Focused on Unlocking Value in the Resource Sector 📈 Facilitated over $1 Billion in Capital Raises. 🤝 CEO of Dolly Varden Silver (TSX-V: DV, OTC: DOLLF)🏔
China’s central bank has reported
#gold
purchases of 23 tonnes in July, lifting YTD purchases to 126 tonnes. Its gold reserves are now 2,136 tonnes.
They are accumulating
#gold
for a reason.
China is selling their US Treasuries.
Meanwhile, the People's Bank of China has added +102 tonnes of
#gold
in the past 4 months. Total gold reserves now amount to 2,050 tonnes.
China is clearly trying to limit their counterparty risk in a conflict.
#Silver
, the investment of the year for 2023, there is no substitute! Record deficit of over 200M oz this year!
Institutional money is starting to wake up to the
#silver
trade.
Throughout history, people have turned to gold as a safe haven during currency devaluation, recognizing its ability to hedge against the erosion of purchasing power caused by inflation.
#Gold
is trading near all-time highs in the majority of fiat currencies today.
The Annual World Silver Survey was just released.
According to the research,
#silver
saw its most significant market deficit on record, hitting 237.7 million ounces.
Global cumulative silver mines cannot produce enough to meet demand.
Since the financial crisis of 2008, central banks have been heavily stockpiling
#gold
.
2022 was a record for purchases. I suspect 2023 will be even higher.
The BRICS nations represent over 40% of the global population and approximately 26% of the world's economy.
Many of the members within BRICS have been stockpiling gold and we could learn how the economic bloc expands next week.
How do you think
#gold
will play a role?
Despite gold trading sideways when measured against the US dollar in 2022, the precious metal functioned as a safeguard for individuals worldwide against the devaluation of their local currency
Gold vs local currencies
🇹🇷 = +41.2%
🇯🇵 = +14.4%
🇬🇧 = +12.5%
🇮🇳 = +11.8%
🇨🇳 = +9.0%
Central banks added 55 tonnes to their gold reserves in July, with China, Poland, and Turkey taking the charge.
Central banks set a record for
#gold
purchases last year, and demand reached an all-time high in the first quarter of this year.
We are seeing debt issues globally.
Central banks are buying gold at the highest rate since 1967, possibly because gold stored in their vaults cannot be frozen and has been a reliable store of value for thousands of years.
Worth noting,
In gold bull markets,
#silver
has historically outperformed
#gold
.
Gold is trading at near-record levels in both China and Japan. It's important to note that while many monitor gold in terms of the US dollar,
#gold
serves as a hedge against currency debasement globally.
These are two of the biggest economies in the world.
#Silver
consumption in solar power is forecast to consume 161.1 Moz of silver this year, a 15% increase over 2022 and a massive 232% increase since 2014.
The rush to
#gold
by the global elite is being mirrored by emerging market central banks. Last year central banks bought 1,079 tonnes of bullion — the most since records began in 1950.
As a result gold has been hovering close to its nominal all-time high of $2,072 per ounce
The World Gold Council (WGC) reports that, in August, central banks bought 77 tonnes, 38% more than in July 🔥
China, Poland and Turkey headed the list of buyers.
Mounting fears over the US debt-ceiling crisis will benefit gold as investors brace for potential chaos in financial markets, according to RBC Capital Markets.
#gold
#silver
Solar panel production is growing rapidly. The next gen solar designs require even more
#silver
per panel to achieve higher levels of efficiency.
Link without paywall:
Hang in there
#gold
&
#silver
investors, this chart is the venture exchange from Sept 2005 to May 2006, history may not repeat but my bet is it’s gonna rhyme, gold and silver are setting up nicely for a major move in the equities, buying opportunity may be coming in October
10 years since
#gold
’s precipitous $200 fall back in Apr 2013, when support became resistance
The (lost decade) last decade has only given us 2 strong (albeit short) moves for jr’s, 2016, 2020…next wave will be longer & stronger, higher lows and resistance being the new support
There has been strong demand this past year buying
#gold
at or near record highs for every national currency. Though
#silver
is not near its record high, demand for it has also been strong because it is recognized as being very undervalued 🚨
TSX Venture Exchange 20 yr Chart, is time to get exposure to this index? It’s been a decade below 1,200 pts. What sector will take us above that level and beyond,
#silver
,
#gold
,
#copper
? We are trading at GFC 2008 lows.
Exploration expenditures in British Columbia for mining last year reached a 10-year high.
#Gold
was the primary commodity sought for discovery.
At $DV.V
#Silver
, our ongoing mission is to advance one of the largest high grade undeveloped metal assets in BC’s Golden Triangle.
The recent rally in gold prices is attracting both the inflationistas, Armageddon traders, and moonbeamers with the “this is it” move as the projections are for new all time highs.
The recent price action looks nice and for once it would appear a break out towards the August
In contrast to the US dollar, the technical outlook for gold looks positive 🔥🔥🔥
After selling off over the last three weeks as markets turned risk-on, the precious metal is now looking at the US interest rate space and pushing higher.
Gold is trading above all three moving
That bear trap now looks like the head of a ‘head & shoulders’ basing pattern. If this pattern continues to form and silver breaks above the neckline at $26, it could be the launch pad that takes the ‘silver rocket’ towards new highs.
Source:kingworldnews
Silver target 2023?
