Kerr Mines Inc (KER)

[goldenpolarbear]

”.... Apple Is Not the Only Problem
Although the news from Apple sent the stock sharply lower, other news may have also played a big role in dragging the broader markets down. On Thursday, the latest reading on ISM manufacturing sank to its lowest level in two years. Although a reading of 54.1 still indicates expansion, the rate of expansion is sharply slower. A recent article from cnbc.com quoted Timothy Fiore, Chair for the Institute of Supply Management, as saying: "Comments from the panel reflect continued expanding business strength, but at much lower levels. Demand softened, with the New Orders Index retreating to recent low levels, the Customers' Inventories Index remaining too low — a positive heading into the first quarter of 2019 — and the Backlog of Orders declining to a zero-expansion level."

The weaker-than-expected ISM report is just another in a string of manufacturing data that has shown increasingly weaker conditions.

At a time when there are already serious concerns over the health of the global economy, any further weakness in the sector could fuel significant risk aversion as fears of recession take center stage.

“...Market Reaction
The gold market saw more safe-haven buying interest yesterday as it approaches the $1,300 per ounce level. The market is seeing some profit-taking today, however, as a stellar jobs report and some reassurances from Fed Chief Jerome Powell lift stocks. In early action, the spot gold price is down $7.74/oz at $1284.06. The market is already well-off its session lows, however, as buyers appear quite comfortable stepping in to buy the dip....”


https://goldprice.org/news/gold-prices-could-continue-uptrend-economic-concerns-mount

“...About Kerr Mines Inc.
Kerr Mines is an Emerging American Gold Producer currently advancing the 100% owned, fully permitted past-producing Copperstone Mine project to production. Copperstone is a high-grade gold project located along a detachment fault mineral belt in mining-friendly Arizona. This gold project in Arizona demonstrates tremendous exploration potential targeting multi-million ounce prospects within a 4,775 hectare (11,800 acres) land package.

About Sprott Inc.
Sprott is an alternative asset manager and a global leader in precious metal and real asset investments. Through its subsidiaries in Canada, the US and Asia, the company is dedicated to providing investors with best-in-class investment strategies that include Exchange Listed Products, Alternative Asset Management and Private Resource Investments. The company also operates Merchant Banking and Brokerage businesses in both Canada and the US. Sprott is based in Toronto with offices in New York, Carlsbad and Vancouver and its common shares are listed on the Toronto Stock Exchange under the symbol (TSX:SII). For more information, please visit www.sprottinc.com....”

https://globenewswire.com/news-release/2018/11/28/1658063/0/en/Kerr-Mines-Closes-Oversubscribed-Private-Placement-and-Convertible-Note-Financing-From-Sprott-Lending.html

https://kerrmines.com/

[goldenpolarbear]

How billionaire Investors Are Protecting Their Wealth

« ... Sprott Physical Bullion Trusts

http://sprott.com/investment-strategies/physical-bullion-trusts/

https://globenewswire.com/news-release/2018/11/28/1658063/0/en/Kerr-Mines-Closes-Oversubscribed-Private-Placement-and-Convertible-Note-Financing-From-Sprott-Lending.html

[goldenpolarbear]

“... Gold Price Near $1,300 Following Weak US Manufacturing Industry Report
The ISM Purchasing Manufacturer’s Index slipped over 5% for December, lower than anticipated. The Institute for Supply Management report shows continued growth at 54.1%, but at “much lower levels”.

Key Takeaways

The index dropped from 59.3% to 54.1% compared to the forecast 57.7%.

The ISM chair described the downward movement as a sharp decline from the month before.

All main components of the index showed decline, led by new orders.

This sharp 5.2 point drop has only been exceeded twice since the turn of the century.

https://goldprice.org/news/gold-price-near-%241300-following-weak-us-manufacturing-industry-report

https://kerrmines.com

[goldenpolarbear]

FRC Fair Value Estimate: $0.49 per share

“... Sid Rajeev, B.Tech, MBA, CFA Head of Research
Week of November 13, 2018


“...Project Financing of up to US$25M for Kerr Mines from Sprott
Kerr Mines Inc. (TSX: KER / Share Price: $0.125 per share/ FRC Fair Value Estimate: $0.49 per share):

Announcement: On November 6, 2018, Kerr announced a potential financing arrangement with Sprott Private Resource Lending (TSX: SII), wherein Sprott could provide financing of up to US$25 million to fund development of the Copperstone mine.

