Market Sentiment shifting

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3 weeks 5 days ago #125172 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment has shifted
Good interview on the Comex failing in late March

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1 month 3 weeks ago #125068 by alexgreat
alexgreat replied the topic: Market Sentiment has shifted
Great interview with Jim Sinclair

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1 month 3 weeks ago #125067 by Gambler
Gambler replied the topic: Market Sentiment has shifted
Great article at Sprott

sprott.com/media/2684/whitney-george-inv...s-value-investor.pdf

"Sprott has three primary businesses, all tied to precious metals. The biggest business, with about $7 billion in assets, is managing physical bullion trusts that trade on the New York Stock Exchange and that allow investors to buy claims on physical gold, silver, platinum and pal-ladium. The metal is stored at the Royal Canadian Mint and the shares of these trusts are exchangeable into that metal for delivery"

This is the CEF

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2 months 1 week ago #125010 by Gambler
Gambler replied the topic: Market Sentiment has shifted
I looked at some pricing at TD Bank yesterday


Kitco has spot today at $1700. 50 at 1.37 US to C$ exchange, that is C$2330 per ounce.

TD advertising 1 ounce gold bar coming soon at $2543 so a $213 premium or 9%, a bit lofty

the 5 ounce bar is at $2487 per ounce

They list a kilo bar for sale at $78, 604 so that is $2445 per ounce, the best deal

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2 months 1 week ago #125005 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment has shifted
The Auzzies to the rescue. Perth mint sending kilo bars to Comex, maybe we will be able to buy physical again without huge premiums.

www.bloomberg.com/news/articles/2020-04-...rk-in-supply-squeeze

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2 months 1 week ago #125002 by lynnsa10
lynnsa10 replied the topic: Market Sentiment has shifted
Good video on gold market

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3 months 1 week ago #124895 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment has shifted
Mines closing everywhere

The Globe and Mail reports in its Thursday edition that Canada's biggest gold mine is shutting down under Quebec's directive that all non-essential businesses close until April 13 to reduce the spread of COVID-19. The Globe's Niall McGee writes that the Canadian Malartic mine in the Abitibi region of Quebec produced about 450,000 ounces of gold last year, and is co-owned by Agnico Eagle Mines and Yamana Gold. In addition, Agnico is paring back operations at its two mines in Nunavut, which heavily rely on Quebec workers. At Meliadine, Agnico plans to process ore from stockpiles for 40 days, while Amaruq will be sidelined entirely. "We're fully supportive of what the government is doing," said Sean Boyd, chief executive of Agnico.

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3 months 1 week ago #124884 by alexgreat
alexgreat replied the topic: Market Sentiment has shifted
Bought CEF Friday and am up $3, nice move and another great call by RonS. picked the bottom right on

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3 months 2 weeks ago #124881 by Gambler
Gambler replied the topic: Market Sentiment has shifted
Rob Halliday-Stein, founder and managing director of Birmingham-based BullionbyPost, said the situation was unprecedented. "Basically we're selling as soon as we get stock on location in secure vaults -- but we're restricted to what we can get hold of. It's a bit like toilet roll.

While London's gold vaults are full of gold bars, they are of the 400-ounce variety traded by large banks such as HSBC and JPMorgan, not the smaller bars that retail customers buy, which tend to be 1 kilogram (35 ounces) or lighter.

"I don't think you will find a kilobar presently in Europe and the U.S. for love nor money," Ross Norman, a veteran gold trader, said. "It's quite extraordinary.

Ken Lewis, chief executive of Apmex, a U.S. precious-metals retailer, said in the past week that "product has become increasingly difficult to source as the market becomes more volatile day by day."

www.ft.com/content/81d915e2-6cef-11ea-89df-41bea055720b

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3 months 2 weeks ago #124876 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment has shifted
Another gold mine closing and I have seen others, just as RonS warned.

MELBOURNE, Australia, March 23, 2020 /CNW/ - OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the "Company") wishes to update the market on the response to COVID-19 measures being put in place by the New Zealand Government.

On Monday 23 March 2020 New Zealand Prime Minister, Jacinda Ardern, announced a COVID-19 alert level three, with the Government's highest response, alert level four, to be implemented from 11.59pm on Wednesday25 March 2020. Alert level four requires businesses not exempt as essential services or lifeline utilities to close for an initial period of four weeks.

From 11.59pm Wednesday25 March 2020, The Waihi Operation in the North Island of New Zealand will temporarily suspend the ongoing development of the Martha Underground Mine and go into care and maintenance for the duration of the four-week mandated closure.

The Company is working with the New Zealand Government to determine what exemptions may be available for the Macraes Operation in the South Island of New Zealand.

OceanaGold Corporation's Acting President and CEO, Michael Holmes, said the Company was supportive of the government's aim to protect the health and safety of all New Zealanders.

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3 months 2 weeks ago #124844 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment has shifted
Yes what a great call, hope he is right about a bottom.

I got Sandstorm too, paid around $6.65 and going to hold long term. Comex gold now up over $50

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3 months 2 weeks ago #124840 by Gambler
Gambler replied the topic: Market Sentiment has shifted
What a great call Ron made this morning, I bought Sandstorm at the open and already sold half, thinking I might be able to buy back on a pull back.

Strong up day for golds, I think there correction is over

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