Weekend Show – Sat 6 Aug, 2016

reasons to be optimistic today

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Inverse ETF Volume Aug 2016

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Al KorelinCory FleckChris MartensonJay TaylorJeff DeistGlen Downs
Dana LyonsAdrian DayDan Oliver

  1. On August 6, 2016 at 12:39 am,
    Skeeta says:

    Thanks for the show as always fella’s.
    Much appreciated.
    Have a great weekend,

    • On August 6, 2016 at 2:11 am,
      DFS says:

      Mr. Martenson discusses microeconomics; the economics of individuals or small groups of people.
      The microeconomic world, however, is not totally independent of the macroeconomic world. What if the US Government chooses to go to war with China or Russia, do you seriously think your microeconomic world will not be drastically affected?
      I do not think Mr. Martenson has addressed the macroeconomic issues at all.

      • On August 6, 2016 at 2:22 am,
        DFS says:

        Segment 3: You guys are part way to addressing the problem. You realize partly that MainStreamMedia, MSM, is being used to control the population. You do not yet understand how incidious it is.
        Big Al, Jay Taylor, your creation of this and similar platforms provides a great service to those who use them; in providing investment discussions; in allowing exchange of thoughts, via this blog.

        • On August 6, 2016 at 8:43 am,
          Big Al says:

          You are great, Professor!

      • On August 6, 2016 at 8:11 am,
        DFS says:
      • On August 6, 2016 at 8:42 am,
        Big Al says:

        Of course, Professor.

      • On August 6, 2016 at 10:46 am,
        Excelsior says:

        Grant Williams: The Rising Danger Of A Bidless Market
        Interviewed by Chris Martenson for Peak Prosperity
        Published on Jul 17, 2016

        Grant Williams, veteran portfolio and strategy advisor, as well as proprietor of the economic blog Things That Make You Go Hmmm returns to the podcast this week to discuss his great concern about the liquidity risk underlying financial markets long-addicted to central bank rescue stimulus.


        • On August 6, 2016 at 10:49 am,
          Excelsior says:

          Dave Pare: Gold Is Looking Strong
          Interviewed by Chris Martenson for Peak Prosperity
          Published on Jul 25, 2016

          This week, Peak Prosperity’sown precious metals analyst, Dave Pare, sits down to the microphone.

          “Better known on the site as Davefairtex, he joins Chris to discuss his current outlook for gold and silver, his approach to building market models, and how he balances fundamentals versus technical analysis in assembling his macro views.

          Dave has been a daily contributor to the site for years — not just with his precious metals commentary, but also with thoughtfully constructed comments on a host of topics. His opinions are pointed, and occasionally controversial. But his ability to always challenge readers to think make him widely respected, even by those who don’t agree with him.”


          • On August 6, 2016 at 10:55 am,
            Excelsior says:

            Chris Martenson: Confidence in Many Complex Systems Collapsing
            Published on Jul 22, 2016

            Jason Burack of Wall St for Main St interviewed returning guest, former corporate executive and phD scientist, Dr. Chris Martenson.

            Chris co-created The Crash Course and Peak Prosperity website with Adam Taggart and they also co-authored their new book, Prosper!: How to Prepare for the Future and Create a World Worth Inheriting in November 2015.

            Since he quit his corporate job over a decade ago, Chris has since become an expert on many topics.

            During this 40+ minute interview, Jason and Chris have a wide ranging discussion on a number of topics including:

            1) Why he thinks gold and gold stocks have rallied so strongly since December 2015?

            2) Are mainstream money managers losing all remaining confidence in the Federal Reserve and other central banks?

            3) Will the stock market crash if obvious daily stock market manipulations are occurring?

            4) Why haven’t more shale oil companies gone bankrupt when the oil price went below $40/barrel WTI?

            5) Will new technology from Silicon Valley be able to drastically reduce the usage of oil around the globe in only a decade?

            6) Why isn’t there more clean water available?

            7) Many experts cite the Simon–Ehrlich wager from 1980 to 1990 as justifying that over the long term all commodity prices have to fall. But, despite what economic textbooks say should be happening, things have drastically changed since China joined the WTO and commodity prices are nearly all in long term uptrends and the cost of production for many commodities rises 10% or more yearly. What type of real world limits are there preventing commodity prices from declining over the long term that maybe was not seen or not available when this bet was made?


          • On August 6, 2016 at 11:07 am,
            Big Al says:

            Thanks Ex

          • On August 6, 2016 at 12:33 pm,
            Excelsior says:

            I thought listeners/readers may like a little more Chris Martenson, and these were some pretty good interviews.

            Thanks for the positive focus of the show this weekend!

          • On August 7, 2016 at 9:55 pm,
            Birdman says:

            I know of one listener who thinks Chris Martenson material is mostly doom-porn.

            You think that’s investment information?

          • On August 8, 2016 at 1:21 am,
            Excelsior says:

            You think someone running a site called “Peak Prosperity” is doom porn? Please….

            If you actually listened to the shows, there is quite a bit of investment information.

          • On August 8, 2016 at 4:19 am,
            Birdman says:

            Just because you are almost the only person remaining who posts on this site anymore….don’t just assume I am addressing you. Maybe give your keyboard a rest. Its not necessary to respond to every post.

            To answer your question, yes, Martenson is doom and gloom. His thesis revolves around a future of shortages where society as we know it cannot continue because the amount of extractable energy is insufficient for the existing global population. That means that agriculture as we know it cannot continue nor can most human endeavors. It also means the urbanization of mega cities will eventually come to an end. Why do you think he has staked out a couple hectares with bees, fishponds and farm for himself and his family. Chris believes what he is saying and I cannot entirely disagree.

            But the philosophy is not tradeable information

            I just thought I would point that out to you since that is the exact words you use on others when they veer off your little theme with talk of macro-economics, politics or religion (as three examples). So please stick to your script of investment-only data in the future or stop bothering others who post and color outside your teeny little mental boundaries.

            The ironies around here are as thick as bricks.

          • On August 8, 2016 at 7:54 am,
            Big Al says:

            I disagree Bird, after numerous conversations with Chris I find him to be much more of an agent for positive change than to be Mr. Doom.

          • On August 8, 2016 at 5:38 am,
            Excelsior says:

            I didn’t bother anyone by posting other shows from one of the special guests on the Weekend show. You clearly didn’t listen to any of the shows where Chris Martenson interviewed Grant Williams or Dave Pare – plenty of investing ideas, but you’d have to put a little effort in.

            Have a great week sunshine 🙂

          • On August 8, 2016 at 6:18 pm,
            Birdman says:

            Just because Chris slaps a happy face on the side of his package and sounds positive does not make his message any less gloomy, Al…..The nuclear utility agencies used to do that too!

            If I recall, Chris talks about the population hockey stick which as we all know is a technical pattern with only one eventual outcome. It must crash back to its mean and that, by definition, means that global populations will be substantially smaller some years in the future.

            Not only that but they will be smaller due to an unknown trauma because such patterns don’t ever resolve by trading sideways. That means we will have a cataclysm of one kind or another.

            Chris thinks it is energy (oil) related. Others think it will be the unleashing of a pandemic or possibly even a nuclear war that breaks down the supply chains. Whatever it is won’t be pretty so I agree with him that we need to take steps personally to prepare for the unthinkable.

            Chris does that by being proactive in his personal life. He is talking and writing about it and how we can be prepared. And he does it in an upbeat way by sounding positive and encouraging people to take personal control. The essential message is still in the doom category though and not everyone agrees with his philosophy of a future dictated and determined by energy and food shortages.

            You have mixed up the man with his message. But that’s show biz I suppose,

    • On August 6, 2016 at 8:41 am,
      Big Al says:

      Thank you Skeeta. This particular show meant a lot to me!

  2. On August 6, 2016 at 1:10 am,
    DFS says:


    Bill Fleckenstein says sit tight in gold

  3. On August 6, 2016 at 1:37 am,
    DFS says:

    Re: segment 7.
    He is correct to some extent, except the reason to hold gold is NOT to get rich, but to preserve wealth.
    Governments, via their Central banks’ monetary policy are trying to inject money and sustain stock markets TO MAINTAIN THE APPEARANCE THAT THEIR ECONOMIES ARE DOING WELL. But it is a mirage. These same governments are, in fact destroying value of money. Gold is going up simply because the unit in which it is measured is going down.
    Gold will preserve wealth, but leverage will be needed to increase wealth. That leverage can most safely be obtained by the leverage provided by share ownership in mining.
    Make no mistake, though, that Government action is in the long run sheer lunacy. The value of money is being destroyed, if not the whole monetary system.
    It has happened before on an individual country scale with Argentina, Zimbabwe, Weimar Republic, but never on a worldwide scale. This time, in that regard, it is different. There are few, if any, alternative currencies or forms of money which are safe. We may hope that precious metals will be, because there are few other choices.

    • On August 6, 2016 at 5:16 am,
      jhpace1 says:

      Good writing, DFS.

      • On August 6, 2016 at 8:44 am,
        Big Al says:

        Second that!

  4. On August 6, 2016 at 1:51 am,
    DFS says:

    Segment 8: Governments will do what governments will do. It appears to be their desire for more control and power will perhaps destroy all current currencies, to be replaced by one or more totally controlled new forms. That may be in the form of totally digital representations, or perhaps not. It depends to some extent on what, we, the people allow. Governments will use coercion, because they always do. Are you prepared to be passive and go along because you are “powerless”, or will you choose a different path?

    • On August 6, 2016 at 8:32 am,
      Markedtofuture says:

      Watch The Iranian State Documentary That Shows That U.S. Cash, Given to Iran, Was A Ransom Payment

      Some days ago, Republican presidential candidate, Donald Trump, claimed to have seen a video, made by the Iranian government, that showed a ransom payment made by the American government. That sparked denials by the Obama administration as well as the President himself. It also sparked hit pieces against Trump by the mainstream media.


      • On August 6, 2016 at 10:29 am,
        DFS says:

        And now we see all the Main Street media reporting the truth, and that the Big Zero went on prime time TV and lied, that the VP lied repeatedly.

        Strange, I seem to have missed that last bit.

