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Nighthawk Gold Corp. T.NHK.W


Primary Symbol: T.NHK

Metals & Mining Industrial Metals & Minerals
"Nighthawk Gold Corp is a Canadian based junior resource company. It is engaged in the identification, acquisition, exploration, and evaluation of gold properties. The company is focused on Indin lake gold property. Its significant project consists of Colomac gold project which is located within the Indin Lake greenstone belt and is surrounded by company's existing Indin lake gold property in the northwest territories, from Aboriginal Affairs and Northern Development Canada. The company has comp


TSX:NHK - Post by User

Nighthawk Gold Corp.
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Post by tony1969on May 14, 2022 8:54am
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Post# 34683752

I expect a reversal upward in gold once the DXY.....

I expect a reversal upward in gold once the DXY.....or the Us dolllar index starts coming back to earth. It has been on a historic tear for months now. This is why gold has been struggling lately. Gold could honestly be lower considering the massive spike in the DXY. Yet is has somehow held above $1800 US. Aside from the decline in all equity markets take a look at the chart below on the US dollar. It has ALWAYS been inversely correlated to gold. When the dollar declines from its current over 20 year high (it is overdue for a decline) gold will resume its uptrend. This has been a historic spike in the DXY and spikes do not last forever and can correct sharply at any point. The cracks are already beginning to be seen in the US housing and auto market. This is only the beginnig of the slowdown that will only be hastened by (our always behind the curve) the FED hiking into an econmic slowdown when they should have started hiking a quarter point per meeting since early 2021. Check out this spike in the DXY....Scroll down to see it...It is amazing how fast it has spiked... https://www.dailyfx.com/us-dollar-index
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