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@lukejackson Fed could allow higher inflation as interest rates remain low, papers suggest https://www.wsj.com/articles/fed-could-allow-higher-inflation-as-interest-rates-remain-low-papers-suggest-1490241662 $GOLD
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@dirkdiggler OT.....how about $gold tonight.
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@anomalloy fyi, ditto @dirkdiggler except I only got as far as the other side of the Rockies. So Alta bro, check out that $PG 4th qtr. First quarter full production above guidance, expenses below estimates, and I don't think its built into the price. Could be some activity on it tomorrow. #gold 3ninjapicks @newswire/premier-gold-mines-reports-2016-fourth-quarter-and
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@investorwannabe Who knows. I am surprised that $gold is still trading around $1200 given all the geopolitics, trade issues, global debt burden, creation of fiat currencies from thin air, negative real rates, overvalued bonds, equities and real estate, etc. maybe gold is no longer the safe haven it once used to be or maybe it will not perform until all the 'alternatives' crash in value or become somehow uninvestable, I don't know. It could be that the POG is indeed 'manipulated' by 'someone' and the longer this goes on, the more it frustrates hard asset investors and goldbugs.
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@investorwannabe then again, if you look at $gold relative to other commodities, one cannot really say that it has underperformed... it's the other asset classes relative to which gold has not fared that well since the previous highs.
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@MiningBookGuy Teranga Gold: Profitable & Growing Gold Producer in Africa https://www.youtube.com/watch?v=WLgJQbYN0ww+ $TGZ #gold #WestAfrica #PDAC #PDAC17 #PDAC2017 #commodity-tv
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from ~aufrica,
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@Excelsior $SAND $SSL Sandstorm Acquires 22 #Royalties In First Quarter Friday March 24, 2017 - #Gold #Silver #Copper #Diamonds #Streaming and #royalty company Sandstorm Gold Ltd. says it acquired 22 net-smelter-return royalties during the first quarter for $1.9 million. The assets include royalties on development-stage, advanced exploration-stage and exploration-stage projects located in Canada, Mexico and Peru. "The collection of royalties that we have acquired so far in 2017 have added exploration potential in stable jurisdictions, increasing the optionality in our portfolio, which is now up to 155 streams and royalties," said Nolan Watson, president and chief executive officer. “We have over $30 million in cash and $110 million available on our revolving line of credit, and we are working diligently to continue deploying our capital into accretive acquisitions that will add value to shareholders." http://www.kitco.com/news/2017-03-24/Gold-Silver-Mining-Daily-News-Briefs.html
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@EpsteinResearch $NIM CEO Peter Espig acquired shares at 18.5c in the open market yesterday, March 23rd. #copper #gold #silver His last purchase prior to that was at 24c/share. He's bullish and not overly price sensitive. Near-term catalysts Thule Copper drilling.... working off of a recent blockbuster hole, 86 m at 1.11% Cu. $NIM sponsors my website. Here's my latest piece on Nicola Mining... http://EpsteinResearch.com/2017/03/09/NICOLA-mining-3-company-makers-in-1/ Please consider signing up for free updates while at my site. Thanks.
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@Goldfinger Agree @allan, and another thing is if a company like $RIO spent $2 billion on an acquisition in the $uranium sector they would have to answer to lots of shareholders who would ask "why are you spending money on a dying sector?"...if it didn't work out heads would roll. Most people don't understand that when you're an executive at a multi-billion dollar company making millions a year the goal is mainly to not f*c# up, why make a risky move? Steady as she goes and make sure you check all the boxes and cross all your Ts. Nobody wants to risk their pay package and cushy retirement plans. Shareholders end up getting mediocre performance and drastically overpaying for first level thinking executive management. See all senior $gold producers in the last decade for examples of this... $ABX $GG $NEM
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@EpsteinResearch @awgiddens, $NIM #copper #gold #silver if you put emphasis on the CEO acquiring shares in the open market, you should disclose the price paid. He paid 24c. What % of the CEOs at the hundreds of juniors mentioned herein day in and day out have bought ANY shares at all in open market lately? 5%? 10%?
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@Goldfinger Bullish put option sale in June $GDX $23 strike puts, put seller takes in ~$760,000 in premium with $21.48 breakeven level on $GDX for the trade. $gold
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@Goldfinger I want to be long $gold over the weekend, weekly close over $1250 would be nice.
