Sage Gold Inc SGGDF

RE..CAD GOLD 1590

[cueball40]

i sold my gold stocks weeks ago as gold failed to hit 1300.00 U.S. an oz.  this comes after YELLEN  announced 4 more rate hikes  coming  this year. bottom line they are kicking the heck out of gold and they can get  away  with it. today price of Gold hit 1220.00 an oz. Support is broken ..look to see Gold back umder 1200.00 soon as U.S. FED is doing anything they  want.. even th U.S. dollar is weak n pathetic. for now im outta gold and will wait for cheaper enrty price as GOLD  nowadays is been taken to  the woodshed

[snowtigerrr]

We'll see what happens but there has been positive correlation between gold prices and Fed rate hikes historically due to inflation under periods of economic growth. Now both US and Canadian central banks are slowly raising rates. US economy is way bigger and more diversified so rate hikes there are more believable/manageable. With oil prices in the toilet and sky high credit/housing markets