Agoracom Blog Home

Posts Tagged ‘#BC’

« Older Entries
Newer Entries »

American Creek $AMK.ca Reports Commencement of 20,000m Drill Program on Its JV Treaty Creek Property in the Golden Triangle $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

Posted by AGORACOM at 11:05 AM on Monday, May 11th, 2020
  • The length of the northeast axis of the Goldstorm System is over 850 meters
  • The Southeast axis is at least 600m
  • The system remains open in both dimensions, as well as to depth.
  • The strongest mineralization encountered to date is from two consecutive 150m step-out holes at the northeast end of the drill grid: GS-19-42 yielded 0.849 g/t Au Eq over 780 m with the 300 Horizon averaging 1.275 g/t Au Eq over 370.5m and GS-19-47 yielded 0.697 g/t Au Eq over 1,081.5m with the 300 Horizon averaging 0.867 g/t Au Eq over 301.5m.
  • Program focused on expanding the mineralized area from these two very encouraging step-out holes.
  • Furthermore, we plan to continue advancing along the NE axis with yet another 150 meter step out hole. The best results from the southeast dimension came from GS-19-52 which yielded 0.783 g/t Au Eq over 601.5m with 1.062 g/t Au Eq over 336.0m within the 300 Horizon.“

Cardston, Alberta–(Newsfile Corp. – May 11, 2020) – American Creek Resources Ltd. (TSXV: AMK) (“the Corporation”) is pleased to report that its JV partner Tudor Gold Corp has begun this season’s diamond drill hole program at its flagship property, Treaty Creek, located in the heart of the Golden Triangle of Northwestern British Columbia. Diamond drilling has begun with two drill rigs on the Goldstorm Zone which is on-trend from Seabridges’ KMS Project located just five kilometers to the southwest. These first two drills have begun drilling the initial holes of the 20,000 meter exploration program.

Tudor Gold’s Vice President of Project Development, Ken Konkin, P.Geo., states: “We are very proud of the hard work and dedication that our crews exhibited during the weeks prior to the start of drilling. Due to their diligence in preparing the camp we have been able to start our drill program a month earlier than last year’s program. The priority is to continue to expand the Goldstorm System to the southeast and to the northeast.”

“The current known length of the northeast axis of the Goldstorm System is over 850 meters, and the southeast axis is at least 600 m; the system remains open in both dimensions, as well as to depth. The strongest mineralization encountered to date is from two consecutive 150m step-out holes at the northeast end of the drill grid: GS-19-42 yielded 0.849 g/t Au Eq over 780 m with the 300 Horizon averaging 1.275 g/t Au Eq over 370.5m and GS-19-47 yielded 0.697 g/t Au Eq over 1,081.5m with the 300 Horizon averaging 0.867 g/t Au Eq over 301.5m. Our program will be focused on expanding the mineralized area from these two very encouraging step-out holes. Furthermore, we plan to continue advancing along the NE axis with yet another 150 meter step out hole. The best results from the southeast dimension came from GS-19-52 which yielded 0.783 g/t Au Eq over 601.5m with 1.062 g/t Au Eq over 336.0m within the 300 Horizon.“

(The above results were from Tudors news release dated March 3rd, 2020,, in which the following metal prices were used to calculate the Au Eq metal content: Gold $1322/oz, Ag: $15.91/oz, Cu: $2.86/lb. Calculations used the formula Au Eq g/t = (Au g/t) + (Ag g/t x 0.012) + (Cu% x 1.4835). All metals are reported in USD and calculations do not consider metal recoveries. True widths have not been determined as the mineralized body remains open in all directions. Further drilling is required to determine the mineralized body orientation and true widths.)

Tudor Gold and its associated service companies have taken extreme measures to maintain the highest professional standards while working under COVID-19 health and safety protocols. Only essential personnel are permitted to enter the camp and staging areas. An on-site certified paramedic conducts strict daily monitoring of temperatures and general health conditions of personnel and service providers who are working at the project site and the staging area.


Walter Storm, Tudor President and CEO, stated: “I am very pleased with the safe start-up of the 2020 exploration program thanks to the hard work and dedication of our crews. The Company’s intent is to advance the Treaty Creek Project with full recognition and confidence in the recommended COVID-19 safety protocols. The goal for this year is to complete enough drilling that we can begin to delineate a first resource estimation at Treaty Creek.”

Darren Blaney, American Creek President and CEO stated: “2019 was a very successful year at Treaty Creek and this year looks to be far better with an extension of the drilling season and a drill program that is over twice as big as last years. With the recent announcement of working towards a resource calculation along with baseline studies and metallurgical work for an initial economic assessment, Mr Storm was right in calling this a transformational year at Treaty Creek.”

Qualified Person

The Qualified Person for this news release for the purposes of National Instrument 43-101 is the Company‘s Vice President of Project Development, Ken Konkin, P.Geo. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

Treaty Creek JV Partnership

The Treaty Creek Project is a Joint Venture with Tudor Gold owning 3/5th and acting as operator. American Creek and Teuton Resources each have a 1/5th interest in the project creating a 3:1 ownership relationship between Tudor Gold and American Creek. 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 rides”.

Treaty Creek Background

The Treaty Creek Project lies in the same hydrothermal system as Pretium’s Brucejack mine and Seabridge’s KSM deposits with far better logistics.

Sulphurets Hydrothermal System

https://orders.newsfilecorp.com/files/682/55669_1e096bdf247ef89b_001.jpg

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/682/55669_1e096bdf247ef89b_001full.jpg

About American Creek

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 Triangle”; the Treaty Creek and Electrum joint venture projects with Tudor Gold/Walter Storm as well as the 100% owned past producing Dunwell Mine.

More information about the Treaty Creek Project can be found here: https://americancreek.com/index.php/projects/treaty-creek/home

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

Tags: , , , , , , , , , , , , , ,
Posted in All Recent Posts, American Creek Resources Ltd. | Comments Off on American Creek $AMK.ca Reports Commencement of 20,000m Drill Program on Its JV Treaty Creek Property in the Golden Triangle $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

Secular Gold Bull Resumes with Force SPONSOR: American Creek $AMK.ca $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

Posted by AGORACOM at 9:54 AM on Tuesday, April 28th, 2020

SPONSOR: 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. 2020 drilling plans 18,000 to 20,000 metres from 7-10 drill platforms with four diamond drill rigs. The Treaty Creek property is located in the same hydrothermal system as the Pretivm and Seabridge’s KSM deposits and is fully funded for exploration in 2020. Click Here For More Info

COVID-19: The Pin that Punctured the Credit Balloon

Gold is on the cusp of breaking out to all-time highs in U.S. dollars and has already done so in virtually every other currency. Gold mining stocks continue to lag the metal and, in our opinion, represent a compelling investment opportunity at this moment. The COVID-19 pandemic panic was merely the black swan that punctured a financial market asset bubble that took almost a decade to inflate.

Think of the pandemic as the pin that punctured the credit balloon. In a few months, the pandemic will ease (hopefully) with the formulation of a COVID-19 vaccine, widespread testing and other responses that will surely come from the healthcare industry. However, the fiscal and monetary policy damage committed by all governments to save the world has created a debt hangover that will linger for years. Economic growth will rebound but only to subpar levels once extreme health-related restrictions are lifted and “stimulus” kicks in.

The requisites for robust economic growth most likely to misfire are investment confidence and bank lending. Both have been severely compromised. Whether this landscape evolves into a long stretch of deflation or combusts into untamed inflation remains to be seen. What seems quite apparent is that traditional Keynesian stimulus measures are in their endgame. They will most likely deliver only steadily diminishing returns. Starkly opposite economic outcomes are possible from this policy morass; both would be positive for gold but negative for real returns on fixed income or equities.

Q1 Marks a Pivotal Turning Point for All Asset Classes

As of this writing, gold is trading about 10% less than its all-time high of US$1,900 attained nine years ago (September 2011). In effect, it has gone nowhere for a decade despite a tectonic shift in the investment and economic outlook. A lengthy correction lasting until 2016 and subsequent churning resulted in the establishment of a powerful multi-year basing structure. From this base and with strong macroeconomic tailwinds, we believe new highs well above $1,900 can be achieved over the next four years.

Despite enthusiastic advocacy and much chatter from investment luminaries, including Ray Dalio, Jeff Gundlach, Seth Klarman and others, gold remains severely and inappropriately underrepresented in the portfolios of fiduciaries, endowments and family offices. Flows into channels such as gold-backed exchange traded funds (“ETFs”) have been strong relative to previous low levels, but must still be considered a trickle in terms of what could still come. 

 Figure 1. Gold-Backed ETFs Reach Record Levels
Global gold-backed ETFs added 298 tonnes and net inflows of US$23 billion in Q1 2020 — the highest quarterly amount ever in absolute U.S. dollar terms and the largest tonnage additions since 2016.
Source: World Gold Council. Data as of 3/31/2020.

