Gold falls as stocks rise broadly CNBC
Categories
Month: January 2021
Dear Money Metals friend,
On the heels of a truly extraordinary social-media-fueled buying frenzy involving shares of GameStop and AMC Theaters, some attention is turning to physical silver.
Could a short squeeze in silver be coming too?
It’s fairly common knowledge that bullion banks have been perpetually short in the silver futures market, using their concentrated financial power at times to keep a lid on silver prices.
Over the longer term, the ongoing volatility combined with depressed silver prices have undermined silver miners’ profits and production – and above-ground supply has dwindled, even as demand has risen.
It looks like some of the same small-time investors that just punished the short-selling hedge funds who had beaten up GameStop’s stock have turned their attention to the small silver market. Social media platforms are aflutter about breaking the bullion banks by buying physical silver.
To be sure, every ounce of physical silver accumulated by rank-and-file Americans helps reclaim a small bit of control from the bullion banks and other centralized financial powers.
More directly, buying Vault Silver ounces from Money Metals results in the removal of 1,000 oz silver bars from the exchanges.
We don’t know how this grassroots anger directed at short sellers will play out, but we do feel that silver is – and has been – dramatically undervalued. And big moves seem likely… sooner or later.
From the resumption of its role as a financial asset to its new uses in technology, energy, and medicine – silver is a truly remarkable metal.
At Money Metals, we are proud to serve as the top source for buying (or selling) the “poor man’s gold” and other precious metals – so please don’t hesitate to reach out to us with any questions or needs.
Representatives in the Ahola State believe that taxing real money is wrong and they hope to do something about it.
Introduced by Representative Val Okimoto (36-R) and Representative Dale Kobayashi (23-D), House Bill 1184 removes general excise tax on purchases of gold and silver coins and bullion in Hawaii.
Under current law, Hawaii citizens are discouraged from insuring their savings against the devaluation of the dollar because they are penalized with taxation for doing so. Passage of this measure would remove disincentives to holding gold and silver for this purpose. HB 1184 is important for a few reasons:
- Levying taxes on precious metals is inappropriate. Precious metals are inherently held for resale, making the application of taxes on the purchase of precious metals inappropriate.
- Studies have shown that taxing precious metals is an inefficient form of revenue collection. The results of one study involving Michigan show that any tax proceeds a state collects on precious metals are likely surpassed by the state revenue lost from conventions, businesses, and economic activity that are driven out of the state.
- Taxing gold and silver harms in-state businesses. It’s a competitive marketplace, so buyers will take their business online, thereby undermining Hawaii jobs. Levying taxes on precious metals harms in-state businesses.
In total, 39 states have reduced or eliminated taxes on the purchase of monetary metals.
- Taxing precious metals is unfair to certain savers and investors. Gold and silver are held as forms of savings and investment. Hawaii does not tax the purchase of stocks, bonds, ETFs, currencies, and other financial instruments.
- Taxing precious metals is harmful to citizens attempting to protect their assets. Purchasers of precious metals aren’t fat-cat investors. Most who buy precious metals do so in small increments as a way of saving money. Precious metals investors are purchasing precious metals as a way to preserve their wealth against the damages of inflation. Inflation harms the poorest among us, including pensioners, Hawaiians on fixed incomes, wage earners, savers, and more.
This measure is one of many sound money bills being introduced across the country this year. Idaho and Wyoming plan to consider a measure to empower the state treasurer to hold physical gold and silver in state coffers. Bills to remove taxation on sound, constitutional money are also being, or have been, introduced in Alabama, Mississippi, Iowa, South Carolina, Tennessee, and more.
Backed by the Sound Money Defense League, these measures protect Hawaiian citizens by removing barriers to insulating their wealth with the only money proven to protect against the Federal Reserve Note’s ongoing devaluation.
Source: The Critical Investor for Streetwise Reports 01/27/2021
The Critical Investor explains why he believes “investors have an interesting opportunity to invest in a pretty derisked, undervalued and experienced explorer with three chances for success.”
