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ALX Resources Corp V.AL.P


Primary Symbol: V.AL Alternate Symbol(s):  ALXEF

ALX Resources Corp. is a diversified mineral exploration company engaged in exploring a portfolio of mineral properties in Canada, which include uranium, lithium, nickel-copper-cobalt and gold projects. Its uranium holdings in northern Saskatchewan include 100% interests in the Gibbons Creek Uranium Project, the Sabre Uranium Project, the Bradley Uranium Project, and the Javelin and McKenzie Lake Uranium Projects, a 40% interest in the Black Lake Uranium Project, and others. It also owns 100% interests in the Firebird Nickel Project, the Flying Vee Nickel/Gold and Sceptre Gold projects, Blackbird Project, and can earn up to an 80% interest in the Alligator Lake Gold Project, all located in northern Saskatchewan, Canada. It owns a 50% interest in eight lithium exploration properties, collectively known as the Hydra Lithium Project, located in the James Bay region of northern Quebec, Canada, a 100% interest in the Anchor Lithium Project in Nova Scotia, Canada, and others.


TSXV:AL - Post by User

Bullboard Posts
Post by InvestorOon Nov 06, 2016 9:29am
85 Views
Post# 25429497

This Study Puts Gold Price at $1,850 with Trump Win

This Study Puts Gold Price at $1,850 with Trump Win

On Friday, gold had another rough day as a stronger US dollar and a rise on stock markets already around record highs diminish appetite for the hard asset.

Gold futures in New York for delivery in August, the most active contract, fell to a low of $1,319.40 in early trade before regaining some lost ground at the close. Two weeks ago gold closed at a two-year high of $1,368.

Year to date the metal remains higher by 24% or some $270 an ounce, the best annual performance in decades.

Georgette Boele of ABN Amro in a new research note charts gold movements during US presidencies going back to Gerald Ford 1974–1977 term to ascertain the possible impact on the price during a Hillary Clinton or Donal Trump presidency.

Boele says during the 1980s and 1990s, gold was first and foremost regarded as a hedge against inflation and during the Presidencies of Ford, Carter, Reagan I, Reagan II, George Bush and Clinton I, the consumer price index and gold prices moved in the same direction.

During Bill Clinton's second term however as inflation fears eased other factors began to influence the gold price to a greater extent according to the report. Several factors including a fiscal surplus in the US, a rise in US yields and a stronger dollar resulted in a 26% fall in the price of gold during Clinton II.

Mining.com

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