Gold and silver price forecasts up
In the longer term, experts at Macquarie, one of Australia's leading investment banks specializing in commodities and one of the world's leading investment banks, expect a gold-silver ratio of 72. They saw the gold price for 2019 at 1,340 US dollars per ounce. Now they have raised their forecast by five percent to 1,402 US dollars. This still seems very conservative, considering that today's price is around 1,500 US dollars. For 2021, for example, they are now increasing their forecasts by 18 percent to 1,606 US dollars (previously 1,363 US dollars).
Analysts at Macquarie see great potential for silver between 2019 and 2021: for 2019 they now expect an average price increase of ten percent, namely 16.48 and previously 14.94 US dollars per troy ounce of silver. As with gold, this is very conservative from today's market perspective. In the year 2024 they see the silver price at 21.50 US dollars per ounce.
At these prices, the current prices of the gold and silver mines are of course far too low and have great potential. These include US Gold or Revival Gold.
US Gold - https://www.commodity-tv.net/c/search_adv/?v=298868 - owns the Copper King Project in Wyoming and the Keystone Gold Project in Nevada. US Gold has just acquired an option to acquire a 70 percent interest in the Maggie Creek project (adjacent to Newmont Mining's Quarry Gold Mine) through the acquisition of Orevada Metals. The Company now holds two promising exploration projects in the Carlin trend in Nevada.
Revival Gold - https://www.commodity-tv.net/c/search_adv/?v=298883 - is working in Idaho on its Beartrack and Arnett Gold projects. Beartrack has already successfully produced gold in the past. Current drill results from the projects were encouraging. Further exploration and development opportunities are being pursued.
Current corporate information and press releases from US Gold (https://www.resource-capital.ch/en/companies/us-gold-corp/).
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