Weekend Show – Sat 22 Oct, 2016

Weekend Show Hour 1- Investing and Economics

Hour 1

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We are switching up the format a little this week to preview a new show coming out of KER. In the first hour we will stick to investing and financial matters while the second hour is dedicated to KER Politics, our new political show. We have separated the posting into the two different hours to help keep the comment focused.

  • Segment 1: Axel Merk, President of Merk Investments outlines why he thinks the new money market rules could take down the USD from reserve status.
  • Segment 2: Managing Director RBC Wealth Management George Gero update us on the current open interest in gold.
  • Segment 3: A new guest David Scranton discusses his new book Return on Principle: 7 Core Values to Help Protect Your Money in Good Times and Bad.
  • Segment 4: Byron King – His outlook on gold to the end of the year and gold stocks he likes.

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show


Featuring:
Axel MerkGeorge GeroByron KingCory Fleck

Comments:
  1. On October 22, 2016 at 2:09 am,
    Skeeta says:

    Thanks for the show as always fella’s,
    Much appreciated.
    Cheers.

    • On October 22, 2016 at 5:18 am,
      Excelsior says:

      Skeeta is back on his game.

      A new weekend show. Life is good. Thanks Big Al & Cory.

      • On October 22, 2016 at 5:29 am,
        Excelsior says:

        Gold Green Lights Upleg
        Adam Hamilton – Oct 21, 2016

        http://www.321gold.com/editorials/hamilton/hamilton102116.html

        • On October 22, 2016 at 10:45 am,
          Matthew says:

          Hamilton is always worthwhile. Here’s a notable excerpt from that article:

          “Cascading gold-futures selling quickly blasted gold down 3.3% on Tuesday October 4th, hammering it to a deep new pullback low of $1270. It’s critical to understand exactly what happened that day, so I wrote an entire essay on gold futures’ stops being run that week. But unfortunately despite that extreme down day that looked and felt like a climaxing capitulation, specs’ gold-futures longs remained far too high after it.

          They were still way up at 379.1k contracts, which was still the 20th highest witnessed out of the 928 CoT weeks since early 1999. While specs had liquidated an enormous 33.0k gold-futures long contracts to drive that big down day, their longs still remained so high that they kept that vexing near-record futures-selling overhang largely intact. That implied the selling wasn’t over, and indeed gold was soon pushed even lower.

          The next CoT report following the 4th’s was the 11th’s that came out last Friday afternoon, the newest CoT before this essay was published. And it proved astonishing! Gold only retreated 1.3% during that latest CoT week ending the 11th, less than a third of the 4.3% plunge of the previous CoT week. Thus there was no reason to expect to see speculators’ gold-futures long liquidation continue at any serious scale.

          Yet incredibly despite gold’s relatively-mild drift lower, these traders liquidated fully another 42.0k long contracts! That was immense, actually the 8th-largest spec long dumping witnessed in those 928 CoT weeks since early 1999. The only larger single-CoT-week long liquidation in recent years was a 49.5k one in late May 2016. And that capitulatory selling frenzy by futures speculators heralded a major gold bottom.

          Last CoT week’s epic long liquidation hammered specs’ total gold-futures longs back down to 337.1k contracts. That’s right under the 340k-contract major support zone this young new gold bull has enjoyed since April. So the record and near-record gold-futures selling overhang that has kept a lid on gold since early July has essentially fully reversed! It is no longer a threat, as speculators now have firepower to buy.”

          • On October 22, 2016 at 11:11 am,
            Matthew says:

            Gold has closed above the 200 day MA for the last three sessions and now needs to take out rising resistance which is currently about 1275:

            http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=1&dy=0&id=p12995828788&a=443006542

          • On October 22, 2016 at 2:28 pm,
            Excelsior says:

            Matthew – great chart. That makes sense to me.

            Gabrielle (who used to post here on the KER) and I were just discussing that 1275 level yesterday on CEO. I just realized he had asked me a question that I’ll relay to you: “…do you know if Matthew is assuming that 1046 was the low last December ?”