In our opinion, the first quarter of 2020 will mark a pivotal, secular turning point for all major asset classes including equities, bonds, gold and currencies. A return to the pre-2020 financial market normalcy and investment complacency is unlikely. In our view, consensus hopes remain high that the credit smash is only a temporary repercussion of the health scare. We disagree and suggest the effects will be long lasting.

Despite the solid price gains achieved by gold in the past two years, there is much more upside to come as investors gradually give up on repeated equity market bottom fishing and the hope of a return to financial market normalcy. A full reversal to the previous complacency cannot take place following a brief crash. The mood change will more likely become pervasive after grueling stretches of disappointing returns from previously successful investment strategies.

Unprecedented Central Bank Monetary Expansion

In our view, the decade preceding 2020 was characterized by the systematic stifling of price discovery for interest rates and the appropriate dependent valuations for financial assets. Such distortion was made possible only by unprecedented central bank balance sheet expansion that encouraged, abetted and rewarded risk taking in the form of ever greater leverage.

The prolonged somnolence of gold was among the most egregious price distortions of the previous decade and this suppressed interest in the metal as a risk mitigator and portfolio diversifier. Disinterest was fed in large part by the nearly universal expectation that the past would always be prologue and that highly leveraged financial and economic structures would perpetually result in outsized returns. In our view, the greatest change stemming from the credit bust will be a mood shift or paradigm change in the opposite direction.

At gold’s previous peak in 2011, the combined balance sheets of the U.S. Federal Reserve (“U.S. Fed”) and the European Central Bank (“ECB”) totaled approximately US$5.5 trillion. Today, that number is more than $11.4 trillion and rapidly moving higher. The USD gold price is still lower than nine years ago. In our view, gold price is still well below where it should be and will likely trade higher in the new macro landscape.

 Figure 2. Pandemic Policy Response Pushes Global Balance Sheets to Record Levels
Source: Bloomberg. Data as of 3/31/2020.

Gold Mining Stocks are Inexpensive

If gold is not correctly priced for what has transpired and what lies ahead, gold mining stocks are even more inappropriately priced. Based on current metal prices, most companies are generating positive earnings and cash flow and in many cases, free cash flow that can be applied to higher dividend payouts. Compared to other sectors of the economy, the gold mining industry stands almost alone in looking forward to strong 2020 earnings and a positive outlook for 2021.

2020 free cash flow yields for large-cap producers range from 3%-7% and 6%-25% for intermediate producers based on conventional sell-side research. The stats are similar or better for 2021 based on spot gold prices. As Figure 3. shows, mining stocks are inexpensive in absolute terms and have never been so cheap relative to the gold price. 

Figure 3. Gold Equities Are Undervalued Relative to Bullion
Ratio of XAU Index to Spot Gold (12/23/1983-3/31/2020)
Data as of 3/31/2020. Source: Bloomberg. 12/23/1983 represents the inception of the XAU.

Since 2008, the relative valuation of gold equities to gold bullion has fallen 75% from the prior 25-year average. The ratio of the XAU Index to spot gold averaged 0.2497x for a quarter century through 2008. As of 3/31/2020, the ratio was 0.0501x.

It is undoubtedly true that the industry will suffer health-related mine shutdowns and other shortfalls this year. Much of the disruption potential has already been broadcast and priced into the market. Some downside news may still have yet to surface. However, most miners are not financially levered and should be able to survive a few quarters of lower or no production. Unlike the airline, leisure, retail and manufacturing sectors, gold not produced today should grow in value and be produced at higher prices and lower costs next year and those beyond. It is not the same story for many other sectors of the economy. Based on fundamentals, gold stocks are inexpensive. By contrast, several other sectors of the economy could face long stretches of poor earnings, bad news flow and financial woes.

The gold mining sector registered a decline of approximately 20% in Q1 (as measured by GDX2) as shares did get battered by indiscriminate liquidations during March. However, as of this writing, two weeks after the close of the quarter, most shares trade near to where they stood at the beginning of the year, and have certainly registered outstanding performance in relative terms. It is remarkable that the largest sector ETF, GDX, suffered outflows of $381 million3 during the quarter at what could be the threshold of an upside breakout. In a favorable cycle for the gold price, mining stocks have historically delivered outperformance 3 to 5 times that of the metal itself.

Gold mining shares continue to be viewed by investors with deep skepticism as reflected by valuation and flows. When we scan Figure 4, it appears to us that the sector is on the verge of an upside breakout from a multi-year base should our assessment of the macroeconomic environment prove correct.

Figure 4. NYSE Arca Gold BUGS Index (HUI4)
Source: Bloomberg. Data as of 4/20/2020.

Monetary and Fiscal Policy Going Ballistic

There is no need to belabor the obvious. However, the consequences of these actions have yet to be priced into the financial markets or gold. The risk parity trade has fallen short, partly because bonds were caught up in the indiscriminate liquidations of Q1. Looking forward, bonds may no longer be able to play the safe haven role they traditionally filled to balance equity risk. The vacuum could be filled in part by increased gold exposure for all classes of investors. Sovereign credit liquidity injections are likely to remain significant and permanent. The bond market has become socialized. Owning Treasury bonds of any duration could become akin to parking Treasury bills, with little upside and considerable risk of impairment through inflation. Gold is the antidote to the fixed-income investor’s dilemma.

Gold is extremely under-owned, under-represented, and poorly thought of in the circles of conventional investment thinking. It is still considered to be a fringe asset. Just ask Goldman Sachs which recently advised its clients:

 “We concluded then (2010) that gold does not have a role as a strategic asset class in clients’ already well-diversified portfolios. We have updated the research and the evidence is even more compelling today than it was then.” (4/5/2020; Goldman Sachs Investment Strategy Group)

We remind the reader that Goldman is the same firm that in December 2019 declared the U.S. economy to be “recession proof” and then in March 2020 cautioned that stocks had substantial further downside:

“Overall, the changes underlying the Great Moderation appear intact, and we see the economy as structurally less recession prone today.” (12/31/2019; Goldman economists Jan Hatzius and David Mericle)

“Goldman Sachs on Friday dramatically cut its U.S. economic forecast, saying it now expects GDP to decline by 25% in the second quarter of 2020 because of the coronavirus panic.” (3/20/2020; Business Insider)

“What is your estimate for the S&P 500 by yearend 2020? David Kostin, “3400.” (1/2020; GS Podcast, David Kostin Goldman, U.S. chief equity strategist and Jake Siewert) 

“Kostin thinks the market goes lower. ‘In the near term, we expect the S&P 500 will fall towards a low of 2000.’” (3/22/2020; Yahoo Finance)

Goldman’s commentary is, in our opinion, a reasonable proxy for conventional wisdom. One could easily find other embarrassing examples of mainstream thinking ignorant of the best-performing asset class (by far) versus equities and bonds since 2000.

Contrarians and value investors, take note! The secular gold bull that began in 2000 and corrected for a few years has returned to life with renewed vigor. Pullbacks — price declines during this uptrend — should be bought. The setup for gold and gold mining shares ticks every box for highly rewarding investment returns.

Figure 5. Gold Has Outperformed Stocks, Bonds and USD over the Past 20 Years
Returns for Period from 12/31/1999-4/13/2020

Source: Bloomberg. Period from 12/31/1999-4/20/2020. Gold is measured by GOLDS Comdty; US Agg Bond Index is measured by the Bloomberg Barclays US Agg Total Return Value Unhedged USD (LBUSTRUU Index); S&P 500 TR is measured by the SPX; and the U.S. Dollar is measured by DXY Curncy. Past performance is no guarantee of future results.

Figure 6. Gold Provides Portfolio Diversification
Gold provides diversification in a portfolio, and has low correlation with other asset classes. The period measured is April 1, 2015 to April 1, 2020.

* Source: World Gold Council. Period from April 1, 2015 to April 1, 2020, based on monthly returns. Gold is measured by the LBMA Gold Price; stocks by the S&P 500 Index; commodities by the Bloomberg Commodity Index;  Bonds by the BarCap Treasuries and Corporates.

1The S&P 500 or Standard & Poor’s 500 Index is a market-capitalization-weighted index of the 500 largest U.S. publicly traded companies. You cannot invest directly in an index. TR, “Total Return”, represents the index with dividend income reinvested.
2VanEck Vectors Gold Miners ETF (GDX) seeks to replicate the NYSE Arca Gold Miners Index (GDMNTR), which is intended to track the overall performance of companies involved in the gold mining industry.
3Source: ETFtrends.com.
4The NYSE Arca Gold BUGS Index (HUI) is a modified equal dollar weighted index of companies involved in gold mining.

