Weekend Show – Sat 2 Feb, 2019

Hour 1 – Focused On The Precious Metals and An Update From Novo Resources

KE Report Weekend Show – Hour 1

This weekend you are getting a full two hours of metals and markets! In this first hour I bring on Rick Rule, Quinton Hennigh, and new guest who just started a valuable blog for metal stock investors.

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

For all political comments please make those in the politics post for the weekend entitled “Political Comment Section”. Click here to visit that page.

  • Segment 1 and 2: Rick Rule kicks off the show by focusing on the overall gold markets then driving down to where he see opportunities in the stocks.
  • Segment 3: A new guest Luis Garcia, Founder of the blog High Grade by EconomicAlpha (his Twitter handle is @EconomicAlpha) joins me to share his investing strategy for metals stocks.
  • Segment 4: An extended interview with Quinton Hennigh regarding the recent news out of Novo Resources.

Rick Rule
Luis Garcia
Novo Update – Quinton Hennigh
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Comments:
  1. On February 2, 2019 at 3:37 am,
    Skeeta says:

    Thanks for the weekend show guys as always.
    much appreciated.
    cheers

    • On February 2, 2019 at 6:31 am,
      Excelsior says:

      Agreed. Thanks for all you do Cory & Big Al & KER Contributors.

      ________________________________________________________________

      Cory Fleck, Korelin Economics – A Global Shift In Market Trends Is Just Getting Started

      Cambridge House International – January 2019 #VIDEO

      https://www.youtube.com/watch?v=qz2-guxnru8

      • On February 2, 2019 at 6:47 am,
        Excelsior says:

        P.S. – It was great to hear @EconomicAlpha on the KER this weekend. Good stuff!

        • On February 2, 2019 at 6:49 am,
          Excelsior says:

          Atlantic Gold Corp – Phasing In on What Could be Ahead

          EconomicAlpha – January 27, 2019

          https://economicalpha.blog/2019/01/27/atlantic-gold-corp-phasing-in-on-what-could-be-ahead/

          • On February 2, 2019 at 6:50 am,
            Excelsior says:

            >> Proper #Gold Stock Analysis Does Not Begin with Focusing on the Gold Price

            MiningStockEducation – Dec 20, 2018 – @EconomicAlpha Interview

            0:05 Introduction
            2:27 Luis’ background and how he began mining stock investing
            4:22 Some of the most difficult things Luis had to overcome as a newer mining investor
            7:25 How Luis managed his portfolio through the recent bear market in mining equities
            11:13 Does Luis think we are in a confirmed gold bull market?
            12:31 What a mining stock trade looks like for Luis
            13:56 Breakdown of Luis’ portfolio by mining investment type
            15:38 How Luis approaches gold stock investing
            22:13 Luis discusses some of his biggest winners & his exit strategy
            25:21 What stocks Luis looks to in order to gauge the direction of the sector
            29:17 The role of technical analysis in Luis’ investing approach

            https://www.youtube.com/watch?v=wspncV1TSzc&feature=youtu.be&a=

        • On February 2, 2019 at 7:04 am,
          jb says:

          Indeed – I already follow @EconomicAlpha on twitter

  2. On February 2, 2019 at 6:14 am,
    jb says:

    Thanks Fellas. A short video of Carter Worth notiing an invers HS, trend break an possible cup and handle on gold here:

    https://www.cnbc.com/video/2019/02/01/technician-who-called-the-gold-rally-now-sees-this-for-the-metal.html

  3. On February 2, 2019 at 6:32 am,
    Excelsior says:

    2019 Investment Strategies – All Star Newsletter Writer Roundup

    Cambridge House International – January 2019 #VIDEO

    “Reflecting on 2018, renown Newsletter Writers Nick Hodge (Outsider Club), Peter Spina (GoldSeek.com, SilverSeek.com), Brent Cook (Exploration Insights) and David Morgan (The Morgan Report) discuss trends and sentiment for 2019. Moderated by Kitco’s Daniella Cambone”

    https://www.youtube.com/watch?v=AQxnwRuAdO8

    • On February 2, 2019 at 6:33 am,
      Excelsior says:

      Peter Spina – Global Debt Crisis 2.0 & Top Gold Stock Picks for 2019

      Cambridge House International – January 2019 #VIDEO

      https://www.youtube.com/watch?v=dOWC0_zwzgU

      • On February 2, 2019 at 6:33 am,
        Excelsior says:

