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Yes good idea. NUGT is a wasteland of abuse.
Fed dead ahead today. Gold almost always goes down just before Fed.
$trunkmonk Note; NEW PRICE TARGETS FOR GOLD & SILVER Just Issued After Yesterday’s Big Breakouts
https://kingworldnews.com/new-price-targets-for-gold-silver-just-issued-after-yesterdays-big-breakouts/
$GCM Mining Files National Instrument 43-101 Technical Report for Its Toroparu Project in Guyana
January 13, 2022
https://www.gcm-mining.com/news-and-investors/press-releases/press-releases-details/2022/GCMMining-Files-National-Instrument-43-101-Technical-Report-for-Its-Toroparu-Project-in-Guyana/default.aspx
Russia proposes ban on use and mining of cryptocurrencies
By Elena Fabrichnaya and Alexander Marrow
https://www.reuters.com/business/finance/russian-cbank-proposes-banning-cryptocurrencies-crypto-mining-2022-01-20/
80% OF All US Dollars In Existence Have Been Printed In Just The Past Two Years
January 20, 2022
https://thewashingtonstandard.com/80-of-all-us-dollars-in-existence-have-been-printed-in-just-the-past-two-years/
$THE END OF THE DOLLAR IS JUST ONE ANNOUNCEMENT AWAY
WATCH
https://www.bitchute.com/video/QFBR0FGbAzi2/
$In GOD We Trust - Real Money - AU Safety 6000yrs )
https://www.kitconet.com/images/quotes_7a.gif?1493417496003
http://www.kitconet.com/images/live/au0001wb.gif
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
https://www.usdebtclock.org/
God Bless
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166747120
Ps.
opinion appreciated
Good result, selling to exhausted yesterday, ramping up today. Maybe a short trip back to 1816 maybe not.
They hammered it back down to where they wanted it. Wow. Manipulation was so obvious and when I watch it close it’s plain as day.
Been a while since I’ve seen gold get hammered every minute for almost a half hour.
$NUGT Inflation could rise 15% in 2022 if wage pressures spiral out of control; use gold to hedge - Saxo Bank
https://markets.businessinsider.com/news/commodities/inflation-could-rise-15percent-in-2022-if-wage-pressures-spiral-out-of-control;-use-gold-to-hedge---saxo-bank-10847985
$TM Well; GCM Mining Announces Multiple High-Grade Drill Results From the Ongoing
2021 In-Mine and Brownfield Drilling Campaigns at Its Segovia Operations;
Success Continues on the Brownfield Projects Including 62.34 g/t Au and
37.3 g/t Ag Over 0.40 Meters From Initial Drilling at the La Guarida
Vein
December 16, 2021
https://www.gcm-mining.com/news-and-investors/press-releases/press-releases-details/2021/GCM-Mining-Announces-Multiple-High-Grade-Drill-Results-From-the-Ongoing-2021-In-Mine-and-Brownfield-Drilling-Campaigns-at-Its-Segovia-Operations-Success-Continues-on-the-Brownfield-Projects-Including-62.34-gt-Au-and-37.3-gt-Ag-Over-0.40-Meters-From-I/default.aspx
Is 2022 The Year For Gold & Silver? If The Central Banks & Private Citizens Keep Buying, It Will Be!
699 views Dec 8, 2021
Davos Is Making The Central Bank Case For Gold
BY TYLER DURDEN - MONDAY, DEC 06, 2021 - 06:30 AM
Authored by Tom Luongo via Gold, Goats, 'n
Guns blog,
https://www.zerohedge.com/geopolitical/davos-making-central-bank-case-gold
TM Great Buy Red Cloud raises target to C$18 (from C$13.25)
https://cdn-ceo-ca.s3.amazonaws.com/1gqhn3n-20211201-GCM-Update-2.pdf
Summary
Gran Colombia Gold changed its name to GCM Mining.
The updated Toroparu PEA confirms the world-class potential of the
project.
Toroparu should reach an average annual production rate of 225,000 toz
gold, at an AISC of $916/toz, over the 24-year mine life.
At a gold price of $1,500/toz, the after-tax NPV(5%) equals $794 million.
GCM Mining remains one of the most undervalued gold miners.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166970641
$In GOD We Trust - Real Money - AU Safety 6000yrs )
https://www.kitconet.com/images/quotes_7a.gif?1493417496003
http://www.kitconet.com/images/live/au0001wb.gif
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
https://www.usdebtclock.org/
God Bless
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166747120
Ps.
opinion appreciated
its all still happening, funny when you look at gold trading long enough its just like looking at the matrix, u can see when its getting manipulated and when there are just oodles of buying. the later is happening everyday in the physical for sure.
Big Banks most heinous criminals in partnership with Central Banks.
JPM settle spoofing lawsuit with $60mln payment
Rajan Dhall
Monday November 22, 2021 05:46
Kitco News
(Kitco News) - Reuters have reported that JPMorgan Chase & Co has agreed to pay $60 million to settle class-action litigation by investors who accused the largest U.S. bank of manipulating prices of precious metals futures and options.
