yes
found this this morning , for what it's worth .....Despite a looming recession, commodities are in a supercycle, and gold stands to outperform, according to Wells Fargo. The worst-case scenario for the precious metal is double in price.
The commodity supercycle kicked off in March 2020 and has at least six more years to go, John LaForge, the head of real asset strategy for Wells Fargo, told ***** News.
"Commodities are in a supercycle. We're structurally undersupplied across the commodity complex," LaForge said. "The shortest supercycle on record is nine years. We are only in year three. We have at least another six years to go."
https://www.*****.com/news/2023-03-16/-Clash-coming-Worst-case-scenario-for-gold-in-this-supercycle-is-to-double-Wells-Fargo-is-watching-3-000.html
RMS Chart, page-2311
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Last
$1.98 |
Change
0.030(1.54%) |
Mkt cap ! $2.286B | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.02 | $1.96 | $6.338M | 3.200M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6800 | $1.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.99 | 32563 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| RMS (ASX) Chart |