As Golden Arrow Resources Corp. (GRG:TSX.V; GARWF:OTCQB; G6A:FSE) was sidelined for most of last year due to COVID-19, its exploration programs were basically halted. The project that first got underway again was the Tierra Dorada Gold project in Paraguay. The story on this project is a testament to the strong network of Golden Arrow in Latin America. When CEO Joe Grosso talked to officials in Paraguay somewhere in 2019, they told him to take a look at some of their projects, and talk to local geologists. So he did, and these geologists identified numerous projects, ready for staking. In the end, two claim blocks totaling 64k hectares were staked.
Some of the projects weren’t standard, as they consisted of mineralized outcrops on farmland, with cattle grazing on it. According to VP Exploration Brian McEwen, this resulted in fencing their trenches and drill locations, as otherwise the cows might fall into holes that needed to be excavated around outcrops for example.
Commencing in August 2020, the company has completed a shallow diamond drill program and its first induced polarization (IP) geophysical program at this project in December 2020, at a priority target zone called Alvaro.
All properties are road accessible, and with good infrastructure, including power to the projects. The company started working on Alvaro in 2019, and completed extensive sampling and trenching, returning positive results, up to 143 g/t.
San Miguel has seen earlier exploration by among others Yamana, and returned the following highlights from historical drilling: 6.1m @ 1.12 g/t Au from 12m, 3.05m @ 2.87 g/t Au from 20m, 4.57m @ 1.72 g/t Au from 9m, and 3.05m @ 1.35g/t Au from 27.5m. Itayuru and Cerro Pero have seen sampling results up to 7g/t Au.
Golden Arrow Resources was able to start drilling and complete an IP and resistivity survey at Alvaro relatively quickly, as it had the exploration permit in hand, and brought all IP equipment over there from Argentina. The conditions to do so were very strict according to McEwen, only shallow holes were allowed as the company was granted a prospective permit first that meant the maximum depth of drill holes could only be 20 meters.
This came in handy, as extensive soil and vegetation would have made prospecting and trenching more difficult, as it has done before in the recent past (2019). To be more specific, the current prospecting permit in the Alvaro area allows drill holes up to 20 meters in depth. The goal of this first program was to follow and characterize the high-grade mineralized quartz vein structures right below the surface and confirm potential continuity of mineralization in these veins.
The geophysical surveys were designed to detect and delineate veins, hydrothermal alteration, faults and lithologic contacts below the 2 to 6 meters of soil and saprolite cover. As can be seen in the maps above and below, the chargeable highs and magnetic lows have a district scale profile.
The drill program tested four IP survey showings, with 41 drill holes totaling 550 meters. Half the holes returned intercepts greater than 0.5 g/t Au, which is very good for hit ratio. The average core recovery for the entire program was 74%, which is pretty low. According to McEwen, this was caused by the rock being extremely weathered. Highlights of this program were DHTD18 returning 0.5m @143.5g/t Au from 3m, and DHTD35 returning 3.16m @11.8g/t Au from 1.7m.
These shallow holes just scratched the surface of the IP chargeable trends, trends which continue below the 140-meter depth of the survey.
The company is now planning a second, more detailed, drilling program to both test the new geophysical anomalies and to step-out holes around the best intercepts reported in this news release. A minimum of 2,000 meters of drilling is expected to be started by the end of the first quarter of 2021. The company has applied for a full exploration permit to allow deeper drilling. If those permits are in place, holes will have a planned depth of approximately 100 meters. If the permit is delayed for any reason, the company will likely continue with drill shallow holes up to 20 meters.
As Paraguay virtually is unknown for exploration in the mining industry, I asked McEwen why not much exploration took place in this country. According to him it is likely a result of government policy that didn’t support mining, lack of exposure of the geology and investors in the past. But things have changed over there, and Golden Arrow Resources has met with minimum resistance, and more cooperation.
Besides Paraguay, Golden Arrow Resources has projects in Chile and Argentina, and it is looking to JV projects in its portfolio, mostly in the high Andes. These projects are at high altitude, which means slow progress, because of limited field seasons. These projects are typically costly and therefore management aims at the support of large companies. Brian McEwen is talking to major companies and getting a lot of interest, as the projects have strategic locations.
