Hour 1 – Upbeat US Data Stagflation, and Resource Stock Hot Spots

April 20, 2019
Full Hour 1

Well it was another sideways week for many sectors, including the US markets. Unfortunately the gold stocks started to get hit in the last couple days of trading this week but are still very much within this long term range.

Please keep in touch by emailing me at I love hearing from all of you! And everyone have a great Easter Long Weekend!

  • Segment 1 – Marc Chandler, Managing Partner at Bannockburn Global ForEx recaps some US economic data that surprised to the upside. We also look to Europe and its recent weak data.
  • Segment 2 – Nichols Pardini, Managing Partner of The Davos Investment Group shares his thoughts on stagflation and the situation the US is in.
  • Segment 3 – Byron King discusses a recent report out of the Mackenzie Institute regarding a significant decline in reserves on the books of major mining companies.
  • Segment 4 – Chris Taylor, President and CEO of Great Bear Resources updates us on the recent announcement of doubling the current drill program to 60,000 meters. Click here to visit the Great Bear website and read the news on the updated drill program.

Marc Chandler
Nichols Pardini
Byron King
Chris Taylor – Great Bear Resources Update

    Apr 20, 2019 20:10 AM

    Thanks for the weekend show guys as always.
    Much appreciated.

    Apr 20, 2019 20:06 AM
      Apr 20, 2019 20:34 AM

      Lithium use in electric cars sold around the world surges 76%

      Frik Els – April 19, 2019

      “Battery metals tracker Adamas Intelligence says that in February 2019, 76% more lithium carbonate equivalent (LCE) was deployed worldwide in batteries of new electric, plug-in hybrid and hybrid electric passenger vehicles compared to the same month last year.”

      “The Dutch-Canadian research company, which tracks EV registrations and battery chemistries in more than 80 countries, says among all metals and materials found in EV battery cathodes, lithium use saw the greatest gains.”

        Apr 20, 2019 20:45 AM

        Automakers invest heavily in electric vehicles despite still-low demand

        Reuters | about 18 hours ago

        “Officials said their companies are charging ahead with a flurry of new electric vehicle (EV) models, citing rising regulatory requirements globally.”

        “Last year, only about 2 percent of U.S. auto sales were comprised of full electric or plug-electric hybrid models, with Tesla Inc accounting for more than a third of those sales. The United States ranks seventh in EV sales as a percentage of overall sales, according to the International Energy Agency.”

        “Michelle Krebs, analyst at online marketplace Autotrader, expects EV sales to remain relatively modest until charging infrastructure, prices and battery performance improve.”

    Apr 20, 2019 20:31 AM

    Done deal: Newmont Goldcorp becomes world’s No. 1 gold miner

    Cecilia Jamasmie | 2 days ago

    “Newmont Mining’s $10 billion acquisition of Canada’s Goldcorp closed Thursday, giving rise to Newmont Goldcorp Corporation (NYSE: NEM)(TSX: NGT), the world’s largest gold producer by market value, output and reserves.”

    “The mammoth company, to be led by Gary Goldberg until the end of the year, will mine in the Americas, Australia and Ghana, producing between 6 and 7 million ounces of gold annually over the next ten years and beyond.”

      Apr 20, 2019 20:48 AM

      These Charts are a Big Reality Check for Gold Mining Stock Bulls

      Frik Els | (04/192019)

      “Despite a widely held view that gold should be trading north of $1,400 this year, since the February peak well short of that target, prices have gone in the other direction.”

      “Gold mining stocks have fared slightly better after a flurry of mergers and acquisitions at the top end rekindled interest in the sector despite the lacklustre performance of the metal and all those burnt fingers from the M&A frenzy during the boom years.”

      “A new report by McKinsey asks: “Can the gold industry return to the golden age?” The way to do this, according to the consultancy, is by solving the “looming reserve crisis.”

        Apr 20, 2019 20:19 AM

        (ROXG) (ROGFF) Roxgold and (NCM.AX) (NCMGY) Newcrest close deal on Séguéla project in Côte d’Ivoire #IvoryCoast Editor | (04/18/2019)

        “Roxgold announced Thursday that the deal to acquire from Newcrest a portfolio of 11 #exploration permits in Côte d’Ivoire, including the Séguéla #gold project, has completed. Séguéla is Roxgold’s second major project after the Yaramoko gold mine in Burkina Faso, also in West Africa.”

    Apr 20, 2019 20:51 AM

    AnthonyCFA @tonycfa

    #Futures $CRB #OATT #Commodities vs $SPY 👀

    “Measuring commodity prices vs. S&P 500 shows that we are approaching a 100-year low valuation. The only other periods that have approached today’s level of commodity ‘cheapness’ was in 1929 and 1969.”

