Gold’s rally yesterday was mostly short covering – George Gero
Managing Director of RBC Wealth Management, George Gero joins us to discuss his outlook for gold after what Yellen had to say yesterday. He also touches on the signs copper, oil and inflation is giving us in terms of a gold market that is confused.
Click download link to listen on this device: Download Show
What you are saying, Professor, does make a lot of sense.
Al. CFS, almost always makes sense….
Very possible CFS. I could see them caring much more about not upsetting the apple-cart in the bond market than many of the areas people feel the Fed meddle in.
This is a pretty big deal in Uranium News……..
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GoviEx and Denison to Combine African Uranium Assets
“TORONTO, ONTARIO–(Marketwired – March 30, 2016) – GoviEx Uranium Inc. (CSE:GXU) and Denison Mines Corp. (TSX:DML)(NYSE MKT:DNN) are pleased to announce the execution of a Definitive Share Purchase Agreement (the “Agreement”) to combine their respective African uranium mineral interests (the “Transaction”) to create the leading Africa-focused uranium development company.
Under the terms of the Transaction, GoviEx will acquire Denison’s wholly owned subsidiary, Rockgate Capital Corp., which holds all of Denison’s Africa-based uranium interests (collectively “DML Africa”), in exchange for approximately 56.1 million shares of GoviEx plus approximately 22.4 million common share purchase warrants of GoviEx. Upon completion of the Transaction, Denison will hold 25% of GoviEx shares outstanding and 28% of GoviEx shares on a fully diluted basis.
The asset portfolio of the combined company will include two permitted uranium development projects – including GoviEx’s Madaouela project in Niger and Denison’s Mutanga project in Zambia. It will also include Denison’s Falea project, an advanced exploration-stage asset project in Mali, and the exploration-stage Dome project in Namibia. Following completion of the Transaction, GoviEx will control one of the largest uranium resource bases among publicly listed companies, with combined National Instrument 43-101Measured & Indicated resources of 124.29 Mlbs U3O8, plus Inferred resources of 73.11 Mlbs U3O8……”
and more Uranium news….. I am continually impressed with the discoveries Nexgen is making in the Athabasca Basin:
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NexGen Intersects Off-Scale Mineralization 180m Southwest of Arrow Deposit and the A2 High Grade Domain Continues to Expand
VANCOUVER, March 30, 2016
Here was a good interview on Palisade Radio that relates to the above press release.
Warren does a very good job of comparing Nexgen to Fission Uranium in this Audio.
I recommend anyone looking at Uranium exploration in the Athabasca check this out. Also, for people interested in the disparity between a world-class discovery and how long it takes the market to properly value a resource in it’s share price should also listen. Warren also discussed his huge gains in Bre-x on the way up, and shorting it on the way down. Very interesting interview.
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Warren Irwin: A bright future for Uranium, NexGen and the Athabasca Basin
BY COLLIN KETTELL ON MARCH 27, 2016
http://palisaderadio.com/warren-irwin-a-bright-future-for-uranium-nexgen-and-the-athabasca-basin/
How long will it take for the gold community to realize the system is corrupt. Why anyone puts any credibility into the liars is beyond belief.
GROW UP…….
OOTB – It’s as hard for pathological dupes led by pathological liars to admit to being wrong.
:)………. good one Andy………… JtheLONG
Anyone else think that Bernie Sanders is the Dark Horse candidate for the Presidency? That he might just come up the middle between Donald and Hillary, the two main contenders?
More like a Horse Arce……………. 🙂
H.U. I. Hillary Ugly Individual………. per your request the other day….. 🙂
How about this Frank…
HUI = Help Us Inflate
not bad……….. FIC…….
Yes Farmer, Its still possible Hillary runs into legal trouble.
Over 100? fbi agents looking, or so Ive read.
Its possible there actually is enough “good” people around to stop her.
I doubt it of course but ya never no.
Also, there has been enough evidence shown on the net people voting(as if votes count) could change to Sanders.
Anyway, if she is stopped that leaves a Sanders Trump final.
Also, tptb(neocons) could decide to “ride out” either of them, 8 years wont make 1 iota of dif. in the “big picture”.
Besides, I believe Sanders votes for wars anyway.
So, Is Sanders possible, I say yes it is.
Kind of looks like it lately. The race is starting to get interesting.
I think the odds are growing. Actually, the only person running that I would bother to go vote for. However, I really don’t expect to vote.
Jim Rickards: The US Dollar Is a Shadow Gold Currency – The New Case for Gold
MARCH 30, 2016 – COLLIN KETTELL – Palisade Radio
http://palisaderadio.com/jim-rickards-the-us-dollar-is-a-shadow-gold-currency-the-new-case-for-gold/
Some of Rickard’s statements in the article , may not be correct. Concerning the balance sheet , with respect to the gold…….and the other, that the gold is in Ft. Knox.
There are statements by Sen, of Kentucky at the time approx. 1965(?) which would refute Richard’s statement…….HAS THIS MORON SEEN THE GOLD, …I SAY put up or shut up……AUDIT THE FED.
Yes, good points OOTB……CCF……The Claw……The Long……The BOOT.
Jim is a great speaker and very entertaining, but he often makes assumptions and reports them as if they are fact, or describes investors as only thinking in one focused way about an issue. In fact, many investors have very different strategies, time horizons, risk tolerance levels, and philosophical or technical reasons for investing in anything….especially precious metals or bonds or currencies. There are many moving parts, and there is no one way investors look at anything.
I must remind myself , to reframe from blasting the future weekend guest. 🙂
btw…………the only” moving parts” I want to see, is the vault door opening to expose the…PUBLIC’S MONEY at FT. KNOX….. 🙂
I didn’t take it as a blast, and any public figure that makes strong assumptions or declarations should be open to fact checking, or challenged on matters of opinion or gross generalities.
Personally, I’m always interested in what Jim has to say, and eagerly await his interview on this weekend’s show; but that doesn’t mean I have to endorse every belief or statement he makes either.
As for the moving parts being the vault door on Ft Knox opening…… I doubt anyone will get to see that and be able to make a public statement about what is really there, but this is one of the Area 51 legends in the gold space, so again while I agree they should audit it, and their secrecy lends me to believe something is fishy, the truth is we’ll never really know.
Personally, I just try to invest in PMs based on main technical picture, rooted in the fundamental backdrop of the economies, currencies, and markets of the world. That’s the best we can hope for on a day to day basis, or longer term outlook.
EX……we need to know what Franky thinks about the matter………
Agreed. Day never stop!!!
Franky – What do you have on Ft Knox??
Our ex-mayor Rob Ford died of cancer last week and was buried today. Despite all his faults and there were many, the people here absolutely loved the guy. He was 46 and was given a state funeral. Like the Beatles sang “The love you make is equal to the love you take”. He will be sorely missed. DT
If gold’s price volatility in $US remains very low, then it wil be valued in a market that wants low volatility assets. There’s no such thing as a parabolic rise in low volatility assets, so if you can figure this one out, please let us know.
Deutsche Bank not looking good might challenge its lows soon.
Stag-Deflation & The Vampire Economy – Part 2
Tom Cammack – Mar 30, 2016
http://www.321gold.com/editorials/cammack/cammack033016.html
With respect to Mr. Gero, I believe there will not be a rate hike in June. Nor at this point in time does it appear there will be ANY rate hikes this year. This latter conclusion being made on political considerations.
On the contrary, it appears further monetization will be occurring to prevent a collapse in the bond market bubble.