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Gold - from the doldrums to the comeback

2018 was not the best year for gold fans. But a trend reversal could be in the offing

There are still trouble spots, problems could worsen, just think of the trade dispute between the USA and China, and the central banks are placing great emphasis on the yellow precious metal. A weakening of the US economy is also expected, which in turn would lead to higher demand for gold.

Although China and the USA have come a little closer in their trade conflict, the grace period expires in spring 2019, when the cards will be shuffled again and further trouble in the form of penalty duties could threaten. Trade disputes usually entail a decline in risk appetite and an increase in the attractiveness of gold. In addition, there is the budget dispute between the EU and Italy, as well as Brexit.

The central banks' propensity to buy should continue in the current year. By the end of December 2018, China's central bank had increased its gold reserves to almost 60 million ounces, or about 1,853 tons of gold. This means that China's gold reserves have risen for the first time since October 2016, at least according to official figures.

At the end of 2018, it was already evident that the price of gold was moving upwards again. Recently, a six-and-a-half month high of almost US$1,300 per troy ounce was reached. Exchange-traded precious metal funds are at a seven-month high. This can be seen as a bullish sign, according to expert Matthew Turner from the Macquarie Group.

So it might be particularly worthwhile now to bet on gold and on the values of gold companies. Possible investments include Bluestone Resources and Steppe Gold.

Bluestone Resources - https://www.commodity-tv.net/c/search_adv/?v=298745 - has currently drilled up to 16.3 grams of gold per tonne of rock and identified new veins on its Cerro Blanco gold and silver project. The project is located in Guatemala and is wholly owned by Bluestone Resources.

Steppe Gold - https://www.commodity-tv.net/c/search_adv/?v=298802 - with its ATO gold project in Mongolia is on the verge of first gold production. In addition, the company also owns 80 percent of the Khundii Gold Project in Mongolia. The partner is the provincial government of Bayankhongor. There are no political risks in democratically-run Mongolia, says Matthew Wood, president and CEO of Steppe Gold.

Current corporate information and news releases from Bluestone Resources (https://www.resource-capital.ch/en/companies/bluestone-resources-inc.html) and Steppe Gold (https://www.resource-capital.ch/en/companies/steppe-gold-ltd.html).

In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the English version of these messages applies.

Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting from the use of this blog. I would like to point out that shares and in particular warrant investments are generally associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: www.resource-capital.ch/en/disclaimer.html

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PDAC 2019

Always up to date with the newsletter from SRC

Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at info@resource-capital.ch. We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

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