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Towards the end of the year do not forget gold

Paying attention to the seasonality of gold can pay off. As a rule, the price of the precious metal tends to go through a rally in the second half of the year.

Looking at the development of the gold price in recent years, it is noticeable that between August 7 and February 1 of the following year the price rose in 23 out of 33 cases. The average profit in the years in which the price rose was just under 8.9 percent. In the years in which prices fell, the average loss was around 5.2 per cent.

All in all, the price of gold has risen more often than it has fallen over the past 33 years and gold prices have risen more than fallen. The main reasons for the seasonal nature of gold are the various festivities at which gold is increasingly bought. After all, the majority of the annual production of the coveted precious metal goes into jewellery production.

The festivities include Christmas, the Indian wedding season in autumn and the Chinese New Year in February. The jewellery dealers are preparing for these festivities by buying gold. In 2017, the price of gold rose by ten percent. On the first of January 2018, an ounce of gold cost 1,302.80 US dollars, today around 1,220 US dollars. Even if 2018 may not be one of the years with a rising gold price at the end of the year, it should then go up again in the new year. If you are interested in gold companies, you should consider Treasury Metals or Nordic Gold.

Treasury Metals - https://www.commodity-tv.net/c/search_adv/?v=298478 - is developing one of Canada's next producing gold mines, the Goliath Gold Project in northwestern Ontario. In the beginning the mine can be mined by open pit mining. An updated mineral resource estimate indicates 1,229,800 ounces gold equivalent.

Nordic Gold - https://www.commodity-tv.net/c/search_adv/?v=298622 - is also well on its way to bringing its Laiva gold mine in Finland into production. The financing of further work has been secured and the mine has already been fully constructed and approved. The first gold casting is due to take place at the end of November.

Current corporate information and press releases from Nordic Gold (https://www.resource-capital.ch/en/companies/nordic-gold-corp.html) and Treasury Metals (https://www.resource-capital.ch/en/companies/treasury-metals-inc.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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