Loading ...Kirkland Lake Gold Announces Second Quarter 2019 Production, Results Include Record Production at Fosterville of 140,701 Ounces
https://ceo.ca/@nasdaq/kirkland-lake-gold-announces-second-quarter-2019-production
If there was a Democratic candidate who
was against open borders, who was not a socialist and who was against all these pointless military interventions we are involved with …
They could garner a lot of votes. The center is wide open.
Buygold
Do you guys remember the days when the HUI had no problem going up 5-10% in a single day?
Unfortunately I do….and as R640 says Bitcoin still does..just before it disappears over the horizon…never to be seen again
Holter and Sinclair on Greg Hunter today
Home » Market Analysis » Dollar Will Be Sliced in Half – Bill Holter & Jim Sinclair
Dollar Will Be Sliced in Half – Bill Holter & Jim Sinclair
By Greg Hunter On July 10, 2019 In Market Analysis No Comments
By Greg Hunter’s USAWatchdog.com
Near the beginning of this year, legendary investor Jim Sinclair and his business partner Bill Holter said the reset would start in June. Is the recent jump in gold prices confirming this? Sinclair says yes and predicts a two-tier reset in the next few years. . . . The first will be a devaluing of the dollar. Sinclair explains, “The reset has already started. . . . The only thing holding up the dollar is its universal use as a contract settlement mechanism in Russia and China and everywhere else, and that simply is not happening anymore. . . . The dollar is going lower. . . . In the first reset, the dollar will get sliced in half. That means the little guy will get sliced in half in terms of his buying power. You need to look at gold, not a speculation, but as a savings account. If the dollar gets sliced in half, you basically double the value (of your gold) if not more. I think much more. . . . In the second reset, that will take gold to a price where it will balance the ability to pay global debt. That’s the major move coming forward. Right now, we are definitely going back to the $1,850 and $1,925 area per ounce for gold. The second reset, you can pick any price you want for gold. Pick a high price.”
With the national debt officially at $22 trillion, and the additional “missing” $21 trillion discovered by Economics Professor Mark Skidmore at Michigan State University in 2017, you have a huge amount of debt and dollars floating around. This fact makes Sinclair’s prediction of $50,000 per ounce gold a few years ago look conservative. Bill Holter has done the math and says it simply must go much higher. Holter explains, “If you take the 8,300 tons the U.S. supposedly has, and I did this math last year when the official national debt was approaching $21 trillion, gold would need to be $87,000 per ounce to cover just the on books debt. I am not talking about the “missing” money, not future guarantees, pensions, Social Security and things like that. . . . So, the number is $87,000 per ounce for gold or multiples of that. What’s going to happen? The people who are running this understand this as much as we do, and the system is going to go down. So, why not create a false flag and kick the table over so you can point at it and say our policies would have worked if it wasn’t for whatever event they come up with.”
Can they put this off until after the 2020 election? Holter says, “It just might be one big last kick of the can . . . but prepare yourself and prepare your family. Have extra food. Have a way to purify water. Make a plan where you can go it alone for a couple of weeks or a couple months or more. That is what is coming for us all. Trump is going to preside over a bankruptcy. When he was elected, we predicted that he would preside over the bankruptcy of the United States. . . .The math says it is guaranteed.”
Sinclair says, “He is a master at bankruptcy. You maintain the item that is a producing asset, and you ‘jubilee’ or get rid of debt that has failed. You go through with a machete and take everything down that does not produce. . . . We have been warning people to be their own central banks and be able to take care of themselves for no less than 90 days.”
It’s OK for BitCoin to be up another $545…but. with gold, it’s always gotta be a grinder
just to be up a lousy 9.60 and a stinkin 7 cents on silver…
Hi Ipso, R6
Ipso – yes, even though the USD hasn’t fallen that much it has certainly devalued against gold. Not sure if the article meant some sort of “event” devaluation or just sort of jawboning and rate reduction to devaluate.
R6 – I guess to answer your earlier question it looks like they’ll keep the shares under wraps on the day, which should keep a cap on the metals as well. Silver has already lost half its gains.
Not much new on planet earth today that I can see.
Buygold @ 8:46
“Devalue the dollar”
Maybe this is already policy … with the boot taken off of gold’s neck, gold is finding a higher “natural” price … in effect devaluing the dollar against gold.
HUI almost got to 199
but that was a little too close to 200 so it immediately fell back to 197 and change. Looks like a hit might be on the way.
Do you guys remember the days when the HUI had no problem going up 5-10% in a single day?
Neither do I……
SM has no problem with going higher though.
Erdogan shooting himself in the foot once more
EU Mulls Sanctions On Turkey After 2nd Drilling Ship Deployed In Cypriot Waters
Turkey and Europe are headed for a showdown in the eastern Mediterranean over Turkish plans for oil and gas exploration and drilling in Cypriot-recognized waters, with the European Union reportedly now mulling cutting financial assistance to Turkey over the illegal drilling. EU envoys are reportedly meeting Wednesday to discuss various punitive measures against Turkey, including suspending aviation talks and even sanctions.
