Weekend Show – Sat 20 Oct, 2018

Hour 1 – Central Banks, Inflation, and Insights Into A Couple Metal Stocks

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Another volatile week in the markets. Our topics this week in the first hour include central banks around the world and what it will take throw them off the new hawkish stance. We also get a couple insights on resource companies that are catching the eye of a well respected newsletter writer.

Please keep in touch by emailing me at Fleck@kereport.com. I love hearing from all of you!

  • Segment 1: We kick off the show with Chris Martenson, Co-Founder of Peak Prosperity share his thoughts the monetary policy from central banks around the world.
  • Segment 2: Doc discusses inflation and the factors at play that could drive it higher.
  • Segment 3: Matthew Hornor, President and CEO of Maple Gold Mines provides some insights on the gold market from a corporate management perspective. We discuss global factors and the health of the major companies.
  • Segment 4: Byron King, Editor of the Gold Speculator takes a look at three resource companies that he has recommended to his subscribers.

Exclusive Company Updates This Week


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:
Chris MartensonRichard PostmaByron KingCory Fleck

Comments:
  1. On October 20, 2018 at 8:36 am,
    Excelsior says:

    Thanks Cory and to the KER contributors for another weekend show. It is appreciated.

    Ever Upward!

  2. On October 20, 2018 at 8:38 am,
    Excelsior says:

    The Next Bull Market Move Interview – Matt Geiger, Managing Partner at MJG Capital

    by @bullmarketmove on October 19, 2018

    “We saw a well-followed resource investor throw in the towel and proclaim that mining shares would decline through the rest of the year. We saw large funds rebranding and switching mandates away from metals and mining. Despite the pessimism, the gist of the article is that we are NOT in a new mining bear market. Instead, the weakness we’ve seen for most of this year should be viewed as a consolidation period within the mining bull market that began in early 2016.”

    My rationale for this is twofold. The first reason is that, by historical standards, the bull market that began in January 2016 would have been abnormally short and weak if it indeed ended this past January. As pointed out by newsletter writer Gwen Preston, the average junior mining bull market has “averaged 47 months with a 202% gain. . . If this [bull] market indeed ended in January (the last high), it would have been the shortest (25 months) and the weakest (73%) in four decades.”

    “This in and of itself is not conclusive evidence that this bull market is still ongoing. It is indeed possible that a decade from now we’ll look back on the two-year period between January 2016 and January 2018 as the shortest resource bull market of the past 50 years.”

    https://ceo.ca/@bullmarketmove/the-next-bull-market-move-interview-matt-geiger-managing-partner-at-mjg-capital-october-2018

    • On October 20, 2018 at 8:40 am,
      Excelsior says:

      More cogent insights from Matt Geiger regarding the uptick in Mergers and Acquisitions in the mining sector from that interview with Kerem linked above:

      ______________________________________________________________________

      The second and more persuasive piece of evidence is that the M&A activity surrounding companies such as Arizona Mining, Nevsun, Novagold, Peregrine and Northern Empire indicates that we are still in a bull market. I mentioned that we were seeing an increased appetite for strategic investments into earlier stage juniors led by major miners such as South32, Newcrest, and Goldcorp. I then commented that this trend was sustainable and that “more deals are coming, and soon.”

      “The article was published in mid August and I think the thesis has been supported by what’s happened in the weeks since. Most notably, the M&A activity has only picked up in intensity. In mid September, we saw Ross Beaty-led Equinox Gold pay $158m for New Gold’s producing Mesquite Gold Mine in California. Less than a week later, Barrick Gold announced the acquisition of Rangold in a mammoth $18.3b deal. On the same day, Great Panther announced an all-share takeover of ASX-listed Beadell Resources. Just this week, Americas Silver announced an all-share takeover of Pershing Gold. We’ve also seen SolGold hit a 52-week high as takeover rumors swirl around the company’s Cascabel Project.”

    • On October 20, 2018 at 9:04 am,
      Excelsior says:

      Gold Settles Higher for the Week, But Lower for the Day

      Gary Wagner – October 19, 2018 #TechnicalAnalysis #Charts #Video

      https://thegoldforecast.com/video/gold-settles-higher-week-lower-day

    • On October 22, 2018 at 1:07 am,
      Excelsior says:

      There was an odd jump up over $16 in Silver if this Kitco chart is accurate.

