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Pinnacle Silver & Gold Corp V.PINN

Alternate Symbol(s):  NRGOF

Pinnacle is currently focused on district-scale exploration for precious metals in the prolific Red Lake District of northwestern Ontario. The past-producing high-grade Argosy Gold Mine is open to depth, while the adjacent North Birch Project offers additional blue-sky potential. Pinnacle is also actively looking for other district-scale opportunities in the Americas, with a particular focus on silver and gold. With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long term, sustainable value for shareholders.


TSXV:PINN - Post by User

Comment by DouglasFir2on Jan 12, 2021 5:24am
106 Views
Post# 32273762

RE:Major Central Banks. Total Assets

RE:Major Central Banks. Total AssetsThe chart didn't reproduce. Since March 2020 the total assets of the major central banks has gone up by 42%!!, or about $8 trillion. If you plot the POG against total assets of the major central banks it's been steady at an index value of 150 for the last 5 years. If this holds, then we'd not expect a big upside to the current price of $1,860, but then support also. To see up or down movement, we'd have to see a revision of investor perception, which is probably due given the false "new paradigm" in the equity markets.  In 2006 the ratio was 77, so the leverage 2020 versus 2006 almost doubled. It was 120 in 2014.

Meanwhile I hope with anticipation we will see some drill results coming through shortly.  
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