Goldman Sachs just said that gold has the highest potential for a near-term price increase, as noted by LiveMint.com. “Imminent Fed rate cuts are poised to bring Western capital back into the gold market, a component largely absent of the sharp gold rally observed in the last two years,” the brokerage firm said in its note Go for Gold, they added.
The firm also raised its price target on gold prices to $2,700 by early 2025.
Other analysts, including those at Citi have a $3,000 price target on gold over the next 18 months, especially with Middle East tension and the Federal Reserve. Bank of America also said gold could also test $3,000 in the next 12 to 18 months.
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That being said, investors may want to jump into gold stocks, such as: After exploding from about $16 to a high of $20.79, Barrick Gold is slipping with the market. However, you may want to use weakness as an opportunity. With geopolitical tensions boiling over and uncertainty over U.S. elections, and the potential for further rate cuts, gold prices and the GOLD stock could easily push even higher. |
InvestorPlace
Is Artificial Intelligence the Biggest Bubble in History?
(Millions of Retirements to be Cut in HALF?)
Is it any surprise 31 billionaires (including: Warren Buffett, Elon Musk, Jeff Bezos, and more) are quietly unloading their OWN stocks at record pace?
They’re getting OUT of AI (and Tech Stocks) before it’s too late.
But why?
And WHERE are they moving their cash for the biggest profits, in 2024?
Click here to discover all the details.
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Company: Newmont (SYM: NEM) Newmont (SYM: NEM) is also starting to slip after running from about $46 to a high of $54. But you may want to use weakness as an opportunity here, too. Helping, analysts at Scotiabank just upgraded NEM to a sector outperform rating from a sector perform rating with a $59 target. “The bank’s optimism for gold reflects its forecasts for interest rates, inflation and the dollar while incorporating stronger than expected gold buying from the official sector with gold now representing 16% of foreign exchange reserve holdings,” added Seeking Alpha. |
Streetlight Confidential
AI Explosion Creates Monster Investment Opportunity!
A friend calls it the “Faceless Monster.”
Some say it will cause millions of lost jobs. Others say it will change the face of most industries. Others fear the security risks it brings into every home and office.
You know this monster as AI – Artificial Intelligence.
Now is the time for investors to seriously examine how the tamed beast of AI and healthcare make a perfect investment opportunity.
Click here now to check out the latest news…
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ETF: VanEck Vectors Gold Miners ETF (SYM: GDX) One of the best ways to diversify at less cost is with an ETF, such as the VanEck Vectors Gold Miners ETF (SYM: GDX). Not only can you gain access to some of the biggest gold stocks in the world, you can do so at less cost. With an expense ratio of 0.51%, the ETF holds positions in Newmont Corp., Barrick Gold, Franco-Nevada, Agnico Eagle Mines, Gold Fields, and Wheaton Precious Metals to name a few. Even better, shares of mining stocks often outperform the price of gold. That’s because higher gold prices can result in increased profit margins and free cash flow for gold miners. In addition, top gold miners often have limited exposure to riskier mining projects. |
Weiss Ratings
Modern Nostradamus Warns of Financial Disaster Pre-Election
Dr. Martin Weiss, who has predicted past financial crises with deadly accuracy, now warns of a major catastrophe that could begin before the next election. Millions could lose their savings, their investments, their financial freedom. But just taking three vital steps now can safeguard your future.
Watch Dr. Weiss’s urgent video to discover how to shield yourself from the impending crisis!
