Proven ProbableCategory: Uncategorized
Original Source: https://usawatchdog.com/going-to-get-bad-really-bad-david-morgan/
By Greg Hunter’s USAWatchdog.com (Saturday Night Post)
Last year about this time, precious metals expert and financial writer David Morgan was warning about massive money printing and the so-called “everything bubble” popping. Inflation is the pin, and it found the bloated debt bubble. Now get ready for some pain as Morgan explains, “It’s going to get bad, and I mean really bad. There is already mass starvation at the lower end of the economic scale in third world countries. . . . Prices are going to be untenable for many people, especially those in the middle class. When you get gasoline going up to the $5, $6, $7 range and you’ve got food going up to the level it’s gone up to and continues to go up to, it’s going to be bad. I am focusing on real stuff, not the bond market or what the price of gold is going to do. I am talking about day-to-day living. . . . When gasoline goes from $3.50 per gallon to $5.50 per gallon and you start doing the math on how much it takes to fill up your car and drive it back and forth to work every day, all of a sudden you’ve got diminishing returns. Then factor in what your heating bills and what your grocery bill is going to be. So, there is going to be a lot of people at the margin, and the margin keeps moving up. It’s a few percent of the population. Then it’s 10% and then 20% and so on. When food gets to be 50% of your budget, then there are food riots. That’s the trend . . . and I think we will get there. . . . We know the ‘Arab Spring’ was not about politics. It was about food. We are going to see ‘Arab Springs’ spring up all over the place because of food costs and availability. You can have a lot of money and not be able to get food too.”
It’s not just physical assets that are going to be affected, but the financial system too. Morgan says, “What is all this going to do to the financial system? It’s breaking, but it’s been broken for a long time. We just have not seen the end result—yet. I don’t think the bankers really thought this through all the way. If you look at the way Russia is, they are a hardened people. They are used to suffering. They are used to standing in line for bread and potatoes. They are not like other nations. . . . This is going to get uglier and uglier and harder and harder. I do not think this is going to get resolved anytime soon.”
What does Morgan see coming? Morgan says, “There are going to be cyber-attacks, and they are going on right now. There is going to be communication breakdown. Number three, there are going to be consequences that nobody can see at this point. And to reiterate, it’s a mess, and it’s going to get messier, and it’s not going to be resolved quickly.”
Morgan see’s gold at $2,300 by the end of this year and silver near $40 per ounce. In 2023, all bets are off, and Morgan contends you could see both metals way higher than they are now. Morgan says, “Silver will outperform gold in the long run on a percentage basis. . . . Silver will outperform gold four to one.” Morgan also says, “Demand for the metals from pensions funds and other big money managers is a “trend that is just getting started.”
Morgan also talks about the importance of cash and what the signal will be to get out of the U.S. dollar.
Join Greg Hunter as he goes One-on-One with David Morgan, publisher of “The Morgan Report” 3.12.22.
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https://rumble.com/vx7squ-going-to-get-bad-really-bad-david-morgan.html
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Figure 1
Figure 2
Key Highlights:
- Surface geochemical program completed August 2021 identified new gold in soil anomaly extending over one kilometer northeast of old workings.
- Results up to 1.09 ounces per ton gold and 1.10 ounces per ton silver in soil samples.
- Anomaly located downslope and along strike from the Apex Mine.
VANCOUVER, British Columbia, March 09, 2022 (GLOBE NEWSWIRE) — Millrock Resources Inc. (TSX-V: MRO, OTCQB: MLRKF) (“Millrock” or the “Company”) reports that positive assay results from a sampling and mapping program carried out in August 2021 have been received and compiled. The soil sampling results indicate that known mineralization at the former-producing Apex Mine likely extends 1,000 meters to the northeast.
Millrock President & CEO commented: “These are excellent results that show the gold-bearing quartz vein structure known from historic mining has significant strike continuity. Some of the soil sample numbers are of exceptional tenor.”
The exploration work was completed during August 2021 and consisted of a soil geochemical survey (439 samples), rock sampling (39 samples), and geologic mapping. Soil samples were collected along a 20 meter by 40 meter spaced grid. The survey was designed to test the presence and extent of gold-bearing quartz veins along strike and down-valley from known gold mineralization at the historic Apex and El Nido Mines located within the Cann Creek drainage.
Figure 1. Project Location Map is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9cbfaf28-0aa9-452b-b688-e765553b6481
Figure 2. Soil sample locations and results for gold assays, Apex project is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/94bb9851-3fb9-4d5d-b5f6-ed3ab84dae08
All assay results have been received from the exploration work. A broad gold in soil anomaly was identified by the geochemical survey in the lower cirque valley of Cann Creek. Assays of soil samples returned values ranging from below detection to a maximum of 33,900 parts per billion gold (1.09 ounces per ton) and 34,400 parts per billion silver (1.10 ounces per ton). One hundred and seven of the 439 samples collected returned highly anomalous values exceeding 80 parts per billion gold. The anomaly occurs at approximately 300 meters elevation below outcropping vein exposures that host the Apex Mine and extends over one kilometer down valley from the historic workings, along strike of the vein swarm. The anomaly is also underlain by the same rock units (diorite and amphibolite) that hosts the Apex vein.
