The Gold Fever In Europe: Germany, Netherlands, France, Belgium - Now Austria Considers Repatriating Its Gold.
The Gold market is getting hotter by the day and repatriation virus is spreading fast in Europe. Do we have some kind of ECB coordinated Gold plan in place ongoing now? Or is it just the realisation that China, India And Russia are putting the enormous strain on the Gold paper market and demand is overwhelming supply now?
Nobody believes that Gold can make a true reversal here. Sentiments are at total extreme. We have the capitulation in gold miners and, maybe, this is the sign of the end of this gold bear market.
Very interesting conversation about Gold, market fundamentals, supply and demand from Scotiabank conference, including Rob McEwen.
Rick Rules gives us the very good description of the Capitulation in the Gold and Resource markets. By my personal observations we just had it in place. Rick outlines the big picture for Resources Sector perfectly. This is why I am personally in this business. Real assets will be needed, particularly if and when we will have the growing world-wide economy. We can discuss all these details all time long and it will never matter before Mr Market will turn - maybe it is happening now.
Please pay attention one more time what Alan Greenspan has been talking about FED and Gold! These are truly remarkable revelations at this particular turning point.
We are moving forward with our companies: TNR Gold and International Lithium and advancing our projects. International Lithium enjoys two active J/V programs with Ganfeng Lithium, which is expanding their vertically integrated Lithium business in China now. In TNR Gold we have just concluded the major deal with McEwen Mining. Now TNR Gold holds NSR Royalty in "One of the World's largest undeveloped Copper deposits" - according to McEwen Mining, which is now for sale with clear title. TNR Gold has received shares in McEwen Mining and will get 1% of Los Azules copper project sale if it is done within next 36 months. This is the very nice addition to all our other assets: International Lithium 25.5% stake and 100% in Shotgun Gold deposit.