The near price development of gold is unclear, yet the prevailing market uncertainty should remain supportive.
By the end of the year at the latest, an upward trend in the gold price should be established. Because this is more likely than a downward trend. Sentiment, with economic risks firmly in view, is still weighing on the price of the precious metal. Craig Parry (co-founder of Inventa Capital), for example, sees particularly good opportunities in the junior resource sector. The time now, he says, is comparable to the years before the 2010 boom, when there were an extreme number of acquisitions and mergers. This seems to be happening again now. Similar to 2005 and 2006, the mergers and acquisitions were like a harbinger.
Parry sees high-quality junior companies as an exceptional buying opportunity right now. At the latest when the global gold ETF market turns around - as for the fourth month in a row the ETF market suffered a decline in its holdings - the gold price should rise. Incidentally, despite the decline in ETF holdings, asset values have risen in percentage terms because of robust gold prices, according to the World Gold Council. Investment demand here depends heavily on the monetary policies of the European Central Bank and the Federal Reserve. At the Fed, an early end to rate hikes should be good for gold prices. The highest level of key interest rates and this for decades can be found at the Bank of England and the European Central Bank. Therefore, the trend is also towards outflows in the ETF market.
The situation is different in Asia. Here resident funds register inflows. Gold can be bet on with the values of Maple Gold Mines or GoldMining.
Maple Gold Mines (- https://www.commodity-tv.com/ondemand/companies/profil/maple-gold-mines-ltd/ -) and its partner Agnico Eagle Mines have already reported very good drilling results. The Joutel and Douay gold projects are located in Quebec
GoldMining (- https://www.commodity-tv.com/ondemand/companies/profil/goldmining-inc/ -) owns promising gold and gold-copper projects in North and South America as well as a large block of shares in Gold Royalty and in U.S. GoldMining.
Current corporate information and press releases from Maple Gold (- https://www.resource-capital.ch/en/companies/maple-gold-mines-ltd/ -) and from GoldMining (- https://www.resource-capital.ch/en/companies/goldmining-inc/ -).
In accordance with §34 of the German Securities Trading Act (WpHG), I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of this news is valid.
Disclaimer: The information provided does not constitute any kind of recommendation or advice. Express reference is made to the risks involved in securities trading. No liability can be accepted for any damages arising from the use of this blog. I give to consider that shares and in particular warrant investments are connected in principle 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 a mistake, especially with regard to figures and prices. The information contained is taken from sources that are considered reliable, but in no way claim to be correct or complete. Due to judicial decisions the contents of linked external pages are to be answered for (so among other things regional 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 pages. The respective operators are exclusively responsible for their content. The
disclaimer of Swiss Resource Capital AG applies additionally: https://www.resource-capital.ch/....
By the end of the year at the latest, an upward trend in the gold price should be established. Because this is more likely than a downward trend. Sentiment, with economic risks firmly in view, is still weighing on the price of the precious metal. Craig Parry (co-founder of Inventa Capital), for example, sees particularly good opportunities in the junior resource sector. The time now, he says, is comparable to the years before the 2010 boom, when there were an extreme number of acquisitions and mergers. This seems to be happening again now. Similar to 2005 and 2006, the mergers and acquisitions were like a harbinger.
Parry sees high-quality junior companies as an exceptional buying opportunity right now. At the latest when the global gold ETF market turns around - as for the fourth month in a row the ETF market suffered a decline in its holdings - the gold price should rise. Incidentally, despite the decline in ETF holdings, asset values have risen in percentage terms because of robust gold prices, according to the World Gold Council. Investment demand here depends heavily on the monetary policies of the European Central Bank and the Federal Reserve. At the Fed, an early end to rate hikes should be good for gold prices. The highest level of key interest rates and this for decades can be found at the Bank of England and the European Central Bank. Therefore, the trend is also towards outflows in the ETF market.
The situation is different in Asia. Here resident funds register inflows. Gold can be bet on with the values of Maple Gold Mines or GoldMining.
Maple Gold Mines (- https://www.commodity-tv.com/ondemand/companies/profil/maple-gold-mines-ltd/ -) and its partner Agnico Eagle Mines have already reported very good drilling results. The Joutel and Douay gold projects are located in Quebec
GoldMining (- https://www.commodity-tv.com/ondemand/companies/profil/goldmining-inc/ -) owns promising gold and gold-copper projects in North and South America as well as a large block of shares in Gold Royalty and in U.S. GoldMining.
Current corporate information and press releases from Maple Gold (- https://www.resource-capital.ch/en/companies/maple-gold-mines-ltd/ -) and from GoldMining (- https://www.resource-capital.ch/en/companies/goldmining-inc/ -).
In accordance with §34 of the German Securities Trading Act (WpHG), I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of this news is valid.
Disclaimer: The information provided does not constitute any kind of recommendation or advice. Express reference is made to the risks involved in securities trading. No liability can be accepted for any damages arising from the use of this blog. I give to consider that shares and in particular warrant investments are connected in principle 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 a mistake, especially with regard to figures and prices. The information contained is taken from sources that are considered reliable, but in no way claim to be correct or complete. Due to judicial decisions the contents of linked external pages are to be answered for (so among other things regional 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 pages. The respective operators are exclusively responsible for their content. The
disclaimer of Swiss Resource Capital AG applies additionally: https://www.resource-capital.ch/....
