Normally, the gold price usually bottomed out between mid-December and the New Year. At the beginning of a new year the price often rises. At least that’s how it has been for the past eight years. But this time it is difficult to make predictions. On the one hand, the price of the precious metal has been in a correction phase since August, so that a price increase would not be surprising.
On the other hand, many investors are expecting a year-end rally, because gold has mostly delivered positive returns over the last 20 years in relation to the last quarter. Now we have the result of the election in the US and the good news about corona vaccines. Joe Biden’s election is sure to advance green energy and all that goes with it. Even if a “normal life” is still a long way off. Many companies are still badly affected by the pandemic, and SMEs are suffering. Brexit is still an issue.
The central banks and governments will certainly intervene further and increase their debts further. And if there is new liquidity, the euro and the US dollar will continue to weaken. And so the value of precious metals, especially gold, will be strengthened. The correction of gold and silver could therefore come to an end by the end of the year or early 2021. When precious metal prices rise, it is worth taking a look at silver and gold companies such as Condor Gold or Maple Gold right now.
Condor gold – https://www.youtube.com/watch?v=T4GgvtzUpTk&t=104s – is 100 percent involved in a 588 square kilometer concession package that covers 98 percent of the historic La India gold mining area. 1.12 million ounces of gold are expected.
Maple Gold Mines – https://www.youtube.com/watch?v=MqpVJhaMOHU&t=498s – Develops the Douay gold project, supported by strategic partner Agnico Eagle, in Quebec. It is 357 square kilometers of gold land in the Abitibi greenstone belt in northern Quebec.
Current company information and press releases from Maple Gold Mines (- https://www.resource-capital.ch/de/unternehmen/maple-gold-mines-ltd/ -).
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