Got Gold Blog

Wednesday, April 23, 2014

Ex-Goldman Banker Emerges as Barrick Gold Dealmaker

Liezel Hill and Christopher Donville write for Bloomberg. A week before Barrick Gold Corp. (ABX) Chairman Peter Munk retires, his successor John Thornton is emerging as a dealmaker as the former Goldman Sachs Group Inc. banker pursues a bid to combine the two biggest gold miners. Negotiations between Barrick and Newmont Mining Corp. broke off last week amid minor disagreements while leaving open the possibility that discussions could still resume, two people with knowledge of the matter said April 19. The deal under discussion would have seen Thornton become executive chairman of the combined company while the chief executive officer would have been

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Goldman Sachs: Kinross Gold No Longer Worth Selling

Barrons -- Goldman Sachs: Kinross Gold No Longer Worth Selling Story at link above. (More...)

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Sprott - Ask the Expert – Koos Jansen

The Sprott team writes: In this exclusive interview,Koos Jansenanswers questions from our readers about the gold market and the Chinese gold market in particular. (YouTube Audio below).

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Tuesday, April 22, 2014

Obama Faces Asia Allies Uncertain of U.S. Commitment

PresidentBarack Obama’s trip to Asia this week brings him face-to-face with allies who have grown uncertain about his commitment to the region. Even with the president’s pledge to continue “rebalancing” U.S. policy toward Asia, the region’s leaders have been unnerved by Obama’s focus on the crises inSyriaand Ukraine, military budget cuts, and that the U.S. wants a new “great power relationship” withChinathat they worry will reduceJapanand other U.S. allies to second-class status.

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Japan Overhauls its Public Pension Fund

CHIKAFUMI HODOAND TAKAYA YAMAGUCHI for Rueters: (Reuters) -Japanoverhauled the worlds biggest public pension fund on Tuesday, appointing new committee members, in a push toward Prime Minister Shinzo Abes goal of a more aggressive investment strategy. The government announced a reshuffle of the Investment Committee of the $1.26 trillion Government Pension Investment Fund (GPIF), in line with Abes drive to have the fund make riskier investments and rely less on low-yielding governmentbonds. Global financialmarketsare keenly watching GPIFs investment strategy as the fund, bigger than Mexicoseconomy, is a huge investor and a bellwether for other Japanese institutional investors.

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What High Implied Gold Vol?

Noticed reports and mentions Monday of high implied volatility for gold. What high implied volatility, we ask?

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Monday, April 21, 2014

Type Pad Denial of Service Attack

The blog hosting service that hosts Got Gold Report has been under nearly continuous dedicated denial of service attack for five days. We hope it will be resolved soon, but cannot know when it will be. For now, this article explains the situation. SAY Media-Owned Blogging Platform Typepad Enters Day 5 Of On-And-Off DDoS Attacks http://techcrunch.com/2014/04/21/say-media-owned-blogging-platform-typepad-enters-day-5-of-on-and-off-ddos-attacks/ Thank you for your paitence..

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Saturday, April 19, 2014

What's Important - What the COMEX Participants Say or Do?

We read all kinds of commentary on the Web about the positioning of the large traders in gold futures on the COMEX bourse. Rather than argue, let’s just point out something we think is pretty darn interesting if not telling.

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Friday, April 18, 2014

Precipitate Featured in The Northern Miner - Juan de Herrera Shows all the Right Signs for Precipitate Gold

Juan de Herrera shows all the right signs for Precipitate Gold VANCOUVER – Its been exciting – there are a lot of good things going on here that just all seem to be aligning, said Precipitate Gold (TSXV: PRG) president and CEO Jeffery Wilson, in an interview in his Vancouver office. Wilson was discussing Precipitates Ginger Ridge gold target in the Dominican Republic, where the results of a recent geophysical survey align perfectly with surface soil and trench gold-silver anomalies. He could, however, have been describing the companys larger Juan de Herrera gold property or even the entire 120-km long Tireo gold trend

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Why Energy is Catching the Market’s Eye

Frank Holmes,CEO and Chief Investment Officer,U.S. Global Investors writes: Over the last month the energy sector has outperformed the market, and as you can see in the chart below, has done so by 6.5 percent. Year-to-date the sector is beating the SP 500 Index by over 3 percent. In a spectacularly performing market during 2013, energy lacked some of the incredible performance seen throughout the other sectors, but recently it has turned up, catching the attention of the market yet again.

