Weekend Show – Sat 20 May, 2017

Politics Moving Markets Short Term But What Is the Big Picture?

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I hope everyone had a great week and for all the Canadians listening in a great long weekend. I am currently on the east coast for a couple wedding (and baseball games and my birthday) over the next week but will still be working while on the road.

I am very excited about this week’s show because I have a brand new guest to the show and the second appearance of another guest. In my consistent effort to find the brightest people who I also respect please consider checking out all our guests websites and email any questions you have regarding their services or that you would like to hear their input on.

On this week’s show we focus on the general makeup of the markets and the blend of politics and economics that investors need to consider these days. We again focus on the metals for the second hour and even get a couple ideas on where money is flowing and how to generate a return this summer.

I always love to hear from all of you. Please feel free to email me with questions, topics, and companies you would like to see featured on our show. Fleck[at]kereport.com.

  • Segment 1 & 2: A new guest kicks off this week’s show. Marc Chandler is the Founder of MarctoMarket.com and the Head of Currency strategy at Brown Brothers Harriman. Over the first two segments we discuss how Marc blends politics, economics, and a view on society to mold his outlook for the markets. A big picture guy I highly respect Marc and all the work he does.
  • Segment 3: Chris Vermeunlen, The Gold and Oil Guy, shares his thoughts on a euphoric stage in the markets and if we have experienced it yet.
  • Segment 4: An update on Excelsior Mining from the CEO and President Stephen Twyerould. We discuss the permitting for the Company’s Gunnison Copper Project as well as review the economics behind this development story.
  • Segment 5 & 6: A newer guest to the show Christopher Aaron, Founder of iGold Advisor kicks off the second hour. In the first segment we discuss his big picture analysis in terms of equities, and currencies. In the second segment we look at the ratio between senior and junior companies
  • Segment 7: The Junior Miner Junkie David Erfle shares his strategy of investing in explorers, not majors, and following where the majors are investing.
  • Segment 8: To wrap up the show we have Joe Mazumdar from Exploration Insights. Joe outlines his and Brent’s play over the summer of finding the cash flowing mining companies.

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 VermeulenStephen TwyerouldChristopher AaronDavid ErfleJoe MazumdarCory Fleck

Comments:
  1. On May 20, 2017 at 3:16 am,
    CFS says:

    Thanks, Guys.

    • On May 20, 2017 at 11:38 am,
      4 oz says:

      Al/Cory— I’ve never been the ‘Sharpest Tool in the Shed,” I’d like to express some of the things I think I’m seeing and just plain don’t get….

      For starters there is the monster rise in Bitcoin and Ethereum presently going on.

      Then thinking back on interest rates on CD’s…when 10 years ago returned $50 some dollars on a thousand bucks…..and today brings back like $4.89……

      But what has me really shaking my head was learning this week that at a local produce market in my area a person using an EBT card can get $7 of produce for every $5 in purchases….So, yep, the person with the EBT card in front of me can get say 7 asparagus, while I can get 5 for my $5 cash…that I ran my ass of earning the old fashioned way….. Am I nuts, or just a dumb sucker that continues to work?

      OR more to the point…..is it…do these types of things provide glaring evidence that the USD is JUST PLAIN WORTHLESS?
      Does BTC –at the moment valued at over $2000 just clearly show the USD is worthless?
      Do the ‘effing banks show us exactly what the value of the USD is…every day…and have for years??
      It it possible that free-be money in the form of an EBT card truly IS worth 40% more than the USD???

  2. On May 20, 2017 at 3:56 am,
    Markedtofuture says:

    Cyberattacks & the Vulnerability of a Cashless Society

    Cyberattacks vs. Cash elimination – an argument against eliminating cash. Hello Mr. Armstrong, it is quite apparent that no government, no financial institution, Anti-virus software developer, or either ‘whatever’ is is really capable to stop cyberattacks. Now these people want to eliminate cash, make larger cash amounts illegal. So theoretically these cyber attackers could/ maybe will, eventually just stop the whole economy. Nobody may even be able to buy food. So instead of eliminating cash, should it not be policy people carry at least a month’s worth of expenses in cash? Your reply should be quite interesting to us, your readership!

    https://www.armstrongeconomics.com/world-news/taxes/cyberattacks-the-vulnerability-of-a-cashless-society/

  3. On May 20, 2017 at 3:59 am,
    CFS says:

    FYI:
    https://youtu.be/mSCR1oPPh_A?t=92

    Silver to gold ratio examined

  4. On May 20, 2017 at 4:01 am,
    Markedtofuture says:

    Metals Investor Forum May 2017: Adamera Minerals Corp. (Mark Kolebaba)

    Mark Kolebaba, President, Director & CEO, gives a presentation at the May 2017 Metals Investor Forum.

    https://www.youtube.com/watch?v=ABhOntwhOmk&index=40&list=PL7A77857F371F9F47

    • On May 20, 2017 at 9:25 am,
      Excelsior says:

      ** For anyone that hasn’t reviewed the number of Corporate Presentation Videos from the [MIF] – Metals Investor Forum from earlier this month, they are really well done.

