Gold, Silver Start December Lower; US Gold Bullion Coins Surge
CoinNews.net
Gold, silver and platinum traded lower in the first week of December but palladium rallied. On Friday, gold for February delivery declined $2.90, or 0.2%, to settle at $1,229 an ounce on the Comex division of the New York Mercantile Exchange. Prices
Indian Gold Bullion Changes DirectionsMetalMiner
US Fed Decisions To Bust Gold, Silver Price Forecasts For 2014?Seeking Alpha
PRECIOUS-Gold edges up after whipsawing, upbeat US jobs data in focusReuters UK
FastMarkets Metal News
all 12 news articles »
Indian Gold Bullion Changes Directions
MetalMiner
The price of Indian gold bullion rose 8.3 percent on Thursday, December 5, making it the day's biggest mover, after two days of falling prices. US gold bullion prices inched up 1.6 percent. Following a two-day drop, the price of Chinese gold bullion
US Fed Decisions To Bust Gold, Silver Price Forecasts For 2014?Seeking Alpha
PRECIOUS-Gold edges up after whipsawing, upbeat US jobs data in focusReuters UK
Gold prices consolidate on previous day's gainsFastMarkets Metal News

all 10 news articles »


Zee News
Gold price suffers a weekly loss of nearly 2%
Zee News
New York/London: Gold trimmed gains to end slightly higher on Friday, as better-than-expected U.S. jobs data reinforced fears that the U.S. Federal Reserve will rein in its stimulus program, ending a brief flurry of short covering by traders who had
Gold Prices Trade Sideways on Jobs ReportTheStreet.com
US GOLD PRICE – Comex slides after robust US non-farm payrolls reportFastMarkets Metal News
Gold price tumbles to lowest since JulyFinancial Times
Gold Seek –Forbes –MINING.com
all 393 news articles »

Binary Tribune
Gold Gives Back Some Gains; US Mint Gold Bullion Coins Soar
CoinNews.net
"The drip-drip stories about possible taper is acting like water torture on the gold prices — incessant and corrosive to confidence," MarketWatch quoted Ross Norman, chief executive officer at Sharps Pixley, in emailed comments. "However, if and when
Gold sinks to lowest level since JulyThe Globe and Mail
Gold Set for Weekly Loss Before Payrolls Data Amid Taper BetsBusinessweek
BULLION LATEST – Gold price jumps in surprise rally despite upbeat US dataFastMarkets Metal News
Binary Tribune –Business Recorder
all 334 news articles »

Jutia Group
Losing Faith in Gold? Read This Before You Sell
Trefis
“The sky is falling, sell;” “It's useless, run away;” “There's going to be deflation, so it won't serve any purpose to your portfolio”?these are a few of the ways gold bullion is being described these days. The yellow metal is facing scrutiny, and
Avoid Regret: Accumulate Gold Bullion NowJutia Group
Bullion Smuggling Outstrips Narcotics to Feed India's Gold HabitMoneynews

all 99 news articles »


MINING.com
Back to the future? Hedging on agenda as gold prices fall -GFMS
Reuters
LONDON, Dec 5 (Reuters) – Selling gold that has yet to be mined to lock in a fixed price – a practice used by mining firms that went out of vogue as prices surged – may make sense for them again after a more than 20 percent drop in prices this year
Battered Gold Miners Take Another Look at HedgingWall Street Journal (blog)
New Barrick chief uses the h-wordResource Clips

all 7 news articles »


Indian Express
Gold price bounces back by Rs 450 to Rs 31250
Indian Express
Snapping two days of losses, gold prices rose by Rs 450 to Rs 31,250 per ten gram in the national capital today on emergence of buying by stockists at existing lower levels for the ongoing marriage season amid a strong global trend. Silver, however
Gold price snaps 2-day losing streak; reclaims Rs 31K in DelhiZee News
Gold price gains on modest buying, silver recoversFinancial Express
Gold price rises on wedding demandMoneyGuru India

all 14 news articles »

Gold Price Back to Its 2013 Ways — Falling
Barron’s (blog)
Gold is back to its old habit Thursday morning, with the most actively traded futures contract down 1.8% to $1,225 in New York. The shorts were covering in Wednesday's dramatic rally, and … well, that's about it. From Commerzbank's commodity strategists:.
Gold Mining ETFs Climb with Gold Price ReboundHispanicBusiness.com
Gold Miners Look Interesting At These Levels: LevineTheStreet.com
GLD – Don't Even Bother With Gold Right NowInvestorplace.com
ETF Daily News
all 50 news articles »
Bitcoin vs. Bullion: What's a Better Way to Spend $1200?
Uncommon Wisdom Daily
The financial media are trying to figure out whether Bitcoin is another unsustainable asset bubble, or a new kind of gold. But even though they are trading for roughly the same price, with Bitcoin trading above $1,100 and gold bullion in the 
Why The Fair Price Of Bitcoin Is $0Business Insider
Bitcoin/USD eyes $1200 on rising demand for alternative currenciesiNVEZZ

all 248 news articles »


