Weekend Show – Sat 28 Apr, 2018

Hour 1 – Investment and Markets – Recapping This Year So Far

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As many of you know my wife gave birth to our amazing daughter on Monday (click here to see the baby’s picture). Mommy and baby are doing well! I have taken this week off as we were able to go home on Friday. This weekend’s show consists of some of the more listened to weekend segments from this year so far. I will be back at in next week so please enjoy a recap of KER highlights this year.

  • Segment 1: Replay from January 6 – We continue to discuss the broad commodity complex with Fund Manager Dana Lyons
  • Segment 2: Replay from March 17 – Since Novo released news this week from the bulk sample at Comet Well this was a in-depth interview with Quinton Hennign on the exploration underway.
    • Quinton Hennign, President and CEO of Novo Resources joins me to update us all on Novo Resources. We discuss the balance between exploration and potential for test mining.
  • Segment 3: Replay from February 10 – US exports are up but the trade balance is still deteriorating. Marc Chandler and I discuss.
  • Segment 4: – Replay from February 3 – Joe Mazumdar shares his thoughts on a number of resource markets. We look at PMs, Copper, Zinc, and Lithium.

Interviews This Week Worth Noting

Segment 1

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Segment 2

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Segment 3

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Segment 4

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Dana LyonsQuinton HennighMarc ChandlerJoe MazumdarCory Fleck

  1. On April 28, 2018 at 3:27 am,
    Skeeta says:

    Thanks for the weekend show guys.
    Much appreciated as always.

  2. On April 28, 2018 at 3:52 am,
    Excelsior says:

    Looking forward to a good weekend show “recap”. Thanks guys.

  3. On April 28, 2018 at 3:54 am,
    Excelsior says:

    A Shooting Star Forecasts #Dollar Weakness

    April 27, 2018 – Gary Wagner

    #TechnicalAnalysis #VIDEO #Gold #Silver #Platinum


    • On April 28, 2018 at 3:56 am,
      Excelsior says:

      Gold To Slide To $1,312; Silver Overdue For Breakout – Phil Streible (Part1)

      Apr 27, 2018 – Guest(s): Phillip Streible Senior Market Strategist, RJO Futures


      • On April 28, 2018 at 3:57 am,
        Excelsior says:

        Barrick Signals Higher Prices For Miners
        Morris Hubbartt – posted Apr 27, 2018

        Super Force #PreciousMetals #Video #TechnicalAnalysis


        • On April 28, 2018 at 4:00 am,
          Excelsior says:

          Gold Should Bounce

          Todd ‘Bubba’ Horwitz – Friday April 27, 2018


        • On April 28, 2018 at 8:38 am,
          Matthew says:

          AUY also signals higher prices:

          • On April 28, 2018 at 8:42 am,
            Matthew says:
          • On April 28, 2018 at 11:33 am,
            spanky says:

            The weekly Ichimoku clouds for many of my silver miners bother me. Looking at AXU’s for example it looks like it’s going to be tough to get through resistance. I’ve noticed flat borders are not typically broken. Instead typically price breaks through when the border is angled or at the narrow region between clouds.

          • On April 28, 2018 at 5:19 pm,
            Excelsior says:
          • On April 28, 2018 at 6:01 pm,
            Excelsior says:

            During tax loss season I loaded up on a number of Gold and Silver miners, and one that I’v been pretty impressed with this year is (SVM) Silvercorp.

            If the 89 and 144 day EMAs can cross up through the 233 day EMA then things will really get moving.


          • On April 28, 2018 at 6:16 pm,
            Excelsior says:

            Here is a 3 year #chart of (SVM) to show what happened in early 2016 the last time the 89 & 144 day EMAs crossed up through the 233 day EMA.


          • On April 28, 2018 at 6:50 pm,
            Excelsior says:

            As for AXU Alexco – It is clear to see it followed the same trajectory when the 89 and 144 daily EMA broke above the 233 day back in early 2016, and after pulling back with rest of the sector in late 2016, it had oscillated up/down in a sideways consolidation channel for 2017/2018.

            > This makes total sense when one considers they were in the lull that development companies get into when they are doing the “boring” preparation work to go into production like digging decline ramps into Bermingham and Flame & Moth, permitting operations, optimizing their mill, and (AXU) had just enough exploration success & investor interest to offset the weakness in the silver miners over the last year 1/2.

            Things on the AXU chart are relatively neutral at this point, and it could break strongly either way, but my money is on a breakout to the upside later this year and into next year. The bull market that kicked off in the PMs in late 2015 has not been violated, and the market is preparing for the next impulse leg higher that will finally take out the 2016 peak. (and no I don’t believe Silver or Gold will be basing for years and years)

            AXU has a lot of newsflow coming down the pike with more exploration drilling schedule, the finalizing of their development of Bermingham/Flame&Moth, and a production decision in Oct/Nov. If the metals prices cooperate later in 2018 then AXU could really go on a tear into it’s “Golden Runway” into production.


