Mining Review 11th Sep. 2022
The world mourned the loss of Queen Elizabeth 2, due to her sad death after 70 years of loyal service to the UK and Commonwealth of nations.
This was the week that the market finally accepted the September rate hike will be hawkish, took it in its stride, and gold, metals, bonds, crypto, and equities rode up whilst the dollar fell slightly.
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Rest In Peace Ma’am
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.Mining Review 11th Sep. 2022
The world mourned the loss of Queen Elizabeth 2, due to her sad death after 70 years of loyal service to the UK and Commonwealth of nations.
This was the week that the market finally accepted the September rate hike will be hawkish, took it in its stride, and gold, metals, bonds crypto, and equities rode up whilst the dollar fell slightly.
Yes this was the week the tide turned and the inevitable interest rate rise of probably .75% resulted in the dollar falling and everything else that would normally fall going up!
The yield curve, a usually reliable recession warning indicator, inverted more, not a good sign.
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Companies on our watchlist reporting news last week;
Nothing of any great significance reported this week, Orla Mining and Wesdome Gold rose strongly.
We started to follow ASX listed Pacgold (PGO), and they immediately brought out some “spectacular” drill results which sent the stock 20% higher.
Pacgold is an early stage gold exploration company based in North Queensland, Australia, and has an experienced management team.
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Other news this week included;
Newcore Gold Began a 5,000 m Drill Program at Enchi
Pacgold Report Spectacular Visible Gold
Rokmaster Confirmed 96.8% Gold Recovery from testing
O3 Mining Completes the PFS Study For Marban
Pacgold added to Early Stage Companies Watchlist
Argosy Minerals Rincon Li2CO3 Update
Mining Review Sunday Update 4th September 2022
Pacgold Alice River drilling 11th August 2022
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Market Data
Weekly Price changes (US$ unless stated)
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| Gold price in UK £ | 1481 | -0.47% |
| Gold | 1716 | +0.23% |
| Silver | 18.81 | +4.15% |
| Palladium | 2176 | +7.46% |
| Platinum | 883.85 | +5.35% |
| Rhodium | 15200 | +10.14% |
| Copper | 3.59 | +5.90% |
| Nickel | 9.71 | +4.30% |
| Zinc | 1.45 | -3.33% |
| Tin | 9.84 | +0.31% |
| Cobalt | 23.26 | 0.00% |
| Manganese | 2.98 | -4.79% |
| Lithium | 69674 | +0.92% |
| Uranium | 51.95 | -2.90% |
| Iron Ore | 99.8 | +4.61% |
| Coking Coal | 265 | -7.02% |
| Thermal coal | 312 | 0.00% |
| Magnesium | 3667 | -4.68% |
| Lumber | 509 | +3.08% |
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.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com
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City Investors Circle is based in the financial district in the City of London
We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.
Our audience is selected and invited individually to ensure interest and relevance for the presenting company.
Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.
We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.
If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com
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This website is not sponsored, we are truly independent, and will always remain so.
Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.
All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.
These articles are for awareness and informational purposes only, and are not recommendations in any form. Always consult an investment professional.
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Disclosure
At the time of writing the author holds shares in Argosy Minerals, Newcore Gold, and O3 Mining, bought in the market at the prevailing price on the days of purchase.
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