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    • By Markinsa
      DANIEL LEE: Bo Polny’s “Greatest Timepoint In Human History” Aligns With Real Passover Date On April 26th!
       Maggie Mitchell1 day ago  

      Daniel Lee and Bo Polny spoke the truth
       
      These two aren’t afraid to talk about Donald Trump, Bitcoin, and pretty much every hot topic out there.
       
      Lee follows the Jewish Feast Dates. Bo spoke of “one of the greatest timepoints in human history” in late April. Well, the date he suggested is the TRUE date of Passover.
       
       
      Biblical cycle expert and financial analyst Bo Polny says we are approaching the “Greatest Time Point in Human History” near the end of April. In the last year, Polny has calculated time points and big events such as his prediction of a “new era of time” that would unfold after his February 2020 interview. It certainly did with the age of Covid lock-downs that started in March of 2020.
       
      Polny also predicted a 35% to 40% decline in the stock market in mid-2020. (The market sold off 38%.) Polny also predicted “something epic” would happen on September 18, 2020, and that was the day Supreme Court Judge Ruth Bader Ginsberg died.
       
      So, what is Polny’s cycle analysis telling him now? Polny says, “What started in 2020 will end in 2021, and we have related that actual cycle to Noah’s Ark. When oil went to zero (April 21, 2020), that would equate to when the door was closed on the Ark. . . .
       
      This is the time when Noah is on the Ark and doesn’t step off until April 26, 2021. . . . The world we are presently stepping into is the new era, and it does not start until April 26, 2021, and right now we are in transition. The greatest time point in history is about to happen.”
       
      Polny says there are other biblical cycles ending as well in 2021. Polny explains, “One of the cycles that we are following is called the Red Sea Moment, and the cycle time point for that is April 25, 2021. (This is when Moses parted the Red Sea to escape from Pharaoh in ancient Egypt.) So, we are about a month away right now. What will happen, I don’t know . . . but it is truly fascinating that things are happening right now at the Rea Sea. (A massive container ship is currently blocking the Suez Canal.) The United States is replaying biblical cycles. April is going to change our world forever.”
       
      Then there is the 50 year debt jubilee concept talked about in the Bible. The U.S. dollar was taken off the gold standard by President Richard Nixon in August 1971. August 2021 is the 50th year. Polny says, “God is going to force the hand of this event. So, when the dollar drops sizably in value, expect an immediate reaction, and the immediate reaction would likely be some type of a war event.”
       
      What about Bitcoin and the U.S. dollar? Polny says, “Bitcoin is up $40,000 in God’s New Year, and we are in the 50th year in a jubilee cycle. So, this year, the dollar itself is supposed to tank. When it drops, that’s going to be the fuel for Bitcoin and the crypto currencies to accelerate even faster vertically. . . . We have talked about this before, and I have said the price point for Bitcoin could be over $200,000 in 2021. . . . The price moves we have seen so far are only preliminary pricing for what is still coming for Bitcoin. . . . Wall Street is front-running the trade and piling into Bitcoin because they know something.”
       
      What about gold and silver? Polny says, “When gold and silver go up on this move that’s coming . . . this move coming for precious metals will destroy the banks. It will destroy the financial mechanisms that are in place right now. When it starts to destroy the mechanisms used to hold down precious metals, that’s going to cost them billions of dollars a minute when gold and silver start to skyrocket. So, they are doing anything and everything to not let precious metals go up. There is a point of time coming, and it is based on Leviticus 25:9. It specifically talks about the 50 year jubilee cycle. . . . That event is going to cause a drop in the value of the U.S dollar. That event is going to cause a jubilee cycle for precious metals where they lift off and go vertical.”
       
      On President Trump returning to office, Polny says, “Cycles do nothing more than replay themselves with different characters. Look at Saul and David. Saul ended up chasing David out because he knew he was anointed. David ran and hid in the wilderness, and, basically, he was hiding. What did they do to Trump? They chased him out of the White House. As in David, he was chased out, but chase him out all you want, he was still anointed. . . . We are replaying history with different characters. In this case, Saul is Biden and Trump is David . . . but when Saul falls, David returns. That’s what’s coming.”
       
      In closing, Polny contends that God will not turn over America to evil. Polny predicts, “America will not fall . . . God will not forsake America.”
       
      We can’t wait to see what happens later in April.
       
      Watch this on Rumble.
       