On August 12, 2021, Millrock announced that it had entered into an agreement with Coeur Explorations, Inc., a wholly-owned subsidiary of Coeur Mining, Inc. (“Coeur”), concerning the Apex gold project in Southeast Alaska. Under the agreement, Coeur agreed to fund approximately $200,000 worth of exploration work. Coeur has met its obligations by funding the work, but has elected to terminate the option agreement. Millrock is free to further explore the project on its own or find another earn-in partner.
Millrock President & CEO Gregory Beischer commented: “We enjoyed working with the Coeur Explorations team and thank Coeur for advancing the project. The soil anomaly presents a compelling target for drilling and significantly expands the strike potential of the small, historic underground mine”.
Quality Control – Quality Assurance
Millrock adheres to stringent Quality Assurance – Quality Control (“QA/QC”) standards. In this case, the assay work was done under an agreement between Coeur and the assay laboratory. Samples are kept in a secure location at all times. Samples were assayed at the Bureau Veritas laboratory in Vancouver, Canada. Preparation and analysis methods are described in further detail here. The sample preparation method codes utilized for the program were SS80 for Soils and PRP70-250 for Rocks. Analytical methods used were FA430 (lead collection fire-assay fusion-AAS finish) and MA250 (4 acid digestion Ultratrace ICP-MS) for all samples. A 10% QA/QC sample insertion rate was used for all samples: 5% CRM (Certified Reference Materials) of known gold concentration and 5% blank material. The Qualified Person is of the opinion that the results reported in this press release are reliable.
Qualified Person
The scientific and technical information disclosed within this document has been prepared, reviewed, and approved by Gregory A. Beischer, President, CEO, and a director of Millrock Resources. Mr. Beischer is a qualified person as defined in NI 43-101.
About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. Millrock identifies, packages, and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the usual financial risk taken on by most exploration companies. The company is recognized as the premier generative explorer in Alaska, holds royalty interests in British Columbia, Canada, and Sonora State, Mexico, is a significant shareholder of junior explorer ArcWest Exploration Inc., and owns a large shareholding in each of Resolution Minerals Limited and Felix Gold Limited. Funding for drilling at Millrock’s exploration projects is primarily provided by its joint venture partners. Business partners of Millrock have included some of the leading names in the mining industry: EMX Royalty, Coeur Explorations, Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet, and Altius, as well as junior explorers Resolution, Riverside, PolarX, Felix Gold and Tocvan.
ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
Toll-Free: 877-217-8978 | Local: 604-638-3164
Twitter | Facebook | LinkedIn
Some statements in this news release may contain forward-looking information (within the meaning of Canadian securities legislation) including without limitation the intention to form earn-in joint venture agreements and to perform further exploration. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements.
Categories
What the DSI is Saying Today
Bob Moriarty
Archives
Mar 9, 2022
Regular readers are well aware of how important I believe the DSI is. Frankly if you are a serious investor and have a substantial sum in the market, the information is the most valuable I am aware of. As Rick Rule likes to say, “You are either a contrarian or a victim.”
Since the MSM and Klaus Schwab demand we pay all our attention to what might be a make believe war in Ukraine you probably should be aware of the DSI numbers. Many are as extreme as any time that I can remember. If we were in a normal world these would be turning points either up or down. Since we don’t live in a normal world but a multi-part horror show led by the WEF, I can’t tell you what the numbers really mean today.
| As of March 8th, the DSI is: | ||
| Gold | 95 | |
| Silver | 93 | |
| Platinum | 90 | |
| Palladium | 91 | |
| S&P | 11 | |
| Nasdaq | 13 | |
| Euro | 9 | (hit a low of 5 on the 6th and 7th) |
| Dollar | 88 | (hit a high of 92 on the 7th) |
| Crude | 93 | (hit 96 on the 6th and 7th) |
| Heating | 93 | (hit 97 on the 6th and 7th) |
| Gasoline | 93 | (hit 97 on the 6th) |
| Wheat | 83 | (hit 96 on the 6th and 7th) |
| CRB | 93 | (hit 95 on the 6th) |
To me it suggests the possibility of a turn in all these commodities.
###
Bob Moriarty
President: 321gold
Archives
321gold Ltd
Gold futures jumped above $2,000 an ounce on Tuesday, extending its rise toward its highest price since August of 2020 as the war in Ukraine fueled bids for safe haven assets like bullion.
Meanwhile, palladium prices were running near an all-time high as the Ukrainian crisis in its second week, prompted a surge higher in the broad commodity complex.
April gold GCJ22, 2.47% GC00, 2.45% rose $18.90, or 1%, to $2,015.20 an ounce, following a 1.5% advance on Monday, which has put bullion at around the highest level in about 18 months, hitting a Tuesday peak at $2,027.80.Gold Continuous ContractSource: FactSetAs of March 8, 9:56 a.m. ETApril 2020’21’221,4001,5001,6001,7001,8001,9002,000$2,100
Despite the rally in gold, some market participants are skeptical about the continued upside in the precious metals. At least one strategist speculated that restrictions on purchasing crypto, such as bitcoin, would prompt Russia’s central bank to dump a chunk of its reserves of gold to get cash.
