Post by
georgemarch on Oct 14, 2023 9:26am
Share Price Moving Up
Central bank buying will drive gold over $2100 next year - TD Securities' Melek
Headlines above reflect what the industry forecasts and really needs. Higher gold prices. Fortuna and PMs will benefit.
- inflation is slowing
- Fed is basically done
- average US house price has doubled since gold bottomed (2013-2019) at $1200
Looks like gold goes higher. Fortuna's production increasing resulting in higher earnings. Share price goes up to reflect earnings with hopes of future dividend.
Just want to stay positive.