There were interesting contributions at the Vancouver Resource Investment Conference, especially in the area of junior companies. John Kaiser (Kaiser Research) is one of the industry experts who believe in a significantly higher gold price before the end of this year.
In the USA, the deficit continues to rise, inflation is low, and uncertainties accompany us. The worldwide immense debts are driving more and more investors into the gold sector and are therefore positive for the gold price. From a chart technical point of view, the price of the precious metal has not yet completed its consolidation. However, if the resistances at $ 1,591 and $ 1,611 an ounce are broken, then the way up is paved. The next target would then be priced at $ 1,700 an ounce. And this despite the fact that the price of gold, calculated in Euro, has already reached a new all-time high at 1,460 Euro.
So also, this year many tonnes of gold are flowing into the ETFs, which already last year were able to record big gains. The net long positions on the futures and options exchanges have also increased strongly again. One way to profit from the increasing attractiveness of gold is to buy shares in gold companies. These have the gold in the ground. And the investor does not have to worry about security, as is the case with physical gold.
Well-positioned gold companies include GoldMining and White Gold. GoldMining has a large portfolio of gold and gold-copper projects with measured and indicated resources of 10.5 million ounces gold and inferred resources of 12.4 million ounces gold. The projects are located in Canada, Brazil, Colombia, Peru and the USA.
White Gold also has a significant resource of more than one million ounces of gold. The flagship White Gold project, which covers more than 422,000 hectares and is located in the Yukon, is responsible for most of the resource.
Current company information and press releases from GoldMining (https://www.resource-capital.ch/en/companies/goldmining-inc/) and White Gold (https://www.resource-capital.ch/en/companies/white-gold-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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