It was another quiet week for both the metals (which continue to trade in a range) and mining stocks (which remain extremely depressed relative to their cash flow generation). This isn't surprising as the volumes die down during..
The summer doldrums are in full force, with material news flow lagging relative to other parts of the year. $BTR, $KOR, $DSV, $EQX, $GBR, $KGC, $LAB, $MGM, $MAI, $NFG, $ODV, $SVM, $VZLA
Gold & silver smashed for no fundamental reason, resulting in a blood bath for gold stocks. It is completely unfounded as the Fed remains extremely accommodative with inflation weighing on consumers.
The heavily doctored CPI data increased to 5.0% in May after a 4.20% increase in April. In other words, real-world inflation is somewhere between 10-15%.
Thus this gold-stock upleg remains young, with the lion’s share of its gains still yet to come. This sector will follow gold higher, amplifying its gains because of the miners’ inherent profits leverage to gold
This maiden drill program focused on understanding geologic structures associated with the silicified lithocap located on the southern end of the East Camp Douglas property located in Mineral County, Nevada.
