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Re: NYBob post# 17117

Monday, 09/08/2014 2:24:49 PM

Monday, September 08, 2014 2:24:49 PM

Post# of 17231
When the Fed start raising rates -

Gold rise in market price -

When Fed was tightening -

Gold was indeed rising in value simultaneously -


Ex.
From June 30, 2004 to June 29, 2006 the Fed hiked the Fed funds
rate 425 bps, from 1.0% to 5.25% -
Over that same period, gold rose from $392.10 to $599.10,
a gain of 52.8% -

From June 30, 1999 to May 16, 2000 the Fed hiked the Fed funds
rate 175 bps, from 4.75% to 6.5% -
Over that same period, gold rose from $261.25 to $275.30,
a gain of 5.4%.

And then perhaps most notably (and obvious):

The Fed began a very aggressive tightening campaign in August
of 1977 to reign in the rampant double-digit inflation of the
1970s -
Prior to that first rate hike, Fed funds stood at 4.75% and
gold was trading in the $130 to $150 range -
By March of 1980, the Fed funds rate stood at 20.0% -
a rise of an astounding 1,525 bps.

In January of 1980, gold reach an all time high of $850.00 -
An equally astounding rise of 507%! -

another significant cycle saw more than 1,000 bps in tightening
from the spring of 1972 into the summer of 1974 -
Gold nearly tripled in value, from less than $50 -
to nearly $140.00.



Sprott is the major shareholder of
Drumlummon Gold & Silver Mine -
timeline -

1876 —
Irish miner Tommy Cruse discovers gold near Marysville and starts
tunneling into the hillside.
He names the mine Drumlummon after a parish in his homeland.

1883 —
Cruse sells the mine to the fabled Rothschild family
for $1 million cash and $500,000 in shares.
The mine employs 165 men and is 1,600 feet deep.

1892 —
A fire breaks out at the 1,200-foot level.
They flood it with 5,000 gallons of water to put it out.

1895 —
Water starts to be pumped out of the mine so they can drill deeper.

1896 —
A cyanide processing plant is built.

1910 —
The Drumlummon is shut down after the operators lose a 20-year
lawsuit that included five appeals to
the U.S. and Montana supreme courts.

1911 —
St. Louis Mining and Milling Company, the successful litigant,
takes control of the mine and leases out the operations.

http://helenair.com/news/local/drumlummon-mine-timeline/article_cb40fdea-ae37-11e2-b0a0-0019bb2963f4.html

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86265644

http://www.us-silver.com/Operations/Drumlummon/default.aspx

http://investorshub.advfn.com/US-Silver-&-Gold-Inc-USGIF-12388/

U.S. Silver & Gold Inc - Latest Presentation -

http://www.us-silver.com/Investors/Presentations/default.aspx

http://www.us-silver.com/News-and-Events/News-Releases/News-Release-Details/2014/US-Silver--Gold-announces-results-of-shareholder-meeting/default.aspx

http://www.us-silver.com/

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105741325



http://www.youtube.com/watch?v=aJwKpyZS7_M

God Bless


My opinions are my own and and DD I post should be confirmed as unbiased

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