Weekend Show – Sat 7 Jan, 2017

Precious Metals Moves and Is That Inflation We Are Seeing?

Click download link to listen on this device: Download Show

To kick off 2017 we are back with 2 hours of the financial and economic discussions! We will still be producing the political hour which can be listened to by clicking here.

In this weekend’s show we have a number of great guests providing an outlook on the precious metals, in terms of moves over the past few weeks and outlook for 2017. We also look at some of the data points recently that have been showing an uptick in inflation.

We always love to hear what you all are thinking so please share the show with friends and comment or email me directly at Fleck[at]kereport.com. We hope everyone has a great weekend!

  • Segment 1 & 2: We kick of the first two segments with Jesse Felder, founder and editor of The Felder Report. We discuss his sectors of interest for 2017 as well as a discussion on the inflation data. Click here to visit Jesse’s site.
  • Segment 3: Managing Director at RBC Wealth Management George Gero updates us on current gold market data – open interest, ETF flows and international demand.
  • Segment 4: Fund Manager Dana Lyons looks at the GDX and US market charts to strategize for 2017.
  • Segment 5: Chris Martenson, Co-Founder of Peak Prosperity, discusses the reflation environment led by central banks around the world. Click here to visit Chris’s site.
  • Segment 6: I will be attending and speaking at the upcoming Cambridge House investment show in Vancouver on January 22 and 23. Jay Martin explains what attendees can look forward to this year. Click the banner below to sign up for free!
  • Segment 7 & 8: In the final 2 segments Dan Oliver, Founder of Myrmikan Research takes a look at the move in gold and gold stocks. We then shift focus to China which Dan thinks is the real bubble concern.

Click this banner to sign up for the Cambridge House 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

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

Click download link to listen on this device: Download Show


Featuring:
Chris MartensonCory FleckDan OliverDana LyonsGeorge GeroJesse Felder

Comments:
  1. On January 7, 2017 at 2:57 am,
    Archdeacon (!) Andrew says:

    Thanks as always guys for all your hard work…..come in Skeeta.!!
    2017’s going to be mighty ‘interesting’. It was the communist Albanian leader Enver Hoxha who said ‘This year’s going to be harder than last year, but next year will be harder than this one’!
    Peace and prosperity to all, A

    • On January 7, 2017 at 7:28 am,
      Excelsior says:

      Peace and prosperity to you as well Archdeacon (!) Andrew

    • On January 7, 2017 at 8:11 am,
      Skeeta says:

      Is it really the weekend already?
      I’ve lost all track of whatever day it is whilst on holidays.

      ……enjoying San Diego at present:)

      • On January 7, 2017 at 12:52 pm,
        Excelsior says:

        Skeeta – I sincerely hope your family has fun living the life fantastic!

        ….. and Stay Classy San Diego.

        https://www.youtube.com/watch?v=MgGCIZi1UjY

        • On January 7, 2017 at 8:37 pm,
          Skeeta says:

          Thanks Ex,
          Been here for awhile now & seen pretty much everything I wanted to.
          Driving to Vegas tomorrow for 4 nights to catch up with friends before returning home.
          Cheers.

          • On January 8, 2017 at 10:18 am,
            Excelsior says:

            Are you going to hit the Vegas strip at all?

            I’ve been to Vegas 8 times and made my personal contribution so that those hotels look great for future visitors. 🙂

          • On January 9, 2017 at 8:07 am,
            Skeeta says:

            Yeah I’ll put down some cash for fun.
            Prefer to gamble on Junior mining prospects though;)

            But am off to the Grand Canyon this morning,
            Will hit the Strip tonight
            Cheers.

  2. On January 7, 2017 at 3:14 am,
    Anders from Copenhagen says:

    Great show. Jesse Felder is a very good choice 😎

  3. On January 7, 2017 at 5:21 am,
    CFS says:
  4. On January 7, 2017 at 5:25 am,
    CFS says:

    Michael Belkin discusses the stock market and gold:

    http://kingworldnews.com/michael-belkin-1-7-17/

    • On January 7, 2017 at 7:27 am,
      Excelsior says:

      Thanks CFS. I was hoping the audio was going to be available this morning as that was up yesterday was a written teaser… Good to hear Michael’s outlook on the markets.

      • On January 7, 2017 at 7:33 am,
        Archdeacon (!) Andrew says:

        Well worth a listen. But be careful if opting to subscribe to the Belkin newsletter (notwithstanding the 10% discount) as monthly instalments don’t seem to be available.

