Vulture In Review

Tuesday, August 26, 2014

Asanko Gold Eliminates 2% NSR Royalty

Vancouver, British Columbia, August 26, 2014 -- Asanko Gold Inc. (Asanko or the Company) (TSX, NYSE MKT: AKG) announces that it has entered into a settlement agreement (Agreement) with a private Ghanaian company, Goknet Mining Company (Goknet), to eliminate Goknets claim for a 2% net smelter return (NSR) royalty on Phase 1 of the Companys flagship Asanko Gold Mine Project (AGM or the Project).

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UPDATE 1-U.S. court scraps order to seize Kurdish crude from tanker near Texas

Terry WadeandAnna Driverwriting for Reuters: Aug 25 (Reuters) - A U.S. court on Monday threw out an order to seize some 1 million barrels of disputed Iraqi Kurdishcrude oilfrom a tanker near Texas, a move that could allow the cargo to be delivered and end a nearly month-long impasse.

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Monday, August 25, 2014

Up One More Notch on the Bid for Millrock

Up One More Notch on the Bid for Millrock, as shown,(until we max out on shares). Sellers have dried up and shares have become a little more precious.

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Kamikaze Seller on Goldquest hits our Stinker Bid

A large freaky seller shows on GoldQuest (GQC.V) and ends up selling into our $0.20 stinker this Monday. So far the seller has dumped 341K shares as of 15:30 through Anon, House 001. We took our share of the spoils as shown. Of course everyone should study the issues carefully and decide for themselves if they even want a piece of GQC!

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CIBC Confirms Pretivm's Resources, Reserves Estimates At Brucejack

Alex Létourneau reports for Kitco News. On a recent site visit to Pretivm Resources Inc.’s (TSX:PVG) Brucejack project in British Columbia, analysts from Canadian bank CIBC say they liked what they saw and that estimates are in line with Pretivm’s reporting. “Overall, we came away confident from the trip from the standpoint that the underground review of veining and mineralization appeared to largely confirm the interpretations made by Pretivm in its resource/reserve estimates,” they say.

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Ampio Pharma (AMPE) Addresses Common Concerns of STEP Study, Ampion Plans

(Another hopeful drug company working on a drug for the relief of OA. Whereas Intermune is victorious today, Ampion has stubbed its toe with botched shipping of the drug used in a trial. It calls to mind the opening of the old TV showABCs Wide World of Sports ... The Thrill of Victory ... and the Agony of Defeat.) Ampio Pharma (NYSE: AMPE) is issuing this response to the most commonly asked questions in regards to the STEP study and clarify its plan for moving forward with Ampion for osteoarthritis of the knee.

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New PEA for Paramount Gold’s San Miguel Project Confirms Robust Combination of Heap Leaching and Milling

Low Initial Capital of $69 Million and Low Operating Costs Generate Exceptional Economics Quick Payback of Initial Capital in 3rd Year of Production Estimated Average Annual Production of 55,000 ozs. Gold and 2.8 Million ozs. Silver for 17 Years Estimated Base Case Pre-Tax NPV of US$472.6 Million at a 5% Discount Rate and IRR of 23.2% August 25, 2014 - Paramount Gold and Silver Corp. (NYSE/TSX:PZG) (Frankfurt: P6G WKN:A0HGKQ) (Paramount) announced today the results of a Preliminary Economic Assessment (PEA) for its 100%-owned San Miguel gold and silver project located in Chihuahua State, Mexico. The PEA was prepared by Metal Mining Consultants Inc.

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Roche Holding Agrees to Buy InterMune for $8.3 Billion

(Note: Of particular interest to people suffering from Pulmonary Fibrosis or PF, especially Idiopathic Pulmonary Fibrosis or IPF.) Michelle Fay Cortez and Phil Serafino report for Bloomberg.Roche Holding AG (ROG) agreed to buy InterMune Inc. (ITMN) for about $8.3 billion in cash, gaining access to what may be the first drug in the U.S. for a lung disease that can be fatal within five years of diagnosis.

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European Shares Lifted by Prospect of More ECB Stimulus

* Draghi comments raise expectations of more easing * Draghi offsets negative pressure from weak Ifo number * CAC up 0.9 pct in spite of French govt resignation * London stock market closed for public holiday * Euro STOXX 50 up 0.9 pct Sudip Kar-Guptareports for Reuters: LONDON, Aug 25 (Reuters) - European shares rose on Monday, as prospects of new stimulus measures from the European Central Bank enabled the regions stock markets to shrug off weak German data and the resignation of the French government. European Central Bank President Mario Draghi, speaking at a global central banking conference in Jackson Hole, Wyoming,

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Gold/Silver Ratio Favorable for Gold Trade

If we had not already made our gold-for-silver trade for 2014earlier in the year then we would take advantage of the Gold/Silver Ratio (GSR) where it is nowto trade some gold for silver now or soon. See our contemporaneous comments along those lines in the graph itself.

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Sunday, August 24, 2014

Fed's Yellen calls for caution on rates; Draghi says ECB ready to act

From the Sydney Morning Herald: Reuters -- The Federal Reserve should move cautiously in deciding when to raise interest rates given the US labour market remains bruised from the Great Recession, Fed Chair Janet Yellen said on Friday amid calls from policy hawks for a near-term rate hike. In a speech at the Feds annual central bank conference, Yellen laid out in detail why she feels the unemployment rate alone is inadequate to evaluate the strength of the jobs market and why the central bank needs to step gingerly. Her remarks were followed by a speech by the head of the European Central

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Pento – Bonds Signaling Something all right, but not what Pundits Say

Michael Pento, Pento Portfolio Strategies, among other things, said: “Few commentators in the U.S. are willing to admit that plunging bond yields are signaling the same thing here as in the rest of the world, which is the inability of massive central bank money printing to engender real growth. These pundits have a myriad of other excuses to explain our low borrowing costs. But my favorite red herring is to attribute the cause of our plunging yields to the low yields in Europe and Japan. They claim that the yield spread alone is causing a monetary deluge into U.S. debt. It is true

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Saturday, August 23, 2014

Drill Results Expected for Constantine, We Up the Bid One More Notch for Millrock

Following the announcement by Constantine Metal Resources (CEM.V)of the addition of JOGMEC to the equity funding side, a big plus in our view as it spreads risk and shows confidence by a government organization in the Dowa/CEM efforts at Palmer, we are expecting drill results from the very high grade VMS (volcanogenic massive sulfide) deposit. Remember that the terrain is very challenging so it wont be surprising if they lost some of the holes before they hit targets. The ones we will be interested in are the ones that did hit targets. Did I say “challenging?” Take a look at this image captured

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Russell 2000 - Possible Signs of Distribution/Topping

The Russell 2000 Index of Small Caps is showing signs of a top or at the very least a pause. The signature suggests distribution has been underway since February. The $RUT is a barometer indicator at GGR and one thatwe think bears watching.

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If a Precious Metals Squeeze Develops Look to Swap Dealer Gold Positions as a Cause

Elsewhere we mentioned that if a squeeze got underway it likely would not be because of the overly large short positions held by Swap Dealers in silver futures. No, if a squeeze develops, it is more likely to be caused by the Swap Dealer positioning in gold futures. Consider the data table below as “Exhibit A”.

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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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