Category Archives: Precious Metals

RIVERSIDE Stakes New Concession in Sonora and Samples High-Grade Gold

 

VANCOUVER, British Columbia, March 21, 2019 (GLOBE NEWSWIRE) — Riverside Resources Inc. (“Riverside” or the “Company”) (RRI.V) (RVSDF) (R99.F) is pleased to report initial results from the Company’s first-phase exploration program at the recently staked Sandy Project (the “Project”) located in northwestern Sonora, Mexico. Riverside continues to leverage its knowledge and experience in NW Mexico to cost-effectively acquire new prospective concessions with strong potential for new discoveries.

Riverside geologists have completed near surface sampling, mapping and geophysics to work up initial target areas at the Project. Riverside’s exploration team is targeting intrusion related and orogenic gold mineralization hosted by altered granite and linked with large structures adjacent to gneiss bedrock.

Riverside’s President and CEO, John-Mark Staude, stated: “The Sandy Project was a project the Company staked over a prospective area known to us from our past work in Sonora. We are pleased with the results from our first pass on the Sandy Project. Gold appears associated with large structures, intrusions and is an exciting potential step in the geologic deposit modeling for Sonora. We plan to follow up these positive results with some mapping and more sampling in 2019.”

The sampling done to date by Riverside has been concentrated on two areas in the center of the project with past historical mine workings (see Figure 1 below) associated with felsic intrusive stock and gneiss. A sample from one of these old workings returned 38.8 g/t Au. Chip channel samples of 1.5 meter in length returned gold results of 9.3 g/t, 4.7 g/t and 3.7 g/t Au. A total of 71 samples have been analyzed so far and further work at Sandy is anticipated to continue to define the structural nature and intrusion association to the gold.

Figure 1: Sandy Gold Target Areas and Geochemical Results.

Higher gold grades appear to be associated with intersecting structures within strongly foliated granitic intrusive bedrock. Primary structures strike NW-SE and dip between 40 and 70 degrees to the east in a general structural character with similar orientation and style to some of the shear zone gold mines in the region. Other smaller faults are noted striking roughly north-south and dipping steeply to the east which cut the main shear zone and could possibly hide extensive expansions of the gold system under shallow cover. The cross structures have been intruded by mafic dikes that show pervasive propylitic alteration indicating potential deeper intrusion related gold mineralization. The highest-grade gold material was found associated with a set of variously dipping felsic dikes which could be associated with the intrusive system. Silicification and minor quartz veining is noted associated with the structures and with through-going vein mineralization. The wall rock associated with these structures often shows sericitic and silica alteration.

Of note while visiting the property are the vast placer-gold workings immediately north of the project area. The source of the placer gold has not been determined and may be derived from intrusive bedrock within the Sandy project.

As can be seen in the district summary map (see Figure 1 above), the Riverside rock-chip samples confirm the existence of gold mineralization within the central part of the Company’s concession.

Click here to see the Sandy Project page on Riverside’s website.

Qualified Person & QA/QC:

The scientific and technical data contained in this news release pertaining to the Sandy Project was reviewed and approved by Freeman Smith, P.Geo, a non-independent qualified person to Riverside Resources, who is responsible for ensuring that the geologic information provided in this news release is accurate and who acts as a “qualified person” under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

The rock chip samples collected by Riverside’s field crew at the Sandy Project were taken from 4 main showings on the western slopes of the property, with most individual samples consisting of composites of bedrock fragments hammer-chipped from 0.5 and 1.5-metre-long intervals across rock faces showing evidence of alteration and silicification. The highest-grade sample which assayed 38.8 g/t Au was a select grab sample of loose rock found within a small underground working which are believed to date back to the 1960’s. The one grab sample is not representative of the mineralization that was chip-sampled from actual outcrops, however, they do support Riverside’s view that the Sandy property has excellent potential for the discovery of intrusion-related gold and silver mineralization. All of Riverside’s rock samples were analyzed at the Hermosillo and Vancouver laboratories of Bureau Veritas where gold content was determined by fire assaying with atomic adsorption finish and ICP-mass spectrometry was used to analyze for 45 other elements. For quality control purposes, three standard samples were included with the batch of 71 field samples.

About Riverside Resources Inc.:

Riverside is an exploration company driven by value generation and discovery. The company has fewer than 65M shares issued and a strong portfolio of gold-silver and copper assets in North America. Riverside has extensive experience and knowledge operating in Mexico and leverages its large database to generate a portfolio of prospective mineral properties. In addition to Riverside’s own exploration spending, the Company also strives to diversify risk by securing joint-venture and spin-out partnerships to advance multiple assets simultaneously and create more chances for discovery. Riverside has additional properties available for option, with more information available on the Company’s website at www.rivres.com.

ON BEHALF OF RIVERSIDE RESOURCES INC.

“John-Mark Staude”

Dr. John-Mark Staude, President & CEO

For additional information contact:
John-Mark Staude Raffi Elmajian
President, CEO Corporate Communications
Riverside Resources Inc. Riverside Resources Inc.
info@rivres.com relmajian@rivres.com
Phone: (778) 327-6671 Phone: (778) 327-6671
Fax: (778) 327-6675 TF: (877) RIV-RES1
Web: www.rivres.com Web: www.rivres.com

Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward-looking terminology (e.g., “expect”,” estimates”, “intends”, “anticipates”, “believes”, “plans”). Such information involves known and unknown risks — including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

RISE GOLD Intersects 90 gpt Gold Over 4.3 meters at Idaho-Maryland

New drill intercept in Idaho Vein assays 90.4 gpt gold / 4.27 m (2.6 oz per ton / 14.0 ft)New drill intercept includes 458 gpt gold over 0.81 m (13.4 oz per ton / 2.7 ft) Additional drilling targeting Idaho #1 Vein currently in progressMultiple 52 Vein intersections assayed up to 15.4 gpt gold over 1.63 m (0.45 opt / 5.3 ft)A shallow vein near surface assayed 8.5 gpt gold over 2.88 m (0.25 opt / 9.4 ft)

Vancouver, British Columbia–(Newsfile Corp. – March 19, 2019) – Rise Gold Corp. (CSE: RISE) (OTCQB: RYES) (the “Company“) is pleased to announce additional assay results from on-going diamond core drilling at the Idaho-Maryland (“I-M”) Gold Project.