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Abenomics' Most Likely Achievement: Stagflation?

Stephen Harner writes for Forbes: The question—and risk—with “Abenomics” was never whether it could “whip deflation.” That was always both a foregone conclusion and diversion. The question and risk was whether Abenomics would produce mainly stagflation. The predecessor of Kuroda Hirohiko, the current (UK) Cambridge-trained, former Ministry of Finance bureaucrat, ultra-Keynesian Bank of Japan (BOJ) governor, was Shirakawa Masaaki, a career central banker whose monetary economics were honed at the University of Chicago. Shirakawa resigned as BOJ governor on March 19, 2013, clearing the way for a new Abe government to pick its own man to implement a massive, unprecedented level of monetary

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Gold and Silver Disaggregated COT Report (DCOT) for April 18

HOUSTON – The Commodity Futures Trading Commission (CFTC) released data for the disaggregated commitments of traders (DCOT) and Legacy “COT” reports for the week ending April 18, 2014. Our recap of the net positioning for large reporting futures traders is below, compared to the prior week’s data. Source: CFTC for COT data, Cash Market for gold and silver prices. The positioning and price data is as of the close of trade in New York on Tuesday, April 15, 2014. In the DCOT table above a net short position shows as a negative figure in red. A net long position shows in black. In

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Thursday, April 17, 2014

COT Release on Good Friday

According to the release schedule on the CFTC web site, data for the COT week ending Tuesday, April 15, will be released tomorrow, Good Friday, April 18. See Release Schedule: http://www.cftc.gov/MarketReports/CommitmentsofTraders/ReleaseSchedule/index.htm Accordingly we will have our usual DCOT report tomorrow, but probably not at the usual time. Watch for it. Happy holidays.

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Timberline Amends Agreement to Acquire Assets of Wolfpack Gold

COEUR DALENE, IDAHO--(Marketwired - April 17, 2014) - Timberline Resources Corporation (NYSE MKT:TLR)(TSX VENTURE:TBR) (Timberline or the Company) announced today that it has restructured its proposed acquisition of Wolfpack Gold Corp. (TSX VENTURE:WFP) (Wolfpack) and has executed an Amended Letter of Intent (LOI) reflecting the revised terms. Timberlines acquisition of Wolfpack is expected to create a Nevada-focused gold exploration company with a substantial portfolio of quality assets in a world-class jurisdiction. Pursuant to the amended structure, Timberline intends to acquire all of the outstanding shares of a Wolfpack subsidiary which will hold all of Wolfpacks current assets other than its uranium holdings in

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Wednesday, April 16, 2014

Yamana Gold and Agnico Eagle Announce a Friendly Acquisition Agreement With Osisko Mining Corporation

C$8.15 per share offer provides superior shareholder value TORONTO, ONTARIO--(Marketwired - April 16, 2014) - YAMANA GOLD INC. (TSX:YRI)(NYSE:AUY) (Yamana), Agnico Eagle Mines Limited (NYSE:AEM)(TSX:AEM) (Agnico Eagle) and Osisko Mining Corporation (TSX:OSK)(FRANKFURT:EWX) (Osisko) are pleased to announce that they have entered into an agreement (the Agreement) pursuant to which Yamana and Agnico Eagle will jointly acquire 100% of Osiskos issued and outstanding common shares for a total consideration of approximately C$3.9 billion or C$8.15 per share. The total offer consists of approximately C$1.0 billion in cash, approximately C$2.33 billion in Yamana and Agnico Eagle shares, and shares of a new company (Spinco) with

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The Original
Vulture Speculator

Trading gold, silver and mining shares since 1980 with a focus on taking advantage of volatility extremes, Gene Arensberg analyses the markets through a basket of technical and fundamental indicators and shares his findings from time to time here at Got Gold Report. Mr. Arensberg has been quoted in the Wall Street Journal, Dow Jones MarketWatch, USA Today and dozens of other news organizations.

"I've been a huge fan of Gene and his amazing work for years..."

Brien Lundin, CEO, Jefferson Financial, Host of the annual New Orleans Investment Conference and Publisher of Gold Newsletter


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