Good find Major.I particularly like Peter Schiff, Head of Euro...

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Cazzal1th

39 Posts.

29/12/18

07:20

Post #: 36978435
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Originally posted by MajorJohnny: ↑

Gold stocks set to shine in 2019 as investors flock to safe-haven metal

By
Lauren Barrett
-
December 27, 2018

Exploration spend tracking upwards

With gold prices projected to track higher over the near-to-medium term, gold-focused companies will be armed with an incentive to ramp up exploration efforts.
According to the Resources and Energy Quarterly report, Australia’s gold exploration expenditure rose by 24% year-on-year (in the 2018 September quarter) to $240 million, likely driven by an expected rise in gold prices in 2019 and beyond.

Money has been returning into gold exploration in recent years.
With all indicators pointing to a buoyant gold market come 2019, Australia’s producers will waste no time ramping up production to capitalise on improved market conditions for the precious metal.
Gold miners produced nearly 80 tonnes of gold in the September period, representing a 9.8% year-on-year increase.
With more growth on the horizon driven by mine expansion and greenfield operations coming online, Australia’s gold mine production is forecast to expand 3.6% in 2018–19.
Higher export volumes and a weaker outlook for the Australian dollar and US dollar exchange rate will prove favourable for Australia’s gold export earnings which are forecast to increase by 0.4 and 3.9% in 2018–19 and 2019–20 to $19 billion and $20 billion, respectively.

Complete article url below

https://smallcaps.com.au/gold-stocks-set-to-shine-2019-investors-safe-haven-metal/

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Good find Major.
I particularly like Peter Schiff, Head of Euro Pacific Capital’s forecast “the market could soon see US$ 5,000/Oz”

CAI Price at posting: 2.8¢ Sentiment: Buy Disclosure: Not Held
5 Upvote

0 Great analysis

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Good find Major.I particularly like Peter Schiff, Head of Euro...

Top Stories

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

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Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Sales growth pushes Lovisa's fortunes (and shares) upwards

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Scientific conference spotlights PYC's work on blindness disease treatment