Steemit Gold/Silver Report: Buy the Dip.... Gold Is “Where It Should Be” - Pierre Lassonde
As I've mentioned here on Steemit a few times in these series reports ...
Resource Today:
While a much higher gold price is needed to bring bullish sentiment back into the mining space, the yellow metal is already fairly priced, said Pierre Lassonde, Chairman of Franco-Nevada Corp.“At $,1300 [an ounce], I will argue that gold is well priced,” Lassonde told Kitco News on the sidelines of the BMO Global Metals & Mining Conference.
“It’s not overpriced and it’s not underpriced. It’s where it should be given everything else that’s happening in the world.”Lassonde noted that the industry itself, particularly the producers of precious metals, has been performing well, but much higher gold prices will be needed to secure investors’ interest back into the market.
“At $1,300 gold, the mining companies, the operators, are doing well, you can see the balance sheets are better than ever.
They’ve learned their lesson and are focusing on margins,” Lassonde said. “But if you look at the investors, they don’t want to hear about it.”Lassonde noted that Franco-Nevada, Newmont, and Agnico Eagle are currently the top performers in the industry, or as he liked to call it, companies with the “golden halo.”
-- Kitco Metals.
Recent past news... Chinese gold market:
-- China is a crucial market to watch for everything -- not just precious metals, crypto or geopolitics.
Fuelled by an expanding economy and rising wealth, China's gold jewellery demand has boomed since the early 2000s. Despite this, it has endured some challenging years: jewellery market research shows demand shrank by one-third between 2013 and 2016. But 2017 saw modest growth, following a period of reinvention.
Jewellers’ efforts to modernise their product mix, improve design, and seamlessly blend customers’ online and offline experiences are starting to bear fruit. It is our view that China’s jewellery market has turned a corner. We believe a more consumer-focused industry, combined with China’s rising wealth, will support global gold demand and gold’s long-term performance.
Sources:
Kitco Precious Metals.
https://www.gold.org/research/market-update/market-update-chinas-jewellery-market-quietly-improving
Have a good week!!
Your Friend in Liberty....
Another factor driving up it is edible gold. Like idiots getting 2 $24 cigar wrap dipped in gold edible powder. If you don't believe me at there is a smoke shop called Cloud Wars on 95 and East Flamingo here in Las Vegas Nv