Sabre Gold Mines Corp (SGLDF)

[goldenpolarbear]

Gold shines as bets on Fed pause gain momentum..."

Gold is UP but when are Sabre Gold Mines shares going to POP?

https://www.cnbc.com/2023/03/23/gold-gains-as-fed-hints-at-pause-in-rate-hikes.html

“... “The thought of peak U.S. rates being within reach is bolstering prices of the zero-yielding precious metal,” said Han Tan, chief market analyst at Exinity.

“As long as market expectations for a 2023 rate cut remain intact, gold may well revisit the psychologically-important $2,000 mark.”

The Fed on Wednesday raised rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs given concerns about the banking sector after two U.S. lenders collapsed earlier this month...."

https://www.mining.com/web/sprott-sees-gold-price-hitting-fresh-record-as-banking-crisis-unfolds/

"... The haven asset briefly rose above $2,000 an ounce on Monday for the first time in a year as a deal to buy Credit Suisse Group AG failed to calm fears over the global banking industry. Concerns over contagion among US regional lenders have sparked bets that the Federal Reserve may slow the pace of monetary tightening, which usually means the price of gold is headed up.

“I certainly think we’re on our way to new highs,” Sprott’s chief executive officer Whitney George said in an interview. After a market downturn, “the minute liquidity is restored back into the global market, gold seems to be always be the first thing to recover, and then often hits new highs.”..."