RE:WOW WOW WOW
Stellar! now that was a word used back before the recession of 2008/9 a lot to describe any drill result of 5gt au/eq over 40 meters and upwards.
Breaking down the latest 2.64 gt over 102 meters and the 1.10 gt over 517.5 meter results, this puts these 2 intercepts well over the standard of 5 gt over 40 m as has always been considered exceptional.
As indeed, most intercepts at Treaty Creek GS have been well over the industry standard of exceptional.
Even more exceptional is the fact the resource remains open in every direction including upwards.
On another note, there could be more downside looming in the market over the next few months as Fed-speak remains hawkish on raising interest rates further and for a longer time pushing a Fed pivot further ahead.
The more than questionable inflation fight the Fed is undertaking is taking a toll on the POG currently as investors cool off buying gold as an inflation hedge.
More than questionable as i say, as the masses are still convinced the Fed will cool inflation down.
Its a waiting game. The higher the Fed pushes rates, the deeper the real existing recession will become until the FED is left with no alternative but to pivot and reverse course to re-inflate the bubble economy.
Inflation fight be damned when that time comes and the government and the fed spend and monetize to breaking point national debt levels as if they aren't there already and inflation explodes to epic new highs.
This should translate to 2 fronts in a perfect storm in about a year from now.
With inflation spiralling out of control then and gold the most prefered of inflation hedges,
gold will be storming upwards.
Goldstorm with its premier connotations and a preliminary economic assesment will give the 3 amigos their long anticipated due along with it.
Just be mindful of the immediate rocky road ahead full of ups and downs before we get to the ultimate destination later next year.