An outlook for this week
I hope everyone has a relaxing Martin Luther King Jr Day. After finally a good NFL playoff game yesterday with the Packers taking down the Cowboys we have a day where the US markets are closed and we can look ahead to this week. A couple quick comments to get us going.
Click download link to listen on this device: Download Show
Yahnnis Varufakis is the most astute economist on the 2008-rolling Greek/Euro and global financial crisis out there. He knows the endgame and says if Germany continues its exported austerity path on Southern Europe they will be the one in the end who will be hurt by the E.U’s zone’s implosion. It is truly amazing how long this can-kicking exercise has gone on!
CFS….Great interview! I wish there were more level headed conversations out there….especially on this site. Thanks.
The price of Super Bowl tickets in Houston plunged 20% after the Cowboys lost. Now the nosebleed seats are just $3350. Is this a good buy, Doc, or will they drop more?
BB, for that great price you probably get to sit behind a post in the last row of the upper deck.
There has been a revolution in how mankind believes the brain and mind work:
Excelsior – just wanted to thank you for what you posted over the weekend re uranium. I had a good read through it but am going to have to go back and digest it again.
Just wanted to thank you for taking the time to write what you did.
Bob UK – Always glad to share some ideas on the Uranium Sector. A number of other contributors weighed in with different articles, charts and perspectives, so it became a fun thread indeed.
A jolly good weekend show!
Other good thoughts, articles, charts, videos, and commentary on the Uranium:
Long term dollar top in?
https://likesmoneycycletrading.wordpress.com/2017/01/15/gold-train/
I think so.
Horizontal resistance, bearish divergence between price and indicators, indicators rolling over:
http://stockcharts.com/h-sc/ui?s=%24USD&p=W&st=1980-01-01&en=today&id=p22868368419&a=499882067
False breakout of fibonacci arc resistance:
http://stockcharts.com/h-sc/ui?s=%24USD&p=W&st=1980-01-01&en=2017-01-16&id=p14629510630&a=499883318
Lots of resistance from major speed lines (blue), fibonacci fans (black and green), and pitchfork (pink):
http://stockcharts.com/h-sc/ui?s=%24USD&p=W&st=1980-01-01&en=today&id=p87444926102&a=499884778
GH:
The sentiment on the US Dollar Index peaked at 95% on Dec 15th, the same day that gold went to its low. I think you have it right.
Good to know, thanks Robert.
Mining Week in Vancouver Jan 20-26
by @racker on January 16, 2017
“It all starts this Friday, Saturday with the Metals Investor Forum #MIF, where newsletter writers introduce their favourite CEOs to subscribers, for a fee… John Kaiser, Joe Mazumdar, Eric Coffin, Jordan Roy-Byrne, Gwen Preston and Jay Taylor are hosting.
Sunday, Monday it’s the Cambridge House and Katusa Research Vancouver Resource Investment Conference #VRIC17. Like Wrestlemania for mining penny stocks, this event is a promotion focused show with a massive lineup of exhibitors and speakers including Frank Giustra, Jonathan Goodman, Rick Rule, Frank Holmes, Nick Hodge, James Kwantes, Nolan Watson, Clive Johnson and more.
CEO.CA founder Tommy Humphreys is hosting a Workshop on Sunday, January 22nd – 1:00 – 1:20 PM – Workshop 3.
Next Monday- Thursday it’s the Association of Mineral Exploration in B.C. #Roundup17. The biggest and most credible mining show in Western Canada, Roundup has a technical focus. Speakers include Don Lindsay, David Garofalo, Terry Macgibbon, Neil Adshead and more…”
https://www.ceo.ca/@racker/mining-week-in-vancouver-jan-20-26
2016 in review
Sprott’s Thoughts | about 5 hours ago
Martlin L . day……and there was still trash pick up today.
Talk about trash. Jocks with to much money, talking trash to the officials.
The circus, in town will be no more, or at least the 140 yrs of animal abuse will be history in March of this year , Ringling Brothers , bye, bye. But, the real circus is in DC., where the elephants will be jumping through rings of fire to legislate a new beginning.
I see on Zerohedge 8 men own more than 50% of the world’s wealth, they had a dream. These men mostly gained wealth in a real short time period…..of monopoly…and still want more. They figured out how to steal directly through the govt…..Warren, Gates…
Now , how about kick backs to Bozo THe clown Bezo….who just got Obama’s approval to use SNAP cards for Amazon purchases. Do they sell food on Amazon, Oh well what a dream……….Just ranting for the day.
