Weekend Show – Sat 27 Jun, 2020

Hour 1 – Markets and Metals – The Relationship Between Gold Stocks and the US Markets

Full First Hour

Thank you everyone for the all the emails throughout the week on companies you are interested in. There’s clearly a lot of interest and excitement for the sector. Finally! I’m working on getting back to everyone and setting up calls with the companies. Please keep the emails coming to Fleck@kereport.com.

If you are interested in Great Bear Resources I am hosting a webinar with the President and CEO Chris Taylor on Tuesday, June 30th at 2pm PT. We will be focusing on the recent drill results and getting more details on the drill plans for the rest of the year. He will also be fielding your questions.

Click here to register for free.

On this weekend’s show I focus on the current relationship between precious metals stocks and the US markets. I have a wide range of guests sharing their thoughts on what the key drivers will be through the election.

  • Segment 1 – Trader Vic Sperandeo kicks off the show by focusing on how the Fed policies are supporting the markets.
  • Segment 2 – Mike Larson is up next to dive into the internals of the US markets. We also look at what gold and bonds are telling us actual money flows.
  • Segment 3 and 4 – I have a round table discussion with Chris Temple and Rick Ackerman. We touch on everything from the US election’s impact on the markets, gold’s test of $1,800 this week, and the inflation/deflation debate.

Exclusive Company Interviews This Week


Trade Vic Sperandeo
Mike Larson
Chris Temple and Rick Ackerman

Comments:
  1. On June 27, 2020 at 3:57 am,
    bonzo says:

    Nice to hear that Trader Vic likes gold and silver so much, but he says we should have no more than 20% of our wealth in them. I have over 50% and sleep soundly.

    • On June 27, 2020 at 9:41 am,
      Nigel says:

      20% is not enough if there is another great depression or reset

  2. On June 27, 2020 at 3:59 am,
    cfs says:

    Off Topic:
    https://www.youtube.com/watch?v=XPMq93GkyWc

    But a party that is prepared to destroy a President by dirty tricks is just as likely to destroy an economy in an attempt to regain power.
    May those Democrat leaders rot in jail for eternity.

    • On June 27, 2020 at 7:12 am,
      Jamie says:

      Oh yeah because as the republicans hold the presidency and congress for most of trump’s term they have not destroyed the economy at all with $26 trillion plus in national debt. Get a clue!!!

      • On June 27, 2020 at 7:38 am,
        SilverDollar says:

        Pleased to see at least one reader on this page gets it. +111111

        • On June 27, 2020 at 9:08 am,
          Matthew says:

          One only “gets it” if one realizes that the Ds and Rs are two of a kind and serve the same masters.

          Debt growth is a necessity of the Federal Reserve’s debt-based ponzi scheme monetary system that neither party ever properly criticizes. How can Rs overlook the fact that Reagan was the first president to spend more than all previous presidents put together and took the country from #1 creditor nation to #1 debtor nation in the process? And how can the Ds overlook the fact that their own started all the major wars which were all extremely expensive (in more ways than one)? No action transfers wealth as efficiently as deficit spending and no deficit spending is as destructive to the currency/savings than that done to fund a war. And why is it that nearly the entire population can’t grasp that all debt comes at the expense of future prosperity?

          The fact that the “good guy, bad guy” routine still works like a charm on 90% of Ds and Rs shows that most people are completely unable to think, let alone think clearly.

          The “mob rule” that is democracy only works out if the mob is enlightened so it is safe to conclude that things will get much, much worse before they can get better.

          • On June 27, 2020 at 9:58 am,
            b says:

            Absolutely Mathew.

          • On June 27, 2020 at 10:04 am,
            mineralsrmoney says:

            Well stated Matthew. The sooner people realize that they have Zero representation and that policy makers only represent those whom provide the largest bribe financially, only then will the light turn on. So long as the masses continue to be allowed to be divided by whatever means (red/blue; dem/repub; lib/cons; etc…) the longer they will suffer at the hands of the state.

          • On June 27, 2020 at 10:48 am,
            Jamie says:

            True Matthew but one major difference the Ds never claim to be fiscal liberals like the hypocrites of the Rs trying to claim they are fiscal conservatives (biggest myth out there)!

