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A2A with Brent Cook

74

The 2015 A2A schedule draws to a close today with this excellent and tremendously informative discussion with Brent Cook of Exploration Insights, a subscription service which offers the sophisticated speculator independent and unbiased analysis of the junior mining and exploration market.

Over the course of this 40-minute call, we discussed so many miners, mines and projects that I can't begin to name them all. You're just going to have to listen to the entire thing. And it will be an excellent use of your time, of that I am certain.

During the presentation, Brent referenced a pair of articles that he wrote earlier this year. They are linked below for your easy reference:

Thanks again to everyone who participated in A2A this year...guests and listeners alike...and we look forward to a terrific line-up of experts in 2016.

TF

  74 Comments

Bohemian · Dec 10, 2015 - 3:21pm

1st

David Caddick · Dec 10, 2015 - 3:22pm

2nd ?

Russell St.Pierre · Dec 10, 2015 - 3:27pm

coveted turd. Listened live and was fascinated. Put some more fiat into first mining finance.

Marchas45 · Dec 10, 2015 - 3:31pm

I'm in Luck Keep Stacking

Oto Krivak · Dec 10, 2015 - 4:50pm

Thank you Mr. Cook & Mr. Ferguson.

matt_ · Dec 10, 2015 - 5:03pm

I learned a lot.

Bollocks · Dec 10, 2015 - 5:35pm

How many people do you employ to help you try to make sure you come 4th each time? Must be costing you a fortune. I mean, you run a business and have to eat and go to the loo now and then, so it can't be just you.

Look, I'll do it for half the price. PM me.

· Dec 10, 2015 - 5:39pm

I don't get a dime for promoting Brent or his service. Nothing. I offer these guests as experts and recommend their services if valuable.

I do NOT have any kind of commission or affiliation agreement. 

(Probably didn't need to add that but it just dawned on me that perhaps I should.)

info metron · Dec 10, 2015 - 6:27pm

Good to know

Francis H Muldoon TF · Dec 10, 2015 - 6:44pm

Turd - You're the Best! Thanks for yet another great A2A. I signed up with Jim Comiskey to mirror your Feb calls, and got a whole lot more, I like him a lot and now feel prepared for anything! Thanks again Boatboy

Marchas45 · Dec 10, 2015 - 6:47pm

I'm good friends with the Turd. laughlaughlaugh ONLY KIDDING Keep Stacking

Mark Dreyer · Dec 10, 2015 - 8:09pm

Silver Bull, SVBL, supposedly has the largest undeveloped silver deposit in Mexico.

CDE invested millions in SVBL at $0.30 a share. It can be bought for $0.035.

CDE has the where with all to develop it when silver goes to any where near a realistic price.

This looks like a home run to me.

Wizdum · Dec 10, 2015 - 8:17pm

canary · Dec 10, 2015 - 9:29pm

The SEC will vote for the benefits of the sharks....not us, the plankton. ......My girlfriend once told me: "The powerful always exploited (in so many ways) the weaker and vulnerable ones... Nothing new."

Yes, I read Turd's comment (former post).....and still think that the sharks are the priority for SEC and CFTC decisions....and yes, many investors don't understand the 3xFTS's math.....Personally I like them for trading (short term).

S1lver Bullet · Dec 10, 2015 - 9:36pm


I was going to hold JNUG until we got the inevitable rally to 1105 in gold and the fund touched its 50DMA. Chart technicals have turned positive but now that that article has come out it is probably prudent to sell on the next pop assuming we don't all get cashed out tomorrow. 

Also:

https://blogs.barrons.com/focusonfunds/2015/12/07/sec-to-propose-rules-t...

https://www.etftrends.com/2015/12/secs-derivatives-crackdown-could-cause...

https://www.linkedin.com/pulse/sec-set-propose-derivatives-restrictions-...

Doesn't sound like they are closing them but they are going to regulate large institutions that trade them. I'm okay with that because there is some pretty shady shit that happens in daily trading it seems.

canary · Dec 10, 2015 - 9:52pm

I hope they give us money tomorrow.....not a month from now. .....surprise.... Just kidding...I hope.

canary · Dec 10, 2015 - 10:01pm

...gold and silver manipulation better than most of us here.....They can see the broader market rigging as well...I bet.....And not much they can do, if they still want to work there.

I've never been a conspiracy type personality....But the way gold/ silver and S&P performs...would be naive for me not to see manipulators agenda....And I'm NOT talking about just profit.

· Dec 10, 2015 - 10:21pm

I mean, seriously. All you can do is laugh.

