Weekend Show – Sat 6 Jan, 2018

The Commodities Uptrend and Economic Growth

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Welcome everyone to the first weekend show of 2018! This week was good for asset classes almost across the board. US markets were up, commodities including the precious metals also saw money flow in. The US Dollar continues to struggle which could be supportive of the moves in commodities.

In this week show I get some more in depth comments on commodities and what 2018 has in store. We also look at the continues better economic data as well as how debt is a major contributor to the growth we’ve seen over the past decade.

Please keep in touch with me through the blog or by email at Fleck@kereport.com. I will have a number of Company updates out next week so keep your eyes out for those and send me whatever questions you have for the stocks you follow. Have a great weekend!

  • Segment 1: Chris Martenson from Peak Prosperity kicks off our first show in 2018 with a focus on the uptrending commodity sector.
  • Segment 2: We continue to discuss the broad commodity compel with Fund Manager Dana Lyons
  • Segment 3: Peter Boockvar, Editor of The Boock Report and Chief Investment Officer at Bleakley Financial Group, joins me to discuss the huge optimism around economic growth and equity markets.
  • Segment 4: Peter Pham, Founder of One Road Research shares a new report he is working on relating debt and growth in Asia.
  • Segment 5: Harlan Ullman explains why there can be no shades of gray in foreign relations actions on the part of the US.
  • Segment 6: Ryan Ko discusses cryptocurrencies and blockchain companies.
  • Segment 7: Dr. John Huber offers advice as to the healthy way to be politically informed as opposed to being politically swayed.
  • Segment 8: Professor Alain Sanders critiques the Trump presidency to date.

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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Chris MartensonDana LyonsPeter BoockvarPeter PhamHarlan UllmanRyan Ko
John HuberAlain SandersCory FleckAl Korelin
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  1. On January 6, 2018 at 3:37 am,
    Tad says:

    A belated Happy New Year to everyone!
    Lets hope it’s a good ‘un 🙂
    Thanks, as always, to Cory and big Al.

    • On January 6, 2018 at 7:45 am,
      Excelsior says:

      +1 Tad

      As for 2018, yes…… “Lets hope it’s a good ‘un”

      • On January 6, 2018 at 1:16 pm,
        bigal says:

        I am counting on it, Excelsior!

    • On January 6, 2018 at 1:15 pm,
      bigal says:

      Thanks Tad!

  2. On January 6, 2018 at 6:32 am,
    Markedtofuture says:
    • On January 6, 2018 at 7:03 am,
      Excelsior says:

      ‘It Happened In One Second’: Visa Suddenly Bans Cryptocurrency Cards Leaving One Man Without A Beer
      therealheisenberg / 18 hours ago


      • On January 6, 2018 at 7:04 am,
        Excelsior says:

        The Best in Crypto – 1/5/18
        By Goldfinger on Friday, January 5, 2018 (aggregated articles in the Crypto space)


        • On January 6, 2018 at 7:41 am,
          Excelsior says:

          NASAA Warns Investors About Crypto And ICOs, SEC Approves

          “Today, Jan. 4, the North American Securities Administrators Association (NASAA) released a warning for Main Street investors regarding the risks associated with cryptocurrencies and Initial Coin Offerings (ICOs).”

          “The warning was promptly followed by a statement from the US Securities and Exchange Commission (SEC) that commended and reiterated the NASAA’s message.”

          “The NASAA statement encouraged investors to look “beyond the hype” when considering cryptocurrencies and their derivatives, in order to better understand the associated risks.”

          “Joseph P. Borg, NASAA President and Director of the Alabama Securities Commission, was quoted in the statement saying:”

          “Investors should go beyond the headlines and hype to understand the risks associated with investments in cryptocurrencies, as well as cryptocurrency futures contracts and other financial products where these virtual currencies are linked in some way to the underlying investment.”

          “The NASAA and the SEC made a point of describing how cryptocurrencies are different from “traditional”, or fiat, currencies. Both agencies noted that it is these very differences that make cryptocurrencies high risk. The NASAA statement reads:”

          “Unlike traditional currency, these alternatives have no physical form and typically are not backed by tangible assets. They are not insured or controlled by a central bank or other governmental authority, cannot always be exchanged for other commodities, and are subject to little or no regulation.”


          • On January 6, 2018 at 7:43 am,
            Excelsior says:

            Wall Street Buzz: Merrill Lynch Bans Bitcoin For Its Clients

            By Darryn Pollock – JAN 04, 2018

            “The decision taken by Merrill Lynch prevents roughly 17,000 advisors pitching anything to do with Bitcoin or even executing clients’ request to trade Grayscale Bitcoin Investment Trust (GBTC).”


          • On January 6, 2018 at 1:19 pm,
            bigal says:

            And more red flags keep popping up!

          • On January 6, 2018 at 3:22 pm,
            Excelsior says:

            There are definitely more red flags, a few white flag of companies like Bitconnect being ordered to cease and desist, and a few checkered flags like Ripple the last few weeks that continued to surge. There are so many new companies in the blockchain arena that its a flag fiesta of ever shade, with some bordering on shady.

            At any rate it’s an interesting new sector of insanity, prosperity, calamity, and volatility.

          • On January 7, 2018 at 10:25 pm,
            Excelsior says:

            Bitcoin is crashing relative to Ethereum:

            by @Goldfinger on January 7, 2018


      • On January 6, 2018 at 1:18 pm,
        bigal says:

        And that is why, I am not currently involved in crypto currencies, Excelsior.

        • On January 6, 2018 at 3:19 pm,
          Excelsior says:

          Big Al, I do believe it is an idea whose time has come, but that there will be extreme volatility in the sector as things jostle around, as governments and financial institutions figure out how they are going to regulate things, but that eventually a few new ideas will emerge that change how life operates in transacting with data.

          The blockchain process using the smart ledger and utilizing smart contracts, decentralized processing and verification, etc… is a sea change in business and processes that transact or verify or exchange or trade. Whatever companies that find a meaningful way to deploy this will have an edge.

          It reminds me the most of the tech boom in the late 90’s into the 2000 dot com bust. Out of the ashes of that demolition process came a dozen or so interesting ideas like Google, Amazon, Ebay, etc…

          I’m sure we’ll see a few winning ideas rise to the top, but for now I’m only participating by owning the crypto miner HIVE. I’ve considered adding a 2nd crypto miner as their business models are more like a royalty company with steady increase to revenue stream.

          For now I find the whole process a fascinating journey into human behavior. 😉

          • On January 6, 2018 at 5:27 pm,
            Excelsior says:

            @Goldfinger – “A bull market as strong as $Bitcoin does not drop to zero in a straight line that’s for sure. It’s quite possible it’s in the early stages of a massive topping process, but that topping process will include making a higher high on waning momentum and a higher percentage of public participation. Will take months to hammer out a massive long term top. And this is not a prediction, it’s simply a potential scenario.”

            -> Goldfinger – 6 Jan 2018

          • On January 7, 2018 at 8:27 am,
            Excelsior says:

            Buckle Up: NYSE Files For Leveraged, Inverse Bitcoin ETFs

            “In a move that will certainly not end well for investors, the New York Stock Exchange has asked the SEC to approve five ETFs including 2x leveraged and inverse flavors, linked to Bitcoin futures – which launched in December on the CME amd Cboe, according to a Thursday filing, which is in line with what we said mentioned in August, “we suspect a Bitcoin Futures ETF may actually occur before a Bitcoin ETF.”

            The five “derivative of derivative” funds are as follows:

            – Direxion Daily Bitcoin 1.25X Bull Shares
            – Direxion Daily Bitcoin 1.5X Bull Shares
            – Direxion Daily Bitcoin 2X Bull Shares
            – Direxion Daily Bitcoin 1X Bear Shares
            – Direxion Daily Bitcoin 2X Bear Shares

            “The target Bitcoin benchmark will be calculated as the last sale price published by the CME or CBOE on or before 11:00 a.m. EST, and “should not be expected to track the performance of the target bencvhmark for any period longer than one business day.”

