Post by
nozzpack on Mar 06, 2024 8:31am
US Banking Report Tommorow
It is expected to disclosure significant issues which threatens banking solvency of many banks.
QE in one form or another may be the outcome .
A rapid increase in the POG May be the other.
There will be strong demand to find open pit opportunities, which represent the cheapest and most cost efficient sources of gold mining.
As POG increases, there will shortly be a stampede to acquire such open pit properties as there have been extended years will little investment for many of these.
We are very well positioned in this regard, holding some of the best remaining open pit gold deposits remaining in the Murchison gold district .
Even better, we are very well funded such that we can wait for the best development offer.
And we have excellent bait in the form of our ODY JV..
Comment by
nozzpack on Mar 07, 2024 2:10pm
There are clearly liquidity problems with some major US banks . How serious is not yet clear but Powell is seeking much higher reserves. In the mean time, POG continues to slowly move upward, currently at $2165..