U.S. government investigations into a form of illegal trading in precious metals and U.S. Treasury markets, known as spoofing. Spoofing is where traders place orders they intend to cancel, hoping to move prices to benefit their market positions. For example, a trader could put a massive bid in to buy gold underneath the current price in the hope that other traders will see it and start buying. This could push the price higher when the original bid was never meant to be filled. All the while the traders could be holding the commodity watching the price rise.
The U.S. investment bank did not admit wrongdoing in agreeing to the settlement, which covers traders in precious metals futures and options from March 2008 to August 2016 and requires approval by a federal judge in Manhattan.
Lawyers for the investors called the accord "substantively fair," citing among other reasons the risks of continued litigation.
The payout would recover about 7% of the estimated $915 million of classwide damages, the lawyers added. JPMorgan declined to comment.
In September 2020, JPMorgan entered a deferred prosecution agreement and agreed to pay $920 million, including a $436 million criminal fine, to settle U.S. government probes into spoofing in precious metals and Treasuries. The New York-based bank in September reached a $15.7 million settlement with investors over Treasury spoofing. Lawyers for the precious metals investors plan to seek up to one-third of their settlement, or $20 million, to cover legal fees.
JPMorgan is not the only bank that has been in hot water over spoofing. U.S. authorities investigated two former employees of Deutsche Bank traders who were found guilty of manipulating gold and silver prices. After a two-week court case (September 2020) a federal judge in Chicago found James Vorley, 42, of the United Kingdom, and Cedric Chanu, 40, of France and the United Arab Emirates, were convicted of three counts and seven counts, respectively, of wire fraud affecting a financial institution. Let's hope this latest action can help clean up market manipulation.
I think Congress has prohibited presidents from issuing any further orders banning gold. Of course, laws can always be changed.
Gold is still heavily rigged regardless because who owns or at least controls most of the gold in the world? The central bankers, of course.
Think about it, though. One president had the audacity to ban the ownership of a substance widely used for millennia by human beings. A snap of the finger--wet ink on paper and that's all. Too many Americans abided with that order. We should never do it again--including illegal 'mandates' about taking jabs to keep jobs.
President Eisenhower banned Americans from owning gold anywhere in the world. But following the presidential victory of John F. Kennedy — who was predicted to pursue inflationist monetary policies — gold surged anyway, breaking $40 per ounce. It was not easy to demonetize gold in a world of increasing paper currency.
American and European powers tried to band-aid the system by creating the London Gold Pool. Formed in 1961, the pool’s mission was to fix the gold price. Whenever market demand pushed up the price, central banks coordinated to sell part of their reserves. The pool came under relentless pressure in the 1960s, both from the dollar depreciating against the rising currencies of Japan and Europe and from the enormous expenditures of Great Society programs and the U.S. war in Vietnam.
Some economists saw the failure of the Bretton Woods system as inevitable. Robert Triffin predicted that the dollar could not act as the international reserve currency with a current account surplus. In what is known as the “Triffin dilemma,” he theorized that countries worldwide would have a growing need for that “key currency,” and liabilities would necessarily expand beyond what the key country could hold in reserves, creating a larger and larger debt position. Eventually the debt position would grow so large so as to cause the currency to collapse, destroying the system.
By 1964, this dynamic began to visibly kick in, as American foreign debt finally exceeded the Treasury’s gold stock. Hudson says that American overseas military spending was “the entire balance-of-payments deficit as the private sector and non-military government transactions remained in balance.”
The London Gold Pool was held in place (buoyed by gold sales from the Soviet Union and South Africa) until 1968, when the arrangement collapsed and a new two-tiered system with a “government” price and a “market” price emerged.
That same year, President Lyndon B. Johnson shocked the American public when he announced he would not run for another term, possibly in part because of the stress of the unraveling monetary system. Richard Nixon won the presidency in 1968, and his administration did its part to convince other nations to stop converting dollars to gold.
By the end of that year, the U.S. had drawn down its gold from 700 million to 300 million ounces. A few months later, Congress removed the 25% gold backing requirement for federal reserve notes, cutting one more link between the U.S. money supply and gold. Fifty economists had signed a letter warning against such an action, saying it would “open the way to a practically unlimited expansion of Federal Reserve notes… and a decline and even collapse in the value of our currency.”
In 1969, with the end of Bretton Woods palpably close, the IMF introduced Special Drawing Rights (SDRs) or “paper gold.” These currency units were supposed to be equal to gold, but not redeemable for the metal. The move was celebrated in newspapers worldwide as creating a new currency that would “fill monetary needs but exist only on books.” In Hudson’s view, the IMF violated its founding charter by bailing out the U.S. with billions of SDRs.
He says the SDR strategy was “akin to a tax levied upon payments surplus nations by the United States… it represented a transfer of goods and resources from civilian and government sectors of payments-surplus nations to payments deficit countries, a transfer for which no tangible quid pro quo was to be received by the nations who had refrained from embarking on the extravagance of war.”
