Gold - a skipjack
At the end of March, the price of gold was at a low of US$1,678 per troy ounce. In any case, a higher US dollar and rising yields on US government bonds were to blame. But now it seems to be in a recovery phase and is trading significantly higher. The price correction began back in August 2020, and the bottom may now have been reached. Buying opportunities may be best used now, because the downward trend that began last August is still active. What investors need, but what is also rewarded, is a healthy amount of patience.
From a seasonal point of view, the gold price should start moving upward in July at the latest. And then there is also the hope that the Corona pandemic will be pushed back more and more by the rising vaccination figures. Because then inflation could pick up speed and if then the US dollar weakens, then the chances for a strong gold price are very good. Gold is a good hedge against inflationary tendencies. Experts believe that a gold price of around 2,000 U.S. dollars per ounce is quite possible again this year. There are always voices that see the gold price much higher, but even with cautious predictions, this could please the shareholders of gold companies in particular. Because when you invest in gold shares, you get leverage on the gold price.
Among the promising gold candidates are Kore Mining or Revival Gold.
Kore Mining - https://www.youtube.com/watch?v=AaOfkA_AA2s - owns the Imperial and Long Valley projects (gold, silver) in California. The exploration is running at full speed. Especially the Imperial project is considered to have great potential.
Revival Gold is working on its Beartrack-Arnett gold project in Idaho. Several million ounces of gold are still suspected on the formerly producing property.
Latest corporate information and press releases from Kore Mining (https://www.resource-capital.ch/en/companies/kore-mining-ltd/).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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