Company Updates From Management – Wed 24 Apr, 2019

Miramont Resources – Where The Cerro Hermoso Project Goes From Here

I am happy to have Quinton Hennigh and Tyson King on the show for a comprehensive update on Miramont Resources (CSE: MONT) (OTCQB: MRRMF) (FSE: 6MR). After some management changes and the release of all the prior drill holes at the Cerro Hermoso we discuss the future exploration that is planed.

If you have any follow up questions for Quinton or Tyson please email me at Fleck@kereport.com.

Click here to read over the recent news releases outlining the management changes and commencement of Phase II drilling.

Exclusive KE Report Commentary – Tue 23 Apr, 2019

Earnings Driving US Markets and Precious Metals Continue To Drift Lower

Ed Moya, Chief Market Strategist at Oanda joins me today to share his thoughts on the strong earnings that were released today. This is helping drive the US market to within 1% of all time highs. We are also seeing the USD break higher and gold continue to drift.

Click here to visit the Oanada website.

The fallacies of the Democrats

Written by: Cal Thomas

Objectivity, like Elvis, long ago left the building in Washington and so the report by Special Counsel Robert Mueller is being read and interpreted through mostly biased eyes.

Democrats, who had counted on Mueller to prove that the Trump campaign colluded with Russia, were initially as crestfallen as they were on election night 2016. Still, they are undeterred in the pursuit of their ultimate goal: evicting the president from the White House in a political coup unprecedented in American history.

The special counsel was established to investigate collusion, though not by Trump’s political opponents during the 2016 presidential race, who allegedly funded the infamous Steele dossier, which purported to describe Trump cavorting with prostitutes and other sick behavior during a visit to Moscow. After more than two years of investigations, subpoenas, witness testimony and millions of dollars wasted, Mueller’s report concluded, “The investigation did not establish that members of the Trump Campaign conspired or coordinated with the Russian government in its election interference activities.” As for obstruction of justice, how does one obstruct something that is not a crime?

Predictably, Democrats are not satisfied. Out of desperation and exasperation, some are alleging a cover-up by Attorney General William Barr. Others want to immediately begin impeachment proceedings. For which high crime and misdemeanor?

More experienced Democrats, such as Speaker Nancy Pelosi and Majority Leader Steny Hoyer, D-Md., are rightly cautious. They remember the electoral damage to Republicans when members of that party impeached Bill Clinton. Which wing of their party will prevail?

Politico represents the fallback position for some on the left: “Forget collusion with Russia and obstruction of justice.” Say what? “The most concrete takeaway from the 448-page Mueller report is its damning portrait of the Trump White House as a place of chaos, intrigue and deception, where aides routinely disregard the wishes of a president with little regard for the traditional boundaries of his office…” Maybe so, but bad behavior and disobeyed presidential orders are not impeachable offenses. Let voters decide.

Imagine how President Trump must have felt. Not only the establishment, which includes Democrats and Republicans, but the major media were constantly assaulting him starting before the election and ever since. Some critics have accused him of paranoia, but as the saying goes, “Just because you’re paranoid doesn’t mean they’re not out to get you.” And out to get Trump they are.

Wall Street Journal columnist Kimberly Strassel writes: “President Trump has every right to feel liberated. What the (Mueller) report shows is that he endured a special counsel probe that was relentlessly, at times, farcically obsessed with taking him out.”

Republican National Committee Chairwoman Ronna McDaniel said: “It is increasingly clear that the only scandal here is the Obama administration’s repeated failure to act against Russian cyber meddling, and instead, how they prioritized spying on a political opponent – the Trump campaign – and used a phony DNCfunded dossier as justification.”

When President Obama was asked about Trump’s charge that the 2016 election might be rigged against him, Obama responded: “No serious person out there … would suggest somehow that you could even rig America’s elections.”

