Exclusive KE Report Commentary – Wed 19 Jul, 2017

Axel Merk – Valuable Insights in the Currency Markets

The US dollar continues to move down this year with the Euro continuing to show strength. Axel Merk, President and CIO of Merk Investments shares his thoughts on what is driving these moves. We also discuss the recent moves by the Bank Of Canada which is driving the Canadian Dollar higher. There is a lot to consider but Axel does a great job of breaking it all down for us.

Click here to visit Axel’s website. I am signed up for his email list and it is well worth your time.

You can also follow Axel on Twitter – @AxelMerk

Click download link to listen on this device: Download Show


Featuring:
Axel MerkCory Fleck
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Comments:
  1. On July 19, 2017 at 10:17 am,
    CFS says:
    • On July 19, 2017 at 10:25 am,
      CFS says:

      The major Central Banks are colluding and rotating among themselves easing policies to maintain relatively low interest rates.

      The major problem is DEBT everywhere.
      Only by keeping interest rates low can debt be maintained.

      Central Banks CANNOT raise rates back to normal or historic levels.

      Everything is jaw-boning and misleadingly misperception.

      • On July 19, 2017 at 10:54 am,
        OOTB Jerry says:

        Ditto..

        • On July 19, 2017 at 10:55 am,
          OOTB Jerry says:

          Debt Jubilee only way out

          • On July 19, 2017 at 10:57 am,
            OOTB Jerry says:

            Of course it will never happen ,

          • On July 19, 2017 at 11:00 am,
            OOTB Jerry says:

            The self elected slave owners do not want that to happen….so comical..

  2. On July 19, 2017 at 10:20 am,
    CFS says:

    Andy Hoffman on the COT report:

    https://youtu.be/kr4chUBYxHQ?t=24

    • On July 19, 2017 at 11:28 am,
      OOTB Jerry says:

      Andy.. Always a good listen to

  3. On July 19, 2017 at 11:34 am,
    Jason says:

    I got a fat lip on DUST today. Biggest loss of the year for me. -3.1% or -$32 on a stop out. That volume this morning sucked me in. I still have a scout on NUGT and DUST. Still up about $1700 for the year and $85 for the month.

    • On July 19, 2017 at 11:42 am,
      Dick Tracy says:

      Don’t quit your day job. LOL! DT

      • On July 19, 2017 at 12:00 pm,
        Jason says:

        No *hit Sherlock. lol Stocks and crypto is my side hussell. Less dangerous than armed security, less stinky that cleaning toilets, and more comfortable than welding year round with no heat or AC.

        • On July 20, 2017 at 7:33 am,
          Excelsior says:

          You guys are funny. 🙂

  4. On July 19, 2017 at 1:01 pm,
    russell s hamilton says:

    Question : Does Donald Trump really exist . I heard him on tv this AM . He was babblling on about health care a dead issue. He wasted his Honey Moon period. No way he will do infrastructure now. So he is dead politcally . Fear he may start a war with N Korea just to boost his rattings . Soon more REPUBS will realize hes all mouth and no action. Pray for sanity. love and good health to you all. PS i like the canadian dollar here. S

  5. On July 19, 2017 at 1:59 pm,
    Markedtofuture says:

    We Are Now into Controlled Demolition-Catherine Austin Fitts

    Renowned financial expert Catherine Austin Fitts warns there is not much time left for the current system. Fitts contends, “We have built an infrastructure that doesn’t make economic sense, and we are going to have to change. What’s happening in state and local budgets is the same thing that is happening in health care. It’s the same thing happening in all these different areas, which is we have engineered government investment to prop up the stock market. . . . Washington, D.C., is basically run for the political campaign contributions generated from capital gains in the stock market. The problem is, to get that rise in the equity markets, we’ve ended up pumping out enormous amounts of government debt and government money that has a negative return for taxpayers. It’s not sustainable, and the game is up. . . . I’ve been telling you for 15 years we were going to have a slow burn. I am telling you that’s over, and we are now into controlled demolition.”

