Red Lake Madsen Mine Ltd LRTNF

The Greed Factor

[tdsb]

Gold has closed in what I call "The Greed Factor", zone. Greed is pushing fear to the sidelines, what would you rather see than greed, if you are an investor in precious metal equities.

[Welchspring]

Well, 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

[CanadianAnimal]

I have done a fair bit of reading and there is one thing (lots of things) that I dont understand. If the Fed raises rates why do bond rates go down? Im talking about Treasury bonds. I know they are different than savings bonds. But still they should sort of work the same in the interest rate yes/no?

[CFP2002]

I'm not an expert but i'll take a crack at it: the bonds were bought in the past at a fixed interest rate. If they raise current interest rates ( the yield of new bonds ) then the older bonds at a lower fixed interest are less valuable. The bonds do not have a variable rate: once i buy one, it is fixed. Why put your $$ in an old bond that is yielding 1.25% when you can get 1.35% on a new

[CanadianAnimal]

So when you buy a 10 year bond in Canada its untouchable for 10 years. If you buy a 10 year treasury bond in the US at 1.25% and a month later the rate on a 10 year goes to 1.4% can you cash that out and re-buy at 1.4%. ? Thankyou CFP2002

[SkyeCairns]

What makes you think the CAD is untouchable? Yeah you can sell the 1.25% at a loss cause who wants a 1.25% bond if the market rate is 1.4%.

[Scanner454]

the asks are getting bigger as people are seemingly giving up on this stock and one might ask "who blames them"

[CanadianAnimal]

I thought in Canada you had to wait for the maturity date before you can cash it. If not there is a penalty.

[Megamister]

Right on... North America in general is in a mess right now. Drought & fires up and down on the North American west coast. Floods in Tenessee,& Carolinas, etc. Huricane Ida to hit the greater New Orleans area today with speculation that it may be a repeat of Katrina some 16 years ago.. if so,what a mess that will be. Factor in the Covid (Delta) variant's ongoing impact on health care