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
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
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 telluriumâ€, 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.
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).
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
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
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 telluriumâ€, 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.
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).
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
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
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 telluriumâ€, 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.
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).
Posted by AGORACOM
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.â€
“The slowing economic environment and restrictions on the movement
of cash during the elections were a drag on demand in April and May,â€
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.â€
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.â€
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.
Posted by AGORACOM
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
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
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
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
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.â€
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.â€
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.â€
For full disclosures pertaining to this post click here.
Posted by AGORACOM
at 11:36 AM on Thursday, July 18th, 2019
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
Posted by AGORACOM
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
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.
Posted by AGORACOM
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
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
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.
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 telluriumâ€, 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.
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).
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.
