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Bullboard - Stock Discussion Forum American Creek Resources Ltd V.AMK

Alternate Symbol(s):  ACKRF

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

TSXV:AMK - Post Discussion

American Creek Resources Ltd > We are witnessing the forerunner to gold's breakout
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Post by FastTrade on Jan 09, 2023 9:45am

We are witnessing the forerunner to gold's breakout

The past few months has seen gold rise off of a yearly low by over $250us as the dollar has slid downward on the Fed's stance of continuing the inflation fight path they are on.
That combined with countries around the world stockpiling gold along with smart money / early investors filing in purchasing gold.
It just hasn't led to a real breakout other than to a precursor early bird investors know is coming .
Wait for it and prepare, the breakout of retail investors to come storming in buying gold hasn't been unleashed yet.
The Fed holds the strings to that unleashing  and will send the masses into a gold buying frenzy when they are forced to pivot and reverse course.
.
The Fed will eventually pivot and maybe sooner rather than later, to infuse new life (monetization) into this imploding economy giving up all inflation battle efforts.
Then its game onl with the coming real POG breakout.

The masses that will spur on the panic buying are still under the Fed's spell following their every move and  living by their every word.
The Fed is going to lose face with john q public in a big way.
Comment by FastTrade on Jan 09, 2023 10:07am
I must add on to where i forgot to in my previous post with regard to the Fed's stance on fighting inflation, that it is nonetheless a softening but continuing stance on inflation policy causing the drop in the dollar and gold's rise
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