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Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF

Novo Resources Corp. is engaged in evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. The Company explores and develops its prospective land package covering approximately 7,500 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia. The Company operates through two segments: care & maintenance operations and exploration operations.


TSX:NVO - Post by User

Comment by TXRogerson Sep 04, 2020 6:35pm
151 Views
Post# 31514428

RE:RE:RE:The "Fischer King" has Gold's back (as per plan).

RE:RE:RE:The "Fischer King" has Gold's back (as per plan).Something interesting for you, H.

Remember the Caracas Syndrome?  Well we are experiencing 1/2 of it.

Here is the Venezuelan stock market vs the DJIA:

https://www.goldbroker.com/media/image/cms/media/images/syndrome-caracas/DJIA-caracas.jpg
User image

The US DJIA actually outperformed the Venezuelan Index.  But it had one saving grace:  The US dollar and Reserve Currency.  In contrast, the Bolivar continued to fall apart.

https://i0.wp.com/inchcapital.com/wp-content/uploads/2018/02/venezuelan-bolivar-vs.-USD.png
User image

Fortunately, the US dollar is not the Bolivar.  Or all our stock portfolios in $US would be getting increasingly worthless.  However, the $US dollar is not GOLD.  And the warnings are already in full view.

https://www.indexologyblog.com/wp-content/uploads/2020/08/Ex1-3.png
User image

Central banks have chosen to continue to inject liquidities to support the markets and save the banks, until a total collapse of the value of the currency, Caracas style.
 
It all suits politicians, both in the US that will have an election in November and in Europe where leaders want to avoid the collapse of banks.  What seems to be taking shape for gold should logically be the same for silver.

Get the picture?  If you like cheeseburgers, beers, and a chalet on the lake .... then just wait. 

You'll be getting more of it with a stake in gold and the miners.

Tx

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