      Apr 20, 2019 20:34 AM

      Germans holding record amounts of Gold

      Deutsche Presse Agentur – April 16, 2019

      “:Households in Germany have lifted their holdings of gold, meaning, along with the central bank, the country now holds 6.5 per cent of worldwide gold reserves.”

      Apr 20, 2019 20:51 PM

      David Miller – A Recovery for Uranium is Now Unfolding

      @PalisadeRadio on 19 Apr 2019

        Apr 20, 2019 20:11 PM

        Russell Fryer: Fund Manager Talks Favorite Uranium Stocks & Why Sector Is Ready To Move

        Palisade Radio – Feb 21, 2016 #AudioInterview

          Apr 20, 2019 20:16 PM

          Republicans Can Own The Libs on Climate Change By Defending Nuclear Plants On The Brink

          Michael Shellenberger Apr 18, 2019 – Forbes

          “In February, when she introduced her Green New Deal, Rep. Alexandria Ocasio-Cortez called for a “transition off of” nuclear, America’s largest source of clean, zero-emissions energy.”

          “Last Monday, at a televised Fox News Townhall meeting, Sen. Bernie Sanders reiterated his call for the closure of nuclear plants.”

          “Now, Democratic lawmakers in Pennsylvania and Ohio are fighting legislation that would save both states’ nuclear plants, and prevent a spike in carbon emissions.”

          “If Democrats get their way, nuclear plants, which constitute 90% of the clean (zero-emissions) electricity in those states, will be replaced by coal and natural gas, and emissions will rise.”

          “Republicans have thus been presented with a major opportunity to attack Democrats on their main strengths with suburban swing voters: climate and the environment.”

          “How can Democrats claim climate change will destroy the world in 12 years while seeking to replace nuclear plants with fossil fuels?”

          “The answer is: “Because Republicans are letting them.” And there is no good reason for this.”

          “Republicans, including President Donald Trump, have long supported nuclear for reasons that have nothing to do with the environment. Mostly this is because the Republican party simply remained pro-nuclear after Democrats turned against the technology in the 1960s.”

          “Beyond denying Democrats one of the main issues for mobilizing their base, nuclear-for-the-climate might help Republicans win over moderate swing voters especially Millennials who care about the climate but think Democrats are too ideological in their opposition to nuclear.”

          “Those voters could determine the 2020 presidential election…”

            Apr 20, 2019 20:22 PM

            The Nuclear Energy Industry Goes MAGA to Win Over Trump

            A U.S. uranium company set up shop at CPAC and started spreading Clinton scare stories.

            Lachlan Markay – 03.03.19 – TDB

            “The Texas-based Uranium Energy Corporation posted up in the exhibition hall of the annual conservative confab this week, where it courted conservative activists, radio hosts, and at least one senior White House official with its pitch to crack down on foreign competition in the name of national security.”

            “Specifically, the company is pressing the Department of Commerce to impose quotas on uranium imports that would carve out a quarter of the market purely for domestic producers. The department is scheduled to present its findings to President Trump in April, when he will decide whether to invoke his authority to impose “national security” trade restrictions.”

            “A Canadian company, Uranium One is a major uranium importer to the U.S., which pits it against UEC’s policy agenda. It is also a boogeyman for conservatives, who believe that then-Secretary of State Hillary Clinton shepherded its acquisition by Rosatom, a nuclear energy company owned by Russia’s state atomic energy agency, after Uranium One’s chairman donated millions of dollars to her family’s foundation.”

            “People who say that’s exaggerated or there’s nothing there—there’s definitely something there,” Melbye said. “As an American, I’m outraged at that whole episode.”

            Melbye, who was Uranium One’s top marketing officer until 2014, called the Rosatom acquisition, and Clinton’s role in it, “bizarre.”


          Apr 20, 2019 20:25 PM

          U.S. Agency Submits Uranium Import Probe to White House

          April 15, 2019(Reuters) –

          “The U.S. Commerce Department told Reuters Monday it has submitted the results of a national security investigation into uranium imports to the White House.”

          “The “Section 232″ probe was prompted by a petition filed by two U.S. uranium mining companies, Ur-Energy Inc and Energy Fuels Inc, complaining that subsidized foreign competitors have caused them to cut capacity and lay off workers. U.S. nuclear power generators oppose the federal government against taking action and have argued tariffs or quotas would increase costs for the struggling industry and possibly cause some reactors to shut.”

