Member Info for booboouberbear

The Fed is running out of firepower alright, there is only so much mortgage backed securities garbage it can buy, it already owns 40% of the US Mortgage Market in one form or another which is why you are now having psychotic volumes and prices in the US Housing Market, with the Fed owning the market, playing the US Housing Market as an investment has become a one way ticket to double digit returns as “investors” have twigged that there can never now be a housing correction collapse as the Fed can’t allow it, it would crash their banks and the Greenback, so the bubble will just keeping growing until the inevitable POP!

it will have to be Congress who fills that gap, and the numbers (if it is a Biden clean sweep on Nov 3) will truly be eye watering, it will probably be a USD$4 / 5T number IMHO.

No matter what happens or how the specifics of this actually pans out, this all ends in huge inflation and certainly serious civil issues (maybe some genuine regional instability in places like Italy).

Some of the weaker countries will almost certainly in any scenario succumb to the likes of the Weimar Republic (1922) or Hungary (1946) where they lost all control of their FIAT, most in the West will likely have to enact some kind of yield curve control (this is being done by the US Federal Reserve by stealth just now) like what happened after World War 2 when in the US yield curve control was enacted in the mid to late 40s and ended up in 20%+ inflation in order to inflate their wartime debts away.

There is no historical example I have studied where countries that have debased their currencies to this current day percentage levels and are handed a get out of jail card. The piper will be paid, somehow…

The west is bust and liberal democracies that once thrived are now on their knees. Get ready for ever more draconian laws and some mad form of modern monetary theory, it all ends in a massive bust and probably a dust up somewhere, sadly, we have been here before, haven’t we…

BTW a USD$2T stimulus in the event of a Biden Executive / Legislator clean sweep will be a vast underestimation of what is coming IMO. More like the USD$4T the House / Pelosi passed back in July (that never saw the light of day in the Senate). And that is just the start of the “progressives” spending pans.

BTTB,

One of my finest memories of Thanksgiving Day Turkey in the US was at a good friend of mines house in Memphis, TN just after the 2008 Obama Election. It’s the first time I have ever seen a whole turkey deep fried in a pot of oil in his back yard, It was delicious, but one wrong move and the house was getting burned to a crisp, there must have been 10 gallons of oil in there under a propane stove and he just plopped the turkey in it lol.

For me I’m staying put. I may be able to get in an out with some profit and then be able to come back in again, but I might also **** it up and lose out on it, these are the risks I guess.

The story of the remainder of the year however, which will cement Gold’s long term bull run is the US, not the election, but the COVID-19 rates IMO. At circa 70k new cases per day and zero national plan to deal with that (whatever you may think that should be) they will go into the Thanks Giving Holiday (where 125 million people take to the roads and travel somewhere in country) where IMO you will see COVID-19 infections sore to 100k+ per day (and probably way beyond).
There could be meltdown coming in the US and with it I expect Biden to throw open the spending on a scale to GDP not seen since the Great Depression, New Deal era and with it you will see the Greenback tank.

I am not too fused short term, 20% here or there, as the medium to long term will easily outweigh this.

Yes, they mention “North Mara and Geita Gold Mine” as they clearly they think they have something special here in size or grade and the next 12 months will prove that (or not) and with this much drilling we should get very regular drilling and exploration updates along.

“Three phases of infill drilling between 0-700 metres below surface to convert resources into reserves targeting the potential for reserves of 786koz Au at 12.82g/t;

Expansion drilling within the existing 43-101 resource with numerous proximal targets for potentially significantly increasing the resource;”

https://www.s.h.a.r.e.p.r.o.p.h.e.t.s.com/views/51907/shanta-gold-remains-a-buy-following-fundraising-and-with-production-increases-to-come-in-the-future

Decent write up today by GN on SP (P.S the link won’t work as I had to alter it so I can post it on LSE) easily found by a quick Google search.

Some 239m shares (new and existing) have found a new home today which shows you the level of II interest that wanted to get in here.

