Weekend Show – Sat 25 Nov, 2017


Click download link to listen on this device: Download Show

We hope everyone had a great Thanksgiving in the US and is recovering from all the turkey and family time. As the precious metals markets continue to bore we only spend one segment chatting with Brent Cook and recapping some of the stocks and news from this week. We also continue to discuss Bitcoin and the overall markets. We hope you all enjoy this week’s show.

Please keep in touch by emailing me at Fleck@kereport.com. I love hearing from all of you regarding companies of interest and topics you would like discussed.

  • Segment 1: We kick off the show with Chris Martenson from PeakProsperity.com to outline the full on insanity in the markets and what could be coming next.
  • Segment 2: Avi Gilburt, Founder of ElliotWaveTrader.net, updates us on the US equity markets, the US Dollar, and the precious metals markets.
  • Segment 3: Brent Cook shares his thoughts on a couple stocks including the news out of Garibaldi Resources.
  • Segment 4: We warp up the first hour with Valentin Schmid and comments on Bitcoin. We focus on the new futures contract for Bitcoin started by the Chicago Mercantile Exchange.
  • Segment 5: We open KER politics discussing the human quality of American soldiers with Joshua Phillips.
  • Segment 6: Big Al discusses the criminal element of illegal immigration with Charlotte Cuthbertson.
  • Segment 7 & 8: We discuss foreign policy errors with Dr Harlan Ullman author of Anatomy of Failure.

Exclusive Company Interview and Commentary

 


Segment 1

Click download link to listen on this device: Download Show

Segment 2

Click download link to listen on this device: Download Show

Segment 3

Click download link to listen on this device: Download Show

Segment 4

Click download link to listen on this device: Download Show

Segment 5

Click download link to listen on this device: Download Show

Segment 6

Click download link to listen on this device: Download Show

Segment 7

Click download link to listen on this device: Download Show

Segment 8

Click download link to listen on this device: Download Show


Featuring:
Chris MartensonAvi GilburtValentin SchmidCharlotte CuthbertsonHarlan UllmanCory Fleck
Al KorelinJoshua Philipp
View related posts on: , , ,

Comments:
  1. On November 25, 2017 at 3:47 am,
    CFS says:
    • On November 25, 2017 at 9:01 am,
      Big Al says:

      Always fun to dialog with everyone and learn from everyone.

  2. On November 25, 2017 at 4:25 am,
    Tad says:

    Thank you for the continued dedication boys & girls. Always appreciated.

  3. On November 25, 2017 at 4:28 am,
    OOTB Jerry says:
    • On November 25, 2017 at 4:29 am,
      OOTB Jerry says:

      Major Remittance Markets See Massive Success With Bitcoin

      Major remittance markets such as the Philippines have seen significant success in legalizing bitcoin as a payment method over the past year. In December, the Philippine central bank legalized bitcoin as a legal currency, enabling expat workers and local employees to use bitcoin to process remittance payments.

      • On November 25, 2017 at 4:30 am,
        OOTB Jerry says:

        However, for many months, the Indian government not offered any clarity apart from the fact that bitcoin and cryptocurrencies are not illegal in the country.

        • On November 25, 2017 at 8:56 am,
          Excelsior says:

          Bitcoin Is An Exponentially Expanding Global Financial And Economic Black Hole

          Nov.22.17 – Zoltan Ban

          “With a market cap of over $130 billion and an appreciation rate that is approaching ten-fold/year, bitcoin may be cause for concern for economists and financial markets within months.”

          “Even if we were to factor in a more conservative bitcoin appreciation rate of 10%/month, it would lead to a net inflow of about $130 billion/month by 2020.”

          “In less than half a decade, bitcoin’s market cap would be equal to the world’s current stock and bond markets values combined, if left unchecked. Trend will end before then.”

          https://seekingalpha.com/article/4127181-bitcoin-exponentially-expanding-global-financial-economic-black-hole

          • On November 25, 2017 at 10:57 am,
            Big Al says:

            Excelsior,

            That is what bothers me about the concept.

          • On November 25, 2017 at 11:35 am,
            Excelsior says:

            Agreed Big Al. That is just one of the concerns, along with further growth limitations, the potential of further hacks, and the potential of regulation to interfere in certain countries.

          • On November 25, 2017 at 11:58 am,
            Big Al says:

            In my case, Excelsior, I like to stick with investments that I am comfortable with and knowledgeable about.

          • On November 25, 2017 at 12:50 pm,
            Excelsior says:

            Agreed Big Al. That is the only way to go for any kind of investing (stocks, real estate, small business equity partnerships, etc…)

            For the record I don’t have any crypto exposure, but have considered getting involved with a few companies in the blockchain space, as the technology is making in-roads in the data security, secure transaction, and smart contracts marketplace.

          • On November 25, 2017 at 1:45 pm,
            CFS says:

            Just for the record the bitcoin blockchain itself is not hackable. It never has been hacked, and with current technology cannot be hacked.

            It is the crypto exchanges and individual storage systems that are hackable.

          • On November 25, 2017 at 2:23 pm,
            Excelsior says:
          • On November 25, 2017 at 2:33 pm,
            Excelsior says:

            CFS that is a good point that it is the exchanges that can get hit. Still though, it can affect confidence in the process. Did you see this piece where it recapped the top 30 crypto hacks?

            Here were a few exceprts that were bitcoin related. In the article blockchain applications like Steemit were also hacked BTW.

            _____________________________________________________________

            Another #Cryptocurrency Gets Hacked. Here are the 30 Biggest #Crypto Hacks So Far
            by Wolf Richter • Nov 21, 2017 #cryptocurrencies #Tether $Bitcoin

            “The biggest hack remains Mt. Gox, which at the time was handling 70% of the global bitcoin transactions. The exchange, located in Tokyo, revealed the hack in February 2014. Apparently 650,000 bitcoins ($473 million at the time) had disappeared over a period of several years. At today’s prices, the hack would have amounted to $5.2 billion.”

            “July 2017, Bithumb, the world’s fourth largest Bitcoin exchange and largest Ether exchange, was hacked, according to Hacker News. Claims “started to surface” that “billions of won” disappeared from compromised accounts at the Korean exchange. At the time, actual loss data remained unclear.”

            “October 2016, Bitcurex, a bitcoin trading platform in Poland, suddenly shut down. A few days later, it posted a notice on the otherwise dead site that an update had gone awry and asked customers to be patient. January 2017, the owner of the exchange “disappears,” as the exchange remained shut down and its 2,300 bitcoins ($2.6 million) are gone. ”

            “August 2016, Bitfinex, which doesn’t even disclose where it is located (it’s incorporated in the British Virgin Islands at a mailbox address and files some paperwork in Hong Kong), was hacked again, after its May 2015 hack. This time, 119,756 bitcoins were stolen ($72 million), at the time the second largest heist, after Mt. Gox.”

            https://wolfstreet.com/2017/11/21/tether-cryptocurrency-hacked-list-of-biggest-crypto-hacks-money-stolen/

          • On November 25, 2017 at 2:37 pm,
            Excelsior says:

            That’s the kind of crap that scare me about the whole process.

          • On November 25, 2017 at 2:49 pm,
            Excelsior says:

            And then there is this…..

