Post by
Goodwithtoys on Nov 16, 2016 8:33am
A NEW WORLD...
I must admit that when I suggested last Monday the American election could go the way of Brexit, I really did see that as a stretch, given the populist candidate, and his platform. The notion that Trump as president would topple the markets, and send GOLD to new vistas, also lasted for mere minutes! As many of you are aware, Ive been investing in Junior GOLD Exploration for a very long time. In all that time, I have never witnessed anything like what has happened in this past week. The US dollar continues to rise; the Dow continues to climb, and the price of GOLD continues to weaken. A new kind of megalomaniac is about to run the United States, this one with absolutely no political experience whatsoever, and the Dow, and the dollar climb? Honestly, I just dont get it. Further, quoting from Seeking Alpha, The outlook for global sovereign ratings is negative possibly until 2018 amid expectations for low economic growth and high public-sector debt, according to Moody's Investors Service. Around 26%, or 35 out of 134 sovereigns, currently have a negative outlook, marking the largest proportion since late 2012. The news comes as a two-day thumping wipes out more than $1T across bond markets worldwide. Its been widely suggested that Sovereign debt would represent the fundamental precursor to a sharp decline in markets worldwide, which should, in turn, be good for GOLD & other precious metals. This may in fact be the reason we appear to have bottomed at around the $1,220 mark. So, whilst I remain confident that GOLD will regain its past glory, & beyond, many nervous investors remain in cash until this whole Trump thing settles itself down. So, having said all that, whats up with EXS/EXSFF? CD was in Timmins from Thursday of last week, meeting with various large EXS/EXSFF investors, & prospects, to finalize the Flow Through Financing at .085. I understand many of those discussions went very well, & he expects to close the financing shortly. The recent escalation in Copper pricing, currently in the $2.50 range, motivated by Trump infrastructure spending rhetoric, puts a new complexion on the impending results for the New Brunswick Copper property. Ive been hearing about some very positive indications, and the presence of significant copper in most of the targets drilled. The Board is considering a proposal from the geophysics firm to proceed with the Down Hole IP process north of Glencores Kidd mine. The recent rise in both Zinc & Copper should move this process forward. The long-awaited Teck announcement is close to release, & could be out later this week, or the next. Id rather watch molasses move on a cold Quebec day! It truly baffles me how those people get anything done. I understand that some preliminary geophysics are underway on three EXS/EXSFF properties, including PG-101. I was pleased to see the Newsletters impact in the market with new retail buying in the stock. Hopefully, more will come.
Comment by
firstimer12 on Nov 16, 2016 10:40am
BLAH BLAH BLAH..........Kindly keep your hot air to yourself.
Comment by
4real on Nov 16, 2016 11:39am
Wow. Testy today firstimer. You are right because nothing he has ever said has ever come through.
Comment by
Ongvami on Nov 16, 2016 12:13pm
Teck news this week would be nice. But if it comes next week I would be happy with that.
Comment by
Dagg1946 on Nov 16, 2016 3:46pm
Have to agree slim and yeah I also appreciate gwt's input here its good to be in the know and what's going on near the scene for sure.