A Follow-up Visit with Greg Crowe of Silver One

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Back in September, we introduced everyone to Greg Crowe, president and CEO of a new junior resource company called Silver One. As a holiday treat, here's an update on how things are progressing for the company.

Again, we offer these interviews not as an endorsement but as an introduction and, as most everyone knows, the key to success in mining company investing is diversification. To that end, though, you still need more winners than losers and that's where great management often carries the day.

So please listen to this update from Greg. Last summer, Silver One purchased three properties from First Mining Finance and the long-term potential for success is there. Additionally, Greg's 30-year career in the sector certainly provides some wisdom when evaluating what transpired in 2016 and how the precious metals might react in 2017.

More information on Silver One can be found in these three links:

Thanks for listening,

TF

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procog
Dec 27, 2016 - 12:49pm

Expectations,

Holding fiat for "the boys" finale to justify their excessive well deserved New Years party and well deserved (sarc) bonus on the last big revolting push down of PMs for year end.

James CrightonSteveW
Dec 27, 2016 - 12:49pm

SteveW - 12h23 - rebalancing

Thanks Steve - do appreciate your concern - and, indeed, the head agrees but the heart is having trouble - bitcoin is just so convenient - fully under one's own control - no storage worries - nor worries of theft. Also, I have enough shiny even if bitcoin goes to zero.

However, final decision not yet made - decisions, decisions !

jc

AIJ
Dec 27, 2016 - 12:38pm

Canary BTC

If TPTB were going to create a virtual currency they could control and heard everyone into it wouldn't be BTC. BTC is the exact opposite of what they would create/ number one point, why would they create it with a limited amount?

procog
Dec 27, 2016 - 12:33pm

Yup,

I can just feel all of the profitable stockholders tuning up their computers and iPhones to get the first order to sell executed next year for Trump's tax advantage.

Just like getting all of the family to simultaneously storm the National Park reservation system for 4th of July weekend.

Good luck! However, something will be better than nothing.

If I were still trading, this is very tempting to short.

I tell myself "Keep Stacking", That market is no longer a market, just like all of the other markets. It is going to be very entertaining in a very sick way.

@am, very similar concerns re: bitcoin. Too sluggish to execute.

Libero
Dec 27, 2016 - 12:27pm

Good point procog...

Just as those with losing positions (eg. PM stocks) were likely to sell last week to lock in "higher" tax rate losses, those who have made a good profit are waiting for the new year to sell off some stock.

I am hoping that the PM stock selling is over, nice gains so far today.

SteveW
Dec 27, 2016 - 12:23pm

Bitcoin

Someone posted the series "The Monetary Reset" a day or two ago. In part 7 a more complete fleshing out of the arguments that ancientmoney makes are presented. It's worth viewing and considering for you afficionados of Bitcoin.

One point that made me wonder was the glowing report when Bitcoin had a congressional hearing, while Bernard von NotHaus was persecuted over his "Libety Dollar". So why did this competing private currency get a free ride.

In part 7 the author brings in the e-dollar concept and ties it all together. It sounds like conspiracy theory because TPTB surely wouldn't be so nefarious, would they?

JC: Be cautious and rebalance your portfolio.

The True Monetary and Banking History (Part 7 A Solution Befitting Corrupt Banks and our Government)
Key Economic Events Week of 8/3

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matt_
Dec 27, 2016 - 12:08pm

Bitcoin rarity doesn't make it a store of value...

I like Bitcoin for some things. I've used Bitcoin for a few purchases just to test it out. It works well if you pay the Bitcoin miners a high enough fee for processing your transaction. If you try and move Bitcoin without paying a fee, it is painfully slow for the transaction to verify (many hours or days of time). The costs become similar to a credit card transaction fee, but you can cut out the credit card companies. It offers a lot more payment flexibility and anonymity than does a credit card or bank payment, so Bitcoin has its uses.

The problem that I have with the Bitcoin promoters is that they equate rarity with value. There are plenty of things on Earth that are rare but have no value. You need demand for something to give it value. If someone comes along with a new digital currency that has features that are more attractive than Bitcoin (like maybe transactions process faster, it scales better, is more secure, offers greater privacy, or something no one has thought of yet...), then demand for the new currency will rise and demand for Bitcoin will fall.

When you buy physical precious metals, you are holding atoms formed by nuclear fusion reactions in supernova explosions that occurred billions of years ago. Those atoms cannot be counterfeited on Earth and have physical properties that no other element on the periodic table posses. I'll stick with collecting actual atoms of Au and Ag as a store of value.

ancientmoney
Dec 27, 2016 - 11:57am

Bitcoin thoughts...

I have been tempted to buy some for awhile, but haven't pulled the trigger.

The reason is, I still smell a rat, sort of like Sinclair does.

Why? The govy is very, very quick to protect the almighty dollar. There was only one reason gold and silver futures markets were allowed to open--to control their prices when phyzz ownership was made legal again.

People go to jail, or worse, if they try to upset the private banking cartel's chokehold on wealth creation.

So, why is Bitcoin throwing it into the pols' and banksters' faces, with nary a peep?

While many "experts" say it cannot be manipulated or hacked, it could certainly be controlled, in terms of making it illegal to transact in Bitcoin. I know, I know, the black market would still be available, but that's beside the point.

Here are my thoughts, in no particular order:

1. Bitcoin is denominated in dollars, or other fiat currencies. While you can buy gold with Bitcoin today, I think it is because you still can with fiats as well.

2. The govy/banksters WANT people to trust digital money. What is to prevent them from creating their own crypto-currencies, and bidding them up so people see them as the real deal?

3. They might even create a universal crypto-currency, and claim it is backed by (irredeemable) gold.

4. Since all digital money depends on a secure, operable internet and therefore electrical grid, it seems people need to be very, very trusting of the people at the controls if they intend to put much of their life savings into digital monies of any sort.

Just my opinions. I still might dabble in Bitcoin, just to have a horse in the race...

Boggs
Dec 27, 2016 - 11:56am
Dec 27, 2016 - 11:55am

wink

Billhilly, I already passed on the story to facebook as "mine."

In other news: Deutsche Bank pays bonuses? In what other "world" does a drowning institution get to pay its top execs responsible for putting it in that condition a yearly bonus? I thought a bonus was for a prosperous year, beyond goals set the year before.

From ZH:

'The ECB lowered the minimum capital requirements for Deutsche Bank on Tuesday, giving the lender more leeway to structure dividends, and to make bonus payments which would have been impossible without the capitalization "extension."'

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Key Economic Events Week of 8/3

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8/3 10:00 ET Construction Spending
8/4 10:00 ET Factory Orders
8/5 8:15 ET ADP employment July
8/5 9:45 ET Markit Service PMI
8/5 10:00 ET ISM Service PMI
8/6 8:30 ET Initial jobless claims
8/7 8:30 ET BLSBS for July
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Key Economic Events Week of 7/27

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Key Economic Events Week of 7/6

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Key Economic Events Week of 6/29

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Key Economic Events Week of 6/8

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