What Will it Take for Gold Mining Stocks to Follow Gold's Lead?
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- Опубликовано: 4 июл 2024
- Trey Wasser, CEO of Dryden Gold (TSXV: DRY | OTCQB: DRYGF) thinks that gold stock investors are climbing a historic wall of worry as they anticipate every gold rally to fail and hold back on deploying capital in what should be a bull market for the gold mining sector. Trey discusses what could change the tides and provides an update on Dryden Gold, including recent drill results, plans for their summer work program, and much more.
Dryden Gold Website: drydengold.com
Follow Dryden Gold on X: x.com/DrydenGold
Disclaimer: Commodity Culture was compensated by Dryden Gold Mines for producing this interview. Jesse Day is not a shareholder of Dryden Gold. Nothing contained in this video is to be construed as investment advice, do your own due diligence.
Follow Jesse Day on X: / jessebday
00:00 Introduction
00:34 Important Trends in Gold Space
02:58 Wall of Worry in Gold Mining
05:41 Has the Gold Market Changed?
09:17 Retail Buying in East vs West
12:07 Erosion of Trust in Fiat Currency
16:20 Phase 4 Drill Program Results
23:11 2024 Work Program Plans
27:17 How Dryden Gold Came Together
#gold #goldstocks #miningstocks
That sale of Ely Gold in 2021 was a bad deal for non-insider shareholders!
Newsflash: Gold does have counterparty risk. If it didn't I wouldn't have needed to buy a sigma pro metal detector.
Thanks Jesse!
Russia has the starting pistol. Per Jim Rickards says that over $200bn of their frozen assets is held by Euroclear brussels which has many overseas legal entities including Hong Kong China. All Russia has to do is to start legal procedures and writ petition and put a spanner in the global financial system by putting a Lieu on assets held in each jurisdiction. ICE 9 thus financial institutions will not be able to use Euroclear. Most likely to happen after the BRICS+ summit in Kazan Russia in October 24.
This will crush the Bond Markets.
But I expect that there will be a last minute dash by BRICS into PMs in August before the Shanghai meeting of finance ministers in September when they detail the BRICS Unit backed up by PMs.
So to answer your question when will fund managers rebalance their portfolios will it be pre or post summer and follow Sam Duncan Miller pivot from Tech into Newmont etc ???
High oil prices will crush these miners
Another fool that believes that gold can't be used for the dollar because it's too valuable. A dollar can be worth 0.000000000000000001 grams of gold ( and you can add zeroes as needed)