John Hathaway, Managing Director, Senior Portfolio Manager: "Despite recent weakness in gold and precious metals stocks, we believe gold may be poised for stronger performance in the coming months. The Federal Reserve's "higher for longer" stance on interest rates is unsustainable and could lead to a general credit deflation and a recession. Trouble is brewing in the banking system and the labor market, which could further support a rise in gold prices."
This article from Sprott is quite good. Its title is Gold and the Debt bubble. Their view is POG is poised to go higher in coming months. Note that it was written before the current Middle East crisis unfolded. Lots of good factual information to support their views.
https://sprott.com/insights/sprott-gold-report-gold-and-the-debt-bubble/
John Hathaway, Managing Director, Senior Portfolio Manager:...
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Last
54.5¢ |
Change
0.005(0.93%) |
Mkt cap ! $329.4M | |||
| Open | High | Low | Value | Volume |
| 55.0¢ | 55.5¢ | 53.5¢ | $1.028M | 1.885M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2299 | 54.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.0¢ | 86424 | 7 |
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