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Rothchilds Buying Gold On "Greatest" Money "Experiment" In "History The of World"
http://www.zerohedge.com/news/2016-08-19/rothchilds-buying-gold-greatest-money-experiment-history-world
So if the richest 0,1% on Earth are buying Gold, you can be sure that the rise of gold has only just started. I expect gold to be +2500/oz by 2020. Goldminers will become multibaggers at this level. GCM.to will be worth at least $5/share by 2020
Rothchilds Buying Gold On "Greatest" Money "Experiment" In "History The of World"
http://www.zerohedge.com/news/2016-08-19/rothchilds-buying-gold-greatest-money-experiment-history-world
So if the richest 0,1% on Earth are buying Gold, you can be sure that the rise of gold has only just started. I expect gold to be +2500/oz by 2020. Goldminers will become multibaggers at this level. GCM.to will be worth at least $5/share
Lord Rothschild buys gold and sells shares
http://www.iii.co.uk/articles/347462/lord-rothschild-buys-gold-and-sells-shares
GCM.TO: Entreprise value = 6,5 x market cap!!!!!!
Enterprise value: 117.49 M
Market cap: 18.56M
http://finance.yahoo.com/q/ks?s=GCM.TO+Key+Statistics
Entreprise value = 6,5 x market cap!!!!!!
Enterprise value: 117.49 M
Market cap: 18.56M
http://finance.yahoo.com/q/ks?s=GCM.TO+Key+Statistics
GCM.TO: book value/share as of June30: $1,32
http://finance.yahoo.com/q/ks?s=GCM.TO+Key+Statistics
Book value/share as of June 30: $1.32
http://finance.yahoo.com/q/ks?s=GCM.TO+Key+Statistics
As long as gold stays above $1200/oz shareholders will be richfully rewarded from 2020 on, meaning a share price of ++$1/share.
If the share price stays over $1300/oz, the share price will be above $1/share by early 2018.
Also: If you look at the balance sheet, debt has decreased by $20million in 6 months while the average gold price was between $1199 and $12... So do the math...
Thank you.Great article!
Colombia is doing great economically.Just look at the tremendous rise of the ishares colombia (icol) this year.
Gcm is the right company, with the right management, in the right business area (gold) in the right country offering the right potential for future big profits.
I agree.
Thank you for the info.Did they give you additional info about the Zancuda project?
What do you think a fair share price would be?
The company uses all net profit to pay back debentures and to by back bonds converted into shares. If the gold price stays at this level -IMO the gold price has only just started to rise and will be ++$1600/oz by next year- all debt will be repaid a lot earlier than by 2020.
I am looking forward to the see their ppt presentation and read the CC transcript.
revenue up 54%,production increased.Pps should be $1.44/share like their book value/share.
Yes!!! Great results!
GCM.TO Lloyd I. Miller, III Acquires 2020 Senior Secured Convertible Debentures of Gran Colombia Gold Corp
http://m.marketwired.com/press-release/lloyd-i-miller-iii-acquires-2020-senior-secured-convertible-debentures-gran-colombia-2149617.htm
Lloyd I. Miller, III Acquires 2020 Senior Secured Convertible Debentures of Gran Colombia Gold Corp
http://m.marketwired.com/press-release/lloyd-i-miller-iii-acquires-2020-senior-secured-convertible-debentures-gran-colombia-2149617.htm
“Finally, we continue to overweight gold bullion as a long-term hedge against significant monetary debasement, which seems an inevitable ultimate consequence of ever more aggressive central bank policy. Especially now that experiments in direct monetisation of fiscal spending no longer seem to be anathema to policymakers.” –– Luca Paolini, Chief Strategist, Pictet Asset Management, Geneva, Switzerland
http://www.usagold.com/cpmforum/2016/08/06/252026/
“Finally, we continue to overweight gold bullion as a long-term hedge against significant monetary debasement, which seems an inevitable ultimate consequence of ever more aggressive central bank policy. Especially now that experiments in direct monetisation of fiscal spending no longer seem to be anathema to policymakers.” –– Luca Paolini, Chief Strategist, Pictet Asset Management, Geneva, Switzerland
http://www.usagold.com/cpmforum/2016/08/06/252026/
Actually there's a payroll drop of 1,030,000
"Underneath the hood, there may be cause for concern looking at the non-seasonally adjusted numbers, which show a payrolls drop of 1,030,000 in July. To be fair, there is a fairly regular seasonal drop twice a year: from June to July, and from December to January.