      Maybe just showing us there is still a pulse… not dead yet?

      http://www.kitcosilver.com/charts/24hoursspot.html

  3. On October 20, 2018 at 8:41 am,
    Excelsior says:

    @Goldfinger – “$GDX prints a perfect doji (literally perfect) on the weekly:”

    “MACD bull crosses on the weekly as price range narrows and volume drops off, normal and healthy action after last week’s surge. Next resistance near $21.00.”

    http://cdn.ceo.ca/1dskehh-GDX_Weekly_10.19.2018.png

    • On October 20, 2018 at 8:54 am,
      Excelsior says:

      Everybody Loves A Winner But What Do We Do About The Losers?

      by @Goldfinger on October 18, 2018

      “Another concept that I believe is important to understand is that by the sheer nature of the junior mining sector there will always be big losses from time to time, it’s simply the nature of the beast. I watched an excellent presentation by Joe Mazumdar at MIF in which he pointed out that Eric Sprott’s portfolio has quite a wide variance of outcomes, and then his own portfolio from Exploration Insights showed returns ranging from -86% on the worst investment to a gain of more than 1200% on the best. Risk is the nature of the resource exploration sector and there are ways to manage it more effectively, but there is no way to avoid it completely.”

      > “Exploration is high risk/high reward, you can make a lot of money in two months and lose a lot of money in ten months.” ~ Joe Mazumdar

      “What should you do with positions that are showing large losses that you’ve been hanging on to for a long time (more than a year)? I like to review my portfolio quarterly and ask myself why I own each and every stock that’s in there. If the best answer I can come up with is that the stock is down a lot and “it’s got to bounce at some point” then that’s a sign to me that it’s time to make a sacrifice to the market gods and sell this position. Try it, you will probably feel lighter and breathe easier after you exit a position that’s been both weighing on you emotionally and financially. ”

      “There is also an opportunity cost to holding a losing position, there are other opportunities in which one can invest that capital. Moreover, cash is a position too, a position which gives one more optionality in the future. Finally, remember that your cost basis doesn’t matter much. What matters is where the stock is trading now and what the real potential is from here going forward. Every moment in the market is unique, and the past has already happened. What is the potential from here on out? What is the risk?”

      “Juniors are “burning matchsticks” and the longer it takes for a company to make a discovery or advance their projects, the worse it is for shareholders (more money spent, more share dilution, etc.). Have a plan and be conscious of risk as well as the value of time. Update your plan periodically and check in with why you own the stocks you own…”

      https://ceo.ca/@goldfinger/everybody-loves-a-winner-but-what-do-we-do-about-the-losers

      • On October 20, 2018 at 10:07 am,
        Excelsior says:

        (SIR) Serengeti Resources/Dave Moore the Lou Gehrig of Junior Miners

        by @MickeyMantle on October 18, 2018

        https://ceo.ca/@mickeymantle/dave-moore-the-lou-gehrig-of-jr-mining

      • On October 20, 2018 at 10:46 am,
        Charles says:

        Good advice from goldfinger. I couldn’t leave you be the only poster today LOL!!! Thanks hanks to you he KER clAn for putting another great show!

      • On October 20, 2018 at 1:42 pm,
        Charles says:

        Good tips by Goldfinger. Excellsior I had to post something as you have had all the posts LOL! Cheers!

        Thanks to Cory and the rest of the KER team for a great show!

        • On October 20, 2018 at 3:48 pm,
          Excelsior says:

          Cheers!

    • On October 21, 2018 at 7:11 am,
      Excelsior says:

      Brien Lundin – Expect Gold & Gold Stocks to Go Up, While S&P Moves Down

      by @PalisadeRadio on October 21, 2018 #AudioInterview

      “Brien feels that we are on the verge of an upswing in the metals, that any large stock market declines will likely result in Fed easing, and that the copper and zinc markets are looking good right now.”

      https://palisaderadio.com/brien-lundin-expect-gold-gold-stocks-to-go-up-while-sp-moves-down/

  4. On October 20, 2018 at 9:23 am,
    Excelsior says:

    Uranium Series Part 6 – Lobo Tiggre

    by @PalisadeRadio on October 20, 2018

    https://ceo.ca/@palisaderadio/uranium-series-part-6-lobo-tiggre

    • On October 20, 2018 at 9:26 am,
      Excelsior says:

      URANIUM SERIES PART 5: CHANGES COMING WITHIN THE US URANIUM MARKET
      George Glasier – Audio Interview – PalisadeRadio – 3 days ago

      “George discusses the section 232 petition and why its important for U.S. uranium resource holders. Last year the U.S. produced a mere 2 million pounds while consuming over 50 million. The petition asks that 25% of U.S. commercial utility demand be filled by U.S. sourced uranium. That means 12+ million pounds may be required. The Department of Commerce is reviewing the petition and will make a recommendation next year to the President.”

