Weekend Show – Sat 10 Mar, 2018

Recapping The PDAC And Tariff News

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For everyone who missed the PDAC conference this year I have most of the first hour dedicated to recap the mood. We also touch on the lack of major deals and M&A activity in the metals sector. To wrap up the first hour we look at how tariffs can impact the financial markets and long-term to the economy. Al and KER Politics are back for the second hour.

I want to thank everyone for tuning in this weekend and throughout the week on our site. Please click the company interviews below this posting to support our sponsors. I try to bring on the best companies to help everyone focus on the higher quality stocks.

Please keep in touch, I love hearing from all of you! Email me at anytime at Fleck@kereport.com.

  • Segment 1 & 2: I kick of the first two segments with John Kaiser. We recap the mood at the PDAC and discuss his thoughts on optionality plays.
  • Segment 3: The Junior Miner Junky David Erfle joins me with his thoughts from the PDAC and why we are not seeing any significant M&A activity in the sector.
  • Segment 4: Chris Temple wraps up the first hour stepping away from the conference and addressing how the markets will be impacted by tariffs.
  • Segment 5: Dr John Huber discusses the psychology behind the numerous recent terrible fatal shootings.
  • Segment 6: We continue our discussion about the role that mental health plays in the Second Amendment.
  • Segment 7: Ryan McMaken proves the point that gun statistics are not the whole story.
  • Segment 8: Big Al discusses the political insights of Harlan Ullman.

Exclusive Company Updates

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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John KaiserDave ErfleChris TempleJohn HuberHarlan UllmanCory Fleck
Al Korelin
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  1. On March 10, 2018 at 3:46 am,
    CFS says:

    Thanks Guys
    Hi, Skeeta


    • On March 10, 2018 at 7:48 am,
      Skeeta says:

      Thanks for the show as always fella’s.
      Much appreciated.
      & hello from Sorrento, Italy.

      • On March 10, 2018 at 8:00 am,
        Excelsior says:

        Skeeta – Safe travels w/ the family in Europe. Cheers!

        • On March 10, 2018 at 9:41 am,
          Skeeta says:

          Thanks Ex,

      • On March 10, 2018 at 11:37 am,
        Big Al says:

        One of my favorite places in the sorld, Skeeta!

      • On March 10, 2018 at 1:34 pm,
        CFS says:

        Skeeta, just 5 days away…..

        Beware the Ides of March.
        (This message might also apply to Mr. Trump.)

        • On March 11, 2018 at 10:22 am,
          Skeeta says:

          Arrived in Rome this morning CFS,
          Leaving here in 5 days ironically.

    • On March 10, 2018 at 11:36 am,
      Big Al says:

      Mr. Dines is one of the most interesting people in the industry.


  2. On March 10, 2018 at 4:21 am,
    CFS says:

    Re: Segment 7:
    Statistics all depends on definitions.

    I dispute the constancy of “homicide” definitions, and thus the validity of statistics saying homicides are decreasing in number.

    • On March 10, 2018 at 4:32 am,
      CFS says:

      there are many factors that can skew the appearance of statistics:
      Medical treatments improve so not so many die.
      Put the number in as a ratio: e.g. deaths per thousand population, or per million of population.
      One has to examine all statistics very carefully, because they are usually massaged to reflect the intent or politics of the author.

      • On March 10, 2018 at 11:41 am,
        Big Al says:

        CRS, I agree with your final sentence.

    • On March 10, 2018 at 11:39 am,
      Big Al says:

      Yes they certainly do depend on definitions, Professor.

      The interesting thing that I got our of this study and sbsequent discission is that the problem is not necessarily the absolute numbers but the causative factors which I find to be terrifying.

      • On March 10, 2018 at 1:23 pm,
        CFS says:

        Given the attack on “family values, and the ever-increasing divorce rate, I agree with you, Big Al.

        Society may be in for much worse before things get better.

  3. On March 10, 2018 at 4:45 am,
    CFS says:

    Re: Seg. 8:
    I expounded a few days ago on why I thought the President was in error in introducing tariffs on steel and aluminum.

    Since the President has modified his position with regards to Canada and Mexico, it is clear that he is switching his policy to many bilateral agreements on trade,instead of a single multi-lateral agreement, and thus I believe Mr. Trump is now on the right track.

  4. On March 10, 2018 at 6:18 am,
    CFS says:
  5. On March 10, 2018 at 7:21 am,
    Excelsior says:

    Professional Mining Stock Investing Advice from David Erfle at PDAC 2018

    MiningStockEducation- Mar 9, 2018

    “At PDAC 2018 in Toronto, Bill Powers of Mining Stock Education teamed up with Nick the Mining Book Guy (@MiningBookGuy on Twitter, YouTube and CEO.CA) to query professional mining stock investor David Erfle (www.JuniorMinerJunky.com) regarding his approach to investing and his current thoughts on opportunities in the resource markets. David shared his thoughts regarding investing in various mining jurisdictions, share structure of junior explorers, specific types of mining investments, his use of JNUG at cyclical bottoms and regarding his current outlook on the gold mining sector.”


    • On March 10, 2018 at 7:27 am,
      Excelsior says:

      Gwen Preston “The Best Outlook In Years – And How To Play”

      “Gwen Preston, Publisher, Resource Maven delivers a presentation at the March 3, 2018 Metals Investor Forum in Toronto.”


