Daily report from April 17, 2024
Marketing communication
Gold prices improved from $2,375 to $2,382/oz in New York trading yesterday. This morning, the price of gold in trading in Shanghai and Hong Kong has shown little change and is currently trading at $2,381/oz, $3/oz below the previous day’s level. Gold mining stocks are performing inconsistently around the world.
From the global financial crisis to the crack-up boom (catastrophe boom)
Wholesale prices fall 3.0% in March. In February the rate was also 3.0%.
The precious metal markets
On a euro basis, the price of gold is falling slightly with an unchanged dollar (current price 71,966 euros/kg, previous day 72,289 euros/kg). On July 27, 2020, after a long-term upward movement, the gold price exceeded the target price range between $1,700 and $1,900/oz. Due to the uncontrolled government and corporate financing by central banks in the shadow of the Corona crisis, we have raised the price target for the gold price to $2,300/oz to $2,500/oz and recommend investing fully in gold, silver and precious metal stocks due to the lack of investment alternatives remain. In the coming inflation phase (crack-up boom, description in the magazine “Smart-Investor”, April 2009 issue (the target price of the gold price will have to be raised significantly.
Silver is falling (current price $28.22/oz, previous day $28.78/oz). Platinum is losing (current price $948/oz, previous day $968/oz). Palladium is falling (current price $1,002/oz, previous day $1,010/oz). The base metals develop inconsistently. The price of oil is falling (current price $89.53/barrel, previous day $90.70/barrel).
North American values develop more easily. The Xau index loses 1.3% or 1.8 to 133.0 points. At standard values, Barrick falls 5.0%. Franco-Nevada gains 0.8%. Among the smaller stocks, First Mining fell by 8.8% and GoldMining by 5.1%. K92 improves 4.1%. When it comes to silver stocks, Metallic falls 17.1%, Excellon 9.1% and First Majestic 8.2%. New Pacific improves 9.3% and Aya 5.6%.
South African stocks are performing weaker in New York trading. Impala loses 4.3% and Sibanye 2.3%.
Australian values are trending favorably this morning. Among producers, Evolution is up 7.5% (quarterly report published), Pantoro is up 6.5% and St Barbara is up 5.7%. Aurelia drops 5.6% and Calidus 4.0%. In terms of exploration values, Nexus gained 14.8% and Focus 8.1%. When it comes to metal stocks, Image improves by 7.5% and Lynas by 5.9%.
also read
Discuss the values included