I was starting to think that gold’s price action is not so well expressed by the two pitchforks that I have been watching since January 2016.
Right now, gold price has dived out of the small blue pitchfork after failing at its centre line. Note that gold previously broke out of the top of this fork during its brief period over $1310, which now looks like something similar to a kind of island topping formation.
Price is headed towards the bottom line of the big black fork at $1120. Below that, the bullish trading of the past year is over. However a washout to this $1120 line would need to see a strong bounce back towards the highs to keep this bullish fork in play. The price never actually reached the top of this fork on the previous rally.
Something that interests me as I look at it today is that the collapse in prices from $1280 started right at the point where the median lines of the two forks meet. I mentioned this point some weeks ago as perhaps an important juncture to watch out for and now it is crystal clear that is the site of a big bearish move. Is it going to turn out to be the site of the end of this bull market?
It is also instructive to compare the gold moves on Brexit and Trump. the bullish Brexit move took off from the centre line of the black fork (coincidence?) in late June 2016.
The Trump move in November 2016 had a fake-out move up from the centre lines of both forks! That was followed by the recent huge reversal to the downside.
Maybe these forks are still in play. If so, then $1120 is crucial and it looks almost inevitable as a target now. Perhaps the only thing that mitigates against $1120 as a target is the fact that gold did not reach the top of the black fork on the 2016 rally, so $1120 is not such a clear target from an action-reaction line perspective.
Action-reaction lines in the chart below around the black pitchfork median line would give action line $1377, median line $1277 and reaction (target) around $1177, where gold is now (approximately).
Fascinatingly, Brexit was the action and Trump was the reaction.
Actually, I have not really drawn the reaction line quite in the right place, but drew it only for illustrative purposes. The reaction would go to $1177 if it took the same length of time with respect to when the price crossed the median line. However, a faster reaction as we seem to be having could take the price to around $1150.
I posted this at Rambus and am pasting this to the tent for those interested:
I thought this was a good time to review some principles and market dynamics and to give what amounts to a Bull market pep talk
First off you should know I am not and have never been a gold bug perma-bull. I was one of the early bears in the last bear market and stayed bearish all the way through to the end, unwaveringly. I actually stayed bearish 3 weeks too long, but saw the light by the first week in February. (thank you Spock for the polite nudge).
I do believe we are in a bull market which started in December 2015 for gold and January 2016 for the stocks. I have written on why I believe this correction of the first leg up has turned so brutal, its likely because the first leg up is early in the 8-year gold cycle so the wind is still in our face. It should swing around and be at our backs by Feb 2017. So until then we likely will simply chop or could even, worse case, go down enough to double bottom….ouch.
But, I suppose it started early because its going to be so strong that it just couldn’t wait, but once it got going it got too far ahead of the cycle.
I continue to recommend one hold his core position through all of this because no one really knows, and as I like to say “you got to be in it to win it.
So things have become somewhat discouraging for us bulls and our convictions have been shaken. So its time to examine the difference between conviction and overconfidence time to reexamine our basic premise. First let’s review the quote our new guy, Wazcam reminded us of since it describes right where we are in this early stage bull market.
*In the first stage of a bull market, stocks begin to find a bottom and quietly firm up. When the market starts to rise, there is widespread disbelief that a bull market has begun. After the first leg peaks and starts to head back down, the bears come out proclaiming that the bear market is not over. It is at this stage that careful analysis is warranted to determine if the decline is a secondary movement (a correction of the first leg up). If it is a secondary move, then the low forms above the previous low, a quiet period will ensue as the market firms and then an advance will begin. When the previous peak is surpassed, the beginning of the second leg and a primary bull will be confirmed.*
So here is the pep talk:
Let’s play a game, a mental exercise of sorts. Let’s say we are appointing you as the country’s financial czar. You’ve been granted the powers currently embodied by not only the FED Governor and board, but also that of the Sec of Treasury and the Congress. The POTUS has your back and will rubber stamp whatever you want to do. You have full authority in shaping policy. You can’t perform miracles of course but you can design policy which will determine the eventual course in the economy. So here is your task:
Design an economic policy that will lay the foundation and later continue to fuel the biggest bull market in gold and gold stocks in history. We all know that economic policy takes years to have its effect and to work its way through the economy due to the lag effect.. Recall, back in 1980 when Ronald Reagan became President his policies took 2-3 years before they had any positive effect on the economy. Once the initial post election Reagan Rally exhausted itself a vicious bear market settled in lasting 18 months and didn’t bottom until Aug 1982. Since markets discount the economy by about 10 months it took another year before the positive effects were visibly evident. So that was about a 3 year lag.
OK, so what would be some of the policies you would come up with to kick start a bull market in gold somewhere down the road?
1. First and foremost you would create a massive money printing program. One that even Rudolf E. Havenstein (ReichsBank President 1908-1923) would be proud of. It would have several phases with the last one nicknamed something like “QE to infinity”- Check
2. You would make the bond market so ridiculously over valued as a result of purchases by a broke government (QE) that once it rolls over it would precipitously decline for years to come- Check.
3. Before the bond market finally peaks you would introduce a policy of negative real interest rates, just to make sure the public takes all of their money out of the bank looking for somewhere else to put their cash.-Check.
4. Once that is done, you declare a war on that cash. Anyone who goes into a bank asking for it you treat him like a criminal and report him to the IRS via suspicious reporting forms.- Check.
5. With this done, you now engage in psychological warfare against the average saver who after fleeing the banks hides his currency in his home while serendipitously realizing he can stay below the radar by withdrawing using ATMs. Your first act is to have the Indian government declare certain small denomination bills no longer legal tender under the “if it can happen there it can happen here principle”– Check.
6. You would artificially depress the gold price through a paper contract scheme for years so as to dry up actual mine output due to uneconomic conditions so that when the bull market finally does come supply would be curtailed for years, thus insuring years of limited supply thus powering the trend to the upside-Check
7. Along these lines you would pick up the phone and use your pen (Obama) to sick the EPA onto any prospective new project and kill their permits and stop their development cold, thus limiting supply for years into the future. Can you say Northern Dynasty…Check.
8. After completing this policy mix you kick back and browse through the latest OMB circular where you find that the first cold reality the new President Trump will run into is the fact that 83% of the governments budget is set by law thus limiting his options. You also see that the governments debt ceiling is reached in March 2017. The governments budget baseline projects 35 Trillion of debt by the year 2025 and that’s assuming there is no recession between now and then. We are currently 94 months w/o a recession where the longest in history is 118 months and the average is 60 months. A recession of course will blow out the budget. You reflect on the fact that Reagan found it difficult and when he started the government hadn’t even crossed the $1 Trillion debt level yet. I am behind Mr Trump and wish him good luck….he will need it.
So that in theory is what you would do to lay the foundation for a rip roaring bull market in gold in the future years to come….Oh, I see you have been very busy already as you have already done all of that!
So keep the faith knights. The bull market has begun, but the 8 year cycle needs to finish its turn and put the wind at our back. Patience please. Use these next few months to build out your portfolio for the long term. You don’t need to watch the scoreboard all the time. Its ok to see your stuff under water as that’s what shakeouts do. Everyone suffers drawdowns from time to time. This could very well be the aberrant “gentleman’s entry” Don’t get discouraged and don’t forget to be right-sit tight.
Side note: For those who want it straight-up, my point here is that you couldn’t design a more focused policy to insure the long term outlook for a bull market in gold than what the FED has already done. It’s just that these things take time to play out.
Said differently Ben Bernanke IS Rudy Havenstein. Our current era is a monetary fractal of the 1914-1945 timeframe.
Barrick Gold….World’s Largest Gold Miner.
Some say its Flawed…over hedged…poorly managed…whatever
I would never buy it BUT Somebody DOES
This stock looked to be going to zero at the end of 2015.
It lead the PM Complex Down . Went from $52 to $6 in 4 years.
The industry leader ! Incredible almost 90% Loss…worse than most Juniors !
It broke thru the 2008 crash bottom like it wasn’t even there. One of the worst crashes I have seen…ever ..in any industry. A true Horror Story .
BUT a Funny thing happened on the way to Zero.
A Rip Roaring 300% Move in 9 months. Note the Bottom in Oct 2015…3 months before most PM Miners of all ilks Bottomed in January 2016…Barrick IS THE LEADER…like it or NOT !
This Giant of the Gold Mining Industry trades like a penny Stock !
So Who buys it …No one here on this board would touch it with a 10 foot pole.
Institutions that’s who.
So where are we Now ?
Well for one we are just starting into the strongest seasonal period BY FAR in the Miners…but that’s a secondary metric.
BUT what about the Chartology ?
We have all been analysing GDX and GDXJ and HUI and all the PM Indices..and many here are still seeing Bearish Patterns…expecting more downplay here.
Personally I look at the HUI and I see a very Ominous Looking H and S Pattern projecting a fall back to where we came from. Classic !
ABX is in all the Major PM Indices..its a large Component so one would expect it to look similar to this HUi Chart
But a closer Look under the Hood reveals a different story from the Leader of the pack.
Lets look at the Daily LOG chart to see what is transpiring in ABX.
Observations
1..After the 9 month epic 300% run ABX finally corrected for what seemed like a LONG time for the Standing Bulls
2..But really it has (so far) bottomed after just 2 months !
3…Bottomed where >?At exactly a 50% retrace …that’s where
4…Bottomed also at the TOP of the first impulse move into March which as it turned out was half way to the top
5…Bottomed with a false Breakout below its own Head and Shoulders neckline
6…Bottomed after a Gap down and now has held above a recent Gap UP ( Island Bottom)
7…Now has been in a stealth 5 week uptrend which has taken it thru the 2 month Downtrend
8…After loosing the 50 dma and the 200 dma it is now comfortably above both..without triggering the death cross.
9…note the 2 blacklines forming the triangle..The price dropped below the apex and then climbed back above it .Rambus calls this an around the Apex move…usually very bullish.
10….Now at some obvious resistance at $19
What could be next ?
Zoom In…. Maybe something like this…a small down move to create another Inverse H and S
Then UP to new Higher Highs
Now Zoom Back out to the weekly and what potential do we see ? an Inverse Head and Shoulders in the Making.
The Japanese YEN and Gold often move in tandem. Something to do with the YEN carry trade I read, although the intricacies of the YEN/Gold dance are lost to me. No matter. $YEN is sitting on the uptrend line from January 2016, as is Gold. Is $YEN building out an ascending triangle?
Here is the GOLD chart – yesterday’s close only so far. The dotted charcoal coloured uptrend line is the focus of attention just now. So far so good. We watch and wait…
Based on my cycle analysis, we are on day 20 and 23 respectively for Gold and GDX of Trading Cycle 1 of a new 5-6 month Intermediate Cycle. We usually see Trading Cycle lows (some call them Daily Cycles) within a timing band of 23-29 days on average.
Since the start of the January 2016 uptrend, however, most TC Lows have been very mild with some only testing rather than breaking my Trading Cycle uptrend lines. As a hedge for my Core Positions (Spocks Rocks plus some of my own), I have a small position in JDST as of yesterday.
As a long term investor in the gold sector I thought I’d share my personal experience thus far of what it’s like to buy and hold on the way down. I’ll share my purchases on just one of my positions: Yamana Gold. No, I’m not a high roller like some of you guys. But I’m doing this mainly with cash I can afford to lose.
This is a stock I first bought in January of 2014 at $9.00 a share. At the time, I thought it was a decent price because it was down from about $20.00 a share in 2012. As you know, Yamana went on to trade below $1.40 a share in January 2016. Brutal to say the least. But from the first purchase at $9.00, I was buying the whole way down, and reinvesting the dividends, so that in the end I am averaged in at $3.23 per share and currently up 39.99% and $768.40 on the position. This whole time I haven’t sold a single share of any gold stocks. I am holding out for a big pay day a few years down the road.
