Gold price to triple with miners poised to gain 85% - Tavi Costa
“I like to be conservative, even though I'm very optimistic, but it's clear to me that if you look at other times, we've had very strong performances in an environment like this,” Costa said. “At least a triple in gold prices would be likely what's going to happen.”
“What is paying off is to be aggressive, invest in the future, and to put money to work into what their businesses are supposed to be doing.” Costa believes that one of the important changes will be to multiples in equity markets, which will need to be adjusted downward. “The way we were approaching markets with this mentality where investors have been conditioned, like we're in a world where we're going to see high growth and low cost of capital, I think that needs to change,” he said. “CAPE ratio today, the cyclically-adjusted P-E ratio for the S&P 500, is somewhere close to 29x.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Mining stocks have a +85% upside, and this could triple the gold price – Tavi CostaTavi Costa, Portfolio Manager and Partner at Crescat Capital, joins Ernest Hoffman, Reporter at Kitco News, to discuss gold miners, the gold price, and his o...
Lire la suite »
Gold SWOT: Agnico Eagle Mines is weighing what to do with its only Australian gold mineCommentaries from industry expert Frank Holmes focusing on gold price movements, what's moving markets and what to expect in the metals sector. This includes his weekly Gold SWOT analysis, which is also featured in his own Kitco News show Gold Game Film
Lire la suite »
Safe-haven demand powers gold price sharply upSenior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developments
Lire la suite »
Radical swings in Fed expectations can trigger $2k gold price, but washout could be 'vicious' - analysts
Lire la suite »
Corrective price pullbacks in gold, silver amid as-expected U.S. CPISenior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developments
Lire la suite »
Carleton Ravens deliver double dose of basketball gold with thrilling U Sports championship victoriesIt marks the first time in 38 years that one university has claimed both national basketball titles in the same year.
Lire la suite »