Sage Gold Inc SGGDF

BoC Rate Hike

[snowtigerrr]

Could be the seeds of a bottom reversal forming soon in CAD gold after the Bank of Canada raised its overnight rate today. Gold has taken a beating while the dollar has been rising over the last month in the wake of allegedly strong economic performance but gold historically performs well in a hawkish monetary environment. 

Meanwhile, SGX is building a firm support base in a slow and steady uptrend in the buildup to production with new oversubscribed financing achieved at $0.24, very bullish endorsement imo. Cashed up with multiple near term catalysts on the horizon including fresh underground drill assays, 3rd Cartesian tranche, upgraded resource estimate, pre-feasability, PEA, production etc.

It's been awhile since we've had non-finance related update but news on some of these fronts should spark a breakout over previous highs imo.