SKI Gold latest public update. Important part in bold. Note the possibility of a melt-up to some sort of top. Melt-up would describe what is happening today especially in the silver miners.
Last week’s execution (on 4/12/16) of the 16-20 index sell signal marked the next resistance. A rise above that level has historically yielded a “melt-up rise” into a major top. That’s what happened at the 1979, 1983, May 2002, and May 2006 bull market tops. Such a “melt-up” does not “have to” be a permanent end to a multi-year rise, as per the May 2002 top that “only” yielded at 6-month decline. After all, the very long-term USERX 221 index remains on its buy signal (and will take a year to sell at a profit) and the HUI’s 221 index only executed its synchronous 221 index buy signal just before last week’s strong rise (executing on 4/06/16 at 181.05). Since there isn’t any “certainty” in predicting human behavior, I’d note that the 16-20 index’s sell signal “could have” marked an exact important high. I’ve probably “pissed off” some subscribers by disclosing all of this information, but I’m refraining from discussing the 442 and 663 indices’ very long-term information. Please be “prudent” in what should be a highly volatile environment for the gold stocks as SKI remains on its “special/unique” bull market buy signal(s) from late January 2016.
-> Posted by Fullgoldcrown @ 1:18 am on June 8, 2015 Comments Off on Cash Cow
Posted at the Chartology Forum by Spock (aka David Vincent)
Enegra
The Business Model
Revenues are derived at the front end from selling coal covered call options through the CME (Chicago Mercantile Exchange) and Europe ICE, where the seller has an obligation to deliver. The buyer pays a premium to the company as the seller. This is the front end revenue, which starts in August. Back end revenues are derived from the physical delivery of product, from late 2016 onwards. The seller (company) owns the coal, via off-take contracts, but not the mines. Therefore, mining risk is zero.
Competition: Nil
This is a new paradigm for SE Asia, by using electronic online clearing exchanges as an energy marketing channel. Aggregation of the SE Asian coal export market to follow. The company will be the market maker and price setter, for Indonesian and regional coal producers in the future, an export market of 300 million tons annually. Within 3 to 5 years can be the world’s largest coal trader.
Tranche 1 completed
The company is completing a modest capital subscription to fund the start of its trading in August. Last month, Tranche 1 for $A 1 million was subscribed for and was closed. Funds were received and the shares allotted to the subscribers. Five of the subscribers to date are Rambus members, including Sirs Fully and Spock.
Tranche 2 this month
The company is now working on the final Tranche 2 for $A500K ($US 400K), and its already 70% committed, so looking to close it in the next week or so. They have set the minimum subscription block size for Tranche 2 at $A50K ($US40K) blocks. However, Rambus members can participate for half, that is $A25K ($US 20K) blocks.
The Numbers
1. Subscription $A25, 000 ($US 20,000)
2. 74,250,000 shares or 0.17% equity in the company
3. 2Yr Forecast Dividends on block: January 2016 – 70% or $US14K; January 2017 – 170% or $US34K
Diversification
This is a diversification outside the public trading markets, where good private equity investments like this, can pay handsome cash dividends, because the business model will deliver strong and consistent revenues and positive cash flow. The company has no debt. Doubt whether traders can deliver this sort of cash returns (240% gross) in these public trading markets, over the next two years, with no price volatility, and no sleepless nights. Sounds TGTBT, but it’s not.
Size Matters
Last week the company logistics chain insurers, Lloyd’s Group of London, the world’s most respected insurance underwriter, agreed to increase coverage to $12 billion of energy trades per year. Current coal under off-take contracts = 1.8 billion tons at 60 million tons per year over 30 years. Company has engaged with a large world class mine to secure an additional 4 billion tons of coal under off-take contract. This would take the total coal under off-take contract to 5.8 billion tons, subject to completion of agreements. To put all this into context, the company can be the largest global coal trader within 3 to 5 years. And it owns no mines.
Due Diligence
For those who wish to have a closer look, here is a link to the company website and my bio (David Vincent): http://www.enegra.com/managementteam.php
Six subscribers for $US20K each and the book is closed. Let me know if interested, and I can forward more details.
Some opportunities, like this, only come along once
………………….
Fully’s Comment
I have thoroughly examined this opportunity and have easily decided the risk reward
is extremely favorable for me .
David has decided to leave out the TGTBT part
The Dividend in the third year…payable January 2018 is truly astonishing .
Have a look at David’s Bio .
We have at our round table a truly exceptionally experienced man .
By All means do your own due diligence…but do it Now.
If you want to know what I am excited about email me
-> Posted by Kewl2 @ 9:51 am on January 19, 2024 Comments Off on Irish Medical Council removes language banning ‘deliberate killing’ of patients in new guidelines
Another line informing physicians that the care they provide would ‘usually’ be given with the intention ‘to prolong a patient’s life’ was also erased.
In the ninth edition of its “Guide to Professional Conduct and Ethics for Registered Medical Practitioners,” the Irish Medical Council, which oversees more than 20,000 doctors nationwide, removed a provision under the document’s “End of Life” section stating that physicians may “not participate in the deliberate killing of a patient.”
The language banning the “deliberate killing” of patients under the care of Irish doctors had been in the manual since the seventh edition in 2009 and was also included in the eighth edition released in 2016, Catholic News Agency (CNA) noted.
This is incredible….from the incredible super sleuth Jeff Childers
……………..
On Friday morning, the Deep State ripped part of its curtain open in a stunning, unprecedented limited hangout. It’s hard to overestimate how profoundly significant this story is already, and it could be even bigger than that.
Evidently the Biden Administration lost something even more dangerous than its temporarily-lost F-35 high-tech fighter jet. (FYI, no pictures of the alleged F-35 crash site in West Virginia have ever been released. So.)
An unredacted copy of the complete Crossfire Hurricane file is missing, and the deep state is starting to freak out.
It started Friday morning when CNN broke a massive, hastily-written, long-form story headlined, “The mystery of the missing binder: How a collection of raw Russian intelligence disappeared under Trump. https://tinyurl.com/yske7ts5
Somehow blaming Trump, CNN’s jumbled, nearly-incomprehensible story quoted twelve (!) anonymous informants essentially describing an invisible war and a massive search happening for two years behind the scenes in Washington. It’s an international manhunt chasing a missing, completely-unredacted copy of an ultra-top-secret — so top-secret its radioactive — Crossfire Hurricane investigation file. What’s in it?
Something about Russia, that’s all they’re saying for now.
In case you’ve somehow forgotten, Operation Crossfire Hurricane was the FBI’s code name for its massive Foreign Intelligence Surveillance Act shadow project to illegally wiretap the Trump Campaign. It started with Hillary Clinton’s fake “dossier” of evidence supposedly showing that Trump was a sold-out Russian agent (among even more lurid claims obviously designed for leaking to salivating media), and featured bizarre deep state characters like Peter Strzok, his love-bunny Lisa Page, their “insurance policy” in case of a Trump election, and all that kind of stuff. You remember.
In the final hours of his Presidency, Trump issued an executive order de-classifying the entire Crossfire Hurricane file, but panicked DOJ officials delayed carrying Trump’s order out, until Biden was sworn in and promptly re-classified the materials. Between the lines, over the last two years Trump and Biden have been engaged in a long, slow-motion legal battle over whether Trump’s declassification “stuck” or not.
CNN’s story described how there were lots of copies of the Crossfire Hurricane file flying around:
The day before leaving office, Trump issued an order declassifying most of the binder’s contents, setting off a flurry of activity in the final 48 hours of his presidency. Multiple copies of the redacted binder were created inside the White House, with plans to distribute them across Washington to Republicans in Congress and right-wing journalists.
But copies initially sent out (by Trump’s team) were frantically retrieved at the direction of White House (DOJ) lawyers demanding additional redactions.
Trump wanted the American people to see it all, and even forwarded copies to various friendly journalists, in what sounds like a massive, invisible intelligence battle in Washington D.C.:
Trump’s White House had planned to distribute the declassified documents around Washington, including to Trump-allied conservative journalist John Solomon. But Trump’s order did not lead to its release – and earlier this year Solomon sued the Justice Department and National Archives for access to the documents.
His court filings provide colorful details of the last-minute scramble.
Solomon claims that on the night of January 19, Mark Meadows invited him to the White House to review several hundred pages of the declassified binder. One of Solomon’s staffers was even allowed to leave the White House with the declassified records in a paper bag.
The documents were returned uncopied the next morning, on January 20, by a Secret Service agent, in a Whole Foods grocery bag.
CNN’s article included lots of helpful infographics that made everything clear as mud.
According to CNN, while Trump was sending binders out, the DOJ and Secret Service were racing around Washington scooping up Trump’s binders from the various journalists, claiming that more redactions were needed before anyone could see it. Then DOJ lawyers slow-walked those alleged redactions until after Biden’s inauguration, and ran out the clock. Nobody got any copies. And now the DOJ considers the binder to be re-classified.
Buried at the very bottom of CNN’s twenty-page article was Trump’s position, which is that it’s all still declassified:
“We gave them those declassified documents — I want to stress they were declassified documents — to do a final redaction for some of that personal information, with the instruction that they were to go ahead and disseminate those,” Mark Meadows said. “We expected fully that they would do that, at the most a few days — but here we are a few years later.”
As lurid as those details are, there’s a bigger problem: One of the ultra-top-secret binders is still missing. And it’s one of the unredacted ones. The FBI has been desperately searching for it for two years now. Apparently, they’re getting increasingly desperately, and so now they’ve taken the historically unprecedented step of going public. CNN article — obviously a security state intentional leak — was kind of like putting out an APB on the missing binder:
In the two-plus years since Trump left office, the missing intelligence does not appear to have been found. Its disappearance, which has not been previously reported, was so concerning that intelligence officials briefed Senate Intelligence Committee leaders last year about the missing materials and the government’s efforts to retrieve them, the sources said.
An unredacted version of the binder containing the classified raw intelligence went missing amid the chaotic final hours of the Trump White House. The missing binder was last seen at the White House during Trump’s final days in office.
This story sheds a lot of light on events over the last two years, like the unprecedented raid on Trump’s house. But the FBI couldn’t find the binder when they searched Mar-a-Lago, which probably made Merrick Garland’s head explode. It seems pretty clear this binder was the real reason for the historically-unprecedented raid on a former President’s personal residence. CNN, presumably informed by its twelve anonymous informants, observed:
The binder was not among the classified items found in last year’s search of Trump’s Mar-a-Lago resort.
That must have been very disappointing.
Everyone is super-curious about what the missing binder contains and how politically-damaging it must be to the Biden Administration. CNN only said the binder’s ultra-top-secret classified information on Operation Crossfire Hurricane relates to 2016 election interference, which CNN says was done by the wily Russians. How CNN knows this, without knowing the binder’s contents, is anybody’s guess. But the information is incredibly “sensitive”:
The intelligence was so sensitive that lawmakers and congressional aides with top secret security clearances were only able to review the material at CIA headquarters in Langley. The binder is 10 inches thick and contains reams of information about the FBI’s “Crossfire Hurricane” investigation into the 2016 Trump campaign and Russia. But the raw intelligence on Russia was among its most sensitive classified materials.
Why would the deep-state leak this lost-file story right now? Again, CNN claimed having over a dozen anonymous sources who spoke to its reporters about the “ultra-top-secret” classified information:
More than a dozen sources familiar with the matter requested anonymity to discuss the sensitive issue.
Twelve is a lot of sources. And all anonymous. And all suddenly offering to talk about a binder that has been missing for two years now. Not one of the twelve came forward before now. So … why now? Salon’s article said “intelligence officials” are suddenly, after two years, “concerned” that our “most tightly-guarded national security secrets will be exposed:”
The only clue CNN offered as to why now was a singular mention of the fact that Trump’s lawyers are now requesting the very same documents in discovery in one of Trump’s lawsuits. Isn’t that an interesting coincidence?