    • On January 9, 2017 at 5:31 am,
      Marty says:

      Eric King, who I know personally, this carnival barking episode of all time.

  5. On January 7, 2017 at 5:29 am,
    CFS says:
  6. On January 7, 2017 at 5:59 am,
    GH says:

    General stock markets may go up or down from here in nominal terms. I’m guessing down.

    Regardless, they seem certain to go down relative to some other sectors, e.g. emerging markets. With the backtest of the downtrend complete, this looks like a great entry point (not investment advice, and I’m neither long nor short):

    http://stockcharts.com/h-sc/ui?s=EEM%3A%24SPX&p=W&yr=10&mn=0&dy=0&id=p43569845937&a=497922664

    • On January 7, 2017 at 7:23 am,
      GH says:

      Hmm…I think I need to rethink the general markets going down in nominal terms…in real terms, yes. But with the chaos likely headed our way, they seem likely to skyrocket in nominal terms.

  7. On January 7, 2017 at 6:05 am,
    GH says:

    The EEM:$SPX ratio could go up even if EEM falls, as long as the $SPX falls faster. But charted on its own, EEM also looks good, as the moving averages are coming into bullish alignment, with a recent swing low,Slow STO coming out of oversold territory, MACD bouncing up from zero line, and RSI recently crossing back above 50.

    http://stockcharts.com/h-sc/ui?s=EEM&p=W&yr=10&mn=0&dy=0&id=p51590639413

  8. On January 7, 2017 at 6:45 am,
    Dick Tracy says:

    Tesla turns on it’s 5 billion dollar gigafactory, made in The U.S. of A. is coming back, and Trump has hired Musk as an adviser. DT
    http://business.financialpost.com/news/transportation/hidden-where-cowboys-gamble-and-wild-horses-roam-tesla-turns-on-its-5-billion-gigafactory?__lsa=4336-cf2f

    • On January 7, 2017 at 7:13 am,
      OOTB Jerry says:

      look like electric cars are here to stay…….

      • On January 7, 2017 at 12:46 pm,
        Excelsior says:

        Well, the world will need more Copper, Nickel, Cobalt and some Lithium then….

        At least until we just start beaming people to the locations of their desire 🙂

        • On January 7, 2017 at 1:07 pm,
          OOTB Jerry says:

          take some depends for a long journey……………

      • On January 8, 2017 at 11:55 am,
        The Seer says:

        Love my Tesla S !!!! Felt so odd to drive by a gas station and not turn in to buy gas.
        Amazing car and a huge dash computer to watch markets with and listen to interviews.

        • On January 8, 2017 at 2:55 pm,
          Big Al says:

          Most people seem to love them, The Seer.

          I am just an old fart who loves his 14 year old 71K mile no computer, gas powered cherry BMW 325CI convertible.

  9. On January 7, 2017 at 7:33 am,
    Excelsior says:

    I posted some thoughts on diversification to another investor, and thought I’d share it here with the KER crew. If anyone has any different thoughts on the matter or would like to share their investing approach/strategy in the spirit of friendly dialogue it may be fun to hear how other “invest.”

