04. January 2021 | 11:12 CET
NIO, Fokus Mining, TUI - Off to new heights!
There were records upon records set in one of the most exciting stockmarket years, 2020. Both the DAX, Dow and the technology exchange Nasdaq jumped to new highs. The leading cryptocurrency Bitcoin started an incredible comeback and raced through its 2017 high to now USD 34,000.00. Records will tumble again in 2021. Cryptocurrencies and hydrogen and electric cars will continue to be in demand, but highs in other areas are also possible.
time to read: 2 minutes by Stefan Feulner
The shine is coming back
Gold also managed to climb to a new all-time high of USD 2,063.01 on August 6, 2020. After that, however, the precious yellow metal switched to correction mode. Due to the burgeoning hope of an imminent end of the Corona pandemic, the positive test results of several Covid vaccines, and the Trump administration's deselection, gold temporarily fell below the critical support level of USD 1,800.00, which, however, was dynamically recovered.
Currently, the price is quoted at just below USD 1,900.00. An overcoming of the downward trend formed since August at currently 1,907.00 points would trigger a further bullish signal in the direction of USD 1,960.00. In the long term, we expect further rising prices and new highs. The global uncertainties and the States ever-increasing debt burdens speak for an investment in gold and gold mining stocks.
Gold in a triangle
The gold mining explorer Fokus Mining, which focuses on acquiring and exploring significant precious metal deposits in Quebec's province, is ideally positioned for the next wave. In August, it acquired a prime piece of property, the Galloway Project. The property is located in one of Canada's most productive mining regions. In the past 100 years, more than 100.0 million ounces of gold have already been produced from these deposits. The three main zones, GP, Hendrick and Moriss, form the so-called golden triangle. In addition to a fourth zone, Hund, these can be connected both on the surface and underground to form a corridor of over 1.7 kilometers.
With the conclusion of an equity financing of CAD 5.0 million in October, the stage was set for the next 40,000 meters of diamond drilling programs. As of today, six drill holes in the Moriss segment have been constructed and sent for assay. The CEO of Fokus Minerals Jean Rainville was delighted with the developments so far and expects to publish positive news steadily in the coming weeks and months. At the moment, the share price of Fokus Mining is at CAD 0.31. Due to the positive news flow, overcoming the all-time high of CAD 0.47 should not come as a surprise.
Records upon records
Monthly sales records are currently being delivered by the Chinese electric car manufacturer NIO. 7,007 vehicles were delivered in December alone, representing an increase of 121% compared to the same period last year. The star in the range, the six and seven-seater ES8, alone accounted for 2,009 units sold.
NIO delivered 17,353 vehicles in the fourth quarter of 2020, an increase of 111% year-on-year and exceeding the Company's quarterly forecast's upper end. NIO's chairman believes the reasons for the outstanding success are the growing recognition of the premium brand, the competitive, compelling products and services, and the expanding distribution network.
The long-awaited sedan model is to be unveiled at the "NIO Day" on January 9, 2021. In addition, the ambitious competitor to Tesla and BYD plans to showcase the latest developments in its autonomous driving and other core technologies. The current share price is at USD 48.74. Breaking above the resistance zone at USD 50.0 would mean an end to the correction that has been ongoing since mid-November. The all-time high is at USD 57.20.
Back to normal
Unlike other sectors, tourism stocks knew only one direction in 2020: South. That could change soon. The CEO of TUI, Fritz Joussen, expects a reasonably normal summer. During the July and August holidays, it is likely that many flights on routes in the Mediterranean will be booked out quickly. As Joussen revealed to the "Rheinische Post," he even expects that the current vaccinations will make all travel restrictions unnecessary. We hope that the estimates of the TUI boss will prove to be true.