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Is a collapse in the Euro the next big driver for gold?

Cory
September 20, 2016

With Rick this morning we look at the Euro chart and the potential of the currency “collapsing”. This spurs from the discussion over the weekend that Deutsche Bank will be the start of a major move down in the Euro which will impact other European banks and significantly hurt the currency. From that point will investors flee into the US Dollar and Gold?

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Discussion
227 Comments
    Sep 20, 2016 20:56 AM

    Why must there always be fighting and killing? Why can’t we have peace in the valley?

      Sep 20, 2016 20:14 AM

      Human Nature, Bonzo!

      b
      Sep 20, 2016 20:21 AM

      I read somewhere there is no more creative time than war.

      Sep 20, 2016 20:36 AM

      Fallen human nature. Jesus the Son of Man was without sin.

        b
        Sep 20, 2016 20:43 AM

        Not according to some Jewish writings.
        I guess there is an opinion out there Jesus worship is idolatry worship and he boils in human excrement for eternity.

        They have not very nice things to say about Mary too.

        Its in the Talmud.

          Sep 20, 2016 20:00 AM

          The Jews never did, except for the converted Jews.

            Sep 20, 2016 20:01 AM

            I should qualify my statement.

            Sep 20, 2016 20:04 AM

            General statements, just leads to debates,which leads no where.

            b
            Sep 20, 2016 20:13 AM

            Just sayin not everyone agrees with Wayne.
            I find it interesting there is so much different thinking with all the god of abraham people.
            You would think they would all be on the same side.

            Sep 20, 2016 20:23 AM

            God of Abraham,….think about it. Was when?

            Sep 20, 2016 20:26 AM

            I would bring you full circle….. but the only thing you have to think is Grace vs Law

            b
            Sep 20, 2016 20:31 AM

            You can say that about any of the gods Jerry.
            Ancient,mythical,superstition or living.
            Just a matter of how you look at them.

            But who was Abraham praying to?

            Anyway, to itch his own.

            Sep 20, 2016 20:50 AM

            You can?

            Sep 20, 2016 20:58 AM

            We are not living during the Abrahamic covenant,….do not get confused.

            b
            Sep 20, 2016 20:14 PM

            I wasnt talking about “deals” Jerry.
            The question would be Is the god of abraham alive today?
            or was he myth,superstition all along?
            From what Ive read, the god of abraham is supposed to be living wether your Moslem Christian or Jew.
            Ever lasting that sorta thing, no matter what time period, grace or any other, the god is supposed to live on.

            The debate amongst the 3 religions is not “does the god of abraham exist, but is Jesus a god or prophet or all together idoltry”.

            Really I think the dominant topic should be where do the records come from.

            Sep 20, 2016 20:31 PM

            B …many of your questions can be answered in Genesis (Old Testament).

      Sep 20, 2016 20:39 AM

      We may not get peace in the valley, but we can all add a little Golden Valley. 🙂

      http://www.goldenvalleymines.com/investors/presentations/GZZ-July2016_ws.pdf

    Sep 20, 2016 20:01 AM

    The $TED spread gapped on the open this week:

    http://bit.ly/2dgTT9u

    Sep 20, 2016 20:05 AM

    Al, don’t buy a Mercedes till the euro collapses to 82 cents. You’ll save mucho pesetas.

      Sep 20, 2016 20:15 AM

      What a great comment, thank you as I really am in no hurry!

        Sep 20, 2016 20:25 AM

        Al, when the euro is 82 cents you’ll save enough on your Mercedes to travel to London and buy a Purdey shotgun.

      Sep 20, 2016 20:15 AM

      I agree. Excellent point Bonzo. And as Rick mentioned we can all plan to book nice European holidays with our newfound dollar strength. Unless they are having a war that is. But I kind of doubt it. Europe is just one large old folks home……and old people HATE wars.

        Sep 20, 2016 20:03 PM

        But Europe is full of young muslim militants eager for war with the old Europeans who don’t even see the threat because, like LPG, they have a good muslim friend who is a nice person. I’m sure in the 1930’s many Frenchmen knew a nice German, but that didn’t save them when the militant Germans marched in.

    Sep 20, 2016 20:15 AM

    BMWs are for young, hip, good-looking guys.

      Sep 20, 2016 20:16 AM

      Obviously Peter, that would be me!

        Sep 20, 2016 20:24 AM

        Young at heart, in need of a hip replacement, looking for a good deal guys..,please help.

        Sep 20, 2016 20:56 AM

        I see you more as a Volvo kind of guy….

        Oh, that reminds me of a joke: How can you tell you’re in redneck country? When people think a Volvo is part of a woman’s anatomy.

    Sep 20, 2016 20:16 AM

    The Euro is derelict? Derelicte!

    https://youtu.be/mVscQYjuq_s

      Sep 20, 2016 20:21 AM

      FranSix: Huh?

    Sep 20, 2016 20:22 AM

    Which happens first – DB causes a move to the USD and to gold or does DB go down taking everything with it first and then USD and gold soar?

    Sep 20, 2016 20:28 AM

    I bet ,DB stays in business, and gets help from Russia……OOTB

      Sep 20, 2016 20:37 AM

      OOTB:

      You can’t stop the tide no matter how rich or how powerful. DB is going to be crushed under their own weight. What is really funny is the US kicking them over a cliff with a $16 trillion dollar fine when all that will happen is a cascading series of bank failures when DB goes taking all currencies with them not just the euro.

      They are too big to bail.

        b
        Sep 20, 2016 20:45 AM

        Its possible Bob that it is all intentional, the 16 trillion fine could be just to hurry things along.

          Sep 20, 2016 20:07 AM

          Just what I was thinking b……Deutsche is being pushed over the edge to precipitate a crisis. And an December rate hike by the FED will just be the icing on the cake. That added move assures European capital is US bound rather than heading to other parts of the world as the euro comes unwound.

          So the pool of US Treasury / debt markets are assured as a result and the world will survive whatever comes next with dollar hegemony dominating for years to come yet. Even as this happens, China will be in the throes of a bitter credit crisis that they may not recover from for decades.

          Their demographic profile (like Japans) suggests that they will not rise to absolute dominance (superpower status) on the world stage in our lifetimes. And like Japan their slide back down will play out interminably for years into the future.

            b
            Sep 20, 2016 20:56 PM

            I guess John you are one person that can miss a point. I was not giving “history lessons”
            no problem.

            58 thousand comes to mind.

            Sry your best friend got “hosed” tho.
            As I said, ur right.

            Sep 20, 2016 20:08 PM

            b:
            Go ahead and tell me what point I missed.
            This is never about being right or wrong. If your going to enter into the discussion you better have your facts straight.
            If you cannot produce the facts,everything posted is just useless chatter.

            Sep 20, 2016 20:10 PM

            b:
            Sorry about your grandfather.
            Mine was there to.
            I’m glad we had this discussion.
            We must now be very vigilant now not to let our Governments lead us into useless wars spending our Nations treasures and spilling the blood of our youth.

            b
            Sep 20, 2016 20:16 PM

            Exactly it John.
            How to stop it.

            The point was gas chemical or biological, doesnt really matter, the effects are pretty much the same.

            When I served they gave me nuclear/chemical/biological warfare training.

            Think Im stupid now?
            When I was 18 I believed I could survive a nuclear bomb.
            Hows that for brainwashing? or just plain stupid.

          Sep 20, 2016 20:32 AM

          B:

          Good question but you need to remember that I spent two years in Vietnam, we had the most powerful military in the world with flights of 27 B-52s bombing guys in the jungle carrying an AK-47 in one hand and a ball of rice in the other.

          They won.

          We are taught since childhood about how powerful governments are. In fact the opposite is true. They are run by fools acting only in their interest. History books are not written about the brilliant moves of government but exactly the opposite, all the stupid things “leaders” and governments do.

          In short, the government is too stupid to realize how dumb their actions are. We can fight a war for 15 years and no one will admit we lost.

            Sep 20, 2016 20:29 PM

            And some of the unlucky ones fighting that war came home only to die a slow miserable death after being hosed with agent orange.
            R.I.P

            Sep 20, 2016 20:37 PM

            Here is more.
            Any questions?

            https://www.youtube.com/watch?v=omnskeu-puE

            Sep 20, 2016 20:37 PM

            A friend of mine has a son with birth defects due to Agent Orange, and suffers from seizures quite often as a result. Thank you Monsanto.

            ______________________________________________________________________

            Agent Orange: Background on Monsanto’s Involvement

            From 1965 to 1969, the former Monsanto Company manufactured Agent Orange for the U.S. military as a wartime government contractor. The current Monsanto Company has maintained responsibility for this product since we were spun-off as a separate, independent agricultural company in 2002.

