Hour 1 – The Shaky Equity Markets Post Election And Fed Meeting
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There was a lot of noise this week for investors. We completed the US mid-term elections and had the Fed meeting. The major takeaway is that not a whole lot is changing for investors. Equity markets remain volatile and generally weak around the world. Oil and metals continue to slid and are unloved. Finally the USD keeps moving higher. We focus a lot on the US markets this show but also discuss the metals in terms of what distracts investors.
Please keep in touch with me by emailing me at Fleck@kereport.com. I love to hear from all of you and do my best to follow up with all the companies and guests you want to hear on the show. Keep the emails coming and have a great weekend!
- Segment 1: Jordan Roy-Byrne, Founder of The daily Gold discusses the misconceptions behind gold.
- Segment 2: Futures and Currency Trader at Simpler Trading, Raghee Horner shares the key factors she is watching for the US markets and if she is expecting a post Fed and Santa Clause rally.
- Segment 3: Fund Manager Dana Lyons dives into the US markets and what his trading strategy is for this potential market top.
- Segment 4: A new guest Rick Bensignor, Editor of the Bensignor Report shares his outlook for the macroeconomic picture, bond market, and the US markets.
Segment 1
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Segment 2
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Segment 3
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Segment 4
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Thanks as always fella’s for your efforts.
Cheers.
Cory, Big Al and KER contributors – Your work is very much appreciated and thanks for another great weekend show.
Ever Upward!
Thanks Excrlsior
A body in motion continues in motion until acted upon by a force.
It all depends on your time-scale and what forces are expected, but there is a lot of red in:
https://finviz.com/map.ashx?t=sec
This was a very entertaining “Speed-Dating” section where Marin asks each one of these market commentators rapid-fire questions. Good thoughts, and some funny moments.
They cover hot companies like GT Gold, Novo Resources, Great Bear, Garibaldi, White Gold, Serengeti Resources, EMX Royalties, MAG Silver, and more companies.
Also they cover commodities like Gold, Silver, Copper, Cobalt, Uranium, but also trends in the general US equity markets, Bond Markets, US Dollar, Euro, China, Russian, and investing tips and allocations.
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Top Resource Stock Picks of 2018 – Katusa Krossfire (Grant Williams wins the stage)
Cambridge House International – Nov 5, 2018
“What are the top resource stock picks of 2018?”
> Watch as Marin Katusa (Katusa Research) discusses the current markets with investment experts Brent Cook (Exploration Insights), Brent Johnson (Santiago Capital), David Morgan (The Morgan Report), Doug Casey (Casey Research LLC), Frank Curzio (Curzio Research), Grant Williams (Vulpes Investment Mgmt) and Rick Rule (Sprott US Holdings Inc.).”
Doug Casey’s Investments To Avoid for 2019 (Part2)
Nov 07, 2018 – Doug Casey Founder, Casey Research
Although cannabis stocks have been considered “hot” money, Doug Casey, founder of Casey Research, said that this sector is currently overbought, as is the overall equities market. ”
“I don’t like the overall stock market…point number two, I’ve been involved in these marijuana stocks, I think that you could never go wrong in two ways: underestimating the stupidity of the American public, or underestimating their desire for vice,” Casey told Kitco News on the sidelines of the Silver & Gold Summit in San Francisco, “unfortunately, it’s become a bubble, and it’s peaking.”
“On commodities, Casey thinks that there is more upside still, saying that he is “a commodities bull.”
How Has The Energy Trade Changed? – Marin Katusa, Rick Rule and Nick Hodge
Cambridge House International – Nov 6, 2018
“Watch as Marin Katusa (Katusa Research), Rick Rule (Sprott US Holdings Inc.), and Nick Hodge (Outsider Club), discuss the Oil, Natural Gas, Coal, Lithium and Cobalt markets.”
Market Scams: How To Protect Your Investment – Marin Katusa, Rick Rule and Brent Cook
Cambridge House International – Nov 9, 2018
“Watch as Marin Katusa (Katusa Research) discusses with Rick Rule (Sprott US Holdings Inc.) and Brent Cook (Exploration Insights) discuss market scams and what investors can do to avoid them.”
