Brien Lundin Commentary – Thu 12 Jul, 2018

Inflation Strong But Commodities Under Pressure

Brien Lundin joins me today to share his thoughts on the inflation data from this week. PPI and CPI have been running over the Fed’s 2% target level for years. That might force the Fed to ramp up rate hikes but they have said they are ok with being behind the curve. We also touch on gold and copper and their inability to bounce.

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  1. On July 12, 2018 at 1:24 pm,
    CFS says:

    Corvus Gold drills 109.73m of 1.4 g/t Au at Mother Lode

    2018-07-12 08:12 ET – News Release

    Mr. Jeff Pontius reports


    Corvus Gold Inc. has received additional results from its resource expansion drill program on the western extension of the 100-per-cent-owned Mother Lode deposit. The most recent result, hole ML18-068, the westernmost hole drilled to date, returned 109.73 metres at 1.40 grams per tonne gold from the feeder structure for the main Mother Lode deposit. This is the broadest intercept in the west zone feeder structure returned to date and continues to highlight the importance of this new area which was also intersected in earlier reported holes ML18-067 (June 13, 2018, 18.3 m at 4.02 g/t Au) and ML18-060 (May 24, 2018, 24.4 m at 3.10 g/t Au). Recently completed holes in the west zone (ML18-072 to 18-075) are pending assays and will be a priority follow-up target area in the phase 3 program.

  2. On July 12, 2018 at 1:26 pm,
    CFS says:
    • On July 12, 2018 at 6:55 pm,
      Cory says:

      Hey CFS I haven’t looked into Titan Mining yet. I’ll make time this weekend and reach out early next week. Do you have any notes on what you like or why it had caught your eye?

      Thanks for the heads up!

  3. On July 12, 2018 at 2:18 pm,
    CFS says:

    Indonesia’s government would become the majority owner of the giant Grasberg copper and gold mine in the country under non-binding agreements reached with mining giants Freeport-McMoRan Inc. (NYSE: FCX) and Rio Tinto, the companies announced Thursday.

    Indonesian state-owned PT Indonesia Asahan Aluminium (Inalum) would pay $3.85 billion under the deal, Rio Tinto and Freeport said.

    Rio Tinto said it would get $3.5 billion for its entire interest in Grasberg. Freeport said it would receive $350 million.

  4. On July 12, 2018 at 2:21 pm,
    CFS says:

    Avino Silver & Gold Mines Ltd
    Symbol C : ASM
    Shares Issued 55,805,653
    Close 2018-07-10 C$ 1.64
    Recent Sedar Documents
    View Original Document

    Avino Silver drills 15.4 m of 129 g/t Au at Avino

    2018-07-11 07:15 ET – News Release

    Mr. David Wolfin reports


    • On July 12, 2018 at 3:41 pm,
      Excelsior says:

      +129 Go ASM!

  5. On July 12, 2018 at 2:28 pm,
    CFS says:

    CFTC, JPMorgan Whistleblower……Bix Weir:

  6. On July 12, 2018 at 3:42 pm,
    Excelsior says:

    This Base Metals chart was posted over at today and illustrates the complexity and cannibalization of mining companies. Wow!!

  7. On July 12, 2018 at 3:50 pm,
    CFS says:

    Off Topic: Politics:

    I do no longer understand the American justice system or politicians.

    Lisa Page first ignored a subpoena to testify to Congress 7 months ago. Now she has refused to appear again.

    How come nothing happens?
    If I as a normal citizen, if tried that, I would be in jail.

    Strzok openly, provably, lies to Congress……nothing happens.
    Perhaps treason may be a high crime, difficult to prove, but clear sedition should be no problem.
    If I had emailed similar statements, I would expect a knock on my front door.

    Now we have strange requests coming out of the DOJ……

    Deputy Attorney General Rod Rosenstein has made an unusual request to the nation’s federal prosecutors: help the Department of Justice review Brett Kavanaugh‘s long paper trail of government documents.

