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Markets and Company Updates

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July 23, 2016

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Discussion
208 Comments
    Jul 23, 2016 23:02 AM

    Thanks for the show as always fella’s.
    Cheers !!

      Jul 23, 2016 23:45 AM

      No on works harder than Mr. Big Al Korelin. He is up at the crack of dawn and works into the wee hours of the night.

        Jul 24, 2016 24:06 AM

        +1

        Jul 24, 2016 24:02 AM

        Thanks to Cory, Not into the wee hours of the night. I am simply having a lot of fun staying active!

    CFS
    Jul 23, 2016 23:14 AM

    Segment 1:
    Dan is correct, except he fails to mention that it is the collusion between the Central Banks that fails to allow any major change in currency rates.
    It is not simply excessive credit expansion.

      Jul 24, 2016 24:04 AM

      Gotten way to complicated CFS

    CFS
    Jul 23, 2016 23:29 AM

    Segment 2:
    I believe Mr. Hemke is correct. I see a slight resistance at $1311, but that will not hold. The strength in the other precious metals is indicating the bullion banks will have a hard time taking gold down much below $1280, and here is the good news to gold bugs, it appears that in August, there is high probability that $1400 will be exceeded, although it will be difficult to stay above the first time through.( as it is on all round numbers….just psychology at work)

      CFS
      Jul 23, 2016 23:29 AM

      The going above $1400 should happen in August.

        Jul 23, 2016 23:48 AM

        I agree

    CFS
    Jul 23, 2016 23:37 AM

    Seg 3: Don’t forget India will continue the demand after China is satisfied.
    The impact of ever-falling solar prices will have lasting effects on convential energy use.
    Elon Musk’s long-term plan in this area is a must read.

    First electric transportation, then power for housing and industry in the US. Then the world….that man is incredible.

      Jul 23, 2016 23:41 AM

      CFS – Great point about India’s continued demand for nuclear power.

      If you look on the chart in the article below it shows as of May of 2016 that India has 24 reactors planned, so it is in third place for growing nuclear behind Russian with 25 reactors planned, and China with 42 reactors planned.

      ________________________________________________________________________

      Number of planned nuclear reactors by country (as of May 2016)*

      Nuclear reactors planned worldwide As of May 2016, China and Russia have the largest number of planned nuclear reactors, totaling 42 and 25 reactors, respectively. Globally, both countries have a relatively high number of functioning nuclear reactors compared to other nations. In July 2015, the United States reported the highest number of functioning reactors, namely 99, followed closely by France with 58 reactors. In 2014, almost 77 percent of France’s electricity production was generated by nuclear power.

      http://www.statista.com/statistics/268154/number-of-planned-nuclear-reactors-in-various-countries/

        Jul 23, 2016 23:45 AM

        Number of operable nuclear reactors as of May 1, 2016, by country

        Currently, there are 440 nuclear reactors in operation in some 30 countries around the world. One of the largest plants is situated in France, where over 77 percent of total electricity generation was derived from nuclear sources in 2014. In 2011, the alliance between General Electric and Hitachi was ranked as the third largest maker of nuclear reactors, behind France’s Areva and Russia-based Rosatom. The nuclear power plant market was sized at around 30 billion US dollars in 2011, and is expected to exceed 50 billion US dollars by 2030. In 2040, global nuclear power capacity is projected to reach 602 gigawatts.

        http://www.statista.com/statistics/267158/number-of-nuclear-reactors-in-operation-by-country/

          Jul 23, 2016 23:46 AM

          UEX Signs Joint Venture Agreement on Christie Lake Uranium Project
          VANCOUVER, BC–(Marketwired – July 21, 2016)

          http://www.juniorminingnetwork.com/junior-miner-news/press-releases/1052-tsx/uex/22579-uex-signs-joint-venture-agreement-on-christie-lake-uranium-project.html

          Jul 23, 2016 23:47 AM

          NexGen Energy: Assays Confirm New High Grade Discovery in the A1 Shear and the Cannon Area Returns Anomalous Uranium
          VANCOUVER, July 21, 2016

          http://www.juniorminingnetwork.com/junior-miner-news/press-releases/622-tsx/nxe/22580-nexgen-energy-assays-confirm-new-high-grade-discovery-in-the-a1-shear-and-the-cannon-area-returns-anomalous-uranium.html

          Jul 23, 2016 23:56 AM
          Jul 23, 2016 23:59 AM

          Western Uranium: A High-Tech Mineral Producer
          Matthew Spizziri • July 20, 2016

          http://investingnews.com/daily/resource-investing/energy-investing/western-uranium-a-high-tech-mineral-producer/

            B
            Jul 23, 2016 23:40 PM

            TJ, you might like that Road to Roota stuff, includes pretty much everything your talking about, but the outcome is quite a bit more positive.

          CFS
          Jul 23, 2016 23:02 AM

          Thanks, Ex.
          With the west coast of the US overdue for a big earthquake (so is the New Madrid fault)
          And I hear the Bangladesh site is not earthquake immune, I wonder if we are soon going to get another nuclear “accident”.

            Jul 23, 2016 23:39 AM

            I sure hope not. Many of the older reactors that have been in service 30-40 years, should really be upgraded with the newer and more resilient 3rd or 4th generation reactors, and I would be much less concerned. The technology, stability, and safety in the new reactors has come a long way, but the older reactors still in use are a concern.

            We’ve discussed in the past 2 other ideas that may present a better pathway forward:

            1) Beryllium coated Uranium pellets that have a lower burning temperature and are more efficient. A company called IBC Advanced Alloys (IAALF) is working with MIT, and Texas A&M to develop and test this technology. They have a white paper about this research on their website.

            http://www.ibcadvancedalloys.com/clientuploads/NuclearInfo/Nuclear%20Fuels%20White%20Paper_R4.pdf

            2) The potential to develop Thorium Reactors, which would operate more safely, and the waste material would be far less of a concern than Uranium reactors.

            Regardless, I look forward to innovations and new approaches to continue to utilize this form of power, with no carbon emissions, low cost base load power, and the ability to deliver it discretely without supply line interruptions, make it an invaluable part of the energy mix.

            Jul 23, 2016 23:49 AM

            Of course, the downside to pursuing Thorium Reactors is that there is no real infrastructure for them in the USA, Russia, France, Japan, S. Korea, India, etc…, where the Uranium reactors are already in place, being build, or planned and being permitted. Also most of the naval vessels and private military installation power plants are all based on small private uranium reactors. (ie…. nuclear subs).

            Still, countries that are building reactors from scratch are considering Thorium Reactors as part of their energy mix.

            Here’s a pretty interesting article that brings the Thorium idea back into the forefront, and there are a number of exploration companies listed at the bottom.

            ___________________________________________________________________

            Does Thorium Play a Role in the Future of Nuclear Energy?
            Thorium, a slightly radioactive metal that occurs in rocks and soils, may hold promise as a replacement for uranium in the nuclear energy sector.
            Investing News Network • July 21, 2016

            http://investingnews.com/daily/resource-investing/energy-investing/uranium-investing/thorium-an-alternative-for-nuclear-energy/?nameplate_category=Uranium%20Investing

            Jul 23, 2016 23:46 AM

            Blah blah blah…..get a blog.

            Jul 23, 2016 23:17 AM

            Look who’s talking.

            Jul 23, 2016 23:25 AM

            Thanks Dan, calgary. Hope all is well with the business and in life.

            I’m not sure why Birdman has to be such a blog mosquito and pest.

            He sure hasn’t contributed anything worth any value on today’s blog or yesterday’s blog, but rather he’s only been an antagonist, insulting, and has proved the case of why everyone is so done with him on here.

            Jul 23, 2016 23:29 AM

            I greatly appreciate the stock suggestions and think uranium is under the radar for now. I like BM’s points of view but enough is enough.

            Jul 23, 2016 23:57 AM

            Agreed.

            Jul 23, 2016 23:24 AM

            We do have a problem. LPG condemns and then
            send his luv.

            Nonetheless, we all need to make every attempt
            to get along. We are going to experience a calamity
            in the not too distant future, all of this is so trivial.

            To keep being critical makes no sense. Unless its
            a scam artist or a wannabe dreamer who likes all
            the posts candy coated. Thats just adolescent
            type behavior. It burns me up.

            There is nothing optimistic regarding calamities.

            Problem is, many have disregarded the risks and
            their judgment is completely misplaced and flawed.

            Best people can do to, let the two contributors
            handle their own disagreements instead of
            others parties who have no business in the
            conversation.

            EVERYONE MIND THEIR OWN BUSINESS !

            Stop throwing more fuel on the fires in here.

            If someone was offended, then practice
            patience for when they have been wronged.
            /mistreated. Falsely accused and abused.

            Be compassionate and act with loving care.

            Kiss and make up. !!! And be patient.