          • On April 28, 2018 at 7:35 pm,
            Excelsior says:

            >> Alexco (AXU) Video segment –

            On that link above, there are a number of video segments on that page so I could see where people may get overwhelmed or lose focus. My recommendation would be to watch the GSA Corporate Presentation from Feb 25th, 2018. It really is one of the best overviews that I’ve seen from Clynt (once he finally got going).

            *** The Q&A section at the end was also very informative on their big picture plans.


  4. On April 28, 2018 at 3:59 am,
    Excelsior says:

    Gold Has Explosive Potential – Gundlach

    Neils Christensen – Friday April 27, 2018

    “Famed hedge fund manager and “bond king of Wall Street” Jeffrey Gundlach continues to be bullish on gold, reiterating his call that when the market breaks above through critical resistance at $1,360 an ounce, gold will push $1,000 higher.

    According to recent Reuers article, Gundlach presented his bullish case for gold Tuesday at an event for DoubleLine clients. He also said that he is bearish on U.S. Treasury bonds.

    Looking at classical technical gold charts, Gundlach said that “something big is happening.” He added that the market has “explosive potential energy” as it continues to build a strong base.


    • On April 28, 2018 at 4:02 am,
      Excelsior says:

      Soaring Dollar plays Spoil-sport in Commodities Bullish Supercycle
      April 26, 2018

      “Since the commodities supercycle began unwinding 10 years ago, many investors have been waiting for the right conditions to trigger mean reversion and lift prices. I believe those conditions are either firmly in place right now or, at the very least, in their early stages. Among them are factors I’ve discussed at length elsewhere—a weaker US dollar, a steadily flattening yield curve, heightened market volatility,overvalued U.S. stocks, expectations of higher inflation, trade war jitters, geopolitical risks and more.”

      “All of this makes the investment case for commodities, gold, and energy more compelling than at any other time in recent memory…”


    • On April 28, 2018 at 5:01 pm,
      Excelsior says:

      Jeff Gundlach says to short Facebook in his new pair trade idea
      2 days ago – finance.yahoo.com

      “Bond investor Jeffrey Gundlach, the founder of DoubleLine Capital, offered an unusual pair trade idea of long SPDR Oil & Gas Exploration ETF (XOP) and short Facebook (FB)”


  5. On April 28, 2018 at 5:59 am,
    OOTB Jerry says:
    • On April 28, 2018 at 6:00 am,
      OOTB Jerry says:
      • On April 28, 2018 at 6:08 am,
        OOTB Jerry says:

        Proverbs 12:22 – Lying lips [are] abomination to the LORD: but they that deal truly [are] his delight.

    • On April 28, 2018 at 8:57 am,
      GH says:

      Seriously? We’ve been lied to again?

      I’m shocked.

      • On April 28, 2018 at 10:13 am,
        JohnK says:

        Thanks for “The People’s Pottage”

        • On April 28, 2018 at 3:14 pm,
          GH says:

          You’re welcome, JohnK.

          Garet Garrett–a great writer I had never heard of until just recently.

  6. On April 28, 2018 at 6:06 am,
    OOTB Jerry says:

    I think………NORTH AND SOUTH KOREA………were and are play acting…….since the CIA put us in the mess to begin with.
    CIA, FBI, HLS, DOE, DOJ,SES,IRS……..FED, kill the money laundry scheme and we have peace of mind.

    • On April 28, 2018 at 6:10 am,
      OOTB Jerry says:

      16 These six [things] doth the LORD hate: yea, seven [are] an abomination unto him:

      17 A proud look, a lying tongue, and hands that shed innocent blood,

      18 An heart that deviseth wicked imaginations, feet that be swift in running to mischief,

      19 A false witness [that] speaketh lies, and he that soweth discord among brethren.

      • On April 28, 2018 at 6:12 am,
        OOTB Jerry says:

        Proverbs 6

  7. On April 28, 2018 at 6:49 am,
    OOTB Jerry says:

    End of the Empire…………..YEARs Of REVIEW……
    The lessons of history are absolute; nothing lasts. Everything changes, especially who’s in charge.

    So what are our explanations today that keep us all in line? What keeps us from revolt? To what do we bow our daily collective heads in fealty to?

    The answer is Money.

    What we call “money” today was a wicked genius invention that popped up right around the same moment in history when humans were working out other keen, life-altering inventions such as clocks, and printing presses.

    “None are so hopelessly enslaved as those who falsely believe they are free.”

    ~ Goethe

    A person in debt is a person controlled. But they think it was their own decision. Hence the Goethe quote above. A nation in debt is a nation controlled. The debt trap is especially insidious, and it relies on the illusion of free will combined with the full weight of ‘the law.’

  8. On April 28, 2018 at 6:53 am,
    OOTB Jerry says:

    Liar Loans……….. 🙂
    By attaching a stated rate of interest to a loan, a person’s future output was yours if you were the holder of that note. What a stroke of pure (evil) genius! Set the rate high enough and the term long enough and you can get all of your money paid back plus another 100% of that amount or more, every bit of which was actually the future productive output (i.e. time) of the borrower.

    Conjure up a promissory note out of thin air and then you get to skim the true productive output of that person, regardless of outcome. Whether they succeeded or failed in the endeavor, you still won. If they paid you back, the win was obvious. If they failed you often had collateral on the back end protecting your “investment.” No matter what, you won.

