Investing In Hard Assets Within The Current Political Climate
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Gold has been on a nice run lately, up 9 out of the last 10 trading days, however no one is getting excited. In the first hour we look at the precious metals market with the help of insiders and analysts. We also look at the central bank balance sheets to understand if they are actually tightening monetary policy or just talking about it.
Just a reminder I will be at the Sprott Natural Resource Symposium beginning on Tuesday. If you are in the area or are already planning on attending please drop me a line at Fleck[at]kereport.com and swing by my booth! Also please email me with any Companies you are interested in and would like my opinion on. I will be sure to swing by their booth.
Have a a great weekend and thanks for listening in!
- Segment 1: Ivan Bebek, Executive Director at Auryn Resources, discusses the significance of profitability of the major mining companies and related M&A activity in the gold sector.
- Segment 2: Ivan provides an update on the drilling underway by Auryn. Currently the Company has 6 drills turning at two different projects.
- Segment 3: Axel Merk focuses on the gold sector and why he thinks it is the simplest diversify.
- Segment 4: Chris Martenson points out that the G3 balance sheets have experienced their largest expansion this year!
- Segment 5: We begin KER Politics with a discussion of the President with Jeff Deist.
- Segment 6: We discuss the work and upcoming appearance of Judge Andrew Napolitano at Mises.
- Segment 7: Dr. Lindsey Piegza joins us from Chicago and discusses domestic economic issues.
- Segment 8: Lindsey Piegza continues her discussion of the U.S. housing sector and goes into general economic conditions the U.S. dollar and the role of fixed income investments.
Important Company Updates This Week
- Bill Howald and Big Al discuss the capitalization; capital adequacy; and all-in cost of production associated with Rye Patch Gold
- Update on the first drill program undertaken from Secova Metals
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Anders, you input with an international flair is always appreciated. Glad you enjoy the Show.
As always, a pleasure Skeeta.
Main program sound above has Jeff Deist in Segment 5, not the entire show!
Mr. Pace, Jeff is shown above as being in segments 5 and 6.
Al,
The link to the presumed audio file for the entire show under the title label
“INVESTING IN HARD ASSETS WITHIN THE CURRENT POLITICAL CLIMATE”
is the 5th Audio Segment with Jeff Deist and NOT the entire show as a viewer woudl expect
The Republican bosses are not good statesmen, they are also lousy politicians. That goes equally for the old guard of The Democratic party. Together they have controlled the destiny of the US government for more than one hundred years. The real issues the electorate must grapple with ie: war and balancing the family budget hasn’t made a dent in them. The only way they look is backward. A good politician is one who has his ear to the ground, if they had they would have heard a rumble of discontent with Obama and all he represented. What they determined at the election of 2016 was that they would choose as President someone who would protect their entitlements and the status quo.
Along came Donald Trump, he made a contrast to Obama and The Clintons but he promised to be unmanageable. The politicians dismissed him with a sour look and a laugh. They didn’t know whether he was a Republican or a Democrat, but to Donald Trump it didn’t matter because he was a good politician who understood the rumblings and knew that The Old Guard from both parties are the same. That is self absorbed and self interested.
What we the people need is much, much, less government, and this world government idea is utter nonsense. DT
“this world government idea is utter nonsense”
True! Based on Juri Lina’s testimony in the documentary, ” In the shadow of Hermes”, the elites or globalists want a global government and slave state with them as the masters and everyone else who is allowed to live as the slaves. That is what the capitalists and communists want for mankind.
A good politician tells the truth.
Mr Tracy, as usual I believe that you are absolutely correct. I am starting to agree more and more with Mr. Deist and the other members of the Mises Institute who have been singing this song for years. I will be curious to hear what he think about Judge Napolitano’s presentation which we will have on our site Monday evening.
Is that the same Judge Napolitano who was Jesuit trained at Notre Dame University? Sorry, but I don’t trust him.
You and I do certainly have some differing opinions.
That’s fair. But I am not one to blindly trust people without doing background checks on them. I feel that far too many people don’t do their homework. Just my opinion.
How can anyone professing sanity NOT dismiss him with “a sour look and a laugh.” He’s a f****** unmitigated abomination.
True, but not yet nearly as bad as Obama or Bush. And Hillary? Fuhgeddaboudit.
Are you talking about Napolitano or Trump, Roger
The best section this week is segment 4, Chris Martenson. He understands what is happening.
The economy has an appearance of growth because the stock market has been going up.
But it is a facade.
We are hanging millstones around the necks of future generations.
We are creating only the appearance f growth now, not setting up for the future.
Sadly the bankers and politicians are self-serving scum that are destroying the future of the country for gratification in the now.
+1 He’s always near the top imo.
I also appreciated Lindsay’s views on this topic.
Segment 5:
Trump cannot succeed, in my opinion.
He is a New York liberal. He has no central core conservative principles and beliefs.
Unfortunately the media and academia are substantially composed of “progressive” liberals, who have little true economic backgrounds; who do not understand that spending excessive seed-corn in the here and now (no matter how well-intentioned) detracts from future growth. The “take” or drag of government has become too great.
Unless something changes, despite the innate productive nature of true Americanism, we will be in a terminal state of decline.
The real situation is masked by a banking system that is mis-applying use of capital, and by a Treasury in charge of the exchange stabilization fund that hides true market discovery.
The debt is so large that interest rates of necessity must be kept too low.
For a retired Ivy League physics professor , you are a very savvy economics observer.
Trump on a Twitter storm…just as I said he would do earlier this week.
New game plan…. Mueller is going down,…association with Comey Hilly and Billy,Lynch and now Ryan.
Bob Mueller Is Trying To Turn Paul Manafort Into A Government Witness
Special Counsel Robert Mueller’s full-court press on anyone and everyone involved with the Trump campaign has finally begun – and the first target in his sights is, of course, former Trump Campaign Manager Paul Manafort, undoubtedly the easiest mark. According to Reuters, Mueller and his team are trying to recruit Manafort as a cooperating witness in the Russia investigation in exchange for immunity to possible money laundering charges.
http://www.zerohedge.com/news/2017-07-22/bob-mueller-trying-turn-paul-manafort-government-witness
Zero Hedge is an interesting information source, but I think that this one is a bit over the top.
