            –> Anybody have a list of 10-12 companies on here that would be their prime picks?

            Oil & Gas Exploration & Production & Oil Services

            Name Ticker Symbol: (US tickers) – {for many Toronto ticker is actually primary}

            Advantage Oil & Gas AAV
            Alon USA Energy Inc. ALJ
            Anadarko Petroleum Corporation APC
            Antero Resources Corporation AR
            Apache Corporation APA
            Athabasca Oil Corporation ATHOF
            Baker Hughes Incorporated BHI
            Bonterra Energy Corp BNEFF
            Boulder Energy Limited BLLDF
            Cabot Oil & Gas Corporation COG
            California Resources Corp CRC
            Callon Petroleum Company CPE
            Cameron International Corporation CAM
            Carrizo Oil & Gas Inc. CRZO
            Cequence Energy Ltd. CEQXF
            Cenovus Energy Inc. CVE
            Chesapeake Energy Corporation CHK
            Chevron Corporation CVX
            Cimarex Energy Co. XEC
            Clean Energy Fuels Corp. CLNE
            Cobalt International Energy Inc. CIE
            Columbia Pipeline Group CPGX
            Comstock Resources Inc. CRK
            Concho Resources Inc. CXO
            ConocoPhillips COP
            CONSOL Energy Inc CNX
            Continental Resources Inc. CLR
            Core Laboratories N.V. CLB
            Crescent Point Energy Corp. CPG
            CVR Energy Inc. CVI
            Delek US Holdings Inc. DK
            Delphi Energy Corp. DPGYF
            Denbury Resources Inc. DNR
            Devon Energy Corporation DVN
            Diamond Offshore Drilling DO
            Diamondback Energy Inc. FANG
            Divergent Energy ILISF
            Enbridge Inc. ENB
            Encana Corporation ECA
            Energen Corporation EGN
            Energy Transfer Partners, L.P. ETP
            Ensco PLC – CL A ESV
            EOG Resources Inc. EOG
            EQT Corporation EQT
            Exxon Mobil Corporation XOM
            Freehold Royalties Ltd. FRHLF
            FMC Technologies, Inc. FTI
            Gibson Energy Inc. GBNXF
            Green Plains Inc. GPRE
            Gulfport Energy Corporation GPOR
            Halliburton Company HAL
            Helmerich & Payne, Inc. HP
            Hess Corporation HES
            HollyFrontier Corporation HFC
            Husky Energy Inc. HUSKF
            Imperial Oil Ltd. IMO
            Kinder Morgan Inc KMI
            Kosmos Energy Ltd. KOS
            Laredo Petroleum Inc. LPI
            Marathon Oil Corporation MRO
            Marathon Petroleum Corporation MPC
            Marquee Energy Ltd. MQLXF
            Matador Resources Company MTDR
            Memorial Resource Development Corp MRD
            Murphy Oil Corporation MUR
            National Oilwell Varco, Inc NOV
            Newfield Exploration Company NFX
            Noble Energy Inc. NBL
            Nordic American Tanker NAT
            Oasis Petroleum Inc. OAS
            Occidental Petroleum Corporation OXY
            ONEOK Inc OKE
            Pan Orient Energy Corp. POEFF
            Parsley Energy Inc. Class A PE
            PBF Energy Inc. Class A PBF
            PDC Energy Inc PDCE
            Pengrowth Energy Corporation PGH
            Penn West Petroleum Ltd PWE
            Peyto Exploration & Development Corp PEYUF
            Phillips 66 PSX
            Pioneer Energy Services Corp. PES
            Pioneer Natural Resources Company PXD
            PrairieSky Royalty Ltd PREKF
            Precision Drilling Corporation PDS
            QEP Resources Inc. QEP
            Raging River Exploration Inc RRENF
            Range Resources Corporation RRC
            Rice Energy Inc. RICE
            RSP Permian Inc. RSPP
            Sanchez Energy Corporation SN
            Schlumberger Limited SLB
            Seadrill Partners LLC SDLP
            SM Energy Company SM
            Southwestern Energy Company SWN
            Spartan Energy Corp. PTORF
            Spectra Energy Corp SE
            Stone Energy Corporation SGY
            Synergy Resources Corporation SYRG
            Tenaris S.A. American Depositar TS
            Tesoro Corporation TSO
            TORC Oil & Gas Ltd. VREYF
            Transocean Ltd. RIG
            Trican Well Service Ltd. TOLWF
            Tullow Oil plc TUWOY
            Ultra Petroleum Corp. UPL
            Valero Energy Corporation VLO
            Vanguard Natural Resources LLC VNR
            Weatherford International plc WFT
            Western Refining Inc. WNR
            Whitecap Resources Inc. SPGYF
            Whiting Petroleum Corporation WLL
            The Williams Companies Inc WMB
            World Fuel Services Corporation INT
            WPX Energy Inc. Class A WPX

          • On January 25, 2016 at 8:40 am,
            Evin says:

            The Oil Price ‘plays’ are going to be choppy for most of 2016.

            The damage to staffing, or human resources in energy services is going to take years to fix.
            The entire supply chain has been hurt, and they won’t just call people back to work and hit the numbers every quarter. a smooth operation takes engineers and operators with training and experience and budgets that can be depended on. When oil prices recover will be tough to drill a well with zero Interest money as was had in the massive exploration phase when prices were sky high. enough drilling inventory has been mapped for next century. Too many inefficient juniors in this market, the minute it becomes apparent it’s cheaper to buy someone out than to drill to prosperity the better juniors will get M&A activity. It’s too early to buy yet, better to be researching next 2 qtrs.

            shop by basin, by proven reserves, by dollars spent at higher oil $ that are sound at sub $50 oil (hared to figure out), find EPS that was positive in Q4 2015, wait for Q1 numbers to come out for 2016, pounce on gas weighted producers that have 15 year inventory of drill locations, reserves and low to no debt. Ie seven generations,

            Look for super undervalued exploration where 3-7x the dollars are sunk in projects and buy into teams that have excellent deals, land, and cash or finance to make big score by end of decade.

