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Advance Gold $AAX.ca #Gold Prices – The Next Five Years $ANG.jo $ABX.ca $NGT.ca $MGG.ca $SIL.ca $FA.ca $LON

Posted by AGORACOM-Eric at 10:40 AM on Friday, August 9th, 2019

SPONSOR: Advance Gold AAX.v – Advance Gold controls 100% interest in the Tabasquena Silver Mine in Zacatecas, Mexico. A cluster of 30 Epithermal veins have been discovered, with recent emphasis on exploring a large anomaly to drill. Advance also owns 15% of the Kakamega JV attached to Barrick Takeover Offer for Acacia Mining Click Here for More Info

https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564631/hub/advance-gold-large.png
AAX.v
  • The model tells us that gold prices were inexpensive for the first five months of 2019 and are slightly undervalued at the end of July 2019.
    Gold prices should rise in the next five years

Breaking News: COMEX paper gold contracts closed on Wednesday, August 7, at $1,513, up from $1,274 on May 22. Gold bottomed at $1,045 in December 2015. The S&P 500 Index closed at a new all-time high on July 26.

Gold closed at its highest price since 2013.

Read: Silver Prices – The Next Five Years

What Happens Next?

  • We don’t know. Gold has disappointed for years, but central banks must “inflate or die.” Expect more QE, lower interest rates and excessive political and central bank manipulations.
  • But the more important question is: Are the COMEX prices for paper gold a fair value for the metal, or are they misrepresentative of what prices should be in this debt-based QE manipulated economy?
  • Should gold prices be higher or lower?
  • Consider the following graph of actual gold prices (each annual data point is the average of about 250 daily prices) and calculated gold prices based on an updated empirical model.
A close up of a map

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WHAT THIS GRAPH DOES NOT DO:

  • It is an empirical model, NOT a mathematical proof. It guarantees nothing. While the model has worked for five decades, it could become less effective tomorrow, next year, or never.
  • The model does NOT use gold or silver prices to produce calculated gold prices.
  • It is NOT a price prediction for paper gold contracts on the COMEX.
  • It is NOT a timing model. You shouldn’t TRADE based on this model.

WHAT THIS GRAPH DOES:

  • The model shows an estimated value for (annual average) gold prices based on macroeconomic variables. It is a valuation model.
  • The calculated gold model uses official national debt, crude oil, and the S&P 500 Index as input variables.

Test the Assumptions:

  • Gold prices rise, along with most other prices, as the banking cartel devalues the dollar and pushes currency units into circulation. A proxy for inflationary price increases is the official U.S. National Debt adjusted for population growth.
A screenshot of a cell phone

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  • Official National Debt in 1971 was $400 billion. Today it exceeds $22,000 billion – over $22 trillion. Debt and prices will increase until the financial system breaks or resets.
  • Gold prices rise along with crude oil, the most important global commodity.
  • Crude oil sold for $2.00 in 1971. Today it sells for $51.00. It peaked at $147 in 2008. Crude oil prices rise because the banking cartel devalues the dollar, changing supply and demand, and because commodities are sometimes more desired than paper assets.
  • Over the long-term, commodity prices, including oil and gold, rise and fall opposite to the S&P 500 Index. When investors favor stocks (and paper investments) commodity prices are often weak. When commodity prices are strong, stocks are often weak. The model assumes that gold prices are mildly, but inversely, affected by the S&P 500 Index.
  • Gold is real money, unlike the digital and paper debts (“fake-money”) issued by central banks. Gold will rise in “fake-money” units as the banking cartel devalues currency units by issuing ever-increasing quantities of “fake-money.” In many currencies, gold has already reached new all-time highs.

Assumptions Summary:

  • Gold prices move higher as population adjusted national debt increases. (Dollar devaluation drives all prices higher.)
  • Gold prices move higher and lower with crude oil, another commodity.
  • Gold prices move opposite to the S&P 500 Index. (Investor preference for commodities versus paper assets.)
  • The model weighs and combines these macroeconomic variables to produce a “calculated gold price.” Call it a “fair value” price.

Examine the graph of gold prices and calculated gold prices for nearly five decades. Note that:

  • Calculated prices approximately match the annual average of daily gold prices.
  • Calculated prices may bottom and rally several years before the paper gold price bottoms and moves upward.
  • Calculated annual prices don’t reach gold’s high and low daily prices because daily prices spike too high and crash lower.
  • Buying for the long term makes sense when daily gold prices are low compared to the “calculated” price. (Think early 2019.)
  • Selling a portion of core positions is sensible when daily prices are well above “calculated” prices, such as in 2011.

Gold Prices in Five Years?

  • I don’t know, but almost certainly much higher.
  • The model depends upon national debt (will be much higher), crude oil prices (higher in five years—probably) and the S&P 500 Index (flat to higher—maybe).
  • National debt will rise rapidly. A 100-year average increase is almost 9% per year, every year. Current economic conditions, no credible spending restraints, “QE to Infinity,” and the coming recession will boost deficits and debt into the stratosphere, even without more wars.
  • Crude oil prices rise and fall. They traded below $11 in 1998, reached $147 in 2008, but moved below $30 in 2016. Mid-East tensions and inflationary expectations are rising. It’s reasonable to expect crude oil prices will not fall much from current levels and might rise considerably.
  • The S&P 500 has risen from 100 in the 1960s. It is overvalued today and likely to fall, but in the long-term it will rise as dollars are devalued. Assume it corrects and then rises slowly. Remember, the S&P 500 collapsed over 50% after its 2007 high.

THE RESULTS:

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From an Interview with Chris Powell:

“I think the crashing point is where the Scottish economist Peter Millar puts it – where interest on debt starts going exponential and consuming the real economy. In a paper written in 2006 Millar wrote that fiat money systems based on debt require periodic currency devaluations to reduce the burden of interest payments. These devaluations require upward revaluation of the monetary metals and all real assets relative to debt and currency.

“Indeed, the U.S. economists and fund managers Paul Brodsky and Lee Quaintance speculated in 2012 that such a devaluation of currencies and upward revaluation of gold was already the long-term plan of central banks – that they were redistributing world gold reserves to allow countries with excessive U.S. dollar surpluses to hedge themselves against a dollar devaluation. The resulting upward revaluation of gold, Brodsky and Quaintance wrote, would reliquify central banking around the world.”

From “How the Fed Wrecks the Economy”

“In simplest terms, easy money blows up bubbles. Bubbles pop and set off a crisis. Rinse. Wash. Repeat.”

“The economy is loaded up with government, corporate and consumer debt. The stock markets have been juiced to record levels. We also see other asset bubbles in high-yield bonds, housing (again), and commercial real estate, along with a lot of other assets you don’t hear as much about – such as art and comic books.”

“The bottom line is that we can’t “fix” the economy by electing Republicans or Democrats. We can’t put the country on sound economic footing by tweaking this or that policy in Washington D.C. The only way to put the economy on a sound footing is to deal with the root cause of the problem — the Federal Reserve and its constant meddling.”[In the meantime, expect larger deficits and higher gold prices.]

From Groucho Marx:

“Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies.” [The results include massive deficits, unpayable debt, consumer price inflation and higher gold prices.]

A yellow sign on a pole

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CONCLUSIONS:

  • The model tells us that gold prices were inexpensive for the first five months of 2019 and are slightly undervalued at the end of July 2019.
  • Gold prices should rise in the next five years. The model, depending on assumptions for debt increases, crude oil prices and the S&P 500, suggests a fair value of $2,500 to $4,500 in five years. A spike much higher, perhaps to $10,000, is not unlikely.
  • Daily prices could double or triple the fair value or fall 10% to 20% below fair value.
  • This model is not a prediction or guarantee. It is a valuation model. It could lose accuracy tomorrow, but it has a nearly five-decade history of success.
  • Correlation for the annual model since 1971 is 0.97. The R-Squared value is 0.95.
  • Buy when the market price is at or lower than the calculated gold price, such as now or after the next correction. Sell when market prices drastically exceed calculated fair value, such as in late 1979, early 1980, and July-August 2011.

Miles Franklin will convert dodgy debt-based dollars into physical metal that has preserved wealth for millennia. The gold valuation model says buy during 2019 because gold prices are below fair value. Call Miles Franklin at 1-800-822-8080 to purchase undervalued gold and silver bullion and coins.

Gary Christenson The Deviant Investor

Gold Touches $1500 on Overnight Asian Demand, Signals Change in US Gold Market #It’s Different This Time $AAX.ca $AMK.ca $LAB.ca $GGX.ca $GR.ca

Posted by AGORACOM-Eric at 9:53 AM on Wednesday, August 7th, 2019
  • Gold approached 1500 Three times in the overnight session
  • Asian demand tends to be Physical whereas COMEX is a leveraged derivative market
  • Asian Demand could be an unexpected driver and catalyst for transitioning into recognized Bull Market
  • Some caution is warranted as pullbacks are required to help solidify price points
  • COMEX could be relegated as Asia evolves to settle Gold price
  • Emergence of Junior Financing will be further bull confirmation
https://www.kitco.com/commentaries/2019-08-07/images/Bubba87.png
https://www.kitco.com/news/2019-08-02/images/Osisko-Gold-Royalties.png

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American Creek Resources (TSX-V: AMK)

American Creek owns a 20% Carried Interest to Production at the Treaty Creek Project in the Golden Triangle. 2019’s first hole averaged 0.683 g/t Au over 780m in a vertical intercept. The Treaty Creek property is located in the same hydrothermal system as Pretivm and Seabridge’s KSM deposits. Eric Sprott recently made a strategic 1$M investment in AMK

Hub On AGORACOM

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(TSX-V: LAB)

