Gold has hit ATH over last few

Gold has hit ATH over last few months and will look to target 2900 with several interesting drivers:

1. BRICS meeting end of Oct that will discuss new monetary unit, comprising up to 40% gold.

2. FED rate cut of at least 25bps , cementing the easing cycle continuing - all good for commodities, especially precious metals.

3. US elections uncertainty and support for economy boosted by liquidity injections.

I am Long ETF miners and GLD/SLV in anticipation of the strong moves over the next couple of weeks.

Gold Hits $2800! Have You Jumped In?

Gold hits $2800 yesterday. The precious metal has risen 34% YTD. ----------------- Will the price of gold reach $3,000 this year? Have you jumped in the asset? Are you bullish on gold as USD will decrease?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Simplyff
10-22
Simplyff
Precious metals will our perform during low interest rate environments because the opportunity cost is much lower, but of course what is most concerning is inflation and precious metals will preserve value as the purchasing power of fiat currencies decrease.
FabianGracie
10-22
FabianGracie
Wow, it seems like gold has a lot of bullish factors in its favor right now.

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