        Outperforming The Market panel with Chris Parry

        Cambridge House International – January 2019 #VIDEO

        Chris Parry, editor of Equity Guru, hosts an eclectic panel consisting of: Mickey Fulp, The Mercenary Geologist, Niv Dagan of Peak Asset Management, and Max Sali of Barrian Mining to discuss strategies to outperform the Mining Market.

        https://www.youtube.com/watch?v=UVyIcc9UBf4

        • On February 2, 2019 at 6:34 am,
          Excelsior says:

          The Alligator vs. The Sniper – Marin Katusa vs Timothy Sykes

          “Marin Katusa and Timothy Sykes go head to head discussing Timothy’s success and their different approaches to investing in stocks. Watch out for the shocking moment at 30 minutes in.”

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

          • On February 2, 2019 at 1:10 pm,
            b says:

            the fellow that got angry sure missed the point.

          • On February 2, 2019 at 1:11 pm,
            b says:

            the guy on the panel is saying the same thing Bob says, “take a profit”.

          • On February 3, 2019 at 2:59 am,
            Excelsior says:

            Yeah – that was a really wild interview, and while I doubt most of the audience understood the point Timothy was making about day trading over minutes or a day, he did make the point several times about limiting losses quickly, and then taking profits when the volatility comes pushing a stock up higher.

            Granted his “flash” was the turn-off for most people with the fancy cars and such, he later made the point that he drew in investors with that, but then had 6000 hours of videos on trailing stops, asset preservation, etc… that are typically very boring and would not have attracted many traders without the flashy front end.

            I though Katusa handled the craziness well, and Sykes threw it back dissing on the stagnant nature of gold prices the last few years and how abysmal the miners have been, and I chuckled a few times when he was making this point at the metals conference.

            The guy that got up and shouted at him saying he was full of it, clearly didn’t get his message, and felt he was a fraud, but clearly that guy’s focus was longer term value creation and buy and hold investing, so the aggressive nature and short time frames didn’t connect with him. However that guy that got up for the 2nd question reigned it back in and made the case that initially he was turned off with the “hot money” trading, but after hearing out Timothy, realized he was actually doing good education on the back side covering legitimate trading concepts and gave him a nod.

            Anyway, it was a very entertaining back and forth, and was a humorous juxtaposition in their 2 trading styles.

          • On February 3, 2019 at 4:46 pm,
            Matthew says:

            As off-putting as Sykes might be, I find him much easier to take than the pompous Katusa.
            When it comes to overall wattage, Sykes has it all over mathematician Katusa and I think Katusa subconsciously knows it.

            No surprise that the promoter was clueless. This is him, btw:
            https://www.cbc.ca/news/canada/british-columbia/damien-reynolds-panama-papers-cra-1.4818326

          • On February 4, 2019 at 5:58 am,
            Ebolan says:

            A bunch of PT Barnums at those conferences…

            Hey Ex…you got a chart on unobtainium? 🙂

  4. On February 2, 2019 at 6:39 am,
    David says:

    Novo: What makes the stock move on most occasions is grade reports. I assume from the chart provided previously, there is no attempt to summarize grade by gpt. However, if each of the chart entries are treated as individual independent entries, then am I free to assume that when the 6-63 sorting is done, then the grade of those samples up to the 700+ gpt,can be averaged together for a gpt average with all other traditional extractions and head size being additiive but but are just icing on the cake.
    I assume I am wrong as talk about “what do the findings have to do with grade”, was not discussed

  5. On February 2, 2019 at 6:46 am,
    Excelsior says:

    One of B.C.’s highest-paid local government employees implicated in alleged stock scheme

    Dan Fumano – February 1, 2019

    “I don’t believe the B.C. Securities Commission has ever issued allegations against such a large number of individuals and entities,” said the regulator’s executive director

    “The order alleged participation in a multimillion-dollar scheme involving penny stocks for cryptocurrency, mining, alternative energy and cannabis companies.”

    The order said the commission is investigating over concerns Tollstam and his fellow respondents generated profits through a “scheme that involves conduct abusive to the capital markets and the illegal distribution of securities.”

    https://vancouversun.com/news/local-news/one-of-b-c-s-highest-paid-local-government-employees-implicated-in-alleged-stock-scheme

    • On February 2, 2019 at 11:31 am,
      OOTB Jerry says:

      Insider info…….not a crime in USA…………LOL

      • On February 2, 2019 at 11:33 am,
        OOTB Jerry says:

        Cllpto………in lieu of Crypo………….what a scam……

        • On February 2, 2019 at 12:16 pm,
          Excelsior says:

          Yes many of the capital raises in these momentum scams were paid to the people paying in via consultation or marketing initiatives, and was moving money around between friends and colleagues. Also the companies were not viable and all that got hurt was the retail investors that fell for their nonsense.

