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Bullboard - Stock Discussion Forum Heliostar Metals Ltd V.HSTR

Alternate Symbol(s):  HSTXF

Heliostar Metals Ltd. is a Canada-based junior mining company. The Company has a portfolio of high-grade gold projects in Mexico and Alaska. The Company is focused on developing the 100% owned Ana Paula Project in Guerrero, Mexico. Ana Paula gold mine is located in the Guerrero Gold Belt of southwestern Mexico, which is located approximately 15 kilometers (km) from Torex Gold’s El-Limon mine... see more

TSXV:HSTR - Post Discussion

Heliostar Metals Ltd > Gold to $1700
View:
Post by deepthinker63 on Sep 26, 2023 1:59pm

Gold to $1700

External dollar shortage forcing central banks to dump hard assets like gold.  Long term response is de-dollarzation, but that won't solve immediate issue.
Comment by Ungawatcher on Sep 26, 2023 2:13pm
Lots of dollars, however all the Central Bankers have been running their printing presses for too long, diluting the currency and making stuff too expensive. This exerbated more industrial consolidation, which generally means less liquidity for the ones that are living paycheck to paycheck.
Comment by Ungawatcher on Sep 26, 2023 2:24pm
Since 2021 when the U.S. became more dependant on very expensive over-seas crude and not as dependant on less expensive North American, not only has mototist lost purchasing power, those dollars aren't rotating as much in North America and rotating more freely over-seas.  When motorist cut back on their demand, overseas cartels cut production to maintain high prices.
Comment by deepthinker63 on Sep 26, 2023 3:18pm
The current dollar funding crisis isn't directly related to oil.  But, we do have a situation where US Treasury debt issuance is draining dollar liquidity and pushing up yields on treasury debt.  I believe this is a system-changing moment, which began awhile ago but really got going after the BRICS summit in S. Africa.  More and more trade and investment will be conducted in non ...more  
Comment by deepthinker63 on Sep 26, 2023 3:08pm
You don't understand.  Most of global trade and finance is dollar-based.  Foreign banks issue loans in dollars, even though they don't actually need to have large dollar reserves (Eurodollar system).  The Fed will help foreign central banks fund foreign commercial banks when those commercial banks are short of dollars via  so-called dollar swap lines.  But, those ...more  
Comment by Ungawatcher on Sep 26, 2023 3:47pm
Inflation has eaten up the excessive supply of money,  That money still exists, but less people have it, which means it was  I pretty much agree with your dollar analysis. However if crude were to drop to $50-$60 a barrel in North America that would have an enormous affect on all motorist and industry as it would create greater purchasing power. (and global liquidity) As for the price ...more