Big Al, they had the below embedded Reuters link in the article. Zero Hedge normally backs up their articles with links to their sources. Most mainstream sources are anonymous.
U.S. investigators seek to turn Manafort in Russia probe: sources
http://www.reuters.com/article/us-usa-trump-russia-manafort-idUSKBN1A70F8
Markedtofuture,
Thank you very much, I did not, stupid me, realize that Zero backed up this effectively.
Best
Manafort does not need to worry , Trump can pardon him.
In Furious, Bizarre Tweetstorm Trump Slams Leaks, “Amazon Post”, “Failing NYT”, Hillary, GOP Senators
“A new INTELLIGENCE LEAK from the Amazon Washington Post,this time against A.G. Jeff Sessions.These illegal leaks, like Comey’s, must stop!”
Markedtofuture, all I can say, is the silly war continues and I don’t see it stopping anytime soon.
So Jerry, what’s new?
Al:
You and Jeff seem a bit disappointed in trump’s failure to live up to your expectations. Really? Your naiveté is showing. What part of the man’s personality wasn’t on full and open display all during the campaign? A Jersey brawler, not much different that Christy who was once exceptionally popular but today is not anybody’s choice for anything. Trump, if given enough time and rope is going to hang himself. Hopefully, this country doesn’t end up in the cesspool with him. I’m not too hopeful. Don’t take this as overly critical of your stance………..JMO
Silverdollar, I am very disappointed so far. I am particularly disappointed in the way he handles himself. He could be making some great strides in furthering our country and, so far, I don’t see that happening. I think that the main reason that he does this is because he takes everything not as a legitimate challenge but as a personal attack. I thought that he was above that
What part of his personality was not on display? To me, it’s the extent of his pathologiacal self-defensive lying. There are no limits now!!!! It’d beyond surreal. It Goebbels Christmas 1944. And yet he still has defenders? Among the professedly sane?
Roger,
At this point I would tend to agree with you. I do still have hope though.
I am going to the Sprott Symposium & have a meet up with Cory Tuesday Morning. If any of you are going & want to connect, I am staying at the Symposium hotel.
Chris Swenson
Guaranteed that you will enjoy your time with Cory.
Seg. 6:
A government CAN provide a safety net for its poorest and unfortunate citizens, but history has shown that there is a limit. The limit, depending on the state of society is somewhere in the range of only 10% of GDP in low productivity societies to around 25% of GDP in high productivity societies. Above that range the productivity begins to be slowly drained. Keynesianism can only work on a temporary or emergency basis. Keynes himself even realized that!
I would agree. Remember my comments above the necessity of a certain amount of self funding.
Seg. 7: Housing is heavily dependent on interest rates and perception of future interest rates.
A lot of people have not figured that out, ….yet
I doubt the majority ever will.
Being a part of that industry Jerry, no person knows that better than you.
Interesting comments re. housing.
Well, of course Professor.
Man Behind Trump “Dossier” Subpoenaed After Refusing To Testify, Will Plead The Fifth
For all the talk of obstruction and interference by the Trump camp, it’s neither Donald Trump Jr. nor Paul Manafort who are challenging their scheduled testimony in the Senate next Wednesday, but rather the man who according to many started the whole “Trump Russia collusion” narrative, who is doing everything in his power to avoid testifying next week.
Thanks Markedtofuture, I just read that missive.
Good one.
Trump can pardon who he likes,…
I doubt he will pardon the fake news guy .
If one believes in cycle theory, then it is possible to suggest that housing is moving into a potentially dangerous time. The interest rate cycle is about at a low. Certainly interest rates themselves are at an historical all-time low. Whether or not interest rates can rise significantly, however, is another question.
Government (and, indeed, general debt) is so large that interest rates may not be allowed to rise much. It is more probable that money-printing will occur at a high pace.
Although all the major central banks are colluding in their stimuli and taking turns so that no one currency collapses while they attempt to generate that pernicious alternative form of taxation called inflation, it is probable that the US dollar may slowly decline because of excessive money creation.
At such times it is always better to have real and tangible assets, such as housing; even though the price of housing tends to inversely correlate with interest rates.
Good chance Trump will experience health problemb during his first term, the man can’t even walk a few hundred yards without a golfcart.
Is the President Fit?
http://www.politico.com/magazine/story/2017/07/18/is-the-president-fit-215385
Very interesting article as it actually made me think about myself.
Stefan Molyneux explains the mis-concepts of Keynesian economics……the broken window fallacy, etc.
https://www.youtube.com/watch?v=76yieNdfgIs
The need for separation of political power and economics?
The hidden real costs of a welfare state.
AJ, good point, most people these days are driving themselves to an earlier death. Get out of your vehicle whatever it is, a golf cart, a go cart, a smart car, or a Mercedes or BMW. Your whole body needs plenty of cardio exercise each and every day. You can’t just sit in a vehicle and let your blood pool around your waist and feet, this will have a very detrimental effect on your overall health and longevity. DT
Very true Mr. Tracy.
This is a great interview with Amanda and Kerem over at “The Next Bull Market Move” on the state of the current Uranium market and where she feel things are trending. Her points about the role of the Kazakstan in setting up a better pricing mechanism and being more cognizant of their role in the contract and spot pricing were fantastic and worth the quick read.
_________________________________________________________________________
Fund Manager Amanda Van Dyke at Peterhouse Asset Management
The Next Bull Market Move Interview
by @bullmarketmove on July 22, 2017
“I caught up with Amanda last week and we did a special ‘one question, one in-depth answer’ style of interview. I asked her one question, about Uranium, and this was her detailed reply which includes how a Uranium bull market starts, the role NAC Kazataprom plays in the market, and if something significant has changed within the Uranium market. Enjoy!”