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@Goldfinger $Silver close above $17.80 would be impressive: http://cdn.ceo.ca/1cdam5p-Silver_Daily_3.24.2017.png+ While $1250 is a nice round number psychological level, $1260-$1265 is the real nut to crack for $gold.
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@Goldfinger Haywood on $DGC: "We have adjusted our estimates to reflect 2016 actual results, 2017 guidance and the new mine plan. Our 2017 production increases slightly from 555,000 ounces to 595,000 ounces, and total cash cost drops from US$715/oz to US$700/oz. Our 2017 CFPS increases from US$1.60 to US$1.80. Peer group multiples have declined, and we have lowered our multiple from 16.0x to 12.0x to be more in-line with current peer valuations. As a result, our target price drops from $32.00 to $27.50 per share. We maintain our BUY rating." $gold
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@MiningBookGuy Acacia Mining losing US$1m a day due to Tanzania export ban http://www.telegraph.co.uk/business/2017/03/24/acacia-mining-losing-1m-day-due-tanzania-export-ban/ (h/t @sndwky) $ACA.L #Tanzania #gold #copper ~AUfrica #index Partial Quotes: "The ban affects products from two of Acacia’s three mines; its North Mara mine is unaffected. Acacia has enjoyed a turnaround in fortunes of late and is thought to be generating enough free cash to cover short-term costs from the export ban. However the uncertainty surrounding the ban led to Endeavour Mining of Canada pulling out of merger talks earlier this week. The deal would have created a $3bn gold miner with assets across Africa." $EDV
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from ~aufrica,
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@Goldfinger Vote delayed until 4pm, $gold and $silver will go out on the highs and stocks on the lows. Who wants to bet whether vote will take place at all today?...
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@Goldfinger $Oil futures specs cut length by more than 33,000 contracts during week ended March 21, $gold futures small specs cut net length ~4,500 contracts in same week.
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@stratanic great new for gold... trumps loose
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@bilbobagginsmidearth goldfinger: you are talking out of both sides of your mouth at the same time. Earlier you mentioned the options settlement of Mar28th as being more significant than its predecessor. Now you are saying you want to be long over the weekend. My flip-flop meter giving high readings.
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@Excelsior $BBB $BXTMF Brixton Metals CEO: “We Think We Have a Significant #Discovery” Posted By SmallCapPower - March 24, 2017 #Silver #Cobalt #Gold #drillplays "Brixton Metals Corporation (TSXV: BBB) Chairman and CEO Gary Thompson, in this interview with SmallCapPower at the #PDAC 2017 convention, talks about Brixton’s two projects, which includes a gold/silver play in British Columbia with a “large #gold anomaly.” Find out why he’s excited about Brixton Metals’ upcoming #drill program by watching our #video interview." https://smallcappower.com/videos/companies-to-watch/brixton-metals-ceo-240317/
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@Excelsior $BBB $BXTMF Brixton Metals CEO: “We Think We Have a Significant #Discovery” Posted By SmallCapPower - March 24, 2017 #Silver #Cobalt #Gold #drillplays "Brixton Metals Corporation (TSXV: BBB) Chairman and CEO Gary Thompson, in this interview with SmallCapPower at the #PDAC 2017 convention, talks about Brixton’s two projects, which includes a gold/silver play in British Columbia with a “large #gold anomaly.” Find out why he’s excited about Brixton Metals’ upcoming #drill program by watching our #video interview." https://smallcappower.com/videos/companies-to-watch/brixton-metals-ceo-240317/
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@Excelsior $MXSG Mexus Gold CEO, Paul Thompson, Says Mines Are Ready To Produce Gold "Jasyn Blair Interviews Paul Thompson, CEO of $MXSG Mexus Gold US, and they discuss project updates and the beginning of #Gold #Production for one of their properties." https://upticknewswire.com/mexus-gold-ceo-paul-thompson-says-mines-ready-produce-gold/
