Weekend Show – Sat 2 Dec, 2017

Analyzing 2017, Stock Suggestions, And Political Comments On The News This Week

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This was a busy week on the site with company introductions and updates. For as slow as the precious metals sector is there are a number of companies that are cashed up with plans on advancing their projects.  Also consider we are in the middle of tax loss selling for the stocks. Please be sure to click on the links below to the company interviews this week and please let me know what you think. I do a lot of background research to filter the companies that I introduce and are sponsors on the site. I love hearing from all of you so please email me at Fleck@kereport.com.

As for the show this week we take a look back at the first 11 months of the year. We use this recap to assess how the markets are set up moving into 2018 when right away we will see a new Fed Chairman and possibly some clarity on the political issues that have peculated all year. We also get some PM stock suggestions from Doc and Adrian Day!

We hope you all have a great weekend!

  • Segment 1: We kick off the show with Doc sharing some of the charts he likes in the PM sector.
  • Segment 2: A new guest Peter Pham, Managing Director of One Road Research, shares the central premise he uses when investing in Asia.
  • Segment 3: Adrian Day ties together the moves we have seen this year in US equities, the US Dollar, and gold.
  • Segment 4: We wrap up the first hour with Peter Boockvar and his comments on what to expect for 2018.
  • Segment 5: We open KER Politics with Kimberly Wehle Esq discussing the constitutionality of governmental actions.
  • Segment 6: We continue our discuss about constitutionality fake news and other political topics.
  • Segment 7: We discuss the anxiety caused by political actions with Dr John Huber.
  • Segment 8: Big Al and Chris Temple discuss what appears to be yesterday’s non event with General Flynn.

Exclusive Company Introductions, Updates, and Stock Commentary


Segment 1

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Segment 2

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Segment 3

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Segment 4

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Segment 5

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Segment 6

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Segment 7

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Segment 8

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Featuring:
Richard PostmaPeter PhamAdrian DayPeter BoockvarKimberly WehleCory Fleck
Al KorelinJohn HuberChris Temple

Comments:
  1. On December 2, 2017 at 3:35 am,
    CFS says:

    Thanks for the show.
    Hi Skeeta

  2. On December 2, 2017 at 5:19 am,
    ron says:

    Tax cuts and the Deficit. Please send this to every politician that is against tax cuts.

    I know you are concerned about the Deficit. I also know that you are against reducing the Tax Rate (cutting taxes). This shows your lack of knowledge of basic economics. Reducing the tax rate will increase government revenue and reduce the deficit. In fact by my calculations we are so far out on the marginal tax rate curve (Laffer curve) that the slope is -1. This means that for every percentage reduction in the tax rate an equal percentage increase in government revenue will occur. How is this possible you ask? Increasing taxes destroys business. When business is destroyed they no longer pay taxes you dumbass. Increasing taxes leaves consumers with less to spend which decreases business revenue which reduces government revenue you dumbass. Politicians should really have to take an economic IQ test before being allowed to run for office. That’s right if you reduce the tax rate by 20% Government Revenue will increase by 20%. If you want to increase taxes then increase taxes on foreign corporations like Microsoft, Google, Facebook and Amazon. (Any corporation with more than 10% of their assets off shore) This will help the real American corporations and reduce the power of Global corporations pretending to be American.

    • On December 2, 2017 at 7:05 am,
      AJ says:

      The happiest countries pay some of the highest taxes in the world
      https://www.cnbc.com/2017/08/09/the-happiest-countries-in-the-world-also-pay-a-lot-in-taxes.html

      • On December 2, 2017 at 7:09 am,
        AJ says:
        • On December 2, 2017 at 10:55 am,
          Big Al says:

          Morning AJ. Examining the political situation today has gotten to be a very confusing thing to do. Take, for example, the ABC “correction” that recently came out. I have gotten to the point where I now try very hard to go to sources that are, at least credible in my mind, and MSNBC is really no longer in that category. By the way when I use the term “sources” I include people.

      • On December 2, 2017 at 10:51 am,
        Big Al says:

        Of course they are AJ. However, the picture in many of those countries represents a totally different life style. Take the Scandinavian countries for example. I am certainly not an expert in these countries but a close friend of mine came to North America from Denmark and that is what he tells me. I am always, buy the way, always open to hear the other side of the story.

    • On December 2, 2017 at 8:50 am,
      CFS says:

      I cannot recall Big Al stating he was against tax cuts.

      Perhaps, instead of calling Cory or Big Al “a dumbass, you midht explain specifically how your mathematical analysis woulg give a slope of -1.

      In accepted economic theory, your statement is simply wrong. Major findings show that the bellshaped Laffer curve is statistically significant and that the revenue-maximizing tax rate is between 32.67% and 35.21%.
      e.g.
      Estimating the laffer curve and policy implications☆
      Author links open overlay panelYuHsing(Professor & Head)
      Southeastern Louisiana University USA
      Available online 29 March 2002.
      https://doi.org/10.1016/S1053-5357(96)90013-X

      • On December 2, 2017 at 11:16 am,
        Big Al says:

        Thanks Professor, I did find Ron’s comment to be a bit confusing!

    • On December 2, 2017 at 10:48 am,
      Big Al says:

      Ron, you are obviously an intelligent man. I happen to agree with you, other than your comment about a “dumbass”, but I I have also seen over the years that it does not alway work that way.

      My official stance right now is to agree with the tax cuts.

      • On December 2, 2017 at 8:05 pm,
        Markedtofuture says:

        Senate Approves Trump’s Tax Reform

        The U.S. Senate on Saturday narrowly approved a tax reform, moving Republicans and President Donald Trump a big step closer to their goal of slashing taxes which will create an economic boom in the United States and draw-in capital from around the globe.

        This will put tremendous pressure upon Europe, Canada, and even Japan which all tax their economies significantly to the suppression of economic growth. The United States will have the lowest unemployment rate if this passes compared to the lost generation in Europe of high unemployed youth.

        https://www.armstrongeconomics.com/world-news/taxes/senate-approves-trumps-tax-reform/

  3. On December 2, 2017 at 6:01 am,
    Markedtofuture says:

    Pioneer Resources – PIO.AX PIONF The New Criterion: 2 mine developers to watch

    The Perth-based stalwart’s main prize remains lithium but its shorter term revenues lie with an industrial metal few outside of the oil and gas industry have heard of: caesium.

    Most of the world’s caesium is turned into a derivative called caesium formate, used to lubricate high-pressure oil wells (mainly in the North Sea).