    • On April 28, 2018 at 6:54 am,
      OOTB Jerry says:

      this is part of the same article above………End of the Empire……zerohedge

  9. On April 28, 2018 at 8:10 am,
    OOTB Jerry says:

    Get it while you can………….
    GOLD……going bye, bye

    • On April 28, 2018 at 8:10 am,
      OOTB Jerry says:

      The U.S. gold exports to Hong Kong surged in February consuming nearly all of the domestic gold mine supply. According to the USGS recent Gold Mineral Industry Survey, February gold exports to Hong Kong

      • On April 28, 2018 at 8:16 am,
        OOTB Jerry says:

        1 Thessalonians 4:13-18 King James Version (KJV)
        13 But I would not have you to be ignorant, brethren, concerning them which are asleep, that ye sorrow not, even as others which have no hope.
        I HAVE TAKEN THIS OUT OF CONTEXT< BUT< Find it a good point to make……..

  10. On April 28, 2018 at 8:56 am,
    Silverdollar says:

    Chas. Hugh Smith usually has some intriguing thoughts worth pondering about the big questions of the day: https://www.oftwominds.com/blog.html

  11. On April 28, 2018 at 12:46 pm,
    OOTB Jerry says:

    Somebody is going to get stiffed…………

    • On April 28, 2018 at 12:47 pm,
      OOTB Jerry says:

      Across the land, public pension and medical funds teeter on the brink of insolvency. You can ignore pending problems until you can’t. For those who prize clarity and realistic thinking, these impossible to ignore crises should be welcomed. They focus attention on an inescapable fact: the world lacks the unencumbered assets and productive capacity to redeem the promises that have been made against them. Somebody’s going to get stiffed.

      • On April 28, 2018 at 12:48 pm,
        OOTB Jerry says:

        Debt Jubilee…….but, some will not be singing……

        • On April 28, 2018 at 3:18 pm,
          GH says:
          • On April 28, 2018 at 3:20 pm,
            GH says:


            “Rabbi Hillel Weiss, spokesman for the Sanhedrin, contacted Breaking Israel News to announce that the election of Trump, who has promised to recognize Jerusalem as the capital of Israel, coupled with Putin’s expressed desire for the Temple to be rebuilt, prompted the Jewish court to send a letter offering the two the opportunity to act as modern-day Cyrus figures: non-Jewish kings who recognize the importance of Israel and the Temple.”

          • On April 28, 2018 at 3:52 pm,
            Big Al says:

            Sorry GH, I do not agree with the Rabi, I feel that to maintain Trump’s “on the record philosophy for moving the U.S. Embassy to Jerusalem, two seperate houses of worship need to be built. Perhap, considering the number of Christians there, perhaps three houses of worship need to be built.

            Any comments on this?

          • On April 28, 2018 at 5:42 pm,
            OOTB Jerry says:

            Trump got hoodwinked

          • On April 28, 2018 at 5:42 pm,
            OOTB Jerry says:

            Debt Jubilee…..is for debt only…..from what I read……

          • On April 28, 2018 at 5:52 pm,
            GH says:

            On the one hand, I pretty much feel Israel is a crime-in-progress. So I don’t feel that Jerusalem is the issue we ought to be discussing.


            I can sympathize with the desire/need for a nation. But the well has been poisoned at least since 1948.

            I could dream of Jerusalem being a city where people of all three faiths can intermingle freely, peacefully, on equal footing. That would be nice. But the overwhelming evidence, of decades and centuries, is that Israel is a project of the Rothschild crowd, and they have caused more war and death than any other group in world history.

            This is not to say all Jews are responsible. The large majority have no more understanding than the average American.

            But back to the question, what is the probability of my pleasant dream being realized, with leaders like the following?

            Some quotes from the Chabad book The Tanya:

            “The souls of the nations of the world (i.e. all Christians, Muslims, Buddhists, etc.), however, emanate from the other, unclean ‘kelipot’ (evil forces) which contain no good whatever.” (Tanya, New York/London: Kehot Publication Society, 1973, p. 5)

            “However, the ‘kelipot’ (evil forces) are subdivided into two grades, one lower than the other. The lower grade consists of the three ‘kelipot’ which are altogether unclean and evil, containing no good whatever. From them flow and derive the souls of all the nations of the world (i.e. all Christians, Muslims, etc.), and the existence of their bodies, and also the souls of all living creatures that are unclean and unfit for consumption.” (ibid., Chapter 6, p. 25)

            “To elucidate still further, it is necessary to clarify the meaning of the verse ‘The candle of God is the soul of (neshamah) of man.’ What it means is that the souls of Jews, who are called ‘man’, are, by way of illustration, like the flame of the candle, whose nature it is always to scintillate upwards….Now this is a general principle in the whole realm of holiness….This stands in direct contrast to the so-called ‘Kelipah’ (evil forces) and ‘sitra achara’ (the other, evil side), where from are derived the souls of the Gentiles….Therefore they (the Gentiles) are called ‘dead.’” (ibid., Chapter 19, pp. 77, 79)

            Israel Shahak says:

            Thus, Chabad lumps all Gentiles with pigs, snakes, worms, and all other “creatures that are unclean and unfit for consumption.” There are also comparisons to dogs: “Thus an Orthodox Jew learns from his earliest youth, as part of his sacred studies, that Gentiles are compared to dogs.” (Israel Shahak, Jewish History, Jewish Religion: The Weight of Three Thousand Years, London: Pluto Press, 1994, p. 94)

            Of course, we can’t lump all Judaism with Chabad. It would appear that many rabbis don’t even consider Chabadism to be Judaism:


            Still, they have a direct line to Trump in the person of Kushner.

