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A Full 2 Hours With A Focus On Copper And Metals Stocks

Cory
June 2, 2018

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This week we are focusing the full weekend show on investing and resources. Al is taking a break for the next 2 weeks so that gives us some time to dive into companies that released news this week which we do in hour 2. Throughout the show we focus on the copper and gold markets as well as how the US dollar rebound is playing its roll.

Please keep in touch and feel free to send me comments and questions on any companies you are interested in. I can always be reached at Fleck@kereport.com.

  • Segment 1: I kick off the show with Gianni Kovacevic, Executive Chairman of Copperbank shares his insights on the copper market. We look at the exploration side of the market and how supply and demand factors are supporting the metal.
  • Segment 2: Kevin Vecmanus, Founder of Vanaurum discusses how the current QT environment could actually be good for the precious metals.
  • Segment 3: With the USD rebound underway Jordan Roy-Byrne, Founder of The Daily Gold, addresses how gold has reacted against foreign currencies.
  • Segment 4: Chris Temple discusses the general investing themes playing out right now.
  • Segment 5: John Kaiser kicks off the second hour with a look at the Novo trenching results this week.
  • Segment 6: Jeff Hussey, President and CEO of Osisko Metals recaps the last four news releases outlining the Pine Point drill results. We also address the general sell off in the shares after the Pine Point transaction.
  • Segment 7: Joe Mazumdar recaps his recent copper market research and provides his insights into the Fireweed PEA and Revival resource estimate.
  • Segment 8: We get and update from Revival Gold on the new resource estimate.

Exclusive Company Updates, News, and Interviews


Segment 1

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Segment 2

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Segment 3

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Segment 4

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Segment 5

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Segment 6

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Segment 7

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Segment 8

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Discussion
150 Comments
    CFS
    Jun 02, 2018 02:07 AM

    Thanks for show

    Jun 02, 2018 02:30 AM

    Agreed. Thanks to Cory and the contributors for another good weekend show.

    Ever Upward!

      Jun 02, 2018 02:41 AM

      Thanks CFS and Ex. I hope you guys find some good info. Please be sure to keep in touch with any suggestions on what you would like me to cover on the show.

    Jun 02, 2018 02:34 AM

    Paulson nears launch of investor alliance to shake up gold sector -sources

    Reuters | June 1, 2018

    “U.S. hedge fund Paulson & Co, led by long-time gold bull John Paulson, is set to name a group of investors that will work together to try to drive changes and better returns from gold mining companies after years of dismal industry performance, according to people familiar with the situation.”

    “The Shareholders Gold Council (SGC), expected to be launched as early as June, will have more than a dozen investors, including Delbrook Capital, Livermore Partners and Tocqueville Asset Management, one of the people said.”

    “Delbrook confirmed to Reuters that it will be part of the group.”

    “Others joining the fund will include Kopernik Global Investors, Adrian Day Asset Management, Apogee Global Advisors and Equinox Partners.”

    “BlackRock Inc and Van Eck Associates, two of the biggest mining sector investors, are also in discussions to join the group of hedge funds and institutional investors, the source added.”

    “The alliance is unusual because there is no similar group of investors targeting a specific sector, activism experts say.”

    “The group will begin by releasing research reports on the gold mining sector, the sources said, betting that shining spotlight on the space will result in greater accountability.”

    “SGC will push gold mining companies to make changes in capital allocation, compensation and corporate governance, as well as aim to raise the sector’s profile among mainstream investors.”

    http://www.mining.com/web/paulson-nears-launch-investor-alliance-shake-gold-sector-sources/

    Jun 02, 2018 02:38 AM

    Mum is Not the Word, at Least For This President

    Gary Wagner – June 1, 2018 #TechnicalAnalysis #Video #Charts #Gold #Dollar #Silver

    https://thegoldforecast.com/video/mum-not-word-least-president

    Jun 02, 2018 02:57 AM

    @Jayfire – Early FI Thoughts – Investing and Asset Classes

    https://www.youtube.com/watch?v=fcA3-OeCtsE

      Jun 02, 2018 02:04 AM

      Jay (Fi Fighter) makes some good points about investing in geographic arbitrages in real estate and in resource stocks. In the middle he gets into investing in Gold/Silver/Lithium/Cobalt mining stocks.

      For those that don’t know Jay, he is a solid guy who generated a million dollars in networth in real estate at a young age, and then transitioned over into mining stocks in 2015/2016 and built up a portfolio of 2 dozen miners that grew to over a million in worth, and then cashed some out to get into Cryptos as well.

