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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

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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 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.

Great Atlantic Resources $GR.ca – Central Banks See Ravenous Demand For Gold In Q2 To Protect Against Looming Risks $OM.ca $GGX.ca $GWM.ca $CNX.ca $SIC.ca $MOZ.ca $AGB.ca

Posted by AGORACOM-Eric at 9:40 AM on Thursday, August 1st, 2019

SPONSOR: Great Atlantic Resources Corp (TSX-V: GR) Great Atlantic Resources. A Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold. Click Here for More Info

  • Central banks’ insatiable appetite for gold dominated the marketplace between April and June, according to the latest data from the World Gold Council
  • Global gold demand totaled 1,123 tonnes in the second quarter, up 8% from the second quarter of 2018.
  • For the first half of the year, physical gold demand rose of 2,181.7 tonnes, its highest level in three years.

(Kitco News) – Central banks’ insatiable appetite for gold dominated the marketplace between April and June, according to the latest data from the World Gold Council (WGC).

In its second-quarter Gold Demand Trends report, the council said that central banks bought a total of 224 tonnes of gold between April and June. Official gold reserves increased by 374.1 tonnes in the first half of the year — “the largest net H1 increase in global gold reserves in our 19-year quarterly data series,” the analysts said in the report.

“Buying was again spread across a diverse range of – largely emerging market – countries,” the WGC said.

The WGC said that nine central banks bought gold in the first half of the year.

“Central banks, like other investors, sought safety in gold as they looked to protect themselves in the face of many looming risks,” the analysts said.

The report said that global gold demand totaled 1,123 tonnes in the second quarter, up 8% from the second quarter of 2018. For the first half of the year, physical gold demand rose of 2,181.7 tonnes, its highest level in three years.

The report highlighted renewed strength in key sectors of the gold market. In particular, gold jewelry demand in India increased by 12% to 168.8 tonnes, compared to the second quarter of 2018. This was the best year-over-year quarterly increase since the second quarter of 2017.

“Indian demand was boosted early in the quarter by the wedding season and festival buying, before slowing sharply as the gold price rallied in June,” the report said.

The WGC noted that India’s gold demand faces strong headwinds as purchases have come to a “virtual standstill.”

“The slowing economic environment and restrictions on the movement of cash during the elections were a drag on demand in April and May,” the report said.

The India gold market was also hit with higher tariffs in early July with import duties rising to 12.5% from 10%.

“Although we do not expect this to have a long-term impact on gold demand in India, we do see it having a dampening impact on Q3, particularly as gold prices have remained elevated,” the WGC said.

While India saw strong growth in the second quarter, the world’s largest gold consuming nation saw its third consecutive quarterly drop. The WGC said that Chinese jewelry demand dropped by 4% in Q2 to 137.8 tonnes.

“Demand ground to a halt once the June price rally began and retailer’s promotional efforts could not tempt consumers back. Reportedly, showrooms were deserted as the quarter came to a close,” the analysts said.

ETF Investment Demand Remains Robust

The second quarter started on a sour note for gold investors but ended with a bang, according to the report. Renewed interest in gold-backed exchange-traded products led the investment surge, increasing by 67.2 tonnes in the second quarter an increase of 99% from the second quarter of 2018.

The gains were predominantly seen in June as the month saw inflows of 126.7 tonnes, reversing April’s outflows of 57.2 tonnes. The WGC said that total hold holding reached a six-year high of 2,548 tonnes in the first half of the year.

“Geopolitical uncertainty, dovish monetary policy commentary by central banks, and a rising gold price were among the key factors that drove investors to increase their holdings,” the analysts said.

The WGC highlighted the growing trend of European and U.K. investors leading the way in the gold market. It noted that U.K.-listed funds accounted for 75% of all global inflows during the second quarter.

“Investors sought the safe haven of gold amid the uncertainty surrounding Brexit and the leadership battle that followed Theresa May’s resignation as Prime Minister,” the analysts said. “The sharp drop in the value of the pound also fueled inflows during the quarter as the U.K.’s growth prospects were cut following repeated failures in Brexit negotiations.”

The WGC added that historic negative bond yields in German bonds also added to gold’s investment appeal.

Lackluster Coin and Bar Demand

Although investors have been jumping into gold-backed ETFs, interest in physical gold was fairly muted. The WGC said that gold coin and bar demand dropped 12% in Q2 to 476.9 tonnes, the lowest level since 2009. They noted that June’s sharp price rally has weighed on physical demand.