            Chabad Rebbe Menachem Mendel Schneerson:

            “The general difference between Jews and non-Jews: A Jew was not created as a means for some [other] purpose; he himself is the purpose since the substance of all [divine] emanations was created only to serve the Jews.”

            Chabad Rabbi Yitzhak Ginsburg:

            ‘Any trial based on the assumption that Jews and goyim are equal is a total travesty of injustice,’ he said. ‘We have to recognize that Jewish blood and the blood of a goy are not the same thing.’” (“An Israeli Mayor Is Under Scrutiny,” The New York Times, June 6, 1989, p. 5)

            “As for the Goyim….Zalman’s attitude (was): ‘Gentile souls are of a completely different and inferior order. They are totally evil, with no redeeming qualities whatsoever.’…If every single cell in a Jewish body entails divinity, and is thus a part of G-d, then every strand of DNA is a part of G-d. Therefore, something is special about Jewish DNA. If a Jew needs a liver, can he take the liver of an innocent non-Jew to save him? The Torah would probably permit to take the liver of an innocent non-Jew passing by, to save the Jew. There is something infinitely more holy and unique about Jewish life than non-Jewish life.” (The Jewish Week, April 26, 1996; cited in Israel Shahak and Norton Mezvinsky, Jewish Fundamentalism in Israel, London: Pluto Press, 1999, pp. 43, 62)

            On the other hand, disavowal is not always sincere, but sometimes is really only for damage control.

            A couple weeks ago, “The Sephardic chief rabbi of Israel called black people “monkeys” during his weekly sermon on Saturday evening.”


            Israeli authorities are considering legal action, but is it more than transparent CYA damage control?

            Also from the article:

            “Israel has two chief rabbis. Yosef represents those with origins in the Iberian Peninsula, North Africa, and the Middle East, and David Lau represents Ashkenazic Jews, with origins in European lands of the Roman Empire.”

            So this guy is no fringe figure.

            Nor is this an anomaly. According to wikipedia, one of his predecessors, Ovadia Yosef, said:

            “”The sole purpose of non-Jews is to serve Jews”

            “Why are Gentiles needed? They will work, they will plow, they will reap. We will sit like an effendi and eat. That is why Gentiles were created.”

            “In Israel, death has no dominion over them…With gentiles, it will be like any person – they need to die, but (God) will give them longevity. Why? Imagine that one’s donkey would die, they’d lose their money. This is his servant…That’s why he gets a long life, to work well for this Jew. Gentiles were born only to serve us. Without that, they have no place in the world – only to serve the People of Israel.”

            Ovadia Yosef was an Iraqi-born Talmudic scholar, a posek, the Sephardi Chief Rabbi of Israel from 1973 to 1983, and the founder and long-time spiritual leader of Israel’s ultra-Orthodox Shas party.[4][5] Yosef’s responsa were highly regarded within Haredi circles, particularly among Mizrahi communities, among whom he was regarded as “the most important living halakhic authority”.

          • On April 28, 2018 at 6:09 pm,
            GH says:

            How is it that the US put the world on high alert for a dubious claim of a gas attack (for the umpteenth time) that now appears certain to have been a hoax, yet, simultaneously, Israel can shoot Palestinians like fish in a barrel and America and Europe yawn?

            How does this end well, when there is barely a shred of honesty to be heard on the topic?

          • On April 28, 2018 at 6:18 pm,
            GH says:

            Besides, my sweet dream seems rather naive in light of the fact that Jews have been kicked out of scores of countries over the centuries. If they have been such poor neighbors when guests, what kind of neighbors will they be when they make the rules? Well, we can already see 70 years of track record.

            What kind of twisted thinking comes up with the idea that ‘Everyone is nice to me and invites me into their home, but then they all turn on me–the only possible explanation is that they are all driven by irrational hatred of Semites’?

          • On April 29, 2018 at 8:25 am,
            OOTB Jerry says:

            I keep telling everyone the Jews have been set aside , according to scripture…

  12. On April 28, 2018 at 1:24 pm,
    OOTB Jerry says:

    Oil and Real estate……since 1960……

  13. On April 28, 2018 at 3:27 pm,
    GH says:

    Just came across Alexander del Mar, a writer of the 19th century:

    A History of Precious Metals from Earliest Times to Present
    A History of Monetary Systems
    The Science of Money
    A History of Money in America from the Earliest Times to the Establishment of the Constitution (1899)


  14. On April 28, 2018 at 4:41 pm,
    Ebolan says:

    Jerry, here’s something that will depress the Hell out of you…

    I can just see in 2024 your choice for dictator will be Haley or Kramella Harris…


    • On April 28, 2018 at 5:30 pm,
      OOTB Jerry says:

      Haley is from from South Carolina, ….she won by default, when Govn. Sanford, went missing for two weeks, and was shaked up with his mistress…..