        Apr 20, 2019 20:30 PM

        The Mike Alkin Show Episode 52 | March 12, 2019 #AudioInterview

        A master class in Uranium… and the best risk/reward setup I’ve ever seen

    Apr 20, 2019 20:16 AM

    I am a fundamentalist, not a chartist, not because I don’t believe in charts, but I’m old and started investing in stocks about 60 years ago, when charting involved hard work plotting the data by hand.
    I believe charts do indeed, state information about a stock and thus provide some prognostication for prices.
    I also believe that the biggest mistakes that fundamentalists make is to come to the market with preconceived ideas and believe that stocks must conform to those ideas.
    I do believe, however, that much information is carried in price AND momentum data.
    E.g. I do believe that the gold/silver price ratio is telling us something.
    Many interpret that message as saying the price of silver is cheap.
    It may be true that silver is cheap, but I believe that is not the whole message.
    I believe the gold/silver price ratio is as high as it is (much higher than historical norms) because it is telling us that banks are going to significantly revalue gold in reserves as a way to solve a future liquidity crisis. We know China and Russia are trying to buy gold as fast as they can without driving the price high fast enough to cause everybody to take notice. Other countries such as Italy, Germany are trying to ensure return of their gold into their home countries. The writing is on the wall.

      Apr 20, 2019 20:27 AM

      There is value to Technical Analysis and there is value to Fundamental Analysis. Both have their place in both longer term buy & hold investing, and shorter-duration swing trading.

      Technical analysis assists with spotting directional turns in money flows, volume, trends, momentum, targets, and not surprisingly the language of the universe is mathematics and geometry (including human behavior patterns).

      Fundamental Analysis points out a cashed up or cash starved companies, share structure, when a financing will need to be done, good or bad drill results or soil samples or trenching, permitting wins, implications of potential or on-going takeovers and mergers on companies or on an area play, and so on….

      Either type of analysis is valuable, and at given moments the technical pattern or pricing set up or the fundamental news cycle can swamp the other type of analysis.

      Apr 20, 2019 20:13 PM

      I believe silver is cheap because few think that gold is going up anytime soon. If the banks were going to revalue gold significantly, I think silver would be well-bid in anticipation. Silver is a tiny market that will greatly exaggerate gold’s moves no matter the reasons for them.

      Apr 20, 2019 20:08 PM

      Gold has retraced half of its Nov-Feb rise and is at a YTD low. Is this breakdown as bearish as it looks? Maybe, but I think we’re very close to a bounce that will give us some clues.
      The three blue lines on the following chart are parallel to one another with the angle being set by the top one.

    Apr 20, 2019 20:22 AM

    Ira Epstein’s Metals #Video (4/18/2019)

    #TechnicalAnalysis #Gold #Silver #Copper #Platinum

    Apr 20, 2019 20:44 AM

    RE Seg 2. “Inflations been between one to two and a half percent the last five years.”

    Anyone who believes that is just clueless.

      Apr 21, 2019 21:55 PM

      REAL CLUELESS…………..what a joke………been saying that for years….what a bunch of morons…..

    Apr 20, 2019 20:20 AM

    The #Cannabis Industry Is Poised for Its biggest 420 Yet
    Yahoo Finance Emily McCormick and Alexis Keenan – April 19, 2019 #PotStocks

    “..the U.S. passed the 2018 Farm Bill removing industrial hemp from the list of Schedule I drugs. Canada fully legalized recreational adult cannabis use. To date, 10 states and the District of Columbia have legalized adult use cannabis, while 33 states and D.C. have approved medical #marijuana.

    According to Denver, Colorado-based software company Flowhub, cannabis companies should prepare for heavy sales, especially given that this year the holiday falls on a Saturday.

      Apr 20, 2019 20:24 AM

      All these 420 holiday festivities today are going to lead to a hankering from those celebrating to break into that Easter candy a day early…. 😉

      So a secondary benefit may be the snack industry and restaurants today, as the celebration of marijuana turns into the munchies. (lol)

        Apr 20, 2019 20:44 AM

        Corona and Canopy: A mix of beer and pot that could juice your stock portfolio

        MarketWatch – Philip van Doorn – April 20, 2019

        “Constellation Brands is boosting its U.S. beer business while betting that marijuana products will deliver big sales”

        “Constellation Brands STZ, +3.77% produces beer, wine and liquor in several countries, and its Corona and Modelo beer brands are growing in the U.S., while competitors are suffering. Constellation, based in Victor, N.Y., agreed earlier this month to sell about 30 of its lower-priced wine and spirits brands to E. & J. Gallo Winery for $1.7 billion.”

