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Altus Strategies PLC

Gold and Silver 2019 – What to Expect

2019 looks like it is going to be the year of gold and silver: Both appear to have bottomed and are attracting new money while holding every new level of support. The weakness in metals seems to be gone and new money has been cautiously buying.

Commodities and hard assets like gold and silver should lead the way in 2019. After peaking in 2011 and subsequently collapsing, gold and silver have found their footing and spent over 5 years consolidating. Over the last five years, the range has been 1000 – 1400 and has resisted a breakout in either direction. Silver has shown similar restraint, but has been slightly weaker than gold over the same period.

 

Altus Strategies PLC (LON:ALS) is a project generator focused on Africa, including projects in the Ivory Coast. Their aim is to deliver superior shareholder returns by cost-efficiently discovering multiple projects simultaneously, prior to entering joint ventures with third parties who fund the next phases of exploration and development. 

 

 

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.