Month: January 2021

You Can Carry Foldable Gold in Your Wallet Again

EAGLE, IDAHO – Money Metals announces an exciting new alternative to wealth-destroying Federal Reserve Notes that could be very useful to you in any number of bad scenarios –

You can now own a medium of exchange using .9999 pure gold – in several convenient denominations.

Having become a fully fiat currency, today’s U.S. Dollar whittles away your assets via slow drip.

Congress and the Fed create vast numbers of new currency units on a whim, devaluing the dollar-denominated assets you earned, saved, invested, and are counting on to meet your present and future needs.

INTRODUCING THE GOLDBACK – A Unique New Way to Own Spendable Physical Gold

The American-made Goldback is the world’s first spendable, interchangeable, small denomination, physical gold bullion.

Each individual Goldback contains actual gold embedded in a beautiful bill-sized form. It’s true sound money!

Like gold and silver coins, bars, and rounds, holding a portion of your cash in Goldbacks can offer you a measure of safety and security against inflation and dollar destruction, the preferred tools of politicians who find printing money far more lucrative and easier to get away with than formally raising taxes.

To be clear, though, holding Goldbacks is an inefficient way to get gold price exposure — or to accumulate large amounts of bullion.

Instead, the Goldback represents a tangible, hold-in-your-hand means of engaging in small transactions with others, making payments that, in-and-of themselves, represent real value.

The Goldback cannot be devalued by politicians or the Federal Reserve – in fact, their utterly predictable, dollar-destroying actions are only likely to increase the value of every Goldback you purchase today.

Money Metals now offers a complete selection of these stunningly beautiful, privately issued bullion units in the full range of denominations made.

The math is simple: 1,000 Goldbacks — no matter what combination of Goldback sizes you are using — contain exactly one ounce of .9999 gold. Examples:

• 1,000 Goldback Ones = 1 oz. of gold
• 200 Goldback Fives = 1 oz. of gold
• 20 Goldback Fifties = 1 oz. of gold

Please act quickly if you want to pick up some Goldbacks for yourself or others. High demand and limited supplies require us to place strict limits on order sizes.

But even with our order size limits, you can still order a robust starter stack and begin the conversion of some of your cash to genuine American Goldbacks.

It’s important we make sure you know that the premiums over the spot price are substantially higher than those on bullion coins, bars, and rounds – which means the Goldback is not an efficient way to accumulate larger amounts of gold. But it has a role to play in your overall mix of gold and silver.

See more details and place your order at Money Metals — or call 1-800-800-1865!

Bottom line: You can hold all of your cash in Federal Reserve Notes backed by nothing but “the full faith and credit of the United States of America” (currently $27 trillion in debt), or you can switch some of your cash to Nevada or Utah Goldbacks with .9999 pure gold permanently embedded into each unit.

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.

In this special year-end Market Wrap, we’ll take a look back at the year that was in precious metals… and look ahead to what might take shape in 2021.

Well, it’s been a year like no other in so many ways. “Unprecedented” is an often-overused term. But there truly is no precedent for much of what transpired in public health, politics, the monetary system, the economy, and markets.

More than 300,000 Americans reportedly lost their lives while infected with COVID-19. Less widely publicized was a spike in deaths of despair due to lockdowns and related social ills that drove all too many into depression and drug addiction. Or the deaths that were caused, or will be caused, by Americans putting off or avoiding doctor’s visits.

America’s cities burned while the mainstream media egged on anti-police protests. In their aftermath, record surges in murders and other violent crimes followed across the country.

And irreplaceable historical monuments, some of which had stood for more than a century, came down one after the other. First, they came for Robert E. Lee, then they came for Francis Scott Key, Christopher Columbus, Thomas Jefferson, and even Abraham Lincoln.

Amid all the suffering and turmoil, Wall Street celebrated new record highs in stocks. An unprecedented tsunami of liquidity generated by the Federal Reserve pushed asset prices higher across the board.

In late July, gold ascended to new all-time highs in nominal terms. Even the Wall Street-centric financial media had to stand up and take note:

Financial News Anchor #1: Gold is shining once again, this morning. The spot price is touching all-time highs, as the dollar index sits around a two-year low.

Financial News Anchor #2: Gold prices have hit an all-time high. The spot price of gold reaching a record.

Gold traditionally surges in times of turmoil. In this case, the economic impact of the pandemic, and those US/China tensions. They are sending investors to this safe haven. But the Federal Reserve’s monetary easing measures, they also have a part to play in the price of gold.

Gold prices lost momentum in the fall as rising equity markets stunted safe-haven buying. But the monetary metal still finished 2020 with strong gains – outperforming the S&P 500 for the year overall.

As of this Thursday, December 31st recording at the market close, gold ends 2020 at $1,901 per ounce. That’s a record high close for a calendar year and comes on the heels of a 25% annual gain.

