Weekend Show – A Focus On The Break Outs In Commodities And Looking Down The Stock Food Chain

March 5, 2022
Full Weekend Show


It was another great week for commodities across the board. With the war between Russia and Ukraine intensifying this week the main benefactors continue to be commodities across the board. Base metal, energy, and precious metals continue to garner a buy along with other safe haven assets.


We focus this Weekend’s Show on the strong moves higher in a wide range of commodities. We also drive down into the stocks, where the larger miners are moving higher while the juniors remain relatively stuck at lower prices. 


Please keep in touch through email and let us know your thoughts on the markets, any questions or topics you would like us to discuss as well as any companies you have questions for or would like to see on the show. Our email addresses are or



  • Segment 1 and 2 – Jayant Bhandari, Private Investor kicks off the show with a focus on the bump in the precious metals sector and how different stages of companies are reacting very differently. We start with the majors and drill down to the lagging juniors as well as a couple companies that are top on Jayant’s list.
  • Segment 3 – Dana Lyons, Fund Manager and Editor of The Lyons Share is up next to share his out look for a wide range of commodities. We discuss the spike in energy, base metals breaking to all time highs and the precious metals. We tie it all together by having Dana share how his is trading them all. Click here to visit the Lyons Share website.
  • Segment 4 – Chris Ritchie, President of SilverCrest Metals (TSX:SIL – NYSE:SILV) wraps up the show by providing us with a recap of the key themes and discussions from the BMO Conference this week. He has some fascinating comments on how mining companies are in the position to take control of the investment narrative. Click here to learn more about SilverCrest Metals.


Exclusive Company Interviews This Week


Jayant Bhandari
Dana Lyons
Chris Ritchie
    Mar 05, 2022 05:59 AM

    I haven’t gotten an iTunes podcast update since Tuesday. Also I’m trying to register for this site and can’t get a password to work. I know this isn’t the place for this but I couldn’t find any other place to comment.

      Mar 05, 2022 05:52 AM

      Hi Demastus – I’m not sure how the podcast downloads work over at Apple, so maybe Cory can respond back on that part. All of our podcast interviews are accessible here on the website though, and often are accompanied by helpful images throughout the week on company interviews.

      If you click on the top banner menus, under “KER Commentary” you’ll see there are sub-menus sorted by Gold, Silver, Base Metals, Energy, US Dollar, Fed Policy, Cryptocurrencies, and Weekend Shows which can tailor the shows you listen to. In addition, under the “Stocks and Company Interviews” banner tab, you’ll see a menu broken down by Exploration stocks, Development/Production stocks, Royalty stocks, Gold Stocks, Silver Stocks, and Copper stocks.

      If you prefer downloading the audio podcasts to listen to later on an electronic device, without being online, you can right click on the 3 dots on the audio player and will have the option to download the audio, just like if you were on the Apple podcast site.

      You don’t need to register for this site, (that’s really for us regarding the back office). I approved your comment, so moving forward they should post here if you want to post on the blog, and we’d love to have any thoughts and insights you have on the markets.


      – Shad

    Mar 05, 2022 05:37 AM

    Thanks to all the KER guest contributors for another great week of daily editorials, company interviews with management, and another solid weekend show with Jayant, Dana, and Chris.
    Also thanks to all the listeners of the podcast and radio show, and those members of the KER crew that post and participate here on the blog, sharing insights with our community. Ever Upward!

    Mar 05, 2022 05:39 AM

    Miners Surge After Monthly Gold Close Above $1900

    David Erfle – Friday March 4th, 2022

    “Since its August 2020 high, gold has been exasperatingly difficult to call correctly because of the numerous false breakouts in both directions that have taken place in the last 18 months or so. Once the Federal Reserve turned hawkish in mid-June of last year, rallies were being sold, and sell-offs were bought with traders on both sides continuing to be whipsawed out of position as gold mostly traded within a $100 range.”

