Demand has grown 27% annually
Gold investors know all too well the psychological importance of $1,000 gold. The yellow metal’s been hovering frustratingly near that level for weeks after briefly surpassing it in February. According to John Kaiser, editor of the Kaiser Bottom-Fishing Report, “we’re getting very close.” In this exclusive interview with The Gold Report, John shares his “modest” price forecast of $1,300 – $1,400 within the next six months and presents strategies for gold companies looking to create value.
The Gold Report: John, you have said that you believe gold may go up to $1,300 to $1,400, but probably not higher. Can you give our readers an overview of how you achieved those targets?
John Kaiser: I think we’re ready for a real increase in the price of gold, which is why I am looking at more modest targets, such as $1,300 to $1,400, happening fairly quickly, probably bouncing plus or minus $200 or $300, around that level, but it’s a real price increase without a corresponding catastrophic collapse in the U.S. dollar or hyperinflation descending upon us.
To read the entire interview, click here.
Bob Moriarity, the founder of 321 Gold sat down with The Gold Report for this compelling interview:
Is this the biggest suckers rally in history?
Rob Kirby of Kirby Analytics in Toronto has reviewed U.S. Geological Survey reports and finds that they suggest huge recent exports of gold from the United States in amounts far greater than gold reported mined in the country. This implies the surreptitious dishoarding of the U.S. gold reserve. Kirby’s commentary about this is headlined “U.S. Gold — Going or Completely Gone?”
To view the complete article, click here.
Bitten by the gold bug, Chinese investors are now rushing to hoard the yellow metal as fears over the global recession deepen.
The increased sales of gold bars and gold jewelry in Shanghai, Beijing, Guangzhou and other large cities are reflected in the precious metal’s price surge on the Shanghai Gold Exchange (SGE), which trades in gold contracts for forward deliveries. Gold prices quoted on the SGE have increased by an average 6.74 percent in the past month to the current level of about 209 yuan a gram.
“Gold demand in China in the first quarter rose to 114 tons, up 2 percent over the same period last year, solely boosted by an increase in jewelry demand,” according to the latest Gold Demand Trends report for the first quarter of 2009 published by the World Gold Council.
The report said global demand for gold rose 38 percent year-on-year to 1,016 tons, representing a 36 percent rise in value. China is the world’s second largest gold consuming country after India.
To view the complete article, click here.
Triangle Petroleum Corporation (OTC BB: TPLM; TSX-V: TPE)
Triangle Petroleum Corporation’s CEO, Mr. Mark Gustafson was recently interviewed by Clif Droke (www.clifdroke.com) and featured in the May edition of the Junior Mining Stock Report. The Junior Mining Stock Report goes out to a paid subscriber base and is also syndicated to a number of top resource centric portals on the internet that report on the current natural resource and energy industry. During the interview, Mark covered the history and management team of Triangle Petroleum as well as the project background and operational overview of Triangle’s core shale gas exploration project in the Eastern Maritimes region of Nova Scotia, Canada – the Windsor Block property – a 475,000 gross acre block, Horton Bluff target that is highly prospective for shale gas exploration and discovery.
Triangle is in the midst of a multi well test development phase on the property and is currently in an active completion mode on several wells which they are hopeful of establishing the key signposts of production capability in their ongoing efforts to establish the basin as a commercially viable shale gas field. A third party independent study on the property by Ryder Scott, one of the premiere engineering firms in the industry has assigned Triangle’s Windsor Block property with an estimated 69 trillion cubic feet of original gas in place. With that much gas in place, there is no question about the fact that Triangle has made a major energy discovery, the key value driver going forward will be their ability to “pick the zones geologic lock” and produce from the field commercially (read: economically). With the winter season in the area now over, Triangle has stepped up operations at the property and (along with their joint venture partners Zodiac Exploration and Contact Exploration) is moving the project forward towards their collective goal.
The price of natural gas has come back strongly over the past few weeks and hit upwards of $4.50 per mcf (1 mcf = 1,000 cubic feet) recently before moving back down into the high three to low four dollar range depending on what region you are in. Analysts expect continued volatility in the market in the near term with many calling for a break to higher prices in the latter half of 2010 and into 2011 as the falling north American rig counts continue to cut into new supplies coming on line. Triangle’s goal is to move the field towards commerciality in the near to mid-term and be in a position to produce at around the same time as many expect there will be a stronger market in the northeast for natural gas.