Trump’s lawyers are now seeking access to the classified intelligence from the 2016 election assessment as they prepare for his defense against charges stemming from efforts to overturn the 2020 election.
Weird. Also, CNN didn’t mention this, but Trump’s attorneys also filed two required notices that they intend to use top-secret materials in his election-interference case. Might these materials be the very same “election interference” documents from the little lost Crossfire Hurricane binder?
It seems to me that, if the Biden Administration doesn’t know for sure whether Trump has the binder or not, then they also don’t know whether they can cheat in discovery and produce a fake binder instead. If Trump can prove they destroyed or faked evidence, it would be very bad for the government. So … they’ll first try to fight producing the file about election inteference but — because they don’t know what Trump has — they might have to turn over the real thing if the Court orders them to.
And that means … what? What was Trump trying to tell us when he declassified the binder in the first place? What is the Biden Administration so terrified will leak out that they’re doing … all of this super-gross banana republic stuff? Breaking through red line after red line?
The government is coming apart at the seams trying to keep this information buried.
I wasn’t the only one who noted how discombobulated CNN’s article was. Later in the afternoon on Friday, the New York Times reported on CNN’s story and described its details as “murky”:
Among other murky details, it is not known how many copies were made at the White House or how the government knows one set is missing.
Other murky details. Those aren’t the only details murky about this story.
I’m writing this late on Friday afternoon. More news may have broken over the weekend to clarify things or add context, so forgive me if anything’s out of date. But from where I’m sitting, no matter what happens, this is massive news. Twelve anonymous witnesses don’t just pop out of a box, all on the same day, and all leak ultra-top-secret information, even if it was just the binder’s subject matter and the fact it was missing. This is a heavily coordinated deep state narrative-crafting play, and it smacks of panic, or maybe some kind of desperate limited-hangout.
I call it desperate because, while it might prime democrats to blame Trump for “stealing secret information,” it exposes parts of the real story despite their efforts to craft a complicated narrative around some pretty simple facts. For instance, journalist Matt Taibbi quickly called out the deep-state’s switcheroo
So … just when you thought things could not possibly get weirder — they just got weirder. Strap in, here we go
Today, I came across a pretty good post on Twitter about the state of the real world. I thought I should share it.
I was going to call this “So you want to know what is going on?” but many posters here are well across much of this subject matter already.
Those who read the Q posts know there was a post where they wrote 20% public and 80% hidden.
I reckon I’m probably up close to about 18%. I guess I’m about 90% across the 20%. Which means I know pretty much sweet FA!
The world has been in an undeclared war for around seven years. The enemy is already within our borders and has been for a long time.
The levels of evil have been truly shocking and make you feel sick. This is the war that is being fought. The majority of the population, even now, have no idea.
These scum wanted their NWO, authoritarian world government; we would have all been progressively locked into 15-minute cities and genocided till we were eliminated.
All of us are casualties of this war. It has created divisiveness in families, friends, colleagues and within countries. We have been jabbed with experimental drugs, which are killing people now in large numbers.
Those who saw through the agenda and refused the death shots were attacked by these evil bastards using the media and governments, isolated, ostracised and humiliated. But they held firm, and I have a special soft spot in my heart for those who saw it through.
I’ve been jabbed twice. Asta zeneca – I didn’t want it and held out as long as possible. I don’t know how much damage has been done. Maybe I got lucky and had a saline one.
We are very close to the end, and luckily, the white hats have won. When it’s over, the world will have changed completely.
When this war started [2016], I came across deeply disturbing information. Others shared information, which was just as bad. I didn’t want to believe it. Surely, things were not this bad. But they were and have been.
I already knew from following the global warming scam that they had been dodging the figures for decades. GFC1 hit, and it was obvious that it wasn’t an accident. Slowly, the true picture started to emerge.
Today, I came across a good summary of world events past, present and future. I urge everybody to read through it. Think, look at the world. Look at what happens, not what you are told.
This week has been a real cracker. The eventual emergence of Mike Johnson as the speaker is extremely important. Big supporter of Trump. Justice Thomas has now accepted a case to review the 2020 and 2022 elections. Anybody who saw how Joe Biden treated Justice Thomas when he had his confirmation hearing in the 1990s knows that karma can be a bitch.
[Dont forget that Justice Thomas wife said publicly that the 2020 ballots were specially marked to prove legitimacy]. Trump, as CIC, has it all.
Some of you may know this, others will know a part, and this may all be new for others.
Status Of The Republic: Liberation & Justice
When you are in bankruptcy as a corporate entity you do not have any contract rights.
• Buckingham Palace
• The Vatican
• Washington DC
• City of London
• State of Israel
All these corporate bodies filed for Chapter 11 bankruptcy. The Act of England 1871 was repealed. The Secondary Judiciary Act 1869 is no longer active. The International Emergency Economic Powers Act (IEEPA). The IEEPA gives the President the power to impose economic sanctions on foreign countries and individuals in response to a national emergency.
EO (13818)
EO (13848)
EO (13959)
These executive orders allowed the US to seize the assets of corporate entities and persons. For human rights abuse and election interference.
Stocks
Shares
Trade
Bank Account
Business
Home
Investment Company Etc.
All assets. Did you know Evergreen Inc. is a CIA owned company? Who uses that for human trafficking? Hillary Clinton. Guess what is contracted with Evergreen?
? The Vatican
? The US
? City Of Rome
? UN Corp
? The Holy See
? UK Inc (This Is Key)
All subcontracted. Each step of subcontracting process, the accountability of each subcontractor diminishes relative to the actual contract. And what have you got? You have Evergreen Inc. owned and operated by Evergreen, LLC, which is owned and operated by Evergreen, PLC. 4500 employees, no obligation to file flight plans (Hint-Hint) and you have a totally unaccountable self-interested for profit corporation abusing the powers of “government”.
All of this as a result of the EOs are null/void. –
Do you remember when Jan Halper confirmed that tons of gold were removed from the Vatican? –
Do you remember when the 1871 Corp Act was dissolved on May 4 2020? –
Do you remember then months after that the New Republic with the original Constitution was invoked on July 4, 2020 when D. Trump visited Mount Rushmore? –
Do you remember the Balfour Declaration?
Palestine was under UK rule on 2 November 1917 when foreign minister Arthur Balfour wrote to Lord Rothschild, a leader of the British Jewish community. Palestinians made up 90 per cent of the population in 1917. They blame the declaration for encouraging Zionists and ultimately handing their land to the Jewish homeland – the future lsrael- by 1947.
Remember the state of Israel was created by Khazarians. As result of the EOs they Israel became bankrupt. And what happens as a result? War. Which is going on between Israel & Palestine correct? For what? Land acquisition. Why? Because the Khazarians were kicked out of Ukraine by V. Putin. The assets of ex-president of Ukraine, Petro Poroshenk were frozen. It cut off a lifeline of drug, arms and human trafficking money essential to the survival of the Washington.
Do you see how this connects to the current conflict? The Khazarian Mafia Money Laundering base is in Ukraine. The last country that they the Khazarian Mafia has is Israel. Remember who established Israel? The Rothschilds. Donald Trump is the first leader to have broken that control and removed them from power in the USA by taking control of the FED.
This is why the attacks on him are so vicious and relentless, and they come from all sides. Political, Media, Military, Sports, etc.
Since the USA was always the Rothschild’s strongest territory – to control the rest of the world, with its powerful army, these global criminals have pulled out all the stops to overturn a duly elected president. They have activated and unleashed all their assets to achieve this.
Remember the Q-Drop “All Assets Deployed”?
D. Trump is the only world leader who has defeated the Rothshilds by hijacking their central bank in the USA. This happened quietly during March 2020, and without any media coverage, because the media is owned by the same Rothschild banking empire. The Fed-Reserve is now under the US Treasury. Which is why the printing press no longer pump out endless fiat USD. Which was used to suppress the Middle East through the petro dollar. Iraq by January 1st 2024 will no longer use the USD in everyday commerce unless you are a traveler who needs it for international flights.
I told you all the 1st domino has not fallen yet publicly. A month ago Mike Johnson (Now Soth) stated that Article 1 Sec 2 of the US Constitution that the sole power of Impeachment belongs to the Republican House Of Representatives. And Article 2 SEC. 4 states “The President Shall Be Removed From Office. On impeachment for and conviction of the following.
• Treason
• Bribery
• Money Laundering
• Misdemeanor Or other high crimes.
Americans now know from investigations launched by the House Committee that through domestic and international business dealings ran a illegally that the J. Biden administration is now liable for “Crimes Against Humanity”.
Do you all see how they were setting the scene for the general public? Who have no clue of the DOD Law of War Manual or the COG/JAG. Or even the Brunson Case. Because as I said the other day everything that is happening publicly is a result of what already happened privately. Do you all find it peculiar that after Clarence Thomas accepted the 11th Circuit Emergency Writ for the 2020/2022 Election Fraud Case 24 hrs before the new SOTH was chosen? Timing.
We are in a transition period away from the 1871 Corp Act. Removing Joe Biden is basically removing the US from Khazarian/Rothschild control of our country. The DOD-(Department of Defense) has already established a presidential transitional order that became effective on February 3rd 2023. People seem to have forgotten about the GGMF-(Global Gold Mutual Fund) who are creating a gold standard for the Philippines with invitations for other countries to come on board by January the 20th, 2024. Who is supposed to have an international currency backed by gold by January 1st? Iraq.
Who are the BRICS waiting for to reinstate their currency on the Forex Market? Iraq. America has billions in IQD. Which once the IQD rate is released on the international trade markets will liquidate countries around the world who will overnight have trillions worth of IQD once it is converted into their domestic national currency. Which will help build their new republic. For those who have been asking why the IQD is so important. This will Usher in “The Golden Age” for next century and beyond. Which is why last week Kevin McCarthy mentioned for the 1st time publicly that we are under COG.
The Military was founded first in our Nation. This means they are over every branch of government including the president.
The United States Supreme Court, first time in History, clarified this in the Military Justice Act of 2016.
Though it didn’t pass until they went under COG in the 2017 National Defense Authorization Act.
The Military Justice Act clarifies 3 things:
1. Military Law supersedes Civilian.
2. President and Commander-in-Chief are separate.
3. Article II of the Constitution, Commander-in-Chief, is separate from Article III, Federal Government.
Our Founders established a Military 1st, the Army, Navy, and Marines long before Declaration of Independence, Articles of Confederation, Constitution, and the Bill of Rights.
We have been in a “Peaceful Transition Of Power” since 2020. This is what Donald Trump meant when he stated that he put the government on pause. All of this is under transition now with gold no longer being suppressed and over 200 countries dumping the USD. We are now ready for the initiation of “The New Republic”. Do you remember when The razor-wire-lined fence that had drawn a circle around the Capitol, Supreme Court and federal office buildings? This was the US Military deeming it foreign occupied territory sense it was under the District of Columbia.
That Municipal Government is a plenary oligarchy run by the members of Congress and it conveniently fails to say which Congress.
There are four (4) Congresses possible.
1st. There’s the Continental Congress which is a Congress of our States attended by State Deputies.
2nd. There’s the Congress of the Federal Republic, which is supposed to be operated by our long- defunct Confederation of States of States.
3rd. There’s the U.S.Congress, composed of “REPRESENTATIVES” from the FOREIGN-BORN Territorial State of State organizations that have been illegally and immorally commandeering our actual American Government since the 1860’s.
4th. There’s the Municipal US CONGRESS, composed of franchise operators of the Municipal United States the aforementioned Municipal Plenary Oligarchy.