Lead by Shawn Ryan and Roger Moss, LAB has 2 district scale Gold projects in Labrador that have never seen any modern exploration techniques. Ashuanipi and Hopedale are being systematically explored for gold potential utilizing the same techniques that created the White Gold discoveries.  At Ashuanipi , a 15km long by 2 to 6 km wide north-south trend exists and a second 14 km long by 2 to 4 km wide east-west trend exists. At Hopedale, 2019 exploration has discovered two new mineralized showings.First showing extends potential strike length by approximately 500 metres along strike of the Thurber Dog gold occurrence; Second showing was discovered in the Misery North area

Hub On AGORACOM

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Image result for ggx gold
(TSX-V: GGX)

GGX gold has discovered high grade gold silver and tellurium in the Greenwood-Republic mining camp, British Columbia. The current 2019 drill program follows up on 2018 intercept of high grade gold-silver (129 g/t gold and 1,154 g/t silver over 7.28 meter) from the near surface COD vein which is projected to be 1.5 kms in length. In addition tellurium grades were announced with “up to 3,860 g/t tellurium”, including “823 g/t tellurium over 7.28-meter core length” and “640 g/t tellurium over 6.90-meter core length. 2019 drilling on COD North is currently underway.

Hub on AGORACOM

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https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564603/hub/GREATATLANTIC_LOGO_TESTER-e1480712241913.jpg
(TSX-V: GR)

Great Atlantic is situated between Marathon Gold and Sokoman in Canada’s newest emerging gold district. The Company reported a NI 43-101mineral resource estimate for the JMZ in late 2018 on Golden Promise and 2019 is focused on prospecting and geochemical sampling at high priority targets within the property. Planned 24 hole program in the northern half of the property at the gold-bearing Jaclyn Zone, specifically at the Jaclyn Main Zone (JMZ) and Jaclyn North Zone (JNZ).

Hub on AGORACOM

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FULL DISCLOSURE: All companies listed above are advertising clients of AGORA Internet Relations Corp.

FEATURE: 5 Small Cap Gold Stocks Benefiting From $1,400 Gold $AMK.ca $LAB.ca $AAX.ca $GGX.ca $GR.ca

Posted by AGORACOM-Eric at 7:30 PM on Tuesday, August 6th, 2019
  • US $ Gold prices have remained above $1400 for five weeks, due in part to Federal Reserve’s actions
  • Continued Central Bank accumulation of physical gold represents fundamental floor
  • A weakening US dollar accelerates Central Bank demand and reinforces policies to continue purchases.
  • 2018 purchases came in at 650 tons
  • Estimates peg Central Banks purchases at approximately 375 tonnes in the first half of 2019
  • Trade wars ( China ) and Geopolitical conflicts ( Iran ) are price supportive
  • Technical factors support higher long term gold prices and renewal of bull market
  • Higher prices make marginal projects economic
  • Exploration becomes a renewed focus to supply future demand
https://www.kitco.com/news/2019-07-31/images/CentralBanksCapitalEconomics.PNG

———————

American Creek Resources (TSX-V: AMK)

American Creek owns a 20% Carried Interest to Production at the Treaty Creek Project in the Golden Triangle. 2019’s first hole averaged 0.683 g/t Au over 780m in a vertical intercept. The Treaty Creek property is located in the same hydrothermal system as Pretivm and Seabridge’s KSM deposits. Eric Sprott recently made a strategic 1$M investment in AMK

Hub On AGORACOM

———————

(TSX-V: LAB)

Lead by Shawn Ryan and Roger Moss, LAB has 2 district scale Gold projects in Labrador that have never seen any modern exploration techniques. Ashuanipi and Hopedale are being systematically explored for gold potential utilizing the same techniques that created the White Gold discoveries.  At Ashuanipi , a 15km long by 2 to 6 km wide north-south trend exists and a second 14 km long by 2 to 4 km wide east-west trend exists. At Hopedale, 2019 exploration has discovered two new mineralized showings.First showing extends potential strike length by approximately 500 metres along strike of the Thurber Dog gold occurrence; Second showing was discovered in the Misery North area

Hub On AGORACOM

———————

Image result for ggx gold
(TSX-V: GGX)

GGX gold has discovered high grade gold silver and tellurium in the Greenwood-Republic mining camp, British Columbia. The current 2019 drill program follows up on 2018 intercept of high grade gold-silver (129 g/t gold and 1,154 g/t silver over 7.28 meter) from the near surface COD vein which is projected to be 1.5 kms in length. In addition tellurium grades were announced with “up to 3,860 g/t tellurium”, including “823 g/t tellurium over 7.28-meter core length” and “640 g/t tellurium over 6.90-meter core length. 2019 drilling on COD North is currently underway.

