Hang on. Both bullish predictions may be overblown. They often...

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24/05/18

07:53

Post #: 33282591
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Originally posted by rdncoic ↑

mce-anchor

'Peak Gold' Scarcity Could Drive Gold Value Above $1,600

(Elen/Dreamstime)

By Peter Reagan
Wednesday, 23 May 2018 03:53 PMCurrent | Bio | Archive

Read Newsmax: 'Peak Gold' Scarcity Could Drive Gold Value Above $1,600 | Newsmax.com
Important: Find Your Real Retirement Date in Minutes! More Info Here

A spike in gold exploration spending between 2006 – 2008 created the conditions for mining companies to boost production over the last decade.
But we’ve reached peak production, and are headed down “Gold Mining Mountain.” With supply down, prices for gold will likely be on the rise.
As we mentioned last week, a strategist at Bank of America says gold may be headed for $1,450/oz. Now, the Chairman of Goldcorp is saying $1,600/oz.
Whatever prediction plays out, gold is sitting pretty. It’s best to get ahead of the crowd before everyone starts scrambling for gold.

Read Newsmax: 'Peak Gold' Scarcity Could Drive Gold Value Above $1,600 | Newsmax.com
Important: Find Your Real Retirement Date in Minutes! More Info Here

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Hang on. Both bullish predictions may be overblown. They often are, in my experience.

In any case, why tantalise the punters? They may not realise CVS has yet to find gold in an area that others have given away.

CVS Price at posting: 0.9¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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Add CVS (ASX) to my watchlist

Hang on. Both bullish predictions may be overblown. They often...

Top Stories

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Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

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History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Resolute shares bounce back as second payment made to Mali government to secure workers' release

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia