Recent Interviews

Matthew Salthouse, CEO, Kainantu Resources

Matthew Salthouse
CEO | Kainantu Resources
3 Phillip Street #19-01 Royal Group Building, 048693 Singapore (SGP)

+65 6920 2020

Interview Kainantu Resources: "We hold the key to growth in the Asia-Pacific region".

Justin Reid, President and CEO, Troilus Gold Corp.

Justin Reid
President and CEO | Troilus Gold Corp.
36 Lombard Street, Floor 4, M5C 2X3 Toronto, Ontario (CAN)

+1 (647) 276-0050

Interview Troilus Gold: "We are convinced that Troilus is more than just a mine".

John Jeffrey, CEO, Saturn Oil + Gas Inc.

John Jeffrey
CEO | Saturn Oil + Gas Inc.
Suite 1000 - 207 9 Ave SW, T2P 1K3 Calgary (CAN)


Saturn Oil + Gas CEO John Jeffrey: "Acquisition has increased production by 2,000%"

05. August 2021 | 13:41 CET

Commerzbank, Troilus Gold, Allianz - The bubble bursts!

  • Gold
Photo credits:

Rising consumer prices are belatedly arriving in Germany. At 3.8%, these were higher in July than at any time since the fall of 2018. And inflation is also likely to pick up further due to rising commodity prices. Instead of raising interest rates and reducing bond runs, the European Central Bank sticks to its ultra-loose monetary policy. The high rates of price increases are said to be temporary and due to special factors. What to do as a saver when expropriation threatens? Take precautions against the worst-case scenario.

time to read: 4 minutes by Stefan Feulner

Ryan Jackson, CEO, Newlox Gold Ventures Corp.
"[...] We quickly learned that the tailings are high-grade, often as high as 20 grams of gold per tonne; because they are produced by artisanal miners, local miners who use outdated technology for gold production. [...]" Ryan Jackson, CEO, Newlox Gold Ventures Corp.

Full interview



Stefan Feulner

The native Franconian has more than 20 years of stock exchange experience and a broadly diversified network.
He is passionate about analyzing a wide variety of business models and investigating new trends.

About the author

No end in sight

The key interest rate remains at a historic 0.0%, and there is no thought of a throttling of the bond program after the last meetings of the central banks. Even the EUR 1.85 trillion Pandemic Emergency Purchase Program launched by the European Central Bank at the beginning of the pandemic is expected to continue until at least March of next year, and securities purchases are even to be increased this fall. The bubble is thus inflating further and further. Highly indebted countries such as Italy or Spain are supported by the fact that they can finance their rescue programs and reduce their debts with the proceeds. An abrupt increase in interest rates would put both states and companies in existential difficulties. That leaves the monetary authorities little room for maneuver. Growth and jobs take precedence over price stability.

Gold is attractive

The fears of savers are entirely justified. Especially in times of inflation fears, it is worth adding gold to any portfolio, as the precious metal is considered a safe haven against the loss of value of money. Although the gold price is currently hovering around the USD 1,800 mark, the signs for a long-term rise in the gold price are better than ever. Experts predict prices beyond the USD 3,000 mark per ounce and point to the bubble building up due to the lively money printing by the central banks, which does not solve the problems but only pushes them back. Therefore, they say, it is likely that the precious metal will go up in the long term with a time lag.

Exceptional conditions

An attractive investment opportunity currently exists at the Troilus Gold Project, a mine that produced 2 million ounces of gold and about 70,000t of copper between 1996 and 2010. Due to a weakening gold price, the mine was subsequently shut down. For nearly four years, Troilus Gold has drilled nearly 250,000m on the 1,420km² concession area in the Canadian province of Quebec, expanding resources to 8.1 Moz of gold.

Currently, the drilling rate is 10,000m per month, which ensures a continuous news flow. A further resource estimate is also due to be released in the coming weeks. Work is also underway on a further feasibility study which will be critical to the permitting process. A definitive feasibility study is then expected in mid-2022. By the end of 2023, according to the ambitious management's plan, the mine should be in production. The mining costs are USD 850 per ounce, giving an internal rate of return of an attractive 33%.