      • On March 10, 2018 at 7:28 am,
        Excelsior says:

        Kitco News sits down with Eric Coffin at the March 3, 2018 Metals Investor Forum


        • On March 10, 2018 at 7:29 am,
          Excelsior says:

          Kitco News sits down with Joe Mazumdar at the March 3, 2018 Metals Investor Forum


          • On March 10, 2018 at 7:30 am,
            Excelsior says:

            Brent Cook and Joe Mazumdar: Gold Deals, Stock Pick and What to Avoid in 2018


          • On March 10, 2018 at 7:32 am,
            Excelsior says:

            Rick Rule: One Piece of Advice for Investors This Year

            InvestingNews – Mar 4, 2018

            “Speaking to the Investing News Network on the first day of PDAC 2018, Rick Rule of Sprott US Holdings had this advice for investors.”


          • On March 10, 2018 at 7:33 am,
            Excelsior says:

            Louis James spoke to INN at PDAC 2018 and discussed gold stocks in 2018.

            InvestingNews – Mar 4, 2018


          • On March 10, 2018 at 7:34 am,
            Excelsior says:

            David Morgan of The Morgan Report spoke to INN at PDAC 2018 and discussed why Silver is going to outperform Gold this year.

            InvestingNews – Mar 4, 2018


          • On March 10, 2018 at 7:35 am,
            Excelsior says:

            “Kai Hoffmann, the CEO of North America’s leading provider of relevant financing information in the junior commodities space, talks about the recent dip in financings and what means with respect to PDAC 2018.”

            InvestingNews – Mar 4, 2018


          • On March 10, 2018 at 7:36 am,
            Excelsior says:

            “Dr Kal Kotecha of Junior Gold Report spoke to INN at PDAC 2018 about his publication and future of gold stocks. ”

            InvestingNews – Mar 5, 2018


          • On March 10, 2018 at 7:38 am,
            Excelsior says:

            “Junior Stock Review Founder, Brian Leni talks to INN at PDAC 2018 about the gains in the cannabis and crypto sector in 2017 and shares his thoughts on the zinc space right now. ”

            InvestingNews – Mar 8, 2018 (also Nickel sector focus).


          • On March 10, 2018 at 7:39 am,
            Excelsior says:

            Adrian Day: 2018 Will be a Positive Year for Gold and Gold Stocks

            InvestingNews – Mar 8, 2018

            “Adrian Day of Adrian Day Asset Management talks to INN at PDAC 2018 about the impact of bitcoin on junior gold stocks. ”


          • On March 10, 2018 at 7:40 am,
            Excelsior says:

            “CPM Group Managing Partner, Jefferey Christian talks to INN at PDAC 2018 on why this is the best, most productive PDAC he’s ever been to in 20 years. ”


          • On March 10, 2018 at 7:41 am,
            Excelsior says:

            James Kwantes, editor and publisher of Resource Opportunities, talks to the Investing News Network at PDAC 2018 about the conference and his thoughts on diamond and other commodities. (Graphite and Graphene business)


          • On March 10, 2018 at 7:42 am,
            Excelsior says:

            Chris Berry from House Mountain Partners talks to INN at PDAC 2018 regarding investor interest in the battery metal sector.


        • On March 10, 2018 at 7:44 am,
          Excelsior says:

          Gold Newsletter Editor Brien Lundin talks to the Investing News Network at PDAC 2018 about the most interesting pitches and ideas he’s heard at the show and how we’ve seen the US dollar move in 2018.


      • On March 10, 2018 at 7:45 am,
        Excelsior says:

        Rob McEwen of McEwen Mining speaks to the Investing News Network at PDAC 2018. He discusses inovation in the mining industry and the future of gold.


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

          Rob McEwen: We’re In The Beginning Of A Bull Market
          Kitco News – Mar 7, 2018 #VIDEO #PDAC #GOLD

          “We are entering the early stages of a #commodities cyclical bull market that could last another 10-12 years,” said Rob McEwen, Chairman of $MUX McEwen Mining.


    • On March 10, 2018 at 7:47 am,
      Excelsior says:

      $USAS $USA Americas Silver Corporation |
      We’re Going To Be The World’s Lowest Cost #Silver #Producer In 2018

      InvestingNews – Mar 8, 2018 #VIDEO

      “Americas Silver Corporation President and CEO, Darren Blasutti talks about important things investors should know about, what makes the company unique, and near-term milestones to watch out for. ”


    • On March 11, 2018 at 3:56 am,
      Excelsior says:

      (SGX) (SGGDF) Sage Identifies New Vein Structures at Clavos

      Feb. 27, 2018 (Globe Newswire)

      “The Company is currently updating its Mineral Resource estimate, adding several hundred historical and recent drill hole composites from the definition and exploration drilling completed over the past few years. The new resource modeling which factors in a higher drill hole density, has resulted in the identification of three new vein systems which now aggregate to a total of seven vein systems. These new vein systems are expected to have a positive impact on the total tonnage and ounces contained in the new resource model. In addition, a revised mine plan is being prepared to focus on higher grade mineral resource areas defined in the current resource model.”


      • On March 11, 2018 at 7:55 pm,
        Excelsior says:

        SmallCap-Investor Interview w/ Bryan Slusarchuk, President & Director $KNT $KNTNF K92 Mining

        SmallCap InvestorTV – Feb 9, 2018 #VIDEO #Gold #Development #Production


  6. On March 10, 2018 at 7:44 am,
    anon says:

    PDAC 2018 Bingo… always fun – http://www.pennyminingstocks.com/pdac-2018-bingo/

    • On March 10, 2018 at 7:50 am,
      Excelsior says:

      🙂 Those Bingo cards are funny year after year.

