Sabre Gold Mines Corp T.SGLD

Sabre Gold Mines is almost trading under a dime 🪙 🇺🇸

[GoldenPolarBear]

Sabre Gold Mines Corp is a multi-asset near-term gold producer in North America which holds the fully permitted Copperstone mine located in Arizona, the United States and the Brewery Creek mine located in Yukon, Canada both of which are former gold producers. It operates within the United States and Canada.

$0.124-0.012 | -8.82%Volume: 1,000

USDOTCQB - U.S. REGISTEREDDELAYED PRICEMARKET CLOSEDMAY 22, 2023 11:37 AMEDT

Down 8%+ on merely 1000 shares traded ... Disgusting! 

When will it be trading under a nickel? In June 2023?

https://www.kitco.com/news/2023-05-22/Poland-boosts-its-gold-reserves-by-15-tonnes-biggest-increase-in-nearly-3-years.html

".... 

"Why does the central bank own gold? Because gold will retain its value even when someone cuts off the power to the global financial system," Glapinski told local newspaper. "Of course, we do not assume that this will happen. But as the saying goes - forewarned is always insured. And the central bank is required to be prepared for even the most unfavorable circumstances. That is why we see a special place for gold in our foreign exchange management process."
 

This means that more buying could follow, said BMO Capital Markets managing director Colin Hamilton. "We expect central bank buying to remain robust this year (+596t), an ongoing tailwind for gold prices and sentiment," Hamilton said. 

Central bank gold buying has been one of the driving forces behind higher gold prices this year. ..."