Weekend Show – Sat 1 Oct, 2016

The state of the US Economy and how to protect your investments

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In the first hour of the weekend show we focus on the state of the US economy. We have David Stockman join us for the first three segments and wrap up the first hour with Dan Oliver.  In the second hour we focus on actual investments, where investors can protect their wealth in these uncertain times. Joe Mazumdar shares what he and Brent are doing with the Exploration Insights portfolio and fund manager Dana Lyons takes a technical look at the US markets and gold. We are also joined by Chris Martenson and Ronald-Peter Stoferle to round out a great show.


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Cory FleckAl KorelinDan OliverChris MartensonDana LyonsRonald-Peter Stoeferle

  1. On October 1, 2016 at 2:05 am,
    Tad says:

    Thanks for the hard work guys. Always appreciated 🙂

  2. On October 1, 2016 at 2:17 am,
    Skeeta says:

    Cheers for the efforts aa alalways fellas. Much appreciated.
    Cm dowmmliadwd byr will listen in the morning. .currentlr too dru k

    • On October 1, 2016 at 6:03 am,
      Excelsior says:

      Skeeta – That may have been my favorite weekend thank you from you of all time and for “aa alalways”…..

      “Cheets” & Cheers to you mate!

      • On October 1, 2016 at 6:12 am,
        Excelsior says:

        Thanks Big Al & Cory for continuously seeking out great guests, and asking the big questions.

    • On October 2, 2016 at 4:57 am,
      Tad says:

      Ouch… plink, plink fizzzzz Skeets 😉

      • On October 3, 2016 at 2:36 am,
        Skeeta says:

        Sorry for the very drunk post guys !!
        Spent the long weekend down with my eldest Uncle at his house (he is aged well into his 80’s now but still very physically fit & mentally alert).
        His Football team finally won another Grand Final (your version of the Super Bowl).
        He’s waited a very long time to see it….last time they won he was a young man aged 20.
        To see him struggle to keep himself from crying in pride turned on the tears for me.
        Took the entire extended family out for us all to celebrate with him for a fabulous lunch at a local Winery’s restaurant the following day to celebrate.
        All paid for by Mining Share profits taken from this year.
        Life is good.
        Cheers fella’s (not Cheets) !! 🙂

        • On October 3, 2016 at 5:58 pm,
          Excelsior says:

          Awesome story Skeeta. All the best sir.

  3. On October 1, 2016 at 2:54 am,
    Archdeacon (!) Andrew says:

    Hey Tad you’re nabbing Skeeta’s pole position, given that hangovers are no excuse!! Ditto to the vote of thanks as always. Missed last weekend as we’ve been away, but I loved Ex’s religious exchanges with bentnail.

  4. On October 1, 2016 at 5:09 am,
    Xriva says:

    Headline from Yahoo Finance : “Cramer: We’ve missed the big move on Sarepta Therapeutics”


    Yes, but Chris Temple did not miss it. Good Job Chris.

    • On October 1, 2016 at 5:28 am,
      Temple says:


  5. On October 1, 2016 at 5:27 am,
    Archdeacon (!) Andrew says:

    Weekend show may be eclipsed by what Bix Weir has to say on Financial Survival Network. Tune in at c.17 mins – Eve of the Crash may prove to be just that.

  6. On October 1, 2016 at 6:20 am,
    Markedtofuture says:

    Nomi Prins “Banks Are Committing Bigger Crimes Than Pre 2008 & The Public Is Oblivious To It!”


  7. On October 1, 2016 at 6:24 am,
    Markedtofuture says:

    Secret Alpine Gold Vaults Are the New Swiss Bank Accounts

    Deep in the Swiss Alps, next to an old airstrip suitable for landing Gulfstream and Falcon jets, is a vast bunker that holds what may be one of the world’s largest stashes of gold. The entrance, protected by a guard in a bulletproof vest, is a small metal door set into a granite mountain face at the end of a narrow country lane. Behind two farther doors sits a 3.5-ton metal portal that opens only after a code is entered and an iris scan and a facial-recognition screen are performed. A maze of tunnels once used by Swiss armed forces lies within.


    • On October 2, 2016 at 12:25 am,
      Bentnail says:


      Do you actually believe that?

      • On October 2, 2016 at 12:35 am,
        Bentnail says:

        I am not sure if you have seen Alex “New Age Shill” Jones’ website where a similar article is posted, which speaks of billionaires freaking out and hiding their gold in underground Swiss bunkers. That is what I refer to when I ask, :Do you actually believe that?” I certainly don’t.

        • On October 2, 2016 at 10:11 am,
          Markedtofuture says:

          Bentrail, you mean to tell me Bloomberg would spread false stories? It’s all a crock.

