Chris Temple from The National Investor – Wed 9 Aug, 2017

North Korea and US tensions driving markets

Geopolitics is always very hard to invest in because it can come and go tomorrow. Starting at the tail end of yesterday and continuing today, tensions between North Korea and the US are putting the safe havens back on investors minds. Chris Temple and I chat about the potential for these geopolitical concerns to continue to drive markets. We also discuss how to balance fundamentals when geopolitics are on investors minds.

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Featuring:
Chris TempleCory Fleck
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Comments:
  1. On August 9, 2017 at 9:42 am,
    spanky says:

    Last time the weekly bollinger bands on $hui were this narrow was 2007. Needless to say, the whipsaws over the next year were monumental.

    It first started off with a large but short duration spike down out of the consolidation in August 2007 that was about a 20% drop.

    That spike was immediately followed by a huge rally that basically saw the $hui go from 300 to around 530 by March 2008!

    From March 2008 peak at 530, the $HUI crashed lower, ultimately bottoming at around 150 in October 2008!

    Talk about an emotional rollercoaster. I remember it well. I remember vividly Gary Savage saying that $HUI was headed to 1000+ once HUI broke through 530 in March 2008. How very wrong he was. We all were.

    http://stockcharts.com/h-sc/ui?s=%24HUI&p=W&yr=19&mn=0&dy=0&id=p53635191797&a=538785963&listNum=1

  2. On August 9, 2017 at 10:05 am,
    CFS says:

    I have never been to North Korea and am not familiar with their culture.
    Is it possible that President Trump’s speech yesterday was made to give Lil’ Kim a chance to behave rationally and save face?
    Is “face” important in N. Korean culture?

    • On August 9, 2017 at 10:50 am,
      b says:

      Guess I see things dif than most people.
      I see N Korea as preparing to defend themselves.

      We all know what the U.S. is, so does the world and especially N Korea as well as a few others Iraq Lybia Iran etc

      So I dont blame them for preparing for an american invasion and or attack.

      Korea has not attacked anyone, but truth doesnt matter, like the Russians invaded Crimea, and we know people dont care enough to inform themselves.

      Its actually surprising just how uneducated our leaders are, they obviously have never heard of Cathrine the great or the Ottoman empire.

      Geez our schools are crappy, funny people go into so much debt to get a pce of paper from these ignorant institutions.
      Ya, theyre worth somethin. lol

      • On August 9, 2017 at 4:32 pm,
        Ozibatla says:

        Here here b.

  3. On August 9, 2017 at 10:25 am,
    spanky says:

    EXK down 4% today. More bull market action.

    • On August 9, 2017 at 11:02 am,
      Excelsior says:

      Hulk Smash in Amazon (AMZN) where it down day after day. Even more Bull Market action:

      “To Infinity and Beyond……”

      http://stockcharts.com/h-sc/ui?s=AMZN&p=D&yr=0&mn=6&dy=0&id=p85765322350

    • On August 9, 2017 at 11:07 am,
      Excelsior says:

      Spanky – It is funny to me that harp on $EXK every single day like it is on the only Silver or Gold stock out there. Using one stock as a benchmark for a whole sector is a silly notion, and it is much better just to track all the stocks in a sector or subsector and look for a trend. ETFs are helpful to some degree as well, depending on their makeup and how they are weighted.

      Here is how the Silver miners are doing today so far with a few hours left of trading:

      Ticker Symbol / #Silver Stocks Company Name / % Chg

      SVG.V Silver Grail Resources Ltd. +100.00%
      APE.V Apogee Opportunities Inc. +17.24%
      DV.V Dolly Varden Silver Corporation +9.80%
      SSE.V Silver Spruce Resources Inc. +9.09%
      SIL.V SilverCrest Metals Inc. +7.34%
      BHS.V Bayhorse Silver Inc. +6.67%
      AUN.V Aurcana Corporation +6.25%
      LVN.TO Levon Resources Ltd. +5.80%
      SCZ.V Santacruz Silver Mining Ltd. +5.71%
      SVB.TO Silver Bull Resources, Inc. +5.56%
      FRES.L Fresnillo PLC +4.89%
      ASM Avino Silver & Gold Mines Ltd. +4.61%
      HOC.L Hochschild Mining PLC +4.72%
      GRG.V Golden Arrow Resources Corporation +3.70%
      HL Hecla Mining Company +3.51%
      IPT.V IMPACT Silver Corp. +2.86%
      MAG.TO MAG Silver Corp. +2.39%
      KTN.V Kootenay Silver Inc +4.35%
      FSM Fortuna Silver Mines Inc. +1.84%
      PAAS Pan American Silver Corp. +1.62%
      DEF.V Defiance Silver Corp. +1.56%
      SVM.TO Silvercorp Metals Inc. +1.46%
      SVE.V Silver One Resources Inc. +1.23%
      AXU Alexco Resource Corp. +1.23%
      BCM.V Bear Creek Mining Corporation +0.87%
      CDE Coeur Mining, Inc. +0.20%