            ________________________________________________________________________

            —-@Gab – “@Excelsior Let’s see if the lid stays firmly on the kettle this time .From StockCharts: “The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup’s advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout. ” https://www.tradingview.com/x/vGgGBN0t/
            1262 was approximately 1/3 of the cup’s advance
            21 Oct 2016, 12:24

            —-@Excelsior – “@Gab – Good stuff on the cup & handle pattern. What concerns me though is that the right side of the cup didn’t quite make it up to the (brim) with the left side before putting in the handle. Sometimes this is can be a bearish indicator. It is the same with head & shoulder patterns where the right shoulder is lower than the left = more bearish. Obviously there exceptions to this rule, but generally for bullish action I want to see the right side level or higher for a H&S or Cup and Handle.”
            21 Oct 2016, 12:39

            —-@Gab – “@Excelsior – If we break this handle and go above 1275, I think we’ll be fine. Many E-wavers are expecting a big A-B-C correction.They are assuming that 1046 was wave A and that we are now in the big wave B for 2017. After that the big drop for the wave C till 2020 … in the 800 area. Can i ask you what you think of this and do you know if Matthew is assuming that 1046 was the low last December ?”
            21 Oct 2016, 12:49

            —-@Excelsior – “@Gab – yes if Gold breaks above $1275 definitively on a closing basis, it will be more constructive.
            21 Oct 2016, 12:51

            https://www.ceo.ca/gold?2211e6b954d4

          • On October 22, 2016 at 2:29 pm,
            Excelsior says:

            Matthew – great chart. That makes sense to me.

            Gabrielle (who used to post here on the KER) and I were just discussing that 1275 level yesterday on CEO. I just realized he had asked me a question that I’ll relay to you: “…do you know if Matthew is assuming that 1046 was the low last December ?”

            ________________________________________________________________________

            —-@Gab – “@Excelsior Let’s see if the lid stays firmly on the kettle this time .From StockCharts: “The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup’s advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout. ” https://www.tradingview.com/x/vGgGBN0t/
            1262 was approximately 1/3 of the cup’s advance
            21 Oct 2016, 12:24

            —-@Excelsior – “@Gab – Good stuff on the cup & handle pattern. What concerns me though is that the right side of the cup didn’t quite make it up to the (brim) with the left side before putting in the handle. Sometimes this is can be a bearish indicator. It is the same with head & shoulder patterns where the right shoulder is lower than the left = more bearish. Obviously there exceptions to this rule, but generally for bullish action I want to see the right side level or higher for a H&S or Cup and Handle.”
            21 Oct 2016, 12:39

            —-@Gab – “@Excelsior – If we break this handle and go above 1275, I think we’ll be fine. Many E-wavers are expecting a big A-B-C correction.They are assuming that 1046 was wave A and that we are now in the big wave B for 2017. After that the big drop for the wave C till 2020 … in the 800 area. Can i ask you what you think of this and do you know if Matthew is assuming that 1046 was the low last December ?”
            21 Oct 2016, 12:49

            —-@Excelsior – “@Gab – yes if Gold breaks above $1275 definitively on a closing basis, it will be more constructive.
            21 Oct 2016, 12:51

          • On October 22, 2016 at 2:43 pm,
            Excelsior says:

            Here’s a link to that discussion about Gold needing to take out 1275 on a closing basis.

            https://www.ceo.ca/gold?2211e6b954d4

          • On October 22, 2016 at 6:13 pm,
            Matthew says:

            Ex, you can tell Gabriel that I do think the December low was the low for the bear market.

          • On October 22, 2016 at 6:47 pm,
            Matthew says:

            The 38.2% retracement Fib arc has held for the last three weeks:

            http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=4&mn=7&dy=0&id=p31699994265&a=369192745

          • On October 22, 2016 at 6:52 pm,
            Matthew says:

            I doubt very much that many people are looking at the support provided by the following Schiff fork:

            http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=5&mn=5&dy=0&id=p65349959611&a=480942204

          • On October 22, 2016 at 7:15 pm,
            Excelsior says:

            Matthew – I figured you were in agreement with December being “the low” for Gold, based on your prior comments, but it never hurts to double check 🙂

            I like the fib arch support, but in particular, like that Schiff Fork support that you can see on the weekly holding up for Gold. I’ll be watching that level keenly, and even if other chartists just used a basic trend-line at that level, there then it would be revealing. However, being the bottom leg of the fork lends even more credence to it, as you can see how this year’s rally was capped by the middle prong.

            Good stuff!

          • On October 22, 2016 at 8:58 pm,
            Matthew says:

            Ex, click on it again, I added the basic trend line that you mentioned and that support is over $20 lower than the fork support where gold reversed.

