Kirkland Lake Gold (KL)

[NYBob]

Gold barrels into 2019 as growth concerns spur demand for haven -
Dec 31 2018 09:20 Jake Lloyd-Smith and Krystal Chia, Bloomberg

A nugget of gold

Gold is closing out 2018 on a strong note, with haven demand in the
ascendant amid volatile trading in global equities, rising concern
about the economic outlook and a drawn-out government shutdown in the
US.

Spot bullion is holding near a six-month high after topping $1 280 an
ounce, and the metal is set for the best monthly gain in almost two
years.
December’s rally has pared an annual decline, the first full-year loss
since 2015.

Gold gained ground this quarter as global equities plunged and doubts
stacked up among some investors about the pace of global growth in
2019.
The climb has been aided by a weakening of the dollar in December amid
expectations that the Federal Reserve will dial back the pace of rate
increases next year. That’s helped to boost holdings in gold-backed
exchange-traded funds.

"For gold prices, I think there is upside to be seen in 2019," Jingyi
Pan, market strategist at IG Asia Pte., told Bloomberg TV on Monday,
citing prospects for fewer tightening moves from the US central bank.
"It does look like one where we will see a slackening of expectations
in Fed hikes."

Spot gold hit $1 282.23 an ounce on Friday, the highest price since
June, and it’s up 4.8% this month, according to Bloomberg generic
pricing. It traded little-changed at $1 279.04 an ounce at 7:07.

Prices held their ground even after US President Donald Trump struck an
upbeat tone on his trade dispute with China, one of the lingering
threats to growth going into next year.
Trump and Chinese counterpart Xi Jinping spoke at length by phone
Saturday, with each expressing satisfaction.

A bullish breakout will take prices toward $1 309 in the current term,
according to Benjamin Lu, an analyst at Phillip Futures Pte.
Haven demand will "remain vigorous" in the first quarter on economic
and geopolitical concerns, he said.

Gold’s spot price recently rose above the 200-day moving average, and
the 50-day moving average may be on course to do the same in the coming
weeks.

Adding to the bulls’ case, data showed manufacturing in Asia’s top
economy shrank. China’s Purchasing Managers Index fell to 49.4 in
December, lower than expected and below the level of 50 that signals
contraction.

Among other precious metals, silver for immediate delivery was steady
after hitting $15.4031 an ounce, the highest level since August.
A rally of more than 8% this month has eroded an annual drop.
Platinum is set for a full-year fall, while palladium traded just below
a record hit earlier this month.

bigone' on 'Kirkland Lake (KL)(TSX:KL) thank you -

https://www.klgold.com/investors/investor-presentation/default.aspx

https://www.klgold.com/

Kirkland Lake Gold Ltd. (KL) Canadian Operations 2018 -

https://www.youtube.com/watch?time_continue=90&v=iuNysrccPLk




https://www.klgold.com/assets/operations-and-projects/canada/operations/macassa-mine/default.aspx


WHY INVEST IN KIRKLAND LAKE GOLD -

Kirkland Lake Gold is focused on producing over 620,000 high quality ounces
in 2018 from our mines in Canada and Australia, with a commitment to
sustainable production, organic growth and
a strong financial position.

2018 Gold Production of > 620,000 oz
Solid operating platform in Tier 1 mining jurisdictions
Strong Balance Sheet

Cash Balance of US$ 230 million at
December 31, 2017

https://www.klgold.com/investors/default.aspx


In GOD We Trust -






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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


Happy New Year
God Bless America