John Rubino over at Dollar Collapse – Mon 2 Nov, 2020

Gold and Silver outlook depending on which way the election goes

John Rubino joins me to share his thoughts on how gold and silver will be impacted by who wins the US election. There are a couple different driving factors from each party.

Click here to visit John’s site – The Dollar Collapse.

View related posts on: , ,

Comments:
  1. On November 2, 2020 at 12:42 pm,
    cfs says:

    Of course Crazy Cortez could also ban all mining in the U.S.

  2. On November 2, 2020 at 1:20 pm,
    bonzo says:

    MRQRF was up 32% today so I sold and now have some cash to go shopping.
    Matthew, yesterday I acquired a Ruger SP101 .357 magnum to go with my SP101 .327 fed magnum and 4 fire extinguishers in case ANTIFA shows up at my house with Molotov cocktails.

    • On November 2, 2020 at 2:37 pm,
      blazesb says:

      What’s a fire extinguisher…an appendage to the gun? Just curious.

      • On November 2, 2020 at 3:07 pm,
        blazesb says:

        So a fire extinguisher is just a fire extinguisher the way sometimes a cigar is just a cigar?

    • On November 2, 2020 at 2:59 pm,
      Matthew says:

      Bonzo, the old .357 Mag probably still holds the top spot for one-shot stops (on people, not grizzlies 😉). Not bad for an 85-year-old design.
      Despite their low IQs, I bet antifa types will sense that they should avoid your hacienda altogether.

    • On November 2, 2020 at 3:04 pm,
      OOTB Jerry says:

      I bet the fire extinguishers are RED,……and a SIGN…. 🙂

      • On November 2, 2020 at 3:56 pm,
        bonzo says:

        Yes, they are red—a good omen.

    • On November 2, 2020 at 7:48 pm,
      Excelsior says:

      Bonzo – Monarch was up today on the takeover news by Yamana.

      I hold a nice position on Monarch (and fortuitously had added more to it on Oct 23), but have mixed feelings about this takeover, as I saw so much potential in MQR getting back into production with their mills and their solid pipeline of development projects.

      At least they are retaining some of their development pipeline by spinning out those assets into a new company before the Yamana merger.

      I was swamped all day and just now got to look at the markets and news for the day and saw it, and am happy to take the win, but felt the larger win on the trajectory Monarch was on just got gobbled up by Yamana. There are a number of other developers that don’t have such an easy path to production as Monarch does, that I would have rather seen acquired instead. Those developers actually
      need the Seniors to help them build out a mine/mill and so a ~40% premium on those would be a great liquidity event. This takeover is a bit bittersweet transaction, but a win is a win… There are plenty of other companies to add to positions in with these profits.

      _____________________________________________

      (MQR) (MRQRF) Monarch Gold Announces Friendly Acquisition Agreement With Yamana Gold

      by @newswire on 2 Nov 2020

      “Yamana will acquire the Wasamac property and the Camflo property and mill through the acquisition of all of the outstanding shares of Monarch (not already owned by Yamana) for total consideration of approximately C$200 million or C$0.63 per Monarch share on a fully diluted basis, under a plan of arrangement. The total consideration to be paid by Yamana to the shareholders of Monarch is approximately C$60.8 million in cash and C$91.2 million in Yamana shares. Under the plan of arrangement, Monarch will first complete a spin-out to its shareholders, through a newly-formed company (SpinCo) that will hold its other mineral properties and certain other assets and liabilities of Monarch, by issuing as consideration common shares of SpinCo having an implied value of approximately C$47.5 million.”

      https://ceo.ca/@newswire/monarch-gold-announces-friendly-acquisition-agreement

      • On November 2, 2020 at 7:53 pm,
        Excelsior says:

        > Transaction Terms

        Upon implementation of the plan of arrangement, the following assets and liabilities will be transferred by Monarch to SpinCo in consideration for the issuance of the SpinCo Shares to Monarch Shareholders:

        – The Beaufor mine, the McKenzie Break property, the Croinor Gold property, the Swanson property and the Beacon Gold mill and property (the “SpinCo Properties”);
        C$14 million cash;
        – All assets and liabilities related to the SpinCo Properties.

        >> Following the Spin-Out, each outstanding common share of Monarch will be exchanged for:

        – C$0.192 in cash from Yamana;
        – 0.0376 of a Yamana share (a value of C$0.288 based on the volume weighted average price of the Yamana shares on the TSX for the 20 trading days ending on October 30, 2020);
        – 0.20 of a SpinCo Share (with each full share having a value of C$0.75 per share)

  3. On November 2, 2020 at 1:57 pm,
    OOTB Jerry says:

    John………..is spot on……………jmo

    • On November 2, 2020 at 2:02 pm,
      OOTB Jerry says:

      spot on concerning gold…………

      • On November 2, 2020 at 2:07 pm,
        OOTB Jerry says:

        The entire political system is corrupt, and you better have the last man standing……GOLD….jmo

        • On November 2, 2020 at 2:32 pm,
          OOTB Jerry says:

          This is part of a political heads up……if you think BIDEN is going to win….
          (https://www.youtube.com/watch?v=OKQ5zw3BTT0

          • On November 2, 2020 at 2:42 pm,
            OOTB Jerry says:

            OOPS sorry…….I goofed….. 🙂

          • On November 2, 2020 at 5:43 pm,
            Bill says:

            WAAAAAHOOOOOO GO TRUMP!

  4. On November 2, 2020 at 7:08 pm,
    cfs says:

    The majority of Americans believe in the US Constitution, family values, and the rule of law. Unfortunately, forty years of neoliberal politics and academic indoctrination have spawned a movement of entitled, spoiled, social justice warriors (SJWs) claiming to be diverse, tolerant, accepting and inclusive. Once someone disagrees with these SJWs’ ideological viewpoints, the SJWs become violent, intolerant fascists.

    from
    sgtreport.com
    who also has comments on bitcoin

  5. On November 2, 2020 at 9:22 pm,
    buzz says:

    Cool. In a Grateful Dead sort of way, what goes around comes around__

  6. On November 2, 2020 at 11:12 pm,
    markedtofuture says:

    Europe is moving full speed ahead to cancel all outstanding paper money and move to a digital euro. They are doing this to force all money back into the banks and to end the hoarding of cash. I strongly recommend anyone looking to keep cash around swap to the US dollar ASAP.

    Our model projected a major shift in the euro by 2021. This is precisely on target. They will also be able to enforce their negative interest rates, but they are hoping that this will be a cash injection into the banks so they need not have to deal with any bailouts.

    https://www.armstrongeconomics.com/markets-by-sector/foreign-exchange/euro/europe-preparing-to-cancel-all-paper-money/