Our mineral exploration sector doesn’t need public money to succeed in finding new deposits that will go a long way towards addressing global supply shortages but having government on side during the often-long road from discovery to production can certainly help with permitting new mines, as demand for green energy/ transportation metals goes bonkers.
The belief in the Fed and US Treasury to control the financial market will be absolutely ubiquitous.
Markets tend to move in cycles. They typically experience cyclical pullbacks after trending higher for a long period of time. Rarely do markets move straight up or straight down.
Two weeks ago in this space, we brought to your attention a looming and growing problem within the fractional reserve bullion industry. The situation has seemingly gotten more dire in the past few days..
This is the resistance zone for gold, which it is in now. Chart still bearish.