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@Excelsior #RickRule Pre #PDAC 2017 #Mining Stocks on #BNN Market Call MARCH 3, 2017 Rick Rule covers a great deal of ground in this BNN #Video interview (from a few weeks back) on some of the more popular mining companies: $IVN Ivanhoe, $ANF Anfield Gold, $KL Kirkland Lake, $CGP Cornerstone Capital & $SOLG.L SolGold, $PVG Pretium Resources, $NAK $NDM Northern Dynasty, the XAU Index, $DDC Dominion Diamond, Reservoir minerals/ $NSU Nevsun, $HL Hecla Mining, $PAAS Pan American Silver, the #Silver market fundamentals, $CDB Cordoba, $SLW Silver Wheaton, $BGM Barkerville Goldmine, $VIT Victoria Gold, $DPM Dundee Precious Metals, $LUC Lucara Diamond, investing in #Gold bullion, Off balancesheet liabilities and #debt of the US Government, $TV Trevali Mining, $NXE Nexgen Energy, $ALS Altius Minerals, $BTG B2Gold http://www.pennyminingstocks.com/rick-rule-pre-pdac-2017-mining-stocks-bnn-market-call/
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@Excelsior The most impressive Corporate Presentation from $TGZ $TGCDF Teranga Gold yet, from last week's #SwissMiningInstitute. Their section starts at the (3 hours, 19 minutes, and 30 seconds). I'm pretty animated by the year that they projected for the balance of 2017, and this looks like another #gold #producer in #WestAfrica that could really get rerated in the second half of this year. ___________________________________________________________ ~AUfrica Swiss Mining Institute – Geneva Conference 22 March 2017 (Morning) Mar 22, 2017 – Mandarin Oriental – Geneva (jump to 3hr:19mins:30sec) https://www.youtube.com/watch?v=Lv3Cazwt0Mo+
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from ~aufrica,
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@Excelsior *What’s next for the #Dollar, #Gold & #Stocks? Axel Merk, Merk Investments - March 22, 2017 http://www.merkinvestments.com/insights/2017/2017-03-22.php ** Drama in DC Gary Wagner - March 24, 2017 - Weekend Review #TechnicalAnalysis #Video #Gold #Dollar https://thegoldforecast.com/video/drama-dc *** The Suspense is Killing me by Fullgoldcrown @ 10:35 am - Goldtent TA Paradise   #TechnicalAnalysis $HUI #Chart https://goldtadise.com/?p=398515 **** A Grinding #Gold Market: Key Trades Morris Hubbartt - Super Force #PreciousMetals #Video #TechnicalAnalysis Mar 24, 2017 (double click the various $Blue Links to play the #Video segments) http://www.321gold.com/editorials/sfs/hubbartt032417.html
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@Excelsior #Korelin Economics Report - An Inside Look At The Expanded Land package for $SEK $SEKZF SECOVA METALS "Brad Kitchen, CEO and Chairman of Secova Metals shares some more insights on the land expansion at its Eagle River property in the Windfall Lake gold district. The Company expended Eagle River property by almost 400% (see the map below). We discuss the other companies in this #gold district and why so much money has been raised by these companies." http://www.kereport.com/2017/03/25/expanded-land-package-secova-metals/
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@Goldfinger The U.S. Federal debt doubled from $10 trillion to $20 trillion in the last eight years and is currently growing at an annual rate of more than 8%. The interest service on the debt alone is ~$500 billion annually and that's with record low interest rates. $gold
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@Excelsior 1) #RickRule on #stocks, #oil, #gold and #silver, and the future of the markets David Moadel – Mar 22, 2017 “Rick Rule on stocks, oil, gold and silver, and the future of the markets // investing expert, investment tips, stock market collapse 2017, market crash 2017, recession coming, stock market collapse imminent today, stock market crash explained, when will the market crash, when will the stock market crash, stock market crash predictions, oil market crash, oil market collapse, bond market crash 2017” https://www.youtube.com/watch?v=apooy6jvQzc+ 2) #RickRule at #PDAC 2017…”We’re about a third the way through this Bull Market”… Mar 22, 2017 - Mining Clips https://www.youtube.com/watch?v=pX52nQYDwf0+ 3) #RickRule: Weakness In #Gold Equities Has Me Very Excited POSTED ON MARCH 26, 2017 BY COLLIN KETTELL http://palisaderadio.com/rick-rule-weakness-in-gold-equities-has-me-very-excited/
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@Excelsior 1) #RickRule on #stocks, #oil, #gold and #silver, and the future of the markets David Moadel – Mar 22, 2017 “Rick Rule on stocks, oil, gold and silver, and the future of the markets // investing expert, investment tips, stock market collapse 2017, market crash 2017, recession coming, stock market collapse imminent today, stock market crash explained, when will the market crash, when will the stock market crash, stock market crash predictions, oil market crash, oil market collapse, bond market crash 2017” https://www.youtube.com/watch?v=apooy6jvQzc+ 2) #RickRule at #PDAC 2017…”We’re about a third the way through this Bull Market”… Mar 22, 2017 - Mining Clips https://www.youtube.com/watch?v=pX52nQYDwf0+ 3) #RickRule: Weakness In #Gold Equities Has Me Very Excited POSTED ON MARCH 26, 2017 BY COLLIN KETTELL http://palisaderadio.com/rick-rule-weakness-in-gold-equities-has-me-very-excited/
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@Excelsior $ORA $ARMZF Aura Minerals Announces Fourth Quarter and Year End 2016 Financial and Operating Results and 2017 Guidance (Marketwired – March 24, 2017) Highlights: > #Gold #production for the fourth quarter and year ended December 31, 2016 was 29,145 ounces and 122,760 oz, respectively > Cash cost per oz of gold producedfor the fourth quarter and year ended December 31, 2016 was $847 per oz and $846 per oz, respectively > Income of $20,353 or $0.62 per share for the fourth quarter of 2016 compared to a loss of $11,886 or $0.42 per share for the same period in 2015. Income for the year ended December 31, 2016 of $19,020 or $0.64 per share compared to a loss of $14,479 or $0.56 per share for the same period in 2015 > A non-recurring gain on #acquisition from Ernesto /Pau-a-Pique (“EPP Project”) of $19,886 (before tax) is included in the income for the fourth quarter and year ended December 31, 2016 > On June 23, 2016, the Company completed the acquisition of asset and liabilities of the EPP Project from Serra da Borda Mineração e Metalurgia S.A., a company affiliated with Yamana Gold Inc. for a total consideration of $9,597. > During 2016, the Company announced the results from the NI 43-101 #FeasibilityStudy for the EPP Project. Highlights include an average gold production of 41,000 oz per year over approximately 5.8 years, an initial CAPEX requirement of approximately $17,300 (partially funded by the Yamana Debt Facility), including working capital and contingency, a net present value at 5% after tax of $39,500, and an internal rate of return of 77%. Subsequent to the year ended December 31, 2016, the Company filed the NI 43-101 Feasibility Study for the EPP Project” https://www.juniorminingnetwork.com/junior-miner-news/press-releases/585-tsx/ora/30587-aura-minerals-announces-fourth-quarter-and-year-end-2016-financial-and-operating-results-and-2017-guidance.html
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@MiningBookGuy So the catalyst for this rant is that the $EDV $ACA.L merger will NOT be going through. you can find background on this in the $EDV and $ACA.L rooms, and a key reason are the problems in #Tanzania, related to $ACA.L mines. I recommend people to check these out if they are NOT familiar. This activity is especially important to me because it was a key mention in my recent $SWA #HoundeBelt focused video, which can be reviewed here ( with $EDV $ACA.L mentioned in the middle): https://www.youtube.com/watch?v=RaANyHF1Yd8+ To my knowledge, no one else has addressed the consequences of this 'broken merger' yet, and especially has not addressed the consequences related to $SWA. That is the main focus here...but keep in mind whether or not there was an $EDV $ACA.L merger has a HUGE impact on overall #WestAfrica and #Africa #gold consolidation over the next few years. I'm also going to re-post my #WestAfrica video from about a year ago, because it is also VERY relevant here: https://www.youtube.com/watch?v=0vVo3TbqnSE+ Basically, I've been thinking hard about all this stuff over the past week, and I thought it would be helpful to get this into the ~AUfrica panel (which is perfectly relevant). Even though I've been thinking about this, I didn't write anything in advance. So some thoughts will be jumbled. Anyway, I'll starting going through the companies one-by-one now...
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from ~aufrica,
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@Excelsior @MiningBookGuy - Amazing coverage of the #WestAfrica #Gold scene as it is continuing to consolidate. There were far too many points for me to respond to but everyone should spend some time and read through that series of posts to see how this failed $ACA.L $EDV merger (due to the export ban in #Tanzania) really changed the batting order of who may get acquired next by both of those companies as they move to diversify into different #development stage and #exploration stage companies, or other small to mid-size #gold #producers. I'd also bring up that $IAG $IMG Iamgold is tied up in their merger with $MXI Merrex gold at present, so they are likely going to sit this one out. The first 2 companies I though of once the news broke was $TGZ Teranga and $PRU $PRU.AX Perseus as potential new acquisitions for $EDV or $ACA.L to get their production profiles expanded immediately. Persus is more in debt and encumbered with poor operational results at current gold prices, and is still a bit tied up with their Amara acquisition. $TGZ is solid, and really cheap at present, so if either of the big boys grabbed the next logical mid-tier it would likely be Teranga. However, the next thought I had after reading the deal fell through, was that $SWA Sarama or $SCA may get aquired by $TGZ to consolidate the #SouthHoundeBelt and compliment their Golden Hill project. In that recent $TGZ video posted from the #SwissMiningInstitute conference, they unpacked their increased efficiencies at Sabadola, their ramp of #development at #Banfora and then they went through their 3 other main #Exploration targets. Clearly, Golden Hill is the one they are putting their focus on, so it could make good strategic sense for them to acquire $SWA or $SCA to lock down more property in that area. It wouldn't be fair not to mention that $ROG Roxgold is also right there in the thick of the action in the South Hounde Belt and could also be a wildcard acquisition for $ACA.L or $EDV, or $ROG could surprise us all and be the company that does the acquiring of $SWA or $SCA. Another thought I had recently is that since $SCA is a Ross Beaty company and so is $ORG, I also wouldn't rule out those 2 being consolidated in his #Africa land grab. We haven't discussed $AKG Asanko or $SMF Semafo yet either, but they also may do some acquiring or $AKG may also get acquired by $EDV or $ACA.L. I'm actually surprised no other companies have made a move on $AKG or $ROG yet, and this brings up the point that there is also room for another large #Major or #MidTier Gold #Producer to decide to diversify into #WestAfrica and get in on the action. (I would NOT rule out a market surprise from another Senior miner coming in and locking up some of these projects). Lastly, it is important to bring up some of the MOST LIKELY candidates for #takeover or #takeout in #WestAfrica - those being 1) $HUM.L - Hummingbird Resources 2) $AVK - Avnel Gold 3) $ORE - Orezone. Since the deal with $EDV and $ACA.L is off the table, I could see both of those larger companies going after one of these 3 #Developers who are so much closer to #production than the earlier stage #Explorers. *** This is definitely going to be an exciting 1-2 years in West Africa where we'll likely see the number of companies consolidated down substantially in an #acquisition frenzy. Bring it !!! ~AUfrica
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from ~aufrica,
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@Excelsior @MiningBookGuy - Amazing coverage of the #WestAfrica #Gold scene as it is continuing to consolidate. There were far too many points for me to respond to but everyone should spend some time and read through that series of posts to see how this failed $ACA.L $EDV merger (due to the export ban in #Tanzania) really changed the batting order of who may get acquired next by both of those companies as they move to diversify into different #development stage and #exploration stage companies, or other small to mid-size #gold #producers. I'd also bring up that $IAG $IMG Iamgold is tied up in their merger with $MXI Merrex gold at present, so they are likely going to sit this one out. The first 2 companies I though of once the news broke was $TGZ Teranga and $PRU $PRU.AX Perseus as potential new acquisitions for $EDV or $ACA.L to get their production profiles expanded immediately. Persus is more in debt and encumbered with poor operational results at current gold prices, and is still a bit tied up with their Amara acquisition. $TGZ is solid, and really cheap at present, so if either of the big boys grabbed the next logical mid-tier it would likely be Teranga. However, the next thought I had after reading the deal fell through, was that $SWA Sarama or $SCA may get aquired by $TGZ to consolidate the #SouthHoundeBelt and compliment their Golden Hill project. In that recent $TGZ video posted from the #SwissMiningInstitute conference, they unpacked their increased efficiencies at Sabadola, their ramp of #development at #Banfora and then they went through their 3 other main #Exploration targets. Clearly, Golden Hill is the one they are putting their focus on, so it could make good strategic sense for them to acquire $SWA or $SCA to lock down more property in that area. It wouldn't be fair not to mention that $ROG Roxgold is also right there in the thick of the action in the South Hounde Belt and could also be a wildcard acquisition for $ACA.L or $EDV, or $ROG could surprise us all and be the company that does the acquiring of $SWA or $SCA. Another thought I had recently is that since $SCA is a Ross Beaty company and so is $ORG, I also wouldn't rule out those 2 being consolidated in his #Africa land grab. We haven't discussed $AKG Asanko or $SMF Semafo yet either, but they also may do some acquiring or $AKG may also get acquired by $EDV or $ACA.L. I'm actually surprised no other companies have made a move on $AKG or $ROG yet, and this brings up the point that there is also room for another large #Major or #MidTier Gold #Producer to decide to diversify into #WestAfrica and get in on the action. (I would NOT rule out a market surprise from another Senior miner coming in and locking up some of these projects). Lastly, it is important to bring up some of the MOST LIKELY candidates for #takeover or #takeout in #WestAfrica - those being 1) $HUM.L - Hummingbird Resources 2) $AVK - Avnel Gold 3) $ORE - Orezone. Since the deal with $EDV and $ACA.L is off the table, I could see both of those larger companies going after one of these 3 #Developers who are so much closer to #production than the earlier stage #Explorers. *** This is definitely going to be an exciting 1-2 years in West Africa where we'll likely see the number of companies consolidated down substantially in an #acquisition frenzy. Bring it !!! ~AUfrica
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from ~aufrica,
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@Goldfinger I think we will see a $silver $18 and $gold $1260 print by morning. Very important for gold to see follow through buying in U.S. session tomorrow.
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@Goldfinger April is also a strong month for $gold: http://cdn.ceo.ca/1cdgl5v-Gold_Seasonality.png+ #seasonality
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@dirkdiggler Ya but.....April $Gold = Fool's Gold?
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@dirkdiggler I have more leverage to $gold than I'm normally comfortable with, currently. A $gold friendly 'event' would be a muchly desired event round these parts. $ABX #options
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@dirkdiggler I had a chat with him earlier today @TheGalvanizer: promised him that if he laid-off the whole paper-dumping thing for a session or two....I'd invite him to one of my famous pool parties, and introduce him to Roller Girl. $gold
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@Excelsior #Korelin Economics Report - Saturday March 25, 2017 #GOLD STUCK IN LIMBO WITH THE US ECONOMY CONTINUING TO STRUGGLE "This weekend’s show focuses on hard data for the US economy and the main drivers in the gold price. Even though gold garnered a buy on Wednesday and has stayed above the $1,200 mark it remains in “no man’s land” as George Gero says in segment 7." > Segment 1 & 2: Kicking off the first two segments I have #DanOiliver the Founder or Myrmikan Capital based in New York. We discuss the history of #CreditCycles and where the US is currently. In the second segment we look at the #gold market and what could drive prices in the future. > Segment 3: #ValentinSchmid, Business Editor of the Epoch Times weighs in on the fact that the US #economy has not improved. > Segment 4: #AdrianDay, Founder of Adrian Day Asset Management shares his views on how to invest when #InterestRates are rising. > Segment 5 & 6: #RickRule joins me for the first two segment of the second hour. We discuss the change in central bank policies around the world and how this will impact the #PreciousMetals and other resources. > Segment 7: #GeorgeGero, Managing Partner at RBC Wealth Management updates up on the #OpenInterest in gold and why he does not like the fear trade driving the #gold price. > Segment 8: #BrienLundin wraps up our show further discussing the fear trade into #gold recently. http://www.kereport.com/2017/03/25/gold-suck-limbo-economy-continuing-struggle/
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@Excelsior #Korelin Economics Report - Saturday March 25, 2017 #GOLD STUCK IN LIMBO WITH THE US ECONOMY CONTINUING TO STRUGGLE "This weekend’s show focuses on hard data for the US economy and the main drivers in the gold price. Even though gold garnered a buy on Wednesday and has stayed above the $1,200 mark it remains in “no man’s land” as George Gero says in segment 7." > Segment 1 & 2: Kicking off the first two segments I have #DanOiliver the Founder or Myrmikan Capital based in New York. We discuss the history of #CreditCycles and where the US is currently. In the second segment we look at the #gold market and what could drive prices in the future. > Segment 3: #ValentinSchmid, Business Editor of the Epoch Times weighs in on the fact that the US #economy has not improved. > Segment 4: #AdrianDay, Founder of Adrian Day Asset Management shares his views on how to invest when #InterestRates are rising. > Segment 5 & 6: #RickRule joins me for the first two segment of the second hour. We discuss the change in central bank policies around the world and how this will impact the #PreciousMetals and other resources. > Segment 7: #GeorgeGero, Managing Partner at RBC Wealth Management updates up on the #OpenInterest in gold and why he does not like the fear trade driving the #gold price. > Segment 8: #BrienLundin wraps up our show further discussing the fear trade into #gold recently. http://www.kereport.com/2017/03/25/gold-suck-limbo-economy-continuing-struggle/
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@dirkdiggler you'd have a land bank in that case @Brendan - a number of marginal deposits that might have good leverage to a rising $gold price. But as far as near term development scenarios go? Shades of Vista.... $PLG $GSV $BMG $ELY $HWY
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@Excelsior @Brendan - Glad you brought up $RPM and $WKM . Rye patch went from having the #Royalty with $CDE Coeur on the Rochester Mine (which is still throwing off millions to them each quarter through 2018), to developing their Lincoln hill project & acquiring strategic land all around them in #Nevada (and right next door to Coeur - ding, ding, ding), to then buying out the Florida Canyon mine (from a private Asian company) which is currently in #production and ramping up Gold production.... This will allow them to feed the Florida Canyon mine from Lincoln Hill and Wilco..... and it is like nobody cares. (?)   http://cdn.ceo.ca/1cdh0gq-Rye-Patch-Presentation-March-2017-1.pdf As for $WKM West Kirkland - I am amazed at how cheap it is for a #development stage #Gold miner moving towards production, and that hardly anyone is discussing it. http://cdn.ceo.ca/1cdh0ed-2017-03-03-WKM-Corporate-Presentation.pdf I see them both as potential #TakeOver or #TakeOut targets down the road if things keep progressing like this and the marketplace doesn't give them any value for it. Some other Mid-tier may just like to have their assets on the cheap under their umbrella. Also, if they do both get re-rated, then they may have a nice bump up during the next mining up-leg.
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@Excelsior The Japanese #Yen is up - so therefore #Gold is up. That's how the trading algos are keyed. Here are the Yen and Gold doing the #SafetyDance: http://stockcharts.com/h-sc/ui?s=%24XJY&p=D&yr=2&mn=0&dy=0&id=p18739154842
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@dirkdiggler $Gold pressing overseas session highs - curious to see how comfortable London is with this slight adjustment in price ~ http://www.kitco.com/charts/popup/au24hr3day.html The Comex in New York? Fugget About It!
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@Leon A new trend emerges - #DigitalGold "It's nearly impossible for young people to invest in property in first tier cities in #China. Alternatively, they put small amounts into #gold as a low risk investment. https://libertyblitzkrieg.com/2017/03/23/a-new-trend-emerges-digital-gold-gifting-gains-popularity-in-china/
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@Leon Gold vs. Physical Gold: Which is the better investment now? "There are a lot of hidden dangers inherent in the structure and operation of #gold ETF's that few investors are aware of - and these risks are more pronounced than ever as the threat of another financial crisis is around the corner." www.forbes.com/sites/oliviergarret/2017/03/22/gld-vs-physical-gold-which-is-the-better-investment-now
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@Leon Frankfurt #gold $1,257.71 +1.15% #silver $17.89 +0.68% EUR/USD 1,0852 +0.42%
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@Leon #TrumpPromisses - Approval rate down to 37% "I continue to believe that once reality sinks in, people may develop second thoughts and doubts and there will be a lot of money trapped at very high P/E levels that will seek to get out." #bondcrash #gold #silver #chaos www.zerohedge.com/news/2017-03-26/doubt-rises-market-liquidity-collapses
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