Inflection Resources – Eastern Australia Gold Explorer Following Up On The Duck Creek Target
Alistair Waddell, President and CEO of Inflection Resources (CSE:AUCU – OTCQB:AUCUF) joins us to update everyone on the recent exploration results and financing. Focused in Eastern Australia the Company is exploring a large portfolio of targets, recently encouraged by the results from the Duck Creek Target in Northern NSW. The Company also just completed a financing where Crescat increased its ownership.
We have Alistair explain the recent results from the Duck Pond Target and the follow up drilling planned for this year. We also discuss the other targets in the Company’s portfolio that will be drilled in the near term.
If you have any follow up questions for Alistair regarding Inflection Resources please email us at Fleck@kereport.com or Shad@kereport.com.
Click here to visit the Inflection Resources website to read over the recent news.
Your ideas line up with Joe’s kind of. Gives me a good year to take a round the world trip and visit some old friends one last time before getting back into it.
Some interesting technical thoughts on Silver Greenspansconscience.
What fundamental drivers do you think would get Silver’s pricing moving in a way that causes it to break out and for the shorter term moving averages to turn up through the longer duration ones?
The fundamental drivers have been in place since 2008 IMO. This is 100% technical action IMO. Have seen this pattern play out dozens of times across the commodity sector. I think the closest technical analog to silver currently is wheat from 2001 to 2009. I think silver will produce a similar moonshot that should take it to at least $100 in about 2 years. The move could start anytime time in 2003 to 2004 IMO (that’s the window when I expect the 100, 200 and 600 WMAs to do what I mentioned above).
And it very well could be that we have seen the absolute low, but it would not shock me one iota if we made a marginal new low in silver sometime in the next 12 months (basically retest the 400 WMA which is something wheat did repeatedly over about a 1 year period).
There has been a lot of discussion amongst the posters and the newsletter writers whether The Fed will reverse course and support the markets if they start to Crash! We now know the answer, The Fed is rewriting the law and creating a permanent $500 billion Bailout Facility for Wall Street. DT
https://palisadesradio.ca/ Warren Pies interview: This is one of the best macro interviews I’ve listened to all year. The guy has some different thoughts on oil, housing, inflation, etc. Many on this page likely won’t listen because they think they’re already experts. They’re wrong!
I am in agreement with plenty of Warren’s views. For example, he thinks the era of low inflation is over but also that inflation will take a break and be subdued next year. Where I strongly disagree with him (because he’s wrong) is his view that inflation’s primary drivers are oil, housing and even food. He has a very basic misunderstanding of inflation if he doesn’t know that Milton Friedman’s claim is correct: “Inflation is always and everywhere a monetary phenomenon…”
Since the Austrian school of thought is superior to Friedman’s Chicago school here’s this:
https://mises.org/library/defining-inflation#:~:text=As%20Mises%20explained%20in%20his,bank%20deposits%20subject%20to%20check.
Does Warren not understand that the prices of oil, housing and food are driven by inflation of the money supply by the Federal Reserve, i.e., that the primary driver of inflation is in fact the central bank? It seems that way.
+1 Matthew. The increase in money supply is at that root of inflation, and then it is reflected in the prices of goods and services… not the other way around.
+1 for Matthew’s sage comment.
Matthew: Glad you listened to my posting. I didn’t think he was suggesting that money supply has no effect on inflation. I interpreted his comments as suggesting that oil and housing are two of the largest components of inflation and where they go……inflation goes.
Good thanks. Found more Warren Pies podcasts at backtracks. I couldn’t get the link copied, just search warren pies backtracks
Silver likely won’t break above $28 until late 2023 or maybe even early 2024. Between now and then its going to be trapped between the declining 100 WMA and the flat 400 WMA. I think any significant pop above the 100 WMA will be sold.
I think we need to see two events occur before silver will be able to really break out above $28: a positive cross of the 200 WMA above the 600 WMA and a negative cross of the 100 WMA below the 200 WMA. This is why I am saying late 2023 or early 2024 to get a breakout. There is absolutely no rush to get into the mining stocks. Even if you don’t nail the absolute low, they will be range bound for at least a year.