Housekeeping news on a couple companies and the US dollar
For our market wrap today I touch on some comments on CanAlaska Uranium and Theralase. I also discuss the US dollar chart and how it continues to look strong. The kicker to a much higher USD level (say around 110) is the Fed and its ability to talk the dollar down – at least keep it restrained.
Click download link to listen on this device: Download Show
When did Comey decide that Hillary was not guilty?
Answer…..
Right after he finished reading his own suicide note that was handed to him.
War On Cash Strikes India: PM Scraps Large Bills, Limits ATM Withdrawals To “Fight Corruption”
In a fiery address to the Indian nation, PM Narendra Modi just took a major step in the war on cash that is being waged worldwide. Talking tough on fighting corruption and the black market economy, Modi decreed that the INR500 ($7.50), and INR1000 ($15) bills will no longer be legal tender and that ATM withdrawals will be limited to INR2000 ($30) for some.
They won’t stop until they accomplish their goal, or the whole clique is overthrown. And they’ll come back like Jason (Friday the 13th) given half a chance.
Sounds like zerohedge miscontrued this case, though.
Did you ever wonder why it is too difficult for voters to get and show government issued IDs, which are free,
But every traveler is X-rayed and searched if they want to go on a plane, at a cost of Billions of Dollars added to ticket costs each year, making more expensive to travel?
What could affect the country more, Voting or travel?
Wow ! TLT sells out again !
Wasn’t it just a year or two ago that they pawned off 20 million shares way below market through Peter Schiff’s outfit ? With 5 year warrants ?
I gotta question that you can ask them…….Who’s pocket is all of this money going into ?
Quite a scam they seem to have going there.
Yep, you nailed it. I still own my shares from when KER brought them up…..my mistake as I could have gotten out above 40 cents after the sell out to Peter Schiff’s outfit. Those five year warrants were a real signal that I chose to ignore. I still may be able to get out even at 30 cents as the President is a real “pumper”.
Cory:
I think we can all understand the need for financing. It is the private placement of diluting shares which resulted in a 30% immediate decline in market price of outstanding shares that is concerning. Pricing at market or above market is not unusual if the product potential has merit. It just appears to be a self defeating deal or a deal that was not in the best interests of shareholders. Let’s hope that trials are successful and that more financing schemes don’t arise any time in the foreseeable future, or are never needed again.
Justice…..
Hillary for prison 2017.
Drain the swamp…..
Equality and justice for all.
Trump is President.
The Asian markets tanked in overnight trading, and the pre-markets are down in the US; the VIX is up, Gold is up, and the adventure begins……
Donald Trump wins the White House and markets go haywire
Myles Udland,Yahoo Finance 8 hours ago
https://www.yahoo.com/finance/news/live-markets-react-to-election-day-212748067.html
Gold Prices, ETFs, Surge in Wake of Trump Victory (UGL, GLD)
By Richard Saintvilus | November 9, 2016 — 6:45 AM EST
US debt will surpass $20 trillion in under two months with Trump: MARC FABER
November 9, 2016
http://finance.yahoo.com/news/us-debt-surpass-20-trillion-111719420.html
Once again the POLLS were dead wrong. Just like Brexit. Just like earlier in the year with the Cubs Winning the World Series.
2016 really is turning out to be the “Outsider” year.
I pledge allegiance to the Flag of the United States of America, and to the Republic for which it stands, one Nation under God, indivisible, with equality of justice for all.
Oops……Trump wins big….who would have thought… 🙂
Even Nixon with all his failings realized that you must have dialogue with other countries and he started to talk to The Chinese. Trump will be able to make the world a much better place by talking to Putin. At last a hopeful beginning, Trump will prove he can be a great statesman. DT
I wish the media would somehow get back to just reporting the news instead of trying to influence it. This election went on far too long, along with term limits they should consider shortening the length of time politicking can go on prior to a major election. DT
Unfortunately, we now have to face the incredible economic mess that the Obama administration has perpetuated and created.
we will have years of economic problems, regardless of what Trump may think he can do.
Of course, we need a reduction of the drag on the economy caused by Government.
However, the debt is enormous, and will not be reduced by massive infrastructure spending. Ultimately, this has to caused a relative drop in the purchasing power of the dollar…..i.e. price inflation.
