Kerr Mines Inc (KER)

[goldenpolarbear]

Golden COPPERSTONE Expre$$ preparing to leave the the station imho... in 2018...

https://mining-atlas.com/operation/Copperstone-Gold-Mine.php

Gold Price 'Surge' to $1320 Attracts Institutional Investors as US Debt Ceiling Deadline Looms

Friday, 9/01/2017 13:14
GOLD PRICES held at 10-month highs versus the Dollar on Friday morning in London but traded at only 2-month highs in Euros and Chinese Yuan as the US currency slipped ahead of key monthly jobs data from the world's largest economy.

Rising back to $1320 per ounce today, the Dollar gold price on Thursday ended August well above the 6-year downtrend starting at its all-time high of $1920 – set when US government debt lost its "risk-free" AAA status amid wrangling over raising Washington's debt ceiling.

September 29th marks the deadline for Congress to agree a new ceiling above the current $19.8 trillion limit.

"Even before this latest surge in gold prices," says the latest Precious Metals Weekly from specialist analysts Metals Focus, "sentiment towards gold had already started to slowly improve among institutional investors."

Hedge funds and other speculators grew their net bullish betting on Comex futures for 5 weeks straight, Metals Focus notes, reaching a post-Trump victory high after setting an 18-month low in mid-July.

"Gold ETP holdings have also recorded healthy inflows over the same period," the consultancy adds,

The largest such vehicle – the SPDR Gold Trust (NYSEArca:GLD) – expanded at its fastest 3-session pace since February as gold prices broke above $1300 at the start of this week after the annual central-banking conference at Jackson Hole failed to deliver any hint of tighter US, Eurozone or Japanese monetary policy to come and the pariah state of North Korea fired missile tests across Japan.

Now needing 816 tonnes of bullion to back its shares, the GLD had shrunk to a 5-month low at the start of August as investors liquidated the trust fund's stock.

The gold price has risen almost 6% versus the Dollar since mid-July, when the GLD was last as large as at Thursday night's close.

https://www.bullionvault.com/gold-news/gold-prices-090120172