Weekend Show – Sat 15 Jul, 2017

Markets Shaken By Yellen’s Comments and Weak Economic Data

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It was another interesting week in terms of economic and political news as well as central bank news. On the economic front Core CPI disappointed with a 0.1% increase and retail sales posted a decrease that was not anticipated. Ont he central bank front we had Yellen address Congress and the Senate, with not much new to say, and the Bank of Canada raise rates 25 basis points.

On the back of all the news precious metals rallied after 5 straight down weeks and the broad averages largely ignored everything mentioned above. We look ahead tot he rest of summer and the year to assess what will be the major trends.

I always love to hear from all of you! Please email me at anytime if there are any companies (especially ones at the upcoming Sprott Conference) that you would like me to reach out to and have on the show. My email is Fleck[at]kereport.com.

We hope everyone has a great weekend! I will be at the Make A Wish Slow Pitch For Kids Tournament in Vancouver. It’s one of our favorite tournaments and supports a great organization.

  • Segment 1: Brent Cook kicks off the show outlining the resource sector and stocks he is focusing on currently.
  • Segment 2: Excelsior Mining President and CEO Stephen Twyerould updates us on the recent amended permit at the Johnson Camp Mine and the overall Gunnison Copper Project.
  • Segment 3: Trader Vic argues the Fed still has your back after what Yellen said to Congress and the Senate.
  • Segment 4: Marc Chandler outlines the change sin money flow we are seeing around the world.
  • Segment 5: Valentin Schmidt Business Editor of The Epoch Times discusses the real estate environment in Mainland China.
  • Segment 6: Valentin Schmidt discusses free press and the origin of The Epoch Times.
  • Segment 7: Big Al discusses political warfare with senior political writer of The Epoch Times Josh Phillips.
  • Segment 8: Chris Temple joins Big Al and Josh Phillips in discussing domestic political warfare.

Important Company Updates This Week

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Victor SperandeoMarc ChandlerValentin SchmidChris TempleAl KorelinCory Fleck
Brent CookJoshua Philipp

  1. On July 15, 2017 at 3:17 am,
    Tad says:

    Thanks for your hard work fellas….. it’d always appreciated !

  2. On July 15, 2017 at 3:18 am,
    Skeeta says:

    Thanks as always fella’s…much appreciated.
    Cheers !

    • On July 15, 2017 at 8:25 am,
      Excelsior says:

      Agreed “Big Ups” to Big Al & Cory and all the contributors to the Weekend Show!

      “It’s gonna be a really big…show….”

      • On July 15, 2017 at 10:45 am,
        Big Al says:

        Excelsior; Skeeta; and, Tad thank you very much. Putting together KER Politics is the highlight of my week. I guess that i am selfish in that respect. God bless you all.

      • On July 15, 2017 at 1:04 pm,
        Ebolan says:

        They’re stars, stars I tells you!

      • On July 15, 2017 at 5:14 pm,
        OOTB Jerry says:

        Dang, ..that is well over 80….people who have died ….sick..

        • On July 15, 2017 at 5:16 pm,
          OOTB Jerry says:

          Should be posted under Clinton Haiti article

        • On July 15, 2017 at 5:53 pm,
          Ebolan says:

          Yup and the last person who was scheduled to testify against something scandalous that the Clintons were involved in was killed by his exercise equipment before he could testify.

          This time suicide by gun shot to the head. At least this time the Clintons used a little more believable method.

          • On July 15, 2017 at 7:07 pm,
            Excelsior says:


  3. On July 15, 2017 at 4:58 am,
    jhpace1 says:

    Are we seeing the totalitarian-promoting Progressive Left in America using the same tactics as both Islamic and Chinese/dictatorship representatives use in America to address, divert, and influence reporting media and academic institutions? Both the “carrot and the stick” as well as “good guy, bad guy”, and “let me be your source for our country/religion/movement”.

    Even in Washington, D.C., there are “influences” there to shape, mold, and divert attention away from classical recognition and defense to more convoluted ineffectiveness. And gradual acceptance over naysayers.

    On precious metals: virtually every report I have read/listened to agrees that the July 3 manipulation was more blatant than ever, and coincided with the July 3 week’s FOMC meeting. We can only wait for non-manipulated recovery to previous highs, before the next orchestrated event.

    • On July 15, 2017 at 9:58 am,
      OOTB Jerry says:

      ..Washington D.C., interesting how the name was chosen…..

      • On July 15, 2017 at 3:00 pm,
        Markedtofuture says:

        Haiti Official, Who Exposed The Clinton Foundation, Found Dead In Miami

        Klaus Eberwein, a former Haitian government official who was expected to expose the extent of Clinton Foundation corruption and malpractice next week, has been found dead in Miami. He was 50.


        • On July 15, 2017 at 5:18 pm,
          OOTB Jerry says:

          Isn’t that the second official from Haiti to die around the Clinton’s foundation fund

          • On July 15, 2017 at 5:19 pm,
            OOTB Jerry says:

            Frank better watch out….

          • On July 15, 2017 at 5:56 pm,
            Markedtofuture says:

            ARKANSIDE EPIDEMIC ! – Clinton Email Investigator Peter J Smith – Suicided By Helium Asphyxiation

            Published on Jul 15, 2017
            A Republican Party operative who said he tried to obtain Hillary Clinton’s emails from Russian hackers committed suicide days after speaking to The Wall Street Journal, records acquired by the Chicago Tribune show.


          • On July 15, 2017 at 6:00 pm,
            OOTB Jerry says:

            Dang….no.83 who will be next

          • On July 15, 2017 at 6:03 pm,
            OOTB Jerry says:

            Abbadin and Weiner …..

        • On July 15, 2017 at 5:40 pm,
          Ebolan says:

          Dang, and to think I recently got reamed (not here) for even suggesting that the Clintons might have bumped off Seth Rich.