            The falsely accused will forgive on their own
            timing. Again, patience is key !!!

            LPG
            Jul 23, 2016 23:14 AM

            TJ,
            Don’t forget: listen to this a few times – you’ll feel better:
            https://www.youtube.com/watch?v=U86MVqiKuZE
            Luv Luv Luv
            LPG

            Jul 23, 2016 23:43 AM

            LPG, stop trying to avoid your defeat gunning me down
            with that fairy panzy tunes from the stone ages.

            Boy, that stuff is nasty and for total wimps.

            Get that _____ out of here. Shame on you LPG !!!

            Jul 23, 2016 23:59 AM

            LPG, here’s what happened on the day I was born

            https://www.youtube.com/watch?v=OeGA5DLMKbQ

            You need a reality check.

            Jul 23, 2016 23:24 PM

            Anyone that wants to step up to the
            plate, go ahead, take a swing at me !

            MAKE MY DAY !!!

            I’m right here to settle. We Can Settle Right Now !!

            Jul 23, 2016 23:35 PM

            What about you — Mortie. How about Bill.

            Anyone ?

            Take Your Best Shot !!!

            You got nothin anyway. I’ll prove it over and over again.

            Jul 23, 2016 23:37 PM

            What are you talking about Don? I don’t post here very often anymore.

            LPG
            Jul 23, 2016 23:56 PM

            TJ,
            Thanks for the video link.
            His front teeth looks like pop corn: no surprise there.
            Luv Luv Luv and don’t forget: PCL – Pop Corn Love
            LPG

            Jul 23, 2016 23:14 PM

            LPG, I do not care anymore. You can
            marry the corn pop for all I care.

            Its well past shelf life and expiration.

            Jul 23, 2016 23:21 PM

            Finally its clear this site is really about entertainment. Everyone is such a bullshitter here. And good grief, those PC hacks that keep trying to pigeon hole the place into stocks-only discussion are so tiresome when a lot more matrimonial and religion would be more interesting. Like I said, we need more Cat-in-the Hat around here (and popcorn too). Bring on Dr Seuss.

            Jul 23, 2016 23:36 PM

            They have a short life span with their brain cells.

            However, the show must go on.

            B
            Jul 23, 2016 23:38 PM

            I asked in the other thread Bird.
            Have you read the Road to Roota stuff?
            If ya have maybe you could “chirp” your thoughts.

            Kind of a differant outlook using the same info the goldbugs use.

            B
            Jul 23, 2016 23:42 PM

            TJ, you might like that Road to Roota stuff, includes pretty much everything your talking about, but the outcome is quite a bit more positive.

            Jul 23, 2016 23:48 PM

            Thanks B. Maybe you got something there.

            You guys maybe can run it by me on the forums.

            First I heard of it B.

            Jul 23, 2016 23:01 PM

            Hey, thanks a lot bb. Just started in reading some Bix Weir after reading your post and no, I don’t know anything about it at all but so far it looks pretty interesting. I kind of needed that actually to refresh myself after wading through all the bizarre hostile posts here the past few days.

            Its kind of nice to read a different outlook with a few interesting twists and turns instead of wading through reams of company press releases and the usual crud that foolish Shad keeps shoving down everyone’s throats.

            Let me get into the material a little more first before saying to much about Road to Roota since its all new to me. I will say this though, there is something very odd and at the same time alarming about how many of the long term charts I am looking at lately lead in a single direction.

            What I mean by that is that many support one another in a way I did not expect and the outcomes are less variable than I might have imagined. We will almost certainly have an economic collapse sometime during or after 2018 and the typical family is going to see substantial losses in most of their asset values.

            I recall Martin Armstrong saying that most people stand to lose everything and that might well be true. I don’t know but my best guess is we will roll back the clock on average net worth to the levels last seen in the 1970’s.

            I am talking about average losses of wealth coming in at 25 to 35% which if it happens will utterly devastate most peoples retirement dreams and wipe others out to zero if they are too indebted when the day and time comes.

            Can’t say that I know if a gold standard will return again but life will get pretty difficult for most and the after effects should continue on for years as a devastating deflation in asset values relentlessly withers away most peoples nest eggs year after year as the charts work there way back to their means.

            I could try to channel the spirits on this one for a little insight but my belief is the problem is one of the mortal world and the coming collapse is being orchestrated and managed behind the scenes by just a handful of smart minds.

            The reason is that the same charts I am looking at are available to everyone else and those in the position of power to make change are using the natural rhythm of those charts to bring about the changes that they ultimately want to see.

            It is a little along the lines of “don’t let a good crisis go to waste” but its far more sophisticated than that and more deliberate too. Its why I dread what I think is coming. That is, that commodities are going to take another leg down to levels not seen in 40 years while stock markets soar into a final apocalyptic bubble.

            I still don’t believe we are in a gold bull market. Not at all. And odds are the next bull in precious metals won’t start until 2017 once this bear has finally taken its final bow. Instead, general equities will get all the love in a final wave up that precedes a devastating crash that awaits us at its termination point.

            And I also can’t know the exact sequence of events and neither does anyone else except that the long term charts are all pointing to something very big, very ominous and very worrisome beginning in the next 24 months or so.

            I suspect that when the time arrives there will be an unsettling event in the world that will not be directly related to the economy or stock markets at all but that the event will be the trigger that brings about the great reckoning in financial markets.

            So we should not expect Deutche Bank to be the straw that breaks the camels back or that the Fed will run out of bullets or anything like that. Instead we will get something unexpected out of left field like a Richter 9 Earthquake on the Pacific West Coast that the whole world can later point too and use as an excuse to explain why the system abruptly suffered a major failure.

            I am of course talking about the great asset deflation which is the inevitable winter following many decades of credit expansion and how that unwind will seep into the lives of absolutely everyone whether rich or poor.

            We will get our Jubilee but I kind of doubt anyone will be celebrating. And maybe the gold bull market will arrive with a vengeance and without notice as the banking system of the globe comes unglued for awhile.

            Who knows eh? I just think that the Fed and the worlds major central banks need do nothing more than the keep us all liquid between now and when that unexpected event occurs and that said event must be unrelated to the financial system to be believable as the cause of the crash that must come.

            Because in that world the system cannot be allowed to break because of the banks themselves. There must be another cause to pin blame on and say “see, that’s why the air is really hissing out of the credit gasbag”.

            Like I said….they are looking at the same charts we are. And those charts must resolve themselves before the next growth stage can begin. So they are working within defined parameters and chart mechanics that are rather inevitable while holding the ship together with staples and duct tape until “it” happens.

            Even “they” may not know what “it” is. They just need keep us functional until it comes.

            The trick for the rest of us is to somehow evade the carnage and keep as much of our savings and wealth intact as we cross from this current system and into the next. I doubt most will succeed.

            We need to kind of squint our eyes and peer into the future and keep a very open mind for what’s coming. It will be a Black Swan. It won’t be on the radar and it will be a huge event when i arrives. Like an asteroid or something……. Are we ready though……..?

            I don”t know if that is even possible.

            Jul 23, 2016 23:35 PM

            Here is just one example of a long term chart I am looking at. You know how I often key in on the big picture charts that show an expanding wedge (AKA a megaphone pattern). Well this is one of them and it is alarming as hell because it actually projects a future where earnings fall below zero on the S&P!!!!

            What the hell can that possibly mean? Zero earnings?

            Thing is that megaphones are fairly reliable and easy to chart. This one is called a rising megaphone so it terminates with a crash that falls below the lowest prior low. The next and last leg down therefore takes us into completely unknown territory and as far as I know it has NEVER happened before.

            Judge it for yourself and get back to me if you see anything in it unusual. I don’t think anybody other than myself has ever brought this particular chart to the attention of the community. And I am also quite sure it will elicit the usual garbage responses like a few days ago that I don’t make any contribution of value around here.

            The usual suspects of course (the copy and paste crowd)
            Idiots !!!!! They might pay attention and learn something for a change.

            S&P500 Earnings Per Share — Charted from 1990 to present.
            This is a massive rising megaphone pattern and we are now embarking on the third and final leg down. BEWARE people. The only advances available in stocks from here on out are in stock values themselves but you can pretty much kiss most dividends and positive future earnings goodbye for some years to come.

            Don’t ask me what it really means though. Just expect it to get really bad out there with a whole lot of corporate failures.
            http://www.macrotrends.net/1324/s-p-500-earnings-history

            Jul 23, 2016 23:41 PM

            Sorry but the chart does not post / link with the level of detail I am using. You will have to use the slider bar at the top of the chart to see what I was seeing. Just move it to the year 1990 and you will get the picture instantly.

            its a whole shit moment….i guarantee it.

            Jul 23, 2016 23:04 PM

            The Yellow line (EPS) is the one you need to focus on. The blue line is the S&P.

            Bet you guys never saw this chart before did you?

