Cancelling Government Debt held by Central Banks

A theme seems to be emerging discussing this possiblity.

Frank Giustra at the Canaccord Recources Conference - Gold - Mother of all Bubbles - About to witness the greatest transfer of wealth in history

Wide ranging discussion.
"We are about to witness the greatest transfer of wealth in the history of mankind, in a way so stealth most people won't notice, through inflation, people will wake up one day and find their wealth has been destroyed. People will wake up looking for the culprits. A great illusion, Bernanke pointing to the benefits of QE, setting the stage for the transfer of wealth by inflation. People will look for scapegoats"

Junior Gold Merger - Blue Gold with Riverstone

More signs of M&A activity in the junior gold mining and exploration stocks with the announcement that Blue Gold Mining (BGX.v) will merge with Riverstone (RVS.v).

Junior Gold Miner M&A - Eike Batista's AUX acquires Calvista and Galway in Colombia

Brazilian billionaire Eike Batista acquired Ventana in February of 2011 for $1.5bn , with Ventana citing a lack of other options after speculation of higher bids. Ventana's La Bodega / La Mascota was a major discovery of the last junior gold cycle, with a high grade gold discovery in Colombia.

Canaccord Genuity Resources Conference 2012 - Miami

Always interesting to see which companies are promoting to institutional investors.

As money hides away, Gold heads for a blow off top

Interesting views to be expressed in the FT, although in the FTfm sub-section, from John Dizard who often has a different perspective. Usually worth following the "comments" at the FT.
Dizard points to the real mania being in sovereign debt and its end being potentially the stimulus for gold's own blow off. Sounds like he reads Sinclair !

Gold Junior Miner M&A - Argonaut Gold buys Prodigy Gold

Junior Producer Argonaut Gold (AR.TO), who I would categorise as a "growth consolidator" in the gold junior space, led by respected ex Meridian management to a near $1bn market cap with only 100k oz pa current production in Mexico, are to acquire Prodigy Gold (PDG.v) who recently increased resources at their Magino Deposit in Canada ~ 6m oz, relatively low grade - although as Prodigy point out, ranking quite high grade alongside other deposits available for development......

Points to Ponder on Junior Mining Stocks

At Canadian Mine Analysis

http://www.canadianmineanalysis.com/2012/10/some-points-to-ponder-for-the-junior-mining-stocks/#more-295

IMF Game changer? - Enough of that Austerity already

While Central Bank leadership applicants suggest more radical printing policies (see below) the IMF suggests Austerity is damaging growth.

UK Financial Times : UK needs to talk about helicopters - Adair Turner Mansion House Speech

Adair Turner's pitch for the job of Governor of the Bank of England in his Mansion House speech referred to more extreme monetary policy options, taken by many to imply full monetisation of government debt, UK Gilts........

Pimco Turn Goldbug

Mainstream investment houses continue to come to recognise the case for gold......

Carlos Slim's Minera Frisco Buys More Gold & Silver in the Ground from Aurico

Carlos Slim's Precious Metal Mining company, Minera Frisco, announced the purchase of Aurico's Ocampo mine and exploration assets in Chihuahua state Mexico for $750m.
Ocampo was the old Gammon Gold mine.

Aurico's stock jumped 20% higher, they will focus on Young Davidson in Canada and the former Capital Gold assets in Mexico.

So why did the world's richest man want a mine which has always struggled to fulfil its promise under Gammon and Aurico?

http://www.mineweb.com/mineweb/view/mineweb/en/page66?oid=159939&sn=Detail&pid=66

Mines & Money - Australia / London

Upcoming conferences and presentations in October and December 2012

Standard Chartered - Earth's Resources Conference

Presentations from companies presented in June 2012 in Hong Kong.

Stan Bharti - Sulliden - Forbes Manhatten - Aberdeen Management

Stan Bharti's groups of companies have been avoided by some gold investors due to generous management payments, incentives and company structures where Aberdeen float deals from Forbes Manhatten.

This analysis of Sulliden at the Inca Kola blogspot made it to BNN and saw over 6m shares traded in SUE.TO, down 16%

Torex - Morelos Gold Project BFS and raise $350m

Torex (TXG.TO) have demonstrated that there is an appetite for investment in junior gold developers with a fund raising for $350m to progress mine development for production by the end of 2015, hitting 375k oz pa production by 2017. This follows on from their recent Bankable Feasibility Study (BFS)

Hitting $2bn NPV at $2000 gold there is limited leverage to the current $800m market cap.

However this is seen as a safe project, relatively low capex and high margin due to the 5m oz deposit being relatively high grade.....

Gold: Adjusting for Zero - Deutsche Bank go Goldbug

When mainstream banks propose the case for gold it may mark the march of mainstream institutional investors into the relic.

Brent Cook interviewed at Toronto Conference by Tommy Humphreys

Good Discussion

The key, an explorer identifying a big system, getting better.

Investors with a short term mentality get fleeced all the time.

