Keyword results: gold

AAU
AAU

Ariana Resources – 2021 production update, “fantastic” 2022 ahead?

Ariana Resources (AAU) has announced 2021 production from the 23.5%-owned Kiziltepe mine in Turkey and “with value upside evident across all arms of the company, 2022 is set to be a fantastic year for Ariana”. Well maybe. A lot clearly depends on the gold price but we do think that a) 2022 will be a good year and b) that is not discounted in the curremt share price.

AAU
AAU
PREMIUM CONTENT

Ariana – Production Results And General Update: Still A Buy

AIM-listed Gold and Silver producer in Turkey, Ariana Resources (AAU) released its full year production data for 2021 this morning – and the news is good. Alongside that came an expectation to double the original life of mine at Kiziltepe, and the company confirmed that the plant expansion there had indeed completed in early H2 increasing the capacity to 300% over the feasibility design. It is a cracking update.

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Gold
PREMIUM CONTENT

The View From The Montana Log-Cabin As Gold Yet Again Recovers Above $1800

Gold ended the week at $1818, nicely up from last week’s drop to below $1790 and the close at $1797. The yellow metal is still not though $1830 resistance but the general direction of travel over the past month and a half has been upwards and the past four and a bit months has seen a steadily rising series of low points – even if of late there seems to be a ceiling at $1830. 

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AAZ
AAZ

Anglo Asian Mining – Q4 and full-year update, further potential: BUY

Anglo Asian Mining (AAZ) has published a fourth quarter update, including noting an underway technical study to determine the commercial viability of adding to its production from an existing underground mine, Vejnaly, in the second half of this year.

Bitcoin

Video: Bitcoin to crash to $20,000 but gold set to puke too

I run this to annoy both our in-house crypto loon Jimbo but also gold loon Nigel Somerville. But Andrew Gilbert who makes the call is a chartist so, almost certainly, wrong.

GoldfishShark

Video: Here is why gold is heading to $3,000

Chris Rutherglen is a chartist so feel free to ignore everything he says but just to keep Nigel happy out there in freezing Montana at the log cabin with only the Unabomber on the next mountain to chat to …

Gold

Video: The Fed Must Inflate or Die, soon folks will measure their wealth in ounces not dollars

Ex broker and commentator Bill Holter of JSMineset makes it clear: inflation is unavoidable and that must send gold higher.The process is already underway.

Gold
PREMIUM CONTENT

The View From The Montana Log-Cabin As Gold Withstands Attacks From All Sides

Our favourite technical analyst, Jordan Roy-Byrne of TheDailyGold.com, reckons that Gold is in for some slippage – it could slip down to around $1670 or so in the run-up to the Fed’s first interest rate hike, probably in March. If that is not enough, the minutes of the last Fed rate-setting meeting made it clear that it will be tightening policy – and possibly performing quantitative tightening (the opposite of QE) too. Normally that might be seen as a cue for the yellow metal to nose-dive, and although it fell once again below $1800 it closed the week at a resilient $1797 – down just $33 from the close at the end of 2021.

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Gold

Video: Rick Rule says that Gold & Silver About to Go Much Higher

Perhaps the world’s best known resource investor Rick Rule is, of course,talking his own book but now he has retired from Sprott he claims he can speak more freely than before. The joys of being unregulated. Don’t I know it!

Gold
PREMIUM CONTENT

The View From The Montana Log-Cabin As Gold End 2021 at $1830

Gold ended the year at $1830 – up $20 in a shortened week, but down almost $70 on the year. So much for my belief that anything to do with Gold would have a good year – and so much for my $2000 at year-end prediction. But I sense things are swinging back in favour for the yellow metal.

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RRR
RRR
PREMIUM CONTENT

Why Red Rock should be Tom's tip of the year

Some two years ago, Tom, you made Red Rock Resources Plc (RRR) one of your stocks of the year, and I felt over the ensuing months an added responsibility: that of carrying your colours, with a price target and some promise in relation to hats attached.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: The ghastly Mail on Sunday airbrushes history for a man who lost £21m of other folks cash

Yes Piers Linney is back. I fill in a few gaps for Mail readers including red flags from the latest venture of disgraced Piers, Moblox Limited.  Then it is onto macro predictions on oil, gold, interest rates, inflation, house prices, tax, equity markets and bitcoin. Happy New Year.

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Pound-Sterling
PREMIUM CONTENT

How did my share tips of the year 2021 fare?...

With the ShareProphets 24 tips of the year for 2022, including two from myself, currently being published, how did my 2021 tips fare?…

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AEX Gold – Valley Block early signs “very encouraging”, Buy

AEX Gold (AEXG) has announced that  it “is pleased to provide shareholders with an end of year update”, with it noting a revised mine plan will be driven by drilling results in the Valley Block where the early signs are “very encouraging”.

Gold
PREMIUM CONTENT

The View From The Montana Log-Cabin As Gold Joins The Christmas Rally. What of Next Year?

Gold finished for Christmas at just about $1810, up $11 on the week as Gold enjoyed a very minor Santa rally. The view from the Montana log-cabin is that this recovery of $1800 is fragile in the short term, but I expect a much stronger 2022 as the grinding correction fizzles out and the US heads into mid-term elections at the end of the year.

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GoldfishShark
PREMIUM CONTENT

Revisiting My 2021 Share Tips of the Year

It is time to look back at my share tips from last year’s Christmas tipfest – is it celebration with Ouzo or a big slice of humble pie?

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Gold

Video: what happens to precious metals in the next market crash?

Analyst Bob Coleman from Idaho Armored Vaults is a precious metals bull.

Gold

Video: China Could Tip-Off a Global Inflationary Tsunami & for goldbugs that is what we need

Analyst Jaime Carrasco of Canaccord Genuity is still a gold bull and here’s why.

PREMIUM CONTENT

Caerus continues to head towards near term production with more positive drill and assay results - it remains a speculative buy

These days I’m generally not a fan of tiny natural resources companies and tend to avoid them as they rarely attract the positive sentiment and momentum that we have seen in the past, and most will never even come close to actually extracting anything from the ground.

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Gold
PREMIUM CONTENT

The View From The Montana Log-Cabin As Gold Tries To Sneak Back Above $1800 Whilst Doom And Doomer Hold UK PLC To Ransom

Well that was a strange week! Having plunged as low as $1765 earlier this month from a high point of $1872 mid-November, Gold has been trying to put in a recovery but there have been some strange reactions.

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Gold

Video: Gold to 3,000 oz and higher

Nigel worships the ground on which Jordan Roy Byrne walks. But to me he is just another chartist. Nuff said. If only to humour Nigel, I bring you Jordan’s latest shout. Gold at $3,000. That would be nice but I am not betting the ranch on it. Nor should you Nigel.

Gold
PREMIUM CONTENT

The View From The Montana Log-Cabin As Gold Continues to Consolidate

This week Gold again went nowhere, closing at $1783 against last week’s….er…..$1783. But beneath the apparent market inactivity I sense there is a change of sentiment going on. The issue for me is that in theory, with interest rate rises on the horizon (making bonds more attractive) and suggestions that inflation may be moderating, Gold should be falling in price yet it is holding up quite nicely.

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AAU
AAU
PREMIUM CONTENT

Ariana – Panther Gets Aussie IPO Away: Good News for Asgard and Better News For Standard-Listed Panther Metals

It was announced this morning by both AIM-listed Gold and Silver producer in Turkey Ariana Resources (AAU) and Standard-listed Panther Metals (PALM) that Panther’s Australian assets have been floated on the Australian Stock Exchange. This is good news for Ariana, as its subsidiary Asgard has a small stake and for Panther Metals it means that the Australian portfolio is now separately funded, leaving Panther with just its Canadian assets to fund to production/sale.

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AAL
AAL
PREMIUM CONTENT

Do you have enough mining sector exposure for 2022?

I don’t think the 2020s is the 1970s mark two, but I really don’t think it will be the 2010s mark two either. And that suggests you are going to have to pick-and-choose more carefully during the 2020s. This is why, looking back to the 1970s, there are many relevant reasons why ‘gold’, ‘commodities’ and ‘value versus growth’ were the best performers across the decade then…and that should be the same against ‘bonds’ or ‘cash’ and ‘growth stocks’ by the time we get to the end of 2029. Anyhow, all of this brings me to the question of Anglo American (AAL), with its diamonds, copper, nickel, iron ore and metallurgical and thermal coal exposure.

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AAU
AAU

Ariana Resources – positive resource updates from Cyprus

Ariana Resources (AAU) has announced mineral resource updates for Kokkinoyia and Apliki in Cyprus, emphasising the former “contains a substantial tonnage of mineralised material across several domains beyond what was already understood from the historical work” and that it will now be looking into the potential to integrate a part of Kokkinoyia with the planned Apliki copper mine development project.

AAU
AAU

Ariana – News From Venus: Still a BUY.