            More than 40 years ago, Agent Orange was one of 15 herbicides used by the U.S. military as a defoliant in the Vietnam War to protect and save the lives of U.S. and allied soldiers. It was a unique mixture of two common herbicides (2,4-D and 2,4,5-T ) that had been used separately in the United States since the late 1940s. The government named the mixture “Agent Orange” because of the orange band that was painted on containers of the material.

            From 1965 to 1969, the former Monsanto Company was one of nine wartime government contractors who manufactured Agent Orange. The government set the specifications for making Agent Orange and determined when, where and how it was used. Agent Orange was only produced for, and used by, the government….”

            http://www.monsanto.com/newsviews/pages/agent-orange-background-monsanto-involvement.aspx

            b
            Sep 20, 2016 20:39 PM

            Same thing happened from WW1, people like to gas people it seems.

            Sep 20, 2016 20:18 PM

            B:
            I am going to correct you right here.
            The same thing did not happen during WW1.
            Agent orange was a defoilment,read ex’s post above and get a clue.
            Agent Orange is not a gas.
            My best friend did not get gassed.He was hosed.

            b
            Sep 20, 2016 20:35 PM

            Yup thats right John k.
            Sorta different like musket balls and 7.62 rounds?

            Ya think the people that breathed it knew?

            Sep 20, 2016 20:47 PM

            b;
            The reason I am self employed is because I grew tired of being surrounded by stupid people not of my choosing.
            Ring a bell?

            b
            Sep 20, 2016 20:50 PM

            Just for interest sake Johnk

            The Protocol for the Prohibition of the Use in War of Asphyxiating, Poisonous or other Gases, and of Bacteriological Methods of Warfare, usually called the Geneva Protocol, is a treaty prohibiting the use of chemical and biological weapons in international armed conflicts. It was signed at Geneva on 17 June 1925 and entered into force on 8 February 1928. It was registered in League of Nations Treaty Series on 7 September 1929.[4] The Geneva Protocol is a protocol to the Convention for the Supervision of the International Trade in Arms and Ammunition and in Implements of War signed on the same date, and followed the Hague Conventions of 1899 and 1907.

            Some people think there sorta the same thing.

            Sep 20, 2016 20:06 PM

            b:
            Draw a 5 mile circle around where you live and tell me how many Viet Nam veterans live there.
            Now within that 5 mile circle tell me how many Viet Nam veterans never came home from South Viet Nam,North Viet Nam,Cambodia and Laos.
            Now tell me how many Viet Nam veterans have already died after returning From Viet Nam.
            I don’t need your history lesson.

            b
            Sep 20, 2016 20:09 PM

            I guess John you are one person that can miss a point. I was not giving “history lessons”
            no problem.
            58 thousand comes to mind. (in vietnam)
            Sry your best friend got “hosed” tho.
            As I said, ur right.

            oops posted in the wrong spot.
            I became self employed to make money, had nothing to do with other peoples IQ.
            different strokes I guess.

            I have no idea how many people took how long to die from agent orange of any other chemical or biological weapon .

            Took my grandfather years to die from gas, no fun at all.
            You and your friend are not the only ones John, think how many vietnamese suffered.
            3 million?

            Sep 20, 2016 20:16 PM

            b:
            Sorry about your Grandfather.
            Mine was there two.
            I’m glad we had this discussion.
            We must now be very vigilant not to let our Government lead us into useless wars,spending our Nations treasures and spilling the blood of our youth.
            I think were on the same page.

            b
            Sep 20, 2016 20:18 PM

            of course we are.

        Sep 20, 2016 20:14 AM

        Bob, I would have to agree with you logically ,but something is strange going on with them taking on the DOJ. Everything thing is weird. Best and thanks for the thought.
        .

          Sep 20, 2016 20:33 AM

          OOTB:

          The end of this financial system is close. Watch for black swans.

        Sep 20, 2016 20:30 PM

        Bob you are correct. I imagine the powers that be have already planned a contingency plan which includes all of the “big-four” central banks. They will buy shares,debt, apply “hair cuts” and change rules….whatever they need to steady the ship. It could buy them several more years. Who knows!

    Sep 20, 2016 20:30 AM

    There is nothing wrong with back and forth disagreement,but that is not what Birdman does.
    Birdman likes to poke people and attack their comments in a non constructive way.
    I haven´t seen Matthew or Excelsior do that.

      Sep 20, 2016 20:44 AM

      Thanks Pete. I’d love it everyone could just post without attacks, swipes, or bullying.

      I’m always rooting for the best in people, but am not in the habit of letting people trample all over me either. Hopefully things will be better moving forward.

      Sep 20, 2016 20:29 AM

      Exactly right, Pete. Thank you.

      Sep 20, 2016 20:50 AM

      Are you JOKING Pete.

      Maybe read the threads a little more carefully. Like this one today. You can’t see the endlessness of the attacks? See that is the problem. These people do not understand forgiveness. So they keep rehashing and regurgitating comments I made months and years ago that are TOTALLY out of context.

        b
        Sep 20, 2016 20:56 AM

        That was my point Bird, it seems tho my posts are being deleted.
        I wasnt attacking but I guess the conversation itself is out of bounds now.

          Sep 20, 2016 20:57 AM

          You weren’t having a conversation. It’s called passive aggressive.

          Sep 20, 2016 20:10 PM

          Then why have about 5 of your comments already been deleted?

        Sep 20, 2016 20:56 AM

        Wrongo in the Congo. The only drama-free days are the days where there are power outages in Africa. Everyone has seen that to be true and we’ve commented it on it many times.

        Sep 20, 2016 20:20 PM

        Birdman,
        This didn´t start today.
        And if the past doesn´t matter and all is forgiven let us all ride into the sunset together ,with our saddle bags full of gold…

          Sep 20, 2016 20:23 PM

          +1111

            Sep 20, 2016 20:40 PM

            Thanks,for the IVN update,it was nice to read that it was RRs largest position in his personal portfolio,

        Sep 21, 2016 21:09 PM

        I am NOT JOKING Bird,i don´t have the time to dig up your old posts were you puke all over peoples comments,you know what you did Bird.

      Sep 20, 2016 20:35 AM

      Haha, perfect.

    Sep 20, 2016 20:42 AM

    b,
    If i poke you in the eye with a stick, long enough,you will eventually respond.

      Sep 20, 2016 20:45 AM

      Agreed Pete. That sums it up.

      b
      Sep 20, 2016 20:56 AM

      Sure Pete, but Bird has not posted on this thread, the “scum” comment is out of the blue.
      I have seen Bird leave things alone in the past and attacks continue, I have seen Bird apologise and givin reason for his comments and that was rejected and attacks continue.

      I point out an unwarrented attack, and, its being justified.
      Bird hasnt said a darn thing and he is attacked, this isnt the first time either.
      Some people are not the snow white angels they would have us believe.

      If that comment from Mathew is “ok” then I guess we can all just insult anyone we want forever because we dont like what they said at any givin time no matter how long ago.

      To heck with Al/Cory.
      Lets see what happens.

    Sep 20, 2016 20:51 AM

    When the FED goes NIRP AND QE THE $ Will COLLAPSE

    then gold sky rockets

    Your 120 $ call will be toast

    Forget the Euro, it’s the $

    Sep 20, 2016 20:55 AM

    That was a terrific interview and (to my ears at least) an endorsement by Rick of my essential premise which is that the Euro is currently forming a continuation pattern and we should prepare for the next move to be a decline.

    From there Rick says he feels the euro will make its first stop just under parity and if that later fails to hold the ensuing decline will take us all the way back to the 2000 lows near .82……… In other words, that would amount to more than a 27% decline in total and probably does indeed qualify as a price collapse depending on the speed of the fall.

    We are in agreement therefore as I have also stated that I believe the euro is destined for a complete retrace of its 16 year life right back to its bottom. Euro supports below parity are not that significant and I surmise the last portion of the decline could play out rather dramatically.

    So now the waiting begins until the current coil pattern breaks.

    Either the euro goes up or it goes down and although I *think* I know the next direction it will not be a fact until it actually happens. Incidentally I agree with Rick that most money will be flowing into Treasuries if the euro sees a substantial decline. Just reaching parity will set alarm bells ringing off the hook and to appreciate that you only need to project what the monthly euro chart will look like at that point (ugly if you need to know!).

    In other words, the writing will be on the wall and I doubt a sharp 2017 decline can be avoided after that point. So selling will just beget more selling and drive away what confidence still remains for the unified single currency. I am giving this drama 18 months tops to play out (as I mention on Friday) but it could all come down far faster given the proportions and shape on the monthly chart.