            There is a list of junior explorers organized by Basin here: Tullii.org click on menu upper right for drop down list of projects worth reading investor presentations.

            most companies will go nowhere for years, so you might be better to fish for real gems that play a niche and build a bulletproof plan for the 2021-2027 timeframe, which will likely be a very bullish time, until then it’s carnage for most p,ayers who took on more than they could chew and are paying the price now.

            One ETF missing from list above is CCX (on Tmxmoney.com)

          • On January 25, 2016 at 9:00 am,
            Evin says:

            My 2 cents on the list you put up…

            Oil & Gas Exploration & Production & Oil Services
            Name Ticker Symbol: (US tickers) – {for many Toronto ticker is actually primary}
            Advantage Oil & Gas AAV. (good bet, cash flow better than most jr)

            Bonterra Energy Corp BNEFF (div payer)
            Boulder Energy Limited BLLDF (experienced mgmt)

            Cequence Energy Ltd. CEQXF ( they will be takeout if gas recovers)
            Cenovus Energy Inc. (nibble away after Q1))
            Cimarex Energy Co. XEC ( wait til q1 numbers are out)

            Crescent Point Energy Corp. CPG (11 years of reserved left, pay div)

            Encana Corporation ECA (great land, bad balance sheet, need recovery, sept ‘2016 )

            EOG Resources Inc. EOG (wait and see numbers Q1)

            Freehold Royalties Ltd. FRHLF (like the div, good assets)

            HollyFrontier Corporation HFC buy on dips

            Imperial Oil Ltd. not yet, wait til, Q2
            Laredo Petroleum Inc. LPI (basin position is worth researching)

            Noble Energy Inc. NBL. ( great Israel gas play and assets)

            Oasis Petroleum Inc. OAS ( wait till it bottoms Q2)
            Pan Orient Energy Corp. POEFF (paying div in feb,)

            Penn West Petroleum Ltd PWE. (deep trouble if oil prices don’t recover)
            Peyto Exploration & Development Corp PEYUF pays dividend, good lands
            Phillips 66 PSX (refining will grow)

            PrairieSky Royalty Ltd PREKF. (pays div) wait til q1 numbers are out
            Precision Drilling Corporation PDS (like the options 1-2 years out)

            Trican Well Service Ltd. ( they are in trouble, likey sold before march)
            Valero Energy Corporation VLO hold it, add on dips
            WPX Energy Inc. Class A WPX great gas wells if ng recovers by sept.

          • On January 25, 2016 at 1:36 pm,
            Excelsior says:

            Wow. Thanks Evin. Great feedback! I do think it will be a drawn out bottoming process with more pain to come in 2016, but as you mentioned it will be much more advantageous to buy out some of the Jrs with quality exploration work already completed than to start more green-fields exploration. Getting in early for the M&A action is exactly what I had in mind. Also there are a few producers cashflowing if $Oil gets above $40 but few that are making money in the $20s or $30s.

            Very nice recap company by company. Much appreciated!

          • On January 25, 2016 at 2:33 pm,
            Excelsior says:

            Evin – Thanks also for the heads up on the site http://www.tullii.org.

            Also thanks for the ETF (CCX) I’ve never heard of it until your post.

            Again, your feedback is greatly appreciated. Cheers!

  8. On January 23, 2016 at 9:18 am,
    David says:

    David Morgan is truly a salesman! I wonder if anyone is buying?

    • On January 23, 2016 at 9:19 am,
      Frank from moscow CCF says:

      no…………

      • On January 23, 2016 at 9:19 am,
        Frank from moscow CCF says:

        Join the book and tape club……………..lol

      • On January 23, 2016 at 1:29 pm,
        Gator says:

        FFM..I’ve listened to Morgan for years and he was only right once. He, like many others, keeps moving the time frame ahead on his previous predictions…no better than Bo Polny in my opinion….

        • On January 23, 2016 at 1:34 pm,
          Frank from moscow CCF says:

          DITTO…………..

          • On January 23, 2016 at 1:35 pm,
            Frank from moscow CCF says:

            I started out listening to DAVID…….11 years ago……and you are 100%correct…

          • On January 23, 2016 at 1:38 pm,
            Frank from moscow CCF says:

            The more I think about it……it could have been longer…..time flies …fuzzy math.

    • On January 23, 2016 at 10:05 am,
      bb says:

      He should have enough investors with the huge amount of money he has made his subscribers I would think. no?
      Heck, there should be a line up for the shares.

      • On January 23, 2016 at 12:02 pm,
        Big Al says:

        I would agree BB,

        David is ethical and well liked because of that.

        Remember, this company is currently private.

    • On January 23, 2016 at 12:10 pm,
      Big Al says:

      Someone has put in $5 million so far.

  9. On January 23, 2016 at 9:50 am,
    Matthew says:

    This looks like the start of some real relief for the Canadian dollar:

    http://schrts.co/RDHGtq

    • On January 23, 2016 at 10:03 am,
      Matthew says:

      It is showing more strength than oil:

      http://schrts.co/isNywJ

      • On January 23, 2016 at 10:04 am,
        Matthew says:
      • On January 23, 2016 at 10:42 am,
        Excelsior says:

        Yeup. This is the option for a short-term divergence in the Loonie and Oil that we’ve been discussing where the currency will head up before the commodity.

        I believe Oil still has some pain left. As noted earlier this week, if Oil really does head down to the $22, $20, or $16 range as some believe, then I don’t see how the Loonie would completely escape that suction down.

