Category: Precious Metals

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Precious Metals

MILES FRANKLIN | Eccles Prison Blues—The Big Squeeze

Gary Christenson, Contributing Writer For Miles Franklin
Eccles Prison Blues—The Big Squeeze
Miles Franklin sponsored this article by Gary Christenson, the deviant investor.
Johnny Cash sang “Folsom Prison Blues” in 1957. The first verse is:
I hear the train a comin’
It’s rollin’ round the bend,
And I ain’t seen the sunshine
Since I don’t know when.
I’m stuck in Folsom Prison
And time keeps draggin’ on
But that train keeps a rollin’
On down to San Antone.
The Federal Reserve operates from The Eccles Building in D.C. Regarding the Fed I suggest changing “Folsom Prison Blues” to “Eccles Prison Blues.”
I see the crash a coming
It’s approaching like the wind,
And I ain’t seen real money
Since I don’t know when.
We’re stuck in Eccles prison
Their printing scam is moving on,
But the crash is a coming
And a financial reset will dawn.
What prison?
One hundred years ago certificates backed by gold and silver as well as gold and silver coins circulated as real money. Sadly, today’s currencies are debts issued by central banks, not real money. The Fed (U.S. central bank) issues Federal Reserve Notes—debts of the Federal Reserve. These notes – we call them dollar bills—circulate along with digital dollars as currency (funny money). Nothing but faith, confidence, and the ability of the US government to tax its citizens backs these notes.
Their game, their rules. You can’t buy milk at Wal-Mart with Silver Eagles. They want you to use a credit card and increase your indebtedness to a bank. That bank takes a slice out of your transaction, plus they charge interest on the Federal Reserve Notes you must repay to the bank.
Their game, their rules. We are stuck in their debt-based fiat currency system. Fiat money apologists spout the nonsense that not enough gold exists to back these digital currencies because governments, commercial banks and central banks have created excessive debt. They pumped too many digital Federal Reserve Notes into economic circulation and pushed prices higher. The Federal Reserve makes the rules, and they want the price of gold to remain low and not parallel the rise in the number of currency units.
But there is trouble inside Eccles Prison. Those extra dollars were created from nothing and are backed by nothing. Funny money isn’t real like gold and silver, and it devalues. For over 100 years the government and banking cartel have devalued the dollar. Our mini-dollar today buys what a penny or two purchased before congress accepted payoffs to pass the Federal Reserve legislation.
Why devaluation? The political and financial elite prefer fiat currencies they control and print. They increase their wealth while the rest of us… you know the drill. (They get the gold, you pay the debts.)
Rules in the Eccles Prison: We must use their “funny money” as currency. We are stuck with continual devaluation of the currency. We pretend funny money is a store of value, which history contradicts.
Our dollars shrink in buying power. Can you imagine the chaos if measuring units shrunk like dollars? A man stood six feet tall in 1971, but today he stands 27 feet tall. A baseball home run traveled 450 feet, but today’s slugger can blast a home run over 3,000 feet. Chaos!
Yet inside the Eccles Prison we accept this nonsense. As in Chicago politics, “The fix is in.” The banking cartel owns or rents most members of congress. After receiving the necessary political “contributions” legislators guarantee banking profits.
However, a major crisis might threaten banker profits. Expect a bail-out or bail-in from the Fed, the government, and citizens. Yes, citizens protect banker profits. Really? The interest paid on your savings nearly dropped to zero, but did the banking cartel lower the interest rate on your credit card balances? Whose tax dollars pay interest on the national debt? Depositor funds are legal liabilities of the bank, not your assets.
Stuck in Eccles Prison… The Fed controls interest rates, which have been close to zero since the crisis ten years ago. So what?
When interest rates are low mal-investments expand, corporations borrow $trillions and buy back their stocks. It boosts share prices and CEO compensation.
General Motors bought back $13.9 billion of their stock instead of improving their business operations, and now they are closing plants. General Electric bought back $40 billion and is in financial trouble. The banking cartel created $trillions from thin air, but they demand debts be repaid with Federal Reserve Notes extracted from corporate profits and individual income.
When interest rates rise, the debt service expands and profits fall. The big squeeze begins.
Will GE and GM survive without government bailouts? I don’t know, but they would have been more viable without the massive debts they accumulated to buy back their stocks.The Fed enabled these and many other bad decisions by creating inexpensive interest rates. Debtors are stuck in Eccles Prison.
The U.S. government owes national debt of $21.7 trillion. The Fed enabled the Treasury to sell bonds that increased government debt to unsustainable levels. The Treasury is also stuck in Eccles Prison.
SO WHAT?
Criminals may be stuck in Folsom Prison, as we are locked in Eccles Prison, but we can prosper despite the restrictions imposed by the Federal Reserve “funny money” system.
HOW DO WE PROSPER DESPITE THE RESTRICTIONS IMPOSED BY THE ECCLES PRISON GUARDS?
1)  Recognize their scam for what it is—a means of extracting wealth from the populace and transferring that wealth to the financial and political elite.
2)  Recognize that unbacked fiat funny money systems end in disaster. The powers-that-be can’t resist over-printing… and the value of the currency eventually drops to zero. History shows hundreds of examples. A future list of failed currencies will include dollars and pounds.
3)  Global debt of $250 trillion will be extinguished with defaults and hyper-inflation. Central bankers will sacrifice the dollar rather than the bond market. Expect hyper-inflation someday.
4)  Gold and silver have held their value for several millennia. They were valuable long before bankers conjured central banks into our world.
5)  Central banks have created dollars, euros, yen, and pounds by the trillions. When currencies fail, gold and silver will remain.
6)  Silver prices have been pounded lower since 2011, while stocks have been levitated with easy money created from nothing by the banking cartel. Stocks are now correcting lower and silver will – someday – correct much higher. Slowly, then rapidly…
From Alasdair Macleod:
“Any attempt to rescue the finances of the U.S. government, banks and businesses by printing money [fiat dollars] will simply provide more fuel for the inflationary fire, but it is hard to see that there can be any other material response by the Fed.”
CONCLUSIONS:
1)  Expect defaults and hyper-inflation.
2)  Expect ongoing devaluation of fiat currencies… slowly for now, then rapidly.
3)  Buy silver and gold. They are insurance and protection.
Miles Franklin sells silver. Call them at 1-800-822-8080 and tell them you agree with the Deviant Investor about silver. Your price will not change, but I might receive a benefit if you give my name as your reference.
If you have questions or comments, email me: deviantinvestor “at” gmail.com.
Hunter Riley III, Contributing Writer For Miles Franklin
A Platinum Blonde On The Gold Coast
I’m a gold and silver dude.
Mostly.
But for the first time ever, I went behind their backs and bought a different kind of precious metal.
I’ll get into what kind of metal in a moment.
As you know, I’m from the Second City.
Chicago.
Chicago is broken up into all these tiny little neighborhoods.
One of my favorite neighborhoods in Chicago is called “The Gold Coast”.
Chicago’s Gold Coast has been home to big mansions and the well heeled since the great Chicago fire of 1871. The Gold Coast really earned its reputation in the 1950’s and 60’s when guys like Sinatra and Hugh Hefner ran wild across the town.
Sinatra loved to stay at either the Ambassador East or the Drake Hotel. He’d hit dinner spots like the Pump Room, Twin Anchors, Rosebud or Mister Kelleys (now known as Gibsons). I personally love the Drake Hotel. On top of their bar, you can see where Joe Dimaggio and Marilyn Monroe carved their initials into the woodwork one drunken night.
Just down the street from the Ambassador East Hotel, Hugh Hefner started the original Playboy Mansion at 1340 N. State Street.
These dudes are gone now but their ghosts can still be felt on the Gold Coast.
People still flock to fill the legendary spots like Gibsons, Rosebud and Tavern On Rush.
Each of these restaurants have spectacular outdoor patios that line the Lambo filled streets of the Gold Coast in the Chicago summertime. It is definitely a place to see and be seen.
This last summer, I was dating a girl named Danika.
We hung out in the Gold Coast.
As we would walk past the outdoor patios on our way to dinner, I always felt this strange sensation.
Like everything I was doing was being watched intently. It was the weirdest sensation.
And then one day I figured it out.
I wasn’t being watched, I was getting hit by friendly watching fire because of who I was walking with.
You see, Danika is tall and has platinum blonde hair. (No pic sorry hahaha).
Wherever she goes, people watch and pay attention.
It is incredible.
She is on a magic bus ride in life that very few of us mere mortals can comprehend.
But whatever.
That’s not the point.
What this made me think of was it may be a sign that even though I’ve been a gold and silver guy all my life, it was now time to pay a little attention to platinum.
Not the blonde.
I’m talking about the precious metal platinum.
There is a lot of talk in the precious metals niche right now about the gold silver ratio and how inexpensive silver is when compared to gold historically speaking.
This is legit talk. Read my previous article called The Great Gold Silver Swap of 2018 if you want to dig in to the current gold silver ratio.
What there isn’t a lot of talk about is the current platinum gold ratio and how we are seeing somewhat historically cheap platinum prices.
Today’s gold spot price came in around $1220.
Today’s platinum spot price checked in around $840.
So gold is about $400 more expensive than platinum.
The neat thing is that since 1971, on average, platinum is about 25% more expensive than gold.
So with that number in mind, you would see platinum priced around $1580 an ounce to get back to the historical average.
I know many of you are swapping some of your gold for silver right now and maybe it is time to start swapping some gold for platinum too.
Can Platinum Go Any Lower?
The platinum experts I’ve spoken to say the metal is just about trading at the cost of production right now. If it uncharacteristically goes to the lows of the 2008 or 2004 crashes which would be around $750, then many mines will close and the price will rise again due to scarcity.
Never say never but to me it doesn’t seem like there is much downside to platinum right now. I guess gold could crash which would bring the platinum gold ratio back to the average but that also seems unlikely.
What Is Platinum Used For?
Platinum is used in both industry and investing.
Around 35% of all platinum mined each year is used for jewelry or investment.
The other 65% is used up by industry to make medical, electrical, chemical and automotive components like catalytic converters. The automotive industry actually uses about 40% of all platinum mined.
Sounds Good, But What Happens To Platinum During A Financial Market Crash?
Yes, the apex predator and biggest safe haven in financial panics is gold, but if gold is a wolf, platinum is a coyote. In past times of financial distress, platinum has followed gold’s lead as a safe haven asset that tends to be hoarded. The technicals of platinum and gold also are similar but since platinum is a smaller market, it is usually more volatile and makes bigger moves.
So Am I Swapping Some Of My Gold For Platinum?
Not a ton, but a little bit.
With the platinum gold ratio being so much in platinum’s favor right now it just makes sense to me. When the platinum I buy right now reverts back and becomes more expensive in relation to gold, I’ll probably sell it to increase the size of my gold stack.
Where can you get platinum?
Call them at 1-800-822-8080 and tell them world famous Hunter Riley III told you it’s time to go platinum for a little while. They can get you the precious metal, not the blonde.
If you’re looking for a platinum blonde instead, I suggest getting a table outside at Tavern On Rush on the Gold Coast in Chicago on a Sunday afternoon in June.
It is getting cold in Chicago.
Snow is falling as I write this.
Almost time to head south for the winter.
That Sunday in June sure seems a long way off.
Maybe I’ll see you there.
Hunter Riley III
Chicago, IL
Winter 2018
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About Miles Franklin
Miles Franklin was founded in January, 1990 by David MILES Schectman. David’s son, Andy Schectman, our CEO, joined Miles Franklin in 1991. Miles Franklin’s primary focus from 1990 through 1998 was the Swiss Annuity and we were one of the two top firms in the industry. In November, 2000, we decided to de-emphasize our focus on off-shore investing and moved primarily into gold and silver, which we felt were about to enter into a long-term bull market cycle. Our timing and our new direction proved to be the right thing to do.
We are rated A+ by the BBB with zero complaints on our record. We are recommended by many prominent newsletter writers including Doug Casey, Jim Sinclair, David Morgan, Future Money Trends and the SGT Report.
For your protection, we are licensed, regulated, bonded and background checked per Minnesota State law.
Miles Franklin
801 Twelve Oaks Center Drive
Suite 834
Wayzata, MN 55391
1-800-822-8080
Copyright © 2018. All Rights Reserved.
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Precious Metals