    _________________________________________________________________________

    “…..There can be great risk/reward in a concentrated position like that, but personally going “all-in” on a speculative $.03 Iron stock would make me a tad unsettled.
    I would also mention that the Iron Ore prices really spiked this last year on Chinese speculation, but commodities are cyclical where one takes the spot light, then the next, then the next (like what we saw with Gold/Silver, then Iron & Lithium, then Copper, and now Zinc and possibly Uranium….) What goes up, also comes back down.
    Personally I love to take targeted risks on stocks or sectors that I’ve spent a fair bit of time doing my best to understand, but I always counter-balance those positions with some stability in my portfolio. More often than one would like, something unforeseen surfaces and with just one position it’s much easier to wipe out a larger percentage of one’s trading account. If that stock dropped to $.012 on bad news your $300K could turn into $120K in a matter of minutes. In fairness, if it went to $.05 though, your $300K would suddenly be $500K. Still, pretty risky, like #ThrowItOnBlack in roulette.
    One strategy that has worked well for me over the years is diversifying across #subsectors in various commodity sectors. So take Iron or Silver or Gold – Put some percentage of the commodity exposure in 3 sub-sectors #Producers, #Developers, and #Explorers.
    I like keeping some small Jr #Producers in the mix because they’ve been more de-risked, are permitted, are producing revenues, and their financials are less dubious.
    #Developers can offer bigger spikes/returns depending on where you catch them during the mining cycle (as sometimes they sit dead in the water if they don’t have money, haven’t finished metallurgical testing, are waiting on permits, or have social/environmental/governmental roadblocks). Still the #Developers are somewhat de-risked in that they have an #AdvancedDeposit, and may vary depending on jurisdiction, scale of project, economics, payback period, life of mine, and the assumptions made in their Preliminary Economic Assessment, Pre Feasibility Study, or Feasibility study. In addition one must consider what infrastructure in is place (power/water/road access/prior mine/prior surface development & build out), stage of permitting, capital that has been raised or needs to be raised, recovery of metals, smelter penalties, transportation of ore, seasonal access to property, etc….
    Lastly we have #Exploration projects where all those same concerns are still relevant, they are much less derisked and unknown, and they are utilizing Airborne Geophysical Methods (VTEM), ground-sampling, GeoChemistry, and drilling to delineate their deposit attributes. It has the highest risk/reward component because it is answering unknown questions.
    Of course, there are other sub-sectors like #ProspectGenerators that do limited exploration to farm out their properties to other #Exploration companies in various #JointVenture arrangments, forgoing the need for the exploration capital expenditure, and hoping to get an earn in, shares in the other company, or a Net Smelter Royalty #NSR on the project.
    There are also #Streaming Companies that get a commodity at a set price for the life of mine or district for putting up capital at a time where the company needs this to move forward. Often in addition to streams the company may have a basket of royalties they’ve acquired over the years. Much less risk with these, but not as much upside. More of a stable growth scenario (think Franco-Nevada).
    All investors have their own unique financial situation, risk tolerance, time horizons, short term trading versus long term value holding approaches, and comfort in following various numbers of companies. This leads them to seek out different jurisdictions, filter out or down to companies based on their market cap, or ounces in the ground, or share count/float size, etc…
    My education was enhanced through the #SchoolOfHardKnocks and was taught in a humbling way the power of diversification for stability versus laser focused bets on a one-trick pony. However, it is a spectrum of risk/reward where too much diversification can water down gains if not actively managed, and too concentrated of a position can create an incredibly high risk environment.
    I wish all investors the success in whatever approach they take and just wanted to reflect on the benefits of #PreservationOfCapital along with the #QuestForGains.” 🙂

    • On January 7, 2017 at 7:35 am,
      Excelsior says:

      Woops. The formatting just got jacked up posting this from one site to the this commenting box. Well, its too long to fix and repost. Sorry about it’s a little hard on the eyes.

      • On January 7, 2017 at 7:38 am,
        Excelsior says:

        Here’s a link to the room & context I posted it in, that is much easier to read:

        https://www.ceo.ca/mbgtrends

      • On January 7, 2017 at 8:15 am,
        GH says:

        I find pasting into Windows’ notepad before re-pasting elsewhere is often a quick fix for formatting problems.

        • On January 7, 2017 at 9:25 am,
          Excelsior says:

          Thanks GH. Normally I go through and reformat inside of the chat window (which is a bit cumbersome due to only being able to see 4 lines at once.

          I’ll take posting it into notepad into consideration next time.

    • On January 7, 2017 at 9:11 am,
      Steele says:

      Excelsior, 2016 was a fantastic year for the patient and disciplined resource investor. The previous 5 years taught me to: 1) Limit my positions, 2) Cut losses early, 3) Take profits, and 4) Look for seasoned management when scouting new positions. The junior resource business has some of the greatest minds and some of the worst scoundrels. It pays to know the difference!

      Although I own a couple of uranium companies, that’s never been a comfort zone. I prefer the precious metals and companies. Also did great in the oil space last year, but took my profits and ran. 🙂

      Is now a safe time to add new positions? Maybe. But 3 weeks ago was a much better entry point, when I pulled the trigger (mostly gold stocks). Most of these are intended to be longer-term positions, i.e., 2-3 years. I think the bull market resumed a year ago. As such, it may be more profitable to ride the bull vs. trading in and out.

      Harry Browne has influenced my investing strategy in recent years. His idea of a “Permanent Portfolio” of 25% each in stocks, bonds, gold, and cash appeals to me as a reformed gold bug. However, I have more stocks, fewer bonds, and more gold stocks than gold. But, the diversification approach is still valid and has a long successful track record.

