Precious Metals Looking Good But Is A Break Out Around The Corner?
Gold continues to hang around the $1,270 level and sentiment indicators have shifted more positive. Jordan Roy-Byrne joins me to outline the technical levels he is watching plus what he thinks will impact the price in the short term. The dollar will play a roll but it all comes down to time frame when you think the true breakout will come.
Click here to visit Jordan’s website for more metals focused commentary.
Click download link to listen on this device: Download Show
Bankers are destroying people and the world !
From fundamental priciples, the dollar looks like it will continue its decline.
With the low price of oil we are seeing significant sales from the Middle East and Russia NOT in dollars, but other currencies.
This appears to be the beginning of the end of the petrodollar.
China also continues to divest US Treasuries.
Unless the oil price rises significantly, which I would NOT expect, this trend of a slowly declining dollar will continue.
The petrodollar has been on life support for the last couple of years, its just a matter of time before the non american “DOCTORS” pull the plug.
Craig Paul Roberts a good listen to at usawatchdog…………..
Seymour Hersh is a Pulitzer prize winning journalist says Seth Rich leaked a drop box to wikileaks.
Seth Rich Investigator Accusations Debunked By Own Interviews As Seymour Hersh Leak Kills Russia Story
Yesterday, a private investigator in the Seth Rich murder case hired by the family of the slain DNC staffer filed a lawsuit against Fox5 news and GOP financier Ed Butowsky for misrepresenting statements he made in order to”shift the blame from Russia and help put to bed speculation that President Trump colluded with Russia…” because “that is the way the President wanted the article,” the suit alleges.
The plaintiff, former D.C. Police detective Rod Wheeler, also asserts that the Trump administration was directly involved with the story. Butowsky, who paid for Wheeler’s investigation on behalf of the Rich family, arranged a sit-down meeting with former Press Secretary Sean Spicer to brief him on Wheeler’s findings. While Spicer acknowledges the meeting, he told NPR that he only agreed to it as a favor, and he wasn’t aware of any Trump involvement in the Fox5 article.
Butowsky later boasted to Wheeler that President Trump had personally reviewed the Fox story prior to publication – a statement he now says was a joke.
Both Wheeler and Sy Hersh playing CYA and being less than forthright. Maybe they fear getting ‘Clintoned’ too.
Clintons are going for 100 persons……..
Bonanza for Yukon mining exploration as spending doubles
2017 exploration season shaping up to the busiest in 6 years
Nancy Thomson – 10 Hours Ago
“Scott Casselman, head of mineral services with the Yukon Geological Survey (YGS), says strong base metal prices, combined with significant interest from major gold companies, has spurred activity this year.
“What we’ve seen this year is a noticeable uptick in the amount of investment in mineral exploration in the territory,” he said.
“We’re probably looking at about double what it was last year. We’re looking at almost $100 million in exploration expenditures and I think the number was about $20 million in development expenditures, for a total of $120 million this year.
“That compares to $57 million in 2016.”
Casselman says major gold mining companies have partnered with junior companies, and that got the ball rolling.
“When something like that occurs, of course, others take note, their ears perk up. So we’ve seen a number of other companies come in on the heels of the major mining companies.”
Casselman says all the indicators point to the interest continuing into the 2018 exploration season, with the price of zinc climbing steadily. He says copper prices are also rising.
“With the amount of money being invested this year, I would expect that we’re going to hear some good news when the season rolls down and companies start announcing their results. And if we do get good news, then that could prod companies to loosen their wallets a little bit more for next year.”
https://www-cbc-ca.cdn.ampproject.org/c/www.cbc.ca/amp/1.4231355
Sprott Inc. has successfully closed the previously announced sale of its Canadian diversified asset management contracts to a management-led group.
“With the completion of this sale, Sprott is now focused on delivering investment excellence and building the leading global asset manager in our core natural resource areas,” said Peter Grosskopf, chief executive officer of Sprott. “This transaction further strengthens our balance sheet and positions us well to support our existing client base while pursuing the addition of new strategies in synergistic areas.”
Sprott highlights:
A focused organization with deep and global expertise in precious metals, natural resources and real assets;
Highly scalable exchange-listed products business;
Recently signed commitments for a new $750-million institutional private resource lending limited partnership;
Industry-leading precious metals and private resource investment teams;
A recently launched resource-focused merchant bank business.