JUNIOR MINING | Metallic Minerals Identifies Multiple Kilometer-Long Soil Anomalies at McKay Hill Project in Yukon Territory

December 4th, 2018, Vancouver, B.C., Metallic Minerals Corp. (TSX-V: MMG; US OTC: MMNGF) (“Metallic” or the “Company”) is pleased to announce initial results from the 2018 exploration program conducted at its 100% owned McKay Hill Project, located 50 km north of the historic Keno Hill Silver District, and adjacent to ATAC’s Rackla Property, in the Yukon Territory. Highlights include the outline of six areas of highly elevated silver, lead, zinc, copper and gold in soils of 1 to 1.5 km in length that remain open to further expansion.

Soil sampling was conducted as part of the McKay Hill Project exploration program in 2018 in order to expand the previously limited sampling. The soils program covered an area approximately 3 km long by 1.5 km wide with samples collected at approximately 50 m spacing.

Figure 1 – Soil Assay Contours (Silver Equivalent)

Within this 3 km long area are six discrete zones of elevated soil values, consistently registering between 2 g/t to 200 g/t Ag Eq. (yellow to magenta colours) that correspond with the target areas previously identified through mapping and rock sampling, expanding these areas with more continuous coverage where outcrop exposure is limited on the property (see Figure 1). These large areas of highly elevated metals in soils support the potential for significant scale mineralized systems in the bedrock below. The soil anomalies defined both by their strong tenor and large areal extent coincide spatially with both the historic and the new vein exposures that together outline the Central Zone and five additional newly defined target areas.

McKay Hill Central Zone

The Central Zone was the focus of historic exploration and high-grade production in the 1940s from a small area of the No. 6 Vein Corridor. The 2018 soil sampling grid was designed to expand on previous sampling that showed elevated metals in soils along the main Central Zone ridge, where most of the previously known mineralized exposures had been identified. When viewed in the context of the area’s geology, the new results from the 2018 sampling highlight that the Central Zone is one of a series of roughly 1 to 1.5 km long, east-west to northeast trending zones of mineralization on the property. The mapped mineralized structures in the Central Zone consist of: 1) thick, sub-vertical, sulfide-bearing quartz veins in three predominant orientations striking north-south, east-west and north-east; and 2) numerous parallel massive sulfide veins up to 2 m wide typically striking north-easterly with a sub-vertical dip. Together these vein sets generate the large, property-scale soil anomaly that is open in multiple directions and will be the subject of additional sampling work in future programs.

Other Target Areas at the McKay Hill Project

In addition to the significant expansion of the main Central Zone, systematic exploration on the McKay Hill Project over the last two years has also identified and refined six additional surrounding target zones: West McKay, Falls, Bella, Red, Snowdrift and Independence (Figure 1).

The West McKay anomaly appears to be a significant parallel zone to the Central Zone and contains some of the highest soil grades from the survey, coinciding with several newly-defined sulfide-bearing quartz veins that were located in 2018 and that have similar orientations as the vein structures seen in the Central Zone. The Red, Falls, Bella and Independence zone grids are also open to expansion in several directions and additional follow up sampling will be planned in future programs to determine the extent of the open soil anomalies and to provide expanded coverage. To date, Metallic has identified 37 vein structures at the McKay Hill Project, 18 of which were identified during the 2018 field program.

Metallic’s CEO and Chairman, Greg Johnson states, ”We are very pleased with the these initial results from the 2018 McKay Hill Project work that are outlining a number of significant mineralized systems of scale. These metal in soil anomalies, coupled with the historic and newly discovered high-grade vein occurrences only cover a portion of the McKay Hill Project but support the potential for a district scale system that is significantly larger than previously recognized. The tenor and scale of the surface anomalies indicate potential for broad zones of high-grade mineralization that warrant further investigation through additional surface sampling work and drill testing. With the successful exploration program at the McKay Hill Project, new claims have been staked to cover additional prospective ground and planning for the 2019 work program is underway. Additional results from rock sampling and initial trenching at the McKay Hill Project are pending and are expected in the coming weeks. We also anticipate providing a project update and results from our advanced Keno Silver Project in the Keno Hill Silver District.”

About the McKay Hill Project

The 100% owned McKay Hill Project covers 44 km2 within a belt of silver-lead-zinc related deposits that stretch from the Alaska border to the southern part of the Yukon and includes the famous Keno Hill Silver District, approximately 50 km to the south. McKay Hill is a historic high-grade producer that shows potential to host a significant district scale vein system similar to Keno Hill but that have seen very limited modern exploration. McKay Hill was discovered and initially explored in the 1920s with selective mining in the 1940s producing 143 tonnes of high-grade material from the No. 6 Vein Corridor area, grading 390.8 g/t Ag and 74.1% Pb.1

1Geological and Geochemical Evaluation Report on the McKay Hill Project, Jean Pautler, P.Geo. JP Exploration Services Inc., 2009

About Metallic Minerals Corp.

