Maudore Minerals Insider Buying Update – Anglo Pacific Group PLC

March 31, 2010

Maudore Minerals (TSX-V: MAO and OTC: MAOMF) released another round of excellent drill results at their 100% owned Comtois Gold project in the Abitibi Greenstone Belt of Quebec last week (Wednesday, March 24 -2010)   

Link:  Maudore Drilling Adds High Grade Gold Mineralization in All Project Areas

 – which we saw as great news for the Company, and furthered our opinion that Maudore’s continued success with their drilling program is adding value to a Company that has already discovered a high grade gold deposit (524,000 ounces at 20+ g/t) – in one of the very best gold jurisdictions in the world – with Val-d’Or to the south and Timmons/Kirkland Lake to the west.

Therefore, we see this recent round of what we assume is some interim profit taking in the market by a few Maudore investors as a great opportunity to own Maudore shares at a nice discount to recent prices of over CAD$4 per share. One of Maudore’s largest investors , Anglo Pacific Group PLC out of London has also decided to add to their position lately as evidenced by the chart below, showing that they have accumulated an additional 114,100 shares (roughly $450K of stock) over the past couple of weeks. We have included a snapshot of the recent buying by Anglo Pacific Group PLC below. You can continue to track this by going to www.canadianinsider.com and putting MAO into the box on the right hand side.

With four drills turning on the property 24/7 and the updated 43-101 report due out soon (Q2-2010) we are expecting good news flow from Maudore over the next few months and will continue to keep you informed as these events unfold.

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WGC Releases China Gold Report – Demand to Far Exceed Supply

March 31, 2010

The World Gold Council’s China Gold Report entitled “Gold in the Year of the Tiger” suggests that gold consumption in China will continue to catch up with the rest of the world.  For the most part, the WGC never writes anything bullish about gold, and this article is astoundingly bullish.  China just became the world’s largest producer of gold last year, and already the report says it may be FULLY DEPLETED in just six years.  China will need to spend HUGE money on gold (and silver) in the next decade, particularly given that not only are they the largest CONSUMER of gold as well, but also have the most to lose from devaluation of paper currency against real money.  Below are excerpts from the report.

“The World Gold Council (WGC) believes that gold consumption in China will continue to catch up with the rest of the world following the deregulation of the Chinese gold market in 2001. Demand from China’s two largest sectors (jewellery and investment) reached a combined total of 423 tonnes in 2009 but domestic mine supply contributed only 314 tonnes during the same year. This Shortfall creates a “snowball” effect as China’s gold industry may not be able to keep pace with the annual leap in domestic consumption despite rising to be the world’s largest gold producer since 2007. Although the country’s appetite for gold has grown, making China the second largest consumer in the world, demand in China per capita has a lot of catching up to do to equal that of Western economies. In jewellery, the Chinese per capita consumption is one of the lowest at 0.26gm when compared to countries with similar gold cultures. If gold were consumed at the same rate per capita as in India, Hong Kong or Saudi Arabia, annual Chinese demand could increase by at least 100 tonnes to as much as 4,000 tonnes in this sector alone. Nearterm inflationary expectations and rising income levels are likely to support the investment case for gold as an asset class, especially given that Chinese consumers are high savers and are looking to gold to protect their wealth.”

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China’s Insatiable Appetite for Gold – Demand Exceeds Supply

March 31, 2010

LONDON – The latest research document from the World Gold Council comes from their analyst in China, Elly Ong.  The study looks at both supply and demand in the country, concluding that the economic demographics of the country support a robust outlook for gold demand and that the sustained structural shift in Chinese gold demand and supply “potentially creates a brave new world for China’s gold industry”, with an insatiable appetite for gold that looks likely to continue while local domestic mine supply lags behind demand.  The Council expects Chinese gold demand to double over the next decade, driven primarily by jewellery and investment – with jewellery fluctuating on a cyclical basis, while investment demand has both a cyclical and a counter-cyclical element.

In the conclusion to the study, WEGC points out that “Time will tell how China will evolve, as the nation faces multiple challenges in the wake of the global financial crisis.  With ongoing uncertainties surrounding the economic recovery, currency and inflation, the search for alternative international asset choices for both investors and the central bank should, in our view and for the reasons outlined in this report, clearly involve consideration of gold.  Investors may be mindful that the volatility that we have seen in the past two years is not necessarily an isolated event and we may have to prepare for a more protracted recovery than in past cycles”.

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Copper Hits 19-Month High

March 31, 2010

LONDON (Reuters) – Copper hit a 19-month high on Tuesday, as a falling dollar and rising risk appetite boosted prices, with positive expectations for fund flows and metals demand going into the second quarter.

Benchmark copper for three-month delivery CMCU3 on the London Metal Exchange traded at $7,821 a tonne from $7,770 at the close on Monday.

Copper, used in power and construction, touched a high at $7,835 a tonne, as the euro hit a one-week high against the dollar on relief that debt-laden Greece was able to raise funds from the market. [USD/]

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Northcore Partners with Home Hardware to Provide Working Capital Engine

March 30, 2010

Northcore Technologies (OTCBB: NTLNF; TSX: NTI) has completed the initial launch of an intranet for Home Hardware Stores Limited.  Northcore and Home Hardware have collaborated to create an online forum which connects more than 1,000 independently-owned Home Hardware member stores and their key suppliers.

The Home Hardware intranet utilizes Northcore’s Working Capital Engine.  Accordingly, it will enable Home Hardware to improve its working capital position by having a new channel to sell surplus or under-utilized assets and evaluate both new and used equipment in its ongoing purchasing decisions. 

Northcore’s partnership with Home Hardware is a major announcement in that it can be replicated for other smaller and larger entities which require and would benefit from such a working capital solution.  And while Northcore has been seemingly quiet as of late, today’s announcment is indicative of the hard work going on behind the scenes.  Relationships like these don’t happen overnight, it can take weeks and even months for both parties to get comfortable with each other and each other’s capabilities.  Equally important, this was not the Company’s only project.  There are several other projects in various stages of completion which we hope and expect to hear about in the not too distant future.  But, for now this is extremely positive news.

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Ken Gerbino: The Gold Market and Precious Metals

March 30, 2010

 The Dollar

Assumptions:  The majority of global investable funds under the management of small, medium and large institutions and private individuals are already placed in various asset classes.

The graph below is showing that $4.6 trillion of negative influences against the U.S. dollar value will be forthcoming from both a negative trade account devaluing the dollar and currency created by the Federal Reserve to accommodate the U.S budget deficits depreciating the dollar. All numbers averaged from the CBO, Dept. of Commerce.

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Royal Canadian Mint Reports C$1 Billion in 2008 Bullion and Refinery Revenue

March 30, 2010

RENO, NV – After a year-long delay caused by C$15 million in missing gold, the Royal Canadian Mint’s 2008 annual report has finally been made public revealed a 266% increase in bullion and refinery revenues to C$1.04 billion.

Annual bullion and production figures for 2009 are expected to be released next month.

The 2008 report estimated gold bullion sales rose to 896,000 ounces, an astounding 221.9% increase over the 278,600 ounces in gold bullion reported by the mint in 2007. The mint attributed the increase to “strong demand for Gold Maple Leaf coins, waters and bars.”

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