          • On June 27, 2020 at 12:01 pm,
            Matthew says:

            Jamie, that difference isn’t so major if we count the ways in which the Ds are hypocrites.They are horrible.
            The bottom line is that both parties are made of collectivists and that’s what makes them so bad and so immoral. In other words, the right is no good because of how left it really is.
            The leftist D and R voters haven’t figured out that the collective is best served by respect for the individual/individual rights and the reason is simple: the collective is made of individuals that experience things individually. The collective doesn’t exist, only people do. Like “forest”, it’s an abstraction. There are individual people and there are individual trees. When politicians (tyrants in this case) ask you to give something up “for the greater good”, they are conning you. No one is made better off for giving up their rights yet that’s what’s expected and accepted all the time, and for the greater good, of course!
            The left (Ds AND Rs) simply cannot exist without violating our natural rights and have no legitimate authority to do so unless you believe that might makes right. You can’t give a right that you don’t have to another person (politician) by voting yet that is the black magic that the world lives under. It’s called democracy and now you know why every government wants you to believe that it is wonderful. It really has no more merit than the divine right of kings.

          • On June 27, 2020 at 5:55 pm,
            Glenfidish says:

            Matt your so bang on again yet so many people do not understand this simple concept. And I mean the average joe not out readers here..

            It’s just very sad and upsetting..

          • On June 27, 2020 at 7:13 pm,
            larry says:

            Once again…Matthew is on fire…..1+ and Ditto

            What will the next/new system be like…will it occur in a totalitarian world or a free one….An ecologically collapsed globe or a stable globe….A post nuclear world or a peaceful world….Top scientists think…..

            https://thebulletin.org/doomsday-clock/

            This is a pretty short wick , even Matthew would agree…..

        • On June 27, 2020 at 11:07 am,
          OOTB Jerry says:

          Ditto Matthew………

          • On June 27, 2020 at 11:09 am,
            OOTB Jerry says:

            Ditto mineralsmoney………..Just the TWO HEADED SNAKE PARTY…….really a joke, and has been……

          • On June 27, 2020 at 4:51 pm,
            blazesb says:

            Mathew, i completely agree with your post that the D and R parties are both deficit and debt crazed.

            I completely disagree that they are leftist in any way whatsoever. They are in fact on the right. I think you equate debt/deficit spending with ‘leftism’.

            Should voters ignore that the last two republican voters have literally brought the country to its knees?

          • On June 27, 2020 at 5:00 pm,
            blazesb says:

            Oops. Comment should read ‘Should voters ignore…republic presidents…’

          • On June 27, 2020 at 8:37 pm,
            Matthew says:

            Blazesb, collectivism (the left) runs on wealth redistribution and the forced sacrifice of the individual for “the greater good” and debt/deficit spending is the preferred and most pernicious and insidious way in which each of those crimes are manifested. Leftists are totalitarians; opting out of their plans is not allowed. The spirit of the traditional right was the opposite. Small government was preferred along with free markets, property rights and minding one’s own business. There’s been no shortage of leftist media referring to classical liberals (essentially libertarians and anarcho-capitalists) as extreme right wingers in recent years and that is accurate in the sense that they are the opposite of the sinister left but dead wrong if their definition of the right is the same as yours. Today’s right is obviously not concerned with individual rights/responsibility or free markets and as long as the central bank (5th plank of Marx’s communist manifesto) exists, there can be no free (fair) market or level playing field in any part of society. The long promoted myth that fascists are on the right is just propaganda to keep the masses from figuring out the real problem: collectivism. All totalitarians are leftists/collectivists because all leftist/collectivists are, in principle, totalitarian. So the sheep get to choose between two collectivist candidates and the REAL threat to everyone never gets mentioned, let alone discussed.

            to distill the point, theft and force backed by the threat of violence IS the left and the libertarian party exists because the right was taken over by powerful international leftists a long time ago.

            If you want to know what someone really believes, watch what they do and ignore what they say. Political rhetoric still works extremely well because the masses do not enjoy thinking.

          • On June 27, 2020 at 9:06 pm,
            Matthew says:

            Three New Deals: Why the Nazis and Fascists Loved FDR
            https://mises.org/library/three-new-deals-why-nazis-and-fascists-loved-fdr

          • On June 27, 2020 at 9:08 pm,
            Matthew says:

            13 Illustrations of the Benevolence of Capitalism
            https://mises.org/library/13-illustrations-benevolence-capitalism

          • On June 28, 2020 at 6:31 am,
            OOTB Jerry says:

            So we find ourselves today……..from the article….
            the New Deal had put itself into the position of needing a state of permanent crisis or, indeed, permanent war to justify its social interventions. “It is born in crisis, lives on crises, and cannot survive the era of crisis…. Hitler’s story is the same.”

          • On June 28, 2020 at 4:56 pm,
            blazesb says:

            Mathew, debt knows neither the party or ideology of those who created it. By claiming that it has origins in the left ignores facts which you took the trouble of articulating by citing the dubious accomplishments of Ronald Reagan.

