Today is Tuesday 4th December 2018 and we are stating our reasons why Gold and Silver may continue to rise in sterling terms over the next couple of weeks. On Sunday 9th December, Conservative British Prime Minister Theresa May will debate with Labour Party Opposition Leader Jeremy Corbin on BBC TV at 8pm GMT the details of her proposed BREXIT Deal which many of the original BREXITEERS are unhappy with, and has already led to a number of cabinet resignations. This debate is essentially to give her a last-minute opportunity to try and test her arguments for public consumption prior to an essential House of Commons Vote on the proposed arrangement that her Government has in principle agreed with the EU - which falls far short of what the architects of the “OUT” campaign had envisaged. The House of Commons vote is to take place on Tuesday 11th December, prior to which, the House of Commons will have 5 days of debate on her compromise Brexit deal. Most polls are currently showing that she will lose the vote, and this is where the difficulty truly begins. If she wins the vote, then it would be full steam ahead to exit the EU on 29th March 2019. If she loses, then a number of things could occur: 1. She could go back to the EU and attempt to refine the deal – however the EU has stated that it would not budge any further 2. She could turn around to the EU and ask for more time to negotiate a further deal i.e. delay Brexit – we are not convinced she would get away with that. 3. Her own Party could call for a vote of no confidence via the Conservative Party 1922 Committee, and if she loses that vote, a new leader and Prime Minister will be elected – but if that were to happen that new leader would more than likely be a Hard Brexit person such as Ian Duncan Smith, Boris Johnston or David Davies. 4. She could win the Vote of no confidence and then potentially call a General Election to resolve the matter once and for all – but there is very little time available to achieve this and if her Party lost that election and the Labour Party were to win, they may arrange a new Referendum on Brexit, which they believe the ‘Remainers’ will win. 5. If she wins she may call for a new Referendum herself asking 3 questions of the general public – To Remain, A Hard Brexit or her negotiated deal. 6. She could do what David Cameron did and resign and leave the Country and Party in chaos. Although the options seem plentiful, the reality is that if British Prime Minister loses the vote on Tuesday chaos will be the order of the day. We have already seen the price of gold rise by £70 per ounce in the past 4 weeks, though it has been little moved in US dollar terms, thereby reflecting the current weakness of sterling and this will no doubt continue, until these matters are finally resolved. The irony is, that for markets to remain calm she has to win on Tuesday, however in doing so, she will have achieved a ‘soft Brexit’ or ‘compromise Brexit’ which is something that the hard and fast Brexiteers will brand a betrayal of the British people’s vote. Until then, uncertainty dominates, and we foresee precious metal prices in sterling terms holding up if actually not rising a little further yet, and if the vote is lost, then do not be surprised to see another 5% -10% rise in precious metals shortly after – in sterling terms that is.
How will the softening of the US trade and monetary policies affect the gold market?
Gran Colombia Gold's TTM Adjusted EBITDA Surpasses $100 Million Nov. 26, 2018 11:12 AM ET |
About: Gran Colombia Gold Corp. (TPRFF)
Summary TTM adjusted EBITDA reached $105.4 million at the end of September 2018.
The company has restructured its debt, and it no longer has convertible debentures, which could’ve been highly dilutive.
Reserves and resources could rise significantly as Gran Colombia has embarked on a 30,000-meter drilling campaign at Segovia. The latter currently has 27 known veins and only three are mined.
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Introduction and financials Gran Colombia Gold (OTCPK:TPRFF) is the largest underground gold and silver producer in Colombia, and its main assets are the high-grade Segovia Operations near the city of Medellin:
Gran Colombia Gold Corp. (TPRFF / GCM:TSE) Gold is benefiting from growing risk-off sentiment in financial markets as investors move out of falling equity markets and into more defensive assets.
Economists said that the latest manufacturing data could add to pessimism in the marketplace.
Bob babes, I think a spike is coming in gold. I see gold going closer to 10k rather than 1k, like to see Gran zoom 3x in coming months. thank you, good info :-))
Asia Gold: Weddings boost Indian demand; activity muted in other hubs Rajendra Jadhav, Karen Rodrigues
MUMBAI/BENGALURU (Reuters) - Physical gold demand in India was robust this week as consumers stepped up purchases during the traditional wedding season after domestic rates slipped to a near six-week trough, while gains in global prices weighed on bullion’s appeal in other Asian hubs.
A salesman shows gold necklaces to a customer at a jewellery showroom during Dhanteras, a Hindu festival associated with Lakshmi, the goddess of wealth, in Kolkata, November 5, 2018. REUTERS/Rupak De Chowdhuri Demand in India, the second biggest gold consumer after China, usually picks up towards the end of the year going into the wedding and festival season, when buying the metal is considered auspicious.
The current price level was attracting both jewellers and retail consumers, said Daman Prakash Rathod, a director at MNC Bullion, a wholesaler in Chennai.
Local gold prices were trading near their lowest since Oct. 1, as an appreciation in the rupee made buying overseas cheaper.
Dealers in India were charging a premium of up to $2 an ounce over official domestic prices this week, down from $3 last week. The domestic price includes a 10 percent import tax.
“Jewellers are now replenishing inventory as sales during Diwali were decent,” said a Mumbai-based dealer with a bullion importing bank.
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Indians celebrated the Dhanteras and Diwali festivals earlier this month.
Meanwhile, global benchmark spot gold prices were on track to post a second week of gains, having hit a two-week high of $1,230.07 an ounce on Wednesday.
In China, premiums of $4-$6 an ounce were charged over the benchmark, versus $4-$7 last week.
Demand in China is very quiet these days as prices are trading higher and people are hesitating to buy, said Peter Fung, head of dealing at Wing Fung Precious Metals in Hong Kong.
Premiums in Hong Kong also inched down slightly to $0.70-$1.50 an ounce from $0.80-$1.50 in the previous week.
In Singapore, premiums eased to $0.50-$0.80 an ounce from $0.60-$0.90 previously.
TPRFF/GMC Possibility of a takeover - Yes, crazy numbers here. total enterprise value with debt under 250mm canadian. A buyer can payoff debt, 100mm, and reap returns of over 25-35% per year if purchased for $5. This can happen in a flash. Any thoughts? by liquorc
Given Segovia's growth profile and low production cost, I believe the stock is worth 15x forward earnings, or approximately $10/share, representing close to 500% upside.
If the company continues to execute, then fair value should increase over time. Importantly, the company is now funding its growth from operating cash flow; that eliminates the need for financing, which is commonly a problem for junior miners. The greatest risk to the thesis is the price of gold. If gold were to fall to $1000/oz then I estimate that the company would earn only around $0.10 of EPS; at a 10x earnings multiple (reflecting thinner margins), the stock would be worth $1/share, or ~40% downside. Additionally, there remain operational tail risks, such as a prolonged conflict with artisanal miners or gangs/guerrillas, which could seriously impair the value of the company's assets. Overall, I believe the very large upside potential more than compensates investors for bearing these risks.
Disclosure: I am/we are long TPRFF.
The Largest Underground Gold And Silver Producer In Colombia - Gran Colombia Gold Corp. Cambridge House International Inc. Published on Nov 5, 2018 Watch as Mike Davies, CFO of Gran Colombia Gold Corp. (TSX: GCM), discusses their new milestones for 2018.
The Precious Metals sector continues to be viewed with disdain and skepticism by the vast majority of investors, which is exactly what you want and expect to see at the earliest stages of a major bullmarket. However, the charts continue to shape up well, as we will now see.