      Most of the keynote speakers have 20 minute segments, and the Companies all had 10 minutes to take the audience through their Slide Decks and speak to their differentiating qualities. I’ve spent a few hours this week digesting them as they came out, but most of the video segments are up and posted now.

      https://www.youtube.com/user/BeneathTheSurfaceBTS/videos

  5. On May 20, 2017 at 6:34 am,
    Glenfidish says:

    Hi gang!

    Thanks al and Cory, keep up the great work.

    I have a friend who originally bought a house for $360,000 a decade or more ago. He then went on to purchase a second home at $499,999. This year under more pressure from his wife needing extra space he made the leap and bought a house for $680,000. Im really happy for them as the value in there asset grew year to year and allowed them to purchase this much larger home price at almost three quarters of a million. If I were to tell you that after each and every home he sold and after realtor fees and 20-30 thousand dollar withdrawal to catch up with there combined debt ( line of credit, credit cards) and renovations of each home, they sit at the exact same place as when they started.
    There new mortgage is in fact slightly higher as there first home purchased. The positive they have a bigger home. But I can’t phantom that they still have a large mortgage and live further much further from the city.

    Is the average family in the same situation?
    What if rates finally go up by 1 or 2 points?

    Just to clarify I’m talking about the continuous and never ending housing boom in Canada or better said in Ontario! How much longer can this go and is it possible that these prices are here to stay?

    To all my good friends in here keep up the great work. Feel free to answer some of my questions.

    Thank you

    • On May 20, 2017 at 7:30 am,
      Dick Tracy says:

      Glen consider this, I had a mortgage in 1982 that went to 223/4% at the time of renewal, this was due to Volker’s policies at The Fed, not something most could forsee, luckily it was only for $30,000. I took out a 6 month mortgage which was the best at that time, after that period was over the interest rate had dropped 6%. Bob M say’s it perfectly, The Mob Is Always Wrong!

      • On May 20, 2017 at 7:37 am,
        Dick Tracy says:

        During The French Revolution the mob was in control of the streets in Paris until Napoleon unexpectedly came along and gave them a ” whiff of grapeshot”.

      • On May 20, 2017 at 8:08 am,
        Glenfidish says:

        Wow Tracy! I’m happy to hear you were able to weather the storm. Great insights as always. $30,000 mortgage insane with today’s prices and inflation. I just remember enough when my parents would take me to the grocery store and how $50 bucks would fill up a cart. I know one thing, the bang for the buck was much better coincidentally a time when there was only 3-4 billionaires. I’ve lost track today

        • On May 20, 2017 at 8:42 am,
          Matthew says:

          Hi Glen, hope all is well. I just wanted to point out that, as recently as the 1960s, $30,000 was worth 857 ounces of gold (!!!). At the current 1,256/oz, that’s $1,076,000 U.S. 😮

          • On May 20, 2017 at 8:59 am,
            Glenfidish says:

            Hi matt!

            all is well! Hope you and yours are doing fine. Great point matt. We also need to consider that the $30,000 Tracy purchased in the 80’s is now probably worth 850,000 or more? I’m a big believer in timing and yes if you purchased $30,000 of gold and have it today I can only imagine what it would be if gold realises higher prices in the future.

            Cheers my good friend

        • On May 20, 2017 at 9:35 am,
          Excelsior says:

          Hey Glenfidish. Good to see you posting.

          I don’t have any special insights into why the Ontario real estate bubble seems to keep expanding perpetually, but the Asian buyers on the west coast have fueled some of it as they bid houses up above asking prices quite often. It is happening in Seattle and Portland as well in the US. That is NOT happening in most other parts of the country.

          After living through the US bubble popping in the US, duing the 2007-2009 housing crash, it was hard to see many friends and acquaintances deal with their home values plummeting. Many had leap-frogged into houses they never really should have been in, and some made poor decisions to go interest only or in adjustable rate mortgages, so they felt the pain. When houses turned down 20-30% in value, it really screwed up their trajectories & savings in life, and some had to move at a substantial loss in their equity. The real estate bubble works until it doesn’t…. then “Pop goes the weasel…”

          • On May 20, 2017 at 9:40 am,
            Excelsior says:

            I’m not sure why Toronto and Ontario have fared some much better than most in the Great Lakes area, because in the US places like Chicago, Detroit,Cleveland, and Pittsburgh aren’t seeing that steep property value increase.

            I get why Vancouver or Victoria is going up due to the Asian buyers, but don’t know if that is the same for Toronto or not. It would be interesting to know what is fueling it for Ontario.

            Alberta and Calgary, in contrast have been hit hard in some areas due to the Oil Industry expansion stalling and starting to contract.

            It’s a real checkerboard of home values depending on the city and jobs/industry climate in each area.

          • On May 20, 2017 at 9:48 am,
            Matthew says:
          • On May 20, 2017 at 9:49 am,
            Matthew says:

            Vancouver Home Sales Crash 40%, As Toronto Home Prices Soar 22%

            http://www.zerohedge.com/news/2017-02-05/vancouver-home-sales-crash-40-toronto-home-prices-soar-22

          • On May 20, 2017 at 10:40 am,
            Excelsior says:

            I believe the change in Vancouver home prices coincided with the new laws that were enacted that put rules in place about foreign investors. It’s good to hear that it is working.

