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Calibre Mining Corp T.CXB

Alternate Symbol(s):  CXBMF

Metals & Mining Gold
Calibre Mining Corp. is a Canadian mid-tier gold producer. The Company has a pipeline of development and exploration opportunities across Newfoundland and Labrador in Canada, Nevada and Washington in the United States, and Nicaragua. It owns several operational open-pit and underground mines, two milling facilities (the El Limon and La Libertad mines), and a portfolio of exploration and development opportunities in Nicaragua, Central America. In addition to its mining operations in Nicaragua, it also engaged in the exploration and development of several concessions at its 100%-owned Eastern Borosi Gold-Silver Project (EBP), which includes the Eastern Borosi Mines (EBM). It holds a 100% interest in Fiore’s Pan Mine, a producing heap leach gold operation. It owns the adjacent advanced-stage Gold Rock Project and, the past producing Illipah Gold Project in Nevada, as well as the Golden Eagle project. It also owns the advanced-stage Valentine Gold Project in Newfoundland and Labrador.


TSX:CXB - Post by User

Calibre Mining Corp > The trend is our friend
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Comment by Benedictuson Jan 29, 2024 9:23am
106 Views
Post# 35850075

RE:RE:RE:RE:The trend is our friend

RE:RE:RE:RE:The trend is our friend
geezer21 wrote:
Yes the flag appears to be a pause in an up trend.

However, since the begining of 2022 the gold price no longer appears inversely correlated to the real interest rate:

https://en.macromicro.me/collections/45/mm-gold-price/724/3month-bond-real-yield-gold-price

Also, since the dollar index began rising in the summer of 2021 gold maintained elevated prices.

https://en.macromicro.me/collections/45/mm-gold-price/592/us-usd-dollar-gold-price

Now that gold is a tier one asset it competes along with tresuries and the dollar as a safe haven store of value.

It appears that the spot price in physical gold is having more influence on the price of gold.


Yes, gold has certainly traded inverse to expectations in a rising rate environment but the inverse correlation to the USD is readily apparent and likely to play out if the USD launches from that flag.

https://www.barchart.com/futures/quotes/GCJ24/interactive-chart
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