On the heels of the announcement that the largest gold producer in the world Newmont Mining and will be merging with the 6th largest gold producer in the world Newcrest, this has many wondering if this will kickoff a golden wave of merger mania in the future because large miners outside of Agnico Eagle do not have growth profiles.
The global financial system is already doomed and the collapse will be terrifying.
Forget takedowns in the paper market because Putin is going to make gold be the center of the new monetary system.
The takedown in the gold market was about $100 top to bottom. Now we know why…
Desperate to keep prices from exploding higher when the price of gold was nearing $2,000 and silver was breaking out late in the week, the government sanctioned bullion banks sprang into action on Thursday and again on Friday with an orchestrated takedown of the metals in the paper markets. The perfectly timed rally in the US dollar is also assisting them with their shenanigans in the paper markets.
As we continue to kickoff what promises to be a wild year in financial markets, one thing is certain, chess master Putin is moving closer to destroying the US dollar.
The price of gold is surging near the $2,000 level but silver is having a huge day.
It’s time for investors the buy the f*cking dip as the gold and silver bull market is still in the early stages. This succinctly sums up the situation…
Things are tough all over but a shocking 28% of Canadian women are “completely out of money.”
Germans bought an all-time record amount of gold. Central bank buying 2nd highest level in history.
