Why Intermediate-Term Outlook For Gold Looks Reasonably Bright

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PALM BEACH, Fla: Investors are always looking for some data or info, or trends that can help them decide what to buy or sell and more importantly when to buy or sell.

They look to find reliable info, data, trends something that could give them an inside track. That's harder than it sounds but over the past few decades there has been one voice that investors have continually believed, no matter what the other info or trends are saying Warren Buffett!

Well, he made an investment that had some scratching their heads. Instead of purchasing gold, he bought a significant amount of publicly traded stock in a stock mining company. Investors wondered why would the man who said Gold gets dug out of the ground in Africa or someplace, then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head. Active stocks in the mining markets this week include Barrick Gold Corporation (NYSE GOLD) (TSX ABX), Golden Independence Mining Corp. (OTCQB GIDMF) (CSE IGLD), Newmont Corporation (NYSE NEM) (TSX NGT), Osisko Gold Royalties Ltd (NYSE OR) (TSX OR), Alamos Gold Inc. (NYSE AGI) (TSX AGI).

Investors.com recently opined If Buffett sees value in gold mining, does buying gold stocks or betting on a rising gold price make sense for individual investors now? The article continued Gold and gold stocks powered higher earlier this year as the Federal Reserve and Congress uncorked a gush of liquidity and fiscal support amid the coronavirus lockdown. They took off again as hopes for a V-shape recovery were splashed by a summer coronavirus wave that lasted through June and most of July. Wall Street began to imagine an extended era of ultralow interest rates, multi-trillion-dollar deficits, a weak dollar and — eventually — a rekindling of inflation pressures. In April, Bank of America put a $3,000-per-ounce 18-month price target on gold. That might require more than a whiff of inflation with no response from the Fed.

Golden Independence Mining Corp. (CSE IGLD) (OTCQBGIDMF) BREAKING NEWS GOLDEN INDEPENDENCE RELEASES ADDITIONAL ASSAY RESULTS INCLUDING 270 FEET GRADING 1.10 g/t GOLD - Golden Independence (the Company) is pleased to announce additional drill results from previously-unreleased holes completed on the Independence project subsequent to the 2010 Historical Resource Estimate (the Historical Resource). These results are from 12 reverse circulation (RC) holes drilled in 2017 by a previous operator. These 12 RC holes, in addition to the 44 holes announced on December 9th, 2020, were not available for the Historical Resource but will be included in the upcoming resource update, anticipated in Q1/21, as will the RC holes from the Company's ongoing drill program.

Assay Highlights

270 feet grading 1.10 g/t gold in hole AGEI-02 including 5 feet grading 10.00 g/t gold
160 feet grading 0.79 g/t gold in hole AGEI-08
90 feet grading 1.24 g/t gold in hole AGEI-04 including 5 feet grading 5.26 g/t gold

Along with further expansion of the oxide mineralization, several of these 12 drill holes intersected significant widths of structurally hosted gold mineralization beneath the oxides. commented Golden Independence CEO Christos Doulis. We will integrate results from the 56 recently released historic drill holes with the 20 to 22 drill holes from our ongoing drill program into our upcoming resource update which should significantly expand the historic oxide resource at the Independence project.

Why Intermediate-Term Outlook For Gold Looks Reasonably Bright

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