          October Surprise Coming-Gerald Celente

          Published on Oct 2, 2016
          Trends researcher Gerald Celente says, “The media is very favorable to Clinton for a very obvious reason as we see it. . . . Here’s some facts: The fact is once upon a time, there used to be a thing called communications regulation. . . . Bill Clinton deregulated the industry to allow the few to own everything. So, six companies now control over 90% of the media. Why do you think they are supporting her? Hillary and Bill Clinton get paid $250,000 to $300,000 for a half hour or hour speech when you can hear them BS for free all day long. It’s called pay-back. That’s all it is. It’s a sellout to America. Nobody is calling them out because why should “presstitutes” call them out? They are working for the whore master. They get paid to put out. That’s what they are doing. They are putting out the propaganda by the whore masters who run the media.”

          Join Greg Hunter as he goes One-on-One with Gerald Celente, Publisher of The Trends Journal.


          • On October 2, 2016 at 2:44 pm,
            Bentnail says:


            LOL – No. The media would NEVER push a false story. Just checking!

            You asked, “Why do you think they [media] are supporting her [Hilary]? That’s an easy one (if you understand the new age agenda). If you do not, then you may want to look into it. It is far too expansive to write about it here.

          • On October 2, 2016 at 9:33 pm,
            Bentnail says:

            Strange – my last post was deleted. I didn’t mention anything other than the fact that what we see going on is all part of the new age agenda.

  8. On October 1, 2016 at 6:34 am,
    Markedtofuture says:

    AlliedNevadaFraud with an update!

    Hey everyone! Jordan here!

    Hey everyone, what is to follow is a special update from Mr. Brian Tuttle himself. For everyone who just joined, Brian Tuttle has been our General in this fight. The only difference between him and any other General is that he has actually been fighting for us on the front lines. This is the first time he is issuing an update directly from himself directly to everyone so please give this email your undivided attention.
    – Thank you, Jordan

    Brian here with an update.

    First and foremost I would like to take this opportunity to thank everyone for the support and donations. Without you guys we would of never made it this far.

    As you all probably know the District Court ‘dismissed our appeals on grounds of equitable mootness finding third parties could be harmed by a reversal of confirmation and that public policy favored dismissal. We are appealing this ruling to the 3rd Circuit, attached is the Notice of Appeal and Statement of Designation outlining that appeal.

    Now is the time for an all hands on deck approach. More than monetary contributions we need time and effort to put forth one last push. While looking at the case law and brainstorming, it has occurred to me that, if the Court wants to make this an issue of public policy and damage to third parties; LET’S MAKE IT AN ISSUE OF PUBLIC POLICY AND DAMAGE TO THIRD PARTIES both for the 3rd Circuit and possibly Supreme Court.

    Maybe the most important thing we can obtain from you all are affidavits in support of our arguments that third parties and/or public policy favor a reversal of confirmation. If any of you believe that either A) public policy favors a reversal B) as a third party you will not be damaged by the confirmation being reversed, please contact:
    k6v9581k3 At gmail.com to see about the filing of any affidavit.

    Lastly many have contacted their congressional representatives or regulation agencies raising concerns about grievances they have related to the Allied Nevada Bankruptcy. Unfortunately, to date these injustices have been swept under the rug. Now is the time we raise our voices till they hear us loud and clear. I call on you guys to raise awareness to the public, press, elected officials or appointed regulators and even your local colleges- particularly those that practice law. There is a draft synopsis floating around that shareholders have used so if anyone needs a copy let me know.

    Again thank you all and let’s give one final push to take the fight to these guys. It’s probably important to note my focus has been fighting this case through the bankruptcy proceedings. Someone should look into filing a class action lawsuit – remember none of the players in this bankruptcy obtained releases. If someone would like to take the reigns on this please let us know.

    Thank you and as always, keep an eye out for our next update 🙂

    Brian Tuttle

    Statement of Filing Designation – http://alliednevadafraud.com/useruploads/notice%20of%20filing%20designation%20and%20statement%20of%20record%203rd%20circuit.pdf

  9. On October 1, 2016 at 6:58 am,
    James the lesser says:

    James the lesser precious metals review
    3Q 2016
    Gold: D
    Silver: F

    3Q 2016 saw FED once again punt on raising interest rates.
    As usual they left the door open for a possible rate hike in December.
    November, a non press conference meeting seems to be completely off the table.
    This has been the FED’s playbook for years now, talk about raising rates, make every FOMC meeting “live” but never actually raise rates.
    How they have been able to get away with that this long is bewildering.

    The FED is also starting to float the idea of NIRP and directly purchasing equities.
    The ECB and BOJ are already purchasing corporate bonds and equities.
    The FED is doing it through the back door.
    Now they make no pretense they want to start buying equities.
    This is part of all the unconventional tools as their disposal.

