Why Gold Price is Set to Test $2,000 Lickety-split

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Midas Letter

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Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.

Investing in emerging public companies involves a high degree of risk and investors in such companies could lose all their money. Always consult a duly accredited investment professional in your jurisdiction prior to making any investment decision.

Midas Letter occasionally accepts fees for advertising and sponsorship from public companies featured on this site. James West and/or Midas Letter may also receive compensation from companies affiliated with companies featured on this site. James West and/or Midas Letter also invests in companies on this site and so readers should view all information on this site as biased.

Joy of the Trade Head Trader Jeff Zananiri joined Midas Letter to discuss gold’s strong upwards trend recently and the divergence between the commodity’s spot and next month future price.

Gold futures finished for the second straight day above $1,700. Traders are investing into the precious metal commodity as the outlook for economic growth and the inclination of negative interest rates in the U.S. have spooked traditional equity investments.

With the state of the economy during these Coronavirus pandemic times, the Head Trader sees the price of gold hitting $2,000 very soon and provides a safety play which makes sense in the short and longer term.

The duo discuss how they trade the commodity in various ways including gold-backed exchange-traded funds. ETF’s for precious metals trade like a stock but track the price of the commodity, with the precious metal being put into storage to back the shares.

We recently hosted a webinar with the world’s leading gold experts such as Eric Sprott. We discuss the role gold will play during both the new recession and the eventual recovery. Watch the full video below which helps traders and investors of all experience levels understand the role of gold in the post pandemic economy… which will allow you to prosper in the new bull gold market!

Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.

Investing in emerging public companies involves a high degree of risk and investors in such companies could lose all their money. Always consult a duly accredited investment professional in your jurisdiction prior to making any investment decision.

Midas Letter occasionally accepts fees for advertising and sponsorship from public companies featured on this site. James West and/or Midas Letter may also receive compensation from companies affiliated with companies featured on this site. James West and/or Midas Letter also invests in companies on this site and so readers should view all information on this site as biased.