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I speak the facts as they were at that time, every mine goes through crisis from time to time with the same result.
Other miners along with CEY are in the same boat .
SP is no real indicator of anything other than the buyers and sellers,apart from the institutional holders and they have stayed put.
Contiuation.
It is unlikely the US has the Gold Reserve it says. Take for example of Germany a few years ago. 8 years to deliver.
If foreign governments want their Gold Bullion back , tough . They will be offered promisiury notes. Like their Government Bonds.
Its been loaned or sold years ago.
But of course my humble opinion.
It is the fact that the FED need to keep the $ high for confidence in it, no matter how. for the all important Worlds Trading Currency.Its not there yet cause the Eastern Nations trust Gold.It will take a few more years.
Statistics massaged .Then sell massive amounts of paper deivitetives every time it goes out of their cofidence zone.
Gold is inverselvely strong to dollar .
Tony unless they dream up some more news today, next weeks US Banks meeting,will be the next downer.
But notice the recovery in Gold SP is getting quicker each time the Comex Gold is sold off, after news that affect gold to the downside.
That is generous .
All I try to do is speak the apparent truth, there are too many suppositions on this BB .
people get diverted , but it is clear if you read most of the "News" on mainstrem media it is biased.
They speak of paper Gold price not Physical. Especially the US .
The WW3 which is financial, goes on.
Most Banks worldwide are buying GOLD , why , they are hedging , for "Black Swan" events which is becoming more probable at this time in history. Fiat paper eventually could not buy anything in the commodity markets.
Tommorrow is another day.
Steve, its maybe looking at the factual evidence.
The US if it were a bank, would legally have to declare insolvency.
They spend much more than earn,and have the worlds largest deficit.
And little chance of changing.
Yes indeed they have.
But its the resoning and reality of the US economy ,thats important.
Deception eventually gets monotunus and becomes questioned.
As with the non real news in the media ,or boring propaganda that is constantly being peddled.
With help from massaging statistics.
Crying all is good ,far to often.
Time will tell.