Far East Capital Newsletter
Tonogold is drilling the Comstock Lode in Nevada, USA
5 Oct 2020

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Tonogold is drilling the Comstock Lode in Nevada, USA

Most of the media last week was about the Presidential debate. Of course, there was the usual copious commentary on the coronavirus, and then they merged.
The market knows how to handle the virus this but it had a spasm late on Friday when it was disclosed that President and his wife both had tested positive for the virus. I’m not sure that it changes anything, for better or worse, but our market certainly dropped its bundle! Prior to that news the gold price had rallied nicely to hit US$1,915/oz, but it slipped back under US$1,900/oz at the close.
The most recent commentary is that the President could be out of hospital by mid-week, so the market can recover.

A very interesting USA-based gold company showed up on our radar recently. Normally we wouldn’t bother you with a gold company not listed on the ASX, and we would be even less interested in a pink sheet stock on OTC, but Tonogold (OTC:TNGL) is something out of the ordinary. It offers something that is indeed exceptional.

 

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