            Here is an excerpt about the Real Estate reform in British Columbia:

            _________________________________________________________________________

            B.C. real estate reform: What you need to know
            JAMES KELLER
            VANCOUVER
            THE GLOBE AND MAIL
            LAST UPDATED: THURSDAY, JAN. 05, 2017

            “The British Columbia government is in the midst of a wide-ranging overhaul of how the housing market is regulated and taxed, amid growing concerns that foreign ownership, rampant speculation and unscrupulous real estate agents are fuelling an affordability crisis.

            On Aug. 2, a 15-per-cent tax took effect for home purchases in the Metro Vancouver area involving foreigners. During the past several months, the province has also announced an end to self-regulation, largely in response to a series of Globe and Mail investigations into questionable practices within the industry. This has included a tax on vacant homes in the City of Vancouver.

            These are in addition to what the federal government is doing, including closing a loophole that some foreign buyers have used to avoid paying capital-gains tax, as well as requiring lenders to stress-test mortgages..”

            https://www.theglobeandmail.com/real-estate/vancouver/real-estate-reform-in-bc-a-primer/article30642062/

          • On May 20, 2017 at 10:42 am,
            Excelsior says:

            It would seem that Toronto should take a page out of Vancouver’s playbook.

          • On May 20, 2017 at 10:44 am,
            Excelsior says:

            Here’s a timely article out on ceo.ca on the Canadian Real Estate Market:

            ________________________________________________________________________

            Don’t Call it a Bubble! CMHC, Canadian Real Estate, and the Next Financial Crisis

            by @axelheyst on May 18, 2017

            https://ceo.ca/@axelheyst/dont-call-it-a-bubble-cmhc-canadian-real-estate-and-the-next-financial-crisis

          • On May 20, 2017 at 11:07 am,
            Matthew says:

            A guest on Howestreet (whose name escapes me at the moment) claimed that the cracks were already showing and that the new tax was a bad idea.

          • On May 20, 2017 at 11:25 am,
            Excelsior says:

            The cracks were already present, but the Asian appetite for properties has been insane, and it put a stop to the excess frothiness. We’ve been trying to move to Seattle and the buyers just shifted down to the US and are still slamming the west coast in Portland and San Francisco as well.

            My thoughts were simply that these Asian buyers (trying to get money out of their country and store in North American real estate) may have shifted their gaze over to Toronto since Vancouver implemented the new laws and closed the tax loopholes.

          • On May 20, 2017 at 11:32 am,
            Paul L says:

            I see Asian and Muslim buyers (middle eastern commonly) pushing the Toronto market up offering more than asking. One 2 bedroom downtown condo I purchased next to the University for $380k last summer is now worth about 550K. My daughter lives in it and is in Eng. Science at U of T and she is sharing it to so we more than breakeven.

          • On May 20, 2017 at 12:06 pm,
            Paul L says:

            Zero hedge likes to make big headlines. Vancouver market is not crashing. Just sales are down temporarily while people delay buying.

          • On May 20, 2017 at 12:16 pm,
            Excelsior says:

            Paul L – Thanks for sharing some “boots on the ground” perspectives.

            It’s as suspected then; that the Asian and Middle Eastern buyers have merely shifted more towards Toronto and the US markets, since Vancouver put in their tax adjustments and closed the loopholes.

            I also agree that Zero Hedge is into the snazzy headlines and things haven’t fallen as much in Vancouver as they postulate. When we were out there in Vancouver talking with folks at the end of last year, everyone was still complaining about the nosebleed prices and how their children couldn’t afford to move into a starter home.

            One of the things that people on their 2nd or 3rd home often lose sight of in these real estate bubbles, is that as property rises higher and higher, there eventually is too large of a gap for the first time home buyers (Millennials) salaries and home prices to make an entry. That is the point where the process hits a tipping point, and it was a factor in the US housing bubble popping.

          • On May 20, 2017 at 12:19 pm,
            Matthew says:

            Average BC Home Down $100,000 Year over Year

            https://www.youtube.com/watch?v=MbGa8-NGXIE

          • On May 20, 2017 at 12:43 pm,
            Excelsior says:

            I miss-interpreted the title on the ZH article that the home values were down 40%, and realize now that it is just the percentage of home sales are down 40%. That makes more sense.

            Home Values were only down 3.7% at the time of this article a few months back:

            __________________________________________________________________________

            How Vancouver got its housing bubble under control: a lesson for cities like London and San Francisco
            Eshe Nelson – February 04, 2017

            Residential property sales dropped a staggering 39.5% in January compared to a year ago, according to the Real Estate Board of Greater Vancouver. With 1,523 properties sold in the region, that was also an 11% decrease from December, a report this week showed.

            The drop in sales is pulling down prices. A house price index by the Canadian Real Estate Association puts the benchmark property price at C$896,000 (US$688,000), down 3.7% in the past six months. Still alarmingly expensive, but at least improving.

