Gold price forecasts are increased
Gold is extremely popular. For example, all gold held by ETFs has risen by 22 per cent this year and now stands at 100.9 million ounces. Switzerland's gold exports to the USA reached a further peak in May (126.6 tonnes), caused mainly by the gold hunger of ETFs. In the current still early phase of economic recovery, demand for gold investments is growing. Precious metal price setbacks are mostly used as buying opportunities.
The fear of a currency devaluation race and low real interest rates are present and thus influence investor interest - good for gold and gold companies. The almost global economic slowdown, after gold has already performed very well in 2019, could lead to a further gold price upswing. This is also the view of the experts in the repeatedly highly regarded "In Gold We Trust" report by Ronald-Peter Stöferle and Mark J. Valek.
Gold mining stocks in particular are predicted to show an above-average recovery. After a bear market lasting several years, many companies are on very solid ground and they are benefiting particularly from a rising gold price. The technological changes taking place in the industry should also ensure good yields.
So it is time to take a look at gold companies such as Auryn Resources or Condor Gold.
Auryn Resources owns 100 percent of the high-grade Committee Bay gold project in Nunavut, as well as two other projects in Nunavut and British Columbia: https://www.commodity-tv.com/play/newsflash-with-gold-terra-resource-ximen-mining-and-auryn-resources/. The portfolio also includes three gold, silver and copper projects in Peru.
Condor Gold is developing the La India gold project (600 square kilometres) in Nicaragua: https://www.commodity-tv.com/play/condor-gold-mine-plan-for-la-india-and-mestiza-open-pits-fully-permitted/. Initially, the project is expected to produce 100,000 ounces of gold per year, later more. Successfully producing neighbouring companies are available. Whereby La India has the highest resource grade.
The latest company information and press releases from Auryn Resources (https://www.resource-capital.ch/en/companies/auryn-resources-inc/).
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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