Weekend Show – Sat 26 Nov, 2016

Hour 1 – Coverage on Gold, Uranium and Theralase

Click download link to listen on this device: Download Show

In the first hour of this week’s show we focus on gold, uranium and get a comment on Theralase. It was a significant week for gold when it broke below $1,200 on Wednesday right before Thanksgiving. As for Uranium the sector is continuing to be under pressure and this is leading to mine shutdowns.

  • Segment 1: George Gero, Managing Director RBC Wealth Management, outlines the huge open interest change for gold this week.
  • Segment 2: An insider in the Uranium sector Craig Parry shares his insights on the supply side fundaments for Uranium.
  • Segment 3 & 4: Dr. Michael Jewett, Chairman of the Photodynamic Therapy Medical and Scientific Advisory Board of Theralase shares why he joined the Theralase team and how he is helping the Company move forward.

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

George GeroAl KorelinCory Fleck
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  1. On November 26, 2016 at 2:58 am,
    jhpace1 says:

    Not uploaded until 0557 EST!

    • On November 26, 2016 at 9:14 am,
      al korelin says:

      Not sure just why. Perhaps Cory had some issues he was dealing with. please give him some slack.

      • On November 27, 2016 at 8:36 pm,
        jhpace1 says:

        Not finger-pointing, Big Al. But I like to wake up at 5am EST and click on KER first thing on Saturday mornings.

        Strange crossed-mp3 postings this Saturday, however.

    • On November 26, 2016 at 2:06 pm,
      Excelsior says:

      jhpace1 setting the pace in pole position.

      Personally, I’m just glad the KER weekend show gets posted at all. Always something to look forward to on a Saturday morning. Good work guys!

  2. On November 26, 2016 at 4:24 am,
    clare says:

    these are repeat shows, not the same as what is posted.

    • On November 26, 2016 at 2:07 pm,
      Excelsior says:

      Just in case you missed it the first time 🙂

      If you go to the individual Segments they are correct. Cheers!

  3. On November 26, 2016 at 5:18 am,
    FranSix says:

    TNX/PRII Monthly

    We’re nearing the end of the month, so checking up on the TNX/PRII would be appropriate. Since we had such a downdraft in this indicator, you might expect a serious rebound. Oil prices have, for the most part stabilized, so the next step would be a decline in long term rates vs. a stabilized oil price that would greatly assist in advancing gold prices.

    The momentum in the ADX is subdued, while the KST is showing a strong reversal in trend that hasn’t changed, while the ROC holds out no hope of a return to a bull market in interest rates vs. inflation for the foreseeable future.

    Mostly what we’ve been seeing is a steepening of the yield curve, and an oil price decline, which has contributed to lower than expected inflation. The depressing outcome has been that the very protracted skew from June 2013 – December 2015 in gold prices feels like we’ve fallen back into the rut.

    The very long term average, say a 200-month is sloping downwards, but above the indicator.


  4. On November 26, 2016 at 7:18 am,
    Markedtofuture says:

    The Latest from Vancouver and San Fran Mining Conferences. John Kaiser – November 25, 2016

    The Latest from Vancouver and San Fran Mining Conferences. John Kaiser – November 25, 2016 -Tune in 5:30 mark for Northern Shield Resources Inc.


    • On November 26, 2016 at 9:16 am,
      al korelin says:

      Thanks Markedtofuture.

      John is truly one of the good guys.

  5. On November 26, 2016 at 8:20 am,
    mike says:

    Theralase can be pretty explosive when the ball is in their court and they don’t have any HC delays fouling the ball. On the cusp of admitting patients for phase 1b in humans at Princess Margrett.
    Gears have almost been changed almost time to let out the clutch.

    • On November 26, 2016 at 2:16 pm,
      al korelin says:

      I have to agree, Mike.

  6. On November 26, 2016 at 8:52 am,
    Bonzo Barzini says:

    Let’s all give thanks that Fidel is dead, may he burn in Hell!

    • On November 26, 2016 at 9:17 am,
      al korelin says:

      If nothing else, at least God will take some serious action against him!

    • On November 26, 2016 at 11:54 am,
      Excelsior says:

      Donald Trump Could Reverse Obama’s Cuba Policy ‘Fairly Quickly’
      By SERENA MARSHALL Nov 26, 2016


    • On November 26, 2016 at 6:03 pm,
      CFS says:

      They do say smoking Cuban cigars will kill you sooner or later.

