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Gold weakens

A strong US dollar puts pressure on the gold price. There should be some arguments in favour of higher prices

The debt crisis in Italy is boiling again, as a deficit of 2.4 percent is forecast for next year. Somebody thinks this could trigger a new debt crisis in the EU. This should help the price of gold to rise. At the moment, however, only the Euro has come under pressure.

The FED decisions, always important in this context, now suggest one rate hike for this year, three for 2019 and the last one for 2020. In fact, interest rate hikes in the past have often led to a rise in gold prices. This time it doesn't seem that way. This is probably due to the fact that the inflation rate remains relatively low. Once the brake is released here, this would be a good reason for a price increase of the precious metal and the brake will be released.

If you ask yourself who is currently benefiting from the low gold price, it is mainly the global central banks, especially those in the emerging markets. The reserves of the global central banks are now at a 20-year high of 34,000 tonnes of gold. China, Russia and other emerging markets were the main buyers.

Since the financial crisis of 2008, these countries have been tired of the dominance of the US dollar. Still, the constant and productive purchase of the central banks keeps the ground below the gold price. But if there is more investment and demand and, for example, fund managers buy back the record gold short positions, then gold should rise significantly in price.

Gold is still the tried and tested crisis protection, even though market sentiment towards gold is currently rather negative. For better gold price times one should position oneself early and perhaps think about investing in gold companies such as GoldMining or Nordic Gold.

GoldMining - https://www.commodity-tv.net/c/search_adv/?v=298220 - has a large portfolio of gold and copper projects in North and South America. The projects are located in Canada, USA, Peru, Brazil and Colombia. In addition, there is a 75 percent uranium project in Saskatchewan, Canada, in the Athabasca Basin.

Nordic Gold - https://www.commodity-tv.net/c/search_adv/?v=298584, formerly known as Firesteel Resources, aims to become a medium-sized Scandinavian producer. The Company owns the Laiva gold project in Finland, which is expected to start production in 2018. The infrastructure is excellent and Finland is a very mining friendly country.

Current company information and press releases from GoldMining (https://www.resource-capital.ch/en/companies/goldmining-inc.html) and Nordic Gold (https://www.resource-capital.ch/en/companies/nordic-gold-corp.html).

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 English 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: www.resource-capital.ch/en/disclaimer.html

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PDAC 2019

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 info@resource-capital.ch. 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.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

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