    The eventuality of the Euro falling as much as 27% lower than it is today is no trifling matter. No matter what anyone may think of what a basket-case the EU has become it is still the worlds largest economy comprising over 700 million people and it remains one of the wealthiest and most developed regions on the planet.

    A significant drop in the currency there that elicited even a modest capital flight to safety stands to represent a monumental trading opportunity for all the asset classes that will be impacted. Gold will just be one of those opportunities in my opinion and it is that large capital outflow that develops that should ultimately see the dollar and gold rise together.

    Between now and then however I continue to see a bearish outlook for precious metals and the initial market reaction to a falling euro (rising dollar) will be that metals like gold sell off rather than be bid. That is the key element we need to watch for because the genuine motive power to create a new bull market in gold will be born in the ashes of that initial move out of precious metals.

    In other words, we remain in a technical bear market for the moment but will eventually emerge with a tremendous bull that can be understood based on the mechanics of capital flows and currency market disruptions. We just need to get there first.

    Thanks again for the interview guys. Well done!

    And thanks Rick!

      jr
      Sep 20, 2016 20:06 AM

      Bird this is nothing new M.Armstrong has been suggesting this for years!!

        Sep 20, 2016 20:45 AM

        He says the Euro will begin its crash this year through 2017? And that gold will rise with the dollar? That the event will be precipitated by Deutsche and the shaky Italian banks? That massive money printing by the ECB to offset the financial crisis there will finally bring about the rapid devaluation of the euro next year? Sorry, I am not one of his subscribers. Good to know I am in his company though if that’s his analysis.

      Sep 20, 2016 20:00 PM

      Birdman I have one of the few that saw where you were coming from because of Edelson. He for the most part has keep his members out of the market for this reason and took a lots of flack for it. I for one sold my miners way to early because of following his advice. This is what he told his members a few days back.
      The euro currency itself is getting ready to crack. To be sure it’s taken a bit longer than I expected. But based on my latest chart the decline has already started, and should move lower in a choppy pattern into October.
      Come late October, however, we should the euro collapse into November, bounce into December, then head substantially lower in early 2017.

        Sep 20, 2016 20:06 PM

        That last Edelson commentary you posted was really interesting for me to read, Doug. I honestly felt a little more fortified after making the call I made because it initially kind of sounded “out there” as I was contemplating the charts.

        I mean, for me anyway, it was a very risky thing to write and I don’t like to stick my neck out that far as a rule unless I feel fairly sure of something. This could end up being a home run bet though if it works the way I imagine.

        Edelson is a very bright guy of course and if he also sees the same thing happening then my guard is going to be doubled in case trouble erupts as I expect. The euro chart looks to me that it will not make a recovery. It is very heavy and that dome pattern is often a sure sign of a continued decline back to the bottom is coming.

        I appreciate you taking the time to read my posts and finding some value. It is a puzzle to me why so many people on this site were objecting to the scenario I put forward since it is so plausible based on the variables in play.

        And at the same time it is hardly a mainstream idea. As you mentioned, Edelson was taking flack for saying the unthinkable to his gold crowd….that it is the Euro that’s in trouble and NOT the dollar.

        So I am just AMAZED he has just written that ” we should see the euro collapse into November”……..WOW! When did he write that exactly? That’s literally on my own timeline for when the end begins.

        The Euro chart is unequivocal from my way of seeing things.

        It is doomed.

          Sep 20, 2016 20:14 PM

          Thank you Birdman. This was from last Fridays members newsletter. He had a chart that I could not get to copy. He calls it an AI ( artificial intelligence) chart. He like Armstrong uses millions of pieces of data over many years to come up with cycles. From that he uses more data to come up with the information like Euro meltdown. He went through the stats country by country. He also said it could explode into civil war and the panic could far worse than what we saw in the 2000/09 financial crisis. I wish you could read it all.

          It was a members news letter with stock picks so I would not try to copy it and send
          it out.
          His real wealth report does not cost all that much. Some of his other services cost much more.

            Sep 20, 2016 20:46 PM

            Let me say we all know there is way to much debt in all countries and something will start a currency melt down. Japan has debased their currency longer that anyone ever thought they could, but they borrowed from themselves. That is not the case with the dollar and the euro. We can wrong with our timing and still not be wrong.

            Sep 21, 2016 21:01 AM

            That is where the public debt of the US (and Europe) starts to get really interesting Doug. As in the case of Japan we are borrowing from ourselves now but you can only really do that if you are denominated in one of the world’s reserve currencies.

            That status allows you to print money and issue debt paper that is technically as good as gold. It is why treasury debt is referred to as an asset when you are the owner and naturally there is a coupon rate attached.

            You see, if you bought Treasuries it means in effect that you loaned money that is equivalent to gold to the government. That is not as crazy as it sounds. Consider for a moment that all the treasury need do to arrange the purchase of any asset they chose (including a gold mine or gold itself), they only need have the equivalent number of required dollars printed up to make the exchange.

            So dollars are still gold no matter how much the bugs object to that idea.

            Anyway, no other countries have the privilege of being able to buy real assets with paper money off a printing press unless they are in that vaunted league of reserve status nations. To prove this point I only need refer you to the global reach and influence of those half dozen currencies.

            You merely walk into any bank in any airport or major city on planet Earth and there on the wall will be a sign posted telling you what the local country currency is worth in Dollars, Euro, Yen, Sterling, Francs, (and often AUD and CAD).

            So you open your wallet and with no fanfare at all you can directly exchange your paper (or electronic) money or travelers cheques into the local currency at the posted rate. You get that privilege….but they don’t when they travel to your country.

            One day I will tell you how hard it was to trade back out of a wad of African currencies that I had left over after a trip. Short story, there was not even a bank or FX office in Toronto that would transact in them except in very small quantities. They consider those currencies junk because they are ummmm…….paper, not gold.

            So getting back to the subject of buying your own debt….the euro and yen are also both major reserve currencies and that is what allows this kind of process to exist.

            Chinese Yuan however is not a reserve so they have had to find other ways to skirt that problem by keeping banking strictly under the control of government and managing credit issuance as a matter of public policy rather than allow the pesky free market do its magic.

            They are also huge buyers of Treasuries which allows them to exchange the labour of their nation into a reserve and therefore shop the planet with dollars to buy the resources they require. So China buys gold with dollars too. And lately they are buying a lot of gold.

            But they are not actually printing gold yet which is what the US, Europe and Japan are quite literally doing and there is a very big distinction. So then….if you can print money that’s worth gold what’s to stop you from buying anything you want?

            For example, why not buy your whole nation a pension plan as one example. Or maybe give everyone who is a poor a guaranteed income. That sounds pretty good. And after you hand out all the money and discover you can’t fund any of it from taxes well you just turn around and order the Central Bank to buy the debt.

            Its an asset after all. Its the same as gold. It pays a rate of interest. And there is a never ending demand for that paper. And so that is what is being done in essence. The major central banks of the developed world who have a reserve currency can literally create debt obligations out of thin air, pay out cash to its citizens that is good enough to buy gold and turn around, buy the debt back, put it in a big pile and burn it up in a bonfire.

            Rinse and repeat. We will Never go broke with that system.

            As long as we retain the reserve status of course. But there are contenders nipping at our heels. They want in on this racket but sorry, its just not possible. Only a select few get to play or the game does not work anymore.

            The lead country behind this system pretty much needs to be the dominant military power. And through the barrel of a gun they can effectively enforce the age old system of exacting a tax on the rest of the planet (because this process does indeed amount to a tax all other nations) while giving preferential status to a few cooperating countries.

            That’s how Canada and Australia have ended up with reserve status if you are curious.

            So anyway…..the Federal Reserve is now the number one buyer and holder of Treasury paper and if you wonder how that can be then hopefully I have explained it adequately. Just as in Japan where the BOJ is buying up most of the debt, stock market and corporate paper that same idea can migrate to the US and Europe.

            There is absolutely nothing in fact that would stop Mario Draghi from printing up two trillion to bail out Deutsche Bank if it defaulted except that would disgust the other nations who are not part of the paper = gold regime.

            Enough for today….I have a lunch date.

    Sep 20, 2016 20:58 AM

    My intent was never to be a problem, but if you have a mosquito constantly buzzing in your ear, it is hard to just ignore it and hope it goes away. Eventually they suck your blood, and may infect you with Zika…. then it infects the village.

    https://www.google.com/search?q=zika+virus&biw=1536&bih=888&source=lnms&tbm=isch&sa=X&sqi=2&ved=0ahUKEwit0_m9wp7PAhVE4iYKHVQPDJQQ_AUIBygC

    The Solution to a mosquito buzzing near you and trying to feed on your energy, is to swat away the mosquito or smash it. If someone has a better idea, please share it.