      • On November 27, 2016 at 11:07 am,
        Excelsior says:

        I have a wealthy friend that has routinely smuggled medical supplies and necessities into Cuba, for years, to help the citizens there. He has been nailed a few times bringing back home a few Cuban cigars as mementos. It’s funny he was marked in the Miami airport for some time to monitor what he brought back into the country, but nobody realized all the good he was doing for the people he was helping in Cuba.

        Most of them made $1 a day, and he relayed stories of guys who were managers of operations at businesses that would moonlight as cab drivers to make $2 or even $3 illegally at night to better their lots in life.

        When my friend got there, everyone kept staring at his feet, and he didn’t know if it was an “eye contact” custom, or if they were shy or offended or what. His friend said, no, most people don’t get to see Nike and Adidas shoes in person….

        When some of his friends asked him what he ate in America, he said he mostly ordered out for Chinese or a Pizza for delivery. They didn’t understand him. He restated he just ordered out for food most of the time. Everyone fell off their chairs laughing….. One guy proclaimed in the laughter, “In America, they’re so rich that people will make food and bring it to your door like a king. Ha! Ha! good one…..”

        They had never heard of home delivery of food and are so poor and the concept was so foreign they didn’t believe him. He brought take out menus the next time he visited them and had screen shots on his phone of the delivery guy bringing food to his door. The skeptics all stopped laughing moving forward, and suddenly realized how much they didn’t know and how different their lives were. He said it fell dead silent as everyone soaked in the moment, and he felt very uncomfortable afterwards.

        He was successful in getting a few of them into country, and once they saw the opportunity available in the US to prosper, they have become very successful real estate investors, house-flippers, and landlords. The last picture he showed me of one family showed the guys family out in Vegas now, and even the kids were wearing USA hats and I love America shirts in front of their new home. He (the dad) had a delivered pizza in hand and a large grin across his face. Living the dream….. 🙂

        • On November 27, 2016 at 11:15 am,
          Excelsior says:

          BTW – they became official citizens legally and went through the very expensive several year convoluted process.

          • On November 27, 2016 at 11:24 am,
            Excelsior says:

            There is a Cuban family that works at a farm near us that were all here illegally and they work with my girl. They told us they’ve been pooling their money (7-8 people to a household, and they typically share 1 or 2 cars), and they work on staggering about 3 people at a time for citizenship. Again, here it takes about 2-3 years to get through all the different hoops, classes, tests, etc and is very pricey for people of modest means. They have about 1 per year becoming citizens, and once they get one through, they all start streaming their funds at the next person to get them through the process.

            They now do English tudoring, run a Landscaping business, and run a Food Cart on the side.

            It is a stark reminder what families will do to seek a better life.

  7. On November 26, 2016 at 8:55 am,
    Bonzo Barzini says:

    Doc, are you betting on Michigan to upset the Buckeyes?
    Rice is an overwhelming underdog as Stanford is favored by 35. Go Owls!

    • On November 26, 2016 at 9:19 am,
      al korelin says:

      Did you happen to watch the Dawgs? (University of Washington Huskies.)

      Not sure how far they will get, but the team is definitely FOR REAL.

      • On November 26, 2016 at 12:01 pm,
        SDMARC says:

        Big Al
        CONGRATS on the Huskies…what a year…what a year!!

        • On November 26, 2016 at 2:18 pm,
          al korelin says:

          I really don’t see that happening, Excelsior.

          • On November 26, 2016 at 4:11 pm,
            Excelsior says:


        • On November 26, 2016 at 2:20 pm,
          al korelin says:

          Now we have to wait for a few hours to see who the Dawgs will be playing for the PAC 12 Championship. I personally hope that it is SC because it is the only team that has beaten the Dawgs.

  8. On November 26, 2016 at 9:24 am,
    DGHH says:

    As mentioned I’m listening to the Nov 19 weekend show again.

    • On November 26, 2016 at 4:13 pm,
      Excelsior says:

      That was a good one….

  9. On November 26, 2016 at 9:26 am,
    DGHH says:

    Further to my earlier comment, the individual downloads are OK, it’s the full download that is out-dated.

