Weekend Show – Sat 8 Apr, 2017

The US Economy and Gold Market Coverage

Click download link to listen on this device: Download Show

This week we had the Fed minutes, job numbers, and a geopolitical event all of which had minimal impact on the markets. The Fed minutes were the most significant for future market and economic moves. We got a little more info on a potential unwinding of the Fed’s balance sheet and the statement from Fed Presidents that stocks are over valued. We continue to see slow and boring markets with the precious metals remaining range bound. All of these topics are discussed in this weekend’s show.

The first hour is dedicated to economic data and the broad averages. The second hour we focus on the gold market and get a couple company updates.

We hope you all have a great weekend and for all the golf fans enjoy the Masters!

  • Segment 1 & 2: Jesse Felder kicks off the first 2 segments of the show. We discuss the Fed minutes and the comment on stocks being over valued. We also look at sectors where Jesse sees value for investors.
  • Segment 3: Trader Vic shares his opinion of how the boring markets is killing hedge funds and forcing more investors into passive investing.
  • Segment 4: We get an update on the Uranium sector from our go to Uranium guy Craig Parry.
  • Segment 5 & 6: Ned Schmidt, Founder of the Value View Gold Report focuses on the gold price and what he think will be the drivers through year end.
  • Segment 7: Aurvista Gold President and CEO Jean Lafleur updates us on the further consolidation of the Douay Gold Project.
  • Segment 8: We get an update on Theralase from Roger White.

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


Comments:
  1. On April 8, 2017 at 3:20 am,
    CFS says:

    Thanks, Guys. I look forward to listening.

  2. On April 8, 2017 at 3:41 am,
    Skeeta says:

    Thanks for the show as always fella’s,
    Much appreciated.
    Cheers

  3. On April 8, 2017 at 6:54 am,
    Dick Tracy says:

    Money managers embrace artificial intelligence, people still regard high tech intelligence as robotic arms in automotive plants. The world has moved way beyond technology that was in use 50 years ago. AI is popping up everywhere and in every application imaginable.
    http://business.financialpost.com/investing/last-days-of-the-stock-picker-as-money-managers-embrace-artificial-intelligence

    • On April 9, 2017 at 1:01 pm,
      Cory says:

      You are right DT. AI has already been implemented in everything around us.

  4. On April 8, 2017 at 7:25 am,
    Matthew says:

    Listen to Ned in segments 5 & 6; he gets it!

    • On April 8, 2017 at 9:49 am,
      Excelsior says:

      Matthew & Dick Tracy – this morning I just added a few more thoughts and a presentation from America Silver (USA) (USAS) [from their European Gold Forum talk this week] to yesterdays Chris Temple blog. You’d probably both enjoy looking through that slide presentation. Very Impressive!

      Here a link back to yesterday’s blog:

      http://www.kereport.com/2017/04/07/key-levels-watch-week/

      • On April 8, 2017 at 9:54 am,
        Excelsior says:

        For clarity the slide deck is further down, below the other Americas Silver post with the Video presentation (which is also a Must Watch presentation). DT further down I wrote to you and posted that link to the new powerpoint at the end of that message.

        • On April 8, 2017 at 1:06 pm,
          Matthew says:

          Thank you, Ex.

          • On April 8, 2017 at 2:18 pm,
            Excelsior says:

            Here’s the video presentation for easy reference. I just watched it a second time to further absorb the plan with San Rafael.

            (the strategy for Mexico moving forward starts around the 11 minute mark, and it makes all the sense in the world).

            http://www.europeangoldforum.org/egf17/company-webcast/USA:CN/

          • On April 8, 2017 at 5:03 pm,
            Matthew says:

            Thanks. I liked that U.S. retail investors hold just 12% of the company (compared with 70% of First Majestic).

            The company has a lot going for it when compared with most of its peers.

          • On April 8, 2017 at 11:06 pm,
            Excelsior says:

            Yes, it will be interesting to see where this goes when the retail investors do finally get engaged. Having the NYSE listing should be a boon to attract the larger US investor base when more people wake up to the PM mining sector as the bull market unfolds later in the year and into next year.

    • On April 8, 2017 at 9:55 am,
      Excelsior says:

      BTW – I do enjoy listening to Neds insights and think he’s a great guest to have visit the KER.

