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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 > Crypto’s surging
View:
Post by NineLives on Nov 06, 2024 2:13am

Crypto’s surging

And Gold dropping as the 10 year trades with a higher yield as fears a possible new government with tariffs on their mind will dramatically increase inflation. This will make the FEDS push for lower rates a little more difficult.

Looking at the crypto list everything is being bid up, this will make Cunningham sales that much easier. So AMK will continue it's bull run while other Gold exploration stocks might drop. Can investing get anymore confusing ?
Comment by Larry60 on Nov 06, 2024 9:15am
bitter sweet victory.................luv the outcome, but short term impact on gold not so much!!!!!! Crypto is surging.  But will have little to NO impact on CUnninghsam raising $$$$$ for AMK...... When all is said and done, if Cunninghsam raises 1 or 2% of the pruchase price, that will be a big win!!!!  For Cunninghsam who gets the $$$$$.  For AMK holders, imho, it will mean ...more  
Comment by garzillalives on Nov 06, 2024 9:27am
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.
Comment by Larry60 on Nov 06, 2024 9:40am
Gold 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 ...more  
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