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A2A with Brent Cook of Exploration Insights

81

With the mining shares already up 10% YTD and seemingly poised for a breakout, what a great time to pick the brain of the always-insightful Brent Cook of Exploration Insights.

First of all, here's a chart of the HUI index showing the pending breakout of the shares, in general:

Brent was extraordinarily generous with his time and expertise today so it would be impossible for me to list all of the specific companies and shares that we discussed. Instead, you're just going to have to listen to the entire program. And you won't be disappointed! You might actually learn a thing or two along the way!

Thanks again to Brent for all his efforts and we strongly encourage everyone with an interest in the sector to check out Brent's newsletter at https://www.explorationinsights.com

TF

  81 Comments

Thor · Aug 24, 2017 - 3:10pm

And thanks for the link to the Nomi Prins interview.

canary · Aug 24, 2017 - 3:17pm

And why would they?

Yellen has to be careful about the coming turmoil in Washington (debt ceiling, tax reform,...)

Draghi doesn't want a stronger Euro hurting it's economy.

AGXIIK · Aug 24, 2017 - 4:18pm

While listening to the podcast, it came to my attention that Maine's Bah Hahberians and the Hampton toffeenose set, in the throes of the tourist summer season, are so strapped for workers, they're trying to hire Americans.

Oh, the Horror; the Humanity.

StevenBHorse · Aug 24, 2017 - 4:28pm

And get a great response.

Thanks for having Brent on Turd. I wish I could have listened live.

Joe Smith · Aug 24, 2017 - 4:50pm

Ronnie 666 · Aug 24, 2017 - 5:29pm

An interesting talk but she completely ignored the geopolitical view of Russia and China. The discussion was Western / US centric and payed no attention to the East and how this game of musical chairs can be destroyed very easily by a big Eastern player. Also this CB game is generating $1-1.5 T in debt in the US alone then add a $T in Europe and 1/2T in Japan and a $T in China and we have at least $4-5T a year in new debt. What can go wrong ? She never discussed that aspect? Today's Trillion is yesterday's Billion. Isn't that is why we are all on Turds site ? 

· Aug 24, 2017 - 5:39pm

This has been such a BS, dull week with the USDJPY just moving back and forth. To that end, check this:

Mon 8/21 CDG up $5.10

Tue 8/22 CDG down $5.70 OI down 5,400

Wed 8/23 CDS up $3.70 OI back up 5,800

Thu 8/24 CDS down $2.70

NET change: +$0.40

NET OI change Mon-Wed: -448 contracts

Ridiculous.

And in CDS:

+1¢ then down 3¢ then up 6¢ before today's -8¢ for a NET of -4¢. The Banks just simply trying to run out the clock on Sep17.

However, we noted yesterday that CDS was firm and actually closed above the 200-day for the first time in the 10-day capping stretch. And what happened in OI? After being flat to slightly down all week, it suddenly surged by 4,900 as The Banks moved to halt the advance and protect against option expiry losses.

What a freaking scam. 

abundance · Aug 24, 2017 - 5:39pm
NEWS AND VIEWS FROM THE NEFARIUM
· Aug 24, 2017 - 5:44pm

Latest GFS model has Harvey coming in at 948 mb, which is a high Cat3 with winds near 130 mph.

· Aug 24, 2017 - 5:45pm
Mike · Aug 24, 2017 - 5:49pm

I really enjoyed that A2A with Brent. Most of my questions got asked and answered.

happycamper515 · Aug 24, 2017 - 6:08pm

Not sure if anyone pays attention to this and I normally don't put much credibility in this as an indicator but over the past 2 weeks GLD, GDX, GDXJ, have consistently appeared on the list on down days. GLD again top 10 today. And maybe it's just my imagination but the metals do seem to have a firmer footing under them and the smashes seemed to be contained like the silver smash last night. 

MoonShiv · Aug 24, 2017 - 6:09pm

My "conspiracy theory" mind tells me this was all planned. Here's my rundown:

US owes someone ("ach...ach...china...ach...ach") a boatload of Gold and had to show them that we audited it and it is there (for the benefit of that someone). But, how do you do this yet keep the sheeple (American'ts) from focussing on this? Arrange a diversion (Mnuchin's wife's showing off, someone magically "bitching" about this and then blowing this whole topic big by lamestream media).

