Which miners to have an eye for if Gold price surges
In this post we are going to discuss the strength of individual Gold miners to have an eye for if Gold price is going to surge in future.
As we know Gold price is hitting as well as crossing the all-time high of 1,921.20 (printed by Gold in the month of September 2011) for the last 3 consecutive months, viz. July 2020, August 2020 and September 2020. In the process, Gold price has created a new all-time high of 2,075.3 in the month of August 2020. Now the question, people are asking now is: which miners’ stock price to be monitored for taking positions if Gold price is going to surge in future.
As far as surge in Gold price and taking positions (buying Gold Mining company’s shares or CFDs) are concerned
we are keeping the following shares in our Share Trading portfolio:
- De Grey Mining Ltd (Ticker: DEG)
- Chalice Gold Mines Ltd (Ticker: CHN)
- Capricorn Metals Ltd (Ticker: CMM)
- West African Resources Ltd (Ticker: WAF)
- Bellevue Gold Ltd (ticker: BGL)
Let us now see the growth of these shares in the last one year one at a time and possibly identify the future potentials in them if Gold price surges in future.
- De Grey Mining Ltd (Ticker: DEG): DEG has appreciated a mammoth 3,455.56% in 33 weeks starting from 03-Feb-2020 (Week number 06) till 21-September-2020 (Week number 39). In the week 06, DEG had the low price printed as 0.045 and in the week 39 DEG went up to 1.600. Now at the time of writing this post, DEG is trading at a price level of 1.190. Technically DEG is having the potential to go up to the 1.600 price level again, if the market conditions stay favourable, which will be a straight jump of 34.45%.
2. Chalice Gold Mines Ltd (Ticker: CHN): CHN has appreciated a mammoth 1,886.21% in 29 weeks starting from 09-Mar-2020 (Week number 11) till 28-September-2020 (Week number 40). In the week 11, CHN had the low price printed as 0.145 and in the week 40 CHN went up to 2.88. Now at the time of writing this post, CHN is trading at a price level of 2.58. Technically CHN is having the potential to go up to the 2.88 price level again, if the market conditions stay favourable, which will be a straight jump of 11.63%.
3. Capricorn Metals Ltd (Ticker: CMM): CMM has appreciated a mammoth 1,181.08% in 45 weeks starting from 04-Nov-2019 (Week number 45 of last year) till 14-September-2020 (Week number 38). In the week 45 of last year, CMM had the low price printed as 0.185 and in the week 38 this year CMM went up to 2.370. Now at the time of writing this post, CMM is trading at a price level of 1.755. Technically CMM is having the potential to go up to the 2.37 price level again, if the market conditions stay favourable, which will be a straight jump of 35.05%.
4. West African Resources Ltd (Ticker: WAF): WAF has appreciated a massive 3,455.56% in 25 weeks starting from 23-Mar-2020 (Week number 13) till 14-September-2020 (Week number 38). In the week 13, WAF had the low price printed as 0.365 and in the week 38 WAF went up to 1.190. Now at the time of writing this post, WAF is trading at a price level of 1.105. Technically WAF is having the potential to go up to the 1.190 price level again, if the market conditions stay favourable, which will be a straight jump of 7.69%.
5. Bellevue Gold Ltd (ticker: BGL): BGL has appreciated a massive 335.09% in 27 weeks starting from 16-Mar-2020 (Week number 12) till 21-September-2020 (Week number 39). In the week 12, BGL had the low price printed as 0.285 and in the week 39 BGL went up to 1.240. Now at the time of writing this post, BGL is trading at a price level of 1.080. Technically BGL is having the potential to go up to the 1.240 price level again, if the market conditions stay favourable, which will be a straight jump of 14.81%.
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Written by
Partha
Partha Banerjee is the Founder, Principal Trader, and Director of N P Financials Pty Ltd, one of Australia’s most respected ASIC-regulated proprietary trading and trader-training firms and an AFSL holder. With decades of experience across multiple market cycles, Partha is known for his disciplined, structure-first trading approach, grounded in transparency, risk management, and real-market execution.
He actively trades the same strategies he teaches, specialising across Forex, Equities, Commodities, Indices, Cryptocurrencies, and intraday markets. Under his leadership, N P Financials has become a globally recognised trading education and proprietary trading organisation, earning multiple national and international awards for regulatory excellence, educational depth, and long-term trader outcomes.
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