Hour 1 – Looking past the election for sustainable trends – Featuring Rick Bensignor, Peter Boockvar, and Aztec Minerals

October 24, 2020
Full First Hour

Markets broadly are still range bound however there are some trends we all need to consider when the US election is finally behind us. On this weekend show I focus on US markets, the rise in yields, and metals vs the USD.

Please be sure to checkout all the editorials I posted this week and all the Company updates. Keep the emails coming, I love hearing from all of you –

  • Segment 1 and 2 – Rick Bensingor kicks off the first two segments by sharing his outlook for US markets, yields (related to inflation expectations), and metals.
  • Segment 3 – Peter Boockvar, Chief Investment Officer at Bleakly Advisory Group and Editor of The Boock Report joins me to look at how markets and the economy will react to another round of government spending. We discuss everything from inflation, COVID vaccine hopes, and the reaction in gold and yields.
  • Segment 4 – Aztec Minerals (TSX.V:AZT & OTCQB:AZZTF) released drill results this week from the Tombstone Property in Arizona. The headline number being 6.18 g./t gold and 77.2 g/t silver (7.15g/t gold equivalent (AuEq)) over 15.14 meters. Aztec’s President and CEO Simon Dyakowski joins me to share some more information on the drill results and the exploration that is underway.

Exclusive Company Updates in and Introductions

Rick Bensignor
Peter Boockvar
Simon Dyakowski – Aztec Minerals
    Oct 24, 2020 24:13 AM

    Blast From the Past………………..PETER Grandich…………
    Matthew you should like his advice……

      Oct 24, 2020 24:15 AM

      Listened to that Grandich interview last night. Good stuff.

        Oct 25, 2020 25:25 AM

        ditto…….agree CHarles…..

      Oct 24, 2020 24:44 PM

      You’re right, Jerry, I do like his advice. Gold is going much higher but the gold miners are going much higher versus gold. Whatever price gold reaches in the next 5 to 10 years, I think the gold miners will beat by 3 to 4 times on a percentage basis. For example, if gold quadruples, GDX will go up 12 to 16 times. I also think there are good reasons to believe that’s a conservative estimate.

        Oct 24, 2020 24:50 PM

        Matthew………I think you are SPOT ON……..

    Oct 24, 2020 24:08 AM
    t is the the massive debt. It cannot be serviced. It will collapse the whole system.

    The gold, silver and cryptocurrencies charts are showing signs of going parabolic. The US dollar is close to confirming a massive breakdown.

    Oct 24, 2020 24:47 AM
    Oct 24, 2020 24:57 PM

    thx Corey.

    Oct 24, 2020 24:49 PM

    Wow……..only 6 comments……….Gold going higher…..Silver to blast off… 🙂

      Oct 24, 2020 24:29 PM

      Pathetic right? Shorts have got to be getting nervous. This intermediate cycle correction is long in the tooth.

        Oct 24, 2020 24:33 PM

        I got filled on my Brixton order yesterday.

          Oct 24, 2020 24:36 PM

          Brixton put in the lowest relative strength number for the month on Friday at 40.74
          The highest relative strength number for the month was 59.39 on the 14th.
          Go back to August and the relative strength was over 80.
          I like the buy and own BBBXF as well.

        Oct 25, 2020 25:26 AM

        Charles……..yes, it is pathetic…………….

      Oct 25, 2020 25:30 AM

      THE Public is the last to know……… 🙂

    Oct 24, 2020 24:10 PM

    So I was always wondering what it was that attracted people from Goldman Sachs to the U S Treasury Dept. When you think about the pay cut these people take , it makes no sense.
    Come to find out, when these people join the Government their stock holdings become a conflict of interest and they are allowed to sell their holdings tax free.
    Things that make you go hmmmmmm…………

    Oct 24, 2020 24:25 PM

    Milton Friedman said if you put the Government in charge of the Sahara desert, in 5 years you would have a shortage of sand.
    Prior to 1960 it was illegal to borrow against any kind of Government debt. After 1971 you can borrow against anything.
    The bulk of the national debt is accumulated interest and it will never get any better.
    Plenty of commentary of those who continue to ignore the 800 pound Elephant in the room.

      Oct 24, 2020 24:48 PM

      NuLegacy Gold Corp NULGF had an impressive Friday gaining 17.17% for the day.
      3 day consecutive gain of 26.29% Pretty impressive numbers.
      The drill is turning and it seems people have taken notice.

        Oct 24, 2020 24:51 PM

        SVBL did a reverse split and started trading again. For the week they notched a 22.80% gain.
        decent numbers again

          Oct 24, 2020 24:55 PM

          The sleeper this week has to be WHGOF. 3 days this week, the percentage gain flatlined, and for the week it finished down 1.86%. With the bullish sentiment turning on the Gold juniors, once the assays come, WHGOF should be one to watch.