  5. On August 6, 2016 at 2:24 am,
    Excelsior says:

    Comanus Rising Podcast – April 10, 2016 (AUDIO)

    On this week’s episode we will recap gold and the gold stocks. Then we talk about seasonal factors that can effect the share prices of junior exploration stocks.

    Then we talk about news releases from the following companies: West Red Lake Gold Mines -RLG, Landore Resources, LND on AIM, Condor Resources, CNR on AIM, Alexander Nubia – AAN, Premier Gold Mines – PG, Pretium Resources – PVG, Vanstar Mining – VSR, West African Resources, WAF, Algold Resources, ALG, IDM Mining – IDM, Cornerstone Capital – CGP, Colorado Resources – CXO, NuLegacy Gold – NUG, Nautilus Minerals – NUS, Probe Metals – PRB. We talk, gold, silver, oil, natural gas, copper, zinc, lead.


    • On August 6, 2016 at 2:27 am,
      Excelsior says:

      Interview with Mike Swanson of WallStWindow
      Jordan Roy-Byrne CMT, MFTA – 08/03/2016

      “insights from the Sprott Investment Symposium and why I favor buying junior exploration companies over JNUG.”


      • On August 6, 2016 at 2:28 am,
        Excelsior says:

        Gold stocks’ autumn rally
        Adam Hamilton – Zeal Intelligence | August 05, 2016


        • On August 6, 2016 at 2:44 am,
          Excelsior says:

          Brent Cook Talks Junior Gold Stocks
          Published on Aug 6, 2015

          Brent Cook of Exploration Insights took a moment to speak with the Investing News Network at the 2015 Sprott-Stansberry Vancouver Natural Resource Symposium.


          • On August 6, 2016 at 5:25 am,
            Robert Moriarty says:


            There is a world of difference between a top and a correction. Who said anything about a top?

            Hamilton made it perfectly clear that we are in a bull market. But there are corrections in a bull market and as he said, “speculators leave gold with a near-record futures selling overhang.”

          • On August 6, 2016 at 8:27 am,
            Robert Moriarty says:

            JohnK : Your comment about raising margins is perfectly true and perfectly meaningless. The CME Group does indeed raise margins as they do anytime volatility rises. If you work out the numbers, you would realize the margin increases barely cover the volatility. I personally think the margins are always way too low, they should be higher. They encourage small investors to think that they have a chance against the better financed commercials. As a result, the small speculators almost always lose money.

            All financial markets are manipulated. They always have been and they always will be. It’s not a big deal. If you want a totally free market, go to Zimbabwe. Everyone including GATA wants to manipulate the market. In the end they never really do. The Fed certainly has been behind the increase in prices of real estate and the general market but in the end they will blow up. Supply and demand really does work.

            The speculators don’t necessarily make the market but if price of something goes up and speculator longs are going up, it’s the speculators moving the market. You can’t make anything go up by selling it.

            It’s just my opinion but the jobs report on Friday was probably the external event that will be the straw that breaks the back of the speculator longs. Look how many people are bullish today and compare that to Dec-Jan of this year.

          • On August 6, 2016 at 11:14 am,
            Excelsior says:

            Here is a more recent video with Brent Cook. I mistakenly thought that was from this year’s Sprott conference and didn’t see it was 2015 not 2016. Sorry about that, but still he had good thoughts on Mirasol Resources.

            Here’s an interview with Brent that is more recent to make up for that:


            Junior Mining Sector; Bull Market or Bear Market? – Brent Cook VIDEO Interview
            Salina Esperanza
            Published on Jul 12, 2016


          • On August 6, 2016 at 11:24 am,
            Excelsior says:

            I had posted this sometime recently as well, but for those that may have missed it:

            Interview with Brent Cook of Exploration Insights
            – “Focus on Mid-tiers…Time to Focus on Juniors?”
            Published on Jul 29, 2016

            “In this interview, we follow up with Brent at the Sprott Natural Resource Symposium in Vancouver, and talk about developments in the mining sector since PDAC March 2016. We find out where to focus in the sector? Which countries to invest in? What has changed with the mid-tiers and is it time to now look at the junior space and much more.”

            “Brent Cook brings more than 30 years of experience to his role as a geologist, consultant and investment adviser. His knowledge spans all areas of the mining business, from the conceptual stage through detailed technical and financial modeling related to mine development and production.”


        • On August 6, 2016 at 2:59 am,
          Robert Moriarty says:

          Excelsior: Adam Hamilton is brilliant and catches almost every top and bottom. For those who only pay attention to what they want to hear, that piece will be music to the ears of the permabulls. But if you read carefully, he is issuing a few important words of wisdom. Mining Stocks are getting really frothy and everyone has jumped on the gold train. That’s a sign of danger.

          From Adam H. “But these hyper-leveraged gold-futures contracts are exceedingly risky, since relatively-small adverse moves in gold prices can result in total losses of the capital speculators risked.

          Gold’s record summer rally this year may have borrowed from its strong autumn gains, effectively pulling some of that autumn buying forward into summer. That hinges on whether investors resume buying gold aggressively or not. And the record gold-futures longs accumulated by speculators leave gold with a near-record futures selling overhang heading into autumn. This remains a serious near-term risk for gold.

          If some news or market event spooks the uber-bullish speculators, they will be forced to exit their wildly-excessive long positions en masse. This heavy gold-futures selling will drive down gold fast, forcing a snowballing number of speculators to liquidate or face catastrophic losses due to futures’ extreme leverage. So until speculators’ collective gold-futures positions normalize, a cascading gold selloff is possible any time.”

          When you run out of buyers, all you have left is sellers. A word to the wise, taking some money off the table would be prudent.

          • On August 6, 2016 at 3:06 am,
            DFS says:
          • On August 6, 2016 at 5:21 am,
            jhpace1 says:

            “Everyone has jumped on the gold train”? Who? The average consumer out there knows nothing about precious metal stocks. They’re still buying Apple and real estate. Now, the people inside the circle of gold/silver bugs might be “all-in”, but that circle is very much smaller than 1% of the public. It is this small circle buying and selling precious metal miners. That money is limited, compared to the standard equities.

            When Jim Cramer recommends on live TV to buy nothing but precious metal stocks, I’ll believe in a top.

          • On August 6, 2016 at 7:15 am,
            Dick Tracy says:

            When the wolf shows up at the door time and time again and nothing happens rookie traders which most are can’t get there head around that the economic system is very vulnerable. When the system cracks open it doesn’t matter what stocks you have the whole caboose is going under. Take profits when you have them or learn from the school of hard knocks. DT

          • On August 6, 2016 at 7:47 am,
            JohnK says:

            Hi Mr. Moriarty:
            I agree 100% with taking some money off the table.
            In your recent article”Money always moves from weak hands to strong hands”,you stated that the banks don’t give a damn about the price of Gold and Silver,that it would be more advantageous for them to trade interest rate derivatives.
            Also you stated that “Eventually some external event will take place that all the parrots will blame for the price of gold.”
            I’ll be the first one to admit that I haven’t made it out of the shallow end of the pool,but here goes.
            The jist I took from the article was that the Mining Companies and the Jewelry Manufacturers were both considered commercials and one offset the other,and you end up with a net neutral.
            The speculators with their long positions drive the market.
            I agree with all of this,but I believe there is more to the topping of the Comex,than just supply and demand.That is just to simple.
            Is there not another part to the equation here?
            Here is a quote from Federal Reserve.GovThe basis is “Relations of margin to volatility and to futures price for metal futures.
            CME group tends to raise margin requirements as volatility increases beyond a certain threshold,however puzzling it does not lower margin requirements even when volatility drops below a certain negative threshold for all futures contracts.
            If you look at a chart of margin,price and volatility,you will see that they all peaked together in 2011.
            Many contend that the Comex is manipulated,wouldn’t regulated be a better term?
            What am I missing here?

          • On August 6, 2016 at 9:46 am,
            Excelsior says:

            Hi Bob M. – Yes I enjoy reading Adam’s thoughts and that you regularly have his articles posted on 321.gold.

            Yes, I posted the article specifically hoping that some investors may head his caution and the point you just made that “Gold’s record summer rally this year may have borrowed from its strong autumn gains, effectively pulling some of that autumn buying forward into summer. ”

            I am a big believer in trimming as certain thresholds, and luckily in many stocks I am simply taking free rides at present, or have a cost basis so low that any fall pullback won’t break the bank. My issue isn’t taking profits, it has been taking profits a bit too early 🙂

            Thanks for great perspectives – as per usual. Cheers!

          • On August 6, 2016 at 10:15 am,
            Dragonite says:

            Excelsior, can you share some your ideas about uranium sector to my earlier post?

          • On August 6, 2016 at 10:34 am,
            Excelsior says:

            Hi Dragonite – I just wrote you a Uranium response below.

        • On August 7, 2016 at 8:13 am,
          OOTB Jerry says:

          Like I said….bottom is in. Big bull on the way.

          • On August 7, 2016 at 8:17 am,
            OOTB Jerry says:

            EX good articles on autumn rally….thanks JTL

          • On August 7, 2016 at 8:19 am,
            Big Al says:

            In terms of the gold associated stock sector, I Happen to agree.

          • On August 7, 2016 at 9:29 am,
            OOTB Jerry says:

            Zeal report does state,Indian wedding season,after harvest ,Christmas buying season and Chinese new year is in front, ….so markets, may or should have some more upside….,”since seasonality that fuel gold’s demand”. ….”And gold is absolutely in a new bull market.”

          • On August 7, 2016 at 9:34 am,
            OOTB Jerry says:

            When you run out of US Buyers, then you have the rest of the world…..CCF

          • On August 7, 2016 at 12:08 pm,
            Excelsior says:

            Thanks OOTB. I remain open to the idea Adam Hamilton cautioned about though that the summer rally may have borrowed from some of the Autumn gains. The bull may cause stocks to keep climbing the wall of worry a bit longer, but then as Glenfidish mentioned at the beginning of the year, if the Summer is unseasonably strong then we’ll correct from a higher level in Autumn (typically a bullish period for PMs). It’s going to be a wacky year!

          • On August 7, 2016 at 2:25 pm,
            OOTB Jerry says:

            One more thought…this the First Autumn for the SGE..

          • On August 7, 2016 at 2:27 pm,
            OOTB Jerry says:

            This time is different 🙂

    • On August 6, 2016 at 4:01 am,
      Skeeta says:

      WAF has been a nice gain for me.

