$15,000 in 8yrs21 May 2022 08:29
What about the gold market?
Goehring is very bullish on gold in the long-term, projecting the bull market to peak at around $15,000 per ounce by the end of this decade.
"There is a massive bull market right in front of us. In the last month, we have started to increase our gold exposure. We are getting close and closer to this massive blow-off that will happen in the gold space," Goehring pointed out.
However, in the short-term, gold could still see a move back to $1,600 an ounce, which is a great point to get into the market. The reason for the retreat in May is the Federal Reserve stepping up rate hikes.
"When the Fed starts to raise rates, that puts downward pressure on gold. [But] I am a raging bull," Goehring said. "We are confident that we are getting closer to a resolution to the upside, especially with gold and silver physical ETFs strongly suggesting that western investor interest is returning and gold trading cheap relative to oil."