Agoracom Blog Home

Posts Tagged ‘#Keymet’

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.

CLIENT FEATURE: $GR.ca Great Atlantic’s Keymet Project a Mine Waiting to Happen $OM.ca $GGX.ca $GWM.ca $CNX.ca

Posted by AGORACOM-Eric at 11:36 AM on Thursday, July 18th, 2019
https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564603/hub/GREATATLANTIC_LOGO_TESTER-e1480712241913.jpg
Keymet: A high priority precious metal – base metal property, located in northeast New Brunswick near Bathurst. The property covers an area of approximately 3400 hectares. Polymetallic veins (copper, lead, zinc, and silver) were mined during the 1950s in the northern region at the historic Keymet Mine.

Drilling Highlights:

  • Ky-18-14: 7.89% zinc equivalent over 34.3 meters (From 46.20 m to 80.50 m)
  • Ky-18-10: 10.91% zinc equivalent over 3.27 meters (From 85.03m to 88.30 m)
  • Elmtree 12 vein: System traced to approximately 145 meters depth, open at depth
  • Elmtree 12 vein: Strike length of approximately 110 meters and open along strike

Great Atlantic Hub on Agoracom

FULL DISCLOSURE: Great Atlantic is an advertising client of AGORA Internet Relations Corp

CLIENT FEATURE: $GR.ca Great Atlantic’s Keymet Base Metal Property Proving Success Comes through Drilling $III.ca $GGX.ca $AOT.ca $MTB.ca

Posted by AGORACOM-Eric at 10:47 AM on Thursday, May 2nd, 2019
https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564603/hub/GREATATLANTIC_LOGO_TESTER-e1480712241913.jpg
  • Drilling occurred in northwest region of the property, 1.5 km NW of the historic Keymet Mine.
  • Ky-18-14: 7.89% zinc equivalent over 34.3 meters (From 46.20 m to 80.50 m)
  • Elmtree 12 vein: System traced to approximately 145 meters depth, open at depth
  • Elmtree 12 vein: Strike length of approximately 110 meters and open along strike
  • The Company’s focus since acquiring the Keymet Property is the area of reported polymetallic veins with most work in the area of the Elmtree 12 copper-lead-zinc-silver bearing vein system.
  • At least seven vein occurrences with lead, zinc and +/- copper, silver and gold are reported in this region of the property in addition to the polymetallic veins reported at the historic Keymet Mine
https://www.accesswire.com/users/newswire/images/532984/01182019GR3.png
https://www.accesswire.com/users/newswire/images/532984/01182019GR5.png

Great Atlantic Hub on Agoracom

FULL DISCLOSURE: Great Atlantic is an advertising client of AGORA Internet Relations Corp

CLIENT FEATURE: $GR.ca Great Atlantic’s Keymet Base Metal Property Proving Success Comes through Drilling $SIC.ca $MOZ.ca

Posted by AGORACOM-Eric at 8:15 AM on Monday, April 1st, 2019
https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564603/hub/GREATATLANTIC_LOGO_TESTER-e1480712241913.jpg
  • Drilling occurred in northwest region of the property, 1.5 km NW of the historic Keymet Mine.
  • Ky-18-14: 7.89% zinc equivalent over 34.3 meters (From 46.20 m to 80.50 m)
  • Elmtree 12 vein: System traced to approximately 145 meters depth, open at depth
  • Elmtree 12 vein: Strike length of approximately 110 meters and open along strike
  • The Company’s focus since acquiring the Keymet Property is the area of reported polymetallic veins with most work in the area of the Elmtree 12 copper-lead-zinc-silver bearing vein system.
  • At least seven vein occurrences with lead, zinc and +/- copper, silver and gold are reported in this region of the property in addition to the polymetallic veins reported at the historic Keymet Mine
https://www.accesswire.com/users/newswire/images/532984/01182019GR3.png
https://www.accesswire.com/users/newswire/images/532984/01182019GR5.png

FULL DISCLOSURE: Great Atlantic is an advertising client of AGORA Internet Relations Corp

CLIENT FEATURE: Great Atlantic’s Keymet Base Metal Property Proving Success Comes through Drilling $MOZ.ca $SIC.ca

Posted by AGORACOM-Eric at 10:20 AM on Thursday, February 28th, 2019
https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564603/hub/GREATATLANTIC_LOGO_TESTER-e1480712241913.jpg
https://tpc.googlesyndication.com/simgad/5752379710820707897
  • Drilling occurred in northwest region of the property, 1.5 km NW of the historic Keymet Mine.
  • Ky-18-14: 7.89% zinc equivalent over 34.3 meters (From 46.20 m to 80.50 m)
  • Elmtree 12 vein: System traced to approximately 145 meters depth, open at depth
  • Elmtree 12 vein: Strike length of approximately 110 meters and open along strike
  • The Company’s focus since acquiring the Keymet Property is the area of reported polymetallic veins with most work in the area of the Elmtree 12 copper-lead-zinc-silver bearing vein system.
  • At least seven vein occurrences with lead, zinc and +/- copper, silver and gold are reported in this region of the property in addition to the polymetallic veins reported at the historic Keymet Mine
https://www.accesswire.com/users/newswire/images/532984/01182019GR3.png

FULL DISCLOSURE: Great Atlantic is an advertising client of AGORA Internet Relations Corp

CLIENT FEATURE: Great Atlantic’s Keymet Base Metal Property Proving Success Comes through Drilling $MOZ.ca $SIC.ca

Posted by AGORACOM-Eric at 10:59 AM on Tuesday, February 19th, 2019
https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564603/hub/GREATATLANTIC_LOGO_TESTER-e1480712241913.jpg
https://tpc.googlesyndication.com/simgad/5752379710820707897
  • Drilling occurred in northwest region of the property, 1.5 km NW of the historic Keymet Mine.
  • Ky-18-14: 7.89% zinc equivalent over 34.3 meters (From 46.20 m to 80.50 m)
  • Elmtree 12 vein: System traced to approximately 145 meters depth, open at depth
  • Elmtree 12 vein: Strike length of approximately 110 meters and open along strike
  • The Company’s focus since acquiring the Keymet Property is the area of reported polymetallic veins with most work in the area of the Elmtree 12 copper-lead-zinc-silver bearing vein system.
  • At least seven vein occurrences with lead, zinc and +/- copper, silver and gold are reported in this region of the property in addition to the polymetallic veins reported at the historic Keymet Mine
https://www.accesswire.com/users/newswire/images/532984/01182019GR3.png

FULL DISCLOSURE: Great Atlantic is an advertising client of AGORA Internet Relations Corp

CLIENT FEATURE: Great Atlantic’s Keymet Base Metal Property Proving Success Comes through Drilling $MOZ.ca $SIC.ca

Posted by AGORACOM-Eric at 12:43 PM on Thursday, January 24th, 2019
https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564603/hub/GREATATLANTIC_LOGO_TESTER-e1480712241913.jpg
https://tpc.googlesyndication.com/simgad/5752379710820707897
  • Drilling occurred in northwest region of the property, 1.5 km NW of the historic Keymet Mine.
  • Ky-18-14: 7.89% zinc equivalent over 34.3 meters (From 46.20 m to 80.50 m)
  • Elmtree 12 vein: System traced to approximately 145 meters depth, open at depth
  • Elmtree 12 vein: Strike length of approximately 110 meters and open along strike
  • The Company’s focus since acquiring the Keymet Property is the area of reported polymetallic veins with most work in the area of the Elmtree 12 copper-lead-zinc-silver bearing vein system.
  • At least seven vein occurrences with lead, zinc and +/- copper, silver and gold are reported in this region of the property in addition to the polymetallic veins reported at the historic Keymet Mine
https://www.accesswire.com/users/newswire/images/532984/01182019GR3.png
https://www.accesswire.com/users/newswire/images/532984/01182019GR5.png

FULL DISCLOSURE: Great Atlantic is an advertising client of AGORA Internet Relations Corp