Dana Lyons Commentary – Thu 14 Sep, 2017

Key levels for yields and USD:Euro Ratio

Dana Lyons shares with us today the key levels he is watching for yields and the USD. Both yields and the dollar have been in downtrends this year but now when testing levels that could change the outlook if they both manage to put in some upward moves.

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Featuring:
Dana LyonsCory Fleck
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Comments:
  1. On September 14, 2017 at 1:16 pm,
    Silverdollar says:

    Noteworthy that Dana’s thoughts on interest rates seems to be exactly opposite of Rick Ackerman’s which assures investors that interest rates are either headed up…………..or down!

  2. On September 14, 2017 at 1:52 pm,
    CFS says:
  3. On September 14, 2017 at 2:15 pm,
    CFS says:
  4. On September 14, 2017 at 2:21 pm,
    CFS says:

    Or from Dorset St, London:
    https://www.youtube.com/watch?v=iu_Z05_z_5c

  5. On September 14, 2017 at 2:26 pm,
    CFS says:

    And the Usual IRA EPSTEIN version

    https://www.youtube.com/watch?v=V1e74-pzsR4

  6. On September 14, 2017 at 2:54 pm,
    CFS says:

    John Rubino on Illinois bankruptcy:

    https://www.youtube.com/watch?v=nG16jy9vd08

  7. On September 14, 2017 at 3:27 pm,
    Skeeta says:

    North Korea just fired off another missile.

  8. On September 14, 2017 at 3:48 pm,
    Dick Tracy says:

    Cory has taken over a lot of the running of this site and he is very good at interviewing and understanding the junior resource market, but Big Al whether you agreed with him or not had the ability to understand communication with people. That is a skill that is lacking in our society, and without a person who can communicate with others on this site, it will not survive.

    • On September 14, 2017 at 4:19 pm,
      bonzo barzini says:

      This site must go on till gold reaches 10K per oz. I just bought some AUG today and will need the experts here to opine about it, Rye Patch, and Novo.

      • On September 15, 2017 at 6:09 am,
        Excelsior says:

        Bonzo Barzini – I continually appreciate your optimism and agree, the show must go on…

        Cheers!

    • On September 14, 2017 at 5:08 pm,
      Excelsior says:

      The site seems to be doing just fine and has a better list of sponsors than it’s had in some time, great guests every week, and fantastic weekend shows.

      Personally I think Cory is doing a damn good job communicating with others…..

      …… for lack of better words….. ๐Ÿ˜‰

      • On September 14, 2017 at 6:12 pm,
        Dick Tracy says:

        Ex, if he is going to run the show he needs to interact with the posters, I think you missed my point, which is on a technical level he does a great job but on a personal level ………………? Cory is not interested in politics and this is a political and investing site. It will not survive in this format unless what made it a success is carried on. DT

        • On September 14, 2017 at 6:14 pm,
          Dick Tracy says:

          Constructive criticism?

          • On September 14, 2017 at 6:23 pm,
            Bonzo Barzini says:

            We get enough politics on the weekend show.

          • On September 14, 2017 at 9:51 pm,
            Excelsior says:

            Agreed Bonzo Barzini. I doubt the show sponsors like Novo Resources, Auryn, Rye Patch, Falco, etc… care how much politics gets discussed. They are targeting the resource investors that come here.

            Big rants hating on Hilary Clinton, Trump, Israel, Muslim refugees, terrorists, or other polarizing topics do nothing to make investors money, have little to do with economics, and really they cause more arguments than anything.

          • On September 14, 2017 at 10:00 pm,
            Excelsior says:

            There are also TONS of websites that cater to Politics and all the endless throngs of people trolling each other pounding the table about how right their view of the world is. If people want that, there are plenty of other venues that cater to that.

            There are very few sites dedicated to the resource markets and economics that are worth anyone’s time, and in that regard the Korelin ECONOMICS Report is a bastion of truth and insights.

          • On September 15, 2017 at 4:31 am,
            OOTB Jerry says:

            EX, iT is all related………..politics makes the monetary system, which makes the PM system, which makes the investment system………JMO
            And I have to agree with DT,……..Senior Member of Bloggers, …….THE LONG…… ๐Ÿ™‚

          • On September 15, 2017 at 4:33 am,
            OOTB Jerry says:

            BTW………I think Cory is doing a fine job………Iron sharpening Iron, with one edge sharp, and the other side of the blade needs to come back and contribute…….. ๐Ÿ™‚

          • On September 15, 2017 at 6:05 am,
            Excelsior says:

            OOTB – Yes I agree with you (and mentioned above) that macro economics and politics are entangled, and mentioned above that it has always been intermixed, and politics DOES get covered every week on the KER. The show is doing just fine.

            The focus is clearly on resources, and that is the “Brand” that has made the KER so unique in the marketplace for years. Most of the weekly interviews and almost all of the webiste sponsors are resource and energy stocks, along with a few random companies from time to time. That is who comes on the show to share their drill results, mine expansion, news, and forecasts for the Precious Metals, Base Metals, Energy Stocks, Agricultural stocks, and how the Currencies or Bonds or Central Bank issues may affect those.

            There are other websites that are 100% geared towards politics if that is what people crave so badly. Those sites are out there for people to post their conspiratorial yearnings and endlessly debate controversial subjects that cause more disagreements and garbage on the site than valuable insights that shape the macro economic picture. Most of the arguments on this site are endlessly debating topics like Israel, Zionists, Trump vs Hillary, terrorism, immigration, etc…. and they tend to focus around the same group of posters. Nobody ever convinces the other to think differently, and it rarely has any tie in with economics, investing, or anything relevant to the overall theme.

            Agreed 100% – that Cory is doing a great job and that was my point above.

            This tread started because it was postulated that Cory isn’t communicating well with the guests and doesn’t like politics enough, which is rubbish. His interviews, the guest he brings on, and the content of the shows is continually improving, as is the listenership. Keep up the great work guys.

          • On September 15, 2017 at 6:16 am,
            OOTB Jerry says:

            I would never want the KER….to be all politics., for politics sucks, ….., but, how the politics, contributes to or detracts from….the investment side of PMs. I think DT, would like to have OWL back, so he can yank his chain……..I think we all miss OWL’s daily contribution…..JMO……..And thanks for your contribution……. THE LONG CLAW

          • On September 15, 2017 at 6:31 am,
            Excelsior says:

            Yes, agreed there and really enjoy the macro Political and macro Economic discussions about what Central Banks are doing, or what may happen with China or Europe or Russia, or the Swiss unpegging of currencies, or the Oil markets as it relates to the Middle East, etc….. Clearly geopolitics can be a mover in the PM markets, in the Currency markets, and the Bond markets – for sure.

            However, much of the fringe political and polarizing extreme opinion discussions that some want to discuss have NOTHING to do with any of that, and usually cause long threads of bickering was my only point. If people want to bang on about Israel/Palestine and Zionists all day long…. go for it but again, if you look at the overall majority of the interviews, articles posted, and website sponsors…… they have nothing to do with anything close to those topics.

            OOTB – I do agree with you about missing hearing from the “Big Owl” more often as well, but he carried the torch for a few decades and I respect his decision to turn most of the show duties over to Cory. It always has been fun to yank on his chain over the years ๐Ÿ™‚ ๐Ÿ˜‰ ๐Ÿ˜ฎ

        • On September 14, 2017 at 9:47 pm,
          Excelsior says:

          DT I understood your point just fine, but just disagree and feel Cory does well interacting with the various guests he interviews.

          Constructive criticism can be helpful indeed, but you said, “without a person who can communicate with others on this site, it will not survive.” (that seems a bit extreme)
          ________________________

          As for this comment:

          “Cory is not interested in politics and this is a political and investing site. It will not survive in this format unless what made it a success is carried on.” – DT

          >> Again, DT I feel that is a bit extreme. Cory has talked about politics from Brexit, Central Bank policy, to Currencies, to Russia, Trump Infrastructure, etc…. so I’m not sure what you mean?

          * There has always been some politics intermixed, but it is the Korelin ECONOMICS Report. The focus has always been on economics. The weekend shows have a few more political segments included due to the longer format.

          **** Key Question to consider:

          How many of the show sponsors on the right hand side of the page (which is how the website is funded) are political? —-> 0

          How many are and have been resources stocks? —–> Most of the sponsors

          The focus, the interviews, and the businesses the fund the site are resources stocks.

          Capiche?

          • On September 15, 2017 at 6:59 am,
            Dick Tracy says:

            Si, I understand your view point, whether my thoughts are a bit extreme that is your judgement, I didn’t feel that I had made disparaging remarks, I just said how I felt. You can’t always put your words in a blender in order to get a point across, I certainly didn’t mean to demean anyone I was simply stating how this show has evolved and how I see it changing from what has made it a success in the past. DT

          • On September 15, 2017 at 7:08 am,
            Excelsior says:

            Agreed. We all have opinions and points of view. You stated Cory was not doing a good job communicating with guests, and that the show wouldn’t survive if he didn’t talk about politics more. I shared my opinions and point of view as well.

            Cheers!

          • On September 15, 2017 at 7:10 am,
            Dick Tracy says:

            Ex, if you reread my post I did praise Cory. We live in a politically correct world that has taken us too far in one direction, however I believe things are changing and change is good as long as it is meant as constructive criticism and not to demean. DT

          • On September 15, 2017 at 7:25 am,
            Dick Tracy says:

            Ex, I did not mention the guests, Cory gets an A++ in that department, I merely mentioned posters and then others in another post but I was only referring to the posters. Communication I agree is the key. DT

          • On September 15, 2017 at 7:28 am,
            Excelsior says:

            I saw the praise, but the other comments just didn’t strike me as constructive and I simply disagreed with the premise we need to talk about politics MORE or it won’t survive. That is silly to me, when the main focus is very clearly resource stocks.

            >>>> Look at most of the show interviews (they are with JR MINING COMPANIES or COMMODITY & RESOURCE based pundits and experts).

            >>>>>> Look at the right hand side of this webpage at the show SPONSORS if you want to see the primary focus of what this site has always been about and is about…… Resource Investing.

            (with macro economics and politics peppered in as to its RELEVANCE to those topics) JMO – but it is based on the evidence shown every week based on the interviews on the KER archives – the vast majority are about Gold, Oil, the US Dollar, and mining companies.

            That is what needs to be covered for the show to go on….

          • On September 15, 2017 at 7:37 am,
            Dick Tracy says:

            Off topic, car scene with Cheech and Chong! https://www.youtube.com/watch?v=HuYeQi4wB_k Just thought you might enjoy this!

          • On September 15, 2017 at 7:40 am,
            Excelsior says:

            funny. A classic.

          • On September 15, 2017 at 7:44 am,
            OOTB Jerry says:

            Classic………..hey, man that is a toothpick……… good one for the day…… ๐Ÿ™‚

    • On September 14, 2017 at 11:22 pm,
      b says:

      The posts are dominated by the same people every day.

      • On September 15, 2017 at 4:36 am,
        OOTB Jerry says:

        What is your point………

        • On September 15, 2017 at 4:38 am,
          OOTB Jerry says:

          I would like to see some more contribution from others, on top of and including, the already hard working contributors…………………JMO

          • On September 15, 2017 at 4:42 am,
            OOTB Jerry says:

            should say……..in addition to the already hard working contributors…….

          • On September 15, 2017 at 5:50 am,
            Excelsior says:

            agreed OOTB. If they don’t post or contribute and share, and just lurk in the background, then that is on them.

            Life rewards the doers….. not the critics or people that refuse to get involved.

      • On September 15, 2017 at 5:49 am,
        Excelsior says:

        b anyone can post messages that want to so I’m not sure what your point is?

        Most readers just lurk and don’t say anything or contribute, but that’s on them.

        Some contributors just post once in a while but weekly. Some posters are random and just post every week or two. Some show up only once in a while to whine and moan or attack people Bill or Dark Purple Haze etc… but you have to expect that with any blog.

        Most of the several dozen regular contributors here post what they feel to value, interesting content, breaking news, thought provoking questions, charts, stats, editorials, and the occasional comic interludes and funny slice of life banter.

        Again, anyone can post if they want to, and the weekend shows have literally hundreds of posts (because they are more widely followed than the weekly editorials) and there are a range of contributors.

        Any blog is as good as the information shared, the value and information it brings to people’s attention, the questions that are asked, and the community of people that feel like investing their time and energy to share ideas with one another.

        Whining about things accomplishes nothing. Criticizing the show hosts or guests is typically bad form and counter-productive, unless the views are challenged in the spirit of dialogue and looking at other angles or sides of a discussion. However, that isn’t what many do…. they just bitch and offer little substance to others.

        Contribute something helpful and add value if you want different opinions or ideas covered. If people don’t post good info or get in the economic and resource discussions then that is on them, and they can’t complain about the content.

        • On September 15, 2017 at 6:08 am,
          OOTB Jerry says:

          I think that is well said………….. THE LONG…..of it.. ๐Ÿ™‚

          • On September 15, 2017 at 6:15 am,
            Excelsior says:

            Thanks OOTB. Right back atcha amigo. ๐Ÿ™‚

            Personally, I’ve always enjoyed your posts and the effort you put in to sharing ideas here, along with the many long term and new posters on the KER. We have a great community of deep thinkers and a few stinkers here. ๐Ÿ˜‰

            Looking forward to new posters and new contributors adding to the shared insights.

            Ever Upward!

