Look at what is skyrocketing ahead of the Fed meeting!
Look At What Is Skyrocketing!
May 2 (King World News) – Peter Boockvar: We’ve been focusing closely on the jump in metals prices, particularly aluminum and nickel in addition to oil but quietly food prices have broken out to an 8 1/2 month high. Corn is near $4 per bushel for the first time since June 2016. Wheat is at a 10 month high and cocoa is at the highest level since September 2016. Soybeans are holding above $10 a bushel. Declines in supplies and weather issues in Argentina are two of the factors. Ag remains my favorite commodity area outside of the precious metals. (see chart below).
Food Prices Breakout To 8 1/2 Month High!
What Does This Mean For Gold & Silver?
Despite the recent pullback in commodities and rally in the US dollar, the central banks of the world are now in serious retreat in a number of major markets. Meaning, the folks in the massive Federal Reserve trading room are extremely busy, trying to prevent trouble that could escalate into serious market dislocations. The bad news is that all markets are bigger than any central bank(s) or government(s). QT is going to be very painful for holders of paper financial assets and bullish for gold and silver.
Speaking of gold…
Eric King: “Your stock was halted because the results that you released were incredible.”
Matthew Hornor: “Eric, the drill results that Maple Gold just now released are some of the greatest drill holes in the history of this entire project. From today’s release:
Maple Gold reports drill results from central Porphyry Zone at Douay: 158.2 metres @ 1.25 g/t Au, including 52 metres @ 3.53 g/t Au
The Next “Super Pit” Gold Project In Canada
Matthew Hornor continues: We still have more than 9,000 assays at the lab that we are awaiting to receive results, and should have them within the next few weeks, but today’s results indicates that this particular zone widens, and may extend well beyond the currently defined zone, and with much higher grades. In addition to the 158 meters of 1.25 grams per tonne, we also had a 52 meter intercept at 3.53 grams per tonne and 21 meter of 7.87 grams. We are now extremely confident that this project will be the next “Super Pit” gold project in Canada.
Eric King: “Matthew, this was your quote from today’s release:
“This interval appears to represent one of the 5th best intervals in the entire 760+ drill-hole database and the best intercept reported from the Porphyry Zone to-date.” Hornor added, “We are very pleased to receive such a positive result with only a fraction (~25%) of the assays received to-date, and one that indicates this particular zone widens and may extend beyond the currently-defined zone with higher grades.”
Matthew Hornor: “As I mentioned earlier, we still have 9,000 assays at the lab and we we will be releasing results for the new few months. This means there will be a great deal of news still to come in terms of drill results.
Eric, I know that you have purchased 1.5 million shares of Maple Gold and there are many other KWN readers that have also purchased shares. We encourage all KWN readers around the world to go to maplegoldmines.com to review today’s drill results in detail as well as the photos that are contained in today’s release. We would also encourage them to reach out to the company, they can call Joness Lang directly at (778)686-6836.” Maple Gold – Stock symbol MGM in Canada and MGMLF in the US.
***Also Just Released Important Update On The Stock Market, Plus A Note On Gold CLICK HERE.
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