Roxgold Inc. T.ROXG

Metals & Mining Industrial Metals & Minerals

Roxgold Inc is a Canadian gold mining company. It is engaged in acquiring and exploring mineral properties. The company has two reportable segments; Mining operations and Exploration and evaluation of mineral properties, located in Burkina Faso. Its key asset is the Yaramoko Gold Mine, located in the Hounde greenstone belt of Burkina Faso, West Africa, and Seguela Gold Project located in Cote d'Ivoire, West Africa. The company's primary income is derived from the sale of gold.

TSX:ROXG - Post by User

Roxgold Inc.

Bullboard Posts

Post by Invest4Life2016on Dec 01, 2016 1:37pm

122 Views

Post# 25541632

U.S. Dollar in it's 3rd Bull Run Since the 80's!

A strong U.S. Dollar index of 1.10 extinguished the last significant gold bull run. Once the dollar broke 1.00 it only took two months to break 1.10 which sent gold to it's knees and kept it there for 3.5 years as the dollar peaked to 1.64. I know it seems far fetched for now but these are the times we live in so the game must go on to instill confidence that economics are improving to prosperity for all. What better way than markets breaking new highs along with the U.S. Dollar while gold is left laying on a floor where it won't pose a threat for some time.

User image