You are here
Craig Hemke at Sprott Money: The busy week ahead for gold
By Craig Hemke
Sprott Money, Toronto
Tuesday, January 31, 2023
While there will be all sorts of economic and geopolitical headlines in the days ahead, two events that will drive precious metals stand out.
The first will be the conclusion of the January Federal Open Market Committee meeting on Wednesday. The second will be the release of the January U.S. jobs report on Friday.
If Comex gold and silver can successfully navigate both, the possibility of a February rally will grow.
... Dispatch continues below ...
... ADVERTISEMENT ...
Dolly Varden Silver Reports Multiple Gold and Silver Intersections at Homestake Ridge,
with 46.31 g/t Au and 70g/t Ag over 25m, Including 1,145 g/t Au and 826 g/t Ag over 0.48m
Company Announcement
Monday, January 30, 2023
VANCOUVER, British Columbia, Canada -- Dolly Varden Silver Corp. (TSXV: DV) (OTC: DOLLF) is pleased to announce drill results from the 100%-owned Homestake Ridge property in British Columbia's Golden Triangle.
Highlights from the Homestake Main Deposit include:
-- HR22-324: 4.32 g/t Au and 76 g/t Ag over 22.50 meters including 19.42 g/t Au and 375 g/t Ag over 4.50 meters.
-- HR22-333: 46.31 g/t Au, 70 g/t Ag and 0.19% Cu over 25.00 meters including 1,145 g/t Au, 826 g/t Ag and 0.51% Cu over 0.48 meters. ...
"Dolly Varden Silver's initial drilling at the Homestake Main Deposit has returned consistent mineralized intervals with some of the highest grades of gold with silver reported from the Property to date, but also the entire Golden Triangle during the 2022 drilling season," said Shawn Khunkhun, president and CEO.
"Coupled with the exceptional grades and thicknesses of silver mineralization encountered in step-out holes at the Wolf and Kitsol Deposits, we are demonstrating the impressiveprecious metal endowment and potential of the Kitsault Valley trend." ...
... For the remainder of the announcement:
First of all, it's not just those two events that will impact precious metal prices.
There will also be the updated manufacturing and service sector purchasing managers index as well as the latest updates on productivity and unit labor costs.
However, the most important scheduled events are the FOMC meeting on Wednesday and the U.S. jobs data on Friday. ...
... For the remainder of the analysis:
https://www.sprottmoney.com/blog/The-Busy-Week-Ahead-January-31-2023
* * *
Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
