Gold shares can take off like rockets
Gold equities are breaking out and thus showing spectacular strength as one of the few sectors. Even on one day last week, when the S&P 500 stock index fell 2.81 per cent, gold stocks (measured by the highly regarded VanEck Gold Miners ETF) closed 3.19 per cent higher.
Investors who have not been paying so much attention to the gold sector so far will see the profits and enter. The stocks of several large companies have already broken out and reached multi-year highs. Junior companies should follow if they have not already done so. There is much to be said for a continued strong gold price: money printing without end - gold cannot simply be multiplied - helicopter money, the actions of central banks and economic figures are catastrophic.
Therefore, many investors agree that gold shares will perform well in the medium to long term. History has shown that gold shares in particular can rise like a rocket from great lows. And especially at the beginning of a bull market, large profits can be made. You should look at Revival Gold or Fiore Gold, for example.
Revival Gold is making good progress on its Beartrack Arnett gold project: https://www.commodity-tv.com/play/revival-gold-building-a-growth-gold-company-investor-presentation/. The pre-feasibility study has commenced. This is the largest former gold mine in the state of Idaho. It hosts an Indicated Mineral Resource of 36.4 million tonnes at 1.16 grams of gold per tonne of rock.
Fiore Gold increased gold production at its Pan gold mine in County, Nevada by a massive 38 percent quarter-on-quarter in the second financial quarter: https://www.commodity-tv.com/play/newsflash-with-fiore-gold-rnc-minerals-corvus-gold-isoenergy-and-skeena-resources/. The target is a production volume of 150,000 ounces of gold annually.
The latest corporate information and press releases from Fiore Gold (https://www.resource-capital.ch/en/companies/fiore-gold-ltd/).
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