Sprott Inc’s Ryan McIntyre States that most likely …. "...
All roads lead to gold and prices above $3,000 - Sprott Inc’s Ryan McIntyre..."
Unfortunately, Gold Mountain isn't profiting from this GOLD POP!
"... Ryan McIntyre, Managing Partner at Sprott Inc., said that Powell is walking a very narrow tightrope between supporting U.S. economic activity and managing elevated asset prices.
Although Federal Reserve Chair Jerome Powell has signaled that the central bank is in no major hurry to lower interest rates, McIntyre said investors should pay more attention to the Fed's actions than Powell's words.
“Clearly, with its 50-basis-point cut, the Fed doesn’t want to be seen as being behind the curve,” he said.
McIntyre added that bigger issues are at play than just the Federal Reserve’s monetary policy. He expects the central bank to continue focusing on supporting the economy, even if inflation remains stubbornly elevated...."
https://www.kitco.com/news/article/2024-09-23/all-roads-lead-gold-and-prices-above-3000-sprott-incs-ryan-mcintyre