Monday, September 19, 2016

Gold World News Flash

Gold World News Flash


On Europe's Train Wreck Of Monetarist Absurdity

Posted: 18 Sep 2016 11:00 PM PDT

Authored by Constantin Gurdgiev via True Economics blog,

One chart that really says it all when it comes to the fortunes of the Euro area economy:

And, courtesy of these monetary acrobatics, we now have private corporates issuing debt at negative yields, nominal yields... 

The train wreck of monetarist absurdity is now so far out on the wobbly bridge of economic systems devoid of productivity growth, consumer demand growth and capex demand that even the vultures have taken into the skies in anticipation of some juicy carrion. With $16 trillion (at the end of August) in sovereign debt yielding negative and with corporates now being paid to borrow, the idea of the savings-investment link - the fundamental basis of the economy - makes about as much sense today as voodoo does in medicine. Even WSJ noted as much.

As I recently quipped to an asset manager I used to work with:

"A mudslide off this mountain of debt will have to happen in order to correct the excesses built up in recent years. There is too much liquidity mass built into the markets devoid of investment demand, and too weak of an economy holding it. Everywhere. By fundamental metrics of value-added growth and organic demand expansion potential, every economy is simply sick.

 

There is no productivity growth. There is no EPS growth, even with declining S down to waves of buy-outs. There is debt growth, with no capex & no EPS growth to underwrite that debt. There is a global banking system running totally on fumes pumped into it at an ever increasing rate by the Central Banks through direct monetary policies and by indirect means (regulatory shenanigans of ever-shifting capital and assets quality revisions). There is no trade growth. There is no market growth for trade. Neither supply side, nor demand side can hold much more, and countries, like the U.S., have run out of ability to find new lines of credit to inflate their economies. Students - kids! - are now so deep in debt before they even start working, they can't afford rents, let alone homes. Housing shortages & rents inflation are out of control. GenZ and GenY cannot afford renting and paying for groceries, and everyone is pretending that the ‘shared economy’ is a form of salvation when it really is a sign that people can’t pay for that second bedroom and need roommates to cover basic bills. Amidst all of that: 1% is riding high and dragging with it 10% that are public sector ‘heroes’ while bribing the 15% that are the elderly and don't give a damn about the future as long as they can afford their prescriptions.

 

Take kids out of the equation, and the outright net recipients of subsidies and supports, and you have 25-30% of the total population who are carrying all the burden for the rest and are being crushed under debt, taxes and jobs markets that provide shit-for-wages careers. Happy times! Buy S&P. Buy penny stocks. Buy bonds. Buy sovereign debt. Buy risk-free Treasuries… Buy, Buy, Buy we hear from the sell-side. Because if you do not 'buy' you will miss the 'ladder'... Sounds familiar, folks? Right on... just as 2007 battle cry 'Buy Anglo shares' or 2005 call to 'Buy Romanian apartments' because, you know... who wants to miss 'The Ladder'?.."

Which brings us to the simple point of action: don't buy bonds. Don't buy stocks. Hold defensive assets in stable proportions: gold, silver, land, fishing rights... anything other than the fundamentals-free paper.

Doug Casey On Gold: “The Potential Is Here For A Climactic Runaway Mania”

Posted: 18 Sep 2016 11:00 PM PDT

ShtfPlan

Silver Rocket and Gold Moribund, Report 18 September, 2016

Posted: 18 Sep 2016 10:20 PM PDT

The prices of both metals were down again this week.

We would guess that it has something to do with the fact that everyone knows: higher rates are coming to the dollar. The yield on the 10-year Treasury closed the previous week at 1.762% and this week at 1.701%. It may not look like much, but this is a change of +1.7%.

Just repeat after me: "the Fed makes the economy more stable."

In any case, there are a few holes in the "bonds are in a bubble" bubble. One is that the worldwide trend for 35 years is falling rates. If one wishes to argue that this trend is over, one would have to acknowledge its cause and argue that this cause is no longer in effect (one would need a real theory, not just the old "inflation expectations" saw).

More immediately, why are junk bonds and equities not dropping commensurately? If you look at a chart of junk bond yields, you see less volatility and the opposite trend. Since July 1, the Bloomberg High Yield Corporate Bond index is up 3.8%. In the same period, the Bloomberg US Treasury Bond Index is down 1.1%. When a bond price falls, that means the interest rate is higher.

For reference, 6-month LIBOR is up from 0.92% to 1.25%, or +36% (thirty six, not a typo).

We aren't bond or equity traders, but we think it's crystal clear that if rates are truly moving up, a lot, and durably, then all assets will be repriced lower. And if the US dollar is alone in bucking the falling rates trend, then look for a rising dollar index (i.e. all the other currencies will fall further, as traders will short them to get the even-greater interest rate differential).

Needless to say, the idea of a rising dollar does not fit the bond-bubble-burst rising-rates Narrative.

So for the moment, the prices of the metals—silver more than gold—are driven by this Narrative. How long until this Narrative bursts?

There was an interesting news item this week, CME Group announced that it will presently launch a futures contract for the gold-silver ratio. This security will make it easier for the public to trade the gold-silver ratio. We think this is good, as it encourages arbitrage thinking. Of course, like every product in the market-casinos today, this one is designed to generate dollars (unlike our fund, which deals in physical metal, and generates gains in gold). We will have more to say about this contract as it gets closer to launch (Oct 24).

Read on for the only true picture of the fundamentals of the monetary metals. But first, here's the graph of the metals' prices.

       The Prices of Gold and Silver
prices

Next, this is a graph of the gold price measured in silver, otherwise known as the gold to silver ratio. It did not change this week.  

The Ratio of the Gold Price to the Silver Price
ratio

For each metal, we will look at a graph of the basis and cobasis overlaid with the price of the dollar in terms of the respective metal. It will make it easier to provide brief commentary. The dollar will be represented in green, the basis in blue and cobasis in red.

Here is the gold graph.

       The Gold Basis and Cobasis and the Dollar Price
gold

We switched from the October to December contract this week.

The price of gold fell this week, as did the basis.

The Monetary Metals fundamental price of gold is down just about as much as the market price.

Let's look at silver.

The
Silver Basis and Cobasis and the Dollar Price
silver

The price of silver dropped just as much as gold, in proportion. The basis dropped more.

Our fundamental price is now two bucks under the market price. Does this mean the market price has to drop immediately, now that we know this? No, right now the market is in the grips of a mini silver mania (we would not dare say bubble, at least not without trigger warnings). Like the interest rate anomalies, it would be strange to see the price of silver take off like the famed mythological silver bug rocket while the price of gold languishes, moribund.

 

© 2016 Monetary
Metals

Michael Pento: "These Are The Most Dangerous Markets I've Ever Witnessed"

Posted: 18 Sep 2016 05:40 PM PDT

Submittted by Adam Taggart via PeakProsperity.com,

In this week's podcast, Michael Pento, fund manager and author of The Coming Bond Bubble Collapse, explains how the United States is fast approaching the end stage of the biggest asset bubble in history. He describes how the bursting of this bubble will cause a massive interest rate shock that will send the US consumer economy and the US government—pumped up by massive Treasury debt—into bankruptcy, an event that will send shockwaves throughout the global economy:

These are the most dangerous markets I have ever witnessed in my entire life, and I’ve been investing for over 25 years. Let’s go over some numbers to let you know exactly how tenuous this bubble is. Its membrane has been stretched so wide and so tight that it’s about to burst, and any semblance of even maybe a little sharp object, something even a hemophiliac wouldn’t be afraid of, sends the market careening downward.

 

Global central bank balance sheets are up from $6 trillion in 2007 to $21 trillion today and they are still being expanded at the pace of $200 billion each and every month. What’s happening is that the robotraders, the algorithms, the frontrunners on Wall Street and around the world are just gaming the system, looking for the next increase in central bank credit to take their collateral to the ECB or to the Bank of Japan or to the Fed and buy more stocks and bonds.

 

That’s the game we’re playing. Even a hint that it might someday end sends the entire investment community scampering for the door; and that door is very, very narrow and can only fit a few people through it. So let’s go through a couple of more data points to emphasize just how big this bond bubble is and why it’s so important.

 

So the European Central Bank is buying corporate bonds. I hope everybody knows that. So much that there's now 30% of investment-grade debt in Europe trading with a negative yield. This is not sovereign debt (as asinine as it is to ever be able as a sovereign nation to issue debt and get paid to do so). Investment grade bonds in Europe now trade with a negative yield.

 

The Bank of Japan owns 50% of all Japanese government bonds, JGBs.

 

About 25 percent (and this number vacillates between days where the German tenure goes north or south of the flat line) of global sovereign debt trades with a negative yield.

 

So what happened on September 8th? Last Thursday, Mario Draghi came out and gave a press conference after leaving rates unchanged in the European Union. The audience was asking questions like: Did you discuss helicopter money? No, we really didn’t discuss it. Did you discuss extending the QE program beyond March of 2017? No, we didn’t discuss extending the 80 billion purchases of assets beyond March. There was a stirring in the audience, the reporters were beside themselves. They couldn’t believe that Mario Draghi, even though he didn’t even hint about stopping QE, he didn’t extend its duration or its quantity. That sent markets cratering. The Dow fell 400 points. The U.S. 10-year yield jumped from 1.52% to 1.68% in one day.

 

Now, the market had a bounce back the next day, then was down again more than 200 points on the Dow. So you can tell, anybody with any objective, critical, independent mind can tell this is an unsustainable, very ephemeral rally in stocks that has occurred since 2009. And when the bond market breaks, when that bubble bursts, it will wipe out every asset -- everything will collapse together -- because everything is geared off of that so-called 'risk free' rate of return.

 

If your risk free rate of return has been warped down to 0% for 96 months, then everything -- and I mean diamonds, sports cars, mutual funds, municipal bonds, fixed income, REITs, collateralized loan obligations, stocks, bonds, everything, even commodities -- will collapse in tandem along with the bond bubble burst.

Click the play button below to listen to Chris' interview with Michael Pento (27m:46s).

 

Greyerz and Leeb comment on gold at King World News

Posted: 18 Sep 2016 04:02 PM PDT

7p ET Sunday, September 18, 2016

Dear Friend of GATA and Gold:

At King World News, gold fund manager Egon von Greyerz predicts that the euro won't survive, driving Europeans into gold:

http://kingworldnews.com/greyerz-the-roadmap-to-a-staggering-10000-gold-...

And fund manager Stephen Leeb argues that China wants an orderly transition to a new world monetary system, which for the time being requires controlling the gold price:

http://kingworldnews.com/chinas-stunning-plan-for-gold-a-new-monetary-sy...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



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The Gold Mine Barrick Might Regret Having Sold


K92 Mining is poised for production at its Papua New Guinea gold project and has just listed on the Toronto Venture exchange under the symbol KNT.V.

The gold mining startup came together during one of the toughest periods in mining history.

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For more information, please visit:

https://ceo.ca/@tommy/the-gold-mine-barrick-might-regret-selling



Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 26-29, 2016
Hilton New Orleans Riverside
New Orleans, Louisiana
http://neworleansconference.com/wp-content/uploads/2016/08/2016_Powell.h...

Help GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

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Help keep GATA going

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Funds dump gold at fastest pace since May as Fed outlook shifts

Posted: 18 Sep 2016 03:47 PM PDT

By Joe Deaux
Bloomberg News
Sunday, September 18, 2016

Gold investors seem to agree: Don't fight the Federal Reserve.

With the Fed's next policy meeting looming this week, hedge funds are exiting from gold. Speculators cut their bets on a bullion rally by the most in more than three months. Holdings in global exchange-traded funds backed by the metal are down from a three-year high in August and heading for the biggest monthly decline this year. Aggregate open interest in New York futures is mired in the longest slump since May.

Speculation is mounting that Fed officials, in a statement scheduled for release on Wednesday, will signal that higher U.S. interest rates are on the way. That's bad news for gold, which thrives as an alternative asset. Through Friday the metal had surged 24 percent for the year as the policy makers declined to raise borrowing costs. ...

... For the remainder of the report:

http://www.bloomberg.com/news/articles/2016-09-18/funds-dump-gold-at-fas...



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NewCastle Gold's New CEO, Gerald Panneton, Hits the Ground Running

By Tommy Humphreys
CEO.ca
Tuesday, September 6, 2016

Mining entrepreneur Gerald Panneton took a few years off after building one of Canada's largest gold miners, Detour Gold. He raced performance cars in his down time, and conducted due diligence on various mining assets to potentially back.

This summer, the geologist set his sights on NewCastle Gold (TSXV:NCA), owner of a past-producing gold mine in California with similarities to Detour Gold in its early days. ...

... For the remainder of the report:

https://ceo.ca/@tommy/new-newcastle-gold-ceo-gerald-panneton-hits-the-gr...



Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 26-29, 2016
Hilton New Orleans Riverside
New Orleans, Louisiana
http://neworleansconference.com/wp-content/uploads/2016/08/2016_Powell.h...

Help GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://tinyurl.com/zr4tjuc

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Europe Is Planning For War and We Need to Pay Attention

Posted: 18 Sep 2016 03:30 PM PDT

by Daisy Luther, The Organic Prepper:

Survival Saturday is a round-up of the week's news and resources for folks who are interested in being prepared.

This Week in the News
This week on Survival Saturday, we'll talk about the growing evidence that Europe is preparing for war. Many people tend to dismiss the goings-on across the planet as irrelevant to us, but it's actually extremely important. As well, we'll talk about the gasoline spill that has quietly caused a State of Emergency to be declared by 6 governors, the theories about Hillary Clinton's most recent health incident, and much more!

The Pipeline Disaster That No One Is Talking About
Did you hear that a gasoline pipeline in Alabama was damaged and that the contents of it have been gushing out since September 9? No?

That's because most of the media has been silent about everything but the aftereffects: higher gasoline prices and possibly even shortages. (And those shortages could be imminent for the East Coast – so fill up now if you live on that side of the US. You'll find great advice for safely storing gasoline in this book.)

The Anti-Media, always one of the first to be on top of things, reported that more than 250,000 gallons of fuel has leaked out and that the leak may still be going on. Tennessee, Virginia, Georgia, South Carolina, North Carolina, and Alabama have all declared a state of emergency due to the leak.

Interestingly, Colonial Oil was quoted in an article as saying, "There has been no threat to public health or safety…"

But in the same article, they were also quoted as saying that they're unable to calculate the exact amount of fuel that has been spilled due to safety concerns. "It's not safe for our workers to recover much product off of the pond due to gasoline vapors. It's a challenge for us to do much because the vapors are not at safe levels for human health. So that presents a challenge to say how much has been released."

So,which is it? There either IS a threat or there isn't. I think we can all guess the answer to this question. (PS: This is another reminder of why water preparedness is so essential.)

So far, nothing but crickets from the EPA, but that's probably no surprise to anyone who understands that they are only there to protect corporations and not the public.

This Week's Hillary Clinton Health Theories
Seriously, "This Week's Hillary Clinton Health Theories" could be an ongoing topic. I could write a weekly column entirely dedicated to speculations about her ill health and that is because no one in her campaign is being honest. (Of course, the Clintons are no strangers to dishonesty.)

They aren't providing us with any stories that aren't completely full of holes. The hype culminated with her highly publicized collapse at a 9/11 memorial last Sunday, and the explanation of pneumonia in September just isn't cutting it for most people. And before anyone says, "These are all just conspiracy theories" – that's exactly right. All we have is theories because even though something is blatantly wrong, no one is giving us an official answer that we can believe.

I'll list the articles here and you can click on them and see what everyone has to say.

So, Here's Another Theory About Hillary Clinton's Collapse…and After the DNC, Would Anything Surprise You?