      Foreign stocks-especially emerging markets-should outperform U.S. stocks over the next decade. This trade is not as hated as the gold trade has been, but it’s a fairly uncrowded space right now, especially with the strong dollar.

      • On January 7, 2017 at 9:47 am,
        Excelsior says:

        Steele – very good thought and I’m in complete agreement with your first point:

        “1) Limit my positions, 2) Cut losses early, 3) Take profits, and 4) Look for seasoned management when scouting new positions.”

        As for your second point about being more focused on Precious Metals than Uranium, I’m in the same camp. In my trading account I’m currently I’m about 60% Precious Metals (fair mix of Gold & Silver & PGM companies at various stages), 20% Uranium, 20% everything else (Lithium, Oil, Renewables, Base Metals, Volatility, Misc ETFs).

        I also concur with your third point about 3 weeks ago being a much better entry point for gold & silver stocks. That is when I was pulling the trigger also (well I pulled a number of triggers all through December, but got aggressive mid-month through post holidays. (during the final throws of tax loss selling clearance sales)

        Yes, I’ve seen that “Permanent Portfolio” concept before and I’m all for staying diversified, but I put more or less emphasis or weight in my portfolios in different sectors at different points in the year and actively manage it. To be clear, this is my trading account I typically discuss on here and I have a retirement account full of different Mutual Funds, Stocks, Bonds, etc… (pretty standard stuff), and believe in keeping a cash reserve as well.

        I always liked the Bob Allen concept of “Multiple Streams of Income”. Real Estate stream, Paper Assets (stocks/bonds/deposit products), Residual Income stream (mine is from insurance, but it could be book/song/film royalties, direct sales overrides, etc..), and then Investment directly into a business as a stakeholder.

        Lastly, you point about the Emerging Markets makes all the sense in the world to me, and I was pretty heavy into individual companies or baskets of EM companies through various ETFs. Chartster has a great handle on Emerging Markets so it would be interesting to get his thoughts on which areas he is constructive on at present.

        Good stuff!

        • On January 7, 2017 at 10:28 am,
          Steele says:

          Thanks for all the grat ideas. I agree with the “Multiple Streams of Income.”

          Also, my aggregate junior resource stock picking skills generally suck. I still own a handful of individual junior resource stocks in my non-retirement account, but I primarily stick with funds and ETFs now.

          Using the baseball analogy, that helps me to hit more singles and doubles and not strike out so much by swinging for the fences. Less stressful too. Just look at the charts, measure sentiment, and buy/sell accordingly every once in a while. It’s a little more complicated than that, but not really.

        • On January 7, 2017 at 10:34 am,
          Steele says:

          “Opportunities multiply as they are seized.”  – Sun Tzu

  10. On January 7, 2017 at 8:04 am,
    GH says:
  11. On January 7, 2017 at 8:12 am,
    GH says:

    The yen is holding firm on top of the convergence of about six different forms of support:

    http://stockcharts.com/h-sc/ui?s=%24XJY&p=W&yr=10&mn=0&dy=0&id=p87146502292&a=443807618

  12. On January 7, 2017 at 9:11 am,
    Anon says:

    I’m BUYING the cheapest royalty company on the street – http://www.pennyminingstocks.com/im-buying-cheapest-royalty-company-street/ . They are presenting at the VRIC.

  13. On January 7, 2017 at 10:36 am,
    CFS says:

    With my limited eyesight, I get a bit behind with my reading around the holiday season.
    It seems to me blockchain technology is more powerful and revolutionary than I thought it would be.
    As an example, which may surprise you:
    https://www.wired.com/2016/12/overstock-com-issues-stock-via-bitcoin-blockchain/

    • On January 7, 2017 at 1:59 pm,
      DC says:

      Very interesting article. CFS, thanks for posting it.

  14. On January 7, 2017 at 11:01 am,
    CFS says:

    In my dotage I have retained a little wisdom:
    I don’t fight City Hall anymore; they have deeper pockets than I do…..hell, they often pick my pockets.
    I don’t bet against the big boys on Wall Street, unless I have better information than they do.
    The overvaluation of the stock market, normal historical metrics, means that there will eventually be a return to norm. i.e. it will drop, and folks that are long stocks, on average, will lose money.
    This is why intelligent people like Robert Moriarty use sentiment indicators to determine timing.
    The difficult question to determine is when to be contrarian and against which group.
    I prefer to use volume and momentum as being easier to read.
    It does not appear the general stock market drop is here yet, although it may be close and certainly needs to be watched closely. If you can’t watch very closely, you might consider tight stops.
    http://www.financialsense.com/sites/default/files/imagecache/desktop/imagecache/desktop/users/u3543/images/2017/0107/2-krinsky-momentum.png

    • On January 7, 2017 at 1:59 pm,
      Excelsior says:

      I’ve just decided to expect the unexpected, and plan accordingly…..

