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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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from ~aufrica,
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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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from #index,
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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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from #index,
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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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from ~royaltiesandstreams,
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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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from #wkm,
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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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wannabeinvestor Me thinks Detour Lake
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@Excelsior $SGN $SRCRF Scorpio Gold Signs Letter of Intent with Lode-Star Mining Inc. for a Custom Toll Milling Agreement - Feb 21, 2017 #Gold #Tolling #Production "Scorpio Gold Corporation is pleased to announce the signing of a letter of intent with Lode-Star Mining Inc. for a custom milling agreement to provide custom milling of mineralized material at the Company's Goldwedge #processing facility, located 75 miles north of Goldfield in Manhattan, #Nevada." http://www.scorpiogold.com/s/news.asp?ReportID=778905
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@MiningBookGuy @Brendan - i'm on board with $ARL.AX (thx @PamplonaTrader!) While I'm still learning more about the nickel-cobalt deposit, I think $ARL.AX has an opportunity to do a new study that focuses on higher-grade cobalt sections. But the real story is "what happens if SHTF in the $DRC?" This is a real concern... same type of concern for #platinum in #SouthAfrica, #palladium in #Russia. Take note that $SBGL was shrewd and bought $SWC BEFORE massive disruption. IF something goes wrong in #DRC, I think it's natural to look for SCALE in SAFE jurisdictions...not tiny, high-grade #cobalt plays. There's real grand-slam potential here because of #geopolitics. $ARL.AX is going to get more attention. Anyway, I'm on board with that part of the story. But $ARL.ax is intriguing for other reasons @PamplonaTrader brought up. Keep in mind they have an advanced #gold #zinc project and early stage nickel exploration, all in #Australia. Basically, 'going beyond cobalt', $ARL.AX is intriguing for many reasons. But the cobalt aspect (and ridiculous valuation) pulled me in
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@Goldfinger $RBC report on $gold this morning titled "Trumped up, trickle down" you get the picture. Gold futures net speculative length remains very constructive, well below last summer's highs: http://cdn.ceo.ca/1car7gq-Gold_CoT.png+
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@EpsteinResearch #gold $G Goldcorp quote from press release, “For 2017, our production is projected to be approximately 2.5 million oz. at all-in sustaining cost of US$850 per oz. and expected to grow to 3 million oz. at all-in sustaining cost of US$700 per oz. within five years,” he added.
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@Goldfinger @Highheat If Captain Fade always makes sure that rallies are sold into why don't we just short every rally in $gold and $silver and make money? Why are we being such dunces and sitting here all day complaining about it?
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@Goldfinger Look at a chart @Highheat $gold goes up $20, $30, $40 at a time sometimes. You don't say anything during those times. Then when there is a $10 drop you point it out and it's Captain Fade or whatever. Gold is probably one of THE most difficult futures markets to trade, for anyone, even a hedge fund.
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@AJR I would not pay much attention to price action in $gold before FOMC Minutes. just saying..
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@Goldfinger Lol @Highheat, yep it's all hunky dory. Just a big giant mass of markets with everyone trying to profit. People like you and I are at a disadvantage to many larger market participants, however, through understanding the playing field and having effective psychology I believe a smaller player can do very well. Sometimes being small is better. And I can tell you don't trade $gold because you would be broke very quickly with the psychology you regularly display on this site.
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@Goldfinger I totally agree @Highheat, and you are proving my point. Thank you. If $gold was so predictable there would be a lot more traders making $$, its not. And with that goes the theory that every rally is faded, because they are not. Done with this topic.
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@Goldfinger It's expiration for March $gold @stateside, but there isn't much volume in March so unlikely to have much effect. Next month's expiration will be a biggie because April is by far the most actively traded contract.
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@Goldfinger RBC: Minutes are likely to come and go with little new information. The FOMC Minutes are likely to come and go with little new information beyond what we already learned from Yellen during her Congressional testimony. On that score, the market may expect some additional colour on the balance sheet, but, as Yellen highlighted in her testimony, that process remains ongoing and a concrete view is unlikely to emerge until closer to midyear. The rhetoric on inflation has turned among Fed officials, with many now expecting the firming to continue. The last FOMC statement flagged this turn, and we would expect the Minutes to exude a similar vibe. Markets have been reluctant to push the probability of a March rate hike much beyond 40% so far. $Fed $gold
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@Goldfinger $Fed minutes out at 2pm EST today. Could trigger some volatility in $gold, US dollar, equities, etc.
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@Goldfinger $Fed minutes hint at rate hike "fairly soon" $gold
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@Goldfinger $Gold catches a bid initially following $fed minutes, $VIX turns red.
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@Goldfinger Tell me when to short $gold @Highheat
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@Goldfinger $gold $1240 $silver $18 - big levels until they're not
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@Goldfinger "...with inflation still short of the Committee's objective and inflation expectations remaining low, a few others continued to see downside risks to inflation or anticipated only a gradual return of inflation to the 2 percent objective as the labor market strengthened further." $fed $gold
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@drezinho @ylr Nice chart. Is this a technical breakout? $JNUG can be a bytch if you time it wrong. Been burned before.
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@Goldfinger $AKG flat while $GDX -1.3%, benefiting from Haywood upgrade. $gold
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from #index,
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@Goldfinger Really useful chart of free cash flow yields for $gold and $silver producers at $1,300/oz Au and $19.25/oz Ag: http://cdn.ceo.ca/1cartmf-Gold_Miners_FCF.png+ "Among the royalty/streaming companies, we expect $SLW to be the strongest FCF generator, with no capital commitments forecast for the 2017-18 period."
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@Goldfinger In the realm of useless yet interesting information $RBC has a US$1,300/oz $gold price forecast for 2017, but also doesn't see gold moving above $1,300 in either 2018 or 2019.
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@Goldfinger They are basically useless, only relevant in that some market participants and producers use them for financial modeling. And yes, they are wrong quite often. $gold
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@Goldfinger Having a $gold price forecast for 2019 is like me trying to predict the Super Bowl winner in the 2019 Super Bowl.
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@TheHolyBuyBull #gold and #silver finishing in the green today
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@ylr $JNUG Nice reversal http://cdn.ceo.ca/1carv3f-Advanced_Chart_JNUG.png+ 10/20 sma golden cross #ylr #gold
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anonymous Large name accumulating discretely but hard with a 30 million market cap- 1 million volume today :) this might be the next $NHK $SPA $GOlD $FF $XGD
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from #spa,
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@Goldfinger $NCA with big drill results at Castle Mountain: https://ceo.ca/@marketwired/newcastle-gold-drilling-returns-higher-grade-results 5.43 g/t Au over 48.8 meters among many other really nice intersects. $gold
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@MiningBookGuy @nicholaslepan - well thank you! and really, the best 'brief pitch' for $SWA is this superb #MiningJournal article, including the map image in the middle of it: http://www.mining-journal.com/gold-and-silver-investor-hub/gold-and-silver-investor-hub-resourcestocks-company-profiles/sarama-sees-something-big-in-south-hounde/ When it comes down to it, $SWA is in one of the hottest parts of #WestAfrica (let alone the world) not just for #gold #exploration, but #consolidation. One way or another, $SWA properties HAVE to be consolidated....meaning $SWA share price needs to go up, regardless of what happens to the #gold price. I think this article explains it quite well, and is the best piece of advertising the company has ever had. Many are just realizing all of this literally in the past few weeks, institutions as much as retail.
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@Goldfinger Compelling interview here on $NAK $NDM: https://katusaresearch.com/one-worlds-greatest-geologists-talks-northern-dynastys-pebble-deposit/ granted it's an extremely biased source, however, there are certain things that are factual and not as subject to opinions. They are either true or false. Lowell sees 2 or 3 open pits as well as an underground component, with Pebble becoming the world's largest $copper/ $gold mine. If this is correct that leaves the two biggest challenges being permitting (clearly the top challenge) and metals prices (a distant second). Even if it costs $10 billion to build this thing there is more than enough metal in the ground to justify building the mine.
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@rjunior @hayden I have been holding GRNH for a while but I am focussed in #marijuana #medical plays. I think $GRNH will be strong coming up. Good supplier play for Green $gold rush.
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from #owcp,