With Today’s Election & Market Uncertainty Gold May Be The Safe Play For Now

PALM BEACH, Fla., Nov. 3, 2020 /PRNewswire/ — In uncertain economic times, investors tend to put their money in gold. So it’s perhaps little surprise that gold prices started to rise at the beginning of the year as the coronavirus started spreading in China and Europe and investors feared a global economic downturn.   Gold prices have soared so far this year and many analysts predict gold will top $2,000.   Gold usually rises alongside investors’ uncertainty in the economy. It’s a “safe haven” for investors who want to hedge their bets against a falling dollar and instability in financial markets, and, as long as investors are still unsure about the health of the market, they’ll continue putting money into gold. Justin Waring, a strategist at UBS Global Wealth Management, says financial markets are unlikely to stabilize until a coronavirus vaccine is widely available. Markets will remain volatile “until we have a clearer understanding of when the economy can get back to ‘normal,’ ” he said.  Active stocks in the mining markets this week include QMC Quantum Minerals Corp., (TSXV:QMC) (OTCPK: QMCQF), B2Gold Corp. (NYSE:BTG) (TSX:BTO), Almaden Minerals Ltd. (NYSE:AAU) (TSX:AMM), Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX), Kinross Gold Corporation (NYSE:KGC) (TSX:K).

A report from Transparency Market Research said that: “Due to the escalating prices of gold, it is at present being oversold in the bearish market. In times of high inflation, currency fluctuations, and geopolitical crisis, gold is considered to be the safest investment… the growth of the global gold market is likely to be driven by the rising prices of gold across the world.”   It continued saying: “The purchase of gold is expected to rise as consumers are focusing on long-term investments. As the confidence over bullion as a secure mode of investment is rising, the demand for gold is also rising at a considerable rate.  The global gold market is likely to be affected by the fluctuating supply of mined gold as the global gold production is a mix of scrap recovery, central bank supply, and mined gold. More than half of the global gold supply comes from mined gold.”  And as long as that uncertainty continues, gold prices could keep rising, analysts said.

QMC Quantum Minerals Corp. (TSXV:QMC) (OTCPK: QMCQF) BREAKING NEWS:  QMC’S Namew Lake District Similar to Lalor Mine  – QMC Quantum Minerals Corp., (“QMC” or “the Company”), begins developing a proposed work program for its Namew Lake District volcanic massive sulphide (“VMS”) property in Manitoba.   Highlights:

• World-class Flin Flon-Snow Lake mining region, host to 11 mines including Hudbay Minerals Inc.’s (“HBM”) new deposit, the Lalor Mine
• 41 strong geophysical targets identified, the largest one being 1.5km long
• District scale project with similar geology to the nearby HudBay’s Lalor (27.1Mt) and 777 (21.9Mt) mines

The Company will focus the upcoming exploration program on testing the stronger of 41 geophysical targets currently identified on the property.  Twenty-two of these targets have been classified by Garth Kirkham, P. Geo (2013) as priority targets with potential to host deposit-scale VMS mineralization.  This NI43-101 report is available on SEDAR.   To date, positive results of limited drilling collared on the property have suggested that existing geophysical surveys are an excellent exploration indicator of subsurface sulphide mineralization. 

QMC has previously drilled one of these targets, on the 1,500m long conductor and intersected mineralization at the top of the conductor.  Two drill holes (RL 12-5 and RL 11-2) intersected significant visible chalcopyrite mineralization (Figure 1).  Drill hole RL 12-5 cut a 10m thick, semi-massive sulphide intersection grading 0.48% Cu (including 0.80% Cu over 1m). Drill hole RL 11-2 was terminated in massive sulphide at a vertical depth of 193 metres. Assays returned grades of 0.26% copper over a 0.3m wide, semi-massive sulphide intersection which contained approximately 20% iron sulphides. Further, deeper drilling may develop a larger zone of additional significant VMS mineralization.  The Company postulates that the top conductor intersected by drilling may be the top of the first lens alternating between copper and gold much like the Lalor Mine which has similar geology.

At the Lalor Mine, and typically all VMS deposits, mineralization forms as concordant lenses of massive to semi-massive sulphide mineralization. Over time these systems can have several periods of sulphide accumulation forming several localized lenses of mineralization. This accumulation of several distinct base metal and gold rich lenses has been identified at the Lalor Mine.  Identification of these favourable horizons…