logo-loader
Proactive Group

Gold’s strong start to 2018 now a 'distant memory' - Mining Capital's Alastair Ford

''Bears have been dominant in gold markets in recent weeks as US dollar strength has consolidated'', Mining Capital's Alastair Ford tells Proactive Investors.

Towards the end of February it traded as high as US$1,360 an ounce, making those miners who modelled production plans at US$1,250 look conservatives.

Now, though, those models are starting to look less secure, as the gold price pushes down towards US$1,280, and with plenty of reason to suppose it could go lower still.

Ford also discusses Arc Minerals Ltd's (LON:ARCM) move this week to acquire a controlling stake in Zamsort Ltd.

Plus he gives a quick mention of Meteoric Resources NL (ASX:MEI) and their plans to advance their cobalt assets in Canada.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Mining Capital's Alastair Ford charts continued strength in gold price

Mining Capital's Alastair Ford addresses suggestions gold could be heading towards a new high of $2000/oz. ''I think that's quite an ambitious target to be setting at this point ... the next breakout number $1525/oz and thereafter the chartists will look for something like $1560/oz''. ''If...

3 days, 10 hours ago

2 min read