            “Additionally, while each Fund will seek daily correlation to the target benchmark, it should not be expected to track dollar for dollar the spot price of bitcoin because the Fund will invest in Bitcoin Futures Contracts rather than directly in bitcoin, and the spot price movements of bitcoin may not correspond directly to price movements of the Bitcoin Futures Contracts”

            “This means that a 1 percent gain in the price of bitcoin futures would result in a gain of between 1.25% and 2% for the bulish funds, and a 1-2% loss on bear shares, although due to the theta associated with the inherent leverage, the securities will ultimately see their value evaporate over time. ”


          • On January 7, 2018 at 8:00 pm,
            Matthew says:

            Re: “It’s quite possible it’s in the early stages of a massive topping process, but that topping process will include making a higher high on waning momentum and a higher percentage of public participation.” —

            That is a VERY risky assumption to make. I’d say that the public is quite sufficiently involved based on the “caliber” of people that I see promoting it everywhere. In fact, such a chart also says that the dumb money is already very heavily invested. So, everyone who’s willing to buy such a picture, most likely has.

            More importantly, blowoffs aren’t typically followed by a higher high on waning volume. Many tops are, but not blowoff tops. That’s not what we saw with gold in 1980, the nasdaq in 2000, or silver in 2011.

          • On January 7, 2018 at 8:09 pm,
            Excelsior says:

            Matthew – Yeah, I tend to agree that a sufficient enough of the public are involved at this point.

            As for the top, personally I find the most reliable is the double-top, just like the most reliable bottom is the double-bottom (in general). Many of the turns I look for when trading are when a market comes back and tests a high or low one more time. It may slightly exceed the prior level, but it will always be in the general vicinity. If pricing turns there, then it usually is a significant move that follows.

            I’m not saying that is what we’ll see in this case, as the cryptos could keep charging higher and higher as they are in uncharted water. However, if we do see the $20K-$21K level tested again in Bitcoin, and then a retreat, then it could very well mark an intermediate double-top pattern.

          • On January 7, 2018 at 10:03 pm,
            Matthew says:

            My point was just that Goldfinger’s assumption is not supported by history. His wording is quite matter-of-fact when it shouldn’t be.

            A double top is also unlikely when dealing with a popping bubble. Every true bubble that I can think of has ended in a blowoff, not a double top – or anything else for that matter.

          • On January 7, 2018 at 10:09 pm,
            Excelsior says:

            I was just thinking that the US dollar double topped at 101 and 103, Gold Double-bottomed in December of 2015, Oil double-bottomed, etc… Many individual stocks will do the same, but then again, most aren’t doing a crazed blow-off either.

            Maybe in a bubble it will just be a giant blow-off parabola as you mentione due to the extreme nature of the move. I can see you point in an extremely oversold move.

        • On January 7, 2018 at 9:45 am,
          Big Al says:

          Excelsior, it definitely is a very interesting new sector which I am spending quite a bit of time learning about.

          • On January 7, 2018 at 12:13 pm,
            Excelsior says:

            Its hard not to be confronted with cryptos at every turn, or to notice the insane moves in the markets.

            Like Ira said on his video posted somewhere below, the cryptocurrencies and general stock market indexes are like vacuum cleaners sucking up the majority of investments at present.

            It is definitely quite a phenomenon and will be featured in economic books in the future. How it all shakes out is anyone’s guess…. 🙂

    • On January 6, 2018 at 7:03 am,
      OOTB Jerry says:

      Good one……….enjoyed……….that was really funny(really)

      • On January 6, 2018 at 7:05 am,
        OOTB Jerry says:

        Comment to MTF……..

        • On January 6, 2018 at 7:08 am,
          Excelsior says:

          OOTB you didn’t think the guy stranded without a way to pay for his beer when Visa suddenly banned crypto-cards was funny?

          I think it’s funny that for being a “crypto currency” it is so hard to actually find ways to spend the money or transact in the real world at most businesses or pay for most services. 🙂

          • On January 6, 2018 at 7:13 am,
            OOTB Jerry says:

            Have not seen it yet………

          • On January 6, 2018 at 7:15 am,
            GH says:

            ‘Crypto’ in more than one sense, I guess.

          • On January 6, 2018 at 7:17 am,
            OOTB Jerry says:

            A lot of wealth , is going to be transferred………by failure of these cryptos……..jmo

          • On January 6, 2018 at 7:20 am,
            OOTB Jerry says:

            Never funny, when you can not buy a beer……………..lol

          • On January 6, 2018 at 7:21 am,
            OOTB Jerry says:

            Just ask IRISH……………

          • On January 6, 2018 at 7:35 am,
            Excelsior says:

            “Never funny, when you can not buy a beer……………..lol”

            Yes, that is a valid point OOTB. 🙂

            GH – good point.

          • On January 6, 2018 at 9:56 am,
            b says:

            I read the other day (think I posted) that banks in Australia froze all the accounts that were suspected of trading in Bitcoin.
            Rickards warned about this kind of thing happening a year ago?

            Online is risky, ya never know what a bank broker etc is going to decide to do.
            Without notice a person can lose 100%
            That doesnt include the hacking risks.

            We live in a risky world.

          • On January 6, 2018 at 12:27 pm,
            JMiller says:


            In Australia, they actually did not freeze bank accounts because of Bitcoin transactions. They notified bank account owners that their account will be closed.

          • On January 6, 2018 at 3:13 pm,
            b says:

            Bitcoin investors claim the big four banks are freezing their accounts …
            7 days ago – Bitcoin investors are claiming Australia’s banks are freezing their accounts and transfers to cryptocurrency exchanges, with a viral tweet slamming the big … name Bitcoin Babe, said she had business accounts closed by 30 banks and posted a picture of a letter from ANZ, saying it was closing her accounts …

            Maybe not, but something was happening, internet financial is risky. no fun to deposit a few 100k in bitcoin sales into a bank that freezes or closes the account.
            Even if just one bitcoin, a person still has all the hassle of changing banks….that could close.

    • On January 6, 2018 at 9:07 am,
      Dick Tracy says:

      The CDN bank that I trade with also put out a notice yesterday that they would no longer be dealing with crypto currencies, the chickens are coming home to roost. Anyone who didn’t see this coming had to be brain dead. Who would possibly think that the banks would give up there entitlement. DT

  3. On January 6, 2018 at 7:02 am,
    Excelsior says:

    Tepid Jobs Numbers Do Not Slow Down the Dow

    Gary Wagner – January 5, 2018 #VIDEO #TechnicalAnalysis #Gold #DOW #Bitcoin


    • On January 6, 2018 at 7:12 am,
      Excelsior says:

      Gold Rally: Harami Candlesticks Suggest Pause
      Morris Hubbartt – Super Force #PreciousMetals #TechnicalAnalysis
      posted Jan 5, 2018

      SFS Key #Charts & #Video Update


    • On January 6, 2018 at 6:58 pm,
      Excelsior says:

      Gold Market Themes for 2018

      Arkadiusz Sieron – Jan 3, 2018


      • On January 6, 2018 at 7:03 pm,
        Excelsior says:

        Gold-Stock Upside Huge

        Adam Hamilton – Jan 05, 2018

        “The bottom line is gold-stock upside potential is huge in 2018. The gold miners really lagged gold last year due to the extreme stock euphoria gutting gold sentiment. That left gold stocks deeply out of favor and exceedingly cheap relative to the metal which drives their profits. This extreme anomaly won’t last for long, as investors will flood back into these fundamental bargains as gold starts powering higher again.”

        “Gold investment demand is set to surge again when these euphoric stock markets inevitably roll over into their next major selloff. The likely trigger will be massive central-bank tightening at wildly-unprecedented levels. The last time stock markets corrected, gold shot up almost a third while gold stocks nearly tripled in merely a half-year! 2018 is perfectly set up for a similar scenario, portending massive gold-stock gains.”


        • On January 6, 2018 at 7:05 pm,
          Excelsior says:

          2018 Gold Outlook
          January 2, 2018 / by Peter Brandt

          “I believe there is a good chance that the precious metals will be an outstanding asset class in 2018 – Gold could outperform Bitcoin in the year ahead. The monthly Gold chart is shown to provide some historic perspective. Notice that the market is still finding its footing after the 2012 violation of its parabolic advance…”


  4. On January 6, 2018 at 7:11 am,
    Chris says:

    I know nothing about Blockchain or DLP’s so really enjoyed this long read by Erik Townsend. If you are like me you may find it of interest.
    Thanks to Al and Cory for all you do!

    • On January 7, 2018 at 10:53 am,
      Ebolan says:

      Thanks for the post. I’d like to hear what Jimmy Song has to say about that article and I wonder how many Orwells it will take to buy an once of silver. 🙂

      But seriously, I would have to agree that gooberments will not tolerate crypto currency unless its their cryptos and then that would give them even more control over us. Just part of the evolution to get rid of cash.

