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Talking Metals and Materials with Mickey Fulp

The Mercenary Geologist

Our pal Mickey Fulp, the "mercenary geologist", stopped by this morning for a discussion of trade, tariffs, the metals and mining companies.

I think you'll find this audio to be quite interesting. Over the course of this discussion, Mickey addresses:

Thanks again to Mickey for his time today and we urge you to, at a minimum, consider registering for his free email newsletter. Given the status of "the markets" in 2018, we all need as much quality information as we can find.



DOOGIE · Apr 5, 2018 - 3:11pm

The Mick is The best !!!

Oh yeah # 1 today

Not #7 KD

Chernobyl · Apr 5, 2018 - 3:17pm


ArtL · Apr 5, 2018 - 4:00pm


Chernobyl · Apr 5, 2018 - 4:11pm

Nice to hear someone actually bring them up (REEs) by name. Very few companies still around in the US to invest in. A few in Canada. If China pulls out this weapon from their trade war arsenal these few anemic companies will go to the moon as they did in 2010-2011 when China used it against Japan over a much smaller dispute. Here's hoping!

Ronnie 666 · Apr 5, 2018 - 4:16pm

It’s funny how Mickey is so very concerned with the strategic value of these metals but he is not a Silver guy ( his words). That is very weird as Silver is used for everything. In a crisis like 2008 what metal disappeared ? Silver, not aluminium not cobalt not even gold. I get concerned when people ignore Silver.

Markedtofuture · Apr 5, 2018 - 4:33pm

this video @ 1:15 mark (Physic) Michelle WhiteDove https://www.michellewhitedove.com/ warns TSHTF without exact time frame. President Trump will be set up as the fall guy with what they are planning with a few other tidbits.

REALIST NEWS - India FUD - Michelle WhiteDove Update & Dick Allgire

REALIST NEWS - India FUD - Michelle WhiteDove Update & Dick Allgire
Ronnie 666 · Apr 5, 2018 - 4:40pm

That was a good interview (except for the silver remark) thanks Turd. 

One metal that was not discussed and is critical to steel production, and battery manufacture and is controlled by Russia, China and South Africa is Vanadium. Those 3 countries produce 85% of world supply. There is a vanadium miner here in Western Australia AVL whose share price has gone up 4x over the past year. I don’t own any of their stock but if you are looking for supply related investments that is one.

All the PGMs are controlled by South Africa and Russia. Without Rhodium, Swarovski could not make their crappy costume jewellery so shiny..that would be tragic and people would need to use silver. 

Chernobyl Ronnie 666 · Apr 5, 2018 - 5:05pm

Energy Fuels (NYSE: UUUU) gives good exposure to Vanadium along with Uranium

Western Uranium (CNSX: WUC) also has Vanadium if you want something much more speculative.

Rich9 · Apr 5, 2018 - 5:56pm

Anybody remember that movie? Lol

november4 Chernobyl · Apr 5, 2018 - 6:05pm

Thanks for that tip. That's the kind of information I subscribe for here (along with Turd's reports, of course). If I need info about non-pm stuff, there are 1000s of places better than here to get it.

sam020 · Apr 5, 2018 - 6:22pm
The "Secret" Reason Bitcoin Keeps Going Down... (This Is Bad)
Chernobyl · Apr 5, 2018 - 6:35pm

Not sure if that was a compliment. The last line threw me off. Either way, it was just a suggestion to look at a couple of Vanadium companies. Just signed up this week after following Craig's work for almost 7 years. I'm cheap I guess, but I think I might stick around for a while. Just getting to know the neighborhood a bit.

Chancey · Apr 5, 2018 - 7:48pm


Trump is now considering $100 billion in tariffs on China. Dow futures now down 380 and Gold up 5.40.

Will it hold or will jobs report put us back in Candy Land?

billhilly · Apr 5, 2018 - 8:09pm

Welcome aboard ! I hope your experience here is enriching !!!

bravenewworldnyc Ronnie 666 · Apr 5, 2018 - 8:10pm

I agree with you. Silver is the most important strategic metal

MoonShiv · Apr 5, 2018 - 8:23pm

I continue to be surprised at how many of well-known commentators/researchers in the PM sector don't consider silver's value:

Which is the metal with the "HIGHEST ELECTRICAL CONDUCTIVITY"?

Which is the only metal almost considered a medicine (colloidal)?

Which is the only metal that has multiple countries named after it (Argentina anyone)?

Which is the only metal used in pretty much every modern electronic device (ipads/phones/tvs, everything)?

Which is the only metal (only thing on this earth) that is considered to kill viruses on contact (where do you think "SILVERWARE" comes from)? (Did you know of this classic cultural system in India: every baby born until it is around 3 - 4 years old, is fed in silver cups/bowls/plates/spoons only).

AND as Mickey himself said it in this podcast, there are NO primary silver miners anymore.

AND as our own Turd points out, the highest short selling (compared to annual production) of any commodity?

Stack on Turdville....laugh

chocolatechiphorses · Apr 5, 2018 - 8:35pm

China's most prominent rating agency, Dagong Global, downgraded U.S. Treasuries to BBB+, with a negative outlook, in early 2018.

RickshawETF · Apr 5, 2018 - 8:40pm

From Wikipedia:

The English language expression silver spoon is synonymous with wealth, especially inherited wealth; someone born into a wealthy family is said to have "been born with a silver spoon in his mouth".

Notice that we never refer to a gold spoon . . .

MoonShiv · Apr 5, 2018 - 8:42pm

Hear, hear!

