Infrastructure Spending, Gold Market Commentary, and a Discussion on Bitcoin

August 12, 2017

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The talk of war between North Korea and the US has dominated the headlines and market commentary all week. We also covered the topic of geopolitics and market moves almost everyday this week (be sure to check out our daily editorials). In this weekend’s show we try to get away from all the political drama and focus on more longer term themes. We hope you all enjoy!

Please email me at anytime with your thoughts on new companies as well as guests and topics you would like to see discussed – Fleck[at]

  • Segment 1: Chris Temple discusses infrastructure spending and the history of how economies grow.
  • Segment 2: An update from Quinton Hennigh, President of Novo Resources on the recent bulk sample that is the talk of the resource market.
  • Segment 3: Head of Global Currency Strategy at Brown Brothers Harriman Marc Chandler shares his thoughts on if Bitcoin is a currency.
  • Segment 4: Peter Boockvar breaks down the recent economic data and looks forward to the next major central bank moves.
  • Segment 5: Agree or disagree with him our first guest Gerald Celente has an interesting take on the situation with North Korea.
  • Segment 6: Charlotte Cuthbertson discusses the President’s progress in the area of reducing illegal immigration along with the serious problem of sex trafficking.
  • Segment 7: Dr. John Huber brings psychological issues into the discussion of the North Korean crisis.
  • Segment 8: Joshua Phillipp of The Epoch Times adds a new dimension to the crisis with North Korea.

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Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

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    Aug 12, 2017 12:13 AM

    Thanks for the show.

    Aug 12, 2017 12:30 AM

    Cheers & thanks for your efforts as always fella’s,
    Much appreciated!

      Aug 12, 2017 12:36 AM

      Yes. Thanks guys… I always look forward to the weekend show.

    Aug 12, 2017 12:37 AM

    Re. Segment 3:
    Marc Chandler knows very little about cryptos.
    There are, in fact, over 700 tokens/coins.
    Since ‎Satoshi Nakamoto’s white paper in 2009 there has been slow and gradual acceptance.
    Less than 1% of the world’s population probably even know about cryptocurrencies yet; we are just in the beginning.

    The majority of cryptos are probably going reach a value of zero, but those with good ideas and development teams will survive, and, of course, BTC has first mover advantage.
    The disadvantages of bitcoin, as in many primary developments, are flaws in the blockchain. The most important flaws are overall control and blocksize which limits its speed.
    The recent successful fork demonstrates its intermediate to long-term viability.

      Aug 12, 2017 12:12 AM

      I agree that crypto currencies are in their infancy. The allure of Bitcoin is that it is a borderless medium of exchange and a store of value, along with the new Internet-specific divisibility down to the nano scale. Durability and speed of transaction are its’ weaknesses. But like gold vs. base metals, there are other altcoins available for other tasks – Litecoin, Ethereum, IOTA, Bytecoin, Monero, etc.

      Get into crypto currencies now! It will be like $1 silver, in my opinion. Yes, there is a learning curve biased towards tech-savvy individuals, especially those with smartphones. But the long-term benefits outweigh the initial pain.

        Aug 12, 2017 12:26 AM

        good points………..Jhpace1

      Aug 12, 2017 12:06 AM

      Ditto on……Marc knows very little about cryptos…….I thought he was all over the place.

        Aug 12, 2017 12:07 AM

        Cory would do well to get Clif High on , if he wants to know about cryptos…….jmo

          Aug 12, 2017 12:22 AM

          Bank America………has filed for over 20 patents on blockchain technology….coindesk

          Russia is going into crypto currencies…………coindesk

          Aug 14, 2017 14:12 AM

          Bix Weir might be more enthusiastic about crypto currencies and silver than Clif High. Clif can be called a source, due to his predictive linguistics, but 1/2 the interview would be the back-story about the web bots, and I’d rather concentrate on precious metals and crypto currencies.

            Aug 14, 2017 14:25 AM

            Both the cryptos and metals……..are a vote against CENTRAL (FAKE) BANKs….

        Aug 12, 2017 12:23 AM

        Marc is dealing in buggy and whips……..

    Aug 12, 2017 12:59 AM

    Not only are there over 700 cryptos, there are, in fact, over 1,050.
    Not all are coins, of course. Many are tokens which represent investment in a company with a block-chain product. More are in development daily.
    BTC is money in that the Bitcoin blockchain is used to provide venture capital to other blockchain applications and technology, in addition to being a major mechanism for transferring capital internationally.

    Aug 12, 2017 12:40 AM

    SEG 2:
    Great interview.
    It would be interesting to hear Brent Cook’s comments as well.
    I understand that he has visited the site. And now has turned from negative to positive.
    I still remember an interview between you, Doc and BC from around Dec 2015, were he was quite sceptical, and did not expect Novo to get much gold out of their land…

    Aug 12, 2017 12:43 AM

    The most promising blockchain platform is the Ethereum platform which to my knowledge has nearly 600 coins/tokens associated with applications.
    Some 529 in various stages of development are listed:

      Aug 12, 2017 12:51 AM

      This is what is confusing people. Ethereum (ETH) is acting both as a bond, raising cash via tokens for new companies, as well as a currency with value in transactions. Many of these crypto currencies have multi-use to them, but most people only want to see what is popular and what is rising like the stock market.

      Aug 12, 2017 12:08 AM

      Since when is Ethereum the most promising blockchain platform?
      Possibly when you purchased it?
      No matter what you say Bitcoin will ALWAYS have first mover advantage.

        Aug 12, 2017 12:30 AM

        I will also add that I bought into Crypto when there was one Crypto Currency.Bitcoin. And I said so right here on the K E Report.
        Where were you?