    “Into February of the new year, any advance, or decline, that bullion had made quickly ran out of steam and returned to the $1,800 zone. But by mid-February, as continued signs of escalation in the Ukraine-Russia conflict and some less-than-stellar economic data ushered in risk-off sentiment, the gold price reached strong overhead resistance at $1900. And once Russia initiated full-blown military actions in Ukraine, the gold price rose sharply above the critical $1900 level last week…”

      Mar 05, 2022 05:41 AM

      Big Gold Miners Breakouts

      Mar. 04, 2022

      – Gold and gold stocks just enjoyed big upside breakouts. The proximate driver was Russia-invading-Ukraine fears, but both the metal and miners had well-established young uplegs running for months before that.
      – That geopolitical shock accelerated buying, and the resulting gold and gold-stock surges are very important technically for attracting more traders and capital to this sector.
      – Momentum buying feeds on itself, becoming self-reinforcing virtuous circles. Traders love chasing mounting gains. Raging inflation, Fed rate hikes, and rolling-over stock markets are great news for gold and miners.

        Mar 05, 2022 05:57 AM

        John Feneck – Gold, Silver Stocks Are Exploding And The Fireworks Aren’t Over; Expert’s Top Picks

        Kitco News – Mar 4, 2022

        “Gold and silver miners have rallied year-to-date, but can this run continue? John Feneck, founder of Feneck Consulting, discusses his top mining stock picks with David Lin, anchor for Kitco News.”

        0:00 – Inflation and gold price
        6:09 – Gold producers’ performance
        10:48 – Junior miners’ performance
        16:20 – Investment strategy
        17:51 – Mining stock picks

        Mar 05, 2022 05:20 AM

        Hi Ex, you will see a real uptick in the people coming to enjoy The Ker Report, even traders who have been invested in the conventional markets will need to know what precious metal, base metal, and royalty stocks to invest in. This should really drive listeners to your site. Where else are they going to get quality information all in one package. DT

          Mar 05, 2022 05:40 AM

          Hi DT – That would be nice to see a boost to the listenership here at the KE Report. We’ve had a pretty steady audience week after week, but of course, the 18 month correction in PMs caused things to be a bit more thinned out in terms of sentiment and enthusiasm for the gold & silver stocks. Looking forward to welcoming the new investors that get animated by the resource sector, as in addition to the precious metals, most commodities are surging now: Oil, Nat Gas, Copper, Nickel, Palladium, Platinum, Zinc, Tin, Lithium, Uranium, Rare Earths, Potash, and Soft Commodities from grains to proteins. Also all the interest in clean energy should have wise investors considering where all the raw materials and infrastructure inputs are going to be coming from… which should lead them back to the mining space.

          Ever Upward!

    Mar 05, 2022 05:43 AM

    Americans, Canadians, Australians, and most of Europe are soon to find themselves living in an altered World which calls for new ideas, and a new order of values. The era of Americans having control of The World’s Reserve Currency status is over. We are about to enter a new existence one that will challenge our ability to handle the breakdown of prosperity.

    This article just came out on 321gold, “A Singular Event.” DT

      Mar 05, 2022 05:43 AM

      Fiat Currency Zero Hour: Russia And China Might Collectively Challenge The Dollar’s Reserve Status

      Quoth The Raven – 02/28/2022

      “Blistering economic sanctions that threaten to ruin the ruble may leave Putin with little choice but to ally himself further with China and challenge the dollar head-on.”

      “Meanwhile, it appears to me that a separate war on the U.S. dollar could be “officially” waged at any moment, by Russia and China collectively, as the situation in Ukraine grows more dire, as Russia’s options wane and its ties with China grow closer.”

        Mar 05, 2022 05:44 AM

        Steve Penny – War with Russia: The US Dollar Collapse Has Begun – Gold & Silver

        I Love Prosperity w/ Jake Ducey

        “In this video, I talk to my friend Steve Penny about why he believes the proposed War with Russia could influence the US Dollar and a potential currency collapse. Steve explains the petro-dollar system and why Russia threatens the hegemony of the US Dollar system, how an escape from the petro-dollar system could trigger hyperinflation or a massive currency collapse of the US Dollar. He talks about gold and silver, why countries like Russia are buying so much Gold and Silver, and what you can do the “leave the financial system” and prepare yourself for turbulent times. Steve leaves on a positive note talking about the opportunities like this that exist within a wealth transfer event, like a US Dollar collapse.”