          • On September 15, 2017 at 6:18 am,
            OOTB Jerry says:

            DITTO…….

  9. On September 14, 2017 at 4:43 pm,
    Excelsior says:

    Canada Zinc Metals Intersects 28.67 Metres of High-Grade Mineralisation Grading 10.38% Zn+Pb and 14.2g/t Ag in Drill Hole A-17-132 Including 10.16 Metres Grading 14.42 % Zn + Pb and 17.2 g/t Ag and 9.42 metres Grading 12.11% Zn+Pb and 16.0g/t Ag in Drill Hole A-17-133

    @fscwire on September 14, 2017

    https://ceo.ca/@fscwire/canada-zinc-metals-intersects-2867-metres-of-high-grade

  10. On September 14, 2017 at 5:38 pm,
    Ozibatla says:

    Bitcoin sliding big-time here. Lost 30% off its high. I think the big wigs have succeeded in the short term at tarnishing its reputation.

    • On September 14, 2017 at 6:08 pm,
      Matthew says:

      It is more likely that it ran out of enough willing buyers to overwhelm the sellers. Whether it has seen a final high or not, it had a classic bubble chart and had sucked in a lot of clueless money.

  11. On September 14, 2017 at 6:21 pm,
    Ozibatla says:

    Look I agree to a certain extent Matthew. However the rhetoric behind China halting some of its exchanges of the cryptocurrency was belted out repeatedly for all and sundry.

    Also Jamie Dimon openly slandered and refuted any credibility associated with bitcoin. He even suggested it was only beneficial for murderers, drug cartels, money launderers and other criminals. Totally unsubstanciated accusations, yet the masses apparently ate it up as the price immediately dropped 10% following these “honest” comments from a “reputable” figure.

    The irony out of all this was that he went on to mention his daughter was in the bitcoin market. Did he inadvertedly pigeon-hole her in the criminalistic dark web?

    • On September 14, 2017 at 6:37 pm,
      Matthew says:

      I wouldn’t say that those stories had no impact but, after such a rise, a big fall was inevitable.

      Btw, Jamie Dimon types have been slandering gold in the same exact way for a long time.

      • On September 14, 2017 at 8:44 pm,
        Ozibatla says:

        Absolutely. Hes a banker and therefore does not have a shred of honesty without a hidden agenda in my opinion. And yes I also agree that bitcoin was due for a fall. The runup it has had in the last 6months has been incredible to say the least.

        • On September 15, 2017 at 4:07 am,
          Wolfster says:

          And in that 6 month rally was it fundamentally or technically based???You agree it had to correct technically,whether he said something or not no???

    • On September 14, 2017 at 11:49 pm,
      GH says:

      Dimon slanders bitcoin, but has no credibility.

      Calling someone a ‘Dimon’ might someday be considered slander.

      • On September 15, 2017 at 5:29 am,
        OOTB Jerry says:

        ditto………Dimon is the center for evil in the system…..great example of Demon

        • On September 15, 2017 at 5:30 am,
          OOTB Jerry says:

          Bernie Madoff loved him……….

    • On September 15, 2017 at 4:55 am,
      OOTB Jerry says:
      • On September 15, 2017 at 4:57 am,
        OOTB Jerry says:

        Wonder how the SILK ROAD will work out, without an exchange……….

        • On September 15, 2017 at 5:01 am,
          OOTB Jerry says:

          I think the insiders (political hack chinese ministers)will come back and takeover the bitcoin or block chain exchanges as they develop the Silk Road…..jmo

      • On September 15, 2017 at 5:06 am,
        OOTB Jerry says:
        • On September 15, 2017 at 5:14 am,
          OOTB Jerry says:

          The wild card in the rivalry among currency arrangements is surely the new so-called cryptocurrencies. Bitcoin, the first and most well-known digital currency, has been in existence less than a decade and has exhibited extreme volatility, experiencing nadirs as low as $3 and peaks as high as $3,000. Such a currency cannot be endorsed as a standard by public officials of any country. At the same time, the potential of digital currencies cannot be ignored. Digital currencies and the idea of a non-centralized digital ledger that operates independent of any particular state have attracted the attention of many private investors. Distributed ledger technology is likely to soon be playing a major role in the future calculations of all the major players in the international financial community, including the private commercial banking sector and the public international financial institutions.

          • On September 15, 2017 at 5:21 am,
            OOTB Jerry says:

            the above is a quote from the article…….btw

  12. On September 14, 2017 at 7:21 pm,
    CFS says:

    Off Topic:
    PHOENIX (AP) โ€” Motel 6 says its employees in Phoenix will no longer work with U.S. Immigration and Customs Enforcement agents following news reports that its workers were reporting on guests they believed were in the United States illegally.