            I recognize the values of the ‘spirit of the traditional right’ which you cite but am compelled to point out those values are not the property of that right. Moreover the right has no monopoly on ‘free markets, property rights and minding one’s own business’.

            As for facism sadly throughout history it has found homes on both ends of the political spectrum.

            Mathew you are an incredible capable critical analyst and generously share that with us here. But if you’re going to see reds under the bed every time the implications of the debts and deficits created bipartisanly you are selling yourself short.

          • On June 28, 2020 at 6:26 pm,
            Matthew says:

            Blazesb, Reagan voted for FDR four times and then spent like FDR when he got his chance.
            What makes debt and deficit spending the domain of the left is the fact that debt and deficits are made possible by the principles that the left adheres to. Our fiat currency and Keynesian economic system both make “right wing” free markets impossible and are tools of arbitrary wealth redistribution (theft; rule of man, not rule of law) made possible by the centralized control (in fact, ownership) of the monetary system (Marx’s 5th plank of communist manifesto). This theft/force “for the greater good” absolutely ignores the rights of the individual and is in fact slavery. Sorry, but this IS the left throughout history.

            Before the right’s politicians were taken over by the massively powerful international leftists, their focus was much more in line with the wishes of voters on the right and that meant that individual rights were held above those of the collective. Why do you think the left calls supporters of the constitution right wing? The old right was also for a decentralized small government and free markets. Just like the left, today’s right doesn’t care even a tiny bit about those things which is why they don’t exist. Our Marxist (leftist!) Federal Reserve has no competition at all and can transfer arbitrarily any amount of wealth that it wants by creating fake money out of nothing. This is a huge “tax without representation” and obviously completely immoral no matter the reason. Again, this is the “rule of man” at work and not the rule of law that a free/fair market requires.

            Capitalism and the real “right” is about cooperation and self-direction while the left has always been about coercion and subjugation. Why do you think this leftist fraud was called “socialism” in the first place? Ditch the deceptive Orwellian inversion of meaning and we’d be calling it anti-socialism because it is the worst menace the world faces. Don’t forget that the left runs on antisocial behaviors that would land you in jail or worse if you practiced them yourself. Most leftists would never personally steal, murder or attempt to control their neighbors but all of them are fine with electing someone to do those things on their behalf. If that’s not the result of fraud or even black magic, I don’t know what is.

            Regarding your earlier comment about R presidents bringing the U.S. to its knees, you do not understand economics, economic cycles or our monetary system if you believe that. The fact is, each and every administration since Coolidge has presided over equally destructive policies and all presidents are nothing but marionettes controlled by the real decision-makers.

            Again, the government’s plundering of society arbitrarily through massive debt/deficits is itself a leftist act made possible by the distinctly left tool we call a central bank. The fact that Republican presidents are fine with it proves that they are leftists in this most important regard and NOT that their behavior is consistent with the traditional values of the right or even their own rhetoric.

            Communists are hiding in plain site, hidden only by the prevailing ignorance of our time.

          • On June 28, 2020 at 9:26 pm,
            Excelsior says:

            Great comments Matthew. It is sad to few average citizens understand the incidiousness of collectivism.

          • On June 28, 2020 at 9:28 pm,
            Excelsior says:

            to = too. Too few..

          • On June 28, 2020 at 10:13 pm,
            Matthew says:

            Since I mentioned it twice and most people have a child-like aversion to such talk, my definition of black magic is essentially that of Eliphas Levi…
            “To deceive the people for the purpose of exploiting them, to enslave them and delay their progress or prevent it, if possible. Such is the crime of black magic.”

      • On June 27, 2020 at 12:30 pm,
        Roger says:

        Right-on, Jamie: ” ‘One-term” Don, the Marmalade Con”

    • On June 27, 2020 at 7:39 am,
      Charles says:

      Thanks for the shoe KER! Nice slate of guests. Discussion with Chris and Rick was great. I couldn’t believe I heard Rick now seeing the possibility of a hyperinflationary scenario eventually.

      • On June 28, 2020 at 9:31 pm,
        Excelsior says:

        Yes agreed… and in addition to the KER shoe, thanks also for the KER weekend show. 🤑🤪🤩

        • On June 29, 2020 at 2:37 pm,
          Charles says:

          Oops. I don’t know where that shoe came from!

  3. On June 27, 2020 at 7:09 am,
    Jamie says:

    The Fat Orange One AKA trump will lose this election because he deserves to lose not because of some lame B.S story about mail in ballots!

