RE:RE:RE:Gold price sees 1% gain as Fed's Powell talks policy.....megacopper wrote:
Global1966 wrote: Inflation is running hot and all Powell does is talk. He is hoping the markets will adjust on their own. He can't afford to raise rates. A 2% rate rise won't do anything for an economy running an inflation rate of 7%
Yep I agree. The Fed is caught between a rock and a hard place. It was a disappointing day for NFG's share price. Gold had a great day but NFG was down. Most gold juniors were up. NFG has a mind of its own.
Agree with your points. However Global says the inflation rate is 7%. That number is highly debatable and likely much much higher. There are a lot of ways of calculating that number and many have said it has been bogus for years. Some say if you calculate the inflation rate using the metrics as in the 1970's the current inflation rate would be about 13%. The one thing for sure is they are lying about what the real inflaiton rate is. Is the purpose to inflate the value of real assets so the debt levels of governments doesn't look so bad. They are all broke.
NFG needs to have the assay matter resolved with a tangible PR at some point when the company is at that stage. I think later this month with test results. So the gold price is not the issue. I posted before NFG was trading at $13 when the gold price was just where it is now. Once that is done, I expect them to then come up with some outstanding PR's of assay results which have been pending (i.e. the 32K metres or so of o/s assays).
BC