          Maybe this guy will run into Seth Rich up there in heaven in the special Victim of the Clintons level, the 4th Heaven.

          • On July 15, 2017 at 5:47 pm,
            OOTB Jerry says:

            The ignorant public has not been keeping up…

          • On July 15, 2017 at 6:05 pm,
            Markedtofuture says:

            This guy will have some answering to do. CIA Agent Confesses On Deathbed: ‘We Blew Up WTC7 On 9/11’

            79-year-old retired CIA agent, Malcom Howard, has made a series of astonishing claims since being released from hospital in New Jersey on Friday and told he has weeks to live. Mr. Howard claims he was involved in the “controlled demolition” of World Trade Center 7, the third building that was destroyed on 9/11.


          • On July 15, 2017 at 6:10 pm,
            Markedtofuture says:

            Other things are heating up…Trump’s War on Pedophiles Just Went Hot

            Just before leaving for his trip to France, President Trump sent three Anti-Human-Trafficking bills through the House of Representatives and on their way to the Senate. Curiously – or not – we haven’t heard much about this from #FakeNews outlets like CNN.

            Here is a quick review of the three bills…


          • On July 15, 2017 at 6:11 pm,
            OOTB Jerry says:

            About time..

          • On July 15, 2017 at 6:14 pm,
            OOTB Jerry says:

            Dante ‘s Inferno…..would be a good read for Bush and hilly billy

          • On July 16, 2017 at 5:53 pm,
            Markedtofuture says:

            Something-Burger Versus Nothing-Burger?

            Is there really any ‘there’, there?


        • On July 15, 2017 at 6:06 pm,
          Ebolan says:

          Dang, this cries out for justice. Just unfreakin’ believable how corrupt the Clintons are and they just get away with it. And the lamestream media not only does not cover it but smears people who do try to get the truth out.

          Mr. Big Al Korelin, maybe you can do a segment on this for KER Investigations!

          Klaus Eberwein, a former Haitian government official who was expected to expose the extent of Clinton Foundation corruption and malpractice next week, has been found dead in Miami. He was 50.

          Eberwein was due to appear next Tuesday before the Haitian Senate Ethics and Anti-Corruption Commission where he was widely expected to testify that the Clinton Foundation misappropriated Haiti earthquake donations from international donors.

          According to Miami-Dade’s medical examiner records supervisor, the official cause of death is “gunshot to the head“. Eberwein’s death has been registered as “suicide.”

          Eberwein, who had acknowledged his life was in danger, was a fierce critic of the Clinton Foundation’s activities in the Caribbean island, where he served as director general of the government’s economic development agency, Fonds d’assistance économique et social, for three years.

          According to Eberwein, a paltry 0.6% of donations granted by international donors to the Clinton Foundation with the express purpose of directly assisting Haitians actually ended up in the hands of Haitian organizations. A further 9.6% ended up with the Haitian government. The remaining 89.8% – or $5.4 billion – was funneled to non-Haitian organizations.

          “The Clinton Foundation, they are criminals, they are thieves, they are liars, they are a disgrace,” Eberwein said at a protest outside the Clinton Foundation headquarters in Manhattan last year.

          The former director general of Haiti, who also served as an advisor to Haitian President Michel Martelly, was also a partner in a popular pizza restaurant in Haiti, Muncheez, and even has a pizza — the Klaus Special — named after him.

          According to the Haiti Libre newspaper, Eberwein was said to be in “good spirits“, with plans for the future. His close friends and business partners are shocked by the idea he may have committed suicide.

          “It’s really shocking,” said Muncheez’s owner Gilbert Bailly. “We grew up together; he was like family.”

          Bailly said he last spoke to Eberwein two weeks ago and he was in good spirits. They were excited about future business plans and were working on opening a Muncheez restaurant in Sunrise, he said.

          The Haitian government issued an official notice thanking Eberwein for his service and mourning his untimely death.

          • On July 15, 2017 at 6:19 pm,
            OOTB Jerry says:

            I think you just did the segment….tks for posting

          • On July 15, 2017 at 6:21 pm,
            OOTB Jerry says:

            Msn is so infected,…boggles the mind

        • On July 15, 2017 at 6:20 pm,
          Markedtofuture says:

          Friend Insists Death Of Republican Operative Behind WSJ Collusion “Bombshell” Wasn’t A Suicide

          Yesterday we reported how the death of Peter Smith, a longtime Republican operative and financier, had been ruled a suicide. Smith was the primary source for a bizarre WSJ story that tried to link National Security Adviser Mike Flynn with a group of individuals organized by Smith who bargained with a Russian hacker group for copies of what were purportedly Hillary Clinton’s missing 30,000 emails.

          Smith died on May 14 – 10 days after he was interviewed by WSJ for the piece. Though a reporter initially described his death as stemming from natural causes, the Chicago Tribune reported Friday that it had been, in fact, a suicide, citing local police records that describe the manner of death – asphyxiation due to helium poisoning – and an alleged suicide note that cited his recent ill health and the coming expiry of a life insurance policy as Smith’s reasons for taking his own life.

          But before that narrative could catch hold, a longtime associate of Smith who may have been the last person to speak with him has come forward, telling the Daily Caller that he doesn’t believe the police’s suicide ruling…and neither should you.

          Charles Ortel, a Wall Street investment banker and market analyst, told the DC that there were no indications the Chicago businessman and anti-Clinton political investigator was about to take his life when the two spoke on the phone the day before his death…


    • On July 15, 2017 at 2:45 pm,
      Markedtofuture says:

      They Want to Put Nano-Chips into Currency So they can track every note

      Believe it or not, Australia has a Black Economy Taskforce that hunts down citizens in every possible way. They look at where they send their kids to school and then inquire at the school who pays the bills and how. They are using technology to hack people’s phones of anyone suspected of hiding money to get all their messages and emails as well as where they call overseas. Their own website says:


      • On July 16, 2017 at 10:13 am,
        b says:

        I remember saying to Al a couple years ago they could simply chip every bill.