Rick Rule: Companies Often Regard Shareholders As Unsecured Creditors — Instead Of Partners
by @sprottmedia on November 10, 2018
John Hathaway: Deficit Risks Will Fuel Gold Move Higher
by @PalisadeRadio on November 9, 2018
” John cautions that investors are going to become increasingly aware of the dangers of deficit spending and inflation which should cause gold to get more of a bid. A small pullback could still happen, but he doubts that there will be a retest of 2015 lows. Long-term he remains very bullish.”
“He feels the best performance gains will come from exploration companies. There is always excitement from a good drill hole or from resource estimates increasing. The larger companies like Barrick and Newmont are running out of reserves, and these companies will need to acquire some new properties from smaller explorers. He sees a merger and acquisition phase coming.”
>> Time Stamp Reference:
00:50 – Sentiment in the gold markets
03:30 – Valuations of mining stocks.
05:00 – Strong dollar not necessarily bad for gold.
06:36 – Recent performance from large mining companies.
08:10 – Good explorers can bring excellence performance
10:30 – Streaming and Royalty performance going forward.
13:25 – Pessimism in some stocks may bring extra gains.
15:05 – U.S. fiscal situation, government in-action, and market risks.
https://palisaderadio.com/john-hathaway-deficit-risks-will-fuel-gold-move-higher/
‘Strive to Build’ – in conversation with Rob McEwen, part 1
The Northern Miner Podcast – episode 125
John Cumming – November 10, 2018
Data as the new primary resource for miners ft Dundee’s Rick Howes
The Northern Miner Podcast – episode 124:
John Cumming – November 9, 2018
“Rick delves into the many complex issues revolving around driving innovation at a mining company, especially during the current era of accelerated technological improvement in computing power.”
Prices When Gold Is Money
By Alasdair Macleod – Goldmoney Insights – November 08, 2018
https://www.goldmoney.com/research/goldmoney-insights/prices-when-gold-is-money
Where Are The Experts Investing In 2018? – Silver & Gold Summit 2018 Roundup
Cambridge House International Inc. – Nov 7, 2018 #VIDEO
“Where are the experts investing in 2018? Watch as Rick Rule (Sprott US Holdings Inc.), Frank Curzio (Curzio Research), Brent Johnson (Santiago Capital), Nick Hodge (Outsider Club) and Brent Cook (Exploration Insights) discuss what markets they are watching and where they see the most potential for growth.”
#NarrativeInvesting #ValueInvesting
A bubble and its peaking??? In Canada we don’t know what the real demand for recreational pot is cuz supply can’t keep up to demand….in states where medical pot exists opioid overdoses are down 25%… yes Canadian pot stocks seem overvalued but time will tell. I’m riding the US pots now and they are still moving higher
I am invested big time in a medical marijuana company,
I’m all ears Al….. I sold most of my origin house (formerly cannaroyalty) warrants after a nice run. Still hold some and have been picking up planet 13…..on the Canadian side still hold my canntrust and have added to it cuz of their partnership with Apotex but am always open to others opinions. Thanks
Is Nuclear Power Clean Energy? – Uranium In America
Cambridge House International Inc. – Nov 7, 2018 #VIDEO
“Watch as Marin #Katusa, founder of Katusa Research, discusses with Mark Chalmers, President and CEO of Energy Fuels Inc. $EFR $UUUU, and Amir Adnani, President and CEO of Uranium Energy Corp. $UEC.”
Should Investors Still Be Watching Uranium Stocks In 2018?
Cambridge House International Inc. – Nov 5, 2018 #VIDEO
“Watch as Nick Hodge (Outsider Club) discusses the future of the uranium market with Skyharbour Resources Ltd. $SYH, Western Uranium & Vanadium Corp. $WUC and IsoEnergy Ltd. $ISO ”
ROBERT BAYLIS: THE SUPERTREND FOR LITHIUM IS STILL INTACT
by @PalisadeRadio on November 6, 2018
“Robert brings us his understanding of the lithium space. Only recently have automakers and governments focused on particulate matter what China describes as “cleaning the skies.” These policies have pushed the electric vehicle industry forward and thus the increased need for batteries. Meanwhile, prices for batteries have been falling while their capacity and capabilities have increased and we are now at the point of electric vehicles competing directly with fossil fueled cars.”
>> Time Stamp Reference:
01:10 – Lithium history and promise.
02:20 – Electric Vehicles dominant market for lithium.
