Sabre Gold Mines Corp (SGLDF)

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https://www.stockhouse.com/companies/bullboard/t.ker/kerr-mines-inc?postid=26396978

Gold Prices Mark UK's Brexit Vote Anniversary +16% in Sterling, Lower in Dollars

Friday, 6/23/2017 14:16
GOLD PRICES on Friday marked the first anniversary of Britain's referendum vote to leave the European Union by trading 0.7% lower from 23 June 2016 in Dollars, 1.1% higher in Euros, and 16.0% higher against the British Pound.

European stock markets extended this week's drop as gold prices pushed $5 higher from last Friday to $1258.75 per ounce.

That helding the MSCI World Index near unchanged for this month so far but 15.2% higher in US Dollar terms from the day of the UK's Brexit vote.

London's FTSE100 index has risen 17.0% in Sterling terms since what leading anti-EU politician and campaigner Nigel Farage called "the UK's independence day... a victory for real people", but it has only gained 1.9% in non-Sterling terms after accounting for the Pound's crash on the currency market.

The gold spot price in Sterling rose 0.8% on Friday from this time last week, trading above £988 per ounce.

Gold fixed the afternoon of 23 June 2016 at £851.57, hitting a 3-year peak at £1069 two weeks later.
https://www.bullionvault.com/gold-news/gold-prices-brexit-062320172

Despite both the expectation and the reality on the ground of higher interest rates in the U.S., the dollar has not responded with a fresh rally. In fact, the greenback was down 0.2% on the DXY index this morning, falling to 97.4. Beyond defying normal economic logic, the lack of a positive response from the USD could be indicative of a larger shift in policy by the government regarding the currency. In the past, the U.S. has stood hard and fast behind the notion of a “strong dollar policy,” generally promoting a stronger currency at the expense of greater exports and overseas profits. President Trump has tacitly indicated he’s more open to a weaker currency if that’s what generates the best results for the economy.

oil-rig
Another reason the lack of a rally for the dollar is a bit surprising is because the crude oil market has largely gone the opposite direction in recent weeks. The preservation of production cuts by Russia and OPEC member nations helped crude prices edge higher this morning, although WTI crude remains stuck below $43 per barrel. Meanwhile, Brent crude was modestly above $45/bbl. Given the fundamentals in place—an oversupply of crude and ever-greater alternative energy options—many are characterizing oil’s mini-rally as merely a “dead cat bounce,” or just a momentary reprieve that doesn’t change the overall downtrend.

http://blog.gainesvillecoins.com/2017/06/23/gold-price-higher-weaker-dollar/