Read More @ TheOrganicPrepper.ca

The "Giant Rise in the Value of Gold" Theory of the 1930s 2: Never Happened Before

Posted: 18 Sep 2016 03:02 PM PDT

New World Economics

Gold in Japan: Finally Opening the Floodgates to Mining & This Company is First!

Posted: 18 Sep 2016 12:25 PM PDT

Dear U.S. Trump-haters: Don’t move to Canada!

Posted: 18 Sep 2016 12:04 PM PDT

 David Menzies attempts to discourage American progressives who are vowing to move to Canada if The Donald becomes President, from following through. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative...

[[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]

Why the EU is Doomed

Posted: 18 Sep 2016 12:00 PM PDT

by Alasdair Macleod, via Gold Seek:

We are accustomed to looking at Europe's woes in a purely financial context. This is a mistake, because it misses the real reasons why the EU will fail and not survive the next financial crisis.

We normally survive financial crises, thanks to the successful actions of central banks as lenders of last resort. However, the origins and construction of both the the euro and the EU itself could ensure the next financial crisis commences in the coming months, and will exceed the capabilities of the ECB to save the system.


It should be remembered that the European Union was originally a creation of US post-war foreign policy. The priority was to ensure there was a buffer against the march of Soviet communism, and to that end three elements of the policy towards Europe were established. First, there was the Marshall Plan, which from 1948 provided funds to help rebuild Europe's infrastructure. This was followed by the establishment of NATO in 1949, which ensured American and British troops had permanent bases in Germany. And lastly, a CIA sponsored organisation, the American Committee on United Europe was established to covertly promote European political union.

It was therefore in no way a natural European development. But in the post-war years the concept of political union, initially the European Coal and Steel Community, became fact in the Treaty of Paris in 1951 with six founding members: France, West Germany, Belgium, Luxembourg and Italy. The ECSC evolved into the EU of today, with an additional twenty-one member states, not including the UK which has now decided to leave.

With the original founders retaining their national characteristics, the EU resembles a political portmanteau, a piece of assembled furniture, each component retaining its original characteristics. After sixty-five years, a Frenchman is still a staunch French nationalist. Germans are characteristically German, and the Italians remain delightfully Italian. Belgium is often referred to as a non-country, and is still riven between Walloons and the Flemish. As an organisation, the EU lacks national identity and therefore political cohesion.

This is why the European Commission in Brussels has to go to great lengths to assert itself. But it has an insurmountable problem, and that is it has no democratic authority. The EU parliament was set up to be toothless, which is why it fools only the ignorant. With power still residing in a small cabal of nation states, national powerbrokers pay little more than lip-service to the Brussels bureaucracy.

The relationship between national leaders and the European Commission has been deliberately long-term, in the sense that loss of sovereignty is used to gradually subordinate other EU members into the Franco-German line. The driving logic has been to make the European region a protected trade area in Franco-German joint interests, and to protect them from free markets. It was not easy to find the necessary compromise. Since the Second World War, France has been strongly protectionist over her own culture, insisting that the French only buy French goods. Germany's success was rooted in savings, which encouraged industrial investment, leading to strong exports. These two nations with a common border had, and still have, very different values, but they managed to conceive and set up the European Central Bank and the euro. In Germany, the sound-money men in the Bundesbank lost out to industrial interests, which sought to profit from a weaker currency. This was actually in line with her political preferences, and it was the political class that controlled the relationship with France. In France the integrationists, politicians again, defeated the industrialists, who sought to insulate their home markets from German competition.

When a common currency was first mooted, two future problems were ignored. The first was how would the other states joining the euro adapt to the loss of their national currencies, and the second was how would the UK, with her Anglo-Saxon market-based culture adapt to a more European model. It wasn't long before the latter issue was met head-on, with the withdrawal of sterling from the Exchange Rate Mechanism, the forerunner of the euro, in September 1992.

The euro was eventually born at the turn of the century. The Franco-German compromise led to the appointment of a Frenchman, Jean-Claude Trichet, as the ECB's second president. All was well, because the abandonment of national currencies and the gradual acceptance of the euro meant that states in the Eurozone were able to borrow more cheaply in euros than they ever could in their own national currencies.

Bond risk was measured against German bunds, traditionally the lowest yielding bonds in Europe. It was not long before the spread between bunds and other Eurozone debt was commonly seen as a profitable opportunity, instead of a reflection of relative risk. European banks, insurance companies and pension funds all benefited from the substantial rise in the prices of bonds issued by peripheral EU members, and invested accordingly. In turn, these borrowers were only too willing to supply this demand by issuing enormous quantities of debt, in contravention of the Maastricht Treaty. Bank credit expanded as well, leaving the banking system highly geared.

The control mechanism for this explosion in borrowing was meant to be the Exchange Stability and Growth Pact, agreed in Maastricht in 1993. This laid down five rules, of which two concern us. Member states were bound to keep their national budget deficits to a maximum of 3% of GDP, and national government debt was limited to 60% of GDP. Neither Germany nor France qualified on the debt criteria, without rigging their national accounts, and the only reason that deficits came within the Pact was a mixture of dodgy accounting and fortuitous timing of the economic cycle. The control mechanism was never enforced.

So from the outset, no nation had any sense of responsibility towards the new currency. The rules were ignored and the euro became a gravy-chain for all member governments, spectacularly brought to public attention by the failure of Greece.

The Eurozone's banking system, incorporating the national central banks and the ECB, bound together in a bizarre settlement system called TARGET, became the means for member nations to buy German goods on credit. Very good for Germany, you may say, but the problem was that the credit was supplied by Germany herself. It is the same as lending money to the buyer of your business in a rigged transaction. This flaw in the system's construction is now a rumbling volcano ready to blow at any moment.

The Germans want their money back, or at least don't want to write it off. The debtors cannot pay, and need to borrow more money just to survive. Neither side wishes to face reality. It started with Ireland, then Cyprus, followed by Greece and Portugal. These are the smaller creditors, which Germany, led by its Finance Minister Wolfgang Schäuble, managed to crush into debtor submission and are now economic zombies. The real problem comes with Italy, which is also failing and has a debt-to-GDP ratio estimated to be over 133% and rising. If Italy goes, it will be followed by Spain and France. Herr Schäuble cannot force these major creditors into line so easily, because at this stage the whole Eurozone banking system will be in deep trouble, as will the German government itself. German savers are also becoming acutely aware that they will pick up the bill.

Read More @ GoldSeek.com

GET OUT NOW!!! OBAMA JUST TOLD US THAT HE WILL DECLARE MARTIAL LAW IN 2016!!!

Posted: 18 Sep 2016 07:57 AM PDT

 We can't let this happen! Obama is playing the media. We need to get ready because something very bad is happening! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers ,...

[[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]

Gold miners stick close to home in hunt for more metal

Posted: 18 Sep 2016 07:21 AM PDT

By Susan Taylor and Nicole Mordant
Reuters
Sunday, September 18, 2016

The world's biggest gold miners are taking a cautious approach in their hunt for bullion, spending more money to explore around existing mines rather than new territory in a strategy that may have short-term gains but risks future production growth.

Top producers are relying more than ever on small companies to do the heavy lifting of searching for new deposits and increasingly taking 10 to 20 percent equity stakes in the junior miners.

Exploring close to home is more cost efficient and improves the odds of discoveries. But the chances of making major new finds are limited, diminishing global gold output, which is expected to decline by nearly 9 percent in the next three years. ...

... For the remainder of the report:

http://www.reuters.com/article/us-mining-gold-idUSKCN11O0F8



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Sandspring Resources Commences 2016 Exploration Campaign

Company Announcement
August 17, 2016

Sandspring Resources Ltd. (TSX VENTURE:SSP, US OTC: SSPXF) is pleased to announce commencement of the 2016 exploration campaign at its Toroparu Gold Project in Guyana, South America.

In 2015 the company completed a 3,700-meter diamond drilling program on the promising Sona Hill Prospect, located 5 kilometers southeast of the main Toroparu deposit. Sona Hill is the easternmost gold anomaly in a cluster of 10 gold features located within a 20-by-7-kilometer hydrothermal alteration halo around Toroparu. Drilling at Sona Hill in 2012 and in 2015 intercepted high-grade mineralization in both saprolite and bedrock, and confirmed the continuity and grade potential of the Sona Hill mineralization.

For the remainder of the announcement and highlights of the 2015 drill program:

https://finance.yahoo.com/news/sandspring-resources-commences-2016-explo...



Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 26-29, 2016
Hilton New Orleans Riverside
New Orleans, Louisiana
http://neworleansconference.com/wp-content/uploads/2016/08/2016_Powell.h...

Help GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://tinyurl.com/zr4tjuc

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Join GATA in October at the New Orleans conference because you can't lose

Posted: 18 Sep 2016 07:16 AM PDT

10:15a ET Sunday, September 18, 2016

Dear Friend of GATA and Gold:

Will you join GATA Chairman Bill Murphy and your secretary/treasurer at the New Orleans Investment Conference in the last week of October?

Conference director Brien Lundin notes in the letter below that you really can't lose. He guarantees that if, as a result of what you learn at the conference, you don't at least quadruple your registration fee, your fee will be refunded.

... Dispatch continues below ...



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Gold Standard Continues to Expand North Dark Star High-Grade Deposit

Company Announcement
Wednesday, September 14, 2016

VANCOUVER, British Columbia, Canada -- Gold Standard Ventures Corp. (TSXV: GSV; NYSE MKT:GSV) today announced assay results from two holes, DS16-21 and DS16-04, at the recently discovered North Dark Star oxide gold deposit on its fully-owned and controlled Railroad-Pinion Project in Nevada's Carlin Trend. Results from DS16-21 have increased the width of the deposit and, more importantly, have confirmed that higher-grade oxide mineralization projects up-dip to more shallow depths to the east of DS16-08.

The primary objective of this year's drill program at North Dark Star was to expand the high-grade zone discovered in core hole DS15-13 (15.4 meters of 1.85 gold grams per tonne and 97 meters of 1.61 gold grams per tonne) at the end of last year's drill program. ...

...For the remainder of the announcement:

https://goldstandardv.com/news/2016/expansion-gold-standards-north-dark-...



Having participated in the conference for many years, GATA can say that nothing surpasses it for financial and political insight and, thanks to the city itself, plain old fun. I don't mean the cliched honky-tonkiness of Bourbon Street. (Anyone in the monetary metals sector learns early how to drink plenty just staying home.) I mean the history, geography, culture, climate, and of course the restaurants of the city. At this conference there is always so much to learn inside -- many of the speakers are GATA favorites -- and to explore outside.

So please read Lundin's letter below and if you're persuaded to consider attending, use the link at the bottom of his letter to find out more about the conference and register for it. The conference has kindly offered GATA a commission for every GATA supporter who uses the link to register.

Hoping to see you there.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

* * *

Your Guarantee that You Can't Lose at the New Orleans Investment Conference

By Brien Lundin
New Orleans Investment Conference

Gold and silver are soaring.

Negative interest rates are spreading across the world like a wildfire. The economy is slowing. Stocks are peaking while the presidential election promises to roil global markets.

This is the riskiest -- and potentially most profitable -- investment opportunity in decades.

And there's only one way to play it that guarantees a four-for-one profit.

My message is simple: You can't afford to miss this opportunity.

That's because the best place to be in a gold bull market is the New Orleans Investment Conference.

More than four decades of history have proven this, time and time again.

It's where the top metals and mining stock experts and most successful investors gather every year.

It's where the most powerful investment strategies are detailed.

It's where the hottest new opportunities are unveiled.

And as I said, the results speak for themselves: The stock picks given out at the New Orleans Conference often multiply five, 10, even 20 or more times over after the event.

How reliable and profitable are these results?

Enough so that we can guarantee you'll quadruple your investment in the event ... or get your entire registration fee back.

The only way you can lose is not attend.

And there are plenty of reasons to come.

With our amazing agenda this year, coupled with the remarkable turn the markets have made in our favor, you're going to learn more, profit more, and just have more fun than you could anywhere else.

Don't cheat yourself -- click on the link below to learn why this year's New Orleans Conference is going to be the event of the decade:

http://neworleansconference.com/wp-content/uploads/2016/08/2016_Powell.h...

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Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 26-29, 2016
Hilton New Orleans Riverside
New Orleans, Louisiana
http://neworleansconference.com/wp-content/uploads/2016/08/2016_Powell.h...

Help GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://tinyurl.com/zr4tjuc

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

BIS flashes red alert for a banking crisis in China

Posted: 18 Sep 2016 07:00 AM PDT

By Ambrose Evans-Pritchard
The Telegraph, London
Sunday, September 18, 2016

China has failed to curb excesses in its credit system and faces mounting risks of a full-blown banking crisis, according to early warning indicators released by the world's top financial watchdog.

A key gauge of credit vulnerability is now three times over the danger threshold and has continued to deteriorate, despite pledges by Chinese premier Li Keqiang to wean the economy off debt-driven growth before it is too late.

The Bank for International Settlements warned in its quarterly report that China's "credit to GDP gap" has reached 30.1, the highest to date and in a different league altogether from any other major country tracked by the institution. It is also significantly higher than the scores in East Asia's speculative boom on 1997 or in the US subprime bubble before the Lehman crisis. ...

... For the remainder of the report:

http://www.telegraph.co.uk/business/2016/09/18/bis-flashes-red-alert-for...



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The Gold Mine Barrick Might Regret Having Sold


K92 Mining is poised for production at its Papua New Guinea gold project and has just listed on the Toronto Venture exchange under the symbol KNT.V.

The gold mining startup came together during one of the toughest periods in mining history.

K92's main asset is the Kainantu project, a large high-grade gold resource with extensive infrastructure including underground mine development, a mill processing facility, a fully permitted tailings pond, and paved roads. The infrastructure means K92 can aim to restart mining in the near term with minimal capital costs and seek to grow through cash-flow funded exploration on the roughly 405-square kilometer property, considered prospective for additional discoveries.

For more information, please visit:

https://ceo.ca/@tommy/the-gold-mine-barrick-might-regret-selling



Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 26-29, 2016
Hilton New Orleans Riverside
New Orleans, Louisiana
http://neworleansconference.com/wp-content/uploads/2016/08/2016_Powell.h...

Help GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://tinyurl.com/zr4tjuc

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

GATA secretary interviewed on Wesleyan University radio station

Posted: 18 Sep 2016 06:42 AM PDT

9:41a ET Sunday, September 18, 2016

Dear Friend of GATA and Gold:

Your secretary/treasurer was interviewed about gold market rigging by central banks for about an hour yesterday, with occasional musical relief, on John Way's "The Blue Cafe" program on WESU-FM88.1, the radio station of Wesleyan University in Middletown, Connecticut. The program has been archived at Soundcloud.com here:

https://soundcloud.com/johnlway/tbc017_chris-powell-gold-the-value-of-mo...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



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NewCastle Gold's New CEO, Gerald Panneton, Hits the Ground Running

By Tommy Humphreys
CEO.ca
Tuesday, September 6, 2016

Mining entrepreneur Gerald Panneton took a few years off after building one of Canada's largest gold miners, Detour Gold. He raced performance cars in his down time, and conducted due diligence on various mining assets to potentially back.

This summer, the geologist set his sights on NewCastle Gold (TSXV:NCA), owner of a past-producing gold mine in California with similarities to Detour Gold in its early days. ...

... For the remainder of the report:

https://ceo.ca/@tommy/new-newcastle-gold-ceo-gerald-panneton-hits-the-gr...



Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 26-29, 2016
Hilton New Orleans Riverside
New Orleans, Louisiana
http://neworleansconference.com/wp-content/uploads/2016/08/2016_Powell.h...

Help GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://tinyurl.com/zr4tjuc

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

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