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Tuesday, September 16, 2014

TSR UPDATE FROM S3A , 17 SEPT

TSR: Based on current happenings in Iraq, hoping for RV to be released next weekend (September 20-21).  When and if it does, look for Gold and Silver to spike up big time on the following Monday and Tuesday after the announcement of RV.  ....Blessings

SHORT S3A CHAT WITH WILBUR GRODAN, 17 SEPT

Wilbur Grodan:TUESDAY AM came and NO CIGAR! THIS WEEK IS DEFINITELY STILL IN PLAY WEDNESDAY 8AM IRAQI LOOKING STRONG.

MY LAST POST ON FRIDAY:
"Markets grinding slowly but surely toward a big wave of USD weakness
Commodity markets will roar
Target now moves to MONDAY night/TUESDAY early AM"

Omegamanthis week, final answer, or i'm out of this two legged, ass kicking, cheese-moving contest, forever...

Abundant Clarity:I have heard that as well. Fingers crossed.

PAUL PLOUMIS POST: ZIMBABWE TO REVIVE GOLD MARKET?, 16 SEPT

9-16-14 Hard Assets (PAUL PLOUMIS): Zimbabwe to revive gold market?

The Zimbabwean government has decided to lower the royalty on gold from 7% to 5% in an attempt to boost gold production from the country. The government decision is expected to breathe new life into the Zimbabwean gold mining industry, which has been struggling for a long time.

According to data, the country’s gold production plummeted to 6 tonnes during the initial seven months of the year. This is 26% lower when compared with the total gold production during the corresponding seven-month period in 2013. The drastic fall in international gold price stares at the profitability of many mining companies including Freda Rebecca, African Consolidated Resources and RioZim Ltd. In addition, the mines are also affected by severe power outages and extremely high borrowing costs.

The statement issued by the country’s Finance Minister Patrick Chinamasa says that the government has decided to review the royalty on gold downward from 7% to 5%. However, the royalty on platinum will continue to remain at 10%. The revised royalty will take effect from 1st October, 2014, the statement noted.

Incidentally, gold is the second major source of export income in Zimbabwe, after Platinum. Also, minerals and precious metals account for more than 50% of the total export revenues of the country. Article Link 

MILLIONDAY UPDATE: UN & THE DEVELOPMENT PROGRAM SIGNED WITH IRAQ, 16 SEPT

Millionday  : A DELEGATION FROM THE UN AND THE DEVELOPMENT PROGRAM SIGNED WITH IRAQ.  LOOKS AS IF THE UN IS HAPPY WITH IRAQ AND READY FOR PROGRESS TO TAKE PLACE.   SO THIS AGREEMENT OR SIGNING WITH THE UN DEVELOPMENT IS FOR THE BACKING OF 177 COUNTRIES AS THEY DEVELOP AND MOVE TO THE GLOBE -- IT HELPS RECOVERY FOR THE CITIZENS AND FOR THE NATION -- VERY IMPORTANT AND A HUGE HELPING HAND AS THEY MOVE TO THE GLOBE -- NOT A LITTLE THING -- A VERY HUGE THING.  THEY ARE MOVING FORWARD WITH THE GLOBAL OIL ...AND THAT WILL TAKE IRAQ TO THE GLOBE.