Gold trends 2018

Gold Trends 2017: Price
Gains Led by Geopolitical
Tensions and Uncertainty
What happened to the yellow metal this
year? Here’s a quarter-by-quarter review
of the main gold trends of 2017 with
commentary from experts.
The gold price has gained almost 10 percent since
January, despite performing with volatility during
the year. In August, the yellow metal broke $1,300
per ounce, although prices have pulled back since
then.
As the year comes to a close, the Investing News
Network is looking back at the main gold trends this
year, from the impact of US Federal Reserve interest
rate hikes to widespread geopolitical uncertainty.
Read on to learn what happened in the gold market in
2017, from the key supply and demand dynamics to how
analysts thought the market performed in every quarter
of the year.

Gold trends Q1: Trump uncertainty drives
prices
The gold price made its eighth Q1 gain in 10 years in the
first quarter of 2017, buoyed by safe-haven demand
from anxious investors.
Concerns about US President Donald Trump and
anticipated rate hikes from the Fed caused worries, as
did the Brexit process and European elections. All of
those factors combined in the first three months of the
year to drive the yellow metal’s price.
“The fear trade has driven the market so far this
year,” David Govett of Marex Spectron said at the time.
In terms of demand, Thomson Reuters GFMS
expected physical gold demand to potentially increase
later in the year due to political uncertainty and tension
across the globe.
“We are expecting a reduction in global mine output and
a gradual demand recovery globally in 2017, resulting in
a smaller surplus than in 2016 but a large one
nonetheless,” GFMS noted early in 2017.
During Q1, many analysts predicted a bright year for
gold, and gold stocks in particular.
“The gold price is looking pretty stable right now, and the
gold stocks have really come down relative to the gold
price over the last five years. So this is a great time to
be a buyer,” Peter Spina, founder and president of
GoldSeek, said back in January.

Speaking about the catalysts that could move the price
of gold in 2017, Frank Holmes of US Global Investors
(NASDAQ:GROW) said that the fear trade and love
trade were crucial. “Any time the inflation is greater than
what the government is willing to pay you, gold goes up.
Any time inflation is less … it goes down. It’s very
simple. Follow real interest rates,” he explained.
During the first quarter, gold traded between $1,184.62
and $1,257.64.
Gold trends Q2: Hawkish Fed tone hits
the market
The gold price stalled in the second quarter of the year
as concerns about geopolitical tension faded away.
The Fed increased interest rates for the second time of
the year in June — that hurt the yellow metal as gold is
highly sensitive to rising rates.
Demand for gold dropped 14 percent year-on-year in the
first half of 2017 due to a sharp fall in ETF
inflows, according to the World Gold Council (WGC).
Total global demand for gold reached 2,003.8
tonnes from January to June, down from 2,318.7 tonnes
in the same period the year before.
According to the WGC, total gold supply declined by 8
percent in the second quarter, as mine production
remained steady and recycling levels continued to drop.
That said, many analysts continued to be bullish on the
yellow metal, including Adrian Day of Adrian Day Asset
Management. “As optimism regarding Trump’s policies

fades, you will start to see a little more sensitivity to risk
in the stock market and that is positive for gold,” he said
in August.
Similarly, Peter Schiff, president and CEO of Euro
Pacific Capital, said that in his opinion, “there is no limit
to how high gold can go, because there’s no limit to how
low the [US] dollar can go.”
The yellow metal traded between $1,218.80 and
$1,293.60 during the quarter.
Gold trends Q3: Gold climbs above
$1,300 as US-North Korea tensions
escalate
The gold price gained more than 3 percent in the third
quarter, even though September was one of its worst
months of the year.
A weaker US dollar and geopolitical tensions between
the US and North Korea supported gold over the
quarter. Gains were offset by the Fed’s hawkish tone,
which pointed to another interest rate hike later in the
year and three more in 2018.
Global gold demand fell 9 percent year-on-year in Q3,
touching its lowest level in eight years on the back of
decreased ETF inflows and lower demand from the
jewelry sector, the WGC said. During the period,
demand for the yellow metal hit 915 tonnes, down from
1,001.1 tonnes in the same period last year.