      • On April 9, 2017 at 1:04 pm,
        Cory says:

        I’m glad you guys like hearing form Ned. He is always enjoyable to chat with. I personally appreciate that he follows gold and agriculture.

        • On April 9, 2017 at 8:44 pm,
          Excelsior says:

          It was also good to hear Craig Parry’s review of the Uranium sector, and to hear him put more color on the longer term sales contracts and where he sees things heading moving forward.

    • On April 9, 2017 at 12:23 pm,
      JMiller says:

      Too bad though that Ned Schmidt recommends holding gold coins in a safe deposit box. Safe deposit boxes are not always accessible especially in times of a crisis.

  5. On April 8, 2017 at 7:41 am,
    Matthew says:

    It’s ok with me that the SLV-GLD ratio pulled back sharply to fill the daily and weekly chart gap up of 3/27. It still managed to close above the 20 day MA and fork support:

    http://stockcharts.com/h-sc/ui?s=SLV%3AGLD&p=D&yr=1&mn=1&dy=7&id=p45055353236

  6. On April 8, 2017 at 7:57 am,
    Matthew says:

    PPP closed above an important fork resistance for the first time in six weeks…

    http://stockcharts.com/h-sc/ui?s=PPP&p=D&yr=0&mn=7&dy=13&id=p70930939728&a=507178767

  7. On April 8, 2017 at 8:20 am,
    Matthew says:

    For the first time since last July (about 9 months), silver has closed above the 200 week MA for two back-to-back weeks.

    Those who doubt the new bull market generally don’t understand what they are looking at.

    http://stockcharts.com/h-sc/ui?s=%24SILVER&p=W&yr=2&mn=7&dy=13&id=p55392747671&a=517251331

    • On April 8, 2017 at 10:45 am,
      OOTB Jerry says:

      thanks….Hope we get a pop to $21 in May……

  8. On April 8, 2017 at 8:35 am,
    CFS says:

    I wonder how discussion there was about gold mining.

    ANCHORAGE, Alaska (AP) — Chinese President Xi Jinping was able to take in views Friday night of the natural beauty that Alaska has to offer. The state’s governor hopes this will lead to an increased appetite in the world’s most populous nation for more natural resources from Alaska.

    Xi requested time with Gov. Bill Walker Friday night as the Chinese delegation’s plane made a refueling stop in Alaska’s largest city following meetings with President Donald Trump in Florida. His wife and the Chinese delegation stepped off the Boeing 747 and were greeted by Walker, his wife and several dignitaries.

    Later, the two men spoke briefly to reporters before a business meeting, in which Walker touted the state’s abundant natural resources: oil, fish, air cargo, mineral resources industries.

  9. On April 8, 2017 at 8:46 am,
    Silverdollar says:

    Cory:
    Great show. Segments 1-6 are worth listening to a couple times.
    Ned Schmidt sounds like he could be the neighbor next door, as honest as they come. He concentrates on items in the markets that many don’t. ie. margin debt. Here are some charts on that subject: http://www.bing.com/images/search?q=current+margin+debt+chart&qpvt=current+margin+debt+chart&qpvt=current+margin+debt+chart&qpvt=current+margin+debt+chart&FORM=IGRE
    When listening to Ned, I’m reminded of the old sayin: He sounds like a Christian with four aces in his hand. I wouldn’t bet against him!

    • On April 8, 2017 at 6:00 pm,
      CFS says:

      I agree, silverdollar. Especially seg. 6.
      I read somewhere that margin debt now stands at about $540 Billion.
      Just think what will happen if we have a 10% correction.
      I can see margin calls starting a sales stampede, as selling prodces lower prices, which produces more selling…..that is a terribly reinforcing feedback loop to oblivion.

    • On April 9, 2017 at 1:14 pm,
      Cory says:

      Thanks SD! Please also listen to our sponsor companies. I have made sure that we only over stocks that I think have a chance to either discover a nice deposit or have already a nice deposit and are building on it. Remember these companies are the reason why we can keep providing all this content for free 🙂

      As for margin debt isn’t it crazy that we never learn our lesson… Debt is a scary thing especially when it is used to buy paper assets that provide no economic value.

      • On April 9, 2017 at 9:52 pm,
        Big Al says:

        I have to second what Cory is saying about only discussing “quality” companies. He is a real stickler about that and I certainly qpplaud him.

