Posted at 9:22 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

New management at TRX delivering on previous guidance.  We look forward to Q3 and beyond! 

TRX Gold Reports More Growth at Buckreef Gold

TORONTO, June 07, 2022 (GLOBE NEWSWIRE) — TRX Gold Corporation (TSX:TNX) (NYSE American:TRX) (the “Company” or “TRX Gold”) is pleased to announce preliminary Q3 2022 production of 2,733 ounces of gold, exceeding previous production guidance of 750-800 ounces of gold per month, as well as preliminary Q3 2022 sales of 3,033 ounces of gold, both new records for the Company.

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Posted at 6:52 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

We just spoke about this on Saturday with subscribers, this is the beginning of a virtuous cycle to Hell.  Rising asset prices creates consumer spending.  Declining asset prices, now that so much debt abounds, will destroy consumer spending and lead to a condition of “NO BID”!

The Hamptons Summer Rental Market Is Collapsing

For the last decade and certainly during the pandemic, real estate in the Hamptons (and anywhere located outside of major U.S. cities) was in such high demand that prices skyrocketed and inventory became sparse.

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Bill Holter’s Commentary

More good stuff from Dismal Dave down under.  We thank him for his efforts!

‘A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury.

‘From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship.’ Alexander Tyler. (1747-1813).


PS. Bit of a lag ‘til the next one, folks; laptop needs some care and attention! Poor old thing!

      (Bit of a leap from Windows 1 to 11.)

Bill Holter’s Commentary

One would logically ask at this point, do they have the gold to deliver?

Austrian Monetary Gold Transfer From London To Switzerland, Planned In 2015, Still Hasn’t Arrived

A plan conceived by the Austrian central bank in 2015 to move 50 tonnes of their monetary gold from London to Switzerland has not been realized seven years later. Here is an introduction to what could possibly have happened.

Since 2007 the Austrian central bank (Oesterreichische Nationalbank, hereafter “OeNB”) owns a few kilograms short of 280 tonnes of gold. In a report released by the Austrian “court of audits” (Rechnungshof, RH) from February 2015 it stated Austria was holding too much of its metal (82%) in London at the Bank of England (BOE). The court of audits concluded that all contracts between OeNB and its external depositories, but mainly the one in England, contained deficiencies and auditing measures were lacking.

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Bill Holter’s Commentary

Covid/Vaccines?  This is a must watch funeral director from Britain’s first hand story …and now has been suspended.  

Whistle Blower Funeral Director John O’Looney Has Now Been SUSPENDED!

Now I know why this vid was labelled ‘A Must Watch’. This funeral director knows what is going on, and what is to come and it ain’t nice, but deadly…  Jesus, Come Quickly!

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Bill Holter’s Commentary

Very little capex spending on commodities over the last 5 years and many prices already at all time highs?  Quite the recipe!

‘Gold is a good place to put money these days, given its value as a currency outside of the policies conducted by governments.’ Alan Greenspan. (1926-    ).

Posted at 1:06 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

Mortgage interest rates have doubled, this was inevitable …and will be devastating!

Suddenly Here Comes The Inventory: Homes Listed For Sale Jump Amid Price Reductions And Sagging Sales

The shadow inventory emerges with perfect timing, just as holy-moly mortgage rates and sky-high prices keep buyers away.

“Inventory” in housing means homes listed for sale. Then there’s the shadow inventory – vacant homes that owners want to sell eventually because they have already moved into a new place but want to ride up the surge in home prices all the way, and then at the tippy-top, they’ll sell it to maximize their profits.

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Bill Holter’s Commentary

Lumber was part of the crackup boom which is now in the rearview mirror …

Lumber prices Have Seen No Relief In 2022 As Interest Rate Hikes By The Federal Reserve Have Put Pressure On The Housing Market

Lumber prices have seen no relief in 2022 as interest rate hikes by the Federal Reserve have put pressure on the housing market.

Lumber futures contracts measured in 1,000 board feet are down 48% year-to-date and sunk to a new 2022 low on Friday after briefly falling below the $600 level.

