Gold Junior News Morning 9/13/13

Columbus Gold Forms French Advisory Board Junior Mining Network VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 12, 2013) - Columbus Gold Corporation (TSX VENTURE:CGT) ("Columbus Gold") is pleased to ... See all stories on this topic »
Compass to Dispose of Portfolio of Mali Gold Assets Junior Mining Network Independent Committee supports the disposal of the Company's Mali gold assets and Share Sale Agreement signed. Existing Compass shareholders (as a ... See all stories on this topic »
Gold funds lead the losers of 2013's first half Fundweb Angelos Damaskos' £7.6m MFM Junior Gold fund, which invests in small to mid caps that specialise in gold exploration and mining, was hit by the biggest loss ... See all stories on this topic »
PNG Gold Corporation-29.35 g/tonne Gold and 68.15 g/tonne Silver ... Junior Mining Network VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 12, 2013) - PNG Gold Corporation ("PNG Gold" or the "Company") (TSX VENTURE:PGK) is pleased to ... See all stories on this topic »
San Gold Announces Closing of Private Placement Offering Junior Mining Network WINNIPEG, MANITOBA--(Marketwired - Sept. 12, 2013) - San Gold Corporation (TSX:SGR) (OTCQX:SGRCF) ("San Gold") today announced the closing of its ... See all stories on this topic »
AuRico Gold Provides an Update on the 2013 El Chanate ... Junior Mining Network TORONTO, Sept. 12, 2013 /CNW/ - AuRico Gold Inc. (TSX:AUQ) (NYSE: AUQ), ("AuRico" or the "Company") is pleased to provide an update on its exploration ... See all stories on this topic »
Princeton Copper Gold Drill Program Update Junior Mining Network Anglo Canadian Mining Corp. (TSX-V: URA) (the "Company") is pleased to announce it has completed the first hole of the 2013 drill program at the Company's ... See all stories on this topic »
Banks Island Gold Ltd. Announces Results of AGM Junior Mining Network VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 12, 2013) - Banks Island Gold Ltd. (the "Company") (TSX VENTURE:BOZ) announces the results of ... See all stories on this topic »
Orca Gold Targets Maiden Resource at Galat Sufar South Junior Mining Network VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 12, 2013) - Orca Gold Inc. (TSX VENTURE:ORG) ("Orca" or the "Company") is pleased to report the ... See all stories on this topic »
Sunward Significantly Increases Measured Resources of Both Gold ... Junior Mining Network VANCOUVER, Sept. 12, 2013 /CNW/ - Sunward Resources Ltd. ("Sunward" or the "Company") (TSX: SWD; OTCQX: SNWRF) is pleased to announce that it has ... See all stories on this topic »

It's Starting : They won't Give You Your Gold

The lack of gold inventories is starting to show.

The gold you might have bought by buying the GLD ETF? "...People have tried to get their gold out of that ETF and you just can’t get it.” (Eric King)

The run is on verge of happening—the run on gold NOT a run on the banks.  This is a run around the banks.  The power of the banks is diminishing.  The result of all the lying to the public by those who "control" the world is that they will be ignored as people realize the illusion and the magicians are but fools who used to drive the world and are not being driven.

Stand back.  Accumulate precious metals shares in good companies—always speak to a good proper financial to decide exactly what to do.

Don't wait, start planning to act today.

Read this article: 

People Can’t Get Their Gold Out Of GLD As Inventories Plunge

http://tinyurl.com/NO-GOLD-GONE

On the heels of a viral King World News interview with Singapore fund manager, Grant Williams, where he exposed the fact that GLD is telling customers, “they can’t have the gold,” KWN also reached out to 42-year market veteran John Hathaway to get his take on these dramatic events which have transpired.  Hathaway had a powerful take on what has unfolded and he also spoke about the enormous implications as this massive run on physical gold continues.  Hathaway, of Tocqueville Asset Management L.P., is one of the most respected institutional minds in the world today regarding gold, and his fund was awarded a coveted 5-star rating. 

