Company Updates From Management - Thu 12 Jul, 2018

Novo Resources – Answering A Wide Range Of Questions

Quinton Hennigh, President & Chairman of Novo Resources took some time today to answer a wide range of questions. We recap the news this week of an agreement signed with the Ngarluma Aboriginal Corporation then move into the exploration in the Pilbara region. We also get an update on Beatons Creek which has been off most investors radar of late.

Please keep the questions for Quinton coming. I can be reached at Fleck@kereport.com.

Download audio file (2018_07_12-Quinton-Novo.mp3)

Click here to visit the Novo website.

Click here to read over the most recent news release.

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Brien Lundin Commentary - Thu 12 Jul, 2018

Inflation Strong But Commodities Under Pressure

Brien Lundin joins me today to share his thoughts on the inflation data from this week. PPI and CPI have been running over the Fed’s 2% target level for years. That might force the Fed to ramp up rate hikes but they have said they are ok with being behind the curve. We also touch on gold and copper and their inability to bounce.

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Click here to visit the website for the New Orleans Investment Conference.

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Rick Ackerman and Technicals - Thu 12 Jul, 2018

Copper, Yield Curve, Gold, and US Markets

Rick Ackerman joins me with comments on the copper price, flattening of the yield curve, gold, and how Amazon impacts the the broad averages. Always looking for a top and why investors in a broad sense are going to get out of the markets the charts keep on pointing higher.

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Click here to visit Rick’s site for more technical commentary.

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KER Politics - Wed 11 Jul, 2018

With no agenda, the Regressives (calling themselves “Progressives”) have resorted to the Blame Game as negative drama is all they have left.

Download audio file (Wednesday-Editorial-Amernick-Use.mp3)

Here’s a hoot! Hillary Clinton, obviously a co-star is attempting to get back to star status by headlining the upcoming Democratic Convention along with Elizabeth Warren and old time veteran Bernie Sanders.

I would certainly like your comments on our views expressed here. Best to all.

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Jordan Roy-Byrne - Techncial Commentary - Wed 11 Jul, 2018

Why The S&P Is The One To Watch For The Gold Price

Jordan Roy-Byrne, founder and editor of The Daily Gold joins me today to share his thoughts on why gold investors need to watch the S&P more closely than the USD. These comments are also tied into a bigger picture look at where the PMs are heading to the end of the year.

Download audio file (2018_07_11-Jordan-Roy-Byrne.mp3)

Click here to visit Jordan’s website for more valuable metals commentary.

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Company News - Wed 11 Jul, 2018

Skeena Intersects 16.02 g/t Gold Over 12.25 Metres at Snip

Skeena Resources announced some more impressive drill results from the Snip Project today. Some great headline numbers of 16g/t over 12.25 meters while also another hole of 11.81 g/t over 12.20 meters. The stock is reacting well today (up over 12% right now) during an overall down day for the metals sector. I still believe that the stock has under-performed the ongoing very nice drill results from Snip.

Please let me know your thoughts on why until today the stock has been lagging the drill results and if you have any questions for the Skeena team when I chat to them next – Fleck@kereport.com.

Click here to listen to the most recent interview with Walter Coles.

…Here’s the news…

Vancouver, BC (July 11, 2018) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to report additional assay results from the Phase II underground drilling program at the Company’s 100% owned Snip Gold Project (“Snip”) located in the Golden Triangle of British Columbia.

The Phase II drilling program totaling 11,000 metres is being performed from surface and underground utilizing two drill rigs. Building upon the data gathered from the Phase I campaign, the Phase II program is designed to expand newly modelled zones via widely spaced exploratory drill step outs, further delineate known mineralization in areas of low drilling density and validate the historical data in preparation for a maiden resource estimate at Snip. Reference mine sections are presented at the end of this release, and on the Company’s website.

Phase II Drilling Highlights:

16.02 g/t Au over 12.25 m (UG18-097)
11.81 g/t Au over 12.20 m (UG18-096)
18.90 g/t Au over 2.29 m (UG18-095)
5.26 g/t Au over 10.60 m (UG18-094)
5.23 g/t Au over 13.70 m (UG18-095)

Phase II Delineation Drilling Continues to Enhance Grades and Widths

The ongoing Phase II drilling on the Eastern Twin Zone continues to encounter gold grades and vein thicknesses which are significantly better than historical drilling programs. These improved results are in-part a result of a more comprehensive sampling protocol which does not rely on selective sampling and instead samples the entirety of the drillhole. The protocol is intended to provide a complete database to support economic analyses using current gold prices and modern cut-off grades.

A significant intercept in this zone includes 16.02 g/t Au over 12.25 m (UG18-097) hosted within a thicker mineralized envelope grading 12.37 g/t Au over 20.75 m. Continuity of the zone was further demonstrated 30 metres down-dip in UG18-096 which intersected 11.81 g/t Au over 12.20 m. The recent intercept in UG18-097 occurs only five metres down-dip of historical drill hole UG-1706 which returned assays of 36.8 g/t Au but over only 0.40 m, either because of incomplete and selective sampling or geological and grade variability within the same mineralized zone of interest.

Paul Geddes, Skeena’s VP of Exploration & Resource Development commented, “The Company’s short-term goal of releasing a maiden resource for Snip is underway and we continue to validate and upgrade resource confidence in areas of historically poorly delineated mineralization. The mindset of historic operators with respect to …read more

Chris Temple from The National Investor - Wed 11 Jul, 2018

Potentially Escalating Trade Wars, Commodities Hit, and US Markets Generally Stronger

Yet again we had some news overnight about potential new tariffs on $200 billion worth of Chinese goods. This pushed markets down in Asia and is really hitting base metals. US markets are also down but to a much less extent. Chris and I chat about how these trade fears continue to dominate financial markets as well as some inflation data out of the US.