Since the Municipality of Washington, DC, is an “independent, international city state” squatting on our shores, and its government is a “plenary oligarchy” run by the members of some unidentified “Congress” we were left with a gang of international criminals operating pirate base on our East Coast. This is coming to an end.
Because what is coming up on October 31st? The expiration of the State of Israel. Remember if the Rothschilds control both the Federal Reserve & Israel and both are bankrupt where does that leave US Congressional Members who have dual citizenship? Powerless. Do you think the new SOTH knows this? Absolutely. Why do you think he announced that he is putting a bill together for Israel instead of a budget? I told you the difference between two yesterday.
The new government program will not be for the current status of Israeli government. The parliament has already resigned.
What’s next?
• Stock Market Crash
• Joe Biden Impeachment
• Gold Standard Return
• Iraq IQD Exchange Rate
• The New Republic
• Liberation & Justice
Mike Johnson & Donald Trump are basically the same person. Remember when D. Trump stated last month that we can take our country back before the primaries? 25+ States already have bills prepared to return to the gold standard. We have nothing to worry about. Because everything is officially in writing.
You heard it from Kevin McCarthy.
You heard it from Mike Johnson.
You heard if from Jan Halper
You heard it from Donald Trump
You heard it from the military.
What more confirmation do you need?
Do you know how many banks are closing due to the fact that they are not Basel 3 Compliant? These are the only banks where people have difficulty accessing their funds. Thanks to the Dodd Frank Act it basically made it legal for banks to confiscate your money without any explanation as to why your money is missing hundreds to thousands of dollars. Which is why it is important to ask certain questions before you open any new account with any bank.
In late January, US Sen. Ron Johnson (R-Wis.) sent a letter to Federal Aviation Administration (FAA) Acting Administrator Billy Nolen and Office of Aerospace Medicine Federal Air Surgeon Susan Northrup shedding light on a concerning trend of individuals in the aviation industry who experienced medical events after receiving a Covid-19 vaccine.
“What steps has FAA taken or will FAA take to investigate whether Cody Flint, Hayley Lopez, Greg Pierson, Bob Snow, Wil Wolfe, and other pilots experienced COVID-19 vaccine adverse events?” Johnson asked.
The senator wrote, “Based on data from the Defense Medical Epidemiology Database, the whistleblower reported that the total number of diseases and injuries in pilots across DoD was 265 in 2016; 252 in 2017; 164 in 2018; 223 in 2019; 2,194 in 2020; 2,861 in 2021; and 4,059 in 2022. These increases in disease and injuries in pilots across the DoD over the last three years, and particularly over the last year, raise questions as to whether FAA has seen similar increases in disease and injuries in individuals in the aviation industry.”
…it is not entirely clear why Godwin Emefiele has been removed from his post and detained by Nigeria’s secret police, but there are a whole slew of possible reasons…
Something rather out of the ordinary occurred in Nigeria, Africa’s most populous nation and largest economy, this past weekend: the (now former) Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, was suspended from office by the country’s newly elected President Bola Tinubuand. Hours later, Emefiele — who had been at the helm of the CBN for nine years, during which time the Nigerian currency lost 65% of its value and inflation almost tripled — was taken into custody by Nigeria’s secret police, the State Security Service (SSS).
Those “economic crimes of national security dimension” presumably now include waging an all-out war on cash, with dire consequences for Nigeria’s already embattled economy. Between January and February, the CBN withdraw all high-denomination notes from circulation and failed to replace them with the newly designed notes it had promised, triggering a cash crunch. The central bank also placed stringent limits on the daily cash withdrawals of anyone who could access cash. As with India’s brush with demonetisation in 2016, the result was unmitigated chaos and economic pain — in a country where 63% of the population was already poor and 33% unemployed.
Yesterday I presented a chart for $COFFEE and such doesn’t go without $SUGAR. Here 20 year weekly chart for $SUGAR which I have extended into 2035.
Like COFFEE, observe a RED BULL FLAG for SUGAR. Like $GOLD … SUGAR topped in 2011 and created a 10-year BULL FLAG from which SUGAR BO during 2021 and has been back-testing (BT) the LARGE RED BULL FLAG via a SMALL BLUE BULL FLAG on top from which it BO (break-out) January-2023 and coincidence nicely with the VERTICAL FIBONACCI lines.
Last week (or two) SUGAR did BT the little BLUE HOR.SUPP. line taken from 2016-TOP; you have to look closely. This BT is equal with former weekend presented HOR.SUPP on $CRB. Therefore SUGAR-BULLS want to see this BLUE line HOLD @ 0.24 with W-EMA(30) @ 0.23 as for margin. Interestingly the little charted cycles meets the cycles on other commodities and this CYCLE-LOW comes during the month of July. Therefore as for charted CYCLES, next (intermediate) TOP comes July-2025 and where the LARGE CYCLE LOW could also become a TOP (2027) as the TWO LARGE CYCLES become part of ONE. If so there is reason to believe that NEXT VERT.FIB around August-2034 might become NEXT MAJOR TOP. Such in itself seems even plausible once and if the USD as a currency becomes obsolete as any other FIAT; meaning USD become worthless while SUGAR revaluates higher and higher for worthless USD; not now instantly but within 10 years’ time.
As for indicators: 4 horsemen (TSI, MACD) seems to be more ahead when compared to COFFEE. Charted RSI (see thumbnail) is interesting as it shows a BT and therefore confirms potential SUPPORT.
We can’t have two tiers of justice: one for Trump, another for Biden. One for Assange, another for Manning. One for BLM/Antifa, another for peaceful protesters on Jan 6.
I never thought we’d see the day when the U.S. President deputizes the DOJ to arrest his lead rival in the middle of an election. Obama shamefully tried to deputize the FBI to infiltrate Trump’s 2016 campaign, but they’re leaving nothing to chance this time around: the federal police state is outright arresting Trump.
This is an affront to every citizen: we cannot devolve into a banana republic where the party in power uses police force to arrest its political opponents. It’s hypocritical for the DOJ to selectively prosecute Trump but not Biden.
There are also serious legal questions about the President’s power to declassify documents and the potential illegality of the over-classification of federal documents in the first place. That’s for the courts to decide, but *we the people* decide who governs this nation.
It would be much easier for me to win this election if Trump weren’t in the race, but I stand for principles over politics. I commit to pardon Trump promptly on January 20, 2025 and to restore the rule of law in our country.
-> Posted by Fullgoldcrown @ 9:45 am on May 16, 2023 Comments Off on THE DURHAM REPORT
It’s easy to be jaded and think nothing will come of it BUT Jeff Childers has a different opinion
………….
In the most remarkable news of the year, the Washington Examiner ran a story yesterday headlined, “Durham Report: FBI and DOJ Had No Proper Basis to Launch Trump-Russia Investigation.”
At long last, and well before the 2024 presidential campaign gets going, so nobody can accuse him of manipulating the politics, special counsel John Durham issued his final report on the Russia Collusion hoax yesterday. It clocks in at novel length, 306 pages.
Here’s the unsurprising, but official, conclusion:
“Based on the evidence gathered in the multiple exhaustive and costly investigations of these matters, neither U.S. law enforcement nor the Intelligence Community appears to have possessed any actual evidence of collusion in their holdings at the commencement of the Crossfire Hurricane investigation.”
They never had any evidence, and they never found any evidence, either.
Mr. Durham’s report described how, from the summer of 2016, the FBI was already completely aware that the Clinton campaign planned “to vilify Donald Trump by stirring up a scandal claiming interference by the Russian security services.” They did nothing about it, except wait for their chance to leap in and help out, once Team Clinton delivered their 100% false dossier.
The report also described how the FBI handled similar Clinton-related controversies completely differently:
“The speed and manner in which the FBI opened and investigated Crossfire Hurricane during the presidential election season based on raw, unanalyzed, and uncorroborated intelligence also reflected a noticeable departure from how it approached prior matters involving possible attempted foreign election interference plans aimed at the Clinton campaign.”
“Unlike the FBI’s opening of a full investigation of unknown members of the Trump campaign based on raw, uncorroborated information, in this separate matter involving a purported Clinton campaign plan, the FBI never opened any type of inquiry, issued any taskings, employed any analytical personnel, or produced any analytical products in connection with the information. This lack of action was despite the fact that the significance of the Clinton plan intelligence was such as to have prompted the Director of the CIA to brief the President, Vice President, Attorney General, Director of the FBI, and other senior government officials about its content within days of its receipt.”
Disappointingly, Durham did not issue any new criminal charges. It’s possible Durham might have been a smidge discouraged after the first three individuals Durham charged were found ‘not guilty’ by DC juries.
The report is only beginning to take off. Republican House investigators are already on it:
And the FBI, which by all accounts looks predictably terrible in Durham’s report, promptly issued a statement yesterday saying, don’t worry, they already fixed all the problems, you can totally trust them:
Whew, I’m glad that’s been handled, and now we don’t have to worry about the FBI.
There are hot takes all over the place expressing every possible opinion, but there were signs that even the left realizes the Durham report will be a problem. Yesterday, CNN anchor Jake Tapper surprisingly called Durham’s report “devastating” to the FBI and even grudgingly admitted it exonerates Trump, albeit “to a degree.”
Representative Matt Gaetz hilariously called the FBI a “disinformation agency,” and vowed the report is “an insufficient consequence:”
On Fox yesterday, the Federalist’s CEO Sean Davis even called the FBI “a domestic terror organization” that “perpetrated a hoax directed at conning and gaslighting the American people.” He explained, “I have a hard time looking at this [Durham report] and coming to any other conclusion than that the FBI has to be defunded, because this wasn’t one or two rogue agents. This happened from the very top.”
So far, with most of us not yet having read the dense, 300+ page government document, the ultimate significance of the report’s conclusions aren’t immediately visible.
But one thing is certain: a politically-weaponized FBI helped Hilary Clinton interfere with the 2020 election, directly or indirectly.
And we all know — from January 6th — how bad interfering with an election is. It’s an insurrection. It’s seditious. And what we know of the Durham report so far is 100 times worse than January 6th, maybe 1,000 times worse.
There are lots of good federal investigations and prosecutions happening that nobody ever hears about. For instance, an opposing lawyer in one of my most difficult cases was recently arrested and charged for child porn trafficking — including very young children (under 5). The arrest was handled very skillfully, because the lawyer headed his firm’s child exploitation group and could’ve argued that the materials on his computer were just work product. They had to catch him in the act.
FBI agents did catch him in the act, with perfect timing, and it was a great job. Those honest, capable law enforcement agents should be valued and rewarded. But the politicized FBI is a gigantic problem, and it raises legitimate questions about whether the FBI should be broken up and reassigned back to the States.
Many frustrated and repeatedly-disappointed folks will predict “nothing is going to happen,” which is what the left and its corporate media would certainly prefer. But it’s way too soon to conclude anything like that. The significance of the Durham report is that it provides an official government determination of whatever everyone has known for years, but couldn’t “prove.”
The key is, the “proving” part is now over. The left can no longer rely on the old “no evidence” gag. My guess is the report is going to grow a LOT of legs, like a political centipede, and it will run in all kinds of surprising directions. For just one example, we can start untangling the web of democrat lies over the last four years, where they’ve claimed that any questions about the legitimacy of the election were “conspiracy theories” or “disinformation.”
It turns out THEY were the conspiracy theorists and the disinformers.
We will patiently wait for a strong conservative legislative response, as the proper next step in the “correct” process of addressing these problems. And I will continue to report as this critically-important story develops. But I promise you this: if the Republicans don’t take up the flag and run with it, then we will do it ourselves. You can take that to the bank.
This is from an email too long to post it all…from a Site called “Stop World Control”
From the very first day Trump announced his presidential run in 2016, all hell broke lose. One assault after the other was unleashed to sabotage him, all media assets were activated to slander him, every criminal method was deployed to make sure he would fail.
