Posted by AGORACOM-JC
at 2:35 PM on Tuesday, December 10th, 2019
SPONSOR: New Age Metals Inc.
The company owns one of North America’s largest primary platinum
group metals deposit in Sudbury, Canada. Updated NI 43-101 Mineral
Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an
additional 1,059,000 PdEq Ounces in the Inferred. Learn More.
Palladium roars to record $1,900/oz. on South Africa power cuts
“South Africa produces 40% of world’s palladium and the ESKOM outages are hitting some mines, giving palladium just that extra nudge above $1,900,” says Tai Wong, head of base and precious metals derivatives trading at BMO
Spot palladium recently was +1% at $1,901.27/oz., after hitting an all-time high $1,903/oz.
“South Africa produces 40% of world’s palladium and the ESKOM outages
are hitting some mines, giving palladium just that extra nudge above
$1,900,” says Tai Wong, head of base and precious metals derivatives
trading at BMO, but after 13 straight positive sessions, “it wouldn’t be
surprising to see some consolidation, though the overall trend
continues to look positive.”
Scarcity concerns over palladium already have helped lift the metal by ~50% in 2019, due to its large demand in the auto sector.
Other metals also gained on the South African outages, with platinum +3.1% at $922.40/oz., the highest since Nov. 21, and silver +0.4% to $16.66/oz.; spot gold only +0.1% at $1,463.66/oz.
Posted by AGORACOM-JC
at 10:30 AM on Tuesday, December 10th, 2019
Tartisan Nickel Corp. has begun
An Investor Awareness Initiative with particular focus on Tartisan’s
flagship asset – The Kenbridge Nickel Deposit in Kenora, Ontario.
Kenbridge property has a measured and indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33% copper
Advanced stage deposit remains open
in three directions, is equipped with a 623m deep shaft and has
never been mined.
Preliminary Economic Assessment completed and updated returned robust project economics and operating costs including a NPV of C$253M and cash costs of US$3.47/lb of nickel net of copper credits.
Plans for Kenbridge include updating PEA, advancing the project through to feasibility and exploring the open mineralization at depth
FULL DISCLOSURE: Tartisan Nickel Corp. is an advertising client of AGORA Internet Relations Corp.
Posted by AGORACOM
at 6:41 PM on Monday, December 9th, 2019
Sponsor: Affinity Metals (TSX-V: AFF) a Canadian mineral exploration company building a strong portfolio of mineral projects in North America. The Corporation’s flagship property is the Drill ready Regal Property near Revelstoke, BC. Recent sampling encountered bonanza grade silver, zinc, and lead with many samples reaching assay over-limits. Further assaying of over-limits has been initiated, results will be reported once received. Click Here for More Info
Posted by AGORACOM
at 3:32 PM on Monday, December 9th, 2019
Sponsor: Loncor is a Canadian gold exploration company focused on two projects in the DRC – the Ngayu and North Kivu projects. Both projects have historic gold production. Exploration at the Ngayu project is currently being undertaken by Loncor’s joint venture partner Barrick Gold. The Ngayu project is 200km southwest of the Kibali gold mine, operated by Barrick, which produced 800,000 ounces of gold in 2018. Barrick manages and funds exploration at the Ngayu project until the completion of a pre-feasibility study on any gold discovery meeting the investment criteria of Barrick. Click Here for More Info
Millennials’ willingness to accept ever-increasing central-planning means gold is the go-to asset to preserve wealth over long-term horizons
Goldman keeps its 3,6 and 12m forecasts at $1,600toz.
“Drop Gold” – the ever-present tagline of Grayscale’s Bitcoin Trust TV commercial – appears to be working its magic on a certain cohort of society.
https://youtu.be/x6B6cj1CIMk
2019 has seen assets under management in GBTC soar…
Source: Bloomberg
And for Millennials, according to the latest data from Charles Schwab, the
Grayscale Bitcoin Trusts is the 5th largest holding in retirement
accounts (including 401(k)s) with almost 2% of their assets tied to the success (or failure) of the largest cryptocurrency.
For now this remains a relatively small number…
But, given the increasing acceptance of socialist policies, and the
historically-ignorant promise of MMT (and don’t forget UBI), Goldman
Sachs suggests that Millennials’ willingness to accept ever-increasing
central-planning means gold is the go-to asset to preserve wealth over
long-term horizons.
And, at least in the short-term, gold has held its value (relative to
Bitcoin) as the world’s volume of negative-yielding assets has shrunk
on the latest round of optimism that ‘this time is different’…
Source: Bloomberg
Indeed, Goldman notes that gold looks attractive particularly relative to DM bonds. Both
bonds and gold are defensive assets which go up in value when fear
spikes. Exhibit 5 shows that investment and central bank demand for gold
has been highly correlated with US 10 year real rates.
During the next recession gold may offer better
diversification value to bonds because the latter may be capped by the
lower bound in rates limiting their ability to appreciate materially.
This is particularly relevant for Europe where rates are already close
to the lower bound. This means that during the next recession when fear
spikes, gold may decouple from rates and outperform them.
Specifically, Goldman says that Gold is a particularly good diversifier for investors with long term investment horizon.
If we look at week on week changes in gold they tend to be dominated
by the dollar. As a result the gold S&P500 weekly changes
correlation looks almost identical to correlation of S&P 500 and the
dollar (see Exhibit 7).
However, if we look at 5 year returns gold and S&P 500 display
strong inverse relationship with gold performing great during the
1970ies and 2000s when the S&P 500 underperformed (see Exhibit 8).
This makes sense given that gold is ultimately a hedge
against systematic macro risks, which can lead to long periods of equity
underperformance. Our strategy team also finds that gold
historically has been a good hedge against periods of large drawdowns of
the 60/40 portfolio. This was particularly true when a drawdown is
caused by accelerating inflation as it was in the 1970ies. Therefore,
if one is concerned that the low macro volatility of 2010s will be
followed by higher volatility in the 2020s, which would hurt equities,
gold would be a good addition to the portfolio.
Geopolitical uncertainty is already translating into greater gold demand.
CBs globally have been buying gold at a very strong pace, albeit more
recently the rate of CB purchases has cooled off as China and Russia
have moderated their buying. Nevertheless, 2019 still looks to be a
record year for CB gold purchases with our target of 750 tonnes combined
purchases likely to be met (see Exhibit 15).
Rising political risk – together with negative European rates
– may be an important reason behind the large share of unaccounted gold
investment over the past several years.
Exhibit 17 shows cumulative unexplained gold demand based on World Gold Council (post 2010) and GFMS (pre 2010) balances data. It surged since 2016. Similar dynamics can be seen when we look at implied vaulted gold stocks built in the UK and Switzerland, which is calculated as implied cumulative total net imports minus transparent ETF gold stocks. In fact, since the end of 2016 the implied build in non-transparent gold investment has been much larger than the build in visible gold ETFs. This is consistent with reports that vault demand globally is surging.
Political risks, in our view, help explain this because if an
individual is trying to minimize the risks of sanctions or wealth taxes,
then buying physical gold bars and storing them in a vault, where it is
more difficult for governments to reach them, makes sense. Finally,
this build can also reflect hedges by global high net worth individuals
against tail economic and political risk scenarios in which
they do not want to have any financial entity intermediating their gold
positions due to the counterparty credit risk involved.
Finally, Modern Monetary Theory (MMT) – which advocates for
central bank financed fiscal deficits – has been gaining more airtime
recently, with former Fed Chair Ben Bernanke and former Fed
Vice Chair Stanley Fischer offering similar proposals. The logic is that
persistent low inflation and lack of borrowing capacity in many
developed markets means that direct CB financing of government deficit
is warranted. This is especially true for countries where monetary
policy is close to the limits of its capacity. Whilst there are arguments to be made in favor of MMT there are also risks associated with it. Notably some economists stress that if not used responsibly it could lead to a material acceleration in inflation.
In the next recession, our US economists do not expect governments to
adopt direct monetary financing and expect inflation to remain firmly
anchored. But this doesn’t necessarily prevent an increase in
debasement concerns if conversations around MMT become more widespread —
a potential boost to demand for gold as a debasement hedge.
