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Gold price: reset or soon over 2,000 US dollars

High demand for gold and lower production volumes have caused the price of the precious metal to rise higher than ever before

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The Corona pandemic continues to fuel the price of gold. It will be interesting to see how much air the price still has to rise. At least as long as there is no reliable vaccine and the global pandemic has the economy under control, the rally should continue. For six months Corona has been the topic of discussion and has also caused gold production to fall. 
 
According to the World Gold Council, gold production in the first quarter in the most important producing countries fell by about three per cent. The last time such a small amount was produced was in 2015.  And only a slight change is expected for the second quarter of 2020. The buying frenzy for gold is unbroken, interest rates will probably remain low for a long time to come and a currency devaluation wants to be hedged with gold.
 
Whether the rapid rise in the price of gold will lead to a crash is disputed. But it doesn't seem like it. The economy is only very slowly getting back on track and the printing of money is continuing. Thus, private investors as well as professional investors are buying heavily, because one wants to be part of the gold price increase. In order to earn with leverage, an investment in gold or silver stocks is the right thing to do. Especially if they can score with quality, both in management and in projects, such as Auryn Resources or Aurania Resources.
 
Auryn Resources has six projects, including high grade gold and copper projects in Peru and Nunavut. Analyst firm H.C. Wainwright & Co. recently reiterated its Buy recommendation for Auryn Resources and raised its target price from US$2.00 to US$2.60 per share. The reason for this is the company's resource valuation. The Sombrero Project now values the analyst firm at $75 million. The total valuation is US$302.4 million.
 
Aurania Resources' The Lost Cities Cutucu Project in the Andes of Ecuador is a unique property where historical data research is complemented by state-of-the-art exploration techniques. This area is believed to have been home to former producing gold mines. Current drilling has yielded up to ten percent copper and 131 grams of silver per ton of rock. 
 
Latest company information and press releases from Auryn Resources (https://www.resource-capital.ch/en/companies/auryn-resources-inc/) and Aurania Resources (https://www.resource-capital.ch/en/companies/aurania-resources-ltd/).

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.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always 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. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also 
applies: https://www.resource-capital.ch/en/disclaimer/ 

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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 [email protected] 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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