Bullboard - Stock Discussion Forum Sprott Gold Miners ETF SGDM

The investment seeks results that correspond (before fees and expenses) to the performance of the Solactive Gold Miners Custom Factors Index. The underlying index aims to track the performance of gold companies located in the U.S. and Canada whose common stocks or American Depository Receipts (ADRs) are traded on the Toronto Stock Exchange, the New York Stock Exchange and NASDAQ. The fund will... see more

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Sprott Gold Miners ETF > “ Looking to $2,000 gold price: Coronavirus is the last 🌙

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Post by GoldenPolarBear on Feb 25, 2020 6:31pm

“ Looking to $2,000 gold price: Coronavirus is the last 🌙

"...

Looking to $2,000 gold price: Coronavirus is the ‘straw that broke the camel’s back’ — Sprott CEO" Peter Grosskopf, CEO of Sprott Inc.

"... The coronavirus was the shock that gold was waiting for before moving to higher levels with charts now pointing to an eventual breach of $2,000 an ounce, according to Peter Grosskopf, CEO of Sprott Inc.

“What the coronavirus added [was] a shock to the economy. I would call it a straw that broke the camel’s back. Economies were already at best shuffling along with a lot of weakness in Europe and China, and this is going to just push things over the edge,” Grosskopf told Kitco News on Monday.

Gold is an anti-confidence thermometer and when the precious metal is going up along with the U.S. dollar, it shows that the confidence is starting to break, Grosskopf said. ... "

"... Dealing with the coronavirus fallout means that the central banks around the world will need to go back to heavy easing mode, which is beneficial for gold, Sprott CEO noted. ..."

https://www.kitco.com/news/2020-02-25/Looking-to-2-000-gold-price-Coronavirus-is-the-straw-that-broke-the-camel-s-back-Sprott-CEO.html

I must admit that I hope to hear from Rick Rule or Peter Grosskopf at PDAC 2020?

https://www.pdac.ca/convention/programming/letter-writer-presentations-for-investors/sessions/letter-writer-presentations-for-investors/sprott%27s-thoughts