Aurcana Silver - Interesting and worth to keep an eye on it.Good morning.
From my point of view an interesting silver producing company. The share price is correlating with the silver price and silver -like gold and other commodities- will climb higher due to the manifestation of higher inflation rates and the monetization of government debt.
The governemnt debt of the USA is nearly 30 billion (30,000,000,000,000) US-$ and the latest data on total interest spent for this debt was after the high of 2019 the highest ever (!).
Debt to the Penny | U.S. Treasury Fiscal Data And this even with the low average interest rates of under 2 %. Imagine how they would finance the debt burden with higher rates ? The interest expense would explode and destroy the budget. Think about.
Government - Interest Expense on the Debt Outstanding (treasurydirect.gov)
Government - January (treasurydirect.gov) Fear about rising interest rates ? I personally have no fear, because any interest hike can only be cosmetical because the debt as a whole would become unfinanciable, if they really would hike the interest rates to a level which would be dangerous for the economy.
They are catched in the debt trap. Think about again :o)
Think about. A good gold and silver producer, which has only a small amount of their production hedged is a good chance to participate on higher gold and silver prices.
It is worth to keep an eye on the development of Aurcana Silver.
Have a nice day and a good time.
Cheers.