Year-end rally in the gold price
Many expect a rally to occur at the end of a year. And indeed, over the past 20 years, the price of gold has usually delivered a positive return in the last quarter. The year-end rally, or Santa Claus rally, refers to the phenomenon of stock prices going up at the end of a year. However, the rally is usually only seen in the last five trading days and the first two days of January. It's also often the period from mid-December through New Year's Day. Whether it's due to investors being in a positive mood at Christmas time or whatever reasons are at play here, it never hurts to look ahead. Perhaps it is also because investors reposition themselves at the beginning of the year.
A higher gold price has actually been due for some time. Central bank intervention has accumulated immense debt and the spectre of inflation has moved into position. All of this should strengthen the price of gold, as well as silver, and herald a correction. Gold investors should take advantage of the current market situation before the price rises. Low prices are always entry scenarios. One option is to bet on well positioned already producing gold companies such as OceanaGold or exploration and development companies focused on revitalizing formerly producing properties.
Producing gold companies include OceanaGold - https://www.youtube.com/watch?v=I8ia0H8gjmA -, for example, with several properties in the Philippines, New Zealand and the US. Gold production of 340,000 to 380,000 ounces is targeted for 2022.
An old prospector's adage says the best place to find gold is where someone has already found it. This is where Skeena Resources - https://www.youtube.com/watch?v=88pChq5Oulg - would come in handy. The formerly producing Eskay Creek gold-silver mine in British Columbia is the focus.
Current corporate information and press releases from OceanaGold ( https://www.resource-capital.ch/en/companies/oceanagold-corp/) and Skeena Resources ( https://www.resource-capital.ch/en/companies/skeena-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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