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Aurcana Corporation Message Board

freepostg 48 posts  |  Last Activity: Sep 25, 2014 8:49 AM Member since: Oct 31, 2009
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  • Reply to

    DRILLLING NEWS RELEASE!

    by daviddoig99 Sep 25, 2014 6:57 AM
    freepostg freepostg Sep 25, 2014 8:49 AM Flag

    Pio, the U.S. dollar is up quite a lot again today...this massive increase in the dollar has certainly had an affect on gold. I can't see this lasting too much longer as other countrys' currencies continue to fall. I'm wondering how much weight a "too high dollar" has on the fed's future decision to ramp up the presses once again?

    Sentiment: Strong Buy

  • Reply to

    Buy signal, RBY

    by rockyreiss2 Sep 23, 2014 2:57 PM
    freepostg freepostg Sep 23, 2014 8:02 PM Flag

    Rocky, have a listen to Jim Rickards if you have a chance, he seems to feel that both inflation or deflation is good for gold.

    Sentiment: Strong Buy

  • http://www.europac.net/commentaries/new_fed_playbook_new_normal

  • Reply to

    Denver Gold Forum Webcast Today

    by sideline1000 Sep 16, 2014 10:42 PM
    freepostg freepostg Sep 16, 2014 10:49 PM Flag

    Good stuff. Thanks Sideline. All is well in Red Lake...but a few hours away from where I reside. They have the gold!

    Sentiment: Strong Buy

  • freepostg freepostg Sep 16, 2014 7:22 PM Flag

    Very True Pio. Thanks. I look forward to seeing whether it is in fact China behind the tremendous rise in open interest on the comex re. silver. The next month or two may be quite interesting!

    Sentiment: Strong Buy

  • freepostg by freepostg Sep 16, 2014 6:34 PM Flag

    China's Hoard:
    Russia is among nations that added gold to reserves this year, boosting holdings to the highest in at least two decades and surpassing China’s hoard to become the fifth-largest by country, data from the council show.

    “I don’t know if China has been boosting their official gold reserves,” said Marsh, who co-founded the group that tracks economic and monetary policies. “But I’d rather think over the past six or seven years the Chinese authorities probably have been adding to their holdings in different ways.”

    Foreign-exchange reserves of China, the second-biggest economy, have nearly doubled to $3.99 trillion since April 2009 when the nation last announced changes to bullion holdings, according to State Administration of Foreign Exchange data. Last year the country, also the biggest bullion producer, overtook India as the top gold user after price declines spurred buying.

    The U.S. holds 8,133.5 tons of gold in reserves, while Germany keeps 3,384.2 tons and Italy has 2,451.8 tons, World Gold Council data show. Russia keeps 1,105.3 tons, or 9.8 percent of its total holdings, according to the data.

  • freepostg freepostg Sep 16, 2014 6:15 PM Flag

    there's more but I can't post it

  • By Bloomberg News Sep 15, 2014 10:59 PM ET
    China may join other emerging countries in boosting gold reserves as the precious metal makes up a smaller share of its foreign-exchange holdings compared with developed economies, said a London-based researcher.

    The country hasn’t announced any changes to state gold reserves since authorities in 2009 said holdings totaled 1,054.1 metric tons. While China holds the world’s biggest foreign-exchange reserves, bullion accounts for 1.1 percent of the total, compared with about 70 percent for the U.S. and Germany, the biggest gold holders, World Gold Council data show.

    “It is clear that western central banks over time will be reducing their reserves and China and other Asian countries will be increasing,” David Marsh, managing director at the Official Monetary and Financial Institutions Forum, said in a Sept. 11 interview in Beijing. “Gold will become more traded amongst central banks in the next 30 years because there are colossal imbalances in world gold holdings as a percentage of overall asset reserves.”

    Central banks, net buyers of gold for 14 straight quarters, helped limit bullion’s losses last year that were the most since 1981 and may increase purchases to as much as 500 tons this year after adding 409 tons last year, the London-based council said Aug. 14. The precious metal rose 3 percent this year as geopolitical tensions boosted demand for a haven.

    Bullion for immediate delivery climbed 0.3 percent to $1,237.04 by 10:44 a.m. in Beijing, according to Bloomberg generic pricing. The metal fell 28 percent last year, the biggest annual decline in more than three decades, and is down 36 percent from a record $1,921.17 reached on Sept. 6, 2011.

