Posted by AGORACOM
at 4:00 PM on Tuesday, March 17th, 2020
Sponsor: Affinity Metals Corp. (TSX-V: AFF) is 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 where Affinity Metals is making preparations for a spring drill program to test two large Z-TEM anomalies. Click Here for More Info
Gold hasn’t been such a terrific hedge of late against the turmoil from the coronavirus pandemic that has upended financial markets.
Over the last month, gold futures GC00, 3.014% have retreated by 5%. While that’s a long way better than the 28% decline in the S&P 500 SPX, 5.485%
, it trails the performance of other assets that are perceived as safe,
such as government bonds. The iShares 7-10 Year Treasury Bond ETF IEF, -2.167% , for instance, is up 7% over the last four weeks.
But where gold is looking lustrous is relative to silver SI00, -0.593% .
According to Marshall Gittler, head of investment research at
BDSwiss, the ratio of gold to silver is the highest it’s been for 5,120
years.
Yes there’s data back into Pharaoh Menes’ time in ancient Egypt, when
the ratio was a more modest 2.5, and it was 6 in King Hammurabi’s day
in Babylon.
On Monday the ratio reached nearly 124. On Tuesday morning, the ratio slipped to 119.
Gittler said the best correlation he has found is with the 10-year
U.S. breakeven inflation rate — but the gold-to-silver ratio goes up
when inflation expectations are down.
“Lower expected inflation would mean a) central banks cut their
policy rates, and lower interest rates tend to boost the gold price, and
b) lower expected inflation probably stems from lower expected economic
activity, which might imply less industrial demand for silver –
although I must admit I couldn’t find a clear link between industrial
activity and the price of silver,†he writes.
Aakash Doshi, an analyst at Citi, also pointed to that connection with expected inflation.
“Even as the excessive collapse in inflation breakevens may be viewed
as a headwind for gold upside, the yellow metal should outperform
silver in a deflation and growth shock scenario,†he said.
Posted by AGORACOM
at 11:35 AM on Thursday, March 12th, 2020
Sponsor: Affinity Metals Corp. (TSX-V: AFF) is 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 where Affinity Metals is making preparations for a spring drill program to test two large Z-TEM anomalies. Click Here for More Info
With silver one hundred times cheaper than gold, the
silver-gold-price ratio is close to an all-time high. The obvious trade
is to sell gold and buy silver, says Dominic Frisby. But is that a wise
move?
Silver’s value has plummeted since it stopped officially being money
A friend sent me a screenshot from his phone earlier in the week. It
showed the gold price at $1,666/oz and silver at $16.66/oz. In other
words an ounce of gold is 100 times the price of an ounce of silver. Or,
to use the correct terminology, the gold-silver ratio has gone above
100 – which is almost unheard of.
According to my data, the gold-silver ratio has only ever gone above
100 once before. It didn’t happen in the financial crisis of 2008, the
dotcom crash of 2000, or the Long Term Capital Management Fund Crisis of
1998. It happened in 1991. Silver was $3.50/oz at the time and gold
was, of course, $350. (Actually, it was closer to $370 and the ratio
touched 105).
Apart from 1991 the ratio has never been as high as it was on Monday.
Not once in history. It’s one of the extraordinary extremes that the
coronavirus panic has caused.
The obvious trade here is to sell gold and buy silver. But on the
basis of ratios alone, you should also be selling gold and buying oil,
base metals, stocks, just about anything. To be clear, now is not the
time to be selling gold, particularly with all the fiscal stimulus
that’s coming.
A gold-silver ratio of 15 is but a distant memory
The gold-silver ratio is an odd one. Really, it should be somewhere
around 15. Silver is only 15 times as abundant as gold – there is about
15 times more silver in the earth’s crust as there is gold.
And, historically, the relative price of the two ranged between
around 15 and 20. Until 1875 the USA was a bi-metallic standard – both
silver and gold were money, in other words – and the exchange rate
between the two metals was 15, more or less.
However, in the 20th century, as we all know, countries abandoned
their ties to gold and silver and so money and metal went their separate
ways. That ratio of 15 has become an ever-more distant memory.
