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THERE IS NOTHING WORSE THAN ILLITERATE AI....
UAMY @ .60s: US Antimony only US company with access to critical Antimony after 9/15/24 China restrictions on export of antimony.
99.9% of investors ever heard of antimony.
Heading into 9/15/24 the antimony restriction story will be all over the news.
Link:
https://finance.yahoo.com/news/china-limit-antimony-exports-15-142821600.html
nvestors
https://finance.yahoo.com/news/china-limit-antimony-exports-15-142821600.html
antman thanks - Monument Begins Gold Concentrate Shipments at Selinsing Gold Mine
June 23, 2023
https://monumentmining.com/news-media/news/2023/monument-begins-gold-concentrate-shipments-at-selinsing-gold-mine/
View PDF
Vancouver, B.C., June 23, 2023, Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or the “Company”) is pleased to announce the first gold concentrate shipments and sales from the newly constructed flotation plant at the Selinsing Gold Mine.
President and CEO Cathy Zhai commented, “This is a momentous occasion for us as we begin to ship and sell gold concentrates from the flotation plant. The initial offtake of 2,000 dry metric tonnes (“DMT”) of concentrate from Selinsing marks the beginning of a gold concentrate revenue stream and restores our operating cash flow. We would like to give thanks to our hard-working operation teams, backroom administration support personnel and our business partners to make this happen.”
Figure 1. Loading Concentrate for Transport
Figure 2. Concentrate Shipment at Weighbridge
Gold Concentrate Shipments and Sales
Significant interest has been received from potential buyers of the Selinsing gold concentrate. All export and transport permits have been received and the first truckloads of concentrate were shipped from the Selinsing warehouse on June 18th, 2023 to Johor Free Trade Zone. To date 490 DMT of concentrate have been dispatched out of an initial offtake of 2,000 DMT. Weighing, sampling and moisture determination of the delivered concentrate is being conducted at the Johor Free Trade Zone by an appointed internationally recognized survey company.
An additional 3,000 DMT of concentrate is currently available for sale. The Company intends after a trial shipment to gradually increase the number of trucks to speed up the logistic process in selling backlogged product. In the future concentrates will be shipped to buyers on a routine basis. The backlog was caused by a lengthy initial administrative process for obtaining all relevant permits and organizing logistics. Over the last six months, the Company has built a logistic team and sales chain at the Selinsing Project.
Commercial Production Update
The flotation plant operation is improving with up to 99% of design capacity achieved during June 2023, and overall 83% capacity achieved for the 30 day period up to June 17th 2023. Torn filter cloths remained an issue with new cloths still awaited from the filter press supplier McLanahan. New HDPE pipework was received to upgrade the concentrate thickener underflow pipeline. A similar upgrade was planned for the flotation cleaner concentrate pipeline which emerged as a bottleneck with increasing flotation mass pull.
Figure 3: Selinsing Flotation Plant
Flotation recovery has shown a steady improvement as increasing proportions of newly mined transition and fresh ore were processed. Daily recoveries in excess of 80% have been recorded during June 2023, although an average of 68% recovery month to date was caused by some poorly performing old transition ore processed at the start of the month.
Construction of the concentrate shed continued with the main roof completed and the perimeter concrete wall approximately 50% done. Work continued extending the lean-to roof to the filter press building. The bagging system has been prepared for shipping to Malaysia.
Mining Update
Mining of Buffalo Reef Stage 1 BRC2 and BRC3 pits continued with both transition and fresh ore delivered to the ROM pad and maintained around one month’s supply of ore feed to the flotation processing plant. A new drill rig was delivered in June 2023 with nine grade control drilling rigs now operational; a tenth unit is scheduled for delivery in August 2023. The mining operation is aiming to achieve and maintain a three-month supply of ore at the ROM.
Construction of the explosive’s depot progressed well with delivery of the bulk emulsion gassing container and the connection to mains power completed. This is to remove dependency on explosives delivery from the sole dominant supplier in the country due to their shortfall of trucks over the past several months. The isotainer storage tanks are due for delivery in late June 2023 and the explosives depot will be commissioned in early July 2023.
Work started on the conversion of the old core shed to an expanded sample preparation facility capable of processing up to 700 grade control samples per day, which will remove another major bottleneck in the mining cycle.
Risks
Other operation risks in related to mining and processing processes are under continuous evaluation to improve the performance.
The Company closely monitors uncontrollable risk factors with building and operation of the flotation plant including but not limited to: change of market conditions, change of gold prices, operation risks including critical parts shortages which may cause a longer than expected ramp up period, and changes in regulatory restrictions in relation to arsenic level contained in gold concentrate.
About Monument
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is an established Canadian gold producer that 100% owns and operates the Selinsing Gold Mine in Malaysia and the Murchison Gold Project in the Murchison area of Western Australia. It has 20% interest in Tuckanarra Gold Project jointly owned with Odyssey Gold Ltd in the same region. The Company employs approximately 200 people in both regions and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighboring communities.
Cathy Zhai, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6
FOR FURTHER INFORMATION visit the company web site at www.monumentmining.com or contact:
Richard Cushing, MMY Vancouver T: +1-604-638-1661 x102 rcushing@monumentmining.com
New development to increase production from our Floatation Plant ....
With respect to the construction of the Biox Plant and in order to reduce the initial capital investment,
the Company now plans to develop the Selinsing Sulphide Project through a two stage de-risking
process:
....Stage 1 construction of a flotation plant that was originally designed to deliver sulphide gold
concentrates as a semi product for further BIOX® leaching process.
.....Under the new approach, the flotation plant will be modified to produce higher grade saleable gold
concentrates, the cash generated from which may be used to fund upgrading of the BIOX® leaching
plant.
This is an excellent move to modify the FP to produce a higher grade gold concentrate .
This will maximize and front load our profitability, both from increased production volumes and higher
grade concentrate relative to head grade
( ie higher recovery rates ).
In other words, Mass pull will be enhanced which will result in a concentrate weighing less but
containing more gold.
I would say that Dato is once again exercising his substantial background in mining experience around
the world and introducing those efficiency activities to make Selinsing as profitable as possible .
We are in good hands,,
There is a lot going on on the Monument Mining website very interesting explanation
nozzpack thanks
https://monumentmining.com/projects/selinsing-gold-portfolio/development/
https://monumentmining.com/projects/selinsing-gold-portfolio/exploration/
https://monumentmining.com/
https://monumentmining.com/investors/presentation/
https://monumentmining.com/site/assets/files/4327/2023-03-02-cp-mmy.pdf
https://monumentmining.com/news-media/photo-gallery/
Comment on this Post
God Bless
Amen
Bullish
API.CN- Trading at .19 cents (cad) - (APAAF-OTCQB) Press Release
APPIA RECEIVES POSITIVE ASSAYS RESULTS - ANNOUNCES PLANS TO PROCEED WITH THE ACQUISITION OF IONIC CLAY PROJECT, BRAZIL
Been watching Catherine's videos lately- very interesting indeed!
Earthlabs = nice Q1 earnings just out!
Pro-Life - You Need a War Strategy – Catherine Austin Fitts
By Greg Hunter On June 3, 2023 In Political Analysis
https://usawatchdog.com/you-need-a-war-strategy-catherine-austin-fitts/
Ignore Digital Dollar’s 'Hot Air' and Watch for Gold $3,000, Silver $50
Stansberry Research
598K subscribers
Conned... big time criminally conned!!! You should see some of the mind blowing pictures from Peru... It's sickening. The environmental damage/carnage is grotesque.
So this says to me that WE THE PEOPLE are getting conned...
SPOFF @ .21: CEO of giant NFG also Director of SPOFF ( EarthLabs). Gold genius Eric Sprott in big.
SPOFF sold off two units of the company that they build from thin air.
Upcoming Q4,2022 Report will show $54M cash. Almost no debt.
SPOFF has huge portfolio of gold and lithium stocks that they accumulated as payment for geological services in lieu of cash ........including a big slice of NFG, the gold strike that Eric Sprott thinks will be the biggest hit in the history of mining.
Note: Gold billionaire Eric Sprott holds a major stake in SPOFF and is taking a big interest in guiding SPOFF right now.
SPOFF coming off the bottom and looks quite strong going forward.
Link:
https://earthlabs.com/
Great resource on SPOFF site for traders in junior mining stocks:
https://earthlabs.com/ceo-ca/
IMPORTANT: SPOFF site is using Artificial Intel to power mining investments
https://earthlabs.com/resource-quantamental/
$2 Quadrillion Debt Precariously Resting On $2 Trillion Gold
BY TYLER DURDEN - SUNDAY, OCT 30, 2022 - 08:35 AM
https://www.zerohedge.com/markets/2-quadrillion-debt-precariously-resting-2-trillion-gold
BW3 (or whatever it's called) is Why Silver is Money Again
BY VBL - SUNDAY, OCT 23, 2022 - 12:53
Special Note: Why Silver Will Be Money Again
Authored by GoldFixSubstack
Gold and Silver people are like mushrooms. They’re kept in a the dark and fed a load of horseshit all day.
https://www.zerohedge.com/news/2022-10-23/special-note-why-silver-will-be-money-again
The Tipping Point for Gold
BY SPROTT MONEY - SATURDAY, SEP 17, 2022 - 6:00
The Tipping Point for Gold
Written by David Brady, Sprott Money News - September 17, 2022
https://www.zerohedge.com/news/2022-09-16/tipping-point-gold
This is what the collapse of civilization looks like
Stackin' higher... US Consumer Debt Accelerates Towards $16 Trillion
BY TYLER DURDEN - TUESDAY, MAY 10, 2022 - 11:05 PM
https://www.zerohedge.com/economics/charted-us-consumer-debt-approaches-16-trillion
Kootenay Silver Set to Commence 15,000 Meters of Drilling at Columba High-Grade Silver Project, Mexico
May 6, 2022
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to announce drill crews are on site at the Columba high-grade silver project (the “Property”), located in Chihuahua State, Mexico in preparation to begin the 2022 drill program. Two diamond core drills are scheduled to arrive within the next few days.
Drilling for this 15,000-meter program will focus on several areas on the property, including:
* The F Vein; host to historic high-grade silver underground workings (4 shafts and 6 levels of drifts) measuring over 1,000 meters in length;
* D, and B Veins located 800 metres south and along strike from the F Vein;
* JZ Zone located 700 meters east of the F Vein; and
* East Block located 200 meters east form the JZ Zone.