          • On October 22, 2016 at 9:07 pm,
            Matthew says:

            The following modified Schiff fork doesn’t seem to “fit” as well but if it’s the dominant one, then a move to $1200ish is probable.

            http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=6&mn=5&dy=0&id=p21554842634&a=480942586

          • On October 22, 2016 at 9:16 pm,
            Matthew says:

            The bulls better take back resistance just above 1275 next week:

            http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=3&mn=9&dy=22&id=p18513822717&a=451259276

          • On October 22, 2016 at 11:56 pm,
            Excelsior says:

            Thanks for the chart updates Matthew. Yes, I’d like to see the bulls definitively take back $1275 on a closing basis, or more downside will be on the menu.

      • On October 22, 2016 at 5:31 am,
        Excelsior says:

        Precious Metals: Right Shoulder Action Now – Super Force Precious Metals VIDEO Analysis
        Morris Hubbartt – Oct 21, 2016

        (Click on the BLUE links for the VIDEO segments with Technical Analysis from Morris)

        http://www.321gold.com/editorials/sfs/hubbartt102116.html

      • On October 22, 2016 at 5:34 am,
        Excelsior says:

        Precious Metals Video Update: A Low in Gold & Gold Stocks…?
        Jordan Roy-Byrne – 10/18/2016 – posted on Palisade Radio 10/21/2016

        http://palisaderadio.com/precious-metals-video-update-a-low-in-gold-gold-stocks-10182016/

        • On October 22, 2016 at 2:17 pm,
          Excelsior says:

          Will a Rising US Dollar Crush Gold’s Fledgling Bull?

          10/22/2016 | Jordan Roy-Byrne CMT, MFTA

          https://thedailygold.com/will-rising-us-dollar-crush-golds-fledgling-bull/

          • On October 23, 2016 at 8:46 am,
            Excelsior says:

            From Jordan’s article above:

            “Gold and gold stocks have stabilized after forming a short-term low and even held up well while the US$ index pushed to an 8-month high. Conventional wisdom would tell us with the US$ index nearing a major breakout, Gold and gold stocks would be vulnerable to further losses. However, many astute analysts and traders believe that Gold and the US$ index can rise together and we note that the trend in the US$ index while important, is not the primary driver of Gold. Ultimately, as long as Gold’s fundamental driver, declining or negative real rates remain in place, then the fledgling bull market will remain on track.”

            “Another thing to keep an eye on is Gold’s performance against foreign currencies… Other than in Yen terms, Gold is in an uptrend against every major currency and remains above rising 400-day moving averages.”

            “Ultimately, the single most important driver of Gold is negative or declining real interest rates and with inflation poised to rise, real rates are likely to decline further in 2017. If the US$ index is rising then that certainly puts some cap on Gold’s performance in US$ terms. However, the presence of negative real rates combined with continued outperformance in foreign currency terms would sustain the bull market. Moreover, precious metals already experienced a vicious multi-year bear market. You don’t get that kind of buying opportunity twice but the recent correction in the sector has created a lower risk buying opportunity. “

      • On October 22, 2016 at 5:40 am,
        Excelsior says:

        Gold Puts Together Small Gain in Face of Strong Dollar
        Gary Wagner – October 21, 2016 – Weekend Review – Technical Analysis VIDEO
        Gold, US Dollar, Oil, and the Markets

        http://thegoldforecast.com/video/gold-puts-together-small-gain-face-strong-dollar

      • On October 22, 2016 at 9:06 am,
        Archdeacon (!) Andrew says:

        I’m a bad loser but you’re right Ex…Skeeta’s the undisputed champ!

        • On October 23, 2016 at 8:48 am,
          Excelsior says:

          Skeeta is da man…. He has the land down under advantage on timing his entrance onto the weekend show, (which is in the middle of the night for most of us).

          • On October 24, 2016 at 3:30 am,
            Skeeta says:

            Nah,
            If Big Al doesn’t call me personally before uploading the Weekend show then Cory will text me just before it goes up..

            …..or maybe I just hit refresh on the odd occasion whilst drinking many a beer beer & cooking a bbq outside whilst most of you are sleeping?

            Lol….cheers !

      • On October 22, 2016 at 12:56 pm,
        Al Korelin says:

        As usual, THANK YOU, Skeeta!

