West Red Lake Gold Mines Ltd.’s Post

It is recently being reported by multiple source (including GoldBroker) that Eastern European and Asian countries' gold reserves are growing at a vastly quicker rate than most Western Countries. What implications do you think this has for the global gold market?

While the gold is at a record high in nominal terms, it is still almost 20% below its prior peak in real terms.

Interesting read from The Market Herald about the outlook of gold in 2024, which features insights from our report on the quarterly average trends for the AISC of global gold miners. You can read the article here: https://ow.ly/3O0v50QpQco #Gold

#gold futures are liquid and accessible to most investors, offering three different contract sizes for small to large investors, and those somewhere in the middle. #rjofutures

In the eighth straight session, the local gold market has continued its upward trend, driving the price of 24-karat gold to new heights. Read more: https://lnkd.in/dEVARvuT #TheCurrent #GoldPrice

May saw another positive month for gold. It takes year to date returns to 13%. Some key points to note: - Signs of dollar weakness - Slowing outflows from gold ETFs. First rate cut will be important here - Long positioning in the futures market As well as these shorter-term & positive themes for gold, the long-term thesis for a strategic allocation remains. Further details in our monthly commentary below.

Gold spent 63 days in the present formation since it peaked on April 12, 2024 after a 2-month 23% rally since February 14, 2024. I expect gold to breakout from this formation by late June early July. There are not many factors outside the market that are favorable for gold to rise, so before that, the gold price needs more correction space to break through this price range.

Gold has been a valuable commodity for centuries. People across the world believe in gold as an investment because gold is known to protect your investments in the long run. While gold performs well sometimes, it’s not always clear when to purchase it. It's difficult to predict when gold prices will fluctuate. However, recently the price of gold has experienced its lowest point in one month. This could be one of the reasons for #OneBestie to buy gold at a cheap price. #OneAset #InvestasiGakRibet #MyPrecioussss #PhysicalGold #GoldNews

Gold Report: On to new heights! The price of gold recently climbed to a new all-time high of over USD 2,600 an ounce and seems to be bouncing from one record high to the next. The question is, where do we go from here? 📌 Find out in the newest report by Aaron Alber, CIIA, CESGA: https://lnkd.in/dYA7AJJt

Gold has a strong historical track record, gaining over 450% the last time similar conditions occurred and over 1800% the time before that. It’s essential to remember that gold measures the loss of purchasing power, not market manipulation. Got Gold? #gold #purchasingpower