    I’ll do my best to going back to ignoring the mosquitoes, and won’t swat at them, and I guess we can hope they just suck someone else’s blood and spread Zika to them instead ?

      Sep 20, 2016 20:03 AM

      The Scorpion and the Frog

      One day, a scorpion looked around at the mountain where he lived and decided that he wanted a change. So he set out on a journey through the forests and hills. He climbed over rocks and under vines and kept going until he reached a river.
      The river was wide and swift, and the scorpion stopped to reconsider the situation. He couldn’t see any way across. So he ran upriver and then checked downriver, all the while thinking that he might have to turn back.

      Suddenly, he saw a frog sitting in the rushes by the bank of the stream on the other side of the river. He decided to ask the frog for help getting across the stream.

      “Hellooo Mr. Frog!” called the scorpion across the water, “Would you be so kind as to give me a ride on your back across the river?”

      “Well now, Mr. Scorpion! How do I know that if I try to help you, you wont try to kill me?” asked the frog hesitantly.

      “Because,” the scorpion replied, “If I try to kill you, then I would die too, for you see I cannot swim!”

      Now this seemed to make sense to the frog. But he asked. “What about when I get close to the bank? You could still try to kill me and get back to the shore!”

      “This is true,” agreed the scorpion, “But then I wouldn’t be able to get to the other side of the river!”

      “Alright then…how do I know you wont just wait till we get to the other side and THEN kill me?” said the frog.

      “Ahh…,” crooned the scorpion, “Because you see, once you’ve taken me to the other side of this river, I will be so grateful for your help, that it would hardly be fair to reward you with death, now would it?!”

      So the frog agreed to take the scorpion across the river. He swam over to the bank and settled himself near the mud to pick up his passenger. The scorpion crawled onto the frog’s back, his sharp claws prickling into the frog’s soft hide, and the frog slid into the river. The muddy water swirled around them, but the frog stayed near the surface so the scorpion would not drown. He kicked strongly through the first half of the stream, his flippers paddling wildly against the current.

      Halfway across the river, the frog suddenly felt a sharp sting in his back and, out of the corner of his eye, saw the scorpion remove his stinger from the frog’s back. A deadening numbness began to creep into his limbs.

      “You fool!” croaked the frog, “Now we shall both die! Why on earth did you do that?”

      The scorpion shrugged, and did a little jig on the drownings frog’s back.

      “I could not help myself. It is my nature.”

      Then they both sank into the muddy waters of the swiftly flowing river.

      Self destruction – “Its my Nature”, said the Scorpion…
      An Interesting article regarding this fable

      http://allaboutfrogs.org/stories/scorpion.html

        Sep 20, 2016 20:06 AM

        Hopefully people will take the time to read that fable as it illustrates the point perfectly.

        Scorpions can not change their nature. They sting and attack. That’s what they do.

      Sep 20, 2016 20:31 AM

      Suck your blood?

      That is an extremely objectionable comment Shad. A little over the top don’t you think?

    Sep 20, 2016 20:16 AM

    Hey Rick Corey, et Al….can you tell me how the “Euro experiment” is any different than the 30+ bankrupt American States? Without major producing states like New York, California and Texas the States are also cooked. Corey, it would be an interesting segment to get an politically unbiased accountant on the show who understand the major and minor differences between the U.S and European accounting practices. Accounting practices are also MORE transparent in Europe than the U.S.A. It makes it difficult as we are NOT comparing Apples to Apples here.

    Sep 20, 2016 20:18 AM

    I would also like to have Alex Merk debate Rick Akermann and Bird’s comments regarding the collapse of the Euro this fall and next year.

      Sep 20, 2016 20:41 AM

      Axel is on the other side of the trade. He think the dollar will fall. Not sure why exactly but yeah, that would be an interesting discussion. Maybe he can explain what his reasons are.

    Tad
    Sep 20, 2016 20:19 AM

    What happens to this if Deutche Bank go down… ?! Ha,ha… 🙂
    It’s the DB euro banks inverse etf.

    https://etf.deutscheam.com/LUX/ENG/Download/Factsheet/LU0322249037/-/Stoxx-Europe-600-Banks-Short-Daily-UCITS-ETF

      Sep 20, 2016 20:39 AM

      Watch those ETF’s sponsored by Deutche though. They might end up worth nothing if the carrier is bust. This is the crazy part. Buying inverse ETF’s on the banks that are promoted by the very banks that might crater….hmmm….maybe not a good investment.

        Tad
        Sep 20, 2016 20:43 AM

        Exactly.

    Sep 20, 2016 20:35 AM

    Bob Grierson:

    Well, there is always the Golden Jackass. I think it comes under the Truth in Advertising rules.

    Sep 20, 2016 20:46 AM

    See…. There you go again. I just said, “Hopefully things will be better moving forward.” Instead of taking the cue, you had to attack once again.

    Birdman – I hit back, and you got back what you had done to me and many others on countless weekend shows. Of course, you cried, and immediately called for the comments to be deleted (even though you had so strongly rallied against that in the past). You became the new Sheriff of the PC police and our Champion of Censorship.

    (you already were the Flip-Flop King, so it really is no surprise).

    Don’t worry yourself blog mosquito, you’re going back on ignore for me.

    Buzzzzzzzz……….

      GH
      Sep 20, 2016 20:11 PM

      So they’re deleting posts now, so it ‘won’t reflect badly on the site’?

      The thing that reflects badly on this site is that the site managers refuse to deal properly with a long-festering problem. They allowed Avi and Birdman to chase off Gary Savage with their incessant pot shots, and they still allow Birdman to get away with anything. What an insult to Gary, to invite him on the show only to allow him to be attacked that way.

      And what an insult to all the rest of us who nearly always manage to keep it civil, to act as if we all share equal responsibility for the problem. All one has to do is review the comments from times when Birdman is not here, and the truth is as plain as possible to see.

      I don’t like having to say this, because otherwise this is a great site. But enough is enough.

      Site managers: delete one chronic offender, or endless abusive comments.

      I suppose I may be blocked now. If so, so be it, because this is ridiculous.

        GH
        Sep 20, 2016 20:33 PM

        Of course, what I’ve just said is nothing compared to Birdman’s tirade last January:

        — > On January 11, 2016 at 1:45 am,
        Birdman says:

        BS Al. You have been insulting your bloggers quite a bit lately and have beeb uncivil to Gary.

        —- > On January 11, 2016 at 1:49 am,
        Birdman says:

        Don’t worry Mark. I am about to abandon this site because of what Al just did to Agatha. What a fuc*ing creep. I have just about lost all respect for him and the freaks that populate this piece of sh*t blog. That includes you.

        — > On January 11, 2016 at 1:55 am,
        Birdman says:

        I am pretty sure this is my last day here after that shit*ty stunt Korelin just pulled.

        Dear Agatha…..Get a Lawyer.
        And sue his sorry ass.

          Sep 20, 2016 20:45 PM

          You are off topic. The show is about the euro and whether it survives. Nobody but you and a few others here care to keep rehashing ancient history and constantly salting old wounds when it has no context whatsoever with this show or any other.

          So you are the problem.

            Sep 20, 2016 20:46 PM

            With luck your posts will soon be deleted. This nonsense will never end otherwise.

            Sep 20, 2016 20:04 PM

            I just saw these GH. Yes, I’ve made that case to Big Al and Cory before, but the Birdman continues to be permitted to post.

            Birdman – this show is not about the Euro and whether it survives….it is all about Entertainment.

            Entertainment – Remember?? … And those posts from GH were very telling and entertaining.

            Sep 20, 2016 20:19 PM

            Everybody understood that was just a brief moment of anger. Al has forgiven me and I thank him for that. And that is why I am still here. You need to learn to let go of the past instead of trying to use the same material to execute me day after day.

            Just let it go, man. You cannot move forward until you evolve.

            Your anger is also getting the best of you.

            Sep 20, 2016 20:19 PM

            —->> On August 29, 2016 at 2:21 pm,
            Birdman says:

            “Please Cory…..put your head back on straight. You are inviting problems by calling the show something that it is not. This is an entertainment site. Ask the lawyer if you doubt me.”

            GH
            Sep 20, 2016 20:20 PM

            Not surprising that repeat offender would like to point the finger elsewhere.

            Many almost always let your verbal aggression slide. These last few days, how many have chimed in? Quite a few. I guess we’re all the problem, and you, like Hillary, just want to move on.

            You speak of forgiveness. But anyone with decent upbringing understands that repentance comes before forgiveness, as well as the intention not to repeat the offense. Why should anyone forgive you when the past overwhelmingly indicates you’ll go right back to the same behavior?

            In any case, my post was for the site managers, not you. I consider you hopeless. I do hope they delete my comments, because at least I’ll know they’ve read them, and have something to think about.