        • On January 23, 2016 at 11:38 am,
          Matthew says:

          I agree, the loonie wouldn’t avoid the suction but it just might avoid making a new low.

          • On January 23, 2016 at 11:44 am,
            Excelsior says:

            Good point.

          • On January 23, 2016 at 11:46 am,
            Big Al says:

            Just had breakfast with Cory, cost me $14 US for two! (Including tip)

          • On January 23, 2016 at 11:51 am,
            Excelsior says:

            Darn, I should have booked my vacation stay in Canada now before the currency arbitrage USD:Loonie shrinks back down. I was looking online at hotel bookings and could not believe how cheap it is to stay in Canada in TOP notch hotels right now. Going out to eat would be a treat as well due to the currency exchange.

            There was an video on BNN about this very topic recently. Canadians are not traveling to the US as much and have taken travel to Europe instead, and Americans are not getting the clue that vacationing in Canada or Australia right now is the bargain of a lifetime.

            Canadians reworking vacation plans as Loonie languishes

            http://www.bnn.ca/News/2016/1/21/Canadians-reworking-vacation-plans-as-loonie-languishes.aspx

          • On January 23, 2016 at 11:59 am,
            Frank from moscow CCF says:

            Canada …..get ready for high prices for tomatoes and pineapples……….zerohedge

          • On January 23, 2016 at 12:00 pm,
            Frank from moscow CCF says:

            Do not forget that THE BOOTY…………has a vacation offer in South Florida for the Canadian goose…………….

          • On January 23, 2016 at 12:09 pm,
            Excelsior says:

            Nice offer from The Pirate Claw BOOTY…..The BOOT-Legger

            I’m reposting it to see if anyone will bring you the truckload of Liquid Bread for a Stay in sunny Florida:
            _________________________________________________________________________

            On January 21, 2016 at 7:29 am,
            Frank from moscow CCF says:

            US citizen should take advantage of the weak Canadian dollar, … I want to trade a week end stay,( ocean side), for a truck load of Canadian beer(BLUE)…..Anyone, got any beer to trade for a week end stay in South Florida… Please contact…….THE BOOT, as in bootlegger……..

            On January 21, 2016 at 8:26 am,
            Excelsior says:

            FFM….The BOOT….Legger

            That is quite a zesty offer to our friends in the North. Tell me if anyone backs up the truck…

            I am seriously considering traveling to Canada this year for some R&R since the currency exchange is at such an extreme at present.

          • On January 23, 2016 at 12:11 pm,
            Glenfidish says:

            Hi shad and Matt

            I’m looking for what it’s worth at the very least a retest if the recent bottom in loonie come summer or fall if not earlier. It either retest or puts in a lower low imo. Some miners like you and shad have shown already seen to have made bottoms and look very good like they are leading the sector. Seems to me the small cap or the ones with under 100,000 thousand or less of production are enjoying a ride. Will they correct eventually? I believe so but it may be from much higher prices. Others continue to show weakness including the mid and large cap and may see new lows. I’m following weekly and monthly at this point.

          • On January 23, 2016 at 12:21 pm,
            Excelsior says:

            Glenfidish, agreed on all points. I think the Loonie could retest those lows if Oil heads back down for lower lows. Yes, there are many quality companies that have bottomed in 2013, and may still correct back more if PMs fall again, but from higher highs. Lastly, the larger companies like Barrick, Goldcorp, and Kinross or the large commodity companies like Glencore, American Anglo, Teck, Vale, and BHP have been under major duress due to their debt loads. Most have been selling or divesting assets to deal with this. This is why the small to mid producers with good balance sheets, and good All In Sustaining Costs have been outperforming.

            Cheers mate!

          • On January 23, 2016 at 1:02 pm,
            Big Al says:

            Excellent poi, Excelsior

          • On January 23, 2016 at 12:29 pm,
            Frank from moscow CCF says:

            Thanks for the plug………EX…………………………………THE BOOTY

          • On January 24, 2016 at 11:45 pm,
            Excelsior says:
    • On January 23, 2016 at 10:07 am,
      Matthew says:

      This outperformance is bullish for resource investments in general, in my opinion.

    • On January 24, 2016 at 9:11 am,
      Big Al says:

      Please explain your rationale Matthew.

      Best

      • On January 24, 2016 at 10:10 am,
        Matthew says:

        Al, I see the turn up in the Canadian dollar as possibly somewhat more bullish for the resource space in general because non-Canadians like me must buy the loonie before we can buy Canadian miners of any type. Oil, on the other hand, is more likely to have strong short term rallies that don’t mean much to resource investments in general.

        I can see the Canadian dollar retesting last week’s low (as Glenfidish thinks will happen) but I think the flow into the currency lately is clearly bullish for the miners.

        http://schrts.co/Jfgn93

        • On January 24, 2016 at 10:11 am,
          Matthew says:

          Note that in the crash of ’08, the miners (GDX) bottomed many months before the Canadian dollar retested its low.

          http://schrts.co/Jfgn93

  10. On January 23, 2016 at 10:12 am,
    Matthew says:

    After closing 8 weeks below it, gold has now closed above the 600 week EMA for the third consecutive week. Smarter shorts and wannabe longs must be noticing gold’s resilience — and getting slightly nervous.

    http://schrts.co/qpDvBu

    • On January 23, 2016 at 10:43 am,
      Excelsior says:

      Nice.

  11. On January 23, 2016 at 10:44 am,
    Jason says:

    I got on here late. Been out shoveling 2 feet of global warming (snow).

    The last guy was talking about having a position in an inverse fund for the crash. I do. I am building a position in SPXS. We think it may hit 30+ by March. You can also check out SQQQ and SDOW. I think SH is another one.

    • On January 23, 2016 at 11:03 am,
      Excelsior says:

      Great suggestions on the inverse ETFs Jason. I like SPXS to short the S&P, and I like TZA to short the Russell 2000. The large caps and small caps behave a little differently so it is a good idea to have a fishing pole in each pool.

