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Bullboard - Stock Discussion Forum Ely Gold Royalties Inc ELYGF

Ely Gold Royalties Inc is an exploration and development stage natural resource royalty company. It is engaged in the evaluation, acquisition, exploration, development, and sale of natural resource projects and royalties. The company is currently focused on purchasing royalties and selling its gold projects, with the potential to generate royalties, in the United States and Canada. It holds an... see more

OTCQX:ELYGF - Post Discussion

Ely Gold Royalties Inc > $1800 Gold in Full View
View:
Post by PetroLoonie1 on Jun 23, 2020 9:35pm

$1800 Gold in Full View

August Futures currently at $1789.60

https://www.kitco.com/commentaries/2020-06-23/Gold-pricing-closes-solidly-higher-breaking-above-its-trading-range.html





Multiple factors continue to be highly supportive of higher gold pricing

Today gold closed at its highest value since 2012. Dollar weakness was only one factor contributing to today’s historical climb.

Renewed tensions between the United States and China were once again in the spotlight.

There were a series of conflicting statements by Peter Navarro regarding the status of the trade deal between the U.S. and China.

North Korea’s recent actions against South Korea seems to have been put on a back burner but could heat up at any moment.

Then there is the increased tension between China and India over disputed territory on the border.

Most importantly the U.S. Treasury Department has funded in a package of over $3 trillion.

This in conjunction with a highly accommodative monetary policy by the Federal Reserve keeping interest rates near zero and adding an additional $3 trillion to their balance sheet as they have been purchasing treasuries, mortgage-backed securities, and now corporate bonds.

Any one of the situations could have a bullish impact on gold pricing, however the combination of all of the factors mentioned above provide a profound bullish tailwind taking gold pricing to $1800 per ounce, and possibly even challenging the all-time record high just above $1900.

Comment by colt45acp on Jun 24, 2020 9:54am
Hey guys we got a right shoulder just starting here or we gona jump from here, tad early to commit on that one. just thinking. glta.
Comment by feenewbie on Jun 24, 2020 10:15am
This post has been removed in accordance with Community Policy
Comment by colt45acp on Jun 24, 2020 10:35am
Your right thier is that gap. mAKES THINGS MORE EXCITING. Not yelling. glta
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