Stroud Resources Ltd. is a Canadian public company listed on the TSX Venture Exchange, trading under the symbol “SDR”. Stroud’s mission is to create shareholder value through the exploration and discovery of precious metal deposits. It has previously focused on an easily accessible, epithermal gold and silver projects in Mexico and Archean gold deposits in Canada.
We do need that final push above the $1,380 level…
Projections say that gold will be ready to rally soon.
CNBC reported, "The charts are setting up for a bullish move that could take the yellow metal sharply higher, said Miller Tabak equity strategist Matt Maley Wednesday on CNBC's 'Trading Nation.'"
Watch for a potential breaking point at $1380. Strategists say that if gold rises above that then the long-term trend has changed and it could keep going up.
"We do need that final push above the $1,380 level before we can really pound the table and say the bear market in gold is over," he said.The GLD gold trust ETF rallied 8 percent in the fourth quarter as the S&P 500 plummeted 14 percent....
Gold tumbled below $1,700 on Thursday as Federal Reserve Chair Jerome Powell continued to stress that inflation is not a concern while ignoring questions about rising bond yields. Recommended Read This is when gold price reverses: Goehring & Rozencwajg on $15K gold Gold tumbled below $1,700 on Thursday as Federal Reserve Chair Jerome Powell continued […]
Despite profit taking by futures, gold moves back onto more stable uptrend. As inflation concerns abate a bit, investors see June as bullish. Recommended Read Gold Sees Normal Downside Correction in Existing Price Uptrend Gold Sees Normal Downside Correction in Existing Price Uptrend. Despite profit taking by futures, gold moves back onto more stable uptrend. […]
While BC’s Golden Triangle and the Red Lake District in Ontario have delivered over the years, Canada’s Abitibi Greenstone Belt may be the biggest of all. Stretching from eastern Ontario through central Quebec, the Abitibi has seen the startup of as many as 124 mines since 1901. Recommended Read Canada’s Gold Exploration Frontier: The Abitibi […]