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Posted at 7:26 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

We’re already in a recession, commodities are stupid cheap to paper assets and gold is about to blow …Any questions?

‘Although there are countless scourges which, in general, debilitate kingdoms, principalities, and republics, the four most important, in my judgment, are dissension, (abnormal). mortality, barren soil, and debasement of the currency.

‘The first three are so obvious that nobody is unaware of their existence, but the fourth, which concerns money, is taken into account by few persons and only the most perspicacious, for it undermines states, not by a single attack all at once, but gradually and in a certain covert manner.’ Nicolaus Copernicus. (1473-1508).

Bill Holter’s Commentary

Really?  I am at a loss for words!

Redditors Are Furious At The SEC’s New Ad Campaign Portraying Them As Idiot Investors

Redditors at the subreddit Superstonk are posting obscenities directed at Gary Gensler, Chair of the Securities and Exchange Commission (SEC), over the new ad campaign from the SEC that appears to target young Reddit investors as fools that do no research before investing, lose all their money, and deserve a whipped-cream pie in the face. (Yes, a young investor actually gets a whipped-cream pie in the face during two of the ads. See videos below.) CNBC ran one of the new SEC ads yesterday.

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Bill Holter’s Commentary

SURPRISE!!!

CEO Of Large Spanish Pharma Company Bought A Fake Vaccine Card

See this story which is all over the news in Europe, but not in the US. Here it is in Spanish. This is not fake news.

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Bill Holter’s Commentary

How is this even possible in a land where the “most free, fair and secure elections” are held?

Georgia Voting Bungled: Hand Recount Drops Democrat Winner to 3rd Place

A shocking new report lays bare the anxiety many voters continue to feel about ballot integrity following the 2020 elections.

According to the Atlanta Journal-Constitution, the Democratic primary for a county in Georgia has been called into question after a hand count revealed that voting machines were off by thousands of ballots.

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Bill Holter’s Commentary

Is not overprinting your currency the definition of inflation?  Please check an older and “unaltered” dictionary or encyclopedia to confirm we are telling you truth.

Putin Says US Decision To Print Money Is Behind Soaring Food Prices

Earlier, we reported on the deranged, confused, false ramblings of a senile old man who is so out of his depth in running the world’s biggest economy, the catastrophic results will soon be obvious to even his most die-hard fans. Now, it’s time for his nemesis on the world scene, Russia’s Vladimir Putin to respond.

Speaking in a TV interview on Friday evening, following a meeting with African leaders in Sochi, Putin accused Western leaders of trying “to shift the responsibility for what is happening in the world food market” and said that “restrictions imposed by the US and its allies against Russia and Belarus will only exacerbate the looming global food crisis by affecting fertilizer trade and sending the food prices further up.”

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Bill Holter’s Commentary

Here is a shocker for you!

US Social Security And Medicare Approach Insolvency, Warns Trustees

Both Social Security and Medicare programs are heading towards insolvency in the coming years, according to annual reports released by the Trustees of the two programs.

The Social Security program will be insolvent in 13 years by 2035, the Social Security Trustees said in its report (pdf). Though the finances of the Social Security program have improved slightly when compared to last year, it still remains in peril.

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Posted at 6:24 AM (CST) by & filed under In The News.

TRX Gold Confirms Northeast Extension of the Buckreef Gold Main Zone and Expands Exploration Program With Additional Drill Rig

TORONTO, June 02, 2022 (GLOBE NEWSWIRE) — TRX Gold Corporation (TSX:TNX) (NYSE American:TRX) (the “Company” or “TRX Gold”) is pleased to announce a 250 meter (m) extension of the Buckreef Gold Main Zone to 1.8 Kilometers (kms) and positive assay results from the northeast (NE) step-out drilling program on the Buckreef Gold Main Zone.

