Weekend Show – Sat 29 Apr, 2017

Investors Again Favoring Risk On Assets

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This week started off with a bag. the US markets gaped up along with a major gap down in volatility (Dana Lyons has some comments in segment 3). Investors continue to shine a very positive light on risk assets which in turn made gold and other risk off assets sell off. This general concept is discussed along with Trump’s tax plan and a couple important company updates, one from Mariana Resources on the sale to Sandstorm Gold.

The first hour is dedicated to the US economy and recent data released over the week. In the second hour Sean Brodrick and company updates provide insights into the state of the gold market.

Thank you everyone for tuning in this weekend. Please feel free to email me with any companies, topics, or guest that you would like to see on the show. Have a great rest of your weekend!

  • Segment 1 & 2: The first two segments I am joined by Peter Boockvar, Chief Market Analysts for the Lindsay Group. We discuss the state of the US economy focusing on the auto sector and consumer and business spending. In the second segment we look at inflation which seems to be peaking for the time being.
  • Segment 3: Dana Lyons outline the historic moves in the VIX that we saw this week.
  • Segment 4: Chris Martenson from PeakProsperity.com shares his views on the Trump tax plan.
  • Segment 5 & 6: To kick off the second hour Sean Brodrick is back on the show with a new newsletter! We discuss the state of the gold market and in the second segment he mentions a number of companies ranging from producers to explorers and a few silver companies.
  • Segment 7: A update from Auryn Resources on the mobilization to the Committee Bay project.

  • Segment 8: Big news this week regarding Mariana Resources and Sandstorm Gold. Glen Parsons joins me to discuss the deal and what it means for shareholders.

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Featuring:
Peter BoockvarDana LyonsChris MartensonSean BrodrickIvan BebekGlen Parsons
Cory Fleck

Comments:
  1. On April 29, 2017 at 3:09 am,
    Skeeta says:

    Thanks for the show as always fellas.
    Cheers !

  2. On April 29, 2017 at 3:27 am,
    Archdeacon (!) Andrew says:

    Ditto – For me the last 4 segs will be of particular interest while filling some spaces over this bank holiday weekend.
    Best to all, Andrew

  3. On April 29, 2017 at 3:46 am,
    Tad says:

    Thanks guys. Looking forward to it.

  4. On April 29, 2017 at 4:00 am,
    wolfster says:

    Yes.Thanks guys.Already 1/2 way through the show.Great as always

  5. On April 29, 2017 at 4:08 am,
    wolfster says:

    There was a nice pop in theralase this week.Not a big biotech guy but do hold a few and they have all moved nicely recently.if anyone else is in this sector I’d love any input or suggestions.

  6. On April 29, 2017 at 6:47 am,
    BDC says:

    Max Keiser discusses high tech China with Shanghai based Dan Collins.
    E1062: Part 1 (13:00) – https://www.youtube.com/watch?v=jP821O26IKM

    • On April 29, 2017 at 6:49 am,
      BDC says:

      E1063: Part 2 (12:50) – https://www.youtube.com/watch?v=3xlVkNTZwiI
      “America’s … Ponzi Scheme economy …”

      • On April 29, 2017 at 7:47 am,
        OOTB Jerry says:

        Nice commentary by Max……thanks for the post……….BUST THE FED……

        • On April 29, 2017 at 7:48 am,
          OOTB Jerry says:

          and that would include all central banks……..

          • On April 29, 2017 at 10:23 am,
            GH says:

            “Monetary reform is the mother of all reform.”

            The sine qua non, I believe is the latin phrase.

          • On April 29, 2017 at 1:13 pm,
            OOTB Jerry says:

            non sequitur……
            emendatio pecuniae est mater omnium emendationum… 🙂

          • On April 29, 2017 at 5:04 pm,
            GH says:

            ah, nice 🙂

            I knew sine qua non isn’t the direct translation (had no clue on correct translation!), but the point being that monetary reform is the ‘reform without which no reform is likely to matter’.

          • On April 30, 2017 at 1:22 pm,
            OOTB Jerry says:

            ditto on on your statement…….. just having fun…. great exercise in knowledge either way…..appreciate your reply……………………. JOOTB .. 🙂

  7. On April 29, 2017 at 7:49 am,
    Excelsior says:

    Will Sandstorm’s Newest Risk Pay Off?
    David Erfle – Friday April 28, 2017

    http://www.kitco.com/commentaries/2017-04-28/Will-Sandstorm-s-Newest-Risk-Pay-Off.html

    • On April 30, 2017 at 12:55 pm,
      Excelsior says:

      TD on $SSL $MARL merger.

      “In our view, the transaction has really strong potential in the long-term; however, we believe the stock may react negatively in the near-term because the Hot Maden asset in Turkey is relatively unknown.”

