Ice drilling at Regnault target, Frotet project, Quebec
With conflicts around the world not exactly working towards a solution, with Taiwan potentially entering the mix since China wasn’t too happy with the speech of the Taiwanese president, gold remains strong above US$2,300/oz despite rumors swirling around of a first rate cut in September this year.
In a time where the world seems to get increasingly used to the Russia and Israel conflicts, China antics on trade and Taiwan, and a Federal Reserve preparing for rate cuts beginning in June, the gold price has broken out pretty violently, and printed a new high over US$2,400/oz, and maintains these lofty levels so far.
As the stockmarkets in the US are printing all-time highs again, not really urging the Federal Reserve to lower rates anytime soon it seems as inflation remains well above target, Kenorland Minerals (KLD.V)(3WQO.FSE) announced the final drill results for Regnault, part of their flagship Frotet Project in Quebec.
Ice drilling at Regnault target, Frotet project, Quebec
At a time where markets are weighing Federal Reserve comments about being hawkish towards rate cuts as inflation remains persistent, two major conflicts deepen (Russia-Ukraine) or seem to spread out (Israel-Hamas), the BRICS expand with new members, and recession fears are looming large in the background, gold remains trading above US$2,000/oz.
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You don’t come across explorers like Vior (TSXV:VIO)(FRA:VL51) too often, with district scale prospective projects in its portfolio, strong backing (Osisko Mining, SOQUEM, Quebec funds) and high-quality core investor base for a small free float. The stock has been side-ranging since September, and is at an attractive entry point for new investors.
With the Federal Reserve pausing their rate hikes for now, awaiting developments for the economy although being somewhat surprised by the strength of it, expecting one more hike before year end but no quick pivot to rate cuts in 2024, general sentiment remains neutral, although a recession looms behind the scenes.
Ice drilling at Regnault target, Frotet project, Quebec
After experiencing the last rate hike by the Federal Reserve in July, it seems more and more likely that the world economy is heading into a soft landing, with inflation continuing to go down.
Ice drilling at Regnault target, Frotet project, Quebec
With a recession looming large in the US but continuously delayed, the Fed unsure whether to hike one last time or to pause, the debt ceiling bill passed through the Senate, and inflation going down, there are a lot of mixed signals to take into account for the stock markets.
Ice drilling at Regnault target, Frotet project, Quebec
As we seem to be at a pivotal point in the economy, with the Federal Reserve contemplating a halt in rate hikes, and potentially a more dovish stance for the second half of this year as a recession seems to be coming our way, sending the gold price to all-time highs recently, Kenorland Minerals (KLD.V)(3WQO.FSE)
In an uncertain time where 3 substantial US regional banks collapsed and European system bank Credit Suisse was on the verge of a meltdown but got sold just in time to Swiss counterpart UBS for just $3B, all banks supported by substantial packages by other banks and the Swiss Central Bank, gold is doing well, and is hovering around the US$2,000/oz.