Year-end rally for gold
Normally, the gold price usually bottoms out from mid December to New Year. At the beginning of a new year, the price then often rises. At least this is how it has been for the last eight years. But this time forecasts are difficult. On the one hand, the price of the precious metal has been in a correction phase since August, so a price increase would not be surprising.
On the other hand, many investors are probably expecting a year-end rally, because with regard to the last quarter, gold has usually delivered a positive return over the last 20 years. Now we have the result of the election in the USA and the good news about corona vaccines. Joe Biden's election will certainly promote green energy and what goes with it. Even if a "normal life" is still to come. Many companies are still being badly affected by the pandemic; the middle class is suffering. Brexit is also still an issue.
Certainly, central banks and governments will continue to intervene and increase their debts. And if there is new liquidity, the euro and the US dollar will continue to weaken. And this will strengthen the value of precious metals, especially gold. Thus, the correction of gold and silver could also come to an end at the end of the year or in early 2021. If precious metal prices rise, then it is worth taking a look at silver and gold companies like Condor Gold or Maple Gold right now.
Condor Gold - https://www.youtube.com/watch?v=DpLuZLcx4Oc&t=591s - has a 100 percent interest in a 588 square kilometer concession package covering 98 percent of the historic La India gold mining area. It is expected to contain 1.12 million ounces of gold.
Maple Gold Mines - https://www.youtube.com/watch?v=MqpVJhaMOHU&t=1s - is developing the Douay Gold Project in Quebec, supported by strategic partner Agnico Eagle. The project covers 357 square kilometers of gold country in the Abitibi greenstone belt of northern Quebec.
Current enterprise information and press releases of Maple gold mines (www.resource-capital.ch/en/companies/maple-gold-mines-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.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always 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. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also