Goehring & Rozencwajg, the natural resource investment firm, caught our attention recently with a long-term gold price target of $12,000 to $15,000 an ounce. It’s been out of the gold market over the last two years, it says, but now it is getting back in.
“We think that gold has entered into a new phase of this bull market,” says Adam Rozencwajg in a recent interview. “It probably started in the third and fourth quarter of last year, and it really revolves around central banks’ behavior as much as anything else. I think it’s going to propel gold much much higher in this leg of the bull market.” As for the ultra-high price target, Rozencwajg says, “That’s always been our long-term price forecast on gold.”
Monument Mining Limited (MMY : MMTMF) is a Canada-based gold producer and mining asset developer.
The Company owns and operates the Selinsing Gold Portfolio in Malaysia and the Murchison Gold Portfolio in Western Australia.
The Selinsing Gold Mine is located in Pahang State, within the Central Gold Belt of Western Malaysia, comprising the Selinsing, Buffalo Reef, Felda Land, Peranggih and Famehub projects . The mine has about one million ton per annum gold processing CIL plant, which is situated approximately 158 kilometers (km) north of Kuala Lumpur. Murchison is located in the Murchison region in Western Australia and comprises the Burnakura, Tuckanarra, and Gabanintha projects, which are located in the Murchison goldfield of Western Australia, approximately 40 km southeast of Meekatharra and 765 km northeast of Perth.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.