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Bullboard - Stock Discussion Forum 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... see more

TSXV:SIG - Post Discussion

Sitka Gold Corp > Depends on the currency
View:
Post by stockwatcher7 on Oct 06, 2023 9:23am

Depends on the currency

Comment by givemeabreak1 on Oct 06, 2023 11:46am
Stockwatcher You are taking the statement out of context.  Gold has an inverse relationship to currency generally speaking.  The USD rises the rupee falls so the price of gold in rupees rises.  However, your statement is not incorrect just not valid to the post the way you are thinking. The true affect of currency is actually in the operational cost of a gold mine in the given ...more  
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