Add this “witch hunt” to the long list of reasons many Americans hate Washington. None of this political show affects average citizens, who are benefitting from a booming economy, job growth, lowest unemployment in half a century (including minority unemployment) and fewer people receiving food assistance. What does this have to do with more important issues, including illegal immigration and foreign policy?

The left doesn’t want Americans to focus on the administration’s successes, because they are incapable of doing better. They can only repeat their familiar scenario of higher taxes, bigger and more controlling government and “free stuff” for all.

The president and his allies have threatened a counterattack to expose corruption at the Justice Department, which created this fiasco. They should begin immediately.

Of course, Big Al agrees completely with Cal Thomas. Talk about wasting people’s money to pay for all of these futile and wasteful actions. If the Democrats show any strength at all in the upcoming elections, his opinion of much of American society will shrink to nothingness.

Company Updates From Management – Tue 23 Apr, 2019

Riverside Resources – Overview Of The Project Portfolio, Partner Funded Programs, and A Company Drill Program Being Panned

Riverside Resources is a well established prospect generator that has been around for 13 years and never done a share rollback. With around 63 million shares outstanding they are a good example of a Company that knows how to manage it’s cash.

I chatted with the President and CEO John-Mark Staude about the overall strategy of the Company. The Company has 2 partner funded exploration programs underway and is planning its own drill program on the Cecilia Property this year. Also always on the lookout for new projects to add to their portfolio. John-Mark and I chat about all these points as well as the balance the Company is taking between precious metals projects and copper focused projects.

If you have any questions for John-Mark or I regarding Riverside please email me at Fleck@kereport.com.

Click here to visit the Riverside Resources website for more information.

 

 

Joel Elconin – Benzinga Pre-Market Prep Show – Tue 23 Apr, 2019

For The US Markets The Trend Is Your Friend… And The Trend Is Up

Another good day for the US equity markets and the USD. I chatted with Joel Elconin, Co-Host of the Benzinga Pre-Market Prep Show to outline why money continues to flow into risk-on US equities. So much right now is going in the favor of US stocks, plus there are some other sectors that could play catch up and drive markets even higher.

Click here to visit the Benzinga Pre-Market Prep Show.

Exclusive KE Report Commentary – Mon 22 Apr, 2019

Introducing a New Guest Andy Hecht – Fundamental Comments on Gold, Silver and Oil

Any Hecht is well known for his commodity commentary on Seeking Alpha and now has joined Avi Gilburt on his new site F.A.Trader. I chatting with Andy today about the range bound precious metals trade and where he sees an opportunity. We then move to oil and the fundamental drivers behind this rebound in price.

Click here to visit the F.A.Trader website.

Click here to follow Andy on Seeking Alpha.

Chris Temple from The National Investor – Mon 22 Apr, 2019

Political News Driving Oil Higher While The USD and Yields Are Testing Key Resistance

Chris Temple joins me to share his thoughts on a couple markets that are at key techincal levels. We start with oil which is getting a pop on the back of US and Iran news. Next is the USD which is again closing in on at the very least a short term breakout higher. Finally we look at the bond market and the 10 year yield trying to continue it’s recent bounce.

If you are an active investors I recommend clicking here to visit Chris’s site and signing up for his newsletter.

An important editorial regarding sanctuary cities.

Trump is right to call out Democrats on sanctuary cities

BY MARC A. THIESSEN The Washington Post

WASHINGTON

It is mystifying why Democrats are so up in arms about President Trump’s declaration that he is considering releasing illegal immigrants into so-called “sanctuary cities.” After all, Trump’s plan simply follows the Democrats’ own policy prescriptions for dealing with illegal immigrants.

First, Democrats support releasing illegal immigrants into U.S. communities. Just a few months ago, during the negotiations to end the government shutdown, Democrats sought to limit the number of Immigration and Customs Enforcement (ICE) detention “beds available for interior enforcement” to about 16,500 per day, and to reduce the overall number of available beds to less than 36,000. In January, ICE was holding 48,088 illegal immigrants.

