Weekend Show – Sat 14 Jul, 2018

Hour 1 – Inflation, Trade War Fears, and Comments On The Pilbara Exploration Plays

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  • Segment 1: Jesse Felder kicks off the show addressing the US inflation data we saw this week.
  • Segment 2: Trump and and Fed have been following through on what they promised. Axel Merk shares his thoughts on what that means for the markets.
  • Segment 3: Lobo Tiggre, Editor of the Independent Speculator shares some thoughts on how he does his due diligence on junior companies.
  • Segment 4: John Kaiser wraps up the first hour with his thoughts on Novo Resources and the overall Pilbara play.

Exclusive Company Updates and News


Segment 1

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Segment 2

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Segment 3

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Segment 4

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Featuring:
Axel MerkJesse FelderJohn KaiserGeorge GeroCory Fleck
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Comments:
  1. On July 14, 2018 at 3:23 am,
    Skeeta says:

    Thanks for the weekend show guys as always.
    Your efforts in putting it together are much appreciated.
    Cheers.

    • On July 14, 2018 at 9:17 am,
      Excelsior says:

      Agreed Skeeta.

      Thanks Cory, Big Al, and the KER commentators for another great Weekend Show!

  2. On July 14, 2018 at 5:37 am,
    CFS says:

    Thank you for an interesting show.

    Does anyone, not believe the behavior of Amazon is other than predatory?
    I understand why people enjoy cheaper prices, but is there no concern that Amazon’s practices will destroy other companies and jobs. Exactly what limits should there be to a company that uses its ability to raise capital and use it to increase market share?

    With regard to companies like Facebook and Google, should there be limits to any company’s ability to acquire and sell mass data of the company’s users, who, despite so-called disclaimers, the users are mostly unaware of the extent of invasion of their privacy?

  3. On July 14, 2018 at 5:55 am,
    CFS says:

    The Federal Reserve is a private organization that exists to maximize the profits of bankers (its owners) while appearing to aid in the financing of the US Government.
    Are the currently increasing profits of banking companies occurring because of qualitative easing cheap money. or because of cheap money available via depressed low interest rates?

    Will low interest rates, by causing less saving, result in lower availability of capital available for expansion of the economy?

    Is there any doubt that central banks are colluding to drive the cost of money down?
    Is there doubt that by driving interest rates down, citizens are being deceptively robbed?

    • On July 14, 2018 at 10:25 am,
      David says:

      The rising profits of banks can be explained by on-going unregulated theft.

    • On July 15, 2018 at 2:26 pm,
      Anders from Copenhagen says:

      👍

    • On July 15, 2018 at 6:55 pm,
      chris says:

      Agreed,https://www.silverbullion.com.sg/AboutLoans.aspx will show what money is lending when it is backed by AU.

  4. On July 14, 2018 at 7:44 am,
    Silverdollar says:

    Jesse Felder is one of the best analysts available imo. He has a knack of dividing the big picture into component parts and tries to understand the interaction that goes on between these pieces. A real pleasure to listen to and learn from. Thanks Cory.

    • On July 14, 2018 at 10:14 am,
      Excelsior says:

      Silverdollar – I really enjoy hearing or reading Jesse’s macro thoughts as well.

      Always good to hear his thoughts when he comes on KER.

      • On July 16, 2018 at 1:26 am,
        Excelsior says:

        I thought Lobo made some solid points too about just difficult & risky Exploration is, and conversely, how the smaller Producers with strong exploration upside is a much safer way to fund & play an exploration thesis while money is coming in. In addition many of the smaller producers are ignored by the masses, but can represent real leverage to both rising metals prices (increasing revenues & cash flows) and the potential to make a real discovery without raising money and burning through shareholder value, (like most exploration companies).

        It amazes me that more investors don’t see that having a small producer that can still make a big discovery is a double-whammy.

        This is why I love the stories like Impact Silver, Excellon, Avino, Santacruz, Bayhorse, Anaconda, Monarques, K92, Marlin Gold, Blackham, Comstock, Metanor, Alio, Troy Resources, Golden Queen, Red Eagle, Hummingbird, Jaguar, Superior Gold,etc….

        • On July 16, 2018 at 7:56 am,
          Silverdollar says:

          Ex;
          You bring up a good point: “It amazes me that more investors don’t see that having a small producer that can still make a big discovery is a double-whammy.” I believe you answer your own question somewhat in the next paragraph when you list 19 miners and probably could add another 25 or so quality ones to the list. Now we have a lottery. Add to that all the comments available on the internet and one is soon snowballed with information. It’s enough to make many throw up their hands and move on.
          I’ve never had a ten banger but did, once, have a solid 5 when Newmont bought out Miramar. I had about 25K shares and have never forgotten the disbelief and elation of that time. Obviously, that’s why I’m still searching for the second one.
          Thanks for what you post………..much of it is good info that people can use to narrow down their choices. I sometimes wonder where you get the time.