    • On June 27, 2020 at 9:53 am,
      cfs says:

      Jamie, can’t you read? This is NOT the politics section.

      Meanwhile interesting silver interview …. Mexico:
      https://www.youtube.com/watch?v=yQJHGBp8R1c

      • On June 27, 2020 at 10:46 am,
        Jamie says:

        Well cfs the interviewee made it about politics when he tried to pass on that B.S about mail in ballots, he’s just trying to make excuses ahead of trump getting his ass kicked!

    • On June 27, 2020 at 4:24 pm,
      paul says:

      What makes you think we will even have an election?

  4. On June 27, 2020 at 9:49 am,
    b says:

    Excellent show today, thx Cory

  5. On June 27, 2020 at 11:10 am,
    cfs says:
  6. On June 27, 2020 at 11:11 am,
    cfs says:
  7. On June 27, 2020 at 11:12 am,
    cfs says:
  8. On June 27, 2020 at 11:14 am,
    cfs says:
  9. On June 27, 2020 at 11:16 am,
    cfs says:
  10. On June 27, 2020 at 11:18 am,
    cfs says:
  11. On June 27, 2020 at 11:21 am,
    cfs says:
  12. On June 27, 2020 at 11:29 am,
    cfs says:

    Gwen Preston talks to Darin Labrenz of Pure Gold Mining Inc. at the June 18, 2020 Virtual Forum.

    https://www.youtube.com/watch?v=FBUvRaPlD-I

  13. On June 27, 2020 at 11:32 am,
    cfs says:
  14. On June 27, 2020 at 11:35 am,
    cfs says:

    Success through exploration” Jay Taylor talks to Ingrid Hibbard, CEO of Pelangio Exploration Inc.

    https://www.youtube.com/watch?v=OYk3ow-_vYI

  15. On June 27, 2020 at 11:37 am,
    cfs says:

    Taylor interviews Hannan Metals

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

  16. On June 27, 2020 at 11:39 am,
    cfs says:

    Eric Coffin talks to Vox Royalty

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

  17. On June 27, 2020 at 11:41 am,
    cfs says:
  18. On June 27, 2020 at 12:35 pm,
    cfs says:
  19. On June 27, 2020 at 12:37 pm,
    cfs says:
  20. On June 27, 2020 at 12:47 pm,
    cfs says:

    If you were to take a look at the wealthiest citizens in the world in the 1980’s, you would have seen the tax havens like Monaco, Switzerland and Luxemberg, at the top of the list, you would have seen economic powers like the united states and Germany at around 13-14th richest. And all the way down at number 28, past countries like Greenland, New Caledonia, and Andorra, would be the country of Ireland.
    But today, That list looks a little bit different. As Ireland now has the 4th largest GDP per capita in the world, and of countries with over 3 million people, Ireland is the 2nd behind only Singapore.

    But it wasn’t always like this, you see, Ireland just 100 years ago was considered by many to be a third world country.
    In the 1920’s, greater than 90% of Irelands economy came from agriculture, and most of its working population was composed of poor farmers. And after Ireland gained its independence in 1922, it only had one trading partner, which was the U.K, and virtually all of Irelands exports were Beef and Dairy.
    Now at this point, Ireland was falling behind the rest of the world in regards to its economy and technology. So it decided to try a new economic policy.
    The Irish saw that during the great depression, the countries that were being hit the hardest were the ones with a free market. Meanwhile, countries under communism such as China, and the Soviet Union were actually experiencing economic and industrial growth during this time.

    So…the statesman Eamon de Valera decided to take some of the ideas from the communist regimes. Ireland soon nationalized and monopolized a large portion of its economy, it banned most foreign investment, and put high tariffs on all goods from other countries.
    These policies were supposed to make the country self sufficient, and help rapidly industrialize the nation. But that is not what happened.
    You see, the first thing that happened after these economic policies were put in place was that the Irish began leaving the country at faster rates than they were before. In fact between 1840 and 1950, the population of Ireland went from 8 Million all the way down to 4 Million. Although the potato famine of 1845 played a role in that as well.
    The second thing that happened was that the Irish policy makers ran into a problem. You see, in order for a country to become industrialized, they need all of the resources required to build things like factories, ports, and modern buildings. And for large countries with tons of resources like Russia and China, that was not much of a problem.
    But for a country like Ireland which is 0.49% the size of Russia and 0.88% the size of China, this would prove to be troublesome for the small European nation. And even if Ireland were to be abundant in all required resources, it would have been very difficult to build an industry around each one of those resources because Ireland’s population small…and less than that of some cities like New York and London.