  10. On April 8, 2017 at 10:25 am,
    CFS says:
    • On April 8, 2017 at 12:48 pm,
      Excelsior says:

      Thanks CFS – Good macro overview, and I agree that mining equities are under appreciated (even in the context of last year’s initial pop).

  11. On April 8, 2017 at 11:22 am,
    Markedtofuture says:

    Stateside Report Podcast – April 8, 2017

    In this episode of the Stateside Report Podcast we take a look back at the week in gold, base metals and the stocks, we do a deep dive into a junior explorer who is searching for the elusive Sullivan II and may be onto something and finally we wrap up with press releases from the following companies: Highway 50 Gold HWY, Tinka Resources TK, Benton Resources BEX, Rise Resources UPP, Engold Mines EGM, Cornerstone Capital CGP, Barsele Minerals BME, GT Gold GTT, Arizona Silver Exploration AZS, Pancontinental Gold PUC, Osisko Mining OSK, Alexandria Minerals AZX, Barrick Gold ABX and Cartier Resources ECR. We talk gold, silver, copper, lead, zinc, uranium, oil and platinum.

    http://statesidereport.com/

  12. On April 8, 2017 at 3:47 pm,
    BDC says:

    Another Gap Play: War fears spurt Gold!
    http://www.trendlinemagic.com/2017/04/another-gap-play.html
    This time a short via JDST.

  13. On April 9, 2017 at 7:33 am,
    Matthew says:

    GOEX is at speed line resistance:

    http://stockcharts.com/h-sc/ui?s=GOEX&p=W&yr=5&mn=0&dy=0&id=p50759679018&a=517380280

    The big picture remains fantastic looking but, in the short term, things could go either way.

  14. On April 9, 2017 at 7:59 am,
    Matthew says:

    I think gold is more likely to break out next week than to fall apart and that should send the miners sharply higher. it’s far from a done-deal but the odds are decent.

    http://stockcharts.com/h-sc/ui?s=GLD&p=W&yr=5&mn=3&dy=0&id=p92997290064&a=517381906

    • On April 9, 2017 at 1:17 pm,
      Cory says:

      I hope you’re right Matthew. I am still waiting for gold to make a break one way or another.

  15. On April 9, 2017 at 10:39 am,
    Excelsior says:

    (TGZ) (TGCDF) Teranga Gold – Video Corporate Presentation
    April 5, 2017 – Zurich, Switzerland – European Gold Forum

    http://www.europeangoldforum.org/egf17/company-webcast/TGZ:CN/

    • On April 9, 2017 at 10:44 am,
      Excelsior says:

      (MLN) (MLNGF) Marlin Gold Mining Ltd. – Video Corporate Presentation
      April 4, 2017 – Zurich, Switzerland – European Gold Forum

      http://www.europeangoldforum.org/egf17/company-webcast/MLN:CN/

      • On April 9, 2017 at 10:46 am,
        Excelsior says:

        Mandalay Resources Corp. – Video Corporate Presentation
        April 5, 2017 – Zurich, Switzerland – European Gold Forum

        http://www.europeangoldforum.org/egf17/company-webcast/MND:CN/

        • On April 9, 2017 at 10:48 am,
          Excelsior says:

          (AR) (ARNGF) Argonaut Gold – Video Corporate Presentation
          April 5, 2017 – – Zurich, Switzerland – European Gold Forum

          http://www.europeangoldforum.org/egf17/company-webcast/AR:CN/

          • On April 9, 2017 at 11:12 am,
            Excelsior says:

            There are actually a ton of amazing Corporate presentations from the European Gold Forum that just happened last week. I’ve been camped out on their site much of the weekend (and had posted a number of Silver presentations on Friday’s KER blog).

            This is a great way to catch up on a company you like, pick up on passing comments they make or questions that corporate officers answer (not found in the slide decks), and also a great way to get a quick snapshot of companies you want to know more about.

            It’s definitely worth the time to go check out a few of these presentations if you are investing in Gold & Silver miners:

            http://www.europeangoldforum.org/egf17/egf17-webcast/company-webcasts-alphabetical/

          • On April 9, 2017 at 11:13 am,
            Excelsior says:

            > juck click on the “Webcast” link for the Video on each company.

