We recap the key market moves and news from this week
Marc Chandler, Managing Partner at Bannockburn Global ForEx joins me for a comprehensive recap of the market moves this week that continued to push US and international market to higher levels. A lot was on the back of trade optimism which Trump is trying to pullback after his comments today. Pay attention to Marc comments regarding markets not always following fundamentals.
Click here to visit Marc’s blog and keep up to date on a daily basis.
Very much like Gary Savage who used to be on this site.
http://blog.smartmoneytrackerpremium.com/2019/11/perma-bears-wrong-again.html
SKEENA DELIVERS ROBUST PROJECT ECONOMICS FOR ESKAY CREEK: AFTER-TAX NPV5% OF C$638M, 51% IRR AND 1.2 YEAR PAYBACK
Skeena Resources Ltd. has released the initial preliminary economic assessment completed by Ausenco Engineering Canada Inc., supported by SRK Consulting (Canada) and AGP Mining Consultants, for the Eskay Creek gold-silver project located in the Golden Triangle of British Columbia.
Eskay Creek 2019 PEA highlights:
High-grade open-pit averaging 3.23 grams per tonne gold, 78 g/t silver (4.17 g/t gold equivalent) (diluted);
After-tax net present value, 5 per cent, of $638-million ($491-million (U.S.)) and 51 per cent internal rate of return at $1,325 (U.S.) per ounce Au and $16 (U.S.) per ounce Ag;
After-tax payback period of 1.2 years preproduction capital expenditures of $303-million ($233-million (U.S.));
STRIKEPOINT REPORTS SURFACE ASSAYS UP TO 67.3 G/T GOLD AND 281 G/T AG AT THE WILLOUGHBY PROPERTY
Strikepoint Gold Inc. has released surface results from its mapping and sampling program at its 100-per-cent-owned Willoughby property, located east of Stewart in British Columbia’s prolific Golden Triangle.
StrikePoint CEO, Shawn Khunkhun, states “We are extremely encouraged by the high-grade nature of samples received from newly exposed areas that are right on the margins of melting ice, demonstrating the vast potential of the Willoughby property. We eagerly await the pending 40 meters of channel samples and 6 drill hole assays.”
The company received assay results from 86 grab samples from the 2019 surface program. Assay results range from trace to 67.3 g/t Au and trace to 281 g/t Ag. A total of 18 samples assayed over 1.0 g/t Au.
Samples from the Willoughby nunataq that comprise the North-North, North, Edge, Wilkie, Wilby, Lower & Upper Icefall zones range from 0.07 to 67.3 g/t Au and 2 to 281.00 g/t Ag. The thirty-two samples were collected along installed via Ferrata routes and areas of ice recession, notable area of mineralization around the Wilkie zone, returned 67.3 g/t Au and 164 g/t Ag grab sample.
Forty of these samples are from the Willow zone area, where extensive ice recession occurred to the North. A sampling of the newly exposed ground uncovered massive to semi-massive pyrite-pyrrhotite-galena in veins and replacement-style mineralization. Samples range from 0.07 to 16.5 g/t Au and 2 to 136 g/t Ag.
I recall the last time silver got to about $50, people here were screaming “silver shortage”, the Gurus,Al etc.
I repeatedly posted that was a bunch of hooey.
Now, the guru and others are saying there is no silver shortage(finally being honust or have calculated accurately)
I wonder how that will affect peoples silver buying now that no shortage is recognized.
The only shortage I know of is Blue fin tuna…cant get it in any sushi bars in Van anymore 🙁
Another shortage i can think of , is common sence among politians.
Oh ya! We are so beond that it’s not about the people its ALL ABOUT THE POWER and the future looks UGLY AS HELL. Glad im not a kid.
CORVUS:
Jeffrey Pontius, President and CEO of Corvus, said, “The new deep penetrating geophysical data has outlined an attractive intrusive or sediment hosted target below the large Mother Lode deposit. Corvus believes the potential of this target could spur a new era of exploration for the District as well as impact future
Oh ya! We are so beond that it’s not about the people its ALL ABOUT THE POWER and the future looks UGLY AS HELL. Glad im not a kid..
https://www.armstrongeconomics.com/international-news/politics/what-if-the-unthinkable-could-happen-in-politics/
Heres the facts on tje bull market. I said 4 yrs ago it was going higher for some time and against many calling for meltdowns over and over including Bob Moriarty the forever Bear..lol. Enjoy! https://thetrendletter.com/2019/11/07/where-is-the-euphoria/?utm_medium=email&utm_campaign=Where%20is%20the%20euphria&utm_content=Where%20is%20the%20euphria+CID_86d0260b0faa57a562f7d4bcfce5c205&utm_source=Email%20marketing%20software&utm_term=Read%20post