Posts Categorized: General Editorial

Posted by & filed under General Editorial.

We respectfully request of CIGAs, if there is anyone out there that can create a long term chart similar to this one of the Gold to Silver ratio

 

 

 

 

 

 

 

 

 

which includes the MACD’s (moving average convergence divergence), we would appreciate sending for post.

Thanks,  Bill and Jim

 

Posted by & filed under General Editorial.

Hello and thank you again for letting me turn the knob in your head. It is my opinion great days are ahead for precious metals holders (of all investment types).  Most of us understand the idea that our money is coming home. It’s the reason we’ll see all things under the US Dollar go higher in price and that it will occur when the world stops using our currency (US Dollar) as a hedge against its own holdings which may be forced out of their control, and back into our country causing all manufacturing, farming products, in short, all things physical, sharply higher in price. And it could quite possibly push the S&P and the Dow to newer life of contract highs as well. All this could happen because of the hidden Eurodollar system created to obstruct every nation’s control of its currency, at least this is the thesis in my opinion after reading The Monetary Fifth Column: The Eurodollar Threat to Financial Stability and Economic Sovereignty in the Vanderbilt Journal of Transnational Law.

We know the Dollars are coming home so we delved into the Eurodollar system that is a massive and liquid issuance(s) that is not only a part of the US Dollar’s debt system, but every single currency within the central banking system has a Eurodollar trading system over looking it too! Yuan, Yen, Swiss Franc, British Pound, et al. have a Eurodollar system. They too have their printed cash held in other central banks, to use as a hedge against that nations interest rates, and is completely outside the printed currency’s national rules and regulators. My next special write up will delve into this thesis and will offer various reasons for why we may be at the truest point of contention as the currencies collapse upon the printers and those forced to live under an inaccurate mathematical problem created by the few to control the many.

We’re putting this out there as an intro to a weekend report we will produce in order to explain what may be part of the currency war with China, with the Federal Reserve as a puppet, not for the USA benefit, but for a group of bankers, who have set this system up to bypass the SWIFT system. The Vanderbilt report must be read, if not, don’t bother reading further, it is that important!

The bottom line question in all of this will be; what happens to an asset a central bank holds that is about to turn worthless or can only be used in the country that printed it? That may be the point when the SHTF, and many believe we are there now. Until the weekend …

Stay Resolute!

J. Johnson

 

[Available here]

Posted by & filed under General Editorial.

We have tried for quite a few years to point out just how bogus the financial reporting was. Few listened to us as markets “proved us wrong”. But as time went on, the economic/financial reporting became more bogus and further from the truth to the point even young children had questions. At present, the lies have been stacked sky high but there is a difference, “actions” are now speaking louder than the MOPEY rhetoric. To the point, actions are finally speaking volumes louder than words!

For example, people are finally questioning if the economy is so so good, then why does the Fed need to lower rates? Or why are individual companies confessing some very real individual problems? We went for years hearing the Fed would “normalize” rates and would have no problem doing it. We disagreed loudly and laughter ensued. Then, last fall the Fed raised rates three times which led to a near meltdown in Dec….until the Fed caved in and called a halt to rate hikes. Now, here we are again where the Fed is being forced into lowering rates or else the markets will rebel into a black hole. The Fed has it’s back to the wall facing their greatest fear, the dreaded liquidity trap!

Looking at several company/industry specific situations, does anyone really believe Deutsche Bank is less important or smaller than Lehman Brothers? Can you say $50 trillion +++ worth of derivatives? Or how about Apple, does a 42% drop in sales to India’s 1 billion population mean anything at all? Do the recent revelations of Facebook, Google/YouTube, Twitter gathering and selling data/taking political stances have any bearing at all? And Boeing…have they sold a single plane in recent months? Maybe we should also mention Greece selling new bonds at ALL TIME low yields? Whatever happened to risk versus return…is Greece all of a sudden a pristine credit? Or even one who can pay debt service alone…without borrowing more to make the payment?