            A+ Federal Credit Union is sending out letters that it “does not allow transactions involving Coinbase or any virtual currency.” It goes on to list it’s concerns in trying to protect its customers from cryptos….

            http://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1d1jk9f-GjGAUTKCwmazii332N4JvWWPjxUw7IE98qDe9bZEyew.png

          • On November 26, 2017 at 12:32 am,
            Excelsior says:

            Those concerns aside, it is interesting to note that Bitcoin is making an all time high this evening over $9,000.

            Bitcoin just keeps charging higher up the hockey stick chart, and has been in a true frenzy. Regardless of where people stand on Bitcoin or cryptos in general, there is no denying this move up will be one for the history books….

        • On November 25, 2017 at 10:19 am,
          Excelsior says:

          Cryptos Are Taking Over Markets But Not Gold

          Frank Holmes – Nov 24, 2017

          Gold prices continue to struggle as the year nearly comes to an end and some investors have been quick to blame cryptocurrencies like bitcoin. But, to Frank Holmes, bitcoin isn’t the problem. “I don’t believe bitcoin is stopping gold from rallying,” the U.S. Global Investors CEO told Kitco News at the Silver & Gold Summit in San Francisco. “One is a digital currency, the other is a monetary currency and jewelry,” he added.

          https://www.youtube.com/watch?v=WdvPXuJK1CY

          • On November 25, 2017 at 10:28 am,
            Excelsior says:

            Bitcoin: The ‘Gateway Drug’ To Gold

            Doug Casey – Nov 24, 2017

            Bitcoin and gold were the highlights of this year’s Silver & Gold Summit in San Francisco, and to best-selling author Doug Casey, cryptocurrencies is the asset class to watch. “I’m very, very pro cryptocurrencies,” he told Kitco News on the sidelines of the event. But the longtime investor is not giving up on gold. Instead, he thinks cryptocurrencies like Bitcoin will help spur demand for the yellow metal. “[Bitcoin] is a fiat currency, it’s just a private currency,” he said. “It’s the gateway drug to gold.”

            https://www.youtube.com/watch?v=Zbq5hB6nVQ8

          • On November 25, 2017 at 10:59 am,
            Big Al says:

            Frank does make a good point, Excelsior!

            Since my reason for buying and holding has always been “ultimate security”, I believe that I am still in good shape for all of the reasons that I held before.

          • On November 25, 2017 at 11:02 am,
            b says:

            Bitcoin will help spur demand for the yellow metal. “[Bitcoin] is a fiat currency, it’s just a private currency,” he said. “It’s the gateway drug to gold.” Doug Casey

            Is that the last hope of a goldbug?

          • On November 25, 2017 at 11:42 am,
            Excelsior says:

            Hey Big Al. Yes both Frank and Doug are given a rough time by most. due to their past promotion campaigns, and pema-bull bias, but they are still both sharp guys and occasionally do make good points in interviews.

            B – as for is Bitcoin being the “gateway drug to Gold” – I personally place little importance on turns of a phrase like that, and seems like a mild push of his new book Drug Lord. Sure there may be a few new investors that use cryptos as a bridge into storing some resources into hard assets, but it would be a negligible amount.

          • On November 25, 2017 at 11:57 am,
            Big Al says:

            I know what their pasts are, but I am not sure what you are talking about. Please elaborate Excelsior.

          • On November 25, 2017 at 12:08 pm,
            Big Al says:

            Doug Casey is the absolute best stock promoter whom I have every met. I realized exactly how his organization worked when I was involved intimately with Clifton Star Resources and went on a property visit with Louis James. The organization bought 1/2 million shares of stock; told subscribers that they had done that; and, sold the shares when the profit was $1/share and told their subscribers when they had done that. ABSOLUTELY SIMPLE IN ITS GENIUS!

            The only stock promoters who I know now who are as clever are Mr. Coffin and Mr. Gibson.

          • On November 25, 2017 at 12:41 pm,
            Excelsior says:

            Yep, they are good promoters for sure.

          • On November 26, 2017 at 7:48 am,
            Dick Tracy says:

            Casey might be a good promoter but remember this Doug Casey is all about himself, and if you are an investor you must not get caught into the whirlpool that sits above a garden hose and will be heard swishing over Niagara Falls. DT

          • On November 26, 2017 at 12:31 pm,
            Excelsior says:

            Big Al – Since you mentioned Eric Coffin up above, I thought it important to add that I have far more respect for him as a promoter and commentator on the markets than most of the newsletter ilk. He’s about a straight a shooter as there is, admits to mistakes, has a practical approach, and dissents when he feels so inclined. I give more weight to what he says about a miner than Casey or RR.

            In my mind Mr. Coffin is one of the few stand up guys out there, in a sea of paid for mouthpieces and impartial newsletter writers.

            Here was Eric just recently defending the integrity of Quinton Hennigh.

            _________________________________________________________________________

            @HRA-Coffin – “I wouldn’t argue that the Novo phenomena has gotten more than a bit crazy Dan, but please be careful ascribing motives to people that I know a lot better than you. You’re right that Brent and Quinton are friends. That actually held Brent back from talking about $NVO earlier. Anyone who knows Brent’s MO knows that he sells when he sees what he considers too many red flags, or simply thinks the pricing has gone too far. I have no idea when or if he makes that judgement about NVO but he was uncomfortable talking about a friend’s company since its all but inevitable he’ll put a sell on it at some point. He has too much respect for Q to want people reading anything but a valuation argument into an eventual sell recommendation, if there is one.”

            “I Know Quinton pretty well too. I can totally see them standing on an outcrop in Pilbara and Q saying (and meaning) “Don’t let our friendship cloud your own judgement either way. If you don’t want to talk about it, it’s fine. If you talk about it then put a sell on it later that’s fine too. It’s not going to affect our friendship”. It’s not like Q doesn’t know how Brent works Dan. They DID work together for a while.”

            https://ceo.ca/~roughingit?62babe5cf125

          • On November 27, 2017 at 12:24 pm,
            Robert Moriarty says:

            Excelsior:

            Just as an aside, I was on the tour in August with Quinton and Brent Cook to Karratha and for a guy who wasn’t there, AKA Coffin, he tells it virtually as it happened. We met in Perth and talked and looked at more gold and conglomerate and then flew up to Karratha. Brent made it clear that he had to be very conservative. I was really looking forward to Brent’s point of view and I agee with everything he has said about the project and Novo. He’s gets it a whole lot better than some other newletter writers who are running around acting as if they are the experts.

            Brent is the gold standard in the industry and I wish I knew 1/10th of what he knows.

        • On November 26, 2017 at 6:22 am,
          OOTB Jerry says:

          HERE IT IS……….BIX.and Sinclair DEBATE………..BITCOIN VS GOLD>>>>>>>
          https://www.youtube.com/watch?v=z0Dval_I0_w&feature=youtu.be

          • On November 26, 2017 at 11:34 pm,
            Excelsior says:

            OOTB – Thanks for this post. It was a good spirited discussion on fiat, gold/silver, cryptos, and derivatives trading.

          • On November 27, 2017 at 1:43 am,
            Excelsior says:

            The Revenge of the Nerds

            by @Goldfinger on November 26, 2017

            https://ceo.ca/@goldfinger/the-revenge-of-the-nerds

        • On November 27, 2017 at 5:33 am,
          GH says:

          I always enjoy Doug Casey’s way with words.

          But I’m not impressed by the way he built his organization in the last resource bull phase, only to have it come to nothing as the bear mauled everything in sight, and turned it over to Porter Stansberry.

          Just a money making operation, nothing more, I suppose.

