Signals Show Great Upside For Gold In 2019 - Bloomberg Intelligence -
Gold is showing a divergence with the dollar and stocks, indicating upside potential for the yellow metal in 2019, said Mike McGlone, senior commodity strategist at Bloomberg Intelligence.
“A lot of the drivers are turning positive. The volatility of the stock markets is turning up, from the lowest ever…and the dollar has had a substantially strong year. The trade-weighted dollar is the best performing major asset class on the planet this year. It’s up 8% this year, yet gold is trickling, it’s up/down 6%. To me, I see a sign of divergent strength,” McGlone told Kitco News.
McGlone added that those pressure factors are likely to go away in 2019, paving the way for gold to rally.
Kirkland Lake Gold is focused on producing over 620,000 high quality ounces in 2018 from our mines in Canada and Australia, with a commitment to sustainable production, organic growth and a strong financial position.
2018 Gold Production of > 620,000 oz Solid operating platform in Tier 1 mining jurisdictions Strong Balance Sheet
Cash Balance of US$ 230 million at December 31, 2017
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