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American Creek Resources Ltd V.AMK

Alternate Symbol(s):  ACKRF

American Creek Resources Ltd. is a Canada-based junior mineral exploration company, which is engaged in the acquisition and exploration of mineral properties, principally for precious metal deposits. The Company’s projects include Treaty Creek and Austruck-Bonanza. The Treaty Creek Project covers approximately 114 square km in the Skeena Mining District of northern British Columbia and is situated approximately 70 km north of Stewart. The Austruck-Bonanza Property is located within the Kamloops Mining Division 53 kilometers north-west of the city of Kamloops in south central British Columbia. The Austruck-Bonanza Property is underlain by Devonian to Triassic Harper Ranch formation comprised of fine grade sedimentary rocks including mudstone and shale and includes basaltic volcanics. The Company holds 100% interest in the Austruck-Bonanza Property and 20% interest in the Treaty Creek project.


TSXV:AMK - Post by User

Comment by FastTradeon Sep 04, 2022 11:48am
120 Views
Post# 34940785

RE:RE:RE:RE:Gold

RE:RE:RE:RE:Gold
Its no secret that inflation is a nemesis to bond prices but inflation is good for gold.
Rising interest rates are also a nemesis to bond prices.
Rising interest rates are used to fight inflation.
So if rising interest rates are a nemesis to inflation why wouldn't bond prices be rising along with gold prices instead of going down.
Seems quite contradictory, but wait just a moment-

This has been my whole point from day 1 here. The FED hasn't got interest rates going anywhere near high enough to actually fight inflation, but a duped public believes in the FED...until they don't, but currently they do in that the FED is fighting inflation.
In all reality, they actually aren't.
Its why inflation stays high. Not near great enough interest rate increases, but in effect, they're really only keeping inflation up there and even rising because rates aren't up there enough to really fight it off.
This is why the bond market which should be improving isn't. Rising rates just as they are, are doing it harm, nonetheless even with not near high enough rate hikes to kill inflation to reverse the bond market.

The POG will continue down lower along this trail of confusion until this investor public finally can see with their own eyes the Fed will not get inflation under control.

This is where Kitco misses the big picture here.

The Fed won't get inflation in check with more rampant government spending that's coming they will be forced to monetize. And the pivot is coming sooner than most think regardless of Fed hawkishness of late.

The pivot, investor realization the Fed won't/can't beat inflation and the timing go hand in hand with where gold is really going in the short and lonfg run.

I would think the breaking point at the time of the pivot coming sooner rather than later could see gold possibly hovering around the mid $1600 dollar mark when it does.

The Fed isn't near as tough as they make themselves out to be, or what the duped masses think of them currently.
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