  12. On January 23, 2016 at 11:55 am,
    Mike from Abq says:

    Al, Cory & Chris:

    Your conversation with Glen Downs reminds me of something I saw during the Election night coverage of the 2012 Presidential Election on Fox News. When Fox called the election for Obama Karl Rove refused to believe it. While the rest of the world pretty much knew that Obama would be re-elected those that watch only Fox thought that Romney had a chance. Karl’s belief was so strong that he had to go to Fox’s election prediction bureau to challenge their call.

    It is stunning to me that you would bring on Glen Downs, the chief of staff of a very right wing Republican Congressman, and swallow his conspiracy theories lock, stock and barrel without the slightest challenge. You may hate Hillary, I’m no fan of her myself, but to accept as fact that she will be indicted based on some conversation that Downs’ had with some unknown retired FBI agent is just sad.

    • On January 23, 2016 at 12:02 pm,
      Frank from moscow CCF says:

      Bloomberg thinking of running………………Hilly, might not be so lucky…..zerohedge

    • On January 23, 2016 at 12:26 pm,
      Big Al says:

      Common Mike, he was just expressing his opinion.

      My stance is that we are soon to see just how much power the Clinton family really has.

      • On January 23, 2016 at 12:39 pm,
        Matthew says:

        Generally speaking, defenders of Hillary have never had an interest the facts. Of course, the same can be said of the supporters of most politicians. But most politicians aren’t as brazen as Hillary.

        • On January 23, 2016 at 12:59 pm,
          Big Al says:

          Now that is a good poin5,, Matthew. Explains why there is so much dislike out there.One would think that she should be very far ahead of the pack now! And, she seems to be actually just trying to keep her head above water!

    • On January 24, 2016 at 8:55 pm,
      PF says:

      She won’t be indicted. If she is, then Biden will get elected. Either way the Republicans will lose.

      • On January 24, 2016 at 11:06 pm,
        Matthew says:

        America loses either way, PF (Pure Fantasy?).

        • On January 25, 2016 at 10:07 am,
          PF says:

          I’m just stating the likely outcome. If you do the arithmetic on the electoral college, it will be difficult for the Republican candidate to win. California, Illinois, and New York are guaranteed to vote Democratic. The only big state guaranteed for the Republicans is Texas.

          • On January 25, 2016 at 10:15 am,
            Matthew says:

            I see; then I apologize for my silly barb.

  13. On January 23, 2016 at 12:18 pm,
    Glenfidish says:

    Prices are starting to sky rocket here in Ontario Canada.. Not sure on the rest of Canada. Call it inflation/ deflation whatever you like but this is a no brainer imo. Compared to foreign countries, Canada is behind on prices and needs to play catch up. Just about everywhere I’ve been outside of Canada, I find myself paying in US dollars and a McDonald’s crappy combo at 8/10 dollars us.. With a low loonie and foreign money coming here/travelers and higher import prices for Canadians to bring in the goods, it’s headed higher. I would not be surprised if properties here in Ontario move up once again with big Chinese money and others buying up assets.

    • On January 23, 2016 at 1:03 pm,
      Big Al says:

      It is certainly a bargain basement for Americans right now!

  14. On January 23, 2016 at 12:20 pm,
    Glenfidish says:

    It’s follow the money and the money has entered Canada’s for sometime and continuous to pour in imo. Safe jurisdiction and so called safe banks which can be argued is attractive for the big shots. Seems like this game will end ugly at some point.

  15. On January 23, 2016 at 12:27 pm,
    Frank from moscow CCF says:

    Tomatoes and pineapples headed higher…………..for Canadians……….zerohedge
    I guess McD., will cut back on the tomato slice.

    • On January 23, 2016 at 12:49 pm,
      Excelsior says:

      Nope. Adding tomato will be $1 Canadian Dollar a’ holler…..

  16. On January 23, 2016 at 1:43 pm,
    Frank from moscow CCF says:

    Mitch McConnell giving Obama……….the right to wage WAR…..as long as he needs it……zerohedge…….Is’nt t this guy a Kentuckian……?

    • On January 23, 2016 at 1:44 pm,
      Frank from moscow CCF says:

      Let’s see what PAUL has to say on this one…………………lol …..two Kentuckians in a knife fight.

    • On January 24, 2016 at 9:17 am,
      Big Al says:

      Zero Hedge is getting a bit on the sensational side. Rem wwe Amber it’s response to the mark to market energy situation?

      • On January 24, 2016 at 9:20 am,
        Big Al says:

        Meant “remember”

  17. On January 23, 2016 at 2:30 pm,
    Matthew says:

    Copper is looking better…

    http://schrts.co/SzyoV4

    • On January 23, 2016 at 3:00 pm,
      Frank from moscow CCF says:

      Copper shell casings are going to be in big demand…………if the O goes to war.

  18. On January 23, 2016 at 2:40 pm,
    Matthew says:

    Big gains coming for commodities…

    http://schrts.co/Dbyd07

    • On January 24, 2016 at 1:36 am,
      Excelsior says:

      Interesting on the down-trend line and MACD divergence. Also the Slow and Full Stochastics look ready to turn up.

      • On January 24, 2016 at 1:38 am,
        Excelsior says:

        Do you think this rise in commodities may coincide with a USD double-top and then correction down scenario?

        • On January 24, 2016 at 8:10 am,
          Matthew says:

          Commodities (GNX) ended the week up 4% while the loonie ended up 3% despite the dollar also finishing higher. So I think commodities can hold their own either way at this point but would definitely get a big boost when the dollar finally does fall.