  15. On January 7, 2017 at 11:01 am,
    Markedtofuture says:

    CDG and CDS – Public Thread

    As we begin 2017, it’s more important than ever to be clear about what we discuss here. To that end, today we add two new acronyms to the TFMR glossary…CDG and CDS. No longer will we discuss the paper derivative price of “gold” or “silver”. Instead, we will refer to these issues as CDG (Comex Digital Gold) and CDS (Comex Digital Silver).

    Let’s just cut to the chase. When you regularly observe charts such as this one…

    http://www.tfmetalsreport.com/blog/8080/cdg-and-cds

  16. On January 7, 2017 at 12:56 pm,
    CFS says:

    If you want a glimpse into Iron-Nickel mining long after you are dead, think robots and look at:
    https://sese.asu.edu/research/psyche

    • On January 7, 2017 at 2:34 pm,
      DC says:

      If I’m still alive by the time they make it to that asteroid, I will be very interested to see the results of that project!

    • On January 8, 2017 at 7:44 am,
      Excelsior says:

      Interesting asteroid project. Little by little we’re learning about our neighborhood in the solar system.

  17. On January 7, 2017 at 3:37 pm,
    CFS says:
  18. On January 7, 2017 at 5:41 pm,
    CFS says:

    Here’s the latest John Williams:

    https://www.youtube.com/watch?v=no6Q7FKaSdc

  19. On January 7, 2017 at 6:56 pm,
    CFS says:

    Way off topic:

    Fun with Robots:
    https://www.youtube.com/watch?v=BRym2d9hB64

    • On January 8, 2017 at 2:38 pm,
      Excelsior says:

      “Fun with Robots”

      Calling Dick Tracy……. Calling Dick Tracy…… 🙂

  20. On January 8, 2017 at 5:27 am,
    CFS says:

    Bill Holter on USAWatch dog today:

    https://www.youtube.com/watch?v=k6M8gRBRziU

  21. On January 8, 2017 at 9:17 am,
    Pete says:
    • On January 8, 2017 at 2:37 pm,
      Excelsior says:

      Thanks Pete – That’s an interesting GDX chart.

  22. On January 8, 2017 at 9:18 am,
    Pete says:
  23. On January 8, 2017 at 12:02 pm,
    Matthew says:
  24. On January 8, 2017 at 12:11 pm,
    Excelsior says:

    Gold Stocks Shine in 2017
    Adam Hamilton – Jan 06, 2017

    http://www.321gold.com/editorials/hamilton/hamilton010617.html

  25. On January 8, 2017 at 12:21 pm,
    Matthew says:

    Next fork resistance for gold is about 1207 tomorrow (and 1204 by Friday)…

    http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=3&dy=0&id=p32913161481&a=498192774

  26. On January 8, 2017 at 12:35 pm,
    Pete says:

    Thanks guys,for the charts and videos

  27. On January 8, 2017 at 12:42 pm,
    CFS says:

    Consumer Electonics Show:

    The car of the future, today:
    https://youtu.be/x_zF8chBKTs

  28. On January 8, 2017 at 12:44 pm,
    Excelsior says:

    Why I’m About to Make One of the Biggest Bets of My Career (hint Uranium)

    Marin Katusa – JANUARY 6, 2017 – Prepare to Profit Series:

    “Publisher’s note: Last month, we mentioned the uranium market is sizing up to be a huge investment opportunity soon. That’s why it’s critical to know how the uranium market works… and why it could make you a lot of money over the next few years. Below, you’ll find our first installment in our “prepare to profit” series on uranium…”

    https://katusaresearch.com/prepare-profit-series-im-make-one-biggest-bets-career/

    • On January 8, 2017 at 12:50 pm,
      Excelsior says:

      Here’s a passage from that article from Marin Katusa:

      “Nuclear Power 101”

      “The average citizen’s knowledge of nuclear power comes from disaster movies or soundbites about accidents like Japan and Chernobyl. It’s easy to paint nuclear energy as the boogeyman.

