Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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The company has an experienced board, an active advisory board, and a management team with extensive mining development and operations expertise. The company operates transparently and in accordance with international best practices in the areas of sustainability, health and safety, environment, and community relations.
Short Company Bio: Burkina Faso Opportunity:
Altair Resources signed a binding agreement for a 90% ownership and 10% Burkina Faso Government ownership for an open pit, 3 deposit, gold exploration project containing 1,388,120 oz of gold (Historic Estimate) at an average grade of 0.95 g/t (COG @ 0.5 g/t).
The 3 deposits are located in the south west of the country and 35km from Centamin’s Konkera project of 3.1M oz.
The project is located in the safest area of Burkina Faso, a mining friendly jurisdiction.
Altair has commissioned a NI 43-101 Resource Estimate and completion is expected late 2021 or early 2022. This will be followed by a PEA.
387,596 m of drilling & 294,504 core samples completed from 3 deposits.
https://minesandmoney.com/london/company?filter=mining-company&company_slug=altair-resources
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My Thoughts:
"The government of Burkina Faso has begun an audit of the country's mining assets to determine whether some mining contracts need renegotiated and if others are preventing exploitation of resources."
https://www.africaintelligence.com/mining-sector_politics/2021/11/22/ouagadougou-assesses-mining-assets-and-contracts,109706241-art
3 November 2008
11 November 2014
14 November 2018
23 November 2015
30 November 2020
12 December 2019
13 December 2017
13 December 2016
14 December 2007
29 December 2011
31 December 2013
We are just going through a seasonal low. This is when I think the jewellery trade buys it gold stocks, West markets for Christmas, China for its January/Feb New Year. Occasionally as in 2009 and 2010 there was none as the opportunity to buy was attractive in Sept/October.
Every day the only question is 'what are the crooks over the pond going to do to PM prices today?'.
I used to feel anger and frustration, now I laugh - it is so blatant.
Would suggest higher lows, 93,94 95,96 — and highs 105,106
By the law of averages and the knowledge or belief in Martin Horgan the share price will rise into a new range.
Higher lows also attracts more investors.
All this arrived at by sickness caused by missing nearly 10%
Still I’m contented with the exposure to risk.
The rationale makes sense - it was trigger for the drop- I don’t see anything changing so hold as gold should bounce back at some point- selling and will miss out and I don’t need to sell.
CaneToad,
You don't believe the market is manipulated ? Do you think it is normal to dump an entire years mining output of Precious metals in a few minutes ?
Nothing to see here.
The government has extracted more than $1 billion in fines from companies including JPMorgan Chase & Co., Bank of America Corp. and Deutsche Bank AGto resolve liability for market manipulation tied to spoofing. Merrill Lynch paid a $36.5 million fine in 2019 to resolve government investigations into precious metals spoofing.
news bloomberglaw com/white-collar-and-criminal-law/ex-merrill-lynch-gold-traders-found-guilty-in-spoofing-trial
I think the down pressure is because of the option expiration in the USA today.
Well that rise was fairly short lived :-( .
Im wondering if this is an early smackdown due to the thanksgiving holiday on Thursday?
Last week, wasnt someone on here predicting $1900 by the end of this week? I hope they are right!
Oh well, lets hope for a couple of good updates from Centamin in December and a rising gold price as well.
@SteveJones999: "Nuts day on PMs - bullionvault has an explanation"
I would not take anything from Bullionvault too seriously ... they're not market neutral. They're a gold dealer...
I also do not believe the market manipulation theory. Nothing that I've read can prove that it happens; several large studies have been done to try and detect it and they never found anything.
I think it's simply a matter of supply and demand.
I still think/hope/pray that gold will rise over the coming months, especially if US inflation ticks uyp again on Powel's watch (the rest of the world is irrelevant?).
SteveJones999,
Re the bullionvault article, she does suggest that the reason gold dropped was because it dropped below $1835 support, its a bit chicken and egg and I think it more likely the manipulators used the Powell news to dump a massive amount of paper gold on the market as they often do. Also no mention of the net long positioning in gold which has been going on for weeks. I suspect the this latest Gold dip will be bought quite aggressively.
Hi Gnome,
The central bankers are helping the politicians keep fooling the public to just how unfit for purpose the present political and monetary and market systems are systems are!
In the UK evil clown Johnson and his odious cabinet have gone back on just about every pre election promise using the pandemic as an excuse for the Tories decade of under staffed and funded NHS, the ditching for one year of the state pension triple lock (setting a precedent for the future) and the failing of Brexit (despite Boris' oven ready deal!
Today the stinkers announced that after their overhaul of the social care system yje majority of people wouldn't be any better off, but no worse off!
Cops 26 achieved nothing apart from a "Jolly " for the political elite's wasting even more public money !
Unbelievable that anyone could vote for our present government!
@Gnome - that's an interesting idea.
You could do this with a digital form of money, that automatically had a 'half-life' that got automatically reset each time it changes hands. The rate of devaluation could also be adjusted by the central bank in times of crisis, to make it more attractive for citizens to spend more quickly... as an alternative to printing more.
A more attractive alternative would be for the money to become more valuable over time (in essence, a form of interest), which would be increased at times when the central bank think there's too much speculation...
In essence, it would allow a central bank to directly control the velocity of money.
I think after Blackrock do their initial due diligence the stock is added to central software and purchased or sold according to price fluctuations automatically and without human intervention.
