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Gold price has an upside risk in the second quarter in today’s modern era but it still has upward potential. The revival of the economy is primarily reliant on government assistance and the cushion it provides to the banking industry, and the future remains uncertain. One of the main arguments for gold is that it is a hedge against risk. And with so much liquidity out there looking for a home, the precious metal is still viewed as a needed asset at this stage of the economic recovery. We could be facing the most significant “inflation scare” we’ve seen in 40 years. Bullish factors for gold in the second quarter include negative real and nominal interest rates, longer-term inflationary fears, massive liquidity from stimuli, and developing geopolitical tensions. (1) We could be in the midst of that new leg higher. Let’s look at the gold price chart as evidence.
These other industries are said to show significant upside potential. When the shareholders began trading in November, approximately 216.67% from its $0.24 low rate in December had reached its peak in the month of April. It has recently shown signs of a powerful reversal from low to really high ratings. Since potentially finding support at $0.28 a share, it’s rallied roughly over 16% to its current price and increase to approximately $0.32. Despite its recent pullback, it could be seeing a powerful trend reversal along with the price of gold. (2) Take a closer look at the market cap, it could be significantly undervalued.
In relation to that, these other industries focused on acquiring mineral properties with exceptional exploration potential in the most prolific gold-producing regions of Fennoscandia. These other sectors have a strategic consumer in other industries, involved in executing the exploration programs and providing technical guidance. Their vision is to balance managerial, financial, and technical strengths to create an industry with maximum competitive advantage. Learn more about this competitive advantage and be part of building a world-class gold asset portfolio in Scandinavia and advance these projects to benefit all consumers. Check the disclaimer on my profile and landing page.
Source 2: https://stockcharts.com/h-sc/ui?s=GLDL.V&p=D&yr=0&mn=7&dy=0&id=p79430829303&a=949033277&listNum=3