        Mar 05, 2022 05:47 PM

        Any war that China and Russia may wage on the US dollar will fail because their own currencies are undermined by the same massive sovereign debts which, as with the dollar, ensure their ongoing degradation.

        The dollar will continue to be the reserve currency because it remains the best of a bad bunch of alternatives. This has been the situation for quite a while.

        I can’t see much in China to make me think they can replace the dollar. Compete with it, yes, but replace it, no.

        Our bipartisan ruling class has completed its work of reducing the American worker to a degraded state which resembles that of their Chinese and Russian counterparts. Does it really matter what currency they subsist on in their allotted miniscule quantities?

    Mar 05, 2022 05:19 AM

    ‘Extraordinary Monetary Times’

    Jesse Felder – The Felder Report (03/05/2022)

    Mar 05, 2022 05:32 AM

    Crescat Gets Activist on Gold and Silver #67, here is the latest link to Dr Q, talking mostly about Silver Miners. Two of my favorites had updates, Core Assets at 45 minutes, and Bell Copper at 1:04. DT

    Mar 05, 2022 05:36 AM

    Hi Ex
    Thanks for all you do to help investors make good decisions. I have written to you before in regards to WM in regards to the EV nickel and strategy in the gold. A couple months back they announced a 70M drill program with 50 M in the bank. That of course was 20 M shy. So not long after went to market and raised another 20 M at really low values at the time gold was just taking off, thus creaming the stock value again. Using the excuse they didn’t think they would get a better time. They have concluded they want to spend 5 to 10% of those funds in new areas and spend the 90% at Mart and Fen to grow the 4.4 M in the RE. About 3% of the CEO.CA board the last year has been calling for taking seriously look again at the EV nickel at Grass that has now grown conservativley to a 3B Ca plus asset. Back in 2014 when Bar got to 2.00 a share and a 160 M valuation, nickel price was 20% lower and EV was in the news 1% of what it is now and that does not include a premium that is being paid for EV now 8 years later. 3/4 of that valuation best guess on back of nickel. Bar had to shut the nickel drilling down fall of 15 due to ni price drop of 70% and inventory rise of 400% and running low on cash. Then put out a mre on the nickel that was a great start with great grade right in the middle of a fabulous run in gold jr mining stocks spring of 16. The bizarre part is WM mgt has used every excuse in the book the last year plus for not getting serious about it. They were going to spin it out with other ni assets. They were going to do a jv. That went on for a year. Then mgt used a false flag and said they didn’t want to take focus off gold when no one was asking them to. Now it is we don’t want to spin or jv because it is close to gold at Grass, knowing for close to 2 years that was always the case. Totally fair to say Bar stayed way too long at the ni party well into 2015 and it actually cost the shl the company. Ni price and inv have violent swings and it is imperative to be in the right position to take advantage of that. When your going to spend 5 to 10% of your drilling funds looking at other areas and you decide to spend 50% of that on an area that is exploding in value and up close to 300% in value since you acquired it. Hard to imagine that strategy. No one knows we own it because the company acts like it doesn’t matter and a waste of time and suing every excuse they can dream up to avoid it. We actually have 5 people on the BOD with close ties to nickel. One of the only BOD with 0 ties to nickel in recent history was Tony Machkuch. Who had close to ties to Bar mgt thru Lake Shore and West Timmins, who watched Bar implode over nickel, I would imagine had huge influence over Marz Kord CEO WM as KL owns huge chunk of WM. WM owns a huge land package at Detour and a gold resource growing everyday. I wouldn’t doubt the nickel avoidance and recent 70M NR and subsequent latest raise has cost the company .25 a share and a couple hundred million. Totally fair to say company got carried away in value spring of 20. To drop over 75% with our assets in our jurisdiction is not good. Mgt did everything right after attaining Fenelon from Bar. The last 18 months not so much. I have 0 problem with values going south during bad times and losing money if everything on the up and up. You buy as I have been doing to lower average. No one expects perfection. Unfortunately this hasn’t been close the last year. I have been involved in the land package for close to a decade. Your thoughts Ex if you have the time to weigh in. thanks for your consideration mb