      • On October 22, 2016 at 7:40 pm,
        Excelsior says:

        VIDEO Interview – Marin Katusa with Lukas Lundin

        https://youtu.be/QQD68he6YMI

        • On October 22, 2016 at 7:41 pm,
          Excelsior says:

          Published on Oct 20, 2016

          In this interview, Lukas Lundin speaks with Marin Katusa, founder of Katusa Research, on his rules to success and explains his mantra of ‘no guts no glory’. Lukas goes on to talk about 3 commodities he is most bullish about, why green energy is the future and the magnificent 1,000+ carat diamond that was uncovered by Lucara Diamond. He also explains which commodity could have a black swan event in the next 5 years.

          • On October 23, 2016 at 7:41 am,
            wolfster says:

            Well don’t I feel good after listening to that.Got my gold and zinc stocks covered and got my hidden gem in copper that will be a producer when the black swan event hits…..and my Vikings are 5-0.what a Sunday!!!

          • On October 23, 2016 at 8:13 am,
            Excelsior says:

            Ha! – Wolfster you must have your game face on. Well done sir!!

    • On October 22, 2016 at 5:45 am,
      Excelsior says:

      Cory – the 3rd segment on the “complete hour” audio is actually a prior John Kaiser interview; but David Scranton’s interview is correct in the individual segment 3 broken out underneath. It’s cool that we actually got 5 segments this way 🙂

    • On October 22, 2016 at 12:55 pm,
      Al Korelin says:

      I have to say, “great job Cory”!

      • On October 22, 2016 at 12:59 pm,
        Al Korelin says:

        This comment is placed in a spot which makes it look a bit sarcastic an it is definitely not meant to be that way. Actually Cory is doing a great job!

        • On October 22, 2016 at 1:57 pm,
          Excelsior says:

          Yes, Cory is doing exceedingly well. Interviewing Jedi. He had a few good teachers.

  2. On October 22, 2016 at 2:28 am,
    Tad says:

    Ha ha
    Nice one Skeeta.

    Looking forward to the weekend show today 🙂
    Thanks for your dedication.

  3. On October 22, 2016 at 11:30 am,
    Matthew says:

    GDXJ is up about 10% since this:

    On October 17, 2016 at 9:54 am,
    Matthew says:
    Even if this correction has another leg down coming, it looks like GDXJ is about to move up 10%+ first
    ————————————-

    …and has gained as much as 14%+ since the 10/06 low.

  4. On October 22, 2016 at 11:42 am,
    Ebolan says:

    RE Segment 3

    So what can you invest in that gives a fix income or dividend payment of 4%-6% with less volatility of than the stock market

    • On October 22, 2016 at 12:40 pm,
      Tad says:

      Yeah… that’s what I wanna know too.

  5. On October 22, 2016 at 11:49 am,
    Matthew says:

    The yen remains on weekly chart sell signals but it doesn’t look too bad here:

    http://stockcharts.com/h-sc/ui?s=%24XJY&p=W&yr=3&mn=7&dy=0&id=p41109194991&a=453633914

  6. On October 22, 2016 at 11:57 am,
    Matthew says:

    The 30-year U.S. T-Bond supports the possibility that gold has bottomed:

    http://stockcharts.com/h-sc/ui?s=%24USB&p=D&yr=1&mn=0&dy=13&id=p04120379955&a=483075717

  7. On October 22, 2016 at 12:02 pm,
    Matthew says:

    When (if) activated and confirmed, this large USB:GOLD H&S top will be extremely good for gold:

    http://stockcharts.com/h-sc/ui?s=%24USB%3A%24GOLD&p=W&yr=5&mn=11&dy=13&id=p47889682276&a=464882778

  8. On October 22, 2016 at 1:59 pm,
    Excelsior says:

    With #Uranium dropping $20, I find it hard to believe that we are not near the bottom in this multi-year rout from 2011 to the end of 2016.

    http://ca.investing.com/commodities/uranium-contracts?page=chart&symbol=UXV16&domain=futurespros&display_ice=1&enabled_ice_exchanges=&sym=UXV16&width=550&tblwidth=550&studies=Volume%3B&cancelstudy=&a=M

    That is lower than spot price has been in more than a decade. So if Uranium stays at $20 or dives below it for a sustained time….. Then what?

    Well, if it stays down like this it will absolutely start destroying mining supply, as mines close or get mothballed on care and maintenance. One could argue that this has already been happening for years, but maybe even the Russian tailings and large supply glut from Kazakhstan may cease to be profitable.