      • On April 28, 2018 at 5:33 pm,
        OOTB Jerry says:

        I really do not think she is that popular with the Locals……she took down the Confederate Flag at the capital. South Carolina is being populated by a bunch of NY, and Eastern people moving south….for the warm air.

        • On April 28, 2018 at 5:39 pm,
          OOTB Jerry says:

          She is supported by L. Graham …, South Carolina, is filled with X military people and retirees….that should tell you something.

  15. On April 28, 2018 at 6:11 pm,
    Markedtofuture says:

    Remote Viewing: EOS $250 By Sept? The most powerful infrastructure for decentralized applications


    • On April 28, 2018 at 7:44 pm,
      JohnK says:

      Here is a repost.
      I flagged EOS at $9.02,As of 9:42 central time EOS is at $20.08
      That is over 100% gain in 16 daysOn April 12, 2018 at 6:28 am,
      JohnK says:
      Off Topic:
      I continue to hear the banter of the demise of the crypto currencies by several posters, whom were also the ones that missed the “GOLDEN” trading opportunity presented with Bitcoin.
      There seems to be some agreement that the Crypto’s are much like the Dot Com bubble of the past.
      There also seems to be some agreement that there are going to be Crypto’s that will emerge as lifetime investments such as Amazon.
      With that being said I always try share what I observe and share it with the posters.
      As with investing in Jr Miners, management is always a key componet.This is the same with the Crypto’s.
      The reason I am posting is because of the Crypto EOS.
      EOS is being developed by Dan Larimer. Dan started Bit Shares which was the 1st DAP (Decentralized Application) and the most successful DAP, Steemit.Dan also created Graphene.
      Generation #3 of Dan’s work is a new platform called EOS.
      Generation 3 blockchain will be machines and the removal of friction between blockchains.
      Dan is one of the people I would keep an eye on.
      April 6thEOS was priced at $5.89, today EOS is $9.02.
      Anyway you spin it, this is a nice gain.
      Full disclosure. I don’t own any EOS. Once I figure out how to send a QR code on my phone I will be a buyer on the next pullback.
      As usual do your own DD.

  16. On April 28, 2018 at 9:42 pm,
    Markedtofuture says:

    Litecoin Payments are Quietly Starting to Catch On


  17. On April 29, 2018 at 3:31 am,
    Markedtofuture says:

    Britain Cancels its Currency but Keeps £1 million notes


    Message: I am a great fan of your blog and read all with interest. I was surprised to read £10 notes have been canceled, as I still regularly get £10 and £20 notes and send them even though electronic money transfer is increasingly the norm


    REPLY: Britain introduced the new “tenners” last September. There was a period when both could circulate. That term expired here in the Spring of 2018. You can exchange them at a bank, but you must have an account. If you do not have an account like myself, the currency exchange operations charge 20%. The eliminated the paper one pound notes back in 1984. They will be doing the same with £20 notes. They have not yet announced any release date for that one. The speculation is that the £50 notes will be discontinued.

    The Bank of England actually prints itself internally £1 million and £100 million pound notes. They are used only internally to back the paper currency issued by other banks such as the Bank of Scotland. They are used to back those notes which are exchangeable to Bank of England notes.


  18. On April 29, 2018 at 8:39 am,
    Excelsior says:

    Clavos April Mill Run Update
    April 19, 2018 (GLOBE NEWSWIRE)

    (SGX) (SGGDF) Sage Gold Inc. is pleased to announce that the Company has completed its latest bulk sample mill run. The custom mill processed 6,252 dry tonnes of mineralized material yielding approximately 513 ounces of gold.”

    The mineralized material in the April mill run was sourced from the 150 West, 150 East, 175 East and 200 metre levels. More specifically, the milled material was comprised of Clavos broken stope material from 150 West, previously mined material from 150 East, development material from the 175 Footwall East drive and remnant material sourced from the 175E-480 and 200-493 long hole stopes, previously developed by St Andrew Goldfields, the previous operator.”

    Nigel Lees, President and CEO, commented, “We are pleased to see an improving trend in grade and tonnage as we are starting to mine higher grade material above and including the 200 metre level.”


    • On April 29, 2018 at 8:43 am,
      Excelsior says:

      (SGX) (SGGDF) Sage Gold – Commences Extraction – 175E Stope

      “The Company is now extracting mineralized material from 175E on the Footwall (FW) and Hanging wall (HW) drives after having completed development east of the existing level.”

      “Silling is ongoing on the HW and FW zones east of the easterly end of 175E. The company has encountered strong vein development on the FW structure and is currently extracting mineralized material for processing.”


