Gold May Advance as Libyan Fighting Fuels Demand

Source: Bloomberg, Nicholas Larkin (3/30/11)

"Crisis in Libya is 'far from over,' and neither is gold's run."

Gold may rise as fighting in Libya and concern about European debt spur demand for an alternative investment.

Libyan rebels' westward advance on Sirte stalled under fire from Muammar Qaddafi's troops. Standard & Poor's yesterday cut credit ratings for Greece and Portugal. Gold futures reached a record $1,448.60 an ounce on March 24 as fighting in Libya, the Japanese nuclear crisis and concerns about European debt boosted demand for a protection of wealth.

"It is certainly the geopolitical factors which are still playing a role," said Peter Fertig, owner of Quantitative Commodity Research Ltd. in Hainburg, Germany. "The situation in Libya is quite open and far from over."

Gold futures for June delivery rose $2.40, or 0.2%, to $1,419.90 an ounce by 12:02 p.m. on the Comex in New York. Prices are little changed this quarter after gaining the previous nine quarters, the best run of gains since at least 1975. The metal for immediate delivery in London was little changed at $1,418.95.

Pro-Qaddafi forces retook control of the oil port of Ras Lanuf, forcing the rebels to abandon their positions and flee east, Agence France-Presse reported, as President Barack Obama said he may consider sending arms to the opposition forces. The fighting in Libya is the most violent seen in more than two months of popular uprisings across the Middle East and North Africa.

Gold Explorer Highlights 2020 Achievements and Outlook
Source: Streetwise Reports (01/29/2021)

Magna Gold Corp.'s CEO Arturo Bonillas issued a letter to shareholders outlining the firm's business and financial accomplishments in 2020 and its strategy and outlook for 2021.

Cabral Gold's channel samples at the JM target provide "further evidence that numerous high-grade veins occur within the Cuiú Cuiú district."

Explorer Completes Phase 2 Metallurgical Work for Palladium-Copper Project
Source: Streetwise Reports (01/28/2021)

Generation Mining intends to wrap up the feasibility study on Marathon this quarter.

Silver Firm Reports Q4/20 Processing, Production Numbers from Mexico Project
Source: Streetwise Reports (01/28/2021)

MAG Silver's joint venture project Juanicipio produced 230,000 ounces of silver during the quarter ended Dec. 31, 2020.

Explorer Reports High-Grade Gold-Silver Intercepts at BC Golden Triangle Property
Source: Streetwise Reports (01/27/2021)

Scottie Resources Corp. advises that the target remains open in most directions.

Golden Arrow Resources Out Exploring Again After COVID-19; Hits High-Grade Gold at Tierra Dorada in Paraguay
Source: The Critical Investor for Streetwise Reports (01/27/2021)

The Critical Investor explains why he believes "investors have an interesting opportunity to invest in a pretty derisked, undervalued and experienced explorer with three chances for success."

Junior Mining Sector 'the Best Value in the Space'
Source: Streetwise Reports (01/27/2021)

The StreetSmart Live! Broadcast on Jan. 26, 2021, focused on metals and why now is a good time for investors to be looking at them and the mining space. John Newell, independent analyst and portfolio manager, and John Feneck, mining sector expert and president of Feneck Consulting, addressed the status of the current metals market. CEOs of the three metals-focused companies comprising the Metallic Group of Companies—Group Ten Metals, Metallic Minerals and Granite Creek Copper—discussed their projects.

Shenanigans Abound: Gold, Silver and Cryptocurrency
Source: Michael Ballanger for Streetwise Reports (01/26/2021)

Sector expert Michael Ballanger explores the generational trends currently shaping investment markets, including the precious metals.

MMT Survey Helps Explorer Identify New Large Target at Ecuador Property
Source: Streetwise Reports (01/26/2021)

Aurania Resources reported that data from an ongoing Mobile MT Survey identified an extensive target at Tsenken at its Lost Cities - Cutucu Project in southeastern Ecuador.