Gold at altitude
When corrections occur, gold experts consider them only as short-term setbacks. The new corona cases in the US are also reaching new highs, which is causing concern - and probably new debt levels, as further stimulus measures come into focus. A weaker US dollar has also supported the price of gold.
So, the financial uncertainties are increasing, and gold is the means of protection for many. When investing in gold companies, everything has to be carefully considered, the right company has to be chosen and then wait and see. After all, these are longer-term investments. Perhaps it won't be long before the gold price breaks through the USD 2000 barrier. Then the value of gold companies will also rise. Not so long ago, in May of last year, gold was able to jump above USD 1,300 per troy ounce.
Since a price reset may be the last chance to get in cheaply for a long time, this opportunity should not be missed - and take a closer look at Vizsla Resources or Fiore Gold.
Vizsla Resources is located in the Sierra Madre in Mexico with its Panuco gold-silver project in an excellent area: https://www.commodity-tv.com/play/newsflash-with-millennial-lithium-vizsla-resources-canada-nickel-and-goldmining/. This is evidenced by the latest drill results, which returned up to 199 grams of gold and up to 2,240 grams of silver per tonne of rock.
Fiore Gold, debt-free and with a strong cash position, has again posted a production record for the third quarter: https://www.commodity-tv.com/play/fiore-gold-virtual-roadshow-investor-presentation/. This is thanks to its Pan gold mine in Nevada. At the same time, the company is investing in further exploration at Pan and Gold Rock.
Recent company information and press releases from Vizsla Resources (https://www.resource-capital.ch/en/companies/vizsla-resources-corp/) and Fiore Gold (https://www.resource-capital.ch/en/companies/fiore-gold-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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