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Kerr Mines AGM 2018, Finally!
https://www.investorx.ca/search/00003818/kerr-mines-inc
https://kerrmines.com
Kerr Mines AGM 2018, Finally!
https://www.investorx.ca/search/00003818/kerr-mines-inc
https://kerrmines.com
« ...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
If Eric Sprott dumped his KERR shares; these shares will or would have plummeted... into the sub-penny zone imho
« ...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
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/
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/
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/
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/
Kerr Mines & Beaver Creek, Colorado September PRESENTATION
http://static.gowebcasting.com/documents/files/events/event_00002882_1iMpn6XW.pdf
Kerr Mines Inc.
Claudio Ciavarella, CEO;
Martin Kostuik, President & Director;
Fahad Al Tamimi, Chairman;
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
I think they will postpone the AGM, PR and advertising for as long as they can until the Price of Gold starts to slightly rebound...
http://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2018/09/21/kerr-mines-inc/play/stream/25969
https://kerrmines.com
On a separate note, I never thought hurricane Michael was ever going to be so ....
https://www.cnn.com/2018/10/10/weather/gallery/hurricane-michael/index.html
I am only hoping for the best for all those that may be in its destructive path.... Scary!
http://www.kitco.com/news/2018-10-10/Gold-Prices-Erase-Early-Losses-As-U-S-Stock-Market-Sells-Off.html
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
Amazingly, the Copperstone Mine in Arizona contains vast amounts of copper adjacent to Kerr’s high-grade gold Resources...
TSX: KER https://kerrmines.com/
http://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2018/09/21/kerr-mines-inc/play/stream/25969
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
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
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
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
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
« ....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
« ....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
“...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
“...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
It looks as though Kerr Mines has just moved to...
KERR MINES
18 King Street East
Suite 902, Toronto
Ontario M5C 1C4
Tel: +1 (416) 855-9305
Hmmmm....?
It looks as though Kerr Mines has just moved to...
KERR MINES
18 King Street East
Suite 902, Toronto
Ontario M5C 1C4
Tel: +1 (416) 855-9305
Hmmmm....?
Simply visit SEDAR and search for Kerr Mines to gain access to the varied KERR documents... posted today...
https://www.sedar.com
Definitely, worth your time....
« ....(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...
« ....(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...
There were many purchasers at these low levels ... Why?
Very few sellers...
Strange, imho...
You may be right a purchasing opportunity has ...
« ...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
« ...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
“...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
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
« ...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
« ...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
»...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
»...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
« ...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/
« ...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/
Absolutely and frustratingly no positive news has been provided regarding...
How did they get away with milking millions of their millions via Burnstone and the Hollister mine imo...
Unbelievable...! https://www.sec.gov/Archives/edgar/data/1561694/000120561313000212/sibanye_joint.pdf
http://www.hdimining.com/s/Historic.asp
https://home.kpmg.com/content/dam/kpmg/pdf/2016/05/reasons-for-judgment-oct-1-2012.pdf
https://www.iol.co.za/business-report/companies/rescue-ruling-significant-1481944
https://www.sibanyestillwater.com/investors/news/media-coverage/2016/item/263-sibanye-gold-s-holistic-approach-is-boost-for-mining-s-image
Pebble Gold Project Hunter Dickinson Inc. https://miningwatch.ca/sites/default/files/hdi_investor_report.pdf
« ....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