  5. On January 6, 2018 at 7:25 am,
    OOTB Jerry says:
    • On January 6, 2018 at 7:26 am,
      OOTB Jerry says:

      We take Bitcoin…….sign on Real Estate Office…in VC,

  6. On January 6, 2018 at 7:44 am,
    OOTB Jerry says:
  7. On January 6, 2018 at 8:50 am,
    OOTB Jerry says:
  8. On January 6, 2018 at 11:14 am,
    Markedtofuture says:

    Americans Are Ditching These Five States In Record Numbers

    Apparently surging violent crime, massive tax hikes and insolvent public pensions are bad for attracting new residents…who knew? On the other hand, 364 days of sunshine per year, minimal crime, brand new infrastructure and some of the lowest tax rates in the country seems to be, to our complete shock, somewhat appealing to folks looking to relocate.

    But that is just a couple of many interesting takeaways to be gleaned from the latest annual “U.S. Migration Report” from North American Moving Services which found that Illinois was the most ditched state in 2017.


  9. On January 6, 2018 at 11:15 am,
    Markedtofuture says:

    Iran’s Former President Mahmoud Ahmadinejad Arrested For Inciting Unrest: Report

    The London-based Arabic daily newspaper Al-Quds Al-Arabi reports this morning that former Iranian president Mahmoud Ahmadinejad has been arrested by security forces for allegedly inciting unrest against the government, according to “reliable sources in Tehran.”


  10. On January 6, 2018 at 1:19 pm,
    Matthew says:

    We have a new weekly MACD buy signal for gold and it might be a good sign that gold finished the first week of the year above the highest monthly close of 2017.


  11. On January 6, 2018 at 1:19 pm,
    russell s hamilton says:

    Here i go again . Last year i predicted that TRUMPET would resign or be impeached in his first year. This year i predict that he will resign [or be impeached] before the end of 2018. resignation is much more likely, if as he sees impeachment looming he will claim a health issue or need to SAVE HIS BUSINESS . Why do both partys nominate old men instead of a 40 or 50 year olds ?? pray Scott

    • On January 6, 2018 at 1:30 pm,
      Markedtofuture says:


      PART ONE: In this video I confirm one of the Qanon team players and get deeper into the P_ence connection to pedogate. The deep state is on the run but the Trump Team is smarter, faster and has all of US on their side! I will post PART TWO ASAP. Think, UNITED NATIONS!


      • On January 6, 2018 at 2:45 pm,
        Matthew says:

        “We’re coming back to truth and the end of propaganda in this country.” – How can anyone be so naive?

        Also, Peter Thiel invested $15M-$20M in bitcoin and that’s supposed to be good news? The investment happened when BC was much, much lower and we don’t know how much of it was his and not his clients’ — but even if we assume that all of it was his, it only represents 0.6 to 0.8 percent of his fortune.

        • On January 6, 2018 at 4:08 pm,
          Markedtofuture says:

          Ortel has a good handle on the back half of the shell games.

          Here’s Why There’s No More Free Passes For The Clinton Foundation

          A new Department of Justice probe of the email and charity fraud scandals won’t end well for Bill or Hillary…

          Until recently, the Clinton Foundation has been monitored by the IRS, the Department of Justice, and the FBI, and multiple state government authorities that are seeded with persons loyal to either the Clintons or the Obamas.


          • On January 7, 2018 at 10:02 am,
            PF says:

            The Clinton Foundation has done more to help people around the world than the Trump Foundation

          • On January 7, 2018 at 12:31 pm,
            Matthew says:

            PF, how do you breath with your head so deep in the sand?

  12. On January 6, 2018 at 1:22 pm,
    Matthew says:
  13. On January 6, 2018 at 2:55 pm,
    bonzo barzini says:

    I was happy to read in the new Barron’s that 6 insiders at MUX recently bought more shares. I don’t care how hard Big Al pounds the table, I’m not selling my MUX to buy Bitcoins.

    • On January 6, 2018 at 3:05 pm,
      Excelsior says:

      Bonzo Barzini – I’m with ya on the MUX choo-choo train. I’m still pissed at Primero for selling the Black Fox mine right as it finally was turning profitable, and after spending a fortune on optimizing everything. Now McEwen Mining got it for a song and dance and I believe it will help them surprise the market to the upside once 2018 gets chugging along. Also, MUX is helping process the ore from one of the newest Gold producers — Sage Gold (SGX)(SGGDF) in their mill and have another profit center doing that tolling. I have a small position in Sage Gold, and hope down the road that Rob just buys SGX and brings them into the family…. 🙂

      • On January 6, 2018 at 4:55 pm,
        Excelsior says:

        (SGX) (SGGDF) Sage Gold Clavos Gold Mine Update

        by @marketwired on January 5, 2018

        “To date, the Company has completed three mill runs between October and December 2017, as part of its bulk sampling program, yielding approximately 790 ounces of gold. The material processed so far, primarily represents lower grade pre-stope development rock mined by Sage Gold as well as broken rock left by the previous operator. Stope mining of in-situ mineralized material at the higher grades as outlined in the Preliminary Economic Assessment (“PEA”) has not yet commenced. It is anticipated that there will be a further mill run during the month of January 2018.”

        “Underground drilling, blasting and the transport of mineralized material to surface is continuing on the 150 west, 150 east and 200 east meter levels (“mL”). Mining activities are directed to developing and extracting mineralized blocks associated with stope blocks identified in the PEA. To date, on the 150 west mL, development and mining activities have accessed both hangingwall and footwall PEA stope blocks. ”

        “The Clavos mine is 90% dewatered but requires additional electrical infrastructure to access levels below the 200 mL. This infrastructure is being sourced. The grade x thickness model (see news release of May 13, 2017) illustrates that the highest grade x thickness intersections occur below the 200 mL.”

      • On January 7, 2018 at 2:48 pm,
        bonzo barzini says:

        I’m sure Rob Mc won’t overpay for anything.

        • On January 7, 2018 at 2:50 pm,
          bonzo barzini says:

          Barron’s also had an article on gold and liked AEM, GG, and NEM.

        • On January 7, 2018 at 3:16 pm,
          Excelsior says:

          Agreed. Rob picked up that Black Fox mine & mill from Primero for about 1/10th of what they paid for it in acquisition, exploration, and development expenditures. While I lost some on that mine with Primero, I plan on making it up with MUX on the way up in the metals this next leg up.

          • On January 7, 2018 at 11:48 pm,
            bonzo barzini says:

            Me too. I sold most of my Primero last month for a tax loss but hope to make it back on MUX.

    • On January 6, 2018 at 3:07 pm,
      Excelsior says:

      BTW – bonzo barzini – Speaking of Barron’s…….

      Commodities: The Next Hot Investment?
      After a lost decade, hard assets may finally have a place in your portfolio again.
      By Michael Kahn Jan. 4, 2018 – Barron’s


    • On January 7, 2018 at 12:09 pm,
      Excelsior says:

      China just discovered over 110 million tons of Silver
      January 7, 2018


  14. On January 6, 2018 at 4:02 pm,
    Excelsior says:

    Paper gold trading days for London & New York numbered
    6 Jan, 2018

    “The last three days have reconfirmed my commitment to a much higher gold price in 2018. We are making higher lows for the year – the recent behavior made me nervous, but something very telling happened in the last three days,” Lanci said in a December interview with The Street.”


    • On January 6, 2018 at 4:09 pm,
      Excelsior says:

      Casey Report to blame for Aurania surge
      January 05, 2018 – By AlphaMining

      “Further to yesterday’s post, which speculated that James Dines caused the sudden surge in the price of Aurania Resources’ shares (TSXV:ARU), it turns out that it was the Casey Report. Author E.B. Tucker raised the “buy-up-to-price” for ARU to $15. WTF E.B.?!?! Why would you tell your followers to buy up to that ridiculous level? Unless you think there is imminent news about a major discovery, why not recommend accumulation of stock at current prices and then to buy on dips? You even state in your article that ARU shares are tightly held, with insiders controlling 70% of the stock. That does not seem like a good way to make your subscribers money.”

      “In an interesting twist, Aurania issued a news release on Friday afternoon commenting on the increased market activity and linking it to the Casey Report article. The “company is not aware of undisclosed material information” news releases are useless. It is a breath of fresh air to see a company actually comment with useful information. Well done Aurania!”


  15. On January 6, 2018 at 4:05 pm,
    Excelsior says:

    For the last 3 months we’ve seen a “Stealth Rally” start up in the #Uranium stocks (like we normally do in November and December into the 1st quarter and is exactly what we discussed back in the fall would happen with Uranium miners in mid Nov for a few months).