      Mar 05, 2022 05:04 AM

      Hi Monty and yes I’ve enjoyed chatting about Wallbridge here on the KE Report blog and over at as well. I originally got interested in Balmoral due to Grasset and the nickel asset there and they also have nickel assets at other properties as you mentioned, which now belong to WM. Most of the focus in WM has turned to their gold resources, and large land position in the Detour Lake camp, and I don’t believe they are getting proper value for that, much less their nickel assets (which the market is assigning zero value to at present). We asked Marz their plans and he wants to focus on the Gold for now, but hasn’t forgot about the Nickel, but doesn’t think spinning it out, based on where the resources are at present is the right call, and believes that the nickel may actually compliment the gold if they keep it in house and working on developing this district. We’ll see how things proceed as at one point they were considering spinning out those assets. Regardless, WM looks very undervalued here and at a compelling spot for accumulation for the longer-term re-rating this company will eventually receive… especially as nickel and gold prices continue to climb higher.

    Mar 05, 2022 05:11 PM

    Doc and Matthew, are you buying OGZPY@ 1 or LUKOY@7? If nuclear war breaks out and NYC and DC are vaporized, do you think the junior miners will do better than the seniors? And will silver be better than gold?

      Mar 05, 2022 05:16 PM

      Hey Bonzo,
      Take some time off.

      Mar 05, 2022 05:15 PM

      Hi bonzo …. You forgot the /sarc tag ….. i hope , otherwise you have lost the plot…

      Mar 05, 2022 05:38 PM

      Bonzo, both are tempting but I’m not buying. If NYC and DC are vaporized, gold will beat the heck out of our juniors and silver, at least for awhile. Luckily, that won’t be happening. It’s not in the script.

        Mar 05, 2022 05:23 PM

        I’m the owner of 2000 shares of RSX at an average price about $7.50 after subtracting out the gains from options sales all the way down. I’m hoping things will calm down after the realization there’s a lot of valuable stuff in Russia that folks need.

    Mar 05, 2022 05:28 PM

    WOW sold my southern copper SCCO at a small cap gain after 2 years but also had large dividends . own cde and hl and gold barrick moved up my sell points . my food stocks have dropped slightly , but food stocks should do well in a wartime market. I own OXY and WTI and some pipeline companys . TRUMP IS PUTIN AND PUTIN IS TRUMP marco rubio is too close to Trump for his election . Pray for peace love to all rsh

      Mar 06, 2022 06:01 PM

      Russell, Zelensky is just another sock puppet like Trudeau, Macron and Biden.

      Bob Moriarty gets it:
      “I’d rather have gold rise on its merits rather than some pseudo conflict in Ukraine. Ukraine doesn’t want a war. Russia doesn’t want a war. The United States and NATO do. I hope that the United States and NATO, I hope they don’t get their war.”

        Mar 06, 2022 06:39 PM

        According to someone on another site, Martin Armstrong said the following:

        “Some people say I have been hard on Zelensky. I’m sorry. I apologize. I should have been harder. He is a total disgrace and is not the person who should be deciding the fate of Ukraine no less the world.”

        Mar 06, 2022 06:23 PM

        Tripe as usual.

          Mar 06, 2022 06:35 PM

          Says the infantile coward who’s never been right about anything.
          Still waiting for you to define the left that you believe doesn’t exist. Tall order, eh? 🤪

        Mar 07, 2022 07:50 AM

        Bob Moriarty is a WAR CRIMINAL (he admitted he’s dropped cluster bombs on the vietnamese). I have Been to war and I have wittnessed cluster bombs Killing children. In my Eyes, Bob Moriarty has lost all credibility he’s ever had.
        Russia is more corrupt than the West and Putin is not our friend. He is NOT Christian . He is a KGB operative, who is as evil as they come. He wants Ukraine completely demilitarized for his purposes. He is no opposition to the NWO. He just wants a better seat for himself. Putin/The Enemy of Our Enemy/Satanist elites is NOT Our Friend.

          Mar 07, 2022 07:57 AM

          No one is more against the warmakers than Bob. Did it ever occur to you that very young people especially over 50 years ago are very unlikely to know how they were being manipulated by government war propaganda?
          It seems safe to say that Bob’s vocal stance against the worst people is at least in part a result of his direct experience.