All approvals in place, Japan nuclear deal comes into force
By Dipanjan Roy Chaudhury, Economic Times Bureau|Updated: Jul 21, 2017,
“The landmark Indo-Japanese civil nuclear deal signed in November 2016 came into force from Thursday that would enable Japan to export nuclear power plant technology as well as provide finance for nuclear power plants in India.”
“Japan would also assist India in nuclear waste management and could undertake joint manufacture of nuclear power plant components under the Make in India initiative, persons familiar with the development told ET. ”
Thanks for the missive containing what, I think, I important information. Keep em coming please Ecelsior.
Thanks Big Al – The Kazakstan pricing arm being created in the Uranium spot pricing market is as significant (and one could make the case it is MORE significant) than what Saudi Arabia does with OPEC. Kazakstan now has risen to producing over 40% of the global Uranium supply.
What they decide to do as a Swing Producer is important for the whole Nuclear sector.
KazAtomProm outlines move to trading
Claire-Louise Isted
https://www.linkedin.com/pulse/kazatomprom-outlines-move-trading-claire-louise-isted
This came out the end of last year when the Kazakhs first made their 10% cut to production but has some interesting foreshadowing in it as to what we are currently seeing play out.
_______________________________________________________________________
Uranium – Shift in Kazakh mindset may signal the long awaited market bottom
Martenson says people will be corrupt IF they have a chance. No, my friend. They ARE corrupt – biblical wisdom from several thousand years ago. We, myself included, are all corrupt and a piece of work. The first principle of government recognizes this fact. The framers knew it, they read and believed their bible, the Word of God. Until we as individuals recognize this fact AND humble ourselves and ask for the grace of God to change us, we will be part of the problem and the pain, economic and otherwise, will continue and increase.
If we don’t repent and reform, there will be revolution, bloody revolution.
Regarding you two comments above, Wayne, I am sure that you realize that I agree with most of what you are writing. I completely agree that we must repent and allow God’s influence to enter in each of us.
I will add that some of us are trying in a very diligent manner to do just that.
Maybe we could choose our leaders the way we choose jurys.
I think we pick our “leaders” more like “Pin The Tail on the Jackass” at present. 🙂
Image showing this exact observation:
I feel strongly that we really are at a point where we do not pick our leaders. Those who today get elected are simply the best salesmen.
Agreed Big Al. They aren’t the ones really pulling the strings anyway.
I am starting to completely agree with that Excelsior.
Ran into a neighbor after church last night and we chatted over a brief snack at Drayton Harbor Oyster Company. Obviously the conversation evolved into politics and he was as concerned as anyone I have ever talked with.
Makes sense. These are concerning times….
Big Al, I partly agree with you:
We are at a point where we do not pick our leaders.
However, I disagree that we elect the best salesmen.
With the last Presidential election, I feel Trump won not by being even close to the best salesman out of the Republican field, but by a complex default process.
Before most of the electorate had any chance to evaluate Republicans that threw their hats into the ring, the”progressive”, liberal-dominated media mercilessly attacked all probable conservative nominees, while Trump was praised by the media. Trump, a basically weak candidate, was chosen by the media as the person least likely to win against Hillary. What the media did not understand, however, was how corrupt Hillary was, which the general public grew to understand. In the eyes of the “progressive” left, Hillary could walk on water. She could do no wrong. She was excused all faux pas, and given a pass on all scrutiny, such as Benghazi, selling of Uranium One, etc. She was simply not supposed to lose.
The general public, however, after years of brilliant eloquence from Obama, were beginning to have their lie-detection capability enabled; thus voting against Hillary, rather than voting for Trump.
Trump won, despite vote-fraud in major Democratic urban centers, not, in my opinion because he was the best candidate, but simply because he was “not Hillary”.
I do not disagree at all, Professor. I think that the 2016 election results are absolute proof of just how fed up Americans are. Both candidates played right into the hands of “the powers that be”.
Now, Professor, for the first time in my life I am scared because I don’t think that Trump can pull it off. do you?
I have been skeptical of Trump from the start.
He is a business-oriented person, which is good.
He is a New York Liberal with no central core beliefs; not good.
He is pragmatic; good.
The mainstream media is, however, almost totally Democrat controlled……Trump is trying to combat by direct tweets, etc.
I am VERY disappointed by his choice of advisers……destined to fail……
Bullish Setup in Platinum
by Ceo Technician
“After making a marginal new low for 2017 at $891.40 on July 11th, amid multiple bullish momentum and volume divergences, the much beleaguered precious metal called platinum has found itself on the verge of greatness again”
http://energyandgold.com/2017/07/22/bullish-setup-in-platinum/
I was on a Platinum and Palladium rant this morning over at ceo and thought I’d share it here for any investors following the PGM space:
_______________________________________________________________________
Great discussion on #Platinum Miners and yes $PTM Platinum Group Metals stands out amongst the South African PGM miners. I’ve been following their story for about 7 years and agree that both of their projects are world class, but the existing shareholders have been diluted down to silly levels as they’ve had to keep raising funds when there were unexpected challenges, stalls, and production didn’t ramp up as expected.
Still, $PTM may still pull out of it’s tailspin at one point, but many investors have been absolutely annihilated on this one. I sure got burnt bad trading it a few times, but also have had a few profitable tradable rallies. For me it’s a wash at present.
(PTM) (PLG) Platinum Group Metals are also considering selling their stake in the Masaeve mine and just focusing on Waterberg project moving forward. That’s a tough decision to make and a tough pill for investors to swallow. I currently have a stake in them again, and like all current investors, would love to see this company get back on a good track and get the recognition they deserve. If that means divesting one asset to make the other asset shine, then so be it.
Their Waterberg property on the Northern Limb is on the same trend with $IVN Ivanhoes Platreef and could utilize more robotic mining methods on shallow pits to help with less labor issues and better economics.
* (See the Map at the bottom of this linked page for a visual of the Northern Limb)
http://www.platinumgroupmetals.net/projects/waterberg/default.aspx
Yes, $IVN is an interesting company with Platreef giving it Platinum exposure but has a great deal more focus on #Copper in the #DRC at present and the Zinc project is in 3rd position with them (even though it is a very well-endowed project). It doesn’t help one escape the #SouthAfrica mess though.
$WG Wellgreen is an interesting project, and Diane Garrett (who developed and sold Romarco to $OGC Oceana) is at the helm. She is more competent than prior management teams that were geos that just wanted to drill, drill, drill and burned through tons of money, but never really executed on a strategy to move the project forward. The resource has been known to be endowed with #Nickel #Copper for some time, and is big enough to develop, but only from the last 2 management teams have they flushed out the complimentary value of the #Platinum #Palladium and other #PreciousMetals.
I’ve read a number of comments from other investors knocking on the old resource being brought back to life solely to fleece another round of investors. That doesn’t seem to be the case and many of these comments discussing days gone by showed they were not up to speed on how much the resource has grown, the economic importance of the PGMs and Gold and even Cobalt to the project, and their stinking thinking is stuck about a decade back on this asset and needs updating.
It cracks me up when people say “I visited their property 10 or 15 years ago and …….” So what? They’ve been drilling every year since then and have a completely different understanding of the geology, the reserves, the metallurgy, and economics of the project today then they did back then. The only constant is change.
As @homebone mentioned, “be aware that $WG will be an open pit operation so the costs to mine can be quite a bit lower than going underground. The 2015 Platreef reserve estimate shows a NSR cutoff of $80-$100/t whereas Wellgreen 2017 resource estimate uses a $13.85/t cutoff. This means they can economically mine lower grades.” That is a point worth considering.
Their new team at $WG has finally been doing more metallurgical testing as of late, and it shows more promise than most of the negative reviews from some commentators in the industry. Brent Cook and others have voiced concerns over the metallurgy, so of course with his following, their share price got further hammered. The naysayers ripping on their recovery rates or limitations on doing different concentrates may very well end up being correct; however, there is no way anyone can have a conclusive thesis at this point as they are still doing more testing to optimize the process. It’s at least something to keep an eye on and see what updates they put out moving forward.
There are other projects outside of #SouthAfrica & #Russia that have some exposure to #Platinum and #Palladium but they are mostly #Nickel projects like (like $WM Wallbridge, $PAN.AX Panoramic Resources, $POM Polymet, $NOT Noront Resources, $NOV Novx 21, $PDL North American Palladium, $TLO Talon Metals, $MFX Minfocus Exploration, $XTM Transition Metals Corp, and a few explorers that may still track down some PGMs like $CPC Canadian Platinum Corp and $NRN Northern Shield that are still very speculative)
Lastly in #SouthAfrica there are over a dozen PGM focused companies that are more well known and one of them $SBGL Sibanye just bought out $SWC Stillwater in Montana to diversify outside of their juridiction. There are few lessor followed companies like $SLP.L Sylvania platinum or my favorite $JLP.L Jubilee Platinum that are processing old #tailings dumps for #platinum & #chrome, and using those revenues to drive their other primary development projects forward. I’ll stop there as this post has gotten REALLY looonnnnng. (lol).
Cheers to the #NobleMetals!
Here’s a little more info on $JLP.L $JUBPF mentioned there at the end, because I just compiled this for someone else recently. They are a company capitalizing on the extraction of PGMs from tailings, waste rocks, chromite, and slag / slurries.
> ConRoast (South Africa)
“Jubilee’s unique access to the ConRoast process enables Jubilee to unlock the inherent PGE ( #platinum group element) values in the traditional chrome ores via the extraction of PGEs and chrome from near- or at-surface platinum containing chrome reefs.”
“Fundamentally, the ConRoast process involves removing sulphur from metal sulphide concentrate prior to smelting in a DC arc furnace, which under reducing conditions produces molten iron droplets to capture PGEs, #nickel, #copper and cobalt . These droplets settle out into an iron alloy prior to refining the alloy recovery and separation of the individual base metals from the PGMs.”
>> Check out Jubilee’s Platinum/Palladium/Chrome tailings projects as well as their PGMs from Nickel Tailings. They are using those to drive revenues to get at their larger scale PGM development projects.
– The Hernic plant in South Africa
– Leinster nickel tailings property in Western Australia
>>> Leon Coetzer, Chief Executive of Jubilee Platinum commented:
“I am very pleased to announce that Hernic is up to full operational status. I now look forward to Jubilee receiving the financial benefits that this project will undoubtedly deliver. ”
“We are actively pursuing further opportunities in platinum and base metal processing and will keep the market updated on progress made in this regard.”
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/JLP/13261989.html
>>>> Here’s a recent #Video with management at $JLP.L Jubilee:
This format does a really good job of addressing the different areas of their business, their bigger picture strategy, and they fielded a number of questions from investors to bring clarity to certain aspects of their business. It looks intriguing to me and I’ve been adding to Jubilee occasionally for the longer term (1-3 year gradual build).
http://webcasting.brrmedia.co.uk/broadcast/591eafcc1ef2297b08216aaa
Platinum even looks bullish relative to silver, to me:
Not how it’s playing around the 25% line (gray band) and testing its breakout above the 50 week simple moving average. It looks even better on the monthly chart.
GH – Nice Platinum:Gold chart.
I’m looking forward to seeing if Platinum breaks out relative Gold/Silver and Palladium.
Off Topic: Solar technology jump:
http://www.financialsense.com/oil-price/new-solar-tech-produces-energy
Clean Energy Transition to Increase Demand for Minerals — World Bank
World Bank | 4 days ago
“Minerals and metals expected to see heightened demand include: aluminum, copper, lead, lithium, manganese, nickel, silver, steel, and zinc and rare earth minerals such as indium, molybdenum, and neodymium. The most significant example is electric storage batteries, where demand for relevant metals: aluminum, cobalt, iron, lead, lithium, manganese, and nickel— could grow by more than 1,000 percent…”
“The report shows that a shift to a low-carbon future could result in opportunities for mineral-rich countries but also points to the need for these countries to ensure they have long-term strategies in place that enable them to make smart investment decisions.”
http://www.mining.com/web/clean-energy-transition-increase-demand-minerals-world-bank/
2017 – The Year of Alkane Resources (ALK.AX) (ALKEF)
Lara Smith | July 20, 2017
“The company’s Tomingley Gold Project has produced a staggering quantity of material this financial year, and furthermore, Alkane has managed to significantly reduce on-site operating costs. The company sold 31,107 ounces of gold generating revenues of A$52.6 million at an average price of A$1,690/ounce, and secured forward contracts (as of 30 June 2017) of 17,500 ounces at an average price of A$1,716/ounce. Given that budgets for FY2018 are complete and production is expected to be 65,000 to 70,000 ounces of gold at an all-in sustaining cost (AISC) of A$1,100 to A$1,200 per ounce, those expanding margins are looking very healthy indeed.”
__________________________
“The crackdown by Chinese authorities is understood to be targeting all chemical industries, including rare earths, in order to tackle air pollution and the long term damage affecting waterways and soil degradation, and has resulted in REE prices hitting record highs. The sought-after magnetic materials, Neodymium and Praseodymium, have hit their highest value in two years, and Zirconium Oxychloride (the key indicator of the zirconium chemical industry) prices increased by 40% since the end of last year, resulting in the highest prices for 4-5 years.”
“It’s not often that you come across a junior with a decent cash flow situation, and very rare indeed to find one so strong. The company’s gold sales have enabled them to remain safely on the right side of the rare-earth market, and the case for REE supply outside of China has never been better. Alkane have one of the world’s largest in-ground resources of zirconium, hafnium, niobium, yttrium and rare earth elements; so large, in fact, it is expected to process 1,000,000 tonnes of ore each year over a period of 70 years or more, the first 20 of which are already fully permitted. I’ll say it one more time; this is going to be one hell of a year for Alkane Resources.”
Australian Miner’s Revenue Stream Still Going Strong at Tomingley
The Gold Report (6/29/17)
“Edison Investment Research analyst Tom Hayes stated in a June 27 report that “Alkane’s strong H2 production performance at the TGO has also led the company to revise its full-year FY17 production guidance to 65-67koz Au at all-in sustaining costs of between A$1,300/oz and A$1,400/oz. This is 12% above our TGO gold production estimate for FY17 of 58koz, and slightly ahead of our AISC estimate for FY17 of A$1,469/oz.”
“This positive H217 production performance sees Alkane finishing FY17 with a flourish, after a difficult H117 dominated by intense periods of rainfall, which negatively affected gold mining at the TGO,” Hayes stated. He also highlighted that the higher pit grade reconciliations “bode well for the extensive exploration being undertaken over the TGO to test and increase confidence in underground resource sections.”
Alkane Resources
#Hafnium is essential to aerospace superalloys and microchips. #advancedmanufacturing #Innovation #Innovationmining
https://twitter.com/AlkaneResources/status/887114780967915521
Cuba seeks to revive mining sector with new Lead and Zinc mine
Sarah Marsh – JULY 22, 2017
From the article above on Cuba:
“In its annual investment portfolio released late last year, Cuba published dozens of opportunities for foreign investors to explore, exploit and commercialize precious metals, base metals and other minerals of interest.”
“Cuba hopes foreign investment will boost its economy that managed to climb out of a recession in the first half of 2017. The island is under severe strain due to lower exports and a drop in cheap oil shipments from ally Venezuela.”
One Part Buyers, One Part Dollar, and a Dash of Chaos, Gold Surges to Higher Ground
Gary Wagner – July 21, 2017 – #TechnicalAnalysis #Charts #VIDEO
Gold / Silver Shorts Extreme
Adam Hamilton – Jul 21, 2017
http://www.321gold.com/editorials/hamilton/hamilton072117.html
Gold’s Summer Rally Intensifies
Morris Hubbartt – Jul 21, 2017
Super Force #PreciousMetals #Video #TechnicalAnalysis #Charts
(double click on the several Blue links to play the Videos)
> Recognize When You Are Ahead
Beneath The Surface – Jul 18, 2017 $AZS
“In part two of her three part series Gwen Preston chats about the importance of taking capital off the table when opportunities arise”
>> A Player is Only As Good As Their Coach
Beneath The Surface – Jul 18, 2017 #PreciousMetalsInvesting #VIDEO
“In the final segment of her three part series, Gwen Preston talks about managing details and information when attempting to invest in the mining sector”
A player is only as good as the coach?
I wonder what Gretsky,Mario and Orr think about that statement?
I think they’d all agree. They all had coaches.
Jordan had a coach.
Most professional singers or speakers have coaches.
CEOs and many professionals have Life Coaches.
It isn’t a radical concept to have someone offer constructive guidance from a outside perspective to help one hone their skills.
Nobody more than I can vouch for that any stronger. I have had, over the years, some truly great ones.
good grief, no kidding they had coaches, but you miss the point entirely.
You state “a player is only as good as their coach”
Can you name a single coach that came close to any of those guys natural talent?
In other words they surpass their coaches ability.
A player is only as good as their coach just plain aint so.
Watch Messier(6 cups) and Keenan(4th all time win list) in NY, who was guiding whom?
lol, just thought of another one, which coach taught babe ruth how to hit?
Coaches play a part tho, and most people appreciate them for alot of things in life, the “in” word is mentor now.
I just wanted to point out that some people exceed their coaches abilities by a long shot.
Good grief is right b. It is you that is missing the point.
1) I didn’t state anything – It’s the title of the Gwen Preston video if you had bothered to read it.
2) That is an old truism. So Gwen and the team at Beneath the Surface didn’t come up with that line either.
3) The point has absolutely nothing to do with the coach being at the same skill or talent level as their player. “A player is only as good as their coach” speaks to the process where other outside experts in a field, will bring expertise that allows them to help the talented or skill student to grow, refine, and improve their skill set.
