New Found Gold Corp V.NFG

chairman

[likeike]

CEO.CA Presents the Chairman's Briefing - Jul. 14, 2022

“Gold mines were found by guys like Placer and Noranda, not by some raggedy-*ss VSE promotion.”

-Frank Keane, Author

In Partnership with

                                      

 

TSXV:SPOT, OTCQX:SPOFF
 

Presents “The Data Miners.” Discover how a group of geoscience students took an innovative idea & evolved it into the most disruptive technology in mineral exploration. Please click here to watch.

Metals/Crypto Prices

 

	Gold	1,731.10	0.39%
	Silver	19.12	1.33%
	Copper	3.31	1.75%
	CAD/USD	0.7708	0.34%
	Bitcoin	19,661.58	1.07%
	Ethereum	1,077.37	3.21%

*Metal and cryptocurrency data as of 4:00pm ET yesterday. 

News

Pilfering our Purchasing Power

While the US Dollar continues its relentless push to higher ground, accelerating a trajectory not seen in over two decades...



... Gold teeters after taking out major support, threatening to break down further.



But with so many (conflicting) broader themes at work in the global markets, timing the swings - the reversals in trend - is a mug's game (up is down, black is white, good is bad, day is night).

Don't count on the bottom falling out here.

The popular thinking is that gold will only make a decisive push higher when the Fed blinks - when Jerome Hayden Powell telegraphs a shift in Fed policy. That is, dropping the Rambo routine towards the inflationary spiral that's pilfering our purchasing power. Some believe the Fed will blink as early as July 27 - Federal Open Market Committee Meeting Schedule.

Regarding the Fed's bully tactics, ARK Invest's Cathie Wood:

"We believe the Fed has been making a mistake, a policy mistake … We are getting all kinds of catalysts ... which should give the Fed a pause. If not pause, it should cause an entire pivot and reversal in policy. They are making a mistake. The markets are telling us they are making a mistake. I think something will break that matters to them if they keep following the lagging indicator called the CPI.