Michael Oliver TakeawaysThanks Stockin Up for providing this link.
I took a few notes and will provide some key takeaways from it.
One of the key items mentioned in the Podcast is a small number of gold explorers that are currently active in drilling, which are benchmarks for ORX in some way.
Maple Gold (MGM) which is almost due east of some ORX properties on the Quebec side has just had a major infusion of cash from Agnieco Eagle. It is currently trading at about .23.
True, it's not likely Stephen's style to become partners with a big player such as Agnieco Eagle, (he would rather sell it out right), it is a way of financing without having to go to the markets for cash on a regular basis.
Fosterville South, although located in Australia could be a benchmark if a good hole is drilled to see what kind of increase could transpire. Kirkland Lake Gold owns a lot of it.
A number of bullish events could propel the price of gold going forward (if markets were allowed to behave properly is my own personal footnote), among these are signs of inflation in the commodity markets (namely the Bloomberg Commodity Index) (BCOM) which is a very broad make up of commodities from agriculture to metals, to energy. Key financial institutions are known to purchase more precious metals if they believe inflation is on the horizon.
A Biden election win could see a national U.S sales tax on precious metals, and which could provide more interest in the sector, since the government would be admitting precious metals to be a form of taboo that needs to be curbed by the public such as alcohol or cigarettes. (My take on it).
Michael Oliver sees $2700 gold, and $30 silver not that far off, with silver eventually breaking through $50, towards $100 after that.
Keep in mind, only one percent to two percent of investors actually holds any physical silver or gold, and the physical market is quite tight.
I need to add some of my own knowledge and comments to this podcast.
Some economists believe gold and silver to have characteristics of Giffen goods, meaning as price goes up, demand also goes up. (Ever hear of gold fever?...) that means more demand and higher and higher prices, and with it, i believe eventually higher quality junior players like ORX should eventually benefit.
Hopefully we will start to see some drilling results in the next month, but every once in awhile, one needs to be reminded why they are invested in ORX.
Thanks again Stockinup for providing the link to this podcast.