Gold and silver prices may be on the verge of eruption
Industry experts are concerned about the development of the broad stock market in the USA. There is talk of the most extreme stock market bubble in the USA. This means that the market has been moving upwards for some time and that an above-average number of investors have invested. This gives rise to the possibility of a counter-movement, which then sets in and leads to selling pressure and falling prices. Gold, silver and mining stocks, on the other hand, are heavily oversold.
The central banks are busy printing money, thus slowing down every precious metal rally so far. Central banks also appear to have the gold and silver markets under control via the paper derivatives gold markets in London and New York. But large gold-hungry countries in the East are increasingly buying physical gold because of the low price. India, for example, imported 27 percent more gold in the first quarter of 2019 than in the same period last year. These are the official figures, because gold smuggling still exists.
China has also made strong purchases in recent weeks. However, as the US Federal Reserve continues to deliberately drive speculation on the stock markets with another loose monetary policy, it could soon have the opposite effect. Because if the high liquidity ends - and this is likely to happen soon - in inflationary tendencies, which after the stock market and real estate also reach daily life, a rethink is likely to begin. The Fed will thus also trigger a price upturn for precious metals. The coming price rises for gold and silver will even gradually reach the mining stocks with leverage. Those who therefore invest early in promising companies such as Steppe Gold and Treasury Metals could participate in the expected good phase of mining shares.
Steppe Gold - http://www.commodity-tv.net/c/search_adv/?v=299041 - is about to start production with its Tsaagan Ovoo gold project in Mongolia. 100% wholly owned, Phase I mining was completed with 230,000 tonnes of ore and 2.3 grams of gold per tonne of rock mined. Financially everything stands to the best with low production costs.
Treasury Metals - http://www.commodity-tv.net/c/search_adv/?v=299034 - owns 100% of the high-grade Goliath Gold Project in Ontario and is also close to the start of production. Among other projects pursued by Treasury Metals, the Weebigee project, also in Ontario, stands out (up to 81.59 grams of gold per ton of rock).
Current corporate information and press releases from Steppe Gold (https://www.resource-capital.ch/en/companies/steppe-gold-ltd/) and Treasury Metals (https://www.resource-capital.ch/en/companies/treasury-metals-inc/).
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.
Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting 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. However, no guarantee is given for the correctness of all contents. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents 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/en/disclaimer/