      Here’s one from 2016:


    • On March 10, 2018 at 7:58 am,
      Excelsior says:

      What did I learn at PDAC?
      March 09, 2018 – Alpha Mining


      • On March 10, 2018 at 8:48 am,
        Excelsior says:

        Goldilocks And The Liquidity Bears

        JesseFelder – March 9, 2018

        “While most investors and pundits are currently focused on optimistic analyst earnings estimates for the coming year there’s another far more important phenomenon underway that deserves more attention. Three years ago Stan Druckenmiller gave a very important speech to a very exclusive group of listeners in which he disclosed the single greatest source of his tremendous success as an investor: central bank mistakes. Well, it looks as if some at the Fed are beginning to worry, like Stan, that they have now made the same mistakes they made in prior cycles all over again.”

        “In that same speech several years ago, Druckenmiller also disclosed what he sees as the single most important factor behind major market moves:”

        “Earnings don’t move the overall market; it’s the Federal Reserve Board… focus on the central banks and focus on the movement of liquidity… most people in the market are looking for earnings and conventional measures. It’s liquidity that moves markets.”

        “And the Fed is not only removing liquidity now, according to Ms. George, the they are clearly considering doing so at an even faster rate in the future. This has important implications for asset prices.”


        • On March 11, 2018 at 5:54 pm,
          Excelsior says:

          Focus with Rick Rule and Doug Casey: Golden Goose Nesting Soundly

          March 09, 2018 – Remy Blaire – Sprott Media

          “Sprott U.S. Holdings Inc.’s President and CEO, Rick Rule, spoke to veteran investor and market economist, Doug Casey. Rick and Doug offer colorful insights into a variety of intriguing topics that will leave you with as many questions as answers.”

          “With decades of experience in the commodity markets it can be an easier feat to weather the storms and bask in the rays of the golden ages. Doug says it is inevitable that the “bad times turn into the good,” and cyclicality comes with the territory. As Rick and Doug reflect on the past 35 years they discuss whether we are at “the beginning of a bull market in commodities” or not…”


          • On March 11, 2018 at 5:59 pm,
            Excelsior says:

            From that article above. ^^ (Doug Casey riffing to Rick Rule)

            “Idiotically, you and I both specialized in resource stocks. And once again, looking at it from a long-term point of view, the longest bear market in history is the decline in commodity prices. It has been going on for 10,000 years. Commodity prices have constantly gone down relative to value of human labor for instance.”

            “But where are we right now in early 2018? I think we’re at the very beginning of a really big bull market. And I say that for a number of reasons. So even though I’m gloomy on a lot of things, I think that we have an excellent chance of making a real killing in the next few years in commodities. It’s nearly the only part of any financial market (including bonds and real estate) that’s cheap and that’s where we are. So I think we’re going to be rewarded.”

  7. On March 10, 2018 at 7:57 am,
    Excelsior says:

    Why Investors Go to Copper as an Inflation Hedge

    Jeff Desjardins – The Visual Capitalist – March 6, 2018


    • On March 10, 2018 at 7:58 am,
      Excelsior says:

      Why Electric Vehicles Could Fracture the Nickel Market

      Andy Home – March 8, 2018

      “China, already a leader in the electric vehicle (EV) battery sector, is evidently laying the ground for stimulating imports of nickel in the most readily usable composition for lithium-ion battery processing.”

      “Batteries are still a relatively small part of nickel’s usage profile, representing about 4 percent of global demand, according to the International Nickel Study Group.”

      “But everyone knows that ratio is only going to increase as the electric vehicle revolution builds momentum.”

      “As it does, however, it could fragment an already cracked market, both in terms of the supply chain and pricing.”


      • On March 12, 2018 at 4:23 am,
        Excelsior says:

        (HRR.AX) (HER) (HRLDF) Heron completes draw-down of US$16M Silver Stream prepayment
        by @nasdaq on March 11, 2018

        Heron’s Managing Director, Wayne Taylor, commented:

        “The draw-down of the US$16M silver stream prepayment is a significant milestone for the Woodlawn project finance and was subject to the completion of specific conditions precedent, all of which have been satisfied. The prepayment is being drawn-down in accordance with the project timeline with the funds to be utilised for Woodlawn plant construction activities. The project is advancing to schedule and once in production will position the Company to capitalise on favourable conditions in the physical zinc market.”


  8. On March 10, 2018 at 8:03 am,
    Excelsior says:

    Cheap Gold Stocks Basing

    Adam Hamilton – Mar 09, 2018

    “The small contrarian gold-mining sector remains deeply out of favor, universally ignored. Thus the gold stocks are largely drifting listlessly, totally devoid of excitement. But that’s the best time to buy low, when few others care. The gold stocks continue to form strong technical bases, paving the way for massive mean-reversion uplegs. And they remain exceedingly cheap relative to gold prices, which drive their profits.”


    • On March 10, 2018 at 8:04 am,
      Excelsior says:

      Gold Stocks & Silver Oversold but Not Gold

      March 06, 2018 – JORDAN ROY-BYRNE CMT, MFTA


    • On March 10, 2018 at 8:47 am,
      jhpace1 says:

      With the blatant manipulation of the precious metal markets after 2011, from the miner to the seller, who would buy in such a market? Wait for the predictable FOMC meeting/holiday dips and ignore the markets the rest of the year.

