Iran Mocking US Sanctions

It’s an odd feature of life in the west how major news events just seem to slip off into the distance so quickly and are forgotten by most.  Somehow, already, the situation with Iran is not even close to the top of my news and social media feeds.  It has regressed to a back burner. Despite the US news cycle being replaced by other fleeting amusements, relations with Iran are even further off the rails this week than last week.

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from Peak Prosperity https://ift.tt/2KBcFJq

How the Fed Wrecks the Economy Over and Over Again

When people talk about the economy, they generally focus on government policies such as taxation and regulation. For instance, Republicans credit President Trump’s tax cuts for the seemingly booming economy and surging stock markets. Meanwhile, Democrats blame “deregulation” for the 2008 financial crisis. While government policies do have an impact on the direction of the […]

from SchiffGold.com https://ift.tt/2X9IfEJ

Cubans Suffer Food Shortages as Economy Enters Crisis Mode

We’ve covered the plight of the Venezuelan economy as it has plunged into chaos over the last several years.  It’s gotten so bad that a year ago, video game money was worth seven times more than the Venezuelan bolivar. Meanwhile, the Venezuelan people have suffered horrible food shortages. Many people in Venezuela have turned to […]

from SchiffGold.com https://ift.tt/2NeWPXg

Despite Pullback, One Swiss Bank Says Gold Price May Retest Record High Of $1,921

On the heels of King World News warning on Tuesday that the gold market may correct in order to consolidate recent gains, the price of gold is trading nearly $20 lower on the Japan's TOCOM. But here is a look at the big picture from one Swiss bank that says gold may retest its record high of $1,921.

The post Despite Pullback, One Swiss Bank Says Gold Price May Retest Record High Of $1,921 appeared first on King World News.

from King World News https://ift.tt/2X2WUBE

A Bullish Catapult For Gold, Plus Big Buying In Physical Silver…Also, This Has Only Happened Twice In 40 Years!

A look at a bullish catapult for gold, plus big buying in physical silver. Also, this has only happened twice in 40 years!

The post A Bullish Catapult For Gold, Plus Big Buying In Physical Silver…Also, This Has Only Happened Twice In 40 Years! appeared first on King World News.

from King World News https://ift.tt/2IIFQIp

Jim Welsh – Gold Ready for a Hit

from Financial Survival Network

Jim Welsh is a student of the financial markets and a seasoned veteran of investing with forty years of portfolio management experience. No surprise that gold is getting ready for a temporary reversal of its recent advance. Too much, too soon is never a good thing. As predicted, gold was heading higher in the am and has now gone into negative territory for the day. We can all speculate about markets being rigged, etc. Looks like the gold market will be set to continue its increase in the 4th quarter of the year, as it usually does.

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from Kerry Lutz Podcasts – Financial Survival Network http://bit.ly/2FxhfEy

One Of The Greats Says This Will Be The Big Test For The Gold Market, Plus This Is The Message He Gets From Silver

Today one of the greats said this will be the big test for the gold market. He also discussed the fascinating message he is getting from the silver market.

The post One Of The Greats Says This Will Be The Big Test For The Gold Market, Plus This Is The Message He Gets From Silver appeared first on King World News.

from King World News http://bit.ly/2X28xc2

James Turk – This Is What The Rocket Launch In Gold Means, Plus What To Expect Next

Today James Turk said this is what the rocket launch in the gold market means, plus what is coming next.

The post James Turk – This Is What The Rocket Launch In Gold Means, Plus What To Expect Next appeared first on King World News.

from King World News http://bit.ly/2X3p9LA

Javier Orduña | “What We Found Was Pretty Exciting and Unexpected” (16.45 g/t Au Grab Samples)

from Mining Stock Education

In this interview Aton Resources’ exploration manager, Javier Orduña provides an update on two recent prospective gold discoveries as mentioned in Aton’s June 20, 2019 press release. Twelve selective grab samples were taken at Safaga South during a first-pass reconnaissance programme. The programme returned very encouraging results with half the samples having gold grades greater than 5 g/t Au, up to a maximum of 16.45 g/t Au. These 12 samples returned a mean average grade of 5.29 g/t Au. Sampling confirmed the presence of gold in both the quartz veins as well as the altered, weathered and in places sheared host rocks.

