AI
Thursday, January 17, 2019 6:52:26 PM
Gold bull McEwen sticks with his $5,000 call as pot stocks peak
By DANIELLE BOCHOVE Bloomberg
Thu., Jan. 17, 2019
Gold mining veteran Rob McEwen is nothing if not optimistic.
The founder of Goldcorp Inc. is sticking with his bold prediction that the
precious metal will soar almost fourfold to $5,000 an ounce (U.S.),
bolstered by a weaker dollar and waning demand for trendy assets like pot
stocks.
https://images.thestar.com/fMBEg9KUwU-dvY3mVcyxEmMMq-I=/1086x610/smart/filters:cb(1547748018139)/https://www.thestar.com/content/dam/thestar/business/2019/01/17/gold-bull-mcewen-sticks-with-his-5000-call-as-pot-stocks-peak/rob_mcewan.jpg
Gold mining veteran Rob McEwen is sticking with his bold prediction that
the precious metal will soar almost fourfold to $5,000 an ounce (U.S.),
bolstered by a weaker dollar and waning demand for trendy assets like pot stocks. (MICHAEL NAGLE / BLOOMBERG)
“Once people get over buying cryptos and biotech and cannabis stocks
they’re going to start looking at gold again,” the chief executive
officer of McEwen Mining Inc. said in an interview Thursday in Toronto
with Bloomberg Television.
Asked about his price target, McEwen said: “I’ve always liked $2,000
and beyond that $5,000.”
McEwen has been wrong before. In 2017, he predicted a “tsunami” of
liquidity seeking safe haven would push gold above $5,000 an ounce.
In 2016, he predicted prices of $1,700 to $1,900 by the end of the
year. The metal ended below $1,200 an ounce, and trades only slightly
higher now at about $1,290.
(the Fed NWO banksters mafia cabals have been making counterfit fiat
fraud currency for more than 100yrs. and manipulated the gold market
as long, imo! ex....
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146133115
A loss of confidence in the dollar, a peak in the broader stock market
and fears of inflation will feed the impending spike in gold prices,
he said.
“The gold bull market started in January of 2016,” he said.
“People haven’t seen it yet but we’re about a third of the way
through.”
McEwen, 68, is a fixture in Canada’s tight-knit gold mining community.
The founder of Goldcorp is a noted philanthropist, having donated
tens of millions of dollars to healthcare, business education, and
other causes. He also remains the country’s most famously unabashed
gold bull.
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
the more the Fed 666 banksters mafia manipulate the legal tender of
gold and silver, the higher it will FLY in the end
)
Ps.
opinion appreciated
TIA
By DANIELLE BOCHOVE Bloomberg
Thu., Jan. 17, 2019
Gold mining veteran Rob McEwen is nothing if not optimistic.
The founder of Goldcorp Inc. is sticking with his bold prediction that the
precious metal will soar almost fourfold to $5,000 an ounce (U.S.),
bolstered by a weaker dollar and waning demand for trendy assets like pot
stocks.
https://images.thestar.com/fMBEg9KUwU-dvY3mVcyxEmMMq-I=/1086x610/smart/filters:cb(1547748018139)/https://www.thestar.com/content/dam/thestar/business/2019/01/17/gold-bull-mcewen-sticks-with-his-5000-call-as-pot-stocks-peak/rob_mcewan.jpg
Gold mining veteran Rob McEwen is sticking with his bold prediction that
the precious metal will soar almost fourfold to $5,000 an ounce (U.S.),
bolstered by a weaker dollar and waning demand for trendy assets like pot stocks. (MICHAEL NAGLE / BLOOMBERG)
“Once people get over buying cryptos and biotech and cannabis stocks
they’re going to start looking at gold again,” the chief executive
officer of McEwen Mining Inc. said in an interview Thursday in Toronto
with Bloomberg Television.
Asked about his price target, McEwen said: “I’ve always liked $2,000
and beyond that $5,000.”
McEwen has been wrong before. In 2017, he predicted a “tsunami” of
liquidity seeking safe haven would push gold above $5,000 an ounce.
In 2016, he predicted prices of $1,700 to $1,900 by the end of the
year. The metal ended below $1,200 an ounce, and trades only slightly
higher now at about $1,290.
(the Fed NWO banksters mafia cabals have been making counterfit fiat
fraud currency for more than 100yrs. and manipulated the gold market
as long, imo! ex....
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146133115
A loss of confidence in the dollar, a peak in the broader stock market
and fears of inflation will feed the impending spike in gold prices,
he said.
“The gold bull market started in January of 2016,” he said.
“People haven’t seen it yet but we’re about a third of the way
through.”
McEwen, 68, is a fixture in Canada’s tight-knit gold mining community.
The founder of Goldcorp is a noted philanthropist, having donated
tens of millions of dollars to healthcare, business education, and
other causes. He also remains the country’s most famously unabashed
gold bull.
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
the more the Fed 666 banksters mafia manipulate the legal tender of
gold and silver, the higher it will FLY in the end
) Ps.
opinion appreciated
TIA
My opinions are my own and and DD I post should be confirmed as unbiased
