Fed Rate Hike and How It Impacts Gold Stocks

June 17, 2017

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Thanks to the Fed this week there was a lot to talk about. The fed raised rates another 25 basis points but the real surprise was how hawkish they came off again in terms of future rate hikes and some forward guidance on how they will unwind the Fed’s balance sheet.

On this weekend’s show we discuss the implication of the Fed’s statement as well as take a close look at the resource sector in term of stocks.

This week was also a busy one in terms of news and new company intros. Please click the links below to visit the posts. Remember our sponsor companies are the reason why we can offer our program for you to free. Please consider supporting the companies and at least listening to their stories and providing us with feedback.

We thank you for all for tuning in this weekend. Please keep in touch by emailing me at Fleck[at]

  • Segment 1: We kick off the show with newsletter writer Sean Brodrick. Sean and I look at the action in junior gold stocks as well as the recent pop in Palladium.
  • Segment 2: John Kaiser, founder of Kaiser Research provides his outlook for precious metal stocks over summer. We address that fact that many companies are currently drilling and results will be released shortly.
  • Segment 3: Adrian Day, CEO of Adrian Day Asset Management recaps the Fed statement and takes a broad look at the markets.
  • Segment 4: Managing Partner at the CPM Group, Jeff Christian shares his thoughts on the balance between physical gold demand and what actually drive the gold price.
  • Segment 5 & 6: Is our country at a crossroads? Joshua Philipp, senior writer for the Epoch Times and Big Al believe that we are.
  • Segment 7: We discuss the latest actions of the Fed with Professor Jim Little and Chris Temple.
  • Segment 8: We wrap up KER Politics with Professor Jim Little and Chris Temple.

Company Updates and Interviews this week.

(Click on the text to visit the post)

Auryn Resources – Drilling is Starting at Committee Bay. Here’s what you need to know.

An Introduction to a new Copper Exploration Company

Glen Eagle Resources – Follow Up Questions On The La Cobra Mining Concession

Novo Resources – First 2017 Results From Beatons Creek

Glen Eagle Resources – Continuing To Make Money on its Cobra Oro’s Operations
NuLegacy Gold – A Large Land Package and Drill Program Underway

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    Jun 17, 2017 17:27 AM

    Thanks Guys, for your work.

      Jun 17, 2017 17:00 AM

      Actually CFS, thank you as this endeavor keeps me sane.

    Jun 17, 2017 17:28 AM

    Bitcoin No Threat To U.S. Dollar, Gold – Jim Rickards

    Jun 17, 2017 17:35 AM

    Thanks for the weekend show as always fella’s.
    Much appreciated.

      Jun 17, 2017 17:01 AM

      Thanks you for listening and commenting Skeeta.

    Jun 17, 2017 17:40 AM

    Sections 5 and 6:
    If Trump was vunerable (i.e. had done something wrong) Don’t you think it would have been leaked by now>
    Is there any doubt that the NSA has been ILLEGALLY SPYING on him and all persons related to him?
    Right now the Democrats are trying everything they can with Mueller’s fishing expedition.
    Trump needs to get an investigation going into Comey’s buddy Mueller and Lynch and the real obstruction of justice.

        Jun 17, 2017 17:20 AM

        It would be really great to have you join our political discussion group via Skype and for you and other members of our family this invitation is always open.
        The Zero Hedge article simply convinces me even more that we at a definite crossroads in our country.
        All I can do is continue to provide information with all of your help; stay informed; and, pray.

      Jun 17, 2017 17:05 AM

      Better than a three ring circus CFS. I personally am waiting for the horses to get back into the barn. My guess is that will not happen until this Fall. If the Progressives are the kind of people that I think they are I pray that this country comes to it’s senses and the majority realizes that they are simply bad people.

      On that note, I read a couple of articles in The WSJ yesterday that absolutely prove my opinion.

    Jun 17, 2017 17:43 AM

    Re. Seg 7:
    If the Federal Reserve tries to reduce its balance sheet, it will collapse the world economy, unless the other central banks increase their injection of money into the system.

      Jun 17, 2017 17:04 AM


      And if the other central banks increase their injection of money into the system, it will eventually collapse the system.

        Jun 17, 2017 17:19 AM

        Mr. Moriarty, I agree.
        However, I believe, they will try to continue kicking the can down the road for as long as possible.
        The US should have accepted a recession years ago rather than start down the QE road, but they did not.

          Jun 17, 2017 17:23 AM

          And, how many times has this been stated in this forum CFS?

        Jun 17, 2017 17:21 AM

        Bob, as always thanks, for your input.

    Jun 17, 2017 17:46 AM

    “US Steel Is Ready! – Long or Short?”
    “Big buck traders should keep an eye on this one.”

      Jun 17, 2017 17:25 AM

      Good input, thanks BDC.

      If you are the trend line tracker, please let us know.


        Jun 17, 2017 17:16 PM

        Yep, that’s me. I’m working on POT now, and it looks like a simmering general resource bull may be unleashed — maybe this year. Of course, these shallow up trends could break the wrong way, but this is the time to be interested. Please recommend some big cap resource companies you’re interested in.

    Jun 17, 2017 17:46 AM

    I’m still not sure Democrat-leaning Yellen is not just taking revenge on Trump for not losing to Hillary (the unidicted criminal).

      Jun 17, 2017 17:11 AM

      Yellen: Wall Street Private Banking leaning. It’s about wealth transfer, and not politics. Think Theft.

        Jun 17, 2017 17:28 AM

        David, have you read “The Creature form Jeckel Island?

          Jun 17, 2017 17:43 PM

          Haven’t read The Creature yet, but have read a bunch of other books about Central Bankers and corruption.

    Jun 17, 2017 17:53 AM

    Mr. Temple: Do you think the Fed really puts the country first; above the banking system? I don’t.

      Jun 17, 2017 17:01 AM

      No — and never suggested otherwise. All policy, etc. is intended to benefit/sustain the system. BUT these people are also people — fallible, and none too bright at times.

      Jun 17, 2017 17:02 AM

      AND some of them are so naive in a way themselves (and don’t even understand their own system it seems) that they REALLY DO think they are “helping” the economy, etc. The old story of the blind leading the blind.

        Jun 17, 2017 17:17 AM

        They have been schooled at the best brainwashing systems in the nation……and everyone falls for it………….Ivy League with poison ivy………

    Jun 17, 2017 17:56 AM

    Why did Trump just give amnesty to 800,000 illegal immigrants?
    Why is this not discussed?

      Jun 17, 2017 17:32 AM

      A Valentines Day rally organized by the New York Immigration Coalition called ‘Love Fights Back’ on Feb. 14 in New York City. SPENCER PLATT / GETTY IMAGES
      The Trump administration on Tuesday released an aggressive plan to stop illegal immigration, warning that all of the estimated 11 million undocumented immigrants currently living in the United States are subject to deportation at any time.

      Two memorandums signed by Homeland Security Secretary John Kelly laid out a series of policies intended to increase immigration enforcement, speed deportations and discourage new asylum seekers. Among the provisions: the hiring of thousands of new border patrol and immigration enforcement agents, the creation of a new office within Department of Homeland Security to work with the victims of crimes committed by unauthorized immigrants, and an expansion of the number of unauthorized immigrants who can be deported through an expedited process.

      The practical impact of the orders is not yet clear. Administration officials, in a conference call with reporters on Tuesday, said the moves were not a prelude to mass deportations, which would in any case likely require additional funding from Congress. Many details — including the fate of hundreds of thousands of undocumented immigrants granted temporary protected status by former President Barack Obama — remain unresolved, and some of the new policies will likely face legal challenges.

    Jun 17, 2017 17:00 AM

    Many of the Republicans in leadership are RINOs. That becomes more obvious by the day.

      Jun 17, 2017 17:35 AM

      I believe that a more accurate statement is “today, more than ever, we have to examine each politician very closely and base our final opinions on individual records and public statements.

      That is, at least, what I try to do.

        Jun 18, 2017 18:41 AM

        Trump is a workhorse, much of what he has done is not reported by the media so the public thinks he spends all his time trying to keep from being impeached. The media like Marshal Macluan said is the message.

    Jun 17, 2017 17:10 AM

    Greg Hunter:

    “You wonder why all the leaks and so-called investigations that go on and on lead to nowhere? Why the real story of an outgoing Administration using the resources of the FBI and Intel agencies to try to sink Trump and his Administration are not reported? Could it be the Obama Administration is desperate to cover up crime and treason that will surely be revealed by the Trump Administration? The only reason I can come up with why people would commit felony leaks is to cover up bigger felonies and even treason.”

      Jun 17, 2017 17:07 AM

      Hear, hear.

      Jun 17, 2017 17:24 AM

      Greg has an interesting point, CFS

    Jun 17, 2017 17:19 AM

    Like most folks, Josh Phillips does not understand what ‘fascism’ is:
    It is a method — not a doctrine!

      Jun 17, 2017 17:25 AM

      Josh understands a lot BDC. What you bring up, which is valuable, is an example of the intricacy of semantics!

    Jun 17, 2017 17:27 AM
      Jun 17, 2017 17:42 AM

      Interesting summary. Thanks Wolfster.

    Jun 17, 2017 17:27 AM

    Thanks as always for your great endeavours this weekend. For those wishing to continue yesterday’s debate on bitcoins Hugo Salinas Price says watch out: Bitcoin is nothing more than dream money. Scroll down on SGT.

      Jun 17, 2017 17:20 AM

      Here is another good article on Bitcoin et all by a Guy I know & respect……

        Jun 17, 2017 17:38 AM

        Karl is a sharp guy…….I would have to agree with you….

        Jun 17, 2017 17:57 AM

        Thanks Chris.

        Jun 17, 2017 17:30 PM

        I am reaching out to Karl right now. I would really like to have him on our show.

          Jun 17, 2017 17:33 PM

          I hope you can, I met him at a Sprott conference a few years ago & he is really a first rate Guy & very smart.

      Jun 17, 2017 17:35 AM

      Andy, great article …………..

        Jun 17, 2017 17:39 AM

        Price is always a good read or listen to…….jmo

      Jun 17, 2017 17:44 AM

      Cryptos….and tulip bulbs…..

        Jun 17, 2017 17:31 PM

        Kind of my opinion at this point OOTB

      Jun 17, 2017 17:43 AM

      With my, admittedly somewhat limited interest and knowledge, I agree with Mr. Price.

    Jun 17, 2017 17:53 AM

    Canadian mining companies targeted in “cyber-extortion” scheme
    Group dubbed FIN10 used spear phishing emails to hold sensitive information for ransom, payable through bitcoin
    Andrew Topf | about 16 hours ago | 893 |

      Jun 17, 2017 17:32 PM

      That represents one of my trepidations about this, b.

    Jun 17, 2017 17:55 AM

    SEg.8………”nothing is happening”, Professor Little says………I agree.

      Jun 17, 2017 17:58 AM

      the 8500 people who own 90% of the wealth………do not care if anyone has anything…jmo

        Jun 17, 2017 17:02 AM

        Psychopaths have NO conscience whatsoever Jerry. For the rest of us ‘plagued’ with a conscience we can hardly conceive that such people exist. But it makes it easier for us to recognise them for just that – people who’ve sold their souls outright.

          Jun 17, 2017 17:07 AM

          Ditto and well said…………

          Jun 17, 2017 17:13 AM

          the psychopaths, should remember, …..when the little people have had enough, they tend to revolt………historical fact………

        Jun 17, 2017 17:34 PM

        I always thought that you were one of the 8500, OOTB!

    Jun 17, 2017 17:05 AM

    With the raising of interest rates the markets could soon see a series of fainting fits much like the ground tremors that begin before a major earthquake. Raising interest rates at this conjecture does nothing to help the economy, in fact it is a huge detriment. When rates are raised the government must pay a lot more just to service the national debt and all other debts it holds at various levels down to the municipalities. Speculators which includes the government must also pay more money to prop up the markets. Businesses, individuals, and families, are forced to pay a higher rate for funds.

    As The Federal Reserve authorities raise the rates they appear to be wantonly and deliberately bring about a severe smash in the markets. Markets are very much tied in with psychology, so far they have been able to keep deflation at bay except by a disaster which will be the endgame. DT

    Jun 17, 2017 17:06 AM

    Are we at a crossroads: we have seen the first “speed bump” put in place before the Progressives/Totalitarians/Globalists, and you see their paid and unpaid “true believers” being stirred up by the belief that their future utopia is in doubt. America really is polarizing between the haves and have-nots, the workers and the elite. I don’t know where this is going, but the rest of the world has lived without America’s privilege of two oceans separating us from the Old World and its’ conflicts. Now America is being treated like the rest of the world’s ancient history.

      Jun 17, 2017 17:42 PM

      You make an interesting point Mr. Pace.