    In the last 2 months, most stocks have outperformed what most general equities funds will do all year. #NotTooShabby for such a hated and misunderstood sector.

    > 3 month #Chart of Uranium Stocks:



    • On January 6, 2018 at 4:06 pm,
      Excelsior says:

      These Canadian Cleantech stocks will go up in 2018, analyst say
      JANUARY 6, 2018 – by Nick Waddell


      • On January 6, 2018 at 5:53 pm,
        Excelsior says:

        Can We Afford Renewable Energy?

        Sat, 01/06/2018

        “In other words, when push came to shove the willingness to pay for a “green” premium was not there – even in one of the most environmentally conscious countries in the world. This stunned us at the time.”

        “Making green energy affordable is a real challenge since it faces a number of constraints that drive up its cost especially in relation to fossil fuels, which remain society’s lowest common energy denominator (current biofuel production itself depends at various points on fossil fuel availability). This cost disadvantage is particularly evident in a related – and far less elastic – energy sector: renewable power.”

        “This relates to the production of electricity as opposed to transport, although progress in electric vehicle technology is gradually merging the two (very gradually in fact). Since the turn of this century much of the expansion of this sector across Europe has centered on wind and solar (photovoltaic) energy. This was part of the Old Continent’s efforts to become less dependent on foreign sources and meet its carbon reduction goals.”

        “The graph above shows the substantial growth in renewable power in Germany in recent years. Impressive indeed. What is perhaps less obvious is the impact of all that investment in new energy sources on electricity prices.”

        “And that is what the graph above investigates, correlating installed wind and solar capacity per capita with household electricity prices… Germany and Denmark stand out again, this time in terms of high electricity prices.”

        * Renewable power is expensive. Quite expensive in fact.

        “As a result, using current technologies governments are forced to make a choice between expanding their domestic production of wind and solar or having cheap electricity. There are no two ways about it.”

        “This is based on the results for Europe, but there is little reason to believe this would be largely different elsewhere. In the US, for example, it is no secret that “coal country” states offer much cheaper electricity prices than “green” states like California.”

        “So can we afford renewable energy?”

        “The answer, as always, depends on how rich you are.”


        • On January 7, 2018 at 10:31 pm,
          Excelsior says:

          Here is what’s holding back China’s plans for world domination
          Guest post By David Archibald

          “There is no doubt that China wants to subjugate Asia, echoing Japan’s role during World War II. For those who think China’s economy might overtake the United States economy, and thus make China a more formidable adversary, this article aims to provide detail on China’s main constraint in that ambition: that its domestic coal production is near its peak and will then go into long-term decline.”

          “Even if China can keep its energy supply constant with an accelerated expansion of its nuclear power sector, the cost of producing coal from deeper mines will mean that the costs of industrial production will rise due to higher feedstock costs.”

          “One of the reasons that China produces the world’s cheapest solar panels, for example, is because it has some of the world’s cheapest coal-fired power. German solar panel-producers are hobbled by that country’s energiewende, which, translated from the German, means the miracle required to replace coal and nuclear power with sunbeams and breezes and still have a functioning economy.”


  16. On January 6, 2018 at 4:15 pm,
    Excelsior says:

    Video Update: Is Correlation Between Gold & Bonds Changing?

    by @TheDailyGold on January 4, 2018

    “Recently Gold and long-term bond prices have trended in the same direction. When bond yields declined, Gold gained. However, in the past few months Gold has held up well and performed as long-term bond prices move towards a potential major breakdown.”


    • On January 6, 2018 at 5:39 pm,
      Excelsior says:

      Jordan makes a good point that inflation could outpace the Fed’s rising of rates. Things may really get interesting in this area, especially when paired with the Dollar weakness.

  17. On January 6, 2018 at 5:24 pm,
    Excelsior says:

    The Eurodollar Market: It All Starts Here

    Capitalist Exploits – Dec 02 2016


  18. On January 6, 2018 at 5:26 pm,
    RJ says:

    Al, I just have to say something regard to your constant bashing of Trump’s ability to communicate effectively. NOTHING coud be further from the truthI can assure you that there is an overwhelming number of people that disagree with you, including myself. I can only assume that living near Seattle you are surrounded by either never Trump RINO’s or outright socialists on the left. To each his own Al, but you have pegged Trump totally wrong on this issue, and it makes you look foolish except maybe to those in your own echo chamber.

  19. On January 6, 2018 at 6:21 pm,
    Markedtofuture says:

    The Unknown Geologist Introduces Bob Moriarty to the Goldoboro Project $ANX


    • On January 7, 2018 at 8:13 am,
      Excelsior says:

      Revisiting Anaconda Mining $ANX First Five Holes from Goldboro

      by @Newton on January 7, 2018

      “When Anaconda Mining (TSX:ANX) reported their first results from Goldboro last summer, one hole stood out in particular with bonanza gold grades near surface: +2,500 grams per tonne over 0.5 meters starting at 33 meters. That is exciting stuff, but what is arguably more important is the sheer number of mineralized zones in that and other holes. The significance of all these mineralized intercepts is starting to become clear to me after conversations with Unknown Geologist where he has described the challenge facing Anaconda with the large number of targets at Goldboro.”

      “It’s great that Anaconda hit one such shoot near-surface in their first holes, but there have been other similar intercepts at Goldboro in the past and they remain isolated dots of high-grade in the resource model. Watch for Anaconda to start connecting some of these dots as they trace these shoots up and down the belts to start establishing some high-grade tonnage at Goldboro — just what they need to fill some of the spare capacity in the Pine Cove Mill.”


  20. On January 6, 2018 at 6:31 pm,
    Ebolan says:

    You boys NEED to listen to this! Very Important…


    Mr. Big Al Korelin, can you get Ortel on your show??? If not, why? This is huuuuge!

    • On January 6, 2018 at 6:32 pm,
      Ebolan says:
      • On January 6, 2018 at 6:33 pm,
        Ebolan says:

        Unbelievable corruption…

    • On January 6, 2018 at 6:57 pm,
      OOTB Jerry says:

      Thanks for the report………… Clintons need to be held accountable for ALL their actions.

      • On January 6, 2018 at 6:59 pm,
        OOTB Jerry says:

        Claw back the FUNDS of all the Clintons and their donors ………..hit um where it hurts.

        • On January 6, 2018 at 7:04 pm,
          OOTB Jerry says:

          Hope they go after the phony Gate’s Foundation….pay off the National Debt.

          • On January 6, 2018 at 7:29 pm,
            Ebolan says:

            I tell you, Jerry, I can’t imagine Bill or Hillary spending a second in prison or even being forced to return a penny of their ill gotten gains. I think the corruption runs so deep and broad that it would bring down too many other very powerful people if anything happened to the Clintons. But I hope I am very wrong.

          • On January 6, 2018 at 7:34 pm,
            OOTB Jerry says:

            I think the Clintons are going down……just because there are others above them, that do not want the exposure….The Clintons are little people compared to the Rothchilds and the cabal, money changing scum bags that do not want the exposure.

          • On January 6, 2018 at 9:38 pm,
            CFS says:

            The statute of limitations will run out before Sessions ever gets his ass in gear.

            Where the Clinton’s are vulnerable, however, is the use of their Foundation to evade taxation.
            The IRS are the folks that NEED to go after the crooked Clintons.

        • On January 6, 2018 at 7:24 pm,
          OOTB Jerry says:
          • On January 6, 2018 at 7:26 pm,
            OOTB Jerry says:

            Multinational Fraud scheme……..Gitmo get ready to receive the criminals of the century….

          • On January 6, 2018 at 7:40 pm,
            Ebolan says:

            Hard to believe that CNN would publish that…wonder if those reporters still have jobs.

      • On January 6, 2018 at 7:25 pm,
        Ebolan says:

        You’re welcome, Jerry. And congratulations for the mention on Greg’s show.


        • On January 6, 2018 at 7:28 pm,
          OOTB Jerry says:

          I wish I could take credit…..but, there must be another Jerry that is active ….but, thanks for the thought…………….OOTB J

          • On January 6, 2018 at 7:30 pm,
            OOTB Jerry says:

            appreciate you for your post on ORTEL…….The guy is spot on…….Wish Owl would get this guy on …..For more exposure……..He needs a Lot of Help exposing the scum bags….