    Don’t expect the mainstream propaganda media to give you any warning or real information about what’s happening. Fitts contends, “The conundrum for a CNN is how do we get ratings? How do we get attention without talking about the real news? The real news is, since fiscal 1995, we have disappeared or bailed out or stolen over $40 trillion of our money. If we are going to balance the budget, we need that $40 trillion or the assets thereon or the liabilities of the people who stole it back on the table, or else we’re toast. If we can give $27 trillion to the banks, I can assure you we can afford $4 trillion of a pension fund bailout. Mr. Global doesn’t want us to do the algebra. This is like fourth grade math. $27 trillion to bail out the banks, and we are not going to bail out the pension funds? Where does that come from?”

    There is no argument for a big crash, the only question is when. Fitts says, “I think it’s more likely to happen in 2018. If you look at the stock market, we are way, and I am tired of saying this, we are way, way overdue for a major correction. If we do get this major correction, and that is perfectly natural, you don’t want to misinterpret that as a major crisis or event. I think we are way overdue for a major correction, and I give that a reasonable chance between now and November. If it doesn’t happen this year, it’s definitely going to happen next year.”

    Join Greg Hunter as he goes One-on-One with Catherine Austin Fitts, Publisher of The Solari Report

    https://www.youtube.com/watch?v=qgI914jTzBA

    • On July 19, 2017 at 3:54 pm,
      OOTB Jerry says:

      Fitts is one of the good game callers…..she was correct on the markets three years ago …j

  6. On July 19, 2017 at 2:08 pm,
    Markedtofuture says:

    The Fed Has Hit the ‘Pause’ Button

    Last week the Fed raised the white flag on further rate hikes. There won’t be any for the foreseeable future.

    No rate hikes are coming at the July, September or November Fed FOMC meetings. The earliest rate hike might be at the December 13, 2017 FOMC meeting, but even that has a less than 50% probability as of today. I’ll update those probabilities using my proprietary models in the weeks and months ahead.

    https://dailyreckoning.com/fed-hit-pause-button/

  7. On July 19, 2017 at 2:32 pm,
    Excelsior says:

    Five-year junior mining drought is over

    By Nelson Bennett | July 18, 2017

    “Initial public offerings, mergers and acquisitions, major financing deals – the signs are abundant that a five-year drought for the junior mining sector might be truly over.”

    “And while B.C. hosts the majority of Canada’s junior exploration companies – not to mention commodities, like copper and gold, that they are prospecting for – at least one mining consultant fears that little of the investment now flowing will be spent on exploration in B.C.”

    “The turnaround for the mining sector started about a year ago with a rebound in metal prices. Mining majors are typically the first to benefit from higher metal and mineral prices and renewed investor confidence. Investment in the higher-risk early-stage exploration sector always lags….”

    https://www.biv.com/article/2017/7/five-year-junior-mining-drought-over/

  8. On July 19, 2017 at 2:33 pm,
    Excelsior says:

    Did The Second Leg Of The Uranium Bull Market Just Begin?

    Palisade Research – July 18, 2017

    http://palisade-research.com/did-the-second-leg-of-the-uranium-bull-market-just-begin/

    • On July 19, 2017 at 2:39 pm,
      Matthew says:
      • On July 19, 2017 at 2:40 pm,
        Excelsior says:

        Boing!! 🙂

        Many of my Uranium stocks were nicely on the day and have been all week. Interesting.

        • On July 19, 2017 at 3:25 pm,
          Excelsior says:

          Here are some of the Uranium stocks that had a nice Green day. Many of these actually started moving to the upside at the end of last week.