            Sep 20, 2016 20:22 PM

            Yeah, that was just a little over 2 weeks ago. You’re not a 1 time offender, but a chronic offender.

            That is why Bob M called you out on it last month as well:

            —-> On August 9, 2016 at 12:02 pm,
            Robert Moriarty says:

            “Birdman:
            I thought you were going to stop being a giant loudmouth asshole all the time.”

            —-> On August 9, 2016 at 1:03 pm,
            Birdman says:

            “I lied. 🙂 ”

            Some things never change……

            Sep 20, 2016 20:23 PM

            Now that’s entertainment Birdman. What a guy….

            Sep 20, 2016 20:25 PM

            BTW – These comments and all the other nasty things that Birdman says on a weekly basis are already posted on all the past KER shows, and we already had to endure them. Hopefully by having multiple people repost his trash (that’s already been posted), it will remind Big Al and Cory how aggressive and toxic he is every week.

            Sep 21, 2016 21:21 AM

            Birdman, you continually wreck this site with your comments, and have been chronically divorced from posting on the daily topic. It’s all for entertainment – remember. Yes, your trolling, attacking, insults, and pompous self aggrandizing comments get very old, and they are very frustrating, because I pour a great deal of my time and energy into this site. I have all the respect in the world for Big Al and Cory, and I hate seeing what you have done to other posters on here, repeatedly and chronically, day in and day out, for years on here.

            I was here posting long before you were, and the blog was much nicer and civil before you arrived. There have always been a few lone nutters that showed up, but none as down-right sinister as you. There have been so many that vocally stated they were leaving because of you that, yes, I do resent all the people you repelled.

            My #1 reason for being here for the last 5 years is to share investing ideas on the resource and energy sector. I’ve done my best to come up with ideas, share the breaking news, stock ideas, charts, commentary, and sometimes a little humor, but with you continually attacking and insulting, it ruins the blog.

            Trust me, I’d love it Big Al would have blocked your ass when we all chased you off the site 2 years ago, 1 year ago, through your clinical insanity of changing your names several times and lying about it repeatedly to everyone for months before admitting you were the same troll, and then your current incarnation of debauchery. I’d love it after you publicly attacked Gary over and over, if he would have stopped the madness there. When you were insulting many people’s religious views, or attacking priests, and spewing your anger, it would have been great if they would have snuffed it out back then. It would have been great if after you threatened to sue Big Al, or have insulted Cory on multiple occasions, or insulted Chris Martenson or Avi or most of the contributors on here that they would have pulled your plug. For some reason, they keep letting you come back, like letting an abusive relationship continue — “maybe he won’t abuse me today and things will be better…..”

            You need professional help, and I hope you get it. I will release my anger towards you right now. All I really feel is sadness for you Birdman. You must be a very lonely person.

            Sep 21, 2016 21:22 AM

            The Scorpion and the Frog

            One day, a scorpion looked around at the mountain where he lived and decided that he wanted a change. So he set out on a journey through the forests and hills. He climbed over rocks and under vines and kept going until he reached a river.
            The river was wide and swift, and the scorpion stopped to reconsider the situation. He couldn’t see any way across. So he ran upriver and then checked downriver, all the while thinking that he might have to turn back.

            Suddenly, he saw a frog sitting in the rushes by the bank of the stream on the other side of the river. He decided to ask the frog for help getting across the stream.

            “Hellooo Mr. Frog!” called the scorpion across the water, “Would you be so kind as to give me a ride on your back across the river?”

            “Well now, Mr. Scorpion! How do I know that if I try to help you, you wont try to kill me?” asked the frog hesitantly.

            “Because,” the scorpion replied, “If I try to kill you, then I would die too, for you see I cannot swim!”

            Now this seemed to make sense to the frog. But he asked. “What about when I get close to the bank? You could still try to kill me and get back to the shore!”

            “This is true,” agreed the scorpion, “But then I wouldn’t be able to get to the other side of the river!”

            “Alright then…how do I know you wont just wait till we get to the other side and THEN kill me?” said the frog.

            “Ahh…,” crooned the scorpion, “Because you see, once you’ve taken me to the other side of this river, I will be so grateful for your help, that it would hardly be fair to reward you with death, now would it?!”

            So the frog agreed to take the scorpion across the river. He swam over to the bank and settled himself near the mud to pick up his passenger. The scorpion crawled onto the frog’s back, his sharp claws prickling into the frog’s soft hide, and the frog slid into the river. The muddy water swirled around them, but the frog stayed near the surface so the scorpion would not drown. He kicked strongly through the first half of the stream, his flippers paddling wildly against the current.

            Halfway across the river, the frog suddenly felt a sharp sting in his back and, out of the corner of his eye, saw the scorpion remove his stinger from the frog’s back. A deadening numbness began to creep into his limbs.

            “You fool!” croaked the frog, “Now we shall both die! Why on earth did you do that?”

            The scorpion shrugged, and did a little jig on the drownings frog’s back.

            “I could not help myself. It is my nature.”

            Then they both sank into the muddy waters of the swiftly flowing river.

            Self destruction – “Its my Nature”, said the Scorpion…
            An Interesting article regarding this fable

            http://allaboutfrogs.org/stories/scorpion.html

            Sep 21, 2016 21:26 AM

            It wasn’t an attack, it was feedback to the site management to deal with you.

            The 2nd post was a fable about the Frog and Scorpion. It’s a story, and shouldn’t have been offensive to you as you are not even mentioned. However, I think it illustrates your nature perfectly.

        Sep 20, 2016 20:34 PM

        GH, they even deleted one of mine that had nothing offensive in it. It seems Al/Cory don’t like the truth so I am outta here.

        We are in for a once in a lifetime bull market so I will not waste anymore time here with BS.

          Sep 20, 2016 20:53 PM

          Matthew, I would appreciate if you would Not leave…..thanks J

            Sep 20, 2016 20:57 PM

            Like many have said ,…..you are the real deal ,which I totally agree with.

          Sep 20, 2016 20:59 PM

          Sorry to see you go Matthew. After close to 5 years of chatting, I’ve learned a lot from you.

          Maybe pop in once in a while with a chart or two.

          There is always Ceo.ca if you want to join in over there. They have few strong personalities but it is child’s play compared to what we endure here. Just a thought.

          All the best man.

            Sep 20, 2016 20:37 PM

            Well, you may have already left Matthew, but if you happen to see this, you can always search for me there and hit me up on my channel. I’m a moderator on a few panels like ProspectGenerators, and RoyaltiesandStreams and can invite you in. I also frequent AUfrica, Zinc, Roughingit, and occasionally pop on the main Index.

            Stay in touch once in a while if you have some good stock ideas you want to mull over.

            Sep 20, 2016 20:43 PM

            I also post quite often on the #Silver channel. Don’t be a stranger now, ya hear…

            https://www.ceo.ca/silver

          GH
          Sep 20, 2016 20:30 PM

          Now that is a serious bummer. But I fully understand, and have also thought about it. Matthew is one of the reasons I like this site so much.

          I have a strong suspicion that, unlike Birdman, Matthew will be a man of his word, if the site managers can’t see their way to the proper solution.

          Sep 20, 2016 20:47 PM

          They also deleted one from me that said if you don’t like Birdman put him on personal ignore. I guess they should delete this one too. DT

    b
    Sep 20, 2016 20:51 AM

    You really are intent on proving my point arnt you Mathew.

    Tad
    Sep 20, 2016 20:59 AM

    There are 340M people across 19 countries using the Euro daily in Europe, plus another 9 countries that are allowed to use it (San Marino, Monaco, and even Zimbabwe ?!).
    If it tanks to ‘crisis levels’ I think an awful lot of people will be buying gold.
    Retail investors and your average families will buy gold coins/bars rather than exchange cash into more paper… foreign paper.
    Institutions, sure will dive into yen/usd.
    But most people getting on with their lives will do what they’ve always done in times of crisis, especially if its the banks/governments that have let them down.

      Tad
      Sep 20, 2016 20:06 PM

      If 5% of 340,000,000 people change €5k euros into gold we’re gonna need to find €85 Billion worth of the stuff.
      Just a thought…

        Sep 20, 2016 20:10 PM

        You got it Tad. And if the pension systems over there went to a simple 3% gold allocation on average we would see instant, overnight precious metals shortages. That’s about all it would take. And gold would take off like a rocket.

        What are the odds eh if the Euro crashes back to its base at .82?

    b
    Sep 20, 2016 20:00 PM

    Well, Mathew got deleted too it seems.
    Good grief its like kindergarden.

    On a positive note, I enjoyed Ricks commentary.

