STLLR Gold Inc T.STLR

Alternate Symbol(s): STLRF

Metals & Mining Gold

STLLR Gold Inc., formerly Moneta Gold Inc., is a Canadian gold development company. The Company advances in two gold projects, namely Tower Gold Project in the Timmins Mining Camp in Ontario and the Colomac Gold Project located north of Yellowknife, Northwest Territories. Its Tower Gold Project is located approximately 100 kilometers (km) east of Timmins and hosts a total indicated resource of approximately 4.46 million ounces (Moz) contained gold and a total inferred resource of 8.29 Moz contained gold. The Tower Gold Project hosts nine gold deposits along a nine km long mineralized corridor. The Colomac Gold Project is an open-pit gold project in the Northwest Territories, Canada, 200 km north of the capital city and mining hub Yellowknife. The Colomac Gold Project represents a series of high-grade open pit gold deposits, and gold mineralization remains open on all directions.

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STLLR Gold Inc > Gold continues breaking out....

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Post by tony1969on Apr 11, 2024 4:40pm

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Post# 35984214

Gold continues breaking out....

 					April spot gold is at $2372 US up $40. June spot is at $2387 US up $39. I keep thinking about why gold has ripped higher NOW when it should have been doing this years ago. Why have the powers that be let it rip? Have they bought enough? Is there something on the horizon besides the eventual falling US rates and a falling USD that the metal sees coming? Is it the $34.65 trillion and counting US debt that the US has ZERO way of paying back? Has the world finally realized this? https://www.usdebtclock.org/ "Federal spending on interest payments is forecast to hit $870 billion this year — exceeding the $822 billion that the nation will spend on defense in 2024, according to a recent analysis by the Congressional Budget Office. This year's outlay for interest payments represents a 32% increase from last year's $659 billion in interest expense." Yes, we will pay more for interest on our debt than we will spend on defense here in the good old US of A. That is a crazy FACT! I am not complaining about the rise in the price of gold one bit. I wish it was $5k US per ounce. I just find it strange (as compared to the past) how fast it has risen. Perhaps it is just catching up to where it should be compared to other assets. GOD knows that they have managed to suppress it enough through the years. Now it is finally getting the recognition it has always deserved. A recognition that has withstood the test of time like no other asset ever has. But why now compared to other similar economic times? As I smile and shake my head....