Since our last dose of bullish commentary a few sessions back, the precious metal is still consolidating its dramatic gains registered earlier in the summer, but is in the process of testing higher ground, trading near the top of its range.
Close-ology is a mining term used to describe companies that are close to another company that is running red hot, and may justifiably make the case that they can be hot too. For some, like serial ring-staker Ryan Kalt, close-ology is a business model. The moment someone announces they've found something interesting in Dildo, Newfoundland or Punkydoodle Corners, Ontario, Kalt's crew hops on their laptops, busts out the credit card, and register claims all around it, sometimes without ever having walked the land.
Falcon Gold (FG.V), a company we featured in some detail a few months back, has been busy positioning itself in a region known as the High-Grade Gold Capital of the World—the Red Lake Mining Camp of Ontario.
On June 19, 2019, the Federal Open Market Committee (FOMC) concluded a meeting leaving U.S. interest rates unchanged, but signaled their intent to lower rates in the coming months should U.S. economic growth grind to a halt.
The World Gold Council (WGC) – a research and advocacy group based in the UK with branch offices in New York City, Shanghai, Singapore, Mumbai and Beijing – just made an astonishing set of predictions.