Weekend Show – Sat 24 Feb, 2018

A Full 2 Hours On Gold, Interest Rates, and Debt

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On this week’s weekend show Al is taking the week off so you get a full 2 hours of investing and market commentary! I lined up a great roster of guests and the focus is on the metals markets. We also talk a lot about raising interest rates, how they impact the growing debt, and if precious metals can rise in this environment.

This week was another busy one in terms of company updates. Please click the links below and let me know what you think of the companies. I love hearing from all of you, feel free to email me at Fleck@kereport.com. My wife and I are moving this weekend so I might be a bit slow responding.

  • Segment 1: Jesse Felder, Founder of The Felder Report kicks off the show with his assessment of the overall value in the gold sector.
  • Segment 2: Jordan Roy-Byrne of TheDailyGold.com shares why he thinks a drop in the gold stocks to the December 2016 low would be good for the sector.
  • Segment 3: We have talked a lot about how investors are distracted from the metals sector. Byron King shares what those distractions are.
  • Segment 4: Technical analyst and Canamex CEO David Vincent looks at the correlation between the copper:gold chart and interest rates.
  • Segment 5: John Kaiser and I discuss the potential of an upcoming PDAC curse.
  • Segment 6: We step out of the gold sector with Jayant Bhandari. He shares his thoughts on the changes going South Africa and Canada’s Prime Minister Justin Trudeau’s trip to India.
  • Segment 7: Chris Temple addresses the topic of manipulation vs suppression in the gold market.
  • Segment 8: We wrap up this week with CPM Group Managing Partner Jeff Christian and his outlook for gold over the next 5 years.

Exclusive Company Updates and Introductions


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:
Jesse FelderJordan Roy-ByrneByron KingDavid VincentJohn KaiserJayant Bhandari
Chris TempleJeff ChristianCory Fleck

Comments:
  1. On February 24, 2018 at 3:20 am,
    CFS says:

    Thanks, Guys
    Hi Skeeta

  2. On February 24, 2018 at 3:31 am,
    CFS says:
  3. On February 24, 2018 at 3:44 am,
    CFS says:
    • On February 24, 2018 at 4:32 am,
      CFS says:

      Re: Seg 8.

      I like politics and general economics stuff section, over mining.

      More on Florida shooting:
      https://www.spreaker.com/user/usaradio/wayne-allen-root-show-hour-1-segment-1-0_164
      Unbelievable Broward cowards.

      • On February 24, 2018 at 5:05 am,
        CFS says:
      • On February 24, 2018 at 6:33 am,
        OOTB Jerry says:

        Planned Cowards……….not what it seems , …..deep state is well in control and what they desire for the sheeple.

        • On February 24, 2018 at 8:12 am,
          OOTB Jerry says:

          But, now being exposed……CIA….is being exposed on a daily basis….

        • On February 25, 2018 at 11:31 am,
          Carbon Temple says:

          I feel that the key element of what you said is “deep state is well in control.” In my estimation, the term “deep state” is a buzzword, which is always an indication that the narrative is propaganda.

          I believe the deception goes much deeper than most of us could ever fathom. It certainly isn’t as it seems in my opinion.

          • On February 25, 2018 at 2:10 pm,
            OOTB Jerry says:

            “I believe the deception goes much deeper than most of us could ever fathom”…….
            I agree, with that statement.

  4. On February 24, 2018 at 4:08 am,
    CFS says:
  5. On February 24, 2018 at 4:17 am,
    Excelsior says:

    Risk/Reward Favorable For Novo Bulls
    by @Goldfinger on February 23, 2018

    “After suffering for the last two months with a massive head & shoulders top pattern looming over their heads, shareholders of Novo Resources suddenly have a similar, albeit smaller, head & shoulders pattern underneath their feet:”

    https://ceo.ca/@goldfinger/riskreward-favorable-for-novo-bulls

  6. On February 24, 2018 at 4:21 am,
    CFS says:
  7. On February 24, 2018 at 4:52 am,
    CFS says:
  8. On February 24, 2018 at 5:30 am,
    Excelsior says:

    Precious Metals Producers Panel: McEwen, Neumeyer & Megaw

    Ceo’s of McEwen Mining, First Majestic, and MAG Silver chat about mining industry and development & production.

    Cambridge House – Feb 22, 2018 #VIDEO

    https://www.youtube.com/watch?v=7GEPdNM_LcM&t=7s

    • On February 24, 2018 at 5:53 am,
      Excelsior says:

      Which Stocks are Scams and Which are Scores?

      Brent Cook, Frank Curzio and Marin Katusa – #VIDEO Panel Discussion

      > Northern Dynasty, Novo Resources, Aurion, Garibaldi Resources, Almadex, Almaden, Equinox Gold, Pretium Resources

      https://www.youtube.com/watch?v=0dGGinel9Zw&t=7s

      • On February 24, 2018 at 5:57 am,
        Excelsior says:

        What do Doug Casey and Rick Rule think about Cryptos?

