Strong momentum for $USAU – gold sector shines brightly! Gold prices have been steadily climbing over the past two years, and many experts believe the current bull market still has significant momentum. Chris Gaffney, president of world markets at EverBank, recently predicted that gold prices will reach $3,000 per ounce by 2025, after correctly forecasting the price surge to over $2,450 earlier this year. With gold prices currently above $2,600, this extended rally provides an enticing opportunity for investors.
However, the real potential in this bull market lies not just in owning gold, but in investing in gold mining equities, which stand to benefit from the rising gold prices. Mining companies see increased profit margins and expanded operations as gold prices climb. One such company in a prime position to capitalize on this environment is US Gold Corp. (NASDAQ: USAU).
In a recent interview with Ty Hoffer, President of Winning Media, Luke Norman, Chairman and Co-Founder of US Gold Corp., shared his insights on the state of the gold market and the unique opportunities for US Gold Corp. as a mining equity player.
Gold Bull Cycle: Long-Term Potential
Norman believes this is the "long-awaited bull-cycle in gold" and that it has "real legs to it." While acknowledging that the bull market may face false tops and corrections along the way, he is confident that the inflation-weighted gold price will continue to rise beyond current levels, presenting strong opportunities for mining companies.