Close menu




July 1st, 2021 | 13:43 CEST

Nordex, Osino Resources, Volkswagen - The correction as an opportunity

  • Gold
Photo credits: pixabay.com

Both cryptocurrencies and precious metals corrected sharply in recent weeks. While the negative tweets of Elon Musk and the trading bans and stricter regulations in China were cited as reasons for Bitcoin, Etherum & Co, it is the fears of possible early interest rate hikes for gold and silver. In the short term, there should still be some correction potential, also from a chart perspective. In the long term, the lights are green for a rising gold and silver price.

time to read: 3 minutes | Author: Stefan Feulner
ISIN: NORDEX SE O.N. | DE000A0D6554 , OSINO RESOURCES CORP. ON | CA68828L1004 , VOLKSWAGEN AG VZO O.N. | DE0007664039

Table of contents:


    Growth before inflation

    After discussions of several Fed members to raise interest rates earlier than expected due to rising inflation got out of hand, the head of the US Federal Reserve, Jerome Powell, calmed the minds. He said there was currently no rush to respond preemptively to the market's fear of inflation by raising interest rates. The FED sees the sharp rise in consumer prices as a temporary phenomenon triggered by the recovery after the Corona lockdowns. Thus, the monetary policy environment remains optimistic for the gold price in the long term. From a chart perspective, the price quoted at USD 1,757 at the start of US trading yesterday should nevertheless test the low for the year at USD 1,680 once again. It is an opportunity to position oneself anti-cyclically and to include promising mining stocks in the portfolio in addition to physical gold.

    Drilling programs better than expected

    The gold exploration Company Osino Resources should be on your radar. In addition to the promising Twin Hills project in central Namibia, management has shined in the past with the sale of the Otjikoto mine to B2 Gold for CAD 180 million. Particularly interesting is the point that the Otjikoto mine is located in the direct vicinity of Twin Hills. Thus, one assumes geological parallels between the two exploration projects.

    In total, Osino Resources has approximately 7,000 km² in Namibia's prospective Damara sedimentary mineral belt along strike from the producing Navachab and Otjikoto gold mines. The main Twin Hills project is located just 20 kilometers from the largest gold deposit in southern Africa outside the Navachab Wits Basin. Due to its developed infrastructure and its politically and legally stable situation, Namibia is considered the most mining-friendly country on the continent.

    There were further positive drilling results to report in early June. The 14 brownfield targets identified in the 2020 IP survey have been drill tested, 4 of which have returned significant gold mineralization ranging from 0.79 g/t to 1.96 g/t. Since March, the 25,000 m drill length program has completed 63 holes, totaling 18,549 m of drilling.

    Overall, Osino Resources hopes to add significantly to its initial April estimate of 430,000 ounces at 1.00 g/t gold (indicated) and 1.47 million ounces at 1.08 g/t gold (inferred). In their report, analysts at Sprott Equity Research are confident that the currently planned 75,000 m drill program should bring additional high-grade shoots to surface and assign a price target of CAD 2.55 with a "buy" rating. The current price of Osino shares is CAD 1.32.

    Bottom formation completed

    Although the share of the wind turbine manufacturer Nordex was slightly in the red yesterday, the bottom formation has been successfully completed in recent days. While the stock still marked a low at EUR 16.59 in mid-June, it broke through the broad resistance area at EUR 19.60, also driven by positive news. Yesterday, it was almost enough to break through the rising 200-day line at EUR 20.88, but due to the overbought condition, the stock ran out of steam in the course of trading. A setback to the breakout level in the area of EUR 19.60 would be pretty healthy to then aim for the next price target at EUR 22.

    On the news side, Nordex was again able to shine with an order from Brazil. Thus, Nordex will deliver 70 turbines with a total capacity of 399 megawatts for a wind farm in the northeast of Brazil in Piaui, plus a service contract for maintenance and repair over 5 years. The turbines are to be erected in early 2023.

    Dieselgate puts the brakes on electric euphoria

    What the glyphosate trial is for Bayer, Dieselgate is for Volkswagen. In the legal dispute over further high fines in the diesel scandal, they have suffered a defeat at the hands of the Ohio Supreme Court. Here, it was ruled that the state can pursue penalties that go beyond those already agreed upon. The response from Wolfsburg followed promptly. Since the Volkswagen Group is of the opinion that fines and compensation have settled claims by individual states in the emissions scandal that VW has already had to pay for violations of the nationwide Clean Air Act, the ruling would be taken to the US Supreme Court, America's highest court.