By 1971, short-term dollar liabilities to foreigners exceeded $50 billion, but gold holdings dipped below $10 billion. Mirroring the World War I behavior of Germany and Britain, the U.S. inflated its money supply to 18-times its gold reserves while it waged the Vietnam War.
III. THE DEATH OF THE GOLD STANDARD AND THE RISE OF THE TREASURY BILL STANDARD
As it became clear that the U.S. government could not possibly redeem extant dollars for gold, foreign countries found themselves in a trap. They could not sell off their U.S. treasuries or refuse to accept dollars, as this would collapse the dollar’s value in currency markets, advantaging U.S. exports and harming their own industries. This is the key mechanism that made the Treasury bill system work.
As foreign central banks received dollars from their exporters and commercial banks, Hudson says they had “little choice but to lend these dollars to the U.S. government.” They also gave seigniorage privilege to the U.S. as foreign nations “earned” a negative interest rate on American paper promises most years between the end of World War II and the fall of the Berlin Wall, in effect paying Washington to hold their money on a real basis.
“Instead of U.S. citizens and companies being taxed or U.S. capital markets being obliged to finance the rising federal deficit,” Hudson writes, “foreign economies were obliged to buy the new Treasury bonds… America’s Cold War spending thus became a tax on foreigners. It was their central banks who financed the costs of the war in Southeast Asia.”
American officials, annoyed that the allies never paid them back for World War I, could now get their pound of flesh in another way.
French diplomat Jacques Rueff gave his take on the mechanism behind the Treasury bill standard in his book, “The Monetary Sin Of The West”:
“Having learned the secret of having a ‘deficit without tears,’ it was only human for the US to use that knowledge, thereby putting its balance of payments in a permanent state of deficit. Inflation would develop in the surplus countries as they increased their own currencies on the basis of the increased dollar reserves held by their central banks. The convertibility of the reserve currency, the dollar, would eventually be abolished owing to the gradual but unlimited accumulation of sight loans redeemable in US gold.”
https://www.zerohedge.com/geopolitical/bitcoin-end-us-super-imperialism
The JP Morgan and New York Fed desk traders going to fill that $54 gap. Will be waiting.
I really miss some of chat tech posters that used to be here even though fundamentals don't mean a thing on this etf.
To me, things are looking like they could break out if we can break past the down trend line on the lower highs.
Gold +22, NUGT +6cents. Just keeping it real.
Where did u get this from?
Looking good started play at $44,
Cashed some $50s out
trunkmonk Note; Market Analysis » Just 72 Hours from Anarchy – Bill Holter
Just 72 Hours from Anarchy – Bill Holter
By Greg Hunter On October 12, 2021 In Market Analysis 4 Comments
By Greg Hunter’s USAWatchdog.com
https://usawatchdog.com/just-72-hours-from-anarchy-bill-holter/
Note; The Beginning Of The End" | Alasdair MacLeod
1,441 views Premiered 69 minutes ago
Liberty and Finance
61.5K subscribers
Time to play the last area the New York Fed desk traders and Big Banks have artificially and rigged down: Gold and Silver.
They will let Gold and Silver run a little now because fuel costs are up to roof for miners.
See NUGT at $80 in December
gold down and this shooting up on big volume
Gold and silver futures getting hammered so far on this Sunday.
$TM thanks; $6.8 M SALE OF GOLD FOR THE 4TH QUARTER AND $ 27.8 M FOR THE 12
MONTH PERIOD ENDED ON JUNE 30, 2021
https://abcourt.com/wp-content/uploads/2021/07/PR20210726.pdf
_________________________________________________________________
Rouyn-Noranda, Québec, Canada, July 26, 2021
$Abcourt Mines Inc. (TSX-V: ABI, Berlin: AML-BE and Frankfurt Stock
Exchanges: AML-FF)
(“Abcourt” or the “Corporation”),
Abcourt Mines reports sales of gold of $ 6.8 M for the 4th quarter
ended on June 30, 2021.
These sales are 42% higher than those of the previous quarter at $ 4.8
M and
17% higher than those of the same quarter of the previous year at $ 5.8
M.
For the 12-month period ended on June 30, 2021, the sales of gold
totaled $ 27.8 M, that is 16% more
than in the previous year at $ 24.0 M.
The sales for the 12-month period ended June 30, 2021 are the best
to date, despite a temporary closure of five weeks due to a failure of
the Elder hoist. These figures have
not been examined nor validated by our external auditors.
Additional financial information will be provided
after the audit.
$ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a gold producer and a Canadian exploration company
with strategically located
properties in northwestern Quebec, Canada.
The Elder property has gold resources (2018).
Abcourt is
currently focusing on the exploitation of the Elder mine and on the
development of the Sleeping Giant mine.
In 2016, Abcourt acquired the Sleeping Giant mine and mill, located
half-way between Amos and
Matagami, in Abitibi, Quebec, in the territory covered by
the Plan Nord of the Quebec government.
The mill has a capacity of 700 to 750 tonnes per day.
