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Bullboard - Stock Discussion Forum 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... see more

GREY:LRTNF - Post Discussion

Red Lake Madsen Mine Ltd > Don't get hysterical here
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Post by mydogbone on Mar 07, 2022 9:19am

Don't get hysterical here

Bid/Ask is .80 and we're going to have a great start to this week. Stop focusing on the POG...It's tied to FOREX...the Euro is under some kind of pressure...I have another thought...Lets talk about INFLATION and the turningof it  into a HYBRID STAGFLATION in North America...Oil hits $150 we hit the recessionary wall...Recession plus Inflation is STAGFLATION..***Is a good environment for commodities...depending how long we're into it...Pure Gold Mining IS ALL CASHED UP TO  GO into STAGE FOUR (Lassonge CURVE)  Has a great management team and has a gorilla to keep this mining operation firing on all cylinders...
Comment by kirk15 on Mar 07, 2022 10:14am
there are all kinds of things that drive the POG, and it certainly has something to do with the health of PGM IF the company has begun to sort out its production woes. Forex is an expression of many things, certainly inflation and the resultant interest rate moves are drivers, but things like trade and capital flows that come from it provide direction too. Forex is in the mix for sure but is not a ...more  
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