        (they also discuss Gold miners, Copper, Uranium, books, and it was an interesting chat)

        Cambridge House – Feb 19, 2018 #Video Panel Discussion

        https://www.youtube.com/watch?v=1n_F_DUfHJw

        • On February 24, 2018 at 5:58 am,
          Excelsior says:

          Bitcoin Dreams & Gold Reality – Byron King

          Cambridge House – Feb 16, 2018 #VIDEO

          https://www.youtube.com/watch?v=f5Gnu9_NHT8

        • On February 25, 2018 at 10:34 am,
          Dick Tracy says:

          It looks like Gold exploration juniors will outpace the silver juniors according to Rick Rule. The good ones will go up very rapidly with little buying, this also according to RR. I have only seen one that fits that description now, I am not yet finished with my add-ons. DT

          • On February 25, 2018 at 11:14 am,
            Excelsior says:

            There are a larger pool of investors following the Gold exploration stocks for sure, but I wouldn’t rule out the explosive moves we’ve seen in some of the Silver Explorers like Silvercrest, Dolly Varden Silver, Defiance Silver, Orex Minerals, Bitterroot, Klondike Silver, Metallic Minerals, Silver Bull, Bunker Hill, Southern Silver, etc…. Heck I’m even hoping one day that AbraPlata Resource Corp will get a bid, or the ones further down the food chain like Santana, Silver Spruce, or Golden Goliath will one day get a bid.

          • On February 25, 2018 at 11:18 am,
            Excelsior says:

            I haven’t given up completely on BBB Brixton Metals yet either for a Silver Explorer, with Gold and Cobalt, and a pipeline of 4 different properties where they can hit paydirt.

            http://brixtonmetals.com/#

          • On February 25, 2018 at 11:20 am,
            Excelsior says:

            (REX) (ORMNF) Orex Signs Agreement to Acquire the San Luis del Cordero Silver-Copper-Zinc Project in Durango, Mexico

            by @newswire on January 26, 2018

            https://ceo.ca/@newswire/orex-signs-agreement-to-acquire-the-san-luis-del-cordero

          • On February 25, 2018 at 11:34 am,
            Excelsior says:

            If Metallic Minerals (MMG) can keep hitting on their exploration program in 2018 like they did in 2017, then they could really make some waves. They are Alexco’s neighbors at Keno Hill.

            METALLIC MINERALS DRILLS BONANZA GRADE OF 2,851 G/T SILVER EQUIVALENT AT CARIBOU TARGET ON THE KENO SILVER PROJECT IN THE YUKON TERRITORY
            DECEMBER 13, 2017

            https://www.metallic-minerals.com/news/2017/metallic-minerals-drills-bonanza-grade-of-2-851-g-t-silver-equivalent-at-caribou-target-on-the-keno-silver-project-in-the-yukon/

          • On February 25, 2018 at 11:37 am,
            Excelsior says:

            (DV) (DOLLF) DOLLY VARDEN – RECAP OF THE SUCCESSFUL SILVER DISCOVERIES OF 2017
            Jan 8, 2018

            Ben Whiting, Vice President – Exploration for the Company, says; “In my opinion, there is an opportunity to double or triple the Mineral Resources in the Dolly Varden Mining Camp with a resource-focused drilling program.Three of the four new exploration discovery targets have thicknesses and grades comparable to or exceeding those of the existing deposits. Target sizes and grade ranges are presented for the exhalative-style and epithermal vein-style of deposits.”

            https://www.dollyvardensilver.com/news/2018/dolly-varden-recap-of-the-successful-silver-discoveries-of-2017/

      • On February 24, 2018 at 7:34 am,
        bonzo barzini says:

        Thanks, Excelsior.

        • On February 24, 2018 at 5:06 pm,
          Excelsior says:

          Weekend Cheers Bonzo Barzini !

    • On February 25, 2018 at 9:59 pm,
      Excelsior says:

      (SVM) Silvercorp Reports High-Grade Mineralization Discovery Below Current Production Levels Within Major Vein Structures at GC Ag-Pb-Zn Mine in Guangdong Province, China

      February 14, 2018

      http://www.silvercorpmetals.com/news_and_media/news/index.php?content_id=703

    • On February 24, 2018 at 5:34 am,
      OOTB Jerry says:

      The gold price has dipped back to test support towards the lower end of the consolidation channel, where the 55-day MA resides. It’s a textbook bullish set-up, prior to an expected break-out to the upside.

  9. On February 24, 2018 at 6:08 am,
    OOTB Jerry says:

    School shooter….mind control….Hilly
    https://www.youtube.com/watch?v=Z0F-G2jVlwM

    • On February 24, 2018 at 6:10 am,
      OOTB Jerry says:

      Do not be distracted……..

      • On February 24, 2018 at 6:12 am,
        OOTB Jerry says:

        Keep your guns………2nd Amendment….was put in place for a reason

        • On February 24, 2018 at 6:30 am,
          OOTB Jerry says:
        • On February 24, 2018 at 7:29 am,
          CFS says:

          Unfortunately the Founding Fathers never foresaw assassination by drone and the United Nations never had the guts to convict Obama of war crimes using such methodology.

          • On February 24, 2018 at 7:59 am,
            OOTB Jerry says:

            You have not been listening….to Q…….today’s info…ties Obama to pay to play.

          • On February 24, 2018 at 8:00 am,
            OOTB Jerry says:

            Seems MR> O…..had an BofA credit card tied to Muslim Brotherhood person running a nursing home…..

          • On February 24, 2018 at 8:02 am,
            OOTB Jerry says:

            Which Obama was using while traveling the world…..

