Gold Resource: Something To Like, Just Not The Dividend

Gold Price Outlook Gold Resource Corporation (GORO) relies primarily on the gold and, to some extent, the silver mining environment. Before diving into the company itself, it helps to look over likely gold and silver prices in the near future.
"2018 Gold Price Forecasts" by TrustableGold explains that with steady supply, demand will be the main variable affecting gold prices into next year. The kicker is that demand from investors is hard to gauge. Gold is considered a buffer to sinking currency value, geopolitical stress, recessions, and other generally unpleasant phenomena. The article quickly zooms in on the Trump Administration's antics and Saudi Arabia-Iran, in particular, tensions as a key driver of risk and uncertainty; therefore greater demand and price. Nonetheless, it's hard to extract a definite conclusion.
In case that you have a clear expectation of future developments, e.g., with regard to the discussed risks, you could try to position yourself accordingly. But as discussed, even then, the effect of a materializing risk on the gold price could even then not clearly be predicted."
A summary of expected gold prices in 2018 gives a range of $1138 from the World Bank to $1500 according to Canada-based RBC Capital Markets. Another source, the Lombardi Letter, argues for gold prices $1350-1400 per ounce in 2018. From current reported prices of $1297.10/ounce, that is a modest increase of, at most 7.7 percent. Leaning towards the cautious... Read more

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