          Aug 12, 2017 12:57 PM

          I will accept th with it’s particular programing there will probably soon be better platforms than ethereum.
          e.g. NEO which allows use of Java and other languages, but the other block chains are not fully operational yet.

            Aug 12, 2017 12:01 PM

            Solidity is a contract-oriented, high-level language whose syntax is similar to that of JavaScript and it is designed to target the Ethereum Virtual Machine (EVM).

        Aug 12, 2017 12:44 AM

        Please note my use of the word “platform”
        I listed in my citation 529 applications using/proposing to use the ETH blockchaiun platform.
        Many applications use BTC for funding, because of it first user advantage as currency, but use the ETH blockchain for their application.
        Part of this was due to those that control bitcoin dragging their feet over increasing the block size etc. Speed is still a problem with BTC, which will cause it to slowly lose to ETH relatively.

          Aug 12, 2017 12:14 AM

          it is clear that some countries will jump at cryptocurrencies simply because many more people in the developing world have smart phones than have bank accounts.

          Here is one countries entering into the crypto-world with a new currencies, using the ETH blockchain.
          I believe for two reasons:
          Speed of BTC blockchain relative to speed of ETH blockchain.
          Even though both blockchains are open source, the ETH is easier to use than BTC.

          Aug 12, 2017 12:02 AM

          Wrong again CFS.
          That is exactly why Bitcoin just forked. If they need more speed in transactions they will fork again…..again……..again…………….
          And guess what there my friend every time Bitcoin forks yours truly will be acquiring the new crypto for free. BooYah. JKSUPER-8 Thanks Confused.

            Aug 12, 2017 12:52 PM

            And despite the fork it is still slower than LTC.

      Aug 12, 2017 12:51 PM

      What Bitcoin needs to do to become a real Currency

      Ethan Wolff-Mann Thu, Aug 10

    Aug 12, 2017 12:29 AM

    Nothing is going to happen in North Korea…..except the arms dealers are going to make a fortune…….

    Aug 12, 2017 12:04 AM

    I cannot agree with Gerald Celente’s interview. Yes, we need to get rid of the central bankers dictating the US’s international strategy first, but North Korea is showing belligerence towards everybody. Embargo of nuclear proliferation technologies and containment would be my overall strategy, but our military is compromised by political correctness. You cannot “sit down at the negotiating table” with someone trying to construct a preemptive doomsday weapon against you or Mutually Assured Destruction against you. Dictators backed by Communist ideology do not negotiate, because that is seen as weakness by others.

      Aug 12, 2017 12:53 AM

      jhpace N Korea showing belligerence?

      Other than being pushed into retaliating on S Korea who has N Korea ever attacked?

      Now, understanding completely that the americans can kill everyone in your country, knowing they are preparing to do just that, and have had no qualms of invading multiple nations not being concerned with casualties or envirnmental destruction,
      what would you do?
      What do you expect them to do?
      Bow down bend over and prepare for the big one?
      and then say thank you can I have some more?

      How dare N Korea put their country so close to our military bases right?

      People need to think, but that aint gonna happen.

      Lets pray the Chinese stop these sick americans, but maybe we should kill all them too.
      and the Russians,Iranians, Venesualans,Brazilians and on and on

      Ya, greatest nation on earth all right.

        Aug 12, 2017 12:59 PM

        I would do exactly what N. Korea did, EXCEPT I would not be making the bellicose inflammatory statements that tend to goad the US into doing something.
        I would quietly build my rocket and bomb arsenal and keep as quiet as possible.

        What worries me most is the second “communications” satellite that N. Korea launched, that passes over the US twice per day and clearly is NOT a communications satellite.

        Aug 12, 2017 12:26 PM

        Who has North Korea ever attacked? They can’t even use e-mail at Sony Pictures since NK hacked their computers because Kim Jung Un didn’t like a movie they made. They kidnapped Japanese citizens and held them in NK for years. Kim just had his brother murdered abroad. This is a country that maintains a 2+ million man army while millions of their people have died of starvation. A country in which if anyone breaks the law, three generations of his family are thrown into prison camps. And NK does not need nuclear weapons to deter aggression. The 10 million people living in Seoul are already hostages to their artillery. And it’s not like you can offer them an economic package; Japan has been trying to normalize relations with NK for decades, just as they did with South Korea, paying war reparations for their 35 year occupation of the peninsula. They have offered $10 billion but NK is not interested. So good luck negotiating with them. BTW the UN vote of 15-0 to impose sanctions included Russia and China, either of which could have used its veto. With the entire world lined up together on one side, and one country run by a lunatic on the other side, where you got the idea that the Americans are the villains is beyond me.

          Aug 12, 2017 12:07 PM

          Have ya heard what the americans have done/are doing to their own citizens?

          More important to NK is the governments theyve overthrown,countries invaded.

          All my point is and has ever been, is that NK knows who and what the americans are.
          How can NK negotiate with the americans? ask Russia about the deal they made with the americans about not moving east.
          The americans can not be trusted is my point.
          No, the NKs are no angels.

          But some people believe the americans are satan himself.

          I agree with cfs, if I was them I would have developed my weapons much more quietly.
          or tried to, maybe they had to test them the way they did.

          I hope there is a way out of this situation.

          Aug 13, 2017 13:03 AM

          Doubtful North Korea was responsible for the Sony Hack.

            Aug 13, 2017 13:14 AM


            North Korea may be crazy, but it is naive to think there is not a propaganda campaign against them as well.

            According to General Curtis LeMay, about 1 in 5 North Koreans was killed by the US war in the 1950s. Every population center was leveled to rubble. A peace treaty has never been signed. Not so hard to understand some craziness and paranoia from the N. Koreans.

            The N. Korean madman is convenient to US CMIC interests, because he provides justification for bloated military spending and a pretext for the US to further surround China and Russia with missile and anti-missile installations.

            Aug 13, 2017 13:28 AM

            Will World War III kick off this week because of the bellicose actions of a buffoonish leader with a dodgy hair-cut and his sinister nuclear-armed warmongering rogue state? Or, can Donald Trump and the US be deterred?
            Of course, in State Department-friendly Western media, it’s North Korea and its leadership who are routinely portrayed as the nut jobs. But you don’t have to carry a torch for the North Korean government or be a card-carrying member of the Kim Jong-un Appreciation Society to acknowledge that the country’s leadership has actually been behaving very rationally. Because recent history tells us that the best way to deter an attack from the US and its allies is not to disarm, dress up as John Lennon and make statements about how much you desire peace, but to do the exact opposite.

            Consider what happened to Yugoslavia, Iraq and Libya. Like the DPRK, all three were US ‘target states’. And all three were destroyed and their leaders killed.

            Do we honestly think these countries would have been attacked had they possessed nukes or missiles that could reach US targets?

            Of course, Pyongyang’s strategy is high risk, especially with such a volatile individual as Donald Trump – who seems desperate to earn neocon approval to avoid a possible impeachment – in The White House.

            Recent history though suggests that North Korea, by keeping its fists clenched and continuing to indulge in missile ‘willy-waving’ is doing absolutely the right thing.

            The big lesson of the last thirty years is surely that deterrence works. If you’re a ‘target state’ and can’t deter the warmongers in Washington, you’re in grave danger. Just ask the ghosts of Slobodan Milosevic, Saddam Hussein and Muammar Gaddafi.

            Whole article is on RT
            its propaganda Im sure.

            N Korea is not crazy, they have no choice.

            Aug 14, 2017 14:04 AM

            I agree, b–in light of watching the US destroy non-nuclear-armed country after country, it is rational for N Korea to seek to make the cost of attacking it too high.

    Aug 12, 2017 12:32 AM

    Refugee Boats for Sale only $800 to Reach the Land of Plenty

    Alibaba is showing how entrepreneur the Chinese have become responding to a crisis in demand. You can now buy specially made refugee boat if you want to make it to tax-free living in Europe. Better hurry up while supplies last. No passport needed. Just say you are Muslim and from Syria but because of the war you have no papers. For just $800, you, your family or home-boys, can reach the land of handouts and you better hurry up before they go broke and run out of money.

    Aug 12, 2017 12:53 AM

    Is Kim Jung-un Blinking?

    Kim Jung-un in North Korea is refusing to blink yet he maybe. He has turned domestically first in the ongoing crisis and has now announced a massive army recruitment program. An article in a Pyongyang-based propaganda newspaper today declared already more than 3.5 million people had signed up to fight. The newspaper is claiming that millions were “volunteers” including students and former soldiers.
    The truth is that the North Korean army is subjected to absolute obedience to the Kim dynasty. If civilians are scrambling to volunteer, it is also likely that they are malnourished and desperate civilians. Yet this peals back the fact that Kim is blinking.

    Aug 12, 2017 12:58 AM

    Trump Warns Xi: Trade War With China Begins Monday

    As if there weren’t enough geopolitical stress points in the world to fill a lifetime of “sleepy, vacationy” Augusts, late on Friday night President Trump spoke to Chinese President Xi Jinping and told him that he’s preparing to order an investigation into Chinese trade practices next week, effectively launching trade war with China.

    Aug 12, 2017 12:45 AM

    As always a pleasure to come to the site……here’s a Greenstone representative being interviewed about excelsior

    Aug 12, 2017 12:20 AM

    China’s largest gold miner accelerates expansion plans

    Eeugene Gerden – August 11, 2017

    “A spokesman of Russian Platinum said that in recent years the expansion of Chinese mining companies in the global market of platinoids has significantly accelerated, with a particular interest in Russia and South Africa, which have the world’s biggest reserves of these metals.”

    “China currently remains the world’s largest importer of non-ferrous metals and platinoids. The country also ranks the world’s largest gold producer (14.56 million ounces in 2016, which accounts for 14% of global production) and consumer. At present the annual gold consumption in China is by two times higher its annual production, being estimated at 30.8 million ounces.China is also the world’s leading country, in terms of nickel consumption (about 1 million tons, with the volume of imports – about 550,000 tons), as well as platinum (3.8 million ounces) and copper.”

    Aug 12, 2017 12:29 AM

    Good article on the drilling expansion (TK) (TKRFF) Tinka Resources operating in Peru.

    Got Zinc?


    Ayawilca Drilling Solidifies South Zone Resource Potential for Tinka; Zone 3 No Slam Dunk Yet, Chaucha/Valley/West Targets Up Next

    by @CriticalInvestor on August 12, 2017

      Aug 12, 2017 12:56 AM

      Realize it’s an exploration play so zinc prices aren’t the main factor for it but finding all the zinc plays including producers are underperforming vs the zinc price….more so than the copper plays

        Aug 12, 2017 12:51 AM

        Yes, it is the explorers in the Zinc space that have outperformed in some cases the producers or developers, but we see that in many commodities from Gold to Copper to Uranium to Oil.

        Explorers like Karmin Exploration, Tinka Resources, Vendetta, Constantine, Zazu Metals & Pine Point earlier in the year, Foran mining, and Thunderstruck as of lately has started to take off. Red River Resources is an Aussie Zinc developer that has had a very nice last year or so. Also producers like Pasinex, Trevali, Hudbay, etc…. have done very well in the Zinc space compared to most base metal stocks.

