Top Stories This Week: Price Potential for Uranium, Rob McEwen on Gold’s Breakout Point

2021 is now half over, and so far the second part of the year has been positive for the gold price. The yellow metal has been on the rise since the start of July, moving from around the US$1,770 per ounce level to just above US$1,800 at the time of this writing on Friday (July 9).

Despite that increase, many market participants believe gold should be higher. This week I heard from Rob McEwen of McEwen Mining (TSX: MUX ,NYSE:MUX) on why he thinks gold hasn’t broken out.

Uranium Soared Last Year While Other Resources Tumbled

What’s In Store For Uranium This Year? Find Out In Our Exclusive FREE 2021 Uranium Outlook Report featuring trends, forecasts, expert interviews and more! Rob is well known for his US$5,000 gold prediction, and in his opinion, there are a few factors holding the precious metal back. Those are the belief that inflation is […]

Click here to view original web page at investingnews.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.