GOLD TUMBLES $120, SILVER PLUNGES 15%: Michael Oliver – This Is The Kind Of Selloff You Are Going To Get All The Way Up To $5,000-$10,000 Gold August 11, 2020
GOLD TUMBLES $120, SILVER PLUNGES 15%: Michael Oliver This Is The Kind Of Selloff You Are Going To Get All The Way Up To $5,000-$10,000 Gold
On the heels of gold tumbling over $120 and silver plunging 15%, Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, spoke with King World News about the massive takedown and said this is the kind of selloff you are going to get all the way up to $5,000-$10,000 gold.
Latecomers Shaken Out
August 11 (King World News) – Michael Oliver: “This is a mini version of the March selloff. The latecomers who were chasing at the recent high have now been shaken out.”
Not How Bear Markets Start Eric King: “And Michael, this is not how bear markets start. They don’t ring a bell at the top. This is the kind of action you see in a major bull market. In a bear market, it’s ‘death by a thousand cuts’ before you even know you are bleeding.”
Expect Violent Trading All The Way Up Michael Oliver: “Yes. Even the initial rally that failed in 2016 peaked in the summer. It took that market 2 1/2 months of writhing around before it even rolled over. This is the kind of break you are going to get all the way up, whether gold is going to $5,000 or $10,000 in this macro multi-asset crisis. You’re going to get $100 selloffs. You’re probably going to get $200 days on the way up, and pullbacks en route, partly because the market will get more volatile and be at much higher price levels. So expect it.
Also consider that the gold ever-bears have long complained that gold isn’t able to make new highs above those of 2011. Gold has freshly done so, and they’re still entrenched bearish. At numerous spots over the past two years they have repeatedly screamed ‘top!’ ‘Can’t go any further!’ Oh well. But as far as this being a major top? No. Don’t bet on it. This is an opportunity.” To subscribe to Michael Oliver’s remarkable MSA annual research, which is 35-50 reports each month on gold, silver, mining stocks, currencies, commodities and debt, at the KWN special discounted rate click here.
***To listen to the powerful audio interview where Alasdair Macleod discusses the possible collapse of the LBMA, trapped bullion bank gold shorts and much more click here or on the image below.
Macleod – A Big Correction In Gold & Silver Will Not Happen, Despite Pullback ***ALSO JUST RELEASED: EXCLUSIVE: Alasdair Macleod – Why A Big Correction In Gold & Silver Will Not Happen And Despite Pullback, A Spectacular Short Squeeze Will Unfold Because Of This Game-Changing Market Shock CLICK HERE.
Warren Buffett’s new investment strategy!! Big moves ahead!! GPL is positioned well for growth as metals prices soar to new highs!! ————————————————- Warren Buffett’s group pares back holdings in Wells Fargo, JPMorgan, PNC and Goldman Sachs
August 14, 2020 10:43 pm by Eric Platt and Robert Armstrong in New York Warren Buffett’s Berkshire Hathaway significantly cut its stakes in some of the largest US banks in the second quarter, selling billions of dollars worth of stock in Wells Fargo, JPMorgan Chase and other financial institutions.
Berkshire Hathaway disclosed on Friday it had sold 85.6m shares of Wells Fargo in the quarter, reducing its stake from 7.9 per cent to 5.8 per cent of the lender, according to a filing with US securities regulators. Berkshire also sold 35.5m shares of JPMorgan, lowering its stake to 0.7 per cent from 1.9 per cent, and a substantial minority of its longtime holding PNC Financial.
Mr Buffett sold the last of his financial crisis-era investment in Goldman Sachs in the quarter, which was worth just under $300m at the end of March. He cut Berkshire’s stakes in M & T Bank, Bank of New York Mellon, US Bancorp, Mastercard and Visa as well. In total, including both financial and non-financial stocks, Berkshire dumped $12.8bn worth of shares in the quarter.
Through Berkshire, Mr Buffett is one of the single-biggest shareholders in US banks and his decision to pare back his exposure will be parsed by investors globally, especially given the timing.