          #Uranium Stock Ticker Company Name % Chg

          $UNO Northern Uranium Corp. +50.00%
          $AL ALX Uranium Corp. +11.76%
          $API Appia Energy Corp. +10.00%
          $UVN Uravan Minerals Inc. +10.00%
          $EU enCore Energy Corp. +9.09%
          $URG UR-Energy Inc. +9.08%
          $ACB.AX A-Cap Resources Limited +7.69%
          $MGA Mega Uranium Ltd. +7.50%
          $UEX UEX Corporation +7.14%
          $PTU Purepoint Uranium Group Inc. +6.67%
          $FUU Fission 3.0 Corp. +6.67%
          $UUUU Energy Fuels Inc. +5.81%
          $WUC Western Uranium Corporation +4.81%
          $DNN Denison Mines Corp. +3.76%
          $CCJ Cameco Corporation +3.19%
          $URA Global X Uranium ETF +2.66%
          $URRE Uranium Resources, Inc. +2.53%
          $UEC Uranium Energy Corp. +2.34%
          $ISO IsoEnergy Ltd. +1.56%
          $PLU Plateau Uranium Inc. +1.54%
          $FCU Fission Uranium Corp. +1.52%
          $LAM Laramide Resources Ltd. +1.47%
          $NLR VanEck Vectors Uranium+Nuclear Engy ETF +1.47%
          $ELO Eloro Resources Ltd. +1.37%
          $NXE NexGen Energy Ltd. +1.28%
          $U Uranium Participation Corporation +0.26%

          • On July 19, 2017 at 5:34 pm,
            Dan, calgary says:

            I have UEX but was low on funds when it hit under 20 cents again. This is a bottom for the Canadian uranium and PM stocks IMHO. Take the bottles in and check the couch for change type of buy.

          • On July 19, 2017 at 7:07 pm,
            Matthew says:

            +1 Dan

            I added to three positions today, Primero Mining in particular.

            http://stockcharts.com/h-sc/ui?s=PPP&p=D&yr=0&mn=7&dy=0&id=p41602430911&a=535127150

          • On July 19, 2017 at 11:11 pm,
            Excelsior says:

            Nice Dan, calgary. I’ll go check the couch for change and throw a little more at it then.

            Cheers!

    • On July 19, 2017 at 4:30 pm,
      Excelsior says:

      Uranium Reawakens

      by @Goldfinger on July 18, 2017

      https://ceo.ca/@goldfinger/uranium-reawakens

  9. On July 19, 2017 at 2:39 pm,
    Excelsior says:

    New $SWA Sarama Resources powerpoint: (for those interested in the West African Gold story)

    http://saramaresources.com/Files/LatestInvestorPresentation.aspx

  10. On July 19, 2017 at 3:42 pm,
    Dick Tracy says:

    Ex, I hope you don’t miss the run up that is coming in Americas Silver, I know I won’t. DT

    • On July 19, 2017 at 3:47 pm,
      Dick Tracy says:

      Investing is like a “Pony” looking for a stable, when you find one that you like get out quickly if you are married, you can soon lose the farm. LOL! DT

    • On July 19, 2017 at 3:57 pm,
      Excelsior says:

      Hi DT. I’ve been positioned in Americas Silver since was Scorpio Mining, and have posted about it more than anyone on the KER for years, so your comment amuses me.

      Don’t worry I didn’t miss it in 2016 and I won’t miss it in 2017. 😉

      • On July 19, 2017 at 4:01 pm,
        Excelsior says:

        This was just posted this yesterday. the post was on a Silver thread, and in the first paragraph I’m continuing on discussing Excellon, and then compared their coming turn-around in cost to Americas Silver’s coming turn-around in AISC. 🙂 Cheers!

        _________________________________________________________________

        On July 18, 2017 at 4:57 pm,
        Excelsior says:

        “You’ll see that they are dropping their AISC from $19 pre-optimization to $9 per Silver Eq ounce post-optimization. (That’s a huge reduction, and the market is still valuing them like they are financially “underwater”) [pun intended]”

        “This may be one of the great turn-around stories in the Silver space for this year and moving into 2018, along with Americas Silver dropping their AISC from $12 to $10 and then $3 by year end bringing on San Rafael.”

        “I love a good underdog, that plays hard, gives it all, and comes back to surprise the spectators. Tipping my hat to the team over at Excellon and Americas Silver.”

