With a resource update due Q1 this as the potential to bounce back quickly on positive news and a strong POG.
Fact is the gold price is something that will only get stronger. The global instability at present is an excellent springboard and there is still plenty of fodder to come to propel to new ATHs.
the next major catalyst (when it comes) is for the fed to reverse its position on interest rates and QE.
the effects of Evergrande still haven't even started playing out on global markets yet and I believe there will be a 2024 bank crisis, worse than the regional meltdown of 2023.
Need a lot of popcorn for the upcoming show. Physical gold as well as paper gold is a compelling position.
WAF might've suffered a little recognition in this latest forecast but on the path to mid tier they aren't showboating and are doing things correctly. IMO
WAF Price at posting:
80.5¢ Sentiment: Buy Disclosure: Held
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