Chris Temple from The National Investor – Mon 7 Aug, 2017

Updates on the oil market and weak share buybacks

Kicking off this holiday in Canada which results in a slower trading day Chris Temple and I provide some updated comments on the weak oil market and soft share buyback data. Oil continues to look weak both technically and fundamentally providing analysts with few reasons to predict higher prices. In terms of share buybacks we are seeing soft data not seen since 2013 and 2008 in some cases. Chris has some great comments regarding why corporations might be pulling back on buying back shares.

Click here to visit Chris’s website for more market and stock specific commentary.

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  1. On August 7, 2017 at 10:51 am,
    Jay Linn says:

    Hi Cory,

    I have been a long time subscriber to Elliott wave and Hurst cycle technician, Sid Norris. He has been doing a very good job in forecasting gold sector. Perhaps you can have him as a guest to get his view? He is looking for a side way gold market for rest of this year but is very bullish for 2018. His work is a bit complicated but has proven to be quite valuable in my trading. Thanks.

    • On August 8, 2017 at 9:49 am,
      Cory says:

      Thanks for you suggestions Jay. I will find a contact for Sid and reach out today.

  2. On August 7, 2017 at 11:13 am,
    b says:

    The New Case for ($65,000) Price of Gold
    Posted on August 7, 2017 by The Doc

    It’s not a book, it’s a brand new call. See when we’re cleared for take-off

    I guess if 10k gold no longer keeps people interested we gotta tell em 65k.
    Just funny.

    • On August 7, 2017 at 12:51 pm,
      OOTB Jerry says:

      Just break $2500 by year end……….and all will be well……lol

      • On August 7, 2017 at 1:05 pm,
        b says:

        Oh thats a givin Jerry, any minute now.

    • On August 7, 2017 at 2:47 pm,
      Jason says:

      I saw Bigfoot get out of a spaceship last night.

      • On August 7, 2017 at 3:16 pm,
        Excelsior says:

        Sounds like quite a night. Haha!

  3. On August 7, 2017 at 12:27 pm,
    PF says:

    Chris, do you think oil drifts towards zero in the long-term due to gasoline-fueled vehicles being replaced by electric cars?

    • On August 7, 2017 at 1:28 pm,
      Excelsior says:

      Lithium processors prepare to meet demand in era of electric car
      Pratima Desai and Zandi Shabalala

      “Demand for battery-grade lithium compounds is expected to skyrocket in the next decades in tandem with soaring demand for electric cars as governments and individual consumers try to reduce their carbon footprint.”

      “The production and use of electric cars is projected by Morgan Stanley analysts to rise to 2.9 percent of 99 million new vehicles in 2020 and to 9.4 percent of 102 million new vehicles in 2025, from 1.1 percent of 86.5 million this year.”

      • On August 7, 2017 at 3:30 pm,
        Excelsior says:

        Germany’s long goodbye to coal despite Merkel’s green push
        Vera Eckert – AUGUST 2, 2017 (Reuters) –

        “Burning coal for power looks set to remain the backbone of Germany’s energy supply for decades yet, an apparent contrast to Chancellor Angela Merkel’s ambitions for Europe’s biggest economy to be a role model in tackling climate change.”

        “Merkel is avoiding the sensitive subject of phasing out coal, which could hit tens of thousands of jobs, in the campaign for the Sept. 24 election, in which she hopes to win a fourth term.’

        “(Coal) makes a big contribution to German and European energy supply security and this will remain the case for a long time to come,” the chairman of the coal importers’ lobby VDKi, Wolfgang Cieslik told reporters last week.”

    • On August 7, 2017 at 1:30 pm,
      Excelsior says:

      PF – It will take Decades to migrate over enough Electric Vehicles to put a serious dent in the Oil & Gas industry, and there are thousands of uses for petroleum based productions in chemicals, plastics, lubricants, etc…. so the price of Oil will never go to $0.

      • On August 8, 2017 at 5:31 am,
        Excelsior says:

        Lithium Demand
        August 7, 2017 by Joshua M Brown

        “Consultants Roskill estimate 785,000 tonnes of lithium carbonate equivalent a year will be needed by 2025, amounting to a 26,000-tonne shortfall from anticipated supply, compared to 217,000 tonnes of demand versus 227,000 tonnes of supply this year.”

        “Price projections out to 2025 are not available, but Benchmark estimates prices of lithium carbonate will average $13,000 a tonne over the 2017-2020 period from around $9,000 a tonne in 2015-2016.”

        “Demand for lithium hydroxide, preferred over carbonate as it allows greater battery capacity and longer life, is expected to grow at a faster pace. Benchmark predicts the price to average $18,000 a tonne between 2017-2020 against $14,000 in 2015-2016.”

    • On August 7, 2017 at 3:07 pm,
      Temple says:

      Not zero .. but VERY long process to be displaced significantly. We’ll get another time or two along the way of supply shocks for various reasons — which (when they push the oil price back higher) will actually serve to hasten oil’s demise. Don’t forget that part of the equation of alternatives gaining ever more share is they must be cheaper than oil.

  4. On August 7, 2017 at 1:08 pm,
    b says:

    Speaking of electric cars, take a ride in a 150k tesla, you wont be driving anything else on city roads.
    Musk is right.
    I guess you can get one for 60k, but why when ya got the cash?

    • On August 7, 2017 at 1:32 pm,
      irishtony says:

      b…Who in their right mind would want to pay 150k for a ton & a half of American crap ?

      • On August 7, 2017 at 2:03 pm,
        Dick Tracy says:

        All cars are crap, the moment you buy them a big sucking sound can be heard emanating from your bank account. Most people see themselves as having freedom when they drive their debt mobiles, cars are no longer a symbol of wealth they only represent debt for the hapless owners. DT

      • On August 7, 2017 at 2:27 pm,
        b says:

        You havnt drivin one Tony.
        Gas engines dont have a hope.

        Well, other than the outback etc.
        Even thats just a matter of time.

    • On August 7, 2017 at 2:25 pm,
      Dick Tracy says:

      b, Tesla is selling it’s base model for $35,000 US. It still isn’t in production but that is the price that over 500,000 people have signed with a deposit to pay. Cars are already an anachronism. DT

      • On August 7, 2017 at 2:32 pm,
        b says:

        could be, flying cars are being developed now.
        cant wait for the transporters.

        At this point tho, a person really has to be in love with gas engines not to own electric.

        • On August 7, 2017 at 2:47 pm,
          Dick Tracy says:

          Flying cars will not be for the everyman, Musk is developing “hyperloop” it has many advantages and when you exit it a driverless car or Uber will be sitting curbside.

          • On August 7, 2017 at 3:03 pm,
            b says:

            yup, the future going to be interesting.

        • On August 8, 2017 at 7:50 am,
          OOTB Jerry says:

          Just buy some rental real estate with that money and forget about working when you are 55 yrs old…………..

  5. On August 7, 2017 at 1:56 pm,
    spanky says:

    GDXJ poised to break its head and shoulder neckline imminently. Should take it to 27.

  6. On August 7, 2017 at 2:01 pm,
    spanky says:

    More beating administered to AG and EXK. EXK going back to $1 in time and AG back to $3.

    • On August 7, 2017 at 2:18 pm,
      Bonzo Barzini says:

      Remind me to buy more at those prices. What happened to USAS today? It shot up over 10% and then went back down. Maybe some poor soul placed a big buy order at the market and got screwed by the market maker…

      • On August 7, 2017 at 2:24 pm,
        Silverdollar says:

        Weird action no? I had the same question and surmised the same answer, mainly because it was such a tiny order.

      • On August 7, 2017 at 2:40 pm,
        Excelsior says:

        Bonzo Barzini – Yeah, I saw that with USAS earlier, where is spiked up and then went down hard and then calmed down and leveled off. Very weird action (looks like someone did a Market bid instead of Limit order).

        • On August 8, 2017 at 9:37 am,
          Excelsior says:

          I’ve been nibbling at some USAS today adding to the position.

