Year end targets for the precious metals that are actually attainable – Don’t listen to those touting $3000+ gold
Craig Hemke joins me to share his year end targets for the PMs. As much as we hear gold bugs touting $3,000 and $5,000 gold, these comments draw people in but they should not be relied on for investing purposes. Balancing out what we’ve seen in the past during bull markets is a good barometer.
Go listen to EB Tucker………Ex posted it in the other section….
No 2k electric boogaloo? You can’t guarantee a 2k or a sub 2k gold price now…epecially in a huge impulse move which we have been in since April. Yes, we could be close to the 2k level, but also we could be at the 2300,2500 or even 2800 by the end of the year. Franco Nevada did a mic drop today…and money will come heavy into this sector. We just have to play the “old turkey” and see what happens. Craig is 100% right about buy and hold, for non-professional punters like myself:).
$2500 forecast by EB Tucker…..
Craig is 100% spot on with this phase of Gold bull starting in October / November 2018. Gold was foreshadowing everything that followed and of course, the yellow metal broke six year resistance in June 2019. Both Gold and Silver have now entered Phase III of secular bull that began in early 2000’s. There will be corrective consolidations along the way but, several years remain before this move ends. You’ll know we’re close when mining equities are trading like the internet stocks of 98-01. That is how this phase will end. Very reminiscent of the dot.com era. Strap in and hold on and enjoy the ride.
This is my forcast for year end gold price. I am a realist , so lets go……
Gold year end , just under $2000…Or if the “BOYO’S have “THEIR” way , anything below $1700 .