With regards to Chile,Golden Arrow’s Rosales Copper project is situated in the Atacama Region, in a prolific mining region that, besides some of the largest and richest lithium brine deposits globally, also hosts multiple large precious and base metal mines. Large mineral deposit types in the area include iron-oxide copper gold (Candalaria, Mantos Verde), porphyry copper-gold (Inca del Oro), epithermal gold-silver (El Peñon, Guanaco) and Maricunga gold deposits (Cerro Casale-Caspiche, Refugio, Marte, Maricunga).
Based on solid sampling results (up to 5% Cu), the company applied for all of the surrounding concessions that are available. Golden Arrow has just commenced a phase 1 exploration program that includes detailed mapping, sampling and trenching, as well as ground magnetics and IP/resistivity geophysical surveys. For now, mapping and sampling is underway, and the environmental work for the full exploration permit for trenching and drilling has been submitted. McEwen assumes the permit could probably be granted in February, and trenching and geophysics will probably start very soon after this.
Drilling will likely start at the beginning of Q2. According to McEwen, there could be porphyries at depth, but for now they are looking at near surface stockwork concepts, as there are 50–60 meter thick bands of high-grade mineralization, with oxidized copper. They are targeting a minimum of 50 Mt @1%Cu for now, and they are already talking to groups that do processing, which seems to be a household concept in Chile.
The current exploration budget for Rosales is C$150k, and a drilling budget hasn’t been defined yet. Such a first drill program would be RC, according to McEwen, and likely a small program. The drilling costs are reasonable, as they are estimated at C$200/m for diamond drilling.
With regards to the projects in Argentina, Golden Arrow’s Flecha de Oro project is currently the most important one in Argentina, and the company has two other prospective properties in Rio Negro. As a reminder, the following numbers from Flecha de Oro came from trenching so far:
- 24.0 g/t Au over 2m
- 18.0 g/t Au over 0.7m including visible gold
- 13.09 g/t Au over 5m
- 99 g/t Ag and 2.8% Cu over 0.2m
- 129 g/t Ag, 3.5% Cu and 0.2% Bi over 1.2m
The current ongoing exploration program commenced on December 7, 2020, and is focusing on the Puzzle property, where gold mineralization has been identified in a large quartz vein and adjacent quartz stockwork zone within a corridor over 6.5 kilometers in length and more than 150 meters in width. The trenching program is planned to include approximately 18 trenches totaling 2,500 meters, excavated across the vein corridor along 6.2 kilometers of strike length, to delineate targets for a potential 2021 drilling program. Drilling permits have been applied for; according to McEwen this could take 1–2 months to be granted, hopefully not longer, he said. Golden Arrow Resources has completed a ground magnetic survey on its priority Puzzle target, and the planned trenches are indicated on the map below:
The program will likely last until the end of January, and results are expected in February. The plan will then be to move this crew to the La Esperanza target and continue the trenching program there.
With three exploration projects ongoing in three different countries, a lot of news flow can be expected from Golden Arrow Resources. Having a pile of cash in the treasury, the company should be able to complete a lot of drilling, and hopefully they will find something substantial.
The company still has 675k shares of SSR Mining (SSRM.TO); this equity being worth C$14.72 million at the moment (Jan 26, 2020, share price C$21.81), after having sold 570k shares of the original 1,245,580 shares received from SSR Mining as part compensation for the sale of the 25% interest in the Puna operation. Golden Arrow has about C$12 million in cash at the moment, and is fully funded for its 2021 and 2022 exploration programs. Keep in mind the current market cap is C$20.77 million, which is less than the SSR shares and cash (C$26.72 million), and assigning no value to the various projects.
Golden Arrow has been sideranging since the summer of 2020, but recovered from the March 2020 COVID-19 crash, as can be seen here:
Share price GRG.V; 1 year time frame (Source tmxmoney.com)
There are two distinct reasons for this: precious metals prices went up considerably during the summer of last year, and the 10% buy-back program that was initiated in March 2020 probably did its share as well. According to management, the buy-back program has been completed in Q3, and with a new logo and three different exploration programs ongoing, Golden Arrow Resources seems ready to add another successful exploration chapter for the Grosso Group.