      Sep 20, 2016 20:15 PM

      You might get a kick out of this b….but I made popcorn when I saw Rick was up first to comment on my euro thesis. Now I am having hot chocolate and enjoying the rest of the shows.

        b
        Sep 20, 2016 20:35 PM

        Ya I bet you woulda.
        One thing about your Euro thinking, (no idea on my part of course)
        That fine for DB maybe a boost, things could be controlled, the Euro could drop slowly.

        Its time for a world reserve currency change, how long and what did it take to move from pounds to dollars?
        Egypt still uses pounds I think.

        It could all be to change reserve currencies, why Im interested in that is the timing, big difference fast or slow.

          Sep 20, 2016 20:18 PM

          Yup, they are using pounds in Egypt. I guarantee you they are worthless though unless you are getting your shoes shined or buying booze! There is nothing quite like getting served a cold one that turns out to be above room temperature while you are baking in the sun. But any drink under the ambient temp of 50 degrees Celsius actually starts to taste cold (if you get into the right state of mind). Just don’t leave it in the sun too long.

          Tad
          Sep 20, 2016 20:39 PM

          Egyptian pounds. Not real pounds (GBP) 🙂
          Think they are worth less than 10% of a British pound.
          Like Hong Kong dollars to USD

            b
            Sep 20, 2016 20:11 PM

            I didnt no that Tad, thought they were british.

    Sep 20, 2016 20:05 PM

    Building a miner in the Golden Triangle
    by @JamesKwantes on September 19, 2016

    https://www.ceo.ca/@jameskwantes/building-a-miner-in-the-golden-triangle

      Sep 20, 2016 20:21 PM

      Tintina Resources resubmits operating permit application for Montana copper mine
      Valentina Ruiz Leotaud | 15 minutes ago

      http://www.mining.com/tintina-resources-resubmits-operating-permit-application-for-montana-copper-mine/

        Sep 20, 2016 20:22 PM

        The war on cash is still good for gold
        Frank Holmes – U.S. Global Investors | about 3 hours ago

        http://www.mining.com/web/the-war-on-cash-is-still-good-for-gold/

        Sep 20, 2016 20:28 PM

        Here is an interesting analysis on the Copper chart posted by a sharp investor. Looks to be an inverse head and shoulders playing out. It will be interesting to keep and eye on that moving forward.

        “@Goldfinger $Copper looks constructive, meanwhile, one of the world’s largest copper producers (admittedly now with a significant oil & gas component) is on shaky ground:”

        http://cdn.ceo.ca/1bttu8u-FCX_Weekly_9.18.2016.png

          Sep 20, 2016 20:04 PM

          What’s your thoughts on your namesake…Excelsior Mining for a copper spec play

            Sep 20, 2016 20:08 PM

            Ha! good question. I like their concept of doing the low cost in-situ mining method. For Uranium, it works like a charm, is way more efficient and yet is also much less disruptive to the land, without the harsh chemicals of hard rock mining, crushing, and extracting with traditional mining methods.

            They’re a Copper company I’m keeping an eye on for sure…. (and they have a cool name)

            Sep 21, 2016 21:03 AM

            Excelsior (the stock…not the poster) is my worst performing ASX stock!
            I won’t lie, I have 5+ baggers even after golds pullback…example look at Kidman (ASX.KDR).
            Again truthfully, my shares in Excelsior have almost been cut in half over the same timeframe.
            Cheers.

            Sep 21, 2016 21:31 AM

            Yeah, I don’t own it yet Skeeta, but like I said, I’m keeping an eye on them because I am a big proponent of mining using the in-situ fluid injection recovery method. If they can tweak it to work for Copper, then I think it could be game changer.

            My comments didn’t have to do with the past technical strength of the stock, because I agree with you that it hasn’t been anything to write home about and has performed poorly. I think it is a great idea is all, and I always start following a company for the big picture concept first, then drill down into management/assets/balance sheet, and finally then look for the right technical setup to enter a stock. I’m still doing homework on Excelsior mining, but if it makes the cut, then I’ll analyze it’s chart and look for where I want to start tiering into it.

            Have a good one Skeeta. I always enjoyed our chats man.

            I hope you really enjoy the new pool, and that you and your family have an awesome time in San Diego when you travel there later in the year.

            All the best!

          Sep 20, 2016 20:43 PM

          Well you certainly are quick on the response. Lol…I think between zinc and copper plays like excelsior I will be making as much if not more than I will of off all my gold plays.

            Sep 20, 2016 20:47 PM

            For the metals I am mostly focused on Silver, Gold, PGM, and Uranium Miners.

            However, I have growing interest in both Zinc and Copper miners at present. I kinda blew my wad posting about the Zinc companies on this last KER weekend show, but sometime down the road, I’ll go on a Copper mining blitz. 🙂

            Ever Upward!

          Sep 20, 2016 20:58 PM

          I’ve been all over trevali and haven’t sold any even though it’s tripled in price because zinc supplies are heading down daily and only a huge spike in price will get the majors to startup the mines they mothballed.until then I see trevali as a great pure zinc only producer play.hudbay is a not so close second choice.I’m probably early with excelsior but have been nibbling over the last year.golds and silvers had such nice runs from start of year I just felt a need to spread my wings a little.

            Sep 20, 2016 20:05 PM

            My favorite Zinc plays are Ivanhoe, Constantine, Arizona Mining, Eurasian Minerals, Heron Resources, Tinka Resources, Orosure Mining, Zazu Metals, Pasinex Resoursources, Canadian Zinc, and Callinex. I do like Trevali and have posted on it in the past, and it should do well as metals prices improve.

            I posted this on yesterdays blog but it is relevant to this Zinc discussion:

            Five Years of Deficits Will Keep Zinc Price on the Boil
            Frik Els | about 4 hours ago

            http://www.mining.com/five-years-deficits-will-keep-zinc-price-boil/

            Sep 20, 2016 20:52 PM

            If you want a very speculative Copper Alloys, Beryllium and Scandium processing and manufacturing play, then check out IBC Advanced Alloys (IB) (IAALF).

            Most of what they do is design custom alloys of Copper and Beryllium for aerospace, defense, racing, and marine purposes. However, they have entered into a JV that really has my curiosity piqued.

            IBC Advanced Alloys just entered into a Joint Agreement with Niocorp (headed by Mark Smith; the old CEO of Molycorp, and he also heads up Largo Resources) to process and manufacture custom components with the Scandium from Niocorp.

            ________________________________________________________________________

            NIOCORP AND IBC ADVANCED ALLOYS ANNOUNCE JOINT DEVELOPMENT AGREEMENT ON SCANDIUM ALLOY APPLICATIONS DEVELOPMENT
            CENTENNIAL, Colo. and VANCOUVER BC – (June 20, 2016)

            http://www.ibcadvancedalloys.com/news/2016/06/20/2016/niocorp-and-ibc-advanced-alloys-announce-joint-development-agreement-on-scandium-alloy-applications-development/

            Sep 20, 2016 20:54 PM

            IBC Advanced Alloys – Corporate Presentation:

            http://www.slideshare.net/Itootill/ibc-02-10-final-copy-3048364

      Sep 20, 2016 20:33 PM

      Victoria Gold’s new study highlights promise of Eagle deposit
      The Gold Report | about an hour ago

      http://www.mining.com/web/victoria-golds-new-study-highlights-promise-of-eagle-deposit/

        Sep 20, 2016 20:52 PM

        Introduction to the Nuclear Fuel Cycle – Part 1 of 4
        by @Leni on September 20, 2016

        Speculating in the Resource Sector

        “What’s the most prudent way to make money in the junior resource sector? Play the cycle and buy stocks when the commodity that you’re interested in is out of favour, but truly has the potential to rebound via supply destruction or demand increase.

        “Upshot is simple: to achieve superior investment results, you have to hold non-consensus views regarding value, and they have to be accurate. That’s not easy.” ~Howard Marks, The Most Important Thing Illuminated, 7
        “Money is made on the delta between value and price.” ~ Rick Rule, Natural Resource Symposium, July 2016

        The latest resource sector example of this is gold. Since hitting an all time high in 2011, gold and the gold stocks were hit with a vicious bear market, dropping the stocks down over 90% in nominal terms. Speculating in gold stocks in 2014 and 2015 was a very lonely place.

        For me personally, I kept going over my gold thesis; unprecedentedly low interest rates throughout the world, plus quantitative easing (money printing) equals bad news for money’s purchasing power, and ultimately, major trouble for the world economy. In my mind, it made sense to turn to gold, and although my reasoning was much more complex, I believed that the gold market would turn around for a variety of reasons. Even though a lot of people thought I was crazy, I had to put my money into things that I could buy at 90% off their highs of the last bull market.

