Glimmers of hope appearing but there could be major issues in the mortgage and energy sector

April 6, 2020

Investors left the weekend with a little more optimism that things might not be as dire as some health authorities and governments are warning. Markets across the board are doing well with these glimmers of hope.

Chris Temple joins me today to outline some of the sectors that he is still very concerned about. The mortgage and energy sectors have some new issues that Chris thinks are being largely ignored for right now.

Click here to visit Chris’s site for more market and economic commentary.

      Apr 06, 2020 06:53 AM

      Why is our media not reporting that doctors in Singapore and China have had much success treating patients with the CCP flu with IV’s of high dose vitamin C. And this works even better if combined with thiamine (200 mg every 6 hours) and melatonin(20 to 100 mg) This can prevent the sepsis which kills you. Dr. Fauci and the CDC have no interest in these things because they cannot be patented and are cheap. They are interested only in expensive patented drugs and vaccines as they are lackeys for big pharma.

      Apr 06, 2020 06:33 PM

      Hydroxychloroquine is not effective for treating coronavirus, according to small trial, see:

        Apr 06, 2020 06:06 PM

        An interesting article, thank Mike from Albuquerque.

        Apr 07, 2020 07:32 AM

        hydroxycholoroquine was not administered with zinc in that small study. Zinc is a necessary cofactor according to the study by French ID specialist Dr. Raoult as well as growing body of anecdotal reports from physicians treating patients in the US. Your premise and thus your conclusion are both faulty.

    Apr 06, 2020 06:34 AM

    If the U.S. is going to decrease imports from China, how can U.S. economy not have increased employment ?

    Apr 06, 2020 06:38 AM
      Apr 06, 2020 06:38 AM

      Nice to see Silver with a $15 handle again. Currently at $15.06

        Apr 06, 2020 06:44 AM

        Where are you getting your prices ?

          Apr 06, 2020 06:56 AM

          CFS those are the real-time active futures prices. Click on the links provided.

      Apr 06, 2020 06:35 AM

      kitco …….prices…….are going to be obsolete soon………the prices on coins are the telling tale………..I just ran through some numbers…….for bonzo…on another section
      Prices on phyz are still up…….

        Apr 06, 2020 06:40 AM

        100 oz silver bar………$1917……….at apmex………majority of silver stock is gone.

          Apr 06, 2020 06:30 AM

          The most active Silver futures contract is still showing as May where Silver is up to $15.24

            Apr 06, 2020 06:15 PM

            Silver is going to explode……… going to $50 plus…..
            1700 gold divided by ….50 …gsr………is $34……..

            Apr 06, 2020 06:20 PM

            The average Joe………can not buy silver at a reasonable price…..Average Joe just striped out the inventory off the street…..three weeks ago…..
            The LOCK DOWN, is just showing Joe, …..the govt is as corrupt or MORE corrupt than they imagined…..

        Apr 06, 2020 06:25 AM

        Yeah, Kitco’s charts are on spot prices, and I rarely review them as the general financial markets give little focus to spot prices, and predominantly use the most active futures contract for price discovery.

        Currently Gold is at $1705 on the June contract:

      Apr 06, 2020 06:06 PM

      S1690….1660…………is a hell of a lot better than $1048…… 🙂

        Apr 06, 2020 06:09 PM

        Agreed. $1708 right now for Gold, is even better. 😉

          Apr 06, 2020 06:11 PM

          I think we are clearing out the old overhead……from years past…..a great looking long term cup and handle… shaping up……JMO
          I think a few people are going to have to eat their hat (so to speak)… 🙂

    Apr 06, 2020 06:41 AM

    GFG up 105% today on this drill hit.

    (GFG) (GFGSF) GFG Resources Drills 71.27 Grams of Gold per Tonne Over 8.5 Metres at the Pen Gold Project West of Timmins, Ontario

    6 Apr 2020

      Apr 06, 2020 06:57 AM

      That’s a nice hit Ex

        Apr 06, 2020 06:59 AM

        Yes indeed. It’s the Claude 2.0 team, and quite a nice drill hole. I’m not sure it warrants or doesn’t warrant their valuation doubling on the day, but it’s nice to see a little excitement based on actually exploration news for a change.

