Bullboard - Stock Discussion Forum American Creek Resources Ltd ACKRF

Primary Symbol: V.AMK

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... see more

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TSXV:AMK - Post Discussion

American Creek Resources Ltd > How the world has changed

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Post by NineLives on Nov 12, 2024 9:31am

How the world has changed

JP Morgan supporting the Gold trade !!

That was a good gap fill and needed. Anything over $2.400 is a big profit maker for producers. Any large deposit will attract majors, and also remember with the weakness in the C$ this take over by Cunningham gets cheaper every day seeing as how the token is listed in USD.

"The swift move lower in gold post-election ran counter to our strategists’ expectations, however, they think the sell-off is a stumble not a sea change," analysts at JPMorgan Chase (NYSE:JPM) said in a note.

"Furthermore, the sell-off was more driven by near-term position squaring in a well subscribed pre-election trade rather than a break in their thesis that a Republican sweep of government will likely continue to fuel further upside for gold in 2025 as the debasement trade rumbles on."

Don't let these annoying posters get to you, AMK is still a 69% gain from here. Everything has to run it's course. I'm content with my holdings and have voted yes.