      • On August 6, 2016 at 6:27 am,
        DFS says:

        West African does not look that great fundamentally, Skeeta!

        Project mineral resources now 9.8Mt tonnes at 2.1 g/t Au for 670,000 ounces of gold (Indicated) and a further 10.7Mt tonnes at 2.0 g/t Au for 695,000 ounces of gold (Inferred)

        34% increase in Indicated mineral resources for Tanlouka Gold Project

        Maiden M1 South Indicated mineral resource of 290,000 tonnes at 10.3 g/t Au for 96,000 ounces of gold and Inferred mineral resource of 410,000 tonnes at 6.4 g/t Au for 83,000 ounces of gold.
        But it’s book value is negative!
        I know nothing about further potential, though…..I stopped when I saw negative book.

      • On August 6, 2016 at 9:51 am,
        Excelsior says:

        Skeeta – Regarding West African Resources, there are a number of investors that have been discussing it. One of the better investors to look for on this blog post below is “MiningBookGuy”. I threw in a few comments as well.

        You can click on any of the blue stock symbols or red # symbols and go into those rooms as well:


        • On August 6, 2016 at 11:04 am,
          Excelsior says:

          Investors interested in the African miners (in particular the WEST African miners may also like some of the thoughts being shared in this room). There are many mergers, exploration plays, new development stage Gold companies, and all the new Production successes going on in Burkina Faso, Ghana, Mali, Liberia, Sierra Leone, and Cote D’Ivoire, and many of those companies are being discussed here:


          • On August 6, 2016 at 11:08 am,
            Excelsior says:

            While on this train of though, for anyone interested in a room on Prospect Generator companies, I believe anyone can see these comments, but they may not be able to type unless they get invited in by the moderator.

            Regardless, you can click on any of the blue $XXX company tickers and go into that specific company room. Hope it helps with investing ideas!


          • On August 6, 2016 at 11:27 am,
            DFS says:

            Thanks, Ex.

          • On August 6, 2016 at 5:18 pm,
            Excelsior says:

            DFS – You’d enjoy some of PamplonaTrader’s comments. He seems to have a great handle on a number of the stocks we discuss regularly.

          • On August 6, 2016 at 7:52 pm,
            Big Al says:

            Thanks Ex.

    • On August 6, 2016 at 9:02 am,
      Dragonite says:

      Excelsior, I have been extremely busy lately so I was not in the mood of posting here. It has been a great half year for me. I have been taken some profit but mostly I am still in gold and silver. My percentage is quite high on my PM position.

      I have not bought any PM and PM stocks for the last half year. What I have bought are more in REIT, fertilizer, energy and keep a lot of cash. I have put more money into Cameco since price has dropped. My bid to UR Energy and Denison mines have been there for over a year but they can not get filled because the price volatility is no longer there.

      What is your opinion for uranium sector? Now ever the super rich grade Cameco starts to lose money, how far the smaller mines can stay alive before they are acquired by large ones or close down? Can you share your ideas?

      • On August 6, 2016 at 10:33 am,
        Excelsior says:

        Hi Dragonite – I wondered where you have been lately, but very good to see you back on here this morning. 🙂

        [The tickers discussed below will be the US OTC tickers but Canadian investors will need to translate things over to their symbols]

        As for investing in the Uranium Miners, they have been relatively flat. I’ve been swing trading larger holdings in (UEC) UEC Corp and (UUUU) Energy Fuels due to their liquidity, and that is where I’ve made some good coin. Some of of the other US based companies like (URG) Ur-Energy, (URRE) Uranium Resources, and (WSTRF) Western Uranium have presented trading opportunities from time to time, but they have largely been down with the spot prices. There is also the Australian-based company now producing through insitu mining in the US called (PENMF) Peninsula Energy that has a very bright future.

        The real action in 2016 in the Uranium space has not been in the producers, but rather the optionality plays on Canadian Uranium Explorers, hitting high grade intercepts in the Athabasca Basin. My biggest exposure to Canadian U3O8 explorers in the Athabasca has been with (NXGEF) Nexgen Energy because they have found truly off the charts bonanza grades and won’t have the the water issues to deal with that (CCJ) Cameco has had or that (FCUUF) Fission Uranium will have going into development. Fission has still had some great drill results though. (CVVUF) Canalaska Uranium has been on fire all year, and they also found a Kimberlite field on one of their properties that is very prospective for diamonds, and they have DeBeers doing exploration work. (UEXCF) UEX Corp is another more established explorer in the Athabasca, and they have a number of JVs with (ARVCF) Areva, and I believe when the market turns that Areva will take them out, or at the least, buy some of their projects from them. (DNN) Denison, is still one of the best run Uranium companies, it has been around for decades, been a past producer, and sold it’s US assets (including their White Mesa Mill) to Energy Fuels so they could go up and get laser-focused on the Athabasca. They tried to acquired Fission last year, but the deal fell through (which was a shame). Denison is more than just an explorer in the Athabasca because they also control a percentage of one of the few mills, along with Cameco. Whoever controls the mill, controls the district. Uranium mills take about 10 years and a million regulatory requirements to get permitted, so having access to the mill to toll other companies Uranium will be a cash cow when the sector finally takes off. In addition Denison also has JV projects in Africa, and an environmental remediation division (like how Alexco has that for Silver), and this brings in extra revenue to fund their exploration.

        In Australia there are companies like (EGRAF) – [which I don’t really like or recommend for various managment & environmental reasons], but there are some up an coming solid companies like (TOEYF) Toro Energy, (BNNLF) Bannerman Resources, (BOE.AX) Boss Energy, and the aforementioned (PENMF) Peninsula Energy.

        As for good ole (PALAF) Paladin Energy – They’ve been beat down almost to the point Rick Rule speaks about from the prior cycle where he bought them for a dime and rode them up to like $14. I am not sure if they are going to make it, go bankrupt, or get bought out, but I’ve been swing trading them back and forth, and keep an iron in their fire just in case big news hits. The could end up being the mother of all turn-arounds in the Uranium sector, or the biggest disappointment in the Uranium sector, so I couldn’t recommend them for more than a speculative bet at this point and at these prices.

        Uninformed commentators say there are only a “handful” of Uranium companies to invest in, but I track over 50 companies, and there are other smaller Uranium explorers and developers in Canada, Australian, and Africa that I also feel may have a nice run once things get popping like (GVXXF) GoviEx Uranium, (URVNF) Uravan Minerals, (KVLQF) Kivalliq Energy, (MGAFF) Mega Uranium, (PLUUF) Plateau Uranium, (LEU) Centrus Energy, (ANLDF) Anfield Resources, …….etc…. etc…. too many to list.

        Bottom line: The optionality of the Canadian Athabasca explorers has been where the action has been, and at times it has even got a bit frothy. I continue to be interested in about 5-7 key companies in the Athabasca, but I truly believe that it will be the companies with low cost insitu mining that supply the #1 Uranium market on the planet (the USA) with new supply that will have the largest pop when the new pricing contracts are negotiated over the next few years. As a result, companies like (UUUU) (UEC) (URG) (URRE) (WSTRF) and (PENMF) will have the most upside in a rising price environment.

        I agree with Brent Cook that we really don’t need to explore for much more Uranium, as we have already found tons of it. What we need are companies that can flip the switch and go into production when the pricing starts rising to $40, $50, $60 + and beyond. When that happens and the investment marketplace realizes we don’t need 50 different companies in the Athabasca, then the quality projects like Nexgen, Fission, Canalaska, and UEX will get taken out by the larger companies like Denison, Cameco, and Areva. As for the rest……..maybe a few more, but Africa and Australia will supply the rest of the Uranium the world needs.

        My long-term bet is on US insitu producers, but in the short-term, I’m not going to fight the fascination with the Athabasca Basin.


        • On August 6, 2016 at 11:18 am,
          Matthew says:

          Good stuff, Ex. I think a uranium boom is inevitable and now is the time to accumulate shares. In my opinion, UEX Corp is a relatively low risk “call option” that I believe has a lot more upside than UEC – at least short to medium term. So I’ve been accumulating it along with explorer ALX Uranium Corp.

          The long consolidation looks like it just might be ending:


          • On August 6, 2016 at 11:19 am,
            Matthew says:
          • On August 6, 2016 at 2:09 pm,
            Excelsior says:

            I agree that the “call option” on a rising Uranium market should spike UEX corp, ALX, and a number of the micro-cap exploration plays in the Athabasca basin on a percentage basis. Like I said above….”I’m not going to fight the fascination with the Athabasca Basin.”

            I’ve just followed this sector for a while and remember who the players were in the last Uranium cycle that topped out in 2011 with the Fukushima event, and then the downward slide in the entire commodity complex. Unlike the Gold or Silver or Oil / Nat Gas sectors, there are not many Uranium PRODUCERS, but the space is awash with 40-50 Explorers.

            1) For the Producers there are 3 Majors:

            (CCJ) Cameco, (ARVCF) Areva, and the private Russian conglomerate ARMZ (that bought out the Frank Giustra company Uranium One ). There are other contributors like the commodity conglomerate like Rio Tinto or National producers like Kazakhstan that also supply much of the market…….for now….. but investors can’t trade or get focused access to the Uranium story with those.

            BTW – Kazakhstan supplied about 23% of the worlds Uranium last year, but they have major problems developing because they did it cheap and dirty, have depleted their reserves, and their production is expected to taper off over the next few years. The other issue is Russia’s interest in Kazakhstan, and the fact that the US imports such a huge amount of Uranium from Kazakhstan.

            *I’d point KER readers to this Marin Katusa research article from last year where he lays out the information much better than I have time for here:

            The Future of Uranium: Three Major Takeaways from the 2015 World Nuclear Fuel Market Conference
            – Marin Katusa – June 26, 2015



            2) For the Mid-Tier Producers you have the gasping and wheezing (PALAF) Paladin Energy that is mostly into hard rock Uranium extraction, and the low prices have absolutely cleaned their clock. As mentioned above, “I am not sure if they are going to make it, go bankrupt, or get bought out…”

            Next up there is (EGRAF) Energy Resources of Australia, which I don’t really like or recommend for various management & environmental concerns.

