Geopolitics is critically relevant at this time to the price of gold and Calibre as a gold producer.
The rise in the price of gold is the outcome of central banks, other than the Federal Reserve Bank of the United States that is failing to supress the price of gold denominated in USD in the paper leveraged COMEX when the price of gold is more than ever being determined in the physical market, dumping US treasuries for tier one asset gold. Demand for US dollars is waning as the collective South construct an mulitverse to get away from US domination and sanctions. Demand for US petro dollars is failing as oil producers are making deals outside of the USD and SWIFT with consumers.
A look at gold charts show short lived shallow pull backs in the gold price as bullion bank suppression efforts are now nothing more than opportunity for taking physical delivery.
Countries around the world have had it with the United States abuse and weaponization of the USD reserve currency and are now taking action. Their central banks are accumulating gold, they have instituted their own development bank, they are doing bilateral trades, they are conducting transactions outside of SWIFT, they are entering new trade and security agreements, they are building new trade routes. BRIC membership is expanding. Commodity back digital currency is under development. And much more. The BRIC nations are meeting in Russia in the coming months at which significant announcement are expected regarding a commodity backed trading currency.
For the big picture here is an article Pepe Escobar just posted:
https://www.zerohedge.com/geopolitical/escobar-how-telegram-geopolitcs
On a micro scale Calibre is doing the right things at the right time.