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Advance Gold $AAX.ca – Gold Is At An All-Time High In 73 Countries $ANG.jo $ABX.ca $NGT.ca $MGG.ca $SIL.ca $FA.ca $LON

Posted by AGORACOM-Eric at 1:19 PM on Monday, August 12th, 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

  • In Canada, Gold is $100 higher than its (previous) all-time highs.
  • Gold and Silver Ratio also close to previous highs

SOURCE: https://www.zerohedge.com/news/2019-08-11/everything-has-changed-gold-all-time-high-73-countries

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:

A close up of a map

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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

———————

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.

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

GGX Gold: Former Lead Financial Officer of The World Bank Explains Central Banks Return to Gold $GGX.ca $NNZ.ca $GTT.ca $AOT.ca $MTB.ca

Posted by AGORACOM-Eric at 1:40 PM on Monday, July 22nd, 2019

SPONSOR: GGX’s Gold Drop property, situated in one of the most prolific gold-copper mining camps of North America, the Greenwood-Republic mining camp. The current 2019 drill program is following up on the 2018 drilling which intercepted high grade gold-silver results (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. Click here for more information

http://ggxgold.com/wp-content/uploads/2019/04/GGX-Logo-TSXV.png
Central Banks Return to Gold
  • Central banks bought more gold in 2018 than at any time since the early 1970s
  • Bullion holdings rose by 651.5 tons last year, the most since 1971

In the 1990s, gold was an unloved asset among central banks. Reserve managers lent or sold their gold, particularly in Europe, and the gold price fell to a low of US$250/oz. Years of persistent selling triggered the Central Bank Gold Agreement of 1999, under which signatories agreed to limit collective sales to 400 tonnes per annum, put a cap on gold leasing and take a disciplined approach to gold futures and options. 

The Agreement delivered two clear benefits: it helped to stabilise the gold price and increased transparency around central bank gold sales. Today, however, sentiment towards gold has been transformed and gold has regained its status as a valuable and highly regarded reserve asset.

In 2018 alone, central banks bought 651 tonnes of gold, up 74% compared to 2017 and the highest level since 1971.

Key Changes

A glance back over the past 20 years highlights some of the key changes in central bank behaviour. 

First, central banks have rapidly and consistently added to their foreign exchange reserves since the Asian crisis of 1998. Reserves are a crucial element in a country’s armoury, providing protection against both domestic and external shocks and acting as a show of confidence to the outside world. Emerging market economies led the charge in this respect, sending worldwide foreign exchange reserves from around US$3 trillion (tn) in 2000 to approximately US$13tn in 2014. Purchases have plateaued over the past five years but still stand at some US$13tn today.

The dollar is the most widely held reserve asset but, according to International Monetary Fund statistics, gold comes third, accounting for 11% of global reserves. Having been net sellers until 2000, central banks have been net buyers ever since. In 2018 alone, central banks bought 651 tonnes of gold, up 74% compared to 2017 and the highest level since 1971. Over the past decade, central banks have purchased more than 4,300 tonnes of gold, taking their total holdings to around 34,000 tonnes today. The trend has continued in 2019, with net purchases reaching 90 tonnes before the end of the first quarter.
Notably too, central bank buying has been geographically diverse. Russia has been the most committed purchaser of gold – acquiring almost 275 tonnes in 2018, the largest amount ever purchased in a single year. China has been consistently adding to its reserves as well, but many other emerging market countries have been accumulating gold over the past year and more, including Hungary, Poland, Egypt, Kazakhstan and India.

The Drivers

What is the rationale behind this renewed interest in gold? First, heightened uncertainty about the global economic and geo-political outlook and second, gold’s intrinsic value as a reserve asset.

Ten years after the Global Financial Crisis, the macro-economic outlook remains fragile and hard to read. In April, the IMF outlook highlighted weakening GDP growth, with risks skewed to the downside. As IMF Chief Economist Gita Gopinath explained, the global economy is at “a delicate moment”. Advanced economies are predicted to grow by just 1.8% in 2019 and 1.7% in 2020, while growth in the Euro area is expected to be even lower, at 1.6% and 1.5% respectively. The emerging market growth trajectory is more solid (4.4% in 2019 and 4.8% in 2020) but risks remain tilted downwards.
Trade tensions are a major unknown. They have already had a negative impact on growth and if the US and China do not reach a genuine truce, the global outlook may worsen further. Fears of retaliation and escalation may hit business investment, supply chains may be disrupted, and productivity may slow across the world stage. The Euro area faces specific challenges too. Business confidence is low, especially in Germany due to the introduction of new fuel emission standards in the auto industry. Fiscal policy is affecting Italian sovereign and commercial bank spreads. And, of course, uncertainty about Brexit persists, particularly as the exit date has now been postponed to October 2019.

Furthermore, global geo-political risks have not abated and may have a negative impact on economic activity. Idiosyncratic risks are increasing too, such as the rise of populist governments in Latin America and across Europe.