      • On August 9, 2017 at 11:10 am,
        OOTB Jerry says:

        HOly silver grail…….

        • On August 9, 2017 at 11:16 am,
          Excelsior says:

          Haha – Silver Grail is tied in with the JVs with (TUO) Teuton Resources and (AMK) American Creek and they are also partnered with (TUD) Tudor Gold in different JVs. It’s all very interconnected with those companies.

          I mentioned the huge run yesterday in TUD, TUO, and AMK yesterday on a few blogs here on the KER and nobody responded. I thought for sure MarkedToFuture would comment as he is very knowledgeable on their deposits.

          Anyway – it’s been a big deal for all these companies over at ceo. Also, Silver Grail is close to IDM mining on some of their land, and IDM had good drill results out today as well.

          It pays to follow the news…… Exploration is being rewarded once again, and I made a bundle on TUO yesterday.

      • On August 9, 2017 at 11:17 am,
        Matthew says:

        Spanky has become very funny lately. EXK will hopefully fall another 50% so I can buy it.

        • On August 9, 2017 at 11:19 am,
          Excelsior says:

          +50

          • On August 9, 2017 at 11:19 am,
            Excelsior says:

            That would hurt me in the short term though 🙁

          • On August 9, 2017 at 11:21 am,
            Excelsior says:

            If $EXK got chopped in half from here (which I am NOT expecting) then I’d absolutely be a buyer. I’ve been a buyer the last few days because these prices are already very attractive.

        • On August 9, 2017 at 11:36 am,
          spanky says:

          Thanks for the taunts. I don’t recall ever taunting your shitty picks.

          • On August 9, 2017 at 11:43 am,
            Excelsior says:

            You’ve been taunting Excellon and Alexco constantly (multiple times a day), and then brag that Amazon will never go do and it’s been crushed over the last 2-3 weeks.

            In addition you’ve taken great glee every day the metals dropped and have been calling for lower lows in Silver down to $13 and then $9.

            All I said is that you are putting waaaaaaaay too much focus on just 1 or 2 companies, which you had to know they were 2 companies that many here are invested in. Bonzo and Doc and several other hold positions in EXN and about half dozen regular posters here have positions in AXU.

            The point is nobody should be using just 1 or 2 stocks to extrapolate out what is happening to a whole sector. You look at the whole sector to see what’s happening to it.

          • On August 9, 2017 at 12:07 pm,
            Bonzo Barzini says:

            Excelsior, I also own AXU as well as EXK, KLDX,NSRPF,RPGMF,AG,HL,PAAS,NGD,ABX,NCMGY, SSRM,SVLB,AEM,TAHO,DRGDF,OCANF,PVG,PPP,MUX,TORXF,WPM,FNV,RGLD,NEM,SAND,GG,CEF,PSLV,KGLDF,DDC,OLV.V,USAS, etc.

          • On August 9, 2017 at 12:17 pm,
            Matthew says:

            You’re taunting anyone who’s bullish everyday lately. Considering your own constant negativity, I’m surprised my comment got such a reaction from you.

          • On August 9, 2017 at 12:20 pm,
            spanky says:

            I don’t EVER recall “hoping” someone’s stock goes down. And I never would. I am just making a prediction, just like Matthew’s moonshot calls.

          • On August 9, 2017 at 12:21 pm,
            spanky says:

            Because at least in the short run, I am losing my a$$. And the kicker is, I say through a 1 year consolidation to wait for it.

          • On August 9, 2017 at 12:33 pm,
            Matthew says:

            It wouldn’t bother me at all if you did hope my stocks would go down and you’re making shit up about my moonshot calls. I am very bullish about the rest of the year but have not put price targets on anything.

          • On August 9, 2017 at 1:22 pm,
            Excelsior says:

            Bonzo Barzini that is an impressive list sir.

