OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

The TWO previous sites a both  CANADIAN they are where the JR action is

Thanks!

If your looking for an alternative site for JRS try this

http://juniorgoldminerseeker.blogspot.ca/

or THIS  https://ceo.ca/  excellent!

TORONTO (miningweekly.com) – In the wake of stabilising commodity prices led by a gold rally in the first quarter, the Brazilian mining sector is set to play host to increased investment and mergers and acquisitions (M&A) activity. Host to miners such as Yamana Gold and spin-out Brio Gold, Eldorado Gold, Belo Sun Mining, Brazil Resources, Crusader Resources and Anfield Nickel, gold was expected to take much of the limelight in terms of improving investment and M&A activity over the next few years on the back of an improving gold price, according to research firm BMI Research, an affiliate of the Fitch Group Companies.

In its latest ‘Industry Trend Analysis’ sent to Creamer Media’s Mining Weekly Online on Wednesday, BMI had found that much of the activity over the coming quarters would be spurred by major producers looking to sell core assets in a bid to reduce debt loads. “Although Brazil’s gold sector contributes a relatively small proportion to the mining industry value, we expect improving gold prices to spur particular interest in projects in Brazil,” BMI stated. The firm had recently upgraded its target gold price to $1 500/oz by 2020, on the back of increasing inflatory pressure, expecting gold prices to edge higher over the coming months to average $1 275/oz in 2016. According to BMI research, higher gold prices would boost miners’ plans to restart or accelerate development of projects in Brazil. For example, Canada-based Belo Sun Mining had in March received a $4.4-million investment from Sun Valley Gold for an 18.2% stake, and a $4.7-million investment from Agnico Eagle Mines for about a 20% stake. Belo Sun had stated that it would direct the proceeds toward the engineering and development of the Volta Grande gold project, which was suspended in 2013 over an environmental licence delay. Further, on May 9, Yamana Gold announced its $52-million purchase of the Riacho dos Machados gold project, from Carpathian Gold. In the first quarter, Lara Exploration announced plans to acquire the early-stage Serrita and Tocantins gold projects and Anfield Nickel-acquired Magellan Minerals for about $19-million to develop the Coringa gold project.

cont. http://www.miningweekly.com/article/brazil-to-see-increasing-investment-ma-as-mineral-prices-stabilise-2016-06-02

Four active mining companies you should be watching

Thanks for setting me straight. I’m not familiar with those Sprott mining ETFs.

it’s not GDXJ…it’s the newish Sprott miners ETF…SGDM…for the senior miners and SGDJ for the Juniors.

http://www.sprottetfs.com/

Pleasure,

I haven’t done all the maths but in the PM Miner ETF’s, NUGT the 3 times Bull is currently $ 75 …GDX is 22.80…u can buy 3 GDX for well less than 1 NUGT and have no gap problems.

I just checked the Sprott SGDM…that is @ 21.00…3 of those are way less than 1 NUGT !!!!!!!!

Thanks for the reply. Your strategy and mine seem to be about the same. Don’t get off the Bull!

I’ll check out the podcast.

Cheers

PS If China is looking for a huge copper deposit I know where they can find one!

“I have heard that Musk thinks he’s that Ironman bloke in the comic books, made into real life !!!!!”

LOL! That’s friggin hilarious!

Well you know what they say about that fine line between insanity and genius. Elon’s riding that edge!

PS re: GDXJ being safer. I can grokk on that friend. I lost beaucoop on Rubicon as well. Everything was SCHWEET until it wasn’t.

http://www.zerohedge.com/news/2016-06-02/turkey-recalls-ambassador-germany-after-bundestag-acknowledges-armenian-genocide

last year on his real wealth portfolio.  I’m  sitting on all my pm positions even if we have to wait another 6 months.  Edelson and Armstrong are fairly close on the  PM page and Larry is a lot cheaper.   I don’t care  who I subscribed to over the last 20 years they have all been wrong more than once.

I don’t agree with  Larry on his China calls and if I was going to own a copper ETN (like larry does right now) I would own MUX.  That Los Azules copper property is like a lottery ticket for McEwen.

In my opinion, Erik Hadik who trades futures has called the gold side better than most over the last six months.  On his most recent interview he is saying later this year for the PM rise.

http://talkdigitalnetwork.com/2016/05/gold-expected-to-slide-until-late-fall/

I think I have experienced all of what you speak about while I have been dabbling with the etf’s in recent weeks. This is my ‘play money’ to do a little gambling with. I have set aside a portion of my funds to begin to build that core group of miners. Having been out of the markets for a couple years it is tough getting up to speed. Thanks for your guidance.

Now, lets return back to our trading screens and see if the ‘Unseen Hand’ can manage to levitate the DOW back up into green territory. Yesterday was quite the magical act.

I have heard that Musk thinks he’s that Ironman bloke in the comic books, made into real life !!!!!