      He travels a lot now, but offers a very transparent glimpse into his journey into Financial Independence (F.I.) and takes the approach of helping new investors look for undervalued opportunities.

        CFS
        Jun 02, 2018 02:57 AM

        I always want to listen to opinions, but really Jayfire rambled on and on without saying anything with investable information content IMO.

          Jun 02, 2018 02:23 AM

          Well that was more a cursory overview of looking for value and more geared a newer investors. If you want more investable information from Jay that is on his blog or steemit page.

          For example: Here’s a good one on some Lithium Stocks from 2 weeks back:
          _________________________________________________________

          Lithium Market Update and Thoughts – May 18, 2018
          fifighter – miningstocks

          https://steemit.com/miningstocks/@fifighter/lithium-market-update-and-thoughts-may-18-2018

          Jun 02, 2018 02:27 AM

          Jay hasn’t updated his site in a while, but used to regularly update his mining stock portfolio so investors could follow along. He’s been traveling the world the last year and taking some time away from blogging and just recently returned, but parsing through his mining portfolio gave me good ideas in the past to follow up on:

          http://fifighter.com/stocks/portfolio/

            Jun 02, 2018 02:33 AM

            Lastly, Jay did a number of youtube interviews with younger investors Fabi (The Next Big Rush) and Nick (Mining Book Guy). Nick & Jay & Fabi are a promising group of up and coming resource investors and I enjoyed their segments spanning everything from Novo & Garibaldi, to Cobalt/Lithium/Uranium stocks, to the GDXJ rebalance, investing in emerging Jurisdictions, managing risk, position sizing, etc….

            Here is a list of all the videos on Fabi’s site and if you scroll down you’ll see the ones with Jay & Nick involved.

            https://www.youtube.com/channel/UC8FndsMLWAE6gb1k-NlxU6A/videos

            Jun 02, 2018 02:44 AM

            Profiting from Madness

            The Next Big Rush – Feb 1, 2018

            Some good ideas from Fabi, Jay (Fi Fighter), and Nick (Mining Book Guy)

            https://www.youtube.com/watch?v=0FWvIBpTLU0

            Jun 02, 2018 02:51 AM

            Since I brought up my buddy Nick (Mining Book Guy), it seems appropriate to post a link to his youtube page where he does in-depth reporting on more obscure mining stocks in Africa/Asia/Latin America and of course reviews books on mining and investing. Lots of good investable ideas:

            https://www.youtube.com/channel/UC3NtWXnn_yesb-1aery7gug/videos

            Jun 02, 2018 02:57 AM

            For anyone that would like to join us in ranting on resource stocks there are a number of interesting contributors that pop in to Mining Book Guy’s room over at ceo.ca and we’re usually debating the mining or crypto or economic trends of the day at all hours (due to a number of Aussie and European contributors):

            https://ceo.ca/mbgtrends

      Jun 02, 2018 02:40 PM

      (ANX) (ANXGF) Anaconda Mining investor presentation by Dustin Angelo at CMS 2018

      The Northern Miner – May 15, 2018 #VIDEO

      “Anaconda Mining president, chief executive officer and director Dustin Angelo gives an investor presentation at the Canadian Mining Symposium in London on April 25, 2018.”

      https://www.youtube.com/watch?v=syrnTSXZXQ8

    Jun 02, 2018 02:26 AM

    Love the show! Thanks Cory.

      Jun 02, 2018 02:42 AM

      Thanks Charles! Feel free to email at anytime with companies or topics you would like to hear on the show. Fleck@kereport.com

    Jun 02, 2018 02:50 AM

    TImes up………..quote from zerohedge…. https://www.zerohedge.com/news/2018-06-01/cognitive-dissonance-surrounding-donald-trump
    With all the rah-rah and pom poms from the Trump devout, you would think that America’s economy is virtually invincible under his watch. I’m sorry to say that this is not the case. The fiscal instability of the US is still very much a “thing”, and nothing has improved under Trump. Given, he has not been in office very long, but most of our economic problems cannot be solved by any one president regardless of their time in office. Those problems stem from the power of the Federal Reserve to prop up or sabotage our system at will, and the ongoing presence of elitists within our government. Trump appears to have no intention of ever going after the Federal Reserve, and as mentioned earlier, he has invited a gang of elitists into the White House. Fiscal improvement is now impossible

      Jun 02, 2018 02:52 AM

      By Trump’s own definition, he has actually added to “the swamp” rather than draining it. Trump’s cabinet is loaded with an ensemble of elitist freaks that should have been relegated to a carnival side show.

