December 2019 I wrote an article : The times for mines has come
It was a good call !
But it remains far from the top !Lire la suite
Central Banks (China, Russia and some other small) have been buying gold. The net balance started to be positive from 2010
Unfortunately for the European and North American “tax payers”, their Central banks did not purchase any gold ouncesLire la suite
In one of my past articles, I launched a screaming buy on gold.
It was mid October 2015 and gold price was quoting around 1050 $: https://www.crottaz-finance.ch/blog/lor-et-les-mines-cest-parti-mon-goldy/ (sorry only in french but fell free to use an internet translator, it works well)
From that period, the gold rallied 280 $ for a performance of +26%, mines followed the move.
This year 2018 something strange happened.
A big de-correlation between gold price evolution and mines
I have no explanation, but probably gold mines are paper gold and may be people do not really understand the industry. For the moment the sector looks like dead but:
Today the mines are quoted with a discount regarding the bullion:
and gold vs mines on a long run show again the de-correlation.
I still think gold is going to continue its rally and will break the resistance (it already broke the down trend) and gold companies are going to release nice profits.
On a technical side:
My thoughts and believes are .
graph issued this article: http://www.kitco.com/news/2018-02-22/Canada-Is-The-New-Top-Mining-Destination-Worldwide-Survey.html
In conclusion; Buy a developer, high grade, good quality, low AISC, in a safe juridiction.
As bargain, I have found a very cheap developer stock reaching all the above points and I keep at your disposal its name
If you would like to contact me to know more about this company, feel free: https://www.crottaz-finance.ch/contact/.
As disclaimer, I have to mention that gold shares can be very volatile.