Balmoral Resources Ltd BALMF

The Big One

[montybissett]

One of the other things I was disappointed in with Bar was this constant language of selling the asset and closing doors on a partner ship or building a mine. There have been ups and downs in the gold market forever. This time it could possibly be the the biggest boom in history unfolding. When was the last time they had close to 10 trillion at negative interest rates and the Fed at or near zero after promising 500 times over last few years to normalize interest rates. Even a dumby like me knows the answer. That would be zero. Most professionals with letters behind their names find it just about impossible to think out side the box. They are programmed. DW said his best advice was nickel a winner a couple years ago and I'm guessing gold a loser. As I have mentioned before W.T. sold a fabulous deposit at aprox 1,100 an ounce when gold was on it's way to 1,900. No royalty just grab the cash and head out of town. Since they did that deal debt in the world has close to doubled with no end in sight. Some really good companies are up 4 or 500%. They didn't take their eye off the ball. When you have an event like Brexit and the MSM talk about the world blowing up over it you know they are looking for excuses big time. Duetche Bank with 70 trillion of derivatives failing a stress test is far more imprtant than Brexit in the scheme of things. That situation must be far worse than we are lead to believe as they would have moved heaven and earth to get that mess passed. Stock far below even the 08 carnage. No one has any idea where price of gold is going or when this mess implodes but the date is getting closer. GLTA happy 4J to our southern neighbors