Wood Mackenize says to avoid a perpetual decline in mined gold; the industry must see a rise in the number of gold projects under development that have a good chance of becoming mines.
How many projects? 44, to be exact.
Intuitively, that seems virtually impossible....
That matters. The debt is already rapidly approaching $39 trillion. Having to roll over obligations at a higher rate will be ruinous.
Year-to-date, Gold’s average daily percentage range is 4.2%, including one day of 10.9% and another of 16.6%; (the year’s daily median thus far is 2.6%)
The institutions tasked with managing currencies are now openly acknowledging that credibility is conditional, cumulative and exposed to political strain, which is precisely the context in which gold tends to attract long-term institutional interest
Stock chart updates on $COPX, $FNV, $GDXJ, $AGQ, $SGDJ and more.
For instance, right now Powell is trying to provide more liquidity because the banks evidently need it. Changing a simple regulation could fix that. Today banks have to set aside a cash reserve to hold short term treasuries. Why? Allow them to hold short term treasuries without setting aside reserves and they would back up the truck to buy them and that would give them the liquidity without having to do QE.
