American Creek Resources Ltd V.AMK

Alternate Symbol(s): ACKRF

Metals & Mining Industrial Metals & Minerals

American Creek Resources Ltd. is a Canada-based junior mineral exploration company, which is engaged in the acquisition and exploration of mineral properties, principally for precious metal deposits. The Company’s projects include Treaty Creek and Austruck-Bonanza. The Treaty Creek Project covers approximately 114 square km in the Skeena Mining District of northern British Columbia and is situated approximately 70 km north of Stewart. The Austruck-Bonanza Property is located within the Kamloops Mining Division 53 kilometers north-west of the city of Kamloops in south central British Columbia. The Austruck-Bonanza Property is underlain by Devonian to Triassic Harper Ranch formation comprised of fine grade sedimentary rocks including mudstone and shale and includes basaltic volcanics. The Company holds 100% interest in the Austruck-Bonanza Property and 20% interest in the Treaty Creek project.

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American Creek Resources Ltd > Gold Technicals........

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Comment by Stockmoves1on Oct 20, 2022 10:19am

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Post# 35036074

RE:RE:RE:RE:RE:Gold Technicals........

This one paragraph alone helps one understand why Gold is beat up. Currently in spite of the FEAR in the markets... with the US dollar up 20% this year not a wonder Gold is taking a beating.. When this trend reverses we know what happens.. The question is when??

How Trends in the USD Affect the Price of Gold

Since gold is quoted in USD/ounce, it should be logical that dollar strength or weakness will affect gold prices. In particular:

Gold prices tend to increase when the USD gets sold. That is because, in relative terms, Gold becomes more expensive.
Gold prices tend to decrease when the USD gets bought. That is because, in relative terms, Gold becomes cheaper.

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