            That investors with (UUUU) Energy Fuels, who is the clear leader in the US production, development, and exploration scene, and offers way more upside than Cameco or Areva, and way more stability that Paladin or Energy Resources of Australia. What I like is that they have 3 producing assets & the White Mesa Mill that they acquired from (DNN) when they pulled out of the US markets to go elephant hunting in the Athabasca Basin. 2 of these assets are the low cost “insitu” mines where they inject the fluids into the soil to dissolve and extract the Uranium, so it is much cheaper, less disruptive to the land, and much more environmentally friendly than the hard rock Uranium mines. The premier insitu mining company anywhere was (URZ) Uranerz, and (UUUU) Energy Fuels acquired them last year in a brilliant merger. Since that time they have also just acquired the private insitu producer Mestena Uranium in June. This gives (UUUU) a distinct advantage over Hard Rock only companies, and make no mistake about it, almost all the exploration frenzy in the Athabasca is hard rock…..but it is very high grade which makes it worth the candle. Those mines are just very expensive to build, have all kinds of permitting concerns, and they take a looong time to get going. Energy Fuels has acquired 2 other exploration companies in the US over the past few years that I held, along with many old Denison assets, so what most don’t realize is that (UUUU) has about 3-4 prior flagship hard rock assets under their umbrella for when prices do rise, and MOST IMPORTANTLY they have the mill to process the ore.

            3) Finally we have have the Small Uranium Producers:

            (URG) Ur-Energy – a very solid company, good results, good economics, off-take agreements in the $56-$58 area, and they will likely get acquired as the space further consolidates.

            (PENMF) Peninsula Energy is an Aussie company that is ramping up production at it’s In-situ project in Wyoming, USA. They just started producing in March of this year, so they are the new kid on the block. They also have a large hardrock project in S. Africa that they want to build into a mine by 2019.

            (UEC) – UEC corp has produced in small amounts and has an in-situ processing center, and about 6 satellite deposits that encircle it, so they are spending the downturn in U3O8 prices doing very little production, but have worked on permitting all those satellite deposits in a “Hub and Spoke” methodology. The permitting and exploration is what takes so long, but they have 3 permitted, and 4th that should be permitted soon. They’ll be able to jump back into solid production as soon as pricing warrants it, but they don’t have any long term contracts in place at present so they are more an optionality play at present.

            I would add that UEC is one of Rick Rule, Marin Katusa, and Doug Casey’s favorite picks, and Amir Adnani is one of the best up and coming CEOs out there. He is also the CEO of Brazil Resources, for those that follow that company. Lastly, UEC is one of the most liquid Uranium stocks out there, so it has attracted big institutional buyers or juggernauts like George Soros, because they can move in and out of large blocks (unlike the more speculative exploration companies).

            (URRE) Uranium Resources is a past producing company, that has been around for decades, but their share price has really been whacked the last few years, and they did a reverse split, sold off some non-core assets, and have tidied up their balance sheet. They bought the Turkish in-situ near-term production company Anatolia Energy last year, and will be moving it into production shortly. Again the low cost advantage to move into production quickly and efficiently, and the short lead times to get things going, is a HUGE advantage over the Hard Rock miners all over the planet (including the Athabasca).

            (DNN) Denison is unique in that is has it’s fingers into many pies. It still get’s tolling royalty from Energy Fuels on the White Mesa mine, and has some royalties on a few of their projects, and it get tolling credits from the Mill in the Athabasca that it has partial ownership of, along with Cameco. As mentioned previously, it also has the environmental remediation division that brings in more revenues. They are exploring and have hit some high grade in Canada like everyone is, but the difference is that they can jump right into production using their mill and don’t have to build something out, and they have been producers in the past so they know and understand the whole process.

            (BNNLF) Bannerman Resources in Australia is getting ready to go into production with their Namibian uranium project Etango, and that is an exciting story to follow and one of the most advanced projects in Australia.

            (BOE.AX) Boss Resources is another Australian company that is a near-term Uranium Producer as they bought the Honeymoon Project from the old Uranium One portfolio and are rapidly moving it into development. It is definitely going to be a contributor to the global Uranium space.

            (TOEYF) – Toro Energy is yet another Aussie development and near-term production story where they are taking their Wiluna Project into development and had a few hiccups on their resource, that have been resolved and improved but they are moving towards a production decision.

            (GVXXF) GoviEx Uranium – They are an African Uranium player that have their mining permits granted in Niger & Zambia and also have properties in Mali. Some of these are the properties that Denison sold them and JV’d with them through their subsidiary Rockgate Capital on a share transaction and all of this just played out a few months ago. They are one of the most interesting African Uranium development stories out there, but with a partner with the experience of Denison, these will be moving forward to production in the foreseeable future.


            So now we see the dilemma…… How much more Uranium Exploration do we really need at this point?

            Sure, the Athabasca basin is incredibly high-grade, but there are also terrible water problems with most of the deposits, and this has been a thorn in Cameco’s side the whole time they’ve been operating there, where they have to actually freeze the ground far in advance of even drilling or mining it.

            As a result I can only believe that a few of the exploration plays that currently are so “hot” will stay that way longer term.

            (NXGEF) Nexgen is the undisputed best exploration project in the Athabasca based on Grade, Economics, and no water issues. That is why they’ve grown so much this year in share price, got a bit frothy, and have actually pulled back nicely for those that don’t have exposure to it yet. They also just put out press releases in July with more off the charts drill results. It is one of the most significant mining discoveries of any type of commodity in Canada over the last year or so.

            (FCUUF) Fission has also had many high-grade discoveries, and got the Athabasca super-charged after the success that Hawthor had before getting acquired. However, Fission has a lot of water challenges to deal with. I still believe they’ll get acquired, and Denison tried last year, but the deal fell through. They may try to put that deal back together again with different terms though.

            (DNN) Denison – I’ve already covered all their advantages, but should mention, they’ve had some awesome exploration results in the Athabasca as well, along with all their JVs in the US, Africa, and Canada, and the mill w/ Cameco. They may not have the crazy returns of the other explorers, but they are far more solid and experience, and won’t just be flash in the pan either.

            – BTW – Don’t forget that Denison also has JV projects with the Prospect Generator Eros Resources Corp (BPUZF). 🙂

            (CVVUF) Canalaska has outperformed most of the Uranium Explorers because of their multiple exploration projects and great drilling results. As previously mentioned, they also have Diamond exposure now, and I could see that getting spun out separately. They operate on more of a Prospect Generator model, with lots of JVs going on, and are definitely one of the players and may get acquired down the road.

            (UEXCF) UEX Corp is an established explorer in the Athabasca that I’ve been in and out of for years, but got re-positioned in 2016 because they have so many JV projects going on [especially with Areva]. Areva is a huge French player second only to Cameco, and they’ve been relatively quiet for the last 2 years. I could see them acquiring a few different explorers in the Athabasca and UEX Corp would be the obvious pick.


            Again, for all the other Uranium 30-40 exploration companies, sure they may have short blips up or there may be a few more surprises, but the world doesn’t really need to find more Uranium, they just need higher prices to get all these projects moving again. A few may get acquired, but most will die on the vine when all the larger players put their assets back into production.

            I hope people found this helpful, as my hands are hurting from typing.


          • On August 6, 2016 at 2:35 pm,
            Excelsior says:

            Darn – I forgot to cover Western Uranium (WSTRF) in the article up above under development stage near-term producers. I’m pretty exhausted, so I’ll just let you hear their story from the CEO. He had a good interview on Palisade a few months back.


            George Glasier: Uranium Legend Talks Upcoming Uranium Boom and Best Way to Play
            BY COLLIN KETTELL ON MAY 25, 2016 – Palisade Radio


          • On August 6, 2016 at 2:54 pm,
            Matthew says:

            Thanks for taking the time, Ex.

            I am aware of Adnani and his very well-touted companies and believe that they are relatively over-owned at this point. So it’s not the quality of the assets that I am questioning (or endorsing) but rather the relative value and technical setup of each, at this time.

            I believe that UEX is simply a better value than UEC right now and will, therefore, outperform it over the short to medium term. By the same token, I believe that JAG is a much better value than Brazil Resources resources right now. Katusa and Krew might disagree but one prominent billionaire has joined me in that view.

            Speaking of Katusa, he appears to have a pretty grand opinion of himself these days.

            Particularly cringeworthy and downright laughable is his claim that an interview he did was responsible for the big gains in the miners this year.


            He’s a smart guy but there’s an obvious hole in his understanding of the way the market (and nature) works.

            Btw, Cameco holds close to 20% of UEX.

          • On August 6, 2016 at 3:13 pm,
            Excelsior says:

            Matthew – Great thoughts as per usual!

            I agree will all 3 points:

            1) UEX Corp will likley outperform UEC corp on a percentage basis, based on the technical set ups, but longer term, I think investors may be surprised by the gains in UEC. I won’t be surprised to see it trading in the $10-$20 range in 2-3 years.

            *As a shareholder of both companies, I’d like to encourage a little friendly competition in share price appreciation. 😉

            2) I also believe Jaguar Mining (JAG) (JAGGF) is a better value proposition than Brazil Resources (BRIZF),and have been mentioning it over over a year one of the best turn around stories out there (like Aurcana and Nicola Mining). I owned Jaguar (JAG) at the peak of Gold mining boom from 2010-2012, so I’ve been watching their operations for a while now. I started acquiring shares gradually in it during late 2015 and then kept acquiring shares into early 2016, once they came out of credit protection with all their assets and then restructured.

            3) Yes, I saw that Marin Katusa article you posted as well, and shook my head laughing when I read it. His self-acclaimed interview did not move global mining markets anywhere but in his own mind….. 🙂 He has grand opinion of his results and is a bit smarmy; but I’ll confess to reading his research and following his picks because he is quite sharp.

            Anyway, I’m all for UEX Corp blasting to new heights. Bring it on!!!

          • On August 6, 2016 at 4:21 pm,
            Excelsior says:

            Matthew – I’ve considered UEX a good takeover candidate for a while, but always assumed it would be Areva that would do it because of all their JV projects:

            * Shea Creek – JV with AREVA, 50.9% owned by AREVA and 49.1% owned by UEX.
            Hosts one of the largest undeveloped uranium resources in the Athabasca Basin
            **In addition to the project at Shea Creek, the Western Athabasca Project consist of eight other project sites

            *Black Lake Project – Joint venture with AREVA, 9.08% owned by AREVA and 90.92% owned by UEX as the project operator. Uracan has the option to earn up to 60% interest in the project by spending $10 million in exploration costs Located in the largely unexplored part of the Athabasca Basin.

