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American Creek Resources Ltd V.AMK

Alternate Symbol(s):  ACKRF

Metals & Mining Industrial Metals & Minerals
American Creek Resources Ltd. is a Canada-based junior mineral exploration company, which is engaged in the acquisition and exploration of mineral properties, principally for precious metal deposits. The Company’s projects include Treaty Creek and Austruck-Bonanza. The Treaty Creek Project covers approximately 114 square km in the Skeena Mining District of northern British Columbia and is situated approximately 70 km north of Stewart. The Austruck-Bonanza Property is located within the Kamloops Mining Division 53 kilometers north-west of the city of Kamloops in south central British Columbia. The Austruck-Bonanza Property is underlain by Devonian to Triassic Harper Ranch formation comprised of fine grade sedimentary rocks including mudstone and shale and includes basaltic volcanics. The Company holds 100% interest in the Austruck-Bonanza Property and 20% interest in the Treaty Creek project.


TSXV:AMK - Post by User

American Creek Resources Ltd > Crypto’s surging
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Comment by Larry60on Nov 06, 2024 9:40am
44 Views
Post# 36298588

RE:RE:Crypto’s surging

RE:RE:Crypto’s surgingGold down for a few reasons:

1) Certainty.  The election was a clear and immediate victory for trump so fears of uncertainty are no longer with us.

2) USD:  US dollar index surged almost 2% which makes gold more expensive.........those currencies hurt the most are the ones who are buying gold the most.

3)  Lift in US equityies and Crypto.  Money moving into US equities (see 1 above) and Trump is a cypro supporter as well which has led to fund flows into major cryptos.....at expense of gold..........

4) Expectation of continued strenght in USD due to Trump policies and potentially a shrinking US trade deficit....

all imho........

garzillalives wrote: Gold drops because people preceive the world will be a safer place with Trump in office. Gold goes up and down based on confidence in government and war more than anything else.


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