Weekend Show – Sat 16 Jan, 2021

Market and Commodity Comments from a Fund Manager and Currency Analyst

On this weekend’s show I focus on a wide range of commodities and the general pullback at the end of the week. I feature a resource Fund Manager for some insights the metals stocks and a currency analyst to outline keys events to watch next week.

Thank you for taking time this weekend to listen to the show. Please keep the emails coming to Fleck@kereport.com.

  • Segment 1 and 2 – Matt Geiger, Managing Partner at MGJ Capital joins me to share the commodity sectors he is positioning his fund in currently. I have Matt share some of the stocks he likes and what he looks for when analyzing different companies.
  • Segment 3 – Marc Chandler, Managing Partner at Bannockburn Global ForEx helps us step back from just commodities to outline the key political and central bank meetings on tap for next week. We forecast how markets, currencies and yields will be impacted.
  • Segment 4 – Mike Konnert, President and CEO of Vizsla Resources (TSX.V:VZLA – OTCQB:VIZSF) wraps up the show by providing an update on the recent high grade silver results from the Tajitos Vein Zone on the Panuco Project. I also have Mike outline the ongoing drill strategy and additional catalysts that could help the stock breakout.

Exclusive Company Interviews This Week


Matt Geiger
Marc Chandler
Mike Konnert – Vizsla Resources

Comments:
  1. On January 16, 2021 at 3:34 am,
    Thomas says:

    Cory, thanks for the interviews

    Agree with Matt Geiger, that copper is one of the best places

    Interesting that he mentioned Nova Royalty as one of his best investments. Identified It some days ago as battery metals play.

    • On January 16, 2021 at 5:15 am,
      Charles says:

      Agreed Thomas. I just picked up Nova Royalty last week and it looks like it is starting another leg up. I also am interested in the prospect generator that Matt Mentioned. I didn’t catch the name did you?

      • On January 16, 2021 at 5:36 am,
        Wolfster says:

        Kenorland minerals

        • On January 16, 2021 at 5:56 am,
          Charles says:

          Thanks Wolfster!

      • On January 16, 2021 at 8:54 am,
        Thomas says:

        Scandium International SCY was another play he mentioned

        https://www.scandiummining.com

        • On January 16, 2021 at 5:03 pm,
          Charles says:

          Yes. I owned that one but recently liquidated that position as I thought had run to far to fast and wanted to get in some other names one of which was Nova Royalty.

    • On January 16, 2021 at 10:28 am,
      Excelsior says:

      Great weekend show, and it is always nice to get an update from Matt Geiger, as he is a sharp resource investor, and I generally agree with his outlook in the Precious Metals, Base Metals / Batter Metals, and also in the coming bull market for Uranium stocks (which we have already seen some really nice movement in the last few months).

      It was also nice to get Marc’s overview, and the (VZLA) Vizsla Resources update from Mike Konnert. I’m a happy Vizsla shareholder, and if they keep hitting high grade silver hits like they have on their exploration, then I see them moving on that mill option they have in a few years to fast-track their deposit into production.

      Ever Upward!

      • On January 16, 2021 at 10:39 am,
        Excelsior says:

        Matt Geiger’s comments on feeling over-exposed to the Precious Metals last Summer, and deciding to balance & diversify his portfolio to more Base Metals and Energy Metals to more 50:50.

        His focus on increasing Copper & Uranium and a little Nickel last summer made sense. My trading portfolio is weighted about 70% Gold & Silver and 30% in (Copper, Nickel, Zinc, Platinum/Palladium, Lithium, Uranium).

        Overall my Platinum/Palladium, Lithium, and Uranium stocks have actually been more interesting over the last half year, than the Precious Metals plays, as a general overview. There were a few exceptions in each sector though of course.

        • On January 16, 2021 at 11:16 am,
          Excelsior says:

          Lastly, I really enjoyed hearing Matt discuss the value of the Royalty company business model. As he mentioned the base metals royalty companies — Nova Royalty (Copper/Nickel) has been on a tear, but it really is getting to a lofty valuation now, and as he discussed, there may be better value elsewhere in the near to medium term (he mentioned Altius & EMX, and there is also Anglo Pacific and Trident Royalties that are pursuing a mixed portfolio of commodity royalties).

          There are a number other Precious Metals royalty companies that have already made big moves (like Metalla, Franco/Nevada, Abitibi/Golden Valley, EMX, Osisko Gold), some that have moved back down from their highs substantially and represent better value (like Sandstorm, Royal Gold, Nomad, Ely Gold, Sailfish, Elemental, and Orogen) and some that are more middle of the road in their valuations like (Maverix, Osisko Gold, and Riverside).

          Over the last half year, I bumped up my royalty holdings and cash positions as more of a defensive strategy, since the PMs were under pressure since last August. Having discussed that many times on here, I’m gradually starting to unwind some of the royalties exposure (selling both Metalla last week and Vox this weekand reducing down my position size in Nomad and Maverix). I did put some of those funds back into royalty companies boosting up both Sandstorm and Ely Gold that have pulled back more than their peers over the last few months. However, some of the funds raised from selling/trimming back royalties are going into more higher risk/higher return setups in the individual miners for the eventual next leg higher.

          • On January 16, 2021 at 11:32 am,
            Excelsior says:

            Here is a performance chart of a dozen royalty companies that have been trading long enough to have data since coming out of the sector low for all asset classes in March.

            (Tip: one can hover their mouse over each of the individual line graphs, to highlight one particular companies trajectory, and it is easier on the eyes).

            FNV.TO – Franco Nevada
            RGLD – Royal Gold
            WPM.TO – Wheaton Precious Metals
            OR.TO – Osisko Gold Royalties
            SSL.TO – Sandstorm Gold
            MTA.V – Metalla Royalty
            MMX.TO – Maverix Metals
            EMX.V – EMX Royalty
            RZZ.V – Abitibi Royalties
            GZZ.V – Golden Valley Mines
            ELY.V – Ely Gold Royalties
            FISH.V – Sailfish Royalties

            https://stockcharts.com/freecharts/perf.php?FNV.TO,RGLD,WPM.TO,OR.TO,SSL.TO,MTA.V,MMX.TO,EMX.V,RZZ.V,GZZ.V,ELY.V,FISH.V&n=200&O=011000

          • On January 16, 2021 at 11:43 am,
            Excelsior says:

            Here is a performance chart for some of the remaining Royalty companies not on the prior chart, that either didn’t fit on that one, or don’t have data going back far enough to the March sector low. However, one can hover their mouse over each line to isolate that companies trajectory over the last 5+ months, but ideally each one should be charted independently. This is just for a quick look, and one can see that most of these smaller to medium royalty companies may represent better value at present pricing, that some of the larger names and higher flyers on the prior list/chart.

            ELE.V – Elemental Royalties
            OGN.V – Orogen Royalties
            GMX.TO – Globex Mining
            NSR.TO – Nomad Royalty
            RRI.V – Riverside Resources
            VOX.V – Vox Royalty

            https://stockcharts.com/freecharts/perf.php?ELE.V,OGN.V,GMX.TO,NSR.TO,RRI.V,VOX.V&n=116&O=011000

          • On January 16, 2021 at 11:52 am,
            Thomas says:

            I think the next 6 months might provide good opportunities for royalty companies

            Would be interesting to do compare them by available cash positions

          • On January 16, 2021 at 12:02 pm,
            Excelsior says:

            Agreed Thomas.

            I was reviewing the Maverix Metals Corporate Presentation and this slide stood out that is comparing the Gross Cash Margin of the major Royalty companies. Quite interesting.

            https://cdn-ceo-ca.s3.amazonaws.com/1g06hfe-Royalty%20Companies%20Gross%20Cash%20Margin.JPG

          • On January 16, 2021 at 12:14 pm,
            Thomas says:

            But cash margin is not equal cash position? -:)
            Probably even better would be working capital

            I guess the big ones have the largest working capital

          • On January 16, 2021 at 12:38 pm,
            Excelsior says:

            Understood Thomas, but cash margins, show the future trajectory of growth, and the markets are forward looking. I more interested in how a company will grow, over what cash it has on the books at present, although, admittedly both are important.

