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Independence Gold Corp V.IGO

Alternate Symbol(s):  IEGCF

Independence Gold Corp. is a Canada-based mineral exploration company with holdings ranging from early-stage grassroots exploration to advanced-stage resource expansion in British Columbia and Yukon. The Company's projects include 3Ts Project, Boulevard Project, and Moosehorn Project. The 3TS project is located approximately 185 kilometers (km) southwest of Prince George, British Columbia and situated 16 km southwest of Artemis Gold Inc.'s Blackwater Project. The 3TS project consists of approximately 8,840 hectares and 17 claims. The 3Ts Project is comprised of the Tsacha, Taken, Tam, Tommy, Bot and Blackwater South properties. The Boulevard project is located approximately 135 km south of Dawson City, 35 km south of the Golden Saddle Project. The Boulevard project consists of approximately 19,960 hectares and 958 claims. The Moosehorn project is located approximately 133 km southwest of Dawson City. The Moosehorn project consists of approximately 1,720 hectares and 82 claims.


TSXV:IGO - Post by User

Post by ErinBrockovichon Sep 10, 2024 5:17pm
101 Views
Post# 36217474

Recession?

Recession? Not my first rodeo, pony boy. Stay golden. Recovery can be very fast or slow. It's unpredictable. Industrial demand for silver takes off just at the first hints of a recovery. It's hard to time. Buy when there is blood in the streets. HODL. 

 

  • It’s likely we are already in a recession; market lags this sort of thing; meaning a recovery is coming. 

 

  • likely we will see margin calls hit the broader market. This forces many to sell a wide range of stocks, including precious metals, in order to cover. 
 
  • panic sets in and the market over corrects. 
 
  • Gold and silver prices correct. Think silver back to 26 dollars. Gold back to 2300. 
 
  • FED cuts and cuts again into 2025. Recovery start to kick in. 
 
  • Rate cuts make gold and silver attractive and money flows back in.
 
  • Inflation drives gold and silver prices up. Debt government hangover has no easy cure. 
  •  
  • Silver and gold outperform. 
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