Just my opinion.
European stocks were lower in premarket trading on Tuesday as concerns about the spread of COVID-19 on the continent continued to affect sentiment. Investors also digested United States President Joe Biden's decision to nominate Jerome Powell for a second term as the Federal Reserve chair and awaited PMI data from the Eurozone and the United Kingdom.
The FTSE 100 declined 0.26%, the DAX fell 0.42% and the CAC 40 was down 0.35% at 7:00 am CET.
The euro and the pound both traded flat against the dollar, going for 1.12368 and 1.33882, respectively, at 7:11 am CET.
Breaking the News / NP
In the nineteenth century, an entrepreneur got caught up in a financial crash in Argentina, and is now being talked about by the Federal Reserve? Sound a bit on the edge.?
Silvio Gesell in 1895
Wikimedia Commons
Silvio Gesell hated money. A German entrepreneur who moved to Argentina for business in the late 19th century, he witnessed a massive financial crash in 1890 that convinced him that money was behind the world's economic problems: poverty, inequality, unemployment, stagnation.
The problem, Gesell believed, was that money served two roles that often came into conflict: It was a way for people to store wealth, and it was the thing everybody needed to conduct business. The fact that money could store wealth meant its holders had a reason to cling to it, especially in crises like the one he saw in Argentina, when opportunities to safely put that money elsewhere looked grim. It was a typical story. When people got scared, they hoarded cash and brought business to a standstill. It led, Gesell said, to a situation of "poverty amid plenty."
Gesell wanted to create a new kind of money — a money that would "rot like potatoes" and "rust like iron" so no one would want to hoard it, a money that was "an instrument of exchange and nothing else." And the crazy part is that he did create it. Through a series of pamphlets, articles and books, Gesell inspired a worldwide movement that introduced a completely new form of money. It's one of the most fascinating, and largely forgotten, stories in economic history.
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But after 70 years of obscurity, Gesell is making a comeback. All of a sudden, this obscure radical from another age has his name and ideas popping up in unlikely places — like speeches of leaders at the U.S. Federal Reserve, research papers of the International Monetary Fund and the pages of the Financial Times. As the industrialized world grapples with stagnation and as markets signal another recession, policymakers are struggling to figure out what to do. Could Gesell provide an answer?
https://www.npr.org/sections/money/2019/08/27/754323652/the-strange-unduly-neglected-prophet
My personal take: The central bankers Know not what they do ... and money will be for exchange and buying assets, and the quicker one gets rid of the money and gets a real asset, the richer they will become
best
the Gnome
Episode .53 Live from the Vault 19 Nov 2021
00:00 Start
01:40 The last two weeks in gold and silver
09:00 Short-term volatility explained
11:00 COT Report unpacked
13:10 Gold rising with the dollar!
15:23 Options Expiry sweet spot for gold
17:08 When will the paper market game end?
19:03 The path to a gold market reevaluation
https://www.youtube.com/watch?v=LJou4yU4JVs&t=0s
If you are a long term investor not open to selling why post so frequently why not sit back and wait . Over the years I have seen all shades on here
@Kando: "And what happens when Bitcoin dumps (again)?"
It's simple. If BTC crashes, so will all the bitcoin miners, in exactly the same way as gold miners do when gold dumps. All miners behave more-or-less like a call option on the underlying, give-or-take. Some weeks back I remember one person saying how foolish I was to have 15% of my portfolio in crypto. I currently have 1%. I wish I only had 1% in gold miners.
Unless the fundamentals of CEY were to seriously change, there is no chance I will sell CEY. Long-term, I still think that gold *might* shine. Let's see.
That article https://www.bullionvault.com/gold-news/inflation-gold-112220211
Nut days as you say
Well done Altus Strategies - could you please send a memo to Centamin PLC board of directors saying 'this is how you diversify, de-risk, deliver shareholder value and GROW. Thank you! James Rutherford Martin Horgan Ross Jerrard Sally Eyre Mark Bankes Marna Cloete Catharine Farrow Hennie Faul
https://www.linkedin.com/feed/update/urn:li:activity:6868530408833720320?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6868530408833720320%2C6868592258560638977%29
Nuts day on PMs - bullionvault has an explanation , best I could find. Am not selling as seems nuts over reaction to me
Good post Kando.
IMHO it's a knee jerk sell off off the back of the US news. The world economy could take years to recover from where we are now.
I'm in as of today. A defensive play for the next few months at the very least.
GLA
"Anybody here still bullish on gold? My feeling is that BTC has taken most of the investors. Only ones left are central banks and they move at the pace of a snail."
And what happens when Bitcoin dumps (again)?
My humble opinion is that gold is at the start of a stupendous rally much like the one from late 2008 to mid 2011.
High inflation becoming persistent, stagnating growth concerns, and central banks left with just words and threats but no intention of meaningfully raising rates - because to do so would bring governments and economies down with ballooning debt servicing costs. They have to stomach high inflation because it's the lesser of all other evils, and thus a situation in which gold will surely thrive.
Of the two yes Powell pehaps is considered the hawk. There was an increase in long gold positioning on the CFTC last week from 250k to 259k perhaps this was in anticipation of a new Fed Chair in which case we could have seen $1900 POG today. If these extra longs liquidated it would explain the sudden gold price drop. Still looking for $1930s next for POG