    In a tweet about reports first published in the Phoenix New Times, Motel 6 said Wednesday: “This was implemented at the local level without the knowledge of senior management. When we became aware of it last week, it was discontinued.”

    Employees at the Motel 6 at one of the locations โ€” near a stretch of other budget motels, discount stores and fast food chain restaurants โ€” refused to answer questions Thursday and referred all queries to corporate headquarters.

    Not that I stay at motel 6, but I don’t think they thought it through!….CFS

  13. On September 14, 2017 at 7:23 pm,
    CFS says:

    Figures On Government Spending And Debt
    Associated Press – Thu Sep 14, 6:19PM CDT
    WASHINGTON (AP) โ€” Figures on government spending and debt in millions of dollars. The government’s fiscal year runs Oct. 1 through Sept. 30.

    Total public debt subject to limit Sept. 13 $20,124,520
    Statutory debt limit –Suspended–
    Total public debt outstanding Sept. 13 $20,160,009
    Operating balance Sept. 13 $73,220
    Interest fiscal year 2017 thru July $249,302
    Interest same period pvs fiscal year $231,418
    Deficit fiscal year 2017 thru July -$566,022
    Deficit same period pvs fiscal year -$511,980
    Receipts fiscal year 2017 thru July $2,739,861
    Receipts same period pvs fiscal year $2,678,824
    Outlays fiscal year 2017 thru July $3,305,882
    Outlays same period pvs fiscal year $3,190,804
    Gold assets in July $11,041

  14. On September 14, 2017 at 7:29 pm,
    CFS says:

    GREAT PANTHER SILVER LIMITED (TSX: GPR; NYSE MKT: GPL) (“Great Panther”; the “Company”) reports no effects on its Coricancha Mine Complex (“CMC”) from an earthquake in the central region of Peru with a magnitude 4.6, as reported by the U.S. Geological Survey. The Company has conducted post-earthquake inspections at the mines, tailing facilities, and processing plant and reports no damage. In addition, all employees and consultants of the Company at CMC were reported to be safe. The CMC is currently on care and maintenance.

  15. On September 14, 2017 at 7:50 pm,
    Dick Tracy says:

    Bitcoin is a racket, America has had many rackets over the years, you name them they all extort money out of the unsuspecting and leave them cold and feckless. There have been laundry rackets, fish rackets, artichoke rackets, I don’t have the willingness to name them all, but a racket is a scheme that makes it hard to bring the perpetrators to justice after they have stolen your money. A racket is a racket is a racket learn to spot them early in life so you don’t lose your money. DT

      • On September 15, 2017 at 5:15 am,
        OOTB Jerry says:

        The wild card in the rivalry among currency arrangements is surely the new so-called cryptocurrencies. Bitcoin, the first and most well-known digital currency, has been in existence less than a decade and has exhibited extreme volatility, experiencing nadirs as low as $3 and peaks as high as $3,000. Such a currency cannot be endorsed as a standard by public officials of any country. At the same time, the potential of digital currencies cannot be ignored. Digital currencies and the idea of a non-centralized digital ledger that operates independent of any particular state have attracted the attention of many private investors. Distributed ledger technology is likely to soon be playing a major role in the future calculations of all the major players in the international financial community, including the private commercial banking sector and the public international financial institutions.

        • On September 15, 2017 at 5:24 am,
          OOTB Jerry says:

          the above is a quote from the diplomat.com……….

    • On September 15, 2017 at 5:18 am,
      OOTB Jerry says:

      Not sure you can ignore bitcoin…..or block chain technology…….the govt. would like to control it, ..tax it, and have complete charge over it, since, their corrupt system has ball and chained every human on earth……………jmo

  16. On September 14, 2017 at 9:09 pm,
    Bob UK says:

    I think Cory is not just doing fine – he is doing great. It is clear that he is putting a great deal of work into things and I consider myself lucky to hear and read all the things I do on this site.

    • On September 14, 2017 at 9:55 pm,
      Excelsior says:

      +1

  17. On September 15, 2017 at 5:27 am,
    OOTB Jerry says:
  18. On September 15, 2017 at 6:22 am,
    OOTB Jerry says:

    OOPS……..

  19. On September 15, 2017 at 6:26 am,
    OOTB Jerry says:
  20. On September 15, 2017 at 6:28 am,
    OOTB Jerry says:
  21. On September 15, 2017 at 6:32 am,
    OOTB Jerry says:
  22. On September 15, 2017 at 7:54 am,
    OOTB Jerry says: