Demand on possessing Physical GOLD is growing. My perception of a variety of geopolitical factors breeding investor fear in the Sovereign and Corporate Bond markets, the ‘overbought’ Major Equities Markets, and diminishing trust in the US dollar suggests mounting strength in GOLD’s value. We are seeing some of those investors turning to GOLD, and GOLD based equities. A major GOLD BULL market appears to be on the horizon? The boys at Teck are seeing & reading the same stuff we are, so I’m thinking developments at the Company’s Timmins Porcupine West GOLD deposit will come sooner, rather than later?

Seeking Alpha, Jan31, 2017, The latest GOLD import and export figures into and out of Switzerland both showed huge increases in December with exports to China a particularly notable 158tonnes compared with a rather small 30.6tonnes in the previous month. GOLD flows into the Chinese mainland from Hong Kong also picked up in December.

Daily Reckoning, Byron King, Feb2, 2017, Right now, almost all of China’s retail, investor-driven demand for GOLD is met by the Shanghai Gold Exchange. Established in 2002, the SGE is wholly owned by the Chinese government. In recent years, the organization has become the largest facility in the world for bullion sales and trading, with money and metal passing through a network of 55 vaults.

Its estimated in 2016, the SGE moved over 2,000 tonnes of GOLD into Chinese investors’ hands. It’s a mix of new production GOLD, and imports of GOLD from western inventories. All this demand and sale, even though recent GOLD price premiums on the SGE have been as high as 25% above the global-posted spot price. This reflects the physical scarcity within Chinese GOLD trading channels.

The SGE has over 10million customers, and it’s just a beginning. As China continues to try to combat its economic, political and social issues, we must confront the idea that the SGE could become the source for explosive growth in customer numbers, and GOLD demand, in the years to come. And, I might add, this is only ONE area of growing demand around the world!

Kitco News, February 3, Next week, with little economic data to be released, analysts agreed that GOLD will focus on geopolitical uncertainty, which doesn’t appear to be abating any time soon. Not only will geopolitics support the precious metals complex, but the threat of an imminent Federal Reserve rate hike has now disappeared. The author stated “Wage growth shows that inflation isn’t a major concern right now and that means the Fed has no ammunition for a March rate hike.”

Kitco, Wagner, Feb3, The increasing ‘uncertainty factor’ has put dynamic pressure on the US dollar, which closed dramatically lower last week. Now for the fifth consecutive week we have seen the US dollar under pressure, moving to new weekly lows. The combination of uncertainty and a weak US dollar are the necessary ingredients to fuel a bullish rally in GOLD and maintain increased momentum.

CNN Money, During the last five trading days, volume in put options has lagged volume in call options by 33.17% (a ratio of 3Calls to 2Puts) as investors make bullish bets in their portfolios. However, this is still among the highest levels of put buying seen during the last two years, indicating fear on the part of investors.

Slow & steady, the drill continues to turn north of the Glencore Kidd mine. The latest information I have is from last night. A depth of 790meters (2,592ft.) has been achieved so far. The understanding I have is we are continuing to see Ultra Mafics as we continue our descent towards an interesting anomaly detected during the Down Hole Infrared Polarization testing done last December. Hopes are we will hit Exhalite, and, in turn, the VMS deposit Dupont is convinced is down there.

The geologist that spearheaded the drilling at the Chester property is meticulously combing through the core lab results to present his conclusions moving forward at this Copper Deposit. Based on what little I’ve been able to find out, it appears reasonable that the strike line could be extended, substantially increasing the size of this resource. I’m sure further Press Releases may speak to that. Geophysics at the Company’s PG-101 property are complete, and a drill program is intended, although not officially in the planning stage at this time. East Bay geophysics are ongoing, and I do not have a target date for completion, although CD is pushing hard to get their report ASAP, as he intends to drill later this spring.