From a macroeconomic perspective, several of the longer-term problems that would be bullish for gold will likely manifest in 2020, including a recession and an escalation of the trade wars tensions with China, this according to Peter Hug, global trading director of Kitco Metals. “From a physical perspective, if you’re an investor from a medium to longer term perspective, you just stay with this market and if your holdings are under your percentage allocation that you were looking to apply to your portfolio from the perspective of gold, then you just add to the position at these levels because I think 2020 is going to be a very, very volatile year and I think it’s going to be very positive for the metals,” Hug told Kitco News.
Quebec is named the fourth best mining jurisdiction in the world by the Fraser Institute, and miners in the area have just seen the beginning, this according to Maxime Guilbault, partner at PWC. “I think we’ve just seen, I won’t say the tip of the iceberg, but there’s more.
All the mines that have been developed, around those mines, in Abitibi for example, there’s a lot of potential,” Guilbault told Kitco News on the sidelines of the Xplor Mining Convention in Montreal.
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