        The purpose of this report is to review my thesis on uranium, and why I believe it may very well be the next resource to come out of its bear market. The report will be broken down into 4 parts:”

        Part 1 –Introduction to the Nuclear Fuel Cycle

        Part 2 – Uranium Supply – Factors Affecting: Exploration and Production Capabilities (Open Pit, Underground, In Situ Leach (ISL) Mining)

        Part 3 – Uranium Demand – Factors Affecting: Environmental, Safety, Energy Needs, War and Politics

        Part 4 – How to Speculate in the Uranium Sector – Company Reviews…..”

        https://www.ceo.ca/@leni/introduction-to-the-nuclear-fuel-cycle-part-1-of-4

          Sep 20, 2016 20:55 PM

          Can Reusing Spent Nuclear Fuel Solve Our Energy Problems?
          Leslie Dewan’s Transatomic Power Co. is developing a new type of nuclear power plant.
          By Gary Strauss – PUBLISHED SEPTEMBER 19, 2016

          http://news.nationalgeographic.com/2016/09/leslie-dewan-explorer-moments-nuclear-energy/?

          Tad
          Sep 20, 2016 20:35 PM

          That was a good read. Nice link Ex. Can’t wait for part 4 though…

            Sep 20, 2016 20:54 PM

            Yeah, these multi-part releases really build the suspense. I’m worried I’ll miss the other sections. I posted some excellent Zinc articles on the weekend show from Doug Beattie, but I realized I only had 4 out of the 6 parts and must have missed the other 2.

            Regardless, it is always a good idea to pop into the Uranium room over at CEO once in a while as people post all kinds of interesting articles, company specific info, editorials, and sound off about the developments in the nuclear industry.

            https://www.ceo.ca/uranium

          Sep 20, 2016 20:18 PM

          Nice find Shad.
          I think people are way to jaded,ie stupid to get on board with nuclear.
          The one no one is talking about right now are the rare earths. They have been beat like a red headed step child with a dirty diaper.
          I like the plays that also have exposure to Au and Ag. If any kind of problems emerge with China,this sector will be a fast mover.

            Sep 20, 2016 20:33 PM

            Great points JohnK. I know you like Ucore and Matamec explorations.
            I have about a half dozen other ones that I still like as well.

            My personal favorite is Alkane Resources, because they are Gold Producer, using Gold revenue to fund their development of their Zirconium and specialty metals mine. They’re my top pick in specialty metals.

            Alkane Resources Ltd is an ASX and OTCQX (US) listed multi-commodity mining and exploration company with a focus on gold, copper, zirconium, hafnium, niobium and rare earth elements. Our projects and operations are located in the Central West of New South Wales, in eastern Australia.

            __________________________________________________________________________

            Alkane Resources – Corporate Presentation:

            http://www.alkane.com.au/images/pdf/asx/2016/20160511b.pdf

            Sep 20, 2016 20:59 PM

            Alkane Resources
            Full Year Financial Results for the year ended 30 June 2016

            Key Financial Highlights:

             Revenue increased by $7.2M (7.0%) to $109.6M
             Profit before tax increased by $14.8M from a loss position in 2015 to a profit of $6.7M
             Net cash inflow from operations increased by 31.0% to $37.5M
             Cash and bullion on hand (at fair value) increased by 51.1% to $29.7M
             Net assets increased by 11.7% to $190.3M
            Business Highlights:
             Production at Tomingley Gold Operations (TGO) reduced by 2.6% as a result of 3.9% lower mill throughput than was expected with a greater proportion of fresh ore being milled in FY2016
             Head grade milled increased by 3.5% from the prior year to 2.08g/t gold
             Recoveries reduced by 3.0% to 90.9% in line with expectations with increased fresh rock processed
             All in sustaining costs (AISC) were in line with the prior year at A$1,256/oz as expected with the stripping ratio exceeding the LOM average due to waste removal in Wyoming One
             Production and all in sustaining costs were within original guidance issued for FY2016 (60,000 – 70,000ozs and A$1,200-A$1,300/oz)
             Cost of sales reduced by 5.9% to $95.4M due to cost reduction initiatives and efficiency improvements at TGO
             Net cash inflow from operations improved as a result of stronger revenues from higher average sales prices achieved (A$1,605/oz compared to A$1,441/oz in FY2015)
             Net investing cash outflow increased by $10.6M predominately due to the investment made in waste removal in the Wyoming One pit at TGO and the purchase of the remaining properties covering the Dubbo Zirconia Project (DZP) operations site
             The cash position was improved as a result of the recent entitlement issue to support the development of the DZP of which $12.4M (before costs) was received prior to 30 June 2016
             The Macquarie Bank $14.0M working capital facilities were completed and available for drawdown in July 2016

            http://www.alkane.com.au/images/pdf/asx/2016/20160826b.pdf

            Sep 20, 2016 20:28 PM

            Thanks for the comeback.
            I sold out of Ucore,something is just not right there.
            Matamec just optioned a couple of new gold properties.
            I will be buying Alkane.
            Thanks again for all your hard work.

            Sep 20, 2016 20:03 PM

            Alkane has been around since 1969 so I feel like they’ll make it through any remaining weakness in the Specialty Metals space, but they have the gold mine for bull market in PMs to fund their expansion and development. A very unique company for sure.

        Sep 20, 2016 20:10 PM

        Minera Alamos Inc. – Precious Metals Summit – Beaver Creek 2016
        Chris Frostad, CEO
        (TSX-V: MAI)

        http://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2016/09/16/minera-alamos-inc/play/stream/20179

    Sep 20, 2016 20:34 PM

    I am not too sure about these sells on the Euro.

    My long term objective is to test the base on Eur/Usd at 0.82, but in the mean time, it should go higher. A Euro at 0.82 would mean a much stronger dollar. And with that low, capital would probably flee the Yen causing more dollar strength.
    The US cannot have more dollar strength and this is on the verge of an end of world scenario. The FED doesn’t want to mess with things, especially now.
    So if you believe the global economy will enter chaos in 2016, then maybe the Euro will fall apart; otherwise, if things chug along, the dollar should weaken and the Euro strengthen.

    Sep 20, 2016 20:40 PM

    Rick,
    The problem with the Mercedes is they are too expensive to fix!

    Computer controlled ride shocks?
    Fully automated computer controlled windows that automatically open?
    4-matic requires all tires to be changed if one goes bad?
    They are nice when they run, but don’t get caught with a malfunction, with labor rates of $150/hr and proprietary diagnostic software.

      Sep 20, 2016 20:51 PM

      +1

        Sep 20, 2016 20:44 PM

        My folks had 3 Mercedes in a row and they were nothing but money pits, I have 2 different buddies that have had a few and they complained about the same expensive maintenance.

        We know a few different folks in management over at Nissan, and the quality of the Infinity line has just suffered for the last decade or so. I was always a fan of Honda and Toyota, but 15-20 years ago I drove 2 Toyota Camries that I liked, so I just made the natural transition over to Lexus and after owning 3, I have been very pleased with performance and repairs.

          Sep 20, 2016 20:23 PM

          Yup, Lexus land Cruzer. Good SUV.

            Sep 20, 2016 20:49 PM

            I’ve always been a Lexus sedan man. ES 300 to GS 300, to GS 350. (It’s a bit sporty I guess).

          Sep 20, 2016 20:24 PM

          Do yourself a big favor and buy a Chevrolet. Local dealerships everywhere.
          My personal favorite is the 1981 Monte Carlo.
          #72 Bemidji Speedway,2012 Rookie of the Year.
          Now were talking cars!

            Sep 20, 2016 20:40 PM

            Nice!

            GH
            Sep 20, 2016 20:42 PM

            I once worked with a guy by the name of Nikolai from Bemidji. Small world.

          Sep 20, 2016 20:41 PM

          Guaranteed money pit.. M B = more broke…

            Sep 20, 2016 20:44 PM

            funny OOTB.

            Sep 20, 2016 20:52 PM

            OOTB:
            I like to call it 15 minutes a woman could never give me.

            Sep 20, 2016 20:25 PM

            JK, reminds me ,….my wife only allows me 15 minutes a year to drive my 07 vette ,400 hp, 6 speed manual. Only got 4000 miles on this machine and cheap to operate , since it is seldom driven.. 🙂

            Sep 20, 2016 20:31 PM

            OOTB:
            SWEET!

            Sep 20, 2016 20:24 PM

            OOTB, you gotta hit the positive traction button on that Corvette and do some donuts! I used to have a 2000. Loved the positive traction…! I don’t drive fast anymore, but still love to smoke-em-up!

