Friday, June 27, 2014

Kirill Klip.: International Lithium Corp. A Potential Source For Green Technology Minerals. $ILC.v $TNR.v $TSLA $LIT


Strategic Partner, Ganfeng Lithium, Announces Initial Budget for Joint Ventures with International Lithium. $ILC.v TNR.v $LIT $TSLA




  Rare Earth elements or metals (REEs) are essential elements in clean-energy technologies. In recent years REEs have received plenty of coverage concurrent to growing environmental concerns.  The rare-earth topic is no longer obscure and discussions regarding future REE shortages are beginning to emerge in mainstream media. Today international governments and organizations are pushing efforts to develop solutions to the rising scarcity threat, one of the biggest being that only 1 percent of critical materials are currently being recycled (they are difficult to recover economically), and so the race to find viable sources for REEs is on.



  The Green Technology Industry is the largest end-user of REEs and is continually growing with the development of electric vehicles and green energy electrical generators; wind turbines and solar panels. According to the American Chemistry Society, Lithium is among these endangered metals. China, which controls 97% of global rare earth production, has made significant investments in securing their supply. One excellent example of this is the recent news from China based Ganfeng Lithium Corp. regarding their 15million yuan (US $2.4 million) investment into International Lithium’s Blackstairs Pegmatite project in Ireland and the Mariana Brine project in Argentina for the 2014 budget year.  Ganfeng Lithium Corp. is one of the largest lithium product suppliers in the world supplying ILC with both capital and expertise and providing the global green technology industry with a new potential source of lithium supply.



  Ganfeng’s transaction signifies confidence in ILC’s capabilities as ILC is currently one of the only publicly traded Canadian Corporations receiving funding from China after the collapse of the multi-million dollar CNOOC/Nexen deal. The Blackstairs Lithium project in Ireland is particularly momentous as a recent European Union study concluded that rare earth supply constraints could hamper clean energy efforts. Ireland has pledged to make the mining process more efficient as part of an approach to boost lithium production. Subsequent to the Blackstairs funding announcement, Jianguo Xu, Chinese Ambassador to Ireland, paid a courtesy call to Richard Bruton, Ireland’s Minister for Jobs, Enterprise & Innovation, to discuss how to promote pragmatic and mutually beneficial cooperation between the two countries.  



  Beyond the growing demand and investment from Chinese conglomerates, encouraging headlines have also come out of Argentina, which is home to ILC’s Lithium-Brine Project located within the famous Andes Lithium Triangle. The political tide appears to have made a turn for the better this year as governments in Argentina took positive steps towards modernizing public policy to encourage foreign investment. Not only was the national currency devalued to bring it closer to its real value but new economic systems to measure real impacts of inflation were implemented. The settlement with Spanish oil giant Repsol over the YPF nationalization is another indicator that change for the better is in the works. In addition, an unprecedented debt repayment deal was struck with the “Paris Club” of creditor nations, and Lumina Copper’s announcement that First Quantum Minerals has agreed to purchase the Taca Taca copper project for $470 million  should help to shore up lingering doubts about the direction  Argentina’s mining industry is headed. Taca Taca is approximately 70 kilometres from ILC’s Mariana project and any infrastructure built to facilitate production at Taca Taca will also benefit Mariana.



  ILCs goes beyond traditional mine development and is creating a business model that is focused on cooperation and growth. Ganfeng Lithium and ILC are jointly working on a vertical integration plan to develop both lithium projects and have just announced an exploration budget for 2014. With the REE demand growing and Tesla’s big Open Source move, this venture could not have occurred at a more opportune time.



About International Lithium Corp. 


  International Lithium Corp. is an exploration company with an outstanding portfolio of projects, strong management ownership, robust financial support and a strategic partner and keystone investor Ganfeng Lithium Co. Ltd., a leading China based lithium product manufacturer.

The Company's primary focus is the Mariana lithium-potash brine project, within the renowned South American "Lithium Belt" that is the host to the vast majority of global lithium resources, reserves and production. The 160 square kilometre Mariana project strategically encompasses an entire mineral rich evaporate basin that ranks as one of the more prospective salars or 'salt lakes" in the region.