03:50 – Lithium supply pricing and contracts.
06:00 – Demand growth fundamentals.
06:50 – OEM’s moving into the marketplace.
08:40 – Possible risks with the lithium space?
10:00 – Electric vehicles likely to dominate.
11:00 – Possible future battery technology.
https://palisaderadio.com/robert-baylis-the-supertrend-for-lithium-is-still-intact/
Strong Selling Pressure Sparked by Global Economic Slowdown
November 9, 2018 – Gary Wagner #TechnicalAnalysis #VIDEO
https://thegoldforecast.com/video/strong-selling-pressure-sparked-global-economic-slowdown
Ira Epstein’s Metals #Video (11/9/2018)
Technical Analysis, Gold, Silver, Copper, Platinum
Silver Price During a Stock Market Crash
November 7, 2018 – iGold Advisor
After watching that Ex I believe all that can be said is buy more EMX Royalties…
😉
It’s funny because I was very excited about the potential of their Copper project, and sooooo many people over at ceo.ca said it was a no-go, would never get bought or developed, that you can’t trust the Russians….. etc… etc…
Now publicly RR, MK, and BC all stated that it surprised them that they pulled off that sale of their copper asset, but that the proceeds and what they’ll be able to do acquiring other royalty assets aren’t factored into the share price at present.
Gotta love these royalty profit dumpsters.
Wolfster – speaking of royalty companies……
I’m keen on the set up in Sailfish Royalty Corp (FISH) at present, because their overly complicated transaction with Marlin Gold (MLN), from which it was spun out initially, and Golden Reign (GRR) is being completely overlooked by the marketplace.
Basically when Marlin spun out Sailfish they got the streaming deal on Golden Reign’s San Albino development project, and the royalty on El Dorado’s development project Tocantinzinho.
https://sailfishroyaltycorp.worldsecuresystems.com/stream-royalties.html
Those are both good and a solid value, but I never understood during that spinout why Marlin retained the Royalties on (EXK) Endeavour Silver’s El Compass mine, which is going into production at present, or (KTN) Kootenay Silver’s La Cigarra development stage project [that they picked up during their acquisition of Northhair Silver a few years back].
Then, when the news broke that (GRR) Golden Reign, a developer, was acquiring Marlin Gold, a small gold/silver producer, I saw this section and the light-bulb went off.
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(a) the Revised Stream Agreement will have the equivalent effect of a 3% net smelter royalty (“NSR”) over the existing area of interest, and a 2% NSR on the rest of the 138 sq. km area surrounding the existing area of interest, with no security interests granted;
(b) Sailfish will extinguish Golden Reign’s prepayment liability associated with the existing gold
stream on San Albino;
(c) Sailfish’s existing funding obligation of approximately US$13.9 million will be eliminated;
(d) all covenants associated with the existing gold stream will be renegotiated on terms consistent with an arm’s length royalty; and
>>> (e) “as partial consideration for entering into the Revised Stream Agreement, Marlin will assign to Sailfish, for no additional consideration, the El Compas (1.5% NSR) and La Cigarra (1% NSR) royalties in Mexico, the right to option the Gavilanes property in Mexico for nominal consideration, which is expected to be converted to a royalty upon entering into an exploration agreement with an operating partner and approximately 50 million MXP of Mexican value add tax (“IVA”) receivables (not including interest and other adjustments), which are part of ongoing litigation with the Mexican tax authorities. A portion of these IVA receivables have already been received by Marlin”
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So basically, this 3 way merger mashup between Golden Reign, Marlin Gold, and Sailfish Royalty is far more genius than the marketplace is giving them credit for, and hardly anyone pays attention to any of them. I made a great return in Marlin from late 2016 through mid 2017 because the stock was 85% held by Wexford Capital and the float was so small, it was easy to have it forced higher.
Now, after the last year where they spun out Sailfish, and announced the drawn out merger of Golden Reign and Marlin, I was wondering what the hell they were doing as it killed the valuations of all 3 companies.
—> Now I realize that by GRR acquiring a revenue generating MLN, that will be the tool they use to help build out and develop San Albino. The giant noose around their neck was the streaming deal that Marlin passed to Sailfish, but that all just got cleaned up during this merger.
