Fed talks cryptos

https://www.federalreserve.gov/newsevents/speech/quarles20171130a.htm

Out of interest, what were the Black Friday and Cyber Monday sales like in the US and in Canada?

Here in the UK we were initially told, as always, that they were a huge success but now later figures coming out seem to indicate that consumers are slowing down their spending and hoarding cash going into Christmas.

http://www.zerohedge.com/news/2017-11-30/cryptos-are-crashing-again

Taking Stock……….
http://www.zerohedge.com/news/2017-11-30/stockman-bitcoin-poster-boy-unhinged-financial-system

Truth bombs……………are coming like a hail storm on many msm, and hollywood….
and congress….CLEANING THE SWAMP

Doc, with the current pressure on gold and silver do you expect the levels to get down to 1220 for gold and 16 for silver and stay in that range for the next several months? Then perhaps, as you have been saying the latter part of 2018 may be the time for the metals to begin their rise.

Gary S…………..on Bubble in Bit……….
https://blog.smartmoneytrackerpremium.com/

How come whenever they show a picture of a bitcoin (which does not exist physically) they make it look like a gold coin? HMMM, maybe that is because gold is real money and bitcoin is a fiat fantasy!

California Safe Haven For Gun Toting Illegal Immigrants

In Shocking Verdict, San Francisco Jury Acquits “Kate’s Law”-Victim’s Killer

In a verdict that has shocked many in the Bay Area (and across America), a jury of six men and six women in sanctuary city San Francisco found illegal immigrant (and five-time deportee) Jose Ines Garcia Zarate not guilty in the death of Kate Steinle.

http://www.zerohedge.com/news/2017-11-30/shocking-verdict-san-francisco-jury-acquits-kates-law-vic

The nasdaq:gold ratio has reached an interesting juncture. Of the past 40 years, it has only spent about 4.5 years of that this high, around the 2000 tech bubble peak.

With the markets at a P/E ratio of 24+ (according to David Stockman, I’m not sure which measure he is using), and Gold still in the early recovery phase after the cyclical bear 2011-2015, the mid/long-term odds seem clear.

The housing index $HGX has gone parabolic, and its RSI is the most overbought it has been in its 15 year history.

http://stockcharts.com/h-sc/ui?s=%24HGX&p=W&yr=20&mn=0&dy=0&id=p46606857972&a=513592393

Orefinders Announces a Transformational Acquisition and Consolidation of Shining Tree District
by @newswire on November 30, 2017

“Orefinders Resources Inc. (ORX)(ORFDF) is pleased to announce that it has entered into agreements for a series of three acquisitions of contiguous properties from two individual landholders and from Premet Inc., a private company. All properties are in the Abitibi’s Shining Tree district of Ontario. All of the patented leases and mining claims comprising these three acquisitions will be 100% owned by Orefinders and are adjacent to Tahoe Resources Inc.’s Juby Gold Project.”

“”The Orefinders team has been working on this complex transaction for some time now. It has involved numerous properties and multiple vendors to bring a fragmented area into a cohesive land package of which Orefinders now owns 100%. The core assets are all contiguous, gold focused properties, which have had a significant amount of work completed by previous owners. In addition to these core gold assets, we also acquired the Mann-Bartlett Mines which are former producing Cobalt / Silver Mines but not a current focus for Orefinders. Given the recent popularity of Cobalt metal, we’ve had significant interest to vend or join venture these assets,” said Stephen Stewart, CEO of Orefinders. He continued, “With the Mirado Project and its Preliminary Economic Assessment expected to be completed very soon, we felt that combining these two groups of assets into a single vehicle would create further value for stakeholders. We think that the outstanding gold intersections we’ve seen on the former Minto Mine and Duggan Mine, together with the mining infrastructure in place on the Tyrenite property, create a value proposition for our shareholders and we are confident about the Company’s future prospects.”

https://ceo.ca/@newswire/orefinders-announces-a-transformational-acquisition

The Canadian dollar is acting very well…

http://stockcharts.com/h-sc/ui?s=%24CDW&p=D&yr=0&mn=7&dy=0&id=p80896542873

The miners continue to find support where they “should”…

http://stockcharts.com/h-sc/ui?s=%24XAU&p=D&yr=1&mn=4&dy=0&id=p40442314418&a=549357868

not much talk fo gold and silver quite the dead market