The Week in Review

With the Democrat party putting on quite a circus show last week in fictitious claims once again about Donald Trump, and with growing liquidity concerns in the international banking system, it was distinctly a “risk off” week, evidenced by a 1.68% gain in the U.S. T-Bond and a rise in the Dollar Index to 98.761. It seems likely now that the U.S. dollar will be the last of the fraudulent fiat currencies standing when the existing dollar-based system goes down. 

Then it seems highly likely that when the system finally ends, the dollar could go up in a puff of smoke before some sort of new global totalitarian monetary system is put in place. Only God knows how this will play out, which means we have no choice but to put our trust in Him first (as it still says on the U.S. dollar bills) and secondarily trust in human wisdom. Based on history, it’s obvious that we should be exchanging fraudulent fiat money into gold, which was given to humankind by our Creator as an honest medium of exchange and store of value. Yet most of humankind does not believe in the Creator of the Judeo-Christian tradition, which, as pointed out in Timothy 6 (page 16), leads to human destruction just as we see it now taking place in an increasingly godless western world. I just returned from a week in Portugal and while many of our friends are not believers, they are alarmed at how rapidly traditional values in the West are spiraling downward and out of control.

With just one more trading day in September, I’m passing along my monthly gold chart, which shows the yellow metal taking a breather this month. Applying the London PM Fix, which is most often lower than the morning PM Fix thanks to the short-term manipulation through paper markets by the bullion banks, the values I’m showing at the close of this week fell below $1,500. However, as of Sept. 27, 2019, the average London PM Fix price of gold for this month is $1512.62 compared to $1,492.80 at the end of August. Gold is solidly in a bull market, as Michael Oliver’s work so clearly demonstrates. Markets have to breathe, so this is healthy market action even if it is uncomfortable for holders of junior gold stocks, as it was this past week. Clearly, on average our shares were hit hard and the hardest hit was no doubt Klondike Gold, which fell from $0.33 to $0.24, or more than 27%, on news that sorely disappointed speculative investors. The market reaction basically illustrates a lack of knowledge and/or pure gambling on the part of investors. I have commented in this issue about this press release but I would also suggest to those of you who own the stock, view the short interview that CEO Peter Tallman provided this past week to explain the objective of the drill program. While the first several holes are disappointing to those of us who hoped to see more blockbuster assays, if you begin to understand the complexity as well as the enormity of Klondike’s gold-bearing system, you may see the current price decline as a buying opportunity. Here is a link to Peter’s interview:  https://youtu.be/qfPQMSCNgdM.