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Bullboard - Stock Discussion Forum Sabre Gold Mines Corp T.SGLD

Alternate Symbol(s):  SGLDF

Sabre Gold Mines Corp. is a Canada-based gold producer in North America. The principal business activities of the Company are focused on exploring and developing the Copperstone Mine (Copperstone) in La Paz County, Arizona, United States. The Company has a 100% leasehold interest in the exploration and development stage Copperstone Project, which encompasses approximately 12,258 acres of... see more

TSX:SGLD - Post Discussion

Sabre Gold Mines Corp > Gold price anchored at $1,800 following 23K drop in U.S. Wee
View:
Post by GoldenPolarBear on Feb 03, 2022 3:52pm

Gold price anchored at $1,800 following 23K drop in U.S. Wee

"

Gold price anchored at $1,800 following 23K drop in U.S. Weekly Jobless Claims"


https://www.kitco.com/news/2022-02-03/gold-price-anchored-at-1-800-following-23K-drop-in-U-S-Weekly-Jobless-Claims.html

"
... The gold market remain anchored around $1,800 an ounce following stronger than expected labor market data as fewer American workers applied for initial unemployment benefits last week.

Thursday, the U.S. Labor Department said that weekly jobless claims fell by 23,000 to 238,000, down from previous week's revised estimate of 261,000 claims.

The data was better than expected with consensus forecasts calling for claims around 245,000...."

Comment by StrikeGold on Feb 03, 2022 4:13pm
This was a lousy stock day for most gold explorers as far as I could tell for some reason.   Seemed to be a lot more sellers than buyers most places.    Like you said gold price steady at 1800 so not sure why. 
Comment by Flopticalcube on Feb 03, 2022 4:25pm
S&P off 2.5% Russell 2K off 2%. Everything got hit.
Comment by easycoder on Feb 03, 2022 6:41pm
When does SGLD NOT get hit?