False debasement concerns have led to gold rallies in the past. Post
2008 aggressive QE in the US led to a considerable push into inflation
protected assets including gold (see Exhibit 19). These inflationary
concerns did not materialise and the allocation to gold and inflation
protected bonds fell sharply in 2013. Another period, currently is less
talked about, is the Great Depression when the Fed pumped a lot of money
into the economy leading to debasement concerns (see Exhibit 20). What
followed was actually disinflation and the gold price eventually
moderated.
Overall, while Goldman acknowledges the risks related to
still high gold positions we believe the strategic case is still strong,
particularly for investors with long term horizons.
This is based on a deteriorated attractiveness of long term DM bonds
as portfolio diversifiers and real return generation instruments,
exposure to growing EM wealth, limited mine supply growth, elevated
political risks and a potential increase in debasement concerns sparked
by rising airtime of Modern Monetary Theory.
As such Goldman keeps its 3,6 and 12m forecasts at $1,600toz.
So – will Millennials keep saying “bye gold” or come over the ‘dark side’ and “buy gold”?
Posted by AGORACOM-JC
at 2:39 PM on Monday, December 9th, 2019
SPONSOR: New Age Metals Inc.
The company owns one of North America’s largest primary platinum
group metals deposit in Sudbury, Canada. Updated NI 43-101 Mineral
Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an
additional 1,059,000 PdEq Ounces in the Inferred. Learn More.
Palladium eyes $1,900 in record surge, gold firms on trade doubts
Palladium soared to a record just shy of the $1,900 mark on Monday
Gold edged higher as uncertainty over U.S.-China trade talks took center stage ahead of a Dec. 15 deadline for fresh U.S. tariffs.
Autocatalyst metal palladium climbed to an all-time high of $1,898.50 an ounce and was last up 0.19% at $1,881.43.
“Palladium has a very strong fundamental backdrop with supply set to
stay quite scarce and demand growth set to increase,†said Daniel Ghali,
commodity strategist at TD Securities.
Palladium has risen nearly 50% in 2019 on a sustained supply squeeze,
and has constantly been breaking records, despite a weakening global
auto sector. Increasingly stringent emissions regulations globally are
raising the palladium in autocatalysts for gasoline-powered cars and
2020 could see the most number of regulations, Ghali added.
“There is a widespread expectation that (palladium) spot prices are
headed towards $2,000 and the market does currently appear to be in a
one-way street,†INTL FCStone analyst Rhona O’Connell said in a note.
“Even with the (auto) sector under pressure, palladium will be in
deficit for the foreseeable future and the funds are chasing it higher.â€
“The tariff deadline of Dec. 15 is certainly top of everyone’s mind
… The situation is still uncertain, helping gold stay firm,†TD
Securities’ Ghali said. China said on Monday it hoped to make a trade
deal with the United States as soon as possible, as Washington’s next
round of tariffs against Chinese goods is scheduled to take effect on
Dec. 15. Also supporting bullion, equity markets were further pressured
after China’s exports shrank in November.
Markets now await the U.S. Federal Reserve’s two-day meeting starting
on Tuesday for cues on its monetary policy. The central bank is
expected to highlight the economy’s resilience and keep interest rates
on hold in the range of 1.50% to 1.75%.
U.S. investment bank Goldman Sachs said investment demand for gold
would be supported by recession fears and political uncertainty,
forecasting prices at $1,600 an ounce over a three- and 12-month period.
Platinum and silver were up 0.2% at $897.36 and $16.60 an ounce, respectively.
Posted by AGORACOM-JC
at 10:09 AM on Monday, December 9th, 2019
Zomato CEO Deepinder Goyal, CEO of BetterU Brad Loiselle &
Beautiful Destinations CEO Jeremy Jauncey spoke at the 17th edition of
Hindustan Times Leadership Summit. They spoke on changing the way of
doing business in India and also highlighted the challenges they face in
the country. They also spoke on the role of social media in
establishing and running a business in India and narrated the
differences between operating a business in India and abroad. Watch the
full video for more.
