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Exploring Mining Podcast: News from (TSXV: BNCH) (TSXV: SPOT) (TSXV: PAC) Plus Analysis from EXANTE's Vitaliy Kin on the Commodities Market

 

Point Roberts, WA and Delta, BC - February 14, 2020 (Investorideas.com Newswire) Investorideas.com, a global investor news source covering mining and metals stocks releases today's edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ, NYSE companies plus interviews with CEO's and leading experts.

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https://www.investorideas.com/Audio/Podcasts/2020/021420-Mining.mp3

Exploring #Mining #Podcast: News from (TSXV: BNCH) (TSXV: SPOT) (TSXV: PAC) Plus Analysis from EXANTE's Vitaliy Kin on the Commodities Market

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Benchmark Metals Inc. (TSXV:BNCH) has reported continued drilling success in the Duke's Ridge-Phoenix corridor, which now exceeds 1km in strike length. Benchmark CEO John Williams commented:

"Drill confirmation of highly anomalous gold-silver mineralization at Phoenix East adds significant strike length and potential to the Duke's Ridge-Phoenix corridor. Drilling is providing continuity along the structure which remains open in all directions with bulk-tonnage and high-grade mineralization from surface. Results including 5.8 g/t gold and 128.7 g/t silver over 33.5 metres core length from surface [are] providing compelling resource expansion possibilities that favours shallow, open pit mining methods."

GoldSpot Discoveries Corp. (TSXV:SPOT) announced that it has extended its contract with Pacton Gold Inc. (TSXV:PAC), allowing the latter to "continue to benefit from GoldSpot's use of machine learning analysis on available data to help target drilling and refine advanced exploration efforts on Pacton's Red Lake properties." Pacton Executive Chairman Dale Ginn said:

"GoldSpot continues to support Pacton Gold by providing its expertise in both conventional geoscience and advanced artificial intelligence, and we appreciate their strategy of investing in the companies they work with. Field and AI work to date has assisted greatly in prioritizing high probability targets and has enabled us to rapidly move to the drilling stage. Our geology team is looking forward to further input from GoldSpot, especially in anticipation of drill results and the upcoming field season."

Investorideas.com has received commentary from Vitaliy Kin, Senior Analyst at global investment broker EXANTE, regarding the commodities market.

EXANTE analyst, Vitaly Kin predicts that Gold is due to experience a breakthrough either today or tomorrow - so investors should keep their eyes peeled on markets.

Gold price is back to where it was one month ago. Nevertheless, with this in mind, EXANTE predicts that the price of Gold will close very close to where it opened at the start of 2020.

Mr Kin also claims that the Sino-US Trade Agreement is so strict that there are fears China will be unable to stick to it and could potentially face serious sanctions.

Issues that have been occurring since the Dot.Com bubble in the 1990s still exist; China hasn't imposed changes and just continued to do as it wants. But this could no longer be the case.

For, why would it? China has created a great US trade deficit by managing to provide cheaper goods which are of similar quality all over the world. Which consumer wouldn't buy them? However, if China doesn't sign the Agreement and abide by it, its goods will lose their competitive value, as tariff will be levied and therefore margins quashed.

Nevertheless, after comprehensive evaluation, Mr Kin believes that signing the agreement has more benefits than disadvantages. The rest of the world wants to surpass China, just like China wants to surpass USA. The population of India will overtake China in 2025 and the large availability of cheap labour means it will replace China as the "Factory of the world".

During the Trade War of the past two years, a lot of business had gone to other countries such as G7, 4 Small Dragons, 5 Small Tigers and BRICS.

Chinese factories are due to re-open following the Lunar New Year holidays. It is said that the incubation period of the Wuhan Coronavirus can be as long as 24 days, so high risk still exists during this period. Hope that there is no cross-infection during this period or else a greater outbreak will occur. The disease is continuing to spread to other parts of the world but is still under control outside of China.

The reopening of these factories will resolve the shortage in supplies that have been experienced due to production lines being shut down. However, Mr. Kin says China is taking a high risk reopening factories and will have to be closely observed, with more suspected cases of coronavirus now being confirmed.

It is said that the incubation period of the Wuhan Coronavirus can be as long as 24 days, so high risk still exists during this period.

The 3 major indices of US broke record high again. It has already been predicted that they will go over 30,000, but this is now inevitable.

Oil prices are down to US$50. Gold price is in its original place as one month ago.

US tech sector 1 month performance doesn't look as good as everyone is used to. Still the Dow will continue to bloom in 2020, as we are in a bullish trend.

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