The stock acquisition deal enhances Silvercorp’s asset base by adding a low-risk, low-cost gold project, while preserving cash for mine development.
“We are excited to see nice intervals of oxide gold mineralization at and near the surface in this latest drill program on the north end of the Scarlet target,” says VP Turner.
Gold has arrived at the outskirts of the massive $1820-$1790 buy zone. In addition to gold bullion, silver bullion and mining stocks can be bought there as well.
Metals are back in the range where they have languished for more than three years. Conventional assets look overvalued, while gold and silver look relatively cheap.
Hopefully stripping Ukraine war funding from the spending bill is the first of many victories over the military-industrial complex and its politicians, lobbyists, and propagandists.
We are looking for another outstanding person to join our global team to help us analyze, report, and consistently publish about our portfolio of resource companies.
Gold has been holding up relatively well in the face of rising bond yields and dollar strength, but that may not last if Chinese investors slow purchases of the metal.
What do you do when raising interest to fight inflation makes inflation rise much faster, but not raising rates allows inflation to keep rising? We are seeing that now in housing.
In a weekly chart of closes, gold is down $100 an ounce in very fast order. Very important though, is when a market is under this 18-week moving average of closes, you should have a downside bias.