The point I am trying to make is that our entire lives are surrounded and engulfed in nothing but lies. This is extremely dangerous when the entire system is held up by confidence alone. 50 years ago the global financial system had gold as its foundation even though “paper” was outstripping the amounts of gold held. Now, no foundation anywhere to any country’s financial system and paper galore to the point where 300 or more paper gold ounces have been sold…for every one ounce in existence. Is this twilight zone stuff or what?

And as for “confidence” and what might be the final straw? Can you imagine the coming body count when Jeffrey Epstein starts to talk? If there is any topic that snowflakes and conservatives can agree on, pedophilia is probably it. Can you imagine the reaction when representatives, senators, ambassadors, prime ministers, and even royals from all over the world are fingered?

Confidence in all things financial has been paramount as it always is for Ponzi schemes. Laugh if you will and all you want, confidence in EVERYTHING will be shaken and broken. The world will find out the entire system is and has been a “bad bank” for most of our lifetimes. It will be understood that the fraud began shifting in to higher and higher gears ever since August 15, 1971…the day Richard Nixon defaulted the US dollar on the rest of the world!

To finish, confidence is THE only thing holding markets together as the “bones” to the system are either brittle or nonexistent. Jim has told you many times, go back to basics. When confidence breaks and the entire house burns down, rebuilding the house, any house begins with the foundation. Whether you believe it or governments do not want it, the global monetary system will need some sort of solid foundation to begin rebuilding from. History tells us this foundation will include gold in some form or fashion. Can you imagine how expensive “new foundations” will be when everyone worldwide needs a new (real) one?

Standing watch,

Bill Holter

Holter-Sinclair collaboration

Posted by & filed under General Editorial.

TANZANIAN GOLD update…

Authored by Clive Maund

originally published Friday, June 28, 2019

 

It’s a case of so far, so good with the ongoing deep drilling program at Tanzanian Gold’s Buckreef project in Tanzania, where the aim is to delineate the extent of mineralization beneath the planned open pit, and in the process better define the mineralization within the open pit itself.

 

The stock has taken a rest over the past several months, running off into a rectangular consolidation pattern, following a strong runup at the start of the year which we capitalized on, as we can see on its latest 6-month chart below, but now, with the 200-day moving average having partially caught up with the price, and gold breaking out, it looks like it is limbering up to break out to new highs, with the pause of recent days looking like a tiny bull Flag.

 

The overall tenor of this chart is bullish, with the alignment and direction of moving averages being positive, which makes a breakout to new highs likely soon that should lead to another substantial upleg.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

How far could it advance in favorable conditions? We can get some idea by looking at the long- term 18-year chart, which shows that the stock was trading at much higher levels for many years, before being dragged down to a very low level mainly be the severe depression afflicting the sector. To look at this chart you would think that management had done nothing in recent years but sat back in their chairs with their feet on the table throwing paper aircraft around.

 

Instead of which they have driven forward and delineated a profitable open pit at Buckreef which has the potential to be a supermine, if strong mineralization extends to depth below it, which is the reason that it is currently being deep drilled, with positive results to date. What has happened to the stock is that, after dropping to an extremely low level in 2014 – 2015, it appears to have marked out a giant “Double Bucket” base, which may have taken this form because of course buckets having such an esteemed place in mining history. In any event this base pattern looks complete, and with gold now starting to break out of its giant 6-year long base pattern, Tanzanian’ stock could see really big gains from here.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A couple of days ago the company announced a funding that took the form of a direct placement of almost 2 million common shares at a price of $0.58, which appears to had no adverse effect on the stock price, which is doubtless due to the offering having been fully taken up.

 

In conclusion, Tanzanian Gold looks like it is on the up here, with the prospect of further positive results from the deep drilling program at Buckreef, and with a major new gold bullmarket just signaled, should “have the wind at its back” going forward. So we stay long and it is rated a strong buy.

 

Tanzanian Gold website

 

Tanzanian Gold Corporation, TRX, TNX.TSX, trading at $0.84, C$1.10 at 10.31 am EST on 28th June 19.

 

Posted at 12.20 pm EDT on 28th June 19.

