Minimize

Welcome!

Hour 1 – US Economic Data, Resource M&A Activity, and An Update From Novo Resources

Cory
March 2, 2019

This week’s show is packed with some important comments from Peter Boockvar, Matthew Zabloski, and Quinton Hennigh. As we ended the week the US markets started a short term breakout while the precious metals started to breakdown. We focus on the big picture themes for US markets, global economies, and the metals. Also be sure to listen to the comprehensive update on Novo Resources to wrap up the first hour.

  • Segment 1 and 2 – Peter Boockvar, Chief Investment Officer at Bleakly Advisory Group shares his thoughts on the recent data out of the US, China, Europe. Plus we address the recent comments out of the Fed regarding inflation running over 2%. – Click here to visit Peter’s site, The Boock Report.
  • Segment 3 – Matthew Zabloski, Managing Director at Delbrook Capital takes a look into the resource sector. We discuss large number of resource funds shutting down and recent M&A activity.
  • Segment 4 – Quinton Hennigh joins me for a comprehensive update on Novo Resources. It’s along interview but answers a lot of your questions.

Peter Boockvar
Matthew Zabloski
Quinton Hennigh – Novo Resources
Discussion
46 Comments
    Mar 02, 2019 02:37 AM

    Cory & Big Al & KER Contributors – Thanks for another great weekend show!

      Mar 02, 2019 02:06 AM

      Watch out on ebay….Last year a person got took for $1million in fake bars…
      Packaging complicates testing
      While retail customers crave certificates and packaging such packaging is often a hindrance to testing and a way for counterfeiters to easily sell their fake gold to unsuspecting victims because it is easier to falsify certificates and packaging than the gold .

      Mar 02, 2019 02:59 AM

      Dang, I hate it when my fake gold is in a bear market! 🙂

    Mar 02, 2019 02:09 AM

    latest chart from third eye open trades gold on stockcharts.com

    https://stockcharts.com/public/3267041/chartbook/648170872

    Mar 02, 2019 02:34 AM

    Thanks for the show and having Quinton back on.

    Mar 02, 2019 02:47 AM

    Excellent questions Cory. This is a night and day interview in comparison to Jay Taylor. The latter should listen to the way you conduct the questioning with a hope of taking away a few cues.

      Mar 03, 2019 03:57 AM

      I agree that Cory has fantastic interview skills and does a great job day in and day out. He asks guest a range of both general and also more challenging questions that allow them to clarify key issues or market concerns, and he then gives them the time necessary to really answer the point.

      Sometimes we get so used to the interviews being great here, that it is important to reflect on how very well done things are at the KER. Ever Upward!

    Mar 02, 2019 02:14 AM

    Hi Spacenormal. Thanks for the chart. The stock is also currently riding down the downtrendline from the high in 2016 creating a bull flag. The stock also dipped slightly below the long term up sloping support line when the stock initially took off before the 2016 run. So we are quickly approaching an inflection point within the next month and probably sooner. If it breaks above the down sloping trend line it signals a much larger upward move with $3 just being the initial target IMHO. I added more midweek last week. Good luck with your trading.

    Mar 02, 2019 02:39 AM

    Here is a map of Austrailia from the government that shows gold deposits. Looks like a lot of gold to me.
    https://www.ga.gov.au/__data/assets/image/0004/17959/9730.jpg

      Mar 02, 2019 02:54 AM

      That is a great map! Thanks for sharing. Lots of gold still to discover in Western Australia, but how much of it can be mined economically is the big question.

    Mar 02, 2019 02:51 AM

    Happy Texas independence day to all! Down with Santa Anna! Yesterday the state house of Kentucky passed a law saying the 2nd amendment is the only permit needed to carry a gun in KY. Hooray! Karen Carpenter was born 69 years ago today.

      Mar 02, 2019 02:18 AM

      Down with Santa Anna!

      How about down with that commie fool Butto O’Dorke!

        Mar 02, 2019 02:31 AM

        They(Demwhits)….have all gone mad……..no other way to put it…….CRAZY..

          Mar 02, 2019 02:32 AM

          I think the fruits and nuts……got CFS……….

            Mar 02, 2019 02:47 AM

            I thought Mr. Big Al Korelin was going to find him.

            Mar 02, 2019 02:10 AM

            Mr. Big Al Korelin did not take on that task. Please provide the old man a reminder of what he was going to do.

            Mar 02, 2019 02:20 AM

            I can guarantee you that CFS is way to smart for that!