            Mar 07, 2022 07:30 AM

            Bob Moriarty is a Putin lover approving of his invasion of a sovereign country. Every country has the right to choose its own path, be it right or WRONG.
            GLORY TO UKRAINE!

            Mar 07, 2022 07:32 AM

            You’re naive. Do you think Canadians are choosing their totalitarian path? How about Australians and Americans? Are they choosing what’s going on?

            Mar 07, 2022 07:40 AM

            Give me a break. Since my day one here I have been writing against the cabal running your and my country. Yes, I agree that the cabal is using Ukraine for its own purposes. Yet, the ukrainian people have EVERY right to defend themselves against the Moscovites, who are as evil as the cabal in the West.
            GLORY TO UKRAINE!

            Mar 07, 2022 07:42 PM

            You’re against the cabal yet you’re for their puppet. Interesting.

            Mar 07, 2022 07:47 PM

            Nothing to see here? You decide (just 4 minutes):

            Mar 07, 2022 07:02 PM

            No. I am not for their puppet. I agree that Zelenskij is their puppet. I am for the ukrainian people and their justified struggle against the Moscovite oppressor. Look up Holodomor for example.
            Over the course of 35 years I have learned not to trust everything coming from the alt media. Unfortunately, during the last two decades, the moscovites have infiltrated much of it.
            GLORY TO UKRAINE!

          Mar 07, 2022 07:18 PM

          Of course you should not blindly trust any media source.
          Declaration from Italy’s Archbishop Carlo Maria Vigano Regarding the Russia – Ukraine Crisis

    Mar 05, 2022 05:40 PM

    Hi Ex, I noticed you mentioned you were taking some profit, this is obviously short term. Some of my stocks have just started to run, do you think we will see a small correction here before the party starts to really take off. How long do you think the correction will last, I noticed some of the more familiar names with larger deposits like Eskay and Eloro made a corrective move on Friday but they have also made some good gains. Is liquidity an issue for now, apparently Rick Rule thinks so. Thanks DT

      Mar 05, 2022 05:51 PM

      Yeah I just trimmed back parial positions over the last 2 weeks in some companies where I had heavier weighted positions that had moved, just to raise some dry powder for pouncing on any short-term pullbacks.

    Mar 05, 2022 05:43 PM

    USA/USAS holders have good reason for optimism. It’s up 60% since late January and looks more appealing than it has in many years.

    Mar 06, 2022 06:21 AM

    MaxSat(7) Upside Power
    Continuing Trend?

    Mar 06, 2022 06:51 AM

    I listened to an interview with Martin Armstrong. Mr Armstrong said he saw the commodity cycle lasting well into the end of 2024.
    This got me thinking, with all the Geo Political tension, does this bring my favorite Trillion dollar piece of moose tundra back into play? Northern Dynasty.

    Mar 06, 2022 06:22 PM

    $COMPQ:$GOLD showed a big bull hammer the week before last and it failed miserably the following week. Sentiment is bad but I still doubt there will be much of a bounce just yet.

    Mar 06, 2022 06:19 PM

    Boom Baby………… gold up…… moon shot……… lol…….

      Mar 07, 2022 07:57 AM

      Bust Baby……….. rocket ride…….. on a slide down….. Go London,..or is that Go Brandon… lol…..

    Mar 06, 2022 06:31 PM

    $2000 is close…
    $5. Copper and NG is here

      Mar 06, 2022 06:10 PM

      Two red candles when we passed $2000 …. Shirley not ….

        Mar 07, 2022 07:18 AM

        Make that an 8 candle walk down of Gold. Sure ….

    Mar 06, 2022 06:28 PM

    Gold and the Dollar rise together.

      Mar 06, 2022 06:07 PM

      That’s an illusion. The dollar is simply falling less than the euro. Like the rising gold price, the very high price-inflation of late is due to the dollar’s purchasing power falling.
      It wasn’t that many years ago that few would have believed that the USDX could be this high while gold is so high and that’s because the deception has worked as intended.
      The senior currency is the strongest of the currencies and that should be no surprise but it should also be no surprise that only gold, real money, is rising in real terms.