Looking over to gold supply, mine production declined 1
percent year-on-year to come in at 841 tonnes, while
recycling was down 6 percent, at 315 tonnes.
At the end of the quarter, most analysts agreed that
worldwide political developments, as well as the US
dollar, were set to be key drivers for the gold price for
the rest of the year.
Resource Maven Gwen Preston said at the time that
gold’s fundamentals were strong due to “incredible
uncertainty around the world, starting with [US
President] Donald Trump and going to North Korea.
Then continuing with all kinds of economic arguments
about the strength of the US economy and the dollar.”
Meanwhile, Brien Lundin, editor of Gold Newsletter and
president and CEO of Jefferson Financial, said“gold
investors really need to watch monetary policy and the
flow of economic data in the US,” when speaking about
key catalysts for the precious metal.
Gold traded between $1,212.20 and $1,348.60 during
the quarter.
Gold trends Q4: All eyes on US economic
policy
The gold price remained almost neutral in the last
quarter of the year, and was on track for a quarterly loss
of less than 1 percent. Trump’s new Fed chair
nomination and the expectation of another rate hike in
December were some of the key factors driving prices
during the period.

“I’m very satisfied … with gold’s performance this
year,” Rick Rule of Sprott US Holdings said. “The fact
that gold has done well during a time with minimal
turbulencesays that it has performed its job in terms of
maintaining or increasing people’s purchasing power.”
For his part, Lundin suggested that heading into the end
of 2017 the gold price will likely perform as it did at the
end of 2015 and 2016. In other words, the Fed will hike
rates in December and that will act as “a launching pad
for gold going into the new year.”
The yellow metal has been trading between $1,285.50
and $1,298 during the quarter.
Gold Outlook 2018: Watch
the Fed, Debt and
Geopolitics
Analysts share their thoughts on the gold
outlook for 2018. Most agree that it will
take a sharp shock to the market to move
the price significantly higher.
Although it’s up over 9 percent so far this year, the
gold price didn’t perform as well as many predicted.
In Q3, the yellow metal broke the $1,300-per-ounce-
mark, but it couldn’t sustain that level for very long.

Political uncertainty, worldwide tensions and a softer US
dollar supported prices, while risk appetite and a
hawkish tone from the US Federal Reserve offset gains.
As of Thursday (December 14), gold was trading at
$1,253.21.
With the start of 2018 just around the corner, many
investors are now wondering what will happen to gold
next year. Here the Investing News Network looks at
gold’s price performance in 2017 and what
analysts believe is ahead for the yellow metal in 2018.
Gold outlook 2018: Price performance
review
It comes as no surprise that the gold price performed
with volatility in 2017. Even so, prices have nevertheless
increased since the beginning of the year.
As the chart below from Kitco shows, the gold price
reached its yearly peak in September, when it
reached $1,346. At the time, tensions were escalating
rapidly between North Korea and the US, turning
investors to safe-haven assets such as gold. A weaker
US dollar also supported prices.
In contrast, gold’s lowest point of the year came in
January, when it was changing hands for $1,150.90 due
to a higher US dollar. A stronger greenback tends to
make assets pegged to the currency more expensive to
buyers using other monetary units.
Some market participants were expecting gold prices to
increase more than they did, including Rob McEwen of

McEwen Mining (TSX:MUX,NYSE:MUX), who was
expecting gold to move higher this year. “I didn’t
anticipate how strongly the broad market would move
based on expectations that US President Donald
Trump’s policies would be passed,” he said.
Similarly, Brien Lundin, CEO of Jefferson Financial and
editor of Gold Newsletter, was expecting to see more of
what was seen in 2016; instead gold has been
performing in a “kind of a stairstep fashion.”
Rick Rule of Sprott US Holdings commented that he has
been satisfied with the performance of gold this
year. “Gold usually mirrors a lack of confidence, and
[people have been very confident in the global
economy]. The fact that gold has done well during a time
with minimal turbulencesays that gold has performed its
job in terms of maintaining or increasing people’s
purchasing power,” he noted.
Frank Holmes of US Global Investors
(NASDAQ:GROW) also believes bullion has been
doing well this year. “What really took it on the chin for
the gold stocks was the push to go into the GDXJ
(ARCA:GDXJ),” which captures 95 percent of all gold
equity fund flows.
“The gold stocks have been really [downtrodden] — and
a lot of people don’t understand that really it has to do
with the GDXJ’s success,” he added.
On the same note, Adrian Day of Adrian Day Asset
Management said gold stocks are “incredibly
depressed,” explaining that “if gold is cheap relative to
the financial assets … gold stocks are even cheaper