Hub on AGORACOM

———————

https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564603/hub/GREATATLANTIC_LOGO_TESTER-e1480712241913.jpg
(TSX-V: GR)

Great Atlantic is situated between Marathon Gold and Sokoman in Canada’s newest emerging gold district. The Company reported a NI 43-101mineral resource estimate for the JMZ in late 2018 on Golden Promise and 2019 is focused on prospecting and geochemical sampling at high priority targets within the property. Planned 24 hole program in the northern half of the property at the gold-bearing Jaclyn Zone, specifically at the Jaclyn Main Zone (JMZ) and Jaclyn North Zone (JNZ).

Hub on AGORACOM

———————

FULL DISCLOSURE: All companies listed above are advertising clients of AGORA Internet Relations Corp.

Advance Gold $AAX.ca Begins Geophysical Survey at Tabasquena Project to Delineate Deeper Targets Below Zones of Widespread Gold and Silver Mineralization $MGG.ca $SIL.ca $FA.ca $LON

Posted by AGORACOM-Eric at 2:39 PM on Tuesday, August 6th, 2019
  • A 3D Induced Polarization (IP) geophysical survey on its Tabasquena project in Zacatecas, Mexico is underway.
  • Survey designed to complement and enhance current 3D model of Tabasquena Epithermal veins
  • Goal of the survey is to assess the depth potential below the near surface mineralized zone

Kamloops, British Columbia–(Newsfile Corp. – August 6, 2019) – Advance Gold Corp. (TSXV: AAX) (“Advance Gold” or “the Company”) is pleased to announce that a 3D Induced Polarization (IP) geophysical survey on its Tabasquena project in Zacatecas, Mexico is underway. This geophysical survey is designed to complement and enhance the 3D model derived from the recent drilling which confirmed a widespread gold and silver mineralized epithermal vein system.

Prior to Advance Gold acquiring the project, a limited IP survey had been carried out. This historical IP survey effectively identified three of the known veins as significant chargeability and resistivity anomalies.

The goal of the survey is to assess the depth potential below the near surface mineralized zone that was encountered in the andesites, with the graphitic phyllites below still open at depth. It is important to note that the vein systems in the nearby mines operated by Fresnillo Plc., and MAG Silver’s Juanicipio mine currently under construction, are epithermal veins systems focused on zones within the graphitic phyllites.

The 3D IP geophysical survey will take thousands of data point readings on an 800 X 500 metre grid. It is designed to give a clearer picture of anomalies adjacent to and below the current drilling, which is primarily down to 300 metres, and possibly see down to approximately 600 metres.

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “We are in a unique position for a gold and silver explorer as having found a fully intact epithermal vein system. This is a fairly rare occurrence. Making things somewhat challenging is that with a system like this, the boiling zone of the system is deeper. This is the case in all of the nearby mines around the cities of Fresnillo and Zacatecas, Mexico. The mines are hosted in the graphitic phyllites below the andesites. We have drilled a widespread zone of gold and silver mineralization in the andesites at Tabasquena. Hopefully, once the geophysical survey is completed we will be better able to focus our deeper drilling in the search for the boiling zone of the system. With the gold and silver markets gaining strength, it is a very exciting time for us to be advancing this exceptional project. In addition to the technical merits of the project, we are in one of the most prolific mining regions worldwide for silver as 10% of the historical world silver production comes from the state of Zacatecas, from epithermal vein systems. Since we made the discovery of this system approximately one year ago, the gold and silver markets have gone from being subdued to much more optimistic. One of the defining attributes of this region, in addition to the prolific mines, is that the costs for exploration, development and mining are some of the lowest in the mining sector. We have a highly prospective project at Tabasquena, are doing the work to advance the project, have a small and tight share structure and will be delivering crucial news as the market for gold and silver are improving yet the menu for investors to choose from is small when it comes to the exploration of quality projects.”

Julio Pinto Linares is a QP, Doctor in Geological Sciences with specialty in Economic Geology and Qualified Professional No. 01365 by MMSA., and QP for Advance Gold and is the qualified person as defined by National Instrument 43-101 and he has read and approved the accuracy of technical information contained in this news release.

About Advance Gold Corp. (TSXV: AAX)

Advance Gold is a TSX-V listed junior exploration company focused on acquiring and exploring mineral properties containing precious metals. The Company acquired a 100% interest in the Tabasquena Silver Mine in Zacatecas, Mexico in 2017, and the Venaditas project, also in Zacatecas state, in April, 2018.

The Tabasquena project is located near the Milagros silver mine near the city of Ojocaliente, Mexico. Benefits at Tabasquena include road access to the claims, power to the claims, a 100-metre underground shaft and underground workings, plus it is a fully permitted mine.

Venaditas is well located adjacent to Teck’s San Nicolas mine, a VMS deposit, and it is approximately 11km to the east of the Tabasquena project, along a paved road.

In addition, Advance Gold holds a 14.63% interest on strategic claims in the Liranda Corridor in Kenya, East Africa. The remaining 85.37% of the Kakamega project is held by Acacia Mining (63% owned by Barrick Gold Corporation).