? Phase 1 (expected be completed this month) - US$2 million / 9% senior redeemable convertible note repayable within 18 months

? Phase 1 (expected be completed this month) - US$2 million senior gold loan facility repayable within 18 months

? Phase 2 (expected be completed by June 2019) - US$21 million senior project loan facility repayable within 48 months...”

https://www.researchfrc.com/website/wp-content/uploads/2018/11/AIW-11-13-2018-main.pdf

[goldenpolarbear]

https://globenewswire.com/news-release/2018/12/21/1677583/0/en/Kerr-Mines-Announces-Results-of-2018-Annual-Meeting.html

Wishing the Kerr Team Happy New Year but these shares are in the doldrums ...

They need to start climbing fast imho

[goldenpolarbear]

AGM is in Toronto, ON the 20th of December @ 11am via the Sheraton Centre Toronto Hotel

https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-December-2018.pdf

Great work KERR Team!

Happy New Year!
GoldenPolarBear

[goldenpolarbear]

FYI Kerr Mines AGM is in Toronto on December 20th @ 11 am via the Sheraton Centre Toronto Hotel in the Huron Meeting Room, 123 Queen Street West, Toronto, Ontario

[goldenpolarbear]

Outlook for GOLD prices in 2019

https://www.kitco.com/news/2018-12-14/Charts-Suggest-Constructive-Outlook-for-Gold-Prices-in-2019.html

[goldenpolarbear]

New! Sedar & Report via SEDI https://ceo.ca/KER

https://kerrmines.com

https://kerrmines.com/kerr-mines-announces-project-financing-with-sprott-private-resource-lending/

[goldenpolarbear]

Kerr Mines AGM-December 20th-@11am at Sheraton Hotel in Toronto

Huron Meeting Room

123 Queen Street East, Toronto, Ontario Canada

https://www.investorx.ca/search/00003818/kerr-mines-inc

Annual General Meeting

[goldenpolarbear]

https://m.canadianinsider.com/node/7?ticker=KER
Kerr Mines Insider trading 2018

https://m.canadianinsider.com/node/7?ticker=KER

[goldenpolarbear]

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/kerr-mines/55404-kerr-mines-closes-oversubscribed-private-placement-and-convertible-note-financing-from-sprott-lending.html

[goldenpolarbear]

”...CEO Claudio Ciavarella of Kerr Mines Inc., (OTCQB: KERMF) joins the show to discuss details of gold production at the Copperstone Mine project in LaPaz County, Arizona.

https://upticknewswire.com/interview-ceo-claudio-ciavarella-of-kerr-mines-inc-otcqb-kermf/

[goldenpolarbear]

“...Macy's Thanksgiving Day Parade 2018: What is the annual New York City pageant and how did it start?

https://www.independent.co.uk/news/world/americas/macys-thanksgiving-day-parade-2018-what-is-time-history-start-new-york-city-tv-a8642481.html

Gotta love Thanksgiving? Unless u r a turkey? LOL

[goldenpolarbear]

Please note just updated on InvestorX and Sedar KERR Management discussion, Updated Interim Filings and even Condensed Interim Consolidated Financial Statements etc....

https://www.investorx.ca/search/00003818/kerr-mines-inc

[goldenpolarbear]

« .... Kerr Mines announces Project Financing with Sprott Private Resource Lending... »

« ...TORONTO, Nov. 06, 2018 (GLOBE NEWSWIRE) -- Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) (“Kerr” or the “Company”) is pleased to announce it has received investment committee approval from and executed a term sheet with Sprott Private Resource Lending (Collector) LP (“Sprott”), setting out the indicative terms upon which Sprott is prepared, subject to certain conditions including satisfactory due diligence, to provide up to US$25 million of senior secured project financing (the “Financing Package”) to fund the development and production of gold at the Copperstone Mine.

