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#Gold rises, tries to regain grip on $1,300 level, bodes well for $AMK.ca $EXS.ca $GGX.ca $GR.ca $GZD.ca $MQR.ca

Posted by AGORACOM-JC at 9:37 AM on Thursday, October 12th, 2017

Silver futures up 12 cents, or 0.7%

 

Gold on the rise.

  • Gold futures rose Thursday, pushing the yellow metal toward $1,300 as investors read minutes from the Federal Reserve’s September policy meetings as slightly dovish
  • Offering a lift to the commodity
  • December gold GCZ7, +0.43% was $8.80, or 0.7%, higher at $1,297,
  • Flirting with its highest settlement since Sept. 26 at $1,301.70, according to FactSet data.

An account of the most recent meeting of the Federal Open Market Committee, released after gold futures settled on Wednesday, showed signs that policy makers questioned the need for an interest-rate hike in December—though one appears likely—as levels of inflation continued to track below the central bank’s 2% annual target.

Although the market’s reaction was relatively subdued, the minutes suggest that Chairwoman Janet Yellen and other policy makers will increase interest rates once more in December, but that efforts to normalize policy will otherwise run at a gradual pace.

A measured rate of interest-rate increases can be supportive for gold, which doesn’t offer a yield. Wall Street is pricing in an 83% chance of a rate increase in December, compared with a nearly 88% probability the day before, according to CME Group data.

Meanwhile, a popular dollar gauge, the ICE U.S. Dollar Index DXY, +0.19% was trading flat at 93.029. Gold prices are on track to climb for four of the past five sessions, as the dollar has weakened 0.8% over the week. A softer buck can make commodities priced in the currency more appealing to buyers using weaker monetary units.

Elsewhere, silver for December delivery SIZ7, +0.30% added 12 cents, or 0.7%, to trade at $17.255 an ounce, and is on track to rise five of the past six sessions. The silver-focused ETF, the iShares Silver Trust SLV, -0.18% was little changed.

Mark O’Byrne, research director at GoldCore Ltd, said recent gains can also be attributed to expected seasonally stronger demand for gold by India heading into the Diwali holiday, or Deepavali, as well as geopolitical tensions tied to North Korea, the Middle East and U.S. President Donald Trump. Tensions between Iraq and Kurds in the region have escalated after a Kurdish independence referendum, while Trump’s belligerent rhetoric with North Korean leader Kim Jong Un has had investors on edge.

“Against this global macro backdrop, I do think that we possible we will push $1,400 [an ounce], and then close above $1,300 by year-end,” he said.

Source: http://www.marketwatch.com/story/gold-rises-tries-to-regain-grip-on-1300-level-2017-10-12

Grizzly $GZD.ca – 9M Oz of Gold Produced or As Resources Nearby #Gold #Kinross

Posted by AGORACOM-JC at 5:48 PM on Thursday, August 24th, 2017

Gzdnew

WHY GRIZZLY DISCOVERIES?

Are you an investor in Kinross $K.ca? Check Grizzly Discoveries $GZD.ca

Posted by AGORACOM-JC at 4:27 PM on Wednesday, August 23rd, 2017

Gzdnew

WHY GRIZZLY DISCOVERIES?

  • More than 9 million oz Au produced or as resources in a radius of less than 70KM to Greenwood project
  • Portions of Grizzly’s Greenwood Project being explored by Kinross through option agreement
  • Only 55.5M Shares outstanding

Greenwood Gold District

Grizzly owns 100% interest in over 220,000 acres (along with an 80% interest in an additional 8,500 acres) in the historically productive Republic-Greenwood gold district along the BC/USA borderThe Republic/Greenwood district has collectively produced more than 7 million ounces of gold with an additional 2+ million ounces of resources* in the area. There has also been over 650 million pounds of copper production adjacent to and in the area of the Greenwood property.

