Gold has traded between $1,154 and $1,162 so far today…as of 9:45 am Pacific, bullion is down $3 an ounce at $1,154…Silver is 15 cents lower at $15.97…Copper is up slightly at $2.49…Nickel has eased off to $4.52…Crude Oil is steady at 53.64 while the U.S. Dollar Index is up one-tenth of a point to 102.20…
Traders are awaiting multiple signals for Gold during the upcoming quarter, including the potential impact of big policy shifts in the United States after President-elect Donald Trump moves into the White House January 20th…while Trump’s general direction of tax cuts, deregulation and a heavy emphasis on energy are long-term positive for the economy, the broader equity markets in their current euphoric state could be over-estimating how swiftly Trump’s pro-growth policies actually kick-start an economy that has been restrained and tangled up by excessive taxation and a record amount of regulation for 8 years under Obama…it will take time to sort out the mess, and then of course there’s a large deficit and a massive debt to deal with…once those realities set in, Gold could quickly regain favor…the same traders who could not predict Trump’s victory have been running up the Dow and dumping Gold based on a lot of assumptions they now have about a Trump Presidency, so at least some of their current predictions are likely to be as wildly off-base as many of their pre-election predictions were…
In Today’s Morning Musings…
1. TSX Gold Index update after a nearly 16% move in just 4 sessions…
2. Why Tinka may start to tingle investors as the drill begins to turn in January…
3. Daniel’s Den…5 stocks that are shaping up nicely entering the New Year…
Plus more…click here to read the rest of today’s Morning Musings and all BMR exclusive content, through a risk-free Pro, Gold or Basic package, or login with your username and password…
DBV PP closes today with drill results pending early New Year
Happy New Year All and don’t drink and drive be safe out there
Comment by TheSkipper — December 30, 2016 @ 10:49 am
GGI has been touting about Red Lion news or rumours for about 6 weeks now. Still nothing, and that’s what’s so frustrating about Regoci.
Comment by Dan1 — December 30, 2016 @ 12:08 pm
Abn starting to move also!
Comment by Sameer — December 30, 2016 @ 12:53 pm
DBV – Jon, it has been a while since you broke the news on Chad Day being suspended. I have not seen an update since you first motioned this. Is it possible to get further details on this since DBV had a banner day today … It’s been a long time coming. Thanks
Comment by vepper — December 30, 2016 @ 4:47 pm
Your New Year’s wish is coming very soon, Vepper…stay tuned!
Comment by Jon - BMR — December 30, 2016 @ 4:52 pm
:), Thanks Jon.
Comment by vepper — December 30, 2016 @ 4:55 pm
Dan1
GGI did release news today…
Comment by Greg — December 30, 2016 @ 6:11 pm
Jon
You mentioned an interview with CXO Adam ?
Coming next week?
Also I’m really looking forward to the interview with GGI/ Makela?
How soon will that happen?
Happy New Year to you and everyone else at BMR and all the subscribers!
May we all have a prosperous 2017!!
Comment by Greg — December 30, 2016 @ 6:15 pm
Nice to get an update from GGI on their BC properties. Now maybe, just maybe they will provide an update on their Mexico properties. OK, I am dreaming now. Not too much dilution with the private placement.
Comment by Danny — December 30, 2016 @ 6:26 pm
Ggi – drilling on a property that wasn’t on anyone’s radar till now while we still wait for Mexico, psp,etc
Nice. SID finally gets out of the bag as well. Almost 10 projects now
Comment by david — December 30, 2016 @ 6:30 pm
typical ggi news out when nobody watching thanks steve ya clown big sell Monday morning
Comment by bcguy — December 30, 2016 @ 6:46 pm
First off, bcguy, there is no trading Monday. Second, Trump was called a clown by many and finished first. Regoci has a strategy, no matter how unorthodox you may think it is, so watch how this all plays out. He’s smarter than you think. Like I suggested earlier, I believe today was a “scene-setter” and the timing of this potpourri of good news, wrapped into one release, was no accident.
Comment by Jon - BMR — December 30, 2016 @ 7:39 pm
Hi Greg, Adam was on the ski hill today but offered to do the interview anyway (he’s always extremely accommodating) in the afternoon. I decided to let him just enjoy his well deserved time off and I scheduled instead for Tues. am. We’ll likely run the first part Wed. am. Makela/Goldie on deck shortly, within the first two weeks of January.
Comment by Jon - BMR — December 30, 2016 @ 7:50 pm
Happy New Year to everyone.
GGI – Jon’s point is well taken and I believe correct in the scene-setter. I like to call it setting the table. I see some impatience here and not enough DD done. I see some do not understand why after market close and all in one news release. The market gets tired of individual but often news releases without a lot of meat in each one. there are subtle hints given about all that is going on. This is how I view it and I think GGI comes out of the shell soon.
happy New Year to the BMR team.
Comment by dave — December 30, 2016 @ 7:54 pm
dave, agree with your comments. I don’t think it makes much difference whether they release news Friday afternoon or Tuesday morning, the people following the company will notice and act accordingly. They should provide an update on Mexico though. Glad I re-established my position here.
Comment by Danny — December 30, 2016 @ 8:21 pm
hope your right Dave had this dog 4 years plus.
Comment by bcguy — December 30, 2016 @ 8:30 pm
Thanks Jon for the interview updates January could be a lot of fun..
Comment by greg — December 30, 2016 @ 8:32 pm
GGI – Despite my impatience I am truly impressed with the NR. GGI has some outstanding properties and either one of them could be a game changer. The E&L of course speaks for itself. Don’t underestimate the zinc, copper, cobalt find 2.7 km NE of E&L that was previously covered by glaciers. Then there is the Red Lion which there is a parallel chargebility high to the cu/gold soil anomaly, actually there are 2 parallel highs with some impressive copper, gold and cobalt samples.
What has me really intrigued is the target at Tora Tora. There is a prominent circular magnetic anomaly the may represent a buried intrusive body of mineralization that has never been drill tested. It sits not that far from a drill hole that resulted in over 100 meters of good copper, gold and silver grades. This one will be drill tested early in the New Year. Although GGI didn’t give a specific drill date early to me means January or February. They have many irons in the fire to keep the interest going most of 2017. I would also like an update on Mexico but guess we will have to wait. The one statement I took particular attention to was that they were examining all options to effectively unlock shareholder value in 2017. To me this may mean a partnership with a major, especially to advance the Red Lion project. The E&L they know exactly where to drill with Makela on board so that one I believe will be 100% GGI’s project. The Red Lion on the other hand may require some help from a major. My opinion of course.
Comment by Dan1 — December 31, 2016 @ 7:17 am
Happy New Year everyone! Markets re-open Tuesday – we’ll have postings later today and again tomorrow in advance of the first trading day of 2017 on Tuesday.
Comment by Jon - BMR — January 1, 2017 @ 8:21 am