    The president election continues to be nothing but Kabuki Theatre.

    Deutsche Bank was a temporary annoyance to ever higher stock prices.
    For a minute their it looked like another Lehman moment was at hand.
    At the last minute the DOJ, realizing the 14b fine might be a little too much and could crash the whole economy if DB went down, reduced it to 5b.
    This has not been confirmed but the market is acting as if it is a done deal.
    Of course 5b is a small price to pay for what they did and how much they made.
    The banksters have a green light to keep doing it.
    Do what’s fraudulent, illegal and abusive first, then worry about the penalties if any later. No self respecting CEO would do it otherwise.

    Also news worthy was the EpiPen scandal and the grilling CEO Heather Bresch took.
    16m salary, nice work if you could get it.

    In sports the Chicago Cubs clinched a pennant and have won over 100 games.
    It’s been 108 years since they won a World Series, and they look extremely tough.
    It looks like we might see history since only a very very few people were alive in 1908 to see them win back then.

    Think of all the changes that have taken place since the last time the Cubs won it.

    As far as the grades, there are many people who disagree strongly with them.
    I’m quite confident they are accurate.
    Their are a lot of pumpers and so called analysts calling for much higher gold and silver prices. I think they are doing their readers and subscribers a disservice.
    These pie in the sky numbers, although very encouraging, are not based on any factual evidence.

    Right now there is no catalyst for higher prices.

    Stocks and metals continue to be competing forces and stocks for several years have been winning, this year not withstanding.

    In conclusion, if the FED does move in December this could be the catalyst for higher prices. If history repeats, the start of 2017 could be just like the start of 2016.

    So don’t fear the rate hike, it is a myth gold won’t perform well as rates rise.

    If they do raise rates in December it would only be to save whatever credibility they have left. They have backed themselves into a corner. At the beginning of the year there was talk of as many as 4 rate hikes, they are fighting tooth and nail to achieve one. Many experts feel it will be their last rate hike. A hike in December will give them cushion to lower later if need be. This is all speculation though.

    In the meantime the grades are appropriate and their is nothing on the immediate horizon to change them.

    • On October 1, 2016 at 8:30 am,
      GH says:

      Will the grade change before they move, or after?

    • On October 2, 2016 at 9:20 am,
      GH says:

      The picture seems pretty clear to me, James.


      Sure, the gold:silver ratio could go back up to 80, but the odds don’t favor it. In any case, pick an entry on the weekly chart with a good stop. If you get stopped out, play again, until you get in line with the long-term trend. This chart looks like easy money to me. Trying to outwit the short-term fluctuation is a lot harder.

      I lean toward expecting this PM correction to continue for a bit longer. A reasonable technical target on the weekly chart would be the 50 week moving average, at about 73-74. IF the ratio reverses down from there, the gold bull is back on, silver and mining stocks will continue to lead gold. They’ve already taken out their long-term downtrendlines–gold hasn’t yet. Looks like clear gold bull market action. Sure we could see some more weakness in this correction, but that’s only normal. Much less normal would be for this ratio chart to reverse upward and make new highs. The last time it happened was in the late 80s.

      The fundamental picture favors strength in precious metals and commodities. The technical picture does as well. If someone has the income and capital to ride the big waves, it’s not so hard.

  10. On October 1, 2016 at 7:02 am,
    David Bain says:

    What is the effect of Commerzbank?

    I didn’t hear any comments upon this Institution.

    Will this Entity receive or takeover some of DB operations?

    Just wondering what the impact or fall out is?


    • On October 1, 2016 at 7:51 am,
      CFS says:

      All major European banks are so intertwined that when one major bank fails, it will bring down many others.
      If you listened to the Big Picture on financial sense.com today, the leverage ratios are given for some American Banks. Some European banks are worse, some are better, but there is a problem. We do not hear much anymore about Spain or Italy, but some banks there have extreme leverage and hang by thin threads. Draghi and Yellen are doing their best to keep things from collapsing, but they have too many balls in the air, or too many leaks in the dam. They are running out of hands and fingers and TIME. There is a limit to what Central Banks can do.

    • On October 1, 2016 at 8:16 am,
      CFS says:

      David Bain, you should listen to Martin Armstrong, on this topic.

  11. On October 1, 2016 at 7:41 am,
    Joe Mazumdar - Exploration Insights says:


    Just wanted to correct a comment on the Kibali gold mine in the DRC. I said that it was ‘low grade’ when I meant to say it was ‘low cost’.


    Joe Mazumdar
    Exploration Insights

    • On October 1, 2016 at 1:49 pm,
      Excelsior says:

      Thanks for your thoughts this weekend. I’ve been keeping an eye on (BRY.AX) (BRYYF) Burey Gold as well, and we’ve been discussing it a little bit over at Ceo in the AUfrica panel.