Metallic Minerals Corp. is a growth-stage exploration company focused on the acquisition and development of high-grade silver and gold in the Yukon within under-explored districts with potential to produce top-tier assets. Our objective is to create value through a disciplined, systematic approach to exploration, reducing investment risk and maximizing probability of long-term success. Our core Keno Silver Project is located in the historic Keno Hill Silver District of Canada’s Yukon Territory, a region with over 300 million ounces of past production and current high-grade silver resources. The Company’s McKay Hill Project, northeast of Keno Hill, is a high-grade historic silver-gold producer. Metallic Minerals is also building a portfolio of gold royalties in the Klondike Gold District. Metallic Minerals is led by a team with a track record of discovery and exploration success, including large scale development, permitting and project financing.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Website: www.metallic-minerals.com

Email: chris.ackerman@metallic-minerals.com
Phone: 604-629-7800

Toll Free: 1-888-570-4420

Quality Assurance / Quality Control

All samples were assayed by 36 Element Aqua Regia Digestion ICP-MS methods at Bureau Veritas labs in Vancouver. Analytical work in 2017 was done by Bureau Veritas Commodities Canada Ltd. with sample preparation in Whitehorse, Yukon and geochemical analysis in Vancouver, British Columbia. Each rock (grab) sample was analyzed for 36 elements using an Aqua Regia digestion with inductively coupled plasma-atomic emission spectroscopy (ICP-AES) and inductively coupled Plasma-mass spectrometry (ICP-MS) (AQ202). Samples with over limit silver and gold were re-analyzed using a 30-gram fire assay fusion with a gravimetric finish (FA530-Ag, Au). Over-limit lead and zinc samples were analyzed by multi-acid digestion and atomic absorption spectrometry (MA404) or titration (GC516, GC8917). All results have passed the QAQC screening by the lab.

Qualified Person

Scott Petsel, P.Geo, Vice President, Exploration and an employee of Metallic Minerals Corp., is a Qualified Person as defined by National Instrument 43-101. Mr. Petsel has reviewed the scientific and technical information in this news release and approves the disclosure contained herein. Mr. Petsel has reviewed the results of the sampling program and confirmed that all procedures, protocols and methodologies used in the drill program conform to industry standards.

Forward-Looking Statements

Forward Looking Statements: This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production, estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, and future plans and objectives of the company are forward-looking statements that involve various risks and uncertainties. Although Metallic Minerals believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more information on Metallic Minerals and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Categories
Precious Metals

JUNIOR MINING | Minera Alamos Provides Year-End Development Update for Santana Gold Project, Sonora, Mexico

Toronto, Ontario and Vancouver, British Columbia–(Newsfile Corp. – December 4, 2018) – Minera Alamos Inc. (TSXV: MAI) (“Minera Alamos” or the “Company”) is pleased to provide an update of its 2018 development activities at the Santana gold project located in Sonora, Mexico. Since the project was acquired as part of the merger completed in April this year with Corex Gold, the Company has aggressively advanced the Santana project.

“As the year draws to a close the Minera Alamos team has made excellent progress at Santana in anticipation of what we expect to be our first commercial mine in 2019. The consistent recovered grade from the bulk test work at Nicho Norte coupled with low cyanide consumption suggests the potential for a robust open-pit, heap-leach operation. As a result, discussions with mining contractors have been initiated in anticipation of approval of our commercial permit applications and making a final construction decision,” stated Minera Alamos President Doug Ramshaw. “The recent approvals of the Company’s permit applications at the La Fortuna gold project exemplify a core competency of our team and its experience of working within the permitting environment in Mexico. We expect that these efforts will be equally successful at the Company’s Santana project and look forward to providing our shareholders with the news of those permits in near future.”

Test Mining and Mine Development Activities

  • Over 50,000 t of mineralized material was mined from Nicho Norte and heap leach tested to evaluate grades, recoveries, reagent consumptions and the impact of crush size.
  • Cumulative overall gold production from the test mining now totals 1,040 oz and represents a recoverable gold grade approaching 0.65 g/t Au.
  • Crush sizes for the various leach test phases varied from coarse crushing (<3″) to fine crushing (<1.2-5/8′) and agglomeration. Ultimate gold recoveries from all tests were excellent and consistent with the overall cumulative average. Crush size will ultimately be fine tuned to maximize future profitability at a proposed commercial scale.
  • While the use of fine crushing/agglomeration appears to improve the gold leach kinetics, ultimate recoveries remained similar to those achieved leaching coarse material.
  • Cumulative reagent consumptions for the bulk test are low amounting to <0.20 kg/t for both cyanide and lime.
  • The application for commercial-scale operating permits was submitted (see news release dated July 26th 2018), and the Company anticipates positive notification in the near future.

Leaching from the test pad is winding down; however, the Company is still recovering residual gold and has recently shipped additional gold in concentrate totaling approximately 150 oz. One final shipment is anticipated as this residual leaching draws to a close.

Exploration Successes

  • A successful Phase 1 drill program yielded positive results from the Nicho Main area including 127.0 m of 0.81 g/t Au, 80.4 m of 1.05 g/t Au and 93.5 m of 0.65 g/t Au with mineralization extending from/near surface (see news releases dated October 11th2018, October 17th 2018 and October 25th 2018).
  • The Phase 1 drill program resulted in the discovery of the Divisadero porphyry target located approximately 200 m north of the Nicho Norte zone, returning 95.7 m of 0.85 g/t Au, 9.8 g/t Ag and 0.33% Cu. Mapping and sampling has outlined a mineralized surface expression in excess of 200m x 300m (see news releases dated October 25th2018 and November 15th 2018).
  • The Phase 2 drilling program will commence shortly to follow up on new discoveries made at Santana.

Ongoing Activities

As the Company awaits notification of its commercial-scale operation permit it has been active in developing strategy for a rapid shift to development and construction of a new mine including:

  • Contract negotiations with mining contractors
  • Water well drilling planning
  • Updating of the geological models based on results from Phase 1 drilling
  • Phase 2 drill program to follow up on recent discoveries

All these activities will contribute to a formal construction decision the Company anticipates making in the first quarter of 2019.

Figure 1 – Santana proposed gold heap leach operations site arrangement

Cannot view this image? Visit: http://media.zenfs.com/en-US/homerun/newsfile_64/4adba83cfd60b71b45192f8664e2bf18
Cannot view this image? Visit: http://media.zenfs.com/en-US/homerun/newsfile_64/4adba83cfd60b71b45192f8664e2bf18

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4183/41438_86a843ece4fc7926_002full.jpg

Note: The Company is not basing any production decision on a feasibility study of mineral reserves demonstrating economic and technical viability. Minera Alamos acknowledges and advises there is increased uncertainty and that there are specific economic and technical risks of failure associated with any production decision. The Company believes the historic experience and track record of senior management with gold heap leaching and by advancing in careful prudent steps helps ameliorate possible technical risks.

For Further Information Please Contact:

Minera Alamos Inc.

Doug Ramshaw, President

Tel: 604-600-4423

Email: dramshaw@mineraalamos.com

Website: www.mineraalamos.com

About Minera Alamos

Minera Alamos is an advanced-stage exploration and development company with a growing portfolio of high-quality Mexican assets, including the La Fortuna open-pit gold project in Durango with positive PEA completed, the Santana open-pit heap-leach development project in Sonora with test mining and processing completed and the Guadalupe de Los Reyes open-pit gold-silver project in Sinaloa with mine planning in progress. The Company is awaiting the pending approval of permit applications related to the commercial production of gold at both the Santana and Fortuna projects.

The Company’s strategy is to develop low capex assets while expanding the project resources and pursue complementary strategic acquisitions.

Mr. Darren Koningen, P. Eng., Minera Alamos’ CEO, is the Qualified Person responsible for the technical content of this press release under National Instrument 43-101. Mr. Koningen has supervised the preparation of, and approved the scientific and technical disclosures in this news release.

