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Gold price benefits from fear

Concerns about a possible recession in the US economy and a slide in equities lead to a rising gold price

According to JPMorgan Chase & Co. the chances are 50 to 50 that the USA will fall into the recession trap in the next two years. Banking experts expect US growth to slow from 2.9 to 2.6 percent and core inflation to pick up to 2.5 percent. This could put the US close to late inflation overruns. Investment in gold would definitely support this development.

In addition, there are other scenarios that could drive the gold price higher. Heavy gold purchases from various central banks and rising demand from emerging markets could do the rest.

From the point of view of the seasonality of gold, the price of gold is in the phase - usually from the beginning of July to mid-January - in which it is rising. The reason given for this is the purchases made by the jewellery industry for the Christmas business. In 2018 the seasonality did not work so well so far. At the beginning of the year, the price of gold still pleased investors, but from May onwards it went down.

It is unclear how the gold price will develop in the short term. Gold is and remains attractive in the medium to long term, as are the shares of gold companies such as US Gold or Bluestone Resources.

US Gold - https://www.commodity-tv.net/c/search_adv/?v=298583 - focuses on the development and exploration of gold projects in the USA. The Keystone project in Nevada, located in the gold-rich Cortez Trend, and the Copper King project in Wyoming are particularly worth mentioning. An early start of production in the projects should help the company to be successful.

At Bluestone Resources - https://www.commodity-tv.net/c/search_adv/?v=298585, the Cerro Blanco gold project is convincing. Located in Guatemala, an estimated nearly one million ounces of gold and more than three million ounces of silver are present in the ground of the project. In addition, Bluestone Resources owns a geothermal project in Guatemala which already has a license to build and operate.

Current corporate information and news releases from US Gold (https://www.resource-capital.ch/en/companies/us-gold-corp.html) and 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.

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.

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