      I was just curious as to your thoughts on the merger of Kirkland Lake and Newmarket Gold? I really like both management teams and both asset bases, and one would think this would be a strong merger. However, not every merger is (1+1 = 3 , some of them are 1+1 = 1.5 ). Just curious as to your thoughts on the new combined company?


      • On October 1, 2016 at 10:04 pm,
        Excelsior says:

        BYR.AX not BRY.AX.

        • On October 1, 2016 at 10:06 pm,
          Excelsior says:

          Here’s the Burey Gold room on CEO that has more conversation around the stock:


          • On October 1, 2016 at 10:28 pm,
            Excelsior says:

            Sarama Resources (SWA) (SRMMF) is another African gold exploration and development company I’ve been interested in watching as of late. Just curious as to whether anyone else here on KER has a position in Sarama?

            Sarama Resources Corporate Presentation Slide Show:


          • On October 2, 2016 at 5:13 am,
            Tad says:

            Yes to Sarama… unfortunately.
            Bought at the wrong time and, as its so thinly traded, I think I moved the market, ha ha.
            Still waiting for it to turn up again. After Christmas I think now. Will definitely keep on to it though. Medium/long term it’s a winner I think.

          • On October 2, 2016 at 9:52 am,
            Excelsior says:

            Funny Tad on moving the market. Yes I’ve been guilty of moving the market in thinly traded stocks before as well. It happens….

            Personally, I don’t have a position in Sarama, but there are some sharp investors that have highlighted the benefits a few times, and I thought I’d check here to see if anyone was following their story. As I got to looking into it more closely, it does look like a very interesting exploration and development company in Africa, along with their JV partner Savary Gold.

      • On October 1, 2016 at 11:04 pm,
        Excelsior says:

        Kirkland Lake gold deal puts the new company under Bay Street’s radar

        Kirkland Lake is buying Newmarket Gold in an all-stock deal valued at $1 billion. Maison Placements Canada’s president and CEO John Ing tells BNN why he thinks the deal makes sense.


  12. On October 1, 2016 at 9:45 am,
    FranSix says:

    NYSE margin debt peaked in 2015, the ‘Minsky Moment’ for equities. Since then the chart is building an inverse head-and-shoulders pattern:


    • On October 1, 2016 at 12:21 pm,
      CFS says:

      We just ended a quarter. When the latest data set is reported, I suspect we will be at record margin debt.

      • On October 1, 2016 at 2:31 pm,
        FranSix says:


  13. On October 1, 2016 at 9:58 am,
    CFS says:

    With the buying of the NYMEX Clearport by the CME, it is possible this could be used as a vehicle to remove counterpart Y risk in interest rate and credit swap derivatives.
    For those not familiar with this Clearport, its operations are discussed in:

  14. On October 1, 2016 at 10:00 am,
    russell s hamilton says:

    Well friends : My vote for Gary Johnson starts looking rational now as we see Donald Trump go nuts and irrational . would you elect him to your local city council ?? in states like Maine and New Mexico he could come in second in the popular vote . My brother in law who was a big Trump fan , is now talking about voting for Johnson . Meanwhile , banks are very shaky[ i use a local credit union] and Europe is in a mess . Love to you all S

    • On October 1, 2016 at 10:10 am,
      CFS says:

      Have you listened to Gary Johnson for any period of time?
      Trump is not particularly well-educated and informed, but Gary Johnson may barely have an IQ of 100. Once away from his memorized talking points, he is lost. He might be OK on a city council or school board, where damage would be limited.

      It is disgusting that the MSM has produced such terrible main party candidates while most of America was sleeping.

      • On October 1, 2016 at 10:18 am,
        Matthew says:

        He’s a goofball and hardly a libertarian.

        • On October 1, 2016 at 7:04 pm,
          LPG says:

          If one thinks about it for one second SERIOUSLY…
          … How many libertarians TRULY want to be the head of an Administration ?
          That is an administration w. the big “A”, and esp. the one of the US of A. ???

          Or let me rephrase:
          How many TRUE libertarians want to be the head of the Administration of the US of A ?

          I just saw 2 videos w. G.J: the “Allepo” one and the “name one foreign leader you respect”. Honestly, I think I shook my head harder in disbelief than during at any point in time during the Donald/Hilly debate. I think he’s an embarrassment to himself.

          My 2cts.


          • On October 1, 2016 at 7:39 pm,
            Matthew says:

            The answer has to be zero. Even Ron Paul was really more interested in teaching than winning when he was running.