because they’re cheap relative to gold on a fundamental
basis, on a price basis.”
Junior Stock Review founder Brien Leni agreed, saying
he was expecting to see a rebound in gold stocks prior
to 2018, but “the emergence of cryptocurrencies
and blockchain have taken center stage in 2017.”
Indeed, the cryptocurrency vs. gold debate has been a
key trend this year, as bitcoin has outperformed the
yellow metal. However, most gold market participants
agree that the assets don’t compete with each other and
are not comparable.
Rule commented, “I’m a fan of cryptocurrencies … [but] I
think ultimately that the cryptocurrencies and gold serve
a very, very different purpose, and I see them as being
complementary, not competitive.”
Meanwhile, Holmes said he doesn’t think bitcoin is
dismantling gold, but it’s “waking up the world on
blockchain technology — the ability to send transactions
inexpensively, no counterfeits [and] decentralized
around the world in 10 minutes.”
Gold outlook 2018: Key factors and price
predictions
The year has been full of political turmoil, with investors
turning to safe-haven assets on escalating geopolitical
tensions. But what will happen to the gold price in 2018?
In the longer term, Lundin believes a gold price rise is
inevitable. Why? “The easy answer is debt,” he
explained. “The debt load in the US is over $20 trillion. If

it performs to past form, by the time Donald Trump gets
out of office, it should be about $40 trillion — the record
has shown that federal debt has doubled during every
eight-year term of the president recently, so it’s growing.
At this level it’s too large to be handled by tax hikes,
spending cuts, growth.”
Similarly, David Morgan of the Morgan Report said debt
remains a major issue that could impact precious
metals going forward. “I think 2018 is when [the debt
bomb] is going to be noticed — maybe out of the corner
of your eye kind of thing — and then it’s going to
become more and more apparent as we march through
2018,” he said.
Another key factor to consider moving forward is the
Fed’s monetary policy. The central bank
decided midway through December to hike interest rates
for the third time in 2017, and market watchers are
expecting at least three more rate increases in 2018.
According to Lundin, investors should not be cognizant
of interest rate increases, but not necessarily
concerned. The Fed’s latest policy statement “has once
again straddled the line between the doves and hawks
— noting how inflation has remained persistently and
confoundingly low, but that economic growth remains
sufficient for the central bank to plan for more rate
increases in 2018,” he said.
In addition, what happens to the US dollar next year will
be crucial for gold’s performance, as a softer greenback
makes commodities priced in dollars cheaper for
investors using other currencies.

“If 2017 marks the end of a multi-year period of U.S.
dollar strength, gold could benefit from that tailwind,
unlike the headwind that it has experienced since 2001,”
John Reade, chief market strategist for the World Gold
Council, said in a report.
Meanwhile, Holmes mentioned another point to pay
attention to next year, which is that the market has
reached peak gold due to a lack of technological
breakthroughs. He expects that small- and mid-cap
companies will be bought by the Newmont Minings
(NYSE:NEM) of the world, which is an important sign
that they are not, in their own exploration, finding
reserves fast enough to replace their production.
“[We’re also seeing] supply restrictions from bullion
hitting the market, global GDP churning up with PMI,
money printing continuing along with negative interest
rates,” he added.
In contrast, Louis James, editor of the International
Speculator, said he doesn’t believe we have reached
peak gold, but that there’s a lack of certain kinds of
discoveries. “There are lower-grade deposits out there,
there’s a lot of gold out there. All you have to do is notch
down the grade, and at higher prices those become
economic. So no, I don’t see gold being driven by a lack
of discovery,” he said.
In terms of price, Leni is expecting the next leg up in the
gold bull market to happen in 2018, with gold trading
above $1,300 for the majority of the year. Factors
supporting this price level include geopolitical tensions
and a slower pace in interest rate increases.

