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Gold on the way up

Despite a strong US dollar, the gold price is showing strength. The price increase this time is different from four years ago

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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.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always 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. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also 
applies: https://www.resource-capital.ch/en/disclaimer/ 

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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 [email protected] 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.

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