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Weak Data Contradicts FOMC's Optimism as Gold Surges


News provided by

FinancialBuzz.com

06 Sep, 2016, 14:42 GMT

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NEW YORK, September 6, 2016 /PRNewswire/ --

Federal Reserve Chair Janet Yellen gave an important speech recently, claiming that the case for an interest rate increase had grown stronger. This is due to strong jobs reports in recent month and higher consumption rates within the United States. Yet, even though the state of the economy was approached with optimism by the FOMC, soon after new reports have shown that uncertainty still weighs on the market and the Dollar. Market Vectors Junior Gold Miners ETF (NYSEARCA: GDXJ), IAMGOLD Corp. (IMG.TO), Bravura Ventures Corp (BVQ.V), B2Gold Corp. (BTO.TO), K92 Mining Inc (KNT.V), IAMGOLD Corp (IMG.TO)

Economic data showed that U.S manufacturing has fallen According to the National Bureau of Labor Statistics. Alongside those figures, the U.S. economy added 151,000 jobs in August, falling short of analyst estimates for 180,000. These unexpected developments pushed the dollar down and provided incentive for gold prices to rebound. Market Vectors Junior Gold Miners ETF (NYSEARCA: GDXJ) surged by more than 10%, the Junior Gold Miners ETF increased in value by about 140% year to date.

Bravura Ventures Corp (TSX-V: BVQ) announced that the company entered into an option agreement dated September 2, 2016 (the "Agreement") with Soleil Gold Corp. ("Soleil") to acquire an undivided 100% interest in and to certain mineral properties, together with the surface rights, mineral rights, personal property and permits associated therewith (collectively, the "Musgrove Creek Property" or the "Property"), located in Lemhi County, Idaho.

Bravura Ventures Corp stated that, Musgrove Creek is an advanced gold exploration project located in Lemhi County, Idaho. Musgrove Creek contains a NI 43-101 Inferred Mineral Resource estimate of 8 million tonnes at 1.22 g/t Au (0.036 oz/ton) at a gold cut-off of 0.8 g/t (0.023 oz/ton). This is equivalent to 9,761 kg (313,822 oz) of gold

at zero dilution (Gruenwald and Makepeace, 2004).

B2Gold Corp. (TSX: BTO) gold producer with approximately four operating mines and one mine under construction. The Company has a portfolio of other evaluation and exploration projects in various countries, including Mali, Colombia, Burkina Faso, Finland, Chile and Nicaragua. Shares of the company, similarly to the Junior Gold Miners ETF slightly declined during August, yet picked up again about 9% after the manufacturing data was published.

K92 Mining Inc. (TSX-V: KNT) and IAMGOLD Corp (TSX: IMG) are booth exploration-stage company. K92 Mining is engaged in the business of exploration, development and exploitation of mineral resources in Canada. The Company's segment operates through the mineral property explorations in Canada. IAMGOLD has interests in various operations and exploration properties, as well as various royalty interests on mineral resource properties. All gold produced by IAMGOLD is in the form of dore bars, which is sold to gold refineries in North America and Europe. Shares of both companies jumped about 150% year to date.

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About FinancialBuzz.com  

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR branding, marketing and advertising for third parties for disseminating news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com  (the "Site") is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into service agreements with the companies which are the subject to the articles posted on the Site for advertising such companies. Financialbuzz.com been compensated five thousand dollars directly from bravura ventures corp. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting the high quality and sophisticated content on this site along with other financial news pr media services. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this site, or a combination thereof.  The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com does not undertake to update any of the information on the Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security.  FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on the Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print.  Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use.

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