Mark King · Dec 10, 2015 - 10:46pm

10 min You tube - Crouching Tigers

https://www.youtube.com/watch?v=J7e5dNiRGEk

· Dec 10, 2015 - 10:55pm

Just a single (one) Dec15 gold delivery today...and it was, of course, gobbled up by the House Account of JPM.

So, keep in mind...

Total Dec15 OI at close of "expiration day" on Nov 27: 7,849

Total Dec15 OI at close of First Notice Day Nov 30: 5,831

Total Dec15 OI as of yesterday Dec 9: 2,008

Total Dec15 "deliveries" as of tonight: 245

But, please allow me to give you some perspective.

December is usually the busiest month of the year at Comex for gold deliveries. Last year, for example, it looked like this:

Total Dec14 OI at close of "expiration day" Nov 26: 11,507

Total Dec14 OI at close of First Notice Day Nov 28: 4,536

Total Dec14 deliveries at end of month: 3,381

August typically is also a very busy month for Comex gold deliveries, if only because October is usually light. This year, it looked like this:

Total Aug15 OI at close of "expiration day" July 30: 9,215

Total Aug15 OI at the close of First Notice Day July 31: 8,295

Total Aug15 deliveries at end of month: 5,113

And Oct15 was light, as usual. It looked like this:

Total Oct15 OI at close of "expiration day" Sep 29: 3,092

Total Oct15 OI at close of First Notice Day Sep 30: 2,831

Total Oct15 deliveries at end of month: 950

Well, hells bells. Not only is December...usually the "busiest" month of the year for Comex deliveries setting up to be light...maybe not even making 1,000 deliveries...December might also be the lightest month for deliveries all year! At this rate, we won't beat Feb15 which came in at 1,174. And, as shown above, Dec15 will very likely total less than half of Dec14.

Does this matter? Does this mean anything? Is it just another insignificant anecdotal data point?

OR

Are longs and anyone else considering taking "delivery" from Comex being dissuaded from doing so? Is this a continuation of the trend from an extremely light October? Does this have anything to do with the extreme lows in both registered and eligible inventory?

Lots to consider but, for now, time go nitenite.

Wizdum · Dec 10, 2015 - 11:10pm

Wizdum · Dec 10, 2015 - 11:11pm
European Vacation - Roundabout
Derek N · Dec 10, 2015 - 11:37pm

(missed the live a2a but am now listening)

---

Last Ditch Mining and Exploration Co. (LDME)

anybody interested in getting in early on a small mining operation read on...

i started prospecting a ditch earlier in the summer and did find some baby gold (and lots of really beautiful gemstones) in my few shallow tests.

Here is a pic that is below about 2,000 feet of newly created ditch/creek where the baby gold was found in a few very shallow (not good) samples.

The site is located in North Central Missouri in the lower right corner of a geographical area known as the dissected till plains. The lower right point on the brown area in the map below...

Dissected Till Plains

as the lead geologist smiley on this exploration i can tell you that the landscape in the dissected till plains was formed back in the day when a 2 mile thick glacier broke off from the main glacier and just sat there over the area that is now called the dissected till plains.

It was really thick and had a lot of dirt and rocks and stuff in it and when it melted all the debris settled to form rolling hills of varying hilliness and rockiness, depending on the debris distribution within the glacier.

i'm guessing the glacier melted and formed the dissected till plains on top of what is thought to be the layer of bedrock in the picture above.

This specific site was covered in trees for thousands of years until farmers cleared the hills above it for pasture land in the late 1800's. Once the trees were cleared the rainwater started running down the steep hills rather than soaking in to all the fallen limbs and leaves and other ground cover, and this led to the exposure of the bedrock and concentrated the gold.

As CEO of LDME i can tell you that LDME is 100% unincorporated and unregistered so no resources are wasted on that kind of stuff.

As Operations Chief i can tell you that the mining plan is kind of sketchy, but right now the plan is to go back in the spring when the weather is nice and the bugs aren't too bad and actually dig some decent test holes. 

Some hellacious rains have stripped a runway of bedrock clean and washed everything over the bedrock cliff that goes down into that big hole in the picture above. That's where any concentrated areas of gold should be. So the plan is to start moving the big boulders and seeing how many tons of gold are in that glory hole.

(btw: LDME is not restricted by any rules or environmental concernswink)

Until the next update, please put LDME on your list! ...esp you Infometron!