Caution Regarding Forward-Looking Statements

This news release may contain forward-looking information and Minera Alamos cautions readers that forward-looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of Minera Alamos included in this news release. This news release includes certain “forward-looking statements”, which often, but not always, can be identified by the use of words such as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. These statements are based on information currently available to Minera Alamos and Minera Alamos provides no assurance that actual results will meet management’s expectations. Forward-looking statements include estimates and statements with respect to Minera Alamos’ future plans with respect to the Projects, objectives or goals, to the effect that Minera Alamos or management expects a stated condition or result to occur and the expected timing for release of a resource and reserve estimate on the Projects. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, the economics of processing methods, project development, reclamation and capital costs of Minera Alamos’ mineral properties, the ability to complete a preliminary economic assessment which supports the technical and economic viability of mineral production could differ materially from those currently anticipated in such statements for many reasons. Minera Alamos’ financial condition and prospects could differ materially from those currently anticipated in such statements for many reasons such as: an inability to finance and/or complete an updated resource and reserve estimate and a preliminary economic assessment which supports the technical and economic viability of mineral production; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with Minera Alamos’ activities; and other matters discussed in this news release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of Minera Alamos’ forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on Minera Alamos’ forward-looking statements. Minera Alamos does not undertake to update any forward-looking statement that may be made from time to time by Minera Alamos or on its behalf, except in accordance with applicable securities laws.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Categories
Precious Metals

JUNIOR MINING | Gold Resource Corporation Expands Arista Mine Drilling 16.95 Meters of 6.21 g/t Gold and Discovers New Mineralized Southwest Veins

COLORADO SPRINGS, Colo., Dec. 03, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – Gold Resource Corporation (NYSE American: GORO) (the “Company”) today announced the continued expansion of the Arista Mine’s Switchback vein system with intercepts including 16.95 meters of 6.21 grams per tonne (g/t) gold, 80 g/t silver and 4.50% zinc.  These new results extend the strike length by approximately 100 meters to the northwest while expanding the Switchback vein system’s vertical extent in depth and height in this area.  In addition, newly discovered mineralized veins were intercepted in two drill holes testing an exploration target called “Andesite Hill”, located southwest of the Arista Mine’s Arista vein system.  Both holes intercepted mineralized veins, including 2.29 meters of 4.01 g/t gold, 580 g/t silver and 5.07% zinc.  Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, U.S.A.  The Company has returned $111 million to its shareholders in monthly dividends since commercial production commenced July 1, 2010 and offers its shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Arista Mine :Arista Mine Exploration Update
Arista Mine :Arista Mine Exploration Update

From an underground exploration drill pad located on level 10 of the Arista Mine’s Arista vein system, drill holes 518010 and 518011 tested the “Andesite Hill” exploration target southwest of the Arista vein system.  Two individual mineralized veins were discovered in both drill holes located approximately 200 to 400 meters from the Arista vein system’s Splay 5 (see map).  These newly discovered veins represent an expansion to the Arista Vein System, or the discovery of a third vein system to the southwest of both the Switchback and Arista vein systems.

“Andesite Hill” target drill highlights include (m=meters, g/t=gram per tonne; full drill table below):

Hole# 518010:

  • 1.13m of   0.46 g/t gold,     77 g/t silver,  0.35% copper,  2.16% lead,   4.11% zinc
  • 0.48m of   1.42 g/t gold,   342 g/t silver,  0.11% copper,  0.29% lead,   0.27% zinc

Hole# 518011:

  • 0.30m of   5.47 g/t gold, 2,510 g/t silver,  0.58% copper,  0.76% lead,   1.55% zinc
  • 2.29m of   4.01 g/t gold,    580 g/t silver,  0.36% copper,  3.84% lead,   5.07% zinc

incl. 0.72m of    5.89 g/t gold,    739 g/t silver, 0.32% copper,   1.72% lead,   7.07% zinc

Five holes were drilled from an exploration drill pad located east of the Switchback vein system on level 24.  These five drill holes confirmed up-dip and down-dip continuity of known veins and extended the vertical mineralization within the Switchback vein system.

Switchback vein system up-dip and down-dip drill highlights include (full drill table below):

Hole# 518013:

  • 4.17m of   4.17 g/t gold,    63 g/t silver,  0.68% copper,  0.81% lead,   1.55% zinc

incl. 1.25m of   7.45 g/t gold,  102 g/t silver,  0.63% copper ,  1.12% lead,   1.87% zinc             

Hole# 518020: 

  • 16.95m of   6.21 g/t gold,   80 g/t silver,  0.52% copper,  1.76% lead,    4.50% zinc

incl.   2.20m of   9.28 g/t gold,   81 g/t silver,  0.87% copper,   2.00% lead,    8.93% zinc
incl.   1.30m of 25.10 g/t gold, 244 g/t silver,  0.91% copper,   2.41% lead,    5.10% zinc       

Hole 518024 was drilled from an underground drill station constructed at the end of a 200-meter long decline ramp driven from level 3 of the Arista Mine’s Arista vein system, to test the northwest extension of the Switchback mineralization by approximately 100 meters.

Northwest Switchback vein system 100-meter step-out:

Hole# 518024:

  •   1.33m of   1.33 g/t gold, 190 g/t silver,  0.09% copper,  0.48% lead,   0.80% zinc

incl.   0.82m of   1.03 g/t gold, 312 g/t silver,  0.03% copper,   0.06% lead,   0.16% zinc       

“We are very excited with the exploration drilling at the Arista Mine’s Switchback vein system as it continues to deliver impressive results,” stated Mr. Barry Devlin, Vice President of Exploration for Gold Resource Corporation.  “Our exploration efforts extended the strike length and vertical extent of Switchback.  In addition, the discovery of new, mineralized veins to the southwest of the Arista vein system speak to the expansion potential of this large epithermal vein system.  It is too early to tell if these newly discovered veins are an extension of the Arista Vein system or if this a new parallel system to the southwest mirroring the Switchback and Arista Vein system.  Either way this deposit continues to grow.”

“Our Oaxaca Mining Unit’s exploration team has again done an excellent job expanding the Arista Mine during 2018,” stated Mr. Jason Reid, President and CEO of Gold Resource Corporation.  “It is also very positive that we are seeing higher grade gold such as the 6.21 grams per tonne over 16 meters in an up-dip drill hole into higher Switchback elevations.  Unlike the Arista Vein system where we mined down over time, at the Switchback Vein system we are mining up and expect to see increased grades over the long run in this area of the Arista Mine.  We also look forward to the completion of the annual reserve update reflecting the totality of this year’s exploration drill programs.”

ARISTA MINE DRILL RESULTS
December 2018
Hole # Angle Vein   From Interval Au Ag Cu Pb Zn
deg   Meters Meters g/t g/t % % %
 “ANDESITE HILL” TARGET – NEWLY DISCOVERED VEINS
518010 -11 Vein   321.69 1.13  0.46  77  0.35  2.16  4.11 
Vein   373.07 0.48  1.42  342  0.11  0.29  0.27 
518011 -1.5 Vein   150.22 0.30  5.47  2,510  0.58  0.76  1.55 
Vein   355.88 2.29  4.01  580  0.36  3.84  5.07 
Incl. 355.88 0.72  5.89  739  0.32  1.72  7.07 
 SWITCHBACK
518012 21.5 Susana N   149.15 0.75  3.16  29  0.20  1.15  3.07 
518013 -40.5 Soledad HW   101.90 3.58  1.77  29  0.63  1.62  5.96 
Incl. 104.46 1.02  4.73  21  0.45  0.76  4.82 
Soledad   115.97 4.17  4.17  63  0.68  0.81  1.55 
Incl. 117.00 1.25  7.45  102  0.63  1.12  1.87 
518014 -51.5 Soledad HW2   118.52 3.78  0.69  102  0.44  2.94  5.63 
Incl. 120.80 1.50  1.56  83  0.94  4.18  9.18 
Soledad   133.62 3.70  0.05  177  0.82  1.08  5.21 
Incl. 135.00 1.20  0.10  329  0.97  1.91  10.60 
518017 29 Soledad HW2   134.85 0.53  2.58  43  1.09  0.75  3.71 
Soledad HW1   138.93 1.89  3.09  23  0.42  0.65  2.84 
Soledad   144.57 6.60  2.87  16  0.25  0.23  1.43 
Incl. 145.76 0.54  4.71  14  0.22  0.19  3.17 
Incl. 150.07 1.10  4.42  36  0.29  0.39  2.18 
518020 20.5 Soledad   143.65 16.95  6.21  80  0.52  1.76  4.50 
Incl. 145.00 2.20  9.28  81  0.87  2.00  8.93 
Incl. 147.20 1.30  25.10  244  0.91  2.41  5.10 
518024 -8 SB North   209.88 1.46  1.33  190  0.09  0.48  0.80 
Incl. 210.52 0.82  1.03  312  0.03  0.06  0.16 
 Assays by ALS, Vancouver, BC Canada.  Meters Down Hole, Not true width.  “HW” = Hanging Wall. 

About GRC:

Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA.  The Company targets low capital expenditure projects with potential for generating high returns on capital.  The Company has returned $111 million back to its shareholders since commercial production commenced July 1, 2010 and offers its shareholders the option to convert their cash dividends into physical gold and silver and take delivery.  For more information, please visit GRC’s website, located at www.goldresourcecorp.com and read the Company’s 10-K for an understanding of the risk factors involved.

