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Gold Mountain Mining Corp T.GMTN

Alternate Symbol(s):  GMTNF

Gold Mountain Mining Corp. is a Canada-based gold and silver exploration and development company. The Company is focused on resource expansion at the Elk Gold Project, a producing mine located approximately 57 kilometers (km) from Merritt in South Central British Columbia. The Company considers itself to operate in a single segment, being the production of crushed ore, containing both gold and silver, mineral exploration, and development of precious metal resources. The Elk Mine is in south central British Columbia, Canada, approximately 325-km northeast of Vancouver and 55-km west of Okanagan Lake, midway between the cities of Merritt and West Kelowna and hosts a number of known mineralized zones which the Company continues to investigate, develop, and mine. The project consists of approximately 32 contiguous mineral claims covering 22,152-hectare (ha) and two mining leases covering 646-ha.


TSX:GMTN - Post by User

Post by GoldenPolarBearon Mar 27, 2024 5:33pm
84 Views
Post# 35956644

Agreed 100% Jim Wyckoff and as for …

Agreed 100% Jim Wyckoff and as for …

"... (Kitco News) - Gold prices are posting double-digit gains in midday U.S. trading Wednesday, supported by a fully bullish technical posture that is prompting chart-based speculators to play the long side of the market. Silver prices are slightly up. April gold was last up $13.80 at $2,191.10. May silver was last up $0.087 at $24.71.

It was a quieter trading affair at mid-week. However, it’s a very busy U.S. data release schedule Thursday, including U.S. Q4 GDP data as well as a major USDA crop planting intentions report. U.S. markets are closed Friday for the Good Friday holiday but personal income and outlays, including PCE inflation data, will be released that day. ..." Agreed Jim Wyckoff


https://www.kitco.com/news/article/2024-03-27/gold-sees-decent-gains-technical-buying

"... 
Indeed, investors are turning to the safety of gold in large numbers, driving its price to an all-time high of $2,125.89 this past December. That mark was surpassed earlier this month with gold trading at $2,160 per troy ounce, and most recently, gold's price hit $2,170.16 on March 22.

Investors considering the precious metal, then, would be served by understanding where the price of gold could be heading. Below, we'll  take a closer look at what's behind gold's rising price trend and just how high the price of gold will go...."


https://www.cbsnews.com/news/how-high-will-the-price-of-gold-go-heres-what-some-experts-think/
 

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