    Rosenstein made the request in an email titled, “Personal Message to U.S. Attorneys From the Deputy A.G.”

    Typically, Justice Department attorneys help facilitate document production requests for Supreme Court nominees by themselves, but the use of the nation’s leading criminal prosecutors has many observers perplexed.
    Christopher Hunter, a former federal prosecutor who is running for Congress as a centrist Democrat, told the Times:
    It’s flat-out wrong to have career federal prosecutors engaged in a political process like the vetting of a Supreme Court nominee. It takes them away from the mission they’re supposed to be fulfilling, which is effective criminal justice enforcement.

    • On July 12, 2018 at 9:17 pm,
      CFS says:

      18 U.S. Code § 2384 – Seditious conspiracy
      US Code
      prev | next
      If two or more persons in any State or Territory, or in any place subject to the jurisdiction of the United States, conspire to overthrow, put down, or to destroy by force the Government of the United States, or to levy war against them, or to oppose by force the authority thereof, or by force to prevent, hinder, or delay the execution of any law of the United States, or by force to seize, take, or possess any property of the United States contrary to the authority thereof, they shall each be fined under this title or imprisoned not more than twenty years, or both.

      (June 25, 1948, ch. 645, 62 Stat. 808; July 24, 1956, ch. 678, § 1, 70 Stat. 623; Pub. L. 103–322, title XXXIII, § 330016(1)(N), Sept. 13, 1994, 108 Stat. 2148.)

      CFS COMMENT; Let me simplify things…….by taking out excess words.

      If two or more persons…..subject to the jurisdiction of the United States, conspire to overthrow, …..the Government of the United States,…..,they shall each be fined under this title or imprisoned not more than twenty years, or both.

      Is not the behavior of Strzok and Page in an attempt to stop Trump and Favor Clinton, an act of sedition under this statute?

      • On July 12, 2018 at 9:21 pm,
        CFS says:

        We need the 19 pages of the FISA warrant application declassified.

        Then we will see the lies by omission or commission.

  8. On July 12, 2018 at 10:03 pm,
    CFS says:
  9. On July 12, 2018 at 10:53 pm,
    CFS says:

    The last half of Malmgren’s talk above is really worth listening to.

    It covers aspects of AI that I have not heard discussed much elsewhere.

  10. On July 12, 2018 at 11:18 pm,
    Matthew says:

    Silver looks more likely to go up from here than down…

  11. On July 12, 2018 at 11:37 pm,
    Matthew says:

    It’s easy to see why gold bears are pressing their luck right now but they are probably going to regret it…

    • On July 12, 2018 at 11:42 pm,
      Matthew says:

      Let’s see if gold can finish the week above the 233 week moving average (1244.30) or, better yet, the 144 week MA (1254.61)…

    • On July 13, 2018 at 10:13 am,
      spanky says:

      Based on what? Higher interest rates and a declining commodity complex? REAL interest rates are rising. Gold is less desireable as a result.

      There is no catalyst for gold now. Frankly, there wasn’t one in 2016 either, but nothing goes down in a straight line.

      • On July 13, 2018 at 10:37 am,
        Matthew says:

        Based on what? Plenty. I’m not going to go into it all but will leave you with a TIPS and Gold chart that suggest at least a mean reversion for gold…

        • On July 13, 2018 at 10:54 am,
          Matthew says:

          Gold has a lot of catching up to do. Hope you can see a monthly chart…

  12. On July 13, 2018 at 2:08 am,
    Markedtofuture says:

    Cryptocurrency Predictions and Updates: Sharon Michelle – 7 12 18

    Gold & Silver mention at 20 minute mark. General update on why cryptos and Trump are here to stay.

  13. On July 13, 2018 at 6:06 am,
    CFS says:


    Has PM May changed Trump’s mind regarding Brexit?

    He has softened his position.

  14. On July 13, 2018 at 6:12 am,
    CFS says:

    No. May is doing a “Vicar of Bray” to stay in power and has hardened her Brexit position.