            And it is the single most worrisome chart I have ever come across in my life. Get out your trusty ruler and then plot an imaginary line across the lows to estimate where it is going and then just ask yourself the same questions I asked…..

            OMG…..What the hell does this really mean???????????

            Because honest to G-D it looks like the end of the world on a pitchfork to me.

            Jul 23, 2016 23:52 PM

            (snore) ZZZZzzzz………

            Please heed your own advice.

            On July 23, 2016 at 7:46 am,
            Birdman says:

            Blah blah blah…..get a blog.

            Jul 23, 2016 23:58 PM

            On July 23, 2016 at 1:21 pm,
            Birdman says:

            “Finally its clear this site is really about entertainment. Everyone is such a bullshitter here. . ”

            (boy there’s the pot calling the kettle black…..)

            “Like I said, we need more Cat-in-the Hat around here (and popcorn too). Bring on Dr Seuss.”

            Here, I’ll post something on your level of intellect since you requested it, and so you’ll spare us your brilliance.
            _______________________________________________________________________

            Dr. Seuss The Cat in the Hat

            https://www.youtube.com/watch?v=4jK6l1WJKUU

            Jul 23, 2016 23:35 PM

            You don’t even know what you are looking at do you Shad? Worse still, you are so arrogant you probably didn’t even try. But you know what? Even Zerohedge doesn’t have that chart. And you have never seen it before either.

            A reader had to come to Ker to see that commentary. Your little snore is just a cover for your genuine lack of insights and understanding about the entire market. And its a cover up to shield your jealousy of anyone who offers original material.

            Take that to the bank Mr Copy-and-paste. We are going to see an epic deflation and your little golden relic is going down with the ship. Sorry to be blunt but I was right all along and I can prove it in visuals just like the ones above.

            Now take a walk you imposter!

            B
            Jul 23, 2016 23:02 PM

            Threads too long.

            Collapse and Systemic Failure at All Levels Coming to U.S.- Dmitry Orlov
            No link sry
            The site is “Club Orlov”

            Your chart looks to me an event about every 8 to 10 years, I believe Bix Weir figures something is going to happen, just as you describe, an event or incident, he doesnt know what it is either. Black Swanish I guess.

            And yes, it looks like alot of wealth could change hands.
            I guess paper can just disapear and digits, physical infrastructure will survive.

            Hard assets, from shoes and shovels to bricks and boats.
            Figure out what you need and might need.

            That timeing your chart shows, interesting, I thought from about 10?yrs ago, 2020 would be the time to own some metal.
            Its looking to be more than that tho, the “preppers” might be closer to understanding.

            Once you see the Road to Roota stuff, you see its actually positive tho.
            If he is right that is.

            Jul 23, 2016 23:29 PM

            Shad/Ex.

            Birdman’s post is fairly accurate and this site needs more
            of the stinking truth.

            Set aside the differences. A calamity is not far fetched.

            Actually, its going to be here sooner than anyone realizes.

            These vendettas need to be gone. Very trivial. Crisis coming etc.

            Jul 23, 2016 23:48 PM

            Agree Jake. A crisis is coming. We need to put our heads together in a more congenial way if we are to grasp exactly what these charts are warning about. I have many others that I have been puzzling over but the analysis keeps coming out the same.

            There is a rather large shit storm on the way and I am not certain I know how it can be navigated. Maybe we all lose and the game is more about trying to just lose the least. It’s no joke though. I am seriously concerned.

            That chart in particular tells us what is going to come is a once in a hundred year event or something really big along those lines. Certainly not a garden variety credit collapse so maybe we should all be seriously planning on a barter system and keeping a backyard hen house.

            Jul 23, 2016 23:12 PM

            Appreciate all the efforts Birdman,

            I had a reply going out earlier regarding all your commentary and the post
            went to cyber heaven. Lost in space.

            Unfortunate, but everyone knows my thoughts anyway and also to encourage
            what your doing because this site lacks transparency with the truth.

            Its really a tragedy what’s taking place in here although contributors don’t need
            to cease and desist their current activities, exception would be to hinder your
            analysis into the future. You are definitely on the right track.

            Couldn’t agree more with all your comments. Too bad that post got lost I attempted
            to send.

            Keep posting all your thoughts. I stand with you all the way. We need someone to
            wise up in here and get the message out. There is a sh%t storm coming and to
            deny it is so very ignorant/foolish.

            I am a lover of the truth. Anything else is suicide.

            Ha — anyway .. tell it like it is — the rest can go home !! IMHO

            Jul 23, 2016 23:37 PM

            Also, your message to Shad/Ex. He should or better listen.

            Paper gold is extremely toxic and even physical will take
            a dump for a short time.

            Very unlikely the bottom is in or we are going to at least
            have a big correction.

            The risks are very high. Everything will be affected.

            Last minute thoughts.

            Jul 23, 2016 23:40 PM

            Yep, you guys got it all figured out….

            B
            Jul 23, 2016 23:09 PM

            Bird, I cant believe you even wonder about a backyard henhouse.
            Of course.
            Land with water, that runs into a pond that has fish.
            A dog or two, everything you can imagine for self sufficiancy.
            Solar power etc
            Whatever your physically capible of.
            Lotsa prepper lists.

            Celentes 3 gs, guns gold and a getaway plan.

            My kids have a rally point, outside the city, it has water ducks chickens yadda yadda

            Jul 24, 2016 24:23 AM

            Shad/Ex.

            Are you aware that Islam is being used to destroy us and The West.

            Do you know who occupies The White House and how lethal/ dangerous
            this is becoming.

            These is so much more and this is by far the most extremely risky times we live in.

            Anyway, I can assure you that there is no blue skies anywhere in sight especially
            for paper gold anything.

            If your listening to the gold analysts and community, you are being mislead. No
            doubt about it. They must pitch gold most of these guys to stay in business.

            They are bias. Hubbert Morris you quote often, has had major losses in the bear
            several years back. Any gold perma bull looks good when things take off.

            I could go on and on. Just don’t get caught in the snare. No one is going to
            protect you. Listening to anyone, can and may cause you major financial
            losses. 98% of PM investors lose money.

            Don’t assume anything in this extremely risky business and now we are about
            to enter a major financial storm. Paper will be toxic. They won’t tell you this.

            Jul 24, 2016 24:20 AM

            Analyze ourselves too. Are we investing and bullish in a sector because we
            believe its going to come through for us promoting most of our financial dreams.

            Possibly counting our chickens before they hatch, so to speak.

            Everyone must suit themselves. Risks become very high when motivations are
            depending on one particular event that we believe that is going to push us to the
            top.

            Developing a love affair is very dangerous to ones financial health. Then people
            end up exponentially frantically insist one particular event will come through.

            Thereby, forcing a square peg, into a round hole.

            The pros are being hyped for gold products/shares. People better start looking at
            the cons, because the list is long.

            Another trading rule. If our eggs are mostly in one basket, you better watch that
            basket. Having a love affair as I said, won’t help matters any.

            Jul 24, 2016 24:19 AM

            The other black swan, we are in a major war cycle and
            civil unrest cycle.

            Everything is converging at the same time with a devastating
            financial collapse.

            Anyone who is unaware of all these perils, will also make fatal
            mistakes with their lives and investments.

            There again, I could go on and on.

            One thing for certain, the cult for gold riches is in full swing.

            And that is leading to a disaster in all this love affair and gold
            dreaming.

            They are so hell bent on it, its frightening ! Even when the risks are high.

            Jul 24, 2016 24:35 AM

            TJ Thanks for the heads up. I know you are doing your best to warn people of the physical and spiritual risks you see in front of us, but you’ve made your point well known now. Everyone has received the message.

            As for black swans, by their very nature, they are unseen catastrophes that shake up the markets, and worrying and dithering over what could happen is not a fruitful exercise.

            It’s very wise for a family to have a preparedness plan in place with the essentials, but after one has that, then why keep rehashing all threats in the world and what could take the human race down the drain? Why not focus on the great ideas, innovations, breakthroughs, and majority of people that wonderful souls? I guess my glass is half full, not half empty. To each their own….

            So Birdman can pat himself on the back (big shock) for this long term megaphone pattern in the chart that is 100% unhelpful for trading this week or next, debate the end of the world coming soon, and you guys can sit around biting your nails and quivering in the darkness together.

            For the sake of the KER show, the sponsors (who are mining companies BTW), and the special guests that spend their time every week to share INVESTING ideas…… please spare us your brilliance on these end of the world doom scenarios. They’re quite boring and won’t many any investors on here a single penny……oh, as for entertainment value…..it’s the worst.

            Jul 24, 2016 24:16 AM

            Shad/Ex.

            I completely disagree with your philosophy regarding the dire conditions the
            world is in. If you saw your house on fire, you would not just sit by and watch
            it burn to the ground.

            Your house is on fire whether you know it or not. All of us are headed into a great
            calamity.

