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Skeena Resources Ltd T.SKE

Alternate Symbol(s):  SKE

Metals & Mining Industrial Metals & Minerals
Skeena Resources Limited is a precious metals developer that is focused on advancing the Eskay Creek Gold-Silver Project, a past producing mine located in the Golden Triangle in British Columbia, Canada. Eskay Creek represents one of the highest-grade and lowest cost open-pit precious metals mines in the world, with substantial silver by-product production. It also owns the past-producing Snip gold mine (Snip). In addition to Eskay Creek and Snip, the Company also owns several exploration stage mineral properties in the Golden Triangle and Liard Mining Division of British Columbia. Its 100%-owned Eskay Creek Project is a high-grade volcanogenic massive sulphide (VMS) deposit. The Snip mine consists of one mining lease and eight mineral claims totaling approximately 4,546 hectares (ha) in the Liard Mining Division. It has staked a 74,633-ha Hoodoo Project, located approximately 65 kilometers northwest of Eskay Creek. It also has interests in KSP property.


TSX:SKE - Post by User

Skeena Resources Ltd > Former ECB head admits it's game over....
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Comment by AlwaysLong683on Nov 11, 2023 3:25am
90 Views
Post# 35729903

RE:RE:Former ECB head admits it's game over....

RE:RE:Former ECB head admits it's game over....
AlwaysLong683 wrote: ECB is next to irrelevant re. the price of gold.

It begins and ends with the USD and thus the FED. Gold is priced in USDs world-wide, so as long as the USD remains strong relative to other currencies, the price of gold won't do much as it will cost more Euros / Yen / Pounds Sterling, etc. to buy an ounce of gold at the same USD price. Higher prices in the local currency = less demand..

Also, are people forgetting that US total debt has been climbing at a rapid pace since 2008 and so has [url=https://www.google.com/finance/quote/.INX:INDEXSP?sa=X&sqi=2&ved=2ahUKEwjb7qvhwLuCAxVQAHkGHXdyBv8Q3ecFegQIKBAX&window=MAX]the S&P 500[/url]...?

Sure, the price of gold could jump much higher than its all-time high of $2,075 and maintain that higher price over the next 12 months, but I think it's just as likely that it doesn't.


S&P 500 link corrected:

...and so has [url=https://www.google.com/finance/quote/.INX:INDEXSP?sa=X&sqi=2&ved=2ahUKEwjb7qvhwLuCAxVQAHkGHXdyBv8Q3ecFegQIKBAX&window=MAX]the S&P 500.[/url]
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