      • On March 10, 2018 at 9:32 am,
        Excelsior says:

        I must be Complicit in the Suppression of Gold and Silver

        Bob Moriarty – Mar 06, 2018

        “So when John Embry pronounced on King World News that, “the blatant suppression of gold and silver prices which has been ongoing for decades. . . has become so blatant in recent days that only someone who is very stupid, hopelessly naïve, or in some way complicit, would not acknowledge it.”

        “Then I realized Embry was running a reverse IQ test. He wanted to see if King World News was dumb enough to ignore the fact that silver rising 1150% from 2001 until 2011 was as conclusive a proof as any court would require as beyond a reasonable doubt that silver was certainly NOT suppressed. Or if it was, it was the worst job of suppression in the history of the universe. Silver held one of the greatest rallies in the history of all commodities in that ten year period. Gold was far more “suppressed”, only rising 663% from 1999 until September of 2011.”


  9. On March 10, 2018 at 8:09 am,
    pardu says:

    Big Al, I reiterate what I posted previously about the issue of guns, fatherless homes etc., as I find these situations being central in causality of many of the gun violence incidents. I am in line with what you have been saying. The problem you raise is how do we change the family dynamic and mental health dynamic or anger in this society and frankly, I believe that moral teaching in the home is paramount, but one cannot force others to do so.

    All we can do is to inform, educate, persuade with long-suffering love and concern, hoping our approach may influence some to change for the better. After all, that is one on the major goals of religion, to change people for the better based on true principles.

    The following excerpt from a proclamation on the family is how my church expresses what would help society:

    “HUSBAND AND WIFE have a solemn responsibility to love and care for each other and for their children. “Children are an heritage of the Lord” (Psalm 127:3). Parents have a sacred duty to rear their children in love and righteousness, to provide for their physical and spiritual needs, and to teach them to love and serve one another, observe the commandments of God, and be law-abiding citizens wherever they live. Husbands and wives—mothers and fathers—will be held accountable before God for the discharge of these obligations.
    THE FAMILY is ordained of God. Marriage between man and woman is essential to His eternal plan. Children are entitled to birth within the bonds of matrimony, and to be reared by a father and a mother who honor marital vows with complete fidelity. Happiness in family life is most likely to be achieved when founded upon the teachings of the Lord Jesus Christ. Successful marriages and families are established and maintained on principles of faith, prayer, repentance, forgiveness, respect, love, compassion, work, and wholesome recreational activities. By divine design, fathers are to preside over their families in love and righteousness and are responsible to provide the necessities of life and protection for their families. Mothers are primarily responsible for the nurture of their children. In these sacred responsibilities, fathers and mothers are obligated to help one another as equal partners. Disability, death, or other circumstances may necessitate individual adaptation. Extended families should lend support when needed.”

    Now, I know some on your website may not see some of these statements in the same light I do, due to different beliefs, but I believe the basic declarations indicated in the proclamation gets to the heart of so many of the problems and issues being discussed in our society.
    I was fortunate to be raised by parents (not church goers) who were good and decent individuals and though I do not remember them ever articulating good moral principles verbally, I came to understand what was expected of me, in being a decent individual as I grew up. This understanding prevented me from getting involved in several less than moral situations, even while in the Navy, because the first thing that came into my mind was “What would my parents think?”
    I believe that such good parental nurturing could prevent a multitude of what we face in society today.

    • On March 10, 2018 at 8:52 am,
      OOTB Jerry says:

      Well said…………
      ..Hebrews 13:8 King James Version (KJV)
      8 Jesus Christ the same yesterday, and to day, and for ever.

  10. On March 10, 2018 at 8:22 am,
    Silverdollar says:

    Cory: Thanks for the discussion with David Erfle. Fact is it’s a good time to drink upstream from the crowd………(James Dines). Eventually they will arrive looking for better grazing.
    Al: Some very good insight from Mr. Ullman on all aspects of trump’s actions during the recent past. Glad you are visiting with this man…..it’s good that you may be questioning some of your beliefs on trump!
    Personally, I look for trump to be outfoxed by the Asian.

  11. On March 10, 2018 at 9:11 am,
    Markedtofuture says:

    Bo Polny – Bitcoin… The BULL Returns!


    • On March 10, 2018 at 9:56 am,
      Excelsior says:

      Hang on Tight with Crypto Wars — Issue No. 16

      March 9, 2018

      >> Your dose of crypto news and analysis from @BTO and @Goldfinger


      • On March 10, 2018 at 10:26 am,
        Ulf says:

        I hear there are several VAT’s being built by Mexus for the Ures. Hope that is enough to stop the bleeding. That Elena mine will be the ruin of me. Hope they can change things around some way.

        • On March 10, 2018 at 1:10 pm,
          Excelsior says:

          I’m not concerned about good ole’ Mexus, as they are plugging right away.

          The Santa Elena mine will be a cash cow moving forward with only $450 all in costs, and they are finally starting to produce Gold & Silver from the leach pads and have the 2nd Merrill Crowe plant in place now. Also their El Scorpio Copper project will be coming online into production over the next year.

          MXSG has a ton of catalysts coming up for some good news flow, and the market just doesn’t know how to value them without having a huge board and without doing tons of capital raises in the markets.