        There is no way to get away from serving the zionists.

  4. On July 15, 2017 at 8:28 am,
    Excelsior says:

    Gold & Silver COT Report Now Massively Bullish!
    Charts Via David Brady – comments by The Hedgeless Horseman

    “I can’t overstate how extremely encouraging I find these charts to be. Smart money is the most bullish on gold since 2006. This at a time when the miners are nearing the end of a huge wedge pattern. All I can say is that the smart money is nowhere near positioned for a huge draw down in the metals, but exactly the opposite. Last time we saw positioning like this (2015-2016 bottom), gold had it’s best quarter perhaps ever, along with some miners rallying upwards of 600%.”


    • On July 15, 2017 at 8:32 am,
      Excelsior says:

      Sprott predicts gold will rise by end of 2017, driven by equity correction

      KRISTINE OWRAM – Bloomberg News – Friday, Jul. 14, 2017


      • On July 15, 2017 at 6:49 pm,
        Markedtofuture says:

        Maguire claims time is getting closer –

        Andrew Maguire‏ @andrewmaguire1

        Andrew Maguire Retweeted TF Metals Report
        Craig, lol! Not long now. I will give a heads up asap…Andrew Maguire added,
        TF Metals Report @TFMetals

        Andy, you’re going to want to see this. Maybe he knows you’re coming for him!


        8:42 AM – 15 Jul 2017

    • On July 15, 2017 at 8:37 am,
      Excelsior says:

      A Perfect Storm Is Brewing For A Precious Metals Rally
      by @Goldfinger on July 15, 2017

      “The Commitments of Traders reports (CoTs), for the week ending July 11th, which were released yesterday showed some remarkable shifts in market participant positioning in precious metals futures:”

      “Large spec positioning in gold futures hasn’t been as low as it is now since the last week of January 2016. Perhaps more importantly swap dealers have moved to their largest net long position in gold in history (more than US$5 billion in net notional length).”

      “Swap dealers are market makers in the OTC swaps market, they are banks that enter into swap agreements with clients for a fee and/or a spread. Swap dealers can also trade for their own book, and often do. Given that most swap dealers are using gold and silver futures to hedge swap agreements with counterparties whose natural tendency is to hedge against declines in precious metals prices (mining companies), it is normal for swap dealers to hold a net short position in gold and silver futures. Therefore, it is unusual and noteworthy when swap dealers move to a net long position in precious metals.”

      “Swap dealers have also moved to a net long position in both silver and platinum while large & small speculators have continued to reduce net length:”


  5. On July 15, 2017 at 8:31 am,
    Excelsior says:

    Shanghai Gold Exchange to offer yuan-back futures contract in Budapest

    Maggie Zhang – Wednesday, 21 Jun 2017

    “China is looking to expand the use of its yuan-denominated gold fix overseas, the chairman of the mainland China’s sole gold bourse said on Wednesday, reflecting on Beijing’s attempt to vie for a bigger say in the price-setting of the precious metal.”

    “It is now expected that a gold futures contract based on China’s yuan-backed gold benchmark price could be listed on the Budapest Stock Exchange in Hungary as soon as the second half of this year, said Jiao Jinpu, chairman of the Shanghai Gold Exchange (SGE) at the Lujiazui Forum, which ends in Shanghai on Wednesday.”

    “SGE is considered the world’s largest physical bullion exchange.”


  6. On July 15, 2017 at 8:45 am,
    Excelsior says:

    South Africa halts new black ownership rules for mines
    Cecilia Jamasmie | July 14, 2017

    “South #Africa has suspended the implementation of a divisive mining ownership law pending a judgement in an urgent interdict application by mining companies, the country’s Chamber of Mines said.” “Among the changes, the fresh directive increased the minimum black ownership requirement for local mines to 30%, from the previous 26%, and set a 12-month deadline for them to comply with the new rules.”


  7. On July 15, 2017 at 8:56 am,
    Excelsior says:

    The Fed, Data Dependency, and Interest Rates
    Gary Wagner – July 14, 2017 – #TechnicalAnalysis #Charts #VIDEO

    #Gold #Silver #Dollar #DOW $INDU S&P 500 $SPX #NASDAQ


    • On July 15, 2017 at 9:04 am,
      Excelsior says:

      Gold In July: It’s Time To Buy
      Morris Hubbartt – Jul 14, 2017
      Super Force Precious Metals #Video #TechnicalAnalysis #Charts

      SFS Key Tactics & Video Update

    • On July 15, 2017 at 9:55 am,
      OOTB Jerry says:

      Just a big game…………FED BS……everyone needs to stop giving this illegal organization credit for anything……..Rant of the day…

      • On July 15, 2017 at 11:07 am,
        OOTB Jerry says:

        The FED has created universal income for the Rich….zh

      • On July 15, 2017 at 1:30 pm,
        Ebolan says:

        Jerry, how’s that cell phone of yours doing? Did you get another one?

        • On July 15, 2017 at 2:10 pm,
          OOTB Jerry says:

          Ebo….I always get the old model the kids or the wife does not want.

          • On July 15, 2017 at 2:12 pm,
            OOTB Jerry says:

            The new models do not excite me any more…

          • On July 15, 2017 at 2:17 pm,
            OOTB Jerry says:

            My first mobile phone was in 1976….Motorola simplex unit….made a lot of deals on that unit… 🙂

          • On July 15, 2017 at 4:19 pm,
            Ebolan says:

            Yeah, I know what you mean. I had to get a new phone recently and I wound up buying a new Motorola that is last year’s version. It’s been out less than a year and Motorola already has a new version. Last year’s version can do more than I will probably ever need.

  8. On July 15, 2017 at 10:19 am,
    b says:

    wow. Thats alot of buy buy buy postings.

