Ann: Kaiser Resource Drilling Records Highest Gold Grade Interval, page-122

can't wait for Monday... surely 70c will be kissed if not taken by the close. Sentiment towards gold stocks finally shifted in the US. And I mean shifted bigly. It was positive for the last 2 weeks but last night signaled the coming of the strong tide.

This is obviously conditional to POG keep making small weekly gains. These gains, as I said before, don't need to be big from here on. As long as POG gains something by end of each week the SPs of all goldies will be gaining by ~10% each week until they hit fair value - and that is long and very sustainable gains for ALK... $1.40 - $1.60. And if Kaiser MRE upgrade is as good as I think then $2 will be that fair value.

Interesting bit is yields in the US keep moving higher and gold also keeps following them higher. This may confuse many people as traditional view is Yields go up, Gold goes down and vice versa. This time it is not the case and the reason is simple. Yields going higher and job (part time mostly) numbers along with inflation warrant another rate hike or, at best, no rate cuts for while, do not impact gold any longer and the reason is the US spending. US runs $1trillion budget deficit.
And if yields stay at these levels, the interest on that debt by jump by $500b by the end of this year. Yes, by end of this year.

US now is caught in vicious cycle of keep digging themselves deeper in debt to keep the status-quo. The more they print to higher the gold will go.