At KWN, Schiff and Turk see chance for gold to break out


9:19p ET Thursday, June 13, 2019

Dear Friend of GATA and Gold:

King World News tonight publishes comments about the gold market from fund manager Peter Schiff and GoldMoney founder James Turk.

Schiff says: "The Fed's balance sheet ticked up last week to $3.85 trillion. Perhaps it has already seen its lows. When the Fed goes back to quantitative easing, the balance sheet will balloon to $10 trillion even quicker than it did to $4.5 trillion. But next time the Fed's exit-strategy bluff won't work. Got gold?"

... Dispatch continues below ...


Crystal Lake Mining's Discovery Team Outlines
Chachi Corridor Copper-Gold Target At Newmont Lake Project

Company Announcement
Wednesday, June 12, 2019

VANCOUVER, British Columbia, Canada -- Crystal Lake Mining Corp, (TSXV: CLM; OTC: SIOCF; FSE: SOG-FF) announces that a large copper-gold porphyry target area, with high-grade gold potential, has been outlined on the eastern side of the company's Newmont Lake Project in northwest British Columbia's Eskay Camp.

The northeast trending Chachi Corridor along the McLymont fault system has a current strike length of greater than 8 kilometers by 3 kilometers wide as defined by an extensive review of historic data including rocks, soils, and geophysics. The entire corridor, which features astonishing glacial retreat, is notably underexplored and will be one of several primary areas of focus for the 2019 summer exploration program, now underway.

The Chachi Corridor begins approximately 6 kilometers northeast of the historic Northwest Gold zone and 20 kilometers northeast of Crystal Lake's recent drilling discovery at Burgundy Ridge, underscoring both the scale and potential of the entire 430-square-kilometer Newmont Lake Project located in the heart of the Golden Triangle. ...

For the remainder of the announcement:

Turk says gold's price likely will be capped next week because there is a meeting of the Federal Reserve's Open Market Committee. But he adds, "There is a lot of money on the sidelines waiting to buy dips" and "the momentum guys are not even in there buying yet."

The KWN report is headlined "Peter Schiff and James Turk -- Possibility of a Major Breakout in the Gold Market" and it's posted here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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