Amazon sells a lot of things, good prices and so convenient!
But they need boycotting.
Bezos = jerk.
Dont no if you can blame them for wanting more jerry.
its human nature.
Its a rare person that knows they have enough.
Most people are after more, look at these “successful” investors here, they have what they imply is large sums, they could forget concerns and live the rest of their lives in luxury, but they are after more, its just human nature, no matter how much we have.
Those 8 people had the opportunity and are just smart enough to end up with 50% of the worlds wealth. How many people wouldnt if they could?
So I dont no if “blame” is really fair
I am not sure i am blaming them , … The method of which they acquired such wealth may be a question. I think a few of these successful investor had a great advantage , with the assistance of govt…..
Does b = blurry?
On the one hand you condemn the international violence, and on the other hand you rationalize it?
New Video Exposes Anti-Trump Groups Plotting Criminal Acts To Disrupt Inauguration
In the latest undercover video from Project Veritas, investigators uncovered a group of protesters known as the DC Anti-fascist Coalition plotting to disrupt President-Elect Donald Trump’s inauguration by deploying butyric acid (aka “stink bombs”) at the National Press Club during the Deploraball event scheduled for January 19th.
In a dose of irony, the planning meeting for the attack was held at Comet Ping Pong, the DC pizza restaurant that recently gained infamy as the location of the Pizzagate controversy.
Apparently “Plan A” of the disaffected agitators was to set off “stink bombs” in the ventilation systems of the building hosting the “Deploraball.”
Based on today’s taseko release regarding Florence can we assume excelsior will also surprise us to the upside because projections were under estimated.
http://www.kitco.com/pr/1738/article_01162017080647.pdf
insitu Copper mining….. gotta love it.
Massive VIX Warning for all Traders
by Chris Vermeulen – 13/01/2017
https://www.marketslant.com/articles/massive-vix-warning-all-traders
Gold @ $1216 and Silver at $17.01. A nice start to the trading week if these don’t reverse at the open.
And that’s the big if……..I’ve had too many mornings where I’m getting excited about the day because gold is up nicely.Then I drive into work and the screen is red at work.
True, but I’ve I’ve scanning the news services and there are a number of positive updates for the miners hitting the wires, and it’s going to be the turbulent inauguration week, which may give the precious metals a bid. I agree though, that proof will be in the closing price pudding.
Yep – It was a positive day for sure!
5 Metres At 33 Grams Gold Per Tonne Intersected – (R) (RDEMF)
January 17, 2017 –
“Red Eagle Mining Corporation (TSX: R, BVL: ROTCQX: RDEMF) is pleased to announce results from the 2016 ore production stope delineation drilling programme at the San Ramon Gold Mine…”
http://www.redeaglemining.com/news/details/index.php?&content_id=341
Wesdome Announces 2016 Fourth Quarter and Full Year Production Results; Provides 2017 Guidance
(Marketwired – January 17, 2017) – Wesdome Gold Mines Ltd. (TSX: WDO)
Mariana Resources Ltd : Hot Maden High Grade Gold-Copper Project- PEA Results with a Positive IRR of 153%
by @nasdaq on January 17, 2017
https://www.ceo.ca/@nasdaq/mariana-resources-ltd-hot-maden-high-grade-gold-copper
Richmont Achieves Revised Annual Operational Guidance and
Delivers Record Production
Island Gold Mine Exceeds Revised Annual Operational Guidance
January 17, 2017 – Richmont Mines Inc. (TSX – NYSE MKT: RIC)
https://s21.q4cdn.com/763136974/files/doc_news/2017/jan/ER-2017-01-17-Q4-2016-Production-Results.pdf
Orezone Expands Higher Grade Zone at Bombore
Highlights include 7.4 gpt across 12.5 m with Positive Metallurgical Testwork
Also Strengthens Executive Management Team
(Marketwired – Jan. 17, 2017) – Orezone Gold Corporation (TSX VENTURE:ORE)
NewCastle Gold graduates to TSX and announces its 2017 plan
(Marketwired – January 17, 2017) – NewCastle Gold Ltd. (TSX: NCA)
Roxgold announces production of 77,157 ounces of gold in 2016 and provides 2017 operational outlook
Jan. 17, 2017 /CNW/ – Roxgold Inc. (TSX.V: ROG)
https://www.ceo.ca/@newswire/roxgold-announces-production-of-77157-ounces-of-gold
Coeur to Sell Joaquin Project to Pan American Silver
(BUSINESS WIRE)– “Coeur Mining, Inc. (NYSE: CDE) and Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAA) today announced a definitive agreement under which Pan American will acquire 100% of Coeur’s Joaquin project, located in the Santa Cruz province of southern Argentina.”