          Apr 06, 2020 06:39 AM

          I didn’t like GFG’s drill results as much as Mako’s, so I bought some Orezone instead of GFG. I hope that makes sense.

            Apr 06, 2020 06:16 PM

            Haha! Makes total sense David.

            I have Mako and Orezone, but don’t currently have GFG. I did when they first launched it about 2 years ago, but rotated out a while ago. Today was the first glimmer of hope for them, but 1 drill hole doesn’t make an economic deposit.

            With both Mako and Orezone, they have already proven they are economic deposits, and are still exploring and finding more, but both of their flagship projects will become mines in this cycle. It is pretty exciting for these developers when gold is now ratcheting up past $1700.

            Apr 06, 2020 06:51 PM

            Most of the development stage projects with known gold deposits held by the existing crop of #Developers, or even development projects already held within many #Producers have economic studies (PEA, PFS, FS) that were based on price models of $1200-$1300.

            >> So where should these Gold #development projects now be re-rated at $1700+ $Gold?


    Apr 06, 2020 06:58 AM

    (MAI) Minera Alamos – Royalty Agreement Closes, but Sanata Site Work Slows Down

    Haywood Securities – April 6, 2020

      Apr 06, 2020 06:02 AM

      Pure Gold Mining (PGM) (LRTNF) – a high-grade Red Lake development story

      by Greg Nolan – April 5, 2020

      “Pure Gold is a development and exploration story out of the High-Grade Gold Capital of the World—the Red Lake Mining Camp of northwestern Ontario. The company’s Madsen deposit, aka the PureGold Mine, is considered the highest grade development-stage project in Canada.”

      “Pure Gold’s resource at Red Lake currently stands at 2.1 million ounces at 8.9 g/t Au Indicated and 500k ounces at 7.7 g/t Au Inferred.”

    Apr 06, 2020 06:05 AM

    Now for something completely different:
    Pussy Galore dies at age 94.

      Apr 06, 2020 06:25 AM

      Was that the real Pussy in the book Goldfinger, or the actress who played Pussy in the movie? At least we still have Ursula Andress who played Honey in Dr. No. Ursula was my favorite Bond girl.

        Apr 06, 2020 06:55 AM

        Honor Blackman

        Who was also a Steele girl before Diana Rigg.

    Apr 06, 2020 06:15 AM

    Chris, I really wish you would get on board with the new Ker math. There is nothing in the situation to be disturbed about, there will be a revival of stock market activity upwards in the spring. The spring of 2020 marks the end of a period of grave concern… American business is about to come back to a level of normal prosperity. LOL! DT

      Apr 06, 2020 06:26 AM

      Mea culpa, Dick…right you are.

        Apr 06, 2020 06:56 PM

        On oil, have you listened to Macro Voices. Great discussion and charts on the oil sector:
        On housing, my neighborhood developers are still building $275-350,000 bracket. I look for them to mostly finish what they have started and wait to see how things shake out. JMO

          Apr 06, 2020 06:40 PM

          No, will check out – thanks!

    Apr 06, 2020 06:53 AM

    Now for something really completely different:
    Last week a Venezuelan patrol boat ordered a cruise ship into port.
    After the cruise ship ignored the patrol boat orders, the patrol boat fired some warning shots across the bow of the Resolute cruise ship.
    The cruise ship again ignored the patrol boat.
    The patrol boat then rammed the cruised to force it to change direction.
    Unfortunately the Venezuelan patrol boat captain did not realize the resolute was reinforced for antarctic cruises.
    With a slight ding the cruise boat” Resolute”ly sailed on.
    The patrol boat sank.

      Apr 06, 2020 06:58 AM

      cruised > cruise ship

      Darned spellcheck has its own spell

    Apr 06, 2020 06:37 AM

    I just checked with a geneticist….

    She tells me that if a tiger can catch the covid-19 disease, she can think of no reason why household cats cannot get the disease.

    Apr 06, 2020 06:39 AM

    Here’s some good news in the Zinc space today:

    (ZNX) (CZXMF) ZincX Resources Announces Tongling Non-Ferrous Metals to Participate in Funding the 2020 Drill Program at Akie


    “The Company is in discussion and in general agreement with Tongling to convert the proceeds, which have already been advanced to the Company, into shares at a price of 30 cents per share – a 400% premium to the Company’s current share price. Tongling would thus be increasing its involvement and investment in the Company by $1.398 million.”