      • On April 29, 2018 at 8:51 am,
        Excelsior says:

        Sage Gold Inc – Update & Review:

        Jay Taylor’s – Gold, Energy, Tech Stocks


        • On April 29, 2018 at 9:05 am,
          Excelsior says:

          (SGX) Sage Gold has been taken out to the woodshed and beaten bad, but it is odd because they are making measured progress and have been doing some toll milling at the Black Fox mill that (MUX) McEwen Mining picked off from (P) Primero.

          Now they are testing their mill with bulk sampling production, and getting ready to go into commercial production soon. They may have a bit more near-term pain with the rest of the sector, but going into this summer doldrums, I intend to add to my position in Sage while they remain unloved and under-followed.

          When Gold gets up above $1400 over the next 12 months then we’ll see many of the smaller producers and near-term producers get re-rated. For now though, the grind goes on…..

          (Next week may provide a bit of life in the PM sector though)

          Ever Upward!

    • On April 29, 2018 at 7:47 pm,
      Excelsior says:

      (TRY.AX) (TRYRF) Troy Resources achieves record gold production for quarter
      April 9, 2018


  19. On April 29, 2018 at 10:30 am,
    Markedtofuture says:

    REALIST NEWS – Sunday Crypto Update – Some Psychic Stuff Too


    • On April 29, 2018 at 11:50 am,
      Excelsior says:

      Bob Moriarty: Cryptocurrencies Are The Most Heavily Manipulated Market in History

      Energy and Gold Ltd – April 29, 2018

      > CEO Technician: “We’ve had a rally in cryptocurrencies over the last few weeks, Bitcoin hit as high as $9,770 a few days ago and the total crypto market capitalization reached US$435 billion again. Does this change your view at all that cryptos are heading for zero and that Bitcoin will eventually fall back down near $1,000 again?”

      >> Bob Moriarty: “This is a bear market rally. You’re going to see this happen again and again and again. The strange thing is that the whole bitcon environment is the most heavily manipulated market in history. It’s the closest thing to fraud that you could possibly get. There is zero intrinsic value. It’s FOMO and the only thing you’ve got is to try to sell to a bigger sucker. Eighty-one percent of coins die quickly and only five percent ever make it to an exchange. It’s the ultimate investment for greater fools.”

      “There are 1759 ‘kleptocurrencies’ right now and if 5-10 survive I will be surprised. Does that mean you can’t make money? No, you can make money because there will be ups and downs and if you’re really fast you can take advantage of the zigs and zags. However, there is no substance to these things and there’s an artificial market which could vanish overnight.”


      • On April 29, 2018 at 11:54 am,
        OOTB Jerry says:

        Cryptos might be most, but, silver is right on its tail……… 🙂

        • On April 29, 2018 at 12:50 pm,
          Robert Moriarty says:


          I see not particular big manipulation of silver other than the GATA crowd and Ted Butler lying to their readers. That certainly exists.

          • On April 29, 2018 at 2:43 pm,
            OOTB Jerry says:

            Bob, have you ever read …silver stealer.net.?…Seems there is a lot of futzing around with silver through out the generations. Interested in your thoughts , if you have….Thanks

          • On April 29, 2018 at 2:50 pm,
            OOTB Jerry says:
  20. On April 29, 2018 at 7:05 pm,
    Excelsior says:

    Canadian miner halts operations in Peru due to community protests

    Valentina Ruiz Leotaud | 2 days ago

    “Pan American Silver (PAAS) acknowledged today that it had to suspend operations at its Huarón mine, located in the Peruvian central region of Pasco.”

    “In a press release, Pan American said that activities at the site were halted on April 24, 2018, as a result of road blockades carried out by members of the nearby Huayllay community.”

    “The community members have demanded compensation from the Company for alleged impacts to community land, as well as additional service contracts for construction work, haulage and material supply to the mine,” the media brief reads.


  21. On April 29, 2018 at 7:25 pm,
    Excelsior says:

    Why the Lithium bears are wrong

    rickmills | about 12 hours ago

    “Current annual production of lithium carbonate equivalent (LCE), for all purposes, stands at about 230,000 metric tonnes.”

    “SQM recently predicted that demand will increase from between 600,000 and 800,000 tonnes of LCE over the next 10 years. To meet the need, SQM plans to double capacity from current annual production of 48,000 tonnes to 100,000 by 2019.”

    “The industry agrees that Morgan Stanley is out to lunch on its forecasts.”

    “I am firmly of the view that everyone, including Morgan Stanley, is grossly underestimating how quickly the market is moving on the demand side,” Ken Brinsden, chief executive of Australian lithium miner Pilbara Minerals, said at a mining conference in Florida in February.

    “Lithium is coming of age in a big way. It’s the core ingredient to 99 percent of electric vehicles and as a result, demand is going through the roof,” Simon Moores, managing director at Benchmark Mineral Intelligence, a UKbased battery metals consultancy, told CNBC.”


    • On April 29, 2018 at 7:27 pm,
      Excelsior says:

      $NMX $NMKEF Nemaska Lithium Inc. attracts financing for Whabouchi

      by: Trish Saywell April 18, 2018

      “Nemaska Lithium has landed two big financing deals in as many weeks with Japanese multinational conglomerate SoftBank Group Corp. and private equity firm Orion Mine Finance.”