The noose around (FISH)’s neck was the large payout they had to fork out to help fund San Albino, but that also was just resolved by adjusting the streamining dea, and if you read part (e) carefully, Sailfish just picked up the 2 royalties from Marlin on Endeavour Silver’s El Compass, and Kootenay’s La Cigarra, and a royalty on Golden Reign’s San Albino, and the future agreement to create a royalty on Marlin’s Gavilanes project.
If you recall, this Gavilanes project was one that Marlin bought for a song and dance from (SCZ) Santacruz Silver last year when SCZ was clearing up their debt and balance sheet.
*** Conclusion, Golden Reign was wise to acquire a revenue generating smaller miner, Marlin Gold, to fund the development of their much larger mine in Nicaragua, but simultaneously, work out a much better arrangement with Marlin’s old spinout, Sailfish Royalty, which helped not just them but Sailfish as well.
Now Sailfish Royalty Corp (FISH) (SROYF) – will have 1 stream, and 4 royalites, with the arrangement to create a 5th royalty on Gavilanes down the road.
The marketplace is asleep at the wheel at present, and there isn’t any interest in the sector from most right now regardless. However, in a year or so, people are going to wake up and realize Golden Reign is a small producer with a huge development projects getting ready to be build, and will wonder where the hell Sailfish Royalty Co came from. 🙂
I can see why most people don’t get it…..my head hurts after reading all that..lol
Does sound interesting though. Thanks
Yes, it is confusing. After re-reading some of the press releases again, there is 1 correction I need to make to the above description, and that is that essentially the streaming deal on San Albino was converted into a 3% and 2% NSR to Sailfish, and there is no longer a “stream”.
Post-transaction, Sailfish Royalty Corp $FISH $SROYF – will have 5 #royalites (2 on San Albino), 1 on Tocantinzinho, 1 on El Compass, and 1 on La Cigarra, with the arrangement to create a 6th #royalty on Gavilanes down the road.
It isn’t the beefiest royalty company by any stretch, but all their projects are advanced development projects going into production over the next few years, so their value will only grow, as should the valuation of the company.
In addition Golden Reign has the shackles loosened finally, and has a cashflowing mine La Trinidad from the Marlin Gold merger to use to build San Albino.
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Here is the Corporate Presentation for Golden Reign after the combination with Marlin:
http://static.gowebcasting.com/documents/files/events/event_00002756_ScXG5Qvw.pdf
Jordan is about my favorite person to listen to.
I just listened to one of Ex’s listed video’s and Rick Rule made an interesting point on Cobalt. He said “there are only two supply potentials for cobalt one is Katanga the other is The Russians.” Katanga’s cobalt supply has been disrupted until they can clean the uranium from the cobalt ore, that means Katanga’s cobalt supply will be off line for more than one year and maybe much longer. The price of cobalt has gone up 15% in one week based probably on the loss of this important supplier. The electric car industry is now forced to look at a battery that doesn’t need cobalt. Isn’t investing fun. DT
Car Battery Pioneer Says New Breakthrough Will Lower Cobalt Use
Bloomberg News | Nov 7, 2018
“BASF was keen to catch up with cathode market leader Umicore SA, and in April 2016 turned to Sahin’s CAMX Power company and its #lithium #nickel -oxide formula. Two months later, Johnson Matthey followed suit. The London-based company had been in talks to acquire Sahin’s company until BASF pounced on a license, forcing it to settle for a similar arrangement, according to a person familiar with the situation…”
http://www.mining.com/web/car-battery-pioneer-says-new-breakthrough-will-lower-cobalt-use/
Stung by Asian dominance, Germany pours cash into EV Battery ventures
Reuters | 2 days ago
“Germany has earmarked 1 billion euros ($1.2 billion) to support a consortium looking to produce electric car battery cells and plans to fund a research facility to develop next-generation solid-state #batteries, three sources told Reuters.”
” #Lithium-ion batteries are likely to be overtaken in a matter of years by solid-state technology that is expected to produce cheaper batteries with higher energy density.”
http://www.mining.com/web/stung-asian-dominance-germany-pours-cash-ev-battery-ventures/
Cobalt prices could rally 30% by mid-2019
Frik Els | Nov 8, 2018
The Next Bull Market Move Interview – Bryan Slusarchuk, Founder of European Electric Metals
by @bullmarketmove on November 7, 2018
“We view the underlying supply and demand dynamics for copper, nickel and cobalt as very attractive. The supply side because difficult pricing environments for multiple years for the metals resulted in a lack of new expansion and exploration spending, while the demand side is exciting due to technological innovation such as electrification.”
