RE:Help me understand...Agreed this one has been tough to watch...my trade finger has been itching but a macro view says hold tight:
- Biden will continue to devalue the US Dollar with further stimulus
- Interest rates (real and nominal) will have to be kept low otherwise the small business sector will collapse
- Inflation cannot be hidden any longer (anyone been to the grocery store recently?) as the basket of goods used to measure the index doesn't reflect reality
- Junior miners are oversold (quoting Rick Rule here)
- Barrick is currently trading sub $30 and is projected to announce boatloads of cash on Feb 18th - the sector has been beaten down...time for a rebound
- The resource by all (most?) accounts is world class
- As far as miners go, the proximity to Kinross with the advantages of a paved road, electricity, city nearby is something most miners, let alone juniors can't say
- Investment will shift out of Crypto (looks like the bubble has burst) back into precious metals
If anything this is a time to buy...if you are in a loss position maybe consider averaging down.
I would love to hear from that Brad guy at Ahead of the Herd for his perspective on the latest drill results. FVL didn't go to $1.94 on pure speculation - there is a ton of value here.