Year-end rally in gold columns

Much is different this year than usual, thanks to the pandemic. The question is whether gold will rise in price.

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 – – 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 – – 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 (- -).

In accordance with Section 34 of the WpHG, I would like to point out that partners, authors and employees can 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 these messages applies.

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 assumed for damage caused by using this blog. I would like to point out that stocks and especially warrant investments are generally associated with risk. The total loss of the capital employed cannot be ruled out. All information and sources are carefully researched. However, no guarantee is given for the correctness of any content. Despite the greatest care, I expressly reserve the right to make errors, particularly with regard to figures and rates. The information contained here comes from sources that are believed to be reliable, but do not claim to be correct or complete. Due to court judgments, the content of linked external pages is jointly responsible (e.g. Hamburg Regional Court, in the judgment of May 12, 1998 – 312 O 85/98), as long as no express distancing is made. Despite careful control of the content, I assume no liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource AG also applies:

PERSONAL-FINANCIAL.COM publishes analyzes, columns and news from various sources in this section.
PERSONAL-FINANCIAL.COM AG is not responsible for content that is recognizable by third parties in the “News” area
This website has been discontinued and does not adopt it as its own. These contents are in particular through
a corresponding “from” mark below the article heading and / or through the link
“To read the full article, please click here.” responsible for
this content is solely the named third party.


Related Articles

Back to top button