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Bullboard - Stock Discussion Forum Argonaut Gold Inc ARNGF


Primary Symbol: T.AR Alternate Symbol(s):  T.AR.DB.U

Argonaut Gold Inc. is a gold producer with a portfolio of operations in North America. The Company’s operating mines include Florida Canyon, Magino, La Colorada and San Agustin. The Florida Canyon Gold Mine area is situated in northwestern Nevada within the Basin and Range physiographic province. The Magino mine property is a past producing underground gold mine located 40 kilometers (km... see more

TSX:AR - Post Discussion

Argonaut Gold Inc > Correlation Whaaa ?
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Post by bobofet on Apr 22, 2024 10:43am

Correlation Whaaa ?

Today they are saying  gold big drop is all about easing tensions,  but the rise did not seem to have that tracked.  Someday maybe  we will find out  what golds movements are all about and how they are controlled or not??  But  any movements this week on inflation  and the possiblitlies of interest rates moving down  will help.   Seems there is still some skepticism on when and if....                                                                                                                                                                                                                                 signed... who is the man behind the curtain ??
Comment by crazytimes on Apr 22, 2024 11:30am
hi bobo... my guess which I posted a few days ago is that this whole run up could be a giant otc options play by some huge player/s that fed into itself catching everyone else off guard, essentially causing a huge short squeeze as gold rose against all its usual bearish correlations. If my theory is correct and the inevitable unwinding of the potential otc options trade happens, gold could drop ...more  
Comment by Funex4t on Apr 22, 2024 12:30pm
As long as China along with the other BRICS nations keep buying, my guess is gold will only pullback enough to trigger 'the dip' buying crowd. However, if oil prices rise, Japan will be in the soup.  That could be the next catalyst that continues this extraordinary trading environment that has seemingly become the norm and keeps everybody guessing... For us at present, AR remains a ...more  
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