      • On April 30, 2017 at 12:55 pm,
        Excelsior says:

        (SSL) (SAND) Sandstorm Gold’s Latest Deal: A Head-Scratcher
        Apr. 27, 2017 – Gold Mining Bull (MARL)

        “The point of this deal is to unlock the value of Hot Maden, and as mentioned, this is going to be a massive asset for Sandstorm. Once in full-production, the company says it has the potential to more than double its attributable gold production. This implies Hot Maden could add at least 50,000 to 60,000 gold equivalent production to Sandstorm at some point in the future (based on Sandstorm’s current production levels).”

        “As both a shareholder of Sandstorm and Mariana, I have to say I like this deal a lot more for Mariana shareholders. We’re getting taken over at a massive premium. As a Sandstorm shareholder, it’s a bigger risk. Shareholders are getting diluted by approximately 20% and Sandstorm is placing much more of its future on Hot Maden. Sandstorm shares are now down more than 11% Wednesday following this news.”

        https://seekingalpha.com/article/4065869-sandstorm-golds-latest-deal-head-scratcher#alt2

  8. On April 29, 2017 at 9:28 am,
    BDC says:

    “Dollar Index Bending: But so far, it has not broken!”
    http://www.trendlinemagic.com/2017/04/dollar-index-bends.html

    • On April 29, 2017 at 10:26 am,
      Matthew says:

      But it did close below the 200 day MA for the last four days in a row…

      http://stockcharts.com/h-sc/ui?s=%24USD&p=D&yr=1&mn=0&dy=13&id=p57216091701

      • On April 29, 2017 at 10:34 am,
        Matthew says:
        • On April 29, 2017 at 11:08 am,
          BDC says:

          Trendlines are the most powerful single indicators. When this one breaks, buy (or sell) the retest.

          • On April 29, 2017 at 12:09 pm,
            Matthew says:

            They’re just one of many, in my book but I still look at them.

          • On April 29, 2017 at 12:10 pm,
            BDC says:

            “First among ‘equals’.”

          • On April 29, 2017 at 1:19 pm,
            Matthew says:

            Glad you like ’em. 😉

          • On April 29, 2017 at 1:34 pm,
            BDC says:

            That was a quote — nothing matches Trendlines.

          • On April 29, 2017 at 4:23 pm,
            Matthew says:

            It’s just not true for me. I’d have a lot less money if trendlines were my main focus.

          • On April 30, 2017 at 10:32 am,
            Excelsior says:

            Trendlines are merely helpful tools, but I wouldn’t say they are the most powerful single indicators, nor or they consistently correct at spotting turns, tops, or bottoms.

            There are a number of great tools that different Technical Analysis pros use, (Moving averages, prior peaks & troughs, Fibonacci retracements, Slow or Full Stochastics, the MACD, RSI, ADX, Commodity Chanel index, Bollinger Bands, Kelter Channels, Hidden Pivot levels, Forks, Schiff Forks, Chart Patters (like Head & Shoulders, Cup & Handle, Triangles/Wedges, flag pennants, etc…), Elliot Wave counts, Cycles, etc….

            Placing too much emphasis on only one kind of technical indicator is a flawed approach. There are no indicators that work all the time, no TA system that is correct all the time, and all of them are still just “clues” that can be overrun by black swans, sudden news events, or fundamental company news that surprises the marketplace.

            The idea is to look for scenarios where several tools and clues start lining up around a central area on the chart. It is easier to be more confident if moving averages, chart indicators, retracement levels, etc… all line up near a trend line, rather than betting 100% that a trendline will offer support/resistance.

          • On April 30, 2017 at 10:49 am,
            BDC says:

            Trendlines are the most important “single” indicator by far (of course other than price…lol). Even volume is not as reliable anymore due to derivatives, off exchange trading, and the little known fact that trustworthy exchange volumes emanate from the DTCC (Depository Trust & Clearing Corp) which, because it is private, does not release figures to the general public.

            A working knowledge and ongoing study of trendlines will reveal to you how powerful they are at indicating some future turning points. Not a simple thing, but well worthwhile. I will do a presentation on this soon. They are the most accurate in the long and short term.

            Both John Murphy and John Bollinger have advised to use as few indicators as possible. The simpler the chart, the more grist for the creative mind mill.

          • On April 30, 2017 at 11:18 am,
            Excelsior says:

            To each their own, and it seems you have a bias towards them. That’s fine and hope it works for you.

            As for trendlines, I use them, and have a pretty good understanding of them and many charting indicators, but wouldn’t say they are the “most important single indicator. ” Also, some people draw from closing prices, or some use the daily high/or low and come up with completely different levels (and both secretly think their method is better. I like using the closing prices personally, since that is what line charts are based on.

            As for charting, I do agree that it is best to keep things simple and use a few different indicators on a chart (instead of 20 – which can get messy); however the key is to look for validation where several indicators are lining up and sending a message. Just using one indicator over all others is the recipe for misguided trading.

