FFX 0.00% 20.0¢ firefinch limited

Just wanted to highlight the environment we're in and how that...

  1. 124 Posts.
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    Just wanted to highlight the environment we're in and how that relates to gold. The fed is locked in to low interest rates as the unemployment rate in the US is still only improving at a crawl. A near zero-interest inflationary environment is the promised land for gold, and this capital raise is foreseeably the last negative SP catalyst before a positive announcement dense next three years. I highly encourage watching the latest investor briefing as this is a major milestone to progress the project: Financing .

    On a technical level, gold is forming an inverse head and shoulders (bullish pattern) on the daily timeframe. This dip has dampened gold miner valuations in the short term, but this higher low has very good risk-reward as the dip to buy - my preferred exposure being the severely undervalued FFX - as the implied move breaking out of the neckline is to test 2100.

    https://hotcopper.com.au/data/attachments/3298/3298941-262d107aff7e1ff3855845f9f9a6fcc5.jpg
 
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Currently unlisted public company.

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