The M&E Dispatch // 056
Gold Breaks Records, Bitcoin gets a seat at the table, and Canada Calls It
Gold Breaks Records, Bitcoin gets a seat at the table, and Canada Calls It
March 25, 2025 | Read Online
The M&E Dispatch // 056
Gold Breaks Records, Bitcoin gets a seat at the table, and Canada Calls It
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Hello Everyone,
It’s Tuesday, and something rare is happening; markets, politics, and monetary policy are all talking to each other, and for once, they’re not shouting. From Ottawa to D.C. to Shanghai, the signals are unmistakable: the world is moving its chips, and no one wants to get caught flat-footed.
Mark Carney made it official on Sunday, calling the long-rumoured election for April 28. The timing isn’t surprising. The buildup had been deliberate, the messaging controlled, and the shift in tone... notable. After a week of calmly disassembling Pierre’s greatest hits, from “Axe the Tax” to “Bring it Home” he’s putting Pierre’s "Noun the Verb" generator through it’s paces.
Ask anyone 3 months ago about the Liberal’s chance and you’d get a quick quip in reply. Now it seems the Liberals have managed to regain their footing. That one line “We will never, ever be part of the United States” hit the right nerve. It reframed the conversation, especially among sectors that live and die by international relationships: mining, energy, manufacturing. For companies that rely on stable export policy, unpredictability isn’t just an inconvenience, it’s a liability.
Whether Carney’s surge is durable remains to be seen. He’s still untested on the retail politics front. But in the boardrooms he’s a known quantity. Markets tend to prefer predictable operators, and when Carney speaks, capital listens. That’s a currency of its own kind. Being Governor of not one, but two, nation’s banks seems to lend credence to his ability to understand the markets.
// Gold Hits $3,000 — and Holds
Speaking of currency, gold cracked the $3,000 mark for the first time in history. Not in a flash crash, not in a panic, but in a slow, grinding march upward.
The story here isn’t just inflation or interest rates. It’s trust. Central banks, particularly China’s, are buying gold at record pace. Not because they expect a sudden crisis, but because they’re hedging against a creeping one — a future where the U.S. dollar may not be the sole lighthouse in the storm.
This price level doesn’t just signal market anxiety. It reflects something deeper. A rebalancing of faith. When institutions prioritize security over yield, it’s not about performance… it’s about preservation.
// Bitcoin for Bullion? The U.S. Floats the Idea
And just as the world rushes toward gold, the U.S. is toying with walking the other way.
A revived proposal in Washington is floating the idea of liquidating a portion of America’s gold reserves to buy Bitcoin, up to a million BTC over five years. It’s being framed as a long-term diversification play, tied loosely to the so-called Bitcoin Act, and pitched as a strategic repositioning of sovereign assets.
The proposal is still speculative, but it raises a serious question: what happens when a nation begins to hedge not just against inflation or volatility, but against its own legacy instruments?
Bitcoin nudged higher on the speculation. Gold barely moved. Which might be the most interesting signal of all.
// The Real Story Is Where Trust Flows
Whether it's Ottawa framing the election around sovereignty, Beijing stacking bullion, or Washington musing about digital diversification, the same current runs through it all: trust is on the move.
Capital is getting cautious, governments are recalibrating, and institutional investors are watching closely. For the mining and energy sectors, these moments matter. Confidence — in policy, in leadership, in the future of money — shapes investment decisions faster than any quarterly earnings report ever could.
Canada's election may not swing global markets, but it could reframe how we think about economic leadership. Gold’s rise isn’t just about price, it’s about belief. And Bitcoin? It may be speculative, but it's being invited to the grown-up table.
// The Dirt
Homerun Resources Secures $3M in Private Placement
The Vancouver-based firm is raising a minimum of CA$3 million through a non-brokered private placement, offering units at $1.20 each.
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Helius Minerals Targets $2.15M in Non-Brokered Raise
Helius is arranging a private placement of 4.3 million shares to fund future exploration and corporate development.
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Northern Superior Hits Broad High-Grade Zones at Philibert
Drilling returns 31m at 1.94 g/t Au and 19.7m at 2.03 g/t Au—highlighting strong expansion potential just 9 km from IAMGOLD’s Nelligan project.
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Homerun Commissions Dorfner Anzaplan for Silica Plant Design
Homerun Resources has tapped Anzaplan for final testing, process design, and CAPEX estimates at its Belmonte, Brazil silica project.
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KWG Resources Applauds Federal Focus on Ring of Fire
KWG welcomed renewed federal attention on the Ring of Fire’s development potential—a major resource play in Northern Ontario.
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Kutcho Copper Details 2025 Project Enhancements
The company announced metallurgical and geological improvements at its feasibility-stage copper-zinc project in northwest B.C.
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Etruscus Resources Closes $817K First Tranche
The company’s private placement raised $817,250 in its initial round, part of a larger $1.25M goal.
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Lynas Shares Goldfields Community Update
March’s community update highlights Lynas’ activities around its Goldfields operation and engagement efforts.
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Harfang Kicks Off Drilling at Sky Lake
Harfang Exploration has started its winter diamond drill program in Ontario at the Sky Lake gold project.
Read more →
As I sit in Denny’s this morning, next to a row of other average Canucks I posed the question to the gent next to me: Do you know the price of gold this morning?
Ha! Nope.
It’s only Tuesday. But the week’s already… interesting.
Catch you all Friday.
- Lee
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