          • On October 1, 2016 at 8:15 pm,
            Dick Tracy says:

            Maybe you’re right LPG, but I think Hillary was given the questions before the debate and she definitely had the right medications to keep her going. Lester Holt the interviewer is associated with The Clinton Foundation as a member. Life is not always as it appears. Furthermore the papers on the lectern that she used were picked up immediately after the debate ended and Trumps were not.DT

          • On October 1, 2016 at 8:39 pm,
            Matthew says:

            DT, I think you might have misunderstood LPG. Gary Johnson is an embarrassment to himself, not Trump.

          • On October 1, 2016 at 9:09 pm,
            LPG says:

            Hello D.T,

            Hope all’s well.

            As Matthew pointed out, I was indeed referring to Gary Johnson. 😉

            As far as the Donald/Hilly debate, here’s what I think: there’s enough on her & Bill out there to make a case in ANY debate.
            To me, really, whether she had the questions beforehand should not have mattered for the Donald’s performance if he really was solid (it’s really a case of “What diiiiiiifference does it make ?” 😀 ).
            To me, as a simple, non-US observer of the debate, with no skin in the game, it’s not that she was “Sooooooo good”. It’s just that he was sooooooooo amateurish. In the last hour, she played with him like a matador with a bull – I felt almost sorry for the guy.
            If he wants to do himself a biiiiiggg favor, he should 1) re-watch the debate a couple of times, 2) look at how she played with him, 3) pay strict attention at how he reacted and (4) LEARN from this. In other words: menos Machado & Co’, mas trabajo.

            My 2cts.

            Best as always,


          • On October 2, 2016 at 6:29 am,
            Dick Tracy says:

            Hi LPG, I agree with your assessment of Trump ‘s performance during the debate and I posted that Hillary was much more prepared that evening, I think we will see a different performance on October the 9th, I don’t think he felt it was necessary, which was a big mistake on his part. I believe that on October the 9th we will see a different approach.
            Take Care, DT.

          • On October 2, 2016 at 6:32 pm,
            Excelsior says:

            ‘Saturday Night Live’ Recap: Alec Baldwin Trumps Host Margot Robbie


    • On October 1, 2016 at 5:00 pm,
      CFS says:
  15. On October 1, 2016 at 10:00 am,
    Excelsior says:

    A Tutorial for Troubled Times
    Rick Rule Published : August 29th, 2007 – The Uranium Report

    “Volatility is not just a condition, it’s a tool. If it is a tool that you are unwilling or unable to utilize, you should consider a different investment medium.”

    “We have had a “wake up” call. Review the reasons you became a resource investor and/or speculator. Are those reasons still valid in your view? Do you have the emotional strength to be a contrarian, using cyclicality, welcoming volatility, buying panics, and selling rallies? If not, do yourself and your broker a favor, and close your account. If this sector appeals, then use this panic as a slap in the face. ”


    Some advice is timeless……

    • On October 1, 2016 at 10:04 am,
      Excelsior says:

      Silver Way Undervalued
      Adam Hamilton – Sep 30, 2016


    • On October 1, 2016 at 10:05 am,
      Excelsior says:

      Going the way of the Denarius
      Jeff Thomas – September 30, 2016


      • On October 1, 2016 at 10:28 am,
        Excelsior says:

        Sprott’s Thoughts – The State of the Sector
        By: Sprott US Media – Saturday, October 1, 2016


        • On October 1, 2016 at 8:44 pm,
          LPG says:

          Strange this “Sprott’s Thoughts” piece don’t mention Gwen Preston is the author…

          • On October 1, 2016 at 11:27 pm,
            Excelsior says:

            She has done ghost writing for other publications and newsletters in the past. You are correct that I don’t see her name attributed. How do you know she wrote it?

          • On October 2, 2016 at 12:35 pm,
            LPG says:

            Hello Capitan Shad,

            I’ve seen Sprott posting articles of her in the past, with her name clearly mentioned. I think her name being omitted this time is just a mistake.

            “I know” she wrote it is because the Sprott article is an abstract from her “Maven Monday” article, published Monday, Sept. 26.
            The only differences are that 2 pieces of her article were removed, namely (1) the first part (re: int. rates/the Fed) and (2) several lines related to a few specific stocks.

            Best as always,


          • On October 2, 2016 at 4:21 pm,
            Excelsior says:

            Neat. I didn’t realize Sprott was posting her articles, but good catch on it being an abstract from her Maven Monday article.

            At least you’ve given Gwen credit here on the KER.

            Thanks LPG.

    • On October 2, 2016 at 11:05 pm,
      Excelsior says:

      Junior Resource Stocks That Eric Coffin Likes
      Posted By Smallcappower – September 29, 2016


    • On October 2, 2016 at 11:08 pm,
      Excelsior says:

      Rick Rule talks precious metals stocks on BNN with Catherine Murray – $SIL $CEE $CXO $SGN $IVN $KGI $BTO $RD $NDM $NSU $EDV $AOT $OGC $ICG $TGZ $ABX $AEM $OR $MOZ $NGD $HBM $ALS $AXY


  16. On October 1, 2016 at 10:00 am,
    CFS says:

    My iPad for some reason decided counterparty was not a word!

