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Gold now seems to be holding new support levels, currently the large speculators are probably responsible for this, because their net long positions have increased sharply in the past week.  Optimism has not been this high since around mid-2019. But the price rise could continue. There have been changes in investor expectations about the Federal Reserve’s monetary policy. A slower pace is generally expected, this with inflationary pressures remaining high. The next rate hike by the Fed is expected to be 50 basis points. The target, a gold price of 1,800 U.S. dollars per troy ounce is thus within reach. The gold market was able to hold the gains of last week, which means the best performance in about two years. Now could be the opportunity to position themselves with an engagement in the new bull market trend and to profit from it.

And at the same time, U.S. bond yields have fallen well below four percent. Even if the U.S. dollar has not quite peaked and bonds have not yet found their bottom, the gold price now has a tailwind. In addition, precious metals are heavily underweighted by both retail and institutional investors. Gold ownership relative to equity market assets under management is just 0.5 percent. This compares to 1.5 percent in 2011. As precious metals shine again as safe havens, investors should visibly target them and look at companies like Skeena Resources or Trillium Gold Mines.

Skeena Resources – https://www.youtube.com/watch?v=mlLx1cv1Q8A – is reviving the previously producing Eskay Creek gold-silver mine in British Columbia. The September 2022 feasibility study is extremely positive.

Trillium Gold Mines – https://www.youtube.com/watch?v=5ILnR9Y6Vfc – operates in the Red Lake district of Ontario. Flagship project is the Newman-Todd property, which has excellent drill results.

Current corporate information and press releases from Trillium Gold Mines (- https://www.resource-capital.ch/en/companies/trillium-gold-mines-inc/ -) 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.

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/