Complementing the Company's lithium brine project are rare metals pegmatite properties in Canada and Ireland. These projects reported highly encouraging lithium mineralization in drill holes targeting pegmatites that are unexposed at surface (news releases dated April 3,2013 and June 25, 2013).

With the increasing demand for high tech rechargeable batteries used in vehicle propulsion technologies and portable electronics, lithium is paramount to tomorrow's "green-tech" economy. By positioning itself with solid development partners and acquiring high quality grass roots projects at an early stage of exploration, ILC aims to be the green tech resource explorer of choice for investors and build value for its shareholders.

  Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.



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Posted by Sufiy at 12:46 AM 0 comments
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Tuesday, June 24, 2014

Special Op Zero Dark Thirty 2.0: German Gold Gone Missing ... Sorry, Safely Stored At MF Global Deposit Box.

   

  Normally we could be hardly surprised by anything these days, but in this particular case with German Gold Gone Missing we are seriously worried about the human race. Could They be just So Arrogant or we as a whole species really scientifically proven to be classified just as a "Bunch of Morons"? Or maybe GMO has finally made it even into the Elite circles: They do not even bother to spin it out properly any more? Bloomberg editors were having fun yesterday:


Then Rudy Havenstein joined the party:

 · 11h
I keep my .45 for home defense in a bank safe deposit box so I can quickly access it "in an emergency."


 · 14h
The Bundesbank, commenting today on the obvious and confirmed safety of storing German gold in New York and Paris.

 · 11h
"Nearly half of Germany’s gold reserves are held in a vault at the Federal Reserve Bank of New York"

 · 29s
. .Rudy, it must be The Missing Half of safely stored at NY ! TNR

 · 4h
If push came to shove, the US would pull an ABN Ambro/Rabobank/MF Global in 2 seconds with any German gold they may still have outright.


Who Wants Their Gold Back?


Now we can safely conclude that German saga is over and Gold will be going much higher: Chinese Virus "Missing Collateral" has finally reached BOE and FED Empty Vaults.

Kirill Klip.:

FED Has Found ... Sorry, Created Inflation To Save Us All - Gold Celebrates ... Quietly So Far.




  "Gold and Silver are acting today like if the Chinese virus "Missing Collateral" has finally reached the London BOE vaults!


Bullish For Metals?! Missing Collateral in China, Follow The Trail of Loans, Copper and Fraud.



  In my personal opinion, we are witnessing the same game of the rehypothecation as it is happening with FED, BIS, Investment Banks and Gold. This, actually missing metal as collateral, will be the very bullish set up for the commodities markets. After initial selling due to the margin calls and unwinding of Paper Positions in the market, Mr Market will realise that all these metal accounted for the supply and demand picture is NOT there. Industrial demand will stay in place, but Supply which was supposed to be hoarded in the warehouses is missing: the collateral was used a few times for the different transactions. You can study this subject more with explanation in plane English in the very good podcast I have published yesterday: Read more."


Swiss thinks that they know the good medicine against GMO induced coma, please note how often have you heard about it in any media? Little help? Donate your tweets and share it, please:

The Swiss Gold Initiative: Stop Selling Gold, Store All Gold In Switzerland And Back Swiss Franc With 20% Gold.



  This Swiss Gold Initiative could become the truly turning point for the world's financial system, people are tired of the manipulation with their money confiscating the savings and wealth."

You can find more of our research on German Gold Gone missing and rebuttal from the Head of German Gold Repatriation Initiative:

There Is No German Gold Left At The New York FED GLD, MUX, TNR.v, GDX



  "Die Welt has reported today the bombshell announcement for the Gold market. We have discussed before that only 37 t of Gold out of 674 t was delivered to Germany in 2013 and that the Gold bars were Melted. So not a single original German gold bar was returned to Germany so far! 
  ZeroHedge reports today that surprisingly only 5 t of gold has been delivered from the NY FED - the rest came from Paris. Now it is not the conspiracy theory any more that there is no German Gold left at the NY FED.
  Now all the manipulations in the Gold market and constant smashing down the price in 2013 are coming into another perspective. Germany is very serious about the investigation of the manipulations in the Gold market - it was already reported thatprecious metals manipulation is worse than LIBOR scandal.  This investigation has already claimed the first victim: Deutsche Bank to withdraw from Gold fix amid probe.
  With the highest on record leverage at COMEX of 112 owners for every single ounce of Gold and record low COMEX registered Gold at 11 t we have the set up for the major blow out phase in the Gold market. Who in their mind will continue to hold Gold at LBMA any more? According to Eric Sprott, we can expect a failure to deliver Gold and lawsuits with deliveries last February from COMEX of 40 t and China buying at least 100 t of Gold every month on average now.
  Once Gold will breach $1270 level Andrew Maguire's discussion about the massive short squeeze will become the reality and even if his predictions about $200 Up-days will not materialise, the move by Gold to the upside from the most oversold condition in history will be nothing less than spectacular."




Glenn Beck: Where Is German Gold? GLD, TNR.v, MUX, GDX

"Glenn Beck is digging up the mystery of German Gold repatriation. With the reports that even small amount of the delivered Gold so far was melted beforehand we can be sure that there is no more original German Gold left. As we have discussed before, the Gold smashing down has started with Venezuela's request for Gold to be returned back and last year Gold's bloodbath was assured with Germany seeking for its Gold to be returned as well."

Dr. Paul Craig Roberts: If the Currency Collapses & You Try to Flee Into Gold, There Won't Be Any GLD, TNR.v, MUX, GDX

"Dr Paul Craigs Roberts talks about all markets being manipulated and presents the big picture of the Gold market and ongoing QE by the FED. Gold price action became the threat to the FED's policies and Gold was smashed down to preserve the status quo and save US Dollar. Markets can not be manipulated forever and now we have the situation when bullion goes to the East and to China particularly with the very dear geopolitical consequences. There is no recovery in U.S. economy and there is no Jobs creation - we would like to mention that this interview was recorded before yesterday disaster with Jobs numbers of only 74k being created and collapse in labour participation numbers."


ZeroHedge:

Germany Has Recovered A Paltry 5 Tons Of Gold From The NY Fed After One Year



ZeroHedge:

Head Of German Gold Repatriation Initiative Responds To Bloomberg Story About Repatriation Halt



Just hours after we noted Bloomberg's story of Germany's decision to halt its repatriation of gold from the NY Fed, the gentleman at the center of the story, who Bloomberg quoted as saying his 'Repatriate Our Gold' campaign was "on hold" - Peter Boehringer - has come out swinging... The Bloomberg story is "a 'non-news' article with a wrong headline, strange interviewees, old news, and with a clearly apologetic ideological approach." and that's just the start...

Just to set the record straight re this article in which my name is mentioned and in which I am quoted out of context:
a) BusinessWeek/Bloomberg uncritically cites statements of politicians and BuBa-bankers who have or give no proof whatsoever re the untouched whereabouts of the german Gold.
b) Re our campaign "Repatriate our Gold": "On hold" does of course NOT mean that we are in any way satisfied with the current status of BuBa´s ongoing repatriation (far too slow and too little - only 5 tons came from NY in 2013! Not exactly a proof for the untouched existence of 1500 tons in a NY vault unaudited since 1950...). Our public campaign will therefore have to continue.
c) Almost no info in the article can be considered in any way "news". Simply because there has not been any material news in this context since early 2013.
d) Especially the headline is plainly false, because there has not been any change in BuBa´s (too slow) repatriation plans: at least 300+ tonnes will come from NY by end 2020. It is not much - but contrary to the headline, BuBa has NOT stopped the ongoing partial repatriation - enforced solely by public pressure!
e) The political party "Alternative for Germany" has never been part of our campaign - they can therefore not have been "rebuffed" as the article suggests.
f) The political party "FDP" has (with the exception of one (1) MP ) never demanded a repatriation - yet another false info in the article.
g) Some politicians cited in the article can not in any way claim to be "in charge" of the german gold hoard (abroad or not). This holds true for both Mr Barthle and for Mr Hardt: BuBa alone is in charge - and officially, BuBa is independent from political influence...
Summary: a "non-news" article with a wrong headline, strange interviewees, old news, and with a clearly apologetic ideological approach: the main purpose seems to be NOT to give space to the myriad of unanswered and extremely relevant questions BuBa and the Fed have been refusing to answer for decades.