          • On August 8, 2017 at 9:48 am,
            Excelsior says:

            I’ll likely add a bit more to a few other Silver & Gold stocks today and through the rest of the week. I’m just about fully deployed now, but have a few last additions to make. Once we get a reasonable move up in the miners, then I do have some changes, and substitutions I’d like to make but I’m diversified in other sectors as well and got to share the love….

            Action like today doesn’t bother me as it’s a mixed bag out there, so a few more pullbacks will be welcome last minute shopping experiences, but a waterfall decline would not be welcome at this point. I’m sticking with my investment thesis that we are about to enter a more seasonably strong period for the miners and metals in later Aug, Sept, & Oct. We’ll see if this plays out, or if I get washed out. (lol)……

            Wishing everyone prosperity in whatever investments they have selected.

          • On August 8, 2017 at 10:58 am,
            Excelsior says:

            I just trimmed my Teuton Resources (TUO) as it is up about 30% on the day due to the TUD Treaty Creek news.

  7. On August 7, 2017 at 2:25 pm,
    CFS says:

    Meanwhile from the land of Fruits and Nuts (the LEFT coast) there are many more registered voters than eligible citizens!!!!!!

    Gov. Brown, Pelosi and many corrupt politicians know how to work the system to their advantage and gain.

    • On August 7, 2017 at 2:34 pm,
      OOTB Jerry says:

      Figures………what a bunch of crooks………

    • On August 7, 2017 at 2:52 pm,
      Jason says:

      Let them leave the Union. 24 less elector votes.

    • On August 7, 2017 at 5:18 pm,
      OOTB Jerry says:

      I bet Maxine Waters can not count to 50……or name all 50 states……….lol

      • On August 7, 2017 at 7:54 pm,
        Bonzo Barzini says:

        She may think there are 57 states as Obongo did.

        • On August 8, 2017 at 6:35 am,
          OOTB Jerry says:

          In Obongo land……..anything is possible……..dare to Hope….LOL

  8. On August 7, 2017 at 2:33 pm,
    CFS says:

    I am divided between wanting to help the poor and under-educated, and wanting reasonable tax bills.

    Most Government officials don’t care about cost to the tax-payer.
    They (especially Democrats) seem more concerned about their own election and power.

    The average legal citizen of California is scr*wed everyday by waste in Government, excess taxation and high costs.

    Will things change come the revolution?

    • On August 7, 2017 at 2:36 pm,
      OOTB Jerry says:

      If they are able body……and can work……everyone has been given a chance in the education area….

      • On August 7, 2017 at 2:37 pm,
        OOTB Jerry says:

        Gary Indiana school system is $100 Million in debt……….

        • On August 7, 2017 at 2:57 pm,
          Dick Tracy says:

          That is the result of allowing illegals to enter your country uncontested and automatically given the rights of a legal American citizen.

          • On August 7, 2017 at 5:12 pm,
            OOTB Jerry says:

            Gary, INdiana is an extension of Chicago……Southside Chicago…..where the shooting amount to about to 3 or 4 per day……Maybe they could bring back the JACKSON 5, to hip hop to safety.

          • On August 7, 2017 at 5:15 pm,
            OOTB Jerry says:

            Noticed that OBama sure does not want to live in Chicago……once they get some cash they are gone…..

          • On August 7, 2017 at 5:15 pm,
            OOTB Jerry says:

            Lead in the water, and lead in the arce………..

        • On August 8, 2017 at 7:55 am,
          Wayne says:

          It’s the new math.

          • On August 8, 2017 at 8:40 am,
            OOTB Jerry says:

            or as Fitts says…..the black budget

    • On August 7, 2017 at 4:21 pm,
      Wayne says:

      Using the government’s loaded gun to rob me to “help” or “educate” the poor is evil. The end does not justify the means. There is nobody stopping you from helping or educating the poor with YOUR OWN MONEY. Go for it!

      • On August 8, 2017 at 8:41 am,
        OOTB Jerry says:

        render unto caesar that is caesar’s…….

  9. On August 7, 2017 at 2:36 pm,
    CFS says:
  10. On August 7, 2017 at 2:50 pm,
    Jason says:

    The car banning crowd will get about as much traction as the gun grabbers.

