India Finds a 112 Million Ounce Gold Mine
Pinecrest Resources, etc.
Today the headline news in India is about a massive gold find containing 112 million ounces.
Indian media and Indians are euphoric, for they now see India as the next U.A.E.
The Indian government has labeled the project “a mine,” for they believe that all they have do is to pick up the gold and take it to the vault.
Indian media is already considering these 112 million ounces as a part of the central bank’s gold reserves.
Here is my short analysis on it, but more importantly watch the 6-minute video embedded in it to understand the mood of the country and to watch the visit of the Chief Minister to the project:
Cory Fleck and I talked about Pinecrest Resources (PCR; C$0.17) and some other companies in the linked discussion.
I have over the last four months been to many protests in Hong Kong. In late November 2019, I was in Changsha, a city close to Wuhan, which is now the epicenter of corona-virus. For many years, I have been very bullish about China. Have the protests and the corona-virus epidemic changed my views about China? This is the topic I will speak at PDAC on 1 March 2020.
Associate: Rajni Bala
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