            You really need to start your own Barzini Precious Metals Fund or ETF. 😉

          • On August 9, 2017 at 1:31 pm,
            Excelsior says:

            Spanky, for clarity, I appreciate your charts and your bearish stance because it is nice counterbalance here on the KER to have a few bears to keep perspectives in check, but it is more your tonality and way of posting that seems like you enjoy sticking it to people on stocks that falling that many people here own.

            I don’t have time to go through all the old posts be here a few from just 1 blog yesterday as an example:

            • On August 8, 2017 at 10:21 am,
            spanky says:

            “EXK down 7 days in a row–down over 30% over that time. That’s a bull market if I ever saw one.”

            • On August 8, 2017 at 12:12 pm,
            spanky says:

            “AXU’s turn for a as a$$whipping is coming up on their earnings in 2 days…”

            • On August 8, 2017 at 2:25 pm,
            spanky says:

            “HL is for sure going sub-4.50 and has a chance to get down to its 50 month MA at 3.66 on this next crash lower in the miners.”

            • On August 8, 2017 at 3:16 pm,
            spanky says:

            “Well, that bearish sentiment has been more than fully cleansed. Looks like a huge bottoming pattern to me in the ratio, which should be the deathknell for miners.”

            • On August 8, 2017 at 3:18 pm,
            spanky says:

            “Huge inverse H&S on that chart. The writing is on the wall.”

        • On August 9, 2017 at 11:56 am,
          Bonzo Barzini says:

          But when will you buy RPMGF, Matthew?

          • On August 9, 2017 at 12:02 pm,
            Excelsior says:

            +1 haha! A little place called Nevada……

          • On August 9, 2017 at 12:20 pm,
            Matthew says:
          • On August 9, 2017 at 1:20 pm,
            Excelsior says:

            It is putting in a weekly “Doji” candle. Looks like a good place for a reversal to me.

      • On August 9, 2017 at 11:18 am,
        Excelsior says:

        I wouldn’t place too much emphasis on the movement of just one stock, as there are a number of Silver stocks with varying sized deposits, jurisdictions, production output, etc…

        Bellweather stocks are mostly BS. It’s much more instructive to look at the whole basket of stocks in subsector to see how they are performing and look for the trends.

        For example, on today’s Silver move higher, it is the Explorers and Developers that are outperforming the Producers. Most of the Silver stocks gaining on the day are up 4-10% so that looks about right, considering Silver is up about 2.8% on the day.

      • On August 9, 2017 at 12:34 pm,
        Excelsior says:

        Dolly Varden Intercepts 12.55 Metres Grading 520 g/t Silver-Equivalent, Including 7.00 Metres Grading 765 g/t, in the Torbrit Deposit Area of the Golden Triangle, Northwestern British Columbia

        Aug. 9, 2017 /CNW/ – Dolly Varden Silver Corporation (DV) (DOLLF)

        http://www.newswire.ca/news-releases/dolly-varden-intercepts-1255-metres-grading-520-gt-silver-equivalent-including-700-metres-grading-765-gt-in-the-torbrit-deposit-area-of-the-golden-triangle-northwestern-british-columbia-639414193.html

        • On August 9, 2017 at 12:35 pm,
          Excelsior says:

          Cory – It would be great to get Gary Cope on the KER for a breakdown of what he is doing with Dolly Varden.

  4. On August 9, 2017 at 10:28 am,
    OOTB Jerry says:

    Ethereum on fire………..crypos going crazy in South Korea…..

    • On August 9, 2017 at 10:46 am,
      JohnK says:

      Jerry:
      I don’t see it. Ethereum is presently $1 higher than yesterdays close.
      Perhaps you could post a link?
      https://coinmarketcap.com/

      • On August 9, 2017 at 10:59 am,
        OOTB Jerry says:

        Maybe that was last night……check out the chart and comments over at zerohedge.

  5. On August 9, 2017 at 10:32 am,
    OOTB Jerry says:

    SWISS NATIONAL BANK……..holds $84 BILLION worth of US stocks…….

  6. On August 9, 2017 at 10:37 am,
    OOTB Jerry says:

    NORTH KOREA……..most likely fake news……..Debt ceiling coming up and the military wants to keep it’s bloated budget of over 54% of the pie., plus the Black Budget of trillions they lost in the last couple of years………..jmo

    • On August 9, 2017 at 10:38 am,
      OOTB Jerry says:

      Brian Williams …….last nite, says his mission was to “scare people to death” zh

      • On August 9, 2017 at 10:40 am,
        OOTB Jerry says:

        Guns and butter…..economy,….. and the guns have it………..

        • On August 9, 2017 at 10:53 am,
          Excelsior says:

          Butter them up or they’ll use the guns….

      • On August 9, 2017 at 10:58 am,
        JohnK says:

        I like Brian Williams.He has a Late Model Dirt Race Team. Once a Racer always a Racer.
        He made his own bed when he started making up stories. To bad for him.

        • On August 9, 2017 at 11:01 am,
          OOTB Jerry says:

          Just part of the bought and paid for PRESS…..only, this time we know it is FAKE NEWS, the Trust of the PRESS is over.

          • On August 9, 2017 at 11:02 am,
            OOTB Jerry says:

            POLITICs as we thought is OVER…….never was fair, just corrupt.

  7. On August 9, 2017 at 10:46 am,
    PF says:

    US should just make a deal with China.

    China takes care of “fat boy” or allows the US to do it.
    And in return the US shuts down all their military bases in South Korea and Japan, as well as stops selling weapons to Taiwan.

    • On August 9, 2017 at 11:08 am,
      OOTB Jerry says:

      How is the BLack Budget pentagon going to steal $8.6 Trillion more money , if they shut down all the military bases, How will congress get it’s kick back, how will the queen get her free estate to pass on ….How will the Banksters continue fleecing the sheeple…….

  8. On August 9, 2017 at 10:47 am,
    Markedtofuture says:

    Dr. Ron Paul: Central Banks Coordinating Manipulations Daily

    https://www.youtube.com/watch?v=3SPiHhuLdFY&feature=youtu.be

  9. On August 9, 2017 at 10:53 am,
    Excelsior says:

    Ross Beaty: “Trump will be forgotten”
    August 2017 (bad headline – since the article is based on commodities & energy)

    > We are now on a bull run for Zinc, Copper, Cobalt and Lithium

    “For mining and minerals, I would say we are probably back in a bullish market, after four or five years of bearish markets. We are in a short correction today – the metal markets are still a little weaker than they have been, but they are well off the bottom line and we will continue to see new highs. Then again, each metal is different. Zinc and copper, for example, are looking quite bullish and are probably the best base metals. We are seeing moderate health in gold and silver prices, relative to the lows we saw a couple of years ago. These markets are taking a bit of a pause right now, but that is perfectly normal and healthy. These could become strong markets in the coming years, driven by demand and global monetary policy.

    Large markets for lithium-ion batteries will drive lithium prices higher, though extensive supply may prevent them from becoming very strong. Cobalt prices have taken off and we should see very good markets in the future, given that cobalt is a fundamental building block of high-density lithium batteries. Palladium should be reasonably healthy. ”

    http://www.c-resource.com/2017/08/07/ross-beaty-trump-will-forgotten/

    • On August 9, 2017 at 11:14 am,
      Matthew says:

      Beaty is a global warming alarmist.

      http://memeshappen.com/media/created/2017/05/SAD-So-sadRI4X5.jpg

      😉

      • On August 9, 2017 at 11:26 am,
        Excelsior says:

        😮 Funny, and likely true.

        I’m just investing with the Trend (The Trend is your friend). Ross is sharp guy to have at the helm of any company and is tied in to the macro picture in the commodities space.

        From what I’ve experienced over the last 2 years he is spot on. Zinc, Copper, Cobalt and Lithium are places to have been invested and they will continue to be so.

        Many days when Gold and Silver and Uranium stocks were in the toilet, it was my Zinc, Copper, and Lithium stocks that saved the day/week/month.

        Diversification and rebalancing one’s portfolio are great risk management tools.

        • On August 9, 2017 at 11:32 am,
          Matthew says:

          I have felt the same way about zinc and copper for the last two years but I won’t pay the Beaty premium to own one of his companies. There are too many other good choices.

          • On August 9, 2017 at 11:45 am,
            Excelsior says:

            I’ve considered Orca Gold (it isn’t pricey yet, but is in the Nubian shield) so not a desirable jurisdiction.

            The only Beaty company I hold is Alterra Power (Solar, Wind, Geothermal, Hydro).

          • On August 9, 2017 at 11:47 am,
            Excelsior says:

            As for Zinc & Copper – He doesn’t even have much exposure except through Pan American Silver as co products.

