"Gap fill"; formed out of 'fear' the gap acts as a psychology barrier, boosting investors confidence, in turn investors load up on gold shorts specifically targeting the 'gap', causing supply to increase excessively, supply then becomes significantly greater than demand, and keeps negative pressure on the bull rally. During these conditions, markets have crashed...
Why is gold so bullish you ask? BRICS & de-dollarization: BRICS members have been creating their own digital gold backed currencies to settle international trade deals in order to 'ditch the dollar'. China settled their first lng trade in Yuan March 2023. Petro dollar is slowly being replaced by the petro yuan. Brazil and Russia are now accepting trade...
Heliostar is a junior mining company with a portfolio of high-grade gold projects located in Mexico and Alaska. The company intend to focus on the development of the 100% owned Ana Paula Project located in Guerrero, Mexico. Heliostar is also working with the Mexican government to permit the San Antonio Project in Baja Sur, Mexico. The Company continues efforts...
Due to funding the "Magino Project", $500M in financing, AR is trading in the pennies. The "Magino Project", is now fully funded, and 70% complete. I performed an asset valuation on AR's mineral reserves and mineral resources proven and probable data, the results were.. 303,000,000.00/tonnes * .71/grade / 31.1034768(gram-ounce conversion) = 6,916,590.109308937/oz...