SOURCE: Sprotts Thoughts

https://sprott.com/insights/sprott-gold-report-secular-gold-bull-resumes-with-force/#

Tags: , , , , , , , , , , , , , , ,
Posted in All Recent Posts, American Creek Resources Ltd. | Comments Off on Secular Gold Bull Resumes with Force SPONSOR: American Creek $AMK.ca $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

American Creek $AMK.ca Announces Metallurgical Test Work and Preliminary Baseline Studies for Its JV Treaty Creek Property in the Golden Triangle $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

Posted by AGORACOM at 9:20 AM on Thursday, April 23rd, 2020
http://blog.agoracom.com/wp-content/uploads/2019/12/American-Creek-Square-Logo-1.png
  • JV partner Tudor Gold Corp has initiated metallurgical studies
  • Study will focus on the mineral characteristics and the prospects of developing Treaty Creek as a bulk tonnage mining target
  • Metallurgical test results will be used as part of the initial economic assessment for the project.

Cardston, Alberta–(Newsfile Corp. – April 23, 2020) –  American Creek Resources Ltd. (TSXV: AMK) (“the Corporation”) is pleased to report that its JV partner Tudor Gold Corp has initiated metallurgical studies for the JV flagship project, Treaty Creek, located in the Golden Triangle of north-west British Columbia. This study will focus on the mineral characteristics and the prospects of developing Treaty Creek as a bulk tonnage mining target using conventional processing techniques. The test work will be conducted on material selected from the extensive continuously mineralized drill core intervals encountered in the 2019 exploration program. The metallurgical test results will be used as part of the initial economic assessment for the project.

The metallurgical study will be managed under the direction of Frank Wright, P.Eng., of F. Wright Consulting Inc, of Delta BC. The related laboratory test program will be conducted at Bureau Veritas Minerals – Metallurgical Division of Richmond, BC (BV). BV is a globally recognized and certified testing facility with customers ranging from small independent operators to large multi-national mining firms and consultants. Mr. Wright has over 30 years of experience consisting of both operations and consulting in the fields of mineral processing and hydrometallurgy. His career has included the last 20 years as a qualified independent professional engineer managing process advancement for projects worldwide, although primarily focused in BC. His work includes oversight of test programs leading to the selected process flowsheet and design criteria, related technical reporting, supervision of detailed engineering, and assisting in project commissioning.

Tudor Gold also announced an agreement with RTEC (a joint venture partnership between ERM Consultants Canada Ltd. (ERM) and the Tahltan Nation Development Corporation (TNDC)), to begin preliminary baseline studies that will be required for provincial permitting of the Treaty Creek project. These baseline studies will focus on surface water quality, hydrology, atmospherics, wildlife and archaeology.

Tudor Gold’s Vice President of Project Development, Ken Konkin, P.Geo., states: “The metallurgical test work and baseline studies will provide crucial data to further our project development plans. These studies will serve as templates for on-going studies aimed to carry the project forward to more advanced stages. Both studies will begin in conjunction with the 2020 diamond drill hole exploration program that is planned to start this spring. In addition, our geologists will select representative composite samples from last year’s drill holes as the basis for our preliminary metallurgical studies.”

The safety and wellbeing of Tudor Gold employees, contractors, and communities they work in is of upmost importance. Tudor Gold has developed new operational guidelines to reduce the chance of spread of the COVID-19 virus while conducting our work, which has been deemed as essential service by the Provincial Government.

Tudor Gold’s Covid-19 policy and guidelines are available on their website at:

https://tudor-gold.com/wp-content/uploads/2020/04/Tudor-Gold—COVID-19-Policy-Response-Plan-April-2020.pdf

Walter Storm, President and CEO of Tudor Gold stated: “2020 is poised to be a transformative year for our company. The agreement with RTEC to begin preliminary baseline studies, necessary for potential future mine permitting, together with the initiation of the metallurgical studies, demonstrates our commitment to further advance the Treaty Creek project. These studies as well as the upcoming drill program are fully funded. We are particularly pleased that we were able to further strengthen our partnership with the Tahltan First Nations through the RTEC agreement.”

About the RTEC Joint-Venture partnership

RTEC is a joint venture partnership between ERM Consultants Canada Ltd. (ERM) and the Tahltan Nation Development Corporation (TNDC). With more than 5,500 people, ERM is a leading global provider of environmental, health, safety, risk, social consulting services and sustainability related services. The Tahltan Nation Development Corporation (TNDC) is the business arm of the Tahltan Nation. TNDC pursues sustainable and responsible business and economic development opportunities in the region that lead to employment, training and business opportunities for Tahltan members.

Qualified Person

The Qualified Person for this news release for the purposes of National Instrument 43-101 is the Company‘s Vice President of Project Development, Ken Konkin, P.Geo. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

Treaty Creek JV Partnership

The Treaty Creek Project is a Joint Venture with Tudor Gold owning 3/5th and acting as operator. American Creek and Teuton Resources each have a 1/5th interest in the project creating a 3:1 ownership relationship between Tudor Gold and American Creek. 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 rides”.

Treaty Creek Background

The Treaty Creek Project lies in the same hydrothermal system as Pretium’s Brucejack mine and Seabridge’s KSM deposits with far better logistics.

https://orders.newsfilecorp.com/files/682/54792_287016a3748179c5_001full.jpg



To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/682/54792_287016a3748179c5_001full.jpg

About American Creek

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 Triangle”; the Treaty Creek and Electrum joint venture projects with Tudor Gold/Walter Storm as well as the 100% owned past producing Dunwell Mine.

More information about the Treaty Creek Project can be found here: https://americancreek.com/index.php/projects/treaty-creek/home

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

Tags: , , , , , , , , , , , , ,
Posted in All Recent Posts, American Creek Resources Ltd. | Comments Off on American Creek $AMK.ca Announces Metallurgical Test Work and Preliminary Baseline Studies for Its JV Treaty Creek Property in the Golden Triangle $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

CLIENT FEATURE: American Creek $AMK.ca Prepares for Fully Funded 2020 Exploration Season and Responds to Covid-19 Shareholder Inquiries $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $PVG.ca $AOT.ca $ESK.ca

Posted by AGORACOM at 12:28 PM on Friday, April 17th, 2020
http://blog.agoracom.com/wp-content/uploads/2019/12/American-Creek-Square-Logo-1.png

AMK: TSX-V, OTCBB: ACKRF

Treaty Creek Project is Fully Funded for the 2020 Exploration Season

Last year Eric Sprott became the largest external investor in Treaty Creek in B.C.’s Golden Triangle.  He stated “Treaty Creek has a great shot at having 20 million ounces of gold.”  A very successful program was run hitting wide intervals of gold in every drill hole.  This year we’ll see if Eric is right as the objective of this year’s program is to develop a resource calculation.

The Goldstorm Zone will host a significantly larger drilling program in 2020

  • 18,000 to 20,000 Meter Drill Program
  • 7-10 Drill Platforms
  • Four Diamond Drill Rigs

The drill program is designed to extend and to explore the limits of Goldstorm System

  • The current conceptual model for Goldstorm is 1 billion tonnes at close to 1 gram of gold
  • The system remains open in all directions and to depth
  • The best mineralization encountered to date is from the two consecutive 150m step-out holes to the Northeast:
    • GS-19-42 yield 0.849 g/t Au Eq over 780 m with 1.275 g/t Au Eq over 370.5m
    • GS-19-47 yield 0.697 g/t Au Eq over 1,081.5m with 0.867 g/t Au Eq over 301.5m
  • The best Southeast extension:
    • GS-19-52 yields 0.783 g/t Au Eq over 601.5m
      • Includes 1.062 g/t Au Eq over 336.0m (NR dated March 3rd, 2020)
https://orders.newsfilecorp.com/files/682/53763_07331b7734267a38_001full.jpg

The Sulphurets Hydrothermal System

More Information About The Treaty Creek Project Can Be Found Here

Treaty Creek JV Partnership

The Treaty Creek Project is a Joint Venture with Tudor Gold owning 3/5th and acting as operator. American Creek and Teuton Resources each have a 1/5th interest 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 rides”.

Treaty Creek Background

The Treaty Creek Project lies in the same hydrothermal system as Pretium’s Brucejack mine and Seabridge’s KSM deposits with far better logistics.


American Creeek Responds to Shareholder Questions Re: COVID-19:


American Creek has received numerous messages from our investor base asking similar questions.  We’ve compiled the most common questions with their answers for you below:

Q:  Has Covid 19 affected the ability of the office to keep running and will it affect the company’s ability to run programs this year?

  • The Canadian Minister of Public Safety and Emergency Preparedness has deemed exploration and mining essential services during the current COVID-19 outbreak.  This specifically includes mineral exploration and development.  At the same time, explorers, miners and those in related businesses need to be in compliance with local regulations with regard to health and safety practices in order to protect workers and others from the COVID-19 virus.

    Both American Creek and its JV Partner Tudor Gold are following these guidelines and fully expect to carry on operations in the office and in the field.

