Key Levels On Some Currencies Related To Metals
Chris Kimble, Founder of Kimble Charting Solutions joins me to breakdown the 5 charts below. All with a focus on future metals moves we look to some of the larger currencies that are testing key levels. Follow along with the charts below and click here to visit Chris’s site.
Behind the scenes, Saudi Arabia has expressed concern to the US.
i. About low oil prices, because the U.S. is producing so much.
ii. About congressional action possibly allowing anti-trust lawsuits against OPEC.
ii. About military sales being too high in price. (Saudi Arabia is US’s biggest buyer of arms.)
The implied threat comes in the form of sales of US treasuries.
Here the problem for the US becomes one of where or to whom can it sell its paper.
If Russia, China and Saudi are all selling off US paper, how can the U.S. Fed. lower interest rates short of simply printing and monetizing the debt.
With a time delat, of course, this will imply price inflation and a dollar drop, which in turn implies not only price rises for necessities (food and energy) but also precious metals.
The S&P Energy index, $SREN, is showing price increases already.
Anaconda Mining Intersects 42.85 G/T Gold Over 3.8 Metres And 9.83 G/T Gold Over 3.5 Metres At Goldboro
Canada Newswire – Thu Apr 4, 6:00AM CDT
TORONTO, April 4, 2019 /CNW/ – Anaconda Mining Inc. (“Anaconda” or the “Company”) (TSX:ANX.TO) (OTCQX:ANXGF) is pleased to announce results from four diamond drill holes drilled as part of a metallurgical test program (the “Metallurgical Drill Program”) to support the ongoing Feasibility Study for the Goldboro Gold Project in Nova Scotia (“Goldboro”). The Metallurgical Drill Program focused on an area of the East Goldbrook Gold System (“EG Gold System”) over a strike-length of approximately 80 metres where numerous shallow, high-grade mineralized zones were previously intersected (Exhibit A). The Metallurgical Drill Program consisted of four HQ diameter diamond drill holes (BR-18-68 to -71) totaling 545 metres, which successfully intersected previously modelled mineralized zones, encountered five occurrences of visible gold, and confirmed the continuity of several high-grade zones up to 40 metres (Exhibit B).
Selected composited highlights from the Metallurgical Drill Program include:
– 42.85 grams per tonne (“g/t”) gold over 3.8 metres (66.6 to 70.4 metres), including 316.76 g/t gold over 0.5 metres in hole BR-18-70;
– 9.83 g/t gold over 3.5 metres (81.1 to 84.6 metres) including 58.31 g/t gold over 0.5 metres in hole BR-18-69;
– 7.48 g/t gold over 4.1 metres (125.0 to 129.1 metres) including 35.45 g/t gold over 0.8 metres in hole BR-18-68;
– 7.69 g/t gold over 2.9 metres (34.0 to 36.9 metres) including 43.87 g/t gold over 0.5 metres in hole BR-18-69; and
– 16.54 g/t gold over 1.3 metres (105.0 to 106.3 metres) including 26.53 g/t gold over 0.8 metres in hole BR-18-69.
A table of selected composited assays from both recent and previously reported drilling are shown in the table below.
“These drill results are important as they provide confidence in the existing resource and geological models of the EG Gold System, confirm the continuity of grade for several of the high-grade zones encountered in previous drilling, and provide the samples necessary to advance metallurgical testing to support a Feasibility Study at Goldboro. The results are consistent with those we have encountered in other areas of the EG Gold System and will be incorporated into an updated mineral resource estimate, which will include 10,000 metres of drilling conducted since July of 2018 and is expected to be released by the third quarter of 2019. In the meantime, we continue to work on an additional 5,000-metre drill program to better outline high-grade zones in the EG Gold System, expand the deposit, and infill specific portions of the EG and Boston-Richardson Gold Systems.”
Great exploration results from (ANX)(ANXGF) Anaconda, as per usual.
tRUMP PRESS CONFERENCE:
PM prices rise more often with dropping interest rates.