FBI Deirector Manes Comey said regarding the increase in U.S. daily violence: “I don’t know what the answer is, but holy cow, do we have a problem.”
Click download link to listen on this device: Download Show
Should clarify. I meant they’ve been quiet from a PR standpoint WRT resource updates, although they have had several updates on financing deals, etc.
However, in looking at their site and YouTube there are almost no recent (after Feb. 2016) interviews with their management. Seems like they should be getting their story out a lot more, IMO as a shareholder.
We do not follow this company and have not for quite some time.
Was very tough to get any information from them.
Very sorry that we accepted their sponsorship in the past.
Stewart Thomson makes a number of good points in his latest piece. I agree completely with this one (among others):
“Most analysts in both the mainstream and gold communities are focused on the potential path the Fed may follow with interest rates, in response to the horrific jobs report. I think they are making a serious error.”
http://www.321gold.com/editorials/thomson_s/thomson_s_060616.html
Ooohhh…..It’s Stewie Tommy time again.
Your hero.
Why your sorry ass isn’t banned yet is completely beyond me.
I wouldn’t want to comment on that remark, Matthew! LOL!
I thought Stewie Tommy was pretty funny. Why so touchy?
I think Mat has an issue with you Bird.
Just a feelin really, not real sure tho.
I actually liked his (ST) trading stratagy, tuff to see how he can lose in the long run.
Need alot of cash tho, which he may have.
But Im no more certain of his “short term” thinking than I am of anyone elses.
Mathew
I just wanted to take a moment and thank you (I think Anne and a couple other people may agree with me).
When I started to REALLY learn TA and begin to build up my positions in PM stocks months ago, you were integral in my success: I made my/ own decisions, but your charts and crisp analysis were beyond helpful.
As a result of me following some of your suggestions on PM stocks, I am in a MUCH better retirement position. I won’t brag about my returns, but I am thrilled.
Just some friendly advice, Matthew: Completely ignore posters like BM, DC, TJ.
They just seem like a bunch of old, curmudgeons that have nothing better to do than criticize other people’s decisions (and fortunes).
Anyway, other than Mathew and Excelsior posts, I skip everything else, these days.
Agreed Brian. I’ve learned quite a great deal from Matthew over the years here on KER. (as well as you Brian, so keep the great contributions coming)
Matthew, I appreciate our many discussions and have learned a lot from your chart posts on individual companies and different asset classes, and enjoy your company updates. I just wanted to drop a line and say thanks for all the info you share.
Really, there are dozens of sharp people that currently comment here on KER, or that did in the past, that were very influential and formative in my investing thesis.
Here on the KER forum, we’ve tossed around so many ideas on dozens and dozens of companies (Strengths, Weaknesses, Opportunities, Threats) as a group, and I always feels we are better off sharing ideas as a group that merely in isolation.
The knowledge gleamed here on the KER has assisted me greatly during the bear market to play the counter-trend rallies, pick entry points, sniff out market turns, and identify which tier of miners (Majors, Mid-Tiers, Small producers, Developers, Explorers, Prospect generators) were likely to outperform based on the PM macro trends, etc….
I hope everyone here on the KER has a very prosperous week and a great month of investing in June.
Ever upward!
Thank you, Brian, I appreciate it. You’re a real contrarian so you were going to do well anyway, there’s no doubt about that.
Thank you Shad. I share your sentiments and appreciate all that you, Brian, and a few others bring to the table.
Am with you all the way Shad and Brian.
Thanks for the reminder Matthew. I hadn’t read ST yet. I happen to like a lot of what the man says and has said over time.
Hey Cory, how about at trip report on your trip to Thailand
Doc is right on!
Big Al is my Hero! Right on Al!
Thanks Chris I am pretty preoccupied right now with my wife.
Al, Hillary would not be the 1st liar elected president. LBJ was a pathological liar and crook, and so was Bill Clinton and B.O. So Hillary would be the 4th venal liar in the White House since LBJ. There must be something very rotten in Denmark.
I agree, I simply question her motivation.And, she rea)y scares me!
4th liar Bonzo? I always figured the way to tell if a politician was lying was that his lips were moving.
