Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Santacruz Silver Mining Ltd V.SCZ

Alternate Symbol(s):  SZSMF

Santacruz Silver Mining Ltd. is a Canada-based company, which is engaged in the operation, acquisition, exploration and development of mineral properties in Latin America. The Bolivian operations are comprised of the Bolivar, Porco and the Caballo Blanco Group, which consists of the Tres Amigos, Reserva and Colquechaquita mines. The Soracaya exploration project and San Lucas ore sourcing and trading business are also in Bolivia. Bolivar Mine is located in the state of Oruro in Bolivia, and municipality of Antequera. Paved roads connect Bolivar to the capital city La Paz (298 kilometers), Oruro City (75 kilometers) and Poopo Rail Station (22 kilometers), which is the concentrate warehouse and dispatch. The Caballo Blanco project consists of three separate mines and one process plant operating as one to produce Zinc and Lead concentrates. The mine is 34 mining concessions covering an area of 5,139 hectares, including the highly prospective 337-hectare Santa Gorgonia 1 concession.


TSXV:SCZ - Post by User

Comment by Blazesbon Mar 28, 2021 4:22pm
78 Views
Post# 32895569

RE:From The Kereport

RE:From The KereportExcelsior on 'velocity' of money.  He has a unique ability to describe and bring to life the forces unleashed by central bank money creation.

On March 27, 2021 at 7:37 pm,
Excelsior says:
Good thoughts Doc. Yes, the Dollar has been in a stealth move higher since the beginning of the year from 89 to pushing 93 last week. Personally, I still believe the Dollar is in a larger downtrend, and that this move higher in the greenback has just been a dead-cat bounce, but the increasingly stronger dollar has pressured commodities like Oil, Copper, Nickel, Zinc, Platinum, Silver, etc… the last 2-3 weeks.
 
I’m not sure the powers that be want too strong of a dollar, or it will create havoc in emerging markets, will make our exports more expensive, and it would continue to pressure commodities in a deflationary sense, when the FED wants inflation, not deflation. Most currencies are still in a race to the bottom, but it just so happens that most of the other currencies have done worse than the dollar, so the buck has made new highs against most other currencies lately as result. It’s a case where the Dollar is the prettiest cow in the slaughterhouse.
 
It seems likely that if the Dollar can work it’s way up to to 94-95, that it would roll over there and then begin it’s next decline down to test the lows at 88-89, and then break lower. If that plays out then it would boost commodity prices, and when paired with rising wages in the reopening trade, it would lead to cost-push inflation.
 
Inflation is already picking up, and the market senses this, but it is measured and still somewhat subdued. As you mentioned, the Velocity of money is finally starting to pick up, because the stimulus, unlike prior QE, is going directly to small businesses and private citizens, and these trillions of dollars are getting spent and used, and will end up resulting in higher inflation as the years progresses. If they pass another few Trillion dollar stimulus package for infrastructure buildout, then that will also increase the velocity of money and underpin even more inflation heading into next year.
 
<< Previous
Bullboard Posts
Next >>