“If we don’t see strength in the gold price, I think the next
most likely scenario for the gold price is to trade within a
range of $1,100 and $1,300, much like we have seen in
2017,” he added.
Firms polled by FocusEconomics estimate that the
average gold price for 2018 will be $1,268. The most
bullish forecast for the year comes from CPM Group,
which is calling for a price of $1,322; meanwhile, Itau
BBA is the most bearish with a forecast of $1,170.
Leni also mentioned that in order to manage their
expectations investors should understand the difference
between investing in gold and buying gold stocks. “While
there is leverage, so to speak, in buying the companies,
they come with much more risk and complexity” than
investing in gold.
Gold Forecast 2018:
Companies Weigh In
Execs from Algold Resources, Asante
Gold, Bullfrog Gold, Nexus Gold and
Granada Gold Mine share their gold
forecast for 2018.

The gold price has increased almost 10 percent this
year, and many market participants remain bullish
on the precious metal.
Several key factors such as geopolitical tensions, a
declining US dollar and interest rate hikes from the US
Federal Reserve have all impacted gold in the past year.
To learn more about what companies see coming in
2018, the Investing News Network reached out to
executives and CEOs in the space.
Douglas MacQuarrie, president and CEO of Asante
Gold (TSXV:ASE); Dave Beling, president and CEO
at Bullfrog Gold (OTCMKTS:BFGC); Alex Klenman,
chairman and COO of Nexus Gold (TSXV:NXS); Frank
Basa, president and CEO at Granada Gold
Mine (TSXV:GGM); and Alex Ball, executive vice
president, finance and corporate development, at Algold
Resources (TSXV:ALG), provided insight.
Gold trends 2017: Price up less than
expected
This time last year, analysts and companies were
predicting a strong year for gold. Despite the well-known
volatility in the gold market, many market participants
were expecting prices to climb above $1,300 per ounce
and move in an upward trend.
At the beginning of 2017, Nexus’ Klenman expected a
stronger showing in the price of gold in 2017. “The gold
price was never really able to sustain a higher price, and

traditional geopolitical catalysts seem to have much less
effect than in the past,” he commented.
Asante’s MacQuarrie said he estimated that the gold
price would reach $1,300 this year, with the market
being stronger, but investors seemed to be more
interested in speculation and not safety. He mentioned
the DOW (INDEXDJX:.DJI), NASDAQ Composite
(INDEXNASDAQ:.IXIC), bitcoin and cannabis as some
of the investments that people turned to this year.
“When [these stocks] fail, which they must, volatility will
come back to the market and gold will move up to its
next level, which could be $1,450,” he added.
For his part, Bullfrog’s Beling said he also expected the
gold price to remain above $1,300 and continue upward,
something that didn’t quite happen this year. He also
noted that “funding remains difficult for most gold
projects.”
Similarly, Algold’s Ball said that the most challenging
aspect of the resource sector in 2017 has been the lack
of liquidity for junior miners, which “was sucked up by
ETFs and blockchain.”
Gold forecast 2018: Price set for a strong
year
Looking at what’s ahead for gold, Nexus’ Klenman
believes 2018 could be “a very strong year for gold and
subsequently for gold stocks.” Similarly, Granada Gold’s
Basa expects an excellent market for precious metals.
“The US will lose position in the world, [and] as this

happens the value of gold will go up because it is a
secure investment,” he said.
Algold’s Ball said gold is trading below any normal
distribution, and the secular trend remains
favorable. “The market needs liquidity, which comes with
results, a discovery or mergers and acquisitions,” he
noted, explaining that investors will react to a new world-
class discovery and positive results.
Asante’s Macquarrie believes major markets are
overvalued, while bitcoin and cannabis stocks are in a
bubble. A correction, which will happen eventually, will
drive investment to gold as a safe-haven asset.
“We feel investors should seek safety now and have at
least a 20-percent weighting in gold bullion and gold
equities, with one-quarter of that in the best junior
explorers, which will be highly leveraged to good news
in a rising gold price,” he added.
Meanwhile, Bullfrog’s Beling suggested investors who
are new to the market to research investments for
potential upsides and downsides. “[Investors should]
give serious thought to those that are undervalued, not
those that have peaked or are overvalued,” he added.
Gold forecast 2018: What’s ahead for
companies
The execs also took the time to share their highlights
from 2017 and outline what catalysts to look forward in
the year ahead.

