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IAMGOLD Corp T.IMG

Alternate Symbol(s):  IAG

IAMGOLD Corporation is a Canada-based intermediate gold producer and developer. Its principal activities are the exploration, development, and operation of gold mining properties in North America and West Africa. Its projects include Essakane, Westwood and Cote Gold. The Essakane project is in north-eastern Burkina Faso, West Africa. It straddles the boundary of the Oudalan and Seno provinces in the Sahel region of Burkina Faso and is approximately 330 kilometers (km) northeast of the capital, Ouagadougou. The Westwood Project is located on the Doyon property, 2.5 km east of the former Doyon Gold Mine in Bousquet Township. The Cote Gold Project is in the Chester and Yeo Townships, District of Sudbury, in northeastern Ontario. It owns a 100% interest in the Nelligan Gold Project, located 60Km southwest of Chibougamau. It holds claims of Nelligan, as well as other earlier stage exploration properties in Northern Quebec. It also owns Rich Lake and Lac a l’Eau Jaune (gold) properties.


TSX:IMG - Post by User

Bullboard Posts
Post by kbradleyon Dec 28, 2014 9:23am
275 Views
Post# 23267282

U.S. dollar and Price of Gold

U.S. dollar and Price of GoldAfter listening to a quick cnbc debate on gold going higher vs lower; I can't help but reach out and ask if the only reason gold is going lower is because the US dollar is going higher??? 1/What about physical demand? 2/US debt...for some reason I never hear about any comparison to the debt and the countries ability to repay. 3/Political tensions escalating i.e Russia. 4/Repatriation of gold to Germany. 5/Reluctance to do an inventory of Fort Knox. 6/Top 1% own all the wealth and this trend is accelerating. 7/True unemployment rate in the US. 8/Spain, Italy etc all roke broke. 9/Japan...never mind. 10/Libor fraud, manipulating markets 11/Comex implementing a 5 min freeze on the markets if gold goes up more than a $100....not if it goes down? There are so many arguments to support the price of gold rising....only one I hear of for it to go lower and that is the US dollar. What happens if there is no more gold in the vaults of the US and they have to somehow confirm they have been manipulating the world markets for ever?
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