Gold's Historic Price Movement Around Thanksgiving According to Mining.com, now may be an opportune moment to consider investing in gold as its market dynamics shift. Historically, gold tends to form a short-term top and begin a decline in the weeks around Thanksgiving, particularly during U.S. presidential election years. However, this pattern is often followed by significant recovery opportunities.
Recent market analysis indicates that while gold and miners have not rallied strongly despite a dip in the U.S. dollar index (USDX), long-term fundamentals remain favorable with gold’s historical performance suggesting potential buying opportunities for investors with a long-term perspective. (Source:
https://www.mining.com/web/gold-price-ahead-of-the-thanksgiving-weekend/)
Creating a powerhouse with 6 million ounces of gold resources, NexGold Mining's (NEXG.v, NXGCF) merger with Signal Gold is a game-changer, positioning the company as a leading near-term gold producer in Canada with a robust portfolio of assets.
Combining NexGold’s Goliath Gold Complex and Signal Gold’s Goldboro project, key incoming milestones for the company include the Goliath feasibility study (Q1 2025), a construction decision (H2 2025), and plans for 200,000 ounces of annual production.
For more information, refer to this deep dive:
https://x.com/StckMasterFlash/status/1861166594983940551