KEY 2020 PUREVAP™ DEVELOPMENTS THAT WILL DRIVE HPQ FORWARD
1. Gen 3 PUREVAP™ QRR Pilot Plant operational Q1 2020
PyroGenesis Canada Inc.(TSX-V: PYR) (“PyroGenesisâ€) informed HPQ that the Pilot Plant commissioning and testing program will start in full force Q1 2020.
“As previously discussed, a good part of the past year saw us
divert assets from paying projects to non-paying projects. This enabled
PyroGenesis to secure the large breakout contract it recently announced
as well as the upcoming Navy project, which was also recently
announced. As a result, our signed backlog increased from $6MM in Q2
2019 to almost $30MM at the end of Q3 2019. The successful closing of
the Navy project will further increase this backlog by an additional
$13MM. This increase in backlog de risks the company significantly, all
to the benefit of our clients, like HPQ, and their shareholders,†said P. Peter Pascali, President and CEO of PyroGenesis Canada Inc.
“We are now in position to re-focus, and accelerate, the PUREVAP
initiative focus on the multitude of opportunities that have come to
light since defining our original mandate. As a result, we are
confident that HPQ is going to make some significant headway over the
coming months, the least of which will be to start the Gen3 PUREVAPTMPlant commissioning and testing program.
“HPQ congratulates our partner P. Peter Pascali and his
PyroGenesis team on their $20 million contract award, which once again
proves their ability to commercialize high tech applications on a global
scale,†said Bernard Tourillon, President & CEO of HPQ Silicon. “With
the PUREVAPTM Pilot Plant becoming operational in Q1 2020, we now have
even greater confidence in our joint ability to deliver the critical
Silicon material required by the surging Li-ion battery market in 2020
and beyond.â€
The PUREVAP™QRR technology is a unique
carbothermic process that will allow HPQ to have a significant impact,
short and long term, on the following Silicon (Si) markets and
industries:
2. Nanoscale Structure Silicon Powders manufacturing for Li-ion batteries
HPQ and PyroGenesis recently announced plans
regarding the creation of a Joint Venture to produce Nanoscale
Structure Silicon (Si) powders for Li-ion batteries. In Q1 2020, the
plan is to have a modified Gen2 PUREVAPTM reactor operational,
in parallel with the Pilot Plant, validating that our approach works and
producing Nanoscale Structure Silicon (Si) powders samples for industry
participants and research institutions.
Nanoscale Structure Silicon Powders improve Li-ion battery
performance but high-performance Silicon (Si) anodes made using powders
selling for US$ 30,000/kg1 are not commercially feasible. Combining HPQ
PUREVAP™Quartz Reduction Reactor (“QRR”) technology
with PyroGenesis Plasma Atomization knowhow to produce Nanoscale
Structure Silicon (Si) powders represents a unique multibillion-dollar
business opportunity that could subsequently lead to their wide scale
adoption in the battery market. If this occurs, HPQ and PyroGenesis
would then be well positioned to assume a dominant market position.
Silicon’s potential to meet energy storage demand is undeniable and generating massive investments, as well as, serious industry interest, so HPQ and PyroGenesis timing could not be better. A recent report
by Wood Mackenzie Power projects that energy storage deployments are
estimated to grow 1,300% from a 12 Gigawatt-hour market in 2018 to a 158
Gigawatt-hour market in 2024. An estimated US$71 billion in
investments will be made into storage systems where batteries will make
up the lion’s share of capital deployment.
3. Porous Silicon wafers for solid state Li-ion Batteries
During Q3 2019, HPQ started discussions with a battery manufacturer regarding using Silicon produced by our Gen3 PUREVAPTM QRR
pilot plant to manufacture porous silicon wafers needed for their
operations. Furthermore, HPQ negotiated with Apollon Solar an amended
agreement that broadens the scope of the 2017 collaboration
to include, going forward, evaluating manufacturing porous Silicon
wafers for solid-state Li-Ion batteries combining their patented process
with Silicon (Si) produced with HPQ PUREVAPTMQRR.