In 2017, Algold delivered a NI 43-101 compliant
resource for its Tijirit project and received a 30-year
mining lease. In addition, the company financed a drill
program for high-grade targets.
Next year, Algold is expecting to deliver an updated
high-grade resource and will drill at the Salma granite
contact zone. It will also introduce a strategic player to
derisk and further validate its asset.
The most significant development for Granada Gold in
2017 was the agreement between the company
and Castle Silver Resources (TSXV:CSR) for the
construction of a 600-tonne-per-day mill at the Castle
property, which will process Granada Gold’s ore. In
addition, the company met its 5-million-ounce target at
the Granada property in 2017.
Looking ahead, the company has just obtained permits
for exploration drilling at the former Aukeko mine site on
its property, where a “treasure chest of gold” has been
defined historically. “A bulk sample from Aukeko in 1938
averaged 7 ounces of gold per ton (equivalent to 239.9
g/t gold), so we’re very excited about being able to drill
at that location,” Basa added.
For his part, Klenman said Nexus Gold had a discovery
at one early stage project this year, with the company
currently conducting its fifth drill program in the last 12
months. “We will continue to work our properties and
provide investors with opportunity for returns,” he said.
In 2017, Bullfrog completed an independent NI 43-101
technical report for its Bullfrog Gold project. Next year,
the company is looking to drill and acquire more land.

Lastly, Asante Gold continued exploration at its Keyhole
project in Ghana. The company will continue to source
funding for its Kubi gold development and is also looking
for high-quality acquisitions.
Best Gold Stocks of 2017 on
the TSX
Looking for the best gold stocks? These
TSX-listed gold companies have seen the
biggest year-to-date gains so far in 2017.
The gold price dropped below $1,300 per ounce in
the last quarter of the year after jumping past $1,340
in September.
As investors watch bitcoin surge, some are questioning
the rationale behind investing in gold. That said, there
are still many who believe that the yellow metal will
shine again, and are willing to wait it out. Overall, the
gold price has increased about 7.5 percent in 2017,
and the best gold stocks have seen even greater gains.
The list below was generated on December 11, 2017
using the Globe and Mail’s market data filter, and it
shows the TSX-listed gold companies that have seen
the biggest share price gains year-to-date. Only
companies with market caps above $50 million as of that
date are included. You can also view our list of top-rising
junior gold stocks on the TSXV by clicking here.

1. Kerr Mines (TSX:KER)
Current price: $0.30; year-to-date gain: 160.87 percent
Kerr Mines retains its first-place position on our best
gold stocks list after taking the top spot in Q3. Kerr is a
North American gold exploration and development
company whose focus is on commencing production at
its Arizona-based Copperstone gold property.
In August, the company awarded key contracts for a
2017 exploration program and feasibility study at
Copperstone. The same month, Kerr also started the
first phase of surface drilling at the project. Since then,
Kerr has released a slew of drill results from
Copperstone and has also announced a $5 million non-
brokered private placement. Proceeds will be used for
further exploration at the asset.
2. Kirkland Lake Gold (TSX:KL,NYSE:KL)
Kirkland Lake Gold is a mid-tier gold company with
mines in both Canada and Australia. Last year, the
company merged with Newmarket Gold and acquired
assets in Australia, including the Cosmo mine and
Fosterville mine. Fosterville and the Ontario-based
Macassa mine are the company’s key assets.
Since that time, the company has reported an increase
in reserves underground from 240,000 ounces to over 1
million ounces at Fosterville alone. Kirkland Lake CEO
Tony Makuch says that at Fosterville gold is produced

without any by-products and with production costs just
under $250 per ounce.
In August of this year, Kirkland Lake began trading on
the NYSE, after which the company’s share price
crossed the $15 mark for the first time. The company’s
guidance for 2017 is 570,000 to 590,000 ounces of gold
and it has “increased guidance already twice this
year,” as per Makuch.
3. Corvus Gold (TSX:KOR)
Corvus Gold joins our best gold stocks list for the
second time this year. The exploration and development
company is focused on its near-term gold-silver North
Bullfrog project in Nevada. Corvus also controls a
number of royalties on North American gold, silver
and copper exploration projects.
Corvus has been busy drilling throughoutthe year. In
the first half of 2017, the company put out results from
North Bullfrog’s Liberator zone, Western zone and North
Jolly Jane target. Since then, Corvus has acquired
the Mother Lode property from Goldcorp
(TSX:G,NYSE:GG) and has discovered a new lower
zone at Mother Lode. Corvus has also
announced an expanded mineral resource at North
Bullfrog.
4. Sabina Gold & Silver (TSX:SBB)