      Goldman Sachs goons like Steve Mnuchin and James Donovan lurk the halls of the White House while other Goldman alumni like Gary Cohn seem to cycle through and are replaced with other equally unsettling characters like Larry Kudlow, a former adviser to the Clintons and John Podesta as well as an economist for the Federal Reserve bank. You have Mike Pompeo, Secretary of State and a rabid supporter of mass surveillance of the American people. There’s Gina Haspel, a CIA director wrapped up in numerous torture scandals. And let’s not forget about John Bolton, National Security Adviser, Council on Foreign Relation member and one of the chief architects behind the aggressive U.S. war policy in the Middle East since George W. Bush’s administration.

      CFS
      Jun 02, 2018 02:50 PM

      If you read Trump’s tweets……They tend to be truthful, conservative and rational.
      When trump opens his mouth and speaks anything seems possible to come out. Often he makes perfect sense, but often he he displays left-wing ideology and concepts that his tweets never do. He talks about draining the swamp; but says he would never seek impeachment for Hillary; an unindicted crook who has documentedly misused millions donated to the Clinton foundation; who enabled sexploitation of Haitian children, while doing almost nothing for earthquake relief; who took bribes ($148 million) for the sale of Uranium One; who feloneously used unsecured servers for emails, while traiterously allowing hacking of classified information…..
      I wonder, sometimes, if Trump actually writes his tweets.

        Jun 02, 2018 02:11 PM

        Very confusing at this point………I see both positive and negatives…….still hoping he not the Trojan Horse…..

          Jun 02, 2018 02:15 PM

          The American People have been tricked so many times, ….I think anything is possible.
          Donald is more negative than positive at this point……..Time is wasting and his still does not have Hilly on the Hot seat….which should be a no brainer………

          Jun 02, 2018 02:20 PM

          I have a problem with Donald on the trade mark issues……..he has over 101 trade marks, going and there are 49 trademarks with China alone…….elites have to many favors being rewarded in their favor…..I posted this the other day……Seems to be a conflict of political favor,….in his favor as a TRUMP BRAND….

      Jun 02, 2018 02:17 PM

      Ah, come on, Jerry! If you doubt Trump, it’s just cause you don’t know how to play 4D chess. I bet Frank From Moscow can tell you that. 🙂

      And I will be the first to admit I’m too stupid to play 4D chess. Just ask Mr. Chartster. 🙂

        Jun 02, 2018 02:33 PM

        Just regular chest is challenging enough………..Frank says keep it simple stupid….. 🙂

          Jun 02, 2018 02:10 PM

          Frank From Moscow – (Contrarians Contrarian Frank) for President!

            Jun 02, 2018 02:54 PM

            Frank’s motto …….will be ….an organic chicken in every pot….. 🙂

            Jun 02, 2018 02:22 PM

            Of Course we will form a new Party……..The Plucked Chicken Party…..tax payers have been plucked to death, and enough is enough.

            Jun 02, 2018 02:25 PM

            Yep, the taxpayers have little left to pluck from…… (pensions are the last place left for government theft).

            Jun 03, 2018 03:35 PM

            We have never recovered from the last recession, and all of our long-term financial imbalances have continued to get even worse. For the moment, much of the country is enjoying a debt-fueled standard of living that they do not deserve, and most of them have absolutely no idea that there is no way that this state of affairs can continue for much longer.

    Jun 02, 2018 02:21 AM

    Did John Kaiser say Sprott was interested in Acton or Pacton Gold? I couldn’t hear exactly what this junior company was.

      CFS
      Jun 02, 2018 02:57 AM

      Sprott bought 18% of Pacton:

      VANCOUVER, May 14, 2018

      VANCOUVER, May 14, 2018 /CNW/ – Pacton Gold Inc. (TSXV:PAC) (the “Company” or “Pacton”) is pleased to welcome Mr. Eric Sprott as a significant new shareholder of the Company, as announced in the recent press release dated May 9, 2018, which discussed the closing of a $5.5 million strategic financing. Mr. Sprott purchased approximately 10.1% of the outstanding common shares of Pacton and would control approximately 18.4% of the Company, on a partially diluted basis assuming the exercise of warrants.

      In addition, the Company is pleased to announce the appointment of Mr. Alf Stewart as a director. Mr. Stewart will replace Mr. Richard Kusmirski on the Board. The Company wishes to thank Mr. Kusmirski for his contributions to the Company.