      .
    • By Markinsa
      Wait Until You See the Price of Gold in Venezuela Right Now
      August 6, 2018

      Last month in Venezuela’s capital city of Caracas, a cup of coffee would have set you back 2 million bolivars. That’s up from only 2,300 bolivars 12 months ago, meaning the price of a cup of joe has jumped nearly 87,000 percent, according to Bloomberg’s Café Con Leche Index. And you thought Starbucks was expensive.
      But that was July. Prices in Venezuela are doubling roughly every 18 days. The International Monetary Fund (IMF) now projects inflation to hit an astronomical 1 million percent by the end of this year. This puts the beleaguered Latin American country on the same slippery path as Zimbabwe a decade ago and Germany in the 1920s, when a wheelbarrow full of marks was barely enough to get you a loaf of bread.
      Venezuela’s socialist president Nicolas Maduro—who only this past weekend survived an assassination attempt involving several explosive-laden drones—announced recently that the country plans to rein in hyperinflation by lopping off five zeroes from its currency. If you recall, Zimbabwe similarly tried to combat soaring prices of its own by issuing a cartoonish $100 trillion banknote—which in 2009 was still not enough to buy a bus ticket in the capital of Harare.
      Without structural governmental reforms, a new bolivar is just as unlikely to steady Venezuela’s skyrocketing inflation or remedy its crumbling economy.
      Gold Could Save Your Life
      So where does this put gold? At some point, hyperinflation gets so ludicrously out of control that discussing exchange rates becomes pointless. But as of July 30, an ounce of the yellow metal would have gone for 211 million bolivars—an increase of more than 3.1 million percent from just the beginning of the year.

      click to enlarge
      My point in bringing this up is to reinforce the importance of gold’s Fear Trade, which says that demand for the yellow metal rises when inflation threatens to destroy a nation’s currency—as it’s doing right now in Venezuela. A Venezuelan family that had the prudence to store some of its wealth in gold would be in a much better position today to survive or escape President Maduro’s corrupt, far-left regime.
      In extreme cases like this, gold could literally help save lives.
      Such was the case following the fall of Saigon in 1975. If not for gold, many South Vietnamese families might not have managed to escape the country. A seat on one of the thousands of fleeing boats reportedly went for eight or 10 taels of gold per adult, four or five taels per child. (A tael is slightly more than an ounce.) Gold was their passport. Thanks to the precious metal, tens of thousands of Vietnamese “boat people,” as they’re now known, were able to start new lives in the U.S., Canada, Australia and other developed countries.
      Venezuela’s Once Prosperous Economy Destroyed by Corruption and Mismanagement
      But back to Venezuela. Amid the corruption and mismanagement, the only thing helping the country pay its bills right now is gold. Two years ago, it had the world’s 16th largest gold reserves. Today it stands at number 26 as it’s sold off more than half its holdings since 2010. While countries such as China and Russia continue to add to their holdings, Venezuela has been the world’s largest seller of goldfor the past two years.

      click to enlarge
      It’s hard to remember now, but as recently as 2001, Venezuela was the most prosperous country in all of South America. Like Zimbabwe, the OPEC nation is rich in natural resources, home to the world’s largest oil reserves and what’s believed to be the fourth largest gold mine. Oil exports account for virtually all of its export revenue.
      In 2016, Venezuela was the third largest exporter of crude to the U.S. following Canada and Saudi Arabia, but with output in freefall, this is changing rapidly. For the first time ever in February, Colombia sold more crude oil to the U.S. than its eastern neighbor did. And in June, Venezuela’s state-owned oil and gas company, Petróleos de Venezuela (PDVSA), informed at least eight foreign clients that it would be unable to meet supply commitments. According to GlobalData, production is on track to fall to only 1 million barrels per day by 2019, down from 3 million a day in 2011, meaning the petrostate might soon have nothing left to deliver.
      President Maduro now has the ignoble distinction of reigning over an economic recession that rivals the very worst in modern history. Last month, the IMF forecast that the country’s real gross domestic product (GDP) would fall 18 percent this year—the third straight year of double-digit declines.

      click to enlarge
      A mass exodus of young, working-age Venezuelans, many of them college-educated, is unlikely to help. Estimates of the number of people who have fled the country in the past two years alone range from 1.7 million to as high as 4 million.
      Their escape is no easy task, as numerous international airlines, citing rampant crime and a lack of electricity, have canceled all flights in and out of Caracas. The only U.S. carrier still operating in the country is American Airlines, which offers a single daily flight from the nation’s capital to Miami. Just two years ago, there were as many as 40 nonstop American flights, not to mention those of rival carriers, between the two cities—a sign of just how dramatic and swift Maduro’s mismanagement has been in crippling Venezuela’s once-robust economy.
      The Diversification Benefits of Gold
      The gold bears were on top last week, with the metal trading as low as $1,205 on Thursday. That’s the closest it’s come to dipping below $1,200 since February 2017. Friday’s lower-than-expected jobs report gave gold a modest boost, but it wasn’t enough to prevent a fourth straight week of price declines.