“Also, as you know, the vast majority of the world’s cobalt comes from DRC where working conditions, including child labour, can be horrendous. End users are increasingly not only seeking out stable sources of cobalt supply but are looking for ethically sourced material.”
(BBB) (BXTMF) BRIXTON METALS DRILLS MULTI-KILOGRAM SILVER AND 1.9 PERCENT COBALT AT ITS HUDSON BAY PROJECT
October 22, 2018
– Drill hole HB18-31 intersected one metre of 3,290 g/t silver, 0.29% nickel and 0.14% cobalt within 2.00m of 1,667.30 g/t silver, 0.15% nickel and 0.07% cobalt from 22m depth
– Drill hole HB-18-34 intersected one metre of 1.96% cobalt and 16.20 g/t silver from 80m depth
– Drill hole HB-18-26 intersected four metres of 536.50 g/t silver from 45m depth, including 1,285 g/t silver over 1.00m
Ex, thanks for the article on European Electric Metals, I bought some shares on Friday. Interesting story great management team. DT
Hi DT. Yes, it looks interesting and my buddy Kerem over at The Next Bull Market Move has a good eye for undervalued companies in developing trends. I need to look into it a bit closer myself. Cheers!
Nickel is weaker than expected right now but it has a bright future – here’s why Resources
November 9, 2018 | Angela East
“November 9, 2018 | Angela East
Nickel prices may remain weak for the next couple of years, but an increase in demand from battery makers makes the outlook extremely promising two to three years out.”
“The biggest primary driver of nickel consumption right now is stainless steel — and forecasts for steel demand have softened.”
“There is also still an oversupply situation, with “reasonable” nickel inventories still needing to be used up.”
“So for anyone buying nickel, there’s no reason as of this moment for them to be anxious about securing that supply,” Mr Morgan said.
“Electric vehicles, which is an extremely small part of the market right now, has not yet had an opportunity to become big enough to have really mattered in the short-term.”
Metals Investor Forum November 2018 – Gwen Preston, Resource Maven
MIF November 9-10, 2018 in Vancouver: #VIDEO
“Gwen Preston, Resource Maven – “A goldilocks midterm~the best of both worlds?”
Metals Investor Forum November 2018 – Eric Coffin, Publisher of HRA Advisories
MIF November 9-10, 2018 in Vancouver: #VIDEO
Eric Coffin, Publisher of HRA Advisories – “Transitions”.
Metals Investor Forum November 2018 – John Kaiser, Founder of Kaiser Research Online
MIF November 9-10, 2018 in Vancouver: #VIDEO
John Kaiser, Founder of Kaiser Research Online – “Back to the Homeland or stay Abroad”.
Metals Investor Forum November 2018 -Jordan Roy-Byrne, Editor & Publisher of The Daily Gold Premium
MIF November 9-10, 2018 in Vancouver: #VIDEO
Jordan Roy-Byrne, Editor & Publisher of The Daily Gold Premium – “Gold Bottoms
& How to Manage Your Portfolio into 2019”
Metals Investor Forum November 2018 – Jay Taylor, Editor, J. Taylor’s Gold, Energy & Tech Stocks
MIF November 9-10, 2018 in Vancouver: #VIDEO
Jay Taylor, Editor, J. Taylor’s Gold, Energy & Tech Stocks – “2018 – A Year of Epic Market Disruptions? Part 4.
MIF November 9-10, 2018 in Vancouver: Gwen Preston, Resource Maven – “Stocks For Today And Tomorrow”.
Metals Investor Forum November 2018 – Greg McCoach, Editor of The Mining Speculator
MIF November 9-10, 2018 in Vancouver: #VIDEO
Metals Investor Forum November 2018 – David Forest, The International Speculator
MIF November 9-10, 2018 in Vancouver: #VIDEO
David Forest, chief investment analyst for the International Speculator – “What To Buy Now In Commodities”.
Thanks Guys.
https://www.stitcher.com/podcast/the-rich-dad-radio-show/e/57107200?autoplay=true