  10. On November 26, 2016 at 10:55 am,
    Matthew says:

    Re: Seg. 1

    1) Gold went up 25 fold in the 1970’s while rates went up the entire time and nearly doubled from 2004 to 2006 while the Fed raised rates 17 times straight.

    2) Silver always moves with gold. It is money first, and an industrial metal second. Like gold and unlike copper, there is a massive amount of above-ground silver.


  11. On November 26, 2016 at 12:14 pm,
    DarkPurpleHaze says:

    Who stated the following 6 month/years end gold prediction back in July and what was it based upon?

    “As you can see, it should have been clear to any objective observer that gold had bottomed and a renewed bull market had begun. That The Banks have used the USDJPY strength and the Spec liquidation surrounding August contract expirations to their advantage should, therefore, come as no surprise.
    They are attempting the same block-and-stall routine that they put on gold back in March when it broke out of its 3-year down channel. Therefore, expect the same fight now.
    Though we should expect price improvement and a renewed rally in August, do not be surprised if it takes until October for gold to really get cooking to NEW HIGHS.

    So, summing up, what should we expect going forward:

    Further choppy to downward price action into late next week.

    It’s still possible that gold could trade AS LOW AS $1285 and back near its 50-day moving average before bottoming. This area has proven as support all year.

    A renewed rally in August back to near, but likely not exceeding much, the highs of late June and early July. Something between $1370 and $1390. Talk will begin to spread that gold has seen a “double top”.

    Another tumble in mid-late September as the next front and delivery month (October) comes off the board, However, October is never a big volume or big “delivery” month. Instead, most of the action after August typically shifts into the December contract.
    Therefore, following the 2016 pattern, any dropoff in September should be more shallow than what we’re seeing at present.

    *Then, finally, a breakout to new 2016 highs in October and November.*

    ***This year-end rally should take gold all the way back to near the April 2013 manipulated breakdown level of $1525. Let’s call it $1475-$1525.***

    So there you go. That’s what WE expect.
    If I’m proven correct, I’ll gladly take all the ADULATION that comes this way. If WE’RE wrong…well, I’m not eating my hat again. That almost killed me last time.”

  12. On November 26, 2016 at 12:19 pm,
    Matthew says:
  13. On November 26, 2016 at 12:42 pm,
    Matthew says:

    The Dow’s weekly chart indicators look good but it has moved too far too fast and is at resistance. Volume has been weak and it is extended way above the 30 week MA so some kind of pullback is likely to start soon.


  14. On November 26, 2016 at 1:28 pm,
    Matthew says:

    The huge gold:Dow gap from the beginning of the year is now completely filled:


  15. On November 26, 2016 at 5:10 pm,
    Excelsior says:

    Silver Miners’ Q3’16 Fundamentals

    Adam Hamilton – Nov 25, 2016


  16. On November 26, 2016 at 5:12 pm,
    Excelsior says:

    The TSX-Venture Will Bottom Next Week
    @Goldfinger on November 26, 2016

    “Now that I have your attention I would like to highlight the intriguing setup forming in the TSX-V as we enter the final month of 2016. The Venture Composite is in the fourth month of a decline which began in mid-August and the confluence of technical and seasonal factors offers a potentially compelling buy setup… ”


  17. On November 26, 2016 at 5:13 pm,
    Excelsior says:

    Long Term Charts Focus
    Morris Hubbartt
    Super Force Precious Metals Video Analysis
    posted Nov 25, 2016

    Here are today’s videos and charts (double click blue links for Video segments)


  18. On November 26, 2016 at 5:20 pm,
    Excelsior says:

    Welcome to Trump-Land (Weekend Review Video Technical Analysis)
    November 25, 2016 – by Gary Wagner #GOLD #SILVER #DOLLAR #OIL


    • On November 27, 2016 at 3:24 am,
      Excelsior says:

      Gary feels that if the 61.8% retracement in Gold doesn’t hold near $1169, then it would drop down in the low $1100’s at the 78.6% Fib Retracement level.

      He also outlines the 61.8% retracement in Silver at $16.52. The close on Friday was $16.51, so we’re right at this support level. It will be interesting to see if Silver opens to the upside next week (indicating a bounce from here), or if we are going to head down to the 78.6% Fib level.

      • On November 27, 2016 at 3:40 am,
        Excelsior says:

        I prefer the looks and starting and ending point of the Gold rally in Matthew’s chart below, and the calculation of the 61.8% retracement level at $1172.26.