            Regardless, we had our discussion on another thread. If indeed, the topic is disgussed
            or you believe in something else does not limit the board.

            You can ignore whatever does not suit your beliefs and continue to post your own analysis
            etc.

            Just reaffirming and enjoy your day.

            Jul 24, 2016 24:29 AM

            TJ – Disagreeing is fine. Everyone having their own point of view is and always has been fine with me and with most anyone. That has never been the issue, and nobody on here thinks the same way about everything, nor would anyone expect or even enjoy a world where everyone was in perpetual agreement.

            * It is the lack of respect, the insults, the antagonizing, and the crapping all over other people’s posts that is an issue, and has been a chronic issue for years with certain posters.

            — > Need I remind you that this thread was started by a simple exchange with CFS and I about the environment of nuclear energy, the benefits of Beryllium-coated Uranium pellets, and the potential advantages of Thorium powered nuclear plants.

            That wasn’t something Birdman knew anything about so he had to come along and leave one of his bird droppings. He looks for ways to be irritating and that is not a contribution, it’s a detriment to the site. It would have been better if Birdman could just be civil and keep his beak out of other people’s posts if he is not going to contribute in a positive way.

            Eventually this thread turned into an end of the world thread. Again, this is the Korelin ECONOMICS Report, not the Koreline End-Of-The-World Report.

            TJ/HH – I understand your passion to warn everyone, and maybe that was Birdman’s intent with his Megaphone chart about the coming implosion of all things. Those comments are a bit over the top for an investment forum focused on the resource sector. They would also be over the top on any other blog with a different focus like a car racing blog, bird-watching blog, or cooking recipe blog. There are, however, other websites that cater to those discussions that would be far more appropriate than a site focused investing in the resource sector .

            As for ignoring posts and scrolling past them if you aren’t interested, I’ve always advocated such and have to do just that quite often on here to get past much of the blather. If only certain posters could simply scroll past a list of stocks that have been picked to highlight a subsector of miners, or area play, or the weighting & holdings inside a particular ETF….. if they are too lazy to follow up on these ideas or disagree.

            Again, the problem has never been people with differing points of view, it is the appropriateness of the comments relative to investing or the antagonizing, insulting attack posts, that serve no value here.

            I also wish you well TJ and hope you have a great weekend. Keep you chin up man and let’s spend a little more time on the great things humanity does, the innovations, break through, the fact that most people anywhere are kind and love their families, and don’t like conflict. Let’s spend some time on the attitude of gratitude and wish others peace, not stir the waters into a tempest of conflict.

            Cheers!

          Jul 24, 2016 24:07 AM

          Good for uranium!

            Jul 24, 2016 24:23 AM

            You bet. Thanks for a great show this weekend Big Al & Cory. It is appreciated.

        Jul 24, 2016 24:07 AM

        How did you come to the $1400 comclusion, CFS?

    CFS
    Jul 23, 2016 23:48 AM

    Segment 4:
    The general stock market is over-valued by any historical metric.
    The collusion of the Central Banks will allow pumping of economies until something breaks.
    The low interest rates are causing major problems for large commercial banks, compounded by the lack of regulation in derivatives.
    Fairly soon a major bank, possibly DeutscheBank or an Italian bank will fail.
    I am not sure whether the system will allow that bank to fail, because such a failure might collapse the whole system. The reaction of the colluding central banks is hard to determine; what new behavior, beyond more liquidity injection is hard even guess, but the Central Banks will do everything they can to prevent any systemic Collapse for much longer than most expect.

    CFS
    Jul 23, 2016 23:55 AM

    Segment 5:
    Great reason to force the exercise of warrants.
    Now when will FPRGF move from the greys to pink? It is hard for Americans to support the company!

    CFS
    Jul 23, 2016 23:02 AM

    Segment 6:
    This shareholder appreciates your mode of financing, Mr. Pontius, and anticipate good results. Best of luck drilling.

    CFS
    Jul 23, 2016 23:16 AM

    Segment 7:
    There are no free markets any more.
    The ultimate conclusion of this situation has two possibilities:
    1. Collapse.
    2. A Japan market continuation, until Central Banks or countries own almost everything?
    In Japan I hear the Central Bank now owns one-third of all stocks and most bonds.
    As long as no one Central Bank breaks rank, this can continue indefinitely.
    But what stupidity is it for the US to put power in the hands of the Chinese or the Russians?
    Does the US seriously believe that it won’t have to back down in future potential conflicts or face the dollar being broken?

      Jul 23, 2016 23:59 AM

      What is freedom? Could it be a market place governed by those who punish rebellion, murder, adultery, stealing and lying? Could it be a market place governed by the Ten Commandments? If you are not governed by the Ten Commandments, you can not be for free markets. Free governments and free markets are based on self-government. Though there are many proofs, our history proves this to be the case.

    CFS
    Jul 23, 2016 23:26 AM

    Mr. Trump has great sound bites, but no clue as to how to produce what he talks about, IMHO.
    I hope he hires good advisers, because he repeatedly demonstrates his economic ignorance.
    I’m not sure further empowering Reince Preibus was a good idea. He is the Republican establishment, which is known to be corrupt with crony capitalism.
    With the alternative being a Marxist Alinskyite, what choice does that gives us.
    Marxism or Crony Capitalist Facism? A pox on both your houses, wish I.!

    CFS
    Jul 23, 2016 23:27 AM

    Great show guys!

    CFS
    Jul 23, 2016 23:34 AM
      CFS
      Jul 23, 2016 23:10 AM

      The full Republican Platform may be found at:

      https://prod-static-ngop-pbl.s3.amazonaws.com/media/documents/DRAFT_12_FINAL%5B1%5D-ben_1468872234.pdf

      The democrat platform is not yet finalized, but it tentatively full of taxes and regulation increases from the EPA.
      I WILL POST THE LINK AFTER THE CONVENTION NEXT WEEK.

        Jul 23, 2016 23:14 AM

        Link didn’t work for me.

          CFS
          Jul 23, 2016 23:35 AM

          I’ll try and find another!

            CFS
            Jul 23, 2016 23:42 AM

            https://prod-static-ngop-pbl.s3.amazonaws.com/media/documents/DRAFT_12_FINAL%5B1%5D-ben_1468872234.pdf

            Is the link that is on the GOP website and it clicks through.

            Google “Republican Party platform 2016” gets you to GOP.gov website and a few inches down is a link to the full text of the platform.

            CFS
            Jul 23, 2016 23:49 AM

            The really scary thing about both major party platforms is that they both promise all kinds of spending, totally without any restraint.

            They seem both insane…….guaranteed impossible, because of the debt load and pending problem already with Medicare and social security.

      Jul 23, 2016 23:35 PM

      Good show by Jim and John. thanks for posting

    Jul 23, 2016 23:06 AM

    The World’s Top 40 Mining Companies
    Here’s a look at the world’s top 40 mining companies, as per PwC’s latest report.
    Teresa Matich • July 21, 2016

    http://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/the-worlds-top-40-mining-companies/?nameplate_category=Daily

    Jul 23, 2016 23:09 AM

    Gold’s Correction: Key Technical Highlights

    Gold & Silver Bullion – Super Force Precious Metals Video Analysis
    Morris Hubbartt – posted Jul 21, 2016

    https://superforcesignals.com/video/2016july21gold/2016july21gold.html

    CFS
    Jul 23, 2016 23:19 AM

    That works, thanks

    Jul 23, 2016 23:43 AM

    The Almighty Dollar Reigns As Oil And Gold Fall
    July 22, 2016 – Weekend VIDEO technical analysis by Gary Wagner

    http://thegoldforecast.com/video/almighty-dollar-reigns-oil-and-gold-fall

    Jul 23, 2016 23:55 AM

    Theralase disappoints again

    B
    Jul 23, 2016 23:28 AM

    If Theralase cures a cancer the shareprice goes thru the roof, until then, it will probobly flounder.

      Jul 23, 2016 23:12 AM

      The CEO was supposed to be on today’ show.
      I own lots of shares.

    joe
    Jul 23, 2016 23:18 AM

    Company Reports – Tue 19 Jul, 2016
    Posted by:
    C Fleck
    Clinical and Scientific Research Reports for Theralase

    Al and I recently meet up with Roger when he was passing through Vancouver and had a great chat. In the conversation Roger pointed us to a slide in his recent presentation that outlines a number of research reports that have been published in medical journals. Below is a list and links to these reports. I highly recommend reading over these reports, if you have not already done so, to better understand and build confidence in what Roger and his team is building.

    We will also be having Roger join us on the weekend show for another update. Please email us your questions and we will do our best to address them in the interview.

    So, where is the interview? Bunch of BS.

    Jul 23, 2016 23:47 AM

    Storage facilities are a changing.