          I’m glad these scumbags got nailed and would like to see it happen more often in the seedy underworld of TSX-Venture shell companies playing games.

          • On February 5, 2019 at 6:46 am,
            OOTB Jerry says:

            Maybe, this guy knows where Gerold Cotton is……….

  6. On February 2, 2019 at 9:25 am,
    Excelsior says:

    2019 Uranium Forecast with UEC, Ur-Energy, Denison & Fission Uranium

    Cambridge House International – January 2019 #VIDEO

    “Get insights into the 2019 Uranium forecast by the leading CEO’s in the space: Amir Adnani (Uranium Energy Corp), Jeff Klenda (Ur-Energy), Dev Randhawa (Fission Uranium). Moderated by Marin Karusa.”

    https://www.youtube.com/watch?v=Hp3exw4JOBo

    • On February 3, 2019 at 6:48 pm,
      Dragonite says:

      Thanks. This should be the start of uranium years. U is solidly up.

  7. On February 2, 2019 at 10:08 am,
    Excelsior says:

    The Silver Slam-a-Rama: Jeff Clark

    The #1 Reason Silver & Silver Stocks Will Explode Higher

    Cambridge House International – January 2019 #VIDEO

    https://www.youtube.com/watch?v=26AIReJniwc

    • On February 2, 2019 at 10:13 am,
      Excelsior says:

      (MMG) (MMNGF) Metallic Minerals Reports High-Grade Silver, Lead, Zinc, and Copper Results from 2018 Exploration Program at the McKay Hill Project in Yukon Territory.

      January 28, 2019

      “100% owned McKay Hill Project, located 50 kilometers north of the historic Keno Hill Silver District in the Yukon Territory, and adjacent to ATAC’s Rackla property.”

      “Although earlier stage than the Company’s Keno Silver Project to the south, Metallic see’s similar potential for a district scale high-grade silver-lead-zinc-copper system at McKay Hill based on results to date including:”

      – Total of 37 vein structures identified on the property to date, with the discovery of 18 new silver-lead-zinc-rich structures in 2018, with 61 samples ranging 1,000 to 4,326 g/t silver equivalent;

      – The outline of six kilometer-scale areas of highly elevated silver, lead, zinc, copper and gold in soils and rock sampling; and

      – Advancement of the Central Zone targets to drill-ready stage along with demonstration of the potential to host bulk-tonnage mineralization

      https://www.metallic-minerals.com/news/2019/metallic-minerals-reports-high-grade-silver-lead-zinc-and-copper-results-from-2018-exploration-program-at-the-mckay-hill/

      • On February 2, 2019 at 10:24 am,
        Excelsior says:

        Two Producing Mines, Two Countries – (ASM) Avino Silver & Gold Mines Ltd.

        Cambridge House International – January 2019 #VIDEO #CorporateOverview

        https://www.youtube.com/watch?v=5c4D_6kLNg8

        • On February 2, 2019 at 10:29 am,
          Excelsior says:

          (DV) (DOOLF) Dolly Varden Silver Corp. – Ben Whiting

          Cambridge House International – January 2019 #VIDEO #CorporateOverview

          “Dolly Varden Silver Corporation is a mineral #exploration company focused on the Dolly Varden silver properties located in northwestern #BritishColumbia”

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

          • On February 3, 2019 at 3:26 am,
            Excelsior says:

            (EXN) (EXLLF) Excellon Resources Inc. Announces 2018 Production Results

            January 15, 2019

            > 2018 Production (compared to 2017)

            – Silver equivalent (“AgEq”) production increased 27% to 1.9 million oz
            (2017– 1.5 million AgEq oz)
            – Silver production increased 28% to 917,714 oz (2017 – 718,460 oz)
            – Lead production increased 31% to 5.5 million lb (2017 – 4.2 million lb)
            – Zinc production increased 30% to 7.9 million lb (2017 – 6.1 million lb)

            > Q4 2018 Production (compared to Q4 2017)

