Powell Turns Dove As Employment Situation Deteriorates, Gold Soars, & Financial Repression Looms
Fed Chair Jerome Powell sent equities and precious metals soaring on Friday after a Jackson Hole PACO
In this weekly video, I unpack the Powell PACO pivot from Friday and why a looming financial repression has vast implications for hard assets and mining equities. Additionally, in this week's video I discuss copper, silver, and a bevy of junior mining stocks/charts.
Disclosure: Author owns shares of several stocks discussed in this video including ASCU.TO AZT.V B BIG.V BYN.V GCU.TO SIG.V and may choose to buy or sell at any time without notice.
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Agreed, I saw their presentation at VRIC in January when they were at 25 cents and didn’t act, have a very small position which is already 45% higher, would like to get a real position, but hate chasing, some mediocre drill results may provide an opportunity. Cudos to all those that got in early.
Ive been doing a deep dive on Rackla for the past 7-10days. Took a large position recently which was not an easy decision given the price run. The only remaining question seems to be grades
With the drill program being expanded both total m's and depth of holes, management commitment to building a camp right on site for next season, further ground staked in the area, major shareholder buying on market not far from current levels and core that has been in the assay labs for close to a month I would be shocked if the grades are not at worst 1 g/t over large intervals.
I mean there is no way you keep expanding a drill program and commit to sinking more capital without getting at least partial assays to indicate your pre drill thesis which was the gold grades correlate with the amount of bismuth veins per metre of core. If that was to be the case management are totally incompetent and I think that couldn't be further from the truth.