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A Focus on Silver and Silver Stocks

Cory
December 19, 2017

There have been some great comments on silver and silver stocks today which times perfectly with my conversation with Doc. We look at the overall silver sector in terms of stocks that Doc has been buying.

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19 Comments
    CFS
    Dec 19, 2017 19:32 PM

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    Zinke: US Reliance On Foreign Minerals A Security Risk
    By MATTHEW DALY – Associated Press – 5 minutes ago
    WASHINGTON (AP) — The United States is reliant on China and other nations for the overwhelming majority of critical minerals used for manufacturing everything from smartphones to wind turbines and cars, a new federal report says.

    The report released Tuesday by the U.S. Geological Survey says the U.S. relies on foreign sources for a majority of all but two of the 23 minerals identified as critical. The minerals are produced in China, Russia, South Africa, Brazil and other countries.

    Interior Secretary Ryan Zinke called the report troubling and said the reliance of imported minerals, especially by the military, poses a “very real national security risk.”

    “We are vulnerable as a nation,” the former Navy SEAL added.

    “It is time for the U.S. to take a leading position” on critical minerals such as platinum, manganese and rare-earth elements. Zinke told reporters at a briefing.

    “America first includes critical minerals,” Zinke said, referring to a national security strategy adopted by President Donald Trump that he says puts “America First.”

    The USGS report updates a widely used report from 1973. The previous report was published when many of the commodities covered in the new volume were only of minor importance. Advanced technologies have increased the demand for and production of mineral commodities for nearly all elements in the periodic table, the report said.

    Rare-earth elements are integral to nearly all high-end electronics and are produced almost entirely in China. The U.S. has reserves of rare-earth elements in California and other Western states, but has been “undercut” by low-production costs in China, the report said.

    Lawrence Meinert, deputy associate director of the Geological Survey, said the U.S. has “deposits of every element in the periodic table” but faces economic and regulatory hurdles to production.

    While the U.S. produces platinum group elements at a mine in Montana, the mine is not large enough to supply the nation’s demand, the report said. Similarly, a former California rare-earth mine has been idled amid financial difficulties and bankruptcy.

    Zinke did not make any policy pronouncements. But he and other officials called for increased U.S. production of platinum, manganese and other critical minerals, especially on federal lands.

    Sen. Lisa Murkowski, R-Alaska, who chairs the Senate Energy and Natural Resources Committee, called development of critical minerals crucial to U.S. national security.

    “We have to pay greater attention to this threat, and we have to take steps to resolve it now,” she said.

    Murkowski has sponsored legislation aimed at preventing mineral supply shortages and boosting U.S. industrial competitiveness. The measure would require Interior to identify and quantify critical U.S. mineral resources and streamline the permitting process for new mines.

    CFS
    Dec 19, 2017 19:14 PM

    Off topic: Stefan Molyneux

    https://m.youtube.com/watch?v=rR9Ask5wuSQ

    CFS
    Dec 19, 2017 19:05 PM

    Off topic:

    http://www.newsweek.com/hezbollah-cocaine-smuggle-united-states-obama-751928

    Even left-wing Newsweek admits Obama’s treachery to the nation.

      Dec 20, 2017 20:40 AM
        Dec 20, 2017 20:41 AM

        Obamy going down in History…..as the biggest Fake

      GH
      Dec 20, 2017 20:02 AM

      Even without questioning the veracity of this Obama-Hizbollah-Iran link, and its convenience to the zionist neocon agenda (who, themselves, are likely heavily involved in drug trafficking), it’s still interesting how their $1B gets this coverage, given the much greater amounts that the Clintons and Bushes almost certainly have been involved in.

      My understanding (this could be a little bit out of date) is that about $500 Billion – $1 Trillion per year of drug money is laundered through the US.

      I also understand that major companies are shipping huge amounts of pharmaceutical opioids to pharmacies that could not possibly have that level of demand. So they know full well that they are fueling the epidemic of opioid addiction and death.

      Hopefully these things will get equal coverage.

        GH
        Dec 20, 2017 20:08 AM

        It’s also interesting how when you or I move more than $3000 a Suspicious Activity Report is automatically triggered. But they can’t quite seem to be able to detect the movement of hundreds of billions.

        It seems logical to conclude that the Zionist-controlled global financial system is addicted to laundering drug money.

          Dec 20, 2017 20:26 PM

          a hilarious point about the tracking of $3000 versus hundreds of billions.

    Dec 20, 2017 20:31 AM

    HELLO>>>>>>>>>>>BYE BYE>>>>>>>>>CHARLIE GONE WITH THE CASH OUT…………
    LITECoin……….Charlie sells entire stash…………
    http://www.zerohedge.com/news/2017-12-20/litecoin-founder-cashes-out-sells-entire-stake-after-9300-rally

      Dec 20, 2017 20:32 AM

      RUSH TO THE EXIT………..

    Dec 20, 2017 20:56 AM

    This was a good interview with Doc & Cory today. Nice to hear Silver miners get some coverage, and good to see them leading the pack again, along with GDXJ.

    There still may another blip down, but personally, I positioned in front of the FOMC fedbabble rate hike, and already have had a few nice runs in many of the Junior miners.

    I’m still very constructive going into Jan/Feb that the miners will rally as this is a seasonally strong time of the year, and believe the time to have been buying was the last few week. However, I have noted both Doc’s and Jordan’s words of caution that we could still see a further pullback in the early part of 2018, and will be on the lookout in case there is one last rout.

      Dec 20, 2017 20:39 AM

      The move will probably go into the spring but I could see a pullback in February.
      Another rout is possible but not at all probable.

        Dec 20, 2017 20:23 PM

        That’s encouraging. Thanks Matthew.

    Dec 20, 2017 20:31 AM

    ALO today

      Dec 20, 2017 20:29 PM

      Yes “A Live One” for sure….