Long term holders, patience to test an idea, move on when thesis disproved.
Big money staying in for a long time on something that is working.

http://www.kitco.com/KitcoNewsVideo/index.html?v=12-09-28brentcook_1

Analyst Junior Gold Stock Picks - Brent Cook - Adam Graf - Ron Stewart

A recent review at "Mining Markets" of some big recent discoveries and developers from Brent Cook, Adam Graf at Dalman Rose, Ron Stewart at Dundee

http://www.miningmarkets.ca/news/analysts-share-their-top-junior-gold-picks/1001700893/

Brent Cook on BNN / Toronto Resource Conference Discussion

Brent Cook on BNN - Frustrating with a slow connection, reviews .......

OT - British Beers

800 UK breweries, the most since WW2.

Edgeworth Beer Festival - Great Beers
Thwaites, Timothy Taylors, and so many local up and Comers

http://www.eraf.org.uk/festival-info.html

Lawrence Roulston Interview

Beneath the Surface interview with Lawrence Roulston of Resource Opportunities. Discusses Goldquest and Santa Cruz Mining
http://www.theaureport.com/pub/video/1325

Trading Gold Miners

Bill Cara and Geoff Goetz write daily at Cara Community and have called recent cycles in gold and the miners well. This is not a gold bug site, but one for serious, studied traders who recognise the precious metals bull market.

Today was a very bullish call on the miners by Geoff.

Toronto Show - Cambridge House

Precious Metals / Resource Companies presenting.
Limited Selection

Rick Rule - On Junior Exploration & Mining

A Long Interview here

http://www.thedailybell.com/4334/Anthony-Wile-Rick-Rule-on-Gold-Silver-and-Why-Junior-Mining-Stocks-Have-Languished

Gold & Silver Exploration - Discovery Stocks - Drill Hole Hits

I have added a new "Page" fixed  at the top of the blog

"Gold & Silver Discovery Stocks"

I shall post great drilling intercepts and discoveries here with the stock charts and a list of company stock prices and Market Caps below.

B2 Gold - CGA Gold Merger / New Gold Blackwater

New Gold announced a new PEA for 500k pa production at Blackwater in British Columbia, getting nicely positioned in the sweet spot of "growth mid tier/consolidator" heading to 1 million oz production.
$1.5 - $2bn capex is quite something to fund from cashflow.

Japan joins Global Easing - What is the Endgame - Gold $15000 Paul Brodsky

Japan Joins the Race to Debase

http://finance.yahoo.com/blogs/breakout/bank-japan-ecb-fed-race-debase-says-kilburg-113550179.html

Interesting discussion by Paul Brodsky at QB Asset Management of the potential endgames involving gold.

Financing for Junior Mining

Yesterday's post referred to Sandstorm's funding of gold streaming agreements.

Today Jim Sinclair suggests that Cluff's deal with Samsung represents a "game changer" for junior financing.

Nolan Watson Interview - $300m to invest in Juniors

Nolan Watson was the very young CFO at Silver Wheaton and then went off to set up Sandstorm, another streaming company which raises equity to finance mining projects in return for a future metal stream at fixed prices. Sandstorm stock has done very well and is now US listed $1bn company.

BMO - 76 New Gold Mines 2012-20 - Emerging Gold Stock Production Growth - Junior M&A Targets

This presentation by BMO dating from May 2012 was referenced by Romarco in their Denver Gold presentation.

A selection of Gold Juniors' Production volumes, Costs and Market Caps

An interesting chart of PEA/PFS/FS production volumes and cash costs for a range of gold development projects, from a Midas Gold presentation, and a table I have added of the companies owning the projects named.

Global Easing

The big print to global reflation continues......
As money is devalued and earns no "safe" return the opportunity cost of investment in gold and hard assets falls.
If inflation takes hold and interest rates start to climb the capital value of bonds falls precipitously ending the 30 year bond bull market. This would be Sinclair's final pillar for a gold bull market.

Pierre Lassonde at the Denver Gold Show 2012

Lassonde is a major industry player, building Franco Nevada and a part of New Gold's growth.

Shortage of Quality Gold Deposits - Brent Cook / Quinton Hennigh

Daniella Cambone from Kitco News interviews Brent Cook and Quinton Hennigh of Exploration Insights at the 2012 Denver Gold Show.

Brent Cook Interview with Ellis Martin September 2012

Interview September 2012.

Gold Price Targets - Alf Field - Jim Sinclair - David Nichols

Jim Sinclair often points to Alf Field for his Elliot Wave analysis of the gold price.

Field wrote on 31st July 2012

In a Discovery Cycle - Northquest, Reservoir, Comstock, Carlin Gold

A number of exploration programmes are bearing the fruits of investment over the past few years. 

We are "In a Discovery Cycle" as Rick Rule describes it.

Gold Stocks Break Out

A good review by Adam Hamilton of "Zeal Research", seeing the gold stocks breaking out.....more....

Richard Russell - Devaluation of debt against Gold

Here Richard Russell, who has written the "Dow Theory Letters"  newsletter since 1958, discusses the role of gold in resolving the debt which is currently choking the planet.