the safe bet is that they’re lying. Never trust a China man investor or properties. Been there and burned. Total liars
Chinese Gold Miner Claims Discovery Of Largest Ever Gold Mine
Shandong Gold Group, China’s second biggest gold producer by output, announced on Tuesday that it has discovered deposits in eastern China containing an estimated 380 tons of gold reserves, which would represent the nation’s largest ever gold deposit.
Maya @ 15:07
Good job! 🙂
Now … can I borrow a chisel?
Maddog @ 15:26
I’m looking at GDX now, and see its loaded with mostly big cap blue chips. They tend not to be very “lively”. The bigger ships don’t “move” so easy and fast as the smaller boats. ABX NEM GG etc types are in it.
Today’s Price Performance
Barrick Gold Corp | $0.00 | 0.00 (0.00%) | 0 | |
NEM | Newmont Mining Corp | $33.22 | +0.22 (0.67%) | 2,986,674 |
NCM:XASX | Newcrest Mining Ltd | $0.00 | 0.00 (0.00%) | 0 |
— | Goldcorp Inc | $0.00 | 0.00 (0.00%) | 0 |
— | Franco-Nevada Corp | $0.00 | 0.00 (0.00%) | 0 |
— | Agnico Eagle Mines Ltd | $0.00 | 0.00 (0.00%) | 0 |
— | Silver Wheaton Corp | $0.00 | 0.00 (0.00%) | 0 |
GOLD | Randgold Resources Ltd ADR | $87.75 | -1.32 (-1.48%) | 509,026 |
AU | Anglogold Ashanti Ltd ADR | $11.14 | +0.08 (0.77%) | 1,721,223 |
RGLD | Royal Gold Inc | $69.36 | +1.02 (1.49%) | 420,973 |
Scum sitting on GDX at 23.00
what is it with GDX and 23.00.
Did you miss me?
Sorry… I was away to Germany to pick up a 221 pound “coffee table”. 🙂
Cast in resin, put some legs on it, and no one would suspect it might be real.
joe12pack @ 13:59 Re Gold Chart
We can’t see the Dec 2015 low around $1060. If we could, you can project an up-trend line from the Dec ’15 low and the Dec ’16 low which would show two higher lows one year apart.
Plus, connecting a line between the two high points on his chart would show two higher highs. Two higher lows and two higher highs. That bullish to me.
What Armstrong is trying to prove, is that the July 7 $1264 high was the end of the bull market that started only about 6 months prior.
And or he’s trying to prove that the Gold bear mkt that started in 2012 at $1800 is still intact, in other words, the bear mkt is continuing. And Gold is in a 1 year 4 month bounce??? At his age he may be on medication.
Will Somebody Post Something Please?
I’m looking for things to read.
Precious Metals Performance Since January 15, 2016
PPLT Platinum +7%
GLD Gold +13%
SLV Silver +30%
JJC Copper +33%
PALL Palladium +59%
Re Julian Assange – Wikipedia and Global CIA
This may sound ridiculous, but if YOU were the CIA, and your biggest problem is random terrorist attacks, you might want somebody else to “leak” all your surveillance methods to inhibit or scare the terrorists. You ALSO might want someone else to expose negative info on a presidential candidate, you don’t like or want.
Remember, very often, because of the Media, many things are NOT the way it looks or sounds. Free information from the media, is worth exactly that, free. In fact its often costly if or when you believe it.
Aunadag=great post!! There are many traitors, fifth columnists and back stabbers on the left-they would gladly kneel and have their heads lopped
off by muslim fanatics in the name of PC–they have a death wish and want to turn america into a 3rd world hell hole–then there are the globalists like the Koch bros who wish to pauperize everyone and rule feudal style–through open borders and NAFTA and TPP.
Obama Is Leading ‘War to Destroy Trump’
By David Horowitz
As I predicted in “Big Agenda” – my bestselling book about President Donald Trump’s plan to save America – the Democrats and their media accomplices have declared all-out war on the Trump White House.
