SHOW NOTES It’s the end of another quarter, and as we check in on the latest gold and silver news, what do we find? The usual shenanigans. Eric Sprott is “very concerned” about a connection between the repo market issues and the surging GLD inventory…and he thinks the smart money may be moving.
In this edition of the Weekly Wrap-Up you’ll also hear:
• Why there may be a physical shortage of silver
• What’s holding things back for the shares
• Plus: Eric answers your listener-submitted questions
“I found it kind of hilarious when we had that big down day that they apparently said the reason was because Trump was not going to be impeached. So they’re slamming gold. Well, of course, now it looks like they’re working harder on impeachment. But the funny thing is, it doesn’t go back up again. You know why? Because it’s options expiry. And I thought the most hilarious thing I’ve read in a long time is that some people have decided that bitcoin prices tend to go down before the contracts expire on the CME . Isn’t that funny?…Welcome to our world, buddy!”
Toronto Stock Exchange Introduces the TSX30 Canada NewsWire
TORONTO, Sept. 26, 2019
Canada's premier equities marketplace launches new program to showcase top performing companies, TSX to host market open ceremony September 27 TORONTO, Sept. 26, 2019 /CNW/ -
Toronto Stock Exchange (TSX) today announced the inaugural TSX30, a flagship program recognizing the 30 top-performing TSX stocks over a three-year period based on dividend-adjusted share price appreciation.
For Market Openings: Media may pick up a feed from the TOC (television operations centre) for all market open ceremonies. [t][/t]The feed is named TSX Transmit 1 (SD-SDI). The client moves into position for the market open ceremony at approximately 9:27 a.m. ET and the markets will open with the sound of a siren (the traditional market open on Toronto Stock Exchange) at 9:30 a.m. ET.
with Kirkland Lake Gold more involved it will add more knowledge to BONXF exploration and gold production - Let's get it back UP and much higher for its very undervalued and oversold - it should be a 10 bagger and better from here and that's why KL taking more positions :-))
Gold producer Kirkland Lake Gold increases stake in Bonterra Resources Kirkland Lake, which is also backed by mining impresario Eric Sprott, increased its holdings in Bonterra to around 11.3% or 8.5 million shares
Kirkland Lake Gold - Gold producer Kirkland Lake Gold increases stake in Bonterra Resources Bonterra recently closed a C$32 million financing to fund ongoing exploration at the company’s Quebec assets Mining giant Kirkland Lake Gold Ltd (TSE:KL) (NYSE:KL) has boosted its stake in Canadian gold explorer Bonterra Resources Inc (CVE:BTR), which recently closed a C$32 million financing to fund ongoing exploration at its Quebec assets.
Kirkland Lake, which has a market capitalization of over C$12 billion, acquired a further 2 million units of Bonterra at C$2.50 each for a total cash payment of C$5 million. Each unit consists of one share and one-half of one warrant entitling the gold producer to acquire an additional share at C$3.10 until August 20, 2021.
The gold producer, which is also backed by mining impresario Eric Sprott, increased its holdings in Bonterra to around 11.3% or 8.5 million shares from 10.2% or 6.5 million shares.Sprott owns around 5.2 million shares of Bonterra, or just over 8% of the company.
READ: Bonterra Resources raises C$32 million to bolster Quebec projects Kirkland Lake Gold has a long-term view of the investment, it said in a statement.
Bonterra has been advancing its gold projects in Quebec, which include the Gladiator, Barry and Moroy deposits as well as significant regional targets. It also has 100% ownership of the Urban-Barry Mill, the only permitted gold mill in the region.
Recent drilling at the Gladiator and Barry projects in Quebec intersected high-grade gold.
Drilling at Gladiator revealed intercepts of 18.5 grams per ton gold (g/t) over 3 metres in one hole, while another hit 13 g/t gold over 3 metres. At Barry, one drill hole intersected 11.6 g/t gold over 2.9 metres, extending the zone more than 50 metres to the west.
GOLD is Father GOD'S Money! by Robert Kiyosaki says -
God made gold and silver. Man made paper to replace gold and silver as money. Throughout the history of mankind ALL paper currencies have failed. It's an inevitable consequence of paper lacking intrinsic value of gold and silver... simple. Propaganda to the contrary is an attempt to deceive people out of their money, their value, the fruits of their labor, their life savings, their future as independent people living comfortably as a result of hard work and planning for retirement their entire adult lives. All of this is at risk for anyone trusting in paper or electronic currency, which are only substitutes for the real money, God's money, gold and silver.
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