        There are Zinc companies that have under-performed so far though, that I feel represent a good buying opportunity like Canada Zinc Metals, Callinex, Heron Resources, Ascendant Resources, Camrova Resources, GTA Resources, GPM Metals, Orosur, Macphersons Resources, etc…..

        I’d say as Copper stocks are a mixed bag. I track over 180 Copper stocks and they aren’t all so rosy, however there were some high flyers like Excelsior Mining (which I know you hold a position in). The ETF COPX is a fairly well balanced one for following the Copper mining sector.

        I’ll post a chart with some of the Zinc explorers, developers, and producers along with COPX and Excelsior just for a visual:,TK.V,VTT.V,CEM.V,ZINC.V,FOM.V,TV.TO,HBM.TO,MIN.TO,COPX&p=5&O=011000

      Aug 12, 2017 12:57 AM

      Tinka Resources Corporate Presentation

      Ayawilca Zinc Project Peru: Targeting Resource Growth in 2017

        Aug 12, 2017 12:00 AM

        It’s interesting to note that (TK) Tinka has an interesting Silver deposit in close proximity to their Zinc/Tin deposit.

          Aug 12, 2017 12:18 AM

          “It’s a Very Exciting Time for Us” – Joe Mazumdar and Tinka’s CEO Graham Carman

          Beneath The Surface – May 5-6, 2017 Metals Investor Forum.

            Aug 12, 2017 12:23 AM

            South Ayawilca drilling could reveal a ‘world class discovery’, says Tinka resources’ Graham Carman
            Published on Apr 4, 2017

            “Dr Graham Carman, chief executive of Tinka Resources Ltd (TK) (TKRFF) talks Proactive Investors’ Andrew Scott through their the first two holes of this year’s 10,000 metre drill program at Ayawilca in Peru.”

            “A17-056 and A17-057 were drilled at South Ayawilca – around 400 metres from the existing zinc mineral resource – and beat the firm’s expectations on the grade and thickness of zinc.”

            ”These grades are pretty spectacular, you don’t get those sorts of thicknesses and grades every day in drill holes”.

            ‘We believe this really could be a world class discovery… we’re confident the resource is going to grow and grow substantially and hopefully get into that world class scale”, Carman says.


            Aug 12, 2017 12:25 AM

            Metals Investor Forum May 2017: Tinka Resources Ltd. (Graham Carman)
            Beneath The Surface – VIDEO Slide Deck presentation: ZINC


            Aug 12, 2017 12:58 AM

            I get the impression you zinc it’s a buy.😉……any thoughts on which play is most likely to attract hudbay in the flin flon area. I originally liked callinex for this but have been disappointed with how things have progressed for them.

            Aug 12, 2017 12:06 PM

            I Zinc you are correct!

            Both (TK) Tinka and (KAR) Karmin in Peru have captured investors interest and they both may really have something large economic deposits. Peru is getting interesting again.


            Callinex was disappointing last year, but they have the right geological model and their drilling so far this year has been better and is ongoing.

            CNX has land all around Hudbay’s Flin Flon processing center and is an ideal takeout candidate for them.


            For reasons I’ve mentioned before I feel that Teck & Korea Zinc may go after acquiring (CZX) Canada Zinc Metals. [they already have a strategic investment in them and several JVs on optioned land that CZX holds.

            I thought Teck may have a go at Zazu Metals but Solitario Exp scooped them up first.


            (TV) Trevali is busy optimizing the mines and assets they picked up from Glencore and are like Glencore’s Mini Me……


            (VTT) Vendetta has been one of my favorite exploration stories in the Zinc space from the land down under and I could see a larger Base Metals company making a move at them. The same thing with (RVR.AX) – a very encouraging Aussie Zinc developer about to go into production.


            Pine Point (formerly Donley Bay) & Fireweed Zinc are 2 newer relaunches of older deposits that I’m keeping my eye on and many investors are enthusiastic on both of them.


            (CEM) Constantine has a great team and improving resource & infrastructure, but I do worry a bit about their permitting process due to some local environmental push back. Still I could see them getting acquired if they get their ducks in a row over the next 1-2 years.


            (FOM) Foran Mining has my attention as a development stage Zinc/Copper company operating in Saskatchewan that the Majors could be interested in.


            (HAN) Hannan Metals in Ireland seems to have gotten the attention of a few different newsletter writers, and it is in interesting zinc district, but most Irish projects don’t end up panning out.


            Thunderstruck exploring for Gold & Zinc in Fiji is pretty unique but not much history of mine development or production there, and likely fierce opposition environmentally as things progress.


            I really like (PSE) Pasinex as a producer but many investors won’t touch Turkey (understandable). However, a larger miner may want to takeover their operations so they are worth following.

            There are about 2 dozen more I’m following in the Zinc space, but those are some of the more prominent ones…

            Aug 12, 2017 12:17 PM

            I’m also still curious to see what happens to Arizona Mining (AZ) (WLDVF) and if they can fix their perception issue in the marketplace now that several newsletters went after their metallurgy and the smelter penalties they’ll entail, along with potential issues on their land if they can’t get permitting to access it or expand operations. Still Arizona Mining (not to be confused with Arizona Silver) could be a takeover for the Major or Mid-tier that is willing to take on the project.

            Aug 12, 2017 12:19 PM

            Nevsun has transitioned from Gold to Copper and now Zinc at it’s Bisha Mine, but they seem to have run into major problems and capital expenses and it as fallen off a cliff in the last 2 months.

            Aug 12, 2017 12:23 PM

            All in all my favorite stock with upside exposure to the rising Zinc price is (USA) (USAS) Americas Silver. They are ramping up to produce a huge amount of Zinc and Lead over the next 12 months, and unlike most companies will absolutely cash in on this trend upward in both Zinc/Lead.