  9. On July 15, 2017 at 10:30 am,
    b says:

    I didnt think J Keisers interview was really a resounding endorsement of novo.
    Right after it was posted the price started moving lower.
    Then Bobs comment of ….cant suggest if buying/selling makes sense…
    Then it moved lower still.
    Coincidence Im sure.

    Maybe, the only people in the market for jr miners are watching this and Bobs site.
    Not many people interested in jr miners.

    Heck, we are in before the herd….buy buy buy.

    • On July 15, 2017 at 10:46 am,
      Wolfster says:

      The herd has to go somewhere eventually….they did uranium pots lithium and cobalt to an extent over the last year or so….have driven up the amazon google and apples of the world to valuations I have trouble comprehending even biotechs have seen a nice run this year so why not back to gold silver copper and zinc…I’ve been feeling lonely not being part of the sheep heading to slaughter. 😉

      • On July 16, 2017 at 12:54 am,
        Excelsior says:

        Agreed Wolfster. There will be a time where the money flows come back into commodities, monetary metals, industrial metals, specialty metals, energy metals, agriculture, and extractive energy stocks. For now, it is not really in vogue, but the only constant is change, and the tide will come in.

        Contrarian investing is one of the more lonely undertakings, and it challenges one’s patience, psyche, and emotions on a daily basis. However, active investing in counter-cyclical sectors can be quite rewarding and open many other doors by magnifying digits on a screen.

        Some people get caught up in these digits on a screen (well, we all do sometimes), but really it is what those digits can do that should remain the focus. They can be cashed in for physical items in the “real world” (like homes, pools, cars, tablets, etc..) or used for experiences (travel, massage, fencing lessons, or tickets to the symphony); or used for making a change (donating to a cause one believes in, charity, starting a program/fund/business, random acts of kindness, fireworks, and pie fights).

        Mastering the inner game is one of the best gifts of contrarian investing though, because one learns a great deal about one’s strengths and weaknesses in the process. If nothing else, that is a worthwhile endeavor.

    • On July 15, 2017 at 1:05 pm,
      Robert Moriarty says:


      People got carried away with Novo. Until assay results start to come out, it’s an unknown. The management is brilliant, the project has blue sky to the moon, the nuggets are a really good sign but there is a lot of work to be done. The action of last week was wonderful because for the first time in five years there is the liquidity to either buy a good position or to sell a good position.

      I love the company, I love the project and I love the shares. But chasing stocks just because the herd is doesn’t make any sense at all. If Novo goes down, I will buy more.

      • On July 15, 2017 at 2:13 pm,
        Matthew says:

        That was one big-picture-bullish, powerful move. Notice that it blasted all the way to a very significant fork resistance that was two years in the making and did so on massive/record volume. When you combine that resistance with the quick 103% gain, there’s no reason to view the pullback negatively. Such short term action will always deliver such a response regardless of the long term destination.


        • On July 15, 2017 at 5:18 pm,
          Excelsior says:

          Interesting NVO chart Matthew. It surged all the way up to Fork resistance, before retreating back down. Gotta love it.

      • On July 15, 2017 at 3:34 pm,
        Dick Tracy says:

        Forget ROO gold NVO should be called DINGO gold, DING,DING, DING! Then you should get the national enquirer involved, headline is Dr. Q says, ” The DINGO ate my gold, that is the latest news coming out of the Pilbarra region of Australia. LOL! DT

      • On July 15, 2017 at 5:15 pm,
        Excelsior says:

        Bob M – Good comments about Novo Resources and I agree that while the nuggets on the huge land package that they have staked are a good sign, there is still a lot of work to do. For those that positioned much lower it was a very nice liquidity event, and that is why I mentioned trimming on the surge, in case it got too frothy.

        When the stock went up that strongly on just those 2 videos and the press release,(the madness of crowds and “Fear Of Missing Out”), then it is only normal for it to retrace back some. The pullback on Thu/Fri was to be expected after such a parabolic move up.

        The encouraging thing is that now NVO is on many more investors radar, and maybe they’ll get clued in to the bigger picture where Novo has other great properties and is also moving into production on one of them in the near future. Novo was getting ignored on many of their other successful milestones, and now investors will be paying attention. Personally, I’m very constructive on their Exploration team and the managements strategy and look forward to more success from Novo as the progress forward their different assets.

        Ever Upward!

        • On July 15, 2017 at 5:27 pm,
          Excelsior says:

          It will be interesting to see the results from their trenching and bulk tonnage sample that I believe Quinton said was about 3-4 weeks away. If the stock pulls back a bit more over that time period then I may add back some of those shares I trimmed to get in front of the news. Good stuff!

  10. On July 15, 2017 at 11:12 am,
    OOTB Jerry says:

    The herd is going over the cliff…..

  11. On July 15, 2017 at 11:57 am,
    OOTB Jerry says:

    Unexpected ,$230 billion in budget loss ,student loans to blame..zh…

    • On July 15, 2017 at 12:02 pm,
      OOTB Jerry says:

      Treasury shortage…estimates$730 billion…

    • On July 15, 2017 at 12:53 pm,
      OOTB Jerry says:

      Budget will never be balanced

      • On July 15, 2017 at 12:58 pm,
        OOTB Jerry says:

        Fed gangster…never was..ment to exist under the original constitution….man this getting old.

  12. On July 15, 2017 at 12:00 pm,
    irishtony says:
  13. On July 15, 2017 at 12:14 pm,
    AJ says:
  14. On July 15, 2017 at 1:08 pm,
    Ebolan says:

    Any of you boys follow John Mauldin? I did several years ago but lost track…he had predicted a muddle through economy for quite some time but has changed that now.

    Mr. Big Al Korelin, any chance you could interview him?