In November 2019,
HPQ and its partner Apollon Solar SAS, acting as one party, signed a
non-disclosure agreement (“NDAâ€) with the battery manufacturer for the
purposes of exchanging technical information and sending testing
materials. We are still at the beginning of the process of exchanging
technical information and yet we are already looking into the
possibility of supplying the battery manufacturer with the first Silicon
wafer for testing by year end or beginning of 2020.
The probabilities that the discussions started under NDA will evolve
during Q1 2020 to a more formal process are very encouraging.
4. High Purity Silicon Oxide (SiOx) Nanopowders for Li-ion Batteries
In addition to its wafer work, HPQ intends to study, during H1 2020,
the possibility of utilizing Apollon Solar patented process to optimize
the porous structure of HPQ PUREVAPTM Silicon between
Microporous (pore size <5nm), Mesoporous (pore size 5nm – 50nm) and
Macroporous (pore size >50nm) in order to evaluate the potential of
producing, low cost, High Purity SiOx Nanopowders.
The infancy of Si anode technology base on Nanoscale Structure
Silicon Powders explains why presently only limited performance
improvement are obtained using High Purity Silicon Oxide (SiOx)
Nanopowders, selling for about US$ 100/kg2, used in a blended form with
graphite in traditional Li-ion batteries. The quantity used is
typically less than 5 wt%
of the material used to make the batteries, yet even at these levels of
utilization, this is estimated to represent an addressable market of US
$ 1B by 20223 expanding at a CAGR of 38.9% between 2019 – 2024.
5. Standard purity Silicon (“Siâ€) (up to 2N Purity)
Up to now, market participants with significant quartz assets have
shown a keen interest in our process. As such, HPQ anticipates silicon
industry participants will show a keen interest in PUREVAPTM once the
Pilot Plant is operational and validates our unique operational
advantages.
The addressable market for Mg Si is in the multi-billion range with
demand projected to increase by a CAGR of 19% over the next 5 years
(US$ 7.5B in 2018 to US$ 12B in 2023)4. The bulk of the growth is
expected to come from the 2N segment of the market, where the PUREVAP™ QRR process should have massive opex and capex advantage over traditional manufacturers.
6. Solar Grade Silicon using a PUREVAPTM UMG metallurgical process
The market for Solar Grade Silicon is massive and evolving at such an
accelerated pace that some of our original product development
hypothesis are not as relevant as before. Having said this, working
with Apollon Solar, we strongly believe that if the PUREVAP™QRR can
produce, as we believe it can, Si material of 4N+ purity with low boron
count (< 1 ppm), we can develop a very competitive UMG Metallurgical
route to produce Solar Grade Silicon.
OTHER CORPORATE NEWS
1. ANNUAL MINIMUM ROYALTIES PAYMENT DUES TO PYROGENESIS
Under the terms of our Agreement with PyroGenesis, HPQ was obliged to
pay minimum royalty payment obligations of $150,000 for 2018 and
$200,000 for 2019. Due to delays in the project beyond HPQ’s control,
PyroGenesis has agreed to wave HPQ minimum royalty payment obligations
for 2018 and 2019. This represents a Q4 2019 reduction in HPQ current
liabilities of $350,000. Minimum royalties’ obligations will resume
with the scheduled 2020 payment to PyroGenesis.
2. WARRANTS EXTENSION
HPQ Board of Directors has authorized the application to the TSX
Venture Exchange (the “Exchangeâ€) for approval of the extension, until
January 31, 2022, of the exercise date of 4,152,000 outstanding common
share purchase warrants (the “Warrantsâ€) issued by the Company July 17,
2018. The 4,152,000 Warrants are set to expire on January 17, 2020 and
have an exercise price of $0.155. As of today, none of these purchase
warrants has been exercised. All other terms and conditions of the
Warrants will remain the same. The proposed extension is conditional
upon the receipt of the approval of the Exchange.