            $USAS Americas Silver – Corporate Presentation
            #VIDEO from European Gold Forum
            April 6, 2017 – Zurich, Switzerland


            Aug 13, 2017 13:59 AM

            So after that long list of pure zinc plays(much appreciated) your favourite zinc play is a silver

            Aug 13, 2017 13:22 AM

            Wolfster – you got it. That should come as no surprise…. (hahaha!)

            They should change their name to Americas Silver & Zinc & Lead Corp 🙂

      Aug 12, 2017 12:18 PM

      Investing in Gold Optionality Plays | Don Durrett Jul 28, 2017

      “Professional mining stock investor Don Durrett of returns to the show to discuss investing in gold optionality plays. In the interview Don shares his approach to optionality plays. He discusses several companies that he is currently invested in and shares thoughts regarding companies that are potential optionality plays. Don has been investing in mining stocks since the early 1990’s. He is the author of “How to Invest in Gold and Silver: A Complete Guide with a Focus on Mining Stocks” which conveys Don’s well-thought out and tried approach to mining stock investing.”

      0:05 Intro of Topic and Guest
      1:06 Options vs. optionality plays
      3:40 Key things to look for in an optionality play
      8:22 Thoughts regarding Gold Mining & First Mining Finance
      10:31 Don discusses various optionality plays
      15:16 Why Don does not like when his optionality plays are bought out
      19:33 Three risks when investing in optionality plays
      21:05 How to get a good entry point for an optionality play
      23:08 Overview of GoldStockData

    Aug 12, 2017 12:38 AM

    World’s largest hedge fund says buy gold as price rally nears $1,300

    Frik Els | 2 days ago

      Aug 12, 2017 12:51 AM

      Need to break…..$1307…or…..$1308.60 is Rick’s reverse pivot, back leg twitch move… 🙂

        Aug 12, 2017 12:06 AM

        Yes, that would be a real hootenanny once Gold breaks on through to the other side.

          Aug 12, 2017 12:10 AM

          “Break on through to the other side”……who sang that?

            Aug 12, 2017 12:10 AM

            Was that the DOORS…….

            Aug 12, 2017 12:18 AM

            The Doors – Break On Through (To The Other Side) – Promo Video 1966


            Aug 12, 2017 12:55 AM

            love it……. 🙂

            Aug 12, 2017 12:56 AM

            that was a great year 1966……..

            Aug 12, 2017 12:57 AM

            I am calling for GOLD to be $1966……year end…….. 🙂

            Aug 12, 2017 12:17 PM

            + 1966

            I believe Gold could make it there in 2019…..

      Aug 12, 2017 12:03 AM

      @Goldfinger – “This will be a new high weekly close for 2017 for $gold”
      — from #index, about 10 hours ago

      @Goldfinger – “$GDX with a real deal close, interestingly its the first weekly close above its 50-week moving average since February. “

        Aug 12, 2017 12:08 AM

        Precious Metals Nearing Breakout


        “The outlook for precious metals has changed quite a bit over the last month. In early July, Gold and gold stocks were weak and threatening severe breakdowns below key levels such as $1200 Gold and $21 GDX. Those moves reversed course and now Gold and gold stocks are threatening resistance. The prognosis has turned bullish and with the help of a correcting stock market precious metals could build on their recent rebound.”

        “Below we plot the weekly bar chart of Gold which is testing critical resistance in the $1290-$1300 area. Gold could close the week at its highest weekly close in 2017, just weeks after breaking its 2017 uptrend. That early July breakdown proved to be a false break as Gold has been able to rally back up to resistance. Gold has broken the downtrend line since 2011 but the most important resistance is $1300. With a break above $1300, Gold could be on its way to a retest of the 2016 high at $1375.”

          Aug 12, 2017 12:12 AM

          Locked and Loaded as the War of Words Continues

          Gary Wagner – August 11, 2017 #VIDEO #TechnicalAnalysis #Charts #Gold #Dollar

          “As of 230 EDT, gold futures basis, the most active Decembers contract, is trading up $6.90 and currently fixed at $1297.00. After trading to an intra-week low of $1257, gold futures came within two dollars of that elusive $1300 per ounce in trading today. Much of today’s gains in gold prices were directly related to dollar weakness, while trading throughout the week was a combination of both buyers bidding up the precious yellow metal, as well as dollar weakness.”

          “Because it seems unlikely that there will be some sort of resolution and peaceful conclusion to the North Korean crisis this weekend, it seems highly likely that recent gains in gold and silver will continue throughout next week.”

      Aug 12, 2017 12:25 PM

      “What, Me Worry?” Markets

      Gary Christenson – GoldStockBull

    Aug 12, 2017 12:40 AM

    Al, you frankly sounded very unprepared for the Gerald Celente interview. His points
    were very much common sense and it seems when he asked what North Korea had ever
    done to the US, you were dumb founded. He is absolutely correct in his analysis of the US
    once again relying on their fear tactics to control. The new boss is the same as the old boss,
    remember that tune? Who is it?

    Aug 12, 2017 12:38 AM

    Soros Clan?

    State Of Emergency Declared In Virginia After Clashes Break Out At Far-Right Rally: Live Feed

    A state of emergency has been declared for Charlottesville due to the fighting, clashes and “chaos” at the rally. Virginia Gov. Terry McAuliffe declared a state of emergency in the city to aid in the local response. He earlier said the Virginia National Guard will be “standing by to respond if needed.”

      Aug 12, 2017 12:20 AM

      Fascists feel empowered by the breakdown in laws at tbe Federal Level and now believe their deviate thinking is endorsed by Washington.

