June 9, 2019
Klondike Silver Update
By Press Release on June 5, 2019 Klondike Silver announced that the Company had received Assay Results from the first three (3) Diamond Drill Holes (DDH) which discovered the Main Lode Structure in the “Silver Mile” on which it is currently drilling. The Assay Results included results of 5.1 g/t of Silver and 2.01% Zinc, important Intersections within the Main Lode Discovery.
BC Mine MINFILE records confirm that up to 2010 the Sylvana Mine located adjacent to the East of the “Silver Mile” produced 242,982,741 grams of Silver, 28,691,304 kg of Lead and 26,299.854 kg of Zinc.
The Main Lode Structure is nine (9) kilometers (km) in length of which seven (7) km are located in the Klondike Silver Project.
Located on the Main Lode Structure, to the East of the Klondike “Silver Mile” there are nine (9) past producing Silver/Lead/Zinc Mines which mined richly mineralised zones of Silver/Lead/Zinc.
To the West of the “Sliver Mile” (on property not owned by Klondike), there are four (4) Past Producing Silver/Lead/Zinc Mines.
As predicted in Klondike’s 3D Geological Model, current drilling continues to intersect the Main Lode Structure. Klondike is presently drilling the sixth (6th) DDH of the original planned 13-hole Drill Pattern.
Tom Kennedy, Klondike CEO said: "We are very encouraged with the drill program results so far. Not only have we continually intersected the Main Lode in all the drill holes, we now have some encouraging assay results that demonstrate we are on the right track to advance this exciting Silver/Lead/Zinc project".
Based on these facts above, Klondike Silver anticipates that numerous richly mineralized zones of Silver/Lead/Zinc can be found in the “Silver Mile”.
Klondike Silver’s Goal
To discover richly mineralized Silver/Lead/Zinc Zones in the “Silver Mile”.
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On Thursday June 6, 2019 Richard Cox, contributing writer for Kitco, said this.
Gold, the Dow, S&P 500 and the Nasdaq
NY Gold Nearest Futures
As we move forward, the Richard Cox essay noted above on Gold, says a lot about the way that we expect the Gold to act.
This week in the Price of Gold we saw mostly Up days other than Wednesday and Friday when the Gold Price was Down.
Adam Hamilton stated on Friday: “Gold surged sharply over this past week or so, nearing a major bull-market breakout! Nearly everyone was surprised by this violent awakening, which erupted suddenly as gold languished around year-to-date lows. If this dramatic rally has staying power, gold has good odds of achieving decisive new bull-market highs. That would change everything psychologically, ushering gold and its miners’ stocks back into favor.
Gold has largely flown under traders’ radars this year, mostly drowning in apathy. Actually, this unique asset had a strong start, climbing 4.6% year-to-date by mid-February to hit $1341. While merely a 10.1-month high, gold was close to a major bull-market breakout. For several years now, gold has faced stiff resistance around $1350. It has repelled gold multiple times, looking like an impregnable Maginot Line.”
Although Adam Hamilton is correct I his statemen noted above, we continue to believe that Gold will first go below $1,000.00 and then below $981.50 and when it then goes above $981.50, which we expect to happen very quickly, then over time Gold will go to $5,000.00 or more.
Don’t wait until it goes down. Continue buying solid Senior and Mid-tier Gold companies and especially buy the Juniors like Klondike Silver who have Management you and I trust and who will create great Return on Investment for ourselves and you the Investor.
Dow Jones Industrials Index Cash
On Friday June 7, 2019 according to Martin Armstrong: “The bellwether Dow failed to get above the 26,500 area which leaves this Market vulnerable into the first week of July. Once again, we do not see a breakout to the upside until the ECM [Economic Confidence Model] turns and likewise, we do not see a major crash. A month-end close into the 24,250 area will signal we will most likely see a July low. We should see a Directional Change come into play on the Daily Level next week.”
Equity Markets remain hostage to developments in the ongoing US-China trade battle but, we still believe some that kind of deal will eventually be reached - - - most likely at a Xi/Trump meeting at the G20 Summit in late June.
The Indices were Up and Down this week and Day Traded successfully for ourselves and our clients during the week when we traded on both the Long and the Short side of the Markets.
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Points to Ponder
- June 5, 2019 – Where to Live in a Meltdown?
The United States is not part of the Common Reporting Standard (CRS) consequently, Europeans can open Bank accounts in the United States – but, do not use a US Bank that has branches in Europe.
- The Future - Which Door to Enter
For those of you living in the United States. You should consider in which State is it best for you to retire in.
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Nick L. Nicolaas, Mining Interactive Corp. and its Associates (collectively referred to as NLN) are not registered advisers and do not give investment advice. NLN’s trading comments are an expression of opinion only. NLN may have an investment in some of the companies or trading instruments NLN mentions or writes about, nothing should be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity or any other financial instrument at any time. While NLN believes all statements to be true, they always depend on the reliability of NLN’s sources. NLN recommends that you consult a qualified investment adviser, one licensed by the appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions and NLN urges you to confirm the facts on your own regarding any trades or companies NLN mentions before making important investment commitments. The “Stock and Private Placement” alerts written and distributed by NLN do not, and cannot, constitute a recommendation to buy or sell any security.
NLN Day Trading is based on the Princeton Economics Institute (PEI) Martin Armstrong Socrates Forecasts and Alerts however, PEI and NLN are arms-length companies and nothing should be construed in any manner whatsoever that PEI and NLN are affiliated companies. WE SEEK SAFE HARBOUR
The material in the “Trading Based on Martin Armstrong Socrates Alerts” and the “Stock and Private Placement” alert letter published by Nick L. Nicolaas is for informational purposes only and is not intended to and does not constitute the rendering of investment advice or the solicitation of an offer to buy securities. The “Trading Based on Socrates” and the “Stock and Private Placement” alert discussion contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The Act). In particular when used in the preceding discussion the words “plan,” confident that, believe, scheduled, expect, or intend to, and similar conditional expressions are intended to identify forward-looking statements subject to the safe harbor created by the ACT. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward looking statements. Such risks and uncertainties include, but are not limited to future events and financial performance of the company which are inherently uncertain and actual events and / or results may differ materially. In addition we may review investments that are not registered in the U.S. We cannot attest to nor certify the correctness of any information in this note. NLN owns shares in B2Gold, Meadow Bay Gold Corporation, Ashanti Gold Corp; Klondike Silver Corp; Organic Garage; Northern Dynasty Mines; Exeter; Arrowstar Resources, Klondex Mines, Dynasty Gold, and Blue Sky Uranium. Please consult your financial adviser and perform your own due diligence before considering any companies mentioned in this informational bulletin.
June 9, 2019