Exploring B.C.'s prolific Golden Triangle

Potential Quantity and Grade of Gold Mineralization (1.8 - 1.9 Million Ounces @ 1.12 - 1.35 G/t) at Treaty Creek

Sponsored
AGORACOM NEWS FLASH

BREAKING: Mota Ventures Signs Letter of Intent for Merger with Stillcanna

  • Stillcanna looks to become one of the largest producers of THC-free CBD extracts in Europe
  • Stillcanna's Polish extraction facility, NEXUS, features industrial-scale centrifugal chromatography equipment that allows for the production of bulk THC-free CBD distillate as well as custom Cannabinoid profiles
  • In February 2020, Stillcanna's Romanian extraction facility, ORIGIN, which operates pursuant to a joint venture between Stillcanna and Dragonfly Biosciences Ltd., received approval from the Ministry of Health and the Anti-Drug Agency to become the first government recognized extraction facility in the country
  • To date C$23,000,000 has been invested by Stillcanna in the cultivation and extraction operations,
  • Current cash on hand in Stillcanna of approximately C$7,000,000
  • Stillcanna's CBD extracts are key to unlocking additional value in Mota's retail offerings in Europe
  • Shareholders of Stillcanna would receive one common share of Mota for every 1.8 common shares of Stillcanna held at the time of exchange

Mota large

Hub On AGORACOM / Read Release

 

Message: Industry Bulletin: Focus Gold ETF Holdings Hit New Record Highs in January – WGC

(Kitco News) - January was another big month for the gold market as investors continued to pile into the gold-backed exchange traded products, pushing holdings to new all time-highs, according to the latest report from the World Gold Council.

In a report Thursday, the WGC said that total holdings in global gold ETFs increased by 61 tons, with a value of 3.1 billion.

“Combined with a gold price increase of nearly 5%, assets under management grew 8% in U.S. dollars during the month,” the WGC said in the report.

 The analysts at the WGC said that they expect investment demand in the gold market to remain strong as uncertainty continues to dominate financial markets.

“We expect market risk and economic growth interaction to impact gold prices this year,” the analysts said. “The uncertainty brought about by the coronavirus and its potential impact on public safety and economic growth could be added to the list.”

The analysts noted that growing expectations of looser global monetary policy add to gold’s luster as an alternative asset.

“Central bank expectations have shifted in recent weeks. At the end of 2019 there was a 75% expected probability of a single US rate cut in 2020. Last week, this expectation ballooned to nearly two cuts in 2020. Our research suggests either shift could be beneficial for the price of gold,” the analysts said. “And with over 90% of sovereign debt trading with negative real rates, the opportunity cost of investing in gold has improved.” Looking at regional demand, European gold demand led the way with holdings increasing by 33 tons valued at $1.7 billion, up 2.4% from the previous month.

North American demand increased by 29 tons valued at $1.4 billion, up 1.9% from last month.

Not only are physical holdings at a new record, but the WGC said that the value of assets under management are only 2% off their 2012 record highs.

source: https://www.kitco.com/news/2020-02-06/Gold-backed-ETFs-see-inflows-of-400-tons-in-2019.html

Share
New Message
Please login to post a reply