A new year – thankfully – quickly approaches, which means an avalanche of market predictions is soon to cascade across Wall Street. So, let’s jump the line and get ahead of the crowd: 2021 could well be the Year of Gold.
Not that 2020 hasn’t already been a solid year for the anti-dollar. Gold trends, at a recent $1,910 per ounce, is up 25% for the year, and there’s still the potential for an election disaster or a non-peaceful transfer of power that could propel the metal even higher on the “fear trade.”
Caledonia Mining Corporation plc (LON:CMCL) is a profitable cash generative gold producer with a strong growth profile, Caledonia’s primary asset is the Blanket Mine in Zimbabwe which produced 54,512 ounces of gold in 2018 at an All in Sustaining Cost of $802/oz.