Minimize

Welcome!

Gold’s reaction to Powell’s statement

Cory
August 27, 2020

Brien Lundin joins me today to share his thoughts on the wild swings in the gold price after Jerome Powell’s statement this morning. Gold initial spiked but then gave up all those gains and some shortly after. While this is another example of the Fed moving markets on one single day we need to note the overall trend more than anything.

Click here to learn more about Brien’s newsletter.

Discussion
27 Comments
    Aug 27, 2020 27:43 PM

    I think Elon Musk should get a chip implant and then we could see into the future! LOL! DT

      Aug 27, 2020 27:44 PM

      Be careful of what you wish for. LOL! DT

        Aug 27, 2020 27:49 PM

        He might just make a machine that will make him master of The World! DT

          Aug 27, 2020 27:45 PM

          DT – Watch out – Elon Musk is going to mine all the gold in space on asteroids. Haha!

          ______________________________________

          ELONAGEDDON – Market Huddle Ep.93 WTF Clip of the Week

          https://youtu.be/9Nzoyk3dhUk

    Aug 27, 2020 27:05 PM

    Ex, Matthew, Doc, et al, does anyone here follow or own Aurcana AUN.V ?

      Aug 27, 2020 27:54 PM

      Yes, I own Aurcana (AUN) and have followed their story for years, and they used to be a sponsor here at the KER with the prior management team [back when they had the Silver mine in Mexico).

      Aurcana has a different team as of 2016, and they acquired the highest grade silver development project on the planet that is not in production, the Revenue Virginius Mine in Colorado. The R.V. Mine is their flagship project, and they just bought land adjacent to it the Bluegrass Claims that they are currently exploring. In addition they have the prior producing Shafter mine in TX that produced back in 2012/2013, and was put on care and maintenance due to crashing Silver prices as a second mine/mill that could be brought into production down the road.
      ___________________________

      (AUN) (AUNFF) Aurcana Corp – Corporate Presentation

      http://www.aurcana.com/_resources/presentations/Corporate_Presentation.pdf

    cfs
    Aug 27, 2020 27:21 PM

    I own some Aurcana, but don’t follow real close.

    U.S. spy satellite catches Chinese Submarine at South China Seas island.
    Shit will hit fan after the November election.

    cfs
    Aug 27, 2020 27:28 PM

    Bonzo, I was close to buying some more AUN.V, but then they annoyed me by diluting again.

    Aurcana Closes Second and Final Tranche of Previously Announced Non-Brokered Private Placement for a Total of C$12,275,700
    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

    VANCOUVER, British Columbia, July 28, 2020 (GLOBE NEWSWIRE) — AURCANA CORPORATION (“Aurcana” or the “Company”) (TSXV: AUN) is pleased to announce that the second and final tranche of the previously announced (July 14, 2020 and July 20, 2020) private placement offering (the “Private Placement”) of Units (as defined below) has closed. Aurcana closed on the sale of an additional 2,762,000 Units in the second and final tranche of the Private Placement (the “Second Closing”) for gross proceeds of C$1,381,000. Together with the first tranche, Aurcana closed on the sale of an aggregate of 24,551,400 Units for gross proceeds of C$12,275,700.

    Each Unit is priced at C$0.50 and consists of one common share of the Company and one full common share purchase warrant (“Warrant”), with each Warrant entitling the holder thereof to purchase one common share at a price of C$0.75 for a period of 36 months following the closing of the Private Placement, subject to adjustment upon certain customary events.

    The Company intends to use net proceeds of the Private Placement to continue to execute the Company’s corporate vision, previously announced on June 19, 2019 and posted on its website http://www.aurcana.com, which is primarily focused on advancing its wholly-owned Revenue-Virginius Silver Mine located in Ouray, Colorado, as well as for working capital and general and administrative expenses. In addition to supporting the ongoing underground development in the Virginius North area of the mine the net proceeds are expected to be targeted toward placing orders for long lead time equipment and completing the rehabilitation of the emergency escapeway to remove these items from the critical path of the restart schedule, each of which will also directly reduce future capital requirements to complete the restart.

    The Company paid an aggregate of C$547,920 in finder’s fees and issued an aggregate of 1,095,840 agent’s warrants, (“Agent’s Warrants”) with each Agent’s Warrant entitling the holder thereof to purchase one Common Share at a price of C$0.50 for a period of 36 months from the date of issuance.

    The Common Shares and the Warrants (and any Common Shares issued pursuant to the Warrants, as applicable) issued in the Second Closing are subject to a statutory hold period expiring on November 29, 2020.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws and may not be offered or sold in the United States unless registered under the 1933 Act and any applicable securities laws of any state of the United States or an applicable exemption from the registration requirements is available.