          Here’s a chart I posted in October. Uptrend strength is weak but the bias is still higher.

          http://schrts.co/Te0tc3

          • On January 24, 2016 at 9:22 am,
            Big Al says:

            Thank you Matthew.

          • On January 24, 2016 at 10:04 am,
            Excelsior says:

            Good thoughts & chart. Much appreciated.

  19. On January 23, 2016 at 3:50 pm,
    Mark says:

    ******* SNOW STORM IS BRUTAL RIGHT NOW HERE ON THE EAST COAST AS NOTHING MOVING!
    Nothing is moving……………..this will add to the collapse!

    • On January 23, 2016 at 8:05 pm,
      Chartster says:

      It’s a great excuse, Mark.

      The BDI has, or is about to bottom….so…all is good?

      • On January 24, 2016 at 1:44 am,
        Skeeta says:

        Mark could stumble upon the pot of Gold at the end of the rainbow,

        ….& would still bitch about the Baltic Dry Index.

        • On January 24, 2016 at 5:56 am,
          Mark says:

          Retarded!

          • On January 24, 2016 at 8:10 am,
            Ann says:

            Skeeta- Interested in the name of the JR trading around a dime you mentioned the other day!! TIA. Cheers.

          • On January 24, 2016 at 2:31 pm,
            Excelsior says:

            Agreed Ann. I could not guess which Junior Gold explorer Skeeta was mentioning, and it is sad because there was a free beer offered if we could guess the company.

            What was that company you mentioned trading for $.10?

          • On January 25, 2016 at 12:57 am,
            Skeeta says:

            My apologies Ann & Excelsior,
            I had been drinking when I wrote it was trading for less than a dime.
            Silly me,
            LOL..its actually trading for less than a Nickel. 🙂
            Again apologies,
            But you guys with your nickels, dimes, foot, yards, miles, gallons etc get me confused at times !
            When are you going to finally join the metric world….if ever ?
            Have a guess Ann & Ex.
            If ya don’t nail it straight up I’ll let you know….its no secret afterall.
            Cheers.

          • On January 25, 2016 at 1:37 am,
            Excelsior says:

            New Carolin Gold Corp is my guess since you lowered it below a nickel.

            Yes, I agree our systems of measurement are wack. I don’t know why we couldn’t have been on the metric system. It makes far more sense.

          • On January 25, 2016 at 1:42 am,
            Skeeta says:

            Its an ASX listing.

          • On January 25, 2016 at 2:01 am,
            Excelsior says:

            Oh…missed that part. Let me try one more guess.

          • On January 25, 2016 at 2:23 am,
            Excelsior says:

            The lowest cost AISC for Australian miners belongs to:

            St Barbara Ltd (ASX: SBM)
            Resolute Mining Limited (RSG.AX)
            Beadell Resources Ltd (ASX:BDR)
            Newcrest Mining Limited (ASX: NCM)
            Evolution FPO (ASX: EVN)
            Northern Star Resources Ltd (ASX: NST)
            Kingsgate Consolidated Limited (ASX: KCN)

            But none of them are under a nickel.

          • On January 25, 2016 at 2:26 am,
            Excelsior says:

            Medusa Mining was a tempting pick but not near a nickel either.

          • On January 25, 2016 at 2:28 am,
            Excelsior says:

            Wow in doing this research, Alacer Gold has a way lower AISC than I realized.

            Preliminary All-in Sustaining Costs1 of $690 per ounce

          • On January 25, 2016 at 2:41 am,
            Excelsior says:

            I give up man….. but also just stumbled upon another producer Troy Resources in Australia. I’ll admit, my knowledge of Gold miners in Australia is more limited. I’ve had Focus Minerals in the past and currently have Metals X currently for base metals and gold. There’s just too many gold miners 🙂

          • On January 25, 2016 at 2:46 am,
            Excelsior says:

            on a related note, I just checked on Metals X and they have made a takeover offer for Aditya Birla Minerals Limited ACN 103 515 037 (ABY)

            http://www.noodls.com/view/B4B151AA75008900918CD2E188309789C1733C19#sthash.7iss6IkT.dpuf

          • On January 25, 2016 at 6:47 am,
            Matthew says:

            Excelsior, ASX stocks usually have several hundred million shares out so even at a nickel it might be valued at $20M. I’m sure nickel stocks there are a dime a dozen. 😉

          • On January 25, 2016 at 12:50 pm,
            Skeeta says:

            Excelsior & Ann,
            Matthew is correct when he says there are many trading here in that price range.
            Just need to sort out those with little or no debt & who are making money on this current low gold price.
            Its market cap is only a little over 30 million IIRC?
            ASX.MOY
            Do you own DD,
            & good luck to the three of you.
            Cheers.

          • On January 25, 2016 at 1:36 pm,
            Skeeta says:

            Oh whilst I remember Ann, Excelsior & Matthew,
            This is the story I read about them last week that I mentioned.
            (Scroll down the page, its under the Sandfire story)
            Cheers.

            http://resourcesrisingstars.com.au/infopage/7845

          • On January 25, 2016 at 1:44 pm,
            Excelsior says:

            Matthew that made me laugh… “nickel stocks there are a dime a dozen.”

            Especially because originally Skeeta said it was trading for a dime, but got turned around on the currency and switched it to a nickel. I understand what you are saying though, as many of the Australian miners do have very loose share structures with hundreds of millions issued. Strangely enough, most of the companies I was listing above were all far over $.05 so it couldn’t find any low enough 🙂 In fairness I was filtering my searches for the best AISC in Australian Jr miners.

            Skeeta – Thanks for letting the cat out of the bag on Millennium Minerals Limited. I’ll look into it further along with some of the other names I dug up during the search.

            This was an interesting quest. Thanks!

        • On January 24, 2016 at 9:24 am,
          Big Al says:

          Very possible, but certainly to each his own.

