Replies to post #13957 on Double Crown Resources Inc. (fka DDCC)

[GTMUSTANG16]

BOOM! Excellent news from DDCC today. They are now completing both major parts of their business plan. They have Translock patented and being marketed at this time and also the gold and mineral business is taking a big step forward today with this acquisition. And new revenues are coming to the company almost immediately. Very pleased with Double Crown's progress.

[ProfitScout]

Another very big accomplishment for Double Crown today. They have clearly been working very hard to get the gold and precious metals business moving forward this year and now we see they have succeeded in acquiring one of the best mining operations in the Latin American network that the company had previously established.

They did tell us all about this in previous announcements. All anyone has to do is go back and review the DDCC news. Now Double Crown owns all the gold and precious metals they need to start filling all their customers' orders that are already on contract.

Note also the mention in today's news that the Translock Squared system will be used in this new mining operation.

[ProfitScout]

Double Crown Resources (DDCC) Reminds Us There's More to the Story
By SmallCap Network
Oct 5, 2016 6:18:59 AM PDT
Link to full article:
http://www.smallcapnetwork.com/Double-Crown-Resources-DDCC-Reminds-Us-Theres-More-to-the-Story/s/article/view/p/mid/7/id/2174/

[magicman]

ddcc is coming together in 2016. the gold supply business is now under their direct control with this major acquisition of the source mines in mexico. that means ddcc owns the gold and makes the decisions on where it goes. they did report they were working on this acquisition right after the announcement of the first big gold contract at the start of the year. this company gets the job done even if it takes longer than originally expected. good news today. 

[ProfitScout]

Whatever Happens, Gold Stands to Gain
By ROGER ARNOLD
Real Money
SEP 24, 2016 | 12:00 PM EDT
Link:
http://realmoney.thestreet.com/articles/09/24/2016/whatever-happens-gold-stands-gain

It's been about a month since I last addressed gold and the gold miners specifically, and since the VanEck Vectors Gold Miners ETF (GDX) has declined by about 5% since then and the FOMC meeting was recently completed, this is a good time to review again.

There's a lot of confusion about the prospects for gold that are being driven by the wide variety of narratives offered by "experts" concerning the outlook for the economy.

The differing narratives, including deflation, stagflation and inflation, put forth by prominent people and organizations concerning the immediate prospects for global and regional economic activity are as wide today as ever.

The bottom line, though, is that no matter which of these narratives you subscribe to, although they all imply very different trajectories for other asset classes, they are universally positive for gold and the gold miners.

The United Nations Conference on Trade and Development (UNCTAD) recently stated that imminent debt defaults in emerging-market countries, and the global deflationary spiral that will follow, are the two principal risks right now.

The proposed countermeasures are capital controls by emerging-market governments and globally coordinated pre-emptive fiscal stimulus by developed countries to force-create demand and thus the economic activity. This will produce the financial capacity to service the existing debt and preclude the collapse of emerging-market economies.

The Telegraph's Ambrose Evans-Pritchard takes the U.N. analysis one step further by claiming the process will require the biggest debt jubilee (debt forgiveness) in history, but stops short of extrapolating the implications for the developing economies and markets that will absorb those losses.

However, he too is of the opinion that fiscal stimulus is the proper response and inevitable.

Former Fed Chair Alan Greenspan has been vocal over the past few months concerning his projection for stagnation and stagflation in the U.S., with the proposed remedy being fiscal stimulus.

The analysts at PIMCO, along with prominent bond traders Bill Gross and Jeffrey Gundlach, think inflation is the imminent issue and will be caused by fiscal stimulus measures being enacted, which are required because monetary stimulus has failed to cause economic activity to increase.

Then we have the central bankers weighing in collectively with the idea that monetary policy hasn't failed, there are still tools available to them to counteract deflation, but that fiscal stimulus now needs to increase, as I discussed in the column "Fiscal Response Pressure Continues to Mount."

It's understandable that they wouldn't blame themselves for the current situation of economic malaise.

Regardless of which of these narratives, and the economic trajectories they imply, you subscribe to, the common theme is that fiscal stimulus is now necessary globally, and that's positive for gold.

The only narrative that's not positive for gold is the one offered by the FOMC, repeated again in its latest statement, that the economy is fine, organic growth is imminent and rate hikes and normalization remain as logical monetary policy, which essentially implies that fiscal stimulus could help the economy along but isn't necessary.

The statement, however, stands in contrast to what was discussed at the Jackson Hole symposium and should give pause in accepting it at face value.

I don't.

The FOMC has been wholly irresponsible in not discussing the reasons for the failure of monetary policy to have been successfully transmitted to the economy over the past several years, in my opinion.

From a purely anecdotal perspective, however, prudence and risk mitigation alone require taking into account the fact that an increasing number of analysts are calling for something other than slow and steady growth. Regardless of whether that's deflation, stagflation or inflation, we should listen to them.

The most logical asset class that should perform well in all of those circumstances is gold, and my preferred method of doing so is through the gold miners.

[Stephimac]

This news is great, DDCC has controlling interest in mining in Mexico. This acquisition will help them fulfill their delivery of precious metal.

[ProfitScout]

Double Crown's Puebla mining acquisition news is on the NASDAQ site today. Here's a direct link: http://www.nasdaq.com/press-release/double-crown-resources-acquires-controlling-interest-of-major-gold-silver-and-minerals-property-in-20161005-00530

Note you can vote for this news on the site as a NASDAQ favorite.
Just click the link above.

[HempsterBit]

Double Crown acquires Puebla gold and silver mine in Mexico. That's a real deal event and another pretty big feather in the company's cap in addition to the Translock. They have talked about all the different mines that they have agreements with all throughout Latin America many times and now they have actually gained controlling interest in a big one that is ready to produce right away.

I can understand why this took a while to get done with all the different mines in different countries they had to research on and consider. Double Crown already has customers and contracts for the gold which they now own so it's definitely revenue time for this company. Great news.

[ProfitScout]

DOUBLE CROWN RESOURCES INC (OTCMKTS:DDCC) ACQUIRES PROPERTY IN MEXICO
written by Edward Tarpin
SmallCap Exclusive
Link:
http://smallcapexclusive.com/double-crown-resources-inc-otcmktsddcc-acquires-property-mexico/

[magicman]

ddcc should be able to report on new gold shipments very soon from the operational mine they acquired in mexico. from what was in the ddcc news, taking ownership on this mine was the important step that their gold customers wanted to see happen. now that this is accomplished we should see a lot of new shipments and also new revenues for the company.