There was great trading action in gold and silver today, but here is the key.

March 9 (King World News) – James Turk:  Great results today for both gold and silver, Eric. They are starting to work off their oversold position, but perhaps there is a more important message that we should be thinking about.

Today may be a signal that gold and silver are beginning the next leg up in their respective bull markets. It is a reasonable conclusion for a few reasons…

To hear Jon Case’s dire warning for the US and also his discussion of
the gold & silver markets 

First, the strength of both metals’ performance today speaks for itself. Last week both metals held critical support levels. Perhaps most important is the excessive money printing by central banks around the world, which is already being reflected in worsening inflation. Rising prices in just about everything highlights the undervaluation of both precious metals but particularly silver.

We can see the long-term uptrend in this chart of May silver. But there is something else that I would like to point out.

Silver May Be On The Way To Finally Hurdling $28
After Lengthy 7-Month Consolidation

For seven months now silver has been in a sideways trading range consolidating its big gain from last year. It has been a real fistfight, particularly this year. 

Round one was in January. It took 7 days for silver to break the red downtrend line and close above $26. It actually sailed through that level on the seventh day.

We are now in Round 2, and it looks like silver is winning this time with just one day to break through and close above $26. It is a real sign of strength. 

It will be very good news indeed if we get some upside follow through tomorrow. Then we can start setting our sights on the next hurdle, $28.

Also of importance…

One Of The Most Prolific Gold Addresses In The World
Kevin Ma:
 Eric, we are very excited to have recently commenced trading on March 1st, on the TSX Venture Exchange, under the ticker symbol “KALO”.  Kalo owns 100% of the high-grade Vatu Aurum Gold Project in Fiji, which is one of the most underappreciated but prolific gold addresses in the world, located in the South Pacific Ring of Fire. 

This part of the world holds some of the largest high-grade gold systems on the planet, including Porgera in Papua New Guinea with 25Moz of gold, Lihir on the eastern part of PNG with 50 million ounces, Waihi at over 10 million ounces in New Zealand and in Fiji itself, there is Vatukoula which has produced 7 million ounces of gold during the last 75 years and going strong. Lion One’s high-grade Tuvatu Project in Fiji is also making significant progress.

Drilling For Further High-Grade Discovery
Importantly, Vatu Aurum already has a high-grade and thick discovery at Qiryaga Hill, including 10 meters at 27.18 g/t gold, 8.75 m at 36.02 g/t gold, 6 meters at 15.88 g/t gold as well as, 20 metres at 6.23 g/t Au. And the intersections are mostly near surface! We are very excited to have commenced our latest drill program this past December, focused on Qiryaga Hill, plus the addition of more high priority targets on the large 36,700 hectares land packageover 14 high priority targets and counting.

K92 And The Ring Of Fire
The project has attracted David Medilek, Vice President Business Development and Investor Relations from K92 Mining who is a Special Advisor to Kalo. K92 has another big system in the South Pacific Ring of Fire with the Kainantu Gold Mine in Papua New Guinea, which also won the prestigious PDAC’s 2021 Thayer Lindsley Award for Best Global Discovery. David joined for the high-grade, big system potential of Vatum Aurum.

Newmont, Barrick & Goldcorp
Lastly, Kalo brings a deep team with extensive South Pacific and Fiji experience to realize Vatum Aurum’s potential. The technical team is lead by Mr. Fred Tejada, Kalo Gold CEO, while Mr. Kevin Ma, Kalo Gold President, will be leading capital markets and corporate finance.  Mr. Michael Nesbitt, co-founder of Kalo, continues as senior in-country manager.  Mr. Nesbitt has over a decade of experience in Fiji and developed key relationships with government and local landowners. We are also supported by a strong group of directors and special advisors, from exploration to mine building experience, including with senior mining companies such as Newmont and Barrick

As mentioned earlier, our special advisory committee is comprised of Mr.  David Medilek of K92 Mining, Mr. Alastair Still of Goldmining Inc. (former director, corporate development, with Newmont Corp. (formerly Goldcorp)), and Dr. Russell Fountain, former chairman and a director of Geopacific Resources Ltd., an Australian Securities Exchange-listed public company that, at one stage, held the largest mining concessions in Fiji, holding five copper/gold projects, including the Raki-Raki and Faddy projects.

Exciting ties lie ahead, and pay attention to the drilling underway! Kalo Gold, symbol KALO in Canada.

Gerald Celente discusses the imminent global boom as the world prepares to open economies, what surprises to expect, as well as what’s next for the gold market and you can listen to it by CLICK HERE OR ON THE IMAGE BELOW.

To listen to Alasdair Macleod discuss the gold and silver takedown and what to expect next CLICK HERE OR ON THE IMAGE BELOW.

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