A NI 43-101 resource estimate and feasibility study with
reserves were recently completed by PRB Mining Services Inc.
Proven mineral resources total 10,900 tonnes with a grade
of 12.20 g/t of gold and probable reserves total 475,625 tonnes
with a grade of 11.20 g/t of gold.
Inferred resources are in 93,100 tonnes with a grade
of 11.85 g/t of gold.
For the long term at
the Sleeping Giant mine, important mineralized targets in gold will be
explored by drilling as soon as
possible.
Pierre Lassonde: 1:1 Dow to Gold Ratio - $25,000 Gold Coming
22,126 views•May 31, 2021
Wait, I thought you were supposed to sell your miners at the Top, short the Exchange Turd Funds till you see a bottom and then Buy back your miners and put the profits in physical?
Am I doin' it wrong?
$trunkmonk thanks; Golden cross forms in gold’s chart
Posted on July 8, 2021 by Opinion
MarketWatch/Mark DeCambre/7-6-2021
Gold Price
(Gold price, 50-day and 200-day moving averages)
Overlay chart showing the 50-day and 200-day averages crossing –
a TI bulliish indicator
$Gran Colombia Announces Results From the 2021 Drill Program at Its
Toroparu Project in Guyana; Confirms 4-Km Strike Length of Structurally
Controlled High-Grade Gold Mineralized Structures
July 6, 2021
TORONTO, July 06, 2021 (GLOBE NEWSWIRE) --
$Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) (“Gran Colombia”
or the “Company”) is pleased to announce results from the recently
completed Phase 2 diamond drill program at its 100%-owned
Toroparu Project in Western Guyana.
The 10,494 meters Phase 2 program was designed to confirm the
continuity of both the northwest oriented high-grade gold structures
and the cross cutting east-west high-grade structures that create a
repeatable pattern of intersecting zones amenable to underground mining
methods over the 4 kilometer strike length of the Toroparu Project1.
Serafino Iacono, Executive Chairman of Gran Colombia, commented,
“The discovery of the structural control of high-grade gold
mineralization at Toroparu has reaffirmed our confidence in the
npotential value of this project as one of our cornerstone assets.
The recently completed, two-phase diamond drill program comprised a
total of 20,750 meters in 114 drill holes and has confirmed
a 4-kilometer ("km") strike length of high-grade structurally
controlled gold mineralization at Toroparu.
In addition, the program identified a repeated pattern of intersections
of NW-SE and E-W oriented sub-vertical structures containing high-grade
zones extending over mineable widths up to 100 m vertically (“jewelry
boxes”)2 that support our belief that a high-grade resource amenable to
underground mining methods lies at the core of this very large,
disseminated gold deposit.
We are currently working with Nordmin to prepare an updated mineral
resource estimate and preliminary economic assessment (“PEA”)
incorporating the high-grade results from this latest drilling program.
We expect the PEA will be completed later this summer.”
Highlights
Assay results from the 2021 Phase 2 High-Grade Definition Drill Program
extend high-grade mineralization to the northwest of historical
drilling and confirm a 4-km overall strike length of Toroparu Deposit
Area (Figures 1 and 2).
Drill results identify several additional concentrations of high-grade
gold contained in intersecting NW-SE and E-W structures (“pipes”) that
occur in a repetitive pattern across the deposit (Figure 2).
These structural pipes exhibit continuity over 2 metre ("m") to 25 m
widths extending over 30 to 100 vertical metres and confirm the
potential for significant volumes of gold mineralization amenable to
underground mining methods exists along the 4 km Toroparu Deposit Area.
The high-grade mineralized pipes, ranging in grade from approximately
5 g/t gold ("Au") to greater than 20 g/t Au over potentially mineable
widths, are often surrounded by a lower grade (0.5 - 5.0 g/t Au) halo
of mineralized material. (Figure 5).
The high-grade gold grades intersected in structures range from
2.42 g/t Au to 101.7 g/t Au and have a length-weighted average grade of
6.7 g/t Au (uncut) over 113 m and 76 intervals highlighted in this
release (Table 1).
Since historical drilling has been limited to the upper 450 m of
vertical extension of the deposit, this remains open at depth across
the 4-km of strike length at depths that are relatively shallow for an
underground mine.
Results from the most northwest set of drill holes, which intersected
multiple high-grade intervals indicate that the high-grade structural
component of the deposit is still open along strike to the northwest.
Figure 1: 2020/2021 Drill Results
https://www.globenewswire.com/NewsRoom/AttachmentNg/cafe9a55-43f7-489c-ac04-00017211a672
2021 Phase 2 Drill Program - Drill Result Highlights (Figures 1 through 8)
Significant intercepts were encountered in 27 of the 42 holes drilled.