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Click here to visit Chris’s site.

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Company News - Tue 10 Jul, 2018

Ngarluma Aboriginal Corporation Signs Claim-Wide Heritage Agreement

Here is the latest news from Novo Resources. Please email me with any questions you have for the Company. I will be setting up a follow up call with Quinton to get an update shortly. I can be reached at Fleck@kereport.com.

Click here to listen to the most recent interview.

VANCOUVER, British Columbia, July 10, 2018 (GLOBE NEWSWIRE) — Novo Resources Corp. (“Novo” or the “Company”) (TSX-V:NVO) (OTCQX:NSRPF) is pleased to announce that Ngarluma Aboriginal Corporation (“NAC”) has now signed a heritage agreement that includes 37 exploration license applications covering 6,645.4 square kilometers in the West Pilbara region of Western Australia (please refer to Figure 1 below). The heritage agreement sets out the protocols under which heritage surveys are conducted.

In addition, the execution of this agreement facilitates the process of granting the exploration license applications without undue delay. Applications can often take up to 12 months whilst heritage agreements are negotiated.

Novo’s overall tenement position covers five Aboriginal claim groups within the greater Karratha area. It is Novo’s intention to complete claim-wide agreements with each of the other four groups within the near future.

“We really appreciate the timely manner in which Ngarluma Aboriginal Corporation has executed this agreement covering tenement applications within Novo’s Karratha Gold Project,” commented Mr. Rob Humphryson, the CEO and a Director of Novo Resources Corp. “This agreement strengthens our relationship with NAC, allowing for a smooth transition to commence good faith negotiations to enter into a Native Title agreement with respect to mining. We look forward to maintaining our positive relationship with NAC and progressing the Karratha Gold Project.”

About Novo Resources Corp.

Novo’s focus is to explore and develop gold projects in the Pilbara region of Western Australia, and Novo has built up a significant land package covering approximately 12,000 sq km. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail leo@novoresources.com

On Behalf of the Board of Directors,

Novo Resources Corp.

“Quinton Hennigh”                             
Quinton Hennigh
Chairman and President

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 news release.

Forward-looking information
Some statements in this news release contain forward-looking information (within the meaning of Canadian securities legislation) including, without limitation, the expectation that the exploration license applications will be granted and that claim-wide agreements can be signed with each of the other four Aboriginal groups in the near future. Forward-looking statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, the Company’s ability to complete claim-wide agreements with each of the other four Aboriginal groups within the near future or at all, and that exploration licenses will be granted.

A PDF accompanying this announcement is available at

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Industry Reports - Tue 10 Jul, 2018

Tax Cuts Work – Deficits rise only because governments keep spending too much

The article below probably won’t surprise anyone but it does a great job of outlining why counties continue to pile up debt. Tax cuts can actually spur growth and bring in more money, the issue is governments end up spending more. It’s a vicious circle that does not seem to be ending.

Click here to visit the original posting page over at the Epoch Times.

… Here’s the full article…

Tax Cuts Work

Deficits rise only because governments keep spending too much

It happened again. Tax receipts soared in the United States after the recent tax cuts.

Although it will take a while for the full effect of the 2017 tax reform to kick in, U.S. state and local government tax revenue climbed to $350.2 billion in the first quarter of 2018, a rise of 5.8 percent compared with the same time period in 2017. Individual income tax collections had big gains for a second-straight quarter with a 12.8 percent increase to $107.4 billion in 2018’s first quarter.

But the evidence of the positive impact on growth, jobs, and wages of lower corporate taxes has been published in many studies over time. The example of more than 200 cases in 21 countries shows that tax cuts and expenditure reductions are much more effective in boosting growth and prosperity than increasing government spending.

Multiple studies conclude that in more than 170 cases, the impact of tax cuts has been much more positive for growth.

In Denial

However, some commentators continue to deny the positive impact of tax cuts using the argument that deficits rise.

The fallacy that “deficits rise” has nothing to do with tax cuts, but with increases in government spending on top of the tax cuts.

The deficit excuse is very simple. It says taxes should not be cut because governments will spend all revenues, even if these increase, and more. But this excuse is wrong.

The mistake of pointing at deficits as proof that tax cuts don’t work is debunked by looking at the proposals of the same economists that argue against tax cuts. Economist Paul Krugman is one example. He argued against tax cuts in his New York Times article “Time to Borrow” after the Obama administration increased debt by $10 trillion. These demand-side economists defend deficit spending, yet consider tax cuts as negative … because deficits may increase. Only Keynesian economists manage to pull off such mindbending logic.

Deficits need not rise or exist at all if governments spend in line with revenue growth. And the evidence points to rising revenues from lower taxes and higher growth.

Deficit Spending

While analyzing the deficits of the G-20 economies during the past 15 years, we found that more than 80 percent come from higher spending. Even in the 2008–2010 crisis, European government deficits were explained more by the “stimulus” plans and government spending increases than any loss of revenues.

Spain, for example, lost 40 billion euros of tax revenues from the bursting of the real …read more

Rick Ackerman and Technicals - Tue 10 Jul, 2018

A Wait And See For Gold And Higher Levels For US Markets

Rick shares a recent gold trade where his subscribers got long but quickly got stopped out on. This now leads Rick to think there are still too many bulls and the market could benefit from a quick pullback. As for the S&P it is reaching close to a potential stopping point but if it can breakthrough watch out for new all time highs.

Download audio file (2018_07_10-Rick-Ackerman.mp3)

Click here to visit Rick’s site.

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