            * Riou Lake project 100% owned and operated by UEX Corporation (maybe they’ll JV that one out as well…..

            * The latest project they brought on is their Christie Lake Project: Joint Venture with JCU (Canada) Exploration (JCU), 90% owned by JCU and 10% by UEX as the Project Operator. UEX has an option to earn up to 70% of the Project.


            Matthew: You raise an interesting point that Cameco Corporation owns 16.87% of UEX.

            Maybe Cameco will buy out UEX and then just work those JVs with Areva, or buy back the interests in those projects.

            Areva better get on the stick or it is going to be left behind…..

          • On August 6, 2016 at 4:32 pm,
            Matthew says:

            My mistake; I was thinking Cameco owned over 18%. I shouldn’t have said “almost 20%.”

            I don’t think we will care which one takes them out if it does happen.

          • On August 6, 2016 at 5:29 pm,
            Excelsior says:

            🙂 Agreed.

            BTW – Matthew I just spent a little more time looking at the ALX Uranium chart you posted. Looks like it is ready to start taking the hike back up the mountain. Thanks!

          • On August 7, 2016 at 12:33 am,
            Archdeacon (!) Andrew says:

            Brazil Resources gives one the best of both worlds: PMs and uranium.

        • On August 6, 2016 at 11:55 am,
          Matthew says:

          It’s mean-reversion time for uranium:


        • On August 6, 2016 at 7:35 pm,
          dragonite says:

          Excelsior, thank you very much for the reading material. I have seen in the early bear market, 400 uranium companies have created about 50 survivers. These 50 have very strong staying power. The uranium physical market is opaque. with the low oil and gas price, we may stay low for a while.

          The reason I did not read and post here is I have changed job early in the year. The amount of work in the new company has driven me crazy. Even with encouragement of precious metal, I simply have no time and energy to post.

          Thanks again.

          • On August 6, 2016 at 7:56 pm,
            Big Al says:

            Thanks f of your opinions on all of these comp as nies, gentlemen.

          • On August 6, 2016 at 9:17 pm,
            Excelsior says:

            Thanks Dragonite. Good luck with the new job and hopefully we’ll hear from you once in a while. All the best.

          • On August 6, 2016 at 10:46 pm,
            dragonite says:

            I will try.

          • On August 7, 2016 at 10:52 am,
            Tad says:

            Great reading guys! Thanks for the info Ex & Matthew.
            A great synopsis of the entire sector.
            My faith in Energy Fuels has been restored 🙂

          • On August 7, 2016 at 12:19 pm,
            Excelsior says:

            Hi Tad – Energy Fuels will do just fine longer term and has become the largest US producer with a huge pipeline of projects. I believe UEC may outperform on a percentage basis though. I am also curious to see how things will develop for URG and WSTRF.

            Then as Matthew mentioned some of the smaller exploration companies like UEX will outperform even more……as exploration and optionality plays often do….

            Nobody knows when Uranium will start it’s move up, but it will be just like the PM move earlier this year, where people are surprised, then shocked, then in disbelief of the gains. Those that are not in position will miss the easy gains, but there is opportunity cost in missing other gains when at present the Uranium price and miners aren’t really doing much of anything.

            Personally, I am swing trading the key companies I like in the US, Canada, Australia, and Africa where I’m trimming into strength and buying into weakness to keep a core position in each of them and to keep lowering my cost basis below where they are currently trading…..and waiting. I finally reduced down some of the positions earlier in the year though, as the action had clearly moved into the PM miners, and I wanted to get more active there. If it looks like the PM miners are in for a corrective period, then I may move some extra funds back over to Uranium group during that period hoping they’ll run counter-cyclical to each other.

          • On August 8, 2016 at 7:40 am,
            jhpace1 says:

            I was in Uranz Energy Corp before it merged & changed its’ name to Energy Fuels (UUUU) in June of 2015. My 500 shares became 127, and I am still down 46%. So I watch Energy Fuels with a skeptical eye, and I do not trust any energy or uranium companies, nor have any similar stocks other than Duke Energy and ExxonMobil, which are similar long-term plays.

          • On August 8, 2016 at 9:18 am,
            Excelsior says:

            jhpace1 – I also owned a nice chunk of shares in Uranerz during the merger, but sold much of that position into one of the counter-trend rallies right afterward in June, on the news when they joined the Russell 3000 index. Since technically Uranium has stayed in its bear market, then it has been bad to just buy and hold (just like when the PMs were in a bear market the last 5 years).

            I’ve only kept in place core positions in the companies, but have much lower cost basis amounts in the Uranium stocks they where they are trading today, through buying into weakness, and selling into strength repeately. Buying and holding is not the best proposition in a Bear market in any asset class, but I have no doubt that you’ll recover those losses over time. (UUUU) is a very well run company and represents much more upside potential than Duke or Exxon IMO. Energy is a very turbulent sector though, and not without risks.

            May you do well with your investments.

        • On August 7, 2016 at 5:14 pm,
          Excelsior says:

          Denison Reports Results From Encouraging Q2 2016, Including Further Exploration Success and Initiation of Pre-Feasibility Study at Wheeler River
          TORONTO, ONTARIO–(Marketwired – Aug. 4, 2016)


          • On August 7, 2016 at 5:22 pm,
            Excelsior says:

            As mentioned above regarding Denison:

            Besides their exploration success, work on the PFS, the business combination in Africa with GoviEx Uranium, and the JV partnership with Skyharbor Resources at Moore Lake, they brought in real revenue through the mill. This is why I believe they are better positioned than just a typical explorer in the Athabasca, and why controlling part of the mill is so crucial.

            (DNN) Earned $2.4 million in toll milling revenue during first half of 2016 from McClean Lake

            The McClean Lake mill, in which Denison holds a 22.5% interest, packaged approximately 8.6 million pounds U3O8 during the first half of 2016, for the Cigar Lake Joint Venture (“CLJV”), generating toll milling revenues for Denison of $2.4 million. The Cigar Lake mine’s expected annual production for 2016 is 16 million pounds.
            Received approval for annual production of up to 24 million pounds U3O8 per year at the McClean Lake mill

            The Canadian Nuclear Safety Commission (“CNSC”) has authorized an increase to the annual rate of production at the McClean Lake mill, from 13 million pounds U3O8 to up to 24 million pounds U3O8 per year. The regulatory approval supports a progressive ramp-up of the mill in line with the Cigar Lake mine’s expected annual production of up to 18 million pounds U3O8 per year starting 2017.

        • On August 7, 2016 at 7:10 pm,
          Canuckski says:

          Wow. What an awesome summary Excelsior. Very much appreciated. The added bonus for me comes with the injection of Matthew’s insight (UEX) and the point where you offer a glimpse into your perspective on the 2-3 year time window for UEC. Keep it up!

          • On August 7, 2016 at 10:00 pm,
            Birdman says:

            ^Rolls Eyes^

          • On August 8, 2016 at 1:23 am,
            Excelsior says:

            Thanks Canuckski. Glad to share.

        • On August 8, 2016 at 1:48 am,
          Excelsior says:

          (UUUU) Energy Fuels Announces Q2-2016 Results
          LAKEWOOD, CO, Aug. 5, 2016


  6. On August 6, 2016 at 4:04 am,
    Bobby says:

    Time to focus on the youth of this country.
    How do they want to shape the country going forward?
    How about some millennial guests?
    How many readers/listeners here are under 30?

    • On August 6, 2016 at 6:30 am,
      DFS says:

      How many people under 30 have much investment capability?

    • On August 6, 2016 at 8:46 am,
      Big Al says:

      Consider it done, Bobby!

  7. On August 6, 2016 at 5:34 am,
    Bobby says:
  8. On August 6, 2016 at 7:31 am,
    OOTB Jerry says:

    Come out from among them.

  9. On August 6, 2016 at 7:57 am,
    pardu says:

    Thanks for the things you do Big Al. How you treat people and how you address issues are a reflection of how well you have navigated your life and became a force for reason and good. On the issue of negativity, I have always thought that constant criticism and negativity is like being nibbled to death by a duck. It does not contribute to anything worthwhile. I agree with Chris that the only person you can change is you and the only attitude you can influence is yours. Rather than praying for our circumstances to change, it is better to pray for the ability to rise to the challenges and to be a force for good to counter the forces of negativity. One thing that has really made the difference in my life is something I came to understand towards my last months in the U.S. Navy. As I gazed at the stars and the universe while on perimeter security in the jungle around where my ship was moored, I began to ask those great questions in life. The questions like who am I? What is the universe all about? Is there a God and what is he like? What is the purpose of life. As I pondered these great questions in my young life, I came to understand who I am, where I came from, why I am here or what is the purpose of life, and what happens after this mortal life. Once I understood these things, it has become the anchor in my life, which has directed it to do much of what you and Chris have talked about. Things don’t matter. What we do in life and how we bless the lives of others and what contribution we make in life makes all of the difference. Now that I am older (almost as old as you Al) I can look back on my life and see the hand of God in it at all of the important junctures or crossroads where he gently nudged me on the paths that have blessed my life. If we allow ourselves to be influenced by that which is good, our paths will be joyous ones. Just my thoughts on the matter. Thanks for the show.

    • On August 6, 2016 at 8:49 am,
      Big Al says:

      Serious question – do we know eachother?

  10. On August 6, 2016 at 8:07 am,
    Archdeacon (!) Andrew says:

    Really well expressed Pardu, thank you. I’m greatly helped by the short prayer:
    ‘God give me the courage to change the things I can, the serenity to accept the things I can’t and the wisdom to know the difference’.
    Best, A

    • On August 6, 2016 at 8:50 am,
      Big Al says:

      As always Andrew, God bless you!