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Eric King:  “John, I know you have seen today’s interview with Grant Williams, but I don’t think people around the world understand what’s happening with GLD.  People have tried to get their gold out of that ETF and you just can’t get it.”

Hathaway:  “That’s right.  If you are, say, Goldman Sachs or JP Morgan, or one of the big bullion dealers, you can exchange shares for gold.  And it’s just an arbitrage game for the dealers.

But if you are not within that system, and you have 100,000 shares of GLD, it’s like pulling teeth trying to get physical gold out of that ETF....

Gold Junior News Morning 9/12/13

New Regular Feature: Morning News on Junior Gold Companies

Aureus Secures Liberia Gold Project Financing in Tough Market Wall Street Journal Some junior gold miners, however, are still plowing ahead with their investment plans, having secured funding from banks by selling a portion of their future ... See all stories on this topic »
San Gold Announces Board Changes Junior Mining Network WINNIPEG, MANITOBA--(Marketwired - Sept. 11, 2013) - San Gold Corporation (TSX:SGR)(OTCQX:SGRCF) ("San Gold" or the "Company") announced today ... See all stories on this topic »
Silver results enhance new gold discovery on Squid East Property in ... Junior Mining Network Toronto, Ontario. 12 September 2013. Metals Creek Resources Corp. (TSXV: "MEK") is pleased to announce that final assay results for silver have been ... See all stories on this topic »
Soltoro Expands the Gold Potential of the Tecolote Project in Jalisco ... Junior Mining Network TORONTO, ONTARIO--(Marketwired - Sept. 11, 2013) - Soltoro Ltd. (TSX VENTURE:SOL) has received further positive gold and silver assay results from ... See all stories on this topic »
Brigadier Gold Limited Enters Into a Letter Agreement with Santa Fe ... Junior Mining Network TORONTO, ONTARIO--(Marketwired - Sept. 11, 2013) - Brigadier Gold Limited ("Brigadier") (TSX VENTURE:BRG), is pleased to announce that it has entered ... See all stories on this topic »
Gold Miners stay unbeaten by defeating Nickel Barons JuniorHockey.com SUDBURY - The Kirkland Lake Gold Miners rode a pair of two-goal performances from Mathieu Lecompte and Kyle Bishop to help propel them to a 6-4 victory ... See all stories on this topic »
King's Bay Gold Corporation announces the Voting Results from the ... Junior Mining Network September 11th, 2013 - Winnipeg, Manitoba - King's Bay Gold Corporation (TSX.V: KBG) (the "Corporation" or "King's Bay Gold") is pleased to announce the ... See all stories on this topic »
Corvus Gold Step-out Drilling Extends Gold Mineralization West of ... Junior Mining Network VANCOUVER, Sept. 11, 2013 /CNW/ - Corvus Gold Inc. ("Corvus" or the "Company") - (TSX: KOR, OTCQX: CORVF) announces results from two additional ... See all stories on this topic »
Endeavour Silver Drilling Intersects New Silver-Gold Mineralization ... Junior Mining Network VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 11, 2013) - Endeavour Silver Corp. (NYSE:EXK) (TSX:EDR) announced today that exploration drilling ... See all stories on this topic »
Gold Company Backed By Paulson and Baupost Soars 20% Barron's (blog) Gold Company Backed By Paulson and Baupost Soars 20% ... 43% drop in Market Vectors Gold Miners ETF (GDX) and Market Vectors Junior Gold Miners ETF ... See all stories on this topic »

Will Gold Come Back and Will Inflation Drive It?

Everyone (including me), based on the little packages of trailing history that we are, mutters about inflation and gold being its hedge.  We are lead to understand that with inflation we can devalue the debt—that is the benefit we pray for.

Is that what's happening?  Will it be the same as it has always been?  Can it happen?

