Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Victoria Gold Corp VITFF

Victoria Gold Corp. is a gold mining company. The Company’s flagship asset is its 100% owned Dublin Gulch property, which hosts the Eagle, Olive and Raven gold deposits along with numerous targets along the Potato Hills Trend including Nugget, Lynx and Rex Peso. Dublin Gulch is situated in the central Yukon, Canada, approximately 375 kilometers (km) north of the capital city of Whitehorse. The property covers an area of approximately 555 square kilometers and is the site of the Company's Eagle and Olive Gold Deposits. It also holds a suite of other development and exploration properties in the Yukon, including Brewery Creek, Clear Creek, Gold Dome and Grew Creek. The Eagle West target area lies as close as 500 meters northwest of the main Eagle Gold Deposit and hosts the exposures of the granodiorite. The Raven target is located at the contact zone at the extreme southeastern portion of the Nugget Stock. The Brewery Creek Project is a past producing heap leach gold mining operation.


GREY:VITFF - Post by User

Comment by Human7on Jun 20, 2021 5:55pm
116 Views
Post# 33418370

RE:What effect will crashing gold prices have

RE:What effect will crashing gold prices have

Slamdunk, I think the macro picture is indeed quite interesting and is a wild card on timing and price of the victoria sale.

You've got some pundits calling for a 2021 rise in the price of gold and some calling for a retreat to a new base. 

I'm starting to think it's just going to play in a range for some time, and then go higher, unless gold investing goes mainstream and then it goes really higher, which could happen at any moment, or never.

On the one side you have the G7 wanting to maintain fiat currency respectability and push the price down and then you've got Russia, China, etc trying to move away from the US dollar and building gold reserves to support international trade outside the dollar.

People talk about the dollar losing reserve currency status as if this is a singular event. It's a gradual thing, as is evidenced by the steady increase in trade outside the dollar that has happened over many years. Therefore I lean towards thinking it will continue its gradual decline in value and importance despite knee jerk moves up.

I don't think the gold rally has ended. Maybe a short pullback. 

Don't fight the Fed for me, is like we're already going thorugh that with gold. It should be higher than it is. And it's not just the Fed but the investment companies/advisors. They've done well with the way things have been for decades.

Seems to me gold is holding up well despite the headwinds and I don't see any major chart damage, while there is the potential for big upside if the gold bugs are right. But hey, I could be wrong, it feels like there are so many factors in play.

<< Previous
Bullboard Posts
Next >>