What is the rationale behind this renewed interest in gold? First, heightened uncertainty about the global economic and geo-political outlook and second, gold’s intrinsic value as a reserve asset.

Gold Advantages

All these uncertainties accentuate negative market sentiment and drive central bank investors to reallocate their portfolios away from risky assets to safe haven assets.

This is where gold comes into its own, as it fulfils central banks’ three core objectives: safety, liquidity and return.

Gold is well known as a safe haven asset. It carries no credit risk, has little or no correlation with other assets and the price generally increases in times of stress. As such, it offers valuable protection in times of crisis. 

Gold is highly liquid too. It can easily be traded in global market centres, such as London and New York. It can be used in swap transactions to raise liquidity when needed and it can be actively managed by reserve managers.

Gold can also enhance the risk/return profile of a central bank portfolio. Its lack of correlation to other major reserve assets makes it an effective portfolio diversifier and, over the long term, it delivers higher returns than many other assets. 

Explore findings from the World Gold Council’s 2019 Central Bank Gold Reserves Survey

SOURCE: https://www.gold.org/goldhub/research/gold-investor/central-banks-return-to-gold

CLIENT FEATURE: Advance Gold $AAX.ca Owns 15% of Kakamega JV attached to Barrick Takeover Offer for Acacia Mining $ANG.jo $ABX.ca $NGT.ca

Posted by AGORACOM-Eric at 7:30 PM on Tuesday, July 16th, 2019
  • Barrick Gold Corporation’s offer for Acacia Mining PLC under review by Independent Mining Consultants
  • Arguing Acacia is worth 38% more than Barrick’s offer
  • The takeover offer and its effect on the Kakamega joint venture project between Acacia and Advance Gold are not yet understood
  • The Kakamega joint venture project is owned 85.37% by Acacia and 14.63% by Advance Gold
  • New licenses for the joint venture project were issued and exploration program is underway post rainy season

Kakamega – The Rosterman Mine

Acacia Exploration Kenya Ltd. (“Acacia”) has 85.47% equity in the Kakamega Project, which comprises the Rosterman, Burkura, and Sigalagala Projects in Kenya, East Africa.

Rosterman SL267: The most northerly of the three licences hosts the historic Rosterman mine, which is reported to have produced in excess of 250,000oz Au at average grade in excess of 13g/t. Click Click here for map

Bukura SL265 and Sigalagala SL266: The southern licences host numerous significant historical colonial mines and areas of active artisanal mining. Click here for map

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 and the Venaditas project in Zacatecas state. Advance Gold also holds a 14.63% interest in the Kakamega project held by Acacia Mining (63% owned by Barrick Gold Corporation)

Advance Gold Hub on Agoracom

FULL DISCLOSURE: Advance Gold is an advertising client of AGORA Internet Relations Corp.

GGX Gold to Re-Start Drilling at Gold Drop $GGX.ca $NNZ.ca $GTT.ca $AOT.ca $MTB.ca

Posted by AGORACOM-Eric at 9:12 AM on Thursday, July 11th, 2019
http://ggxgold.com/wp-content/uploads/2019/04/GGX-Logo-TSXV.png
  • Drilling at the C.O.D. North vein, where sample results obtained late last year ranged up to 21.7 grams per tonne gold over 0.4m
  • Drilling will then be directed to the area of a new-technology geophysical target identified by Stargate II
  • Anomaly measures 1834 by 1377 metres and is interpreted as a pipe-like structure that tops out at about 360 metres
  • Drilling to a depth of at least 400 and up to 764 metres

VANCOUVER, BC / ACCESSWIRE / July 11, 2019 / GGX Gold Corp. (TSX-V: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX”) announces that it will resume drilling next week at its Gold Drop property in the Greenwood Mining Camp.

After taking a much-deserved field break, the drill and geological crews are returning to the Company’s operations base in Greenwood, B.C. to resume drilling activity on the Gold Drop property. Drilling will resume next week initially at the C.O.D. North vein, where sample results obtained late last year ranged up to 21.7 grams per tonne gold over 0.4 metres (see news release dated Nov 20, 2018).

Drilling will then be directed to the area of a new-technology geophysical target identified by Stargate II, an enhanced, deep-penetrating ultra-sonic AMT (Audio-Magnetotellurics) geophysical survey conducted by Earth Science Services Corporation of Oshawa, Ontario (see news release dated July 3, 2019). The new geophysical anomaly on the Gold Drop property is centered at the intersection of three interpreted major fault-conduit structural lineaments, two of which are coincident with known structures: C.O.D. vein system and a cross-fault. Geometrically, the anomaly measures 1834 by 1377 metres (see figure below) and is interpreted as a pipe-like structure that tops out at about 360 metres, requiring drilling to a depth of at least 400 and up to 764 metres. This will be the deepest ever to be drilled on the Gold Drop property.

Stargate II Anomaly Map:

Drilling is expected to continue through this month on these and other targets. Assay results from the first round of this season’s drilling on the C.O.D. vein are also expected to be received this month.

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]

Forward L