            Look, there are technicians that only use Japanese Candlesticks and they are smart technicians. There a technicians that rely most heavily on chart patterns and they do just fine. There are cycles technicians that use timing and price levels to determine turns/lows/highs and that is their focus. There are technicians that are only concerned with wave-count patterns in relation to price movement, and they do well. There are technicians the rely most heavily on the interaction of moving averages and they do just fine.

            These systems all work (but NO system or Indicator works ALL the time). Period.

            All systems have strengths & weaknesses and investors should decide which approach they like, understand, and draw value from. If you’re animated by trend-lines…. great. Hope you do well in your investing.

          • On April 30, 2017 at 11:22 am,
            Excelsior says:

            Gold Scores a Solid 1st Quarter Performance
            by Gary Wagner – April 28, 2017 – Technical Analysis VIDEO

            https://thegoldforecast.com/video/gold-scores-solid-1st-quarter-performance

          • On April 30, 2017 at 11:23 am,
            Excelsior says:

            Wait For the Weekly Charts To Get Oversold
            April 28, 2017 – Gary Savage

            https://blog.smartmoneytrackerpremium.com/2017/04/wait-weekly-charts-get-oversold.html

          • On April 30, 2017 at 11:25 am,
            Excelsior says:

            Gold Stocks Support Zone: Key Tactics

            Morris Hubbartt posted Apr 28, 2017 – Video Technical Analysis

            * Super Force Signals Key Charts & Tactics Video

            http://www.321gold.com/editorials/sfs/hubbartt042817.html

          • On April 30, 2017 at 11:27 am,
            Excelsior says:

            Gold Stocks Support Zone: Key Tactics

            Morris Hubbartt posted Apr 28, 2017 – Video Technical Analysis

            *** Correction: This is the link that should have gone with the “SuperForce Signals Key Charts” segment above:

            https://superforcesignals.com/video/2017apr27sfs/2017apr27sfs.html

          • On April 30, 2017 at 11:28 am,
            Excelsior says:

            Gold Stocks Support Zone: Key Tactics
            Morris Hubbartt posted Apr 28, 2017 – Video Technical Analysis

            * SF Juniors Key Charts & Tactics Video Analysis

            https://superforcejuniors.com/video/2017apr27sfj/2017apr27sfj.html

          • On April 30, 2017 at 11:29 am,
            Excelsior says:

            Gold Stocks Support Zone: Key Tactics
            Morris Hubbartt posted Apr 28, 2017 – Video Technical Analysis

            * SF60 Key Charts & Tactics Video Analysis

            https://superforce60.com/video/2017aprsf60/2017aprsf60.html

          • On April 30, 2017 at 11:30 am,
            Excelsior says:

            Gold Stocks Support Zone: Key Tactics
            Morris Hubbartt posted Apr 28, 2017 – Video Technical Analysis

            * SF Trader Time Key Charts & Tactics Video Analysis

            https://sftradertime.com/video/2017apr27tt/2017apr27tt.html

          • On April 30, 2017 at 11:32 am,
            Excelsior says:

            Special SKI Report #185 – Gold Stock Update: Next CRITICAL Point
            USERX | historicals
            Jeffrey M. Kern, Ph.D. – Written Sunday Apr 23, 2017

            http://www.321gold.com/editorials/kern/current.html

          • On April 30, 2017 at 11:35 am,
            Excelsior says:

            Sentiment Speaks: GDX Moving Into ‘Buy’ Zone

            Apr. 30, 2017 – Avi Gilburt

            https://seekingalpha.com/article/4067142-sentiment-speaks-gdx-moving-buy-zone?app=1&uprof=45&isDirectRoadblock=false

          • On April 30, 2017 at 11:37 am,
            Excelsior says:

            EURJPY Megaphone and GOLD
            Posted by PalmKeyPlayer @ 5:09 am

            https://goldtadise.com/?p=401869

          • On April 30, 2017 at 11:37 am,
            Excelsior says:

            Forks in the Road
            Posted by Fullgoldcrown @ 10:54 pm

            https://goldtadise.com/?p=401865

          • On April 30, 2017 at 11:40 am,
            Excelsior says:

            GDXJ-JNUG-JDST
            Posted by Nightingale – April 29, 2017 – 1:22 pm

            (this chart does get a bit too messy for me but others saw value in the various overlays)

            https://goldtadise.com/?p=401846

          • On April 30, 2017 at 11:42 am,
            Excelsior says:

            How To Improve Elliott Wave Analysis With Fibonacci Extensions
            Sid Norris

            https://www.youtube.com/watch?v=4mm0eUvKvnc&list=PLsvm-sWmX_i-45GV46YGyICUFe3UGj43t

          • On April 30, 2017 at 11:44 am,
            Excelsior says:

            GOLD Technical Analysis Chart 4/27/2017 by ChartGuys

            https://www.youtube.com/watch?v=CW2B44dT33M

          • On April 30, 2017 at 11:45 am,
            Excelsior says:

            Ira Epstein’s Metals Video 4 28 2017

            Ira Epstein, Linn Group, Futures Trading, Online Trading, Technical Analysis, Metals Report, Sales, Gold, Silver, Copper, Platinum

            https://www.youtube.com/watch?v=CIsm2aMsmTE&t=384s

          • On April 30, 2017 at 11:50 am,
            Matthew says:

            BDC, most technicians do not trust themselves and can’t handle too much info. That majority SHOULD keep it as simple as possible. That much has been clear to me for a long time. For the rest of us, thinking is not something that should be avoided and more information is a good thing.

