Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Sitka Gold Corp V.SIG

Alternate Symbol(s):  SITKF

Sitka Gold Corp. is a Canada-based mineral exploration company. The Company’s projects include RC Gold, Alpha Gold, Coppermine River, Burro Creek and OGI. The RC Gold Project, comprised of the RC Gold, Mahtin, Clear Creek and Barney Ridge properties, is a district-scale, contiguous land package of 1,891 claims covering approximately 376 square kilometers. The Alpha Gold Property is located along the southeast projection of the prolific Cortez Gold Trend in Eureka County, approximately 135 kilometers (km) southwest of Elko, Nevada. The property is comprised of 239 contiguous claims covering an area of approximately 4,780 acres and is accessible via a dirt road, approximately two km west of Nevada State Highway 278. The Burro Creek Gold Project is located 105 km by road southeast of Kingman, Arizona, in southeastern Mohave County, approximately 265 km southeast of Las Vegas, Nevada and 200 km northwest of Phoenix, Arizona. The OGI Property consists of 99 quartz mining claims.


TSXV:SIG - Post by User

Comment by givemeabreak1on May 15, 2021 4:39pm
77 Views
Post# 33210354

RE:RE:RE:Late Spring Early Summer Buying Opportunty!

RE:RE:RE:Late Spring Early Summer Buying Opportunty!I am not so sure the crypto thing will have any affect on gold!  However, Basel III goes into affect end of next month for gold.  It will move gold from a tier 3 asset to a tier 1!  So right now banks can only count physical gold as 50% as far as cash on hand for lending purposes.  So there is no incentive to hold physical gold.  When B3 takes affect the banksters will be able to count 100% of Physical Gold value.  This should reduce paper demand and increase the Physical demand.  In theory is should make manipulation more difficult.  Some institutions see a gradual increase of $200 to $500 an ounce when this goes into affect!
<< Previous
Bullboard Posts
Next >>