  11. On August 7, 2017 at 3:26 pm,
    Excelsior says:

    Jack Chan’s Weekly Precious Metals Update

    Streetwise Reports (8/5/17)

  12. On August 7, 2017 at 3:35 pm,
    CFS says:

    Just when you think Mexican beaches are getting safe again……

  13. On August 7, 2017 at 4:04 pm,
    CFS says:
    • On August 7, 2017 at 4:25 pm,
      Excelsior says:

      Thanks for continuing to post the Ira Epstein videos CFS.

      • On August 7, 2017 at 6:11 pm,
        Dick Tracy says:

        How much longer will it be before the narco Mexican gangsters start taking over the mining industry. I would think it would be very easy for them to extort gold or precious metal from these companies for protection of their businesses and it would it very hard to trace the gains.

        • On August 8, 2017 at 12:17 am,
          b says:

          Far more cash in pot with alot less hassle.

  14. On August 7, 2017 at 5:57 pm,
    Ozibatla says:

    Good analysis by Rambus on the PMs market. It is a bit of fence sitting but at least he doesnt yoyo back and forth with sentiment such as dear old Clive Maund.

    Not saying hes right beyond doubt but I believe he shows a clear picture of the ongoing bear in gold and silver.

  15. On August 8, 2017 at 3:34 am,
    Wolfster says:

    Interesting take on the so called recovery of the us economy

  16. On August 8, 2017 at 5:27 am,
    Excelsior says:

    Brent Cook On Where To Look For New Discoveries
    Tom Wallace – The Junior Insider

    “Brent Cook was about to be interviewed by someone else, but by chance I bumped into him and managed to snag this short interview. He shares his thoughts on positive sentiment returning to the exploration sector, where to look for new deposits, new technology in the mining sector, countries that are opening up to mining and others that are committing economic suicide by destroying the industry.”

    • On August 8, 2017 at 5:50 am,
      Excelsior says:

      Newfoundland & Labrador – A New Frontier for Gold Exploration
      by @Leni on August 8, 2017

      “Canada is well known for its gold mineralization; the Abitibi Greenstone Belt in Northern Ontario and Quebec, the Golden Triangle in Northern British Columbia and the White Gold District in the Yukon.”

      “Lesser known, but quickly emerging as the next frontier in Canadian gold mining exploration and development, is Newfoundland & Labrador (NL). Over the last year, NL has seen a staking rush and looks to be added to the list of world-class destinations for mineral exploration.”

      Brian: From a geological perspective, why explore for mineralization in Newfoundland & Labrador?

      (ANX) Anaconda Mining Inc. – CEO: Dustin Angelo

      “The long geological history with diverse geological terranes that have seen multiple mountain building events and deep crustal scale fault zones lend themselves to strong potential for gold mineralization. The Appalachians as a whole is a mountain belt that has not seen a lot of exploration for orogenic gold deposits despite similar age rocks throughout the globe (e.g. Lachlan fold belt in Eastern Australia) being a significant host for gold mineralization. Recent discoveries and development projects (e.g. Valentine Lake, NL; Moose River Mines, NS) are starting to show the potential for the Appalachians to host large gold deposits. Newfoundland is becoming a recognized place to look.”

      • On August 8, 2017 at 6:04 am,
        Wolfster says:

        Believe our Auryn boys have a play too through torq resources

        • On August 8, 2017 at 6:25 am,
          Excelsior says:

          Great point – They were highlighted as well:

          “Torq Resources is a mineral exploration company with a goal to establish a tier-one mineral portfolio. Currently, Torq owns 120,000 hectares of prospective gold property in Newfoundland & Labrador. Torq is led by CEO, Michael Kosowan, and board members, Ivan Bebek and Shawn Wallace, who are serially successful entrepreneurs within the mining sector.”

          • On August 8, 2017 at 6:32 am,
            Wolfster says:

            My bad. Lol. Didn’t read all the way through to the end. Back of the class I go. 😁

          • On August 8, 2017 at 6:54 am,
            Excelsior says:

            I like that Newfoundland and Labrador are still relatively under-explored, and yet safe Canadian jurisdictions with good infrastructure. Fun times!

