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Snowline Gold Corp V.SGD

Alternate Symbol(s):  SNWGF

Snowline Gold Corp. is a Canada-based gold exploration company. The Company operates an eight-project portfolio covering approximately 333,000 hectares (ha). The Company is engaged in exploring its flagship project consisting of approximately 94,000 ha Rogue and Einarson gold projects in the highly prospective, underexplored Selwyn Basin. The Company’s project portfolio includes Einarson, Rogue, Tosh, Cliff, Rainbow, Cynthia, and Ursa claims. The Einarson property consists of two main claim blocks and several outlying claim groups covering a combined 61,690 hectares. The Rogue Property comprises 442 mineral claims covering 11,227 hectares. The Cliff Property covers approximately 2,724 hectares. The Tosh Property covers approximately 3,700 hectares and is located 20 kilometers (km) from the paved, all-season Alaska Highway. The Rainbow Property covers approximately 1,225 ha. The Cynthia Property covers approximately 1,399 hectares. The Ursa claims covers approximately 7,755 hectares.


TSXV:SGD - Post by User

Post by megacopperon Jan 19, 2023 4:37am
293 Views
Post# 35232456

Will the Fed rain on our parade yet again

Will the Fed rain on our parade yet again

This is why gold stocks sold off the last few days. There seems to be some questioning within the Fed about how high the rates should go. The Fed left the rates too low for too long because they said inflation was just transitory and look how that worked out, A total mess.


Now they will most likely leave rates too high for too long crashing the economy causing economic chaos. They never get it right. I'm not sure they realize there is a lag time of 6 months to a year after making these rate hikes for it to filter down through the economy. It doesn't happen overnight. Anyways the Fed could rain on our parade yet again.

 


 

Gold trades lower as Fed’s Bullard advocates front-loading rate hikes

Commentaries & Views

“Front-loading” is a process of distributing unevenly, with a greater proportion at the beginning of the process, and James Bullard thinks this should apply to rate hikes.

In an interview with the Wall Street Journal James Bullard, President of the St. Louis Federal Reserve said that the “Federal Reserve should not stall” on raising its rates. He said that he likes the idea of “front-loading” rate hikes saying that “the Federal Reserve should move as rapidly as it can to get its policy rate over 5% and then it can react to the data”, adding “Why not go to where we’re supposed to go. Why stall? James Bullard is not a voting member of the Fed’s interest rate committee this year. 

His sentiment is also echoed by Loretta Mester, President of the Cleveland Federal Reserve who is advocating that the Fed needs to raise its interest rate a “little bit” higher than the Fed’s current target of 5% to 5 ¼%. In an interview with the Associated Press today she said, "I just think we need to keep going, and we'll discuss at the meeting how much to do”. 

Currently, analysts and market participants are anticipating that the Fed will raise rates by ¼% at the next FOMC meeting. This is in alignment with the CME’s FedWatch Tool which is forecasting a 93.3% probability of a 25-bps rate hike, and a 6.7% probability of a 50-bps rate hike by the Fed at their next meeting. 

The mixed messages sent by Federal Reserve officials have raised concerns that the Federal Reserve will backpedal the idea of slowing down the pace of interest-rate hikes. 

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Wishing you as always, good trading, 

By Gary Wagner

Contributing to  kitco.com


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