LONDON, Oct. 27, 2020 /PRNewswire/ — The biggest banks in the world are eyeing gold prices of around $3,000 in just over a year. Former Citigroup billionaire Thomas Kaplan predicts $5,000 gold . And even without those predictions, the gold rush is on. Miners are stampeding this single gold rush territory that’s already produced over 40 million ounces of gold. And still has an estimated 68 million+ ounces in the ground, ripe for the taking. Mentioned in today’s commentary includes: Barrick Gold Corporation (NYSE: GOLD ), Franco-Nevada Corporation (NYSE: FNV ), Royal Gold, Inc. (NASDAQ: RGLD ), Eldorado Gold Corporation (NYSE: EGO ), Seabridge Gold Inc. (NYSE: SA ).
Three miners have already descended on the territory, and their success has by now reduced the upside. But the fourth miner in the stampede has seen its shares surge 600%, perhaps because it’s surrounded by major success stories, and there’s a […]
October 27, 2020 (updated October 27, 2020) Published by StockMan