The exploration drill program at the Idaho-Maryland continues to be successful. Recent drilling intersected the Idaho #1 Vein below historic mining areas and intersected the 52 Vein area prior to reaching the Idaho #1 Vein target. A shallow vein was also intersected at 259 m.

TABLE 1 – New Drill Hole Intercept Highlights

Hole
From (m)
To (m)
Gold
(gpt)
Intercept
Length
(m)*
Vein
Idaho #1 Vein
I-18-11
1381.86
1384.33
3.6
2.47
Idaho #1
I-19-13
1007.97
1013.09
5.5
5.12
Idaho #1
I-19-13A
1005.31
1009.57
90.4
4.27
Idaho # 1
Including
1008.77
1009.57
458.0
0.81
Near Surface
I-18-11
259.16
262.04
8.5
2.88
?
Including
261.14
262.04
18.8
0.90
52 Vein Area
I-18-11
975.50
976.70
19.2
1.20
52
I-18-11
992.25
993.88
15.4
1.63
52
Including
992.70
993.22
35.6
0.52
I-18-11
1046.17
1052.58
3.9
6.42
52
I-18-11
1142.33
1144.08
5.4
1.75
52
I-18-12
950.50
960.49
2.6
9.98
52

*The Company is not able to estimate true widths for the intersected mineralization until further drilling is completed.

Very high-grade gold mineralization was encountered in drill hole I-19-13A which assayed 90.4 gpt gold over 4.27 m (2.6 oz per ton / 14 feet). Rise Gold has interpreted this intercept to represent a significant down-dip extension of the historic Idaho #1 Vein. The intercept in I-19-13A is near the elevation of the lowest haulage level of the mine accessed by the existing vertical mine shaft.

FIGURE 1 – Visible Gold in Drill Intercept I-19-13A (in retained half core)

Cannot view this image? Visit: https://media.zenfs.com/en-us/newsfile_64/eed21ca200e9ddb32b03302bbbe65f0d
Cannot view this image? Visit: https://media.zenfs.com/en-us/newsfile_64/eed21ca200e9ddb32b03302bbbe65f0d

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2255/43502_b873fb6414782965_002full.jpg

The Idaho #1 Vein was the most productive and highest-grade vein of the I-M Mine. Historic production from the Idaho #1 Vein is estimated at 935,000 oz of gold with an average head grade of 38.7 gpt (1.12 opt) gold. Total historic production from the Idaho Veins is estimated at 1,621,000 oz of gold with an average head grade of 28.4 gpt (0.74 opt) gold.

Idaho #1 Vein Drilling

The mineralized intercepts in drill holes I-19-13 and I-19-13A consist of a quartz shear vein and extensive zones of quartz-sericite-pyrite alteration in the walls of the vein.

  • Drill hole I-19-13A was wedged from drill hole I-19-13 and the holes are offset approx. 1.5 meters apart at the vein intersection
  • The vein in I-19-13 assayed 5.5 gpt gold over 5.12 m (0.16 opt / 16.8 ft)
  • The vein in I-19-13A assayed 90.4 gpt gold over 4.27 m (2.64 opt / 14.0 ft)
  • The weighted average of both holes is 44.1 gpt gold over 4.69m (1.29 opt / 15.4 ft)
  • I-19-13A includes a sample which assayed 458 gpt gold over 0.84 m (13.36 opt / 2.7 ft)
  • The vein in I-19-13A contains coarse visible gold in some samples of retained half core
  • A 40 m wide zone of alteration surrounds the vein with an average grade of ~1.5 gpt gold and individual samples assaying up to 12 gpt gold

Drill hole I-18-11 intersected the Idaho #1 Vein approx. 525 m along strike to the north-west and 200 m below I-19-13A. The intercept consists of a quartz shear vein and extensive zones of quartz-sericite-pyrite alteration in the walls of the vein.

  • The vein in I-18-11 assayed 3.6 gpt gold over 2.47 m (0.11 opt / 8.1 ft)
  • A 100 m wide zone of alteration surrounds the vein with an average grade of ~1.1 gpt gold and individual samples assaying up to 8 gpt gold
  • Additional drilling in the area of I-18-11 may reveal coarse gold similar to I-19-13A

Drill hole I-18-13A and I-18-11 are located 120 m and 320 m vertically below the I2400 level, the lowest level of exploration on the Idaho #1 Vein. Historic drifts were driven from each end of the vein and reported to be in gold mineralization at the time the mine was shut down.

  • I2400L West: historic channel samples of the vein and wallrock averaged 19.9 gpt gold over 1.93 m (0.58 opt / 6.4 ft) for a distance of 165 m to the final shutdown face
  • Channel samples include assays up to 481 gpt gold over 1.16 m (14.0 opt / 3.8 ft)
  • I2400L East: drifting in the Idaho #1 Vein was reported to be “well mineralized” over a distance of 76 m to the final shutdown face

Drill hole I-18-12 was designed to test the down-dip extension of the mineralization encountered in I-18-11 but significantly deviated and did not reach the intended Idaho #1 Vein target.

Rise Gold is currently drilling the Idaho #1 Vein target between I-19-13A and I-18-11 and utilizing directional drilling to improve the accuracy of drilling and expedite the next intercepts.

A summary of drill hole assay results from recent exploration diamond drilling on the Idaho #1 Vein target are presented in Table 1 and illustrated in Figure 2. A photo of coarse visible gold in drill hole I-19-13A is displayed in Figure 1.

The Isometric drawing (Figure 2) showing the recent drill hole intercepts in the Idaho area can be downloaded from the following link.

https://riseg.sharefile.com/d-s8bc52c537474e41a

FIGURE 2 – Idaho Vein Intercepts – Isometric View

Cannot view this image? Visit: https://media.zenfs.com/en-us/newsfile_64/49d5152bcf6ca4b4db89aa4ff96fcefa
Cannot view this image? Visit: https://media.zenfs.com/en-us/newsfile_64/49d5152bcf6ca4b4db89aa4ff96fcefa

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/2255/43502_b873fb6414782965_003full.jpg


52 Vein Area Drilling

Drill holes I-18-11 and I-18-12 drilled though the 52 Vein area en route to the Idaho #1 Vein target.

Important gold mineralization related to the 52 Vein was intersected in drill holes I-18-11 & I-18-12. The 52 Vein intercepts are located approximately 242 m and 125 m north-east of the previous drill intercept in drill hole I-18-10.

A similar style of mineralization to I-18-10 was encountered with a wide flat lying shear vein and high-grade extensional veins in the walls of vein.