    In radioactive form caesium is a by product of nuclear power production, but we’re assured the mineral version wouldn’t hurt a gnat.

    About 75% of output is used in drilling and the remaining 25% for caesium chemicals.

    The material is so rare that about 85% of caesium formate used is recovered for re-use.

    So much so that the near-monopoly supplier, the Canadian miner Cabot, leases the stuff rather than selling it outright. Continued…

    http://www.switzer.com.au/the-experts/tim-boreham/the-new-criterion-2-mine-developers-to-watch/

  4. On December 2, 2017 at 6:10 am,
    jhpace1 says:

    Re: Segment 1
    Cory, nobody’s talking about the gold/silver stocks I own! These are: Aurcana Corp (AUNFF), Gold Fields LTD New (GFI), Gold Resource Corp Com (GORO), Mag Silver Corp (MAG), Newmont Mining Corp (NEM), and Sibanye Gold Limited American D (SBGL). Correct me if I’m wrong, but only MAG is showing “signs of life” in the stock history. Everything else is flat or lower than 5 years ago. Hence my interest in hearing more about MAG and other Mexican silver mines.

    But do keep up with the other mine companies’ research. I am certain I will use them later. Just as soon as Bitcoin gives me some more profit to put back into junior miners.

    • On December 2, 2017 at 7:35 am,
      Excelsior says:

      jhpace1 – All of those are good companies. I hold Aurcana and have interest in Gold Resource Corp. Both are very under appreciated, (AUN) (AUNFF) has completely reworked their TX prior producing mine to be profitable at $16 Silver prices, so if Silver gets up back close to $20 they’ll be high-tailing it into production.

      As for MAG Silver it’s the same management team operating Platinum Group Metals and West Kirkland Mining. They have a large development project that will be one of the lowest quartile producers, and they are featured in a number of ETFs, but they are also more properly priced as a result. There just isn’t as much of a value / perception gap on their project as there is with say Golden Arrow Resources huge development project or Bear Creek Mining on their development projects.

      Americas Silver Corp is now in production at their huge Silver/Zinc/Lead mine (San Rafael…. and it’s in Mexico) and they will have similar low costs as MAG Silver or Silvercorp, but they are not priced nearly as high.

      As for Mexican Silver miners that are worth a look for upside torque and value when the sector turns around and when Silver gets back up in the $18-$20 range or higher, then try:
      – Impact Silver (most “pure” Silver producer, with huge exploration upside

      – Excellon Resources (highest grade Mexican producer, just dewatered their mine and accessing the highest grade stopes over the next 3-5 year)

      – Avino Silver & Gold (longest mining Mexican producer for hundreds of years & with gold project – Bralorne- in Canada)

      -Endeavour Silver (3 mines, a 4th coming on-line and #5 and #6 developing right behind those)

      – Kootenay Silver (impressive development project La Cigarra & Promontorio exploration projects)

      – Santacruz Silver (divested 3 different projects this year, paid down their debt burden, worked to fix optimization of their 2 operating mines in the 3rd quarter, set to rebound once the prices do – way undervalued and most don’t realize that they just laid down the ground work in 2017 to take off in 2018)

      – Defiance Silver (huge exploration potential and good grades in Mexico, in need of a partner or money but so much upside in the size of their previous producing land package)

      – Silver Bull Resources – Decent Silver grades in Mexico, but really more of a massive Zinc company that has an economic mine in the making

      – Silvercrest Metals (spinout from Silvercrest Mines that was sold to First Majestic, with insanely high grade drill intercepts last year and even last month).

      There are more Silver projects outside of Mexico like the Canadian companies Alexco or Dolly Varden or Klondike Silver or Brixton Metals or Metallic Minerals or the US company Bayhorse Silver going into production and utilizing new technology like Ore Sorting and Dense Medium Separation to upgrade their ore to direct shipping ore.

      There are tons of other companies beyond those still worth reviewing like Minco, Hunt Mining, Southern Silver, Bitterroot, Santana, Silver Spruce, GoGold, Silver Bearh, Levon, etc…. but the key Jr companies in the space are listed above.

    • On December 2, 2017 at 7:47 am,
      Excelsior says:

      jhpace1 – By the way Sibanye Gold was genius for buying out Stillwater Mining, and Neal Froneman is a force of nature. Nothing but respect for what they’ve been doing in the Gold and Platinum/Palladium space the last 2 years.

    • On December 3, 2017 at 11:46 am,
      Excelsior says:

      Unfortunately for Bear Creek holders, their arbitration award came in about 1/3-1/5 of what they were expecting. Instead of $100M – $150M it came in near $30. That won’t go far to help the funding of their massive Corani project, but it is better than getting nothing, and at least they can turn the page on that saga.

      Still it moves Bear Creek further into the “optionality” category needing higher Silver prices to get the interest and momentum necessary to do the large capital raise required to be able to go into production.

      _______________________________________________________________________________

      Bear Creek Mining Awarded US$30.4 Million for Santa Ana Arbitration Claim

      https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1356-tsx-venture/bcm/39020-bear-creek-mining-awarded-us-30-4-million-for-santa-ana-arbitration-claim.html?utm_source=newsletter_205&utm_medium=email&utm_campaign=junior-mining-news-for-december-1-2017

  5. On December 2, 2017 at 6:59 am,
    Dick Tracy says:
    • On December 2, 2017 at 7:19 am,
      Dick Tracy says:

      PD or PDS in The US one of Doc’s past picks is showing volume and life again. DT

  6. On December 2, 2017 at 7:07 am,
    Excelsior says:

    Stephen Riddle: What Investors Really Need to Know About Graphite

    Charlotte McLeod • November 24, 2014

    https://investingnews.com/daily/resource-investing/critical-metals-investing/graphite-investing/asbury-carbons-stephen-riddle-graphite-china-tesla/

    • On December 2, 2017 at 7:09 am,
      Excelsior says:

      (LEM) (LEMIF) Leading Edge Materials – Woxna Graphite Project

      http://leadingedgematerials.com/woxna-graphite/

      • On December 2, 2017 at 7:16 am,
        Dick Tracy says:

        A lot to like about this company Ex, my initial purchase price was higher, I believe once tax loss season is over 2018 will be a year for this company. DT

        • On December 2, 2017 at 7:39 am,
          Excelsior says:

          DT – I’m thinking of adding more, as 2018 is going to be a good year for graphite, and most of the exploration companies are nowhere close to going into production.