      “We are pleased to welcome Eric Sprott as one of Pacton’s largest shareholders and validating our strategy to become one of the leaders in the Pilbara gold rush. Our recent initial acquisitions in the Pilbara have solidified our presence in Western Australia and will provide the cornerstone for Pacton, as we continue to aggressively acquire and explore the region,” commented Alec Pismiris, Interim President and CEO of Pacton. “I am also excited to announce the appointment of Mr. Alf Stewart to the Board of Directors. Mr. Stewart brings a wealth of experience in the capital markets and more specifically, extensive background in the financing and acquisitions of projects in Australia, going back 25 years.”

      Alfred (Alf) Stewart, B.SC. Geology, has a career spanning over 40 years in the resource and investment industries. Mr. Stewart’s career includes time spent as a geologist, stock exchange regulator, investment banker, analyst and investment advisor. Mr. Stewart has worked for such firms as Bank of Montreal, Esso Minerals, Erickson Gold Mining, Canaccord Capital, Haywood Securities, Golden Capital, and Raymond James.

      Pacton also announces that further to its news release dated April 5, 2018, it has now finalized and executed a definitive agreement whereby it will acquire a 51% ownership interest in Arrow (Pilbara) Pty Ltd (“Arrow Pilbara”), an Australian company wholly owned by Arrow Minerals Limited (ASX:AMD). Pacton also has an option to acquire an additional 29% ownership interest in Arrow Pilbara. The agreement has been submitted to the TSX Venture Exchange for final acceptance.

      The Company also advises that it has granted incentive stock options under its stock option plan to directors for the purchase of up to 300,000 common shares at a price of $0.55 per share, subject to the acceptance of the TSX Venture Exchange.

    CFS
    Jun 02, 2018 02:12 AM

    https://www.thedailybell.com/all-articles/news-analysis/americas-long-term-challenge-3-destruction-of-the-currency/

    If you read the above you will realize how dangerous is the Federal Reserve or politically-driven inflation of 2-3% percent really is. Not only does it destroy the wealth (buying power) of individual Americans, but it enables indirectly the corruption of politicians by allowing them to bend to the over-spending wishes of lobbyists and thereby the scum politicians can enrich themselves by campaign contributions (bribes), perfectly legally.

      Jun 02, 2018 02:41 AM

      THE FAKE FED, should never have been allowed to lower the rates below 5%…. Savers would be better off. The debtors are going to find out just how screwed up they have become.

        Jun 02, 2018 02:44 AM

        Trump appears to have no intention of ever going after the Federal Reserve, and as mentioned earlier, he has invited a gang of elitists into the White House. Fiscal improvement is now impossible

          Jun 02, 2018 02:45 AM

          the above quote is by zerohedge…..

            Jun 02, 2018 02:46 AM

            The elite……1%ers jewish cabal, has no intention on giving any relief……

        CFS
        Jun 02, 2018 02:30 PM

        OOTB, the Fed is just an enabler.
        The real culprit is Congress over-spending.

        The National debt is so huge, interest rates have to go to zero to prevent a financial collapse.

        I am disgusted that there are no significant criticisms about over-spending and the collusion of central banks around the world to finance massive debts.

        Economic education in most countries is so pathetically bad, people don’t realize this enables corruption of politicians, as it cheats average companies and citizens of reasonable returns on capital.

      Jun 02, 2018 02:06 PM

      Destruction of the currency? Dang, right!

      And it’s much more than the gooberment’s Bureau of Liar Statistics tell you.

      I don’t understand how the deflationistas like Mike Mish Shadlock can miss this. And what little inflation Mishlock admits to he says is in the rear view mirror. I don’t know what world Meshlock is living on but it sure isn’t the same one I have to live in.

      Everything I have to buy has gone up in price. Mishlock likes to talk about food prices. I don’t know where he buys food. Not the same places I do, that’s for sure. And of course there’s the great trick where you get the same product for the same price (or more likely a higher price), just less of it – the incredibly shrinking container. If you notice orange juice no longer comes in half gallon containers. They cut those down to 59 ounces. The other day I say 52 ounces.

      And Mishlock ought to try paying my insurance premiums, up every year. Just had to get auto-insurance for my two vehicles and once again got a premium increase. And taxes are going up. The vehicle registration tax up 30% this year.

        Jun 02, 2018 02:35 PM

        Mish is Missing in action……….I do not listen to that goof ball any more…

          Jun 02, 2018 02:39 PM

          Like I said the other day……..I do not know one thing that has gone down in price..All real things are UP, and UP big……….

            Jun 02, 2018 02:41 PM

            Real estate taxes ……Insurance…….Healthcare……..Food…….Gas……electric rate hikes, water rate hikes…..Mish is in outer space……He must be running for congress..LOL

            Jun 03, 2018 03:09 AM

            Of course everything has to go up…..because the fiat dollar is going down, and has been going down ……but, we all know that….that is those who understand the system….

