Gold companies well prepared for the new year
It is not only the pandemic that has made gold a safe haven magnet. Many experts see the years of quantitative easing and low interest rates as the cause of the rising gold price. This central bank-driven trend has been going on for years, basically since 2008. As early as April, Rick Rule, an analyst known to many, pointed out that the popularity of gold will also lead to a rise in gold stocks.
So it's good for those who are already invested. Those who are still looking for good values in the gold sector should take a look at Skeena Resources - www.youtube.com/watch -. In the famous Golden Triangle in British Columbia, Skeena Resources is reviving the formerly producing gold-silver mines Snip and Eskay Creek.
Rick Rule was right. As a result, the NYSE Arca Gold Miners Index recovered its March losses, and it has risen 23 percent in value since then. The same can be said for the index of junior gold companies. The VanEck Vectors Junior Gold Miners ETF, an index that includes 83 junior gold stocks, is up 26 percent. Following the crash in gold prices in March, many companies have doubled or quadrupled their market capitalizations.
Those who want to diversify into gold as well can look into Osisko Gold Royalties - https://www.youtube.com/watch?v=B3xNEYLZvMA -. The company owns a large number of royalties and precious metal off-takes. Various projects were recently spun off and brought into the new Osisko Development. Certainly, for the benefit of shareholders.
Corvus Gold - https://www.youtube.com/watch?v=8ha6FHxZ4Qk - has gold and silver deposits in North America, most significantly the North Bullfrog and Mother Lode projects in Nevada. In addition, there are royalty interests in other North American areas.
Current corporate information and press releases from Skeena Resources (https://www.resource-capital.ch/en/companies/skeena-resources-ltd/) and Osisko Gold Royalties (https://www.resource-capital.ch/en/companies/osisko-gold-royalties-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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