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KLONDEX MINES LTD. T.KDX

"Klondex Mines Ltd is a gold and silver producer engaged in exploration, development, and production of its properties. The company has interests in three mineral properties: the Fire Creek Mine, and the Midas Mine and ore milling facility, both of which are located in the state of Nevada, USA, and the True North Gold Mine (formerly the Rice Lake Mine) and mill in Manitoba, Canada. The revenue of the company is generated from the sale of gold and silver."


TSX:KDX - Post by User

Post by diceroll777on Nov 19, 2017 10:49am
137 Views
Post# 26991823

Gold prices

Gold pricesI’m not sure how you see lower gold prices. The dollar/euro exchange now sits at 1.17. This is a high for the last several months. When it hit this number, gold popped Friday. The EU has increased GDP to 2.2% from 1.7% in last week. The US stock market is going through ebb and flow with taxes being counted on to be a stimulus. While the house passed a tax bill and stocks got a lift, they will just as surely retreat this week as a senate bogs down and demonstrates at best, reform might come in early 2018. It means that stocks in the US will be choppy the upcoming week and likely go down through Dec. conversely, the EU comes out with their interest and stimulus policy this week which will likely show a normalization which will cause the euro to further go up in the exchange rate. This makes the price of gold to go up further. I just don’t see the pessimism.
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