K92 Mining Inc T.KNT

Correction was short lived as Basel3 looms..

[merlin991]

I guess the bullion banks have to cover their short positions and so any orchestrated pushdown does not last long. 

Alasdair has penned a really decent article on China and gold. The dollar is toast as a reserve currency. The Chinese can topple it anytime they want. Note yesterdays announcement by the Russian Wealth Fund that they are removing all dollars from their fund and deploying in Euro Yuan and Gold.

The article is longish but very much worth the read:

https://www.goldmoney.com/research/goldmoney-insights/the-geopolitics-of-gold

[BlindBoy]

Brilliant article by Alasdair !   It's a lot to digest, but well worth the effort !  It sure beats the heck out of an article ZH posted yesterday (which is no longer posted), in which the author pretty much bemoaned the tragedy which Basel III was about to inflict upon the poor, much needed un-allocated PM participants. Today, in lock step with Alasdair's timing, his

[merlin991]

I think there will be a lot of shuffling on the comex contracts in the coming weeks as the bullion banks attempt to cover their positions.  I am sure they are building their strategy as we speak. I expect a lot of volatility but probably all around the current price. $1900 is a great price for a low cost producer like KNT. It is quite likely that bullion banks will shift some money into the