With the world on the edge of war and the crude oil trading above $70, this spells big trouble for Europe but it will be great for gold.

QT Ending Spells Trouble For Europe
May 14 (King World News) – Here is what Peter Boockvar had to say as we await the next round of monetary madness:  European bonds are trading down across the board after we heard comments from ECB Governing Council member Francois Villeroy who said in an interview:

“The time when our net asset purchases will end is approaching, and as I already said, whether it will be in September or in December is not a deep existential question.”

On inflation:

“underlying inflation is set to strengthen, irrespective of short run fluctuations in energy inflation.”

Of note and very importantly:

“Nobody should expect us to delay warranted monetary policy normalization in order to accommodate debt problems of any member state.”

We must then ask ourselves what will happen to country budgets and debts when rates ‘normalize.’ Are they prepared? Well, they better be. Lastly, on when NIRP will start to get unwound:

“As far as the first rate hike is concerned, we could give additional guidance on its timing, ‘well past’ meaning at least some quarters, but not years, and its contingency on the inflation outlook.”

I don’t believe Villeroy’s comments should be a surprise to anyone but it seems to be a gentle reminder of what is to come. The euro is up for a 3rd day in response and bond yields are up 3-6 bps across all nation bond markets. My worry about what is to come for European bonds has been made clear many times as it’s just mind boggling where interest rates currently are on their continent.

Also of importance…

What Does This Mean For Gold & Silver?
Higher interest rates pose an enormous threat to the global financial system, particularly because the heavily indebted West cannot afford higher interest rate payments.  Bottom line,  QT is going to be very painful for holders of paper financial assets and bullish for gold and silver.

Speaking of gold…

Maple Gold drills 50 metres of 1.77 g/t Au and extends new Nike Zones in the NW Gap Area. Will add significantly to existing 3.2 million ounce gold resource base!


Maple Gold drills 50 metres of 1.77 g/t Au and extends new Nika Zones in the NW Gap Area  

May 14, 2018 – Montreal (Quebec): Maple Gold Mines Ltd. (“Maple Gold” or the “Company”) (TSX-V: MGM, OTCQB: MGMLF; Frankfurt: M3G) is pleased to report additional drill results from the Nika Zones located in the “NW Gap Area” between the Douay West, Porphyry and NW resource zones. DO-18-218 returned 50m grading 1.77 g/t Au (uncut) from 297m downhole (estimated 200m true vertical depth).

  • The up-dip extension of this mineralized zone remains open to surface
  • 50m intercept shows excellent continuity with few internal low-grade samples and more than
    twice the width and twice the grade expected as per the previous wireframe interpretation
  • This wireframe was not included in the Micon 2018 pit-constrained resource estimate due to insufficient drill density, therefore representing potential additions to the existing resource base

Maple Gold’s President and CEO, Matthew Hornor, stated: “We are very pleased with the early returns from the 2018 drill campaign. Defining the new Nika Zones and the additional success we’ve had in the NW Gap Area has the potential to add significantly to our resource base and brings us a step closer to connecting some of the zones in this large intrusive related gold system.”

Table 1. Assay Highlights for DO-18-218
The Company continues to be very encouraged with the early returns from the 2018 winter drilling campaign and looks forward to the final drill results from the NW Gap Area. To view drill-core photographs for DO-18-218, visit the Company’s website for additional images.

Maple Gold – Stock symbol MGM in Canada and MGMLF in the US.

***Also Just Released Greyerz – A Terrifying Trip Down The Rabbit Hole With Alice In Horrorland CLICK HERE.

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