        “Tapping into a fast-growing industry, Constellation now holds a 36.6% stake in Smiths Falls, Ontario-based Canopy Growth Corp. WEED, +4.43% CGC, +3.99% with warrants that enable it to increase its stake in the largest publicly traded U.S. or Canadian marijuana company to more than 50%.”

      Apr 20, 2019 20:41 AM

      3 Surprising Targets for Increased Marijuana Advertising Spending on 4/20

      Motley Fool Keith Speights – April 20, 2019

      1. Pet owners – “Adloop found that advertisers are boosting their spending on pet owners by more than 125% compared to last year. In particular, companies are promoting pet treats that contain cannabidiol (CBD).”

      2. Moms – “Advertising focused on mothers has soared more than 150% in the months leading up to 4/20 in 2019 compared to the same period in 2018.”

      “What products are companies hoping moms will purchase? Adloop’s data showed that the top products were CBD oils for helping alleviate anxiety, nausea, migraines, and insomnia.”

      “But there’s also an increased focus on CBD products for physical fitness. ”

      3. Baby boomers – “Adloop’s study found that baby boomers ages 65 and up are “flocking to CBD products in incredible numbers.” CBD advertisers are spending more than 75% of their total market budget on marketing to individuals in this group. Adloop said that advertisers on its platform spent only $50,000 on older Americans last year, but in 2019, that figure has skyrocketed to around $1 million — a whopping 1,900% year-over-year jump.”

        Apr 20, 2019 20:47 AM

        Top Marijuana Stocks to Watch

        BY MRINALINI KRISHNA – Jan 14, 2019

        “Global spending on legal cannabis is expected to grow 230% to $32 billion in 2022 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. The research projects a majority of that, nearly $23.4 billion will come from the United States. In context of more states voting in favor of marijuana use legalization and business interest sparking across the board, that definitely would make sense.”

          Apr 20, 2019 20:50 AM

          Here is a pretty good watchlist of Cannabis and Pot stocks to invest in that my buddy @evenprime put together. It’s a good starting place to find many of the bigger names in this soft commodity sector.

            Apr 20, 2019 20:49 PM

            It’s a nice list Ex but I will point out 2 that are not on the list that right now are my 2 largest pot holdings and I’ve been doing well in this sector cuz I have someone very knowledgeable in this sector steering me in the right direction…they are Slang Worldwide and Planet 13

            Apr 20, 2019 20:04 PM

            Thanks Wolfster. Yes, I’ve heard some chatter on Planet 13 but not Slang Worldwide.

            Are there any others on the list you’d point out. I know about the bigger ones like Canopy, Aphria, Green Organic Dutchmen, etc… but just curious if there are any up and comers you like, and why they stand out from the rest of the herd in your opinion.

            Apr 20, 2019 20:10 PM

            Well Ex as I look at the list what I’m noticing is that there is a few MSO pot plays missing and that’s where the next wave will be I believe….origin house(previously cannaroyalty) was recently bought by cresco labs…right now origin trades at a 15% discount to the share buyout price. I’m looking to get back in eventually closer to the merger closing. It was the first buy out for over 1B btw…Harvest Health and recreation inc is another one to look at and the other 2 I mentioned…….slang is affiliated with canopy btw..note the canopy buyout of acreage too.

            Apr 20, 2019 20:06 PM

            Thanks Wolfster. I’ll look into those as well, and really appreciate the feedback.

            Ever Upward!

            Apr 21, 2019 21:19 PM

            Forgot to add that Slang is run by same guys who ran Mettrum which was bought out by canopy as well

            Apr 21, 2019 21:12 PM

            Don’t know why it didn’t post but I added that Slang is run by same guys who ran Mettrum. They were bought out by Canopy as well

    Apr 20, 2019 20:06 PM

    Not Your Average Gold Bull (w/ George Milling-Stanley) | Expert View

    Apr 21, 2019 21:47 PM

    Some great comments from…..GATA…….concerning gold and the fed

    Apr 21, 2019 21:50 PM

    Comments from GATA……the miners do not care about the manipulation, only their jobs , corporate officers that is…..and the stock price. Which is where we are The Fed getting a discount to play in the commodities market, from the CME…….
    CFTC, …stinks

    Apr 21, 2019 21:53 PM

    Commodities are rigged…….and the Fed is going to favor the stock market with their buying……according to GATA

    Apr 26, 2019 26:21 AM

    How do you download the podcast on this site? I used to be able to but haven’t been for quite some time. Where’s the MP3 download link? Thank you:).

      Apr 26, 2019 26:15 AM

      Hey Brad you can just right click the audio player and select “Save Audio As”. I hope this helps!