Sabina Gold & Silver’s principal assets are its Back
River gold project and its royalty on Glencore’s
(LSE:GLEN) Hackett River silver-zinc project, both of
which are located in Nunavut. The company also has
exploration properties in Nunavut and Ontario.
The company has been active at Back River this year,
and in December said it had “reached a major
milestone” at the project. According to the company,
Canada’s minister of indigenous and northern affairs has
issued a positive ruling that will allow Back River
to commence the regulatory and licensing phase.
5. Marathon Gold (TSX:MOZ)
Marathon Gold is currently advancing its Valentine Lake
Gold Camp in Newfoundland, which hosts four near-
surface, mainly pit-shell-constrained gold resources.
A Q1 update increased the overall project’s measured
and indicated resource by 31 percent, to
1,388,200 ounces of gold grading 1.91 g/t.
The company has drilled steadily
throughout 2017, announcing an “aggressive 60,000-
meter drilling program” at Valentine Lake in May. By the
last quarter of the year, the
company had increased Valentine Lake’s overall
measured and indicated resource again; it now comes in
at 1,847,000 ounces of gold at 1.88 g/t. Marathon
also began trading on the OTCQX.

Best Junior Gold Stocks of
2017 on the TSXV
Which TSXV-listed junior gold stocks
have performed the best so far this year?
Our list includes the five biggest gainers.
While the gold price was up nearly 10 percent year-
to-date as of mid-December, it doesn’t look set to
end 2017 on a strong note.
Interest in cryptocurrencies like bitcoin, along with a
higher US dollar and expectations of rising interest
rates, have all reduced the yellow metal’s appeal.
Nevertheless, some junior gold stocks did manage to
come out on top in 2017.
The list below was generated on December 8, 2017
using the Globe and Mail’s market data filter, and it
shows the TSXV-listed gold companies with the biggest
share price gains year-to-date. Only companies with
market caps above $10 million are included. You can
also check out our list of the top-performing TSX-listed
gold stocks here.
1. Metallis Resources (TSXV:MTS)
Current price: $1.88; year-to-date gain: 3,020 percent
Metallis Resources kicks off our list of best junior gold
stocks with a whopping 3,000-percent increase. The

company’s main focus is its Kirkham gold-copper–
silver–nickel property in BC’s Golden Triangle.
Over the course of 2017, Metallis has completed drilling
at Kirkham, with its most recent update coming in
September. President and CEO Fiore Aliperti said at the
time that the project was “now showing potential for
multiple deposit types along an under-explored corridor
within the prolific Eskay Camp.” Since then, the
company has raised $2.2 million via a private placement
with investor Eric Sprott.
2. Revival Gold (TSXV:RVG)
Current price: $0.74; year-to-date gain: 1,340 percent
Revival Gold is a gold exploration and development
company with three properties in the US. Formerly
known as Strata Minerals, Revival Gold changed its
name in July and also switched its focus to gold.
Since then, Revival Gold has expanded its land
position at the Arnett Creek gold project and executed
an agreement under which it can gain a 100-percent
interest in Meridian Beartrack, the owner of the
Beartrack gold project. Both Arnett Creek and Beartrack
are located in Idaho. Since its deal with Meridian,
Revival Gold has announced “encouraging rock sample
results” from Beartrack.
3. Novo Resources (TSXV:NVO)

Analyst favorite Novo Resources is focused on Western
Australia’s Pilbara region, where it holds a land package
covering about 12,000 square kilometers. It also has
property in Nevada’s Tuscarora district.
The company has attracted attention this year on the
news that it may have found a counterpart to South
Africa’s Witwatersrand gold belt. While it’s still too soon
to tell, the company’s early success and high-profile
backers — such as Eric Sprott and Keith Barron — have
left investors interested.
Some of Novo’s latest news came at the end of
November, when it completed its farm-in exploration
expenditure with Artemis Resources (ASX:ARV). The
companies will now conduct more exploration in the
Pilbara region under a 50/50 joint venture. They
are currently working at the Purdy’s Reward tenement.
4. Aurion Resources (TSXV:AU)
Junior gold stock Aurion Resources is focused on
developing its projects in Finland, where it currently has
a joint venture agreement with B2Gold
(TSX:BTO,NYSEAMERICAN:BTG).
The company’s share price took off in February
after it discovered a new bonanza gold zone at its Risti
project in the country. That same month, Aurion
announced two private placements, one for $6
millionand the next for over $8 million.

