Technically, there is a support line at $1,720. Although fears of recession, war and inflation persist, the price of gold has been falling lately. However, this could be the last move lower from the high of $2,070/troy ounce. And if the price of the precious metal breaks above $1,755, according to chart technicians, then a easing would be the order of the day. A price above US$1,755 an ounce would pave the way for a further price recovery. However, if the price falls below $1,700, then more losses are imminent.
Some analysts expect a banking crisis. Because there are great risks if companies cannot pay their loans. The downward trend of the euro against the dollar, as well as the bonds accumulated by the European Union, are also worrying. There are voices calling the Eurosystem bankrupt. Economists expect a recession in Germany in the second half of the year. Some kind of clearing and realignment will come. Above all, high energy prices will lead to the bankruptcy of companies.
Consumers are already saving because a harsh winter ahead with inflation and high energy prices. It is precisely these two factors that lead to a painful loss of purchasing power for each individual. The dissenting voices do not see the situation so gloomy, because on the one hand the price of crude oil has already fallen and the disruption in supply chains is also easing. No matter how much purchasing power you consume next winter, the only tried and tested means of counteracting currency devaluation is gold. That’s why gold mining stocks also belong in a well-diversified portfolio.
I would be here Skeena Resources – https://www.youtube.com/watch?v=1r-ucaXndpA – one option. The Company is revitalizing the former Eskay Creek gold and silver mine in British Columbia’s Golden Triangle.
golden renaissance – https://www.youtube.com/watch?v=XlBdMF8W_zM – is working on the drill program at its Beartrack-Arnett gold project in Idaho. This is also a property that he has previously produced.
Current company information and press releases from Skeena Resources (- https://www.resource-capital.ch/de/unternehmen/skeena-resources-ltd/ -).
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