          • On February 24, 2018 at 8:03 am,
            OOTB Jerry says:

            Get back to the basics……..the 2nd Amendment still stands……

          • On February 24, 2018 at 8:05 am,
            OOTB Jerry says:

            Constitution still stands.. defend against enemies ..foreign and domestic….

          • On February 24, 2018 at 8:28 am,
            OOTB Jerry says:

            Galatians 5:1 – Stand fast therefore in the liberty wherewith Christ hath made us free, and be not entangled again with the yoke of bondage.

          • On February 24, 2018 at 10:46 am,
            GH says:

            The Constitution still stands…sorta…a lot of it is currently disregarded…

            Connects to the immigration issue. Who decided to change things so dramatically in 1965? To what end?

            Covert Culture War.

            Other than the title, this is a very interesting article, on the trans-gender angle of the culture war. The ‘rich white men’ they reference seem to be very disproportionately from a certain small sub-group…

            http://thefederalist.com/2018/02/20/rich-white-men-institutionalizing-transgender-ideology/

          • On February 24, 2018 at 10:53 am,
            GH says:

            Interesting. One of the big backers of the trans-gender movement is the Pritzker family. A family which, I believe, was key to putting Obama into office…

            The lovely Jennifer (formerly James) Pritzker:

            https://www.google.com/search?q=jennifer+pritzker&source=lnms&tbm=isch&sa=X&ved=0ahUKEwiqqtTfurfZAhUGnFkKHZg_BfAQ_AUICigB&biw=1366&bih=637#imgrc=_

            Puts the Michelle rumors in a slightly different light.

            The Pritzker’s ethnicity is also interesting, in light of how the Obama administration fomented the coup in Ukraine.

          • On February 24, 2018 at 11:12 am,
            OOTB Jerry says:

            Romans 1:27-29 King James Version (KJV)
            27 And likewise also the men, leaving the natural use of the woman, burned in their lust one toward another; men with men working that which is unseemly, and receiving in themselves that recompence of their error which was meet.

            28 And even as they did not like to retain God in their knowledge, God gave them over to a reprobate mind, to do those things which are not convenient;

            29 Being filled with all unrighteousness, fornication, wickedness, covetousness, maliciousness; full of envy, murder, debate, deceit, malignity; whisperers,

          • On February 24, 2018 at 11:14 am,
            OOTB Jerry says:

            Obama is not in office, and might even be stricken from the record…….

  10. On February 24, 2018 at 8:37 am,
    Ebolan says:

    Giant is right. Africa is a Hell hole. And if you don’t like that term, use Trump”s term. And if you don’t believe it’s true just ask the white South African farmers being slaughtered. And those ‘migrants’ will be coming to a city near you if Soros and the rest of our New World Odor masters have thier way. And Trudeau, well, he’s nothing but a clown faggot.

  11. On February 24, 2018 at 8:42 am,
    CFS says:
  12. On February 24, 2018 at 11:27 am,
    b says:

    February 24, 2018 From SGT Report

    The 3 Step Process to Sovietize the United States

    by Dave Hodges, The Common Sense Show:

    America is under seige by a three part plot designed to eliminate all opposition to a communist-style revolution sweeping across America.

    I wonder if they finally watched communism by the back door?

  13. On February 24, 2018 at 11:29 am,
    GH says:
    • On February 24, 2018 at 11:30 am,
      GH says:
      • On February 24, 2018 at 11:56 am,
        CFS says:

        Seems to me there is a great business opportunity to develop a right-wing favoring social media system.
        Not all of Silicon Valley is full of rich left-wing idiot Marxists.

    • On February 24, 2018 at 1:10 pm,
      b says:

      Generally nobody says anything when u tube stops anyone.
      Nobody said a word when u tube stopped Syrian Girl.
      Im surprised they let southfront continue even in part.

      Southfront and Syrian girl have both moved to .org.

      Syrian girl was decimated by the loss of followers and southfront doesnt work as well for me.

      Its happening slowly as the frog boils, few if anyone will notice, but I would imagine that any info about syria ukraine or n.korea would be cut off before fighting began.

      Thats ok tho, we have the cbc,bbc and cnn.

      I wonder when RT is gagged.

      • On February 24, 2018 at 1:14 pm,
        b says:

        That was supposed to go under “Richie Allen” censored.

  14. On February 24, 2018 at 1:32 pm,
    CFS says:

    Latest Bix Weir,
    https://www.youtube.com/watch?v=3SGOIW3ThCY
    t before v in the alphabet and in Latvia.

  15. On February 24, 2018 at 2:46 pm,
    Markedtofuture says:

    Clif High This Is Not A Drill! Feb 24, 2018 NEW Get prepared for a major systemic crisis!

    https://www.youtube.com/watch?v=cgUJ8pFejew

    • On February 24, 2018 at 5:21 pm,
      Markedtofuture says:

      Clif said the video was an old and stolen video.

  16. On February 24, 2018 at 5:07 pm,
    Excelsior says:

    35 Minerals Absolutely Critical to U.S. Security

    JEFF DESJARDINS – The Visual Capitalist – February 23, 2018

    http://www.visualcapitalist.com/35-minerals-critical-security-u-s/

  17. On February 24, 2018 at 5:45 pm,
    b says:

    South Africa To Cut Diplomatic Ties With Israel

    by Tyler Durden
    Sat, 02/24/2018 – 16:45

    The South African government is intending to cut diplomatic ties with Israel in protest of its treatment of the Palestinian people, the country’s Science and Technology Minister Naledi Pandor announced yesterday.