Cautionary Statements:

This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words “plan”, “target”, “anticipate,” “believe,” “estimate,” “intend” and “expect” and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding Gold Resource Corporation’s strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward-looking statements in this press release are based upon information available to Gold Resource Corporation on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company’s actual results could differ materially from those discussed in this press release. In particular, there can be no assurance that production will continue at any specific rate.  Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the Company’s 10-K filed with the SEC.
Contacts:
Corporate Development
Greg Patterson
303-320-7708
www.goldresourcecorp.com

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/66a748ea-dcd0-43b3-b2f7-53f34fc60a32

Categories
Precious Metals

JUNIOR MINING | Rise Gold Issues Stock Options

Vancouver, British Columbia–(Newsfile Corp. – November 30, 2018) – Rise Gold Corp. (CSE: RISE) (OTCQB: RYES) (“Rise Gold” or the “Company“) announces the grant of 2,900,000 stock options to employees and directors of the Company pursuant to the terms of the Company’s Stock Option Plan. The options are exercisable at $0.10 per share for a period of five (5) years and expire on November 29, 2023.

About Rise Gold Corp

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is a past producing gold mine with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
Suite 650, 669 Howe Street
Vancouver, BC V6C 0B4
T: 604.260.4577
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

Categories
Base Metals Energy Precious Metals Project Generators

PROJECT GENERATOR | EMX Royalty Provides Additional Disclosure on Discretionary Bonuses

Vancouver, British Columbia–(Newsfile Corp. – November 30, 2018) –  EMX Royalty Corporation (TSXV: EMX) (NYSE American: EMX) (the “Company” or “EMX”)provides additional disclosure regarding the US$3.8 million in bonuses announced in its asset portfolio and corporate update on November 28, 2018. This additional disclosure includes a summary of the rationale, approval process, recipients, and allocations related to the bonus.

Bonus Rationale

The Board awarded the bonuses to EMX’s management and staff in respect of their seven years of effort to monetize the Company’s investment in IG Copper LLC (“IGC”). Their efforts included:

(1) identification of the investment opportunity;
(2) providing significant technical oversight towards the discovery of a world class copper deposit at Malmyzh;
(3) raising the capital necessary to advance Malmyzh despite challenging markets and jurisdictional risks;
(4) coordinating the sales effort for Malmyzh over a period of several years;
(5) managing an exit with Freeport, including arranging an US$18.5 million bridge loan, which led to a greater return for all of IGC’s shareholders, not the least of which was EMX 40% shareholding; and
(6) assisting IGC with the successful sale of Malmyzh to a wholly owned subsidiary of Russian Copper Company (“RCC”) in October for US$200 million.

The transaction with RCC took 10 months to complete and required numerous complicated steps, including obtaining approval from the Russian Federal Anti-Monopoly Service. The successful outcome was due, in large part, to the significant efforts of EMX’s team, IGC’s team, and IGC’s advisors, Scotia Bank Europe plc and the London office of Norton Rose Fulbright LLP. In the opinion of EMX’s Board of Directors, this was sound and proper rationale for the bonuses paid.

Bonus Approval Process

Prior to the Malmyzh sales transaction, EMX’s management had developed a bonus plan for strategic investments whereby 7.5% of the after-tax profits of an individual investment could be paid as a bonus to EMX’s management and staff. As part of the bonus calculation, the Company’s cost basis was increased annually by 10% to reflect the time value of the investment.

The strategic investment bonus calculation, along with management’s recommended allocation of bonuses, was then submitted to the Compensation Committee of EMX’s Board for its review. The Compensation Committee is comprised of three independent directors. The Committee met several times over the past four months, both with management and independently of management, as part of the approval process. The Committee recommended the US$3.8 million bonus pool and allocation to the Company’s Board. The independent members of the Board unanimously approved the bonus pool and allocation with Dave Cole and Michael Winn abstaining from voting.

Bonus Allocation

The Board has awarded the bonuses to EMX’s Chairman and all of EMX’s management and staff (which includes support staff in Vancouver provided by Seabord Services Corp). Bonuses were not paid outside the Company.

The two largest awards were paid to David Cole and Michael Winn as they actively managed the Company’s investment in IGC for the past seven years. The Compensation Committee also felt it was important to award significant bonuses to senior management regardless of time spent on the investment as a win of this type is a team effort. The bonus allocations are as follows:

Name Position
Amount
(US$)
David M. Cole1 President & CEO 1,100,000
Michael Winn1 Chairman of the Board 1,000,000
Eric Jensen1 General Manager – Exploration 400,000
Dave Johnson1 Chief Geologist 400,000
Christina Cepeliauskas Chief Financial Officer 175,000
Jan Steiert Chief Legal Officer 175,000
Other EMX Staff 560,000
TOTAL 3,810,000

1 A portion of the bonuses to be paid to Dave Cole, Michael Winn, Eric Jensen,and Dave Johnson will be paid once the Company receives the final distribution by IGC related to escrowed funds.


About EMX. EMX leverages asset ownership and exploration insight into partnerships that advance our mineral properties, with EMX receiving pre-production payments and retaining royalty interests. EMX complements its royalty generation initiatives with royalty acquisitions and strategic investments.

The recent advancements of the Company’s asset portfolio underscore EMX’s focus on steadily increasing global revenue streams from strategic investments, royalties, and other payments. The Company’s goal is to substantially grow our cash flowing royalty portfolio while providing multiple opportunities for exploration and production success.

For further information contact:

David M. Cole
President and Chief Executive Officer
Phone: (303) 979-6666
Email: Dave@EMXroyalty.com

Scott Close
Director of Investor Relations
Phone: (303) 973-8585
Email:SClose@EMXroyalty.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release may contain “forward looking statements“ that reflect the Company’s current expectations and projections about its future results. These forward-looking statements may include statements regarding perceived merit of properties, exploration results and budgets, mineral reserves and resource estimates, work programs, capital expenditures, timelines, strategic plans, market prices for precious and base metal, or other statements that are not statements of fact. When used in this news release, words such as “estimate,“ “intend,“ “expect,“ “anticipate,“ “will“, “believe”, “potential” and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company’s future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company‘s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to: unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners and other factors.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company’s MD&A for the quarter ended September 30, 2018 (the“MD&A”), and the most recently filed Form 20-F for the year ended December 31, 2017, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the 20-F and financial statements of the Company, is available on SEDAR at www.sedar.com and on the SEC’s EDGAR website at www.sec.gov.

Categories
Precious Metals

MILES FRANKLIN | Will Silver Shorts End Up Like ShortSellers.com?

Chris Marcus-Contributing Writer For Miles Franklin
Will Silver Shorts End Up Like ShortSellers.com?
Written by Chris Marcus of Miles Franklin
Last week a fund called OptionSellers.com blew up. Primarily because they aggressively shorted an asset and left themselves with virtually unlimited risk. Which when the market moved against them, not only wiped out all of their capital. But left some customers actually even owing additional money.
Which is worthwhile to take note of for those involved in the silver market. Where there is an unbacked paper short position that cannot be covered with physical metal. And has left many exposed to an outcome potentially quite similar to what the investors of the OptionSellers.com fund just experienced.
For a long time it was the bullion banks that owned the majority of the short position. Although in recent years that has amazingly been unwound, and passed off to the technical hedge funds that now own it. Which means that the investors of these funds are short an asset with virtually unlimited upside whenever the paper vs. physical imbalance is resolved.
Will Silver Shorts End Up Like ShortSellers com
Now being short silver at $14 simply because the 50 or 200 day moving average moved lower never really struck me as a significant enough reason to be short. Especially when the supply and demand fundamentals indicating an eventual move to the upside remain so pronounced. Now even more so following the recent news that J.P. Morgan traders have indeed been manipulating the market, with further attention being placed on the case.
As a result, the conditions for the short squeeze of a lifetime are in place. Which means that at the same time silver is rising, these funds are going to have to buy back their position. But from who? Certainly after the banks have gone to all of the effort of unwinding their short position and now getting long, it’s hard to imagine them letting the hedge funds off the hook easily.
And this is one of the dangers of being short any asset. Because every night you go to sleep with virtually unlimited risk. Which in this case I’m guessing most of the investors in these funds don’t even realize they are exposed to.
As a former equity options market maker on the New York Stock Exchange, I’m well familiar with the risks of being short. Especially being short options. Which is not to say that there are not appropriate times to short an asset, but rather that it’s darn well worth being aware of the risk. Especially now as the investors of the OptionSellers.com fund found out that they can lose even more than their original investment.
While investing in precious metals, and silver in particular over the past decade has not been the easiest and most rewarding experience, it has been one of the more fascinating financial events to follow along.
Especially now as the rumors of manipulation are being increasingly documented and supported by legal confessions and guilty pleas. Indicating that those who have explained the pricing as being distorted by manipulation have turned out to be correct. And with those who were correct on that matter also continuing to reiterate that prices at some point are simply going to have to rise.
If you are invested in one of these funds that is short silver, I would highly recommend taking a look at this report that explains why the price of silver is set to explode. Because outside of the technical funds reacting to the moving averages, I haven’t even heard of anyone attempting to make a case for why silver would go much lower from here (if you have, or if you have any questions about this article or the market, please email me here).
So given all of the factors indicating why at some point the price will almost necessarily have to rise, pulling your money out of a fund that is short silver and getting long yourself (much like the banks controlling the action have done) remains a timely way of avoiding Wall Street’s latest upcoming debacle.
While also keeping your money safe and taking advantage of the eventual resolution of this glaring market imbalance.
-To buy or sell gold and silver call Miles Franklin today at (1-800-822-8080).
-Or get Miles Franklin’s detailed report on why the price of silver is set to explode.
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Miles Franklin was founded in January, 1990 by David MILES Schectman. David’s son, Andy Schectman, our CEO, joined Miles Franklin in 1991. Miles Franklin’s primary focus from 1990 through 1998 was the Swiss Annuity and we were one of the two top firms in the industry. In November, 2000, we decided to de-emphasize our focus on off-shore investing and moved primarily into gold and silver, which we felt were about to enter into a long-term bull market cycle. Our timing and our new direction proved to be the right thing to do.
We are rated A+ by the BBB with zero complaints on our record. We are recommended by many prominent newsletter writers including Doug Casey, Jim Sinclair, David Morgan, Future Money Trends and the SGT Report.
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Categories
Precious Metals