IAMGOLD Exceeds Production Target and Expects To Achieve Cost Guidance for 2016; Planned Production to Increase in 2017 with Lower All-In Sustaining Costs
https://www.ceo.ca/@newswire/iamgold-exceeds-production-target-and-expects-to-achieve
Montan Mining Closes Cerro Dorado Acquisition
by @thenewswire on January 17, 2017
“The closing of the Cerro Dorado acquisition is a transformative milestone for Montan Mining as we are now the sole owners of the only permited mineral processing plant in the prolific Atico Valley. The majority of miners in this valley currently truck their mineral hundreds of kilometers to processing plants elsewhere in Peru, so Montan has the advantage of a most strategic location with its fully permitted Cerro Dorado plant. We anticipate Cerro Dorado and its adjoining Rey Salomon mine and claims will comprise a key launch asset moving Montan towards our goal of becoming a regional precious metals producer. We are very excited about the future of the Company given completion of this acquisition, which provides us with a strong springboard for growth,” stated Luis F. Zapata, Executive Chairman of Montan.
Cerro Dorado holds an option and permits to operate the Rey Salomon gold mine with 2 km of underground development, 32 identified veins, and a 60 tonnes per day capacity carbon-in-pulp processing plant currently permitted for up to 100 tonnes per day. The entire mineral property under option by Cerro Dorado is comprised of 4 concessions totalling 1,172 hectares located in the district of Arequipa, province of Caraveli, Peru.”
https://www.ceo.ca/@thenewswire/montan-mining-closes-cerro-dorado-acquisition
Avino Announces Fourth Quarter and Full Year 2016 Production Results from its Avino Property
Jan. 17, 2017 /PRNewswire/ – Avino Silver & Gold Mines Ltd. (ASM: TSX.V, ASM: NYSE)
https://www.ceo.ca/@newswire/avino-announces-fourth-quarter-and-full-year-2016-production
Canadian Lithium Junior is Poised to Become an Industry Disruptor
Posted By Smallcappower – January 12, 2017
Lithium Americas Corp – (LAC) (LACDF)
http://smallcappower.com/expert-articles/canadian-lithium-junior-poised-120117/
Lithium Americas Announces US$174 Million Strategic Investment by Ganfeng Lithium
(Marketwired – Jan. 17, 2017)
“Lithium Americas Corp. (TSX:LAC)(OTCQX:LACDF) is pleased to announce it has signed an investment agreement with GFL International Co., Ltd. for funding to advance the construction of the Cauchari-Olaroz lithium project in Jujuy, Argentina. Pursuant to the Investment Agreement, Ganfeng has agreed to financing terms in an aggregate amount of US$174 million in exchange for 19.9% of the outstanding common shares of Lithium Americas pro-forma; the right to buy a fixed portion of the lithium carbonate production from the Cauchari-Olaroz project; and a US$125 million project debt facility…”
Nemaska Lithium Pursues Drilling to Further Define the Doris Zone
(Marketwired – Jan. 17, 2017)
“Nemaska Lithium Inc. (TSX:NMX)(OTCQX:NMKEF) is pleased to announce that it currently plans a drilling campaign of approximately 4,000 meters with a view to confirming the Eastern extension of the Doris Zone, which was discovered during the campaign completed on November 28, 2016…”
Lithium – the Next Chapter
Jan 17, 2017 – Joe Lowry
$SQM $ALBALLBANC SPLIT BANC CORP II $GXY.AX $ORL $LAC
https://www.linkedin.com/pulse/lithium-next-chapter-joe-lowry
I just went to check this stock out and it is up over 8% on news.
I’ll take it, but was expecting a bit more of a jump in the share price.
Denison Announces Focused CAD$14.5M Exploration and Evaluation Program Budget for 2017
(Marketwired – Jan. 17, 2017) – Denison Mines Corp. (TSX:DML)(NYSE MKT:DNN)
AMERICAS SILVER CORPORATION ANNOUNCES TRADING ON NYSE MKT TO COMMENCE JANUARY 19, 2017
+1
Varufakis on Greek economy:
http://podbay.fm/show/1052842770/e/1484326800?autostart=1