RE: ISA day6 Apr 2023 11:41
Trends all looking good:
“Continued central bank buying of gold bodes well for long-term prices,” said CEO Randy Smallwood of Wheaton Precious Metals, a precious metals streaming company.
I think it’s very plausible that we see a strong performance in gold over the coming months. The stars appear to be aligning for gold which could see it break new highs before long.
Craig Erlam
SENIOR MARKET ANALYST AT OANDA
Smallwood forecasts gold prices hitting $2,500.
Demand for gold skyrocketed to an 11-year high in 2022, owing to “colossal central bank purchases,” according to the World Gold Council. Central banks bought a 55-year high of 1,136 tons of gold last year.
Fitch: Gold prices will stay at highs
In late March, Fitch Solutions predicted that gold would notch a high of $2,075 “in the coming weeks.” The firm based that outlook on “global financial instability,” adding that it expects gold to “remain elevated in the coming years compared to pre-Covid levels.”
Are our stars about to align ? I’m standing in for Speedy just for a minute on a research day !Lol!
But seriously :
- gold at all time highs again and set to stay
- our mine still open in all directions
- a potential M&A catalyst
- SWAG picking up traction
- a new circle of steel with superpowers
- an MD who runs on Duracell batteries
- the worlds banks in mayhem making gold a cornerstone of safety
- a long term holders haven for the future prospects
- funding in place and protective layers with solid financial instos
- just need the timing to be right now and a bit of catalytic luck !
GLA