“This market has been struggling for some time, with many traditional gold investors focused on America’s healthy economic growth, low unemployment, and continued wage growth,” the WGC said. “The gold price rally in June triggered selling by some investors, and coin premiums in the secondary market fell to their lowest level since before the global financial crisis, spurring gold exports from the US to Germany.”

Tech Sector Sees Lower Gold Demand

Although not a significant factor for the physical gold market, analysts said that the tech sector saw gold demand drop by 3% in the second quarter to 81.1 tonnes.

“This was the third consecutive quarter of falling demand, due to a range of challenges in the electronics sector, including the ongoing trade dispute between China and the US. However, there are signs of recovery and we expect declines to continue to slow throughout H2 2019,” the WGC said.

Gold Supply Rises Due To Record Production

The council noted that robust gold demand is being met with strong production; the analysts said that gold supply increased by 6% in the second quarter to 1,186.7 tonnes. The supply was led by record gold production between April and June.

The WGC added that gold production increased by 2% to 882.6 tonnes in the second quarter. “This is a record level of global output for a second quarter and follows on from a Q1 record of 847.5t.

Global gold production was let by Canada, Russia and the U.S. that saw their domestic production increase by 9% in the third quarter. Australia, which has reported record gold production in 2018 saw an increase of 6% in the second quarter.

The WGC also noted an increase in recycled gold as consumers sold into higher prices late in the quarter.

SOURCE: By Neils Christensen

Great Atlantic Resources $GR.ca – Gold Heats Up And Silver Joins The Race $OM.ca $GGX.ca $GWM.ca $CNX.ca $SIC.ca $MOZ.ca $AGB.ca

Posted by AGORACOM-Eric at 11:06 AM on Tuesday, July 23rd, 2019

SPONSOR: Great Atlantic Resources. A Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold. Click Here for More Info

https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564603/hub/GREATATLANTIC_LOGO_TESTER-e1480712241913.jpg
GR: TSX-V
  • Next level for gold is $1500
  • Ray Dalio, Billionaire hedge fund manager pro gold
  • Potential interest rate cuts gold positive

Now that gold has broken through the $1,450 an ounce level, a six-high year high, the next big test is $1,500. And as I’ve said before, it can do this in the blink of an eye under the right conditions.

We may end up seeing those conditions emerge sooner rather than later.

Last Thursday, Federal Reserve Bank of New York President John Williams seemed to indicate that a rate cut could be expected later this month, saying that central bankers need to “act quickly” as economic growth cools. Although he later clarified his comment, claiming he was simply citing research and not forecasting central bank action, the price of gold jumped as much as 2 percent on the news before closing above $1,440 for the first time since May 2013.

Investors took some profits last Friday, knocking the price down around 1 percent after gold started to look overbought a day earlier. The metal was up two standard deviations over the past 60 trading days, its highest level since April 2016. I would consider each pullback such as this a buying opportunity, though, because I believe the best is yet to come for the metal.

Gold Price Up Two Standard Deviations

Gold Price Up Two Standard Deviations U.S. Global Investors

Ray Dalio seems to agree. In a lengthy post on LinkedIn—Dalio’s favorite platform for getting the word out—the billionaire hedge fund manager writes that he thinks we’re on the verge of a new economic paradigm shift and that central banks’ accommodative policies, from low rates to quantitative easing (QE), are unsustainable. To hedge against this, Dalio says, “I believe that it would be both risk-reducing and return-enhancing to consider adding gold to one’s portfolio.” Most investors are underweighted in gold, “meaning that if they just wanted to have a better balanced portfolio to reduce risk, they would have more of this sort of asset,” he writes.

A Monster Rally for Juniors

Select junior and micro-cap gold and precious metal miners also posted very strong growth over the past week, mostly on positive drilling results. In a press release dated July 15, Brixton Metals announced encouraging results at its wholly owned Thorn Gold-Copper-Silver Project in British Columbia. Gary Thompson, chairman and CEO of the Vancouver-based explorer and developer, said that Brixton “continues to unlock a mountain of value” at the property, which exhibits even greater mineralization than was previously thought.

Junior Miners Had a Strong Week

Junior Miners Had a Strong Week U.S. Global Investors

As for silver, I’m pleased to see that it’s finally playing “catch up” to gold, its price having hit a 52-week high after an incredible six straight days of gains.