It did hit 15 briefly in 1981 as the Hunt Brothers tried to corner
the silver market. But this was an extraordinary situation. It wasn’t
typical. The typical broader trend is that silver is losing its value
relative to gold.
One day we will get back to 15, say the most diehard silver bugs.
This was something I was convinced of in the ardent silver-fanatic days
of my investment youth. I’m not so convinced today.
In fact, you could go one stage further. The gold-silver ratio should
be lower than 15. Silver gets used, gold does not – all the gold that
has ever been mined, pretty much, still exists somewhere. But silver,
with its numerous industrial applications, gets consumed. The ratio
between the two should be closer to ten. And yet here we are with that
ratio ten times higher – and silver ten times too cheap.
The sad fact for silver bugs is that since silver no longer has any
official monetary use, its relative value has plummeted. Some blame
shenanigans on futures exchanges for the low price of silver – I blame
the evolution of money.
Is the world going to go back to some sort of metallic standard as a
result of coronavirus? I doubt it. Money is getting more and more
digital; metal is too physical. But I can see one scenario where it
might.
Get ready for epic debasement
The authorities’ reaction to the crisis will be to debase currency:
slashing rates (we got a dose of that from the Bank of England just this
morning), bailouts, money printing (which will be given some new name
that is even more obfuscatory than quantitative easing), infrastructure
spending (I gather the chancellor is to announce plenty of that in his
Budget later today).
Gold bugs have long been waiting for that loss-of-faith moment when
faith in fiat money will be lost. Might all the monetary manipulation
that is already in place be the long-awaited trigger? The ensuing loss
of faith sees us going back to metal.
It’s a possibility, I suppose, but I think I’m too long in the tooth to see that really happening.
I own some silver. I love silver. I don’t think it’s a bad thing to
be holding in this time of crisis. If it wasn’t so “precious†it would
have been dragged down a lot more – like energy and base metals. It’s
certainly cheap. But so are a lot of other things at the moment.
The gold-silver ratio hit a low at 30 in 2011 when silver touched
$50. It has been in an uptrend ever since. Plenty of us – me included –
have tried to call the top in the ratio and it has kept grinding higher.
The likelihood is that it will pull back a little from the extremes,
perhaps even as far as the 80s. But the reality of our modern fiat age
is that, as far as the gold-silver ratio is concerned, it will take a
fairly extreme change in circumstances for us even to get back to 50. 50
is the new 15.
Sell gold and buy silver as a trade, by all means, but make sure you
reverse the trade – or at least start moving up the stops if we ever get
back to the 80s, 70s or 60s.
Posted by AGORACOM
at 2:09 PM on Wednesday, March 11th, 2020
Sponsor: Affinity Metals Corp. (TSX-V: AFF) is 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 where Affinity Metals making preparations for a spring drill program to test two large Z-TEM anomalies at its Regal Property. Click Here for More Info
Gold is testing its previous 2020 highs, but silver plunged anyway, which created a very special situation. Namely, the gold to silver ratio just jumped to the 100 level.
This may not seem like a big deal, because ultimately people buy
metals, not their ratio, but it actually is a huge deal. This ratio is
observed by investors and traders alike, as it tends to peak at the
market extremes. Moving to the 100 level might indicate that we are at a
price extreme. But what kind of extreme would that be if silver is
declining while gold moved up?
Let’s take a closer look at the gold to silver ratio chart for details.
In early July 2019, the gold to silver ratio topped after
breaking above the previous highs and now it’s after the verification of
this breakout. Despite the sharp pullback, the ratio moved back below
the 2008 high only very briefly. It stabilized above the 2008 high
shortly thereafter and now it’s moving up once again.
It previously moved up relatively slowly, but it jumped to new highs last week and today.
Anything after a breakout is vulnerable to a quick correction to
the previously broken levels. On the other hand, anything after a
breakout that was already confirmed, is ready to move higher and the
risk of another corrective decline is much lower.
The most important thing about the gold and silver ratio chart to
keep in mind is that it’s after a breakout above the 2008 high and this
breakout was already verified. This means that the ratio is likely to
rally further. It’s not likely to decline based on being “high†relative
to its historical average. That’s not how breakouts work.