      • On April 10, 2017 at 12:10 am,
        Excelsior says:

        In reference to the La Cigarra Silver project that Kootenay Silver is operating, it looks like a pretty interesting asset, and Marlin Gold has a Net Smelter Royalty on it.

        Here are some of the details from the Marlin Gold Corporate Presentation:

        1% NSR – LA CIGARRA SILVER PROJECT (CHIHUAHA, MEXICO)

        > Marlin owns a 1% NSR on the on Parral 1 and Parral 2 claims, which surround
        the main claims that host La Cigarra project
        > Kootenay Silver Inc., the current operator of the La Cigarra project,
        acquired a 2.5% NSR on the main La Cigarra claims for the equivalent of $2.5
        million from Coeur Capital on March 29, 2016
        > Pan American Silver, Couer Mining and Agnico-Eagle Mines are shareholders of
        Kootenay Silver (Source: NI 43-101 La Cigarra Technical Report – February 27, 2015.)
        > In August 2015, Northair Silver Corp., Kootenay’s predecessor, dropped the option agreement on Parral 1. The Parral 1 concession was returned to DFX Exploration Ltd.
        > Under the terms of the agreement, Kootenay will pay to Coeur US$250,000 in cash upon signing followed by a second cash payment of US$250,000 made on April 19, 2016. In addition, Kootenay Silver will issue to Coeur on the Closing Date such number of common shares of Kootenay Silver as is equal to US$2,000,000 at a share price of Cdn$0.275 per share which will result in the issuance of
        9,629,091 common shares of Kootenay Silver.

        > The NI 43-101 Measured & Indicated resource at the La Cigarra project is 51.5
        million ounces of silver at a grade of 86.3 g/t utilizing a silver price of $22 per troy
        ounce and reported at a 35 g/t silver cut-off grade

        _______________________________________________________________________

        Marlin Gold Mining Corporate Slidedeck (Info above found on page 34)

        http://wsw.com/webcast/egf17/mln.v/presentationDownload.pdf

    • On April 9, 2017 at 10:37 pm,
      Excelsior says:

      Re-Awakening of the Golden Triangle
      JEFF DESJARDINS on April 6, 2017

      http://www.visualcapitalist.com/re-awakening-golden-triangle/

  16. On April 9, 2017 at 3:51 pm,
    Markedtofuture says:

    In Rare Twitter Appearance, Kyle Bass Slams Chinese Capital Lockdown

    http://www.zerohedge.com/news/2017-04-09/rare-twitter-appearance-kyle-bass-slams-chinese-capital-lockdown

  17. On April 9, 2017 at 7:40 pm,
    Steele says:

    Great show again this week. There’s still a lot of negative sentiment out there toward the metals and miners. Yet, the HUI has outperformed the S&P 500 since late 2015, with higher lows along tne way. The pennant pattern is nearing a decision point.

    https://www.kimblechartingsolutions.com/wp-content/uploads/2017/04/gold-bugs-spy-pennant-pattern-breakout-test-april-7.jpg

  18. On April 9, 2017 at 8:55 pm,
    Steele says:

    This might be a repost, but worth sharing again.

    WHY ISLAMIC FINANCE IS SET TO TRANSFORM THE INTERNATIONAL GOLD MARKET

    … 25 percent of the world’s population now has significantly greater access to the most liquid products available on the gold market. Indeed, the most significant implication of this new development for the gold market is that the Islamic finance industry is valued at a hefty $2 trillion. Standard & Poor’s projects that this figure could rise to $5 trillion by 2020, while the Islamic Financial Services Board expects the 2020 figure to be $6.5 trillion.

    Although at present the overwhelming majority of holdings are currently invested in Islamic bonds, equities and real estate investment trusts (REITs), the new standard is now expected to open up a massive new source of demand for gold-related products. According to data from the World Gold Council, the most popular Islamic assets have all underperformed when compared to gold, as have the major currencies that are traded in that region of the world. This suggests that Islamic investors will be looking to shift a substantial proportion of their assets into gold products in the hope of more lucrative returns.

    https://internationalbanker.com/finance/islamic-finance-set-transform-international-gold-market

    • On April 9, 2017 at 9:27 pm,
      Big Al says:

      I believe that this was discussed weeks ago on our site. Still, I do appreciate the reminder.