            – AgEq production increased 7% to 509,043 oz (Q4 2017 – 475,007 AgEq oz)
            – Silver production increased 23% to 274,324 oz (Q4 2017 – 223,349 oz)
            – Lead production increased 25% to 1.5 million lb (Q4 2017 – 1.2 million lb)
            – Zinc production decreased 5% to 1.8 million lb (Q4 2017 – 1.9 million lb)

            http://www.excellonresources.com/news/details/index.php?content_id=204

          • On February 3, 2019 at 3:31 am,
            Excelsior says:

            (EXN) (EXLLF) Drills 3,574 G/T Silver Equivalent Over 4.9 Metres at Platosa

            January 10, 2019

            – 2,802 g/t Ag, 12.1% Pb, 5.4% Zn or 3,574 g/t silver equivalent over 4.9 metres in EX18UG438, including 4,789 g/t Ag, 20.4% Pb and 9.0% Zn or 6,087 g/t AgEq over 2.8 metres; and

            – 704 g/t Ag, 5.8% Pb, 10.1% Zn and 0.1 g/t Au or 1,450 g/t AgEq over 6.6 metres in EX18UG437, including 1,669 g/t Ag, 13.2%Pb, 24.4% Zn and 0.1 g/t Au or 3,434 g/t AgEq over 2.7 metres.

            http://www.excellonresources.com/news/details/index.php?content_id=203

          • On February 3, 2019 at 3:33 am,
            Excelsior says:

            (EXN) (EXLLF) Expands Platosa High-grade Footprint Intersecting 2,356 G/T AgEq over Five Metres from Surface

            January 24, 2019

            – 968 g/t Ag, 9.4% Pb, 20.1% Zn and 0.28 g/t Au or 2,356 g/t silver equivalent over 5.0 metres in EX18LP1151;

            – 1,127 g/t Ag, 8.41% Pb and 10.46% Zn or 1,996 g/t AgEq over 4.8 metres in EX18LP1155.

            http://www.excellonresources.com/news/details/index.php?content_id=205

  8. On February 3, 2019 at 3:20 am,
    Excelsior says:

    The conditions are ripe for a spike in the price of this metal – here’s how to invest

    By: Dominic Frisby – 23/01/2019

    “Why Zinc specifically? Because there is a potential shortfall in supply which could lead to a spike in the price.”

    According to the International Lead and Zinc Study Group (ILZSG) “the global market for refined zinc metal was in deficit by 326,000 tonnes over the first 11 months of 2018, with total reported inventories decreasing by 161,000 tonnes over the same period”.

    “At around 120,000 tonnes, London Metals Exchange stocks are at levels not seen since late 2007. The less stock there is, the less supply. The last time it was this low, zinc’s spike to $2/lb quickly followed.”

    “My other zinc junior is Tinka Resources (TSX: TK), which appears to have made a major discovery in Peru. It’s currently at C$0.34, which gives it a market cap of C$90m. This was an C$0.80 stock last year and could easily be so again, if zinc gets up off the floor and the good drill results keep coming. There is a high expectation that this will eventually get bought out.”

    https://moneyweek.com/500988/zinc-price-to-rise-here-is-how-to-invest/

    • On February 3, 2019 at 7:04 am,
      Wolfster says:

      Thanks for that Ex. Still have some Tinka and maybe will dollar cost average down with pot profits…

      • On February 3, 2019 at 11:19 am,
        Excelsior says:

        There are a few Zinc companies that are posed to have a better year in 2019 than they did in 2018 (where they sold off on an extreme basis compared to the pullback in zinc prices for the latter half of last year).

        Tinka (TK), Vendetta (VTT, Zincx Resources (ZNX), Callinex (CNX), Foran (FOM), and even Trivali (TV)

        • On February 3, 2019 at 11:23 am,
          Excelsior says:

          In addition, many of the Silver producers with strong Zinc/Lead credits like (USAS) Americas Silver, (SVM) Silvercorp, and (EXN) Excellon stand to benefit from the potential move higher in Zinc prices as 2019 unfolds.

          • On February 3, 2019 at 11:28 am,
            Wolfster says:

            Thanks again Ex……is the other pick,Solitario Zinc ,not on your list???

          • On February 3, 2019 at 5:21 pm,
            Excelsior says:

            Yes, it’s a solid company as well, and Solitario Zinc scooped up Zazu Metals near the Red Dog mine that Teck operates in Alaska which was more significant than they were given credit for. There may be some life in Osisko Metals for Zinc as well on their Pine Point project. I really like Fireweed Zinc, GPM Metals, GTA Resources, Hannan Metals, Heatherdale Resources, Heron Resources, Adriatic Metals, Blue Moon Zinc, Pasinex Resources, New Century Resources, Rathdowney Resources, Red River Resources, Salazar Resources, Silver Bull Resources, Sphinx Resources, Peel Mining, Thuderstruck Resources, and Stratabound Minerals as well.