To normalize the non-seasonally adjusted data, a year-over-year comparison for July payrolls shows an increase of 1.70%. But this annual growth figure has been in a downtrend since February 2015, having peaked at 2.3%. The bottom line is that trend growth in payrolls has been declining for the last year and a half. "
Wall Street is now bracing for its worst 2 years since the financial crisis.
Link:
http://finance.yahoo.com/news/wall-street-now-bracing-worst-201245094.html
Wall Street is now bracing for its worst 2 years since the financial crisis.
Link:
http://finance.yahoo.com/news/wall-street-now-bracing-worst-201245094.html
Gold heading to $1550-watch video
http://finance.yahoo.com/video/where-gold-prices-headed-055300730.html
Gold heading to $1550-watch video
http://finance.yahoo.com/video/where-gold-prices-headed-055300730.html
Why Friday's job numbers might not be as great as you think: trader
It’s “Jobs Day.” Not much else needs to be said. Outside of an FOMC policy announcement, this is probably the biggest economics day that we have in terms of market impact. This is certainly the largest amount of data that you’ll see wrapped up in one bundle.
There really are three distinct items that will impact future interest rate direction: employment, wage growth, and consumer-level inflation. This release from the Bureau of Labor Statistics (BLS) covers the first two, and the first two should greatly affect the third. Keep in mind that a healthy economy with normalized interest rates is far more preferable to easy money in an economy that struggles to grow.
Now, the numbers please
Today’s headline payroll number of 255,000 was the second upside surprise in as many months. The unemployment rate held steady at 4.9%, labor participation rate inched up a tenth of a percent to 62.8%, and average hourly earnings rose by 8 cents (0.3%). By that last metric, wage growth is increasing.
Underneath the hood, there may be cause for concern looking at the non-seasonally adjusted numbers, which show a payrolls drop of 1,030,000 in July. To be fair, there is a fairly regular seasonal drop twice a year: from June to July, and from December to January.
To normalize the non-seasonally adjusted data, a year-over-year comparison for July payrolls shows an increase of 1.70%. But this annual growth figure has been in a downtrend since February 2015, having peaked at 2.3%. The bottom line is that trend growth in payrolls has been declining for the last year and a half.
Nevertheless, financials (XLF) are leading the pack on an increased expectation of a future Fed rate hike, with both consumer staples (XLP) and consumer discretionary (XLY) on its heels. Utilities (XLU) are the only major sector in the red — exactly what you’d expect for this bullish economic news.
Moving on to Europe
German Factory Orders for June missed badly this morning. This will knock German Q2 GDP down a peg. We’ll see that number in a week. Looking around Europe, we also see that UK Home Prices, and Italian Industrial Production badly missed their marks as well. Regardless, European equities are all mildly into the green today, still basking in yesterday’s moves from the BOE. The ECB (FYI) will not meet again until late September. The US jobs report allowed the European bourses to close higher today.
And finally, the Olympics
I know that you’ve probably already seen a soccer game or two, but for all intents and purposes, the Summer Olympic games begin today. While I personally find the games very entertaining, and it does my heart good to see that baseball will be added back into the mix in 2020, this is really a geo-political risk story for money managers.
Simply put, this is a high-profile, global event in a country that from the outside appears somewhat unprepared for the size and scope of the mission. Protection is the name of this game. Hard assets are for long-term protection. Trading-wise, one could hedge with the VIX, utilities, some staples, and —though it may sound crazy — maybe even some small caps (as they usually have little to no international exposure). That’s if you’re just renting protection for a couple of weeks.
http://finance.yahoo.com/news/why-fridays-jobs-numbers-might-000000033.html
Why Friday's job numbers might not be as great as you think: trader
It’s “Jobs Day.” Not much else needs to be said. Outside of an FOMC policy announcement, this is probably the biggest economics day that we have in terms of market impact. This is certainly the largest amount of data that you’ll see wrapped up in one bundle.
There really are three distinct items that will impact future interest rate direction: employment, wage growth, and consumer-level inflation. This release from the Bureau of Labor Statistics (BLS) covers the first two, and the first two should greatly affect the third. Keep in mind that a healthy economy with normalized interest rates is far more preferable to easy money in an economy that struggles to grow.
Now, the numbers please
Today’s headline payroll number of 255,000 was the second upside surprise in as many months. The unemployment rate held steady at 4.9%, labor participation rate inched up a tenth of a percent to 62.8%, and average hourly earnings rose by 8 cents (0.3%). By that last metric, wage growth is increasing.
Underneath the hood, there may be cause for concern looking at the non-seasonally adjusted numbers, which show a payrolls drop of 1,030,000 in July. To be fair, there is a fairly regular seasonal drop twice a year: from June to July, and from December to January.