          As we discussed recently they can easily flip the switch and go back into production when the price is right, and all the mine/mill/process is permitted, built, and in place. There are few companies that will be able to compete in the Graphite secotor at that level when the worm turns….

          • On December 2, 2017 at 7:44 am,
            Excelsior says:

            Some other Graphite companies that look appealing though are CKR Carbon, Berkwood Resources, DNI Metals, Graphen 3D Labs, Great Lakes Graphite, Ceylon Graphite, Lomiko Metals, Black Rock mining, Alabama Graphite, Elcora Advanced Materials, Quantum Graphite, Talga Resources, Mason Graphite, adn Nouveau Monde Graphiter. There are about another 2 dozen I’m still looking into though….

          • On December 3, 2017 at 10:15 am,
            Excelsior says:

            To be clear, most explorers in ANY commodity will not become a mine, but in the early throngs of speculative buying 99% of investors don’t seem to care about that, but rather the “potential” for a big discovery outweighs the reality.

            As a result, many stocks are just speculative vehicles – not buy and hold. It is the exact same in Gold/Silver/Biotech/Cryptos/Pot Stocks/etc…. as it will be for Graphite.

            However, (LEM) being the former producing Flinders operation is one of the very few Graphite stocks that I would hold longer term, as they can turn the narrative into revenues in the near future.

            I had the same narrative with Lithium stocks regarding Orocobre, Galaxy, and Neometals (that all made it into production) and Lithium Amercias, Pilbara minerals, and Nemaska Lithium (in Advanced Development – nearer term production) and was correct in each case. Many of the other explorers already went the way of the Dodo bird, but the real companies did far better.

          • On December 3, 2017 at 11:06 am,
            Big Al says:

            So very true, Excelsior.

    • On December 2, 2017 at 12:08 pm,
      Wolfster says:

      Great article. After reading it I am leary of buying any graphite plays

      • On December 2, 2017 at 12:28 pm,
        Excelsior says:

        Most of them aren’t going to amount to much (just like any commodity) but the the few that are ready or close to ready to production will benefit. The rest will blow away like dust in the wind. With specialty metals and Energy metals I like a bit more quality and stick with Producers or Advanced development stage stories.

        Exploration stocks make more sense in Gold, Silver, Copper, Uranium where larger larger Major & Mid-tier companies may actually be interested in picking up their projects.

        • On December 2, 2017 at 1:14 pm,
          Excelsior says:

          The other thing to consider are companies working more downstream like Graphene 3D etc…..

          • On December 2, 2017 at 1:21 pm,
            Excelsior says:

            I feel the same way about companies that are working downstream from Lithium (NeoMetals, PeleMountain are downstream) in the processing or battery side (Elcora Advanced Materials, Eguana), or in rare earths (Ucore, Matamec, Arafura, Iluka), or Copper & Aluminum alloys (IBC Advanced), or any kind of downstream business that has larger margins and less competition that just the miners.

            With Gold or Silver, the product is the same as that which is mined & milled and separated, but in other commodities there is quite a bit more to the refining and processing, and then fabrication/application and those can be interestings businesses.

          • On December 3, 2017 at 9:13 am,
            Wolfster says:

            Thanks for all info Ex….been more focused on small caps and pots lately….gains there have been fabulous and too many more nerds are selling off cuz of tax loss time..mid December setting up nicely for bargains

          • On December 3, 2017 at 9:14 am,
            Wolfster says:

            Auto correct is brutal…”more nerds” was supposed to be miners

          • On December 3, 2017 at 9:49 am,
            Excelsior says:

            Wolfster – haha! That worked out just fine. People selling now in tax loss instead of buying are, in fact, nerds. 🙂

            Yes, my main focus here at year end is accumulation of severely discounted Gold, Silver, and Uranium companies. I don’t believe the battery metals & energy storage move is over in Lithium, Cobalt, Copper, Graphite, Nickel, and Manganese, but believe at present the PMs and U represent better value moving in to Q1, 2018.

            I just wanted to make the case for some of the downstream “value-add” businesses that haven’t gotten as much attention, but that have better margins and proprietary processes that may be of interest to larger companies.

      • On December 3, 2017 at 9:55 am,
        Excelsior says:

        Why Battery Cost Could Put the Brakes on Electric Car Sales
        Chisaki Watanabe – November 28, 2017

        https://www.bloomberg.com/news/articles/2017-11-28/electric-cars-need-cheaper-batteries-before-taking-over-the-road

        • On December 3, 2017 at 11:39 am,
          OOTB Jerry says:

          bloomberg……is an oil backer………..I bet……. 🙂

          • On December 3, 2017 at 11:40 am,
            OOTB Jerry says:

            Electric……will not be for the sheeple……..not enough money in it for the house of Red.

          • On December 3, 2017 at 1:29 pm,
            Excelsior says:

            Many of the Auto manufacturers are going to beat Tesla at his own game, and again much of the demand for huge electric bus fleets and EBikes is out of Asia.

            That said, most of the Oil companies have started investing in Solar and Wind, many of which have been terrible investments as they can’t provide baseload power. That is why Nuclear is still so important to the energy mix, even if it is misunderstood.

          • On December 3, 2017 at 3:13 pm,
            OOTB Jerry says:

            Oil companies invest in solar and wind……for the tax credit…….and the free money….

          • On December 3, 2017 at 3:13 pm,
            OOTB Jerry says:

            DOE……..is a big scam………..

          • On December 3, 2017 at 3:30 pm,
            Excelsior says:

            Agreed that the DOE needs a page 1 rewrite.

            There are large sea changes in place and I’d rather skate to where the hockey puck is headed, than focus on where it is currently.

  7. On December 2, 2017 at 7:35 am,
    jhpace1 says:

    Re: Segment 8
    What this is really about, Big Al, was making sure the Trump Administration had no “transition period” at all. It was to enforce the previous Obama administration’s goals, and the Deep State’s forever-war goals, as long as possible. Trump was supposed to not even enter the White House with his staff until 20 Jan 2017, as far behind the eight-ball as possible. It would have taken Trump and his staff even longer to understand the ins and outs of the Executive Branch than it has the last 11 months, and that is the real reason.

    Gen. Flynn was just caught in the trawling net of the Deep State and the globalists in charge in the USA, that’s all. Was he naive, even foolish? Perhaps. I’ll not judge the man because I don’t have all the information, and because it is the Christian action to do. The Deep State and its’ minions are hoping for a domino effect from Flynn to Trump, but I do not believe that is going to happen. It’s a false story to begin with, and a setup at its’ worst.

