Gold - perhaps the most successful commodity in 2020
The Dow Jones Industrial 30 and the S & P 500, for example, achieved their best monthly performance since January 1987, and equity investors are now wondering how this trend will continue. Perhaps the economic blockade will lead investors to take a longer-term view of companies. The effects on the stock market and the economy are sailing in troubled waters, leading to volatility.
The pandemic is leading to changes in the economic landscape. Some areas have certainly attracted great interest because of the virus. Among others, the safe havens of precious metals. Many banking experts still see considerable potential for the gold price to rise. Analysts, such as those from Canaccord Genuity, see gold stocks continuing their strong upward trend.
Recent short setbacks in the gold price are probably caused by the easing of European states and the hope for normalisation that comes with it. Topics such as drugs or vaccines against Covid-19 also repeatedly give rise to a budding optimism. However, it should not be forgotten that a normalisation of the global economy will not come overnight. It will take time.
Therefore, an investment in good gold stocks is an idea that can bring profits. Gold companies such as Skeena Resources or Vizsla Resources could be considered.
Skeena Resources is focused on the development of two former producing mines in British Columbia: https://www.commodity-tv.com/play/newsflash-with-bluestone-resources-skeena-resources-and-cardinal-resources/. Gold and silver were abundant at the Eskay Creek and Snip Mines and still exist today. Recent drill results show up to 32.21 grams gold and up to 121 grams silver per tonne of rock for Eskay Creek.
Vizsla Resources is also focusing on silver and gold, in the ground of the Panuco property in Mexico: https://www.commodity-tv.com/play/vizsla-resources-consolidating-silver-district-in-mexico-fast-track-to-production/. The Panuco property covers almost 10,000 hectares and contains approximately 75 kilometres of vein extension.
Recent corporate information and press releases from Skenna Resources (https://www.resource-capital.ch/en/companies/skeena-resources-ltd/) and Vizsla Resources (https://www.resource-capital.ch/en/companies/vizsla-resources-corp/).
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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