Barrick Gold held an investor day discussing its Nevada Mines operation. There are 200 possible exploration targets that could bolster the production profile and extend production visibility to 15 years.
Sucks? Yeah, sure. Maybe in the eyes of crypto fanatics and the quacks who re-invent monetary policy every month. In actuality, few things in the material world suck less than gold
Markets continue to demonstrate extremes but so far they have held together and yes could go higher still. Gold finally closed over $1,900 but it is struggling higher and still needs to convince that regaining $2,000 is possible.
History shows that once a nation embraces unlimited supply paper money and abandons gold, it embarks on what is best termed a “financial sleigh ride to Hades”. It happens regardless of which political party tries to play skipper with the fiat ship.