When Trump became president – to the unspeakable terror of the cabal and Deep State – they continued their unrelenting assaults, with false accusations galore. After the Russian collusion hoax, they tried impeaching him twice, and failed both times. On January 6th 2020 they set a trap to falsely accuse him of inciting an insurrection, with an attempt to arrest him. They failed again, as security footage shows the thing was staged by the FBI.
After nine years of ongoing attacks on Trump, they are attempting once again to arrest him. Documents leaked that show the plan to arrest Trump on Tuesday of next week. On Truth Social, Trump posted:
Why do they so desperately want to get rid of Trump?
?? Trump exposed the deep corruption of the US government
?? Trump exposed the deep corruption of the Big Media
?? Trump exposed the deep corruption of Big Tech
?? Trump exposed the deep corruption of Big Pharma
?? Trump exposed the deep corruption of the FBI
?? Trump exposed the deep corruption of the World Health Organization
?? Trump exposed the deep corruption of the voting system
?? Trump exposed the deep corruption of taxes
?? Trump exposed child trafficking
?? Trump exposed the criminal plandemic
?? Trump exposed the transgender movement
?? Trump exposed the agenda for a one world government
And a whole lot more…
In short: Trump revealed to America and the world what kind of evil is going on, and he calls constantly for the people to rise and resist.
By opening the eyes of humanity for all the above – and much more – Trump has caused the greatest awakening in human history, with an unprecedented worldwide activation of hundreds of millions of people who are standing up against the plan plan to enslave humanity.
Thanks to his efforts the republicans are powerfully taking on the Biden crime family, Big Tech, the FBI and CIA, FDA, CDC, and other governmental agencies. Investigations are ongoing to expose their crimes against humanity.
Trump has announced that he will reform taxes, and restore America to be a nation run by people, instead of Washington DC which is an office of the British Elites from the City of London.
If the Manhattans District Attorney’s Office follows suit with their plan to arrest Trump, this will once again expose a fundamental crime in our society: the corrupt judicial system. It will be another massive victory for Trump and humanity.
We however don’t know if they will proceed with their scheme, as it is being exposed beforehand, and already causing a nationwide outrage. Even at the DA’s office, chaos has erupted:
Since the TOP of the 2008 Stock Market (and before its’ crash), the EURO once valued @ 160 since then has lost 38% (60 cents) of its value. Clearly, the EU and its’ politicians including Nations’ Politics are citizens’ enemies as purchasing power lost 38%. The EURO has been in a BLUE RECTANGLE (between 125 – 105) during 2016 and 2021; a period of consolidation. I tend to see a HALFWAY PATTERN from the TOP @ 160) where the BLUE RECTANGLE is HALFWAY POINT. The measured move DOWN is the decline of 35.5% from 2018-HIGH where the INTERMEDIATE TARGET LOW is expected to be between 86 and 80 while the EURO still battling the 1.00-LINE; now back-testing from below.
(Click chart to enlarge)
Honestly, I expect it to MOVE FAST and according to the CHARTED CYCLES we could see the EURO @ 86-80 (approx.) by April/May-2023 +/- 1-3 months (slightly difficult to see as this presented chart is a Monthly chart).
Clearly, the decline is in a HURRY and the direction is South. Soon (potentially October/January timeframe) it will surrender the 1.00-line battle and DOWN she goes. A measured TARGET @ 81 is a MASSIVE DECLINE by another 20% for a currency. Such means another HEFTY HAIRCUT for EU citizens of approx. 20%. It is expected that ALL HOUSEHOLD costs and groceries will at least make a JUMP HIGHER in prices. MASSIVE INFLATIONARY. And Honestly . . . it is just getting started. Watch the 1.00-line!
CHARTED CYCLES with the GREEN VERTICAL FIBONACCI LINES indicates:
The END of the EURO in 2027 (possibly September 2027) and therefore the END of the EU. See DASHED RED ARROWS for the scenario potentially unfolding
In general, the EURO (currency) declines in 3 measured WAVES of each 35.5% targeting the END of EU/EUR. Interestingly it matches my USD chart as for TIME FRAME where USD goes Balistic towards 380 (into 2027) while now 110. see: https://goldtadise.com/?p=557134
So 2027 is the year where many things potentially seem to unfold. Maybe we do not have to wait until 2032, and, 2028 will be the year where we start anew!
-> Posted by Chartsmaster @ 8:45 am on October 17, 2022 Comments Off on The Next Three Years
We are all familiar with the saying that “while history doesn’t necessarily repeat, but it often rhymes”. When considering that, combined with a number of commentators and gold analysts, who point out that gold usually lags between six months and a year between when inflation accelerates and gold begins to reflect it. If we use the ten year period of 2002 to 2011(which wasn’t necessarily a high inflation decade compared to others) gold had a huge run with the largest percentage gains coming especially in the last three years. Those last three years resulted in almost a triple in the price of gold. Silver in those last three years, rose between 6-7 times. When 2022 ends, we will be entering the last three years of a ten year period where gold began this bull period starting in January of 2016. Another important comparison is that in the seventh year of that run, 2008, gold and silver had significant corrections, before beginning the final, explosive, 3 year leg higher. Being the seventh year of this bull run, 2022 has also been a significant correction year for gold and silver prices. Will it rhyme with that last ten year bull run from 2002 to 2011, and produce the same large gains in the final three years, OR will the gains be much greater, given the highest inflation in over 40 years? What do you think?
I’LL BE POSTING OUR NEW POSTER’S COMMENTS AND INSIGHTS FROM ” A GREAT BRITON” HANDLE .
Below is a copy of our Email exchange for context
…………….
1…Hi Gary,
I was a Rambus member a few years ago and still admire his work – though I was emotionally unable to take advantage of his style.
I am writing to you as I went on Goldtent for the first time in years and I was so pleased to see you have all seen the Covid insanity for what it is.
You have seen that what was unleashed on us 2 years ago was some from of mass indoctrination/hypnosis. Also, you are spreading the real science that has been suppressed.
In the UK there has been a turn. I think the truly ‘awake’ are still in the minority, maybe 10% of the population. But the majority now know that something is profoundly wrong and they are pushing back. They just don’t understand the extent of it yet…..but they will.
GB News has been pivotal in this.
I suspect like myself, you, Plunger and many of the knights see that the Covid tyranny is the beginning of something.
In the coming years I believe there will be many deliberately manufactured crisis to impose further tyranny. One of which will be a massive financial collapse. This may only be a few years away.
I just wanted to let you know that in the UK there are signs that many of us will not go down without a fight.
And while it may get much worse in the coming decade, we are not alone and more and more of us believe that one day we will win.
Merry Christmas,
XYZ
…………………………..
2..Hi there XYZ Good to hear from you .
Yes Goldtent has been hijacked by a raving lunatic anti covid freedom fighter
🙂
Glad to see you found us and are of like mind.
There is a post this morning from the Telegraph showing that 70% of covid “hospitalizations”
are really not because of covid but incidental findings
I have a subscription to the Telegraph actually because I have noticed they are Main Stream but have recently started telling the truth
Are there other outlets in GB that are also telling the truth ?
I sense the Telegraph is a Conservative Paper but very anti Boris.
What can you tell us of the UK media situation ?
I have been sensing an awakening over there. 100 Conservatives voted against recent covid restrictions.
If you would like to post at the tent I would be happy to accommodate
regards
Gary ( aka Fully)
…………………………
3..Hi Fully,
Great to hear back from you and glad you are keeping an eye on us in the UK!
Please forgive the long email.
Thank you for your kind offer of posting at the tent. Unfortunately I can’t as I need to be careful. I was involved in politics and once worked with Boris Johnson. . I have also written a little for several publications .
However I would be very glad if you felt it was worthwhile to post some of my thoughts as an anonymous source you can describe as you see fit. No problem if not!
It’s good the Telegraph is showing signs of life. Boris used to write for the Telegraph and they loved him, so the fact that they are now attacking him is important. A couple of Telegraph writers I know told me their readers were overwhelmingly furious over the vaccine passports and govt dishonesty going back to the summer. So the anger has clearly grown.
The BBC, SKY, Times, Mail, Sun, telegraph, Guardian etc in the UK are simply establishment propaganda when it comes to covid. I used to know some of the people in Downing Street who control the media here. It’s far worse even than Tony Blair’s era. The total capture of institutions in general is similar here to the USA. It takes a brave person to dissent.
But the fear narrative is starting to weaken as the stats are so obvious. And a few honest journalists are so outraged by the lies they have gone rogue. In the Telegraph you have seen Alison Pearson & Sherele Jacobs for example.
I think when Boris talked of a ‘conversation about mandatory vaccination’ in November it woke people up. Many said this is the kind of things the Austrians and Germans may do, but not us.
So the govt seemed genuinely to backtrack. Instead they doubled down on the separation narrative between Vaxed and Unvaxed. The MSM are really ramping it up and the hate they are trying to stoke is criminal. But my sense is that most people are not taken in here.
When Andrew Neil (leading MSM commentator) wrote a landmark hate article against the unvaccinated in the Mail, it seemed to back fire and even the comments section underneath was full of people saying how disgusting the article was.
Indeed the comment sections on social media and legacy media in the UK seem to show the majority are now against against lockdowns and vaccine coercion. Very different from summer 2020. Many also know about Ivermectin and other Covid treatments that were suppressed. They are getting angrier, many now show a real understanding of the great reset too. Even on the left more are turning against lockdowns & mandates.
The 100 MP revolt in parliament was unsurprising given the build up. Back bench MPs have been ignored in favour of a handful of unelected insiders since the general election. There is real resentment, so hopefully more rebellions to come. Some MPs think the party may even split in the next few years.
There was also a by-election in Shropshire last week where the Conservatives lost a 20,000 vote majority in a seat they held for 200 years! They lost it to the Liberal Democrats who are the only party opposing vaccine passports.
Among friends and family there is a sense that enough is enough with ‘Omicron’. And so many vaccinated people have caught it they are reluctant to take more boosters. That is why the govt are pushing the booster campaign so hard, and spreading disinformation with claims that 90% of Covid cases are in the unvaccinated, when it is nearer 50/50.
There are indeed several websites and activists who are spreading the word in the UK. The best is the The Daily Sceptic:
And of course GBNews which has more viewers than SKY. Last week for the first time on national TV Dr Robert Malone was interviewed by Neil Oliver and said don’t take the vaccine (starts at around 32 mins)
Sites like the Conservativewoman have been brilliant throughout:
Of course many are still brainwashed. Mostly among the middle class (this is the equivalent to the upper middle class in the USA). So basically the nearer you are to the govt, establishment and related institutions, the more you have to uphold the covid narrative. Last week a friend of mine who works in a London consultancy told me that one of his associates came into the office with Bell’s Palsy after his booster shot. Yet he and everyone pretended it had nothing to do with the vaccine.
But they are getting less and sadly more will learn the hard way, and we are increasing in numbers. It really is a war of attrition. Millions of private conversations where people like us try to awaken those who have been taken in by the fear and lies.
So it is going to be a long hard road. But there is real hope. And what better time to embrace hope than now?
Wishing you a merry Christmas.
Allbest,
AGB
PS. If you have any time I would welcome your thoughts on the situation in the USA.
……………..
4.. This is brilliant
A real live Insider . Thanks so much for this
I would love to post these 2 emails under an alias and of course no mention of your name.
Thinking of a Good “Handle”…. A Great Briton …or some such…maybe thats a little off…suggestions ?
I would like to leave your resume ( regarding Boris Johnson ) in the post …only if you feel it would not give you away.
I would run the post by you in draft form for your approval first
This is hugely important information and I am very excited to hear of the groundswell in the UK .
Your Input would be a wonderful insight into what is going on there. I have suspected You all are waking up .