Anyways, how come no one ever bitched about any other wives in any other administration before? 

Robert Murdock · Aug 24, 2017 - 6:20pm

write some articles about the last time Fort Knox was inspected for gold? I think the articles were published a couple of years ago. If I am correct, Koos might be an interesting guest to have on a future A2A. I would be interested in hearing his thoughts on the subject.

Ronnie 666 · Aug 24, 2017 - 6:33pm

matt_ · Aug 24, 2017 - 7:30pm

Here is a chart of the price of gold in dollars divided by the M2 money supply of dollars as reported by the fed since 1990:

scoremore · Aug 24, 2017 - 8:50pm

Nice!

JC · Aug 24, 2017 - 8:57pm

today like it was nothing. Thank you for the time and information Brent!

canary · Aug 24, 2017 - 9:07pm

Mattis: Thinking of sending 'defensive' weapons to Ukraine...

https://www.nytimes.com/2017/08/24/world/europe/mattis-ukraine-russia.html

Edit...Talking about Debbie W., Jackson Hole elks and bears...was more fun for me than reading the above.

happycamper515 · Aug 24, 2017 - 9:33pm

This is from his new Twitter account..."Self-Proclaimed" world's leading BTC enthusiast. As others have mentioned his tilt towards cryptos is what probably led to MF sending him packing as it became a conflict of interest for a PM dealer. Nonetheless I still think he's a knowledgeable guy and I'm interested to hear what he has to say going forward on his own.

"28 years of financial market experience, including 15 as a leading Precious Metals commentator. And now, one of the world's leading Bitcoin enthusiasts!"

lakedweller2 · Aug 24, 2017 - 9:37pm

The bears were fun. Couldn't figure out if the resort had elk on the bear's menu or was it an exercise program.

Chad · Aug 24, 2017 - 9:58pm

I went on my annual Colorado Jeep trip a month ago. On another forum I found a group that does an annual trip also. They base out of Ouray and run all the trails in the area. This year there several different states represented, Georgia, South Carolina, Arkansas, Oklahoma and Colorado.

Most of the group from outside Colorado had never trailed the area, so it was a great experience for all. A couple of guys were taking photos and videos the whole time and recently I found out why.

Attached are 2 videos that have been posted so far. I have a feeling the best are yet to come. Amazing stuff. I enjoy these almost as well as being there.

Engineer Pass - Georgia Wranglers
Engineer Pass - Georgia Wranglers

(Lemming, I have a pic for you, but can't get it to postwink)

Terrance Caffey happycamper515 · Aug 24, 2017 - 9:59pm

Miles FIRED HIM. Why did they not 

says so. He could no longer support a Sinking ship

of the Metals. Even at the end, tried to push their crap

coins, after getting his arm BENT?

Miles Franklin has rip off commissions.

Andy sees the future and MF is a horse and buckeye

 operation.

Outback

lakedweller2 · Aug 24, 2017 - 10:08pm

Strong message follows?

canary · Aug 24, 2017 - 11:59pm

Image result for images of devil funny

Lemming · Aug 25, 2017 - 12:47am

Beautiful movies! It took me 40 years to find out I couldn't eat mountains. By then I had missed the opportunity to have a career. I left my heart somewhere in those mountains.

Now I'm stuck with trying to beat a living out of silver. Could be worse, I could have been a liberal or perhaps born in New Delhi.

After seeing those clips, it makes me want to waste the next 40 years in the San Juans. Think I can make 105?

Image result for bridal veil falls telluride

AGXIIK · Aug 25, 2017 - 1:45am

 It appears that Cook has the essentials of a person who's muddy boots knowledge and experience shucks the charlatans and separates the grifters, con men and Mark Twain's favorite people, the liars at the top of a mine, from the facts

I like the fact that he bought some NOVO We'll see in maybe 6-8 months how that story holds up

J P · Aug 25, 2017 - 1:57am
  • Gold + 11.83 %
  • Silver + 6.74 %
  • DJIA + 10.23 %
  • Bitcoin + 343.30 %
lakedweller2 · Aug 25, 2017 - 2:58am

+514%

Jeffrey Kimble · Aug 25, 2017 - 8:41am

Durable goods down 6.8% 

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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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