3. DEBT FOR SHARES
In accordance with the agreement between HPQ-Silicon and Agoracom,
entered into on July 15, 2018 for the term ending July 15, 2020,
HPQ-Silicon board has approved the issuance of 156,944 common shares at a
deemed price of 9 cents per share to pay $14,125 for services rendered
during the period from January 16, 2019 ending April 15, 2019, HPQ board
has also approved the issuance of 156,944 common shares at a deemed
price of 9 cents per share to pay $14,125 for services rendered during
the period from April 16, 2019 ending July 15, 2019, and HPQ board has
also approved the issuance of 166,176 common shares at a deemed price of
8.5 cents per share to pay $14,125 for services rendered during the
period from July 16, 2019 ending October 15, 2019. Each share issued
pursuant to the debt settlement will have a mandatory four (4) month and
one (1) day holding period from the date of closing.
About Silicon
Silicon (Si) is one of today’s strategic materials needed to fulfil
the renewable energy revolution presently under way. Silicon does not
exist in its pure state; it must be extracted from quartz, one of the
most abundant minerals of the earth’s crust and other expensive raw
materials in a carbothermic process.
About HPQ Silicon
HPQ Silicon Resources Inc. is a TSX-V listed company developing, in
collaboration with industry leader PyroGenesis (TSX-V: PYR) the
innovative PUREVAPTM “Quartz Reduction Reactors†(QRR), a truly
2.0 Carbothermic process (patent pending), which will permit the
transformation and purification of quartz (SiO2) into Metallurgical
Grade Silicon (Mg-Si) at prices that will propagate its significant
renewable energy potential.
HPQ is also working with industry leader Apollon Solar to develop: Porous silicon wafers manufacturing using PUREVAP™
Silicon (PVAP Si) that can be used as anode for all-solid-state and
Li-ion batteries; and a metallurgical pathway of producing Solar Grade
Silicon Metal (SoG Si) that will take full advantage of the PUREVAPTM QRR
one-step production of high purity silicon (Si) and significantly
reduce the Capex and Opex associated with the transformation of quartz
(SiO2) into SoG-Si.
HPQ focus is becoming the lowest cost producer of Silicon (Si), High
Purity Silicon (Si), Porous Silicon Wafers and Solar Grade Silicon Metal
(SoG-Si). The pilot plant equipment that will validate the commercial
potential of the process is on schedule to start in 2019.
This News Release is available on the company’s CEO Verified Discussion Forum, a moderated social media platform that enables civilized discussion and Q&A between Management and Shareholders.
Disclaimers:
The Corporation’s interest in developing the PUREVAP™ QRR and any
projected capital or operating cost savings associated with its
development should not be construed as being related to the establishing
the economic viability or technical feasibility of the Company’s
Roncevaux Quartz Project, Matapedia Area, in the Gaspe Region, Province
of Quebec.
This press release contains certain forward-looking statements,
including, without limitation, statements containing the words “may”,
“plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”,
“expect”, “in the process” and other similar expressions which
constitute “forward-looking information” within the meaning of
applicable securities laws. Forward-looking statements reflect the
Company’s current expectation and assumptions and are subject to a
number of risks and uncertainties that could cause actual results to
differ materially from those anticipated. These forward-looking
statements involve risks and uncertainties including, but not limited
to, our expectations regarding the acceptance of our products by the
market, our strategy to develop new products and enhance the
capabilities of existing products, our strategy with respect to research
and development, the impact of competitive products and pricing, new
product development, and uncertainties related to the regulatory
approval process. Such statements reflect the current views of the
Company with respect to future events and are subject to certain risks
and uncertainties and other risks detailed from time-to-time in the
Company’s on-going filings with the security’s regulatory authorities,
which filings can be found at www.sedar.com. Actual results, events, and
performance may differ materially. Readers are cautioned not to place
undue reliance on these forward-looking statements. The Company
undertakes no obligation to publicly update or revise any
forward-looking statements either as a result of new information, future
events or otherwise, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this
release.
