Amarc stock nearly doubles on gold-copper discovery at JOY project in British Columbia
Amarc's CEO called the AuRORA discovery "a significant inflection point" in the exploration of the JOY district with Freeport.
Despite gold has lost more than a quarter of its value this year and looks certain to record its worst performance since 1981, 17 out of 34 gold dealers, investment banks, futures traders, money managers and technical-chart analysts predict gold prices head up next week.
The Kitco News Gold Survey results show 50% of the experts interviewed see gold moving slightly up next week to $1,230.
Short covering and the clearing of hedges may have triggered the modest gold rally, as the year-end draws near.
Comments
Michael Cordell
Careful about the velocity of US Treasurys. The time is not here to call the bottom. Very soon, but be patient.