    After that, it is hard to image what else could happen other than some of the remaining hard rock projects from Cameco, Areva, RioTinto, Paladin, Energy Resources of Australia and Energy Fuels getting shelved.

    If that doesn’t work then the ISR (Insitu) assets of Cameco, Energy Fuels, Ur-Energy, and Peninsula Energy will shut down.

    In that kind of macro environment the new projects from Uranium Resources, UEC, Bannerman, and Toro Energy will not come online. At that point then forget about all the explorers (that everyone is so animated about) as the optionality will be in the toilet.

    Is this really the end of #Nuclear Energy? That seems hard to fathom to me, and thus, the cure for low prices will be low prices.

    We are definitely experiencing an interesting inflection point in the Uranium Mining business. Either spot prices get negotiated back up higher, or Nat Gas and Solar will be powering the world.

    * What could be more contrarian than buying these uranium miners over the next 6-12 months?

    • On October 22, 2016 at 2:05 pm,
      Excelsior says:

      or 6-12 weeks for that matter…..

  9. On October 22, 2016 at 2:38 pm,
    Excelsior says:

    For any investors interested in Prospect Generator companies or Royalty Companies in the metals space, I just posted a revised complete list on ceo. If anybody has any more to add to this list then please post them below.

    https://www.ceo.ca/prospectgenerator

  10. On October 22, 2016 at 7:01 pm,
    Matthew says:

    The Dow Jones Transportation Average Index does not look good here; and that is good news for gold:

    http://stockcharts.com/h-sc/ui?s=%24TRAN&p=W&yr=6&mn=6&dy=0&id=p91975625408&a=409753938

  11. On October 22, 2016 at 7:11 pm,
    Matthew says:
  12. On October 22, 2016 at 8:07 pm,
    Matthew says:
  13. On October 22, 2016 at 9:51 pm,
    Matthew says:

    Bullish:

    -The juniors have gone up about 5.5 times as much as gold since the sector turned up about two weeks ago.

    -The nano cap juniors have held up better than the larger companies.

    -The SCTR indicator is back to 95 for GDXJ.

    http://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=0&mn=9&dy=0&id=p52821139178

  14. On October 22, 2016 at 11:02 pm,
    Matthew says:
  15. On October 22, 2016 at 11:40 pm,
    Matthew says:

    The dollar hasn’t been this overbought since it peaked more than 18 months ago (notice the gap once UUP broke out of that Schiff fork):

    http://stockcharts.com/h-sc/ui?s=UUP&p=D&yr=2&mn=0&dy=13&id=p44054800200&a=481500765

    • On October 23, 2016 at 11:12 pm,
      Excelsior says:

      Here’s what the Shanghai Accord means for the dollar
      James Rickards, The Daily Reckoning – Business Insider Sat, Oct 22

      “The Shanghai Accord in its simplest form is a weaker dollar, a weaker dollar for imported inflation, a weaker dollar to stimulate U.S. exports (as noted previously here). It was a way for China to cheapen their currency without breaking the peg to the dollar.

      You would cheapen the dollar, and then China would keep the peg, and the Chinese yuan would cheapen along with it. That framework came out at the end of February, and it was a very good guide for policy from February through June or July.

      The problem is, and this is really important to understand, all of these processes are dynamic, and a lot of them are in conflict. In other words, the central banks want things that conflict with each other….”

      http://www.businessinsider.com/what-the-shanghai-accord-means-for-the-us-dollar-2016-10

  16. On October 23, 2016 at 12:13 am,
    Matthew says:

    Here’s an interesting daily gold chart that I hadn’t looked at in a long time:

    http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=3&dy=14&id=p32202565019&a=411098748

    It pays not to delete them too hastily.

    • On October 23, 2016 at 12:17 am,
      Excelsior says:

      Nice Forking Chart!

  17. On October 23, 2016 at 12:41 am,
    Pete says:

    Great charts,videos,and comments

  18. On October 23, 2016 at 12:47 am,
    Matthew says:

    Here’s a modified Schiff fork applied to a non-log gold chart:

    http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=5&mn=9&dy=0&id=p39928063542&a=421375911

  19. On October 23, 2016 at 12:51 am,
    Matthew says:

    Bill Fleckenstein completely gets it. Pay attention deflationists…

    http://kingworldnews.com/bill-fleckenstein-10-23-16/

  20. On October 23, 2016 at 7:23 am,
    wolfster says:
  21. On October 23, 2016 at 8:03 am,
    CFS says:
  22. On October 23, 2016 at 8:37 am,
    Excelsior says:

    *This editorial brings up a good point about how many earnings releases will come out this week for the miners (particularly on Wed & Thur). The Q3 earnings should be pretty good as prices peaked in the summer, but as mentioned below, the companies may reduce their end-of-year guidance due to the slide in metals prices the last few months. It will be interesting to see how the markets digest these quarterly press releases.

