Recapping the Fed minutes and the moves in oil and gold
The major mover today is the oil price and this is on the back on new from OPEC regarding extending production cuts but not expanding them. I discuss this with Chris Temple as well as recap the Fed minutes from yesterday. We also look at gold and its ability to hold steady whether you think that is a good thing or a bad thing…
Click here to visit Chris website for more valuable information.
Click download link to listen on this device: Download Show
everything is manipulate…….
Let’s stop wasting time on the BS artist FEDSters
Just ranting…….pay no attention to me……
Big Law Moves Big Time into Trump Administration – After Financing Hillary’s Campaign
President Donald Trump’s demands for loyalty from the individuals in his administration have been a hot topic for weeks in U.S. media. But what the media has yet to explain is how so many law partners from global corporate law firms that were outsized donors to Hillary Clinton’s presidential run last year, giving crumbs by comparison to Trump’s campaign, now hold seats of power throughout the Trump administration.
Central Banker no. 1……..GREECE…….bomb goes off in car…….zh
Someone got fed up……
Is It Time To Buy Gold Again? No
MAY 25, 2017 – BY JC
Why Gary Wagner Is Not Taking $1,300 Gold Off The Table
May 25, 2017 – Guest(s): Gary Wagner
“Gold prices continue to hold on to small gains after initial weekly U.S. jobless claims saw muted change, rising by 1,000 to a seasonally adjusted 234,000 in the week to Saturday, the government said. Gold was already showing some modest gains ahead of the report and was relatively unchanged in initial reaction. June Comex gold futures last traded at $1,257 an ounce, up 0.31% on the day.”
“Immediately following the release of the minutes, we saw U.S. equities moving modestly to higher ground. At the same time, we saw the U.S. dollar trading modestly lower and gold trading slightly higher,” Gary Wagner of thegoldforecast.com said. “These actions come about as a result of the Federal Reserve’s resolve to implement another interest rate hike in June. Based on the CME’s FedWatch tool, which had been forecasting around a 60% probability of an interest rate hike in June, the likelihood has moved closer to 80%,” he added. However, Wagner remains constructive on the gold market and noted in the interview with Kitco News that he has not taken $1,300 gold, as a target, off the table. ”
JUNK NEWS>>>>>>>who believes this anymore………
I agree that the government numbers are a flawed statistic, but Gary and the general markets still use them to trade off of and they effect sentiment. He is wise enough to marry his technical analysis to the sentiment drivers from these numbers (as wacky as they are).
I know that, I am just giving you a hard time…… 🙂
I have to keep up with the Political stuff, since OWL is away on R&R
Thanks OOTB …. The BOOT….The Claw….. 😉
Keep up the great work sir!!
Man, you are doing all the good work…….appreciate ………..OOTB
SILVER COIN BUYS UP 140% ECLIPSING GOLD – HERE’S WHY
By Soren K.Group 3h ago – via SRSrocco report
https://www.marketslant.com/article/silver-coin-buys-140-eclipsing-gold-heres-why
DEEP State DNC…working to eliminate tweets on Seth Rich story….on some tweeters………zh
Sean Hannity……DNC stopping Seth Rich story………
Swamp just getting more dangerous ……..
BOMB goes off in car of Prime Minister and Central banker…….GREECE…….zh.
it is either a message to the sheeple or the sheeple are sending a message they have had enough…….what ever it is, not good……..
make that the former prime minister……..
Who would have guessed a year ago that Chris has become one of the most positive analysts on the subject of gold? Let’s add that the 50 day is back on top of the 200 day again. Not bad…..
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=2&dy=0&id=p36342424654&a=484925243
IS BIG OWL on vacation………….
Good on him. The Big Owl needs a little R&R like we all do.
the guy is always on R&R…… 🙂
he’s a smart guy then …. 😉
FBI>>>withholding Russia info from Insight committee……….zh
why of course they are……..they are waiting tell Chaffes(sp) leaves office,
Toronto Homeowners Are Suddenly in a Rush to Sell
by Kim Chipman
May 24, 2017, 4:00 AM CDT
> Home Capital woes combined with new tax measures cool market
> Listings soar in first half of May as sellers rush in
I’m pretty sure this new trend started when we discussed the Toronto real estate bubble here in the KER recently, and ferreted out that there are no casinos and only churches with Bingo.
