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....
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(Kitco News) – Gold and silver prices are are solidly up in midday U.S. trading Tuesday, boosted by short covering in the futures market and perceived value buying in the cash market. A rally in the crude oil market after Monday selling pressure and a weaker U.S. dollar index today are bullish "outside market" forces working […]
Recommended Read Worst quarter in over 4 years: Can gold price turn it around? On top of that, the U.S. dollar remains "the only game in town," Melek said, which is a problem for gold.The U.S. Treasury yields could back off a bit in Q2, noted RJO Futures senior commodities broker Daniel Pavilonis, who is […]