        Aug 12, 2017 12:54 PM

        Deep State threatening president Trump in plain sight…

        Former Mueller deputy on Trump: ‘Government is going to kill this guy’

        CNN counterterrorism analyst Phil Mudd warned that President Trump is agitating the government, saying during a Thursday afternoon interview with CNN anchor Jake Tapper that the U.S. government “is going to kill this guy.”

        Mudd, who served as deputy director to former FBI Director Robert Mueller, said Trump’s defense of Russian President Vladimir Putin has compelled federal employees “at Langley, Foggy Bottom, CIA and State” to try to take Trump down.

        “Let me give you one bottom line as a former government official. Government is going to kill this guy,” Mudd, a staunch critic of Trump, said on “The Lead.”

        “He defends Vladimir Putin. There are State Department and CIA officers coming home, and at Langley and Foggy Bottom, CIA and State, they’re saying, ‘This is how you defend us?’ ” he continued.

          Aug 14, 2017 14:27 AM

          Jack Tapper ….jerk……fake mouth piece who never heard locker trash……

            Aug 14, 2017 14:28 AM

            He must have been in the girly gym at school……

            Aug 14, 2017 14:29 AM

            maybe his mommy would not let him play sports…. afraid to get a head injury…

    Aug 12, 2017 12:41 AM

    Re. Celente in Seg5:

    Been there, done that. Remember Bill Clinton’s effort?

    The problem with many Americans is that they believe the world operates on similar morals and ethics and the Judeo-Christian culture.
    I got news for you Gerald Celente. They don’t.
    In many parts of the world bribes are considered a normal way of doing business.
    In many parts of the world lying and cheating is common.

      Aug 12, 2017 12:00 PM

      Lying and cheating common?
      How is that any different from us?

        Aug 13, 2017 13:35 AM

        Really, b, to imply that bribery, cheating, or lying of any great significance goes on in Western Civilization is in rather bad taste.

        Like Obama and many others have told us, the US is the exceptional and indispensable nation. Its honorable leaders in Washington take that responsibility very seriously; their word is their bond, and their virtue is not for sale. If the Afghans, Iraqis, Libyans, Syrians, Ukrainians, Yemenese, North Koreans, etc. can’t put themselves in the shoes of US leaders and understand that this is all for the greatest good, then they’re not team players, and that’s their problem. Most likely because they don’t operate on the morals and ethics of the Judeo-Christian culture.

    Aug 12, 2017 12:53 AM

    As crazy as Lil’ Kim may or may not be, I think he understands Mutually Assured Destruction. (MAD)
    He needs to be TOLD that if a single American dies as a result of his actions, then the area around him specifically will become a thirty miles wide smoking crater. He will be targeted specifically, regardless of historical conventions.

    I think, that crazy or not, Lil’ Kim values his own life most highly.

    Aug 12, 2017 12:08 PM

    CFS, Kim understands the americans could invade and or bomb him at any moment.
    He knows they need no excuse, he has seen it happen all around the world multiple times as well as to his own country.

    Dont think for a minute he believes he comes any where near close militarily to the U.S.
    If it happens he knows he and most of the population is dead.

    He understands completely with or without Trumps blustering.

    I ask earlier, what do you expect him to do?

    He is doing the only thing he can do, attempting to make an american invasion as costly as he can to the americans and their vassals.

    Would you give up your country without lifting a finger?

    Aug 12, 2017 12:05 PM

    I answered above.

    I just believe it is not a good idea to poke a sleeping giant with a stick.

    Aug 12, 2017 12:26 PM

    James Comey made $6 million dollars while at Lockhead Martin,, which had contracts of $36 Billion during Clinton”s state dept stay……………..war pays…… to play……

      Aug 12, 2017 12:13 PM

      ootb……Yes, but i’m sure i gave it all away to the poor starving babys in Africa.
      sarc off………….
      Hopefully the corrupt bastard dies in agony………..
      Pissed off with with all these evil scum bastards.

        Aug 12, 2017 12:23 PM

        Ditto……Well said………Mr. Irish….hope all is well

    Aug 13, 2017 13:20 AM

    Looking at the 1 year bitcoin chart, one word… ludicrous!!!! If thats not parabolic, i dont know what is. Not to say it hasnt finished either

    Aug 13, 2017 13:55 AM

    You should post a link to what your looking at.
    The first thing that comes to mind reading your post is “You Aint Seen Nothing Yet” Bachman Turner Overdrive Circa 1974.
    In the final week of 2016 there was about 16,066,000 Bitcoin already mined , with 4.934 million left to be mined. The final Bitcoins will be mined around 2140.
    As I’ve said before the “easy” Bitcoin has already been mined. The computer power to mine the final Bitcoin is astronomical.We might even see a case were people are leasing time on their computers for the mining of Bitcoin.
    People think that Bitcoin is expensive now, were in reality it is still cheap.
    All I can say is “Let It Roll” More BTO, CIRCA 1974.

      Aug 13, 2017 13:03 AM

      That should read “The computer power required to mine the final Bitcoin is astronomical”

      Aug 13, 2017 13:42 PM
        Aug 13, 2017 13:21 PM

        Thanks Oz :
        Eventually Bitcoin is going to correct again but I don’t have clue as to where.
        Bitcoin has caught a lot of smart people off guard as have the other cryptos.
        I have stated before that I haven’t sold any Bitcoin nor do I intend on it.Now with the fork I can sell the new crypto as need be.
        The chart does not bother me as I have seen stocks that have risen more than that on a percentage basis overnight.
        One that always comes to mind when Noront Res discovered Chromium in the James Bay.
        We have nothing to compare Bitcoin to so I don’t.
        The part I find fascinating is the ones that don’t own any of the Cryptos never have a positive outlook for the future of Cryptocurrency.
        Some times you just have to suck it up and admit you missed the boat.
        This isn’t little league soccer where everybody gets a trophy.

