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It’s time to buy more gold. After testing an all-time high of $2,480.75, the metal could easily test $2,500, even $3,000 this year. All in hopes the Federal Reserve will cut interest rates this year thanks to growing confidence that inflation is headed back to its 2% target. |
InvestorPlace
The AI Presentation ‘They’ Don’t Want You to See
Wall Street legend confesses, “I feel a sense of duty to share what I know with as many people as I can… that’s why I made this free for all to view.”
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Out with a $3,000 target price is Goldman Sachs, which “sees continued tailwinds for gold amid an ongoing flight to safety due to geopolitical risks, continued buying of the commodity by central banks, and rising demand among Asian households,” as noted by BarChart.com. Even analysts at Citi say gold could test $3,000 by 2025, noting that “solid gold demand in the second half of the year could drive prices as high as $2,600 an ounce, with investors playing catch-up with the broader marketplace,” as noted by Kitco.com. |
FDIC Announces 63 Banks on Brink of Collapse, 517 Billion in Losses.
Steps to Take Now. (ad)
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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.” |
Oxford Club
Biggest Investors in the World LOADING UP on This AI Stock
It’s a small cap that trades for less than $10… Yet the biggest investors in the world own millions of shares.
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Details here.