  21. On January 6, 2018 at 7:38 pm,
    brian says:


    I’m trying to find a rule-of-thumb (back-of the-napkin calculation) that would let me know whether a deposit is economical, based on the current metal prices (Au, Ag, Cu, Zn, Pb)

    I have a reference for calculating the $/tonne or % in the rock, but NO way to know if it is economically feasible (i.e, would be bought by a major)

    An example question would be:
    Underground mine in Canada (let’s say Quebec) with 100 g/t silver with 2% zinc and 1% lead credits. Assuming the size of the resource is over 25M ounces of Silver Equivalent ounces, could it be an economical mine with silver = =$US 17 per ounce?

    I have searched everywhere, but maybe this is the question everybody needs to know?

    • On January 7, 2018 at 6:09 am,
      Excelsior says:

      Brian, it it more complicated that uses grams per ton, the resource size and the commodity prices because there are so many other variables that affect economics. This is exactly why “turd collectors” like First Mining Finance or Gold Mining Inc are leading investors astray by only focusing on their price of acquisition for ounces in the ground only.

      There are permitting costs/timelines, tax issues, water access, dewatering/pumping costs, transportation costs to the nearest mill, or the capital required to build a mill onsite, and a big one is fuel/energy costs. Is there power onsite? or does the power have to be run off diesel generators? Do they have a small nat gas plant or solar array to assist with battery backup? Is their hydro dam power they can access? (etc….).

      Then you have to ask is this a near surface lower grade Oxide deposit that will be heap leach, or is this deposit a higher grade, underground mine that will need conventional grinding, milling, floatation circuits? How deep do they have to tunnel and build the incline to access the ore, and what kind of rock do they have to build out underground with (and how stable is it, which will determine the mining method).

      Lastly, what are the recovery rates of the metals desired when they did their metallurgical testing? Are there any smelter credits (like Zinc, Lead, Copper) to assist in making the economics more attractive? Are there any smelter penalities like arsenic, manganese, mercury, etc… that may hurt the concentrate?

      There are so many variables on whether a mine will be economic, where & how they will process the ore, how deep it is, and what the metal recovery dynamics are.

      To simply calculate ounces in the ground with the current metals price will not properly show investors what the true economics are, and this is why it is so important to see a companies Preliminary Economic Assessment, Pre-Feasibility Study, and Feasibility Study, to know if they are completely full of bull$hit, or if the company and management team actually has a realistic assessment of their costs and economics.

      Mining is a very tough business, with many variables that effect profitability. Finding resources is just the very first step. The real magic is when a company figures out how to economically extract them at a profit. 🙂

      • On January 7, 2018 at 6:29 am,
        Excelsior says:

        My rule of thumb is if it is underground then I want some really high grade like what we see with Alexco or Excellon, but I also want to see power, water, depth, processing, metal recovery rates, and whether they have a clean or dirty concentrate.

        If it is open pit with lower grade, then I want some some size and room for expansion beyond the initial pit shell, or I want to see higher than average grades for heap leach. For example many Gold heap leach projects average 1-2 g/t gold, but when I saw Mexus was averaging 3-4 g/t on their heap leach, that is the kind of thing that should stand out as unique. MXSG has operating costs near $450 an ounce and about double the grade of most projects. THAT is something one can sink their teeth into as a project that will be economic.

        > * One other variable I forgot to mention above is crucial. What is the debt burden of the company that wants to take a deposit into production?

        Some debt is fine and expected, but if the debt burder is too great, then this compounding interest will continually erode the economics of the deposit. This can eventually cause the company to take drastic action to get the debt monkey off their back (like Primero had to do in 2017 and they aren’t done yet). Ultimately, the debt issue can destroy what would have been an excellent deposit, and you’ll see a company languish that goes into production, or fail and have a fire sale where another company gets to reap the rewards of the prior companies poor management.

        >> One last consideration is are there any streaming deal, royalty payments, or JV requirements where a percentage of the metals mined belong to another party?

        Not every company owns 100% of their project free and clear, (in fact that is more the exception now than the rule). Most companies have sold part of their forward production to a streamer, JV partner, strategic investor, or owe royalty payments because they needed access the money earlier on in exploration development. Sometimes it is because they did an acquisition where another party keeps partial interest & exposure, but that needs to be taken into account as the company one wants to invest in doesn’t usually get to keep all their production from a mine. 😉

        These are all important considerations when trying assess how economic a mine will be for a company, and it is exactly why only 1 in 3000 deposits stake ever make it to become an economic mine. It is also why I believe looking at the fundamental data, watching press releases, and reviewing the PEA, PFS, FS is crucial to knowing whether a mine or a company has a solid chance. Just using TA won’t tell you any of that, and if a bad news release drops on the market (when reality strikes) then a waterfall sell-off can happen that catches most investors off guard.

        It is also why I personally often bet on the more boring known Producers or Developers rather than fly-by-night Explorers. Explorers offer the most explosive gains, if they are hitting pay dirt, but it can be fleeting when the marketplace digests all the other variables that need to be considered (as mentioned above). If promoters were honest they’d remind readers that an Explorer has such extremely small odds of ever finding a deposit that a larger company will want to develop, build, and mine. Period.


        • On January 7, 2018 at 6:33 am,
          Excelsior says:

          Bottom line: It is NEVER as simple as grade & ounces x metals price.

          If a company is only touting those metrics as their value proposition, then run for the exit doors.

          • On January 7, 2018 at 7:00 am,
            OOTB Jerry says:

            Great answer…………IMO of course…………

          • On January 7, 2018 at 7:05 am,
            Excelsior says:

            As an investor in resource stocks, it takes a lot of work to really understand whether and explorer really has something on their hands. We all to some degree have to learn what we can about geology, or have people with a geological background assist in weeding out the good, the bad, and the ugly. The problem is that many dismiss good projects to soon that get a tarnished name and end up being good mines, or they get behind a project that ends up blowing up. This is a very difficult business, and every company believes that they have the goods.

            ** So often a mining stock really starts like all other companies; jostling for it’s identity and narrative to sell to institutional and retail investors. Once it captures the minds of newsletter writers and investors, then there is no telling how far it can climb on this narrative before returning to reality when the drill assays come out. It becomes the madness of crowds, and can be extremely profitable if one buys early and sells inton the frenzy.

            *** As we saw in 2017 with Arizona Silver, GT Gold, Novo Resources, Garibaldi Resources, or just in the last few weeks with New Nadina Explorations ………. many investors get caught up in a speculative frenzy where realistic expectations are thrown out the window on share price valuation, so that the narrative can be pushed to the fullest. All of those companies spiked up to unimaginable valuations before the freakin’ drill assays even came back. As you can see, all of them made a round-trip when reality set in and they came back to more sane valuations again.

            Depending on where investors positioned, either fortunes were made or fortunes where lost (except for the poor fools that had huge gains and watched them all erode back down to where they started…. nothing feels worse than that and why I’d rather trim early and make a profit than watch the profit return to nothing).

            Next the companies with solid substantiated results with the drill bit, keep drilling, keep raising money, and keep diluting shareholders to show they really have a nice growing deposit. Different commodities have their own benchmarks, but for example: Once a Gold deposit has a 1-2 million ounce deposit, that is enough for most to start permitting, doing community work on the social contract, doing metallurical studies on their ore, and estimating what the economics will be based on how they will process the ore, what are their onsite energy costs & water costs, where they will process the ore (on-site? or will it have to be hauled to another mill and then processed there for a fee?), what penalties in extra power water mine-site requirements, mining method advantages/disadvantages, or permitting red flags, or metallurgical penalties are there in front of this company?

            It is at that stage that a company graduates from being merely and Explorer to being a Developer. Typically the (PEA) Preliminary Economic Assessment is the first major step in a company declaring to the marketplace their report on all of these factors. Really until that is known, it is very difficult to even say whether a deposit is minable at all…… much less, whether it is the size, grade, scalability, and profitability that a Major would even want.

            ***** BTW – The other problem is that 90% of the PEAs are bull$hit, wishful thinking, and stretch reality on the ideal scenario, on metal price assumptions, and are typically too low on true costs for building the mine, mining method, fuel costs, AISC, and almost always believe they’ll get permitted faster than they do. 🙂

            If we take what companies give us on their PEA and then adjust for the overly optimistic scenario and knock it down by 5-20% , then we can still see if a company is really on to something, or if they fall more into the “Optionality” category.

            An Optionality play can be for a company that needs metals prices like Silver @$18-$20 or it could be a company needs Silver @ $28-$30. That is a lot different for when each company will become economic, so that should also be considered. Optionality really means “Not economic at current prices” 🙂

            Sometimes the optionality stories do allow one to position while a stock is forgotten, hated, or discarded, and then ride it back up as metals prices improve.