Mike Tyson had boxing coaches his whole way up through his career. None of them would be a talented as Mike, but they brought attention to his weaknesses and sharpened his strengths.
You don’t think Gretsky’s coaches as child all the way through the pros had a continual effect to molding him into the player he became. He didn’t skate out of the womb that way genius.
Martial Arts Masters ALL had coaches, and many of them paled in comparison to their students but they refined the skillsets in their students until they became truly great.
b – If you can’t understand that was the point, then clearly the point was lost on you.
then I missed the point, not the first time.
It happens to us all.
I’m a big believer that everyone can get better, and that a great coach helps one sharpen the axe. Most of the “Greats” wouldn’t have been so great without the guidance and refinement from a group of many coaches.
Gwen and Scott are very savvy individuals and practice what they preach. Scott has evolved into one of the truly successful investors in Vancouver.
Agreed Big Al. I enjoy reading and listening to both Gwen and Scott’s perspectives on the Jr Mining stocks — particularly in the micro-cap realm of true Exploration Stories.
It would be nice to hear from either Gwen or Scott on the show sometime down the road.
Gwen has been a part of Cory’s segments for quite some time now. I, personally, have not talked with Scott for years.
Scott doesn’t do many interviews anymore, but he’s the guy behind Beneath the Surface and while some don’t like him because he remained bullish on micro-cap explorers during the bear market in metals… personally, I’ve always found Scott to be very well-informed. He is letting Gwen be the PR person, and she is great, and I enjoy getting her thoughts as well. It will still be interesting to see if Mr Gibson would be up for an interview sometime on the macro picture in mining, exploration, and the current discovery cycle. Just a thought….
5 Things I Look for in Exploration Companies
by @TheDailyGold (Jordan Roy-Byrne) on July 23, 2017
https://ceo.ca/@thedailygold/5-things-i-look-for-in-exploration-companies
Picking our leaders like a jury might be better than elections.
Was it Athens? at one time their leaders were chosen like a jury,( filtering out insanity etc) they could do whatever they decided for 1 year, they were responsible only to the group that followed them.
Everyone was expected to serve, like a draft.
This would change the entire attitude.
I think we need an entirely new system, some out of the box thinking required.
Not going to happen of course.
Well, it will if society breaks completely.
Course the option we chose works well, who doesnt love serving Israel? lol
Perhaps, b, you are underestimating the other side. Now that I am involved in the political sector I certainly do not. Their strength is amazingly high.
I hope so Al
I drew the resistance line on the following chart as accurately as I could and it looks like we have a bullish breakout for GDX:
http://stockcharts.com/h-sc/ui?s=GDX&p=W&yr=1&mn=8&dy=0&id=p91181504576&a=535812305
http://theantimedia.org/cia-chief-wikileaks-plotting-to-take-down-america/
The CIA chief sees it one way.
I see another…..The uncostitutional power usurped by the CIA is having light shed on its illegal un-American activities.
Bravo Wikileaks. Freedoms are lost slowly by creeping government taking away small bits at a time, until we suddenly realize and wonder how the hell we got here.
I am troubled that Trump has apparently done nothing with regard to Vault 7 operations.
I do not know if that is because of his ignorance or because he likes the power it gives.
I am certainly not impressed by his lack of draining the swamp or in his choice of advisers.
old but still relevant:
https://www.youtube.com/watch?v=IpN-8sFke18
it would appear that the swamp remains a coveted national park!
Gwen’s 3-part series:
Part 1:
https://www.youtube.com/watch?v=9AkoCdrjSV0&t=267s
A discussion of Spicer, Scaramucci and Trump P.R.
http://dcs.megaphone.fm/PPY4267215881.mp3?key=64e18d93e276579b64c84e160779a98e
http://podbay.fm/show/716825890/e/1500754411?autostart=1
Tom Woods on Bastiat
2017-07-21 09:12 ET – News Release
Mr. Amir Adnani reports
GOLDMINING COMPLETES ACQUISITION OF YELLOWKNIFE GOLD PROJECT AND BIG SKY PROPERTY
Further to its news releases dated May 10, 2017, and June 13, 2017, Goldmining Inc. has completed the acquisition of the Yellowknife gold project and nearby Big Sky property, both located in the Northwest Territories, Canada.
“Dollar Decision: Will it eat crow?”
http://www.trendlinemagic.com/2017/07/dollar-decision.html
A currency conundrum!
Mr. Vincent Metcalfe reports
EARLY WARNING NEWS RELEASE
Osisko Gold Royalties Ltd., pursuant to a subscription agreement dated July 18, 2017, has subscribed for and received from Osisko Metals Inc. by way of a private placement 2.5 million units at a price of 80 cents per unit for an aggregate acquisition cost of $2-million. Each unit comprised one common share in the share capital of Osisko Metals and one-half of one common share purchase warrant of Osisko Metals. Each whole warrant initially entitles the holder to acquire one common share at a purchase price of $1 until July 18, 2019.
Osisko Mining drills 31 m of 24.9 g/t au at Windfall
2017-07-19 08:25 ET – News Release
Mr. John Burzynski reports
OSISKO INTERSECTS 24.9 G/T AU OVER 31 METRES AT WINDFALL
Osisko has continued to keep drilling out very impressive results at Windfall.
It’s another reason I keep nibbling at their producing neighbor Metanor. I could see them eventually consolidating that whole area play with Bonterra and Secova as well.
Another one bites the dust?
David Morgan on SGT Report
Axel Merk – mumbo jumbo at its best!
It’s Comey, not Como.
Soon there will be nowhere left safe for gringos to vacation!
I did pronounce his name incorrectly, Donnie, and I apologize for that.
Kind of funny but fewer and fewer of my friends still go there.
CFS – That’s a bit disturbing about Cancun and and Playa del Carmen. I’ve frequented both a few times in the past and was considering going back in the next year or so. Maybe I’ll plans elsewhere.
