RE:The Fed On LaMancha fund
just a vehicle to hold his EDV position ( just under 20% of the Co )
no indication that he will increase it.
but the fund will bring new attention to gold equities as an investment vehicle. He is forward thinking ( also investing in electric vehicle battery resources. )
also stated "It will look into junior miners and encourage further consolidation through mergers and acquisitions."
I don't think Endeavour will be able to resist the temptation to look at further takeovers in the future. There are many targets for further consolidation especially in west Africa. They will need to feed the new Rangold beast
they wanted Centamin, but couldn't strike a deal. Orezone is shaping up to be a natural target. Many more possibilities on the horizon.
On the Fed
Im sure the Fed is exceedingly worried that inflation will not be transitory
government and companies are running out of tricks to try to hide it, downplay it, divert attention from it...
there is only one tool to fight it , and they cannot use it
Got gold?
MM