          Jun 02, 2018 02:44 PM

          I still occasionally go to his site. He has some good articles on things like the gooberment pension situation but his take on inflation is off base. And he has been completely wrong about the conventional market in his predictions, an example of he who lives by the crystal ball eats broken glass.

            Jun 02, 2018 02:57 PM

            I use to listen to Mish……for about 5 yrs…or so, ….then I got tired of his take on things.,
            There is just so much time in the day, ….I figure, most of these gurus, have the same broken record and most are stuck on spin cycle…….

    Jun 02, 2018 02:20 AM

    Bix W…..and EOS…..connecting the dots…..to pizzagate……..
    https://www.youtube.com/watch?v=bOz4gadwd3s&feature=youtu.be

      Jun 02, 2018 02:21 AM

      Deep state token…….EOS

        Jun 02, 2018 02:47 PM

        Dick Algire of remote viewing fame in Hawaii has predicted and jsnip4 has also been spreading the word that EOS is supposed to go to at least $250/altcoin this Fall/Winter, but this is followed by an immediate and very hard fall to lower amounts.

        So…sell 1/2 at $250 and forget about the altcoin after that?

        Jun 02, 2018 02:37 PM

        Jerry a lot of folks are calling it the pedo coin.

        Brock Pierce LIVE On EOS Launch Day – Crypt0

        https://www.youtube.com/watch?v=plcYbKmWtSc

          Jun 02, 2018 02:58 PM

          Bix Weir, mentioned that today…….I guess the guy , who invented it, was a pervert

    Jun 02, 2018 02:44 PM

    Good interviews, Cory.

    Jun 02, 2018 02:30 PM

    Hope OWL……..is OK……….

      Jun 02, 2018 02:08 PM

      I am guessing he’s just taking a break, maybe on vacation.

        Jun 02, 2018 02:59 PM

        I think he is taking care of his better half……..He needs to kick back and relax…jmo

    Jun 02, 2018 02:43 PM

    I’ve mentioned this before. There is a large Head & Shoulders pattern forming on the XOI oil chart. We are in for a move by oil back to sub$40 oil. Possibly after the huge pullback in the markets when the S&P500 hits 3200.

    Jun 02, 2018 02:37 PM

    Cryptocurrency Predictions and Update: Sharon Michelle 05/27/18

    TEOTWAWKI NOT!

    Dark side Elite’s lose control and can’t stand it. World is being taken back over by the people.

    2. Trump will serve 2 full terms.He is protected and will be known as one of the greatest presidents in USA history….

    https://www.youtube.com/watch?v=-YT5IiImtnY

    Jun 02, 2018 02:37 PM

    (EXN) (EXLLF) Excellon Resources Drills 3,428 g/t Silver Equivalent Over 10.2 Metres At Platosa
    May 31, 2018

    High-grade results from existing mantos include:

    – 2,148 g/t Ag, 19.2% Pb and 9.7% Zn or 3,428 g/t AgEq over 10.2 metres

    – 1,153 g/t Ag, 8.2% Pb and 3.4% Zn or 1,662 g/t silver equivalent over 5.3 metres

    – 870 g/t Ag, 13.3% Pb and 12.4% Zn or 2,034 g/t AgEq over 6.7 metres

    http://www.excellonresources.com/news/details/index.php?content_id=187

    Jun 03, 2018 03:36 AM

    FED FAKE …….
    get a handle on this one and you resolve some of your problems………
    https://www.youtube.com/watch?v=eTtmpdP0ssI

      Jun 03, 2018 03:21 AM

      Trumps economic system….of trickle down economics………is not going to work….

        Jun 03, 2018 03:22 AM

        More military…….and enforcement on third world is not going to work….

          Jun 03, 2018 03:22 AM

          More enrichment of top executives……is not going to work…….

      Jun 03, 2018 03:40 AM

      This tape would be a good one for a more in depth conversation………….JMO

    Jun 03, 2018 03:38 AM

    The Psychology of Money
    Jun 1, 2018 by Morgan Housel

    > “This report describes 20 flaws, biases, and causes of bad behavior I’ve seen pop up often when people deal with money.”

    ________________________________________________________________

    1. Earned success and deserved failure fallacy: A tendency to underestimate the role of luck and risk, and a failure to recognize that luck and risk are different sides of the same coin.

    2. Cost avoidance syndrome: A failure to identify the true costs of a situation, with too much emphasis on financial costs while ignoring the emotional price that must be paid to win a reward.

