Gold could hit $3K, especially if the fed cuts rates...
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Dear Fellow Investor,
Gold shows no signs of cooling off. Last trading just above $2,600, it could be headed to $3,000 – especially if the Federal Reserve gets aggressive with interest rate cuts. Helping, Goldman Sachs just said, "While we see some tactical downside to gold prices under our economists' base case of a 25bp Fed cut on Wednesday, we reiterate our long gold trading recommendation and our price target of $2,700/[troy ounce] by early 2025 given structurally higher central bank demand, the gradual boost from rate cuts, and gold's hedging benefits against geopolitical, financial and recessionary risks." "Fed rate cuts are poised to bring Western capital back into gold ETFs, a component largely absent [from] the sharp gold rally observed in the last two years. Since ETF holdings only increase gradually as the Fed cuts, this upside is not yet fully priced in," added the firm.
That's also good news for some of the top gold stocks we've mentioned, including:
Company: Barrick Gold (SYM: GOLD) We mentioned that "After exploding from about $16 to a high of $20.79, Barrick Gold is slipping with the market. However, you may want to use weakness as an opportunity. With geopolitical tensions boiling over and uncertainty over U.S. elections, and the potential for further rate cuts, gold prices and the GOLD stock could easily push even higher." At the time, GOLD traded at $19.32. It's now up to $20.54.
Street Signals Gold Company Trading at 25 Cents as gold hits $2,583
The gold market is heating up fast—prices have jumped 33% this year to $2,583 per ounce, and analysts expect that by 2025, it could exceed $2,700. But is the gold rally nearing its peak? Not at all…
As the price continues to rise, it's important to be aware of a key gold company that could benefit from this trend.
Discover more about this exciting gold company here.
Company: Newmont (SYM: NEM) "Newmont is starting to slip after running from about $46 to a high of $54. But you may want to use weakness as an opportunity here, too. Helping, analysts at Scotiabank just upgraded NEM to a sector outperform rating from a sector perform rating with a $30 target," we added. At the time, NEM traded at $51.60. Today, it's up to $53.23.
GoldCo Kamala's Digital Dollar
If Kamala wins the White House...
Your financial freedom could be in her crosshairs.
But now some experts believe Kamala could come out more "aggressively in favor of the Digital Dollar..."
And government tyranny like this could have a direct impact on your freedom as an American.
Don't let her steal your freedom.
Don't let her have access to your money.
ETF: VanEck Vectors Gold Miners ETF (SYM: GDX) We also said that one of the best ways to diversify at less cost is with an ETF, such as the VanEck Vectors Gold Miners ETF (SYM: GDX). Not only can you gain access to some of the biggest gold stocks in the world, you can do so at less cost. At the time of our initial mention, the GDX ETF traded at $36.91. Today, it's up to $40.
Financial Newsletter Team 4 Gold Stocks to Finish out September
FREE Report: Top 4 Gold Stocks Ready to Surge as Gold Prices Climb Higher
Gold has recently soared to new all-time highs and appears poised to climb even higher.
Given this massive gold bull market, how should you invest for maximum potential upside?
Click here to download your copy of this Free Report detailing the 4 leading gold stocks that are positioned to surge as gold prices continue their upward trajectory
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