Sprott Money News Weekly Wrap-up - 2.1.19 - Published on Feb 1, 2019 Eric Sprott discusses how surging physical demand for gold and silver will impact prices in the year ahead -
Economist John Williams warns, “This is a very dangerous time both domestically and globally.” Maybe this is why gold and silver prices keep steadily climbing higher.
Kirkland Lake, Ontario in 1930 - 26,986 views Charles Allnut Published on Mar 11, 2012
History often repeat itself -
Silent footage of the town of Kirkland Lake, Ontario from 1930, including downtown, the skating rink, Lake Shore Mines, and Wright Hargreaves Mine. This clip is a portion of a promotional film produced by Arntfield Gold Mines in Arntfield, Quebec.
Kirkland Lake, Ontario in 1930 - 26,986 views Charles Allnut Published on Mar 11, 2012
Silent footage of the town of Kirkland Lake, Ontario from 1930, including downtown, the skating rink, Lake Shore Mines, and Wright Hargreaves Mine. This clip is a portion of a promotional film produced by Arntfield Gold Mines in Arntfield, Quebec.
Kirkland Lake nears record highs as investors await Fosterville updates Anthony Makuch, president and CEO of Kirkland Lake Gold, discusses progress at the company's high-grade Fosterville mine in Australia.
Just watched Makuch on BNN This BNN interview is better than New York.
Did you notice Tony was trying to contain the laughter when asked about Fosterville grades, total ounces and production. I don't recall seeing a pm CEO beaming with confidence like today. The Feb 24th report is gonna be good. KL SP despite the slowdown in pog, refuses to decline. From my experience with TA and equities in general, what refuses to go down, must go up. simply.
The real bull market for gold is just in it's infancy, and once they release the hounds, and if stock markets crater again, we will see some real action in KL. All this great appreciation is mainly on fundamentals. $60 will be a walk in park and there isn't any upside resistance if gold goes into $1450 range. I know that sounds pretty optimistic, but all of this is with no significant appreciation in gold. It is really another world in gold bull market and my buddy Chuck can attest to that.
There was some comparision to Red Lake vs Fosterville. Red Lake is very rich area, however there is room for Fosterville to become another type of lengendary deposit via grade and AISC. It is coincidental that past CEO George Ogilvie is now running Rubicon and working Phoenix project down there. He has a mamoth task on his hands trying to correct that situation.
KL may become the gold mining story of this next bull market, which has been starved for any kind of positives since 2011. And why care about gold when Amzn, Aapl, Ntflx, FB are going through the roof for past 7 years? ( which btw is rallying mostly on what George Costanza would say " nothing" )
RE:BNN interview was very interesting ...the more I hear Tony
Everyone is looking at the TA or earnings and are forgetting that sometimes if you are a fund manager you have to own certain stocks. One of the reasons FANG stocks went up, was that if you were a fund, you had to own these stocks. If the FANGS had gone down and everyone owned them, you wouldn't be fired, however if they went up, and you were the one who didn't own them, you could lose your job. If the same thing happens in Gold and KL is one of the go to gold stocks, then the funds will pile into KL, because no one would want to be the one who didn't own KL, and get fired. I am not saying that is happening now, but it could happen. Eric Sprott himself said that KL will be the largest gold stock on the TSX when Goldcorp stops trading, and will probably go on the TSX 60 index. A lot of fund buying will happen in Canada when that happens. Same thing in the U.S if KL is added to different idices there. IMHO by bob
Quote of the Day - “I grew up in a purely urban family. We had no relatives in the country. I’m born in 1944. When I was a baby, my mother could only buy food because she still had some gold coins. Without gold I would have starved. She always told me that. Therefore, this generation already has a certain gold affinity. In extreme times of crisis, this is one of the few things left to be accepted. Gold was the only thing left to the people of the city at that time. Before the silver cutlery was also traded at the farmer.” – Ewald
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