    3. Rich man in the car paradox.

    4. A tendency to adjust to current circumstances in a way that makes forecasting your future desires and actions difficult, resulting in the inability to capture long-term compounding rewards that come from current decisions.

    5. Anchored-to-your-own-history bias: Your personal experiences make up maybe 0.00000001% of what’s happened in the world but maybe 80% of how you think the world works.

    6. Historians are Prophets fallacy: Not seeing the irony that history is the study of surprises and changes while using it as a guide to the future. An overreliance on past data as a signal to future conditions in a field where innovation and change is the lifeblood of progress.

    7. The seduction of pessimism in a world where optimism is the most reasonable stance.

    8. Underappreciating the power of compounding, driven by the tendency to intuitively think about exponential growth in linear terms.

    9. Attachment to social proof in a field that demands contrarian thinking to achieve above-average results.

    10. An appeal to academia in a field that is governed not by clean rules but loose and unpredictable trends.

    11. The social utility of money coming at the direct expense of growing money; wealth is what you don’t see.

    12. A tendency toward action in a field where the first rule of compounding is to never interrupt it unnecessarily.

    13. Underestimating the need for room for error, not just financially but mentally and physically.

    14. A tendency to be influenced by the actions of other people who are playing a different financial game than you are.

    15. An attachment to financial entertainment due to the fact that money is emotional, and emotions are revved up by argument, extreme views, flashing lights, and threats to your wellbeing.

    16. Optimism bias in risk-taking, or “Russian Roulette should statistically work” syndrome: An over attachment to favorable odds when the downside is unacceptable in any circumstance.

    17. A preference for skills in a field where skills don’t matter if they aren’t matched with the right behavior.

    18. Denial of inconsistencies between how you think the world should work and how the world actually works, driven by a desire to form a clean narrative of cause and effect despite the inherent complexities of everything involving money.

    19. Political beliefs driving financial decisions, influenced by economics being a misbehaved cousin of politics.

    20. The three-month bubble: Extrapolating the recent past into the near future, and then overestimating the extent to which whatever you anticipate will happen in the near future will impact your future.

    http://www.collaborativefund.com/blog/the-psychology-of-money/

      Jun 03, 2018 03:47 AM

      One of those 20 flaws, biases, and causes of bad behavior in that article dealt with politicals assumptions not being as clear as some would like to thin, and was well stated. There are so many people and comments over the years were wrong-footed investor attribute far more importance to the bumblings of world leaders on the marketplace or incorrectly extrapolate out cause/effect that are simply at odds with the reactions in the marketplace.

      ————————————————————————————————-
      From the article linked above:

      #19. “Political beliefs driving financial decisions, influenced by economics being a misbehaved cousin of politics.”

      “I once attended a conference where a well known investor began his talk by saying, “You know when President Obama talks about clinging to guns and bibles? That is me, folks. And I’m going to tell you today about how his reckless policies are impacting the economy.”

      “I don’t care what your politics are, there is no possible way you can make rational investment decisions with that kind of thinking.”

      “But it’s fairly common. Look at what happens in 2016 on this chart. The rate of GDP growth, jobs growth, stock market growth, interest rates – go down the list – did not materially change. Only the president did:”

      “Years ago I published a bunch of economic performance numbers by president. And it drove people crazy, because the data often didn’t mesh with how they thought it should based on their political beliefs. Soon after a journalist asked me to comment on a story detailing how, statistically, Democrats preside over stronger economies than Republicans. I said you couldn’t make that argument because the sample size is way too small. But he pushed and pushed, and wrote a piece that made readers either cheer or sweat, depending on their beliefs.”

      “The point is not that politics don’t influence the economy. But the reason this is such a sensitive topic is because the data often surprises the heck out of people, which itself is a reason to realize that the correlation between politics and economics isn’t as clear as you’d like to think it is.”

        Jun 03, 2018 03:00 AM

        “the correlation between politics and economics isn’t as clear as you’d like to think it is.”

        BINGO!

          Jun 03, 2018 03:17 AM

          Understanding it is a rigged system……might be the understanding of the flawed game.

          Jun 03, 2018 03:20 AM

          The course of the stock market depends almost entirely upon the money situation. With the amount of debt out there and the demographic situation of an aging population coupled with the enormous military strain placed on The US finances, it is hard not to see a time ahead without a business depression.

          CFS
          Jun 03, 2018 03:23 AM

          I disagree.
          The problem lies in misinterpretation due to time delays.
          Politics often affects economics; usually affects economics, BUT NOT INSTANTANEOUSLY.
          So people are often incorrect in their analysis.

          One can use statistics, however, to average out time delay effects and to obtain correlations.

          Statistically most communistic/excessively socialist economies always fail more quickly than free enterprise capitalistic economies.
          Now, of course, we can argue over what “free enterprise”, what is Socialistic, what is Capitalistic, etc. But that is politics.

    Jun 03, 2018 03:00 AM

    Here is the govt puppet moron is charge and things will not change……greedy for gain.
    https://www.zerohedge.com/news/2018-06-03/clapper-us-meddled-foreign-elections-and-conducted-regime-change-best-interests

    Jun 03, 2018 03:08 AM

    Hey gold bugs. Listen to Hoye on Howe.
    I did say the last few years over and over and over the chance of gold and shares would VERY likely do nothing. I argued here with the fools too boot. Not yet. Weed trades back on.
    People that obsess with gold are idiots and dangerous to your financial health.

    Jun 03, 2018 03:28 AM

    Obamaland…….and Illinois tax payers are going to foot the bill…….
    Muslim Brotherhood…..will occupy the top floor…….maybe…
    https://www.zerohedge.com/news/2018-06-03/illinois-taxpayers-face-172-million-bill-obama-land

    Jun 03, 2018 03:37 AM

    NJ…….running out of funding…………needs some more taxes………LOL
    Christy left them with a bridge to nowhere………
    https://www.zerohedge.com/news/2018-06-02/new-jersey-abruptly-freezes-spending-it-nears-financial-disaster

    Jun 03, 2018 03:49 PM
      Jun 03, 2018 03:52 PM

      Economy is still failing millions
      Not everybody who has a side hustle or who works a erratic shift wants a regular full-time job, of course. But millions of people would like a job — or a better job, with higher pay, more reliable hours, more generous benefits, and more humane working conditions.

      The only way that can happen on a broad scale is for the economy to get even stronger. The Fed ought to get out of the clouds and see that the economy is still failing for many Americans.

      The Fed might think that 3.8% unemployment is the “Mission Accomplished” signal. Millions of people scrambling for dimes disagree.

    Jun 03, 2018 03:22 PM

    STUPID……FECKING BLOODY STUPID….These are the kind of STUPID rules that come out of the mad house, that some call the EU parliment , that we in Europe have to put up with……let the muzzie terrorists cross the borders to kill & rape while they claim benifits yes thats ok…..but a cow !!!!!!!!!!!!!!

      Jun 03, 2018 03:01 PM

      Looks like MAD COW DISEASE ………….

    Jun 03, 2018 03:47 PM

    “EVIL” Soros > Any government who puts their citizens ahead of migrants is now a PUTIN puppet….
    https://www.zerohedge.com/news/2018-06-03/war-erupts-between-italys-government-and-soros-you-profited-death-hundreds-people
    Just when is this evil bastard going to die.

      Jun 03, 2018 03:00 PM

      Hang in there TONY……..wishing the best for you and yours……

    Jun 03, 2018 03:45 PM

    Silver due or die……….next 6 months.
    https://www.youtube.com/watch?v=VM0bSaZ-8rg

      Jun 03, 2018 03:45 PM

      or is the do doo time

    Jun 03, 2018 03:04 PM

    Cryptocurrency Predicitons and Updates: Sharon Michelle 06/01/18

    https://www.youtube.com/watch?v=wL-Q1luLe-I

    Jun 03, 2018 03:14 PM

    Well the FED GOT IT WRONG………like that takes a lot of intelligence……Dudley the DUD.
    https://www.zerohedge.com/news/2018-06-03/parting-interview-bill-dudley-admits-why-fed-got-it-all-wrong

      Jun 03, 2018 03:17 PM

      Gold might just have been given the green light…….see what he said…..
      nd then Dudley admits that, in their attempt to rescue the world from a fate worse than death – i.e. global deflationary credit collapse and the unveiling of where asset values really lie – The Fed has lost control of its transmission mechanism through the interest rate channel and “has created a monster…”

        Jun 03, 2018 03:18 PM

        Former Fed Chair Alan Greenspan has confidently admitted that “Ron Paul is right, Gold is money” – the only real money – despite dismissing such a blasphemous phrase during his tenure at The Eccles Building.

    Jun 04, 2018 04:26 AM

    Why China’s Payment Apps Give U.S. Bankers Nightmares

    By Jennifer Surane and Christopher Cannon – May 23, 2018

    “Wandering the streets of Shanghai to admire the architecture, the head of one of the largest U.S. consumer banks recently found himself surrounded by a gaggle of teenagers.”