For further information contact Bernard J. Tourillon, Chairman, President and CEO Tel (514) 907-1011 Patrick Levasseur, Vice-President and COO Tel: (514) 262-9239 http://www.hpqsilicon.com Email: [email protected]
1 Source: Quotation from a producer (Confidential), Media article
2 Advanced Battery Materials, Chapter 5: Practically Relevant Research on Silicon-Based Lithium-Ion Battery Anodes (page 271)
3 Source Marketandmakerts.com
4 CRU – Silicon Market Outlook – November 14, 2018 (Pages 20 – 23)
Posted by AGORACOM
at 1:42 PM on Friday, December 6th, 2019
SPONSOR: Labrador Gold – Two successful gold explorers lead the way in the Labrador gold rush targeting the under-explored gold potential of the province. Exploration has already outlined district scale gold on two projects, including over a 40km strike length of the Florence Lake greenstone belt, one of two greenstone belts covered by the Hopedale Project. Click Here for More Info
Slovakia’s gold reserves consist of 31.7 metric tons of gold that are now worth around $1.4 billion
Slovakia’s talk of gold repatriation comes at the same time as Poland chose to bring home 100 tons of its gold from the Bank of England’s storage in London.Â
Slovakia’s former prime minister called on the country’s parliament to repatriate its gold from the U.K., stating that Britain can’t be trusted with the yellow metal.
“You can hardly trust even the closest allies after the Munich
Agreement,†former Slovak prime minister Robert Fico told reporters last
week. “I guarantee that if something happens, we won’t see a single
gram of this gold. Let’s do it as quickly as possible.â€
In his comment, Fico was referring to a 1938 pact reached by France,
the U.K., Italy and Germany, which permitted Adolf Hitler to annex a
part of Czechoslovakia.
Fico, who is the leader of the country’s biggest party the
socially-conservative Smer. Fico wants to hold a special parliamentary
session on the issue, citing uncertainties around Brexit and global
economic slowdown.
Slovakia’s gold reserves consist of 31.7 metric tons of gold that are
now worth around $1.4 billion, according to Slovakia’s central bank
spokesman Peter Majer.
A week after Fico’s gold repatriation comments, the former PM was
charged with racism after he agreed with a racist comment made by a
far-right former lawmaker, who lost his seat in parliament earlier this
year, local police said on Thursday.
“Milan Mazurek said what almost the whole nation thinks and if you
execute someone for truth, you make him a national hero,†Fico said in
the message published on his official Facebook page in September.
Slovakia’s talk of gold repatriation comes at the same time as Poland chose to bring home 100 tons of its gold from the Bank of England’s storage in London.
“The gold symbolizes the strength of the country,†Poland’s central
bank Governor Adam Glapinski told reporters as he announced the move
last week.
Poland’s precious metals will now be stored in the central bank’s treasury, National Bank of Poland (NBP) noted.
Posted by AGORACOM
at 11:32 AM on Friday, December 6th, 2019
Sponsor: Loncor is a Canadian gold exploration company focused on two projects in the DRC – the Ngayu and North Kivu projects. Both projects have historic gold production. Exploration at the Ngayu project is currently being undertaken by Loncor’s joint venture partner Barrick Gold. The Ngayu project is 200km southwest of the Kibali gold mine, operated by Barrick, which produced 800,000 ounces of gold in 2018. Barrick manages and funds exploration at the Ngayu project until the completion of a pre-feasibility study on any gold discovery meeting the investment criteria of Barrick. Click Here for More Info
US DOLLAR WILL START TO SUPPORT HIGHER GOLD PRICES
We expected Gold to rally above $1750 before the end of this year, but the global trade wars and news cycles stalled the rally in Gold over the past 2 months. Now, it appears Gold is poised for another rally pushing much higher.
But wait, if you’re thinking I’m just another one of those traders who is always bullish on gold, just know I have been telling the truth about where gold was headed (lower) for years, but finally, the tide has changed!
Gold broke down
from a bull market in 2012/2013 – nearly 7 years ago. Now, Gold has
broken resistance near $1375 and is technically in a full-fledged Bull
Market. The importance of this is the 7-year cycle and how the rotation
in Gold, between the high near $1923 and the low near $1045 represent
an $878 price range. The upside (expansion) rally in Gold may very well
move in expanding Fibonacci price structures – just like it did in 2005
through 2012. If this is the case, then we may expect to see an
ultimate peak price in Gold well above $3500.
The rally that started in the last 2015 and ended in July 2016
totaled +$331.1 (+31.67%). The next price rally that started in August
2018 and ended in September 2019 totaled +$399.4 (+34.22%). If we take
the current rally range (399.4) and divide it by the previous rally
range (331.1), we end up with an expansion range of 121%. The two
unique rallies that happened just before the 2009 parabolic rally in
Gold represented (+315.8: 2006) and (394.8: 2008). The ratio of these
two rallies is 125%. Could Gold have already set up for another
parabolic rally well beyond the $1923 target level?
MONTHLY PRICE OF GOLD CHART – BULL AND BEAR MARKET TRENDS
Our research team believes Gold has already entered a technically
valid Bullish Market trend. We believe Gold miners will follow higher
as Gold begins this next move higher. The reason we have not engaged in
Miners, yet, is because we have not received any technically valid
signals related to the Gold miners indicating they have also entered a
new Bullish Market trend.
Gold is the safe-haven for the global market. It is a store of value
and offers price appreciation when the global market risks are
excessive. Because of this, the sentiment across the global markets
appears to be weakening in regards to forward expectations and valuation
appreciation within the investment/asset classes. If Gold continues to
rally higher, consider it a strong indicator that the foundation of the
global market valuation levels is weakening considerably.
US DOLLAR WILL START TO SUPPORT HIGHER GOLD PRICES
Should the US Dollar retrace lower, Gold will see a price increase
based on the renewed weakness of the US Dollar. This would also assist
in re-balancing global trade and economic issues with the US Dollar
moving moderately lower as weakening global markets contract.
GOLD MINING STOCKS – MONTHLY CHART
Miners are set up much like Gold was in early 2018. Resistance has
been set up with multiple price tops and any momentum rally above this
level would technically qualify as a new Bullish Market trend for
miners.
At this point, we believe the bottom in miners has already formed and
we are simply waiting for the qualifying technical confirmation of the
bullish trend to begin. Jumping into this trade too early could result
in unwanted risks as the price could still waffle around within the
Stage 1 Base range.
If you want to learn more about market stage analysis I will be
covering it a new article shortly. Once you grasp the basic concept you
will see these stages on every chart no matter the time frame and know
when to focus on trading and when to ignore the charts.
CONCLUDING THOUGHTS:
The recent weakness in the US and global markets has prompted a moderately solid upside move in Gold and Silver
over the past few days. We still need to see a Gold move above recent
resistance to qualify as a new upside rally though. Miners are set up
for a breakout technical move which we must also wait for. We believe
these two may move somewhat in unison if the global markets continue to
contract throughout the end of 2019 and into 2020.
Posted in All Recent Posts, Loncor | Comments Off on Loncor $LN.ca – 7 Year Cycles Can Be Powerful And Gold Just Started One $ABX.ca $TECK.ca $RSG $NGT.to
Posted by AGORACOM
at 2:21 PM on Thursday, December 5th, 2019
Ken Konkin Discusses the Goldstorm Deposit at Treaty Creek (including recent outstanding drill results like 0.725 g/t over 838.5m), it’s Potential, and 2020 Development Plans
American
Creek is a Canadian junior mineral exploration company with a strong
portfolio of gold and silver properties in British Columbia.
Three
of those properties are located in the prolific “Golden Triangleâ€; the
Treaty Creek and Electrum joint venture projects with Tudor Gold/Walter
Storm as well as the 100% owned past producing Dunwell Mine.
The
Treaty Creek Project is a Joint Venture with Tudor Gold owning 60% and
acting as operator. American Creek and Teuton Resources each have 20%
interests in the project. American Creek and Teuton are both fully
carried until such time as a Production Notice is issued, at which time
they are required to contribute their respective 20% share of
development costs. Until such time, Tudor is required to fund all
exploration and development costs while both American Creek and Teuton
have “free ridesâ€.
The
Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax,
Silver Side, and Glitter King properties located in other prospective
areas of the province.
For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. Information relating to the Corporation is available on its website at www.americancreek.com.
Hub on Agoracom FULL DISCLOSURE: American Creek is an advertising client of AGORA Internet Relations Corp.
