$EXSFF...TRUMP GOOD FOR GOLD??... CD gave me a gre
Post# of 154
(Total Views: 277)
Posted On: 01/16/2017 11:44:04 AM
$EXSFF...TRUMP GOOD FOR GOLD??... CD gave me a great laugh when he called Donny Trump ‘Our man in Washington!’ Our American friends are celebrating Martin Luther Day, and their markets are closed until tomorrow. For those avid readers amongst us, a variety of economic influencers will unfold through the week, topped off with Trump’s inauguration speech on Friday. Here are some notable comments from last week, and this morning:
Mr. James Dines… The Dines Letter Jan 13,2017… “my next targets are $3,000 to $5,000 an ounce. That depends on the folly of the worlds leaders but the end will be tragic. Please understand that GOLD is not rising, the value of our paper money is shrinking by oversupply – supply and demand. There's a cycle in currencies, they move up and then they move down to correct the excesses.”
Neils Christensen, Kitco News…Jan 13, 2017…”GOLD could continue to perform well in next week’s (this week’s) shorted trading week as the “Trump effect” loses momentum ahead of President-elect Donald Trump’s inauguration Friday, according to some analysts.
GOLD was driven to a seven-week high, after investors were disappointed that Trump, in his first press conference since his election win, didn’t provide any new information on his economic and fiscal proposals. GOLD is up almost 5.5% since the start of the year.
‘Trump is turning out to be GOLD’s best friend’, said Ole Hansen, head of commodity strategy at Saxo Bank. ‘We just don’t know anything about his presidency and that uncertainty is playing into GOLD’s hands.’
Darin Newsom, senior analyst at Telvent DTN, is also looking for political uncertainty to support GOLD in the near term as there are still three weeks to go before the next Federal Reserve monetary policy meeting, which is GOLD’s ultimate driver.”
Dean Popplewell, Seeking Alpha…Jan 16, 2017…GOLD prices have edged up overnight (+0.6% to trade at +$1,204.8 an ounce), supported by safe-haven demand due to uncertainty over U.S. policy ahead of President-elect Donald Trump's inauguration and amid concerns over Britain's exit from the E.U. Note: Bullion last Thursday touched a high of +$1,206.98, its best since Nov. 23. Data released on Friday indicates that Hedge funds and money managers (in the week to Jan. 10) have raised their net long position in COMEX gold contracts for the first time in nine-weeks.
Dupont is at the Company’s corporate office to host the AGM tomorrow. He is finalizing details to re-enter one, or two drill holes north of the Kidd mine. That’s mostly about interpretation of the findings & recommendations of the Down Hole IP Geophysics report received late last week. Those discussions are ongoing, but he is anxious to get the drills turning as quickly as possible.
I’m getting a sense that there’s more to the Chester Copper property story yet to unfold. The company is still waiting on lab results for six of the ten holes drilled, and we all experienced the market reaction after the NR last week. At least two of the unreported drill holes were west of those already reported by News Releases. These ‘Step-Out’ holes appear to have the potential to extend the known strike length of the mineralized zone by a significant amount. That would be huge.
With a view to drilling at the PG-101, and at East Bay this year, Dupont is pushing to handle some administrative issues, and complete Geophysics surveys. He’s also in the midst of finalizing an agenda for the upcoming video-teleconference with Teck, which should take place shortly.
Mr. James Dines… The Dines Letter Jan 13,2017… “my next targets are $3,000 to $5,000 an ounce. That depends on the folly of the worlds leaders but the end will be tragic. Please understand that GOLD is not rising, the value of our paper money is shrinking by oversupply – supply and demand. There's a cycle in currencies, they move up and then they move down to correct the excesses.”
Neils Christensen, Kitco News…Jan 13, 2017…”GOLD could continue to perform well in next week’s (this week’s) shorted trading week as the “Trump effect” loses momentum ahead of President-elect Donald Trump’s inauguration Friday, according to some analysts.
GOLD was driven to a seven-week high, after investors were disappointed that Trump, in his first press conference since his election win, didn’t provide any new information on his economic and fiscal proposals. GOLD is up almost 5.5% since the start of the year.
‘Trump is turning out to be GOLD’s best friend’, said Ole Hansen, head of commodity strategy at Saxo Bank. ‘We just don’t know anything about his presidency and that uncertainty is playing into GOLD’s hands.’
Darin Newsom, senior analyst at Telvent DTN, is also looking for political uncertainty to support GOLD in the near term as there are still three weeks to go before the next Federal Reserve monetary policy meeting, which is GOLD’s ultimate driver.”
Dean Popplewell, Seeking Alpha…Jan 16, 2017…GOLD prices have edged up overnight (+0.6% to trade at +$1,204.8 an ounce), supported by safe-haven demand due to uncertainty over U.S. policy ahead of President-elect Donald Trump's inauguration and amid concerns over Britain's exit from the E.U. Note: Bullion last Thursday touched a high of +$1,206.98, its best since Nov. 23. Data released on Friday indicates that Hedge funds and money managers (in the week to Jan. 10) have raised their net long position in COMEX gold contracts for the first time in nine-weeks.
Dupont is at the Company’s corporate office to host the AGM tomorrow. He is finalizing details to re-enter one, or two drill holes north of the Kidd mine. That’s mostly about interpretation of the findings & recommendations of the Down Hole IP Geophysics report received late last week. Those discussions are ongoing, but he is anxious to get the drills turning as quickly as possible.
I’m getting a sense that there’s more to the Chester Copper property story yet to unfold. The company is still waiting on lab results for six of the ten holes drilled, and we all experienced the market reaction after the NR last week. At least two of the unreported drill holes were west of those already reported by News Releases. These ‘Step-Out’ holes appear to have the potential to extend the known strike length of the mineralized zone by a significant amount. That would be huge.
With a view to drilling at the PG-101, and at East Bay this year, Dupont is pushing to handle some administrative issues, and complete Geophysics surveys. He’s also in the midst of finalizing an agenda for the upcoming video-teleconference with Teck, which should take place shortly.
(0)
(0)Explor Resources Inc. (EXSFF) Stock Research Links
Scroll down for more posts ▼