“make” plans elsewhere
I wonder how long it will be before the narcos take over the mining industry. I stay away from Mexico as a holiday destination because you really aren’t safe to leave the gated community of 4 or 5 star resorts. DT
When I was in Cancun last, we were part of a large business conference at the Moon Palace, and broke away from the group to hit up some of the sister “Palace” locations up the strip and in other locations.
Everywhere we went it was all Europeans and Americans for the most part, and I kept talking to shop owners and restaurants asking where the all the Mexican people were. Some of them mentioned that the Mexican people were not really wanted inside the tourism areas unless working, and they were expected to leave the area when their shifts were over. The local government wanted to create the illusion of safety (there were men with machine guns walking about at most outposts and dance clubs and busy street corners). Apparently there had been real problems with robbery and assault in the past, so most locals were blocked out of the Tourist Bubble.
According to everyone we spoke with, It was considered good work to be at one of the all inclusive resorts though, and most of the local staff at the hotels were incredibly kind, thoughtful, and all around great people. At the time, I asked a waiter if he liked dealing with all the stupid tourists and he laughed and said he liked the work. He went on to say that downtown you only make about $1-2 a day, and at some of the OK hotels you made $2-$3 a day, but where we were staying they made more like $4-5 a day. That really put things in perspective. There wasn’t supposed to be tipping, but I left him a $10 tip. He found me on the beach the next day to say thank you. Imagine a waiter in the US or Europe doing that. (ha!)
One night we decided we were bored with the all inclusive tourist bubble and wanted to venture outside of the normal tourist traps. A business acquaintance we were going out with had an issue going on at the end of the long driveway entrance to the hotel. Apparently a local girl he had called on for company that night was being denied access to the hotel because she was Mexican and they just knew she couldn’t afford staying at that hotel.
It turned out to be a quite the evening when my lady and I learned this young fireball was actually a Nicaraguan prostitute, working the hotel scene. We all went out regardless and had a fun but eye-opening adventure. She was very well connected and got us special VIP seating at a popular club, and these goons she talked to actually made a table get up so we could sit down. (I felt very weird about that and wondered what that was all about).
Afterwards we wondered into the downtown, and she said she was going to pop in and see a friend and wanted to return something she borrowed. It got sketchy, and I decided to go see what the holdup was and realized she was doing a drug deal with a local cartel member. We got a bit spooked with the police with machine guns right down the street and I mentioned to the business acquaintance that we’d find our own way back to the hotel.
The next morning at breakfast we asked how everyone’s evening had been at the “all inclusive” resort, and most of the stories were the same where they ate seafood, and drank and gambled the night away. People asked what we had been up to and we stated that we opted for a local adventure. (lol).
We extended our trip and ended up veering off and doing a few other things locally, and had a number of other experiences where locals from cab drivers, bus drivers, and tour operators clearly were in bed with others locally, (to be expected) but often there seemed to be a seedier element at some of these businesses where payoffs were happening, there appeared to be a gang element taking it’s part of the action or guaranteeing safety, etc.. Fun times but also unsettling at certain moments.
Yes, I’m rethinking going back to Mexico now, and for those following along, almost every state in Mexico has a different cartel unofficially running things now. The sad thing is that they are in bed with the governments, but also do a better job running things than the governments. This trend is not a very inviting situation for future tourism or business development.
Last time I was there was 1976/77
Stayed free….
Greg Hunter, Earthquakes and a new twist on “I’m from the Government and I’m here to help you”:
A Dozen Lessons on Investing from Ed Thorp
25iq
https://25iq.com/2017/07/22/a-dozen-lessons-on-investing-from-ed-thorp/
Scaramucci promises ‘dramatic action’ to stop White House leaks
New White House communications director Anthony Scaramucci pledged Sunday “to take drastic” action to stop leaks coming out of the White House.
“I will take dramatic action to stop those leaks,” Scaramucci told Chris Wallace on “Fox News Sunday.”
BOMBSHELL: Attorney Afraid For Her Life Blows Clinton Body Count Wide Open
Published on Jul 17, 2017
An emotional Elizabeth Beck joins Owen Shroyer to discuss recent revelations in the death of Peter Smith and Beranton Whisenant. The Beck’s need our thoughts and prayers, as they are bravely still pursuing justice in the DNC Fraud Lawsuit.
Hope they get better protection…than Lynch’s pilot….
Did you see this, which I posted yesterday?
Yes, I was holding my comments. I was not sure if to count in the hilly Billy column or the entire scum bag list.
Did you name the title of the video? I missed it.
A US vending business is entering a new era of ‘convenience’ by implanting microchips in employees that will allow them access to basic workplace amenities.
At least 50 staff at Wisconsin firm Three Square Market have volunteered to have a microchip, similar to one in a contactless credit card, inserted into their hand, according to the company.
@RT today
They are going to “chip” everyone eventually, and people are volunteering for it.
50 “IDIOTS” volunteered.
The microchip , is the 21st century version of ……The Shackles.
People have to be crazy ….to accept a chip
Those volunteers are crazier than loons, b!
Al…Those volunteers are crazier than Jerry…ootb…..HaHa.
Not by much…. 🙂
Go long on silver chips
ya know, Ive been explaining to young people the reasons to use cash, freedom yadda yadda
And ya know what they say? digital smart phones etc….easy.
My response of course, the road to hell is an easy one, try getting back.
They just have no clue, its like they can not reason.
321 had a statement awhile back froma guy saying people will only be able to parrot what they see and not have the ability to reason, something like that.
I wonder if its already here.
That video is scary. thx markedto future.
Block chain…..freaking gov’t out…..says x PPT
member….zh
See below
Ross Clark likes bullion over the miners right now due to the recent relative underperformance of the miners. That reasoning has been sound for weeks but not anymore, in my book. The miners are finally getting ready to deliver the kind of leverage that to the metals that we enjoyed last year.
XAU:GOLD weekly:
http://stockcharts.com/h-sc/ui?s=%24XAU%3A%24GOLD&p=W&yr=8&mn=8&dy=0&id=p76768670272&a=528542949
Most gurus have been proven wrong for years.
I say go with your dd..(due diligence of course)
You have paid your dues ..with all respects
I have definitely paid my dues but the learning will never end.
