Sale 1 oz Australian philharmonic silver coins as low as 5.44 above spot

The best days for gold are yet to come, here’s what to look for

The current bull cycle for gold costs is still in progress, and its only a matter of time prior to price levels for the yellow metal struck $2,000 an ounce, this according to Sean Boyd, CEO of Agnico Eagle.

Boyd noted that present gold prices are really absolutely nothing to worry about.

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“Golds fine. I think when we take a look at the existing gold price, a little over $1,450, I believe its actually doing rather well provided where the basic stock exchange are,” he said.

“I believe the gold rate is just low enough to attract a great deal of brand-new money into the space, and I believe as weve pointed out prior to here, we began to see more generalist money start to look at the larger, greater quality gold miners a number of years earlier.

Spot gold last traded at $1,461.50 an ounce Monday, flat on the day, while stocks fell, with the S&P 500 down almost a percent.

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On mining, junior miners are still not seeing gold prices at the levels needed for financiers to come in, Boyd stated.

” Were still in that bull market that began in 2015. “We believe in this cycle gold will hit a brand-new high in U.S. dollars.

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