Banks raise gold price forecasts

Gold fans and gold mine operators are rejoicing, and more positive assessments are now making the rounds. The experts at Credit Suisse, for example, forecast a gold price of 2,300 US dollars or more and see good chances for a long-term and significant breakout to the upside. Analysts at Bank of America also see the price of the precious metal at more than US$2,000 per ounce. Of course, there are also some voices from the banking sector that see gold priced well below 2,000 U.S. dollars per ounce, such as the Royal Bank of Canada.

Those who believe in a strong gold price may want to stock up on high-quality gold mining stocks right now. A long-term decision that can provide lucrativeness if investors are in time for the upswing in the mining sector. That the price of gold responds positively to declining inflation and lower consumer costs has been seen recently. The breakout of the gold price to new all-time highs is always an exciting thing. In 2009, gold had broken out above the psychologically important US$1,000 mark. After that, the gold price had almost doubled by the end of 2011. The US$2,000 mark, which is now being targeted, should then represent a new bottom. Gold stocks have often been shunned over the past two years, but now could be their time. Currently, GDX and GDXJ (junior gold miners), two mining ETFs, have broken out above their formerly strong resistance levels. Promising gold mining candidates include Victoria Gold and Chesapeake Gold.

Chesapeake Gold’s – https://www.youtube.com/watch?v=dinUyzlk36E – Metates property in Durango, Mexico is among the largest gold and silver deposits in the world. The total resource is said to be over 20 million ounces of gold and over 550 million ounces of silver.

One successful producer is Victoria Gold – https://www.commodity-tv.com/play/zuri-invest-mining-panel-with-osisko-gold-royalties-victoria-gold-and-mag-silver/ – with its Eagle Gold Mine in the Yukon. Further exploration potential exists.

Latest corporate information and press releases from Victoria Gold (- https://www.resource-capital.ch/en/companies/victoria-gold-corp/ -).

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