Jesse Felder - The Felder Report – Tue 26 Jun, 2018

Ben Hunt On The Unparalleled Power Of Narrative In The Financial Markets

Our good friend Jesse Felder has a great website as well as podcast. Since a lot of our guests are out of pocket today I figured I should give Jesse’s podcast a spotlight on our site. Below is his recent podcast and while it is over an hour long take some time and listen to it when you have a chance.

Click here to visit Jesse’s site for more valuable commentary that I think you will enjoy.

From Jesse’s site…

W. Ben Hunt, Ph.D. looks at the financial markets through a truly unique lens. With an extensive background in political science, game theory and history, Ben came to the financial markets relatively late in life. But it’s precisely this wandering path to the world of investing that gives him rare insight into what drives asset prices and how these forces change over time. In this conversation we discuss how investors as a group play the “common knowledge game” and how Ben views these trends through what he terms a “narrative machine.” Ben also shares his views towards the current trends of rising inflationary pressures, the backlash against big tech and much more. You can find Ben’s work at and follow him on Twitter @EpsilonTheory. Below are a few notes and links related to this episode:

  1. On June 26, 2018 at 1:42 pm,
    Excelsior says:

    speaking of a powerful narrative moving the markets….

    When an exploration company hits pay-dirt, then people’s eyes widen and their brain’s kick in doing math to determine just how big the resource could grow.

    We saw this last year about a dozen times where an exciting new release spiked the value of shares for months afterwards.

    …. and we just saw this “narrative” play out again today on Tinka’s killer drill release.


    (TK) (TKRFF) Tinka drills 10.4 metres grading 44.0% zinc in new discovery of exceptional zinc grade at Ayawilca

    @newswire on June 26, 2018

    • On June 26, 2018 at 1:44 pm,
      Excelsior says:

      Tinka Resources Ltd (TK.V)

      $0.58 – up +$0.155 (36.5% gain)

  2. On June 26, 2018 at 4:20 pm,
    Jay T says:


    Interview with Scott Melbye the Pres. of UEC and former Pres. of Cameco’s global arm. Good tidbits from an industry expert (e.g. Cameco is highly likely to put McArthur River mine on care & maintenance, which would be a very big deal)

    • On June 26, 2018 at 5:28 pm,
      Excelsior says:

      Thanks for sharing the UEC interview Jay T.

      Between the Kazakh cuts, the Cameco cuts and potential of putting McArthur River on care & maintenance, (as well as them buying in the spot market), and Paladin’s mines in bankruptcy and scaling back expected production, there should be some positive effect on Uranium prices.

      Also US producers like Energy Fuels, Ur-Energy, and Peninsula Energy, along with near term producers like UEC, Anfield Energy, and Western Uranium may get an extra boost if the DOE acts on Trumps suggestion for the US to source a certain percentage of Uranium from domestic companies.

      It’s been a long wait, but the Uranium market may finally be poised for an ascent back out of the basement.

    • On June 26, 2018 at 6:00 pm,
      Norman Heubeck says:

      Thanks! Well worth listening to.

  3. On June 26, 2018 at 6:15 pm,
    Excelsior says:

    Copper hits nearly three-month low on U.S.-China trade tension

    Jun. 25, 2018

    “There is “concern globally about what trade wars mean for metals,” says Nitesh Shah, director of research at WisdomTree. “Over the last couple of weeks or so, people have been thinking of the impact as a very negative thing for industrial metals.”

    “Traders are betting that the likelihood of a negotiated solution that avoids tariffs has become more distant, potentially hurting global growth and damping demand for industrial metals such as copper: China consumes ~50% of the world’s copper.”

  4. On June 27, 2018 at 8:29 am,
    Charles says:

    Oil up today fairly strongly and well above $70. Good for my oil and gas producers and should help kick up inflation if sustained. Seems like it will be as long as Iran and Venezuela production remains on the sidelines. Seems like the US is helping the Saudi’s get their Aramco deal done.

  5. On June 27, 2018 at 11:06 am,
    Charles Book says:

    Avi Gilburt’s view regarding GLD:

    “Currently, we have almost reached those support levels to which we were pointing weeks ago. For those that have read my metals analysis over the last few months, you would know that my perspective has been that, as long as GLD holds the 119 support region, we still have a very powerful rally setup in place. And, as long as GLD holds that 119 region as support, the market still retains a set up to rally strongly towards the 150 region in 2018. It would take a break down below 117.40 to invalidate that immediate setup, but a sustained break down below 119 would begin to get me concerned.”

    GLD trading at $118.85 currently with a low of $118.59. It will be interesting to see how it closes. Remember, tomorrow is a full moon which has often coincided with major reversals in gold.