“$10,000 gold” on Federal Reserve’s poor decisions.
“the captains of economic policy are living in a dream world In light of these considerations, investor disinterest in gold and the implied expression of trust in the sustainability of current economic arrangements bewilders us, especially when even small exposure to the metal would be the financial-asset analog of fire insurance on one’s home.”
Senior portfolio manager at Tocqueville Asset Management
“Gold has likely entered the early stages of the next bull-run. A major factor are the lingering macro risks. Making the move into gold now is more compelling than ever.”
“Over the next couple of years, we anticipate that gold will move up to $1,900”
“I predict $8,000 gold and $130 silver over the next 3 – 5 years”
Analysts at two of Canada’s major investment banks are advising clients to purchase precious metals to take advantage of an expected early year seasonal jump in gold prices. Royal Bank of Canada sees a repeat of last year’s bullish start to the year, while CIBC predicts gold may hit its high for the year in January. U.S.-based Goldman Sachs also predicts positive returns for gold in the first quarter, driven in part, by strong jewelry demand from China before Chinese New Year View More
Canadian investment bank TD Securities is forecasting a bullish 2018 for precious metals, predicting silver will post the strongest gains within the metals complex. The bank set a price target of $20-an-ounce for silver, which was trading near $16 in late December, below its 2017 opening level. “Underperforming silver is set to shine as gold improves amid still low real rates,” the bank says in its 2018 Global Outlook. TD analysts anticipate the Federal Reserve will raise short-term interest rates in 2018 View More