“The Bank of Russia, for the most part, has no other means but to sell off the gold from its reserves in Russia. These steps could be taken tomorrow, as Monday and Tuesday were national holidays [in Russia],” wrote Alex Kuptsikevich, a senior financial analyst at FxPro, in a Tuesday note.
Thus far, gold prices, and those for other precious metals, have been buttressed by doubts about central bankers’ ability to limit the rise in inflation in the face of the geopolitical tensions.
“Investors are liquidating their positions in risky assets and are hesitant to pump more capital into equity markets,” wrote Naeem Aslam, chief market analyst at AvaTrade, in a research note. “These dynamics have pushed the price of the yellow metals towards $2,000.”
Meanwhile, futures for palladium were rallying toward $3,000, with the white precious metal gaining $68.10, or 2.4%, to $2,970 an ounce, at last check, carving out a fresh all-time high.
A retreat in the dollar, down 0.2%, from a 2020 peak, as measured by the ICE Dollar Index DXY, -0.34%, also was helping to support purchases among overseas buyers.
Bob Moriarty
Archives
Mar 8, 2022
I wrote an important piece last week. Here is a response from one of the trucker supporters married to a banker.
“If the best run and most financed bank in the world has a bank run, they close the doors. Well, the entire banking system in Canada froze and the real reason Trudeau and Freeland did a 180 degree turn overnight was because they were told by the banks that unless Trudeau wanted to kill the entire economy of Canada, they had to cut out the stupid shit.”
Yup. I was there in the trenchs and my sweet Beryl, teller at the CIBC, was shell shocked. She’d never seen that much money go out the door. I live in a very upper middle class/rich neighbourhood and people were walking in and demanding 20K or 50K and their USD. It was awesome and it scared the shit out of the banks. Accounts were being closed, investment accounts moved, RSPs transferred.
The truckers lit the fire, the bank run turned it into an inferno.
I wrote Bill back and asked if I could repost what he said.
Absolutely.
To add a bit of flavour. I wanted to pull USD from my USD account. The branch had to order the cash. Fair ball. But poor Beryl had to go four days with “Well, things are slow at the cash place.” “Covid, they are short staffed.”
I love Beryl. I had to tell her I would be “annoyed” if the cash did not get in next business day. It did. So I was able to tell Beryl I was delighted and would not have to parade in front of the bank with my sign, “Where’s my money?”
She was relieved.
A lot of Canadians drained their accounts or closed them altogether. It was quiet but it was very, very, effective.
You can think you have all the power in the world but when you are wrong it can get expensive. Trudeau and Freeland didn’t have the power they thought they had.
Wait until the world wakes up to the stupidity of the US and EU loading Russia up with sanctions. They just blew up the entire paper money system. It will destroy the Euro first, then the bond market and then the dollar. When you fire any weapon there is always blowback.
###
Bob Moriarty
President: 321gold
Archives
321gold Ltd
 |
| February 24, 2022 – Vancouver, BC: Riverside Resources Inc. (“Riverside” or the “Company”) (TSX-V: RRI) (OTCQB: RVSDF) (FSE: 5YY), is pleased to report it has signed an agreement with Agnico Eagle Mines Limited (TSX:AEM) for the sale of the Pima Property located in Sonora, Mexico, where Riverside will receive cash and completes the pass through royalty transfer with Millrock Resources Inc (TSV:MRO). The Pima Project is part of the Santa Teresa Gold Mining District which includes the Santa Gertrudis Gold Mine owned by Agnico Eagle. The Pima mineral concession is located inside Agnico’s property tenure and south of the known mine operation. Acquiring the Pima project allows Agnico to consolidate another part of its property concession and provides cash to Riverside. As a reminder, this project was originally added to Riverside’s portfolio as part of the 2019 purchase of the Millrock’s set of 5 (five) assets that included the Cuarentas and La Union projects (see press release September 11, 2019). This current transaction with Agnico allows Riverside to recover the amount of the Millrock transaction with profit and pass on the royalty to Millrock who has been a positive partner with the Company in Mexico.Riverside is now focusing on its 100% owned projects within its portfolio, including the Cuarentas Gold Project, which is located southeast of Agnico’s property and where drilling in 2021 discovered gold in intermediate sulfidation veins. Riverside plans to progress further work at the Cuarentas project in 2022. About Riverside Resources Inc.: Riverside is a well-funded exploration company driven by value generation and discovery. The Company has over $4.5M in cash, no debt and less than 75M shares outstanding with a strong portfolio of gold-silver and copper assets and royalties in North America. Riverside has extensive experience and knowledge operating in Mexico and Canada 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 properties available for option, with 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.comRaffi 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.  The Communications TeamRiverside Resources Inc. info@rivres.com Phone: (778) 327-6671 x 312 Toll Free: 1-877-RIV-RES1 (748-7371) Web: www.rivres.com |
Categories
Diamcor Mining