The breakout above the previous highs was verified by a pullback
to them and now the ratio moved even higher, just as we’ve been
expecting it to.
The true, long-term resistance in the gold to silver ratio is at
about 100 level. This level was not yet reached, which means that as
long as the trend remains intact (and it does remain intact), the 100
level will continue to be the likely target.
We’ve been writing the above for weeks (hence we formatted it with
italics), despite numerous calls for a lower gold to silver ratio from
many of our colleagues. And our target of 100 was just hit today. It was
only hit on an intraday basis, not in terms of the daily closing
prices, but it’s still notable.
We had been expecting the gold to silver ratio to hit this extreme
close or at the very bottom and the end of the medium-term decline in
the precious metals sector – similarly to what happened in 2008.
Obviously, that’s not what happened.
Instead, the ratio moved to 100 in the situation where gold rallied,
likely based on its safe-haven status, and silver plunged based on its
industrial uses.
Despite numerous similarities to 2008, the ratio didn’t rally as much
as it did back then. If the decline in the PMs is just starting – and
that does appear to be the case – then the very strong long-term
resistance of 100 might not be able to trigger a rebound.
It might also be the case that for some time gold declines faster
than silver, which would make the ratio move back down from the 100
level. The 100 level could then be re-tested at the final bottom.
Or… which seems more realistic, silver and mining stocks could slide
to the level that we originally expected them to while gold ultimately
bottoms higher than at $890. Perhaps even higher than $1,000. With gold
at $1,100 or so, and silver at about $9, the gold to silver ratio would
be a bit over 120.
If the rally in the gold to silver ratio is similar to the one that
we saw in 2008, the 118 level or so could really be in the cards. This
means that the combination of the above-mentioned price levels would not
be out of the question.
At this time, it’s too early to say what combination of price levels
will be seen at the final bottom, but we can say that the way gold
reacted recently and how it relates to everything else in the world,
makes gold likely to decline in the following months. Silver is
likely to fall as well and its unlikely that a local top in the gold to
silver ratio will prevent further declines.
Posted by AGORACOM
at 10:02 AM on Tuesday, March 3rd, 2020
Affinity Metals Corp. (TSXV: AFF) (“Affinity” or the “Company“) announces that it has closed the first tranche (the “First Tranche“) of its non-brokered private placement (the “Offering“)
previously announced on February 6, 2020. Under the First Tranche, the
Company has issued 1,960,000 units for gross proceeds of $392,000. No
finder’s fees were paid in connection with the First Tranche.
All
securities issued under the First Tranche are subject to a hold period
expiring June 29, 2020, in accordance with applicable securities laws
and the policies of the TSX Venture Exchange.
A company owned by Sean Pownall, a director of the Company (the “Insider“),
participated in the private placement and purchased 625,000 units for
aggregate gross proceeds of $125,000. Participation by the Insider in
the private placement is considered a “related party transaction”
pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“).
The Company is exempt from the requirements to obtain a formal
valuation and minority shareholder approval in connection with the
Insider’s participation in the private placement in reliance of sections
5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that
participation in the Offering by the Insider did not exceed 25% of the
fair market value of the Company’s market capitalization The Company did
not file a material change report at least 21 days prior to the First
Tranche closing of the Offering as participation of the Insider had not
been confirmed at that time.
This
news release does not constitute an offer to sell or a solicitation of
an offer to buy any of the securities in the United States of America.
The securities have not been and will not be registered under the United
States Securities Act of 1933 (the “1933 Act”) or any state securities
laws and may not be offered or sold within the United States or to U.S.
Persons (as defined in the 1933 Act) unless registered under the 1933
Act and applicable state securities laws, or an exemption from such
registration is available.
About Affinity
Affinity
is a Canadian mineral exploration company focused on advancing the
Regal polymetallic project located near Revelstoke, British Columbia,
Canada.
Information related to the Company and the Regal project can be found on the Company’s website at:www.affinity-metals.com.
On behalf of the Board of Directors
Robert Edwards CEO and Director of Affinity Metals Corp. The Company can be contacted at: [email protected] or by phone at 604-227-3554.
Posted by AGORACOM
at 11:56 AM on Friday, February 21st, 2020
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. Click Here for More Info
Silver is a precious metal with approximately 50% of the demand coming from industrial uses.
It is a “high beta†play on the gold price, more sensitive to global growth and the inflation expectations.
I’m on record for a quite bullish call in gold one year ago. As of today, gold trades approximately 20 % or 300 USD higher.
In March 2019, I also tweeted that the
silver/gold ratio probably made a low and that I expect silver to at
least reach 20 USD in 2019. I was slightly too optimistic, silver made
“only†30 % and hit 19.75 USD.
I have a new strong opinion I would like to share with you.
Silver is a precious metal with approximately 50% of the demand
coming from industrial uses. It is a “high beta†play on the gold price,
more sensitive to global growth and the inflation expectations.
The relationship to gold in more detail: at the beginning of a new
up cycle in precious metals, silver in general lags gold. Later in the
cycle (especially at the end of a certain cycle) silver massively
outperforms gold. After the peak, silver starts to underperform again.
After spending quite some time doing research, today’s situation in
silver looks similar like late 2003 (blue arrow). But here are my
observations:
“History doesn’t repeat itself, but it often rhymes.†– Mark Twain
The a-b-c is a typical bottoming process, with a retest of the lows
(c), a price compression and a well-defined breakout (blue trendline).
During this initial stage, silver rather underperforms gold (see 1 and 2
in the silver/gold ratio).
Later silver consolidates above the 200-week moving average (blue
box), pullbacks finding support at the moving average, exactly like in
2003. Meanwhile, the moving average flattens and even turned upward.
The silver/gold ratio also put in a possible bottom and is close to breaking the dashed blue trendline (yellow box).
If things repeat in a similar way, expect a huge up move in silver
soon. A repeat of 2003-2004 would imply roughly 50 % upside within this
year.
How I play it:
I already have a position in silver, I will increase the position if
silver is able to break and hold above 18.12 USD = higher low. (further
confirmation if gold miners break out and the silver/gold ratio breaks
the downward sloping trendline)
Below 17.48 USD I reduce my position and stay rather defensive until silver is showing strength again.
I personally use futures and I will probably add a call option
(strike 18 USD; March 2021). For most people, a ETF like SLV is probably
a good way to participate.
A word of caution:
First, bold predictions often fail. The above mentioned is just my opinion (as of today).
Further, history is only a guide. The move may take place later, is
not as explosive as in 2003-2004 or will not take place at all.
I see a possibility that the recent virus in China has a quite
negative impact on global growth and on inflation expectations
(S&P500 doesn’t believe it, but copper and oil do). A severe outcome
would probably delay this trade setup. Remember, silver is very
sensitive to inflation expectations.
As already stated, just my opinion and not investment advice. Please
do your own analysis. Investing/trading involves substantial risk of
loss and is not suitable for all people.
Posted by AGORACOM
at 3:17 PM on Friday, February 14th, 2020
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. Click Here for More Info
Silver has fared better than some of its metal peers against the
backdrop of a disease-threatened global economy, in part because of its
dual role as both a precious and industrial metal.
“The monetary value of silver underpins the vast majority of its
price, and if the metal had only industrial demand working for it, the
price would be under $5 an ounce,†says Gold Newsletter editor Brien
Lundin. “Silver’s precious side means it will outperform industrial
metals in the months ahead.â€
Futures prices for silver, which settled at $17.497 an ounce on Feb.
12, have fallen by more than 2% this year. Silver hasn’t done as well as
gold, which has seen futures prices rise by roughly 3% over the same
period.
Gold has “risen on the back of monetary concerns, but that trend has
been obscured by two geopolitical events,†Lundin says: the U.S.
“dustup†with Iran following the U.S. airstrike that killed Iranian General Qassem Soleimani, and the coronavirus outbreak. Gold rallied on these geopolitical concerns,
then fell as fears subsided. “Unfortunately for silver, that rising
trend has not been clear enough to prompt speculators to bet on silver
along with gold,†he says.
Still, silver has been spared the steeper declines experienced by other industrial metals, such as copper, which has fallen 7% this year.
China is the world’s second-largest consumer of silver after the
U.S., and “the enhanced uncertainty in China surrounding the coronavirus
fears is taking a toll on silver prices,†says Matthew Miller, an
equity analyst at CFRA Research.
