Gold price may soon exceed 5,000 US dollars
The price of gold moved down when Joe Biden was elected and when the news of Corona vaccine came. There seems to be no reason for a further decline in the price of gold. Because the stock market and also the US dollar index have not moved. The movements of the gold price are not so easy to explain.
Every day there is news on the markets, sometimes more, sometimes less important and there are events. Movements do not always occur, because the decisive factor is how the markets, i.e. the participants, interpret the news.
Even if further corrections follow, gold will continue its strong upward trend. Most experts are convinced of this. Rob McEwen, chairman of McEwen Mining, for example, became known for his gold forecast of $5,000. But now he even sees the possibility of a much higher price. As a reason he cites the monetary expansion and the enormous debt burden worldwide. The global uncertainties this year make investors look for safe investments, and thus for gold investments.
Whether gold really continues to fall, at any rate, the investors who exercise patience and keep their cool will be the lucky ones in the end. The following companies belong to well-positioned gold companies.
Aztec Minerals - https://www.youtube.com/watch?v=0zdssjRMDoA&t=3s - owns copper, silver and gold at its main Cervantes project in Sonoro, Mexico. And on the Tombstone project in Arizona, Aztec Minerals holds silver, gold, copper, lead and zinc. Promising drill results are already available.
Revival Gold - https://www.youtube.com/watch?v=CCP6YOVKuQo&t=2s - operates in previously producing gold territory. The Beartrack and Arnett gold projects are located in Lemhi County, Idaho. This year's drill program has already produced encouraging results.
International Consolidated Uranium - https://www.youtube.com/watch?v=BpqNSiJNy0E&t=1s - is pursuing high-grade gold projects. The Mt. Roe-Gold Project is in the early stages of development in Western Australia. The Kuulu Project is located in Nunavut, Canada, near Agnico Eagle Mines' Meliadine gold mine. The Company has just secured a 100% interest in the Moran Lake project in Labrador, Canada (uranium and vanadium).
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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