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Bullboard - Stock Discussion Forum Kirkland Lake Gold Ltd. T.KL

Kirkland Lake Gold Ltd is a Canada-based gold mining, development, and exploration company with a diversified portfolio of exploration projects. The production profile of the company includes the Macassa mine complex located in northeastern Ontario and the Fosterville gold mine located in the State of Victoria, Australia. Also, the company owns the Holt mine and the Detour mine. The company's... see more

TSX:KL - Post Discussion

Kirkland Lake Gold Ltd. > Something wrong in the state of..................
View:
Post by fishcarrier on Jan 08, 2021 11:07am

Something wrong in the state of..................

The sudden drop in the POG is irrational. So, someone or two are playing games. This will bounce back. Look at it as an opportunity to stock up. If next week POG bounces back, we'll make a nifty 5% in a week. Hard to beat. GLTA
Comment by JRafflesUK on Jan 08, 2021 12:11pm
The rationality per the Kitco article below, is that 10 Year T-Bond interest rates have risen fractionally above 1%. However, the commentary also adds that rising yeilds are a harbinger of inflation - good for gold.  https://www.kitco.com/news/2021-01-08/Metals-traders-keep-a-very-close-eye-on-U-S-Treasury-yields.html   A feature in the marketplace this first week of the trading year ...more  
Comment by BasesAreLoaded on Jan 08, 2021 1:23pm
This post has been removed in accordance with Community Policy
Comment by Whistler1122 on Jan 08, 2021 1:46pm
yes, its all BS, because nothing ever Ceteris Paribus!
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