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Red Lake Madsen Mine Ltd LRTNF

Pure Gold Mining Inc is a gold mining company, located in the heart of Red Lake, Ontario, Canada. Its vision is pure and simple, to build a profitable, multi-generational growth company in the world-class gold mining district of Red Lake. With 100%-owned, fully constructed operating PureGold Mine, a multi-million-ounce gold endowment, and significant exploration upside, the company's value-maximizing strategy is to pursue operational excellence, while investing in systematic exploration and phased expansions to fuel discovery and growth for the future.


GREY:LRTNF - Post by User

Comment by Welchspringon Aug 28, 2021 1:06pm
182 Views
Post# 33778432

RE:The Greed Factor

RE:The Greed FactorWell, well the inflation rate is continuing to go higher. Good for gold. PCE was 4.2%, CPI at 5% and wholesale above 7%. If you listened to Powell yesterday he beginning to hedge on his definition of how he definites inflation. In his speech he has moved from saying that inflation is transitory to I beleive it is transitory. As well, the Consumer Sentiment index is dropping.

I'm looking for the stock market to drop soon - perhaps next week - not sure but I beleive when the market does drop the reaction will be to have investors run to a safe haven which wil be the US dollar and precious metals.

A couple of things are going on - Bond investors will soon recognize that bonds are not a good investment and Bitcoin is due to go into a winter hiberation period. We will see more investors head to GOLD.
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