Sabre Gold Mines Corp (SGLDF)

[goldenpolarbear]

“...$3,000 Gold Price May Be Target...”

“... The Next Bull Cycle Has Barely Begun; $3,000 Gold Price May Be Target

“... We have breached the first level, $1,350 an ounce, needed for gold to climb to $3,000, said Dan Oliver, founder of Myrmikan Capital.

“There’s a lot of pressure into gold, and we’ve just barely begun this cycle,” Oliver told Kitco News.

Oliver noted that once gold had broken above $1,350 an ounce, institutional investors started to pay more attention, especially once heavyweight fund managers like Ray Dalio of Bridgewater Associates started publically advocating for gold.

“None of these institutional guys want to be heroes, like mentioned. Once a guy like [Ray Dalio] says it’s ok, then they can all do it, and what’s interesting is that all the institutional money is trying to squeeze into a market that is very small, and it’s hard to figure out how to do it, and that’s what they’re scrambling to figure out. So, I think there’s a lot of momentum behind this move,” Oliver said.

On monetary policy, the Federal Reserve is likely to keep lowering rates to fulfill market expectations, Oliver said....” http://www.myrmikan.com/

https://www.kitco.com/news/2019-08-21/The-Next-Bull-Cycle-Has-Barely-Begun-3-000-Gold-Price-May-Be-Target.html

https://www.kitco.com/news/2019-08-21/Gold-Prices-Holding-Steady-Following-Minutes-Of-July-Federal-Reserve-Meeting.html

Swiss gold exports to the U.K. rose to the highest in six years, driven by a surge in demand for exchange-traded funds.

Switzerland shipped 90.7 tons of bullion to the U.K. in July, the most since September 2012, according to data on the website of Swiss Federal Customs Administration. That compares with just 7.4 tons in June.

https://www.bloomberg.com/news/articles/2019-08-20/swiss-gold-exports-to-u-k-hit-6-year-high-on-etf-surge

https://kerrmines.com/