          Their JV with private Mexican operator isn’t well known by investors either, even though MarMar has operated for some of the largest miners in Mexico, so that keeps them under the radar a bit. That is fine by me as they won’t stay that way.

          The biggest road block I see is not having a Canadian or Australian listing and only being available on the OTC markets but not the bigger boards. However, that is the same thing that allows their valuation to remain so muted in the face of moving into production with very low debt, reasonable metals prices, and very low operational costs. Over time, they’ll grow into 2 and then 3 mines and people will wake up to what they have going on.

          • On March 10, 2018 at 1:13 pm,
            Excelsior says:

            (MXSG) Mexus releases report on Ures property showing high grade gold; Santa Elena update

            March 5th, 2018

            Mr. Lemas added, “Additional drilling should confirm the extent of these porphyry systems. I’m thrilled that Mexus has 3 high grade systems within close proximity to each other. The company will be able to expand its geological reporting as we build out the initial mine.”

            “Mexus Gold US is an American based mining company with holdings in Mexico. Mexus recently joint ventured its flagship property with MarMar holdings of Mexico. The fully owned Santa Elena mine is located 54km NW of Caborca, Mexico. The mine is producing gold. The company is also a partner with MarMar holdings at the San Felix mine in Northern Mexico. This 26,000 + acre property is ready for production which is planned for 2018. Mexus also owns rights to the Ures property located 80km N of Hermosillo, Mexico. This property contains 6900 acres and has both gold and copper on the property. The company is currently moving equipment to property and will begin mining shortly.”


          • On March 11, 2018 at 5:38 am,
            Ulf says:

            I am happy you are still so positive. With a little luck, we will bot be rewarded handsomely very soon. I am biting my nails at the moment, but as long as you remain optimistic, I will hope for the best. But next time they pour something, it better be more than 8 oz, lol. It’s tricky and time consuming to get it right. Maybe something will come before March is over in that regard. Hope so. One can’t blame the suspense. That’s for sure.
            Many thanks for your input, I will probably get back to you when I start to worry again 🙂
            Fingers crossed for a golden future!

          • On March 11, 2018 at 9:26 am,
            Excelsior says:

            Hi Ulf – You should definitely do your due diligence to see if holding the stock into their production story and the associated risks are right for you. I’m not advising anyone to buy or sell anything, and merely responding with my own thoughts and opinions. We all have to make our own decisions, but to me Mexus is an easy buy down here at these levels.

            Yes, it’s understandable for someone an investor to be worried, considering the severity of the pullback from late 2016 to early 2018, but this is a very thinly traded microcap stock, and most of the larger share-count is held by firm hands that aren’t going to sell. Who we saw sell over the last year or so is the fickle retail momentum traders that have no idea what Mexus is actually working on, the economic, or the scope of their multiple properties.

            Personally, I got in early a 1/3 of a cent in 2016 and sold a bunch on the way up to $.20, so I had a large free ride position since late 2016. It helped me hang on without the nail biting, but I’ve actually been adding to my position down here and raising my cost basis and position size, because they went from overbought to now very oversold. Personally I love it when retail investors give up and go home to try the next shiny thing, because I’m happy to buy their stock from them at a huge discount. When this goes back up to $.20+ and takes out the old high, then they’ll come pouring back in again, and I’ll sell those shares back to them at a 10x gain.

            MXSG had good momentum going in late 2016 when they were about to go into production at Santa Elena, but then they had a series of delays going into production in 2017 to get the leach pads expanded, and deal with the clay in the recovery process, and eventually to bring in a larger Merrill Crowe unit. It wasn’t that expensive, but it cost them on time and investor patience.

            > It took them all last year to get it all figured out, but now they have things back on track for 2018 and are leaching away, and about to start the next phase of processing the pregnant solution.

            In addition they are going to be moving towards production on their El Scorpio Copper asset later this year, and they already have their leach pad and Merrill Crowe unit in place at their San Felix gold property, so they’ll be able to move into production there in the next year or so, and have indicated in prior releases that this is their plan.

            I’m sure they’ll have a few kinks to work out at both properties, which is par for the course with the initial mining, but hopefully they learned a few valuable lessons while bringing San Rafael into production that they can apply to El Scorpio & San Felix. My experience with developers that start producing is that they typically have issues when they start production and the share price gets sold down by impatient investors. (look what we’ve seen at Golden Queen after their production launch in 2016, or Red Eagle last year, etc…) However once the kinks get worked out, their 2nd, 3rd, 4th years are typically much better, and if the metals prices cooperate with a mild rise later this year, then all these small producers can easily double or triple just on new eyeballs seeing how undervalued they are.

            ** By this time next year MXSG should have 3 different mines in production (2 Gold/Silver & 1 Copper) and with extremely low operational costs and minimal debt. If that story was playing out on a company that was in Canada or the US they’d have a hell of a lot more than a $16 Million market cap. There are explorers that have no idea if they’ll ever have an economic mine with 2-3 times that market cap (and odds are that those explorers do NOT have an economic mine as only 1 – 3,000 deposits actually make it across the finish line to become a mine).

            Bottom line, while some felt their market cap was getting a bit stretched pre-production near $100 M, that was only because they weren’t yet into production. Now they are finally ramping up to production at Santa Elena, and will be starting to mine from El Scorpio & San Felix in the next year, they’ve added to their team of managers and miners, updated their website, and now they are at 1/8th the market cap from the end of 2016.

