Sabre Gold Mines Corp T.SGLD

“Gold to $3,000 in 2024 Mike McGlone sees a global recession

[GoldenPolarBear]

"... 

Gold to $3,000 in 2024: Mike McGlone sees a global recession propelling gold to unprecedented highs..."

".... As macroeconomic conditions continue to deteriorate, the gold prices is poised to hit new highs in 2024, and even has the potential to hit $3,000, according to Bloomberg Intelligence Senior Commodity Strategist Mike McGlone.

“Gold outperforming most commodities and the S&P 500 on a year-over-year basis to Nov. 29 may show inklings toward our base case: A great reset worthy of the biggest liquidity-pump-then-dump in history,” McGlone said in his “Global Commodities 2024 Outlook.”..."

I wholeheartedly agree with Mike but higher gold prices seem to have extremely little impact on making these Sabre Gold Mines shares rise!

https://www.kitco.com/news/article/2024-01-02/gold-3000-2024-mike-mcglone-sees-global-recession-propelling-gold
 

"...

• The appeal for the Gold price has strengthened after Federal Reserve Chairman Jerome Powell changed his tone at the December monetary policy meeting from one that backs higher for longer interest rates to one that sees rate cuts being a topic for discussions going forward.
• However, Jerome Powell warned that the achievement of price stability is the Fed’s foremost objective.
• Investors should be prepared for volatile price action as the labour market, Manufacturing and Services PMI data are due this week. In addition to that, investors will focus on the FOMC minutes, which are set to be released on Wednesday...."

https://www.fxstreet.com/news/gold-price-advances-on-persistently-high-rate-cut-bets-202401020940

[givemeabreak1]

Problem is we have been do for a recession for years on year so all the market Gurus have been predicting a recession.  One would have to guess eventually one will happen and they will out come out of the woodwork and say see I called it.  Sort of like calling an earthquake year after year in California eventually they get it right and become famous forecasters lol!