            The other strategy is to go for companies that are economic at current prices.

            Either process works and is profitable. Good trading to the whole KER crew in 2018!

          • On January 7, 2018 at 7:10 am,
            Excelsior says:

            P.S. – Sorry about the spelling errors. I type 160 wpm but often it turns out as gibberish.

          • On January 7, 2018 at 7:19 am,
            Excelsior says:

            Thanks OOTB.

          • On January 7, 2018 at 9:24 am,
            OOTB Jerry says:

            Your are welcome………Ex….

          • On January 7, 2018 at 9:25 am,
            OOTB Jerry says:

            you not your…..

          • On January 7, 2018 at 6:50 pm,
            Excelsior says:

            you’re too kind 😮

      • On January 7, 2018 at 1:37 pm,
        brian says:

        Just got onto KER today.

        WOW ! THis is really great stuff. I actually will copy and paste this to a Word file and save for later reading as I research companies.

        Wouldn’t it be great if there was an AI that could use your checklist to predict probability o mining success, as each new variable is added (and each activity is checked off as successful or failure)?

        • On January 7, 2018 at 3:27 pm,
          Excelsior says:

          Thanks Brian. If you develop the AI program, then please let us know. Right now most of the mining industry is just sing the “Russian Roulette” process and praying the next chamber is empty and not a Silver bullet that kills their deal. (lol)

          For now at least we have Doug Casey’s 8 (P)’s:


          The Eight Ps of Resource Stock Evaluation
          By Doug Casey, Chairman, Casey Research



          • On January 7, 2018 at 3:34 pm,
            Excelsior says:

            I think another (P) for Power Requirement should be added, (P) for processing [open pit heap leach or undeground with mill & floatation?]. In addition I think he needs to add a (R/S) for Royalty or Stream, a (D) for Debt levels, a (W) for water needed to mine / or de-watering of the mine, a(M) for Metallurgy, another (M) for Mining Method, and another (M) for Milling [on-site, or is it hauled to another mine to process?], a (T) for Taxation, and a (P/O) is it Profitable at today’s prices or is it an Optionality play for higher prices?

          • On January 7, 2018 at 3:39 pm,
            Excelsior says:

            Thank goodness that Louis encapsulated 9 of Doug Casey’s secrets to apply in the interim.


            Doug Casey’s 9 Secrets for Successful Speculation

            By Louis James, editor, International Speculator – May 15 2017

            Secret #1: Contrarianism takes courage.
            Secret #2: Success takes discipline.
            Secret #3: Analysis over emotion.
            Secret #4: Trust your gut.
            Secret #5: Assume Bulshytt.
            Secret #6: The trend is your friend.
            Secret #7: Only speculate with money you can afford to lose.
            Secret #8: Stack the odds in your favor.
            Secret #9: You can’t kiss all the girls.


  22. On January 7, 2018 at 8:29 am,
    OOTB Jerry says:

    Wild and crazy coming to a market near you……………

  23. On January 7, 2018 at 8:32 am,
    b says:

    Israel considers launching crypto-shekel to replace cash — RT Business News

    For several months the Bank of Israel has been considering issuing a state-sponsored virtual currency, reports the Jerusalem Post. The digital shekel will be identical in value to the traditional…


    According to an unnamed Israeli finance official, the digital shekel will record every transaction by mobile phone. It will allow the Israeli government to reduce the amount of cash in circulation to fight tax evasion and money laundering. The so-called black economy in Israel accounts for 22 percent of the country’s GDP, statistics showed.

  24. On January 7, 2018 at 8:55 am,
    Wolfster says:

    With ethereum hitting new highs around $1140 will it eventually lead to an increase in v.hive???

    • On January 7, 2018 at 10:46 am,
      Excelsior says:

      One would think so, since currently HIVE is primarily mining Ethereum. We’ll see this next week.

    • On January 7, 2018 at 12:17 pm,
      Excelsior says:

      Wolfster – BTW – I’ve been building a pot stocks watchlist, and think I have most of the bigger names, but please let me know if there are a few you know of that should be added to the list. Cheers!

      (XXII) – 22nd Century Group Inc
      (ATT) – Abattis Bioceuticals Inc
      (ABCN) – ABcann Global Corp
      (ASP.TO) – Acerus Pharmaceuticals
      (AHG) – Alternate Health Corp
      (ACG) – Alliance Growers Corp
      (AMMJ) – American Cannabis Company
      (ACB) (ACBFF) – Aurora Cannabis Inc
      (APH) – Aphria Inc
      (ARNA) – Arena Pharmaceuticals Inc
      (BE) (BLEVF) – BeLeave Inc
      (CHV ) – Canada House Wellness Group Inc
      (CNBX) – Cannabics Pharmaceuticals Inc
      (CBDS) – Cannabis Sativa Inc
      (CBW) – Cannabis Wheaton Income Corp
      (BLO) – Cannabix Technologies Inc
      (CRZ.CN) (CNNRF) – CannaRoyalty
      (CMED) (CMMDF) – CanniMed Therapeutics Inc
      (TRST) – CannTrust Holdings Inc
      (WEED) – Canopy Growth Corp
      (CGOC) –
      (CHOO) – Choom Holdings Inc
      (MJN ) – Cronos Group Inc
      (NINE) – Delta 9 Cannabis Inc
      (DIGP) – DigiPath Inc
      (EMC) – Emblem Corp
      (EMH) – Emerald Health Therapeutics Inc
      (EVIO) – EVIO Inc.
      (CALI.CN) – FinCanna
      (TGIF) (TGIFF) – Friday Night Inc
      (FFT.CN) (FFRMF) – Future Farm Technologies
      (CANN) – General Cannabis Corp
      (GLLA) – Gilla Inc.
      (GIMA) – GIMA TT [still private]
      (GLH) (GLDFF) – Golden Leaf Holdings
      (APP) – Global Cannabis Applications Corp / (FUAPH) – Fundamental Applications Corp
      (GBLX) – GrowBlox Sciences Inc
      (GRWG) – GrowGeneration
      (GWPH) – GW Pharmaceuticals Plc
      (HVST) – Harvest One Cannabis Inc
      (HS) – HealthSpace Data Systems Ltd
      (IAN) – iAnthus Capital Holdings Inc
      (ICC) – ICC Labs
      (IAN) (ITHUF) – iAnthus Capital Holdings Inc
      (IN) – InMed Pharmaceuticals
      (INSY) – INSYS Therapeutics Inc
      (ISOL) – Isodiol International Inc
      (KALY) – Kalytera Therapeutics Inc
      (KSHB) – Kush Bottles
      (LHS) – Liberty Health Sciences Inc
      (LDS) (LDSYF) – Lifestyle Delivery Systems
      (MGW) – Maple Leaf Green World Inc
      (MDM.CN) (MRPHF) – Marapharm Ventures
      (MARI) (MRRCF) – Maricann Group Inc
      (MMJ) – Matica Enterprises
      (MCIG) – mCig Inc
      (MJNA) – Medical Marijuana Inc
      (MDCL) – Medicine Man Technologies
      (LEAF ) – MedReleaf Corp
      (MPX) (BCC) – MPX Bioceutical Corp
      (MYM) – MYM Neutraceuticals Inc
      (N) (NXTTF) – Namaste Technologies Inc
      (NMUS) – Nemus Bioscience Inc
      (NSP) – Naturally Splendid Enterprises Ltd
      (EAT) (SPLIF) – Nutritional High International Inc
      (OGI) – OrganiGram Holdings Inc
      (OWCP) – OWC Pharmaceutical Research Corp
      (VIDA) – PhiVida Holdings Inc
      (RVV) – Revive Therapeutics Inc
      (THC) – THC Biomed International Ltd
      (THCX) – The Hydropothecary Corp
      (TRTC) – Terra Tech Corp
      (FIRE) – The Supreme Cannabis Co Inc
      (TNY) – The Tinley Beverage Co Inc
      (TPB) – Turning Point Brands Inc
      (CNAB) – United Cannabis Corp
      (VGW) – Valens Groworks Corp
      (VIR) – Viridium Pacific Group Ltd
      (WMD) – WeedMD Inc
      (PUF) – Weed Points Loyalty Inc
      (ZDPY) – Zoned Properties Inc

      • On January 7, 2018 at 12:18 pm,
        Excelsior says:

        I haven’t had time to add in all the OTC listings yet, but am working on it.

