Nevada Copper Corp NEVDQ

Metals & Mining Copper

Nevada Copper Corp is a Canada-based mining company. The Company is engaged in the development, operation, and exploration of its copper project (the Project) at its Pumpkin Hollow Property (the Property) in Western Nevada, United States of America. Its two fully permitted projects include the high-grade Underground Mine and processing facility, which is undergoing a restart of operations, and a large-scale open pit PFS stage project. The Property is located in northwestern Nevada and consists of approximately 24,300 acres of contiguous mineral rights including approximately 10,800 acres of owned private land and leased patented claims. Pumpkin Hollow is located approximately 8 miles southeast of the small town of Yerington, Nevada in Lyon County, one- and one-half hours drive southeast of Reno. The Company’s wholly owned subsidiary is Nevada Copper, Inc.

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Nevada Copper Corp > JPMorgan sez BTC $ going into gold - maybe Cu too

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Post by bogfiton May 23, 2021 8:34am

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JPMorgan sez BTC $ going into gold - maybe Cu too

JPMorgan reports that big institutional players are leaving bitcoin for gold.

"The bitcoin flow picture continues to deteriorate and is pointing to continued retrenchment by institutional investors,"

The JPMorgan report follows the Bank of America fund manager's survey, which said that bitcoin's long positions looked like one of the most overcrowded trades. The survey polled 194 fund managers with $592 billion worth of AUM.

"'Long Bitcoin' is now the most crowded trade at 27%. Prior 'peaks' in crowded trades (tech Sep '20 & Sep '18, U.S. Treasuries Mar '20, U.S. dollar Jan '17 & Feb' 15) were associated with relative tops,"

Reversal of money flows: Big institutional players exit crypto and turn to gold, says JPMorgan | Kitco News

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