        • On July 16, 2018 at 8:05 am,
          Silverdollar says:

          Ex:
          You, Lobo is very bright and worth a listen. Your second paragraph– “It amazes me that more investors don’t see that having a small producer that can still make a big discovery is a double-whammy.” –is somewhat answered by your third in that you mention 19 miners and could probably have added another 25. Not one in a thousand investors have the time or ability to do the necessary due diligence. So, they move on to crypto or something else. Many see nothing but lotteries and we know the corner gas station has a 100 different ones at a buck a chance. I think that’s why more don’t participate.
          I hit a solid 5 banger back in the day with Miramar when Newmont bought them out. I’m still playing with the receipts of those 25k shares and looking for my second big one.
          Thanks for your daily inputs. Where do you find the time to do it all?

  5. On July 14, 2018 at 8:10 am,
    David says:

    My impression on the Pilbara US stocks (us symbols) is a total suppression effort. Every public release of information by Novo results in an across the board attack on all Pilbara stocks. Another example is the capping of DeGrey which had a resource of about a million ounces of AU before Novo initial announcement, and now is closing in on 2 mil with high grades. The US price fluctuates around 15 cents no matter what. The blatant criminal manipulation of miners by the US Federal Government and the Central Banking system is sickening.

  6. On July 14, 2018 at 9:10 am,
    Excelsior says:

    Study Finds #Cryptocurrency Rebalance Portfolios Outperform ‘Hodling
    1 hour ago | Jamie Redman #HODL #Bitcoin #Ethereum

    “Rebalancing Beats Hodl by a Median of 64%”

    “Therefore, the ideal portfolio was rebalanced frequently and also contain numerous assets.”

    https://news.bitcoin.com/study-finds-cryptocurrency-rebalance-portfolios-outperform-hodling/

    • On July 15, 2018 at 9:21 am,
      Excelsior says:

      In really speculative fields, (be it cryptocurrencies, biotech, or junior miners), it is wise to rebalance when the dyanmics/news/technical set-up changes, and to diversify across a basket of assets to mitigate volatility risk in one’s portfolio.

  7. On July 14, 2018 at 9:53 am,
    Excelsior says:

    Has the Bear Woken Up?

    by Gary Wagner – July 13, 2018 – #TechnicalAnalysis #Gold #VIDEO

    https://thegoldforecast.com/video/has-bear-woken

  8. On July 14, 2018 at 1:21 pm,
    CFS says:

    Yangjiang 5 enters commercial operation
    13 July 2018
    Unit 5 of the Yangjiang nuclear power plant in China’s Guangdong province has completed commissioning tests and now meets the conditions for entering commercial operation, China General Nuclear (CGN) announced yesterday.

    • On July 15, 2018 at 9:26 am,
      Excelsior says:

      Trade War Becomes “Tech War” As Trump Cracks Down On China’s Rare Earth Metals

      Wed, 07/11/2018

      “While a closer read of the 200+ page schedule released last night by the Trump administration that listed all the exports captured by the $200BN in new proposed Chinese tariffs revealed some oddities such as badger hair, bovine semen, frog legs, flamethrowers, fetal bovine serum and blood, one product group stood out: rare-earths, an esoteric collection of minerals with strange names (Dysporsium, Europium, Neodymium, Lanthanum and Yttrium), which all have niche, high-tech applications and a history of scarcity. They’re used in everything from cell phones to hybrid vehicles to wind turbines and military hardware, which as Bloomberg writes suggests that the trade war is starting to hit its stride as a tech war.”

      “But more importantly to the trade – or now tech war – is that China is effectively the only producer in size of these critical components that keep America’s high tech industry running.”

      “Rare earths, which are also used in military applications, weren’t mined domestically last year, leaving the U.S. to rely entirely on supplies from abroad. According to the US Geological Survey, the country imported $150 million worth of rare-earth metals and compounds in 2017, a 27% increase from the prior year.”