The Highlights of the Financing Package include:

US$2 million senior redeemable convertible note (the “Note”) with an 9% coupon repayable 18 months after closing

US$2 million senior gold loan facility (the “Gold Loan”) repayable 18 months after closing

US$21 million senior project loan facility (the “Project Facility”) repayable 48 months after closing

The Company will also raise US$2 million in equity as working capital
In order to align with the Company’s current strategic and development plans for the Copperstone Mine, the proposed financing has been structured to be completed and advanced in two main phases, an initial phase of US$4 million (“Phase 1”) , which is targeted to be completed on or about November 23, 2018 subject to mutually satisfactory documentation and other customer conditions precedent; and a second phase of US$21 million which is targeted to be completed on or about June 30, 2019 (“Phase 2”).... »

http://www.sprott.com/

https://kerrmines.com/

http://www.stockhouse.com/news/press-releases/2018/11/06/kerr-mines-announces-project-financing-with-sprott-private-resource-lending

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/kerr-mines/54415-kerr-mines-announces-project-financing-with-sprott-private-resource-lending.html

[goldenpolarbear]

KERR Mines Inc. Formerly BONANZA EXPLORATIONS, INC.
COPPERSTONE MINE
La Paz County, Arizona
Updated MINE PLAN OF OPERATIONS 2018

https://eplanning.blm.gov/epl-front-office/projects/nepa/113841/156473/191541/Bonanza_Explorations_Inc_MPO_08.30.18.pdf

Great, well over 100 people will eventually be employed at Copperstone... Impressive ! IMHO https://kerrmines.com/

https://www.dailyfx.com/forex/fundamental/forecast/weekly/chf/2018/11/02/Gold-Forecast-Mid-Term-Election-May-Provide-Catalyst-for-Topside-Breakout.html

[goldenpolarbear]

« ...Gold prices rise to six-year high on festival season demand

« Bullion traders said persistent buying by ornament makers, triggered by upcoming festival and wedding season demand lifted gold prices... »

« ... New Delhi: Gold strengthened for the sixth straight week and gathered further grounds to hit an almost six-year high of Rs 32,780 and ended at Rs 32,650 per 10 gram at the bullion market, amid pick-up in buying activity ahead of Diwali.

Silver, however, lacked necessary buying support and shed some grounds.

Bullion traders said persistent buying by ornament makers, triggered by upcoming festival and wedding season demand lifted gold prices to an almost six-year high of Rs 32,780 per 10 gram.

Globally, gold after moving both ways, ended the week a shade lower at $1,233.20 an ounce, against previous week’s $1,233.80. Silver, too, ended almost flat at $14.82 an ounce.... »


https://www.livemint.com/Money/aqbV9EnkHwqxtrzr52bfQI/Gold-prices-rise-silver-rates-gain-on-festival-season-deman.html

https://kerrmines.com/

[goldenpolarbear]

Kerr Mines AGM 2018, Finally!

https://www.investorx.ca/search/00003818/kerr-mines-inc

https://kerrmines.com

[goldenpolarbear]

« ...ONTARIO – Toronto-based Orefinders Resources is sharing its exploration plans, 3D models and geologic interpretations for the McGarry gold project at Virginiatown. The former producer lies between the old Kerr-Addition and Cheminis gold mines.

The McGarry mine was active as recently as 2013. Orefinders acquired it from Kerr Mines for 8 million shares in August 2018. The recent work has already highlighted several targets on the property. The 325N zone on the 2250 level will be examined in detail in the next few weeks.

Orefinders says that it has not yet made any plans to dewater the mine. Therefore planned drilling will be done from surface.

The McGarry site has a headframe, shaft, hoist, offices, and functional core shack all of which were refurbished in the last 10 years. The historical resource calculated in 2011 include 447,000 indicated tonnes grading 7.89 g/t gold and157,000 inferred tonnes at 5.83 g/t, both with a cut-off of 51.4 g/t gold.... »


http://www.canadianminingjournal.com/news/geology-orefinders-shares-mcgarry-interpretations-3d-models-and-exploration-plans/

Hmmm? Really? https://www.juniorminingnetwork.com/junior-miner-news/press-releases/647-tsx-venture/orx/53674-orefinders-releases-mcgarry-project-s-geologic-interpretations-3d-models-and-exploration-plans.html

[goldenpolarbear]

Job Overview: « ...The Junior Geoligist will implement geological logging and sampling protocols as directed by the Geoligist, as part of a team involved with completing an initial 70,000 feet underground definition drilling program at an existing mine and transition to additional duties related to implementing mine ....
as the Mine moves towards production... »

http://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2018/09/21/kerr-mines-inc/play/stream/25969 At the END of this lengthy video Claudio Ciavarella mentions that the South-WEST Target is successful and is yet another GOLDEN mineralized KERR zone just 1000 yards from the Copperstone Mine... « ...The drilling has been successful thus far in this target area... »

http://www.infomine.com/careers/jobs/junior-geologist_1721927/

[goldenpolarbear]