          • On February 4, 2019 at 7:09 am,
            Wolfster says:

            Such a short list. Lol. Thanks Ex

          • On February 4, 2019 at 7:57 pm,
            Excelsior says:

            scratch GTA resources. I hadn’t checked in on them in a while and it looks like they are delisting from the TSX-V and going to chase another sector. I liked their assets, but they didn’t have the funds to properly explore them, and the base metals cooling off last year didn’t help their cause. Another one bites the dust……

  9. On February 3, 2019 at 8:06 am,
    Wolfster says:

    BTW I’m still expecting a big first half of the year for pots but wonder if a bubble territory is being created when you see things like c.yolo popping 135% in one day cuz they won the exchanges lottery for the stock symbol POT…

    • On February 3, 2019 at 11:21 am,
      Excelsior says:

      Yeah, I noticed that huge spike in YOLO on Friday as it got a lot of chatter over at ceo.ca. There are still a few of those pot stocks that get rather peppy and since many pulled back, a few of the quality companies (growers, beverage, sprays & balms, or CBD only companies) may still get some follow up interest pushing them back up in 2019.

  10. On February 3, 2019 at 2:59 pm,
    Markedtofuture says:

    Bitcoin.Black Update 2-3-19

    Feb 1st did not go quite as expected.
    Airdrop had to be paused.

    What’s encouraging
    Wallet generation is live.
    Airdrop was live for just under 2 hours, within this time there was 2000+ airdrop submissions (was stopped because there was a commission tracking issue which is being worked on).
    Airdrop form and website easily handled the simultaneous traffic to the airdrop and wallet generation.
    Alexa rank is at around 132,000.
    The day before airdrop went live 1000 additional members joined.
    We should break 70,000 members by the end of today.
    What is to come
    Airdrop to resume.
    Wallets to come in stages, Windows desktop first followed by other platforms including mobile.
    48,000 more airdrops to come on beta net and transactions taking place.
    Switching over to main net.
    Code base becomes public.
    Distribution of pre-sale coins.
    Begin to assign small amounts of the BCB development fund coins to encourage more developers to come on board.
    1,000,000 user airdrop to become live.
    Updated whitepaper which explains much more details.
    Lead developer to become active with the community and taking Q&A’s.
    We will be seeking 5 pre-sale members to help with support and general organisation tasks. Initial foundations coins on offer based on performance.

    We will continue to run into small obstacles and more hurdles will come along the way, but we will do everything possible to resolve them and continue improving and adapting to become a leader in the crypto space.

    Bitcoin Black 3600 Free coin sign up to first 1 million people… scroll to bottom of page. https://bitcoin.black/?a_aid=5b7f2d29ef46a

    • On February 4, 2019 at 7:21 am,
      OOTB Jerry says:

      Could be another scam……….how do you know it isn’t…….not touching bitcoin with a 10 ft. pole……….rather have phyz……..jmo

      • On February 4, 2019 at 7:23 am,
        OOTB Jerry says:

        But, heck…….silver is manipulated…so, I guess you can take your pick….. LOL

  11. On February 3, 2019 at 10:55 pm,
    Matthew says:

    The miners look like they just might go even higher before taking a break…
    http://schrts.co/hAZbBKKc

  12. On February 3, 2019 at 11:05 pm,
    Matthew says:

    Silver might need a day or two of going nowhere…
    http://schrts.co/YsenteUH

  13. On February 3, 2019 at 11:18 pm,
    Matthew says:
    • On February 3, 2019 at 11:19 pm,
      Matthew says:

      AG looks like it could reach 6.50 before pausing.

    • On February 3, 2019 at 11:20 pm,
      Matthew says:

      *I do not own it.

  14. On February 4, 2019 at 12:14 am,
    Matthew says:

    The monthly gold chart looks fantastic. When it moves, the rest of the sector will go with it.
    http://schrts.co/GuHmUNEr

  15. On February 4, 2019 at 7:11 am,
    Wolfster says:

    Great timing gentlemen. Atlantic Gold gets referenced this weekend and today one of our fav royalty plays Metalla announces royalty deal with Atlantic Gold