      The reality is that nuclear energy has provided – and continues to provide – the world with stupendous amounts of clean, safe, emission-free electric power. Coal, which is also used to generate electricity, has killed far, far more people than uranium.

      The average citizen also doesn’t know nuclear power’s vital role in the American economy. America gets 19.5% of its electricity from nuclear power. It powers about 23 million homes, or about twice the amount of homes in California. Without nuclear power, the lights would go off for many Americans.

      Below is the breakdown of the major types of energy produced in the United States. You can see that nuclear is one of the top three.

      us-electricity-generation-by-source-katusa-research-010617

      Nuclear energy is responsible for about 10% of global electricity production. If the world wants to cut carbon emissions and keep the lights on, nuclear energy’s share of production has to grow.

      Nuclear energy provides “base load” power. Base load power is consistent, dependable power. It’s always there and always on. It is the foundation of a healthy electric power grid. Base load power is in contrast to power derived from solar and wind, which can fail to produce power during the night (in the case of solar) and during periods of calm (in the case of wind).

      There are over a dozen radioactive elements, but uranium is far and away the best fuel for nuclear reactors. It offers the best combination of supply, ease of use, and ease of disposal.

      Naturally-occurring uranium is not concentrated enough to be useful in today’s nuclear power plants and weapons. It must be “enriched,” which can happen through various processes. The most common enrichment process is with “centrifuges,” a term you’ve probably heard a TV talking head mention when talking about Iran’s nuclear program.

      The energy content of uranium is approximately 3 million times greater than that of fossil fuels. To put it in perspective, realize that one tenth of an ounce of uranium contains the equivalent energy of 6,613,868 pounds of coal. If you’re a country with little fossil fuel resources like South Korea or Japan and you want safe, secure energy to keep your economy running, nothing beats uranium.”

  29. On January 8, 2017 at 12:56 pm,
    Matthew says:

    The Fibonacci Time Zone tool nailed the low for gold a few weeks ago…

    http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=2&mn=7&dy=0&id=p38857021609&a=493344771

  30. On January 8, 2017 at 1:09 pm,
    Pete says:

    Matthew,
    If you dont mind,could you comment on the technical picture of EFR.TO ?

    • On January 8, 2017 at 1:35 pm,
      Matthew says:

      It looks pretty great, Pete. I should have accumulated it after you brought it to my attention in late September.

      http://stockcharts.com/h-sc/ui?s=EFR.TO&p=W&yr=3&mn=3&dy=22&id=p92319901944&a=478585300

    • On January 8, 2017 at 1:42 pm,
      Excelsior says:

      EFR is filling the gap, and Energy Fuels is one of the most solid Uranium companies, so if the general Uranium mining sector is lifting off as Uranium spot pricing has risen from $18 to $21-$22, just imagine what will happen when Uranium is more properly priced in the $40-$60 🙂

      http://stockcharts.com/h-sc/ui?s=EFR.TO&p=D&yr=1&mn=0&dy=0&id=p34798790588

      • On January 8, 2017 at 1:46 pm,
        Excelsior says:

        You’ll see that the 200 day EMA has been resistance over the last year, so a pullback from current levels wouldn’t be surprising, but continued closes above it would be quite bullish. If the 50 day EMA was to break through the 200 day, that would be nice as well.

    • On January 8, 2017 at 1:46 pm,
      CFS says:

      I own UUUU, Pete, and it stalled at the 200 day moving average.

      UUUU has control over EFR.TO because of higher volume.

      However, because of the recent increase in volume (more noticeable on the Amex) it should not take very long before it continues its upward trend.

      • On January 8, 2017 at 1:50 pm,
        Excelsior says:

        Agreed. UUUU is the primary ticker, but both get decent volume.

        Once again CFS we’re on the same page with 200 day MA (I used the 200 day EMA)

        • On January 8, 2017 at 1:55 pm,
          CFS says:

          Matthew, you are a much better technical analyst than I.
          I am strictly fundamentals combined with a bit of volume and momentum.

          • On January 8, 2017 at 2:03 pm,
            Matthew says:

            When you find what works, why complicate things? Even my methods are relatively simple.

      • On January 8, 2017 at 2:06 pm,
        Pete says:

        Thanks, CFS and Excelsior,much appreciated.