I’m not a subscriber of Clark’s but a lot of very respectable people consider him to be one of the best so don’t assume that I will be correct.
Many still doubt that the sector is in a new bull but I’ve had all the evidence that i need for over a year. A breakout above the following big channel will convince a lot of people (note that that is XAU priced in gold, not dollars):
http://stockcharts.com/h-sc/ui?s=%24XAU%3A%24GOLD&p=W&yr=10&mn=8&dy=22&id=p40987226010&a=471646105
I am in your court, …..my layup shot needs some work….. 🙂
😮
I remember the gold old days when the $GOLD:$XAU ratio was measured in single digits.
Way back in 1999, John Hussman demonstrated four economic conditions that had predictive value for the XAU:
“In the rare instances when 1) The rate of inflation has been higher than 6 months earlier, 2) Treasury bond yields have been lower than 6 months earlier, 3) the NAPM Purchasing Managers Index has been below 50, and 4) the Gold/XAU ratio has been above 4.0, the XAU has soared at an astounding rate of 123.63% annualized. In contrast, when none of these have been true, the XAU has plunged at -53.21% annualized. That’s a gaping difference.”
Well, conditions 2 & 4 are present but not the other two. Real interest rates are still key, and these can be difficult to measure real time.
Hussman also noted that “you generally want to buy gold stocks when they are lagging the price of the metal” and “you are better off buying gold stocks on dips than to buy upside ‘breakouts’.” You want to buy when nearly all the news is negative and the market has run out of sellers.
I wonder if Hussman was properly bullish at the beginning of 2016.
inflation is being under reported and it won’t be very long before the gold/XAU ratio is in the single digits again.
http://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24XAU&p=W&yr=15&mn=8&dy=22&id=p72514534346
Matthew:
Everyone honest is wrong on a regular basis and admits it. I think Bob Hoye and Clark are right at the top but they, too, miss a shot now and again.
Stockman has had enough..lock them up..Rice, Brennan…(I think he is p####.)…..zh
Powers..do not want to forget her
The entire Russian story made up.
The Russia-Putin Connection: CNN is finally onto something here.
🙂 that’s dang funny…..love it…
Best one of the weekend.
I am still chuckling.
funny Steele.
Schumer comes clean..Democrats are to blame –
Not Russia..for Hillary loss..zh
Good article from Forbes journalists on 9/11 and Fukie..seems Japan has more gold than most think…zh
Latest SGT Report:
https://www.youtube.com/watch?v=QMsVq1PthZQ
on zinc +
Meanwhile Venezuela goes Zimbabwe:
Swamp Watch: Hospitals Jul. 16, 2017
The Next Revolution’s ‘Swamp Watch’: Health Care Is a Rigged Market
Swamp Watch: Health insurance companies
Americans are being poorly served by health insurers – they are the target of tonight’s Swamp Watch
http://www.foxnews.com/on-air/the-next-revolution-with-steve-hilton/index.html
Dr. Dave Janda Operation Freedom Broadcast Sunday, July 23, 2017
Dr. Jim Garrow Nominated for Nobel Prize, Humanitarian, Author, Founder, Bethune Institute’s Pink Pagoda Schools
They discuss McCain, Scalia & others
http://www.davejanda.com/operation-freedom/sunday-july-23-2017
Clive Maund has put a green alert out for all would be silver buyers. The price is due to surge at any moment and we wont get another opportunity at these levels… ohh dear Mr Maund, if nothing else, your resilient at sticking your neck out with such predictions. He may be right. I’m willing to bet hes not however, simply due to his track record
Oz.,
Looking at supply-demand data for physical silver, he ay be right.
I know price is set in the paper market (COMEX), but current demand in the three biggest markets (US, India, London) for physical is up in July for very great increases.
Zince there are no really big stockpiles of physical anymore, this should soon effect the paper markets.
I hope youre right CFS. If nothing else than for some fundamental justice in this rigged world. The sceptic in me however has seen this same scenario pan out otherwise many times in the recent past. The COTs he points to does give some credence to what hes stated.
CFS is right about supply/demand and Clive is right about the COT report. Looking at the following table, it’s appropriate that CFS spelled “since” with a Z (as in zinc):
Former ‘Plunge Protection Team’ Member Warns “Blockchain Is Freaking Governments Out”
Dr. Pippa Malmgren, a US policy analyst and former member of the Working Group on Financial Markets, a government entity better known by its nickname, the “Plunge Protection Team,” appeared on Erik Townsend’s MacroVoices podcast to discuss bitcoin and the European refugee crisis, while also offering some clues about how the PPT, famous for its secrecy, operates.
Protecting The Cheaters: EU Regulators In Bed With German Auto Industry Regarding Diesel
“We can debate at length what pollution standards should be. What’s not debatable is German auto corporations lied and cheated their way to good results and now they are caught with their pants down, at least twice. Either way, diesel is on the way out. And with that pending change, Germany’s vaunted lead in auto technology has turned into ashes. Meanwhile, EU regulators are prepared to look the other way in an attempt to give German manufacturers time to catch up.”
Gold Survey – Wall Street, Main Street Agree: Gold Rally To Continue
Friday July 21, 2017 – Allen Sykora
http://www.kitco.com/news/2017-07-21/Wall-Street-Main-Street-Agree-Gold-Rally-To-Continue.html
If Kitco’s main street is anything like real main street, then that’s not a good sign. Luckily, I don’t think it is.
Haha! I was thinking the same thing, but think there is a bit of difference between Main street and Kitco’s Main street of specialized niche investors.
I voted neutral since this move in PMs is getting a bit long in the tooth……..jmo.
Donald Trump is now saying Washington is worse than anyone thought, ” Drain The Swamp” has now become ” Drain The Sewer”, I think he may have to go to ‘The Black Hole” at the bottom of the sewer to expose the slime. DT
I think trump may be trying to get Sessions to move on…………
Thanks for the weekend show as always fella’s.
Much appreciated.
Cheers.