To normalize the non-seasonally adjusted data, a year-over-year comparison for July payrolls shows an increase of 1.70%. But this annual growth figure has been in a downtrend since February 2015, having peaked at 2.3%. The bottom line is that trend growth in payrolls has been declining for the last year and a half.
Nevertheless, financials (XLF) are leading the pack on an increased expectation of a future Fed rate hike, with both consumer staples (XLP) and consumer discretionary (XLY) on its heels. Utilities (XLU) are the only major sector in the red — exactly what you’d expect for this bullish economic news.
Moving on to Europe
German Factory Orders for June missed badly this morning. This will knock German Q2 GDP down a peg. We’ll see that number in a week. Looking around Europe, we also see that UK Home Prices, and Italian Industrial Production badly missed their marks as well. Regardless, European equities are all mildly into the green today, still basking in yesterday’s moves from the BOE. The ECB (FYI) will not meet again until late September. The US jobs report allowed the European bourses to close higher today.
And finally, the Olympics
I know that you’ve probably already seen a soccer game or two, but for all intents and purposes, the Summer Olympic games begin today. While I personally find the games very entertaining, and it does my heart good to see that baseball will be added back into the mix in 2020, this is really a geo-political risk story for money managers.
Simply put, this is a high-profile, global event in a country that from the outside appears somewhat unprepared for the size and scope of the mission. Protection is the name of this game. Hard assets are for long-term protection. Trading-wise, one could hedge with the VIX, utilities, some staples, and —though it may sound crazy — maybe even some small caps (as they usually have little to no international exposure). That’s if you’re just renting protection for a couple of weeks.
http://finance.yahoo.com/news/why-fridays-jobs-numbers-might-000000033.html
"Why a brewing global economic storm is turning gold into the perfect trade"
http://www.marketwatch.com/story/why-a-brewing-global-economic-storm-is-turning-gold-into-the-perfect-trade-2016-08-04?siteid=yhoof2&yptr=yahoo
"Why a brewing global economic storm is turning gold into the perfect trade"
http://www.marketwatch.com/story/why-a-brewing-global-economic-storm-is-turning-gold-into-the-perfect-trade-2016-08-04?siteid=yhoof2&yptr=yahoo
The third mine is the Zancudo project.Here is a link to more info:
http://www.grancolombiagold.com/operations-and-projects/colombia/default.aspx#zancudo
Earnings are on Thursday Aug 11,afterhours
Book value per share:1.44 dollar!!!
Last quarter they made net profits with a lower gold price. Nothing has changed, even more production power. So q2 will be even better.
It is beyond imagination that this third mine, as an asset, is not reflected at all in the share price.
If they wanted, they could sell the mine and be debt free. Not that I would want that, just saying.
Ok. Sorry.
Am I correct stating that it is good for long time investors that the current share price is this extremely low, so the company can buyback more shares (converted from the bonds).
Did IR give you an idea if the company had already made up what to do with the third mine?
Thanks.
Wrong!Market cap is much much higher since you forgot to calculate their third mine into the calculation of the market cap. If they sell the third mine now, they are debt free!
Currently the book value per share is already 1.44 Canadian dollar
https://ca.finance.yahoo.com/q/ks?s=GCM.TO
PS It is in the advantage of long term investors like me that the share price stays this low. This way the company is able to buy much more shares which have been converted from the bonds.
Personally with this third mine, I expect a share price of $3-5 by 2018
Thank you.
GCM.TO or TPRFF' I agree. Looks like the price of gold will soon exceed $1400. It is only the beginning... I have changed my mind since a couple of weeks, since some banks are getting in trouble (because of the low intrest rates), growth in China is decreasing, US growth is less than expected, BREXIT, ... Gold is the safe haven. And Gran Colombia Gold Corp is producing it with net profits.
Their third gold mine which is not yet producing (the other two are) is absolutely not brought into calculating the market cap. If Wall Street and Canadian Street (I have my shares on the Toronto exchange GCM.TO) would act right, gran colombia gold corp would now be far above $3/share.
Looks like the price of gold will soon exceed $1400. It is only the beginning... I have changed my mind since a couple of weeks, since some banks are getting in trouble (because of the low intrest rates), growth in China is decreasing, US growth is less than expected, BREXIT, ... Gold is the safe haven. And Gran Colombia Gold Corp is producing it with net profits.
Their third gold mine which is not yet producing (the other two are) is absolutely not brought into calculating the market cap. If Wall Street and Canadian Street (I have my shares on the Toronto exchange GCM.TO) would act right, gran colombia gold corp would now be far above $3/share.
