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How’s Makelas beard doing? Hope to see a clean shave soon!! LMAO
Comment by flyinthruu — June 9, 2018 @ 5:26 pm
After the G7 meeting in Canada President Trump called Canadian Prime Minister Justin Trudeau “weak”. Kudos to President Trump for publicly calling out Trudeau who is by far the weakest leader in the western world. As long as this clown is PM Canadians standard of living will continue to decline.
A weak leader makes for a weak country.
Subscriber John
Comment by John — June 9, 2018 @ 8:05 pm
Indeed, John, not only weak but “dishonest and weak.” Kudos to Trump for telling it like it is.
Justine of course lied his way to victory in 2015 when he promised no more than a 10 billion dollar deficit in the first year or two and then a balanced budget by Year 4. He’s addicted to taxing and spending, and obsessed with gender and “climate change”, and what are the results? – an economy going in reverse of the U.S. economy. 15,000 jobs lost in Canada last month vs. nearly 250,00 created south of the border. Investment is leaving Canada like crazy, and he has suffocated the private sector so much he had to nationalize a pipeline! This is nuts, it’s un-Canadian and we need to stand up and take back our country.
Just like his father, Justine has severely damaged relations with our most important ally, and he has inflicted a heap of damage on Western Canada (and the country in general) with National Energy Program 2.0.
The final year and a bit in office is going to be a nightmare for the high school drama teacher – he’s facing Trump, Doug Ford in Ontario, Jason Kenney who’s a bulldog and the next Premier of Alberta, Conservative premiers in Saskatchewan and Manitoba, and Federal Conservative leader Scheer who will hopefully up his game.
Major change is coming to Canada – time for a populist, free enterprise uprising to Make Canada Competitive Again!
Comment by Jon - BMR — June 9, 2018 @ 9:05 pm
I certainly disagree with Trudeau on a lot of things, didn’t vote for him last time and won’t next time but I find it very interesting to hear Trump calling someone dishonest. That’s hilarious. Unless Trump gets everything he wants in this trade deal then he will continue to resort to being a bully. It is Trump that is damaging relations here.
Comment by Danny — June 9, 2018 @ 9:19 pm
Jon, are we any closer to an update for MOON? Thanks.
Comment by Raffi14 — June 10, 2018 @ 11:22 am
Can we please keep the politics out of this and focus on how we all can make money. Our opinions of the world leaders shouldn’t be on here. I come on here to find out about people’s thoughts on mining companies. If you feel you need to talk about politics go to a news sight. The only time politics should be on here is when it effects the company’s we are following.
Comment by Thomas — June 10, 2018 @ 11:53 am
Unfortunately, Thomas, it’s impossible to keep the politics out of making money these days because – like it or not – political decisions are driving the markets more than ever now (in both ways, depending on what sector you’re looking at)…politics can also be very local with big impacts on individual companies…
Comment by Jon - BMR — June 10, 2018 @ 12:05 pm
From the company, Raffi14? I believe so…there’s nothing more we can say right now – MOON just needs that drill permit, which will come and soon, and then things ramp up nicely through Q3…
Comment by Jon - BMR — June 10, 2018 @ 12:08 pm
I agree with you Jon, but my point is I don’t want to come on here and read about whether Trump is an idiot or the greatest leader on the face of the earth. I can hear that Fox or CBS news. I think BMR is one the best letters out there but I can’t stand reading about people’s opinions of our leaders that have nothing to do with the companies that are mentioned here.
Comment by Thomas — June 10, 2018 @ 12:34 pm
What we’re focusing on with Trump, Thomas, are the economic results of his policies – same with Trudeau and other leaders in multiple jurisdictions…and yes, those results have already impacted the markets (and companies we follow from resource to non-resource) and will continue to do so, ultimately driving commodity prices significantly higher as we outlined in yesterday’s Week In Review And A Look Ahead…
Comment by Jon - BMR — June 10, 2018 @ 1:24 pm
Maybe trump could tell us something we don’t already know about Trudeau, it’s laughable. All I know is thank goodness for Garibaldi (my main one)and our TFSA’S.
Comment by Laddy — June 10, 2018 @ 1:31 pm
Looking forward to seeing what CCW will do this coming week…..any thoughts?