      Apr 06, 2020 06:46 AM

      ZincX is up 29% on the news.

      That is pretty damn impressive to have raised at 400% over their current share price, and likely was negotiated at pre-Covid 19 prices. They have a solid development project and I’ve been waiting to see when they were going to announce funding for their 2020 drill program, and it didn’t disappoint.

    Apr 06, 2020 06:42 AM

    IMPACT Silver Announces Full Year 2019 Financial & Production Results and temporary suspension of operations until April 30

      Apr 06, 2020 06:59 AM

      (IPT) Impact Silver *2019 Production Overview*

      > 2019 full year silver production, resulted in revenues increasing by 2% over 2018 on production of 664,056 ounces (2018 -743,950 ounces) due to higher grades in spite of fewer tonnes milled
      > Revenue per tonne sold was $105.47 in Q4 2019, an increase of over 33% from Q4 2018 at $79.55 Revenue for 2019 per tonne sold was $92.82 compared to $74.88 in 2018.
      > Average mill feed grade for silver was 182 grams per tonne (g/t) in Q4 2019, an increase of 7% from 170 g/t in Q4 2018. Average mill feed grade for the year was 173 g/t compared to 159 g/t in 2018.
      > Throughput at the mill decreased to 140,878 tonnes milled in 2019 from 173,217 tonnes in 2018 as the Company shifted focus to higher grade tonnes.
      > Adjusted mine operating income was $1.3 million (excluding $1.5 million in amortization and depletion) compared to a loss of $1.6 million in 2018 (excluding $1.9 million in amortization and depletion). Mine operating loss for the year was $0.2 million compared to a loss of $3.5 million in 2018.
      > Impact continues to focus on cost reductions and maximizing revenues per ounces sold. Direct costs per production tonne were $82.60 in Q4 2019, a 10% decrease from Q4 2018 at $91.50.

      *2019 Financial Overview*

      > Revenue for Q4 was $4.0 million compared to $3.0 million in 2018 and for the year was $13.3 million compared to $13.1 million in 2018. Revenue increased despite lower mill throughput as a result of improved grades and higher silver prices.
      > Net loss for the year was $4.9 million which included non-cash items totalling $4.8 million comprised of amortization and depletion of $1.6 million, $2.8 million in write-downs of property, plant and equipment and exploration assets, and share-based payments of $0.4 million. This compares to a $5.1 million net loss in 2018 which included $1.9 million in amortization and depletion, with no write-downs or share-based payments.
      > The Company’s cash position at December 31, 2019 was $3.8 million with working capital of $3.6 million. Cash was $1.2 million and working capital $1.3 million in the comparative period in 2018.
      > The Company has no long-term debt.

    Apr 06, 2020 06:14 PM

    Bill Gates is the Greatest Threat to Your Future His entire agenda is to outlaw all gatherings until you are vaccinated and chipped so they know you are vaccinated. This man is conspiring to take down Western culture. The Left has jumped on his band-wagon so rapidly, this is an unquestionable coup with the VERY SAME objective of the Global Warming he also has been pushing. We are in a very battle for our own freedom. He is wiping out the economy and all jobs unless you accept his agenda.

      Apr 06, 2020 06:23 PM

      Don’t Tell OWL that………..he loves the guy……lol

        Apr 06, 2020 06:24 PM

        THE SOB……..should be hung as a WAR Criminal…………

      Apr 06, 2020 06:24 PM

      Bill Gates is the tip of the “greatest threat” iceberg.

        Apr 06, 2020 06:25 PM

        Well……….that is 100% true……….

          Apr 06, 2020 06:36 PM

          That’s 4 of us here who know how evil Bill Gates and his lackey Fauci are. See what I posted on Dr. Frieda’s piece today. Al needs to take the red pill.

            Apr 06, 2020 06:13 PM

            make it 5… I had posted a week or so back how the Coronavirus would be used as crisis to move forward the UN Agenda 21 and Bill Gates is big on vaccinations and population control.

            Bill Gates Admits Vaccines Are For Population Control

            Jake Linden – Nov 8, 2017 #VIDEO


            Apr 06, 2020 06:16 PM

            Bill Gates wants a Billion Dead! Vaccines and Health Care will do the Job!

