DC - Dakota Gold Could Fall Sharply Amid Market Indifference To Explorations

2023-03-26 00:56:14 ET

Summary

• The current recovery in gold prices may be short-lived and a negative trend reversal could cause major problems for holdings in US-listed gold stocks.
• Current positive catalysts for gold may be fading, and analysts are forecasting lower prices per ounce in 2023.
• Dakota Gold Corp. appears overvalued relative to the gold price outlook and given the markets' lack of enthusiasm for the company's exploration results.
• As such, investors should trim their positions in Dakota Gold as shares prepare for a decline unless new catalysts could spark a new bull market. But a recession, which would reawaken interest in gold as a safe haven, is currently not to be expected.

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