Triangle Petroleum was successful in paying down their debt to a debt free level in the latter part of 2008 and currently has about C$8 million in the till to move forward with their aggressive but pragmatic development strategy. Triangle is also on the hunt for additional JV partners at this time to extend their reach into the large and highly prospective basin. Triangle presently has a large institutional investor ownership of its shares (over 50%), so some of the smart money is already entrenched in their camp and looking for them to be successful in the Nova Scotia project.
Triangle’s Windsor Block property shares many of the key physical and technical characteristics (and in some cases has even better metrics) present in some of North America’s most prolific and productive shale gas basins such as the Barnett in Texas and the Fayetteville in Arkansas. If Triangle is ultimately successful in proving up the commercial nature of this very large basin (the Windsor Block parcel is roughly 800 square miles) they could become the lead player in a rapid escalation of interest and energy value creation at a time when resources that contribute to North America’s energy independence could carry a very lucrative premium.
Here is a link to the full printed interview: http://www.babybulls.com/CD_triangle_petroleum.pdf
Triangle Petroleum also recently made available to investors and potential investors, an updated four page marketing brochure. The brochure, which can be viewed by clicking on the following link, http://www.babybulls.com/TPLM-CorpProf_May09.pdf, describes the Company’s current operations and opportunities. We believe that existing investors and potential investors will enjoy the new format and layout as both will get a better understanding of the Company.
A copy of the brochure is also available here.
We look forward to the continued growth of the Company and its progress and success going forward. As always, we will provide timely reporting and analysis of Triangle Petroleum’s activities to ensure that we maintain an informed investor audience.
For more detailed information about Triangle Petroleum, its properties, and its opportunities, please look at the investment overview available at http://www.babybulls.com/profile_tplm.htm.
For information on this as well as other promising emerging growth micro-cap companies, please visit us at www.babybulls.com.
Disclaimer: BabyBulls.com is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities to buy or sell. Investors should always check with their licensed financial advisor and their tax advisor to determine the suitability of any investment. For full disclaimer details click here
a Production of BabyBulls.com
TORONTO, ONTARIO–(MARKET WIRE)–May 27, 2009 — Victoria Gold Corp. (CDNX:VIT.V – News) (“Victoria” or “the Company”) is pleased to announce that 95.97% of the shares of StrataGold Corporation (“StrataGold”), voted at the special meeting of the shareholders of StrataGold held in Vancouver on May 26, 2009, representing well over the required two-thirds, voted in favor of the acquisition of StrataGold by Victoria (the “Acquisition”).
Mr. Chad Williams, President, CEO, and a Director of Victoria said “The acquisition of StrataGold is an important and positive milestone for Victoria for the following reasons:
- Increases Victoria’s total National Instrument 43-101 (“NI 43-101″) gold resources from 1.2 million ounces to 4.4 million ounces with just 17% equity dilution reflecting an acquisition cost of under $3 per gold ounce per share at a time when the gold price is nearing all-time highs,
- Provides Victoria with control of StrataGold’s gold project portfolio that has substantial exploration and possible mine development growth potential, much of which is located in lower-risk jurisdictions,
- Adds gold assets to which Victoria will use its proven exploration and mine development expertise to add value per share.”
Click here for the full story.
NEW YORK (MarketWatch) — The biggest mutual fund firms are well known to investors, but this year some small funds are also making a name for themselves.
Take Encompass Fund (ENCPX 6.51, +0.01, +0.15%) , up 62% this year as of Wednesday’s close. The fund, which will celebrate its third anniversary on June 30, has less than $3 million in assets but its managers hope it will eventually have up to $200 million.
Another small fund, the $30 million Teberg Fund (TEBRX 8.23, -0.02, -0.24%) , is up 10.5% after slumping 27% last year. The Duluth, Minn.-based fund is run by former broker Curtis Teberg and invests in other mutual funds and exchange-traded funds.
Click here for the full story.
Torrey Hills Capital/BabyBulls.com will be attending the 2009 World Resource Investment Conference in Vancouver Canada June 7-8. We are looking forward to seeing many of our clients and meeting some new contacts at the show! The show is free to attend if you preregister – you can do that online at www.cambridgehouse.ca
If you would like to meet up with us in Vancouver just send an email to firstname.lastname@example.org and we can arrange a time.
In this morning’s Daily Research Highlights, Blackmont Capital of Toronto maintains its BUY recommendation and C$0.90 target price on ECU Silver (TSX: ECU), based on 1.0x NAV. ECU is currently trading at an EV/oz of total resource of $0.55/oz, well below the average of $1.01/oz for its junior producing peers and still below even the $0.67/oz average for the junior exploration group.
A copy of the research report is available at http://bkm.bluecurve.net:8080/BlueCurveRMS/pdfs/971220.pdf.