Klondike Silver Update – Rick Rule Talks Stocks - Gold & Silver, The Dow, S&P 500 and Nasdaq - Points to Ponder
August 5, 2018
Re: Klondike Silver Update - Rick Rule Talks Stocks - Gold & Silver, The Dow, S&P 500 and Nasdaq - Points to Ponder
Klondike Silver Update
On August 2, 2018 Klondike Silver (TSXV: KS) issued a Press Release which stated:
The Company continues to be actively advance its the near-term production Silvana Mine which is part of its 100% owned, 100 square kilometre Silver/ Lead/Zinc land package located in southwestern British Columbia, Canada.
Several milestones have been achieved by the Company so that the 2018 exploration drifting and drilling program can commence along the Silver Mile section of the Main Lode.
On March 31, 2018 Klondike Silver completed the required Annual Reclamation Report for the BC Ministry of Energy, Mines and Petroleum Resources (EMPR). This document included a summary completed by the Company in the last 3 years.
On April 9th, 2018, the Company also sumitted an application to the EMPR to amend the Silvana Mine Permit (M-65).
This application allowed the Company to start new underground exploration drifting and drilling westward along the 4625 West Lateral drift into the Silver Mile section of thr Main Lode.
The proposed underground exploration program is based on the succesful exploration tachiques used by Silvana Mine underground workers over the past 45 years.
In preparation for underground exploration work, the Company has completed the required underground support rehabilitation work over the entire length of the Silvana 4625 level. This work has been inspected and approved by Golder Associates (Golder) and the confirmation report has been sent to the EMPR.
The Silvana Mine crew has obtained all neccesary secondary permits (i.e. explosives magazines, underground mine rescue, miner certificates etc) and acquired all neccesary equipment and supplies to immediatly start exploration drifting, once the approval from EMPR is obtained.
The Company is working towards undertaking the required 2018 Dam Safety Inspection and rquirement for an Engineer on Record for the Tailings Management Facility (TMF), as required by EMPR when Golder has completed the draft of the 2018 Operations, Maintenance and Surveilance (OMS) manual and the draft Emergency Response Plan (ERP) for the TMF, also required by the EMPR.
Klondike Silver has updated its Archaeological Chance Find manuel for future surface work on the property at the request of the EMPR
I have known RIck Rule for some 25 years. Rick is a very accomplished Analyst of Mining Companies whose shares he has recommended over time and still does.
At the recent 5th annual Sprott Natural Resource Symposium held in Vancouver, British Columbia, Canada Rick gave his usual compelling presentation to a packed auditorium. Rick said: “You only need one bull market to build life-changing wealth. And a new bull market may be knocking at the door…”
He also said: “I want to talk to you about this market a little bit in general and then talk to you specifically about what I am doing with my own money, with the understanding that what I do with my own money, may or may not be appropriate to you. It represents the most honest interpretation of how I see taking advantage of the market conditions that I see.”
Gold & Silver have been on the longest Down skid and they posted the 4th straight monthly decline. Many Investors have been building bets on further price declines and as of the week of July 23 Money Managers held the biggest net-short positions in Futures and Options going back to 2006. The Index of Gold Miners is on track for the 5th monthly decline this year.
Gold & Silver stocks has suffered a psychologically-grating year so far and continue to trade in a low-consolidation trading range. However, that will change once this Out of Favor Gold sector enters its strong season in the fall. Consequently, there is great upside potential but - - - we continue to believe that Gold will go below $1,000!
Could that down-spike occur this month or September or October?
We continue to stay away Day Trading Gold & Silver.
The Dow, S&P 500 & Nasdaq
We saw a bearish Close on Friday the 27th in the Dow, S&P 500 and the Nasdaq and this continued on Monday the 30th. The Nasdaq was Down 109.62 Points. This weakness in the Nasdaq allowed Inventors to Buy that Index and Investors were happy to book Gains on Tuesday the 31st of July.
However, Money is flowing into the US Dollar and as a result that money is going into the US Market and as a result we are witnessing great strength in the Dow, S&P 500 and the Nasdaq.
There is still is no indication of this profitable upward trend to change therefore, we will continue to Day TradeLong the E-Mini S&P 500 Futures and E-Mini Nasdaq 100 Futures for ourselves and our Clients.
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Points to Ponder
1. August 3, 2018 - Concerns About Influencing Markets My Take: According to Marty there are Banks, Funds, Hedge Funds and Investors like me who want ta succinct truthful forecasts even though these forecasts might be going against our interests.
Will there be a market crash tomorrow or something like that?
My Take: Absolutely insane Government Policy shows how screwed up the German Government is.
Says Martin Armstrong: “There is no actual proof that people or any person is really persecuted in the home country. Syria was at least a war zone. People have been pouring in from all over North Africa which is not in a state of war. If someone is taking a vacation for 21 days at government expense back to the place they fled, common sense dictates they are not refugees. Government incompetent is just off the charts.”
My Take: Absolutely correct - - - worldwide governments are exempt from all the laws that apply to us taxpaying slaves.
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When I Day Trade the Investors on whose behalf I Day Trade constantly must keep the following in mind:
Money is steadily flowing into the US Dollar and a lot of that money is going into the Dow, S&P 500 and the Nasdaq consequently US stocks are King.
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I do hyper-precise market evaluation to assist me in making optimum Return on Investment when trading the US Markets. This is a very valuable asset to have when I decide as to what to trade in the US Markets, based on Martin Armstrong’s advice based on his Artificial Intelligent Computer named “Socrates”.
Outside of the people directly working directly with Martin Armstrong, I am probably the best person in the world interpreting his work based on Socrates for myself and our Paid-for Subscribers.
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