      “Mr. Glasier outlines what is required for production to resume. It requires a new contract commitment for vanadium near current pricing. The big question with vanadium is what is the sustainable long-term price level. He notes that the price of uranium continues to move upwards due to production cutbacks.”

      https://palisaderadio.com/george-glasier-uranium-series-part-5-changes-coming-within-the-us-uranium-market/

    • On October 21, 2018 at 7:01 am,
      Excelsior says:

      U.S. EPA withdraws proposed Obama-era rule change for Uranium mining

      Fri, 19 Oct 2018 – Reuters

      “The decision is the latest by the Republican Trump administration to roll back environmental rules promoted by former President Barack Obama, a Democrat.”

      “EPA’s acting administrator Andrew Wheeler cast the proposed rule change as “unnecessary and punishing” on uranium producers.”

      “The Nuclear Regulatory Commission has regulated in situ uranium recovery for nearly 40 years. The agency has never found an instance of ground water contamination that would be addressed by this rule,” Wheeler said in a statement.

      “The National Mining Association (NMA) hailed the decision.”

      “The rule “failed to articulate a risk that justified the rulemaking, ignored the need for a realistic cost-benefit analysis, and underestimated compliance costs and impacts to small businesses,” NMA President Hall Quinn said. (Reporting by Humeyra Pamuk; editing by Grant McCool)”

      https://www.cnbc.com/2018/10/19/reuters-america-u-s-epa-withdraws-proposed-obama-era-rule-change-for-uranium-mining.html?__source=sharebar|twitter&par=sharebar

  5. On October 20, 2018 at 11:28 am,
    Excelsior says:

    “Scalable Projects” Jordan Roy-Byrne and Doug Ramshaw, President of (MAI) (MAIFF) Minera Alamos Inc.

    Metals Investor Forum

    Jordan Roy-Byrne, The Daily Gold Premium and Doug Ramshaw, President of Minera Alamos Inc. discuss the company’s three scalable projects at the September 2018 Metals Investor Forum in Vancouver.

    https://www.youtube.com/watch?v=z_ggJ2HVCos

  6. On October 20, 2018 at 4:37 pm,
    Excelsior says:

    Nickel Prices Will Rise Even Without The EV Revolution

    Martin Turenne & Brian Leni – MiningStockEducation – Oct 17, 2018

    “At the 2018 Mines and Money Toronto conference, Martin Turenne (CEO, FPX Nickel) and Brian Leni (Junior Stock Review) shared why they are both very bullish on nickel as a commodity. This interview is a must-listen for investors wanting to understand the fundamental case for a rising nickel price.”

    https://www.youtube.com/watch?v=AxgbpO0vebk

  7. On October 20, 2018 at 6:39 pm,
    Ozibatla says:

    Just a thought: Is it possible that the Fed is implementing a series of rate hikes now so they can give themselves some ammunition for when the sh*t hits the fan further down the tarck? All the while knowing, that the hikes presently are causing some negative impacts in both the US economy and throughout the world. Essentially, the very rate hikes we are witnessing at present could be the catalyst that throws the world into another recession. Yet at the same time, higher rates could be reversed to help beat the inevitable recession that arrives. Whats that place called between a rock and a hard place?

    • On October 20, 2018 at 11:19 pm,
      Excelsior says:

      Well stated.

  8. On October 21, 2018 at 2:12 am,
    Ozibatla says:
  9. On October 21, 2018 at 6:51 am,
    Markedtofuture says:

    Bitcoin – BREAKOUT Due To LOW Volume!! Exciting Times Ahead! | Silver Vs. Gold

    https://www.youtube.com/watch?v=ckVg6sreD1U

  10. On October 22, 2018 at 5:44 am,
    Ozibatla says:

    Geez palladium is starting to close in on gold. Golds premium difference is now less than $120. Surely it wont catch gold before years end?


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