          • On August 8, 2017 at 7:34 am,
            Wolfster says:

            I like anything Ivan’s involved in. So far he’s never dropped the ball.

          • On August 8, 2017 at 9:27 am,
            Excelsior says:

            Agreed Wolfster.

  17. On August 8, 2017 at 5:32 am,
    Excelsior says:

    Gold, Silver Bears Getting Squeezed But For How Long Ask Analysts

    Neils Christensen – Monday August 07, 2017

  18. On August 8, 2017 at 5:36 am,
    Excelsior says:

    (SGN) Scorpio Gold Produces 4,660 Ounces of Gold in Second Quarter 2017 at the Mineral Ridge Operation, Nevada
    by @nasdaq on August 8, 2017

    “Brian Lock, interim CEO, reports, “The second quarter of ore production at Mineral Ridge was consistent with ore production in Q1, as production continues to be affected by a slowdown in mining and processing while the project awaits approval of the amendment to its revised Plan of Operations, which is pending from applicable regulatory authorities and is expected to be received in Q4 of 2017 or Q1 of 2018. The Custer pit and other areas for which permitting is outstanding, will be evaluated for economics of associated mining timelines when permits are received.”

    • On August 8, 2017 at 1:36 pm,
      Dan, calgary says:

      They will have over $20m in sales for a micro-cap stock. Not bad. Mid August will be the turn around IMHO. In the immortal words of Douglas Adams, “Don’t Panic”.

  19. On August 8, 2017 at 6:08 am,
    Excelsior says:

    (SCZ) Santacruz Silver Enters Definitive Agreement to Sell Gavilanes Project to (MLN) Marlin Gold for US$3.5 million

    “Pursuant to the terms of the Gavilanes Agreement, Marlin will advance US$580,000 to Santacruz within three business days of execution of said agreement as a refundable deposit to fund the cash payment portion of the Gavilanes Outstanding Balance. The amount of the Deposit will be deducted from the purchase price otherwise payable by Marlin on closing of the Gavilanes Transaction. The transaction is expected to close in August 2017.”

    “Gavilanes is a low sulphidation epithermal deposit located in the San Dimas mining district of Durango, Mexico, approximately 25 kilometers east of the San Dimas mine owned and operated by Primero Mining Corp. The current NI 43-101 resource estimate is approximately 6.1 million AgEq indicated ounces (953,000 tonnes grading 200.5 g/t AgEq) and 28.2 million AgEq inferred ounces (5.4 million tonnes grading 163.0 g/t AgEq).1 For additional information, see the NI 43-101 Mineral Resource estimate titled “2013 Mineral Resource Estimate, Gavilanes Project, Durango, Mexico”, dated November 13, 2013, prepared for Santacruz and available on Santacruz’s SEDAR profile.

    Akiba Leisman, Executive Chairman and Interim CEO of Marlin states that “this acquisition is a great transaction for both companies. Marlin gets to acquire an advanced exploration asset in one of the most prolific mining jurisdictions in the world for an attractive price, and Santacruz emerges as a debt free silver producer. The potential of Gavilanes is substantial, and we are proud to use the full extent of our technical and financial capabilities to advance the project and add substantial value to Marlin shareholders.”

  20. On August 8, 2017 at 6:52 am,
    Excelsior says:

    Here’s the list of Exhibitors at the Australian “Diggers and Dealers” Conference:

  21. On August 8, 2017 at 6:53 am,
    spanky says:

    Yet another great day to get short miners…

    • On August 8, 2017 at 7:35 am,
      Wolfster says:

      Guess you never bought any excelsior

  22. On August 8, 2017 at 6:55 am,
    Excelsior says:

    Gold $1269

    Silver $16.44

    • On August 8, 2017 at 6:56 am,
      OOTB Jerry says:

      Bitcoin ………$3402

      • On August 8, 2017 at 6:58 am,
        OOTB Jerry says:

        🙂 🙂 :)…..three coins in a fountain…….$29.95

        • On August 8, 2017 at 7:00 am,
          OOTB Jerry says:

          1 cent Large Cent…. Year 1795……MS 65………$40,000…… 🙂

          • On August 8, 2017 at 7:03 am,
            OOTB Jerry says:

            Morgan Silver dollars …….best investment in 10 yrs…….Carson City Known as CC…to the moon……. 🙂

          • On August 8, 2017 at 7:39 am,
            Excelsior says:

            Nice. I should have held onto my Morgans, but desperate times called for desperate measures. 🙁

            Thanks for the heads up sir.