JUNIOR MINING | Great Bear Reports Continuity of Gold from Surface to 365 m Depth in Dixie Limb Zone, Dixie Project, Red Lake District

Vancouver, British Columbia–(Newsfile Corp. – November 29, 2018) – Great Bear Resources (TSXV: GBR) (the “Company” or “Great Bear”, TSX-V: GBR) today reported results from drilling of the Dixie Limb Zone (“DLZ”) completed during the Company’s summer 2018 drill program, and designed to test continuity of gold mineralization to depth. The DLZ is a multi-kilometre gold-mineralized contact that is located north of Great Bear’s recent high grade gold discoveries at the Hinge and South Limb Zones, and was the target of most historical drilling.

Great Bear also reports that 15 additional drill holes have now been completed in the Hinge and South Limb Zones (“SLZ”). Results are expected in one to two weeks and are not included in this news release.

Great Bear has systematically surveyed 108 historical drill collars and completed gyroscopic downhole surveys of 66 historical drill holes within the DLZ to-date. Results indicate many historical holes were mis-located, with maximum deviations approaching 100 metres, and historical drill directions deviated significantly from plan due to magnetic host rocks. These errors led to incorrect historical interpretations including that gold mineralization in the DLZ occurred in en-echelon lens-like zones lacking vertical continuity.

The Company tested vertical continuity of the DLZ’s gold mineralization with a series of 9 drill holes from 26 metres to 365 metres depth. All holes tested areas previously interpreted as unmineralized and cited as lacking geological continuity. All holes successfully intersected gold mineralization.

Highlights of the latest 9 drill holes testing the DLZ include:

  • Intercepts of 6.71 g/t gold over 3.10 metres and 6.16 g/t gold over 2.30 metres, establishing continuity of gold mineralization into areas previously deemed to be unmineralized
  • DLZ mineralization generally increases in thickness and gold grade with depth
  • Intervals of higher grades (>6 g/t gold) were intersected in 5 of the 9 holes
  • A newly identified parallel mineralized zone was intersected in one of the two deepest holes at 307 metres vertical depth in drill hole DL-031

Chris Taylor, President and CEO of Great Bear said, “While much of the past exploration work at Dixie was high quality, later interpretations of zone geometries were hampered by incorrect data. Using oriented drill core and gyroscopic surveys, we have cut through the effects of the magnetic background rocks which skewed past drilling and observe a consistent mineralized zone at the DLZ structure, including several steeply-plunging high-grade zones. This mineralization is open along strike and at depth. While more than 360 metres of continuity is a strong start, gold deposits in Red Lake often extend to kilometres of depth, and from that perspective we are only just scratching the surface of this zone’s potential.”

The most recent drill results are provided in Table 1. Highlighted results from the 2.3 kilometres of strike length of the DLZ drilled to-date are provided in Table 2. A summary of results of ongoing historical drill hole surveying is provided in Table 3. An updated long section of the DLZ including names and locations of various high-grade zones that will be targeted during the current drill program are provided in Figure 1. A map of current drill collars is provided in Figure 2.

Table 1: New drill results from the DLZ, showing vertical depth of intercepts. Drilling targeted previously interpreted unmineralized areas. Drilling is insufficient to determine true widths.

Drill Hole From (m) To (m) Width (m) Gold (g/t) Vert. Depth (m)
DL-028 34.60 39.70 5.10 4.34 26
DL-028 including 35.60 38.70 3.10 6.71
DL-028 and including 36.10 38.20 2.10 8.10
DL-032 61.95 67.35 5.40 1.06 40
DL-029 46.70 50.70 4.00 3.23 41
DL-029 including 47.70 49.60 1.90 4.44
DL-029 and 76.00 78.00 2.00 3.33 69
DL-026 81.55 84.00 2.45 2.48 69
DL-026 83.40 84.00 0.60 4.59
DL-030 74.20 76.50 2.30 2.64 69
DL-027 382.70 403.50 20.80 1.60 304
DL-027 and including 387.30 388.30 1.00 6.09
DL-027 and including 387.30 387.80 0.50 10.70
DL-027 and including 397.50 399.00 1.50 4.46
DL-031 Zone 1 335.20 337.50 2.30 6.16 257
DL-031 including 336.30 337.50 1.20 9.27
DL-031 Zone 2 423.25 433.85 10.60 1.39 324
DL-031 including 432.00 433.85 1.85 3.84
DL-031 and including 432.00 432.60 0.60 6.03
DL-037 334.70 349.60 14.90 1.85 321
DL-037 including 335.30 335.85 0.55 7.74
DL-037 and 344.90 346.85 1.95 6.32
DL-036a 358.50 362.10 3.60 2.50 346
DL-036a including 360.50 362.10 1.60 5.12
DL-036a and including 361.60 362.10 0.50 10.17
DL-036a and 368.45 377.90 9.45 2.38
DL-036a and including 369.60 371.25 1.65 4.07
DL-036a and including 377.40 377.90 0.50 15.67 365

Table 2: Highlighted results from previous DLZ drilling to-date

Drill Hole From(m) To(m) Width(m) Gold(g/t) Vertical Depth (m)
DL-04-04 228.15 232.77 4.62 9.75 190
DL-04-06 333.3 345.67 12.34 7.54 323
including 335.42 342.49 7.07 12.26
and incl. 335.42 336.88 1.46 40.27
DL-11-05 132.2 138.5 6.30 10.78 116
including 134.7 138.5 3.80 14.76
and incl. 135.8 137 1.20 30.48
DL-005 162.6 173 10.40 16.84 128
including 164.6 172.45 7.85 21.53
and including 171.4 172.45 1.05 130.10
DNW-001 52.6 58.2 5.60 3.52 38
including 56.8 58.2 1.40 12.74
DL-013 47.7 88 40.30 1.73 40
including 47.7 50 2.30 6.01
including 58 70.3 12.30 3.13

Table 3: Surveying results to-date showing deviations in historical results

Type
Number of Holes 
Completed To-Date
 Results
Differential GPS
survey of drill
collar locations		 225
(104 historic)		 Average horizontal shift of 4.39 m. Maximum horizontal shift of +/- 83.0 m E and +/- 51.72 m N. Average vertical shift of 4.03 m. Maximum vertical shift of +/- 51.67 m.
Non-magnetic
(gyroscopic)
downhole survey		 66 Average deviation change of 7.95 m at the end of each drill hole. Maximum shift of 148 m at end of drill hole. Significant errors were also observed by Great Bear geologists when using a compass at surface.
Re-logging and
sampling of
historic core		 35 Identified key lithological units and collected 1,566 samples for gold and ICP analysis

Figure 1: Long section through the DLZ as drilled to-date showing currently reported drill results and locations of planned drill holes. The “88-4”, “5”, “Gap” and “88-4 Extension” zones are shown. All drill holes that intersect the DLZ contact in this area are shown. Areas without pierce points or composite intervals have not yet been drilled. Zone is open along strike and at depth.