    Conflict of interest

    Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may in the future hold shares or other financial instruments of the mentioned companies or will bet on rising or falling on rising or falling prices and therefore a conflict of interest may arise in the future. conflict of interest may arise in the future. The Relevant Persons reserve the shares or other financial instruments of the company at any time (hereinafter referred to as the company at any time (hereinafter referred to as a "Transaction"). "Transaction"). Transactions may under certain circumstances influence the respective price of the shares or other financial instruments of the of the Company.

    Furthermore, Apaton Finance GmbH reserves the right to enter into future relationships with the company or with third parties in relation to reports on the company. with regard to reports on the company, which are published within the scope of the Apaton Finance GmbH as well as in the social media, on partner sites or in e-mails, on partner sites or in e-mails. The above references to existing conflicts of interest apply apply to all types and forms of publication used by Apaton Finance GmbH uses for publications on companies.

    Risk notice

    Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and etc. on news.financial. These contents serve information for readers and does not constitute a call to action or recommendations, neither explicitly nor implicitly. implicitly, they are to be understood as an assurance of possible price be understood. The contents do not replace individual professional investment advice and do not constitute an offer to sell the share(s) offer to sell the share(s) or other financial instrument(s) in question, nor is it an nor an invitation to buy or sell such.

    The content is expressly not a financial analysis, but rather financial analysis, but rather journalistic or advertising texts. Readers or users who make investment decisions or carry out transactions on the basis decisions or transactions on the basis of the information provided here act completely at their own risk. There is no contractual relationship between between Apaton Finance GmbH and its readers or the users of its offers. users of its offers, as our information only refers to the company and not to the company, but not to the investment decision of the reader or user. or user.

    The acquisition of financial instruments entails high risks that can lead to the total loss of the capital invested. The information published by Apaton Finance GmbH and its authors are based on careful research on careful research, nevertheless no liability for financial losses financial losses or a content guarantee for topicality, correctness, adequacy and completeness of the contents offered here. contents offered here. Please also note our Terms of use.


    Der Autor

    Stefan Feulner

    The native Franconian has more than 20 years of stock exchange experience and a broadly diversified network.
    He is passionate about analyzing a wide variety of business models and investigating new trends.

    About the author



    Related comments:

    Commented by Armin Schulz on February 21st, 2024 | 07:30 CET

    Barrick Gold, Desert Gold, Renk - Golden times everywhere?

    • Mining
    • Gold
    • Defense

    The world is full of economic uncertainty and geopolitical tensions. These are ideal conditions for gold, which is still considered a safe haven. There are now several factors that point to a sustained upswing in gold prices. One factor is the increased involvement of central banks, which are increasing their reserves to an extent not seen for decades. Another factor is the discussion within the BRICS nations about introducing a new currency backed by gold as a counterweight to the dominant US dollar. Therefore, today, we look at two gold companies and shed light on Renk, a representative of the defense industry, which is also experiencing golden times.

    Read

    Commented by Fabian Lorenz on February 21st, 2024 | 07:00 CET

    Top news: BYD, Bayer and Globex Mining

    • Mining
    • Gold
    • Commodities
    • Electromobility
    • chemicals

    Bayer shocked investors yesterday with the announcement of its dividend cut, which shouldn't have been much of a surprise. The Company is burdened with high debt, endless legal fines, and an empty pharmaceutical pipeline. In an initial reaction, analysts have lowered the share price target. BYD, on the other hand, is doing well operationally. Only the share price is not picking up. Will a share buyback turn the share price around? For those who want to profit from the commodity boom with reduced risk, then Globex Mining's stock is attractive. The news flow is strong, and those who act quickly can still register and follow the live presentation of the mining incubator at the 10th International Investment Forum, IIF, today.

    Read

    Commented by Stefan Feulner on February 19th, 2024 | 07:00 CET

    Renk, Manuka Resources, and Airbus with explosive news

    • Mining
    • Gold
    • Vanadium
    • Batteries
    • renewableenergies

    Germany's leading index, the DAX, managed to surpass the 17,000-point mark significantly this week, reaching a new all-time high at 17,198.50 points. After a weak IPO year in Germany in 2023, in which only three companies dared to go public, the Renk Group set an exclamation mark with a rocket launch. Whether the high level of the DAX can be maintained will also depend on Allianz, Fresenius and Heidelberg Materials, which will publish their figures for the past financial year in the coming week.

    Read