Loading ...When you think of how much financial influence bullion banks have over mining companies you realize the BB’s are in effect defacto co-owners. Furthermore it is totally logical that their goal would be to keep pumping gold and silver out into the market at a price that is as low as possible, without bankrupting the mines. Deep Storage at its finest, with totally quiescent mining CEO’s and MSM. I know there are some out there who follow mining stock prices and believe there’s a pot at the end of the rainbow. To me the evidence of the past 20 years says HOW? The best thing that could happen to gold and silver prices is if mines would either STOP producing, or else severely curtail production. Digging up thousands of tons of gold and silver for $1200 and $16 only to fork it over to enemies for the purpose of keeping a derivatives scam alive is lunacy. Lumber is a beacon light for those who beg to differ.
The glimmer of hope lies in the odd goings-on with gold and silver OI. If it is a Sovereign taking on the evil-doers it will get interesting in a hurry. If, on the other hand, the situation devolves into the same old cash settlements and WTF moments I’ll look forward to our mining industry continuing to be enablers for psychopathic fiat-addicted banksters.
James Mc
World Gold Council
Q1 gold demand: down 18% from last year’s exceptional high
Global gold demand in Q1 2017 was 1,034.5t. The 18% yearonyear decline suffers from the comparison with Q1 2016, which was the strongest ever first quarter. Inflows into ETFs of 109.1t, although solid, were nonetheless a fraction of last year’s nearrecord inflows. Slower central bank demand also contributed to the weakness. Bar and coin investment, however, was healthy at 289.8t (+9% yoy), while demand firmed slightly in both the jewellery and technology sectors.