      “The two companies agreed this April to put their shoulders to the wheel and help Nemaska turn its spodumene lithium hard-rock deposit in Quebec into a mine, along with a processing plant that will transform the mine’s spodumene concentrate into lithium hydroxide and lithium carbonate for use in the lithium battery market.”


      • On April 29, 2018 at 7:27 pm,
        Excelsior says:

        (NMX) Nemaska Lithium and Northvolt Announce Signature of Agreement in Principle for Supply of Lithium Hydroxide

        by @marketwired on April 27, 2018


        • On April 29, 2018 at 7:32 pm,
          Excelsior says:

          31 March 2018 Quarterly Report clarification – Galaxy Resources (GXY.AX) (GALXF)

          “Galaxy Resources Limited advises that as at 31 March 2018 it had a cash balance of US$60.8 million and no debt.”

          “As set out in the Quarterly Report, during the quarter ASX advised that Galaxy’s classification has changed from a mining exploration entity to a mining producing entity.”

          About Galaxy (ASX: GXY)

          “Galaxy Resources Limited is an international S&P / ASX 200 Index company with lithium production facilities, hard rock mines and brine assets in Australia, Canada and Argentina. It wholly owns and operates the Mt Cattlin mine in Ravensthorpe Western Australia, which is currently producing spodumene and tantalum concentrate, and the James Bay lithium pegmatite project in Quebec, Canada.”

          “Galaxy is advancing plans to develop the Sal de Vida lithium and potash brine project in Argentina situated in the lithium triangle (where Chile, Argentina and Bolivia meet), which is currently the source of 60% of global lithium production. Sal de Vida has excellent potential as a low-cost brine-based lithium carbonate production facility.”

          “Lithium compounds are used in the manufacture of ceramics, glass, and consumer electronics and are an essential cathode material for long life lithium-ion batteries used in hybrid and electric vehicles, as well as mass energy storage systems. Galaxy is bullish about the global lithium demand outlook and is aiming to become a major producer of lithium products.”


    • On April 29, 2018 at 7:36 pm,
      Excelsior says:

      Lithium | 2018 recharge
      Canaccord Genuity – April 16, 2018

      “2018 has so far witnessed renewed fears of near-term price collapses from oversupply, leading to share price declines in our global coverage of up to 38%.”

      “We have a much more positive near-term view, and in this report, attempt to address some key questions we have fielded from investors as part of revisions to our SxD analysis and pricing forecasts.”


      • On April 29, 2018 at 7:40 pm,
        Excelsior says:

        Chinese Battery Maker Will Invest USD79 Million in Canadian Lithium Mine DOU SHICONG

        MON, 02/26/2018


        • On April 29, 2018 at 7:44 pm,
          Excelsior says:

          A New Lithium War Is About To Begin, Modern Gold Rush!
          Commodities / Lithium
          Apr 26, 2018

          “It’s the modern gold rush. Around the world, the most sought-after mineral isn’t a precious metal, nor is it oil and gas…it’s lithium.”

          “Lithium, or “white petroleum” as some call it, has become a crucial element in today’s high-tech economy.”

          “Demand for lithium is soaring, and producers are frantically searching for new sources of supply. Prices have doubled in the last two years, rising as high as $16,500 per ton.”

          “The biggest reason for the surge? The immense demand for lithium-ion batteries, needed to power electric vehicles (EV), cell phone and wind turbines.”

          “As the Wall Street Journal reported, the surge in demand has pushed lithium miners to new areas in search of rich deposits.”

          “Traditional production of lithium and lithium-ion batteries is concentrated in a few key areas, but with demand set to increase dramatically in the coming years, investors are searching for creative new ways to increase global supply.”

          “A boom in Canadian lithium mining is pushing companies like Nemaska Lithium (TSX: NMX) and Power Metals Corp. (TSXV: PWM.V) to tap new deposits of lithium.”

          “The fact that China is trying to corner the market has made the search for new deposits even more intense, as U.S. and European firms try to get around Chinese domination.”

          “For the last five years, the commodities world has focused on the epic showdown between OPEC and U.S. shale drillers for oil market share. But it’s the war over “white petroleum” that will dominate the next decade.”


        • On April 29, 2018 at 7:51 pm,
          Excelsior says:

          Global carmakers racing for lithium

          by Dan Wilkie – Wed, 04/18/2018

          “Global automobile manufacturers are racing to gain access to battery-making materials, with competition hot to secure offtake from lithium miners and processors as the electric vehicle revolution spreads from China to the rest of the world.”

          “While China is the clear market leader in the consumer take-up of electric vehicles, with more than 1.3 million battery-powered cars on the road and a wide range of manufacturers, major carmakers are converging on the scene….”


          • On April 29, 2018 at 7:55 pm,
            Excelsior says:

            Lithium price surge expected to fuel rush in merger deals

            China to lead in acquisition spree as companies seek to wrest more control of market

            “THE tripling in lithium prices over three years is poised to fuel a multi-billion dollar rush of deals as major players jostle for dominance to supply the metal needed for the electric vehicle battery revolution.”