            So how did Vancouver tame its roaring housing market? A weakening Canadian dollar had been increasing demand from foreign buyers, while central bank stimulus kept interest rates low and pushed up the number of mortgages. But last August, British Columbia imposed a 15% tax on foreign home buyers.
            It’s working (pdf), according to Bank of Montreal analysts. They show how prices have been falling in Vancouver but are still appreciating steeply in Toronto and Victoria, which don’t have a similar tax. Additionally, the federal government introduced new rules in October that made it harder for first-time buyers to get a mortgage.

            https://qz.com/903194/vancouver-house-prices-are-falling-as-it-gets-its-real-estate-bubble-under-control/

          • On May 20, 2017 at 1:25 pm,
            Paul L says:

            My mum had been in the hospital since January and passed away In April. Her Bmo account had been dropping for years so I took it over and opened a regular investment account and sold all the stocks except some preferred. I bought 2 condos in downtown Toronto for her in February as she had always been complaining about her account. They are already up and made up her losses of the past many years. I still have to another one to buy with her money and if I decide to sell her house I could get several more.

          • On May 20, 2017 at 1:31 pm,
            Paul L says:

            That Ross Kay sounds like a salesman. 100k average price drop in BC just means the higher end home sales have dropped while the foreign buyers take a break but they will come back. It is just a change in sales mix. Lower end homes are selling in higher volumes vs higher end.

          • On May 20, 2017 at 1:44 pm,
            Matthew says:

            I think Ross Kay is more credible than those he’s questioning.

          • On May 20, 2017 at 7:03 pm,
            Matthew says:

            In this weekend’s show, Robert Campbell and Jim Goddard echo what Ross Kay was saying and Goddard mentions that Vancouver was already cooling before the tax.

            Rick Rule and Ross Clark are also on the show.

            https://www.youtube.com/watch?v=4IXEIqPr6r8

          • On May 21, 2017 at 4:15 am,
            Wolfster says:

            In Ontario it got so ridiculous that places like Oshawa Tottenham and Keswick(all places an hours drive to Toronto) were experiencing multiple offers and bidding wars on houses.That seems to have cooled down for now but the prices being paid for homes in these small communities are still way overpriced.I don’t anticipate a crash just a minor correction perhaps.The issue in Toronto like all other big cities is there is nowhere else to build so if you want a place your only option is an existing home.I have renovated many homes over the past few years where the parents have passed away and one of the children take possession of the home.This is why supply stays so much lower than demand……..and that’s the bottom line.

          • On May 21, 2017 at 1:56 pm,
            OOTB Jerry says:

            If they had been reading the KER report, many warnings were posted concerning this issue, and it will be the same thing again for the Canadians…..
            But, the Chinese can pump the market even higher…….as long as they can get their cash out of the country…..

    • On May 20, 2017 at 7:54 am,
      Archdeacon (!) Andrew says:

      Ditto on the thanks Glen.
      Re mortgages over here I’m guessing everyone’s in for a rude awakening come the autumn, given that many millions I understand are on making interest-only payments., while interest rates are almost sure to go up.
      The other main bubble about to pop starting already in the States (along with student debts) are auto loans. I heard a figure today that some 21% have fiddled their incomes to justify car finance, even as the auto plots are already spilling over with repossessions. Same here in the UK to the extent that £160 million are being paid daily to car finance schemes alone. Near to us there are way too many new or near new Mercs, Beemers and Kias etc in a neighbourhood that is far from affluent.

      • On May 20, 2017 at 8:15 am,
        Glenfidish says:

        Good points Andrew! I have this perception for some time that chinease/Russian/Saudi to some extent are propping these markets world wide and putting to work that money they have taken from the world for over two decades. I’m speaking of more specifically the chinease. It is my thinking once they have purchased a good amount of assets as they are doing currently in Canada and toronto, the plug will be pulled out under them finally collapsing this massive real state bubble of which I truly believe will give us the biggest reset and up to 50% or more correction of the highs. The question is when will this happen.

        I believe the powers that be will be ready to scoop up what they had sold to the chinease at extreme high valuations. Anyhoo that’s my thinking for sometime and I’m sure some of you have different scenarios playing out.

        Take care Andrew

  6. On May 20, 2017 at 8:00 am,
    Archdeacon (!) Andrew says:

    Moran Stanley speaks of 50% reduction of car prices in next few years.

    http://www.alt-market.com/articles/3189-3-signs-us-economy-is-near-tipping-point

  7. On May 20, 2017 at 8:01 am,
    Archdeacon (!) Andrew says:

    Sorry meant to write Moron Stanley…lol.

    • On May 20, 2017 at 8:04 am,
      Archdeacon (!) Andrew says:
      • On May 20, 2017 at 10:09 am,
        Paul L says:

        Kingworld has shocking news every day. You soon get numb to the nonsense.

        • On May 20, 2017 at 1:40 pm,
          Archdeacon (!) Andrew says:

          True Paul. But Celente’s got his facts right, even if he speaks in hyperbole all the time!

    • On May 20, 2017 at 10:12 am,
      Paul L says:

      With inflation car prices have been going up since the day I was born and based on history they will continue rising. Some used sports cars are selling for much more than original cost and I was once sold a 911 for more than my cost.

      • On May 21, 2017 at 7:43 pm,
        Excelsior says:

        Good point on inflation in the auto prices. The falling value of the dollar in regards to purchasing power is stealth until you consider everyday items like cars or a loaf of bread or movie tickets. Then the loss of the dollar’s purchasing power becomes quite obvious.