Under the guise of “resistance” – as though the Trump were the head of an occupying army rather than an elected president – they have set out to destroy his administration.
They are not “sore losers,” as many had surmised when their hysterical attacks on Trump as an American Hitler began. They are an army of saboteurs bent on destroying the government the voters preferred.
Their general, Barack Obama, is an unrepentant radical who abused the office of the presidency when he was in power, and as ex-president is now leading a war to overthrow his successor.
With the election over, the Democratic Party is now in the hands of the Bernie Sanders-Tom Perez-Keith Ellison-Barack Obama radical left. Abetted by a corrupt media, funded by the anti-American billionaire George Soros, egged on by Obama’s corrupt attorney general, Loretta Lynch, and a collusive press, the left has launched vile and violent demonstrations in the streets, rancid witch-hunts in the halls of Congress posing as “confirmation hearings,” and treasonous intelligence leaks, which have already claimed Trump’s National Security Adviser Gen. Michael Flynn as their victim.
Their next target, Attorney General Jeff Sessions, is already in their crosshairs, the object of character assassinations by Sens. Chuck Schumer, D-N.Y., Elizabeth Warren, D-Mass., and other Democrats, and by their disgraced and disgraceful media accomplices.
Silver hourly chart is a nice flaggie for 60 cents
Projecting to about $19, if they lose the $18.50 wall. Wanka used to call them V’s for victories. Anyone hear from Wanka John recently?
Squabbles on the horizon
It’s over: Britain files for divorce from the European Union
LONDON (AP) — The United Kingdom filed for divorce from the European Union on Wednesday, overturning four decades of integration with its neighbors, demolishing the notion that EU expansion is inevitable and shaking the foundations of a bloc that is facing challenges to its identity and its place in the world.
Britain’s top envoy to the EU, Tim Barrow, hand-delivered a letter to European Council President Donald Tusk formally triggering a two-year countdown to the final split.
“Today the government acts on the democratic will of the British people,” Prime Minister Theresa May told lawmakers in the House of Commons, adding, “This is an historic moment from which there can be no turning back.”
Sprott’s Reik tackles biggest misconception about gold price
Perhaps the single greatest misconception about gold, especially in contemporary trading circles, is the erroneous belief that rising U.S. short-term interest rates are inherently threatening to gold’s prospects. We believe rising rates have far less to do with gold’s performance than the reasons why rates are rising and whether the Fed is deemed to be “in control.” After all, when gold exploded to all-time highs in January 1980, the Fed’s discount rate was 12% and fed funds were targeted at 14%. Many will object that the January 1980 experience is not germane, because conditions in 1979 were substantially unique (inflation, oil shock, Iran hostages and Hunt brothers). Conceding all decades are different, we turn to the more recent past for evidence rising rates can coexist with surging gold prices.
cont. http://www.mining.com/sprotts-reik-tackles-biggest-misconception-gold-price/
Lots of negative sentiment among gold devotees and technician yet gold’s been
showing amazing resilience. No wonder NO ONE is on board in any big way when gold makes a move up–and even that move is “camouflaged” making the move look ragged and divergent. Today is a good example=with the $ index UP 350 bps…yet G&S only down a few & JNUG down a mere 5 cents. Only problem is that resilience “don’t” pay the bills! Upside mo-mo does.
“The Noise Level Is Deafening” Trader Warns Investors: “Stop Acting Like An Emotional Wreck
We’ve been moving away from a world where investors were willing to say, “I see it, but I don’t believe it” and do something about it, warns Bloomberg’s Rich Breslow. The contrarian view, where you hope to win big by standing your ground or catching the market offside just before prices reverse. There are few more empowering feelings than the belief that you’ve just got confirmation that you’re smarter than the next guy. And nothing more intimidating if you’re that next guy.
In the new zeitgeist, you’re more likely to hear, “I let my emotions get the better of me.” Only day traders can get away with and thrive being wildly bullish one day and sure everything will collapse the next. Yet that’s increasingly the trap real investors are falling into.
