Chris Temple discusses “StarChain” with Des O’Kell and Matt Potter of Enterprise Group (TSX-E; OTC-ETOLF)
You know — or should know — the deep value story of energy services company Enterprise Group (CLICK HERE later to go to Chris’ site for some of the nuts and bolts on the company, or to Enterprise’s own site HERE.) But today–joined by the company’s Exec. V.P. Des O’Kell and I.T. guru Matt Potter–they discuss what at the time was a curious late April announcement from Enterprise; about the company’s proprietary “StarChain.”
In short, you’ll learn more about pseudo “blockchain” regimens and the like in this short conversation than, perhaps, you’ve been able to glean to date. I know I have! And what is most important, of course, is understanding not the specific labels or technology…but the ways in which both Enterprise and their customers benefit from today’s advancements in technology, etc.
Click download link to listen on this device: Download Show
You may, and you’d be correct, but the rest of the market has to wake up to that first.
Starchain just seems to be a distributed ledger and nothing to do with blockchain.
Crypto Bubble Unwind Images: Fast In Altcoins, Slower In Bitcoin
Mon, 08/13/2018 – Authored by Mike Shedlock via MishTalk
Ripple, the number three cryptocurrency is down 89% from the top,
Ethereum down 76%
Bitcoin down 67%.
https://www.zerohedge.com/news/2018-08-13/crypto-bubble-unwind-images-fast-altcoins-slower-bitcoin
Here’s a bigger version of that crypto chart:
https://www.zerohedge.com/sites/default/files/inline-images/2018-08-13_9-50-00.jpg?itok=IA0OO0xE
(KASH)(HSSHF) HashChain Technology Mines 104.53 Bitcoin and 30.03 Dash Since Deploying 8,495 Rigs
by @thenewswire on August 13, 2018
https://ceo.ca/@thenewswire/hashchain-technology-mines-10453-bitcoin-and-3003
Most of the Cryptocurrencies sector is just getting absolutely smashed down lately:
How Canada’s Mining Sector Impacts the Economy
Nicholas Lepan – August 13, 2018 – The Visual Capitalist
http://www.visualcapitalist.com/canadas-mining-sector-impacts-economy/
The TSXV Selling Tsunami of 2018
by @trevtrew on August 13, 2018
Look Away From the U.S. and Gold Prices Are Soaring Higher
By Rupert Rowling – August 13, 2018
“Gold may be trading at its lowest in 18 months in dollar terms, but look at the precious metal in other currencies and you can see it’s still serving its role as a safe-haven asset.”
“Turn back the clock a few months, when political uncertainty wracked Europe with elections in Italy, Spain and Germany, and gold gained in euro terms in May, even as the dollar price fell. So adjust your currency to where the crisis is taking place, and gold remains a holder of value in troubled times.”
Gold Tumbles Below $1200 In Welcome Sign For Global Contagion
Mon, 08/13/2018
“For the first time since March 2017, spot gold is trading back below $1,200 as a surge in the dollar seems to be overwhelming any potential safe-haven flows into the barbarous relic….”
https://www.zerohedge.com/news/2018-08-13/gold-tumbles-below-1200-welcome-sign-global-contagion
ditto on the …….”remains a holder of value in troubled times”……
Cascabel Exploration Update – Exceptional Recent Drilling Results at Alpala Reveal a Larger, More Cohesive High Grade Core
by @nasdaq on August 13, 2018
“Cornerstone Capital Resources Inc. (CGP) (CTNXF) is pleased to announce the following update on the exploration program at its Cascabel copper-gold porphyry joint venture exploration project in northern Ecuador, in which the Company has a 15% interest financed through to completion of a feasibility study, plus 10% of the shares of joint venture partner and project operator SolGold Plc, for a total direct and indirect interest in Cascabel of approximately 23%.”
https://ceo.ca/@nasdaq/cascabel-exploration-update-exceptional-recent-drilling
(TML) Treasury’s Exploration and Infill Program Continuing to Intercept Significant Gold Mineralization; Provides Federal Permitting Update
@newswire on August 13, 2018
– TL18-499A: 3.81 g/t Au and 34.65 g/t Ag over 13.00 m including 10.17 g/t Au and 120.47 g/t Ag over 3.00 m in the eastern edge of the Main Zone
– TL18-494: 111 g/t Au over 1.00 m in the East Resource Target area
– TL18-488A: 3.87 g/t Au over 4.70 m including 15.60 g/t Au over 1.00 m in the East Resource Target area
– As a follow up to previously released hole TL18-489, TL18-500 intersected 2.04 g/t Au over 8.40 m, 1.64 g/t Au over 6.00 m and 1.22 g/t Au over 8.00 m in the Main Zone and continued into the developing C Zone shoot, intercepting 3.70 g/t Au over 4.00 m
– The highest silver assays reported in the program was associated with gold assays from TL18-489, which intersected 310.67 g/t Ag over 3.00 m including 921 g/t Ag over 1.00 m, found at the bottom of the C Zone shoot
https://ceo.ca/@newswire/treasurys-exploration-and-infill-program-continuing
(SMT) (SMTS) Sierra Metals Announces Filing of NI 43-101 Technical Report on the Preliminary Economic Assessment Report for a 66% Output Expansion at its Yauricocha Mine in Peru to 5,500 Tonnes Per Day Yielding a 486% Return on Investment
@newswire on August 13, 2018
https://ceo.ca/@newswire/sierra-metals-announces-filing-of-ni-43-101-technical
(SGN) Scorpio Gold Announces Forbearance Agreement
@nasdaq on August 13, 2018
“The Company will use the period until October 15, 2018 to complete its review of potential strategic alternatives, including possible sale transactions, or capital investments and financing alternatives, in an effort to fully repay the Loan. ”
https://ceo.ca/@nasdaq/scorpio-gold-announces-forbearance-agreement
(USAS) (USA) Americas Silver Corporation Reports Second Quarter 2018 Financial Results
by @businesswire on August 13, 2018
“The Company’s operations achieved record-low consolidated cash costs and all-in sustaining costs despite Galena’s operations being down for nearly a month during the quarter,” said Americas Silver President and CEO Darren Blasutti. “We expect the second half of the year to produce more silver, zinc and lead at lower unit operating costs as Galena returns to normal production and San Rafael ramps up to peak milling rates.”
