Northern Lights Resources Corp C.NLR

Monday morning financial crisis (and mania in gold prices)?

[ValuePro]

The Federal Reserve is holding an emergency meeting Monday morning.  I verified the news at their Web site.  What's behind this?

I don't know all of what the Fed knows, but here is some background.

In the last few days, some gold bullion retailers in London and Europe have run out of gold.  According to rumors, the supplier and bullion banker, Credit Suisse, may be in serious trouble - "a Lehman moment" - and there are other rumors of panic in the Credit Default Swaps markets. 

If that's not enough to cause panic, this source says that China will be dumping dollars to bolster their failing economy. 

https://markets.businessinsider.com/news/currencies/china-bank-dollar-yuan-currency-markets-economy-beijing-fed-hike-2022-9

Watch the price of gold as the market opens in Asia about five hours from now. 

Worst case scenario for the typical person?  Indescribable.  Best case?  Gold rises a little taking silver with it.

VP in AZ

[ValuePro]

https://www.wsj.com/articles/credit-suisse-seeks-to-calm-market-jitters-11664729994

[Totalmetalhead]

this is a NLR message board so stop posting articles from financial news sites just to take up space.

[ValuePro]

Just to take up space?  Do you mean that what is happening in metals markets like gold and silver is irrelevant to junior miners? Where did you study mining, or where did you go to business school?

[Totalmetalhead]

Its irrelevant here. Take this to the Reyna board if you want an audiance. All youre doing is filling the message board with meaninless tripe so new persons dont read the messages outlining the deraliction of the current management.

[ValuePro]

"Its irrelevant here." Economic news and mining news is irrelevant?  LOL And who are you to tell me what is relevant and what isn't?  Have you been elected the moderator here?  Do you fear freedom of speech?   Someone here needs to grow up, and it isn't me.   

[ValuePro]

This morning, minutes before the market opening, I see strong evidence that the market in gold is controlled. Silver is up well over one dollar and by 5.5 percent, while POG, usually limited by 3 times POS, is up only 8.60 dollars, or .52 percent. In other words, POS is up by TEN TIMES that of the POG! It can't last. Pressure can only build against those who think they can suppress POG.