Bullboard - Stock Discussion Forum Scorpio Gold Corp V.SGN

Alternate Symbol(s): SRCRF

Metals & Mining Gold

Scorpio Gold Corporation is a Canada-based company, which holds 100% interest in two past producing mines, the Manhattan Mine and the Mineral Ridge Mine, both located in the Walker Lane Trend of Nevada, United States. The Company's Manhattan District comprises the advanced exploration-stage Goldwedge Project, with an approximately 400 ton per day gravity mill. Adjacent to Goldwedge is the 4,300... see more

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TSXV:SGN - Post Discussion

Scorpio Gold Corp > TDSB ;

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Post by 1rockit on Nov 24, 2021 2:45pm

TDSB ;

I do believe in a much higher gold price ( 2600 ) .. Thing that bothers me is I can't put my finger on what the catalist will be . I think it's going to be inflation but as long as the Gov. has their finger on the interest rate button it nullifies the pressure for gold to go up. The only thing I can actually see happening is the Gov not raising the interest rates fast enough and inflation basically takes over .. Wjat is your take on this situation..

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Comment by tdsb on Nov 24, 2021 4:47pm

Rockit, The catalyst will be The Bond Market. The Fed has started to reduce the amount of bonds they are buying, but they are still buying. Their balance sheet is loaded with debt. To fight inflation they need to start raising interest rates. How far can they raise them before the interest on the debt crashes the market. (2%-2.5%). Inflation is at 6.2%, remember when you raise interest rates ...more

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