    ______________________________________________________________________

    For Gold Miners A Huge Week Ahead
    Oct. 23, 2016 – Markos Kaminis (11,703 followers)

    http://seekingalpha.com/article/4014046-gold-miners-huge-week-ahead?auth_param=1ddjq1:1c0orpg:1b810d4bced718456246af50f1bc17d8&dr=1

    • On October 23, 2016 at 11:52 am,
      Excelsior says:

      Another good point to consider, that was mentioned in that editorial is that these larger household names in the mining space make up a large part of the ETFs like GDX and GDXJ and SIL. If the Q3 reports to the market are fairly solid for the mid-tiers and majors, it will boost the ETFs and could bring a little risk appetite into the Jr miners in the same motion.

      • On October 23, 2016 at 12:04 pm,
        Big Al says:

        I would definitely agree with you, Excelsior.

        Unless my intuition, which has not failed me in the past, is incorrect I would bet that we have a great junior resource market very soon.

        • On October 23, 2016 at 3:43 pm,
          Excelsior says:

          Well overall, 2016 has been a fantastic year in the miners, but there is no doubt we’ve been in a correction since August. My thoughts were just that Gold and Silver were at their highest in July/Aug and pulled back some in September, but the 3rd quarter should have been more profitable for the miners. It may be a shot in the arm for some of the miners with lower costs when they report later this week and into next week.

          • On October 23, 2016 at 10:09 pm,
            Excelsior says:

            4 Possible Catalysts For The Gold Sector into Year End
            Friday October 21, 2016

            November 4th: The Non-farm Payrolls Report (NFP) for October will be released on this date at 8:30am EST. The gold sector usually sells off into this report and becomes very volatile after the release as computer algorithm trades are set beforehand based on the expected number of jobs created. This is a highly anticipated report as the results will be heavily factored into the Fed’s decision process of whether or not to raise interest rates in December. The market is factoring in a 70% chance of a quarter point raise on December 14th as of this post.

            November 8th: The US election could very well be a major catalyst as during the last Presidential Debate, Donald Trump made accusations of the election possibly being rigged against him. He has also stated if defeated, he will not commit to accepting the outcome, stating “I will tell you at the time”. This is a very dangerous statement and could easily trigger violence after the outcome. Also, if victorious, the decision could very well cause a “Brexit” type response in the gold sector as Trump is the anti-establishment candidate.

            December 2nd: The release of the final NFP report before the highly anticipated last Federal Reserve Open Market Committee (FOMC) meeting of the year will be released at 8:30am EST. This could possibly be the deciding factor on whether or not Fed chairwoman Janet Yellen decides to raise rates this year.

            December 14th: On this date the market will finally find out the answer to the question of, “will she, or won’t she”. If the Fed decides to raise rates at the conclusion of the December 13-14 FOMC meeting, the gold sector could initially sell off as it did last December. However, I believe this would be a buying opportunity as rising rates have historically been bullish for gold as we saw back in the late 1970’s when former Fed chair Paul Volcker raised rates to over 20%. During this time gold had the largest bull market in history as it soared from $105 in September, 1976 to $850 in January, 1980. Also, in December of last year after 7 years of zero rates, the Fed finally decided to raise rates a quarter point. What did the miners do a month after the raise? As previously stated in this article, they only went up 179% in less than six months!

            http://www.kitco.com/commentaries/2016-10-21/Possible-Gold-Sector-Catalysts-into-Year-End.html

          • On October 23, 2016 at 10:13 pm,
            Excelsior says:

            Gold Miners Forecast 2017 Taki T. 8 Hours Ago

            http://investinghaven.com/screening/gold-miners-forecast-2017/

          • On October 23, 2016 at 10:14 pm,
            Excelsior says:

            Mobius Says Gold Will Gain in 2017 as Fed Goes Slow on Hikes
            Swansy Afonso – October 23, 2016

            http://www.bloomberg.com/news/articles/2016-10-24/mobius-says-gold-to-gain-in-2017-as-fed-goes-slow-on-rate-hikes?

