The usually staid Repo (repurchase agreement) market was anything but staid last week, with rates rising from 2.25% to 10% literally overnight. For those of you not in the know, banks will sell off their treasuries and other triple AAA government securities to others for one or two nights in exchange for cash. Then, if all goes well, which it almost always, does except in 2001 and 2008, the transaction automatically unwinds in 24 to 48 hours. It's a mainstay of the financial system. The fact that rates shot up the way they did less than a day could mean a large bank is underwater and was unable to repurchase their securities or the collateral was pledged to several lenders or something equally as bizarre. Either way, it could well be a canary in a coal mine moment for the global financial system.

In other news, we propose a very simple and likely scenario for the Whistleblower kerfuffle. It all comes down to orange man bad. He set the whole thing up to expose a couple leakers including Adam Shiffty and to get the Biden scandal out in the open where the press would be forced to cover it. And as usual they fell for it. Will the media ever learn? No, it's against their nature.

Direct download: TLR_472_24.Sep.19.mp3
Category:general -- posted at: 9:01am EST

Otis Gold Corp. has been acquiring & developing high quality precious metal deposits in the Western USA. Its flagship Kilgore Project is in Idaho. Agnico Eagle is a key strategic investor.  Its preliminary economic assessment for Kilgore revealed a rich IRR at over 50%.

We discussed Otis's prospects with CEO Craig Lindsay and head geologist Alan Roberts and why they're so upbeat about its future.

CEO Craig Lindsay worked for 20 plus years in finance, investment banking and business development. He was CEO of Magnum Uranium Corp. and handled its sale to Energy Fuels Inc. (TSX:  EFR) in July 2009.

Alan Roberts has over 25 years global experience at various exploration and resource development around the globe. He's highly credentialed and was bitten by the mining bug at an early age. He's particularly excited about the prospects of making the Kilgore Project into a mining district and very much believes in its potential. 

Direct download: Otis_Gold_Live_Interview_Denver.mp3
Category:general -- posted at: 9:00am EST

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