Calibre Mining reports robust Q1 production and financial results...Highest Quarterly Production in over four years.
The big picture? Well, investors need to ignore the $100-$200/oz gyrations and focus on the fact that gold is the ultimate currency.
“The Board of Directors is pleased to reward shareholders with a fifty percent cash dividend increase, which reflects our ability and confidence to generate significant free cash from our high-grade Isabella Pearl gold mine."
Gold production: 45,452 ounces, highest quarterly production since Q3 2016.
The more likely scenario, unfortunately, is money-printing “out the wazoo” bearing ridiculously high deficits and debt, a currency war with China, and finally, hyperinflation leading to the destruction of the US dollar.
The US has wasted $2.26 trillion dollars on a generation of war on Afghanistan. Much of this money has been spent, according to the US government’s own Special Inspector General for Afghanistan Reconstruction, on useless..
I am of the opinion that the gold cartel will lose this battle to keep gold under $1,800. But expect the cartel to attack, but soon gold will break through the resistance zone.