Market wisdom, now different with Corona
If one had been among the sellers on the stock market in May, a major recovery would have been missed. In general, May and June are rather weak stock market months. In May, the DAX still managed to gain almost nine percent. June, as the second weakest month on average, could develop differently this year.
The price of gold has been rising for a year now, in Euro terms it has risen by a whopping 34 per cent in the last twelve months. Thus, at the end of May 2019, only 1,161 euros per ounce of gold had to be bought. How the price of gold will continue to rise depends on the development of the Covid 19 crisis and the smouldering trade conflict between the USA and China. Especially now, in times of inflation worries, unchecked money supply growth and fear of recession, many investors are increasingly turning to gold, which is stable in value.
Apart from the price decline in March, the gold mining companies have held up very well throughout. More and more investments and financing will now also move the not-so-large players in the industry, as new mines and exploration successes are in demand. In order to leverage the gold price, investing in gold in the ground, i.e. gold companies with solid projects, is the means of choice.
Maple Gold Mines or Aurania Resources, for example, could have a promising future ahead of them.
Maple Gold Mines owns 100 percent of the Douay gold property in the Abitibi greenstone belt of Quebec: https://www.commodity-tv.com/play/newsflash-with-condor-gold-caledonia-mining-and-maple-gold-mines/. Still open in many directions, a significant resource has already been identified on the approximately 355 square kilometre project.
Aurania Resources is particularly focused on its The Lost Cities -Cutucu project in Ecuador (42 mineral concessions), which promises gold and copper: https://www.commodity-tv.com/play/newsflash-with-rnc-minerals-discovery-metals-isoenergy-and-aurania-resources/. Aurania is now expanding its exploration work to Peru, as the project's mineral belt is likely to extend into northern Peru.
Recent company information and press releases from Maple Gold Mines (https://www.resource-capital.ch/en/companies/maple-gold-mines-ltd/) and Aurania Resources (https://www.resource-capital.ch/en/companies/aurania-resources-ltd/).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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