|
Getting your Trinity Audio player ready...
|
The continued intrigue about the price of gold has been one of the themes of the year so far and the situation has remained the same in April. On April 21 there was a degree of easing in the rally in the price of gold and it would be interesting to see how the markets react to the situation.
The decision to provide an economic stimulus in China by the powers that be and the continued rally in the United States Dollar were both factors in the easing in the rally. China is the biggest buyer of gold bullion in the world but the investors confidence was not really boosted by that measure. The price of spot gold went down by 0.2% yesterday and hit $2469.98 an ounce as a consequence.
However, in case of any rally in the near future stocks of companies like Clifton Mining Company (OTC:CFTN) may be worth looking into by investors. The company, which owns a mine on the border of Utah and Nevada has been in existence since as far long back as 1993.
During the course of the past decades, it has turned into a major producer of not only silver and lead but also gold. As a consequence, it is one of the companies which may be worth tracking by investors over the coming weeks.