Initial focus of this program will be on deeper drill testing on the F Vein and expanding on the D and B Vein intercepts. This plan follows up promising results from previous drill programs highlighted by these examples of many:
F Vein
CDH-19-41: 787 gpt silver over 5.95 meters within 650 gpt silver over 7.45 meters and 159 gpt silver
D Vein
CDH-21-110: 932 gpt silver over 6.07 meters within 650 gpt silver over 17.8 meters and 453 gpt silver over 29.9 meters
B Vein
CDH-21-82: 1186 gpt silver over 4.6 meters within 9 meters of 691 gpt silver
JZ Trap Zone:
CDH-21-103; 2035 gpt silver over 6 meters within 805 gpt silver over 17 meters and 333 gpt silver over 44 meters
East Block:
CDH-21-101: 1190 gpt silver over 0.5 meters within 459 gpt silver over 1.6 meters
Sampling and QA/QC at Columba
All technical information for the Columba exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists and engineers. Samples are then labeled, placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company to ALS Minerals ("ALS") in Chihuahua. The Company inserts blanks, standards and duplicates at regular intervals as follows. On average a blank is inserted every 100 samples beginning at the start of sampling and again when leaving the mineral zone. Standards are inserted when entering the potential mineralized zone and in the middle of them, on average one in every 25 samples is a standard. Duplicates are taken in the mineralized zone, on average 1 to 2 duplicates for each hole.
The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver, B.C. Systematic assaying of standards, blanks and duplicates is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30-gram fire assay with an AA finish. All drilling reported is HQ core and has been contracted to Globexplore Drilling from Hermosillo, Sonora, Mexico.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed and approved on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest junior portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: www.kootenaysilver.com
https://www.kootenaysilver.com/news/kootenay/2022/kootenay-silver-set-to-commence-15000-meters-of-drilling-at-columba-high-grade-silver-project-mexico
A ‘growing club’ of ‘very powerful countries’ is steering away from using the dollar
PUBLISHED WED, OCT 30 20197:27 PM EDT UPDATED THU, OCT 31 20191:35 AM EDT
Eustance Huang
https://www.cnbc.com/2019/10/31/de-dollarization-russia-china-eu-are-motivated-to-shift-from-using-usd.html
When The Next #SILVERSQUEEZE Will Break | Gareth Soloway
The Biggest Silver Squeeze is Coming 2022 | Rick Rule Silver Price Analysis
Silver Squeeze Will Be Nickel On Steroids & Will Be The Short Squeeze Of The Century
The Real Silver Squeeze: 300% Move Higher
"Silver is BOUND To Touch $1000/OZ Once This HAPPENS... "
Keith Neumeyer | Price Prediction 2022
$UURAF Ucore Rare Metals Inc.
Ucore is focused on rare- and critical-metals resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore has a 100% ownership stake in the Bokan-Dotson Ridge Rare Earth Element Project in Southeast Alaska, USA. Ucore’s vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.
Through strategic partnerships, Ucore’s vision includes disrupting the People’s Republic of China’s control of the US REE supply chain through the development of a heavy-rare-earth processing facility — the Alaska Strategic Metals Complex in Southeast Alaska and the long-term development of Ucore’s heavy-rare-earth-element mineral-resource property located at Bokan Mountain on Prince of Wales Island, Alaska.
Ucore is listed on the TSXV under the trading symbol “UCU” and in the United States on the OTC Markets’ OTCQX® Best Market under the ticker symbol “UURAF.”
For further information, please visit www.ucore.com.
https://ucore.com/ucore-streamlines-the-management-and-technical-teams-for-the-commercial-deployment-of-rapidsx-technology/
$STPGF (otcQX explorer - via Gold Telegraph email):
https://www.otcmarkets.com/stock/STPGF/overview
https://steppegold.com
KOOTENAY SILVER REPORTS AZTEC – KOOTENAY JV INTERSECTS 0.87 GPT GOLD OVER 152.4 M INCLUDING 2.05 GPT GOLD OVER 33.5 M FROM CALIFORNIA ZONE AT CERVANTES PROJECT IN SONORA, MEXICO
April 13, 2022
Kootenay Silver Inc. (TSXV: KTN, OTC: KOOYF) (the "Company" or "Kootenay") is pleased to announce additional positive drill results from the Aztec-Kootenay JV on the Cervantes Project located in Sonora, Mexico.
Results continue to intersect wide intervals of good grade gold mineralization with every hole in the California Zone to date hitting wide intervals of anomalous gold in mineralized quartz feldspar porphyry and hydrothermal breccias.
California Zone Drill Highlights
* CAL22-011
0.43 gpt Au over 132.2 meters, including 1.29 gpt Au over 12.2 meters along the north central edge of the mineralized zone.
* CAL22-012
0.87 gpt Au over 152.4 meters, including 2.05 gpt Au over 33.5 meters along the north central edge of the mineralized zone.
* CAL22-014
0.48 gpt Au over 54.9 meters located at the northern edge of the eastern portion of the mineralized zone
To-date, every hole drilled at California has intersected near surface, oxidized gold mineralization with minor copper oxides. There are 8 more holes pending from the California zone including one pending from each of the Jasper and California North targets.
View drill sections here:
CAL22-011 to CAL22-014: https://bit.ly/3jC4v3c
California 2022 RC Drill Program Plan Map: https://bit.ly/37IAoEo
Gold mineralization at the California zone now measures approximately 900 metres long by 250 to 500 metres wide, with demonstrated, continuous mineralization up to 265 metres depth vertically. The porphyry gold-copper mineralization is still open in all directions.
Eight holes are awaiting assay results and will be reported accordingly. The program of Reverse circulation (RC) drilling totaled 26 holes and 4,649 metres. Four main target areas were tested with objectives to better define the open pit, heap leach gold potential of the porphyry oxide cap at California, evaluate the potential for deeper copper-gold porphyry sulfide mineralization underlying the oxide cap, test for north and west extensions of the California mineralization at California North and Jasper, and assess the breccia potential of Purisima East.
All widths are drilled widths, not true widths. Gold mineralization appears to be widely distributed in disseminations, fractures and veinlets within the quartz-feldspar porphyry and related hydrothermal breccias.
Drill samples cuttings are collected every 5 feet (1.52m) from all drill holes. The samples are analyzed by Bureau Veritas for gold with a 30-gram sample size using the method FA430 followed by MA300. Over limits, when present, are analyzed by AR404 or FA550. All holes contain certified blanks, standards, and duplicates as part of the quality control program. The QA/QC has delivered excellent results to date good data integrity. The samples are shipped to and received by Bureau Veritas Minerals laboratory for the gold and multielement geochemical analysis and additional gold results will be received and reported in the next several weeks. Final multielement ICP results are expected to follow the release of the preliminary gold assays and are expected to be received during the second quarter 2022.
Cervantes Property Overview
Cervantes is a highly prospective porphyry gold-copper property located in southeastern Sonora state, Mexico and is held under a joint venture with Aztec Minerals (65%) and Kootenay Silver (35%) respectively. The project lies 160 km east of Hermosillo, Sonora, Mexico within the prolific Laramide porphyry copper belt approximately 265 km southeast of the Cananea porphyry copper-molybdenum mine (Grupo Mexico). Cervantes also lies along an east-west trending gold belt 60 km west of the Mulatos epithermal gold mine (Alamos Gold), 35 km northeast of the Osisko San Antonio gold mine, 45 km west of the La India mine (Agnico Eagle), and 40 km northwest of Santana gold deposit (Minera Alamos). View: Cervantes Project Location Map
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed and approved on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico. Supported by one of the largest junior portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of its priority silver projects located in prolific mining districts in Chihuahua, State and Sonora, State , Mexico, respectively.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: www.kootenaysilver.com
https://www.kootenaysilver.com/news/kootenay/2022/kootenay-silver-reports-aztec-kootenay-jv-intersects-087-gpt-gold-over-1524-m-including-205-gpt-gold-over-335-m-from-california-zone-at-cervantes-project-in-sonora-mexico
Trusting the Message of the Markets
By Michael J. Ballanger
Good Friday, April 15, 2022
“A man cannot be convinced against his own convictions, but he can be talked into a state of uncertainty and indecision, which is even worse, for that means that he cannot trade with confidence and comfort.”
- (Reminiscences of a Stock Operator – Edwin Lefevre)
Few investors under the age of sixty have even heard the name “Jesse Livermore” and even fewer have read as much as one page ever written by the legendary author “Edwin Lefevre” who wrote what many consider their personal investment “bible of sorts” in the classic “Reminiscences of a Stock Operator”. The book was given to me as a gift in 1973 by my finance professor while attending Saint Louis University and while I did my best to read it, I never really grasped it until some thirty years later, after I had won and lost over $500,000 three times by committing critical errors that, ironically, were all dealt with between the spines of that book. I have it in my office at all times and as amazing as it is that it has survived after all these years despite owner-instilled savagery, such as mottled coffee stains and spilled red wines of various vintages and flavours, as well as beautifully-distinctive burn marks from the days when I actually smoked (the nature of which I refuse to divulge). The quotes from “Old Turkey”, purported to be “the man” himself, Jesse Livermore, are like biblical parables.
How this majestically dovetails with where we are in the global markets today lies within the message of my GGMA 2022 Forecast Issue, where with the NASDAQ and S&P at record highs, I issued my version of the “Sell EVERYTHING” but not until the first week of January gave me the required evidence. I made my “Bear Market” call on January 7th of this year knowing full well that I might be (fairly or unfairly) deemed a “perma-bear” at best and “the two hands of a broken clock” at worst. What is important is for me to constantly revisit my bearish stance and try to validate with unbiased and ego-free methodology.
I met Yale Hirsch in 1997 in Connecticut where we dined and opined in absolute intellectual splendour and as the founder of “The Stock Trader’s Almanac”, he has provided me with a wealth of historical data and while it is not predictive on its own, for those with experience, it is a HUGE help. The April Almanac says “April is still the best Dow month (average 2%) since 1950” and that “Rarely a dangerous month except 2002, 2004, and 2005”.
Bear markets are like thieves in the night; they remove all of your valuables before they leave but not before they defile those to whom you are close. I can safely say this because it was only after I learned to ignore the media and co-workers and employers and managers that I realized how dangerous “alternative agendas” can be to one’s personal investment performance. As a case in point, there is no better cheerleader for the Wall Street Agenda than Mad Money host Jim Cramer.