            That sure seems like a value perception arbitrage to me. This is going to be an easy multi-bagger from current levels and feel very comfortable adding at $.02 when they are intrinsically a far more valuable company and much further ahead now than when they were at $.20. Unfortunately for most investors they are wired the exact opposite way, and can’t seem to buy at $.02 when things are cheap, but will likely start buying when the old high near $.235 is taken out. People are great !

          • On March 11, 2018 at 1:25 pm,
            Ulf says:

            Oh i agree, The share price drop has created massive opportunity IF they solve things, I have added about 50% more at 5 cents, just before the latest drop, bad luck with that timing, But if/when they start making money, oh boy will it run up hard! I guess I am worried about dilution and all that. paranoia is a good friend to have sometimes. Dividends will be ours one day. it’s a good thing they don’t have much costs. makes the waiting a bit easier. Cheers good luck!

          • On March 11, 2018 at 5:09 pm,
            Excelsior says:

            Yes, the low costs for Mexus are a boon, as is the relatively low debt. They don’t have much money in the treasury so I’m looking forward to them starting to get some Gold & Silver coming out of Santa Elena to fund their G&A and next 2 mines. Unlike most Jr miners they really haven’t done that many capital raises and most of the shares were issued years ago, but at one point when they have things moving in a good direction and they get the share count back up, it may be wise to roll back the number of shares with a 4:1 or 5:1 to attract new buyers, but again AFTER they get their share price back up near $.20-$.23 again.

            I would also like to see MXSG develop a real board of directors (with 4-6 members) once they can afford to pay them from production. As an investor I want a contingency plan in place in case something happens to Paul. Lastly, it’s just a pet peeve but I’d like to see them post a legitimate Corporate Presentation on their website for investors new to the story.

            * Good trading to you as well Ulf, and may you have a prosperous year.

      • On March 11, 2018 at 12:53 pm,
        Markedtofuture says:

        *MICHELLE WHITEDOVE’s Hot CRYPTO Predictions Feb 24, 2018

        *Bitcoin is a good one! It will stay as a long term currency
        (Todays market $9,733.71 )

        *Bitcoin cash is where I would tell my people to go, because that’s going to be bigger than Bitcoin, and the government is not in that yet. Bitcoin Cash will be the very thing that the original Bitcoin was supposed to be! Bitcoin cash is the next big thing. That’s where I tell my people to put their money now!
        (Todays market $1,185.09 )

        *NEO – Yes, NEO will be very big and powerful! It’s China’s equivalent to Bitcoin, you can buy in and they give dividends!
        (Todays market $118.00 )

        *Omisego OMG – Love this one, buy and hang on, it will increase but slowly.
        (Todays market $17.16 )

        *Theta – Is my top pick! It’s in its start-up stage – I predict it’s going to be huge – into the thousands!!!!
        ( Todays market $0.13 )

        *Litecoin – It’s projection looks really good. I see it going into the thousands!
        (Todays market $205.00 )

        —Take note, a lot of Cryptocurrencies will be created, but will fade out—

        Ethereum – Yes. its is going to be good! It will go up, cash out. It’s about get in, get out. Timing. Its good for now, but it will come and go.
        ( Todays market $840.00 )

        Digibyte – is a long term investment, it will go up and it will be great.
        (Todays market $0.03 )

        Ripple is good for now, but it will come and go.
        ( Todays market $0.95)

        Reddcoin RDD – Yes, invest now, it’s a work in progress but it will be worth it down the road. (Todays market $0.01 )

        Hempcoin – That’s not going to be as big as everybody thinks it is. It’s a barter system, people will actually be able to go buy marijuana with an untraceable Hempcoin. I see it as more of a tool than an investment.
        (Todays market $0.13 )

        Populous – is down right now, but I see it going to $80 and climb – good for the long run
        (Todays market $21.70 )

        Veritaseum – This is a good one, get in now, it will move up quickly.
        (Todays market $227.33 )

        Pillar – dirt cheap now, buy and hold, I see it going up in the long run.
        (Todays market $0.81 )

        Crypto Exchanges: Gemini Exchange, Is supposed to be a big blow up crypto exchange, but it isn’t. I see it now but it goes out.


        • On March 11, 2018 at 5:11 pm,
          Excelsior says:

          Markedtofuture – interesting breakdown of the different cryptos and altcoins.

  12. On March 10, 2018 at 1:17 pm,
    russell s hamilton says:

    rachel maadow the reporter had another stunning program . She and her staff have discovered more corruption in the RNC assitant director involved in wide range of things including an offer of 75 million to call off the couroption probe by FBI of the malaysian prime minister . The sums he stole may be over 3 billion dollars . Thi8s guy also knows some people invilved in the trump campange. WOW S

    • On March 10, 2018 at 2:22 pm,
      Matthew says:

      That mad cow is no reporter; she’s a worthless political hack.

      • On March 10, 2018 at 3:27 pm,
        OOTB Jerry says:

        Big Ditto on that one………

        • On March 10, 2018 at 3:29 pm,
          OOTB Jerry says:

          nothing surprises me on the corruption…….by all the parties……

        • On March 11, 2018 at 10:01 am,
          David says:

          Name calling. Such a great way to argue. Just call someone a name and move along as if you haven’t just proven the opposition’s argument. The next step is for everyone to support name calling. Then everyone goes to the Dairy Queen for some ice cream to celebrate their fantastic argument.