        Mar 06, 2022 06:18 PM


        Mar 06, 2022 06:02 PM

        Earlier they were rising together significantly.
        Price is price, no matter internals.
        Both may be topping.

          Mar 07, 2022 07:40 AM

          PMs may have topped.

            Mar 07, 2022 07:59 AM

            NB: Peace talks.

    Mar 06, 2022 06:44 PM

    Yes, price is price to the investor/speculator placing his bet. My point is that the dollar’s strength lately has been 100% an illusion with respect to its purchasing power which has only gone down. Cash is no safe haven.
    Unlike stocks, bonds, Bitcoin, etc., gold doesn’t move in isolation. It’s swings are inversely tied to swings in the real value of the dollar.

    Mar 06, 2022 06:14 PM

    Crude @ $$125– a barrel. Putin giving Biden administration, amongst other lessons, an education on macro- economics 101

      Mar 07, 2022 07:03 AM

      Wow! Oil at $125! I was out of pocket most of the weekend and hadn’t been in front of the glowing screen since Saturday morning. These commodities are still racing higher.

      Palladium @ $3334. Platinum at $1156.

      Copper @ 5.01 (it broke the $5 barrier)

      Nickel (am I seeing that correctly that it’s up 26% in overseas trading?) – Wild!

      Silver @ $26.15

      … and how about Gold over $2000 again?

        Mar 07, 2022 07:06 AM

        It will be interesting to see how much of these gains can be held onto moving into the open in US markets in the morning, but overseas trading kicked off with a bang.

        Mar 07, 2022 07:10 AM

        NatGas 5.16

    Mar 07, 2022 07:55 AM

    Last I heard, Bank of America still massively short silver. Is this a stress test?

    Mar 07, 2022 07:24 AM

    We need an exact count of counterfeit contracts against the Gold Price overnight…

    Then we need sanctions against the American Oligarchs and Central Bankers …

    Intervention becomes larger… what was looking like a good day in the metals, is now another criminal intervention..

      Mar 07, 2022 07:44 AM

      Futures Now Red: Gold, Silver, Copper, Platinum, Palladium and Natural Gas.

      General Markets have been improving. Reasons Are as Follows: …
      8:40 EST

        Mar 07, 2022 07:37 AM

        Opened + $11,000
        3 minutes later: – $ 10,877


          Mar 07, 2022 07:00 AM

          30 minutes in to open: – $25,000

          Gold, Silver, Platinum, WTI, Brent: Green

            Mar 07, 2022 07:10 AM

            first three are undervalued……….. and have been for a few years……. jmo

            Mar 07, 2022 07:22 AM

            2 of 3 oils down
            Repetitive pattern day after day

            Now – $40,000 after hour. Commodities turning green for most part but they already triggered the “downside algos”. Green paper prices does no good when algos set the trend.

    Mar 07, 2022 07:24 AM

    Another round of good drill results for group ten and it’s back up to that .415(cdn) level. Needs to push through this time….or at least hold these levels.

      Mar 07, 2022 07:37 AM

      PGE, Group Ten, rising nicely today finally…

      Flying Nickel doing very well too, I only own a bit but may buy more. No chart available yet, up 40% today but bouncing all over the place.

      Mar 07, 2022 07:43 AM

      Best short term move I have seen in Group Ten in years. I hope this is a sign that money is headed to value. I still need to see it hold around .40 US to add.

        Mar 07, 2022 07:17 AM

        I have had many good laughs at some of your posts and wish you all the best fortunes investing.

    Mar 07, 2022 07:40 AM

    BBB, Brixton, up today on a breakout looking thingy…

      Mar 07, 2022 07:52 AM

      I helped the breakout by selling some Friday as I was holding more than I should have and saw too many other bargains. Net effect is I’m even with the move in bbb and my quick day trade of oyl. If only I had bought back the bbb before the close Friday. Coulda woulda shoulda

        Mar 07, 2022 07:25 AM

        Lately if you go get a fresh coffee off the stove the world can change before you sit back down at the computer, haha.