Portions of Grizzly $GZD.ca project being explored by #Kinross #Gold #Mining

Posted by AGORACOM-JC at 10:15 AM on Thursday, August 17th, 2017

Gzdnew

WHY GRIZZLY DISCOVERIES?

  • More than 9 million oz Au produced or as resources in a radius of less than 70KM to Greenwood project
  • Portions of Grizzly’s Greenwood Project being explored by Kinross through option agreement
  • Only 55.5M Shares outstanding

Greenwood Gold District

Grizzly owns 100% interest in over 220,000 acres (along with an 80% interest in an additional 8,500 acres) in the historically productive Republic-Greenwood gold district along the BC/USA borderThe Republic/Greenwood district has collectively produced more than 7 million ounces of gold with an additional 2+ million ounces of resources* in the area. There has also been over 650 million pounds of copper production adjacent to and in the area of the Greenwood property.

Grizzly $GZD.ca – 9M Oz of #Gold Produced or As Resources Nearby

Posted by AGORACOM-JC at 2:50 PM on Tuesday, August 15th, 2017

Gzdnew

WHY GRIZZLY DISCOVERIES?

  • More than 9 million oz Au produced or as resources in a radius of less than 70KM to Greenwood project
  • Portions of Grizzly’s Greenwood Project being explored by Kinross through option agreement
  • Only 55.5M Shares outstanding

Greenwood Gold District

Grizzly owns 100% interest in over 220,000 acres (along with an 80% interest in an additional 8,500 acres) in the historically productive Republic-Greenwood gold district along the BC/USA borderThe Republic/Greenwood district has collectively produced more than 7 million ounces of gold with an additional 2+ million ounces of resources* in the area. There has also been over 650 million pounds of copper production adjacent to and in the area of the Greenwood property.

U.S. Dollar Index Crashes by Most in 6 Years $AMK.ca $EXS.ca $GGX.ca $GZD.ca $MQR.ca $OPW.ca

Posted by AGORACOM-JC at 6:19 PM on Wednesday, August 2nd, 2017
  • So far year-to-date in 2017, the U.S. Dollar Index has crashed by more than 10% from 103.30 down to 92.89.
  • Last time that the U.S. Dollar Index declined by 10% or more in a period of 151 trading days was back on April 29, 2011. Gold at the time was trading for $1,540.25 per oz and over the following four months it soared by $354.75 per oz or 23% to a new record high of $1,895 per oz.

Historically, from 1971 through today, when the U.S. Dollar Index declines by 10% or more during a period of 151 trading days, gold over the following 12 months has gained by a median of 18.7%. To the contrary, when the U.S. Dollar Index gains by 10% or more during a period of 151 trading days, gold over the following 12 months has declined by a median of -0.24%. Click here to see for yourself!

Source: http://inflation.us/us-dollar-index-crashes-by-most-in-6-years/

FEATURE: Portions of Grizzly’s $GZD.ca Greenwood Project Being Explored by Kinross

Posted by AGORACOM-JC at 9:51 AM on Tuesday, August 1st, 2017

Gzdnew
WHY GRIZZLY DISCOVERIES?

  • More than 9 million oz Au produced or as resources in a radius of less than 70KM to Greenwood project
  • Portions of Grizzly’s Greenwood Project being explored by Kinross through option agreement

Planned 2017 Work Program Highlights:

  • 1,250 metres diamond drilling at Mt Attwood-Overlander and Midway areas
  • Generative work of mapping and sampling of high priority targets
  • Planned expenditure totals US $352,000

Greenwood Gold District 

Portions of Grizzly’s Greenwood Project being explored by Kinross is 100% owned by Grizzly Discoveries Inc. and includes 131 claims that form a contiguous package totaling approximately 27,346 hectares, representing approximately one third of Grizzly’s land holdings at Greenwood.