The Great Panther Turnaround Story - Great silver & gold story -
Kirkland Lake Gold Announces Strategic Alliance With Newmont Canada For Exploration Opportunities Around Holt Complex And Newmont's Timmins Properties KL | 2 hours ago TORONTO, Aug. 17, 2020 (GLOBE NEWSWIRE) --
Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL)(ASX:KLA) today announced that the Company and its wholly- owned indirectly held subsidiary St Andrew Goldfields Ltd. have entered into a strategic alliance agreement (the “Agreement”) with Newmont Canada FN Holdings ULC (“Newmont”) with respect to exploration and development opportunities around the Company’s Holt Complex and Newmont’s properties in Timmins, Ontario.
Under terms of the Agreement, Newmont will pay Kirkland Lake Gold US$75 million to acquire an option (the “Option”) on certain mining and mineral rights related to the Company’s Holt Mine property. The Agreement also includes a commitment by the two companies to work together to identify additional regional exploration opportunities around their respective land positions in the region where they may be able to cooperate in the future to advance projects and create value for both companies. Under terms of the Agreement, the Option may be terminated by the Company upon the assumption of certain liabilities related to the Holt Mine property. Kirkland Lake Gold will act as manager of Strategic Alliance activities. Ownership of all infrastructure on the Holt Mine property, including the Holt Mill, is retained by Kirkland Lake Gold, and the Option does not involve the other Holt Complex assets, including the Holloway and Taylor mines.
About Kirkland Lake Gold Ltd.
Kirkland Lake Gold Ltd. is a growing gold producer operating in Canada and Australia that produced 974,615 ounces in 2019. The production profile of the Company is anchored by three high-quality operations, including the Macassa Mine and Detour Lake Mine, both located in Northern Ontario, and the Fosterville Mine located in the state of Victoria, Australia. Kirkland Lake Gold's solid base of quality assets is complemented by district scale exploration potential, supported by a strong financial position with extensive management expertise.
For further information on Kirkland Lake Gold and to receive news releases by email, visit the website at
Cautionary Note Regarding Forward-Looking Information
This News Release includes certain "forward-looking statements". All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to the ability to increase exploration in the region pursuant to the Agreement, planned exploration programs, costs and expenditures, potential opportunities for growth and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management. These forward-looking statements include, but are not limited to, statements with respect to future exploration potential, project economics, timing and scope of future exploration, anticipated costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements.
There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, among others, risks related to international operations, risks related to obtaining the permits required to carry out planned exploration or development work, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of gold, as well as those factors discussed in the section entitled "Risk Factors" in the Company’s Annual Information Form, financial statements and related MD&A for the periods ended December 31, 2019 and June 30, 2020 and other disclosures of "Risk Factors" by the Company and its predecessors, which are filed with the securities regulatory authorities in certain provinces in Canada and available on SEDAR. Although the Company has attempted to identify key factors that could cause actual results to differ materially, there may be other factors that cause unanticipated and unintended results. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Globe says Moneta Porcupine Mines called "undervalued" 2020-06-05 07:56 ET - ex.... In the News The Globe and Mail reports in its Friday, June 5, edition that Industrial Alliance Securities analyst George Topping says Moneta Porcupine Mines (14.5 cents) is "undervalued."
The Globe's David Leeder writes in the Eye On Equities column that Mr. Topping notes Moneta's "desirable location in an existing camp with many underutilized mills and record gold prices."
Accordingly, Mr. Topping began coverage of the gold exploration company, which owns six projects in the Timmins mining camp, with a "buy" rating.
Mr. Topping set a share target of 35 cents.
Analysts on average target the shares at 40 cents.
Mr. Topping further notes that "insiders and major shareholders have added 2.7 million shares through the public market, which to us is a bullish signal."
Eric Sprott, a "renowned" gold investor, recently increased his interest in Moneta and now holds 9 per cent of its shares.
Mr. Topping says in a note: "As the resource grows and/or is upgraded via infill, Moneta will undergo a multiple expansion. We await the PEA on the project before we assign our own metrics to a potential mining plan.
However, we see a scenario where the company could secure toll treatment, or preferably, buy a nearby mill."
2020 Canjex Publishing Ltd. All rights reserved. by JON72
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