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2023 – the year of the rabbit



The Year of the Rabbit brings innovations, it begins on January 22, 2023. There is a connection between raw materials and the Chinese New Year.

So, the turbulent tiger year will soon be over. Tigers are considered to be cruel and wild. All the mischief that 2022 brought us is well known. Rabbits are fast, clever, patient and responsible. Perhaps the Rabbit year will bring more peace and positive events again. According to astrologers, 2023 should be rather peaceful and harmonious. The Chinese New Year is in focus because there are big movements in metal prices around this time, for example, copper. The cyclical metal often experiences a turning point around Chinese New Year.

Demand for electrification and decarbonization is evident, offsetting weak real estate demand in China. In addition, inventories are low. As a result, analysts at BofA Securities, a U.S. multinational investment banking division of Bank of America, have also moved from a cautious to a more constructive stance on copper. Whereas initially a copper surplus of more than one million tons of copper was expected by 2023, this has shrunk and is now more like 500,000 tons. Thus, the copper price is expected to bottom out in 2023.

In addition to an investment in copper, the experts at BofA Securities now recommend gold and precious metals companies. Because they forecast a gold price of over 2,000 U.S. dollars per troy ounce. The approximately 10,000-year history of the real assets of gold is reassuring and gold is the new alternative store of value. In gold and copper, for example, GoldMining or Torq Resources are suitable for an investment.

Both have gold and copper in their projects. In the case of GoldMining – https://www.commodity-tv.com/play/mining-newsflash-with-first-tin-vizsla-silver-revival-gold-gold-royalty-and-goldmining/ -, these are located in North and South America.

Torq Resources – https://www.commodity-tv.com/play/torq-resources-gold-fields-as-new-strategic-investor-follow-up-on-promising-discovery-at-margarita/ – is focused on Chile. Let\-s hope that the Year of the Rabbit will indeed bring calming, reconciliation, and renewed harmony and peace.

Current corporate information and press releases from GoldMining (- https://www.resource-capital.ch/en/companies/goldmining-inc/ -) and Torq Resources (- https://www.resource-capital.ch/en/companies/torq-resources-inc/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 – 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/

Posted by on 12. December 2022. Filed under Internet, Picture Gallery. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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