#Gold stays strong following Fed’s 50 bps cut

The stock market is at record highs, and the Fed cuts rates by 1/2 percent. Great news for Gold! 😉🚀

See more Precious Metals Charts on bit.ly/MasterMetalsCharts

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MasterMetals

@MasterMetals

$VGCX.TO: PWC details Victoria Gold’s assets & debts

Assets stood at C$824.75 Million, the majority consisting of property, plant & equipment of C$442.6 million and inventory (on the pad?!) of C$224.7 million. Cash, just C$24 Million.

Debts stand at at least C$300 million owed to 424 creditors.

89 Yukon-based companies are owed just under $42 million, representing 50.7% of the total unsecured debt.

#Gold’n Highs

Another all-time high for Gold today!

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MasterMetals

@MasterMetals

#Gold keeps rising

As gold passes $2500/oz. reaching all-time highs, everyone wonders, will the rally continue?

The short and long of it is, Yes.

It's financial demand that will be the main driver:

Gold is under-owned.

#Gold closes above $2500!

It's been a long time waiting!

Believe it or not, they let it happen! +2% in one day. That’s how it happens.

All it takes is a couple of days like this and you’re up a couple hundred $ in a week, and next thing you know it, we’re at $3000…

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MasterMetals

@MasterMetals

#CentralBanks continue to accumulate #Gold

Poland added 3.5 Tonnes in April, Czechia added 1 Ton.  

This follows on March's net purchases of ~25 Tonnes. 

See the data on the World Gold Council site here:

https://www.gold.org/goldhub/gold-focus/2024/05/central-bank-gold-statistics-march-2024

@GOLDCOUNCIL @KrishanGopaul

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