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@Leon Adding the sum of current political and macro economic uncertainties there is limited appetite to be short #gold at this stage. ~ SAXO Bank www.tradingfloor.com/posts/political-uncertainty-supports-challenged-gold-saxostrats-8478168
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@Leon @nobshere - so why is it that nobody gives Martin #Armstrong / #Socrates any credit here? Because if one would take MA serious we would all have missed the gold turn-around in 2015/2016 and still be waiting "for his fat old lady to sing". Have you forgotten that some weeks ago #gold was promissed to go below $1,000 and #silver according to your own posts was predicted @ $13 ? The trouble with him is, he pretends to be always right and has not the bones to admit a misjudgment.
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@Excelsior February 16, 2017 — Mandalay Resources Corporation $MND $MNDJF “In accordance with the Company’s #dividend policy, Mandalay’s Board of Directors declared a quarterly dividend of $1.9 million (6% of the trailing quarter’s gross #revenue), or $0.0043 per share (CDN$0.0057 per share), payable on March 9, 2017, to shareholders of record as of February 27, 2017.” #Gold #Silver http://www.mandalayresources.com/wp-content/uploads/2017/01/MND_Feb_16_2017_Final.pdf
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@Excelsior I decided to grab a small position in $P during this over-reaction to the strike news, and because it's so totally bombed out on a longer term chart. Primero is still a Mid-Tier #Gold #producer, and the news on Jan 18th seemed constructive enough for the production guidance this year. I've never really been a huge fan, but the current valuation is just a bit too tempting here. If it sells off a bit more due to strike jitters then I'll keep adding. #BuyWhenThereIsBloodInTheStreets
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@Leon #WikiLeaks exposes CIA involvement in the 2012 French presidential election. The espionage orders published today are classified and restricted to U.S.eyes only due to "Friends-on-Friends sensitivities". It also places weight on obtaining the candidates attitudes to the EU's economic crisis, centering around their position on the still ongoing Greek debt crisis; the role of France and Germany in it and the vulnerability of government and banks to a Greek default and specific "proposals and recommendations" to deal with "the euro-zone crisis". How wonderful if good friends look after you in difficult times ;-) #gold #politics #economy www.zerohedge.com/news/2017-02-16/wikileaks-exposes-cia-involvement-french-2012-presidential-election
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@EpsteinResearch $TCO #gold #silver, I really like the Northern Miner article on Transatlantic Mining. Balanced, accurate, shows potential upside in the valuation, by going from 5,000 Au Eq. ounces to 10,000, then hopefully to 20,000-30,000 ounces...good job!
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@rjunior Two big new development for the #Marijuana sector: 1. Formation of cannabis ETF so we can invest our #rrsp and #tfsa accounts. $OWCP is a constituent of this ETF. Now OWCP gets more exposure and belongs to this high profile funds. https://www.newcannabisventures.com/first-cannabis-etf-in-the-works-emerging-agrosphere/ 2. Bi-partisan congressional caucus on cannabis. CONGRESS VIDEO RELEASE TODAY: https://blumenauer.house.gov/cannabis-caucus This committee will introduce legislation to ensure that the antiquated federal law doesn't conflict with the state's MJ initiative. This inconsistency is not tenable. Can we say it's the beginning of the end for schedule one MJ regulations? There is a good possibility this could be in the foreseeable future. The congressional committee members appears to be strongly supporting the use of #marijuana for research and medical purposes in particular. Ganja #Gold Rush 2.0 starts in earnest soon. #loadup The MJ sector is going to experience an influx of investment once the federal law is made consistent with the state's law. If this committee succeeds, legitimate MJ businesses could access to bank loans to fund their operations and investment. The benefits will spread across the entire sector. A rising tide lifts all boats. Being in the cannabis pharmacological field, $OWCP $cnbx $cbds $weed $gwph $zyne $emc $vin will all benefit. #index
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@Goldfinger $Gold sentiment and fund flows have rebounded with the price as one would expect: http://cdn.ceo.ca/1cae77t-Gold_Sentiment.png+
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@Leon BoA Merril Lynch Fund Managers survey spoke to 175 money managers with $543 billion in assets under management - they are buying #gold and believe its undervalued. www.goldcore.com/us/gold-blog/gold-undervalued-leading-money-managers/
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@Goldfinger 'Tweezers top' watch in $ABX after a ~50% rally since mid-December: http://cdn.ceo.ca/1cae7pq-ABX_2.17.2017.png+ $21 was previous support so natural to see some hesitation in front of this level after such a big run. $gold
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@anomalloy Thanks @leon for pointing out $azx. Undervalued, institutional investors, increased drilling program, and already past daily volume on news. What's not too like? #gold #hotpick
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@Goldfinger Americans have $12.58 trillion in household debt, here's what it looks like: http://www.businessinsider.com/us-household-debt-credit-ny-fed-q4-2016-2017-2 $gold
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@ylr $XIM pretty nice move. It just punch through the 200SMA no problem. Let's see that golden cross http://cdn.ceo.ca/1caeblu-Advanced_Chart_XIM_CA.png+ #ylr #gold
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@staffpro @rocketRed unloading shares onto dumb retail same with $GOLD I bet Katusa goes to sleep with a picture of Amir Adnani on his bedside table the way he talks about him haha much better optionality plays $ME and $SPA (12 or 6$/ounce respectively gold) - both with imminent catalysts. $FF is 30$+/ounce in the ground for garbage $GOLD haven't calculated it in a while but it's upthere as well
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from #ff,
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@nicholaslepan Ron Paul posted this to his Facebook profile. "It may be hard for some people to believe, but not too long ago, gold was the international medium of exchange. It facilitated economic growth like the world has never seen. Contrary to government propaganda, gold did not fail as money. It was government itself that systematically separated Americans from sound money, only to stick us with Federal Reserve Notes." "Gold is money. Everything else is credit." - JP Morgan #gold
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@staffpro that said he is paying FMT and on every newsletter and yada yada yada and KAtusa was pumping him too at one point i don't discredit kieth's or Amirs promotion efforts but don't be surprised if the share price doesn't go your way because of all the hot air in this and $GOLD $FF
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@ylr Congrats to those who listened to my $xim call. Now up 33% today. #ylr #gold #PennyLand
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@ylr If ou you missed the boat on $abr, $aix, $xim, $ion have a look at $dec and $aq #gold #ylr #PennyLand
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@Goldfinger 10-year US Treasury yield continues to make lower highs, when we see 10-year yield move below 2.30% we will see $gold go parabolic: http://cdn.ceo.ca/1caeih8-TNX_Daily_2.17.2017.png+
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@greenmetals $CDB receives $2.25-million from warrant exercise (1,5 mil warrants at a price of $1.50) see last prasentation http://www.cordobamineralscorp.com/assets/docs/Cordoba-Presentation-Feb-2017-1487180093.pdf now only 13,6 million warrants until end March $GOLD $COPPER
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@anomalloy $PNN $AZX poised to bounce back upwards. Today or first thing after the weekend, imho #oil #gold #hotpick
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@dirkdiggler Today's COT in $Gold: źzzzzzzzzzzz http://snalaska.com/cot/current/charts/GC.png+
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@Goldfinger For those who care about such things, there's a good chance we will get $Trump's fiscal plan next week. $gold $SPY
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@Goldfinger $Gold CoT data continues to be constructive for more upside potential, could easily see another +100,000 contracts in net spec length over the next few months. Another 100,000 contracts in net length probably equates to another $100/oz in price upside (not scientific, based upon past history and a relatively small sample size). http://cdn.ceo.ca/1cafc4j-Gold_CoT_2.17.2017.png+
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@Santidreamer $Gold caught a bid at strong resistance $1251 they bounced lower #Bullionvault (they have $2B of PMs in allocated storage accounts)
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@Leon According to the Swiss Eidgenössische Zollverwaltung, China bought in December 2016 158 tons of gold for CHF 5.8 billion (Nov: 30.6 tons / Dec.2015: 57 tons). Switzerland has a population of 8.3 million people ("foreigners" 24.6% !) and is one of the most important players in the #gold sector, its refineries are processing ~70% /year of global production. www.handelszeitung.ch/konjunktur/china-deckt-sich-mit-schweizer-gold-ein-1344182 www.bfs.admin.ch/bfs/de/home/statistiken/bevoelkerung.html
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@F6 Re Gold Weekly The $U.S. gold price is looking at a crossover of the 13-week EMA with the 34 and 89-week EMAs. Technicals that support a continued advance are the RSI above 50, the crossover of the Stoch 14,7,7, the crossover of the KST, and the advance of the ROC. http://schrts.co/RlXHcK TNX/PRII Weekly The absence of any upward momentum in the TNX/PRII Weekly ADX and the continued strong inverse correlation with the $U.S. gold price says that fundamentals are going to see a similar moving average crossover to the downside in this instance. Accompanying this trend would be long-term rates steadying as bonds are bid. http://schrts.co/bTtSjF #Gold #NegativeRealRates -F6
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@Goldfinger Lots of mining companies report quarterly earnings next week, including Newmont Mining $NEM on Tuesday, Hudbay Minerals $HBM and Iamgold $IAG on Wednesday, Eldorado Gold $ELD and Nevsun Resources $NSU on Thurdsay, among many others. $gold
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@Goldfinger Ratio charts can be important in telling us about the larger trends at work, key inflection points, and inter-market correlations. The $GDX/$SPY ratio chart shows not only a double-bottom was carved out during the 2H of 2015 into early 2016, but there is also an inverse head & shoulders pattern with a neckline at .148 in the ratio. If this pattern triggers it will have a target of ~.23 in the ratio which means that if $SPY were to remain at its current level the $GDX would rise to ~$54! http://cdn.ceo.ca/1caha8q-GDX_SPY_5_year.png+ From a risk/reward standpoint this looks like an attractive pairs trading opportunity. $gold
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@Leon $SKE - Rediscovering lost treasuries in the Golden Triangle region of B.C. - Spectrum GJ property PEA expected to be released in April, 2017 #gold www.youtube.com/watch?v=jzNcY_g2QLg+ www.youtube.com/watch?v=NSnVUZtnzJ0+
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@Fried next new significant copper gold discovery ??? - http://resourcestockdigest.com/archives/interview_hold/index.php?&content_id=4499 ...A kilometer to the south of us, we see a big geochemistry signature. We see the geophysics, and it looks like it's 2-3 times the size of Alacran. Hopefully when we drill, we see another Alacran there. The point here is, Alacran is special but we think there's multiple Alacrans in our district. We think there's multiple porphyries in our district. We're going to aggressively drill all these targets in 2017. $CDB $GOLD $COPPER
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@MiningBookGuy $WAF $WAF.AX - West African confirms Sanbrado as +150,000 ounces per annum gold producer by 2019 http://www.asx.com.au/asxpdf/20170220/pdf/43g3k1shp7r36f.pdf #gold #BurkinaFaso #WestAfrica #Africa #index Some of the Highlights: All amounts stated in US dollars. Base case is stated on a 100% project basis at $1,200/oz Sanbrado open pit feasibility study confirms:  Forecast annual production of 150,000 ounces over the first 3 years of project and 93,000 ounces per annum over 9 years of current mine life (LOM)  124% increase in Indicated Resources at M1 South, driving new project economics  103% increase in Probable Reserves now 894,000 ounces (16.8Mt at 1.7g/t Au)  Two year pay back on $131 million capex (including pre-production mining and contingency)  Low All-In Sustaining Costs (AISC) of $708/oz over the first 3 years and $759 over LOM  Strong economics - pre-tax NPV5% of $143m, IRR 27% and post-tax NPV5% of $100m, IRR 21%
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from ~aufrica,
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@MiningBookGuy $PRU $PRU.AX - Perseus updates mineral resource estimate at Bele http://www.asx.com.au/asxpdf/20170220/pdf/43g3khzj359q0f.pdf #gold #IvoryCoast #WestAfrica #Africa #index Partial Highlights:  The updated global Indicated Mineral Resource for Bélé, estimated as at February 2017, is estimated as 1.90 million tonnes grading at 2.0g/t gold, containing 130,000 ounces of gold. A further 0.42 million tonnes of material grading at 1.8 g/t gold and containing a further 25,000 ounces of gold are classified as Inferred Resources.  The gold contained in the combined Measured and Indicated Mineral Resources of Sissingué and Bélé is now estimated to be 830,000 ounces of gold which is less than 6% lower than the original Sissingué estimate of 880,000 ounces of gold. ___ My Note: this is attempting to compensate for the downgraded Sissingue resource in a recent NR. There is definitely significant exploration potential as noted by the CEO in this NR.
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@racker #Gold Isn’t Behaving in Practice The Way It Should in Theory https://www.bloomberg.com/news/articles/2017-02-20/gold-isn-t-doing-in-practice-what-it-should-in-theory-yet-again metal is advancing as Fed tightens
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@nicholaslepan #Gold prices look set to rise - Alan Greenspan reckons the Euro will collapse and the ECB chief should come clean on the state of the Eurozone economy. - Greenspan says it’s only a matter of time before the Euro collapses. Greece is suffering yet another debt crisis, Italy is also having to bail out its banks wiping out the savings of many Italian investors, Deutsche Bank has issues and Brexit may cause further economic consternation. - While SP Angel agrees with many of Greenspan’s comments and views we wonder how concerned he is about the mountain of US debt which exists and which is likely to grow under the Trump administration. - SP Angel notes that With so much debt and banking issues in the world it is no wonder that investors are increasingly buying gold as a preferred currency. Gold US$1,236/oz vs US$1,238/oz last week Gold ETFs 58.5moz vs US$58.7moz last week Source: http://www.spangel.co.uk/
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@Excelsior The #Gold Forecast – Weekend Review #TechnicalAnalysis Trump Completes His First Month as President Gary Wagner – February 17, 2017 http://thegoldforecast.com/video/trump-completes-his-first-month-president #Gold Uptrend Resumes: #Juniors Lead Super Force #PreciousMetals Video #TechnicalAnalysis Morris Hubbartt – Feb 17, 2017 (double click the $blue links above each set of charts to watch the #VIDEO analysis) http://www.321gold.com/editorials/sfs/hubbartt021717.html This past week in #Gold Jack Chan – Feb 20, 2017 ( #TechnicalAnalysis on the #Gold & #Silver Mining ETFs) http://www.321gold.com/editorials/chan/chan022017.html
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@Leon Bullish positions in #gold have been reduced to a four-week low, but are still up overall around 50% since the start of the year. Political uncertainty in #Europe is expected to play a significant role for investors. www.platts.com/latest-news/metals/london/net-long-gold-comex-positions-cut-9-to-four-week-26666572
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@Leon "I view #gold as THE primary global currency. It is THE only currency, along with #silver, that does not require a counterparty signature." ~ Alan Greenspan > full interview @ www.gold.org
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@anomalloy SE Asia unsettled by increasing Chinese militarization in S China Sea http://www.reuters.com/article/us-asean-philippines-idUSKBN1600I3 #gold
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@Wannabeinvestor looks like a sell-off in $gold stocks starting
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@Kingsley Secova Metals Closes $2.5M (non-flow-through) Financing & Expands the Eagle River #Gold Project in Quebec http://conta.cc/2kGMip0 #financing
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@Goldfinger Genesis Metals: Advancing Its Chevrier Gold Project To An Economic Gold Resource In Quebec http://energyandgold.com/2017/02/21/genesis-metals-advancing-its-chevrier-gold-project-to-an-economic-gold-resource-in-quebec/ $GIS $gold
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@Goldfinger Gold miners breaking minor support this morning, $GDX has an interesting level at ~$24.25: http://cdn.ceo.ca/1caokmq-GDX_Daily_2.21.2017.png+ Watch the RSI test the median line from above, a clean break to the downside would be a negative sign. $gold
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@anomalloy $WLF up 10% today on double volume #Cobalt, #copper, #zinc #gold #hotpick #ninjapicks
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@Excelsior Abitibi Royalties Update on Canadian Malartic Mine Royalties Plus Two New #Royalties Acquired Near the Rainy River Mine & 777 Mine (Marketwired – Feb. 21, 2017) – #Gold ~royaltiesandstreams Abitibi Royalties Inc. $RZZ $ATBYF is pleased to provide an update on the Company’s various assets, including its net smelter royalties #NSR at the Canadian #Malartic Mine, near Val-d’Or, Québec. In addition, the Company has acquired two new royalties, which are located near $NGD New Gold’s Rainy River Mine and $HBM Hudbay’s 777 Mine. > Malartic CHL – Odyssey North Zone (3% #NSR) a) Initial Resource Estimate Odyssey Property b) New Internal Zone > Update on Barnat Extension and Jeffrey Deposits (3% #NSR) > Possible Production Near Pit Zones 2018-2020 (2-3% #NSR) ** Abitibi “Royalty Search” – Two New #Royalties Acquired – The Company has acquired two additional NSRs near existing mines in Canada through the Royalty Search. The first agreement, in partnership with $AMI $ARCTF AuRico Metals Inc., gives each company a 0.75% #NSR on 9 exploration properties located throughout the Rainy River district in Ontario, located near New Gold’s Rainy River Mine. – The second NSR is an additional 1% royalty on Nordic Minerals Ltd. exploration property located approximately 5 kilometres southwest of Hudbay Minerals Inc.’s 777 mine in Manitoba. http://www.marketwired.com/press-release/abitibi-royalties-update-on-canadian-malartic-mine-royalties-plus-two-new-royalties-tsx-venture-rzz-2197212.htm *--- > Obviously this is also great news for Golden Valley Mines $GZZ $GLVMF as they own half of Abitibi Royalties $RZZ. 😄
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@Excelsior $WKM $WKLDF West Kirkland Mining Enters Agreement for Lease of Water Rights Hasbrouck #OpenPit #HeapLeach #Gold Project, #Nevada (Marketwired – Feb. 21, 2017) The Hasbrouck Project consists of the Hasbrouck #Mine, Three Hills #Mine, and surrounding land package, all located near Tonopah, Nevada. Highlights include: – Low initial capital cost of $47 million with a 12-month construction period – Open pit mining with minimal pre-stripping and an overall stripping ratio of 1.1:1 – 594,000 recoverable gold equivalent ounces* – 74,000 gold equivalent ounces* produced annually for eight years – $717 All-in Sustaining Cost per Au ounce – Robust 2016 pre-feasibility study indicating after-tax NPV (5%) of $120 million and a 43% IRR – $1,275/oz Au and $18.21/oz Ag metal price assumptions – Good exploration potential proximal to the Three Hills permitted pit http://www.marketwired.com/press-release/west-kirkland-mining-enters-agreement-lease-water-rights-hasbrouck-open-pit-heap-leach-tsx-venture-wkm-2197418.htm ____________________________________________________ West Kirkland Mining – Corporate Presentation: http://www.wkmining.com/_resources/presentations/2016-10-28-WKM-Corporate-Presentation-November-2016.pdf
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@ylr $ELD Potential reversal tomorrow http://cdn.ceo.ca/1cap9hi-Advanced_Chart_ELD_CA.png+ STO BUY, MFI rising #ylr #silver #gold
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@Goldfinger Newmont reserves now under 70 million ounces, I remember not too long ago when they had 100 million. Who do they acquire? $gold $NEM
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