First up in mind these days is: That's an awful big f'n financial mess the world's financial class has put everyone in.  Next I think: Gold's price sure has been looking like it's being managed.  Then: Are thos etwo linked?  Duh!

The Masters of our universe are the banking class.  What do they claim to master? Money or more correctly fiat currency which is a great tool when your business is the illusion of wealth.

Why would they want gold (increasingly the common man's wealth measure) to muscle in on their territory?  I wouldn't!

But the world is a mess because of debt (which represents how well the banking class actually created wealth—they didn't).  Everytime the economy moves up slightly the 'bank-karma' effect kicks in: no liquidity.  The banks are holding (or should I say withholding) a lot of cash given to them by governments but they are not injecting it into the economies.  Why?  Because they know how bad they made the situation.  The world's economy in truth cannot support the debt and grow.

So how will inflation happen?  Can it?  In order for inflation to occur the economy must be heating up.  I do not see that happening—certainly not for a while.

Debt is the problem.

Do I think gold has peaked and its story is over?

So what is different about the whole economic downturn this time?

One big difference is the financial world is much much larger than it was during the last gold bull market cycle.  The number of people in financial markets, in business dwarfs the human mass involved in the late 70s.

The economic expansion since then has seen a number of third world countries vault to first world status.  In human terms that represents a least a 400% increase active in the world's economy.

Add to that the number of added central banks and the conditions under which they manage individual economies and specifically the currency valuation dance they do together around the debt-bomb musical chairs and you can see how threatened they are by gold....and why they are working so hard to control the gold price.

In my opinion, if inflation drives gold's valuation, we will be waiting for several years(3 to 5) for gold's cycle to head to a more appropriate valuation.   However, given that debt is preventing growth, gold may be used by the same fiat loving banking class to reset the financial baseline.

How?  Well I'm not sure and I am sure they aren't but more on this later.

G

Bottom Formation & Price Painted Gold

The brains trust of gold focused investors, Sprott Assett Management, has produced a lot of clear thinking on the behavior of gold and silver during this financial shamozzel.

Below I have some text from two of their brightest lights—Eric himself and Rick Rule.

Eric deals with the facts of supply tracking and doing the math on published numbers and sees the potential for a huge shortage with the presence of voracious buying from Asia.  Rick points to gold market technical price behavior putting it in historical context.  both men point to the massive potential for equities that survive this bear cycle.

Will we have a massive capitulation this summer?  Maybe.  I would like that to happen.  But will it?  The effort put into creating just that internal questioning is a mark of the success that the operators of this market have had so far.  But we all know they are doing this manipulation, seeking a way out of the hole the financial system has dug itself (initially with greed and then using the government shovel). 

Still watching. Still waiting.  Still ready.

G

Excerpts:

Gold’s Lower Price Is a Ruse: Eric Sprott

By Henry Bonner (hbonner@sprottglobal.com)
Sprott Global Resource Investments Ltd.

"...It was my feeling that during the first quarter of the year, up until April 15^th, there were many signs that there was going to be a shortage of gold. We wrote an article about a year ago, titled ‘Do Western Central Banks have any gold left?’ where we quantified that there’s been probably an extra 2,300 tonnes of demand every year since 2000, and yet gold production has not gone up in that timeframe.”

But instead of a demand squeeze, driving prices higher, gold has declined from nearly $1,700 at the start of the year to lows of around $1,200 now. How could the price decline if there truly was a shortage?

Mr. Sprott continues: “I put the slam down to the people who are short gold – it’s been very well-documented that certain parties had very large short positions in gold. Shorters who were expected to deliver gold that was not deliverable could have created this downdraft in order to cause gold to come into the market.”

“But it totally backfired,” says Mr. Sprott. The sudden drop in price led to extreme levels of demand for physical metal even as “paper gold” sold off heavily, says Mr. Sprott, citing record demand for physical metal, particularly out of India and China. ..."

Read full article here.

Rick Rule: “The Precious Metals Could Sell Off Again”

By Tekoa Da Silva

"...in a couple of prior interviews that you and I did, I said that bear markets ended in capitulation selling but I hadn’t seen that yet. We are now in capitulation. This is the fourth time in my career that I’ve seen capitulation selling and it gets ugly and spasmodic, but this is the beginning of the end. Certainly I believe the precious metals themselves as bullion are oversold, but they could sell off again. That’s not uncommon, a double bottom.

I think if we do get a [stronger] rebound in the precious metals prices, that it will not in the near term pull over to the equities. I think we’re going to get washout selling this summer---absolute capitulation selling. Then you’re going to have a sideways tail in the equities as both the buyers and sellers are exhausted.

The market will certainly bifurcate. The better names will do better but they will only do marginally better. It won’t feel good. But we are setting up the type of recovery that we saw in 2002, 1994, and 1986. This is the way markets work. It’s bear markets like this that cause bull markets and the inverse reaction is a function of the strength of the action.

The depth and severity of this down market cycle, the fact that maybe 700 juniors will go away over the next 12 months, sets the stage for a truly spectacular recovery. Bear markets cause bull markets, and bull markets cause bear markets. >.."

 Read full article here.

The time to begin reporting again has begun: GOLD BULL MARKET RESTART SOON

It seems the wait may soon be over. Hints of rationality are returning even in the face of certain manipulation. The size of the true debt the people of the wealth-side of our world is the largest bond bubble ever. Yet the economy is moving, yay—the truth is there exists no historical precedent no data to review for patterns which might reveal what to do.

The amount of attention each little move, fluctuation and uncertainty receives has never happen before in the history of the human race.  This market moves in ways that are affected by is own movement or, rather, the attention each move in the market affects how the market moves.  Which all means don't mistake the trees for the forest.

G

Here's the article—PS: don't forget to down load the report: ‘In Gold We Trust’

Trusting in Gold - $1,480 in 12 Months, $2,230 Longer Term by Ronni Stoeferle

Ronni Stoeferle, with specialist advisors, Incrementum AG, produces one of the most comprehensive analyses of the global gold market available under the on going title–‘In Gold We Trust’(54pages) (download here).

Stoeferle a believer in gold as a monetary metal rather than as a commodity and notes that gold analysis should be the preserve of those who study monetary matters rather than those who specialize in commodities which is the normal pattern amongst the major financial institutions.

Ronni, is positive on the role of gold and produces some extremely comprehensive analyses of various aspects of the gold market with regard to global economics. Stoeferle notes as follows: o “Even though the consensus is convinced that the gold bull market has ended, we remain firmly of the opinion that the fundamental argument in favor of gold remains intact.

There exists no back-test for the current financial era.

Never before have such enormous monetary policy experiments taken place on a global basis. If there ever was a need for monetary insurance, it is today.’
 


•  “In the course of the recent gold crash, the market has once again demonstrated its tendency to maximize pain. Massive technical damage has been inflicted. We are convinced that repairing the technical picture will take some time. Accordingly $1,480 is our 12- month target.”
   
• Incrementum warns: “As central banks are engaged in the greatest monetary experiment in the history of finance, the current bubble dwarfs all previous financial bubbles by a large amount.
   
• We believe that there are unmistakable signs of an enormous debt bubble – respectively bond bubble.  However, government bonds are still considered to be ‘risk-free’ assets in private and institutional portfolios as well as foreign reserves. This dominant paradigm is absurd, especially in times of structural over indebtedness and negative real interest rates.” This too suggests that some form of insurance against stock and bond market collapse is perhaps essential and gold would very much seem to have the potential to fill this role despite its recent weakness.
  
• Indeed,the fall in the price will, to many believers in gold, make it a better investment than ever for those who may have missed out on the bulk of its 12 year bull run.  
  
  Stoeferle’s 12-month price target...  (Read full article here)

Here's a video from the World Resource Investment Conference 2013 in Vancouver

May 26 and 27