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Bullboard - Stock Discussion Forum Victoria Gold Corp T.VGCX

Alternate Symbol(s):  VITFF

Victoria Gold Corp. is a Canada-based gold mining company. The Company is engaged in the operation, exploration and acquisition of mineral properties. Its flagship asset is its 100% owned Dublin Gulch property, which includes the Eagle Gold Deposit, the Olive Deposit, Raven Gold Deposit, the Wolf Tungsten Deposit, the Potato Hills Trend, including the Nugget, Lynx, Popeye, Rex-Peso, East Potato... see more

TSX:VGCX - Post Discussion

Victoria Gold Corp > What effect will crashing gold prices have
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Post by slamdunk on Jun 20, 2021 9:07am

What effect will crashing gold prices have

The FED was brilliant in its tactics with respect to inflation.Simply put they gave a two year time frame and two rate rises in same year .that and the fact they see inflation as transitory.This scared the one sided bullish trade causing a cascade meltdown and supported the US dollar the cleanest shity in the dirty laundary. currency basket.
There are questions now about has gold rally ended.Enough questions and this drop may continue and do some serious chart damage.The head of FED was once asked what they should have done differently =he simply stated not lose control of gold.The huge paper positions,the proliiferation of ETF's all to drain money from physical,,Currency 's are manipulated why not gold?.The offshoring ETP's settlements in England and Fed sponsered Bullion Banks that never lose..
The buzz phrase inspired by Hunt debacle "DONT FIGHT THE FED
 And the" No New Margin" buying in silver this collapsed the inflationary commodities market. ending inflationary cycle.The number of lock limit down days sent traders to selling anything with a profit.the carnage was spectacular..People lost everything unable to get out. of silver
Any really goo chartists on this Board  that have an assement of any long term damage to charts.
Comment by Human7 on Jun 20, 2021 5:55pm
Slamdunk, I think the macro picture is indeed quite interesting and is a wild card on timing and price of the victoria sale. You've got some pundits calling for a 2021 rise in the price of gold and some calling for a retreat to a new base.  I'm starting to think it's just going to play in a range for some time, and then go higher, unless gold investing goes mainstream and ...more  
Comment by OCB1234 on Jun 20, 2021 6:11pm
This post has been removed in accordance with Community Policy
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