Time to hit the sell button on Toronto real estate 🙂
Sorry DT, but apparently the Robots are going to be building other Robots that are planning to build a better city in the near future. It is putting other cities out of work…. 😮
Ex, I would like to see our real estate markets cool here before this city becomes a place for only the uber rich and the robots. I’m not sure it is going to happen this time as three of our big banks just reported great earnings today and HSBC which is trying to squeeze into Toronto’s mortgage department has just offered a new low 5 year closed mortgage at 2.39%. I would like to remind you that in the old days twenty years or so ago mortgages were traditionally anywhere from 8 to 14%. The other banks must now match or improve on that offer. The madness continues and like The Joker said ” This town needs an enema”.
Haha – Love that Joker quote. It never gets old!
Yes, I remember that period of 8-18% (my folks had a house in California back in the 80’s where they had 17.3% interest on their mortgage). There were people in my office a decade back bragging about 7% then the crash then 6% then 5.5% then 5% then 4.75% then 4.25%, then 4% (my current rate – and yes I boasted at the time) then 3.75% then 3.25%, and now….. 2.39% [crazy times].
The guys on the KER are TREND SETTERS>>>>>>>>
+1 It happens here first….
Off topic:
Seth Rich summary
One of leakers identified as Lindsay Graham staff member.
The Greatest Benefactor of US-Russian Relations – Anfield Resources (ARY) (ANLDF)
Palisade Research May 25, 2017
Like many other commodities, the price of uranium is cyclical….
“Anfield is a near-term production company with assets all in the United States. Its low-risk profile and high return potential have not attracted as much investor attention as this company deserves. Anfield has managed to bypass the long lead times associated with advancing to production through both the acquisition of an existing mill in Utah and an RPA signed with Uranium One to use its existing processing plant. This is a significant differentiator when comparing Anfield to other non-producers or those who aim to reach production in the coming years.”
Thanks for posting, but it seems too good to be true Excelsior.
Hi Bob UK – I own the company because I like US in-situ recovery operations and follow the Uranium space like a hawk. They picked up the assets from Uranium One (the company the Clintons and Guistra sold to the Russian conglomerate). A nice score for Anfield, but it’s like nobody has noticed yet [except Palisade Radio]. I’d rather it stay on the low down a bit longer as I’ve been trying to do some stealth acquiring 🙂
Well, in theory if we do get a ramp up in the price of uranium it looks well placed to do well.
Do you have any potential/forecasts? Is this a potential doubler or more?
I’m expecting much more than a double in it when the uranium prices take off. In-situ miners have much lower operating costs. Ur-Energy for example has costs in the $21-$24 per lb range. Uranerz (before it was acquired by Energy Fuels) was in that same ball park. There is another new in-situ Uranium miner in the US (Aussie owned) called Peninsula Energy. These stocks will be more like 4-10 baggers once the price gets up in the $60 range.
The risk in these US based Uranium producers or developers is not in price, it is in time.
It may take until 2018-2020 before liftoff, so there could be substantial opportunity costs in holding dead money. I’m just adding to them little by little during dead times (like now, with Uranium trading at $20 per lb).
I really thought at the end of last year Nov/Dec when the price hit $17.75 and then started moving up, and reactor approvals in Japan, and Trump tweets, and most importantly the Kazakhstan cuts, that the whole U308 sector had finally bottomed.
The move out of the end of last year into Jan/Feb of this year was splendid with most companies up 50% – 150%, so it seemed like the shot across the bow…. Maybe it still was, and we are just double-bottoming around the $20 area, but I’ve given up trying to figure out WHEN Uranium will finally start heading higher.
It really hinges upon longer term off-take agreements getting negotiated, and there have been some new ones around $55 for Peninsula, and the old ones from Cameco, Energy Fuels, and Ur-Energy are in the Mid $40s to high $50’s, but even then the industry really needs $50-$60+ longer term prices to get into gear.
Until then it remains one of the most hated, unloved, and misunderstood sectors in the Resource and Energy space. Only the contrarian’s contrarians would dare enter the treacherous waters…… (lol)
Thanks – I will take a look at the US listed ones. I can buy US stocks but not Canadian listed stocks.
I admit to being a tad worried about all metal commodities at the moment if the USD bottoms and begins an upleg. Not having played the uranium sector before I am not sure how it responds to the USD going up and down.