    ABOUT AURCANA CORPORATION

    Aurcana Corporation owns the Revenue-Virginius Mine, in Colorado, and the Shafter-Presidio Silver Project in Texas, US. The primary mineral resource at Shafter and Revenue-Virginius is silver. Both are fully permitted for production.

    I get annoyed when a company gives away too many warrants. It’s bad enough they pay high salaries.

      Aug 27, 2020 27:55 PM

      They raised money to put the highest grade silver mine in the world back into production. I’d say that is a good reason to dilute and raise in this silver environment.

        Aug 27, 2020 27:59 PM

        World’s Highest-Grade Silver Mine Targets 2020 Production (Kevin Drover Interview)

        MiningStockEducation #AudioInterview

        “Aurcana Corporation has 100% ownership of the world’s highest-grade silver mine (P&P): the Revenue-Virginius mine in Ouray, Colorado, USA. This fully-permitted mine will also be one of the lowest-cost silver producers in the world at only US$8/oz Ag (AISC) after byproduct credits. Aurcana is currently (Q1 2020) securing the final capex needed to commence production which it expects to accomplish in Q4 2020. In this interview, Aurcana CEO Kevin Drover provides an overview of the Revenue-Virginius mine and Aurcana’s investment value proposition.”

        https://youtu.be/0VzJTjPSKXU

          Aug 27, 2020 27:06 PM

          Aurcana Silver Corporation – World’s Highest-Grade Silver Mine SITE TOUR #VIDEO:

          Aug 14, 2020

          “Bill Powers visited the world’s highest-grade silver mine (P&P) owned 100% by Aurcana Silver Corp. The site tour occurred on August 5th and 6th. The Revenue-Virginius mine in Ouray, Colorado, USA is fully-permitted and will also be one of the lowest-cost silver producers in the world at only US$8/oz Ag (AISC) after byproduct credits. The exploration potential at this project is immense as COO Brian Briggs states in the video: “There is no other silver mine in the world that probably has our exploration potential.” Aurcana is currently in the final stages of securing a debt facility for the the final capex needed to commence production. The company has announced they intend to start production in Q1 2021.”

          https://youtu.be/am9eADLcx6A

    Aug 27, 2020 27:45 PM

    Thanks, CFS. of course if silver goes to $500/oz we’ll be glad to own Aurcana.

      Aug 27, 2020 27:56 PM

      If Silver stays anywhere in the range it has last 2 years, then we’ll be glad to own Aurcana.

        Aug 27, 2020 27:04 PM

        They have a projected AISC at $8 which meant their project could still make money at the Silver prices we saw at the March lows this year at $12, where many Silver companies could not make it at sustained prices at that level. With Silver in the mid $20’s they’ll be doing excellent.

    Aug 27, 2020 27:23 PM

    So, Aurcana pays high salaries? Then will not be buying Aurcana.

    Aug 27, 2020 27:02 PM

    I tried to buy a lot of Aurcana today at .58 but all I got was 2000 shares. So my toe is in the water. I love Ouray and Marfa where their silver is located. Now I have a good reason to return.

      Aug 27, 2020 27:45 PM

      A toe in the water is a start….

    Aug 27, 2020 27:47 PM

    (DSV) (DSVMF) Discovery Reports Q2 2020 Operating & Financial Results

    by @nasdaq on 27 Aug 2020

    https://ceo.ca/@nasdaq/discovery-reports-q2-2020-operating-financial-results

    Aug 27, 2020 27:56 PM

    Everything You Need To Know About Investing in Gold, Silver, & Mining Stocks – Ross Beaty

    August 27, 2020 – I Love Prosperity #VIDEO interview

    https://youtu.be/GsaVbLfRle8

      Aug 27, 2020 27:35 PM

      Excellent. Beatty sounded well grounded.

        Aug 28, 2020 28:45 AM

        Agreed. Ross is a class act and very sharp guy.

      Aug 28, 2020 28:15 AM

      Ditto…. Beaty…has a great story…..

    cfs
    Aug 27, 2020 27:39 PM

    Abbott Labs announce a new test for covid-19. Takes only 15 minutes for 97% accurate result. Initial cost $5.

    cfs
    Aug 27, 2020 27:46 PM

    ttps://www.cnn.com/2020/08/27/investing/abbott-labs-rapid-covid-test/index.html

    This should change air travel……everyone will be tested prior to flying.
    May even be cheap enough to test entrance to Broadway plays and other entertainment venues and sporting events.

    THIS IS A GAME-CHANGER.