    Sentiment: Strong Buy

  • Reply to

    All In Costs

    by pioneerrubi Sep 16, 2014 10:58 AM
    freepostg freepostg Sep 16, 2014 11:57 AM Flag

    good info...thanks Pio!

    Sentiment: Strong Buy

  • Reply to

    Anyone here going to Denver?

    by freepostg Sep 15, 2014 1:45 PM
    freepostg freepostg Sep 15, 2014 4:56 PM Flag

    Thanks Pio, I hope they have time to entertain questions. I'll watch for the vid.

  • I wouldn't think there would be many if any from this board...just thought I'd ask. I'm hoping to listen to the presentation when made although I'm sure it will reflect the most recent corp. presentation.

    Sentiment: Strong Buy

  • freepostg freepostg Sep 13, 2014 12:29 PM Flag

    It certainly is Jef. Fantastic to say the least. Just reinforces the quality of this company as well as it's terrific potential! Great things to come ...just around the corner!

    Sentiment: Strong Buy

  • S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
    09/12/2014
    Results of the Quarterly Review of the S&P/TSX Composite Index

    TORONTO, Sept. 12, 2014 /CNW/ - S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices after the close of trading on Friday, September 19, 2014:

    S&P/TSX EQUAL WEIGHT GLOBAL GOLD INDEX

    ADDITIONS
    Issue Name Symbol Exchange
    Rio Alto Mining Limited RIO TSX
    Rubicon Minerals Corporation RMX TSX

    ***More good news folk. Rubicon was added to the s/p/tsx global gold index!

    Sentiment: Strong Buy

  • Reply to

    Supreme Court to hear WFN Case

    by stock_canines Sep 10, 2014 11:42 AM
    freepostg freepostg Sep 10, 2014 5:25 PM Flag

    Pio, I agree but do not expect an agreement to ever take place between wfn and rubicon. Goldcorp has never been able to secure an agreement with them either..to my knowledge. They will just disappear from the radar over time that's all.

    Sentiment: Strong Buy

  • Reply to

    O/T oil price, etc.

    by jazenevd Sep 1, 2014 4:03 PM
    freepostg freepostg Sep 1, 2014 7:35 PM Flag

    hahaha....good one Pio...I love it.

    Sentiment: Strong Buy

  • Reply to

    Comex Gold Warehouses Filling Up…With Paper

    by pioneerrubi Sep 1, 2014 4:05 PM
    freepostg freepostg Sep 1, 2014 7:34 PM Flag

    Yes Pio, I had read that as well. They are taking in a lot more phys than most people realize...in fact, from what I read, it seems to be accelerating by the month.

    Sentiment: Strong Buy

  • Reply to

    Physical Metal Movements

    by pioneerrubi Aug 9, 2014 9:55 AM
    freepostg freepostg Aug 10, 2014 9:15 PM Flag

    Good info Pio..thanks for this as well. I do find these posts quite interesting.

    Sentiment: Strong Buy

  • Reply to

    Physical Metal Movements

    by pioneerrubi Aug 9, 2014 9:55 AM
    freepostg freepostg Aug 9, 2014 1:03 PM Flag

    Good in Pio..thanks

    Sentiment: Strong Buy

  • Reply to

    RMX on BNN

    by stock_canines Aug 8, 2014 11:38 AM
    freepostg freepostg Aug 8, 2014 3:09 PM Flag

    I think the most positive part of what he said was his reference to change in ownership. I like the idea of "Global Institutional" investors as I am a longterm bagholder!

    Sentiment: Strong Buy

  • Reply to

    RMX on BNN

    by stock_canines Aug 8, 2014 11:38 AM
    freepostg freepostg Aug 8, 2014 2:41 PM Flag

    Overall, his comments about Rubicon were quite positive. The caller mentioned the latest financing agreements then asked Rick.."what do you think of that in relationship to the current net asset value?" Rick's reply..."Rubicon has crossed every level of greed that I have. I had a large position, I don't have a position anymore. Not because there's anything wrong with Rubicon, but because it gave me what I wanted. I traded it fairly well. I think the stock will go up, but I think you're coming into the period where development takes place and you have a transition in ownership from Canadian retail to Global Institutional and those transitions often chart like the electrocadiogram of a corpse." That's exactly what he said.

    Sentiment: Strong Buy

AUNFF
0.3543Sep 29 3:59 PMEDT

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