    Jun 17, 2017 17:42 AM

    #Gold Stocks To Provide Leverage Once Again
    Jun 16, 2017 #VIDEO

    “Gwen Preston discusses when she expects to see gold stocks providing leverage once again.”

      Jun 17, 2017 17:43 AM

      Frank Holmes: A Tsunami of Selling in Gold Miners Is About to End
      PalisadeRadio – Jun 13, 2017 #Audio Interview

      “Frank discusses how the $GDXJ became just a buying index with no separation of value and little understanding of who was doing well fundamentally. The re-balancing has created a large uncertainty with five billion dollars initially moving into the space and now three billion dollars leaving it. This will affect many of the small and mid cap #producers …”

        Jun 17, 2017 17:43 AM

        Evaluating #Juniors and Top Picks – Sid Rajeev

        Cambridge House – Jun 13, 2017 #VIDEO gets good about 3 mins into it.

          Jun 17, 2017 17:45 AM

          Next Bubble in Gold Stocks
          Jun 13, 2017

          #Audio Interview w/ younger investors @TheNextBigRush @Jayfire @MiningBookGuy

          Jun 17, 2017 17:48 AM

          Management…..4 min into…….overlooked by many, and most important for shareholders….jmo

            Jun 17, 2017 17:54 AM

            Yes, I believe management is particularly important in all companies, but especially the smaller Explorers where most of them are burning through money with the belief they’ll find an economic deposit, but 99% of the time it won’t become a mine.

            Some executives pay themselves too much, or make bad acquisitions of land or other companies, or spend too long on VTEM/Geochem or shooting darts in a dark room, instead of bringing in the right Geologists that know that kind of deposit or country and can really get to the bottom of whether they have something real or not.

            Also great management teams know when it is time to cut bait, leave that area, and move to another deposit. You don’t hear that very much, but sometimes it is better to identify quickly something isn’t going to work, and move on to a more productive exploration target.

            Lastly, a great management team knows how to evaluate different ways to raise funds (selling a project, selling a % of a project to a Strategic Investor, or JVing a project for a partial earn-in to have them fund some, or using debt or shares as a currency WISELY, or offering a royalty or acquiring a royalty, etc….).

            Jun 18, 2017 18:41 AM

            Yes in hindsight it is the common factor in all my big losers

          Jun 18, 2017 18:52 AM

          Nice to get a few Peru plays. I am interested in Peru with zinc plays like Tinka already but some gold plays are always nice to add to the list too

            Jun 18, 2017 18:03 PM

            Yes, I like Tinka for Zinc as well. I have a half dozen Zinc plays in the portfolio at present.

            As for Gold the toll miners like Montan and Inca One have been absolutely trashed, and it makes little sense, as their margins are about to get a lot better over the next 6-12 months and they don’t have the exploration risk/expense of most explorers or producers. I like their slow-n-stead wins the race approach.

            I have a few Copper/Gold plays I’m evaluation in Peru as well but haven’t been as aggressive with Copper at this point.


      Jun 17, 2017 17:36 AM

      Minaurum Gold Interviews James Kwantes – “Where are the Resource Opportunities?”
      Jun 16, 2017

      “In this interview, we speak with James Kwantes, Editor of the Resource Opportunities newsletter. We talk about his viewpoints on the current state of the mining sector, his forecasts, what to look for in a mining company as per his ‘Investment Litmus Test”, the recent shift of power in the BC government and its affect on mining, and a sector that is not talked about often, the diamond industry.

      James Kwantes is the editor of Resource Opportunities, a subscriber supported junior mining investment publication. Mr. Kwantes has two decades of journalism experience and is currently the mining reporter at Vancouver Sun, the city’s paper of record. He is also the founder of the World of Mining blog.”

      Jun 18, 2017 18:26 AM

      Uranium – A New Bull Market is Dawning, with Mike Alkin
      Cambridge House – Jun 12, 2017 – VIDEO

    Jun 17, 2017 17:49 AM

    IPT gave back all of Thursday’s large gain yesterday and did so on the highest volume since October – closing at .50. The interesting thing is that the VWAP (volume-weighted average price) for the day was still over .58.

    Looking at the 30 minute chart, we can see that only 161,590 of the 776,550 shares traded changed hands below .58. So, a bearish high volume pullback on the daily chart turned out to be something a little less scary on the 30 minute chart – a low volume pullback.