Friday was an historic day for
#gold
#silver
and the
#miners
as they DECOUPLED from the general stock market. As
#PDAC
welcomes the mining ⛏ industry to Toronto June 13-16 let’s see if the trend continues…
3 years ago today
@goldfinder12
agreed to join the board with me
@SilverVarden
, thanks to his leadership , friendship & mentoring we have successfully started the reawakening of Dolly Varden Silver Project, grateful for the opportunity to grow/learn & laugh ❤️
$SKP.V StrikePoint wishes everyone a happy Saturday. We are amidst a target rich environment and have just embarked into an exploration campaign that is four times larger than 2020.
#silver
#gold
Barge has arrived in Alice Arm @ Dolly Varden
#Silver
project in BC’s Golden Triangle. Exploration crews have been preparing for the company’s upcoming Phase I 10,000 meter drill program starting shortly. $DV.V
$SKP.V team plowing ahead despite record temperatures in BC. Surface work, followed by phase I drilling of 8,000 meters spilt between high grade
#silver
Porter and
#gold
rich Willoughby to begin very soon.
Dolly Varden through just over 25% of 2022 drilling; focus is on silver and gold targets at the newly consolidated KItsault Valley Project – Ahead of the Herd $DV.V
$GBR.V Last night Chris Taylor accepted the Colin Spence award on behalf of himself and Bob Singh. Great Bear is a text book example of how science creates wealth, from $0.15-$30, I am so proud and happy for these two and the entire team, class acts! Humility,Strength and Bravery
$SKP.V New Project Manager Nicole Eriks, leads the exploration team with a mission to discover high-grade
#silver
mineralization in between the prolific vein systems the Company’s Porter Silver Project. 2,500 g/t was the average production grades.
$SKP.V as Willoughby drilling advances beyond 2,500 meters drilled to date this season, pad building crews move to Porter
#Silver
, ‘Big Flex’ drilling will start soon
Congratulations to StrikePoint $SKP.V shareholder Skeena Announcing 5.3 Moz at 4.3 g/t AuEq Measured and Indicated Resources at Eskay Creek $SKE.V
#Gold
#Silver
#EskayCreek
$SKP.V I am exceptionally proud of our discovery team, after 2 limited drill programs, we now have the geological keys to unlock these large, complex systems at Willoughy & Porter. 2021 is the year SKP hits it hard!
$SKP.V Kim Azak on StrikePoint’s new Wildcat ‘Sona K’ pad, drilling to begin tomorrow morning. We are half way through planned Willoughby meters, will wrap up and move to Porter
#silver
soon.
#Silver
Mountain drill planning currently underway, with a wealth of historical data thanks to $SKE.TO the $SKP.V technical is in the process of marrying the past with the future, big season ahead @ Porter
$SKP.V, financing closed last week, $10M in the bank. Drilling to begin soon. Willoughby Gold-Silver and Porter Silver, 2 rigs, 8,000 meters in Phase I.
Meet Dolly Varden Silver’s newest member of the technical team. Amanda Bennett, Project Manager brings strong discovery experience and is keen growing $DV.V with more high-grade
#silver
discoveries in 2021.
Amanda Bennett, Project Manager and ruby
#silver
finder Tonks are on the hunt for high-grade at Dolly Varden Silver Project in BC’s Golden Triangle $DV.V
$DV.V drill almost fully set up on first pad, ready to get the 2021 hunt for high-grade
#silver
around Torbrit started! 18 Million ounces produced at almost 500 g/t Silver and 35 Million oz’s M&I and Inferred at Torbrit alone @ 300 g/t Silver!
On behalf of the team
@SilverVarden
, I want to wish you all a Healthy & Prosperous New Year! $DV.V is strongly 🏦 positioned to hit the ground ⛏ running in 2021. A big thanks to all shareholders and stakeholders that helped transform the company in 2020!
Happy Friday night to Danny from Yellowhead Helicopters. Danny is my favorite pilot, he’s responsible for keep our crews safe and getting that shiny core of the mountain.
#silver
#gold
$SKP.V
Dolly Varden Silver – An overview on the Dolly Varden Silver Project – The Current Resource and Growth Plans Through Drilling « Korelin Economics Report
Had a chat with Maurice Jackson from Proven & Probable discussing $SKP.V StrikePoint Gold - Exploring High-Grade Gold and Silver Projects in the ... via
@YouTube
As I’m racing through Toronto for
#PDAC
2023, amongst all the incredible people and meetings, this
#DowJones
ticker tape machine was amongst some very cool art and treasures I got to experience when visiting Freddie Leigh.
Reunited with my dear friend and former colleague legendary Bill Ferriera. The last time we were together lightning struck and we hit 52 oz/ton
#gold
over 7 feet, Bill is at
@SilverVarden
to unlock Homestake and “find you a mine”. Grateful for his insights! Fluid Pathways
Dolly Varden Silver (TSX-V: DV)(OTC: DOLLF) CEO Shawn Khunkhun on Commencement of Field Activities & Drilling at Torbrit Silver Deposit — Dolly Varden Silver Project in British Columbia’s Golden Triangle
Golden Triangle is famous for Eskay Creek
@SkeenaResources
and Premier
@Ascotgold
, Brucejack, etc…, what is less known is the western extension of this famed camp. Sparsely explored Hyder, Alaska is about to be unlocked by $BWCG.V, led by
@goldfinder12
.
When
#silver
was first discovered in Alice Arm back in 1907 a imaginative prospector named the strike Dolly Varden after a charming Dickens character from the 1841 novel Barnaby Rudge. $DV.V
INFLATION WATCH: May CPI 5%
New and Used trucks over 7%, airfare 7%, not enough containers, truckers (4% ex food & energy)
How are you protecting yourself?