When the “Melt-up” Melts Down

By Brian Maher This post When the “Melt-up” Melts Down appeared first on Daily Reckoning. And so the moths speed to the flame… Schwab says more clients opened brokerage accounts in the first half of 2017 than at any time since the dot-com fever: New accounts are at levels we have not seen since the internet boom of the late 1990s, up 34% over the first half of last year. Perhaps you recall what followed the internet boom of the late 1990s? But you may not recall the bewitching flame that drew the moths to their fiery demise — the Nasdaq soared 200% over the 18 months before its 2000 high. We’ve raised the possibility that today’s bull market has entered the same terminal “melt-up” phase… When fear gives way… the bears give up… and the crowd gives in. The same crowd ultimately gives back — royally — as it … Continue reading

KER Politics – Wed 18 Oct, 2017

By Big Al An opposite opinion on the 9/11 story from Jim McKinney Download audio file (Genesis-Segment-5-Oct-21-We-open-KER-Politics-with-a-discussion-of-the-events-of-911-and-their-impact-on-current-governmental-actions.mp3) …read more Source:: The Korelin Economics Report The post KER Politics – Wed 18 Oct, 2017 appeared first on Junior Mining Analyst. … Continue reading

Rick Ackerman and Technicals – Wed 18 Oct, 2017

By Cory Internal Rotation For Equities and A VXX Play With Amazon and Apple down today and the market up this is a good example of internal rotation in the markets. Rick Ackerman provides his thoughts on why this rotation continues. We also relate the ultra low volatility and Rick shares a trade in the VXX that he is watching. Click here to visit Rick’s site for more technical commentary. Download audio file (2017_10_18-Rick-Ackerman.mp3) …read more Source:: The Korelin Economics Report The post Rick Ackerman and Technicals – Wed 18 Oct, 2017 appeared first on Junior Mining Analyst. … Continue reading

Canadian Mining Hall of Fame welcomes four new inductees for 2018

By analyst By Nadia Lepak Since 1988, the Canadian Mining Hall of Fame has been recognizing and celebrating outstanding achievement in the Canadian mining industry. On January 11 the CMHF will be welcoming four new members to its prestige group at the 30th Annual Dinner and Induction ceremony. The new inductees are Ross Beaty, Bob Gannicott, Terry MacGibbon and Ed Thompson. The four will join the current 177 hall of famers and the 2018 CMHF event, to be held at the Metro Toronto Convention Centre, will reflect on their achievements in leadership, entrepreneurialism, and philanthropic work. “The Canadian Mining Hall of Fame is proud to recognize these four outstanding individuals for their lasting contributions to the mining industry, both here in Canada and across the globe,” said CMHF Chair Bill Roscoe in an official press release. Not only has each individual made considerable impact on the Canadian industry, but their … Continue reading

Why I Changed My Mind on Bitcoin

By Ray Blanco This post Why I Changed My Mind on Bitcoin appeared first on Daily Reckoning. Friday of last week, I wrote about the enormous impact blockchain technology could have on retail transactions. Verifications blockchain tech makes possible could end counterfeiting. It could end lost or stolen goods. Plus, it could allow for immediate transactions and for goods to be shipped minutes after a confirmed purchase, as opposed to hours or days. That’s just a quick look at consumer-focused applications. Banks, brokers, money managers. There are blockchain tech implications for all those jobs too. Instant stock transfers. Fee-free, immediate ledger reconciliation. The mind reels at the possibilities. To date, we’re just scratching the surface of how blockchain tech could remove barriers, costs and complications. Truly, no exaggeration, the long-term promise is a new era of commerce. That’s blockchain. Blockchain isn’t bitcoin, however. Before we float away on these rosy … Continue reading

KER Politics – Wed 18 Oct, 2017

By Big Al We discuss 9 11 and governmental trust with Dr. Ron Paul Recently we began a discussion of the 9/11 event and potential “holes in the story”. Dr. Ron Paul opines on this subject with Big Al here. Download audio file (Genesis-Segment-7-Oct-21-We-discuss-9-11-and-other-political-topics-with-Dr-Ron-Paul.mp3) …read more Source:: The Korelin Economics Report The post KER Politics – Wed 18 Oct, 2017 appeared first on Junior Mining Analyst. … Continue reading

Richard Postma – The Doctor Is In – Wed 18 Oct, 2017

By Cory Doc’s Comments On The Silver:Gold Ratio and What Will Drive Metals Doc and I chat today with a focus on the metals sector. We first address the posting form yesterday on the silver:gold ratio. We then move on to what will help the metals and the possibility of these scenarios materializing. Download audio file (2017_10_18-Doc.mp3) …read more Source:: The Korelin Economics Report The post Richard Postma – The Doctor Is In – Wed 18 Oct, 2017 appeared first on Junior Mining Analyst. … Continue reading

Company News – Wed 18 Oct, 2017

By Cory Secova’s First Rushed Assays from Duvay/Chenier Confirms Near-Surface Gold Mineralization Here are the first drill results from Secova Metals. These results only encompass the top 46.5 meters of the first drill hole out of a total of 3,207 meters drilled. Still a lot of news to come out but the Company seems encouraged by the near surface results. Also note that Secova is raising money to fund the Phase 2 program that is planned. I will be chatting with Brad Kitchen, Chariman and CEO of Secova about these results later today. If you have any questions for Brad or I please comment or email at Fleck@kereport.com. Click here to visit the Secova website. … VANCOUVER, BRITISH COLUMBIA – October 18, 2017 – Secova Metals Corp. (“Secova” or the “Company“) (TSXV: SEK, Frankfurt: N4UN, USA: SEKZF) is pleased to announce it has completed the Phase 1 drill program at … Continue reading

Scotiabank to offload gold trading unit

By analyst By Cecilia Jamasmie The Bank of Nova Scotia, A.K.A. Scotiabank, is offloading its gold business in the wake of a massive money laundering scandal involving smuggled gold from South America by one of its clients. The Canadian lender’s ScotiaMocatta business is one of London’s main gold trading banks and, according to Financial Times, had among its clients a US refinery accused in March of money laundering using “billions of dollars of criminally derived gold” mostly from Peru. Moves comes on the heels of massive money laundering scandal involving smuggled gold from South America by one of the bank’s clients. Court documents filed in Florida claim that workers at a subsidiary of Elemetal, a precious metals refinery in Dallas, “knowingly conspired to purchase gold with the intent to promote the carrying on of organized criminal activity, including illegal gold mining, gold smuggling and the entry of goods into the … Continue reading

These Countries May Move to Ban Cash

By Matthew Carr There’s a war on cash. “Old money” is outnumbered, fighting multiple fronts. The rise of credit and debit cards has eroded the need for cash. Meanwhile, the quick uptick of mobile payments over the last several years has been pushing physical money to the brink of obsolescence. It’s a war cash isn’t likely to win… In fact, in many countries, cash is already disappearing. In several, it could soon be banned altogether. Businesses Embrace the Cashless Society “We’re focused on putting cash out of business.” That was Visa (NYSE: V) CEO Al Kelly at the company’s investor day in June. During the summer, Visa announced it would grant up to $10,000 to 50 small merchants if they stopped accepting cash completely, instead accepting only debit cards, credit cards and mobile payments. Some restaurants, like Sweetgreen, have already phased out cash as a form of payment in many … Continue reading