For further information, please contact:
Allan Barry Laboucan,
President and CEO
Phone: (604) 505-4753
Email: [email protected]

Corporate website: www.advancegold.ca

FEATURE: 5 Small Cap Gold Stocks Benefiting From $1,400 Gold $AMK.ca $LAB.ca $AAX.ca $GGX.ca $GR.ca

Posted by AGORACOM-Eric at 10:30 AM on Friday, August 2nd, 2019
  • US $ Gold prices have remained above $1400 for five weeks, due in part to Federal Reserve’s actions
  • Continued Central Bank accumulation of physical gold represents fundamental floor
  • A weakening US dollar accelerates Central Bank demand and reinforces policies to continue purchases.
  • 2018 purchases came in at 650 tons
  • Estimates peg Central Banks purchases at approximately 375 tonnes in the first half of 2019
  • Trade wars ( China ) and Geopolitical conflicts ( Iran ) are price supportive
  • Technical factors support higher long term gold prices and renewal of bull market
  • Higher prices make marginal projects economic
  • Exploration becomes a renewed focus to supply future demand
https://www.kitco.com/news/2019-07-31/images/CentralBanksCapitalEconomics.PNG

———————

American Creek Resources (TSX-V: AMK)

American Creek owns a 20% Carried Interest to Production at the Treaty Creek Project in the Golden Triangle. 2019’s first hole averaged 0.683 g/t Au over 780m in a vertical intercept. The Treaty Creek property is located in the same hydrothermal system as Pretivm and Seabridge’s KSM deposits. Eric Sprott recently made a strategic 1$M investment in AMK

Hub On AGORACOM

———————

(TSX-V: LAB)

Lead by Shawn Ryan and Roger Moss, LAB has 2 district scale Gold projects in Labrador that have never seen any modern exploration techniques. Ashuanipi and Hopedale are being systematically explored for gold potential utilizing the same techniques that created the White Gold discoveries.  At Ashuanipi , a 15km long by 2 to 6 km wide north-south trend exists and a second 14 km long by 2 to 4 km wide east-west trend exists. At Hopedale, 2019 exploration has discovered two new mineralized showings. First showing extends potential strike length by approximately 500 metres along strike of the Thurber Dog gold occurrence; Second showing was discovered in the Misery North area

Hub On AGORACOM

———————

Image result for ggx gold
(TSX-V: GGX)

GGX gold has discovered high grade gold silver and tellurium in the Greenwood-Republic mining camp, British Columbia. The current 2019 drill program follows up on 2018 intercept of high grade gold-silver (129 g/t gold and 1,154 g/t silver over 7.28 meter) from the near surface COD vein which is projected to be 1.5 kms in length. In addition tellurium grades were announced with “up to 3,860 g/t tellurium”, including “823 g/t tellurium over 7.28-meter core length” and “640 g/t tellurium over 6.90-meter core length. 2019 drilling on COD North is currently underway.

Hub on AGORACOM

———————

https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564603/hub/GREATATLANTIC_LOGO_TESTER-e1480712241913.jpg
(TSX-V: GR)

Great Atlantic is situated between Marathon Gold and Sokoman in Canada’s newest emerging gold district. The Company reported a NI 43-101mineral resource estimate for the JMZ in late 2018 on Golden Promise and 2019 is focused on prospecting and geochemical sampling at high priority targets within the property. Planned 24 hole program in the northern half of the property at the gold-bearing Jaclyn Zone, specifically at the Jaclyn Main Zone (JMZ) and Jaclyn North Zone (JNZ).

Hub on AGORACOM

———————

FULL DISCLOSURE: All companies listed above are advertising clients of AGORA Internet Relations Corp.

GGX Gold $GGX.ca – Gold Looking To Break Out $XIM.ca $K.ca $GOM.ca

Posted by AGORACOM-Eric at 11:48 AM on Wednesday, July 31st, 2019

SPONSOR: GGX Gold Corp (TSX-V: GGX) GGX’s Gold Drop Property resides within a multi-million ounce gold producing region in British Columbia. The property holds the C.O.D. Vein and recently discovered Everest Vein. GGX has initiated 2019 drilling at Gold Drop. Click Here for More Info

  • Expectations are the Fed will cut rates by 25 basis points
  • Falling interest rates make metals more attractive
  • Tie in bullish technicals with a clueless Fed and we should see higher gold and silver prices.

Yesterday we wrote that gold and silver would probably be quiet and flat until after the Fed reported on Wednesday. It now looks like the metals are trying to get a jump on the Fed and have started to rally early.

Friday saw gold trade as low as $1,412 and suddenly the metal is back over $1,440. There was a late-day rally Monday with some early morning follow-through today. The key to watch in gold is the $1,450 level, since a close above would signal $1,500 is not far behind. Silver looks like it wants to join the rally and push through $17.

Expectations are the Fed will cut rates by 25 basis points; that would be bullish for the metals. Falling interest rates make metals more attractive. Tie in bullish technicals with a clueless Fed and we should see higher gold and silver prices.