AIM-listed Gold producer in Turkey, Ariana Resources (AAU) released two lots of news this week from Venus Minerals, the Cyprus-based explorer in which Ariana holds 50%. First up came a revised mineral resource estimate at the Apliki project, which Venus wants to buy into and which looks set to cornerstone an IPO for the company. Then an increased JORC resource estimate at the Kokkinoyia project was released.

Gold
PREMIUM CONTENT

The View From The Montana Log-Cabin As Gold Steadies Below $1800

Gold had a steady week last week, closing at $1783 per oz, down a shade from $1792 the previous week. As bond yields have moved higher as the market anticipates the Fed’s taper and rising interest rates, it seems to me that Gold is trying to climb the “wall of worry” but as yet hasn’t had the impetus to clear the hurdle. We will have to wait a little longer.

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Gold
PREMIUM CONTENT

The View From The Montana Log-Cabin As Gold Slips Up

Me and my big mouth! Last week it was all positive: Gold had been moving higher, seemed to be out of the downtrend of lower highs and Gold shares were riding high. Then wallop! All of a sudden Gold is back below $1800 at $1792, having been $1845 the previous week. But is this sell-off really serious?

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PREMIUM CONTENT

AEX Gold – Q3 update, Nalunaq and exploration upside potential: too much yakking but we still have faith

AEX Gold (AEXG) has announced third quarter results and an update including that a Nalunaq project engineering study is on track to be completed by the end of the year and that it is extremely excited by the wider exploration potential of its assets and looks forward to also being able to demonstrate the potential value of its non-gold, strategic mineral assets in due course.

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GoldfishShark

Video: Fed’s New Faces Present an even more Favorable Situation for Gold

Commentator Adrian Day says that “The Fed’s bark is worse than it’s bite.”

More incredible analysis worthy of Buffett from the UK's top gold analyst David Lenigas

Once again, if I have ever given the impression that David Lenigas is a penny share spiv happy to tell total porkies to promote worthless investments such as UK Oil & Gas (UKOG) I must apologise. And I mean that most sincerely. For this morning the great number cruncher has produced, on twitter, more in-depth and compelling research with conservative share price targets on a stock where I happen to be long, not that this influences me in any way. The great man reckons shares in this gem might gain 66% within weeks. Who am I to argue?

HOC
HOC
PREMIUM CONTENT

Hochschild offers possible large upside for speculators, but I'd wait until the political risk is resolved before buying

Political risk is always hard to gauge, and where it does start to become a potential issue for a company, it is rarely clear in advance just how much of a problem it could be. The political risk in Peru increased significantly earlier this year when left wing president Pedro Castilla came to power, especially for mining and oil companies as he had promised to heavily tax foreign companies operating there.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Why I can't be as bullish as I should be on gold & is La Willingham's chairman independent in any way?

I start on gold and why, though a bull, I can’t be as bullish as I think I should be. We are all prisoners of our pasts. Then back to Nightcap (NGHT) the corporate goverance disgrace founded by Sarah Willingham of Dragon’s Den fame. This all started with the greed and reward for failure I exposed HERE, the misuse of company funds exposed HERE and then the shocking undisclosed relationship of La Willingham with the chap who runs the Remuneration Committee HERE. Now I turn to chairman Gareth Edwards and another NED Thi Hanh Jelf and the Pinsent Masons connection. Can we really view Gareth as independent?  I call for three resignations and the return of company funds first thing tomorrow. That is the least Nomad Allenby should accept as the price for it not resigning.

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Gold
PREMIUM CONTENT

The View From The Montana Log-Cabin as Gold Consolidates Above Former $1835 Resistance so when will we see $4080 Jordan?

Gold may have sold off at the end of last week, but seems to me to be sitting pretty at $1845 – down $21 on the previous week but still nicely above former resistance at around $1835. But there is perhaps a rather more troubling line to cross at around $1900 or thereabouts, which might take a few goes to crack.

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Bear
PREMIUM CONTENT

Inflation reality can no longer be covered up. The coming inflation will be one for the history books as bitcoin falls to zero

We currently find ourselves at a very interesting fork in the road because the overstimulation of economies by Central Banks since March 2020 is now starting to feed through into higher reported inflation and, more importantly, inflationary expectations. I see no return to a low inflationary world any time soon.

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AAU
AAU
PREMIUM CONTENT

BUY Ariana – Drilling At Salinbas and Tavsan

AIM-listed Gold and Silver producer in Turkey, Ariana Resources (AAU) has announced that exploration at the Salinbas project and at the forthcoming second Gold mine at Tavsan has kicked off in a mid-winter programme which will inevitably present some challenges for the three-way joint venture in which Ariana holds 23.5% alongside Ozaltin and Proccea.

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Gold
PREMIUM CONTENT

The View From The Montana Log-Cabin As Gold Races Ahead In The Face Of Inflation

I don’t think it is quite time for an Ouzo yet, but I’m feeling pretty happy watching Gold rise to its current level of $1866  – up $40-odd on a week ago and, importantly for chartists, through resistance at around $1830-35 which ShareProphets’ favourite technical analyst, Jordan Roy-Byrne of TheDailyGold.com, had been looking for whilst warning of a drop.

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GoldfishShark

Video: Gold is About to Enter it’s Next Leg-Up

Analyst Michael Oliver believes the movement in gold last week was just the start of another bull run. Silver is in a similar pattern to gold but needs to reach $25.37 on a weekly close to trigger a move higher, he claims.

AAU
AAU

Ariana – Drilling News From Apliki

AIM-listed gold producer in Turkey Ariana Resources (AAU) has updated the market on the proposed 50-50 joint venture between investee Venus Minerals, in which Ariana now holds 50%, and Hellenic Copper Mines involving the Apliki Project in Cyprus. If all works out successfully the plan is for Venus to pursue its own IPO, giving Ariana some additional liquidity in the form of listed shares.

PREMIUM CONTENT

Panther Metals – Aussie IPO On The Way: BUY

Standard-listed Panther Metals (PALM) has confirmed this morning that the IPO of its Australian assets is set for 10 December. This is great news, firstly because the IPO offers finance for the Australian half of the portfolio and leaves Panther to concentrate on the Canadian assets. But it also means that its Australian assets will offer liquidity, either from the direct sale of shares or giving the opportunity to leverage its position. So how do the numbers look?

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Gold
PREMIUM CONTENT

Time To Sell the Montana Log-Cabin And Put Those Cans of Beans on Ebay? No Chance!

ShareProphets published the latest thoughts of favourite technical analyst Jordan Roy-Byrne regarding Gold on Friday. It was described as a bleak warning for folkslike me but I beg to differ – and I certainly won’t be buying meme stocks instead!

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ARS
ARS
PREMIUM CONTENT

The Asiamet deal with Delta Dunia is better than the market is valuing it at - buy

It looks as though Asiamet Resources (ARS) has finally landed the deal for the BKM asset that investors have been patiently waiting for, but so far the market seems unimpressed and the share price is trading lower than it was before the announcement.

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GoldfishShark

Video: Nigel's hero Jordan Roy Byrne warns gold is going lower - won't see $1950 for 12months

Oops. this is the man gold mega bull Nigel Somerville always defers to, Jordan Roy Byrne and for gold bugs his warning is bleak. The yellow metal ain’t going anywhere fast and indeed could go lower until Spring 2022. Ouch Nigel….time to move back from Montana, sell the beans and gold and buy some meme stocks? Over to you Nigel to respond. Meanwhile here is Jordan…

BMV
BMV
PREMIUM CONTENT

Bluebird Merchant Ventures – interims, slowly making progress

Bluebird Merchant Ventures (BMV) has announced half-year 2021 results, including that the buyout of the project interests of joint venture partner Southern Gold (ASXSAU) should be completed by the end of the year but that its project work has been restricted.

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Gold
PREMIUM CONTENT

The View from the Montana Log-Cabin as Gold Stalls Again Ahead of Fed Meeting

Gold closed the week – and month – at $1785, down from last week’s $1792 having again had a go at breaking through $1800. It does keep knocking at that door but so far there isn’t the buying strength to go through. I fancy that the market isn’t keen to put its money on the table ahead of next week’s central bank meetings in the UK (less so) and more importantly at the Federal Reserve. Whilst there is plenty of speculation that the UK will raise interest rates, over at the Fed the question is merely about tapering the vast quantities of new cash being printed and for Jerome Powell and his colleagues it is a tough call.

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GoldfishShark

Video: Gold – The Center of the Financial Universe

Investor and writer Nate Fisher kicks off by describing a regular monthly pattern he sees with silver that is indicative of manipulation.

AAU
AAU

Ariana – Oh No: Not More Good News!

AIM-listed Gold (and Silver) producer in Turkey, Ariana Resources (AAU), has had a wonderful summer in terms of its Gold exploration activities with a stack of very promising drill results from across its portfolio which suggest good news to come next year. Gold and Gold stocks may have had a torrid time, but on the exploration front Ariana hasn’t been able to disappoint and this morning saw yet more good news from investee Venus Minerals in Cyprus.

GoldfishShark

Video: Gold and Inflation

Analyst Jeffrey Christian admits that folks do not agree about what will happen next.  He discusses his recent presentation at the Silver Symposium and how his opinions differ. He notes that all currencies are fiat and that gold’s value is determined by fiat. Much in the same way that currencies are valued by national central banks.

GPM
GPM
PREMIUM CONTENT

Golden Prospect Precious Metals – half-year disappointment, but upside potential from this still well in the money tip

Predominantly precious metals companies investor, Golden Prospect Precious Metals (GPM) has announced results for the first half of 2021, with experienced Chairman Malcolm Burne noting “governments acknowledge gold’s safe-haven protection even if the fickle investment community does not” currently.

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Gold
PREMIUM CONTENT

The View From The Montana Log-Cabin as Gold Continues To Edge Higher

Gold closed this week at $1792 – up from last week’s $1768 and like last week it had a pop at $1800, reaching $1813 before being batted back down below $1800. Gold stocks had another good week too, as can be seen on the chart showing Gold, GDX (major producers’ ETF), GDXJ (“junior” producers) and GEOX (explorers) below.

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GPM
GPM
PREMIUM CONTENT

Golden Prospect – Interims: Buy the Insurance

Fully-listed Christmas share tip of mine, Golden Prospect (GPM) released its interim results to June this morning. The bottom-line news was that Golden Prospect lost 16% in NAV terms over the period – not exactly a healthy performance. But as long commented on these web-pages, Gold and Gold stocks have been in a correction since the beginning of August 2020 and I have commented before that Golden Prospect is likely to over-perform in both directions so when times are good they are really good for shareholders, but when Gold goes through stickier times Golden Prospect is likely to underperform. And so it has been: Golden Prospect’s NAV dropped 16% whilst GDXJ (the “junior” gold-miners ETF) dropped 14.7% and the yellow metal itself only fell by 6.4%.

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ARS
ARS
PREMIUM CONTENT

Asiamet has failed to live up to expectations so far, but could be on the verge of securing a partner to progress its copper assets

Asiamet Resources (ARS) has been a very frustrating share to hold and in the past I have been less than impressed with the management, especially when it comes to the Aeturnum debacle at the start of this year.

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CEY
CEY
PREMIUM CONTENT

Centamin – Q3 Report Again Shows All Is On Track: BUY For the Yield, The Upside Is In For Free

Fully-listed Egyptian Gold miner Centamin (CEY) has this morning released its Q3 report and the good news is that, once again, all is on track. Guidance remains in place, with a couple of positive tweaks – and that suggests the dividend is safe. Indeed, it is possible that it could increase from guidance.

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PREMIUM CONTENT

AltynGold – Q3 update, shares up but looks more to come

Gold miner in Kazakhstan AltynGold (ALTN) has made an update on the third quarter of the year, with the shares up as it noted that despite lower gold prices “strong production dynamics” still meant revenue was marginally up.

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GoldfishShark

Video: An Important Turning Point in Precious Metals

Analyst Christopher Aaron says “Now is the time to prepare your lifeboat because there is trouble coming for the dollar.”

AAU
AAU

Ariana Resources – Tavsan EIA approval, further production now baked in: BUY

Ariana Resources (AAU) has announced government approval of the Environmental Impact Assessment for the Tavsan project and that its joint venture is to “now proceed through the final permitting and construction phases”.

Gold
PREMIUM CONTENT

The view From The Montana Log-Cabin as Gold Rushes Higher to $1800 – And Then Falls Away

Gold finished this week at $1768 per oz, up $11 on last week and $6 on the week before – hardly an earth-shattering move. But mid-week it hit $1800 on CPI inflation data from the US showing that prices had risen more than expected at +0.4% in September against expectations of 0.3%. Suddenly everyone was worrying about inflation – so much for the Fed’s “transitory” label: the truth is emerging that inflation is indeed a problem. What kicked Gold back down again was US retail sales for September, but there is a bit of a problem with that…..

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Father Christmas
PREMIUM CONTENT

Update on my share tips of the year 2021...

My tips of the year were published in late December 2020. How are they doing, now into the fourth quarter of this year?…

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AAU
AAU

Ariana – Environmental Approval for Tavsan Gold/Silver Mine: another reason to buy

AIM-listed Gold (and Silver) producer in Turkey, Ariana Resources (AAU) has announced this morning that the Turkish government has approved the Environmental Impact Assessment (EIA) report for the Tavsan Mine – to be Ariana’s second Gold/Silver producer. This is great news and the market has responded by marking the shares up early-doors by 11% although they have settled back to 4.45p since.

AAU
AAU
PREMIUM CONTENT

Ariana – Big Developments at Venus Minerals

AIM-listed gold producer in Turkey, Ariana Resources (AAU), announced yesterday news of big developments at its 37.5% owned, rising to 50% later this year, investee Venus Minerals. Venus is on the cusp of signing up to a joint venture to bring the Apliki copper mine into production and plans to get its own listing in London for its shares by year-end – news of all of which was a pleasant surprise to me.

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Gold
PREMIUM CONTENT

The View From The Montana Log-Cabin as a Sense of Optimism Starts to Emerge (for Gold Bulls)

Gold closed the week at $1757, down a tad from last week’s $1761 but pretty much unchanged. Nothing to write home about, perhaps, but very quietly Gold stocks seem to be showing a little more poise than of late. My chart of Gold against GDX (Gold majors’ETF), GDXJ (Gold not-so-juniors ETF) and GOEX (Gold explorers) shows what I am talking about.

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Bitcoin

Video: Gold 1, Bitcoin 0

This is just for Jimbo! Writer Keith Weiner says that economists and experts tend to say the strangest things and most of their statements don’t pass basic scrutiny.

AAU
AAU
PREMIUM CONTENT

Ariana – Cyprus News from Venus

AIM-listed Gold producer in Turkey, Ariana Resources (AAU), has announced news from Venus Minerals, in which it is has a 37.5% stake rising to 50% later this year, regarding drilling results from Kokkinoyia in Cyprus.

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Top-10

Notes from Underground – Most read articles for the week ending 2 October 2021

The top non-Tom article this week is The View From The Montana Log-Cabin as Gold Tests Nerves And I Beat the Rush to Stockpile Beans by Nigel Somerville at number 1 or number 2 if you include the Bearcasts.

Gold
PREMIUM CONTENT

The View From The Montana Log-Cabin as Gold Clings On And I Wait Patiently for the Turn

The Gold price rose a little this week to $1761 from $1751 a week ago despite at least short term fundamentals being against it. Interest rate expectations are for rising rates, bond yields have been rising and equity markets haven’t cracked: the immediate outlook isn’t all that great for Gold, but it’s hanging in there.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: the Agony and the Ecstasy

I sart with a chat I had with my friend Lucian Miers on Demetri Kofinas and financial nihilism. Honest, it is more interesting than it sounds. Then to gold and why one might be losing faith. Lucian has.  Then to two stocks I own Kefi (KEFI) and MyHealthchecked (MHC) and one that I do not and which is on its way down the plughole: the fraud Chill Brands (CHLL).

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Collapsing-Reactor

Video: We are about to re-enter the storm that started in 2008

Asset manager Jaime Carrasco of Canaccord Genuity warns that we’re about to re-enter the storm that began back in 2008. He says, “Get your ship prepared.”

Gold
PREMIUM CONTENT

The View From The Montana Log-Cabin as Gold Tests Nerves And I Beat the Rush to Stockpile Beans

Another week goes by and Gold is testing the nerves: having bounced between $1750 and $1830 or thereabouts over the past three months, this week the direction of travel has been lower and the price closed the week at $1751. Worse still, we have seen a series of lower highs.

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Bear

Video: Quoth the Raven on the Next Lehman moment when EVERYTHING fails

The Quoth the Raven podcast host Chris Irons is a man who believes in sound money and bad language so he must be a good bloke. Chris reckons that everything in the markets is rigged and the biggest rigger is the Fed. He says that the Fed’s main function today seems to be preventing market corrections. This is causing numerous issues along with making most people complacent.

AAZ
AAZ

Anglo Asian Mining – interims, production guidance maintained. Buy

Miner in Azerbaijan, Anglo Asian Mining (AAZ) has announced results for the first half of 2021 and that “FY 2021 Production guidance of between 64,000 to 72,000 gold equivalent ounces remains unchanged”.

MTL
MTL

Metals Exploration – interims and more to come as access to further resource is developed

Metals Exploration (MTL) has announced results for the first half of 2021 showing it generating cash and that access to further resource is being developed.

Panther Metals – Placing and Drilling

As with most junior miners, this one told us little of note in its interims today. But yesterday, Standard-Listed Panther Metals (PALM) announced the commencement of drilling at its Dotted Lake property in Ontario, Canada. The campaign with the drill-bit is to be short, with just a single hole planned, but the plan is for a 400m hole to be drilled directly below a historical trench previously excavated in 2010 which threw up some promising samples. Of course, at this stage it is a jam-tomorrow prospect but the drill bit might just prove it is a little more than that and we should find out fairly soon.

Gold
PREMIUM CONTENT

The View From the Montana Log-Cabin as Gold Fails Again at $1800

This is getting boring! Gold fails at $1800 and slips, recovers, shows signs of another attack at $1830 resistance and then fails again. Repeat ad nauseam. As can be seen from the chart below, it has been going on for some time now – indeed, since mid-June.

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Top-10

Notes from Underground - Most read articles for the week ending 18 September 2021

The top non-Tom article this week is My Gold Stocks, and Time To Revisit One I Let Go? by Nigel Somerville at number 4 or number 9 if you include the Bearcast.

AAU
AAU

Ariana Resources – further positive intercepts at Kepez North, Buy

Ariana Resources (AAU) is pleased to announce recent resource drilling results obtained from the Kepez North area of Kiziltepe, 23.5% owned by the company – emphasising that the area will provide Kiziltepe with a source of high-grade ore for blending with its current processing plant feedstock.

AAU
AAU

Ariana – More Drilling Results From Kepez North. They excite me if nobody else!

AIM-listed Gold and Silver producer in Turkey, Ariana Resources plc (AAU), announced another round of drilling results from the Kepez North area at Kiziltepe yesterday and the numbers look very promising.

Beggar

Video: Disincentives to Work Are Growing

Investment adviser Axel Merk warns that across the West there are growing reasons why tens of millions of folks will opt not to work but to such at the nipple of the State instead.

BMV
BMV
PREMIUM CONTENT

My Gold Stocks, and Time To Revisit One I Let Go?

It has been a long year since the correction in Gold and Gold stocks set in. Back in August 2020, the yellow metal peaked at $2063, AIM-listed Ariana Resources (AAU) at 6.4p, fully-listed Centamin (CEY) at 232p, Golden Prospect at 72.5p and my minnow explorer, Standard-Listed Panther Metals (PALM) reached a then peak of 13.75. Now their prices at $1787, 4.7p (plus a dividend of 0.35p on the way), 91.4p (plus two dividends totalling 7 US cents), 48.5p and 12.875p. Ouch!

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Gold
PREMIUM CONTENT

The View From The Montana Log-Cabin as Gold Slips Back Below $1800

I had hoped that Gold might push through resistance at $1830-50 last week, but it did not – and the price slipped more-or-less all week to close at $1787 per oz, down from $1828 a week ago. The apparent resistance tells me that there is some way to go before there is enough market strength to push on higher to $1900 and beyond.

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PREMIUM CONTENT

Panther Metals – Progress With Aussie IPO: worth a flutter!

Standard-listed Panther Metals (PALM) offered up some good news this morning with regard to the IPO of its Australian assets, with the appointment of Brokers and an Aussie fundraise which suggest that it is all go.

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Gold
PREMIUM CONTENT

The View From The Montana Log-Cabin as Gold Challenges $1830 resistance

Another week and more positive progress in the price of Gold. Last week it closed at $1817 per oz, now it is up to $1828 and spent the back end of last week having a pop at $1830 overhead resistance.  This is all very positive in my book, and Silver had a strong week too moving up to $24.73 having put in a low point of $23.00 last month. So is the Gold Bull-market about to reappear?

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Gold

Video: Bullion will be Impossible to Find in a Crisis

Bullion dealer James Anderson looks at gold demand since 2020 and argues that interest in metals is steadily increasing. In the years to come, he predicts that this interest will continue as uncertainty in the markets grows: The structure of the financial system today is vastly different than in the past. Now there are layers of obscurity hiding the unstable system. Eventually, these problems will be too big to hide.

Gold

Video: Gold Stocks Are Only Industry Beating Inflation Today

Investor Michael Gentile has a simple message about the only way to cope with inevitable inflation coming down the track towards us and fast.

Gold

Video: Bullish Signals All-Around in the Mining Stocks

Analyst John Feneck of Feneck Consulting, argues that FOMC Chair Powell is a former attorney and isn’t an economist. So, it’s important to listen to what the Fed chair is saying and avoid noise from others, even those at the Fed. John explains the importance of non-farm payrolls metrics but one should also watch the CPI and home prices. He cautions that a single metric should not affect the gold sector that much.

Dominoes
PREMIUM CONTENT

How do you feel about the rest of the year (and beyond)?

Too many years being involved in the investment industry taught me a few things, including that aiming to “sell in May and go away” was comical.  No doubt for the rich who have had to worry about the summer season between June and September, it may have made a bit of sense, but for lower middle class grafters like me the summer always offered more working opportunities than threats.

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PREMIUM CONTENT

If you're bullish on precious metals, Polymetal offers value and growth potential - buy

If you want to invest in London listed precious metals producers your choice of shares is fairly limited, and has become even more so in recent years following takeovers of a couple of the popular miners.

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Gold
PREMIUM CONTENT

The View From the Montana Log-Cabin as Fed Chair Powell Shoves Taper up Virtual Jackson Hole

Gold ended the week at $1817, up from $1781 last week. The big news was the chairman of the Federal Reserve, Jerome Powell’s speech to the virtual Jackson Hole shindig and whilst there had been some talk of a spot of hawkishness and an imminent taper on the masses of magic money being spewed out by the Fed, what we actually got was that the Fed’s view was that it could be appropriate to trim in this year. Which, of course, means it also could not be! The result was that Gold headed north and gold stocks followed suit.

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Bitcoin

Video - gold is going up but bitcoin will see $20,000

Okay, the call is from a chartist so you may wish to ignore it but since it will annoy some folks here goes anyway.

AAU
AAU
PREMIUM CONTENT

Ariana – New Targets and The Great ShareProphets Duel!

It was a fight to the death – well, not really for ShareProphets readers are far too civilised for that. In the blue corner we had Putneywill thinking that the massively long-awaited special dividend from Ariana Resources (AAU) would see the shares tick down by less than the dividend when it finally arrived. In the red corner we had Pierotlunaire arguing that it would not – and a bet ensued, with ShareProphets’ favourite charity Woodlarks the winner. The stats say there was a winner – but this is ShareProphets, where our readers operate by different standards, and it seems that in the end Woodlarks won one and a half times over.

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PREMIUM CONTENT

More capex but more personal optimism in Polymetal

Nearly seven months ago I observed that you should ‘always believe in gold…but stick with Barrick (GOLD) and Polymetal (POLY) and not Yamana (AUY)’ HERE. Most gold stocks are down year-to-date – after an excitable previous couple of years – and these three stocks have been no different. So what do I make of Polymetal now after it published its first half numbers today?

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Bear

Video: Market Optimism Should Signal Caution in Equities

Writer Jonathan Baird says that the biggest takeaway in markets today is the importance of macro factors. Some things that appear to come out of left field like the pandemic were foreseeable. It’s important to not focus too closely on your investments but also be aware of what is going on in the larger sense.

AAU
AAU

Ariana Resources – dividend declaration and more to come, Buy

Ariana Resources (AAU) has announced it will pay a dividend of 0.35p per share by 26th September, with further payments to then follow.

Gold

Video: In a Crisis You Need Gold - it will reach $6000 an ounce!

Dan Popescu is an independent investment analyst of the gold and silver markets and starts with a history lesson to justify his bold prediction.

Gold
PREMIUM CONTENT

The View From the Montana Log-Cabin as Gold Stocks Continue to Plunge in Wonderland

I have been noting for the last few weeks how the Gold price has been fairly stable (…ish!) whilst Gold stocks have been falling. Last week I had wondered whether a mini double-bottom put in by gold stocks might draw an end to this. Alas, no – here is the chart for Gold, GDX (large gold-miners’ ETF), GDXJ (“junior” miners ETF) and GOEX (gold explorers’ ETF). They are still dropping.

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AAZ
AAZ
PREMIUM CONTENT

Anglo Asian Mining – Zafar maiden JORC Mineral Resource adds to potential

Anglo Asian Mining (AAZ) has announced a maiden JORC Mineral Resource for its Zafar polymetallic deposit in the Gedabek contract area, Azerbaijan, which it argues is “extremely encouraging and will help underpin the company’s future long-term production growth”.

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PREMIUM CONTENT

Panther Metals – How to do Options

We are told that company directors need incentives – you have to pay for quality! Often this involves handing out share options “to align directors’ interests with those of shareholders” but often they are anything but. Often, the options are free and thus offer directors a one-way bet with no upfront cost (or risk) involved. As a general thing I dislike options – they dilute me as a shareholder and directors are well paid enough anyway – but they are a fact of life. However, options packages can be structured in such a way as to leave plenty in it for shareholders and this morning’s announcement from standard-listed Gold explorer Canada and Australia Panther Metals (PALM) seems to tick all the right boxes.

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AAU
AAU

Ariana – Yet More Drilling Results!

AIM-listed Gold and Silver producer in Turkey Ariana Resources (AAU) has released yet another round of drilling results – this time from the Karakavak area of the Kiziltepe sector. It does seem that the joint venture with Proccea and Ozaltin, of which Ariana owns 23.5%, is going flat out to prove up more resource for the Kiziltepe mine.

Collapsing-Reactor

Video: The Dollar is a one way bet, Confidence is Grinding Lower

Analyst Craig Hemke, founder of TF Metals Report is no fence sitter. Craig discusses the growing shift in wealth inequality since the untethering of the dollar from the gold standard. The ending of the gold standard required faith and confidence in the US government. Today, that confidence is steadily waning.

AAU
AAU
PREMIUM CONTENT

Ariana – Ouzo on Cornflakes Day as Dividend Declared (At Long Last): Hooray!

AIM-listed Gold and Silver producer in Turkey, Ariana Resources (AAU) has finally declared the first part of the special dividend resulting from the part-sale of its Turkish assets to Ozaltin and Proccea as part of a three-way joint venture. This has been a painfully long time coming, but we now know that 0.35p per share will be paid up by 26 September, with an ex-dividend date of 26 August (ie next Thursday).

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AAU
AAU
PREMIUM CONTENT

Ariana – Yet More Drilling Results, Now From Arzu South: BUY

Another day, another set of very promising drilling results from Gold and Silver miner in Turkey, Ariana Resources (AAU). This time it relates to Arzu South, the highest grade pit around the Kiziltepe processing plant, which was mined to depletion until the company started digging even lower only to find more gold. This is very good news.

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AAU
AAU

Ariana Resources – encouraging Kiziltepe drilling results, Buy

Ariana Resources (AAU) has announced further drilling results from the producing Kiziltepe part of its 23.5% owned joint venture, including that “multiple structures were intercepted at each tested point… what is immediately apparent from our latest understanding is that there is an area of not fully quantified resource potential”. Further promise then.

Bear

Gold golden anniversary

If you are relying on the banksters you are kidding yourself

Gold
PREMIUM CONTENT

The View From the Montana Log-Cabin as Gold Switches Back (upwards)

What a week: last weekend Gold had dropped sharply to $1763 and dropped further overnight Sunday/Monday, posting a flash-crash low of $1680 before recovering to around $1730. It all looked so gloomy: gold stocks were struggling, Gold had broken support at around $1775 and the only way appeared to be down. But we finished the week at $1780. Should I be getting out my party hat?

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Coke

Video: Dr. Marc Faber - Inflation Cannot be Stopped and that will cause massive pain all round

Celebrated author and investor Marc Faber does not mince his words. Most stock markets and sectors have underperformed compared with US Markets. This, Faber explains, is because every time the Fed prints, it ends up with corporations and the super-rich. Markets are no longer homogenous, and fiscal deficits are no longer expanding. This is making it more difficult for the entire market to move upwards.

AAU
AAU
PREMIUM CONTENT

Ariana – More Drilling Results, This Time From Arzu Central: BUY, I will almost certainly be doing so

Drat and double drat. There I was yesterday thinking that shares in AIM-listed Gold (and Silver) producer in Turkey Ariana Resources (AAU) were incredibly cheap at 4.4p and contemplating another purchase – but then other things got in the way and I didn’t add to my over-sized holding. And so today we got another round of drilling results, this time from Arzu Central,  and the stock is up 6% to 4.65p. Somebody obviously likes the news…..

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Gold
PREMIUM CONTENT

The View From the Montana Log-Cabin as Gold and Gold Stocks Dip Again

Having traded between around $1800 and $1830 for the past month, on Friday Gold finally gave way and dropped to $1763. Gold Stocks duly followed. So what lies ahead? Further declines, a jolly good  bounce or just flat-lining?

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Beggar

Video: the blowoff top for equities is here

Analyst Michael Oliver focuses on bubbles in equity markets and says that the S&P indicates a top while momentum is waning. He argues that bear markets typically begin with a gradual arm-wrestling decline and often no crashes, which he expects will occur. Michaels proprietary volatility indicators are now showing a similar pattern that we saw in 2008.

CEY
CEY
PREMIUM CONTENT

Centamin Interims – All on Track (again….) and a Nice Surprise: BUY

Fully-listed Egyptian Gold-miner Centamin (CEY) has delivered in line Interims this morning – although that is no surprise given that we knew most of the data offered already. What was a pleasant surprise was that the interim dividend, which I had expected at 3 US cents per share, has come in at 4 US cents.

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Beggar

Video: This is the Financial Bubble to End all Bubbles

Asset manager Peter Grandich says that during his forty year career, financial markets have changed to become high-tech casinos. Spot on!

PREMIUM CONTENT

Buy Fresnillo

Gold and silver miners have generally performed quite poorly as of late, and certainly when you consider the prices that the metals themselves have been trading at, and Fresnillo (FRES) has certainly been no exception. That is your opportunity and here is why.

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Gold
PREMIUM CONTENT

The View From the Montana Log-Cabin as Gold edges higher again and Gold Stocks Maybe Register a Bottom

Last week I pointed to the fact that while Gold was holding the $1800 per oz mark, Gold stocks had been sinking and I put up a chart to show it. Here is that same chart a week later:

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Beggar

Video: Fed Will Be Caught Between Inflation and Market Crash

A final melt up followed by an 80% market crash? This David Hunter chap is a cheery fellow is he not?

AAU
AAU
PREMIUM CONTENT

Ariana – H1 2021 Gold Production Update

AIM-listed Gold producer in Turkey Ariana Resources (AAU) has this morning updated the market on Gold production from its 23.5%-owned Kiziltpe plant. The numbers aren’t all that great, but we knew that already as lower grade ore is being processed at the moment, but the accompanying update on the plant capacity expansion offers much hope.

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Gold
PREMIUM CONTENT

The View From the Montana Log Cabin as Gold Holds $1800 but Gold Stocks Continue Slide

There is an interesting dichotomy between the prices of Gold and Gold Stocks. Encouragingly, Gold closed the week having held the $1800 mark at $1803 but Gold stocks, Silver and Silver stocks have been sliding. What to make of this?

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AAU
AAU

Ariana Resources – significantly increased Kepez North resource & dividend plan, more to come

Ariana Resources (AAU) has made a “Significant Resource Update: Kepez North”-titled announcement and also is “exceptionally pleased to be able to announce the details of the company’s dividend distribution plan”. Should investors be also?

Bitcoin

Video: Gold Has not YET Responded to Negative Rates (it will)

Asset manager Michael Gayed notes that this year has been remarkable in many ways. That is a bit of an understatement.

GoldfishShark

Video: one more melt up for the Dow before a repeat of dotcom crash & lines in the sand for Gold and Silver

Patrick Karim is a technicals based trader so take what he says with a pinch of salt but he makes a few big calls. 

BMV
BMV
PREMIUM CONTENT

Bluebird Merchant Ventures – Operational Update shows progress is being made, Buy

Bluebird Merchant Ventures (BMV) has made an Operational Update” including that the legal transfer of the Southern Gold (ASXSAU) holding in the Kochang and Gubong projects in South Korea was finalised this week and emphasising “a clear plan to bring about gold production commencing at the Kochang gold and silver mine”.

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CEY
CEY
PREMIUM CONTENT

Centamin Q2 Report: All Remains on Track - Buy

Fully-listed Egyptian Gold-producer Centamin (CEY) released its Q2 report this morning. The good news is that all seems on track to meet full-year guidance as the company continues its recovery from the ground movement issues last autumn and an interim dividend is on the way.

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AAU
AAU

Ariana – Resource Upgrade at Kepez North

Following yesterday’s news on the special dividend, AIM-listed Gold (and Silver) producer in Turkey, Ariana Resources (AAU), has this morning offered up a resource upgrade at the Kepez North pit which lies approximately 10 miles by road from the Kiziltepe gold plant. And the news is good!

Gold
PREMIUM CONTENT

The View From the Montana Log-Cabin as Gold to hit $18,000? I hope not!

Gold closed this week at $1812 – up a notch from last week’s $1808. That’s a fourth weekly gain in a row, which is good, but given that the price peaked at over $1830 it’s a bit of a disappointment. The surge was in reaction to yet another set of US inflation data well above expectations, but the response was short-lived.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Will gold hit $18,000 - do I have to mention Cheryl?

I start with events on the Isle of Man and general covid lunacy and how that makes everything – including MyHeathChecked (MHC) – such a gamble. When will this track and trace madness stop? It is sheer insanity. Then I look at the gold price reviewing my portfolio and finally a few words on today’s expose on Wildcat Petroleum (WCAT) where the silence of its scumbag advisors is deafening.

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Gold

Video: Gold is at the START of a ten year bull market - $18,000 oz is the target

This will be music to the ears of our in-house gold loon Nigel Somerville. Trent Norris from Sterling Capital is a gold bull but a silver mega bull. He believes the mining sector is in an excellent buying opportunity at that we are near the start of the cycle, which usually lasts a decade.