Come April and a dividend policy and unhedged 90k+ ounces of gold being sold the SP should only be going one way when considering Singida in construction and the potentially explosive drilling results at WK.

Beyond all of that the AUX prices will underpin all of this, I also expect those to go handsomely north from here once COVID-19 has wrecked the US economy this autumn and winter and the inevitable Joe Biden multi-trillion dollar reflation package that follows.

This wouldn’t have been a well-kept secret…

‘The Retail Offer, via the PrimaryBid.com platform, is open to individual and institutional investors now and will close at 9 p.m. on 22 October 2020. The Retail Offer may close early if it is oversubscribed.’

The institutional investors who want in will have been prepped far in advance of this waiting for this offer and will gobble them all up this evening. It’s AIM after all, you need to know your place place as a PI.

The good thing is they will have been sold on an understanding that they will be dividend yielding shares once the placing is completed / hedge removed. So there should be a quick bump coming IMO.

Placing to fund WK.

https://www.reuters.com/article/usa-economy-housing/u-s-existing-home-sales-blow-past-expectations-in-september-idUSL1N2HC1JI

https://tradingeconomics.com/united-states/new-home-sales

At current trends, before the year is out America will probably be in the biggest housing bubble in its history, even larger than the 2005 / 2006 bubble that burst in calamites fashion. Prices and sales have now gone parabolic on cheap mortgages and the us Federal Reserve buying any Mortgage Backed Security that moves. Who knows when this madness all ends but we all know it does and how…

That’s kind of the point, it’s print cash and feed your population. Debasement and inflation is now the only game in town. I’m a mega bear on this stuff, and even I am probably underestimating how ghastly this could get.

So utter dismal we aren’t far off budgetary collapse in the US and Europe and with it the printing presses will have to go into overdrive over the next 6-12 months just for things to stay afloat. It’s going to get ugly. Time to hide under our AU comfort blankets I think. An new all-time AUX high can only be weeks away IMHO.

The real SP fireworks will happen from January onwards when the hedge disappears and the 14% jump in output kicks in.

The VAT situation is a joke thou.

Would be nice to see 22k ounces again for Q3, the way in which the positive news has and continues to flow here let’s hope the bumper production numbers keep up and with the 14% extra capacity to add early in the new year too with the milling upgrades.

Very much hoping 2021 is a 100k ounce / unhedged year. Imagine what happens if AUX kicks on…

Another excellent RNS. Incredible potential for a project of even larger magnitude than I think they’d dare admit on an RNS. Once we start drilling I doubt 1m ounces an 9 year LoM will touch the sides IMO.

the tick up in Coronavirus rates in Europe and the US, surely we will see another record in AUX before the year is out?

https://twitter.com/shanta_gold/status/1313839534405234690

Might have been posted before, sorry if it has. Positive progress for ramping up at NL.

Great day for AUX so far today and SP approaching 20p.

A Democratic Party clean sweep of the White House / Capitol Hill in a few weeks (if you believe the polls that is what is coming) will see Biden instigate the largest federal spending programme in many, many decades, it will be dressed up as ‘we will tax the rich to pay for it’, but considering how good the rich are at hiding their money, it will be a small bit of tax on the middle, and trillions in government borrowing to pay for it.

The uber-left hawks in their Congressional ranks (OAC and a like) don’t want a stimulus deal with Trump now, they want to play hardball and leave it for January where they believe they can pass something truly never seen before, they think there time has come, and they may be right.

Harris, his V.P pick (she had the craziest spending plans of all the Democratic Presidential hopefuls) will only have come on board on the basis that they will spend like crazy in the first 2 years of a Biden Presidency.

You see the elite, rich and the markets are fine with massive dollar devaluation, as long as it benefits them, they will prop up the USD$ and the Markets as long as they keep getting richer, if devaluation is aimed at the benefit of the poor and the lower middle, then expect the dollar to take a taking during a Biden Presidency.