Avino Reports Q3 2016 Financial Results
November 08, 2016
THIRD QUARTER 2016 HIGHLIGHTS
– Generated revenues of $13.2 million from the sale concentrates, a 163% increase from the third quarter of 2015
– Mine operating income of $6 million, a 172% increase compared to the third quarter of 2015
– Total equity of over $68 million, a 32% increase compared to the third quarter of 2015
– Net income after taxes of $1.2 million
– Produced 649,831 silver equivalent ounces¹, including 410,908 ounces of silver, 1,813 ounces of gold and 1,045,091 pounds of copper
– Consolidated all-in sustaining cost (“AISC”) was $13.83 (US$10.60) per payable silver equivalent ounce, a 15% increase compared to $11.99 or (US$9.16) per ounce in the third quarter of 2015
– Average realized selling prices for silver and gold were US$19.49 and US$1,328 per ounce respectively
– Cash and cash equivalents of $15 million were on hand at the end of the quarter
“We are pleased with the Company’s Q3 results, especially the improvements in revenues, operating income and net income. We continue to fine tune operations at both the San Gonzalo and Avino Mines, which we expect will result in production and recovery improvements in upcoming quarters. I’m most grateful for our team’s ongoing efforts towards more efficient operations, and I thank them for their support and dedication. Other key achievements for the quarter, included the start of construction for a new tailings storage facility in Mexico, new resource estimates for both the Avino and Bralorne properties, as well as commencing a new exploration drilling project at the Avino mine; this program aligns directly with our brownfield exploration initiatives and objectives.”
– David Wolfin, President, CEO & Director, Avino Silver & Gold Mines Ltd
Newmarket drills 3.75 m of 550 g/t Au at Fosterville
2016-11-08 06:38 ET – News Release
Mr. Douglas Forster reports
NEWMARKET GOLD ANNOUNCES FURTHER HIGH-GRADE DRILL RESULTS AND RECORD MONTHLY PRODUCTION AT THE FOSTERVILLE GOLD MINE
Newmarket Gold Inc. has released further positive drill results and record monthly production at the Fosterville gold mine, state of Victoria, Australia. Underground resource definition drilling has continued to target downplunge extensions to the Lower Phoenix and Harrier South gold systems to assess the potential of mineral reserve expansion. Recent drill results from nine underground holes totalling 3,637 metres have demonstrated the continuity of exceptional high-grade visible gold mineralization on both the newly discovered west-dipping Lower Phoenix footwall and Eagle structures in the Lower Phoenix gold system.
GDX blasted precisely to fork resistance on the 60 minute chart today:
http://stockcharts.com/h-sc/ui?s=GDX&p=60&yr=0&mn=2&dy=0&id=p83583010719&a=482143044
Osisko Mining drills 35.4 m of 17 g/t Au at Windfall
2016-11-08 08:12 ET – News Release
Mr. John Burzynski reports
OSISKO INTERSECTS 6.1 G/T AU OVER 35.4 METRES AT WINDFALL
Osisko Mining Inc. has released new results from the continuing 150,000-metre drill program at its 100-per-cent-owned Windfall Lake gold project located in the Urban township, Quebec. The current drill program combines definition drilling above the Red Dog intrusion, expansion drilling below Red Dog (Underdog) and a newly initiated expansion program downplunge of the deposit above Red Dog, over 800 metres of strike length to the northeast. Regional exploration drilling to the west of the deposit and on the overall Urban-Barry property is currently continuing with three active drill rigs. Five drills are currently on the deposit, with an additional four drills planned to the program in the coming weeks. A total of five new holes are reported in this release.
Significant new results include: 6.1 grams per tonne gold over 35.4 metres (17.0 g/t Au over 35.4 metres uncut), including 12.2 g/t Au over 15.2 metres (37.6 g/t Au over 15.2 metres uncut), and 24.4 g/t Au over 4.2 metres in DDH OSK-W-16-735; 17.2 g/t Au over 2.4 metres in DDH OSK-W-16-728; and 15.7 g/t Au over two metres in DDH OSK-W-16-311-W1. The new results demonstrate the potential for significant near-surface mineralization, and the continuity and high potential for significant extensions of the gold mineralization below Red Dog. Details of the new results are outlined in the table.
Off Topic:
On a day when the politics of America change, so does the origins of mankind.
http://www.thedailybell.com/news-analysis/humans-came-out-of-australia-not-africa/
Interesting article. The dispersion of humanity is more complex and much older than many realize and this is just another piece of the puzzle.
gold seller in London running out of gold bars & coins: https://www.bloomberg.com/news/articles/2016-11-09/gold-seller-running-out-of-bars-coins-in-london-after-trump-win?
http://www.zerohedge.com/news/2016-11-08/criminal-clinton-mafia-allowed-ticket-exposes-shadow-masters-one-dollar-one-vote