Ronan Manly: Gold price breakout in multiple currencies

Section:

10:10p ET Thursday, June 13, 2019

Dear Friend of GATA and Gold:

Bullion Star's Ronan Manly reports tonight that gold is performing spectacularly in many developed-nation currencies, including the euro, British pound, Australian dollar, Singapore dollar, and Swedish krona, and seems to be climbing steadily by the measure of its last obstacle, the U.S. dollar.

... Dispatch continues below ...


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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:

https://crystallakemining.com/crystal-lake-minings-discovery-team-outlin...



Manly writes: "Only time will tell, but if the U.S. dollar gold price continues to take out 'resistance' and more up through the technically important area between $1,350 and $1,370, and then above $1,370, this would bring U.S. dollar gold to a three-year high. Thirty dollars or so above the $1,370 level would put gold at a five-year high above $1,400 and would bring in a lot of attention from the sidelines."

As well, presumably, as a lot of attention from the U.S. Treasury Department, the Federal Reserve, the Bank for International Settlements, the People's Bank of China, and the Central Bank of the Russian Federation. Where do they want the U.S. dollar gold price to go, and what will they do to push it there?

You can count on one thing: Mainstream financial news organizations will never ask.

Manly's analysis is headlined "Gold Price Breakout in Multiple Currencies" and it's posted at Bullion Star here:

https://www.bullionstar.com/blogs/ronan-manly/gold-price-breakout-in-mul...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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