Gold Stocks Predicting a Fed Rate Cut In July
Following up on my last call with Jordan Roy-Byrne, Founder of The Daily Gold we discussed how gold stocks start moving 1-2 months before the first Fed rate cut happens. This recent bounce in the larger gold stocks especially are another market warning of an upcoming Fed rate cut.
Click here to visit Jordan’s website for more metals technical commentary.
Hey SD, I have reached out to Dan. Hopefully we can set something up for next week! It has been a while so thanks for the comment.
Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce that it has kicked off the exploration program at its Thorn project located in Northwest British Columbia
http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20190606:nGNXbffbc
Scorpio Gold Corporation (“Scorpio Gold” or the “Company”) (TSX-V: SGN) is pleased to announce the commencement of drilling at its 100% owned Goldwedge property located in Manhattan Nevada
http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20190606:nGNX66ZpvN
Interesting……..What do you think about this…….good or bad or neutral ….thanks
Grant of Stock Options
The Company announces the granting of stock options (the “Options”) to certain directors, officers, and employees of the Company to purchase an aggregate of 2,500,000 common shares (the “Optioned Shares”) of the Company at an exercise price of $0.10 per Optioned Share, expiring on the date that is 5 years from the date of grant. The Options were issued pursuant to the terms of the Company’s stock option plan.
It would have been better if they were way “out of the money” but I’m ok with it. I’ve seen far worse.
Thanks…..for the reply…..ootbank J
Very interesting discussion on the oil numbers and how inaccurate they have become…anyone here ever work with the oil numbers (inventory, production, etc.)?
Got a laugh when they said they work off template spreadsheets…if they can’t get the numbers in on time just clone the last one!
SCAM………everything has become a scam…..Oil is the biggest scam of them all…
Should have been oil independent in the 70’s….or before….even Ford invented (1909?)an engine that operated on something besides oil(gas)…
Public sheeple are so stupid ……like taking about a fraud fed all the time….
Here’s an interesting chart of gold versus the monetary base. It looks like gold might soon retrace its 2013 collapse.
https://hubertmoolman.files.wordpress.com/2019/06/gold-mon-base-short-term.png?w=700
interesting………from the article…..
This was confirmed later by Roosevelt when he justified Gold Reserve Act 1934 by saying that, “Since there was not enough gold to pay all holders of gold obligations, .
NOTICE THE WORD NOT ENOUGH to pay the HOLDERS….and just who would that be…???
It really should be clear that a major international banking crisis is inevitable, and likely to occur fairly soon. Due to the extreme debt levels, many banks are close to that point of failure.
An event like a stock market crash is likely to push many banks to that point of failure, since the pressure it would create (on cash resources), would expose their inability to fulfill their obligations.
Cash (not bank credits/digits) is still the means by which banks have to settle liabilities and obligations (especially amongst each other). If a bank goes down, it will be due to the lack of cash (not bank credits/digits). It is for this reason that there is a campaign to ban cash (for the general public) or limit the use of it.
The banks are in competition for the available cash resources, and they do not want you to be an obstacle. This is similar to what happened during the Great Depression (1933) when gold was confiscated. Then, banks proved their solvency with gold; therefore, the general public was prevented from competing for the limited amount of gold resources.
The damn sheeple were too stupid to revolt as they should have. Of course, idiots everywhere believe to this day that he was a great president.
They like their dimes……worth…. lol
It would be great if the miners could keep up this strength into next week. That way, when the deep pullback comes, today’s level could be the floor. Keeping dumb money out as long as possible is the key to a healthy bull market.
https://stockcharts.com/h-sc/ui?s=%24GDM&p=D&yr=1&mn=2&dy=0&id=p28829384815&a=577249153
Thanks Cory. I liked what Jordan had to say. Also, remember Dan Oliver? You used to feature him occasionally. Here’s his latest from Kitco. https://www.kitco.com/news/video/show/121-Mining-Investment/2426/2019-06-05/$3000-Gold-Price—Popular-Guest-Back-And-Doubles-Down-On-Call#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3D121-Mining-Investment