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Sokoman Minerals Corp V.SIC

Alternate Symbol(s):  SICNF

Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland and Labrador, Canada. Its projects include Moosehead Gold, Fleur de Lys, Grey River Gold, Kepenkeck Gold, Killick Lithium, Crippleback Lake Gold, Startrek and Iron Horse. Moosehead Gold property includes 98 claims totaling 2,450 hectares adjacent to the Trans-Canada Highway in central Newfoundland. Fleur de Lys project of 1,891 claims on the Baie Verte Peninsula of NW. Grey River property in southern Newfoundland includes 324 claims in seven licenses, centered on the community of Grey River. Kepenkeck gold project, located in central Newfoundland. Killick Lithium Project is in southwestern Newfoundland. Crippleback Lake Gold Project is in proximity to the Trans-Canada Highway in north-central Newfoundland. Startrek Property is located 20 kilometers (km) east of the town of Gander, Newfoundland and Labrador, Canada. Iron Horse project is located over 120 km northeast of Labrador City, Labrador.


TSXV:SIC - Post by User

Post by likeikeon Jun 19, 2021 6:48pm
300 Views
Post# 33417249

puke

puke

The bottom line is this week's Fed-sparked gold-futures purge was ridiculous and unsustainable. The FOMC didn't warn about QE tapering or imminent rate hikes, maintaining its $120b of monthly bond monetizations and ZIRP indefinitely. Instead just a third of top Fed officials said they expected slightly-higher federal-funds-rate levels way out in 2023! And the Fed chair warned to take dots "with a big grain of salt."

The dot plot is not official, it is not a forecast, and has proven notoriously inaccurate at predicting future FOMC moves. Futures speculators, both on the US-dollar and gold sides, should know better. And that hawkish-dots gold-futures puking erupted from already-low spec-longs levels, so it should quickly exhaust itself. That brutal purge left gold far more bullish, leaving gold-futures traders big room for mean-reversion buying.

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Jun 18, 2021
Adam Hamilton, CPA

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