  18. On February 24, 2018 at 11:13 pm,
    CFS says:
  19. On February 25, 2018 at 5:09 am,
    Sam says:

    I can see where you’re coming from with gold but what about silver? Silver was $50 in 1980 and is $16 today 38 years later when it’s being used so extensively in industry. I find it difficult to believe that if there wasn’t some type of suppression going on silver would be much higher than $16.

  20. On February 25, 2018 at 6:15 am,
    Markedtofuture says:

    Dr. Jeffrey Kern: “Gold Stocks Will Break Dec 2016 Low”

    https://thedailygold.com/dr-jeffrey-kern-gold-stocks-will-break-dec-2016-low/

    • On February 25, 2018 at 7:57 am,
      Excelsior says:

      Gold Miners Setting Up For Potentially Explosive Moves

      by @Goldfinger on February 24, 2018

      https://ceo.ca/@goldfinger/gold-miners-setting-up-for-potentially-explosive-moves

      • On February 25, 2018 at 12:17 pm,
        Matthew says:

        Goldfinger id pretty much in agreement with Kern:

        “Be mindful that the precious metals sector is notoriously tricky and I can envision a scenario in which a failed breakdown below $21 in GDX (crushing sentiment and triggering stop loss selling) could lead to a violent upside move. In fact, such a scenario seems to be the most likely from my vantage point and would offer the best opportunities for tactical trading setups.”

        • On February 25, 2018 at 12:24 pm,
          Excelsior says:

          Yeah, many believe we need a sentiment washout to generate the next buying cycle. That is also what Jordan Roy-Byrne’s point was in his recent piece.

          New Low in Gold Stocks Would Be Strong Buy Signal
          by @TheDailyGold on February 20, 2018

          https://ceo.ca/@thedailygold/new-low-in-gold-stocks-would-be-strong-buy-signal

          • On February 25, 2018 at 12:25 pm,
            Excelsior says:

            Bob M. mentioned waiting for the DSI reading to be around 10-20, and a drop to such lows in the miners would generate a negative sentiment pretty quickly.

            That may be the catalyst to get value investors to put a toe in the water once again…

          • On February 25, 2018 at 3:06 pm,
            Matthew says:

            I have a hard time being as bearish as Kern right here but SKI does have an impressive record. Still, my default setting is my own approach, for better and for worse. Sentiment in the miners is very bearish already and the significantly lower targets are too obvious to too many – which makes it more difficult to hit those targets.

            SKI is based on USERX which means that it is based on 44 years years of info. That seems like plenty and, for the most part, is, but SKI still does throw off some “first time ever” patterns. I am not talking about “this time is different”, I am talking about the very real possibility that this time is different than those that are contained in the cycles of the last 44 years. Gold mining stock cycles did not start in 1974 with USERX and it is obvious to me that 2018’s doppelganger resides much further back. Remember that cycles are like Russian dolls – one is nestled within another. So USERX/SKI do not necessarily cover this period precisely enough (though SKI was as precise as it usually is with respect to the signals generated that have made Jeff so bearish. Even cycles that result from unrelated fundamental drivers have distinct similarities – so beware).

            As for gold itself (not the miners), it is hardly appealing from a contrarian perspective but I could see it continue to hold up and avoid giving the sentiment readings that Bob mentioned for awhile longer. In fact, it could go significantly higher before finally topping and plunging to a low risk/great buy sentiment level.

            Most experts are in bearish agreement with Jeff/SKI and experts sway a lot of people. So if they are wrong, we will see a large move that only a tiny few will enjoy.

            In addition to all that, USERX, GDX, GLD and gold all have very bullish P&F price objectives right now while the junior miners (ETFs) and silver do not.This makes sense since quality bargains often catch a bid before the more speculative ones do.

            A strong move up to finish the month would help the monthly charts and the daily charts are friendly to that possibility. Here’s USERX:

            http://stockcharts.com/h-sc/ui?s=USERX&p=D&yr=1&mn=1&dy=0&id=p02914226628

          • On February 25, 2018 at 9:07 pm,
            Excelsior says:

            If the “experts” and herd ends up being wrong on this washout in Gold and the miners, then I agree that “we will see a large move that only a tiny few will enjoy.”

            Down below Goldfinger mentioned:

            “seems like not many people (aside from the lunatic fringe) have significant exposure to $gold and $silver here: ”

            I guess, once again, my positions have me allocated like part of the lunatic fringe….

  21. On February 25, 2018 at 7:32 am,
    Excelsior says:

    Charles Nenner – Buy Gold Market Crash Coming

    Greg Hunter – Feb 10, 2018

    “What does renowned financial cycle expert Charles Nenner think you should buy for protection? Nenner says, “You buy gold because nothing else is going to keep its value. Gold is going, as I have said for a long time, to $2,500 (per ounce) at least. Again, you buy gold because nothing else will keep its value. Stocks can go down, you can get stuck with some losses in the bond market, the housing market will go down based on homebuilder stocks and the financial system can scare you. So, what is left? Buy gold.”

    https://www.youtube.com/watch?v=vsXxG6uxpOY&t=1194s

    • On February 25, 2018 at 7:36 am,
      Excelsior says:

      US Dollar and Precious Metals
      Bob Hoye – February 19, 2018

      “If the Dollar continues stepping lower the natural implication is that commodities will advance relative to the currency. This is exactly what happened in 1971, 1986, and 2003. Gold had respectable rallies, however silver (following pages) outpaced in most instances. The 1% envelope below the 20-week moving average of the lows was an important support for both gold and silver during the subsequent pullbacks.”