I am a Canadian . 72 year old Dentist in rural Ontario . Here there are 90% “sheeple” but even here there is a slow awakening
We have had mandated indoor masks for 18 months and revolving lockdowns and now a passport needed for restaurants gyms theatres and sporting events
None of which affects me personally. Ontario is on fire with Omicron…I went on a rant today
Canadians are “good citizens…very polite and don’t like to make waves…but it is shocking to me how many really are terrified and want more restrictions.
I am VERY tuned in to the USA however and I can assure you they are Waking Up en mass Down there. There are literally 2 countries now
It’s the Divided States Of America …The Red ( Republican Controlled States ) 30 of them have no more restrictions and more and more are standing up for Individual Rights …lead by Ron Desantis in Florida…he is Incredible and also Governor Abbot in Texas .
The Blue ( Democrat States) are imploding economically an people are leaving in droves…especially from the Democrat Controlled Cities..like SF LA NY Chicago and others.
The country is completely divided …The democrats went way way too far left ( Progressive ) and Biden’s Poll numbers are the worst by far of any President one year in.
The 22 Mid term elections look to be a massive red wave . He is already effectively a lame duck.
The biggest story now is the Cases before the Supreme Court…to be heard in early January .
Regarding Vaccine mandates for all workers in companies 100 employees or more as well as All Federal Contractors and Federal employed health care workers and now a 4th…Federal supported Child care workers and KIDs
No one knows how the Court ( which supposedly has a conservative majority ) will rule.
Whichever way it goes will be huge . Lower courts have mostly stayed the mandates .
I could go on and on…but I think the point is Americans are LEADING the Way and I am so encouraged to hear Brits are not far behind !
Please let me know what you feel about my above “plan” to get your opinions and insights posted.
Thanks again
warm regards and Happy Holidays
Fullgoldcrown
……………………….
5..Thanks Fully,
I am so glad you want to post my thoughts. I really hope it helps spread the word and lets people know that our numbers are growing.
Any handle you want would be fine, The Great Britton is very flattering if you like it.
And yes, mentioning I used to work for BJ would be fine.
Thank you for running drafts past me first.
It would be nice to write informally as I actually haven’t written anything since this, with the nom de plume of ‘Journeyman”:
I stopped writing because having that kind of stuff in my head all day was not good for my mental health.
Just a quick political resume so you can authenticate me: I ran for parliament twice . BJ helped me a lot in both and raised a decent amount of money for me. I worked for him as an education advisor when he was Mayor of London. I left the Conservatives in 2016 because the culture (in all politics) that was toxic from top to bottom, sociopathic, incompetent, insufficient values. I was totally drained after 10 years of it. I was also a Brexiteer and we were being purged.
In 2019 I joined the Brexit Party and worked for Nigel Farage when we won the EU elections in 2019:
The way that various hoaxes were spread about us was similar to the attacks on Trump – Russian money etc. Even friends would ask me how I could work for a party financed by Putin? I could only tell them that I could see every penny that that came into the bank account and the subs through PayPal, and all the stories being spread were just flat lies. It was the most honest and grass roots set up I ever saw in politics.
I now invest in property, trade, and do a bit of political consulting. My family and I live in a very nice town south of London. We seem to be surrounded by people who think as we do and we are very grateful.
Sounds like There’s work to do in Canada with the 90% ‘sheeple’ figure. Though perhaps not surprising. I saw how Trudeau behaved before the election. He looked like a maniac. Yet he still won – close though it was. He seems to be a leader in the global tyranny.
I feel lucky that in the UK we have avoided much of that for now. And great rant by the way. It is precisely that kind of info the press are starting to reporting in the UK that is helping turn the tide.
I have been trying to answer the following question for some time: Will the UK resort to its historic role as a centre of resistance against tyranny or has the national character eroded too much? Here, I would certainly put the sheeple figure at no more than 50%. But I sense many of them know something is wrong too and could be turned.
So we have had mask mandates indoors only for the last 3 weeks. But I sense they are not being policed. The vaccine passport will only apply to big venues next year. I suspect they will bring in temporary measures in January….but given the various rebellions, they may not be too bad. Wales and Scotland both have left wing governments and have much harsher restrictions.
To add detail and justification to my optimism; I look at all the popular figures in the UK who are beginning to ask questions. For example Matt Le Tissier was an England footballer. He has 500,000 followers on twitter and is now one of us.
The truthful information he spreads feeds straight into the conversations of working class people around the country. When people read his posts and they see young footballers collapsing on the pitch every weekend it begins to move people.
The French election next year will be interesting. If Macron loses it will be a game changer.
Your news about the USA has cheered me up so much. I had no idea that as many as 30 states were free! Ron de Santis is marvellous and I watch him regularly. So too Tucker Carlson. What is happening in the blue states is astonishing and so sad….again the brainwashing means they never learn.
I will watch for the pivotal Supreme Court ruling…. I wonder if it will be a case of watering the proposals down….
Either way it is fascinating to see that again the historical precedent of America leading, UK following and everyone else trailing still holds….for now.
“Tonight I would like to go over several possibilities that are presenting themselves in most of the PM stock indexes we’ve been following. The first and most important thing to understand is that the PM complex is still in a bull market until it is negated. I’ve mentioned this a million times that the job of a correction or consolidation phase is to make you doubt your conviction of why you ever got involved in the first place.
A correction can take two different forms during a bull market. A correction or consolidation phase can take time which can be a long drawn out affair which can frustrate you to know end until you finally throw up your hands in disgust and exit your positions. The other way a market can correct is through price. It can feel much worse than a time correction because the decline can be hard and fast and it can feel like the end of the world. The bottom line is that both types of corrections do the same job which is to shake you out of your positions before the next impulse move begins. It is just the nature of the game we chose to play.
Before we move on I would like to quickly go over our PM stock trades we began to accumulate on April 2nd of 2020. I don’t know how many remember the very hard shake out the PM complex had along with the stock markets into the March 23rd low? That was a classic example of a correction in price not in time. Those types of moves can be very hard from a psychological perspective to buy but we did and it worked out well for us.
The reason I’m bringing this up is because that was a very strong impulse move that lasted from March 23rd to the high in August. There was no way to know in real time, 100% for sure, that the August top was going to lead to our current correction which is now 6 months in the making. As the correction wore on I began to sell some of my PM stocks to raise some cash for future buys. Altogether I sold on 3 separate occasions until I closed out the last positions in January of this year going to 100% cash. We ended up coming within a few percentage points of doubling our $100,000 original investment in about 10 months.
I’m not telling you this to brag but how important it is to take profits when the game starts to change. Taking profits can backfire on you also when you take them too early and have to pay up to get back in.
Last week was the first time since our initial accumulation of PM stocks back on April 2nd of last year that I started to put those original profits back to work. At the end of each week and the end of each month I always show you the 2016 trading range which is the most important chart patterns these PM stock indexes have made in a very long time. I keep pointing out that the top rail of those 2016 trading ranges should offer key support but as you know nothing is 100% certain when it comes to the markets. All we can do is get the odds in our favor and have the discipline to execute the trade when the time is right.
Below is a long term weekly chart for the GDX which shows the 2016 trading range along with the impulse move out of reversal point #4. First note the breakout and backtest to the top rail of the 2016 expanding triangle which was classic Chartology. After the initial backtest was completed the GDX began to rise once again which could have been the next impulse leg higher but that wasn’t to be. From that August 2020 high the GDX began it correction which so far has been a correction in time unlike the price correction at reversal point #4.
This chart shows you the conundrum we currently find ourselves in. As you can see the price action above the top rail of the 2016 trading range has 3 distinct possibilities. The first one is the potential H&S top that broke below the neckline last week. The 2nd possibility is the blue expanding falling wedge that is still trading above the 2016 expanding triangle. The 3rd possibility is that the top rail of the 2016 expanding triangle is going to hold support as I’ve been suggesting ever since the initial breakout last year.”
Canamex signs forbearance agreement on 2016 debentures 2021-01-19 08:54 MT – News Release Mr. David Vincent reports CONVERTIBLE DEBENTURES FORBEARANCE AGREEMENT Canamex Gold Corp. has provided an update regarding the status of its secured convertible debentures issued by the company on Oct. 25, 2016, and Dec. 23, 2016, and which matured on Oct. 25, 2019, and Dec. 23, 2019, respectively. A forbearance agreement dated December 21st, 2020 has been executed by the Company and Concept Capital Management Ltd., Sinigual Sociedad S.A. and Golden Capital Consulting Ltd (“Majority Debenture Holders”). The Majority Debenture Holders have agreed to further forbear from exercising their rights and remedies under the Debentures and related security documents (collectively, the “Loan Documents”) arising from the delays by the Company in paying interest and repaying the principal of the Debentures, provided that the Outstanding Obligations under the Debentures are repaid on or before March 31st, 2021. If the Company fails to make full payment, including any agreed penalties, on or before March 31st, 2021, then the Majority Debenture Holders shall be entitled in their sole discretion to enforce their rights under the Loan Documents. Gold Forward Sale – Update On July 15th, 2020 the Company provided an update regarding the status of its Gold Forward Sale Agreement (the “Agreement”) with MetalStream Ltd (“MetalStream”), originally announced January 27, 2020 and an extension announced April 23, 2020. The Company advised that the initial first tranche payment was increased to US$5,500,000; and was delayed due to Covid-19 related banking and logistic delays, experienced by MetalStream. Despite these Covid-19 related delays, the Company and MetalStream remain fully committed to the Agreement; and the first tranche payment is expected to be completed before March 31st, 2021. The subsequent second and third tranches payable under the Agreement were also amended as follows: a) Second tranche payment of US$5,000,000 was increased to US$5,500,000. b) Third tranche payment of US$25,000,000 was reduced to US$24,000,000. The Company proposes to use the above proceeds from its Agreement with MetalStream, to settle the interest and any penalties, and repaying the principal of the Debentures, on or before March 31st, 2021. About Canamex Canamex is a public listed company registered in British Columbia, Canada, trading on the Canadian Securities Exchange (CSE: CSQ) and is engaged in pre-development of the Bruner gold and silver project in the prolific gold jurisdiction of Nye County, Nevada. The region is home to several producing and past-producing mines along the Walker Lane Trend. Canamex completed a positive Preliminary Economic Assessment (PEA) on the Bruner project in 2016. Based on additional drilling conducted on the property, the company completed an updated PEA in 2018, which increased the resources and improved the economics of the project. The PEA is based primarily on indicated resources, but also included about 10% inferred resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. Canamex is planning to move the Bruner project forward into permitting and development using the proceeds from a gold stream forward sale to MetalStream Limited. Projects that proceed to construction based solely upon a PEA have a higher degree of risk associated with them than projects that have gone through a feasibility study of mineral reserves. Canamex is not basing its decision to proceed to permitting and construction on a feasibility study. Feasibility level engineering will proceed in parallel with project permitting such that both should be completed simultaneously to allow project construction to commence after feasibility level engineering has been completed. We seek Safe Harbor.
What does that news means? ThanksCANAMEX GOLD CORP – NEWS RELEASE
Annual and Quarterly Statements – Filing Extension
Gold Forward Sale – Completion Date Extension
April 23th, 2020 – Vancouver, Canada – Canamex Gold Corp. (the “Company” or “Canamex”) (CSE: CSQ) is providing an update on the status of its quarterly and annual filings; and an update regarding the status of its gold forward sale agreement announced by the Company on January 27th, 2020.
Annual and Quarterly Filings – 45 Day Extension
The Company is providing an update on the status of the filing of its quarterly and annual financial statements, the accompanying management’s discussion and analysis, and related chief executive officer and chief financial officer certifications for the December 31/2019 year end annual filing and March 31/2020 quarterly filing.
On March 18, 2020, the Canadian Securities Administrators (CSA) announced that they will provide issuers with a 45-day filing extension for filings required on or before June 1, 2020 to allow issuers the time needed to focus on the many other business and financial reporting implications of COVID-19. The Company will rely on this exemption with respect to the December 31/2019 year end annual filing and the March 31/2020 quarterly filing; in accordance with BC Instrument 51-515, Temporary Exemption from Certain Corporate Finance Requirements.
Members of the Company’s management and other insiders are subject to a trading black-out policy that reflects the principles in section 9 of National Policy 11-207. The Company expects to file the Documents on or before the end of the available 45-day extension periods for the annual and quarterly filing due dates. Updates on material business developments since the filing of the Company’s interim financial reports has been provided in prior press releases.
Gold Forward Sale – Completion Date Extension
The Company provides an update regarding the status of the gold forward sale agreement (the “Agreement”) executed with an arms-length third-party investor, MetalStream Ltd (the “Buyer” or “MetalStream”), as previously announced by the Company on January 27th, 2020. The Agreement is for total payments to the Company of USD$ 35 Million (CAD$ 50 Million).
Under the terms of the Agreement, Canamex Resources US Inc, (the “Supplier”) being a wholly owned subsidiary of the Company, has agreed to sell to the Buyer, a gold metal stream of 50,000 ounces of gold; with the first Cash Payment of USD $5 Million to be advanced to the Company on or before April 14th, 2020 (the “Completion Date”).
The Buyer and Supplier have agreed to amend the Agreement by extending this Completion date by 90-days to July 14th, 2020; due to the current Covid -19 pandemic response by State actors; and uncertainties associated with lifting of international and domestic movement control orders and lockdown restrictions imposed by these States.
About Canamex
Canamex is a public listed company registered in British Columbia, Canada, trading on the Canadian Securities Exchange (CSE:CSQ), and is engaged in pre-development of the Bruner gold and silver project in the prolific gold jurisdiction of Nye County, Nevada. The region is home to several producing and past-producing mines along the Walker Lane Trend. Canamex completed a positive Preliminary Economic Assessment (PEA) on the Bruner project in 2016. Based on additional drilling conducted on the property, the company completed an updated PEA in 2018, which increased the resources and improved the economics of the project. Canamex is now moving the Bruner project forward into permitting and development on the strength of this positive updated PEA. Further information is available at https://www.canamexgold.com/
Greg Hahn, Vice President, and a Certified Professional Geologist (#7122) is the Qualified Person under NI43-101 responsible for preparing and reviewing the data contained in this press release.
-> Posted by Steins1 @ 20:11 pm on March 19, 2020 Comments Off on “With so much still uncertain, and market movements remaining unpredictable, it’s a losing game to try and predict where rates are heading next,”
I posted this to illustrate how unpredictable and volition everything is…….
***Mortgage rates surge to highest level since January even though the Fed just brought interest rates to 0% — here’s why***
Mortgage rates experienced the largest weekly increase since 2016Interest rates on home loans shot up higher over the past week as demand for refinances remained strong despite major fluctuations in stock and bond markets.
The 30-year fixed-rate mortgage averaged 3.65% during the week ending March 19, an increase of 29 basis points from the previous week, Freddie Mac FMCC, -0.60%reported Thursday. This was the largest weekly increase in the average 30-year mortgage rate since November 2016, and it’s the highest mortgage rates have been since mid-January.
The noted uptick in 30-year fixed-rate mortgage rates is a major reversal from just two weeks ago, when they had hit a record low at an average of 3.29%.
The 15-year fixed-rate mortgage also jumped 29 basis points to 3.06%, according to Freddie Mac. The 5/1 adjustable-rate mortgage rose by 10 basis points to an average of 3.11%.
While the Federal Reserve had announced that it was cutting its benchmark interest rate to a range of 0.25% to 0%, mortgage rates do not generally track the Fed’s movements directly. Instead, they roughly follow the direction of longer-term bond yields, including the 10-year Treasury note.
The 10-year Treasury yield TMUBMUSD10Y, 1.157% rose above 1% this week for the first time in roughly two weeks. The increase came about largely as a result of Congress’ approval of a major spending package aimed at curbing the economic impact of the coronavirus pandemic in the U.S., as well as discussions of a broader, more expensive stimulus package.
“The plan will require a large amount of government debt to be issued, in the form of U.S. Treasuries,” said Zillow ZG, +6.33% economist Matthew Speakman. “Knowing that more bonds will be in the market soon, current Treasuries suddenly warranted lower prices in recent days, which coincide with higher yields.”
Bond yields also responded to the Fed’s actions this week, including its choice to re-engage in bond purchasing activity in order to stimulate financial markets.
Meanwhile, lenders continued to have their own issues to grapple with when it came to pricing mortgage rates this week. “Mortgage rates rose again this week as lenders increased prices to help manage skyrocketing refinance demand,” said Sam Khater, Freddie Mac’s chief economist, in the report.
Those aiming to get a new mortgage — either to refinance their existing home loan or to purchase a mortgage — shouldn’t worry too much about interest rates staying this elevated. Economists have said lenders will likely bring rates back down to an extent once they’ve worked through their backlog of applications. And with the coronavirus outbreak still playing out, market volatility is likely here to stay for some time.
“With so much still uncertain, and market movements remaining unpredictable, it’s a losing game to try and predict where rates are heading next,” Speakman said. “But it’s safe to say that more dramatic movements are likely on the horizon.”
Well, this weekend in my post entitled the “Diabolical Candle” I outlined how perfectly bearish last week’s candle was for silver and silver miners, and that it was so perfect that it made me suspect it could shape up to be one of the most devious shakeouts we will ever see.
That shakeout scenario is obviously clearly on the table now.
The close on Friday is going to be be huge. If $silver is able to take out last week’s high next week or even a month or two from now without making a lower low, I will chalk up last week’s action as the greatest shakeout I have ever seen in 20 years of investing, beating the week January 19, 2016 easily for me. Fair play to the banksters if that is how it plays out, because they got this diehard bull to cough up his shares after holding for over 4 years.
If SLV is able to break back above the flat underside of the cloud, it will pretty much confirm the hussle. It’s also possible silver consolidates just under the cloud for a few weeks before continuing higher.
SLV as of today is also back above the weekly Ichimoku cloud, which is critical for bulls IMO. Based on the events of yesterday and today, does anyone really expect it to close below the cloud by this Friday?
That’s what I am calling last week’s weekly candles across the PM complex, but most importantly in $silver and silver miners. Let me preface this by stating that I have held my silver and gold miners for about 4 years now. I even held through the drop in 2018, which saw one of my miners, AXU, go from about $1.40 to $0.68. So I would like to consider myself a committed bull. I have been watching the PM complex like a hawk for 20 years.
To further put last week’s price action into context, you have to consider the week prior to last week’s action (the week of Feb. 18). I’ll use AXU as an example. First, it had been consolidating in a range established last July–so about 8 months of decent sideways action–signaling a continuation of the primary trend. It had beautifully maintained price above all key moving averages, including the 50, 100, 200, 300 and 400 WMAs for months. Ichimoku cloud support was also bullish. In short, it was poised to explode higher. I was even willing to contemplate a potential downward move to $1.50-1.60, which would not violate this bullish picture.
The week of Feb 18 saw gorgeous price action. It moved from $1.76 to $2.20 (about +25%). Furthermore, the weekly candle initiated an upward bend on the upper Bollinger band, signaling AXU was primed for follow through to the upside.
And we indeed got some, at least initially the next Monday, when AXU hit $2.30, but reversed into the close to close slightly red. No big deal, and somewhat understandable on a day the Dow was down 1000 pts. But by Friday AXU had moved to an intra-day low of $1.23 (closing down a whopping 32% on the week), painting what I call the Diabolical Candle.
I panicked out of all of my positions that day, as I had vivid flashbacks of 2008. My thesis was that the miners would not react again like 2008, because the market would discount the monetary madness that would ensue from a stock market crash/credit event. Needless to say, for 4 days and especially Friday, I was very very wrong. Not only that, but much of the beautiful price action over the last 8 months was thrown in the trash last week. Cloud support, which I may put too much importance in, was violated. The upper Bollinger band that was indicating follow through the week before actually saw price dip below the lower band, which is bending downward now, indicating follow through to the downside.
Quite simply, I don’t think I have ever seen such an incredible reversal in 20 years of investing. It’s almost too perfect, like whoever engineered the rise the week before was looking at all of the things I was looking at and thinking how to shatter as many of those things as possible in 1 week of price action.
All this and the price action in $silver, which had similar bullish signals 2 weeks prior, caused me to panic sell. I am not about to sit through another 2008. Conventional TA is screaming that there will be more follow through to the downside eventually, with a lower low coming. But I am really questioning that given how perfect, almost grotesquely beautiful this attack looks. Swing traders are locked out until a swing low is made. If price doesn’t make a lower low, that means a swing trader can’t get back in until AXU gets above $2.20.
If indeed AXU and $silver in fact go on to exceed this week’s high (which could play out over weeks of whipsawing action) before making a lower low, I will have to call this one of the greatest engineered shakeouts in history–even better than the week of January 19, 2016, a week that already lives in infamy. Even if we continue to make lower lows (maybe much lower lows), I doubt I will ever see another candle as diabolical as this week’s.
Jan 18-19, 2020- Martin Armstrong’s Major date and turning point is coming soon. He says this will mark a major turning point in confidence towards the private sector from the government sector. People will completely lose faith in their governments.
From an internet search:
What do we see going on? A war for survival by one party with a severe lack of evidence to stop the head of another party from showing their crimes. The crimes are being exposed. The FISA report is the first step. Durham report next. Will this peak in mid January?
I personally think the D party will be in serious trouble. I think the markets realize the POTUS is going to benefit and be in office 4 more. Sorry D’s.
But what about this turning point from government to private and how makers are supposed to turn in Mid-January? Where will people turn and what will benefit?
I’m hoping the United States stock markets continue to go sideways consolidating above their major breakouts waiting for the next run up.
I’m thinking many other countries governments, which will be seen as conspiring illegally with the D’s pre-2016 election through the 5-eyes program will have faith lost in them. I think there will be a major- “Drain the Swamp” movement uprising begin globally similar to what has been started in the United States.
I think the dollar will begin like the US stock markets it’s next MAJOR move up.
What will happen in other counties? Not sure. But I believe a lot of foreign investors will send their money into the United States boosting everything United States.
Will bank collapses globally send the money into the United States? Perhaps.
Also into gold… but…. other countries’ investors will benefit from the price of gold rise but I don’t think United States investors will. Sorry…
Here’s something I wrote in August but never published. I then believed US bonds will benefit. Not entirely sure the more I learn but maybe. Here’s what I wrote in August and sent to Fully in a private email:
I advise one to read this man’s warnings below by
scrolling to the top of this series of Tweets and follow the thread downwards…
His thoughts, charts, and what could happen match up with my thoughts, beliefs, and what the charts are showing me.
He’s saying the world is on the precipice of a Foreign Banking system collapse which would create an unprecedented demand for the global reserve currency in foreign countries…the U.S. Dollar.
As other countries began to struggle they would send their money to the U.S. dollar. They would buy our stocks, bonds, real estate, etc.
The Fed to prevent this would probably go to 0% interest rates to make our dollar less attractive but if the dollar is rising compared to other countries an interesting thing happens.
These foreign investors holding 0% bonds will get something called a currency return.
If the dollar is rising 20% per year compared to say the Euro, then Europeans would get a 20% return return on a United States government 0% bond.
If the same European investor buys into the U.S. stock market which goes up 20% while the dollar goes up 20% then their return would be 40% for that year.
Seeing this happen there will be a mad rush all around the world to be in all items in the United States including bonds, stocks, and real estate.