I watched this video today:
‘Resources analyst Charlie Long sees good times ahead for uranium’
The kind of double I would like to see are slender twin brunettes around 35 years old wearing deep dark red lipstick driving around in a golden Hummer or sitting on the hood of a Merc Cruiser at the boat show, HUH! DT
Thanks – your subsequent posts answered some of the things on my mind about the sector.
While my mind is on Uranium miners….. just a quick heads up:
Nexgen (NXE) will be ringing the bell on the NYSE next week (Tuesday I believe). Now that they are duel listed, they’ll likely be the “go-to” Canadian Uranium stock operating in the Athabasca. They’ve had a nice sell-down, and I’ve been adding back to my position in NXE and would expect the NYSE exposure to bring in a larger group of institutional investors and US investors for the next leg up.
(UUUU) (EFR) Energy Fuels is still the biggest and best US-Based Uranium company. They are like the American mini-Cameco…. Obviously there is also (UEC) Uranium Energy Corp, which is Amir Adnani’s Texas-based insitu development company. They’ll attract a lot of eyeballs due to his ability to promote and pump stocks (with the assistance of the promotion collective of Marin Katusa, Rick Rule, and Doug Casey). For US based companies those are the 2 most followed.
I still love little (URG) (URE) though because they run a lean/mean machine, and have lower cost in-situ operations but the higher $51 average off-take contracts.
DT – Just saw your comment and agree your “Double” sounds much more enticing.
Hunt for #Zinc and #Uranium with #GwenPreston
GoldNewsletter – Published on May 16, 2017
“After the better part of a decade in mining journalism, Gwen Preston has gone out on her own to find the best natural-resource opportunities around the globe. Based in Canada and writing as the Resource Maven, her next trip is to Mongolia, and she delivers plenty of candy for investors to chew on.”
Jordan Trimble: Uranium Exploration and Opportunity in the Athabasca Basin
BY COLLIN KETTELL – MAY 14, 2017
http://palisaderadio.com/jordan-trimble-uranium-exploration-and-opportunity-in-the-athabasca-basin/
If anyone missed this interview with the boss of Denison, it is a great overview of where the macro economic picture is for the Uranium market. Denison has partnerships with Areva to mill ore from Cameco, and spun out their African assets into GoviEx, and also have a strategic stake in Skyharbour Resources. Dension is the company that sold Energy Fuels their White Mesa mine that allowed them to go into production…. so Denison has been a producer and knows the game. Aside from the advanced development projects they have in the Athabasca basin, and all their JVs, DNN also has an environmental mitigation business that generates revenue.
If anyone knows the Uranium business – It’s David.
__________________________________________________________________________
David Cates: Welcome to The Uranium Supercycle
BY COLLIN KETTELL ON FEBRUARY 22, 2017
David D. Cates is the President and CEO of (DNN) (DML) Denison Mines Corp. and (U) Uranium Participation Corp.
http://palisaderadio.com/david-cates-welcome-to-the-uranium-supercycle/
Anglo Asian Mining back in the black as copper output doubles
Cecilia Jamasmie | about 7 hours ago
http://www.mining.com/anglo-asian-mining-back-black-copper-output-doubles/
Galane Gold is looking very good (finally)…
http://stockcharts.com/h-sc/ui?s=GG.V&p=W&yr=3&mn=7&dy=11&id=p27575211420&a=522232742
In need of motivation? Here’s a good rant.
Will GDX still fill the May 10 gap or…
http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=0&mn=5&dy=13&id=p74784393088&a=526025805
Nice write up on trilogy metals by mickey fulps
http://www.goldgeologist.com/update/ma10.pdf
Interesting John Paulson has 11.5 million shares of TMQ, or he did as of his last required filing:
The above is his most recent 13-F public filing.
Paulson owns a lot of THM as well.
You boyz better pull out yer wallets and checkbooks…Suckerburg wants you to give everyone everything.
Mark Zuckerberg joins Silicon Valley bigwigs in calling for government to give everybody free money
Twitter Suspends WND For Seth Rich Story
“We have determined that you have violated the Twitter Rules, so we’ve temporarily limited some of your account features. While in this state, you can still browse Twitter, but you’re limited to only sending Direct Messages to your followers – no Tweets, Retweets, or likes.”
http://www.zerohedge.com/news/2017-05-25/twitter-suspends-wnd-seth-rich-story
DNC snakes are working real hard to hide the truth………….
