Kirkland Lake Gold (KL)

[NYBob]

Gold pushed solidly over the $1335 mark in early New York trading after
a strong showing overseas. It is now trading at $1337 – up $10.00 on
the day. Silver is level on the day thus far. The trade talks between
the U.S. and China scheduled to begin this week are providing impetus
to gold as hopes rise that the two might settle their differences and
pump new life into the commodities market.
Also helping gold is a growing recognition in financial markets that
neither political party is all that interested in addressing head-on
the rapidly escalating national debt.

With gold now pushing past the $1335 mark, precious metals’ analyst John
Rubino says that “from a technical standpoint, piercing $1,350
resistance should trigger a big, fast move to the next resistance level
somewhere in the high $1,400s.”
Crossing that $1350 barrier was problematic for gold in 2014, 2016 and
2018.
Economic circumstances, though, have changed in 2019 –
the Fed’s stated dovish intentions being the chief difference.
We might soon find out whether or not that change is enough to propel
gold over its $1350 nemesis.


Beijing has joined the global gold rush, increasing its gold reserves
for two months - China hoards gold to end USD dominance
121,055 views
RT America
Published on Feb 12, 2019

Beijing has joined the global gold rush, increasing its gold reserves
for two months in a row to more than 59.94 million ounces.
Meanwhile, US State Secretary Mike Pompeo urged companies to limit
their business with Huawei.
RT America’s Sara Montes de Oca reports.

https://www.youtube.com/watch?v=LPVj2qzRR9A


Hemke's analysis is headlined
"The Next Goals for Gold and Silver Prices" and it's posted at
Sprott Money here:

https://www.sprottmoney.com/Blog/the-next-goals-for-gold-and-silver-prices-craig-hemke.html

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[e-mail]


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Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -

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