I, like everyone, have been watching gold decline since Feb/Mar of 2022. The narrative for gold has been influenced by inflation and rising interest rates for several months as evidenced by the inverse relationship between the USD and Gold price. Covid, and the Russian invasion of Ukraine, has rattled the Global markets to the core, everything from food to death. Russia has already lost a significant amount of equipment, and over 75,000 deaths. The destruction to infrastructure and death in Ukraine has also been significant. I feel so sorry for everyone in that part of the world, a terrible winter is about to descend on everyone there.
But as time passes, the world is beginning to adjust to all of these threats, the economy marches on. Was the $54 bounce in gold yesterday the beginning of something, or just more hope. I think most will agree, gold isn't going anywhere soon, supply and demand will continue to tighten gold supplies, hence ultimately the price of gold. Also the rising prices of Lithium, copper, silver and other essential components is indicative of a strained demand and supply equation. My guess is prices will continue to rise.
It wasn't a great trading week for Tocvan, however, taking into account the volatility mentioned above, and that nothing has fundamentally changed, those who remain engaged in the opportunity need to weather this pricing storm. Tocvan is fully financed for two years and beyond, and about to begin drilling Picacho and Pilar, and conducting important bulk sampling at Pilar which could potentially lead to near term production (next 5-8 months).
Tocvan traded over 470,000 shares last week, with selling coming primarily from Anonymous and Scotia. Overall, not a bad week considering they haven't started to drill. I suspect a few good holes at Picacho will quickly change trading dynamics, also an improving gold price will support their business model. Brodie is in Germany this week and then continues to open Investor Relation channels in the US, such as the one listed below with The Street's TV host Jane King.
https://www.youtube.com/watch?v=meblki8N9as
Brodie Sutherland, P.Geo., CEO of Tocvan Ventures Corp (OTC: TCVNF) (CSE: TOC) (FSE: TV3) ($TCVNF) is with New to The Street's TV Host Jane King from the New York Stock Exchange Studio. Tocvan Ventures Corp. is a natural resource Company that acquires, explores, and develops mineral resource properties. During the interview, Brodie gives viewers a broad overview of the Company's objective in seeking mineral resource projects with historical data in known mineralized regions. In the State of Sonora, Mexico, Tocvan's has two exciting properties, the Pilar Project and El Picacho Project, both in exploration stages, within known historical geological gold-silver bearing belts. The State of Sonra has an active mining industry with roads, utilities, and other infrastructures, allowing Tocvan to have a low-cost operational existence. The area has well-educated and established mining personnel available as a viable human resource for the Company. Tocvan's management team comprises successful geologists, finance, and market experts. Brodie expects price volatilities in gold/silver to continue in the short run. Still, long-term prices should rise due to worldwide inflationary concerns and technological advancements in products using precious metals. Viewers can learn more about Tocvan Ventures Corp.'s gold and silver mining concessions in Mexico by downloading the on-screen QR code, available during the show or visiting Tocvan Ventures Corp - https://tocvan.com/.