When Homeland Security officials warned this could force the release of thousands illegal immigrants, Democrats openly declared it was their goal to do precisely that. Rep. Lucille Roybal-Allard, D-Calif., who chairs the House Appropriations subcommittee on homeland security, said the goal of capping the beds was to “force the Trump administration to prioritize deportation for criminals and people who pose real security threats, not law-abiding immigrants.”

Many other leading Democrats — including presidential candidates Sens. Elizabeth Warren, D-Mass., and Kirsten Gillibrand, D-N.Y., — have gone further, proposing to abolish ICE altogether. In 2013, when she was House minority leader, Rep. Nancy Pelosi, D-Calif., — now the House speaker — called for an end to deportations for illegal immigrants who have not committed felonies, declaring “Our view of the law is that if somebody is here without sufficient documentation, that is not reason for deportation.” Some Democrats, including California Attorney General Xavier Becerra and presidential candidate and former San Antonio mayor Julián Castro, have gone so far as to propose decriminalizing illegal border crossings entirely. “The truth is, immigrants seeking refuge in our country … shouldn’t be a criminal-justice issue,” Castro said.

So, Democrats have been pretty clear — they want illegal immigrants released and allowed to live in the United States.

Where should they live? Well, it was Democrats who created “sanctuary cities” as sanctuaries for illegal immigrants. If they want illegal immigrants released, why would they oppose having President Trump release them into the very sanctuaries they created for that express purpose?

Democratic California Gov. Gavin Newsom vowed in his 2019 inaugural address to make the entire state of California a “sanctuary to all who seek it,” and on his first day in office, he proposed making illegal immigrants eligible for Medi-Cal, the state’s version of Medicaid, until age 26. Some sanctuary cities are even allowing illegal immigrants to vote in local elections. In 2016, San Francisco passed Proposition N, which allows illegal immigrants to vote in school board elections. And in 2017, College Park, Md., became the largest U.S. city to allow illegal immigrants to vote in municipal elections.

Sorry, Democrats, you don’t get to have it both ways. You can’t on one hand try to force Trump to release illegal immigrants, create sanctuaries for them and arrange local laws to encourage illegal immigrants to come to those sanctuaries, and then simultaneously be outraged that Trump wants to do exactly what you have said should be done with those who cross our borders illegally.

Trump’s plan likely won’t ever come to fruition, but the president is effectively calling out Democrats for their hypocrisy. There was a time when many Democrats believed, as Sen. Chuck Schumer, D-N.Y., said in a 2009 speech, that “Illegal immigration is wrong, plain and simple.” No longer. If Democrats won’t help the president secure the border, then there’s nothing outrageous about making them live with the consequences of the policies they advocate.

Weekend Show – Sat 20 Apr, 2019

Hour 1 – Upbeat US Data Stagflation, and Resource Stock Hot Spots
Full Hour 1

Well it was another sideways week for many sectors, including the US markets. Unfortunately the gold stocks started to get hit in the last couple days of trading this week but are still very much within this long term range.

Please keep in touch by emailing me at Fleck@kereport.com. I love hearing from all of you! And everyone have a great Easter Long Weekend!

  • Segment 1 – Marc Chandler, Managing Partner at Bannockburn Global ForEx recaps some US economic data that surprised to the upside. We also look to Europe and its recent weak data.
  • Segment 2 – Nichols Pardini, Managing Partner of The Davos Investment Group shares his thoughts on stagflation and the situation the US is in.
  • Segment 3 – Byron King discusses a recent report out of the Mackenzie Institute regarding a significant decline in reserves on the books of major mining companies.
  • Segment 4 – Chris Taylor, President and CEO of Great Bear Resources updates us on the recent announcement of doubling the current drill program to 60,000 meters. Click here to visit the Great Bear website and read the news on the updated drill program.

Marc Chandler
Nichols Pardini
Byron King
Chris Taylor – Great Bear Resources Update