GOLD ON ITS WAY TO $3,000/ONCE FROM KWN TODAY WE ARE ENTERING THE MOST EXITING TIME FOR GOLD EXPLORER WHO WILL PROVE GOLD MINERAL RESOURCE. Enjoy reading:
Hockey Stick Of Exploration Lies Ahead
August 6 (King World News) – John Ing: …we believe that investors can look forward to the “sweet part of the cycle” and the industry’s huge cash flow generation will allow needed spending on exploration. With precious few discoveries, the “hockey stick” of exploration lies ahead, particularly since the world’s mine output lags demand.
$3,000 Gold
Gold has surged to all time historic highs, breaching $1,921 an ounce reached in September 2011. Gold had earlier reached record highs in most other currencies and now gold priced in dollars to record highs on fears about the global pandemic’s impact on the world economy. While we have long forecasted a target of $2,200 an ounce, we expect gold to trade higher than $3,000 an ounce due to a lower greenback and solvency concerns. And with the expected inflationary impact of the unprecedented massive dose of monetary and fiscal stimuli, gold’s “never normal” bull run has only just begun.