Protests in 18 Nations Drive Gold and Silver Ever Higher

Source: Forbes, Robert Lenzner (4/6/11)

"Today, gold reached a new peak of $1456, silver rose to over $39 and is flirting with $40 an ounce, while the price of Brent rose to a worrisome level of over $121."

There are elections coming in the oil-producing nation of Nigeria next month. Should be good for another up-tick in the "havens" (notice I didn't say safe)—such as precious metals gold, silver and crude oil.

There are also protests of one kind or another taking place against 18 separate governments in the Middle East and Africa. One upshot is that OPEC's spare capacity to produce oil has been reduced by a third, according to MF Global, a commodity futures trading firm that kindly sends me their daily views on the volatile price moves of oil, gold, silver, copper and the like.

Today, gold reached a new peak of $1456, silver rose to over $39 and is flirting with $40 an ounce, while the price of Brent rose to a worrisome level of over $121, playing catch up on the precious metals and the peak last seen in July, 2008.

The share prices of gold equities Anglo Gold Ashanti, Goldcorp, American Barrick, and Freeport McMoran rose more in percentage terms than the price of bullion. This play can't go on forever, but keeps receiving its momentum from geo-political forces, from the upsetting news of violent deaths in North Africa and the Middle East. . .It is like watching old newsreels of the Second World War, and feeling powerless.

It's not exactly what I would call a "haven," a place of refuge. Holding gold and silver and oil is not a place of refuge. It's way of profiting from the lack of a haven in Libya, Yemen, Syria and the rest.

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.