Gold remains attractive
Even if the counterparts in the trade dispute are approaching and the Brexit is going well, the safe haven of gold should continue to attract investors. Because the central banks are still in an easing mode. Geopolitical risks also remain high. And investor interest in this precious metal has risen steadily in recent months and should not come to a standstill so quickly.
According to the World Gold Council, global gold-backed ETFs and similar products recorded inflows everywhere in September. Collective gold reserves have risen to 2,808 tonnes, the highest level of all time. This is even more than at the end of 2012, when gold cost around 1,700 US dollars an ounce.
From a technical perspective, longer-term considerations such as the Relative Strength Index (RSI) show that overbought positions are slowly being reduced. The RSI is one of the most frequently used indicators in technical analysis. It is used to determine future trends and movements. However, the reduction takes place through time and not through downward price movements. This is seen as a sign that the price of gold remains close to its high. A further long-term upward trend would therefore not be surprising.
So since the long-term momentum for gold is optimistic, a well-balanced portfolio should not exist without stocks of gold companies. For example White Gold - https://www.youtube.com/watch?v=xMUHMj6nLj4=5s - or US Gold could be considered.
White Gold (http://whitegoldcorp.ca/signup ) has a particularly prospective area in the Yukon, more than 439,000 hectares of land in the Whitegold District. At least one million ounces of gold mineral resource has already been identified. Recent probe samples revealed 78, 113 and 605 grams of gold per ton of rock.
US Gold - https://www.youtube.com/watch?v=xpE2IohL3kE=4s - specializes in exploration projects in Nevada (Keystone and Maggie Creek projects, Gold Bar North) in the Carlin Trend and in Wyoming (Copper King).
Latest company information and press releases from White Gold (www.resource-capital.ch/de/unternehmen/white-gold-corp/) and US Gold (www.resource-capital.ch/de/unternehmen/us-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 and that there is therefore a potential conflict of interest. No guarantee for the translation into German. Only the English version of these messages is valid.
Disclaimer: The information provided does not constitute any form of recommendation or advice. The risks involved in securities trading are expressly pointed out. No liability can be accepted for damages arising from the use of this blog. I would like to point out that shares and in particular warrant investments are generally associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. For the correctness of all contents however no guarantee is taken over. Despite the greatest care, I expressly reserve the right to make an error, particularly with regard to figures and prices. The information contained herein has been obtained from sources believed to be reliable, but does not claim to be accurate or complete. Due to judicial judgements the contents of linked external sides are to be answered for also (so among other things regional court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no express dissociation from these takes place. Despite careful content control, I do not assume any liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/de/disclaimer-agb/