12 MONTH STOCK CHART

FEATURE: Grizzly (GZD-TSX-V) – More than 9M oz of gold produced or as resources nearby $GZD.ca

Posted by AGORACOM-JC at 12:13 PM on Wednesday, July 5th, 2017

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WHY GRIZZLY DISCOVERIES?

  • World class gold and base metal deposits in British Columbia; and diamonds in Alberta.
  • More than 9 million oz Au produced or as resources in a radius of less than 70KM to Greenwood project
  • Holds, or has an interest in, metallic and industrial mineral permits for potash totalling more than 364,000 acres along the Alberta-Saskatchewan border
  • Four precious-base metal properties in British Columbia totalling over 235,000 acres. Grizzly also currently holds more than 231,000 acres in diamond properties, which host diamondiferous kimberlites in the Buffalo Head Hills and Birch Mountains of Alberta
  • Portions of Grizzly’s Greenwood Project being explored by Kinross through option agreement

EXPLORATION HIGHLIGHTS

  • Drillholes with up to 31.1% K2O results from assays on recent Grizzly drill program
  • Historic Unity Potash Mine 45 km east of existing GZD lands
  • Agrium Vanscory Potash Mine 200 km east of GZD lands
  • Significant Potash in drill core or indicated by gamma logs at depths ranging from 1,060m to 1,675m
  • Temperatures at those depths range from about 50oC to 75oC. Optimal temperature for solution mining is approximately 75oC.

POTASH DEMAND AND GROWTH

  • According to industry estimates, Canada has Potash resources of 7.3 billion tonnes – roughly 52% of the world’s supply.
  • Currently 11 mines in Saskatchewan produce the majority of Canada’s 35% contribution to the world’s annual production.
  • The arable land per person in the world is declining, and weather patterns are becoming more volatile and extreme, fuelling demand for Potash which increases the yield per acre approximately 40%.

BC PRECIOUS METALS

Greenwood Gold District

Portions of Grizzly’s Greenwood Project being explored by Kinross is 100% owned by Grizzly Discoveries Inc. and includes 131 claims that form a contiguous package totaling approximately 27,346 hectares, representing approximately one third of Grizzly’s land holdings at Greenwood. Under the terms of a September 2015 agreement, KG Exploration (Canada) Inc. can earn a 75% interest on the optioned land pursuant to an Option Agreement with Grizzly on portions of its land holdings in southeastern British Columbia by incurring US$3 million in exploration expenditures over a 5 year period. By the second anniversary of the agreement, 750 metres of diamond drilling must be completed along with US$750,000 in expenditures by September 23, 2017.

ALBERTA DIAMONDS

  • Following 12 drill holes, 3 new diamond bearing kimberlites were discovered in 2008 at the Buffalo Head Hills property.
  • Grizzly has more than 200,000 acres surrounding Diamondex & Shore Gold in the Buffalo Head Hills.
  • Two kimberlite pipes look very promising and need bulk sampling which is being planned for future dates due to Grizzly’s current potash focus.
  • Land rights are valid for 2 to 5 years based on existing development work done on properties by Grizzly.

Buffalo Head Hills Diamond Property, Alberta
A Renewed Interest in diamonds

Renewed interest in diamond exploration during 2015 and 2016 has prompted re-evaluation of Grizzly’s Buffalo Head Hills Diamond Project in north-central Alberta, which is located approximately 330 kilometres northwest of Edmonton and is easily accessed during summer and winter by a large network of roads and cutlines. Based upon an internal review of all data, the Company has staked additional permits of highly prospective lands for diamond-bearing kimberlites in the Buffalo Head Hills area. Grizzly’s total land position includes 11 permits that encompass approximately 220,000 acres.

Check Out Our Recent Fact Sheet

12 MONTH STOCK CHART

INTERVIEW: Grizzly Discusses Greenwood Project Currently Under Option to Kinross $GZD.ca $K.ca

Posted by AGORACOM-JC at 3:52 PM on Monday, March 13th, 2017