Gold prices now sit at record highs above $2,400 and could push aggressively higher. All thanks to a higher likelihood of interest rate cut from the Federal Reserve this year.
“Lower yields, some safe-haven buying and then the idea of a weakening economy which is bringing rates lower along with the dollar, all of those are in support of the gold market,” said David Meger, director of alternative investments and trading at High Ridge Futures,” as noted by CNBC.
At the moment, according to the CME Group’s Fed Watch, there’s now a nearly 80% chance we’ll see a rate cut of between 4.75% and 5% at the September 18 meeting.
| Company: Barrick Gold (SYM: GOLD) One way to trade further potential upside is with Barrick Gold (SYM: GOLD). The company just reported preliminary second quarter production of 948,000 ounces of gold and 43,000 metric tons of copper, as compared to the 940,000 of gold and 40,000 metric tons of copper in the first quarter. Even better, according to the company, “As previously guided, Barrick’s gold and copper production in 2024 is expected to progressively increase each quarter through the year with a higher weighting in the second half. The Company remains on track to achieve our full year gold and copper guidance.” |
Crypto 101
The Secret to Retiring Faster with Crypto
Discover how the Bitcoin halving cycle this year could help you retire sooner than you ever thought possible. Get the blueprint now.
Unlock your early crypto retirement
|
Company: Newmont (SYM: NEM) Yielding 2.46%, Newmont is the world’s leading gold company and a producer of copper, silver, zinc and lead. Even better, its world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. It’s also the only gold producer listed in the S&P 500 Index. |
Investors Alley
August 28 Deadline: The #1 Monthly Dividend ETF
It’s paying 161% bigger dividends than aristocrats, and it’s up 5.62% since making its newest announcement. If you add it to your portfolio before August 28, you’ll secure a payout of $2.05 PER SHARE!
Click here NOW to learn more before it’s too late.
|
ETF: Sprott Junior Gold Miners ETF (SYM: SGDJ) Or, if you prefer to diversify at a lower cost, there’s the Sprott Junior Gold Miners ETF (SYM: SGDJ). With an expense ratio of 0.35%, the SGDJ ETF seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the Solactive Junior Gold Miners Custom Factors Index. The Index aims to track the performance of small-cap gold companies whose stocks are listed on regulated exchanges. Some of its top holdings include Lundin Gold Inc., Seabridge Gold, Equinox Gold, Victoria Gold, Westgold Resources, Osisko Mining, K92 Mining Inc., Novagold Resources, Regis Resources, New Gold Inc., Sabina Gold & Silver, Argonaut Gold, Centerra Gold, Coeur Mining, Skeena Resources, and K92 Mining to name a few. |
Stansberry Research
Our No. 1 stock for the rare “millionaire window” opening NOW
According to Wall Street legend Whitney Tilson, an extremely rare window in the markets is about to open. It’s an often-misunderstood market setup we’ve only seen 13 times since 1920. The last time this happened, it minted a million brand-new millionaires – in a single year. But Tilson says this unique window in the markets could close much sooner than anyone realizes, leaving most investors in the dust, while making a select few incredibly rich.
Get our No. 1 stock (with 500%-plus upside potential) for this rare market event now.