    • On December 2, 2017 at 11:22 am,
      Big Al says:

      Many thanks JHPace1,

      I was all over this story yesterday and did not even see “our side” until I posted the article which I posted late afternoon from The New Republic.

      I think that the situation right now is the power of the “Deep State” and I pray to God that President Trump and his people are smarter and will convince the American people of the truth as to what is actually going on.

      What a movie this will make someday!

  8. On December 2, 2017 at 7:37 am,
    confused says:

    Doc,
    I’m sure my tsx volume chart on YRI is wrong but it shows massive volume spike two days ago of over 60 million units! It must be wrong. If it isn’t then that’s the largest spike in a decade on that stock!

  9. On December 2, 2017 at 7:40 am,
    Markedtofuture says:

    Did Flynn’s Plea Deal Just Disprove Election Collusion

    This whole charade with former National Security Advisor Mike Flynn reeks of desperation and makes clear that Mueller’s team has an empty hand.

    http://www.zerohedge.com/news/2017-12-01/did-flynns-plea-deal-just-disprove-election-collusion

    • On December 2, 2017 at 11:23 am,
      Big Al says:

      It certainly reeks of something, Markedtofuture and I think that all of know what that is!

      • On December 2, 2017 at 11:33 am,
        Markedtofuture says:

        Bi Al, reek is right. There is an embedded New York Times source link in below article.

        Mueller’s Top FBI Agent Probing Clinton Emails, Russian-Collusion “Removed” After Anti-Trump Texts Found

        Special Counsel Robert Mueller’s top FBI investigator into ‘Russian meddling’ and Clinton emails has been removed from the probe reportedly due to the discovery of anti-Trump text messages exchanged with a colleague (who he happened to be having an extra-marital affair with).

        http://www.zerohedge.com/news/2017-12-02/muellers-top-fbi-agent-probing-clinton-emails-russian-collusion-removed-after-anti-t

        • On December 2, 2017 at 12:16 pm,
          Big Al says:

          Thanks Markedtofuture

  10. On December 2, 2017 at 8:47 am,
    pardu says:

    Big Al, The federal gov’t has for decades acted beyond its enumerated powers. Well did Jefferson and the other founders opine on the importance of “chaining the federal gov’t down” by limiting its powers, leaving everything else up to the states and the people.

    One example is the battle over the establishment clause and religious expression in America today. Frequently, those opposed to religious expression in public places, refer to the “wall between church and state” as mentioned by Jefferson. They mis-apply that comment, which came about as a response to the Danbury Baptists, who sought special consideration from the federal gov’t when Jefferson was president.

    Jefferson’s response to their query was that now famous wall between church and state response, but they fail to quote what he went on to say. Jefferson’s response was in keeping with the constitution and that was that the federal gov’t shall make no law respecting religion, or in other words, make one religion a state sponsored religion as with what occurred in Britain.

    Jefferson went on to say that though he and the federal gov’t could not entertain their request, as governor of Virginia he could, because the states were free to do what they asked.

    Supreme court Justice Joseph Story in 1838 went on to corroborate what Jefferson’s position was. Some people were seeking a judicial remedy to prevent states from enacting laws that were reflecting the dominant religion of the people in a state. Story, in his majority opinion, reaffirmed the right of a state to enact laws which reflected the dominant religion of that state and mentioned that if people did not concur with the way the laws were being enacted, they were free to move to another state that better reflected their views.

    The federal gov’t was chained down, but not the states. So long as states enacted laws that were not in violation of people’s inalienable rights, they were free to do so and people were free to locate to a state that better suited them. Hence, part of the wisdom of the founders and the beauty of the constitution.

    Another example is the misuse of the general welfare clause in the preamble of the constitution. Many politicians have abused that clause, believing that they could pass any law they deemed to be for the general welfare of the people. This idea goes well beyond the limited enumerated powers of the federal gov’t, as politicians could concoct just about any rationale for passing illegal legislation.

    Again, Jefferson came to our aid when he reminded those who believed they could do anything they wanted, if they believed it was for the general welfare of the county, using the clause as their basis, by reminding them that the clause was “reflexive in nature”. Meaning, that the preamble stated what the result of the constitution would be if followed.

    The constitution itself, if followed as intended, would “establish justice, insure domestic Tranquility, provide for the common defense, promote the general welfare, and secure the blessings of Liberty to ourselves and our posterity…”

    Jefferson went on to correct their views by stating unequivocally that the general welfare clause in the preamble did not give the federal gov’t the right to do anything it wanted, if believed to be for the general welfare, but that the federal gov’t had to stay within its enumerated powers and all else went to the states and the people respectively, as mention in the tenth amendment of the bill of rights.

    Jefferson was right and the Supreme Court agreed, but sadly, over the years this understanding and wisdom has been all but lost to the public understanding and we have reaped what we now have, a barely recognizable image of what the constitutional form of government was to be. Well did the founders warn that this constitution was wholly unsuitable to an immoral society, and I would add, an uninformed society as well.

    We have for far too long not properly taught our youth what the constitution is, how it came to be, what the overriding principles were, and what the intent of the founders was. John Adams warned that if we were unable to retain the Liberty they gave us, he would rue “half the effort” it took for him and others to give it to us. I understand their fear for future generations, as these fears have come to pass.

    Hopefully, we as a nation will remember and rise up to put the constitution back in its place. Just my humble opinion on the topic.

    • On December 2, 2017 at 9:06 am,
      OOTB Jerry says:

      Great commentary…………………IMO……………

    • On December 2, 2017 at 9:11 am,
      Excelsior says:

      + 1787

      Pardu – great post!

      • On December 2, 2017 at 11:02 am,
        b says:

        Good post pardu.

    • On December 2, 2017 at 10:43 am,
      bonzo barzini says:

      Hear, hear!

    • On December 2, 2017 at 10:44 am,
      Silverdollar says:

      Great history lesson. Thank you.

    • On December 2, 2017 at 11:32 am,
      Big Al says:

      Pardu,

      That is much more than just a “humble opinion” my good friend. You are one intelligent and articulate individual and it is my pleasure to consider you to be a valuable friend an a valuable part of our Forum.

      I have to admit that I am getting a bit overwhelmed by what is going on. The latest example comes from ABC. I have never seen a major news network come out with a clarification that it did and then admit that it was the duty of the press to to what they did! Good for them.

