Analysts Indicating Gold & Silver Still Have A Lot Of Upside After A Record Year
FinancialNewsMedia.com News Commentary
PALM BEACH, Fla., Jan. 22, 2021 /PRNewswire/ 2020 can be remembered as anything but a stable year for the markets. With rising political and economic uncertainty, gold has become a go-to asset for many investors looking to reduce the risks and diversify their portfolios. But the question now is: after setting fresh records this year, will gold prices go up past $2,000 per ounce once again any time soon? A recent article in Capital.com answered that question in a positive manner It said: The gold market dipped in early June only to break through and reach all-time highs later this summer. On August 6, the metal hit $2,070 per ounce, soaring 35 per cent since the start of 2020 and 40 per cent from the March lows. The growth was driven by the weakening US dollar and a number of significant geopolitical and economic events on the global arena, such as the EU s ag
While Gold has Surged During the Pandemic, Bulls Still Predicting Surge to $2,300/oz in 2021
- FinancialNewsMedia.com News Commentary
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PALM BEACH, Fla., Jan. 21, 2021 /PRNewswire/ During periods of crisis, gold has proven to be a time-honored safe-haven asset. Scarcity and built-in utility have made the yellow metal a sought after commodity throughout recorded human history. Whether in physical or paper form, gold bullion is the world s go to financial hedge against uncertainty. Gold s validity as a financial safe-haven underwent a formidable test during the pandemic of 2020. Traders, investors, central banks and individuals took an active stance toward bullion on a global scale. The results were consistent pricing volatility and confirmation of gold s undeniable intrinsic value. As the international economic system ground to a halt, gold experienced extreme market turbulence on its way to near all-time high valuations. Throughout the early
Valorem Announces Black Dog Lake Geography Program
01/18/2021 | 05:00am EDT
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VALOREM RESOURCES INC. (the “
Company”) (CSE: VALU) (Frankfurt: 1XW1) wishes to announce that a geophysics program is planned for its Black Dog banded iron formation gold exploration property in the Eastmain River-James Bay region of Quebec, Canada.
A high-definition ground Magnetometer and Induced Polarization (IP) survey will cover the previously drilled Black Dog target which has returned gold geochemical anomalies, and multiple gold intercepts in diamond drilling in previous campaigns.
As reported in a press release dated August 7, 2020, the Black Dog Lake metallic gold showing was discovered in bedded banded iron formation by surface sampling in 1988, and subsequent multiple hole programs which yielded several prospective gold mineralization intervals. Among these were 15.2 g/t gold over 0.6m; 5.2g/t gold over 11m; and 4.32g/t gold over 0.88 m.
Valorem Acquires Wing Shear Property in Newfoundland
VANCOUVER, British Columbia, Jan. 05, 2021
VALOREM RESOURCES INC. (“
VALU” or the “
Company“) (CSE: VALU) (Frankfurt: 1XW1) is pleased to announce that further to its news release dated December 17, 2020, it has entered into and closed a definitive mineral property option agreement dated January 4, 2021 (the “
Option Agreement”) with WBN Prospecting Group, an arm’s length party (the “
Optionor”) to acquire a 100% interest in the Wing Shear property (the “
Property”) located in central Newfoundland, Canada.
The terms of the Option Agreement call for cash payments of $45,000 within five days of signing the agreement, $3,000,000 work commitments over 3 years, reimbursement of $13,130 in staking fees and the issuance of 4.5 million shares of the Company over a period of one year, plus a 10% finder’s fee payable in cash and shares. The Property is subject to a 2% royalty (NSR) with an option to buy ba
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Valorem Acquires Regional Scale Project in Newfoundland and Arranges Private Placement
Valorem Resources Inc.December 17, 2020 GMT
VANCOUVER, British Columbia, Dec. 17, 2020 (GLOBE NEWSWIRE) VALOREM RESOURCES INC. (“VALU” or the “Company”) (CSE: VALU) (Frankfurt: 1XW1) is pleased to announce that it has signed a non-binding Letter of Intent (“LOI”) to acquire a 100% interest in the Wing Shear Zone property (the “Property”) located in central Newfoundland, Canada and it is arranging a non-brokered private placement of securities (the “Private Placement”).
The term of the LOI call for cash payments of $45,000 on signing, $3,000,000 work commitments over 3 years and the issuance of 4.5 million shares of the Company over a period of two years, plus a 10% finder’s fee. The Property is subject to a 2% royalty (NSR) with an option to buy back 1.5% for $1 million.