Novo Resources – The Significance Of The Sorting Tests and an Egina Update
Quinton Hennigh, President and Chairman of Novo Resources joins me today to add some more color to the news out yesterday regarding the new sorting machine that is being tested. Quinton outlines the potential this sorting machine brings to future exploration and a test mining for the projects across the Novo portfolio. We also get an update on the Egina property and the work ongoing.
If you have any follow up questions for Quinton please comment below or email me at Fleck@kereport.com.
Click download link to listen on this device: Download Show
Click here to visit the Novo website for more information and to read over the full news release.
Lemetropole cafe – Shoot the messenger time
What’s a Working Group to do when market chaos reigns supreme, and even things like Bitcoin are crashing in sympathy? When the ONLY logical safe haven is precious metals, what’s the most illogical thing to do? Why sell gold and silver, of course. The cartel left no doubt that gold and silver would NOT be looking good heading into the long U.S. holiday. Like Pavlov dogs those of the panic-stricken persuasion were steered away from gold, and shown the way to the fiat alternative- Treasuries.
The onslaught of selling began shortly before, and immediately after the Crimex open. By 11:30 AM EST a whopping 230,000 gold contracts had already traded, with an additional whopping 100,000 silver contracts trading “hands”. So much for the alleged pre-holiday “thin trade.” The upside is that both metals seem to be firmly rejecting any significantly lower numbers. Gold is only off $1, with silver off 7 cents. Neither one is getting crushed, but we are once again right around the $1230/$14.30 numbers firmly decreed by TPTB.
It seems strange to no longer follow such hallowed gold manipulations as the AM/PM fixes, the typical selloff periods, etc. They have become either so obfuscated or so routine as to render them useless. The cartel rules have thinned out, and are now primarily limited to the 1%/2% rules, the no follow through rule, the London/NY selling, (your) silver signal, and the HUI signal. These 5 rules have been, and will always be, the keys to revealing when the manipulation game is over. While the odds are still remote the next best chance to at least get a whiff of cartel trouble is post-Thanksgiving, and leading up to the New Year.
Both gold and silver have December option expiration/first notice days looming. That alone is a short term obstacle. I also don’t need to bring up a 20- year chart of what usually happens over Thanksgiving. Safe to say bright red lines sloping downwards is typical. With so many ongoing bullish developments for the metals it’s just a matter of time before the inevitable explosion. A lot of us are no doubt wondering if we will have as much time as required to see that victory.
James Mc
Thanks for the Quinton interview, Cory. Glad I bought some more Novo last week@1.54
Are there any great goanna lizards on Novo’s land in the Pilbara?
ARV.AX : Artemis Commences Trading on the U.S. OTCQB Venture Market
https://www.asx.com.au/asxpdf/20181121/pdf/440gxk4rqbk87s.pdf