Conclusion
It has been all about COVID-19 in 2020, and Golden Arrow Resources is relieved to see the imposed restrictions loosening up in Latin America. Its exploration programs were ramped up again as soon as the regulators allowed it at the end of last year, and fortunately its program in Paraguay could start even earlier, producing nice results with near surface diamond drilling. As management was happy with the outcome, they decided to plan a drill program that goes to a depth of about 100 meters, and submitted the necessary paperwork for the drill permits. These are expected in February/March, and drilling will commence shortly afterwards. The same situation goes for the Puzzle target on its Flecha de Oro gold project in Argentina and on its Rosales copper project in Chile. With the significant treasury, there is no need to go to the markets anytime soon. For a junior that is trading at 78% of its cash value, it seems investors have an interesting opportunity to invest in a pretty derisked, undervalued and experienced explorer with three chances for success.
I hope you will find this article interesting and useful, and will have further interest in my upcoming articles on mining. To never miss a thing, please subscribe to my free newsletter on my website www.criticalinvestor.eu, in order to get an email notice of my new articles soon after they are published.
The Critical Investor is a newsletter and comprehensive junior mining platform, providing analysis, blog and newsfeed and all sorts of information about junior mining. The editor is an avid and critical junior mining stock investor from The Netherlands, with an MSc background in construction/project management. Number cruncher at project economics, looking for high quality companies, mostly growth/turnaround/catalyst-driven to avoid too much dependence/influence of long-term commodity pricing/market sentiments, and often looking for long-term deep value. Getting burned in the past himself at junior mining investments by following overly positive sources that more often than not avoided to mention (hidden) risks or critical flaws, The Critical Investor learned his lesson well, and goes a few steps further ever since, providing a fresh, more in-depth, and critical vision on things, hence the name.
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Disclaimer:
The author is not a registered investment advisor, currently has a long position in this stock, and Golden Arrow Resources is a sponsoring company. All facts are to be checked by the reader. For more information go to www.goldenarrowresources.com and read the company’s profile and official documents on www.sedar.com, also for important risk disclosures. This article is provided for information purposes only, and is not intended to be investment advice of any kind, and all readers are encouraged to do their own due diligence, and talk to their own licensed investment advisors prior to making any investment decisions.
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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.
Charts and graphics provided by the author.
( Companies Mentioned: GRG:TSX.V; GARWF:OTCQB; G6A:FSE,
)
Source: Streetwise Reports 01/27/2021
The StreetSmart Live! Broadcast on Jan. 26, 2021, focused on metals and why now is a good time for investors to be looking at them and the mining space. John Newell, independent analyst and portfolio manager, and John Feneck, mining sector expert and president of Feneck Consulting, addressed the status of the current metals market. CEOs of the three metals-focused companies comprising the Metallic Group of Companies—Group Ten Metals, Metallic Minerals and Granite Creek Copper—discussed their projects.
John Newell kicked off the broadcast by making a technical case, with the use of about 10 charts, for higher metals prices in all categories and a likely run-up in senior and junior precious metals shares.
He showed that inflation is returning, and the strength of the U.S. dollar is trending downward. The Gold Miners Bullish Percent Index has lost 91%. The metals have met all prices on the short-term charts. Both the XAU:gold and the JDXJ:gold ratios are pounding against resistance.
“When you go through that resistance, you get the bang and the hush of no resistance,” Newell said. “That’s really where we’re trying to gather the strength for these stocks to start fundamentally representing themselves in the marketplace.”
Next, John Feneck echoed Newell’s comments, highlighting that “tremendous opportunity” lies in precious metals mining stocks because one can get leverage to the gold or silver price as well as in other metals, including copper (in an uptrend for weeks), nickel (now trading at the one-year high), platinum and palladium.
To take advantage of the impending commodities supercycle, Feneck advised investors to do their homework, research the companies and try to determine which ones will do better than others. Ideal stocks are those facing some pressure, he said, such as perhaps coming out of tax loss selling in late 2020 or having recently undergone a corporate event, like a merger or acquisition. He also encouraged investors to understand what stocks they own and to communicate with investor relations teams or CEOs to learn more about those companies.
