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Many wonder if the Israel war will drive gold to new record highs.
It is nothing new that in times of crisis the safe haven gold is strongly targeted. How far the journey will go is questionable. But there are other factors besides the war that could drive the gold price, such as U.S. interest rates or physical demand from Asia. According to chart technicians, gold could form one or two shoulders as part of a larger pattern. So, gold could become even more expensive. Especially given the U.S. government's meddling in Ukraine, which has been ineffective. And whether or not the Fed raises rates again this year, another big move will lower rates and thus strengthen gold.
The current war and debt cycle is something special at the moment. There are already prophets of doom predicting the collapse of the U.S. dollar. This is probably exaggerated, but there are worldwide tendencies to at least weaken the dollar as a reserve currency. In the long term, every world reserve currency has been replaced at some point anyway. In the case of the dollar, this will certainly take some time. This will then lead to a world currency disorder, which will show gold as a profiteer. In any case, compared to October 2022, the price of gold is now several hundred dollars higher. And the gold price could be catapulted even higher, with a jump toward $2,040 per ounce possible. Good who is already invested in gold shares. Recommended candidates include Revival Gold or Sierra Madre Gold and Silver.
Revival Gold - https://www.commodity-tv.com/ondemand/companies/profil/revival-gold-inc/ - is handling exploration and development of the Beartrack-Arnett property in Idaho. Good drill results (up to 11.7 grams of gold per ton of rock) are available.
In Mexico, Sierra Madre Gold and Silver - https://www.commodity-tv.com/ondemand/companies/profil/sierra-madre-gold-silver/ - has three prospective gold and silver projects. One of the mines is a permitted, previously producing underground mine.
Current corporate information and press releases from Sierra Madre Gold and Silver (- https://www.resource-capital.ch/en/companies/sierra-madre-gold-and-silver-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 applies: https://www.resource-capital.ch/en/disclaimer/
Many wonder if the Israel war will drive gold to new record highs.
It is nothing new that in times of crisis the safe haven gold is strongly targeted. How far the journey will go is questionable. But there are other factors besides the war that could drive the gold price, such as U.S. interest rates or physical demand from Asia. According to chart technicians, gold could form one or two shoulders as part of a larger pattern. So, gold could become even more expensive. Especially given the U.S. government's meddling in Ukraine, which has been ineffective. And whether or not the Fed raises rates again this year, another big move will lower rates and thus strengthen gold.
The current war and debt cycle is something special at the moment. There are already prophets of doom predicting the collapse of the U.S. dollar. This is probably exaggerated, but there are worldwide tendencies to at least weaken the dollar as a reserve currency. In the long term, every world reserve currency has been replaced at some point anyway. In the case of the dollar, this will certainly take some time. This will then lead to a world currency disorder, which will show gold as a profiteer. In any case, compared to October 2022, the price of gold is now several hundred dollars higher. And the gold price could be catapulted even higher, with a jump toward $2,040 per ounce possible. Good who is already invested in gold shares. Recommended candidates include Revival Gold or Sierra Madre Gold and Silver.
Revival Gold - https://www.commodity-tv.com/ondemand/companies/profil/revival-gold-inc/ - is handling exploration and development of the Beartrack-Arnett property in Idaho. Good drill results (up to 11.7 grams of gold per ton of rock) are available.
In Mexico, Sierra Madre Gold and Silver - https://www.commodity-tv.com/ondemand/companies/profil/sierra-madre-gold-silver/ - has three prospective gold and silver projects. One of the mines is a permitted, previously producing underground mine.
Current corporate information and press releases from Sierra Madre Gold and Silver (- https://www.resource-capital.ch/en/companies/sierra-madre-gold-and-silver-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 applies: https://www.resource-capital.ch/en/disclaimer/