    A Device the Size of a Postage Stamp Could Store Every Book in Existence

    https://www.armstrongeconomics.com/markets-by-sector/technology/every-book-ever-written-can-be-stored-on-a-postage-stamp-size-device/

    CFS
    Jul 23, 2016 23:27 AM

    Gary Wagner’s thoughts were interesting. How can one be contrarian when there’s agreement?
    Usually there’s some news event that triggers changes in prices, slopes and volumes.
    I know Yellen is a staunch Democrat, but also recognize she must be dirtying her panties with worry that she knows she has overstimulated to the point of getting negligible bang for extra bucks at this point.
    She knows she absolutely cannot raise interest rates, but will she mistakenly overemphasize talking about raising rates at the next FOMC meeting next week?
    If so, that could be a trigger to stop the correction in gold in around the low $1300s, in line with Wagner chart work. I don’t, but see resistance around $1310, with selling volume dropping off in the last few days, combined with very good strength in palladium, and good strength in platinum, there is potential for gold to go up. Silver is showing continued weakness compared to gold at this moment, but I don’t know if that is real, because the open interest on the COMEX implies that it will be hit as hard as they can. All markets are manipulated nowadays and I just don’t know how far the manipulation so can go in silver. It is probable that mining shares could continue up, diverging temporarily from the metal prices, as volume really dropped off in many mining shares having slight falls.
    Possibly the Doc will be correct and we have a buying opportunity for a month or more, but volume seems to be saying it will be shorter.
    So it’s time to look at Excelsior’s extensive lists and see which seem to be the best buys!
    I also note that the heat in the Midwest seems to be causing Ag stocks to rise, so there will be opportunities over there in the coming weeks.

      Jul 23, 2016 23:35 AM

      Thanks CFS.

      B
      Jul 23, 2016 23:48 AM

      Silver Eagles are 2.49 over spot, junk is 1.49 over spot and the other day, rounds were .49 cents over spot. Didnt see the ad today tho.

      There is alot of silver around.

      I have no idea what the herd will do, but supply and demand looks like silver is coming down in price.

        CFS
        Jul 23, 2016 23:33 AM

        At least until 7/26 I agree, B

        B
        Jul 23, 2016 23:25 PM

        I forgot to mention, Eagle alocation from the mint has ended as well indicating a drop in demand or supply increased.

        Thinking back about it, I am not aware of a silver shortage at any time in my life, even in 1980 when the Hunts were attempting to “corner” the market I had customers paying with silver change.
        I recall as I would take it from the tills and put it in a jar.
        I had no idea people were paying as much as they were for it until a customer told me.
        My point of course is even then there was enough around to be in people pockets.

    B
    Jul 23, 2016 23:41 AM

    Gold – Be Afraid, Be Very Afraid! Silver Doc

    I know some people like GLD, its not just paper, its drugs, money laundering and financing undesirables.
    Another one I wouldnt touch, maybe once others find out more about it they may have a change in thinking.

    Dave Kranzler and I just finished an extensive breakdown of the GLD and SLV ETF funds – you can listen HERE. These frauds have zero accounting and zero oversight. Most people do not know or understand this. JPMorgan Bank was just assigned as a “sub custodian” to HSBC who is the primary custodian of GLD. It just so happens that JPMorgan is the primary custodian for the SLV ETF fund. Needless to say both of these crime syndicates have been “fined” on numerous occasions for market rigging, drug money laundering and HSBC has been fined a second time for funding terrorist organizations. How much do you trust a company that funds terrorist or launders drug money? You know, the drugs that have wreaked havoc on your family or yourself. HSBC has been fined for aiding and abiding these drug dealers to deliver drugs to your neighborhood. So, remind me again who is conducting “shady sales practices“?

    Jul 23, 2016 23:20 AM
    CFS
    Jul 23, 2016 23:28 AM

    OFF TOPIC
    For what it’s worth.
    http://www.zerohedge.com/news/2016-07-23/mystery-over-munich-shooters-motive-no-connection-isis
    Unconfirmed. A male was in the toilet at McDonalds, when the Munich terrorist unpacked his backpack and the girlfriend on the phone claims she heard the standard “Allahu Akbah” as the terrorist came out shooting.
    Two independent people say there were 3 dusky skinned men with rifles also involved, but that should be confirmable from bullets from autopsies. It just smells a bit of coverup to me, to keep the populace calm! But time will tell.

    What is undeniable is the tragically young age of many of the innocent victims.
    My heart goes out to their families that will be scarred for life.

    Jul 23, 2016 23:51 AM

    Well Duh! Somebody actually likes Donald Trump, is that what I’m hearing, that is so amazing! DT

      Jul 23, 2016 23:53 AM

      I can’t believe what Big Al, Glen Downs, and Cory are saying!

        Jul 23, 2016 23:59 AM

        Trump may be no hope at all but it is all we little people have. We all know where Shillary will take us.

          Jul 23, 2016 23:50 AM

          Agreed Ebolan. The election will hinge on not who we like the best but on who we dislike the most.

            Jul 23, 2016 23:30 PM

            Dai Uy, What I dislike the most are people that say they don’t like a certain candidate but can’t back their thinking up with logical rational thinking and then jump on the appropriate bandwagon at the last moment. DT

      Jul 23, 2016 23:42 AM

      Trump’s wall just might work. Over 2000 years ago, China built a border wall and as everyone knows, there are no Mexicans in China !

        DC
        Jul 24, 2016 24:15 AM

        Dai Uy — LOL!

        Jul 24, 2016 24:09 AM

        Thanks for the humor, which isn’t ubiquitous on this site.

    Jul 23, 2016 23:07 AM

    This is probably the most important chart in the world. What it says is that LIBOR went below treasury rates very briefly. The Fed is probably wrong to insist on higher rates because the TED spread can go negative. This is as strong an indicator that you can get that relies on interest rates for the reasons for long term capital preservation, and the reason why gold demand in the investment world has taken a leap:

    http://schrts.co/Fn2srE

    CFS
    Jul 23, 2016 23:07 PM

    Unbelievable both ends of the west coast fault line give way today!
    Not big quakes, but it brings the big one closer.

    …………,,,,,,…..MAG DEPTH. km DIST. km (Other info location)
    23-JUL-2016 09:59:00 58.56 -156.56 5.7 204 0 ALASKA PENINSULA
    23-JUN-2016 22:01:50 18.37 -104.45 5.4 10 405 NEAR COAST OF JALISCO, MEXICO

    CFS
    Jul 23, 2016 23:13 PM

    5.7 and 5.4 earthquakes happen every few months, but there was another one in the Japan islands also. San Francisco is overdue by a decade. With my luck recently, I’ll have sold my Indiana home and moved there when it happens!
    But New Madrid fault in Indiana, which rang the bells in
    Philadelphia is also overdue by a decade, so with luck I’ll be moved when that happens!

    Jul 23, 2016 23:31 PM

    Agreed CFS. I have a place on Washington State’s West (Left) side at sea level. A big one predicted some time in the next 50 years according to Big Al’s alma mater. But all the Tsunami warning signs give me comfort. If and when the big one hits anytime 24-7, I figure that I’ll have 10-15 minutes to get to higher ground………………………

    Jul 23, 2016 23:34 PM
    CFS
    Jul 23, 2016 23:46 PM
    CFS
    Jul 23, 2016 23:50 PM

    Research out of Perth, Australia on Central Bank manipulation of gold pricing:

    http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2326606

    CFS
    Jul 23, 2016 23:56 PM
    CFS
    Jul 23, 2016 23:05 PM
    CFS
    Jul 23, 2016 23:14 PM

    Breaking News:
    France is turning up the screws on England over Brexit.

    France is imposing pedantic scrutiny of passports, etc. in order to teach the UK a lesson about Brexit.
    Tail-backs of up to 10 hours exist this weekend at ferry ports, because of the French action.

    The French response: reconsider Brexit because this is what it is going to be like.

    My response would be: there are hundreds of great English cheeses and even a few good wines, and lots of good American wines!

    CFS
    Jul 23, 2016 23:32 PM

    The BBC used to be a reliable source for news.

    http://www.breitbart.com/london/2016/07/23/bbc-scrubs-muslim-name-ali-munich-killer-article/

    Clearly no longer trustworthy.

    B
    Jul 23, 2016 23:44 PM

    Chris Martinson was at the Freedom Fest.
    Might have been interesting to get a comment or two about that.

