Gold: Institutional Stampede Into Miners Ahead? 16 Jan 2019...

Gold: Institutional Stampede Into Miners Ahead?
16 Jan 2019
https://www.investing.com/analysis/gold-an-institutional-stampede-into-miners-200375894

Goldman’s influential gold market analyst Jeff Currie has a new $1425 target for gold in 2019. That’s an important number, because most gold and silver miners have made a significant effort to reduce their AISC (all-in sustaining cost) numbers.

A gold price in the $1400+ area would turn many of these companies into “cash cows”… and do so at a time when most companies in America face an earnings and revenue meltdown.

An institutional stampede into gold stocks in this new and emerging situation is not a pipe dream. It’s becoming more of a probable event than just a potential scenario.



My weekly gold chart shows that $1300 resistance is merely a pit stop on the road to the inverse H&S bottom neckline at about $1392. If Goldman’s $1425 target price is achieved in 2019, it would mean gold has traded well above the neckline, ushering in a new target zone of about $1750. That $1750 price would turn most gold miners into not just cash cows, but cash cow superstars!