American Creek Resources Ltd V.AMK

Gold price.......

[catchdawave2020]

I know alot of people ar freaking out about the price of gold, but you have to look at what is really going on. The fundimentals for gold are even stronger then they were a few weeks ago, but what you have to remember is that the bullion banks are/were heavily short both gold and silver. They need to cover!! They are using every excuse, every news outlet to drop the price. They know that once the stimulas bill get past it will move the markets even higher. 




If you can add, add as much as you can!! its only going to get better :)

[alpha74]

Why is the gold price currently under pressure? Nominal interest rates have risen because there are expectations of rising inflation. The decisive factor, however, is real interest rates. They have a very high negative correlation with gold. Inflation rates are lagging. But I think they will rise soon, and more than nominal interest rates. This would mean that real interest rates would remain

[catchdawave2020]

Agreed.....   by looking at the charts back in August you can clearly see rates and gold price changed direction. I guess that I didn't articulate that very well. What I am saying is that the gold price decline will be over exaggerated due to the bullion banks exessive short postions, which has no real refection on the fundimentals of the gold market. My expectations are a drop down to

[paydirtontario]

Mid sixteen hundreds is what I've heard from multiple sources (before it runs). 

[rusty111]

Down comes gold  1600's  Let the games begin 

[CharlieWaffles]

I'm not quite ready to make a call but either the bottom on the entire market gets yanked or it's going to be a "Buy everything" moment. Let it unfold. 

[fordster]

Waffles....everyone here knows I don't know much about business and miners etc. But I inherited my father Alliance membership for investment advice which I read when things happen...As I understand it, they had better start dropping the rates or they will destroy the market. The beautiful thing is no mater what happens, the final solution is gold. I have learned one thing: don't be

[CharlieWaffles]

Hey Fodster. No haven't decided yet. I am still thinking that we get a pullback across the board but maybe we don't. Doesn't sound like much of an answer but it's what it is. So at the moment I'm still buying puts on the IWM and a few others.    Over the last few months I've been selling and raising cash. Selling hasn't been easy because most of my

[fordster]

They had nullified my AMK shares so my balance was way way low...(it was very psychologically disturbing) I was estimating total balance as POG was dropping and wasn't sure. Man, when they showed up I was ecstatic to see I wasn't doing too bad after all.....and now we can alll add Stinger on top of it....we all are going to do ok. Waffles how I wish I had yours (and others on this boards)

[CharlieWaffles]

33 reference point 15M MCAP