    Mauldin: “Financial Crisis” Coming By End Of 2018; Prepare Urgently
    “Financial Crisis Of Historic Proportions” Is “Bearing Down On Us”


  15. On July 15, 2017 at 1:28 pm,
    Ebolan says:

    I tell you boys single payer is coming. Today I went for a ride and decided to stop at the local library to see what was going on. An old woman had a table up and was taking signatures. She saw me ride up and asked if I wanted to sign. I said for what and she said single payer. Single prayer I jokingly asked and she said very slowly and loudly single payer health care.

    I asked how much it’s going to cost and she said a lot less than you’re paying now. Yeah, right. Before I could say anything 4 people queued up to sign and she started telling them how wonderful it will be as it will include free dental, prescriptions and a bunch of other stuff. It sounded like an initiative drive to get it on the state wide ballot next election. As I rode away the line had expanded to ten people. And I live in a red county in the middle of nowhere although within the city limits there are pockets of blue. Anyway, I think that with the next Demorat in the White House we get single payer at the national level.

  16. On July 15, 2017 at 1:52 pm,
    CFS says:

    The demise of Democracy occurs when the sheeple vote themselves “free” stuff and bankrupt the system.

    Alas this usually allows a fascist dictatorship to occur to “save” the system.

    • On July 15, 2017 at 4:10 pm,
      Ebolan says:

      She mentioned to one of her fellow sheeple that there would be no co-insurance and deductibles.

      I didn’t catch all of it but it sounded very similar to what the nurses union in California is trying to get passed. That scheme would have no premiums, no deductibles, no co-insurance and cover everything (literally, from dentistry to marriage and family counseling) and cover everyone, even people not in the country legally and people from other states.

      Can you imagine what the demand for health care will be when the cost to the recipient is zero and everyone qualifies?

      Total insanity yet the sheeple were lining up to sign the petition.

  17. On July 15, 2017 at 2:02 pm,
    Robert Moriarty says:


    The US was never designed to be a democracy.

    A democracy is two wolves and a sheep voting on what to eat for lunch.

    • On July 15, 2017 at 2:24 pm,
      Matthew says:

      “Democracy is the theory that the common people know what they want, and deserve to get it good and hard.” – H. L. Mencken

      • On July 15, 2017 at 2:25 pm,
        Matthew says:

        This one is better:

        “Democracy is a pathetic belief in the collective wisdom of individual ignorance.” – H. L. Mencken

        • On July 16, 2017 at 5:37 pm,
          Bonzo Barzini says:

          Mencken was brilliant!

        • On July 17, 2017 at 7:21 am,
          OOTB Jerry says:

          Good one

    • On July 15, 2017 at 3:12 pm,
      CFS says:

      And freedom is, of course, a very well-armed sheep.

      • On July 15, 2017 at 4:14 pm,
        Ebolan says:

        In this country it’s freedumb. After seeing the sheeple line up to sign up for tyranny under the guise of free stuff I can describe it as nothing else.

  18. On July 15, 2017 at 2:21 pm,
    OOTB Jerry says:


    • On July 15, 2017 at 3:16 pm,
      Chartster says:

      Republic, no doubt!

    • On July 15, 2017 at 3:37 pm,
      CFS says:

      But a Republic only works if you have altruistic representatives. Not the corrupt, self-serving cronyism that currently exists in the majority of the elected scum.

      • On July 15, 2017 at 5:17 pm,
        Matthew says:

        A republic only works with an informed and vigilant people. Without that, the worst politicians are guaranteed to rise to the top.

    • On July 15, 2017 at 7:10 pm,
      Excelsior says:

      More like a Banana Republic….. where the bananas are Technology…..

  19. On July 15, 2017 at 3:10 pm,
    CFS says:

    Re: Segments 5 & 6.
    Are not the zoning restrictions in mainland China simply the equivalent of very similar restrictions in the US?
    I have seen many examples during my life where land use has been changed and building codes changed. Often based on arbitrary considerations depending on the political make-up of city councils; sometimes instigated by federal planning changes, agenda 21 or proposition 2030 and all that. Generally local government always seems to restrict more and more; rarely less and less. Often distorting opinion polls to get the appearance of public acceptance.

  20. On July 15, 2017 at 3:20 pm,
    CFS says:

    Re. Seg. 7:

    Just how successful propaganda can be is obvious if when one looks at North Korea.

    Just observe how general N. Korean populace praise their leader, when if they chose capitalism they could have a tremendously better economy, and much more pleasant lifestyles.
    The same is true for Venezuela wherein political corruption and incompetence has destroyed the potential of the once oil-rich nation.

  21. On July 15, 2017 at 3:34 pm,
    CFS says:

    Re; Seg 8:
    The “Russian” witch hunt outdoes the Salem ones.
    The Democrats accuse the Republicans of what the Democrat are guilty in order to distract and mislead.
    They get away with it because the news media is totally or almost totally one-sided.

    It is hard to do anything correctly when the media is so biased and many of the “Republicans are RINOs.

    Why is Hillary not yet in jail for Pay-to-play, and Tax Evasion via her corrupt “charity” foundation?
    Why is Hillary not in jail for demanding $145 million in “bribes” (donations she calls) for selling off 20% of US uranium to Russia.
    The whole Clinton family are totally corrupt.
    Why is the MURDER of Seth Rich not being properly investigated?

    Why is Trump and most of the Republicans so passive?
    (of course Trump is not really a Republican; never was……He has no central core, conservative belief system.)

  22. On July 15, 2017 at 3:49 pm,
    Chartster says:

    In case you haven’t noticed, Trump is bringing back the republic. It has nothing to do with being a sold-out republican. Hell, 99% of his voters don’t even understand what he has done so far, or what he’s doing. It’s quite obvious, you don’t either.

    Not one person has acknowledged his executive actions ” for the people ” and all the contracts he’s done ” for America ” regarding our trade deficit. It’s time people pay attention to what’s ” really going on “!

    Wake the _ up..