Q:  Does American Creek have enough money to carry on operations or will it have to raise money this year?

  •  The company raised sufficient money in 2019 to carry on operations through 2020.  This currently includes an exploration / drill program on the Dunwell Mine property and may include work on Gold Hill and other properties as well. 

Q:  How will Covid 19 and the resulting drop in the stock market and economy affect the precious metals industry?

  • As the stock market and the economy drop there are institutions, brokerage houses, and individuals who will sell everything right across the board to cover themselves.  Precious metals or stocks in precious metal companies are no exception.  We’ve already seen this taking place.  However, gold served its purpose in retaining value as its drop was very minimal compared to the stock markets.
    It’s governments reactions to the falling stock markets and economy that will have a profound effect on Gold.  We are reading that more money has been created out of thin air in the last few weeks than in any time in history.   All the gold in the world is worth approximately $9.5 trillion dollars and just the United States alone is creating $2 trillion, plus $4 trillion from the Fed, plus another $2 trillion plus in infrastructure spending (and that’s not counting the $2.5 trillion put into the repo markets).  The rest of the world is acting similarly.  Inflation (an increase of the monetary supply) does have a direct effect on gold (especially once money velocity increases).  We are already seeing the very early stages of this upward pressure as gold futures spiked to a 7.5-year high of $1,742.60 an ounce in overnight trading (April 6-7, 2020).  Gold will continue to be volatile but will have greater upward pressure the more governments try to help the economy. 

Q:  Why should people invest in American Creek when there are so many gold plays out there?

  • While there are a number of excellent projects out there, even within the Golden Triangle, I’m not aware of one with as much potential poised to be realized over the next two years.  Since he’s the expert I’ll refer to Eric Sprott’s comments concerning the Goldstorm on Treaty Creek: “They have a good shot at having 20 million ounces of gold.”“So that’s the sort of play that I like where man, if the price of gold goes to $1,700 or $2,000 these plays will look so economically viable and the stock will go up so much, and the analogy I use is Seabridge back in 2000.  I remember buying it at a dollar…and Seabridge went from $1 to $35 dollars!  That is what we are looking for – a dollar to $35 dollars, set you up for life!”  American Creek investors benefit through the development of Goldstorm while having no associated costs and while retaining a 1:3 ownership ratio with Tudor Gold.  The timing couldn’t be better for a project of this scale and quality.  Add to that the development of the Dunwell Mine along with the possibility of programs on our other high potential projects and we feel that we offer people the best possible investment. American Creek is in a position of strength as it has the ability to continue developing core assets and bring value to its shareholders amidst a world of economic uncertainty.  We will continue to do all we can to help our shareholders prosper.   

Q:  What opportunity do you see for the company moving forward?

  • While this pandemic, and our governments responses to it, will do irreparable damage to each of our finances and liberties, we are extremely optimistic about precious metals, the precious metals production and exploration industry, and specifically American Creek Resources.
       Rick Rule, CEO of Sprott US Global, was recently quoted saying:  

       Get ready for a “rip your face off” gold market.
     

Industry Experts Have Already Pointed Out That:

  • The drop in oil will lower the costs for producers at the same time that gold is going up.
  • As gold goes higher and producers start producing tremendous amounts of cash…they are going to want to deploy it back in their own sector…there will be a competing FEEDING FRENZY amongst the producers to go buy the best assets and eventually the worst assets of the gold sector

We believe that the Goldstorm deposit at Treaty Creek is quickly becoming one of most significant assets in the gold industry and will be highly sought after. 
  

About American Creek

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 Triangle”; the Treaty Creek and Electrum joint venture projects with Tudor Gold/Walter Storm as well as the 100% owned past producing Dunwell Mine.

  • 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

Tags: , , , , , , , , , , , , ,
Posted in AGORACOM Client Feature, All Recent Posts, American Creek Resources Ltd. | Comments Off on CLIENT FEATURE: American Creek $AMK.ca Prepares for Fully Funded 2020 Exploration Season and Responds to Covid-19 Shareholder Inquiries $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $PVG.ca $AOT.ca $ESK.ca

American Creek Prepares for Fully Funded 2020 Exploration Season and Responds to Covid-19 Shareholder Inquiries $AMK.ca $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

Posted by AGORACOM at 12:02 PM on Friday, April 17th, 2020
http://blog.agoracom.com/wp-content/uploads/2019/12/American-Creek-Square-Logo-1.png

AMK: TSX-V, OTCBB: ACKRF

Treaty Creek Project is Fully Funded for the 2020 Exploration Season

Last year Eric Sprott became the largest external investor in Treaty Creek in B.C.’s Golden Triangle.  He stated “Treaty Creek has a great shot at having 20 million ounces of gold.”  A very successful program was run hitting wide intervals of gold in every drill hole.  This year we’ll see if Eric is right as the objective of this year’s program is to develop a resource calculation.

The Goldstorm Zone will host a significantly larger drilling program in 2020

  • 18,000 to 20,000 Meter Drill Program
  • 7-10 Drill Platforms
  • Four Diamond Drill Rigs

The drill program is designed to extend and to explore the limits of Goldstorm System

  • The current conceptual model for Goldstorm is 1 billion tonnes at close to 1 gram of gold
  • The system remains open in all directions and to depth
  • The best mineralization encountered to date is from the two consecutive 150m step-out holes to the Northeast:
    • GS-19-42 yield 0.849 g/t Au Eq over 780 m with 1.275 g/t Au Eq over 370.5m
    • GS-19-47 yield 0.697 g/t Au Eq over 1,081.5m with 0.867 g/t Au Eq over 301.5m
  • The best southeast extension:
    • GS-19-52 yields 0.783 g/t Au Eq over 601.5m
      • Includes 1.062 g/t Au Eq over 336.0m (NR dated March 3rd, 2020)
https://orders.newsfilecorp.com/files/682/53763_07331b7734267a38_001full.jpg

The Sulphurets Hydrothermal System

More Information About The Treaty Creek Project Can Be Found Here

Treaty Creek JV Partnership

The Treaty Creek Project is a Joint Venture with Tudor Gold owning 3/5th and acting as operator. American Creek and Teuton Resources each have a 1/5th interest 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 rides”.

Treaty Creek Background

The Treaty Creek Project lies in the same hydrothermal system as Pretium’s Brucejack mine and Seabridge’s KSM deposits with far better logistics.


American Creeek Responds to Shareholder Questions Re: COVID-19:


American Creek has received numerous messages from our investor base asking similar questions.  We’ve compiled the most common questions with their answers for you below:

Q:  Has Covid 19 affected the ability of the office to keep running and will it affect the company’s ability to run programs this year?

  • The Canadian Minister of Public Safety and Emergency Preparedness has deemed exploration and mining essential services during the current COVID-19 outbreak.  This specifically includes mineral exploration and development.  At the same time, explorers, miners and those in related businesses need to be in compliance with local regulations with regard to health and safety practices in order to protect workers and others from the COVID-19 virus.

    Both American Creek and its JV Partner Tudor Gold are following these guidelines and fully expect to carry on operations in the office and in the field.

Q:  Does American Creek have enough money to carry on operations or will it have to raise money this year?

  •  The company raised sufficient money in 2019 to carry on operations through 2020.  This currently includes an exploration / drill program on the Dunwell Mine property and may include work on Gold Hill and other properties as well. 

Q:  How will Covid 19 and the resulting drop in the stock market and economy affect the precious metals industry?

  • As the stock market and the economy drop there are institutions, brokerage houses, and individuals who will sell everything right across the board to cover themselves.  Precious metals or stocks in precious metal companies are no exception.  We’ve already seen this taking place.  However, gold served its purpose in retaining value as its drop was very minimal compared to the stock markets.
    It’s governments reactions to the falling stock markets and economy that will have a profound effect on Gold.  We are reading that more money has been created out of thin air in the last few weeks than in any time in history.   All the gold in the world is worth approximately $9.5 trillion dollars and just the United States alone is creating $2 trillion, plus $4 trillion from the Fed, plus another $2 trillion plus in infrastructure spending (and that’s not counting the $2.5 trillion put into the repo markets).  The rest of the world is acting similarly.  Inflation (an increase of the monetary supply) does have a direct effect on gold (especially once money velocity increases).  We are already seeing the very early stages of this upward pressure as gold futures spiked to a 7.5-year high of $1,742.60 an ounce in overnight trading (April 6-7, 2020).  Gold will continue to be volatile but will have greater upward pressure the more governments try to help the economy. 

Q:  Why should people invest in American Creek when there are so many gold plays out there?

