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Monarch Gold Corporation T.MQR

Monarch Gold Corp is a Canada-based exploration-stage company. It is engaged in the acquisition and exploration of gold mining properties. Its main activities are located in the province of Quebec, Canada. The corporation holds an interest in gold properties including the Beaufor Mine, Camflo Mill, Croinor Property, Beacon Mill, Wasamac, and McKenzie Break among others.


TSX:MQR - Post by User

Post by locomocoon Jul 21, 2020 10:06pm
220 Views
Post# 31299718

Wall Street Is Throwing Billions at Once-Shunned Gold Miners

Wall Street Is Throwing Billions at Once-Shunned Gold Miners

Gold up to $1860 during overseas trading as I type this. The gold rush has just begun. With more stimulus from Feds coming and lots of uncertainty, gold price will rise faster and higher than during 2009 to 2011. The catalysts are much larger now than in 2008 when the Great Recession was caused by a financial sector meltdown in the U.S.. This time economies around the world are affected. Another factor that will drive the exponential rise in gold stocks, IMO is retail investors jumping in because of FOMO - fear of missing out. 

 

The prospect of profits has already prompted hedge fund Crescat Capital LLC to launch its first activist-investing campaign in gold and other precious metals equities, with a focus on junior exploration companies.

“We really think the timing for gold mining stocks is just incredible right now, especially going down into the junior space, and all the way into the junior exploration side of things,” said Kevin Smith, the founder and chief investment officer of Crescat, which manages about $75 million in assets.

https://finance.yahoo.com/news/wall-street-throwing-billions-once-233147743.html

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