        Regardless of if it is $1172.26 or $1169, if that support doesn’t hold there isn’t much support again until the 78.6% retracement, and really, at that point, the old lows will likely come into range to be tested for a double bottom.

        This is going to be an interesting week to see if we get a bounce or a blood bath….

        • On November 27, 2016 at 11:37 am,
          Excelsior says:

          Both of these not so popular Fib levels came up this week in people’s charting discussions, so it seemed like a fun topic to explore, to know which one to use. I see the benefit of both actually…..


          76.4% VS 78.6% Fibonacci Levels…Which is it?


          • On November 27, 2016 at 11:39 am,
            Excelsior says:

            78.6% is the clear Fibonacci retracement level though.

  19. On November 26, 2016 at 6:23 pm,
    Matthew says:

    On both the daily and weekly charts, CEM.V looks ready to move:


  20. On November 26, 2016 at 6:28 pm,
    Matthew says:

    There are a lot of good technical reasons for gold to turn up very soon:


      • On November 26, 2016 at 6:41 pm,
        Matthew says:

        If you look closely, you can see that it has pulled a 61.8% Fibonacci arc retracement (the only arc pointing up) and closed just above a 38.2% arc based on the move down from the 2014 high (red):


        P.s. – Get a load of that recent volume spike and the oscillator at the top. Even the crash of 2013 didn’t result in such readings.

    • On November 27, 2016 at 3:37 am,
      Excelsior says:

      Matthew. I like that chart where it shows the 61.8% retracement is actually $1172.26.

      That looks like a more accurate target for that Fib Retracement level than the $1169 that Gary Wagner was using up above in his Video. Thanks!

  21. On November 26, 2016 at 9:19 pm,
    Matthew says:

    Copper is weekly overbought for the first time in 6 years and the breakout is for real. It has confirmed gold’s breakout.


  22. On November 27, 2016 at 9:09 am,
    Steele says:

    The “T-Theory” Public Chart list shows several major asset classes on one page, which is a nice feature. There are charts for S&P, Gold , Oil, Copper and Treasury Bonds.

    Terry Laundry was an interesting character who developed the so-called T-Theory based on time symmetry. Like any other method, it works until it doesn’t. Anyway, I like to reference the charts towards the end of the year when making longer term investment considerations.


  23. On November 27, 2016 at 9:19 am,
    Steele says:

    Bullish percentage for Gold Miners is 7.14! This is the lowest reading of 2016. Still, it wouldn’t surprise me if the $BPGDM goes to zero in the next few weeks, before bouncing back.


    • On November 27, 2016 at 10:09 am,
      Matthew says:

      I have a feeling it is going to reverse from the current 7.14:


      • On November 27, 2016 at 10:52 am,
        Excelsior says:

        I should clarify my statements below that the BPGDM may have a blip up from the current very low bottom dwelling at 7.14 – (this would be the relief rally I’ve been expecting for next week and maybe into the first week of December).

        However, it could just as easily blip back down in a consolidation through late Dec/early Jan where it gets even a bit lower, until the volatility kicks in post rate-hike nonsense and in preparation of the handoff to the Trump administration in early January.

        So I could see a bounce here that is starting to sync up with an number of 61.8% retracement levels on charts, but it may get stuck in a consolidation range through year end was my only point. I’d expect Q1 2017 to be very bullish for the metals and miners though.

    • On November 27, 2016 at 10:46 am,
      Excelsior says:

      Agreed Steele. Snippet & chart posted on the BPGDM on the KER Friday Market wrap:

      On November 25, 2016 at 10:55 pm,
      Excelsior says:

      (BPGDM) Gold Miners Bullish Percentage Index – Chart showing very bearish sentiment:


      On November 25, 2016 at 11:02 pm,
      Excelsior says:

      Based on that chart of BPGDM, and if prior bottoms in sentiment are reflected on the current pattern, then it may take through December to work this all out, with PMs faring well again in early 2017. That seems to match the prior 2 years where metals rallied at the beginning of the year. Many seem to think that is when the general markets may top out, and start a pullback, which would simultaneously spike volatility around the time that the Trump administration takes over.

      • On November 27, 2016 at 11:30 am,
        Steele says:

        Thanks, Excelsior. Very good rundown. GS posted a GDX chart on his blog last week, and received 245 comments, the most I’ve seen over there. Maybe an anecdotal indicator that a bounce is due right now. 🙂

        • On November 27, 2016 at 11:34 am,
          Excelsior says:

          Yes, I try to keep tabs on what GS thinks, but haven’t been over there in a bit. I’ll go catch up on his latest perspective. I also enjoy reading the comments under his pieces as his blog has some interesting folks.


          • On November 27, 2016 at 12:02 pm,
            Excelsior says:

            what do you think of this comment from that GS blog that seems to line up with Spanky’s thesis?

            November 23, 2016 at 6:59 am

            “The Yen is confirming gold is doomed. That ain’t no cup and handle on the weekly chart anymore. We will see Yen retest its 2015 lows of .81 or thereabouts. And look at the Nikkei on a daily chart. It is relentlessly up confirming that Yen/USD will keep falling on a trending basis. I have been talking about this a lot lately because it has been one of the most reliable ways to monitor golds health (or lack of it). Sorry to everyone here if I am being a big, fat, bore by repeating the idea but it is worth your time to follow this since it will keep you out of hot water.”

          • On November 27, 2016 at 1:04 pm,
            Steele says:

            The Yen is quite oversold with an RSI below 16 on the $JPYUSD.

            My general thesis is that dollar strength will continue into early 2017, pressuring the Yen and most commodities. Copper is interesting as its been bucking the dollar strength trend recently.

            The dollar could reach a significant interim top as early as January 2017, but more likely sometimes in Spring 2017 IMO. Too many variables to go beyond that. Not really that worried about gold/gold stocks as my asset allocation is very close to target.

          • On November 27, 2016 at 1:24 pm,
            Excelsior says:

            Good thoughts Steele. That seems like a reasonable thesis to me. Yes, Copper has been rocking, but it is a bit over bought and will likely settle near the 2.25-2.50 area.

          • On November 27, 2016 at 1:35 pm,
            Excelsior says:
        • On November 27, 2016 at 2:30 pm,
          b says:

          Just wondering , does GS take into account the 700 tons that may not be bought in India, thats one heck of a pile of physical sales.

          • On November 27, 2016 at 2:43 pm,
            Matthew says:

            Did anyone stop buying alcohol during prohibition? No. And during the War on Drugs, drug use only went up.

          • On November 27, 2016 at 2:44 pm,
            Excelsior says:

            GS doesn’t focus much on the fundamentals of the physical and just charts based on cycles theory and how it lines up with fib retracements, RSI divergences, and moving averages.

  24. On November 27, 2016 at 12:17 pm,
    Excelsior says:

    GOLD – Elliott Wave – Technical Analysis
    24th Nov 2016 – Lionheart EWA


    • On November 27, 2016 at 12:58 pm,
      Excelsior says:


  25. On November 27, 2016 at 12:19 pm,
    Excelsior says:

    Gold is Oversold but Broken

    11/27/2016 – Jordan Roy-Byrne CMT, MFTA


    • On November 27, 2016 at 12:26 pm,
      Excelsior says:

      I stand corrected about my statement where I had lumped Jordan in with other analsts waiting until $1180 support had held or given in. It seems Jordan did have the $1200-$1210 level as his line in the sand, and I get the impression from his article that he feels that line has been crossed.

      “Gold is clearly broken but its decline is due for a pause. Gold has been strongly correlated to the bond market which may have made an interim low last Wednesday. Also, the gold stocks are showing a positive divergence. Even as Gold lost $1200/oz and traded down to $1171/oz, the gold stocks (GDX, GDXJ) did not make a new low. Furthermore, the market has now fully priced in a quarter point rate hike in December.”

      “The odds favor a rebound in the days and potentially weeks ahead. Traders and investors should use the rebound to de-risk their portfolios, raise cash and hedge if the opportunity presents itself. Don’t think about buying until we see sub $1080 Gold and an extreme oversold condition coupled with uber bearish sentiment.”

