Market Wrap – Mon 13 Feb, 2017

Big Al and Chris opine on Today’s Market Close

How long will the U.S. Equities Markets continue to raise?

Click download link to listen on this device: Download Show

Al KorelinChris Temple

  1. On February 13, 2017 at 3:26 pm,
    Silverdollar says:

    In speaking of your personal investments, I couldn’t believe I heard you say something to the effect “if you’re in it for the long haul, what does it matter?” The following statement from Hussman is why you may regret holding at these lofty levels although you certainly have the right to: “The S&P 500 didn’t durably break its March 24, 2000 high of 1527.46 until March 5, 2013. I expect the completion of the current cycle will not only revisit that level on the S&P 500, but that it will also wipe out the entire total return of the S&P 500 since 2000. Those are the long-term consequences of extreme overvaluation, and they have been throughout history.”
    Here’s the full article: Wish you well.

  2. On February 13, 2017 at 4:43 pm,
    Markedtofuture says:
    • On February 13, 2017 at 5:44 pm,
      OOTB Jerry says:

      Now the games begin…………

  3. On February 13, 2017 at 6:27 pm,
    CFS says:

    Lots of graphs about US economy.

  4. On February 13, 2017 at 6:41 pm,
    CFS says:
  5. On February 13, 2017 at 6:55 pm,
    CFS says:
  6. On February 13, 2017 at 7:17 pm,
    Paul L. says:

    I read somewhere that fewer an fewer stocks are above their 50 day averages as the market rises.

  7. On February 13, 2017 at 7:21 pm,
    CFS says:

    Discussions about the CRIMEX:

  8. On February 13, 2017 at 7:31 pm,
    CFS says:

    The latest Greg Mannarino:

  9. On February 14, 2017 at 12:16 am,
    Excelsior says:

    Nemaska Lithium Achieves Phase 1 Plant Milestone and Triggers $3M Installment Payment from Johnson Matthey Battery Materials
    (Marketwired – Feb. 13, 2017) –

    ” Nemaska Lithium Inc. (TSX:NMX)(OTCQX:NMKEF) announced today that it has received a $3M installment payment from Johnson Matthey Battery Materials Ltd of Candiac, QuĂ©bec, a wholly owned subsidiary of Johnson Matthey Plc (LSE:JMAT). The installment payment was made after JMBM’s review and acceptance of the Operation Manuals for the Phase 1 Plant and receipt by Nemaska Lithium of the certificate of authorization to operate the Phase 1 Plant.

    The existing agreement between JMBM and Nemaska Lithium, announced on May 11, 2016, provides for an aggregate $12M advance payment for goods and services. The final $3M milestone installment will be payable by JMBM following receipt of battery grade lithium hydroxide from Nemaska Lithium.

    Commenting, Neil Collins, Managing Director of Johnson Matthey’s global Battery Materials business said: “We continue to closely monitor the construction and commissioning of the Phase 1 Plant through our active participation on the Steering Committee and are looking forward to receiving the first samples.”

    • On February 14, 2017 at 12:18 am,
      Excelsior says:

      Good Lithium Americas Corp chart from Goldfinger:

      @Goldfinger – “Beautiful breakout on thick volume in $LAC: Lots of upside potential here, first target C$1.20 then C$1.60 then all-time high up at C$2.49. $lithium ”

      • On February 14, 2017 at 12:20 am,
        Excelsior says:

        A different constructive chart on Lithium Americas Corp today from Pamplona Trader:

        @PamplonaTrader – “$LAC Lithium Americas Corp last tick $1.09, new 2017 high #lithium #breakout”

        • On February 14, 2017 at 12:23 am,
          Excelsior says:

          A third chart on Lithium Americas Corp from Ylr:

          @ylr – “Another surprise was $LAC, nice MACD cross, broke the red trend line. Now working it’s way back to $1.15”

  10. On February 14, 2017 at 12:30 am,
    Excelsior says:
  11. On February 14, 2017 at 12:37 am,
    Excelsior says:

    Rick Rule, President and CEO of Sprott U.S. Holdings Inc.
    The Next Bull Market Move Interview – @bullmarketmove

    “…specific Uranium companies, the Uranium sector, and the biggest lesson Rick learnt from his early days as an investor.”

