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Western Copper and Gold Corp T.WRN

Alternate Symbol(s):  WRN

Western Copper and Gold Corporation is a Canada-based mining company. The Company is engaged in developing the Casino Project. The Casino Project is a copper-gold mining project in Yukon, Canada. The Casino porphyry copper-gold-molybdenum deposit is located in west central Yukon, in the northwest trending Dawson Range mountains, approximately 300 kilometers (km) northwest of the territorial capital of Whitehorse. The Casino project is located on Crown land administered by the Yukon Government and is within the Selkirk First Nation traditional territory and the Tr’ondek Hwechin traditional territory lies to the north. The Casino Property lies within the Whitehorse Mining District and consists of approximately 1,136 full and partial Quartz Claims and 55 Placer Claims acquired in accordance with the Yukon Quartz Mining Act. The total area covered by Casino Quartz Claims is approximately 21,126.02 hectares (ha). The total area covered by Casino Placer Claims is 490.34 ha.


TSX:WRN - Post by User

Post by Marine2on Mar 03, 2024 8:28am
171 Views
Post# 35911819

Gold @ $2,250 US this year ??

Gold @ $2,250 US this year ??If gold goes to $,2,250 this year and $2,500 next year, could Coffee and Casino make this area more of a gold play ?

We may see a $5.00 / $6.00 buyout this year just because of the gold content !



Gold futures bullish sentiment result in the largest daily gain since October 2023

Kitco Media
By Gary Wagner
 
Published:
Updated:
 
 

Exceptional, phenomenal, amazing, surprising, astounding, and almost beyond belief are only a few of the many words that can be used to describe today’s exceedingly strong upside breakout in gold futures.

Gold opened today at $2052.82 and by the close of Globex at 5:00 PM ET gold futures are up $41. At the close, the most active April gold futures contract is trading at $2095.70, a 2% daily gain. 

Now that gold futures have concluded for the week and the first trading day of March, the only regular break to gold’s 24-hour trading day (excluding holidays) market participants, investors, and traders are all beginning to have a more comprehensive understanding and explanation as to why gold moved 2% in a single day. The difficulty here is that there was no unexpected fundamental report or event that led to such a tremendous price gain in a single day.

There was no single news event, expected data report, or even a black swan event (an unpredictable or unforeseen event, typically one with extreme consequences) that could simply answer this question. What we do know is this large of a move does not occur frequently. 

Today’s gains were the largest daily gain since Friday, October 13. On that day gold futures opened at $1921.70 and closed at $1983.80 and gained approximately $62 in a single day.

So what we must assume is there is a high probability that today’s spike was caused by events that occurred recently that are just beginning to get digested and interpreted in a new light or different way. The one big similarity to last week’s trading range is that Friday’s gain contained the vast majority of the weekly gain. On a weekly basis, gold gained $46.30 which is a 2.26% gain on the week, of which 2% of that gain occurred today. Last week gold gained $25.30 which is a 1.25% gain on the week, of which $18.70 or 92.1% of the gain occurred last Friday, February 23.

 


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