            There are DEFINITELY better Zinc and Copper stories out there, but I liked his comments on the macro picture in those commodities.

          • On August 9, 2017 at 12:27 pm,
            Matthew says:

            Here’s a good high grade zinc & copper explorer that I’m sure you remember:

            http://stockcharts.com/h-sc/ui?s=CEM.V&p=W&yr=1&mn=11&dy=0&id=p93908439235

            (This is probably not the best time to buy it.)

          • On August 9, 2017 at 1:14 pm,
            Excelsior says:

            Yes sir. CEM is a solid player in the Zinc, Copper, Gold exploration & development space.

            Some of the Zinc stocks have had quite a year. There are a few Aussie companies like Pasinex and Red River that don’t load into Stockcharts, but this paints the picture.

            Tinka and Vedetta were my 2 high flyers this year:

            http://stockcharts.com/freecharts/perf.php?TK.V,VTT.V,CEM.V,TV.TO,AZ.TO,CZX.V,CNX.V,ZINC.V,FOM.V,AWE.V&p=5&O=011000

          • On August 9, 2017 at 1:18 pm,
            Excelsior says:

            Zazu Metals had a good year but they were taken over by Solitario Exp.

            I believe the value in some of the Zinc companies that didn’t participate yet like Heron, or Callinex or Canada Zinc Metals will be epic when they play catch up.

            The Zinc space is going to continue to surge based on all the data coming in for the next 1-3 years. Buckle up and enjoy the ride.

      • On August 9, 2017 at 7:29 pm,
        Excelsior says:

        Matthew – I think you’ll resonate with a few critiques of the Ross Beaty article above from a contributor named Teevee over at ceo.

        @teevee – “Ross Beaty is wrong on several accounts in his article: 1) coal use and demand is increasing world wide and US exports are booming.2) Base load power is required for mass adoption of electric vehicles, and nuclear power is the ONLY “green” option. Also, there just isn’t enough cobalt available to facilitate mass adoption of battery powered electric vehicles, so it simply won’t happen without different battery technology that doesn’t require cobalt 3) “green energy” doesn’t have the energy density of liquid hydrocarbon fuels, which will not be displaced, especially when you consider there is plenty of oil and at least a couple hundred years supply of natural gas, which can be turned into synthetic gasoline, diesel and jet fuel. If oil didn’t exist naturally, we would have invented it. 4) Low cost hydrobarbons (oil, gas and coal) are making economic growth possible. 5) “green” companies continue to fail, or just close up shop when their gov’t subsidies expire and are not renewed (ie. Siemens wind turbine blade manufacturing plant in Ontario). Ross Beaty is acting and talking like yesterday’s man hanging onto the failed climate change band wagon.” — Teevee

    • On August 9, 2017 at 6:28 pm,
      Excelsior says:

      Sprott Conference: Friedland pitches metals used in electric vehicles

      Lesley Stokes – 1 day ago

      “The electric car revolution is accelerating, and so will the demand for metals that make them work, Robert Friedland, executive chairman of Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) said during a presentation at the Sprott Natural Resource Symposium in Vancouver in late July.

      In what has become a recurring topic in his presentations, Friedland stated that continued rapid urbanization, combined with efforts to fight air pollution, will lead to the ramping up of electric vehicle production. And the demand for the metals needed to build them — including copper, platinum, palladium, zinc, nickel and cobalt — will rise as a result.

      “This is an era of unprecedented change, it’s really happening,” Friedland said. “The handwriting is on the wall. For those of you who deny this phenomenon, you’re going to miss this massive disruption opening soon at a theatre near you.”

      “Air pollution isn’t just in China. It’s in Paris, Greece, Madrid and Mexico City,” he said. “In Beijing, the government is on an air pollution jihad. It’s engaging in the largest enterprise ever to clean the air, and they’re going to do it because China is a command economy.”

      He noted an electric vehicle currently contains 150 kg of copper — or four times more than a conventional vehicle — and even more copper will be required to electrify developing countries, he said.

      “We don’t have enough copper being discovered to meet future copper demand. We need much higher copper prices to stimulate the painful enterprise of exploration, development and production. We’re just getting on the edge of a very steep ski slope and looking down over the edge.”

      http://www.northernminer.com/news/sprott-conference-friedland-pitches-metals-used-electric-vehicles/1003788520/amp/

      • On August 9, 2017 at 8:06 pm,
        Excelsior says:

        Elon Musk inspires No.1 miner to target electric vehicle boom
        9TH AUGUST 2017 – BLOOMBERG

        “Observations by Tesla’s Elon Musk on the key role nickel plays in the electric vehicle boom helped inspire the world’s top miner BHP Billiton to invest in new capacity to target rising demand.”

