$Newmont (NEM.US)$ Hello everyone, good move on gold today r...
$Newmont (NEM.US)$ Hello everyone, good move on gold today reaching its all time high. My prediction is we will likely hit 3,000 by year end. I also expect gold at much higher prices for the next 2 years. The reason of my view is historically institutions normally holds 2% of gold in their portfolio. However due to recent strong years on equities in technology and AI stocks and also BTC and over all cryptocurrencies, institutions had been drawing down gold moving to equities and retailers moving to tech, AI, and crypto. However as these equities tops out in the near future with Fed’s 1st rate cut, expect significant money flowing back into gold investments. Furthermore as we get more rate cuts into next year and year after, US dollar DXY will continue to fall and this will fuel gold to go up further. Also as we head into recession next year, more money will look for gold as safe heaven to preserve wealth. Overall gold will experience its biggest bull run ever. No one will imagin how gold will move. I actually expect gold to top out at around 6,000 in the next 2 to 3 years. For gold miners, good mining companies will see its margins hit historic high after historic high. Therefore gold miner will enjoy even higher upside than gold itself. I expect NEM and many others to surpass $100 per share in the next 2 years. So buckle up and enjoy the ride. Let the institutions carry us early birds up as investments come back to gold and the majority of retailers following after that.
Some other stock to consider:
GDX, senior gold miner ETF. this consist of a pool of well known gold miner companies including NEM also included in GDX hokdings.
GDXJ, junior gold miner ETF. Mid size gold companies that may experience even higher returns due to its smaller size.
GLD, spot gold ETF. Safest gold investment. It tracks the gold price index. However upside will follow gold but will be lower than potential miners up move.
SLV, spot silver should not be ignored. Silver have largely industrial use but also as money. I expect going forward many countries will need to build more pwer plants as the world move into EV and AI. Therefore huge amount of silver will be required for each nuclear power plant. Which bring me to uranium. Another commodity we need to keep our eyes on. Too early to buy now but definitely someyhing to include after uranium price pull back.
Another one none gold related is SCO. This is oil ETF for shorts. As world economy continue to slow down, I expect crude oil continue to fall. As crude oil fall SCO price will go up since this fund is shorting oil. Crude oil just starting to pull back last week from its recent high of $84+. Can make nice profits if anyone is interested. Target $20 to $30.
ok. I think I shared too much here already. Please note, this is not financial advise and you should always do your own research before any investments. Be responsible for your own money.
Cheers
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Retailers must include gold in their portfolio during rate cut cycle and economic slowdown. Consider NEM, GDX, GLD, GDXJ
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Powdahound : Thank you for sharing
151453268 witso : Does DT stand for doomsday theorist as applied to markets and trade historically boosting gold explored, mined, and physically held as a wealth protection strategy. The ducks are lining up Crowdstrike today a perfect example how fragile tech can be,and the degree of damage it can cause. Some protection is not a bad thing with gold . Agree totally with your assessment and have positioned accordingly
Dr DT OP 151453268 witso : Gold had a down day on Friday. We just need to be a bit patient. No need to worry as this should be a long term hold. FYI, NEM, world biggest gold mining company, will reports its Q2 earnings next week on July 24. Expect a blow off top earning report. Majority of gold mining companies will report in August and most established well managed miner companies would have robust earnings. Any drops is opportunities to pick up more shares. Be ready for a nice ride up by end of month into next month. Cheers.
151453268 witso : Buying the dip on red 5 they are smart producers and have made great acquisitions or acquaintances think their current value is a green light.