    Since I don’t know who accounted for the large volume on the buy side, risks would include a move to a new low (below .485) shaking those shares out. But the odds are good that the buyers were strong since weak hands don’t tend to be aggressive buyers anywhere near 52 week lows.

    Because of this action and despite having too many shares already, I bought more as it went from .55 to .50.

      Jun 17, 2017 17:58 AM

      I trimmed some of my IPT position back when it surged on Thursday (anticipating it giving some back), and there were a few other bargains I want to move those funds into. Now my cost basis is lower, and still have a nice position in it.

      I also trimmed back AXU Alexco as it had quite a move into Friday, and lowered my cost basis in it as well, and redeployed those funds into a few other sell-down bargains.

      I was impressed with both IPT and AXU this week though. Nice action.

        Jun 17, 2017 17:02 AM

        I bought so much at the .49-.50 level lately that it makes me think there must be a lower low coming! 😮

          Jun 17, 2017 17:03 AM

          Have also added a lot to PPP and JAG (which I had been out of at the time that it plunged to below .40).

            Jun 17, 2017 17:08 AM

            I’ve been swing trading JAG and finally have it down to a nice core position again. (I went back and forth from overweight during the selldows, to underweight on small rallies, and back and forth, and now just have a nice core position in it again).

            PPP I’ve averaged down in a few times, but am still underwater on it. That has been a painful falling knife scenario for me, and as a result I now have a larger position in it that anticipated. As we’ve discussed on here a few times, there are a number catalysts in the 2nd half of 2017 that will pull it back up out of the depths.

            There are a number of other distressed producers and developers that I’ve been scooping up while they are unloved.

            Jun 17, 2017 17:36 AM

            Yup, I sold about 75% of my new Jag position very recently but have now bought it back and then some.

            Jun 17, 2017 17:36 AM

            JAG Jaguar Mining is still one of the most undervalued Gold producers hitting around 100,000 ounces per year that I’m aware of.

            Another one is Blackham Resources out of Australia. They’ve been taken to the woodshed for missing guidance this year a new producer, but their growth profile over the next 12 months is insane. When people wake up and value Blackham correctly it really deserves a big re-rating.

            Of course it is hard to recognize with so many bigger names like Klondex, McEwen and Teranga at huge discounts.

            Jun 17, 2017 17:39 AM

            Another mid-tier Gold producer I’ve consistently had a nice position in is (AR)Argonaut Gold and they’ve been a bit peppier lately as they only have a minimal exposure in GDXJ. Their growth profile and costs are more impressive than their share price would indicate though.

            Jun 17, 2017 17:42 AM

            (R) Red Eagle Mining and (KNT) K92 Mining are 2 more speculative smaller producers that represent good value here.

            I’m also adding to my (ORA) Aura Minerals position as they are another distressed turn around producer in Brazil like (JAG). The Brazil producers and developers have really gotten beaten down bad, and while some may be jurisdiction risk, it would seem much of it is a visibility issue. Thank goodness for inefficient markets. 🙂

            Jun 19, 2017 19:02 AM

            Red Eagle Closes PP Soon and Hits the Ground Running

            Bob Moriarty – Jun 16, 2017

            “Red Eagle (R-T), the parent company and currently the owner of 90% of the shares in Red Eagle Exploration is one of the shining moments of the last 15 years. They succeeded in Colombia in spite of all of the trip-wires and mine fields in front of them during a period when 90% of the juniors in Colombia blew up. As a result, Red Eagle managed to pick up some giant in potential land packages which they spun off into Red Eagle Exploration. I went into the projects in detail in my prior piece.

            With the same management team and being well financed after this placement closes, I expect big things out of Red Eagle Exploration. I know they plan on hitting the ground running. The Vetas property had $68 million spent on exploration already. With a current market cap of $55 million for XR-V, investors are literally getting the other two world-class projects for free. For the fans of silver, the Santa Ana silver project has had limited drilling but results of multi-kilo silver in multiple intercepts. The district contained the highest-grade silver mines in Colombian history…”


        Jun 17, 2017 17:04 AM

        SCZ Santacruz had a nice pop up in the last week or so, and I trimmed a bit of it back as well on the move.

    Jun 17, 2017 17:53 AM
      Jun 17, 2017 17:56 PM

      The Atlantic article is interesting.

