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https://www.time24.news/2020/08/falling-gold-for-vaneck-it-can-re...

  1. ShareBeers
    2,427 Posts.
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    13/08/20
    00:58
    Post #: 46497517
    https://www.time24.news/2020/08/falling-gold-for-vaneck-it-can-reach-3400.html

    VanEck, a house specializing in gold investments and bullish since 2019, analyzes all the supporting factors: low interest rates, weak dollar, geopolitical uncertainty and rising debt

    Until a few days ago, before a couple of setbacks that brought it back below two thousand dollars an ounce, the price of gold was at an all-time high. The VanEck team, house with over 50 years of experience in investing in gold and gold stocks and on bullish positions since mid-2019, confirms its bullish call on the yellow metal in the wake of the strength of the bullish factors. Joe Foster, Portfolio manager and Strategist at VanEck, explains that since 1968, when gold was quoted at $ 35 an ounce, bull market drivers have been of two types, inflationary or deflationary, as in the current cycle, suggesting a higher price. to $ 3,000 an ounce as reasonable and possible. In fact, the VanEck expert sees similarities with the rise in 2001-2008, when gold rose by over 200%.

    FEE 3,400 DOLLARS POINT OF ARRIVAL

    Foster points out that the framework of central bank stimulus and high levels of systemic risk is similar to that of the 2008 global financial crisis, and believes that $ 3,400 could be a bull market arrival point. VanEck cites i low interest rates and the still unknown economic impact of the pandemic, but also other technical factors, such as the weakness of the dollar, geopolitical uncertainty and the continuing rise in debt levels. Furthermore, gold could be poised for a good performance even in the event of rising inflation, precisely because of the massive stimulus measures adopted by central banks and governments around the world.

    POSITIVE DYNAMICS ALSO FOR SHARES

    Along with the prospect of a rise in the price of the yellow metal, VanEck also sees very favorable dynamics for gold stocks. According to Jan van Eck, CEO of the Company, “gold continues to be a scarce commodity, and the fact that there have been no significant new discoveries since 2016 only adds to the pressure on supply. Meanwhile, gold companies have re-emerged from a period of management turnover and fiscal restructuring and are now better positioned to restore value to shareholders. “

    WIDE RANGE OF TOOLS

    According to VanEck, both physical gold both gold stocks can provide important potential benefits, each presenting a unique risk / reward profile, because bullion historically has a lower volatility profile, while stocks tend to be more volatile and have outperformed gold during bullish cycles due to their optionality through profits and leverage on resources. VanEck offers a wide range of solutions for taking a gold position, from ETFs, to specialized funds, with assets under management on gold-related strategies of $ 23.5 billion.


    Last edited by ShareBeers: 13/08/20
    WAF Price at posting: 90.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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