Comment by Frank — June 10, 2018 @ 3:07 pm
I agree with Thomas. There’s a lot of room between the political points relevant to interpretating economic trends and touting a partisan agenda. The political content on BMR is distracting, and it raises concern regarding BMR’s objectivity.
Comment by Gojira — June 10, 2018 @ 3:26 pm
Big week coming up for CCW, Frank…will expand on that a little later (including the Sunday Sizzler)…
Comment by Jon - BMR — June 10, 2018 @ 3:29 pm
I agree wholeheartedly with Thomas and Gojira. I have only made political statements when responding to someone else who goes off on a political rant so I apologize to those who prefer to stick to company talk. It does raise concerns about BMR’s objectivity. I think BMR does great research, don’t want to see it deteriorate into a board that people use to forward a political agenda.
Comment by Danny — June 10, 2018 @ 3:39 pm
Jon
Please don’t stop with the political views and how they relate to the economies of both Canada and the US and the markets. Your personal views do not persuade me to buy or sell any of the stocks you cover. I actually have learned a great deal about Canadian politics from BMR, keep up the good work!
Comment by Gregh — June 10, 2018 @ 5:13 pm
I agree Gregh. I decided to investigate JT for myself and I smell foul. Seems like a self-absorbed POS – nothing but a select few benefit from a guy like him in charge.
Comment by flyinthruu — June 10, 2018 @ 5:37 pm
BMR has little credibility when it come to politics, IMO, as they are so blatantly partisan and regularly belittle/marginalize politicians/parties who do not fit their mold. And while there is a connection between politics and economic development, BMR clearly overdoes the political commentary in order to impose their own views on their subscribers. 90% of the political talk here could removed and we’d still get the point. Good work on the stock coverage, BMR- let’s stick with that.
Comment by johnz — June 10, 2018 @ 6:25 pm
flyinthru, it’s best to keep personalities out of it – many people have a problem with Trump’s personality, or Trudeau’s personality, but as investors we need to focus on results – on that note, the facts are (sadly) that Canada’s economic performance and competitiveness vs. the U.S. is declining rapidly by almost every metric including last week’s jobs reports…this is because the U.S. under Trump is going in one direction in terms of economic policy, and Canada is going in the opposite direction…as columnist Lorne Gunter correctly pointed out this weekend, $100 billion in investment has left Canada in the last 3 years…Trump haters in Canada are in for a very rude awakening…the Oil and gas sector in this country is being suffocated and that has destroyed a lot of wealth, hence the Venture hasn’t seen the lift it should have had from the firming up of Oil prices since last year…Trudeau has certainly been great for the marijuana space – thank you, Justin, for the profits we’ve made there – but what does it say about a country that suddenly cares more about getting pot to market than Oil to market?…as far as the broader resource sector is concerned, Trudeau’s new bill circulating through Parliament to overhaul the approval process for major projects is a disaster in the making (have you read it, anyone????)…
Comment by Jon - BMR — June 10, 2018 @ 6:45 pm
From Reuters tonight: Congo’s new mining code has been signed into law, despite objections from international mining firms that had been threatening legal action over it.
Prime Minister Bruno Tshibala signed the code into law overnight, his adviser Patrick Mutombo Buzangu told Reuters, giving no further details.
Comment by Jon - BMR — June 10, 2018 @ 7:05 pm
Thank you BMR for ALL your insights !!!
Comment by Tycoon777 — June 10, 2018 @ 7:27 pm
Jon, unfortunately you encourage derogatory comments like those from flyinthruu when you make fun of the PM by referring to Justin as Justine. Is that focusing on results? Or was that just a typo? I am probably as fiscally conservative a person as you would ever meet but quite often get as tired of those on the far right as I do with those on the far left. How is Trump doing with the deficit in the US? Totally agree with the comments from johnz.
What do you expect from Trudeau regarding the NAFTA deal? Totally give in so Trump can say what nice and polite Canadians we are?