      “The decline in the Dollar into the end of January generated one of our Capitulation alerts along with Sequential 13 Buys. The inverse signals were seen in the Euro. The subsequent retest of the January levels sets up a ‘double bottom’ around 88.10 (and double top in the Euro). When coupled with Friday’s upside reversal in the DX (downside in Euro & gold) it sets the stage for minor Dollar rally back toward the 20-week ema around 91.50. Gold could see a test of the 20-week moving average band around $1275.”

      http://www.321gold.com/editorials/hoye/hoye022518.pdf

      • On February 25, 2018 at 7:39 am,
        Excelsior says:

        Fed to Stay the Course, At Least Until Next Week

        February 23, 2018 – Gary Wagner #TechnicalAnalysis #VIDEO

        “Our technical studies indicate minor support at $1,317, which is the 38% retracement of the last rally, and $1,302 which is the 50% retracement. The first resistance level is $1,336, with major resistance at $1,360-$1,365, the highest price point gold achieved during the most recent rally.”

        https://thegoldforecast.com/video/fed-stay-course-least-until-next-week

      • On February 25, 2018 at 7:51 am,
        Excelsior says:

        The Next Bull Market Move Interview – Collin Kettell, CEO & Partner, Palisade Global Investments Ltd – Feb 2018.

        by @bullmarketmove on February 25, 2018

        “1. Up until 12 months ago, the dollar was in a prolonged bull market. During that period, gold held up remarkably well. Now with the dollar cracking, gold is no longer at risk of breaking down. If gold were going to crack, it would have been during a time of dollar strength, not dollar weakness.”

        2. For the first time I can remember, talks of wage inflation are hitting the mainstream media in January. We can all point to the obvious signs of inflation over the past several years, but now that the mainstream media is touting inflation, it means that it is getting serious. Gold does very well during periods of inflation.”

        https://ceo.ca/@bullmarketmove/the-next-bull-market-move-interview-collin-kettell-ceo-partner-palisade-global-investments-ltd-feb-2018

    • On February 25, 2018 at 10:27 am,
      Excelsior says:

      Kitco News Weekly Outlook: Where Are Gold Prices Heading – Flip A Coin, Analysts

      Neils Christensen – Friday February 23, 2018

      “Analysts said that gold’s correction after the failed breakout above $1,360 is not a significant surprise. But the question to answer now: does the market have further to correct before it pushes higher?”

      “I maintain my positive outlook for gold. If you think the global economic growth looks shaky, then you want to own some gold,” Ole Hansen, head of commodity strategy at Saxo Bank. “But I think you need to play gold cautiously and wait for the breakout.”

      “In the near-term, he said that investors need to brace for gold prices to drop to $1,300 an ounce as U.S. bond yields and the U.S. dollar push higher.”

      “Greg Harmon, president of Dragonfly Capital, described the gold market as floundering for direction in an environment of zero momentum.”

      “If I were asked how to trade this market I would say: ‘Don’t and look for something else to trade,’” he said.

      Fawad Razaqzada, technical analyst at City Index, said that while gold’s technical outlook is unclear, he said that he thinks the risks are skewed to the downside as he expects the U.S. dollar to find some momentum in the near-term. He added that the U.S. dollar’s recent bounce off a three-year low could represent long-term support.

      “I am bullish on the U.S. dollar, so I guess I’m bearish on gold,” the analyst said. “The U.S. dollar looks oversold and fundamentals don’t support these lower prices.”

      http://www.kitco.com/news/2018-02-23/Kitco-News-Weekly-Outlook-Where-Are-Gold-Prices-Heading-Flip-A-Coin-Analysts.html

      • On February 25, 2018 at 10:30 am,
        Excelsior says:

        One can sense a great deal of pessimism in the markets as it relates to the Precious Metals and the miners, and most consensus is that the metals have further to pullback and the miners look very weak here.

        It does have me considering hedging with a position in JDST or DUST or at least lightening up on some of my more liquid positions until the storm passes…….

        Have to consider all possibilities and the case for a further pullback seems reasonable with the current set up.

        • On February 25, 2018 at 10:41 am,
          Excelsior says:

          Then again….. we know what happens when everyone is in consensus that something will play out — the market often does just the opposite just to spite the clear consensus.

          The clear consensus is the the metals pullback has further to go here in the near term, in the ramp up into the PDAC. It may be that the herd-think is on the money at this point, and further pressure is on the menu….

          As long as Gold is above the most recent higher low at $1238.30 then I’m not sure what all the fuss is about?

          Really, that first support is at $1280-$1282 congestion zone, and if that doesn’t hold then any close above $1238.30 is STILL a higher low and the trend is in tact.

          For now it’s a waiting game, but some investors may want to consider a more defensive or hedged strategy just in case the weakness sticks around for the next month or two.

          • On February 25, 2018 at 10:56 am,
            Excelsior says:

            Personally, I still believe we are in the bull market that started in 2016 and that until something drastically changes and the metals put in all time lows, then there is nothing on the horizon to cause me to doubt this thesis.

