Glen Downs – Thu 4 Aug, 2016

Don’t let the bastards get you down, another preview from the upcoming Weekend Show.

Click download link to listen on this device: Download Show

Glen DownsAl Korelin

  1. On August 4, 2016 at 10:58 am,
    DFS says:
    • On August 4, 2016 at 1:05 pm,
      Big Al says:

      My favorite song and thought. Thanks, Professor.

  2. On August 4, 2016 at 11:20 am,
    Anders from Copenhagen says:

    Thank you for posting all your links in the previous blog.
    This youtube link really made me smile!

    • On August 4, 2016 at 1:02 pm,
      Big Al says:

      Hi Anders, which link was that?

  3. On August 4, 2016 at 11:28 am,
    pardu says:

    No matter how one fares in the ebbs and flows of life, economically, health wise, and in the other aspects of life, it is how one lives his life with an eternal perspective that will be the most important investment one will make. In the final analysis, when we leave mortality and enter the next phase of our existence (graduation as it were), we cannot take our possessions with us, but we do take our relationships, what we have learned and how we lived our life and what we have become. These things go with us. Wise investments in these things are of prime importance. don’t let the negatives and pitfalls of life deter you from the important things of life. When I lost big in my 401K during the 2008 time frame, I was sad for a few days, but then realized that I needed to be positive. After all, I was thankful that I had it to lose, as there were so many who could not afford the downturn economically. It was just money. I still had my good life, my family and my health.

    • On August 4, 2016 at 12:29 pm,
      Archdeacon (!) Andrew says:

      ‘Love (laughter) is the only sane and satisfactory answer to the problem of human existence’. Erich Fromm. My mantra between faith and confusion! Thanks DFS.

      • On August 4, 2016 at 12:54 pm,
        Archdeacon (!) Andrew says:

        Some deep and real thoughts going on here Al and Glen – thank you. But it’s hard when not thinking of our dumbed down youth staring into their Smart/Pokemon zombie world, or when hearing of Venezuela or Nigeria or a ton of other places not to feel deep despair. Sometimes that deep despair can encroach closer to home with family members too.
        However our efforts, however small, to bring hope to others are what should keep us truly human and sane. I’m reminded in the Bible of the poor widow who when attending her temple slipped the only money she possessed – a paltry two mites into the offertory plate while the rich Pharisees were tossing in their gold shekels.
        And how did Jesus react? He commended the widow for giving all that she had while the wealthier attendees gave only that which they could easily afford.
        My guess is that heaven measures our endeavours, even when tiny in an entirely different way from how the world measures them.
        That said, good investing to one and all! A

        • On August 4, 2016 at 1:06 pm,
          Big Al says:

          And God bless you Andrew

    • On August 4, 2016 at 1:03 pm,
      Big Al says:

      God bless you Pardu

    • On August 4, 2016 at 2:29 pm,
      irishtony says:

      Well said…pardu.

      • On August 4, 2016 at 4:53 pm,
        Excelsior says:

        Ha! I posted after I read Pardu’s comments and just realized you’ve already covered how well he said it. 🙂

        IrishTony – I am disappointed that you didn’t confirm you would assist Andrew and I in our field trip to go get $4 – $17 Billion worth of Gold, Silver, and Jewels at the bottom of the ocean near Colombia in the Spanish galleon.

        Let me know if you change your mind……

        IrishT – Check out the very bottom of this blog from Tuesday for the invite:

        • On August 4, 2016 at 7:29 pm,
          Archdeacon (!) Andrew says:

          Ex we’ll keep nagging Mr Irish until we get him on board!!!

          • On August 5, 2016 at 4:14 am,
            Excelsior says:


    • On August 4, 2016 at 4:50 pm,
      Excelsior says:

      Well said pardu. I liked your comments yesterday as well.

    • On August 4, 2016 at 10:42 pm,
      Dennis M. O'Neil says:

      Your wealth should be measured in hugs and memories!

  4. On August 4, 2016 at 11:28 am,
    DFS says:

    IMG.TO showing very high volume today after this news yesterday:

    IAMGOLD’S net operating cash flow increases 125%

    by – Financial Buzz


    All monetary amounts are expressed in U.S. dollars, unless otherwise indicated.


    TORONTO, Aug. 3, 2016 /PRNewswire/ – IAMGOLD Corporation (“IAMGOLD” or the “Company”) today reports its financial and operating results for the quarter ended June 30, 2016.

    Steve Letwin, IAMGOLD President and CEO, commented, “The second quarter thrust us back into an earnings position and operating cash flow rose 125%. Positive support for a higher gold price continued in the quarter, with significant strengthening in June in anticipation of Brexit. Higher gold prices and lower cash costs drove margins up 36% from the previous year, as we continued our focus on cost reduction and productivity improvement. Operating performance continues to be in line with our expectations. With year-to-date production of 388,000 ounces and unit costs expected to be lower in the next two quarters, we remain confident in our guidance for the year. Rosebel and Essakane are generating free cash flow and, despite our capital spending needs this year with the development work at Westwood and the secondary crusher at Rosebel, we expect positive consolidated free cash flow for the second half of the year if gold remains above $1,300 an ounce

  5. On August 4, 2016 at 11:54 am,
    DFS says:

    I believe this accounts for some dollar strength and Euro weakness.
    (I know Swiss currency is not the Euro, but they stopped their program of Euro buying.)

  6. On August 4, 2016 at 11:55 am,
    Birdman says:

    These audios today don’t load for me Al. Must be a different format. The MP3 version you normally use works fine but not this one. Maybe I just have a connection problem today though….not sure yet……..

    • On August 4, 2016 at 1:08 pm,
      Big Al says:

      Don’t know what to say, Bird. On this end they play fine.

      • On August 5, 2016 at 8:09 am,
        Birdman says:

        Must be the undersea cable. Its weird what was happening. All OK now though so I suspect a bad connection is all. Sorry to bother about it.

  7. On August 4, 2016 at 11:58 am,
    DFS says:

    And this explains the apparent problem with oil and gasoline inventories:

    There are still a lot of tankers just parked in the Gulf of Mexico!

  8. On August 4, 2016 at 12:14 pm,
    DFS says:

    I guess this is one way to cut government spending!

    (Obama sets record for releasing more convicted felons that any president in history……going for a lousy record, when he’s failed most everywhere else?)

    But it is lunacy to erase their records.
    Give a second chance, through the book at them if they ever steal, or use a gun again!

    • On August 4, 2016 at 12:22 pm,
      DFS says:

      You don’t think the Big Zero has failed?

      Germany’s domestic intelligence agency revealed that the Iranian government has pursued a “clandestine” path to obtain illicit nuclear technology and equipment from German companies “at what is, even by international standards, a quantitatively high level.”

      A secret agreement, obtained by the Associated Press, discloses that Iran’s nuclear deal would not only lift constraints on Iran’s nuclear program after the nuclear deal, but it will also do so long before the deal expires — including the installation of thousands of centrifuges, five times more than what it currently possesses, as well enriching uranium at a much higher pace.

      You think the Middle East is safer?
      What planet are you living on?

      • On August 4, 2016 at 1:09 pm,
        Big Al says:

        The never ending question, Professor.

      • On August 4, 2016 at 1:51 pm,
        Robert Moriarty says:


        The Iranians had to be pretty smart to fool those 16 US government intelligence agencies all of whom agree they have no nuclear weapons program and haven’t had since 2003.

        Are we going back to the Mossad disinformation crap again. there is one country and only one country in the middle east with nuclear weapons and who have threatened to use them. That’s Israel. Everything else is disinformation and it’s an insult to keep bring it up, even the foreign minister of Israel said that Iran is not a threat to Israel. But we all know that and have known it all along.

        • On August 4, 2016 at 2:25 pm,
          DFS says:

          I have no first hand information, Mr. Moriarty.
          But I ask myself, Why would Iran refuse to allow inspection of their facilities?
          And Why would the US agree with that as part of the deal?

          It seems to me it was a Lose-Lose deal for the US, regardless of opinions about Israel.
          I have not seen any improvement of Iran-US relations.
          (Indeed, just an increase in hostage taking by Iran!)

          • On August 4, 2016 at 2:40 pm,
            DFS says:

            Great country Iran.

            (Just not in the last 500 years!)

