When will the gold price take off?

Inflation, recession, stagflation and debt crises are not only a topic in this country, but also in the USA. In the case of the gold price, chart technicians are assuming an increasingly positive scenario. If gold breaks out above the mark of 1,700 U.S. dollars per troy ounce, then this would show the readiness of the precious metal to start a strong rally. Then prices above 2,000 U.S. dollars could be seen again in the new year. Some analysts even see a golden 2023 coming. According to UBS analyst Joni Teves, the price of gold has risen between one and 19 percent for every interest rate cut in the past. That's because, Teves muses, when the tightening cycle comes to an end, long-term investors will rejoice. After months of weakness, there should be opportunities for higher prices in the precious metal.

In the 1970s, for example, the price of gold went up dramatically when the Fed raised interest rates. It is uncertain when the Fed will now lower interest rates. But rate hikes could be halted, or the Fed could come to the realization that the two percent threshold for inflation is set too low. And if it becomes clear that inflation at two percent cannot be managed, a tidal wave of institutional buying of mining stocks would be possible. Incidentally, the stock market has usually rallied after U.S. midterms, no matter who the winners were. To be positioned in time, it can't hurt to look at well-positioned companies with gold in the ground.

There is Revival Gold - https://www.youtube.com/watch?v=bomWcs8Y8Vg - with its Beartrack-Arnett gold project in Idaho. An upcoming preliminary feasibility study and very good drill results (7.7 grams of gold per ton of rock) speak for the company.

In Mexico, Sierra Madre Gold and Silver has high-grade projects. Excellent historical resource estimates are available.

Current corporate information and press releases from Sierra Madre Gold and Silver (- https://www.resource-capital.ch/en/companies/sierra-madre-gold-and-silver-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/

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