Our cycle work maintains a bullish advance into March that should propel gold to approximately $1700 before the next meaningful correction.
Consolidation Nearly Complete
The mid-cycle consolidation that began in January is almost complete. Some consider this a running type because of the upward bias (similar to July), I agree. A daily close above $1600 in the coming days will trigger the next advance to around $1700 before prices enter a more severe correction.
Anglo Pacific Group plc (LON:APF) has a 2.5% life of mine NSR royalty on the El Valle-Boinàs/Carlés gold, copper and silver mine owned by TSX-listed Orvana Minerals Corp.