Then Greg Johnson briefly explained what the Metallic Group of Companies is and what the common strategy of the companies under its umbrella. Formation of the team of highly experienced and highly successful explorers began in 2016, he said. Today, the group encompasses Metallic Minerals Corp. (MMG:TSX.V; MMNGF:OTCMKTS), of which Greg Johnson is the CEO; Granite Creek Copper Ltd. (GCX:TSX.V; GCXXF:OTC); and Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTCQB; 5D32:FSE).
Their approach is to explore in mature brownfield districts that have potential for scale and grade and existing infrastructure, Johnson said.
“In over four years, we’ve been able to put together four, potentially world-class assets in three companies,” he added. All three companies are close to moving from the discovery to the resource stage.
CEO Tim Johnson discussed his company, Granite Creek Copper, the most recent addition to the Metallic Group, in 2019. To consolidate the southern portion of the high-grade Minto Copper District in the Yukon, the company complemented its Carmacks project with two adjacent acquisitions, first the Stu project and then resource-stage Copper North, both now called Carmacks North.
Investors should look at Granite Creek, Johnson said, because of its high grade, the synergies realized through the addition of Copper North, the probable favorable economics of a mining project and the property’s prospectivity.
The company aims to identify 1 billion pounds of contained copper at its Yukon asset to attract a major player, its long-term goal.
President and CEO Michael Rowley talked about his company, Group Ten Metals, with a CA$16 million market cap. He described 2020 as a “fabulous year” for its Stillwater West project in Montana’s Stillwater District, home of the world’s highest-grade platinum and palladium producing mines, supported by the positive outlook for platinum group metals (PGMs) and gold and the demand for electric vehicles. After acquiring half of the district in 2017, Group Ten proved Stillwater West’s geology is of Platreef style, Rowley said.
The company is now working on a maiden resource estimate, expected in H1/21, for which it is well funded, having $2.5 million in the bank.
“It’s a big system,” he said. “We think we have targets with potential for multimillion-ounce PGM deposits, nickel, copper and cobalt as well.
Moving from the discovery to the resource stage should add value, Rowley said, as it is a critical point of revaluation for any junior.
Feneck pointed out that because Group Ten is known for its palladium, the company does not get credit for the nickel at the project.
“[The stock] is cheap versus peers right now. That’s the opportunity,” he said.
As for Metallic Minerals, Greg Johnson said that in 2020, a big year for silver, the company conducted its biggest exploration program at its Keno Hills project in the Yukon’s Keno Hills District, one of world’s highest-grade producing silver districts.
There, Metallic Minerals identified 12 multikilometer-scale targets in soils and geophysics and started drilling those, results of which are pending. The company is continuing to explore the western part of the district, hoping to find known and new mineralized trends there.
Metallic Minerals also made progress last year at its recently acquired La Plata silver-gold-copper project in Colorado.
Newell closed the broadcast by discussing various charts showing how the three companies and the prices of their metals are doing.
As for copper, it broke out of his eight-year downtrend, is moving up and has nearly hit the $3.80 mark. The metal looks as though it will have a big run-up like the one it had in 2004. Copper’s big picture target is $6.25.
The target for Granite Creek Copper, now at about $0.18–0.20, is $0.36–0.40 on a measured move.
“To me, Granite Copper looks excellent as a junior copper play,” Newell said.
Regarding platinum, having reversed its downward course, is on its way to hitting its first target of $1,200. The second target is $1,470, and its old high resistance is $1,900.
Group Ten Metals met its first target of $0.42. The second target is $0.70 and the third, is $0.95.
Silver is trying to hit the third target of $35. Its old high resistance is $50.
“Silver looks exceptional, especially,” said Newell.
Metallic Minerals already hit its three targets and then some, and now looks as though it is headed to a second series of targets.
Overall, the outlook for all three companies looks good, as they are trending in the right direction.
“The best value in the space is in the junior sector right now,” Newell said. “[Juniors] are cheap historically, and they offer the most upside of the sector if in fact they find joy in the drill bit or expand the resource or are part of a merger or a sum of the parts makes a greater whole. I’m extremely bullish on the junior exploration space, especially ones in good jurisdictions, like Canada as an example, like the United States.”
View the broadcast here:
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Disclosure for Streetwise Reports:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Group Ten Metals, Granite Creek Copper and Metallic Minerals. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
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. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Group Ten Metals, Granite Creek Copper and Metallic Minerals, companies mentioned in this article.
Streetsmart Live! Disclosures:
1. The following companies discussed in this broadcast have paid a fee to participate: The Metallic Group of Companies: Group Ten Metals, Metallic Minerals, Granite Creek Copper.
2. This broadcast does not constitute investment advice. Each viewer is encouraged to consult with his or her individual financial professional and any action a viewer takes as a result of information presented here is his or her own responsibility. This broadcast is not a solicitation for investment. StreetSmart Live does not render general or specific investment advice and the information should not be considered a recommendation to buy or sell any security. StreetSmart Live does not endorse or recommend the business, products, services or securities of any company mentioned here.
3. Statements and opinions expressed are the opinions of the presenters and not of StreetSmart Live or its officers. The presenters are wholly responsible for the validity of the statements. StreetSmart Live requires presenters to disclose any shareholdings in, or economic relationships with, companies that they write about. StreetSmart Live relies upon the authors to accurately provide this information and StreetSmart Live has no means of verifying its accuracy.
4. From time to time, StreetSmart Live and its directors, officers, employees or members of their families, as well as persons interviewed for broadcasts and interviews on the site, may have a long or short position in securities mentioned. As of the date of this broadcast, officers and/or employees of StreetSmart Live (including members of their household) own securities of the following companies discussed in this broadcast: Group Ten Metals, Metallic Minerals, Granite Creek Copper. The Metallic Group of Companies and Group Ten Metals, Metallic Minerals and Granite Creek Copper do not have a consulting relationship with StreetSmart (description available at https://www.streetwisereports.com/disclaimer/html#consulting).
5. Greg Johnson is the chairman and CEO of Metallic Minerals and owns securities of the company.
Tim Johnson is the president and CEO of Granite Creek Copper and owns securities of the company.
Mike Rowley is the president and CEO of Group Ten Metals and owns securities of the company.
6. Disclosures for John Newell, portfolio manager at Fieldhouse Capital and president and CEO of Golden Sky Minerals Corp.:
I, or members of my immediate household or family, own securities of the following companies discussed in the broadcast: none
I personally am, or members of my immediate household or family are, paid by the following companies discussed in the broadcast: none
My company has a financial relationship with the following companies discussed in the broadcast: none
Funds controlled by Fieldhouse Capital hold shares of the following companies discussed in the broadcast: none
7. Disclosures for John Feneck:
I, or members of my immediate household or family, own securities of the following companies discussed in the broadcast: Granite Creek Copper
I personally am, or members of my immediate household or family are, paid by the following companies discussed in the broadcast: Group Ten Metals
My company has a financial relationship with the following companies discussed in the broadcast: I am a consultant to Group Ten Metals
Funds controlled by John Feneck hold shares of the following companies discussed in the broadcast: Granite Creek Copper
8. Disclosures for Cyndi Edwards:
I, or members of my immediate household or family, own securities of the following companies discussed in the broadcast: None
I personally am, or members of my immediate household or family are, paid by the following companies discussed in the broadcast: None
My company has a financial relationship with the following companies discussed in the broadcast: None
( Companies Mentioned: GCX:TSX.V; GCXXF:OTC,
PGE:TSX.V; PGEZF:OTCQB; 5D32:FSE,
MMG:TSX.V; MMNGF:OTCMKTS,
)
Investment demand for gold set a new record in 2020, but it was not enough to offset a big drop in consumer demand due to the COVID-19 pandemic. Gold demand was up substantially in both ETFs, and for gold bars and coins Overall, gold demand fell to 3,759 tons in 2020, according to the Gold […]
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The post Blog first appeared on SchiffGold.
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