      click to enlarge In times like this, it’s important to remember that, according to gold’s DNA of volatility, it’s a non-event for the metal to close up or down 1 percent at the end of each session, 2 percent for the 10-day trading period. And guess what? The S&P 500 Index has the same level of volatility.
      Ten days ago, gold was trading just under $1,230 an ounce, or 0.6 percent more than today. The math is sound.
      It’s also worth remembering that gold has traditionally had a low to negative correlation with other assets such as equities. This is why many investors over the years have used it as a portfolio diversifier.
      Case in point: On June 26, Facebook suffered its worst single-day decline since the company went public in 2012. Its stock plunged 19 percent, erasing some $120 billion in market capitalization—the most ever in history for a single trading session.
      Gold, meanwhile, held relatively steady, slipping only 0.62 percent.
      Curious about learning more? Explore the two main drivers of gold, the Fear Trade and Love Trade, by clicking here!
       
       
      All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. By clicking the link(s) above, you will be directed to a third-party website(s). U.S. Global Investors does not endorse all information supplied by this/these website(s) and is not responsible for its/their content.
      The S&P 500 Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies.
      The Bloomberg Café Con Leche Index tracks the price of a cup of coffee in the eastern portion of Venezuela’s capital city of Caracas.
      Diversification does not protect an investor from market risks and does not assure a profit.
      Holdings may change daily. Holdings are reported as of the most recent quarter-end. The following securities mentioned in the article were held by one or more accounts managed by U.S. Global Investors as of 6/30/2018: American Airlines Group Inc.
    • By Dinarian64
      Gold is on track to be the best performing asset class in February, surging almost 10 percent over the month as safe haven and exchange-traded fund (ETF) flows bolster the commodity.
      The yellow metal is up around 9.8 percent in February so far, and is on course for its biggest monthly gain since January 2012. With a 16 percent rally in prices so far this year, it is also this year's best performing asset.
      Dario Pignatelli | Getty Images
      An employee arranges one kilogram gold bars for a photograph at the YLG Bullion International Co. headquarters in Bangkok, Thailand.
      Spot gold was up around 0.7 percent at $1,231 per troy ounce on Monday afternoon having hit a one-year high of $1,260 earlier this year.
      Holdings in exchange-traded funds have risen to the highest level in almost 17 months, gaining 3.9 tonnes to 1,682.6 tonnes on Friday, the highest level since October 2014, according to data from Investec.
      Demand for gold has seen the SPDR Gold Trust, the world's largest gold ETF, rise to around 762 tonnes on Friday, around a year-high.
      Gold moves revive memories of 1990s currency crisis
      "Precious metals saw very large inflows over the last month as negative rates and the prospect of a more dovish (U.S. Federal Reserve) make this zero-income safe haven asset more attractive," said strategist at UBS, Ramin Nakisa.
      ETF investors are not the only ones backing the precious metal, with hedge fund managers upping bullish bets on U.S. COMEX to a 12-month high, according to data released by the Commodity Future Trading Commission (CFTC) on Friday for the week ending February 23.
      Jenny Cosgrave
      Reporter, CNBC.com
      by Taboola
    • By ixic
      Gold Is A Bargain Right Now, But No One Is Paying Attention - Rob McEwen

      Nov 10, 2015
      Guest(s): Rob McEwen 
      owner of McEwen Mining, a mid-tier gold and silver producer. ‘If you are in Australia, Canada, the price is going up because of the foreign exchange -- at some point, it will move in U.S. dollar terms,’ McEwen said in an interview with Kitco News on Monday. He added, ‘People should be putting a little money into gold, think of it as 80-90 percent off; you can turn gold into cash in two days, it is value.’ McEwen, the former founder and CEO of Goldcorp said one of the greatest challenges the mining industry now faces, is operating within the lower cost environment. December Comex gold was last up $0.30 at $1,088.50 an ounce. McEwen also addressed the company’s record production for the third quarter with the El Gallo Mine, which he said is the company’s, ‘star performer.’ Total output for the July-September period was 43,390 gold-equivalent ounces, an increase of 54% over the third quarter of 2014. The El Gallo mine in Mexico was robbed last April but McEwen said the company has received reimbursement for approximately 80% of the fair value of a loss. ‘You have to be a little more sensitive to the local community -- we built a new refinery and it is now according to Brinks – the state of art facility in Mexico,’ McEwen said. Kitco News, November 10, 2015.

       

      ...I sound like a broken record, but I happen to agree with him. Gold won't be this low forever.
    • By ixic
      The last couple of days have been kind to gold, finally pushing up past $1,100 an ounce and holding around $1,106.  Saw on CNBC a few Gold "Bears" are even buying a little on the way up.
       
      Some have called the bottom in gold as of now...I think we may see some retracing downwards a bit before it actually starts to make a decent climb towards $1,200/oz.
       
      Still buying it low while it's in discount prices.  Nonetheless, nice to see it moving positive for consecutive days.
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