Brought to you by the man that pronounced back in March, 2008 that investment banker Bear Stearns was “fine” (it wasn’t) and advised “Do NOT take your money out!” (you should have), Cramer is now telling investors that the current negative sentiment on Wall Street is setting up a bottom. Frankly, I find this offensive because as long as Cramer has been a part of the Wall Street “tribe”, he knows full well that the major bear markets of the past ninety years do NOT end after a ninety-day, 6% decline and particularly with retail investors still clamouring for deal flow and dip-buying, the bullish bias totally engrained in their collective psyche by decades of Fed gratuity. Bear markets end when the last bull sitting on a street corner with holes in his shoes smoking a discarded cigarette butt closes his stock account. The old timers that mentored me back in the Seventies and Eighties spoke of the dark days before December 1974 where the salesmen (there were no “wealth managers” back then) had to endure rising inflation, failure in Viet Nam, and Watergate as they watched stock prices (and client lists) shrink away into oblivion such that by the end of 1974, the public absolutely hated stocks. Based upon the number of advertisements I see on social media platforms and cable TV paid for by twenty-something stock-trading “gurus”, I would submit to one and all that stocks are still anything but “hated” because hiding behind every Millennial and Genexers’ bearish façade lies a maniacal dip-buyer resembling one of those cavernous-eyed marijuana junkies in that now-famous propaganda film from the 1950’s “Reefer Madness”.
Further validating my bearish stance is the recent Op-Ed published by Bloomberg whereby the highly-influential former Fed governor Bill Dudley wrote the following shocking words:
“It’s hard to know how much the U.S. Federal Reserve will need to do to get inflation under control. But one thing is certain: To be effective, it’ll have to inflict more losses on stock and bond investors than it has so far.”
Since my introduction to the financial services industry in 1977, there has been only one Fed bigwig that ever breathed such sacrilege to the World of Wall Street and that man was Paul Volcker whose pronouncements were not unlike those of Bill Dudley last week. What followed Volcker in 1979 was a bear market from January 1981 to August 1982 that crushed not only the double-digit inflation of the era but also all speculative (and non-speculative, for that matter) interest in the business of common stock investing. I recall riding in an elevator with a Wood Gundy salesman standing in the corner staring at his shoes, audible “sighs” emitting from him as each floor light blinked on the way to the parking garage. In my most disingenuous, smarmy voice, I asked “So Dougie! How’s it going?” while sporting my most annoying horse-tooth grin, to which Dougie responded with the finest description of bear market sentiment ever spoken:
“Mike, let me tell you how it’s “GOING”; I have one client left and that’s me – and I’m looking for a new broker.”
The chart shown below snaps us back to the month of April which is regarded as the trading year’s “best month”. However, it is also the end of the now-famous “Best Six Months” period of the trading year stretching from the beginning of November to the end of April which sets up another annoying adage “Sell in May and go away”. From where I sit, failing a miraculous stick save recovery in the next fifteen days, the big money has decided to skip April and fast-forward directly to that May directive where they “go away”.
Now, before you throw in the towel on all of your despicably-performing junior miners, let it be known that the gold miners, both senior and junior, put in crackling performances last week and especially Thursday, where the HUI rose .33% against a $13 drop in bullion prices and weak stocks. This positive divergence by the miners is at once both predictive and rare because we have been bereft of such occurrences for most of the past two years despite fiscal and monetary conditions that were about as gold-bullish as I have ever seen. I am long calls on the silver ETF (SLV:US) and on the Junior Gold Miner ETF (GDXJ:US) from the first and the eighth of the month as well as an obscenely large allocation to a basket of junior developers and explorers whose abject refusal to accept “Fair, just, and reasonable” valuation levels has me seeking out a ball-and-chain hammer to inflict retribution on anyone suspected as being the culprit behind such shenanigans. (It has to be someone’s fault, after all.)
Using gold as the proxy for all precious metals securities and commodities, I see new high ground dead ahead as the big money is drawn to sectors outperforming their benchmarks and since oil and industrial metals (nickel, copper, cobalt) are the most obvious targets for the Fed bazooka on the lookout for inflationary inputs, gold and silver may diverge because they represent far less of a threat to corporate profits than rampaging energy and base metals.
I learned many moons ago that the action of “the tape”, while difficult to translate at the best of times, still represents the market’s all-important message and that gold is beginning to go “lock and load” on the $2,089 level from August 2020 suggests that there is a “Clear and Present Danger” developing out there in both the geopolitical and fiscal/monetary policy arenas that is most certainly going to involve a gargantuan battle between the inflationary forces of geopolitical upheaval and the deflationary efforts of fiscal/monetary tightening with the casualties being stock investors and the survivors being those both outside the system and well-armed with hard assets and precious metals-centric portfolio holdings.
“The nature of the game as it is played is such that the public should realize the truth cannot be told by the few who know.” – Edwin Lefevre
MJB
https://lemetropolecafe.com/chien_du_cafe.cfm?pid=17636 (sub. req. ~ 2 week free trial available)
Bonds, Big-Tech, Bullion, Bitcoin, & Black Gold All Bid As Dollar & Dimon Dumped
BY TYLER DURDEN - WEDNESDAY, APR 13, 2022 - 04:00 PM
https://www.zerohedge.com/markets/bonds-big-tech-bullion-bitcoin-black-gold-all-bid-dollar-dimon-dumped
Russia’s “gold peg”: Lessons for Western investors
By Claudio Grass
April 12, 2022
It is undeniable that the ongoing crisis in Ukraine has polarized Western societies to an extent unseen in decades in any other foreign conflict. For over a month, we have been bombarded unceasingly by all mainstream media sources with reports and stories about Russia’s invasion and this conflict has already created deep social rifts in many other nations, and EU members in particular. No matter where one stands on this topic and no matter how passionate one might feel about it, I believe we can all agree that Western media has been far from unbiased in reporting relevant developments from the front. Neither has Russia state media naturally, as we might have expected, especially in the context of an ongoing conflict.
This considerable “gap” between the two versions of reality presented and propagated by the opposing sides creates a heavily contorted and skewed understanding of events in the minds of most citizens and voters, which in and of itself is extremely dangerous and can very easily dim the hopes for a swift and peaceful resolution. But it is also dangerous for investors, especially for those of us who understand the importance of geopolitical dynamics and shifts. There are essential pieces of information and consequential developments that most Western investors and ordinary savers are not being fully and accurately apprised of.
One such story, that I found to be very interesting and shockingly underreported, was the announcement by the Russian central bank on March 25, that it would buy gold at a fixed price of 5,000 roubles a gram until June 30. Prior to this announcement, the Russian ruble had dropped to record lows against the U.S. dollar, due to concerns about the heavy sanctions imposed by NATO allies. However, as a result of the decision to peg the currency to gold, the rouble saw a remarkable rebound, quickly returning to pre-invasion levels. Soon thereafter, on April 8, the Russian central bank announced that it would scrap its previous plan of buying gold at a fixed price from local banks and instead it will continue buying at a “negotiated price”, because of a ”significant change in market conditions”.
Now, if we could put political convictions, sentiments and affiliations aside for a moment and we look at this story objectively, there are quite a few important signals that we can separate from the noise. For one thing, the initial announcement to essentially peg the rouble to gold, in response to the free-fall it suffered as a result of the sanctions, clearly shows that everyone, even central bankers, still understand very well the trust that the market has in the yellow metal.
The scheme obviously worked, as expected, and the boost that the currency received provided further confirmation of what long-term gold investors always knew. Given the fact that fiat money is backed by nothing but faith in the government, when that faith crumbles, so does the perceived value of the pieces of paper that it printed. When faced with such a crisis, that can and has in the past proved to be existential, the State, any state, quickly turns to the same safe haven, and the trust it inspires, as any other investor.
Furthermore, the second announcement of the Russian central bank, to reverse its initial stance, also speaks volumes to investors who understand both monetary history and the dynamics of the current system. Even though Russia is one of the world’s biggest gold producers, no State under this system could afford, or would politically risk, to “tie the hands” of its central bank.
Pegging any fiat currency to gold would immediately put an end to all the reckless money printing operations and all the populist fiscal policies we’ve grown accustomed to. Especially in times of actual conflict, this would be very dangerous politically, not just for the Russian government, but for virtually every other political establishment on the planet too.
For precious metals investors, this entire affair clearly serves as yet another confirmation of the essential role that gold plays, in particular in times of crisis. And especially as Western citizens, after having been told by central bankers and politicians for decades that gold is a useless rock and a “barbarous relic”, the lesson here is even more important: “Do as they do, not as they say”.
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The Commodity-Currency Revolution Begins...
BY TYLER DURDEN - SATURDAY, APR 09, 2022 - 09:20 AM
https://www.zerohedge.com/geopolitical/commodity-currency-revolution-begins
Silver laid bare..
Michael J. Ballanger
Friday, April 1, 2022
If you take the time to read through all of the commentary on silver that is freely accessible via the myriad of social media outlets and popularized content providers, you come away totally bewildered by the vast array of opinions, arguments and theories covering silver’s role in the world monetary kingdom as well as its applications in the electrification movement and technology in general. As a commentator, I am astounded at the lack of actual research applied by many of my colleagues to the actual economics of silver and while newcomers to the world of investing have gravitated to the (mis)use of the phrase “due diligence”, the evidence abounds that they have no real understanding of the phrase and what it actually entails.
I read an article this week that had the author hyperventilating through an overheated keyboard over the assumption that all of this currency debasement was going to exacerbate the “current global shortage situation” (in silver). As I vainly attempted to avoid choking on the mouthful of Cabernet-Sauvignon I was “sipping”, I thought to myself “What publications could this chap be reading and in what decade were they penned?”.
I had just finished reading a fascinating article on “Kupferschiefer-style” mineralization which occurs in the region near the Germany-Poland border which carries approximately ten-parts copper for every one-part silver but based upon the sheer volume of this style of mineralization, it has been determined that it constitutes the largest historical silver resource on the planet. The significance of this lies in the fact that these deposits are primarily copper deposits carrying silver credits along with them so while we are commonly shown what are deemed be “stand-alone” silver deposits as part of a junior’s marketing pitch, the silver supply is dominated by base metal operations.
I recall back in 2013 while attending the Prospector and Developers’ Convention in Toronto speaking to a Glencore executive about a 30-million-ounce silver deposit in Peru and just at the point where I was about to deliver my “knockout punch”, he held up both hands and proceeded to tell me that Glencore’s zinc operation in Peru had slag heaps (waste dumps) with ten times that amount of silver that were viewed as “unremarkable” at best. I skulked away to the Royal York Hotel’s famous “Library Bar” to drown my embarrassment immediately thereafter.
In the history of global mining, there has never been a “global silver shortage”. Unlike gold, where most of the metal ever mined now resides in vaults controlled by the central banks, silver enjoys no such controls so every ounce produced has to find either a monetary or industrial buyer.
So, when a new player to the world of silver starts tripping the light fantastic in a celebratory jig about the outlook for silver prices, I look for remarks about supply as a queue to proceed with the article. Furthermore, if the word “shortage” appears in the first two paragraphs, I move along.
Now that I have cloud-seeded the first part of this missive with what might be construed as a “bearish” tilt toward the silver market, it is the other side of the equation that has my attention (and what prompted me to buy a few silver contracts this week) was the implications for pricing that could develop in upcoming weeks and months by the arrival of unanticipated demand. What steered me in the direction of the possible resurgence of such demand was a development which has left me totally aghast - the performance of a heretofore uninteresting junior gold developer called Hycroft Mining Holding Corporation (NCN) (HYMC:US)(USD $2.12).
For those unfamiliar with the details, a company historically involved in movie theatres, (AMC Entertainment, AMC:US) caught the attention of the Reddit/WSB crowd and ramped the stock from under $2 in early 2021 to over $70/share for absolutely no fundamental reason but in doing so raised a mountain of fresh capital in its wake. I applaud the decision to use the pump as a funding conduit but that is where my adulation goes off a cliff. On the giddiness of a fat treasury after years of “subsistence farming”, AMC decided to foray into the perilous halls of the junior mining menu but with all of the asset-rich, valuation-challenged junior miners all scrambling for attention, AMC opted to take a material chunk of Hycroft (formerly bankrupted disaster stock Allied Nevada Corporation).
Now, publications with far greater sway and influence than the GGM Advisory have already lined up the AMC/Hycroft deal in their crosshairs and have roasted the deal and the Hycroft Mine with total acidity and malice of intent. That mine is unquestionably “challenged” in terms of both metallurgy and optics – AND – if we are to believe the armchair mining analysts that decided to assail the deal – it will undoubtedly crush anyone that takes a position. That was all at around USD $1.30 per share and even I was tempted to inquire of the loan post at the firm I use if I could borrow a few hundred thousand shares in order to profit from the impending crash in the stock – and then it hit me. The same group that ramped AMC for $2 to $70 on gaseous vapours of hopium are now being hand-delivered on a silver platter the singular most promotable, ramp-able, moon-rocket-of-a-stock owned by mining legend and billionaire Eric Sprott in the form of HYMC and because they know nothing about mineral economics, they are free to trust only in the power of their investor community which, after the AMC ride, allows the court of investment judgement to be determined only by price and volume.
On March 27th, HYMC traded at USD $3.10 and closed out the week at $2.16. That is up 138% or 66% from the price when the Doomberg group (amomgst others) issued the death sentence.
What that tells me is that silver needs no supply-demand equilibrium in order to make money. Silver need nothing in the form of “fundamentals” nor does it require investors to conduct anything that might come close to resembling “due diligence”. With all of the cash sloshing around the system from incredible market moves like AMC and Gamestop and Telsa, based purely on momentum and FOMO, all that is required are the steely nerves of the novice crap shooter, because silver’s future lies in the randomness of the riverboat casino or the back-alley dice game. Why should we not take a position in silver, where the key to performance lies in the sudden unexpected appearance of monstrous, unbridled demand?
Given that skyrocketing base metals prices are encouraging the mobilization of formerly sub-economic supply, will the arrival of this possible new supply also stimulate the accompaniment of the silver bi-product? Who cares? Fundamentals do not matter. I think not. If the old adage of “safety in numbers” can be applied to gang warfare, it is of even greater significance in the stock pump game and if there us one thing that HYMC and AMC have demonstrated to the investment world with the utmost of emphasis and strength of purpose, it is that size matters. If your investor group decides that as a collective, they are going to revalue a worthless corporate issuer to a level considered borderline fraudulent, then let free market capitalism live on and reward the believers.
For this reason, I think silver is going to hit USD $50 per ounce in the next move because a bunch of video-game-trained Millennials figured out how to vanquish the “bosses” in the form of traditional Wall Street power brokers known as bullion banks. In late February of 2021, the SilverSqueeze movement went into a gunfight armed with machetes and got taken out behind the proverbial woodshed. However, they have recently regrouped and reinforced their ranks with profits taken in the rise to all-time highs in many if the “meme stocks”. The ascendancy of Hycroft Mining to a market cap of absolute absurdity represents the sounding of the clarion call of the advancing armies being called to service and it is with great irony that that I declare that there is absolutely no reason from either an economic or event-driven perspective that this move will occur.
I cannot provide time frames or price objectives with any real clarity or certainty but at the end of the day, this is what happens when citizens the world over lose all respect for the integrity of their home currency. When the fear of losing money – i.e. the recognition of risk – vacates the market place, it is because money has lost its scarcity value. When central banks are allowed to create currency and credit with little or no controls or limitations, that scarcity value evaporates and bubbles – one after the other – come rushing in.
My greatest fear is the point in time when people lose all interest in earning a living because government eliminates the requirement for the “earning” part. What history has shown regarding all financial crises since the Crash of ’87 is that it is the responsibility of government to protect investors from any and all risks, be they subprime banking fraud or health issues such as the 2020-2022 pandemic. Now, with inflation raging at nearly 8%, they are considering stimulus cheques designed to offset the impact of rampaging fuel and food prices proving once again that these legislators have never taken and certainly never passed any courses in economics.
I know that there are many gifted analysts out there that can provide relevant statistical reasons for owning silver and I recognize that my disillusionment with traditional fundamental analysis may come across as a blasphemy of sorts, but until the sanctity of money and respect for savings have been restored by a return to the principles of sound money and prudent fiscal behaviour, I will no longer attempt to provide logical rationale for ownership.
Instead, I will simply remember the immortal words of the croupier when the right number shows up in that wonderful carpet of green felt – “Winner, winner, chicken dinner!”.
MJB
https://lemetropolecafe.com/chien_du_cafe.cfm?pid=17598 ( sub. req.)
Does This Make Sense?
Mike Savage
March 16, 2022
Does this make sense? As I am writing this on March 15th., the Fed is beginning its 2-day meeting which will conclude tomorrow with an anticipated .25% interest rate hike- or maybe .50. In any case, it is a FAR cry from what they would need to do to have any major impact on inflation which just today was measured in double-digits for the first time since Bloomberg has been keeping track.
At the same time the stock market is rising and commodities of all sorts are being hammered lower even though the outlook for future prices couldn’t be brighter. (Do I smell major banks crushing prices so they can buy low and ride the coming wave higher?)
Why it makes no sense is that the companies that are seeing their shares rise are the ones paying the costs of rising input costs that will likely put a hurting on their profit margins going forward. At the same time those producing the goods that are costing more- and should lead to record profits are getting hammered lower.
This is similar to what we see leading into every Fed meeting. The deck chairs on the Titanic have to be lined up just right so they look good when their announcement is made. My personal take on this one is that they are likely setting this up so they can come out and say input prices are easing so we will only raise .25% rather than .5%. Of course, that is speculation on my part, but it appears to make sense.
The reasons I believe higher (and maybe drastically higher) costs are on the way are:
* Russia and Ukraine have halted exports of grains and many other necessary goods
* Argentina has halted exports of Soy products
* Moldova, Hungary and Serbia have banned exports of farm goods
* Trade routes and supply chains are being disrupted by wars and continued lockdowns
* Russia, China and many other countries are looking to bypass the US dollar in international trade which could lead to a massive decline in the purchasing power of our currency. So far, I know of China, Russia, Iran, India, Pakistan and it is appearing that Saudi Arabia is leaning that way.
* The world has been experiencing drastic weather events that have led to less than stellar harvests across the globe. There are also reports that our farmers here in the USA are having trouble sourcing fertilizer and nitrogen and, if found, the prices are skyrocketing so they may be planting crops that require less fertilizer- like replacing corn with soybeans, etc.
* There appears to be no help coming in getting greater oil production from OPEC or anyone else for that matter and the current US administration appears to be hell-bent on not allowing our domestic producers to do their jobs.
* The rising cost of fossil fuels leads to higher prices for virtually everything. Many products are manufactured with the fossil fuels and everything has to get delivered.
A friend of mine who has a large truck says that the price of fuel is up $125.00 per DAY in his business- for ONE truck.
It appears to me that the BTFD strategy should work out well here for both commodities and the companies that produce them. I believe that the hardest part of investing these days has to be the constant manipulation and distortion of all prices and having to wait for the “markets” to finally assert themselves and reveal reality as opposed to the illusion we have witnessed for the last 15-20 years.
Since all of our debt-based system values everything in US dollars (a debt-based instrument itself) I have to ask- what is the value of a unit of debt that can’t possibly be repaid if it keeps anywhere near its current perceived value? What is the value of ANY promise that cannot be kept?
Then, I have to ask what will the VALUE of gold, silver, oil, most commodities be when the paper promises are exposed for what they are- a fantasy?
I believe that the answer will stun most people. Don’t let that be you!
Be Prepared!
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Batten Down the Hatches
By Michael J. Ballanger
March 11, 2022
When I was student in the Stagflation 70’s, the only two budget items about which I cared were beer and gasoline. My hockey scholarship paid for everything else so I was largely insulated from the ravages of inflation, unlike many of my contemporaries that would resort to stealing steaks from the local Schnuck’s or frequenting the All-You-Can-Eat buffets with iced-down cooler bags so they could abscond with a few dozen pounds of cold meats and bread to deal with the “midnight munchies” after an evening out. Whatever the rate of inflation, you learn how to adapt to conditions with whatever means available but one interesting aspect of human behaviour is how extreme we behave when conditions are extreme. One look at the chart of commodities in 2022 and one is immediately struck by the price movements which, in case you have yet to notice, have moved from “remarkable” to “EXTREME”.
Now, what we learned from those geriatric Jesuits that taught us economics back in the 1970’s was that there are two types of inflation: “cost-push” and “demand-pull”. Looking back to 2008, it was the U.S. banks that fired up the sub-prime fiasco only to have a mammoth credit creation orgy bail them out of a certain self-immolation and in doing so, the Fed championed the cause of fighting any and all economic stresses with the printing press. What resulted was moderate consumer price inflation but acrid financial price escalation which allowed the elite classes to enjoy serial enrichment while the deplorables were content to leave their torches and pitchforks in their garages because maintaining obesity was not costing them more money.
That was all fine and dandy until 2020 when the geniuses at the helm saw the money-dropping helicopters heading back to base camp so they decided that a good old flu bug could be spun into a global pandemic which they did with masterful precision and total coordination between government, the media, and Big Pharma. The result was an immediate cessation of supply chain efficiencies accompanied with a torrent of new, wet-ink, currency creation such that the combination of reduced supply (pushing costs up) and exaggerated stimulus (pushing demand up) gave the world an astonishing one-two, Iron Mike Tyson assault of cost-push PLUS demand-pull inflationary pressures, the result of which we are now experiencing thanks to the lag effect of these disastrous but very much intended policy errors.