    • On August 6, 2016 at 12:02 pm,
      pardu says:


  11. On August 6, 2016 at 9:27 am,
    Dragonite says:

    Just add one point of preserving wealth. North Americans have becoming unbelievable wealthy during to last century. If we preserve our wealth, in case a financial crash, other people will become much poorer. Then labour becomes cheaper. Since over 80% we buy are service related, we may buy more labour with our maintained wealth. Many of my classmates in china can afford things like nanny or any service. The delivery of beer, alibaba purchase is nearly free. The reason is that there are lot of people relatively poor and they are willing to sell their labour cheaply. After a financial crash, government may not be able to maintain same level of welfare, people may have to work even they don’t like it.

    • On August 6, 2016 at 7:59 pm,
      Big Al says:

      Interesting point, ,Dragonite.

  12. On August 6, 2016 at 9:51 am,
    DFS says:

    Every 5 days now, in the last month.

    So where are all the clerics condemning violence?

    Religion of peace, or religion of hate?

    It is in no way a religion of tolerance!

    • On August 6, 2016 at 12:46 pm,
      Robert Moriarty says:


      If you create 65 million refugees, how many of them will eventually decide to get even?

      It’s not a religious issue. The same thing would be true if the refugees were Mormons or Baptists or Catholics or Jewish.

      • On August 6, 2016 at 3:20 pm,
        DFS says:

        You have made that comment several times Mr. Moriarty. I am not in favor of the overly aggressive nature of the US MILITARY-industrial complex, but you are more intelligent than to parrot MSM Propaganda.
        Do you actually know the percentage of Killings actually performed by refugees or the children of refugees?
        The percent of assaults, especially of females is high, but most of the killings have not been performed by refugees.
        Even more relevant is the fact that many have been carried out by men of Pakistani origin, so your thesis of retaliation due to provocation seems to me to fail.
        In my opinion, it IS the religion, or to be more specific, certain factions within the religion.
        The silence of clerics condemning all attacks, however, is deafening. They continue to misogynistically promote Sharia, which is incompatable with the US Cconstitution. They still proclaim apostasy to be a mortal sin.

          • On August 6, 2016 at 8:06 pm,
            Big Al says:

            On this issue I agree with you Professor.

          • On August 7, 2016 at 8:44 am,
            Big Al says:

            “Something Wicked This Way Comes”

        • On August 7, 2016 at 1:12 am,
          Robert Moriarty says:


          Muslims around the world feel as if they have been targeted by the west.

          The reason they feel that way is because they have been targeted by the west.

          It’s called blowback.

          You haven’t seen anything yet. There is no way to prevent the attacks so they will continue to increase until the west figures out that chaos in the Middle East has created the entire problem and one country is behind all of the chaos.

          Until the Zionists learn to live in peace instead of constant war with their neighbors, they will be increasing chaos in the rest of the world.

          • On August 7, 2016 at 8:18 am,
            Big Al says:

            Probably have been, Robert.

            What are your comments about many or all of the terroristic acts? My guess is that many of those individuals were created by others.

            How do we put the toothpaste back in the tube, in your opinion?

          • On August 7, 2016 at 8:21 am,
            Big Al says:

            You answered my question.

          • On August 7, 2016 at 9:56 am,
            Robert Moriarty says:


            Really good question about putting the toothpaste back in the tube. I don’t think it can be done and taking all hope from people is a bad idea because dying starts looking like a good alternative.

            Muslims all over to world are pissed and all of the refugees have an attitude. Yet no one is talking about how the refugees are created.

            You and I talked about the police shooting people in the US and why it was a bad idea because while there are 1 million armed police there are hundreds of armed citizens. Blacks are being targeted and they are rightfully angry. But you can’t prevent an ambush on the police so the only way to stop it is for police to stop thinking they are 007.

            I can’t find the quote but it was something like the policed killed more people in the US in the first half of July as the British police have killed in 40 years. The police in the US are out of control and that’s how revolutions start.

          • On August 7, 2016 at 10:54 am,
            Big Al says:

            Yes it is how they start, Robert

        • On August 7, 2016 at 8:56 am,
          Big Al says:

          I agree with you Professor. I have heard both sides of this story many times.

          I know that you are not a Christian, but that does not mean that you are not a good person.

          Seems to me that the only answer is Jesus’ Proclamation of the Kingdom”

          Too many people will never let that happen and too many Christians will not stand up!

          • On August 8, 2016 at 7:59 am,
            jhpace1 says:

            Good point, Big Al – only Jesus (and His host) can bring resolution to the Middle East. And to the rest of the world.

            Come quickly, Lord Jesus.

      • On August 6, 2016 at 8:04 pm,
        Big Al says:

        Professor. I DISAGREE! !

        • On August 6, 2016 at 8:06 pm,
          Big Al says:

          Not sure how my response got here.

      • On August 7, 2016 at 10:45 pm,
        DFS says:

        What has Germany done to Pakistan?
        What has Sweden done to Pakistan?

        Sweden is not even a member of NATO, So don’t try to BS me about it not being a religion problem. Sweden has attacked no one. Caused no refugees. But out of kindness accepted refugees, and hundreds of its women are being raped.

        • On August 8, 2016 at 12:52 am,
          Robert Moriarty says:

          If you were a refugee you would have an attitude. And it has nothing to do with your religion. Have you no sense of what those people have gone through? For the world to have created 65 million refugees is obscene.

          There is no solution to the problem except to stop creating refugees. And that is the one part of the equation no one wants to talk about.

          • On August 8, 2016 at 7:58 am,
            Big Al says:

            Interesting Christian movie out there that examines the Israeli actions.

            I think that I know where it is going. Will watch it later today and report back.

    • On August 6, 2016 at 1:20 pm,
      B says:

      Your right dfs, personally, I dont believe any god of abraham religion is a religion of tolerance.

      Aug 06 What Sort of Society Feels Absolutely Nothing After Killing Hundreds of Children? UglyTruth

      From 321 gold if the link doesnt work.

      People with weak stomachs might not want to see that.
      But one interesting thing, it shows their mocking of Christianity.

      I will never understand why christians support them so much, they blatently say Jesus worship is idoltry and gentiles have no meaning in life but to serve etc etc

      Sickness really.

      • On August 6, 2016 at 8:09 pm,
        Big Al says:

        Does appear to be a sickness, B or whatever you choose to call it.

    • On August 6, 2016 at 8:03 pm,
      Big Al says:

      Some are condemning it. Google your question as I did.

      Unfortuneately not nearly enough!

  13. On August 6, 2016 at 10:08 am,
    Markedtofuture says:

    Lead Attorney In Anti-Clinton DNC Fraud Case Mysteriously Found Dead

    Call it conspiracy theory, coincidence or just bad luck, but any time someone is in a position to bring down Hillary Clinton they wind up dead.


    • On August 6, 2016 at 8:11 pm,
      Big Al says:

      That is certainly interesting! Guess where my vote is not going?

  14. On August 6, 2016 at 10:13 am,
    DFS says:

    As everyone now knows the job numbers were fake.
    We’ve all known for years that the unemployment numbers were fraudulent, by the government not counting people who were unemployed, but had given up looking for a job. Even some reporters in the biased media were beginning to catch on and occasionally reporting U6 numbers along with U3.
    Now we get employment numbers that don’t look good, so they are fixed!
    Add in an extra 130,000 give or take in excess seasonal adjustment. Add in an extra 30,000 teachers just hired in June by local government (June! That smells. But probably due to some Federal program just timed right!). Why should I believe anything coming out of the Federal Government anymore?
    Well some statistics are not yet manipulated for public consumption, because they start out from State numbers. Sales receipts, Tax collection data, still seem reasonably accurate.
    When will the media report what is true and not what is fed to them?
    I have no idea. Thank goodness for the Internet.
    I do wonder how long it will be before the Internet is gagged, however.

    • On August 6, 2016 at 12:00 pm,
      Ebolan says:

      Are you related to CFS? 🙂 Do you know what happened to him?

      Did he lose his war with his iPad? I’d hate to hear that his iPad ate him! They can be beastly contraptions…

      • On August 6, 2016 at 12:16 pm,
        DFS says:

        One and the same, but I did not want to break my word of leaving the site because the noise level had gotten too high, with posters claiming others to be wrong or stupid or whatever. While I do state opinions, I also try to post information content, or try to explain my reasoning with facts and logic. I’m still battling my iPad, but return to CA and real computers (one Mac and two Windows machines.) in a week.

        • On August 6, 2016 at 12:20 pm,
          Ebolan says:

          You post a lot of good links. Have you ever considered starting a web site of links and your own commentary? Something I thought of but never did due to time constraints.

          • On August 6, 2016 at 2:37 pm,
            DFS says:

            I’about to live solely in California, instead of globe-trotting, so I will probably have more time. I don’t know. I have to build an art studio and do solar stuff first…….. I never seem to have spare time.

          • On August 6, 2016 at 5:08 pm,
            Excelsior says:

            I appreciate your posts DFS. Keep em’ coming….

          • On August 7, 2016 at 8:35 am,
            Big Al says:

            As we all do, Ex

          • On August 6, 2016 at 8:13 pm,
            Big Al says:

            Settling north of Winsor?

        • On August 7, 2016 at 10:56 am,
          Tad says:

          Nice one DFS. Welcome back.

  15. On August 6, 2016 at 12:06 pm,
    DFS says:


    Scum in power.
    What the zerohedge article did not include……
    The Republican mayor of Stockton is also allegedly refusing to assist enquiries in an unsolved murder of a 13 year old, that appears to have been shot with a gun connected to the mayor. ……so many stories are not reported of people in power!
    STOCKTON — The District Attorney’s Office says Anthony Silva, who was arrested Thursday morning, has refused for more than two weeks to cooperate with investigators seeking information about the mayor’s recovered gun, which was used in the unsolved 2015 killing of 13-year-old Rayshawn “Ray Ray” Harris…. Mercury news, yesterday. The DA ia a Democrat.

  16. On August 6, 2016 at 12:50 pm,
    Ebolan says:

    Mr. Big Al Korelin (and anyone else who cares to comment on this), I agree with what you say about attitude. It makes all the difference between a happy (or at least relatively happy) life or a miserable life. We don’t have control over everything that happens to us but we do have control over how we react. You must change your inner world before the outer world changes for you.

    That said, I don’t know if reading books, being in discussion groups or even various forms of psychotherapy can make a difference for most. From what I have read much our personality and outlook on life is formed before adulthood and does not change. Also, much of personality is genetic. So I think for most, changing their outlook on life is very hard once they are adults and from what I have seen most fail. I think you are the rare exception, Mr. Big Al, not the rule.