Jutia Group
Bullion smuggling outstrips narcotics to feed gold habit
Reuters India
SINGAPORE/MUMBAI (Reuters) – Indian gold smugglers are adopting the methods of drug couriers to sidestep a government crackdown on imports of the precious metal, stashing gold in imported vehicles and even using mules who swallow nuggets to try to 
Bullion Smuggling Outstrips Narcotics to Feed India's Gold HabitMoneynews
Avoid Regret: Accumulate Gold Bullion NowJutia Group

all 85 news articles »

Gold Bullion Development Corp : Gold Bullion announces Granada Royalty
4-traders (press release)
VANCOUVER, Dec. 4, 2013 /PRNewswire/ – Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the "Company") or "Gold Bullion") announces that it is considering raising funds by issuing a new series of shares, to be called "Granada Royalty 

The recent low price in uranium which hit 8 year lows in 2013 may actually be the catalyst to look for higher grade and more economic uranium deposits in the Athabasca Basin in mining friendly Saskatchewan.  Higher cost mines are being shut down or delayed, however new uranium discoveries are receiving a lot of attention especially in the Athabasca Basin which is the highest grade uranium mining district in the world.

This low price in uranium is why Cameco, Rio Tinto and Denison have been buying junior uranium explorers in the Athabasca Basin trading at bargains. These assets are high grade meaning potentially lower production costs in a stable jurisdiction.  Smart money knows nuclear power is here to stay as there are more reactors operating and under construction now post-Fukushima than from before the once in a millennium natural disaster.

Even after Fukushima, the Athabasca Basin has been the one bright light in a resource sector covered with darkness.  Right after Fukushima, Cameco and Rio Tinto, both with billions of dollars of market cap went into a bidding war over Hathor.  Rio won with a bid of $642 million.  Eventually, Denison bought out Fission for their J-Zone asset next door to Roughrider making themselves a target for either Cameco or Rio.

Now, Fission’s new spin out is buying Alpha for $180 million for the new Patterson Lake South Discovery.  What does all this M&A activity in Athabasca uranium miners mean in a bear market in the resource sector?   Smart money is telling us that the Athabasca Basin represents one of the great areas to make wealth in discovery of uranium.

Look at the Athabasca Basin bellwethers such as Cameco, Rio and Areva whose share price has moved significantly higher to pay top dollar for the best discoveries in the Basin.

The Athabasca Basin is attracting capital that is looking for 10-20 fold increases. The key to invest in early stage exploration is to find the right people. Look for the best personnel who have proven track records of success in this area with this commodity.
Jody Dahrouge was instrumental in the discovery of Fission’s J-Zone Discovery which was bought by Denison and the Patterson Lake Properties where Fission and Alpha have made a massive discovery.

Jody is now the exploration manager for Lakeland Resources (LK.V).  Lakeland just announced an option agreement with another junior.  This will help the company increase the probability of a discovery without major dilution as the partner will spend $1.2 million over the next 12 months and $6.5 million over 48 months.  This will make Lakeland one of the more aggressive explorers in the Athabasca Basin with anticipated drilling beginning in the first quarter of 2014.

Lakeland’s share structure may be one of the best in the Athabasca Basin with close to 30 million shares outstanding. Close to 40% is owned by management and institutions. There is a very small float for retail investors.
When everyone was looking at the Eastern part of the Basin, Jody suggested to look west which was underexplored and Patterson Lake was discovered. Now Jody is telling Lakeland to go to the northern part of the basin for the next major discovery as this area has been totally neglected by explorers.

Lakeland has acquired a large land package across the Northern part of the Basin. Lakeland just announced that exploration is active on the Riou Lake Uranium Property located in the Northern Part of the Basin. They are doing the initial work for a winter drilling program in the first quarter of 2014.

Lakeland believes there will be strong news flow over the coming several months that could build significant value in this early stage situation. Although this is early-stage and ground floor, this company has the people, the properties and the share structure to potentially create a lot of wealth for uranium investors.  Lakeland should find support at the 200 day moving average.  Look for a cup and handle breakout at $.15 which could lead to a major move.

See my recent interview with Lakeland’s exploration manager Jody Dahrouge who is one of the best geologists in the Athabasca Basin.

Disclosure: Author/Interviewer owns Lakeland and they are a sponsor on my website.

For more information on Lakeland contact Roger Leschuk, Corporate Communications at

Ph: 604.681.1568 or TF: 1.877.377.6222

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