A Marked Gold Gain Amid Horrific Middle East Headlines

Purchases, 'ideas,' bottom-barrel choices 
and preferred miners, see below please.

Gold Price rising 3%, or $60: See chart please.

Silver price: up 4.5% See chart please.

It is with heavy heart and tumultuous mind that we see a Middle East nightmare of war boosting prices of our preferred natural resource. 

As for metals across the board, metals that until a week ago were in a spring-summer funk:

Copper’s price is flat — China drag. [All prices are continuous futures contracts.]

Oil’s price (West Texas Intermediate) is gaining 5%.

Platinum‘s price is lagging yet rising modestly after several choppy weeks of decline. See chart.

Also, Newmont‘s $15 billion purchase of Newcrest Mining is finalized. It is seen as the largest-ever gold merger.  

All of the gold-silver-mining ETFs and indexes are rising 5% or so.

Those seeking bottom-of-the-barrel ‘ideas,’ as in obscure explorers, I have high hopes for our Val-d’Or Mining, a Québec-Ontario explorer-vendor of properties VZZ VDOMF. 

Also, as described earlier this week, C3 Metals CCCM CUAUF, whose shares I have added to here at home.

C3’s Dan Symons is out with copper-gold assays at the Jamaica project I visited. C3 shares were moving higher with considerable trading volume when results surfaced from the target at an area called Bellas Gate.

The target, Provost, netted 112 meters of 0.35% copper and 0.13 gram gold. Silver, too. Assays here please.

The drillers stopped drilling after 418 meters when a fault zone proved problematic. See The Calandra Report/TCR here please. 

On the less speculative end of the investment curve, as gold’s price (as I expect) continues to improve: royalty companies — my favorite and third longest held holding in nat-resources after Ivanhoe Mines IVN and Xtra-Gold Resources IVPAF is EMX Royalty. Please see previous TCRs for everything you might want to know about EMX — dividend ahead?

Among developers: Osino Resources and its Twin Hills gold project in Namibia. OSI OSIIF. Likely firm financing for the project just ahead, albeit with possibly (I am told) a small portion of equity dilution. Osino also could be sold to a larger entity, perhaps B2Gold (also in Africa).\

An aside: DHT Maritime Holdings, a European “very large VLCC” crude oil and LNG carrier, is my top gainer today, this week and most of October. DHT looks like it is reaping strong spot rates for crude shippers in a setting that is as hot and cold and hot again as gelato and red pepper flakes.