    That said, I think it can be done for some but it takes a lot of effort. It must be something that is incorporated into everyday life and becomes habit, like brushing your teeth, eating, etc. So each day one must set aside time to read books such as you mentioned and reflect on them, reflect on what you have to be grateful for, if you are spiritual, practice your spirituality, etc. And one MUST be able to be aware of their negative thoughts and let them go the instant they enter their mind or replace them with a positive thought. You would be amazed at the number of people who don’t even recognize their negative thoughts even though they are these thoughts are their constant companions. I will admit I am a grumbletonian by nature so for me all this is like swimming against the current, a very strong current.

    Mr. Big Al Korelin, what was the book you mentioned in the beginning of segment 2? I heard Life is Worth Living but when I googled that the first thing that comes up is a Justin Bieber song! Ugh..barf. (I am pretty sure you weren’t referring to that. 🙂 ) As far as I can tell there is no book with that title written by Norman Vincent Peale.

    • On August 6, 2016 at 4:30 pm,
      Excelsior says:

      Good thoughts Ebolan. I am big believer in personal development, because we all have work to do, but most people are not willing to do the work to change or like you mentioned, they don’t make it a habit that gets incorporated into daily life.

      Still the world throws negativity in our faces every day in the news, in movies, in print, and in daily conversations with the human race. Garbage in – Garbage out. I takes the input of positive information, or specialized knowledge, to grow to new levels, and to fill the cup back up to the half “full” perspective, versus half “empty”.

      It may be some of the greatest work we can do as humans at this phase of our existence….try to grow and make known the unknown.

      There is a saying from a personal development coach whose books and tapes I read decades ago —- Jim Rohn. I’d recommend his information to anybody, and it probably can be picked up for pennies on the dollar on Ebay or Amazon.

      He had a quote that sums it up: “I’ll work on me for you, if you work on you for me.”

      • On August 6, 2016 at 4:34 pm,
        Excelsior says:

        Here are a few more Jim Rohn Quotes while he’s on my mind:

        “Formal education will make you a living; self-education will make you a fortune.”

        “Never wish life were easier, wish that you were better.”

        “Discipline is the bridge between goals and accomplishment.”

        “If you don’t design your own life plan, chances are you’ll fall into someone else’s plan. And guess what they have planned for you? Not much.”

        “Either you run the day, or the day runs you.”

        “If you are not willing to risk the unusual, you will have to settle for the ordinary.”

        “Success is nothing more than a few simple disciplines, practiced every day.”

        “Happiness is not something you postpone for the future; it is something you design for the present.”

        “We must all suffer one of two things: the pain of discipline or the pain of regret or disappointment.”

        “Motivation is what gets you started. Habit is what keeps you going.”


        • On August 6, 2016 at 8:19 pm,
          Big Al says:

          Great comments, Ex!

          • On August 7, 2016 at 12:33 am,
            Excelsior says:

            If you’ve never checked out Jim Rohn, he’s a staple of any good personal development collection along with Norman Vincent Peale, Zig Ziglar, Og Mandino, Napoleon Hill, Charlie Tremendous Jones, John Maxwell, Tony Robbins, etc….

            * Tony Robbins actually went to work for Jim Rohn when he was 17 and attributes Jim for getting him on the path to reading books like Earl Nightingale and personal development. It is worth hearing the audio with Jim as his delivery style is fascinating:

            Jim Rohn – VIDEO clip


          • On August 7, 2016 at 8:28 am,
            Big Al says:

            Thanks I had not heard of Rohn. He is good.

          • On August 7, 2016 at 12:58 am,
            Excelsior says:

            Top 10 – Best Personal Development Advice | Jim Rohn


        • On August 6, 2016 at 8:21 pm,
          JohnK says:

          Here’s another Shad:
          Your going to think anyway,you might as well think big.-D.Trump

          • On August 6, 2016 at 10:13 pm,
            Excelsior says:

            Thanks JohnK.

      • On August 7, 2016 at 8:38 am,
        Big Al says:

        Ex, take it from one who really knows. It is a never ending process. Might be never ending, but it is worth it.

        • On August 7, 2016 at 12:24 pm,
          Excelsior says:

          Agreed. I have a library chock full of mind expanding books, audio courses, and video courses that I’ve invested in over the years. The best investment one can make is to invest in their own growth and expanded perspective. Investing in stocks and ETFs is just to provide more means to assist the personal development process (and to travel 🙂 )

          • On August 7, 2016 at 1:23 pm,
            Big Al says:

            Absolutely correct, Ex!

    • On August 6, 2016 at 8:18 pm,
      Big Al says:

      I have the Peale book on my shelf.

      • On August 7, 2016 at 12:27 pm,
        Excelsior says:

        From Peale I have the books: “The Power of Positive Thinking,” “The Amazing Results of Positive Thinking,” “The Power of Positive Living,” “The Joy of Positive Living,” and “The Tough-Minded Optimist.” Classics!

        • On August 7, 2016 at 1:22 pm,
          Big Al says:

          You are correct “Life is Worth Living” was written by Bishop Fulton J Sheen.

          I am not perfect!

          • On August 7, 2016 at 3:31 pm,
            Excelsior says:

            Oh come on, you are “Perfect” at being Big Al! We wouldn’t have it any other way 🙂

          • On August 7, 2016 at 5:43 pm,
            Big Al says:

            Thanks Shad. Everyone needs a bit of encouragement now and then.

    • On August 6, 2016 at 9:20 pm,
      LPG says:

      Mindset makes the difference.
      Most other things then follow.
      My 2cts.

      • On August 7, 2016 at 8:30 am,
        Big Al says:

        Of course, LPG

  17. On August 6, 2016 at 12:54 pm,
    Ebolan says:

    The Clinton body count keeps on increasing. The toll will certainly soar if Killary becomes prez…


  18. On August 6, 2016 at 12:58 pm,
    DFS says:

    According to Michael Campbell on CKNW the number of times that Central banks around the world since the crisis in 2008 have cut interest rates is 666.
    All in pursuit of financial oppression, and to allow the permanent immorality of Government overspending and stealing from future generations.
    Now, probably knowing how destructive they have been, they appear to be considering hiding their malfeasance by introducing a plastic only society.
    Are these academics in their ivory towers completely nuts?
    Do they really think it is desirable (or even possible) to limit all monetary transactions to electronic only?
    How will one buy fruit from a roadside fruit stand? Will the vendor be forced to sell only in a location with mobile phone connections and have to call in every transaction?
    What happens during a power cut? No sales? What happens when one is out to sea? Are satellite phones now compulsory?
    I know there are great advantages to Governments, but even Iranians are smart enough to stop any tracking by demanding cash. My government is supposed to work for me; should I demand less.

  19. On August 6, 2016 at 2:44 pm,
    DFS says:

    Silver discussed by money metals and Neumeyer.


  20. On August 6, 2016 at 3:50 pm,
    Ebolan says:
  21. On August 6, 2016 at 3:56 pm,
    Ebolan says:
  22. On August 6, 2016 at 6:46 pm,
    Chris says:
  23. On August 6, 2016 at 8:38 pm,
    DFS says:

    This is 4 days old and long from Willie.

    I don’t know if I agree with all he says, but it makes one think.

    • On August 7, 2016 at 8:32 am,
      Big Al says:

      I don’t agree with much of what Jim says, but he does make a person stop and think.

  24. On August 6, 2016 at 8:43 pm,
    DFS says:

    This is the very latest Jim Willie

  25. On August 6, 2016 at 9:19 pm,
    DFS says:
  26. On August 6, 2016 at 9:29 pm,
    DFS says:
    • On August 7, 2016 at 8:29 am,
      Big Al says:

      Thanjs Professor, after studying the issue. I NEED NO MORE PROOF

  27. On August 7, 2016 at 6:00 am,
    DFS says:

    Peter Shiff talking about jobs

    • On August 7, 2016 at 8:13 am,
      Big Al says:

      Not a truly clean election is it, Profess!

  28. On August 7, 2016 at 8:30 am,
    DFS says:

    The Republican candidate was determined by the media.
    The media is mostly Democrat leaning, so we get a poor candidate.
    Clinton, the establishment Democrat candidate was pre-determined, so we get a choice between tweedledumb and tweedledumber.

    Democracy failed.

  29. On August 7, 2016 at 10:07 am,
    DFS says:

    The difference between the big zero and the Democratic Presidential candidate.

    • On August 7, 2016 at 11:08 am,
      OOTB Jerry says:

      Interesting clip

      • On August 7, 2016 at 11:21 am,
        OOTB Jerry says:

        Democrats are the New…,slave owners, creating urban slums ,

        • On August 7, 2016 at 11:32 am,
          Big Al says:

          Great comment Jerry!

  30. On August 7, 2016 at 10:16 am,
    Markedtofuture says:

    Stunning Video! Napolitano and Wikileaks Charge Hillary with Corruption!

    Published on Aug 6, 2016 by ProjectClarity

    Snippet…. Assange says that Debbie Wasserman Schultz and the DNC had close relations with Chuck Todd and the president of MSNBC. That MSNBC was directly involved with rigging the election primary.


    • On August 7, 2016 at 10:48 am,
      Big Al says:

      Remember my earlier comment (over a year ago) that we will so just how powerful this family, Clinton, really is.

      Well, I would now say VERY POWERFUL!

      • On August 7, 2016 at 10:58 am,
        OOTB Jerry says:

        Power,greed, corruption …

        • On August 7, 2016 at 11:00 am,
          OOTB Jerry says:

          Devil is having his way,with the family,..sad

          • On August 7, 2016 at 11:34 am,
            Big Al says:

            In some cases, Jerry

      • On August 7, 2016 at 11:03 am,
        Markedtofuture says:

        Big Al, that is not an understatement. Scroll down half way and check the empty seats video at the convention.

        DNC Insider: Clinton Being Pounded in Polls – Don’t Believe Mainstream Media!


        • On August 7, 2016 at 11:33 am,
          Big Al says:

          I saw that Market!

  31. On August 7, 2016 at 12:35 pm,
    DFS says:

    John Williams from CA with latest US statistics.