  17. On October 1, 2016 at 10:12 am,
    Pete says:
  18. On October 1, 2016 at 10:21 am,
    Pete says:
  19. On October 1, 2016 at 10:40 am,
    Pete says:

    Are Lithium-Ion Batteries Reaching the Point of Diminishing Returns?


    • On October 1, 2016 at 10:43 am,
      Excelsior says:

      Interesting article Pete:

      There is quite a bit of information on Energy Storage on this website.


      • On October 1, 2016 at 11:14 am,
        Pete says:

        Yes,a lot of information,thanks Excelsior.

        • On October 1, 2016 at 11:27 am,
          Excelsior says:

          There are some interesting ideas on batteries outside of Lithium-Ion batteries using different chemistry, hydrogent, and even saltwater. For now, the supply chain and innovation is based on Lithium batteries though, and until that changes, then there is a viable market and multiple applications in technology, materials, medicine that will fuel its continued utilization. That is all any commodity can hope for.

          • On October 1, 2016 at 11:29 am,
            Excelsior says:

            hydrogen not “hydrogent.” The gentlemen running the dam = hydrogent.

        • On October 1, 2016 at 11:51 am,
          Pete says:

          Excelsior,i own 2 Lithium stocks,but i don´t really like Lithium that much.
          But that is the best thing we have right now.
          I think that one day when we wake up someone has invented a new battery technology.
          So,if its going up i´m buying it,i don´t have to like what´s going up.
          I like gold,silver,copper,oil etc,i don´t think that those will be replaced in the foreseeable future

          • On October 1, 2016 at 12:07 pm,
            Excelsior says:

            Great points Pete. The biggest risk to Lithium is a better battery technology, and despite many claims that they already exist, the infrastructure and developing EV and energy backup markets are clearly in favor of Lithium at present.

            “I don´t have to like what´s going up.” – Pete

            Bingo. I had a mentor that taught me “you don’t have to like the smell of gasoline to own about dozen gas stations, and then watch cars and trucks pull in all day long.”

            That point seems to escape investors, where instead, they want to fall in love with only 2-3 companies and hug them until they go up. 🙂

          • On October 2, 2016 at 10:17 pm,
            Excelsior says:

            Neometals & Mineral Resources looking to construct downstream lithium processing plant for Kalgoorlie
            October 3, 2016

            “Under the terms of the MOU, the partners will use lithium concentrate form their jointly-owned Mt Marion Project to produce a battery-quality, lithium hydroxide product intended for direct sales to the Lithium Ion Battery industry.

            Neometals and Mineral Resources own 43.1% and 13.8% respectively of RIM, the owner of the Mt Marion Lithium Project. The two partners also have offtake arrangements with Rim that will allow them to collectively purchase 51% of total spodumene production form Mt Marion from around 2020. The remaining 49% of spodumene production from that time has already been committed for purchase by 43.1%-RIM shareholder Ganfeng Lithium Co. Ltd, which is obligated to purchase 100% of production from Rim in the interim.

            The MOU will see Neometals and Mineral Resources jointly assess the technical and commercial feasibility of the construction and operation of a plant with nameplate capacity of 20,000 – 25,000 tpa of lithium carbonate equivalent production, utilising the conventional sulphate/caustic soda process used by leading Chinese lithium converters, including Ganfeng.”


  20. On October 1, 2016 at 11:13 am,
    Excelsior says:

    Rick Rule’s Top Stock Picks
    Sprott’s Rick Rule names Ivanhoe Mines, Altius Minerals, Alterra Power as top stock picks
    Sarah Jamieson • September 29, 2016


    • On October 1, 2016 at 11:19 am,
      Excelsior says:

      Definitely 3 quality companies and we’ve been discussing all 3 on the KER for quite some time. I own Ivanhoe and Alterra power, and have traded in and out of Altius.

    • On October 1, 2016 at 11:29 am,
      Pete says:

      Impressive,IVN is one of my favorite stocks,long term.(yes there is risk,but with those assets/deposits i am a happy shareholder)
      I own Alterra,but not Altius at present but i am buying that one later

      • On October 1, 2016 at 11:35 am,
        Excelsior says:

        Nice. Sounds like we’re on the same page then Pete. My only issue with Altius, is everyone realizes it is a well-positioned company and the share price has moved up accordingly.