Job Title: « ... Geology Manager
Kerr Mines Inc.
Parker, Arizona USA

CareerMine Job Title: Geology Manager

Status: Full-time Employee

Job Overview: « ...The Geology Manager will direct and supervise a team of geologists and technicians toward completing an initial 70,000 feet underground definition drilling program at an existing mine and transition to additional duties related to implementing mine geology/ore control programs for mining and implement property-wide exploration as the Mine moves towards production... »

http://www.infomine.com/careers/jobs/geology-manager_1721802/

https://kerrmines.com/

[goldenpolarbear]

Kerr Mines & Beaver Creek, Colorado September PRESENTATION
http://static.gowebcasting.com/documents/files/events/event_00002882_1iMpn6XW.pdf

Kerr Mines Inc.

Claudio Ciavarella, CEO;

Peter Damouni, Director

TSX: KER https://kerrmines.com/

http://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2018/09/21/kerr-mines-inc/play/stream/25969

[goldenpolarbear]

« ....Jean-Sebastien Jacques, chief executive officer at Rio Tinto, discusses the aluminum market, supplies, copper, the trade war between the U.S. and China, China's economy, his energy concerns and opportunities in electric cars. He speaks exclusively on "Bloomberg Markets: European Open." (Source: Bloomberg)... »

Jean-Sebastien Jacques, mentioned the ten-fold use of copper in electric cars over the next ten years... Hmmm...?

Kerr Mines’ Copperstone contains exactly how much copper? https://kerrmines.com/

http://www.northernminer.com/fast-news/haywoods-forecasts-for-precious-metals/1003799955/

https://www.bloomberg.com/news/videos/2018-10-08/rio-tinto-ceo-on-aluminum-copper-trade-war-china-video

[goldenpolarbear]

“...the Barrick-Randgold deal is “positive for the industry” and stresses that “gold-mining stocks are the cheapest they’ve been in more than 20 years relative to the S&P 500.” This offers a “once-in-a-generation buying opportunity” for investors.

The merger may be just the start. “There is no question that the merger of these two industry titans signals a new wave of industry M&A,” says Trey Reik, senior portfolio manager at Sprott Asset Management USA. “There are far too many gold companies, and rational consolidation is long overdue.”... »
https://kerrmines.com
»...In addition to those potential price pressures, gold has historically suffered its worst monthly performance of the year in October. Dow Jones Market Data shows a decline of 1.27% in gold prices, on average, for that month, based on data going back to 1990.

But the trend of gains in the dollar this year may soon shift, offering a lift to gold. The Fed is “very close to scaling back the rate of its telegraphed balance sheet reduction, and this will kneecap dollar bullishness to gold’s significant benefit,” says Reik. “Given the plethora of global wild cards potentially in play, it would not surprise me to see gold challenging recent highs in the $1,350 range in coming quarters.”... »

https://thewest.com.au/business/mining/gold-bull-eric-sprott-outlines-recipe-for-stealing-success-ng-b88978761z

https://www.marketwatch.com/story/why-gold-prices-may-have-already-bottomed-2018-10-05

https://www.gurufocus.com/news/748889/central-trust--investment-co-buys-sprott-physical-gold-and-silver-trust-invesco-sp-500-equal-weight-pimco-enhanced-short-maturity-active-exchangetrad-sells-bunge-gilead-sciences-inc-texas-instruments-inc

[goldenpolarbear]

It looks as though Kerr Mines has just moved to...

KERR MINES
18 King Street East
Suite 902, Toronto
Ontario M5C 1C4
Tel: [phone]

Hmmmm....?

[goldenpolarbear]

« ....(CNN) Canada has agreed to sign on to a trade deal between US and Mexico, preserving the three-country North American Free Trade Agreement after more than a year of tortuous negotiations, a US official and a Canadian official told CNN late Sunday.

The US and Canadian governments agreed to a deal that would allow greater access to Canada's dairy market and address concerns about potential auto tariffs just hours before a self-imposed midnight deadline, the officials said.

Further details are expected before midnight.

Negotiators from all three countries spent all weekend working over the phone, hoping to keep the trilateral deal intact.

Earlier in the evening, President Donald Trump was briefed on the nearly finalized negotiations by US Ambassador Robert Lighthizer and White House adviser Jared Kushner.... »

https://www.cnn.com/2018/09/30/politics/trump-nafta-canada/index.html

https://www.cnbc.com/2018/10/01/us-canada-nafta-trade-talks.html

The NAFTA deal will make it much easier for KERR to do cross border business...