  • While there are a number of excellent projects out there, even within the Golden Triangle, I’m not aware of one with as much potential poised to be realized over the next two years.  Since he’s the expert I’ll refer to Eric Sprott’s comments concerning the Goldstorm on Treaty Creek: “They have a good shot at having 20 million ounces of gold.”“So that’s the sort of play that I like where man, if the price of gold goes to $1,700 or $2,000 these plays will look so economically viable and the stock will go up so much, and the analogy I use is Seabridge back in 2000.  I remember buying it at a dollar…and Seabridge went from $1 to $35 dollars!  That is what we are looking for – a dollar to $35 dollars, set you up for life!”  American Creek investors benefit through the development of Goldstorm while having no associated costs and while retaining a 1:3 ownership ratio with Tudor Gold.  The timing couldn’t be better for a project of this scale and quality.  Add to that the development of the Dunwell Mine along with the possibility of programs on our other high potential projects and we feel that we offer people the best possible investment. American Creek is in a position of strength as it has the ability to continue developing core assets and bring value to its shareholders amidst a world of economic uncertainty.  We will continue to do all we can to help our shareholders prosper.   

Q:  What opportunity do you see for the company moving forward?

  • While this pandemic, and our governments responses to it, will do irreparable damage to each of our finances and liberties, we are extremely optimistic about precious metals, the precious metals production and exploration industry, and specifically American Creek Resources.
       Rick Rule, CEO of Sprott US Global, was recently quoted saying:  

       Get ready for a “rip your face off” gold market.
     

Industry Experts Have Already Pointed Out That:

  • The drop in oil will lower the costs for producers at the same time that gold is going up.
  • As gold goes higher and producers start producing tremendous amounts of cash…they are going to want to deploy it back in their own sector…there will be a competing FEEDING FRENZY amongst the producers to go buy the best assets and eventually the worst assets of the gold sector

We believe that the Goldstorm deposit at Treaty Creek is quickly becoming one of most significant assets in the gold industry and will be highly sought after. 
  

About American Creek

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 Triangle”; the Treaty Creek and Electrum joint venture projects with Tudor Gold/Walter Storm as well as the 100% owned past producing Dunwell Mine.

  • 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

Tags: , , , , , , , , , , , , ,
Posted in AGORACOM Client Feature, All Recent Posts, American Creek Resources Ltd. | Comments Off on American Creek Prepares for Fully Funded 2020 Exploration Season and Responds to Covid-19 Shareholder Inquiries $AMK.ca $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

Which Countries Across the World Control the Most Gold? Here’s the Top 25 SPONSOR: American Creek Resources $AMK.ca $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

Posted by AGORACOM at 9:54 AM on Friday, April 3rd, 2020

SPONSOR: 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. 2020 drilling plans 18,000 to 20,000 metres from 7-10 drill platforms with four diamond drill rigs. The Treaty Creek property is located in the same hydrothermal system as the Pretivm and Seabridge’s KSM deposits and is fully funded for exploration in 2020. Click Here For More Info

https://www.gannett-cdn.com/media/2020/03/23/USATODAY/usatsports/gettyimages-172446421.jpg?width=1280
The nations of the world had 34,700 tons of gold reserves, as of January 2020.

Countries maintain gold reserves to stabilize currency against hyperinflation, particularly in the event of a major crisis like the one many economies worldwide currently face as a result of the coronavirus pandemic. Relatively few countries, however, have large gold reserves. In fact, over 80% of the world’s national gold reserves is held by the central banks and finance ministries of just 25 countries. 

To determine the countries that control the world’s gold, 24/7 Wall St. reviewed data on gold reserves by country in tonnes – or metric tons – as of January 2020 from the World Gold Council. Data on gold as a share of a country’s total foreign exchange reserves also came from the WGC and is current as of January 2020. 

The value of a country’s gold reserves in U.S. dollars was calculated using exchange rates current as of March 13, 2020. GDP and GDP per capita figures in 2018 are from the World Bank and are in constant 2011 international dollars. Data on population is also from the World Bank and is for 2018 or for the most recent period available.

Many, but not all of the countries on this list, are among the wealthiest nations on Earth, as these countries are able to buy up substantial gold reserves. These are the 25 richest countries in the world. 

While some countries on this list have obtained gold reserves by purchasing from other countries, many of the nations with the biggest gold reserves, such as China, the United States, and Russia, are also the top gold-producing countries. China, the largest producer of gold in the world, alone accounted for 14% of global gold production in 2016. 

25. Venezuela

• Gold reserves as of January 2020: 161.2 tonnes

• Gold reserves in USD as of January 2020: $8.1 billion

• Gold as % of total foreign exchange reserves: 81.0%

• GDP: $271 billion ($9,402 per capita)

• Population: 28.9 million

24. Algeria

• Gold reserves as of January 2020: 173.6 tonnes

• Gold reserves in USD as of January 2020: $8.7 billion

• Gold as % of total foreign exchange reserves: 11.6%

• GDP: $580 billion ($13,737 per capita)

• Population: 42.2 million

23. Philippines

• Gold reserves as of January 2020: 197.9 tonnes

• Gold reserves in USD as of January 2020: $9.9 billion

• Gold as % of total foreign exchange reserves: 11.2%

• GDP: $847 billion ($7,943 per capita)

• Population: 106.7 million

22. Belgium

• Gold reserves as of January 2020: 227.4 tonnes

• Gold reserves in USD as of January 2020: $11.4 billion

• Gold as % of total foreign exchange reserves: 39.5%

• GDP: $498 billion ($43,582 per capita)

• Population: 11.4 million

21. Poland

• Gold reserves as of January 2020: 228.6 tonnes

• Gold reserves in USD as of January 2020: $11.5 billion

• Gold as % of total foreign exchange reserves: 9.3%

• GDP: $1.1 trillion ($28,786 per capita)

• Population: 38 million

20. Austria

• Gold reserves as of January 2020: 280.0 tonnes

• Gold reserves in USD as of January 2020: $14.1 billion

• Gold as % of total foreign exchange reserves: 56.1%

• GDP: $409 billion ($46,260 per capita)

• Population: 8.8 million

19. Spain

• Gold reserves as of January 2020: 281.6 tonnes

• Gold reserves in USD as of January 2020: $14.1 billion

• Gold as % of total foreign exchange reserves: 19.1%

• GDP: $1.6 trillion ($34,831 per capita)

• Population: 46.7 million

18. Lebanon

• Gold reserves as of January 2020: 286.8 tonnes

• Gold reserves in USD as of January 2020: $14.4 billion

• Gold as % of total foreign exchange reserves: 27.3%

• GDP: $79 billion ($11,607 per capita)

• Population: 6.8 million

17. United Kingdom

• Gold reserves as of January 2020: 310.3 tonnes

• Gold reserves in USD as of January 2020: $15.6 billion

• Gold as % of total foreign exchange reserves: 9.3%

• GDP: $2.7 trillion ($40,522 per capita)

• Population: 66.5 million

16. Saudi Arabia

• Gold reserves as of January 2020: 323.1 tonnes

• Gold reserves in USD as of January 2020: $16.2 billion

• Gold as % of total foreign exchange reserves: 3.2%

• GDP: $1.7 trillion ($49,101 per capita)

• Population: 33.7 million

15. Uzbekistan

• Gold reserves as of January 2020: 333.7 tonnes

• Gold reserves in USD as of January 2020: $16.8 billion

• Gold as % of total foreign exchange reserves: 56.7%

• GDP: $250 billion ($7,592 per capita)

• Population: 33 million

14. Portugal

• Gold reserves as of January 2020: 382.5 tonnes

• Gold reserves in USD as of January 2020: $19.2 billion

• Gold as % of total foreign exchange reserves: 76.8%

• GDP: $298 billion ($28,999 per capita)

• Population: 10.3 million

13. Kazakhstan

• Gold reserves as of January 2020: 386.5 tonnes

• Gold reserves in USD as of January 2020: $19.4 billion

• Gold as % of total foreign exchange reserves: 67.1%

• GDP: $452 billion ($24,738 per capita)

• Population: 18.3 million

12. Taiwan, province of China

• Gold reserves as of January 2020: 422.4 tonnes

• Gold reserves in USD as of January 2020: $21.2 billion

• Gold as % of total foreign exchange reserves: 4.3%

• GDP: N/A

• Population: N/A

11. Turkey

• Gold reserves as of January 2020: 428.7 tonnes

• Gold reserves in USD as of January 2020: $21.5 billion

• Gold as % of total foreign exchange reserves: 21.8%

• GDP: $2.1 trillion ($25,358 per capita)

• Population: 82.3 million

10. Netherlands

• Gold reserves as of January 2020: 612.5 tonnes

• Gold reserves in USD as of January 2020: $30.8 billion

• Gold as % of total foreign exchange reserves: 70.2%

• GDP: $858 billion ($49,787 per capita)

• Population: 17.2 million

9. India

• Gold reserves as of January 2020: 635 tonnes

• Gold reserves in USD as of January 2020: $31.9 billion

• Gold as % of total foreign exchange reserves: 7%

• GDP: $9.3 trillion ($6,888 per capita)