          • On October 23, 2016 at 10:26 pm,
            Matthew says:
          • On October 23, 2016 at 11:19 pm,
            Excelsior says:

            that is some weird, wild stuff……

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

          • On October 23, 2016 at 11:20 pm,
            Matthew says:
  23. On October 23, 2016 at 11:39 am,
    Pete says:
    • On October 23, 2016 at 11:55 am,
      Excelsior says:

      Thanks Pete. Mongolia eh? I’ve watched some miners (like Khan Resources) get into snags with past government agencies in their jurisdiction. The prevailing powers that be had a tendency to want to nationalize good assets and keep them “in house”. What’s your take on the current lay of the land in Mongolia these days?

    • On October 23, 2016 at 12:05 pm,
      Big Al says:

      Thanks for the video, Pete.

      • On October 23, 2016 at 12:09 pm,
        Pete says:

        Thanks,Al

  24. On October 23, 2016 at 12:07 pm,
    Pete says:

    I think that Investors are wary for good reason, but investment environment in Mongolia is changing(like Ecuador?)
    Oyu Tolgoi is massive,i just have to own some 🙂

    • On October 23, 2016 at 3:44 pm,
      Excelsior says:

      I’ll check it out as I’m more comfortable with some jurisdictional risk if the deposit and economics balance it out.

    • On October 23, 2016 at 3:46 pm,
      Excelsior says:

      Pete – thanks that was a good follow up report on Mongolia, but it was from 2013 and the charts they used for jurisdiction rankings were from 2010-2011. I’m going to have to look for a 2016-2017 update 😉

      • On October 23, 2016 at 9:36 pm,
        CFS says:

        I believe, because of the author, the report was not accurate.

        I tend not to believe anything that is put out by Prophecy Coal, or the old management of Wellgreen. Just my personal opinion, having listened to garbage statements and promises over the years.

      • On October 23, 2016 at 10:00 pm,
        Pete says:

        Yes,sorry for the old information

        • On October 23, 2016 at 10:07 pm,
          Excelsior says:

          All the information is appreciated, but the newer updates are just more relevant, because things are so fluid and ever-changing. Look at Peru and Argentina for example…. They’re good, then they’re bad, then they’re good again.

          Cheers amigo!

  25. On October 23, 2016 at 7:36 pm,
    James the lesser says:

    Gold starting the week down.cthis

  26. On October 23, 2016 at 10:15 pm,
    Excelsior says:

    Gold trades in narrow range in Asia with India domestic demand eyed
    Commodities4 hours ago (Oct 23, 2016)

    http://www.investing.com/news/commodities-news/gold-trades-in-narrow-range-in-asia-with-india-domestic-demand-eyed-434163?

  27. On October 23, 2016 at 10:26 pm,
    Excelsior says:

    $ASM Avino Silver & Gold Mines Announces New Resource Estimate for Bralorne Property
    VANCOUVER, Oct. 21, 2016

    Comparison to 2012 Resource Estimate

    “The difference between the 2012 and the 2016 estimates are: a 53% increase in tons and 7% increase in grade for measured; 62% increase in tons and 27% in grade for indicated; and 34% increase in tons with a decrease of 17% in grade for the inferred. ”

    https://www.juniorminingnetwork.com/junior-miner-news/press-releases/953-tsx-venture/asm/25842-avino-silver-gold-mines-announces-new-resource-estimate-for-bralorne-property.html

  28. On October 24, 2016 at 7:18 am,
    James the lesser says:

    GOLD given a BIG FAT MIDDLE FINGER THIS MORNING

    They basically sent a message LOUD AND CLEAR…

    FU GOLD WE ARE TAKING YOU DOWN !

  29. On October 24, 2016 at 8:41 am,
    Pete says:

    “The big decline in the precious metals appears to already be underway”

    http://www.321gold.com/editorials/radomski/radomski102416.html

  30. On October 24, 2016 at 9:11 am,
    Matthew says:

    This 60 minute chart fork provided the perfect place to bet against the miners (which I did not do):

    http://stockcharts.com/h-sc/ui?s=GDX&p=60&yr=0&mn=1&dy=22&id=p67706259043&a=482143044

  31. On October 24, 2016 at 9:35 am,
    Pete says:

    Thanks,Matthew


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