Newmont Goldcorp Corp (NGT)

[Caradoc]

Implications of the Morgan Chase trial:

https://www.savegold.com/story.html

With yesterday's news that the Louisana trial of Morgan Chase (et alia) for conspiring to repress the price of gold is now going into the discovery phase, it's worth a look at the sort of data that plaintiffs have accumulated even without the legal right to demand documents. For background information including involvement of the Saudi royal family, the CIA, and well known western political and economic figures, check out the links available above.

As the trial makes public this sort of information (plus whatever else gets confirmed/discovered), more and more people will become aware that the current price of gold is artificially low. It shouldn't take more than a dozen wealthy individuals deciding to take advantage of these low prices to release the volleyball from the bottom of the swimming pool.

Regarding the theory that Saudis have made cheap oil available in exchange for under-the-table ounces of yellow metal, keep in mind that the father of King Fahad, the five fat brothers and the lean half-brother Crown Prince Abdullah was known to sleep with the treasury of his new nation in a chest under his bed. Most non-royals in the kingdom share a fatalistic outlook shown by how often you hear these two common sayings:
(1) "Sand will blow through the streets of Riyahd."
(2) "My father rode a camel. I drive a Mercedes. My son will ride a camel."

Against that background, it's understandable that the royals are motivated to accumulate real wealth so that their descendants can continue to live well after they lose power or -- in the best case -- after the oil is gone. If in the meanwhile that means cheap oil in terms of US dollars per barrel, so be it. From the viewpoint of the US government, if providing the under-the-table inducement is made easier by allowing the price of gold to be suppressed, so be it.

The time will come when Saudi royals will be motivated to have their accumulated wealth recognized at its true value per ounce. In theory, that time could be as distant as the economic exhaustion of the Saudi oilfields. But it could come quicker if/when the Saud family loses power. And it could come even quicker if/when either of two things happens:
(1) POG rises to the point that the ounces needed for the agreed upon under-the-table inducement costs the US government more than it lowers the price of oil. Or...
(2) Public outrage demands that the under-the-table inducement program come to an end.

These two eventualities are interrelated in that public awareness of what has been going on (needed for [2] above)will also prompt buying demand for gold, raising POG enough to trigger (1) above. Finally, the likelihood and timing of either or both of these eventualities may well be driven by what the now-active trial in Louisana makes public.

"There ain't no rush like a gold rush."

Caradoc