          • On August 8, 2017 at 7:53 am,
            OOTB Jerry says:

            No problem…… enjoyed your comments at ceo

          • On August 8, 2017 at 9:56 am,
            Excelsior says:

            Thanks OOTB.

  23. On August 8, 2017 at 6:57 am,
    Bonzo Barzini says:

    Trading halted in NSRPF. Is NEM making a takeover bid or has Quinton been thrown from a helicopter?

  24. On August 8, 2017 at 7:00 am,
    spanky says:

    Axu’s turn to get hammered…

  25. On August 8, 2017 at 7:05 am,
    Bonzo Barzini says:

    TEVA has fallen from 33 to 18 in a week. Thanks, Matthew, for warning me when I was looking at it several months ago.

  26. On August 8, 2017 at 7:15 am,
    OOTB Jerry says:

    Good reading at CEA

    • On August 8, 2017 at 7:16 am,
      OOTB Jerry says:

  27. On August 8, 2017 at 7:17 am,
    Bonzo Barzini says:

    I fear that NSRPF has halted trading as the South African government is demanding 30% black ownership of this new Witatersrand deposit.

    • On August 8, 2017 at 7:22 am,
      OOTB Jerry says:

      They should just go for 50%…..then call in the Clinton Team to run the other 50%….

      • On August 8, 2017 at 8:07 am,
        Bonzo Barzini says:

        Don’t give’em any ideas!

        • On August 8, 2017 at 9:34 am,
          OOTB Jerry says:


  28. On August 8, 2017 at 7:27 am,
    spanky says:

    They are setting the miners up for an absolutely epic crash and burn. The Silver miners are the canary in the gold mine.

    • On August 8, 2017 at 9:07 am,
      b says:

      Might be something to that spanky.

      On the other hand, novo has halted trading.

      Some people think the whole industry goes nuts if novo goes ballistic.

  29. On August 8, 2017 at 7:30 am,
    Excelsior says:

    Tudor Gold Corp. Announces First Hole into GR2 Zone at Treaty Creek

    @newsfile on August 8, 2017

    • On August 8, 2017 at 10:59 am,
      Excelsior says:

      Teuton and American Creek up BIGLY on this news as well today….. Wow!

  30. On August 8, 2017 at 7:55 am,
    OOTB Jerry says:

    Dang……….$1253……….no hold on the 1255

    • On August 8, 2017 at 8:06 am,
      OOTB Jerry says:

      1251………dang fed……controlling commies…..

  31. On August 8, 2017 at 8:01 am,
    OOTB Jerry says:

    JOB openings soar to NEW HIGHS.zh……….Yellen is wetting her depends………..LOL

  32. On August 8, 2017 at 11:10 am,
    Excelsior says:

    Novo Announces First Bulk Sample Results From Its Karratha Gold Project, Western Australia

    Aug. 08, 2017 (GLOBE NEWSWIRE) — Novo Resources Corp. (NVO)

    “We are very pleased with results from our initial bulk sampling exercise,” commented Dr. Quinton Hennigh, Chairman, President, and Director of Novo Resources Corp. “Not only was the grade of this bulk sample encouraging, the Steinert XSS T sorting machine proved highly efficient at picking rock with coarse gold particles. We see value in its use for helping determine grade of this very unusual mineralization as well as potential use for future commercial applications. We look forward to working with Nagrom over the next few weeks to develop sampling and analytic protocols applicable to our upcoming trenching and drilling program. Novo has developed extensive experience testing unconventional conglomerate gold deposits at our Beatons Creek project. Traditional exploration and analytic techniques are not well suited to this style of gold deposit. We look forward to exploiting our many years’ experience at Beatons Creek to our and Artemis’ benefit at Karratha. While these initial results are encouraging, a systematic and careful work program drawing on our experience is required.”