Those of us that invest in a small gold explorer like CVS like to watch the value of gold in the USA and watch the gold reserve holdings of the USA. 8,000 tons at present. So if the USA values gold so highly, the price of gold should hold and perhaps even go up steadily. The importance of news stories about gold valuations are important indeed.
"And with the exception of a mild selloff in the 70’s, the U.S. has held onto most of its 8,000 tons of gold, despite removing the gold standard in 1971.
So if the U.S. is holding onto its reserves in spite of the “price,” there must be something else going on". Reference below at end of message.
For a small explorer like CVS this is good news for sure. With the Garden Gully explorations of CVS and THX reporting new gold shears, there should be a lot of interest in deep pocket investors at present. While the value of gold can be manipulated down, the value of these new explorers in an old gold mining area should be significant. The whole technic of mining has changed and the gold is just waiting to be extracted with the right methods..
Perhaps some new information tomorrow? CVS should have some news on the first of their drillings and THX should report soon with new information. Who will be first? Both are holding the mining rights to the Garden Gully areas. One in the north and one in the south with reported gold shears running north to south.
Read Newsmax: The Factor Hiding Gold's 'Real' Price: When 'Golden Bull' Will Return | Newsmax.com