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The Company is now conducting a 30,000 metre, 150 drill hole drill program that is expected to continue through 2018 and 2019. Targets to be drilled include the Hinge Zone, SLZ and DLZ, as well as a number of newly defined, highly prospective geological and structural targets across the project. Results will continue to be released in batches as received.

Highlights of all of Great Bear’s drill results can be viewed at the Company’s web site at www.greatbearresources.ca

Figure 2: Plan map showing updated collar locations of current and pending drill results

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To view an enhanced version of Figure 2, please visit:
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About Great Bear

The Dixie property is located approximately 15 minutes’ drive along Highway 105 from downtown Red Lake, Ontario. The Red Lake mining district has produced over 30,000,000 ounces of gold and is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Goldcorp Inc., plus modern infrastructure and a skilled workforce. The Dixie property covers a drill and geophysically defined multi-kilometre gold mineralized structure similar to that hosting other producing gold mines in the district. In addition, Great Bear is also earning a 100% royalty-free interest in its West Madsen properties which total 3,860 hectares and are contiguous with Pure Gold Mining Inc.’s Madsen property. All of Great Bear’s Red Lake projects are accessible year-round through existing roads.

Drill core is logged and sampled in a secure core storage facility located in Red Lake Ontario. Core samples from the program are cut in half, using a diamond cutting saw, and are sent to Activation Laboratories Ltd. in Ancaster Ontario, and SGS Canada Inc. in Red Lake, Ontario, both of which are accredited mineral analysis laboratories, for analysis. All samples are analyzed for gold using standard Fire Assay-AA techniques. Samples returning over 3.0 g/t gold are analyzed utilizing standard Fire Assay-Gravimetric methods. Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream, as part of Great Bear’s quality control/quality assurance program (QAQC). No QAQC issues were noted with the results reported herein.

Mr. R. Bob Singh, P.Geo, Director and VP Exploration for Great Bear, is the Qualified Person as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.

For further information please contact Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360.

ON BEHALF OF THE BOARD

“Chris Taylor”

Chris Taylor, President and CEO

Inquiries:
Tel: 604-646-8354
Fax: 604-646-4526
info@greatbearresources.ca
www.greatbearresources.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.

We seek safe harbor

Categories
Precious Metals

BOB MORIARTY | These 113 Analysts Believe Gold Will Go Parabolic to $3,000 or More!

Bob Moriarty
Archives
Nov 27, 2018

Lorimer Wilson January 24, 2011
$5,000 Gold Bandwagon Now Includes 85 Analysts!

More and more economists, analysts and financial writers, 125 in fact, have taken the bold step of projecting the price at which gold will achieve its parabolic peak with 5 individuals claiming that the peak price will be realized sometime in 2011. Some have adjusted their previous prognostications higher given gold’s strong advance again in 2010 while others have jumped aboard what has become a bandwagon of optimism. The majority (85) maintain that $5,000 or more for gold is possible.

These 5 Analysts Believe Gold Will Reach Parabolic Peak Sometime in 2011

  • 1. Bob Kirtley: $10,000;
  • 2. Patrick Kerr: $5,000 – $10,000;
  • 3. James Dines: $3,000 – $5,000;
  • 4. Taran Marwah: $3,000;
  • 5. Jim Sinclair: $3,000 – $5,000 (by June 2011);

These 6 Analysts See Gold Price Going Parabolic to +$10,000

  • 1. Mike Maloney: $15,000;
  • 2. Ben Davies: $10,000 – $15,000;
  • 3. Howard Katz: $14,000;
  • 4. Dr. Jeffrey Lewis: $7,000 – $14,000;
  • 5. Jim Rickards: $4,000 – $11,000;
  • 6. Roland Watson: $10,800

These 46 Analysts See Gold Price Peaking Between $5,001 and $10,000

  • 1. Bob Kirtley: $10,000 (by 2011);
  • 2. Arnold Bock: $10,000 (by 2012);
  • 3. Porter Stansberry: $10,000 (by 2012);
  • 4. Peter George: $10,000 (by Dec. 2015);
  • 5. Tom Fischer: $10,000;
  • 6. Shayne McGuire: $10,000;
  • 7. Eric Hommelberg: $10,000;
  • 8. David Petch: $6,000 – $10,000;
  • 9. Gerald Celente: $6,000 – $10,000;
  • 10. Egon von Greyerz: $6,000 – $10,000;
  • 11. Peter Schiff: $5,000 – $10,000 (in 5 to 10 years);
  • 12. Patrick Kerr: $5,000 – $10,000 (by 2011);
  • 13. Peter Millar: $5,000 – $10,000;
  • 14. Roger Wiegand: $5,000 – $10,000;
  • 15. Alf Field: $4,250 – $10,000;
  • 16. Jeff Nielson: $3,000 – $10,000;
  • 17. Dennis van Ek: $9,000 (by 2015);
  • 18. Dominic Frisby: $8,500;
  • 19. Paul Brodsky: $8,000;
  • 20. James Turk: $8,000 (by 2015);
  • 21. Joseph Russo: $7,000 – $8,000;
  • 22. Bob Chapman: $7,000+;
  • 23. Michael Rozeff: $2,865 – $7,151;
  • 24. Jim Willie: $7,000;
  • 25. Dylan Grice: $6,300;
  • 26. Chris Mack: $6,241.64 (by 2015);
  • 27. Chuck DiFalco: $6,214 (by 2018);
  • 28. Jeff Clark: $6,214;
  • 29. Aubie Baltin: $6,200 (by 2017);
  • 30. Murray Sabrin: $6,153;
  • 31. Samuel “Bud” Kress: $6,000 (by 2014);
  • 32. Adam Hamilton: $6,000;
  • 33. Robert Kientz: $6,000;
  • 34. Harry Schultz: $6,000;
  • 35. John Bougearel: $6,000;
  • 36. David Tice: $5,000 – $6,000;
  • 37. Laurence Hunt: $5,000 – $6,000 (by 2019);
  • 38. Taran Marwah: $3,000 – $6,000+ (by Dec. 2011 and Dec. 2012, respectively);
  • 39. Martin Hutchinson: $3,100 – $5,700;
  • 40. Stephen Leeb: $5,500 (by 2015);
  • 41. Louise Yamada: $5,200;
  • 42. Jeremy Charlesworth: $5,000+;
  • 43. Przemyslaw Radomski: $5,000+;
  • 44. Jason Hamlin: $5,000+;
  • 45. Greg McCoach: $5,000+ (by 2012)
  • 46. David McAlvany: $5,000+
  • Cumulative sub-total: 52

These 34 Analysts Believe Gold Price Could Go As High As $5,000

  • 1. David Rosenberg: $5,000;
  • 2. Doug Casey: $5,000;
  • 3. Peter Cooper: $5,000;
  • 4. Robert McEwen: $5,000 (by 2012 -2014);
  • 5. Martin Armstrong: $5,000 (by 2016);
  • 6. Peter Krauth: $5,000;
  • 7. Tim Iacono: $5,000 (by 2017);
  • 8. Christopher Wyke: $5,000;
  • 9. Frank Barbera: $5,000;
  • 10. John Lee: $5,000;
  • 11. Barry Dawes: $5,000;
  • 12. Bob Lenzer: $5,000 (by 2015);
  • 13. Steve Betts: $5,000;
  • 14. Stewart Thomson: $5,000;
  • 15. Charles Morris: $5,000 (by 2015);
  • 16. Marvin Clark: $5,000 (by 2015?);
  • 17. Eric Sprott: $5,000;
  • 18. Nathan Narusis: $5,000;
  • 19. Bud Conrad: $4,000 – $5,000;
  • 20. Paul Mylchreest: $4,000 -$5,000;
  • 21. Pierre Lassonde: $4,000 – $5,000;
  • 22. Willem Middelkoop: $4,000 – $5,000;
  • 23. Mary Anne and Pamela Aden: $3,000 – $5,000 (by February 2012);
  • 24. James Dines: $3,000 – $5,000 (by June 2011);
  • 25. Goldrunner: $3,000 – $5,000 (by 2012);
  • 26. Bill Murphy: $3,000 – $5,000;
  • 27. Bill Bonner: $3,000 – $5,000;
  • 28. Peter Degraaf; $2,500 – $5,000;
  • 29. Eric Janszen: $2,500 – $5,000;
  • 30. Larry Jeddeloh: $2,300 – $5,000 (by 2013);
  • 31. Larry Edelson: $2,300 – $5,000 (by 2015);
  • 32. Luke Burgess: $2,000 – $5,000;
  • 33. Jim Sinclair: $3,000-$5,000 (by June 2011);
  • 34. Marc Faber: $1,500 – $5,000
  • Cumulative sub-total: 86