BASIC SCENARIO FOR EXAMPLE PURPOSES:
All other currencies stay the same vs each other. Dollar strengthens back to the all time high of 165, which I think will happen.
This would be a 169% rise in the dollar. If this happens instantaneously without any other prices moving commodities and foreign currencies compared to the dollar would fall 41%.
Skip below this math if you don’t want to see it. Resume reading where the next line this one below is:
—————————————————
165/97.5= DOLLAR increases by 1.6923 or a 169% increase.
1/1.6923= .5909
.5909 is now the number to multiply times a commodity/currencies to see how much they will be in dollars.
They’ll go down .5909 which is .4101 or 41.01%.
I’ll spare you the math. This means commodities and other currencies against the dollar fall by 41%.
Commodities and foreign stock investments priced in dollars would go down 41%.
.5909x the crb at today’s 179.07= 105.8
Look at Rambus’ chart and see where that puts the CRB in dollars! It sends it to the “major support zone” he identifies at the bottom of the chart.
Gold:
.5909×1497= $884!!!
If gold doubles in all currencies at the same time but goes down 41% in the dollar here’s the price of gold: $1770.
Canadian/Euro/Yen etc would see the price of commodities barely move. They may even see the commodity prices rise slightly when Rambus’ CRB chart fulfills its plunge…
The dollar strengthening would cause the price of commodities in dollars to drop like a Rock.
A foreign investor like yourself seeing what’s happening, desiring to get the best return, will want to put all of their money into US stocks, bonds, real estate etc worsening the dollar rise and their own currency fall vs the dollar!!
If money is pouring into the U.S. stock market it won’t go down.
Plus the businesses will have input costs like oil at $15. Copper at 0.50, lumber cheap as heck, food costs cheap as heck. Businesses will thrive with low cost inputs increasing profits and more businesses will build in America. I think there will be a massive flood of businesses returning to the United States especially if we no longer get raped by foreign country trade agreements. ????? That’s my guess. Makes sense to me but may be wrong.
GOLDUSA and SILVERUSA Security Token Offerings
Non-Brokered Private Placement
Vancouver, British Columbia / January 21, 2019 – Canamex Gold Corp. (the “Company” or “Canamex”) (CSE: CSQ) announces that it has launched a non-brokered private placement to accredited investors, of GOLDUSA (“GOLDUSA”) Ethereum ERC20 Tokens via a Security Token Offering (“STO”). Further general details of this offering are as follows:
GOLDUSA Tokens offered at about 30% discount to the current spot gold price
Exposure to gold-backed ERC20 crypto-tokens on the Ethereum blockchain
Each token is an interest in 1/200 oz gold at offer price of $US 4.50 per token
This is about 30% discount to $US 6.50 value per token, based on $US 1300/oz gold price
Minimum subscription: 500 GOLDUSA Tokens or $US 2,250
Purchase methods accepted: $USD or $CAD fiat, Ethereum (ETH) or Bitcoin (BTC)
In addition, further to the Company’s news release of October 3rd, 2018, the non-brokered private placement to accredited investors of SILVERUSA (“SILVERUSA”) Ethereum ERC20 Tokens via a Security Token Offering (“STO”), remains open to subscription. Further general details of this offering are as follows:
SILVERUSA Tokens offered at about 35% discount to the current spot silver price
Exposure to silver-backed ERC20 crypto-tokens on the Ethereum blockchain
Each token is an interest in 1/2 oz silver at offer price of $US 5.00 per token
This is about 35% discount to $US 7.80 value per token, based on $US 15.60/oz silver spot price
Minimum subscription: 500 SILVERUSA Tokens or $US 2,500
Purchase methods accepted: $USD or $CAD fiat, Ethereum (ETH) or Bitcoin (BTC)
The Company reserves the right to increase the subscription offer price, if gold or silver prices increase during the offer period. It is anticipated that these STOs will provide additional financing to complete mine permitting and development work, to a shovel-ready stage (production decision and construction financing), at the Bruner Gold and Silver Project in Nevada. The amount being targeted by the Company for these offerings is up to $US 10 million.
The risks associated with the issuance of the GOLDUSA and SILVERUSA tokens is summarized below.
Risk Disclosures
Equity Interest
The GOLDUSA tokens do not give the GOLDUSA token holder any equity or other interest in the Company equivalent to a holder of common shares including, for greater certainty, a right to participate in the profits or the distribution of assets of the Company, nor any voting rights in any meeting of the security holders of the Company. A holder of a GOLDUSA token is only entitled to delivery of gold, on request, pursuant to the terms of the GOLDUSA token offering. The Company will receive cash for this GOLDUSA token offering, and will have an obligation to meet gold delivery requests, but only after commercial production is achieved.
The Bruner Gold Project
As the Company is still in the development phase with its Bruner Gold Project, in Nevada, it has yet to produce any gold or other resources. The Company has not yet made a production decision, and is raising capital to advance the project through permitting and feasibility, the results of which are anticipated to support a production decision upon completion. Whilst the 2018 updated PEA is positive, and recommends advancing the project through permitting and feasibility, it is based upon mineral resources only, and not mineral reserves. The results of a feasibility study may differ from the results of the PEA. Therefore, a GOLDUSA token linked to the production of such mineral resources is speculative, as there is no definitive time horizon in which commercial production of such resources could commence; given that there is no definitive feasibility study demonstrating economic production.
Equity Holders
The GOLDUSA token effectively will be a long-term royalty interest on the Bruner Gold Project, which will require the delivery of gold if or when commercial production is achieved. Holders or potential purchasers of common shares of the Company should be aware that a GOLDUSA token holder will receive gold, if or when commercial production is achieved and after redemptions of gold are satisfied, the Company could sell any remaining resources available.
Accounting
Companies continue to look to alternative sources of finance and creative deal structures for growth and funding. These have included joint arrangements, divestments, mergers, streaming, royalty deals and offtake-linked pre-financing. New investment vehicles have emerged in this alternative finance space to take advantage of investor demand for commodity exposures and the companies’ demand for funding. Alternative finance, by its nature innovative and deal specific, does not find a natural ‘home’ in the IFRS accounting standards. Each arrangement is unique and there is no ‘one size fits all’. There is no ‘industry guidance’ in IFRS that sets out the accounting for these structures. The legal form of the GOLDUSA token offering is a contract to buy a non-financial item, the specified commodity, which in this case is gold. Contracts to buy or sell non-financial items are normally considered executory contracts and are outside the scope of the financial instruments guidance.
The settlement is in gold bullion, but is contingent on successful commercial production from the Bruner Gold project, and there is no compensation if development is unsuccessful. Therefore, this is like a royalty model, but different in that there is no percentage of production acquired via a royalty arrangement, but a fixed volume of production that is acquired, via the GOLDUSA tokens. A GOLDUSA token holder’s right to delivery is dependent on successful development of the mine and extraction of minerals specific to the property, like a royalty.
The Company in such an arrangement does not record an obligation for future payments. Since there is no unconditional obligation to deliver cash or other monetary payment, no financial obligation arises.
The Company can be deemed to sell a proportion of resources, because a defined quantity of resources will be transferred to the GOLDUSA token holder from the Bruner Gold project. Settlement is based on gold bullion delivery and not net income, so the GOLDUSA token holder’s entitlement basically represents a portion of volume of production.
A GOLDUSA token holder has no contractual right to enforce development of the mine. A GOLDUSA token holder has no contractual rights if the other party fails to develop the mine and does not start production. Therefore, the GOLDUSA token holder is exposed to risks that would not be typical in a financial instrument.
The value of the GOLDUSA tokens relates directly to the value of gold, and fluctuations in the price of gold could materially affect an investment in the GOLDUSA tokens
Even if the GOLDUSA tokens are held for the long-term, that may not result in a profit, since gold markets have historically experienced extended periods of flat or declining prices, in addition to sharp fluctuations. In addition, there is no assurance that gold will maintain its long- term value in terms of purchasing power. If the price of gold declines, the Company expects the value of the GOLDUSA tokens to decline.
Gold bullion is traded internationally and its price is generally quoted in U.S. dollars. The price of the GOLDUSA tokens will depend on, and typically fluctuate with, the price fluctuations of gold. The price of gold may be affected at any time by many international, economic, monetary and political factors, many of which are unpredictable.
Changing tax, royalty, land and mineral ownership and leasing regulations in gold producing countries can have an impact on market functions and expectations for future gold supply. This can affect both share prices of gold mining companies and the relative prices of other commodities, which are competitive factors that may affect investor decisions in respect of investing in gold and the GOLDUSA tokens.
Prospective purchasers need to independently determine the suitability of investing in GOLDUSA tokens
Prospective purchasers should determine whether an investment in GOLDUSA tokens is appropriate in their circumstances and should consult with their legal, business and tax advisors in evaluating the consequences of an investment in the GOLDUSA tokens. An investment in GOLDUSA tokens is only suitable for investors who: (i) have the requisite knowledge and experience in financial and business matters to evaluate the merits and risks of an investment in GOLDUSA tokens; (ii) have access to, and knowledge of, appropriate analytical tools to evaluate such merits and risks in the context of their financial situation; and (iii) can bear the potential economic risks of any investment in the GOLDUSA tokens.
About Canamex Gold Corp.
Canamex Gold Corp. is a public listed company registered in British Columbia, Canada, trading on the Canadian Securities Exchange (CSE), and is engaged in pre-development of the Bruner gold and silver project in the prolific gold jurisdiction of Nye County, Nevada. The region is home to several producing and past-producing mines along the Walker Lane Trend. Canamex completed a positive Preliminary Economic Assessment (PEA) on the Bruner project in 2016. Based on additional drilling conducted on the property, the company completed an updated PEA in 2018, which increased the resources and improved the economics of the project. Canamex is now moving the Bruner project forward into permitting and development on the strength of this positive updated PEA. The second asset is the Silverton property, a gold exploration project, in Nevada, which has geological similarities to the Long Canyon deposit in Nevada, being mined by Newmont Mining. The Company has signed an agreement with Harmonychain AS, for Ethereum blockchain cryptographic security tokens, asset backed by gold and silver royalties and metal streams, as an alternative means of raising capital, potentially without equity dilution. The agreement secures the exclusive rights to various Ethereum cryptographic token domain names and ticker codes, for gold and silver. The rights also extend to patents pending and trademarks associated with these security token financing models. Canamex has signed an MOU with Malta Digital Exchange, to collaborate on the possibility of listing GOLDUSA and SILVERUSA security tokens on a secondary market. Further information is available at https://canamexgold.com
ON BEHALF OF THE BOARD
David Vincent
CEO and Director
david.vincent@canamexgold.com
Mike Stark
Chairman of the Board
604.833.4278
mike.stark@canamexgold.com
The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release.
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.
This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.
A long term ratio analysis of Goldman Sachs stock vs the XAU Gold and Silver Mining Index reveals that we may be on the doorstep of the next major surge in Gold and Silver mining stocks. This expansion can arrive as soon as January 2019.
2.2 has been a key level in the Goldman Sachs vs XAU ratio since the year 2000. Precious Metals miners began a long term bull market after the ratio dropped from 2.2 in the early 2000s. A double bottom in the ratio at 0.4 was observed in 2008 and 2011, which gave us a measured move target to 4.0 which was met in mid 2015. Another major surge in Precious Metals miners occurred in the first half of 2016, coinciding with another rejection of the GS:$XAU ratio below the key 2.2 level.
This month, December 2018, the ratio is again testing the key 2.2 level. If the ratio falls below 2.2, the Precious Metals miners may experience another bullish expansion, similar to the behavior observed in 2000 and 2016.
Notice the monthly candles of February 2016 and December 2018: both are bearish candles with wicks that test and bounce off the key 2.2 level.
Loading ...