 

Posted by & filed under General Editorial.

 Tanzanian Gold Announces Further Results From Drilling Below Pit Bottom Highlights Include 63m @ 4.8 g/t Au incl 22m @ 9.3 g/t Au that incl 2m @ 31.1 g/t Au

 June 6, 2019

 

TORONTO, June 6, 2019 (GLOBE NEWSWIRE) — Tanzanian Gold Corporation’s, (TSX:TNX) (NYSE American:TRX) (the “Company’s”) Board of Directors is pleased to announce results from the third hole, Hole L19-2, of the Phase II drilling program. The objective of Phase II is to identify gold mineralization in the range of 50 to 200m below the pit bottom of the open pit that is the basis of the 43-101 compliant Prefeasibility Study dated June 26,2018. The two previous drill holes in Phase II are Holes 13-3 and U22-1. All three holes have encountered significant mineralized widths that include notable intersections of high grade.

 

Notable intercepts in the third hole are:

 

Hole L19-2

 

  • 63.0m grading @ 4.8 g/t Au from 357m to 420m; including
    • 1.0m grading @ 7.4 g/t Au starting at 360m,
    • 4.0m grading @ 5.9 g/t Au starting at 369m,
    • 22.0m grading @ 9.3 g/t Au starting at 387m; including
      • 6.0m grading @ 18.9 g/t Au that includes 2.0m grading @ 31.1 g/t Au

 

The intersections reported here are a down-hole length and may not represent true width but the true width is estimated to be 50 – 60%.

 

Mr. Jim Sinclair, Chairman (TRX) commented, “ The systematic drilling we are doing below the pit bottom has, to date, yielded exceptionally robust results ” noted Mr. Sinclair ” we will be using these results to help us formulate a Phase III program that will, in part, be directed at  testing what we are calling the Ultra-Deep.”  Mr. Sinclair went on to state that “We will also soon be doing a sophisticated program of down – the – hole geophysics to expand our Resource Geological model and better identify drill targets for Phase III.”

 

Sample Protocol and QA/QC

 

The sample chain of custody is managed by the Buckreef technical team under the supervision of Anthony Minde. Gold analyses reported in this release were performed by standard fire assay using a 50-gram charge with atomic absorption finish (0.01ppm LLD) and a gravimetric finish for assays greater than 10 grams per tonne. All assays were performed by Nesch Mintech Laboratory in Mwanza. Sampling and analytical procedures are subject to a comprehensive quality assurance and quality control program. The QAQC program includes duplicate samples, blanks and analytical standards.

 

Intervals of core to be analyzed are split in half with a mechanized core cutter, with one half sent to the Laboratory for geochemical analysis and the remaining half kept in storage for future reference and uses.

 

Nesch Mintech Laboratory is ISO 90001 and 17025 accredited and employs a Laboratory Information Management System for sample tracking, quality control and reporting.

 

Qualified Person

 

The Company’s Qualified Person, Mr. Peter Zizhou, has reviewed and approved the contents of this news release. Mr. Zizhou has a Master of Science (Exploration Geology) degree from the University of Zimbabwe (2000) and is a registered professional natural scientist with SACNASP (Reg. No. 400028/08).

 

Respectfully Submitted,

 

“James E. Sinclair”

 

James E. Sinclair

Executive Chairman

 

For further information, please contact Michael Martin, Investor Relations, m.martin@tangoldcorp.com.com, 860-248-0999, or visit the Company website at www.tangoldcorp.com

 

The Toronto Stock Exchange and NYSE MKT LLC have not reviewed and do not accept responsibility for the adequacy or accuracy of this release

 

Cautionary Note to U.S. Investors – The United States Securities and Exchange Commission limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce. We use certain terms on this news release, such as “reserves”, “resources”, “geologic resources”, “proven”, “probable”, “measured”, “indicated”, or “inferred” which may not be consistent with the reserve definitions established by the SEC.  U.S. Investors are urged to consider closely the disclosure in our SEC filings.  You can review and obtain copies of these filings from the SEC’s website at http://www.sec.gov/edgar.shtml

 

This news release contains certain forward-looking statements and forward-looking information. All statements, other than statements of historical fact, included herein are forward-looking statements and forward-looking information that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time-to-time with the British Columbia, Alberta and Ontario provincial securities regulatory authorities.