    Jul 23, 2016 23:46 PM

    I am going to say this no matter what, when it comes to politics and understanding what has been transpiring in The US, Big Al, Glen Downs, Jeff Deist, are thick as bricks, they couldn’t see what is happening in their own country and that saddens me, sure they saw the decline of America but they never understood how the people felt and why Trump is so important today. Only now are they coming to grips with the reality that the trap door is closing fast. All three kept saying we don’t understand Trump’s appeal, after all their friends didn’t like Trump but they never bothered to look beyond the sheets. Now they are finally putting on some glasses. DT

      Jul 23, 2016 23:30 PM

      Agree DT..all my friends like Trump and we all understand why he has such appeal..my friends include stock brokers, brick layers, attorneys and doctors. All agree with Trump..I don’t understand the polls..Clinton should not be as close as she is..maybe it will be another Reagan type election..Reagan was behind the day prior to the election and ended up winning in a landslide…can always hope…

        Jul 23, 2016 23:38 PM

        Thanks, Gator. DT

          Jul 23, 2016 23:47 PM

          DT…Gator. I agree with the pair of you.
          Could Trump be a good thing for the people of America…I hope so.
          Hillary…Well I would fear for the people of America , & the people in the rest of the world. I say give the man a chance, & see what happens. Give Hillary a chance & we already know what happens.

            Jul 23, 2016 23:01 PM

            Thus far, all of Trumps opposition have been exposed. Look at Cruz, after falling on his sword at the convention, his political career is over. Trump speaks the truth and it resonates. That’s why he will win, and win big!

            B
            Jul 24, 2016 24:33 AM

            Its amasing to watch Trump, just about everything he says is a lie.
            The Daily show took apart a speech of his and point by point, line by line, all lies.
            Totally funny, a total liar, 100% better than Hillory.
            Lets hope the “I can work with Putin” is true at least.

      CFS
      Jul 23, 2016 23:58 PM

      I,for one, totally understand Trumps appeal, but feel it is sad that the showman has illustrated ignorance about tariffs and free trade.
      If he thinks imposing taxes to restrict the freedom of international companies to seek the cheapest labor and most profit, will succeed in increasing jobs in America then Trump does not understand economics in this day and age.
      He is right about the need to reduce corporate tax to make American firms produce more jobs in America, but he is wrong about increasing welfare benefits, with the current debt problem and deficit problem. What America needs, but what the public is past accepting, is a reduction in Government largesse. The Government actually produces little; it merely redistributes. Trump’s ideas just don’t add up towards balancing budgets. The US continues to dig a hole under Trump’s agenda and even worse under Hillary’s.
      Hillary is getting disproportional female support, plus the usual Democratic minority support, so I understand why Trump has to promise goodies.

        Jul 23, 2016 23:30 PM

        CFS, if you can’t figure that a businessman like Trump knows the government is bloated, when he must run a business or go bankrupt, I can’t say anymore. DT

          CFS
          Jul 23, 2016 23:32 PM

          But Trump has bankrupted his businesses several times, so your point is ???

            Jul 23, 2016 23:24 PM

            That should only strengthen my case that you can’t figure it out, CFS.

            CFS
            Jul 23, 2016 23:06 PM

            You seem to think Trump is some great businessman!

            But in 1974, thanks to his father, he was worth $40 million.
            So was Warren Buffet. Buffet is now worth about 20 times what Trump is!
            In fact, if Trump had just taken his money and invested in the S&P index, with dividend reinvestment, he would now be wealthier.
            Some “businessman”

            Remember Trump Shuttle? Failed after 3 years, defaulted on debts.
            Remember Trump Vodka, bankrupt 2011
            Remember Trump Entertainment Resorts with 3 casinos in Atlantic City? Filed for bankruptcy protection 3 times in 6 years before going belly up in 2014.
            Remover Trump Magazine? Failed after 18 months.
            Remember Trump Steaks or Trump Steakhouse in Las Vegas, both businesses failed.
            Remember Trump University 2005-2012 bankrupt, currently being sued by NY Attorney General for $40 million for fraud.
            Remember Trump Mortgage, 2006-8. Failed.
            Trump so far has stiffed banks and bond holder to the tune of about $ 6 billion.
            Some great businessman.
            He is a showman, not a good businessman.

            Even his great one success, Trump Tower, only came about because he used influence and eminent domain to screw some elderly people out of their lifetime homes.
            Sure he offered one old lady a million dollars which she refused, and then got the NY City to use eminent domain and screw her out of $780,000, in compensation.
            Good business, but his morals stink, IMHO.
            WHAT DID I NOT UNDERSTAND ABOUT YOUR POINT, DT?

            Jul 23, 2016 23:32 PM

            CFS,
            Most of those businesses went bankrupt because of market conditions. Some were just bad choices. But there is a very large list of his successes. And since you never saw Ted for what he really is, a fraud. I would just say you are trying to fit a square peg in a round hole..

    Jul 23, 2016 23:47 PM

    Why is it that today the average financed new car is on its third or fourth set of tires before it is paid off?
    Below is a interesting link to a New America presentation on debt and crisis.
    It is not just what one might think at first blush a dissertation on stating the obvious.
    Worth the time investment:
    https://www.youtube.com/watch?v=nhidCNTbhs8

      CFS
      Jul 23, 2016 23:02 PM

      Chartster, some of Trump’s failures were due to business conditions, many were not.

      Some, to me, anyway, appear to fail because Trump got bored with the business or simply made stupid decisions.
      His only great business ability seems to be in his ability to know when a business is about to fail and pay himself an extra large salary before it fails, so he can walk away without major personal loss.

        CFS
        Jul 23, 2016 23:48 PM

        Did you know Trump registered as a member of the Reform Party, 1999.
        Democrat 2001
        Republican 2009
        No party affiliation 2010
        Republican 2012

        He is against Obamacare, but favors universal healthcare, even has stated Healthcare is a birthright.

        He has a New York gun license and owns two pistols.

        In 2008 praised Obama, calling him a strong leader.
        2010 said Obama was “doing a great job”
        Then in 2010 became anti-Obama.
        Trump has advocated a one-off wealth tax of 14.25% of all wealth over 10 million dollars.
        (A bit of a Constitution problem with that, it seems to me)
        He says he is free trade, but wants high tariffs against China and Mexico.
        He claims to be Republican, but has made large political contributions in the last decade to Harry Reid, Nancy Pelosi and Hillary Clinton.
        I would never, ever vote for Hillary, but it appears to me Trump is a flake, who changes his mind almost as often as his underwear.

    CFS
    Jul 23, 2016 23:31 PM

    Debt is not a “cause”, but a symptom of the problem.
    Also a predictor.
    The cause is failure of Congress to regulate and control debt.
    Because it chooses to overspend, Congress is forced to keep interest rates too low.

    Interest rates too, encourages more personal debt, because the carrying cost is reduced.

    As personal debt increases, the spending of the general public wanes and so Congress pumps money into the economy to make it look like the economy is still doing well.
    Goverment deficit spending increases means interest rates have to be kept low.

    Monetary stimulus is and was NEVER a long term solution. Even Keynes knew that.

      Jul 23, 2016 23:39 PM

      “Debt is not a “cause”, but a symptom of the problem.”

      Debt is both the cause and the symptom.

        CFS
        Jul 23, 2016 23:14 PM

        Debt is created because banks have no moral hazard.
        The cause is a problem with regulators.
        Just as the COMEX is allowed to sell infinite paper gold or silver.
        Regulator problem.

        How many people want to jail for mis-selling mortgages, compared to the Savings and loan crisis of 30 or so years ago?

          Jul 23, 2016 23:18 PM

          The Savings & Loan crisis was a completely different animal and occurred under the “regulation” of Glass Steagall.
          My simple point is…..When money is debt then debt is the problem.
          When money is debt is a necessity to have a perpetual fetish for economic growth.
          The only way I may agree with you as far as regulation being the problem is it was Congress that abdicated its monetary authority to the Fed. In that respect it is a regulatory problem.
          Today since money is debt….we have a perpetual debt problem.
          It is all debt!
          You have to grow or the debt based money destroys itself

            CFS
            Jul 24, 2016 24:34 AM

            As long as populations grow, it is necessary to have economic growth or standard of living will decline.

          GH
          Jul 25, 2016 25:04 PM

          Proximate vs ultimate causes…

          Rather than the regulators, maybe it’s the apathy of the general public? But then the apathy springs from ignorance, which has been instilled by TPTB, if you believe John Taylor Gatto’s views as expressed in his 5-hour ‘ultimate history lesson’ (it’s on youtube), and Norman Dodd as interviewed by G. Edward Griffin (also on youtube).

    Jul 23, 2016 23:19 PM

    Germany is taking a hard look at renewable energy.

    How Renewable Energy Is Blowing Climate Change Efforts Off Course

    Is the global effort to combat climate change, painstakingly agreed to in Paris seven months ago, already going off the rails? Germany, Europe’s champion for renewable energy, seems to be having second thoughts about its ambitious push to ramp up its use of renewable fuels for power generation.