          Aug 13, 2017 13:29 PM

          Ohh absolutely John. I dont own any bitcoin or other cryptos but dont have any sour grapes towards them. On the contrary, I believe they have many benefits. Its just I wasnt comfortable purchasing at the time and now am a happy bystander witnessing the upwards price as the proverbial up yours euphemism towards banks and governments.

    Aug 13, 2017 13:18 AM

    DANG………..BITCOIN……..$4190……… Asia

      Aug 13, 2017 13:19 AM

      Headed to $13,000 next yr?…….per Clif

        Aug 13, 2017 13:01 AM

        Cliff might be a little “High”

          Aug 13, 2017 13:39 PM

          :)………in deed………

    Aug 13, 2017 13:32 AM

    There’s a key to Lithium’s future inside a shipping container

    11th August 2017 – Bloomberg

    Aug 13, 2017 13:33 AM

    Good stuff Shad.
    Investing in Technology is tricky,one day it’s the new big thing and then it’s yesterdays afterthought.
    The battery sector is moving at lightning speeds and the advances has been truly amazing.
    Investing in the materials associated with battery technology has proved challenging as well.
    Money invested in the major producers has been a profitable endeavor but now it looks like they are faltering along with the General Stock Markets.
    I’ve been reading where sodium,and the technology with salt could start playing a part in the battery technology,thus alleviating the problems experienced with Lithium Batteries and fire.
    Cobalt as a player seems to have caught traction ,but I wonder how much of a part hedge funds are an influence.
    I recently have put a portfolio of Nickel explorers on “watch” as I think nickel will start having a bigger part also.
    For me me Zinc is where its at.Not only for batteries but also fertilizer for the cereal crops,wheat,rice,maize for example and also as an essential nutrient in child development. In 2012 it was estimated that approximately 800,000 deaths per year were attributable to Zinc deficiencies.
    Tight funding back in 2012-13 forced juniors to partner with the majors to bring projects on line ,which in effect can also constrain the supply as the majors can control the tonnage sent to market to effect price.Who said the Federal Reserve was the only one who does this?This being said when demand eclipses supply the conclusion is simple enough.Prices are going up.

      Aug 13, 2017 13:00 PM

      Thanks JohnK. Lots of great points in your response, but yes, I agree that Zinc is where it is at for multiple reasons (far beyond battery tech…. because it is the Chines and global steel demand that needs the galvanizing capabilities of Zinc for new construction).

      As for Lithium & Cobalt, I still see great value in about a dozen companies in each sector but the rest of the 80-90% of companies are food for the dust bin of history.

      I’ve read a few pieces on both salt reactors and salt batteries and that will definitely be a trend to keep tabs on.


    Aug 13, 2017 13:09 AM

    Nickel explorers trading under a dollar.
    INV Metals Inc.
    Sherritt International
    Eloro Resources
    Lara Exploration
    Globex Mining
    Gobimin Inc
    Corerstone capital
    Anfield Gold Corp
    Strategic Metals Ltd.
    Sirios Resources
    Callinex Mines
    Noront Resources
    Monarques Gold Corp
    Mines De Vallee
    Aldridge Minerals
    Beaufield Resources
    Royal Nickel Corp
    Sama Resources
    Tintina Resources
    Wallbridge Mining
    Northern Shield

      Aug 13, 2017 13:04 PM

      Good list John K I had a Nickel conversation going on today on and while there is overlap we can combine these 2 lists into a solid Nickel watch-list.

      The largest is in Norilsk Nickel in Russia. BHP & Rio are getting in the mix and there are a number larger commodity conglomerates with some nickel exposure. Here are a few others lessor followed companies with some #Nickel exposure:

      Metals X, Nickel One, Sherritt Int’l, First Point Minerals, Fortescue Metals, Noront Resources, Western Areas, Wallbridge Mining, Wellgreen Platinum, Mincor Resources, Independence Group, Panoramic Resources, Polymet Mining, Transition Metals, and maybe even Northern Shield if they hit some during their exploration work this year.” — from #mbgtrends, about 4 hours ago

    Aug 13, 2017 13:29 AM

    Doc’s call that so goes JNK so goes the market is spot on’.

    Aug 13, 2017 13:03 AM

    For the newbees.
    All along I realized that spreadsheets were going to be a part of the work associated with trading.For some odd reason I was always reluctant to purchase Microsoft Excel and learn it.
    Upon purchasing Excell Basics in 30 minutes by Ian Lamont.(about ten bucks on amazon)
    In the book I learned that Google has a spreadsheet program for free.Just type in .com.Ian Lamont has another book “Google Drive & Docs in 30 Minutes which is a good companion to the about 10 bucks on Amazon.(the used copies are even cheaper)

      Aug 13, 2017 13:47 PM

      JKSuper8 – I’ve always utilized Excel spreadsheets and have dozens of them color coded and stacked up on my desk at any one time with hand written notes, etc.. for their revisions and more data. I’ve seen the Google drive and drop box etc… but haven’t ever really utilized it, but thanks for bringing it to our attention. Part of being able to follow more companies, sectors, etc… is to stay incredibly organized and to have a systematic approach. How some traders try to do everything off their memory alone is beyond me.

    Aug 13, 2017 13:30 AM

    Everybody in a tizzy about North Korea .My question is why do we keep selling weapons to these people?