            This is a game of assessing odds and, if you understand it, more analysis can only help.

            What you have is an opinion that you believe is a fact. And for you, it probably is.

          • On April 30, 2017 at 11:55 am,
            Excelsior says:

            +1 Matthew.

          • On April 30, 2017 at 12:00 pm,
            Matthew says:

            Speculators in tiny and illiquid junior miners would do well to focus more on horizontal support/resistance levels and the oscillators than trendlines if they want to win big. When half-a-cent moves might equal several percent and happen because of one or two tiny players, you can get a lot of false breakouts.

          • On April 30, 2017 at 12:13 pm,
            BDC says:

            These Dollar charts exemplify a problem: they all show some kind of Dollar weakness, which may or may not be true in reality; however, what they also do is create a bias against the upside.

            A good tactic is to know that change is near and to prepare to go either long or short, but not to take sides until the very last — or even better and less risky, allow the basic move to take place and trade the retest.

            I’m not for or against the Dollar (actually long Gold via JNUG at this moment), but the two trendlines crossing now, one as part of a proven pattern, are powerful support. If that level breaks, a big down move and a beginning down trend will ensue.

            Not until then, though.

          • On April 30, 2017 at 12:18 pm,
            BDC says:
          • On April 30, 2017 at 12:30 pm,
            Matthew says:

            Those indicators are just as objectively signifying weakness as a trendline break. We all have a bias at the moment we take a trade.

            The best application and reading of most technical indicators takes nuances into account. It doesn’t come easy and it doesn’t suit most people.

          • On April 30, 2017 at 12:32 pm,
            Matthew says:

            As for trendlines, the best ones, by far, are delivered by pitchforks, in my opinion. It helps that few retail investors use them.

          • On April 30, 2017 at 1:15 pm,
            BDC says:

            Matthew – I’ve been toying with a variation of the pitchfork, where instead of the range center point the low point is used. It shows a minimum level for an upside move.

            JNUG failed to break above one such line and only recently became playable.

          • On April 30, 2017 at 2:37 pm,
            Matthew says:

            I’m interested in what you mean but don’t think I follow. Can you tell me what that would do to the following chart? I numbered the reference points; can you tell me generally where they would be using your approach?

            http://stockcharts.com/h-sc/ui?s=GLD&p=W&yr=5&mn=3&dy=0&id=p30689024572&a=521120167

          • On April 30, 2017 at 3:29 pm,
            BDC says:

            Starting a new thread at the bottom for your question.

          • On April 30, 2017 at 3:40 pm,
            Matthew says:

            Great, thank you.

      • On April 29, 2017 at 4:52 pm,
        GH says:

        US Dollar’s been looking rotten for quite a while, as both Matthew and I have shown on lots of charts.

        Weekly:

        http://stockcharts.com/h-sc/ui?s=%24USD&p=W&st=1979-12-31&en=today&id=p47163718713&a=499883318

  9. On April 29, 2017 at 9:46 am,
    Markedtofuture says:

    Just so we’re clear about Rye Patch Gold (RPM.v)

    Snippet…It definitely has run out of cash and it definitely will finance again very soon.

    http://incakolanews.blogspot.com/2017/04/just-so-were-clear-about-rye-patch-gold.html

  10. On April 29, 2017 at 9:49 am,
    Markedtofuture says:

    Barkerville. Eric. Sean.

    Enough readers have mailed in already to correct me, and quite right too, so a quick post here. Yesterday in this post I incorrectly implied that Barkerville Gold (BGM.v) was a Sprottstock. Yes it was for a while, but I’d forgotten that Osisko/Roosen had bought the Sprott position out and is now the head cheese there.

    http://incakolanews.blogspot.com/2017/04/barkerville-eric-sean.html

  11. On April 29, 2017 at 10:15 am,
    CFS says:

    I notice the absence of commentary for Miriana’s W. Turkey properties and possible problems with confiscation by the government. I intensely distrust Erdogan.

  12. On April 29, 2017 at 10:16 am,
    cmc says:

    I can’t hear segment 5. Anyone else having that problem?

    • On April 29, 2017 at 11:33 am,
      BDC says:

      Yes.