          • On March 11, 2018 at 11:30 am,
            Matthew says:

            Did I say it was an argument? Some people have proven that they deserve no respect whatsoever and that mad cow is one of them. Those who lack disdain for her are either ignorant or criminal. In other words, David, I have no interest in arguing with the kind of geniuses who’d fall her garbage in the first place. Such “thinkers” are a lost cause in my experience.

          • On March 11, 2018 at 5:06 pm,
            Matthew says:

            Btw, Dennis Kucinich is an example of someone on the left who does deserve respect. Most of his views are still wrong but his integrity is head and shoulders above most of his counterparts.

      • On March 11, 2018 at 9:20 am,
        bonzo barzini says:

        Right arm, Matthew! Rachel Madcow, Hillary, Fauxcahontas, Pelosi, Sheila Lee Jackson, etc. are all worthless hacks.

        • On March 11, 2018 at 12:37 pm,
          David says:

          Build the ovens…the trains are on the way.

          • On March 11, 2018 at 1:32 pm,
            Matthew says:

            David, the Nazi’s were 100% lefty. It’s time you part with your indoctrination, don’t you think?

          • On March 11, 2018 at 1:46 pm,
            Matthew says:

            The Unique Evil of the Left

            The right (properly understood), …according to the great classical liberal Erik von Kuehnelt-Leddihn, “stands for free, organically grown forms of life.”

            The right stands for liberty, a free, unprejudiced form of thinking; a readiness to preserve traditional values (provided they are true values); a balanced view of the nature of man, seeing in him neither beast nor angel, insisting on the uniqueness of human beings which cannot be transformed into or treated as mere numbers or ciphers. The left is the advocate of the opposite principles; it is the enemy of diversity and the fanatical promoter of identity. Uniformity is stressed in all leftist utopias, paradises in which everybody is the same, envy is dead, and the enemy is either dead, lives outside the gates, or is utterly humiliated. Leftism loathes differences, deviations, stratifications. … The word “one” is its symbol: one language, one race, one class, one ideology, one ritual, one type of school, one law for everybody, one flag, one coat of arms, one centralized world state.

            (Yes, all neocons and probably 80-90% of Republicans today are more left than right.)

      • On March 11, 2018 at 12:57 pm,
        Markedtofuture says:


        • On March 11, 2018 at 1:37 pm,
          David says:

          Right all the way. Wealth in the hands of politicians and corporations. Fascist by definition.

        • On March 11, 2018 at 1:58 pm,
          David says:

          Left is right. Up is down. Wrong is right. And markets aren’t manipulated. It’s good to be King.

          • On March 11, 2018 at 2:07 pm,
            Matthew says:

            Is that what you call an argument? (Lol)

          • On March 11, 2018 at 3:08 pm,
            David says:

            The argument appears to be the value of human life. When human life is treated with hate, belittling comments and other derogatory comments, then there appears to be an insecurity that finds a need to place others in an inferior position. This is common in personality disorders, but should not be assumed to be a valid position as part of a political theory. Failures of our leadership should not be viewed as condoning value judgements on who wins or loses as a national policy., contrary to the Constitution. The Constitution should not be disregarded and the legal system neutralized because of individual hatreds, bias or prejudices.

          • On March 11, 2018 at 3:33 pm,
            Matthew says:

            Wrong. There is more than sufficient evidence to support my assessment of the mad cow and the threat she represents. You obviously haven’t done your homework if you can’t fathom the destructive forces of your collectivism and its shills.

            Your last sentence is correct and the power brokers on the left disagree with it completely. Open your eyes.

          • On March 11, 2018 at 3:41 pm,
            David says:

            So calling people names is your answer for avoiding things you can’t deal with. I find that weak argument. This is circular as it is not about issues, but threats to personal self image.

          • On March 11, 2018 at 4:20 pm,
            Matthew says:

            If you’d educate yourself you’d know that this is about sound principals versus criminal ones and you’d feel like a dope for defending such dishonest and despicable people.

            You can show them respect all you want but you’ll keep your ignorance in neon lights in doing so.

            Enjoy your bliss.

          • On March 11, 2018 at 6:55 pm,
            David says:

            I am a retired prosecutor. Thanks for the advice about criminals.

  13. On March 10, 2018 at 10:45 pm,
    CFS says:

    “…. It all comes back down to the Clinton Foundation and the criminal syndicate.”

    Is former President Obama involved with the Clinton crime syndicate? Shipp says, “Yes, I am absolutely convinced of it. George Soros gave $30 million to Obama’s campaign. Then he gave $27.1 million to Hillary Clinton’s campaign. Both Obama and Clinton are tied directly into George Soros. Obama was put into office with millions of dollars that came out of nowhere.

  14. On March 10, 2018 at 10:48 pm,
    CFS says:

    A worldwide Fraud: The Clinton Global Charity Fraudation.


    • On March 11, 2018 at 7:47 am,
      CFS says:

      Melissa Hodgman: Another name to be interested in.

      When and why appointed director Enforcement SEC?

      • On March 11, 2018 at 7:58 am,
        CFS says:

        Maurice Strong: another name to follow….

      • On March 11, 2018 at 8:10 am,
        OOTB Jerry says:

        LAWYERS……..all have something in common…….

        • On March 11, 2018 at 8:20 am,
          OOTB Jerry says:

          Corrupt as HELL………….

