TSXV:TUO - Post Discussion
Post by
highper on Aug 20, 2024 4:28am
Want to capitalize on all-time high gold price?
Global average daily trading volumes in gold exceeds $160 billion, more than T-bills, https://www.mining.com/want-to-capitalize-on-all-time-high-gold-price-you-could-be-in-business-by-2040/ The champagne corks must be popping in Perth, Denver, Vancouver and Toronto, right? Mumm maybe. Dom, not likely.
Because as in so many markets, grass roots operations and financial markets have lost touch altogether.
Just under $1.1 billion disappeared from gold exploration budgets last year. 36% fewer gold holes were drilled. Junior mining financings are the lowest since 2019 after dropping by 23% last year.
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