        “Amid efforts to improve performance at its nickel operations in Australia, Eduard Haegel, asset president of BHP’s Nickel West unit, said he “stumbled across” a video of Musk’s comments in 2016 highlighting that EV batteries typically contain higher quantities of the metal than lithium.”

        “As we delved in to understand more about the lithium-ion battery market, it became clear that demand from EVs was accelerating,” Haegel said Wednesday in an interview. “It also became clear that we had competitive advantages.”
        As a result, BHP approved a $43-million project to begin production at its refinery from April 2019 of nickel sulfate, a product needed for lithium-ion batteries. The move will make BHP the top exporter of the material, Haegel said in Kalgoorlie, Western Australia.”

        http://www.miningweekly.com/article/elon-musk-inspires-no1-miner-to-target-electric-vehicle-boom-2017-08-09

  10. On August 9, 2017 at 11:14 am,
    Silverdollar says:

    Since you guys discussed ‘fundamentals’, I happened to see the following on an article by Avi Gilbert this morning. The following paragraph seemed worth remembering:
    “Allow me to also remind you about the conclusion of one of the leading economists in the world today. In a paper written by Professor Hernan Cortes Douglas, former Luksic Scholar at Harvard University, former Deputy Research Administrator at the World Bank, and former Senior Economist at the IMF, he noted the following regarding those engaged in “fundamental” analysis for predictive purposes:”
    “The historical data says that they cannot succeed; financial markets never collapse when things look bad. In fact, quite the contrary is true. Before contractions begin, macroeconomic flows always look fine. That is why the vast majority of economists always proclaim the economy to be in excellent health just before it swoons. Despite these failures, indeed despite repeating almost precisely those failures, economists have continued to pore over the same macroeconomic fundamentals for clues to the future. If the conventional macroeconomic approach is useless even in retrospect, if it cannot explain or understand an outcome when we know what it is, has it a prayer of doing so when the goal is assessing the future?”

  11. On August 9, 2017 at 11:16 am,
    Markedtofuture says:

    The Global Unit of Account from the USD to the SDR has started explains ITM Trading’s Lynette Zang

    ITM Trading’s Lynette Zang Talks about shift away from the US dollar to the SDR as the global unit of account began back in May 2017. This shift is being ushered in and supported by China as power also shifts from the West to the East. The tool being used is the ACC (Asset Collection Chain), which digitizes tangible asset ownership into a tradable SDR. I consider this the most important event to date.

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

  12. On August 9, 2017 at 11:20 am,
    spanky says:

    I’m willing to concede that any action prior to a breakout is just noise. But we are getting damn close.

    http://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24HUI&p=W&b=5&g=0&id=p16244865044&a=538801260&listNum=1

    • On August 9, 2017 at 11:33 am,
      JohnK says:

      Spankster:
      I knew you would come over once the conventional markets started to falter.
      Now flip that chart of EXK over and start looking at it the right way.

  13. On August 9, 2017 at 11:31 am,
    spanky says:

    SLV and $silver put in outside week down candles last week. This week they have taken out the high from last week. That’s what Ira Epstein would call a bear trap.

    On top of that it’s interesting to note that silver is about to put in an outside week up candle too. That’s two massive reversal candles back to back. This should be bullish as hell, but the miners aren’t buying it at all….

  14. On August 9, 2017 at 11:46 am,
    CFS says:

    While you guys often talk about batteries, electric cars, copper, lithium etc., here’s a company I suggest to look at that makes capacitors……a necessary component in many electronic and electric systems.
    This is not a recommendation on timing to buy, etc.
    The company is Kemet, KEM

    • On August 9, 2017 at 11:50 am,
      Excelsior says:

      Thanks CFS. Kemet has been on a tear for a while now, but capacitors is a space I know nothing about. Very interesting though. Do you follow this one closely?

  15. On August 9, 2017 at 12:25 pm,
    CFS says:

    Not very Close. It has been a hold for over a year, with increasing margins.

  16. On August 9, 2017 at 12:29 pm,
    JohnK says:

    With the ongoing tension with N.Korea,here is a good read that puts a lot of things in perspective.
    Family of Secrets.
    The Bush Dynasty,Americas Invisible Government and the Hidden History of the Last Fifty Years.
    Authored by Russ Baker.

  17. On August 9, 2017 at 1:00 pm,
    Jason says:

    Gold sputtered but silver blasted off! I netted 4.5% on USLV today and 2% on Ether. Walked with $37 profit in my pocket and about $1600 back on the table for play. So much for the world ending.

    • On August 9, 2017 at 1:19 pm,
      Excelsior says:

      Hi Ho Silver…… Away!!

      • On August 9, 2017 at 1:44 pm,
        JohnK says:

        Shad:
        Thanks for the perf chart on the Zinc explorers. Mathew brought up CEM.V .I bought the break out and have been adding on pullbacks. Mathew is right about probably a bad time to buy,but in the long run I think I will be OK.I have a pretty decent position with a cost basis of .20, with a downside stop of .145. The risk reward looks ok from here.The post about the Chinese smelters did give me a bit of a pause I will admit.

        • On August 9, 2017 at 2:27 pm,
          Excelsior says:

          Nice work on CEM. I like Darwin and their team, like the gravity assist mining by tunneling into the side of the mountain, and it helped that they got the new road in place for site access.

          Ever Upward!

  18. On August 9, 2017 at 1:39 pm,
    Bonzo Barzini says:

    Excelsior, I forgot to mention OR, GORO, VGZ, IAG, Durban Deep, and lots of gold and silver coins in my private mutual fund. I’m probably forgetting others. And I still have Midway Gold, Allied NV, and Royal Oak Mines which are worthless.

    • On August 9, 2017 at 2:26 pm,
      Excelsior says:

      Those should all be included in the Barzini Precious Metals Fund.

      I want to buy shares in your fund, but yeah, you can leave out Midway, Allied Nevada, and Royal Oak. 🙂

      * On a related note, West Kirkland is the company that scooped up Allied Nevada’s old assets in 2014 and they are going to be much better stewards of the properties moving forward.

      _____________________________________________________________

      WEST KIRKLAND COMPLETES ACQUISITION OF HASBROUCK AND THREE HILLS PROPERTIES FROM ALLIED NEVADA

      April 23, 2014 – Further to its press release of January 27, 2014,

      “Sandy McVey Chief Operating Officer of West Kirkland said, “After evaluating nearly 250 properties worldwide under strict criteria we are pleased to have acquired the Properties and completed this transaction. With the support of our institutional shareholders West Kirkland can begin the work needed to bring these assets towards permitting and a construction decision.”

      http://wkmining.com/news_releases/2014/index.php?content_id=138

      • On August 9, 2017 at 3:52 pm,
        Bonzo Barzini says:

        I still have over 10000 shares of Royal Oak and am hoping they will rise again from the ashes. Whatever happened to Peggy Witte, Miner of the Year, after Royal Oak went under? Did she move to Switzerland with millions?

        • On August 9, 2017 at 6:25 pm,
          Excelsior says:

          I don’t know anything about Royal Oak or Peggy Witte. I’ve just heard Royal Oak cited as company the crashed and burned after the hype was exposed.

      • On August 9, 2017 at 4:17 pm,
        OOTB Jerry says:

        Sounds like a con job……….250 properties……..

        • On August 9, 2017 at 6:23 pm,
          Excelsior says:

          They evaluated 250 properties but settled on only 2:

          Those 2 properties were the old Allied Nevada properties Hasbrouck and Three Hills assets.

          http://www.wkmining.com/projects/hasbrouck_overview/

          • On August 10, 2017 at 4:47 am,
            OOTB Jerry says:

            Looking thur the report, and Three Hills estimate on prices…..gold $1300 and silver $22, which is funny, because those are the numbers we keep coming back to make some money.

          • On August 10, 2017 at 4:48 am,
            OOTB Jerry says:

            Three Hills , looks a little weak, what do you think……..thanks ootb

  19. On August 9, 2017 at 1:43 pm,
    Bob UK says:

    Not so sure about the YEN being safe considering that Japan would be a potential target for a NK nuke if NK acrually has any that work on missiles.

    @civmilair and @mil_radar are two twitter feeds worth following at the moment re military movements. Probably more important that charts currently.

  20. On August 10, 2017 at 8:26 am,
    Tom says:

    Do people actually believe that North Korea would be stupid enough to bomb Guam or any other U.S. target? They have been bluffing for decades and know
    that we could wipe them off the map. Buy the dip in stocks.