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Stefan Gleason: How precious metals generate positive real returns
By Stefan Gleason
Money Metals Exchange, Eagle, Idaho
Monday, February 8, 2021
One of the most bullish backdrops for precious metals is an environment of negative real interest rates – that is, when bonds and cash yield less than the inflation rate.
With inflationary pressures picking up and the Federal Reserve showing no signs of lifting its benchmark rate anytime soon, real short-term rates could fall even further into negative territory in the months ahead.
... Dispatch continues below ...
Great Bear Provides Detailed New Sections
and Drills Near-Surface High-Grade Gold
at LP Fault: 13.38 g/t over 18.15 Meters
Company Announcement
Monday, February 8, 2021
VANCOUVER, British Columbia, Canada -- Great Bear Resources Ltd. (TSX-V: GBR; OTCQX: GTBAF) today reported results from its ongoing 2021 exploration program at its 100% owned flagship Dixie Project in the Red Lake district of Ontario.
Chris Taylor, president and CEO of Great Bear, said, "In this release we provide highly detailed individual assay level data from shallow drill holes on one cross section at three different scales. With tighter drilling we have observed the same exceptional gold zone continuity at 25-metre drill spacing, both along strike and vertically, as we previously observed at 100–200 metre spacing.
"By the end of 2021 we are planning to have completed approximately 100 drill sections similar to the one contained in this release, consisting of over 400 drill holes in total. All this drilling is within the same continuous gold zone along more than 4 kilometres of strike length, which remains open to extension in all directions, and is present from bedrock surface.” ...
... For the remainder of the announcement:
https://greatbearresources.ca/news/great-bear-provides-detailed-new-sect...
Long-term yields, however, have been moving slightly higher in nominal terms.
Higher bond yields have helped lift the U.S. Dollar Index and restrain gold and silver prices so far in 2021.
The 30-year yield rose to nearly 2% on Friday. While still quite low historically, a breakout above 2% could be psychologically important for markets.
The Fed has long spouted a 2% inflation target. It now aims to engineer a slight overshoot for an indefinite period. (And don't forget that the government-reported inflation rate underreports true inflation. A 2% rate generally means we have 4% or higher inflation in the real economy.)
But if bond yields overshoot inflation, that would defeat the central bank's purpose. One of the Fed's goals is to help the U.S. government and other large debtors steadily chip away at their real obligations. ...
... For the remainder of the analysis:
https://www.moneymetals.com/news/2021/02/08/return-potential-of-precious...
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"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
https://www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651...
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