And thanks T and Mr. Cook for the A2A, it has been most enjoyable thus far...

ks

Jimmy Hwang · Dec 11, 2015 - 12:07am

I don't think they will cash us out tomorrow, that would be absolutely ridiculous. It might take couple of months to implement...

info metron · Dec 11, 2015 - 12:36am

I'll take 1000 shares @ $.005/share!! Should be good for a grande Americano!

Derek N · Dec 11, 2015 - 1:30am

See you at the dig site this spring!

canary · Dec 11, 2015 - 1:53am

Forget about the 1% commission to the Credit Suisse....Its nothing. If you lost a lot of money on say silver or miners going down (using USLV, NUGT or JNUG), and you think that you're going to get your money back....Good Luck! .....The rate or percent the leveraged ETFs operate on are so deceiving. Turd gave you nice example in the former post using only 10% gain in gold, follow by lost to the original value (From $1000 to $1100, and back to $1000). Do your calculation or much higher gains and loses to see how much money you lose......If your stock goes straight up, you're going to recover some of your lost money , but if the price goes higher in steps (up, down, up, down, up...) you may even end up loosing..........They are good for short term trading (weeks at most....not months).

Why do you think JPM hired that "mat whiz" Blythe Masters? ...That staff is way too easy for her.

And my to "gangsta whiz" dogs......I bet they would oversmart Blythe's cuties.

And to be fair...that "criminal whiz" Masters....outsmarted me (financially)....I was an easy pray for her...and her mafia, from the beginning.

Robert Christiansen · Dec 11, 2015 - 2:35am

Nagalase STOPS vitamin D from binding to the Gc protein. This completely strips a human being’s body of it’s natural ability to kill cancer cells. It’s also known to cause Type 2 Diabetes. 

https://www.naturalmedicinebox.net/murdered-holistic-doctors-discovered-...

Listen to the short video starting 12 min in for 3-4 mins. 

Robert Christiansen · Dec 11, 2015 - 2:38am

Inside the US, the military industrial complex is carrying out a purge of “Israeli fifth columnists,” the sources said. One visible sign of this was the conviction last week of former New York State assembly speaker Sheldon Silver on seven federal corruption counts.

https://www.nydailynews.com/news/politics/sheldon-silver-expects-win-appeal-sources-article-1.2457276

The conviction is part of a move to remove political protection for the criminal Wall Street hedge funds and firms that are looting the US economy, White Dragon Society sources in the US say.

https://kauilapele.wordpress.com/2015/12/10/full-article-benjamin-fulfor...

Robert Christiansen · Dec 11, 2015 - 2:45am

Good News: Gold Speculators Haven’t Been This Gloomy In 13 Years

image

Gold sentiment may finally be getting bearish enough to support a durable bottom.

Gold bugs may finally be getting the good news they’ve been waiting for: gold Speculators haven’t been as pessimistic as they are now since 2002. True, the best news for gold bugs would be rising gold prices. However, to establish the conditions capable of supporting rising gold prices, investor sentiment towards the metal needs to first become exceedingly pessimistic. If that sounds backward to you, that’s how markets work.

For the read on sentiment, we are using the CFTC’s Commitment Of Traders (COT) Report. To refresh, the CFTC tracks the net positioning of various groups of traders in the futures market in the COT report. One such group is called Commercial Hedgers. As their name implies, their main function in the futures market is to hedge. On the other side of the ledger – and normally with a mirror image position – is the Non-Commercial Speculator group. These Speculators are typically funds engaged in, you guessed it, speculating.

Speculators’ positions tend to follow prices while Hedgers’ positions generally move in the opposite direction. During an extended price trend, Speculators may fare well as they will likely be positioned consistent with the trend. On the other hand, it is almost always the case that Speculators will be incorrectly positioned – and to an extreme – at major turning points in a market. And while the moniker may not be fair, it is for this reason that the Speculator group is most often considered “dumb money”.

One group that hopes that moniker carries some weight is the gold bug community. That’s because Non-Commercial Speculators in gold futures are the least net long that they have been in 13 years.

image

As the chart shows, as of December 1, Speculators have not been this close to going net short since late 2002 when the gold bull market was just getting started. On the other side, Commercial Hedgers have not been this close to net long since that same time. They are slightly less short than the last time we pointed out such an extreme, in early August. Following that reading, gold proceeded to rally about $100 over the next couple months.

Gold could not sustain those higher prices, however, and have since dropped below those summer lows. That outcome is consistent with the more contemporary behavior of this data as it seems to be more volatile and quicker in moving from one extreme to the other. This is quite likely owed to the rise in popularity of commodity-based ETF’s that access the futures markets. The result has been that the impact on prices of the extremes in positioning has been more abrupt and less durable than in the past.