With the S&P 500 now closing out the week officially in “correction” territory (- 10% or more), there is little doubt that the world has entered a prolonged period of sub-par returns. The only uncertainty for me is whether or not the cessation of hostilities in both the Ukraine and the cyber, media, and financial battlefields will result in the “final melt-up rally” that everyone and their least-favourite in-law think is coming. From my perspective, markets appear to be bifurcated with commodity (particularly oil & gas) investors partying like 1979 while everyone else is wearing black arm bands. Where I stand apart from the “Melt-Up” missionaries is that the severity and velocity of these price increases virtually guarantee that a recession is either here in its early stages or on its way. Secondly, with the withdrawal of the credit-creation punch bowl and the hawklike warnings of the Fed and its other central bank brethren, they have reversed the Tyson-esque left-right combo of dual inflationary punches by threatening to raise rates into a rapidly-decelerating global GDP. Without me getting overly political, do not think for a NY moment that these anti-Russia sanctions are inflationary; they are massively deflationary because the creation of clogs in the intra-bank plumbing lines is never conducive to the generation of global growth. If intra-bank lending is the blood that flows through the global economic body, sanctions are like tourniquets on all limbs the windpipe. The victim usually succumbs to lack of blood flow to the brain and loses consciousness before the lights go out completely and forever. In fact, I suspect that the tourniquets to which I refer have already been administered to the politicians behind the sanctions, since their policy decisions are mired in a distinct lack of forethought and absence of cause-effect logistics.
During the past week, I elected to close out the GDXJ May call options along with SLV calls and my tax-loss favourite Fortuna Silver for YTD returns exceeding 65% for the calls and 20% for FSM. All junior and senior gold miners were seriously overbought with RSI readings in the mid-high 70’s. Even my darling copper moved for a very brief period into overbought status but the subsequent near-10% reversal the very next day (after surpassed USD $5.00/lb. for the first time in history) has since given me cause for concern. In fact, copper’s refusal to join the oil & gas lovefest during the latter part of the weak is an omen of sorts that all is not exactly a no-brainer in the world of “to-da-moon” commodities.
On a positive note, the last time uranium traded at $60/lb. it was February, 2011. It was not a happy time; the price had reached nearly $140/lb. four years earlier (2007) and was declining from the $75 level which was the peak of a classic bear market rally reached in December 2010. Accordingly, from a technical perspective, this type of move sets up a re-test of that fateful death trap level of USD $75/lb. and if that 2010 highs are taken out, uranium stocks are going to go on a complete tear. I have owned only one uranium/vanadium developer since 2017 and that is Western Uranium & Vanadium Corp. (WUC:CSE / WSTRF:US) (CAD $2.88 / USD $2.26) whose historical resource (56 million pounds of U3O8) priced at a tad above USD $1 billion five years ago, today carries an in-situ resource value of over $3 billion and yet with 38 million shares issued, it carries a paltry USD $111 million market cap. Subscribers bought the January unit offering at CAD $1.60 and are now well-positioned for rewards in what has been described as “the most asymmetric trade of the last two decades”. The uranium story is totally insulated from central bank policy errors and global economic trends – utilities need uranium that is now in shortage condition which will only get worse in the coming months.
As you all know full well, I am a gold investor and a gold bull but what I am not is a gold “bug”. I do not think that gold has to represent 100% of my net worth statement at all times nor do I believe that the world is returning to a gold standard any time soon. What I do believe is that conditions favouring gold ownership have never been better than in the past decade with particular emphasis on the period after the emergence of the insane policy responses to the Wuhan leak in 2020.
Now, that said, gold’s response to these optimal conditions has been less than inspiring because of the sheer magnitude of the policy responses to first the GFC (2008) and then COVID (2020) where literally trillions upon trillions of dollars were manufactured out of thin air to keep the asymmetrical wealth effect in play. In fact, the amount of global currency units conjured up after gold reached its peak in 2011 above USD $1,900 has been so monumental that on a basis relative to the degree of currency debasement globally, gold in U.S. dollars should be triple that price point – and it is NOT. Without descending down the rabbit hole of conspiracy theory head-banging, someone or something has it as their mission statement – their raison d’etre - to suppress gold prices, plain and simple. This is not the case for oil, for gas, for copper, or for wheat, corn, and soybeans. The idiocy of suppressing precious metals to mask this insidious debasement of a person’s paycheque through sanctioned monetary counterfeiting is beyond all rational explanation – and yet, it happens.
This is precisely why I have created the diagram shown here. Created in early January, all of these assets have been invaluable cornerstones for the defensive portfolio. Volatility (VIX) is ahead 75% YTD while cash has been preferable to the Dow or the S&P by a wide margin. As we approach the spring of 2022, I would probably move uranium to the top position with cash right behind it. Since these were prioritized before the Ukraine was invaded and sanctions imposed, none of the commodity spikes had yet occurred so that must be adjusted for now.
As the week draws to a close, I am reminded of the famous line from The Wizard of Oz (1939) in which the heroine looks at her little dog and says “Toto, I’ve a feeling we’re not in Kansas anymore.” To those of you anchored in the transitory assumption that a basket of commodity-producers alone will set you solidly apart from the performance-craving throng, I would suggest you do a YouTube search for anything recent from Dr. Lacy Hunt, whose convincing array of charts and data sets calls for a deflationary reaction to stimulus withdrawal and Fed tightening. I am not necessarily saying that I am completely sold on the prospect of copper with a 3-handle or oil back in the $60’s but it is an argument that we all should hear. With the mid-term elections coming up this November, the vast majority of votes are going to be cast by individuals adversely affected by a 7.9% CPI reported earlier in the week and if there is one notion totally bankable with your granddaughter’s tuition money, it is that politicians will do anything and everything, including blowing up the economy, for votes. On that basis, expecting them to protect the economy while saving the stock market at the expense of working-class votes is like thinking you are in Kansas as some old hag on a broom writes your name in the sky.
MJB
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Lessons from Russia
By Mike Savage
Weekly Article March 10, 2022
If there was ever a time in history when one should hold gold, silver and hard assets now appears to be the time. Gold and silver, in particular, have shown their value in time of crisis. When Venezuela went into hyperinflation gold and silver- along with all the necessities of life went to unimaginable levels. The lesson: you could still afford (if you could find anything to buy) what you could have bought BEFORE the crisis. It would be a good idea to have your necessities in abundance BEFORE it is obvious that you need to do so. As advertised- gold and silver held their value (because they actually have intrinsic value) as fiat currencies collapse.
This is a major reason that the central banks and their owners- the major banks keep the price of gold and silver suppressed. They measure the US dollar’s worth against other fiat (backed by nothing also) currencies to give the illusion of dollar strength. This allows them to have a higher perceived than actual value. Of course, when you can create hundreds of trillions at virtually no cost and with no real tangible wealth created- just purchasing power- what is the value of THAT anyway?
The US dollar is, and has been, in my opinion, being destroyed on purpose to usher in a new currency system- likely Central Bank Digital Currencies. The lesson we are likely to learn is that when you have the world’s reserve currency it is meant to be a store of value and used to settle trades. It is also meant to be used by EVERYONE. Since the US has been weaponizing the dollar many countries have been actively looking to circumvent the US’s ability to shut them out of the economic loop.
The reserve currency status of the US dollar is ALL that has allowed us to live FAR beyond our means for far longer than anyone could have imagined and now we are likely hastening the world’s exit from the US Dollar system. When you can use a currency as a weapon and have shown yourself willing to do so then your “enemies” really have no choice but to find an alternative solution- which actually already exists and may grow exponentially in the next few months.
In the past this financial warfare was only used against smaller economies and against “enemies” that couldn’t really fight back. Now, the NATO allies are poking the Russian Bear which could lead to MASSIVE inflation because of all of the natural resources they produce. In addition, it appears that they have a friend in China that is more than willing to buy whatever the west declines. This would only lead to even higher prices both here and in Europe.
It appears we are losing friends quickly as Russia and China appear to have their own agenda and even our historical partners in the Middle East, like the UAE and Saudi Arabia are refusing calls from our president but are taking calls from Putin. They are also buying HIS military equipment- not ours. Even Turkey (NATO Member) chose the Russian missile defense system over ours because of its superior capabilities.
When all we do is “print” money and buy stuff that the rest of the world has been producing that can only last so long. Last year, for example, the US imported $1.1 TRILLION more than we exported in goods (actual hard products). Only by figuring in Financial Services, Travel and intellectual property rights was the reported trade deficit $859.1 BILLION- financed with DEBT.
I believe the world is noticing that the US is the most indebted nation in the history of the world and that those “Promises to Repay” just might be being made in a currency which will have FAR lower “value” than was originally anticipated.
Central Banks, who can crank out trillions with a few keystrokes have been buying gold in record amounts for the last 4 years. It appears to me they see the writing on the wall.
I’m sure they know the meaning of “Those who hold the gold make the rules”.
In the meantime, Russia’s stock market has been closed since the outbreak of the Ukraine war with no opening date in sight. This is another lesson we may learn. When markets collapse, those in charge will close down “markets” to, in all likelihood, make sure the entire complex doesn’t collapse and save the hides of the 1%ers who would be most injured by the action. Just last year we got a small glimpse when major players were getting hammered in a short squeeze and the rules changed in the blink of an eye to save those close to those “in charge”.
Of course, many will tell me that this couldn’t happen here. We are “printing” and feigning wealth just like Venezuela. Our prices are starting to resemble the beginnings of the Weimar Germany hyperinflation episode and our mainstream media are telling us we have a great economy as we watch it collapse right before our eyes just like in the old Soviet Union.
In times of crisis, you need to have assets available. Here in the USA the “markets” have been closed numerous times- the last couple were December 2008 when losses tripped the wire and the markets closed for the day. After 9/11 the markets were closed for 6 days. 1987 crash- closed for the day. 1914 at the start of World War 1 the markets were closed for 4 MONTHS. In 1873 for 10 days and in 1865 for a week when the president was assassinated.
Let’s not forget the “bank holidays” in the 1930s when banks were closed and many were never to reopen. Today we have the FDIC but they have only a fraction of a percent of the “money” they insure and the major banks- which are more like gambling casinos than banks have hundreds of trillions of dollars in derivative exposure that could never be covered in the event of an implosion in that space.
Since we can’t anticipate what may happen or for how long we may not be able to access funds I believe it is prudent to have cash, necessities of life and barterable goods on hand.
In my opinion the most likely outcome of all of this is that Russia and China will be offering a new sort of SWIFT system (they both have their own versions) and this will make the world’s reliance on the US dollar to fall. It is likely to start off slow and pick up steam. I believe that by the end of this year we could see a MAJOR dollar devaluation that is actually, long overdue. This is likely to lead to prices for food, fuel, energy and all the necessities of life to skyrocket.
For those with “money” in the bank- good luck. The reported inflation is 7.9% and is actually 15%. Your deposit, if it is earning 1/10th. of a percent, is losing you a fortune.
