The Rodney Dangerfield of the miners, Iamgold, continues to bang out quality ounces at its Boto project. The old resource grade was 1.6 grams, but this is increasing measurably and shaping up to be an excellent, low-cost deposit for which the “market” gives IAG zero credit.
If there was any lingering doubts about the Ebola situation morphing into abject fraud and looting, it has been laid to rest by the appointment of corrupto, lobbyist, political operative and bag man lawyer Ron Klain. The only good news is that by the White House’s own admission this “Ebola Czar” has no background in the medical field, let alone Ebola.
On Friday the price of gold (POG) was subject to an algo dump after the completely bogus Univ. of Michigan consumer survey was released. This Potemkin Village survey would have us believe that the developing Ebola panic has helped consumer confidence. Later POG bounced back to near unchanged.
I presented the case for the Kemena bio-lab as the source of spreading the Ebola outbreak in Saturday’s post, and I had to circle back and debunk the debunkers. It states on the hospital consortium’s own website that it is involved in research on lethal diseases at Kenema. The trump card, or the rest of the story, is in this post.
After writing yesterday’s post, “Like Slowly Boiling Frogs, Ebola Plan Proceeding on Schedule,” I was challenged by “conspiracy debunkers” on my claim that ground zero for Ebola was at Kenema, Sierra Leone, and that it had a bio-research lab for deadly diseases (including Ebola) located in the now-abandoned hospital. As a reminder, it was local residents that forced the closure of this hospital and lab after hundreds were infected in a “sudden” outbreak.
Get a little volatility and a 7-8% correction and the Fed sends mucky muck dove James Bullard out to feed the beasts. Almost instantly the markets get that dazed and drugged look again. The VIX compression trade gets put on, and the familiar lift action starts up. Now on the SPY 1,900 is now resistance.
I have to hand it to the psychopathic control grid. So far they are executing their seemingly surreal, strange, confused plan to perfection. We go from Ebola is no threat to the U.S. just two weeks ago to a swift executive order calling up 4,000 ready reserves and National Guard for Ebola duty in West Africa.
You see, the apparent challenge in Africa is that folks there don’t want to get close to the health care cabal to take vaccines. For some reason, they associate a vaccine and U.S. health workers with actual contracting a disease or illness. Can you imagine that?
Back on Aug, 27 I wrote a post on Liberia’s squalid West Point slum that contains an estimated 75,000 residents. I anticipated that if Ebola was the real deal, we would witness a large death toll among that high-density slum’s population. In fact, CDC Director Thomas “Big Gulp” Friedan — who has since revealed himself to be either an incompetent, a liar, a criminal, or all three rolled into one — hyped the Liberian crisis at that time:
“The toll is far larger than has been recorded, not because they are trying to hide anything but because they are really overwhelmed by these numbers. The cases are increasing at an extremely quick rate, and this is very alarming.”
In May, Bloomberg offered a good synopsis of the shale oil and gas Ponzi scheme. The title of the article was appropriate then and is in play now: “Shakeout Threatens as Shale Patch as Frackers Go for Broke.”
Testifying to the extreme gambling behavior of Ponzi finance, U.S. rig counts remain elevated as oil prices plume below break-even levels for these projects, described as $85 Brent ($81 this AM) in this Zero Hedge article. This highly maladjusted “making up losses on more volume” scheme would never have made it off the ground without the Fed’s total-theft interest rates.
Gold investors know this drill well. It’s familiar handiwork: 4,492 contracts dumped in 28 milliseconds. If the slinger is moving on to greener pastures, stock market participants are going to become familiar with a whole new concept.