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

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Nighthawk Gold Corp.

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Post by tony1969on Jul 09, 2023 7:35pm

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Post# 35532983

Gold...

 					 A MAIN POINT that I stressed maybe a week or so ago is that gold has been in roughly a $300 US dollar trading range ($1750 to $2050) for exactly 2 years now. Pull up a chart. Why is this good? I think it is great as it has held up remarkably well in the face of 5% in rate hikes and a very strong dollar during the past year and a half or so. Both a strong USD and rising US rates are two of the worst things that can happen to gold in dollar terms. Yet here we are well above $1925 US. The starting point for the next rally is the highest it has ever been for gold and having survived and even thrived in the environment I mentioned above only gives me more confidence that the metal can rip higher when the USD and interest rates start to fade later this year. Agree?