    Hoping to slow the burst of new renewable energy on its grid, the country eliminated an open-ended subsidy for solar and wind power and put a ceiling on additional renewable capacity.

    http://www.nytimes.com/2016/07/20/business/energy-environment/how-renewable-energy-is-blowing-climate-change-efforts-off-course.html?_r=0

      Jul 23, 2016 23:12 PM

      That was an interesting article Markedtofuture. The renewable energy growth is having unintended consequences on other forms of power, where they mentioned Germany is keeping the coal-fired plants on standby for when there are interruptions in the wind & solar imputs.

      The article also got into how renewable energy sources were getting so many subsidies that it was impacting the cost effectiveness of nuclear power. I thought this was interesting when they discussed turning those subsidies around a bit in this passage from the article:

      “…nuclear energy, the industry’s woes “could be remedied by subsidies substantially smaller than those routinely given to renewables.” The federal production tax credit for wind farms, for instance, is worth $23 per megawatt-hour, which is more than the amount that nuclear generators would need to break even.”

      Lastly they discussed the cheap price of nat gas, and these echoes some of the points John Kaiser was making in his editorial on this weekend KER show.

      Good stuff and thanks for the post.

        Jul 23, 2016 23:14 PM

        imputs = inputs

        these = this

          Jul 24, 2016 24:23 AM

          Garbage in —– Garbage out.

          There. Fixed it for you.

            Jul 24, 2016 24:51 AM

            I’m not sure…you post was still just a bunch of garbage like usual Birdman.

            Why don’t you wander back up to the top of the blog and continue your end of the world discussion with TJ/HH and your toadie b. Let’s leave the more intellectual discussions for people with a brain.

            You can pat yourself on the back for this long term megaphone pattern in the chart that is 100% unhelpful for trading this week or next, debate the end of the world coming soon, and sit around biting your nails and quivering in the darkness together.

            I’m here for investing ideas, and have shared hundreds of “original” charts only found on the KER (since authenticity is apparently so important to you). So have tons of other posters over the years. Matthew, Brian, Gabriel, CFS, FranSix, Glenfidish, Marty, and so many other have shared unique and original charts all the time.

            Yes, I often cut and paste press releases or articles because I didn’t write them Einstein, but they are relevant to those companies, and for investors that are monitoring those stocks they can represent huge opportunities. If you had any clue you’d know just in the last few months we’ve cut and pasted the details of several mergers where there were arbitrages that investors could scalp a nice profit on. Sometimes the articles are about production results, or mergers, or asset sales, etc…. Now if you only come on here to be a blow hard like you and TJ and you don’t actually invest in mining companies, then yeah, I could see where they wouldn’t represent any value.

            Other investors on the KER, are actually in and out of the markets, are interested in mining companies (that’s kinda what the blog for investing in resource companies is all about), and these savvy or novice investors actually have a clue and apprecitation. My posts are for them. Birdman, B, and TJ, I wouldn’t post at all and cast my pearls before swine……

            Cheerio garbage man…..

            Jul 24, 2016 24:28 AM

            Shad/Ex.

            I’m not investing in them because I don’t believe in them.

            PERIOD !!!

            Long term and maybe short term, they are your dream.

            NOT MINE : I’m not ______ bag holder !

            Gold is not in a bull.

            I resent you calling me out like that !!!

            I said physical gold only.

            I DON’T HAVE TO LIKE YOUR FOOLS GOLD !!! OKAY

            YOUR NOTHING BUT A FUTURE BAG HOLDER !!

            So get that through your thick head.

            KNOCK IT OFF !!!

            Your nothing but a wannabe dreamer !!!

            Paper is toxic. Prove it isn’t.

            All a stupid dream !!!

            Jul 24, 2016 24:43 AM

            Furthermore Shad/Ex.

            All your analysts like Morris Hubbert is a big dud. He’s lost
            fortunes for people over the years. I never said anything but
            I am now.

            All your gold shares when the market collapses will all be duds
            too.

            Keep dreaming Shad about paper fools gold.

            WHAT COMES NEXT IS NOT PROSPERITY FOR GOLD SHARES.

            All you have is past performance as your analysis for big bull
            market and listening to duds.

            Tell me about the future with these inflation hedges in
            paper and prove its going to be a lucrative investment.

            Past performance I’m already aware of.

            TELL ME MORE SHAD ???

            You sure are overly confident of yourself this sector is going to make
            you rich.

            ONLY A ROOKIE WOULD BELIEVE THAT !!!

            Jul 24, 2016 24:49 AM

            I’m pretty happy being up over 400% in my mining positions so far this year, and posted as much information as I could on opportunities for share price appreciation, quality companies with a great trajectory for the mid-term, original charts comparing companies, thoughts on technical analysis, press releases, and related articles.

            You can buy a lot of food preparedness kits,guns, and gold with those kinds of returns. I invite you to try it sometime. 🙂

            Jul 24, 2016 24:58 AM

            Shad/Ex.

            Your full of bloated hot air. I specifically told you
            not to mention past performance and there’s your
            BIG DUD !!! Right there staring you in the face.

            You are only in this sector because of overwhelming greed.

            Thats all you got. Just a wannabe dream.

            From here. Again, the past has nothing to do with
            the future unless your a rookie.

            Tell me more Shad ??

            Right now its just a fantasy of yours.

            ALL IT IS !!!

            Jul 24, 2016 24:12 AM

            TJ/HH – I have no interest in furthering this discussion with you – it is fruitless.

            Maybe you can toddle on back up to the top of the blog and hang with the doom squad Birdman and his toadie B. Remember, Birdman was the one that was so vocal in having your removed last time and hated your guts. I stood up for you in the past when you were HH, for your right to express yourself, just like I stood up for Franky in the past. It is now clear to me that there should be certain parameters on a blog so people don’t crap all over other people’s posts with nonsensical mumbo jumbo.

            It is the Korelin ECONOMIC Report……. and not the Korelin END-OF-THE-WORLD Report.

            Please go find wherever Franky is posting and join him there, and if you don’t mind, take Birdman & his toadie with you.

            Thanks Pal.

            Jul 24, 2016 24:13 AM

            Shad/Ex.

            You can continue to believe whatever you want.

            I will, at least believe what I want.

            The posts will continue with opinions and we shall all
            make our commentaries based on that.

            Fair enough !!

            Jul 24, 2016 24:18 AM

            fair enough. Have a good rest of the weekend.

            Jul 24, 2016 24:22 AM

            Shad/Ex.

            All of what you say is irrelevant.

            You sound like a old screaming nanny.

            STOP STOP STOP !!!

            If you don’t like the world view’s and how it is very much
            dire, that’s not for you to decide.

            STOP — screaming like an Old Nanny !!

            One thing we don’t need in here is a screaming old nanny
            like you Shad.

            Learn to live together in here and don’t try and control
            everything. You will be fine.

            Go about your business and stop the nanny crap !!

            Jul 24, 2016 24:23 AM

            Sorry, Shad/Ex. Please disregard the post above
            then.

            Enjoy your day. No hard feelings.

            Jul 24, 2016 24:25 AM

            you’re the one using all caps and a million explanation points pal.

            Again, Like I said – Have a good weekend man! (listen to your Nanny now…..)

            Jul 24, 2016 24:25 AM

            Never saw your post.

            Anyway, lets all be cool.

            Jul 24, 2016 24:36 AM

            “Stay Frosty”

            Jul 24, 2016 24:38 AM

            Okay, you too.

            Jul 24, 2016 24:42 AM

            🙂

            Jul 24, 2016 24:52 AM

            I don’t do happy faces anymore.

            The “Good Will” is appreciated
            and respected any time two
            parties can set aside differences.

            Jul 24, 2016 24:57 AM

            Agreed.

    Jul 23, 2016 23:04 PM

    I know this is off radar, but I’ve been looking into this topic over the weekend. UK has 225 or so, nuclear weapons, basically enough to destroy the world, US and Russia have 6,000 each, well certainly enough to destroy the world…I’m not a build yourself a bunker person, but i’m just getting a bit nervous, i feel things are getting very unstable and a bit out of control…does anyone get the same sensation…maybe its just me

      Jul 23, 2016 23:51 PM

      Nigel,
      Anyone that does not share your fear does not understand the circumstance.
      Dennis

        Jul 24, 2016 24:55 PM

        Hi Dennis, just feel the world is drifting in a sort of WW1 way

      CFS
      Jul 23, 2016 23:53 PM

      Nigel,
      Have they decided to replace their 4 nuclear subs yet, or are they going to wait to see if Scotland goes independent?

        Jul 24, 2016 24:53 PM

        Hi CFS, yes they have agreed to replace the four subs at a cost (I think £32 billion) I think that sounds like an expensive option but I guess it keeps the shipyards in business. Who knows how Scotland will turn, I’m not sure we have a shipyard in England that can build them, maybe Newcastle Upon Tyne???

    CFS
    Jul 23, 2016 23:37 PM

    I share your concerns, but believe Putin to be a rational person, even if he is ex-KGB.

    I have trust in the American industrial complex.
    I remember well the Cuban missile Crisis.