Silver Is Trying to Narrow Its Gap With Gold

Silver Is Trying to Narrow Its Gap With Gold U.S. Global Investors

The Bullish Calls on Gold Continue

With gold having already broken out of its five-year trading range, is the best still yet to come?

I believe it is. And I’m not alone. Read what some analysts and strategists have to say:

Alpine Macro

“The Fed is getting ready to cut interest rates, which should set in motion a multi-year bear market in the dollar,” write analysts at Alpine Macro in a research note dated June 28. A weaker U.S. dollar is one of three “key ingredients” for a bull market, according to Alpine Macro, the other two being a more accommodative Fed and rising geopolitical risks.

“The technical break above $1,400 an ounce is a positive sign,” the firm adds. “New all-time highs for gold should be seen in the coming years.”

World Gold Council (WGC)

“The prospect of lower interest rates should support gold investment demand,” the World Gold Council (WGC) says in its mid-year outlook. “Our research indicates that the gold price was higher in the 12 months following the end of a tightening cycle. Moreover, historical gold returns are more than twice their long-term average during periods of negative real rates—like the one we are likely to see later this year.”

Canadian Imperial Bank of Commerce (CIBC)

“We continue to see no signs of rate hikes on the horizon over the next several years, and historically have seen gold continue on an upward trajectory beyond the last rate cut,” writes CIBC in a note dated July 14.

The bank points out that in two previous gold bull market cycles—in the 1970s and 2000s—negative real rates were the main contributing factor.

“During the last two major periods when real rates stayed below the 2 percent level and actually ticked into negative territory, the gold price moved over 320 percent in the 1970s… and approximately 400 percent from 2004 to peak in 2011.”

For full disclosures pertaining to this post click here.

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

Great Atlantic Resources $GR.ca Gold Weaker, Bigger Price Move Pending $SIC.ca $MOZ.ca $AGB.ca

Posted by AGORACOM-Eric at 9:21 AM on Wednesday, July 17th, 2019

SPONSOR: Great Atlantic Resources. A Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold. Click Here for More Info

https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564603/hub/GREATATLANTIC_LOGO_TESTER-e1480712241913.jpg
GR: TSX-V
  • A bigger price move is right on the horizon, probably this week
  • Odds favor that bigger price move being to the upside.

Gold prices are modestly down in early U.S. trading Tuesday. The daily chart for gold shows a “collapse in volatility,” whereby the past three sessions have seen significantly quieter price action. This suggests that a bigger price move is right on the horizon, probably yet this week. Given that the daily gold chart remains bullish, odds favor that bigger price move being to the upside. August gold futures were last down $2.90 an ounce at 1,410.20. September Comex silver prices were last up $0.045 at $15.41 an ounce.

The just-released U.S. retail sales report for June showed a stronger-than-expected rise of 0.4%, which pushed the U.S. dollar index to solid gains on the day and in turn put some downside pressure on the gold market. Asian and European stocks were mixed overnight. U.S. stock indexes are pointed toward narrowly mixed openings when the New York day session beings, and are at or near their record and contract highs. So far this week there have been no major news developments in the world to significantly move markets. Thus, typical lackluster mid-summertime trading has set in. However, a very busy day of U.S. economic data may shake loose the present summertime doldrums.

In overnight news, there was a downbeat economic report coming out of Germany, as the ZEW economic expectations index and current conditions index worsened in July. Germany is the economic workhorse for the European Union.

The other key “outside market” today sees Nymex crude oil prices firmer and trading just below $60.00 a barrel.

U.S. economic data due for release Tuesday includes the weekly Johnson Redbook and Goldman Sachs retail sales reports, retail sales, import and export prices, industrial production and capacity utilization, the NAHB housing market index, manufacturing and trade inventories, and Treasury international capital data. Several Federal Reserve officials are also slated for speeches today.

