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Re: ORIGINAL: Teuton Reports 1,152 Meters of 0.741 gpt AuEq, Including 1.561 gpt AuEq Over 121.5 Meters and 0.968 gpt AuEq Over 414 Meters With Hole GS-20-75Man, how typical is a light sell-down on what is a great progress and slight improvement report? I’m thinking maybe the market is spooked by uncertainty about the US election and US stock valuations generally, and there is a group looking to raise cash thinking they might see better dip buy-back pricing in the next few weeks. Who knows, could be right. Myself, even though the polling last election got blown out by the Trump phenomena ... this time that looks like a stretch. Would a Biden White House and the Democrats controlling both houses in Congress be good for gold and copper? I would say yes. Gold’s correction and stalling around $1900 looks really healthy as a breather to make a run at and past $2000 and up to a new resistance/base level. Consistent with larger government balance sheets, low interest rates, creeping stagflation, major infrastructure and income relief spending ... and a lower US dollar. We’ll see whether independents and moderates punish a few GOP Senators for their shameless hypocrisy on the confirmation of SCOTUS justices. Lotta moving parts out there these days. At least a day when we get a TUD/TUO NR feels a little less like my life is “Groundhog Day”, the sequel. Bonne chance a tous! cg |
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