I think I’ll go and short some Tesla….the man is a fruitcake who got lucky with PayPal.

PS if anyone wants to buy all the Silver in the world, the Scum will sell it at less than $ 16.00/oz,….they will not let it go above….selling everything.

Re Sprott ETF’s….I was referring to the two new ones the Miners and the Junior Miners, of which I have some Juniors…But you are right about the Metal ones and I have those as well, they are the safest by miles, as they really do audit the metal.

The Junior miner one appeals because it has i think over 30 different stocks in it and haveing recently bought Rubi and GPL and then seen Ruby disappear, a basket makes far more sense… and their costs and the bid/offer spread are way down on buying a Mining fund .

Cheers

Elon Musk has said that there is only a “one in billions” chance that we’re not living in a computer simulation.

Our lives are almost certainly being conducted within an artificial world powered by AI and highly-powered computers, like in The Matrix, the Tesla and SpaceX CEO suggested at a tech conference in California.

Mr Musk, who has donated huge amounts of money to research into the dangers of artificial intelligence, said that he hopes his prediction is true because otherwise it means the world will end.

cont. http://www.independent.co.uk/life-style/gadgets-and-tech/news/elon-musk-ai-artificial-intelligence-computer-simulation-gaming-virtual-reality-a7060941.html

Good morning Farmboy

I’m probably not the best person to ask about the ETFs. I prefer to invest in individual stocks. However having said that I don’t think that the stock index’s like GDX have the “decay” feature that most ETFs especially the 3X long or short silver or gold ETFs have. Your investment won’t silently melt away with no move on your part. I would never invest in GLD or SLV. I believe they are a tool of those who manipulate metals prices lower. They are not bound to put investor’s money into actual gold or silver but can buy derivatives (futures) instead. It’s very likely they don’t have the metal that they say they do and when the music stops there’s going to be a lot of crying and gnashing of teeth by those who bought GLD and thought they had a gold investment.

Perhaps others can comment.

Cheers
ipso

PS I agree with what Maddog said. AFAIK the Sprott gold and silver ETFs are a different animal than GLD and SLV and are audited. I believe they are honest. Nothing like metal in the hand however!

Yup…Scum have some work to do in SM….another tell so far is NEM is down pre-mkt, while GDX near flat…looks pressure poss in shares tdy.

As u say rinse and repeat, so CNBC can cheer.

As I thought, NEM getting smashed, down over 3 % on nada !!!

NOVAGOLD Reports Successful Completion of the Public Comment Period for the Donlin Gold Draft Environmental Impact Statement

http://finance.yahoo.com/news/novagold-reports-successful-completion-public-204138128.html

Auryn Resources Options Huilacollo Gold Project and Expands Land Position in Southern Peru

http://finance.yahoo.com/news/auryn-resources-options-huilacollo-gold-110000434.html

Abitibi Royalties Inc.: Rob McEwen to Purchase Additional 439,084 Shares for CDN$2.3 Million Will Increase Ownership to 12.3%

http://finance.yahoo.com/news/abitibi-royalties-inc-rob-mcewen-120000516.html

Reliant Gold and Goldcorp Agree to the Terms of a Proposed Purchase by Goldcorp of Reliant Gold’s 49% Interest in the Borden Lake South JV

http://finance.yahoo.com/news/reliant-gold-goldcorp-agree-terms-125222991.html

Nevada Sunrise receives approval for plan of operations at Golden Arrow, Nevada

http://finance.yahoo.com/news/nevada-sunrise-receives-approval-plan-130000697.html

Tudor Gold Corp. Announces Another New Property Acquisition in Golden Triangle Area, British Columbia

http://finance.yahoo.com/news/tudor-gold-corp-announces-another-131800840.html

Looks like a normal day. PM’s dripped lower into the DOW open. USD flat but yesterday when the USD got beat up pm’s went down – that was the tell.

SM will open down 50 or a 100 and then come right back before the close.

Wash, rinse, repeat.

If I may answer as well The ETF’s that u have to be careful with are the multiple ones, the 2 or 3 times leverage, due to gap openings, as they re-balance the ETF o/n, so if there are gap openings, u don’t get all the Gap and over time that will mean not getting all the move…ie. stock/metal goes up $ 100 on a 3 * u shud get $300 lots of gaps could mean $ 270 etc. Plus all ETF’s have costs, that eat performance to a degree.

On mining ETF’s I am useing the Sprott ones, as I trust them to have what is on the “box”, they are not the most liquid, but that is less a worry than finding out that they only have paper promises etc plus if there is a total meltdown many of the other issuers may not exist, I think Sprott has a much better chance. …also they pay the dividends out annually if there are any.

Oh Yeah…could it be more obvious that scum will not let Silver go above $ 16.00….our Gu’mint at work in the “free world”, or Lloyd doing Gods work…my arse.