Highlights of best intercepts are presented in table below:
https://grancolombiagold.com/news-and-investors/press-releases/press-releases-details/2021/Gran-Colombia-Announces-Results-From-the-2021-Drill-Program-at-Its-Toroparu-Project-in-Guyana-Confirms-4-Km-Strike-Length-of-Structurally-Controlled-High-Grade-Gold-Mineralized-Structures/default.aspx
welcome to; Gran Colombia Gold: Largest Colombian Gold Producer with Growth Plans
Jun 25, 2021
Paul giving you a following mark )
TIA
Buy physical gold and silver now. Forget about turd etfs.
Gold down 1, this turd down 3. Looks like number 1 went number 2 on number 3.
Real rates are -4.1 now. Fed is in corner in fetal position. Or the General is as close to Powell’s mindset as possible. He is a legend in his own transitory mind.
$trunkmonk thanks; Gran Colombia Gold Corp. (TPRFF)(GCM) NEW Corporate Presentation - June 2021
June 04, 2021
Download PDF (5.70 MB)
http://www.grancolombiagold.com/news-and-investors/events-and-presentations/presentations/default.aspx
$Gran Colombia Completes Arrangement with Gold X for the Creation of a New Mid-Tier Latin American Gold Producer
June 04, 2021
TORONTO, June 04, 2021 (GLOBE NEWSWIRE) --
$Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) (“Gran Colombia”)
announced today the completion of its acquisition of all of the issued
and outstanding common shares (the “Gold X Shares”) of
Gold X Mining Corp. (TSXV: GLDX) (“Gold X”) not already owned by
Gran Colombia by way of a statutory plan of arrangement (the
“Arrangement”) under the Business Corporations Act (British Columbia).
The Arrangement became effective at 12:01 a.m. (Pacific Time) on
June 4, 2021 (the “Effective Time”).
As a result of the Arrangement, Gold X became a direct, wholly-owned
subsidiary of Gran Colombia and Gran Colombia gained control of
The Toroparu Gold Project located in Guyana, South America.
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2021/Gran-Colombia-Completes-Arrangement-with-Gold-X-for-the-Creation-of-a-New-Mid-Tier-Latin-American-Gold-Producer/default.aspx
Serafino Iacono, Executive Chairman of Gran Colombia, commented: “With the closing of the Gold X acquisition today, we have created a new mid-tier Latin-American gold producer with a complementary asset portfolio including the world-class, free cash flow generating Segovia Operations located in Colombia and the large, high-growth and substantially de-risked Toroparu Gold Project in Guyana.
$On a combined basis1 for Segovia and Toroparu, our measured and
indicated gold resources now total 8,778,000 ounces (256.5 Mt grading
1.06 g/t Au) and we have another 4,359,000 ounces of gold in the
inferred category (132.6 Mt grading 1.02 g/t Au).
Over the next couple of months, we will be refining our development options at Toroparu, including an update of the mineral resource estimate for the Toroparu Project to incorporate the new geologic model and project optimization that includes the discovery of continuous high-grade gold bearing structures extending for at least 3 kilometers in strike and at least 450 meters in depth as recently announced by Gold X.
With approximately US$6 million of cash in Gold X at closing of this acquisition, this next stage of project evaluation that will lead to an updated preliminary economic assessment for Toroparu is fully funded.
We are very excited to begin this next chapter, creating value for our shareholders through our diversified growth platform centered on these two cornerstone assets and our equity positions in Aris Gold and Denarius.”
Completion of the Arrangement
Pursuant to the Arrangement, each holder of Gold X Shares is entitled to receive 0.6948 of a common share in the capital of Gran Colombia (a “Gran Colombia Share”) for each Gold X Share held immediately prior to the Effective Time, (the “Exchange Ratio”).
As of today, the Company now has 98,287,088 common shares issued and outstanding and a total of approximately 132.1 million common shares on a fully-diluted basis.
With Gold X now a wholly-owned subsidiary of Gran Colombia, Gran Colombia intends to de-list the Gold X Shares from the TSX Venture Exchange as soon as practicable.
Gran Colombia also intends to submit an application to the applicable securities regulators to have Gold X cease to be a reporting issuer and terminate its public reporting obligations.
Prior to the completion of the Arrangement, Gran Colombia owned, directly or indirectly, or exercised control or direction over, 9,571,158 Gold X Shares representing approximately 15% of the issued and outstanding Gold X Shares prior to the completion of the Arrangement.
Information for Former Gold X Shareholders
In order to receive Gran Colombia Shares in exchange for Gold X Shares at the Exchange Ratio, registered shareholders of Gold X must complete, sign, date and return the letter of transmittal that was mailed to each Gold X shareholder prior to the Effective Time.
The letter of transmittal is also available under Gold X’s profile on SEDAR at www.sedar.com.
For those shareholders of Gold X whose Gold X Shares are registered in the name of a broker, investment dealer, bank, trust company, trust or other intermediary or nominee, they should contact such nominee for assistance in depositing their Gold X Shares and should follow the instructions of such intermediary or nominee.
Warrants and Options
Pursuant to the Arrangement, all stock options of Gold X (the “Gold X Options”) were accelerated and exercised prior to the Effective Time, or, if not exercised, were terminated at the Effective Time without payment of any consideration to the holders of such terminated Gold X Options.