  13. On April 29, 2017 at 11:02 am,
    Markedtofuture says:

    Gold Miners; Largest outflows in history could be bullish, says Joe Friday

    Could historical outflows present an opportunity?

    https://www.kimblechartingsolutions.com/2017/04/gold-miners-largest-outflows-history-bullish-says-joe-friday/

  14. On April 29, 2017 at 11:06 am,
    Markedtofuture says:

    Trump’s Tax Survey – Already Predetermined

    TAXES

    1.In order to achieve the American Dream, Americans must be able to keep more money in their pockets and increase after-tax wages.
    2.We must work to simplify the tax code by reducing the number of income brackets.
    3.Income Taxes are no longer necessary when money is not tangible. See solution on YouTube
    We must discourage corporate inversions in order to grow the American economy.
    4.We must make America a globally competitive nation again.
    5.Our plan must be fiscally responsible in order to not add to our already staggering debt.
    6.We must eliminate the death tax.
    7.We must reduce or eliminate deductions and loopholes that only benefit the very rich.
    8.Simplifying the tax code and cutting every American’s taxes will boost consumer spending while encouraging savings and investment.
    9.We must cut the corporate tax rate and allow the United States to compete internationally.
    10.Corporations must no longer be able to defer taxes on income earned abroad.
    11.Our lower tax rate must also apply to small business, allowing entrepreneurs and freelancers to grow and prosper.
    12.Our lower tax rates will provide a tremendous stimulus for the economy, significant GDP growth, and a huge number of new jobs.
    13.Our tax code overhaul must return power to the states.
    14.We must eliminate the marriage penalty and the Alternative Minimum Tax.
    15.We must allow working parents to deduct childcare expenses for up to four children and elderly dependents.
    16.We must reduce or eliminate the capital gains tax.
    17.We must have import tariffs from other countries at the same rates as those countries that impose on U.S. products.
    18.We must change the border-adjustment tax so companies can no longer deduct imports as costs.
    19.We must pass tax reform legislation in order to ‘Make America Great Again!’

    https://www.armstrongeconomics.com/world-news/taxes/trumps-tax-survey-already-predetermined/

    • On April 29, 2017 at 2:26 pm,
      OOTB Jerry says:

      NO. 20……NO TAX NEEDED…..

  15. On April 29, 2017 at 11:23 am,
    Markedtofuture says:

    Stateside Report Podcast – April 29, 2017

    In this episode of the Stateside Report podcast we take a look back at the week in gold, silver, base metals and the stocks and then discuss the news releases from the junior sector. We talk about CEO.CA, West Red Lake Gold $RLG, Genesis Metals $GIS, McLaren Resources $MCL, Galantas Gold $GAL, Enforcer Gold $VEIN, Highway 50 Gold, $HWY, Algold Resources $ALG, Camino Minerals $COR, Sunset Pacific Petroleum $SPK, NuLegacy Gold $NUG, Condor Resources $CN, Marianna Resources $MARL, Pure Gold Mining $PGM, Marathon Gold $MOZ, Nexgen Energy $NXE, Adamera Minerals $ADZ, Engold Mines $EGM, and Omineca Mining & Metals $OMM. We talk gold, silver, oil, uranium, lead, zinc, copper and nickel.

    http://statesidereport.com/

  16. On April 29, 2017 at 12:28 pm,
    Chartster says:

    INVESTORS AGAIN FAVORING RISK ON ASSETS
    ..oh..boy..)

    The safe haven assets like the USD, Yen, TLT and Gold look like they all could get hit. What if that’s the case? What if the conventional markets get hit too? The S&P just double topped and could roll over right here. The safe haven charts look really weak.
    Could be the monster liquidity trap? May-be)

    https://m.shutterstock.com/images/568728193

  17. On April 29, 2017 at 1:17 pm,
    Matthew says:
  18. On April 29, 2017 at 2:45 pm,
    Markedtofuture says:

    KMW Blog Apr 28, 2017: Discovery Watch with Jim Goddard and John Kaiser

    Discovery Watch is a weekly 15-20 minute audio show sponsored by HoweStreet.com where Jim Goddard interviews John Kaiser about resource juniors with interesting exploration plays that have caught John’s attention.

    Camino Minerals Corp (COR-V) 0:00 min – Eskay Mining Corp (ESK-V) 8:02 min

    Scandium Intl Mining Corp (SCY-T) 13:43 min – GT Gold Corp (GTT-V) 18:42 min

    https://secure.kaiserresearch.com/s5/KaiserBlog.asp?ReportID=788392&_Type=Kaiser-Blog&_Title=KMW-Blog-Apr-28-2017-Discovery-Watch-with-Jim-Goddard-and-John-Kaiser

  19. On April 29, 2017 at 5:30 pm,
    Wayne says:

    If taxes were cut to zero would the economy improve? No. Why? Because the hidden tax of printing money (or borrowing it through credit expansion) would have to increase. How else could the government continue at its current pace? We are fools when we focus on tax (the visible kind) reductions while completely ignoring the real problem which is spending trillions on a wasteful government. The fundamentals are the laws of nature which no man or number of men can alter or repeal. The nation will suffer and decline as a whole while a small percentage – the elites and some savvy investors – will prosper. Love your neighbor.

  20. On April 30, 2017 at 10:16 am,
    Matthew says:

    Gold bottomed versus the yen four years ago and has been in a big bullish consolidation ever since…

    http://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24XJY&p=W&yr=7&mn=7&dy=0&id=p27248630067&a=516697513

  21. On April 30, 2017 at 10:40 am,
    Matthew says:

    If the miners do manage to take another dip in the coming week, I’d strongly consider buying it even if you think. Based on the 1 and 2 hour charts, I doubt that they will plunge the 6 to 8% it would take to hit the fork supports on the following chart but I’m far from ruling it out…

    http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=1&mn=2&dy=0&id=p40041464476&a=515567263

  22. On April 30, 2017 at 11:50 am,
    Excelsior says:

    Bob Moriarty on Silver Bugs, Chemical Weapons, and Precious Metals Corrections
    by Ceo Technician – April 29, 2017

    “While Bob owns ample physical silver in addition to silver mining shares he is no fan of the precious metals ‘lunatic fringe’ who subscribe to any number of conspiracy theories. Bob sees gold as expensive relative to other precious metals such as silver and platinum, but that does not mean he believes in a ‘paper futures’ short conspiracy in silver or that gold’s little brother should trade at a 16 to 1 ratio relative to gold – 53 to 1 is the long term historical average and that should work just fine.

    Without further ado here is Energy & Gold’s latest conversation with a confident and outspoken Bob Moriarty…”

    * CEO Technician: “There is a large group of precious metals bugs, particularly silver bugs, who believe there is a conspiracy to suppress metals prices. What are your thoughts on this?”

    ** Bob Moriarty: “You can believe in conspiracies or you can believe in supply & demand but you cannot believe in both. Either everything is run as a part of a conspiracy or supply & demand really do work. For 50 of the last 100 years there have been no controls on silver, and for 50 of those years silver was a monetary metal (until 1964). In 1964 the silver to gold ratio was 17 to 1; this ratio has been as low as 16 to 1 and it has been as high as 100 to 1, however it has averaged 53 to 1.”

    “The question is does 53 to 1 reflect an average based upon supply & demand or have we had 100 years of manipulation? Anyone who thinks we have had 100 years of manipulation is truly nuts.”

    * CEO Technician: “There is quite a crowd out there who believe all sorts of things including that there is a ‘paper short position’ in precious metals futures.”

    ** Bob Moriarty: “If you believe that you should get all of your money together in $100 bills and douse it with gasoline and light it on fire. There are a whole slew of charlatans out there who are trying to get people to believe them about all sorts of conspiracy theories. These people are going to end up costing people a lot of money. Commodities markets have been in existence for over 6,000 years. Futures are a zero-sum game, for every buyer there is a seller with every contract. And in fact, in precious metals futures the sellers are often producers who are hedging production.”

    “There’s no such thing as manipulation over the long term. In the short term there are certainly games played, for example with the “London Fix” price we found out there was fiddling to get the price to where some traders wanted it. However, supply & demand has the real weight over metals prices in the long term.”

    CEO Technician: Do you think Trump is posturing or do you think he’s crazy enough to actually do something?

    Bob Moriarty: He’s crazy enough. He’s batshit crazy.

    http://energyandgold.com/2017/04/29/bob-moriarty-on-silver-bugs-chemical-weapons-and-precious-metals-corrections/

    • On April 30, 2017 at 12:55 pm,
      Gator says:

      Bob Moriarty: “He’s crazy enough. He’s batshit crazy”. Yea Bob…..no doubt in my mind who is batshit crazy…

      • On April 30, 2017 at 1:56 pm,
        Bonzo Barzini says:

        Hillary was more insane, so be grateful for Donald.

        • On April 30, 2017 at 2:22 pm,
          Gator says:

          Bonzo..you are so right…grateful every day he is in office….

  23. On April 30, 2017 at 12:48 pm,
    Excelsior says:

    Louis James: A Golden Runway in Junior Resource Stocks
    Palisade Radio – Apr 29, 2017

    “Louis discusses in depth his discovery of a golden runway, how there are low risk and highly predictable ways to speculate on specific resource companies. Particularly those that are explorers and are moving to become a new producer, share prices takeoff just as they build their first mine and can make for spectacular gains.”

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

  24. On April 30, 2017 at 3:45 pm,
    BDC says:

    Matthew – GLD has already broken above its “X-line” (temporary name).

    On JNUG, create an initial X-line by connecting the November 2nd high to the March 6th low (with extension). Then drag that line intact (this can be done on Fidelity charts) over to the February 8th high.

    The April 12th high did not even come close, and JNUG dropped from there to test the December 20th low. This has apparently held at 4.14, with a decent stop at 3.76 considering its 3x volatility.

    I’m holding as a possible swing trade, if there continued strength after the 5.50-6.00 gaps are filled.