          • On August 4, 2016 at 3:09 pm,
            B says:

            743 killed in Iran 2014
            american police kill 1140 in 2015

            Pretty close

          • On August 4, 2016 at 10:38 pm,
            Robert Moriarty says:


            Why would Israel refuse to allow inspection of their facilities? Why would the US allow that?

            If you have followed the Iran saga at all you would be aware that by not allowing Iran access to the banking system, once again the US has reneged on an agreement. It is not Iran who is not in compliance, it is the US all in the name of fighting a “weapons” program that doesn’t exist.

            Why don’t you address the 8000 pound gorilla shitting in the jello? That would be Israel and 400 nuclear weapons. It’s Israel that refuses to sign the NNPT and the US in total violation of the Symington Law. It’s illegal to provide aid to Israel.

            How long are you going to wear those blinders where you have one set of rules for Iran who is not a threat to anyone and Israel who is a threat to everyone? You should address the issue of Israel being the guiding power behind all the chaos in Syria, Libya, Iraq and Lebanon. Israel wants chaos and got it. Now we have 65 million refugees as a result. The refugee issue is destroying the EU and is the source for all of the terrorism in the world.

            Israel thinks that’s just wonderful.

          • On August 4, 2016 at 11:06 pm,
            B says:

            Your right Mr Moriarity

            Its the yinon plan.
            I watched alot of the Syrian Girl videos, she is well aware its the Yinon plan.
            If she is, alot of people in the region will be.

            I think people are blind to Israel or more likely the Zionism in Israel (alot of opposistion to it in Israel) due to religion, Israel is a big deal to christians, so they close their eyes to the evil.
            Thats my theory anyway.

          • On August 5, 2016 at 5:22 am,
            GH says:

            Thanks Mr Moriarty for setting the record straight. I do get so tired of DFS’s constant canards on this topic (in contrast to his usual useful info).

            B, I’m sure most middle easterners are aware of the Yinon plan, unlike us North Americans. When something threatens everything they hold dear, people pay attention.

            I agree, seems Israel/Zionism is a big deal to a certain strain of Christianity. I once worked with a born-again Christian, so got the whole scoop on his belief system. He just couldn’t wait for the second coming, when the ‘saved’ would leave their bodies behind as they go straight to heaven, while the rest of us are in for seven years of tribulations during which it will be extremely difficult to remain righteous and save our eternal souls. This strain of Christianity, to me, resembles a death cult, obsessing about the ‘end of times’.

  9. On August 4, 2016 at 12:15 pm,
    DFS says:

    Throw not through!

    • On August 4, 2016 at 12:33 pm,
      DFS says:

      Perhaps you think it is safer in Europe?

      Is this being reported in main stream media in the US.?

      Hell, no. The US media is mostly Democrat propaganda.

      • On August 4, 2016 at 12:39 pm,
        DFS says:
        Sorry, Big Al, but I felt I had to fill in where MSM left things out.

        I will only post mining-related stuff now, for a few days.

        • On August 4, 2016 at 1:11 pm,
          OOTB Jerry says:

          Thanks for the list

          • On August 4, 2016 at 1:13 pm,
            OOTB Jerry says:

            Clint Eastwood has it correct see zero hedge

          • On August 4, 2016 at 3:21 pm,
            DFS says:

            I read almost everything on Zerohedge, but don’t always see things as they do.

            They, for example, did not stress the money transfer of actual untraceable cash, was in actual cash not digits. I wonder how much will be re-packaged and sent to Hezbollah, and other terrorists.
            And I don’t understand the paying of interest……I thought that was not good Sharia!

      • On August 4, 2016 at 1:10 pm,
        Big Al says:

        I listened to the news on CBS a couple of nights ago and then again on Fox. One ot these networks is reporting on a different planet!

        • On August 4, 2016 at 1:16 pm,
          OOTB Jerry says:

          Never going to get the full story from the SHEEple Report

        • On August 4, 2016 at 1:22 pm,
          DFS says:

          Sadly, they are neither on this planet, with their “You can’t handle the truth” beliefs.

          They BOTH produce pro-Democrat propaganda, as far as I’m concerned.

          But then what do I know, I only read about 3,000 pages of info on an average day!