    • On July 15, 2017 at 5:29 pm,
      OOTB Jerry says:

      Keep up the good work.

    • On July 16, 2017 at 5:41 pm,
      Bonzo Barzini says:

      Trump saved the Supreme Court with Goresuch. Hillary would’ve put Loretta Lynch on it.

  23. On July 15, 2017 at 5:27 pm,
    CFS says:

    And, Chartster, why isn’t the swamp being drained?
    Why isn’t the wall being built?
    Why is not Trump jumping up and down calling for Obamacare to be cancelled?
    And why is not Trump calling for action on taxation?
    Why has Trump not called on Congress OR the attorney General to investigate Hillary’s Pay-for-Play?
    Why has her Foundation not under investigation?
    Why is the money she raised for Haiti and stole for her own use not being investigated?

    6 Months and not much happenin’, if you ask me.
    He has a bully pulpit, but he does not come close even to using it to get his own party in line.

    • On July 15, 2017 at 5:32 pm,
      OOTB Jerry says:

      Act of 1871….might be a good lesson plan.

    • On July 16, 2017 at 7:51 am,
      Chartster says:

      The swamp is being drained. It’s not happening as fast as most of us would like, but the ball moves in the right direction every day.

  24. On July 15, 2017 at 5:48 pm,
    CFS says:

    David Morgan pitching a way to make 12-20% out of your stack, per year.


  25. On July 15, 2017 at 6:09 pm,
    OOTB Jerry says:

    Fox news now has McCain ‘s daughter on…..every MSN is now again infected..

    • On July 15, 2017 at 6:17 pm,
      CFS says:

      And you think Trump is anti-regulation, or possibly pro-mining?


      Name one governmental department he has scrapped!

      • On July 15, 2017 at 6:33 pm,
        CFS says:

        How about scrapping the U.S. Department of Education?

        After all the country did pretty well for over 200 hundred years without one.

        And I realize correlation is not causation, but the relative quality of education in the US compared with the rest of the world has considerably deteriorated ever since the US Department of Education was founded. So I would not say the department is performing well; quite the opposite.
        The US Department of education is substantially a bloated bureaucracy that wastes money.
        Let the states handle education.

        • On July 15, 2017 at 6:39 pm,
          OOTB Jerry says:

          I said years ago…education was screwed up ,remember I homeschool my kids….and both kids got academic scholarship….

          • On July 15, 2017 at 6:41 pm,
            OOTB Jerry says:

            Some typos…working on this cheap phone ..sorry

      • On July 15, 2017 at 6:44 pm,
        OOTB Jerry says:

        The system needs to go back before 1871

  26. On July 15, 2017 at 6:33 pm,
    Eddy Ebolan says:

    Here we go boys…Ryan/McConnell/Trumpcare, Bammycare 2.0, Romneycare 3.0…whatever you wish to call it…

    Politico “Republicans use state payoffs to win votes for repeal bill”

    Republicans hammered Democrats seven and a-half years ago for larding Obamacare with state-specific payoffs and sweeteners to secure the last few votes for passage. Who can forget the “Cornhusker Kickback,” which funneled $45 million to Nebraska to nail the support of former Sen. Ben Nelson?

    But the revised Senate Obamacare repeal bill shows Republicans engaged in the same pattern of horse trading as they try to win 50 ayes to advance an unpopular bill.

    Leaders are likely to cook up even more deals to entice uncommitted senators. As conservative health policy expert Chris Jacobs points out at The Federalist, Majority Leader Mitch McConnell still has about $200 billion that he can spend on holdouts without breaking Senate budget rules he’s using to try to pass the legislation. The Trump administration is pitching a proposal to Nevada as a way to bring Republican Gov. Brian Sandoval and Sen. Dean Heller on board that aims to move Medicaid expansion enrollees into the private insurance market where they could use subsidies to help pay for premiums.

    Here’s a rundown of some of the ways the latest bill seeks to win over members of the GOP caucus:

    Alaska — The most blatant attempted buyoff is aimed at Alaska’s Lisa Murkowski, who has been decidedly unenthusiastic about potential coverage losses in the state. In what’s been dubbed the “Polar Payoff,” the revised legislation stipulates that any state with premiums that are at least 75 percent higher than the national average must receive at least 1 percent of state stability funding. There’s only one state that meets that threshold: Alaska. With $182 billion designated for stabilization efforts in the revised bill, that translates to at least $1.82 billion for Alaska.

    You can read the rest here http://www.politico.com/story/2017/07/14/republicans-state-payoffs-obamacare-240578

    It will turn your stomach.

    In 4 or 8 years when Trump is gone and this whole steaming pile collapses the masses will be clamoring for single payer and the Demonrats will deliver and when they are done with you, you won’t have a single prayer.

    Romneycare, Bammycare, Ryan/McConnell/Trumpcare…the trojan horses that deliver socialized medicine, just as they were designed to.

    • On July 15, 2017 at 6:48 pm,
      OOTB Jerry says:

      Nothing but a slave to the system

  27. On July 15, 2017 at 6:48 pm,
    CFS says:

    Do you think the Department of Homeland Security serves a good purpose?

    Name one plane hijacking or terrorist plot they have foiled.
    (As opposed to the Marshals service or the F.B.I.)
    Are over 120,000 Federal employees in Homeland Security cost-effective?
    Have you been to other countries’ airports?
    Or could their job be done twice as well by other means?

    • On July 15, 2017 at 6:49 pm,
      OOTB Jerry says:


    • On July 15, 2017 at 7:21 pm,
      Ebolan says:

      Do you think the Department of Homeland Security serves a good purpose?

      The only purpose of Homeland Insecurity is to condition the sheep.

      Keep them in a state of fear of hobgoblins and let them know who’s boss.

      After all, if the sheep will let their gooberment masters grope the genitals and conduct porno scans of the bodies of them and their lambs…er…children, what won’t the sheep let their gooberment masters do to them?