If you have $100,000.00 in the bank at 1/10th.% you would earn $100.00 for the year. 1% would earn you $1000.00. At 7.9% inflation you would need $7900.00 more next year to have the same purchasing power you have now. At 15% inflation you would need $15,000.00 more than today. How “SAFE” is that?
I have written many times in the past decade that nothing is “safe”. I believe the only way to maneuver through this is to have assets everywhere and to be as diversified as possible. It appears that cash should be held not only in dollars but also other currencies. Gold and silver should, in my opinion, be a portion of everyone’s portfolio and that stocks should be bought with a keen eye on earnings, dividends and SOLVENCY. Companies that are over-indebted are far more likely to go to ZERO than a company with a strong balance sheet. It also appears that quality short-term bonds and foreign bonds may be more attractive than longer-dated and lower quality bonds as economic reality appears to be exposing itself. The 40-year lower interest rate cycle appears to be over.
The world is full of financial pitfalls at this time. It is likely that the decisions you make in the next few months could have a dramatic effect on your future financial position. Those counting on 60/40 portfolios and the “market always goes up” and the “Fed has our back” memes are, in my opinion, likely to be gravely disappointed.
Be Prepared!
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Argument for physical PM's: US Consumer Prices Are Rising At Their Fastest Pace In Over 40 Years
BY TYLER DURDEN - THURSDAY, MAR 10, 2022 - 11:37 AM
https://www.zerohedge.com/economics/us-consumer-prices-are-rising-their-fastest-pace-over-40-years
Kootenay Silver - Red Cloud 2022 Pre-PDAC Mining Showcase
A Weaponization Of Money We’ve Never Seen Before
BY CAPITALIST EXPLOITS - TUESDAY, MAR 08, 2022 - 12:00
KOOTENAY SILVER REPORTS AZTEC – KOOTENAY JV DRILLS BEST HOLE YET INTERSECTS 3.42 GPT AU OVER 51.7 M WITHIN 1.49 GPT AU OVER 136.8 M FROM CALIFORNIA ZONE AT CERVANTES PROJECT IN SONORA, MEXICO
March 2, 2022
*CAL22-05 represents the best gold mineralized intersection drilled to date at the Cervantes project
*Initial gold results from 15 additional drill holes are expected over the coming weeks
Kootenay Silver Inc. (TSXV: KTN, OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to announce project partner and operator Aztec Minerals has reported on 3 more holes from the Cervantes project in Sonora, Mexico.
California Zone Drill Highlights
* CAL22-005
-1.486 gpt Au over 136.8 m, including 51.7 metres of 3.424 gpt Au at the southern edge of the central part of the mineralized zone some 50 meters from hole CAL22-004 that previously reported 1.0 gpt Au over 167 meters with 24.4 meters of 4.25 gpt Au.
*CAL22-006
-0.75 gpt Au over 100.3 m including 3.087 gpt Au. Over 9.1 meters at the northern edge of the central portion of the mineralized zone
*CAL22-007
-0.422 gpt Au over 63.8 m located at the northern edge of the central portion of the mineralized zone
To-date, every hole drilled at California has intersected near surface, oxidized gold mineralization with minor copper oxides. There are 13 more holes pending from the California zone with one pending from each of the Jasper and California North targets.
View drill section here:
Link to section view holes CAL22-004 and CAL22-005 https://bit.ly/3IFS4xU
Link to section view hole CAL22-005 https://bit.ly/3HwShlO
Link to section view hole CAL22-006 https://bit.ly/3vxGpgW
Link to section view hole CAL22-007 https://bit.ly/3MutH95
Reported lengths are apparent widths, not true widths, and the observed gold mineralization appears to be widely distributed in disseminations, fractures and veinlets within quartz-feldspar porphyry, feldspar porphyry stocks and related hydrothermal breccias.
California 2022 RC Drill Program Plan Map https://bit.ly/3K9auHV
Holes CAL22-005, 006 and 007 intersected extensive gold mineralization, see table below, extending the known mineralized zone at depth and to the north and to the south and covers an area now measuring approximately 900 metres long by 250 to 500 metres wide, with demonstrated, continuous mineralization up to 265 metres depth vertically. The porphyry gold-copper mineralization is still open in all directions.
Click on link below to view mining table
Drill samples cuttings are collected every 5 feet (1.52m) from all drill holes. The samples are analyzed by Bureau Veritas for gold with a 30-gram sample size using the method FA430 followed by MA300. Over limits, when present, are analyzed by AR404 or FA550. All holes contain certified blanks, standards, and duplicates as part of the quality control program. The QA/QC has delivered excellent results to date good data integrity. The samples are shipped to and received by Bureau Veritas Minerals laboratory for the gold and multielement geochemical analysis and additional gold results will be received and reported in the next several weeks. Final multielement ICP results are expected to follow the release of the preliminary gold assays and are expected to be received during the second quarter 2022.
Cervantes Property Overview
Cervantes is a highly prospective porphyry gold-copper property located in southeastern Sonora state, Mexico. The project lies 160 km east of Hermosillo, Sonora, Mexico within the prolific Laramide porphyry copper belt approximately 265 km southeast of the Cananea porphyry copper-molybdenum mine (Grupo Mexico). Cervantes also lies along an east-west trending gold belt 60 km west of the Mulatos epithermal gold mine (Alamos Gold), 35 km northeast of the Osisko San Antonio gold mine, 45 km west of the La India mine (Agnico Eagle), and 40 km northwest of Santana gold deposit (Minera Alamos). View: Cervantes Project Location Map
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed and approved on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico. Supported by one of the largest junior portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of its priority silver projects located in prolific mining districts in Chihuahua, State and Sonora, State , Mexico, respectively.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: www.kootenaysilver.com
https://www.kootenaysilver.com/news/kootenay/2022/kootenay-silver-reports-aztec-kootenay-jv-drills-best-hole-yet-intersects-342-gpt-au-over-517-m-within-149-gpt-au-over-1368-m-from-california-zone-at-cervantes-project-in-sonora-mexico
$MB Thanks; GCM Mining - Red Cloud 2022 Pre-PDAC Mining Showcase
26 views Mar 3, 2022
https://www.youtube.com/watch?v=W7MBFXFBke8&t=29s
Aurcana Announces Closing of Second Tranche of Non-Brokered Private Placement for Aggregate of $5,972,725
Vancouver, BC – February 28, 2022 – Aurcana SILVER Corporation ("Aurcana" or the "Company") (TSXV: AUN; OTCQF: AUNFF) is pleased to announce it has closed the second and final tranche of the non-brokered private placement offering (the “Private Placement”) announced on February 1, 2022, subject to the approval of the TSX Venture Exchange. The second tranche consists of 1,926,857 Units at a price of C$0.35 per Unit, for a total of $674,399.95. The first and second tranches combined consist of a total of 17,064,928 units for a total of $5,972,724.80 raised.
Each Unit consists of one common share of the Company and one full common share purchase warrant (“Warrant”), with each Warrant entitling the holder thereof to purchase one common share at a price of C$0.525 for a period of 36 months following the closing of the Private Placement, subject to adjustment upon certain customary events.
The net proceeds of the Private Placement will provide contingency funding for the restart of the Company’s wholly owned Revenue Virginius (RV) Mine as well as funding for growth of the resource base at the RV Mine which may enable the Company to grow future production volumes. Net proceeds will also be used for working capital and general and administrative expenses including potential opportunities to advance its wholly owned Shafter Project in light of the current silver price.
The Units have been issued on a private placement basis pursuant to applicable exemptions from prospectus requirements under applicable securities laws. The common shares and Warrants (and any common shares issued pursuant to the Warrants, as applicable) are subject to a statutory hold period of four months and one day from the date of issuance of the Units. The hold period for the first tranche expires on June 2, 2022 and the hold period for the second tranche expires on June 29, 2022.
The Company paid an aggregate of C$243,558 in finder’s fees and issued an aggregate of 695,880 agent’s warrants, (“Agent’s Warrants”) with each Agent’s Warrant entitling the holder thereof to purchase one Common Share at a price of C$0.525 for a period of 36 months from the date of issuance.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws and may not be offered or sold in the United States unless registered under the 1933 Act and any applicable securities laws of any state of the United States or an applicable exemption from the registration requirements is available.
ABOUT AURCANA CORPORATION
Aurcana Corporation owns the Revenue-Virginius Mine, in Colorado, and the Shafter-Presidio Silver Project in Texas, US. The primary resource at Shafter and Revenue-Viriginius is silver. Both are fully permitted for production.
ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION
“Kevin Drover”
President & CEO
For further information, visit the website at www.aurcana.com or contact:
Aurcana Corporation
850 – 789 West Pender Street
Vancouver, BC V6C 1H2
Phone: (604) 331-9333
https://www.aurcana.com/news/2022/index.php?content_id=493
KOOTENAY SILVER REPORTS AZTEC – KOOTENAY JV DRILLS 4.2 GPT GOLD OVER 24.4 METERS WITHIN 167 METERS OF 1.0 GPT GOLD AT THE CERVANTES PROJECT, SONORA, MEXICO
February 23, 2022
Kootenay Silver Inc. (TSXV: KTN, OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to announce that its joint venture (“JV”) partner and JV operator, Aztec Minerals Corp. (“Aztec”) continues to intersect broad, high-grade, gold mineralization during the 2022 RC drill program at the California target on the Cervantes property located in Sonora, Mexico.
The best of three drill holes reported in this news release is CAL22-004 which intercepted:
*167.2 meters grading 1.002 gpt gold including 24.4 meters grading 4.247 gpt gold.
Two fences of drilling have now been completed on each side of the previously drilled fence of holes on the California shallow oxide gold target with the objective of expanding the size of the zone identified in 2017-2018 drilling. This has been successful so far with a foot print now measuring 250 to 500 meters wide and 900 meters long with mineralization continuous vertically to at least 245 meters.
California Zone Drill Highlights
* 1.002 gpt gold over 167.2 meters in mineralized quartz feldspar porphyry, including 24.4 meters of 4.247 gpt gold in CAL22-004, located in the central part of the mineralized zone
* 0.374 gpt gold over 99.1 meters in mineralized porphyries and hydrothermal breccias in CAL22-002 located at the west end of the mineralized zone
* 0.451 gpt gold over 45.7 meters in mineralized porphyries in CAL22-003, including 13.7 meters of 0.868 gpt gold located at the south end of the mineralized zone
View drill section here:
Link to section view hole CAL22-002: https://bit.ly/3seIHzA
Link to section view hole CAL22-003: https://bit.ly/3ImRPIg
Link to section view hole CAL22-004: https://bit.ly/3sdnHJx
Reported lengths are apparent widths, not true widths, and the observed gold mineralization appears to be widely distributed in disseminations, fractures and veinlets within quartz-feldspar porphyry, feldspar porphyry stocks and related hydrothermal breccias.