        I’ve realized good value in other prospect generator and royalty companies like Eurasian Minerals, Millrock Resources, Golden Valley Mines, Marlin Gold, Strategic Metals, and Aurico Metals. I’ve recently starting building a position in Teuton Resources as well. My plan is to eventually have positions in Altius Minerals, Globex Mining, Mirasol Resources, Transition Metals, Riverside Resources, Revelo Resources, and Eagle Plains.

        • On October 1, 2016 at 12:13 pm,
          Wolfster says:

          Hey Ex,I painted houses as a summer job during my university days…..finding golden valley the last month reminding me of those days watching the paint dry.keep thinking it’s going to break through that .35 level but it never does…..nice to see excelsior getting into the .40’s….looking to get some Tinka after spending time on that CEO.ca site you mentioned

          • On October 1, 2016 at 1:31 pm,
            Excelsior says:

            Yes, Golden Valley has been holding steady, but avoiding the valley many other mining stocks find themselves in. That works for me at present, and the half ownership of Abitibi Royalties and the exposure to Sirios is underpinning the stock.

            As for Excelsior Mining, I’ve been watching it along with many of the Copper miners with great interest. Yes, as far as Zinc goes Tinka looks very intriguing indeed.

            BTW – We are now in October, and I believe Mexus Gold will declare that they are officially in production later this month. I’ll be excited to get a bit more guidance from them and wish they’d put up a corporate presentation slideshow and group all the key info in one place. Anyway, that will be a significant milestone for Mexus to announce the production IMO.

          • On October 1, 2016 at 1:38 pm,
            CFS says:

            Base metal stocks appear to have broken out above resistance areas.
            e.g. DBB or JJM
            I don’t like their RSIs or volume, but they appear to have broken out.
            But then I’m not a good chart reader, so what do I know.

          • On October 1, 2016 at 10:28 pm,
            dw jones says:

            excelsior, how about these lesser known stocks : levon res(lvnvf) with 488 mil oz ag,9 bil lbs zn, 4.7 bil lbs pb, 137 mil oz au and silver bull (svbl) with 90 mil oz ag,4.67 bil lbs zn & 56 mil lbs cu. seems they under loved in the market so far!

          • On October 2, 2016 at 12:12 am,
            Excelsior says:

            HI dw jones – Yes I like the looks of both Levon (which I’ve followed for years) and Silver Bull, which has been on my radar lately because of an increase in discussion about it due the fact that it’s had such an epic run in 2016. Similar to Silvercrest. I don’t own Levon or Silver Bull, but have considered Silver Bull.

            For new Silver additions I interested in starting new positions in Excellon, Bear Creek, Silverbull, Santacruz, and Bayhorse. The challeng is that I also have so many Gold, PGM, Zinc, Copper, and prospect Generator companies pulling at my interest, that its hard to narrow things down to the companies that make it into one’s portfolios.

            All the best with your investments sir.

          • On October 2, 2016 at 12:17 am,
            Excelsior says:

            Lately, I’ve been throwing all my Silver money at Brixton Metals, Americas Silver Corp, Alexco, Aurcana, Impact Silver, Avino Silver & Gold, Silvercorp, and Cyprium Mining. I also have a little funny money in Silver Bear, Klondike Silver, and Maya Gold & Silver.

          • On October 2, 2016 at 12:19 am,
            Excelsior says:

            I sold out of my Dolly Varden, Silvercrest, Great Panther, and Monster (now Metallic Minerals) earlier in the year, but have considered buying all 4 of those back again as well. Decisions….decisions….

          • On October 2, 2016 at 12:24 am,
            Excelsior says:

            I also had some Hecla and Fortuna earlier in the year but sold out of the larger companies to rotate into the smaller ones. I generally like the smaller companies, for the potential for larger percentage gains, but they of course carry much more risk. I think if I want stability in the silver companies moving forward I’ll just drop some SIL or SILJ into the mix.

          • On October 2, 2016 at 12:31 am,
            Excelsior says:

            GoGold Resources has a nice Silver component, and Golden Arrow Resources also has a nice Silver component. Kootenay Silver is another company that really interests me, (and I liked their takeover of Northhair Silver), but at least I have some minimal exposure to them through the NSR that Marlin Gold holds on their developing mine.

            I also still want to see how things progress with Defiance Silver (are they going to raise money in a dilutive financing, or is Peter Hawley joining their Board of Directors is going to put something together with Americas Silver?).

            The exploration results from Orex / Canasil on their JV have also been quite impressive.

          • On October 2, 2016 at 12:34 am,
            Excelsior says:

            Skeeta had mentioned Azure Minerals also, and I’ve been following them since he brought it up as another more speculative Silver play.

            There is also Azarga Metals which is a Silver exploration play in Russia that shows promise. Right now having a little Silver Bear is all the Russian exposure I want, but still Azarga looks intriguing.