Turning to silver, the market experienced an even wilder ride than gold in 2020.

Silver got historically oversold versus gold in March at the height of the COVID panic. The gold to silver ratio spiked to an historical extreme of 130:1.

At that time silver prices plunged briefly below $12 an ounce. Bargain hunters flooded into the bullion market, clearing out dealer inventories and driving premiums markedly higher.

Spot prices soon followed suit. Silver embarked on an epic rally that took prices all the way up near the $30 level in early August.

The white metal is finishing out the year at $26.50 an ounce to record a yearly advance of over 45%.

Platinum currently comes in at $1,078 and is higher by about 10% in 2020. Since November, platinum has begun showing leadership and closes out the year near its high for the year. That momentum may signal platinum will be an outperformer in 2021.

Its sister metal palladium put in its high for the year – an all-time high of $2,700 – before the March crash. It currently comes in at $2,465 per ounce and is up almost 30% for 2020.

Looking ahead to 2021, the monetary macro backdrop and fundamental drivers for precious metals are likely to remain favorable.

The Fed has effectively taken a rate hike off the table for 2021 and beyond. It has no plans to curtail its $120 billion in monthly asset purchases.

And the federal budget deficit will continue to skyrocket under the next administration – perhaps to $4 trillion per year.

Uncertainties remain and investors should be prepared for anything. We still don’t know how exactly the globalist Great Reset will play out.

Part of the agenda, though, is a reimagining of monetary policy to include globally coordinated central bank action on climate change and social justice – whatever that’s supposed to mean.

The Fed may begin more formally embarking on Modern Monetary Theory — or print-on-demand financing for government.

It has already announced it will no longer pursue price stability as it used to be understood. Instead, central bankers will allow prices to run above their 2% target for an undefined period before they even think about tightening.

As the virus fades later in the year, inflation risks might come into focus. Of course, at the core of any inflation protection strategy is physical gold and silver.

Silver could also benefit from rising industrial demand as the economy improves and officials push more aggressively for “green” energy.

Solar power and battery technologies are experiencing explosive growth, and with that growth comes a need for lots more silver. In fact, solar panels are one of the fastest growing sources of silver demand.

Some analysts expect to see widening supply deficits for silver and platinum in 2021 as the battered mining industry struggles to increase production.

A new nominal high in silver could be in the cards for 2021. And the gold price could begin to trade sustainably above $2,000 an ounce. That could happen quickly if it gets off to a good start to the year.

We will get some clues as to how the New Year will treat precious metals and other asset classes when markets open next Monday.

Well, that will do it for this week. Be sure to check back next week for our first Weekly Market Wrap Podcast of 2021. Until then this has been Mike Gleason with Money Metals Exchange, thanks for listening and Happy New Year everybody.

Source: Matt Badiali for Streetwise Reports   12/30/2020

Independent financial analyst Matt Badiali delves into U.S. Gold’s recent drill results at the CK Gold Deposit in Wyoming.

U.S. Gold Corp. (USAU:NASDAQ) just gave shareholders a holiday surprise.

The company’s geologists and engineers needed more information about the CK Gold Deposit. Specifically, for the metallurgy. That way, the company could plan, in detail, how to get the gold and copper out of the ore. As this isn’t a new project, most analysts weren’t looking too hard at the project or the company.

Imagine our surprise when the company reported much higher-grade material, over much longer lengths than previously reported.

This is a surprise because CK Gold is a brownfields deposit. It hosted a working mine from 1881 to 1910. That mine was high grade—about 3 grams per ton (g/t) gold, 53.9 g/t silver and 4% copper. However, the larger deposit was much lower grade.

As I said, in my November 2020 essay, CK Gold had some economic tailwinds. That’s why U.S. Gold President and CEO George Bee liked it in the first place.

The resource sits at the surface, so the first shovel full of rock moved will go straight to the mill. And surface samples collected by U.S. Gold field work showed glimpses of high grade. The company issued a press release on November 5, 2020, that showed seven surface samples in excess of 5 g/t gold. Three of them were over 10 g/t. And the copper grades went as high as 2.3%.

But surface samples don’t trump drill results. And the resource laid out in the Preliminary Economic Assessment was just 0.5 g/t on average.

But some of the historical drill results showed promise, as I wrote in the past:

Several of the holes held long intercepts of solid gold and copper grades. ASARCO’s A2 hole held 92 meters of 2.71 g/t gold and 0.51% copper. Compass Minerals’ CCK1 hold hit 110 meters of 4.21 g/t gold and 0.58% copper.

Those are excellent intersections. What they show us, as investors, is that there is an economic engine to drive this project. In addition, there must be more exploration. Nearly all (80%) of the drill holes ended in mineralization.

That’s why these new drill results are so exciting. They confirm the presence of higher-grade material in the heart of the deposit. Here’s a quick summary:

Drill Hole	From (m)	To (m)	Length (m)	Gold Grade	Silver Grade	Copper %
CK20-01c	1.1	30.5	29.4	1.5 g/t	1.7 g/t	0.35%
CK20-01c	30.5	151.2	116.8	0.5 g/t	1.4 g/t	0.19%
CK20-01c	151.2	182.9	31.3	1.3 g/t	1.2 g/t	0.25%
CK20-02c	0.5	145.7	141.5	0.8 g/t	1.5 g/t	0.22%
CK20-02c	145.7	182.9	35.3	0.4 g/t	0.6 g/t	0.11%
CK20-03c	Assays Pending
CK20-04cA*	0.3	29.6	29.2	3.7 g/t	5.2 g/t	0.96%
CK20-04cB	0.8	79.9	78.3	4.5 g/t	3.6 g/t	0.88%
CK20-04cB	79.9	109.7	29.8	0.5 g/t	0.7 g/t	0.14%
CK20-04cB	109.7	214.9	104.5	1.1 g/t	1.0 g/t	0.26%
CK20-04cB	214.9	244.1	29.3	0.4 g/t	0.5 g/t	0.10%
Data from Company Press Release; Intervals with no recovery excluded; *hole lost at 29.2 meters.

These drill results are interesting, but they need more context. We can view these results in the deposit in 3-D here.

What I take away from these results is that U.S. Gold needs to do more exploration drilling. There appears to be good potential to upgrade the existing resource’s average grade. And I’m curious to see if there will be a viable silver credit, once they complete the metallurgical study. Because that will also improve the economics.

The good news is, we will have a chance to hear from management about how these results impact the plan at CK Gold. Executive Chairman Edward Karr will give an update and answer questions. Right now, the company has four webinars scheduled for January 2021. You can find the links to sign up here.

You know I’ll be attending. This is a great surprise and I expect to see U.S. Gold continue to bring us good news into the new year.

–Matt Badiali

Matt Badiali is a geologist and independent financial analyst. He spent fifteen years researching and writing about great investments inside the natural resources sectors. He can be reached at www.mattbadiali.net.

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Streetwise Reports Disclosure:
1) Matt Badiali: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: U.S. Gold. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: I am a consultant to U.S. Gold Corp. My company has a financial relationship with the following companies mentioned in this article: None. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned in the article are sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.

4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

( Companies Mentioned: USAU:NASDAQ,
)

Source: Clive Maund for Streetwise Reports   12/30/2020

Technical analyst Clive Maund charts Metallic Minerals and explains why he believes the stock is “now ready to break out to the upside.”

We bought Metallic Minerals Corp. (MMG:TSX.V; MMNGF:OTCMKTS) at a very good entry point two weeks ago, and it is worth bringing it to your attention again here because its technical condition has since continued to improve and also as a worthy destination for funds to be liberated by our profitable sale of Norseman Silver, which has appreciated by some 60% since we bought it two weeks ago.

On its latest 8-month chart we can see that the setup is now strongly bullish, with a completed correction back towards its rising 200-day moving average followed by a rectangular consolidation pattern that has allowed time for the 200-day moving average to catch up and moving averages to swing into bullish alignment. Starting with the high volume bull hammer about two weeks ago which alerted us to buy, we have seen some aggressive buying since that has driven the Accumulation line strongly higher. This is a sign that it is now ready to break out to the upside, and of course we can expect this to synchronize with an advance in the price of silver, which is hardly surprising considering that the dollar is staring into an abyss.

We therefore stay long and Metallic Minerals is rated an immediate strong buy here.

Metallic Minerals website.

Metallic Minerals Corp, MMG.V, MMNGF on OTC, closed at C$0.68, $0.524 on 24th December 20.

Originally posted on CliveMaund.com at 10.15 am EST on 27th November 2020.

Clive Maund has been president of www.clivemaund.com, a successful resource sector website, since its inception in 2003. He has 30 years’ experience in technical analysis and has worked for banks, commodity brokers and stockbrokers in the City of London. He holds a Diploma in Technical Analysis from the UK Society of Technical Analysts.

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Disclosure:
1) Clive Maund: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: None. CliveMaund.com disclosures below. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned in the article are sponsors of Streetwise Reports: Metallic Minerals. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Metallic Minerals and Norsemen Silver, companies mentioned in this article.

Chart provided by the author.

CliveMaund.com Disclosure:
The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr. Maund’s opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund’s opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.

( Companies Mentioned: MMG:TSX.V; MMNGF:OTCMKTS,
)

The year 2020 is coming to a merciful end. As it was with pretty much everything, it was a nutty year for the economy and the precious metals markets. We all hope 2021 will be better, but it seems unlikely that it will be any less nutty. In this special Thursday episode of the Friday […]

The post Blog first appeared on SchiffGold.

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