Lawrie Williams: What happens to gold if the Comex collapses?
Submitted by cpowell on 02:42AM ET Tuesday, December 3, 2019. Section: Daily Dispatches 9:43p ET Monday, December 2, 2019
Dear Friend of GATA and Gold:
Sharps Pixley market analyst Lawrie Williams today explores the analysis of Fraser Murrell about the potential collapse of the gold futures market if physical demand overwhelms paper supply.
Of course in such circumstances the gold price would explode, since, as Williams acknowledges, "the huge volume of paper gold traded on the Comex ... certainly acts as a price control mechanism on the physical metal" -- which is just what the Comex was created to do in 1974:
CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. CPowell@GATA.org
KL keeps coming back strong like Bull. With Trump saying China is not responding well and relations talks are off till 2020 KL will keep going up. Great job Bulls Go Long and Strong ! by timetravelerdos thank you good info :-))
Egon von Greyerz: Get Ready For Gold Hitting $4000 By Christmas 2019? 571 views•Dec 3, 2019
Economic Predictions 2019 27.1K subscribers Contact advertising: Would you like to place ads on my youtube channel? Email: akira10k@financialanalysis.tv
bigone thank you, I still hope 2019 will be the year of the big breakout for gold?
“In each of the last three years, gold has gotten off to a strong start only to fizzle as the year moved along. Will 2019 be the year gold finally breaks the pattern? A good many investors, fund managers and analysts think that 2019 might very well be the year when gold breaks the restraints and pushes to higher ground. One of those is Carter Worth of Cornerstone Macro in New York who CNBC’s Melissa Lee refers to as “the chart master.” In a recent interview with Lee, Worth referred to a rendition of the long-term chart below saying that there is “a well-defined set-up and a lot of tension.” He says that combination is going to resolve to the upside – “a breakout to all-time highs.” With respect to gold’s relationship to the dollar, Worth says “Gold’s got its own momentum now. . .It is all setting-up for higher gold prices and trouble for equities, trouble for the economy.”
Chart showing gold price convergence indicating possible move to upside
Repost from 6-5-2019 (!)
bigone thank you, ex. David Hunter: I’m Still Bullish on Precious Metals & My Gold Target is $1800 3,206 views•Nov 28, 2019 Palisade Radio 12.5K subscribers
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David feels that he is one of the more bullish analysts on the street for gold. Gold reached $1560 this year and is nearly finished a consolidation phase. A further rally could happen soon, and he has raised his targets for gold to $1800 and $26 for silver. We will continue into uncharted territory with the Fed’s expanding balance sheet. This additional money is a net positive for the markets, and this melt-up could continue into next year.
Rising stocks continue to produce slingshot pattern. Generally stock has rebounded with support at the 0.236 bottom line of the Fibonacci fan. This means that the stock's correction decline is over and time to rise again. :-))
Investment Industry Hall of Fame 2019 Inductee - Eric Sprott Eric Sprott explains what investors are getting wrong about Kirkland's all-stock Detour Gold deal - 'The more I reflect on Detour, I think we’re ‘stealing value’ — value that the market’s not seeing - Sprott told the Financial Post - GABRIEL FRIEDMAN Updated: November 25, 2019
ex...note... KL just got them self a fully profiting mine and mill with 15 million ounces reserve.for how much.... nothing!lol they just print a bunch of shares - KL still have about I billion in the bank - when gold goes up to ex. 2000$/oz people will look at this deal as the deal of the century - trees have been shaken and weak hands have sold there shares for lost - the smart hands just bought the shares - kl will be stronger than ever producing almost doubles next year! what will be the price of that gold in short time - KL shares are at a bargain at this price now - Good Time to Buy KL up people -
The more volatility & st shorting manipulations the higher KL will FLY -^- It will be interesting to watch the SP over the next few weeks. :-))
Investment Industry Hall of Fame 2019 Inductee - Eric Sprott Eric Sprott explains what investors are getting wrong about Kirkland's all-stock Detour Gold deal 'The more I reflect on Detour, I think we’re ‘stealing value’ — value that the market’s not seeing,' Sprott told the Financial Post GABRIEL FRIEDMAN Updated: November 25, 2019
A Detour Gold mine in Cochrane, Ont. HANDOUT/TIMMINS DAILY PRESS FILES
Toronto-based Kirkland Lake Gold Ltd. on Monday announced a multibillion dollar acquisition of Detour Gold Corp., a deal that would elevate it into a major gold miner and could attract new institutional investors.
The combination marries two near opposites: Kirkland Lake operates two high grade underground mines at some of the lowest cash costs in the sector, whereas Detour operates a single, low grade bulk tonnage open pit mine at comparatively higher costs.
KL has a strong balance sheet and is well positioned for increased growth. The recent dip after acquisition is more emotional IMO. Once things settle out, I expect KL to continue to grow strongly.
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