      • On December 2, 2017 at 4:47 pm,
        pardu says:

        Thanks, Big Al, I view your comments and many on the forum to be very important and worthwhile. Shows like the one you provide are doing a wonderful service for those who tune in. We need many more forums like these in America, ones dedicated to information that is put forth in a truthful manner and will lead to civic discussions on the issues of our day. Everyone’s opinions matter.

  11. On December 2, 2017 at 8:52 am,
    Excelsior says:

    Alex Molyneux‏ @AlexMiningGuy

    “TradeTech reporting the #uranium long-term reference price rose US$1 to US$31/lb… first rise in a LONG time!”

    https://twitter.com/AlexMiningGuy/status/936490891090444289

    • On December 3, 2017 at 5:32 am,
      Excelsior says:

      Russian-Indian defence cooperation in danger after India commits inadmissible act
      09 Nov 2017 – Dmitriy Sudakov
      “Russian military officials believe that their Indian partners committed an inadmissible action by allowing Americans on board Chakra nuclear submarine (formerly Nerpa), which India leases from Russia since 2011.”

      http://www.pravdareport.com/russia/economics/09-11-2017/139141-russia_india-0/

      • On December 3, 2017 at 11:28 am,
        Excelsior says:

        Yemen Rebels Claim They Fired Missile At Abu Dhabi Nuclear Plant
        Dec 3, 2017

        “Two days after Israel reportedly destroyed an alleged Iranian airbase in the city of al-Qiswa near Damascus in Syria, Yemen’s Houthi rebels claimed they fired a cruise missile toward the $20 bilion Barakh nuclear power plant in Abu Dhabi in the UAE (which is still under construction) which “successfully hit its target”, the group’s television service said on its website Sunday, however without providing evidence.”

        http://www.zerohedge.com/news/2017-12-03/yemen-rebels-claim-they-fired-missile-abu-dhabi-nuclear-plant

        • On December 3, 2017 at 11:31 am,
          Excelsior says:

          North Korea’s Nuclear Test Are Spreading ‘Ghost Disease’ Causing Deformations, Defectors Say
          Jason Silverstein 1 hour 51 minutes ago

          “North Korea’s nuclear test are spreading a “ghost disease” that is deforming babies and sickening civilians exposed to radiation, defectors said in a report published Sunday.

          “So many people died we began calling it ‘ghost disease,’” Lee Jeong Hwa, a defector who used to live by a nuclear testing site, told NBC News.

          “We thought we were dying because we were poor and we ate badly. Now we know it was the radiation.”

          https://www.yahoo.com/news/north-korea-apos-nuclear-test-173756098.html

  12. On December 2, 2017 at 11:45 am,
    Markedtofuture says:

    Russia, China, India Unveil New Gold Trading Network

    Did they figure out the Gold derivatives scam?

    “If our gold and foreign currency reserves were ever seized, even if it was just an intention to do so, that would amount to financial terrorism. It would amount to a declaration of financial war between Russia and the party attempting to seize the assets.”

    Currently the international gold price is established (discovered) by a combination of the London Over-the-Counter (OTC) gold market trading and US-centric COMEX gold futures exchange.

    However, ‘gold’ trading in London and on COMEX is really trading of very large quantities of synthetic derivatives on gold, which are completely detached from the physical gold market. In London, the derivative is fractionally-backed unallocated gold positions which are predominantly cash-settled, in New York the derivative is exchange-traded gold future contracts which are predominantly cash-settles and again are backed by very little real gold.

    http://www.zerohedge.com/news/2017-12-02/russia-china-india-unveil-new-gold-trading-network

  13. On December 2, 2017 at 12:49 pm,
    Excelsior says:

    METANOR REPORTS ITS FINANCIAL AND OPERATIONAL RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2017
    November 29, 2017 – (MTO) (MEAOF)

    > Bachelor Property

    – Gold production of 7,293 ounces;
    – Gold sales of 7,047 ounces;
    – Gross revenues of $11.3 million from gold sales for the quarter at an average realised price of $1,610 per ounce sold (US$1,285/oz using an exchange rate of US$0.80/C$1.00);
    – Net revenues of $10,548,861 from gold sales for the quarter after sales of ounces in the stream agreement.
    – Cash Cost of $1,243 per ounce sold for the quarter (US$ 992/oz using an exchange rate of US$0.80/C$1.00 – the cash cost is composed of all costs related to the mineral extraction and processing including royalties associated to the property, and by-product credits.)
    – 10,965 metres drilled during the quarter, confirmation of the expansion of the Main vein below level 16.

    >> Barry Project

    – 19,407 meters drilled; presence of a series of high grade gold sub-vertical shears below the three small pits, 900 metres along strike length, and a depth of 550 meters and, presence of a gold bearing contact zone against intrusive dyke.
    – Metanor increased drilling, by adding another drill in May, with a focus on the shear type structures below and laterally from the pits.
    – Permitting for the construction of a larger construction camp was underway since April 2017. The construction permit was received in mid-October. A larger camp will allow more drilling activities and/or operation activities.

    http://www.metanor.ca/en/communiques-presse/metanor-reports-its-financial-and-operational-results-for-the-quarter-ended-september-30-2017/

  14. On December 2, 2017 at 4:55 pm,
    Excelsior says:

    How CME Group’s Bitcoin Futures Will Work
    By Patrick Thompson – 15 hours ago

    https://cointelegraph.com/news/how-cme-groups-bitcoin-futures-will-work

    • On December 3, 2017 at 1:26 am,
      Excelsior says:

      US Senate Moves to Criminalize Non-Disclosure of Cryptocurrency Ownership

      By Joshua Althauser – 7 hours ago

      https://cointelegraph.com/news/us-senate-moves-to-criminalize-non-disclosure-of-cryptocurrency-ownership

      • On December 3, 2017 at 2:41 am,
        Excelsior says:

        The government is coming for your Bitcoin
        Simon Black – December 1, 2017

        “The same day Bitcoin cracked its all-time high above $11,000, the government dealt its first blow to the crypto world…”

        “On Wednesday, a federal judge in San Francisco ordered the popular Bitcoin exchange, Coinbase, to provide the IRS with information on over 14,000 account holders.”

        “The taxman noticed that only 800-900 people reported gains related to Bitcoin in each of the years between 2013-2015. It seemed unusual given Bitcoin’s meteoric rise.”