It’s a tough trading environment and fair to say that confidence is low. Yet all you hear is people expressing themselves in binary absolutes. Which is a problem when the noise level is deafening and many of the issues that are driving markets analyzable only to the extent of supposition.
Having a big-picture view is very important. And then you need to file it away for context. Markets are behaving like they’re in a step class, but the real economy and global demographics don’t bounce up and down at the rate people seem to think. FOR THE REST:
Good Morning Oasis
Kirkland Lake Gold Increases Mineral Reserves at Flagship Macassa Mine by 37% and Fosterville Mine by 66%
http://finance.yahoo.com/news/kirkland-lake-gold-increases-mineral-180217944.html
Santacruz Finalizes El Gachi Property Sale to First Majestic
http://finance.yahoo.com/news/santacruz-finalizes-el-gachi-property-183600764.html
Marathon Gold Files 43-101 Technical Report for Updated Resources at the Valentine Lake Gold Camp: 1.4 million oz. (M&I) at 1.91 g/t Au and 766,500 oz. (Inferred) at 2.24 g/t Au
http://finance.yahoo.com/news/marathon-gold-files-43-101-195421157.html
Osisko Corporate Update
http://finance.yahoo.com/news/osisko-corporate-201500654.html
Eldorado Reports Olympias Phase II Improved Concentrate Sales Terms and Commissioning on Track
http://finance.yahoo.com/news/eldorado-reports-olympias-phase-ii-211000694.html
Granada Gold moves quickly on turnkey solution to boost potential gold production at Granada mine
http://finance.yahoo.com/news/granada-gold-moves-quickly-turnkey-213300228.html
Antioquia Reports on Cisneros Project- Guayabito Progress
http://finance.yahoo.com/news/antioquia-reports-cisneros-project-guayabito-221454479.html
INV Metals Reports 2016 Results and Provides Corporate Update
http://finance.yahoo.com/news/inv-metals-reports-2016-results-234035347.html
Filo Mining Reports 2016 Results
http://finance.yahoo.com/news/filo-mining-reports-2016-results-001500498.html
Rambler Metals & Mining PLC: Transition Year – Annual Financial Statements
http://finance.yahoo.com/news/rambler-metals-mining-plc-transition-080218991.html
Orvana reports first doré shipment by Don Mario Mine
http://finance.yahoo.com/news/orvana-reports-first-dor-shipment-100000643.html
Arizona Mining’s Updated Metallurgical Test Work for Hermosa-Taylor Sulfides Shows Increased Recoveries for Zinc, Lead and Silver
http://finance.yahoo.com/news/arizona-minings-updated-metallurgical-test-103000496.html
Klondex Announces Updated Mineral Resource Estimate at True North; ~32% Increase in M&I Mineral Resource, ~45% Increase in Inferred Mineral Resource
http://finance.yahoo.com/news/klondex-announces-updated-mineral-estimate-103608478.html
Dynacor Reports 24 % Increase in Gold Production for the First 2 Months of 2017
http://finance.yahoo.com/news/dynacor-reports-24-increase-gold-105500772.html
Avesoro Resources Financial Results for Year Ended 31 December 2016 and Operational Update
http://finance.yahoo.com/news/avesoro-resources-financial-results-ended-110000511.html
Kirkland Lake Gold Reports Strong Q4 2016 and Full Year Financial Results; Initiates Dividend Policy
http://finance.yahoo.com/news/kirkland-lake-gold-reports-strong-113913229.html
Aurvista Gold Corporation Consolidates Ownership Interest at the Douay Gold Project
http://finance.yahoo.com/news/aurvista-gold-corporation-consolidates-ownership-120000991.html
Early Warning Release Osisko BGM-Sprott
http://finance.yahoo.com/news/early-warning-release-120000095.html
Corex Gold Corp.: Santana heap-leach gold project; 2017 Construction update
http://finance.yahoo.com/news/corex-gold-corp-santana-heap-130000175.html
Firma’s Grace Point Mining Corp and MX Gold Corp Advance the Magistral Project towards Production
http://finance.yahoo.com/news/firmas-grace-point-mining-corp-131500595.html