            Oct 24, 2020 24:57 PM

            I own all three. Due your own DD.

        Oct 24, 2020 24:00 PM

        That is one I wanted to get into, but looks like I missed it. That is some nice action without any drill results. Hopefully they deliver.

          Oct 24, 2020 24:01 PM

          NULGF that is.

          Oct 24, 2020 24:05 PM

          People have a keen eye on NULGF. Quentin Henning of NOVO (KE Sponsor) is on board and he has a nack for finding the big ones.
          This stock is going to run a lot higher on hype alone.

    Oct 24, 2020 24:13 PM

    Yes on Quinton. I am a big fan of his since I first invested in Novo. He has made me a lot of money. Wish I was in it, maybe I will put a few chips in it next just to track it.

    Oct 25, 2020 25:14 AM
    Oct 25, 2020 25:17 AM

    Sentiment is changing to more bullish on general stocks:
    Seems to me that is a warning sign to begin to get out of stocks.

    But, what do I know?

    Oct 25, 2020 25:33 AM
    22 October 2020

    It is the the massive debt. It cannot be serviced. It will collapse the whole system.

    The gold, silver and cryptocurrencies charts are showing signs of going parabolic. The US dollar is close to confirming a massive breakdown.

    Gold, silver and cryptocurrencies all provide “crisis value” by simply being an acceptable debt-based fiat alternative. It is only later in this crisis that we will see a divergence between cryptocurrency and precious metals.

    For now, they are likely to move higher together.

    Oct 25, 2020 25:47 AM

    Jerry, we have never had a reserve currency collapse in modern times.
    Moolman is a qualified Chartered Accountant from Cape Town, South Africa……a self-taught gold and silver analyst. His opinion is truly worth what you paid for it. (Considerably less than 2 cents)
    Yes, the dollar will decrease in relative value to other currencies, because the U.S. is importing substantially more than it exports.
    Yes, the dollar will decrease in purchasing power, because it is be printed excessively.

    However, any collapse “because it [debt] cannot be serviced” is a stupid concept. It can always be serviced.

      Oct 25, 2020 25:49 AM

      Gosh, CFS…….Maybe I should have you review all my post , prior to posting,…..

        Oct 25, 2020 25:50 AM

        I see the major point…… being….”It is the the massive debt. It cannot be serviced. It will collapse the whole system.”

          Oct 25, 2020 25:54 AM

          I think most people are going to find out……THAT individuals will not be able to service their debt….JMO….
          All debt is tied together……

            Oct 25, 2020 25:56 AM

            Let me know when some of the Purdue grads, ….can not repay their student debt…..

            Oct 26, 2020 26:17 AM

            Purdue Grads: that was a good one.

          Oct 25, 2020 25:27 PM

          When you say “never ….in modern times”…….that is short term thinking, and not thinking ahead…. I am sure the Roman’s felt the same way…. 🙂

          Oct 25, 2020 25:25 PM

          Debt can always be service by printing more fiat.

          The Roman civilization did not really collapse; it took 200-390 years of decline from an over-extended position, which included a change in climate for crop-growing regions.

            Oct 25, 2020 25:40 PM

            Slow, fast……collapse happened………use any terminology you want, ….
            Romans were importing grain, from Egypt……the trade routes collapsed , debauching the coinage , or clipping the coin, or just paint the surface with silver, ….all the ways the Romans created a slow process of collapse….there is no denying what happened , it started with the fraud, cheating of the coin of the day….of the currency at the time, without the sheeple knowing what exactly happened,,,,,Much like today, but, we have been over this issue so many time it is useless to debate a word or two…..all the same process.

            Oct 25, 2020 25:48 PM

            And eventually, …..the worthless printing of fiat….and the debt can not be serviced….
            Eventually, all comes to an end….maybe not in our lifetime, but, eventually, all fiat dies.
            Full Faith of the Govt……lol… the only thing backing the USA dollar, and eventually, with out the military might, the dollar goes bye , bye…..You live in a world of make believe, …..thinking that we can print, print, print…..Inflation eventually, stops the process, and I think we are well on our way to the end game……
            Fasbe 56,….No rules and no checking on the accounts….of the govt….
            $40 TRILLION MISSING, and $26 Trillion on the DEBT CLOCK…..

            Oct 25, 2020 25:19 PM

            Here is a nice picture display for what happened in the Roman Empire…..

            Oct 25, 2020 25:29 PM
            Oct 25, 2020 25:33 PM

            To hold physical gold, silver and platinum outside the fragile banking system is the ultimate form of wealth preservation and insurance against a debt infested and unsafe financial system.

            With a portfolio of some precious metals stocks and physical metals, investors will be able to ride out the coming storm and volatility in markets and also benefit financially. Of course there will also be volatility in the metals market but the trend in the next 5+ years is virtually guaranteed.