      • On March 11, 2018 at 8:11 am,
        OOTB Jerry says:

        Wonder why the gold is suppressed…………SEC

    • On March 11, 2018 at 8:00 am,
      OOTB Jerry says:

      Verifies……..some of the death list of Clintons.

      • On March 11, 2018 at 8:03 am,
        CFS says:
        • On March 11, 2018 at 8:07 am,
          CFS says:

          Do you believe in coincidences?

          • On March 11, 2018 at 3:17 pm,
            OOTB Jerry says:

            Glad to see the summary from SGT……..

          • On March 11, 2018 at 3:18 pm,
            OOTB Jerry says:

            Merkel and Hitler………..

          • On March 11, 2018 at 3:19 pm,
            OOTB Jerry says:

            Looks like I was right about Barry all the time……. 🙂

          • On March 11, 2018 at 3:20 pm,
            OOTB Jerry says:

            Wonder how many people will be eating crow………

          • On March 11, 2018 at 3:22 pm,
            OOTB Jerry says:

            You will know them by their fruits…………..

          • On March 11, 2018 at 3:31 pm,
            OOTB Jerry says:

            Someone will not be doing Gods work any longer…..Blankfein….Goldman saker , stepping down, after the Cohn man gets booted………….LOL

      • On March 11, 2018 at 8:03 am,
        OOTB Jerry says:

        5 Eyes…….interesting in that the 5 eyes….were noted by “Q”…..all spying on each other.

    • On March 11, 2018 at 8:07 am,
      OOTB Jerry says:

      Good one on the Comey question…………

      • On March 11, 2018 at 8:09 am,
        OOTB Jerry says:

        guided the investigation of Hilly………to where HE(they) wanted it to go.
        International Cabal…

        • On March 11, 2018 at 8:13 am,
          OOTB Jerry says:

          FBI……..upper management corruption……….

          • On March 11, 2018 at 8:25 am,
            OOTB Jerry says:

            Twisted MONARCHY ……….DOJ, FBI

  15. On March 11, 2018 at 3:04 am,
    Gordon Hammerud says:

    Corey, was your comment in segment 1 or 2 about the 2016 run up of the PMs maybe being just a “dead cat bounce” just an expression of frustration or do you see that as a real possibility with unpleasant implications for PMs as we go forward? Thanks.

  16. On March 11, 2018 at 9:22 am,
    Matthew says:

    SILJ has improved further versus GDX and that is a definite positive for the whole sector:


  17. On March 11, 2018 at 3:26 pm,
    Markedtofuture says:

    ARV.AX ARTTF Positive Pit Optimisation Outcome on Weerianna Gold Project- Karratha, Western Australia

    Weerianna gold deposit Mineral Resource estimate of 1 million tonnes at 2.2 g/t Au was optimized at a gold price of A$1,650/oz to assess potential first 4 months of Radio Hill Processing Plant feed options, at the rate of 50,000 tonnes per month, from June 2018.


  18. On March 11, 2018 at 8:27 pm,
    Dennis M. O'Neil says:

    SLAVE OWNERS HATE TARRIFFS – We have endured a century of being told tariffs are EVIL. Who has been telling us this? Cheap tariff free consumer goods bought with after tax dollars are NET expensive.

    The 13th and 14th Amendment cracked down on chattel slavery and involuntary servitude in the U.S. and its territories. Since then those comfortable profiting from slave labor and highly abusive labor practices have been on a least common denominator search for cheap overseas labor. After harvesting cheap labor overseas these modified slave owners import the production derived from their abusive labor practices to domestic markets. Tariffs are abhorred by the oppressors because they cut into their contrived high profits from their worldwide labor abuses. They spin their abusive modified slave ownership practices with positively marketed terms like ‘globalism’ and ‘free trade’. They also, like a good Marxist, ridicule any obstacle to their profits by coining negative terms such as ‘isolationism’ and blame tariffs for every economic set back.
    The period between the Civil War and the re-creation of U.S. Central Banking Aka the Federal Reserve(1913) was the most productive economic period in U.S. history without a central bank and/or an income tax. Nearly all of the U.S. income during this period was derived from tariffs and sin taxes. However, our countries’ ill-advised return to Central Banking, not so coincidentally passed contemporaneous with the 16th amendment allowing for taxing U.S. citizens’ income was a devious deceitful designed dance to swap U.S. federal tariff income with direct taxes on U.S. citizens’ income.
    With this the slave owners had a WIN WIN WIN. They could import abusively produced goods tariff free and sell their production to U.S. tax slaves. Domestic production was disadvantaged because of higher for the most part civilized labor cost and more intense regulation which much more than made up for the cost of imports’ freight expense.
    Then Madison Avenue barraged the U.S tax slave with propaganda and the sleight of hand illusion that the absence of tariffs made their purchases cheap. All the while their labor was on average increasingly taxed. As progressivism took hold the tax slave was taxed more and more. We not only imported consumer goods we imported ideas we once fought strongly against. Bumper sticker hyped ’Free Trade’ and ‘Globalism’ gradually stripped the country of healthy domestic manufacturing and productivity. And the reality was and is when we factor in the fact that the U.S. tax slave purchases of imported tariff free goods were/are made with after tax dollars the net result is the supposed cheap purchase costs the U.S. debt slave more.

  19. On March 17, 2018 at 11:43 am,
    MikePompeo says: