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Bullboard - Stock Discussion Forum Kelt Exploration Ltd T.KEL

Alternate Symbol(s):  KELTF

Kelt Exploration Ltd oil and gas company. The Company is focused on the exploration, development and production of crude oil and natural gas resources in northwestern Alberta and northeastern British Columbia. The Company's assets are comprised of three operating divisions: Wembley/Pipestone in Alberta; Pouce Coupe/Progress/Spirit River in Alberta, and Oak/Flatrock in British Columbia. The... see more

TSX:KEL - Post Discussion

Kelt Exploration Ltd > Federal Reserve Chairman Jerome Powell Speaks
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Post by geezer21 on Apr 21, 2022 11:00pm

Federal Reserve Chairman Jerome Powell Speaks

Notice that after Federal Reserve Chairman Jerome Powell spoke today about raising interest rates, that while stock markets sold off, tangible assets like copper, oil, gold, natural gas etc., did not drop. They maintained their value.  Excess paper in the stock market is divorced from real economy.

Raising interest rates is to prop up the USD.  It is not prices that are rising but it is dollars that are devaluing.

Commodities are an inflation hedge against a devaluing dollar.
Comment by TouchDown12 on Apr 21, 2022 11:09pm
These facts are what we all need to be thinking and strategizing around. For instance, the value in the Petro Lonnie is not the Lonnie (printed money); but in the Petro (real value that meets real human needs). Good catch Geezer. TD12
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