Throughout the year, the company has issued a slew of
news. It identified new gold zones at Risti, closed a
private placement with Kinross
Gold (TSX:K,NYSE:KGC) and extended Risti’s Aamurus
ko zone to 1.4 kilometers. In its latest press release,
Aurion announced it would be extending a drill
program at Aamurusko into early December.
5. Reunion Gold (TSXV:RGD)
Reunion Gold is focused on acquiring projects in South
America’s Guiana Shield region. Previously the owner of
the Matthews Ridge manganese project, Reunion is now
focusing on gold.
In July, the company entered into a three-year option
agreement to acquire a gold property in French Guiana.
In September, it closed a private placement for
$10,980,449. Towards the end of the year, the junior
gold stock received another boost shortly
after it announced a private placement with Barrick Gold
(TSX:ABX,NYSE:ABX). The company received over $9
million.
5 Top Gold News Stories of
2017

Our top gold news stories of 2017 show
that investors continue to value insight
from experts on prices and market trends.
The gold price was up about 12.5 percent year-to-
date as of Monday (December 4), changing hands at
around $1,275 per ounce.
Overall, the yellow metal has put in a solid performance
in 2017, with many market watchers saying it has done
what they expected or even exceeded their
expectations.
It remains to be seen what 2018 will bring for the market
— for now, let’s take a look at what happened this past
year. Scroll down to see our list of the most popular
Investing News Network gold news stories of 2017. We
found they reflect continued interest from investors in
expert commentary and advice.
1. Peter Schiff: Do This to Survive the
Stock Market Bubble
The US Federal Reserve has inflated three stock market
bubbles this century, and according to Peter Schiff of
Euro Pacific Capital, the current one is the biggest
yet. So what’s an investor to do? In this October video,
Schiff says one option is to look at gold.
He also offers insight on how US President Donald
Trump’s policies could affect the market.
Watch the full interview with Schiff

2. Keith Barron of Fruta del Norte Fame is
Back in Ecuador — This is What He’s Up
To
Toward the beginning of the year, we caught up with
Keith Barron, the geologist who discovered the Fruta del
Norte gold deposit in Ecuador. At Aurania Resources
(TSXV:ARU), his new company, Barron’s goal is to find
the lost gold settlements of Logroño de los Caballeros
and Sevilla del Oro in Ecuador.
How much gold will he find? That remains
unknown, but Barron has high hopes, and it
appears shareholders also have faith — Aurania’s share
price has skyrocketed this year, and was up nearly 200
percent year-to-date as of early December.
3. Robert Friedland: Copper Will Continue
to Outperform Gold
At the Sprott Natural Resource Symposium this past
summer, mining magnate Robert Friedland said he sees
the copper price continuing to outperform the gold
price as the world’s populations grows and goes “green.”
How is green technology driving up copper prices?
Friedland explains.
4. Frank Giustra: “We’re in the
Beginnings of a Very Important Gold
Market”

With words many were hoping to hear,
Frank Giustra said in a talk at the start of the year that
we are now in a gold bull market. Giustra pointed to
large debts and to how interconnected countries are
now, and said he believes that conditions
resemble those seen in 2011, the last time gold soared.
Forecasting a repeat in history, he went on to explain
what investors should do moving forward.
5. Rick Rule: “I Sleep Better at Night
Owning Physical Precious Metals”
While some are scrambling to get on the bitcoin train,
Rick Rule of Sprott US Holdings tells investors in this
video why he no longer owns bitcoin and what he’s
invested in instead. Plus, how many stocks should an
investor own? Rule offers his expertise on this important
question and outlines what changes in the resource
space he sees coming.
https://youtu.be/rIS4j88TVuc

Gold trends 2018

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