            “China is expected to lead a mergers and acquisition bonanza as companies seek to wrest more control of the market from Western rivals. The Asian nation accounted for more than half of global electric vehicle sales last year, which exceeded one million for the first time. And that’s just a taster of what’s to come as the government targets seven million vehicles by 2025.”

            “You’ll see elevated activity this year driven mainly by the Chinese,” Chris Berry, a New York-based analyst on energy metals, and founder of House Mountain Partners LLC, said in an email. “The consolidation necessary in the space will start to happen now.”


    • On April 29, 2018 at 7:53 pm,
      Excelsior says:

      Lithium Glut Fears Tempered by Optimism Over Surging Demand

      April 8, 2018 – Ranjeetha Pakiam

      “Warnings of a lithium glut may be premature.”

      “For one thing, doomsayers assume all the lithium in brine or hard rock deposits will get processed, but that’s not the case, said Jay Roberge, partner and managing director at Tehama Capital Corp., a Vancouver-based merchant bank.”

      “There’s no shortage of lithium in the world, but the concern is processing it and developing it into lithium carbonate, lithium products and lithium metal,” Roberge said in an interview. “Not all lithium projects that will have a decent grade of lithium are necessarily economical, because you have to be able to process the lithium into the end-product.”


  22. On April 29, 2018 at 7:59 pm,
    Excelsior says:

    The Next Bull Market Move Interview – Gianni Kovacevic, Executive Chairman & CEO of CopperBank Resources – April 2018

    “Copper is still – somewhat – coupled to oil. That is breaking down, as I have been suggesting it would the last few years. We also need to introduce Aluminium to this discussion, as the three of them, oil, copper, aluminum, are energy commodities. We are moving towards increased electrification and that will mean more copper and aluminum. However, there is an important 3:1 cost ratio (even as high as 4:1) for aluminum as a substitute for copper, traditionally speaking. So, what has happened to aluminium lately? View this graph correlating oil-Cu-Al. Copper will decouple from oil, over the medium to long run, as the future of copper mining is 0.4% and even as low as 0.3% and 0.25% which implies copper is going to need to trade at $11,000, $12,000 or higher, per tonne – that is +$5.00 /lb.

    Simply put, if oil was the dominate commodity, and it still is for absolute value of over $2T annually, copper cannot wait for oil to go to $150 or $200 /bbl. The chart below clearly shows that today’s copper price is like $100 /bbl oil today at $3.15/lb. Oh, and the aluminum to copper ratio – they are lock in step.”


  23. On April 29, 2018 at 8:30 pm,
    Markedtofuture says:

    Pilbara explorer Artemis eyes bigger resource as Radio Hill delivers high-grade nickel

    Artemis Resources has hit shallow, high-grade nickel at its Radio Hill project in the Pilbara region of Western Australia — just days after revealing to Stockhead its aspirations to be more than just a gold play.Drilling has intersected nickel mineralisation over widths of up to 25m and grades of up to 3.37 per cent. Anything over 2 per cent is generally considered high grade for nickel.


    • On April 29, 2018 at 9:37 pm,
      Excelsior says:

      Will Novo Resources be a Cash Flow Monster?

      The Hedgeless Horseman – April 29, 2018


      • On April 30, 2018 at 5:20 am,
        OOTB Jerry says:

        Ex………what is the date on the above article………..did not see one…..thanks JOOTB

        • On April 30, 2018 at 5:21 am,
          OOTB Jerry says:

          or when were the quotes made by the participants

          • On April 30, 2018 at 5:22 am,
            OOTB Jerry says:

            Recently or several months ago……….thanks

          • On April 30, 2018 at 11:26 am,
            Excelsior says:


          • On April 30, 2018 at 12:24 pm,
            OOTB Jerry says:


  24. On April 29, 2018 at 11:04 pm,
    Excelsior says:

    (SVM) Silvercorp Metals Inc. – European Gold Forum #VIDEO

    April 17, 2018 – Kathy Li #Silver #Lead #Zinc #Production


    • On April 29, 2018 at 11:05 pm,
      Excelsior says:

      (SVM) Silvercorp Metals Inc – Corporate Presentation April 24, 2018


      • On April 29, 2018 at 11:08 pm,
        Excelsior says:

        (SVM) is the only Silver Mid-Tier I’m aware of that reduced their share count over the last 4 years by share buy backs. They have kicked out tons of free cash flow, hit their milestones & guidance, and have a projected AISC of $1-$4 dollars Silver for 2018 (due to all their Lead/Zinc credits).

        SVM chart showing how they’ve held onto most of their gains from the 2016 thrust upwards, and are poised to head much higher.


  25. On April 30, 2018 at 12:15 am,
    Excelsior says:

    Gold little changed as dollar steadies, Korean tensions ease

    Reuters Staff – April 29, 2018


  26. On April 30, 2018 at 12:26 am,
    Excelsior says:

    (HUM.L) (HUMRF) Hummingbird Resources Q1 2018 Production Results & Operational Update

    30 April 2018 – Yanfolila Gold Mine is in Commercial Production