  26. On November 27, 2016 at 1:56 pm,
    Matthew says:

    If gold does bounce and then head lower, there’s a confluence of supports at 1128 on December 19:


  27. On November 27, 2016 at 2:09 pm,
    Matthew says:

    SGN has bullishly not gone below the 40 level on the weekly RSI(14) since February:


  28. On November 27, 2016 at 2:11 pm,
    Markedtofuture says:

    GATA urgently needs help to keep fighting

    11:45a ET Sunday, November 27, 2016

    Dear Friend of GATA and Gold:

    Government intervention in the financial markets generally and against the monetary metals particularly has never been more intense and as obvious as it is now. As a result, investors in the monetary metals and advocates of free and transparent markets and limited and accountable government seem to be more demoralized than ever. Support for GATA has eroded severely even as we have dragged so much of this market rigging into the open that it no longer can be denied, only ignored.

    The other day a GATA supporter wrote that if 100,000 investors in gold and silver mining companies would donate just $10 to GATA, the organization would have a war chest of a million dollars with which it could undertake new legal actions and publicity campaigns. Your secretary/treasurer thanked him for the thought but replied that not even a dozen mining companies care about the market rigging that suppresses the price of their products and that, as a result, most investors in the monetary metals have not been feeling very generous in a long time.


  29. On November 27, 2016 at 2:17 pm,
    Matthew says:

    Silver has only retraced half of its 2016 rally versus gold:


  30. On November 27, 2016 at 2:39 pm,
    Excelsior says:

    @stateside – Comanus Rising Podcast – November 27, 2016.


    “In this episode of the Comanus Rising Podcast we talk about gold and the gold stocks, the monster moves in the base metals, why CEO.CA should be viewed daily, and news releases from the following companies: Winston Gold Mining $WGC Doubleview Capital $DBV Point Loma Resources $PLX Ximen Mining $XIM International Frontier Resources $IFR Eco Oil & Gas $EOG AQM Copper $AQM Northern Shield Resources $NRN Morumbi Resources $MOC Pasinex $PSE Playfair Mining $PLY Tajiri Resources $TAJ Tinka Resources $TK Lion One Metals $LIO Sokoman Iron Corp $SIC Benton Resources $BEX We talk gold, silver, PGE, copper, zinc, lead, uranium, oil, and natural gas.”

  31. On November 27, 2016 at 2:50 pm,
    Excelsior says:

    (WAF) (WAF.AX) – West African hits 9m at 94 g/t Au at M1 South, including 2m at 282.61 g/t Au


    • Further high-grade results at M1 South: 9m at 93.55 g/t Au from 183m, 11m at 7.43 g/t Au
    from 279m and 7m at 6.92 g/t Au from 293m ended in mineralisation
    • Deepest results to date, outside current resource area, down dip of previous drilling
    • New results to be included in resource update in Q4 2016
    • Feasibility study on track for reporting Q1 2017
    • $19.5m cash at bank and no debt


    • On November 27, 2016 at 2:52 pm,
      Excelsior says:
      • On November 27, 2016 at 2:55 pm,
        Excelsior says:

        (BBB) Brixton Metals Expands Outlaw Sediment Hosted Gold Zone
        (Marketwired – November 24, 2016) –

        “Chairman and CEO of Brixton, Gary R. Thompson stated, “The 2016 exploration work at Thorn was successful in expanding the near surface gold mineralization at the Outlaw Gold Zone, which appears to have significant scale potential. In addition the delineation of a new 7 square kilometre gold-in-soil anomaly associated with a near surface IP chargeability high anomaly at the Chivas Gold Zone represents an exciting drill target for 2017.”


      • On November 27, 2016 at 4:15 pm,
        wolfster says:

        Friday releases are never good Ex

        • On November 27, 2016 at 4:22 pm,
          Excelsior says:

          Ha! Well I wouldn’t go as far as saying all Friday releases are never good. Some companies just release on Friday or Monday each time they put out releases.

          Did you think that Auryn press release was bad?

          • On November 27, 2016 at 4:35 pm,
            wolfster says:

            Maybe not bad just not anything special so not expecting Auryn to start moving up unless things in Peru are special

          • On November 27, 2016 at 8:26 pm,
            Excelsior says:

            Oh gotcha. Yeah, the marketplace has not really been rewarding good news or average news the last few months anyway. It has to be pretty dramatic to move the dial these days.

  32. On November 27, 2016 at 4:07 pm,
    Excelsior says:

    Zinc Mining Ramblings
    Module 10 – Zinc Mining in Africa and an Addendum to the India Module

    Doug Beattie, Mining Engineer (retired)


    • On November 27, 2016 at 4:33 pm,
      wolfster says:

      Wish I had read Doug Beattie rant about Glencore years ago.Lost a lot of money in Donner.