SOURCE: https://www.kitco.com/news/2019-07-16/Gold-Firmer-Bigger-Price-Move-Pending.html

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

GGX Gold to Test New Technology on Newly Discovered Geophysical Anomaly $GGX.ca $NNZ.ca $GTT.ca $AOT.ca $MTB.ca

Posted by AGORACOM-Eric at 7:35 AM on Thursday, July 4th, 2019
  • Drilling a high priority geophysical target at its Gold Drop property in the Greenwood Mining Camp.
  • Stargate II (SG II) Drill Target Modeling System incorporates Acoustic EM analysis, technology that was developed by Earth Science Services Corporation
  • SG II employs an enhanced, deep-penetrating ultra-sonic AMT (Audio-Magnetotellurics) geophysical survey.
  • View the Video at GGXGOLD

VANCOUVER, BC / ACCESSWIRE / July 4, 2019 / GGX Gold Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX”) announces that it is planning to drill a high priority geophysical target at its Gold Drop property in the Greenwood Mining Camp.

The proprietary Stargate II (SG II) Drill Target Modeling System incorporates Acoustic EM analysis, technology that was developed by Earth Science Services Corporation of Oshawa, Ontario (ESSCO). SG II employs an enhanced, deep-penetrating ultra-sonic AMT (Audio-Magnetotellurics) geophysical survey.

(for more information see the ESSCO Website at: http://www.earthscienceservices.ca/index.php)

The system is in developmental / pre-commercial stage and as such the effectiveness of this technique is not fully known to GGX.

Stargate II surveys were performed by ESSCO over the Republic Graben trend in Washington and B.C. in 2014/2015 at 1 km and 500 metre line spacings. A resultant geophysical anomaly on the Gold Drop property in the Greenwood Mining Camp was supplied by Glenn Galata of ESSCO. The anomaly measures 1834 by 1377 metres, is centered at the intersection of three interpreted major fault conduit structural traces and is located along strike and to the north of the C.O.D. vein trend. Testing the target will require drilling to a depth of at least 400 and up to 764 metres – the deepest ever to be drilled on the Gold Drop property.

Stargate II Anomaly Map:

The anomaly is located at the intersection of corridors identified as “conduit-fault-structural traces”. Two of these are coincident with the trend of the C.O.D. vein system and a probable NW-trending cross-fault. The correlation of anomaly corridors with known geological features provides some confidence in the result.

GGX is excited to have the opportunity to engage this new technology with a drill test planned in the coming weeks. If successful, the test at the Gold Drop property could result in the discovery of a new gold deposit or even a new gold deposit type. It could also lead to further investigations utilizing the new geophysical technique in other areas of the Greenwood Mining Camp. View the Video at GGXGOLD

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.

Mr. Glenn Galata, of Earth Science Services Corporation of Oshawa Ontario, reviewed the information in this release pertaining to the Stargate II geophysical system and ESSCO.

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]

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

Posted by AGORACOM-Eric at 1:37 PM on Friday, June 21st, 2019
  • US $ Gold price touched a 5-year peak at $1400 as the US Fed signalled a rate cut, pressuring U.S. Treasury yields and the dollar.
  • This is the highest gold has been since March 17, 2014 at $1,386.38
  • Continued Central Bank accumulation of physical gold represents fundamental floor for market as a weakening US dollar accelerates Central Bank demand. Purchases rose 130% in the 4th quarter, and 2018 purchases came in at 650 tons
  • Trade wars ( China ) and Geopolitical conflicts ( Iran )
  • Dearth of exploration discovery leads to future supply deficits
  • 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
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(TSX-V: AMK)

Joint Venture with Tudor Gold and a 20% FULLY CARRIED INTEREST until a production notice is given. The last hole drilled intersected 563.8m of 0.98 g/t gold and remains open. The 2019 program is designed to drill well over one billion tonnes of rock and produce a multi-million-oz gold deposit incorporating an open pit design and with higher gold grades and remarkably better logistics than Seabridge’s adjoining KSM. Click here for the Treaty Creek JV Highlights

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(TSX-V: AAX)

Advance Gold is focused on its 100% interest in the Tabasquena Silver Mine in Zacatecas, Mexico. Drilling in the first 3 phases identified a cluster of 30 mineralized epithermal veins over an area from east to west of approximately 300 metres, and north to south 400 metres, and 300 metres of depth. Advance plans to focus deeper to find the boiling zone of the system and potentially economic mineralization. AAX recently created a 3D model of the vein Tabasquena system.          

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(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.

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(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 focussed 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).

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(TSX-V: LAB)

Lead by Shawn Ryan and Roger Moss, LAB has 2 district scale Greenfield Gold projects in Labrador that have never seen any modern exploration techniques. Ashuanipi and Hopedale are being systematically explored for gold potential following 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 are the focus of 2019 exploration.

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