      • On January 7, 2018 at 1:15 pm,
        Wolfster says:

        Quick scan. I don’t see invicitus…v.imh….also soon there will be tgod(the green organic Dutchman) also look at rockshield capital(c.rks). Holding company with a few pots and blockchain too

        • On January 7, 2018 at 3:41 pm,
          Excelsior says:

          Thanks Wolfster. Yes, we’ve discussed Rockshield before (and they have positions in a few of them), and I have seen invictus but totally forgot about it. I’ll be on the lookout for The Green Organic Dutchman. Ever Upward!

          • On January 7, 2018 at 4:05 pm,
            Wolfster says:
          • On January 7, 2018 at 8:03 pm,
            Excelsior says:

            I also forgot DOJA Cannabis Company and Quadron Canntech Corp as 2 other companies.

            That CGOC – Cannabis Growth Opportunity Corp still looks interesting for a conglomerate of stocks.

          • On January 8, 2018 at 3:20 am,
            Wolfster says:

            Just like the resources……too many to choose from.😀

          • On January 8, 2018 at 9:03 am,
            b says:

            The CDN list isnt too bad.

            Tuff to dance with all the girls.

  25. On January 7, 2018 at 9:22 am,
    OOTB Jerry says:

    Education……..with over 17,000 drop outs, we have some graduating without being about to read or write…….only in DC.

    • On January 7, 2018 at 9:22 am,
      OOTB Jerry says:

      That is 17,000 per day……..according to an article I post several days ago….

      • On January 7, 2018 at 9:23 am,
        OOTB Jerry says:

        posted……no post

  26. On January 7, 2018 at 9:29 am,
    OOTB Jerry says:

    Entertainment……..Cohen comment interesting………
    I think the Pres.T, just asked Cohen if he was staying…….he might rethink his offer.

    • On January 7, 2018 at 9:29 am,
      OOTB Jerry says:

      “It’s worse than you can imagine. An idiot surrounded by clowns,” wrote Gary Cohn to Lloyd Blankfein, in Michael Wolff’s “Fire and Fury.”

      • On January 7, 2018 at 9:31 am,
        OOTB Jerry says:

        Of course Cohen use to sell aluminum siding……but, everyone needs to start somewhere

  27. On January 7, 2018 at 10:06 am,
    Matthew says:

    The dollar has closed the last four weeks below the 200 week MA and shows no sign that any bounce will turn into a reversal…


  28. On January 7, 2018 at 10:31 am,
    Markedtofuture says:

    Bannon expresses ‘regret’ for comments attributed to him in ‘Fire and Fury’

    Former Trump political strategist Steve Bannon on Sunday expressed “regret” for unflattering comments attributed to him in the recently released Trump White House tell-all “Fire and Fury,” saying he should have responded sooner and that he continues to support the president.

    “My support is also unwavering for the president and his agenda,” Bannon said in a statement to Axios.

    Fox News later Sunday confirmed the statements with Bannon.

    The statements in the book attributed to Bannon, who joined the Trump presidential campaign in the closing months, were most critical of the president’s son Donald Trump Jr., who also was a part of the campaign.

    “Donald Trump Jr. is both a patriot and a good man,” Bannon also said in the statement. “He has been relentless in his advocacy for his father and the agenda that has helped turn our country around.”

    He also said: “I regret that my delay in responding to the inaccurate reporting regarding Don Jr. has diverted attention from the president’s historical accomplishments in the first year of his presidency.”

    Bannon infuriated Trump with comments he made to author Michael Wolff describing a meeting between Trump Jr. and a Russian lawyer as “treasonous” and “unpatriotic.”

    Trump has, since the book was officially published Friday, repeatedly called Bannon “Sloppy Steve” and said he cried when the president fired him last year from his White House strategist job.

    But Bannon, in the statement, says his description of the meeting was aimed at former Trump campaign manager Paul Manafort, not Trump’s son.


  29. On January 7, 2018 at 10:32 am,
    OOTB Jerry says:

    Black Unemployment ……one of the highest on record…..imo

    • On January 7, 2018 at 10:34 am,
      OOTB Jerry says:

      The BLS reported black unemployment at 6.8% in December, an all-time low. That’s kind of funny, considering around 40% of working age black people are not working. These statistics do not include the 2 to 3 million black men sitting in prison.

      • On January 7, 2018 at 10:35 am,
        OOTB Jerry says:

        considering high school drop out rates are high …..17,000 per day…..looks like these rate might be going even higher………

  30. On January 7, 2018 at 10:37 am,
    OOTB Jerry says:
  31. On January 7, 2018 at 1:12 pm,
    Matthew says:

    The 30 year T-bond looks very bad versus gold and closed the week below the weekly Bollinger bands…

    USB:GOLD weekly:

  32. On January 7, 2018 at 1:52 pm,
    Matthew says:

    This yearly cycle low for gold is the first one in over 6 years that is starting with the MACD buy signal in positive territory:


  33. On January 7, 2018 at 2:05 pm,
    OOTB Jerry says:
  34. On January 7, 2018 at 2:37 pm,
    Dick Tracy says:

    If ANX catches a tailwind soon Ex, you would be a fool to sell after your stock has appreciated 35%, what’s worse is when you sell it all. LOL! DT

    • On January 7, 2018 at 4:16 pm,
      Excelsior says:

      DT – When did I ever say I would sell my ANX when it has appreciated by 35% ??

      If you bothered to read my reply to you, you’d note I’ve already doubled that appreciation so far since buying, so I’m not sure why you are putting words in my mouth?

      I acquired my ANX last summer for an average cost basis of $.0615 and it closed at $.105 on this last Friday. That is already a gain of $.0435 or 70.73% so far, and for the record I haven’t sold any of my ANX yet.

      All I said on Friday is that my expectation was for ANX to trade up to $.30-$.40 this year and over $1 by next year. My reasoning is that they have not connected the dots yet on the high grade sections of Goldboro, but they ARE going to have a new resource estimate out this year.

      I believe this resource estimate milestone, combined with a rising gold price to assist their production profitability can raise the stock price 300% to 400% to $.30 or $.40.

      If it made it to $.30 it would be a $.2385 rise or a gain of 387.8% for me.

      If it made it to $.40 it would be a $3385 rise or a gain of 550.4 % for me.

      Those are a fair big more than a 35% return. (lol) 😉

      Regardless, I stand by my comment that any investor that is not impressed in a reasonable risk reward scenario like that on a miner, shouldn’t be investing in miners. Those are great returns, and again, even an investor that decides to enter now at $.10 and holds for 2 years for 1000% gain in the stock price (or a 900% profit) is well worth a 2 year wait.

      There are incredibly few investment vehicles on Planet Earth that offer that kind of a return in 2 years, so when I read a few different people saying that is not worth their precious time as an investor for those kinds of returns, then I have call it bull$hit.

      Anaconda is exactly the kind of company, at the right valuation, with a clear path of tracjectory with the PEA, then connecting the high-grade zones in an update to mine & barge over to Point Rousse in 2019 (which will be the REAL catalyst to get them to $1 and it will take until next year for that to all play out). They also may make some great exploration hits near Point Rousse or at Viking this year but they won’t be immediately able to be mined for at least a year more likely 2.

      The only thing that would push this stock higher than $.40 this year, would be if investors all grasped the larger potential for Goldboro, and a real mania started; but that is not likely. If it happens I’ll be thrilled because there will still be a core position in place regardless of what happens. I’m holding a big chunk of it until 2019.

      • On January 7, 2018 at 4:24 pm,
        Excelsior says:

        Just for clarity and to address your taunting on Friday – I never said anything about knowing exactly where the stock will go, or that I was infallible. I’ve never claimed to always be right, and I felt your comments on Friday were way off base. All I did was share my thoughts and expectations on a stock I’ve been following longer and more closely than you have. Whatever happens I’ve already had a nice run & gain in Anaconda, and believe it is just getting started.

        Any investor that regularly trades the markets but claims to make no mistakes is a liar. I make mistakes all the time, but I’m correct about 60-70% of the time, and that is all it takes to be successful as a trader. Hopefully that helps clear things up.

        • On January 8, 2018 at 3:39 am,
          Wolfster says:

          I think it’s just a difference of approach Ex.DT is more of a gambler than investor by the sounds of it…..looking for momo plays and quick flips and doesn’t really look for value..but hey I could be wrong and open to criticism…😉

          • On January 8, 2018 at 6:08 am,
            Excelsior says:

            I just don’t care for people putting words in my mouth or calling me a fool for some hypothetical action I never discussed doing.

