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Bullboard - Stock Discussion Forum Maritime Resources Corp V.MAE

Alternate Symbol(s):  MRTMF

Metals & Mining Gold
Maritime Resources Corp. is a Canada-based gold exploration and development company. The Company is focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador, a top tier global mining jurisdiction. The Company holds a 100% interest directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property, which... see more

TSXV:MAE - Post Discussion

Maritime Resources Corp > QE begins in March not by rate cuts but banking crisis
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Post by nozzpack on Feb 07, 2024 4:38pm

QE begins in March not by rate cuts but banking crisis

Powell has already admitted that there are more bank failures on the way in the US.

Liquidity support for banks ends on March 11 which means that the weaker banks suffering from massive losses from their 1% USTs will fail.

Rather than cut rates, QE will begin in the form of banks recurving federal funds in order to stay afloat.

The effect on POG will be the same...positive 

https://www.kitco.com/news/article/2024-02-05/fed-could-still-pivot-march-it-wont-be-through-rate-cuts-nomi-prins-warns
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Maritime Resources Corp