We have a nice short squeeze today in the gold market and Gold is marching back towards $1,300 threshold after being smashed this week. U.S. GDP for Q4 came below expectations at 2.6% and there are more and more talks about the strong dollar killing export and corporate earnings. The upbeat on economy FED can face a very different reality after the Oil crash will make its way throughout the system with massive layoffs, cuts on CAPEX and even ... stop of shares buybacks.
Meanwhile Koos Jansen reports that in China people are buying Gold in record amounts, every dip in price is being bought literally and first 3 weeks in 2015 have seen 202 t of Gold withdrawn from SGE.
Miners start to move up again and NOVAGOLD is quite on fire after its positive news from Alaska, hopefully our Shotgun Project will get the proper attention with gold breaking above $1,300.
We have another positive release from NOVAGOLD for Gold mining in Alaska. Now the Gold price above $1,300 should bring interest back to this safe mining jurisdiction and TNR Gold Shotgun Gold project.