Comment by Danny — June 10, 2018 @ 7:35 pm
The increasing deficits in the U.S. (which began under Obama) are certainly a problem, Danny, but 2 things with regard to that: 1) Better than expected economic growth should bring in higher revenues than anticipated, which may help blunt the problem; 2) While I’m not making excuses for Trump, the complexities of the U.S. political process, with its abundant checks-and-balances, made it extremely difficult to properly tackle the deficit this year at a time when military spending also desperately had to be ramped up after years of Obama neglect which undermined U.S. diplomatic efforts. In Canada, the party with a majority has full control over the budget process, as you know, so Trudeau has no excuse whatsoever for not adhering to his election promise of keeping deficits to $10 billion early on before balancing the budget by the end of his mandate…total government debt (provincial-federal) in Canada is a major issue, even more so given an economy that’s not performing as well as the U.S….consumer debt is also scary…
As far as NAFTA goes, Danny, it’ll be a cold day in hell when a high school drama teacher outmaneuvers a billionaire businessman…and Trump has a point on dairy – the supply-management system in Canada is a joke and high tariffs are costing consumers a ton of money as cheaper American products are kept out…Maxime Bernier lost the Conservative leadership contest (barely) by boldly coming out against it, while Scheer opted for the status quo…
Comment by Jon - BMR — June 10, 2018 @ 7:48 pm
Jon, I don’t expect Trudeau to outmaneuver Trump as Canada clearly doesn’t have the economic muscle the US does so the US can be a bully any time it wants to be and that is obviously Trump’s agenda. What do you expect from Trudeau in these negotiations?
The fact that Trudeau was a high school drama teacher has nothing to do with this? Reagan was an actor? So what.
Comment by Danny — June 10, 2018 @ 8:02 pm
Reagan understood business and markets, Danny – Trudeau has no clue…
Comment by Jon - BMR — June 10, 2018 @ 8:04 pm
Jon, I don’t agree with Trudeau on economic policy either but I was more interested in your answer regarding the NAFTA question?
Comment by Danny — June 10, 2018 @ 8:15 pm
Danny
funny you don’t want to talk about politics but that is all you have done this evening, your bias is clearly showing thru too BTW.
Comment by GREGH — June 10, 2018 @ 8:22 pm
Hey all, I could have been more tasteful in communicating my opinions. Sorry about that. I readily admit my frustrations with certain things….let’s have a great week stocks wise.
Comment by flyinthruu — June 10, 2018 @ 8:32 pm
It’s a very difficult thing to seperate politics from this sector – some policies really lend themselves to wealth creation or wealth destruction. It’s a purely political thing that has kept AIS from getting permits thus far. I can understand BMRs plight in the matter. Trying to help subscribers in a tough sector and give an undestanding of the background.
Comment by flyinthruu — June 10, 2018 @ 8:50 pm
GREGH – I only responded to other political comments but yes I am guilty as charged. I am never the one to start political commentary but I will respond. As far as my bias goes, I have nothing to hide. I have voted Conservative in the last many elections as I am fiscal conservative, I miss Stephen Harper. I thought he was awesome. I have said that before.
flyinthruu – appreciate your last comment.
I promise, no more political comments tonight. Yes, let’s make some money.
Comment by Danny — June 10, 2018 @ 8:53 pm
Good call and thanks Danny. It’s also a hard thing not to get emotional on matters related to money – or politics on any side that don’t seem to make sense. Guilty of falling into that tonight. Let’s go GGI and our other plays.
Comment by flyinthruu — June 10, 2018 @ 9:03 pm
Yes I agree lets ALL make some money, lots to look forward too with GGI, CCW, hopefully AIS and many others, going to be a fun summer….
Comment by GREGH — June 10, 2018 @ 9:46 pm
I just wanted to put my 2 cents worth in …. as I quite enjoy the often “colourful” political commentary on BMR! I would rather have too much information that I can choose to skip or read.
I’m definitely looking forward to an exciting summer and financial freedom to ALL!
Comment by Ciara — June 11, 2018 @ 8:11 am
Hi
I want to thank BMR for the political commentary. It is good to get the other side of the story. Yes, I voted for that good looking guy, and will do so again, even though I do not agree with some of his policies, but look and see what is out there, and you will find your choices are limited. They are all bad!!! Yah! Let’s all make some money! Keep up the good work BMR! Looking forward to your reports on GGI! Cheers!
Comment by randd51 — June 11, 2018 @ 10:17 am