Victoria Gold Corp VITFF

HOW ABOUT AN ANNOUNCEMENT

[kegman]

THAT SAYS EVERYONE IS BACK AND AT WORK!  GEESH!!!

[Greatdaysahead]

Knowing the date at which they are back to full operations would be "nice-to-know" this article 15th Aug doesn't help.. not clear if it means on 15th or on Monday or in due course: https://www.whitehorsestar.com/News/old-crow-residents-begin-returning-home Wildland Fire has also rescinded evacuation alerts for the Dublin Gulch area, the Sixtymile area and the Silver Trail

[kegman]

I saw that last night but John said last week they were getting back that weekend and could be up and running within 2-3 days.  That means last Sunday or Monday.  Plus he said they never stopped pouring gold.  3rd quarter should be ok.  It might dampen 4th or 1st next year if that is the  case.  They had plenty stacked.  With all the chaos in the world right now

[Greatdaysahead]

POG deeply inverserly correlated to DXY (USD) trend. Today's FOMC minutes showed that further interest rate hikes are still in play. So POG still under relative pressure and I am unable to estimate the current premium in POG due to geo-political tensions. GL    

[OCB1234]

I don’t think rate hikes really matter. Do you remember what happened during the last major Fed-rate-hike campaign under George W and Alan Greenspan, between June 2004 and June 2006? Over that two-year span, the Fed more than quintupled its Federal Funds Rate from 1% to 5.25% and Gold blasted 49.5% higher.  

[Swingandmiss]

OCB you keep mentioning how gold went up in 2004. Let's keep in mind that the gold price in 2004 was $400.  The world buys gold in USD so when the fed keeps rate hikes on the table and the dollar continues to strengthen, gold will be under pressure. Once the US consumer runs out of stimulus money, the economy will start to weaken. Only then will gold and the miners start to climb

[OCB1234]

It's all relative. Gold was not knocked down to $400 in 2004, it was on the rise in 2004. But your point on the USD is well taken. Let's see what comes out of the BRICS Summit in five days.