    • On January 24, 2016 at 9:23 am,
      Big Al says:

      Mark, have you built a snowman yet?

      • On January 24, 2016 at 9:55 am,
        Mark says:

        Yes, two of them………husband and wife!

  20. On January 23, 2016 at 4:44 pm,
    Matthew says:

    Gold:HUI is trading at twice its 2008 peak:

    http://schrts.co/IMjWnG

  21. On January 24, 2016 at 9:09 am,
    Matthew says:

    Russell 2000 support/resistance levels:

    http://schrts.co/jtcvQw

    It has already retraced about 50% of its 2011-2015 move.

  22. On January 24, 2016 at 9:19 am,
    Chartster says:
  23. On January 24, 2016 at 9:28 am,
    Big Al says:

    Depends on your perspective. You know how I feel Chartster.

  24. On January 24, 2016 at 10:45 am,
    Chartster says:

    Ted Cruz is not fit to hold office of the presidency.
    He was born in Canada.

    Article II – Section 1 of the Constitution.

    No person except a natural born Citizen, or a Citizen of the United States, at the time of the Adoption of this Constitution, shall be eligible to the Office of President; neither shall any Person be eligible to that Office who shall not have attained to the Age of thirty-five Years, and been fourteen Years a Resident within the United State

    • On January 24, 2016 at 12:34 pm,
      Gator says:

      Chartster..you need to define and elaborate on “natural born citizen” to determine if Ted Cruz is eligible…

      • On January 24, 2016 at 12:44 pm,
        Chartster says:

        Heh heh, ..you’re kidding, right?

        • On January 24, 2016 at 1:02 pm,
          Chartster says:

          The first sentence is the deal. There’s nothing to elaborate on. He was not born in the US, therefore Not Eligible! Period!

        • On January 24, 2016 at 8:45 pm,
          Gator says:

          Chartster..no not at all…there are senators that were not born in the U.S. but are eligible to run for President..look it up…study the subject…

          • On January 25, 2016 at 8:27 am,
            Frank from moscow CCF says:

            Hello gator……..is the answer, like McCann, where he was born in a us territory?

    • On January 24, 2016 at 12:53 pm,
      Frank from moscow CCF says:

      natural vs naturalized…………….is the problem ….He was not “born” in the USA.

      • On January 24, 2016 at 2:34 pm,
        Excelsior says:

        Bruce Springsteen was…..

        https://www.youtube.com/watch?v=EPhWR4d3FJQ

        • On January 24, 2016 at 2:44 pm,
          Frank from moscow CCF says:

          how about …..a little Beatle …….Born in the USSR………….

          • On January 25, 2016 at 1:33 am,
            Excelsior says:

            Paul McCartney – Back In The USSR (Live)

            https://www.youtube.com/watch?v=Vq1KbYUp8Ac

          • On January 25, 2016 at 7:03 am,
            Frank from moscow CCF says:

            thanks yoooo the man……….., did skeeta ever give up the info on his magnificent find, below a half dime…… 🙂

          • On January 25, 2016 at 1:39 pm,
            Skeeta says:

            See above for the link Frank.
            Cheers.

          • On January 25, 2016 at 1:49 pm,
            Excelsior says:

            Yes sir. Millennium Minerals Limited is on the table for dissection and discussion.

          • On January 25, 2016 at 1:57 pm,
            Frank from moscow CCF says:

            Ok. ….now I see it………………THANKS Skeeta and EX………..

  25. On January 24, 2016 at 10:53 am,
    Evin says:

    The middle east has been left aside of participating in the wests financial world. this fella claims the ability for Iraq to be part of the ‘credit worthy’ nations has been largely played around with by western banks so that they could charge enormous fees for taking on risk that in reality wasn’t there to the degree they claimed. end result Iraq is hurting and the motivating for making them credit worthy is largely being hindered by those banks who profit from them not being granted such status. it’s alternative media, but the context is one that may help explain things mainstream doesnt cover.

    https://m.youtube.com/watch?list=PLK6VBISDFGNRQwcCytjGGw1rlmxnqw4mT&v=Dm65i1eQpCY

  26. On January 24, 2016 at 11:58 am,
    Stephan B. Feibish says:

    I was listening to David Morgan talking about arrangements where the mining company gets to share in the appreciation of the asset. The first thing I thought was there are no free lunches. Over time these deals will offer less money per ounze to the mining company since they share in the appreciation of the asset. Disclaimer. I own both Silver Wheaton and Sandstorm Gold shares. I have owned Franco Nevada shares in the past and expect to pick up more FNV shares in the future.

    • On January 24, 2016 at 2:35 pm,
      Excelsior says:

      Agreed Stephan. I was making the same argument up above in the blog in the streaming thread, when contrasting the fixed price of streaming versus the adjustable rate streaming. They’ll have to start at a lower price per ounce if they want it to adjust up with metals prices.

  27. On January 24, 2016 at 12:02 pm,
    Mark says:

    *** MICHAEL SNYDER LAYS OUT ALL THE FACTS ABOUT WHAT’S COMING!
    https://www.youtube.com/watch?v=OsdFpduvsAQ
    We knew this was coming……………there were warnings!

    Uh………………………Game Day!

  28. On January 24, 2016 at 1:23 pm,
    Karl345345 says:

    The precipitous oil price drop indicates to me that commodities are in a secular bear market. Gold included. It is something we gold bugs will need to face imo. Gold won’t drop below $1000 just yet. Indeed we should see gold rally to $1500 while stocks drop. But in a year or so we will see another strong wave down in gold below $1000.

    I’m playing it by ear. If I see this bearish scenario developing, I will completely divest out of gold on the next upswing.

