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Bullboard - Stock Discussion Forum Independence Gold Corp V.IGO

Alternate Symbol(s):  IEGCF

Independence Gold Corp. is a Canada-based mineral exploration company with holdings ranging from early-stage grassroots exploration to advanced-stage resource expansion in British Columbia and Yukon. The Company's projects include 3Ts Project, Boulevard Project, and Moosehorn Project. The 3TS project is located approximately 185 kilometers (km) southwest of Prince George, British Columbia and... see more

TSXV:IGO - Post Discussion

Independence Gold Corp > Recession?
View:
Post by ErinBrockovich on Sep 10, 2024 5:17pm

Recession?

Not my first rodeo, pony boy. Stay golden. Recovery can be very fast or slow. It's unpredictable. Industrial demand for silver takes off just at the first hints of a recovery. It's hard to time. Buy when there is blood in the streets. HODL. 

 

  • It’s likely we are already in a recession; market lags this sort of thing; meaning a recovery is coming. 

 

  • likely we will see margin calls hit the broader market. This forces many to sell a wide range of stocks, including precious metals, in order to cover. 
 
  • panic sets in and the market over corrects. 
 
  • Gold and silver prices correct. Think silver back to 26 dollars. Gold back to 2300. 
 
  • FED cuts and cuts again into 2025. Recovery start to kick in. 
 
  • Rate cuts make gold and silver attractive and money flows back in.
 
  • Inflation drives gold and silver prices up. Debt government hangover has no easy cure. 
  •  
  • Silver and gold outperform. 
Comment by ErinBrockovich on Sep 15, 2024 6:19pm
Things go easier and more predictable should we avoid a bad recession. In ANY case rate cuts will add fuel to the fire. And gold and silver outperform. Trott around, pony. It's gold and silver time. Stay golden.