Drill hole I-18-10 assayed 149.3 gpt gold over 6.8 m, including 2,190 gpt gold over 0.47 m and was previously reported by news release on Dec 13th 2018.

https://www.risegoldcorp.com/uploads/content/Dec13RiseGoldIntersects149gptgoldover6.8metersatIdahoMaryland.pdf

The current drill program is focussed on the Idaho #1 Vein target and therefore the 52 Vein intercepts are incidental to the Idaho #1 Vein drilling. The 52 Vein represents a large and compelling target for a focussed drilling program in the future.

A summary of drill hole assay results from recent exploration diamond drilling on the 52 Vein target are presented in Table 1 and illustrated in Figure 3.

FIGURE 3 – 52 Vein Intercepts – Plan View

Cannot view this image? Visit: https://media.zenfs.com/en-us/newsfile_64/401c4b4a686e20d6fca42f6abe4b4cc3
Cannot view this image? Visit: https://media.zenfs.com/en-us/newsfile_64/401c4b4a686e20d6fca42f6abe4b4cc3

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/2255/43502_b873fb6414782965_004full.jpg


Quality Control and Assay Methods

Richard Lippoth, M.Sc, CPG, the qualified person for the exploration drill results disclosure contained in this news release, has studied the drill core discussed in this news release and has reviewed the analytical and quality control results. Mr. Lippoth has reviewed and approved the scientific and technical contents of this news release.

Benjamin Mossman, P.Eng, CEO of Rise Gold, is the qualified person for the historic production disclosure contained in this news release. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.

Rise has implemented a quality control program for its drill program to ensure best practice in the sampling and analysis of the drill core. This includes the insertion of blind blanks, duplicates and certified standards. HQ- and NQ-sized drill core is saw cut with half of the drill core sampled at intervals based on geological criteria including lithology, visual mineralization, and alteration. The remaining half of the core is stored on-site at the Company’s warehouse in Grass Valley, California. Drill core samples are transported in sealed bags to ALS Minerals analytical assay lab in Reno, Nevada.

All gold assays were obtained using a method of screen fire assaying. This procedure involves screening a large pulverized sample of up to 1 kg at 100 microns. Any +100 micron material remaining on the screen is retained and analyzed in its entirety by fire assay with gravimetric finish and reported as the Au (+) fraction result. The -100 micron fraction is homogenized and two sub-samples of 30-50 grams are analyzed by fire assay with AAS finish. If the grade of the material exceeds 10 gpt the sample is re-assayed using a gravimetric finish. The average of the two results is taken and reported as the Au (-) fraction result. All three values are used in calculating the combined gold content of the plus and minus fractions.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is a past producing gold mine with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
Suite 650, 669 Howe Street
Vancouver, BC V6C 0B4
T: 604.260.4577
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

Corporate Logo
Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43502

RIVERSIDE RESOURCES Inc. Closes $2.8 Million Private Placement

THIS NEWS RELEASE IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

VANCOUVER, British Columbia, March 19, 2019 (GLOBE NEWSWIRE) — Riverside Resources Inc. (“Riverside” or the “Company”) (RRI.V) is pleased to announce it has closed its previously announced private placement. The placement was over-subscribed and the Company issued 17,488,875 units at a price of $0.16 per unit for gross proceeds of $2,798,220 instead of the 9,375,000 units ($1,500,000) originally contemplated.

Each unit consists of one common share and one whole common share purchase warrant (“Unit”). Each common share purchase warrant is exercisable into one common share for a period of two (2) years from closing at a price of $0.22 (“Warrant”). If, at any time after July 20, 2019, the closing price of the common shares on the TSX Venture Exchange (“TSX-V”) trades at a VWAP equal or greater than $0.45 for 10 consecutive trading days, the Company may accelerate the expiry date of the Warrants by disseminating a press release announcing the new expiry date whereupon the Warrants will expire on the 30th trading day after the date on which such press release is disseminated.

Management and insiders subscribed for 845,000 Units for $135,200 in total proceeds to the Company.

With respect to a portion of the funds raised in the private placement, the Company paid finders’ fees of $87,312 to Sprott Global Resource Investments Ltd., $20,076.80 and 12,000 Units to Haywood Securities Inc., 16,000 Units to Canaccord Genuity, and  $1,280 to PI Financial Corp.

All securities issued pursuant to the private placement and as finders’ fees will be subject to a four-month hold period expiring on July 20, 2019.

The Company will use the proceeds of the financing to fund a focused drill program at the Cecilia Gold Project, additional project acquisitions and further target refinement on existing projects to advance towards new partnerships.

The securities being offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons without United States federal and state registration or an applicable exemption from registration requirements.

About Riverside Resources Inc.:
Riverside is an exploration company driven by value generation and discovery. The company has fewer than 65M shares issued and a strong portfolio of gold-silver and copper assets in North America. Riverside has extensive experience and knowledge operating in Mexico and leverages its large database to generate a portfolio of prospective mineral properties. In addition to Riverside’s own exploration spending, the Company also strives to diversify risk by securing joint-venture and spin-out partnerships to advance multiple assets simultaneously and create more chances for discovery. Riverside has additional properties available for option, with more information available on the Company’s website at www.rivres.com.

ON BEHALF OF RIVERSIDE RESOURCES INC.

“John-Mark Staude”

Dr. John-Mark Staude, President & CEO

For additional information contact:

John-Mark Staude
President, CEO
Riverside Resources Inc.
info@rivres.com
Phone:  (778) 327-6671
Fax:  (778) 327-6675
Web:  www.rivres.com
Raffi Elmajian
Corporate Communications
Riverside Resources Inc.
relmajian@rivres.com
Phone: (778) 327-6671
TF: (877) RIV-RES1
Web: www.rivres.com

Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward-looking terminology (e.g., “expect”,” estimates”, “intends”, “anticipates”, “believes”, “plans”). Such information involves known and unknown risks — including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Federal Reserve Fireworks This Wednesday According to Q?

Federal Reserve Fireworks This Wednesday According to Q?

After watching Federal Reserve chairman Jerome Powell change his tone in regards to Fed tightening over the last few months, the financial markets are largely expecting no action out of the central bank on Wednesday.

Although one potential wild-card has emerged, that could possibly make this week’s meetings one of the more memorable ones in recent times.

Certainly after watching the way the stock market started to really run into trouble last fall as interest rates were rising, it was hardly surprising to see the reversal by Powell and the Fed.