      Sep 20, 2016 20:57 PM

      You just live in the wrong place Richard. We are picking up a Mercedes this year too but labour is just a dollar per hour average. Its the spare parts that get you since they have to be imported on an as-needed basis which just means flying in the thing you need……slows you down but what the hell. We have all the time in the world here.

      GH
      Sep 20, 2016 20:03 PM

      Personally, I’m not interested in a car that can track me, bug my conversations, and be hacked to take control of the brakes, lights, etc.

      I’ll stick with old 4x4s, pre-1985 preferably.

        Sep 20, 2016 20:09 PM

        You got something to hide?

          GH
          Sep 20, 2016 20:14 PM

          Spoken like a totalitarian.

            Sep 20, 2016 20:42 PM

            Maybe I am the 1%

            No wonder you guys hate me so much!

            Sep 20, 2016 20:37 PM

            Birdman, you are hated because you should be. The site is all yours now.

            Sep 20, 2016 20:42 PM

            Matthew – you calling it quits?

            Sep 20, 2016 20:01 PM

            Darn – I saw your post about leaving up above to GH, but I understand the reason and have considered it myself. Please see the note I left for you there.

            Sep 20, 2016 20:02 PM

            Matthew I left you a note above…..I would appreciate that you would reconsider. Thanks J

        Sep 20, 2016 20:45 PM

        G.H:
        I’m with you on that.
        I especially like my “noisey” car.
        1968 396 SS El Camino with a four speed.
        It’s actually a 454 clone with a 750 holley.
        Nothing quite like raw horsepower.

          Sep 20, 2016 20:56 PM

          Smoken machine.,nice..

          GH
          Sep 20, 2016 20:33 PM

          Nice. We’ve got some serious motor heads on here.

          I like the old 4x4s because I like to get way out in the boonies, so it’s best to have a simple machine and not worry about getting stranded just because a chip burns out.

            Sep 20, 2016 20:05 PM

            GH,
            Been thinking about the mad max / prepper truck lately. One EMP and all electronics are cooked. With an old school machine, all you have to do is replace the points. And good to go!

    Sep 20, 2016 20:51 PM

    I suggest a Porsche 944, I’ve got a 1986 one, no ECU, no computers, costs peanuts to buy £2300 and never goes wrong (fingers crossed) servicing also surprisingly cheap, bit fuel thirsty though

    Sep 20, 2016 20:27 PM

    Matthew leaving? that would be too bad.
    I really appreciate Matthews charts,investment ideas and comments.

      Sep 21, 2016 21:51 AM

      Agreed Pete. It is very bad news for anyone that valued real technical analysis skills, the best charts on this blog, and a consistent track record of picking the outperforming Jr mining stocks (one of the best I’ve ever seen).

      In the 5 years I’ve chatted with Matthew here on the KER he’s only left one other time, and for the same reason…… “you know who” and the site’s inability to deal with the troll here. We didn’t accept his resignation last time, and I see Matthew as one of the most valuable contributors to the KER, but I believe he’s done this time.

      I can’t blame him for wanting to spend his time where he isn’t dealing with the BS of the blog mosquitoes on here. It has sure crossed my mind as well. Nothing worse than taking 10-20 minutes to come up with a post, and then having a negative Nancy come along and crap all over it. It get’s very old and tiring.

      Very sad it came to this.

        Sep 21, 2016 21:36 AM

        Good grief, what a complete cluster.

        I thought the malcontent Heavy Hitter/Trader Jake put this site in a rapid state of decline and couldn’t be topped.

        I guess I was wrong.

        Matthew, if you read this, take a day off from this clown episode and come on back. If you and Ex decide to call it quits, then I’m out as well.

        I would prefer to see you just ignore the insufferable arrogant bore and just do your thing like you always do. There is much, much, much more value here when we all talk resource stocks and related issues and you an Ex are a big part of that.

        My 2 cents!

        V

          Sep 21, 2016 21:45 AM

          Thanks guys for the support but I’ve had enough of the steaming pile of shit that is Birdman.

          Take care and good luck.

            Sep 21, 2016 21:48 AM

            Makes sense and understood. I left you a note up above on where to find me if you want to discuss stock ideas.

            All the best amigo.

            Sep 21, 2016 21:56 AM

            Matthew, take a day off and reconsider.

            Sep 21, 2016 21:58 AM

            That is a pretty offensive comment Matthew. I think you are making the right decision to leave.

            Sep 21, 2016 21:04 AM

            It is not nearly as offensive as what you’ve done for the last three years. It is also not as offensive as Al and Cory thinking this has a thing to do with who wants to be the “prettiest baby.”

            You are despicable Birdman, and always will be.

          GH
          Sep 21, 2016 21:36 AM

          The problem is, we shouldn’t have to wade through Birdman’s crap all the time, but Al and Cory refuse to do anything about it.

          I actually hold them just as responsible than Birdman. Trolls will be trolls, and like the scorpion, he’s just being true to his nature. But they’re enabling him.

          Clearly, from all the comments over the past few days, many of us feel the same but usually just bite our tongues and gloss over the garbage because we’re civil and we hold Al in high esteem. So it’s unfortunate that it’s come to this, but apparently there’s no other way to get Al and Cory’s attention.

            Sep 21, 2016 21:43 AM

            +1

            Sep 21, 2016 21:51 AM

            GH, have been trying to post on the subject of the euro and in case you have not noticed almost nobody (including you) has engaged in that discussion or for that matter anything topical. You own posts have been exclusively negative and directed at me capriciously when you are not even directly involved in the conversation. Most of the past three days I been careful not to write anything incendiary that would further embolden the kind of comments that were being written bu a few here. At some point I need to take the defense though and that is what I am doing now.

            Your post above is devoid of content. It is entirely personal and uncalled for. It serves no purpose and like others that are similar is a distraction on the site. So I would ask you to desist and not add to the problem uninvited. Make an effort and we can all move on.

            GH
            Sep 21, 2016 21:11 AM

            We could go back and forth like this ad nauseum, but the point has been made.

            Now it’s up to the site moderators to decide what to do.

            GH
            Sep 21, 2016 21:57 AM

            All my posts still come up on my screen, so I guess you’re lying again Birdman.

            But I will take a hint: as long as you’re still allowed on this blog, I won’t participate anymore.

            My presence here doesn’t matter a fraction as much as that of Matthew or Excelsior, but it’s worth making the statement to Al and Corey. May they eventually see the light.

            Best wishes to all of you. Even you, Birdman–you need them most of all.

        Sep 21, 2016 21:20 AM

        I agree,Excelsior,very sad…

    Sep 21, 2016 21:06 AM

    Hope you reconsider & hang around Matthew.
    Cheers.

    Sep 21, 2016 21:03 AM

    Tragic.

      Sep 21, 2016 21:05 AM

      I seriously doubt the void will be filled.

        b
        Sep 21, 2016 21:19 AM

        Thats right Bird,
        but its a question as to who replaces them.
        Recall they and other chased away anyone that was saying gold was in a bear and it was headed down?
        People hated that.
        Anyway, those people were not replaced with similar thinkers, so the question of who replaces them remains. For awhile, but they will be replaced.
        Thats if they actually leave.

        Any thoughts on todays gold action?
        At this point yesterday was the time to buy the shares I watch.

        Sep 21, 2016 21:48 AM

        BM:

        It took a lot of courage for you to admit this.

        Threats of leaving are like suicide notes. You hope someone will answer them before you pull the plug and you will get your way. They are also often associated with emotional blackmail as in the case of a spouse who kills herself and deprives the Father of support for his children.

        It is purely manipulative too.

    Sep 21, 2016 21:30 AM

    BS……

      Sep 21, 2016 21:44 AM

      Confidence in a person takes a long time to establish. These two gentlemen have established that with out question.

    b
    Sep 21, 2016 21:25 AM

    I know some people appreciate Mat and shad/ex, others can find their own lists.

    Mats trading Im certain works for him, I never followed as it really didnt apply/fit with the way I trade.

    Mat I found to be correct more often than not concerning the direction of a share, but far from perfect.

    Now before you say I just said I didnt follow, I followed some of the same shares Mat commented on. Hard not to notice.

    Sep 21, 2016 21:48 AM

    Here is Edelsons post for today. At the end of the page he has a advertisement. stock market tsunami. It as a long read but worth the time.
    http://www.moneyandmarkets.com/entering-critical-period-now-heres-81961?

      b
      Sep 21, 2016 21:07 AM

      Thx Doug, a neat read.
      I can never figure out why guys that know exactly whats going to happen have to sell.
      Wouldnt he already be a multi billionare after being in markets as long as he says he has?
      Maybe not, maybe he didnt start with enough.

      Thx tho. neat read.

    Sep 21, 2016 21:54 AM

    Can’t we get a “cyclical” inflation coming up?