Yes, b, but Al said HRC would be the 1st. FDR was quite a liar too. He promised several times in ’32 that he would not call in the gold. Then soon after he was sworn in in ’33 he forced everyone to sell their gold for $20.67 an oz, and then raised the price to $35. That was just one of his lies.
Not so much that they are a liar, but that American voters would knowingly elect a proven liar. This is something often witnessed on the left. They simply don’t care. Take Charlie Wrangel for example. Or past Mayors of D.C. (I forget the names)
I don’t recall saying that.
Bonzo, the gold was almost irrelivant compared to helping to create world war 2.
Alot of blood on his hands.
Another banker war and he knew it.
Don’t forget HER lips…
She is just human. Don’t make such a big deal out of it. We all make mistakes.
Sorry Bird, she appears to be way over the top from everything I have read.
AL, just wait to you read the book coming out in 3 weeks by a secret service agent who worked in the White House during the Clinton years. Hillary is even worse than you think.
You are making too much of her faults Al. This is just politics as usual. Nothing really changes. When the next election comes around there will be innumerable reasons for the next batch of candidates to be roasted online too. Same as it was last time and the time before.
We have all seen this rodeo before and it never changes.
Anyway, as you well know, the President is a figurehead. They do not set policy as a rule and only a rare few of their personal ideas ever make it to the agenda. What is important about the job is the energy of the person standing in the role and their ability to communicate effectively the policy of the United States.
So that role is not in conflict with any mistakes Hillary made in the past. She will actually have far less freedom as President than she had in her past roles so mistakes will not necessarily carry forward which is your assumption.
My problem with Donald is that he is not a great communicator and he shoots from the hip. We don’t need a renegade or a maverick throwing a verbal wrench into every conversation or putting too much of his personal stamp on every topic.
For me, it just seems that Trump is too thin skinned. Every slight is personal and he displays too much of a willingness to be petty and vindictive towards his detractors rather than behave as a statesman who understands there will always be those who are vocally opposed.
Anyway, I am not persuaded by your anti-Hillary bias.
About the show today….I am kind of curious. Just how bad has violence gotten?
Last article I recall reading was full of stats that violence had been falling for years. Maybe like any good chart it just finally hit bottom and is going back up. But we should not be too surprised. Just look at what gets fed into everyone’s brains from Hollywood these days.
Talk about gratuitous and over the top murderous blood-fests.
Does anyone else wonder if we have not become immune to it all? Some of it is sick beyond measure. I cannot watch most of it. To me that is not entertainment at all. And whats the deal with all the Zombie stuff that has gotten so popular since I threw my TV in the dumpster?
Maybe I just have no sense of humour because I don’t feel like laughing when people get their eyes gouged out by screwdrivers or have limbs hacked off with whatever the hero finds handy.
Is Hollywood preparing us all mentally for a national holocaust or something?
And who exactly are the targets (kind of sure there are no real life Zombies).
This zombie crap is a usually Holly trope when the society breaks down. This happened in 1930’s hollywood too. Also look at the narratives in the WWF/E fake wrestiling….the narratives have switched from cold war themes to familial breakdown/jobloss/ptsd-wounded soldiers and general societal infighting. Yes, these popular “low” forms of entertainment are in fact a reflection of what is happening in the greater society. The Romans called it bread and circus and the U.S is unbeatable with this type of psych-op. Not sure how long it lasts, but it will worsen before it gets better. Witness the “entertainer-cum-faux populist Trumpy. This is a new low that will get much less funny as time goes on. I hope that things get better by the end of the decade or we are done for.
That zombie stuff, unreal, I call it “chick flick gore”.
Walking dead anyway, my daughter and friends loved it.
They made me watch it, Im just not into gore, and the surprise vomits I can pass on too. They do it so fast you dont have time to look away.
I could be wrong, but it does sound to me violence is increasing, which makes sense, more people become broke and if as is said that people cant scape together a few hundred in an emergency is true, well, whats our genius population gonna turn to?
And there is also the Hollywood natural disaster movie that also play a prevalent roll when society is in severe stress.