Posted by Sufiy at 4:31 AM 1 comments
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Friday, June 20, 2014

Aden Sisters: Gold Finally Bombed Out $TNR.v $MUX $GDX $NG $ABX $RGLD


  After yesterday's huge run Gold is confirming the Head and Shoulder Bullish reversal. Weekly close above $1,317 will be very important.



 Kirill Klip.:

"Gold and Silver are acting today like if the Chinese virus "Missing Collateral" has finally reached the London BOE vaults!"



TNR Gold: Shotgun Gold Project - Why Do We Need New Gold Deposits?

Kitco:


Gold Finally Bombed Out


Gold dropped sharply a couple of weeks ago. Many experts can’t explain why, but there are several reasons that make sense…
SAFE HAVEN?
First, gold entered a seasonally slow period. This could last for another month or so but seasonality alone doesn’t explain why the decline was so steep and sudden.
More impressive, gold’s safe haven appeal has diminished somewhat. Following the Ukraine elections, for instance, concerns eased. But with Iraq now heating up, gold could continue its current rebound rise.

THE TECHNICAL PICTURE
Meanwhile, gold had strong support at $1280. This level had been tested several times but it clearly broke.
This means gold will probably continue to hold above the $1200 area. It also suggests gold could continue forming a head and shoulders bottom (see LS, H, RS on Chart 1).
Plus, there are growing signs indicating this could end up being the bottom for this decline, which has been in force since 2011- 12.
Looking at gold’s big picture since 1968, you’ll see what we mean.
Chart 2A shows that gold’s decline of the last few years looks small in the big picture, within the mega uptrending channel since 1968. 
Note that gold has had two major bull markets, in the 1970s and in the 2000s. 
The major rise in the ‘70s didn’t break its bull market red uptrend until 1984, several years after the peak in 1980.
The bull market red uptrend since 2001, however, is still intact.  On a big picture basis, it’ll be important to see if this trend holds. That is, as long as gold stays above the lows of last year, at $1210, this trend will stay solid. 
And according to gold’s leading long term indicator (B), it’s saying that gold remains at an extreme low area... In fact, this is the lowest it’s been since the 1980s.

Since these low areas tend to coincide with bottoms in the gold price, this tells us that gold is totally bombed out and the lows of last year are unlikely to be broken.
This doesn’t mean gold will soar from here.  Eventually yes, but for now we could see more backing and filling.
All things considered, it looks more like 2015 could be the year of a strong change to the upside.
DEFLATION GAINING MOMENTUM
One important reason why is because deflationary pressures have been intensifying.
Although there has been some improvement, global economies remain sluggish, despite massive stimulus efforts from the biggest central banks in the world.
This suggests that stimulus measures will likely continue in order to boost the global economies. And even though these measures may eventually cause inflation, the current economic sluggishness is stubborn and it’s feeding deflation.
Our inflation-deflation barometer is an indicator that measures rising inflation against falling deflation by using a ratio between gold and bonds.
Historically, gold has been used to measure inflation and bonds have measured deflation.
Chart 3 shows the ratio of the two since 2003. Notice the steady rise in gold (inflation) against bonds (deflation) through 2011. Moreover, after the 2011 peak in gold, bonds began to strengthen against gold and they’ve continued to be stronger since then.
In other words, we could still see bonds strengthen even more against gold in the months ahead. This would coincide with a sluggish economic outlook. But again, that may not be the case for long.
SILVER IS CHEAP
At the same time, silver is super cheap. It’s also cheap compared to most of the other markets.
Demand for silver is also very good.  A recent report said that physical demand rose to a record last year. 
This growing demand ties in well with the technical situation in silver. It too is bombed out and, like gold, it’ll likely head higher in the upcoming months.
Mary Anne & Pamela Aden
--
Mary Anne & Pamela Aden are well known analysts and editors of The Aden Forecast, a market newsletter providing specific forecasts and recommendations on gold, stocks, interest rates and the other major markets. For more information, go to www.adenforecast.com   or  www.goldchartsrus.net"
Posted by Sufiy at 5:48 AM 1 comments
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