Buy gold miners! Read this article
'Sell everything,' DoubleLine's Gundlach says
NEW YORK (Reuters) - Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Friday that many asset classes look frothy and his firm continues to hold gold, a traditional safe-haven, along with gold miner stocks.
Noting the recent run-up in the benchmark Standard & Poor's 500 index while economic growth remains weak and corporate earnings are stagnant, Gundlach said stock investors have entered a “world of uber complacency.”
The S&P 500 on Friday touched an all-time high of 2,177.09, while the government reported that U.S. gross domestic product in the second quarter grew at a meager 1.2 percent rate.
“The artist Christopher Wool has a word painting, 'Sell the house, sell the car, sell the kids.' That’s exactly how I feel – sell everything. Nothing here looks good,” Gundlach said in a telephone interview. "The stock markets should be down massively but investors seem to have been hypnotized that nothing can go wrong."
Gundlach, who oversees more than $100 billion at Los Angeles-based DoubleLine, said the firm went "maximum negative" on Treasuries on July 6 when the yield on the benchmark 10-year Treasury note hit 1.32 percent.
"We never short in our mainline strategies. We also never go to zero Treasuries. We went to lower weightings and change the duration," Gundlach said.
http://finance.yahoo.com/news/sell-everything-doublelines-gundlach-says-202955293.html
Currently, the yield on the 10-year Treasury note is 1.45 percent, which has translated into some profits so far for DoubleLine.
"The yield on the 10-year yield may reverse and go lower again but I am not interested. You don't make any money. The risk-reward is horrific," Gundlach said. "There is no upside" in Treasury prices.
Gundlach reiterated that gold and gold miners are the best alternative to Treasuries and predicted gold prices will reach $1,400. U.S. gold on Friday settled up at $1,349 per ounce.
Gundlach lambasted Federal Reserve officials yet again for talking up rate hikes for this year while the latest GDP data showed disappointing economic growth. "The Fed is out to lunch. Does the Fed look at what's going on in the economy? It is unbelievable," he said.
Overall, Gundlach said the Bank of Japan's decision on Friday to stick with its minus 0.1 percent benchmark rate - and refrain from deeper cuts - reflects the limitations of monetary policy. "You can't save your economy by destroying your financial system," he said.
Buy gold miners says this article.
'Sell everything,' DoubleLine's Gundlach says
NEW YORK (Reuters) - Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Friday that many asset classes look frothy and his firm continues to hold gold, a traditional safe-haven, along with gold miner stocks.
Noting the recent run-up in the benchmark Standard & Poor's 500 index while economic growth remains weak and corporate earnings are stagnant, Gundlach said stock investors have entered a “world of uber complacency.”
The S&P 500 on Friday touched an all-time high of 2,177.09, while the government reported that U.S. gross domestic product in the second quarter grew at a meager 1.2 percent rate.
“The artist Christopher Wool has a word painting, 'Sell the house, sell the car, sell the kids.' That’s exactly how I feel – sell everything. Nothing here looks good,” Gundlach said in a telephone interview. "The stock markets should be down massively but investors seem to have been hypnotized that nothing can go wrong."
Gundlach, who oversees more than $100 billion at Los Angeles-based DoubleLine, said the firm went "maximum negative" on Treasuries on July 6 when the yield on the benchmark 10-year Treasury note hit 1.32 percent.
"We never short in our mainline strategies. We also never go to zero Treasuries. We went to lower weightings and change the duration," Gundlach said.
http://finance.yahoo.com/news/sell-everything-doublelines-gundlach-says-202955293.html
Currently, the yield on the 10-year Treasury note is 1.45 percent, which has translated into some profits so far for DoubleLine.
"The yield on the 10-year yield may reverse and go lower again but I am not interested. You don't make any money. The risk-reward is horrific," Gundlach said. "There is no upside" in Treasury prices.
Gundlach reiterated that gold and gold miners are the best alternative to Treasuries and predicted gold prices will reach $1,400. U.S. gold on Friday settled up at $1,349 per ounce.
Gundlach lambasted Federal Reserve officials yet again for talking up rate hikes for this year while the latest GDP data showed disappointing economic growth. "The Fed is out to lunch. Does the Fed look at what's going on in the economy? It is unbelievable," he said.
Overall, Gundlach said the Bank of Japan's decision on Friday to stick with its minus 0.1 percent benchmark rate - and refrain from deeper cuts - reflects the limitations of monetary policy. "You can't save your economy by destroying your financial system," he said.