I am not optimistic Mr Confused
What’s up with uranium, if anything? I bought into UEC several months ago but it’s sure taken off during the past two sessions. Up almost 19% today.
Looks like URA is putting in a head and shoulders bottom. Time will tell. http://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1blbdoe-Screen%20shot%202016-06-06%20at%207.46.24%20PM.png
Thanks for that chart Ty.
Silverdollar – Yes, Uranium miners were on an absolute tear at the end of last week and also today, and all this volume is suddenly pouring into the space. If feels like institutional buying for the first time in a long time….
Has the worm has turned?
Here’s a few from today that brought a smile to my face:
Uranium Resources, Inc. (URRE)
2.49 Up 0.81(48.21%) 4:00PM
Uranium Energy Corp. (UEC)
1.12 Up 0.19(21.08%) 4:00PM EDT
CanAlaska Uranium Ltd. (CVVUF)
0.4472 Up 0.0641(16.73%) 3:36PM EDT
Energy Fuels Inc. (UUUU)
2.70 Up 0.33(13.92%) 4:02PM EDT
I should clarify that over the last week that the money seems to be dumping into the US companies like Uranium Resources, Energy Fuels, Uranium Energy Corp, and Ur-Energy more so than the Canadian companies.
This makes sense because the US companies have been so far undervalued it is comical, and many of the Canadian explorers like Canalaska, NexGen, and Fission have already had amazing moves up this year.
Here’s a composite chart on 10 Uranium Stocks over the last week that shows how well the US Uranium stocks have done:
Western Uranium (WSTRF) was also up over 17% today. (another good US development company run by the guy that started Energy Fuels).
There was a good interview on Palisade Radio recently highlighting Western Uranium:
_____________________________________________________________________________
George Glasier: Uranium Legend Talks Upcoming Uranium Boom and Best Way to Play
BY COLLIN KETTELL ON MAY 25, 2016
As for the volume flows in the US Uranium miners I felt this was worth noting. This same kind of thing was happening on Thursday and Friday as well. Looks like big boys starting to get positioned.
–> Uranium Resources, Inc. (URRE)
Volume: 1,449,508
Avg Vol: 125,294
–> UR-Energy Inc. (URG)
Volume: 4,729,012
Avg Vol: 370,342
–> Uranium Energy Corp. (UEC)
Volume: 4,997,012
Avg Vol: 810,206
–> Energy Fuels Inc. (UUUU)
Volume: 682,354
Avg Vol: 298,795
I have UEC & UUUU. (More then I bargained for because of mergers. )
I had URRE. At one time URRE had a bad cash burn rate that I think could have bankrupted it. I assume they’ve gotten money from somebody.
All 3 companies are excellent UEC, UUUU, and URRE. UUUU is the leader in the US Uranium market, and UEC and URRE will be cranking up production later this year when pricing accomodates.
URRE has not currently been in production, even though they were for decades. Uranium Resources is one of the more solid companies in the Uranium mining space in the US and globally and have been around since 1977…. they aren’t some kind of fly by night exploration company poking holes in the Athabasca Basin up in Canada like dozens of other start-ups jumping on the bandwagon.
The reason they were burning a reasonable amount of cash is that their mines are on standby and they just purchased an insitu mining project in Turkey by acquiring Anatolia Energy last year. They’ll be fast-tracking that into low cost production later this year. That was a very wise acquisition, just like Energy Fuels acquiring Uranerz last year for adding their low-cost insitu mine in their portfolio.
The Uranium bear market has been ever bit as severe as the bear in metals (more so really), decimating the good and the bad, and their share price got down so low they decided to do a reverse split last year. I mentioned I was exiting when that split was announced, and would buy back in after the dust settled. I picked up most of my shares in a zone from $1.49-$1.76 over the last few months, and trimmed yesterday and today, so it has been a very lucrative trade.
Cheers!
“In Texas, the Company has two licensed and currently idled processing facilities and approximately 17,000 acres (6,900 ha) of prospective ISR projects. In New Mexico, the Company holds a federal Nuclear Regulatory Commission license to recover up to three million pounds of uranium per year using the ISR process at certain properties and controls minerals rights encompassing approximately 190,000 acres (76,900 ha) in the prolific Grants Mineral Belt in New Mexico, which holds one of the largest known concentrations of sandstone-hosted uranium deposits in the world.”
