Buygold
Grazi! đ
Mr. Copper
Glad we’re moving up tonight but I’m skeptical. The little rally has been capped since the open.
London awaits…
edit: and here come the sellers, so predictable
Ipso – Done
Will check tomorrow to see if it was readable.
Mr. Copper
It’s a start, this might qualify as a North Korea rally.
If the oil for Yuan/Gold is the real deal, we should be seeing serious moves higher like $50 – 100 bucks a pop.
Stephen Leeb – from back in May on KWN – quite astute if he’s right
“So if, as I still think likely, gold comes down a bit from current levels, donât get shaken out. And once a key signal is flashed â an oil benchmark traded in yuan â it will be time to back up every truck you can find and fill it with gold.”
This Is Exactly How China Plans To Send The Price Of Gold Skyrocketing
Maya
Sounds like GIN will be the ticket, several gallons at least I imagine. đ
Pretty scary if the Yellowstone Volcano God pukes up. Welcome to Non-Nuclear Winter.
Geothermal from Yellowstone sounds like a great idea. I know that there are multiple geothermal energy plants in Nevada. That’s what you call a Long Life source!
Even if you do no like his brand of politics, it does strike me as helpful when
there is an announcement of infrastructure spending that is going to be a stimulus to mine development in part of the Yukon.
Looking at a different resource sector, now if we could just get some investment in new energy refinery capacity in Canada. Â It is such a long time since a new refinery was added on Canadian soil.
Buygold, Ipso
Madam Pele, the Hawaiian Volcano goddess, is historically fond of GIN for offerings.  Yellowstone may have different tastes. I read now where geologists are telling NASA “don’t you DARE drill into the volcano” lest they pop a pressure cap and provoke an eruption.
One of the best plans I have read came from dissident scientist James McCanney, who proposed pumping out and draining Yellowstone lake at the caldera.  The reasoning being that if a crack appeared in the caldera in an early eruption, the lake water draining into the volcano would result in a huge steam pressure eruption that would greatly amplify whatever the magma alone would do for an eruption.
That said, geothermal energy is a reality now. I have a 38 megawatt plant drilled into the Kilauea east rift zone about 10 miles from me that supplies about 20% of the island’s power here.  But we have a relatively tame low-pressure volcano here. And the plant did have some start up problems about sealing the well pipes to prevent escaping volcanic gasses.  My understanding is that Yellowstone is likely a much higher pressure magma chamber, and breaching it could be downright dangerous.   Then there is the question of “how much heat must we remove” to prevent an eruption.  I’m having visions of a heat sink big enough to cause climate change there.  I doubt they could remove enough electrical power from the area… it would take multiple, multiple geothermal plants to make enough cooling… if that is even possible.
Hawaiian Electric company has had it’s eye on the geothermal power prize for decades.  They could bring enough power out of the volcano here to illuminate the entire state island chain here. The problem is getting the power off the Big Island.  There is a 13,000 ft deep ocean trench between here and Maui, the next nearest island.  Electrical cable technology does not yet exist that can carry high voltage power under salt water that deep. Hawaiian Electric has for years funded research and testing to attempt to develop such a cable. As yet it is not viable.
Rich
Seems to me the Saudi’s are looking to sell oil for a weak currency, convertible to gold that is about to get a lot stronger.
It won’t help their situation of owning so many US Treasuries as the USD loses value, but it will be offset by Yuan/Gold.
Then again, every time I think I “know” something, turns out I know nothing. đ
I do think if the Saudi’s take Yuan in payment, the petrodollar is done, and knowing our idiot leaders that will probably mean more war.
Ipso
I don’t know. Agree, NWO always wants to deflect attention from the barbarous relic but they sure are keen on making sure the price is under their control.
I can’t imagine anyone actually trusting what the US Gov’t. would say about anything.
Then two days later we get news that the trade will be backed by gold? Coincidence?
Spotlight: Chinese yuan rises in global oil markets as Saudi seeks funding in RMB
BG
“Does sort of make me wonder why Mnunchin went to Fort Knox.”
Was there some dispute or non trust between certain parties as to how much gold was there? I’m curious as to if anyone in Mnuchin’s party was doing any calculating? Testing?
The NWO would not usually choose to give attention to gold.
Ipso
Yeah, that’s really big news that has not really been reported anywhere. If true, it probably won’t be until we see some significant tremors in the Forex market.
Does sort of make me wonder why Mnunchin went to Fort Knox.
So much news, it’s really hard to discern what’s real and what’s not.
FORBIDDEN HISTORY:Three Corporations run the world: City of London, Washington DC and Vatican City
 FORBIDDEN HISTORY | |
City of London’s Ownership of American Colonies |
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ororeef/1:56
very persuasive graph.
it is also important to remember that the chinese have a cultural affinity for silver. in europe during the middle ages, the gold/silver ratio stayed around fourteen or fifteen to one. in china, it was eight to one.
how will this shake out in the next few decades? only time will tell, but i suspect that if the chinese are calling the shots, silver will play a role.
Buygold
“The real earthquake âmightâ be the Chinese news”
I hear you there Bro! That would be a 9.0 earthquake on the forex stage. It would certainly knock the dollar down but should be great for gold. That scenario might be an ongoing thing for years.
Cheers
Morning Ipso
If the old caldera did blow, I’m not sure I could get out so whiskey may be the only thing I need before kissing my arse goodbye. đ
The earthquake yesterday caught me off guard though, not a big deal as I’ve experienced a couple of whoppers in CA. – just a bit of a surprise.
The real earthquake “might” be the Chinese news eventually anyway, if they’re able to pull off a gold backed Yuan trade for oil. Can’t imagine any oil producers wanting USD’s for oil when they could get something of actual value. Gotta think this has been discussed with the Saudi’s for a very long time.
All that being said, I could see the scum slamming gold down $100,just out of spite. No way they can let gold rise on news like this… đ
Buygold @ 20:25
I’m sure you have lots of water and food set by …
Maybe Maya will have some advice about appeasing the Yellowstone Caldera Gods. Something to do with whiskey? đ
Chinese currency over lay Gold…any doubts they intend to be on a Gold Standard ?
If this continues and the DOLLAR keeps falling we will be exporting to China at a PROFIT !  We will be the Cheap Labor Market ! Lets see how long China can stay on the Gold Standard when we are its biggest trading partner .No wonder they are trying to trade elsewhere …but who is going to let China take its JOBS  …nobody ..that means its trade with other Nations is limited to COMMODITies .not to Labor intensive manufactured Goods.!