          Mar 02, 2019 02:21 AM

          Not mad in their minds, Jerry. They simply believe that the facts are different from what we believe.

            Mar 02, 2019 02:56 AM

            2 Timothy 4:3 King James Version (KJV)
            3 For the time will come when they will not endure sound doctrine; but after their own lusts shall they heap to themselves teachers, having itching ears;

            Mar 02, 2019 02:52 AM

            I kind of think that time is now, OOTB. What are your thoughts on this?

            Mar 02, 2019 02:33 PM

            Matthew 24:36 King James Version (KJV)
            36 But of that day and hour knoweth no man, no, not the angels of heaven, but my Father only.
            1 Thessalonians 5:1-4 King James Version (KJV)
            5 But of the times and the seasons, brethren, ye have no need that I write unto you.

            2 For yourselves know perfectly that the day of the Lord so cometh as a thief in the night.

        Mar 02, 2019 02:11 PM

        Butto lives in El Paso, over 800 miles west of me thank heavens! He wants to tear down the walls on the border so that the illegals can vote for him, the only way he’ll win a state wide election. Butto stinks!

          Mar 02, 2019 02:43 PM

          And isn’t he a carpet bagger? I believe he is from northern liberal state.

            Mar 03, 2019 03:49 AM

            Beto: If you mean he supports the Constitution rather than corporations, you are right.

            Mar 03, 2019 03:13 AM

            Keep in mind that corporations are not byproducts of free markets; they get whatever perks and power they have from the government. When the big-government-loving left pretends to rein them in, small corporations are the ones that are typically made worse off. With a little effort, you should be able to see this fact very easily. It’s not new.

            The government stands ready to crush competition for the big boys by putting up all kinds of “barriers to entry” that are sold as efforts to put those “evil corporations” in their place. What goes unnoticed by the masses is the asymmetrical burden that the government invariably places on the little guy for the benefit of the big boys.
            Did you know that the banksters who setup the Federal Reserve publicly pretended to be totally against it in the years just prior to its creation?
            Talk is cheap and it pays big dividends to this day. Reagan, Bush, Trump, Clinton and Obama, all said one thing but did another —and the sheeple love it because they rarely understand the short term consequences of a politician’s actions and the greater long term ones are completely lost on them (like Reagan spending tomorrow’s prosperity today while millions of “conservatives” cheered).

            The evidence is crystal clear that anyone who would follow the Constitution will not be allowed into the White House.

    Mar 02, 2019 02:17 AM

    You boys ever listen to the Pup? This McClellan character says this bull market is going at least until 2021, prolly 2024. Sounds like nonsense to me but if he’s right it will make Peter Who and Stockman look awfully silly. Hard to see how the giant debt based ponzi economy doesn’t blow up long before 2024.

    https://www.financialsense.com/podcast/18983/stocks-still-bullish-mode-says-tom-mcclellan

      Mar 02, 2019 02:24 AM

      And of course the Demorats and other socialist fools will bring out MMT.

      Mar 02, 2019 02:45 AM

      Ed, I have been talking and writing about the huge debt for a long time. Now that it is simply much worse than it was when I began to write about it, I think that the huge crazy bubble will continue for quite some time. You, apparently, do not.

        Mar 02, 2019 02:47 PM

        Well, I could be completely wrong. I thought the whole ponzi scheme would have collapsed long ago. I thought that in March 2009 the collapse was in its early stage and would continue for years. Instead one of the greatest bull markets in history began. However, IMO it never would have if the Fed didn’t do what it did which was all smoke and mirrors and of course fraud.

        Mar 02, 2019 02:12 PM

        And you could bet those running the gooooberment pensions like CalPERs sure hope McClellan is right.

    Mar 02, 2019 02:15 AM

    SPY collapsed 25% versus GLD and has since risen 19% to backtest the big bearish rising wedge that was activated in December.
    http://schrts.co/KNSVUhYa

    Mar 03, 2019 03:00 AM

    Great show, Cory.
    Thanks for all the efforts!
    And thank you for bringing the enteir show on to iTune 😎

    Mar 03, 2019 03:40 AM

    Jay Taylor(Feb 27th) interview with Quinton Hennigh https://youtu.be/81KoWOz6cQY . Special listen from 8 to 8:30 on interviw and a map below:
    https://www.miningreview.com.au/wp-content/uploads/2017/10/tenement-plan-1050×724.jpg

    Mar 04, 2019 04:29 AM

    GDX has still not broken its weekly chart uptrend…
    http://schrts.co/HSBjvdaE