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Guanajuato Silver Company Ltd V.GSVR

Alternate Symbol(s):  GSVRF

Guanajuato Silver Company Ltd. is a precious metals producer engaged in reactivating the past producing silver and gold mines in central Mexico. It produces silver and gold concentrates from the El Cubo Mines Complex, Valenciana Mines Complex, and the San Ignacio mine; all three mines are located within the state of Guanajuato. It produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango. With four operating mines and three processing facilities, it is a growing silver producer in Mexico. El Cubo Mines Complex is a high-grade, epithermal-vein, underground precious metals mine. Topia mine is a silver-rich polymetallic mine. Its Cata processing facility has a capacity of 36,000 tons/month. Its El Horcon mining concessions cover 7,908 hectares comprising 17 contiguous mining concessions located over 60 kilometers to the northwest of the Valenciana Mines Complex in the state of Jalisco. Its EL Pinguico Mine is a high-grade silver producer.


TSXV:GSVR - Post by User

Post by ErinBrockovichon Nov 06, 2024 6:53am
54 Views
Post# 36298229

Trumps Impact On Gold and Silver

Trumps Impact On Gold and Silver

Crypto is moving up on the news. I think this will show the way for gold and silver. Give it time. It will go up. 

From silver Santa and hot potato 

Trump has been elected as the new USA president. The DXY is up with +1.53% and the precious metals don't like that much. 
The truth is that Trump will need to print money. He wants to reduce inflation, but it is not clear how he can do that as he will need to print money. He wants to abolish the income tax, but that will mean more debt and the need to print more money. #GOLD #SILVER 
Today there is the FED meeting. If they cut rates as expected, then that will be bullish for the precious metals #SILVER and #GOLD.
Tomorrow there is the CHINA meeting. If they confirm the big $1,000B stimulus program, then that will be bullish for the industrial metals #SILVER and #COPPER.
I think that #GOLD and #SILVER will continue to go up, once the dust settles.

Metals sell off is a mistake by the mkt. His tarrif policies are basically inflationary. Also his build back manufacturing initiatives. Fiscal will be up, interest rates are going to be down and inflation will be up. I don't see any way money supply doesn't increase in the coming years. USA will dilute some of their debt via inflation. I think silver will do well with the manufacturing incentives and if Tesla gets a support to get electric cars out more in quantity, it's still good for silver.  Other central banks will surely keep buying gold and metals as they see inflationary pressures. Higher fiscal again restricts higher interest rates... I think precious metals is a very safe bet. But it's volatile for sure  

 

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