These 27 Analysts Believe Gold Will Achieve a Parabolic Peak Price Between $3,000 and $4,999

  • 1. David Moenning: $4,525;
  • 2. Larry Reaugh: $4,000+;
  • 3. Mike Knowles: $4,000;
  • 4. Ian Gordon/Christopher Funston: $4,000;
  • 5. Barry Elias: $4,000; (by 2020);
  • 6. Jay Taylor: $3,000 – $4,000;
  • 7. Christian Barnard: $2,500 -$4,000;
  • 8. John Paulson: $2,400 – $4,000 (by 2012);
  • 9. Myles Zyblock : $3,800;
  • 10. Eric Roseman: $3,500+;
  • 11. Christopher Wood: $3,360;
  • 12. Franklin Sanders: $3,130;
  • 13. John Henderson: $3,000+ (by 2015-17);
  • 14. Michael Berry: $3,000+; (by 2015)
  • 15. Hans Goetti: $3,000;
  • 16. Michael Yorba: $3,000;
  • 17. David Urban: $3,000;
  • 18. Mitchell Langbert: $3,000;
  • 19. Brett Arends: $3,000;
  • 20. Ambrose Evans-Pritchard: $3,000;
  • 21. John Williams: $3,000;
  • 22. Byron King: $3,000;
  • 23. Ron Paul: $3,000 (by 2020);
  • 24. Chris Weber: $3,000 (by 2020);
  • 25. Mark Leibovit: $3,000;
  • 26. Mark O’Byrne: $3,000;
  • 27. Kevin Kerr: $3,000
  • Cumulative sub-total: 113

Source:- http://www.munknee.com

There seems to be one name missing from the list. All those SWAGS have missed one important element. When you are talking about the price of gold, you are talking about two commodities, gold and whatever currency you are quoting the price in.
If you can’t predict the value of the dollar in the future with accuracy, you cannot predict the price of gold either.
Maybe they should have read what I think about “Experts” and “Gurus” in Nobody Knows Anything.
You should buy gold when it is cheap and unloved. You should then sell it when it is expensive and everyone loves it.

Categories
Precious Metals

MILES FRANKLIN | JP Morgan is Being Investing for PRICE FIXING by the Department of Justice (DOJ)

November 28, 2018
The Miles Franklin Newsletter
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From The Desk Of David Schectman
David’s Commentary
Under normal conditions, gold and silver pretty much march along to the same drummer. But I expect it will be different, as we move ahead into 2019.
The price of silver is no longer following the price of gold in a “normal” manner. The 86 to 1 silver to gold ratio is telling us that silver is too cheap. Theonly question I have is how low will the ratio go in 2019? Will the ratio fall into the 70s or 60s or even lower? It is not a matter of “if,” it’s a matter of “when.”
What will happen to the price of silver if Da Boyzare able to hold the price of gold down? I believe it won’t matter; silver will move up regardless as the stretched-out silver/gold ratio starts correcting and moving lower. Jim Sinclair refers to silver as “gold on steroids.” That is the case on the way lower and on the way higher.
In today’s daily I will present two events that should allow silver to break free of the blatant manipulation that has kept its price way too low for way too long. Once silver breaks free from JPMorgan’s shorting positions on the Comex, and is able to trade freely, there is no telling how high the price will go and how fast it will happen. Even if the price of gold is contained, which is not exactly a given, there are still two reasons to be optimistic about silver next year, which will allow it to significantly outperform gold.
The first is the DOJ is looking closely at JPMorgan’s manipulation of silver. I cannot over-estimate just how important this event is.
The second is simply a supply/demand condition for 2019. The mined silver will not be sufficient to meet the demand. That is a condition that usually leads to higher prices. Buyers who want or need silver will pay whatever it takes to obtain it and the way the market balances supply and demand is by raising and lowering the price to attain a balance.
Let’s start off with a very important and interesting article that should not be missed. I considered itmust reading for anyone who owns silver, or is curious why it has performed so poorly for the last few years. It looks to be a game-changer.
JPMorgan is being investigated for price fixing by the Department of Justice (DOJ). This is not the impotent CFTC; it’s the DOJ. They don’t simply levyfines and a slap on the wrist. They send people away. Is it any wonder that JPMorgan has now closed out it silver shorts on the Comex? Uppermanagement over at JPMorgan has to be sweating bullets. People will go to jail. The DOJ is looking “up the management ladder.” The only thing holding down the price of silver (reflected by its near 86 to 1 silver/gold ratio) is JPMorgan’s manipulation andthey have been put on notice by the DOJ. If they take their foot off the brake, silver is set to soar.
Will DOJ Finally Hold Bullion Banks Accountable for Market Rigging?
It is hard to cheer for the Department of Justice these days, but federal prosecutions have begun to offer hope for precious metals investors hurt by rigged markets and crooked traders.
The DOJ looks poised to do what regulators at the CFTC have not. They will use evidence of blatant cheating and fraud to hold a few bankersaccountable.
Last week, DOJ officials asked the judge in a civil suit against JPMorgan Chase to delay proceedings for 6 months to clear the patch for more prosecutions.
David’s Commentary:
Take a deep breath and let out a big “Hurrah”. JPMorgan is finally long gone from the silver market. They have covered their short position. The fact that JPMorgan is now back in a market neutral position is, as Ed Steer says,” wildly bullish”.
Ed Steer
Silver analyst Ted Butler had this to say about in gold in his commentary
late yesterday afternoon…”It’s not quite as clear in gold, but I’d venture that JPM bought back the entire 30,000 gold contracts it shorted in October, as well.”
A few follow up comments about the still rather remarkable announcement by the Department of Justice concerning the guilty plea by the former JPMorgan trader for spoofing in precious metals. Contained in the announcement was the statement that the guilty plea was accepted and sealed on Oct 9, nearly a month before it was unsealed on Nov 6. With a rather short sentencing date approaching onDecember 19, and the time it took to unseal the plea, it may be assumed that the trader has already fully cooperated in the hopes of reducing his jail time, said to approach 30 years with no cooperation.
David’s Commentary:
In addition to the DOJ investigation into the silver price suppression, here is the second reason that the price of silver should rise next year…
Kitco News
By Anna Golubova
Silver Surplus Won’t Last, Prices To Rally Next Year — Capital Economics
(Kitco News) – Next year will be a turnaround year for silver, with prices expected to rally to $17 per ounce by the end of 2019 on higher investor demand and an unexpected end to the U.S. monetary policy tightening, according to Capital Economics.
David’s Commentary:
In case you don’t recall, the silver to gold ratio in the 2000s was often in the 40 to 1 or 50 to 1 range. There is a pattern on the following chart that is easy to see. After every sustained “rise” in the ratio, it is always followed by a “steep decline.” It would not be a stretch to expect the ratio to plunge back down to the low 50s or even the 40s.
So what does that mean for the price of silver? Let’s say, for kicks, that gold moves up to $1,350. I think that’s very conservative, don’t you? At $1,350with the silver to gold ratio at 50 to 1 the price of silver would be $27 per ounce. That’s almost twice as high as it is today (near $14). And if we set the price of gold at it’s most recent high of $1,900 should we not expect silver to at least reach it’shigh at that time of $50? I think so, at a minimum. That would move the silver to gold ratio down to 38 to 1.
$50 silver is not, in my estimation, a top. It is just a momentary stop along the way toward much higher prices. It’s human nature to chase a top. Greed sets in. You are witnessing it right now in the stock market. The “Normalcy Bias” sets in and people get used to rising prices and they begin to believe that this new trend will continue in motion. And it will, until it doesn’t. That, dear readers, is when you will be put to the test. “Is now the time to sell?” “Should I hold on longer for an even higher price?” Ah, I long for the good old days, but they will be back, and if the DOJ has anything to say about it, it will be sooner rather than later. Yes, 2019 should be one Hell of a year for Gold’s little sister.
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About Miles Franklin
Miles Franklin was founded in January, 1990 by David MILES Schectman. David’s son, Andy Schectman, our CEO, joined Miles Franklin in 1991. Miles Franklin’s primary focus from 1990 through 1998 was the Swiss Annuity and we were one of the two top firms in the industry. In November, 2000, we decided to de-emphasize our focus on off-shore investing and moved primarily into gold and silver, which we felt were about to enter into a long-term bull market cycle. Our timing and our new direction proved to be the right thing to do.
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