US Markets Shaky & Gold Continuing to Move Higher
With the US markets down over 1% today Doc and I assess if this move is solely due to the actions of North Korea or if there is more to this selloff. The facts is that safe havens are getting a buy and PM stocks are really getting going today. It’s a good start to the busier trading time.
Click download link to listen on this device: Download Show
https://www.youtube.com/watch?v=nrwJSdlgzFo Peter Schiff tells it like it is in this interview with Joe Rogan, Bitcoin is going to money heaven while goldmoney .com, is the future. James Turk’s business which I believe was taken over by Bitgold is the real deal. DT
Allied Nevada – Valuation in Chapter 11 Bankruptcy – The Dangers of an Implicit Market Test
by Diane Lourdes Dick
Aug 15, 2017
Large corporate debtors typically include broad legal disclaimers in their financial disclosures to the bankruptcy court, such that the valuation estimates they offer in support of a proposed plan of reorganization are essentially meaningless. Some bankruptcy courts, however, discourage parties from litigating valuation; instead, they encourage them to negotiate, trusting that to the extent the debtor’s estimates are woefully out of sync, the bargaining process will cause the debtor to pursue a restructuring that rests upon a more accurate value estimation. Meanwhile, these same courts interpret a lack of viable challenges to the debtor’s valuation estimates as evidence of their accuracy: if the value of the debtor’s assets truly exceeded the amount of its liabilities, then large and powerful investors would enter the fray. But this so-called “Implicit Market Test” is deeply flawed.
This Article uses a timely case study—the Chapter 11 bankruptcy reorganization of Allied Nevada Gold Corp.—to demonstrate how these realities of modern commercial bankruptcy practice threaten to erode important safeguards in the Bankruptcy Code.
The full text of this Article is available…
https://illinoislawreview.org/print/vol-2017-no-4/valuation-in-chapter-11-bankruptcy/
NWO=EVIL…….
Adrian Day: Gold and Gold Stocks Remain Under-Owned and Under-Appreciated
by @PalisadeResearch on September 5, 2017
From OilPrice
The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S.-dollar denominated benchmarks by trading in yuan, Nikkei Asian Review reports.
The crude oil futures will be the first commodity contract in China open to foreign investment funds, trading houses, and oil firms. The circumvention of U.S. dollar trade could allow oil exporters such as Russia and Iran, for example, to bypass U.S. sanctions by trading in yuan, according to Nikkei Asian Review. To make the yuan-denominated contract more attractive, China plans the yuan to be fully convertible in gold on the Shanghai and Hong Kong exchanges.
Last month, the Shanghai Futures Exchange and its subsidiary Shanghai International Energy Exchange, INE, successfully completed four tests in production environment for the crude oil futures, and the exchange continues with preparatory works for the listing of crude oil futures, aiming for the launch by the end of this year. ?
“The rules of the global oil game may begin to change enormously,” Luke Gromen, founder of U.S.-based macroeconomic research company FFTT, told Nikkei Asia Review.
The yuan-denominated futures contract has been in the works for years, and after several delays, it looks like it may be launched this year. Some potential foreign traders have been worried that the contract would be priced in yuan.
Ira’s Metals
Hi Doc . Whats on you’re Buying Know ? Thank Man Nice you Back !
James, a lot of different stocks. GG, NGD, HMY, AUY, PGLC are some of the mid tiers I’ve been purchasing for some time.
Nice to see NGD back above 4 today! Big day for NSRPF, KLDX, Rye Patch, and MUX too.
Metanor Resources Drills 7.1 g/t Gold Over 8.2 Meters In Shear Zone At Barry Project
….. and then right next door to Metanor Resources…… Osisko gets out the big guns…
Osisko Mining Increases Drill Program At Windfall Lake To 800,000 Metres
MAP of the area play near Windfall Lake:
Here’s a more closeup MAP of Metanor’s Barry and Moss deposits in relation to Osisko’s Windfall lake.
https://www.juniorminingnetwork.com/images/news/August_2017/Metanor_Resources_8-28-2017.jpg
It is interesting how animated investors are about Bonterra, Beaufield, and Secova when Metanor is much closer to the action an on trend with the Windfall Lake discovery, and it rarely gets mentioned.
Also, unlike most of the explorers the Metanor is the only one in production and generating revenues.
It’s a bit puzzling……
It is also interesting how animated investors are about Kirkland Lake Gold’s position in Novo Resources today, but they didn’t bat an eye when KL invested in Metanor:
> NEW STRATEGIC INVESTOR FOR METANOR: KIRKLAND LAKE GOLD
Dolly Varden Silver Corp. – New Silver Discoveries in the Golden Triangle
by @Leni on September 5, 2017
https://ceo.ca/@Leni/dolly-varden-silver-corp-new-silver-discoveries-in-the-golden-triangle