            ScootleRoyale – Feb 28, 2010


            Apr 06, 2020 06:32 PM

            The Real Agenda of the Gates Foundation

            By Jacob Levich – Nov 02, 2014

            “The Gates charitable empire is vast and growing. Within the US, BMGF focuses primarily on “education reform,” providing support for efforts to privatize public schools and subordinate teachers’ unions. Its much larger international divisions target the developing world and are geared toward infectious diseases, agricultural policy, reproductive health, and population control. In 2009 alone, BMGF spent more than $1.8 billion on global health projects.”

            “As the third largest donor to the UN’s World Health Organization (WHO), it is a dominant player in the formation of global health policy. It orchestrates vast elaborate public-private partnerships – charitable salmagundis that tend to blur distinctions between states, which are at least theoretically accountable to citizens, and profit-seeking businesses that are accountable only to their shareholders.”

            “BMGF is the prime mover behind prominent “multi-stakeholder initiatives” such as the Global Fund to Fight AIDS, Tuberculosis and Malaria, and the GAVI Alliance (a “public-private partnership” between the World Health Organization and the vaccine industry). Such arrangements allow BMGF to leverage its stake in allied enterprises, much as private businesses enhance power and profits through strategic investment schemes.”

            “The exemplar of philanthropy in the era of global health governance is the Gates Foundation. Vastly endowed, essentially unaccountable, unencumbered by respect for democracy or national sovereignty, floating freely between the public and private spheres, it is ideally positioned to intervene swiftly and decisively on behalf of the interests it represents. As Bill Gates remarked, “I’m not gonna get voted out of office.” (40) Close working relationships with UN, US and EU institutions, as well as powerful multinational corporations, give BMGF an extraordinary capability to harmonize complex overlapping agendas, ensuring that corporate and US ambitions are simultaneously advanced. To better understand how BMGF operates and in whose interests, it is worth looking closely at the Foundation’s global vaccine programs, where until recently the bulk of its money and muscle was brought to bear.”

            “It is in this specific context that BMGF’s intervention in the distribution of certain vaccines and contraceptives must be seen. Heavily invested in Big Pharma, (43) the Foundation is well positioned to facilitate pharmaceutical R&D strategies tailored to the realities of the developing world.”

            “In 2010 the Gates Foundation funded a Phase III trial of a malaria vaccine developed by GlaxoSmithKline (GSK), administering the experimental treatment to thousands of infants across seven African countries. Eager to secure the WHO approval necessary to license the vaccine for global distribution, GSK and BMGF declared the trials a smashing success, and the popular press uncritically reproduced the publicity. Few bothered to look closely at the study’s fine print, which revealed that the trials resulted in 151 deaths and caused “serious adverse effects” (e.g., paralysis, seizures, febrile convulsions) in 1048 of 5949 children aged 5-17 months. Similar stories emerged in the wake of the Gates-funded MenAfriVac campaign in Chad, where unconfirmed reports alleged that 50 of 500 children forcibly vaccinated for meningitis later developed paralysis. Citing additional abuses, a South African newspaper declared: “We are guinea pigs for the drugmakers.”


        Apr 06, 2020 06:05 PM

        What Is Agenda 21? Depopulation of 95% of the World By 2030

        By Liam S. Whittaker – May 11, 2017

        “Most people are unaware that one of the greatest threats to their freedom may be a United Nations program which plans to depopulate 95% of the world.”

        “The name of this plan is Agenda 21, and it was developed by the United Nations Department of Economic and Social Affairs, Division for Sustainable Development, as part of a sustainability policy.”

        “It is assumed that people are not good stewards of their land and the government will do a better job if they are in control.”

        “Individual rights in general are to give way to the needs of communities as determined by the governing body.”

        “Moreover, people should be rounded up off the land and packed into human settlements, or islands of human habitation, close to employment centers and transportation. Another program, called the Wildlands Project spells out how most of the land is to be set aside for non-humans.”

        “Agenda 21 policies date back to the 1970’s but it got its real start in 1992 at the Earth Summit in Rio de Janeiro when President Bush signed onto it. President Clinton signed it later and continued the program in the United States.”

          Apr 06, 2020 06:27 PM

          Thanks, Excelsior. And with Larry and Irishtony we now have 7 of the smartest people here who know the awful truth about vaccines. Maybe Al and Frieda will wake up one day.