Another challenge in applying this analysis is that it is difficult to correctly determine when an “extreme” in positioning will actually result in a price reversal. As is said regarding all sorts of market metrics, an extreme in COT positioning can always get more extreme. Thus, while the Speculators’ lowest net long position in 13 years should and likely will be a bullish factor at some point, it’s possible that that point won’t appear before even more pain occurs in the gold market and the positioning gets even more extreme.

It won’t take much more selling pressure to push Speculators into a net short position and Hedgers into a net long position for the first time since the onset of the gold bull market. And while markets don’t typically conform to a tidy narrative such as that marking the bottom for gold, it would certainly be a welcomed development for gold bugs.

At a minimum, as we said in the August post, what has mostly been a headwind for gold for the past decade or so is no longer the case. While it may not make an immediate impact, “dumb money” Speculators are now more pessimistic toward the metal than at any point since early in the bull market, 13 years ago. Gold bugs should be optimistic about such pessimism. 

https://jlfmi.tumblr.com/post/134773935600/good-news-gold-speculators-ha...

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The TFMR Silver Round

Key Economic Events week of 6/11:
6/12 Trump-Kim summit
6/12 8:30 ET CPI
6/13 8:30 ET PPI
6/13 2:00 ET June Fedlines
6/13 2:30 ET CGP presser
6/14 8:00 ET Count Draghi presser
6/14 8:30 ET Retail Sales
6/14 10:00 ET Busi.Inv.
6/15 9:15 ET Ind. Prod

Key Economic Events week of 6/4:
6/4 10:00 ET Factory Orders
6/5 9:45 ET PMI Svcs
6/5 10:00 ET ISM Svcs
6/6 8:30 ET Intl Trade and Productivity
6/8 10:00 ET Wholesale Trade

Key Economic Events week of 5/28:
5/30 8:30 ET Q2 GDP 2nd guess
5/31 8:30 ET Personal Income
5/31 9:45 ET Chicago PMI
5/31 10:00 ET Pending Home Sales
6/1 8:30 ET BLSBS
6/1 9:45 ET PMI Manu Index
6/1 10:00 ET ISM Manu Index
6/1 10:00 ET Const Spend

Key Economic Events week of 5/21:
5/22 10:00 ET Richmond Fed
5/23 9:45 ET PMI Composite
5/23 10:00 ET New Home Sales
5/23 2:00 ET May FOMC minutes
5/24 10:00 ET Existing Home Sales
5/25 8:30 ET Durable Goods
5/25 9:20 ET Chief Goon Powell speech

Key Economic Events week of 5/14:
5/15 8:30 ET Retail Sales and Empire State Fed
5/15 10:00 ET Business Inv.
5/16 8:30 ET Housing Starts
5/16 9:15 ET Industrial Production
5/17 8:30 ET Philly Fed

Key Economic Events week of 5/7:
5/9 8:30 ET PPI
5/9 10:00 ET Wholesale Trade
5/10 8:30 ET CPI
5/11 8:30 ET Import/Export Prices

Key Economic Events week of 4/30:
4/30 9:45 ET Chicago PMI
4/30 10:00 ET Pend Home Sales
5/1 9:45 ET PMI and ISM Mau Idx.
5/1 10:00 ET Const. Spending
5/2 2:00 ET FOMC fedlines
5/3 9:45 ET PMI/ISM Svcs.
5/3 10:00 ET Factory Orders
5/4 8:30 ET BLSBS

Key Economic Events week of 4/16:
4/16 8:30 ET Retail Sales, One Fed Goon speech
4/16 10:00 ET Business Invt.
4/17 9:15 ET Industrial Prod., Four Goon speeches
4/18 Two Goon speeches
4/19 8:30 ET Philly Fed, One Goon speech
4/20 Two Goon speeches

Key Economic Events week of 4/9:
4/10 8:30 ET PPI
4/10 10:00 ET Wholesale Trade
4/11 8:30 ET CPI
4/11 2:00 ET March FOMC minutes
4/12 8:30 ET Imp/Exp Prices
4/13 Fed Goon Speeches...Rosengren 7:30 ET, Bullard 9:00 ET, Kaplan 1:00 ET

Key Economic Events week of 4/2:
4/2 9:45 ET PMI Mfg Idx
4/2 10:00 ET ISM Mfg Idx and Construction Spending
4/4 9:45 ET PMI Svcs Idx
4/4 10:00 ET ISM Svcs Idx and Factory Orders
4/5 8:30 ET Intl Trade
4/6 8:30 ET BLSBS

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