            Personally, I’ve been following ANX since the beginning of last year, and invested since last summer, have read countless research pieces by Leni, Newton, and more recently the interviews with the Unknown Geologist. ( I just posted a new one up above). All last year I was posting info for investors to consider on this stock and now someone feels they should school me on the value proposition.

            As for whether the sellers gave up, my comments on Friday was that it was making a short term high (so it wasn’t being sold down). Every day that a stock trades, there are 2 sides of the trade “Buyers” and “Sellers”. If a stock is going down swiftly there are more sellers [and that is not what was happening]. If is stock is trending upwards like Anaconda has the last 2 weeks then there are more buyers. If a stock is trend sideways like it did for part of the week last week, there is a balance of buyers and sellers. There is hardly anyone even following this company at this point, so his comment that all the “nervous nellies” had given up on selling, made little sense. All I said is he cracked me up, and he turned it around and got personal and got ugly for no reason.

            I never claimed to be an expert or infallible on a price targets, so those comments I made on Friday were just my personal targets for the stock. To have someone come out and get nasty about it, when they were wrong and there wasn’t a selloff but a new short term high are as confusing as they were disappointing.

            Then to attack my prior mistakes about Novo, which I was very transparent on was a bit over the top. . I was openly transparent about my miscalculation on Novo Resources and selling too early, so I don’t need some guy that probably wasn’t even invested in NVO to point out that mistake like it is some new revelation.

            For the record, I was buying Novo Resources way before most investors even heard of it thanks to Jay Taylor and Bob M. I was invested before they were a sponsor on the KER or before John Kaiser or all the other newsletter writers jumped on the bandwagon, and I made a double on one part and about 160% gain on the other portion. You may scoff at a gain like that but I know a lot of Novo investors that lost money this year by going in at the short-term top. At least I made a profit in it, where most just blow smoke out their rumps and don’t even have a position.

            If he didn’t make 100-160% gains in Novo then he shouldn’t say a damn thing about me selling a bit too early. Some investors just bought at the top and lost a great deal of money on the trade, so in comparison I’m sitting pretty.

            Whatever, I don’t have any more time to spend on this today, but wishing everyone including DT good luck in their trading this week.

    • On January 7, 2018 at 6:49 pm,
      Excelsior says:

      Gold On Longest Winning Streak In More Than 30 Years

      by @Goldfinger on January 7, 2018

      “Gold (CME continuous contract) is up 11 straight and 15 of the last 16 trading sessions. The winning streak in itself isn’t that significant (a winning streak along doesn’t tell one about the magnitude of the move), however, the current winning streak is of a similar character to price action which we saw during the bull market years of 2010/2011. ”

      “Persistently overbought conditions are characteristic of bull markets and similar to what we have seen in the major equity indices in recent years, 8+ session win streaks can occur regularly throughout the strongest uptrends. Gold is now in a confirmed uptrend and pullbacks should be seen as buying opportunities.”

      “There is no doubt that US dollar weakness has been the primary driver of the recent gold rally which makes the gold priced in euros chart especially important:”

      “As I mentioned last week some short term consolidation/pullback is to expected over the next few days, however, gold is looking very good on multiple time-frames and with potentially $200+ of upside (to fill the April 2013 gap at $1560.50) vs. less than $50 of downside (major support at ~$1280) the risk/reward is still very attractive even after the recent ~7% rally. ”


  35. On January 7, 2018 at 3:02 pm,
    Wolfster says:

    Hey Ex…..totally different plays from what you’re usually investing in but these small caps have been good to me recently and have good potential still…v.rht,v.bew,v.pho and t.tmd …..can’t be all metals and pots.😉

    • On January 7, 2018 at 4:17 pm,
      Excelsior says:

      Thanks Wolfster. I’ll check them out, and I agree it is important to stay diversified.

      In my retirement account I have shuffled things around to 70% US stocks (most heavily weighted to small caps) and 30% Emerging Markets and funds based outside the US.


    • On January 7, 2018 at 10:47 pm,
      Excelsior says:

      BeWare and Photon Control look interesting, but fall outside of companies I understand how to value. I generally steer clear of biotech / medical stock but the robotic surgery of Titan may be good for a punt. Thanks.

      • On January 8, 2018 at 3:33 am,
        Wolfster says:

        agree I find it hard to value these a lot of times…BeWhere being potentially profitable next financials attracted me …Reliq is my fav having become profitable in December with 80% margins going forward and meeting all their stated goals as they move forward…yes Titan is a punt more or less.Photon has cash along with growing business.Will be bought out if they don’t put cash to work so it’s a growth story potentially…always look forward to mondays unless it’s a long weekend.👍

      • On January 8, 2018 at 3:35 am,
        Wolfster says:

        And I see ethereum got as high as $1250 ……hive has to be getting some momo again if ethereum keeps this up…

  36. On January 7, 2018 at 3:06 pm,
    Markedtofuture says:

    Operation Condor – How NSA Director Mike Rogers Saved The U.S. From a Massive Constitutional Crisis…

    This outline is the story of how the FBI Counterintelligence Division and DOJ National Security Division were weaponized. This outline is the full story of what House Intelligence Chairman Devin Nunes is currently working to expose. This outline exposes the biggest political scandal in U.S. history. This outline is also the story of how one man’s action likely saved our constitutional republic.

    His name is Admiral Mike Rogers.


  37. On January 7, 2018 at 4:33 pm,
    Matthew says:

    SILJ:GDX has now closed above the 200 week MA for the last 4 weeks and that is bullish:


    Before the Fed announcement:

    On December 12, 2017 at 4:40 pm,
    Matthew says:

    SILJ:GDX has been below the 200 week MA for the last five weeks while becoming weekly oversold. If it can take that level back this week, it will be a good sign for the sector.

  38. On January 7, 2018 at 4:37 pm,
    Matthew says:

    The dollar has closed the last two weeks below the 233 week MA. That last happened in early 2014:


  39. On January 7, 2018 at 4:52 pm,
    Matthew says:

    The gold miners are only looking better and better versus gold:

    GDM:GOLD weekly:


  40. On January 7, 2018 at 5:31 pm,
    Mike says:

    Wow … after a great first weekend program for 2018 … there are comments galore that both educate and entertain!

    Many thanks for the excellent programming guys! (I can’t wait for what you have in store this year).

    And, to all of you fellow nerds out there:


  41. On January 7, 2018 at 11:15 pm,
    Matthew says:

    The Canadian dollar stalled precisely at fork resistance on Friday:


  42. On January 7, 2018 at 11:17 pm,
    Donnie Moder says:

    I agree that Trump is a poor communicator. Trump is also a poor leader in the sense that he is not loyal to those who he demands 100% loyalty. And seeing that he is disloyal will cause his administration not to be loyal to him.

  43. On January 7, 2018 at 11:47 pm,
    Matthew says:

    Gold and the 30 year T-bond are usually highly correlated, but not lately. If there’s any significance to this, it seems clear at this time that it would favor gold.


  44. On January 8, 2018 at 6:13 am,
    Gordon Hammerud says:

    Just a comment on Trump’s communication: I think how it is perceived is subjective. Personally, I love the way he communicates. He comes across as authentic to me and straight forward. I don’t perceive that he lies about things as seems to be the opinion of so many. I couldn’t care less if he comes across as “dignified” or whatever. I care that he has the right goals for the country, unlike Obama and as would have been the case with the criminal Clinton. I find Trump a breath of fresh air, and, quite frankly, as a Christian, I thank God every day for him and that He has spared us from Hillary. Also, somebody did a list of 81 things Trump has accomplished in his first year, I think the most ever accomplished by a President in such a short time. The bottom line, Al (and I greatly appreciate this program) is that not everybody agrees with the negative view of Trump. I think a whole lot of this country is getting sick and tired of the hateful, morally lost left.

  45. On January 8, 2018 at 10:58 am,
    Matthew says:
  46. On January 8, 2018 at 1:44 pm,
    Gordon Hammerud says:

    Just watching Trump’s speech in Nashville. He is a fabulous communicator. I scratch my bald head, Al, at the idea that he is a terrible communicator.

  47. On January 9, 2018 at 5:39 am,
    David says:

    The whole market will play out as it does every year and pundits will state their case for this or that immediate directions. Having achieved over 95% accuracy on market forecasting, we are very confident in obtaining opportunities in any direction and avoid trying to scrap trade margins from hours of monitoring or media hype