  8. On May 20, 2017 at 8:02 am,
    Bob UK says:

    IMPO it is not worth chasing the potential upside in this market as the potential downside is… frightening…

    • On May 20, 2017 at 8:22 am,
      Glenfidish says:

      Good point bob!

      Tis not an easy thing to do. Bob currently I have at least 95% of family and friends telling me you should by at these prices. That the price is going to go up. When I ask will it ever go down? They all respond no/ never everyone has good jobs and population is growing. I don’t bother to battle or debate as me and my wife are nearly all alone on the other side. I tell you it can be a cold lonely place being one who rents. Even the renters around me are running away and telling me I bought a house everything is going up.

      Some of you have lots of experience and have lived through plenty. Does this not all smell like a major bubble? Or am I the only idiot village person in toronto?

      • On May 20, 2017 at 1:54 pm,
        Bob UK says:

        I was referring to stocks – but enjoyed reading your property thoughts.

      • On May 21, 2017 at 4:26 am,
        Wolfster says:

        I agree that pretty well everyone in Toronto thinks there will never be a correction let alone a crash which obviously means it will happen eventually because the herd is never right……I lean towards correction not crash and long period of prices drifting slowly lower or staying the same especially as rates start to rise

    • On May 20, 2017 at 10:24 am,
      Paul L says:

      Intel is giving advance signs as it has topped and no sign of rising to higher highs.

      • On May 20, 2017 at 1:55 pm,
        Bob UK says:

        Cisco looks as if it joined Intel in topping this week.

        • On May 20, 2017 at 2:10 pm,
          Paul L says:

          Yes I was going to mention that. Cisco has gone up sharply from the 20’s. It is unlikely to be making any higher highs this year including Intel.

          • On May 20, 2017 at 2:14 pm,
            Bob UK says:

            Both are bell-weathers for corporate IT spending. This market is just crazy at the moment.

  9. On May 20, 2017 at 8:22 am,
    Glenfidish says:

    Bob just wanted to add talk about testing ones patience.

  10. On May 20, 2017 at 10:14 am,
    Paul L says:

    While Trump is away the stock market may keep rising but watch out when he gets back and opens his big mouth. The mice (Wall street) can play while the cat is away. He may even help hold gold up in this weak period when it is supposed to fall hard.

  11. On May 20, 2017 at 11:29 am,
    Excelsior says:

    (AXU) (AXR) Alexco Resource: Further Silver Exploration Before Production In 2018 At Keno Hill
    ResourceCapitalAG

    Interview with President & CEO Clynton Nauman

    https://www.youtube.com/watch?v=oxB3t0YbFQU

  12. On May 20, 2017 at 11:30 am,
    Excelsior says:

    Just an FYI – There are a number of great ZINC companies that presented at the MIF that were posted with descriptions on yesterday’s Doc blog here on the KER:

    http://www.kereport.com/2017/05/19/recapping-week-gold-usd-markets/

    • On May 20, 2017 at 11:31 am,
      Excelsior says:

      Some of the Keynote speaker interviews were also featured down at the bottom.

  13. On May 20, 2017 at 11:32 am,
    Excelsior says:

    Three River Morning Star and Golden Cross Signal Higher Gold Prices
    by Gary Wagner May 19, 2017
    #TechnicalAnalysis #Chart #GOLD #SILVER #VIDEO

    https://thegoldforecast.com/video/three-river-morning-star-and-golden-cross-signal-higher-gold-prices

  14. On May 20, 2017 at 11:35 am,
    Excelsior says:

    Most of the #Uranium Stocks had a nice Green day to wrap up the week:

    Uranium Stocks – Company Name – % Gain on Friday 05/19/2017

    $UWE U3O8 Corp. +20.00%
    $FUU Fission 3.0 Corp. +13.33%
    $AL ALX Uranium Corp. +12.50%
    $CVV CanAlaska Uranium Ltd. +10.53%
    $BOE.AX Boss Resources Limited +9.09%
    $URG UR-Energy Inc. +9.07%
    $UEX UEX Corporation +9.76%
    $DNN Denison Mines Corp. +7.23%
    $API Appia Energy Corp. +6.90%
    $UEC Uranium Energy Corp. +5.88%
    $LAM Laramide Resources Ltd. +5.88%
    $AAZ Azincourt Uranium Inc. +5.26%
    $FCU Fission Uranium Corp. +4.84%
    $NXE NexGen Energy Ltd. +3.86%
    $ACB.AX A-Cap Resources Limited +3.57%
    $UUUU Energy Fuels Inc. +3.07%
    $LTBR Lightbridge Corporation +2.73%
    $URA Global X Funds – Global X Uranium ETF +2.51%
    $DYL.AX Deep Yellow Limited +2.13%
    $CCJ Cameco Corporation +1.96%
    $WUC Western Uranium Corporation +1.33%
    $NLR VanEck Vectors ETF Trust +1.07%
    $U Uranium Participation Corporation +0.52%

    • On May 20, 2017 at 11:37 am,
      Excelsior says:

      The Global Nuclear Landscape Is Changing And America Better Get On Board
      James Conca – MAY 19, 2017

      https://www.forbes.com/sites/jamesconca/2017/05/19/the-global-nuclear-landscape-is-changing-and-america-better-get-on-board/#2a660af373d4

    • On May 20, 2017 at 12:13 pm,
      Dan, calgary says:

      I have a full position in UEX and will add a bit to UWE over the next couple weeks. Have reduced positions in PMs. UWE at 3 cents is risky but should follow the higher priced stuff up IMHO.

      http://stockcharts.com/h-sc/ui?s=UEX.TO

      • On May 20, 2017 at 12:22 pm,
        Excelsior says:

        Dan, calgary….. Good thoughts on UWE being more high risk/high return, and I agree that if the rest of the tide rises in the Uranium stocks it will likely travel higher with them. (as evidenced above by the Friday rally in Uranium stocks).

        I’ve reduced my Uranium mining stocks exposure since Jan/Feb, but things are starting to look interesting again, and if we get a PM relief rally that some of the technicians are expecting earlier this summer, then I may lighted up on Gold & Silver stocks into that rally and move a few profits back over to the Uranium and Lithium sectors again.

        I still have small core positions in a number of U308 stocks that I’m just holding at present, but I’m getting an itchy trigger finger to start adding again in the near future.

        • On May 20, 2017 at 12:24 pm,
          Dan, calgary says:

          I could be totally wrong on PMs but want to invest where the interest is presently low.

          • On May 20, 2017 at 12:32 pm,
            Excelsior says:

            Well, the interest in Uranium stocks is still at historic lows, so buying in this range on most companies is an excellent value for the medium to longer term.

  15. On May 20, 2017 at 11:48 am,
    Excelsior says:

    Two ways to beat the odds with mining investing
    The Gold Report | about 20 hours ago

    (Life Cycle of a Junior Mining company w/ Louis James)

    http://www.mining.com/web/two-ways-beat-odds-mining-investing/

    • On May 20, 2017 at 12:35 pm,
      Excelsior says:

      Even though Louis is late to realize the value in Development stage companies as they make their run moving into Production, I’m glad he has been pushing this theme often lately in his interviews. This part of the mining cycle has been clear for a long time to many of us that position in the Developers, and it is refreshing to hear. Most discussion on the miners is consumed with either the largest producers or the firecracker Explorers, but the Developers offer a unique opportunity for investors.

    • On May 20, 2017 at 5:50 pm,
      Steele says:

      Good article and a reminder that I need to review my watch list again.

  16. On May 20, 2017 at 11:56 am,
    Matthew says:

    Silver took back the 89 week MA on the highest volume since Trump was elected…

    http://stockcharts.com/h-sc/ui?s=%24SILVER&p=W&yr=2&mn=11&dy=0&id=p18071140014

  17. On May 20, 2017 at 1:52 pm,
    Paul L says:

    Greater Vancouver condo prices rise despite tumbling sales
    https://www.theglobeandmail.com/real-estate/vancouver/vancouver-home-sales-start-2017-below-average/article34183531/
    The price of detached houses sold in Greater Vancouver last month averaged $1.76-million, down 3.2 per cent compared with $1.82-million in February, 2016. By contrast, average condo prices in the area over the past year have jumped 13.7 per cent to $603,737, while average townhome prices have risen 10.8 per cent to $827,893.
    Change in sales mix as I said before.

  18. On May 20, 2017 at 1:57 pm,
    Bob UK says:

    What is the consensus on what will happen to the uranium stocks if the USD bottoms soon and begins a rally?

    Just trying to get a handle on what happens to oil, copper and uranium in a risiing USD environment.

    • On May 21, 2017 at 7:52 pm,
      Excelsior says:

      Bob UK – typically a rising dollar will push prices down in Oil, Copper, Uranium, and most commodities, however their unique supply/demand equations still matter on the longer time horizon.

      There isn’t really a consensus that the Dollar will go up or down for a sustained period as there is a fair distribution of both Dollar bulls and bears each pointing to imminent rally/crash charts. That means the tug-o-war may last longer than some imagine, keeping things channeling in a trading range.

      When evaluating these commodity companies, it’s important to discern which ones are actually being run like businesses that can grow, reduce costs, increase revenues and cash flows, and survive at current or even lower prices. It is also interesting to discern which ones are just slightly underwater, but would thrive if pricing just picked up by a small percentage.

  19. On May 20, 2017 at 1:57 pm,
    Bob UK says:

    Paul L – sorry to hear about your Mum.

    • On May 20, 2017 at 2:07 pm,
      Paul L says:

      Thank you. She had been struggling for many years with a weak heart and breathing problems caused by that as well as severe arthritis Went into emergency so many times and spent her last 3 weeks in intensive care at St. Joseph’s. I lived with her till 1998.

      • On May 20, 2017 at 2:13 pm,
        Bob UK says:

        I found the works of hospice pioneer Elisabeth Kubler Ross to be very comforting when my own Mum passed away – you can find a lot of her work online, but she also has several books on grief that are available from Amazon.

        Remember all the good, happy times. I am sure that a great many of them will fill your mind over the coming months and years.

  20. On May 20, 2017 at 3:04 pm,
    Dick Tracy says:

    I can tell anyone who doesn’t live in Toronto why it is exploding. We have two great universities downtown, one The U Of T has over 12 million square feet of building space that is coupled with Industry and commercial companies. Toronto is home to all our big banks that have survived the American downturn. We have a multi cultural society that is tolerant of other people’s ethnicity. We live on a stable plateau that sees reasonably good weather, no earthquakes or flood plains, and easy access to sell goods in The US. We also have no slums, a great healthcare system, and all the sporting venues you would want for baseball, hockey, basketball, tennis, or lacrosse. Toronto also has a great public transportation system and within walking distance of where I live there are over 150 restaurants. There is very little crime and you can walk and enjoy any area here even at night and feel safe, where else does that exist except for Switzerland but they don’t have our racially diverse society. Rents downtown are still reasonable compared to most places with our infrastructure in The US or Europe. Toronto still is a tolerant and well designed city for people who are rich or poor, you don’t need to own real estate here to enjoy your life . High tech companies are buying into this culture because they see a future. So far life has been good but the secret is getting out. DT

    • On May 20, 2017 at 3:26 pm,
      Dick Tracy says:

      OOPS, I forgot to talk about The Art Galleries, Operas, Museums, Movie Studios, Theatre, and all the cultural life. DT

      • On May 20, 2017 at 3:52 pm,
        Excelsior says:

        Yes…. but does Toronto have….

        Three French Hens
        Two Turtle Doves
        And a Partridge in a Pear Tree ?

        • On May 20, 2017 at 3:58 pm,
          Dick Tracy says:

          Ex, no, we don’t have a casino, but Toronto the good does have a lot of churches. DT

          • On May 20, 2017 at 4:13 pm,
            Excelsior says:

            That was a 12 days of Christmas reference…. 🙂

            not sure where the casino comment came from, but duly noted….

          • On May 20, 2017 at 4:15 pm,
            Excelsior says:

            I guess a good follow up question though would be do those churches have BINGO?

            😮

          • On May 20, 2017 at 5:44 pm,
            Dick Tracy says:

            Ex, we do have bingo, there is a certain element of society that likes to smoke and play bingo, the organized BINGO halls have their own buildings.

          • On May 21, 2017 at 11:07 am,
            Silverdollar says:

            DT:
            Easy to tell you are a proud Canadian and like where your City has taken itself. Go easy on the sales message you just posted or you may create a flood of others looking for the fabulous attributes you described so aptly. Was in your airport once and remember some nice restaurants/lounges; very clean and inviting. You’re a lucky man to live in and love the same place.

    • On May 20, 2017 at 4:08 pm,
      Paul L says:

      The best location in Canada to invest and maybe North America.

    • On May 21, 2017 at 12:08 pm,
      Bonzo Barzini says:

      Toronto sounds nice except for the winters, and it’s so far north that it’s hard for the body to make vitamin D from UV-B rays.

  21. On May 20, 2017 at 6:01 pm,
    Ozibatla says:

    This bitcoin rally is crazy. Comfortably over $2000, where does it end? And if and when it does end, will it be a gradual grind lower or a cascade type collapse?

    How this is not getting more coverage in Auatralia is beyond me. A greater than 100% increase in a few months is without comparison. Unfortunately, whilst this continues, I see it as stealing some of golds luster and lure as a safe haven in uncertain times.

    • On May 20, 2017 at 8:05 pm,
      Steele says:

      Clif High predicted a Bitcoin price rise to $13,000, timeframe undetermined. This market is not widely followed nor understood, and also lacks liquidity, thus creating huge price swings. Ethereum may be the better play anyway.

      https://www.investing.com/analysis/should-you-invest-in-ethereum-200181392

    • On May 21, 2017 at 9:39 am,
      Robert Moriarty says:

      Oz:

      We all know what happens when the price of anything goes curvilinear.

      • On May 21, 2017 at 12:18 pm,
        confused says:

        But its different this time;)

    • On May 21, 2017 at 11:30 am,
      brian says:

      A look at a weekly chart for DDD (3-D printing bubble), may give you a clue as to what will happen with bitcoin. I am neutral bitcoin; just a passive observer.

      http://www.profitconfidential.com/stock-market/3d-printing-stocks-ddd-finally-bottomed/

      • On May 21, 2017 at 8:01 pm,
        Excelsior says:

        Brian – good analogy using the DDD chart. There are countless parabolic rise and fall charts like this, but people fuel new ones just like it every day.

  22. On May 20, 2017 at 7:48 pm,
    Markedtofuture says:

    Strategies for Finding Ten-Baggers: John Kaiser and Gwen Preston

    https://www.youtube.com/watch?v=IKSl1WoXSn0

  23. On May 20, 2017 at 9:02 pm,
    Chartster says:

    For those that look at the industrial commodities and emerging markets, the move Friday was very good. In fact, most charts are signaling a major move up, and perhaps the start of a huge commodity / emerging market boom!
    The gold space won’t be good for a few months, and after the gap is filled in the conventional markets gets filled, it could get real ugly. Which makes industrial commodities and emerging markets look very Very good…😉

    • On May 21, 2017 at 1:50 am,
      Bob UK says:

      Chartser, you think copper is about to soar? What about platinum? Coal?

      I saw that FCX and Teck did good this week – perhaps bottomed – but wondered whether that was because of the oil price and that both do have some oil production.

      • On May 21, 2017 at 1:23 pm,
        Chartster says:

        Bob UK,
        I do think copper is about to soar. Coal is starting to look good too. It still looks like platinum has some work to do before it gets a bid. All of the industrial commodities look great! The next week or two should conform this.

        • On May 22, 2017 at 4:31 am,
          Bob UK says:

          Thanks for your thoughts Chartster. Thinking of picking up some copper miners this week, perhaps TECK. also.

  24. On May 21, 2017 at 2:40 am,
    Skeeta says:

    Thanks for another great weekend show fella’s.
    Much appreciated as always.
    Cheers.

  25. On May 21, 2017 at 7:54 am,
    Ann says:

    Awesome comments from all of you guys!!Thank-you!!

  26. On May 21, 2017 at 9:04 am,
    Markedtofuture says:

    FWIW – Published on May 19, 2017
    Josh Sigurdson breaks down groundbreaking information from top anonymous sources exposing George Soros, Kyle Bass, Eric Sprott, Peter Schiff and the role GoldMoney, Hayman Capital and Dillon Gage have in monopolizing the Texas gold industry by weaselling into the administrative rolls at the Texas Gold Depository and UTIMCO.

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

  27. On May 21, 2017 at 9:24 am,
    kingstonbill says:

    $BPGDM and $HUI have both given buy signals on the point and figure charts on the 18 and 11 of May respectively. They bear watching for follow through.

  28. On May 22, 2017 at 8:28 am,
    Matthew says:

    GLD golden cross (50 day MA moving above 200 day MA):

    http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=1&mn=0&dy=0&id=p25345959968&a=521457207

  29. On May 22, 2017 at 8:31 am,
    Matthew says:

    Someone here very recently stated that there was nothing bullish about SLV:GLD and he was wrong:

    http://stockcharts.com/h-sc/ui?s=SLV%3AGLD&p=D&yr=1&mn=5&dy=13&id=p36847712750&a=521853037

    • On May 22, 2017 at 9:48 am,
      spanky says:

      That would have been me. I never said we wouldn’t get a pop in the short run. Heck, we might rally all the way back to the 20 WMA. But I don’t think the may low is going to hold, personally. And let’s see how we close out this week before we start with the hootin’ and hollerin’. :p

      BTW, I am still long all of my miners. I still think we could be in a bull market, it’s just that the basing process might play out for much longer than I originally anticipated (it already has). I am also putting the worst possible spin on things to prepare myself mentally. So in the case I am wrong, which I hope I am (and wildly so) I will be very very relieved and happy. Your charts have kept me in the game (no pressure on you of course–I am willing to take losses based on my own mistakes).

    • On May 22, 2017 at 9:56 am,
      Matthew says:

      Not “hootin’ and hollerin'” just pointing out that it moved the way I thought it would based on some objective (not subjective) technical positives.

      Here’s the GSR for those who prefer it to the SGR:

      http://stockcharts.com/h-sc/ui?s=GLD%3ASLV&p=D&yr=1&mn=1&dy=13&id=p32176764482&a=521820217

      • On May 23, 2017 at 6:01 am,
        confused says:

        Matt,
        any thoughts on this chart? Is it as bearish as this poster says???
        https://goldtadise.com/wp-content/uploads/2017/05/BPGDM.png

        • On May 23, 2017 at 6:36 am,
          Matthew says:

          I don’t know what the poster said about it but the BPGDM is more bullish than bearish right now. the daily chart is fine and the weekly chart is better.

          • On May 23, 2017 at 7:19 am,
            confused says:

            ya i thought that was odd. thanks again for your pro TA input

    • On May 22, 2017 at 11:38 am,
      GH says:

      Last thursday was a beautiful, classic back-test in these ratios.

  30. On May 22, 2017 at 9:52 am,
    spanky says:

    Someone needs to light a fire under EXK. It has been a major dud.

  31. On May 22, 2017 at 9:57 am,
    spanky says:

    If $CDNX has a new leg up, I’ll acknowledge that the miners have probably seen their lows. $CDNX has very narrow bollingers on the weekly, so even if there is a breakout, it could be accompanied by a headfake lower first or some waffling around the 20 WMA first.

  32. On May 22, 2017 at 1:50 pm,
    spanky says:

    Silver miners, at least two of the ones I hold (AG and EXK) faded pretty hard into the close, diverging yet again from slv.

  33. On May 23, 2017 at 4:37 am,
    Markedtofuture says:

    Flammable Ice

    The big story in Asia has been that China made a major breakthrough being able to extract gas from what people call “Flammable Ice” located under the South China Sea. This has been at the core of China’s insistence on controlling the area.This is an important future global energy supply and not merely a territorial power grab

    https://www.armstrongeconomics.com/markets-by-sector/energy/flammable-ice/

  34. On May 23, 2017 at 6:43 am,
    Matthew says:

    Galane Gold has been improving lately and is halted this morning.

    http://stockcharts.com/h-sc/ui?s=GG.V&p=W&yr=4&mn=1&dy=0&id=p63353576458&a=478858128