    Oct 25, 2020 25:37 AM

    Reserve Currency: maybe the question is not “collapse” but “retain” Reserve Currency status. Then the answer becomes all have lost Reserve Currency status but One.. and they are about to.

      Oct 25, 2020 25:03 PM

      Good comment David………

        Oct 25, 2020 25:04 PM

        Oh, Heck…..that was an excellent comment…. 🙂

    Oct 25, 2020 25:45 PM

    Rick is my 4th financial advisor in a row to predict a Biden win. I think that all 4 based this on the 2 digit Biden lead in the polls. Hillary also had a 2 digit lead in the fake polls. This is scary. but not as scary as his prediction that the market impact will be less than 10% if Biden wins.

    Oct 25, 2020 25:41 PM

    Gold looking good tonight…..over seas……..JMO

      Oct 26, 2020 26:11 AM

      Hey jerry sure does! Hope all is well to all..

      Gold update..

      We are here now and present within the timing band. My call remains as a very good possibility short term. From a monthly perspective I have mentioned a few times in the pass two red candles followed by a third final bottom and reversal into a green candle.. I did not get my flash crash or lower level target I have not shared but I’m still not ruling it out as it is a very good possibility. We here remain alert and on standby with tranche 3 and 4 as mentioned many times. The low for this move was between 12-23 of this month however as we all know timing is the most difficult thing to get but regardless of what happens, I’m just giving you all a different perspective as to be ready if this does play out and I give it a good probability. Long I’m the tooth is correct and I’m not one but surprised I’ve expressed that I want a really good shake up before the stronger move up and don’t feel we have that yet.

      If things do not go lower from here than the third monthly green candle will be many points higher this week..

      I will now share my target number which I have been talking about..

      $1781 is the target I have long looked at.. Many are focused on $1800 regardless $1781-1788 would be a good guesstimate..

      Best of luck to all and don’t be scared to be a buyer “if” the crash comes today or next day or so.


        Oct 26, 2020 26:14 AM

        Hello Glen,
        Thanks for sharing your target….of $1781.

        Oct 26, 2020 26:24 AM

        Hi Glen, it is a really tough call to have foresight into the price of gold, your past predictions have been quite remarkable, I wish you all the best in your prognostications. DT

        Oct 26, 2020 26:15 AM

        Whooop der it is!!! $1781 by the Glenmeister. Thanks for sharing Glenfidish.

    Oct 26, 2020 26:24 AM

    Santacruz Silver produces 977,679 silver equivalent ounces in the third quarter and made significant upgrades during their covid shutdown. DT

      Oct 26, 2020 26:11 AM

      At least Santacruz went up. Check out the Tudor, Tueton and American Creek combo.

    Oct 26, 2020 26:54 AM

    Valterra Receives +100g/t (+2.9 oz/t) Gold Assays from Third-Party Verification Sampling at the Lima Gold Project in Brazil
    2020-10-26 09:32 ET – News Release
    Vancouver, British Columbia–(Newsfile Corp. – October 26, 2020) – Valterra Resource Corporation (TSXV: VQA) (OTCQB: VRSCF) (“Valterra” or the “Company”) reports that it has received high-grade gold assays from verification sampling at the Lima Gold project, located in the Poconé Mining District, Brazil. The project was recently purchased 100% by Poconé Mining Mineração Ltda, (“PMM”), which Valterra is acquiring as a wholly owned Brazilian subsidiary, subject to regulatory approval.

    Oct 26, 2020 26:05 AM

    Chakana Copper drills 226 m of 1.11 g/t AuEq at Soledad
    2020-10-26 06:54 ET – News Release
    Mr. David Kelley reports

    Oct 26, 2020 26:08 AM

    Tudor, others drill 1,152 m of 0.741 g/t AuEq at Treaty
    2020-10-26 06:00 ET – News Release
    See News Release (C-TUD) Tudor Gold Corp
    Mr. Walter Storm of Tudor reports

    Oct 26, 2020 26:18 AM

    Looks like they are using the worthless dollar as the reason to algo the miners this AM. Some good drill results out today as reflected in the comments above. Let’s see if it matters or is it just another day of the same old algo play.

      Oct 26, 2020 26:21 AM

      Now it looks like we are sharing with the misery with the General Markets…as if the miners aren’t going to report record earnings. Never forget algos and front running help the markets have liquidity and injecting bleach cleans out your system…NOT.

    Oct 26, 2020 26:41 AM

    Wow Radio attack on hunter biden by Glen Beck this AM some letter very bitter– he wrote his family about 10 years ago. This is tump style attack that Beck thinks wil allow trump to win by smearing his opponets family. I hope some of you enjoy super mud sling REPUB party ——-how proud to hold your head up high for the Donald show. love to all rsh

      Oct 26, 2020 26:00 AM

      Truth search seems complicated.