Hannity is on their target list………………….
I think Canada should open a bobble head museum for some of our favorite characters, they should make a bobble head doll of Don Cherry another Canadian institution and place him next to our beloved Ex-Mayor Rob Ford. Then we could have a fan appreciation vote to see who would win. Ford or Cherry, what a vote that would be. LOL! DT
Circa News shares some investigating reporting
It is quite clear that Obama behaved like he was some scum dictator of an African country.
Clear violation of Constitution (4th amendment) There was no justification for his actions. Comey is clearly a liar.
https://www.dni.gov/files/documents/icotr/51117/2016_Cert_FISC_Memo_Opin_Order_Apr_2017.pdf
Record Outflows From GDX
by @Goldfinger on May 26, 2017
Thanks, that’s great news.
It looks like most of the selling pressure may have gotten out of the way a bit early this year. This is the right kind of environment to birth a mini-rally in the miners as the selling is getting exhausted.
Personally, I’m still mildly concerned about the GDXJ liquidation in many stocks that may continue until the June 17th adjustment, but most of the selling has been front-run and over-done.
I think it is very significant and bullish that such huge record selling took place in the seniors.
Let’s face it, the vast majority of investors, large or small, have had the exact same outlook lately. Therefore, the “summer” low might already be behind us.
Regarding Scorpio Gold. I just did a little update on ceo and figured I’d post it here because there are a few investors that follow their story:
________________________________________________________________________
It will be curious to see how things go on their new toll milling set up with Lode Star, and if they make the decision to process their old tailings. Those are 2 more near term value drivers, but really it comes down to how their exploration goes on some of their 2017 drill targets, which may allow them to start some new shallow open pits to feed their mill. I could understand the desire to jump ship, but likewise the desire to add to positions here for more of a turnaround play and re-rating of this stock.
Personally, I had entered $SGN into the #StockPickingContest because I believed then (and still believe now) they have some very prospective targets for the 2017 Exploration program and this would allow them to surprise the markets by extending their mine life.
So even though they are a smaller unloved #Gold Producer, and now they are also a Toll-milling operation; I still see their upside as based on new discoveries. It will be interesting to watch their 2nd half of the year to see what develops, so for now… I’m going to weather the storm of low share-prices and see how things play out.
* Here was their 2017 Outlook based on their April release recapping the 2016 year end results:
“Based on the Company’s current mine plan, it currently anticipates mining of gold at Mineral Ridge through to August 2017. Due to permitting timelines, the Company anticipates production of gold at Mineral Ridge to be 20 – 25,000 ounces from the Mary LC, Brodie and Bluelite south pits. The Custer pit and other areas for which permitting is outstanding, are not included in this production estimate and will be evaluated for economics of associated mining timelines when permits are received. Given the Company’s short remaining life of mine, it is taking initiatives to extend the life of mine at Mineral Ridge through additional drilling to expand its resources, applying for permits to expand and extend current operations of new and existing pits, expanding the heap leach pad, and conducting a drilling program on its leach pad to determine if the leach pad material is amenable for further gold recovery using milling processes.”
https://ceo.ca/@marketwired/scorpio-gold-reports-fourth-quarter-and-provides-year-end
Scorpio Gold Commences Milling of Lode-Star Ore at its Goldwedge Property
May 8, 2017 –
“Scorpio Gold Corporation (SGN) (SRCRF)is pleased to announce the milling of Lode-Star Mining Inc. (“Lode-Star”) ore at the Company’s Goldwedge processing facility, located 54 km north of Tonopah in Manhattan, Nevada, and 120 km north of Lode-Star’s Goldfield Bonanza property.”
