March as a buying opportunity for gold
Especially in March there are losses in the price of gold, as in the last three years with the price in euros. Thus the price of the precious metal has had to leave 27 feathers in the past 49 years. For example, in 1990, 2008 and 2009, the gold price currently stands at around 1,285 US dollars per troy ounce, calculated in euros at around 1,135 euros per ounce. The reason is probably a stronger dollar and a somewhat weaker euro at the same time.
The mood also appears to be brightening somewhat, which is not so advantageous for the safe haven of gold. Because in the meantime, more is expected of a Brexit deal, albeit in the last second. And a trade agreement between the USA and China seems more likely than ever. Finally, the deadline for negotiations on the trade agreement between China and the US was extended.
March could definitely be worthwhile for a gold investment. Gold as protection against crises has so far survived every war and every crisis. And when looking at the stock indices, the Dax and Dow Jones reach new highs almost every week. So anyone who thinks of gold with a little risk appetite should look at well positioned gold companies such as GoldMining or Maple Gold Mines.
GoldMining - https://www.commodity-tv.net/c/search_adv/?v=298668, with a portfolio of gold and gold-copper projects, has just announced a welcome updated mineral resource estimate for its Yellowknife project. Located in the Northwest Territories of Canada, the gold project now has an explored and indicated resource of more than one million ounces of gold (2.33 grams of gold per ton of rock). On GoldMining's total projects, this increases the resource by approximately 13 percent (explored and indicated) to over ten million ounces of gold.
Maple Gold Mines' Douay gold project is located in one of the best gold areas in the world - https://www.commodity-tv.net/c/search_adv/?v=298484, the Abitibi Greenstone Belt in Quebec. A new resource estimate for the nearly 340 square kilometre property will be available in a few weeks. An expanded resource of at least five million ounces is targeted.
Current corporate information and press releases from GoldMining (https://www.resource-capital.ch/en/companies/goldmining-inc.html) and Maple Gold Mines (https://www.resource-capital.ch/en/companies/maple-gold-mines-ltd.html).
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