  28. On July 15, 2017 at 6:53 pm,
    CFS says:

    How about Customs and Immigration?

    Don’t you just love two-hour lines at airports when entering the Country?

    No wonder people come in illegally; it sure saves a hassle and major waste of time……they don’t even use the system much to track over-stays.

  29. On July 15, 2017 at 7:17 pm,
    Excelsior says:

    Rick Perry‏ (Verified account)

    Rick Perry Retweeted DOE Press Staff

    “Nuclear power is a key component of our all-of-the-above energy strategy. Zero emissions, always on. #energydominance”


    • On July 15, 2017 at 7:27 pm,
      Ebolan says:

      You gotta admit it’s kind of ironic and funny that old Governor Gardasil Rick is heading the department he forgot he wanted to eliminate. 🙂


      • On July 15, 2017 at 7:31 pm,
        Ebolan says:

        Dang, Ron Paul was trying to help him out but instead he listened to the Romulan who told him the wrong one…oops. 🙂

        It look like Ron Paul knew Perry hadn’t a clue before he began…

        Well at least he remembered later…


        • On July 15, 2017 at 7:53 pm,
          Excelsior says:

          Yes, the irony is a bit thick, eh? 🙂

          Regardless, it’s about time someone addressed the importance Nuclear energy plays in the US, after 8 years of the Obama administration barely uttering the word “Nuclear.”

          What is insane is how much Uranium the US imports from Kazakhstan, Russia, and other countries that could cripple our energy output if they crimped the supply or raised tariffs. Overall the US imports 90% of it’s Uranium, and yet there are domestic producers like Energy Fuels, Ur-Energy, Peninsula Energy, and soon Anfield Energy that can’t ramp up with the current super low spot prices below the cost of production. If the US imported 90% of it’s Oil or Nat Gas there would be hell to pay, but everyone shrugs off the import of Uranium because they don’t realize about 18% of our nations power is from Nuclear. This current energy environment just makes very little sense, and at this point, I’m happy to see anyone in government that will at least address the situation.

          • On July 15, 2017 at 7:56 pm,
            Ebolan says:

            What’s your thoughts on Cameco? I am a long time sufferer…er…share holder.

          • On July 15, 2017 at 8:06 pm,
            Excelsior says:

            I’ve never been a bit fan of Cameco, and am far more bullish on the smaller Jr Producers, Developers, and quality Explorers. Cameco is the largest public Uranium miner, and has a disproportionate weighting in URA as a result, but they are like the Goldcorp or Barrick of U308. I don’t like the large behemoth mining juggernauts as they are too widely followed by analysts (and thus stay more fairly valued) and it is too hard for them to grow on a percentage basis. The only thing that might save their hides is if they bought a key explorer to replenish their reserves, but at this point in the cycle, it seems unlikely that they have the resources to do so.

            Cameco’s mines are old, deep, and plagued with water issues. Many don’t realize that they actually freeze the ground far in advance of tunneling and mining it because the Athabasca is filled with above ground and underground water.

            Their balance sheet is more distressed than it has been in a long time, and they’ve had to put mines on care and maintenance and scale back existing mines due to the low prices.

            As if that wasn’t enough, this year they’ve had TEPCO in Japan trying to exit their most profitable longer term supply contract on Force Majeure, and it is coming at a time where they are already handicapped financially. The whole sector is down across the board, but smaller companies can bounce back easier.

            When/If the Uranium prices recover, Cameco will rebound, but there is better value in the sector in my opinion.

          • On July 15, 2017 at 8:18 pm,
            Excelsior says:

            The French Uranium conglomerate Areva is also suffering greatly and breaking up different divisions of their company.

            Paladin, who has large mines, is swirling the toilet bowl, and has major issues of solvency to address. They’ve been selling stakes in the mines the last few years, and ran into a snag on their last transaction, and some of their key management jumped ship over to Deep Yellow.

            Energy Resources of Australia (who has a bad track record IMO) and partnered with Rio Tinto has all kinds of skeletons in the closet as this recent editorial points out:

            Red River Report – The Downfall Of A Great Australian Miner
            Jul. 13, 2017



            As a result, the old guard in Uranium (Cameco, Areva, Paladin, ERA, Uranium One) is really struggling, and when things turn, it will be smaller companies that get on their bikes and ride.

            Energy Fuels, Ur-Energy, Denison Mines, UEC, Peninsula Energy, Anfield Energy, Bannerman, Berkeley, GoviEx, Toro Energy, Plateau Uranium, Western Uranium, etc….

            There are also some Explorers that may fare better because they are continuing to define resources like Nexgen, UEX Corp, Skyharbour, ALX Uranium, Deep Yellow, Fission, Kivalliq, Purepoint, etc…

            Right now I’m just holding on to my current positions which are all OK, but only because I trimmed in Jan/Feb of this year reducing their position size and cost-basis. I don’t expect most to fall too much more, and if the PMs and Base Metals have a nice run later in 2017, then I plan on rotating some winning back over to different sectors like Uranium and Lithium and Prospect Generator companies for deep storage.

          • On July 16, 2017 at 10:16 am,
            Ebolan says:

            Thanks for the info.

    • On July 16, 2017 at 1:14 pm,
      Excelsior says:

      From $2 Billion to Zero: A Private-Equity Fund Goes Bust in the Oil Patch
      The more than $1 billion of debt an EnerVest fund took on during oil’s price surge now threatens its viability
      By Ryan Dezember – July 16, 2017

      “A $2 billion private-equity fund that borrowed heavily to buy oil and gas wells before energy prices plunged is now worth essentially nothing, an unusual debacle that is wiping out investments by major pensions, endowments and charitable foundations…”


  30. On July 15, 2017 at 7:31 pm,
    CFS says:
  31. On July 15, 2017 at 7:39 pm,
    Ebolan says:

    More global warming non-sense….maybe Suzuki should get a Honda…


  32. On July 15, 2017 at 11:24 pm,
    CFS says:

    The two Gregs:

    Hunter and Mannarino on the incompetent and unnecessary Fed

  33. On July 16, 2017 at 7:53 am,
    Chartster says:

    Great interview with Cynthia McKinney.


