To The Moon

The biggest winner is gold of the two major risk events involving $SVB Financial Group(SIVB)$ and $Credit Suisse Group AG(CS)$, as the price of gold has approached the key level of 2000.

Considering that the historical high is not far away, it is necessary to pay attention to the downside risk if the current pattern is maintained and there is no stronger driving force on the news front in the next 3-4 weeks.

In the longer term, gold has the opportunity to refresh its highs, but the timing and news may come later.

Will the price of gold challenge the 2100 level?

The answer will be revealed next week at the Federal Reserve meeting.

The 2100 level is the high point at the beginning of the Fed's rate hikes, and now that gold has returned to this level, does it mean that the market believes that future interest rate cuts will also come to this level?

For those who are bullish, it is important to pay attention to the pressure of gold price pulse near the 2100 level in the short term, and a correction should occur from a technical standpoint. For those who are bearish, they should also focus on this position, as adjustments in this area can be significant, with moves of over 100 points, which can lead to short-term gains.

If yes, $DB Gold Double Long ETN(DGP)$ looks like a good option.

Most investors want to not just buy gold but become a winner investing in gold.

$DB Gold Double Long ETN(DGP)$ is a gold-based note issued by Deutsche Bank, and the main feature of the product is to go long the spot gold price with twice the leverage, i.e. twice the amount of the increase or decrease in the spot gold price.

The biggest winners in the rising price of gold - gold miners

Investors can benefit from the upcoming gold bull market by investing in multiple mining companies through a single trade. One easy way to do this is through the $VanEck Gold Miners ETF(GDX)$, which holds around 50 gold mining companies, including those with the world's largest gold deposits.

As the price of gold continues to rise, the stocks held by the $VanEck Gold Miners ETF(GDX)$ are likely to soar, offering high returns with relatively low risk. It is important for investors to keep an eye on the trend of the gold market and look for a steady upward movement before buying mining companies.

Below are the performance and analysis of gold industry stocks:

1. $Agnico Eagle Mines(AEM)$

Agnico Eagle Mines Limited is a senior miner and a component of the GDX ETF. At just over $20B, USD it ranks fourth. 

Last year it effectively merged with another senior miner, Kirkland Gold, which was focused heavily on Canadian mining operations. It has improved Agnico’s All In Sustaining Cost (AISC) per ounce produced despite inflationary pressures when compared with last year.

It also has an offer to purchase Yamana Gold which will increase production within Canada even further.

2. $Torex Gold Resources, Inc.(TORXF)$

While Torex Gold done a much better job than its peers.

This is evidenced by having one of the better balance sheets sector-wide, sitting on more than enough liquidity to fund Media Luna when including future cash flow, and tracking on time and on budget with the project set to be near 20% completion at the end of Q1 2022, and reporting record production at ~44% AISC margins in FY2022.

3. $Franco-Nevada(FNV)$

During the fourth quarter of 2022, Franco-Nevada Corporation generated $320.4 million, down from $327.7 million in the same quarter a year ago and up 5.3% sequentially.

With Osisko owning one of the most robust projects globally (which could lead to a takeover) and the possibility of first gold production by Q4 2025.

5. $Equinox Gold Corp.(EQX)$

Equinox Gold released its Q4 and FY2022 results last month, reporting quarterly production of ~150,400 ounces and FY2022 production of ~532,300 ounces.

6. $Seabridge(SA)$

Seabridge Gold owns 100% ownership of an extensive portfolio of premium North American exploration Projects with six gold core projects and three non-core projects.

The most critical project that will make or break the company is the KSM project, which is the most advanced and has the potential to find an acquirer in the next few years.

7. $Sabina Gold & Silver Corp(SGSVF)$

With it successfully financing its Goose Project, enjoying exploration success near-mine, and advancing the project with significant underground development completed.

Assuming all goes to schedule, Sabina will become one of Canada's lowest-cost gold miners in H2-25 when it reaches commercial production, with a 300,000-ounce production profile at sub $800/oz AISC.

At the end, it is important to pay attention to the pressure of gold price pulse near the 2100 level in the short term. In the longer term, gold has the opportunity to refresh its highs, but the timing and news may come later.