“While weaker industrial demand is likely to remain a headwind, CFRA
predicts continued appreciation in safe havens in 2020, and we see a
high probability that silver will outperform gold,†he adds.
This year, the market is likely to see continued growth in physical
silver investment and in the commodity’s use as an industrial metal,
according to The Silver Institute’s recently released views on the 2020
global silver market. “There will be times when silver will have to
contend with issues, such as the current health crisis in China, which
could hit that country’s economy hard,†the institute says.
However, silver’s use as an industrial metal accounted for just over
half of total global demand in 2019, and growth in the metal’s
“industrial offtake†is expected to resume this year, following two
years of marginal losses, the institute says. It sees a 3% rise in
silver industrial demand in 2020, with the electrical and electronics
sector accounting for the bulk of the gains.
Meanwhile, investment in physical silver, in the form of silver
bullion coins and bars, is set to climb for a third consecutive year,
the institute adds.
“The international silver market is poised to experience higher
silver prices in 2020, even coming off the 4% increase in 2019,†says
Michael DiRienzo, executive director of the Silver Institute, which
pegged the 2019 average at $16.21, based on the London Bullion Market
Association silver price. Last year, a marked shift toward looser
monetary policies—as the U.S.-China trade war fed concerns about the global economic outlook—underpinned silver, the institute says.
The institute projects this year’s average silver price at $18.40,
which would mark a 13% rise from 2019 to a six-year high. “We base this
on current global economic health and geopolitical uncertainties
throughout important economies,†DiRienzo says. “Buttressing this
forecast…is a return to silver industrial demand growth, coupled with a
robust increase of 7% in silver physical investment.â€
Posted by AGORACOM
at 2:25 PM on Thursday, February 13th, 2020
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. Click Here for More Info
Whilst it must be frustrating for Precious Metals sector investors to
watch Tech stocks continuing to “shoot the moon†while PM stocks have
mostly done nothing, the chart presented below suggests that this
situation won’t persist for much longer.
The 7-month chart for GDX shows it probably completing the Handle of a
sizeable Cup & Handle continuation pattern. GDX has stayed above
the support level shown as the Handle of the pattern has formed, which
has allowed the earlier overbought condition at the start of the year to
unwind and moving averages to catch up. Volume has eased over the past
several weeks which is also a positive sign.
With respect to the timing of the next upleg, the valid Bowl pattern
also drawn on the chart helps, for it shows that the price has
consistently found support at the Bowl boundary since it started to form
last August, and now that it is at it again, with the Handle of the Cup
& Handle looking about complete, the time for a new upleg to start
is believed to be at hand.
The longer-term 18-month chart for GDX shows what is meant by
labeling the Cup & Handle as a “continuation pattern†rather than a
Cup & Handle base, which of course follows a drop, for as we can see
it has formed at a higher level following the steep runup last Summer.
Calling it a continuation pattern means that it is believed to be a
consolidation pattern that will lead to renewed advance. While it is
expected to break to the upside shortly it should be noted that it would
be an unwelcome development if it should drop below the low of the
Handle, and also that a breach of the support shown at the lows of the
pattern would be a seriously bearish development, although it is
considered much more likely that it will soon break to the upside.
So, with the price at the right side of the Cup &
Handle pattern, at the support of the Bowl boundary, at the rising
50-day moving average and at an important support level the time appears
to be nigh for a new upleg to begin. In addition, the
Bollinger Bands (not shown) are pinched together quite tightly
suggesting that a big move is imminent and the dollar is in position to
reverse to the downside after a run.
Posted by AGORACOM
at 7:16 PM on Tuesday, February 11th, 2020
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. Click Here for More Info
A recent survey of central banks showing 54% of respondents expect global holdings to climb in the next 12 months.
A major gold-buying spree by central banks is likely to persist in the coming years, according to Australia & New Zealand Banking Group Ltd., which flagged the potential for further purchases by nations including China.
“In the current environment, where uncertainty in emerging-market
currencies is high, we see good reason for countries like Russia,
Turkey, Kazakhstan and China to continue to diversify their portfolios,â€
ANZ said in a note on Tuesday. Net buying by the sector is likely to
stay above 650 tons, it said.
Central-bank accumulation of bullion has emerged as a
increasingly important trend in the global market, offering additional
support for prices that have rallied to the highest level since 2013 on
rising demand. Authorities have been adding to reserves as growth slows,
trade and geopolitical tensions rise, and some nations seek to
diversify away from the dollar. Official purchases now account for about
10% of worldwide consumption, according to ANZ.
“The
People’s Bank of China holds nearly 1,936 tons of gold, which equates
to only 3% of its total foreign reserve holdings, giving the country
plenty of room to increase its allocation,†ANZ said. China’s central
bank expanded bullion reserves again in July, pressing on with a run that stretches back to December.
Spot gold traded at $1,531.45 an ounce on Tuesday after touching $1,555.07
on Monday, the highest in more than six years. The metal has surged 19%
this year as the trade war flared up, bond markets signaled that a U.S.
recession may be on the horizon, and the Federal Reserve cut rates.
‘Room to Run’
Central-bank
accumulation of gold “has further room to run,†Deutsche Bank AG said
in a report, citing factors including a gradual migration of reserve
assets away from the dollar. “The stability of central-bank demand
should help to bias gold prices higher over longer time frames.â€
Goldman
Sachs Group Inc. also put the spotlight on the same trend as the bank
outlined its bullish stance on gold this month. “Central banks in
emerging markets are buying gold,†Jeff Currie, global head of
commodities research, told Bloomberg Television. “Why? Because they
don’t want to own dollars with sanction risk, geopolitical risk,
trade-war risk out there.
Central banks added 374.1 tons in the first six months,
helping push total bullion demand to a three-year high, according to the
World Gold Council.
The trend is expected to continue, with a recent survey of central
banks showing 54% of respondents expect global holdings to climb in the
next 12 months.
Posted by AGORACOM
at 12:35 PM on Thursday, February 6th, 2020
Vancouver, British Columbia–(Newsfile Corp. – February 6, 2020) –
Affinity Metals Corp. (TSXV: AFF) (“the Corporation”) (“Affinity”) today
announced that it will be offering on a non-brokered private placement
basis (“the Offering”) up to 5,000,000 units (“Units”) at a price of
$0.20 per Unit for proceeds of $1,000,000 if the Offering is fully
subscribed.
Each Unit consists of one common share of the Corporation (“Common
Share”) and one non-transferrable Common Share purchase warrant
(“Warrant”). Each Warrant may be exercised for one additional Common
Share at a price of $0.30 for a period of 24 months from the closing
date of the Offering.
The securities will be offered to qualified purchasers in reliance
upon exemptions from prospectus and registration requirements of
applicable securities legislation.
Insiders may participate in the Offering. A finder’s fee in cash or
shares may be paid to arm’s length finders in relation to this Offering.
This private placement financing is subject to approval by the TSX
Venture Exchange.
About Affinity
Affinity is a Canadian mineral exploration company focused on
advancing the Regal polymetallic project located near Revelstoke,
British Columbia, Canada.
Information related to the Corporation and the Regal project can be found on the Corporation’s website at:
Posted by AGORACOM
at 11:50 AM on Tuesday, February 4th, 2020
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. Click Here for More Info
Well Known Big Investors Are Now Buying Gold As central banks continue to go wild, the list of well known investors who are buying and recommending gold continues to grow.
As Ronald-Peter Stöferle, author of the “#InGoldWeTrust†report and a fund manager for #Incrementum
was kind of enough to join me on the show and discuss. Ronni talks
about how while gold has been reaching all time highs in many #currencies around the globe, it’s now even starting to rally in #dollar terms.
And with low or even #negativeinterestrates prevailing around the globe, the appeal of gold is shining brighter than ever.
He also provides updates on the #inflation warning he issued late last year, why #centralbanks continue to buy gold, what #investors
can expect in this year’s version of his highly sought after “In Gold
We Trust Report,†and a few of the gold companies he’s an advisor to.
So to hear a #goldmarket update from one of the most well informed and connected gold investors on the planet, click to watch the interview now! – To get access to Ronni’s “In Gold We Trust
