Recapping the week in Gold, USD, and US Markets

May 19, 2017

Doc is with me to recap the moves we saw this week. After a political bump for gold and drop for the US markets that only lasted one day will it have an impact on next week? Also looking at the continued fall in the USD. While the dollar remains in the middle of a longer term trading range there is not doubt that all of 2017 has been rough for the USD.

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    May 19, 2017 19:31 PM

    If a lower dollar is the goal Janet will NOT raise rates in June.

      May 19, 2017 19:34 PM

      Another rate hike is likely weaken the dollar. Remember that interest rates were going up in the 1970 while the dollar continued to buy less and less. Much more recently, the USDX fell about 25% after Janet Yellin raised rates for the first time in ten years.

      Rate hikes while the economy is struggling and bonds are bubbly sends smart investors away from the currency since they know that such a situation will necessitate negative real rates — at least in the Fed’s eyes.

    May 19, 2017 19:49 PM
    May 19, 2017 19:55 PM

    Interesting: 60million oz. silver covered this week.
    This makes over 300 million oz. silver covered in the last 4 weeks.

    May 19, 2017 19:57 PM

    $9B in gold shorts covered in same time period. I wouldn’t be in a hurry to sell.

    May 19, 2017 19:55 PM

    Osisko Mining drills 9.4 m of 9.01 g/t Au at Windfall

    2017-05-19 08:08 ET – News Release
    Osisko Mining Inc. has released new results from the continuing drill program at its 100-per-cent-owned Windfall Lake gold project located in Urban township, Quebec. The current 400,000-metre drill program combines definition drilling above the Red Dog intrusion, expansion drilling above and below Red Dog, expansion drilling to the northeast of the main deposit, and exploration drilling on the greater deposit and Urban-Barry project area. Significant new analytical results from four wedge drill holes focused on infill and expansion drilling in the main Windfall deposit are reported in the associated table.

      May 19, 2017 19:01 PM

      Osisko has consistently had great drilling all year long at Windfall. Very nice.

      I’ve been stocking up on Metanor resources lately (small producer whose Barry deposit on the same trend with the Osisko Windfall deposit).

      Check out this MAP for a lay of the land…..

        May 19, 2017 19:15 PM

        Beaufield Resources is definitely right there in the thick of it as well.

        I just like Metanor a current prices, because they had the snot kicked out of them, nose-dived, restructured their balance sheet, got a capital raise underway, and now they are in a much different setup as a small producer with “Takeover” written all of them.

    May 19, 2017 19:59 PM

    Barkerville drills 8.25 m of 39.05 g/t Au at Cariboo

    2017-05-18 08:14 ET – News Release


    Barkerville Gold Mines Ltd. has released additional drilling results from the continuing 130,000-metre phase 2 Island Mountain exploration drilling program at the company’s flagship Cariboo gold project. The company is currently exploring and delineating the Valley zone with four drill rigs. Detailed drilling results, a drill hole location plan map, level plan and longitudinal section are presented on the company’s website.

    Osisko Gold now holds 33.4% of Barkerville shares

    May 19, 2017 19:28 PM

    Shanghai silver closed over $18.

    May 19, 2017 19:57 PM

    These 4 charts will turn you into a (raging) zinc price bull
    Frik Els | about 6 hours ago

    May 19, 2017 19:59 PM

    #Lithium Boom II And #Cobalt Boom II Are Coming Soon
    May 15, 2017 – Matt Bohlsen

    May 19, 2017 19:18 PM

    John Kaiser and Gwen Preston: Strategies for Finding Ten-Baggers:
    May 18, 2017

    John Kaiser, editor of Kaiser Research Online and Gwen Preston, Editor of Resource Maven, discuss Camino’s recent discovery. and provide advice on finding similar stories.