        • On January 8, 2017 at 2:31 pm,
          Excelsior says:

          It’s always fun discuss the energy sector. I’ve been a big fan of Energy Fuels (and they’ve acquired 3 other smaller companies I held over the years, so I know they have a number of prior flagship assets under their belt), but that Sept drop (on the financing news/gloomy shareholder letter last year) stung a bit. I’m back above water finally after averaging down hard in October, but longer term I’m in them for many multiples higher than where things are trading today.

          Here is a link to the Energy Fuels room at ceo for anyone interested in company chatter, charts, news, and investors pontificating on the company:

          https://www.ceo.ca/efr

  31. On January 8, 2017 at 1:38 pm,
    Matthew says:

    Gold has perfectly back-tested the downtrend resistance (now support) that it broke out of in February, 2016…

    http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=3&mn=11&dy=22&id=p04715980077&a=451259276

  32. On January 8, 2017 at 1:57 pm,
    Matthew says:

    Tim Wood thinks the 9 year cycle low for gold is still ahead, but I doubt it. I respect his work but it looks to me like the relentless selling and 7 straight weeks of declines have probably exhausted the sellers ahead of schedule.

    http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=5&dy=14&id=p01107429298&a=411098748

  33. On January 8, 2017 at 2:16 pm,
    Matthew says:
    • On January 8, 2017 at 2:26 pm,
      Matthew says:
      • On January 8, 2017 at 2:30 pm,
        Matthew says:

        Btw, notice that the 600 week MA was thoroughly tested a year ago and was not taken out on a weekly closing basis and has now been successfully retested in back-to-back weeks.

        • On January 8, 2017 at 2:32 pm,
          Matthew says:

          Secular bull “deniers” should note that that long term MA is pointing up and is rising at about 6.6% per year.

          • On January 8, 2017 at 2:40 pm,
            Matthew says:

            It has been almost 14 years since the market last offered the opportunity to buy gold at the 600 week moving average.

  34. On January 8, 2017 at 3:26 pm,
    Tad says:

    Great weekend show guys… lots to listen to. Thanks.

  35. On January 8, 2017 at 4:14 pm,
    Matthew says:

    Pullbacks in the miners are definitely buying opportunities, in my opinion.

    http://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=1&mn=3&dy=0&id=p45898633733&a=471378913

  36. On January 8, 2017 at 4:38 pm,
    CFS says:

    London Monay am numbers indicating a good start to gold in coming week.

    Latest Kieth Neumeyer:
    https://www.youtube.com/watch?v=zUrXIn8cdto

    • On January 9, 2017 at 12:08 am,
      CFS says:

      SGE prices looked good until the RMB started going down today!

      • On January 9, 2017 at 12:10 am,
        CFS says:

        However, demand for PT and Pd strong; both up about $7

  37. On January 8, 2017 at 9:37 pm,
    CFS says:

    According to the Wall Street Journal.

    Chronic pain is something that nearly 25 million adult Americans suffer from on a daily basis. Add severe pain to that figure, and now you’re talking upwards of 50 million adults in the US. Many of these tens of millions have no place to turn but to addictive opiates, a last—but only—line of resort for those who are looking to return to some semblance of a normal, functional life. Now think of what it would mean for that opiate market to be totally upended by a powerful but safe alternative. It could saves lives and families.

    Pain relief is one of the biggest and broadest ongoing medical challenges of our time, and it’s a problem that’s led to unprecedented opiate addiction. But new science now offers a way out through the use of cannabosides that could replace dangerous opiates for pain relief.

    The breakthrough, pioneered by Vitality Biopharma (OTCQB:VBIO), discovered a safe treatment for neurological and inflammatory disorders through a process originally used in the natural sweeteners industry. But as is often the case, an additional purpose was found for this process—a purpose with an even larger market. Vitality soon discovered that it could also use this same process to create an alternative to addictive opiate pain relief — essentially upending the entire $17 billion opiate prescription market.
    NOT INVESTMENT ADVICE.

    • On January 9, 2017 at 6:22 am,
      Robert Moriarty says:

      Morphine was invented to help cure opium addiction. Heroin was invented to help cure morphine addiction and methadone was invented by the Germans to replace the heroin they had no access to during the war. Each invention created its own set of problems.

