Sabre Gold Mines Corp (SGLDF)

[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://www.bnnbloomberg.ca/gold-miners-are-laughing-through-the-best-rally-in-a-decade-1.1193063


https://kerrmines.com/