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Continue Reading at MiningStockEducation.com…

TRANSCRIPT:

Bill: You recently released some news about some grab samples at two prospects in your Abu Marawat concession, can you review that for us and give us the significance?

Javier: Yeah, well it’s very early work at these two new prospects. It’s the Safaga South and Wasif areas, now these are two new areas which we only recently discovered. Again, we identified from reviewing satellite imagery and we picked them out as places to go and visit. They’re at the far end of a license from Hamama, so it takes a long time to get out there but we’ve had crews out there, we’ve been doing some preliminary work on the ground, only a couple of days so it was really very very preliminary, early sort of stuff, but what we found was pretty exciting and pretty unexpected- certainly in the Safaga South area we found a whole mass of veins and ancient workings which as far as we could tell going through the data and the records that we have- again it’s another one of these sites that’s not been previously recorded anywhere in the literature. So it was good to get out there and there was a photo of it and a press release so there’s clearly some significant workings there and, again it came as a pleasant surprise to us.

Bill: Your Rodruin project, you identified that via satellite imagery where you saw the trails going up to the mountain. With this particular prospect did you also identify that via satellite?

Javier: Yeah, it was a similar approach, and as we’ve talked about it’s very effective in this part of the world, where we do have exposure, we don’t have a lot of rainfall and features generally don’t get eroded or weathered away like they do in most parts of the world. So it’s a very effective technique, there wasn’t an abundance of strong paths like we saw at Rodruin which was significant. We don’t have the archeological remains which had been identified at Rodruin where we had the ancient processing site, but what we did find was these ancient villages. You could see remains of the ancient villages and wadis and as I’ve said before on other forums, people didn’t live out in these places for no reason. It’s not a holiday camp in these places. So pretty much always where you find these villages, these concentrated settlements in these sort of areas the Eastern Desert in Egypt, it means people are mining gold, so it was a sign. “Let’s go and have a look”, so that was really the main driver, plus looking at the satellite imagery in terms of what we could identify from what the rocks look like. That was what took us in there in the first place.Bill: And you sampled via grab samples up to 16.45 grams per ton gold, which is obviously very high grade, especially at surface. What’s the significance of this, and if we’re looking at your concession, generally speaking, what would be an economic grade for an open pit mine?

Javier: Well we went out at Safaga South we took 12 samples I think it was, they averaged at 5 and a half grams, above 5 and a half grams. Half of them were above 5 grams. They were selective samples, we’re not trying to say they could be representative of any potential future or a resource of course but when you have quartz veins which are averaging upwards of half an ounce then that’s pretty attractive of course. It’s very early days, we identified dozens of quartz veins there with some of our workings done and some that didn’t have, so some of them were exploited not in even the olden days by the ancients. Again, that is generally pretty indicative that you’re looking at pretty high grade, so just as a very first pass evaluation, when you find gold mineralization at surface it’s only a positive.

In terms of potentially economic grades, we’ve done the resource at Hamama West, we did our preliminary studies on the Hamama West oxide cap which we submitted to EMRA, which was the basis for us declaring commerciality, which is again an unusual Egyptian concept, but nonetheless we did the studies which submitted to EMRA and the resource I guess you could call it, looking at the potentially minable resource. That had a gold equivalent grade, so gold plus silver, of 1.2 grams, of which that was about 0.8 grams per ton gold. The preliminary economic studies we did on that is a tidy little return on that, so if we can economically mine gold, hopefully, at Hamama West at 0.8 grams per ton gold at surface, if we’re sampling quartz veins which are going half an ounce or potentially more, that can only be a good thing.

Bill: So we’ve shown over a large area that there’s prospectivity over your whole concession. What are some people saying about Egypt right now? We’ve on this show talked about Egyptian mining reform and how that will be a positive impact for not only Aton but other gold companies as well. What are people saying about Egypt right now?