          • On November 27, 2017 at 5:38 am,
            GH says:

            I remember they were selling a lifetime subscription to all their newsletters for some exorbitant price. $8000? I guess that was a bell ringing at the top. Maybe those who sprung for it are getting Stanberry’s views now. So definitely caveat emptor where Casey is concerned.

          • On November 27, 2017 at 6:44 am,
            OOTB Jerry says:

            stanberry……stinks…..I hate the bait and switch……

      • On November 25, 2017 at 10:55 am,
        Big Al says:

        Girls? We should include Charlotte Cuthbertson!

      • On November 25, 2017 at 10:56 am,
        Big Al says:

        Thanks Jerry, I did not know that. Did you have a good Thanksgiving?

        • On November 25, 2017 at 11:01 am,
          OOTB Jerry says:

          Hello Owl………thanks for asking , and I had a great TG……I hope you did as well….

          • On November 25, 2017 at 12:48 pm,
            OOTB Jerry says:

            BTW………..BIG day coming next week on the 1st. of DECEMBER……..two birthday boys, and another day older…………You will be 74,,,and I will be 69……man where has the time gone………… 🙂

          • On November 25, 2017 at 2:36 pm,
            Big Al says:

            Jerry,

            Are you going to be 74?

            Best from The Kid

          • On November 25, 2017 at 2:56 pm,
            OOTB Jerry says:

            Jack Benny…..39…….. 🙂

    • On November 25, 2017 at 5:12 am,
      OOTB Jerry says:

      Seg.4……..Net negative for the CMEfraudsters to be involved with bitcoin, or any cryptos.
      The entire idea, of cryptos, is LESS GOVT, and corrupt CENTRAL BANK

      • On November 25, 2017 at 11:02 am,
        Big Al says:

        And, of course, Jerry that is a good thing.

        I would like to know sometime what you think of Harlan Ullman. After all that I have read and after all of the conversations I have had with him, I know that he has pretty much the same philosophy that all of here do!

        • On November 25, 2017 at 12:19 pm,
          OOTB Jerry says:

          Well, you are a good judge of character……so, if he has the same philosophy , He is a brilliant man……..

          • On November 25, 2017 at 2:51 pm,
            Excelsior says:

            Will Bitcoin Mining Consume All The World’s Current Electricity Production By Feb 2020?

            Nov 24, 2017

            http://www.zerohedge.com/news/2017-11-24/will-bitcoin-mining-consume-all-worlds-current-electricity-production-feb-2020

          • On November 26, 2017 at 4:45 am,
            jhpace1 says:

            I disagree with some of Mr. Ullman’s statements. I do not believe Truman could have talked peace with the Communist Chinese. The same for Vietnam. There also appear to be “strange priorities” to situations with our US military in the past, like Grenada and Kosovo.

            Once again, “War is a Racket” by a former Marine General.

      • On November 25, 2017 at 2:53 pm,
        Excelsior says:

        Ha I saw you had already posted this.

        This seems like an even stronger endorsement to get Nuclear power going to provide all the 24/7 base-load energy needed for the Bitcoin Mining. 🙂

        • On November 25, 2017 at 2:58 pm,
          OOTB Jerry says:

          🙂

    • On November 25, 2017 at 5:19 am,
      OOTB Jerry says:
    • On November 26, 2017 at 12:36 pm,
      dragonite says:

      The most prominent use case for Cryptos are money laundering and illegal transfer of money. This might be why bitcoin is elevated. I feel responsible governments should control it.

      • On November 26, 2017 at 2:26 pm,
        OOTB Jerry says:

        “responsible govt”…ended in 1913…….

  4. On November 25, 2017 at 4:30 am,
    CFS says:

    Re: Segments 7 &8.
    I would argue that Bush1 was not prepared as President.
    If I remember correctly, April Gilaspi, of Bufh’s State Department or UN ambassador met with Saddam Hussein, when he was getting troops ready to invade Kuwait and she told Hussein that the US had no arrangements with Kuwait for its defense, thus giving the green light to Hussein. Bush has time to correct that mistake prior to Hussein’s invasion, but did not. So don’t tell me he was a competent President.

    • On November 25, 2017 at 4:41 am,
      CFS says:

      Again Re: Kuwait. Arguably more controversial was Bush’s premature end to Gulf War 1.
      With a convoy of Saddam Republican Guard as sitting ducks for Warthogs, Bush chose neither to kill or capture them.
      Either action would have eliminated Hussein from returning to power, and thus the guaranteed necessity for Iaq War II. Hindsight, of course is 20-20.
      Perhaps the real problem, which is an American failing, is to think long term in planning.
      If the US is planning to change the balance of power in a region, by virtue of its military might, why does it never seem to have a plan for the long-term re=establishment of stability?

      • On November 25, 2017 at 6:59 am,
        Markedtofuture says:

        Afghan War Intensifies: US Stealth Fighters Target Narcotics Production Facilities

        16-years after the Bush administration began military operations in Afghanistan, President Trump has just launched a military campaign of his own using high-tech stealth fighters to bomb drug labs in the country.

        The Pentagon’s playbook of nation building in the Middle East has stretched, now, to three Presidents making it the longest war in U.S. history. Ever since the U.S. started occupying the country in the early 2000s, opium production soared. Afghan President Ashraf Ghani said without drugs, the war in Afghanistan “would have been long over.”

        In 2017, Afghanistan’s opium crop and production both hit a record high, despite the increased efforts by government to stop the drug trade. For the Taliban and other criminal elements in the region, opium is an important revenue source to fund operations.

        On Monday, the Defense Department said it unleashed F-22 Raptor stealth fighters to bomb narcotic production facilities in southern Afghanistan targeting the revenue streams of the Taliban. The air operation started on Sunday and continued through Monday. The F-22s were accompanied by B-52 bombers and Afghan A-29 Super Tucanos for additional support to expand the strike mission.

        According to the Washington Post,

        http://www.zerohedge.com/news/2017-11-24/afghan-war-intensifies-us-stealth-fighters-target-narcotics-production-facilities

        • On November 25, 2017 at 11:11 am,
          Big Al says:

          So Markedtofuture, am I correct in assuming that you are against finishing the conflict and just removing troops?

          • On November 25, 2017 at 3:36 pm,
            Markedtofuture says:

            Big Al, a little too late for that. It looks like Trump plans on doing a lot more than “Just Say No To Drugs”. The U.S. military finally got authorization to take it to the brainwashed crusaders stuck in past centuries. It wouldn’t surprise me to see military tribunals after the majority of corrupt politicians and bankers are rounded up.

      • On November 25, 2017 at 11:08 am,
        Big Al says:

        I guarantee you Professor that if Bush had continued the military action the Bob Moriarty’s of the world and many members of our family would “take him to the woodshed ” for that!

        • On November 25, 2017 at 11:59 am,
          CFS says:

          Clearly in retrospect, I would suggest that because of a failure to limit Saddam’s power, it became necessary to have gulf war II.
          Continuing military action was just one option.
          I would suggest that without the power structure of the Republican guard, Saddam’s capabilities would have been better constrained with regard to further actions.
          There were other options other than killing the Republican guard……killing is just the quickest cheapest option.

          • On November 25, 2017 at 12:01 pm,
            Big Al says:

            Being clearly open minded, Professor, I realize that there are always numerous options and that all have certain faults!