Uranium Resources (URRE) has double in share price in the last week, so that hasn’t hurt my feelings too bad 😉
This morning it spiked up to $3.69 but has started to pull back from the parabolic move up now. Keep in mind that as of last Thursday the stock was trading at $1.45.
The Loonie is getting ready to break out and fly again…
The bears were able to keep TLRS in its channel today but their days of dominance are numbered…
Interesting on Timberline.
The dollar is going lower but might chop sideways first…
Here’s a chart I first posted at the beginning of the year. The dollar has behaved as expected and still looks bad…
Thanjs Matthew.
Matthew, like several others today I want to extend my thanks to you. Do you have any thoughts about NSRPF, TORXF, SAND, or OCANF? Doc says wait to buy them, except for NSRPF which he has not discussed. Of course we all know that nothing will be construed as market advice. Thanks again.
Bonzo, I don’t own or follow those so I’ll give my opinions based on the charts and my outlook for the sector overall.
NSRPF: Hold/Accumulate on weakness
TORXF: Sell strength. I think it can go to 2.50 to 2.80 from here before it puts in a high that lasts for months but there are much lower risk opportunities.
SAND: Buy
OCANF: Sell strength. Strong sell on any short term move to/thru 3.70 – again, there are lower risk opportunities.
Thanks, Matthew. Have you studied NSRPF’s presentation? It is intriguing. They may be on to something really huge. NEM owns about 23%.
Thanks Bonzo, no I haven’t. I didn’t know about Newmont’s stake either.
Ditto to your appreciation of Matthew Bonzo. Best, A
Thank you Andrew, you are appreciated too.
It is shooting season now that the weather has warmed up. Shootings are picking up here in the Toronto area with the warm weather.
Paul L – What do you think of this announcement in the Oil patch?
Devon to Sell Oil and Gas Assets for Almost $1 Billion
Bloomberg By Jim Polson, Alex Nussbaum – June 6, 2016
The beginning line of that piece just sounded eerily familiar to many press releases we’ve seen in the metals for years:
_________________________________________________________________________
“Devon Energy Corp., the energy producer that’s targeted $3 billion of asset sales to fund drilling and lower debt…..”
“A global oil-price crash has forced Devon and the rest of the industry to slash costs, lay off thousands of workers and cut dividends and exploration budgets. While prices have rebounded somewhat in 2016, Chief Executive Officer Dave Hager said last month it’s still not enough for Devon to grow production again….”
It just reminds me of exactly what we were seeing in the large base metals producers in 2015, and indicates to me that everything is not as rosy in the Oil patch as this large rally would indicate.
There is still room for Oil to get to the mid-$50’s, but then I would anticipate a pullback. During that consolidation period, many companies will show their true colors as the debt burdens, taken on when Oil was much higher, prove to be crippling. In addition all the price hedging that will occur north of $50 should cap prices in the mid $50s.
Al, Doc, and Cory……wow what a podcast. I couldn’t agree anymore, political, and people acting like ……animals. I am a 79 baby with 3 little boys they are taught common sense at early ages. For they have many up on today society. Being involved in ranching and logging it comes with the territory. Ohhh and people……well there crazy. Thank you for the show you folks are full of knowledge…and also thanks to all the bloggers with there knowledge… the best part is its free!! Thanks again Big Al
Our pleasure, Whit
Birdman has a hillary birdbrain
Stop bootlicking Hillary’s boots Mr. birdbrain.
And that’s how politics reduces us to the lowest possible denominator.
Al sorry to hear that you’re distracted over concerns for your Cathy. I trust all is well or will be soon. Best, A
Ageing population –> more spending on medical equipment, nursing homes, medical care, … Tremendous amount of money may be spent on last 6 months of life.
Hi
How about an interview with the Alexandria Minerals team? No word from them for a long, long time and they’ve been very quiet, both from a PR standpoint and in not participating as much in the PM stock rise as might be expected IMO.
Would be great of you guys could get them on again to see what’s going on. Thanks