    One interesting note is that because the Irish took some of the ideology from the west and some of the ideology from the east, it actually was one of the very few countries that stayed neutral during world war 2.

    Anyways, over the next several decades, the nationalistic economic policies would prove to be disastrous for the Irish economy, as there was very little economic or industrial growth during that time compared to the rest of the European world.
    So…as virtually all communist countries have done…they decided to change their economic policy.
    In 1957, Ireland began accepting foreign investment, they slowly began opening up more to international trade, they started investing heavily into education, and they began selling off many of their state owned companies.
    in 1973, Ireland joined what would become the European Union, and this was viewed as the beginning of Ireland becoming a modern economy.
    However, things took a little bit of a turn.
    You see, a combination of an oil crisis, uncontrolled government spending, Bank strikes, and extremely high taxes, upwards of 50% for the average person, led to one of Irelands worse economic downfalls in its history.

    https://www.youtube.com/watch?v=c5vsnX1UD1w

    (Except the real reason Ireland’s economy took off was money poured in from the EU.)

    • On June 28, 2020 at 10:48 am,
      Wolfster says:

      The tax incentives etc also meant companies like Apple set up shop in Ireland. I believe many wealthy British also started calling Ireland home due to taxes or lack there of vs in Britain.

  21. On June 27, 2020 at 5:34 pm,
    cfs says:
  22. On June 27, 2020 at 5:39 pm,
    cfs says:
  23. On June 28, 2020 at 5:17 am,
    Wolfster says:
    • On June 29, 2020 at 10:55 pm,
      Excelsior says:

      +1

  24. On June 28, 2020 at 12:48 pm,
    Matthew says:

    You Novo holders have good reason to be optimistic.
    Breakout:
    https://stockcharts.com/h-sc/ui?s=NVO.V&p=W&yr=3&mn=3&dy=0&id=p35530550300&a=754272588

  25. On June 28, 2020 at 8:26 pm,
    Buzz says:

    Taylor Dart espouses to take some profits on Freegold Ventures. That thing has moved up so fast I’ve barely got half a position & would welcome a pullback. Sprott is totally keen on this one, so my response becomes, what pull back??

    • On June 28, 2020 at 8:29 pm,
      bonzo says:

      Taylor Dart also said to sell Novo on April 13. Boy was he wrong!

      • On June 29, 2020 at 7:06 am,
        Glenfidish says:

        Charles the bulls are in control and the action is very bullish. Any drawdown is coming from higher levels. I’ve explained this to chartser. I’m quite confident that by 2-4 o’clock closing period we “should” be break img through and getting to $1800 for a monthly close tomorrow between $1800-$1823..

        I would urge anyone not experienced as Matt and ex in day trading to avoid buying in now. However to each there own.

        Down the road you will get a buying opportunity imo. But down the road.

        Ps my call for a monthly no higher than $1823 so far is looking nice. Steady as she goes and slowly as she goes is best.

        • On June 29, 2020 at 4:09 pm,
          Canuckski says:

          Thanks for the advice Glenfidish. I appreciate you thinking about us little guys because I know I could use all the help I can get regarding the mining stocks.
          I’m still holding long term on a few that I probably should have sold a while back.

          • On June 29, 2020 at 6:17 pm,
            Glenfidish says:

            Canuckski,

            Thanks for your very kind words! As you can see one thing in here that is very unlikely to happen is anyone giving out numbers and dates. It simply is unattainable and achievable 100% of the time. Basically what I’m saying is there is not one person in this world that can time the market consistently and accurately 100% of the time.

            But i remain firm we will go up and that $1800 stubborn son of a gun will go down in defeat and open up the doors to ally of money..

            Whatever you ought long ago I can say that they will go back up and eventually pass your purchase price. But one thing is for certain, and that is patience. Don’t get buckled. Matt knows i have held stocks were I got burned but refused to hand it over and after a long time they came back to life. Don’t be shaken.

            We shall go higher in the intermediate term.

  26. On June 29, 2020 at 9:18 am,
    OOTB Jerry says:

    Price going up…….83 tons of Fake ……..I bet it came from CRIMEX…..
    https://www.zerohedge.com/markets/83-tons-fake-gold-bars-gold-market-rocked-massive-china-counterfeiting-scandal

    • On June 29, 2020 at 9:20 am,
      OOTB Jerry says:

      This confirms my comment on the chinese business practices……fake bars made in china….

  27. On June 29, 2020 at 9:28 am,
    cfs says: