Weekend Show - Sat 19 Aug, 2017

Are We All Being Tricked By The Markets?

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This was another interesting week for markets and news on the political front. We saw some increased volatility and the largest down move in the US equity markets on Thursday in 5 months (since March 21st). There are some more technical reasons now to doubt the markets but investors still seem to be distracted by political stories in the US.

In this weekend’s show we address how the media is controlling the narrative and distracting the masses with stories that have little long term impact on financial conditions. With the Jackson Hole meeting around the corner as well as a Fed and ECB meeting we should get some more clarification very soon about the overall financial system.

If you have any companies or guests you would like to see on the show please email me at anytime and I will do my best to make that happen. I can be reached at Fleck[at]kereport.com.

Also be sure to check out the company specific interviews throughout the week by clicking on the links below.

Segment 1: We are being played – Chris Martenson explains.
Segment 2: Daily Editorial Replay – An update from Prize Mining continuing to define targets for drilling commencing next month.
Segment 3: Fund Manager Dana Lyons shares his concerns with the US equity Markets as well as how to make money during a correction.

Click here to views Dana’s special offer.

Segment 4: Valentin Schmid shares his recent research on Bitcoin Cash and how to differentiate between the many different cryptocurrencies.
Segment 5: We open KER Politics with Joshua Phillip of The Epoch Times discussing aspects of disinformation.

Segment 6: Ryan Mccormick discuses his syndicated radio program Outer Limits of Inner Truth.
Segment 7: Part of our gang opines on the violence occurring in the U.S. today.
Segment 8: Joshua Phillip of The Epoch Times addresses a new dimension to the crisis with North Korea.

Exclusive Company Interviews

An Introduction to Bonterra Resources.

Exclusive Glen Eagle Resources Comments from President Jean Labrecque

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Cory's Insights - Fri 18 Aug, 2017

Consumer Spending is Not Keeping Up with Sentiment

The Charts That Tell the Story of 2017 (So Far)

This is a great breakdown of what is actually happening in the US economy so far this year. There are a number of worrisome signs in the charts below but a couple positives that are contributing to the slow growth economy that the US, and world, is stuck in.

… Click here to visit the FactSet website for the original posting…

Over the first half of 2017, Insight examined many of the trends dominating the financial industry and making headlines. However, while headlines tell part of the story, nothing quite captures the movements of the market like data. Here, our panel of FactSet experts have selected the graphs and charts most evocative of the trends driving 2017 so far. Read on for an unadulterated look at the data behind the biggest stories of the year.

U.S. Economy

Sara B. Potter, CFA, CBE, VP, Market Analysis

Consumer Spending is Not Keeping Up with Sentiment

FactSet clients: launch this chart

According to The Conference Board, consumer confidence reached a 16-year high in March 2017. The increase over the last several months appears to be driven largely by strong performance in the stock market and post-election enthusiasm. However, rising sentiment in the first half of the year was not matched by faster consumer spending growth, with retail sales growth underperforming in Q1 and Q2. We did see retail sales jump up in July, in sync with a jump in confidence, but we will have to wait to see whether this pattern holds for the remainder of the year.

Consumer Price Inflation Slows Even as Fed Rate Tightening Continues

FactSet clients: launch this chart

Following the largely commodity fueled jump in prices in January, both monthly CPI and PCE price indices have remained essentially flat in recent months. On a year-over-year basis, we are seeing steady declines in the growth rates for both measures, including their core counterparts. Given tightening labor markets, the Fed is keeping an eye on this data as part of their dual mandate to foster economic conditions that achieve both stable prices and maximum sustainable employment. Analysts surveyed by FactSet are predicting one more rate hike this year in Q4, in line with what is being predicted by futures prices.

Brick and Mortar Retail Stores Hurting while Internet Retail Surges

FactSet clients: launch this chart

The continuing trend away from traditional retail establishments and toward online shopping is having a significant impact on retail company performance. According to FactSet Market Indices, the total return for U.S. food retail companies is down 15.2% YTD and apparel/footwear retailers are down 12.7%. On the other hand, the FactSet index for internet retail companies is up 30.4% YTD.

Earnings

John Butters, VP, Senior Earnings Analyst

S&P 500 Companies with International Exposures Expect Higher Growth

Companies in the S&P 500 with more global revenue exposure are projected to report higher earnings and revenue growth in 2017 …read more

Chris Temple from The National Investor - Fri 18 Aug, 2017

A balance between political market moves and fundamentals

The markets have been a wild ride over the past 24 hours. A big dip yesterday and what looked like some follow through this morning has started to reverse. Lot of political stories again dominating the headlines butt he underlying economy has seen some more positive signs. Chris Temple and I discuss the push and pull behind politics and data that are playing a roll in these day to day moves.

Click here to visit Chris’s site.

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Craig Hemke from TF Metals Report - Thu 17 Aug, 2017

Recapping the last weeks in gold and the copper breakout

Craig Hemke, Editor of TFMetalsReport.com shares his insights on the political news moving gold. We also discuss how the metal is able to weather the storm of consistent commodity ETF outflows. We also look at the copper breakout and what that means in the big picture sense (see the copper chart below outlining the inverse head and shoulders patters).

Click here to visit Craig’s website for more PM focused commentary.

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Rick Ackerman and Technicals - Thu 17 Aug, 2017

The road ahead for the US Markets and Gold

Rick Ackerman is joining me today with comments on the US equity markets and gold. He provides some general comments on what could drive markets and why he thinks a correction (possibly collapse) is coming. As for gold we get specific higher and lower targets to watch for the next breakout.

Click here to visit Rick’s website for more of his technical commentary.

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Exclusive Comments from Marc Chandler - Thu 17 Aug, 2017

Big Picture Comments on the Fed and ECB Policies

This interview was recorded yesterday shortly after the Fed minutes were released. Marc Chandler and I discuss the Fed policy when it comes to unwinding its balance sheet and continuing to raise rates. We also look at what the ECB is expected to do next year. Overall even if the Fed begins its unwind of the balance sheet it will only depend on the market’s reaction if they continue.

Click here to visit Marc website for a recap of the key data points everyday.

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Exclusive KE Report Commentary - Wed 16 Aug, 2017

A New Guest Sid Norris of Elliot Wave Plus – Insights for US Markets and Gold

I am happy to introduce a new guest to the show Sid Norris. Sid is the founder of ElliotWavePlus.com where he blends Elliot Wave technicals with Hurst Wave and some other factors. Today Sid shares his background of how he got into technical analysis as well as some comments on the US markets and gold. Pay close attention to his longer term calls for gold which he thinks could really get going to the upside next year.

Please let me know what you think of Sid’s commentary and be sure to check out his website by clicking here.

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Company Updates From Management - Wed 16 Aug, 2017

An exclusive look at the Prize Mining soil sample results

Feisal Somji, President and CEO of Prize Mining joins me today to discuss the recent initial soil sample results from the Daylight Property. We discuss the process in which the Company will go about exploring the project and how these soil samples fit into the plan.

I am a shareholder of the Company and will be watching closely what results the exploration program, which includes drilling starting next month, yield.

If you have any questions for Feisal and his team please comment or email me directly – Fleck[at]kereport.com.

Click here to visit the Prize Mining website and read the full news release.

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Jordan Roy-Byrne - Techncial Commentary - Wed 16 Aug, 2017

A broad look at Gold and Gold stocks – Key levels to watch

Even though gold has remained range bound there are some push and pull factors that could cause a pop. Jordan Roy-Byrne, Editor of TheDailyGold.com shares his technical outlook for gold and gold stocks. He points to a potential market correction as a key driver as well as the Fed reaction to this drop. We also consider lower targets that are key to hold.

Click here to visit Jordan’s website for more great precious metal commentary.

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Company Updates From Management - Wed 16 Aug, 2017

Exclusive Glen Eagle Resources Comments from President Jean Labrecque

Glen Eagle Resources released news yesterday that outlined the plans for the 43-101 on the La Cobra project. I had the chance to chat with the President of Glen Eagle Resources, Jean Labrecque this morning to get a better understanding of the steps the Company will take to further understand the resource.

Glen Eagle Resources is a sponsor on the site and a Company that has my interest because of the unique position they have built in Honduras. The Company has small scale commercial production underway and plans to continue to grow the production in the short term (we touch on this in the interview) as well as the exploration upside from the La Cobra property. This mining concession was granted to Glen Eagle thanks to its close relationship with the government. It was a past producing mine that has the potential to still have a nice resource at the dump site (rock that was not economical at much lower prices) plus at the actual mine.

Click here to visit the Glen Eagle website for more information.

Also feel free to email me with further questions for Jean. I can be reached at Fleck[at]kereport.com.

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Exclusive KE Report Commentary - Tue 15 Aug, 2017

An Introduction to Bonterra Resources

I had the opportunity to sit down with the management of Bonterra Resources (TSX.V:BTR & US:BONXF) at the recent Sprott Conference. As many of you know I am very interested in the Windfall Lake district which Bonterra is well positioned.

Todd Hanas, VP Investor Relations joins me to provide an overview of the Company focusing on the properties. A 60,000 meter drill program is underway which comprises mainly exploration drilling. The Company is cashed up with some strong shareholders.

Please let me know what you think of Bonterra and if you have any follow up questions for Todd and his team. Feel free to email me at Fleck[at]kereport.com.

Click here to visit the Bonterra website to learn more about the Company.

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Company News - Tue 15 Aug, 2017

Glen Eagle Resources Inc.: NI 43-101 Technical Report Commences at La Cobra

Here is the latest news from another sponsor on the site Glen Eagle Resources. This Company has a lot going for it in terms of small scale commercial production that continues to ramp up and this new mining concession La Cobra. The exploration potential of the La Cobra project is what has me very interested.

The plans are to drill the dump site – where past miners have left material that were not high enough grade at the time – but this is a process. I will be having the President Jean Lebrecque on the show tomorrow to discuss the future Company plans and update us on the current production.

Click here to listen to our most recent interview from last month.

…Here’s the news…

MONTREAL, QUEBEC–(Marketwired – Aug. 15, 2017) – Glen Eagle Resources Inc. (TSX VENTURE:GER) reports that initial sampling and mapping has commenced at the Company’s La Cobra gold project in Choluteca Department, Honduras. The former mine site, where the sampling was done, covers approximately 30 hectares of the 775 hectares encompassing the entire concession.

The sampling is to build a geoscientific database of the rock types and styles of mineralization that will represent the early foundation of a NI 43-101 compliant Technical Report. The database will aid the company in preparing a drill program as well as to qualify property mineralization in a three-dimensional grade distribution in historical dumps. It is also designed to aid in production scheduling to meet Cobra Oro mill optimal grade requirements as the dump sites could represent a large potential feed source for the Cobra Oro CIL plant.

The rock dump at the La Cobra Gold Property was sourced from five separate adits with both dump and adit samples showing significant textural fabrics consistent with low sulphidation epithermal gold/silver deposits.

Samples taken for analysis in this phase are found in Table 1 below.

Table 1. Samples

Sample
Sample
Property
Northing
Easting
Elevation

No
Type

m
m
m

E5810406
Surface Grab
La Cobra
0435431
1494154
53

E5810407
1.2m Vein Channel
La Cobra
0435419
1494199
58

E5810408
Grab Vein Alteration
La Cobra
Underground
58

E5810409
1.4m Chip across Vein
La Cobra
Underground
58

E5810410
Dump Grab Sample
La Cobra
0435457
1494185
34

E5810411
Certified Reference OREAS 62e

E5810412
Dump Grab Sample
La Cobra
0435482
1494194
38

E5810413
Artisanal Miner Dump Sample
Client Site
0504648
1470657
462

E5810414
Artisanal Miner Dump Sample
Client Site
0460771
1502674
95

E5810415
Artisanal Miner Dump Sample
Client Site
0460774
1502678
93

Samples have been submitted to Agat Laboratories Ltd in Mississauga, Ontario, for ICP analysis with AAS finish, after dissolution in Aqua Regia. One Certified Reference Material sample was inserted into the sample stream; OREAS 62e.

The Company plans a detailed survey of the principal dump at La Cobra, once access agreements have been signed with the local community as part of an obligatory socialization process under the new Honduran mining law. As of the date of this News Release, discussions are well advanced, with positive outcomes expected in the near term.

Jim Steel, MBA P.Geo, is the independent QP working on the La Cobra project. He has read and approved the technical content of this News Release.

“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.” Values in the …read more