      Aug 13, 2017 13:53 PM

      DEEP STATE……..making a killing(bad choice of words)………

    Aug 13, 2017 13:49 PM

    Microsoft and etherium about to unseat Amazon cloud……….zh……could be HUGE….. 🙂

    Aug 13, 2017 13:13 PM

    Gold is spiking as North Korea tension rises — but if war breaks out things could change

    Business Insider – Jonathan Garber – August 11, 2017

    Aug 13, 2017 13:49 PM

    One more of the many interests of G. Edward Griffin – cancer cures

      Aug 13, 2017 13:57 PM

      Don’t drink public tap water………

        Aug 13, 2017 13:37 PM

        Thanks for posting the video CFS.
        Very informative and interesting .I especially took notice when Mr. Griffin talked about Caribou and Salmon Berries.
        Western Alaska this time of year is abundant with Blackberries,Blueberries and Salmonberries.
        Of the three, Salmonberries were always the most highly sought after and hardest to get.
        Could it have been due to the Nirilocides?

    Aug 13, 2017 13:26 PM


    Aug 13, 2017 13:41 PM

    CFS :
    For the record I’m very bullish on Etherium ,but my Bias is with Bitcoin.Yes because I own Bitcoin.
    I can remember Etherium at $9 and didn’t buy any because I didn’t fully understand the impact the cryptos were to have.
    It will be interesting to watch when the next big scare comes for the cryptos what the percentage drops will be.
    This last one for Ethereum a third of it’s value was shed .It has since regained it,but my point is that Bitcoin did not lose as much on a percentage basis.
    I distinctly remember this because my friend that steered me to Bitcoin was trying to convince me to take some Bitcoin and put it in Ethereum. This was before the fork and I’m glad I didnt.
    None the less CFS I think we will both be fine owning Bitcoin or Ethereum.
    Correction…..Tulip Bulbs and Beanie Babies.

    Aug 13, 2017 13:00 PM

    Originally Bitcoin was used on the Rogue website”the Silk Road” which was a site for buying illegal drugs and soliciting assassination.
    The U S Government raided the site,made arrests and confiscated Bitcoin from some of the people running it.
    Later the U S Government conducted an auction and sold the Bitcoin.
    That Bitcoin in todays value is worth a small fortune, and of course our Government sold it for pennies on the dollar.

      Aug 13, 2017 13:19 PM

      I put some more info on

      It looks like the US is beginning to go after exchanges.

      I like BTC, LTC, ETH and NEO at this time, but have not bought more.
      Because the US currently does not recognize cryptos as “currencies” but as “investments”,
      I have decided to buy more cryptos, but outside the US, for legal and safety reasons. I will be going to Europe to do this next month.

        Aug 14, 2017 14:28 AM

        Thanks CFS:
        The U S Government and others can do what ever they want. At this point Cryptos have gained so much traction that they are a worldwide phenomenon and the coordinated effort to regulate them just isn’t going to happen. Sure individual governments will try,but people will do just what your doing and purchase them out of the country.The first thing that comes to mind is the Cayman Islands.
        Another thing is that actions against individual freedoms by Governments is being questioned more and more. With the advent of the Internet things have changed.Either its time for you to change or join the dinosaur parade.IMHO

          Aug 14, 2017 14:59 AM

          I may be wrong, but it would not surprize me if all exchanges inside the US run into both IRS problems and find it impossible to change cryptos into US dollars. With the limit of $10K on physical safe money movement on air flights and banking, this may become a problem.

            Aug 14, 2017 14:05 AM

            MILWAUKEE (AP) — A British cybersecurity researcher credited with helping curb a recent worldwide ransomware attack is expected in court Monday to hear federal charges accusing him of creating malicious software to steal banking information three years ago.

            Marcus Hutchins could enter a plea during the hearing in Wisconsin federal court, where prosecutors charged him and an unnamed co-defendant with conspiring to commit computer fraud in the state and elsewhere. Authorities arrested the 23-year-old man on Aug. 2 at McCarran International Airport in Las Vegas, where he was going to board a flight to his home in Ilfracombe, England. He had been in Las Vegas for a cybersecurity convention.

            Aug 14, 2017 14:23 AM

            Take your code,go buy a Greek Island. Remember to call Shad.

    Aug 13, 2017 13:06 PM

    Regarding Gerald Celente’s comments on N Korea, I disagree.

    I think Celente’s views on N Korea are valid up until say last year.

    But now he’s arming missles with nukes, and threatening US territories – Guam – and as a US patriot, I think that’s way, way over the line. I think how Trump is addressing this by challenging China to engage and fix is correct. But have no doubt, the N Korea leader is a fanatic, and there’s no reasoning with him.

    I’m 100% for the US and the US military on this. If you threaten us, you deserve to be taken out.

    I hope and trust that the US will continue to negotiate, and will be respectful of how the S Koreans feel, and also remember that most of the citizens of N Korea are innocent and need to be protected as much as possible.

    But I am 100% pro US and pro Trump on this.

    Aug 14, 2017 14:33 AM

    The DOORs …..are slammed shut……No break through to the other side …
    Gold down, but not out……..

    Aug 14, 2017 14:42 AM

    Dolly Varden has had three weeks of continued rise in the stock ,now we see why.
    Here are some more in the Silver Sector with three weeks continued strength in the stocks.
    Bayhorse Silver
    Silver Grail
    Viscount Mining
    Defiance Silver
    New four month high in the Silver Sector:
    Silver Predator
    Bayhorse Silver
    The price action in the Silver Sector last week was very positive with the Jr explorers with no production lagging those with production.
    With continued strength in the price of Silver I would expect to see the Jr Explorers with no production to catch up in the next two weeks.

      Aug 14, 2017 14:39 PM

      The move lately in Bayhorse has been very interesting, and it is based on their success using the ore-sorting machine.

      Aug 14, 2017 14:32 AM

      $4230………….look out……train is leaving the station…….