            Most of my mining positions are at a very good cost basis since the core positions were purchased in late 2015 – early 2016, and I’ve traded around those positions since then. As a result, waiting out any current weakness with most of them is the strategy I’m using, as I still believe the “surprises” will be more to the upside in a bull market, than the expect downside by most market participants. I may do a bit of hedging or trimming, but most of my positions I’m just leaving in place.

          • On February 25, 2018 at 11:00 am,
            Excelsior says:

            I’ve also used the summer though the end of the 2017 to pick up a number of new positions in Jr Miners that I’d been watching for some time. Even recently there were a few new positions I’ve started accumulating, because a number of stocks are just really beaten up here.

            If we get a nice rout in the mining shares, then it would be a good place to add to companies that investors really liked at higher price valuations. There will be no room for whining if the metals take off in late 2018 and 2019 that investors wished they had bought when prices where lower, if they ignore the low prices when they show up.

        • On February 25, 2018 at 9:04 pm,
          Excelsior says:

          @Goldfinger – “Precious metals ETF allocation essentially back to January 2016 lows, seems like not many people (aside from the lunatic fringe) have significant exposure to $gold and $silver here: ”

          http://cdn.ceo.ca/1d96l7k-Precious_Metals_ETF_allocations.png

          “The stage is set for a very powerful rise if the right catalysts emerge. Perhaps something like dollar depreciation, soaring inflation, out of control government spending and massive deficits, loss of confidence in governments? Just throwing out a few…. ” — @Goldfinger

          • On February 25, 2018 at 9:46 pm,
            Matthew says:

            There’s not much “if” to this, only when. Will the buck surprise the dollar bugs now or a little later? Either way, they’re in for action that they do not expect.

          • On February 26, 2018 at 5:35 am,
            OOTB Jerry says:

            out of control government spending and massive deficits…………IT IS HERE ALREADY…

  22. On February 25, 2018 at 7:47 am,
    Excelsior says:

    (PGE) (DCGCF) Group Ten Metals Mirrors the Stillwater PGE Complex

    Bob Moriarty for Streetwise Reports (2/23/18)

    http://www.streetwisereports.com/article/2018/02/23/group-ten-metals-mirrors-the-stillwater-pge-complex.html

  23. On February 25, 2018 at 8:02 am,
    Excelsior says:

    (RSG.AX) ( RMGGF) Resolute MIning – Interview

    121 Mining Investment – Feb 23, 2018

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

    • On February 25, 2018 at 8:04 am,
      Excelsior says:

      (RSG.AX) ( RMGGF)Resolute Mining – 2018-02-08 – Corporate Review

      121 Mining Investment – Feb 23, 2018

      https://www.youtube.com/watch?v=wZDsIyAUt5A

    • On February 25, 2018 at 11:11 pm,
      Excelsior says:

      (MMX) MAVERIX METALS FORECASTS SIGNIFICANT GROWTH IN 2018

      The Company is forecasting the following for 2018:

       Attributable gold equivalent production is expected to be 16,500 to 18,500 ounces;
       Revenue is expected to be CAD$26 to CAD$30 million; with
       Approximately 95% of total revenue expected to be from gold and silver.
      In 2018, Maverix is expecting an increase of approximately 40% to 50% in attributable gold equivalent production as compared to 2017.

      Dan O’Flaherty, President and CEO of Maverix, commented, “Following our record fourth quarter, we are pleased to forecast substantial growth in 2018 as a number of our operating partners continue to ramp up and increase production at their mines.”

      “In addition to our current growth, we remain committed to further expanding our portfolio of royalties and streams in 2018 and beyond.”

      http://maverixmetals.com/wp-content/uploads/2016/06/MMX-NR-02-22-18.pdf

  24. On February 25, 2018 at 9:43 am,
    Markedtofuture says:

    Coinbase Informs 13K Affected Customers Of Imminent Data Handover To IRS

    US-based cryptocurrency exchange and wallet service Coinbase sent an official notice Friday, Feb. 23 to approximately 13,000 of its customers whose information it is legally required to turn over to the US Internal Revenue Service (IRS).

    https://cointelegraph.com/news/coinbase-informs-13k-affected-customers-of-imminent-data-handover-to-irs

  25. On February 25, 2018 at 10:15 am,
    Markedtofuture says:

    BREAKING! Donald Trump Warns Of DARK FORCES Controlling The World

    https://www.youtube.com/watch?v=rIr6G8qA-es

    • On February 25, 2018 at 2:27 pm,
      b says:

      Too bad it was chad speaking and not Trump.

  26. On February 25, 2018 at 11:14 am,
    Markedtofuture says:

    The Deep State Empire Has Been Challenged & Is In The Process Of Being Destroyed:Harley Schlanger

    https://www.youtube.com/watch?v=yEc6UIQQDtM

  27. On February 25, 2018 at 2:33 pm,
    b says:

    roger Brownfield

    Trump is really sticking it to the deep state? Like moving the embassy to Jerusalem and pushing war on virtually every continent.

    xxx 20

    not one US gov’t/central banker pedo in jail yet. Swamp still full

    Neznisgip

    The YouTube purge continues.
    Many casualties as everyone slept.
    There is a war going on over free speech, but the silence is deafening.

    steve w

    The Deep State being destroyed? I call Bull Shit.

