#ExploringMining #Podcast – #Mining
#Stock News from (TSXV: $BNCH.V) (TSXV: $SPOT.V) (TSXV: $PAC.V) Plus Analysis
from EXANTE’s Vitaliy Kin on the Commodities Market
Point Roberts WA, Delta
BC, February 14, 2019 - Investorideas.com,
a global investor news source covering mining and metals stocks releases
today’s edition of Exploring
Mining Podcast, featuring stock news from TSX, TSXV ,CSE,
ASX, NASDAQ, NYSE companies plus
interviews with CEO's and leading experts.
Listen
to the podcast:
Read
this in full at https://www.investorideas.com/news/2020/exploring-mining/02141BNCH-SPOT-PAC.asp
Benchmark Metals Inc. (TSXV:BNCH) has reported continued drilling success in the
Duke's Ridge-Phoenix corridor, which now exceeds 1km in strike length.
Benchmark CEO John Williams commented:
"Drill
confirmation of highly anomalous gold-silver mineralization at Phoenix East
adds significant strike length and potential to the Duke's Ridge-Phoenix
corridor. Drilling is providing continuity along the structure which remains
open in all directions with bulk-tonnage and high-grade mineralization from
surface. Results including 5.8 g/t gold
and 128.7 g/t silver over 33.5 metres core length from surface
[are] providing compelling resource expansion possibilities that favours
shallow, open pit mining methods."
GoldSpot Discoveries Corp. (TSXV:SPOT) announced that it has extended its contract
with Pacton Gold Inc. (TSXV:PAC), allowing the latter to “continue to
benefit from GoldSpot's use of machine learning analysis on available data to
help target drilling and refine advanced exploration efforts on Pacton's Red
Lake properties.” Pacton Executive Chairman Dale Ginn said:
"GoldSpot
continues to support Pacton Gold by providing its expertise in both
conventional geoscience and advanced artificial intelligence, and we appreciate
their strategy of investing in the companies they work with. Field and AI work
to date has assisted greatly in prioritizing high probability targets and has
enabled us to rapidly move to the drilling stage. Our geology team is looking
forward to further input from GoldSpot, especially in anticipation of drill
results and the upcoming field season."
Investorideas.com has received commentary from Vitaliy
Kin, Senior Analyst at global investment broker EXANTE, regarding the
commodities market.
EXANTE
analyst, Vitaly Kin predicts that Gold is due to experience a breakthrough
either today or tomorrow - so investors should keep their eyes peeled on
markets.
Gold
price is back to where it was one month ago. Nevertheless, with this in mind,
EXANTE predicts that the price of Gold
will close very close to where it opened at the start of 2020.
Mr
Kin also claims that the Sino-US Trade Agreement is so strict that there are
fears China will be unable to stick to it and could potentially face serious
sanctions.
Issues
that have been occurring since the Dot.Com bubble in the 1990s still exist;
China hasn’t imposed changes and just continued to do as it wants. But this
could no longer be the case.
For,
why would it? China has created a great US trade deficit by managing to provide
cheaper goods which are of similar quality all over the world. Which consumer
wouldn’t buy them? However, if China doesn’t sign the Agreement and abide by
it, its goods will lose their competitive value, as tariff will be levied and
therefore margins quashed.
Nevertheless,
after comprehensive evaluation, Mr Kin believes that signing the agreement has
more benefits than disadvantages. The
rest of the world wants to surpass China, just like China wants to surpass USA.
The population of India will overtake China in 2025 and the large availability
of cheap labour means it will replace China as the “Factory of the world”.
During
the Trade War of the past two years, a lot of business had gone to other
countries such as G7, 4 Small Dragons, 5 Small Tigers and BRICS.
Chinese
factories are due to re-open following the Lunar New Year holidays. It is said
that the incubation period of the Wuhan Coronavirus can be as long as 24 days, so
high risk still exists during this period. Hope that there is no
cross-infection during this period or else a greater outbreak will occur. The
disease is continuing to spread to other parts of the world but is still under
control outside of China.
The
reopening of these factories will resolve the shortage in supplies that have
been experienced due to production lines being shut down. However, Mr. Kin says
China is taking a high risk reopening factories and will have to be closely
observed, with more suspected cases of coronavirus now being confirmed.
It
is said that the incubation period of the Wuhan Coronavirus can be as long as
24 days, so high risk still exists during this period.
The
3 major indices of US broke record high again. It has already been predicted
that they will go over 30,000, but this
is now inevitable.
Oil
prices are down to US$50. Gold price is in its original place as one month ago.
US
tech sector 1 month performance doesn't look as good as everyone is used to.
Still the Dow will continue to bloom in 2020, as we are in a bullish trend.
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