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Eldorado Gold Corp T.ELD

Alternate Symbol(s):  EGO

Eldorado Gold Corporation is a gold and base metals mining, development, and exploration company. It has mining operations, ongoing development projects and exploration in Turkiye, Canada, and Greece. It operates four mines: Kisladag and Efemcukuru located in western Turkiye, the Lamaque Complex in Quebec, Canada, and Olympias, located in northern Greece. Kisladag, Efemcukuru and Lamaque are gold mines, while Olympias is a polymetallic operation producing three concentrates bearing gold, lead-silver and zinc. The Lamaque Complex is located in Val-d’Or, Quebec. It includes the Triangle Mine (Upper and Lower), the Ormaque Deposit, the Parallel Deposit, the Plug #4 Deposit, and the Sigma Mill. Efemcukuru is an underground operation located in Izmir Province in western Turkiye. Its other development project in its portfolio includes Perama Hill, a gold-silver project in Greece. Its Stratoni is an underground, silver-lead-zinc mine located in the Halkidiki Peninsula in northern Greece.


TSX:ELD - Post by User

Post by CatamaranFundon Jun 10, 2022 11:15am
126 Views
Post# 34747124

Wisdom Tree Gold forecast: all-time highs are still possible

Wisdom Tree Gold forecast: all-time highs are still possibleKitco's Rajan
 
Wisdom Tree's Head of Commodities and Macroeconomic Research, Nitesh Shah has analyzed the Fed's latest movements and the general macro picture and posted a downward revision for the yellow metal in his latest research note.
 
"With the Federal Reserve maintaining a hawkish tone, bond yields have risen, and the US Dollar remains strong. As a result, we have edged down our gold forecasts, but the risk of central banks overdoing it could send gold soaring, especially if inflation remains high while economic growth is hurt."

"...On a positive note, Shah noted "We have observed that gold is holding up well relative to bond markets...Gold is an asset that generally performs well in adverse economic and financial conditions. With fears of a recession rising, investors are increasingly turning to gold as a hedge."

Reference: https://www.kitco.com/news/2022-06-10/Wisdom-Tree-has-revised-its-gold-forecasts-but-still-thinks-all-time-highs-are-on-the-cards.html

So with all the sideways movement & consolidation of bullion prices, Gold may be "Busting Loose" shortly. Take advantage of these dips and Eldorado gold stock and Buy low Sell high.

Cheers to the patient gold miner investors
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