    • On April 30, 2017 at 4:15 pm,
      Matthew says:

      Got it. Start by connecting a swing high to a swing low (or vice-versa) and either use parallel lines or move it to the high or low you want. I’ve played with that myself, especially when looking at multiyear trends.

      So here’s JNUG with your line plus three forks:

      http://stockcharts.com/h-sc/ui?s=JNUG&p=D&yr=0&mn=10&dy=0&id=p63013060595&a=521135868

      Thanks for clarifying that.

  25. On April 30, 2017 at 3:49 pm,
    BDC says:

    “…there is…” and it should be 5.00-5.5761 gaps to be exact.

  26. On April 30, 2017 at 3:50 pm,
    BDC says:

    Bad – bad eyes…lol: “5.00-5.57”

  27. On April 30, 2017 at 5:26 pm,
    Matthew says:

    Silver is at a Schiff fork support and has an Andrews’ fork support at about 17.02 tomorrow…

    http://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=1&mn=0&dy=0&id=p86495253468&a=521142744

    • On April 30, 2017 at 6:48 pm,
      Excelsior says:

      Looks like Silver is near support based on that and we may see a relief rally in the not-so-distant future.

    • On April 30, 2017 at 7:45 pm,
      Matthew says:

      Silver dropped to 17.06 just minutes ago.

      • On April 30, 2017 at 9:10 pm,
        Excelsior says:

        Yes I was watching that.

    • On May 1, 2017 at 8:36 am,
      Matthew says:
      • On May 1, 2017 at 8:58 am,
        Matthew says:

        After a 31 cent bounce, GDXJ went back down and dropped 6 cents below the 200 week MA but is now above it.

  28. On April 30, 2017 at 5:48 pm,
    Matthew says:

    Priced in gold, GDXJ has already tested its December low and is oversold…

    http://stockcharts.com/h-sc/ui?s=GDXJ%3A%24GOLD&p=D&yr=1&mn=0&dy=0&id=p67356636798&a=518305274

  29. On April 30, 2017 at 6:00 pm,
    Matthew says:

    The 89 week MA will soon cross above the 144 week MA. Take a look at what silver did the last time that happened…

    http://stockcharts.com/h-sc/ui?s=%24SILVER&p=W&yr=7&mn=7&dy=0&id=p00035324465&a=521147109

    • On April 30, 2017 at 6:07 pm,
      Matthew says:

      I don’t expect history to repeat but it might rhyme!

      • On April 30, 2017 at 6:46 pm,
        Excelsior says:

        It is time for Silver to bust a rhyme… Nice chart with the 89 and 144 week MAs.

  30. On April 30, 2017 at 6:42 pm,
    wolfster says:
    • On April 30, 2017 at 6:55 pm,
      Excelsior says:

      “Abitibi Royalties is our No. 1 roy-co at Malartic in Quebec. When Brett locks into another “stream,” silver, gold, copper — please anything but maryjane fields — Brett Heath’s Metalla could show the 10-x to 30-x growth that Abitibi has these past 30 months. Brett is in his mid-30s and hails from Canada, lives in Orange County, California. Golden Valley Mines is the back-door into Abitibi. $GZZ owns about half of $RZZ (Abitibi) and with Glenn Mullan, controls perhaps 54 percent of GZZ’s voting rights. Oh I forgot to mention, thanks to one of our TCR Network members for the tag on this: $KZZ (the zed with the nickel in the name — Nunavik Nickel) now will become the receptacle of the majority of GZZ’s claims, prospects and projects across Quebec and Ontario. The plan was for $VZZ to be the recipient but a major VZZ (Uranium Valley Mines) shareholder, Rob McEwen, I am told, ix-nayed the idea. I own all five zeds — Glenn Mullan’s things.”

      — Thom Calandra

  31. On April 30, 2017 at 7:16 pm,
    Chartster says:

    Check this out. Given the URA chart and the uranium stocks, this could be a game changer. It’s certainly worth the, look.

    https://en.m.wikipedia.org/wiki/Thorium-based_nuclear_power

  32. On April 30, 2017 at 7:17 pm,
    Chartster says:

    Any thoughts would be appreciated.

    • On April 30, 2017 at 9:14 pm,
      Excelsior says:

      Hey Chartster. CFS and I have posted a few articles and had some discussions on Thorium as an alternative fuel source for nuclear power, as well as Beryllium clad and Niobium/Vanadium clad Nuclear fuel rods. We’ve also discussed Fusion power (always a decade away….).

      I think the most likely solution is not replacing the entire Nuclear fleet of reactors with Thorium reactors, but rather, finding a way to make the Uranium fuel more efficient, burn at a lower temperature, and greatly reduce the possibility of meltdowns. This will be done by treating the fuel. Companies like IBC Advanced Alloys and Lightbridge Corp are working these ideas right now. In fact, Lightbridge Corp is starting to be taken more seriously now that Areva has decided to partner with them.