    • On August 7, 2016 at 10:33 pm,
      OOTB Jerry says:

      Like I said Friday, wait for the numbers from John Williams…..tells a different story on the numbers from the joker Fed

  32. On August 7, 2016 at 1:05 pm,
    DFS says:

    If I understand what Williams said by implication, is that Bill Clinton won because the statistics were skewed against Bush, this time they are being skewed to support Hillary.

    He confirms that the US Debt is being monetized. I would that there are few countries that are not monetizing debt; most only partly monetizing, of course.

    It surprises me that most people do not understand that running a deficit is immoral in that it is stealing from future generations.
    Also that inflation, desired by governments, is theft in two ways; it causes a transfer relatively of wealth from the poor to the rich, and it causes increased taxation, while reducing debt as a percentage of GDP.
    All countries throughout history have had deflation during any period of history in which the were great.
    Deflation has always been the natural state, as people get better at producing things.
    Inflation is only a natural state during periods of shortage or war.

    Notwithstanding what Williams says about gold, I am not sure it will preserve wealth during a period of collapse. Post collapse, I can believe gold/silver will rapidly regain value.

    • On August 7, 2016 at 1:19 pm,
      Big Al says:

      What about the barter ability of au and ag, Professor.

      • On August 7, 2016 at 4:24 pm,
        DFS says:

        Au has negligible barter use, but does have transportational use….easy to carry.
        Silver could have barter use for larger items, but not as much as other items, cigarettes, sugar, dried food goods, gasoline.
        When the collapse comes the government may not confiscate precious metals but may tax transfer of ownership. (this is perhaps my biggest concern)
        I expect some limitation of bank withdrawals, access to wealth, mandatory purchase of government bonds for IRAs, etc.
        It all depends on timing, who is in control at time of collapse, etc.

        • On August 7, 2016 at 4:58 pm,
          DFS says:

          I remember flying into Romania in the early seventies, carrying dollars, pounds and Dmarks on me, and bartering for goods (illegal as also in Russia at that time, since one was supposed to use the official exchange rate. I did not dare to exchange on the black market, but knew I could get a good price for buying a handmade carpet or pottery, by dealing with the person who made the item and using foreign currency.
          I would be asked perhaps a dozen times a day, usually by a lone twenties year old lone male to change currency, but although I felt desperately sorry for the poverty I saw, I would not engage in the black market in money. (Out of fear, not imposed morality. I intensely dislike dictators and most dictatorial forms of government.)
          I fear what kind of restrictive laws a desperate bankrupt US Government will impose.
          Many of the commentators are, of course, right in the short term……the US appears to be the best economy.
          There may come a time (possibly due to war) when it is no longer attractive.
          What happens when no one wants to buy government debt, at a time when there is a large trade deficit. (We need foreign buyers of debt to enable the trade deficit)
          Without foreign buyers of debt, the dollar declines. This is potentially unstable leading into inflation or hyperinflation, because we cannot control inflation by raising interest rates because of the total debt burden.

          • On August 7, 2016 at 5:41 pm,
            Big Al says:

            Great points, Profesor. Especially your comments about Eastern Europe. Dies make one stop and think.

          • On August 7, 2016 at 6:05 pm,
            B says:

            I tend to agree, silver wont have much “barter” value should tshtf.
            Gold might.
            Cigarettes,alcohol,pot,canned food,toilet paper, things people need would have far more purchasing power than silver.
            Older people might know what it is but young people? not a chance.

            Bitcoins another one, I can just imagine someone aproaching a huterite for eggs, “excuse me sir, would you give me a dozen eggs for this..well, its on here, really it is.”

            Best people can hope for, is not to get to this dreamed of point where silver is a currency.

            Government taking it for taxes would create some value, but other than that?

        • On August 7, 2016 at 5:42 pm,
          Big Al says:

          All very posSibley but why not prepare a bit anyway?

  33. On August 7, 2016 at 2:44 pm,
    OOTB Jerry says:

    Market opens in a few minutes. Gold going to be Shanghai..ed ……CCF

    • On August 7, 2016 at 3:02 pm,
      OOTB Jerry says:

      Could get interesting.

  34. On August 7, 2016 at 8:07 pm,
    Matthew says:

    JAG looks like it needs a rest here but I won’t be selling any:


  35. On August 7, 2016 at 8:33 pm,
    Matthew says:

    GDXJ is at “382” Fibonacci arc resistance based the moved down that began in September, 2012:


    • On August 7, 2016 at 8:54 pm,
      Matthew says:

      Caution is clearly warranted here especially if Friday’s poor action is followed by more of the same this week. We always expect some jobs day shenanigans but they just might have coincided with a somewhat significant top this time.

      More risk averse types might consider trimming or hedging sooner rather than later but I will be watching for a break of the trendline support followed by a close or two below the potential double top neckline:


      • On August 7, 2016 at 9:48 pm,
        DFS says:

        Volume was not indicating a follow through of Friday’s drops.
        Volume dropped off as gold dropped. Momentum going down dropped off.

  36. On August 7, 2016 at 9:01 pm,
    Matthew says:

    Of course, those who play individual stocks should assess them individually. There are still many good values and some happen to be a technical buy right now.

    • On August 8, 2016 at 7:59 am,
      confused says:

      Matt, very true! I’ve got a theory; we are heading into seasonal for the PM’s and should ride a nice leg up if we hold support levels. This will last until mid-October. At that point if Trumpy looks like he will lose the election, all those specs will run for the exits and take gold to the sub $1200 area. This will clear the decks for another nice run in 2016 and bring back that “U-Shaped” recovery Doc man is looking for. Should Trump get elected $1500+ is a certainty. There are a lot of specs biding this political possibility right now.
      Matt any thoughts?

      • On August 8, 2016 at 9:16 am,
        Matthew says:


        We’re getting the kind of action that the bulls needed after what happened on Friday so higher prices are still very possible. (My portfolio is at new high for the year even though none of my individual holdings are – that’s thanks to rebalancing.)

        There might be a lot of specs bidding based on the election but I don’t believe that any of them are important/large. The fundamentals/technicals thoroughly support this new cyclical bull market and there’s not much anyone can do about it.

        There will eventually be some scary downside action but this is true of any bull market in any sector at any time and in any political environment.

        • On August 8, 2016 at 10:49 am,
          Shootingfish says:


        • On August 8, 2016 at 11:32 am,
          confused says:

          Matt, thanks for your take. I am thinking of buying a position in Aurico Metals inc. There has been a lot of insider buying of this issue and has not yet made the substantial gains of other similar players in the field. Tompson/Reuters has 2 analysts calling it a “Strong Buy” here. They have a few royalties, bank financing and a pretty nice chart from what I can tell.

  37. On August 7, 2016 at 9:43 pm,
    DFS says:
    • On August 7, 2016 at 10:21 pm,
      OOTB Jerry says:

      Glad you posted this sgtreport. … ,l just listened to ,then l opened the link. It just keeps getting better. Some interesting info on the demolition of building 7 .

      • On August 7, 2016 at 10:27 pm,
        OOTB Jerry says:

        Rick Ackerman needs to check out this girl’s story, then check with his demolition expert.

  38. On August 7, 2016 at 9:48 pm,
    Matthew says:


    The battle for the 377 week EMA has been raging for five weeks now but the bears will fail whether the bulls give them a little more time or not.


  39. On August 7, 2016 at 10:04 pm,
    Matthew says:

    There are plenty of good reasons to be careful here but, based on the weekly charts, the miners could easily continue to grind higher.


    • On August 8, 2016 at 9:46 am,
      Marty says:

      Point & Figure price objective for the HUI = 379. Currently 278

  40. On August 7, 2016 at 10:22 pm,
    DFS says:

    I believe that while one may be able to squeeze extra profit by careful leveraged trading, that it is not necessary, because the bull market will save any people who just buy and hold……….as long as they can hold long enough.
    That is not going to be true in bonds or in many non PM stocks in the general stock market.
    I do see bargains beginning in agriculture/food stocks probable soon.

  41. On August 7, 2016 at 10:25 pm,
    DFS says:

    Demographics, the aging population will make healthcare related stocks less vulnerable to collapse, but many are currently over-priced, by normal metrics.

  42. On August 7, 2016 at 11:01 pm,
    DFS says:
  43. On August 8, 2016 at 1:03 am,
    Birdman says:

    That was a great comment from Dana about rotation shifts between asset classes. The notion that equity investors will suddenly shift to bonds or any other asset class overnight is more myth than reality. Even the pros don’t follow that method, preferring instead to stick to their own knitting and keep investing in what they know best.. Typically equity investors will move to inverse ETF’s, play the short side directly or simply exit the markets altogether when they sniff out trouble. But they won’t be abruptly piling into bond funds with each market move. Its why it takes so long for the market to adjust to a major trend change during its formative time.

  44. On August 8, 2016 at 1:27 am,
    Excelsior says:

    The Northern Miner podcast – episode 24: Back in action ft. Mickey Fulp


  45. On August 8, 2016 at 1:53 am,
    Excelsior says:

    Vale looking to raise $10B through Chinese streaming deal
    Andrew Topf | about 12 hours ago


  46. On August 8, 2016 at 2:14 am,
    Excelsior says:
  47. On August 8, 2016 at 3:22 am,
    Excelsior says:

    Gold and Silver Dominate the ETF Charts
    Bounceback, after years of pain, draws in more investors
    Aug. 7, 2016 – By GERRARD COWAN – WSJ


  48. On August 8, 2016 at 6:41 am,
    DFS says:
  49. On August 8, 2016 at 7:56 am,
    DFS says:

    Heavy buying in Asia will drag up Precious metals……..silver did not drop below $20 except for a few minutes on Friday.

  50. On August 8, 2016 at 9:26 am,
    DFS says:

    The CALPERS pension fund is currently only returning 10% of what is needed to pay current pension obligations. This raises an interesting dilemma; make payments out of capital or lower pensions, or raise taxes, or what will probably happen,; some combination.
    California is already on of the highest taxed states.
    Already companies are moving out of the state; to Texas, or Nevada……in order to escape taxation.
    As illegals move in and on a net basis receive money from the state, EVEN if they are working; retired persons are cashing in their property bank and moving out to lower taxed states.
    It is going to be entertaining to see the state solve this problem!