Gold price on its way up in the long term
Gold fans are enthusiastic about the development of the gold price. One already looks at resistance zones from the years 2011 to 2013, which were between 1,550 and 1,800 US dollars.
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The trend reversal in the gold price has finally come, many are sure of it. It started in the fourth quarter of 2018 and the fundamentals are looking good. The basic conditions for a strong gold price had been in place for some time, but now they have finally manifested themselves and strengthened the gold price.
Especially the worldwide loose gold policy, which is expected and a weakening US dollar cause gold prices to rise. The exceeding of 1,400 US dollars per troy ounce of gold has led to euphoria. After all, 2014 was a while ago when the gold price last managed to do this - the greater the joy. The coveted metal was able to gain about ten percent this year.
The times are economically and geopolitically uncertain, the decisive factors are the price-determining US real yields and the US dollar. The yields on ten-year American government bonds are driving investors into the safe haven of gold. Both the European Central Bank and the Fed appear to be heading for a looser monetary policy in the second half of the year. Interest rate cuts in the Euro Zone and in the USA lead to falling yields and thus to a stronger gold price.
If there are natural corrections in the gold price, these should be used as buying opportunities. Gold companies that benefit from a strong gold price include Bluestone Resources and Maple Gold Mines.
Bluestone Resources - http://www.commodity-tv.net/c/search_adv/?v=299166 - is focused in Guatemala on a geothermal project and the Cerro Blanco gold project. It already has an encouraging feasibility study and current drill results of up to 19 grams of gold per tonne of rock.
Maple Gold Mines - http://www.commodity-tv.net/c/search_adv/?v=299175 - is focused on its Douay gold project in the Abitibi greenstone belt of northern Quebec, Canada. Significant gold mineralization has already been demonstrated.
Current company information and press releases from Bluestone Rescources (https://www.resource-capital.ch/en/companies/bluestone-resources-inc/) and Maple Gold Mines (https://www.resource-capital.ch/en/companies/maple-gold-mines-ltd/).
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 German version of these messages applies.
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