The insolvency of the USA has apparently been averted once again, but with consequences.
An agreement on the debt ceiling could support the US dollar and US debt securities. This would not be a positive omen for the gold price. But the markets and market participants continue to look to the future. Thus, debt creation continues. In the long run, this can't be good for the U.S. dollar either. In turn, this is a long-term positive sign for the gold price. For chart technicians, the possible turnaround from a downtrend to an uptrend in the gold price has already been heralded.
But there are other factors that speak for a strong gold price. Many things are currently in crisis, just think of the relations between the U.S. and China, on which much depends. And the sanctions against Russia have exacerbated the relationship between the two great powers. Then there are the problems that still exist in the U.S. banking sector. This could prompt central banks to crank up the money printing machine more again, despite high inflation. Things are also not looking good in the commercial real estate sector in the USA, with values falling as well as rents. On the other hand, the economic rise of the citizens of China and also India is significant for higher prices in gold.
It is still open whether the Fed will decide to raise interest rates again on June 14 or whether it will already pause. However, gold is the ultimate asset. What could also do the gold price good would be falling oil prices. Because if oil prices fall, which seems very possible at the moment, then this would lead to a more moderate stance by the Fed, which in turn is good for gold. Industry insiders believe silver in particular is capable of a violent rally shortly. Since silver stocks have not performed as well as the silver price itself, there is therefore great potential here for higher prices in silver mining stocks. In order to be part of rising prices, stocks from Chesapeake Gold or Calibre Mining, for example, are recommended.
Chesapeake Gold - https://www.commodity-tv.com/ondemand/companies/profil/chesapeake-gold-corp/ - is active in North and South America. The flagship Metates project (Durango) contains gold, silver and zinc. It is one of the largest undeveloped gold and silver deposits in the world.
Calibre Mining - https://www.commodity-tv.com/ondemand/companies/profil/calibre-mining-corp/ - is a mid-tier gold producer with properties in North and South America. The first quarter brought record production.
Current corporate information and press releases from Calibre Mining (- https://www.resource-capital.ch/en/companies/calibre-mining-corp/ -).
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/
An agreement on the debt ceiling could support the US dollar and US debt securities. This would not be a positive omen for the gold price. But the markets and market participants continue to look to the future. Thus, debt creation continues. In the long run, this can't be good for the U.S. dollar either. In turn, this is a long-term positive sign for the gold price. For chart technicians, the possible turnaround from a downtrend to an uptrend in the gold price has already been heralded.
But there are other factors that speak for a strong gold price. Many things are currently in crisis, just think of the relations between the U.S. and China, on which much depends. And the sanctions against Russia have exacerbated the relationship between the two great powers. Then there are the problems that still exist in the U.S. banking sector. This could prompt central banks to crank up the money printing machine more again, despite high inflation. Things are also not looking good in the commercial real estate sector in the USA, with values falling as well as rents. On the other hand, the economic rise of the citizens of China and also India is significant for higher prices in gold.
It is still open whether the Fed will decide to raise interest rates again on June 14 or whether it will already pause. However, gold is the ultimate asset. What could also do the gold price good would be falling oil prices. Because if oil prices fall, which seems very possible at the moment, then this would lead to a more moderate stance by the Fed, which in turn is good for gold. Industry insiders believe silver in particular is capable of a violent rally shortly. Since silver stocks have not performed as well as the silver price itself, there is therefore great potential here for higher prices in silver mining stocks. In order to be part of rising prices, stocks from Chesapeake Gold or Calibre Mining, for example, are recommended.
Chesapeake Gold - https://www.commodity-tv.com/ondemand/companies/profil/chesapeake-gold-corp/ - is active in North and South America. The flagship Metates project (Durango) contains gold, silver and zinc. It is one of the largest undeveloped gold and silver deposits in the world.
Calibre Mining - https://www.commodity-tv.com/ondemand/companies/profil/calibre-mining-corp/ - is a mid-tier gold producer with properties in North and South America. The first quarter brought record production.
Current corporate information and press releases from Calibre Mining (- https://www.resource-capital.ch/en/companies/calibre-mining-corp/ -).
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/
