Gold on the way up
At that time, the price of the precious metal rose by around 16 percent, but the starting point was an extremely low level. This time the price increase started from a much higher level. The seventh consecutive quarterly increase has just been recorded. At the two previous highs of the gold price, the price of gold rose by 2,200 and 760 percent respectively (1980, 2011).
In December 2015, the fine ounce of gold cost USD 1,050, a low point. Today, we are a good 65 percent above that. And the end of the price rise could still be a long way off, and so could the very big profits. From a statistical point of view, July is not the best; it ranks seventh among the best gold months. Looking at the last day of June, gold this time cost $1,780.50 an ounce. A year earlier it was only $1,584 an ounce.
This could lead to a new historical gold price. It is not surprising that the price of gold sometimes drops a little in the process, as there are profit-taking opportunities now and then that can be used for an entry. For example, for an entry into the world of gold companies such as Tarachi Gold or Corvus Gold.
Tarachi Gold holds a number of mining concessions ("Tarachi") in the Sierra Madre Gold Belt in eastern Sonora, Mexico and is planning a diamond drill program. This is an established gold producing region. Historical studies have shown up to 110 grams of gold per tonne of rock.
In Nevada, Corvus Gold's projects (Bullfrog, Mother Lode) are located among excellent neighboring mining companies: https://www.commodity-tv.com/play/newsflash-with-skeena-resources-canada-nickel-and-corvus-gold/. Valuable water rights are Corvus Gold's asset here. The infrastructure is also excellent.
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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