  • 191 days ago
AAU
AAU
PREMIUM CONTENT

Ariana – New Dragon’s Den Venture

AIM-listed Gold (and Silver) producer in Turkey Ariana Resources (AAU) has announced a new venture in the form of a Discovery Fund, through which an initial A$ 2 million will be invested into discovery-stage mineral exploration in lumps of up to A$ 0.5 million at a time.

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CEY
CEY
PREMIUM CONTENT

The View from the Montana Log-Cabin as Gold Squeezes back above $1800

Last week the Gold price closed up just $6 at $1788. This week it has put in a slightly less modest increase to $1808. Gold has notched up a hat-trick of weekly gains; I’m not so sure that this means it is time for the return of the Gold bull-market just yet, but there are some positive signs.

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AAU
AAU

Ariana Resources – Cyprus drilling results add to exploration potential, Buy

Ariana Resources (AAU) has announced drilling results obtained from the Kokkinoyia sector of the Magellan project in Cyprus, emphasising “the average grade across the whole length of the mineralised zone in this first hole demonstrates economically significant levels of copper and gold accumulation”. This is particularly good news as the current Kokkinoyia JORC Resource Estimate is just for copper – c.5Mt at 0.7% Cu for 36,000t Cu (‘Inferred’).

GoldfishShark

Video: is it worth betting on deflation?

Precious metals analyst Jonathan Mergott considers that since everyone is betting on inflation making a big time comeback perhaps the contrarian trade is where to be.

AAU
AAU

Ariana – More Drilling Results, This Time From Cyprus

Yesterday saw more good news from AIM-listed Gold-producer in Turkey Ariana Resources (AAU) in the form of another round of drilling results, this time from Cyprus.

AAU
AAU
PREMIUM CONTENT

Ariana Resources – positive drilling & capital reduction progress, Buy...

Ariana Resources (AAU) has announced completion of capital reduction proceedings and “excellent Kepez North drilling results”. What’s the detail and import?…

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Gold
PREMIUM CONTENT

Keeping the Faith at the Montana Log-Cabin as Gold Edges Higher

Gold edged higher again this week to $1788 from $1782 a week ago. It is not much of a move, but following the beating in the wake of the Fed’s threat to raise interest rates in two years’ time that is now two positive weeks, which is good (for gold bulls). There are plenty of reasons for optimism that Gold will head a good deal higher a few months out, but I am keeping the faith that we will again see $2000 Gold by year-end and this is why.

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BMV
BMV
PREMIUM CONTENT

Bluebird Merchant Ventures – agreement to acquire remaining 50% of South Korea projects (at last!)

After what even the company admits has been a “lengthy” process (just a bit!), Bluebird Merchant Ventures (BMV) is “delighted that at a pre-deal market capitalization of £13 million the company has just doubled the assets of the business for a cost of approximately £7 million”. Is it right to be delighted?

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BMV
BMV

Align’s disgraced Dr Green halves his target price but reckons Bluebird shares could quadruple

The journalist-smearing, Sefton fraud-enabling PR man turned analyst and all-round tosser Dr Michael Green has updated the world with his take on Bluebird Merchant Ventures (BMV) after yesterday’s news.  While his initial coverage was patently ludicrous with a target of 34.79p which I rubbished HERE, the latest note is less bonkers with a target of 16.72p. That is about twice my own target for Christmas, as I explained HERE, but here is the note from the disgraced Green. 

AAU
AAU
PREMIUM CONTENT

Ariana: Completion of Court Proceedings - Time to Wield the Cheque Book as More Drilling Results Land

AIM-listed gold-producer in Turkey, Ariana Resources (AAU), has announced the completion of court proceedings in relation to its capital reorganisation which now allows it to pay dividends and buy back its own shares. This has been a very long time coming and we are finally there – hooray!

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AAU
AAU
PREMIUM CONTENT

Ariana Resources – results delay but positive operational news, Buy

Ariana Resources (AAU) has announced that its annual report is now expected next month “due to delays experienced as a result of continuing restrictions on travel to and within Turkey”, but that it is also now pleased to update the market on its operations…

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POW
POW
PREMIUM CONTENT

Power Metal Resources – further precious and base metals exploration, Buy

Power Metal Resources (POW“is pleased to announce the execution of an agreement to acquire two exploration properties in Nevada USA and results from further geochemical soil sampling and geological mapping on the Morula target at the South Ghanzi project in the Kalahari Copper Belt, Botswana. What’s the detail and potential import?…

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Gold

Video: Current Monetary System makes Gold even safer

The author of the annual “In Gold we Trust” report Ronald-Peter Stöeferle has titled this year’s dossier “Monetary Climate Change” and the reports cover shows the Statue of Liberty drowning in debt. Ronald is trying to show the lack of sustainability of the US monetary system.

Gold
PREMIUM CONTENT

The View from the Montana Log-Cabin as Gold Improves a little

Gold finished the week at $1782, having finished last week at $1764 – a modest improvement, but still a long way off $1900 which it was trying to clear before the Fed dropped the bombshell that it saw two rate rises…not this year, not next year, but in 2023!

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Bear

Video: Central Banks Running Biggest Ponzi Scheme in History says Quoth The Raven

Chris Irons, host of the Quoth The Raven, is an outspoken and entertaining fellow who is pretty much bang on the money most of the time. His core thesis is that modern financial systems are essentially nefarious schemes that benefit politicians and the wealthy.

AAU
AAU
PREMIUM CONTENT

Ariana – Excuses For Late Accounts but Timetable for Dividend Pay-out Looks Set

AIM-listed gold and silver producer in Turkey, Ariana Resources (AAU), offered up its excuses for the late publication of its FY20 accounts (now expected in July) due to Covid restrictions. We’ve all got excuses……but the announcement suggests that the long-awaited special dividend is likely to arrive in August. I can’t wait!

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AAU
AAU

Ariana – more very positive drilling results

AIM-listed Gold and Silver producer in Turkey, Ariana Resources (AAU) has announced another strong set of drilling results, this time from its supposedly lower grade Derya pit.

EEE
EEE
PREMIUM CONTENT

Empire Metals – Central Menzies project update, now multiple potential catalysts

Having agreed to spend Australian$0.5 million on exploration at the Central Menzies gold project within a 9-month option period, Empire Metals (EEE) has announced the commencement of exploration activities covering the four exploration licences – a potential catalyst for a share price re-rate from a current £8.8 million market capitalisation.

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Gold
PREMIUM CONTENT

The View From the Montana Log-Cabin as Gold Plunges on “Hawkish” Fed

Crash! Having had a fair old go at clearing $1900 Gold went into reverse this week to close at $1764 – down a whopping $114 from last week. Apparently Jerome Powell, head of the US Federal Reserve, has suddenly become a hawk……having told us he would ignore inflation data for the rest of this year, that unemployment is his biggest concern and that he wasn’t even thinking about thinking about tapering QE (which, we are told, would come before raising rates), now we are told to expect maybe two rate hikes in 2023. And that was enough to send precious metals into a tail-spin.

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Collapsing-Reactor

Video: Bubbles Too Big to Fail Will Transfer into Inflation

Bankster and author Diego Parrilla defines a bubble and how misconceptions can distort reality at extreme values, either high or low. Every bubble has an anti-bubble.

Beggar

Video: Inflation – Redefining Robbery

Nick Giambruno is Chief Analyst of The Casey Report and warns that the thief in the night is now out of control.  Nick differentiates money from fiat currency and where investors should hold their wealth in times of crisis. He argues that Bitcoin is a good alternative and is not unlike gold. Digital scarcity is a new invention, and the real revolution is in bitcoin, not other digital currencies. Bitcoin is unique because it isn’t controlled by banks or corporations and works as a form of digital gold. He believes bitcoin is in the process of monetization around the world.

Gold
PREMIUM CONTENT

The View From the Montana Log-Cabin as Gold fails again at $1900

Last week Gold had broken its upward trajectory, closing at $1892. This week it tried again to get through $1900 but closed the week at $1878 and Silver again struggled with $28, closing the week just under that level. So was it a bad week? Well, no.

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GoldfishShark

Paper gold will soon not be worth the paper it’s printed on

The only gold that really counts is real gold!

Kefi Gold & Copper – a victory for investors as executive bonus plan ‘modified’

Writing on Kefi Gold & Copper (KEFI) earlier this week, we noted “pleased to announce” results but unacceptable boardroom greed. There is now a “Modification to Executive Bonus Plan” announcement which is a vicyory for Tom Winnifrith and great news for shareholders.

GoldfishShark

Video: Equity Valuations have Never Been Higher

Money manager Ted Oakley says US job numbers may appear to be improving but it’s hard to measure real employment numbers accurately. The jobs and family act need to be passed so that society at large obtain some return on that money. America needs to stop paying people to stay home. So a fake economy has been created meaning valuations of all asset classes are way beyond stretched.

