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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (188858)	6/15/2022 7:51:57 PM
From: Julius Wong	Respond to of 219487

BTC up a little elite.finviz.com

To: TobagoJack who wrote (188858)	6/15/2022 7:59:39 PM
From: Julius Wong	Respond to of 219487

Gold's floor price moving higher, Newmont CEO Palmer says Jun. 15, 2022 6:09 PM ET Newmont Corporation (NEM)By: Carl Surran, SA News Editor 5 Comments bodnarchuk/iStock via Getty Images Newmont (NYSE: NEM) CEO Tom Palmer is not predicting a gold price rally, but does see a higher floor forming under the market, with prices poised to stay around current levels of ~$1,800/oz and possibly a bit higher, Bloomberg reported Wednesday. Palmer is willing to forecast more support when prices dip, a floor closer to $1,500-$1,600/oz compared with a previous floor of ~$1,200, according to Bloomberg. "I see no reason why you wouldn't, over the next year or two, see it around current levels, but more importantly sitting on top of a floor that has fundamentally moved given the events of the last couple of years," Palmer reportedly said at the Prospectors & Developers Association of Canada gathering in Toronto. Palmer also said the gold mining industry will need more mergers and partnerships to dig up harder-to-access deposits in an environmentally friendly way. "We are seeing lower grades and more-difficult-to-reach ounces," according to Palmer, and the ability to tap those ounces while assuring the industry addresses "critical sustainability issues" will require access to capital and agility.