        • On July 20, 2017 at 8:03 am,
          Excelsior says:

          @Leon – $USA Rodman & Renshaw just issued “BUY” Rating on $USAS – price target USD4 / CAD5″

          _____________________________________________________________________

          I just checked out their Rodman & Renshaw event on September 10-12 and Americas Silver will be one of the presenting companies:

          http://www.meetmax.com/sched/event_39839/~public/conference_companies.html?event_id=39839

        • On July 20, 2017 at 8:05 am,
          Excelsior says:

          Americas Silver Corporation Provides an Update on the San Rafael Project
          July 17, 2017

          “Construction commenced in early Q4, 2016 with an estimated initial capital expenditure of US $22 million based on the March 30, 2016, San Rafael pre-feasibility study. The initial capital estimate was subsequently reduced to US $18 million due to project optimization related to the mill expansion, refurbishing existing equipment and ramp development, as well as favourable movements in the Mexican peso. As at June 30, 2017, the Company has spent approximately $10.5 million of the revised budget and expects to have sufficient cash on hand and cash flow generated from continuing operations to fund the project development.”

          “Management expects that initial processing of material at the existing Los Braceros mill will occur by mid-September. The initial targeted throughput of 1,500 tonnes per day from the pre-feasibility study is expected early in Q4, 2017. In early 2018, management will evaluate a potential mill expansion based on realized mill throughput of the San Rafael ore, achievable future mining rates and current metal prices.”

          “San Rafael is expected to deliver average annual production of 1 million ounces of silver, 50 million pounds of zinc and 20 million pounds of lead over a 6 plus year mine life at negative all-in sustaining costs based on current reserves and metal prices. The project is expected to have an IRR of greater than 100%, generate substantial free cash flow and provide a step change in the Company’s cash cost and all-in sustaining cost profile in 2018.”

          http://www.businesswire.com/news/home/20170717006141/en/

  11. On July 19, 2017 at 11:29 pm,
    Excelsior says:

    Zinc, Lead demand continue to outstrip output

    18TH JULY 2017 – BY: HENRY LAZENBY

    http://www.miningweekly.com/article/zinc-lead-demand-continue-to-outstrip-output-2017-07-18/rep_id:3650

  12. On July 20, 2017 at 5:24 am,
    Excelsior says:

    Resource Capital Gold Announces Closing of Non-BROKERED Financing for Gross Proceeds of $4 Million
    (Marketwired – July 20, 2017) – RESOURCE CAPITAL GOLD CORP. (TSX VENTURE: RCG)

    “Eric Sprott and 2176423 Ontario Ltd., a corporation which is beneficially owned by him, acquired 7,200,000 FT Shares and 1,997,200 Common Shares pursuant to the Offering (representing approximately 6.4% of the outstanding Common Shares) for total consideration of $1,789,510. RCG understands that, prior to the Offering, Mr. Sprott indirectly owned 16,949,000 Common Shares and 15,000,000 share purchase warrants representing approximately 13.7% on a non-diluted basis and 23.1% on a partially diluted basis assuming exercise of such warrants. RCG further understands that Mr. Sprott now owns directly and indirectly 26,146,200 Common Shares and 15,000,000 share purchase warrants representing approximately 18.2% on a non-diluted basis and 25.9% on a partially diluted basis assuming exercise of such warrants.”

    https://ceo.ca/@marketwired/resource-capital-gold-announces-closing-of-non-brokered

    • On July 20, 2017 at 5:34 am,
      Excelsior says:

      An anonymous user posted this on ceo.ca a few days back but I’m still waiting to see the official release on the company’s newsflow:

      @anonymous – “RCG Receives Final Permit Transfer Approvals ”
      Tuesday, June 13, 2017 01:00:00 PM (GMT)

      • On July 20, 2017 at 5:37 am,
        Excelsior says:

        “Resource Capital Gold Corp. is developing the high-grade Dufferin Gold Mine and mill in Nova Scotia, with initial gold production from test milling achieved in March 2017. The Dufferin project covers 1,684 hectares in 104 mineral claims which contain more than 14 east-west trending “saddle reef” quartz vein gold-bearing structures, each with free-milling gold. The stacked gold reefs are open at depth and extend along trend for over 4.7 kilometers.”

        “The Company is also advancing the Tangier and Forest Hill gold projects and is preparing preliminary economic assessments (“PEA’s”) on both.”