          • On November 26, 2017 at 4:47 am,
            jhpace1 says:

            What is not admitted is the Sunni-Shiite civil war (really, a war of perceived succession to a totalitarian state masquerading as a theological kingdom) and the petro-dollar US-Saudi alliance.

    • On November 25, 2017 at 5:24 am,
      OOTB Jerry says:
    • On November 25, 2017 at 7:07 am,
      bonzo barzini says:

      Bush was a traitor to the Reagan revolution. He promised he would not raise taxes at the 1988 convention(“Read my lips; no new taxes.” He lied through his teeth and raised taxes. When reporters asked him about this in front of the White House he turned his back to them and wiggled his behind. And of course he and LBJ were traitors to our nation when they had JFK assassinated.

      • On November 25, 2017 at 11:13 am,
        Big Al says:

        Bonzo,

        Please research the reason for the tax hike. You will find that it was a necessity. I also would like to know your rationale for saying that HW was involved in the Kennedy assassination.

        I am very serious and would really like to know your rationale on this one.

        • On November 25, 2017 at 12:09 pm,
          CFS says:

          At the time, a movement towards a balancing of the budget required either a cut in expenditures or a tax hike.
          Spineless politicians always favor tax hikes over spending cuts.

          However, taxation in the US is simply too high.

          Taxation at this level totally limits growth rate and produces a spiral down.
          Socialism has been proven so many times not work, it is ridiculous that the poorly-educated general public are duped time and time again by politicians offering something for “nothing” and then raising taxes, supposedly to pay for the promises, but in fact further crippling the economy and digging a deeper hole.

        • On November 25, 2017 at 1:00 pm,
          bonzo barzini says:

          Al, There was no reason for a tax hike when they should have slashed government spending. As for Bush’s role in the Kennedy assassination you can read about it in chapter 8b at
          tarpley.net/online-books/george-bush-the-unauthorized-biography/
          This book was written by Anton Chaitkin and webster Tarpley
          Bush joined the CIA in 1960 and was on the CIA team with E.Howard Hunt in Dealey Plaza on 11-22-63 There is a photo of Bush standing in front of the TX state school book depository bldg. at the time the shots were fired. When asked about this, Bush said he doesn’t recall where he was when JFK was shot. He’s the only person in the country over 58 who can’t recall where they were that day. Jerome Corsey mentioned Bush’s presence in Dealey Plaza on the Coast to Coast radio show 3 nights ago on the annual JFK assassination show. Trump got it wrong in the debates when he accused Ted Cruz’s dad as being part of the plot to kill JFK. It was Jeb’s dad, not Ted’s.

          • On November 25, 2017 at 2:31 pm,
            Big Al says:

            I posted the reason for my thoughts.

            Regarding the Kennedy assassination and HW being involved, I am simply not that much of a conspiracy theorist. There are a lot of questions about that event and I do realize that. I am tired of people bashing American politicians based on theories just as I am pissed of at folks bashing our Armed Service members.

            I will not censor anyone, but that does not mean that I have to respect all of their thoughts.

        • On November 25, 2017 at 5:18 pm,
          Excelsior says:

          George H.W. Bush – No New Taxes

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

    • On November 25, 2017 at 11:06 am,
      Big Al says:

      One thing about all of us on this site is that, with all of our input, we are as well informed as anyone in the world. CFS you are an important part of why that is true. As far as April is concerned, that was one of the many oversights that have occurred in world history.

      As far as Harlan’s comments are concerned, he is more accurate and outspoken that almost anyone else I have talked with. His comments about all of the presidents since Kennedy are, in my opinion, spot on! That is assuming that an observer is willing to long at the very big picture.

      • On November 25, 2017 at 11:15 am,
        Big Al says:

        Sorry for the typo, I obviously meant “look” and not “long”!

      • On November 27, 2017 at 7:51 am,
        GH says:

        I read about April Glaspie many years ago, in Chomsky’s Deterring Democracy, I believe.

        But not too long ago Patrick Cockburn wrote this:

        https://www.counterpunch.org/2011/01/05/did-the-us-really-give-saddam-fake-ok-to-invade-kuwait/

        I haven’t followed up on this but it offers a different understanding than I had.

  5. On November 25, 2017 at 5:23 am,
    spacenormal says:

    cliff high jan 2017 austrailian report
    If you don’t want to watch it all, the good stuff is after 3 minutes. Austrailia and Antartica, are mentioned. The Pilbara is a part of clifs bot search last december and also Antartica
    Antartica is going to be a big deal.

  6. On November 25, 2017 at 5:29 am,
    OOTB Jerry says:
  7. On November 25, 2017 at 6:52 am,
    Markedtofuture says:
  8. On November 25, 2017 at 8:33 am,
    CFS says:
  9. On November 25, 2017 at 9:02 am,
    Excelsior says:

    Ep. 569: Jordan Trimble: Uranium is finally taking off…
    For uranium investors, the long wait for a rebound may finally be over…

    Curzio Research #AudioInterview

    https://www.frankcurzio.com/jordan-trimble-uranium/

    • On November 25, 2017 at 9:07 am,
      Excelsior says:

      Skip in to audio to the 27 Minutes mark to hear the part about Uranium Miners, and hear Jordan’s thoughts around the 30 minute mark.

      • On November 25, 2017 at 9:12 am,
        Excelsior says:

        Re-posting a few thoughts mulling over Uranium earlier this week:

        Personally, I believe over the last year we just saw a massive double bottom in the Uranium space, and we’ll see the spot prices gradually claw their way higher over the next year or so followed by a sudden spike up in prices about 2 years out.

        We saw $18 spot price in Uranium last year at this time with the first Kazakhstan cuts, + the Trump tweets about Uranium, + a few Japanese restarts formed an initial bottom. This was followed by the $18 bottom just a few months ago where now we have the Cameco cuts, Abe won the Japanese election = continued restarts, and we had the Uranium One story breaking in politics keeping Nuclear energy on top of a larger field of people’s to of mind awareness.

        * A double-bottom is solid base building technical pattern and it appears to be in for Uranium. The slow grind up is starting, but we won’t see the momentum really get interesting until spot prices are in $40-$60.

        Upon further reflection, It is interesting that last year at this time we saw a triple-whammy, and over the last few months we’ve seen a very similar triple-whammy:

        1) Supply cut (Kazakhstan 2016 / Cameco 2017)

        2) Demand side increase (first Japanese restarts 2016 / Abe wins 2017 + China 6 new reactors)

        3) Uranium in News hits the mainstream: (Trump tweets on nuclear 2016 / Uranium One story 2017)

        Sure there may be the initial surge up into the first quarter run, followed by a sell off, but I don’t expect to see the $18 level tested or broken lower on a move-forward basis.

        The real trigger for the Uranium sector will still be when the demand increases to the point where the utility companies want to renegotiate their contracts with U miners and they do long-term off-take supply contracts in the $40s-$60s.

        Just my 2 cents…

      • On November 25, 2017 at 9:22 am,
        Excelsior says:

        Mickey Fulp–Is It Finally Time For Uranium #3774 #AudioInterview

        FSN (Financial Survivor Network) – Nov 21, 2017

        “Mickey Fulp was at the Gold Silver Summit in SF. We talked with him about the uranium’s prospects. For years, we’ve followed its travails in our monthly market reviews. Just when you think it can’t go any lower, it never fails to disappoint. But now, Cameco has closed its major mine and plant, temporarily, driving the price of uranium to $26, a price that is still unprofitable. But as they say, “The best cure for low prices, is low prices.”Let’s see if this holds true yet again.”