[goldenpolarbear]

https://www.investorx.ca/search/00003818/kerr-mines-inc

https://kerrmines.com/

https://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00003818

[goldenpolarbear]

« ...Gold has gotten a bad rap.

« Long seen as the investment choice of the cranky and the fearful, the metal yields nothing; as Warren Buffett has said, it just “looks at you.”

This year has been especially lackluster for gold. Its price has slumped 8%, to about $1,200 an ounce, and is off more than 35% from its high of $1,900 in 2011. Adding insult to injury, Vanguard will soon rechristen the largest gold-oriented U.S. mutual fund and shift its focus away from the metal.

But this out-of-favor asset class now deserves a place in investment portfolios.

Compared with stocks and other financial assets, gold looks inexpensive. More important, inflation is starting to pick up in the U.S. and in much of the world as central banks shrink their enormous balance sheets. And gold has represented a good defense against inflation eroding the value of a stock or bond portfolio. Over time, it has held its value against the dollar. Gold was $20.67 an ounce 100 years ago and that bought a good men’s suit. At $1,200 an ounce, the same is true today.

“Gold is rare, and it’s hard to rapidly increase the supply of it,” says Keith Trauner, co-portfolio manager of the GoodHaven (ticker: GOODX) mutual fund, which holds Barrick Gold (ABX), a leading mining company. “People have historically viewed it as a hedge against government depreciation of local currency.”... »


http://sprott.com/investment-strategies/physical-bullion-trusts/gold-is-cheap-inflation-is-coming-you-do-the-math/

https://financialstrend.com/billionaire-eric-sprott-builds-position-in-gold-mine-34436.html

[goldenpolarbear]

Finally, a POP in the KERR share price but will it ... hold or plummet later today?

”...Gold prices fell Wednesday, headed toward their lowest finish in a month, ahead of the afternoon Federal Reserve decision that is expected to yield a third interest-rate increase of the year.

The move would be a potentially negative development for gold because it tends to lift the dollar and U.S. bond yields....”

https://www.marketwatch.com/story/gold-price-eases-as-dollar-tips-higher-ahead-of-expected-fed-rate-increase-2018-09-26

[goldenpolarbear]

« ...Larder Lake is considered a multi-deposit, high-grade project covering 2,165 hectares and nine kilometres of strike length along the Cadillac-Larder Lake break. It’s located in McVittie and McGarry Townships, east of Kirkland Lake and near the town of Virginiatown on the Quebec border. Bonterra picked up the property from Kerr Mines in 2016.

The project hosts the Bear Lake deposit and the Cheminis deposit, the latter which includes a former gold mine.

Bonterra announced it has closed the transaction with Metanor on Sept. 24.

https://www.northernontariobusiness.com/industry-news/mining/bonterra-resources-spins-out-ontario-gold-explorer-1060231

https://kerrmines.com/

WHY did KERR sell high-grade Larder Lake..? Hmmm....

https://www.cnn.com/2018/09/24/politics/donald-trump-trade-policy-china/index.html

https://www.cnbc.com/2018/09/24/trump-trade-war-spooks-ceos-into-curbing-investing-business-roundtable-survey.html

[goldenpolarbear]

»...Barrick is buying Randgold to create the world's top gold miner

« ...The gold industry has a new king.

Canada's Barrick Gold (ABX) is buying rival Randgold (GOLD) to create the world's biggest gold miner, the two companies announced Monday.
https://money.cnn.com/2018/09/24/investing/barrick-randgold-merger-deal/index.html

https://www.washingtonpost.com/business/barrick-needs-randgold-to-make-the-grade/2018/09/24/1aade67a-bfc8-11e8-9f4f-a1b7af255aa5_story.html?noredirect=on&utm_term=.f525a534ff50

Might KERR Mines become a M & A target? https://kerrmines.com/

https://www.barrick.com/home/default.aspx

[goldenpolarbear]

« ...GOLD price may top US $1,300 in 2019 as investors seek sanctuary from the deteriorating trade ... »

« ....Gold is set to surge over the next year as concerns deepen about the widening US budget deficit and a tariff-driven trade war starts to damage the country’s economy, according to Bank of America Merrill Lynch.

Bullion could average US$1,350 an ounce in 2019 as corporate tax reforms worsen the US fiscal balance, Francisco Blanch, head of global commodities and derivatives research, said in a phone interview last week. Spot gold traded at US$1,208.70 on Friday and has averaged US$1,285 this year.

