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I-80 Gold Corp T.IAU

Alternate Symbol(s):  IAUX | T.IAU.WT

i-80 Gold Corp. is a mining company. The Company is a gold and silver producer engaged in the exploration, development and production of gold, silver mineral and poly-metallic deposits. Its operations include Lone Tree, Ruby Hill, Granite Creek and McCoy-Cove. The Company owns a 100% interest in the Lone Tree and Buffalo Mountain gold deposits and Lone Tree processing complex (collectively, the Lone Tree Project). The total land package of the Lone Tree property consists of approximately 12,000 acres. The Ruby Hill Project is an advanced-stage development project with residual heap leach production, located within the Battle Mountain-Eureka Trend. It owns a 100% interest in the Granite Creek gold project located at the intersection of the Getchell gold belt and the Battle Mountain-Eureka Trend in Humboldt County, Nevada. It owns a 100% interest in the McCoy-Cove project. It holds a 100% interest in the FAD project located along the Battle Mountain-Eureka Trend in Eureka County, Nevada.


TSX:IAU - Post by User

Post by AlwaysLong683on Mar 03, 2023 3:58am
284 Views
Post# 35316774

Here's My Very Simple View

Here's My Very Simple ViewMentioned this before, but as long as the FED keeps raising interest rates, the USD will remain strong vs. other countries' currencies as US fixed income securities with a higher and higher rate of interest paid in USD will become more and more attractive to both American and international investors vs. gold bullion or those gold stocks that pay zero in dividends. Add to this an inverted yield curve in which shorter term T-Bills actually pay higher interest rates than longer-duration ones, and Cash Is King with an even more valuable crown on its head IMO.

Thus, I believe as long as the USD remains strong, the price of gold will not rise to any signficiant degree and hold those gains.

Anyone think the FED is finished raising the Fed Funds Rate......? The BOC has indicated it's likely to put the BOC Rate on "pause" for now, but it's the FED that calls the shots re. the price of gold as the USD is considered the world's reserve currency, and as long as it remains strong, people will in all likelihood want to be in USD savings / fixed income instruments earning interest in USD instead of gold or gold securities.

I think the FED has at least two or three more 25 bps interest rate increases to announce over the next number of months, and it can take up to one year for any given increase to filter its way thoughout the entire economy, which means that even many of the past interest rate increases over the last year still haven't had their full effect on the economy yet (both in Canada and the USA), never mind any further increases over the next few months by the FED.

That's it. You may now go back to looking a charts, hunches, day trading, past financial crashes or shocks. etc. etc. to try and read the tea leaves.


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