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

        • On November 25, 2017 at 9:39 am,
          Excelsior says:

          Mickey Fulp talks seasonal trading patterns for gold, TSX venture stocks
          SmallCapPower | about 21 hours ago

          “In this interview with SmallCapPower at the New Orleans 2017 Investment Conference, Mercenary Geologist Mickey Fulp discusses what he believes are the best times of the year to buy and sell gold as well as TSX Venture stocks. He also offers up two resource stock picks, including a zinc explorer in which he “expects good results.”

          http://www.mining.com/web/mickey-fulp-talks-seasonal-trading-patterns-gold-tsx-venture-stocks/

  10. On November 25, 2017 at 9:38 am,
    Excelsior says:

    The GDXJ Breakout: Is It Real?
    Morris Hubbartt – posted Nov 24, 2017
    Super Force Precious Metals #Video #TechnicalAnalysis

    (Double click on the blue links for the video segments & TA)

    http://www.321gold.com/editorials/sfs/hubbartt112417.html

  11. On November 25, 2017 at 11:17 am,
    Silverdollar says:

    Al:
    Thanks for allowing us to listen again to Ullman.
    I happen to agree with his positive comments on Bush I. He knew war and had been an aviator who was shot down and later rescued. World politics had touched him because of family contacts. He had several positions in the US Gov’t, including Dir. of CIA. He was probably as prepared for President as any ever has
    been. His restraint shown in the Gulf War was brilliant (contrary to what CFS and all other non-participants think). Unfortunately his son came along later and we’re still paying for his errors. However, the old boy ought to be told to quit playing grab-ass during his photo ops.

    • On November 25, 2017 at 11:59 am,
      Big Al says:

      As do I Silverdollar. Consider reading his book. I found it to be one of the best political books written recently.

    • On November 25, 2017 at 12:12 pm,
      Big Al says:

      Grab ass, Silverdollar? Harlan did say that B jr. did realize his mistakes but by that time it was too late!

  12. On November 25, 2017 at 11:28 am,
    Excelsior says:

    Just a quick question to anybody that has any thoughts on what the valuation of Primero (P) (PPPMF) will be when they sell their San Dimas Mine over the next month and pay down most of their debt. They just got done selling another asset to Argonaut Gold (which I own) and their Black Fox mine to McEwen Mining (which I also own). Some company will be picking up San Dimas before year end.

    After all this asset divestment, that leaves Primero with just their Development Project (Cerro del Gallo), and their 2 exploration projects (Ventanas and Lechuguilla properties) and (San Anton).

    At this point the marketplace hasn’t been attributing any value to these projects, which is not uncommon when analysts value Producers. Most investors are myopic on only the production results, and often miss the value in the exploration potential & development projects that companies hold.

    Once San Dimas is sold and all that is left are these projects, with a mostly cleaned up balance sheet, then I wonder how (P) (PPPMF) will be valued?

    _____________________________________________________________________

    Development of the Cerro del Gallo project is subject to permitting and a final construction decision based on the project achieving a 15% IRR at $1,100/oz gold.

    http://www.primeromining.com/English/operations/development-projects/cerro-del-gallo/default.aspx

    • On November 25, 2017 at 11:36 am,
      Silverdollar says:

      Ex: Thanks for all that knowledge on PPP and the update itself. Good question and I have no idea for the answer.

      • On November 25, 2017 at 11:58 am,
        Excelsior says:

        Ventanas & Lechuguilla (Exploration project that Primero holds)

        http://www.primeromining.com/English/operations/exploration/ventanas/default.aspx

        • On November 25, 2017 at 12:03 pm,
          Excelsior says:
          • On November 25, 2017 at 12:17 pm,
            Excelsior says:

            Primero Announces Sale of Cerro Del Gallo Project
            11/14/2017

            “Primero Mining Corp. (TSX: P) today announced that the Company has entered into an agreement (the “Agreement”) with Argonaut Gold Inc. (TSX: AR) to sell its Cerro del Gallo development project located in the state of Guanajuato in central Mexico.”

            “Under the terms of the Agreement, Argonaut will acquire all of the issued and outstanding shares of San Anton Resource Corporation, the indirect owner of the Project, from Primero. In exchange, Primero will receive consideration of $15 million in cash.”

            “Primero expects to use the proceeds from the Transaction to reduce the Company’s total outstanding debt position.”

            http://www.primeromining.com/English/investors/news/press-release-details/2017/Primero-Announces-Sale-of-Cerro-Del-Gallo-Project/default.aspx

          • On November 25, 2017 at 12:21 pm,
            Excelsior says:

            CORRECTION: They don’t even have Cerro del Gallo now as Argonaut now has it. That is embarrassing as I hold Argonaut Gold and didn’t remember that was what they acquired.

            So now they only have the 2 Exploration projects left. I’m less enthusiastic about that, but thrilled for Argonaut. In addition, I still believe (MUX) McEwen won “bigly” on picking up the Black Fox Mine & mill. Sad to see Primero implode like this though.

          • On November 25, 2017 at 12:39 pm,
            Excelsior says:
          • On November 25, 2017 at 12:58 pm,
            Excelsior says:

            They have a reasonable cash position, and with the sale of both Black Fox & Cerro del Gallo as well as $10 million in tax payments from Mexico, then I’m waiting to see how much they get for San Dimas, and will they:
            A) have enough to prepay the revolving credit facility, and/or
            B) have a surplus left over after the sale to wipe out all debt and move forward looking for a new acquisition to make.

          • On November 25, 2017 at 12:58 pm,
            Excelsior says:

            tax credits (not payments).

    • On November 25, 2017 at 11:56 am,
      Wolfster says:

      Unfortunately I think no matter what it will trade at a discount to its real value for at least 6 months….before it’s let out of the proverbial penalty box for past missteps

      • On November 25, 2017 at 12:00 pm,
        Excelsior says:

        I agree with that, but it is almost like after selling off all their production assets they’ll be rebranded as a smaller Development stage company with 2 other Exploration projects. What a makeover for Primero after getting hit with the ugly stick. Putting lipstick on the pig 🙂

        • On November 25, 2017 at 12:05 pm,
          Excelsior says:

          (P) (PPPMF) Primero Extends Revolving Credit Facility to Facilitate Negotiations
          11/22/2017

          “The maturity of the RCF will be extended to December 1, 2017, providing the Company with the ability to continue negotiations surrounding its previously announced strategic review process and the possible divestiture of its San Dimas mine in Mexico. There can be no certainty that these discussions will result in a resolution acceptable to all stakeholders.”

          http://www.primeromining.com/English/investors/news/press-release-details/2017/Primero-Extends-Revolving-Credit-Facility-to-Facilitate-Negotiations/default.aspx

          • On November 25, 2017 at 12:14 pm,
            Excelsior says:

            It will be traumatic to sell their final producing flagship asset. However, by clearing out most of the overhanging debt, at least they’ll still be a 3 project Developer/Explorer, but will just be at a pre-production stage company. They’ll be a smaller marketcap company, but I’m trying to determine how much value those projects will have.

            Most investors bailed on this story long ago, but there may be some caught off guard by the sale of San Dimas, and so it may still do one last crash and burn. That may well be time to acquire some shares – in the ensuing carnage.

          • On November 25, 2017 at 12:22 pm,
            Excelsior says:

            *CORRECTION: They don’t even have Cerro del Gallo now as Argonaut now has it. That is embarrassing as I hold Argonaut Gold and didn’t remember that was what they acquired.

