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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Re: OT: Calling all Gold Stock Traders

Thanks a ton CuuVenturer!  

I'm not really trying to time the top of the current gold cycle.  I agree that it appears like a multi-year run. 

Lower and lower interest rates are hugely bullish for gold, wait untill its zero or even negative in the US like it is in many parts of the world.   Gold will soar.  As will gold stocks.

There is so much money looking for a safe home that these oceans of cash are competing in a reverse auction of sorts to knock interest rates lower and lower.  Because stocks are riskier and appear expensive, and we're not that far past a horric market implosion in 2008/09, lots of scared money. It is an undeniable that we are in TINA (there is no alternative) environment.  And I keep hearing more and more often from advisors that people should have gold or gold stocks as insurance in their portfolios.  Some saying that everyone should have 5% or more. 

I have no doubt that golds stocks will be considerably higher in a year or two or five even.  The oppportunity that I contrast this against has multiples more upside potential.  Hopefully it pays off short term and I can come back to the gold train.

Hence my short term projection interest for gold.  The opportunity I am lookng at may only remain until a month or two out. 

My inclination right now, given the jarring drop in treasury yields this afternoon, that I anticipate an ongoing trend of negativity on the prospects for the economy and an abundance of tension and fear given impending pandemic.  That won't go away for several months.

Maybe T/A should be my go to crystal ball with such a short exit window.

Thanks again for the reading assignments.  

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