$BFGC is one of many plays in the gold space that
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Posted On: 01/31/2017 9:18:25 AM
$BFGC is one of many plays in the gold space that may see a very interesting week this week. We noted the issues surrounding the junior gold miners in a recent article, and how BFGC has a potential edge in that space due to some recent clever deal making. That said, we noted previously that we might see the March FOMC meeting as the key catalyst for the space. However, according to some recent rumors, that time table may have to be moved up to this week.
As you know, the Federal Reserve meets this week to announce an interest rate decision and put out a statement. According to our sources, there is more than a little tension developing between Janet Yellen and Donald Trump. Some suggest that, no matter what the Fed decides this week, Trump may well take it upon himself to start tweeting out some potential successors to Ms. Yellen. If they turn out to be names that lack hawkish, independent credibility, then we are likely to see a banner day for the gold market. Given BFGC’s ability to step up production capacity beyond that for most junior miners, this is one play that may have a chance to really go to work for investors.
As you know, the Federal Reserve meets this week to announce an interest rate decision and put out a statement. According to our sources, there is more than a little tension developing between Janet Yellen and Donald Trump. Some suggest that, no matter what the Fed decides this week, Trump may well take it upon himself to start tweeting out some potential successors to Ms. Yellen. If they turn out to be names that lack hawkish, independent credibility, then we are likely to see a banner day for the gold market. Given BFGC’s ability to step up production capacity beyond that for most junior miners, this is one play that may have a chance to really go to work for investors.
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