I agree, 2024 looks primed for most commodities. Gold looks the best of them all for future upside. If you look historically, gold is still massively undervalued and it needs to be above $3000usd to be in line with normal annual inflationary pressures. It’s only just above $2000usd now so plenty of room left to move.
It looks like 2023 was the year low cap stocks suffered the most, many hitting all time lows because liquidity left the share market on banking, funding, geopolitical fears etc. Particularly retail who struggled to make ends meet and needed to sell non property investments like stocks to help fund their living.
The problem is now most of these struggling investors have sold their stocks and will now be forced to make the tough calls, either re mortgaging or selling investment properties in order to keep the family home. This should free up liquidity to re enter the stock market in 2024 imo.
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Ann: Thick, High-Grade Gold Including 7m @ 23.0g/t Au - Mangaroon, page-101
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