            So now they only have the 2 Exploration projects left. I’m less enthusiastic about that, but thrilled for Argonaut.

            In addition, I still believe (MUX) McEwen won “bigly” on picking up the Black Fox Mine & mill earlier this year. Sad to see Primero implode like this though.

          • On November 25, 2017 at 12:26 pm,
            Excelsior says:

            So the key question is which company is it going to be that buys San Dimas?

            It has been producing Gold & Silver for hundreds of years now.

  13. On November 25, 2017 at 1:05 pm,
    Excelsior says:

    The Electric Vehicle Market and Copper Demand

    Research Conducted by: IDTechEx – Presented: June 2017

    http://copperalliance.org/wordpress/wp-content/uploads/2017/06/2017.06-E-Mobility-Factsheet-1.pdf

    • On November 25, 2017 at 1:10 pm,
      Excelsior says:

      Chinese EV market nearing 2% penetration
      The country represents nearly half of the global market for electrical vehicles – 43% in 2016
      Andrew Topf | Oct. 1, 2017

      http://www.mining.com/chinese-ev-market-nearing-2-penetration/

      • On November 25, 2017 at 1:34 pm,
        Excelsior says:

        Nickel rally stalls, electric car boost some years away
        Reuters | a day ago

        http://www.mining.com/web/nickel-rally-stalls-electric-car-boost-years-away/

        • On November 25, 2017 at 1:37 pm,
          Excelsior says:

          Chile’s Escondida workers on strike to protest layoffs

          Cecilia Jamasmie | 2 days ago

          “Unionized workers at Chile’s Escondida copper mine, the world’s largest, began Thursday a 24-hour strike to protest recent layoffs affecting about 3% of the operation’s workforce.”

          “Majority owner and operator BHP (ASX, NYSE:BHP) (LON:BLT), had said Wednesday the downsizing was part of ongoing adjustments to the mine’s workflow. But Escondida’s 2,500-member main union said in a statement (in Spanish) it was an act of “retaliation” for the 43-day strike that took place early this year, which translated into roughly $1 billion in lost revenue for BHP.”

          http://www.mining.com/chiles-escondida-workers-strike-protest-layoffs/

  14. On November 25, 2017 at 1:06 pm,
    bonzo barzini says:

    Big Al, I just answered your question about GHW Bush up where you posed it on this page. Enjoy the read.

    • On November 25, 2017 at 2:10 pm,
      Big Al says:

      Thanks Bonzo,

      I will look for it and, of course,opine. Best to you!

  15. On November 25, 2017 at 1:42 pm,
    Skeeta says:

    Thanks for the show as always fella’s.
    Much appreciated.
    Cheers.

    • On November 25, 2017 at 2:39 pm,
      Excelsior says:

      Hi Skeeta. I replied back to you on the other blog about SGQ but it was a day later, so don’t know if you saw it. I just wanted to say thanks for your insights.

      Cheers and weekend beers!

      • On November 25, 2017 at 5:13 pm,
        Skeeta says:

        Yep saw it mate,
        Looking forward to further NR’s from SGQ’s round the clock 24/7 drilling programe soon.
        Been a nice little pop for me in them in the last few weeks (259+% from my average in).
        Am still sitting on all those options they gave to loyal shareholders awhile back too.
        Enjoy your weekend too Excelsior.
        Cheers.

        • On November 26, 2017 at 9:41 pm,
          Skeeta says:

          Share price up another 30+% today
          🙂

          • On November 26, 2017 at 9:52 pm,
            Excelsior says:

            Wow – it’s on a tear…. I was looking at it 2 weeks ago due to a tip from another investor, and didn’t jump on it. Their recent drill results were impressive though. Nickel/Copper/Cobalt is all the rage right now.

        • On November 27, 2017 at 2:23 am,
          Skeeta says:

          Yeah,
          But lets be honest.
          Today wasn’t all unicorns, rainbows & magical fairy dust sprinkled all over my portfolio.
          My Pilbara plays all copped a Jackie Chan kick to the groin today.

          • On November 27, 2017 at 7:53 pm,
            Excelsior says:

            haha! “Jackie Chan Kick to the groin” – That is how it feels some days. 🙂

  16. On November 25, 2017 at 5:23 pm,
    Skeeta says:

    You know what I hate about Real Estate?
    Well theres more than one thing, but todays whinge from me is…..
    When a tenant gives notice they are vacating the property on Christmas Eve.
    Worst possible time of the year to rent it out again quickly.
    Bet this one sits vacant for at least a few weeks minimum.
    Anyhoo, I’ll go drown my first world problems with another beer.
    Cheers.

  17. On November 25, 2017 at 5:44 pm,
    john T. says:

    Al,

    This Dr Harlan Ullman guy is probably the most sensible and reasonable political and military thinker you have had on your show in my view. Much better than some of the right wing muddle heads that you sometimes have on such as the male guest just before Dr. Ulman.

    I am 73 years old today and lived through Vietnam as you did and it’s such a shame that we keep making the same mistakes over and over again.

  18. On November 25, 2017 at 7:49 pm,
    Dick Tracy says:

    Primero deserves to go out of business, any company that mismanages it’s operations like they have only deserve bankruptcy. The same goes for governments and individuals, business is only about winners and losers, a hard fact but true.

    • On November 25, 2017 at 11:08 pm,
      Excelsior says:

      Well the management team was just switched out, where they brought back in the old CEO Joe, to right-size the operation. So changes from the top down are under way. Ironically and somewhat tragically the mine strategy, deployed once the union strikes concluded, is starting to improve operations. It is a day late and a dollar short though, just like the improvements to Black Fox right before selling it.

      Really it has been much more like a raid on Primero this year at the prices they’re giving up their assets for to McEwen and Argonaut. I don’t really see what they’ll have left at the end of this sale of San Dimas, except the 2 exploration properties. Maybe they’ll just fold up shop into bankruptcy, and put it out it’s misery.

    • On November 26, 2017 at 4:51 am,
      confused says:

      DT,
      I believe an independent investigation into how they “messed” all this then passed along the assets to other friendly players in the space seems a bit suspicious. I’d like to know the relationships to all the people involved in this obvious purposeful ruination of a PM company. Too bad corporate scams like this are all too often considered “normal business” practice on the TSX. Can you say “Inside job?”. EX, do you believe purposeful malfeasance could be at play with the destruction of PP? I’m not a regulator, but this all seem very fishy to me.

      • On November 26, 2017 at 10:09 am,
        Excelsior says:

        DT & Confused,

        Personally, when I started positioning in Primero, it had already been on a death spiral for years, and had dropped to what seemed like ridiculous levels of valuation. When the workers went on strike, I thought, wow, they are just getting destroyed in share prices, and it seemed like a good recovery story to grab ahold of. Some of my biggest gains are buying companies with quality assets at the peak of their distress, and then watching a new team dig them back out into a turnaround.

        When the strike ended I expected the stock to recover more than it did, but it just drifted sideways afterwards. Of course, the strike wasn’t over and a few months later they went back on strike over the bonuses and compensation. One thing that was mentioned by the Unions during that time and by other analysts is that they were letting the strikes drag on longer than it needed to, when all union parties and workers were ready to get things resolved. The new management shelved the discussions and let the strikes drag on longer. Why? What benefit could that possibly bring to the company financially? (I was thinking, maybe they are playing hardball with the Unions, but now I wonder if they were just trying to kill off the company). Obviously, each day a mine is not producing creates a worse and worse financial picture, so that seemed a bit unusual bordering on fiscally irresponsible to ‘slow walk’ the talks.