The latest crisis was triggered after Turkish drilling vessel Yavuz sailed to an area off Cyprus’ east coast at the start of this week — the second to follow a first drilling vessel, Fatih, which had already been exploring in Cypriot waters. Notably, the vessels have been accompanied by the Turkish military, including drones, F-16 fighters, and warships.
Hey Maddog, R6
Maddog – yes, there should be a lot of folks nervous and rightly so. I guess that’s what happens when you dance with the devil and feed those fantasies. What’s sad is that we have so many of those type of men in positions of power within our gov’t. It’s almost a pre-qualification anymore.
R6 – Wolanchuk, definitely called it. Gold should go up with stocks in a weak dollar environment right? ala Zimbabwe?
Don’t know which group they’ll stifle today whether it will be the shares, metals or ultimately both. I guess when Powell actually speaks that’s when they might try to smash. That’s been the M.O. for so many years.
Not sure I understood what you mean here: “going up as they should…by rallying the $? That doesn’t seem possible”
Morning Buygold
I was just reading that link u put up, re Epstein…..what a story and boy, oh! Boy are some people gonna be very nervous…rightly so.
What odds he lasts the week…..when all the hit men arrive, they’ll be a queue round the block !!!!!
Ps our establishment delight in belittling the Donald, so when they call up and ask him to go easy on Andrew, I wonder it it will be a one word or two word answer !!!!!
Buygold–which way will they try to stop todays rally? Not by crushing PM stocks/etfs=they are
going up as they should…by rallying the $? That doesn’t seem possible…I guess they’ll just have to try to overwhelm gold with sell orders…hopefully none of that will work and we can have a normal day…it’s tough to shake the old conditioning=
depression when gold. is in a bear mkt
Anxiety that it all suddenly reverse when gold is in a bull market…I like that. silver is participating.
Looks like Wolanchuk was right=stocks and gold rise together
Morning Maddog
Think about Epstein, then think about his people (sponsors) having the ability to print unlimited fiat. They have the power to make anyone a billionaire. Look what they’ve done with that idiot Zuckerberg.
Epstein clearly fits the bill of most operatives, sociopath, depraved individual without a conscience. He was the perfect guy to blackmail the politicians into political favors.
Make sense now?
Bombshell: Alex Acosta Reportedly Claimed Jeffrey Epstein “Belonged To Intelligence”
Set your Buck Rogers wrist watches for 8:30—a zillion reasons to own gold yet its fate rests on a rate cut decision-it’s ludicrous!
Chair Powell is slated to give his semi-annual testimony before the House Financial Services and Senate Banking Committees on Wednesday and Thursday, respectively. His prepared remarks will be released at 8:30 am Eastern on Wednesday morning. As per the usual with these hearings, Powell will be testifying on behalf of the FOMC. Consequently, as Deutsche Bank’s Matthew Luzzetti notes, his prepared remarks and the overall tone from his testimony, should largely adhere to the message from – and the intricacies of – the discussion at the June FOMC meeting, the full details of which will be revealed with the release of the minutes to this meeting later on Wednesday.
Wanna end up like France [and England]? Then keep voting democrat and this will be Americas future=actually it’s already here-
Dark Days In France
Every regime under siege has a choice: improve its performance and unify the country or . . . crack down on critical opposition. The Macron regime has decidedly opted for the latter, proposing yet another law to destroy that pesky last bastion of free speech in France: the Internet.
The person charged with drafting this new legislation is Laetitia Avia, an MP of Togolese descent, with the support of Parliamentary Undersecretary for Digital Economy Cédric O [sic], a Franco-Korean. The law will require social media platforms like Facebook, Twitter, and YouTube to provide “a single alert button, common to all big platform operators” for users to report “cyber-hate” (presumably more visible and uniform than what exists already).
dbbaba2 @ 18:57 on July 9, 2019
Simply fine Jamie a Billion to stay outta jail….then turn him loose to do it again…catch & release for Bankers !
rinse &repeat
Do Epstein the same way….Deutschbank bank …ditto
Trump will balance the budget in no time …
Alternative simply take the Billion in drugs and sell it ,put it out on the street where it will earn 10 times that.
Deny the wholesalers their profits ,give them competition with their own drugs …Balance the budget in no time !
The same druggies buy it anyway…
Who do you think is in the Drug business ..its the Banksters ,the Politicians ..let them balance the budget.
Fine them all a Billion and jail them until they come up with the money …
They Launder about 20 billion annually ..a billion here and a billion there pretty soon it adds up to real money..
Rip
Ross Perot died after a long battle of cancer.
Smelly ole NGD
NGD=
|
| 7:41:44 PM EDT
|
Volume | |
|
0.99
+ 0.02 (+1.60%)
|
2,279
|
June 1st, 2016—this dog traded at $5.20
I’ve got 600 one buck Aug. 16th calls—total cost=$3400 [400@ $5 & 200@ $7 a copy]
if gold put on another 50-100 buck leg it wouldn’t be unreasonable for NGD to trade at $2…$2.50
That’d be a $nice$ trade…my mind boggles…N’yuk-! N’yuk-!
Maddog
They can sense pressure and moisture I think.
dbbaba2 @ 18:57
Is that where mysterious invisible fortunes come from?