The question on many speculators minds today: what does 2019 have in store for gold and the companies that seek to dig it outta the ground?
Year-end gold deals: Aben (ABN.V), Cabral (CBR.V), Nexus (NXS.V), Rise (RISE.CN), Golden Arrow (GRG.V), Blackrock (BRC.V), Granada (GGM.V) and Lion One (LIO.V)
Gold has asserted itself in recent sessions, popping its head above the $1250.00 level.
The Tapajós region of northern Brazil was once the stage of the biggest gold rush on the planet. Sparked when a child swimming in a local river stumbled upon a six-gram nugget, the area is estimated to have produced somewhere in the neighborhood of 30 million ounces of the precious metal between the mid-1970s and mid-1990s.
The current junior mining landscape might be described as a medieval battlefield at dawn. The battered and beaten remains of countless companies – many of which are good, asset rich entities – lay in smoldering heaps, discarded as rotting refuse.
This Monday has brought big news in the resource sector: Ceylon Graphite (CYL.V) secures DTC eligibility for US shares, Permex Petroleum (OIL.C) earns a high-profile media mention and Nexus Gold (NXS.V) is the subject of a report by a New York consulting firm.
The resource markets used to be more predictable. Seasonal cycles used to hold more sway. Time was, in the junior exploration sector anyway, when the dog days of summer gave way to the cool breezes of autumn, resource stocks firmed up. It was like clockwork – holidaying brokers’ folded up their beach gear, migrated back to the city and put resource stocks back on their client’s radar (I’m thinking back pre-2012 here).
There’s a buzz in the air. It’s coming from the gold exploration arena. All of a sudden too. The market may finally be waking up to the possibility that we have reached the peak of discovery… the possibility that ALL of the juiciest gold deposits on our planet – those boasting both grade and scale – have already been found. The idea is as unsettling as it is intriguing. Though it’s only a theory, it’s one shared by a number of people whose insights into the subject hold a great deal of validity.
We’ve covered the Cabral story fairly extensively here at Equity Guru since it began trading back in November of 2017. An exploration into Cabral Gold’s recent milestones can be discovered here, among several detailed and mildly entertaining articles (emphasis on ‘mild’).
Cabral… Cabral Gold (CBR.V) is laying the foundation for what could become an economic gold deposit, or series of gold deposits. In order to begin laying down the foundation of said project, they were forced to tear down some existing walls.