      “More notably, China accounted for 78% of the imports of the materials in 2013-2016. China also produced more than 80% of the world’s rare-earth metals and compounds in 2017, and has about 37% of global reserves, according to Bloomberg.”

      https://www.zerohedge.com/news/2018-07-11/trade-war-becomes-tech-war-trump-cracks-down-chinas-rare-earth-metals

  9. On July 15, 2018 at 10:28 am,
    Excelsior says:

    Newfoundland Maritime Disaster

    Bob Moriarty – Jul 12, 2018 – (ANX) vs (MAE)

    “Anaconda is a real mining company with mines, income and management. Best of all, they have a mill in Newfoundland that they could use the feed for. It’s one of those no lose deals where practically everyone profits. Anaconda picks up a million ounces of economic gold, Maritime shareholders own a major piece of a real mining company. What is not to love?”

    “When presented with the offer from Anaconda, the management of Maritime, and I use the term in the loosest possible way, panicked. It was obvious to them there wasn’t a chance in hell of them continuing employment with any serious mining company. They threw every possible obstacle in the way of Anaconda including misleading press releases and a highly dilutive private placement a mere four weeks after closing a placement that took more than three months to close.”

    “Anaconda finally got tired of dealing with self-serving idiots who would screw their own shareholders and on July 12th canceled the offer to Maritime shareholders thereby proving not only is there a God, she has a sense of humor.”

    http://www.321gold.com/editorials/moriarty/moriarty071318.html

    • On July 15, 2018 at 6:26 pm,
      Charles says:

      Wonder what’s next for Anaconda. Do they buy somebody else with more reasonable management or pick up Maritme assets for a song after they file bankruptcy.

      • On July 16, 2018 at 1:08 am,
        Excelsior says:

        Yeah, I’ve been wondering that myself. Some investors over at ceo.ca feel that Anaconda will make another run at Maritime Resources in 6-12 months when it becomes more obvious that the current management isn’t delivering value creation to shareholders, but instead is raising money to fund a lifestyle Jr.

        Personally, I’d like to see Anaconda give Maritime the finger, and go buy out (RCG) Resource Capital Gold Corp while they are on fire-sale.

        ________________________________________________________________

        > Nova Scotia gold fields roll-up

        • Four historically producing high-grade gold projects acquired
        – Dufferin, West Dufferin, Forest Hill, and Tangier
        – Consolidating high-grade deposits
        with excellent upside

        http://rcgcorp.ca/assets/docs/RCG%20Corporate%20Presentation%20May%202017%20Web.pdf

        • On July 16, 2018 at 7:52 am,
          Charles says:

          RCG looks interesting. Thanks for the post. Maybe snag RCG and then Maritime later. Two for the price of one!

        • On July 16, 2018 at 9:38 am,
          Mickey Mantle says:

          Excelsior as usual you are very well tuned to what is really up
          ANX IMHO will take a very serious run at RGC
          They will get Maritime for a song at a later date
          You Cant fix stupid
          Sad for MAE bag holders
          That was a WIN-WIN for both
          Much like the OX-ANX merger
          Jonathan Fitzgerald COB of Anaconda is a wizard at doing synergistic deals

  10. On July 15, 2018 at 11:47 am,
    Excelsior says:

    How To Build A Royalty Company… And Keep Your Cash

    by @Keecher on July 15, 2018

    “Dan O’Flaherty is the CEO of Maverix Metals, a royalty and streaming company based in Vancouver, Canada.”

    “Maverix was founded just two years ago by ex-Pan American Silver CEO, Geoff Burns, who brought on Dan as the company’s first CEO. Since then Maverix has been on an aggressive acquisition spree acquiring some of the most lucrative streaming and royalty packages in the sector. In this conversation we discuss:”

    – What exactly does an investment banker do all day?
    – How Maverix was able to complete numerous transactions while paying next to nothing in cash.
    – Why the royalty sector presents a particularly appealing opportunity for investors.
    – Why companies choose to sell or “spin out” their royalty portfolios.
    – What Dan looks for when he invests his personal capital in the mining sector.

    https://capitalistexploits.at/2018/07/how-to-build-a-royalty-company-and-keep-your-cash/

  11. On July 15, 2018 at 6:38 pm,
    Charles says:

    Thanks for the show Cory. I enjoyed Jesse Felder.

  12. On July 16, 2018 at 1:13 am,
    Excelsior says:
  13. On July 16, 2018 at 2:37 am,
    Excelsior says:

    RBC Wealth Management chart showing where they see multiple sectors in the Bull/Bear cycle. Note where they see Gold & Silver.

    (Highlighted thanks to Irene “Gold Market Girl”)

    https://pbs.twimg.com/media/DiIhPy4XUAAXDX9.jpg:large

    • On July 16, 2018 at 10:17 am,
      Shootingfish says:

      #buyatthebottom
      I wonder what this chart means?