“As previously announced in the Company’s February 21, 2017 news release, testing was conducted on Lode Star ore delivered to the Goldwedge milling facility. The Goldwedge mill is a fully permitted, 400 ton per day facility with an associated gravity recovery circuit. The Lode Star ore was separated into three batches and processed through the milling circuit, while adjustments were made to the wet mill cyclones prior to each batch. These cyclone adjustments affect the final particle size and provide a range for grind size versus recovery and associated throughput. This testing, when analyzed, will provide the baselines for metallurgical recoveries and mill throughput data to support the economics of processing Lode Star’s ore. The coarse gold component of Lode-Star’s material was recovered by the gravity circuit. Further testing will be conducted on the tailings to determine the potential economics of shipping tailings to the Company’s Mineral Ridge heap leach operation for final recovery of cyanide-leachable precious metals. Metallurgical testing of the batched product will be conducted by Kappes Cassiday of Reno, Nevada.”
Scorpio Gold’s President, Chris Zerga, comments, “Although this testing was somewhat delayed due to permitting, the milling of the Lode Star ore at our Goldwedge facility went as planned and we look forward to reviewing the results from the metallurgical testing. These results should provide the basis for a long-term toll milling contract with Lode-Star.”
Scorpio Gold – Corporate Presentation – May 2017
http://www.scorpiogold.com/i/pdf/ppt/CorporatePresentation.pdf
$BLK.AX Blackham Resources Limited on their Aussie listing
$0.315 +$0.065 (+26.00% gain) At close: 4:10PM AEST
Let’s see how $BKHRF opens up today.
______________________________________________________
Share Trading Activity and Operations Update
26 May 2017
“Blackham reconfirms its #gold #production guidance of 40,000 to 45,000oz for FY17 being circa 8 months since first gold pour.
The successful results from the Preliminary Expansion Study aimed at growing gold production beyond 200,000ozpa was released on 8 May 2017. Blackham released exceptional #drilling results from the East and West lode drilling on 22 May 2017.”
http://blackhamresources.com.au/wp-content/uploads/2017/05/Share-Trading-Activity_.pdf
$1268…….gold looking good…………jmo
(NVO) Novo and Artemis Establish Earn-In/Joint Venture Agreement; Unveil a Large New Gold Project in Western Australia
by @nasdaq on May 26, 2017
https://ceo.ca/@nasdaq/novo-and-artemis-establish-earn-injoint-venture-agreement
It appears the markets like this Novo Resources news. About dang time…. 🙂
SLV/silver is at the upper Bollinger band…
http://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=1&mn=0&dy=0&id=p19326061615
Do you think it could run up that BB, or will the upper BB smack it down?
I think it can and will move up it. Next week should be pretty good.
Looking forward to it.
Epstein Morning:
AXU looks fine to me:
http://stockcharts.com/h-sc/ui?s=AXU&p=D&yr=1&mn=6&dy=0&id=p62732349516&a=526130741
I’d like to see that bottom trendline across the lows hold as support for AXU, but agree that it looks ready to bounce from there.
Lows always look pitiful; that’s why they catch so many off guard.
You cannot avoid taxation by paying employees in Bitcoins instead of dollars.
Further, the IRS is subjecting merchandise trade to its $600 filing limitation .
E.g. if you paid two Bitcoins to Overstock.com for a new flatscreen you are supposed to issue Overstock a 1099 . Yeh, Right! (this is not a joke)
long TGTX
TAORMINA, Sicily (AP) (A really beautiful place -CFS comment)
— President Donald Trump has said Germans are “bad” for having a large trade surplus with the United States, drawing attention to a contentious issue at a summit of world leaders where trade is already a sticking point.
As the leaders of seven wealthy democracies gathered for difficult talks on trade and climate change, Germany’s Der Spiegel reported that Trump had told EU leaders the day before that the Germans were “bad, very bad.”
White House economic adviser Gary Cohn sought to clarify the situation Friday, noting that the president “said they’re very bad on trade, but he doesn’t have a problem with Germany.”
Trump, Cohn added, had noted that “his dad is from Germany” and said: “‘I don’t have a problem Germany. I have a problem with German trade.”
The president of the European Union’s executive Commission, Jean-Claude Juncker, said Trump was “not aggressive” in his comments and called the report “exaggerated.”
It’s not the first time Trump takes aim at Germany’s trade prowess.
In January, he said that German car manufacturers like BMW could face U.S. tariffs of up to 35 percent if they set up plants in Mexico instead of in the U.S. and try to export the cars to the U.S.
Trump has said he wants trade to be balanced and fair as well as free so that it benefits U.S. workers and companies. He has focused on relationships where the U.S. buys more than it sells — as is the case with Germany and China.
VIX manipulation:
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2972979