    • On January 9, 2017 at 7:38 am,
      GH says:

      Strains of cannabis high in cannibidiol (CBD) and low in THC sound very interesting in this regard. Also for anxiety, in place of the highly damaging SSRI and related drugs.

      https://www.youtube.com/watch?v=Es5JFpmRZ04

      • On January 9, 2017 at 7:39 am,
        GH says:
      • On January 9, 2017 at 7:51 am,
        GH says:

        And, of course, simple, natural anti-inflammatory approaches are always the place to start:

        minimize consumption of sugar, eliminate high fructose corn syrup and artificial sweeteners

        minimize consumption of toxic cooking oils like soy, corn, canola (see Mary Enig, Know Your Fats)

        minimize consumption of processed food filled with chemical additives

        use natural anti-inflammatories like ginger and curcumin (turmeric)

  38. On January 8, 2017 at 11:51 pm,
    Excelsior says:

    Gold Stocks Leading but Approaching Trump Resistance Levels

    01/09/2017 | Jordan Roy-Byrne CMT, MFTA

    https://thedailygold.com/gold-stocks-leading-approaching-trump-resistance-levels/#

  39. On January 9, 2017 at 4:16 am,
    CFS says:

    APNewsBreak: US Energy Boss Lauds Opening Of Nuke Repository
    By SUSAN MONTOYA BRYAN – Associated Press – 1 hour ago
    ALBUQUERQUE, N.M. (AP) — It was the determination of workers over nearly three years and pure ingenuity that allowed the nation’s only underground repository for low-level nuclear waste to recover from a radiation release, the head of the U.S. Energy Department said.

    Energy Secretary Ernest Moniz told The Associated Press that resuming work at the Waste Isolation Pilot Plant in southern New Mexico means the nation’s multibillion-dollar cleanup of waste from decades of bomb-making and nuclear research is one step closer to getting back on track.

    “We are very, very excited about getting at least a resumption of operations,” he said during an interview late Sunday. “I do want to caution we will not be at full speed yet for a few years.”

    Moniz, Gov. Susana Martinez, members of the state’s congressional delegation and others were gathering Monday to mark the reopening of the site.

    The repository was shuttered in February 2014 after a chemical reaction inside a drum of inappropriately packed waste caused the lid to burst, contaminating some of the disposal vaults, corridors and air shafts that make up the facility.

    The facility is carved out of an ancient salt formation about a half-mile below the desert surface, with the idea that eventually the shifting salt will entomb the waste.

    Moniz acknowledged that the closure has caused a backlog of radioactive waste to build up at sites around the country — from northern New Mexico’s Los Alamos National Laboratory, the birthplace of the atomic bomb, to the Savannah River Site in South Carolina, where the basic materials used to fabricate nuclear weapons were produced.

    The secretary said he’s hopeful shipments from some of the sites can resume later this year.

    Aside from stalling shipments for nearly three years, the radiation release at the repository prompted an intense investigation that revealed the incident could have been avoided had existing policies been followed. Investigators highlighted lapses in management and oversight, and the Waste Isolation Pilot Plant and Los Alamos lab — where the drum was packed — were cited for numerous permit violations.

    • On January 9, 2017 at 7:17 am,
      Excelsior says:

      Wolfster – I didn’t see you on the Gwen Preston editorial last week regarding Zinc, but there were a number of companies discussed on that blog that you may be interested in.

      Cheers!

      • On January 9, 2017 at 7:18 am,
        Excelsior says:

        Here’s a link to that blog for easy reference:

        http://www.kereport.com/2017/01/06/insights-zinc-seasonality-time-year/

        • On January 9, 2017 at 8:20 am,
          Wolfster says:

          Thanks Ex. Been extra busy after holidays. Yes I see tk showing signs of life along with a few others. Hope to get back into things 2017 starting off great. Auryn news today was sweet. 😊😊😊

          • On January 9, 2017 at 3:54 pm,
            Excelsior says:

            Yes sir. I’ve added a bit to Tinka last week and saw that news on Auryn. Very nice.

  40. On January 9, 2017 at 7:16 am,
    Excelsior says:

    This was an interesting (and long) reference guide with many commonly used phrases and explanations of different parts of the Exploration/Discovery, Development, and Production process for mining companies. I thought some investors may like to save it for future reference.

    How to Make Money Investing In Junior Resource Stocks

    http://www.nextminingboom.com/wp-content/uploads/sites/9/2013/04/How-to-Make-Money-Investing-in-Junior-Resource-Stocks.pdf

Share Your Thoughts:

Name (required):
Email (required):
Comment:
All comments must comply with our Terms of Use.