  12. On February 14, 2017 at 12:43 am,
    Excelsior says:

    McEwen Mining keeps growing, buys exploration junior Lexam VG
    Cecilia Jamasmie | about 22 hours ago

    • On February 14, 2017 at 12:44 am,
      Excelsior says:

      Brian – if you’re still out there – we had postulated this would happen in 2017, and now it has…

      • On February 14, 2017 at 12:55 am,
        Excelsior says:

        Next up on the McEwen acquisition tour will likely be Pure Gold or Monarques Gold:

        * Pure Gold stock ownership: (actually AngloGold Ashanti may acquire this one)

        –> Strategic Shareholders
        AngloGold Ashanti – 22.4%
        Evanachan Ltd. (Robert McEwen) – 10.4%
        Institutional Shareholders – 15.7%

        ** Monarques Gold

        – May 2016: $3 million institutional investment by by Rob McEwen (Evanachan Limited) and Greg Chamandy (Oxbridge Groupe Inc.)

  13. On February 14, 2017 at 1:00 am,
    Excelsior says:

    Callinex Mines – January 2017 Corporate Presentation:

    • On February 14, 2017 at 1:07 am,
      Excelsior says:

      Callinex crashed and burned earlier this year to present when they put out a few disappointing holes at one of their properties. It really looks like the market over-reacted to the downside, just because of one drill campaign. The valuation looks much better now, and if you pull up a chart you’ll notice this stock has a habit of launching up steeply and then falling back down, and then launching up, and then falling down. Is it time for another launch soon?

      Callinex has a bunch of Zinc/Gold/Silver/Lead/Copper resources already defined and multiple properties in play. The good news is that they have upcoming drilling for 2017 that could easily give this explorer a power boost on a good hole or two. I’ve got a small starter position going, but am thinking of adding more while it’s bombed out. Jayant Bhandari is on the advisory board.

      Anyone else following Callinex?

      • On February 14, 2017 at 4:10 am,
        wolfster says:

        Yes still with callinex..agree it oversold on news of just 1 drill hole that they hoped would mean they had a huge deposit now back to defining area where they know the goods are

        • On February 14, 2017 at 6:45 am,
          Excelsior says:

          Hey Wolfster – I couldn’t remember if you followed Callinex or not, but yes agreed.

          They have a good idea of where the goods already are, and they were only drilling some more prospective outlying holes last time to go looking for new discoveries. The market will come back around this year once they refocus on how much good exploration work already has been done and as they do more definition drilling.

          It’s going to be a fun year in the Zinc space.

  14. On February 14, 2017 at 1:12 am,
    Excelsior says:

    Another Zinc/Copper company I’ve been chipping away at is Heron Resources.

    Anyone else following Heron?

    • On February 14, 2017 at 1:15 am,
      Excelsior says:

      My clear favorite Zinc company of 2017 has been Tinka Resources. What a ride….

      They put out some news this week that got some real interest going. It’s drill time:

      Tinka Receives Approval To Initiate Drilling Activities At Ayawilca Zinc Project, Mobilizes First Drill Rig
      February 10th, 2017

      • On February 14, 2017 at 1:17 am,
        Excelsior says:

        Well, actually that was the end of last week, but awareness really hit over the weekend and this week.

        BTW – Nothing says Valentines Day like buying your sweetie a Zinc Stock!

        • On February 14, 2017 at 1:22 am,
          Excelsior says:

          On second thought, wait for a pullback, and get your sweetie chocolates & wine instead.

      • On February 14, 2017 at 4:11 am,
        wolfster says:

        This is playing out nicely….now the drills will be turning and the real fun begins….or so we hope

        • On February 14, 2017 at 6:41 am,
          Excelsior says:

          Yes, the truth machine will tell the real story, but many geologists seem to like this story and are pretty excited. Even Otto was positive. It’s about to get real interesting.

          • On February 14, 2017 at 6:47 am,
            Excelsior says:

            The Tinka room has been pretty lively the last few weeks:


  15. On February 14, 2017 at 7:20 am,
    Excelsior says:

    Electric car boom spurs investor scramble for Cobalt
    Tue Feb 14, 2017

  16. On February 14, 2017 at 7:47 am,
    Excelsior says:

    $UEX $UEXCF Best Ever Christie Lake Hole Returns 22.81% U3O8 over 8.60 m
    February 14th, 2017 #Uranium #Exploration

    * Highlights

    – Discovery Hole CB-109 returned a composite assay grade of 22.81% U3O8 over 8.60 m from 475.1 to 483.7 m, by far the highest grade hole ever drilled on the Christie Lake Project
    – Follow-up hole CB-110A has successfully expanded the new high-grade zone 20 m along strike to the northeast and intersected 6.29% eU3O8 over 7.40 m from 471.85 to 479.25 m
    – This new zone has been named the ĹŚrora Zone and remains open for expansion in all directions
    – Hole CB-108A intersected 3.25% eU3O8 over 6.70 m from 599.75 to 606.45 m and CB-108A-1 returned 3.35% eU3O8 over 10.63 m from 592.09 to 602.72 m. These two holes expand the high-grade area surrounding CB-102 within the Paul Bay Deposit”