https://ceo.ca/@businesswire/americas-silver-corporation-reports-second-quarter-results
A positive report from USAS. Thanks for the post Ex. It will be interesting to see if the stock starts to outperform from here.
The market had no reaction to the news.
Uranium Report: Global Leaders Discuss A Possible Industry Bounce-Back
August 10, 2018
IAEA Unveils Unique World Uranium Map
Florencia Caruso – Aug 13, 2018
https://www.iaea.org/newscenter/news/iaea-unveils-unique-world-uranium-map
When will the grind lower end for the PMs??? Time is running out for gold and silver to make and hold new highs for the year.
$Gold needed a capitulation event to bring closure to the bear leg that started a few months back, and exhaust remaining selling pressure. Gold is typically pressured from the “Sell in May and go away” and has a downside slide in the #SummerDoldrums, so it’s odd that so many are befuddled by the weakness we’ve seen in the summer.
Gold typically bottoms in late July, but recent Dollar strength has dragged this correction out into mid August. Regardless, we are entering a 6 week window where Gold seasonally rallies. It is time to stay vigilant and watch if a bottom forms this week, to build a base off. If so it would make for a nice tradable rally, where we can all make some cheddar.
As for the PMs making new highs by year end, there is a lot a more work to do, and a number of overhead resistance levels to clear first. One step at a time….
Looking for $1307……..sure would be nice……….. 🙂
+1. I like cheddar!
Look, Im not surprised by gold and silvers seasonally weak period. More surprised where there prices have ended up with still plenty of downside potential. Obviously the continued dollar strength is headwind number one, but gold continues to drift in no mans land.
Brian Leni | Successful Mining Stock Investing Can Result in Financial Freedom
MiningStockEducation – Aug 11, 2018 #AudioInterview
“Brian Leni is the founder of JuniorStockReview.com which exists to offer information, ideas, and strategies for managing speculation in the junior resource sector. Brian first discovered mining stocks about 13 years ago and was immediately intrigued. In 2014/2015, Brian anticipated that the resource sector was closing in on a bottom, and he wanted to access more capital for the expected up-cycle. So he sold his home and then invested 2/3 of the home sale proceeds into resource stocks. By August 2016, he saw his invested funds triple in value. Due to his large gains, Brian quit his professional job as an engineer and now devotes his time to researching and investing in mining stocks.”
“In this interview, Brian shares not only his success story, but also insights on how he manages risk, where he looks to find investing opportunities, and books he recommends.”
This is a post by Norvast over at Goldtent. He is a cycle guy. I thought it was worth posting here. Sorry in advance for the length of the post.
What we are witnessing in gold is a YCL (yearly cycle low), confirmed by a failed IC (weekly cycle).
The last YCL was Dec 2016
The purpose of this is to scare the pants off everyone and reduce sentiment to zero.
The moves into a YCL are almost always stretched.
This week is important because it almost certainly represents the turning point for USD, AUD and gold.
I never really get too interested in “price” as I am generally always looking at “time”.
“Price” will be what it is at the correct “time”.
It is important to look at various indicators and that is why I am always directing members to the AUD (a commodity currency), CHF, USD, some favourite miners, particularly AUS miners which seem to closely follow gold.
Normally the first weekly cycle out of a YCL is the strongest so it is NOT my expectation that it will fail but much depends on the strength of the USD because the USD and gold have been integrally linked for some time.
It is most likely that the USD will soon host a DCH and fall into a DCL, followed by another left translated daily cycle before hosting an ICL (some 6-8 weeks after the DCL). The first ICL out of the Feb YCL
It is what happens after that ICL that is most important for gold.
How strong will the USD be in the next weekly cycle be?
If history is any guide then it may be weaker than we think…
The Feb 2018 low was lower than the May 2016 3 year low and I expect the monthly high in this current 3 year cycle to be lower than the Feb 2018 3 year low and the cycle left translated and fail.
So when will that 3 year high occur?
The USD rose for 8 months out of the May 2016 low while currently we are in the 6th month.
Is it reasonable or unreasonable to suggest that once the new weekly cycle commences in say early October (say week 33) that the new ICH (weekly cycle high) in the new weekly cycle be lower than where it is at the moment?
Any substantial increase here makes it more difficult for the USD to move higher during the next weekly cycle.
In the meantime the AUD, like gold, is about to host an important YCL but again much depends on the USD on whether it will advance later this year when the USD enters it’s next weekly cycle.
So we need to look at other indicators which may give us a better guide.
May I suggest hashgraph is far more efficient than blockchain.