SOURCE: https://www.kitco.com/commentaries/2019-07-30/Gold-Looking-To-Break-Out.html

Advance Gold $AAX.ca #Gold Holds Steady as Investors Eye Fed’s Interest Rate Strategy $ANG.jo $ABX.ca $NGT.ca $MGG.ca $SIL.ca $FA.ca $LON

Posted by AGORACOM-Eric at 10:10 AM on Monday, July 29th, 2019

SPONSOR: Advance Gold AAX.v – Advance Gold controls 100% interest in the Tabasquena Silver Mine in Zacatecas, Mexico. A cluster of 30 Epithermal veins have been discovered, with recent emphasis on exploring a large anomaly to drill. Advance also owns 15% of the Kakamega JV attached to Barrick Takeover Offer for Acacia Mining

https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564631/hub/advance-gold-large.png
AAX.v
  • Caution ahead of this week’s U.S. Federal Reserve meeting, with investors likely to look beyond an expected rate cut
  • Interest rate futures are fully priced for a quarter-point rate cut from the Fed on Wednesday, with only a small chance of a half-point move.
https://image.cnbcfm.com/api/v1/image/33594912-gold_bars.jpg?v=1494984788&w=740&h=555

Gold was little changed on Monday as caution set in ahead of this week’s U.S. Federal Reserve meeting, with investors likely to look beyond an expected rate cut to the central bank’s guidance on monetary policy for the rest of the year.

Spot gold edged 0.1% higher to $1,419.45 per ounce. U.S. gold futures were flat at $1,419.30 an ounce.

“A rate cut is entirely priced in while a 50 basis points cut is extremely unlikely. So guidance becomes absolutely key,” OANDA senior market analyst Craig Erlam said.

”(Gold’s movement) will depend on how dovish or how far ajar Jerome Powell leaves the door on these rate cuts in the months ahead.”

For the first time since the financial crisis, the Fed is expected to trim the key interest rate by at least 25 basis points (bps) at its July 30-31 meeting. Investors will also look for signals of likely additional cuts in the pipeline.

“Much will also depend on what Fed Chair Powell says in the subsequent press conference: if he makes no mention of a cycle of rate cuts, causing gold to come under pressure, we would not see this as a trend reversal but as an attractive buying opportunity,” analysts at Commerzbank said in a note.

Interest rate futures are fully priced for a quarter-point rate cut from the Fed on Wednesday, with only a small chance of a half-point move.

Traders will also keep a close eye on the U.S. and Chinese trade talks in Shanghai this week, as negotiators from both countries meet for their first in-person talks since a truce at G20 last month. Expectations are low for a breakthrough.

On the technical front, $1,400 will be the key downside support for gold, and beyond that, $1,380, OANDA’s Erlam said.

“Bulls are very reluctant to let go just yet, but if we do see those levels break, we might see gold bulls head for the exits quite quickly.”

Hedge funds and money managers reduced their bullish stance in COMEX gold in the week to July 23, the U.S. Commodity Futures Trading Commission (CFTC) said in a report on Friday.

SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings fell 0.1% to 818.14 tonnes on Friday.

Among other precious metals, silver dipped 0.1% to $16.37 per ounce.

Palladium fell 0.3% to $1,530.38 per ounce, while platinum gained 0.8% to $867.26 per ounce.

SOURCE: https://www.cnbc.com/2019/07/29/gold-markets-federal-reserve-in-focus.html

American Creek $AMK.ca Announces $300,000 Financing to Advance Golden Triangle Assets. Launches Online Marketing and CEO Verified Forum on AGORACOM to Raise Awareness for Treaty Creek JV with Tudor Gold $SA $SKE.ca $TUD.ca $PVG.ca $MRO.ca $NGT.ca $SPMT.ca $GTT.ca $III.ca $GGI.ca $SII.ca

Posted by AGORACOM-Eric at 9:33 AM on Friday, July 26th, 2019
This image has an empty alt attribute; its file name is 46549_2fcccb5dd48ccaa5_logo.jpg

Cardston, Alberta–(Newsfile Corp. – July 26, 2019) – American Creek Resources Ltd. (TSXV: AMK) (“the Company”) (“American Creek”) today announced that it will be offering on a non-brokered private placement basis (“the Offering”) up to 6,000,000 units (“Units”) at a price of $0.05 per Unit for proceeds of $300,000 if the Offering is fully subscribed. Each Unit will consist of one common share of the Corporation (“Common Share”) and one non-transferrable Common Share purchase warrant (“Warrant”). Each Warrant may be exercised for one additional Common Share at a price of $0.06 for a period of 24 months from the closing date of the Offering.

The securities will be offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation. A Finder’s Fee of 5% may be paid associated with this financing.

Proceeds will be used for general operating purposes including the advancement of key assets in BC’s Golden Triangle.

