In March 2020, inflation began, the reason being the pandemic and the associated lockdowns. Fearing deflation due to lockdowns, the money printing machines were fired up and ramped up to the speed of light. The surplus of money became larger and larger. This drove up prices. Governments like to disguise the true inflation figures, so they don't cause political damage. The price of gold does not yet reflect these new realities. Although overall inflation exploded, the price of gold barely rose.
Looking at the summer of 2020, when there were nominal all-time highs, gold was extremely overbought, so that a correction had to follow. After the now high consolidation of the gold price, a price breakout should be imminent. This is because investor sentiment is good and so is the technical data. As soon as the stock markets weaken, the demand for gold investments will increase. After all, gold has a long track record of incredible performance in inflationary times. And again, as the most important inflation hedge in history, the price of gold will eventually wake up and respond during these extraordinary money printing times. When the Fed began printing money, gold rose a dramatic 40 percent over the next four to five months. Today, the U.S. dollar supply has roughly doubled, so a major new bull market upswing is expected. Therefore, it would be fine to have positioned oneself already in gold, in particular in gold shares. Here Fury Gold Mines or Torq Resources would come into consideration.
Fury Gold Mines - https://www.youtube.com/watch?v=OxpuMtl-rsE - has projects in three excellent areas in Canada, Nunavut, Quebec and British Columbia.
Torq Resources - https://www.youtube.com/watch?v=zIF_oyxVLXI - has positioned itself in Chile. The three projects contain gold and copper.
Current corporate information and press releases from Fury Gold Mines (- https://www.resource-capital.ch/en/companies/fury-gold-mines-ltd/ -) and Torq Resources (- https://www.resource-capital.ch/en/companies/torq-resources-inc/ -).
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.
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