President Donald Trump even joined the action by criticizing the Fed for raising rates too quickly. Even though we’re a decade after the last crisis, and the Fed funds rate is still only at 2.5%.

Which is in direct contradiction to the notion that both Trump and the Fed have attempted to promote of the economy being strong and healthy. Because if that’s the case, why isn’t it time to normalize the rates and balance sheet yet?

However we live in a world where bankers and politicians don’t always do as they say, and don’t always say what they truly mean. During Trump’s election campaign he was talking about a gold standard, auditing the Fed, and how the stock market was a bubble. Now he’s done a 180 since then, and it’s a bit of a mystery what many of the key players might actually be thinking and planning.

Which is even more interesting now with the growing attention centered around the internet voice known as Q (or Qanon). Who many believe is a source of intelligence coming from within the White House.

To be clear, I am happy to admit that while I have been following the story, I am still discerning how much confidence I feel in the veracity of the posts. Yet with that said, I continue to hear from intelligent analysts who I trust and respect who have been completely won over and believe the messages are legitimate.

Which makes Q post 2575 rather intriguing. Especially ahead of this week’s Federal Reserve meeting.


(image courtesy of qanon.pub)

Whether this will manifest on Wednesday will be darn fascinating to watch. I have one reader who suggested to me that a 50-basis point hike may be coming this week. Which if that were to occur, especially given the context, would represent one of the more stunning events I can remember in financial history.

As not only would it serve as a confirmation of the messages Q has been sending, but also of the battle going on behind the scenes that many analysts and commentators have been talking about since before Trump took office.

Such a hike would also be significant in that it would be an indication towards the Fed really being prepared to let the bubbles pop. Which I was not sure they would ever really do, although if there is a 25-basis point hike, let alone a 50-basis point increase, the stock market conditions witnessed back in September and October could well end up looking like an appetizer compared to what would come next.

If nothing else, you can never argue that what’s going on is not more interesting than your average TV show. As Trump has essentially created the most fascinating reality show ever out of the Oval Office of the White House. And perhaps even regardless of what the Fed does this week, seeing how these bubbles are ultimately deflated will be some of the most stunning financial history the world has ever witnessed.

On Wednesday we get the next clue on how that path ultimately unfolds.
Chris Marcus

Arcadia Economics
“Helping You Thrive While We Watch The Dollar Die”
www.ArcadiaEconomics.com

MILES FRANKLIN Laws of Investing

Laws of Investing
Miles Franklin sponsored this article by Gary Christenson. The opinions are his.
Lance Roberts listed James Montier’s 7-Immutable Laws of Investing. They are:
  1. Always insist on a margin of safety.
  2. This time is never different.
  3. Be patient and wait for the fat pitch.
  4. Be contrarian.
  5. Risk is the permanent loss of capital, never a number.
  6. Be leery of leverage.
  7. Never invest in something you don’t understand.
Those sensible rules apply to gold and silver.
ALWAYS INSIST ON A MARGIN OF SAFETY: Don’t buy gold or silver on margin. Always take physical possession personally or in non-bank storage vaults. Trust that governments and the banking cartel will drive nominal prices far higher as they devalue currencies.
Problem: The gold and silver paper markets (COMEX and LBMA) are managed markets. The managers are incented to maintain low prices. This will change. I believe prices will rise, slowly and then rapidly in 2019 and 2020.
THIS TIME IS NEVER DIFFERENT: The banking cartel will “print” fiat currency units until they can’t. Governments will spend in excess of revenues until they can’t. The only question is how rapidly fiat currency units fall in value.
BE PATIENT AND WAIT FOR THE FAT PITCH. Trust the banking cartel to push fiat currency units lower and gold and silver prices higher. Central banks (not the Fed) are buying gold. Individuals should buy gold and silver.
BE CONTRARIAN: When others proclaim gold and silver are dead, then buy. When gold or silver prices have increased by a factor of five or ten, reconsider the risk and reward profile.
RISK IS THE PERMANENT LOSS OF CAPITAL, NEVER A NUMBER: Gold and silver coins and bars will always stay valuable. There is risk of permanent loss of capital with COMEX paper gold and silver, buying on margin, or trusting banks to hold your metals. Minimize risk!
BE LEERY OF LEVERAGE: The COMEX creates leverage with paper gold and silver contracts. Assets can disappear but debt remains.
NEVER INVEST IN SOMETHING YOU DON’T UNDERSTAND:
  • All fiat currency units devalue.
  • Many currency units have turned into waste paper and are no longer used.
  • The almighty dollar is now a mini-dollar, and soon will become a micro-dollar.
  • Propaganda and government statistics may delay the inevitable, but they cannot prevent an implosion or reset.
  • The banking cartel created too much debt. That debt will be repaid in devalued fiat currency units or defaulted.
  • Gold and silver do not default and have no counter-party risk.
  • Gold and silver stored in a non-bank vault are boring. Sometime boring is good. History will show that 2018 – 2025 was one of those times when boring investments in gold and silver were necessary.
These sensible rules apply to debt-based fiat currencies.
ALWAYS INSIST ON A MARGIN OF SAFETY: With fiat currencies a supposed margin of safety is automatic. The government makes pieces of paper legal tender and prints more paper as needed. Governments and central banks encourage fiat currencies because controlling the currencies benefits them.
Problem: Politicians, governments and central banks inevitably print too many pieces of paper. The currency loses value and is replaced, shunned or becomes worthless. The “bad money” drives out the good money (gold and silver) because few people want to exchange valuable gold and silver coins for soon-to-be-worthless paper currencies. Zimbabwe, Venezuela, Argentina and the list goes on…
THIS TIME IS NEVER DIFFERENT: Most unbacked currencies have disappeared into the trash heap of history. Remaining fiat currencies – dollars, euros, pounds and yen – are devaluing every year toward worthlessness. This time will not be different regarding the demise of fiat currencies.
BE PATIENT AND WAIT FOR THE FAT PITCH: A “fat pitch” in the fiat currency world is a profit mania from speculative trades. Buy Amazon stock at $6 in 2001 and watch it run past $2,000 in 2018 – a huge win for fiat currencies invested in Amazon.
Problem: How do you find the next Microsoft, Netflix or Amazon?
Problem: Don’t overstay the party. Remember Enron, Global Crossing, and hundreds of other high fliers that crashed into the dirt. The investment landscape is littered with debris from winners that turned into losers. Deutsche Bank and General Electric sell for small fractions of their earlier highs.
Problem: When you cash out, how much will the fiat currency units buy? The banking cartel and government deficit spending guarantee further devaluation of fiat currency units.
BE CONTRARIAN: A contrarian buys when “blood is in the streets” and sells when everything looks rosy. Remember the “permanently high plateau” story before the 1929 crash. A contrarian knows propaganda from government accountants and central bank Ph.D.’s has limited usefulness. The cheerleaders sell their story and hope the public will keep their misguided faith in fiat currencies.
Problem: The contrarians in the fiat currency world want to escape. They buy hard assets including gold and silver. The managers of fiat currencies discourage opting out.
Problem: People might abandon fiat banks and only use cash. Their solution: Make cash illegal and force people to use digital currencies.
Problem: People might lose faith in stock and bond markets after multiple scandals and crashes. Solution: Force interest rates to near zero or negative levels and discourage parking cash in banks.
RISK IS A PERMANENT LOSS OF CAPITAL, NOT A NUMBER: The real risk is that the managers will abuse fiat currencies, print too much, and devalue the currency so far that people rebel. It has happened in many countries and will occur again. What is your capital worth if you measure your paper assets in dollars or euros and both currencies fall to near zero value?
BE LEERY OF LEVERAGE: Leverage results from investment debt. Buy stocks on margin and watch profits soar in a bull market or shudder as bankruptcies expand in the inevitable bear market.
NEVER INVEST IN SOMETHING YOU DON’T UNDERSTAND: Advisors encourage buying for the long term. Did they explain the inevitable loss of purchasing power of fiat currencies?
Problem: Fiat currencies must devalue. People hope the nominal gains from paper investments offset the devaluation of the currency.
Problem: If people realized how rapidly currencies devalue, they would object to rampant price inflation. Solution: create a Consumer Price Index (CPI) and “manage” the results.
Problem: Devaluation and inflation run in cycles. Inflation was high throughout the 1970s while hard assets soared, and the stock market stagnated. During the “age of paper” from the early 1980s to 2000, the stock market soared, and hard assets languished. Stocks have bubbled higher since 2011 while the COMEX crushed silver prices. Cycles favor hard assets for the next several years.
Solution: If we use unbacked debt-based fiat currencies, the stock markets, gold, silver and real estate will rise exponentially over many decades. After extended moves, the risk – reward profile changes. Now is a risky time for stocks and a high reward time for gold and silver.
WHEN WILL THE PARTY END?
Per James Sinclair, the party ends in mid-2019.
My opinion: The fireworks begin in May-June 2019.
You may find value in the following articles:
Show Me The Money” by Christenson
Will It Ever End” by David Schectman
The Magic Money Tree” by Christenson
Miles Franklin at 1-800-822-8080 sells gold and silver bullion and coins. They are boring. Now is a time when boring is good.
Gary Christenson
About Miles Franklin
Miles Franklin was founded in January, 1990 by David MILES Schectman. David’s son, Andy Schectman, our CEO, joined Miles Franklin in 1991. Miles Franklin’s primary focus from 1990 through 1998 was the Swiss Annuity and we were one of the two top firms in the industry. In November, 2000, we decided to de-emphasize our focus on off-shore investing and moved primarily into gold and silver, which we felt were about to enter into a long-term bull market cycle. Our timing and our new direction proved to be the right thing to do.
We are rated A+ by the BBB with zero complaints on our record. We are recommended by many prominent newsletter writers including Doug Casey, Jim Sinclair, David Morgan, Future Money Trends and the SGT Report.
For your protection, we are licensed, regulated, bonded and background checked per Minnesota State law.
Miles Franklin
801 Twelve Oaks Center Drive
Suite 834
Wayzata, MN 55391
1-800-822-8080
Copyright © 2019. All Rights Reserved.