• Population: 1.4 billion

8. Japan

• Gold reserves as of January 2020: 765.2 tonnes

• Gold reserves in USD as of January 2020: $38.4 billion

• Gold as % of total foreign exchange reserves: 2.9%

• GDP: $5 trillion ($39,294 per capita)

• Population: 126.5 million

7. Switzerland

• Gold reserves as of January 2020: 1,040.0 tonnes

• Gold reserves in USD as of January 2020: $52.3 billion

• Gold as % of total foreign exchange reserves: 6.2%

• GDP: $505 billion ($59,317 per capita)

• Population: 8.5 million

6. China

• Gold reserves as of January 2020: 1,948.3 tonnes

• Gold reserves in USD as of January 2020: $97.9 billion

• Gold as % of total foreign exchange reserves: 3.1%

• GDP: $22.5 trillion ($16,182 per capita)

• Population: 1.4 billion

5. Russia

• Gold reserves as of January 2020: 2,279.2 tonnes

• Gold reserves in USD as of January 2020: $114.5 billion

• Gold as % of total foreign exchange reserves: 20.6%

• GDP: $3.8 trillion ($24,791 per capita)

• Population: 144.5 million

4. France

• Gold reserves as of January 2020: 2,436.0 tonnes

• Gold reserves in USD as of January 2020: $122.4 billion

• Gold as % of total foreign exchange reserves: 63.6%

• GDP: $2.6 trillion ($39,556 per capita)

• Population: 67 million

3. Italy

• Gold reserves as of January 2020: 2,451.8 tonnes

• Gold reserves in USD as of January 2020: $123.2 billion

• Gold as % of total foreign exchange reserves: 69.3%

• GDP: $2.2 trillion ($35,828 per capita)

• Population: 60.4 million

2. Germany

• Gold reserves as of January 2020: 3,366.5 tonnes

• Gold reserves in USD as of January 2020: $169.1 billion

• Gold as % of total foreign exchange reserves: 74%

• GDP: $3.8 trillion ($45,936 per capita)

• Population: 82.9 million

1. United States

• Gold reserves as of January 2020: 8,133.5 tonnes

• Gold reserves in USD as of January 2020: $408.7 billion

• Gold as % of total foreign exchange reserves: 77.9%

• GDP: $18.2 trillion ($55,719 per capita)

• Population: 327.2 million

SOURCE: https://www.usatoday.com/story/money/2020/04/02/countries-that-control-the-worlds-gold/111459474/

24/7 Wall Street is a USA TODAY content partner offering financial news and commentary. Its content is produced independently of USA TODAY.

Tags: , , , , , , , , , , , , ,
Posted in All Recent Posts, American Creek Resources Ltd. | Comments Off on Which Countries Across the World Control the Most Gold? Here’s the Top 25 SPONSOR: American Creek Resources $AMK.ca $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

Gold Continues to Prove its Safe Haven Status SPONSOR: American Creek $AMK.ca $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

Posted by AGORACOM at 12:26 PM on Monday, March 30th, 2020

SPONSOR: 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. 2020 drilling plans 18,000 to 20,000 metres from 7-10 drill platforms with four diamond drill rigs. The Treaty Creek property is located in the same hydrothermal system as the Pretivm and Seabridge’s KSM deposits and is fully funded for exploration in 2020. Click Here For More Info

Gold continues to deliver strong relative performance and was up 7.31% on a year-to-date basis through Friday’s close. This compares to -20.96% for the S&P 500 Total Return Index.1 

AssetYTD1 YR3 YR*5 YR*
Gold Bullion7.31%24.33%9.07%6.32%
S&P 500 TR Index-20.96%-7.58%4.82%6.42%

* Average annual total returns. Bloomberg. Data as of Friday close, 3/27/2020.

Gold and precious metal equities have been collateral damage during this most recent market correction. The broader markets had become a tinder box with grossly elevated valuation metrics never seen before, coupled with an economy burdened by record amounts of leverage (government, corporate, personal) and widespread investor complacency. All that was required was a spark — enter COVID-19. The speed of the correction was historical. The February to March 30% drawdown was the fastest 30% drawdown of all time (Figure 1). 

For us at Sprott, the corresponding selloff in gold bullion and precious metal equities was not surprising. During violent broader market corrections, liquidity is priority number one. This time was no different as broader markets gapped down in response to the greatest demand shock in modern economic history. This resulted in many entities selling gold bullion to meet liquidity requirements that surfaced because of margin calls, and the shuttering of both credit and debt markets. This pattern is similar to what the market witnessed as the Global Financial Crisis (GFC) unfolded in 2008-2009. 

Figure 1. Feb.-Mar. 2020 Selloff was the Fastest 30% Drawdown in History
Measured by Number of Days

fig 1

Source: BofA Global Research, Bloomberg.

Gold Serves its Function as Portfolio Insurance

Before hypothesizing where we will go from here, it is important to highlight that gold bullion has served its function as portfolio insurance. Year to date through March 27, 2020, gold bullion has appreciated 6.84%, while the S&P 500 Index1 has declined 20.96%. At the same time, gold mining equities have not fared as well gold bullion, because during the early stages of a correction, gold stocks are first and foremost stocks; GDX2 was down 10.45% YTD. 

The GFC as Playbook

As we are seeing today, there was a material demand shock as the GFC unfolded, with demand across economies declining suddenly and sharply.  Although not a perfect analog, the GFC can serve as a playbook. As liquidity became paramount for many market sectors during the GFC, gold bullion was sold to meet liquidity requirements. From the beginning of 2008 to November 12, 2008 (gold bullion’s low price), the S&P 500 fell 41.11%, gold equities (GDX2) cratered 60.60% and gold bullion depreciated by a relatively modest 16.94%. Once the U.S. Federal Reserve (“Fed”) stabilized liquidity conditions, gold bullion and precious metals stocks generated superior absolute and relative returns. From November 12, 2008 to the end of 2009, gold bullion rallied 54.02% and GDX rebounded 138.20%. The S&P 500 declined another 20.62% from November 12, 2008, to its bottom in March 2009 and then appreciated 64.83% to year-end 2009.

Fed Announces Unlimited QE on March 23

This time around, the Fed and the U.S. federal government are pulling no punches. Initially the Fed said it would undertake various operations to provide market liquidity that could total $1.5 trillion. This would include purchases of treasuries across all maturities and repo market operations. President Trump then announced interest on student loans would be waived in addition to a moderate $50 billion emergency aid package. The Fed then announced another $700 billion quantitative easing program which would include purchases of municipal bonds.

This past week, the biggest bazooka of all time was pulled out of the Fed’s arsenal as it amended its previously announced QE program by removing limits on its asset purchases and adding corporate bonds to its list of eligible securities it can purchase. Finally, the U.S. announced a $2.3 trillion fiscal package. The package equates to 10.6% of US GDP. The total budget deficit is expected to widen to at least 11.5% of GDP, which are levels not seen since WWII. The package includes grants (hundreds of billions) and direct payments to taxpayers ($290 billion), both of which are forms of helicopter money.3

This is very good news for gold bullion and gold equities. There is an 80% correlation between the Fed’s balance sheet and the price of gold bullion. Similar to what occurred during the GFC, gold bullion should move first followed by gold equities (see Figure 2).

A Tailwind for Gold and Gold Stocks

This response has not been limited to the U.S. Globally, we are seeing central banks and governments deploying unprecedented amounts of monetary and fiscal stimulus in response to the economic fallout caused by Covid-19. All these actions should debase fiat currencies while providing a tremendous tailwind for gold bullion and gold equities.

We believe the table is set for a move in gold bullion and gold equities that could dwarf the second half of 2008.

Figure 2. Fed Balance Sheet vs. Price of Gold Bullion and Gold Equities

Fed Balance Sheet vs Gold

Source: Bloomberg. Data as of 3/27/2020. The red line represents reserve credit outstanding in $ trillions ($5.125 trillion as of 3/27/2020). The yellow line is the gold spot price based on GOLDS Comdty Index. The blue line is the price of gold mining equities represented by GDX.3

Tags: , , , , , , , , , , , ,
Posted in All Recent Posts, American Creek Resources Ltd. | Comments Off on Gold Continues to Prove its Safe Haven Status SPONSOR: American Creek $AMK.ca $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

There Is No Gold.’ Bullion Dealers Sell Out In Panic Buying SPONSOR: American Creek $AMK.ca $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca

Posted by AGORACOM at 10:56 AM on Thursday, March 26th, 2020

SPONSOR: 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. 2020 drilling plans 18,000 to 20,000 metres from 7-10 drill platforms with four diamond drill rigs. The Treaty Creek property is located in the same hydrothermal system as the Pretivm and Seabridge’s KSM deposits and is fully funded for exploration in 2020. Click Here For More Info

If you think gold GC00, +1.85% has jumped about 10% in a couple of days to $1,638 an ounce, the official price quoted on Wall Street, think again.

The real price? Nearer $1,800. If you can get it.

“There’s no gold,” says Josh Strauss, partner at money manager Pekin Hardy Strauss in Chicago (and a bullion fan). “There’s no gold. There’s roughly a 10% premium to purchase physical gold for delivery. Usually it’s like 2%. I can buy a one ounce American Eagle for $1,800,” said Josh Strauss. “$1,800!”

Major gold dealers have sold out of coins and gold bars amid panic buying as the U.S. economy plunges and the government agreed to a record $2 trillion emergency lifeline.

Kitco, the Canadian gold dealing giant, reported Wednesday that it was out of almost all standard one ounce gold coins. American Eagles and Buffaloes, issued by the U.S. Mint, were out of stock, it reported. Ditto Canadian “Maple Leafs,” issued by the Royal Canadian Mint, “Britannias” issued by the Royal Mint of Great Britain, and “Kangaroos” issued by Australia.

It was out of Krugerrands, issued by the South African government. Those are by far the most widely traded gold coins in the world.

Kitco did not immediately return an email for comment.

Read: Gold faces unique pricing, supply and delivery challenges amid COVID-19 shutdowns

“Due to extreme order volumes, please expect shipping delays of 15+ business days,” warned gold dealer JM Bullion.

Giant U.S. dealer Apmex admits Krugerrands are also out of stock. Deliveries of other coins, including Maple Leafs and Eagles, are delayed “due to extreme demand.” And it is charging a hefty premium for physical gold.

For a one ounce American Eagle: $1,788.

Meanwhile, over at the U.S. Mint, customer service reports they have Eagles available but to buy them direct will cost you $2,175. The media relations team could not immediately be reached.

Almost nobody on Wall Street has noticed the full price surge for actual gold bars and coins. That’s because financial traders mostly just deal in paper “contracts” for gold. Those are basically gold IOUs—a mere promise to deliver gold if the buyer ever wants.

Gold is among the most contentious financial topics around. It pits passionate true believers against total skeptics. People get heated and angry on both sides. Some say it is “the only true money.” Others call it little better than an unproductive superstition. The late British economist John Maynard Keynes called the gold standard, which pegged paper currency to the value of gold, a “barbarous relic” of a bygone age.

What should the average investor make of it? More critically, right now: Is there a case for putting holding some of your retirement account in gold? If so, how and how much?

“We’ve sold most of our gold as interest rates are rising and gold hasn’t liked that for a long time,” says Dennis Nolte, a financial adviser at Seacoast Bank. He adds: “As an asset class gold does best in certain environments, like declining interest rates. We like to own it tactically but not “all weather” as a core ETF (exchange-traded fund) or mutual fund holding.”

“We don’t view gold as a building block when constructing portfolios,” says Rob Greenman, a financial planner at Vista Capital Partners. “The hopes of appreciation are rooted in speculation—perhaps somebody is willing to pay more per ounce in the future versus the price per ounce today. Gold doesn’t produce any interest or earnings. We believe in building portfolios with mix of productive asset classes like stocks, real estate, and bonds around the globe.”

On the other hand, Thomas McCarthy, a financial planner at McCarthy & Cox, a firm that specializes in retirement planning and estates, says putting some of your retirement portfolio into gold isn’t crazy. “Gold can be a hedge against fear and holding a small 5% position of gold in an IRA or 401(k) (very few offer it) is not a bad hedge,” he says. “For clients looking to do so, we use a gold [exchange-traded fund] as opposed to actually buying the physical gold because its significantly less costly and easier to trade.”

But, he warns, “Investors in gold need to remember that gold doesn’t pay interest, doesn’t earn dividends and you make money only if the demand pushes the price higher. Many gold bugs who invested heavily in gold at its peak are still waiting many years later just to break even.”

There is no perfect answer because investing in gold ultimately requires someone else to want to buy it from you. It goes not generate income, like a stock or bond. And it’s not useful either—like food or, as people recently discovered, toilet paper.

Gold requires faith.

The good news? In this crisis you don’t have to choose one side definitely. You can be agnostic and keep your options open.

The events of the past month have upended the financial system. The Federal Reserve—and central banks overseas—have promised to print as much money as is needed to keep economies alive. The U.S. government has agreed to spend $2 trillion propping up the economy, and unless the crisis dissipates quickly that may not be the end of it.

Ordinarily, investors who wanted to protect their accounts from the twin perils of depression and inflation would look to appropriate Treasury bonds. But they are already extremely expensive by any historic measure, so they may offer limited protection. So-called “nominal” or regular Treasury bonds, the type most people own, now sport minuscule interest rates. Even the longest dated, 30 year Treasurys, yield just 1.4%. That is below most expected rates of inflation. Meanwhile Treasury inflation-protected securities or TIPS, a type of Treasury bond that is designed specifically to protect your money against any rise in consumer prices, now offer inflation-adjusted yields that are actually slightly negative. In other words, you’re almost guaranteed to lose a small amount of purchasing power over the life of the bond.

In these circumstances, gold ceases to look quite so crazy as portfolio insurance. There is genuine debate about whether gold offers a “long term hedge” against inflation. And no one actually knows what gold is “really” worth, if it is “really” worth anything. Intelligent, sane financial experts can make plausible cases for a range of values from a few hundred dollars an ounce to many thousands.

But gold makes more sense when viewed, not as an investment, but as a type of currency. It doesn’t produce anything, but it can be used as a medium of exchange. And history strongly suggests that it has a low correlation with other assets. In other words, it tends to “zig” when everything else zags.

It’s certainly done that under the current administration. Gold has risen by 38% since Donald Trump’s inauguration. Meanwhile the S&P 500 SPX, +3.85% index of large U.S. companies is up 13%, and the Russell 2000 RUT, +4.32% index of small U.S. companies is down 8%.

“The case for gold is simple,” says Strauss. “You want to own gold in times of financial dislocation and or inflation. And that’s been the case since time immemorial. And gold behaves well in those cases. In those cases stocks behave poorly. It’s a great portfolio hedge. Gold does poorly when you’ve got strong economic growth and low inflation. Tell me when that’s going to happen. Gold held its value during 2008 and after all that money printing it tripled over the next three years.”

Strauss recommends Sprott Physical Gold, PHYS, +1.41% an exchange-traded fund where shares are matched to actual bullion in a vault. He says he holds 25% of his personal wealth in gold. For those who are agnostics? “I think it’s criminal to go below 10%,” he joked, “but start with 5%.”

https://www.marketwatch.com/story/there-is-no-gold-bullion-dealers-sell-out-in-panic-buying-2020-03-25

Tags: , , , , , , , , , , , , ,
Posted in All Recent Posts, American Creek Resources Ltd. | Comments Off on There Is No Gold.’ Bullion Dealers Sell Out In Panic Buying SPONSOR: American Creek $AMK.ca $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca

American Creek $AMK.ca Announces Its JV Partner Tudor Gold Is Fully Funded for the 2020 Exploration Season at Its Flagship Project Treaty Creek Located in the Golden Triangle $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca

Posted by AGORACOM at 9:11 AM on Wednesday, March 25th, 2020

Cardston, Alberta–(Newsfile Corp. – March 25, 2020) – American Creek Resources (TSXV: AMK) (the “Corporation” or “American Creek”) is pleased to announce its partner Tudor Gold Corp. (TSXV: TUD) (FSE: TUC) (“Tudor Gold”) has sufficient funds to execute a significantly larger drilling and exploration program, than the 2019 program, on the Goldstorm Zone at Treaty Creek project this year. With the capital raised in December 2019, as well as the recent warrants exercises, the Tudor Gold has a good cash position to execute a fully funded and very ambitious drill program at Treaty Creek this year. Tudor Gold is currently in the final stages of finalizing all preparations needed for the upcoming 2020 drill program at Treaty Creek.

Tudor Gold’s Vice President of Project Development, Ken Konkin, P.Geo., states: “The Goldstorm system is currently open at depth and along the northeast axis of the mineralized body. The drill program is designed to extend and to explore the limits of Goldstorm system to the southeast as well as to the northeast and to depth. We anticipate drilling approximately 18,000 to 20,000 metres of HQ and NQ diameter core from 7-10 drill platforms with four diamond drill rigs. Compared to the drill program last year (14 diamond drill holes over 9,781.8 meters), the planned 2020 drill program will be much larger.”

The current known length of the northeast axis of the Goldstorm System is over 850 meters long and the southeast axis is at least 600m across. The system remains open in all directions and to depth. The best mineralization encountered to date is from the two consecutive 150m step-out holes to the Northeast: GS-19-42 yielded 0.849 g/t Au Eq over 780 m with 1.275 g/t Au Eq over 370.5m and GS-19-47 yielded 0.697 g/t Au Eq over 1,081.5m with 0.867 g/t Au Eq over 301.5m.

The best southeast extension came from GS-19-52 which yielded 0.783 g/t Au Eq over 601.5m intercept with 1.062 g/t Au Eq over 336.0m intercept. (results from the company’s NR dated March 3rd, 2020).

Tudor Gold response to COVID-19:

Tudor Gold has introduced additional precautionary steps to manage and respond to the risks associated with COVID-19 virus. This includes, for example the cancellation of all non-essential global travel and the reducing in person meetings and transitioning to teleconferencing where possible. Vancouver office staff are now working from home until government advisories change.

Tudor Gold is regularly monitoring the situation and following local and national health authority requirements and recommendations.

Walter Storm, President and CEO of Tudor Gold stated: “We are taking all appropriate measures to protect the safety, health and well-being of our people and all those who interact with our business. Tudor Gold is following guidance and directives as updated by federal, regional and provincial health authorities in respect of general and drill-site specific protocols. We are very fortunate to have a strong balance sheet amidst the volatile market created by COVID-19.”

Qualified Person

The Qualified Person for this news release for the purposes of National Instrument 43-101 is the Company’s Vice President of Project Development, Ken Konkin, P.Geo. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

Treaty Creek JV Partnership

The Treaty Creek Project is a Joint Venture with Tudor Gold owning 3/5th and acting as operator. American Creek and Teuton Resources each have a 1/5th interest 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 rides”.

Treaty Creek Background

The Treaty Creek Project lies in the same hydrothermal system as Pretium’s Brucejack mine and Seabridge’s KSM deposits with far better logistics.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/682/53763_07331b7734267a38_001.jpg



The Sulphurets Hydrothermal System

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/682/53763_07331b7734267a38_001full.jpg

About American Creek

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 Triangle”; the Treaty Creek and Electrum joint venture projects with Tudor Gold/Walter Storm as well as the 100% owned past producing Dunwell Mine.

More information about the Treaty Creek Project can be found here: https://americancreek.com/index.php/projects/treaty-creek/home

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

Tags: , , , , , , , , , , , , ,
Posted in All Recent Posts, American Creek Resources Ltd. | Comments Off on American Creek $AMK.ca Announces Its JV Partner Tudor Gold Is Fully Funded for the 2020 Exploration Season at Its Flagship Project Treaty Creek Located in the Golden Triangle $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca

Sprott Gold Report – Point of No Return SPONSOR: American Creek Resources $AMK.ca $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca

Posted by AGORACOM at 11:49 AM on Friday, March 20th, 2020

SPONSOR: American Creek owns a 20% Carried Interest to Production at the Treaty Creek Project in the Golden Triangle. 2019’s first hole averaged of 0.683 g/t Au over 780m in a vertical intercept. The Treaty Creek property is located in the same hydrothermal system as the Pretivm and Seabridge’s KSM deposits. Click Here For More Info

Credit Deflation and Gold

Gold and precious metals mining shares are casualties of panic selling across all financial markets. The scenario is similar to what happened in 2008 during the global financial crisis (GFC). When the general selling exhausted itself in late 2008, gold and mining shares delivered superior absolute and relative performance for the following three years. We believe that this pattern is likely to repeat following this sell-off.

While COVID-19 outbreak is grabbing the headlines, the far bigger story is the deflation of financial assets that it has triggered and the resulting loss of investment confidence. Markets that had been priced for perfection must now reckon with a likely recession, soaring fiscal deficits and the very real possibility of a sustained bear market.

In our opinion, even though the economy will recover from the downturn and the health scare will prove to be temporary, financial asset valuations are unlikely to return to pre-crash manic levels. In mid-February, the Wilshire 5000 Stock Index1 traded at approximately 145% to gross domestic product (GDP),2 its second highest level since 1950, and only slightly below the 2000 peak (see Figure 1). At this writing, the ratio has fallen to 114% (as of 3/17/2020), which is still very expensive by historical standards. Valuations are driven by investor psychology, leverage and the liquidity necessary to support leverage. All three may have been critically impaired for the near to intermediate term.

Figure 1. Total U.S. Corporate Equities and U.S. GDP (1950-2020)

Source: AdvisorPerspectives.com. Data as of 3/3/2020.

Gold Will Continue to Do its Job

If financial assets struggle, interest in gold is very likely to widen. Gold may have been caught up in the recent stampede for liquidity, but it has delivered good relative performance on a year-to-date basis; gold bullion is up 0.73% as of March 17, compared to -25.17% for the S&P 500 Index.3 The 12-month figures (as of 3/17/2020) are even more impressive: gold has returned 17.19% vs. -8.54% for the S&P 500.

On a peak-to-trough basis for the last few weeks, gold has declined roughly 12%. Other safe haven assets have experienced the same pressure. For example, the yield on 30-year U.S. Treasury bond rose from less than 1.0% to 1.5% in only a few days, a drawdown of more than 30%. What this shows is that quality assets will be sold by portfolio managers desperate to reduce leverage. Low-grade assets cannot be sold quickly enough to meet margin calls.

It was leverage that inflated valuations, not fundamental economic growth and strong year-over-year earnings. In fact, corporate pre-tax profits have been declining since Q3 2014. Figure 2 shows pretax profits on a quarterly basis since 2014.

Figure 2. U.S. Corporate Pre-Tax Profits Have Been Declining ($Billions)

Source: Federal Reserve Bank of St. Louis Economic Research. Data as of 3/16/2020. 

The illusion of earnings growth that has captivated investor psychology was achieved through share buybacks and increased leverage. Growth of earnings per share, not the same as profit growth, has been juiced by financial engineering. The same can be said for returns on financial assets. The amount and location of leverage within the economy and financial markets is opaque but may well have reached high tide for many years. A post-recession economic recovery will not necessarily, and does not have to, translate into strong returns from investing in financial assets.

Global Debt Has Increased +100% Since 2007

In popular thinking, the current U.S. administration, or the one that follows it, will pull every trick out of the bag to stimulate the economy. This belief will likely excite investors from time to time in anticipation of a rebound. Unfortunately, the financial markets are experiencing a deflationary bust that could spread to general economic activity. Public policy has all but exhausted the potential benefits of resorting to traditional monetary and fiscal solutions. The marginal benefit to economic growth from heaping on new layers of debt is capped by the law of diminishing returns, as shown by Figure 4 from Rosenberg Economics. Since 2007, global debt increased 110% vs. 46% for global GDP:

Figure 3. Global Debt vs. Global GDP ($ Trillions)

Source: Rosenberg Economics. Data as of 12/31/2019.

Central banks have few conventional tools remaining to combat credit deflation. An impotent response can be expected from new rounds of monetary stimulus, rate reductions or central bank balance sheet expansion. Global debt, public and private, measures 287% vs. global GDP ($244 trillion divided by $85 trillion). The debt burden will most assuredly grow, a post coronavirus rebound notwithstanding. The world’s debt structure is already incapable of withstanding even a minute rise in rates. More debt relative to GDP will only make matters worse. All that remains is currency destruction.

Gold has been rising for the past eighteen months side by side with a strong stock market and no inflation. Conventional wisdom said that wasn’t supposed to happen. As shown in Figure 4, gold has outperformed equities and bonds since 2000, the dawn of radical monetary experimentation by central bankers. We think gold has been sensing the endgame for Keynesian policy prescriptions, mainstream economic thinking and hyper-leveraged investment practices.

Figure 4. The Modern Era of Gold
Gold Bullion vs. Stocks, Bonds, Oil, USD (2000-2020)

For the period from 12/31/1999 to 3/16/2020, gold has provided posted an average annual return of 8.55%, compared to 5.44% for U.S. bonds, 4.44% for U.S. stocks, 0.57% for oil and -0.19% for the U.S. dollar. 

Source: Bloomberg. Period from 12/31/1999 –3/16/2020.4

Gold Miners are Poised to Perform

During the 1930s credit deflation, gold and gold mining stocks performed well in relative and absolute terms. When credit deflates, and counterparties cannot be trusted, gold is the ultimate safe asset. In the 1930s, the metal price rose, costs of producing gold declined and the miners generated strong earnings and paid handsome dividends. We believe that this is a sequence that will repeat.

At the moment, mining company valuations appear extraordinarily cheap. It is one of the few industries that will report solid year-over-year earnings gains for the remainder of this year and perhaps into the next. 

Buying low is never easy but now is the time to do it.

https://sprott.com/insights/sprott-gold-report-point-of-no-return/?

Tags: , , , , , , , , , , , , , ,
Posted in All Recent Posts, American Creek Resources Ltd. | Comments Off on Sprott Gold Report – Point of No Return SPONSOR: American Creek Resources $AMK.ca $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca

« Older Entries
Newer Entries »