“We’re still pretty constructive longer term on gold,” because of worries over the future of the US economy even though it’s performing relatively well right now, said New York-based Blanch. “In the short-run, the effects of strong dollar, higher rates dominate. But in the long run, a huge US government budget deficit is pretty positive for gold,” he said.

The warning over the budget echoes billionaire hedge fund manager Ray Dalio, who predicted this month that the US economy is about two years from a downturn, which will see the dollar plunge as the government prints money to fund a swelling deficit.

Goldman Sachs has also joined the chorus of bulls, seeing gold at US$1,325 in 12 months. Bullion has been building a base around US$1,200, after five months of losses, the worst run since 2013.

The Congressional Budget Office has predicted the US administration’s tax cuts, when combined with new federal spending, will push the budget deficit to US$1 trillion in 2020. That’s forced the US Treasury to lift note and bond sales to levels last seen in the aftermath of the recession that ended in 2009.

https://www.scmp.com/business/commodities/article/2165446/gold-price-may-top-us1300-2019-investors-seek-sanctuary

https://www.bloomberg.com/news/articles/2018-09-24/trump-imposes-next-batch-of-china-tariffs-as-trade-war-escalates?utm_source=google&utm_medium=bd&cmpId=google

https://kerrmines.com/

[goldenpolarbear]

« ....Pandion is a mining-focused investment firm backed by MKS PAMP Group and Ospraie Management, LLC that provides flexible financing solutions to developing mining companies.

http://cawidgets.morningstar.ca/ArticleTemplate/ArticleGL.aspx?s=GlobeNewswire&r=GNW_7328590&culture=fr-CA

« ...The MKS PAMP GROUP offers a comprehensive range of best-in-class precious metals products to accommodate every segment of the market, with particular emphasis on investment, jewellery and industrial sectors. .. »

http://www.mkspamp.com/products

http://www.ospraie.com/

https://en.m.wikipedia.org/wiki/Ospraie_Management,_LLC

[goldenpolarbear]

http://www.kitco.com/news/2018-09-20/Gold-Prices-Firmer-As-U-S-Dollar-Index-Sinks.html

[goldenpolarbear]

« ...In a recent report, Joe Foster, portfolio manager and strategist for the VanEck Gold and Precious Metals Strategy, warned that tighter monetary policy is reducing liquidity in financial markets, which in turn is putting pressure on weak emerging markets.

Although all the focus is on next week’s Federal Reserve meeting, Foster said that all major central banks are looking to tighten monetary policy. He noted that the Bank of England has stop easing, while the European Central bank is expected to end its bond-purchase program in December and could start raising rates next year.

Last month’s EM currency crisis, sparked by economic uncertainty in Turkey, is a symptom of a much larger issue, Foster said.

“As the liquidity that fueled the expansion is slowly drained away, those areas of the financial system that are most vulnerable will be the first to fail,” he said. “We believe Turkey was the first domino to fall, with its years of monetary mismanagement and over-borrowing made possible by low rates and ample liquidity.

“As central banks continue to tighten, we expect more Turkeys to come out of the woods. The U.S. may find it hard to remain an island of prosperity,” he added.

Foster added that in this environment, investors could turn to the yellow metal for its safe-haven qualities.

http://www.kitco.com/news/2018-09-19/Tighter-Global-Monetary-Policy-To-Support-Gold-Market-VanEck-s-Foster.html

« ...Asia markets are set for a cautious open on Thursday after Chinese entrepreneur Jack Ma said his company Alibaba no longer had plans to bring 1 million jobs to the United States.

The Nikkei futures contract in Chicago was at 23,630, while its counterpart in Osaka was at 23,560. The Nikkei 225 last closed at 23,672.52.

In Australia, the SPI futures contract was at 6,185, in comparison to the last close of the ASX 200 at 6,190.

https://www.cnbc.com/2018/09/20/asia-markets-us-china-trade-war-currencies-in-focus.html

[goldenpolarbear]

“...US and China exchange tariffs: Five experts on the trade war

https://www.cnbc.com/video/2018/09/18/us-china-tariffs-trade-war-trump.html

[goldenpolarbear]

“...China has hit back at President Donald Trump by imposing new trade tariffs on $60bn of American goods.
It comes after the US slapped duties on $200bn of Chinese imports on Monday, escalating its trade war with Beijing.

China will target American goods such as liquefied natural gas, which are produced in states loyal to the US president.