    I thought some comments were interesting.

    • On February 25, 2018 at 4:47 pm,
      Markedtofuture says:

      Lawyers For The DNC Argue That ‘Primary Rigging’ Is Protected By The First Amendment

      The ongoing litigation of the DNC Fraud Lawsuit and the appeal regarding its dismissal, took a stunning turn yesterday…

      https://www.zerohedge.com/news/2018-02-25/lawyers-dnc-argue-primary-rigging-protected-first-amendment

    • On February 25, 2018 at 5:12 pm,
      GH says:

      “The Deep State being destroyed? I call Bull Shit.”

      Yep. Ridiculous.

      • On February 25, 2018 at 5:23 pm,
        GH says:

        When Trump puts the 4th amendment back into effect, I may start to believe he’s a swamp fighter.

        But, just as a sizeable portion of the populace remained loyal believers in each of the last three (or…how many?) criminals to occupy the White House, many Trump supporters will remain unfazed by anything he might do, or neglect to do.

        • On February 25, 2018 at 5:26 pm,
          GH says:

          Meanwhile, the faux-Left attack zombies will continue to make sure that Trump is backed into a corner where he can only survive politically by ‘reaching out’ to the MIIC, Wall Street, and the ZioCons.

          • On February 25, 2018 at 6:27 pm,
            GH says:

            “faux-Left attack zombies” is uncharitable of me, I suppose.

            Many of these people are decent and well-meaning. But they have been ‘triggered’ by issues the groundwork for which has been being laid for decades, by creating a false reality the completeness of which the Truman Show can only suggest, through schooling and mass media. My personal experience suggests that it is very difficult to break through their ideological shell with facts or logic.

            Maybe I notice it more because I live outside the country, but from my standpoint, it looks like the US is losing its marbles at a rapid pace. How many people notice, though, or care enough to speak out? It’s a covert, insidious war of subversion, and the frog is just about boiled. Yuri Bezmenov nailed it.

            For instance, once upon a time we were taught that we should be tolerant of homosexuals. And we went along with that, because most of us believe that people ought to be able to live in tranquility as long as they don’t harm others. Then it was marriage. Then adoption. And putting materials in the classroom to teach small children that homosexuality is normal–IS it? Now transgenderism, teaching small children that gender is some sort of abstract cultural construct, and firing a google engineer for disagreeing with this sacred belief. Next trans-humanism.

            And…pedophilia? Interesting, for instance, that alarms haven’t gone off about the ever-younger age of puberty in girls due to the chemicals in our food supply. What kind of a country does not respond in a decisive way to something like this? In Bezmenov’s words, a demoralized one in which the process of subversion is advanced.

            A side note, one memorable gambit in this campaign for radical cultural change that morphed from tolerance of gays into the destruction of gender was the Matthew Shepard hoax, in which we we all were clobbered over the head with the perennial favorite tactic of collective guilt (‘homophobia’ this time). Except the story wasn’t true, and his attacker was apparently actually his gay lover / drug dealer.

            We could talk about similar changing narratives regarding feminism or racism/multi-culturalism as well.

            Whoever may ultimately be behind this covert cultural war, we know a lot about who is executing it, no matter how many people deny this fact, as many will.

            FWIW, I think the American Right is just as problematic, particularly in their subservience to the same interests Trump is serving.

            Anyway, the rot is advanced and advancing and we all seem to agree that most people are still asleep at the switch. And no wonder–the deviousness and sheer evil of what is being done is stranger than fiction. But I’m a hopeful sort of guy, so I continue to like to think there is a real chance that a critical mass will wake up in time to prevent worst case scenarios.

          • On February 26, 2018 at 4:23 am,
            OOTB Jerry says:

            agree that most people are still asleep at the switch. And no wonder–the deviousness and sheer evil of what is being done is stranger than fiction……………DITTO<

      • On February 25, 2018 at 5:33 pm,
        Ebolan says:

        All a scam. If elections could change anything they’d be outlawed. The only one who wins elections are swamp creatures!

  28. On February 25, 2018 at 5:14 pm,
    Markedtofuture says:

    And America’s Dirtiest Metropolis Is…New York City of course

    https://www.zerohedge.com/news/2018-02-23/and-americas-dirtiest-metropolis

  29. On February 25, 2018 at 5:32 pm,
    Ebolan says:

    Lies, scams and fantasies…

    Great interview of Stockman by Jay.

    https://www.youtube.com/watch?v=TcDltD1NRNQ

  30. On February 25, 2018 at 8:30 pm,
    Markedtofuture says:

    Launch of LitePay Could Send Litecoin Over $300 – By Goldfinger on Sunday, February 25

    http://321ethereum.com/launch-of-litepay-could-send-litecoin-over-300/

  31. On February 25, 2018 at 9:18 pm,
    Excelsior says:

    Geiger Counter Limited – NEW CITY INVESTMENT MANAGERS
    (as at 31 January 2018)

    > Top 5 Holdings (%)

    1 Nexgen Energy 19.5%
    2 Uranium Participation 11.8%
    3 Fission Uranium 10.7%
    4 UR-Energy USD 10.2%
    5 Denison Mines CAD 9.9%