All share purchase warrants of Gold X (the “Gold X Warrants”) outstanding immediately prior to the Effective Time remain outstanding and each Gold X Warrant shall entitle the holder thereof to receive, upon exercise, Gran Colombia Shares in accordance with the Exchange Ratio, on and subject to the terms and conditions of such securities.
Additional Information
Full details of the Arrangement are set out in the arrangement agreement between Gran Colombia and Gold X dated March 14, 2021, which has been filed by Gran Colombia and Gold X under their respective profiles on SEDAR at www.sedar.com.
In addition, further information regarding the Arrangement is contained in Gold X’s management information circular dated April 23, 2021 (the “Gold X Circular”) and in Gran Colombia’s management information circular dated April 16, 2021 (the “Gran Colombia Circular”), filed under their respective profiles on SEDAR at www.sedar.com.
Early Warning Reporting
By virtue of its acquisition of all the issued and outstanding Gold X Shares under the Arrangement, Gran Colombia is required to file an early warning report pursuant to National Instrument 62-103 –
The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.
A copy of the Early Warning Report will be filed on Gran Colombia’s SEDAR profile at www.sedar.com .
Qualified Persons Review
The scientific and technical information in this news release has been reviewed and approved by Stewart Redwood, BSc (Hons), PhD, FIMMM, FGS, a “Qualified Person” as defined under National Instrument 43-101.
$About Gran Colombia Gold Corp.
Gran Colombia is a mid-tier gold producer with a proven track record
of mine building and operating in Latin America.
In Colombia, the Company is currently the largest underground gold and
silver producer with several mines in operation at its high-grade
Segovia Operations.
In Guyana, the Company is advancing the Toroparu Project, one of
the largest undeveloped gold projects in the Americas.
Gran Colombia also owns approximately
44% of Aris Gold Corporation (TSX: ARIS), a Canadian mining company
currently advancing a major expansion and modernization of its
underground mining operations at its
Marmato Project in Colombia.
Gran Colombia’s project pipeline also includes an approximately
27% equity interest in Denarius Silver Corp. (TSX-V: DSLV) (Spain –
Lomero-Poyatos; Colombia –
Guia Antigua and Zancudo) and an approximately
26% equity interest in Western Atlas Resources Inc. (TSX-V: WA)
(Nunavut – Meadowbank).
Additional information on Gran Colombia can be found on its website at
http://www.grancolombiagold.com
and by reviewing its profile on SEDAR at www.sedar.com .
Cautionary Statement on Forward-Looking Information
This news release contains "forward-looking information", ----forward-
looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
1 Excluding the pro-rata share of resources from equity interests in
other companies.
For Further Information, Contact:
Mike Davies
Chief Financial Officer
(416) 360-4653
investorrelations@grancolombiagold.com
Primary Logo
Source: Gran Colombia Gold
$Pierre Lassonde: 1:1 Dow to Gold Ratio - $25,000 Gold Coming
22,126 views•May 31, 2021
Lol now it’s gold up 20, NUGT up 2, negative 3x.
Again gold down 20, NUGT down 6, gold up almost 20 NUGT up less than 2. U can’t make this stuff up.
Even though NUGT is somewhat of an indicator of miners through GDX, it’s saying NUGT sucks and miners are not advancing. Looking for near end of June for good entry into miners.
Rare but happens, gold almost up 20, and dollar down .2% today and NUGT can and may close negative. Can’t make this stuff up folks. Oh and GDX is up. Update. GDX up .3 so NUGT tweeted green by .1. Lol.
If gold breaks and stays above 1850s next week......look out above, and get out of the way. Message brought to shorts by caring longs.
Gold up 25, NUGT up 3.5.
#NUGT: $8'000 GOLD APRIL 2022.....
$160 SILVER... ALL IN ...!
$NUGT Gold price could double in 5 years, here's why yields are not a problem
"One of the main drivers for gold demand is a hedge against inflation," Guardian Vaults business development manager John Feeney told Kitco News." Inflation usually comes about after a rapid increase in the money supply. That's exactly what we saw in 2020 — an unprecedented expansion of the money supply globally last year."
#NUGT: GOLD FEVER TAKING OVER...
RECIOUS METALS MINERS SETTING UP FOR A BREAKOUT RALLY – WAIT FOR CONFIRMATION
https://www.thetechnicaltraders.com/precious-metals-miners-setting-up-for-a-breakout-rally-wait-for-confirmation/
the Gig is up, ive been watching and saying it for years, but this guy not only gets it, so will everyone else very soon. anger does not describe my feeling for what the fed and treasury and now democratic party is doing to the world financial system. are they stupid or sumptin, hardly. more like planned, just like I watch Greenspan raise interest rate for over a year after I could see the huge housing bubble forming. I couldnt believe his apparent incompetence to raise rates into balloon mortgages and APR rates where people were paying only the interest on the loan. Just like now, they know what they are doing to the real economy, Biden knows he has to print Trillions more to band aid for the comatose GDP, growth, and yes velocity of money, which printing money will not fix. this is the most important graph you can look at this year. Believe me, the EU, Russians, Chinese, and even Japan understand its consequences.