          • On October 2, 2016 at 10:32 am,
            Excelsior says:

            I may be missing something here, but I still see Cyprium Mining as one of the best kept secrets in the Silver mining space. They are going to be the newest Silver Producers and are ramping up into Silver/Zinc/Copper/Lead production at present:


            Cyprium Mining September Corporate Presentation


        • On October 1, 2016 at 10:30 pm,
          dw jones says:

          sorry, on levon that was 1.37 mil oz au

    • On October 2, 2016 at 10:08 pm,
      Excelsior says:

      How a gold miner turned a $1 million investment into $3 billion
      Published: Oct 2, 2016

      “When Rob McEwen bought the Red Lake Mine back in 1989, he was told that the half-a-century-old Ontario gold source was near the end of its life. Instead, he turned it into one of world’s top-producing mines.”


  21. On October 1, 2016 at 11:55 am,
    Rick aronson says:

    Can you point out the link to Ronald’s additional 10 minutes of interview please as I cannot find

  22. On October 1, 2016 at 12:01 pm,
    Archdeacon (!) Andrew says:

    Will this weekend show end with a bang? Hear Bix Weir at c17 mins


    • On October 1, 2016 at 2:30 pm,
      Gator says:

      Arch…first time listening to this guy..he sounds like a nut case..reminds me of Bo Polny and a few other alarmists..thanks for the link..it was an experience…regards…

      • On October 1, 2016 at 7:50 pm,
        GH says:

        Check out his one on the ‘Road to Roota’ — it’s a real hoot. Apparently Greenspan is some kind of hero working behind the scenes to restore the gold standard.

        • On October 2, 2016 at 2:00 am,
          Archdeacon (!) Andrew says:

          Gator – hi. No way could I compare Bix W to Bo Polny! If you’ve the time tune into Hump Day with Bix and ‘V’…circa 33 mins. Bix has Hillary destroyed in a few sentences. Best, A

  23. On October 1, 2016 at 1:47 pm,
    Silverdollar says:

    Chris Martenson, one of the net’s smartest people IMO. Always worth reading and listening to. Thanks for having him again.

  24. On October 1, 2016 at 2:01 pm,
    CFS says:

    Erik Townsend of MacroVoices and RealVision holds a round table discussion with McLeod, Stoeferle and Bockvar:


  25. On October 1, 2016 at 4:32 pm,
    Markedtofuture says:
  26. On October 1, 2016 at 5:41 pm,
    CFS says:
  27. On October 1, 2016 at 5:58 pm,
    GH says:
    • On October 1, 2016 at 6:00 pm,
      GH says:

      The dollar looks weak to me on all timescales.

      On the daily chart, it closed the week below all moving avgs:


      • On October 1, 2016 at 6:11 pm,
        GH says:

        and MACD and Slow STO are bearish.

        Weekly, http://stockcharts.com/h-sc/ui?s=%24USD&p=W&st=2004-07-21&en=2016-10-01&id=p22161962191&a=479870038

        closed below both 10 and 20 week moving avgs, with the 20 crossing below the 10. This after having been rejected by the 50 week moving average a couple months ago.

        • On October 1, 2016 at 6:16 pm,
          GH says:

          The monthly us dollar chart, the dollar was rejected by the declining 20 month sma a couple of months ago, and the 20 month sma has just crossed below the 10 month sma. The MACD has been on a sell signal since shortly after the dollar double topped at 100.6 in Dec 2015.

    • On October 1, 2016 at 7:49 pm,
      Excelsior says:

      GH – Good Yen & Dollar charts. Much appreciated and thanks for posting them.

    • On October 2, 2016 at 7:28 am,
      GH says:

      US dollar down is in keeping with oil going up. I guess yen will go down too–maybe to form a cup and handle? Precious metals stocks look to still have some weakness.

  28. On October 1, 2016 at 8:00 pm,
    GH says:

    USO weekly:


    I’m long GUSH. XOP looks like it’s breaking out of an inverse H&S formation.

  29. On October 2, 2016 at 2:07 pm,
    Matthew says:

    While Barrick Gold tripled in 2016, it plunged 80% versus Impact Silver…


    THAT is why I prefer the nano caps.

  30. On October 2, 2016 at 2:13 pm,
    Matthew says:

    GDXJ:GOLD has held up very well considering it has been a weekly chart sell for a month:


  31. On October 3, 2016 at 6:43 am,
    confused says:

    Another perspective on sentiment. I wouldn’t be surprised if we briefly pierce the $1290 level to clear the decks completely for the next turn up. Having said that:

  32. On October 3, 2016 at 8:10 am,
    Matthew says:

    Chibougamau – Globex

    Chibougamau Independent Mines Options Mont Sorcier
    Vanadium, Iron, Titanium Deposit to Vendome Resources Corp.