        “So the IRS went for its pound of flesh.”

        https://www.sovereignman.com/trends/the-government-is-coming-for-your-bitcoin-22724/

        • On December 3, 2017 at 3:26 am,
          Excelsior says:

          To the moon with Crypto Wars — Issue No. 4
          Your dose of crypto news and analysis from @BTO and @Goldfinger

          “Are we at the moon now? At the beginning of November, Bitcoin had just recently crossed the US$6,000 mark for the first time. Its price then surged by more than 60% to surpass US$10,000 for the first time ever this past week — a psychological price barrier if anything — and even shot above US$11,000 briefly on Wednesday before retreating. After hitting those highs, it “crashed” — oh no! — to US$9,300 or so, a level that it had just hit for the first time ever on Sunday. So… hardly a crash. The leading crypto is now trading around US$10,900 and has been solidly above US$10,000 for most of the day today, with traders and hodlers likely emboldened by news that Bitcoin futures have received regulatory approval.”

          https://ceo.ca/@bto/to-the-moon-with-crypto-wars-issue-no-4

          • On December 3, 2017 at 9:12 am,
            Excelsior says:

            All things considered – Bitcoin has made a new high @ $11,874.00.

          • On December 3, 2017 at 11:27 am,
            Big Al says:

            It is probably time that I educated myself about Bitcoin!

          • On December 3, 2017 at 11:30 am,
            b says:

            considering jumpin in at the top?

          • On December 3, 2017 at 11:36 am,
            OOTB Jerry says:

            Could be a little to late………..

          • On December 3, 2017 at 11:37 am,
            OOTB Jerry says:

            although, an educating one’s self is not all bad……….

    • On December 3, 2017 at 10:25 am,
      OOTB Jerry says:

      Who believes anything concerning the CME……..what a joke………

      • On December 3, 2017 at 11:25 am,
        Excelsior says:

        Politician Ron Paul is Worried Big Brother is Spying on Your Bitcoin Transactions

        Josiah Wilmoth on 02/11/2017

        https://www.cryptocoinsnews.com/politician-ron-paul-worried-big-brother-spying-bitcoin-transactions/

        • On December 3, 2017 at 11:29 am,
          OOTB Jerry says:

          Well , ……what is new……they have been spying on everyone for a long time….
          How many people work at Langley..and for the Cia…..4million

          • On December 3, 2017 at 3:56 pm,
            Excelsior says:

            Very true…..nothing new…..from the snoopers….. (but many users believe they are anonymous when transacting if the address is not known publicly).

          • On December 3, 2017 at 4:05 pm,
            OOTB Jerry says:

            And the game goes on…………

          • On December 3, 2017 at 6:37 pm,
            b says:

            Rickards has been saying bitcoin is not anonymous forever.

    • On December 3, 2017 at 3:57 pm,
      Excelsior says:

      Aruba Looks to Ethereum to Boost Tourism

      Jonathan Keane – Dec 3, 2017

      “Aruba is looking to blockchain to take power from travel monopolies and keep tourism revenue on its sandy shores.”

      https://www.coindesk.com/blockchain-beach-aruba-looks-ethereum-sustain-tourism/

      • On December 3, 2017 at 4:07 pm,
        OOTB Jerry says:

        This thing…..is getting crazy………

  15. On December 2, 2017 at 5:12 pm,
    Excelsior says:

    Precious Metals Video Update: Downside Break Coming in Gold & Gold Stocks

    Jordan Roy-Byrne – Palisade Radio – Nov 30, 2017

    “We provide our immediate outlook for Gold and gold stocks which is bearish but we also touch on how gold stocks fit into the history of recoveries from mega bear markets. This history implies gold stocks will make a significant low in 2018 and perform fantastically well into 2019. ”

    https://www.youtube.com/watch?v=GkJt0o1UeNg

  16. On December 2, 2017 at 5:14 pm,
    Excelsior says:

    Investing Lessons from the Dude. “Or, uh, His Dudeness, or uh, Duder, or El Duderino if you’re not into the whole brevity thing.”
    December 2, 2017

    https://25iq.com/2017/12/02/investing-lessons-from-the-dude-or-uh-his-dudeness-or-uh-duder-or-el-duderino-if-youre-not-into-the-whole-brevity-thing/

    • On December 3, 2017 at 2:04 am,
      Excelsior says:

      This was a funny piece with some good macro investing tips BTW. 🙂

  17. On December 2, 2017 at 6:18 pm,
    Dan says:

    I enjoyed Pham. First, he said “I’m Canadian” Later, he said “you guys in the west”. he’s a natural insect liar, but quite interesting and learned.

  18. On December 2, 2017 at 7:54 pm,
    Markedtofuture says:

    Frustrated Investors File Lawsuits Against World’s Largest ICO

    Here’s the latest sign that Tezos is headed for collapse…

    http://www.zerohedge.com/news/2017-12-01/frustrated-investors-file-lawsuits-against-worlds-largest-ico

  19. On December 2, 2017 at 8:23 pm,
    Markedtofuture says:

    FBI official’s role in Clinton email investigation under review

    EXCLUSIVE – Two senior Justice Department officials have confirmed to Fox News that the department’s Office of Inspector General is reviewing the role played in the Hillary Clinton email investigation by Peter Stzrok, a former deputy director for counterintelligence at the FBI who was removed from the staff of Special Counsel Robert S. Mueller III earlier this year, after Mueller learned that Strzok had exchanged anti-Trump texts with a colleague

    http://www.foxnews.com/politics/2017/12/02/fbi-officials-role-in-clinton-email-investigation-under-review.html

  20. On December 3, 2017 at 2:03 am,
    Excelsior says:

    (MUX) McEwen Mining to speed up Timmins exploration program
    Cecilia Jamasmie | Dec 2, 2017

    “McEwen said the funds raised would be used exclusively for a 2018 exploration program, primarily at the Black Fox property, which it bought in August for $35 million from Primero Mining Corp.”

    “Deep direction exploration drilling is currently underway at Black Fox, which hosts resources to a depth of 880 metres.”

    http://www.mining.com/mcewen-mining-speed-timmins-exploration-program/

  21. On December 3, 2017 at 2:42 am,
    Excelsior says:

    Ira Epstein’s Metals #Video (12-1-2017)

    #TechnicalAnalysis #Charts #Gold #Silver #Copper #Platinum

    https://www.youtube.com/watch?v=gXbs6hCOk6Y

  22. On December 3, 2017 at 2:53 am,
    Excelsior says:

    UPDATING THE 3 AMIGOS OF THE MACRO
    November 30, 2017 Gary

    “Those Amigos are…”

    1. Stocks complete their rise vs. gold.
    2. 10yr & 30yr yields hit upside targets (and limitation points) around 2.9% & 3.3%, respectively.
    3. The #YieldCurve finishes flattening (at least) and turns to steepening (at most).