      • On November 27, 2016 at 5:15 pm,
        wolfster says:

        Btw zinc is up another 3% already

        • On November 27, 2016 at 8:31 pm,
          Excelsior says:

          In addition to the many Zinc companies that have barely responded to the rise in Zinc & Lead prices, I’m also wondering when investors will price this in to some of the Silver miners that have large Zinc / Lead credits?

          • On November 27, 2016 at 8:40 pm,
            Excelsior says:

            I just saw that the spinoff of Ardea out of Heron Resources, (so they can focus on their Woodlawn Zinc/Copper project), is official. Heron is getting more focused, and the marketplace wasn’t properly valuing their other properties, so it was the right strategic move IMO.

            Here is the press release about the spinoff:

            Heron (ASX:HRR TSX:HER) (HRLDF) Announces Further Update on Spin-Off of Ardea Resources Limited
            17 November 2016


          • On November 27, 2016 at 8:44 pm,
            Excelsior says:

            Arizona Mining, Callinex, Pasinex, Tinka, Trevali, Nevsun, Ivanhoe, Heron, Constantine, Vendetta, Solitario Exploration, Eurasian Minerals, and Canada Zinc Metals have my interest at present.

          • On November 27, 2016 at 8:47 pm,
            Excelsior says:

            Zazu Metals has had a nice bump recently on very little news, so it must be tracking a bit better as an optionality play on Zinc/Lead.

          • On November 27, 2016 at 8:51 pm,
            Excelsior says:

            Arizona Mining’s chart has been a thing of beauty this year though:


          • On November 27, 2016 at 10:25 pm,
            Excelsior says:

            GPM metals is another one I’m taking a look at. Any thoughts?

          • On November 27, 2016 at 11:10 pm,
            Excelsior says:

            Morumbi Provides Progress Update on Acquisition of El Mochito

            November 16, 2016

            “Morumbi Resources Inc. (MOC-TSXV) is pleased to announce that, further to the Company’s September 22, 2016 announcement of its agreement with certain affiliates of Nyrstar NV to purchase 100% of Nyrstar’s indirect subsidiary American Pacific Honduras SA de CV and its flagship asset, the producing El Mochito zinc mine in Honduras, the Company has received conditional approval from the TSX Venture Exchange for the Transaction and has submitted its regulatory application to the Honduran Commission for the Defense and Promotion of Competition for approval.”


          • On November 28, 2016 at 3:35 am,
            wolfster says:

            Found dougs comments on nevsun a bit disconcerting.With the number of good plays out there,don’t need to be in one that has any question marks to it.Believe callinex would be a good takeout candidate for hudbay although I see hudbay or maybe Lundin taking a run at Trevali.

          • On November 28, 2016 at 3:42 am,
            wolfster says:

            Re:gpm specifically.good management.exploration play with upside.personally prefer the upside of Tinka instead

          • On November 28, 2016 at 3:55 am,
            wolfster says:

            Btw.missed the Arizona train and my bitterness makes me not want to look at.😩😩😩

          • On November 28, 2016 at 5:02 am,
            Excelsior says:

            wolfster – Agreed, and thanks for the feedback on the Zinc miners.

      • On November 27, 2016 at 8:24 pm,
        Excelsior says:

        Doug is one of the sharpest guys I’ve even seen as it relates to the Zinc sector. He was a mining engineer at a few high profile mines, visited a great deal of competitive mines, and can look and tell how things are trending, what will be economic, the penalty metals or minerals at the smelter, water issues underground, etc…..

        His recent module on India predicted the loss of some of Vendanta’s resource that they’d mine next year due to cut off grades and slope steepness, and then they adjusted their resource accordingly thereafter. He’s a fountain of knowledge on some of the Uranium mining in the Athabasca Basin as well, and spent time working with Cameco as well. If he makes a comment on CEO, I always try to check it out.

  33. On November 27, 2016 at 9:36 pm,
    Excelsior says:

    US Dollar down to 100.84 and Gold up to $1193.80 in Asian trading. Nice!


  34. On November 27, 2016 at 11:23 pm,
    Excelsior says:

    ‘The time has come,’ the Yellen said, ‘to talk of raising rates’
    Yahoo Finance – November 27, 2016