    {Top 5 Holdings Represent 62.1%}

    https://ncim.co.uk/wp/wp-content/uploads/2018/02/02-Geiger-GLC-February-2018-Factsheet.pdf

  32. On February 25, 2018 at 10:08 pm,
    Excelsior says:

    Gold up $1341

    Silver up $16.70

    Copper up $3.22

    Zinc up $1.61

    • On February 26, 2018 at 12:19 am,
      Excelsior says:

      Gold Setting Up For A Massive Upside Price Rally

      By: Chris_Vermeulen – Feb 25, 2018

      “The potential for a massive upside rally that should originate as early as March 19 (only a few weeks away). The reason this is so exciting is that a breakout move in the gold market would indicate a global rush into a protective market because of fears originating from other market sectors.”

      http://www.marketoracle.co.uk/Article61662.html

      • On February 26, 2018 at 8:59 am,
        b says:

        Cliff High was saying tshtf in March.

    • On February 26, 2018 at 9:02 am,
      b says:

      Mining News Digest
      Monday 26 February 2018

      Shipping gauge shows iron ore, copper prices heading for fall
      CHART: Baltic Dry Index has plummeted 32% since December, opening up huge gap to closely correlated industrial metal prices.

      read »

  33. On February 26, 2018 at 12:30 am,
    Matthew says:

    Here’s something to watch for to get a better idea if Jeff’s SKI system is going to deliver the bearish result that it is pointing to: If USERX breaks below its recent low of 6.75, I’d give it an 80% chance of falling another 15%+ and that’s conservative.

    http://stockcharts.com/h-sc/ui?s=USERX&p=W&yr=7&mn=7&dy=0&id=p64158774798&a=579883507

    • On February 26, 2018 at 5:00 am,
      Excelsior says:

      Thanks for the chart Matthew. Yes, if that support breaks then it looks like that gap you circled will get filled. Something to keep an eye on…

      • On February 26, 2018 at 5:10 am,
        Excelsior says:

        (JAG) (JAGGF) Jaguar Mining Reports Exploration Success at Turmalina and Pilar; Drilling Continues To Intersect Significant Mineralization, Confirms Extensions Of Principal Orebodies

        by @newswire on February 26, 2018

        https://ceo.ca/@newswire/jaguar-mining-reports-exploration-success-at-turmalina-d82c3

        • On February 26, 2018 at 5:17 am,
          Excelsior says:

          (EXN) (EXLLF) Excellon Enters Milling Agreement with (HL) Hecla for San Sebastian Sulphide Ore

          Feb. 26, 2018 /CNW/ –

          Highlights

          “Toll milling arrangement expected to commence in 2019 following successful completion of 4,000 tonne bulk sample testing program at Miguel Auza Facility in Q3 2018”

          “Expected milled tonnage of 400 tonnes per day (“tpd”) or 12,000 tonnes per month to be batched processed under formal milling arrangement”

          “Expected to increase the Company’s operating cash flow and reduce milling cost per tonne and all-in sustaining cost (“AISC”) per payable ounce on Platosa Mine production”

          “Ample capacity remains available to process increased Platosa Mine production and potential new discoveries at either Platosa or Miguel Auza”

          https://ceo.ca/@newswire/excellon-enters-milling-agreement-with-hecla-for-san

  34. On February 26, 2018 at 4:30 am,
    OOTB Jerry says:

    Viewership ……indicator tells me we are at a BOTTOM……

    • On February 26, 2018 at 8:33 am,
      OOTB Jerry says:

      Like I said…..Viewership Down….

    • On February 26, 2018 at 5:41 am,
      OOTB Jerry says:

      Remington can now come out of bankruptcy……

    • On February 26, 2018 at 8:42 am,
      Chartster says:

      Something has changed. When they unpack this false flag shooting, they unpack em all…

      Pam Bondi this morning.
      https://m.youtube.com/watch?v=cuar7MdwSr4

      • On February 26, 2018 at 9:35 am,
        OOTB Jerry says:

        “Nothing has changed “, with the NRA, and it’s members wanting to keep arms…..
        and Ditto on your statement…..

  35. On February 26, 2018 at 7:06 am,
    OOTB Jerry says:

    Sales fall for items such as hiking shoes, backpacks suntan lotions, and wall climbing equipment………..https://www.zerohedge.com/news/2018-02-26/peso-pounded-after-mexican-retail-sales-crash-most-5-years

    • On February 26, 2018 at 7:08 am,
      OOTB Jerry says:

      Retailers expect sales to remain subdued until DACA decided……..

      • On February 26, 2018 at 7:09 am,
        OOTB Jerry says:

        (just kidding)

  36. On February 26, 2018 at 7:13 am,
    OOTB Jerry says:

    Home sales fall as mortgages get out of reach for human beings with a brain
    ‘https://www.zerohedge.com/news/2018-02-26/january-new-home-sales-crash-rates-spike

  37. On February 26, 2018 at 7:28 am,
    OOTB Jerry says:
  38. On February 26, 2018 at 8:32 am,
    OOTB Jerry says:
  39. On February 26, 2018 at 9:26 am,
    Matthew says:
  40. On February 26, 2018 at 9:37 am,
    Matthew says:

    The Canadian dollar is still above some important supports:

    http://stockcharts.com/h-sc/ui?s=%24CDW&p=D&yr=1&mn=0&dy=9&id=p83046333737&a=579387550


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