Low yields are forcing elderly people into riskier assets
A new guest Brad Williams, President of Brad Williams Financial Services shares his stories of clients having trouble finding income generating assets. This is all due to the low interest rates around the world. When you dive deeper into the underlying markets and government debt it is scary to think about what could be coming.
Click download link to listen on this device: Download Show
For your economic education:
Filthy speech is the language of losers.
There’s the usual indoctrination there. Capitalism didn’t fail anyone. Crony capitalism/Fascism did and it is a form of collectivism just like socialism.
https://www.freedomforceinternational.org/collectivism/
Just like Bush, Obama, and Hillary, Trump is another collectivist.
A full lecture by Mark Blith:
The Mines and Money Conference is going on today. Keep track of the live chatting today:
Lawrence Roulston joins Nickel One $NNN
This is the first time that distinguished #Roulston is joing a public company´s Advisory Board and as such, he must be convinced not only of Nickel One´s established management team but also of the great potential of the company´s exploration projects. Roulston´s comment: “I was attracted to Nickel One by their planned acquisition of an exceptional #PGE #copper #nickel project in #Finland, and by their vision to further capitalize on the multitude of opportunities available in northern #Europe. The enormous geological potential of that region is largely unrecognized and Finland is one of the highest rated countries in the world for mining investment.”
(GALXF) GALAXY RESOURCES NOMINATES FIRST VESSEL
Production Update
“With commissioning of Mt Cattlin progressing as planned, trucking of lithium concentrate production to Esperance port is expected to commence by the end of this week with the first shipment to customers anticipated by the end of December 2016.
“Galaxy has given formal instruction to Mitsubishi Corporation to nominate the vessel, for its first shipment of final product from the port of Esperance….”
http://www.galaxyresources.com.au/media/announcements/43d96ljzpx1907.pdf
Unlike most Lithium fluff, Galaxy is a company really doing something and hitting a production milestone. After following the company, posting on it here, and trading in and out of their stock for years, it is nice to see the company stepping into the big leagues as a LI Producer. Well done.
Nemaska Lithium Receives United States and Canadian Patents for Lithium Hydroxide and Lithium Carbonate Processes
Lithium
Nemaska Lithium Inc. (TSX: NMX)
Roxgold Intersects 20.1 Grams per Tonne of Gold over 23.8 Metres in Step-out Drilling at Zone 55
Nov. 29, 2016 /CNW/ – Roxgold Inc. (ROG)
Good stuff 🙂
Absolutely. Where you been hiding out Pete?
Over the hills and far away 🙂
Nah,just been so busy lately, moving,working etc
Good luck with the good (and busy) life….. and good luck with the move!
Thanks,Excelsior
Oceanus Resources: Advancing The El Tigre Gold & Silver Project To A 1,000,000+ Ounce Open Pit Mine
by Ceo Technician
An interesting comment from Goldfinger on Oceanus Resources recently:
@Goldfinger – “Just had a call with Oceanus Resources $OCN CEO Glenn Jessome. $OCN is focused on its El Tigre property in the Sonora Province of Mexico. ”
“El Tigre was the site of a historic underground mine which operated from 1903 to 1938 producing 353,000 ounces of gold and 67.4 million ounces of silver. The historic mining was chasing high grade veins underground with grades averaging 1308g/t Ag and 7.54g/t Au. ”
“Oceanus is envisioning an open pit heap-leach mine going to 150-200 meters depth and at least 100 meters width. Recent drilling includes holes grading 121.1 meters of 1.38 g/t gold eq consisting of 1.02 g/t gold and 27.0 g/t silver & a drill core which had not been assayed by the previous owner (El Tigre Silver) came back with an impressive 127.0 meters of 2.16 g/t gold eq consisting of 1.80 g/t gold and 27.5 g/t silver.”
“There are also high grade historic gold & silver veins to the north of the main zone which have not seen any exploration drilling activity. $OCN plans to move some rigs up there in mid-2017 to see if there is ‘district’ potential to the El Tigre story. #hotpick”
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Just curious – Has anyone else been following Oceanus Resources here at the KER?
Couple of posts from yesterday I put up you may have missed.i put them up later in the evening….was wondering about pasinex.like it but not the exchange it’s on and wanted your thoughts about that exchange
Hey Wolfster – Yes with Pasinex the choices are more limited:
PNX.F on the Frankfurt Exchange, PSE.CN on the CNQ, and PSXRF on the OTC. There is also PNX.DE on XETRA and PNX.SG on the Stuttgart exchange.
PSE is the main ticker to follow but PNX.F gets a fair bit of volume as well. The OTC just moves in fits and starts and is more thinly traded with wide bid/ask spreads.
It’s a nice little Zinc miner though, that has room for a larger percentage move to the upside, but some jurisdiction risk being in Turkey.
Thanks.not keen on the cnq for trading but need to bite the bullet in this case.Like how some of the Jr explorers held up on good volume today.
I was in BMO the other day, posters on the wall were offering 7% for 3 year gics? terms?(not 7% per anum)
and what they said “up to 16%” for 4 years.
Interest rates going up maybe?
Well I just locked in a 5 yr term on my mortgage after being variable since 2003.
Another insider…..
Chao….wife of Rep.Senate majority Mitch McConnell…..Another Bushite
Going for Transportation Dept….
Drain the swamp…?
Why doesn’t she use her real name?
Chao….Mrs. McConnell….
She screwed up LABOR under her watch….now she can screw up Transportation,…..but it is already screwed up with TSA
Term limits…. ?
Term limits are the right answer, but they’ve made it clear nobody that votes on making it so will have that go through on their watch = more lifetime politicians that spend more time campaigning or worried about re-election, than making a real difference and taking the tough stand.
All the more reason to make it an issue, let the people see which politicians oppose term limits, and axe them at the next election. If there are enough Americans that have a clue…
Ditto
Good point GH.
Well said.
Now is not the time to go long base metals. They are simply playing catch up to the pop the broader commodity complex got this year. They will recouple with the rest of the complex, if they already haven’t, and head lower over time.
As long as the yen is being printed faster than dollars, commodities are a short. gold peaked vs yen way back in 2013 and the monthly ratio chart looks like gold is about to head lower vs yen, which can’t be good since yen is also headed lower in absolute terms.
I’ll grant that we can get a counter trend bounce in yen once it hits its near term low, but there is literally no bullish case for yen whatsoever. Commodities will only start a new bull market once the Fed becomes easier than the BoJ, and that doesn’t look likely any time soon.
Corvus drills 170.7 m of 0.6 g/t Au at North Bullfrog
2016-11-29 08:16 ET – News Release
Mr. Jeff Pontius rpeorts
CORVUS GOLD EXTENDS YELLOWJACKET DEPOSIT AT DEPTH AND LATERALLY AT THE NEVADA, NORTH BULLFROG PROJECT
Corvus Gold Inc. has released initial results from the 2016 phase II drill program at its North Bullfrog property in Nevada. The initial two holes were targeted for expansion potential at the north end of the YellowJacket system, both at depth and laterally to the current deposit.