    “We use the big picture graphic (a bit dated now) for cartoonish illustration purposes. This shows global and US stocks retracing the former bear market vs. gold, the 30yr yield Continuum and the yield curve.”

    https://nftrh.com/2017/11/30/updating-the-3-amigos/

    • On December 3, 2017 at 2:55 am,
      Excelsior says:

      Capital Trading Group’s weekly newsletter
      Nell Sloane, Capital Trading Group, LLLP – Dec 03

      “…as of this writing $Bitcoin is pushing the $10k mark and the #SP500 is well over 2600 so our best analysis is to just stick with the prevailing winds and say, we see no bubbles here, just simply more of the same fiat debasement going on.”

      “The first chart we have is the clear breakout of the techy FAANGs we have all become to love or covet, not sure, but the 3.5yr trend channel has clearly broken:”

      “The next #chart shows the US 2s10 spread in yields. We can see the clear flattening that has taken place on the heels of the #FED and their balance sheet reduction and rate hiking plans. We are beginning to think that this move has run its course and if the FED even blinks, this thing will snap steepen.”

      http://www.321gold.com/editorials/sloane/sloane120317.pdf

      • On December 3, 2017 at 2:57 am,
        Excelsior says:

        Inflation Target, Taylor Rule and Gold
        Arkadiusz Sieron – Nov 30, 2017

        “The central banks’ inability to achieve their #inflation targets led some analysts to argue for modifying these targets. Are they inappropriate in a modern, globalized economy? Should central banks change them? Or should they conduct a more rule-based policy, as John Taylor argues? How would such moves affect the gold market?”

        http://www.321gold.com/editorials/sieron/sieron113017.html

      • On December 3, 2017 at 7:36 am,
        Robert Moriarty says:

        Ex:

        Isn’t she going to be surprised? We are in the terminal stage on both counts. Better sell a month early than a day late.

        • On December 3, 2017 at 9:07 am,
          Excelsior says:

          Agreed. The pigs will get slaughtered again as usual if they overstay their welcome.

  23. On December 3, 2017 at 3:32 am,
    Excelsior says:

    Chris Martenson-Saudi Arabia & Other Geopolitical Gold Market Shockers for 2018

    Jay Taylor Media – Nov 29, 2017

    https://www.youtube.com/watch?v=92OLOfhHEr4&t=3s

    • On December 3, 2017 at 11:57 am,
      Excelsior says:

      Very interesting thoughts from Chris Martenson & Jay Taylor on the future of the PetroDollar

  24. On December 3, 2017 at 8:01 am,
    Markedtofuture says:

    Dr. Mark Skidmore – $21 Trillion Missing from US Federal Budget

    Michigan State University economics professor Mark Skidmore made an astounding discovery about the finances and budgets of the U.S. federal government earlier this year. He and a team of graduate students discovered $21 trillion missing in the federal budget going back to 1998. Dr. Skidmore, who specializes in public finance, explains, “We know from official government sources that indicate $21 trillion is, in some way, unaccounted for. Furthermore, if we come back to the Constitution, all spending needs to be authorized by Congress. It looks to me, and I think I can conclude with a high degree of certainty, there is money flowing in, as well as out, that is unaccounted for. . . . That’s the one thing we know from these documents, that there is $21 trillion in unaccounted funds.”

    In one example, Skidmore found a huge transfer from the Treasury Department to the Army that, again, was not authorized. Keep in mind, the Army has an approved budget of a little more than $120 billion a year. Skidmore says, “In this one report . . . there is an appendix table that indicates there was a transfer from Treasury to the Army of about $800 billion. That’s almost a trillion dollars flowing in. There is a note that says we had to do this in order to reconcile past years. That doesn’t make sense to me either because, these earlier years, you have a transfer from the Treasury of your $120 billion or $130 billion, and every year, the Army is granted the authority to spend this money in the ways they say they will. How can you get (an additional) $800 billion in and call that an ‘adjustment’? I tried to call and talk to the office of the Inspector General to talk to the people who helped generate these reports. I haven’t been successful, and I stopped trying when they disabled the links.”

    You heard correctly. The government cut off inspection of their own financial accounting to the public. Skidmore says, “I have been able to talk to a few people. I tried calling the Congressional Budget Office. I talked with somebody at the GAO, and one or two people at the Office of the Inspector General, who were generating these reports. . . .It’s a big question in why don’t people want to look at this? I am just a blue collar economist at Michigan State University, and I am saying this does not make sense to me. Why don’t we look at this? . . . Some high ranking government official authorized the disabling of all the links to the key documents. We know that.”

    Dr. Skidmore thinks the federal accounting of $21 trillion in missing money is crazy and far outside the realm of normal. So, is this a legitimate U.S. national security issue? Dr. Skidmore says, “Yeah, and that is one of the reasons I decided to look at this. How can this be, and what does this mean? If trillions of dollars are flowing in and flowing out, it appears to be outside of our Constitution and outside of the rule of law. If that is the case, that really is troubling because it suggests that there is a layer of things happening that are outside the rule of law. I know, for example, that some activities, just for the sake of protection of the people involved in national security, have to be black budget. There is always stuff like that. Usually, it’s authorized spending, and some percentage is this black budget where only a small percentage of people and some in Congress know about it, but this is way outside of that. So, I am worried about it.”

    Join Greg Hunter as he goes One-on-One with Professor Mark Skidmore of Michigan State University, as he talks about $21 trillion in missing money from the U.S. federal budget.

    https://www.youtube.com/watch?v=7CwpjIwwI9o

    • On December 3, 2017 at 8:33 am,
      OOTB Jerry says:

      Fitts…..has been talking about this for over a year…….

      • On December 3, 2017 at 8:34 am,
        OOTB Jerry says:

        Glad to see some others are waking up ……..MIC…MICC……..

        • On December 3, 2017 at 8:35 am,
          OOTB Jerry says:

          The citizens do not owe a dime………..Jubilee TIme……….. 🙂

    • On December 3, 2017 at 11:24 am,
      OOTB Jerry says:

      Marty……is a doom and gloomer…………Mr. Wizard with his machine…… 🙂

      • On December 3, 2017 at 11:24 am,
        OOTB Jerry says:

        oops wrong area………

  25. On December 3, 2017 at 9:11 am,
    Markedtofuture says:

    Is Cryptocurrency a Government Plot?

    QUESTION: You have said that the future will be cryptocurrencies. The Bank of Canada has come out and acknowledged what you have been saying that such private issue challenges the government’s profit structure. Do you think electronic money will be viable sooner or later down the road?

    PG

    ANSWER: Electronic currency is ALREADY the bulk of the money supply. When you deposit $100 in a bank, it lends out $90 from your deposit and your bank statement still reflects you have $100. However, the person who borrowed the money now has $90 in their account. The government did not “print” money to cover that extra $90, rather they just created “electronic” money.

    So what is the big thing about cryptocurrencies? The idea is that it is money that will not depreciate and is strangely not “fiat.” Yet, it is no different than the electronic money created by the bank, which is also outside the strict domain of government.

    If you just look at the price of Bitcoin, it demonstrates that this is merely a speculative boom indistinguishable from the Dot.COM Bubble, which also reflected a new era in technology. If Bitcoin was truly an alternative currency that was supposed to retain its value, the mere fact that the rice has soared like any stock proves that it is by no means a “store of wealth” that somehow is better than currency in which it must still be converted to use in the bulk of the economy.

    If the power grid failed, everyone would be broke. You could not even buy food. Society would revert immediately back to barter. There are risks to any form of electronic money be it a bank or crypto. The government WILL move toward cryptocurrencies THAT THEY WILL CONTROL, not the private sector. I have stated before, they argue electronic money eliminates cash crime from bank robberies, drugs, prostitution, etc., but it introduces more sophisticated hacking computer crimes.

    The crime issue is the excuse, but the real issue remains the hunt for taxes. I have to wonder if the government is not behind this entire cryptocurrency phenomenon. Satoshi Nakamoto is the name assigned to this mysterious unknown person or people who designed Bitcoin and created its original reference implementation. Nobody knows who invented this technology. It is entirely possible that this movement is a false flag created by the government to move society to accept the end of tangible money. It is very strange that the person who invented this technology is unknown and has not stepped forward to demand some royalty.

    https://www.armstrongeconomics.com/world-news/cryptocurrency/is-cryptocurrency-a-government-plot/

    • On December 3, 2017 at 11:19 am,
      OOTB Jerry says:

      Reason not to buy an electric car “If the power grid failed, everyone would be broke.”

    • On December 3, 2017 at 11:21 am,
      OOTB Jerry says:
    • On December 3, 2017 at 11:26 am,
      OOTB Jerry says:

      here we go……..On December 3, 2017 at 11:24 am,
      OOTB Jerry says:
      Marty……is a doom and gloomer…………Mr. Wizard with his machine…… 🙂
      Reply to this comment

  26. On December 3, 2017 at 10:02 am,
    Markedtofuture says:

    Republicans Prepare For War With FBI, DOJ: To File Contempt Action Over Anti-Trump Bias

    Five weeks ago, House Speaker Paul Ryan accused the DOJ and FBI of “stonewalling” the House Intelligence Committee’s wide-ranging subpoena for all pertinent information about how the largely unsubstantiated “Trump dossier” played into the DOJ’s decision to launch the infamous Trump collusion investigation. At the time, the speaker said the agency was preparing to turn over the information requested, though it never did. Only yesterday, following a series of coordinated media leaks about Peter Strzok, an FBI agent who was reassigned from the Mueller probe to a job in the FBI’s HR Department under mysterious circumstances.

    Well, thanks to the New York Times and the Washington Post, Nunes learned – at the same time as the broader public – the reasons for Strzok’s sudden reassignment: Namely, that the Mueller team member who had played a critical role in the DOJ’s original collusion investigation – and before that the FBI’s probe into Hillary Clinton’s mishandling of classified information – had exchange text messages expressing anti-Trump sentiments with FBI attorney Lisa Page while the two were having an affair.

    Well, the Intel committee chairman was understandably less than pleased at this very public embarassment. Therefore, he announced in a statement issued Sunday that he would be preparing to hold the DOJ in contempt of Congress, a serious escalation.

    http://www.zerohedge.com/news/2017-12-03/house-republicans-prepare-war-fbi-doj-over-anti-trump-investigation-bias

  27. On December 3, 2017 at 11:07 am,
    Excelsior says:

    Gwen Preston, Editor of Resource Maven, interviews (TK) (TKRFF) Tinka Resources Ltd., Alvaro Fernandez-Baca, V.P. Exploration at the November 10+11, 2017 Metals Investor Forum. #MIF

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

  28. On December 3, 2017 at 11:35 am,
    Excelsior says:

    Gold – How Much Patience Can You Muster Up?
    Lior Gantz

    “In 28 days, 2017 will be behind us. As it stands, gold sits at $1,280.80. So far, it’s up 11% this year, only 5% shy of the 52-week high that was reached during the North Korean crisis in September.”

    “Since 2010, it hasn’t had a better-performing year. Take a look:”

    http://mailchi.mp/wealthresearchgroup/gold-december-could-trip-the-wire?e=03e4d5c53f

  29. On December 3, 2017 at 12:28 pm,
    OOTB Jerry says:

    CVS……..buys Aetna…….one less egg to fry………

  30. On December 3, 2017 at 6:55 pm,
    Markedtofuture says:

    Christmas Comes Early For Purdy’s Reward Bulls

    December 3, 2017 Allan Barry Laboucan

    Recent news from Novo Resources (NVO.V) has put their stock as well as partner Artemis Resources (ARV.AX and ARTTF.US) under pressure. Creating a gift of an opportunity for investors positioning themselves in the early days of the joint venture between Novo and Artemis to explore the Purdy’s Reward gold project. The big gold nuggets in those conglomerate beds haven’t gone anywhere and they are just getting started at exploration.

    The news that freaked a bunch of investors out was that the large diameter drilling wasn’t working at collecting material to assay. To me, this really was a non-event, but nonetheless it caused a healthy correction for Novo, as well as Artemis and other juniors involved in the Australian Gold Rush at Purdy’s Reward. Since I started covering this emerging story in the past few months, I’ve stated on several occasions that this project is going to be all about bulk sampling to get a representative grade.

    The first mini-bulk sample they did, came back with an incredible grade of around 2 ounces p/t, right at surface. Right away the arm waving took off, and the one that got the most attention was Novo because they had a lot of the down dip ground from where the conglomerate beds daylight over by Purdy’s Reward….

    https://www.allanbarryreports.com/single-post/2017/12/03/Xmas-Comes-Early-For-Purdy%E2%80%99s-Reward-Bulls