 

Certain information presented in this release may constitute “forward-looking statements”  within  the  meaning  of  the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements. Investors are referred to our description of the risk factors affecting the Company, as contained in our SEC filings, including our annual report on Form 20-F and Registration Statement on Form F-10, as amended, for more information concerning these risks, uncertainties, and other factors.

Posted by & filed under General Editorial.

With the coming financial crisis and subsequent economy, lots of things which have been a part of the American way of life will change out of economic necessity. Lots of “middlemen” will be removed from the stream of commerce.  This is already seen and fostered by online purveyors, but certain businesses could be eliminated entirely.

Auto dealerships are middlemen who may be eliminated. This will not really help the consumer through a better vehicle price because manufacturers will merely raise prices if permitted to sell directly to the public. The auto dealership has been a business which has been a historically significant part of our business culture, but may not be around for long after the coming financial crisis.

Dealerships are middlemen between the consuming public and the auto manufacturer. These dealerships exist due to franchise laws which prevent auto manufacturers from selling vehicles directly to the public. Dealerships are already struggling to keep their lights on in the present economy. Most people today don’t buy vehicles ~ they lease them. A restructuring or repeal of franchise laws could eliminate dealerships. A repeal of franchise laws may be viewed as necessary to keep the auto manufacturers financially solvent and able to continue production. Auto dealers don’t have a powerful lobby, but auto manufacturers do. The repeal of franchise laws could render franchise contracts avoidable and would have the effect of shuttering auto dealerships.

If dealership franchises were eliminated, the subsequent economic impact would be the loss of those retail jobs, services, utilities, insurance, taxes and attendant carrying costs which support such businesses. It would be possible then for vehicle manufacturers to merely have it’s agents place orders for vehicles and outsource warranty work. Then, manufacturers could raise prices to keep up with whatever demand remains for vehicles and be able to remain in production. The ripple effect of a repeal of the franchise laws would support the manufacturers and keep manufacturing jobs, but spell economic disaster everywhere a dealership presently exists. If this seems unlikely, it may not be when triage in supply and demand occurs. Dealerships can’t sell something which does not exist because manufacturers are out of business and government can’t bail them out. If the middlemen or the manufacturer is to be sacrificed, I submit to you that it will be the dealerships.

The auto industry is among the largest manufacturing industries which remain in the USA and keeping them going will have priority over middlemen who would go under anyway absent their vehicle supply from manufacturers. The government makes the laws and can change the laws. Although there is a mandate in the USA against government impairing contracts, this has not been the case, and we need to look no further than the healthcare sector to see what is required of the consumer and the provider whether, either agrees or not.

Another sector of middlemen which could be eliminated due to financial necessity is in Real Estate. It is already occuring and already being seen. This elimination is a slower consumer driven demise which doesn’t require a change in the laws, it only requires a change in public perception and public education. Real estate is not a sector which has or needs a lobby but it does need a constituency. The constituency is home buyers and sellers.

Many sellers are already moving to the personal sale of real property. Personal sales of property are legal and a seller doesn’t need a real estate broker/agent to sell their own property, privately.  Some people are not capable of negotiating the purchase and sale of real estate, but many are, and only need information and opportunity to sell real estate privately.

Real estate commissions are ultimately a choke point for sellers who can’t afford the loss of those proceeds of a sale. This is especially true in an ever tightening market. More and more, sellers are disillusioned with listings not selling, and many are reverting to their lawful right of “For Sale By Owner” (FSBO). Real estate agents and brokers are middlemen just like auto dealerships. The issue sellers have with sales isn’t that they can’t achieve a bargain and sale with a prospective purchaser, it is the sellers inability to attract a buyer to make their property known to the buying public, and the information needed to sell. Anyone can go to a stationery store, or online to acquire a Real Estate Purchase and Sales Contract. Those contracts should ultimately be reviewed by an attorney, but the era of “caveat emptor” could be the framework of the future real estate market.

With online real estate advertising service providers like Zillow and Trulia, or FSBO sites, or even Craig’s list, real estate agents and brokers can be eliminated from real estate sales at a significant savings. Real estate agents and brokers could be the dinosaurs of real estate sales and it is happening already, especially in areas of already depressed housing market, and areas with older housing stock. The real estate agents and brokers are already a dying breed in some areas and for this reason, they may not survive a financial crisis.

Cutting out the middleman is going to be the new business model following a financial crisis. Any intermediary which can be by-passed in any supply chain will be eliminated due to economic necessity. The Internet which provides direct access to producers will continue to eliminate the middleman. Online purveyors like Amazon are already cutting out the middleman and it is the wave of the future. It really isn’t a wave…it’s a tsunami!

CIGA Kat

Posted by & filed under General Editorial.

We ran this article last week for subscribers and are releasing it for the public this week. (We will then also re-run an article done last summer regarding junk silver.) Currently an anomaly exists that only a couple years ago could not have been imagined. 10 years ago it would have been considered an impossibility!

Back in 2010, when gold traded around $1,000 per ounce, “numismatic” pre-1933 gold coins traded for huge premiums. This happened because there was fear the Obama administration might go the route of FDR and confiscate bullion. That did not happen, but we did get to see a precursor to what might be should (when?) confiscation become a reality.

As a background, (and we will focus on pre-1933 $20 MS63 Liberties and MS64 Saint Gaudens), these were the “cutoff” grades in the past. It was at these grades where the premiums over spot gold took a huge leap from just one grading below. Just a couple of years ago, MS63 $20 Libs were $75-$150 higher than the MS62’s. Back in 2010, MS63 $20 Libs were “bid”, meaning dealers were willing to pay $1,800 while spot gold was only $1,000. Currently you could say the jumping off point to the highest grade numismatics is at the MS63 grade for Liberties and MS64 for Saints. The next grades higher carry much higher premiums. Please keep in mind, these grades of MS63 and MS64 are way up the totem pole and represent extremely high grading and thus rarity.

As we told you last summer, premiums really compressed for the numismatics, particularly the MS60-62 range. These could be purchased for roughly the cost of a current year American gold eagle or Canadian maple leaf. Now, MS63 Libs and 64 Saints have seen premiums shrink to roughly that of eagles. This offers an incredible opportunity whether you are an outright buyer or want to swap current bullion into rare and uncirculated coin. Current pricing is stupid cheap!

Why have premiums collapsed? Because since 2011, the bear market in precious metals has destroyed sentiment and created sellers who became worn out, just as a severe bear market in real estate might reduce or even wipe out premiums for waterfront vs. inland property. The premiums will once again expand but confidence and desire to own must occur for the premiums to begin to come back. Should a whiff of confiscation come about, good luck finding ANY product resembling the spot price of gold…

What I am talking about here is positioning yourself in gold which we believe to be the ultimate financial lifeboat …but in a first-class seat without paying any additional fare to do so. Your downside is the price of spot gold, your upside is not quantifiable but very substantial based on history. In the event of confiscation fears or outright confiscation of bullion, your “coin collection” could become priceless. These are 100+year old, uncirculated and individually graded, documented and individually packaged coins considered as “collectibles”.

If you do not own gold and are looking to enter, these higher-grade collectibles are the preferred seat without the higher fare. If you already own bars or current sovereign bullion, you can swap at very little cost into a first-class seat. When retail demand does re-emerge, the spread between a MS62 $20 Lib versus a MS63 $20 Lib may move from the current ridiculous $20-$30 to $100 or many, many multiples. The time to purchase anything of high quality is when the entire sector is on a fire sale. That time is now!

If this is something you’d like to explore, please contact me at bholter@hotmail.com. I will be happy to discuss this with you and explain all the logistics involved.

Standing watch,

Bill Holter

Holter-Sinclair collaboration