  34. On July 16, 2017 at 8:16 am,
    Excelsior says:

    Copper production to take a quantum leap in this mining nation
    Oilprice.com | about 12 hours ago

    “Based on these developments, the study authors are projecting a huge jump in Peru’s overall copper production. They expect national output to hit 4.8 million tonnes per year by 2021 — more than double the 2.3 million tonnes Peru put out last year.”

    “That kind of growth would cement Peru as the world’s fastest-growing copper mining nation, with output here already having increased 77 percent since 2012.”

    “In fact, the growth projected above might allow Peru to challenge Chile for top spot in the copper world. The Peruvian target of 4.8 million tonnes of yearly production is not far below Chile’s 2016 output of 5.5 million tonnes — which itself was down 5 percent from Chile’s 2015 level, as the industry struggles to keep up with cost escalation and labor difficulties.”


  35. On July 16, 2017 at 9:34 am,
    Chartster says:

    Tumour removal from parasite affects healthcare?


  36. On July 16, 2017 at 10:43 am,
    Matthew says:

    GDX found support at a modified Schiff fork support last week and was capped by the 89 week MA and a speed line:


  37. On July 16, 2017 at 11:16 am,
    Matthew says:

    Points For “Good Behaviour”: Canadian Government Introduces the Creepiest App Ever


    • On July 16, 2017 at 1:09 pm,
      Ebolan says:

      Dang…a world of mind control zombies…wonder how many points the gooberment will subtract for reading my posts!

      • On July 16, 2017 at 1:35 pm,
        OOTB Jerry says:

        Don’t worry …tell them you know OWL

        • On July 16, 2017 at 1:38 pm,
          OOTB Jerry says:

          On second thought …..tell them you have a friend that knows the Queen……

          • On July 16, 2017 at 1:39 pm,
            OOTB Jerry says:

            And you are a 33degree mason

          • On July 16, 2017 at 4:13 pm,
            Excelsior says:

            Thats sound advice OOTB. Cheers!

  38. On July 16, 2017 at 11:54 am,
    Chartster says:

    Everyone from Serfville CA to Moronisberg NY should see this.


  39. On July 16, 2017 at 11:58 am,
    TraderBill says:

    lol..facts dont matter to cult members…lol….yup exactly my point!

  40. On July 16, 2017 at 3:43 pm,
    GH says:
  41. On July 16, 2017 at 3:56 pm,
    GH says:

    Long-term weekly Bloomberg agriculture, near historic lows and just broke up out of the pitchfork down-channel two weeks ago:


  42. On July 16, 2017 at 3:59 pm,
    GH says:

    Seems like a good possibility that the June low in the CRB commodities index was a significant low, though more bullish action will be necessary for confirmation:


  43. On July 16, 2017 at 4:14 pm,
    Excelsior says:

    Draghi Can’t Stop Eastern Europe Bond Rally

    Marton Eder & Adrian Krajewski – Bloomberg – July 16, 2017


  44. On July 16, 2017 at 4:26 pm,
    Excelsior says:

    Gold @ $1230

    Silver @ $16

  45. On July 16, 2017 at 6:07 pm,
    Markedtofuture says:

    Gold Market Supply, Demand and Manipulation Of Gold Prices – Just A Little Peek

    $605 to manipulate $313,000,000 worth of gold – Lynette Zang


  46. On July 16, 2017 at 6:20 pm,
    Dick Tracy says:

    How do you ever make America safe again, safe from rising stock markets, safe for dividends, safe from the rest of The World that is forced to print money to keep up. Safe from derivatives and the debt bomb. Safe from the military industrial complex that needs easy money from The Central Banks, safe from the various forms of government from Federal on down to fuel their free spending ways, this is not difficult to attain, Simply Put, “Bring back the gold standard”. DT

    • On July 16, 2017 at 6:33 pm,
      Dick Tracy says:

      I know America can never be safe but the way things are has not worked in any respect for a long, long, time.

  47. On July 16, 2017 at 7:06 pm,
    CFS says:
  48. On July 16, 2017 at 7:12 pm,
    CFS says:



    How do the Clintons get all their victims to commit suicide?
    I guess if you have enough corrupt influence you get anything you want.

    I have no influence or Hillary would be in Jail along with Bill and their kid.

  49. On July 16, 2017 at 7:21 pm,
    CFS says:

    By the way, WND reporters can’t count.
    The Clinton Body count is over 70 if you include the Whitewater and other arkansas mysterious deaths.


    • On July 17, 2017 at 7:30 am,
      OOTB Jerry says:

      As I said above 83 and counting.

      • On July 17, 2017 at 7:35 am,
        OOTB Jerry says:

        The Clintons have their own chefs who prepare their food when going out to eat , they take over kitchens , because they are afraid of being poisoned.

        • On July 17, 2017 at 7:41 am,
          OOTB Jerry says:

          Ran into a guy at the beach, who the Clintons reserved the entire high class restaurant ,then stiffed him on the bill , said they would send him a check,which he never received.

  50. On July 16, 2017 at 10:34 pm,
    CFS says:

    It looks like Homeland security might actually start to track people leaving the US.


  51. On July 17, 2017 at 7:24 am,
    Matthew says:

    The dollar is following my arrows (which were drawn on 12/30/16):


  52. On July 17, 2017 at 8:34 am,
    Matthew says:
  53. On July 17, 2017 at 8:39 am,
    OOTB Jerry says:

    Toronto home sales down 37.7% in June

    • On July 17, 2017 at 9:54 am,
      Wolfster says:

      But what about the price….thought I still read somewhere up again another 6%