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Signal Gold Inc. T.SGNL

Alternate Symbol(s):  SGNLF

Signal Gold Inc. is focused on gold mining, development, and exploration company in the top-tier Canadian mining jurisdictions of Nova Scotia & Newfoundland. The Company is advancing the Goldboro Gold Project in Nova Scotia, a significant growth project subject to a positive Feasibility Study. Signal Gold also operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully permitted Pine Cove Mill, tailings facility and deep-water port.


TSX:SGNL - Post by User

Comment by NLMooseon Aug 11, 2020 8:42am
74 Views
Post# 31391599

RE:Gold Price Down To 1975$

RE:Gold Price Down To 1975$

Since Gold is down for no legitimate reason as the economy is still at Depression levels in USA with an annual 33% Real GDP decline, meaning a Real GDP decline at least 10% in a short period of time, and the country is getting close to having 2% of its population being infected, and there's no incentive to save as interest rates are zero, I think that investors are wrong to sell Gold at "Steroid Like" levels.

Mathematically and Financially speaking, Comex Gold Futures should still increase to $2,500 US and then settle, not experience three days in a row of declines.
 

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