1\https://www.zerohedge.com/economics/do-we-really-think-band-aid-will-heal-tumor
Maybe, still not convinced here for sure. Do your own DD.
http://www.321gold.com/editorials/sfs/hubbartt032621.html
Not yet, can still see steaming in the mornings.
Might be time to pile into this garbage for a while.
Imo gold gets somewhere between 2400 and 33k/oz. by end of 2023, depending on world events.
$NUGT How much gold is there left to mine in the world?
https://www.bbc.com/news/business-54230737
Might be worth the watch to some here. "The Calm before the Storm"
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The NYSE Arca Gold Miners Index is comprised of publicly traded companies that operate globally in both developed and emerging markets, and are involved primarily in the mining for gold and silver. One cannot invest in an index.
Canada | 63.45% |
United States | 15.48% |
South Africa | 12.67% |
Peru | 4.82% |
Jersey | 3.58% |
Data as of 03/31/2012 is subject to change at any time
Goldcorp Inc | NYSE: GG | 16.20% |
Barrick Gold | NYSE: ABX | 15.37% |
Newmont Mining | NYSE: NEM | 10.88% |
Harmony Gold Mining Adr | NYSE: HMY | 5.21% |
Coeur d'alene Mines | NYSE: CDE | 5.11% |
Yamana Gold | NYSE: AUY | 5.00% |
Anglogold Ashanti Ltd Ads | NYSE: AU | 4.88% |
Gold Fields Ltd Adr | NYSE: GFI | 4.80% |
Randgold Resources Ads | NASDAQ: GOLD | 4.71% |
Iamgoldcorp | NYSE: IAG | 4.43% |
Eldorado Gold Corp | NYSE: EGO | 4.34% |
Hecla Mining | NYSE: HL | 4.14% |
Comp de Minas Buenaventura Ads | NYSE: BVN | 4.08% |
New Gold Inc | AMEX: NGD | 3.90% |
Kinross Gold | NYSE: KGC | 3.85% |
Agnico Eagle Mines | NYSE: AEM | 3.11% |
Adjustments are made quarterly after the close of trading on the third Friday of March, June, September, and December so that each component stock represents its assigned weight in the index.
The HUI-gold ratio is an expression which compares the relative quantities of the Amex Gold BUGS Index and the price of gold. The ratio is calculated by dividing the value of the Amex Gold BUGS Index by the price of gold.
Investors use the HUI-gold ratio to illustrate the ever-shifting relative strength of the gold stocks versus gold.[3]
You're in, and you're out. You know that TRADING is different than investing. But the opportunity to take advantage of short-term trends is only won, if you get the direction right.
Whether you're a bull or a bear, Direxion Shares is with you. Our leveraged ETFs are powerful tools built to help you:
The Leveraged ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged investment results and intend to actively monitor and manage their investments. Leverage ETFs are not designed to track the underlying index over a longer period of time.
Daily Holdings as of 3/31/2015
57060U100 | MARKET VECTORS GOLD MINERS | 6810687 |
GDX | MKT VECTORS GLD MINERS IX SWAP | 30432754 |
GDXBP | MKT VECTORS GLD MINERS IX SWAP | 24420607 |
GDXCT | MKT VECTORS GLD MINERS IX SWAP | 17418685 |
GDXDB | MKT VECTORS GLD MINERS IX SWAP | 22568308 |
GDXMS | MKT VECTORS GLD MINERS IX SWAP | 6749335 |
GDXU | MKT VECTORS GLD MINERS IX SWAP | 15583805 |
S87599610 | BANK OF NEW YORK CASH RESERVE | 261550694.4 |
S9999146S | MORGAN STANLEY ILF/TREAS/INST | 27360104.94 |
S9999162B | DREYFUS TREAS PRIME CASH MGMT/INST | 169780051.3 |
S9999162C | DREYFUS TREAS PRIME CASH MGMT/INST | 68211976.94 |
S9999162D | DREYFUS TREAS PRIME CASH MGMT/INST | 120309665 |
S9999162T | DREYFUS TREAS PRIME CASH MGMT/INST | 66912608.47 |
S9999162U | DREYFUS TRSRY PRIME CASH MGT 761 | 90050018.02 |
Index Country Weightings (%) | |
CANADA | 58.81 |
UNITED STATES | 12.75 |
SOUTH AFRICA | 10.52 |
JERSEY | 6.41 |
AUSTRALIA | 5.62 |
