Friday, 16 January 2015

Rick Rule, Peter Schift On Swiss Shock, Oil Crash And Gold.

Rick Rules: Capitulation In Gold And Resource Markets.

"Rick Rules gives us the very good description of the Capitulation in the Gold and Resource markets. By my personal observations we just had it in place. Rick outlines the big picture for Resources Sector perfectly. This is why I am personally in this business. Real assets will be needed, particularly if and when  we will have the growing world-wide economy. We can discuss all these details all time long and it will never matter before Mr Market will turn - maybe it is happening now.
  Please pay attention one more time what Alan Greenspan has been talking about FED and Gold! These are truly remarkable revelations at this particular turning point.
  We are moving forward with our companies: TNR Gold and International Lithium and advancing our projects. International Lithium enjoys two active J/V programs with Ganfeng Lithium, which is expanding their vertically integrated Lithium business in China now. In TNR Gold we have just concluded the major deal with McEwen Mining. Now TNR Gold holds NSR Royalty in "One of the World's largest undeveloped Copper deposits" - according to McEwen Mining, which is now for sale with clear title. TNR Gold has received shares in McEwen Mining and will get 1% of Los Azules copper project sale if it is done within next 36 months. This is the very nice addition to all our other assets: International Lithium 25.5% stake and 100% in Shotgun Gold deposit."

Gold Surges More Than 2% On Unexpected Swiss Bank Capitulation On Euro Cap.

  "We have the total blow out in the FOREX today on unexpected SNB move to discontinue its Euro peg. Now you can appreciate what will happen to Gold and Silver in the future when US Dollar - the most crowed Long trade will be unwinding. Gold is breaking above the very important 1250 level and Silver is above $17 now. Swiss Franc has surged 14% against Euro and Swiss market is down  -14% - the largest one day drop in its history. This is what happen when Central Bank's put is taking out. Now with Oil down more than 50% and this FOREX extraordinary move we can expect the spectacular blow up in one of the major financial players. Gold price will be the indication of the level of stress in the financial system.
  CNBC has aired very interesting interview with the head of IMF Christine Lagarde. According to her: IMF was NOT informed in advance by SNB about its change of policy. In Central banks world it is a No-No. So what is really going on now?"