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1/9/20

Granada Gold (GGM.v): Frank Basa is a conman who belongs in jail...

...and not at the helm of any sort of company, let alone a junior exploreco set up to rip off newbies and stuff his dirty pockets with filthy lucre. This first 2020 example of this excuse of a human's bullshit is here, Granada Gold (GGM.v) not sparing any blushes with its title:

Granada Gold Mine Intersects 11.45 g/t Gold Over 33 Meters, Supports Continuity of High-Grade Structures

33m of 11.45 g/t gold! Wowsers, that's a great hit and the company must be onto a real winner with....ah...what's this?
"...11.45 g/t in drill hole GR-19-A from 0 to 33 m core length including high-grade intercepts of 42.5 g/t from 0 to 1.5 m, 480 g/t from 8.1 to 8.5 m, and 70.8 g/t from 31.9 to 32.4 m."
 Hmmm, that's not quite the same thing now, is it? So let us plug those numbers into the handy-dandy drillcore calc thingy and...



Oh. Not good. Frank Basa has been grade smearing. Naughty naughty boy. And as for the trading in GGM today, please be aware that every single person who bought that spike on the right hand side of this ten day chart has been swindled by a cheat and a liar. They will lose their money.


1/8/20

Gold geopoliticals: IKN keeps it real

From the intro to this week's edition of The IKN Weekly, out last Sunday evening:


All the geopolitical risk you can eat this weekend, what with the Suleimani episode over in Baghdad and the ramifications as “tensions escalate” (always wanted to work as a sub-ed at Bloomberg), so let us remind readers that geopolitical events do not have a long-lasting effect on the price of gold. Agreed that it used to be like that, but we have a mountain of evidence to show that spikes in the price of gold and precious metals (as well as dips in the industrial metals) are transitory at best, no matter how big or headline-capturing the event may be. We’ve seen it enough times before, when Israel flew bombing raids on Iranian nuclear facilities, or when Russia annexed the Crimea peninsula and shot down a passenger jet, or when the Brexit vote threw Europe into a tizzy. I do expect gold to pop tomorrow (EDIT: Sunday evening futures have gold up 2% at U$1,580/oz), but also expect the effect on the assassination of the General to be of limited effect to the gold market, once the ripples have died down.

1/5/20

The IKN Weekly, out now



No pumping allowed  here

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