Ann: March 2021 Quarterly Report Guidance Eridanus Orion update, page-55

The gold price initially failed in an attempt to leave its consolidation formation, a bullish flag, to the upside. Instead, the price of gold has so far been on the spot. Everything seems to be squinting in the direction of the Fed's press conference tomorrow, Wednesday. However, an interest rate hike is practically impossible. But if Jon Deane, ex-JP Morgan director and current CEO of Trovio has its way, then the gold price should pick up speed soon.“We are already seeing inflation. If you look around the world, you can see property prices, building materials and services skyrocketing, ”Jon Dean told *****.com. “What we've been creating since the early 1990s is an entire debt-based financial infrastructure, and we've dramatically accelerated that in our response to dealing with the COVID-19 crisis. In that regard, we will continue to increase the global money supply and we will continue to have fairly aggressive fiscal policies. We're on an economic cliff. ”He believes there will be a big move in the price of gold. "We're going to go well over $ 2,000 this year," says Dean. In his view, $ 2,200 is realistic. Gold is in a much better position than it was a few months ago.As already written several times: The fundamental environment could not be better for the gold price. Inflation is picking up speed. Normally, the US Federal Reserve would respond by raising interest rates. But the Fed has just made it clear that it will not do this. Accordingly, it creates an environment of rising inflation with, at the same time, continued low interest rates and thus clearly negative real interest rates. So it should only be a matter of time before the gold price rises above $ 2,000 again.The mining stocks seem to have passed their lows. Some, like Newmont, are already approaching their highs from last summer. Others, such as Roxgold, have already reached new all-time highs (even before Fortuna Silver's takeover offer). The next rally in mining stocks is likely to be huge. The long correction has practically emptied the market. Sales are plummeting. If money is now flowing into this sector, then many stocks have potential well over 100 percent