Gold Month January
Those who buy gold in December as a Christmas present or diversify their portfolio as an investment are usually right. The rule is that the price of gold is very likely to rise in January. At least that's what the seasonality of the precious metal says. Over the past 34 years, gold has risen particularly strongly from late December to early February. This is shown by studies by Saisonax, which show that gold gained 23 out of 33 times in the months from August to February.
But has this golden rule been right in recent times? Let's look at the past three years. On 20 December 2015, the gold price stood at 1,076 US dollars per troy ounce, which is known to weigh in at 31.1 grams. On February 7, 2016, gold was worth 1,236 dollars. The 2017 trend was somewhat weaker, with gold climbing from 1,136 to 1,233 dollars an ounce from 18 December 2016 to 5 February 2017. A similar picture can be seen in 2018. While an ounce of gold cost 1,254 dollars on 17 December 2017, it was 1,346 dollars on 11 February 2018.
So where could the gold price end up at the beginning of February 2019 if the golden rule of the season also applies for the fourth time in a row? From 1,238 dollars on December 17, 2018, gold could then spurt another 100 dollars and cost 1,330 dollars in just over a month. That doesn't seem too much at first glance. But for investors willing to take risks, this offers a very good opportunity. This is because shares in companies with good gold projects generally have a leverage effect on the price of gold.
Promising, albeit speculative, companies with gold projects include Aurania Resources and Bluestone Resources. Aurania Resources - https://www.commodity-tv.net/c/search_adv/?v=298721 focuses on the search for copper and precious metals. The main project is the Lost Cities Project in Ecuador. The metal contents drilled so far are very promising.
Bluestone Resources - https://www.commodity-tv.net/c/search_adv/?v=298745 - is the sole owner of the Cerro Blanco Gold and Silver Project in Guatemala. Cost effectively, there are estimated to produce nearly one million ounces of gold as well as more than three million ounces of silver.
Aktuelle Unternehmensinformationen und Pressemeldungen von Aurania Resources (https://www.resource-capital.ch/en/companies/aurania-resources-ltd.html) und von Bluestone Resources (https://www.resource-capital.ch/en/companies/bluestone-resources-inc.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.
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