    • On January 24, 2016 at 3:12 pm,
      dragonite says:

      Karl, it is a lot harder to do than talking about it. No one can predict the future. You will not know whether the next up leg will just keep going up or fall through the ground. It is very likely just to give up before the unavoidable gold rise due to inflation. Goldbugs will be the last ones to give up. I have seen bull started with bearish scenarios all the time. Try 2000 and 2008. So I have decided to hold for another 20 years if the price is so stubbornly low. I will put my money in other areas.

      • On January 24, 2016 at 3:13 pm,
        dragonite says:

        I mean new money

    • On January 24, 2016 at 3:52 pm,
      Matthew says:

      Gold is not in a secular bear. If it were, it would not have taken 4 years and 4 months to correct 45% and retrace just 50% of its 2001-2011 move up. In addition, it hasn’t taken out the 150 or 200 month moving averages OR gone below the last significant low (which happened in 2008). The uptrend is very much alive.

      http://schrts.co/IoG2qD

    • On January 25, 2016 at 10:50 am,
      gregd says:

      You’ll be glad you have your gold when the currency’s collapse from all the QE’s.

  29. On January 24, 2016 at 1:33 pm,
    Chartster says:
  30. On January 24, 2016 at 1:45 pm,
    Chartster says:

    The chart of Monsanto is ” shovel ready ”
    The executives of Monsanto are ” roundup ready “

  31. On January 24, 2016 at 2:14 pm,
    Chartster says:
    • On January 25, 2016 at 7:34 am,
      Frank from moscow CCF says:

      Hard to keep up with Hilly and Billy…………… thanks

  32. On January 24, 2016 at 3:00 pm,
    PF says:

    I’m disappointed you guys didn’t ask Dave Morgan on his outlook for gold and silver. Who cares about his private business venture which your listeners can’t even invest in.

  33. On January 24, 2016 at 8:50 pm,
    PF says:

    Donald Dump would be more dangerous if elected than Hillary.

    ‘I Could Stand In The Middle Of Fifth Avenue And Shoot Somebody And I Wouldn’t Lose Any Voters’

    • On January 25, 2016 at 7:26 am,
      Frank from moscow CCF says:

      She did a great job as Sec. of State. Behind the scenes, her and Billy, have a lot of explaining …..FROM WHITE WATER forward…….With Hilly you get Billy. 🙂

      • On January 25, 2016 at 7:27 am,
        Frank from moscow CCF says:

        She did say….”I stand by my man”…………….lol

        • On January 25, 2016 at 7:30 am,
          Frank from moscow CCF says:

          TRUTH ABOUT VOTING…tape above, posted by Ebolan…..might be a good review… 🙂

  34. On January 25, 2016 at 6:42 am,
    Matthew says:
  35. On January 25, 2016 at 7:45 am,
    Matthew says:

    The Warmongers’ Brawl——How The GOP Is Deserting Free Markets, Sound Money And Fiscal Rectitude
    http://davidstockmanscontracorner.com/the-warmongers-brawl-how-the-gop-is-deserting-free-markets-sound-money-and-fiscal-rectitude/

    The dumbshit masses will never grasp that the modern “right” is “left” in all the ways that really matter. Left=sinister.

  36. On January 25, 2016 at 8:14 am,
    Brian says:

    Wow. Nothing good for the general markers for the start of the week. I’ve decided to begin positions in a 3X Bear (SQQQ) and volatility. Just a “nibble”, as DOC would say. I know the technicasl are saying markets should be flat to up before the next down leg, but I don’t mind being on the wrong-side of a trade for a bit, rather than missing a big move (which I believe will happen in February time frame)

    • On January 25, 2016 at 1:52 pm,
      Excelsior says:

      Brian. Please see the additional comments added to the Avi Gilburt blog where we showed you the love.

      Your thoughts and ideas are appreciated!

  37. On January 25, 2016 at 8:17 am,
    Brian says:

    Claude Resources

    Matthew, EX, DOC, LPG, others:
    Any thoughts on Claude’s decisive upward move today?

    • On January 25, 2016 at 8:32 am,
      Matthew says:

      Claude’s big uptrend has been getting stronger all month and the important weekly chart looks ready to go.

      http://schrts.co/tFcdTp

      • On January 25, 2016 at 8:36 am,
        Matthew says:

        The daily chart action is also strong.

        http://schrts.co/wJWuht

        • On January 25, 2016 at 8:46 am,
          CFS says:

          i don’t like Claude’s fundamentals without a major jump in metal’s price!

          2016 Forecast
          Gold production 65,000 – 72,000
          Total cash cost per ounce . US $700 – $775
          Total cash cost per ounce. $530 – $585
          All-in sustaining cost per ounce. $1,125 – $1,245
          All-in sustaining cost per ounce. (U.S.$) $850 – $935

          There are more than a dozen other small companies with better cost profile even without high-grading.

          • On January 25, 2016 at 8:49 am,
            CFS says:

            The table I copied from Claude had a typo in total cash cost, mixing up US and Canadian $s.

          • On January 25, 2016 at 8:49 am,
            Matthew says:

            You can opt for a lower AISC but you’ll give up leverage. Gold won’t have to go up much for Claude to triple this year.

          • On January 25, 2016 at 8:52 am,
            Matthew says:

            Claude also has great exploration upside and a small enough market cap for good drill results to have a material impact on the share price.

        • On January 25, 2016 at 8:46 am,
          Matthew says:

          Claude has been much stronger than the average junior this year and vastly stronger than most for the last 18 months.

          I don’t like a gap, especially a weekly gap, and that’s what we have today. It is part of the reason for the stunted action and will get filled, I’m sure.

          GDXJ:

          http://schrts.co/DehIbH

          • On January 25, 2016 at 1:53 pm,
            Excelsior says:

            Mind the gap…..

      • On January 25, 2016 at 9:04 am,
        Brian says:

        MAtthew
        Excellent charts and comments. I agree.

