Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Mar 16, 2023 6:20pm
177 Views
Post# 35343763

It's all about the DEBT

It's all about the DEBT'Clash coming': Worst-case scenario for gold in this supercycle is to double, Wells Fargo is watching $3,000 | Kitco News

My Comment:  The next financial crisis will be the debt implosion.  Debt has been built up over 35 years due to loose Fed policies.  Watch the national debt explode higher in the next recession.  I'm expecting it to reach $40Trillion by 2026.

Excerpts:

"It's now undervalued," LaForge said. "If we look at the main driver of gold outside the supercycle, it is debt levels. Gold is the safe trade in a world where governments will have to figure out how to pay the debt back at a time when interest rates are rising."

Based on historical analysis of commodity supercycles, gold will at least double, and Wells Fargo is looking at the $3,000 target.

 
<< Previous
Bullboard Posts
Next >>