    Mar 07, 2022 07:44 AM

    ATH, Athabasca Oil, on a tear, it has a rerating on it’s earnings bringing it to a P?E of 3.

    Mar 07, 2022 07:52 AM

    The more the Ukraine thing goes on, and listening to the ever-growing rhetoric and lack of action, it looks like this is the War that the Central Bankers and Politicians were looking for to cover the fraud and theft that has established the unpayable debt. Lives don’t matter when it comes to personal gain.

      Mar 07, 2022 07:53 AM

      Let me add this thought to “rhetoric” above:
      Doing a forfeiture on a Russian Oligarch $100 Million Dollar Yacht. Do you just, as a government, send the local police out and take control of the Yacht, it is Podunk Government’s yacht.
      It is (US) a “civil forfeitrue” of some property (cars, condo, home, money, jar of peanut butter, etc) that has a “nexus” (a connection, link, causal link, connected series, etc) or relationship with a crime.
      Most common use is using a vehicle to transport a trafficking amount of drugs (trafficking is based on weight of the drug like 100 lbs of cocaine). The “civil forfeiture” must be filed in the Court that has jurisdiction over the crime (drug traficking). You have to prove the Nexus and one of the ways you can do that as a Judge is to look for a “Criminal Case” that has been indicted and/or convicted of the trafficking charge. Beyond that, you check ownership of the vehicle and if not the driver, why does the owner say that the driver had the vehicle. Was it a stolen vehicle and the owner can’t be tied to vehicle or knowledge of the trafficking, it can’t be confiscated. Many other issues can occur but bottom line you just can’t take a vehicle, there has to a “nexus” with a crime.

      So, move to the Russian Oligarch situation and let’s say the $100 million yacht is parked in Boca Ratan Florida and the FBI confiscates it because of the Ukraine war and because the Oligarch is a buddy of Putin. Where is the Oligarch crime that is tied to the boat. Did he buy it with laundered money (prove it). Did he bribe Putin to start the war, with money he made from fishing in illegal waters and Scalping Boca Ratan residents with fish prices in his restaurant and the proceeds could be tracked to Putin. Or was he running drugs between Cuba and Boca Ratan and they did a Court Approved search of the boat and found a statute of Fidel Castro full of heroine. Did the guy have a royalty on the Russian Pipeline that was illegally obtained and took the money and bought the yacht or may be a Russian M&A deal that was fraud and those funds could be traced to the boat and the guy was convicted of some crime associated with those legal activities that could be traced.

      My point is that you can seize a property of an Oligarch but unless you get a Court Order saying that the Boat was associated with a Crime and that Crime and the money from that crime could be tied to the purchase of the boat, and the oligarch had knowledge of the crime, etc you got to give it back. Also, if the crime you are claiming the Oligarch committed was Putin going to war with Ukraine, how can a future event be tied to a current ownership of a $100 million dollar yacht. What was the crime that led to the purchase of the Yacht (prove the relationship.

      So, taking Oligarch stuff “should under US law” probably will result in giving it back. If an improper seizure, the US could face liability for damage or lost use etc.


    Mar 07, 2022 07:42 AM

    Michael Boutros. Dollar-Gold-Oil Technical Analysis:
    “Quintessential Risk Off Moves!”

    Mar 07, 2022 07:52 AM

    Sold ALL my Q. Hennigh- B. Moriarty ALBATROSS @ US .84. Where would it be without NFGC?

    Mar 07, 2022 07:47 AM

    Dan, Calgary:

    Thanks for the comments. I thought I should let you know that I just broke the Group Ten rule
    of waiting until .40 US. I was looking at possible profit taking moves, and CNBS was talking about “Where is Ford going to get enough Nickle, etc for their EVs”. I went back to sleep during the commercial. Then they said Sabanye-Stillwater. So, thinking about that for 1.735 seconds, I took a few profits in my Copper Lake and added to Sabanye’s next door neighbor…Group Ten. Price at .34 about that time. Lower than .40 but higher than .28 last week.

    Re Big Ridge above: We just need some drill results. They are a target because of silence. There are a lot of places they can drill but already have a 1 mil resource. Just another Junior to abuse because they can.