    Jun 17, 2017 17:00 AM

    Even the short term bullish case for the miners is still alive:

    Jun 17, 2017 17:39 AM
    Jun 17, 2017 17:03 AM

    These days I am holding Americas silver and a few cobalt stocks. I think USA the stock will finally start to see a relief rally, it has been trading sideways for too long and with their third mine opening in September it should start to get some nibbles. DT

      Jun 18, 2017 18:14 PM

      DT – Agreed. Americas Silver should have a good Fall rally when San Rafael is cued up in Sept/Oct.

    Jun 17, 2017 17:05 AM

    Lots of room in bond market to absorb more T bonds and mortgage bonds which are being slowly sold by Fed reseerve. Look at the recent bump up and then back down in 10 year T bonds . Hey Trump could get a massive tax increase in fed gasoline tax thru congress if most of it goes for Infrastructure spending . We could have 3 or 4 % groth rates in a few months. It takes nerve to advocate an unpopular gasoline tax , but where else is gov going to ge tthe funds for Infrastructure spending ?? Pray for sanity S

    Jun 17, 2017 17:14 AM

    Nato killed Gaddafi……according to email of Hilly………..jdsmineset.
    he wanted gold back money.

      Jun 17, 2017 17:58 PM

      The rumor around Iraq was that the reason the U.S. went in was because it was pushing for a non US backed petrodollar.

    Jun 17, 2017 17:55 AM

    The greatest danger always arises from not knowing what you don’t know.

    It seems to me that we are not quite there yet with cryptocurrencies.
    They are trans-national, but as long as some new person or group can invent a new or better block-chain, they can hardly be described as limited.
    They clearly will be attacked by many countries, but the disseminated nature of the internet and the block-chain storage makes them impervious to attack by EMP and attacks localized to a single country or even several countries.

    I also note the following:
    Self-proclaimed ‘space nation’ Asgardia will launch a satellite later this year to test the concept of long-term data storage in orbit around the Earth. This potentially opens the door to off-planet data and tax havens, according to filings obtained by Motherboard, and represents an important step towards the group’s proclaimed goal of starting a private nation in space.

      Jun 17, 2017 17:00 PM

      At this moment in time, I think that is a bit far fetched.

        Jun 17, 2017 17:00 PM

        Perhaps a bit before its time?

    Jun 17, 2017 17:17 PM

    “It’s not what you don’t know that kills you, it’s what you know for sure that ain’t true.”
    ~ Mark Twain

    Jun 17, 2017 17:33 PM

    About time you cover Bitcoin! And what about altcoins? I am sitting on a pile of profits from Ether and Litrcoin.

    On an unrelated note…

    Jun 17, 2017 17:04 PM

    Off Topic:

    LONDON (AP) — London police on Saturday raised to 58 the number of deaths either confirmed or presumed following the horrific inferno that turned the city’s Grenfell Tower public housing block into a charred hulk.

      Jun 17, 2017 17:21 PM

      Can you imagine if that happened in non-gooberment run housing building??? The lawsuits would be flying…

        Jun 17, 2017 17:39 PM

        But it could not happen in non-government buildings……they, by government edict, HAVE to have sprinklers.

    Jun 17, 2017 17:07 PM

    WASHINGTON (AP) — A key part of House Republicans’ plan to overhaul the way corporations pay taxes is on life support, leaving lawmakers scrambling to save one of President Donald Trump’s biggest priorities and increasing the chances the GOP will simply pass a tax cut instead of overhauling the tax code.

    A proposed tax on imports is central to the GOP plan to lower the overall corporate tax rate. It would generate about $1 trillion over the next decade to finance the lower rates without adding to the deficit. It would also provide strong incentives for U.S.-based companies to keep their operations in the United States and perhaps persuade companies to move overseas operations to the U.S.

    But the tax faces strong opposition from retailers, automakers and the oil industry, and a growing number of congressional Republicans have come out against it. They worry that it will increase the cost of imports, raising consumer prices.

    Majority Leader Mitch McConnell, R-Ky., says there probably aren’t enough votes to pass the import tax in the Senate — not a single Republican senator has publicly endorsed it. And a powerful group of House conservatives says it’s time to dump the idea.

    Jun 17, 2017 17:05 PM

    Dang, you boys see this????

    It looks like the you know what is starting to hit the fan.

