Bullboard - Stock Discussion Forum Hercules Metals Corp BADEF

Primary Symbol: V.BIG

Hercules Metals Corp., formerly Hercules Silver Corp., is a Canada-based exploration company. The Company is focused on developing Idaho's newest copper and silver district. The 100% owned Hercules Project, located northwest of Cambridge, hosts the recently discovered Leviathan porphyry copper system. The Hercules Property represents 8,850 acres consisting of one patented lode claim, 416... see more

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Hercules Metals Corp > $Copper/Gold/Silver

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Post by Varadero on Apr 18, 2024 8:56am

$Copper/Gold/Silver

BofA on #copper: The decline in #copper treatment and refining charges has been much discussed during #Copper Week in Santiago. That tightening in terms has been driven by a confluence of factors, including 1) low mine supply growth, which has been exacerbated by supply disruptions and 2) investment in smelting capacity especially in China. Picking up on the last point, smelter capacity utilization rates have been declining steadily. Commenting on that, Aurubis’ CEO Roland Harings said that China’s smelters “are taking concentrates in at levels where you cannot make profits."

It's not gold going up, it's the dollar going down. Just about 30mg gold at the end of 2015, now down to around 13mg. The dollar must be measured in gold. It cannot be measured in euros (i.e. DXY).