        When Sprott gave them the “Lifesaver Loan” then Joe Conway went on BNN and said they would not need to raise any more money and just needed to tighten up the efficiency at the mine with a better strategy once workers started utilizing their new process. Most investors interpreted that as they’d tighten up their 2 mines and slowly dig out of the mess they were in.

        Additionally, in this Joe Conway interview on BNN, he covered one of the issues for the last 2 years was lack of exploration, so they were going to be focusing on that. (however, in a short time after this public discussion, they announced that they hadn’t been successful in exploration and were not going to be pursuing more drilling to contain costs) WTF???

        __________________________________________________________________

        BNN VIDEO Interview – Joe Conway is back in saddle at struggling Primero Mining

        “Amid a strike at its main mine in Mexico, Primero Mining hasn’t released a 2017 forecast for output or costs. The company is also in a tax dispute with the Mexican government. We’re joined by mining veteran Joe Conway, who just returned as interim president and CEO.”

        http://www.bnn.ca/video/joe-conway-is-back-in-saddle-at-struggling-primero-mining~1068146

        ___________________________________________________________________________

        Here’s the real sinister part: There was absolutely no indication they’d be selling Black Fox to McEwen at this point, and the fact that they sold it for for about 6% ($32 million versus $500 million) of the money they had invested into it does ring alarm bells in most investors minds. I said it a number of times and I’ll say it again: (MUX) McEwen Mining stole that Black Fox mine from Primero for a song and a dance, right as the mine was finally starting to become profitable. It made no sense, and if they had to sell a key mine, representing all their blue sky potential, during the recovering phase in metals before the next leg up in metals & miners, then they should have had a 6 figure dollar amount, that would have wiped out all their debt.

        Again, Joe said they’d be fine with the $75 million Sprott “lifesaver” loan, and that they wouldn’t need to raise more funds. That is a hell of a lot different than we’re selling one of our key mines for pennies on the dollar out of nowhere.

        They said publicly that they were going to get back to focusing on exploration at San Dimas, and then scrapped that whole plan and message they sent the market a very short time later.

        After their decision to sell Black Fox to MUX, my investment thesis was that I was prepared to see them optimize San Dimas and slowly crawl back out of the hole with just that flagship mine and their future growth would be from their development project Cerro del Gallo, and their 2 exploration projects. However, now they sold Cerro del Gallo to Argonaut Gold, and have plans to sell San Dimas.

        Primero went out did the exact opposite of everything Joe Conway stated on that BNN interview. I’m surprised more investors are taking them task for this divergence in what they said they would do versus what they did.

        The only promise they kept was that they did start getting back the tax credits from the Mexican government, and that seemed like the least likely part that would work in their strategy at the time.

        It was a great lesson in just how opaque and dishonest the mining industry can be, and how little they actually care for retail stakeholders. (I just wish the class didn’t cost so many thousands of dollars to attend 🙁 )

        • On November 26, 2017 at 10:30 am,
          Excelsior says:

          The only consolation in this sad unraveling of Primero, is that I already was a big believer in (AR) Argonaut Gold (they are one of my favorite high-torque mid-tier Gold producers) and I’ve been adding to my (MUX) McEwen Mining position at these low prices. So I retained the Cerro del Gallo development project with Argonaut, and they are far more competent operators, and retained the Black Fox mine under the fold of McEwen – great operators. Now I just have to find out who buys San Dimas to complete the set. 🙂

          ____________________________________________________________________

          McEwen Mining Inc. – Corporate Presentation #VIDEO

          September 19, 2016 – 10:40 am – Denver Gold Forum

          http://www.denvergoldforum.org/dgf16/archived-presentation-stream-2016/webcast-live-stream/

          • On November 26, 2017 at 10:50 am,
            Excelsior says:

            McEwen Mining: Increasing Production By Developing Gold Bar & Black Fox Copper

            ResourceCapitalAG – Nov 20, 2017

            “McEwen Mining: Increasing Production By Developing Gold Bar & Black Fox Copper. Interview with Executive Chairman & Founder Rob McEwen”

            https://www.youtube.com/watch?v=a1R785kmrn4

          • On November 26, 2017 at 11:16 am,
            Excelsior says:

            BTW – that title from Resource Capital AG was a bit misleading as Black Fox is a Gold mine (the one they just got from Primero) and Los Azules is the HUGE Copper project that they have.

            Also they discuss the new development project they’ve added in Timmis to fee the Black Fox mill.

            Keep in mind the are also toll milling the new production ore from Sage Gold, as yet another source of income.

            ________________________________________________________________________

            $SGX $SGGDF Sage Gold – First Gold #Production From Clavos Mine
            (Marketwired – Nov. 8, 2017) –

            ” Sage Gold Inc. is pleased to announce that it has received confirmation from McEwen Mining Inc. $MUX that mineralized material processed from the first bulk sample mill run at the Stock Mill in Timmins, located 10 km from the Clavos Mine, has yielded approximately 476 ounces of #gold.”

            http://www.sagegoldinc.com/new-blog/2017/11/8/sage-gold-first-gold-production-from-clavos-mine

        • On November 26, 2017 at 12:16 pm,
          Dick Tracy says:

          Ex, you are giving the management at Primero too much credit, in this case they were just lousy businessmen. It happens all the time, the wrong people are allowed to make vital decisions. It’s like Sears Canada, they had what Amazon now has only 150 years ago, whoever started that company knew what he was doing, his successors ran it into the ground. Financial sense is very rare, I believe you would never let Primero go down that road if it was under your watch. DT

          • On November 26, 2017 at 12:54 pm,
            Excelsior says:

            DT – Good points, and I completely agree. They were lousy businessman, and no I would never let something like that happen on my watch, but they didn’t call me to run things (haha!) 🙂

            For clarity, I wasn’t trying to give management any credit though, other than on coming through on resolving the Mexican tax situation, which they did deliver on.

            I was just questioning how bizarre their statements were where they claimed that they were going to beef up exploration, to take things from resources to reserves, as that part had suffered the prior 2 years, but then shortly thereafter they announced they were not going to focus on exploration because they hadn’t been successful in the past and wanted to conserve cash. WTF??

            That is the opposite strategy needed to expand the reserves and give the marketplace more confidence, and it was 180 degrees opposite of what they just claimed publicly was their strategy. To people listening to the guidance Joe Conway gave for their 1-2 year strategy, that was quite misleading.

            They said with the $75 million Sprott loan this gave them 3 years to play with to reduce costs with their existing mines. They didn’t even give it 3 months before selling Black fox to MUX for $32 million. Does that seem odd or ethical or transparent to anybody else?

            Let me be clear – I’m very critical of how it all went down, and just made the case that they let the strikes go on longer than the unions or workers wanted, according to news articles at the time, and some individuals on different outlets claimed it they seemed to do it on purpose. Why? It only hurt their financial picture even more.