    It’s finally starting to happen….a lot of ill noise coming out of corrupt to the core Demonrat run and infested Illinois…The Illnoise melt down has begun…What Illnoise owes for Medicaid alone will eat up 100% of the Illnoise budget.

    Official warns Illinois finances in ‘massive crisis mode’

    CHICAGO (AP) — The Illinois official responsible for paying the state’s bills is warning that new court orders mean her office must pay out more each month than Illinois receives in revenue.

    Comptroller Susana Mendoza must prioritize what gets paid as Illinois nears its third year without a state budget.

    A mix of state law, court orders and pressure from credit rating agencies requires some items be paid first. Those include debt and pension payments, state worker paychecks and some school funding.

    Mendoza says a recent court order regarding money owed for Medicaid bills means mandated payments will eat up 100 percent of Illinois’ monthly revenue.

      Jun 17, 2017 17:06 PM

      Just proves Demonrat progressivism, socialism, fascism…whatever you want to call it…does not work.

      Jun 17, 2017 17:19 PM

      The Illnoise can kicking is about to stop…

        Jun 17, 2017 17:42 PM

        California, New York and Massachusetts are not far behind.
        And, of course, Puerto Rico already defaulted.

          Jun 17, 2017 17:47 PM

          What sweet irony that it starts in Bammie’s home state!

            Jun 17, 2017 17:39 PM

            Of course the commierats are blaming the 1 Republican in the whole state.

            Jun 18, 2017 18:40 AM

            Buy a ticket to the Illinois Lottery?

            They are too broke to pay out.
            Political scum even won’t hold to their own supposed rules.

          Jun 17, 2017 17:53 PM

          Come the revolution, I believe there are many changes that must be made to Government.

          (Not just changes to the mechanics of taxation and economy. We live in the Twenty-first century. For far too long has government been taking freedoms away from the people.
          At the appropriate time, the people will take power back. I believe it is the prime duty of a parent to leave the country (and, if possible, the world) a better place for ones children. Failure so to do is a wasted life.

      Jun 17, 2017 17:29 PM

      Perhaps this is the spark that burns down the whole ponzi scheme, debt based, fractured reserve, tax and spend outhouse are country is based on?

    Jun 17, 2017 17:07 PM

    Thankyou for the interview with Joshua Philipp. Very few Americans have any idea what they did to the Philippine people.

    Jun 17, 2017 17:17 PM

    Arizona Republican senators…..both Flakes?

    WASHINGTON (AP) — President Donald Trump’s decision to reverse some Obama-era Cuba policies landed with a thud among many congressional Republicans who say the new approach surrenders a potentially lucrative market for American goods and services to competitors.

    While anti-Castro conservatives hailed Trump’s partial roll-back of President Barack Obama’s detente, a number of other GOP lawmakers, particularly from farm states, criticized the change as misguided and isolationist. They urged him to ease barriers with Havana that will boost trade and create jobs in both countries.

    Rep. Rick Crawford, R-Ark., said Trump’s shift is more than just a missed opportunity for rural America, which would benefit from greater access to Cuba’s agricultural import market. He said Trump’s policy may put U.S. national security at risk as strategic competitors move to fill the vacuum the uncoupling could create.

    “Further U.S. disengagement opens up opportunities for countries like Iran, Russia, North Korea and China to gain influence on an island 90 miles off our coast,” Crawford said.

    Sen. Jeff Flake, R-Ariz., a frequent critic of Trump during the 2016 presidential campaign, said in a statement that any policy change “that diminishes the ability of Americans to travel freely to Cuba is not in the best interests of the United States or the Cuban people.”

      Jun 17, 2017 17:55 PM

      Maybe the US shouldn’t travel freely anywhere and not trade with anyone. That will make us safe.

        Jun 18, 2017 18:04 PM

        We can change the national bird to the Ostrich. (lol)

    Jun 17, 2017 17:35 PM

    I normally trust reports on ZeroHedge that give hard data.

    So when I saw this:
    which was talking about a series of quakes on Friday up to 5.0 ( Richter scale)
    I thought I’d check them out.

    Latest Earthquakes in the N America Region
    7 earthquakes of magnitude > 4.0, for uniform distribution
    TIP To sort by multiple columns hold shift key and click on second and even third column header.
    Select Language​▼
    (Shows interactive map) IRIS ID
    (Other info)
    16-JUN-2017 00:48:46 44.78 -111.03 4.36 9 HEBGEN LAKE REGION 10227065
    10-JUN-2017 20:38:19 50.75 -129.98 4.8 10 VANCOUVER ISLAND, CANADA REGION 10202422
    02-JUN-2017 03:02:43 23.91 -109.08 4.6 10 BAJA CALIFORNIA, MEXICO 10164110
    23-MAY-2017 05:35:20 27.77 -111.52 4.3 10 GULF OF CALIFORNIA 10160399
    22-MAY-2017 01:35:51 75.08 -72.79 4.6 10 BAFFIN BAY 10159740
    21-MAY-2017 19:33:38 59.76 -136.51 4.1 5 SOUTHEASTERN ALASKA 10159674
    19-MAY-2017 12:09:15 47.70 -127.95 4.1 10 OFF COAST OF WASHINGTON 10158988

    Zerohedge appears to be wrong!

    Jun 18, 2017 18:50 AM

    Greg Hunter and Warren Pollack on Bitcoin:

      Jun 18, 2017 18:41 AM

      Very sobering. Thanks for the link!

      Jun 18, 2017 18:23 PM

      The guest is wrong to use “currency” and “money” interchangeably. He said that BC is not currency and that the dollar is money and is wrong about both. BC and the Federal Reserve Note are both currencies but neither is money.

      One thing is certain, BC should never be compared to gold.

    Jun 18, 2017 18:14 PM

    “Someone’s Going To Jail” Gingrich Warns Mueller’s Russia ‘Witch Hunt’ Too Big To Fail Now

    After the Washington Post-New York Times-CNN axis got the public worked into a lather by effectively trying President Donald Trump and his administration in the court of public opinion, Americans are desperate to see somebody held accountable for…wait…what is it again? Collusion? Obstruction? The narrative changes so quickly, it’s difficult keeping track.

    Enter Former Speaker Newt Gingrich, who told Fox’s Sean Hannity on Friday that the investigators who’ve been hired by Special Counsel Robert Mueller won’t quit until they’ve found their own Scooter Libby-type figure to play the role of political pariah.

    Jun 18, 2017 18:09 PM

    Palladium: Leading Gold, Silver and the Miners?
    Palladium has been on quite a tear for the last couple of months:
    June 18, 2017 – The Hedgeless Horseman

    Jun 18, 2017 18:48 PM

    Klondike Silver with CEO Tom Kennedy
    Silver Lead Zinc Milling Complex in BC
    Jun 8, 2017

    Jun 18, 2017 18:51 PM

    Using Arbitrage to make a lot of Money – Jayant Bhandari
    Cambridge House – Jun 8, 2017

    Jun 18, 2017 18:55 PM

    Exploration, Analysism, Tips & Tricks with Brent Cook
    Cambridge House – Jun 8, 2017

    Jun 18, 2017 18:03 PM

    Heavy snowfall disrupts rescue of workers trapped at Mandalay’s mine in Chile
    The two miners have about three days of air left.
    Cecilia Jamasmie | 3 days ago

      Jun 18, 2017 18:07 PM

      June 14, 2017

        Jun 18, 2017 18:17 PM

        It’s a shame whenever something like this happens and while I’m still hopeful they locate the 2 workers, it isn’t looking good with the lake water rushing in. My heart goes out to all the people working to find their friends and family.

        Mandalay was already severely discounted relative to their peers, but this was an unexpected event that has driven their share price down to levels I really never expected to see. I guess the market and company are still unsure of the damage that has been inflicted by this incident by the regulators in Chile and to the mine itself from the water damage.

        I just haven’t seen many discussing this event, and thought it was worth mentioning. Again, hoping for a miracle here, as they think the 2 workers could have potentially made it to the safe shelter inside the mine.

    Jun 19, 2017 19:26 AM

    June 15, 2017: Anaconda Mining Sells A Record 4,658 Ounces of Gold, Generating Over $7.72M In Gold Sales In the Fourth Quarter
    June 15, 2017 – Anaconda Mining Inc. (TSX:ANX)

    Jun 19, 2017 19:12 AM

    Macquarie Commodities upgrading Pilbara (PLS.AX) and Galaxay (GXY.AX) to outperform.

    Jun 19, 2017 19:34 AM

    1125-1150 gold coming?
    july aug?
    I wonder just how much lower jr miners will move down.

    On the other hand, Russia just told the U.S. they may very well start shooting down american jets in Syria, that might affect the gold price.