White House Down+China Crisis + Deutsche Bank = $2500 goldhi all, hope you are doing well and safe as we look into June and i must say some of our stocks in GOLD have moved nicely. I will recap this on my latest post. For now White house Down...just like the MOVIE as now a crisis is on the rise with the US and Trump over riots, inocent death in Minnesota and now Sanctions on China. What is next? What happens in June? Is this the month GOLD takes us to $1800 an ounce and to a quick knee jerk reaction to $2000 and beyond? I would say if OIL can go negative -$30 a barrel in April anything is possible for GOLD!! So...YES we can see GOLD any day of the week do something we have not seen ever in our life time! Now is the time to load up the truck on the juniors and keep the trend when its time to sell and take profits. So lets look at CHINA right now and the sanctions are real and could be significant as Hong Kong awakens its city street today and the riots continue. I want eveyone to watch live on YOUTUBE the recent interview with Bannon and be ready for GOLD to move when China does what i think they will do and dump the US dollar. The link is here for you to watch now....
https://www.youtube.com/watch?v=tPJkjzxhxmQ. Anyhting can happen today or even on Monday as the crisis has begun and sanctions are inplace. Now lets look at Deutsche Bank...dont be fooled just because the stock has moved up in price and they are doing eveyrthing in Europe to keep the bank from falling. Even a months pay cut from the top manager have been approached. What does that tell you about Europe right now? I honestly believe June can spark fire works and a shock that maybe some of us saw coming but didnt know how bad it is!! Total Bankruptcy!!! see link on the managers to take a complete month without pay see link....
https://www.ft.com/content/a331331b-772c-4a1e-877e-bb910436d079 This alone should reveal exactly what is coming or should have started the fear in May. Can the month of June clean house on the trueth and no more gasoline left to keep the engine going for this fake bank to keep the share price alive? Regardless they are running out of time and soon this bank will fall. Now lets focus on GOLD mining majors....wow and i mean WOOOOOOOOOW. Agnico Eagle almost hit $100 a share and also Newmount Gold corp just hit the big one! Also Barrick gold hit a 52 week high and Wesdome Goldmines hit a new 52week high. But, the biggest winner is my number one pick RBC Global Precious Metal fund hit a new 52week high of $61 a share this month of May. Also, they have a new look to the monthly reports so take a look at this link.
https://funds.rbcgam.com/pdf/fund-pages/monthly/rbf468_e.pdf . Talk about a profesionl new look as you can see the top holdings in the fund, All the best of the best majors are there in one bucket. Now for my predicitons on GOLD we are just on the cusp of a move in June like we have not seen before. We have some positive moves in May as i noted in the majors and GOLD price is next. As for the Juniors you will see more volume each day and share price is being kept low. Thats fine if you want to add to your positions. I know one thing the volume in Serengeti is keeping up each day and some nice block moves in the past two weeks. Remember my post when i stated that the BC government is starting to open slowly and once this Junior starts dirlling Kwanika and start to get back to work......you will be thankful that you held shares. Having over 2million ounces of GOLD in the ground indicated and Silver over 5million ounces is a $.50 cent target alone. GOLD is the kicker for this mine right now and Copper is next. If China does anything on Copper with the sanctions on China we could see inflation and a spike in Copper prices. Anything goes in the month of June and position yourselves to make money or stay out of the markets and hang on to cash. Nothing wrong with CASH only in the bank and you can always get into these markets when you want. Stay strong and stay well and enjoy the interview with Bannon!! Also, one tool you all should remember to use and save this link to check the markets before Monday trading is Weekend Wallstreet!! this is the best site that will tell you where the markets are headed before they start.....use it always...
https://www.ig.com/en/indices/markets-indices/weekend-wall-street.