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When the dollar strengthens, the usual suspects, like safe haven assets like gold and silver, suffer from selloffs, and that is what happened on October 14. Although an economic stimulus was announced in China, a country that is the biggest consumer of gold in the world, there was no notable rally in the price of the yellow metal.
Investor confidence remained muted, and that was possibly owing to the rally in the United States dollar, which hit its highest levels in two months. In this situation, it should be noted that it may be a good time to consider taking a look into those companies that are involved in the production of gold.
A company that could be of interest at this point in time is Clifton Mining Company (OTC:CFTN), which is one of the noted operators in the production of gold. However, that is not all. The company is also involved in the production of lead and silver.
It had been established back in 1993, and since then, it went through considerable growth to emerge as one of the major American players in the gold exploration space. It produces the minerals at its property, which spans across an area of more than 14,000 acres and is located on the border of Utah and Nevada.