    CFS
    Jul 23, 2016 23:42 PM

    Sarcasm did not work there. Let me clarify. I expect a stand-off, rather than a confrontation. With each side probing and goading, but no hot war.

    I am more worried about a few years from now when China is more powerful.

    Jul 23, 2016 23:01 PM

    Some “Brain Candy” from 2013 PBS…..how did I miss this for 3 years?
    https://www.youtube.com/watch?v=w9ms2WOZi74

    Part 1 of at least 3

      DC
      Jul 24, 2016 24:32 AM

      DM O’Neil — terrific PBS docu video, thanks for sharing the link!

        CFS
        Jul 24, 2016 24:36 AM

        https://m.youtube.com/watch?v=N9pn3iQU02w
        Is part 2.

        This tells the lesson that central control does not work.
        (Too much regulation, lack of incentive)

          CFS
          Jul 24, 2016 24:41 AM

          https://m.youtube.com/watch?v=vYf6gn_x-Zk
          Is part 3.
          Tells the story of globalization.
          (and the problem of terror, but not fully)

            CFS
            Jul 24, 2016 24:19 AM

            What the excellent series misses from my point of view is full economic theory.
            Yes, capitalism is the best system.
            Hayek was right, but failed to take into consideration the effect of democratic (small d) politicians.
            Keynes was right, but not totally, again failing to take into consideration the effect of democratic politicians.

            Free market capitalism is always ore efficient than central control.
            Government spending is necessary to smooth the boom-bust variations which tend to develop.
            But government spending is always inefficient and wasteful; it is necessary in recessionary times, but MUST be reduced in boom times.

            Socialism is necessary to the extent that governments should set a minimum standard below which citizens cannot fall.
            The problem is balance, because social government spending is not efficient, and produces a drag on the economy.
            In a democracy, however, politicians want to get re-elected and thus tend to overspend. Thus the drag on the economy tends to be too much and reduces growth.

            With current monetary policy, with interest rates kept artificially low, the value or price of money discovery is totally destroyed. Money moves inefficiently and useless bubbles are blown.
            Open market economics can work, but not without some regulation.
            The problem is that democratically-elected politicians tend to be lawyers not good economists. They like to spend money during recessionary times, but will not reduce spending during boom times.
            The consequence of this is not to smooth the boom-bust fluctuations, but to increase volatility.

            Globalism can work by tapping into cheaper labor, and creating wealth using that labor.
            It does not necessarily imply that jobs have to be lost in the US, but the US government cannot compete by reducing efficiency by ever increasing the drag on the economy caused by regulations and government spending; that will grantee further loss of jobs in the US.

          DC
          Jul 24, 2016 24:41 AM

          Thanks again, DMO! I’ve now “watch later” listed the other episodes. I found them in the right sidebar on YT. ~DC

            DC
            Jul 24, 2016 24:46 AM

            DMO re: your thoughts at 9:19AM
            Very well said, and I agree completely.

    AJ
    Jul 24, 2016 24:31 AM
      Jul 24, 2016 24:29 AM

      is anyone fit to be president?

      CFS
      Jul 24, 2016 24:24 AM

      But the unindicted crook Hillary will be worse.
      She knows little about economics, lots about how to get away with bribery and corruption.

    Jul 24, 2016 24:29 AM

    who is in the dow 40,000 camp?

    Jul 24, 2016 24:53 AM

    DNC chair won’t speak at Dem convention following Wikileaks fallout

    The DNC was rigging the election in favor of Clinton?

    http://www.cnn.com/2016/07/22/politics/dnc-wikileaks-emails/

    Jul 24, 2016 24:35 AM

    CLINTON CASH OFFICIAL DOCUMENTARY MOVIE ( FULL )

    https://www.youtube.com/watch?v=7LYRUOd_QoM

    Jul 24, 2016 24:14 AM

    Trader Jake – you sound like someone who completely missed this gold run up from the low and doing a slow burn that you can’t get over. Even sounds like you went short gold and got burned badly. People who are always right and never wrong, and become wrong, can’t handle it.

    Jul 24, 2016 24:02 AM

    Its very clear. This does not pertain to anyone specific.

    This board is over crowded with cult behavior and
    a passion love affair that inflation hedges will be a
    spectacular future investment.

    All based on wild speculation that past performance
    is the holy grail in paper gold especially.

    The whole scheme is headed for a fatal miscalculation
    and error.

    If you touch their idols, watch out, their dreams are real.

    Their whole lives are counting on it and wake up everyday
    living for it. Thats all they live for.

    LAST ONE OUT, PLEASE TURN OUT THE LIGHTS.

    THE LIGHTS ARE GOING OUT REGARDLESS. !!!

    Its all doomed.

      Jul 24, 2016 24:09 AM

      Incidently, never have I seen a train so crowded and
      wildly bullish.

      Especially in paper gold. A fatal accident waiting to
      happen.

      I GUARANTEE IT. !!!

    Jul 24, 2016 24:54 AM

    As far as calamities go. Thats all ready in the pipeline.

    It will be unleashed. What form, its tough to speculate.

    However, it will shake all our lives and displace them
    as well.

    And yes, it might be dire. Just staying alive.

    COUNT ON THAT TOO !!! if your wise, you will listen.

    Otherwise, you live by fate and hopes.

    Thats no way to live. Called gambling.

    Broken dreams. You signed up for it. !!!

    Jul 24, 2016 24:12 AM

    We are and in a major war cycle. We are building up
    for a major war. It’s all around and obvious unless
    your a toothless mole.

    A major war will include unthinkable collateral damages
    to America and The West.

    Once we get past all the major collateral damages you
    can start dreaming again, if you survive.

    Until then, dream on !!!

    Jul 24, 2016 24:40 AM

    Yer tax money at work. Yup, they must hate us for our freedumbs!

    Isn’t it time the gooberment stops stealing your money in order to dole it out to murderers? Of course this story is no surprise at all as it pales in comparison to all the innocents killed…er…sorry…collateral damage from Obammie’s wars (and before that Bandar Bush).

    US-Backed Syrian ‘Moderates’ Behead 12-Year-Old

    https://consortiumnews.com/2016/07/21/us-backed-syrian-moderates-behead-12-year-old/

      Jul 24, 2016 24:16 PM

      Ortel is great. I heard an interview he did many months ago on John B Wells’ show and since I have heard nothing regarding his work in the lame stream media. It just shows how corrupt the media is!

      Jul 24, 2016 24:27 PM

      What Ortel has found should be front page news and everyone who plans on casting a vote must know what he has uncovered but to the mainstream media he does not even exist!

    Jul 24, 2016 24:44 PM

    Sunday reading… How to get out of trouble.

    By Dr Jerome | Sunday, July 24, 2016 at 12:44 pm
    Apologia: A primer on getting out of trouble.

    Lately I have been quite jaded about politics and hte current election. I have tuned out speeches, campaigns, and only kept a tiny portion of my attention focused in that arena. But recent events have slapped my face.

    A couple of days ago, we learned that WikiLeaks released 19,252 emails downloaded from the Democratic national committee’s hackable server. A mere day later, journalists have rummaged through them already, sniffing out the juicy stuff and tell us a story: The DNC conspired against Bernie to ensure that Hillary got the nomination. That is a pretty serious accusation! If this is true, there are no free and fair elections in America. Democracy (republican style) is dead and your support for your favored candidate does not matter. The preferred candidate will win.

    If the Democrats are this corrupt, we must assume the Republicans are as well. And where does it stop? Is the general election rigged? Ask Al Gore, he’ll give you an ear full. But given that the DNC is in hot water, what do they do about it? What is the best strategy for their PR team to “put out this fire?” What do they say to the press? Well we won’t have to wait long. Pick up today’s paper. So why not take a look at what the “experts” say is the best way to handle such situations and still retain your honor.

    No, we don’t have long to wait.

    continued….http://www.tfmetalsreport.com/blog/7756/sunday-reading-how-get-out-trouble#comments

    Jul 24, 2016 24:14 PM

    Here is the answer ! … Ben Franklin and Thomas Jefferson would agree Million Dollar Debt Free Currency per US Household ? Good Weekend show Al and Corey … Thanks !

    http://www.washingtonsblog.com/2016/07/federal-reserve-creating-debt-free-money-nothing-americans-next-step-data-show-1000000-per-us-household-benefits-emperors-new-clothes.html

    Jul 25, 2016 25:09 AM

    Glen Downs, I saw it. When I watched Trump’s announcement for the presidency speech I knew in an instant he was who we were looking for. The next day at work I told everyone about Trump and that he would do what Reagan did. Did I think he was the Next Reagan? No. But I could already see him sweep the nation and do almost what Reagan did when he ran against Carter.

    And I stand amazed that those who are the movers and shakers of this world never saw it coming. I could not believe the BLOWBACK. What idiots.

    This is a defining moment.