            Apr 06, 2020 06:54 PM

            bonzo – I hope so, but they’re trying to smear a layer of happiness over the stone cold reality.

            The reality is you can not polish a turd, but you can put a bow on it.

            That is what folks that are “positive” on the mass vaccination proposals are doing.

            Apr 06, 2020 06:57 PM

            Amen……..if, I can add that…..without offending anyone…..and by no means am I trying to do that……Thanks

    Apr 06, 2020 06:55 PM


    REVEALED: Soros Invested Heavily in Chinese Biotech Research Company with Facility in Wuhan that Researches Respiratory Models and Infectious Disease

    And in the article, the following document – a filing with the Securities and Exchange Commission – is found:

    Soros 2011 SEC Filing

    If one scrolls down that rather lengthy document, one finds this listing – which images appears in the article – with the Wuhan association highlighted in blue.

    Now, if this article be true, then the plot just became even murkier than it has been with the association of Exercise 201 and Bill Gates’ recent statements. And again, if this whole article and filing are the genuine article, then this whole thing has been a bit of tragic theater, tragic, for the people suffering and dying from this thing, and tragic because it’s also overly hyped.

    But there’s a bottom line here, and that’s this: if this whole thing was an operation of some sort by Mr. Globaloney – and Soros certainly qualifies as one of the biggest sausages – then those planning, sponsoring, and carrying out this “op” are guilty of mass murder…

      Apr 06, 2020 06:31 PM

      On April 4, 2020 at 2:59 pm,
      OOTB Jerry says:
      Hillary Clinton Warned Behind $300 Million “Hit Contract” Placed On George Soros For Coronavirus Pandemic Link
      And after decrypting this obvious “hit contract” against the life of Soros, saw FSB analysts noting that his Soros Fund Management company had made a United States Securities and Exchange Commission filing in March-2011 showing his ownership of a company named Wuxi Pharmatech—whom the year prior, in 2010, Soros had funded to allow them to build a $100-million research and development center in Wuhan-China where the coronavirus pandemic originated from—all of which was known and written about at the time by American journalist Andrew Breitbart, the founder of the Breitbart News Network, who, in August-2011, quoted Soros as saying “Destroying America will be the culmination of my life’s work”—six-months after which, on 29 February 2012, Breitbart suddenly dropped dead—a death followed 4-years later by Breitbart News Network co-founder Steve Bannon becoming the top political strategist for President Donald Trump—the same President Trump who is now being pummeled with millions-of-dollars of ads paid for by George Soros and Hillary Clinton’s socialist Democrat Party slamming him over his handling of the coronavirus pandemic—thus proving that whatever is truly going on in the United States, both Soros and Clinton are in it up to their necks. [

        Apr 06, 2020 06:32 PM

        WL……..Fact check this………
        Israeli intelligence operatives have been tracking the highly-suspicious activities of Soros like their Russian counterparts—suspicious activities involving as to why Soros bought the majority shares in the WuXi Pharmatech research facility in Wuhan-China and spent $100 million building their laboratory facility—why, in April-2018, did Soros then expand his WuXi Pharmatech division WuXi AppTec into the United States—why, seven-months later, in November-2018, was a Chinese scientist working for WuXi Pharmatech in Wuhan-China captured by the FBI after he attempted to smuggle into the United States deadly coronavirus samples—and most terrifyingly—where are the horseshoe bats WuXi Pharmatech was known to be experimenting on by injecting them with a coronavirus—the latter being the most urgent question needing to be answered, as the scientists at the South China University of Technology have identified horseshoe bats as being the source of the coronavirus, none of which of this bat species lives anywhere close to Wuhan.

    Apr 06, 2020 06:38 PM

    Yes. One hole does not make a whole. I owned GFG at one time but flowed it away into others. I have a bunch that are trying to establish resource size but when you report 10 mil or so, I had to go for the resource and RF owning 19%. But, Orezone is a slow starter. We will see. All I need is having to pay someone for some other problem like a car repair, house repair or tax, insurance ir birthday and thry all get on the chopping block.

      Apr 06, 2020 06:41 PM

      GFG comment:
      Not sure how it ended up here, but doing this on my phone…which is rare it ends up amywhere.