Barkerville Gold Mines Ltd

The Company sampled three trenches, which totaled 55 meters long, to provide metallurgical and ore zone data for oxidized mineralization at bedrock. The trenches ranged from 5.5 to 11.3 metres wide at the toe and were from 4.6 to 6.1 metres deep.

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Auguries—Paper Chase

over 12 years ago

Auguries—Paper Chase
March 8, 2012
By Kevin Michael Grace

Gold was down (at press time) $21.80 (-1.3%) for the week to $1,701.20, and silver was down $1.71 (-4.8%) to $33.91. Gold rebounded Thursday but only after earlier in the week falling below its 200-day moving average, a decline Reuters attributed to “dimmer near-term prospects for another round of quantitative easing from the US Federal Reserve.” This explanation was rubbish when it was first advanced last week and remains so this week, but it is the narrative (dread word) of the moment.

At MarketWatch, Peter Brimelow says of the Leap Day Massacre: “This abrupt and decisive shock did more than raise eyebrows.” He notes that GATA “has been much derided for its view that the gold market is manipulated. Now it was able to report a whole procession of significant observers making unprecedented sympathetic noises.”

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