California 2022 RC Drill Program Plan Map: https://bit.ly/3vckYSo
Holes CAL22-002 and 003 intersected extensive gold mineralization, see table below, extending the known mineralized zone at depth and to the north, west, and CAL22-004 to the south. The porphyry gold-copper mineralization is still open in all directions.
Detailed Drill Results – CAL-22-001 to CAL-22-004
Click on link below to view Drill Results table
The Aztec-Kootenay JV has now completed its Phase 2 Reverse circulation (RC) program of 26 holes, totaling 4,649 meters at the Cervantes Property. Four holes drilled into the Purisma target have been previously reported. The single drill holes at Jasper and California North found mineralized quartz feldspar porphyry with results pending.
The Aztec-Kootenay JV will now carry out channel sampling and geologic mapping of the new drill roads at California, California Norte and Jasper, as well as to expand surface sampling and mapping on the property in general to continue the 2021 phase 1 surface program.
Drill samples cuttings are collected every 5 feet (1.52 meters) from all drill holes. The samples are analyzed by Bureau Veritas for gold with a 30-gram sample size using the method FA430 followed by MA300. Over limits, when present, are analyzed by AR404 or FA550. All holes contain certified blanks, standards, and duplicates as part of the quality control program. The QA/QC has delivered excellent results to date good data integrity. The samples are shipped to and received by Bureau Veritas Minerals laboratory for the gold and multielement geochemical analysis and additional gold results will be received and reported in the next several weeks. Final multielement ICP results are expected to follow the release of the preliminary gold assays and are expected to be received during the second quarter 2022.
Cervantes Property Highlights
View: Cervantes Project Location Map: https://bit.ly/353s9ld
*Large well-located property (3,649 hectares) with good infrastructure, road access, local town, all private land, water wells on property, grid power nearby
*Seven prospective mineralized zones related to high level porphyries and breccias along an 7.0km east-northeast corridor with multiple intersecting northwest structures
*Distinct geophysical anomalies California target marked by high magnetic and low resistivity anomalies, high radiometric and chargeability anomalies responding to pervasive alteration
*Extensive gold mineralization at California zone 118 soil samples average 0.44 gpt gold over 900 m by 600 m area, trench rock-channel samples up to 0.47 gpt gold over 222m
*Already drilled the first discovery hole at the California zone, intersected gold oxide cap to a classic gold-copper porphyry deposit, drill results up to 0.77 gpt gold over 160 m
*Excellent gold recoveries from preliminary metallurgical tests on drill core from California zone; oxide gold recoveries in bottle roll tests range from 75% to 87%
*California geophysical anomaly wide open laterally and at depth, IP chargeability strengthens and broadens to >500m depth over an area 1100 m by 1200 m
*Three-Dimensional IP Survey conducted in 2019 extends strong chargeability anomalies to the southwest covering Estrella, Purisima East, and Purisima West, coinciding well with alteration and Au-Cu-Mo soil geochemical anomalies, all undrilled.
Cervantes Property Overview
Cervantes is a highly prospective porphyry gold-copper property located in southeastern Sonora State, Mexico located 160 km east of Hermosillo, Sonora, Mexico within the prolific Laramide porphyry copper belt approximately 265 km southeast of the Cananea porphyry copper-molybdenum mine (Grupo Mexico). Cervantes also lies along a northeast-southwest transverse trending gold belt that includes the Mulatos epithermal gold mine (Alamos Gold) 60 km to the east, 35 km northeast of the Osisko San Antonio gold mine, 45 km west of the La India mine (Agnico Eagle), and 40 km northwest of Santana gold deposit (Minera Alamos). The property was acquired by Kootenay Silver by prospecting and staking and later optioned to Aztec Minerals who earned a 65% interest under the agreement. The property is now a 65/35 JV operated by Aztec with Kootenay holding a 35% interest and both parties contributing their pro rata interests to the project.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed and approved on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico. Supported by one of the largest junior portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: www.kootenaysilver.com
https://www.kootenaysilver.com/news/kootenay/2022/kootenay-reports-aztec-kootenay-jv-drills-42-gpt-gold-over-244-meters-within-167-meters-of-10-gpt-gold-at-the-cervantes-project-sonora-mexico
Kootenay Silver announces Aztec – Kootenay JV Intersects 2.8 gpt Au over 24.4 meters within 1.1 gpt Au over 88.4 meters at the Cervantes property in Sonora, Mexico.
February 16, 2022
Kootenay Silver (KTNV: KTN; OTC: KOOYF) is pleased to announce JV operator Aztec Minerals Corp. has reported a broad, high grade, gold intercept in the first RC drill hole on the California target on the Cervantes property located in Sonora, Mexico.
California Zone Drill Highlights
* 1.1 gpt Au over 88.41 m in mineralized quartz feldspar porphyry
- Including 1.56 gpt Au over 54.9 m with 2.8 gpt Au over 24.4 meters
View drill section here: Link to section view hole CAL22-001 https://bit.ly/3rYcxIk
This is the first hole in the California target in the current program and represents a significant step out from a previous fence of holes that established a broad area of shallow oxide gold mineralization. The best hole from which graded a drill length of 160 meters of 0.77 gpt Au, 0.13% copper and 3.4 gpt silver.
The Phase 2 RC drill program at Cervantes is focussed on expanding previously drilled California zone by completing two drill hole fences parallel to and on either side of the 2017-18 Phase 1 drill hole fence. To-date, every hole drilled at California has intersected near surface, oxidized gold mineralization with minor copper oxides.
Reported lengths are apparent widths, not true widths, and the observed gold mineralization appears to be widely distributed in disseminations, fractures and veinlets within a quartz-feldspar porphyry stock and related hydrothermal breccias.
James McDonald President and CEO of Kootenay Silver says “The current drill program on the Cervantes project is off to a great start with the best hole drilled to date. We are looking forward to the remainder of the drill holes results.”
The Cervantes project is a 65/35 joint venture with Kootenay holding a 35% participating interest.
California 2022 RC Drill Program Plan Map https://bit.ly/34JoXLI
Hole CAL22-001 intersected extensive gold mineralization extending the known mineralized zone at depth and to the north. The area currently being drilled measures approximately 800 metres long by 300 metres wide, with demonstrated, continuous mineralization of up to 170 metres depth. The porphyry gold-copper mineralization is still open in all directions.
The Aztec-Kootenay JV has completed 22 holes of a 25 hole, 5000 meter RC program. The first four RC holes tested the previously undrilled Purisima East target, where high grade gold mineralization was sampled in a glory hole. Preliminary gold assays in these four holes exhibit anomalous but sub-economic gold grades.
The main objective of the 2021 – 2022 exploration program is to further test the open pit, heap leach gold potential of the porphyry oxide cap at California and evaluate the potential for deeper copper-gold porphyry sulfide mineralization underlying the oxide cap.
Drill samples cuttings are collected every 5 feet (1.52m) from all drill holes. The samples are analyzed by Bureau Veritas for gold with a 30-gram sample size using the method FA430 followed by MA300. Over limits, when present, are analyzed by AR404 or FA550. All holes contain certified blanks, standards, and duplicates as part of the quality control program. The QA/QC has delivered excellent results to date good data integrity. The samples are shipped to and received by Bureau Veritas Minerals laboratory for the gold and multielement geochemical analysis and additional gold results will be received and reported in the next several weeks. Final multielement ICP results are expected to follow the release of the preliminary gold assays and are expected to be received during the second quarter 2022.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed and approved on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest junior portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: www.kootenaysilver.com
https://www.kootenaysilver.com/news/kootenay/2022/kootenay-silver-announces-aztec-kootenay-jv-intersects-28-gpt-au-over-244-meters-within-11-gpt-au-over-884-metres-at-the-cervantes-property-in-sonora-mexico
Case For Gold
By Mike Savage
Weekly Article February 18, 2022
There are many gold bugs out there who are salivating at the charts and calling for a massive run up in gold. Personally, I am expecting a major run up, but I am not placing my bets on the charts.
The charts are manipulated (like virtually everything else) by paper sales by major banks and headlines that algorithms read and act accordingly. Most of the time paper contracts are conjured up out of nowhere- with no real gold and sold into the “market” when the fewest buyers are around. By the way, it is always a “market order” to be sure the sells go through, the price goes down and the algorithms pick it up to induce even more selling and more pressure downward on the price.
The real reason that gold will, in my opinion, explode higher is that, at some point, this fraud will end. When it does the level of fraud will be revealed. I believe that most people will be stunned to learn just how fake ALL asset prices are. They will likely learn that stocks, bonds and real estate are GROSSLY overvalued, and this may cause generational losses.
On the other side of the coin, when assets being artificially repressed are unleashed the upside potential could be breathtaking and just might create generational wealth.
I have been watching the action in the real world and gold is up substantially in the last week based upon the supposed risk of Russia invading Ukraine. I saw gold rise $35.00 in one day based upon a THREAT with no action taken. Imagine what may happen when a real crisis strikes. I believe it is likely that the gold “market” could close limit-up for days where there are only buy orders and no sellers- the exact opposite of a market correction where there are only sellers and no buyers.
Anyone who is investing in passive (non-managed) funds should take this as a warning. On the way up all is well. On the way down- when everyone wants out and the ETFs you are buying are forced to sell just to WHOM are they selling to?
There are many other reasons why gold will perform well in my opinion. They are:
* Negative real interest rates. The knock on gold is that it doesn’t pay interest. That is true. It is still FAR better than the negative-yielding debt that is around (that is in a currency that is losing value on top of it) and has held its purchasing power for over 5000 years.
* Inflation. While most other commodities are skyrocketing, I believe that the only reason gold and silver have not participated is the manipulation. Inflation is 7% according to those who massage the numbers BUT, if reported as reported in the 1970s, would be a crushing 15%. In this case, if the Fed were to raise rates to 1%, we would still have an official negative rate of MINUS 6% and in the real world- what we feel in our lives would be MINUS 14%. How does no yield in an asset that is not bleeding value like the US dollar look now?
* FEAR. The real fear, which most people are oblivious to, should be that all those people, corporations, cities, states, and nations that have promised to pay you back lack the ability to do so without a MAJOR (and I mean HISTORIC) devaluation of the currency they plan to repay you in. When the masses wake up to this, I believe they will see that with continued “printing and buying” the bills will likely get paid but with a currency that has only a fraction of the purchasing power you were expecting. If, on the other hand, the Fed stops the “printing and buying” it would likely cause a cascade of defaults that would lead people to gold because, as JP Morgan himself said “Gold is money- all else is debt”. In other words- you own it and are not counting on someone else’s promise to repay. In addition, the big money that would be led to this comparatively small market could unleash a price explosion. If you want to participate your time for action is likely getting short. The major banks and central banks have a massive head start.
