Market Risks Surrounding Coming US Presidential Election Could Send #Gold to New Record by year-end, says @Citigroup $GLD

Although Bullion has dropped below $1,900 this week as the US Dollar rebounds, Citigroup says Gold could hit a record before the year-end, aided in part by the 'under-appreciated' Risks surrounding the U.S. presidential election.

Uncertainty over the contest and delays about the outcome may "be under-appreciated by precious metals markets," analysts including Aakash Doshi said in a quarterly commodities outlook. The bank's forecast implies a surge of more than $200 for bullion futures from current levels

See the whole story on Bloomberg here: https://www.bloomberg.com/news/articles/2020-09-23/gold-may-hit-record-before-year-end-on-election-risk-citi-warns?

#Atico Mining $ATY @AticoATY DRILLING AT LA PLATA #VMS Project In #ECUADOR CONTINUES TO INTERCEPT HIGH GRADES Extending HG ZONES BEYOND KNOWN MINERALIZATION

Continued High Grade results from Ático Mining's La Plata VMS Project in Ecuador. 

Highlights from the news release below. 

ATICO CONTINUES TO INTERCEPT HIGH GRADE MASSIVE SULPHIDES NEAR SURFACE AND AT DEPTH REPORTING 8.6G/T AU, 73.4G/T AG, 10.9% CU, AND 5.6% ZN OVER 5.33 METERS, EXTENDING HIGH GRADE ZONES BEYOND KNOWN MINERALIZATION AT LAPLATA PROJECT IN ECUADOR

$RUP @RupertResources #Ikkari Discovery Continues to Deliver: 3.0g/t #Gold Over 171.2m From 15m, 1.5g/t Gold Over 200.9m From 6m, & 2.1g/t Gold Over 143.6m From 52m at the Ikkari Discovery

Fantastic set of high-grade results stem from the recently identified Ikkari discovery, and include the headline intercepts of 3g/t gold over 171m (including 6g/t gold over 20m and 18g/t over 1m), 2.1g/t gold over 144m, and 1.5g/t gold over 201m (extending potential width up to 200m).  Rupert has now drilled the top five gold intercepts in Europe since the beginning of 2019.

These are the best results so far from Ikkari and indicate the potential for a very wide zone of gold mineralisation, which could be up to 200m horizontal width, with evidence of a higher-grade component.  In its investor presentation, the company states that it is targeting "multi-million ounce gold discoveries in close proximity to a 100% owned permitted mill". 

These fantastic results have been achieved with two drilling rigs.  A third rig has now been added to accelerate the exploration programme, which aims to expand Ikkari in all directions.  Assay turnaround has apparently been better than expected over the summer period, and the company awaits the results from a further 13 holes.

Rupert Resources is well-financed to fund the ongoing programmes within its highly prospective land package (please see second attachment), having raised CAD 25.6 million through equity financings in July.  Agnico Eagle Mines (NYSE & TSX: AEM) remains a substantial shareholder (14.9%).

Full News release below: 

#Gold’s Performance Continues To Be Stellar With Returns of 20-32% Across All Major Currencies

As of the beginning of September, #Gold is up by a wide margin vs. all other asset classes. 

In USD +28%; GBP +30%. Even against the Mighty Swissy up +20%!

Gold Price Performance in USD, EUR, GBP, CHF, JPY, AUD, CAD, CNY, INR, continues to Outperform vs. all major stock markets. 

See the Gold Price Performance Page

ORENINC #MiningStocks Financings Index up; brokered activity surges @tsx_tsxv

ORENINC INDEX up as brokered activity surges again

ORENINC INDEX up as brokered activity surges again

ORENINC INDEX - Monday, September 7th 2020

North America's leading junior mining finance data provider

Last Week: 62.90

This week: 79.69

The Oreninc Index  increased in the week ending September 4th, 2020 to 79.69 from 62.90 a week ago as brokered activity surged again.

On to the money:

Aggregate financings announced jumped to $135 million, a four-week high, which included nine brokered financings for $70.5 million, a two-week high, and two bought-deal financings for $52.5 million, a six-week high. The average offer size increased to $2.9 million, a two-week high, while the number of financings fell to 47.

#Gold Holding right on its Support Level on the Daily #Chart $GLD

Gold holding tight. Can it continue? 🤔

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