After recent consolidation, $ESK.V now sits at its closing level from July 31. What an opportunity if we "missed it" only 2 weeks ago post initial 2021 assays, 95% pending putting into perspective where we were last Dec awaiting ESK news @TaviCosta@Crescat_Capital
$ESK.V encounters broad intercepts of precious metal rich stockwork feeder mineralization at TV.
Incluing 47.8m grading 5.2g/t Au eq within 140.3m grading 2.6g/t Au eq
And 44.4m grading 4.7g/t Au eq within 92.3m grading 2.7g/t Au eq.
$PEX.V intersects 437m of 0.61% CuEq or 0.96g/t AuEq.
Including 291.7m of 0.75CuEq or 1.18g/t AuEq in first drill hole at Kliyul copper-gold project.
Importantly, this includes 141m of 1.07% CuEq or 1.68g/t AuEq indicating high grade potential
Crazy to think that food prices are already near record levels while agricultural commodities haven’t even had their big move.
Still ~35% from their prior highs.
So much room for food prices to rise from here.
This will likely become the next chapter of the inflation narrative
In 1980, the market value of the US’ official gold as a % of foreign-held USTs was ~135%.
In other words, the US’ foreign-held debt was 135% gold-collateralized. In plain English, THAT was a gold bubble.
Today that % is ~6%. To equal 1980’s price, gold would be $39,600/oz now
For the record, this is not a US-only problem.
China’s money supply just increased by $840B in the last 3M.
Keep in mind that their highly inflated GDP still is 25% smaller than the US.
No matter what fiat currency, it's imperative to own tangible assets in this environment