      • On August 4, 2016 at 1:20 pm,
        OOTB Jerry says:

        Ditto on Hell no

  10. On August 4, 2016 at 12:20 pm,
    Silverdollar says:

    Not just in politics but in all your daily happenings: Don’t waste your time worrying about the things you personally can’t change. One will eventually occupy a straight jacket! A second piece of wisdom is an old Cherokee proverb that said “Don’t let yesterday crowd out too much of today”.

    • On August 4, 2016 at 12:37 pm,
      Bobby says:

      I like that, Silverdollar!

    • On August 4, 2016 at 1:11 pm,
      Big Al says:

      Great wisdom from both you and the Cherokees!

    • On August 4, 2016 at 2:08 pm,
      Excelsior says:

      +2 Silverdollar – for both pieces of wisdom. Thanks.

  11. On August 4, 2016 at 12:51 pm,
    DFS says:

    High volume in Excellon today after this on Tuesday:

    Excellon Reports Second Quarter 2016 Production

    TORONTO, ON–(Marketwired – August 02, 2016) – Excellon Resources Inc. (TSX: EXN) (OTC: EXLLF) (“Excellon” or the “Company”),Mexico’s highest grade silver producer, is pleased to announce second quarter 2016 production results from the La Platosa Mine in Durango, Mexico.

    Q2 2016 Production Highlights (Compared to Q2 2015)

    Silver equivalent (“AgEq”) production of 368,568 ounces (Q2 2015 — 341,975 AgEq oz), an 8% increase
    Silver production of 227,826 ounces (Q2 2015 — 182,709 ounces), a 25% increase
    Lead production of 1.3 million lb (Q2 2015 — 1.0 million lb), a 28% increase
    Zinc production of 1.6 million lb (Q2 2015 — 1.7 million lb), a 10% decrease
    Phases II and III of optimization program underway with increasingly dry mining conditions at Platosa and drawdown rates exceeding projections at current pumping rates

  12. On August 4, 2016 at 12:55 pm,
    DFS says:

    EXLLF is up 678% from it’s low on 12/08/15.

    • On August 4, 2016 at 2:59 pm,
      Excelsior says:

      Excellon has performed well in 2016 up 377.64 % on a year-to-date basis.

  13. On August 4, 2016 at 1:01 pm,
    Wayne says:

    C.S. Lewis on the upcoming election: “[The devil] always sends errors into the world in pairs–pairs of opposites. And he always encourages us to spend a lot of time thinking which is the worse. You see why, of course? He relies on your extra dislike of the one error to draw you gradually into the opposite one.”

    • On August 4, 2016 at 1:12 pm,
      Big Al says:

      What an interesting thought, Wayne!

  14. On August 4, 2016 at 3:36 pm,
    Gator says:

    From the U.S. President. Watch before its pulled.

    • On August 4, 2016 at 4:08 pm,
      Shootingfish says:

      You do see that this was altered to take it out of context, right? I found it amusing that the anti-Obama camp stoop to such shenanigans but then again, I guess both sides dive for the gutter when given the chance…

    • On August 4, 2016 at 5:11 pm,
      Chartster says:

      Gator, that pretty much sums up the Obamanation.

      • On August 4, 2016 at 5:13 pm,
        OOTB Jerry says:

        What a jerk

        • On August 4, 2016 at 5:14 pm,
          OOTB Jerry says:

          O that is the jerk. Thanks for the post

    • On August 4, 2016 at 6:50 pm,
      Wayne says:

      It is a splice job. See

      However, it is pretty obvious that Obama really does hold to that view.

      • On August 5, 2016 at 7:12 am,
        OOTB Jerry says:


      • On August 5, 2016 at 9:12 am,
        JohnK says:

        Thanks for keeping it real Wayne.
        However to many scrubbed servers to trust anything anymore.

    • On August 5, 2016 at 8:46 am,
      JohnK says:

      That right there was pretty scary Gator!

  15. On August 4, 2016 at 3:58 pm,
    Marty says:

    That’s called the ” spirit of Antichrist” entrenched in his being.

    • On August 4, 2016 at 7:32 pm,
      Archdeacon (!) Andrew says:

      Yes Marty.