Gold's Jump Boosts Bullish Commodity Bets

Source: Bloomberg, Debarati Roy and Yi Tian (7/18/11)

"Gold holdings surged the most since September 2009 as prices climbed to a record."

Bloomberg, Debarati Roy and Yi Tian

Funds boosted bets on rising commodity prices by the most in almost a year as traders added gold amid escalating debt crises in the U.S. and Europe.

Speculators raised their net-long positions in 18 commodities by 15% to 1.09 million futures and options contracts in the week ended July 12, government data compiled by Bloomberg show. That's the biggest gain since early August. Gold holdings surged the most since September 2009 as prices climbed to a record. A measure of bullish agriculture bets climbed the most in 11 months.

The Standard & Poor's GSCI Spot Index increased for a third straight week, climbing to a one-month high on July 13. Gold futures climbed for nine straight sessions to July 15, the longest rally since November 2009, on increasing demand for the precious metal from those seeking to protect their investments.

"People have been thinking about where to invest when you are dealing with a situation of high debt in both Europe and the U.S.," John Stephenson, who helps manage $2.6 billion at First Asset Management Inc., said by telephone from Toronto. "People know there is tangible value for metals and commodities. There is a store of value in these products."

Investors invested $5.5 billion in commodity funds in the week ended July 13, the biggest addition since April 6, according to EPFR Global, a Cambridge, Massachusetts-based researcher. Ten of the top 11 funds getting money were gold funds, EPFR said.

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.