This private placement is subject to approval by the TSX Venture Exchange.

American Creek Resources “CEO Verified” Discussion Forum on AGORACOM to act as Primary Investor Social Media and Online Marketing Platform

The Company is also pleased to announce the launch of a “CEO Verified” Discussion Forum on AGORACOM. The forum will serve as the Company’s primary social media platform to interact with both shareholders and the broader investment community in a fully moderated environment.

AGORACOM “CEO Verified” provides the first ever identity verification of small cap executives on a finance platform, which will provide American Creek Resources executives and shareholders with a trusted online forum. There are no log-in requirements for investors to visit the forum and read posts. Those wishing to post questions, comments and interact with both company officers and other shareholders can quickly log-in using their Facebook or LinkedIn accounts, or create an anonymous new user account.

The American Creek Resources Discussion Forum can be found at:
https://agoracom.com/ir/AmericanCreek/forums/discussion

Verified officers at launch on August 1:

Darren Blaney, President and CEO
Rob Edwards, CFO
Kelvin Burton, Investor Relations

Darren Blaney, President and CEO stated, “Social media participation is very important for growth companies such as ours and AGORACOM forums are purpose built to facilitate intelligent discussion without the nonsense that plagues other such sites. I encourage everyone to read and participate in our CEO Verified Discussion Forum to create great, vibrant and constructive interaction for the long term benefit of everyone. “

George Tsiolis, AGORACOM Founder stated “Given the state of affairs in the red hot Golden Triangle, American Creek executives will have a lot to say and their shareholders are going to have a lot of questions in the coming months. This CEO Verified Discussion Forum will provide a home for trusted information, full transparency and civilized 24/7/365 interaction.”

In addition to the CEO Verified Forum, the Company will also receive significant exposure through millions of content brand insertions on the AGORACOM network, extensive search engine marketing and social media engagement targeting the Golden Triangle over the next 12 months. Sponsorships of digital properties such as AGORACOM TV, the AGORACOM home page and the AGORACOM Twitter account will serve to significantly raise the brand awareness of American Creek amongst small cap investors.

About AGORACOM

AGORACOM achieved a major milestone on February 28, 2019 surpassing 600 Million-page views (90% AGORACOM / 10% Twitter) from 7.7 Million investors that visited 55.2 Million times. These milestones continue to demonstrate that AGORACOM is the primary home for serious small cap investors that want to discover their next great small cap company.

Shares for Services

The Company intends to issue common shares in the capital of the Company (the “Common Shares”) to AGORA in exchange for the Services. Pursuant to the terms of the Agreement, the Company will be issuing a total fee of $45,000 (plus GST) in instalments over the next 12 months.

The number of Common Shares to be issued at the end of each period will be determined by using the closing price of the Common Shares of the Company on the Toronto Venture Exchange on the first trading day following the end of each period for which the Services were provided by AGORA.

The term of the Agreement is for 12 months effective July 15, 2019 and the agreement is subject to Exchange approval.



Image of mineralized zones on Treaty Creek located adjacent to Seabridge Gold’s KSM deposits.

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/682/46549_2fcccb5dd48ccaa5_001full.jpg

Eric Sprott invests in Treaty Creek

With Eric Sprott’s latest $3,000,000 investment announced on Friday he has now personally invested $4.5 million into the Treaty Creek Joint Venture through its operator and 60% owner Tudor Gold. In a podcast (also on Friday) Eric enthusiastically described the potential of the Treaty Creek project when he made statements like:

“It’s drilling a monster play just like the GT Gold play” “The last hole they announced, which was last year, was 563 meters of 1.08 gold.”

“It’s in the perfect logistical place to develop it. The market cap of the company (Tudor) is like under $50 million and yet what we’re shooting for is to define a 10 or 20-million-ounce discovery, so you’re paying nothing for this discovery.”

“So that’s the sort of play that I like where man, if the price of gold goes to $1,700 or $2,000 these plays will look so economically viable and the stock will go up so much, and the analogy I use is Seabridge back in 2000. I remember buying it at a dollar…and Seabridge went from $1 to $35 dollars! That is what we are looking for – a dollar to $35 dollars, set you up for life!”

American Creek Resources has a fully carried 20% interest (1/3 of Tudors 60% interest) in the Treaty Creek Joint Venture and has a “free ride” with no associated exploration/development costs until such time as a production notice is given. This puts American Creek shareholders in an extremely favorable leveraged position, especially considering the other exceptional properties it owns including two more in BC’s Golden Triangle. American Creek is presently valued at, and is trading at less than 1/3 of Tudor’s present value (Treaty Creek being Tudor’s focus and flagship property), offering an even more leveraged opportunity at the moment.

The Goldstorm zone at Treaty Creek has the potential to be a world class gold deposit with lower costs and far better logistics than Seabridges’ adjacent KSM. According to Sprott, Seabridge set a lot of people up for life and the opportunity for something similar by “paying nothing for the discovery” is right here, right now.

