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Condor Resources Inc V.CN

Alternate Symbol(s):  CNRIF

Condor Resources Inc. is a precious and base metals exploration company focused on its portfolio of projects in Peru. The Company’s flagship Pucamayo project is located 185 km southeast of Lima and covers an area of approximately 85 square kilometers (km2). Its other project includes Chavin, Soledad, Quriurqu, Huinac Punta, Humaya, Andrea, San Martin, Quilisane, Rio Bravo and Cobreorco. The Chavin property covers an area of over 14 km2 within the central Andes mineral belt in northern Peru and is host to a polymetallic vein system. The Company’s Soledad property is located in the Cordillera Negra metallogenic province in the central Peruvian Andes. The Quriurqu property is located in the Department of Ancash, northern Peru approximately 10 km south of the Soledad project. The Huinac Punta is about 65 km south-east of the Antamina mine. The Andrea project is located in the south-central Andes, at elevations ranging from 4100 to 4600 m, approximately 480 km south-east of Lima.


TSXV:CN - Post by User

Post by Crashcomingsoonon Feb 06, 2023 2:28pm
155 Views
Post# 35269855

The Fed cannot control inflation

The Fed cannot control inflationThere is little the Fed can do to bring down inflation and that will be good for gold - MarketGauge's Mish Schneider | Kitco News


My Comment:  Additionally, the Fed does not control inflation because it does not contol climate change or government spending.  The Fed is also limited in how much it can raise rates due to the huge debt

Excerpt:

While it has been 40 years since consumers have seen inflation this high, Schneider noted that what makes the current environment different from the 1970s and 1980s is that inflation has become a global problem. It has become much bigger than the Federal Reserve and its monetary policies can handle, she added.

The downtrend in globalization, China's reopening, ongoing geopolitical conflicts, and sovereign debt issues are just a few sparks that will limit what the Federal Reserve can do with the tools it has.

"The classic formula of Fed raises rates, and it breaks the back of inflation, that just won't work anymore. The risk is that the Fed will lose control," she said. "We are watching several sparks that could take inflation and gold to a place where it will catch many people off guard."

Looking at gold prices, Schneider said that she can see the precious metal pushing to $2,000 an ounce this year and potentially reaching $5,000 an ounce in the next couple of years as the world sees a prolonged period of stagflation, an environment of low growth and high inflation.

However, Schneider said that because so many pension plans are heavily invested in bonds, and government debt is so high, the Federal Reserve is limited in what it can do. Long-term, Schneider said that the U.S. central bank probably has room to push the Fed Funds rate to 5%.

While current prices present a good entry point, Schneider said that investors could also look to buy the break out at $2,000 an ounce. She noted that a break of that level would probably lead to a significant push to $3,000.

"I think you should always have a core position in gold and actively trade around it. Gold is a real hard asset and globally has value when nothing else does," she said.


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