Silver should be the MOST important of all natural resources, IMHO.

lakedweller2 · Apr 5, 2018 - 8:54pm

Working late tonight to alter algos to include Trump tweets. Got messed over a little earlier with the tariff tweet and the Dow futures dropped about 400. :)

canary · Apr 5, 2018 - 9:50pm

Is the Average Hourly Earnings (expectation 0.3%...prior 0.1%)....as a sign of potential inflation....and Fed's rate hikes.

mavens · Apr 5, 2018 - 10:51pm


· Apr 5, 2018 - 11:03pm

Another trip to the 50-day coming??

billhilly · Apr 5, 2018 - 11:50pm

Friday, April 6

  • 8:30 AM Nonfarm payroll employment, March (GS +200k, consensus +189k, last +313k); Private payroll employment, March (GS +200k, consensus +195k, last +287k); Average hourly earnings (mom), March (GS +0.3%, consensus +0.3%, last +0.15%); Average hourly earnings (yoy), March (GS +2.7%, consensus +2.7%, last +2.6%); Unemployment rate, March (GS 4.0%, consensus 4.0%, last 4.1%): We estimate nonfarm payrolls increased 200k in March following a 313k gain in February. Our forecast reflects strong labor market fundamentals partially offset by a sizeable drag from weather, as snowfall was above-average in the first half of March. If realized, our forecast would represent a significant acceleration in underlying job growth from the 180k trend in the second half of 2017.
  • We estimate the unemployment rate declined by one tenth to 4.0% (from 4.14% previously), as continuing claims resumed their downtrend between the survey reference periods. Additionally, surges in labor force participation as large as that seen last month (+0.3pp) are typically associated with a subsequent decline in the jobless rate. Finally, we expect average hourly earnings to increase 0.3% month over month and 2.7% year over year, reflecting somewhat favorable calendar effects.
  • 01:30 PM Fed Chairman Powell (FOMC voter) speaks: Federal Reserve Chairman Powell will give a speech on the economic outlook at an event hosted by the Economic Club of Chicago. Questions from a moderator are expected.
  • 03:00 PM Consumer credit, February (consensus +$15.0bn, last +$13.9bn)
Bard the Bowman · Apr 6, 2018 - 12:02am

Is it just me, or does the Syria pullout story sound like a good cop (Trump), bad cop (Pentagon) story? I hate to be cynical, but when I heard Trump state we’re pulling out of Syria I was skeptical to say the least. Am I right or am I right? Or, am I wrong?

Mickey · Apr 6, 2018 - 12:39am

Its gonna be a joke

Honda Accord sales weak as inventories up, March car sales went 33 days to allow a 6% increase: divide by 33 times 31 equals , drum roll, the same sales as last year. Of course now sales wil be reported quarterly so the April month of 28 days wil be forgotten.

ultimately the jobs numbers are all surveys-its like a game of telephone where the result is vastly different than how it started.

But its like everything else in govt reporting. corrupt.

check out tax revenues which are flat-amazing when we add 2-3 million workers a year. More amazing is population is growing by .7% per year. That's growth of 2 million. and that .7% pop growth is a magnet for real economic growth--overall how we gonna get above 1% real growth when population only growing by .7%.

Mikey Riley · Apr 6, 2018 - 1:16am

I'm sorry but he doesn't ever see silver going to 16:1 with gold? Well let's just look at what the ratio was on average for the last 5000 years. It's just coming out of the ground at 10:1, gold to silver cash in flows were 1:1 not long ago remember?

Ever wonder why there are no primary silver miners? The price is artificially low! Zinc, lead and copper should be the byproduct. Thanks bankers, the law of supply and demand will eventually kick in like the law of gravity.

RickshawETF · Apr 6, 2018 - 3:17am

 the law of supply and demand will eventually kick in like the law of gravity . . . which the bankers will get to experience first-hand when their debtors toss them off the roofs of their corporate headquarters!

MrOnline · Apr 6, 2018 - 5:14am

I agree with what was said about silver. Well, it is no big shock to find like minded people here in Turdistan. :-)
It is VERY confusing the level of ignorance people have regarding silver. I wrote about my experience I had two weeks ago in one coin dealer shop. The guy sold beautiful 99.9 silver medallions at crazy cheap price. It was like he just hated that stuff and wanted to get rid of it. I was happy to take it, and when I tired to explain why those coins were more valuable than the price he was selling them for, he just didn't care. It was the unreasonableness of it all that had me confused, and maybe, a bit worried. Finding ignorance in places where is shouldn't be is scary to me. 

I try to educate people all the time about economic collapse and how to protect against it. I give them all information I have gathered over the last 6 years in a fast and easy to understand way. I also make it very practical by explaining all the steps they need to take, where, what and when to do. All I get back is that look in the eyes "Are you finished talking?" or they slowly look at their watch while yawning. Again, nobody cares.

People here in Europe did not experience any suffering so maybe that is the reason why. They live in a world where evil and danger do not exist. They are almost all atheists, or rather hedonists, so why care, why fight? For what? They do not have children. They do not love their history. They are not proud about their ancestors.

I talked to a very smart guy I went to school with 2 years ago. I explained to him about dangerous Europe is facing. He just replied that is how things go. Empires come and go, cultures come and go. Someone dies, others live. So what if all his people and culture die?
That guy knew that I have lived through a war and all the horrors my people experienced. In his head things just happen, they just are. The ultimate relativism. Those people cannot be stirred or awaken by anything. Survival instinct is shut off. That are your modern, atheistic, metrosexual, socialist, European men. But we are constantly reminded that all will be good and Nirvana just we remove religion (they mean Christianity). It all is so sad I want to cry. I love Europe from Scotland to Sicily, from Iceland to Portugal, from Greece to Russia (yes I consider them European), from Croatia to Poland. I love our history, our people and our faith.

Rant off.

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Key Economic Events week of 11/19

11/20 8:30 ET Housing Starts
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11/5 9:45 ET PMI Services
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11/9 10:00 ET Wholesale Inventories

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