2023 – the year of the rabbit

The Year of the Rabbit brings innovations, it begins on January 22, 2023. There is a connection between raw materials and the Chinese New Year.

So, the turbulent tiger year will soon be over. Tigers are considered to be cruel and wild. All the mischief that 2022 brought us is well known. Rabbits are fast, clever, patient and responsible. Perhaps the Rabbit year will bring more peace and positive events again. According to astrologers, 2023 should be rather peaceful and harmonious. The Chinese New Year is in focus because there are big movements in metal prices around this time, for example, copper. The cyclical metal often experiences a turning point around Chinese New Year.

Demand for electrification and decarbonization is evident, offsetting weak real estate demand in China. In addition, inventories are low. As a result, analysts at BofA Securities, a U.S. multinational investment banking division of Bank of America, have also moved from a cautious to a more constructive stance on copper. Whereas initially a copper surplus of more than one million tons of copper was expected by 2023, this has shrunk and is now more like 500,000 tons. Thus, the copper price is expected to bottom out in 2023.

In addition to an investment in copper, the experts at BofA Securities now recommend gold and precious metals companies. Because they forecast a gold price of over 2,000 U.S. dollars per troy ounce. The approximately 10,000-year history of the real assets of gold is reassuring and gold is the new alternative store of value. In gold and copper, for example, GoldMining or Torq Resources are suitable for an investment.

Both have gold and copper in their projects. In the case of GoldMining – https://www.commodity-tv.com/play/mining-newsflash-with-first-tin-vizsla-silver-revival-gold-gold-royalty-and-goldmining/ -, these are located in North and South America.

Torq Resources – https://www.commodity-tv.com/play/torq-resources-gold-fields-as-new-strategic-investor-follow-up-on-promising-discovery-at-margarita/ – is focused on Chile. Let’s hope that the Year of the Rabbit will indeed bring calming, reconciliation, and renewed harmony and peace.

Current corporate information and press releases from GoldMining (- https://www.resource-capital.ch/en/companies/goldmining-inc/ -) and Torq Resources (- https://www.resource-capital.ch/en/companies/torq-resources-inc/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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