    “Entranced by their phones, they hardly made way for the banker. The teens were messaging, shopping and sending money back and forth, all without cash. Instead, they were using Alipay and WeChat.”

    “The scary thing for the American: Banks never got a cut.”

    “The future of consumer payments may not be designed in New York or London but in China. There, money flows mainly through a pair of digital ecosystems that blend social media, commerce and banking—all run by two of the world’s most valuable companies.”

    https://www.bloomberg.com/graphics/2018-payment-systems-china-usa/

    Jun 04, 2018 04:37 AM

    Big problem ……..rent……and affordable housing………
    http://www.unz.com/mhudson/us-vs-china-housingand-those-millennials/

      Jun 04, 2018 04:41 AM

      That’s why now you’re finding whole buildings like 666 Fifth Avenue that Trump’s son-in-law Kushner owns. It’s reported to be 40 percent empty. He had to go to Qatar, right near Saudi Arabia, and promised to make US foreign policy serve it if its rulers would give him a loan to bail out his building. So you’re having New York commercial real estate being bailed out by Trump’s foreign policy.

        Jun 04, 2018 04:42 AM

        It’s happened in New York. It’s happened throughout most of the United States. The price of housing is rising, but not because people are more popular or prosperous. They’re paying more and more of their paycheck for housing. And as we’ve discussed before, that forces them to cut back on their other consumer spending, so that they don’t have enough money to spend on goods and services.

          Jun 04, 2018 04:45 AM

          I don’t think people realize the radical damage that Obama did to the economy by bailing out the banks and not rolling back the terms of bank credit to keep housing affordable. Obama basically said, “Make housing unaffordable. Make as many junk loans as you want. Don’t worry, because I’ll stand between you and the mob with the pitchforks.” He didn’t jail any bankers. He didn’t regulate them. He created the situation that Trump inherited. Trump has just pushed it to a further degree, with full Democratic support. The Democratic donor class loves Trump. They want him to be reelected because he’s cutting their taxes, he’s deregulating their banks, and he’s essentially deregulated fraud!

      Jun 04, 2018 04:20 AM

      WASHINGTON
      A major construction company owned by the Chinese government was hired to work on the latest Trump golf club development in Dubai despite a pledge from Donald Trump that his family business would not engage in any transactions with foreign government entities while he serves as president.

      Trump’s partner, DAMAC Properties, awarded a $32-million contract to the Middle East subsidiary of China State Construction Engineering Corporation to build a six-lane road as part of the residential piece of the Trump World Golf Club Dubai project called Akoya Oxygen, according to news releases released by both companies. It is scheduled to open next year.

    b
    Jun 04, 2018 04:53 AM

    The Silver Price ‘Do Or Die’ Window Is Closing | Christopher Aaron Of i Gold A d v i so r

    https://youtu.be/VM0bSaZ-8rg

    Silver needs to move soon or it could be a ten year wait.
    Excellent for people wanting to accumulate, maybe not so good for older people.

      Jun 04, 2018 04:28 AM

      Yep, heard that yesterday…..

      Jun 04, 2018 04:39 AM

      Time to do or die……….should be very interesting………I think Trump is not going to do anything with WALL STREET AND THE FRAUD BANKSTERS,,,, so the banksters are going to have their way… and he did say…….”You knew I was a snake , when you let me in”

        b
        Jun 04, 2018 04:38 AM

        imo Trump serves Israel, so do most in high government positions.

        imo, the question is where does Israel want the next war to be.

        Thats kind of a guess right now as Trump looks to be pressing in multiple places.

        Venezuela was the most recent threat I think.

        Heck with Canada now a threat to national security it could be Canada.

          Jun 04, 2018 04:49 AM

          Trump……needs that jewish cash…..so, I think you are correct…….

            Jun 04, 2018 04:51 AM

            Tricked again…….everything is rigged,……and I do not see anything changing…..

    Jun 04, 2018 04:32 AM

    On June 3, 2018 at 3:45 pm,
    OOTB Jerry says:
    Silver due or die……….next 6 months.
    https://www.youtube.com/watch?v=VM0bSaZ-8rg

    Reply to this comment
    On June 3, 2018 at 3:45 pm,
    OOTB Jerry says:
    or is the do doo time

    Reply to this comment

    Jun 04, 2018 04:56 AM

    Bix on Silver………..
    Hoping for hope…….
    https://www.youtube.com/watch?v=T5okNagoMDM&feature=youtu.be

      Jun 04, 2018 04:56 AM

      10 Reasons to Own……….

        Jun 04, 2018 04:58 AM

        Says……..kitco is a scammer………