U.S. Global Investors Sees Gold Prices Doubling

Source: Reuters (4/5/11)

"Big corrections still possible, but the odds favor a doubling gold price 'unless there is a complete slowdown in the world.'"

Oil is a good short-term bet for another five months due to upcoming peak U.S. summer driving season, while prices in the long-term are likely to double along with gold in five years, said a leading fund manager.

Crude oil prices, which surged to a two-and-a-half-year high above $121 for Brent LCOc1 on Monday, will continue to climb until at least September when the Atlantic hurricane season typically begins, said Frank Holmes, chief executive and chief investment officer of U.S. Global Investors.

U.S. Global Investors is an investment management firm specializing in commodities, emerging markets and infrastructure with around $3 billion in assets.

"You get these trends that can last many months. Right now, we are in a rising trend for oil," Holmes told Reuters on the sidelines of a commodities conference.

"As car season picks up and people are driving more in the U.S., then you see oil prices rise until September, which is the start of the hurricane season. I think between now and then oil will probably be a strong commodity."

He believes that economic growth in emerging markets, especially China and India, will boost the countries' middle class and translate into purchases of cars and homes, which will drive oil and commodities demand.

"In the next five years, oil can double and I think gold can double because 50% of the world's population is growing their money supply by more than 15% a year," Holmes said.

"That doesn't mean you are not going to get big corrections, but the odds favor it unless there is a complete slowdown in the world."

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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.

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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.

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Source: Streetwise Reports (01/27/2021)

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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."

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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.

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Source: Michael Ballanger for Streetwise Reports (01/26/2021)

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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.