Gold
PREMIUM CONTENT

Given the lack of choice of silver miners listed non the FTSE, I would look to GoGold, in Toronto, and its strong growth prospects - buy

Whilst I mostly stick to trading and investing in companies that are listed in the UK, in recent times I have started to look elsewhere for potential precious metal producers which look interesting.

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Gold

The View from the Montana Log-Cabin as Gold stalls

Gold finished this week at $1892, down a tad from last week’s $1904, so the week-on-week uptrend that has been going on for a while seems to have stalled. Data again suggested inflation is in the system and whilst the market reacted positively to Friday’s jobs data in the US, the number came in short of expectations again.

Gold

Video: 1:1 Dow to Gold Ratio – $25,000 Gold Coming

Pierre Lassonde is the Co-Founder of Franco Nevada and formerly was President of Newmont Mining so knows his onions but is also talking his own book big time. With that caveat, he starts by discussing how a weak dollar and a low-interest-rate environment are good for gold. Real interest rates have to remain low or the debt can’t be repaid. Effectively today, we have negative interest rates, and that is always good for gold he argues.

Bitcoin
PREMIUM CONTENT

Crypto is Tulip 2.0!

I am a crypto bear but am aware that some readers think I am a silly old dinosaur and disagree. They might be at least half right! If only to stimulate debate i bring you a detailed note from Fox Davies which appears to be a fellow member of the old dinosaur club.

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Gold

Basel III and gold - Central bankers locking the fire exits

To a man with a hammer, everything looks like a nail, said Mark Twain. So it is that pundits have interpreted forthcoming Basel III rules as simply an opportunity to bash bullion banks and to assert that gold prices are going to the moon. Again … yawn. 

AAU
AAU

Ariana – Eastern Europe News: BUY

AIM-listed Gold producer in Turkey Ariana Resources (AAU) has updated the market on plans in Eastern Europe this morning. The company is to take a 75% in Western Tethyan Resources, and has committed to spending at least EUR 100,000 on exploration during the rest of 2021.

CEY
CEY

Centamin – “pleased to announce” West African exploration portfolio review results, Buy

Centamin (CEY) says that it is “pleased to announce” the results of a review of its West African exploration portfolio. Companies always say they are pleased to announce – should Centamin be pleased? The shares are down on the RNS.

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Panther Metals – New Gold Target in Australia

My second buy tip for 2021, a speculative play on Standard-listed Panther Metals (PALM) has had a good fortnight as first a series of TR-1s showed some buying by larger holders including CEO Darren Hazelwood and then on Thursday a new Gold target was announced at the Merolia project in Western Australia, following an auger drill geochemistry programme.

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PXC
PXC
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Phoenix Copper is targeting production next year at its Empire mine - speculative buy

Copper is all the rage at the moment, and rightly so as the metal looks likely to remain strong in the coming years, with potential shortages forecast.

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Gold
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The View From the Monatana Log-Cabin as Gold revisits $1900

Apparently $1900 represents massive resistance for Gold in the charting world and a break of that line would be hugely bullish. The good news is that the yellow stuff closed the week – and month – at $1904, so is this the big break I have been waiting for?

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CEY
CEY
PREMIUM CONTENT

Centamin – West African Portfolio Review: BUY

Fully-listed Egyptian Gold-producer Centamin (CEY) updated the market on its West African portfolio of exploration assets yesterday. Broadly speaking, one – Doropo –  is being progressed, a second- ABC – is to undergo further testing and a third – Batie West – looks like being shelved. Since I have largely ignored these assets as I value Centamin as it stands now, I’m not so concerned with shelving assets – but the one which is being progressed looks very interesting and could add significant value.

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AAU
AAU
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Ariana – Time to get the Ouzo on ice

Good news arrived this morning from AIM-listed Ariana Resources (AAU), the Gold (and Silver) producer in Turkey, as the dates for the Court hearings to reorganise Ariana’s share capital to allow the payment of dividends have come through. Hooray!

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Gold

Video: Stealthiest Bull Market Ever for Gold

Russell Starr is President and CEO of Trillium Gold so is talking his own book. But he talks a lot of sense. He explains how we are in the stealthiest gold bull market because most investors are overlooking it. This lack of interest has created enormous opportunities for investors. Inflation is likely to drive generalist investors back. Just consider housing prices and compare them with the official CPI numbers. The value of everything is being destroyed, and investors will soon realize that they should put money into gold.

Gold
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The View from the Montana Log-Cabin as Gold threatens to the upside earlier than expected

Gold has had another good week, closing at $1880 – up from $1831 a week ago. ShareProphets’ favourite technical analyst, Jordan Roy-Byrne of TheDailyGold.com had been targeting up to $1850 as a point of overhead resistance and it seems that the line has been crossed – seemingly quite easily.

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Crash

Video: Hyperinflation Risk is Higher Now Than Ever - we live in the "dumbest bubble in history"

Professor David Collum of Cornell University is an expert on inflation. David starts with the observation that actual wealth creation involves making life better, and the 1870s to 1940s are a good example. Since the 1940s, wealth creation has become much more gradual. GDP today does not consider inflation or planned obsolescence from cheap consumer goods.

Collapsing-Reactor

Video: Measuring the move to $2900 gold as equities look set to crash

Equity strategist Gareth Soloway is as bullish on gold as he is bearish on equities, He claims one should balance news with chart technicals. I guess he is half right. Gareth says that you want to be aware of new economic data even though his focus is primarily on the charts. 

Gold
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Gold Breaks Above $1850 – how high can it go?

I’m feeling a little smug following my call last week that the bull-market everything bubble was rolling over and Gold was the place to be, especially vis Bitcoin and technology stocks. Of course, there is plenty that can bite me on the backside so I won’t get too smug – not yet, anyway – but with Gold now trading above $1875, having plumbed the depths of the $1600’s twice in March, the question is what now? Should we be piling everything into the yellow metal ASAP?

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AAU
AAU

Ariana – More Drilling Results bode well for Kiziltepe

AIM-listed Gold-producer in Turkey Ariana Resources (AAU) has updated the market this morning with another round of drilling results, this time from the Banu area of the Kiziltepe mine which lies to the south-west of Arzu South.

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BREAKING: Kefi – New Update from Ethiopia

As first reported here on Sunday, there seems to be a certain amount of argy bargy in Ethiopia which some have taken to threaten the Tulu Kapi mine owned by Kefi Gold & Copper (KEFI).  Yesterday, Kefi said that it had received no letter indicating the mine was under threat but overnight a statement appeared on the website of the ministry of mining.

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Bitcoin

Video: Fiat is Dead – Trade it for Real Value

Investor Rafi Zarber is a libertarian and an Austrian school economist so clearly can do no wrong at all in my eyes. He recently penned an article on money as a gold substitute where he defines the meaning of sound and hard monies. Money needs to be predictable in what it measures and have a predictable supply. Debt substitutes and paper promises become problematic over time, and the entire system becomes unbalanced. These imbalances cause price and supply disruptions across sectors, including commodities like mining.

Gold
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The View from the Monatana Log-Cabin as Gold edges further ahead

Last week I noted that the calamitous latest US jobs data had helped the yellow metal over the $1800 mark and Gold reached $1831 as the magnitude of the miss sank in. Jordan Roy-Byrne, of TheDailyGold.com had been predicting a rise to between $1825-1850 before hitting overhead resistance and this week saw inflation data pushing ever higher which was taken as a cue to sell off.

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AltynGold – “pleased to announce” Q1 update, we can understand why: BUY

Kazakhstan gold miner AltynGold (ALTN“is pleased to announce its 1Q21 production results and financial update”, and the shares have currently responded approaching 10% higher to 172.5p. So what’s the news?

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Collapsing-Reactor
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BIG CALL: Gold – Are Markets at a turning point as Bitcoin and Tech stutters?

ShareProphets’ favourite technical analyst Jordan Roy-Byrne of TheDailyGold.com has long said that he didn’t see the eventual raging bull-market in precious metals he forecasts until Gold outperforms the stock market. In recent weeks, Gold has moved nicely higher and currently sits at $1837 per oz, having plumbed the depths of the $1600s twice in March. One would be forgiven for thinking it is time for the yellow stuff to take a breather, but I just wonder…..

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Panther Metals – Australian listing moves closer as assets get valuation boost

Standard-listed Gold explorer Panther Metals (PALM), under the oversight of Ariana Resources’ (AAU) CEO Kerim Sener in the position of Chairman, has announced that the Australian listing of its Aussie assets has moved a step closer with the completion of a pre-IPO funding round. This is good news – especially if one considers the implied valuation.

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Dominoes

Video: Gold and Silver – Technical Break Outs just Starting

Kevin Wadsworth and Patrick Karim are both chartists so feel free to ignore everything they say.

AAU
AAU
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Ariana – Thinking through the ifs and buts of a sum-of-the-parts valuation

With the price of the yellow metal showing an improvement, having risen by the best part of $150 per oz since the March double bottom to reach $1831 at Friday’s close, the renewed enthusiasm has been reflected generally in gold stocks. And that includes AIM-listed Ariana Resources (AAU) which is now riding high at 5.2p. But my target is 7.5p.

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Gold
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The View from the Montana Log Cabin as Gold Races Ahead…..well, sort of, but I am very bullish for Year-end

After a long period of going nowhere at around $1745 per oz since late February, Gold has pushed higher. Last week it was at $1770, having reached $1777 the previous week. This week the price closed at $1831 and the effect on my portfolio of Gold stocks has been very pleasing. So, as I suggested last week, sell in May would have been a mistake. So what now? Will precious metals continue the ascent in the short term, or might there be good reason to expect a reversal?

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Recently listed Caerus Mineral Resources can make rapid progress following its deal with Jubilee Metals

Around six weeks ago I covered the IPO of a small mining company called Caerus Mineral Resources (CMRS) and noted that it looked interesting for anyone who liked these small, speculative type of plays.

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Gold
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The View From The Montana Log-Cabin as Gold Tries Again for $1800

Gold settled last week at almost exactly $1770 per oz – down a notch from the $1777 it closed at the previous week as the effect of the Federal Reserve’s interest rate decision (unchanged, completely predictable) wore off. And having wobbled as low as $1765 towards the end of the week, was it time to sell in May and go away?

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CEY
CEY
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If you're bullish on gold, then you should consider adding Centamin to your portfolio whilst its shares are so cheap

Centamin (CEY) has always been one of my favourite gold producers, and although I may not be as bullish as fellow ShareProphets writer Nigel Somerville, I still expect the metal to do well over the next few years.

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CGH
CGH

Chaarat Gold – Q1 2021 “operational update”, share price catalysts imminent

Chaarat Gold (CGH) has announced a first quarter 2021 “Operational Update” emphasising it is “very happy with the performance of the Kapan team in delivering higher production”.

AAU
AAU

Ariana – Turkey calls Covid lockdown: Don't panic Corporal Jones!

I was concerned to read yesterday that Turkey has been suffering Covid-19 to the point that a full lockdown has been called. So does that affect AIM-listed Gold producer Ariana Resources (AAU) in any way? After all, a production shutdown would be a serious blow.

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Panther Metals – FY20 Results: still a speculative BUY

Sub-Standard-listed Gold explorer Panther Metals (PALM) has released its FY20 results today. The numbers are largely irrelevant (losses) but the progress has been impressive for a company being run essentially on a shoe-string.

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AAU
AAU
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Ariana – Arzu North Drilling Results: Great Stuff, keep buying!

AIM-listed Gold-miner in Turkey Ariana Resources (AAU) has announced drilling results from the Arzu North area which is currently feeding the producing Kiziltepe mine owned by the three-way joint venture (alongside Proccea and Ozaltin) and the numbers look pretty good.

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Gold

Video: If Gold is a Ship, Silver is a Rocket

As an IT geek turned mining entrepreneur, John Lee of Silver Elephant Mining is talking his own book here.  He argues that everything in life is  probability-based, including gold and silver, and much hinges on the dollar. The dollar has recently broken down, which is great for metals, but if it resumes its uptrend, that would be tamper silver expectations.

Collapsing-Reactor

Video: Gold’s Next Move Up Will be a Quantum Leap

Michael Oliver warns that the charts tell you that equity markets are topping and points out that the large leading stocks are waning in these indexes. This could be a sign of trouble and evidence of a gradual decline into a bear market. He discusses how bonds are usually inverse to equities, and they are watching for a counter-trend rally. If significant funds get nervous, they will move to treasury bonds and gold.

Gold
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Gold – The View from the Montana Log-Cabin as Gold attempts to regain $1800…..but falls short this time

Gold and gold shares continued the recent northward run this past week but hit the buffers as the yellow metal attempted to get over $1800 per oz to close the week at $1777 per oz – back where it started the week. Likewise, Silver ended up almost back where it started too, but did manage to post a very modest gain to close a faction over $26 per oz.

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BMV
BMV
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BREAKING: BlueBird Merchant Ventures – Aussies Southern Gold spill the beans, buy Bluebird (which must issue an RNS!)

Last night, Bluebird Merchant Ventures’ (BMV), pro tem, partner in Korea, Aussies Southern Gold, spilled the beans on how the buyout talks on Kochang and Gubong are going.  I suggest that you should buy Bluebird shares first thing and that Bluebird needs to issue an RNS ASAP.

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CEY
CEY
PREMIUM CONTENT

Centamin Q1 Report: All on Track – BUY

Fully-listed Egyptian gold producer Centamin (CEY) offered up its first quarter report this morning and the big news is that once again the outlook is unchanged. Given the ground movement issues revealed last autumn and the consequent reduction in gold produced and higher costs, it is pleasing to see that the company’s response is thus far working out as planned.

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Crash

Video: Leverage will Create the Largest Global Financial Crisis in History

Asset manager David Hunter does not mince his words. Equities are in a late stage melt up but will then, he predicts, fall by 80% as we go from a global deflationary bust followed by an inflationary recovery cycle. We will see dollar weakness now followed by a big dollar rally during the bust.

AAU
AAU

Ariana – Court Moves (or not….!) but the shares remain a BUY as we still await that Special Dividend

We seem to have been waiting for an eternity for the long-promised special dividend from AIM-listed Ariana Resources (AAU). At first there was due diligence, then Covid and now we are waiting for Ariana’s application to the Court to restructure its capital so as to allow the special dividend to go ahead….which has also been slowed by Covid. The company updated today:

Collapsing-Reactor

Video: The manager of the world's most bearish hedge fund warns we live in the most dangerous time in financial history

Brian Hirschman is the Managing Partner of Hirschmann Partnership, dubbed by  ValueWalk as the “World’s Most Bearish Hedge Fund.”  He warns that all the bubbles have only grown in recent months and that the two biggest bubbles are bitcoin and residential real estate.

China Flag

China’s digital currency has left the testing stage

And where it goes we will follow

GPM
GPM

Golden Prospect Precious Metals – 2020 results from a great share tip, though more to come

Precious metals companies investor Golden Prospect Precious Metals (GPM) has announced 2020 results including emphasising that, with now a higher metal pricing environment, “the precious metal miners… look cheaper on a P/NAV basis than they did pre COVID (explorers only constituting 11.2% of this fund). So, despite a current 48.5p share price comparing to a 27.6p offer price March 2020 share tip, still an opportunity? Of course it is!

MTL
MTL

Metals Exploration – Q1 update, clear risks but also clear opportunity: BUY

Metals Exploration (MTL“is pleased to announce its quarterly results”, so why have the shares responded to trade lower at below 1.5p?

Gold
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Gold: The view from the Montana Log-Cabin as spring finally sets in

It has been a long winter for gold, as an extended correction set in last August. But after a few weeks of going nowhere it seems as though Gold has finally exited the corrective phase and is finally on the up once again. But will it last, or are we headed for more drops?

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AAU
AAU

Ariana – Waiting and waiting….

We are still waiting for news on that long-promised special dividend from AIM-listed Ariana Resources (AAU) resulting from the now completed corporate action under which the company sold off a large share of its Turkish assets to a three-way joint venture (including itself) to leave Ariana with a 23.5% share in the Red Rabbit project, with its gold-producing Kiziltepe plant, and the potentially much larger Salinbas project in Eastern Turkey. So has it all gone wrong? Er…..no.

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Kefi Gold & Copper – very good news from Saudi but the even better news still awaited: be patient: STRONG BUY

Tuesday saw great news from Saudi Arabia from Kefi Gold & Copper (KEFI) but where was that “funding secured” in Q1 news on Tulu Kapi we were all expecting? Er… Wednesday brought a Q1 update and guess what? Yes: funding is not yet secured. To Saudi first…

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Panther Metals – Intriguing Plan to List Australian Assets: BUY to Double!

Standard-Listed Panther Metals (PALM) has announced some details of a plan to list its Australian assets on the Australian Stock Exchange in a deal which will, it is hoped, see AU$5 million raised to fund drilling of the prospects and which, if successful, could lead to a major re-rating. But there is more to this deal than meets the eye. 

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Gold
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Gold: Fed Chair Jerome “Buzz Lightyear” Powell suggests zero interest rates to 2024!

Jerome Powell  - Buzz Lightyear (QE “to infinity, and beyond”) – has been on the telly, ahead of the closed period before the next Fed interest rate meeting. The message from Fed Towers is that inflation will be transitory and that all will be well. But his interview with David Rubenstein on Bloomberg and the implications of what he had to say is a tad worrying.

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IMC
IMC
PREMIUM CONTENT

EXPOSE: Shares in IMC Exploration rocket on RTO News but is it telling the whole tawdry truth?

Shares in long term dog IMC Exploration (IMC)  have soared on news that it is to do an RTO of the company owning the Karaberd gold mine in Armenia. But is what it says in the RNS the whole truth or has it engaged in a deal on an asset originally awarded on a questionable basis and with a company that has screwed local people and welshed on a string of financial commitments?

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