            The cash position of a royatly company does allow them to buy more royalties from companies, or lend to companies in exchange for an NSR or a stream, but companies like Metalla have done well just issuing their paper for royalties, so there are many factors to consider. Another old-school metric is their Price/Earnings ratio, but we’ve see those numbers get more and more stretched in many sectors, including in royalty companies valuations, so they can get higher and higher than they would have in previous market cycles. Still, a P/E ratio is another comparative lens to compare companies with, in conjunction with the other fundamental data.

            With royalty companies it is also crucial to look at how their partners operations are doing and what the forecasted production numbers will be going into a given year, looking forward, more so than backwards as past successes. Also, it is key to look at which partner companies will go from development into production in the next year or 2 as those will not yet be reflective in revenues and cash flows, but as they get closer to production their value will grow larger in anticipation. Lot’s to consider.

          • On January 16, 2021 at 12:45 pm,
            Excelsior says:

            This slide from Ely Gold Royalties presentation compared a number of different metrics, (Cash, Debt, Enterprise Value, Shares outstanding, Market Cap, etc…) but focused more Price/Net Asset Value comparisons.

            https://cdn-ceo-ca.s3.amazonaws.com/1g06jv5-Ely%20Gold%20Royalties%20Peer%20Comparison.JPG

          • On January 16, 2021 at 12:47 pm,
            Thomas says:

            I was only looking for the next 6 months
            Equity is probably not a good currency during a pull-back
            Better you have enough cash at hand if a good opportunity arise

          • On January 16, 2021 at 12:51 pm,
            Thomas says:

            The cash and debt columns are interesting

            Franco Nevada and EMX stand out, with large cash positions and no debt

          • On January 16, 2021 at 1:12 pm,
            Excelsior says:

            Good points Thomas. Yes “Cash is King” in big wash out opportunities, and debt can be a stranglehold on companies in major contraction.

          • On January 16, 2021 at 1:15 pm,
            Excelsior says:

            Yeah, looking at the table comparison of peer companies again on that Ely Gold Royalties slide above, it highlights how much Debt that Wheaton Precious Metals, Royal Gold, and Osisko Gold Royalties have on the books.

          • On January 16, 2021 at 5:30 pm,
            Charles says:

            Good thoughts on the royalties Ex. I bought some SAnD when you mentioned last week cause I missed the first run and was surprised how far it had fallen.

          • On January 16, 2021 at 6:41 pm,
            Excelsior says:

            Hey there Charles. Yes, (SAND) Sandstorm looks like much better value at today’s prices in the high to mid $6’s than it did in July in the mid $10’s.

            What is wild is that obviously investors liked Sandstorm when (SAND) was $8, $9, $10, so now that it closed at $6.65 on Friday it’s a steal in comparison to where it was on July 27th at $10.54, and still has the exact same 200 royalties and streams in it’s portfolio of assets.

            That is what I like to see –> a company with deep value from the assets in place underpinning it, that suddenly goes on fire sale during a corrective move lower by 37%. That basket of 200 royalties and streams didn’t change, but the price dropped by over 1/3 and almost by the Fib 38.2% retracement. Looks like a deal to me.

          • On January 16, 2021 at 6:44 pm,
            Excelsior says:

            (SAND) (SSL) Sandstorm Gold – Corporate Presentation. (on clearance sale).

            https://www.sandstormgold.com/_resources/presentations/SSL-Presentation.pdf

          • On January 17, 2021 at 6:33 am,
            Charles says:

            Thanks Ex. Considering locking in some gains on Metalla Royalty and getting into a few other royalty names. Considering Ely, EMX and/or buying more Sailfish. I am loaded up on Orogen as I really like the chart pattern there and the royalties they have with First Majestic.

          • On January 17, 2021 at 2:32 pm,
            Excelsior says:

            Those are all good choices Charles and may your trading be prosperous.

            As for the Royalty companies, I sold my Metalla and Vox Royatly positions, and trimmed back my Maverix position, and recently added to my Sandstorm, Ely Gold Royalty, and Sailfish positions. I still have Elemental, Golden Valley, and Nomad, and may add to them over time. I also may buy back Vox if it pulls back a bit from the move it made recently, and have considered Orogen that you mentioned.

            I’m still eyeing the 4 base metals royalty companies for a buying opportunity as well.

      • On January 16, 2021 at 11:56 am,
        Excelsior says:

        Matt Geiger also made a good point about how extended the rallies are getting in the general markets, the cryptos, and really in many sectors, and that investors should be prepared for what they would do if there was a big crash and their account pulled back by 30%-50%.

        He mentioned going through each name in one’s portfolio and going through the thought exercise of if the stock did drop by 40%-50% would one:
        (A) Add more averaging down (B) hold (C) sell for a loss?

        While that is a hypothetical thought experiment, and one could do the same thing in reverse and ask what they’d do for each position if it ran by 40%-50%

        (A) Add to average Up (B) Hold (C) Sell for a gain.

        It’s a good time to take inventory of one’s positions inside their portfolio, and make sure the position sizing is correct.

        Also, it is a great time to analyze if one has the proper cash position size to seize future opportunities when they inevitably show up.

        Good luck to the KER crew in their investments moving into 2021!

    • On January 18, 2021 at 12:40 am,
      Excelsior says:

      Also, as it relates to (VZLA) Vizsla Resources, that was great to get the update on their Copper project spinout, and as Cory pointed out, the market wasn’t giving VZLA any value for the Blueberry Project anyway.

      Here is the presser back from last year when they picked up the project via acquisition.

      ___________________________________

      VIZSLA CLOSES THE ACQUISITION OF NORTHBASE RESOURCES AND SUMMARIZES THE BLUEBERRY PROJECT

      Jan 17, 2019

      https://www.vizslaresources.com/news/vizsla-closes-the-acquisition-of-northbase-resources-and-summarizes-the-blueberry-project

  2. On January 16, 2021 at 7:37 am,
    Dick Tracy says:

    Let me remind you of the insanity that is going on in The World’s Financial Markets, which was led and instituted by The United States of America. In the Bretton Woods agreement put in place in 1944, US dollars were convertible to gold. It was called America’s exorbitant privilege. At this time it cost only a few cents for the Bureau of Engraving and Printing to produce a $100 bill but other countries had to pony up $100 of actual goods in order to obtain one. In February 1965 French President Charles de Gaulle wanted to exchange it’s US dollar reserves for gold at the official rate. He sent The French Navy across the Atlantic to pick up the French reserve of gold. On August 15th, 1971 Richard Nixon unilaterally ended the convertibility of the dollar to gold. It was meant to be temporary but they knew that they could never bring it back because The US was already living way beyond it’s means.

    Now President elect Joe Biden wants to keystroke 1.9 trillion dollars added on to the other US debt that already exists. This is the definition of total insanity and America and the rest of The World are now seeing the result of such a misappropriation of The World’s finances. The Emperor hasn’t had any clothes for a long time and the rest of The World and the public refuses to see the inevitable until it becomes reality. CRASH! DT

    • On January 16, 2021 at 8:59 am,
      Thomas says:

      There is no other way than more money printing until a final big crash

      The difficult question is, when and how does the reset come?

      • On January 16, 2021 at 9:01 am,
        OOTB Jerry says:

        I think most have been conditioned , to keep spouting the printing of more money,…..because, that is exactly, what the FAKE FED wants to do……and everyone is playing into the scheme……

        • On January 16, 2021 at 9:37 am,
          Big Al says:

          Let’s forget about calling it The Fake Fed. I say that because as an Economist I realize that during these difficult and unique times is it absolutely the only short to mid term solution. I also am aware that in the long run the results will be devastating for America.

          • On January 16, 2021 at 10:34 am,
            OOTB Jerry says:

            ………it is a FAKE FED……not even should it exist……

          • On January 16, 2021 at 10:35 am,
            OOTB Jerry says:

            Economist……..Schooled by Who……….

          • On January 16, 2021 at 10:36 am,
            OOTB Jerry says:

            The Board of Education…… come on ……do some homework…..

          • On January 16, 2021 at 10:39 am,
            OOTB Jerry says:

            As a christian……no. 1………DEBT……..

          • On January 16, 2021 at 10:44 am,
            OOTB Jerry says:

            If, I am reading you wrong……… sorry……..

      • On January 16, 2021 at 9:39 am,
        Big Al says:

        That is exactly what I expressed in my earlier comment, Thomas. You can see that I completely agree with you.

        • On January 16, 2021 at 9:53 am,
          Thomas says:

          Al, you have to think outside the box

          Over the next 10 years we probably will see so many advancements that an economy like it is defined today will not work anymore. The complete system has to be rethought.

          • On January 16, 2021 at 10:01 am,
            b says:

            The system is being rethought THomas.

            China/Russia has been dropping the dollar for some time now as has a few other countries. Russia has more gold than dollars now.
            EU wants to shield itself from US sanctions & cut dependence on dollar – reports

            The U.S. is sanctioning itself out of significance.

          • On January 16, 2021 at 10:17 am,
            Thomas says:

            With system I didn‘t just ment the monetary system with the dollar as world‘s lead currency

            I ment the whole idea of any currency as abstract thing in exchange for any asset

            We will see several singularity events over the next decade(s) that makes this idea obsolete

          • On January 16, 2021 at 12:12 pm,
            Excelsior says:

            Thomas & b – Agreed that the whole financial system is being rethought.

            After all, the theme in Davos this year is The Great Reset.

            Get ready to have individual liberties trampled, in lieu of a more invasive Technocratic system, where they may even introduce draconian ideas like “Social Credit Scores” like China is doing, or worse, pander to certain demographics giving them some kind of adjusted scores based on social justice warrior narratives.

            It is hard to know exactly where to diversify one’s wealth & savings these days with this great reset looming. {Cash savings in Fiat? Gold & Silver? Cryptocurrencies? General Equities? Bonds? Real Estate? Stake in a small business? Art & Collectibles? Earth 2.0?}

          • On January 16, 2021 at 12:40 pm,
            Thomas says:

            I am personally hoping for a world like in Star Trek -:)
            A world without poverty and without currency in the way it is working today

          • On January 16, 2021 at 12:52 pm,
            Excelsior says:

            The closest I got to living in a “world without poverty and without currency in the way it is working today” was living in Black Rock City, NV for 2 different weeks at 2 different Burning Man festivals, where cash was worthless (as nothing was for sale), and everything ran on a gift economy. It’s an interesting idea for a week or so, and quite utopian, but most of the gifts and infrastructure that the attendees bring was ultimately bought with the evil cash prior to the event. 🙂

            _______________________________________

            The Esoteric Economics Of Feeling The Burn

            By: Pymnts – August 25, 2018

            “For Burning boosters, the week-long, back-to-nature campout built around self-reliance, gifting, creativity and leaving no negative environmental trace is a utopian vision of what a post-capitalist, egalitarian society of cheerful sharers would be like.”

            Among the event’s most famous features – enshrined in the 10 principles set forth by the founder, the late Larry Harvey – Burning Man is officially a commerce-free zone. There is no buying or selling, no stands, no marketing. There may be whiskey bars and sandwich shops at Burning Man, but everything is free – all products and services are offered by Burners as gifts. The only things that can be sold are coffee and ice.

            And though the economy is occasionally described as a barter system, long-time Burners object that this is actually inaccurate.

            Burners aren’t trading with each other. One does not offer up a grilled cheese sandwich in return for an umbrella to guard against the heat. There is no exchange – gifts are given as a sign of good will and community fellowship, not in hopes of receiving an object of commensurate value in return.

            “The term ‘gift economy’ is a little misleading,” said Andie Grace, Burning Man’s longtime director of communications. “The term ‘economy’ often implies some aspect of exchange. But there’s no accounting, no expectation of receiving anything in return.”

            And that experience has a major effect on those who consider the Black Rock desert their spiritual home.

            “Burning Man blows up the siloes of economic stratification,” longtime burner Tom Price told Quartz. “It’s a society where despite your economic means, you can participate in everything the city offers, and you can’t just buy your way out of the problem in front of you.”

            And while that is true, it does leave out the small fact that to participate in all of the “free” on offer at Burning Man, one has to pay to get there. And economic means do kind of matter there – because, as even Andie Grace acknowledged, participation is not exactly cheap.

            “Don’t get me wrong,” Grace said. “This is not a commerce-free experience — Burners buy plenty of goods to bring into Black Rock City. It’s just a commerce-free zone.”

            https://www.pymnts.com/news/retail/2018/burning-man-silicon-valley-gift-economy-festivals/#:~:text=A%20Gift%20Economy%20%E2%80%A6%20Among%20the%20event%27s%20most,no%20buying%20or%20selling%2C%20no%20stands%2C%20no%20marketing.

          • On January 16, 2021 at 1:09 pm,
            Excelsior says:

            The only other alternative economic system I’ve seen operate in a similar fashion is the Michael Tellinger “Umbuntu Liberation Movement.” He is quite a charismatic character, and successfully took on big banks in Africa, and won. The basis idea here, is similar to Burning Man’s “Gift Economy” in that it encourages towns and communities to share their gifts & services with neighboring villages in collaboration, and in return they receive gifts & services.

            Umbuntu is at least an interesting economic phenomenon and change to this kind of society would be more positive than the “Great Reset” that the technocratic globalist cabals have in store for the world.

            __________________________________________________________

            The Preamble to the Umbuntu Liberation Movement is as follows on their website:

            “The socio-economic structure of our country and our world has failed us dramatically. The freedom that our forefathers strived for is in danger of being lost forever.”

            We can no longer sit idly by, watching the destruction of our country, our towns, and human potential, by greedy corporations, supported by a government with no remorse for its actions, or accountability to the people it is supposed to serve.”

            “We can no longer sit silently, hoping that someone will do something to stop this assault on our liberties and future prosperity.”

            “It has fallen on the shoulders of the common people to unite and create a new way, a new system and a beautiful life for ourselves and our children.”

            “The Ubuntu Movement has a simple plan to turn our small towns into places of abundance and prosperity for all the people, where there are no hurdles to progress or restrictions on personal growth of the people.”

            “Communities that will support and promote unbridled creative expression in all areas of our lives – arts, culture, science, technology, healthcare, environment, architecture, agriculture, and all other areas of human activity.”

            “We are creating a new system in which we turn competition into collaboration. A new society in which we all benefit from our collective efforts and individual talents. We will no longer be the slaves that enrich the corporations and a few powerful individuals.”

            https://michaeltellinger.com/ubuntu/#:~:text=The%20Ubuntu%20Movement%20has%20a%20simple%20plan%20to,or%20restrictions%20on%20personal%20growth%20of%20the%20people.

          • On January 16, 2021 at 1:33 pm,
            Thomas says:
          • On January 16, 2021 at 1:38 pm,
            Thomas says:

            https://www.nature.com/articles/d41586-020-01993-3

            Interesting that Corona was a trigger for some new experiments. Biden already proposed to give everybody another $1400 -:)

          • On January 16, 2021 at 1:49 pm,
            BDC says:

            Steve Outtrim (HotDog) did some shows about ‘Burning Man’
            with Jan Irvin awhile back, but their association devolved.
            https://burners.me/2019/02/26/debunking-jan-irvin/

          • On January 16, 2021 at 1:50 pm,
            Excelsior says:

            I’m personally less interested in the government going further into debt to give out more money to the people, and find that insane tax proposals used to fund all this “free” stuff is only destructive to the future generations that will be more in debt than ever, and there will be a price to pay for the fiscal malfeasance and erosion of confidence in the fiat money system, and predatory banking cabals.

            I’m not a fan of the socialist impulses to let the government dole out universal basic income, money to some but not others based on arbitrary social justice criteria, or the bailing out businesses intervening in the free market (after the government has already intervened in bad policies and regulation to begin with).

            Yes this pandemic really highlighted the inadequacy of governments all over the world to truly serve their citizens, to work together, and their policies only further crushed their populace.

            What I liked about the Umbuntu Liberation Movement idea, at least philosophically, was that it had villages and towns working with other villages and towns collaboratively, sharing resources, services, and letting people contribute in the way that most helped their communities. Their point was not to rely on the government to fix anything, and that ultimately real change comes from people breaking out of the existing power system to chart their own futures. So that is apples and oranges from government stimulus checks or BUI.

          • On January 16, 2021 at 1:55 pm,
            Thomas says:

            In the UK they don‘t save a backup second dose to give more vaccinations in the first place.

          • On January 16, 2021 at 1:58 pm,
            Execelsior says:

            To simplify it, one system (Umbuntu) has communities in Africa successfully working together and sharing resources/services/talent with other and are becoming more openly prosperous, where as in the other system nation-states and bankers had gradually eroded and suppressed freedoms, creativity, expression, and prosperity, suggesting instead to tax the crap out of those still working, to give to those that don’t, and to bankrupt the country to give out “free checks” and soon “debt foregiveness and free college”, while keeping the citizens sucking on the Nanny-state government teet.

          • On January 16, 2021 at 1:59 pm,
            Excelsior says:

            All one has to do is look at the trainwreck that has been the European Union experiment, or Venezuela to see a preview of coming attractions….

          • On January 16, 2021 at 2:02 pm,
            Excelsior says:

            … combined with the total Technocratic managing of the citizens by China.

            Coming soon to an immunity pass paired with social credit score, and tallied by nations digital currencies. If you want any currency in the new system, then you must comply…

          • On January 16, 2021 at 2:06 pm,
            BDC says:

            “Umbuntu Liberation Movement”
            Communitarianism (communism)?

          • On January 16, 2021 at 2:14 pm,
            Excellsior says:

            I believe their communitarianism is more village to village and person to person, and they abhor a large government state, are against big government, against taxation, and would rather be the change they want to see in the world, so quite a bit different than communism in most ways.

            I guess in theory communism has a root in the world “community” just like “capitalism” has its root in capital, but capitalism has enabled the best way to serve the community compared to any other system up until this point in history, where as communism has destroyed and ravaged every county that has tried it, and it is a failed system.

            What is different about the Umbuntu communitarianism, is there isn’t oppressive banking and monetary controls, or big government intervention, or collectivist mobs asking for special treatment or handouts, while stifling the individual liberties. In contrast they recognize the rights and importance of the individual, but encourage giving ones service to the community, for the betterment and overall prosperity of the community. More like a traditional “commune” in theory, but over time those only work in small communities and not in mega cities like Hong Kong or New York.

          • On January 16, 2021 at 2:15 pm,
            Thomas says:

            Many probably think like you about universal basic income

            But it probably is the closest concept to Star Trek today where nobody has to work for basic living and everybody follows his profession and does what he is best in -:)

          • On January 16, 2021 at 2:15 pm,
            Excelsior says:

            I believe their communitarianism is more village to village and person to person, and they abhor a large government state, are against big government, against taxation, and would rather be the change they want to see in the world, so quite a bit different than communism in most ways.

            I guess in theory communism has a root in the world “community” just like “capitalism” has its root in capital, but capitalism has enabled the best way to serve the community compared to any other system up until this point in history, where as communism has destroyed and ravaged every county that has tried it, and it is a failed system.

            What is different about the Umbuntu communitarianism, is there isn’t oppressive banking and monetary controls, or big government intervention, or collectivist mobs asking for special treatment or handouts, while stifling the individual liberties. In contrast they recognize the rights and importance of the individual, but encourage giving ones service to the community, for the betterment and overall prosperity of the community. More like a traditional “commune” in theory, but over time those only work in small communities and not in mega cities like Hong Kong or New York.

          • On January 16, 2021 at 2:24 pm,
            Excelsior says:

            The of course, there is the more libertarian ideology of Anarcho-Capitalism. I like a lot of the ideas in this framework, and could see society moving more this way, rather than something draconian like The Great Reset.

            _______________________________

            “Anarcho-capitalism is a political philosophy and economic theory that advocates the elimination of centralized states in favor of a system of private property enforced by private agencies, free markets and the right-libertarian interpretation of self-ownership, which extends the concept to include control of private property as part of the self. In the absence of statute, anarcho-capitalists hold that society tends to contractually self-regulate and civilize through participation in the free market which they describe as a voluntary society.[1][2] Anarcho-capitalists support wage labour[3] and believe that neither protection of person and property nor victim compensation requires a state.[4] In a theoretical anarcho-capitalist society, the system of private property would still exist and be enforced by private defense agencies and insurance companies selected by customers which would operate competitively in an open market and fulfill the roles of courts and the police.”

            “Anarcho-capitalists claim that various theorists have espoused legal philosophies similar to anarcho-capitalism. However, anarcho-capitalism was developed in the 20th century and the first person to use the term anarcho-capitalism was Murray Rothbard. Rothbard synthesized elements from the Austrian School, classical liberalism and 19th-century American individualist anarchists and mutualists Lysander Spooner and Benjamin Tucker while rejecting their labor theory of value and the anti-capitalist and socialist norms they derived from it. Rothbard’s anarcho-capitalist society would operate under a mutually agreed-upon “legal code which would be generally accepted, and which the courts would pledge themselves to follow”. This legal code would recognize contracts, private property, self-ownership and tort law in keeping with the non-aggression principle.”

            https://en.wikipedia.org/wiki/Anarcho-capitalism

          • On January 16, 2021 at 5:15 pm,
            BDC says:

            Most people follow power instinctively, expecting greater security.
            Loyal leaders will gain power for the best interests of their folk.
            Enemies seek it to manipulate them: to use or destroy them.

            “That RSA report envisions a cultural shift towards what can only be described as the kind of communitarian agenda Amitai Etzioni has always hoped for. No wonder RSA had Harvard’s Robert Kegan (also the OECD’s Key Competences) and his stages vision over to speak. No wonder the Positive Behavior Mandates in the US and the actual definition of Career Ready track back to Etzioni by both function and a cited reference source. No wonder the architect of RSA’s UK ed vision, Guy Claxton, can also be found as the co-author of that 2002 book Learning for Life in the 21st Century that coughed up the importance of Piotr Galperin’s Soviet psychological research to creating desired predictable future behavior.”
            http://invisibleserfscollar.com/tag/piotr-galperin/

            Who are Kagan and Etzioni ultimately loyal to?

            Today, racial loyalty is at the crux of events.

    • On January 16, 2021 at 8:59 am,
      OOTB Jerry says:

      Good outline DT……………..but, it goes back , way before 1971……..
      I am sure you already know it, …….so,…..again great comment…..

      • On January 16, 2021 at 9:38 am,
        Big Al says:

        Mr. Tracy is a valuable contributor to our site!

        • On January 16, 2021 at 12:14 pm,
          Excelsior says:

          Agreed Big Al. DT (Dick Tracy) has been a solid contributor here at the KER for many years, and his comments always make me take a step back and look at things a different way. Thanks DT!

          • On January 16, 2021 at 3:55 pm,
            Dick Tracy says:

            Thanks Ex, when I read your posts I am amazed at how intimate you are about the mysteries of Bay Street and Wall Street. It all leaves me wanting to learn more, and then there is the depth and range of knowledge you possess on all sorts of topics. There are so many people here that bring their magic and share it with others, Jerry, Matt, Irish Tony, Glen, Doc, b, and some more recent contributors like Wolfster, Charles, David, the list goes on. Lastly I must thank Big Al and Cory for being patient and bringing us all together. DT

          • On January 16, 2021 at 4:26 pm,
            Dick Tracy says:

            I forgot to mention some other long time contributors like CFS, and Ebolan, I didn’t mean to leave anybody out but I am not involved in the political site anymore, I find it too divisive. DT

          • On January 16, 2021 at 5:57 pm,
            Big Al says:

            I have noticed that Mr. T and I am sorry. I personally simply listen to both sides of every story as best as I can.

          • On January 16, 2021 at 10:08 pm,
            Excelsior says:

            Great comments DT. Yes, there is a solid group of savvy investors, interesting economic and geopolitical commentators, philosophers, and merry pranksters here at the KE Report, and the contributions from all those that take the time to share their insights and perspectives are appreciated.

      • On January 17, 2021 at 4:38 pm,
        blazesb says:

        Ex, I submit that missing from your description of communitarianism is the foundation–necessary foundation?–of such a movement being faith based. I’m thinking of Quakers, Hutterites and such as have over time proven that the premise of ‘communitarianism is achievable.

        Interesting, thought provoking. Thanks.

        • On January 18, 2021 at 2:00 pm,
          Excelsior says:

          Yes, having a foundation in morals and social code in some faith in a higher force has worked for many groups from Quakers to First Nations, but I believe most of the Umbuntu Liberation Movement is working based on the premise of helping thy neighbor and offering true service and skills to the world, instead of the repressive work to trade hours for fiat trap. Their movement in south African communities spans different religious belief systems, but the prosperity is coming from people working together.

    • On January 16, 2021 at 9:44 am,
      Thomas says:
    • On January 16, 2021 at 10:02 am,
      Big Al says:

      Mr. Tracy this happens to be one of my areas of expertise and I used to lecture on it at investment conferences as you probably remember. At the time I strongly cautioned about exactly what you state in your comment and I definitely still do.

      It is interesting but I scheduled Kathy’s and my entire retirement plan around this principal.Today we are relatively comfortable and certainly secure.

      Thanks for your comment.

  3. On January 16, 2021 at 9:30 am,
    Bill says:

    From my guys.
    We have a bearish turn in our Gold Trend Indicator, so we’ll enter DUST immediately. It trades at $20.93 and we’ll mark the “official” entry at Monday morning’s open.l
    Per ETF.com, DUST is “an extremely aggressive inverse play on perhaps the most widely followed gold mining index—the NYSE Arca Gold Miners Index—and the widely held ETF that tracks it.” Click here to read more.
    No stop until we have significant profits to book, or a bullish turn in our Gold Trend Indicator.
    It’s perfectly plausible, and arguably likely, that equities have begun what will prove to be a significant slide and it’s equally likely that precious metals and related stocks will drop in tandem as the “everything bubble” deflates

    • On January 16, 2021 at 11:03 am,
      OOTB Jerry says:

      The game plan going forward, will like going back in time…..to the Obama Admin., the same crew is in place……so, the outcome will be the same……REPEAT…..

      • On January 16, 2021 at 11:04 am,
        OOTB Jerry says:

        Manipulation in HIGH GEAR……..

      • On January 16, 2021 at 11:52 am,
        Big Al says:

        You make an interestring point which I hope is incorrect.

      • On January 16, 2021 at 8:28 pm,
        David says:

        00TB: some people the same from the Obama years, but (so far) a conspicuous absence of corporate and Wall Street people. Even the economic advisors a different type of group. You may not like their agenda either but it may, at least, show a movement away from corporate control. Remains to be seen.

        • On January 17, 2021 at 12:50 pm,
          Matthew says:

          David, that’s some old school naïveté. Wall street loves the left and always has. It is 100% myth that the titans of Wall Street are for free markets/competition. No, they all want a big moat around their operations’ market share and they get it from their puppets in government on both sides. The Wilson and FDR administrations were godsends for the most connect businesses and Biden is too.
          https://mises.org/library/three-new-deals-why-nazis-and-fascists-loved-fdr

        • On January 17, 2021 at 12:51 pm,
          Matthew says:

          Biden received more money from Wall Street than either Trump or Obama but less than Hillary.
          https://www.cnbc.com/2020/10/28/wall-street-spends-74-million-to-support-joe-biden.html

        • On January 17, 2021 at 12:59 pm,
          Matthew says:

          Remember that all taxes are paid by the consumer, the private sector. So calls for taxing those big bad corporations are really calls for taxing those who can least afford a tax increase. To grow the size of government (the wealth-takers) at a time when the economy is struggling (as FDR did in a massive way) is criminally insane since it comes at the expense of the masses (the wealth producers) who have no wealth to spare.

          New Stanford Study Suggests Biden’s Agenda Will Have 4 Devastating Economic Consequences
          https://fee.org/articles/new-stanford-study-suggests-bidens-agenda-will-have-4-devastating-economic-consequences/

    • On January 16, 2021 at 11:36 am,
      Dick Tracy says:

      Every time Bill shows up gold is ready to drop or it already has dropped. I think Bill has gold pixie dust on his shoes. If Bill was to walk onto the trading floor at The New York Stock Exchange the whole market would come tumbling down. LOL! DT

    • On January 16, 2021 at 3:18 pm,
      Excelsior says:

      Technically, I’d prefer not see the November low at $1767 approached in $Gold.

      https://schrts.co/TAWzjGUV

      It would also be ideal to see Gold bottom above the 233 day EMA (in closing price terms), make a higher low, and then start the next advance impulse leg higher.

      • On January 18, 2021 at 4:09 am,
        Excelsior says:

        I just saw this post from technician Northstar where he has a great chart of his included, showing Arc support.
        ________________________________

        Northstar @Northst18363337 on Twitter 3:02 PM · Jan 17, 2021

        “Gold….$1760…it’s close to my target from months ago, and it still makes a lot of sense.”

        https://twitter.com/Northst18363337/status/1350941533030244359

    • On January 16, 2021 at 8:08 pm,
      Buzz says:

      Thx, right with you this time Bill. Last year’s slide started with PM’S selling off leading the charge

  4. On January 16, 2021 at 9:55 am,
    RICHARD/DOC says:

    Bill, I kind of agree with you—-went short the conventional market 2 days ago and am selling one of my gold stocks that has done extremely well. I’m afraid we’re going to be in “neverland” with the PMs and stocks for some time. However, it will be a great time to add in a few weeks or take new positions.

    • On January 16, 2021 at 10:05 am,
      Bill says:

      Hi Doc,
      I think the major markets are next, all telltales of a bubble are present.
      I think are the money printing that pushed these markets has made everyone a smart investers. High cash levels for me cheers.

      • On January 16, 2021 at 12:28 pm,
        Excelsior says:

        Agreed Doc & Bill. I also went short the general markets on Friday, and picked up a position in (RWM) ProShares Short Russell2000NYSE.

        The United States is in a precarious place at present in many areas: politically, in complacency to debt/more stimulus/more central bank intervention, and especially bifurcated regarding the current and coming economic fallout from the pandemic for small businesses on Main St. still not yet fully registering with Wall St.

        The Russell 2000 has been racing higher and higher for a long time now, and I haven’t shorted the general markets in a long time; but suddenly have a growing feeling that we are about to see some real volatility in the markets.

        I’ve got a short position on the small caps first, since they’ve run so hot in valuation, but may have more pain to come in 2021 if things contract, and I’ll likely short the Nasdaq next with an inverse ETF there.

        One point to consider is that over the last 11 years, coming out of the 2008-2009 Great Financial Crisis, the markets have just kept rallying higher and higher, with a few corrective moves, but really a massive amount of buying, fueled by ultra low borrowing rates for companies that bought back their own stock, or banks & insurance companies that were bailed out and reinvested those funds into the markets.

        Shorting the markets has been a “fools errand” for over a decade (11 years going on 12 now), to the point where most shorts have been decimated and they are now an endangered species. As a result, the normal mechanism to provide a floor in a sell-off even (short sellers covering their shorts to pull profits) won’t be there on the next large correction. The only thing providing a floor will be market circuit breakers.

        Most money managers and financial guys on Wall Street are younger and have never experienced a real crash or market dislocation, so they’ll be inexperienced, and the rest of the high frequency trading is robot trading and automated algos, so they’ll just sell if the market hits a “sell everything” liquidation phase.

        As a result, my strategy is to have a small hedge in a few inverse ETFs that are short the general markets and my thesis is that small caps in the Russell 2000 and the Nasdaq will get hit the hardest, compared to the DOW, S&P, NYSE, or TSX.

    • On January 16, 2021 at 10:53 am,
      Thomas says:

      I think Matt Geiger made good recommendations

      Be prepared for some pull-back over the next 6 months and only invest in companies that won‘t need cash injections over the next 6 months

      • On January 16, 2021 at 11:16 am,
        Excelsior says:

        +1

    • On January 16, 2021 at 11:02 am,
      CaliJoe says:

      Doc,
      Bullions banks are still massively short on gold and they are losing billions. What is your opinion/whether there is a real possibility they could smash down gold below $1500? I also don’t trust the incoming Dem administration as big guys can go unpunished with whatever manipulation.

      • On January 16, 2021 at 3:26 pm,
        RICHARD/DOC says:

        Cali, I would be surprised to see $1500 but $1600 is a possibility.

        • On January 17, 2021 at 12:05 am,
          Pete says:

          Doc,

          Any timeframe on the 1600 possibility?
          Are you selling any pm stocks on the next bounce?
          When do you see the next bounce in the pm stocks?

          Thanks for sharing that you went short the conventional markets.

    • On January 16, 2021 at 11:16 am,
      Thomas says:

      Personally this time I don’t see a big pull back like last year

  5. On January 16, 2021 at 9:56 am,
    b says:

    Junior Resource Stocks Shine Brightest
    Morris Hubbartt

    gdxj “looking for a reversal any day”

    http://www.321gold.com/editorials/sfs/hubbartt011521.html

  6. On January 16, 2021 at 12:06 pm,
    Thomas says:

    I think much depends on how the pandemic will end. I found a very nice page with the current vaccinations in the world

    https://ourworldindata.org/covid-vaccinations

  7. On January 16, 2021 at 12:34 pm,
    Thomas says:

    US was really slow in December according to these figures (especially when you consider that most of the vaccine was reserved for US)

    ISRAEL is already at 25% (they also reserved a lot of vaccine for a small country)

  8. On January 16, 2021 at 12:47 pm,
    russell hamilton says:

    WOW its obvious that the lack of vaccine , due to bad planning on the part of Trump people , means wewill have much longer recovery time than europe or asia. this means more people will have to stay home , In addition , out of work people will be eatinf more at home. I have three food stocks that are benifiting for this trend . CAG, PEP, BGS and also nestle. i am up on 3 of them . NOT BIG WINNERS , but doing ok with dividends. this trend for eat at home looks like it will last for at least 8 months or more.Amazing that operation warp speed bought the vaccine , but failed to plan a full plan to innoculate masses of people. Lack of planning and fore thought on part of cabinet officers . Idiots in kentucky reeclected grumpy grandpa MITCH, WE WILL BE STUCK WITH HIM FOR 6 MORE YEARS WOW . RSH

    • On January 16, 2021 at 12:55 pm,
      Thomas says:

      Biden already said that he wants to speed up the vaccinations. What will help, Trump reserved a lot for the US (America first)

    • On January 16, 2021 at 1:29 pm,
      cfs says:

      Blsme Trump when democrat incompetents don’t keep it cold and wreck a few thousand doses. Blame Trump when democrat mayors can’t make up their minds for the order in which comorbid people get it.
      Sure, RSH. It’s always Trump’s fault.

      • On January 16, 2021 at 1:59 pm,
        Thomas says:

        Trump had a good idea when he put $2 billions into Moderna‘s vaccine development

    • On January 17, 2021 at 6:46 am,
      Charles says:

      Agreed Russell. Ag stocks are going to do extremely well. I own CORN and WEAT that have done extremely well. Note to Cory, now would be a good time to have Ned Schmidt back on the program to talk Ag stocks.

  9. On January 16, 2021 at 1:09 pm,
    russell hamilton says:

    THIS MORNINGS REPORT , says that some of the backup second doses are not there —-bad planinng again . plus they need to authouize dentists to do some injections since they are muscular injections which are easy compared to intervienous. massive lack of plan by trump cabinet officials. Elect sane people to office not wierd ones like MO BROOKS . RSH

  10. On January 16, 2021 at 3:08 pm,
    Excelsior says:

    Bitcoin owner whose story went viral after he lost his wallet password says he has ‘made peace’ with potential $220 million loss

    Tola Onanuga – Sat, January 16, 2021

    https://www.businessinsider.com/bitcoin-owner-who-lost-password-made-peace-potentially-huge-loss-2021-1

    • On January 16, 2021 at 3:10 pm,
      Excelsior says:

      Bitcoin: What A Year Already, And What’s Next

      Jan. 15, 2021

      “In the past few months, Bitcoin has experienced a significant appreciation and is currently trading two times higher than its December 2017 high.”

      “However, we have seen that the “euphoria” on the cryptocurrency has reached extreme levels.”

      “Even though we continue to remain bullish on Bitcoin in the long run, we are cautious in the short term as there are many risks that could affect it.”

      “Stronger USD and a little retracement in equities are two main risks in the short run.”

      “Important rule in finance: easy gains come with easy losses.”

      https://seekingalpha.com/article/4399115-bitcoin-what-year-already-and-next?mail_subject=bitcoin-what-a-year-already-and-what-s-next&utm_campaign=nl-macro-view&utm_content=link-0&utm_medium=email&utm_source=seeking_alpha

      • On January 17, 2021 at 5:33 am,
        Excelsior says:

        Can Gold Keep Up With Bitcoin in 2021? | Phenom

        Real Vision Finance – Jan 13, 2021

        “Eric Muschinski, CEO and Founder of Gold Investment Letter, tells you about the only gold investment he thinks will keep up with cryptocurrencies in 2021. In this new series, Eric uses his extensive experience to give incredible insight into the movements of the precious metals and cryptocurrency space.”

        https://youtu.be/KkSJbJCvs3I

    • On January 18, 2021 at 3:58 am,
      Excelsior says:

      Man who accidentally threw out a Bitcoin fortune offers $70 million for permission to dig it up

      By Lianne Kolirin, CNN

      “IT worker James Howells got rid of the drive, which held a digital store of 7,500 bitcoins, between June and August in 2013. He had originally mined the virtual currency four years earlier when it was of little value.”

      “But when the cryptocurrency shot up in value and he went in search of it, he discovered that he had mistakenly thrown the hard drive out with the trash.”

      “Now, with his lost bitcoin having soared even further, Howells has approached Newport City Council in Wales to ask for permission to dig a specific section of the landfill site where he believes the hard drive ended up.”

      “In return, he has offered to pay the council a quarter of the current value of the hoard, which he says could be distributed to local residents.”

      https://edition.cnn.com/2021/01/15/uk/bitcoin-trash-landfill-gbr-scli-intl/index.html

      • On January 18, 2021 at 4:00 am,
        Excelsior says:

        I’ve heard of people burying their Gold in the backyard or under a local landmark, but this guy really put his store of value in deep storage. I wish him luck as a new Bitcoin miner… digging through the dump to get to his harddrive and Bitcoin.

  11. On January 16, 2021 at 3:21 pm,
    Excelsior says:

    (OIII) (OQMGF) O3 Mining Announces Sale Of Garrison Project and Partnership with (ME) (MPUCF) Moneta Porcupine to Develop Timmins Gold Camp

    by @newswire on 14 Jan 2021

    https://ceo.ca/@newswire/o3-mining-announces-sale-of-garrison-project-and-partnership

    • On January 16, 2021 at 3:21 pm,
      Excelsior says:

      Acquisition Catapults (ME) Moneta to 8.5mn Gold Ounces – In Canada.

      Soar Financial on 14 Jan 2021 #VIDEO

      https://youtu.be/MPYnd15ZNdg

      • On January 16, 2021 at 3:23 pm,
        Excelsior says:

        The JV for O3 Mining’s Garrison project to be combined with Moneta Porcupine’s Golden Highway project, is a wise strategy, and reminds me a lot of what Treasury Metals did recently to combine their Goliath project with First Mining’s Goldlund project to create a larger combined resource.

        Making it combined resource allows both companies to get better access to funding for the project, and a more attractive path forward for the combo-project actually moving towards development and into production.

        • On January 16, 2021 at 3:24 pm,
          Excelsior says:

          (OIII) (OQMGF) O3 Mining Sale Of Garrison Project and Partnership with (ME) (MPUCF) Moneta Porcupine

          Corporate Presentation Jan 14, 2021:

          Moneta and O3 have entered into a definitive share purchase agreement whereby Moneta will acquire all the outstanding commons shares of Northern Gold (a subsidiary of O3 which owns the Garrison Project)

          • Moneta will issue approximately 150 million shares to O3 at closing
          • O3 will own approximately 30% of Moneta (pre-financing)

          https://o3mining.com/wp-content/uploads/O3-Mining_ME-Partnership_Jan14_FV.pdf

    • On January 18, 2021 at 4:56 am,
      Excelsior says:

      (ANX) (ANXGF) Anaconda Mining: Another Solid Year For This Junior Miner

      Jan. 16, 2021 – T.D. – SeekingAlpha

      “Anaconda Mining announced its preliminary Q4 and FY2020 results last week, and reported annual gold production up 13% year over year.”

      “This translated to over C$41 million in annual revenue and estimated operating cash-flow of over C$16 million.”

      “Based on Anaconda’s market cap of just C$87 million, and the fact that it has another development project in the wings, the stock remains very reasonably priced.”

      “Based on Anaconda’s organic growth potential and Point Rousse cash flow which helps fund Goldboro expenses, I continue to believe that any pullbacks below C$0.50 will provide low-risk buying opportunities.”

      https://seekingalpha.com/article/4399306-anaconda-mining-another-solid-year-for-this-junior-miner?mail_subject=taylor-dart-anaconda-mining-another-solid-year-for-this-junior-miner&utm_campaign=rta-author-article&utm_content=link-0&utm_medium=email&utm_source=seeking_alpha

  12. On January 16, 2021 at 3:36 pm,
    Bill says:

    Excelsior
    Ya good plan I think. We went short last Feb before the big crash.
    I would have sold more Thur Friday but busy on my backhoe.
    These banana markets scare me so I’m focusing on developing my 3rd property..
    I’m in Powell River and Courtenay and it’s booming here and more so because peeps are bailing out of the city from the covid lockdowns.
    Its just crazy ass times.

    • On January 16, 2021 at 6:25 pm,
      Excelsior says:

      Bill – Good luck on developing your 3rd property, and yes, these are crazy times for sure!

    • On January 17, 2021 at 6:56 am,
      Wolfster says:

      Hey Bill….I was all set to spend last summer seeing what the work for tiling was like on Sunshine Coast but Covid delayed those plans

  13. On January 16, 2021 at 6:36 pm,
    Evin says:

    This technology for high speed transaction settlements is impressive, anyone follow nba basketball up here, this link is beta testing (‘pre-public) launch for the NBA sport collectible video platform. Like trading YouTube video clips. to get a peek sign up with this exact link link

    https://www.nbatopshot.com/user/@Evinenry

  14. On January 17, 2021 at 12:38 am,
    Excelsior says:

    The Destructive Force And Failure Of QE

    Jan. 16, 2021 – Goldmoney

    “This article concludes that quantitative easing as a means of stimulating economies and financing government deficits will fail. The underlying assumption is that the transmission of additional money to non-banks in order to inflate financial assets, and to banks to cover government finances, will become too great in 2021 for it to succeed without undermining fiat currencies and financial markets.”

    https://seekingalpha.com/article/4399317-destructive-force-and-failure-of-qe?mail_subject=goldmoney-the-destructive-force-and-failure-of-qe&utm_campaign=rta-author-article&utm_content=link-0&utm_medium=email&utm_source=seeking_alpha

  15. On January 17, 2021 at 6:14 am,
    Dick Tracy says:

    This is what I have always thought, Scientists conclude there is no way to control super intelligent machines. We have created our own demise. They will have access to all your personal information and will be able to replicate themselves. DT

    https://www.studyfinds.org/no-way-to-control-super-artificial-intelligence-ai/

  16. On January 17, 2021 at 7:03 am,
    Wolfster says:

    Was looking at the uranium plays and came across a royalty play aptly named uranium royalty….what got me interested was the fact they have warrants that don’t expire til December 2024 that look like a bargain……only issue I see for it participating in any uranium bull run near term is the early stages of most of their projects

  17. On January 17, 2021 at 8:49 am,
    David says:

    Metals Investor Forum (MIF):
    I was able to listen to some of the presentations at the MIF last Thursday and Friday. I found the following “interesting” and may be worth checking out. It doesn’t mean they were the best ideas offered, but just caught my attention:
    No particular order:
    Jay Taylor : Eskay Mining
    Erici Coffin: San Summit Minerals High grade discovery in Hole 12 in BC
    Pan Global: Copper, tin, silver, possible open pit near Saville Spain. Building resource after 28 holes drilled, $84 mil in bank
    Orezone Gold: Burkina Faso, close to starting mine
    Fireweed Zinc: Has been a stand-out in Zinc space as explorer, many drill holes pending, I think Yukon
    Je Maumdar: Trilogy Minerals: Cobalt, Lead, Copper, Zinc, Silver, gold. No debt, $12.8 mil cash, Retail only 23% of shares. Alaska.
    Clean Air Metals: Thunderbay, Ontario. Palladium, Platinum, Copper, Nickle. 645 drill holes from previous owner. On or near Lake Superior. Bought a tracking position.
    Regulus: Peru. Appears to be a large copper/gold brownsfield project. Some historic holes and some good resource identified already.
    Blackstone Minerals: Australian company, in Viet Nam with German and South Korean investors. Nickle. Open pit possibility. Located North Viet Nam. Sounded different.
    Brien Lundin: Blackrock Gold: (I have owned for awhile): Nevada, silver. 14 drill holes pending, CEO very positive and said stuff like “Never more Undervalued”, has had good drill results so far, so maybe he is confident for a reason. Added to my position. Blackrock had a good run up early in 2020 and became a tax loss late 2020. Some upward move as of late.
    Group Ten: I own. Platinum, Rhodium, Nickle, copper, Cobalt, Gold. Drill holes pending, increased land area with aquisition of Stillwater West in Monana, growing Institutional involvement.
    Genesis Metals: Abitibi greenstone project, Eric Sprott, US Global and other investors, NE Quebec, roads, power, member of the Discovery Group
    Gwen Preston: Newcore Gold: Ghana, Africa; claim largest gold producing country in Africa, 35% Institutional holding, 32% management, 1.2mil ounce resource so far, 100 mil diluted shares
    Ridgeline Minerals: Nevada, silver/gold, 58.5 mil shares diluted. I have it as a watch so they may be early exploration.
    Canasil Resources: Mexico, Durango, in the thick of the big silver producers and lists silver, gold, zinc, copper, lead. This one has been exploring for awhile and price slow to move. A few good holes. Have 3 properties I think. Funding may be an issue in getting drilling moving. ???
    Empress Royalties: New royalty company that is listed Canada and pending in US. Planning on investing in Mexico, Canada, Australia. Financial backing from Endeavor Financial, Acendo Banco, and Terra Capital. Some Royalties already.

    Missed all of Keith Schaefer session and most of Jay Taylor. MIF will be putting out their presentations soon as well as some “Backstage Interviews’. FWIW info until then.

  18. On January 17, 2021 at 9:44 am,
    Dick Tracy says:
  19. On January 17, 2021 at 10:28 am,
    Bill says:

    his comment
    On January 17, 2021 at 6:56 am,
    Wolfster says:
    Hey Bill….I was all set to spend last summer seeing what the work for tiling was like on Sunshine Coast but Covid delayed those plans.

    Wolf I remember you mentioned that. Yes it’s booming in Powell.
    Retirement complexes and more new homes being built x 5 then I ever seen.
    Courtenay is the same. That’s where my commercial property and condos are.
    Never skipped a beat from covid. Top tier renters like Telus so I’m lucky as hell.
    My brothers development sold almost all his lots the last 6 months.
    I can’t get trades everyone is slammed.
    I’m building mini storage again every $250k I spend provides cash flow of $80k a year.
    Best biz going. Tenant hassels are near zero as the have 1 right. To pay their bill or be locked out! Lol

    • On January 17, 2021 at 1:06 pm,
      Wolfster says:

      Thanks for the update Bill…. my biggest concern lately has been the real estate market picking up. Prices in Sechelt were looking a lot better last year. There were some good deals

  20. On January 17, 2021 at 10:41 am,
    RICHARD/DOC says:

    By the time the covid hysteria and disease is ended by this fall they might finally have the vaccination mill up and running better—they’ll then start telling folks how effective the vaccine was versus the real covid antagonist: herd immunity.

    • On January 17, 2021 at 11:58 am,
      Charles says:

      Hi Doc – Do you think medical passports will happen?

      • On January 17, 2021 at 7:22 pm,
        Excelsior says:

        What Is a COVID-19 Immunity Passport—and Who Will Get One? Here’s What Experts Say
        12/10/2020

        https://www.msn.com/en-us/health/medical/what-is-a-covid-19-immunity-passport%e2%80%94and-who-will-get-one-heres-what-experts-say/ar-BB1bP3fo

        • On January 17, 2021 at 7:25 pm,
          Excelsior says:

          Big Brother surveillance and tracking has arrived and it is thriving….

          ImmuniPass [COVID19_01]

          “Immunipass can be used across multiple jurisdictions and has the ability to segment populations geographically, demographically, or by any other criteria in-real-time in order to meet any standard as those standards evolve – for an unlimited number of end users.”

          https://immunipass.com/catalog/immunipass.php

          • On January 17, 2021 at 7:33 pm,
            Excelsior says:

            Fear is being marketed to the sheeple, as they eagerly put on their own handcuffs. We mentioned this was all coming right at the onset, with contact tracing, authenticating, confirming you compliant, and in a not so distant future, it will not be optional, and folks will either be compliant, or if they resist will be socially ostracized and blocked from many parts of operating in the new world order.

            ___________________________________

            What Is ImmunityPassport?

            “The app lets you securely access various COVID-19 test results, get a probabilistic assessment of your immunity status and then share it with employers, officials or family members. ”

            “We’re working with government officials, medical diagnostics companies, doctors and businesses to make the solution more robust every day…”

            https://www.immunitypassport.co/

  21. On January 17, 2021 at 1:55 pm,
    RICHARD/DOC says:

    Charles, unfortunately, it would not surprise me since it will tighten the noose of “control” by our real masters.

    • On January 17, 2021 at 2:54 pm,
      Charles says:

      I was afraid you would think that.

  22. On January 17, 2021 at 2:25 pm,
    David says:

    00TB and Matthew:
    I am aware that Obama and Hillary received more from Wall Street than other candidates. I also counted 32 political appointees from Goldman and JPM during Obama’s first term. I am also aware Bill Clinton started the heavy deregulation by getting rid of Glass Steagall and Bush got rid of the rest of the Post Depression regs. I also know that Trump cared less who was pumping his stock market as long as it happened. What I was attempting to say was that the people, at this moment in time, are different unless there is a run of appointments post swearing-in. I do not view Wall Street as Partisan, but as Criminal. I am merely hoping for a moratorium on the high level of corruption…even if it is a fluke. Can’t I at least hope for a modicum of change.

    • On January 17, 2021 at 2:36 pm,
      David says:

      Biden hasn’t even appointed 10% yet and no I don’t know what Yellen is about but it is not Jamie Dimon.

    • On January 17, 2021 at 2:44 pm,
      OOTB Jerry says:

      David……. “am merely hoping for a moratorium on the high level of corruption.”….You Say.

      David………the corruption is never going to end…..that is a pipe dream.
      I pointed out, that the same scum bags…..From the O admin., are just moving around in different positions…..SEC, coming from CFTC,….just one example,
      Bix Weir,said, on one of the videos, I referred to, has a complete list of the revolving door selections, …..Some of which will not have to be approved by congress….like many of the Deputy Sects….
      If, you think the metal are an investment, ….it is good to know where the crooks will be hiding……JPM, will be on full swindle rigging.
      I am not saying PMs, are on the way out,….just need to consider, that the con game is going to continue….

      • On January 17, 2021 at 2:46 pm,
        OOTB Jerry says:

        BTW….thanks for the follow up……appreciate…..

        • On January 17, 2021 at 3:44 pm,
          David says:

          Oh crap…I just found the Gary Gensler appointment to the SEC. He won’t do anything about anything. Worst appointment possible. You are right. Here it goes down hill again.

          • On January 17, 2021 at 3:53 pm,
            OOTB Jerry says:

            Thanks David for the follow up……interesting events coming forward…..puts a new spin on things…..JMO

  23. On January 17, 2021 at 2:29 pm,
    Marlborough says:

    Hi Matthew, I just wanted to check in on your thoughts re Brixton. It didn’t climb up to 0.265 like you wanted, but it seems to be holding strongly in the low 20s. Bottom in?

  24. On January 17, 2021 at 4:26 pm,
    OOTB Jerry says:

    Monetary news……..Central bank …..people being able to go direct……
    https://www.youtube.com/watch?v=gcmhR2TjJKo

  25. On January 18, 2021 at 1:46 am,
    Excelsior says:

    Uranium Insider Mastermind Call w/ Uranium Insider Justin Huhn

    Stephen Penny – 1-10-21

    https://vimeo.com/499456977

    • On January 18, 2021 at 2:21 am,
      Excelsior says:

      Trump outlines Nuclear future with mini-reactors for US military and space programs

      14 Jan, 2021

      “In his last days in office, US President Donald Trump signed an executive order whose impact might be felt through 2040 and beyond, directing agencies to work on new kinds of nuclear power for space exploration and military use.”

      “The order promoting “Small Modular Reactors for National Defense and Space Exploration” was published on Tuesday. Though it promptly got lost in the media cacophony over the inauguration, impeachment and last week’s unrest at the US Capitol, its contents could have a long-lasting effect on US nuclear policy.”

      “Declaring nuclear energy “critical to the national security, energy security, and economic prosperity of the United States,” Trump tasked several government agencies with working together to develop small nuclear reactors for use by the military, in space exploration, and domestic energy production.”

      https://www.rt.com/usa/512568-trump-nuclear-space-military/

      • On January 18, 2021 at 2:25 am,
        Excelsior says:

        John Quakes @quakes99 on Twitter – 10:28 AM · Jan 15, 2021

        “Haywood Securities has a ‘Buy’ with C$5.60 Price Target Direct hit on #Uranium developer NexGen Energy $NXE #mining #investing #U3O8”

        https://twitter.com/quakes99/status/1350147808616038400

    • On January 18, 2021 at 3:37 am,
      BDC says:

      “It’s always sumpin’!” ~ Gilda Radner

    • On January 18, 2021 at 5:02 am,
      BDC says:

      36:20 “Acid Fracking” in Kazakhstan !!

  26. On January 18, 2021 at 4:17 am,
    BDC says:

    GOLD: https://postimg.cc/87tdZXNw
    Potential appendix (spike) low.
    The Glenfidish penultimate pop?

  27. On January 18, 2021 at 7:02 am,
    David says:

    It is interesting how much miner news has been released today knowing the US markets are closed for a holiday. They couldn’t be making a statement about the US “sell the news” speculators response. Nah….

  28. On January 18, 2021 at 7:17 am,
    BDC says:

    Denison Mines: https://postimg.cc/HVP0FQ3d
    Uranium. Saturated. Near bearish engulfment.

    • On January 18, 2021 at 8:16 am,
      BDC says:

      Saturated-Top, same as Nexgen and IsoEnergy,
      but they are already into downside saturating,
      e.g. IsoEnergy: https://postimg.cc/9RnyR90c

      • On January 18, 2021 at 11:35 am,
        Excelsior says:

        Yes, some of the Uranium miners are getting a bit top heavy and saturated after the runs they’ve had the last 2 months, but with such a tiny universe of stocks available for investors, and larger funds moving in to position with bigger volumes in the recent past, then things can stay overbought for longer than folks anticipate.

        There are a number of Uranium stocks like Encore Energy and Global Atomic Corp that have also run hard over the last few weeks and are starting to roll over a bit, as well as zombie companies like Forsyth Metals that have come back to life and doubled in the last month without any news or reason, other than the whole Uranium sector is starting to wake up again.

        It would be a great gift to savvy investors to have the Uranium stocks pull back for just a while and consolidate, offering potentially one of the last good buying opportunities in the U stocks before things really take off in a big way. My portfolio has seen fantastic gains in the Uranium stocks, but I suddenly felt underexposed to where I wanted to be when the move got underway in November and December. I trimmed them all back a little on the move higher, but then felt nervous there may not be much of a pullback and have been gradually layering those funds back in on down days.

        I only had 5 U stocks initially (Energy Fuels, Ur-Energy, Denison, Nexgen, UEC), but have since added 2 more (Standard Uranium and Azarga Uranium). I’ll likely add in a few more soon like Laramide, Peninsula, Skyharbour, UEX, Purepoint, Encore Energy, Global Atomic, and maybe even some of the African plays like Paladin and Deep Yellow.

        • On January 18, 2021 at 12:16 pm,
          BDC says:

          Both Standard and Azarga are too small
          for my new swing trade timing method,
          but their daily charts do look toppy.

          • On January 18, 2021 at 12:27 pm,
            BDC says:

            About twice their capitalization
            may smooth out the technicals.

          • On January 18, 2021 at 1:42 pm,
            Excelsior says:

            Yeah, Standard Uranium is a newer uranium explorer with quite prospective land and promising early data, and Azarga Uranium is a lessor-followed uranium developer with a strategy to use ISR in-situ mining in the US, along the same lines as what Ur-Energy, Energy Fuels, and Peninsula Energy have done.

            Most of the Uranium sector took a huge jump up in December last year, but I’ll be looking to add my portfolio of U positions as the pullbacks present themselves.

  29. On January 18, 2021 at 8:09 am,
    SilverDollar says:

    Mind Blowing Charts from Northman Trader: Unbelievable!
    http://jugglingdynamite.com/

  30. On January 18, 2021 at 9:45 am,
    OOTB Jerry says:

    One of the better contributions…good summary and highlights….just a continued wake up call……..
    and part of the POLITICAL issues……..facing all traders, and investors…….