Javier: I think- we talked quite a bit just before Christmas last year there was quite a lot of noise on the mining reform, the government was coming out saying quite a few things and it certainly looked like things were starting to move. It’s kind of gone quiet in the last 6 months since then, it’s frustrating but it’s probably not a huge surprise. Again, we’re hearing – and we hear different things from different sources so who knows what the truth is actually going to be – that things are moving forwards at a pace and we expect to hear things moving towards some sort of clear resolution relatively soon, but whether that’s 3 days or 3 months or who knows, but things are certainly moving in the right direction with regards to reform.

Clearly when we talk about Egypt there’s 2 issues really regarding Egypt. It’s – I believe, and I think a lot of people believe – it’s a very attractive destination and it’s certainly under-explored from an exploration perspective. But there’s two main issues: one is the fiscal and the legal regime which is problematic, everyone is aware of that, Mark’s talked about this, and there’s no need for me to go into that but in terms of a geological perspective it remains a massively under-explored and very prospective part of the world.

It was interesting when I was at PDAC when we met in Toronto in March, there was a very interesting session by Howard Bills from Toro Gold and he’d got together a bunch of- a group of pretty serious generative geologists and asked them a bunch of hypothetical questions about Africa under various scenarios, and one of the questions he asked was “where in Africa do you believe the biggest potential for big – greater than 5 million ounce – gold deposits actually is?” And if you take out all the fiscal regime and so on and so forth, in terms of the most likely countries to discover big 5 million ounce gold deposits, the consensus amongst this group of guys that he got together was Egypt and Sudan. So, Egypt remains, I think everyone is aware, certainly in the exploration industry, that Egypt remains highly prospective. It’s not the geology and the potential that’s holding it back, it’s legislative issues.

Bill: A few months ago Aton offered a financing and then a couple weeks ago Aton announced that part of that private placement had been enclosed, can you give us an update on the financial situation of the company and any further plans for this year?

Javier: Yeah, it’s been frustrating, as you would appreciate for us and for a lot of people. We went out in January and we didn’t raise the finances we’d been – we had some high net worth individuals who indicated that they were going to come in, unfortunately it wasn’t possible at this stage so we haven’t been able to move it as forward as quickly as possible, we’re close, we’re very close I think Mark’s the person to talk to. He deals with the financing, obviously I deal with the geology, but I believe we’re pretty close now. It’s been a frustrating time but hopefully we’re going to close this round very shortly and then we will be able to crack on.

Bill: So then perhaps after the closing of the private placement, a drill program would be announced but as of right now you’re on the ground doing surface samples with the team.

Javier: That’s right, yeah. Obviously we have to- we can’t commit to a major capital program like drilling at this stage until we have the financing closed and put away and we know how much we got to play with. That remains the intention, obviously we haven’t talked about Rodruin here, the intention is to get back to Rodruin. We have a lot of potential all over our license area and again I think these new discoveries certainly show that, but that doesn’t detract from the fact that Rodruin remains our absolute number 1 target and our intention is to plan up another drilling program and get going back down there again, but clearly we’re an exploration company, we don’t dig gold, we don’t make any money so it’s dependent on us spending other people’s money, so until that money comes in we don’t know how much we’ve got and once we’ve got it put away then hopefully we will be able to get back on the ground drilling at Rodruin again.

Bill: Excellent, well thank you for the update Javier. If you’re interested in learning more you can go to atonresources.com, there, if you click on the recent press release from June 20 you can see some of the visual depictions of the prospectivity of these new prospects that Javier and I have spoken about in this interview. If you have questions you can email Mark Campbell the CEO direct, his email is mcampbell@atonresources.com, you want to engage the show you can reach me at bill (at) miningstockeducation.com. Well Javier, thanks for coming on the show and I look forward to touching base with you after those drill rigs get going.

Javier: Yeah, sure Bill. It’s good to catch up and I hope we’ll have some more positive news for you in the short term coming out shortly.

from Kerry Lutz Podcasts – Financial Survival Network http://bit.ly/2KCw3Wm

CAUTION: Warning Signal Flashing Gold May Soon Correct To Consolidate Gains Even As Tidal Wave Of Money Pours Into Gold

A warning signal is flashing gold may soon correct in order to consolidate recent gains even as a tidal wave of money continues to pour into the gold market.

The post CAUTION: Warning Signal Flashing Gold May Soon Correct To Consolidate Gains Even As Tidal Wave Of Money Pours Into Gold appeared first on King World News.

from King World News http://bit.ly/2NczzJv

Daily Digest 6/25 – Gold Jumps To Fresh High, ‘Crowding Diseases’ Threaten Migrant Children In U.S. Border Facilities

Economy

Iranians say their ‘bones breaking’ under US sanctions (Sparky1)

In recent weeks, Iran has threatened to break out of the deal unless European powers mitigate what it calls Trump’s “economic warfare.” Iran also appeared ready to push back against the buildup of U.S. forces in the region, after shooting down an American drone it says violated its airspace last week.

‘Crowding diseases’ threaten migrant children held in US border protection facilities, expert says (Sparky1)

Children who do not wash regularly are likely to pick up body lice and “some of those lice could carry typhus,” said Markel. Fever, headaches and sometimes rash are common symptoms of epidemic typhus fever, which has the potential to spread rapidly among people living in close quarters, according to the US Centers for Disease Control and Prevention.

No, it’s not just you: Half of the internet is down, including Google, Amazon, and Reddit (Thomas R.)

What better way to start off the week than by not being able to use virtually any online service or access half of the internet’s most popular sites? That seems to be the case, as DownDetector (and many tweets) suggest that Google, Amazon, Reddit, and Spectrum — just to name a few — are experiencing issues this morning. Those issues appear to have begun around 6 or 7 AM ET, just as the East Coast was starting its day.

Average retirement-age Americans have this much in their 401(k), report says (Thomas R.)

That’s nearly $20,000 more in their retirement fund than they typically have from age 55 to 64. While their median balance is slightly below that age group as well ⁠⁠— by about $3,700, it’s still considerable since many start tapping into their 401(k) starting at 65.

The areas that most influence account balances appear to be income, age and job tenure.

Taxed to the hilt, more northern homebuyers are migrating to Florida (Thomas R.)

A bump in activity started with the federal tax overhaul in 2017. Although rates were cut for corporations and individuals, the ability of residents to deduct state, city and property taxes from their federal returns in places like New York, New Jersey and Connecticut was diminished. Other heightened tax obligations are kicking in as well. As of July 1, a three-decades-old “mansion tax” in New York State is being boosted in New York City to help pay for improvements to the city’s creaky subway system.

As the wealthy flee New York, poorest will be most affected (thc0655)

The current spending levels are likely unsustainable for the Big Apple in the long term. The New York City Council passed a $93 billion budget, which includes spending hikes of 6 percent for salaries, 9 percent for other employee benefits, 9 percent for debt service, 11 percent for health insurance, 12 percent for public assistance funding and more. This local budget also set aside a new line item for taxpayer-funded abortions, an army of new social workers and even a package for the Green New Deal.

Gold jumps to fresh high, now at levels not seen since August 2013 (Thomas R.)

“The geopolitical tensions and an expectation of a more dovish Fed pushed investors to increase their gold exposure,” Mark Keenan, global commodities specialist at Societe Generale, said in a note. “Gold continues to be extremely overbought with short positions staying at their yearly lows and long positions climbing to their highest level since February 2018.”

‘A leftward shift’: Communist party USA sees chance as progressives surge (thc0655)

Communists from across the US, along with international delegates from Germany, Canada, Venezuela and elsewhere, sought to send the message that their party has been the most consistent champion of those ideas, has been on the right side of some of the most consequential ideological battles of the last hundred years, and is ready to continue the fight into its second century.

Oh that it should come to this Pt. 9 (Jesper A.)

In Popper´s scheme the ideas of Kant and Hegel seem determinist, sadistically predisposed to deterministic change but not subject to critique or democratic opposition — on this point we should agree; these are much like Descartes’ inward-turning rational analysis the effects of men’s increased lust for technological prediction and control. Our brains it seems, are capable of such readaptation. Democracy. Inside Kant hides the exigencies of a new new of a Europe which in 1750 was well on its way to techno hell (yes I do that frequently, but on the sly and with a sinister smile).

Syria says sabotage damaged underwater oil pipelines (Sparky1)

Syria suffered recently from fuel shortages that were largely the result of Western sanctions on Syria and renewed U.S. sanctions on its ally Iran.

Syria produced 350,000 barrels per day before the country’s conflict began in 2011 and exported more than half of it. Now it is down to around 24,000 barrels a day, covering only a fraction of domestic needs.

Electric Jaguar XJ, hybrid airplanes, more driving, fewer Chinese EV makers (Thomas R.)

Another electric-car startup isn’t aiming directly at Tesla, though it could take away some of the company’s Silicon Valley spotlight. Drako Motors is developing a 1,200-horsepower, 206-mph supercar called the Drako GTE.

Finally, in first drive of the new light-duty Chevy Silverado diesel pickup our partners at The Car Connection averaged 34 mpg, which is pretty impressive for a full-sized pickup meant for towing.

Tesla starts work on substation to power Gigafactory 3 ahead of production (Thomas R.)

Recently, drone video updates show that the building of the massive factory is almost completed, which is an incredible feat to do in just 6 months.

However, it takes a lot more than a building in order to achieve production and we are starting to see more work on that front as Tesla is just months away from its planned production date.

OPEC’s Meeting: Market Expects Another Output Cut Next Week (Thomas R.)

Last week, the US and Iran were on the brink of war—the most important factor behind the rise in oil prices. On June 21, the Brent-WTI spread fell to the lowest level since April 16. The fall might indicate that the oil market is less concerned about a supply shock. The fall in US oil and gasoline inventories could also be behind the contraction in the spread.

More than 500 arrested after protests and clashes as India water crisis worsens (Sparky1)

At least 550 people were arrested Wednesday in the city of Coimbatore for protesting with empty water containers in front of the municipal government’s headquarters, accusing officials of negligence and mismanagement. Meanwhile, four reservoirs that supply Chennai, the state capital and India’s sixth largest city, have run nearly dry.

Gold & Silver

Click to read the PM Daily Market Commentary: 6/21/19

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

The post Daily Digest 6/25 – Gold Jumps To Fresh High, ‘Crowding Diseases’ Threaten Migrant Children In U.S. Border Facilities appeared first on Peak Prosperity.

from Peak Prosperity http://bit.ly/2IJx6BR

Understanding the Tax Man: The Gold & Silver Buying Guide & $10K Reporting Myth

You may have heard that you can’t purchase more than $10,000 worth of gold without it being reported to the IRS. This is a myth. You can avoid IRS reporting requirements, even on large-scale purchases. You just have to know the rules. Our revised Guide to Tax-Free Gold and Silver Buying provides the information you need to navigate the […]

from SchiffGold.com http://bit.ly/2NbKh2C

The Fatal Conceit of Central Planners Dies Hard

Peter Schmidt has written extensively about the “Confederacy of Dunces” that helped bring about the financial collapse of 2008 and their “fatal conceit.” By fatal conceit, he means the arrogant belief that because of their superior intellect and education, they have the wherewithal to micromanage the economy. One of the members of Schmidt’s “confederacy of […]

from SchiffGold.com http://bit.ly/2RIkttT

Very Strong Physical Demand For Gold & Silver In Asia, But A Serious War Is Raging In The Silver Market

We are seeing very strong physical demand for gold and silver in Asia, but a serious war is raging in the silver market.

The post Very Strong Physical Demand For Gold & Silver In Asia, But A Serious War Is Raging In The Silver Market appeared first on King World News.

from King World News http://bit.ly/2YeKqng

FEAR INCREASING: Record Gold Buying Spree Continues As US Dollar Bulls Begin To Worry

As increased fear begins to weigh on investors around the world, the record gold buying spree continues as US dollar bulls begin to worry.

The post FEAR INCREASING: Record Gold Buying Spree Continues As US Dollar Bulls Begin To Worry appeared first on King World News.

from King World News http://bit.ly/2N8Lcks