The results are positive and significant for the Company as they demonstrate: (i) good width and grade of mineralization consistent with the Buckreef Main Zone; (ii) successful step-out extending the strike length of known mineralization; (iii) gold mineralization open to NE and at depths to 250-300m, again consistent with the Buckreef Main Zone; and (iv) the immense opportunity to generate and drill significant exploration targets to expand the scale and scope of the Buckreef Gold project. The Company continues to execute its sustainable business plan in which cash flow from mining operations funds value creating activities, including, in this case, successful exploration.

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Bill Holter’s Commentary

“Despite widespread condemnation, Trudeau’s government moved to make the asset freezing part of its Emergencies Act a permanent fixture.”

And you don’t think they will do this again …on a far larger scale?  

Canadian Bank Apologizes To Freedom Convoy Protest Participant For Freezing His Account

A Canadian bank has apologized to a man who participated in the Freedom Convoy protest for freezing his account at the behest of Justin Trudeau’s government.

Earlier this year, in order to stop what the Trudeau regime referred to as “illegal blockades,” the government froze bank accounts belonging to demonstrators and others who merely donated money to them.

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Bill Holter’s Commentary

And Ukraine will pay for these weapons how?  Oh yeah, with part of the $40 billion of taxpayer money they are receiving!

US To Sell Ukraine Advanced Drones Armed With Hellfire Missiles In Coming Days

Despite a mere days ago President Biden pledging in a New York Times op-ed that under his watch the United States would ensure it avoids supplying the Ukrainians with weapons which could penetrate deep inside Russian territory, given the potential for wider war with Russia, the White House is now said to be mulling the transfer of multiple MQ-1C Gray Eagle drones which can be armed with Hellfire missiles.

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Bill Holter’s Commentary

 JPM will be very conservative with their balance sheet?  Does this include unwinding the $trillions of derivatives they are counterparty to?  Or the derivatives just don’t matter …because they don’t?

Jamie Dimon Says ‘Brace Yourself’ For An Economic Hurricane Caused By The Fed And Ukraine War

JPMorgan Chase CEO Jamie Dimon says he is preparing the biggest U.S. bank for an economic hurricane on the horizon and advised investors to do the same.

“You know, I said there’s storm clouds but I’m going to change it … it’s a hurricane,” Dimon said Wednesday at a financial conference in New York. While conditions seem “fine” at the moment, nobody knows if the hurricane is “a minor one or Superstorm Sandy,” he added.

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Posted at 7:06 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Does this sound familiar?

Bill Holter’s Commentary

Good luck with this!

Fed Starts Experiment Of Letting $8.9 Trillion Portfolio Shrink

The Federal Reserve is about to start shrinking its $8.9 trillion balance sheet, deploying a second tool along side higher interest rates to curb inflation, though officials don’t know just how effective it will be.

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Bill Holter’s Commentary

So, you think the jaws of stagflation are wide open now?  Just wait!

‘Economists, like royal children, are not punished for their errors.’ James Buchan. (1954-….).

Bill Holter’s Commentary

Look on the bright side, at least they are admitting to trying to “control the narrative”?

YouTube CEO Reassures Davos Elites That They Will Continue To Control The Narrative

Yet another story out of Davos that went mostly unnoticed by the mainstream, YouTube CEO Susan Wojcicki addressed issues of “misinformation” on the internet at the WEF forum and how the content platform plans to deal with it.

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Posted at 11:26 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Pastor Stanley with a Memorial Day message for you!

Remembering One ‘Private First Class’ And The Weapons Of War Provided Through God’s Word And Prayer For God’s People

Stanley J. Szymanski, first American born son (1918) to his Polish immigrant family, enlisted after the events of Pearl Harbor. He trained at Fort Dix. Stan went to Mexico with his new Army buddies on leave and got his first hangover and dysentery all at the same time.

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Bill Holter’s Commentary

SURPRISE!  Just one question for those who keep telling me the “White Hats” are in charge?  Never mind …

Michael Sussmann Acquittal By ‘Nightmare Jury’ Slammed By Republicans

Republican lawmakers decried Tuesday’s acquittal of former Hillary Clinton campaign lawyer Michael Sussmann by a federal jury Tuesday, with one GOP senator calling it “proof there are separate systems of justice in America.”

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