PERU | 2.90 |
CHINA | 2.31 |
HONG KONG | 0.69 |
Goldcorp Inc | GG US | 34,770,909 | 764,264,580 | 10.19 | |||
Barrick Gold Corp | ABX US | 49,778,557 | 648,116,812 | 8.64 | |||
Newmont Mining Corp | NEM US | 21,318,739 | 561,322,398 | 7.48 | |||
Newcrest Mining Ltd | NCM AU | 36,967,164 | 415,255,931 | 5.53 | |||
Randgold Resources Ltd | GOLD US | 5,074,959 | 401,886,003 | 5.36 | |||
Agnico-Eagle Mines Ltd | AEM US | 12,148,620 | 390,578,133 | 5.21 | |||
Franco-Nevada Corp | FNV US | 6,661,503 | 351,394,283 | 4.68 | |||
Silver Wheaton Corp | SLW US | 15,858,482 | 342,384,626 | 4.56 | |||
Anglogold Ashanti Ltd | AU US | 29,109,185 | 328,060,515 | 4.37 | |||
Royal Gold Inc | RGLD US | 4,366,263 | 314,807,562 | 4.20 |
Top 25 Holdings | % Portfolio Weight | Shares Owned | Shares Change | Sector | Style | First Bought | Latest Analyst Report | Country | YTD Return | P/E | ||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Portfolio Date: 07/21/2015 YTD Return Date: 07/21/2015 Increase Decrease New to Portfolio | ||||||||||||||
Goldcorp Inc | 7.25 | 26,100,458 | -97,600 | 08/31/2006 | — | Canada | -18.93 | — | ||||||
Newmont Mining Corp | 6.57 | 16,640,272 | -62,225 | 08/31/2006 | 06/09/2015 | United States | -0.58 | 15.44 | ||||||
Barrick Gold Corp | 5.79 | 36,634,039 | -137,000 | 08/31/2006 | — | Canada | -22.19 | — | ||||||
Franco-Nevada Corp | 5.56 | 6,524,128 | -24,400 | 09/30/2013 | — | Canada | -7.60 | 68.44 | ||||||
Newcrest Mining Ltd | 5.50 | 29,692,389 | -111,025 | 09/30/2013 | — | Australia | 5.88 | — | ||||||
Randgold Resources Ltd ADR | 5.49 | 4,353,514 | -16,275 | 08/31/2006 | — | United Kingdom | -10.27 | 26.58 | ||||||
Agnico Eagle Mines Ltd | 4.95 | 10,072,941 | -37,675 | 08/31/2006 | — | Canada | 5.05 | 329.07 | ||||||
Royal Gold Inc | 4.73 | 4,379,394 | -16,375 | 08/31/2006 | — | United States | -17.48 | 62.10 | ||||||
Silver Wheaton Corp | 4.57 | 16,946,119 | -63,375 | 12/31/2007 | — | Canada | -29.36 | 27.31 | ||||||
Anglogold Ashanti Ltd ADR | 3.91 | 27,143,977 | -101,500 | 08/31/2006 | 06/09/2015 | South Africa | -21.49 | — | ||||||
Eldorado Gold Corp | 3.30 | 47,866,041 | -178,975 | 08/31/2006 | — | Canada | -39.97 | 37.12 | ||||||
Gold Fields Ltd ADR | 3.15 | 51,969,183 | -194,325 | 08/31/2006 | — | South Africa | -36.06 | — | ||||||
Buenaventura Mining Co Inc ADR | 3.02 | 18,411,682 | -68,850 | 08/31/2006 | 04/30/2015 | Peru | -18.51 | — | ||||||
Yamana Gold Inc | 2.85 | 62,894,500 | -235,175 | 08/31/2006 | — | Canada | -40.54 | — | ||||||
Tahoe Resources Inc | 2.79 | 14,952,564 | -55,950 | 06/22/2015 | — | Canada | -27.96 | 13.34 | ||||||
Kinross Gold Corp | 2.76 | 76,563,728 | -286,300 | 08/31/2006 | — | Canada | -32.21 | — | ||||||
Zijin Mining Group Co Ltd H Shares | 2.35 | 385,394,000 | -1,450,000 | 09/30/2013 | — | China | 6.43 | 17.20 | ||||||
Detour Gold Corp | 2.15 | 11,393,049 | -42,600 | 09/30/2013 | — | Canada | 22.13 | — | ||||||
Sibanye Gold Ltd ADR | 1.88 | 15,261,967 | -57,075 | 09/30/2013 | — | South Africa | -20.19 | 9.94 | ||||||
New Gold Inc | 1.61 | 34,005,311 | -127,150 | 08/31/2008 | — | Canada | -41.57 | — | ||||||
B2Gold Corp | 1.52 | 61,552,528 | -230,175 | 06/28/2013 | — | Canada | -20.00 | — | ||||||
Centerra Gold Inc | 1.51 | 15,795,935 | -59,075 | 06/23/2014 | — | Canada | -1.82 | — | ||||||
Pan American Silver Corp | 1.43 | 10,129,356 | -37,875 | 08/31/2006 | — | Canada | -17.10 | — | ||||||
Centamin PLC | 1.40 | 76,957,713 | -287,775 | 09/30/2013 | — | United Kingdom | -3.70 | 12.15 | ||||||
Osisko Gold Royalties Ltd | 1.39 | 6,287,927 | -23,525 | — | 03/23/2015 | — | Canada | -16.70 | 61.4 |
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