            DT you said it. His successors ran it into the ground, but they outlined the turn around story of more exploration and optimization, but then proceeded on a massive divestment of all the assets. It seems to go beyond lousy businessmen…

      • On November 26, 2017 at 11:00 am,
        confused says:

        Too many scum bags not enough oversight

        • On November 26, 2017 at 11:17 am,
          Excelsior says:

          Yes, That’s the short version. 🙂

        • On November 27, 2017 at 7:12 am,
          Matthew says:

          Yes, too many scumbags. The dirtball management did everything wrong at every turn. The stupid purchase of Black Fox happened with Joe at the helm should have been reason enough to stay away from these operators. Lesson learned…

          • On November 27, 2017 at 7:55 pm,
            Excelsior says:

            I was initially thinking Joe would be good news for the turnaround. Instead it just became a fire-sale of all their assets. Yes, lesson learned for me as well.

          • On November 27, 2017 at 7:57 pm,
            Excelsior says:

            What he said was their strategy and what they ended up doing were 2 very different things.

  19. On November 26, 2017 at 6:24 am,
    OOTB Jerry says:

    BIX AND SINCLAIR DEBATE……………Bitcoin vs Gold………..
    https://www.youtube.com/watch?v=z0Dval_I0_w&feature=youtu.be

  20. On November 26, 2017 at 7:10 am,
    Markedtofuture says:

    Hillary Calls Trump Administration a Dictatorship if She is Investigated

    The Washington Post has no problem with a Special Prosecutor investigating Trump and any attempt to stop that would be a crime known as Obstruction of Justice. Yet, when it comes to Hillary, they do a backflip and have the audacity to write: “The Justice Department’s declaration that Attorney General Jeff Sessions is considering appointing a special counsel to investigate Hillary Clinton in response to demands by Republicans should alarm anyone who cares about the independence of the department.” So if a Special Prosecutor is “justice” going after Trump and suddenly an abuse of power to investigate Hillary, to even take such a position seems to be the pinnacle of journalistic corruption.

    Reuters reported that Senate Republicans acknowledged that their investigation of Hillary Clinton’s role in approving a deal to sell U.S. uranium mines to a Russian company hinges in part on the testimony of a secret informant in a bribery and extortion scheme inside the same company.

    https://www.armstrongeconomics.com/international-news/rule-of-law/hillary-calls-trump-administration-a-dictatorship-if-she-is-investigated/

    • On November 26, 2017 at 7:43 am,
      Dick Tracy says:

      I’m surprised that Hillary doesn’t want to be made guardian of the national resources for The Trump Administration. The aftermath of the carnage that she would leave behind would be very instructive of her term in office as Secretary Of State. Soon she would have the press cranked up stating what a wonderful job she was doing for the country. The resources of The US would end up in the hands of foreign governments, and she would make the list as Forbes richest woman, and uraniumgate that started it all will pass into history as a non event. DT

      • On November 26, 2017 at 8:20 am,
        Dick Tracy says:

        It makes me shudder to think that somebody can be as audacious as she has been and still be allowed to walk around with a crown and a halo adorning her head.

    • On November 26, 2017 at 8:41 am,
      CFS says:

      Explain tome this:

      If Hillary was not a crook, using pay-to-play schemes and tax evasion to the Clinton Foundation, how is it that donors stop paying her foundation previously promised amounts AFTER she lost the election. e.g. Norway, Soros foundations, etc.? (Clinton foundation income dropped 95%. Had it solved Haiti homelessness and poverty?)

    • On November 26, 2017 at 10:36 am,
      OOTB Jerry says:

      She just needs to buy another JUMP SUIT…..make it an orange one…..with NO.1 on the back side.

  21. On November 26, 2017 at 10:08 am,
    CFS says:

    A CAUTION:
    I am not a good TA, however, despite nothing coming out of Cliff High, it would not surprise me that having reached $9,000 this morning, Bitcoin (BTC) now has a pullback to about $7.000 before heading up to $13,750 in about 3 months time.

    • On November 26, 2017 at 10:34 am,
      OOTB Jerry says:

      Alligator teeth……..remember……….

      • On November 26, 2017 at 2:09 pm,
        CFS says:

        OOTB,Thanks for the reminder.

        • On November 26, 2017 at 2:47 pm,
          OOTB Jerry says:

          Your welcome……..

          • On November 26, 2017 at 2:50 pm,
            OOTB Jerry says:

            You are welcome…….

    • On November 26, 2017 at 4:49 pm,
      JohnK says:

      CFS:
      CLUELESS FROM START.
      Not only are you a bad technical analysis, you are a bad liar.

  22. On November 26, 2017 at 11:58 am,
    Excelsior says:

    (AXU) (AXR) Alexco Resources: Exploring Upside At Bermingham Deposit – Production Decision 2018

    > Interview With Chairman & CEO Clynton Nauman
    ResourceCapitalAG – Nov 26, 2017 #VIDEO #Silver

    https://www.youtube.com/watch?v=XsdHwjdQs6k

  23. On November 26, 2017 at 5:20 pm,
    JohnK says:

    This week in Bitcoin land.
    Bitcoin $9,541.84
    Ethereum $470.36
    Bitcoin Cash $1,691.00
    Ripple $.249842
    Bitcoin Gold $362.61
    A Chinese group did a “Soft Fork” off the Bitcoin chain which will give the holders of Bitcoin,10
    Of the new token for every Bitcoin held.They don’t have any numbers up yet.The new token
    Is called “Bitcoin Diamond”Let’s hope that this will be the new coin adopted by the Chinese.
    Who wants to bet the next coin created off the Bitcoin Blockchain will be Bitcoin Platinum?
    Jerry posted an excellent interview with Jim Sinclair,Bill Holter, Cliff High, Bix Weir.
    I was really disappointed when Jim tried making a joke about the Bible and Jubilee. He showed us not only does he not understand Bitcoin, but he needs to spend some time reading the Bible to understand lending money and how it relates to Jubilee.
    I will give Mr Sinclair due credit as he had no problem talking about the pedophiles in Washington.
    It was interesting to note that the three people present besides Cliff and Bix never mentioned another Crypto besides Bitcoin. After two hours I think they have a pretty good understanding as to what is really happening here.

    • On November 27, 2017 at 6:39 am,
      OOTB Jerry says:

      Good summary on your part………appreciate the comments…… OOTB

      • On November 27, 2017 at 6:47 am,
        JohnK says:

        Jerry:
        This was one of those “timely” interviews that will make a difference.
        People basically fear things that they don’t understand. Cliff and Bix did an excellent job of explaining the Crypto’s as a way to get away from the system,as much as you can.
        Basically everybody is on the same page.

        • On November 27, 2017 at 6:55 am,
          OOTB Jerry says:

          John,
          I agree,” basically everyone is on the same page”.
          I thought the interview was good. At least now some of the strong gold bugs, have some great information …and it is not all tulip bulbs mania minds.

          • On November 27, 2017 at 7:05 am,
            JohnK says:

            Absolutely Jerry:
            I especially liked how Jim was driving the point of Bitcoin as a long corner. How he was talking about real markets.The what ifs.
            That is all good if you accept that the markets we have today are some way “real”

  24. On November 27, 2017 at 6:35 am,
    JohnK says:

    1322 Crypto Currencies / 7004 Markets
    Market Cap 302,552,731,717 1st week over 300 Billion
    Bitcoin Dominance 53.5%

    • On November 27, 2017 at 12:34 pm,
      Robert Moriarty says:

      1322 bitcon variations? And we should buy it because it’s rare? How does that work?

  25. On November 27, 2017 at 9:41 am,
    Peter Endres says:

    After listening to the audio with Dr. Harlan more calmly, I apologize for my last comment, great Al.