However, in a tweet Mr Trump warned Beijing against seeking to influence the upcoming US midterm elections.
"There will be great and fast economic retaliation against China if our farmers, ranchers and/or industrial workers are targeted!" he said.

https://www.bbc.com/news/business-45555749

[goldenpolarbear]

« ...The United States will impose a 10% tariff later this month on $200 billion worth of Chinese goods, increasing to 25% at the end of the year, the Trump administration announced Monday.

The additional tariffs are on top of penalties enacted earlier this year on $50 billion worth of Chinese goods. Taken together, it means roughly half of the products that China sells to the United States each year will be hit by American tariffs.

In July, the administration published a list of thousands of products that would be subject to the latest round of trade penalties. More than 300 products were removed from that list -- including smartwatches, health and safety devices and children's playpens.

Trump had urged his advisers to press forward with the $200 billion round, even as Washington and Beijing worked to restart trade talks. Trump's decision threatens to upend the possibility of a diplomatic breakthrough with Chinese negotiators.

https://www.cnn.com/2018/09/17/politics/us-china-tariff-trade-war/index.html

https://kerrmines.com/

Who thinks China is not going to retaliate.... Hmmm? Really...

[goldenpolarbear]

https://www.google.com/amp/s/amp.theguardian.com/business/live/2018/sep/17/markets-trump-tariffs-china-imf-lagarde-uk-business-live

[goldenpolarbear]

« ..."We even see gold rising rapidly towards $1,230-$1,240 levels once the impact of the trade war is clearer ... It looks like a relatively good opportunity to buy gold at the current levels."

Gold prices have declined about 12.6 percent from April amid intensifying global trade tensions and under pressure from rising U.S. interest rates.

Though gold is generally presumed to be a safe-haven asset, the months-long trade rift between Washington and Beijing has prompted investors to opt for the U.S. dollar in the belief that the United States has less to lose from the dispute.

https://www.cnbc.com/2018/09/17/gold-markets-us-china-trade-dollar-in-focus.html

https://kerrmines.com/

[goldenpolarbear]

« ... WSJ: Trump to impose tariffs on $200B in goods

« ... A new report from the Wall Street Journal says President Donald Trump is planning to hit China with another new round of tariffs on $200 billion worth of Chinese goods ahead of trade talks at the end of the month.... »

https://www.cnn.com/videos/politics/2018/09/16/trump-tariffs-china-trade-war-wsj-westwood-newday-vpx.cnn/video/playlists/top-news-videos/

https://www.forexcrunch.com/global-wrap-trump-gives-the-green-light-to-apply-the-usd200bn-in-tariffs-anz/

https://www.mining-journal.com/project-finance/news/1342719/kerr-gets-copperstone-funding

https://kerrmines.com

[goldenpolarbear]

« ... Myanmar notes record high gold price

« ... The price of gold has reached a record high of about 996,500 Kyat per tical on 14 September, thanks to the rising US dollar exchange rate, according to a report in the Global New Light of Myanmar on 15 September.

According to the markets the global gold price stands at US$1,206 per ounce at present.

According to local media the US dollar exchange rate started to increase from the second week of August and went over 1,500 Kyat per dollar. At the moment, one US dollar is 1,557 Kyat in the local currency exchange market.... »

http://www.mizzima.com/business-domestic/myanmar-notes-record-high-gold-price

http://www.worldometers.info/world-population/myanmar-population/

If there is a further escalation of any of the trade wars... eventually the Price of GOLD will POP imho

[goldenpolarbear]

I wonder what Eric Sprott presently thinks about his large chunk of Kerr Mines shares?

https://financialstrend.com/billionaire-eric-sprott-builds-position-in-gold-mine-34436.html

https://www.theglobeandmail.com/investing/markets/inside-the-market/article-despite-eric-sprotts-confidence-in-potential-of-rncs-australian-gold/

[goldenpolarbear]

Kerr Mines (KER) 0.165 UP 0.01 (6.45%)
Volume: 92,267 @ 3:57:12 PM EDT ET

Well a slight POP in the price of KERR shares is a pleasant....

Now, the Price of GOLD will POP as the $200+ billion in tariffs are inflicted on China ...

These shares will rise ... imho

« ...Trump is hitting China with another $200 billion in tariffs

Trump just approved the biggest escalation in his China trade war yet.... »
https://www.vox.com/2018/9/14/17860870/trump-china-trade-war-tariffs-billions

« ...President Donald Trump is on the verge of what may be the greatest escalation in his trade war with China yet.

According to Bloomberg News, Trump instructed his aides to impose tariffs on $200 billion worth of Chinese products, adding to the already $50 billion in place. And the announcement follows his threat last week to impose another $267 billion on China’s exports to the US.

“I hate to say this, but behind that there is another $267 billion ready to go on short notice if I want,” Trump said on September 7.

It’s now clear that what once started as a modest effort to change America’s trading relationship with China has turned into a full-fledged assault on Beijing’s economy.

Trump’s move also comes at an inopportune time. Washington and Beijing were planning another round of talks on ways to end the trade spat. It’s possible, though, that the new tariffs will derail any chance of striking a deal in the near future.

Many of the tariffs Trump imposed so far have mostly targeted high-tech .... »

[goldenpolarbear]

If the POG POPs and Pandion confirms $25+ million investment $$$ http://pandionmetals.co

This is a hero$ or zeros stock now ONLY buy what you can easily afford to lose... imho

I am still slowly accumulating... at these pathetic levels

[goldenpolarbear]

« ...RNC Minerals — 1st company to mine for gold at site — discovers what may be the 2 largest gold nuggets ever

« ... When Mark Selby received an email in the middle of the night that his mining company had struck what may be the two largest gold nuggets ever discovered, he was shocked.

"Needless to say, I didn't get back to bed last night," the president of the Toronto-based company RNC Minerals told As It Happens host Carol Off from Seoul, South Korea.

On Sunday, RNC Minerals announced that over the past week approximately 9,250 ounces of gold has been extracted from Beta Hunt mine in Australia — worth about $15 million.

https://www.cbc.ca/radio/asithappens/as-it-happens-monday-edition-1.4817159/toronto-mining-company-hits-15m-worth-of-gold-in-rare-australian-nickel-mine-find-1.4817861

Wow, amazing news for RNC

[goldenpolarbear]

« ... Archaeologists are studying a valuable trove of old Roman coins found on the site of a former theater in northern Italy.

The coins, hundreds of them, date back to the late Roman imperial era and were found in a soapstone jar unearthed in the basement of the Cressoni Theater in Como, north of Milan.

"We do not yet know in detail the historical and cultural significance of the find ," said Culture Minister Alberto Bonisoli in a press release. "But that area is proving to be a real treasure for our archeology. A discovery that fills me with pride."

The coins were discovered last week, according to Ministry of Cultural Heritage and Activities, and were transferred to the Mibac restoration laboratory in Milan where archaeologists and restorers will examine them.

https://edition.cnn.com/2018/09/09/europe/roman-gold-coins-italy-theater-trnd/index.html

https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-July-2018.pdf

[goldenpolarbear]

« ...Basically, professional investors have all switched to the long side of the market, including the most powerful JP Morgan. Meanwhile, smaller speculators have been lured into record short positions, thinking that gold has had it and Wall Street is the only game in town.

All the commercial longs have to do now is tip the market into a mild upturn and all these short positions will have to cover. That is to say buy gold contracts to close off their losing short positions before they get into even more financial trouble.

This should lead to a sudden flood of buyers that will drive precious metal prices sharply higher, triggering phase one of a new bull phase. The long commercial Comex players will win yet again, along with anybody who’s been bright enough to see what is coming.

This phase of a gold bull market takes around three to four months to play out before the wider financial markets are convinced it is happening and then all pile in for phases two and three.

The final phase of a commodities bull market - like the one that started in gold in 2000 is always a price spike, not something we have seen yet.

The collapse of cryptocurrencies last week could be the driver that opens the way for substantial gold price rises as cryptos have distracted speculators from precious metals. So too the recent emerging markets crash, and a growing correction in major stock markets.... »

https://www.thenational.ae/business/money/is-gold-set-for-a-much-brighter-future-1.768322

https://www.heraldandnews.com/news/trump-threatens-to-expand-trade-war-to-all-chinese-imports/article_99f0e52e-d99f-5e98-a1d0-14512a614ef7.html

https://kerrmines.com/investors/

[goldenpolarbear]

« ... But should Trump proceed with this strategy, you can bet the gold price will increase.... »

https://www.lombardiletter.com/gold-price-winner-trump-trade-war-china/27120/

Gold slipped $3.90 to $1,200.40 per ounce, silver lost 1 cent to $14.17 per ounce and copper fell a penny to $2.62 per pound.
https://www.whig.com/article/20180907/AP/309079935

Eventually ! https://kerrmines.com