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Craig Hemke at Sprott Money: Sinking real rates drive gold higher
7:58p Tuesday, July 7, 2020
Dear Friend of GATA and Gold:
Gold's rising price closely correlates with the trend toward negative real interest rates, the TF Metals Report's Craig Hemke explains today in commentary at Sprott Money.
Hemke writes: "If gold's primary competition as a Tier 1 asset is a U.S. treasury bond, and if that treasury bond now comes with a negative, inflation-adjusted return -- then suddenly your non-edible pet rock looks pretty good as a store of value and fiat devaluation hedge."
Hemke's analysis is headlined "Real Rates Drive Gold Higher" and it's posted at Sprott Money here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Enduro Metals Reports Drill Intercept Cut
144 metres of 3.18 g/t Gold; Identifies
Additional Gold Targets at Newmont Lake
in British Columbia's Golden Triangle
Monday, July 6, 2020
KELOWNA, British Columbia Canada -- Enduro Metals Corp. (TSXV: ENDR; OTC: SIOCF; FSE: SOG-FF), formerly Crystal Lake Mining, is pleased to report drill results as part of the ongoing exploration program on the company's 551-square-kilometer Newmont Lake Project in the heart of British Columbia's Golden Triangle.
These results are from previously unsampled drill core by a previous operator whose focus was on narrow high-grade intersects, with the result that only a portion of the core was previously sampled. Infrastructure in the region has greatly improved, including power and road access now within 16 kilometers, leading to a dramatic change in the approach to exploration and potential development at Newmont Lake.
An ongoing comprehensive technical review of the project recently identified three gold mineralization styles associated with the 20-kilometer-long McLymont Fault, one of multiple target areas within the Newmont Lake Project. The study determined that previous operators did not identify all gold mineralization styles, and as a result only 19 percent of the total drill core has been assayed to date. ...
... For the remainder of the announcement:
Toast to a free gold market
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