MILES FRANKLIN Do You Know Where China Gets Its Gold?

David’s Commentary:
I am on vacation this week and next, but there are a few articles I want to get out to you that are very worthwhile.
It’s early Friday morning, but gold and silver have popped back up, with gold once again taking out the important $1,300 barrier and silver is following suit, up $0.19 to $15.34. I would like to see gold hold above $1,300 going into the weekend.
Are you disappointed with the price of gold? Do you know that Gold is now as cheap as it was in 1970 at $35 and in 2000 at $270. 
David’s Commentary(in blue font all below):
From its bottom at $35, gold rose to $850 and from its bottom at $270 gold rose to $1,900. What does that suggest going forward from the current price of just below $1,300? 
Thursday was another day of quietly engineered price declines in gold, silver and palladium and, as ‘da boyz’ always do, they started their attack in the very thinly-traded overnight market in the Far East — and once the sell stops got hit, then the price decline becomes self sustaining. But when it stopped or reversed a bit for whatever reason, the powers-that-be were there to sell whatever contracts it took to resume the downward price path. That was in full force yesterday.
Ted Butler likes to point out that the only thing that really matters in determining the price of gold and silver is the net long or short positions of the Managed Money traders. The Commercials (i.e. JPMorgan and buddies) dupe them into buying and selling, which controls the price. Here is what Ed Steer wrote last night.
Here’s a 5-year chart courtesy of Nick Laird. It shows the gold price plotted against the net long or short positions of the Managed Money traders. This graph should leave no doubt in anyone’s mind that it’s only what they do…or what the commercial traders trick them into doing that controls the gold price.
 
Check out the correlation between the gold price — and the net positions held by the Managed Money traders, appears to be well in excess of 90 percent.  That’s why Ted Butler says that it’s only what the Managed Money traders are up to, that is the controlling factor in the gold price. The chart for silver is very similar.
 
The top half of the chart shows the gold price in blue — and the thin black line [on both the upper and lower charts] shows the net long or short positions of the Managed Money traders.  
Do you know where China gets its gold? Well, it keeps all the gold that it mines, and most of the rest comes from Swiss refiners. They, along with India (and even Russia) are accumulating all the gold that they can get their hands on. They will not sell it, they are the ultimate “strong hands.”
 
2018 Swiss gold exports = 46% of global gold production (Lawrie   Williams)
 
We have often in these pages recounted the importance of gold refined or re-refined and exported via Switzerland in terms of global gold flows, and the latest figures out of the small European nation serve to emphasise that point despite 2018 being perhaps a weaker year for the nation’s overall gold trade. In terms of gold imports the country took in some 1,500 tonnes of gold during the year and exported 1,473 tonnes – mostly to Asia where Mainland China was the dominant recipient. Indeed if we add exports to Hong Kong to the Chinese total, given that most of this will have been fabricated and re-exported to the Chinese mainland, the flows to the Asian giant alone amounted to around 729 tonnes of gold last year.
 
Switzerland has a batch of major gold refineries which specialise in taking doré bullion from mines, scrap gold and large refined gold bars – the latter primarily from the U.K., probably the centre for global gold trade – and producing high purity gold in the small kilobar sizes and wafers most in demand in Asia. The amounts flowing through Switzerland have probably fallen in recent years due to the building of new gold refineries in Asia and the Middle East (some owned by by the Swiss refiners) but nevertheless the amount of gold routed through Switzerland remains substantial. In 2018 it amounted to around the equivalent of nearly half global new mined gold. Indeed if one takes Chinese gold production (which all remains in China) of around 400 tonnes out of the equation, Swiss refineries handle an amount of gold equivalent to some 50% of global new mined non-Chinese output.
 
The other statistic which can be gleaned from the Swiss gold export figures for all of 2018 is that around 1,266 tonnes — or close to 86% — flowed to Asian and Middle Eastern nations. This serves to again emphasise the continuing flows of gold from West to East, with the Eastern holdings seen as being in stronger hands and less likely to flow back into the markets.
 
This 1-chart gold-related article from Lawrie was posted on the Sharps Pixley website yesterday-
Egon von Greyerz always has very interesting things to say about gold. And the following article is no exception. Sorry to be the bearer of bad tidings, but the party is over. We are very close to an inevitable global mega-bubble. When it pops, it will be worse than anything that came before.
We must understand that the world has never faced risk of this magnitude ever. We are now in the very final seconds of the global mega bubble, the likes of which the world has never seen before. What will happen next will be worse than the fall of the Roman Empire, much worse than the South Sea and Mississippi Bubbles and will create a disaster that will dwarf the 1930s Depression.
The problem is easy to define. It is all about debts and liabilities. Global debt is up three-fold since 2000.
Instead of worrying about the cause, now is the time to focus on how to protect yourself financially.
Gold has throughout history been the solution to a mismanaged economy based on deficits, debts and money printing. But it must be physical gold, stored outside the financial system in the safest jurisdictions and vaults. It is essential to have direct ownership of the gold and direct access. ETFs, futures, or part ownership of bars are not proper wealth preservation.
How high could gold and silver go?
A recent KWN article by Lundeen projects $3,000 silver and $30,000 gold. Those are not unrealistic targets and are probably based on normal inflation. With hyperinflation, the future gold price is likely to have many more zeroes.
But first, gold must move past its key resistance at $1,350. That’s been the impenetrable barrier for the last six years.
Once through resistance at $1,350, it will go very quickly all the way through the old high of $1,920. Remember that this high has already been broken in many currencies, so it is not a major hurdle to clear.
Egon von Greyerz
3 DOZEN REASONS TO HOLD GOLD
 The world financial system has been in a euphoric state since 2009. It seems that the Keynesians, like Krugman or the Modern Money Theorists (MMT) are right after all. All asset markets are near the highs and show little sign of changing direction. As Treasury Secretary Mellon said in September 1929: “There is no cause to worry. The high tide of prosperity will continue.” All that is required is more of the same medicine, more credit, more money printing to make a virtuous circle of eternal prosperity.
Clearly the Cassandras are all wrong with their pessimistic forecasts that never happen. The Greek Princess had the ability to forecast the future but her curse was that nobody believed her accurate predictions. (Cassandra article)
We modern Cassandras are in the same position. We are certain that the theories based on spending and borrowing yourself out of the biggest debt bubble in history are totally fallacious. We know that a debt problem cannot be solved by more debt. No one defined it more succinctly than Albert Einstein: “We cannot solve our problems with the same level of thinking that created them.”
THE PARTY IS OVER
But sadly for the world, Cassandra will be right this time also since the party is over. The Time Bomb below says it all. Contained in the red bomb are all the explosive elements that will change the history of the world. Any single one of these risks is sufficient to trigger a collapse of the world economy. The combined explosive nature of all the risks will not only disprove MMT but also create a world, which will be a lot less pleasant to live in.
This cleansing of a sick financial system and a morally decadent world will be totally necessary to create new green shoots based on real, sustainable values. But the transition will create great suffering for the whole world.
THE WORLD NEEDS STATESMEN
In the final stages of a major super cycle, there is normally a total lack of clarity in the thinking of world leaders. But not only that, there is also a total lack of leadership. Right now this is exactly what we have. Countries normally get the leaders they deserve. The world is in desperate need of statesmen who can take uncomfortable decisions to get the world out of the mess it is in. But looking around the world, there is no statesman in any country. There are countries with strong leaders like Putin in Russia and Orban in Hungary but real statesmanship does not exist anywhere.
Look at France where Macron becomes more unpopular by the day. Soon every Frenchman will wear a yellow vest and it is already spreading to other countries. The French economy and financial system are weakening and the inequality between the rich and the poor has the seeds of yet another French Revolution.
Germany has been the biggest beneficiary of a weak Euro but in spite of that, the German economy is now deteriorating rapidly. Merkel’s socialist policies will have disastrous effects on the German economy in coming years, exacerbated by an immigration policy, which will create a major economic and social disaster.
When Deutsche Bank (DB) collapses, which is probable, which will have repercussions not only for German banks but for the global banking system. DB’s derivative book of EUR 50 trillion is 15x German GDP. When counterparty fails, the Bundesbank and the ECB will need to print more Euros than during the hyperinflationary Weimar Republic. In addition, the Bundesbank and the German financial system are the biggest guarantors of the ECB and the Target2 lending to Southern European countries which are all likely to default on their commitments.
The UK leadership is extremely weak. Theresa May’s government is irresolute and divisive. They have spent 2 years solely trying to extricate itself from the EU. This issue has totally dominated UK politics at the expense of the economy. With 2 weeks left to Brexit-day, the UK is nowhere nearer an agreement with the Brussels elite who have consistently frustrated the process.
The US is bankrupt with a currency, which is living on borrowed time. Trump had good intentions but has been shackled by the Deep State. When the biggest economy in the world collapses, it will have major repercussions on the world.
Every major country or continent in the world has got problems of a magnitude that will bring the country down. In addition to the above nations, this includes Japan, China, South America and many more.
FINAL SECONDS OF A GLOBAL MEGA BUBBLE
We must understand that the world has never faced risk of this magnitude ever. We are now in the very final seconds of the global mega bubble, the likes of which the world has never seen before. What will happen next will be worse than the fall of the Roman Empire, much worse than the South Sea and Mississippi Bubbles and will create a disaster that will dwarf the 1930s Depression.
GLOBAL DEBT UP 3X SINCE 2000
The problem is simple to define and is all based around debts and liabilities. At the beginning of this century, global debt was $80 trillion. When the Great Financial Crisis started in 2006, global debt had gone up by 56% to $125 trillion. Today it is $250 trillion.
Thus, in this century global debt has more than trebled. So far MMT seems to work. Just print and borrow more money and the economy will take care of itself. Einstein said it won’t work and the laws of nature also tell us that this is a saga that will have an unhappy ending.
PROTECTION IS CRITICAL
Rather than trying to figure out what the exact trigger will be, it is much more important to focus on how to protect yourself financially.
Gold has throughout history been the solution to a mismanaged economy based on deficits, debts and money printing. But it must be physical gold, stored outside the financial system in the safest jurisdictions and vaults. It is essential to have direct ownership of the gold and direct access. ETFs, futures, or part ownership of bars are not proper wealth preservation.
$30,000 GOLD AND $3,000 SILVER
The Krugmans and MMT fans will now get more than they ever asked for. Because the world will soon start the biggest money printing bonanza in history. Bearing in mind that total debt and liabilities, including derivatives are over $2 quadrillion, we could easily see similar or higher amounts of money printing. A recent KWN article by Lundeen projects $3,000 silver and $30,000 gold. Those are not unrealistic targets and are probably based on normal inflation. With hyperinflation, the future gold price is likely to have many more zeroes.
We must remember that we are holding gold primarily to preserve wealth since it is the best store of value and represents stable purchasing power. But gold is likely to do better than to maintain purchasing power for the simple reason that there will be a massive shortage of physical gold when the gold paper market blows up. This is why it is critical to hold physical gold, bars or coins.
I wrote about the Gold Maginot Line a few weeks ago which is at $1,350. This line has stopped gold since 2013. After a first attempt to break through 3 weeks ago, we are now in a small correction and gold is building momentum to break through the Line. Once through, it will go very quickly all the way through the old high of $1,920. Remember that this high has already been broken in many currencies, so it is not a major hurdle to clear.
3 DOZEN REASONS TO HOLD GOLD AS INSURANCE
For anyone who doesn’t understand the necessity of owning gold, just go through the list of risks in the Time Bomb. And once you have gone through it, go through it again and again and again. The list includes 3 dozen reasons why you need to hold physical gold as protection or insurance against unprecedented global risk.
Anyone who doesn’t own gold today mustn’t wait for the next move up to take place. That could be too late. Once the real move starts, it will be very difficult to get hold of gold at any price. At some point there will no physical gold on offer. The paper gold positions of banks and futures exchanges will see to that.
Central banks will also have major problems. Most of them have covertly sold their official holdings. And most of what they have left, they have leased to the market. That gold has gone to China, India and Russia and all the central banks have left is an IOU from a bullion bank that won’t be honored.
CHINA’S INSATIABLE APPETITE FOR GOLD
With a guaranteed absolute mess in the world financial system, resulting panic in the gold market now is the very last chance to be protected.
Gold is today as cheap as it was in 1970 at $35 and in 2000 at $270:
I find these types of comparisons of little use, but they sure are interesting. Will history repeat? It wouldn’t surprise me.
Did you ever wonder why no bankers ever go to jail? Eric Holder and President Obama pushed through legislation that saw to it that it would not happen.
Ever Wonder Why No Bankers Go To Jail?
“The sovereign in the U.S. is supposed to be ‘We The People’- first three words in The Constitution. It’s not ‘We The People.’ The sovereign power of the U.S. is a criminal global banking cartel. Period. Full stop.”
“Criminal immunity is tantamount to Sovereignty. Any entity that has criminal immunity has Sovereign power. For example, you don’t need the Constitution to coin money and regulate the value thereof. You can simply counterfeit money and rig markets. And in fact, rigging markets is what they did.”
“Collateral Consequences.” It was a term introduced to the Executive branch of Government, which includes the Justice Department by Eric Holder during the Clinton Administration. This paved the way for Justice Department prosecutors to let bankers off the hook for obvious criminal behavior.
In a 1999 memo entitled “Bringing Criminal Charges Against Corporations” (section IX on page 9) written when Holder was deputy U.S. attorney general, Eric Holder argued that government officials could take into account “collateral consequences” when prosecuting corporate crimes. By this he meant prosecutors should take into account the effect prosecuting a corporation or corporate individual will have on “innocent third parties.” That principle right there gave the keys to the kingdom to the banks. It also explains why the SEC is so reluctant to prosecute Elon Musk.
This “consider collateral consequences to innocent 3rd parties” is what led to the bailout of the banks in 2008 and the absence of any criminal prosecutions against bank executives despite the overwhelming evidence of culpability. Oh by the way, Eric Holder just happened to be appointed Attorney General in 2009 by Obama to make sure that Section IX of Holder’s 1999 memo held up during the period of time when the banks and their CEO’s should have been held accountable and sent to jail.
Peter Shiff says once the dollar bubble is pricked, the record debt will bring everything tumbling down. We are in total agreement with him on this. QE will return. This is just the calm before the storm.
I think the world is going back to gold. . . . $5,000, $10,000 (per ounce) who knows how high it’s going to go. There is no real ceiling on the price of gold because there is no floor to the value of the dollar and other fiat currency. . . . Gold is going to skyrocket.”
Shiff says that silver will outperform gold. The last time silver took off, it went from $4 to $50. It will do better this time around.
Greg Hunter USA Watchdog
Money manager Peter Schiff says even though there is “record debt everywhere,” the Fed thinks the economy is fine. Schiff explains, “The actual amount of money the government is borrowing is much larger than what they pretend they are borrowing with the official budget. I think the national debt was up around $1.5 trillion in 2018. . . . It’s probably going to be even greater in 2019. . . . We have the biggest annual trade deficit ever in 2018. We’re going to beat that record in 2019. So, we have the twin deficits going off the charts. None of that worries (Fed Head Jay) Powell. We have record corporate debt, record individual debt, record student debt, auto debt, credit card debt and none of that concerns Powell.  We have record debt for state governments and municipalities. We have underfunded pensions in both the public and private sector. We also have interest rates rising. They have risen quite a bit from a few years ago, and all of that is an added cost on an over-leveraged economy. The reason the Fed did this about face, the reason they are now ‘patient’ and the reason they stopped raising interest rates . . . is all about the United States. . . . It’s all about the enormous debt we have. The Fed inflated a bubble where you had all this debt. It’s impossible to normalize interest rates in this scenario. So, they came up with an excuse to stop, but what the markets still don’t realize is it is not enough. The Fed is ultimately going to go back to 0%. The Fed is not going to shrink its balance sheet. They are going to blow it up bigger than it was before they started to shrink it. There is no way to stop the recession and no way to stop the bear market. They are going to have to go back to the QE, but I don’t think the Fed is going to succeed in blowing a bigger bubble.”
Schiff goes on to say, “I think when they start to try to reflate the assets in stocks, real estate and in bonds, they are just going to prick the dollar bubble, and that’s when we have a real crisis. . . . The dollar is going to collapse, and America’s days of living beyond its means is going to come to an end.”
On gold, Schiff says, “I think this is the calm before the storm. People don’t really perceive it. Maybe it’s like the Wile E. Coyote who has just run off a cliff, and he just hasn’t looked down yet. He doesn’t realize where he’s standing. . . . Gold shorts are going to lose an incredible amount of money. That’s probably one of the most foolish things you can do.
There are a lot of great things out there to short. Gold is the last thing you should be shorting. For central banks, gold is the safest reserve asset. It’s the only asset that is not somebody else’s liability. . . . I think the world is going back to gold. . . . $5,000, $10,000 (per ounce) who knows how high it’s going to go. There is no real ceiling on the price of gold because there is no floor to the value of the dollar and other fiat currency. . . . Gold is going to skyrocket.”
And silver? Schiff says, “Look at last time. Silver went up to $50 per ounce from $3 to $4 an ounce in 2000-2001. Gold went to $1,900 per ounce, but silver went to $50 per ounce. It was a much bigger percentage gain. . . . If I am right about gold going to $5,000 to $10,000 (per ounce), I am sure the percentage gain in silver will be even bigger.”
Join Greg Hunter as he goes One-on-One with money manager Peter Schiff, founder of Euro Pacific Capital and Schiff Gold.
Watch the yield on the 10-Year Treasury. It is the most important bond in the financial system. Lately it’s broken a multi-decade downtrend to the upside.
 
When bond yields rise, bond prices fall.
 
When bond prices fall, debt deflation hits the financial system.
 
When debt deflation hits the financial system, the financial system BLOWS UP.
THIS is why the Fed is in a panic. It’s why the Fed has stopped hiking rates. And it’s why the Fed is desperate to launch even MORE extreme monetary policy as soon as possible.
 
David Brady says a return to QE is inevitable. I absolutely agree with his assessment. The big banks know it and they are waging a last big assault on gold to squeeze as much money out of it as possible before the big move up. He says, “This could be the last buy-the-dip opportunity we get, courtesy of the Bullion Banks.” 
 
Sprott Money
 
Bullion Banks Appear Ready to Slam Gold Imminently
 
 
The big picture remains the same: When the Fed reverts to QE and the dollar tanks, Gold and everything else will soar. I believe a return to QE is inevitable at this point.
 
If the stock market dump in the 4th quarter has taught us anything, it is that the markets cannot survive without ever-increasing stimulus, just like any Ponzi scheme. Meanwhile, U.S. deficits and debt continue to soar, with unfunded liabilities about to hit en masse next year. At the same time, economic activity and tax receipts are falling. This means more and more treasury bonds are being issued when the Fed is still reducing its balance sheet and foreign buyers have gone on strike. There is only so much the domestic market can soak up before becoming saturated, forcing yields to rise and debt interest costs to explode. The Fed will be forced to revert to QE to prop up stocks and bonds (keep yields down), and will sacrifice the dollar in the process.
Now, I don’t want to get into a whole discussion about the manipulation of the metals market, but this is downright obvious. There is no justification for such a massive increase in open interest, especially after such a tiny move up and with Funds holding a relatively small long position, other than the Bullion Banks are loading up on the short side to prevent Gold going higher and planning to make a sizeable profit in the process, as always.
 
The bad news is that this likely means that we are going lower, perhaps up to $100 lower.
 
The Banks are clearly going to attempt to squeeze almost everyone out of the market before the massive rally to come, in my opinion. The good news is that in each of the prior cases this has occurred, most notably 2008, the price rebounded to new highs after the sell-off. This could be the last buy-the-dip opportunity we get, courtesy of the Bullion Banks. 
About Miles Franklin
Miles Franklin was founded in January, 1990 by David MILES Schectman. David’s son, Andy Schectman, our CEO, joined Miles Franklin in 1991. Miles Franklin’s primary focus from 1990 through 1998 was the Swiss Annuity and we were one of the two top firms in the industry. In November, 2000, we decided to de-emphasize our focus on off-shore investing and moved primarily into gold and silver, which we felt were about to enter into a long-term bull market cycle. Our timing and our new direction proved to be the right thing to do.
We are rated A+ by the BBB with zero complaints on our record. We are recommended by many prominent newsletter writers including Doug Casey, Jim Sinclair, David Morgan, Future Money Trends and the SGT Report.
For your protection, we are licensed, regulated, bonded and background checked per Minnesota State law.
Miles Franklin
801 Twelve Oaks Center Drive
Suite 834
Wayzata, MN 55391
1-800-822-8080

FEDERAL RESERVE Inflations Myths Exposed

The Federal Reserve has used a stunning array of tricks to convince the world that it has any clue what it’s doing. Yet keep in mind, this is the same institution that couldn’t see the housing bubble. Even after it started imploding (check out these comments by Ben Bernanke or Hank Paulson if you need some verification).

Of course one of the most often used whoppers is the Federal Reserve’s Keynesian perspective on the topic of inflation. Where the Fed fears that if prices aren’t rising fast enough, that somehow that’s a problem.

Personally, my belief in recent years has been this is just a 3 Stooges routine set up to confuse the public. While in reality it’s difficult to believe the Fed really doesn’t understand the damaging impact it’s creating on the economy.

So to resolve the myths that are perpetrated, and help you read through the Fed’s nonsense so you can plan for what actually will occur, click to watch the video now!

Chris Marcus

Arcadia Economics
“Helping You Thrive While We Watch The Dollar Die”
www.ArcadiaEconomics.com