Blackrock Gold – A Focus on the new Tonopah Project in Nevada with drills turning
Andrew Pollard, President and CEO of Blackrock Gold (TSX.V:BRC & OTC:BKRRF) kicks off today by outlining the Tonopah West Project that the Company optioned in February. We review the historic work and the historic mining. Then discuss the over 7,000 meter drill program that Blackrock has planned for the remainder of the year.
If you have any follow up questions for Andrew please email me at Fleck@kereport.com.
Click here to read over the recent news releases from Blackrock Gold.
B, the higher quotes lately have been for the active futures contract which is currently August for gold and July for silver…
https://www.investing.com/commodities/real-time-futures
“A commodity’s futures price is based on its current spot price plus the cost of carry during the interim before delivery. Cost of carry refers to the price of storage of the commodity, which includes interest and insurance as well as other incidental expenses.”
https://www.investopedia.com/ask/answers/062315/how-are-commodity-spot-prices-different-futures-prices.asp
Gold supply fears push spot prices far below U.S. futures
https://www.reuters.com/article/us-gold-trading/gold-supply-fears-push-spot-prices-far-below-us-futures-idUSKBN21B2PT
I thought it had sumtin to do with a futures price, wasnt sure tho.
Thx Mathew.
Ive noticed this for a while now on the radio but that never used to happen, they used to report spot.
I wonder why the change.
They probably stopped reporting spot when the two diverged significantly. When the two don’t match, go with the futures price (even if it is lower).
Can someone explain to me why reports of gold at higher prices than spot happen.
Right now for instance “Half Dollar” on silver doc says gold moved above $1800.
I watch gold on live gold and gold spot hasnt gone above 1780(about), I notice the same thing on msm news, gold price reported higher than it is.
What am I missing? Where are these higher prices coming from?