The attractiveness of the project was also recently demonstrated in the capital market. In a bought deal transaction, the Company was able to secure CAD 45 million. In addition, the Québec government and the Fonds de Solidarité pension fund co-invested CAD 11.15 million on equal terms. This potential is also shared by analysts at Cormark Securities. They named Troilus Gold a "Top Pick" and see the Company as one of the most attractive acquisition targets for larger gold producers given its size and location. The experts set the price target at CAD 4.50, which would be equivalent to a fivefold increase in the current share price.

You can read an in-depth interview with Troilus Gold CEO Justin Reid here.

Trend reversal at Allianz

The flagship of the German share index DAX has suffered its first scratches. After record profits in recent years, a scandal in the USA is now causing a possible change in trend. At the very least, the Allianz Group's Board of Management sees a considerable risk that the matters associated with the fund could significantly impact the insurance group's future financial results. The fund in question is Structured Alpha. Here, the DAX-listed Company is alleged to have deviated from its own investment rules laid down in the fund's articles of association. Investors are suing, and now the US Securities and Exchange Commission and the US Department of Justice (DoJ) are investigating. The Munich-based Company rejects the accusations.

From a chart-technical perspective, the picture has also clouded considerably. After the price slide of around 10% to EUR 189.90, a countermovement towards the price gap at EUR 205.30 would have been desirable in the eyes of the bulls. However, increasing selling pressure pushed the value again in the direction of last week's lows. As a result, significantly lower quotations are to be expected initially in the area around EUR 160. New investments should be avoided at the moment.

High burdens at Commerzbank

The shares of Commerzbank should also not be added to the portfolio at the moment. The financial institution slipped significantly deeper into the red again in the second quarter. The ongoing group restructuring and restructuring expenses of EUR 511 million led to the high charges. Overall, the loss was EUR 527 million. The Frankfurt-based company plans to continue restructuring until 2024. That includes the elimination of 7,500 full-time positions and the closure of around 340 locations. The share price reacted with a fat drop of almost 6% to EUR 5.13. The next major support is at EUR 4.

Rising inflation figures and loose monetary policy make gold attractive in the long term. Troilus Gold has a high-grade deposit that should go into production by 2023 at the latest and is therefore promising in the long term. In contrast, we see little potential in Allianz and Commerzbank.


Stefan Feulner

The native Franconian has more than 20 years of stock exchange experience and a broadly diversified network.
He is passionate about analyzing a wide variety of business models and investigating new trends.

About the author

Conflict of interest & risk note

In accordance with §34b WpHG we would like to point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH may hold long or short positions in the aforementioned companies and that there may therefore be a conflict of interest. Apaton Finance GmbH may have a paid contractual relationship with the company, which is reported on in the context of the Apaton Finance GmbH Internet offer as well as in the social media, on partner sites or in e-mail messages. Further details can be found in our Conflict of Interest & Risk Disclosure.

Related comments:

17. September 2021 | 12:42 CET | by Carsten Mainitz

Desert Gold, Barrick Gold, flatexDEGIRO - What is next after the correction?

  • Gold

Not always does an equation work out when investing in the short term. Patience and a longer-term investment horizon are not often emphasized for nothing. Investments in tangible assets such as stocks, commodities and real estate have been proven to protect against a loss of purchasing power. Precious metals are also suitable as crisis currencies over more extended periods. Setbacks offer opportunities! Who has the best cards?


17. September 2021 | 10:41 CET | by Stefan Feulner

Steinhoff, Tembo Gold, Nikola - Strong rebound potential

  • Gold

Which investor does not dream of investing in a stock anticyclically during strong price setbacks to earn disproportionately from the rebound? But the anticyclical investment strategy, in which one bets against the broad mass, is associated with considerable risks. Because of this, one should analyze the object of one's desire carefully to see the reasons for the rapid sell-off. Are they self-inflicted problems, as was best observed in the Wirecard example, or is the impulse coming from outside.


16. September 2021 | 12:45 CET | by Carsten Mainitz

Triumph Gold, First Majestic, Varta - Inflation is getting worse than we think - How to safeguard your assets!

  • Gold

Inflation in the US eased slightly in August from July's 5.4% to 5.3%. Nevertheless, this is a high value. It would be premature to derive a trend reversal from this. Far more dramatic are the rates of inflation in wholesale prices in Germany. As the Federal Statistical Office recently reported, these rose by 12.3% year-on-year in August. It was the most substantial increase since October 1974, during the first oil crisis. Investors should invest in tangible assets such as shares, real estate, commodities, or precious metals to protect their assets. Who offers the best risk-reward ratio?