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Providence Gold Mines Inc V.PHD

Alternate Symbol(s):  PRRVF

Providence Gold Mines Inc. is a Canada-based mineral exploration company. The Company is engaged in the process of exploring and evaluating its mineral property located in California, United States. It owns 100% interest in Tuolumne Property. The Company’s gold mines consist of seven patented stake mineral claims and 22 located claims, encompassing an area of approximately 324 acres, which includes Bonita, Consuelo, FairPlay, Good Enough, McCarthy, Mexican, and Providence. The Providence Group of Mines is located in the Summerville Mining District, Tuolumne County, California, upon the eastern belt of the Mother Lode District. Its subsidiary is Providence Gold Mines (US) Inc.


TSXV:PHD - Post by User

Post by DaveTORon Apr 06, 2021 1:29pm
40 Views
Post# 32942438

gold price

gold price
 If you had the feeling that the golf price was bad, then this is not autumn at all. In the long term, the trend is intact. A corrective move and the green raised trendline at USD 1,680 have just been removed. That pullback was in response to the same price increase from $ 1,200 to $ 2,000. As it is on the stock exchanges. Especially when those who think that this is much deeper now and turn away, then the price should be heard. A new wave of purchases will begin in new contracts, which will then push the price back towards the all-time high. The price driver will be the enormous indebtedness of the states, which are in debt even more in the context of the corona crisis than before the autumn war crisis. As if by magic, one stimulation measure after the other person, without anyone asking, the money comes (learn more). The US has just launched a $ 1.9 trillion stimulus package, and planning for the future package has already begun. The volume is said to be 2-3 trillion USD. As a result, there is a fear of inflation. More and more people show themselves because the hard-earned money and a purchasing power are perceived as the savings melt away. The more fresh money becomes, the value of political appearances belongs. For the states, inflation is welcome, because it is the weaknesses in the system for a while and the debt level is smaller in relation to economic output. An investment in gold helps against currency depreciation because it can compensate for the depreciation of paper money. 1 ounce of gold remains 1 ounce, at the same time paper money owners have to raise more and more of it. The price belongs. A look at the diagram now shows the following picture. As long as the green right trend line in the middle can be seen, increasing relationships can be assumed. The past is quoted as 2,200 USD. Even the latest all-time high will not be the end of the gold price right.
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