        Another chart from GoldTent going back to 2012 with resistance support lines:

        http://goldtadise.com/wp-content/uploads/2016/01/CLAUDE-BO.png

        • On January 25, 2016 at 9:19 am,
          Matthew says:

          Based on monthly closes, CRJ has now retraced 38.2% of its entire bear market move down.

          http://schrts.co/YY9PbS

          • On January 25, 2016 at 9:20 am,
            Matthew says:

            Then there’s this old monthly chart:

            http://schrts.co/ZG0GhA

          • On January 25, 2016 at 9:21 am,
            Brian says:

            What’s really interesting is the chart is very different when viewing it from the US$/CLGRF chart. I’m not really sure which currency to use for charting ! Yikes !

          • On January 25, 2016 at 9:29 am,
            Matthew says:

            It is up 722% vs the C$ in just over two years but is up “just” 547% vs the USD in the same period.
            CRJ priced in gold is up 840% and CLGRF priced in gold is up 616%.

            http://schrts.co/FswUw4

          • On January 25, 2016 at 10:37 am,
            Frank from moscow CCF says:

            BIG …% difference on the C$ and US$……….wow…

    • On January 25, 2016 at 10:36 am,
      RICHARD (DOC) says:

      Brian, I’ve owned Claude for months and been adding as it moves up—I added again on Friday and now will let the stock run. In my view we could have a handle of $1.40 on it before it pulls back. On a big pull back I would add more based on the current fundamentals.

  38. On January 25, 2016 at 8:33 am,
    CFS says:

    As I posted in this forum about 6 months ago, the Italian banking system is in deep trouble.
    e.g. http://www.marketwatch.com/story/italy-could-trigger-europes-next-financial-crisis-2016-01-21
    It appears to me this, combined with the collapse of the Schengen system, will eventually collapse the whole EU system.
    It amazes me that media in the US and most of Europe is so silent.

    • On January 25, 2016 at 8:35 am,
      Frank from moscow CCF says:

      Come on CFS………..you know the game plan……..MSN is part of the disinformation.

  39. On January 25, 2016 at 8:33 am,
    Frank from moscow CCF says:

    D.GARTMAN……says “gold does not get interesting until 1110…..”……kitco..

    • On January 25, 2016 at 8:57 am,
      Matthew says:

      Then it’s gonna get “interesting” soon.

      • On January 25, 2016 at 9:06 am,
        Frank from moscow CCF says:

        🙂 …….. yes indeed…………….

    • On January 25, 2016 at 9:05 am,
      Brian says:

      FFM ~ It’s 1111, actually 😉

      • On January 25, 2016 at 9:07 am,
        Frank from moscow CCF says:

        I think Gartman has been reading my post……….. lol 🙂

        • On January 25, 2016 at 1:57 pm,
          Excelsior says:

          I though the Elevensies was too cosmic and we had decided to target a close above $1112 for the confirmation of a further breakout to be prudent 😉

          • On January 26, 2016 at 4:08 am,
            Frank from moscow CCF says:

            oh, ok,,,,,,,,,,,,,sounds good to me……………………..the booty 2

  40. On January 25, 2016 at 8:56 am,
    Matthew says:

    Another good reason to steer clear of B.C.

    http://yukonprospectors.ca/Wordpress/?p=2006

    (I have always steered clear of B.C.)

    • On January 25, 2016 at 10:36 am,
      Bob UK says:

      Isn’t that the place where bears roger Hollywood actors?

      • On January 25, 2016 at 10:59 am,
        Matthew says:

        That sounds about right.

  41. On January 25, 2016 at 9:13 am,
    Brian says:

    Theralase:
    Seems to have pulled back and may be going to local higher-high.
    o At a recent conference, they were the most popular presentation of 80+ companies.
    o Final hurdle (ITA) could be met in February, then the first three patients are treated.
    o It is not out of the realm of possibilities, that this could be a US$1.00 stock in 12-18 months, which is my personal outlook

  42. On January 25, 2016 at 10:24 am,
    Matthew says:

    Tiny TLR is up 118% from the bottom of its inverted blowoff less than two weeks ago.

    http://schrts.co/YwwAz2

    • On January 25, 2016 at 1:55 pm,
      Excelsior says:

      Man I haven’t thought of timberline in years. Nice rebound.

  43. On January 25, 2016 at 10:32 am,
    Frank from moscow CCF says:

    Gold up …..1.53% against Canadian dollar……….up $23plus Canadian dollars.

    • On January 26, 2016 at 7:01 am,
      Frank from moscow CCF says:

      oops………….Canadian dollar reversing ……gold down in Canadian dollars…….keeps you on the edge of your gold pot……………..lol

  44. On January 25, 2016 at 10:48 am,
    bb says:

    Dec 2013 gold was just under 1300 canadian.
    Dec 2014 it was a bit over 1600 canadian
    Oct 2015 it was a little over 1400 canadian
    today 1570, it does look to be on the rise again, or would that be the Loon goin for a swim?

  45. On January 25, 2016 at 1:16 pm,
    Karl345345 says:

    Many commodities are hovering just above the 2008 lows. Oil has already broke below. So has the CRB index. Does that indicate a secular bear?

    Gold has been sticky downwards because of the hard core gold bugs buying every dip. They will give up at some point imo. A question for the gold bugs. When will be see $2000 again?If it’s a decade away, surely it’s a secular bear.

    Gold will perform well whilst stocks are in a bear market. But what happens afterwards? A downward resumption?

  46. On January 26, 2016 at 4:24 am,
    Frank from moscow CCF says:

    Looking at the Canadian price…….2000 gold should be coming quicker than one thinks……. 🙂

    • On January 26, 2016 at 6:46 am,
      Frank from moscow CCF says:

      Currency wars are on………………China warns SOROS on starting a currency war…zerohedge Tuesday…1/26/2016