While they are busy suppressing the gold price and buying record amounts for the last 4 years the “market” gives the appearance of volatility and keeps many away from the most likely asset to preserve your wealth going forward. By the way, there are only two (2) assets that central banks list as “riskless assets” on their balance sheets- US Treasuries and GOLD. Is it REALLY risky or is that just the illusion being portrayed by those cornering the market on it?
* Geopolitical Tensions. Just this week we see tensions with Russia-Ukraine and China-Taiwan, etc. More importantly, to me, is what just happened in Canada where peaceful protesters are having assets confiscated by government decree with no evidence of wrongdoing- just having the wrong political view. If anyone thinks this is not a preview of what is coming globally you are likely not paying attention. The central bank digital currencies (mandated for all central banks by 2025 by the BIS) will make this ridiculously easy for any government anywhere to seize your assets if you step out of line. Do you have ANY preparations for that?
I don’t believe that gold is meant to be traded. I believe it is meant to be held to preserve the purchasing power of the “money” that you have worked all of your life to accumulate only to see a few unelected bureaucrats at the Fed and other central banks “print” the value of your money into oblivion. This is why prices are rising. It has NOTHING to do with any other bogus excuses they give to hide the truth.
Certainly, supply chain disruptions and other things exacerbate the problem but without the “printing and buying” people would have to produce real goods to survive- which more than half of our US population at this time- DOES NOT.
What is the value of a promise that can’t be kept? What is the value of an asset that is being valued in a currency that has little or no intrinsic value?
Be Prepared!
https://lemetropolecafe.com/dospassos.cfm?pid=17492 (sub. req.)
Matter of time for precious metals. Currently have 25 miners/explorers/royalty companies and building my position monthly.
$Gold/$Silver implications: Goldman Slashes 2022 GDP Forecast Again, Warns Of "Sharp Deceleration" In Growth"
BY TYLER DURDEN - MONDAY, JAN 31, 2022 - 10:00 PM
Two months after we warned that the Fed is hiking into a recession, The downgrades of the US economy are now coming in fast and furious.[/I]
https://www.zerohedge.com/economics/goldman-slashes-2022-gdp-forecast-again-warns-sharp-deceleration-growth
$Gold/$Silver implications: Inflation and the 'Great Bull Market': The Cycles Are Turning and a Major Inflection Point Is Here
BY AMERICAN CONSEQUENCES - MONDAY, JAN 31, 2022 - 9:14
https://www.zerohedge.com/news/2022-01-31/inflation-and-great-bull-market-cycles-are-turning-and-major-inflection-point-here
The $USD is relentlessly moving up... $Gold $Silver hammered overnight.
Crumbling Narratives?
By Bill Holter
January 20th, 2022 at 2:58 PM
At year end I was asked for predictions of what 2022 might see? My #1 prediction was that 2022 would see several narratives collapse. It did not take long to begin! Yesterday, Boris Johnson ended ALL Covid protocols in Britain and was followed by WHO backing off boosters for youngsters. While still trying to discern what prompted BJ to do a 180 (other than trying to retain power?), we will wait to see if others follow suit? We will also wait to see further actuary numbers of deaths from the insurance industry. Raw numbers will be hard to spin … Another area to keep close watch are financial markets. Bluntly, the stock market is also a “narrative”. I have said before and will reiterate now, the ONLY thing holding the social fabric together are stock markets still close to all time highs… but now seriously wobbling. If markets had not been juiced and goosed to ridiculous levels, I believe we would have already had extensive riots and violence. Only “401K” rosy statements have acted as salve on our wounded (mortally?) society.
It remains to be seen what happens from here, but it is safe to say, any Fed or central bank tightening will be met with equities severely puking. At close on Thursday we have had another downside equity reversal with option expiration coming tomorrow. Friday will be interesting to watch, a bad OpEx episode could bring Monday and next week into position to break the equity narrative’s back?
As for metals, we saw over 100 tons of Dec. COMEX gold contracts stand for delivery, I believe an all time monthly record. 2/3rds of the way through Jan., 18 tons are standing which is also a record for any full January. Actually, 18 tons was about normal for one of the 4 major delivery months just a few years back. It really does look like a stampede for delivery in the making! Silver is even more interesting, and I should say “fraudulent”. Over the last 8 months alone, COMEX claims to have shipped contracts representing over 800 million ounces to London for delivery. The problem is “size”. The entire world only produces slightly less than 800 million silver ounces, are we to believe there were really 800 million ounces laying around London to be delivered? Especially after 2 full years of ridiculously outsized delivery claims? Below are the EFP amounts over the last 8 months courtesy of Harvey Organ.
LAST 8 MONTHS TOTAL EFP CONTRACTS ISSUED IN MILLIONS OF OZs:
MAY: 137.83 MILLION OZ
JUNE: 149.91 MILLION OZ
JULY: 129.445 MILLION OZ
AUGUST: 140.120 MILLION OZ
SEPT: 28.230 MILLION OZ
OCT: 94.595 MILLION OZ
NOV: 131.925 MILLION OZ
DEC: 100.615 MILLION OZ
And speaking of this magic number of 800 million ounces, this is also the amount that Ted Butler claims that Bank of America is now short. I really cannot wrap my head around the reasoning for any bank to be short ANY amount of silver. Especially since we heard from CFTC head Rostin Behnam back last February that “they” had to “tamp” down silver, otherwise there would have been big problems. Yes, they kicked the can down the road about one year, is that can now filled with close to 1 billion short ounces of silver and too heavy to kick any further?
To wrap this up, I believe we are at a serious crossroads here and now! We should get many answers to many different markets and narratives in short order. Unfortunately, if the answers include narratives failing left and right as I believe, life as we have known it will be drastically altered by horrid realities. Be careful what you wish for as crumbling equity and real estate pricing, along with higher (drastically?) interest rates and inflation will make for an exploding misery index. Couple this with precious metals and commodity indexes finally trading at true market clearing pricing, and you have almost the perfect storm. Of course, perfection will only arrive with the full breakdown of supply chains, that should about do it for anyone with their heads in the sands of denial!
Standing watch,
Bill Holter
https://www.jsmineset.com/2022/01/20/crumbling-narratives/
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Assistants mick DTGoody Pro-Life Stinky_pinky |
Welcome to the Precious Metals Investors Club. One of the best precious metal discussion board on I-hub.
Thanks for visiting!
In the 7 Month Period From September 2008 to March 2009, the US Government Has Committed To Spending $4.92 TRILLION of Your Tax Dollars!!
Here is the Breakdown:
Bear Stearns Bailout | $30 Billion |
Fannie Mae/Freddie Mac Bailout | $200 Billion |
AIG Bailout | $150 Billion |
Sept 08 Pentagon Funding Bill | $630 Billion |
Troubled Assets Relief Program (TARP) | $700 Billion |
CitiGroup Bailout | $247.5 Billion |
Chrysler/GM Bailout | $17.4 Billion |
American Recovery & Reinvestment Act (09 Stimulus Bill) | $787 Billion |
March 09 Omnibus Spending Bill | $410 Billion |
Total Before 2010 Budget $3.172 TRILLION
2010 Budget Deficit $1.75 Trillion
Total After 2010 Budget $4.92 TRILLION
As expected, FED announced $600 billion QE2. The size of this amount of fiat injection is very toxic,
as it is much larger than the value of what we have in Fort Knox (Gold bullion).
Beware, these fiat are backed by nothing!
Gold
"Of all the precious metals, gold is the most popular as an investment. Investors generally buy gold as a hedge or safe haven against any economic, political, social, or currency-based crises.
These crises include investment market declines, inflation, war, and social unrest. Investors also buy gold during times of a bull market in an attempt to gain financially.
Ancient world believed that gold supernaturally retained the metaphysical essence of the sun.
Gold 10 year trend chart
$GLD:$USD Chart
Silver
The basic science of silver is simple. It possesses the highest conductivity of electricity than any other element, as well as the highest thermal conductivity than any other metal known to man.
In the ancient world, silver was often valued above gold, not just for it's easily malleable properties which made for such beautiful and ornate works of art and jewelry, but for the mythological beliefs that it mystically possessed the luminary powers of the moon.
For more than four thousand years, silver has been regarded as a form of money and store of value. However, since the end of the silver standard, silver has lost its role as legal tender in the United States. (It continued to be used in coinage until 1964, when the intrinsic value of the silver overtook the coins' face values.)"
Current Ratio is 42. Still way undervalued!!!
If you still have doubts about allocating a little of your portfolio into silver, these historic gold/silver ratios may make you think twice.
$GOLD:$SILVER Chart
Platinum
Platinum 10 year trend chart
Palladium
Palladium 10 year trend chart
Favorite links:
http://www.goldfeverprospecting.com
http://www.numismedia.com/fmv/fmv.shtml
http://www.24hgold.com/english/buy_sell_silver_coins.aspx?co_id=0
http://www.gainesvillecoins.com
http://www.providentmetals.com
http://quotes.ino.com/exchanges/category.html?c=metals
http://www.lifetimesterling.com
http://www.bulliondirect.com/nucleo/showProducts.do?cat=Silver_Bullion&category=1
http://silverrecyclers.com/Calculators/mxcoin_calculator.aspx
http://www.24hgold.com/english/interactive_chart.aspx?title=COMEX%20WAREHOUSES%20REGISTERED%20SILVER&etfcode=COMEX%20WAREHOUSES%20REGISTERED&etfcodecom=SILVER
Rules:
1. Everyone Has The Right To Express Their Opinion.
But, Personal Attacks Will Not Be Tolerated.
2. Be Prepared To Back Your Statements Of Fact With
Creditable Sources Or Stay Off This Board. We don't
need no "Damn Liars".
PER MGMT DAVE -
IH Geek [Dave] DISCLAIMER |
01-31-2021
DISCLAIMER: ONLY FOR MICK
https://investorshub.advfn.com/boards/profilea.aspx?user=1012
*The Board Monitor and Board Assistants herewithin , are not licensed brokers and assume NO responsibility for actions,
investments,decisions, or messages posted on this forum.
CONTENT ON THIS FORUM SHOULD NOT BE CONSIDERED ADVISORY NOR SOLICITATION
AUTHORS MAY HAVE BUYS OR SELLS WITH THE COMPANIES MENTIONED IN TRADING POSTERS SHOULD DUE DILIGENT BUYING OR SELLING.
ALL POSTING SHOULD BE CONSIDERED FOR INFORMATION ONLY. WE DO NOT RECOMMEND ANYONE BUY OR SELL ANY SECURITIES POSTED HEREWITHIN.
ANY trade entered into risks the possibility of losing the funds invested.
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