  33. On April 30, 2017 at 11:16 pm,
    Excelsior says:

    Gwen Preston: Investing in #Gold & #Silver, Trends in Mining, & Using Caution in This Risky Market
    Apr 28, 2017 – #PreciousMetals #ETF #Zinc #Uranium #Copper

    https://www.youtube.com/watch?v=fVqV5DgpZoI

    • On April 30, 2017 at 11:17 pm,
      Excelsior says:

      What’s Up With Zinc?
      Gwen Preston – Resource Maven

      After a stellar 80% gain in 2016, the galvanizing metal has stepped back so far in 2017.

      https://www.resourcemaven.ca/blog/whats-up-with-zinc/

      • On May 1, 2017 at 1:42 am,
        Excelsior says:

        (CZX) Canada Zinc Metals Engages Contractors for the 2017 Exploration Program on the Akie Project
        by @fscwire on May 1, 2017

        “The 2017 exploration program will focus on the Cardiac Creek stratiform Zn-Pb-Ag deposit located on the Akie property. The Company plans on mobilizing two drills to the Akie property to complete a comprehensive up to 7,500 metre diamond drilling program in 2017. Up to 5,000 metres of drilling will target the Cardiac Creek deposit with a focus on expanding the down-dip limits of the high-grade core of the deposit as well as other expansion targets down-dip and along strike. An additional up to 2,500 metres of drilling will be allocated for infill targets across the deposit with the primary objective of providing additional material for subsequent metallurgical lab testing.”

        https://ceo.ca/@fscwire/canada-zinc-metals-engages-contractors-for-the-2017

        • On May 1, 2017 at 1:44 am,
          Excelsior says:

          “The Company has outlined a NI 43-101 compliant mineral resource at Cardiac Creek, including an indicated resource of 19.6 million tonnes grading 8.2% zinc, 1.6% lead and 13.6 g/t silver (at a 5% zinc cut-off grade) and an inferred resource of 8.1 million tonnes grading 6.8% zinc, 1.1% lead and 11.2 g/t silver (at a 5% zinc cut-off grade). “

  34. On May 1, 2017 at 1:14 am,
    Excelsior says:

    Mexus confirms status at Santa Elena project
    by @nasdaq on May 1, 2017

    > Our JV partner at the Santa Elena project has been producing gold since early April and performed its first smelting of dore April 22 which represents the first of many more to come.
    > Pad 1 is still producing gold back to the pregnant pond and it is expected that this will continue for about two more weeks. Mineralized material is being placed on Pad 2 and will be ready to leach once the initial soak of Pad 1 is complete. Both ponds at the Santa Elena project were calculated to hold approximately 793,000 gallons with the gold laden pregnant pond being 30% full and the makeup pond being 75% full.
    > The Merrill Crowe plant is currently running at 35% and is increasing weekly. Mine manager Regino Vargas feels it’s better to increase slowly so money and material are not wasted.
    > Mexus’ contract with the land owners at the Santa Elena project allows for usage rights to the water well. Mexus was informed that the permit is for agricultural use only. In addition, the permit as it stands now does not provide for enough water. Marco Martinez, President of MarMar Holdings and Mexus’ partner at the Santa Elena project, states that the solution is to buy water rights from other well owners. If necessary, the water will be trucked in using the company owned 4500 gallon water truck which will solve any water concerns in the short term. This is a minor issue as it is expected that the project will use approximately 10,000 gallons a week at full evaporation. Mr. Martinez goes on to state that he is attending to the current water well use permit and will seek a reclassification.

    https://ceo.ca/@nasdaq/mexus-confirms-status-at-santa-elena-project

  35. On May 1, 2017 at 1:20 am,
    Excelsior says:

    The Next Bull Market Move Interview with Rick Rule, President and CEO of Sprott U.S. Holdings Inc.
    by @bullmarketmove on May 1, 2017

    https://ceo.ca/@bullmarketmove/the-next-bull-market-move-interview-with-rick-rule-president-and-ceo-of-sprott-us-holdings-inc

  36. On May 1, 2017 at 6:04 am,
    wolfster says:
  37. On May 1, 2017 at 6:07 am,
    wolfster says:
  38. On May 1, 2017 at 8:30 am,
    Matthew says:

    GDXJ reversed course precisely at the 200 week MA this morning…

    http://stockcharts.com/h-sc/ui?s=GDXJ&p=W&yr=4&mn=2&dy=0&id=p26761142951&a=520905506

  39. On May 1, 2017 at 8:34 am,
    Matthew says:
  40. On May 1, 2017 at 8:54 am,
    Matthew says:

    The 25 month MA and 200 month EMA (not pictured) are at the level of the fork support on the following chart (16.50ish)…

    http://stockcharts.com/h-sc/ui?s=%24SILVER&p=W&yr=6&mn=5&dy=0&id=p99150324858&a=374891072