We recently reported the latest precious metals market rigging scheme to be brought before the authorities. The CFTC recently fined Bank of Nova Scotia, one of the main bullion banks that determines global gold pricing, to have been “spoofing” the market. We reported on this last week and are not surprised in the least of this latest revelation.
The gold and silver markets have been known to be rigged for the past 40+ years according to the investigative work done by GATA. These markets not only impact the currency markets around the world they also have a direct impact on the precious metals mining industry. The mining industry has been suffering from a lack of capital inflows for the past several years. There was a slight reprise over the past year, but that has now subsided or moved to the cannabis or cryptocurrency markets. This does not change the need for physical gold and silver all over the world.
We report regularly on the status of the mining industry through one-on-one interviews and written articles. We have kept a finger on the pulse of these important markets for the past 5+ years. When something changes we usually know it within a day or less. The one thing we know for sure is that mine supply is drying up for a variety of reasons. This is going to have a direct impact on my stack and your stack of physical gold and silver within the next few years. The recent Barrick / RandGold merger, with China playing a pivotal role in the “background” is a real tell-tale sign of things to come. Just like any “manufacturer” if you are unable to produce products you have nothing to bring to market. These mining companies must merge or die.
I sat down with Mark Campbell, President and CEO, Aton Resources, which is doing all the exploration for a gold mine in Egypt. Some of the items one thinks of when they think of Egypt are, in fact, present in the project that Mark is overseeing. In the “ancient mine” Aton Resources have found ancient rope, lanterns and various other items dating back some 1,600 years! Did I mention the mine shafts sit on top of a mountain that is so steep in some points that it’s almost impossible to climb. The mountain is filled with ancient shafts, and potentially, filled with gold.
The “honeycomb” mine shafts have evidence of “hand mining” present – people using stone hammers and sticks to retrieve the gold. This potentially means there could be a great deal of gold within these mine shafts. It could also mean there is zero gold left and that’s why no one has attempted to mine the area for the past 1,600 years. If I was a betting man, and I am, I would bet there is lot’s of gold left in this “honeycomb” of mine shafts.
Mr. Campbell has been working in Egypt for the past 25 years with a variety of exploration companies but this, he believes, is going to be a great project. After speaking with him I would agree.
This is a great interview we hope you learn a little something and have a laugh along the way.
https://www.bitchute.com/video/py9cpf7ms8xk/
We, The Daily Coin, have no stake in this company and will not purchase shares of this company within the next 30 days. We are very interested in this company as the story is, not only fascinating, it sounds like the ancients left a lot of product just lying around waiting to be picked up.