Click the link below for the Sprott podcast. Tudor/Treaty Creek are discussed beginning at about the 10:07 mark….but we suggest you listen to the whole thing as Eric describes the present gold/silver market in general.

For details about the Treaty Creek JV please visit our website here: https://americancreek.com/index.php/projects/treaty-creek/home

About American Creek Resources

American Creek is a Canadian junior mineral exploration company with a strong portfolio of gold and silver properties in British Columbia. Three of those properties are located in the prolific “Golden Triangle”; the Treaty Creek and Electrum joint venture projects with Tudor Gold/Walter Storm as well as the 100% owned past producing Dunwell Mine.

The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King properties located in other prospective areas of the province.

For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. Information relating to the Corporation is available on its website at www.americancreek.com

CLIENT FEATURE: American Creek Resources $AMK.ca On Trend and Within Sight of Seabridge’s 40 Million Gold Ounces $SA $SKE.ca $TUD.ca $PVG.ca $MRO.ca $NGT.ca $SPMT.ca $GTT.ca $III.ca $GGI.ca $SII.ca

Posted by AGORACOM-Eric at 10:55 AM on Thursday, July 25th, 2019
  • AMK owns a 20% carried interest to production at Treaty Creek
  • Last hole at Goldstorm 2018: 563.8m of 0.98 g/t gold and unknowingly stopped while still in the gold zone
  • Seabridge’s production logistics require Treaty Creek ownership approval.
  • Potential scale of Treaty Creek equal to KSM
  • Tudor is currently drilling Goldstorm

If you have not yet read the 2019 REPORT ON TREATY CREEK (potential world-class deposit in B.C.’s GOLDEN TRIANGE) click on the image for the full report. 

Hub on Agoracom
  FULL DISCLOSURE: American Creek is an advertising client of AGORA Internet Relations Corp.

GGX Gold Update on Gold Drop Drilling $GGX.ca $XIM.ca $K.ca $GOM.ca

Posted by AGORACOM-Eric at 9:33 AM on Wednesday, July 24th, 2019
https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564602/hub/ggx_large.png
  • Drilling at the C.O.D. North vein – 421m has been drilled in 7 holes
  • 1,965m drilled in 32 holes on the main COD vein – Assays Due
  • Drill testing “Anomaly” at depths between 500 and 800 metres
  • The anomaly is interpreted as a pipe-like structure measuring 1834 by 1377m

VANCOUVER, BC / ACCESSWIRE / July 24, 2019 / GGX Gold Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX”) provides the following update on its exploration activities at its Gold Drop property in the Greenwood Mining Camp.

Drilling resumed as of July 16 at the C.O.D. North vein. As of July 22, a total of 421 metres has been drilled in 7 holes on the COD North, in addition to the total of 1,965 metres drilled in 32 holes on the main COD vein. An initial batch of samples was submitted for analyses in late June, but assays have not yet been received.

Preparations are also underway to drill a relatively deep hole on a geophysical anomaly (refer to news release dated July 4). Drill rods and bits have been purchased and a night shift drill crew has been arranged. The drill site has been selected and verified by a representative for Earth Science Services Corporation of Oshawa, Ontario (ESSCO). The initial hole is planned to be drilled to test the target zone at depths between 500 and 800 metres. The anomaly is interpreted as a pipe-like structure that measures 1834 by 1377 metres.

The Company also announces that it has repriced the flow through portion of its private placement originally announced on June 18, 2019. The non brokered private placement will now be an offering of up to 4,000,000 flow through units at a price of Cdn$0.25 per unit for gross proceeds of $1,000,000. Each flow-through unit will comprise one common share (which is a flow-through share for Canadian income tax purposes) and one-half share purchase warrant. Each whole flow-through warrant will entitle the holder to purchase one additional common share which is not a flow-through share at the price of $0.35 for 18 months after closing. The term of the warrants may be accelerated in the event that the issuer’s shares trade at or above a price of $0.40 cents per share for a period of 10 consecutive days. In such case of accelerated warrants, the issuer may give notice, in writing or by way of news release, to the subscribers that the warrants will expire 20 days from the date of providing such notice. The proceeds of the private placement will be used for continued exploration work including diamond drilling and trenching at the Company’s Gold Drop property near Greenwood in Southern British Columbia.

The terms of the non-flow through placement remain as announced on June 18, 2019.

A finder’s fee may be paid to eligible finders in accordance to the TSX-V policies. All securities issued pursuant to the offering will be subject to a hold period of four months and one day from the date of closing. The offerings and payment of finders’ fees are both subject to approval by the TSX-V.

David Martin, P.Geo., a Qualified Person as defined by National Instrument 43-101 and consultant to the Company, approved the technical information in this release.

On Behalf of the Board of Directors
George Sookochoff, President,
604-488-3900
[email protected]

Investor Relations:
Mr. Jack Singh,
604-488-3900,
[email protected]